2020-08-31-accounts

		Page
Charity Information
Report ofthe Trustees
Statement ofFinancial Activities
Balance Sheet
Notes to the Financial Statements
Report ofthe Independent	Examiner	16

TRUSTEES:		R. Edwards
		D. Eustace
		S.Greep
		S.Longson
		C.Mattos
		N. Regan
		M. Truran
ADDRESS:		The Watch Oak
		Chain Lane
		Battle
		East Sussex
		TN33 OYD
CHARITY REGISTRATION
NUMBER:		1160881
INDEPENDENT	EXAININERS:	Watson Associates (Professional	Services) Ltd
		Chartered Accountants
		30 —34 North Street
		Hailsham
		East Sussex
		BN27 1DW
BANKERS:		NatWest Bank PLC
		Hastings Branch
		Havelock Road
		Hastings
		East Sussex
		TN34 1GW
INVESTMENT	INANAGERS:	Smith &Williamson
		25 Moorgate
		London
		EC2R 6AY

		Notes	Unrestricted	Restricted	2020	2019
			Funds	Funds	Total	Total
			F	F		9
Income and endowments	from:
Donations and legacies		2	2,625	1,352	3,977	128,553
Investments		3		13,431	13,431	16,636
Total income			2 625	14,783	17,408	145,189
Expenditure on:
Raising funds		4	5,476		5,475	5,865
Charitable activities		4		59,951	59,951	37,688
Total expenditure			5,476	59,951	55,427	43,553
Net gains/(losses) on investments				(4,686)	(4,585)	30,176
Net income/(expenditure)			2,851	49,854	52705	131,812
Transfers between funds
Net movement in funds			2,851	49,854	52,705	131,812
Reconciliation offunds:
Total funds brought forward At 1"September 2019			8373	806277	814,650	682,838
Transfer/reclassification
Total funds carried forward At 31"August 2020		12	5,522	756,423	751 945	814,650

		Notes	2020
			6
Fixed assets
Invesbnents —Junior investments —Championship				491,687 159,444	487,543 'I60,293
Investments —General					69,887
					tt7 723
Current assebr
Debtors		10
Cash at bank and in hand			116,132
Cash held by investment	managers		120
			116,252
Current Uabiilges
Creditors: Amounts faling	due within
one year
Net current assets				110,614
Total assets less current liabilities				761,945
The funds ofthe charity
Restricted income funds				756,423
Unrestricted funds				5,522
				761,945	814,650

		Unrestricted	Restricted	Total	Total
				2020	2019
				6	F
Donations		2,625	1,352	3,977	79,893
Legacies					48,660
		2,625	1 352	3,977	128,553
INVESTMENT INCOME
		Unrestricted	Restricted	Total	Total
				2020	2019
Junior Fund —Interest			1,226	1,226	835
Junior Fund —Dividends			8,664	8,664	11,687
Championship	Fund —Interest		380	380	216
Championship	Fund —Dividends		3,118	3,118	3,762
General Fund	—Interest		43	43	136
General Fund	—Dividends
			13,431	13,431	16,636

					Charitable
				Raising	Direct	Governance	Total	Total
				Funds	Costs	Costs	2020	2019
Investment	management		fees	5,476			5,476	5,865
Investment	levies
Sponsorship	and grants				32,751		32,751
Accelerator	programme		fees		20,702		20,702	28,541
Coaching fees					4,210		4,210	6,580
Independent	examiners		fees					780
Accountancy	fees					1,590	1,590	560
Trustee meetings		and
expenses						698	698	1,227
				5,476	57,663	2,288	65,427	43,553
Governance	costs				2,288	(2,288)
Total expenditure		—2020		5,476	59,951		65,427
Total expenditure		—2019		5,865	37688		43,553

10.	DEBTORS
						Total	Total
						2020	2019
						E
	Accrued Income
11.	CREDITORS: AIIOUNTS FALLING DUE				WITHIN	ONE YEAR
						Total	Total
						2020	2019
						6	F
	Accruals					5435	6,804
						5,438	6,804
12.	ANALYSIS OF	CHARITABLE FUNDS
				Balance I			Gains	Balance
				September			&	31 August
				2019	Income	Expenditure Transfers	Losses	2020
	Restricted funds:
	Neil Carr donation			5,000				5,000
	Legacies			730,777	14,783	59,951	(4,686)	680,923
	BCF			70,500				70,500
	Total restricted funds			806,277	14,783	59,951	4,686	756,423
	Unrestricted	funds:
	General funds			8,373	2,625	5,476		5,522
	Total unrestricted		funds	8,373	2,625	5,476		5,522
	Totalfunds			814,650	17,408	65,427	4,686	761 945

			Balance t				Gains	Balance
			September				&	3t August
			2018	Income	Expenditure	Transfers	Losses	20tg
Restricted funds:
Neil Carr donation			5,000					5,000
Legacies			675,571	66,316	(40,986)	(300)	30,176	730,777
BCF				70,500				70,500
Total restricted		funds	680,571	136,816	40,986	300	30,176	806,277
Unrestricted	funds:
General funds			2,267	8,373	2,567	300	-	8,373
Total unrestricted			2,267	8,373	(2,567)	300	-	8,373
funds
Total funds			682,838	145,189	43,553		30,176	814,650

	Unrestricted	Restricted	Total
	Funds	Funds	Funds
		6	K
Investments		651,131	651,131
Net current assets	5,522	105,292	110,814
Net assets at the end ofthe year	5,522	756423	781 645

NALYSIS OF NET ASSETS BETWEEN FUN	DS —PRIOR YEAR
	Unrestricted	Restricted	Total
	Funds	Funds	Funds
		6
Investments		717,723	717,723
Nel current assets	8,373	88,554	96,927
Net assets at the end ofthe year	8373	806 277	814,650