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2021-08-31-accounts

Trustees R N Burton (Chair) R N Burton (Chair)
CA Booy
G ECamm
W J Marshall
J 5 Laycock
5 A Moore
KJ Morgan
5 GWest
M H Hagen (appointed on 12October 2020)
R J 5 Holmes (appointed on 15February 2021)
Company Registered Number 02991142
Charity Registered Number 1050468
Registered Office Finance Department
University ofthe West of England
Frenchay Campus
Bristol
BS161QY
Company Secmtary R I-I Broughton (appointed 15 February 2021)
Auditor Mazars
LLP
Chartered
Accountants
90Victoria Street
Bristol
851 6DP
Bankers NatWest
pic
72Gloucester Road
Bishopston
Bristol
657BBF
Handelsbanken pic
2540 The Quadrant
Aztec West
Bristol
85324AQ

31August 32 August 32August 31August
Note 2021 2021 2021 2020
f000 f000 EMO f000
I22'months] I22 moothrl I22moothri I22 moothr]
Income Restricted Unrestricted Torsi Total
Income from. charitable activities
Rent receivable 439 439 442
Investment
Income		 332 333 390
Other Income 80 80 262
1 851 852 1,094
Expenditure
Cost ofraising funds
Investment properties (22) (22) 83
Trading 4 4 9
Expenditure
on charitable		 activities
Charitable activities undertaken directly 10 661 661 671
Grant funding ofcharitable activities 10 760 760 631
1,403 1,403 2,394
Net (Expenditure)
for the		 year 1 (552) (551) (300)
Revaluation
ofinvestment		 properties (120) (120)
Net Movement of Funds 1 (672) (671) (300)
Funds brought forward at 01September 2020 18 139 36,408 36,547 36,847
Funds Carried Forward at 31August 2021 18 140 35,736 35,876 36,547

Balance S heet At 31August 2021 At 31August 2021
Graup Foundation
Note 2021 2020 2021 2020
EOOO EOOD EOOO EOOD
l33August) [33August) l33Augxxtl f33August]
Fixed Assets
Investment property 12 3,620 3,740 3,530 3,650
Social investment Property 13 19,085 19,672 19,085 19,672
Taraljlxad assets 22,705 23,412 22,615 23,322
Current Assets
Debtors 15 323 393 322 393
short term deposits 12,370 13,174 11,551 12,107
Cash at bank 804 464 693 429
Total currant assets 13,497 14,031 12,566 12,929
Current Uabllities
Creditors: Amounts falling
due within one year 16 (326) (896) (326) (896)
Net Current Assets 13,111 13,135 12,240 12,033
Total A sets less
Current Uab8itles 35,876 36,547 34,855 35,355
Net Assets 35,876 36,547 34,855 35,355
Funds ofthe Foundation
Restricted funds 18 140 139 140 139
Unrestricted funds 18 35,736 36,408 34,715 35,216
Totalsunds 35,876 36,547 34,855 35,355

Consolidated
Cash		 Flow Statement Flow Statement forthe 12months ended 31August 2021 forthe 12months ended 31August 2021
31AUgUSt 31August
note 2021 2020
6000 6000
[22meethsi (12months]
Net cash (outflow)/inflow from operating activities 23 (518) 670
Investing
octivities
Returns on investments and servicing offinance
Interest received 9 54
Net cash Inflow from Investing activities 54 109
(Decrease)/Increase
In		 cash and cash eqelvalents (464)
Cash or cdsh equivalents brought forward 13,698 12,859
Cash orcash equivalents carried forward 13,174 13,638

Summary profit and loss account 2021 2020
EOOD EOOD
(22 monthsl (22 months]
Income 770 827
770 827
Expenditure
on charitable		 activities (1,399) (1,385)
Netexpenditure (629) (558)
Revaluation of investment property (120)
Net move
m		 ear offunds P49) (558)
Total funds brought
forward		 35,355 35,633
Gift aid from subsidiary 249 280
Total funds c,rrlcdibnvord 34,855 35,355

