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2021-07-31-accounts

CONTENTS Page
Report ofthe Trustee 1-4
independent auditors' report 5-8
Statement of financial activities
Balance sheet 10
Statement of Cash Flow
Notes to the financial statements 12 —18
Appendix
A
Reference and Administrative information

Unrestricted Restricted Endowment Total Total
Note Fund Fund Fund 2020/21 20/9/20
6
Income snd endowments from:
Donations
and legacies		 3,500 3,500 3.500
lnvesiments 628,062
Total 631,562 631,562 655,7/4
Expenditure
an:
Cbantabte
activities		 4,5 631,062 631,062 6552/4
Total 631,062 631,062 655,2/4
Net investment
(losses)/gains		 2,166,055 2,166,055 (275348/
Net income /expenditure 500 2,166,055 2,166,555 (274.848)
Transfer
between
funds		 6 (500) 500
Net movement
in funds		 500 2,166,055 2,166,555 (274,848/
Balances at 1 August 17,147 20,750,508 20,767,655 2/, 042,503
Balances at 31July I7,647 22,916,563 22,934,210 20,767,655

2021 2020
Cash flow from operating activities:
Net cash provided
by operating
activflies		 CFI (641,887) (397,515)
Cash flow from investing
activitiest
Dividends,
interest
and rent from investments		 627,986
Proceeds from the sale ofinvestments
Purchase ofinvestments
Net cash provided
by investing
activities		 13,901) 397,515)
Changes
in cash and cash equivalents		 in the year
Cash and cash equivalents
at I August		 CF2 169,341 566,858
Cash and cash equivalents
at 31 July		 CF2 155,440 169,341
CFI Reconciliation
ofnet income/expenditure		 to net cash flow from operating activities
2021 2020
Net income/expenditure 2,175,298 (274,848)
Adjustments
for:
Losses/(gains)
on investments		 (2,174,798) 275,348
Dividends
income and rents from investments		 (627,986)
(increase)/decrease
in debtors
Increase/(decrease)
in creditors		 14,401) 398 017)
Net casit provided
by operating
activities		 641,887) 397,515)
CF2 Analysis ofcash and cash equivalents
2021 2020
Cash in hand 155,440 I69,341
Notice deposits
(Iess than 3months)
Total cash and cash equivalents 155,440 169,341
Analysis ofchanges in net debt
At start ofyear Cash flows At end ofyear
Cash 169,341 (13,901) 155,440

2 Donations
Total Total
2020/21 2019/20
Donation from The Drapers' Company 3,500 3,500
2019/20 2018/19
Donation from The Drapers' Company 3,500 4,000
3 Investment income
Unrestricted Endowment Total Total
Funds Fund 2020/21 2019/20
Dividends receivable from:
The Drapers' Charities Pooling 627,986 627,986 627,986
Scheme
Bank interest receivable 76 76 3, 722
Other income 20,506
628,062 628,062 652,214
Unrestricted Endowment Total Total
Funds Fund 2019/20 ZO/8//9
Dividends receivable from:
The Drapers' Charities Pooling 627,986 627,986 627,986
Scheme
Bank interest receivable 3,722 3,722 3,187
Other income 20,506 20,506
652,214 652,214 631,173

Total Total
2020/21 2019/20
Grants from unrestricted funds:
The Thomas Howell's Education Fund for North Wales 302,782 3/4,327
Girls' Day School Trust for the benefit ofHowell 's School, Llanda ff 323,495 336,440
Support Costs
Management Costs: Administration 861 835
Office 424 362
Administration 861 835
Ofhce 424 362
Governance costs (see Note 5) 2 215 2,053
631,062 655,214
Charitable activities: Governance and staff costs
Total Total
2020/21 2019/20
Administration costs 432 4/7
OAice costs 211 181
Audit fees 1,572 1,455
2,215 2,053

Funds
Movements ofFunds
Balance Incoming Resources Gains/ Balance
01.08.20 resources expended Transfers Bosses) 31.07.21
Capital I uuds:
Permanent
Endowment 20,750,50B 2,166,055 22,916,563
20,750,50B 2,166,055 22,916,563
Income Funds:
Portion uud 17,147 500 17,647
Endowment
Fund
Uutestncted 631,562 (631,062) (500)
I'uuds
Total Funds 20,767,655 631,562 (631,062) 2,166,055 22,934,210

Movements ofFunds
Balance Incoming Resources Gains/ Balance
01.08.19 resources expended Transfers (losses) 31.07.20
8 8
Capital Funds:
Permanent
Endowment 21,025,856 (275,348) 20,750,508
21,025,856 (275,348) 20,750,508
Income Funds:
Pornca aad 16,647 500 17,147
Endowment
Fund
Unrestricted 635208 (634,708) (500)
Funds
Total Funds 21,042,503 635,208 (634,708) (275,348) 20,767,655
Investments
2020/21 20/9/20
0
Pooling Total Total
Scheme 2020/21 20/9720
Market value at 1 August 20,750,508 20,750,508 2/,025 856
Acquisitions
Disposals
Net investment (losses)/gains 2,166,055 2,166,055 /275,348/
Market value at 31 July 22,916,563 22,916,563 20,750,508
Historical
cost		 at 31 July 9,830,832 9,830,832 9,830,832

8 Analysis oftotal net Analysis oftotal net assets
Unrestricted Restricted Kndowmen t Total Torol
Fund Fund Funds 3f07.21f 31.07.20f
The Drapers' Charities 22,916563 22,916/63 20 750,508
Pooling Scheme
Net current assets 17,647 17,647 17,147
17,647 22,916563 22,934,210 20,767655
Unrestricted Restricted Kndowment Total Tolol
Fund Fund Funds 3107.20 31.07.19f
The Drapers' Charities 20,750,508 20,750,508 2l,025, 856'
Pooling Scheme
Net current assets 17,147 17,147 16;647
i7,147 20,750508 20,767,655 21,042,503
9 Debtors
31fl7.21 31.07.20
Accrued income
10 Creditors: Amounts falling due within one year
31.07.21 31.07.20
Amount
due to The Thomas		 Howell's Education Fund for
North Wales
Amount
due to Girls ' Day Schoo I Trust on behalf		 of 62,082 85,383
Howell's School, Llandaff 74,195 65,383
Sundry Creditors 1,515 1,428
137,793 152,194

13 Prior year SOFA
Unrestricted Restricted Endowment Total
Fund Fund Fund 2019/20
8
I)onanons and legames 3,500 3,500
Investments 652 214 652,214
Total 655,714 655,714
Kxpenditure
on:
Cbantable acnvines 655,214
Total 655,214 655,214
Net investment
(losses)/gains		 (275,348) (275,348)
Net income
/ expenditure		 500 (275,348) (274,848)
Transfer between
funds		 (500) 500
Net movement
in funds		 500 (275,348) (2'/4, 848)
Balances at I August 16,647, 21,025,856 21,042,503
Balances at 31July 17,147 20,750,708 20,767,655