States Assembly | R-156-2011

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ANN ALICE RAYNER FUND

ADMINISTRATION

History

Ann Alice Blason née Colclough was the wife of Charles Henry Blason and widow of John Edward Rayner, late Lord Mayor of Liverpool.

In her will, she gave the residue of her personal estate to the States of Jersey for the creation of a fund to be known as the Ann Alice Rayner Fund. Within certain limits, the Fund was to be used for such objects and purposes of a charitable or philanthropic nature as the States of Jersey might at their absolute discretion determine. It was her desire that such objects should include first, grants (either out of capital or income) to the Public Assistance Committee for providing a hostel for the nursing staff of the Jersey General Hospital (which was subsequently built) and also for promoting the happiness and comfort of the inmates of the Poor Law Department of the said hospital and also for the provision from time to time of up to date equipment for the treatment of patients at the said hospital and secondly, grants of pecuniary relief in any form to needy persons of either sex of the professional persons residing in Jersey.

In 2001, the States accepted a proposition of the Finance and Economics Committee that the objects and purpose of the Fund shall be the provision of pecuniary relief to needy persons residing in Jersey and such other objects as the States may determine.

Administration

The Fund is administered by the Treasury and Resources Department under the oversight of a Delegation formed by four Jurats of the Royal Court.

Balance Sheet as at 31 December 2010

2010 2009 Note £ £

FUNDS EMPLOYED:

CAPITAL ACCOUNT 1,610,953 1,030,716 INCOME ACCOUNT 637,210 556,626

2,248,163 1,587,342

REPRESENTED BY:

Investments 2 2,232,277 1,505,014 Cash 3 17,512 82,328 Current Assets 4 968 - Current Liabilities 5 (2,594) -

2,248,163 1,587,342

Capital Account for the year ended 31 December 2010

2010 2009

£ £

Balance brought forward

Realised gain on Investments - outside Common Investment Fund

Unrealised Gain on Cash and Cash Equivalents outside Common Investment Fund

Gain on Investments - Common Investment Fund Unrealised Gain - Common Investment Fund

1,030,716 994,572 470,238 36,144

272 -

97,413 - 90,151 -

1,688,790 1,030,716 Transfer to Income Account (77,837) - Balance at 31 December 1,610,953 1,030,716

Income and Expenditure for the year ended 31 December 2010

2010 2009 Note £ £

INCOME

Investment Income 6 26,481 48,348 Loan, Bank and Notional Interest 9 3,068 Foreign Exchange Gain - 53

26,490 51,469

EXPENDITURE

Grants and Subsidies Payments 7 20,979 32,238 Supplies and Services 8 2,654 346 Administrative Expenses 9 - 569 Foreign Exchange Loss 110

23,743 33,153 NET INCOME 2,747 18,316

INCOME ACCOUNT

Balance at 1 January 556,626 538,310 Net Income 2,747 18,316 Transfer from Captial Account 77,837 -

Balance at 31 December 637,210 556,626

Note

1 Basis of Accounts

These financial statements have been prepared from the information made available by the Treasury and Resources Department and are stated on an accruals basis for 2010 with assets shown at market value. In 2009 the financial statements were prepared on a receipts and payments basis with the assets shown at book cost. The 2009 figures have not been restated.

2 Investments

The fund joined the Common Investment Fund (CIF) on 1 July 2010. The Fund has invested in line with its Investment Strategy and the allocation of assets is shown in the pie chart below.

2010

Opening

(Book Sale Unrealised 2010 Closing Investment Holdings Cost) Purchases Proceeds Gains Gains Market Value

Units in Equity Pools

Units in Government Bond Pool Units in Corporate Bond Pools Units in Cash and Cash Equivalents Pool

Total Units held in CIF

Cash and Cash Equivalents

outside CIF

Quoted Investments outside CIF

- 1,600,858 (848,372) 97,414 64,608 914,508

- 307,026 - - 21,418 328,444

- 203,625 - - 1,414 205,039

- 1,168,864 (387,561) 272 2,711 784,286

1,100,000 405,014

3,280,373 -

(1,235,933)

(1,100,113) (875,139)

97,686

113 470,125

90,151

- -

2,232,277

- -

1,505,014

3,280,373

(3,211,185)

567,924

90,151

2,232,277

Investments are recorded in these financial statements for 2010 at market value, in 2009 the financial statements are recorded at book cost, the market value as at 31 December 2009 was £1,957,974.

In 2010 total realised gains on investment of £567,813 were received from the CIF (£97,686), Royal London Asset Management (£113) and Northern Trust (£470,125) on the sale of the assets.

Note

3 Cash 2010 2009

£ £

Royal Bank of Scotland 15,533 77,728 Northern Trust Brokers account 1,979 4,600

17,512 82,328

As at 31 December 2010 cash was deposited by the States of Jersey cash managers, Royal London Asset Management, at Royal Bank of Scotland.

As at 31 December 2010 cash was held by the States of Jersey custodians in a brokers account.

4 Current Assets 2010 2009

£ £

Grants paid in advance 968 -

Grants are paid monthly in advance. The grants paid in advance are for January 2011. The payments were authorised in December 2010 to ensure payment on time in January 2011.

There are no debtors or prepayments in advance for 2009 as the accounts were prepared on a receipts and payments basis.

5 Current Liabilities 2010 2009

£ £

Creditors 283 - Cash owed to The States of Jersey 2,311 - 2,594 -

Creditors include unpaid custodian fees and management fees for services provided in 2010

Note

6 Investment Income 2010 2009

£ £

Investment income 26,481 48,348

26,481

48,348

Investment income is the amount earned on investments held in 2010 prior to entry into the CIF

Income and expenditure relating to the CIF, and realised and unrealised gains and losses on investments, are all accounted for within the pools. This is shown in the fund as a gain or loss on Investments. Gains and losses are recognised initially in the Capital Account. In order to ensure that the Fund continues to have distributable funds, the CIF income and expenditure, and the attributable elements of the CIF gains and losses, have been transferred from the Capital Account to the Income Account at the end of the year.

Net CIF income attributable to the Ann Alice Rayner Fund 2010

Income 22,332 Expenditure (2,496)

19,836 Realised and unrealised gains and losses 58,001 Transfer from Capital to Income Account 77,837

7 Grants and Subsidies Payments 2010 2009

£ £

Grants Paid 20,979 32,238

During the year the Fund paid grants totalling £20,979 including an additional grant of £125 per person for the Christmas Bonus which was paid in December 2010. Eleven months of grants payments are shown in 2010. As grants are paid monthly in advance the January 2010 grants have been shown in the 2009 financial statements.

Note

8 Supplies and Services 2010 2009

£ £

Advisory Fees 1,568 - Management Fees 514 346 Custodian Fees 572 - 2,654 346

Advisory fees relate to advice received from Hewitt Associates Limited on the Fund's investment in the States of Jersey CIF.

Management fees are for charges levied by Royal London Asset Management, the States of Jersey cash managers.

Custodian fees are charged by Northern Trust for the custody of assets held on behalf of the States of Jersey. 9 Administrative Expenses 2010 2009

£ £

Other Administrative Costs - 569

In 2009 Custodian Fees were classified as Other Administrative Costs. In 2010 these costs are shown in Supplies and Services.

A H FERGUSON BEQUEST

A H FERGUSON BEQUEST ADMINISTRATION

History

This bequest was made to the former Public Health Committee of the States of Jersey for the benefit of the Intensive Care Unit at the Jersey General Hospital by the late Alexander Hugh Ferguson.

Administration

The Fund is administered by the Department for Health and Social Services in accordance with the Department's policy on charitable funds and authorisation limits contained therein. The administration of this Fund will be subject to oversight by a delegation of appropriately nominated individuals.

The Fund's cash and investments are administered by the Minister for Treasury and Resources.

Note 2010 2009

£ £

FUNDS EMPLOYED:

CAPITAL ACCOUNT 5,279 5,279 INCOME ACCOUNT 189,747 183,831

195,026 189,110

REPRESENTED BY:

Investments (at cost) 2 109,079 109,079 Cash 3 85,947 80,031

195,026 189,110

Income and Expenditure for the year ended 31 December 2010

Note 2010 2009

£ £

INCOME

Investment Income 6,902 6,790 Loan, Bank and Notional Interest 381 336

7,283 7,126

EXPENDITURE

Supplies and Services 4 1,367 - Administrative Expenses 5 - 513

1,367 513 NET INCOME FOR THE YEAR 5,916 6,613

INCOME ACCOUNT

Balance at 1 January 183,831 177,218 Net Income for the Year 5,916 6,613

Balance at 31 December 189,747 183,831

Notes to the Financial Statements for the year ended 31 December 2010

Note

Basis of accounting

These financial statements have been prepared from the information made available by the Health and Social Services Department and are stated on a receipts and payments basis.

Investments (at cost) 2010 2009

£ £

Equities - United Kingdom 10,288 10,288 Corporate Bonds - Overseas 98,791 98,791

109,079 109,079

Investments are shown in these financial statements at cost. The market value of Equities - United Kingdom £21,849 [2009 : £23,241) and Corporate Bonds Overseas £101,940 [2009 : £102,576] a total market value of £123,789 [2009 : £125,817] are taken at the prices at the year end depending on the convention of the Stock Exchange on which they are quoted.

Cash 2010 2009

£ £

Northern Trust Brokers Account - 250 Royal Bank of Scotland 42,929 - Banco Santander 42,932 - Special Funds Pooled Account 86 79,781

85,947 80,031

In 2010 cash held in the Special Funds Pooled Account on fixed deposit at BNP Paribas Jersey was transferred to the States of Jersey cash managers Royal London Asset Management and is held on deposit with Royal Bank of Scotland and Santander.

Notes to the Financial Statements for the year ended 31 December 2010

Note

Supplies and Services 2010 2009

£ £

Investment Advisory Fees 975 - Custodian Fees 392 - 1,367 -

In December 2010 funds were moved from Northern Trust to the States of Jersey cash managers Royal London Asset Management after investment advice was sought from Hewitt Associates Limited. Their fees are reflected above. The Northern Trust custodian fees prior to December 2010 are also reflected above.

Administative Expenses 2010 2009

£ £

Custodian Fees - 513

In 2009 cash and investments were held with custodians Northern Trust and fees were coded to Other Administrative Costs. In December 2010 these assets were moved to the States of Jersey cash managers Royal London Asset Management.

Grants and Subsidies Payments

The Fund was established for the benefit of the Intensive Care Unit at the General Hospital, Jersey. During 2010 and 2009 no grants were made from the Fund.

C W C STEVENS FUND

C W C STEVENS FUND ADMINISTRATION

History

The Fund was established under the will of the late Charles William Cardigan Stevens. Assets were bequethed to the Education Committee of the States of Jersey to be used at the sole discretion of the Committee to give assistance either financially or in kind to boys and girls whether born in Jersey or born in England and educated in Jersey for a minimum period of ten years who had been accepted into any of the Colleges of Oxford University.

Administration

The Fund is administered by the Department for Education, Sport and Culture and decisions in respect of awarding grants are collated by a Student Finance Officer and approved by the Head of Careers and Work Related Learning.

Applications should be addressed to the Student Finance Officer, Department for Education, Sport and Culture, PO Box 55, Philip Le Feuvre House, La Motte Street, St Helier, Jersey, JE4 8PE.

Note 2010 2009

£ £

FUNDS EMPLOYED:

INCOME ACCOUNT 134,357 142,837 134,357 142,837

REPRESENTED BY:

Other Investments (at cost) 2 100,000 - Cash 3 34,357 142,837

134,357 142,837

Income and Expenditure for the year ended 31 December 2010

Note

INCOME

Investment Income

Loan, Bank and Notional Interest

2010 2009

£ £

501 684

529 684

EXPENDITURE

Other Operating Expenses 9 - Grants and Subsidies Payments 4 9,000 11,250

9,009 11,250 NET EXPENDITURE FOR THE YEAR (8,480) (10,566)

INCOME ACCOUNT

Balance at 1 January 142,837 153,403 Net (Expenditure) for the Year (8,480) (10,566)

Balance at 31 December 134,357 142,837

Notes to the Financial Statements for the year ended 31 December 2010

Note

Basis of accounting

These financial statements have been prepared from the information made available by the Education, Sport and Culture Department and are stated on a receipts and payments basis.

Other Investments (at cost)

Market Book Value Book Value Value 31 31 Dec 2009 Purchases Sales 31 Dec 2010 Dec 2010

£ £ £ £ £

Certificates of

deposit - 100,000 - 100,000 100,154

Other Investments are recorded in these Financial Statements at their book value. The market value is shown in this note for information.

Cash 2010 2009

£ £

Royal London Asset Management 33,607 142,837 Special Funds BNP pooled Account 750 -

34,357 142,837

Cash held in the Special Funds Pooled account is held at BNP Jersey and is pooled with other special funds administered by the States of Jersey. In 2011 the money was repaid by the special funds account into Royal London Asset Management.

Notes to the Financial Statements for the year ended 31 December 2010

Note

Grants and Subsidies Payments 2010 2009

£ £

Grants Paid 9,000 11,250

During the year grants were made to give assistance either financially or in kind to boys and girls whether born in Jersey or having lived and been educated in Jersey for a minimum of ten years who were accepted and entered into any of the colleges of Oxford University.

