## ## ||||Page|| |---|---|---|---|---| |Reference and Administrative|Details|||| |Report ofthe Trustees||2|to|9| |Report ofthe Independent
Auditors||10|to|11| |Group Statement ofFinancial|Activities||12|| |Group Balance Sheet|||13|| |Charity Balance Sheet|||14|| |Group Cash Flow Statement|||15|| |Notes to the Group Cash Flow|Statement||16|| |Notes to the Financial Statements||17 io||31| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |RISKS AND|UNCERTAI|UNCERTAI|NTIES|NTIES|||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |The directors|assess the||major||risks to which the charity
is exposed on an ongoing
basis and formally||||within||| |its
Risk
Register||every|six months.||||The|directors
identified
the
following
as the
principal
risks||and|| |uncertainties|facing the charity.||||Also|set out are the control procedures
in place to mitigate
against|||those||| |risks.|||||||||||| |Possible risk||||||||Control Procedure|||| |Dependency
on one primary||||income||||The charity has set up various mechanisms
to monitor the|||| |source (and lack||ofcontrol)||||||financial
interconnector
it has with Ruskin
Mill Trust Limited|||| |||||||||(through
it being the charity's
primary
tenant).
Work is|||| |||||||||ongoing to identify ways to exploit and diversify
income|||| |||||||||sources.
The directors have also reviewed
the charity's|||| |||||||||reserves
policy (see further
below).|||| |Cash flow sensitivities||||||||The directors ensure that the charity's
Finance Manager|||| |||||||||identifies
all major sensitivities,
particularly
around the|||| |||||||||charity's
capital programmes.
The Finance Manager
provides|||| |||||||||detailed cash flow projections
(with prudent
assumptions)
to|||| |||||||||the directors at their regular
board meetings.|||| |Public liability|issues arising|||from||||The charity continues to work with Ruskin
Mill Trust Limited||to|| |inadequate
management|||of|the|charity's|||improve the process for ensuring
that all the Tenants take|||| |estate, including
backlog|||of|||||responsibility
for maintenance
ofthe properties.
Ruskin
Mill|||| |maintenance||||||||Trust has employed
a full-time
maintenance
manager
who has|||| |||||||||the specific task ofdeveloping
and managing
compliance
of||a|| |||||||||schedule ofcondition.|||| |Risks associated||with specific||||||Where risks are on leased land/property,
the charity reviews|||| |properties: canal||banks,|roads,||landslip|||and monitors
the tenant's
risk-management
policy to ensure|||| |||||||||that it complies
with all relevant
operational
policies (re how||to|| |||||||||keep students,
staff and the public safe).|||| |Sorrowing||||||||The directors
require that the charity's
Finance Manager|||| |||||||||continuously
appraises
future income streams to service the|||| |||||||||debt.
The Finance Manager also undertakes
periodic detailed|||| |||||||||reviews of the terms of all borrowing
(rates available fixed,|||| |||||||||capped, variable etc.) and re-structures
debt ifappropriate|||| |||||||||and approved
by the directors.
The charity makes use of|||| |||||||||appropriate
professional
advice.|||| |Unsatisfactory|fundraising||/|shorffalls||||The charity has a good record offundraising
to meet shortfalls|||| |||||||||for its projects.
The fundraising
team has remained
stable|||| |||||||||and works consistently
with the project development
teams|to||| |||||||||ensure strong communication
offundraising
targets.|||| |Reserves policy|||||||||||| |It is the policy of||the Trustee to use surpluses
generated
by the activities of the charity to both repay||||||||loans|| |secured
against||its land|and||buildings,||and to invest
in their
improvement.
The Trustee
undertakes||||an| |annual
review|of|the current||and anticipated||||income and expenditure
levels with the purpose
of ensuring||that|| |adequate
liquid assets exist to|||||meet|all|the liabilities of the charity as they fall due.
