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2020-12-31-accounts

CONTEN'TS
Legal and administrative information
Statement from the Chairman
Report ofthe trustees
Independent examiner's report
Statement of financial activities
Balance sheet
Statement of cash flows
Notes to the financial statements

2020 2019
Notes Unrestricted Restricted Total Unrestricted Restricted Total
E E E E E f
Income from:
Donations
and legacies		 3 498,046 153,641 651,687 558,872 82,276 641,148
Other trading activities
Fundraising
events		 4 3,620 3,620 8,215 8,215
Investment
income		 5 626 626 640 640
Total income 502,292 153,641 655,933 567,727 82,276 650,003
Expenditure on:
Raising funds 171,337 171,337 206,610 206,610
Charitable
activities
Grant Making 179,412 45,290 224,702 305,328 72,850 378,178
Schools Outreach 56,284 60,814 117,098 62,002 31,873 93,875
Total charitable
activities		 235,696 106,104 341,800 367,330 104,723 472,053
Total expenditure 6 407,033 106,104 513,137 573,940 104,723 678,663
Net income / (expenditure) forthe
year and net movement in funds 7 95,259 47,537 142,796 (6,213) (22,447) (28,660)
Reconciliation
offunds:
Total funds brought forward 197,102 29,846 226,948 203,315 52,293 255,608
7 I If
d
«I df		 d 17 292361 77383 369744 197102 29846 226 948

Forthe year en ded 31Decem ber 2020
2020 2019
Notes
Current Assets
Debtors 105,112 79,424
Cash at bank 301,733 226,236
406,845 305,660
Current Liabilities
Creditors 12 15,597 23,260
Grants payable in one year 14 21,504 55,452
37,101 78,712
Net Current Assets 369,744 226,948
Total Net Assets 369,744 226,948
Funds
iJnrestrlcted funds
Genera
Ifunds		 292,361 197,102
292,361 197,102
Restricted funds 77,383 29,846
Total funds 369,744 226,948

Note 2020 2020 2019 2019
E E E E
Net cash protdded
by/ (used in) operating
activities 16 74,871 (82,797)
Cash flows from investing activities:
Interest from investments 626
Cash provided by/ (used in) investing activities 626
Change
in cash and cash equivalents
in the year		 76,497 (82,157)
Cash at bank and in hand at the beginning ofthe year 226,236 308,393
Cash at bank and in hand atthe end ofthe year 301,733 226,236

2020 2019
Total Total
f E
Income
Donations and legacies 651,687 641,148
Other trading activities
Fundraising events 3,620 8,215
Investment income 626 640
Total income 655,933 650,003
Expenditure
Expenditure excluding grants awarded 379,607 429,418
Surplus / (deficit) before grants awarded 276,326 220,585
less:
New grants awarded 147,836 257,550
Adjustments to grants awarded in prior years (14,306) (8,305)
Surplus / (deficit) forthe year 142,796 (28,660)

2020 2019
Unrestricted Restricted Total Total
Individual
donations
and		 legacies 429,452 11,891 441,343 456,361
Trust and Foundations 59,594 141,750 201,344 184,787
Corporate Sponsorship 9,000 9,000
498,046 153,641 651,687 641,148
Donations from Trusts & Foundations
Anonymous 2,500
Basil Samuel Charitable
Trust		 5,000 5,000 5,000
Drapers'
Charitable
Fund		 5,000
Esmee Fairbairn
Foundation		 8,000 8,000
Foyle Foundation 20,000 20,000
Goldman
Sachs Giving UK		 5,000 5,000 5,000
Hugh Fraser Foundation 5,000 5,000
John Coates Charitable
Trust		 3,000 3,000
National
Lottery Heritage		 Fund (BigGive) 25,294 25,294
The A.G.Leventis Foundation 50,000 50,000 30,000
The CPFTrust 2,000 2,000
The Garfield Weston Foundation 25,000
The Gatsby Charitable
Foundation		 7,500 7,500 5,000
The Headley Trust 2,000 2,000
The Hobson Foundation 47,162
The Mrs FBLaurence Charitable Trust 1,000 1,000
The Polonsky Foundation 33,000 33,000 7,000
The Rank Foundation 21,000 21,000
The Reed Charity (BigGive) 11,250
The Rushworth
Foundation		 12,750 12,750 11,000
The Staples Trust 10,000
Waterloo Foundation 10,625
Wates Foundation 10,000
Donations
under f1,000each		 800 800 250
Total Trusts &Foundations 59,594 141,750 201,344 184,787
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2020 2019
Unrestricted Restricted Total Total
Brymore Academy 3,500
Cambridge Classics Network 6,000 6,000 6,000
The Classical Association ofScotland Schools'
Network (CASN) 10,000 5,000 15,000 18,000
Harrow Summer School CPD Annual 4,799
fewish Community
Secondary School		 5,000
Lionheart Academies Trust 5,000
Liverpool College 12,723 12,723 14,500
Liverpool College- Greek Academy 3,240 3,240
Oxfordshire,
Berkshire and Buckinghamshire
Network 5,000 5,000 5,000
Patcham High School 5,871
University of Birmingham 3,000 3,000 31,600
University ofBristol 9,922 9,922 12,046
University of Durham 8,000
University of Leeds 7,200 7,200 7,340
University ofLeicester 16,100 16,100 10,800
University of Liverpool -Greek Academy 8,651 8,651 8,651
University ofManchester 4,928 4,928 8,240
University ofWarwick 8,000 8,000
Wales Network 16,702
10awards off1,000tof3,000(2019:30) 11,100 5,201 16,301 43,480
53Awards ofunder f1,000(2019:84) 20,593 1,140 21,733 27,785
63Awards ofTraining (2019:33) 3,335 13,475 16,810 15,236
Adjustment to grants current year (6,772) (6,772)
98,406 49,430 147,836 257,550
Adjustment togrants prior years (10,166) (4,140) (14,306) (8,305)
Net grants awarded 88,240 45,290 133,530 249,245

