COIF Charity Funds - CCLA

COIF Charities Investment Fund
Statement of Total Return
for the year ended 31 December 2006
31.12.2006 31.12.2005
Notes £’000 £’000 £’000 £’000
Net gains on investments
during the year 2 103,765 140,702
Other (losses)/gains3 (516) 881
Income 4 35,380 34,009
Expenses 5 (3,225) (2,842)
Net income before taxation 32,155 31,167
Taxation 6 (435) 1,753
Net income after taxation for the year 31,720 32,920
Total return before distributions 134,969 174,503
Finance costs: Distributions 7 (34,337) (33,362)
Change in net assets attributable
to unitholders 100,632 141,141
Statement of Change in Unitholders’ Net Assets
for the year ended 31 December 2006
31.12.2006 31.12.2005
Notes £’000 £’000 £’000 £’000
Net assets at start of the year 1,025,082 906,740
Movement due to creations and
cancellations of units
Amounts receivable on creation of units 25,854 22,998
Less: Amounts payable on cancellation of units (57,943) (50,130)
(32,089) (27,132)
Change in net assets attributable to
unitholders (see above) 100,632 141,141
Voluntary repayment of professional
charges 16 11 77
Retained distribution on accumulation units 4,354 4,256
Net assets at end of the year 1,097,990 1,025,082
The notes on pages 20 to 27 form part of these accounts.
12