In the event that|||liquid|| |assets were found to be inadequate,||||||it|is the trustee
policy to dispose
of such assets as may be required,||||| |either by outright||sale or|sale and leaseback, to increase
liquid assets to a level at which the charity is able||||||||to| |meet all its liabilities as they||||fall|due.|Reserves at 31August 2020 stood at L14,930,321.|||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||||||31.8.20|31.8.19| |---|---|---|---|---|---|---|---|---|---| |||||||Unrestricted|Restricted|Total|Total| |||||||fund|funds|funds|funds| ||||||Notes|6|6|6|6| |INCOME AND ENDOWMENTS|||FROM||||||| |Donations
and legacies|||||2|322,579||322,579|987,898| |Charitable
activities|||||||||| |Educational
and rental||income||3||1,114,044||1,114,044|1,085,809| |Charitable
income within subsidiaries||||||302,147||302,147|272,474| |Otherincome||||||514,122||514,122|496,185| |Total||||||2,252,892||2,252,892|2,842,366| |EXPENDITURE ON|||||||||| |Raising funds|||||4|52,753||52,753|74,664| |Charitable
activities|||||||||| |Educational
and rental||||5||1,226,426||1,226,426|1,249,906| |Charitable
expenditure||within subsidiaries||||336,376|8,674|345,050|282,937| |Other||||||285,818||285,818|392,295| |Total||||||1,901,373|8,674|1,910,047|1,999,802| |NET INCOME||||||351,519|(8,674)|342,845|842,564| |Transfers
between funds|||||20|5,293,269|~5,293,269)||| |Net movement
in funds||||||5,644,788|(5,301,943)|342,845|842,564| |RECONCILIATION
OF||FUNDS|||||||| |Total funds brought|forward|||||9,246,016|5,341,460|14,587,476|13,159,449| |Life Science Trust funds at 10|||May|2019|||||585,463| |TOTAL FUNDS CARRIED FORWARD||||||14,890,804|39,517|14,930,321|14,587,476| ||||||31.8.20|31.8.19| |---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Total|Total| ||||fund|funds|funds|funds| ||Notes||6|6||F| |FIXEDASSETS||||||| |Tangible assets|12|21,272,871|||21,272,871|20,681,816| |Social investments|13||1,887,564||1,887,564|1,991,324| |||23,160,435|||23,160,435|22,673,140| |CURRENT ASSETS||||||| |Debtors|15||538,195||538,195|187,925| |Cash at bank|||432 339|39517|471 856|2427 190| ||||970,534|39,517|1,010,051|2,615,115| |CREDITORS||||||| |Amounts
falling due within one year|16||(2,344,836)||(2,344,836)|(3,205,720)| |NET CURRENT ASSETS||~1,374 302)||39 517|~1334795)|~590505)| |TOTAL ASSETSLESSCURRENT||||||| |LIABILITIES||21,786,133|||21,825,650|22,082,535| |CREDITORS||||||| |Amounts
falling due after more than one year 17|||(6,895,329)||(6,895,329)|(7,495,059)| |NET ASSETS|||14,890,804|39,517|14,930,321|14,587,476| |FUNDS|20|||||| |Unrestricted
funds|||||14,890,804|9,246,016| |Restricted
funds|||||39,517|5,341,460| |TOTAL FUNDS|||||14,930,321|14,587,476| ||||||31.8.20|31.8.19| |---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Total|Total| ||Notes||fund
F|funds|funds
f|fundsf| |FIXEDASSETS||||||| |Tangible assets|12|20,684,054|||20,684,054|20,220,125| |Investments|14||2||2|2| |||20,684,056|||20,684,056|20,220,127| |CURRENT ASSETS||||||| |Debtors|15||1,658,120||1,658,120|1,347,246| |Cash at bank|||96,375||96,375|2,007,452| ||||1,754,495||1,754,495|3,354,698| |CREDITORS||||||| |Amounts
falling due within one year|15||(2,156,088)||(2,156,088)|(3,158,155)| |NET CURRENT ASSETS||~401,593)|||~403,593)|195,543| |TOTAL ASSETSLESSCURRENT||||||| |LIABILITIES|||20,282,463||20,282,463|20,416,670| |CREDITORS||||||| |Amounts
falling due after more than one|year 17||(5,505,598)||(5,505,598)|(6,038,979)| |NET ASSETS|||14,776,865||14,776,865|14,377,691| |FUNDS|20|||||| |Unrestricted