CREMATORIUM MEMORIAL FUND

History

This Fund was established by Public Health Committee Act No. 13, dated 14th September 1988, as many visitors of the Crematorium have expressed a wish to make a contribution towards the Crematorium. The Committee decided that a Donations Book should be provided at the Crematorium which would record donations received and the donations could then be spent on amenities, rose trees, seats, etc. to enhance the grounds of the Crematorium.

Administration

The Fund's cash is administered by the Department for Treasury and Resources.

Note 2010 2009

£ £

FUNDS EMPLOYED

INCOME ACCOUNT 17,267 20,605 17,267 20,605

REPRESENTED BY:

Cash 2 17,267 20,605 17,267 20,605

Income and Expenditure for the year ended 31 December 2010

Note

INCOME

Loan, Bank and Notional Interest Other Income

2010 2009

£ £

96 91

1,126 1,254

TOTAL INCOME FOR THE YEAR 1,222 1,345 EXPENDITURE

Grants and Subsidies Payments

NET (EXPENDITURE)/INCOME FOR THE YEAR

3 4,560 4,560

(3,338)

469 469

876

INCOME ACCOUNT

Balance at 1 January 20,605 19,729 Net (Expenditure)/Income for the Year (3,338) 876

Balance at 31 December 17,267 20,605

CREMATORIUM MEMORIAL FUND

Notes to the Financial Statements for the year ended 31 December 2010

Note

Basis of accounting

These financial statements have been prepared from the information made available by the Health and Social Services Department and are stated on a receipts and payments basis.

Cash 2010 2009

£ £

Special Funds Pooled Account 17,267 20,605

Cash held in the Special Funds Pooled Account is held on fixed deposit at BNP Jersey and is pooled with other special funds administered by the States of Jersey.

Grants and Subsidies Payments 2010 2009

£ £

Grants 4,560 469

The Grant paid in 2010 represent payments on behalf of improvements to the general upkeep of the Crematorium buildings and grounds.

CRITICAL CARE UNIT

CRITICAL CARE UNIT ADMINISTRATION

History

The Critical Care Unit was established in order to receive donations made to the Department of Health and Social Services for the benefit of the Critical Care Unit at the General Hospital, Gloucester Street, St Helier, Jersey.

Donations are received from families and friends of families whose relatives have benefited from the specialist care given by the doctors and nurses in the Unit, and from the general public.

This Fund is utilised to provide equipment for the Unit, to finance training of nursing staff working in the Unit and for other purposes benefiting the Critical Care Unit.

Administration

The Fund's cash is administered by the Department for Treasury and Resources.

Balance Sheet as at 31 December 2010

Note 2010 2009

£ £

FUNDS EMPLOYED:

INCOME ACCOUNT 21,282 19,006 21,282 19,006

REPRESENTED BY:

Cash 2 21,282 19,006 21,282 19,006

Income and Expenditure for the year ended 31 December 2010

Note 2010 2009

£ £

INCOME

Loan, Bank and Notional Interest 97 79 Other Income 3 2,631 3,700 2,728 3,779

EXPENDITURE

Other Operating Expenses 4 - 10,015 Subsidies and Grants Payments 5 452 -

452 10,015

NET INCOME /( EXPENDITURE) FOR THE YEAR 2,276 (6,236)

INCOME ACCOUNT

Balance at 1 January 19,006 25,242 Net Income /(Expenditure) for the Year 2,276 (6,236)

Balance at 31 December 21,282 19,006

Note

Basis of accounting

These financial statements have been prepared from the information made available by the Department for Health and Social Services and are stated on a receipts and payments basis.

Cash 2010 2009

£ £

Special Funds Pooled Account 21,282 19,006

Cash held in the Special Funds Pooled Account is held at BNP Jersey and is pooled with other special funds administered by the States of Jersey.

Other Income 2010 2009

£ £

Miscellaneous Income - 3,700 Donations 2,631 -

2,631 3,700

During 2010 donations were received from various members of the public including £1,346 from RBC Wealth Management. In 2009 donations were recorded as miscellaneous income, however, in 2010 these are now shown as donations.

Other Operating Expenses 2010 2009

£ £

Miscellaneous Expenditure - 10,015

In 2009 grants were recognised as miscellaneous expenditure, however, in 2010 these are now shown as grants.

Note

Grants and Subsidies Payments 2010 2009

£ £

Grants 452 -

During the year the Critical Care Unit fund issued a grant to the Department of Health and Social Services for new flooring to be laid in the Marinel Ward Rest Room.

DENYS LE FEBVRE TRUST

DENYS LE FEBVRE TRUST ADMINISTRATION

History

The Will of the late Denys Le Febvre provided for the establishment of the Denys Le Febvre Trust. This Fund provides financial assistance in the training of two boys born of Jersey parents, studying at Victoria College for entry as cadets into the British Navy and the British Air Force respectively.

Administration

The Fund is administered by the Education, Sport and Culture Department under the oversight of three Trustees as nominated in the Will.

Balance Sheet as at 31 December 2010

Note 2010 2009

£ £

FUNDS EMPLOYED:

CAPITAL ACCOUNT 17,073 17,073 INCOME ACCOUNT 2 (1,090) 5,651 15,983 22,724

REPRESENTED BY:

Cash 3 15,983 22,724 15,983 22,724

Income and Expenditure for the year ended 31 December 2010

Note 2010 2009

£ £

INCOME

Loan, Bank and Notional Interest 89 115

89 115

EXPENDITURE

Other Operating Expenses 4 - 5,366 Grants and Subsidies Payments 5 6,830 -

6,830 5,366 NET EXPENDITURE FOR THE YEAR (6,741) (5,251)

INCOME ACCOUNT

Balance at 1 January 5,651 10,902 Net Expenditure for the Year (6,741) (5,251)

Balance at 31 December (1,090) 5,651

Notes to the Financial Statements for the year ended 31 December 2010

Note

Basis of accounting

These financial statements have been prepared from the information made available by Education, Sport and Culture Department and stated on a receipts and payments basis.

Income Account

During 2010 the Trustees over-distributed the Fund. This will be reimbursed in 2011.

Cash 2010 2009

£ £

Special Funds Pooled Account 15,983 22,724

Cash held in the Special Funds Pooled Account is held at BNP Jersey and is pooled with other special funds administered by the States of Jersey.

Other Operating Expenses 2010 2009

£ £

Miscellaneous Expenditure - 5,366

In 2009 grants paid were reported in 'Other Operating Expenses' as 'Miscellaneous Exenditure.' In 2010 grants paid are reported as 'Grants and Subsidies Payments.'

Grants and Subsidies Payments 2010 2009

£ £

Grants Paid 6,830 -

The grants paid during the year were made in relation to expenses incurred for tuition fees at Victoria College, Jersey.

ECOLOGY FUND

ECOLOGY FUND ADMINISTRATION

History

The Fund was created following a resolution by the States to approve the establishment of an Ecology Fund the interest from the investment of which would be available for use by the Trustees to grant aid wholly or partially for any activity designed to promote or protect the environment or ecology of Jersey.

Administration

The Fund is administered by the Planning and Environment Department, under the oversight of five Trustees appointed by the States on the nomination of the Planning and Environment Minister.

Balance Sheet for the year ended 31 December 2010

Note 2010 2009

£ £

FUNDS EMPLOYED:

CAPITAL ACCOUNT 344,592 344,592 INCOME ACCOUNT 37,539 36,772

382,131 381,364

REPRESENTED BY:

Investments 2 300,000 - Cash 3 83,230 381,364 Cash advanced from the Special Fund Pool 4 (1,099) -

382,131 381,364

Income and Expenditure for the year to 31 December 2010

Note

INCOME

Investment Income

Loan, Bank and Notional Interest

EXPENDITURE

Loan, Bank and Notional Interest

Supplies and Services 5 Grants and Subsidies Payments 6

2010 2009

£ £

2,470 179

- 1,692

2,470 1,871

18 -

279 -

1,406 17,295

1,703 17,295 NET INCOME / (EXPENDITURE) FOR THE YEAR 767 (15,424)

INCOME ACCOUNT

Balance at 1 January 36,772 52,196 Net Income / (Expenditure) for the Year 767 (15,424)

Balance at 31 December 37,539 36,772

Notes to the Financial Statement for the year 31 December 2010

Note

Basis of accounting

These financial statements have been from the information made available by the Planning and Environment Department and have been prepared on a receipts and payments basis.

Investments 2010 2009

£ £

Certificates of Deposit 300,000 -

During the year the Fund's cash managers invested in certificates of deposits. These investments are recorded in these financial statements at their book value. The market value of these investments as at the 31st December 2010 was £300,808 is shown in this note for information.

Cash 2010 2009

£ £

Royal Bank of Scotland 83,230 381,364

As at 31 December 2010 cash was deposited by the States of Jersey cash managers, Royal London Asset Management, at Royal Bank of Scotland.

Cash advanced from the Special Fund Pool 2010 2009

£ £

Cash advanced from the Special Fund Pool 1,099 -

Supplies and Services 2010 2009

£ £

Management Fees 279 -

During the year the Fund paid management fees for cash management services to Royal London Asset Management.

Notes to the Financial Statement for the year 31 December 2010

Note

Grants and Subsidies Payments 2010 2009

£ £

Grants paid 1,406 17,295

During the year grants were made by the trustees to aid wholly or partially activities designed to promote or protect the environment or ecology of Jersey.

ELIZABETH KATE ROBERT

ELIZABETH KATE ROBERT ADMINISTRATION

History

This Fund was established under the will of the late Elizabeth Kate Robert.

Assets were bequeathed to the Health and Social Services Committee of the States of Jersey for the purpose of the provision of medical and surgical equipment for the benefit of patients at the General Hospital in St Helier, Jersey.

Administration

Balance Sheet as at 31 December 2010

Note 2010 2009

£ £

FUNDS EMPLOYED:

INCOME ACCOUNT 7,660 59,123 7,660 59,123

REPRESENTED BY:

Cash 2 7,660 59,123 7,660 59,123

Income and Expenditure for the year ended 31 December 2010

Note 2010 2009

£ £

INCOME

Loan, Bank and Notional Interest 78 265

78 265

EXPENDITURE

Grants and Subsidies Payments 3 51,541 -

51,541 - NET (EXPENDITURE)/INCOME FOR THE YEAR (51,463) 265

INCOME ACCOUNT

Balance at 1 January 59,123 58,858 Net (Expenditure)/Income for the Year (51,463) 265

Balance at 31 December 7,660 59,123

Notes to the Financial Statements for the year ended 31 December 2010

Note

Basis of accounting

These financial statements have been prepared from the information made available by the Health and Social Services Department and have been prepared on a receipts and payments basis.

Cash 2010 2009

£ £

Special Funds Pooled Account 7,660 59,123

Cash held in the Special Funds Pooled Account is held at BNP Paribas Jersey and is pooled with other special funds administered by the States of Jersey.

Grants and Subsidies Payments 2010 2009

£ £

Grants 51,541 -

In 2010 grants were made to the Health and Social Services department to fund a range of medical and surgical equipment. The grants was in accordance with the purpose of the fund.

ESTATE MRS M COLLIN

ADMINISTRATION History

In November 1996, the Health & Social Services Committee received a bequest from the estate of the late Mrs. Marguerite Marie Collin, who specifically requested that the money be used to improve the comfort and leisure facilities of the nursing staff at Overdale Hospital.

Administration

The Fund's cash is administered by the Minister for Treasury and Resources.

Balance Sheet as at 31 December 2010

Note 2010 2009

£ £

FUNDS EMPLOYED:

INCOME ACCOUNT 19,610 18,784 19,610 18,784

REPRESENTED BY:

Cash 2 19,610 18,784 19,610 18,784

Income and Expenditure for the year ended 31 December 2010

Note

INCOME

Loan, Bank and Notional Interest Other Income

2010 2009

£ £

96 101

730 -

826 101

EXPENDITURE

Other Operating Expenses 3 - 8,571

- 8,571

NET INCOME/(EXPENDITURE) FOR THE YEAR 826 (8,470)

INCOME ACCOUNT

Balance at 1 January 18,784 27,254 Net Income / (Expenditure) for the Year 826 (8,470)

Balance at 31 December 19,610 18,784

Notes to the Financial Statements for the year ended 31 December 2010

Note

Basis of accounting

These financial statements have been prepared from the information made available by the Health and Social Services Department and are stated on a receipts and payments basis.

Cash 2010 2009

£ £

Special Funds Pooled Account 19,610 18,784

Cash held in the Special Funds Pooled Account is held at BNP Paribas Jersey and is pooled with other special funds administered by the States of Jersey.

Other Operating Expenses 2010 2009

£ £

Miscellaneous Expenditure - 8,571

Payments made in 2009 were not in accordance with the purpose of the Fund. These monies will be reimbursed to the Fund in 2011.

ESTATE OF E J BAILHACHE

ADMINISTRATION

History

The Fund was created under the will of Eunice Jane Bailhache who left the residue of her estate to the States of Jersey. By a decision of the Finance and Economics Committee in 1985, the Fund was to be administered for the benefit of the Public Health Committee of the States of Jersey for the general welfare of persons elderly and/or blind or sick at the General Hospital' in accordance with the wishes of the late Mrs Bailhache .

