## ## |ENTS|||PAGE No.| |---|---|---|---| |Officers and advisers|||| |Directors'
report|||2-4| |Independent
Auditor's|report||5-6| |Statement oftinancial|activities||| |Balance sheet|||| |Statement ofCash Flows|||| |Notes to the accounts|||10-17| |For information
ofthe Directors||only:|| |Detailed income and|expenditure|account|18-19| ## ## |DIRECTORS AND TRUSTKKSt|DA Goodhew||| |---|---|---|---| ||BAlizadeh||| ||WJBushell||| ||Mrs JEDerbyshire|(resigned 30|September 2021)| ||TP Grifftths||| ||P M Johnson||| ||DBA Pinto||| ||M AL Simon||| |REGISTERED OFFICE:|34High Street||| ||Westbury
on Trym||| ||Bristol||| ||BS93DZ||| |REGISTERED NUMBERS:|Company|06370560|| ||Charity|1121630|| |AUDITORS:|William Price &Co.|Ltd|| ||Westbury
Court||| ||Church Road||| ||Westbury-on-Trym||| ||BS93EF||| |BANKERS:|HSBC||| ||41 Southgate Street||| ||Bath||| ||BA1 1TN||| |SOLICITORS:|Farrells||| ||16Portland
Square||| ||Bristol||| ||BS28SJ||| |INVKSTMKNT MANAGKRSt|Waverton
Investment|Management|Ltd| ||16Babmaes Street||| ||London||| ||SW1Y6AH||| ||Rathbone
Investment|Management|Limited| ||Port ofLiverpool Building||| ||Pier Head||| ||Liverpool||| ||L3 INW||| ## ## ## ## ||iName ofFund|||Current|Beneficiaries Tar eted|Beneficiaries Tar eted|Beneficiaries Tar eted||| |---|---|---|---|---|---|---|---|---|---| |||||Value|||||| ||The Erika Olde Scholarshi||Fund|804,667|Talented d slexic
u ils||||| |2.|The RJOM Fund|||536883|Children ofOld Millfieldians||||| ||The Gu
Bennett Scholarshi||Fund|954 165|Pu ils dis
la in r exce tional|talent in the|Arts||| ||||||All Round scholarships
for 6w Form academically|||able pupils with|| |4.|The PMJ Fund|||152382|othertalents
—leadershi
ualities, music||drama|artd'ca|ort| ||The Tom Ma nard Fund|||7574|Pu ilsdis
la in
exce tionaltalentin
thea||crt ofcricket||| |6.|The Holmcrott
Scholarshi||Fund|139,931|Pu ils boardin
~ in Holmcroft|House at MiRfield|||| ||The St Anne's Scholarshi||Fund|48,065|Pu
ils boardin
in St Anne's|House at Millfield|||| |8.|The Gallifre
Scholarshi|Fund||7 740|Talented 6a Form
u ils||||| ||The Sir Gareth Edwards|Rugby|||||||| ||Scholarshi
Fund|||147,854|Annual
scholarshi
for ru b|lavin
u|ils||| |10.|The TNFund|||38,348|S ecific bursa
su
ort for|academicall|iited|u il|| |11.|The Sumner Fund|||634,662|Gitted female
u ils||||| |12.|Discover Brilliance Fund|||69555|Bursar
su
ort for students|with limited|tinancial|means|| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||Note|Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---|---| ||||Funds|Funds|Funds|Funds| ||||2021|2021|2021|2020| |INCOMING RESOURCES||||||| |Incoming resources &om generated|funds||136,413|323,065|459,478|654,847| |RESOURCES EXPENDED||||||| |Grant Disbursement|||(49,147)|(87,807)|(136,954)|(137,404)| |Fund Raising, Investment
Management,
k Administration
Costs||Governance|(17,738)|(27,192)|(44,930)|(27,394)| |TOTAL RESOURCES EXPENDED|||(66,885)|(114,999)|(181,884)|(164,798)| |NET INCOME/(EXPENDITURE)|FOR THE YEAR||69,528|208,066|277,594|490,049| |Gain/(Loss)