funds|||||14,776,865|9,087,983| |Restricted funds||||||5,289,708| |TOTAL FUNDS|||||14,776,865|14,377,691| ## ||||||31.8.20|31.8.19| |---|---|---|---|---|---|---| |||||Notes||E| |Cash flows from|operating||activities|||| |Cash generated
from operations
Interest paid||||1|392,925
~52,753)|1,166,395
~74,664)| |Net cash provided|by operating
activities||||340,172|1,091,731| |Cash flows from|investing||activities|||| |Purchase oftangible
fixed assets|||||~948,097)|)1 490,323)| |Net cash used
in|investing|activities|||~948,097)|~3,490,323)| |Cash flows from|financing||activities|||| |Capital repayments
in the year|||||~587,097)|~380,484)| |Net cash used
in|financing|activities|||~587,097)|~380,484)| |Change
in cash|and cash||equivalents|||| |in the reporting|period||||(1,195,022)|(779,076)| |Cash and cash equivalents|||at the|||| |beginning
ofthe|reporting||period|2|36,600|815,676| |Cash and cash equivalents|||at the end|||| |ofthe reporting|period|||2|~1,358,422)|36,600| ## ## |RECONCILIATION|OF|NET INCOME TO NET|NET INCOME TO NET|CASH FLOW FRONI OPERATING ACTIVITIES|CASH FLOW FRONI OPERATING ACTIVITIES|CASH FLOW FRONI OPERATING ACTIVITIES| |---|---|---|---|---|---|---| ||||||31.8.20|31.8.19| ||||||6|F| |Net income for the|reporting||period (as per the Group|||| |Statement of Financial||Activities)|||342,845|842,564| |Adjustments
for:||||||| |Depreciation
charges|||||460,802|427,217| |Interest paid|||||52,753|74,664| |Increase
in debtors
Decrease
in creditors|||||(350,270)
~3)3,205|(60,207)
~1)7,843)| |Net cash provided|by|operations|||392,925|1,166,395| |ANALYSIS OF CASH AND CASH EQUIVALENTS||||||| ||||||31.8.20|31.8.19| ||||||6|6| |Notice deposits (less than 3months)|||||471,856|2,427,190| |Overdrafts
included|in bank loans and overdrafts|||falling due within one||| |year|||||~),830,278)|~2, 390,590)| |Total cash and cash|equivalents||||)),)58422)|36,600| |ANALYSIS OF CHANGES
IN|||NET DEBT|||| |||||At 1.9.19|Cash flow|At 31.8.20| |||||||6| |Net cash||||||| |Cash at bank
Bank overdraft||||2,427,190
)2,390,590)|(1,955,334)
760,312|471,856
)),630,278)| |||||36,600|)1,195,022)|~),158,422)| |Debt||||||| |Debts falling due within||1 year||(652,000)|47,402|(604,598)| |Debts falling due after 1 year||||~6,074,005)|539,695|)5,534,310)| |||||)8728005)|587097|)6,)38908)| |Total||||~6,689,405)|~607,925)|)7,297,330)| ## ## ## ## ## ## ## ## ## ## ## ## ||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |2.|DONATIONS
AND LEGACIES||||||||||| |||||||||||31.8.20|31.8.19| ||Grants|||||||||322,579|987,898| ||Grants received,||||included||in the above,|are as follows:|||| |||||||||||31.8.20|31.8.19| |||||||||||F|6| ||Heritage||Lottery||Fund|||||171,594|448,702| ||Ruskin|Mill||Trust||||||70,000|243,985| ||Other donations|||||||||55,885|268,580| ||International|||Festival||ofGlass||||25,100|26,631| |||||||||||322,579|987,898| |3.|INCOME||FROM||CHARITABLE ACTIVITIES||||||| |||||||||||31.8.20|31.8.19| ||||||||Activity||||| ||Rental income||||||Charitable|Activities||1,089,417|1,027,675| ||International|||Festival||of|||||| ||Glass||||||Charitable|Activities||24,627|47,184| |||||||||||1,114,044|1,085,809| |4.|RAISING||FUNDS||||||||| ||Raising|donations||||and|legacies||||| |||||||||||31.8.20|31.8.19| |||||||||||8|| ||Interest|payable|||and|similar charges||||52,753|74,664| |5.|CHARITABLE ACTIVITIES COSTS||||||||||| |||||||||||Grant|| |||||||||||funding
of|| |||||||||||activities|| ||||||||||Direct|(see note|| ||||||||||Costs|6)|Totals| |||||||||||8|6| ||Charitable|||Activities|||||1,205,643|20,783|1,226,426| |6.|GRANTS||PAYABLE||||||||| |||||||||||31820|31.8.19| |||||||||||F|| ||Charitable|||Activities||||||20,783|18,150| ## ## ## ## ## |Reimbursed
