||Contents|| |---|---|---| |Report ofthe Trustees||1—7| |Report ofthe Governors||8-15| |Report ofthe Independent|Auditors|16 - 18| |Statement of FinancialActivities||19-20| |Balance Sheet||21-22| |Statement ofCash Flows||23| |Notes to the Financial Statements||24- SO| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Charity name|Charity name|||Coleg Llanymddyfri||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| |Company|registration||number|08133485||||||||| |Charity registration||number||1149946||||||||| |||||Linked charities:-||||||||| |||||1149946-1—Llandovery|College||(Thomas||Phillips|Foundation)||Trust| |||||1149946-3—Llandovery|College||Prize Ik Scholarship||||Fund|| |||||1149946-2—Coleg Llanymddyfri|||(Cymru)|||||| |Registered office||||The Bursary||||||||| |||||Llandovery
College||||||||| |||||Queensway||||||||| |||||Llandovery||||||||| |||||Carmarthenshire||||||||| |||||SA20 OEE.||||||||| |Directors/trustees||||Mr JTGravell||||||||| |||||Mr D R Rees-Evans||||||||| |||||Mrs R E Williams||||||||| |||||Mr D H Jones||||||||| |||||Mr G Stroud||||||||| |Company|Secretary|||Mr] TGravell||||||||| |Principal|bankers|||NatWest
Bank||||||||| |||||Llandovery
Branch||||||||| |||||59Rhosmaen
Street||||||||| |||||I.l an de ilo||||||||| |||||Dyfed||||||||| |||||SA196HB||||||||| |Auditors||||Azets Audit Services||||||||| |||||Chartered
Accountants|5|Statutory Auditors||||||| |||||Ty Drew||||||||| |||||Lime Tree Court||||||||| |||||Cardiff Gate Business Park||||||||| |||||Cardiff||||||||| |||||CF23 BAB||||||||| |Legal advisors||||Stone King||Morgan||LaRoche||||| |||||13Queen Square||Bay House||||||| |||||Bath||Tawe Business Village||||||| |||||BA1 2HJ||Swansea||Enterprise|||Park|| |||||||Swansea||||||| |||||||West Glamorgan||||||| |||||||SA7 9LA||||||| ## ## ## ## ## |College now h|as a more sustain| |---|---| |Year|Pupil to FT| ||teacher ratio| |2019-20|5.6:1| |2018-19|7.4:1| ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Financial|Results||| |---|---|---|---| |||2020|2019| |Academic|Roll|231|260| |Average|Net Fee Income|13,242|13,946| |Recurring|EBITDA'|-301,475|-354,966| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||Total|Total| |---|---|---|---|---|---|---| ||||Unrestricted|Restricted|funds|funds| |||Note|funds|funds|2020|2019| ||||E|E|E|E| |Income and endowments|from:|||||| |Donations
and legacies||3|59,563|169,777|229,340|1,150,552| |Charitable
activities||4|3,079,035||3,079,035|3,932,660| |Investments||5|218||218|(1,427)| |Trading company
income||12|133,179||133,179|280,617| |Totalincome and endowments|||3,271,995|169,777|3,441,772|5,362,402| |Expenditure
on:||||||| |Charitable
activities||6|3,766,793|169,777|3,936,570|4,951,025| |Total expenditure|||3,766,793|169,777|3,936,570|4,951,025| |Net income/(expenditure)||10|(494,798)||(494,798)|411,377| |Reconciliation of Funds||||||| |Total funds brought forward||22.23|5,737,718||5,737,718|5,326,341| |Totalfunds carried forward||24|5,242,920||5,242,920|5,737,718| ||||||Total|Total| |---|---|---|---|---|---|---| ||||Unrestricted|Restricted|funds|funds| |||Note|funds|funds|2020|2019| ||||E|f||f| |Income and endowments|from:|||||| |Donations
and legacies||||||1,066,338| |Charitable
activities|||12,000||12,000|12,000| |Total income and endowments|||12,000||12,000|1,078,338| |Expenditure
on:||||||| |Charitable
activities||6|112,000||112,000|495,279| |Total expenditure|||112,000||112,000|495,279| |Net movement