on investtnent
assets|||127,437|416,186|543,623|107,372| |NKT MOVKMKNT IN FIJNDS|||196,965|624,252|821,217|597,421| |Reconciliation
offunds||||||| |Total funds brought forward at I July|2020||885,212|2,917,574|3,802,786|3,802,786| |TOTAL FUNDS CARRIED FORWARD AT31AUGUST 2021|||1,082,177|3,541,826|4,624,003|3,802,786| ## ## ||Note|Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---| |||Funds|Funds|Funds|Funds| |||2021|2021|2021|2020| |FIXEDASSETS|||||| |Tangible Assets|||||| |Investments||987,972|3,457,282|4,445,254|2,948,385| |||987,972|3,457,282|4,445,254|2,948,385| |CURRENT ASSETS|||||| |Debtors||18,350|77,827|96,177|19,972| |Cash at bank and in hand||91,387|6,717|98,104|858,667| |||109,737|84,544|194,281|878,639| |CREDITORS|||||| |Amounts
falling due within one year||(15,532)||(15,532)|(24,238)| |NET CURRENT ASSETS||94,205|84,544|178,749|854,401| |NET ASSETS|10|1,082,177|3,541,826|4,624,003|3,802,786| |THE FUiNDS OFTHE CHARITY|||||| |Restricted income funds|||3,541,826|3,541,826|2,917,574| |Unrestricted
income funds||1,082,177|-|1,082,177|885,212| |TOTAL CHARITY FUNDS||1,082,177|3,541,826|4,624,003|3,802,786| ## ||2021f|2020| |---|---|---| |Cash flow from operating
activities||| |Net income for period|821,217|597,421| |Adjustment
to cash flows from non-cash items:||| |Finance income|(80,774)|(56,273)| |Loss on foreign exchange differences|2,494|| |Net (gain) / loss on revaluation|~543 623|~107372| ||199,314|433,776| |Working
Capital adjustments:||| |(increase) / Decrease in debtors
Increase in creditors
Net cash flow from operating
activities|(76,205)
~8706|38,773
ti.745
~4| |Cash flow from investing
activities||| |Payments
to acquire investments
Receipts from sales ofinvestments
Net cash flow from investing
activities|(1,311,236)
~92
77
~9|(773,338)
724 513
~48 825| |Cash flow from financing
activities||| |Interest received
Net cash flow from financing
activities|80774
~4|56273| |Net increase / (decrease) in cash and cash equivalents|(623,482)|486,742| |Cash and cash equivalents
at 1 July 2020|1.022432|535690| |Cash and cash equivalents
at31August 2021|~38
5|I 92224 2| |Cash and cash equivalents
consists of:||| |Cash at bank and in hand|98,104|858,667| |Short term deposits|300846|163765| |Cash aad cash equivalents
at 31August 2021|~8950|~1022432| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |3.|NET INCOME|||Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---|---|---| |||||General|Funds|Funds|Funds| |||||Fund|||| |||||2021|2021|2021|2020| |||||||8|| ||Net income is stated after charging;
Audit and other Accountancy
fees|||9,000||9,000|6,525| |4.|INCOMING RESOURCES FROM GENERATED FUNDS|||Unrestrtcted|Restricted|Total|Total| |||||General|Funds|Funds|Funds| |||||Fund|||| |||||2021|2021|2021|2020| ||||||g||| ||Fund Raisiag, Donations &