expenses
of f3,835 (2019
—62,
company
during the year.|354) were
paid
to a trustee
of the
u|ltimate
pare| |---|---|---| |STAFF COSTS||| ||31.8.20|31.8.19| |Wages and salaries|676,303|674,542| |Other pension costs|27,089|22,592| ||703,392|697,134| |The avera|ge
|monthly
number ofemployees
during the y|ear was as follows:|| |---|---|---|---|---| ||||31.8.20|31.8.19| |Teaching|||14|19| |Care support||and other direct labour|4|| |Management|||4|| |Research|and|Development|2|| ||||24|24| ## ## ## ## |NOTES TO THE FINANCIAL
STATEMENTS - continue
FOR THE YEAR ENDED 3'I AUGUST 2020|NOTES TO THE FINANCIAL
STATEMENTS - continue
FOR THE YEAR ENDED 3'I AUGUST 2020|NOTES TO THE FINANCIAL
STATEMENTS - continue
FOR THE YEAR ENDED 3'I AUGUST 2020|d|| |---|---|---|---|---| |COMPARATIVES
FOR THE STATEMENT OF FINANCIAL ACTIVITIES||||| |||Unrestricted|Restricted|Total| |||fund|funds|funds| |||f|F|F| |INCOME AND ENDOWMENTS|FROM|||| |Donations
and legacies||417,396|570,502|987,898| |Charitable
activities||||| |Education
and rental income||1,085,809||1,085,809| |Charitable
income within subsidiaries||272,474||272,474| |Other income||496,185||496,185| |Total||2,271,864|570,502|2,842,366| |EXPENDITURE ON||||| |Raising funds||74,664||74,664| |Charitable
activities||||| |Education
and rental||907,351|342,555|1,249,906| |Charitable
expenditure
within subsidiaries||282,937||282,937| |Other||392295||392295| |Total||1,657,247|342,555|1,999,802| |NET INCOME||614,617|227,947|842,564| |Transfers
between funds||8,548|(8,548)|| |Net movement
in funds||623,165|219,399|842,564| |RECONCILIATION
OF FUNDS||||| |Total funds brought
forward||8,100,689|5,058,760|13,159,449| |Life Science Trust funds as at|10May 2019|522,162|63,301|585,463| |TOTAL FUNDS CARRIED FORWARD||9,246,016|5,2341,460|14,587,476| ## ## ## ## |TANGIBLE FIXEDASSETS||||| |---|---|---|---|---| |||Specialised|Non-specialised|| |Group||freehold|freehold|Short| |||land and|land and|leasehold| |||buildings|buildings|properties| |||6|6|F| |COST||||| |At 1 September 2019||13,571,562|2,729,000|807,043| |Additions||139,639|722,000|| |Reclassification||4,572,949||| |At 31August 2020||18,284,150|3,451,000|807,043| |DEPRECIATION||||| |At 1 September 2019||765,281|144,900|50,823| |Charge for year||272,518|60,020|16,140| |At 31 August 2020||1,037,799|204 920|66963| |NET BOOK VALUE||||| |At 31 August 2020||17,246,351|3,246,080|740,080| |At 31 August 2019||12,806,281|2,584,100|756,220| ||Assets|Fixtures||| ||under|and|Computer|| ||construction|fittings|equipment|Totals| |||E|5|F| |COST||||| |At 1 September 2019|4,514,604|33,583|18,370|21,674,162| |Additions|82,345|4,113||948,097| |Reclassification|~4872,949)|||| |At 31 August 2020|24,000|37,696|18,370|22,622,259| |DEPRECIATION||||| |At 1 September 2019||13,824|17,518|992,346| |Charge for year||7512|852|357042| |At 31August 2020||21,339|18379|1,349,388| |NET BOOK VALUE||||| |At 31 August 2020|24,000|16,360||21,272,871| |At 31 August 2019|4,514,604|19,759|852|20,681,816| ## ## |TANGIBLE FIXEDASSETS||||| |---|---|---|---|---| |||Specialised|Non-specialised|| |Charity||freehold|freehold|Short| |||land and|land and|leasehold| |||buildings|buildings|properties| |||6|F|6| |COST||||| |At 1 September 2019||13,116,558|2,729,000|807,043| |Additions|||722,000|| |Reclassification||4,572,949||| |At 31August 2020||17,689,507|3,451,000|807,043| |DEPRECIATION||||| |At 1 September 2019||756,781|144,900|50,823| |Charge for year||262,332|60,020|16,140| |At 31August 2020||1,019,113|204,920|66,963| |NET BOOK VALUE||||| |At 31 August 2020||16,670,394|3,246,080|740,080| |At 31 August 2019||12,359,777|2,584,100|756,220| ||Assets|Fixtures||| ||under|and|Computer|| ||construction|fittings
