2020-07-31-accounts

Contents				Page
Legal and	administrative		information
Report of	the Trustees			2-4
Report of	the Independent		Examiners
Statement	of Financial	Activities
Balance Sheet
Notes forming part ofthe			financial statements	8-11

			t	he year ended	31July	2020
						Total	Total
					Notes	2020	2019
Incoming resources
Incoming resources from	generated			funds
Donations					14	100,652	45,904
Investment Income						31,072	41,254
Realised profit on disposal		of investments				53,349	20,487
Total incoming resources						185,073	107,645
Resources expended
Investment Management	Fees					10,024	1,222
Charitable activities
Grants and donations made						45,449	28,874
Other costs						62,533	54,991
Total resources expended						118,006	85,087
(Loss) IGain on revaluation		of investments				~242,559	7,596
Net resources expended		including		(Loss) /		(360,565)	(77,491)
Gain on investments
Net movement in funds						~175,492	30,154
Fund balances brought forward			at 1	August 2019		1,793,642	1,763,488
Fund balances carried forward			at 31	July 2020		1,618,150	1,793,642
All funds are unrestricted	funds.

						2020			2019
				Notes						E
Fixed assets
Tangible fixed	assets						141,846			141,942
Investments				10			1,399,757			1,596,515
							1,541,603			1,738,457
Current assets
Cash at bank	and	in hand			7,464			23,626
Other debtors					71,059			33,649
					78,523			57,275
Creditors				11	1,976			2,090
Net current assets							76,547			55,185
Total assets	less	current	liabilities				1,618,150			1,793,642
Funds:
Unrestricted	funds
General funds							1,618,150			1,793,642
Total funds				13			1,618,150			1,793,642

2	Investment income	Investment income				2020	2019
	Dividends receivable		from investments		and unit trusts	31,072	41,254
						31,072	41,254
3	Grants made					2020	2019
	CEPT Scholarship					45,449	28,874
						45,449	28,874
4	Other resources expended					2020	2019
	Depreciation Bank charges Lecture fees					95 111	117 80 140
	Insurance					151	151
	Wages Accountancy Subscriptions Advertising Sundry/Travel					54,303 2,945 62 200 4,666	49,644 2,483 241 100 2,035
						62,533	54,991
5	Fees payable	to the	independent	examiner for:		2020	2019f
	Independent Other	examination				1,674 1,271	1,500 983
						2,945	2,483
6	Staff costs					2020	2019
						6
	Wages &salaries Social security					52,791 1,512	48,555 1,089
						54,303	49,644

Tangible fixed	assets	Exhibition
		and display	Heritage
		equipment	assets	Total
			6	6
Cost
	At 1 August 2019	2,448	141,471	143,919
	Additions
	At 31 July 2020	2,448	141,471	143,919
Depreciation
	At 1 August 2019	1,977		1,977
	Charge for year	96		96
	At 31 July 2020	2,073		2,073
Net Book Value
	At 31 July 2020	375	141,471	141,846
	At 31 July 2019	471	141,471	141,942

Statement	offunds
			Total
			unrestricted
		General reserve f	funds 6	Total funds f
At 1 August	2019	1,793,642	1,793,642	1,793,642
Income		185,073	185,073	185,073
Expenditure		(118,006)	(118,006)	(118,006)
		1,860,709	1,860,709	1,860,709
Revaluation	of investments	(242,559)	(242,559)	(242,559)
At 31 July	2020	1,618,150	1,618,150	1,618,150

Analysis ofnet assets between funds
		Unrestricted
		funds	Total
		6	6
Fund balances at 31July 2020 are represented Fixed assets and Investments	by:	1,541,603	1,541,603
Net current assets		76,547	76,547
Total net assets		1,618,150	1,618,150