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|connection<br>with the School|connection<br>with the School|little induction<br>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<br>dk Co|||
|||Exchange House|||
|||Knowsley Street|||
|||Bury BL9OST|||
|Legal Advisers||Womble Bond Dickinson (UK) LLP|||
|||St Ann's Wharf|||
|||112Quayside|||
|||Newcastle<br>upon|Tyne|NE1 3DX|





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||||2020|||2019||
|---|---|---|---|---|---|---|---|
||Note|Endowment|Restricted|Total|Endowment|Restricted|Total|
|||f|f|f|f|f|f|
|INCOMING RESOURCES||||||||
|Generated<br>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<br>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<br>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<br>gains/(losses)|on|(134,721)|(20,058)|(154,779)|(37,890)|(4,597)|(42,487)|
|investment<br>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||||||||





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||Note|2020f|2019<br>6|
|---|---|---|---|
|Fixed Asset Investments||598,328|745,960|
|Current Assets||||
|Nominee Cash Account||11,870|18,698|
|||11,870|18,698|
|Less: Current<br>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<br>Funds||506,968|651,708|
|Restricted Funds||102,162|111,900|
|||609,130|763,608|





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|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<br>OFNET OUTGOING RESOURCES TO||||
|NET CASH FLOW FROM OPERATIONS||||
|Net Incoming/(Outgoing)<br>Resources|301||(12,634)|
|Investment<br>Income|(38,672)||(35,582)|
|Increase/(Decrease)<br>in Creditors|18||30|
|NET CASH OUTFLOW FROM OPERATIONS|(38853)||(48,186)|
|ANALYSIS OFCHANGES IN NET CASH RESOURCES|I"Sept2019<br>f|Movement|31"Aug 2020|
|Cash at Bank and in hand|18,698|(6,828)|11470|





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|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<br>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|





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||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<br>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|