|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<br>part ofthe|||financial statements|8-11|





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||||t|he year ended|31July|<br>2020||
|---|---|---|---|---|---|---|---|
|||||||Total|Total|
||||||Notes|2020|2019|
|Incoming resources||||||||
|Incoming resources<br>from|generated|||funds||||
|Donations|||||14|100,652|45,904|
|Investment<br>Income||||||31,072|41,254|
|Realised<br>profit on disposal||of investments||||53,349|20,487|
|Total incoming<br>resources||||||185,073|107,645|
|Resources expended||||||||
|Investment<br>Management|Fees|||||10,024|1,222|
|Charitable<br>activities||||||||
|Grants and donations<br>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<br>in funds||||||~175,492|30,154|
|Fund balances<br>brought<br>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.|||||||





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|||||||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|





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|2|Investment<br>income|Investment<br>income||||2020|2019|
|---|---|---|---|---|---|---|---|
||Dividends<br>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<br>Bank charges<br>Lecture fees|||||95<br>111|117<br>80<br>140|
||Insurance|||||151|151|
||Wages<br>Accountancy<br>Subscriptions<br>Advertising<br>Sundry/Travel|||||54,303<br>2,945<br>62<br>200<br>4,666|49,644<br>2,483<br>241<br>100<br>2,035|
|||||||62,533|54,991|
|5|Fees payable|to the|independent|examiner for:||2020|2019f|
||Independent<br>Other|examination||||1,674<br>1,271|1,500<br>983|
|||||||2,945|2,483|
|6|Staff costs|||||2020|2019|
|||||||6||
||Wages &salaries<br>Social security|||||52,791<br>1,512|48,555<br>1,089|
|||||||54,303|49,644|





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|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|



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|Statement|offunds||||
|---|---|---|---|---|
||||Total||
||||unrestricted||
|||General reserve<br>f|funds<br>6|Total funds<br>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<br>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|



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