REGISTERED COIIJPANY NUIABER: 04937288 (England and Wal••l REGISTERED CHARITY MUMBER: 1100819 REPORT OF THE TRUSTEES AND FINAIICIAL STATEMErirs FOR THE YEAR ENDED 31 DECEIIBER 2020 FOR THE OEREK SHUTfLEWORTh EDUCATIONAL TRUST HaskTS Chartarad A¢¢wntsnls ljd StstK)n Ro>a Loughlon IG10 4PL THE DEREK SHiJrtLEWOTh EDUCATIONAL TRUST COP4TEiTra OF THE FINANCIAL STATEMEMTS FOR ThE YEAR ENDED 31 DECWER 2020 Pag• R•ptsrt ol th• Trus1• 1 to 2 In*•nd•nt Eumlnerfs Report BalarbC• Sheet Nots8 to th• Flnanclal st•t•n￿rt 6 to 10 O•talled Statwnent of Flnanclal Athltles REPORT OF THE TRUSTEES FOR THE YEAR EMDED 31 DECEMBER 2020 trustees whg are aso directors of the charity for tho purF4)ses of the Companies Act 2rA)6, present thek repcrft wth th8 frn8nc4d stat&m*ts of the charty for thè yoar anded 31 D8cember 2020. The trust￿ h adopted Ihe prowswffis of A￿￿tir￿j and ReporbThJ by Charflles: Slatement of RefyxnmÈnd￿ Practk applicable to chBrib•$ prnpanng their acc￿nts in 8csJ>rdance with the Finan(¥al Rgrrfybn9 StsThJ8rd applica￿ in the UK and Repubjlc of Irdand {FRS 1021 leff8cUve l JanLWy 20191. Th8 OiTec*ors prn8Wrt th¢ir Annual ReF*Jt and Acctyjnts of the Trust (ueated by and Arths of AS￿at￿)n da￿ 20th Odobèr 21J)3 and entered wrto tho Cantral Register of Chaiibes on 20th Dg¢¢mbor 20031 for tho year endwl 31st 2020. 0￿EC￿vEs AND ACTMTIES Obl•ctlves •nO ¥lm8 To advance the educ8tion of youThJ peo￿ in the disln.ct of Epping Forest #nd in pattiuJ18r the areas of Htgh. and Little L8¥8r. Kknr8ton. Bthng%wyth and MatchiThJ Green in the cO￿ty of Essex. and also Ihe L￿dCffl BorouglK3 of Hackmy and Tower Hamlets. Slgnlllcant actmu A$ 8 rnsult of Ihe Trusfs acti￿￿￿$ in 2020 and incomg of £25,235 the Diretam #r* plgas&J to reFrf that grants to a of £26,440 vme made to a whye variety of educationa insblvlions and indwxlual stydents as det8iled Mi note 1 of Ihe attathe(l Financial Stalements. It f))ntinues to be the Twsys to ty and make available all of its income grdnts and scholarships. Du8 to the C￿na￿DjS partd8m￿ th• year was a diifK%lt on8 kn the Tru8t to Its usual vrdy, but spite thi5 dwN8rrfJe fv were 5tll able to offer fftnanTh￿ suprxwi to the usual number of sthocls and organisations. iThJeed many of these (ygankations needed tho TNsfs more than gvgr to help them through the fXiPAS. Grants totalling £6.950 were made to thrpg fv sthcds at Ishglleyl. Mfftton and Fyfidd. Grants totsllitvJ £1.950 were rnade to four students frcxn Iht dislrict of Epwng Fryost for books and equiwwrt to th8m Wth their music, unrversty and sludlgs. A grant of £540 was mad& to iknt(*Nw (>8on Cth*et Club to help towarttsjunk)r cricket coa(*ing. The Tm8t also its Support of 8duc4tional organ*ti¢)ns s￿1 sbAents based in Towor Hamlèts aThJ Hathiey. They d*J so by awarding £3.LYKJ lo th& ￿0*￿. - Ham y￿ng Pewes Thealre tsll1tsSr'SdAf thèotre wup for d*•blad ts•nagers. . Queen Mary Col* to alkjw them to aw¥d a three yeaf SL*KAarshlp to a l(Kal student from their area. . Toyntr￿ H￿1 for the￿wo￿ in dev*Fing