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|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||||
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|||||||||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|
##
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##
|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|