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|<br>FOBT II' YFAR|ED 3l<br>C ST7020||||
|---|---|---|---|---|
||||31.8.20|31,8,19|
||||Unrestricted|Total|
||||fund|funds|
|||Notes|8||
|INCOME AND ENDOWMENTS FROM<br>Donations<br>and legacies|||1,000|4,800,000|
|Investment<br>income|||4,331|1,272|
|Total|||5431|4,801,272|
|EXPENDITURE ON|||||
|Charitable<br>activNcs<br>Education<br>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$|





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|||31.8,20|31.8.19|
|---|---|---|---|
|||Unrestricted|Total|
|||fund|funds|
||Notes||8|
|CURRENT ASSETS<br>Cash at bank||759,366|2,$80,388|
|CREDITORS<br>Amounts<br>falling due within one year||(203,000)|(4,$60)|
|NKT CURRENT ASSETS||556%366|2,875,528|
|TOTAL ASSETSLESS CURRENT<br>LIABILITIES||556%366|2,875,528|
|CREDITORS<br>Amounts<br>falling due aRer more than one year|12|(400,000)||
|NET ASSETS||156,366|2,875,52$|
|FUNDS<br>Unrestricted<br>funds|13|156,366|2,875,528|
|TOTAL FUNDS||156,366|2,875,52$|





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|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 <br>Provision <br>Provision <br>Provision|to the Laurus Trust<br> ofeducational<br>sporting<br>services for the Laurus Trust<br> ofother educational<br>services for the Laurus Trust<br> ofconsultancy<br>services to the Laurus Trust||||||1,758,412<br>129,167<br>31,287|1,720,356<br>120,833<br>43,678<br>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|



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|7,|SUPPORT COSTS|SUPPORT COSTS|SUPPORT COSTS|||Governance||
|---|---|---|---|---|---|---|---|
||||||Management|costs|Totals<br>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<br>Administration|||||3737|3,073|
|||||||3.737|4,053|
||Governance||costs|||31.8.20|31.8.19|
|||||||Education||
|||||||and|Total|
|||||||training|activities|
|||||||K||
||Auditors'<br>remuneration<br>Independent<br>examiner's|||fees||1,890|3,1'20|
|||||||1,890|3,120|



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|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<br>Donations<br>and legacies|||4,800,000|
||Investment<br>income|||1,272|
||Total|||4,801,272|
||EXPENDITURE ON||||
||Charitable<br>activities<br>Education<br>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<br>Accrued expenses||200,000<br>3,000|4,860|
||||203,000|4.860|





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|12.|CREDITORS: AMOUNTS|CREDITORS: AMOUNTS|CREDITORS: AMOUNTS|FALLING DUE|FALLING DUE|FALLING DUE|AFTER MORE|THAN ONE YEAR<br>31,8;80|THAN ONE YEAR<br>31,8;80|31.8,19<br>f|
|---|---|---|---|---|---|---|---|---|---|---|
||Grants payable||||||||400,000||
|13.|MOVEMENT|IN FUNDS|||||||||
||||||||||Net||
||||||||||movement|At|
|||||||||At 1.9.19<br>f|in funds<br>f|31.$.20<br>f|
||Unrestricted<br>General<br>fund|funds||||||2,875,52$|(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<br>f|in funds|
||Unrestricted<br>General<br>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<br>f|in funds<br>f|31.8.19|
||Unrestricted<br>General<br>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<br>General fund|funds||||||4,$01,272|(2,137,977)|2,663,295|
||TOTAL FUNDS|||||||4,801,272|(2, 137.977)|2,663,295|





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|A current|yea|r 12 months<br>and prior year 12|months<br>combined<br>position<br>is as follow|s:||
|---|---|---|---|---|---|
|||||Net||
|||||movement|At|
||||At 15L18|in funds|3l,8.20|
||||6|||
|Unrestricted<br>General<br>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<br>General<br>fund||funds|4,806,603|(4,862,470)|(55,867)|
|TOTAL|FUNDS||4 806 603|(4 862470)|(55,867)|



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|||||31.8.20|31,8.19|
|---|---|---|---|---|---|
||||||6|
|INCOME AND ENDOWMENTS||||||
|Donations<br>and legacies<br>Donations||||1,000|4,800,000|
|Investment<br>income<br>Deposit account interest||||45331|1,272|
|Total incoming resources||||5@31|4,801,272|
|EXPENDITURE||||||
|Charitable<br>activities<br>Donations to the Laurus Trust||||1,758,412|1,720,356|
|Provision of educational<br>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<br>Grants to institutions||||800,000|200,000|
|||||297189866|2,130,804|
|Support costs||||||
|Management|||||980|
|1Tdc wcb design<br>Administration||||3737|3,073|
|||||3737|4053|
|Governance<br>costs<br>Auditors'<br>remuneration<br>Independent<br>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|