| Officets and advisers | |||
|---|---|---|---|
| Directors' report | 2-4 | ||
| Independent Auditor's |
report | 5-6 | |
| Statement offinancial | activities | ||
| Balance sheet | |||
| Statement ofCash Flows | |||
| Notes tothe accounts | 10-16 | ||
| Forinformation ofthe Directors |
only: | ||
| Detailed income and expenditure | account | 17-18 |
| Note | Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | ||||
| 2020 | 2020 | 2020 | 2019 | ||||
| INCOMING RESOURCES | |||||||
| Incoming resources fmm generated | funds | 31,784 | 623,063 | 654,847 | 240,431 | ||
| RESOURCES EXPENDED | |||||||
| Grant Disbursement | (57,256) | (80,148) | (137,404) | (39,240) | |||
| Fund Raising, Investment Management, k Administration Costs |
Governance | (12,950) | (14,444) | (27,394) | (27,141) | ||
| TOTAL RESOURCES EXPENDED | (70,206) | (94,592) | (164,798) | (66,381) | |||
| NET INCOME/(EXPENDITURE) | FOR THE YEAR | (38422) | 528471 | 490,049 | 174,050 | ||
| Gain/(Loss) on investment assets |
29,936 | 77,436 | 107,372 | (16,492) | |||
| NET MOVEMENT IN FUNDS | (8,486) | 605,907 | 597,421 | 157,558 | |||
| Reconcgiation offunds | |||||||
| Total funds bmught forward at 1 August |
2019 | 893,698 | 2,311,667 | 3405,365 | 3,047,807 | ||
| TOTAL FUNDS CARRIED FORWARD AT30 | JUNE 2020 | 885,212 | 2,917,574 | 3,802,786 | 3,205,365 |
| BALANCE SHEETAT30JUNE 2020 | |||||
|---|---|---|---|---|---|
| Note | Unrestricted | Restricted | Total | Total | |
| Funds | Funds | Funds | Funds | ||
| 2020 | 2020 | 2020 | 2019 | ||
| FIXEDASSETS | |||||
| Tangible Assets | |||||
| Investments | 118,890 | 2,829,495 | 2,948,385 | 2,800,918 | |
| 118,890 | 2,829,495 | 2,948,385 | 2,800,918 | ||
| CURRENT ASSETS | |||||
| Debtors | 1,765 | 18,207 | 19,972 | 58,745 | |
| Cash at bank snd in head | 778,097 | 80,570 | 858,667 | 363,195 | |
| 779,862 | 98,777 | 878,639 | 421,940 | ||
| CREDITORS | |||||
| Amounts falling due within one year |
(13,540) | (10,698) | (24438) | (17,493) | |
| NET CURRENT ASSETS | 766,322 | 88,079 | 854,401 | 404,447 | |
| NETASSETS | 10 | 885,212 | 2,917,574 | 3,802,786 | 3405,365 |
| THE FUNDS OFTHE CHARITY | |||||
| Restricted income funds | 2,917,574 | 2,917,574 | 2,311,667 | ||
| Unrestricted income funds |
885,212 | - | 885,212 | 893,698 | |
| TOTAL CHARITY FUNDS | 885412 | 2,917,574 | 3,802,786 | 3,205,365 |
| 2020 | 2020 | 2019 | |||
|---|---|---|---|---|---|
| Cash flow from operating | activities | ||||
| Net income for period | 597,421 | 157,558 | |||
| Adjustment to cash flows |
&om non-cssh items: | ||||
| Finance income | (56,273) | (61,084) | |||
| Net (gain) / loss on revaluation | ~107 | 72 | 16492 | ||
| 433,776 | 112,966 | ||||
| Working Capital adjustments: | |||||
| Decrease in debtors | 38,773 | 5,455 | |||
| Increase in creditors | 6 | 745 | 620 | ||
| Net cash flow &om operating | activities | ||||
| Cash flow from investing | activities | ||||
| Payments to acquire investments | (773,338) | (609,857) | |||
| Receipts flom sales ofinvestmcnts | ~724 | 13 | 505946 | ||
| Net cash flow flom investing | activities | QQX2LD | |||
| Cash flow from flnancing | activities | ||||
| Interest received | 56 | 273 | |||
| Net cash flow &om fmancing | activities | ||||
| Net lacrease / (decrease) | in | cash and cash equivalents | 486,742 | 76,214 | |
