2020-08-31-accounts

	Page
Trustees and Advisers
Report ofthe Trustees	3-5
Statement ofTrustees' Responsibilities
Report ofthe Auditors	7-9
Statement ofFinancial Activities	10
Balance Sheet
Statement ofCashflowe	12
Accounting Policies	13
Notes tothe Financial Statements	14-17

Board ofTrustees of	Board ofTrustees of	the Company	the Company	Dermot Collins
				Joshua Desouza
				Nicholas Kehoe
				Steven Keogh
				Matthew Lorenzo {Resigned 31 August 2020)
				Andrew Ndoca
				Francis McGettigan OBE
				Sean McWeeney
				Anthony Mars
				Anthony Murphy
				Scott Price
				Liam Sparks (appointed	20 September 2020)
				Paul Stubbings
Foundation	Director			Nicholas Kehoe
Company	Secretary			Nicholas Kehoe
Registered	Office			The Cardinal Vaughan	Memorial School
				89Addison Road
				London W148BZ
Auditors				PKF Littlejohn LLP
				Statutory Auditors
				15Westferry Circus
				Canary Wharf
				London E144HD
Bankers				Lloyds TSB
				Hammersmith Branch
				21 —25 King Street
				Hammersmith
				London W6 9HW
Solicitors				Bates Wells &Braithwaite
				10Queen Street
				London EC4R 1BE
Company	Registration		Number	6388943
Charity Registration		Number		1121531

				Notes
					General	Total	Total
					Purpose	Funds	funds
					Fund	2020	2019
					R
Income from:
Donations					35,628	35,628	36,034
Activities for generating investment income		funds			51,422 4,332	51,422 4,332	84,172 3,31?
Charitable Activities					10,437	10,437	8,793
Total Income					101,819	101,819	132,316
Expenditure on:
Charitable activities					1,637	1,636	36,984
Costs ofgenerating	voluntary		income		14,380	14,380	110,987
Total Resources Expended					16,017	16,017	147,951
Unrealised gain on	investments				18,542	18,542
Net Iwovement in Funds					104,344	104,344	(15,635)
Fund Balances brought		forward			296,228	296,228	311,863
Fund Balances carried		forward			400,572	400,572	296,228

	Note	2020	2019
		R
Cashflow from operating activities		80,391	{22,905)
Cashflow from investing activities
Purchase ofinvestment			(125,000)
Cash balances atstart ofyear		196,492	344,397
Cash balances atyear end		276,883	196,492
a. Reconciliation ofnet expenditure	to net cashflow from operating activities
Net movement in Snds		104,344	(15,635)
Unrealised investment gains		(18,542)
(Increase) IDecrease in debtors		1,645	(1)
Increase I(Decrease) in creditors due within	one year	{7,056)	(7,269)
Net cashflow from operating activities		80,391	(22,905)

1.	Activities for Generating Funds				Total	Total
					2020	2019
	Fund Raising Events:					R
	Foundation Dinners and Auctions					20,295
	Vaughan Parents Association Music Association Events	Events			13,761 24,526	40,985 13,915
	Sports Association Old Vaughnians Association Old Vaughnians Football Club				5,501 1,097 6,537	20,217 6,497
	Other					835
					51,422	87,172
	All activities in both years related	to unrestricted		funds.
2.	Incoming Resources from Charitable		Activities
	Sports Camps Team Subscriptions				10,437	2,640 6,153
					10,437	8,793

					Direct	Support	Total	Total
					Costs	Costs	2020	2019
					R		R
Charitable	activities				455	1,182	1,637	38,096
Cost ofgenerating		voluntary	income		11,730	2,650	14,380	109,455
					12,185	3,832	16,017	147,951
All activities	in both	years related to unrestricted		funds.
Net Incoming Resources							2020	2019
								R
This is stated after		charging:
Auditors' remuneration							3,600	3,493

6,	Investments				2020	2019
	Balance brought forward				125,000
	Additions					125,000
	Unrealised	gains			18,542
					143,542	125,000
7.	Debtors
	Income Tax recoverable				735	2,379
	Debtors
					735	2,379
8.	Creditors:	amounts	falling due within one year
	Accruals and deferred			income	20,588	27,644
					20,588	27,644

9.	Reserves
			Balance	at				Unrealised	Balance at
			beginning	of	Incoming	Outgoing	investment		end of
			year		resources	resources		gains	year
								R
	Designated funds
	General Fund		78,082		19,534	(1,433)		18,542	114,725
	Sports Association		28,987		5,501	5,768			40,256
	Vaughan Parents	Association	126,594		13,762	(7,579)			132,777
	Old Vaughanians'	Association	12,336		1,097	(777)			12,656
	Music Association		28,697		44,201	(371)			72,527
	Old Vaughanian	Football Club	21,532		17,724	(11,625)			27,631
			296,228		101,819	(16,017)		18,542	400,572
	Prior Year Reserves				Balance at				Balance at
					beginning of	Incoming		Outgoing	end of
					year	resources		resources	year
								E
	Designated funds
	General Fund				81,015	37,569		(40,502)	78,082
	Sports Association				26,726	3,775		(1,514)	28,987
	Vaughan Parents	Association			128,286	41,846		(43,538)	126,594
	Old Vaughanians'	Association			10,731	1,645		(40)	12,336
	Music Asgociation				53,419	25,442		(50,164)	28,697
	Old Vaughanian	Football Club			11,686	22,039		(12,193)	21,532
					311,863	132,316		(147,951)	296,228