|||Page|
|---|---|---|
|Report ofthe Trustees||Ito4|
|Report ofthe Independent<br>Auditors||5to 7|
|Statement ofFinancial|Activities||
|Balance Sheet||9to 10|
|Notes to the Fiuancial|Statements|11to 17|
|Detailed Statement ofFinancial Activities 2019||18|





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||||||2020|2019|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total fmtds|Total funds|
||||funds|funds|||
|||Notes|||||
|INCOME FROM:|||||||
|Donations|||106,375||106,375|119,244|
|Investments|||52,503|16,098|68,601|82,765|
|Total income|||158,878|16,098|174,976|202,009|
|EXPENDITURE ON:|||||||
|Investment<br>management|costs||9,792|2,843|12,635|12,428|
|Charitable<br>activities|||340,728||340,728|127,790|
|Total expenditure|||350,520|2,843|353,363|140,218|
|Net gains/losses<br>on investments|||(82,497)|(51,984)|(134,481)|6,982|
|NET INCOME|||(274,139)|(38,729)|(312,868)|68,773|
|RECONCILIATION|OF FUNDS||||||
|Total funds brought forward|||2,195,700|860,986|3.056,686|2,987,913|
|TOTAL FUNDS CARRIED FORWARD|||1,921,561|822,257|2,743,818|3,056,686|





|BALANCE SHEET<br>AT 31STJULY 2020||||
|---|---|---|---|
|||2020|2019|
|||Total funds|Total funds|
||Notes|||
|FIXEDASSETS||||
|Investments||2 576673|2 720 308|
|CURRENT ASSETS||||
|Debtors|12|4,550|4,896|
|Cash at bank||367,064|337,452|
|||371,614|342,348|
|CREDITORS||||
|Amounts<br>falling due within one year|13|(204,469)|(5,970)|
|NET CURRENT ASSETS||167,145|336,378|
|TOTAL ASSETSLESSCURRENT||||
|LIABILITIES||2,743,818|3,056,686|
|NKT ASSETS||2,743,818|3,056,686|
|FUNDS||||
|Unrestricted<br>funds||1,921,561|2,195,700|
|Restricted funds||||
|Chipp fund||646,417|685,146|
|Griffith||175,840|175,840|
|||822,257|860,986|
|TOTAL FUNDS||2,743,818|3,056,686|





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|4.|DONATIONS||||||
|---|---|---|---|---|---|---|
||||||2020|2019|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|funds|Funds|
||||6||f|f|
||Loan repayments||||||
||Parental<br>and other donations||106,375||106,375|119,244|
||||106,375||106,375|119,244|
|5.|INVESTMENT INCOME||||||
||||||2020|2019|
||||Unrestricted|Restricted|Total|Total|
||||Funds|funds|Funds|Funds|
||Dividends<br>from investments||51,960|16,098|68,058|82,269|
||Deposit account interest||543||543|496|
||||52,503|16,098|68,601|82,765|
||INVESTMKNT MANAGEMENT|COSTS|||||
||||||2020|2019|
||||Unrestricted|Restricted|Total|Total|
||||Funds|ftmds|Funds|Funds|
||Portfolio management||9,792|2,843|12,635|12,428|
|7.|CHARITABLE ACTIVITIES COSTS||||||
||||||Direct costs|Totals|
||Education grants||||307,876|307,876|
||Studentloans||||||
||School equipment||||27,703|27,703|
||Governance<br>costs (note 8)||||5,149|5,149|
||||||340,728|340,728|





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||||||2020|2019|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|Funds|Funds|
|||||f.|||
|Accountancy|||3,120||3,120|3,000|
|Administrative||cost|109||109|165|
|Auditors'|remuneration||1,920||1,920|1,980|
||||5,149||5,149|5,145|
|NET INCOME|||||||
|Net income is stated alter charging/(crediting):|||||||
||||||2020|2019|
|||||||f.|
|Auditors'|remuneration||||1,920|1,980|



