FOBT II' YFAR |
ED 3l C ST7020 |
|||
|---|---|---|---|---|
| 31.8.20 | 31,8,19 | |||
| Unrestricted | Total | |||
| fund | funds | |||
| Notes | 8 | |||
| INCOME AND ENDOWMENTS FROM Donations and legacies |
1,000 | 4,800,000 | ||
| Investment income |
4,331 | 1,272 | ||
| Total | 5431 | 4,801,272 | ||
| EXPENDITURE ON | ||||
| Charitable activNcs Education and training |
2,724,493 | 2,137,977 | ||
| NET INCOME/(EXPENDITURE) | (2719i162) | 2663295 | ||
| RECONCILlATION | OF FUNDS | |||
| Total funds brought | forvrard | 2875428 | 212233 | |
| TOTAL FUNDS CARRIED FORWARD | 186@66 | 2,878,32$ |
| 31.8,20 | 31.8.19 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | 8 | ||
| CURRENT ASSETS Cash at bank |
759,366 | 2,$80,388 | |
| CREDITORS Amounts falling due within one year |
(203,000) | (4,$60) | |
| NKT CURRENT ASSETS | 556%366 | 2,875,528 | |
| TOTAL ASSETSLESS CURRENT LIABILITIES |
556%366 | 2,875,528 | |
| CREDITORS Amounts falling due aRer more than one year |
12 | (400,000) | |
| NET ASSETS | 156,366 | 2,875,52$ | |
| FUNDS Unrestricted funds |
13 | 156,366 | 2,875,528 |
| TOTAL FUNDS | 156,366 | 2,875,52$ |
| 3. | INVESTMENT INCOME | INVESTMENT INCOME | INVESTMENT INCOME | 31.8.20 | 31.8.19 | ||||
|---|---|---|---|---|---|---|---|---|---|
| f | |||||||||
| Deposit account interest | 4,331 | 1,272 | |||||||
| 4. | CHARITABLE ACTIVITIES COSTS | ||||||||
| Gl'ant | |||||||||
| t(lading ol | |||||||||
| Direct | activities | Suppol't | |||||||
| Costs (see | (see note | costs (scc | |||||||
| note 5) | 6) | note 7) | Totals | ||||||
| 6 | 8 | f, | f, | ||||||
| Education | and training | 1,918,866 | SOO,0Ou | 5,627 | 2,72¹,493 | ||||
| DIRECT | COSTSOF CHARITABLE ACTIVITIES | 31.8.20 | 31.8.19 | ||||||
| Donations Provision Provision Provision |
to the Laurus Trust ofeducational sporting services for the Laurus Trust ofother educational services for the Laurus Trust ofconsultancy services to the Laurus Trust |
1,758,412 129,167 31,287 |
1,720,356 120,833 43,678 45,937 |
||||||
| 1,918,866 | 1,930,804 | ||||||||
| 6. | GRANTS PAVABLE | 31.8,20 | 31.8.l9 | ||||||
| 8 | 6 | ||||||||
| Education | and training | SOO,OOO | 200,000 | ||||||
| The total | grants paid to institutions | during | the year was as follows'. | 31.L20 | 31,8.19 | ||||
| 6 | |||||||||
| National | Portrait Gallery | guorooo | 200,000 |
| 7, | SUPPORT COSTS | SUPPORT COSTS | SUPPORT COSTS | Governance | |||
|---|---|---|---|---|---|---|---|
| Management | costs | Totals f. |
|||||
| Education | and | training | 3t737 | 1,890 | 5,627 | ||
| Support costs, | included | in the above, are as follows: | |||||
| Management | 31,8.20 | 31.8.19 | |||||
| Education | |||||||
| and | Total | ||||||
| trainlIlg | activities | ||||||
| 980 | |||||||
| IT&web design Administration |
3737 | 3,073 | |||||
| 3.737 | 4,053 | ||||||
| Governance | costs | 31.8.20 | 31.8.19 | ||||
| Education | |||||||
| and | Total | ||||||
| training | activities | ||||||
| K | |||||||
| Auditors' remuneration Independent examiner's |
fees | 1,890 | 3,1'20 | ||||
| 1,890 | 3,120 |
| 9. | SI'AFF COSTS | SI'AFF COSTS | SI'AFF COSTS | SI'AFF COSTS |
|---|---|---|---|---|
| There were no staff costs for the year ended 31 August 2020 nor for the year ended 31 August 2019. | ||||
| 10. | COMPARATIVES FOR THE STATEMENT OFFINANCIAL ACTIVITIES | Unrestricted | ||
| fund | ||||
| 6 | ||||
| INCOME AND ENDOWMENTS FROM Donations and legacies |
4,800,000 | |||
| Investment income |
1,272 | |||
| Total | 4,801,272 | |||
| EXPENDITURE ON | ||||
