| Page | |||
|---|---|---|---|
| Company Information |
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| Report ofthe Tntstee | 2-4 | ||
| Report ofthe Independent | Examiner | 5-6 | |
| Statement ofFinancial | Activities | 7-8 | |
| Balance Sheet | |||
| Notes to the Financial | Statements |
| Note | 2020 | 2019 | |||
|---|---|---|---|---|---|
| INCOME | AND EXPENDITURE | ||||
| Investment | income | ||||
| Dividends | and related income | 109,059 | 111,092 | ||
| Deposit interest | 69 | 121 | |||
| 109,128 | 111,213 | ||||
| Resources | expended | ||||
| Investment | management | fees | 14,310 | 14,580 | |
| Charitable | activities | ||||
| Grants | 1k2 | 49,500 | 44,950 | ||
| Consultancy | 10,000 | 10,000 | |||
| Auditions | 257 | ||||
| 59,500 | 55,207 | ||||
| Net incoming resources |
from investment | ||||
| and grants | 35,318 | 41,426 | |||
| Turnover | |||||
| Event income | 67,649 | 88,902 | |||
| Other income | 7,824 | 10,649 | |||
| Donations | received | 100 | 55 | ||
| Government | grants received | 33,502 | |||
| 109,075 | 99,606 | ||||
| Less: Cost | ofgoods sold | ||||
| Bar consumables | 6,057 | 8,544 | |||
| Catering | 5,785 | 6,527 | |||
| Agency staff | 4,530 | 5,887 | |||
| Artists and | performances | 3,650 | 3,280 | ||
| 20,022 | 24,238 | ||||
| Gross profit —carried fomvard | 89,053 | 75,368 |
| Note | 2020 | 2019 | |||
|---|---|---|---|---|---|
| Gross profit —brought | fomvard | 89,053 | 75,368 | ||
| Total gross income | 124,371 | 116,794 | |||
| Overhead expenditure |
101,963 | 119,023 | |||
| Net incoming/(outgoing) | resources from | ||||
| other operations | 22,408 | (2,229) | |||
| Other recognised gains |
and losses | ||||
| Unrealised losses on investment |
assets | (194,909) | (111,526) | ||
| Net expenditure for the |
year | (172,501) | (113,755) | ||
| Fund balances brought | forward —unrestricted | funds | 3,004,182 | 3,117,937 | |
| Fund balances carried | fomvard | —unrestricted | funds | f2,831,681 | f3,004,182 |
| Note | 2020 | 2019 | |||||||
|---|---|---|---|---|---|---|---|---|---|
| FIXEDASSETS | |||||||||
| Tangible assets | 1,175 | 814 | |||||||
| Investments | 2,764,029 | 2,958,938 | |||||||
| 2,765,204 | 2,959,752 | ||||||||
| CURRENT ASSETS | |||||||||
| Debtors and prepayments | 3,098 | 7,342 | |||||||
| Cash held by investment | managers | on | |||||||
| income account | 90,162 | 59,560 | |||||||
| Cash at bank and in hand | 26,166 | 16,954 | |||||||
| 119,426 | 83,856 | ||||||||
| CREDITORS: AMOUNTS FALLING | |||||||||
| DUE WITHIN ONE YEAR | |||||||||
| Creditors | 7,949 | 13,126 | |||||||
| Provision for grants not yet paid | 45,000 | 26,300 | |||||||
| 52,949 | 39,426 | ||||||||
| NET CURRENT ASSETS | 66,477 | 44,430 | |||||||
| NET ASSETS | 82,831,681 | 83,004, | 182 | ||||||
| REPRESENTED BY | |||||||||
| Unrestricted funds |
K2,831,681 | I3,004, | 182 | ||||||
| Approved | by the Trustee ofThe | ||||||||
| Andreiv Marriner |
- Chairman | Hattori Foundation | and | signed | |||||
| on its behalf on 11 | June | 2021. |
| 2. GRANTS PAYA | B | LE | ||
|---|---|---|---|---|
| 2020 | 2019 | |||
| Grants payable brought |
forward | (26,300) | (47,486) | |
| Net payments during |
year | 30,800 | 66,136 | |
| 4,500 | 18,650 | |||
| Grants payable carried | forward | 45,000 | 26,300 | |
| Charge for the year | %49,500 | f44,950 | ||
| 3. OVERHEAD EXPENDITURE | ||||
| 2020 | 2019 | |||
| Rent, rates and services | 4,843 | 12,263 | ||
| Printing, postage and |
stationery | 86 | 538 | |
| Telephone and communications |
4,569 | 4,805 | ||
| Computer expenses |
1,640 | 1,749 | ||
| Photocopier expenses |
1,994 | 3,986 | ||
| Repairs, security and | cleaning | 8,162 | 13,202 | |
| Advertising and promotion |
1,546 | 2,507 | ||
| Legal and professional | fees | 2,477 | 3,630 | |
| Independent examination |
1,350 | 1,350 | ||
| Accountancy | 1,350 | 1,750 | ||
| Bank charges | 555 | 491 | ||
| Travel and transport | expenses | 277 | 323 | |
| Sundry expenses | 780 | 732 | ||
| Wages and salaries | 54,966 | 56,500 | ||
| Social security costs | 4,315 | 2,333 | ||
| Pension contributions | 11,847 | 12,050 | ||
| Depreciation | 1,206 | 814 | ||
| 0101,963 | f119,023 |
| 4. TANGIBLE ASSETS | ||||
|---|---|---|---|---|
| Fixtures, | ||||
| fittings and | ||||
| equipment | ||||
| Cost | ||||
| At 31 August 2019 | 3,256 | |||
| Additions | 1,567 | |||
| At 31 August 2020 | 4,823 | |||
| Depreciation | ||||
| At 31August 2019 | 2,442 | |||
| Charge for the year | 1,206 | |||
| At 31 August 2020 | 3,648 | |||
| Carrying values |
||||
| At 31 August 2020 | K1,175 | |||
| At 31 August 2019 | X814 | |||
| 5. INVESTMENTS | ||||
| 2020 | 2019 | |||
| Market value at 1 September 2019(excluding | cash) | 2,958,938 | 3,070,464 | |
| Additions | 627,147 | |||
| Dispo sais | (627,147) | |||
| Unrealised loss arising on revaluations |
in the | year | (194,909) | (111,526) |
| Market value at 31 August 2020 (excluding cash) | K2,764,029 | J2,958,938 | ||
| Historic cost at 31August 2020 and 2019 | 82,089,057 | X2,089,057 |
| 2020 | 2019 | ||
|---|---|---|---|
| Trade debtors | 179 | 3,638 | |
| Prepayments | and accrued income | 1,389 | 2, 174 |
| Sundry debtors |
1,530 | 1,530 | |
| j3,098 | 87,342 | ||
| 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2020 | 2019 | ||
| Trade creditors | 918 | 5,937 | |
| Other taxation | 3,931 | 3,791 | |
| Accruals | 3,100 | 3,200 | |
| Other creditors | 198 | ||
| f7,949 | 813,126 |
| 2020 | 2019 | ||
|---|---|---|---|
| Accountancy | K1,350 | K1,750 | |
| Independent | examination | 81,350 | %1,350 |
| 1b.STAFF | |||
| 2020 | 2019 | ||
| The average | number ofstaff during the year |
| 2020 | 2019 |
|---|---|
| E1,994 | X3,986 |