| REGISTERED CHARITY Ni | |
|---|---|
| REGISTERED COMPANY NUMBER 05263772 | |
| PRINCIPAL OFFICE OF THE TRUSTEES, THE CHARITY AND COMPANY DIRECTORS | |
| ^ske's Boys’ School | |
| Butterfly Lane | |
| Elstree | |
| Hertfordshire | |
| WD6 3AF | |
| CHARITY TRUSTEES | |
| MrS Behr | |
| MrSCartmellOBE | |
| Mrs M Chaundler OBE | (Resigned 23rd ^ Septem |
| Ms J Cockerell | (Appointed 13th h Octobier 2020) |
| Mr! Dolan | (Appointed 4th May 20201 |
| leweil | [Resigned 4th May 2020) |
| Lock ^rAR |
[Resigned 4th May 2020) |
| Myers (C Mr J |
|
| S Thome ШО |
(Resigned 4th May 2020) |
| COMPANY SECRETARY | |
| Mrs N Brown | (Appointed 4th May 2020) |
| KEY MANAGEMENT PERSONNEL | |
| Mr В Friar (Director of Development) | (Appointed 5th January 2021) |
| Mr R Llewellyn (Director of Foundation) | |
| COMPANY DIRECTORS | |
| BANKERS | |
| Barclays Bank Pic, PO Box 104,18 St Peter's Street. St Albans, Hertfordshire, ALI 3AL |
| The Charily reviews its reserves policy annually. Until the Foundation is in a position to fund its charitable giving activities from the income derived (rom |
|---|
| Invested funds the Trustees' policy is to expend an amount up to the total unrestricted annual donations towards supporting education at the Schools, |
| predominantly in the form of means tested bursaries. |
| At year end the Trustees took note that charitaWe donations and investment income aliowed (or an increase in the amount o( support that could offered, |
| so that more means tested bursaries could be offered to students already attending the Schools and to those offered places In the academic year 2020/21. |
| However, the Trustees will continue to keep this under review to ensure that the level of incoming donatioas and Income i$ sufficient to fund future |
| commitments. |
| At the Balance Sheet date, the Foundation held Endowments of £172,088 (2019: £169,900), restricted funds of £658,574 (2019: £710,177) and unrestricted |
| £1,837,102). Following the decision to change the name and Objects of the Foundation, the Trustees agreed to ringfence the ,1332019: |
| n restricted brought forward и |
| After making appropriate enquiries and considering the impact of the 19 pandemic, which has had a significant impact on the global economy and COVID |
| a reasonable expectation that the Charity has adequate resources to continue to have many entities' business and charitable activities, the Trustees continue |
| its activities for the foreseeable future. Whilst it is expected that COVID-19 will inevitably have some impact on the Foundation, it is not thought that this will |
| be significant. |
| Unrestricted | Restricted | Endowed | 2020 | 2019 | ||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Total Funds | Total Funds | ||
| Note | £ | £ | £ | £ | £ | |
| Incoming Resources | ||||||
| Donations and Legacies | 192,052 | 57,556 | 249,608 | 108/ | ||
| Investment Income | 28,779 | 5,571 | S49 | 34,899 | 7/ | |
| Total Incoming Resources | 220,831 | 63Д27 | S49 | 2 Д 16,107 | ||
| Resources Expended | ||||||
| Raising Funds | 89,466 | 153,652 | ||||
| Charitable Activities | 264,S01 | |||||
| Total Resources Expended | 131,633 | 353,967 | 286,986 | |||
| Net incoming/(outgoing) resources before other recognised | ||||||
| gains and lasses | (68,511) | S49 | (69,460} | 1,829421 | ||
| Gains/(Las$es) on Investments | 6 | 16,908 | 1,639 | 74,075 | (231) | |
| Net Movement in Funds | (51,603) | 2,188 | 4,615 | 1,828.890 | ||
| Funds brought forward | 8 | 169,900 | 2,717,179 | »88,289 | ||
| Funds Carried Forward | 8 | 6S8#574 | 172,088 | 2,721,794 | 2,717,179 |
| Endowments | 172,088 | 169,900 |
|---|---|---|
| Unrestricted | 312,436 | 193,664 |
| 1,578,697 | 1,643,438 | |
| 658,574 | 710,177 |
| 2020 | 2019 | |
|---|---|---|
| £ | C | |
| Cash flows from operating activities | ||