Administration

The Fund is administered by the Department for Health and Social Services.

Balance Sheet as at 31 December 2010

Note 2010 2009

£ £

FUNDS EMPLOYED:

Capital Account 205,000 205,000 Donated Asset Reserve 790,000 790,000 Income Account 430,041 318,696

1,425,041 1,313,696

REPRESENTED BY:

Land and Buildings (at cost) 2 790,000 790,000 Cash 3 635,041 523,696

1,425,041 1,313,696

Income and Expenditure for the year ended 31 December 2010

Note 2010 2009

£ £

INCOME

Sale of Services 4 2,317 2,587 Hire and Rentals 5 147,991 156,105 Investment Income 305 - Loan Bank and Notional Interest 2,228 2,059

152,841 160,751

EXPENDITURE

Supplies and Services 6 4,704 - Premises and Maintenance 7 16,903 17,139 Other Operating Expenditure 14 (1,140) Grants and Subsidies Payments 8 19,875 63,180

41,496 79,179 NET INCOME FOR THE YEAR 111,345 81,572

INCOME ACCOUNT

Balance at 1 January 318,696 237,124 Net Income for the Year 111,345 81,572

Balance at 31 December 430,041 318,696

Capital Account as at 31 December 2010

2010 2009

£ £

Balance at 1 January 205,000 995,000 Transfer to Donated Asset Reserve - (790,000)

Balance at 31 December 205,000 205,000

Notes to the Financial Statements for the year ended 31 December 2010

Note

1 Basis of accounting

These financial statements have been prepared from the information made available by the Health and Social Services Department and are stated on a receipts and payments basis.

2 Land and Buildings (at Cost)

2010 2010 2009 Market

Properties Value Book Cost Book Cost

£ £ £

Annex, Le Chatelet Annexe 90,000 25,650 25,650 Flat 1, Le Chatelet Annexe 140,000 30,780 30,780 Flat 2, Le Chatelet Annexe 130,000 28,214 28,214 52 Don Street - Residential 450,000 84,643 84,643 52 Don Street - Retail 210,000 51,298 51,298 Flats 1 & 2, 10 Grosvenor Terrace 350,000 76,948 76,948 Flats 3 & 4, 10 Grosvenor Terrace 400,000 89,773 89,773 14 & 16 Burrard Street - Residential 370,000 74,383 74,383 12 Burrard Street, St Helier - Retail 64,000 17,954 17,954 14 & 16 Burrard Street - Retail 337,000 79,513 79,513 Astoria Lodge, St Helier 440,000 89,773 89,773 Astoria House & Flat, St Helier 670,000 141,071 141,071

3,651,000 790,000 790,000

The properties are included in these financial statements at their book cost. They were valued by an external valuer, Drivers Jonas, as at 31 December 2010 and were valued at £3,651,000. (The land was valued at £1,505,000 and buildings at £2,146,000).

Notes to the Financial Statements for the year ended 31 December 2010

Note

3 Cash 2010 2009

£ £

BNP Paribas, Jersey - 508,163 Royal Bank of Scotland 321,104 - Banco Santander 309,107 - Special Funds Pooled Account 4,830 15,533

635,041 523,696

In 2010 cash held on fixed deposit at BNP Paribas Jersey was transferred to the States of Jersey cash managers Royal London Asset Management and is held on deposit with Royal Bank of Scotland and Santander.

4 Sale of Services 2010 2009

£ £

Utilities 2,317 2,587 During the year the Estate was reimbursed by tenants for utilities expenses paid.

5 Hire and Rentals 2010 2009

£ £

Property Rentals 147,991 156,105 During the year the Estate received rental income from the tenanted properties it owns.

6 Supplies and Services 2010 2009

£ £

Investment Advisory Fees 975 - Management Fees 3,729 - 4,704 -

Notes to the Financial Statements for the year ended 31 December 2010

Note

7 Premises and Maintenance 2010 2009

£ £

Building Maintenance 13,152 11,343 Electricity 542 592 Water 2,414 2,563 Rates 795 2,641

16,903 17,139

8 Grants and Subsidies Payments 2010 2009

£ £

Grants Paid 19,875 63,181

The grants paid during the year were made in relation to expenses incurred for specialist treatment of patients of the General Hospital, St Helier, Jersey.

ESTATE OF MRS M E T WARREN

ESTATE OF MRS M E T WARREN ADMINISTRATION

History

This Fund was established under the will of the late Mrs Marie Elizabeth Therese Warr en.

A donation of £25,000 was bequeathed to the Coronary Care Unit at the General Hospital, St Helier, Jersey.

Administration

Balance Sheet as at 31 December 2010

Note 2010 2009

£ £

FUNDS EMPLOYED:

INCOME ACCOUNT 44,952 44,730 44,952 44,730

REPRESENTED BY:

Cash 2 44,952 44,730 44,952 44,730

Income and Expenditure for the year ended 31 December 2010

2010 2009

£ £

INCOME

Loan, Bank and Notional Interest 222 200 NET INCOME FOR THE YEAR 222 200

INCOME ACCOUNT

Balance at 1 January 44,730 44,530 Net Income for the Year 222 200

Balance at 31 December 44,952 44,730

Notes to the Financial Statements for the year ended 31 December 2010

Note

Basis of accounting

These financial statements have been prepared from the information made available by the Health and Social Services Department and are stated on a receipts and payments basis.

Cash 2010 2009

£ £

Special Funds Pooled Account 44,952 44,730

Cash held in the Special Funds Pooled Account is held at BNP Paribas Jersey and is pooled with other special funds administered by the States of Jersey.

ESTATE OF MRS M O'MEARA

ADMINISTRATION

History

This Fund was established under the will of the late Mrs Nellie Winifred Miriam O'Meara.

Assets were bequeathed for the benefit and use of the Health and Social Services Committee of the States of Jersey at the General Hospital in St Helier, Jersey and for the sole and specific purpose of the cardiac unit.

Administration

Balance Sheet as at 31 December 2010

Note 2010 2009

£ £

FUNDS EMPLOYED:

INCOME ACCOUNT 32,503 32,342 32,503 32,342

REPRESENTED BY:

Cash 2 32,503 32,342 32,503 32,342

Income and Expenditure for the year ended 31 December 2010

2010 2009

£ £

INCOME

Loan, Bank and Notional Interest 161 145 NET INCOME FOR THE YEAR 161 145

INCOME ACCOUNT

Balance at 1 January 32,342 32,197 Net Income for the Year 161 145

Balance at 31 December 32,503 32,342

Notes to the Financial Statements for the year ended 31 December 2010

Note

Basis of accounting

These financial statements have been prepared from the information made available by the Health and Social Services Department and are stated on a receipts and payments basis.

Cash 2010 2009

£ £

Special Funds Pooled Account 32,503 32,342

Cash held in the Special Funds Pooled Account is held at BNP Paribas Jersey and is pooled with other special funds administered by the States of Jersey.

GLADYS ROSE BISSON

ADMINISTRATION History

This fund was established under the will of the late Miss Gladys Rose Bisson in 2006. Moneys were bequeathed to the Department of Health & Social Services to be used for the benefit of Cedar Ward , at St. Saviour 's Hospital.

Administration

The Fund is administered by the Department for Health and Social Services in accordance with the Department's policy on charitable funds and authorisation limits contained therein.

The Fund's cash is administered by the Department for Treasury and Resources.

Balance Sheet as at 31 December 2010

Note 2010 2009

£ £

FUNDS EMPLOYED:

INCOME ACCOUNT 40,451 40,252 40,451 40,252

REPRESENTED BY:

Cash 2 40,451 40,252 40,451 40,252

Income and Expenditure for the year ended 31 December 2010

Note 2010 2009

£ £

INCOME

Loan, Bank and Notional Interest 199 194

199 194

EXPENDITURE

Grants and Subsidy Payments 3 - 6,203

- 6,203

NET INCOME / (EXPENDITURE) FOR THE YEAR 199 (6,009)

INCOME ACCOUNT

Balance at 1 January 40,252 46,261 Net Income / (Expenditure) for the Year 199 (6,009)

Balance at 31 December 40,451 40,252

Notes to the Financial Statements for the year ended 31 December 2010

Note

Basis of accounting

These financial statements have been prepared from the information made available by the Health and Social Services Department and are stated on a receipts and payments basis.

Cash 2010 2009

£ £

Special Funds Pooled Account 40,451 40,252

Cash held in the Special Funds Pool Account is held on fixed deposit at BNP Jersey and is pooled with other special funds administered by the States of Jersey.

Grants and Subsidy Payments 2010 2009

£ £

Grants paid - 6,203 During 2009 Grants were made for the benefit of Cedar Ward , at St Saviour's Hospital.

GOSH ASSISTANCE FUND

This Fund was set up in 2006 with funds raised by the G.O.S.H. Appeal Fund. The funds raised exceeded the target and thus some monies were transferred to create this assistance fund. The terms of the appeal allows for a) assisting of persons resident in the Island of Jersey in meeting the expenses of travelling to and attending Great Ormond Street Hospital for Children ("the Hospital") for the purposes of receiving treatment thereat; b) improvement of conditions for persons referred to in (a) above by assisting their family and friends (resident in the Island of Jersey) who are in financial need to accompany such persons whilst travelling to or attending the Hospital or to make visits to such persons whilst such persons are attending the Hospital.

Administration

The Fund's cash is administered by the Minister for Treasury and Resources.

Balance Sheet as at 31 December 2010

Note 2010 2009

£ £

FUNDS EMPLOYED:

INCOME ACCOUNT 47,012 47,753 47,012 47,753

REPRESENTED BY:

Cash 2 47,012 47,753 47,012 47,753

Income and Expenditure for the year ended 31 December 2010

Note 2010 2009

£ £

INCOME

Loan, Bank and Notional Interest 234 216

234 216

EXPENDITURE

Grants and Subsidies Payments 3 975 454

975 454

NET (EXPENDITURE) FOR THE YEAR (741) (238)

INCOME ACCOUNT

Balance at 1 January 47,753 47,991 Net (Expenditure) for the Year (741) (238)

Balance at 31 December 47,012 47,753

Notes to the Financial Statements for the year ended 31 December 2010

Note

Basis of accounting

These financial statements have been prepared from the information made available by the Health and Social Services Department and are stated on a receipts and payments basis.

Cash 2010 2009

£ £

Special Funds Pooled Account 47,012 47,753

Cash held in the Special Funds Pooled Account is held at BNP Paribas Jersey and is pooled with other special funds administered by the States of Jersey.

Grants and Subsidies Payments 2010 2009

£ £

Grants 975 454

Various grants paid in 2010 and 2009 were to fund travel and subsistence costs for families of patients travelling to Great Ormond Street Hospital. These were paid in accordance with the purpose of the Fund.

GREVILLE BATHE FUND

GREVILLE BATHE FUND ADMINISTRATION

History

The will of the late Greville Inverness Bathe provided for the establishment of a fund to be known as the Greville Bathe Fund.

This Fund provides relief and pensions to persons in need who have given service in an honorary or remunerated administrative or clerical capacity to the Island or relief to sick and aged persons of either sex.

Administration

The Fund is administered by the Treasury and Resources Department under the oversight of a Delegation of four Jurats of the Royal Court selected by the States of Jersey.

Balance Sheet as at 31 December 2010

2010 2009 Note £ £

FUNDS EMPLOYED:

CAPITAL ACCOUNT 10,048,355 9,515,931 INCOME ACCOUNT 2,154,230 2,100,574

12,202,585 11,616,505

REPRESENTED BY:

Other Investments 2 12,171,659 11,150,000 Cash 3 23,537 466,505 Current Assets 4 8,463 - Current Liabilities 5 (1,074) -

12,202,585 11,616,505

GREVILLE BATHE FUND

Capital Account for the year ended 31 December 2010

2010 2009

£ £

Balance brought forward

Realised gain on investments outside Common Investment Fund

Unrealised Gain on Cash and Cash Equivalents outside Common Investment Fund

Gain on Investments - Common Investment Fund Unrealised Gain - Common Investment Fund

9,515,931 9,497,431 7,122 18,500

51 - 15,236 - 693,018 -

10,231,358 9,515,931 Transfer to Income Account (183,003) - Balance at 31 December 10,048,355 9,515,931

Income and Expenditure for the year ended 31 December 2010

2010 2009 Note £ £

INCOME

Investment Income 6 72,629 84,320 Loan, Bank and Notional Interest (9) 33,935 Other Income 100

72,620 118,355

EXPENDITURE

Grants and Subsidies Payments 7 193,647 306,640 Supplies and Services 8 8,230 3,336 Administrative Expenses 9 90 815

201,967 310,791 NET EXPENDITURE (129,347) (192,436)

INCOME ACCOUNT

Balance at 1 January 2,100,574 2,293,010 Net Expenditure (129,347) (192,436) Transfer from Capital Account 183,003 -

Balance at 31 December 2,154,230 2,100,574

Note

1 Basis of Accounts

These financial statements have been prepared from the information made available by the Treasury and Resources Department and are stated on an accruals basis for 2010 with assets stated at market value. In 2009 the financial statements were prepared on a receipts and payments basis with the assets shown at book cost. The 2009 figures have not been restated.

