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|||||||Pages|
|---|---|---|---|---|---|---|
|Trustees'
annual
report (incorporating|||the|director's|report)|1to4|
|Trustees'
responsibilities
statement|||||||
|Independent
auditor's|report to|the members||||6to 9|
|Statement offinancial|activities|(including||income and|||
|expenditure
account)||||||10|
|Statement offinancial|position||||||
|Statement ofcash flows||||||12|
|Notes to the financial|statements|||||13to 22|
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||P|eriod from 1 July|2019to 3|1August 2|020||
|---|---|---|---|---|---|---|
|||||Period from|1 Jul 19to|Year to|
|||||31Aug 20||30Jun 19|
|||||Unrestricted|||
||||Note|funds
6|Total funds
6|Total funds
f|
|Income and|endowments||||||
|Donations|||5|1,550,059|1,550,059||
|Investment|income||6|922,530|922,530|617,033|
|Total income||||2,472,589|2,472,589|617,033|
|Expenditure|||||||
|Expenditure|on raising funds:||||||
|Costs|ofgenerating|income||231,567|231,567|195,173|
|Expenditure|on charitable|activities|7,8|829,025|829,025|660,159|
|Total expenditure||||1,060,592|1,060,592|855,332|
|Net incomel(expenditure)||and net movement|in funds|1,411,997|1,411,997|(238,299)|
|Reconciliation
offunds|||||||
|Total funds|brought
forward|||13,209,953|13,209,953|13,448,252|
|Total funds|carried forward|||14,621,950|14,621,950|13,209,953|
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|Peri|od from 1 J|uly 2019to 31Aug|ust 2020||
|---|---|---|---|---|
||||31Aug 20|30Jun 19|
|Cash flows from operating|activities||||
|Net income/(expenditure)|||1,411,997|(238,299)|
|Adjustments
for:|||||
|Government
grant income|||(43,899)||
|Dividends,
interest and rents|from investments||(566,956)|(530,785)|
|Other interest receivable and similar income|||(355,574)|(86,248)|
|Interest payable and similar|charges||9||
|Accrued income|||(39,679)|(5,580)|
|Changes
in:|||||
|Trade and other debtors|||3,472|(1,371)|
|Trade and other creditors|||(1,609)|(237,037)|
|Cash generated
from operations|||407,761|(1,099,320)|
|Interest paid|||(9)||
|Interest received|||368,791|87,799|
|Net cash from/(used
in) operating
activities|||776,543|(1,011,521)|
|Cash flows from investing|activities||||
|Dividends,
interest and rents|from investments||566,956|530,785|
|Purchases
ofother investments|||(26,400)|(175,270)|
|Net cash from investing
activities|||540,556|355,515|
|Cash flows from financing|activities||||
|Government
grant income|||43,899||
|Net cash from financing
activities|||43,899||
|Net increase/(decrease)
in|cash and cash|equivalents|1,360,998|(656,006)|
|Cash and cash equivalents|at beginning|ofperiod|6,650,373|7,306,379|
|Cash and cash equivalents|at end ofperiod||8,011,371|6,650,373|
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|wound
up
Donations|m|embers are req|uired
to cont|ribute
an amou|nt
not exceedi|ng f1.||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||Funds|2020|Funds|2019|
|||||8|8|8|f|
|Donations||||||||
|Donations|received|||1,506,160|1,506,160|||
|Grants||||||||
|Government||grant income||43,899|43,899|||
|||||1,550,059|1,550,059|||
|Investment||income||||||
|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||Funds
E|2020
f|Funds
8|2019|
|Income from||UK investment|properties|566,956|566,956|530,785|530,785|
|Bank interest receivable||||355,574|355,574|86,248|86,248|
|||||922,530|922,530|617,033|617,033|
|Expenditure||on charitable|activities by fund type|||||
|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||Funds|2020|Funds|2019|
|||||8|6|E|f|
|Charitable|grants awarded|||521,887|521,887|543,244|543,244|
|Support costs||||307,138|307,138|116,915|116,915|
|||||829,025|829,025|660,159|660,159|
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|Expenditure|on charitable
activ|ities by activity type||||
|---|---|---|---|---|---|
|||Grant funding|Support|Total funds|Total fund|
|||of activities
f|costs
f|2020
6|2019
E|
|Charitable|grants awarded|521,887|299,690|821,577|653,156|
|Governance|costs||7,448|7,448|7,003|
|||521,887|307,136|829,025|660,159|
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|Analysis of|sup|port costs||||
|---|---|---|---|---|---|
||||Analysis of|||
||||support costs|Total 2020|Total 2019|
||||E|6|6|
|Staff costs|||184,989|184,989|108,242|
|Communications||and IT|5,010|5,010|3,368|
|General office|||23,521|23,521|11,635|
|Governance|costs||7,450|7,450|7,002|
|Advertising|and|marketing|18,265|18,265|22,561|
|Losel (Gain)|on|foreign exchange|67,903|67,903|(35,913)|
||||307,136|307,138|116,915|
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|Analysis ofgrants|||
|---|---|---|
||Period from||
||1 Jul 19to|Year to|