Summary profit and loss account 2021 2020
EOOO EOOD
[22months) l22 months)
Interest receivable 2 6
Otherincome 80 261
Net Income 82 267
Interest payable
Other expenditure (4l (9)
Pro/It for the period 78 258

Summary balance sheet 2021 2020
fBoo f000
[31August[ [31August)
Current Assets 1,021 1,192
Current Uabgitles
Total net assets 1,021 1,192
Aggregate share capital and reserves 1,021 1,192

6 incoming Resources from Charitable Resources from Charitable Acuvities Acuvities 2021 2020
f000 f000
[32mouths) [11moothsi
Rent receivable from land and buildings letto University ofthe West of England 442
9 Investment Income 2021 2020
f000 6000
[31monthsl [13mouths]
Bank Interest receivable on deposits 109
Rent receivable from land and buildings 281
590

10 Analysis of Expenditure
on Charitable		 Analysis of Expenditure
on Charitable		 Analysis of Expenditure
on Charitable		 Activities 2021 2020
fooo EOOD
[ss rsonshsl its months]
Choraohle
Acrlvlrles undenoken		 Dlrenlr
Costs relating to land and buildings leased to the University ofthe West ofEngland
Operating
lease rentals		 35 39
Depreciation/impairment 557 587
622 626
Support and governance
costs		 39 45
671
Grant Fvadlap ofChorltohle
Activities
Grants to the university
ofthe		 west of England to further its support of
Memorial
bursary &other		 support 22
Wallscourt
scholarships		 15 14
Wallscourt
Professor & Fellowships		 699 593
758 629
Support and governance
costs		 2
760
This note provides
an analysis		 ofthe consolidated expenditure ofthe group as shown in the consolidated
statement		 of
financial activities on page 11.The costs have been apportioned between the charitable and the grant funding
activities on the basis ofan estimate of the time and resources spent.
2021 2020
11 Analysis ofSupport and Governance Costs fooo EOOD
Management
charge lsee note		 7) 34
Governance
costs		 6
Audit fees 7
41 47
Apportioned
Charitable
activities undertaken		 directly 39 45
Grant funding
on charitable
activities
41 47

12 Investment
ProPerty		 Investment
ProPerty		 Group Foundation
2021 2020 2021 2020
EOOO EOOO EOOO EOOO
[31Allgvst] [31Avgvttl [31August) l31August)
Hlstadral
Cast
As at31August 4,860 4,860 4,770 4,770
4,860 4,860 4,770 4,770
Valuation
Balance at015eptember 3,740 3,740 3,650 3,650
Revaluation ofproperty (120) (120)
Balance at31August 3,620 3,740 3,530 3,650
13 Social Investment Property Group Foundation
2021 2020 2021 2020
EOOO EOOO EOOO 5000
[31August[ l31August) [31August) [31August)
Cost
As at 01September 20,919 20,919 20,919 20,919
Additions
Impairment
ofproperty
Asat 31August 20,919 20,919 20,919 20,919
Depreciation
As at01September 1,247 660 1,247 660
Charge for the period 587 587 587 587
As at31August 1,834 1,247 1,834 1,247
Net BookValue
Asat31August 19,085 19,672 19,085 19,672
15 Debtors Group Foundation
2021 2020 2021 2020
f000 f000 .4000 EOOD
[31August[ [31Aug ustl [31August[ [31August[
Prepayments and accrued income 54 56 53 56
Debtors 269 337 269 337
393 322 393
There are no long term debtors
16 Creditors: Amounts Falling Due Within One Year
Group Foundation
2021 2020 2021 2020
f000 f000 f000 f000
[31August[ [31August[ [31August) [31August]
Other creditors 572 572
Accrue[a 52 60 52 60
Deferred income 244 244 244 244
VAT 30 20 30 20
326 896 896
Deferred income relates solely to rent receivable or other income received Deferred income relates solely to rent receivable or other income received in advance ofthe balance sheet
date.
Group Foundation
foee faao
Balance at 1September 2020 244 244
Amount released
in the year		 (244[ (244)
Amount deferred
in the year		 244 244
Balance as at31August 2021