infunds|||(100,000)||(100p000)|583,059| |Reconciliation ofFunds||||||| |Total funds brought forward||22|962,430||962,430|379,371| |Total funds carried forward||24|862,430||862,430|962,430| ## ||||||Note|2020|2019| |---|---|---|---|---|---|---|---| |||||||E|f| |Net cash provided
by operating
activities|||||30|(602,407)|1,010,576| |Cash flows from investing
activities:|||||||| |Dividends,
interest and rents from investments||||||218|(1,427)| |Purchase of property
plant and equipment||||||(95,059)|(203,966)| |Net cash used in investing activities||||||(94,841)|(205,393)| |Cash flows from financing
activities:|||||||| |Repayments
ofborrowing||||||(9,042)|(305,280)| |Cash inflows from new borrowing||||||350p000|| |Net cash provided
by (used in) financing||activities||||340,958|(305,280)| |Change in cash and cash equivalents|in the||reporting|period||(356,290)|499,903| |Cash and cash equivalents
at the beginning|||ofthe reporting||||| |period||||||1,271,883|771,979| |Cash and cash equivalents
atthe end|ofthe||reporting|period|30|915p593|1,271,883| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Property|- not depreciated
and revalued|- not depreciated
and revalued|by|trustees|on an annual|basis| |---|---|---|---|---|---|---| |Property improvements|-2 96straight|line||||| |Sports facilities|-20%straight|line||||| |Motor vehicles|-20%straight|line||||| |Fixtures and fittings|-20%straight|line||||| |Works ofart|- not depreciated
and are reviewed|||annually|for impairment|| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---|---| ||||funds|funds|2020|2019| |Garou|||E|E||E| |Donations|and gifts||10,053||10,053|98,562| |Legacies||||||1,051,990| |Grant Income|||49,510|169,777|219,287|| ||||59,563|169,777|229,340|1,150,552| ||||Unrestricted|Restricted|Total|Total| ||||funds|funds|2020|2019| |Charity|||E|E|f|E| |Covenant|from Coleg Llanymddyfri|||||| |(Menter)|Limited|||||8,797| |Covenant|from Llandovery|College||||| |Nursery|School Limited|||||12,551| |Legacies||||||1,044,990| |||||||1,066,338| ## |||||||Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---|---|---|---|---| |||||||funds|funds|2020|2019| |~Grou||||||E|E|E|f| |Fees and other fees|||receivable|||3,058,950||3p058p950|3,626,076| |Registration||fees||||1,145||1,145|4,256| |Transport|recoveries||||||||74,442| |Catering recoveries,|||trips and other|||18,940||18,940|227,886| |||||||3,079,035||3,079,035|3,932,660| |||||||||Total|Total| |||||||||2020|2019| |Fees receivable consist||||of:|||||f| |Gross fees||||||||4,606,351|5,291,295| |Less:total||scholarships,||bursaries|and|remissions||(1,547,401)|(1,665,219)| |||||||||3,058,950|3,626,076| |Gross fees receivable|||may be analysed|||by the following:|||| |Boarders||||||||2,354,281|2,979,064| |Day pupils||||||||2,019,126|1,995,434| |Music and|drama tuition|||||||20,298|30,572| |Other fee income||||||||212,646|286,225| |||||||||4,606,351|5,291,295| |||||||Unrestricted|Restricted|Total|Total| |||||||funds|funds|2020|2019| |Charity||||||E|E|E|f| |Licences||||||12,000||12,000|12,000| |||||||12,000||'12,000|12,000| ## ## |INCOME FR|O|M INVESTMENT|S|S|||| |---|---|---|---|---|---|---|---| ||||Unrestfficted||Restfficted|Total|Total| |~Grou||||funds
f|funds|2020f|2019
f| |Bank interest||||218||218|(1,427)| |||||218||218|(1,427)| |EXPENDITURE ON CHARITABLE ACTIVITIES|||||||| |||||||Total|Total| |~Grou|||Staffcostsf|Other
f|Depreciation
f|2020
f|2019f| |Charitable|activities||||||| |School actlvltlesr|||||||| |Teaching|||1,673,979|119,432||1,793,411|2,084,677| |Welfare||||392,985||392,985|660,579| |Premises||||360,508||360,508|525,704| |Support||costs|683,738|389,040|77,873|1,150,651|1,401,500| |Trading companies||||208,497||208,497|265,825| |Governance||costs||30,518||30,518|12,740| ||||2,357,717|1,500p980|77,873|3,936,570|4,951,025| |Charity|||||||| |Charitable|activities||||||| |Donation|||112,000|||112,000|495,279| ||||112,000|||112,000|495,279| |||||||Total|Total| |Support costs for the group|||consist ofthe|following:||2020f|2019
