|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|2|
|Independent<br>Examiner's<br>Report||||
|Statement ofFinancial Activities||||
|Balance Sheet||||
|Notes to the Financial Statements|6|to|9|
|Detailed Statement ofFinancial Activities||10||





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|||||for the Year Ended 5th A<br>ril 2|021||
|---|---|---|---|---|---|---|
||||||2021|2020|
||||||Unrestricted|Total|
||||||fund|funds|
|||||Notes|||
|INCOME AND ENDOWMENTS|||FROM||||
|Investment<br>income|||||59,508|57,905|
|Other income||||||2,265|
|Total|||||59,508|60,170|
|EXPENDITURE|ON||||||
|Raising funds|||||767|991|
|Charitable<br>activities|||||||
|Grants|||||40,000|90,000|
|Other|||||3,879|1,080|
|Total|||||44,646|92,071|
|Net gains/(losses)|on|investments|||345,178|(372,110)|
|NET INCOME/(EXPENDITURE)|||||360,040|(404,011)|
|RECONCILIATION||OF FUNDS|||||
|Total funds brought||forward|||1,759,129|2,163,140|
|TOTAL FUNDS CARRIED FORWARD|||||2,119,169|1,759,129|





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||||2021|2020|
|---|---|---|---|---|
||||Unrestricted|Total|
||||fund|funds|
|||Notes|||
|FIXEDASSETS|||||
|Investments|||2,064,270|1,719,091|
|CURRENT|ASSETS||||
|Cash at bank|||54,899|40,038|
|NET CURRENT ASSETS|||54,899|40,038|
|TOTAL ASSETSLESSCURRENT LIABILITIES|||2,119,169|1,759,129|
|NET ASSETS|||2,119,169|1,759,129|
|FUNDS|||||
|Unrestricted|funds||2,119,169|1,759,129|
|TOTAL FUNDS|||2,119,169|1,759,129|





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|INVEST|MENT|INCOME|||
|---|---|---|---|---|
||||2021|2020|
|Dividend|income||59,508|57,512|
|Deposit|account|interest||393|
||||59,508|57,905|





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|Investment<br>management|Investment<br>management|costs|costs|||||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
|Support costs||||||767|991|
|GRANTS PAYABLE||||||||
|||||||2021|2020|
|Grants||||||40,000|90,000|
|The total grants|paid to institutions|||during|the year was as follows:|||
|||||||2021|2020|
||||||||f,|
|South West Scotland Piping|||& Drumming||Academy|30,000|30,000|
|Wynifred<br>Keswick Memorial|||Trust|||10,000|10,000|
|The Midsteeple|Quarter||||||50,000|
|||||||40,000|90,000|



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|||||Unrestricted|
|---|---|---|---|---|
|||||fund|
|INCOME|AND ENDOWMENTS||FROM||
|Investment|income|||57,905|
|Other income||||2,265|
|Total||||60,170|
|EXPENDITURE||ON|||
|Raising funds||||991|
|Charitable|activities||||
|Grants||||90,000|
|Other||||1,080|
|Total||||92,071|
|Net gains/(losses)||on investments||(372,110)|
|NET INCOME/(EXPENDITURE)||||(404,011)|





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|COMPARATIVES F|OR THE STATEMENT OF FINAN|CIAL ACTIVITIES -continued|||
|---|---|---|---|---|
|||||Unrestricted|
|||||fund|
|RECONCILIATION|OF FUNDS||||
|Total funds brought|forward|||2,163,140|
|TOTAL FUNDS CARRIED FORWARD||||1,759,129|
|FIXEDASSET INVESTMENTS|||||
|||||Listed|
|||||investments|
|MARKET VALUE|||||
|At 6th April 2020||||1,719,091|
|Revaluations||||345,179|
|At 5th April 2021||||2,064,270|
|NET BOOK VALUE|||||
|At 5th April 2021||||2,064,270|
|At 5th April 2020||||1,719,091|
|All investments<br>were made outside the UK.|||||
|MOVEMENT IN FUNDS|||||
||||Net||
||||movement|At|
|||At 6.4.20|in funds|5.4.2I|
|Unrestricted<br>funds|||||
|General<br>fund||1,759,129|360,040|2,119,169|
|TOTAL FUNDS||1,759,129|360,040|2,119,169|



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||||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|---|
||||resources|expended|losses|in funds|
|Unrestricted||funds|||||
|General|fund||59,508|(44,646)|345,178|360,040|
|TOTAL|FUNDS||59,508|(44,646)|345,178|360,040|





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|Compara|tives|for moveme|nt<br>in fun|ds|||||
|---|---|---|---|---|---|---|---|---|
||||||||Net||
||||||||movement|At|
|||||||At 6.4.19|in funds|5.4.20|
|Unrestricted||funds|||||||
|General|fund|||||2,163,140|(404,011)|1,759,129|
|TOTAL|FUNDS|||||2,163,140|(404,011)|1,759,129|
|Comparative||net movement|in funds,|included|in the above are as follows;||||
||||||Incoming|Resources|Gains and|Movement|
||||||resources|expended|losses|in funds|
|Unrestricted||funds|||||||
|General|fund||||60,170|(92,071)|(372,110)|(404,011)|
|TOTAL|FUNDS||||60,170|(92,071)|(372,110)|(404,011)|



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|||The Scotbel<br>e Charitable<br>Tr|The Scotbel<br>e Charitable<br>Tr|ust|||
|---|---|---|---|---|---|---|
|||Detailed Statement ofFinancial||Activities|||
|||for the Year Ended 5th A|ril 2021||||
||||||2021|2020|
|INCOME AND ENDOWMENTS|||||||
|Investment<br>income|||||||
|Dividend<br>income|||||59,508|57,5]2|
|Deposit account interest||||||393|
||||||59,508|57,905|
|Other income|||||||
|Exchange rate gain||||||2,265|
|Total incoming<br>resources|||||59,508|60,170|
|EXPENDITURE|||||||
|Charitable<br>activities|||||||
|Grants to institutions|||||40,000|90,000|
|Support costs|||||||
|Governance<br>costs|||||||
|Accountancy|||||1,140|1,080|
|Investment<br>manager|fees||||767|991|
|Exchange rate loss|||||2,739||
||||||4,646|2,071|
|Total resources expended|||||44,646|92,071|
|Net income/(expenditure)|||||14,862|(31,901)|