| Charitable activities Education and training |
2,137,977 | |||
| NKT INCOME | 2,663,295 | |||
| RECONCILIATION | OF FUNDS | |||
| Total funds brought | forward | 2]2,233 | ||
| TOTAL FUNDS CARRIED FORWARD | 2,875,528 | |||
| 11. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | 31.8.20 | 31,8.19 | |
| f | ||||
| Grants payable Accrued expenses |
200,000 3,000 |
4,860 | ||
| 203,000 | 4.860 |
| 12. | CREDITORS: AMOUNTS | CREDITORS: AMOUNTS | CREDITORS: AMOUNTS | FALLING DUE | FALLING DUE | FALLING DUE | AFTER MORE | THAN ONE YEAR 31,8;80 |
THAN ONE YEAR 31,8;80 |
31.8,19 f |
|---|---|---|---|---|---|---|---|---|---|---|
| Grants payable | 400,000 | |||||||||
| 13. | MOVEMENT | IN FUNDS | ||||||||
| Net | ||||||||||
| movement | At | |||||||||
| At 1.9.19 f |
in funds f |
31.$.20 f |
||||||||
| Unrestricted General fund |
funds | 2,875,52$ | (2,719,162) | 156,366 | ||||||
| TOTAL FUNDS | 2,875,528 | (2,719,162) | 156,366 | |||||||
| Net movement | in funds, | included | in the above | are as follows: | ||||||
| Incoming | Resources | Movement | ||||||||
| resources | expended f |
in funds | ||||||||
| Unrestricted General fund |
funds | 5)331 | (2&724,493) | (2,719,162) | ||||||
| TOTAL FUNDS | 5,331 | (2,724,493) | (2,719,162) | |||||||
| Comparstlves | for movement | in | funds | |||||||
| Net | ||||||||||
| movement | At | |||||||||
| At 1.9.18 f |
in funds f |
31.8.19 | ||||||||
| Unrestricted General fund |
funds | 212,233 | 2,663,295 | 2 875 528 | ||||||
| TOTALFUNDS | 212,233 | 2,663,295 | 2,$75,528 | |||||||
| Comparative | net movement | in | funds, included | in the above are | as follows: | |||||
| Incoming | Resources | Movement | ||||||||
| resources | expended | in funds | ||||||||
| f | ||||||||||
| Unrestricted General fund |
funds | 4,$01,272 | (2,137,977) | 2,663,295 | ||||||
| TOTAL FUNDS | 4,801,272 | (2, 137.977) | 2,663,295 |
| A current | yea | r 12 months and prior year 12 |
months combined position is as follow |
s: | |
|---|---|---|---|---|---|
| Net | |||||
| movement | At | ||||
| At 15L18 | in funds | 3l,8.20 | |||
| 6 | |||||
| Unrestricted General fund |
funds | 212,233 | (55,867) | 156,366 | |
| TOTAL | FUNDS | 212,233 | (55,867) | 156,366 |
| as follow | s: | ||||
|---|---|---|---|---|---|
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| 8 | |||||
| Unrestricted General fund |
funds | 4,806,603 | (4,862,470) | (55,867) | |
| TOTAL | FUNDS | 4 806 603 | (4 862470) | (55,867) |
| 31.8.20 | 31,8.19 | ||||
|---|---|---|---|---|---|
| 6 | |||||
| INCOME AND ENDOWMENTS | |||||
| Donations and legacies Donations |
1,000 | 4,800,000 | |||
| Investment income Deposit account interest |
45331 | 1,272 | |||
| Total incoming resources | 5@31 | 4,801,272 | |||
| EXPENDITURE | |||||
| Charitable activities Donations to the Laurus Trust |
1,758,412 | 1,720,356 | |||
| Provision of educational Laurus Trust |
sporting | services for the | 129,167 | 120,833 | |
| Provision ofother educational | services for the | 31487 | 43,678 | ||
| Laurus Trust | |||||
| Provision ofconsultancy | services | to the Laurus | 45,937 | ||
| Trust Grants to institutions |
800,000 | 200,000 | |||
| 297189866 | 2,130,804 | ||||
| Support costs | |||||
| Management | 980 | ||||
| 1Tdc wcb design Administration |
3737 | 3,073 | |||
| 3737 | 4053 | ||||
| Governance costs Auditors' remuneration Independent examiner's |
fees | 1,890 | 3,l20 | ||
| 1,890 | 3,120 | ||||
| Total resources expended | 2,724,493 | 2,137,977 | |||
| Net (expenditure)/income | (2,719,162) | 2663,295 |