Charity No.1082126
THE WAVENDON FOUNDATION
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2020

THE WAVENDON FOUNDATION
CONTENTS
R•f•rgn¢• and adMIn￿tratIV• d•tall*
Trustees. report
Independent examln•rs' roport
Statgm•nt ol Ilnan¢lal actlvltk•
Balance •lw•t
C•¥h flow it#t•m•nt
Not•1 to th• flnan¢l•l •tatwnents
9-16

THE WAVENDON FOUNDATION
REFERENCE AND ADMINISTRATIVE DEfAILS
FOR THE YEAR ENDED 30 SEPTEMBER 2020
CHARITY REGISTRATION NUMBER 1082126
TRUSTEES
Rtchard Plaf7n {Ch￿r)
Kenneth Chaproniere
Gordon Sifver (r￿sUrer- to 3 December 2020)
Laurence Holden (Treasurer- from 13 January 20211
Ajec Danknvorth
Kevin Whate
UFE PRESIDENT
Dam? Cl80 Laine DBE
PRINCIPAL ADDRESS
83 Ducie Street
Mancha$ter
M12JQ
INDEPENDENT EXAMINER
Price Bailay LLP
Tennyson House
Cambridge Business Park
Cambridge
C64 OW
BANKERS
National Westminster Bank Pk
Milton Keyne5 IX) Branch
501 Silbury Boulevard
Saxon Gate East
Millon Keynes
MK9 3ER
MetroBank plc
One SoLthampkni Row
London
WC1B SHA
INVESTMENT ADVISORS
PB Financral Planning
Tennyson House
Cambridge Business Park
Cambridge
CB4 OVVZ
Investgc Vlealth & Management
30 Gresham Street
London
EC2V 7QP

THE WAVENDON FOUNDATION
TRUSTEES. REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2020
The Iruslees present their report with the fmancial statements of the chaiity for the year ended 30 September 2020. Th&
trustee8 have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice
applicable lo chaiities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and RepLtblic of Ireland IFRS 102) {effeclive 1 January 2019).
8TRUCTURE, GOVERNANCE AND MANAGEMEMT
Oblocts ofth• Foundatlon
Th8 Wavendon Foundation 1$ constiluted under a Twst Deed dated 1 May 2000 (as by a supplèmenlal deed
dated 3 August 20001 and is a registered charity - Reglstration No. 1082126. The principal object of the Chaiity is lo
raise funds lo benefit persons engaged in the performing art5. and ￿ the eth¢ation of the public through the pgrfomlng
arts. whether a$ registered charities, corporate bOd￿S or indivKluals. The principal fund-raising veh￿Ie employed by the
Chartyls relum from inv85ting.
The Wavendon Foundation seeks to have regard to public benefit by maknllg donations wlhin the performing arts
available to all. The Charity carrles out its activities wlh due regard for the Charity Commission guldance on public
benefit.
Oryanlsalional structur•
The trustees vtho have served during the year are set out under the sectlon Yntstses.. The trustees mèt quarterty
during 2019120, except the schedulgd meetlng fwwil 2(Y20 had to be cancelled due to Covid.
REVIEW OF ACHIEVEMENTS AND PERFORMANCE
Following the sale of the land wthich had been gffted to the Vthendon Foundation by Sir John and Lady Dankworth. the
Trust received the final tranche of the sale pite as Wevm)u8￿ agreed with the pw¢ha8er8. M081 of th18 wa8 adikd to
the funds already invested with Investec.
The Irustewd continued to meet quarterly, apart from thg ¢an¢ell8d ApTll 2020 meeting, to conduct the normal
bu5ine$8 of tha Trust. This is principalty to review the financial posilton of the Foundation and to consider the relatlve
merits of the funding applications and whether they coukj be granted ￿thIn funding avaijable in ￿ne with the
Foundation's investment pol¢y.
In the year, a total of 18 donalons a￿eed. rrN)sty for the amtyjnl requested. Thirtèen were lo organisations such
as.. The Nalonal Youth Jazz Orchest￿. Music for Youth, CHUMS and the WCO. The remainder were lo individuals
with donatlons varying befv￿en £1.000 and £2.000 to support their St￿lieS or specific projec1$ they were engaged in. In
total, the amounts donated were £8.500 to Ind￿idual5 and £31,370 to organisation$ {.2019- £18,765 to individuals and
£25.035 lo organisations).
In making thglr decisions the trustees, first ¢onsideration5 education (primathy youth education) and the rdief of
hardship within the general area of the perfomiing arts a$ laid (lown in the Trust's c+Jjedives.
RISK MANAGEMENT
The tru$lea$ have identmled the ri$k¥ lowhich the Charity is exposed and have implemented procedures to mitsgate those
risks. The principal risk to the Chanty Is consK4er8d to b8 a dramatic downturn in capital valua of its investments.
Thi$ is miligaled by diversfying the investment poth)lio In a professionalty M￿aged inveslmgnt pothllo on a medium
rl$k basis. Wllh the investment of the final receipt of fund¥ from the land salg Into the Investec portfollo. the availability ot
funds for grant giving is assessed against proledons of annual income from the fund to support preservation of the
capital.

