COIF Charity Funds - CCLA

COIF Charities Investment FundNotes to the Accounts(unaudited)The fixed rate element of the portfolio is further analysed in the following table.CurrencyFixed ratefinancial assets£’000Weighted averageinterest rate%Weighted averageperiod for whichrate is fixedYearsSterlingEuroUS DollarJapan46,95111,1904,8838794.713.974.001.3212.110.69.24.631 December 2005CurrencyFixed ratefinancial assets£’000Weighted averageinterest rate%Weighted averageperiod for whichrate is fixedYearsSterlingEuroUS DollarJapan53,20412,6615,422-4.153.112.85-11.37.55.7-13. Future CallsThere were no future calls due for payment after 30 June 2006 (31.12.2005, £nil).14. Underwriting and underwriting commitmentsThe Fund may, with the written approval of the Charity Commissioners, underwrite new issues ofstock. At 30 June 2006 there were no commitments outstanding (31.12.2005, £nil).15. Contingent liabilitiesThere were no contingent liabilities at 30 June 2006 (31.12.2005, £nil).16. Unquoted and other investmentsUnquoted investments include the Investment Fund’s holding of 25% of the issued shared capitalof CCLA Investment Management Limited, which provides investment management andadministrative services to the COIF Charity Funds. The valuation of the holding is based on adiscounted market value calculation reviewed quarterly.Not more than 20% in value of the Fund may be invested in units in Authorised Unit Trust Schemesand collective investment and deposit schemes as provided in the Fund’s Scheme. At30 June 2006, 9.4% (31.12.2005, 9.0%) of the value of the Fund was held in units in the COIFCharities Property Fund and 1.3% (31.12.2005, 1.2%) of the value of the Fund was held in theCOIF Charities Deposit Fund. At 30 June 2006, 0.1% (31.12.2005, 0.1%) of the value of the Fundwas held in Authorised Unit Trust Schemes.At 30 June 2006 the COIF Charities Investment Fund held 63.6% (31.12.2005, 64.4%) of the COIFCharities Property Fund which may not be readily realisable. The Manager may impose a period ofnotice or delay not exceeding six months before carrying out a redemption of units in that Fund if itis deemed to be necessary to protect the interests of unitholders of the Fund or to permit propertiesto be sold to meet a redemption.29