2021-08-31-accounts - Birkenhead School Foundation Trust

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Trustees		Mrs LA C Dodd BA(Hons) Chartered	Mrs LA C Dodd BA(Hons) Chartered	Mrs LA C Dodd BA(Hons) Chartered
		FCSI (Chair)
		Mr M R Feeny LLB
		Mr H E R FitzHerbert		BA(Hons)
		PGCE
		Dr J K Moore OBE FRCA MBA
		Mr Edward	Rice FRICS
		Mrs Kirsten	Pankhurst
		Mr P RVicars MA
		Mr AJ Cross LLB(Hons)
		Mr M R Cashin MA
Charity number		1068650
Auditor		McLintocks	(NW) Limited
		46 Hamilton	Square
		Birkenhead
		Wirral
		Merseyside
		CH41 SAR
Bankers		National Westminster		Bank Pic
		2 Grange Road West
		Birkenhead
		Wirral
		Merseyside
		CH414DF
Solicitors		DWF LLP
		5St Paul's	Square
		Old Hall Street
		Liverpool
		Merseyside
		L3 9AE
Investment	advisors	Rathbone	Investment	Management
		Port of Liverpool
		Pier Head
		Liverpool
		Merseyside
		L3 1NW

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
			2021	2021	2021	2020	2020	2020
		Notes		F
~n~Lgm:
Donations and legacies			193,557	19,861	213,418	162,064	15,214	177,278
Other trading activities			1,837	7,929	9,766	1,878	10,901	12,779
Investments			148,351	2,198	150,549	143,664	3,201	146,865
Total income			343,745	29,988	373,733	307,606	29,316	336,922
Raising funds			37,724		37,724	35,367		35,367
Charitable activities		8	155,883	51,288	207,171	138,325	63,453	201,778
Total resources expended			193,607	51,288	244,895	173,692	63,453	237,145
Net gains/(losses)		on
investments		12	918,857		918,857	238,390		238,390
Net movement	in	funds	1,068,995	(21,300)	1,047,695	372,304	(34,137)	338,167
Fund balances	at 1
September 2020			5,208,337	117,232	5,325,569	4,836,033	151,369	4,987,402
Fund balances	at	31August
2021			6,277,332	95,932	6,373,264	5,208,337	117,232	5,325,569

Fixed assets	Fixed assets
Tangible assets				51,996		55,024
investment investments	properties			340,108 5,9M,167		332,918 4,958,188
				6,327,271
			21,499
			21"I,615
			233,114		189,361
Creditors:	amounts	feliino due vvtthtn
one peer			(187,121)		(187,920)
Net current	assets/{liabilities)
Total assets less current liabilities				6,373,264
income funds
Restricted	funds			95,932		117,232
Unrestncted	funds			6,277,332		5,208„337

				2021		2020
			Notes			R
Cash flows from operating		activities
Cash (absorbed by)/generated		from	22
operations					(26,394)		81,455
Investing	activities
Purchase	of investment property			(7,190)
Purchase	ofother investments			(867,631)		(1,156,605)
Proceeds	on disposal ofother investments			807,507		1,014,392
Investment	income received			150,549		146,865
Net cash	generated from investing
activities					83,235		4,652
Net cash	used in financing	activities
Net increase in cash and cash equivalents					56,841		86,107
Cash and	cash equivalents at beginning		ofyear		154,774		68,667
Cash and	cash equivalents	at end ofyear			211,615		154,774

6	Raising fu	n	ds
					Unrestricted	Unrestricted
					funds	funds
					2021	2020
					f
	T~ra in cc		ta
	Depreciation and impairment				3,028	3,028
	Investment		m n	ment	34,696	32,339
					37,724	35,367
7	Charitable		activities
					Grants	Grants
					payable	payable
					2021f	2020f
	Charitable		donations		13,131	16,622
	Grant funding ofactivities (see note 8)				190,617	181,831
	Share of support costs (see note 9)				123	175
	Share ofgovernance			costs (see note 9)	3,300	3,150
					207,171	201,778
	Analysis by fund Unrestricted funds				155,883	138,325
	Restricted		funds		51,288	63,453
					207,171	201,778
8	Grants payable
					2021f	2020f
	Grants to	institutions:
	Birkenhead		School		190,617	181,831

2021	2020
Number	Number

	The historical cost of	the investments	is E4,224,083(2020E3,961,184)
16	Financial instruments			2021	2020
					R
	Carrying amount of	financial assets
	Instruments measured	at fair value through	profit or loss	5,853,539	4,764,651
17	Debtors
	Amounts falling due	within one year:		2021f	2020
	Other debtors			21,499	14,587
18	Creditors: amounts	falling due within one year
				2021	2020
	Other taxation and social security				239
	Other creditors			176,577	177,231
	Accruals and deferred	income		10,544	10,450
				187,121	187,920

			Movement	in funds		Movement	in funds
	1	Balance at September 2019	Incoming resources	Resources expended	Balance at 1 September 2020	Incoming resources	Resources expended	Balance at 31August 2021
								R
Bursaries		140,192	18,415	(46,831)	111,776	21,764	(40,617)	92,923
Fundraising activities		11,177	10,901	(16,622)	5,456	8,224	(10,671)	3,009
		151,369	29,316	(63,453)	117,232	29,988	(51,288)	95,932

Analysis of net assets between funds
		Unrestricted	Restricted	Total
		funds	funds
Fund balances at 31August 2021 are represented	by:
Tangible assets		51,996		51,996
Investment properties		340,108		340,108
Investments		5,842,244	92,923	5,935,167
Current assets/(liabilities)		42,984	3,009	45,993
		6,277,332	95,932	6,373,264

	There were	no disclosable related	no disclosable related	party transactions	party transactions	during the year (2020-none).	during the year (2020-none).
22	Cash generated from operations						2021	2020
	Surplus for	the year					1,047,695	338,167
	Adjustments	for:
	Investment	income recognised	in statement		offinancial	activities	(150,549)	(146,865)
	(Gain)/loss	on disposal of investments					(53,466)	74,524
	Fair value gains and losses on		investments				(865,391)	(312,914)
	Depreciation	and impairment oftangible fixed assets					3,028	3,028
	Movements	in working capital:
	(Increase)/decrease in debtors						(6,912)	127,910
	(Decrease)	in creditors					(799)	(2,395)
	Cash (absorbed by)/generated		from operations				(26,394)	81,455
23	Analysis ofchanges in net funds
	The charity	had no debt during	the	year.