y￿￿19>￿9rSlMp 5klls WI￿ young in Hankn. - this lime Iheir nebJht*xJrtts>J pr￿t 7he bigger 8ing' Aso. th¢ first time the Twst supported AwAlo Mu* Pr¥ects with a £2.orJ) granL This was Ljsed towa￿$ (x)st of the partiiipabcffl of Tyssen Primary Sthty)l Tty4ver Hamiels in their mwc elkntion projramme. DuiiThJ the year Ihere was a signfficanl drop of £78,646 in thè vabje of the Trusfs investmenls. Thi8 was mainty due to the fam in value of its UK eqimty Thera vras aLw had a reduction in the Tru5fs annual incom8 as many r•)mp3nls redwxd or Cancell￿ diwdtrnd paymonts. Ovw41 tho value of th8 TTr￿s assets made up of Fixed Inlerest Funds. Equity fvnds eash. amount to £785.967. The Snvestments are ir*#yne 1$ maint*r*d to supprwt ils level of grants. STrUCTURE. GOVERNAIICE AND MANAGEIAEPIT The charity is Contro￿ by Its govemSng documen( a deed of trust. a￿1 ￿nStItUteS a Ilmw o>iwny. limited by guarantee, as defined by Ihè Compan￿$ Afa 2Crf)6. REFERENCE AND AI)MIMISTrATIVE DETAILS Reglsternd Company numb•r 04937288 IEnglar¥J and Wal8s Page 1 THE DEREK SHUTfLEWORTh EDUCATIONAL TRUST REPORT OF ThE TRUSTEES FOR THE YEAR ENDED 31 DECUIBER 2tr20 11ryJ819 33 Ash Grova8 Sa%4bridgoworlh Hgrtrrydshire CM21 9LN Tr￿1¥￿1 P W 8ard Reijred J R C￿1￿ Rellred J W Pa￿jnS Retired D J Par5¢￿$ ¢0m￿Y Director L Ramsey Diredor C¢)mpany SorJ•tsry PW8ard Hathrs Chartgred A(twrtants Slalicffj Road Lcwght IG10 4PL STATEIIE OF TRUSTEES. RESPONSI8IUTIES Thè trugttts IlvA￿ are also the (lirectors of Th• Dart shuttlewc￿ EdLThtSonal Tntst for the pU￿)SeS of company ￿? we re8￿￿tle for wepariThJ thè the Twstees and the finanrial statornents accijrdance with appliC￿e law and United Kiw1om Acc(MJnting Standwts Iunlted Kiftgdry￿ Generalty Accept￿ Accojnling Pra(aicel. Ctynpany kgw requirts Ihe trustees to preparo finan¢lal statsrn6r)ts for éath financial ygar vthkh Iwg arKI tJir vivw of the slate of affairs of the etharitatlè ojmpany and of the incoffirMJ resourcos and aW•bon ot resr¥Jrces. induth'rwj tho in¢offle gnd expwdituro, of Iho d￿rItable 0)m￿Y for Ihgt [￿rtod. In proparkng . seknt suitablè 8e£eAmlty pdOrAÉS And aPFty them consistenty,. observe fv ￿th(￿J5 prin(ap￿S In the Charity SORP., mak&judg•monts 8nd estimates that are reH$Onab￿ and wu￿￿1.. prepa￿ ffinanci81 slxtwmnts on gtyng ￿nCern basis unless it is ￿appro￿l* ki presum¢ tho1 the dK4Fit8blg pynp8ny wntinue in ￿￿neSs. al any time ttye finanty81 pOSit￿)n of the tsynpany to to ensure that Ihe finanual staleThnts compty Trmlh Ihe Cwanies Act 2W6. They are aso responsitile for safeguardiThJ the assets of the charita1￿6 company and hence for takiTrJ reasonth steps for the provention and ddK*on of Iraud and other wregulaiibes. P W Bard. Tnjstee Pag8 2 INDEPENDEKf EXAMINER% REPORT TO THE TRUSTEES OF THE DEREK SHirrFLEWORTh EDUCATIONAL TRUST Compan￿) I rèiKrft to th& tharfty trustees on my examinalxjn of thè a(Yx￿nts of the Company for the ytar 3109(*mbèr 2020. ++* As thè dwritys trustees of the Cornpany also ils directors for Ihe of wnp#ny fawl