|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|6|
|Report ofthe Independent
Auditors|7|to|8|
|Statement ofFinancial Activities||||
|Statement ofFinancial Position||10||
|Statement ofCash Flows||||
|Notes to the Statement ofCash Flows||12||
|Notes to the Financial Statements|13|to|19|
|Detailed Statement ofFinancial Activities||20||
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||||for the|Year Ended 30June 20|20||
|---|---|---|---|---|---|---|
||||||30/6/20|30/6/19|
||||||Unrestricted|Total|
||||||fund|funds|
|||||Notes|||
|INCOME|AND ENDOWMENTS FROM||||||
|Donations|and legacies||||207,080|241,762|
|Investment|income||||155,149|300,622|
|Total|||||362,229|542,384|
|EXPENDITURE ON|||||||
|Charitable|activities|||4|||
|Advancement
ofeducation ofchildren|||and young||||
|people|||||81,255|112,748|
|Other|||||9,283||
|Total|||||90,538|112,748|
|NET INCOME|||||271,691|429,636|
|RECONCILIATION||OF FUNDS|||||
|Total funds brought||forward|||5,899,478|5,469,842|
|TOTAL FUNDS CARRIED FORWARD|||||6,171,169|5,899,478|
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||Statement ofFinancial Position|||
|---|---|---|---|
||30June 2020|||
|||30/6/20|30/6/19|
|||Unrestricted|Total|
|||fund|funds|
||Notes|||
|FIXEDASSETS||||
|Tangible assets|10|292,346|296,692|
|Investment
property|11|5,533,937|5,481,385|
|||5,826,283|5,778,077|
|CURRENT ASSETS||||
|Cash at bank||351,066|578,075|
|CREDITORS||||
|Amounts
falling due within one year|12|(6,180)|(456,674)|
|NET CURRENT ASSETS||344,886|121,401|
|TOTAL ASSETSLESSCURRENT||||
|LIABILITIES||6,171,169|5,899,478|
|NET ASSETS||6,171,169|5,899,478|
|FUNDS|14|||
|Unrestricted
funds||6,171,169|5,899,478|
|TOTAL FUNDS||6,171,169|5,899,478|
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|||||30/6/20|30/6/19|
|---|---|---|---|---|---|
||||Notes|||
|Cash flows from operating||activities||||
|Cash generated fiom operations||||331,838|473,692|
|Interest paid||||(9,199)|(19,069)|
|Net cash provided by operating
activities||||322,639|454,623|
|Cash flows from investing||activities||||
|Purchase oftangible fixed|assets|||(47,245)|(101,348)|
|Purchase ofinvestment
property||||(52,552)|(460,048)|
|Interest received||||149|622|
|Net cash used in investing|activities|||(99,648)|(560,774)|
|Cash flows from financing||activities||||
|Loan repayments
in year||||(450,000)||
|Net cash (used in)/provided||by financing|activities|(450,000)||
|Change in cash and cash|equivalents||in|||
|the reporting
period||||(227,009)|(106,151)|
|Cash and cash equivalents||at the||||
|beginning
ofthe reporting||period||578,075|684,226|
|Cash and cash equivalents||at the end|of|||
|the reporting
period||||351,066|578,075|
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|||||Notes to the Statement ofCash Flows
for the Year Ended 30June 2020|Notes to the Statement ofCash Flows
for the Year Ended 30June 2020|||
|---|---|---|---|---|---|---|---|
||RECONCILIATION|||OFNET INCOME TO NET CASH FLOW FROM||OPERATING ACTIVITIES||
|||||||30/6/20|30/6/19|
||Net income|for the|reporting||period (as per the Statement ofFinancial|||
||Activities)|||||271,691|429,636|
||Adjustments|for:||||||
||Depreciation|charges||||51,591|52,357|
||Interest received|||||(149)|(622)|
||Interest paid|||||9,199|19,069|
||Decrease in|debtors|||||25,000|
||Decrease in|creditors||||(494)|(51,748)|
||Net cash provided||by|operations||331,838|473,692|
|2.|ANALYSIS|OF CHANGES|||IN NET FUNDS|||
|||At 1/7/19|Cash flow|At 30/6/20|
|---|---|---|---|---|
|Net cash|||||
|Cash at bank||578,075|(227,009)|351,066|
|||578,075|(227,009)|351,066|
|Debt|||||
|Debts falling due within|1 year|(450,000)|450,000||
|||(450,000)|450,000||
|Total||128,075|222,991|351,066|
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|---|---|---|---|---|---|
|3.|INVESTMENT INCOME|||||
|||||30/6/20|30/6/19|
||Licence income|||155,000|300,000|
||Deposit account interest|||149|622|
|||||155,149|300,622|