f| |Wages||||||683,73$|719,386| |Telephone||||||20,037|14,498| |Marketing||||||13,624|25,243| |Licenses and||insurance||||90,562|104,269| |Printing
and||office||||72,0$4|90,917| |Travel and entertainment||||||3,622|3,142| |Professional||fees||||132,631|161,918| |Bad debts||||||50,391|135,342| |Finance charges||||||427|74,282| |Depreciation||||||77,873|75,417| |Sundries||||||5,662|(2,914)| |||||||1,150,651|1,401,500| ||||FOR THE YEAR ENDED|FOR THE YEAR ENDED|31AUGUST|2020||| |---|---|---|---|---|---|---|---|---| |7.|FEESFOR EXAMINATION||OF THE ACCOUNTS|||||| |||||||Total||Total| |||||||2020||2019| ||~Grou|||||||E| ||Auditors fees|||||21,990||12,652| |||||||21,990||12,652| |8.|STAFF COSTS AND EMOLUMENTS|||||||| |||||||Total||Total| |||||||2020||2019| ||||||||f|E| ||Total staff costs comprised:|||||||| ||Wages and salaries|||||1,923,159||2,082,266| ||Social security|costs||||164,745||182,916| ||Pension contributions|||||265,820||188,951| ||Redundancy
costs|||||3,413||24,020| |||||||2,357,137||2,478,153| ||The number of|employees|whose emoluments||forthe year|fell within the following|bands were:|| |||||||Total||Total| |||||||2020||2019| |||||||No||No| ||In the band f60,000-f69,999|||||||1| ||In the band E90,000 -f89,999|||||1||| ||The number of|higher paid employees||to whom|retirement|benefits were accruing|isas follows:|| |||||||Total||Total| |||||||2020||2019| |||||||No||No| ||In the band E60,000-669,999|||||||| ||In the band f90,000 -f99,999|||||||| ||The employer's|pension contributions||for higher paid employees were as follows:||||| |||||||Total||Total| |||||||2020||2019| |||||||E||f| ||In the band f60,000-f69,999|||||||10,094| ||In the band E90,000-699,999|||||18,996||| ## ## ## |The average monthly
number|ofstaff employed
during the ye|ar was as follows:|| |---|---|---|---| |||Total|Total| |||2020|2019| |||No|No| |Teaching staff||61|67| |Support staff||25|29| |||86|96| |NET INCOME/(EXPENDITURE)|FOR THE YEAR||| |||Total|Total| |Garou||2020|2019| |||E|E| |This isstated after charging:|||| |Staff pension contributions||246,824|188,951| |Depreciation||89,708|81,946| |Auditors
remuneration:|||| |Audit offinancial statements||21,990|12,652| ## |||Property|||Fixtures||| |---|---|---|---|---|---|---|---| ||Land and|improve-|Works|Plant and|and|Motor|| |~Grou|propertyf|ments
f|ofart
f|machinery
f|fittingsf|vehicles|Totalf| |Cost|||||||| |At 1September 2019|5,165,000|553,022|100,000|210,290|516,867|36,990|6,582,169| |Additions||47,9&2||6,623|40,454||95,059| |At 31August 2020|5,165,000|601,004|100,000|216,913|557,321|36,990|6,677,228| |Depreciation|||||||| |At 1September 2019||34,609||159,330|356,702|36,990|587,631| |Charge forthe year||19,363||14,420|56,019||89,802| |At 31August 2020||53,972||173,750|412,721|36,990|677,433| |Net book values|||||||| |At 31August 2020|5,165,000|547,032|100,000|43,163|144,600||5,999,795| |At 31August 2019|5,165,000|518,413|100,000|50,960|160,165||5,994,538| ## ## |summary ofthe results
is shown below:||| |---|---|---| ||2020|2019| ||f|E| |Summary
Profit and Loss Account:||| |Income||| |Results forthe year||| |Summary
Balance Sheet:||| |Total assets|50,00$|50,007| |Amounts
falling due within one year|(1)|(1)| |Total assets less liabilities|50,007|50,006| |Capital and reserves||| |Called up share capital|1|1| |Profit and loss reserves|50,006|50,005| |Total equity|50,007|50,006| ## ## |summary
