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|||Page|
|---|---|---|
|Report ofthe Trustees||1 to4|
|Report ofthe Independent
Auditors||5 to 7|
|Statement ofFinancial|Activities||
|Balance Sheet||9to 10|
|Notes to the Financial|Statements|11 to 17|
|Detailed Statement of|Financial Activities 2020|18|
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|FOR THK YEAR END|ED 31STJULY 2021||||||
|---|---|---|---|---|---|---|
||||||2021|2020|
||||Unrestricted|Restricted|Total funds|Total funds|
||||funds|funds|||
|||Notes||I|||
|INCOME FROM:
Donations
Investments|||113,685
46,455|13,586|113,685
60,041|106,375
~68 601|
|Total income|||160,140|13,586|173,726|174,976|
|EXPENDITURE ON:
Investment
management
Charitable
activities|costs||10,370
559,495|2,930|13,300
559,495|12,635
340,728|
|Total expenditure|||569,865|2,930|572,795|353,363|
|Net gains/losses
on investments|||402,140|89,391|491,531|(134,481)|
|NET INCOME|||(7,585)|100,047|92,462|(312,868)|
|RECONCILIATION|OF FUNDS||||||
|Total funds brought forward|||1,921,561|822,257|2.743,818|3,056,686|
|TOTAL FUNDS CARRIED FORWARD|||~f1,913976|6922,304|62,836,280|82,743,818|
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||||2021|2020|
|---|---|---|---|---|
||||Total funds|Total funds|
|||Notes|||
|FIXEDASSETS|||||
|Investments|||2,817,277|2,576,673|
|CURRENT ASSETS|||||
|Debtors
Cash at bank||12|4,550
64,247|4,550
367,064|
||||68,797|371,614|
|CREDITORS|||||
|Amounts
falling due within|one year|13|(49,794)|(204,469)|
|NKT CURRENT ASSETS|||19,003|167,145|
|TOTAL ASSETSLESSCURRENT|||||
|LIABILITIES|||2,836,280|2,743,818|
|NKT ASSETS|||f2 836280|$2,743,818|
|FUNDS||14|||
|Unrestricted
funds|||1,913,976|1,921,561|
|Restricted
funds|||||
|Chipp fund
Griffith|||746,464
175,840|646,417
175,840|
||||922,304|822,257|
|TOTAL FUNDS|||g2,836,280|f2,743,818|
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|4.|DONATIONS|DONATIONS||||||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
|||||Unrestricted|Restricted|Total|Total|
|||||funds|Funds|Funds|Funds|
||||||f|||
||Loan repayments|||||||
||Parental|and other donations||113,865||113,865|106,375|
|||||113,865||113,865|106375|
|5.|INVESTMENT INCOME|||||||
|||||||2021|2020|
|||||Unrestricted|Restricted|Total|Total|
|||||Funds|Funds|Funds|Funds|
||||||f|f||
||Dividends
lrom investments
Deposit account interest|||46,438
17|13,586|60,024
17|68,058
543|
|||||46,455|13,586|60,041|68,601|
|6.|INVESTMENT MANAGEMENT||COSTS|||||
|||||||2021|2020|
|||||Unrestricted|Restricted|Total|Total|
|||||Funds|funds|Funds|Funds|
||||||f||f|
||Portfolio management|||10,370|2,930|13,300|12,635|
|7.|CHARITABLE ACTIVITIES COSTS|||||||
||Direct costs|Totals|
|---|---|---|
|Education
grants
LAET grants
School equipment|536,848
17,324|f,
536,848
17,324|
|Governance
costs (note 8)|5,323|5,323|
||559,495|559,495|
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||||||2021|2020|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|Funds|Funds|
||||f,|I|||
|Accountancy|||3,180||3,180|3,120|
|Administrative||cost|103||103|109|
|Auditors'|remuneration||2,040||2,040|1,920|
||||5,323||5,323|5,149|
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|Net income is stated after charging/(crediting):|Net income is stated after charging/(crediting):|||
|---|---|---|---|
|||2021|2020|
|||6|f.|
|Auditors'|remuneration|2,040|1,920|
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|FIXEDASSETINVESTMKNTS||
|---|---|
||Listed|
||investments|
|MARKET VALUE||
|At 1stAugust 2020|2,576,673|
|Additions|241,347|
|Disposals|(401,451)|
|Revaluations|400)708|
|At 31stJuly 2021|2,817,277|
|NET BOOK VALUE||
|At 31stJuly 2021|2,817,277|
|At 31stJuly 2020|2,576,673|
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||||||Unrestricted|Restricted|Restricted|
|---|---|---|---|---|---|---|---|
|Listed investments||||Total funds|funds|funds|funds|
||||||||Griffith|
||||||General
fund|Chipp Bequest|Bequest|
|Market value|at beginning||ofthe year|2,576,673|2,016,862|559,811||
|Acquisitions|at cost|||241,347|178,486|62,861||
|Disposal cost
Net unrealised|at carrying
value
gains/(losses)
on revaluation|||(401,451)
400 708|(348,456)
314,003|(52,995)
86705||
|Market value|at end ofyear|||2817277|2169895|656582||
|Cost at year end||||2,165,540|1,631,987|533,553||
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|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|Accruals||||||49,794|204469|
|MOVEMENT IN FUNDS||||||||
|||||Net movement|Transfers|||
||||At 1.8.20|in funds|between|funds|At 31.7.21|
|||||||E||
|Unrestricted
General
fund||funds|1921,561|~7,585)|||1,913,976|
|Restricted funds||||||||
|Chipp fund
Griffith|||646,417
175,840|100,047|||746,464
175840|
||||822,257|100,047|||922,304|
|TOTAL|FUNDS||2,743,818|92,462|||~2836,280|
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|||At 1.8.19 Net movement|At 1.8.19 Net movement|Transfer|Transfer|At 31.7.20|
|---|---|---|---|---|---|---|
||||in funds|between|funds||
||||f.||||
|Unrestricted|funds||||||
|General fund||2,195,700|(274,139)|||1,921,561|
|Restricted funds|||||||
|Chipp fund||685,146|(38,729)|||646,417|
|Griffith||175,840||||175,840|
|||860,986|(38,729)|||822,257|
|TOTAL FUNDS||3,056,686|~312868)|||2,743,818|
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|||Chipp|Griffit|
|---|---|---|---|
|At beginning ofyear||60,322|69,396|
|Movement|in year|13,586||
|At end of|year|73,908|69,396|
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||||Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|---|
||||Funds|Funds|2021|
||||f|f|f|
|Investments|||2,160,895|656,382|2,817,277|
|Current|assets||(197,125)|265,922|68,797|
|Creditors|less than|1 year|(49,794)||(49,794)|
|Net assets|||1,913,976|922,304|2,836,280|
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||||||2020|2019|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total funds|Total funds|
||||funds|funds|||
|||Notes|f.||||
|INCOME FROM:|||||||
|Donations
Investments|||106,375
52,503|16,098|106,375
68,601|119,244
~82 765|
|Total income|||158,878|16,098|174,976|202,009|
|EXPENDITURE ON:|||||||
|Investment
management|costs|6|9,792|2,843|12,635|12,428|
|Charitable
activities|||340,728|-|340,728|127,790|
|Total expenditure|||350,520|2,843|353,363|140,218|
|Net gains/losses
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 FOR3YVARD|||1,921,561|822,257|2,743,818|3,056,686|