COIF Charities Property Fund - CCLA

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Notes to the accounts redemptions. Under these circumstances, a period of notice of up to six months may be imposed for the redemption of units. The units are realisable only on each monthly dealing day. Currency risk There is no exposure to foreign currency fluctuations as all investments, revenue and shortterm debtors and creditors are denominated in Sterling. Interest rate risk The majority of the Fund’s assets are direct property investments and therefore do not pay interest or have maturity dates. As a consequence any changes in interest rates will not significantly affect the Fund except in so far as they affect rental levels generally. The interest rate risk profile of the Fund’s financial assets and liabilities at 30 June 2012 was as set out below: Currency Floating rate financial assets* £’000 Fixed rate financial assets £’000 Financial assets not carrying interest £’000 Total £’000 Sterling 8,015 - 135,714 143,729 Currency Floating rate financial liabilities £’000 Fixed rate financial liabilities £’000 Financial liabilities not carrying interest £’000 Total £’000 Sterling - - 4,829 4,829 34
Notes to the accounts 31 December 2011 Currency Floating rate financial assets* £’000 Fixed rate financial assets £’000 Financial assets not carrying interest £’000 Total £’000 Sterling 6,284 - 137,403 143,687 Currency Floating rate financial liabilities £’000 Fixed rate financial liabilities £’000 Financial liabilities not carrying interest £’000 Total £’000 Sterling - 1,000 4,960 5,960 * The floating rate financial assets of the Fund earn interest at rates based on either LIBOR or base rate. All financial liabilities are due to be settled within one year, or on demand. There were no derivatives held by the Fund during the year or prior year. 14. Board remuneration The Board members receive no remuneration from COIF Charity Funds. Mr R Fitzalan Howard is a Director of the Manager and receives remuneration from the Manager, which is disclosed in that Company's accounts. 15. Related party transactions The Manager’s periodic charge is paid to the Manager and the Trustee fee is paid to HSBC Bank plc, both related parties to the Fund. The amounts paid in respect of these charges are disclosed in note 4. At 31 December 2011 the balance, due to the Manager and HSBC Bank plc were as set out below: 30.6.2012 £’000 31.12.2011 £'000 HSBC Bank Plc 9 12 35
Page 1 and 2: COIF Charities Property Fund Report
Page 3 and 4: Report of the Board for the half ye
Page 5 and 6: Report of the Board for the half ye
Page 7 and 8: Report of the Fund Manager for the
Page 9 and 10: Report of the Valuers Dear Sirs, Th
Page 11 and 12: Net asset value, unit price range,
Page 13 and 14: Portfolio statement at 30 June 2012
Page 15 and 16: Property portfolio - offices/shops
Page 17 and 18: Property portfolio - offices at 30
Page 19 and 20: Property portfolio - offices at 30
Page 21 and 22: Property portfolio - warehouses/ind
Page 23 and 24: Property portfolio - retail warehou
Page 25 and 26: Statement of change in net assets a
Page 27 and 28: Cash flow statement for the half ye
Page 29 and 30: Notes to the accounts 2. Net capita
Page 31 and 32: Notes to the accounts 6. Finance co
Page 33: Notes to the accounts 11. Loan Paya
Page 37 and 38: Distribution table for the half yea
Page 39 and 40: Statement of Board, Corporate Trust
Page 41: CCLA INVESTMENT MANAGEMENT LIMITED

COIF Charities Property Fund - CCLA

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