you aro for the preparation of the accounts in a(xordance with the requirerrents of the Companies kt 21Th Ph• 2006 ACV Hamng sab"sfi8d mysdf that Ihe accoLsnts of Ihg C(*npa)y are not required to te 0￿j1￿ undw Part 18 ol the 21th ALt and arp 91igit4e tr iThJependenl èxaminati￿, I rwrt ￿ respect ol my examination of your L*oWs acLounts as cartled out under section 145 of Ihe Ch8rÉbes Act 2011 Ilhe 2011 ACVI In Carrwng out my minalicn I have lthlowod ts OireGl*)n5 gNen by Ihe Ch¥ilty Cc4nmission under sec*cffi 14515) Ibl c4 the 2011 ACL I have completed my examinatwJn. I confiTh Ihot no mattors twe cuno to rny altenlion Mi conneclton wklh Ihe examination gNing me c8USO to balievo: AeuJuntiThJ rec￿d3 ¥•￿ not wt in rw cl the Cryryny as required ty section 386 d th& 2 the accounts do TrJi ac¢(Yd wth th086 re￿￿dS,. or than any requirgrronl that th& aco)unts gr¥e a tn￿ and viaw is rw)l a fflatter (xx￿1￿¥￿ os part of an 1rvjèF￿d$rt1 8xaminatk)n,' or Ihe aCto￿ts have Tr)t bean pw*8d in acojrdance Ihe and prrKypkn of the St8tgm of RecOW￿ded Pr#¢tic8 attJJnling aThJ reFrfyb'ng by thar￿es laFvlicable to rtharities propgring their a￿Unts in W>))rdan￿ %bilh tho FirAnckal Rep￿t￿l9 Stsndanl ap￿Icat￿e in the UK al￿ Reput4 of kelaThJ (FRS 10211. I have no ccfflcerns and havè IYAM 8rJoss no other matter8 in ￿naCtiOn with the examinat•Jn to whth attenlKm shcthj be drawn in thi3 W in ordgr to onaiAe a wvper und9r3tsnding crf Ihe accounts kj be P Thain FCCA Ha￿er$ Chartered A￿unts￿ts Old Staiicffl Road Lryjghtr IG10 4PL STATEMENT OF FINANCIAL AcnvmE8 FOR THE YEAR ENDED 31 DECEMBER 2020 2020 2019 Unrestrlct•d Total fund nd¥ INCOME AND ENDOWMEKfs FROM Investrwil ir*ome 25.235 31,152 Raislng lundB 1.325 1.095 1,325 Grants 27.811 Olher Total 27.825 28.966 Net gainsl{Ios5esl on WNe5tments (78.8461 94.¥24 MET114COMW(EXPENDITUREI {81,Z36> 97,110 RECONCIUATIOII OF FUNOS 867,203 rnJ,093 TOTAL FUNDS CARRIED FORWARD 785.￿7 867203 The notes form p¥rt oflhese finanaal staternents Page 4 THE DEREK SHUTtLEWORTH EDiICATIONAL TRUST BALAMCE SHEET 31 DECEMBER 2020 2019 Unre¥fylct•d Tgtsl nd nds FIXED ￿sSEr8 Inv•stm8nts 744.344 822,99) CURRENT ASSETS Cash at bank 41.623 44.213 NEf CURRENT ASSETS 41,623 44,213 TOTAL ASSETS LESS CURRENT UABIUTIES 785.￿7 867.203 785.967 867.203 FUNDS Unrestri(aed fuTrJ8 785,967 867.203 TOTAL FUMDS T85.967 867.203 The chBrilaN8 i•ny is enllled to exwnpbon Irom audit under SectKJn 477 of the Companies Act 2006 for the ￿rend8￿ 31 Dgeember 2020. The ￿￿1bets have not requwed th8 (x)mpany lo obtan an audtt of 115 finanual sLitements for the yw ￿deAd 31 Decembgr 2020 in a(knrd8rts wrfh secti￿ 476 of Ihe COM￿leS Act 2Cth. Thè Intstè8s ackn(hthrJgè Ihèir respOns￿litieS for {al ensuring that the tharitable company keeps accoLmtiThJ record5 that comrAy vthllh S¢(*ons 366 aThJ 387 of th8 Comp8n*s Act 21X)6 and (bl Pfepariry slatom￿ts grve a In￿ aThJ far wi8w of tho slato of affairs crf th& dKg1itabie company as at tho end of eath fmarhial year and of ts surplus or deficit for 