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|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 ^<br>Septem|
|Ms J Cockerell|(Appointed 13th<br>h Octobier 2020)|
|Mr! Dolan|(Appointed 4th May 20201|
|leweil|[Resigned 4th May 2020)|
|Lock<br>^rAR|[Resigned 4th May 2020)|
|Myers (C<br>Mr J||
|S Thome<br>_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||



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|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 ali**o**wed (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<br>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<br>,1332019:|
|n restricted<br>brought forward и|
|After making appropriate enquiries and considering the impact of the<br>19 pandemic, which has had a significant impact on the global economy and<br>COVID|
|a reasonable expectation that the Charity has adequate resources to continue<br>to have<br>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.|



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|||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<br>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<br>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|





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|**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|



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|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|





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|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|||2,717,179|





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|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||





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|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|



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