||31Aug 20|30Jun 19|
||5|E|
|Grants to institutions|||
|Culture|359,075|345,651|
|Education|127,000|134,000|
|Health|25,974|56,147|
||512,049|535,798|
|Grants to individuals|||
|Culture|9,838|7,446|
|Total grants|521,887|543,244|
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|||||||||Period from||
|---|---|---|---|---|---|---|---|---|---|
|||||||||1 Jul 19to|Year to|
|||||||||31Aug 20
8|30Jun 19
f|
|Fees|payable|for|the|audit|ofthe|financial|statements|7,450|7,000|
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|Staff cos|ts||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|The total|staff costs|and|employee||benefits for the reporting|||period are|analysed as|follows:|||
|||||||||Period from|||||
||||||||||1 Jul 19to||Year to||
||||||||||31Aug 20
f||30|Jun 19|
|Wages and salaries|||||||||233,535||165,349||
|Social security costs|||||||||17,360||13,092||
|Employer|contributions||to pension||plans||||5,057|||2,950|
|Other employee
benefits|||||||||132|||216|
||||||||||256,084||181,607||
|The average head count|||ofemployees|||during|the period was 6(2019:6).The average||||number of||
|full-time
equivalent||employees||during||the period is analysed||as follows:|||||
||||||||||31 Aug 20||||
||||||||||No.||||
|Number|of administrative||staff||||||6||||
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||Period from 1 July 2019to 31Au|gust 2020|
|---|---|---|
|14.|Investments||
|||Investment|
|||properties|
|||6|
||Cost or valuation||
||At 1 July 2019|6,620,467|
||Additions|26,400|
||At 31August 2020|6,646,867|
||Impairment||
||At 1July 2019and 31August 2020||
||Carrying
amount||
||At 31August 2020|6,646,867|
||At 30June 2019|6,620,467|
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|15.|are not signific
Debtors|antly
different from the open market fai|r value ofthose properties as of|that date.|
|---|---|---|---|---|
||||31Aug 20
f|30Jun 19
6|
||Trade debtors|||3,586|
||Prepayments|and accrued income|18,546|31,763|
||Other debtors||726|612|
||||19,272|35,961|
|16.|Cash at bank|and in hand|||
|Cash|at bank and in hand|||
|---|---|---|---|
|||31 Aug 20|30Jun 19|
|||6|2|
|Bank|deposit accounts|7,796,259|5,945,783|
|Bank|current account|214,946|704,369|
|Cash|in hand|166|221|
|Total||8,011,371|6,650,373|
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|Creditors: amoun|ts
fa|glng d|ue within one year|||
|---|---|---|---|---|---|
|||||31Aug 20|30Jun 19|
|||||5|5|
|)rade creditors||||14,298|13,017|
|Accruals and deferred||income||31,648|71,327|
|Social security and other taxes||||4,104|4,994|
|Other creditors||||5,512|7,510|
|||||55,560|96,848|
|Deferred Income||||||
|||||2020|2019|
|||||6||
|As at 1st July 2019||||61,709|68,872|
|Amount released|to incoming||resources|(61,709)|(68,872)|
|Amount deferred|in the|year|||61,709|
|As at 31stAugust|2020||||61,709|
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|
plans was f
Government|
5,057(2019:E'2,950).
grants|
5,057(2019:E'2,950).
grants|
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|
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|---|---|---|---|---|---|---|
|The amounts|recognised
in the financial statements||for government|grants are as follows:|||
|||||31Aug 20
f|30|Jun 19
5|
|Recognised|in income from donations|and legacies:|||||
|Government|grants income|||43,899|||
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|Unrestricted|funds|||||
|---|---|---|---|---|---|
||||||At|
|||At|||31August 2|
|||1 July 2019
6|Income|Expenditure
f|020|
|General funds||13,175,267|2,472,589|(1,060,592)|14,587,264|
|Revaluation|reserve|34,686|||34,686|
|||13,209,953|2,472,589|(1,060,592)|14,621,950|
|||At|||At|
|||1 July 2018|Income
f|Expenditure
6|30June 2019
6|
|General funds||13,413,566|617,033|(855,332)|13,175,267|
|Revaluation|reserve|34,686|||34,686|
|||13,448,252|617,033|(855,332)|13,209,953|
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|21.|Analysis ofnet as|se|ts between funds||||
|---|---|---|---|---|---|---|
||||||Unrestricted|Total Funds|
||||||Funds|2020|
||||||6|6|
||Investments||||6,646,867|6,646,867|
||Current assets||||8,030,642|8,030,642|
||Creditors less than|1|year||(55,559)|(55,559)|
||Net assets||||14,621,950|14,621,950|
||||||Unrestricted|Total Funds|
||||||Funds|2019|
||||||6|6|
||Investments||||6,620,467|6,620,467|
||Current assets||||6,686,334|6,686,334|
||Creditors less than|1|year||(96,848)|(96,848)|
||Net assets||||13,209,953|13,209,953|
|22.|Analysis ofchanges||in net debt||||
|||||||At|
|||||At 1 Jul 2019|Cash flows|31 Aug 2020|
|||||6|6|6|
||Cash at bank and in||hand|6,650,373|1,360,998|8,011,371|
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