| lor the year rnc/(l(>s$) |
(69,460) | 1,829,121 |
| enis for: | ||
| Investment income | (34,899» | [7.404) |
| 0ecrease/(increase) in debtors | (5.784) | 4,481 |
| (Decrease)/!ncrease in creditors | (1Д57) | (2,636) |
| Net cash flows from operating activities | (ИМ00) | 1,823,562 |
| Cash flows from ¡rivesting activities | ||
| stments Income from inve |
7,404 | |
| Purchase of investments | ||
| Proceeds from disposal of investments | 29,938 | |
| Net cash flows from investing activities | 37,342 | |
| Change in cash and cash equivalents in reporting period | 1.860,904 | |
| Cash and cash equivalents brought forward | 812,372 | |
| Cash and cash equivalents carried forward | 2,673,276 |
| 3. Incoming Resources | |||||
|---|---|---|---|---|---|
| 2020 | 2020 | 2020 | 2019 | ||
| Unrestricted | Restricted | Total Funds | Total Funds | ||
| £ | £ | £ | £ | ||
| Donations and Legacies | |||||
| Scholarships & Bursaries | 54,057 | 54,057 | 1,931,273 | ||
| Unrestricted/ Gorvoral | 35.457 | 1,775 | 37,232 | 18,778 | |
| Buildings/ Academic Facilities | 50 | 50 | 643 | ||
| Prizes | 9S0 | ЭБ0 | |||
| Extra Curricular Activities | 724 | 724 | |||
| Gift in Kind (See note 9) | 1S6.S95 | 156,595 | 153r6S2 | ||
| 192,052 | 57,556 | 249,608 | 2,108,703 | ||
| 4. Investment Income | |||||
| 2020 | 2020 | 2020 | 2020 | 2019 | |
| Unrestricted | Restricted | Endowed | Total Funds | Total Funds | |
| £ | £ | £ | £ | E | |
| Securities (Equities & Unit Trusts Stocks) | 18,580 | 5,571 | S49 | 24,700 | 398 |
| Bank Interest | 10,199 | 10,199 | 7,006 | ||
| 28,779 | S,S71 | S49 | 34,899 | 7,404 | |
| 5. Total Resources Expended | |||||
| 2020 | 2020 | 2020 | 2019 | ||
| Staff Costs | Other | Total Funds | Total Funds | ||
| £ | £ | £ | |||
| Gift in kir>d (See note 9) | 89.466 | 89,466 | 153,652 | ||
| Scholarships / Bursaries / Awards | 193.731 | 731 | 131,084 | ||
| Bldgs/ Prizes / Academic Facilities | 9Б0 | 950 | 1,250 | ||
| General / Unspecified | 991 | 1,700 | 2,691 | 1,000 | |
| Gift in Uml (See noted) | 57,129 | 57,129 | |||
| 90,457 | 263,510 | 353,967 | 286,986 | ||
| 2020 | 2019 | ||||
| £ | E | ||||
| Remuneration of auditors for audit services | 4.S00 | ||||
| Governance costs (including audit fees) | 10,685 | 5,400 | |||
| Grants to Schools for scholarships, bursaries and hardship | 193,731 | 131,084 | |||
| 2020 | 2019 | ||||
| £ | |||||
| Aggregate employee-benefits of key management personnel | 60,812 | 63,478 |
| 6. Fixed Assets Investments | |||||
|---|---|---|---|---|---|
| 2020 | 2019 | ||||
| £ | |||||
| Market Value brought forward | 39.961 | 70/131 | |||
| Additions | 2,400.000 | ||||
| Disposals | (41.600) | (29,938) | |||
| Investment Income reinvested | 23.86S | ||||
| gains/(looses) | 74.075 | [231) | |||
| Market Value carried forward | 2,496,301 | 39,%1 | |||
| Investment Portfolio | |||||
| 2020 | 2019 | ||||
| f | £ | ||||
| Multi asset fund | 2,480,905 | 39,961 | |||
| Cash | 15,396 | ||||
| 2,496,301 | |||||
| 7. Analysis of Net Assets ar>d Liabilities | |||||
| Endowment | Unrestricted | Restricted | 2020 | 2019 | |
| Fund | Fund | Fund | Total | Total | |
| £ | £ | £ | i | £ | |
| Fixed assets | 172.088 | 1719,045 | 605Д68 | 2#4%.301 | 39,961 |
| Current assets | 172,087 | 53.406 | 225.493 | 2,678,475 | |
| Current liabilities | (1.257) | ||||
| 172,088 | 1,891,132 | 658,574 | 2,721,794 | 2.717Д79 |
| 8a. Funds Analysis | ||||||
|---|---|---|---|---|---|---|
| Balance | Incoming | Resources | Gains/(losses) | Transfers | Balance | |
| OlS^p-19 | Resources | Expended | (Investments) | |||
| £ | £ | £ | £ | £ | £ | |
| General | 193.664 | 220,831 | 157,588 | 55,528 | 312,436 | |
| Designated • Schol / Burs / Awards (Davidson) | 1,578,697 | |||||
| Scholarships/ Bursaries/ Awards (General) | 21.211 | 54,057 | 85Д74 | 9,906 | 0 | |