| Cash and cash equivalents | at 1August 2019 | ~35 | 690 | 459476 | |
| Cash and cash equivalents | at30June 2020 | ||||
| Cash and cash equivalents | consists of: | ||||
| Cash at bank and in hand | 858,667 | 363,195 | |||
| Short term deposits | 4 | ||||
| Cash and cash equivalents | at30June 2020 |
| NET INCOME | ||||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| General | Funds | Funds | Funds | |||
| Fund | ||||||
| 2020 | 2020 | 2020 | 2019 | |||
| 8 | ||||||
| Net income is stated after charging: ~t examiner's remunemtiou |
675 | |||||
| Audit and other Accountancy | fees | 6,525 | 6,525 | 4,700 | ||
| INCOMING RESOURCES FROM GENERATED FUNDS | ||||||
| Unrestricted | Restricted | Total | Total | |||
| General | Fuads | Funds | Funds | |||
| Fund | ||||||
| 2020 | 2020 | 2020 | 2019 | |||
| Fund Raising, Donations & | Gift Aid Income | |||||
| Donations received | 15,986 | 456,338 | 472,324 | 151,461 | ||
| Gift aid received | 126,250 | 126.250 | 27,886 | |||
| 15,986 | 582,588 | 598,574 | 179,347 | |||
| Investment Income &Interest Received |
||||||
| Investment income |
15,648 | 40,475 | 56,123 | 60,921 | ||
| Interest received | 150 | 150 | 163 | |||
| 15,798 | 40,475 | 56,273 | 61,084 | |||
| 31,784 | 623,063 | 654,847 | 240,431 |
| TOTAL RESOURCE | S | EXPEN | DED | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Grant | Funds | Investment | Governance | 2020 | 2019 | ||||
| Disbursemeats | RalsingManagemeat | RAdmin | |||||||
| Costs | Costs | Costs | |||||||
| g | g | g | |||||||
| Grant Disbursements | |||||||||
| Pmvision ofindividual | hurssries | 137,404 | 137,404 | 39,240 | |||||
| Fend Raisiag Costs 80aAnniversary Dinner |
cxpcases | 117 | |||||||
| Investment Management Investment Management |
Costs Fees |
20,029 | 20,029 | 21,049 | |||||
| Governance tb Administration |
Costs | ||||||||
| Accountancy fees Audit fees |
4,725 1,800 |
4,725 1,800 |
4,700 | ||||||
| Bank charges Independent Examiner's Trustee's Insurance |
fee | 76 600 |
76 600 |
75 675 525 |
|||||
| Professional fees |
164 | 164 | |||||||
| 137,404 | 20,029 | 7,365 | 164,798 | 66,381 | |||||
| TANGIBLE FIXEDASSETS | |||||||||
| Website | |||||||||
| Costs | |||||||||
| Cost | |||||||||
| At 1 August 2019 | 10,700 | ||||||||
| Additions | |||||||||
| At30June 2020 | 10,700 | ||||||||
| Depreciation At 1August 2019 |
10,700 | ||||||||
| Charge for the year | |||||||||
| At 30June 2020 | 10,700 | ||||||||
| Net book value | |||||||||
| At 30June 2020 | |||||||||
| At 31July 2019 |
| INVESTMENTS | ||
|---|---|---|
| 2020 | 2019 | |
| 8 | ||
| Market value at 1August 2019 | 2,800,918 | 2,777,539 |
| Additions at cost | 773,338 | 609,857 |
| Disposals at market value Net gain / (loss) on revaluation |
(724,513) 107,372 |
(505,946) (16,492) |
| Net increase/(decrease) in cash deposits |
(8,730) | (64,040) |
| Market value at30June 2020 | 2,948,385 | 2,800,918 |
| Investments can be further analysed as follows: |
2020 8 |
2019 8 |
| Listed investments | 2,784,620 | 2,628,423 |
| Cash and settlements pending |
163,765 | 172,495 |
| 2,948,385 | 2„800,918 |
| DEBTORS | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |
| General | Fends | Funds | Funds | |
| Fund | ||||
| 2020 8 |
2020 | 2020f | 2019 | |
| Other debtors | 1,765 | 18,207 | 19,972 | 58,745 |
| 1,765 | 18,207 | 19,972 | 58,745 | |