ofthe results|are sho|wn|below:||| |---|---|---|---|---|---| |||||2020|2019| |||||E|E| |Summary
Income and|Expenditure||Account:||| |Income||||80,965|131,782| |Cost ofsales||||(5,033)|(6,018)| |Administrative
expenses||||(145,037)|(120,997)| |Operating
profit||||(69,105)|4,767| |Covenant to Coleg Llanymddyfri|||||(12,551)| |Other income||||49,510|3,155| |Results for the year||||(19,595)|(4,629)| |Statement ofchanges|in Equity||||| |Balance brought
forward||||(3,950)|679| |Profit and total comprehensive||income for the period||7,922|7,922| |Distributions
to parent|charity under||gift aid|(12,551)|(12,551)| |Balance carried forward||||(8,579)|(3,950)| |Summary
Balance Sheet:|||||| |Total assets||||73,408|94,055| |Amounts
falling due within one||year||(96,953)|(98,005)| |Net assets||||(23,545)|(3,950)| |Capital and reserves|||||| |Profit and loss reserves||||(23,545)|(3,950)| |Total equity||||(23,545)|(3,950)| ## ## ## |summary ofthe results
isshow|n below:||| |---|---|---|---| |||2020|2019| |||E|f| |Summary
Profit and Loss Account:|||| |Income||52,214|145,680| |Cost ofsales||(44,765)|(95,396)| |Administrative
expenses||(13,662)|(43,414)| |Operating
profit||(6,213)|6,870| |Covenant to Coleg Llanymddyfri|||(8,797)| |Result for the year||(6,213)|(1,927)| |Statement
ofchanges
in Equity|||| |Balance brought forward||(685)|1,242| |Profit and total comprehensive|income for the period|(6,2131|6,870| |Distributions
to parent charity under gift aid|||(8,797)| |Balance carried forward||(6,898)|(685)| |Summary
Balance Sheet:|||| |Total assets||65,254|107,542| |Amounts
falling due within one|year|(72,152)|(108,227)| |Total assets less current liabilities||(6,898)|(685)| |Capital and reserves|||| |Called up share capital||1|1| |Profit and loss reserves||(6,898)|(686)| |Total equity||(6,897)|(685)| ## ## |summary
ofthe results are shown|below:||| |---|---|---|---| |||2020|2019| |||E|f| |Summary
Income and Expenditure|Account:||| |Total income||3,420,191|4,167,573| |Total expenditure||(3,799,966)|(4,672,022)| |Net expenditure||(379,775)|(504,449)| |Summary
Balance Sheet:|||| |Total assets||1,885,521|1,214,961| |Total liabilities||(3,985,607)|(2,935,272)| |Net liabilities||(2,100,086)|(1,720,311)| |The funds ofthe charity:|||| |Unrestricted
funds carried forward||(2,100,086)|(1,720,311)| |Restricted fund carried forward|||| |Totalcharityfunds||(2,100,086)|(1,720,311)| ## ## ## |summary
of|the results are shown|below:||| |---|---|---|---|---| ||||2020|2019| ||||f|E| |Summary
Income and Expenditure||Account:||| |Total income|||160,000|909,000| |Total expenditure|||(149,217)|(669,695)| |Net income|||10,783|239,305| |Summary
Balance Sheet:||||| |Total assets|||6,507,097|6,496,312| |Total liabilities|||(150,000)|(150,000)| |Net assets|||6,357,097|6,346,312| |The funds of|the charity:|||| |Unrestricted|funds:|||| |Fixed assets|reserve||5,215,000|5,215,000| |Generalreserves|||1,142,095|1,131,312| |Total charity|funds||6,357,095|6,346,312| ## ## |summary
of|the results are shown|below:||| |---|---|---|---|---| ||||2020|2019| ||||E|E| |Summary
income and Expenditure||Account:||| |Total income||||900,077| |Total expenditure||||(800,077)| |Net expenditure||||100,000| |Summary
