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|Mr G Bisson|Alumni<br>Relations|Alumni<br>Relations|Alumni<br>Relations|Alumni<br>Relations||
|---|---|---|---|---|---|
|Mrs K Boalch|Former Alumni|||Relationship|Manager|
|Mr M J Edwards|- Old Queenian||and Governor|||
|Dr L Earps|- College Head||Teacher|||
|Mr TJ Howe|- Old Queenian|||||
|MrJ DJones|- Old Queenian||and Governor||(Chairman)|
|Mrs TJ Khodabandehloo|- Junior School||Headmistress||(Resigned 31 August 2020)|
|Mrs L Smith-Bolliger|- Queen's<br>Parent|||Association|Representative|
|Ms A Edwards|- Old Queenian|||||
|Secretary to the Trustees||||||
|Mr AJ Stevenson||||||
|Advisors||||||
|Independent|Nicholas Sladden|||||
|Examiner|RSM UK Tax and|||Accounting|Limited|
||25 Fardingdon|Street||||
||London|||||
||EC4A 4AB|||||
|Address|Queen's<br>College|||||
||Trull Road|||||
||Taunton|||||
||SomersetTA1|4QS||||





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||||Unrestricted|Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||Funds|Funds|2020|2019|
||||Notes|6||||
|Income||||||||
|Income:||||||||
|Subscriptions||||1,676||1,676|1,537|
|Donations||||9,805|1,200|11,005|35,320|
|Legacy||||8,953||8,953||
|Events||||20,349||20,349|5,057|
|Dividends|& Interest|||2,190||2,190|1,209|
|Gift Aid||||9,217||9,217||
|||||52,190|1,200|53,390|43,124|
|Expenditure||||||||
|Grants||||40,445|8,923|49,368|247|
|Events||||19,472||19,472|3,753|
|Other Expenditure||||3,402||3,402|2,935|
|Over accrued|legal|fees|||||(20,000)|
|Charitable<br>expenditure|||4|63,319|8,923|72,242|(13,065)|
|Net Outgoing/Incoming||Resources||(11,129)|(7,723)|(18,852)|56,189|
|Other recognised|gains/(losses)|||||||
|Unrealised<br>Investment<br>Gain/(Loss)||||16,718||16,718|(2,160)|
|Investment<br>property|revaluation||||||(69,049)|
|Transfers||||(4,300)|4,300|||
|Net movement<br>in funds||||1,289|(3,423)|(2,134)|(15,021)|
|Balance brought<br>forward||at 1 September 2019||424,384|40,000|464,384|479,405|
|Balance carried forward||at 31 August 2020||425,673|36,577|462,250|464,384|





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|||||||31-Aug|31-Aug|
|---|---|---|---|---|---|---|---|
|||||||2020|2019|
||||||Notes|||
|Investments||||||117,931|101,571|
|Investment||Property|||||230,000|
|Current Assets||||||||
|Stock||||||6,600|6,750|
|Bank||||||343,673|114,718|
|Prepayments||and accrued income|||||40,680|
|||||||350,273|162,148|
|Creditors:|amounts||due within|1 year||(5,954)|(29,335)|
|Net Current||Assets||||344,319|132,813|
|Total Net Assets||||||462,250|464,384|
|Unrestricted||Funds||||425,673|424,384|
|Restricted|Funds|||||||
|Sports|||||11||5,000|
|Archiving|||||11|12,985|13,000|
|Bursaries|||||11|15,500|10,000|
|Equipment|||||11|6,282|10,000|
|Religious studies|||||11|1,810|2,000|
|Total Funds||||||462,250|464,384|