2 Other Investments

The fund joined the Common Investment Fund (CIF) on 1 July 2010. The Fund has invested in line with its Investment Strategy and the allocation of assets is shown below.

2010 2010 Closing Opening Sale Unrealised Market

Investment Holdings (Book Cost) Purchases Proceeds Gains Gain Value

Units in Equity Pools - 7,467,327 - - 569,322 8,036,649 Units in Government Bond Poo - 1,698,012 - - 118,451 1,816,463 Units in Corporate Bond Pools - 1,132,008 - - (5,002) 1,127,006 Units in Cash and Cash

Equivalents Pool - 11,363,354 (10,297,347) 15,236 10,247 1,091,490

Total Units held in CIF Cash and Cash Equivalents outside CIF

- 11,150,000	21,660,701 -	(10,297,347) (11,050,113)	15,236 113	693,018 51	12,071,608 100,051
11,150,000	21,660,701	(21,347,460)	15,349	693,069	12,171,659

Investments are recorded in these financial statements for 2010 at market value, in 2009 the financial statements were recorded at book cost. The market value as at 31 December 2009 was £11,177,230.

In 2010 total realised gains on investment of £22,358 were received from the CIF (£15,236) and Royal London Asset Management (£7,122).

3 Cash 2010 2009

£ £

Royal Bank of Scotland 23,537 466,505

As at 31 December 2010 cash was deposited by the States of Jersey cash managers, Royal London Asset Management, at Royal Bank of Scotland.

Note

4 Current Assets 2010 2009

£ £

Accrued Interest 363 - Grants paid in advance 8,100 - 8,463 -

Accrued interest owed by the States of Jersey cash managers, Royal London Asset Management.

Grants are paid monthly in advance. The grants paid in advance are for January 2011. The payments were authorised in December 2010 to ensure payment on time in January 2011.

There are no debtors or prepayment in advance for 2009 as the accounts were prepared on a receipts and payments basis.

5 Current Liabilities 2010 2009

£ £

Creditors 313 - GST Due 24 - Cash owed to The States of Jersey 737 - 1,074 -

Creditors included unpaid custodian fees and management fees for services provided in 2010.

There are no creditors or accruals for 2009 as the accounts were prepared on a receipts and payments basis.

6 Investment Income 2010 2009

£ £

Investment Income 72,629 84,320

72,629 84,320 Investment income is the amount earned on investments held in 2010 prior to entry into the CIF.

Note

6 Investment Income (continued)

Net CIF income attributable to the Greville Bathe Fund 2010

Income 92,505 Expenditure (14,197)

78,308 Realised and unrealised gains and losses 104,695 Transfer from Capital to Income Account 183,003

7 Grants and Subsidies Payments 2010 2009

£ £

Grants paid 193,647 306,640

During the year the Fund paid grants totalling £193,647 including an additional grant of £125 per person for the Christmas Bonus which was paid in December 2010. Eleven months of grants payments are shown in 2010. As grants are paid monthly in advance the January 2010 grants have been shown in the 2009 financial statements.

8 Supplies and Services 2010 2009

£ £

Investment Advisory Fees 2,108 - Management Fees 5,300 3,336 Custodian Fees 822 - 8,230 3,336

The advisory fees relate to advice received from Hewitt Associates Limited in advising on the Fund's investment in the States of Jersey CIF.

Management fees are charged by Royal London Asset Management for cash management of the funds held on behalf of the States of Jersey.

Custodian fees are charged by Northern Trust for the custody of assets held on behalf of the States of Jersey.

Note

9 Administrative Expenses 2010 2009

£ £

Other Operating Expenditure 90 815

During the year the fund paid expenses to provide lunches for the quarterly meetings. In 2009 Custodian Fees were classified as Other Administrative Costs. In 2010 these costs are shown in Supplies and Services.

ESTATE OF H E LE SEELLEUR

ADMINISTRATION

History

Harold Le Seelleur died on 22nd October 1996. In his will dated 28th December 1988 he bequeathed the reversionary ownership of 1 and 2 The Denes, Grève D'Azette, St. Clement, and the ten other separate buildings which formed the residue of his immoveable Estate, to the States of Jersey.

It was Mr. Le Seelleur's express wish that the States of Jersey should consult with the Executors of the Will upon the use of those properties with a particular view toward their use for the benefit of the aged, infirm and needy residents of the Island.

Administration

On agreeing to receive the bequest in 1997, the States also agreed to place the property portfolio in the administration of the Health and Social Services Committee.

Those properties, with the agreement of the Executors of Mr. Le Seelleur's Estate, are managed as a ring-fenced' portfolio as the Harold Le Seelleur Fund'. The Accounting Officer of Health and Social Services has sole responsibility for the administration of the Fund using rental and other receipts to manage, maintain or replace its property, with any surplus funds being used 'for the benefit of the aged, infirm and needy residents.'

The Fund is managed by the Health and Social Services Department.

Grants are made on the authority of the Chief Officer and the Finance Director.

Balance Sheet as at 31 December 2010

Note

FUNDS EMPLOYED: Capital Account Donated Asset Reserve Income Account

2010 2009

Restated

£ £

777,072 327,072 1,721,479 1,721,479 1,003,557 835,255

3,502,108 2,883,806

REPRESENTED BY:

Land and Buildings (at cost) 2 1,721,479 1,721,479 Investments (at cost) 3 1,550,000 600,000 Cash 4 230,629 562,327

3,502,108 2,883,806

Capital Account as at 31 December 2010

2010 2009

Restated

£ £

Balance at 1 January 327,072 2,007,072 Gain on sale of land and buildings 450,000 41,479 Transfer to Donated Asset Reserve - (1,980,000) Sale of Donated Assets (NBV) - 258,521

Balance at 31 December 777,072 327,072

Income and Expenditure for the year ended 31 December 2010

Note 2010 2009

£ £

INCOME

Sale of Services 732 1,271 Hire and Rentals 5 196,436 177,493 Investment Income 8,375 1,518 Loan, Bank and Notional Interest - 1,858 Other Income 6 1,131 151,382

206,674 333,522

EXPENDITURE

Loan, Bank and Notional Interest 130 - Supplies and Services 7 16,564 18,423 Premises and Maintenance 8 10,062 12,790 Other Operating Expenditure - 28 Grants and Subsidies Payments 9 11,616 -

38,372 31,241 NET INCOME FOR THE YEAR 168,302 302,281

INCOME ACCOUNT

Balance at 1 January 835,255 532,974 Net Income for the Year 168,302 302,281

Balance at 31 December 1,003,557 835,255

Note

1 Basis of accounting

These financial statements have been prepared from the information made available by the Health and Social Services Department and are stated on a receipts and payments basis.

Market

value Book Cost

2 Land and Buildings (at cost) 2010 2010 2009

£ £ £

9 Chevalier Road 290,000 77,045 77,045 Stonecot, Le Mont Millais 350,000 94,164 94,164 Oxford Road Workshop, 1 Oxford Road 400,000 128,405 128,405 La Pouclee Lodge Flat 1 La Pouquelaye 300,000 80,467 80,467 La Pouclee Lodge Flat 2, La Pouquelaye 270,000 73,618 73,618 Beau Sejour, Mont Millais 640,000 169,494 169,494 Claremont, Bagatelle Road 610,000 171,206 171,206 Flat 1 The Denes, Princess Place 130,000 37,237 37,237 Flat 2 The Denes, Princess Place 410,000 118,132 118,132 Flat 3 The Denes, Princess Place 410,000 118,132 118,132 Flat 4 The Denes, Princess Place 130,000 37,237 37,237 Le Boulevard Flats 1-6, La Grande Route des 2,160,000 616,342 616,342 Sablons

6,100,000 1,721,479 1,721,479

The properties are included in these financial statements at book cost. As at 31 December 2010, property was revalued by Drivers Jonas and is included in this note for information. Land is valued at £2,565,000 and buildings at £3,535,000. In 2009 it was agreed that the operational control of the property known as Sous L'Eglise be transferred from the Estate of H E Le Seelleur, administered by Health and Social Services, to Jersey Airport upon compensatory funds from the Airport. £450,000 was transferred in 2009 with the remaining £450,000 transferred in 2010 and is reflected as a gain in the 2010 accounts.

3 Investments (at cost) 2009 Purchases Sales 2010

£ £ £ £

Certificates of Deposits 600,000 4,600,000 (3,650,000) 1,550,000

Investments are shown in these financial statements at their book value. The market value of the investments is £1,550,259 and is taken at bid prices or last trade prices at the year end depending on the convention of the Stock Exchange on which they are quoted.

4 Cash 2010 2009

£ £

BNP Paribas, Jersey - 551,049 Royal Bank of Scotland 100,855 - Banco Santander 99,756 - HSBC, Jersey 30,018 7,205 Special Funds Pooled Account - 4,073

230,629

562,327

In 2010 cash held on fixed deposit at BNP Paribas Jersey was transferred to the States of Jersey's cash managers, Royal London Asset Management, and is held on deposit with Royal Bank of Scotland and Banco Santander.

5 Hire and Rentals 2010 2009

£ £

Property Rentals 196,436 177,493

In 2010 both Flat 2, La Pouclee and Flat 3, The Denes were vacant throughout the year. In accordance with the last will and testament of Harold E Le Seelleur, life tenants occupy both Flat 1 and Flat 4, The Denes and therefore no rental is received from these properties.

6 Other Income 2010 2009

£ £

Miscellaneous Income 1,131 151,382 Tenants are re-charged for gardening services to the Le Seelleur properties.

7 Supplies and Services 2010 2009

£ £

Hired Services 2,098 7,306 Investment Advisory Fees 975 - Surveyors Fees 1,653 - Estate Management Fees 10,822 10,925 Management Fees 1,016 192

16,564 18,423

Investment Advisory Fees relate to advice received from Aon Hewitt regarding the Estate's participation in the Common Investment Fund.

Surveyors Fees are in respect of works performed by Morris Architects in preparing the tender documents for the refurbishment of La Pouquelaye Lodge and 3 The Denes.

Estate Management Fees were levied at 6.25% of the rental income collected and were paid to the Estates protector, Mrs Pugsley.

Management Fees relate to charges by the Estate's cash managers, Royal London Asset Management.

8 Premises and Maintenance 2010 2009

£ £

Building Maintenance 4,651 7,780 Electricity 564 285 Water 1,698 1,553 Rates 3,149 3,172 10,062 12,790

Water rates for properties Le Boulevard Flats 1, 2, 3, 5 and 6 , No 2 The Denes and Claremont, Bagatelle Road have been paid directly by Health and Social Services during the year who have sought reimbursement from the tenants. The remaining water recharges are collected by Mrs Pugsley.

9 Grants and Subsidies Payments 2010 2009

£ £

Grants 11,616 - During 2010 two grants were made to the Caesarea Association totalling £11,616.

HERBERT BIDDER COPPARD

History

The Fund was established under the will of Herbert Bidder Coppard who died in Jersey on 20 September 2000.

The purpose of this Fund is for the specific benefit of patients at the General Hospital, St Helier, Jersey and has been used to finance the medical treatment of patients admitted in Jersey in need of specialist care and treatment.

Administration

The Fund's cash is administered by the Department for Treasury and Resources.

Balance Sheet as at 31 December 2010

Note 2010 2009

£ £

FUNDS EMPLOYED:

INCOME ACCOUNT 42,542 42,332 42,542 42,332

REPRESENTED BY:

Cash 2 42,542 42,332 42,542 42,332

Income and Expenditure for the year ended 31 December 2010

Note 2010 2009

£ £

INCOME

Loan, Bank and Notional Interest 210 304

210 304

EXPENDITURE

Grants and Subsidies Payments 3 - 74,765

- 74,765

NET INCOME/(EXPENDITURE) FOR THE YEAR 210 (74,461)

INCOME ACCOUNT

Balance at 1 January 42,332 116,793 Net Income/(Expenditure) for the Year 210 (74,461)

Balance at 31 December 42,542 42,332

Notes to the Financial Statements for the year ended 31 December 2010

Note

Basis of accounting

These financial statements have been prepared from the information made available by the Department for Health and Social Services and are stated on a receipts and payments basis.

Cash 2010 2009

£ £

Special Funds Pooled Account 42,542 42,332

Cash held in the Special Funds Pooled Account is held on fixed deposit at BNP Jersey and is pooled with other special funds administered by the States of Jersey.

Grants and Subsidies Payments 2010 2009

£ £

Grants Paid - 74,765

There were no grants paid, during the year by the Department, for Health and Social Services.

HIGHLANDS COLLEGE DONATIONS

HIGHLANDS COLLEGE DONATIONS ADMINISTRATION

History

The Fund was established from donations received by Highlands College, an insurance claim and from funds allocated to restore the historic organ in the Great Hall at Highlands College which is a Site of Special Interest.

The College Leadership Team, Governing Body Finance and Audit Committee for Highlands agreed the Fund should be used for the general benefit of Highlands College.

Administration

The Fund is administered by the Department for Education, Sport and Culture and decisions in respect of awarding grants are recommended by the Principal for Highlands College and approved by the College's Finance and Audit sub-Committee.

