| Page | ||||
|---|---|---|---|---|
| Report ofthe | Trustees | 1 | to | 3 |
| Independent | Examiner's Report |
|||
| Statement of | Financial Activities | |||
| Balance Sheet | ||||
| Notes to the Financial Statements | 7 | to | 15 | |
| Detailed Statement ofFinancial Activities | 16 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | |||
| fund | fund | fund | funds | funds | |||
| Notes | E | E | E | E | E | ||
| INCOME AND ENDOWMENTS | |||||||
| FROM | |||||||
| Donations and legacies |
|||||||
| Investment income |
3 | 17,239 | 15,785 | 33,024 | 36,816 | ||
| Total | 17,239 | 15,785 | 33,024 | 36,816 | |||
| EXPENDITURE ON | |||||||
| Charitable activities |
|||||||
| Charitable activities |
10,370 | 11,144 | 21,514 | 327,918 | |||
| Net gains/(losses) on |
|||||||
| investments | 68,584 | 69,462 | 138,046 | (143,209) | |||
| NET INCOME/(EXPENDITURE) | 75,453 | (11,144) | 85,247 | 149,556 | (434,311) | ||
| Transfers between | funds | 12 | 11,000 | (11,000) | |||
| Net movement in funds |
75,453 | (144) | 74,247 | 149,556 | (434,311) | ||
| RECONCILIATION OF FUNDS |
|||||||
| Total funds brought | forward | 466,089 | 122,473 | 210,999 | 799,561 | 1,233,872 | |
| TOTAL FUNDS CARRIED | |||||||
| FORWARD | 541,542 | 122,329 | 285,246 | 949,117 | 799,561 |
| Balance Sheet | Balance Sheet | ||||||
|---|---|---|---|---|---|---|---|
| 31July 2021 | |||||||
| 2021 | 2020 | ||||||
| Unrestricted | Restricted | Endowment | Total | Total | |||
| fund | fund | fund | funds | funds | |||
| Notes | E | E | E | E | E | ||
| FIXEDASSETS | |||||||
| Investments | 8 | 532,311 | 363,313 | 895,624 | 757,578 | ||
| CURRENT ASSETS | |||||||
| Debtors | 121,705 | 121,705 | 121,705 | ||||
| Cash at bank | 33,349 | 4,759 | 43,638 | 81,746 | 356,534 | ||
| 33,349 | 126,464 | 43,638 | 203,451 | 478,239 | |||
| CREDITORS | |||||||
| Amounts falling due within one |
|||||||
| year | 10 | (24,118) | (4,135) | (121,705) | (149,958) | (136,256) | |
| NET CURRENT ASSETS | 9,231 | 122,329 | (78,066) | 53,493 | 341,983 | ||
| TOTAL ASSETS LESSCURRENT | |||||||
| LIABILITIES | 541,542 | 122,329 | 285,246 | 949,117 | 1,099,561 | ||
| Provisions for liabilities | 11 | (300,000) | |||||
| NET ASSETS | 541,542 | 122,329 | 285,246 | 949,117 | 799,561 | ||
| FUNDS | 12 | ||||||
| Unrestricted | funds | 541,542 | 466,089 | ||||
| Restricted funds | 122,329 | 122,473 | |||||
| Endowment | funds | 285,246 | 210,999 | ||||
| TOTAL FUNDS | 949,117 | 799,561 |
| INVESTMENT INCOM | E | |||||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| E | f | |||||
| Dividend income |
25,573 | 30,062 | ||||
| Deposit account interest | 7,451 | 6,754 | ||||
| 33,024 | 36,816 | |||||
| CHARITABLE ACTIVITIES COSTS | ||||||
| Direct | Support | |||||
| costs | costs | Totals | ||||
| E | f | E | ||||
| Charitable activities |
20,566 | 948 | 21,514 | |||
| Unrestricted | Restricted | Endowment | 2021 | |||
| E | E | E | E | |||
| Charitable activities: |
||||||
| Sixth Form Scholarships | 4,322 | 4,322 | ||||