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|10|Related Charity|Related Charity||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||Queen's<br>College,||Taunton,|||part ofthe|Methodist||Independent|||Schools Trust,|||is closely related to|||the|Foundation.||Two|Governors|||and|
||the Head Teacher||of|the College serve|||as Trustees ofthe||||Foundation<br>in accordance|||||vxth the Chanty's|||governing<br>document||||Dunng the|||
||year Foundation||donated|||838,979 to|the Queen's<br>College Wesley||||||Fund<br>and a further 89,173|||||for|capital<br>projects.|||Foundation|||was|
||recharged 81,556 in|||the|year by Queen's|||College Taunton|||pnmanly||relating|to event costs and|||INyvern|||Figurines|(2019||813,443) At|||
||the year end|Foundation||||owed Queen's||College Taunton|||TO|(2019 80) Dunng<br>the||||year Queen's||College Taunton|||Foundation||||made|
||two loans to|Queen's||College Taunton|||of|8200,000 Interest payable|||||on these||loans|totalled 51,519|||No loans were outstanding|||||at the||
||year end,|||||||||||||||||||||||||
|11|Summary<br>of|Fund Movement||||||||||||||||||||||||
||||||Balance at 1 Sept<br>2019||||Income|||Expenditure||||Other||||Balance at 31<br>Aug 2020||||||
|||||||||||||||||||||f||||||
||Restricted Funds|||||||||||||||||||||||||
||Sports Fund|||||5,000|||||||(5,000)|||||||||||||
||Archiving<br>Funds|||||13,000|||||||(15)|||||||12,985||||||
||Bursaries|||||10,000|||1,200|||||||4,300||||15,500||||||
||Equipment|||||I0,000|||||||(3,718)|||||||6,282||||||
||Religious studies|||||2,000|||||||(I90)|||||||1,810||||||
|||||||40,000|||1,200||||(8,923)|||4,300||||36,577||||||
||Unrestricted|funds||||||||||||||||||||||||
||General<br>Fund|||||424,384|||52,190||||(63,319)|||12,418||||425,673||||||
||Charity Total|||||464,384|||53,390||||(72,242)|||16,718||||462,250||||||
||Comparative|fund||analysis||||||||||||||||||||||
|||||Balance at 1 Sept<br>2018|||||Income|||Expenditure||||Other||||Balance at 31<br>Aug 2019||||||
|||||||||||||||||||||r.||||||
||Restricted Funds|||||||||||||||||||||||||
||Sports Fund|||||5,000||||||||||||||5,000||||||
||Archiving<br>Funds|||||13,000||||||||||||||13,000||||||
||Bursaries||||||||10,000|||||||||||10,000||||||
||Equipment||||||||10,000|||||||||||10,000||||||
||Religious studies||||||||2,000|||||||||||2,000||||||
|||||||18,000|||22,000|||||||||||40,000||||||
||Unrestricted|funds||||||||||||||||||||||||
||General<br>Fund|||||461,405|||21,124||||13,065|||(71,209)||||424,384||||||
||Charity Total|||||479,405|||43,124||||13,065|||(71,209)||||464,384||||||
||Name ofrestricted fund|||||||Description,||nature||and|purposes||ofthe fund|||||||||||
||Sports fund|||||||To be|used towards|||improving<br>the||sports facilities ofthe||||College||||||||
||Archiving<br>Funds|||||||A project is being undertaken<br>to house school archive|||||||||material|||||||||
||Bursary|||||||Fund to be used|||for|bursanes||||||||||||||
||Equipment|||||||Fund to be used|||to|buy non-standard|||equipment<br>for existing||||students|||||||
||Religious Studies|||||||Fund to be used|||in relation||to Religious Studies|||||||||||||





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|Analysis<br>|of net asset|s between funds|||
|---|---|---|---|---|
|||Investments|Net Current Assets|Total<br>31 Aug 2020|
|Restricted|funds||36,577|36,577|
|Unrestncted|funds|117,931|307,742|425,673|
|Charity Total||117,931|344,319|462,250|
|||Investments|Net Current Assets|Total<br>31 Aug 2019|
|Restricted|funds||40,000|40,000|
|Unrestncted|funds|101,571|322,813|424,384|
|Charity Total||101,571|362,813|464,384|



|||||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||||Funds|Funds|2019|2018|
||||||Notes|||||
|Income||||||||||
||Subscriptions|||||1,537||1,537|1,624|
||Donations|||||13,320|22,000|35,320|25,949|
||Legacies||||||||355,277|
||Events|||||5,057||5,057||
||Dividends||& Interest|||1,209||1,209|627|
|||||||21,124|22,000|43,124|383,477|
|Expenditure||||||||||
||Grants|||||247||247|19,990|
||Events|||||3,753||3,753||
||Olher Expenditure|||||2,935||2,935|35,558|
||Over accrued|||legal fees||(20,000)||(20,000)||
||Charitable||expenditure||4|(13,065)||(13,065)|55,548|
|Net Income||||||34,189|22,000|56,189|327,929|
|Other recognised<br>gains/(losses)||||||||||
|Unrealised|Investment|Gain||||(2,160)||(2,180)|9,458|
|Investment|property<br>revaluation|||||(69,049)||(69,049)||
|Net movement<br>in funds||||||(37,021)|22,000|(15,021)|337,387|
|Balance brought<br>forward|||at|I September 2018||461,405|18,000|479,405|142,018|
|Balance carried forward|||at 31 August 2019|||424,384|40,000|464,384|479,405|





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