Donations received||Gift Aid Income|115,653|251,775|367,428|472,324| ||Gilt aid received|||1,891|9,373|11,264|126,250| |||||117,544|261,148|378,692|598,574| ||Investment|Income &Interest Received|||||| ||Investment|income||18,857|61,917|80,774|56,123| ||Interest received|||12||12|150| |||||18,871|61,917|80,786|56,273| |||||136,413|323,065|459,478|654,847| ## ## |||||Grant|Funds|Investment|Governance|2021|2020| |---|---|---|---|---|---|---|---|---|---| |||||Disbursements|RaisingManagement||dk Admin||| ||||||Costs|Costs|Costs||| |Grant Disbursements|||||||||| |Provision ofindividual|hursaries|||136,954||||136,954|137,404| |Investment
Management||Costs|||||||| |investment
Management
Loss on foreign exchange||Fees
differences||||32,962
2,494||32,962
2,494|20,029| |Governance
dt Administratioa|||Costs||||||| |Accountancy
fees
Audit fees
Bank charges
Trustee's Insurance|||||||6,000
3,000
109|6,000
3,000
109|4,725
1,800
76
600| |Professional
fees|||||||365|365|164| |||||136,954||35,456|9,474|181.884|164.798| |TANGIBLE FIXEDASSETS|||||||||| |||||||||9yebsite|| |||||||||Costs|| |Cost|||||||||| |At 1 July 2020||||||||10,700|| |Additions|||||||||| |At 31August 2021||||||||10,700|| |Depreciation|||||||||| |At 1 July 2020
Charge for the year||||||||10,700|| |At 31August 2021||||||||10,700|| |Net book value|||||||||| |At 31August 2021|||||||||| |At 1 July 2020|||||||||| ## ## ## ## |INVKSTMKNTS|||| |---|---|---|---| |||2021|2020| |Market value at 1 July 2020
Additions
at cost||2,948,385
1,311,236|2,800,918
773,338| |Disposals at market value
Net gain / (loss) on revaluation
Losses on foreign exchange differences
Net increase/(decrease)
in cash deposits||(492,577)
543,623
(2,494)
137,081|(724,513)
107,372
(8,730)| |Market value at 31August 2021||4,445,254|2,948,385| |Investments
can be further analysed|as follows:|2021|2020| |||8|| |Listed investments||4,144,408|2,784,620| |Cash and settlements
pending||300,846|163,765| |||4,445,254|2,948,385| ## |DEBTORS||||| |---|---|---|---|---| ||Unrestricted|Restricted|Total|Total| ||General|Funds|Funds|Fuads| ||Fund|||| ||2021|2021|2021|2020| |||||8| |Other debtors|18,350|77,827|96,177|19,972| ||18,350|77,827|96,177|19,972| ## |CREDITORS —AMOUNTS DUE WITHIN ONE YEAR||||| |---|---|---|---|---| ||Uarestricted|Restricted|Total|Total| ||General|Funds|Funds|Funds| ||Fund|||| ||2021|2021|2021|2020| ||8||8|8| |Other creditors|15,532||15,532|24,238| ||15,532||15,532|24,238| ## ## ||.
ANALYSIS O|FNET AS|SETSBETWEEN|FUNDS|||||| |---|---|---|---|---|---|---|---|---|---| |||||||Unrestricted||Restricted|Total| ||||||||General|Funds|Funds| ||||||||Fund||| ||||||||2021|2021|2021| ||||||||8||| ||Investments||||||987,972|3,457,282|4,445,254| ||Current assets||||||109,737|84,544|194,281| ||Creditors||||||(15,532)||(15,532)| ||||||||1&064,466|3,534,537|4,599,003| ||MOVEMENT|IN FUNDS|||||||| ||Fund Name||At I July 2020|Incoming|Outgoing|Resources|Gain on|At 31August 2021|| |||||Resources|||investment||| ||Unrestricted
Funds||||||||| ||General Fund||885,212|136,413||(66,885)|127,437||1,082,177| ||Restricted Funds||||||||| ||Erika Olde Scholarship||||||||| ||Fund||708,814|14,586||(16,282)|97,549||804,667| ||RJOM Fund||480,136|13,793||(22,423)|65,377||536,883| ||Guy Bennett Scholarship||||||||| ||Fund||748,606|117,534||(25,497)|113,522||954,165| ||PMJ Fund||118,143|17,822||(1,135)|17,551||152,382| ||Tom Maynard