| Scholarship Trust Awards |
||||||
| Music tuition | 11,058 | 11,058 | ||||
| Sundry instrumental | costs | |||||
| Holt Scholarships | 5,186 | 5,186 | ||||
| 9,508 | 11,058 | 20,566 | ||||
| Support costs: | ||||||
| Bank charges | 82 | 86 | 168 | |||
| Independent Examiner's fees |
780 | 780 | ||||
| 862 | 86 | 948 | ||||
| 10,370 | 11,144 | 21,514 |
| Unrestricted | Restricted | Endowment | 2020 | |||
|---|---|---|---|---|---|---|
| E | E | E | E | |||
| Charitable | activities: | |||||
| Sixth Form | Scholarships | 4,322 | 4,322 | |||
| Scholarship | Trust Awards | (90) | (90) | |||
| Music tuition | 8,759 | 8,759 | ||||
| Sundry instrumental |
costs | 8,900 | 8,900 | |||
| Junior Hall | contribution | 300,000 | 300,000 | |||
| Holt Scholarships | 5,187 | 5,187 | ||||
| 309,419 | 17,659 | 327,078 | ||||
| Support costs: | ||||||
| Bank charges | 60 | 60 | 120 | |||
| Independent | Examiner's fees | 720 | 720 | |||
| 780 | 60 | 840 | ||||
| 310,199 | 17,719 | 327,918 |
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
|||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | ||
| fund | fund | fund | funds | ||
| E | f | E | E | ||
| INCOME AND ENDOWMENTS | FROM | ||||
| Donations and legacies |
|||||
| Investment income |
17,829 | 18,987 | 36,816 | ||
| Total | 17,829 | 18,987 | 36,816 | ||
| EXPENDITURE ON | |||||
| Charitable activities |
|||||
| Charitable activities |
310,199 | 17,719 | 327,918 | ||
| Net (losses) on investments | (61,199) | (82,010) | (143,209) | ||
| NET (EXPENDITURE) | (353,569) | (17,719) | (63,023) | (434,311) | |
| Transfers between funds |
916 | 18,083 | (18,999) | ||
| Net movement in funds |
(352,653) | 364 | (82,022) | (434,311) | |
| RECONCILIATION OF FUNDS |
|||||
| Total funds brought forward |
818,742 | 122,109 | 293,021 | 1,233,872 | |
| TOTAL FUNDS CARRIED FORWARD | 466,089 | 122,473 | 210,999 | 799,561 |
| 7. | TANGIBLE FIXEDASSETS | |
|---|---|---|
| Plant and | ||
| machinery | ||
| E | ||
| COST | ||
| At 1August 2020 and 31July 2021 | 6,365 | |
| DEPRECIATION | ||
| At 1August 2020 and 31July 2021 | 6,365 | |
| NET BOOK VALUE | ||
| At 31July 2021 | ||
| At 31July 2020 |
| 8. | FIXEDASSET INVESTMENTS |
|---|---|
| MARKET VALUE | |
| At 1August 2020 | |
| Revaluations | |
| At 31July 2021 | |
| NET BOOK VALUE | |
| At 31July 2021 | |
| At 31July 2020 |
| 9. | DEBTORS: | AMOUNTS | FALLING DUE WITHIN ONE YEAR | FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| E | E | |||||
| Inter fund | loans | 121,705 | 121,705 | |||
| 10. | CREDITORS'.AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||||
| 2021 | 2020 | |||||
| E | E | |||||
| Inter fund | loans | 121,705 | 121,705 | |||
| Accrued expenses | 28,253 | 14,551 | ||||
| 149,958 | 136,256 | |||||
| 11. | PROVISIONS | |||||
| Other | ||||||
| provisions | Total | |||||
| E | E | |||||
| Provisions | at 1August | 2020 | 300,000 | 300,000 | ||
| Movement | during the | year | (300,000) | (300,000) | ||