|4.|CHARITABLE ACTIVITIES COSTS|||||
||||||Direct|
||||||Costs|
||Advancement
ofeducation|ofchildren||||
||and young people||||81,255|
|5.|SUPPORT COSTS|||||
||||||Governance|
||||||costs|
||Other resources expended||||9,283|
|6.|AUDITORS' REMUNERATION|||||
|||||30/6/20|30/6/19|
||Fees payable to the charity's|auditors for the audit ofthe charity's|financial|||
||statements|||4,000|4,000|
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|COMPARATIVES F|OR THE STA|TEMENT OFFINANCIAL AC|TIVITIES|
|---|---|---|---|
||||Unrestricted|
||||fund|
|INCOME AND ENDOWMENTS FROM||||
|Donations
and legacies|||241,762|
|Investment
income|||300,622|
|Total|||542,384|
|EXPENDITURE ON||||
|Charitable
activities||||
|Advancement
ofeducation ofchildren||and||
|young people|||112,748|
|NET INCOME|||429,636|
|RECONCILIATION|OF FUNDS|||
|Total funds brought|forward||5,469,842|
|TOTAL FUNDS CARRIED FORWARD|||5,899,478|
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|10.|TANGIBLE FIXEDASSETS||
|---|---|---|
|||Fixtures|
|||and|
|||Fittings|
||Cost||
||At 1 July 2019|426,422|
||Additions|47,245|
||At 30June 2020|473,667|
||Depreciation||
||At 1 July 2019|129,730|
||Charge for year|51,591|
||At 30June 2020|181,321|
||Net book value||
||At 30 June 2020|292,346|
||At 30June 2019|296,692|
|11.|INVESTMENT PROPERTY||
||Fair value||
||At 1 July 2019|5,481,385|
||Additions|52,552|
||At 30June 2020|5,533,937|
||Net book value||
||At 30 June 2020|5,533,937|
||At 30June 2019|5,481,385|
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|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YE|AR||
|---|---|---|
||30/6/20|30/6/19|
|Trade creditors||494|
|Other creditors|6,180|456,180|
||6,180|456,674|
|LOANS|||
|An analysis ofthe maturity ofloans is given below:|||
||30/6/20|30/6/19|
|Amounts
falling due within one year on demand:|||
|BCFPension Fund loan||450,000|
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|MOVEMENT|IN FUNDS|||||
|---|---|---|---|---|---|
|||||Net||
|||||movement|At|
||||At 1/7/19|in funds|30/6/20|
|Unrestricted|funds|||||
|General fund|||5,899,478|271,691|6,171,169|
|TOTAL FUNDS|||5,899,478|271,691|6,171,169|
|Net movement|in funds, included|in the above are as follows:||||
||||Incoming|Resources|Movement|
||||resources|expended|in funds|
|Unrestricted|funds|||||
|General fund|||362,229|(90,538)|271,691|
|TOTAL FUNDS|||362,229|(90,538)|271,691|
##
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|||||Net||
|---|---|---|---|---|---|
|||||movement|At|
||||At 1/7/18|in funds|30/6/19|
|Unrestricted|funds|||||
|General fund|||5,469,842|429,636|5,899,478|
|TOTAL FUNDS|||5,469,842|429,636|5,899,478|
|Comparative|net movement|in funds, included|in the above are as follows:|||
||||Incoming|Resources|Movement|
||||resources|expended|in funds|
|Unrestricted|funds|||||
|General fund|||542,384|(112,748)|429,636|
|TOTAL FUNDS|||542,384|(112,748)|429,636|
||||Net||
|---|---|---|---|---|
||||movement|At|
|||At 1/7/18|in funds|30/6/20|
|Unrestricted|funds||||
|General fund||5,469,842|701,327|6,171,169|
|TOTAL FUNDS||5,469,842|701,327|6,171,169|
|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
|Unrestricted|funds||||
|General fund||904,613|(203,286)|701,327|
|TOTAL FUNDS||904,613|(203,286)|701,327|
##
##
|for the Year Ended|30June 2020||
|---|---|---|
||30/6/20|30/6/19|
|INCOME AND ENDOWMENTS|||
|Donations
and legacies|||
|Donations|207,080|241,762|
|Investment
income|||
|Licence income|155,000|300,000|
|Deposit account interest|149|622|
||155,149|300,622|
|Total incoming resources|362,229|542,384|
|EXPENDITURE|||
|Charitable
activities|||
|Establishment
- other|20,364|34,940|
|Bank charges|101|82|
|Fixtures and fittings|51,591|52,357|
|Interest|9,199|19,069|
||81,255|106,448|
|Support costs|||
|Governance
costs|||
|Auditors'
remuneration|4,000|4,000|
|Accountancy
and legal fees|5,283|2,300|
||9,283|6,300|
|Total resources expended|90,538|112,748|
|Net income|271,691|429,636|