2021-03-31-accounts

Trustees		A M Baker, Chair1	A M Baker, Chair1
		Rev BBatstone2
		SGoldberg (resigned		31 October 2022)
		E C Griffith
		TJ Hammett1
		Archdeacon J E	I Hawkins
		J Manyan
		P C Roberts MBE (appointed			1 September 2022)2
		I R M Woolf1,3
		" Members ofthe Investment			Committee
		~ Ex Officio Trustees ' Ex Officio Trustee to 31/08/2022,				appointed	as co-opted Trustee on 03/10/2022
Charity registered
number		1160318
Principal office		St Mary's C of E	Primary School
		Rectory Gardens
		London
		N8 7PJ
Independent	auditors	BKLAudit LLP
		Chartered Accountants
		Statutory Auditor
		35 Ballards Lane
		London
		N3 1XW
Bankers		National Westminster		Bank Plc
		The Broadway
		1 Crouch End Hill
		London
		N8 8DL
Investment	managers	Barclays
		1 Churchill Place
		Canary Wharf
		London
		E145HP

				Unrestricted	Total	Total
				funds	funds	funds
				2021	2021	2020
			Note	f.	f.
Income from:
Investments				310,129	310,129	398,934
Total income				310,129	310,129	398,934
Expenditure on:
Raising funds				124,889	124,889	118,302
Charitable activities				791,426	791,426	612,086
Total expenditure				916,315	916,315	730,388
Net movement	in funds before other recognised
gains				(606,186)	(606,186)	(331,454)
Other recognised		gains:
Gains on revaluation		offixed assets		6,136,466	6,136,466	210,532
Net movement	in funds			5,530,280	5,530,280	(120,922)
Reconciliation	offunds:
Total funds brought		forward		21,967,198	21,967,198	22,088,120
Net movement	in funds			5,530,280	5,530,280	(120,922)
Total funds carried forward				27,497,478	27,497,478	21,967,198

					2021		2020
			Note		f.
Fixed assets
Investments					28,026,159		22,445,367
					28,026,159		22,445,367
Current assets
Debtors			10	25,999		17,128
Cash at bank and	in hand			88,751		106,703
				114,750		123,831
Creditors: amounts	falling due within one
year			11	(643,431)		(602,000)
Net current liabilities					(528,681)		(478,169)
Total assets less	current liabilities				27,497,478		21,967,198
Net assets excluding		pension asset			27,497,478		21,967,198
Total net assets					27,497,478		21,967,198
Charity funds
Restricted funds			12
Unrestricted funds			12		27,497,478		21,967,198
Total funds					27,497,478		21,967,198

				2021	2020
Cash flows from operating		activities
Net cash	used in operating	activities		(883,755)	(721,773)
Cash flows from investing		activities
Dividends,	interests and rents from investments			310,129	398,934
Proceeds	from sale of investments			8,225,229	333,173
Purchase	of investments			(7,669,555)
Net cash	provided by investing activities			865,803	732,107
Cash flows from financing		activities
Net cash	provided by financing activities
Change in cash and cash		equivalents in	the year	(17,952)	10,334
Cash and	cash equivalents	at the beginning	ofthe year	106,703	96,369
Cash and	cash equivalents	at the end of	the year	88,751	106,703
The notes	on pages 16to 25 form part ofthese financial statements

Quoted	investments
Quoted	investments

Unrestricted	Total
funds	funds
2021	2021
310,129	310,129
Unrestricted	Total
funds	funds
2020	2020
398,934	398,934

			Unrestricted	Total
			funds	funds
			2021	2021
Investment	management	fees	124,727	124,727
Tax payments			162	162
			124,889	124,889
			Unrestricted	Total
			funds	funds
			2020	2020
Investment	management	fees	118,302	118,302