| Provisions | at 31July 2021 |
| MOVEMEN | T | IN FUNDS | ||||||
|---|---|---|---|---|---|---|---|---|
| Net | Transfers | |||||||
| movement | between | At | ||||||
| At 1/8/20 | in funds | funds | 31/7/21 | |||||
| E | E | E | E | |||||
| Unrestricted | funds | |||||||
| General fund | 466,089 | 75,453 | 541,542 | |||||
| Restricted | funds | |||||||
| The Peggy | James Guillou Awards | Fund | 122,473 | (11,144) | 11,000 | 122,329 | ||
| Endowment | funds | |||||||
| The Peggy | James Guillou Endowment | Fund | 210,999 | 85,247 | (11,000) | 285,246 | ||
| TOTALFUNDS | 799,561 | 149,556 | 949,117 |
| Incoming | Resources | Gains and | Movement | |||||
|---|---|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||||
| f | E | E | f | |||||
| Unrestricted funds |
||||||||
| General fund |
17,239 | (10,370) | 68,584 | 75,453 | ||||
| Restricted funds | ||||||||
| The Peggy James Guillou | Awards | Fund | (11,144) | (11,144) | ||||
| Endowment funds |
||||||||
| The Peggy James Guillou | Endowment | Fund | 15,785 | 69,462 | 85,247 | |||
| TOTALFUNDS | 33,024 | (21,514) | 138,046 | 149,556 | ||||
| Comparatives for movement |
in | funds | ||||||
| Net | Transfers | |||||||
| movement | between | At | ||||||
| At 1/8/19 | in funds | funds | 31/7/20 | |||||
| f | f | E | E | |||||
| Unrestricted funds |
||||||||
| General fund | 817,742 | (353,569) | 916 | 466,089 | ||||
| Restricted funds | ||||||||
| The Peggy James Guillou | Awards | Fund | 122,109 | (17,719) | 18,083 | 122,473 | ||
| Endowment funds |
||||||||
| The Peggy James Guillou | Endowment | Fund | 293,021 | (63,023) | (18,999) | 210,999 | ||
| TOTALFUNDS | 1,233,872 | (434,311) | 799,561 |
| Incoming | Resources | Gains and | Movement | ||||
|---|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||||
| E | E | E | E | ||||
| Unrestricted funds |
|||||||
| General fund |
17,829 | (310,199) | (61,199) | (353,569) | |||
| Restricted funds | |||||||
| The Peggy James Guillou | Awards | Fund | (17,719) | (17,719) | |||
| Endowment funds |
|||||||
| The Peggy James Guillou | Endowment | Fund | 18,987 | (82,010) | (63,023) | ||
| TOTAL FUNDS | 36,816 | (327,918) | (143,209) | (434,311) |
| 2021 | 2020 | |
|---|---|---|
| E | f | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | ||
| Investment income |
||
| Dividend income |
25,573 | 30,062 |
| Deposit account interest | 7,451 | 6,754 |
| 33,024 | 36,816 | |
| Total incoming resources | 33,024 | 36,816 |
| EXPENDITURE | ||
| Charitable activities |
||
| Sixth Form Scholarships | 4,322 | 4,322 |
| Scholarship Trust Awards |
(90) | |
| Music tuition | 11,058 | 8,759 |
| Sundry instrumental costs |
8,900 | |
| Junior Hall contribution |
300,000 | |
| Holt Scholarships | 5,186 | 5,187 |
| 20,566 | 327,078 | |
| Support costs | ||
| Management | ||
| Bank charges | 168 | 120 |
| Governance costs |
||
| Independent Examiner's fees |
780 | 720 |
| Total resources expended | 21,514 | 327,918 |
| Net income/(expenditure) | 11,510 | (291,102) |