| connection with the School |
connection with the School |
little induction is requ |
ired, | save for aspects ofcha |
|---|---|---|---|---|
| Charity Address | Farraday House | |||
| Bridge Road | ||||
| Bury BL9OHG | ||||
| Bankers | Barclays Bank Pic | |||
| 1 Central Street | ||||
| The Rock | ||||
| Bury BL9OJN | ||||
| Auditors | Horsfield &Smith | |||
| Chartered Accountants | dr, Registered Auditor | |||
| Tower House | ||||
| 269Walmersley | Road | |||
| Bury BL96NX | ||||
| Investment | Advisers | James Sharp dk Co |
||
| Exchange House | ||||
| Knowsley Street | ||||
| Bury BL9OST | ||||
| Legal Advisers | Womble Bond Dickinson (UK) LLP | |||
| St Ann's Wharf | ||||
| 112Quayside | ||||
| Newcastle upon |
Tyne | NE1 3DX |
| 2020 | 2019 | ||||||
|---|---|---|---|---|---|---|---|
| Note | Endowment | Restricted | Total | Endowment | Restricted | Total | |
| f | f | f | f | f | f | ||
| INCOMING RESOURCES | |||||||
| Generated Funds |
|||||||
| UK Dividends | 36,346 | 2,050 | 38,396 | 33,142 | 2,440 | 35,582 | |
| VAT Reclaim Refund | 276 | 276 | |||||
| Net Incoming Resources available | |||||||
| for Charitable Application |
36,346 | 2326 | 38,672 | 33,142 | 2,440 | 35,582 | |
| CHARITABLE EXPENDITURE | |||||||
| Grants | 36,793 | 36,793 | 46,073 | 46,073 | |||
| Governance | 1,578 | 1,578 | 2,143 | 2,143 | |||
| Total Resources Expended | 38,371 | 38,371 | 48316 | 48,216 | |||
| Transfer between Funds |
(36,346) | 36,346 | (33,142) | 33,142 | |||
| Applied Total Return | 5 | (10,019) | 10,019 | (17,500) | 17,500 | ||
| NET OUTGOING RESOURCES | (10,019) | 10,320 | 301 | (17,500) | 4,866 | (12,634) | |
| Unrealised gains/(losses) |
on | (134,721) | (20,058) | (154,779) | (37,890) | (4,597) | (42,487) |
| investment assets |
|||||||
| Realised gains/(losses) | |||||||
| NET MOVEMENT IN | FUNDS | (144,740) | (9,738) | (154,478) | (55,390) | 269 | (55,121) |
| Fund Balance at 1 Sept 2019 | 651,708 | 111,900 | 763,608 | 707,098 | 111,631 | 818,729 | |
| FUND BALANCE AT | 506,968 | 102,162 | 609,130 | 651,708 | 111,900 | 763,608 | |
| 31AUGUST 2020 |
| Note | 2020f | 2019 6 |
|
|---|---|---|---|
| Fixed Asset Investments | 598,328 | 745,960 | |
| Current Assets | |||
| Nominee Cash Account | 11,870 | 18,698 | |
| 11,870 | 18,698 | ||
| Less: Current Liabilities |
|||
| Creditors | 10 | 1,068 | 1,050 |
| 1,068 | 1,050 | ||
| NET CURRENT ASSETS | 10,802 | 17,648 | |
| TOTAL ASSETSLESSCURRENT LIABILITIES | 609,130 | 763,608 | |
| Endowment Funds |
506,968 | 651,708 | |
| Restricted Funds | 102,162 | 111,900 | |
| 609,130 | 763,608 |
| ORTHE YEARENDED 31~AUGUST 2020 | |||
|---|---|---|---|
| 2020f | 2019 | ||
| NET CASH OUTFLOW FROM OPERATING ACTIVITIES | (38,353) | (48,186) | |
| RETURNS ON INVESTMENTS | |||
| Income &om investments | 38,396 | 35,582 | |
| Interest Received (inc.VAT Reclaim Refund) | 276 | ||
| 38,672 | 35482 | ||
| FINANCIAL INVESTMENT | |||
| Purchase ofInvestments | 7,147 | 12,681 | |
| NET CASH (OUTFLOW) | (6,828) | (25385) | |
| RECONCILIATION OFNET OUTGOING RESOURCES TO |
|||
| NET CASH FLOW FROM OPERATIONS | |||
| Net Incoming/(Outgoing) Resources |
301 | (12,634) | |
| Investment Income |
(38,672) | (35,582) | |
| Increase/(Decrease) in Creditors |
18 | 30 | |
| NET CASH OUTFLOW FROM OPERATIONS | (38853) | (48,186) | |
| ANALYSIS OFCHANGES IN NET CASH RESOURCES | I"Sept2019 f |
Movement | 31"Aug 2020 |
| Cash at Bank and in hand | 18,698 | (6,828) | 11470 |
| NOTES TOTHE FINANCIAL ST | NOTES TOTHE FINANCIAL ST | NOTES TOTHE FINANCIAL ST | ATEMENTS | ATEMENTS | |||
|---|---|---|---|---|---|---|---|
| FORTHE YEAR ENDED 31 | AUGUST 2020 (conrrnuat) | ||||||
| 8. EXPENDITURE | |||||||
| 2020f | 2019 f |
||||||
| Administration | ofthe charity includes:- | ||||||
| Auditors' | Remuneration | 1,068 | 1,050 | ||||
| Professional | fees | 510 | 480 | ||||
| Other | 613 | ||||||
| 1478 | 2,143 | ||||||
| 9. SHORT TERM INVESTMENTS | (UK) | ||||||
| 2020 | 2019 | ||||||
| f. | |||||||
| Nominee | Account | 11,870 | 18,698 | ||||
| 11,870 | 18,698 | ||||||
| 10.CREDITORS | |||||||
| 2020f | 2019f | ||||||
| Accruals | dr. Deferred Income | 1,068 | 1,050 | ||||
| 1,068 | 1,050 | ||||||
| 11.ANALYSIS OF NET ASSETS | |||||||
| PIxed Asset | Current Assets | Liabilities | 2020 Total | ||||
| Investments | |||||||
| Endowment | 580,589 | (73,621) | 506,968 | ||||
| Restricted | 17,739 | 85,491 | (1,068) | 102,162 | |||
| I1dl70 | (1,068) | 609,130 |
| 2020 | 2019 | |
|---|---|---|
| EQUITY INVESTMENTS | ||
| BPpic | 2487 | 2,223 |
| City Merchants | 1,750 | 1,750 |
| CQS New City High Yield | 5,319 | 2,700 |
| Edinburgh | 2,865 | 2,800 |
| Glaxosmithkline | 2/40 | 2,240 |
| Henderson High Income |
1,782 | 1,746 |
| Lloyds TSB | 261 | 749 |
| Merchants | 2,992 | 2,893 |
| Royal Dutch Shell | 5,465 | 6,505 |
| Scottish Inv | 3,416 | 2,838 |
| Sequoia Economic Infrast | 3,191 | 2,662 |
| SSE | 1,383 | 1,434 |
| United Utilities | 1,150 | 1,115 |
| Vodafone | 1,261 | 1,273 |
| Witan Investment | 3,034 | 2,654 |
| 38396 | 35&582 |