Balance Sheet||||| |Total assets|||103,905|103,905| |Net assets|||103,905|103,905| |The funds of|the charity:|||| |Unrestricted|funds carried forward||103,905|103,905| ## |13.|STOCKS||||| |---|---|---|---|---|---| |||||Total|Total| ||Group|||2020|2019| ||||||f| ||Goods for resale|||48,869|57,071| |14.|DEBTORS||||| |||Group|Charity|Group|Charity| |||Total|Total|Total|Total| |||2020|2020|2019|2019| |||E||E|E| ||Trade debtors|433,394||243,345|| ||Balances due from group||||| ||undertakings||841,860||441,860| ||Other debtors|54,144||31,088|| |||487,538|841,860|274,433|441,860| |15.|CASH AT BANK AND IN HAND||||| |||Group|Charity|Group|Charity| |||Total|Total|Total|Total| |||2020|2020|2019|2019| |||f|6|E|f| ||Cash at bank and in hand|915,593|20,575|1,271,883|520,574| |||915,593|20,575|1,271,883|520,574| ## ## ||||Group|Charity|Group|Charity| |---|---|---|---|---|---|---| ||||Total|Total|Total|Total| ||||2020|2020|2019|2019| ||||||f|| |Creditors|||121,136||243,537|| |Other creditors|||245,307||272,485|| |Socialsecurity|and other taxes||79,456||172,824|| |Accruals and deferred||income|1,375,520||1,051,837|| |Hire purchase|||8,231||24,894|| |Loans|||25,770||9,636|| |Balance due to|group|undertakings||||| ||||1,855,420||1,775,213|| ## ||Group|Charity|Group|Charity| |---|---|---|---|---| ||Total|Total|Total|Tota I| ||2020|2020|2019|2019| ||f|f|f|f| |Loans|347,215||22,484|| |Deferred income|||48,336|| |Hire purchase|10,147||18,079|| ||357,362||88,899|| ## ## ## |||||||Total|Total| |---|---|---|---|---|---|---|---| |||||||2020|2019| |||||||f|f| |Balance|atthe start ofthe reporting|||period||1,042,073|1,385,196| |Amounts|added|in the current|period|||3,038,116|3,282,952| |Amounts|released to income||from previous||periods|(2,778,693)|(3,626,075)| |Balance|atthe|end ofthe reporting||period||1,301,496|1,042,073| |||Advance|fees|Final term|deposits|Grant funding|| |---|---|---|---|---|---|---|---| |||2020|2019|2020|2019|2020|2019| |||f|f|f|f|f|f| |Within|1year|1,224,836|924,924|76,660|68,813||| |Within|2-5 years||48,336||||| |||1,224,836|973,260|76,660|68,813||| ## ## ## ||The amount|repayab|le
on the loan is as follows:||| |---|---|---|---|---|---| |||||Total|Total| |||||2020|2019| |||||f|f| ||Repayable|within 1year||25,770|9,636| ||Repayable|between|two and five years|347,215|22,484| |||||372,985|32,120| |20.|HIRE PURCHASE CONTRACTS||||| |||||Total|Total| |||||2020|2019| |||||f|f| ||Repayable|within 1year||8,231|24,894| ||Repayable|between|2 and 5years|10,147|18,079| |||||18p378|42,973| ## |||Land and|buildings|Other||Motor|vehicles| |---|---|---|---|---|---|---|---| |||2020|2019
f|2020f|2019
f|2020
f|2019
f| |Within|1year|60,000|60,000|35,657|32,537|5,602|5,602| |Within|2-5 years|||46,869|12,574|5,157|10,773| |||60p000|60,000|82,526|45,111|10,759|16,375| ## ## |||Balance at 1|||||Balance at| |---|---|---|---|---|---|---|---| |||September||||Gains/|31August| |~Grou||2019
f|Income
f.|Expendituref|(losses)
f||2020
f| |General|funds|5,737,718|3,271,995|(3,766,793)|||5,242,920| |||5,737,718|3,271,995|(3,7663BI+,485||-|5,$82892)283)| |Charity|||||||| |General|funds|962,430|12,000|(112,000)|||862,430| |||962,430|12,000|(112,000)|||862,430| |||Balance at 1|||||Balance at| |||September||||Gains/|31August| |~Grou||2018
f|Income
f|Expendituref|(losses)
f||2019
f| |General|funds|5,325,341|5,362,402|(4,950,025)|||5,737,718| |||5,325,341|5,362,402|(4,950,025)|||5,737,718| |Charity|||||||| |General|funds|379,371|1,078,338|(495,279)|||962,430| |||379,371|1,078,338|(495,279)|||962,430| |ESTRICTED F|UNDS||||| |---|---|---|---|---|---| |||Balance at|||Balance at| |||1September|||31August| |||2019|Income|Expenditure|2020| |Garou||f||E|E| |Job Retention|Support Grant||169,777|(169,777)|| ||||169,777|(169,777)|| ||||Balance at|||Balance at| |---|---|---|---|---|---|---| |||1|September|||31August| |Garou|||2018f|Income
