COIF Charity Funds - CCLA

COIF Charities Fixed Interest FundNotes to the Accounts(unaudited)Interest rate riskThe Fund invests in fixed interest securities. The income may be affected by changes in interestrates relevant to particular securities or as a result of the Manager being unable to secure similarreturns following the disposal or redemption of securities. The value of fixed interest securities maybe affected by interest rate movements or the expectation of such movements in the future.The interest rate profile of the Fund’s financial assets and liabilities at 30 June 2006 was as set outbelow:CurrencyFloating ratefinancial assets*£’000Fixed ratefinancial assets£’000Financial assetsnot carrying interest£’000Total£’000Sterling 2,673 158,420 2,365 163,458CurrencyFloating ratefinancial liabilities£’000Fixed ratefinancial liabilities£’000Financial liabilitiesnot carrying interest£’000Total£’000Sterling - - 2,072 2,07231 December 2005CurrencyFloating ratefinancial assets*£’000Fixed ratefinancial assets£’000Financial assetsnot carrying interest£’000Total£’000Sterling 3,081 166,209 2,987 172,277CurrencyFloating ratefinancial liabilities£’000Fixed ratefinancial liabilities£’000Financial liabilitiesnot carrying interest£’000Total£’000Sterling - - 2,063 2,063* The floating rate financial assets of the Fund earn interest at rates based on either LIBOR or baserate.All financial liabilities are due to be settled within one year, or on demand.44