7 Net income/( expenditure )
for the ye		 ar
2020 2019
This isstated after charging: E
Independent examiner's remuneration (excluding VAT) 1,167 1,092
8 Staffcosts and the cost ofkey management personnel
2020 2019
E
Salaries and wages 220,696 190,602
Social security costs &pension 23,733 23,341
244,429 213,943

Creditors
2020 2019
f 6
Trade creditors 1,822 9,910
Tax and Social Security costs 2,375 2,110
Accruals 1,400 1,240
Deferred income 10,000 10,000
Grants payable 21,504 55,452
37,101 78,712

2020 2019
6 f
Tenth Anniversary 10,000 10,000
10,000 10,000
2020 2019
f
Balance at the beginning ofthe year 10,000 10,000
Amount released to income in the year
Balance at the end ofthe year 10,000 10,000
Grants payable
2020 2019
6
Brought forward 55352 55,634
Awarded in year (Round 10) 133,530 249,245
Paid in year (Round 9and previous rounds) (167,478) (249,427)
21,504 55,452

15 Analysis ofnet assets between funds Analysis ofnet assets between funds
a) Current year Unrestricted Restricted Total
funds funds funds
f f
Net current assets 292,361 77,383 369,744
Net assets at31December 2020 292,361 77,383 369,744
b) Prior year Unrestricted Restricted Total
funds funds funds
f f 6
Net current assets 197,102 29,846 226,948
Net assets at31December 2019 197,102 29,846 226,948
16 Reconciliation ofnet income I(expenditure) to net cash flow from operating activities
2020 2019
6
Net income I(expenditure) for the reporting period 142,796 (28,660)
(aa per the statement of financial activities)
Interest, rent and dividends from investments (626) (640)
(increase) / decrease in debtors (25,688) (30,709)
(Decrease) / increase in creditors (41,611) (22,788)
Net cash provided
by I(used in) operating		 activities 74,871 (82,797)

a) Current year At start of incoming Outgoing At end of
year
f		 resources
f		 resources Transfers
f		 year
f
Restricted funds
Foyle Foundation 20,000 20,000
Hugh Fraser Foundation 5,000 5,000
Individual
Donation		 11,891 11,891
Rushworth
Charitable		 Trust 12,750 12,750
The A.G.Leventis Foundation 18,979 18,979
The A.G.Leventis Foundation 2020 50,000 35,418 14,582
The Polonsky Foundation 3,000 3,000
The Polonsky Foundation 2020 30,000 833 29,167
The Rank Foundation 21,000 7,366 13,634
Waterloo Foundation 2019 1,700 1,700
Wates Foundation 9,167 9,167
29,846 153,641 106,104 77,383
Unrestricted
funds
General funds 197,102 502,292 407,033 292,361
Total Unrestricted Funds 197,102 502,292 407,033 292,361
Totalfunds 226,948 655,933 513,137 369,744
b) Prior year At start of Incoming Outgoing At end of
year
f		 resources
f		 resources
f		 Transfers year
6
Restricted funds
Fountainhall
Trust		 5,000 5,000
Individual
Donation		 8,651 8,651
The A.G. Leventis Foundation 5,582 30,000 16,603 18,979
The BigGive Christmas Challenge 30,769 30,769
The Polonsky Foundation 8,163 7,000 15,163
The Rushworth
Foundation		 11,000 11,000
Waterloo
Foundation		 7,779 10,625 16,704 1,700
Wates Foundation 10,000 833 9,167
52,293 82,276 104,723 29,846
Unrestricted
funds
General funds 203,315 567,727 573,940 197,102
Total Unrestricted Funds 203,315 567,727 573,940 197,102
Totalfunds 255,608 650,003 678,663 226,94e