THE WAVENDON FOUNDATION
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2020
FINANCIAL REVIEW
The flnal third Iranchg from the land sale was rgcaived on 8 Novembw 2019 in the sum of £714,018.
Due to the Covid retaled downturn in the value of the investment portlolio at the Balance Sheet date, the gross Income of
the Foundation, including Tealised and unre￿iSed investment gains for the year was negatlve al £135,876 (2019 positive
al £148,699), resulting In a deficit for the year bgfore donatlons made of £160.60012019'. surplus £124,539). The nel108S
on Investments for the year al the Balance Sheet date was £162,801 (2019 gain on inve51menls £127.681).
Donation$ given In year were £39.870 (2018: £43,800) reButting n a net for the year of £200,47012018.' 8urplus
£80,739).
en aggregated wth unreslri(a&J re$8ryes broLwJM foThvard of £2215.712, wre$trth(I reserves cardod forward are
£2,015,242.
Invostment Perfornia￿¥
Following professional advi￿, surplus fvnds from the sale of land have been invested wlth fund manageTS Investec in a
varied portfolio base which is rgviewed by Iru$lee$ al their meetings throughout the year. On 5 December 2019 tha third
and linal Investment Iran¢he was of£675,000 from the proceed8 ofthe final tratr￿he ofthe land sale.
The impart of the COVID-19 pandemic on thefinanclai markets caused a srgnifi¢anl flyctuallon in the v81ue oflhe charity's
Investments, whlch al the Balance Sheet reporting dale showed a negative net portfolio return of 6.48% over the 12
months ffom September 2019. Since then. the latest available valuation al 31 December 2021 shows the position has
recovo18d with the current m*ket value at £2.328.371. a recovery of 11.83% 8inco 31 December 2020.
In response lo the volatillty and uncertainty in incom& generated by the investments, the trusleos are maintaining close
communicalton with the investment managers to monitor movements in and thus levely ot income arising, and to
determin8 the value of grants that the FOUr￿#tiOn is able to make.
FUTURE PLAMS
The Chafity intends to Con￿nUe making avalable donations to engage educate in the perfomiing arts as describfjd
above.
The Iru$tee8 aTe responsible for keeping proper accowting rttords vthi¢h thsdose with reasonable accwaBy al any time
the financial posilion of charity and lo enable them to ensure that the financial statements comply with tho Chari119S
Act 2011, the Charty IA¢¢ounts and Reports) Regllalion 2008 and the prt)vi$ions of the trust deed. They are also
responsible for safeguarding the as$48 of the charity and hence for taknng reasonable Steps for the provention and
detection of fraud and other irregularities.
Approved by order of the board of trLL8tee8 on 11 Awil 2022 and slgned on its behdf ty:
Richard Mann- Tru$l8e and Chair