18 Reserves Balance Balance
OSSep-19 Income Expenditure Revaluation Transfers 31-Aug-20
Unrestricted
funds		 EOOO EOOO EOOO EOOO EOOO EOOO
General funds (foundation) 7,012 825 (1,379) — 2,017 8,475
Subsidiary
funds		 1,214 267 (9) - (28o) 1,192
Designated
funds
Operating
reserve		 3,869 (659) 3,210
Social Investment Property reserve 20,259 (587) 19,672
Investment
Property reserve		 3,740 3,740
Building
development		 reserve 610 (491) 119
Total unrestricted funds 36,704 1,092 (1,388) 36,408
Restricted funds
John Hullah Trust fund 143 2 (6) 139
Totalrestricted
funds		 143 2 (6) 139
Total funds 36,847 1,094 (1,394) 36,547
Balance Balance
01-Sep-20 Income Expenditure Revaluation Transfers 31-Aug-21
Unrestricted
funds		 EOOO EOOO EOOO EOOO , EOOD EOOO
General funds (foundation) 8,475 769 (1,399) 1,786 9,631
subsidiary
funds		 1,192 82 (4) (249) 1,021
Designated
funds
Operating
reserve		 3,210 (831) 2,379
Social Investment Property reserve 19,672 (587) 19,085
Investment
Property reserve		 3,740 (120) 3,620
Building
development		 reserve 119 (119) 0
Total unrestricted funds 36,408 851 (1,403) (120) 35,736
Restricted funds
John Hullah Trust fund 139 1 140
Totalrestrlcted
funds		 139
Total funds 36,547 852 (1,403) (120) 35,876

Undesignated Undesignated Undesignated
Reserve Property Operating Building Restricted Tote I
31.08.2020 6'000 f'000 E'000 E'000 f'000 f'000
Social Investment
property		 19,672 19,672
Investment
Property		 3,740 3,740
Cash at bank 10,170 3,210 119 139 13,638
Other Net Current Assets (503) (503)
Total 9,667 23,412 3,2to 119 36rf47
Undesignated
Reserve Property Operating Bugdlng Restricted Total
31.08.2021 6'000 f'000 E'000 f'000 E'000 6'000
Social Investment
property		 19,085 19,085
Investment
Property		 3,620 3,620
Cash at bank 10,655 2,379 13,174
Other NetCurrentAssets (3) (3)
Total 10,652 22,705 2,379 140 35,876
20 Financial
Instruments
2021 2020
6000 f000
Financial assets measured at amortised cost 13,497 14,031
Financial liabilities measured at amortised cost (326) (896)
21 Other Financial CommItments 2021 2020
EOOO EOOO
Operating leases
Due: Within oneyear 39 39
Between one and five years 155 155
After five years 3,184 3,223
3,378 3,417

Group Foundation
2021 2020 2021 2020
EOOO EOOD fooo fooo
[11monthsl Dt months] [11monthsl [11monthsl
Transactions
with the		 University
Rent receivable 439. 442 439 442
Operating
lease rentals		 (35) (39) (35) (39)
Grants payable (758) (623) (758) (623)
Management services (33) (34) (33) (34)
(387) (254) (387) (254)
2021 2020 2021 2020
EOOO EOOO fooo EOOO
[31August) [31Auf Ust] [31august) l31Ausustl
Balances at31August
Debtor 130 130 130 130
Accruals (45) (53) (45) (53)
85 77 85 77
Reconcglation of(Loss)/Surplus for the year to Net Operating Cash Flows 2021 2020
EOOO EOOO
[31AUgUSt) [31Auf asti
Net Movement of Funds (551) (300)
Lessinterest
received		 (54) (109)
Add Depreciation 587 587
Decrease/(Increase) in debtors 70 (77)
(Decrease)/Increase in creditors falling due within one year (570) 569
Net Operating Cash Flows (518) 670