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||Listed|
|---|---|
||investments|
|MARKET VALUE||
|At 1stAugust 2019|2,720,308|
|Additions|692,879|
|Disposals|(709,486)|
|Revaluations|~127,028)|
|At 31stJuly 2020|2,576,673|
|NET BOOKVALUE||
|At 31stJuly 2020|2,576,673|
|At 31stJuly 2019|2,720,308|





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||||||Unrestricted|Restricted|Restricted|
|---|---|---|---|---|---|---|---|
|Listed invesnnents||||Total funds|funds|funds|funds|
||||||||Griffith|
||||||General<br>fund|Chipp Bequest|Bequest|
||||||f.|||
|Market value|at beginning|of|the year|2,720,308|2,091,152|621,699|7,457|
|Acquisitions|at cost|||692,879|410,837|282,042||
|Disposal cost at carrying<br>value<br>Net uurealised<br>gains/(losses)<br>on revaluation||||(709,486)<br>~727,028|(402,187)<br> ~82940|(299,842)<br> ~44,088|(7,457)|
|Market value|at end ofyear|||2,576,673|2,016,862|559,811||
|Cost at year end||||2298,749|1,764,171|534,578||
|DEBTORS:|AMOUNTS|FALLING DUE||WITHIN ONE|YEAR|||
|||||||2020|2019|
|Tsx||||||4,550|4,896|
|||||||4,550|4,896|



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|||||||2020|2019|
|---|---|---|---|---|---|---|---|
||Accruals|||||204,469|5,970|
|14.|MOVEMENT IN FUNDS|||||||
||||||Net movement|Transfers||
|||||At 1.8.19|in funds|between funds|At 31.7.20|
||||||6|f.||
||Unrestricted||funds|||||
||General fund|||2,195,700|(274,139)||1,921,561|
||Restricted|funds||||||
||Chipp fund|||685,146|(38,729)||646,417|
||Gtiftith|||175,840|||175,840|
|||||860,986|~38,729)||822,257|
||TOTAL FUNDS|||3,056,686|~312,868)||2,743,818|





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|||At 1.8.18 Net movement|At 1.8.18 Net movement|Transfer|At 31.7.19|
|---|---|---|---|---|---|
||||in funds|between funds||
|Unrestricted|funds|||||
|General fund||2,106,623|89,077||2,195,700|
|Restricted funds||||||
|Chipp fund||694,285|(9,139)||685,146|
|Griffith||187,005|~11,165)||175,840|
|||881,290|(20,304)||860,986|
|TOTAL FUNDS||2,987,913|68,773||3,056,686|



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|Accumulat|ed<br>unspent<br>income in the above Funds is|:||
|---|---|---|---|
|||Ch pp|Griffith|
|At beginning ofyear||47,067|69,396|
|Movement|in year|13,255||
|At end of|year|60,322|69,396|





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||||Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|---|
||||Funds|Funds|2020|
||||||8|
|Inveshnents|||2,016,862|559,811|2,576,673|
|Current|assets||109,168|262,446|371,614|
|Creditors|less than|1 year|(204,469)||(204,469)|
|Net assets|||1,921,56]|822,257|2,743,818|



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||||||2019|2018|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total funds|Total funds|
||||funds|funds|||
|||Notes|||||
|INCOME FROM:|||||||
|Donations|||119,244||119,244|104,973|
|Investments|||59,796|22,969|82,765|85,093|
|Total income|||179,040|22,969|202,009|190,066|
|EXPENDITURE ON:|||||||
|Investment<br>management|costs||9,524|2,904|12,428|12,849|
|Charitable<br>activities|||127,790||127,790|136,852|
|Total expenditure|||137,314|2,904|140,218|149,701|
|Net gains/losses<br>on investments|||47,351|(40,369)|6,982|56,158|
|NKT INCOME|||89,077|(20,304)|68,773|96,523|
|RECONCILIATION|OF FUNDS||||||
|Total funds brought forward|||2,106,623|881,290|2,987,913|2,891,390|
|TOTAL FUNDS CARRIED FORWARD|||2,195,700|860,986|3,056,686|2,987,913|