2021-03-31-accounts - The Teaching Staff Trust

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Reference and Administrative	Details
Report ofthe Trustees		2-4
Audit Report		5-7
Statement ofFinancial Activities
Balance Sheet
Cash Flow Statement		10
Notes to the Accounts		11 - 16

			Unrestricted	Capital
			Operating	Emlowmeut	2021	2020
		Notes	Fuuds	Funds	Total	Total
Incoming Resources			g	g
Donations, Grants and Legacies		2	32,341		32,341	3,722
Investment Income		3	437,784		437,784	438,093
Total Iucomc			470,125		470,125	441,815
Expenditure
Charitable Activities:
Grants Payable		4	392,334		392,334	367,148
Suppott Costs		5	93,214		93,214	92,940
Costs ofRaising Funds
Investment Management	Rebates		(32,734)		(32,734)	(30,801)
Governance Costs		6	12,950		12,950	12,326
Total Kxpemliture			465,764		465,764	441,614
Net Income before Gains	on
Investments			4,361		4,361	201
Net Gain/(Loss)
Investment Assets		8	2,466,790	96,698	2,563,488	(624,541)
Net Movement in Funds			2,471,151	96,698	2,567,849	(624,340)
Reconciliation ofFunds
Total Funds Brought Forward			11,848,464	458,650	12,307,114	12,931,454
Total Funds Carried Forward			14,319,615	555,348	14,874,963	12,307,114

		Unrestricted	Capital
		Operating	Endowmeut	2021	2020
	Notes	Fnnds	Ponds	Total	Total
			8	E	8
Fixed Assets
Tangible Fixed Assets	7	4,805		4,805	1,514
Invostments	8	14,199,825	555,348	143755,173	12,158&967
Total Pire&1 Assets		14,204,630	555,348	14,759,978	12,160,481
Curreut Assets
Debtom		3,064		3,064	4,012
Cash at Bank and laHand Total Current Assets		117,400 120,464		117300 ~lD.464	148,411 152,423
Crcdt totsnt
Amounts Palling Due
Within Ono Year	9	(5,479)		(5,479)	(5,790)
Net Current Assets		114,985		114,985	146,633
Net Assets		14319615	555.348	14,874,963	12397.114
Funds	10
Unrestricted		14,319,615		14,319,615	11,848,464
Bndowment			555,348	555,348	458,650
		14,319,615	555.348	14,874,963	12,3D7,314

			Total	Total
			Fuuds	Funds
			2021	2020
		Note
Cash (used in)
operating activities		12	(432,386)	(438,325)
Cash Flows from Investing	Activities:
Dividends and Interest Received			437,784	438,093
Purchase ofPlant &Equipment			(4,091)	(1,241)
Sale ofTangible Fixed Assets			400
Sale ofInvestments				165,500
Purchase ofInvestments			(32,718)	(121,291)
Net Cash provided by
Investing Activities			401,375	481,061
Net Change in Cash in the year			(31,011)	42,736
Cash brought forward at I April			148,411	105,675
Cash carried fomvard at 31	March		117,400	148,411

	Donations, Grants aml Legacies	Donations, Grants aml Legacies	Donations, Grants aml Legacies	2021	2020
	Amalgamation ofthe assets of		The Society ofSchoolmasters
	and Schoolmistresses	("SOSS")			2,860
	Govermnent Furlough	Scheme	Grants	4,982
	Donations and Other Grants			17,359	375
	Legacies			10,000	487
				32,341	3,722
3.	Investrneut Iucome			2021	2020
	Dividends —UK Equities			85,368	87,920
	Dividends - Ove	seas Equities			228,961
	Interest - UK Fixed Interest Securities			48,594	59,623
	Other			74,861	85,405
				437,784	438,093
4.	Grants Payable			2021	2020
					g
	Bereavement			16,404
	Ill health			86,486
	Loss ofIncome			20,406
	Relationship Breakdovvn			21,515
	Domestic Abuse			21,073
	Loss ofHome			1,650
	Change ofliving Circumstances			40,501
	Debt Relief			770
	Covid-19			96,185
	TV Licence			1,575
	Other			2,800
	Appliances and Furniture				38,691
	Rent/Mortgage Arream				98,631
	Debt Relief - Utilities/Council		Tax		20,981
	Debt Relief - Credit Card/Loans				60,139
	Debt relief- Other				2,970
	Home Maintenance				19,546
	Vehicle Costs				500
	General Needs				36,016
	Quarterly Payments			80,069	86,678
	Seasonal Grants			2,900	2,997
				392,334	367,148

Support Costs		2021 f	2020
Salaries and Related	Costs (Note 11)	59,300	57,230
Rent and Rates		14,295	14,245
Light, Heat and Insurance		914	834
Printing, Stationery	and Telephone	8,160	4,899
Coinputer Expenses		7,737	11,868
Repairs and Renewals		506	1,832
Sundry Expenses		1,902	1,595
Depreciation		800	437
Profit on sale offixed assets		(400)
		93,214	92,940

7.	Tangible Fixed Assets	Tangible Fixed Assets				Office
						Equipment
	Cost
	At 1Apri!2020					13,634
	Additions					4,091
	Disposals					(10,659)
	At 31 March 2021					7,066
	Depreciation
	At 1 April 2020					12,120
	Charge for the Year					800
	On disposals					(10,659)
	At 31 March 2021					2,261
	Net BookValue
	At 31 March 2021					4,805
	At 31March 2020					1,514
8.	Investments				2021	2020
	Market Value at 1 April		2020		12,158,967	12,827,717
	Purchases During the Year at Cost				40,915	128,000
	Disposals/Proceeds	During the Year				(165,500)
	Realised Gains on Disposals					13,668
	Changes in Unrealised Gains/(Losses) (Decrease) in Cash Deposits Market Value at 31March 2021			Investments	2,563,488 (8,197) 14,755,173	(638,209) ~6,7997 12,158,967
	Represented by:
	Multi Asset Funds				14,755,171	12,150,768
	Cash Deposits				2	8,199
					14,755,173	12,158,967
	Analysed as:
	Unrestricted Operating		Funds		14,199,825	11,700,317
	Endotvment Funds				555,348	458,650

8.	Investments (Continued)	Investments (Continued)	2021	2020
			g
	Comprising:
	UK Equities		2,874,831	2,135,732
	Overseas Equities		7,714,494	5,998,075
	UK Fixed Interest Secnrities		1,640,844	1,654,801
	Property		356,739	390,580
	Alternative Investments		1,182,436	1,199,481
	Liquid Assets		985,829	780,298
			14,755,173	12,158,967
9.	Creditors: Amouuts	Falling Due Within One Year	2021	2020
				g
	Accrued Expenses		5,234	5,542
	Payroll Taxes		245	248
			5,479	5,790

		Total	Total
		Fun&is	Funds
		2021	2020
Net Income for the reporting	period
(as per the statement offiuancia1 activities)		4,361	201
Adjustments for:
Profit on sale offixed assets		(400)
Depreciation		800	437
Dividends and Interest		(437,784)	(438,093)
Decrease in Debtors		948	7
(Decrease) in Creditois		(311)	(877)
Net Cash used in operating	activities	(432,386)	(438,325)