Rnib group annual report and accounts 2010/11



Download 1.18 Mb.
Page14/18
Date conversion04.09.2017
Size1.18 Mb.
1   ...   10   11   12   13   14   15   16   17   18

14. Investments




Unrestricted funds

Group

2011

£’000

Group

2010

£’000

Charity

2011

£’000

Charity

2010

£’000

Quoted













Market value at beginning of year

28,448

32,463

28,453

32,468

Acquisitions at cost

5,091

26,666

5,091

26,666


Transfer from Endowment Funds at opening market value

4,938

-

4,938

-

Disposals at opening market value

(13,808)

(32,463)

(13,808)

(32,463)

Net gain (loss) on revaluation

372

1,782

372

1,782

Market value at the end of the year

25,041

28,448

25,046

28,453

Historical cost at the end of the year

24,592

28,380

24,597


28,385

Property













Market value at beginning of year

1,666

1,577

1,666

1,577

Net gain (loss) on revaluation

12

89

12

89

Market value at the end of the year

1,678

1,666

1,678

1,666

Historical cost at the end of the year

600

600

600

600

Total market value at the end of the year

26,719

30,114


26,723

30,119

Total historical cost at the end of the year

25,192

28,980

25,197

28,985



Restricted funds

Group

2011

£’000

Group

2010

£’000

Charity

2011

£’000

Charity

2010

£’000

Quoted













Market value at beginning of year

1,745

16

22

16


Fair value additions under acquisition

-

1,191

-

-

Acquisitions at cost

1,338

49

23

-

Disposals at opening market value

(124)

(3)

(22)

-

Net gain (loss) on revaluation

68

492

-

6

Market value at the end of the year

3,027

1,745

23

22

Historical cost at the end of the year

3,633

1,742

23

19





Endowment funds

Group

2011

£’000

Group

2010

£’000

Charity

2011

£’000

Charity

2010

£’000

Quoted













Market value at beginning of year

10,265

7,593

10,264

7,593

Acquisitions in CVV

-

1

-

-

Acquisitions at cost

5,509


-

5,479

-

Transfer to general funds

(4,938)

-

(4,938)

-

Disposals at opening market value

(5,326)

-

(5,326)

-

Net gain (loss) on revaluation

16

2,671

15

2,671

Market value at the end of the year

5,526

10,265

5,494

10,264

Historical cost at the end of the year

5,480

8,722


5,479

8,721





Group

2011

£’000

Group

2010

£’000

Charity

2011

£’000

Charity

2010

£’000

Unrestricted funds

26,719

30,114

26,724

30,119

Restricted funds

3,027

1,745

23

22

Endowment funds

5,526


10,265

5,494

10,264

Total market value of investments at end of year

35,272

42,124

32,241

40,405

The market value of investments is further broken down as follows:







Group

2011

£’000

Group

2010

£’000

Charity

2011

£’000

Charity

2010

£’000

Unrestricted funds - UK Quoted

25,041

28,039

25,046


28,453

Unrestricted funds - Overseas Quoted

-

409

-

-

Unrestricted funds - UK Property

1,678

1,666

1,678

1,666

Restricted funds - UK Quoted

3,027

1,745

23

22

Endowment funds - UK Quoted

5,526

10,265

5,494

10,264

Total

35,272

42,124

32,241

40,405

Significant holdings


Within the portfolio of quoted investments, the following holdings for the RNIB Group, all within the unrestricted funds, exceed five per cent of the total market value of the fund:





2011

£’000

2011

%

2010

£’000

2010

%

L&G Ethical Trust – Distribution Units

4,931

19.7

5,160

17.1

L&G Cash Trust – Accumulation Units

9,910

39.6

11,468

38.0

F&C Ethical Bond Share Class 2


10,199

40.7

11,820

39.2

In addition the Charity investments also include the following nominal holdings in subsidiary undertakings. The subsidiaries are all based within the United Kingdom and their accounting year ends are 31 March.




Subsidiary undertakings with a share capital

Registered in

Capital held

%

Number of £1 ordinary shares held

RNIB Enterprises Limited

England and Wales

100

5,000

RNIB Services Limited

England and Wales

100

1

Total - direct






5,001


Action for Blind People Activities Limited

England and Wales

100

2

Talking Newspapers Enterprises Limited

England and Wales

100

100

Total - indirect







102

RNIB is the sole corporate member of the following organisations which all bar the Glynn Vivian Home of Rest for the Blind are limited by guarantee with no shares in issue:




Subsidiary undertakings limited by guarantee

Registered in

Company number

Charity number

Charity number - Scotland

Action

England and Wales

26688

205913

SCO40050

CVV


England and Wales

149982

214131

-

NTNM

England and Wales

01973092

293656

-

BCNI

Northern Ireland

NI 20701

XN48801

-

NLB

England and Wales

00058823

213212

-

Glynn Vivian

England and Wales

-

214330

-

In addition to the fixed asset investments there are also some donated investments held by the Charity, which because of their nature are included within current assets.


Current Asset Investments (including property held for sale)
General Funds




Group

2011

£’000

Group

2010

£’000

Charity

2011

£’000

Charity

2010

£’000

Quoted













Market value at beginning of year

471

60

13

60

Acquisitions at cost

27

-

27

-

Transfers from fixed assets to property held for sale

2,402

458

-

-

Property received from Glynn Vivian at fair value and held for sale


350

-

350

-

Disposals at opening market value

(40)

(44)

(40)

(44)

Disposals of property held for sale

(458)

-

-

-

Net loss on revaluation

-

(3)

-

(3)

Market value at the end of the year

2,752

471

350

13

Historical cost at the end of the year

2,752


471

350

13

The transfer from fixed assets to property held for sale in 2011 refers to the Verney Road site occupied by Action.





1   ...   10   11   12   13   14   15   16   17   18


The database is protected by copyright ©hestories.info 2017
send message

    Main page