Fund||6,584|136||(60)|914||7,574| ||Holmcroft
Scholarship||||||||| ||Fund||92,444|32,352||(1,034)|16,168||139,931| ||StAnne's
Scholarship||||||||| ||Fund||41,780|||(380)|5,800||48,065| ||Gallifrey
Scholarship||||||||| ||Fund||6,728|139||(61)|934||7,740| ||Sir Gareth Edwards||||||||| ||Rugby Scholarship|Fund|127,348|13,014||(10,226)|17,718||147,854| ||The TN Fund||55,741|909||(23,956)|5,654||38,348| ||The Surnner Fund||531,250|42,358||(13,944)|74,998||634,662| ||Discover Brilliance Fund
Total Restricted Funds||2,917,574|69,555
323,065||(114,999)|416,186|69,555
3,541,826|| ||TOTAL FUNDS||3&802,786|459,478||(181&884)|543,623|4,624,003|| ## ## ## |Name ofthe Fund|Name ofthe Fund||Fund value asof31|Fund value as|of31|Effectofchange in|Effectofchange in| |---|---|---|---|---|---|---|---| ||||August 2021 using|August 2021 using||accounting|policy| ||||quarterly
average fund|brought forward|fund||| ||||balance allocation method|balance allocation|method||| |The Erika Olde Scholarshi||Fund|804,667|808 711||(4044|| |The RJOM Fund|||536 883|540367||(3484|| |The Guy Bennett Scholarship
Fund|||954,165|947,167||6,998|| |The PMJ Fund|||152382|151,680||702|| |The Tom Mavnard
Fund|||7574|7603||(29)|| |The Ho(mero(t Scholarshi||Fund|139931|136761||3 170|| |The StAnne's Scholarshi||Fund|48,065|48250||(185|| |The Gallifre
Scholarshi||Fund|7740|7769||29|| |The Sir Gareth Edwards
Scholarshi
Fund|Rugby||147,854|148,372||(518)|| |The TN Fund|||38348|40 813||2465|| |The Sumner Fund|||634,662|635,714||1052)|| |Discover Brilliance Fund|||69555|69555|||| |General Fund|||1,082,177|I 081 241||936|| ## ## ## ## ||||||2021||2020| |---|---|---|---|---|---|---|---| ||||||8||| |INCOME|||||||| |Sir Gareth Edwards Rugby Scholarship|||Fund Donations||9,690||12,095| |General Fund Donations|||||115,653||15,986| |RJOM Fund Donations|||||3,367||9,747| |StAnne's Fund Donations|||||||8,656| |Sumner Fund Donations|||||25,000||425,000| |PMJ Fund Donations|||||13,417||840| |Guy Bennett Fund Donations|||||100,746||| |Discover Brilliance Fund||Donations|||69,555||| |Holmcroit
Scholarship|Fund Donations||||30,000||| ||||||367,428||472,324| |Gift Aid Received||||11,264||126,250|| ||||||11,264||126,250| ||||||378,692||598,574| |EXPENSES|||||||| |Grants Awarded||||(136,954)||(137,404)|| |Investment
Management||Expenses||(32,962)||(20,029)|| |Accountancy
Fees||||(6,000)||(4,725)|| |Audit Fees||||(3,000)||(1,800)|| |Bank Charges||||(109)||(76)|| |Trustees'
Insurances||||||(600)|| |Professional
fees||||(365)||(164)|| ||||||(179,390)||(164,798)| |OPERATING SURPLUS/(DEFICIT)|||||199,302||433,776| |INVESTMENT INCOME AND INTEREST|||RECEIVABLE||||| |Bank Interest||||12||150|| |Loss on foreign exchange||differences||(2,494)|||| |Investment
Income||||80,774||56,123|| ||||||78,292||56,273| |SURPLUS/(DEFICIT) FOR THE YEAR|||||277,594||490,049|