				Grants to	Grants to	Grants to	Total
				Institutions		Individuals	funds
					2021	2021	2021
Grants to schools/beneficiaries				764,200		3,000	767,200
						Grants to	Total
						Institutions	funds
						2020	2020
Grants to schools/beneficiaries						581,000	581,000
The Charity has made the following		material	grants to institutions	during	the	year:
						2021	2020
Name of institution
Greig City Academy						240,000	211,000
Bishop Stopford's School						20,400
StAidian's VC Primary School						25,000	15,000
St Michael-at-Bowes						21,800	11,000
St Mary's C of E Primary	School					255,000	224,000
St Ann's CE Primary School						35,000	25,000
St Michael's CE Primary	School					30,000	25,000
St Pauls and All Hallows	Primary School					54,000	27,000
Holy Trinity CE Primary School						35,000	25,000
Parish of Holy Innocents							18,000
YMCA North London						30,000
North London Pastoral Assistants		Scheme				18,000
						764,200	581,000
						764,200	581,000

		Unrestricted
		funds	Total
		2021	2021
Promoting	education	791,426	791,426
		Unrestricted
		funds	Total
		2020	2020
Promoting	education	612,086	612,086

		Grant	Support &
		funding of	governance	Total
		activities	costs	funds
		2021	2021	2021
Promoting	education	767,200	24,226	791,426
		Grant	Support 8
		funding of	governance	Total
		activities	costs	funds
		2020	2020	2020
Promoting	education	581,000	31,086	612,086

								Promoting	Total
								education	funds
								2021	2021
	Insurance	costs						370	370
	Adminstrator		charges					12,388	12,388
	Bank charges							28	28
	Telephone	costs						640	640
	Accounting	8	audit costs					10,800	10,800
								24,226	24,226
								Promoting	Total
								education	funds
								2020	2020
	Insurance	costs						337	337
	Administrator		charges					17,874	17,874
	Accounting	8	audit costs					9,900	9,900
	Legal fees							2,525	2,525
	Trustee expenses							450	450
								31,086	31,086
7.	Auditors'	remuneration
								2021	2020
	Fees payable		to the Charity's	auditor		for the audit ofthe Charity's	annual
	accounts							6,000	4,500
	Fees payable		to the Charity's	auditor		in respect of:
	All non-audit		services not included		above			3,000	3,750

	Listed	Cash on
	investments	Portfolio	Total
Cost or valuation
At 1 April 2020	22,246,849	198,518	22,445,367
Additions	3,448,109	4,221,446	7,669,555
Disposals	(3,851,862)	(4,375,575)	(8,227,437)
Revaluations	6,138,674		6,138,674
At 31 March 2021	27,981,770	44,389	28,026,159
Net book value
At 31 March 2021	27,981,770	44,389	28,026,159
At 31 March 2020	22,246,849	198,518	22,445,367

		2021	2020
Due within	one year
Investment	income receivable	25,999	17,128
		25,999	17,128

Grant creditors
Accruals and deferred	income

2021f	2020
622,200	581,000
21,231	21,000
643,431	602,000

Stateme	nt o	ffunds - curren	t year
							Balance at
			Balance at 1			Gains/	31 March
			April 2020	Income	Expenditure	(Losses)	2021
			f.	f.	f.	f.	f.
Unrestricted		funds
General	Funds - all funds		21,967,198	310,129	(916,315)	6,136,466	27,497,478

Stateme	nt o	ffunds - prior y	ear
							Balance at
			Balance at			Gains/	31 March
			1April 2019	Income	Expenditure	(Losses)	2020
Unrestricted		funds
General	Funds - all funds		22,088,120	398,934	(730,388)	210,532	21,967,198

Analysis of net assets between funds - current ye	ar
	Unrestricted	Total
	funds	funds
	2021	2021
Fixed asset investments	28,026,159	28,026,159
Current assets	114,750	114,750
Creditors due within one year	(643,431)	(643,431)
Total	27,497,478	27,497,478

Analysis ofnet assets between funds - prior year
	Unrestricted	Total
	funds	funds
	2020	2020
Fixed asset investments	22,445,367	22,445,367
Current assets	123,831	123,831
Creditors due within one year	(602,000)	(602,000)
	21,967,198	21,967,198

			2021	2020
Net expenditure for	the year (as per Statement	of Financial Activities)	(606,186)	(331,454)
Adjustments for:
Dividends, interests	and rents from investments		(310,129)	(398,934)
Decrease/(increase)	in debtors		(8,871)	5,074
Increase in creditors			52,331	3,541
Net cash used in operating activities			(872,855)	(721,773)