THEWAVENDON FOUNDATION
INDEPENDENT EXAMINERS. REPORT TO THE TRUSTEES OF
THE WAVENDON FOUNDATION
FOR THE YEAR ENDED 30 SEPTEMBER 2020
I report lo the charity tru8tee8 on my exam*Allon of the acC￿nts of the for the year ended 30 September 2019
which are set out on pages 6 to 16.
R•spon•lbllltl•s and buls of roport
As the charity's trustees you are responsible for the weparathjn of the acccwts in a￿ance wllh the requlrements of
the Charitse$ Act 2011 Cthe Acty.
I report in respect of my examination of the charity'5 accounts carr1￿ out under sect40n 145 of the Act and In carrying out
my examinalic*n I have followed all the applicable Directions gNen by the Charity Commission under section 145{5){b) of
the Act.
Ind•p•ndènt ￿mIn•￿3 stat•mtht
I have completed my examination. l ¢onfim that rKJ matwial matters have come to my altentlon in ￿nneC110n wsth tho
examination giving ma cause to belleve that In any rnateriai respect
accounting records wgre not kopt in rasw of the dwrity as requlred by se¢tlon 130 olthe Act,. or
the accounts do not accord wlh those records" or
the accounts do not Comp￿ wth the applicat4e requwements concerr4ng the fom) and content of accounts Set
out in the Charities (Accourts and Reports) Re9[￿allonS 2008 other than any requirement that the accounts give
'Irue and fair view. which is not a matter considered a$ part of an independenl examinallon.
I have no concerns and have come acros$ no othar matters in (￿ne(thn with th8 8xamination to vthi¢h attentlon Should
bo drawn In thi$ report in orderto enable a proper understandlro of the accounts to be reached.
Helena Wilkinson BSG FGA Dctr
For and on behalf ot.
Pr1¢8 Ball•y LLP
Tannyson House
Cambridge Busine88 Pwk
Cambridge
CB4 OWZ
Dale.. 26 May 2022

THE WAVENDON FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE
ACCOUNT)
FOR THE YEAR ENDED 30 SEPTEMBER 2020
unr8strfcted
2020
unres¢rlcted
2019
Note
INCOME FROM:
Investment income
Total
26.926
21,018
EXPENDITURE ON:
Ralslng funds
Charitable aclivilieB-
Donations
Other
19.811
19.761
39,870
4.913
43.8(10
4,399
718
Total
64.594
67.960
NET (EXPENDrruREI BEFORE GAINS
137,699)
(46,942)
Net {lo$ses) I galns on inveslments
(162,801)
127,681
NET (EXPENDITURE) I INCOME BEING
NET MOVEMENT ON FUNDS
{200.470
80,739
RECONCILIATION OF FUNDS
Total funds brought forward
2215.712
2.134.973
TOTAL FUNDS CARRIED
FORWARD
1015,242
2,216,712
All income and expèndrture has arisen from continung acbvitses.
The Statement of Financial Activities indudes all gains and reccgnised In the y&v.
The notes to the accounts are shown on pages 9 to 18.

THE WAVENDON FOUNDATION
CHARITY REGISTRATION NUMBER: 1082126
BALANCE SHEEr
AS AT 30 SEPTEMBER 2020
2020
2019
FIXED ASSETS
Tangible assets
10
InvgStment8
Flxed inv8stmenl$
11
1.988,971
1,468,868
1988 971
CURRENT ASSETS
Debtors
Propayments and accn*d Income
Cash al bank
12
12
715.020
1,054
26.626
39.929
27.680
755,555
CREDITORS
Amounts falling due within one year
13
{1.409)
(8,711}
NET CURRENT ASSETS
26,271
746,844
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,015,242
2,215,712
NEf ASSETS
2,015,242
2,215,712
FUNDS
Unreslrlcted funds
2.015.242
2.215,712
TOTAL FUNDS
2,015.242
2.215.712
The finanGkl1 statements were approved by the Board ofTrustees on 11 Awil 2022 and signed on Its bohall by:
Lsuren
Trustee
J Holden B.Mus. MSC, CPFA
nd Hon.Treasurer
Th8 notes on Pa￿ 9 to 16 forni part ofthese accounts.