| CREDITORS —AMOUNTS DUE WITHIN ONE YEAR | ||||
| Unrestricted | Restricted | Total | Total | |
| General | Funds | Funds | Funds | |
| Fund | ||||
| 2020 | 2020 | 2020 | 2019 | |
| 8 | 0 | |||
| Other creditors | 13,540 | 10,698 | 24,238 | 17,493 |
| 13,540 | 10,698 | 24438 | 17,493 |
| ANALYSIS OFNET AS | SE | TSBETWE | EN FUNDS | |||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||||||
| General | Funds | Funds | ||||||
| Fund | ||||||||
| 2020 | 2020 | 2020 | ||||||
| 8 | 8 | |||||||
| Investments | 118,890 | 2,829,495 | 2,948,385 | |||||
| Current assets | 779,862 | 98,777 | 878,639 | |||||
| ~tots | (13,540) | (10,698) | (24,238) | |||||
| 885,212 | 2,917,574 | 3,802,786 | ||||||
| MOVEMENT IN FUNDS | ||||||||
| Fund Name | At | I August | Incoming | Outgoing Resources | Gain on | At30 | June 2020 | |
| 2019 | Resources | mvestment | ||||||
| (as | restated) | |||||||
| Unrestricted Funds |
||||||||
| General Fund | 893,698 | 31,784 | (70,206) | 29,936 | 885212 | |||
| Restricted Funds | ||||||||
| Erika Olde Scholarship | ||||||||
| Fund | 701498 | 12479 | (28,255) | 23,492 | 708,814 | |||
| RJOM Fund | 460,769 | 23,865 | (19,933) | 15,435 | 480,136 | |||
| Guy Bennett | ||||||||
| Scholarship Fund |
732,535 | 12,958 | (21,677) | 24,790 | 748,606 | |||
| PMJ Fund | 112,278 | 2,806 | (702) | 3,761 | 118,143 | |||
| Tom Maynard Fund | 6,301 | 110 | (38) | 211 | 6,584 | |||
| Holmcroil Scholarship |
||||||||
| Fund | 88,484 | 1,549 | (553) | 2,964 | 92,444 | |||
| StAnne's Scholarship | ||||||||
| Fund | 32,028 | 9,085 | (154) | 821 | 41,780 | |||
| Galli&ey Scholarship | ||||||||
| Fund | 6,439 | 113 | (40) | 216 | 6,728 | |||
| Sir Gareth Edwards | ||||||||
| Rugby Scholarship | ||||||||
| Fund | 106,535 | 17,910 | (666) | 3,569 | 127,348 | |||
| The TNFund | 65,000 | 11,138 | (22,574) | 2,177 | 55,741 | |||
| The Sumner Fund | 531,250 | 531,250 | ||||||
| Total Restricted | ||||||||
| Funds | 2411,667 | 623,063 | (9~92) | 77,436 | 2tt17,574 | |||
| TOTAL FUNDS | 3,205P65 | 654,847 | @64,798) | 107472 | 3g02,786 | |||
| 15 |
| 2020 | 2019 | |||||
|---|---|---|---|---|---|---|
| 8 | ||||||
| INCOME | ||||||
| SirGareth Edwards Rugby Scholarship | Fund Donations | 12,095 | 16,450 | |||
| General Fund Donations | 15,986 | 33,551 | ||||
| RJOM Fund Donations | 9,747 | 33,710 | ||||
| StAnne's Fund Donations | 8,656 | |||||
| Sumner Fund Donations | 425,000 | |||||
| PMJ Fund Donations | 840 | |||||
| Guy Bennett Fund Donations | 7,750 | |||||
| TN Fund Donations | 60,000 | |||||
| 472,324 | 151,461 | |||||
| Gilt Aid Received | 126,250 | 27,886 | ||||
| 126,250 | 27,886 | |||||
| 598,574 | 179,347 | |||||
| EXPENSES | ||||||
| Grants Awarded | 137,404 | 39,240 | ||||
| Investment Management |
Expenses | 20,029 | 21,049 | |||
| 80aAnniversary Dinner |
Expenses | 117 | ||||
| Accountancy Fees |
4,725 | 4,700 | ||||
| Audit Fees | 1,800 | |||||
| Bank Charges | 76 | 75 | ||||
| Independent Examiner's |
Fee | 675 | ||||
| Trustees' Insurances |
600 | 525 | ||||
| Professional fees | 164 | |||||
| 164,798 | 66,381 | |||||
| OPERATING SURPLUS/(DEFICIT) | 433,776 | 112,966 | ||||
| INVESTMENT INCOME AND INTEREST | RECEIVABLE | |||||
| Bank Interest | 150 | 163 | ||||
| Investment Income |
56,123 | 60,921 | ||||
| 56,273 | 61,084 | |||||
| SURPLUS/(DEFICIT) FORTHE YEAR | 490,049 | 174,050 |