Balance Sheet as at 31 December 2010

Note 2010 2009

£ £

FUNDS EMPLOYED:

CAPITAL ACCOUNT 83,960 83,960 INCOME ACCOUNT (80,803) (31,244)

3,157 52,716

REPRESENTED BY:

Cash 2 3,157 52,716 3,157 52,716

Income and Expenditure for the year ended 31 December 2010

Note 2010 2009

£ £

INCOME

Loan, Bank and Notional Interest 185 236

185 236

EXPENDITURE

Grants and Subsidies Payments 3 49,744 -

49,744 - NET (EXPENDITURE)/INCOME FOR THE YEAR (49,559) 236

INCOME ACCOUNT

Balance at 1 January (31,244) (31,480) Net (Expenditure)/Income for the Year (49,559) 236

Balance at 31 December (80,803) (31,244)

Notes to the Financial Statements for the year ended 31 December 2010

Note

Basis of accounting

These financial statements have been prepared from the information made available by the Education, Sport and Culture Department and have been stated on a receipts and payments basis.

Cash 2010 2009

£ £

Special Fund Pooled Account 3,157 52,716

Cash held in the Special Funds Pooled Account is held at BNP Paribas Jersey and is pooled with other special funds administered by the States of Jersey.

Grants and Subsidies Payments 2010 2009

£ £ 49,744 -

Grants

During the year the Finance and Audit Committee for Highlands made grants to enable Highlands College, Jersey to create the University Centre study space in the Le Capelain Suite in the Turner Building and to cover related works.

JERSEY HAITI DISASTER APPEAL

JERSEY HAITI DISASTER APPEAL ADMINISTRATION

History

The Trust was established on 8th March 2010 in order to raise funds for the relief of poverty and suffering consequent to the Haiti earthquake disaster on, and following, 12th January 2010.

The Trustees agreed that the Appeal would close on 31st March 2011. The majority of the monies were distributed by way of Grant to three Charities in February/March 2011. It is the intention of the Trustees to hold a final meeting to close the Trust fund and it's accounting records.

Administration

The Fund is currently administered by six Trustees in accordance with the Trust declaration. The Trustees will apply funds raised by way of payment to such charitable body or bodies engaged in the relief of poverty and suffering in Haiti as the Trustees shall in their discretion think fit.

Balance Sheet as at 31 December 2010

Note 2010

FUNDS EMPLOYED:

INCOME ACCOUNT 196,318 196,318

REPRESENTED BY:

Cash 2 196,318 196,318

Income and Expenditure for the period ended 31 December 2010

Period ended December

2010 £

INCOME

Bank Interest 14 Donations 196,304

NET INCOME FOR THE YEAR 196,318

INCOME ACCOUNT

Balance at 1 January - Net Income for the Year 196,318

Balance at 31 December 196,318

Notes to the Financial Statements for the period ended 31 December 2010

Note

Basis of accounting

These financial statements have been prepared from the information made available by the Trustees of the Jersey Disaster Appeal and have been prepared on a receipts and payments basis.

Cash 2010 £

HSBC Deposit Account 196,298 Special Funds Pooled Account 20

196,318

Donations to the appeal were paid into a separate Deposit account held at HSBC. Cash held in the Special Funds Pooled Account is held at BNP Paribas Jersey and is pooled with other special funds administered by the States of Jersey.

JURAT STAMPS

JURAT STAMPS ADMINISTRATION

History

Jurat fees first came into effect with the Loi (1872) règlant les honoraires des Jurés- Justiciers. This law enabled the Jurats to receive payments which were similar to those receieved by the Bailiff . The fees were for the notarial part of the Jurats' work and were made directly to the Jurats themselves. It was not until the 1872 Law was repealed and replaced by the Loi (1938) sur les honoraires des Jurés-Justiciers that such payments ceased to be made in specie. The 1938 Law provided for stamps (commonly known as Jurats' stamps') to be issued by the Treasurer of the States and affixed to the relevant document as a discharge for the appropriate sum. The money from the sale of the stamps is divided equally between the Jurats.

The 1938 Law also set out a revised tariff which the States were empowered to vary by Regulations. That tariff remained unchanged (save for conversion to decimal currency) until 1st April 1980 when it was revised by Regulations. The tariff was revised again in 1989, 1996 and once more in 2007.

Administration

Jurats Stamps are purchased by Law firms from the Treasury Cashiers and the income is then distributed by the Treasury to the Jurats twice a year in January and July.

Balance Sheet as at 31 December 2010

Note 2010 2009

£ £

FUNDS EMPLOYED:

INCOME ACCOUNT 19,795 27,869 19,795 27,869

REPRESENTED BY:

Cash 2 19,795 27,869 19,795 27,869

Income and Expenditure for the year ended 31 December 2010

Note 2010 2009

£ £

INCOME

Other Income 3 42,500 51,229 42,500 51,229

EXPENDITURE

Other Operating Expenses 4 50,574 47,883

50,574 47,883

NET EXPENDITURE FOR THE YEAR (8,074) 3,346

ACCUMULATED RESERVE ACCOUNT

Balance at 1 January 27,869 24,523 Net (Expenditure) / Income for the Year (8,074) 3,346

Balance at 31 December 19,795 27,869

Notes to the Financial Statements for the year ended 31 December 2010

Note

Basis of accounting

These financial statements have been prepared on a receipts and payments basis.

Cash 2010 2009

£ £

Special Funds Pooled Account 19,795 27,869

Cash held in the Special Funds Pooled Account is held at BNP Jersey and is pooled with other special funds administered by the States of Jersey.

Other Income 2010 2009

£ £

Sale of Jurat Stamps 42,500 51,229

Jurat Stamps are fees payable in relation to certain work undertaken by Jurats in civil cases before the Royal Court

Other Operating Expenses 2010 2009

£ £

Jurats Stamps 50,574 47,883

The amount collected for sales of Jurat Stamps is shared out between the twelve Jurats twice a year in January and July and distibuted on a pro rata basis. The amount due for July to December 2010 was distributed in January 2011.

LADY FLORENCE WILL TRUST

LADY FLORENCE WILL TRUST ADMINISTRATION

History

Lady Florence Trent née Rowe was the wife of the late Right Honourable Baron Trent of Nottingham. In 1952 she bequeathed the sum of £7,500 to be utilised according to the direction of the States of Jersey, or any duly appointed committee, towards the maintenance of the Park she established at Millbrook, now commonly known as Coronation Park.

Administration

The Trust is administered by the Department of Treasury and Resources in conjunction with the Manager of Parks and Gardens, Department for Transport and Technical Services. Currently the Trust is being accumulated to provide for future projects in the Park.

The Fund's cash is administered by the Department for Treasury and Resources.

LADY FLORENCE WILL TRUST Balance Sheet as at 31 December 2010

Note 2010 2009

£ £

FUNDS EMPLOYED:

CAPITAL ACCOUNT 7,500 7,500 INCOME ACCOUNT 27,136 26,965 34,636 34,465

REPRESENTED BY:

Cash 2 34,636 34,465 34,636 34,465

LADY FLORENCE WILL TRUST

Income and Expenditure for the year ended 31 December 2010

2010 2009

£ £

INCOME

Loan, Bank and Notional Interest 171 155 NET INCOME FOR THE YEAR 171 155

INCOME ACCOUNT

Balance at 1 January 26,965 26,810 Net Income for the year 171 155 Balance at 31 December 27,136 26,965

LADY FLORENCE WILL TRUST

Notes to the Financial Statements for the year ended 31 December 2010

Note

Basis of accounting

These financial statements have been prepared from the information made available by the Department of Treasury and Resources and are stated on a receipts and payments basis.

Cash 2010 2009

£ £

Special Fund Pooled Account 34,636 34,465

Cash held in the Special Funds Pooled Account is held at BNP Paribas Jersey and is pooled with other special funds administered by the States of Jersey.

LE DON DE FAYE

History

The Fund was created under the will of Jurat P C Cabot who died on 24 April 1959. After making various bequests, Jurat Cabot left the residue of his estate to create a fund from which the income would be paid in the first week of December of each year to the Rectors of the Island's parishes. The income was to be distributed at the sole discretion of the Rector and Churchwardens to needy parishioners of all social standings in each parish annually during the third week of the month of December.

Jurat Cabot requested that the bequest be known as Le Don De Faye in memory of his late wife Vera Mary De Faye and her father Thomas Louis De Faye, Major, Royal Militia, Island of Jersey.

Administration

The Fund is administered by the Treasury and Resources Department which pays the income to the Rectors of the Island's parishes in accordance with the terms of Jurat Cabot's will.

Balance Sheet as at 31 December 2010

2010 2009 Note £ £

FUNDS EMPLOYED:

CAPITAL ACCOUNT 1,025,274 849,104 INCOME ACCOUNT 2,729 (497)

1,028,003 848,607

REPRESENTED BY:

Investments 2 1,026,696 801,790 Cash 3 6,719 46,817 Current Assets 4 2,719 - Current Liabilities 5 (8,131) -

1,028,003 848,607

Capital Account for the year ended 31 December 2010

Note 2010 2009

£ £

Balance brought forward

Realised gain on investments - outside CIF

Gain on Cash and Cash Equivalents outside CIF Gain on Investments - CIF

Unrealised Gain - CIF

849,104 849,104 2 151,537 - 2 130 - 2 927 - 31,707 -

1,033,405 849,104 Transfer to Income Account (8,131) - Balance at 31 December 2010 1,025,274 849,104

Income and Expenditure for the year ended 31 December 2010

2010 2009 Note £ £

INCOME

Investment Income 6 17,024 2,737 Loan, Bank and Notional Interest - 8,844

17,024 11,581

EXPENDITURE

Loan, Bank and Notional Interest 2 - Grants and Subsidies Payments 7 20,573 13,227 Supplies and Services 8 1,354 245

21,929 13,472 NET (EXPENDITURE) (4,905) (1,891)

INCOME ACCOUNT

Balance at 1 January (497) 1,394 Net (Expenditure) (4,905) (1,891) Transfer from Capital Account 8,131 -

Balance at 31 December 2,729 (497)

Note

1 Basis of Accounts

2 Investments

The fund joined the Common Investment Fund (CIF) on 1 July 2010. The Fund has invested in line with its Investment Strategy and the allocation of assets is shown below.

2010 2010 Unrealised Closing Opening Sale Gains / Market

Investment Holdings (Book Cost) Purchases Proceeds Gains (Losses) Value

Units in Equity Pools - 422,884 - - 32,241 455,125 Units in Corporate Bond Pools - 251,790 - - (1,113) 250,677

Units in Cash and Cash

Equivalents Pool 167,567 Total Units held in CIF

- 840,735 (674,674) 927 579

800,000 1,415

375

1,515,409

- - -

(674,674)

(800,130) - -

927

130 -

31,707

11,287

140,250

873,369

12,702

140,625

801,790

1,515,409

(1,474,804)

1,057

183,244

1,026,696

Cash and Cash Equivalents

outside CIF

Lloyds TSB Offshore Fund

Jersey Water

Investments are recorded in these financial statements for 2010 at market value, for 2009 the financial statements were recorded at book cost, the market value as at 31 December 2009 £862,197.

In 2010 total realised gains on investment of £1,057 were received from the Common Investment Fund (£927) and Royal London Asset Management (£130).

3 Cash

£ £

Royal Bank of Scotland 6,719 46,817

As at 31 December 2010 cash was deposited by the States of Jersey cash managers, Royal London Asset Management, at Royal Bank of Scotland.

4 Current Assets 2010 2009

£ £

Cash due from The States of Jersey 2,175 - Debtors - Other Tax 544 - 2,719 -

Cash due from the States of Jersey relates to a Jersey Water Ordinary £1 shares dividend received but not cleared at the year end.

Debtors Other Tax are the Jersey Tax reclaim received from Jersey Water Ordinary £1 shares dividend received but not cleared at the year end.

5 Current Liabilities 2010 2009

£ £

Creditors 8131 - Creditors represents the 2010 undistributed income from the CIF which has been distributed in 2011.

There are no creditors or accruals for 2009 as the accounts were prepared on a receipts and payments basis.

6 Investment Income

£ £

Investment Income 17,024 8,844 Investment income is the amount earned on investments held in 2010 prior to entry into the CIF

Net CIF income attributable to the Le Don De Faye Fund 2010

£ Income 8,819 Expenditure (848)

7,971

Realised and unrealised gains and losses 160 Transfer from Capital to Income Account 8,131

7 Grants and Subsidies Payments 2010 2009

£ £

Grants Paid 20,573 13,227

The income received during the twelve months to 30 November 2010 was distributed in the first week of December to the Rectors and Churchwardens of the said Parish. St Clements Parish received two- thirteenths thereof and to each of the of the other Parishes of the Island of Jersey, one-thirteenth of the said annual income in accordance with the purpose of the Fund.

8 Supplies and Services 2010 2009

£ £

Investment Advisory Fees 975 - Management Fees 379 245 1,354 245

The advisory fees relate to advice received from Hewitt Associates Limited in advising on the Fund's investment in the States of Jersey CIF.

Management fees are charged by Royal London Asset Management for cash management of the funds held on behalf of the States of Jersey.