THE WAVENDON FOUNDATION
CASHFLOW STATEMENT
AS AT 30 SEPTEMBER 2020
2020
2019
Cash Flows from Opèrntlng A¢llvltt
Net cash provided by
operallng acMI8s
15
642,676
655.296
Cash Flo￿ from InvestAng Actlvlti•#
Dividends and interest from investments
Bank inler8st
Proceeds on sale oftangl￿e fred assets
Proceeds on Bale on investrnents
Purchase of investments
26.885
20,909
109
913.393
(1,584.969)
184,626
(836.75n
Nèt Ca$h Flo￿ from Inv$￿Ing Activlt18S
1644,6511
631.143
Changg In cash and cash oqulvalents In the
yoar
(1.975}
24.183
Cash and Cagh equlvalonts brought fomrd
Ca•h and cash •qulvalènts carrfod for*Yrd
86,350
82.167
16
84.376
86,350
Anaty$l• of changgs In nel dèbt:
At start ofthe year Cash11￿ Other nor￿ changes
At end ofthe yoar
Cash
39.929
(13,303)
26,626
Cash wilhln the
Investment portfollo
46,421
11,328
57,749
86,350
(1,975}
84,375

THE WAVENDON FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2020
1. ACCOUNTING POUCIES
The principal accounting pollctes odopt8d. I￿￿g￿ents and key sources of esllmation uncertainty in the preparat￿n of
the financial stslements are a$ follows..
a. Bas1$ of prnparation
The ffinancial statements of the Charity, which is a pubfic benefit entity under FRS 102. have been prepafed in
accordancg wth the Charibes SORP (FRS 1021 Accounting and Reporting by Charities: Ststement of
Recommended Practice applicable to charities preparing their accounts in accordance ￿ the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffe¢tiv8 1 January 20191,, Flnanclal
Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and th&
Charilles Act 2011. financial sL*ements have been prepared under the hk%tOri￿I cost wnvention In pound
sbding which is Ihe functional currency of the Charity.
The financial statements have baan prepared io give a and la￿ and have departed from the Charities
(Accounts and Reports) Regulat￿nS 2008 only to the extent required to prowd8 a Iru8 and fair vievl. Th18
departure has involved fo1knv￿Dg Accounting and Reporting by Charities preparing Ihelr accounts In accordance
with the Financlal Reporting StaThJard applcable in the UK and Republ￿ of Ireland (FRS 1021 issued on 16 July
2014 ralhei than the Accounting and Repoffang by Charillos: Statem8ntof Recommended PraGti¢e effective from
1 April 2005 ￿1¢h has since been vAlhdrawn.
b. Golng concern
The Irustses consider that there are no material uncertaintms about Ihe charity'5 abilty to conlirbue as a going
concern. As such, they continue to adopt the going c￿c¢M ba$ts of xcounts in preparing the financial
Statemènts.
Attention Is drawn in the Trust￿. rowl to the impact ofthe COVID-19 pandemlc on the finandal Ma￿ets and
the ￿nSequent signfficanl Ilwtuation in the value of the Charity's in￿$(Monts. Slncethe Balance Sheel reporting
date, the latest availabl¢ valualion al 31 December 2021 8￿w$ tho posibon has recovered wth the current
market value now 11.83%% above the posthon at 31 December 2020. ThE trustee5 consider that these
flu¢lualions have no immediale impact on the viabilty of the charity. In response to the potentlal volatility In
income generated by the investmènts during this period of economic ul￿ertainty, th8 trustees are maintaining
close communication Vlith the wivestment managers to monitor any forncasted do¢rea$e in the lev81 of taig•tod
income. and will (y)ntin￿ to aupport a 18vel of grant awardirvj that * In Ine with the level of inve$lmenl incomo
receNable.
I￿oM•
All income 58 recognised in Slatement of Flnancial Acbvihes once the charity has enliil8ment to the funds. it
is probable that the income wtll be re¢gwgd, and the amount can be measured reliably.
Interest on funds held ¢)n deposit 19 inclwJ8d vthen receivable aThl the amunl can be moasured rellably by tha
charity. which is noTmalty upon nolifi¢ation of the interest paid or payable by the bank. Dividends and income
from Govgmmenl Securitie8 are recognTrsed when li 15 reC￿￿￿ed.
d. Expndltuvtr
Liabili￿ are recognised as expenditure as soon as thara 1$ a legal or constructive obligation committing the
charity to that expenditure. il is probable that a transfer of economic benefits wll be required in settlement and
the amount of the obligation can be measu￿1 rel￿bly. Expenditure 15 accounted for on an acctuals basis and