F|equipment
f|Totals
5| |COST||||| |At 1 September 2019|4,514,604|11,897|6,406|21,185,508| |Additions|82,345|||804,345| |Reclassification|~4,572,949)|||| |At 31August 2020|24,000|11,897|6,406|21,989,853| |DEPRECIATION||||| |At 1 September 2019||6,473|6,406|965,383| |Charge for year||1,924||340,416| |At 31 August 2020||8,397|6,406|1,305,799| |NET BOOK VALUE||||| |At 31August 2020|24,000|3,500||20,684,054| |At 31August 2019|4,514,604|5,424||20,220,125| ## ## |Group|| |---|---| |COST|| |At 1 September 2019and 31August 2020|2,991,878| |DEPRECIATION|| |At 1 September 2019|1,000,554| |Charge for year|103,760| |At 31 August 2020|1,104,314| |NET BOOK VALUE|| |At 31 August 2020|1,887,564| |At 31 August 2019|1,991,324| ## |FIXEDASSET INVESTMENTS||| |---|---|---| ||Shares|in| |Charity|glcup|| ||undertakings|| ||F|| |MARKET VALUE||| |At 1 September 2019and||| |31 August 2020||| |NET BOOK VALUE||| |At 31 August 2020||| |At 31 August 2019||| ## ## |Group||31.8.20|31.8.19| |---|---|---|---| |||F|6| |Amounts|falling due within one year:||| |Trade debtors||455,293|152,304| |Other debtors||74,764|24,212| |VAT|||11,409| |Prepayments||8,138|| |||538,195|187,925| |Charity||31.8.20|31.8.19| |Amounts|falling due within one year:||| |Trade debtors||398,293|113,530| |Other debtors||21,200|18,200| |Amounts|owed by group undertakings|41,920|10,000| |VAT|||10,789| |Prepayments||1,980|| |||463,393|152,519| |Amounts|falling due after more than one year:||| |Amounts|owed by group undertakings|1,194,727|1,194,727| |Aggregate|amounts|1,658,120|1,347,246| ## ## ## |CREDITORS: AMOLI|NTS FALLING DUE WITHIN ONE|YEAR|| |---|---|---|---| |Group|||| |||31.8.20|31.8.19| ||||F| |Bank loans and overdrafts (see note 18)||1,784,876|3,042,590| |Other loans||450,000|| |Trade creditors||22,393|87,035| |Social security and other taxes||50,519|24,386| |Other creditors||1,877|6,826| |Accruals and deferred|income|35,171|44,883| |||2,344,836|3,205,720| |Charity|||| |||31.8.20|31.8.19| |Bank loans and overdrafts (see note 18)||1,630,278|3,037,539| |Other loans||450,000|| |Trade creditors||15,762|81,740| |Social security and other taxes||40,870|19,272| |Other creditors||807|607| |Accruals and deferred|income|18,371|18,997| |||2,156,088|3,158,155| ## |CREDITORS: AMOUNTS
FALLING DUE AFTER|MORE THAN ONE YEAR|| |---|---|---| |Group|31.8.20
f|31.8.19
6| |Bank loans (see note 18)|5,534,310|6,074,005| |Other creditors|20,000|20,000| |Deferred grant income|1,341,019|1,401,054| ||6,895,329|7,495,059| |Charity||| ||31.8.20|31.8.19| |||6| |Bank loans (see note 18)|5,505,598|6,038,979| ## ## |18.|LOANS|||FOR THE YEAR ENDED 31 AUGUST 2|FOR THE YEAR ENDED 31 AUGUST 2|FOR THE YEAR ENDED 31 AUGUST 2|FOR THE YEAR ENDED 31 AUGUST 2|020|| |---|---|---|---|---|---|---|---|---|---| ||An analysis|ofthe maturity||of loans is given below:|||||| |||||||||31.8.20|31.8.19| |||||||||8|6| ||Amounts
falling due||within|one year on demand:|||||| ||Bank overdraft|||||||1,630,278|2,390,590| ||Bank loans|||||||154,598|652,000| ||Otherloans|||||||450,000|| |||||||||2,234,876|3,042,590| ||Amounts
falling between|||one and two years:|||||| ||Bank loans|- 1-2years||||||799,337|827,000| ||Amounts
falling due||between||two and five|years:|||| ||Bank loans|- 2-5 years||||||1,770,284|1,701,540| ||Amounts