LE DON TOUZEL

LE DON TOUZEL ADMINISTRATION

History

In 1861, the members of the then Victoria College Committee accepted the offer of General Hélier Touzel of the gift of a sum of "rente foncière" which produced an annual interest to be used as a foundation for the award of prizes to scholars of the College entering the British Navy, with sufficient knowledge of English history, physical and political geography, arithmetic and the four first books of Euclid and to be born and resident in the Parish of St John.

In addition, the scholar would receive a book prize following his election and upon completing certain Naval examinations would receive a "Star Quadrant" or other nautical instrument of his choice. A contract in writing constituting a deed of trust was passed before the Royal Court on 2nd November 1981 in order to give effect to the terms of the said trust.

In 1995 the Royal Court (Samedi Division) found the terms of the trust deed no longer accurately reflected the present day educational requirements for entry or advancement within the Merchant Navy and that the offer of awards of a book prize and a nautical instrument did not, in the opinion of the present day trustees, represent the most appropriate means of encouraging scholars of the College to enter the Merchant Navy.

Accordingly, the objects and purposes for which the trust was established by the settlor was considered to have ceased to exist or to be no longer applicable and in accordance with Article 38(2) the Trust (Jersey) Law 1984, the court approved the amendment of the terms of the trust to allow bursaries to be made to College scholars resident in the Parish of St John.

Administration

The Fund is administered by the Education Department, under the Governing Body of Victoria College.

Applications should be made in writing to the Headmaster, Victoria College, Le Mont Millais, Jersey, JE2 3WN.

Balance Sheet as at 31 December 2010

Note 2010 2009

£ £

FUNDS EMPLOYED:

CAPITAL ACCOUNT 2,569 2,569 INCOME ACCOUNT 39,428 43,328 41,997 45,897

REPRESENTED BY:

Cash 2 41,997 45,897 41,997 45,897

Income and Expenditure for the year ended 31 December 2010

Note 2010 2009

£ £

INCOME

Loan, Bank and Notional Interest 214 211

214 211

EXPENDITURE

Other Operating Expenses 3 - 1,358 Grants and Subsidies Payments 4 4,114 -

4,114 1,358 NET EXPENDITURE FOR THE YEAR (3,900) (1,147)

INCOME ACCOUNT

Balance at 1 January 43,328 44,475 Net Expenditure for the Year (3,900) (1,147)

Balance at 31 December 39,428 43,328

Notes to the Financial Statements for the year ended 31 December 2010

Note

Basis of accounting

These financial statements have been prepared from the information made available by the Department of Eduation, Sport and Cultrure and have been stated on a receipts and payments basis.

Cash 2010 2009

£ £

Special Funds Pooled Account 41,997 45,897

Cash held in the Special Funds Pooled Account is held at BNP Jersey and is pooled with other special funds administered by the States of Jersey.

Other Operating Expenses 2010 2009

£ £

Miscellaneous Expenditure - 1,358

In 2009 grants paid were reported in 'Other Operating Expenses' as 'Miscellaneous Exenditure'. In 2010 grants paid are reported as 'Grants and Subsidies Payments'.

Grants and Subsidies Payments 2010 2009

£ £

Grants Paid 4,114 -

The grants paid during the year were made in relation to tuition fees at Victoria College, Jersey in accordance with the terms of the trust.

LE GEYT SERVICES

LE GEYT SERVICES ADMINISTRATION History

The Le Geyt Services Fund was established in order to receive donations and gifts, to be used for the benefit of clients who attend the Le Geyt Day Services Centre for individuals who have a learning disability. The monies held within the Fund, which have been generated by donations, gifts and income received from fund raising activities are then used to support individuals and take the form of subsidising activities, supporting transport needs and the purchase of specialist equipment.

Administration

The Fund's cash is administered by the Minister for Treasury and Resources

Balance Sheet as at 31 December 2010

Note 2010 2009

£ £

FUNDS EMPLOYED:

INCOME ACCOUNT 24,481 26,944 24,481 26,944

REPRESENTED BY:

Cash 2 24,481 26,944 24,481 26,944

Income and Expenditure for the year ended 31 December 2010

Note 2010 2009

£ £

INCOME

Loan, Bank and Notional Interest 127 143 Other Income - 1,980

127 2,123

EXPENDITURE

Grants and Subsidies Payments 3 2,590 7,953

2,590 7,953 NET (EXPENDITURE) FOR THE YEAR (2,463) (5,830)

INCOME ACCOUNT

Balance at 1 January 26,944 32,774 Net (Expenditure) for the Year (2,463) (5,830)

Balance at 31 December 24,481 26,944

Notes to the Financial Statements for the year ended 31 December 2010

Note

Basis of accounting

These financial statements have been prepared from the information made available by the Health and Social Services Department and are stated on a receipts and payments basis.

Cash 2010 2009

£ £

Special Funds Pooled Account 24,481 26,944

Cash held in the Special Funds Pooled Account is held at BNP Paribas Jersey and is pooled with other special funds administered by the States of Jersey.

Grants and Subsidies Payments 2010 2009

£ £

Grants Paid 2,590 7,953

Various grants paid in 2010 and 2009 were to fund the hire of therapeutic music services and other related amenities . These were paid in accordance with the purpose of the Fund.

LMA INTERNATIONAL SA - ANAESTHESIA

History

On 25th May 2000, LMA International S.A. donated a sum of monies to the department of Anaesthesia at the Jersey General Hospital. These monies were given to create a fund for the purpose and benefit of the department as deemed appropriate by the Consultant Anaesthetic Body.

Administration

The Fund's cash is administered by the Minister for Treasury and Resources

Balance Sheet as at 31 December 2010

Note 2010 2009

£ £

FUNDS EMPLOYED:

INCOME ACCOUNT 29,679 35,142 29,679 35,142

REPRESENTED BY:

Cash 2 29,679 35,142 29,679 35,142

Income and Expenditure for the year ended 31 December 2010

Note 2010 2009

£ £

INCOME

Loan, Bank and Notional Interest 151 157

151 157

EXPENDITURE

Grants and Subsidies Payments 3 5,614 -

5,614 - NET (EXPENDITURE) / INCOME FOR THE YEAR (5,463) 157

INCOME ACCOUNT

Balance at 1 January 35,142 34,985 Net (Expenditure)/Income for the Year (5,463) 157

Balance at 31 December 29,679 35,142

Notes to the Financial Statements for the year ended 31 December 2010

Note

Basis of accounting

These financial statements have been prepared from the information made available by the Health and Social Services Department and are stated on a receipts and payments basis.

Cash 2010 2009

£ £

Special Funds Pooled Account 29,679 35,142

Cash held in the Special Funds Pooled Account is held at BNP Paribas Jersey and is pooled with other special funds administered by the States of Jersey.

Grants and Subsidies Payments 2010 2009

£ £

Grants 5,614 - Various grants paid in 2010 were in respect of medical equipment.

5 of 1

LORD PORTSEA GIFT FUND

ADMINISTRATION

History

In 1957, a sum of £17,000 was bequeathed by the late Miss Albina Bertram Falle to the Royal Court and the States of Jersey in accordance with the wishes of her brother, the late Lord Portsea. With the approval of the Royal Court, the States accepted the gift in 1968. Three years later, by which time the sum had risen to £27,000, the gift was incorporated into an Act of the States of Jersey called the Lord Portsea Gift Fund (Jersey) Act 1971'. It was promulgated on 25 May 1971 and the administrators met for the first time in the same year.

The purpose of the Fund, initially, was to help all young Jersey and Guernsey boys entering the Armed and Civil Services who were in need of financial help. Subsequent Acts have extended these conditions to include applicants of the female sex, applicants already in the Service Colleges, the Merchant Navy and the United Kingdom Civil Service. In 1981, eligibility for applicants was widened to include those with at least one parent who was a native of Jersey or Guernsey. Finally the upper age limit was increased to those who had not attained the age of 30 years.

Administration

The Fund is administered by the Department for Education Sport and Culture under the oversight of a Delegation. Originally the Delegation consisted of four Jurats appointed by the Superior Number of the Royal Court and four members of the Education Committee.

Applications should be made to the Department for Education Sport and Culture PO Box 142, St Saviour JE4 8QJ.

LORD PORTSEA GIFT FUND

Balance Sheet as at 31st December 2010

Note 2010 2009

£ £

FUNDS EMPLOYED:

CAPITAL ACCOUNT 201,916 201,916 INCOME ACCOUNT 108,099 102,079

310,015 303,995

REPRESENTED BY:

Investments (at cost) 2 136,113 136,113 Cash 3 171,362 167,882 Cash owed from the Special Funds Pooled Account 6 2,540 -

310,015 303,995

Income and Expenditure for the year to 31 December 2010

Note

INCOME

Loan, Bank and Notional Interest Investment Income

2010 £

600 11,465 12,065

2009 £

751 11,238 11,989

EXPENDITURE

Administration Expenses 34 128 Grants and Subsidies Payments 4 6,000 7,000 Supplies and Services 5 11 -

6,045 7,128 NET INCOME FOR THE YEAR 6,020 4,861

INCOME ACCOUNT

Balance at 1 January 102,079 97,218 Net Income for the Year 6,020 4,861

Balance as at 31 December 108,099 102,079

Basis of accounting

These financial statements have been from information made available by the Education, Sport and Culture Department and are stated on a receipts and payments basis.

Investments (at cost) 2010 2009 Government Bonds 136,113 136,113

Investments are recorded in these financial statements at their book value. The market value as at the 31st December 2010 : £155,971 (December 2009 : £162,907) is shown in this note for information.

Cash 2010 2009

£ £

BNP Paribas, Jersey - 167,882 Royal Bank of Scotland 71,224

Banco Santander 100,138 -

171,362 167,882

Cash was transferred from BNP Paribas Jersey to the States of Jersey's cash manager, Royal London Asset Management, in October 2010 which was deposited with Royal Bank of Scotland and Banco Santander as at 31 December 2010.

Grants and Subsidies Payments 2010 2009

£ £

Grants Paid 6,000 7,000

During the year grants were made to help young Jersey and Guernsey boys (of Jersey and Guernsey parentage) entering the Royal Navy, Army, Air Force, and Civil Services who are in need of financial help.

Supplies and Services 2010 2009

£ £

Management Fees 11 -

During the year the fund paid management fees for cash management services to Royal London Asset Management.

Cash owed to the Special Funds Pooled Account 2010 2009

£ £

Special Funds pooled account 2,540 -

MRS C M H CROSTHWAITE BEQUEST

History

Caroline Mary Crosthwaite, born De Mel, died on 25 October 1999. In her will she bequeathed one half of the remainder of her estate to the former Public Health Committee of the States of Jersey for the purposes of the General Hospital of Gloucester Street, St Helier, Jersey for the benefit of men's chest and heart unit.

Administration

The Fund's cash is administered by the Department for Treasury and Resources.

Balance Sheet as at 31 December 2010

Note 2010 2009

£ £

FUNDS EMPLOYED

INCOME ACCOUNT 38,920 51,441 38,920 51,441

REPRESENTED BY:

Cash 2 38,920 51,441 38,920 51,441

Income and Expenditure for the year ended 31 December 2010

Note

INCOME

Loan, Bank and Notional Interest

EXPENDITURE

Grants and Subsidies Payments 3

NET (EXPENDITURE) / INCOME FOR THE YEAR

INCOME ACCOUNT

Balance at 1 January

Net (Expenditure)/Income for the Year

2010 2009

£ £

227 231

12,748 -

(12,521) 231

51,441 51,210 (12,521) 231

Balance at 31 December 38,920 51,441

MRS C M H CROSTHWAITE BEQUEST

Notes to the Financial Statements for the year ended 31 December 2010

Note

Basis of accounting

These financial statements have been prepared from the information made available by the Health and Social Services Department and have been prepared on a receipts and payments basis.

Cash 2010 2009

£ £

Special Funds Pooled Account 38,920 51,441

Cash held in the Special Funds Pooled Account is held at BNP Jersey and is pooled with other special funds administered by the States of Jersey.

Grants and Subsidies Payments 2010 2009

£ £

Grants 12,748 -

This Fund was bequethed to the Health and Social Services Department for the purpose of the General Hospital for the benefit of the men's chest and heart unit. During the year the Health and Social Services Department made grants to the General Hospital at Gloucester Street, St. Helier , Jersey.

P D WOODS BEQUEST

P D WOODS BEQUEST ADMINISTRATION

History

This Scholarship Fund was established under the will of Percy Douglas Woods in memory of his late son, Douglas Henry Larbalestier Woods who was a pupil at Victoria College between 1924 and 1932, for the purpose of a scholarship fund or for the erection of a permanent memorial of a kind that would be beneficial to Victoria College. Additionally, the will requested that a plaque recording the bequest to be erected in the main hall of Victoria College.

The will also directed that the Headmaster and Governing Body should not be tied in any way regarding the specific or ultimate means of disposal of the legacy.

Administration

The Fund is administered by the Headmaster and Governing Body of Victoria College.

Applications should be addressed to the Headmaster of Victoria College, Le Mont Millais, St Helier, Jersey, JE2 4WN.