THE WAVENDON FOUNDATION
NOTES TO THE FINANCIAL STATEMEMfs (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2020
has been classified under headingsthat aggregate all cost related to the category. ￿ere costs cannot be directly
attributed to particular headings. Ihey hav8 been alloc8laJ to aGtivities on a basis consistent the use of
resources.
Support costs are thosé costs Ir￿rred directty in supwt of expenditure on the objects of the charty and
governance costs are those Incurred in conn8ction administration of the charity arKf compllano with
onslitutional and statutory requirements.
Taxatlon
Tha Trust is a ragi8ter&Y charty and Is exempl from corrmte taxes. lo the extent of operating wlhin Its
charitable objeclves. Irrecoverabte VAT is charged against the expenditure heading for which itwas incurred.
f. Fund accountlng
Unrestrictsd funds can be used In acojrdance *ith the charitable obiectsves at the discretion of Ihg trustees,
Tanglblo fixed a#s•ts and dgprwclatlon
Tangible fixed assets other than freehdd land are stated at cost dèpreriation. Dopreclalion Is provided at
rates ¢akulated to vrrite off the cost less e￿IMated mklual va￿e of each asset over ils eX￿d usèful life, as
follows..
Freahokl land
Fixturos, fiitikvjs & equipment
not dep￿ated
25% per annum ￿ cosL
h. Investmants
Investments are a fomi of basic financial instrunwnt and are inilially recogniaed at their transaction value and
subsequenlty measured at their fair value as at the balance sheet date using the bid price. The slalement of
financlal activities includes the gains and losses arislng on revaluation and disposals throughout the year
as disclosed In note 11.
The Trust does not acquire put option8, derivatpies or other oJmpl8x finarKkl Instruments.
The main fonn of financial risk faced ty the charity i8 that of volatility in ewity market8 and investment markets
due to wlder economic conditions, the atlilude of investors to investsnent risk. aThJ chang88 in sentiment
conceming equities and within partscular sectors or sub sectOTS.
i. Debtorn
Sundry debtors are recognisad at the setllement amount due. Prepayments ¥6 valued at the amount repald
net of any trade discounts due.
Cash at bank and In hand
Cash at bank and In hand ir￿lUdeS cash and short tenn highty Ik4ukl irwestments wlh a short maturlty of three
months or less from the dale of acquisthon or opening of the deposii or similar account.
-i(

THE WAVENDON FOUNDATION
NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2020
Credllorn
CreditOTS are recogni8ed whero lh& eharity has a pr8sent obllgdon resumtng from a past avant that wlll probabty
resutt In the transferoffun¢Js to a third party 8nd thè amount dua to sèttlèthè obliqatlon ean b& m&asurèd ore8limaled
rellably. Credltors aro nonna1￿ reo)gnised al their #etllement an￿)Unt aftor •ltswiNJ for 411 tradè di#counts due.
l. Flnanclal Instrumonts
The charity only ha8 *nandg18ss8ts and finarrAal liabilties of a klnd that qualify a8 bas￿ finarKaal In8lruments.
Baslc Ilnanclal Instwments are initialty recognFsèd at transadon valu8 and subsequently measur6d atlh•lr Mttlèmènl
valu9. Flxed assels a￿ recorded at deprerAated historKal cost #NI al other assèts and li8bllilièÈ #ffj rè¢tsrded al cost
vthich is their fair value with gxcgpb'on of investments whkh are recorded at thelr falr value based on market rate a$
shown In note 11.
m. Accounllng eltimatss
There are no 8ignffjtsftt acewntlng asllmates at the yearend dale (2019 none).
I INVESTMENT INCOME
2020
2019
Bank account inleTest
Interest on inveslments
Dividend
40
109
172
20,737
26,799
26,925
21,018
RAISING FUNDS
2020
2019
Totsl costs in Tek*ion lo land Sale
Inv95tment manager fees
830
18.981
6,574
13.187
19.811
19,761
TRUSTEES. REMUNERATION AMD BENEFITS
No remuneratlon or other benefts ¥•￿ to trustees for the year ended 30 September 2020 n￿for the yoar
ended 30 September2019.
No expenses wer8 patd for the year ended 30 September 2020 nor forts year erKled 30 September
2019.
-li-