E|Expenditure
E|2019
E| |War|Memorial||1,000||(1,000)|| ||||1,000||(1,000)|| |NALYSIS OF NET ASSETS BETWE|EN FUNDS|||| |---|---|---|---|---| |||Group||Charity| ||Unrestricted|Restffcted||Unrestricted| ||funds|funds|Total|funds| ||f|E|E|E| |Fixed assets|5,999,795||5,999,795|| |Fixed assets investments|3,907||3,907|2| |Net current (liabilities)/assets|(403,420)||(403,420)|862,428| |Long term liabilities|(357,362)||(357,362)|| |Total net assets|5,242,920||5,242,920|862,430| |||Group|||Charity| |---|---|---|---|---|---| ||Unrestricted|Restricted|||Unrestricted| ||funds|funds||Total|funds| ||E||E|E|E| |Fixed assets|5,994,538|||5,994,538|| |Fixed assets investments|3,905|||3,905|| |Net current (liabilities)/assets|(171,826)|||(171,826)|962,428| |Long term liabilities|(88,899)|||(88,899)|| |Total net assets|5,737,718|||5,737,718|962,430| ## ## ## ## ## ## ## ## ## ## ||||||||||Total|Total| |---|---|---|---|---|---|---|---|---|---|---| ||||||||||2020|2019| ||||||||||E|E| |Contracted|for|but|not|provided|in|the|financial|statements||| ## ## ## ## ## ||~Grou||||||||2020|2019| |---|---|---|---|---|---|---|---|---|---|---| ||||||||||E|f| ||Net income/(expenditure)
for the reporting|||||pedod|(as per the|||| ||Statement of Financial Activities)|||||||(494,798)||411,377| ||Adjustments for:|||||||||| ||Depreciation
charges||||||||89,802|81,946| ||Dividends,
interest|and rents from investments|||||||(218)|1,427| ||(Increase)/decrease||in stocks||||||8,202|23,617| ||(Increase)/decrease||in debtors|||||(213,105)||639,657| ||Increase/(decrease)||in creditors||||||7,710|(147,448)| ||Net cash provided|by/(used
in) operating|||activities|||(602,407)||1,010,576| ||Analysis ofCash and||Cash Equivalents|||||||| ||Cash in hand|||||||915p593||1,271,883| ||Total Cash and Cash||Equivalents|||||915,593||1,271,883| ||Anal sisof chan as|in net funds||||||||| ||||||||New||Other|Balance| ||||Opening||||finance|Interest|non-cash|carried| ||||balance
6|Cash-flows|||leasesf|changes
E|changes
E|forwardf| |Cash|||1,271,883|499,904||||||915,592| |l.oans|falling due within|||||||||| |one year|||(9,636)||10,431||25,770|795||(25,770)| |Bank|loans falling due|||||||||| |after|more than one year||(22,484)||||324,230|||(347,215)| |Finance lease obligations|||(42,973)||29,674|||5,079||(18,378)| |Total|||1,196,790|540,009|||350,000|5,874|-|524,229| ## ## ## |||||Total| |---|---|---|---|---| |||Unrestricted|Restricted|funds| |||funds|funds|2019| |Garou||E|E|E| |Income and endowments|from:|||| |Donations
and legacies||1,150,552||1,150,552| |Charitable
activities||3,932,660||3,932,660| |Investments||(1,427)||(1,427)| |Trading company
income||280,617||280,617| |Total income and endowments||5,362,402||5,362,402| |Expenditure
on:||||| |Charitable
activities||4,950,025|1,000|4,951,025| |Total expenditure||4,950,025|1,000|4,951,025| |Other recognised gains/losses:||||| |Net gains/(losses)
on revaluation||||| |Net income/(expenditure)||41.2,377|(1,000)|411,377| |Reconciliation ofFunds||||| |Total funds brought forward||5,325,341|1,000|5,326,341| |Totalfunds carried forward||5,737,718||5,737,718| |Charity||||| |Income and endowments|from:|||| |Donations
and legacies||1,066,338||1,066,338| |Charitable
activities||12,000||12,000| |Total income and endowments||1,078,338||1,078,338| |Expenditure
on:||||| |Charitable
activities||495,279||495,279| |Total expenditure||495,279||495,279| |Net movement infunds||583,059||583,059| |Reconciliation
of Funds||||| |Total funds brought
forward||379,371||379,371| |Totalfunds carried forward||962,430||962,430|