| ps / Bursaries / Awards (Thomipson T | 19.906) | 76,060 | ||||
| legacy} | 286.185 | 286Д8Б | ||||
| Scholarships / Bursaries / Awards (Raw Brothers) | 21,892 | 148,108 | ||||
| Academic Facilities / Buildings/ etc | SO | 47,282 | ||||
| Prizes | 6,521 | 950 | 5.602 | 24,922 | ||
| EGA | 724 | ЗД72 | ||||
| Sports | 100 | 100 | ||||
| Events | 24.340 | 11,306 | ||||
| Other | 37,023 | 1,77S | 37,098 | |||
| 63,127 | 131,638 | 16.908 | 658,574 | |||
| 0. Wells | 169.900 | Б49 | 1.639 | 172,088 | ||
| 2,717,179 | 284,507 | 353,967 | 74,075 | |||
| 8b. Funds Analysis 2018-19 | ||||||
| Balance | Incoming | Resources | Gains / (losses) | Transfers | Balance | |
| Ol-Sep-18 | Resources | Expended | (Investments) | 31-Aug-19 | ||
| £ | Г | f | £ | f | £ | |
| General | 197 Д 06 | 179,169 | 193,664 | |||
| Designated - Schol/ Burs/ Awards (Davidson) | 1,643,438 | 1,643.438 | ||||
| Scholarships / Bursaries / Awards (General) | 92,835 | 71,624 | 21,211 | |||
| Scholarships / Bursaries / Awards (Thompson Trust) | 130.719 | 22,830 | ||||
| Scholarships/ Bursaries/ Awards (Cave legacy} | 294,497 | 8,312 | 6Д; | |||
| Scholarships / Bursaries / Awards (Raw Brothers! | 170,000 | |||||
| Academic Facilities / Buildings/ etc | 46.589 | &43 | ||||
| Prizes | 11.861 | ЗД38 | 1,250 | |||
| EGA | 1.229 | 1,219 | ||||
| Sports | 100 | 100 | ||||
| Events | 24,340 | |||||
| Other | 36.717 | 566 | 360 | |||
| S46.0S2 | 268,501 | 710Д77 | ||||
| D. Wells | 145Д31 | 25,000 | «231) | 169,900 | ||
| 888,289 | 2Д16Д07 | <231 |
| Donations and Legacies | ||||
|---|---|---|---|---|
| 7,404 | 7,404 | |||
| Total Incoming Resources | 1,822,606 | 268,501 | 25,000 | 2,116,107 |
| Resources Expended | ||||
| Raising Funds | 153,652 | |||
| 28,958 | 104,376 | 133,334 | ||
| Total Resources Expended | 182,610 | 104,376 | ||
| Net lncome/(Expenditure) for the Year | 1,639,996 | 164,125 | 25,000 | |
| Gains/Losses on Investments | (231) | (231) | ||
| 1,639,996 | 164 Д 25 | 24,769 | ||
| Funds brought forward | ||||
| 1,837,102 | 710Д77 | 169,900 |
| 11. Incoming Resources for the year ended 31 August 2019 | 11. Incoming Resources for the year ended 31 August 2019 | ||||||
|---|---|---|---|---|---|---|---|
| 2019 | 2019 | 2019 | |||||
| Unrestricted | Restricted | Total Funds | |||||
| F | f | £ | |||||
| Donations and Legacies | |||||||
| Scholarships & Bursaries | 1,643,438 | 287.83S | |||||
| ral | 18,112 | 666 | 18,778 | ||||
| Buildings/Academi | cFaci | 643 | 643 | ||||
| Prizes | 3,138 | 3,138 | |||||
| Extra Curricular Activities | 1,219 | 1,219 | |||||
| Gift in Kind | 153.6S2 | ||||||
| lt81S#202 | 293,SOI | 2,108,703 | |||||
| 12. Investment Income for the year ended 31 August 2019 | |||||||
| 2019 | 2019 | 2019 | 2019 | ||||
| Unrestricted | Restricted | Endowed | Total Funds | ||||
| f | £ | £ | Г | ||||
| Securities (Equities & Unit Trusts Stocks) | 398 | 398 | |||||
| Bank Interest | 7,006 | ||||||
| MM | 7,404 | ||||||
| 13. Total Resources | Expended for the year ended 31 August 2019 | ||||||
| 2019 | 2019 | 2019 | |||||
| Staff | Costs | Other | Total Funds | ||||
| £ | f | ||||||
| Gift in kind | 124,794 | 28.8Б8 | 153r6S2 | ||||
| Scholarships / Bursaries/ Awards | 131.084 | 131,084 | |||||
| Drama / Sports / Extra Curricular Activities | |||||||
| Bldgs/ Prizes / Academic Facilities | 1.2Б0 | 1,250 | |||||
| General / Unspecified | 1,000 | 1,000 | |||||
| 124,794 | 162,192 | 286,986 | |||||
| 14. Analysis of Net Assets and Liabilities for the year ended 31 August 2019 | |||||||
| Endowment | Unrestricted | Designated | Restricted | 2019 | |||
| Fund | Fund | Fund | Fund | Total | |||
| Fixed assets | 39,961 | 39,961 | |||||
| Current assets | 169,900 | 153,703 | 711.434 | 2,678,475 | |||
| Current liabilities | U.257) | (1.257) | |||||
| 169,900 | 193,664 | 1,643,438 | 710,177 | 2,717,179 |