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