| Table ofContents | Page | |
|---|---|---|
| Legal and Administrative | Information | |
| Report ofthe Trustees | ||
| Independent Examiner's |
Report | 10-11 |
| Statement ofFinancial Activity | 12 | |
| Balance Sheet | 13 | |
| Notes to the Accounts | 14-15 |
| Yea | r Ended 28February | 2022 | ||
|---|---|---|---|---|
| Unrestricted | Unrestricted | |||
| Fund | Fund | |||
| Notes | 2022 | 2021 | ||
| Income | ||||
| Donations | 125,000 | 125,000 | ||
| Investment Income |
3,657 | 2,961 | ||
| Total Income | 128,657 | 127,961 | ||
| Expenditure | ||||
| Direct Charitable | Expenditure | 80,367 | 75,750 | |
| Support Expenditure | 2,484 | 810 | ||
| Total Expenditure | 82,851 | 76,560 | ||
| Net Income (before net investment | gains / (losses) | 45,806 | 51,401 | |
| Net investment | gains / (losses) | 2,892 | 6,671 | |
| Funds at Start | ofYear | 461,713 | 403,641 | |
| Funds at End ofYear | 510,411 | 461,713 |
| At 28 February 20 |
22 | |
|---|---|---|
| 2022 | 2021 | |
| Fixed Assets | ||
| Investments | ||
| Cambridge 4 Counties Bank Fixed Term Bond | 92,730 | 90,734 |
| Current Assets | ||
| Investments | ||
| Shawbrook Bank Fixed Term Bond | 79,055 | 77,966 |
| CAF Managed Po&olio | 80,908 | 78,016 |
| Hampshire Trust Bank |
85,572 245,535 |
155,982 |
| Cash at bank | 172,146 | 214,997 |
| Total Current Assets | 417,681 | 370,979 |
| Current Liabilities | ||
| Creditors - accruals | ||
| Net Current Assets | 417,681 | 370,979 |
| Total Net Assets | 510,411 | 461,713 |
| Funds | ||
| Unrestricted Funds |
510,411 | 461,713 |
| Total Funds | 510,411 | 461,713 |
| Investment Income |
||
|---|---|---|
| Shawbrook Bank Cambridge 4 Counties Hampshire Trust Bank Total Investment Income |
1,089 1,996 572 3,657 |
1,003 1,958 2,961 |
| 2022 | 2021 | ||
|---|---|---|---|
| 4. | Direct Charitable Expenditure |
||
| Student Bursaries | 76,667 | 75,000 | |
| Grants | 3,500 | ||
| Other Student Awards | 200 | 750 | |
| Total Direct Charitable Expenditure |
80,367 | 75,750 | |
| 5. | Support Expenditure Bank Charges |
96 | 66 |
| IT Costs | 2,388 | 744 | |
| Total Support Expenditure | 2,484 | 810 | |
| 6. | Transactions with Trustees |
||
| No remuneration or expenses were paid to trustees during the years ended 28February |
|||
| 2021 and 28 February 2022. | |||
| 7. | Current Asset Investment | ||
| Value at beginning ofyear | 78,016 | 71,345 | |
| Additions to investments | |||
| Net gain / (loss) on revaluation | 2,892 | 6,671 | |
| Value at end ofyear | 80,908 | 78,016 |