88d) financaal year in arxx)rdanf* vAth the ￿UIreMents of Section5 394 aThJ 395 aThJ which other*ise ¢offlpty wth the IPqUiFem￿ts ¢A ts Compan￿$ Acl rdab.ng to fin8no81 ststem8nls, 80 fw as aP￿iCable to the ch¥i18Uo ¢(Mn￿ny. These finanoal statèmènts have been Prepared in acc￿￿8n¢¢ wSth the prov1s1o￿ appli¢able to thar#able cwjpanias subJ8d trj the small ￿rnpanieS regime. and were signed on Sts behalf by.. P W Bard- Trustee Page 5 THE DEREK SHiITfLEl￿ftTh EDiICATK)NAL TRUST NOTES TO THE FINANCIAL STATEIAEMTS FOR THE YEAR ENDED 31 DECEMBER 2020 ACCOUNTING POUCIES 8asls of pr•pxlng thellnan¢l•l stst•m•nts ThB finanoal statements of Ihe tharitsbk Comp￿Y. whth is a puilic b￿￿fil en￿ty urKler FRS 102, havg tjaon prepored in accoTdarTh vrith thè Char6ti8s SORP {FRS 1021 'A(Younting and by Charities.. Slatement of Ret￿MMended Prncli¢¢ a￿lcable to thartbÈs prÈp8rirwJ thwr accounls In 8ccordan(* with the Finanaal Repo)fflirw Stan(larm• I Inwne 1$ rgccgnised ￿ the StAt8m8nt of Flnonrial Actm1￿ on(* tho tharfty hos enOtI8mevrt to the ftjnds, rt is probab￿ that th8 inLX)me WIN bè r8ceNed and the arr￿U￿t (¥n bg m&aSu￿1 reliatty. Exp•Adltur• Lkqixlities are r￿nISed as expenditure as soon as theTe is 8 1*981 or conslructive obligab.on coThthng th8 charity to that ex￿rture, Ét is probable thal a transfer of econom￿ benefits will bg rw4uired w) sethment and the amount of the ￿liOn can be mèss￿d r8habty. ExpendituTr is accixvrtgd for on an accruals basis 8rwJ has bggn dassffied under I￿91J1￿9￿ Ihat aggregate am ¢￿$t r*le(I to the ¢ategJy. Where (xxts I￿r￿t be directy attril)vted to p*li(Aslar headwvJs they have been &llwatgd lo ac*vrfi8s on a ba815 cor￿1￿￿￿t with the use of resour Grants I)ffe￿I subJ"ocl to coThlTknons whth have rK)t been met al the year end dats are noted as a cc¥nmrfrn¢nt not acelued as expenditur8. Tax•lion The tharity is gx8mptfrom ujrwalion tsx on ils chwitable acti¥ili#s. Fund aeeountlng Unrestrthd funds can be used in accordance wrth Ihe chHrilaL4• objectives al the di8ryetM)n of the tr￿1￿8$. Re5trfded fu￿1$ ¢w be used for partl¢thr restricled within the objects of the chrty. Restriclions arisa when speci￿1 by I*Mor ￿ %then fvnds are rais*l for parlirJJlar TestrKt8d explanaknm of the nalure and puw d eath fijnd is kndud&l in Ihe notes to tho fir￿C9a1 stat INVESTIIIENT INCOPAE 2020 2019 Unrn8trfct•d Total fuftds Oth•r fixed asset rnvsstsnents Dèposié acLYKJnt intmt 25.225 10 31.133 lg 25.235 31,152 Page 6 ntinued... NOTES TO THE FIMAMCIAL STAIEMEMTS. ¢ontlnu•d FOR THE YEAR ENDED 31 DECEMBER 2020 INVESTIAEKf MANAGEMEMT COSTS 2020 2019 fund nds GRAlffS PAYABLE 2019 Grants 26,440 27,811 The total grants paKI lo indWals during the year was as 2020 2019 Match¥ig t>eon C of E Prlmwy School MoTeton C of E Pn"mary S(*K Ongar Ishellèyl Prfmary Schoc4 MatchirvJ (>een Cricknt Club Queen Mary UnN8rsty of Lo Haf Pknn Your¥J pe¢v￿ Theatre Toynbee Hall Sytalfidds Festival NwJhtourtKoJ S(*th￿s CIKts Company ttr walke￿ Primary SclKvJ Fyr￿1 IndN¥JuaS Strthyents (Grdnts