Balance Sheet as at 31 December 2010

Note 2010 2009

£ £

FUNDS EMPLOYED:

INCOME ACCOUNT 52,098 53,563 CAPITAL RESERVE ACCOUNT 12,392 12,392

64,490 65,955

REPRESENTED BY:

Cash 2 64,490 65,955 64,490 65,955

Income and Expenditure for the year ended 31 December 2010

Note 2010 2009

£ £

INCOME

Loan, Bank and Notional Interest 330 297

330 297

EXPENDITURE

Grants and Subsidies Payments 3 1,795 350

1,795 350 NET EXPENDITURE FOR THE YEAR (1,465) (53)

INCOME ACCOUNT

Balance at 1 January 53,563 53,616 Net Expenditure for the Year (1,465) (53)

Balance at 31 December 52,098 53,563

Notes to the Financial Statements for the year ended 31 December 2010

Note

Basis of accounting

These financial statements have been prepared from the information made available by the Education, Sports and Culture Department and are stated on a receipts and payments basis.

Cash 2010 2009

£ £

Royal London Asset Management 64,490 65,955

Grants and Subsidies Payments 2010 2009

£ £

Grants Paid 1,795 350

During the year grants were made to pupils of Victoria College to enable them to participate in sports activities and a science trip in the UK.

PATHOLOGY

PATHOLOGY ADMINISTRATION

History

The Fund exists to receive donations for the benefit of the Pathology Department of the General Hospital. A specific donation from the British Urological Association was received in 2008 to fund the purchase of histology equipment and a grant was received in 2009 from IBMS Biomedical Science to fund an MSc project within cellular pathology.

Administration

The Fund is administered by the Department for Health and Social Services. The Fund's cash is administered by the Department for Treasury and Resources.

Balance Sheet as at 31 December 2010

Note 2010 2009

£ £

FUNDS EMPLOYED

INCOME ACCOUNT:

Restricted 2 5,035 17,822 Unrestricted 2 6,521 6,453

11,556 24,275

REPRESENTED BY

Cash 3 11,556 24,275 11,556 24,275

Income and Expenditure for the year ended 31 December 2010

Note 2010 2009

£ £

INCOME

Loan, Bank and Notional Interest 68 104 Miscellaneous Income - 3,498

68 3,602

EXPENDITURE

Other Operating Expenditure - 2,234 Grants and Subsidies Payments 4 12,787 -

12,787 2,234 NET (EXPENDITURE) / INCOME FOR THE YEAR (12,719) 1,368

INCOME ACCOUNT

Balance at 1 January 24,275 22,907 Net (Expenditure) / Income for the Year (12,719) 1,368

Balance at 31 December 11,556 24,275

Notes to the Financial Statements for the year ended 31 December 2010

Note

Basis of accounting

These financial statements have been prepared from the information made available by the Department for Health and Social Services and are stated on a receipts and payments basis.

Income account 2010 2009

£ £

Restricted - histology labelling equipment fund 3,771 16,558 Restricted - MSc Fund 1,264 1,264 Unrestricted 6,521 6,453 11,556 24,275

In 2008 the Fund received a grant from the British Urological Association for the purchase of Histology labelling equipment. The remaining unspent balance from this grant will be used to pay for further labelling equipment in 2011.

A further grant was made to the Fund in 2009 to support an MSc project. £1,264 of this grant was unspent at the end of 2010.

Cash 2010 2009

£ £

Special Funds Pooled Account 11,556 24,275

Cash held in the Special Funds Pooled Account is held at BNP Paribas Jersey and is pooled with other special funds administered by the States of Jersey.

Grants and Subsidies Payments 2010 2009

£ £

Grants paid to purchase new equipment 12,787 -

In 2010 £12,787 was paid in grants to fund the purchase of a cassette labelling machine and a laptop.

RAYNER TRAINING SCHOLARSHIPS

RAYNER TRAINING SCHOLARSHIPS ADMINISTRATION

History

Ann Alice Blason née Colclough was the wife of Charles Henry Blason and widow of John Edward Rayner, late Lord Mayor of Liverpool.

In her will, she gave the sum of two thousand pounds for the purpose of establishing training scholarships, to be known as Rayner Training Scholarships, to be awarded for a period of not less than two years but not more than four years to any boy who, having been a pupil of Victoria College for the preceding years and having obtained a Higher Certificate or the equivalent. The pupil must also desire to undergo training or a kind which does not involve a College or University course but an apprenticeship or similar or professional training outside the Island of Jersey, on the following conditions:

this scholarship is open to boys who desire to be trained as Accountants, Architects, Engineers or Surveyors or for any profession approved for this purpose by the Governing Body;
in considering applications for this Scholarship each candidate's school record, both as regards work and out of school activities, shall be taken into account, and if two or more candidates are equally qualified they shall be interviewed by the Headmaster of the College and two members of the Governing Body;
the Scholarship shall be of the annual value of the income arising from the sum bequeathed but if the amount of such annual income exceeds fifty pounds it may at the discretion of the Governing Body be divided (not necessarily equally) into two or more scholarships.

Administration

The Fund is administered by the Governing Body of Victoria College for the Department for Education, Sport and Culture. The Scholarships' cash is administered by the Department for Treasury and Resources.

Balance Sheet as at 31 December 2010

Note 2010 2009

£ £

FUNDS EMPLOYED:

CAPITAL ACCOUNT 4,912 4,912 INCOME ACCOUNT 44,371 44,127

49,283 49,039

REPRESENTED BY:

Cash 2 49,283 49,039 49,283 49,039

Income and Expenditure for the year ended 31 December 2010

Note 2010 2009

£ £

INCOME

Loan, Bank and Notional Interest 244 220 NET INCOME FOR THE YEAR 244 220

INCOME ACCOUNT

Balance at 1 January 44,127 43,907 Net Income for the Year 244 220

Balance at 31 December 44,371 44,127

Notes to the Financial Statements for the year ended 31 December 2010

Note

Basis of accounting

These financial statements have been prepared from the information made available by the Department for Education, Sport and Culture and are stated on a receipts and payments basis.

Cash 2010 2009

£ £

Special Funds Pooled Account 49,283 49,039

Cash held in the Special Funds Pooled Account is held at BNP Jersey and is pooled with other special funds administered by the States of Jersey.

Rivington Travelling Scholarship

ADMINISTRATION

History

This Scholarship Fund was established under the will of William Richmond-Pickering who died on 11 May 2002.

After various bequests his will provided that the residue of his estate would be paid to the Education Committee of the States of Jersey to set up a Scholarship to be known as the 'Rivington Travelling Scholarship'. The Scholarship is to enable a person either male or female of any age to visit such museums or art galleries out of the Island as would further his or her appreciation of art, crafts and/or history.

The only other criterian for the award of the Scholarship is the sincerity of the applicant's intention and lack of funds.

Administration

The Fund is administered by the Department of Education Sport and Culture under the oversight of Trustees. One of the Trustees is nominated by the Minister for Education Sport and Culture (who also nominates the chairman), one by the Jersey Arts Trust and another by the Jersey Heritage Trust.

Applications should be addressed to the Cultural Development Officer, Department for Education Sport and Culture, P O Box 142, St Saviour, Jersey JE4 8QJ.

Balance Sheet as at 31 December 2010

2010 2009 Note £ £

FUNDS EMPLOYED:

CAPITAL ACCOUNT 387,226 376,249 INCOME ACCOUNT 176,362 167,427

563,588 543,676

REPRESENTED BY:

Investments 2 555,800 200,000 Cash 3 7,788 343,676

563,588 543,676

RIVINGTON TRAVELLING SCHOLARSHIP Capital Account for the year ended 31 December 2010

2010 2009 Note £ £

Balance brought forward

Realised gain on investments - outside CIF

Gain on Cash and Cash Equivalents - outside CIF Gain on Investments - CIF

Unrealised Gain - CIF

376,249 374,610

- 1,639

2 7

2 590

2 20,180

397,026 376,249 Transfer to Income Account 4 (9,800) - Balance 31 December 2010 387,226 376,249

Income and Expenditure for the year ended 31 December 2010

2010 2009 Note £ £

INCOME

Investment Income 4 2,187 160 Loan, Bank and Notional Interest 3 2,702

2,190 2,862

EXPENDITURE

Grants and Subsidies Payments 5 1,855 2,070 Supplies and Services 6 1,200 -

3,055 2,070 NET INCOME / (EXPENDITURE) (865) 792

INCOME ACCOUNT

Balance at 1 January

Net (Expenditure) / Income

Transfer from Capital Account 4

167,427 166,635 (865) 792 9,800 -

Balance at 31 December 176,362 167,427

Note

1 Basis of Accounts

2 Investments

The fund joined the Common Investment Fund (CIF) on 1 July 2010. The Fund has invested in line with its Investment Strategy and the allocation of assets is shown below.

2010 2010 Unrealised Closing Opening Sale Gains / Market

Investment Holdings (Book Cost) Purchases Proceeds Gains (Losses) Value

Units in Equity Pools - 269,115 - - 20,518 289,633 Units in Corporate Bond Pools - 160,057 - - (707) 159,350

Units in Cash and Cash

Equivalents Pool - 535,030 (429,172) 590 369 106,817 Total Units held in CIF

200,000

964,202 800,000

(429,172) (1,000,007)

590 7

20,180 -

555,800 -

200,000

1,764,202

(1,429,179)

597

20,180

555,800

Cash and Cash Equivalents outside CIF

Investments are recorded in these financial statements for 2010 at market value, for 2009 the financial statements were recorded at book cost, the market value as at 31 December 2009 £199,716.

In 2010 total realised gains on investments of £597 were received from the CIF (£590) and Royal London Asset Management (£7).

3 Cash 2010 2009

£ £

Royal Bank of Scotland 7,788 343,676

As at 31 December 2010 cash was deposited by the States of Jersey cash managers, Royal London Asset Management, at Royal Bank of Scotland.

Note

4 Investment Income

£ £

Investment Income 2,187 160 Investment income is the amount earned on investments held in 2010 prior to entry into the CIF

Income and expenditure relating to the CIF, and realised and unrealised gains and losses on investments, are all accounted for within the pools. This is shown in the fund as a gain or loss on Investments. Gains and losses are recognised initially in the Capital Account. In order to ensure that the Fund continues to have distributable funds, the CIF income and expenditure, and the attributable element of the CIF gains and losses, have been transferred from the Capital Account to the Income Account at the end of the year.

Net CIF income attributable to the Rivington Schlarship 2010

Income 5,609 Expenditure (540)

5,069 Realised and unrealised gains and losses 4,731 Transfer from Capital to Income Account 9,800

2010 2009 5 Grants and Subsidies Payments £ £

Grants paid 1,855 2,070

The grants paid during the year were made to persons, male or female, of any age, to visit museums or art galleries out of the Island in order to further his or her appreciation of art, crafts and / or history.

6 Supplies and Services 2010 2009

£ £

Investment Advisory Fees 975 - Management Fees 225 - 1,200 -

The advisory fees relate to advice received from Hewitt Associates Limited in advising on the Fund's investment in the States of Jersey CIF.

Management fees are charged by Royal London Asset Management for cash management of the funds held on behalf of the States of Jersey

SAYERS' BEQUEST

SAYERS' BEQUEST ADMINISTRATION

History

The Fund was established under the will of the late Henry William Sayers for the furtherance of education in the Island of Jersey by way of scholarships, or by additions to existing scholarships, to assist promising scholars to proceed to Universities in England, including Provincial Universities, such scholars to be boys born in Jersey and educated at Victoria College, Jersey, particularly to assist boys whose parents are not in affluent circumstances.

Administration

The Fund is administered by the Headmaster and Governing Body of Victoria College.

Applications should be addressed to the Headmaster of Victoria College, Le Mont Millais, St Helier, Jersey, JE2 4WN.

The Fund's cash and investments are administered by the Department for Treasury and Resources

Balance Sheet as at 31 December 2010

Note 2010 2009

£ £

FUNDS EMPLOYED:

CAPITAL ACCOUNT 75,312 75,312 INCOME ACCOUNT 96,424 97,084

171,736 172,396

REPRESENTED BY:

Investments (at cost) 2 2,775 2,775 Cash 3 168,961 169,621

171,736 172,396

Income and Expenditure for the year ended 31 December 2010

Note 2010 2009

£ £

INCOME

Investment Income 509 350 Loan, Bank and Notional Interest 636 769 1,145 1,119

EXPENDITURE

Other Operating Expenses 4 5 - Grants and Subsidies Payments 5 1,800 2,400

1,805 2,400 NET EXPENDITURE FOR THE YEAR (660) (1,281)

INCOME ACCOUNT

Balance at 1 January 97,084 98,365 Net Expenditure for the Year (660) (1,281)

Balance at 31 December 96,424 97,084

Note

Basis of accounting

These financial statements have been prepared from the information made available by the Department for Education, Sport and Culture Department and are stated on a receipts and payments basis.

Investments (at cost) 2010 2009

£ £

United Kingdom Government Bonds 2,775 2,775

Investments are recorded in these Financial Statements at their book value. The market value of the Fund's investments as at 31 December 2009 was £7,428 and at 31 December 2010 was £7,758 and is shown in this note for information.

Cash 2010 2009

£ £

Cash held at Royal London Asset Management RBS 93,336 - Cash held at Royal London Asset Management Santander 75,416 - Special Fund Pooled Account held at BNP Paribas 209 169,621

168,961 169,621

Cash was transferred from BNP Paribas Jersey to the States of Jersey's cash manager, Royal London Asset Management, in October 2010 which was deposited with the Royal Bank of Scotland and Banco Santander as at 31 December 2010. A small balance of £209 remained which was moved across in January 2011.

