##
##
##
##
##
|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|205,145|
||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|
##
|||||2021|2020|
|---|---|---|---|---|---|
||||||f|
||Premises
and|Equipment|||5,650|
|6.|Governance|Costs||2021|2020|
||Audit Fees|||3,600|3,600|
||Legal &Professional||Fees|7,464|6,840|
||Trustees'Insurance|||1,886|1,886|
|||||12,950|12,326|
##
##
|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|
##
##
##
##
##
|Staff Remuneration|2021|2020|
|---|---|---|
|Wages and Salaries|51,683|41,766|
|Social Security Costs||182|
|Pension Costs|7,617|15,282|
||59,300|57,230|
##
|||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)|