not eXCeedN￿ £5001 2,973 1,750 2,134 1,750 540 3.0￿) 1.9 26,440 27,811 TRUSTEES. REMU14ERAIION AND BENEFThS There w8r• no thjstees. remuneratThi or other bgnefits for the year ended 31 Decwnber 2020 nor for thè year 31 t)ecethr 2019. There werè no INste8s' exp8nse8 pald k* the yw oThJed 31 December 2020 r•Jr for Ihe year ended 31 December 2019. COIIJPARAnVES F{￿ THE STATEAIENT OF FINANCIAL ACTMTIES fund 31.152 Ralslng fvnds Investment M￿nt costs 1.095 1.095 Grar 27,811 Paye 7 conlinu•l.. THE DEREK SHUTfLEWORTh EDUCATIOIIAL TRUST MOTES TO THE FINANCIAL STATEMENTS. contlnuod FOR THE YEAR ENDED 310ECEIABER 2020 COITrARATIVES FOR THE STATEMENT OF FINANCIAL ACTivmES. conlinwd Urmtrlcl•d nd 28,966 Net gawks (m knvestrnents 94,924 NEf IMCOME 97,110 RECOfr4CLIATK)N OF FUNDS 770.093 TOTAL FUMDS CARRIED FORWARD 867,203 IAARKET VALUE At 1 January 2￿20 Revalualons 822.9 178.8461 Al 31 December 2020 744,344 BOOK VALUE Al 31 December 2020 744,344 At 31 Decombar 2019 were ￿ InVes￿nt assets outside Ihe UK. IOVEMEMT IN FUNDS N•t movom¥nt In fvnd At1MRQ 31112RO unfo¥tr￿ knnds 867.203 181.2361 785.967 TOTAL FUNDS 867.203 181.2361 785.987 Page 8 continued... THE DEREK SHIITfLEIWRTh EDUCATIONAL TRUST MOTES TO THE FIIIANCIAL STATEMENTS- contlnu•d FOR THE YEAR ENDED 31 DECEMBER 2020 AIOVUENT IM FUNDS ￿t￿ntInU•d Net mov$N￿ In fund5. induded in th8 ¥knJve 8r8 osfollows: Incomlng R•sourcM Galns •nd Mov•rnent •XP￿￿od In funds (27.8251 {78.6461 (81.2361 TOTAL FUNDS 25.235 {27.8251 178.646) 181.2361 ComparatlTnS for m¢mm•nt In funds N•t At 111119 ID fvnds 31112M9 General fijnd 770,093 97.110 867.203 TOTAL FUNDS 770.093 97,110 867.203 Ccffiparthe net n￿rne￿ ￿ fvnds, knduded In the above aro as fdkhvs: In Unrg*l¢t•d ￿ndS Genetsl furKI 31.152 128.9661 94,924 97.110 TOTAL FUNDS 31,152 128,9661 94,924 97,110 A o4rr&nt year 12 months aKI year 12 monlhg u)mbined posh1￿ is as At 3111Z12 At 111119 In fund Unrgsbl¢ted funds Gènèral fijnd nO.093 15,874 785,967 TOTAL FUNDS 770.093 15.874 785.967 Page 9 continued... MOTES TO THE FINANCIAL STATEMEPn- Ctyrtlnuod FOR THE YEAR ENDED 31 DECEMBER 3020 lOVEmEP￿ IN FUNDS. Contlnued A current year 12 months and wor year 12 months (tyntsned nel mvemert in fuThJs, induded In th& above are as fdlows: Incomlng R•*oufc•s Galm and Mov•m•Trt Gen8T•I 56,387 {56.791 } 16.278 15,874 TOTAL FUMDS 56.387 15e.7911 16,278 15.874 RELAYED PARTY DISCLOSURES There ￿Te r•) ￿ed pariy Iransxtions forthe year ernled 31 December 2020. Pogg 10 ThE OEREK SHimLEWm EDUCATIONAL TRUST DEfAILED STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31 DECEPABER 2020 2020 2019 MCOME AND ENDOWMENTS 31.133 19 Deposit aoxunt intsrest 10 25.235 31.152 Total incomlng rnsoure•s 25,235 31.152 1.095 Grants to iTrJiyiJuats 27,811 Flnan¢• Bank thapJe 60 Net (*xpondltw•Vln¢om• b•for• galns I2.5￿) 2.186 R￿11*•d rwnlmd g•ln• •MI Ios Realised gainsllhjsses) on fixed as8et 178.6461 94￿4 N•t (exp￿dI￿n￿l￿etsMtt 181.2361 97.110 This pag8 do8$ not lom partof the slalutory IItKqrtkg1 staternents Page 11