THE WAVENDON FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2020
5. ANALYSIS OF EXPENDITURE ON CHARrrABLE ACTMTIES
Dlrnct costs Support colts
Total
2020
2020
2020
(note 7)
Engaging and educatiw kn w[￿ming arts
39.870
4,913
44,783
Grants to individuaL8
Grants lo inslilulions
8,500
31,370
13
39.870
18
Further details of grants madg to institU￿n$ are i￿luded within Trustees. RekX)rt on page 3.
6. ANALYSIS OF EXPENDITURE ON CHARITABLE ACnVJTIES
Dlr•¢t Support cmts
Total
2019
2019
2019
{note 81
Engaglny and educallng in perfomivw arts
43.800
4.339
55.201
Grants to indwlduats
Grants to in¥liluiion$
18.765
25.035
12
13
43,800
25

THE WAVENDON FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2020
7. SUPPORT COSTS- CURRENT YEAR
Total
2020
2020
2020
Independènt examlnallon fees
Rent
Administrattve assistant
Office expenses
Website costs
Bank charge8
Insurance
1.038
1,038
2,034
777
378
25
661
2,034
777
378
25
Total
1,038
3.875
4.913
8. SUPPORT COSTS- PRIOR YEAR
Total
2019
2019
2D19
Independent examinatton fees
Rent
Admin¢strallve assistant
Office expenses
Website costs
Bank charges
Insuranc8
Total
1.380
1.380
28
1.725
150
360
1,725
150
756
3,019
756
4,399
9. STAFF COSTS
No wages or $alarie5 were pad In 2020 or 2019.
-13-

THE WAVENDON FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2020
10. TANGIBLE FIXED ASSETS
Flxturgs and
FSttlng8
Totals
COST
At 30 September 2020 and 2019
DISPOSALS
963
963
At 30 Septembar 2020
(963)
DEPRECIATION
At 30 September 2020 and 2019
(963)
(983)
DISPOSALS
At 30 September 2020
963
NET BOOKVALUE
11. INVESTMENTS
2020
2019
Investments at market value comprise..
At 1 October 2019
Additions
Dlsposal proceeds
{Loss) I gain on investments
Cash movement
1.468.868
1,584,969
1913,393)
1162,801)
11,328
653,380
836.757
1184,626)
127,681
35,676
At 30 September 2020
1.986.971
1,468.868
Cost of investment$
2.082.287
1,350.054
Investments are allotted to each range as foll(V￿.
Flxèd inteiost
Equiti$s
other
Cash
384,179
1.114,408
432,635
57,749
205.190
960,774
256.483
46,421
1,988.971
1,468,868
-14-

THE WAVENDON FOUNDATION
NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2020
12. DEBTORS
2020
2019
Land sale proceeds
Prepayments
Other debtors
715,020
606
1,054
1.054
715.626
13. CREDITORS: AMOUNTS FALLING DUE TArrHIN ONE YEAR
2020
2019
Trade creditors
Olher Creditors
Accruals
1.506
6,185
1.020
1.364
1.409
8,711
14. RELATED PARTY DISCLOSURE8
In the year ended 30 September 2020 a granl of £2,000 (2019.. £2,000) vras made lo the National Youth J8ZZ
Orchestra Limited, a company connected by of the Trustee$, Mr Gordon Sifver. There were no other relatod paty
transadlons in elther 2020 ¢x 2019.
15. RECONCIUATION OF NET MOVEMENT IN FUNDS TO NEf CASH FLOVI FROIJ OPERATING ACTIVITIES
2020
2019
Net Income
Adjusted for:
Loss I Igainl on investsnents
Decrease in debtors
(Decrease) I Increase in creditors
Dividonds and interest from investrnents
Bank inloresl
Profil on dssposal of land
(200.470)
80.739
162,801
714,572
17,302)
(26,885)
{40)
(127,6811
715,445
7.811
120,909)
1109)
Nel cash provlded by operallng actpiibes
642.676
655.296
-1

THE WAVENDON FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2020
16. ANALYSIS OF CASH AND CA8H EQUIVALE1￿8
2020
2019
Cash al bank
Cash in investment portlolro (note 11)
26.626
57.749
39.929
46,421
Totsl
84,375
86,350
-1