falling due||in more||than five years:||||| ||Repayable|by instalments:|||||||| ||Bank loans|more 5|years|by|instalments|||2,964,689|3,545,465| |19.|SECURED|DEBTS|||||||| ||The following
secured debts||||are included|within|creditors:||| |||||||||31.8.20
f|31.8.19
6| ||Bank overdrafts|||||||1,630,278|2,390,590| ||Bank loans|||||||5,688,908|6,726,005| |||||||||7,319,186|9,116,595| ## |MOVEMENT|IN FUN|DS|||||| |---|---|---|---|---|---|---|---| ||||||Net|Transfers|| ||||||movement|between|At| |||||At 1.9.19
6|in funds
6|funds
f|31.8.20
F| |Unrestricted|funds||||||| |General fund||||9,246,016|351,519|5,293,269|14,890,804| |Restricted funds|||||||| |Capital Development
Fund
Life Science Trust Restricted|||Funds|5,289,707
51,753|~8,674)|(5,289,707)
~3,562)|39,517| |||||5,341,460|~8674|~5293269|39517| |TOTAL FUNDS||||14,587,476|342,845||14,930,321| |Net mov|emen|t
in fun|ds,
inclu|ded
in the above a|re as follows:||| |---|---|---|---|---|---|---|---| ||||||Incoming|Resources|Movement| ||||||resources|expended|in funds| ||||||F|6|| |Unrestricted||funds|||||| |General|fund||||2,252,892|(1,901,373)|351,519| |Restricted funds|||||||| |Capital|Development||Fund||||| |Life Science||Trust Restricted||Funds||(8,674)|(8,674)| |TOTAL|FUNDS||||2,252,892|~),970,047)|342,845| ## |Compar|atives|for m|ovement
in funds||||| |---|---|---|---|---|---|---|---| ||||||Life Science||| ||||||Trust|Net|| ||||||reserves at|movement|At| |||||At 1.9.18|10.5.19|in funds|31.8.19| ||||||6||F| |Unrestricted||funds|||||| |General|fund|||8,100,689|522,162|623,165|9,246,016| |Restricted funds|||||||| |Capital
Development
Fund
Life Science Trust Restricted Funds||||5,058,760|63301|230,947
~7) 548)|5,289,707
51 753| |||||5 058 760|63301|219 399|5 341 460| |TOTAL|FUNDS|||13,159,449|585,463|842,564|14,587,476| ## ## |Comparative
net mov|ement
in funds,
included
i|n the above are as follow|s:|| |---|---|---|---|---| |||Incoming|Resources|Movement| |||resources
f|expended
6|in funds
6| |Unrestricted
funds||||| |General
fund||2,271,864|(1,648,699)|623,165| |Restricted funds||||| |Capital Development
Fund
Life Science Trust Restricted Funds||570,502|(339,555)
~1),548)|230,947
~1),548)| |||570,502|~351,)03|219,399| |TOTAL FUNDS||2,842,366|~),999,802)|842,564| ||||||Net|Transfers|| |---|---|---|---|---|---|---|---| ||||||movement|between|At| |||||At 1.9.18|in funds|funds|31.8.20| ||||||6||6| |Unrestricted
funds|||||||| |General|fund (including||Life Science|8,622,851|974,684|5,293,269|14,890,804| |Trust at|10.5.19)||||||| |Restricted funds|||||||| |Capital Development
Fund
Life Science Trust Restricted Funds||||5,058,760
63,301|230,947
~20,222)|(5,289,707)
~3,562)|39,517| |||||5,122,061|210,725|~5,293,269|39,517| |TOTAL|FUNDS|||13744 912|1 185409||14,930,321| |above a|re as|follows:|||||| |---|---|---|---|---|---|---|---| ||||||Incoming|Resources|Movement| ||||||resources|expended|in funds| ||||||6|6|6| |Unrestricted||funds|||||| |General|fund||||4,524,756|(3,550,072)|974,684| |Restricted funds|||||||| |Capital Development
Fund
Life Science Trust Restricted||||Funds|570,502|(339,555)
~20,222)|230,947
~20,222)| ||||||570,502|~359,777|210,725| |TOTAL|FUNDS||||5,095,258|~3,909,849)|1,185,409| ## ## ## ## ## ## ## ## ## ## ||||Period| |---|---|---|---| ||||11.5.19| ||||to| |||31.8.20|31.8.19| |||6|F| |Charitable|income|48,178|15,320| |Charitable
Governance|expenditure
costs|(66,959)
~4,515)|(19,347)
~3,018)| |Net expenditure||~23,296)|~7,045)| |Funds carried forward||555,122|578,418| ##