Other Operating Expenses 2010 2009

£ £

Management Fees 5 -

During the year the Fund paid management fees for cash management services to Royal London Asset Management.

Note

Grants and Subsidies Payments 2010 2009

£ £

Grants Paid 1,800 2,400

The grants paid during the year were made as scholarships or by additions to existing scholarships to university students in accordance with the conditions set out in the Will.

SPECIAL CARE BABY UNIT

SPECIAL CARE BABY UNIT ADMINISTRATION

History

The Special Care Baby Unit Fund was established in order to receive donations made to the Department of Health and Social Services for the benefit of sick and premature babies and their families at the General Hospital, Gloucester Street, St Helier, Jersey.

Donations are received from families and friends of families whose babies have benefited from the specialist care given by the doctors and nurses in the unit and from fund raising events organised by the said families and friends and by the general public.

This Fund is utilised to provide equipment for the unit, to finance training of nursing staff working in the unit and for other purposes benefiting the Special Care Baby Unit.

Administration

Balance Sheet as at 31 December 2010

Note 2010 2009

£ £

FUNDS EMPLOYED INCOME ACCOUNT :

RESTRICTED 2 16,110 - UNRESTRICTED 2 87,079 76,452

103,189 76,452

REPRESENTED BY

Cash 3 103,189 76,452 103,189 76,452

Income and Expenditure for the year ended 31 December 2010

Note 2010 2009

£ £

INCOME

Investment Income 42 - Loan, Bank and Notional Interest 340 301 Other Income 4 42,570 32,843

42,952 33,144

EXPENDITURE

Grants and Subsidies Payments 5 16,215 8,078 16,215 8,078

NET INCOME FOR THE YEAR 26,737 25,066

INCOME ACCOUNT

Balance at 1 January 76,452 51,386 Net Income for the Year 26,737 25,066

Balance at 31 December 103,189 76,452

Notes to the Financial Statements for the year ended 31 December 2010

Note

Basis of accounting

These financial statements have been prepared from the information made available by the Health and Social Services Department and are stated on a receipts and payments basis.

Income Account 2010 2009

£ £

Restricted 16,110 - Unrestricted 87,079 76,452

103,189 76,452

In 2010 a donation of £16,110 was made to the fund by the Friends of SCBU to enable the department to purchase 2 new SIPAP units which provide ventilatory support for infants. These units were purchased in 2011.

Cash 2010 2009

£ £

Royal Bank of Scotland 58,880 - Banco Santander 42,979

Special Funds Pooled Account 1,330 76,452 103,189 76,452

Other Income 2010 2009

£ £

Miscelleanous Income - 15 Donations 42,570 32,828

42,570 32,843

Notes to the Financial Statements for the year ended 31 December 2010

Note

Grants and Subsidies Payments 2010 2009

£ £

Equipment 14,187 675 Supplies & Services 2,028 7,403

16,215 8,078

During the year the Special Care Baby Unit Fund made grants for the benefit of sick and premature babies and their families at the General Hospital, Gloucester Street, Jersey.

THE BRYAN SKINNER TRAVELLING FELLOWSHIP

ADMINISTRATION

History

The Fund was established under the will of the late Bryan Skinner in recognition of the contribution made by staff of the pathology laboratory of the Jersey General Hospital to the high standard of care he received. The family of Bryan Skinner gave ready consent for his bequest to be used to fund an annual travelling fellowship to applicants from the pathology laboratory.

Administration

The Fund is administered by the Department for Health and Social Services and decisions will be subject to the oversight of a delegation of appropriately nominated individuals. Decisions in respect of awarding grants are made by the Director of Pathology and hospital management based on various criteria. Detailed written reports of the objectives and achievements of each grant are required by the Department.

The Fund's cash is administered by the Department for Treasury and Resources.

Applications for awards may be made to the Director of Pathology, Jersey General Hospital, Gloucester Street, St Helier, Jersey, JE1 3QS.

Balance Sheet as at 31 December 2010

Note 2010 2009

£ £

FUNDS EMPLOYED

CAPITAL ACCOUNT 10,000 10,000 INCOME ACCOUNT 84,068 83,588

94,068 93,588

REPRESENTED BY:

Cash 2 94,068 93,588 94,068 93,588

Income and Expenditure for the year ended 31 December 2010

Note

INCOME

Loan, Bank and Notional Interest Investment Income

2010 2009

£ £

434 425

46 -

480 425

EXPENDITURE

Grants and Subsidies Payments 3 - 5,479

- 5,479

NET INCOME/(EXPENDITURE) FOR THE YEAR 480 (5,054)

INCOME ACCOUNT

Balance at 1 January 83,588 88,642 Net Income/(Expenditure) for the Year 480 (5,054)

Balance at 31 December 84,068 83,588

Notes to the Financial Statements for the year ended 31 December 2010

Note

Basis of accounting

These financial statements have been prepared from the information made available by the Health and Social Services Department and are stated on a receipts and payments basis.

Cash 2010 2009

£ £

Royal Bank of Scotland 47,032 - Banco Santander 47,035 - Special Funds Pooled Account - 93,588

94,067 93,588

During the year cash held on fixed deposit in the Special Funds Pooled Account at BNP Jersey was transferred to the States of Jersey's cash managers, Royal London Asset Management, and as at 31 December 2010 was deposited with the Royal Bank of Scotland and Banco Santander.

Grants and Subsidies Payments 2010 2009

£ £

Grants Paid - 5,479

There were no grants paid by the Department for Health and Social Services during the year.

WESTAWAY FUND ECOLES ELEMENTAIRES

ADMINISTRATION

History

In 1930 a Law was passed which covered The Trusts created by the Will of the Late Miss Julia Westaway into a public and permanent Trust. As part of this Law a Fund was set up for the provision of clothing and shoes to poor children of Protestant (originally evangelical only) families. The Law also established the Westaway Donations Council who are responsible for administering the grants from the Fund. On a date or dates fixed by the Westaway Donation Council, the Headmaster/Headmistress of each school must draw up a list of all children in the school, indicating the names of children who are eligible. The council take all these lists into consideration and select the children who are to benefit.

Administration

The Fund's cash is administered by the Department for Treasury and Resources.

Balance Sheet as at 31 December 2010

Note 2010 2009

£ £

FUNDS EMPLOYED:

INCOME ACCOUNT 12,581 13,508 CAPITAL ACCOUNT 28,688 28,688

41,269 42,196

REPRESENTED BY:

Cash 2 41,269 42,196 41,269 42,196

Income and Expenditure for the year ended 31 December 2010

Note 2010 2009

£ £

INCOME

Loan, Bank and Notional Interest 206 183 Other Income 3 250 2,480

456 2,663

EXPENDITURE

Other Operating Expenses 4 - 1,079 Grants and Subsidies Payments 5 1,383 -

1,383 1,079 NET (EXPENDITURE) / INCOME FOR THE YEAR (927) 1,584

INCOME ACCOUNT

Balance at 1 January 13,508 11,924 Net (Expenditure)/Income for the Year (927) 1,584

Balance at 31 December 12,581 13,508

Notes to the Financial Statements for the year ended 31 December 2010 Note

Basis of accounting

These financial statements have been prepared from the information made available by the Health and Social Services Department and are stated on a receipts and payments basis.

Cash 2010 2009

£ £

Special Funds Pooled Account 41,269 42,196

Cash held in the Special Funds Pooled Account is held at BNP Paribas Jersey and is pooled with other special funds administered by the States of Jersey.

Other Income 2010 2009

£ £

Miscellaneous income - 2,480 Donations 250 -

250 2,480

During the year 2009 amounts received in respect of donations were coded to miscellaneous income

Other Operating Expenses 2010 2009

£ £

Miscellaneous Expenditure - 1,079

In 2009 grants were reported in 'Other Operating Expenses' as 'Miscellaneous Expenditure'. In 2010 grants paid are reported as 'Grants and Subsidies Payments'.

Grants and Subsidies Payments 2010 2009

£ £

Grants paid 1,384 -

Various grants paid in 2010 were in respect of footwear vouchers issued to agreed recipients

WESTAWAY FUNDS - PAUVRES HONTEUX

History

In 1930 a Law was passed which converted the Trusts created by the Will of the late Miss Julia Westaway into a public and permanent Trust. As part of this Law a Fund was set up for the benefit of the poor in each of the twelve Parishes of the Island of Jersey, known as "Pauvres Honteux"

Once a year the income from the Fund is distributed among them twelve Parishes, the amount paid to each Parish being in proportion to its population. The population of each Parish is taken from the most recent census report.

The amount is paid to the Parish Constables who then, at their discretion, distribute it as special relief among the necessitous natives of each Parish who are not in receipt of any Parish benefit.

Administration

WESTAWAY FUNDS - PAUVRES HONTEUX Balance Sheet as at 31 December 2010

Note 2010 2009

£ £

FUNDS EMPLOYED:

CAPITAL ACCOUNT 21,844 21,844 INCOME ACCOUNT 61 30

21,905 21,874

REPRESENTED BY:

Cash 2 21,905 21,874 21,905 21,874

Income and Expenditure for the year ended 31 December 2010

Note 2010 2009

£ £

INCOME

Loan, Bank and Notional Interest 109 100

109 100

EXPENDITURE

Grants and Subsidies Payments 4 78 - Other Operating Expenditure 3 - 472

78 472 NET INCOME/(EXPENDITURE) FOR THE YEAR 31 (372)

INCOME ACCOUNT

Balance at 1 January 30 402 Net (Expenditure)/Income for the Year 31 (372)

Balance at 31 December 61 30

Notes to the Financial Statements for the year ended 31 December 2010

Note

Basis of accounting

These financial statements have been prepared from the information made available by the Department for Education, Sport and Culture and are stated on a receipts and payments basis.

Cash 2010 2009

£ £

Special Fund Pooled Account 21,905 21,874

Cash held in the Special Funds Pooled Account is held at BNP Paribas Jersey and is pooled with other special funds administered by the States of Jersey.

Other Operating Expenditure

2010 2009

£ £

Miscellaneous expenditure - 472

In 2009 grants paid were reported in 'Other Operating Expenses' as 'Miscellaneous Expenditure'. In 2010 grants paid are reported as 'Grants and Subsidies Payments'.

4 Grants and Subsidies Payments

2010 2009

£ £

Grants Paid 78 -

In 2010 grants totalling £78 were paid to the twelve Parishes of Jersey. The money was to be distributed "as special relief among the necessitous natives of the parish who are not currently receiving welfare payments".

WIMBLE SCHOLARSHIP

WIMBLE SCHOLARSHIP ADMINISTRATION

History

The Fund was established under the will of the late John Hammon Wimble, solely and expressly for the purpose of giving university scholarships to pupils of Victoria College and are at the discretion of the Governing Body. The Trustees have discretion as to which university to give scholarships to, however preference is given to the universities of Oxford and Cambridge.

Administration

The Fund is administered by the Education, Sport and Culture Department under the oversight of the Headmaster and Governing Body of Victoria College.

Balance Sheet as at 31 December 2010

Note 2010 2009

£ £

FUNDS EMPLOYED:

CAPITAL ACCOUNT 19,616 19,616 INCOME ACCOUNT 3,911 3,799 23,527 23,415

REPRESENTED BY:

Other Investments (at cost) 2 19,616 19,616 Cash 3 3,911 3,799 23,527 23,415

Income and Expenditure for the year ended 31 December 2010

Note

INCOME

Investment Income

Loan, Bank and Notional Interest

EXPENDITURE

Other Operating Expenses 4 Grants and Subsidies Payments 5

2010 2009

£ £

695 694

17 18

712 712

- 900

600 -

600 900

NET INCOME/(EXPENDITURE) FOR THE YEAR 112 (188)

INCOME ACCOUNT

Balance at 1 January 3,799 3,987 Net Income/(Expenditure) for the Year 112 (188)

Balance at 31 December 3,911 3,799

Notes to the Financial Statements for the year ended 31 December 2010

Note

Basis of accounting

These financial statements are stated on a receipts and payments basis.

Other Investments 2010 2009 3½% War Stock 19,616 19,616

Investments are recorded in these financial statements at their book value. The market value as at the 31st December 2010 : £14,739 (December 2009 : £15,394) is shown in this note for information.

Cash 2010 2009

£ £

BNP Paribas, Jersey 3,563 3,799 Special Funds Pooled Account 348 -

3,911 3,799

Cash is held in the Special Funds Pooled Account is held with BNP Paribas, Jersey and is pooled with other special funds administered by the States of Jersey.

Other Operating Expenses 2010 2009

£ £

Miscellaneous Expenditure - 900

In 2009 grants paid were reported in Other Operating Expenses as Miscellaneous Expenditure. In 2010 grants paid are reported as Grants and Subsidies Payments.

Grants and Subsidies Payments 2010 2009

£ £

Grants Paid 600 -

The grants paid during the year were under the Will for Victoria College, Jersey pupils scholarships to attend University (preference was given to Oxford and Cambridge University).

States of Jersey – Charitable Funds: accounts of the larger funds for the year ended 31 December 2010.