||||Page||
|---|---|---|---|---|
|Reference and Administrative
Details|||||
|Trustees' Report||2|to|3|
|Statement ofTrustees'|Responsibilities||||
|Report ofthe Independent
Auditors||5|to|7|
|Statement ofFinancial|Activities||||
|Statement ofFinancial|Position||||
|Statement ofCash Flows|||10||
|Notes to the Statement|ofCash Flows||||
|Notes to the Financial|Statements|12|to|15|
|Detailed Statement of|Financial Activities||16||
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|||||31.8.21|31.8.20|
|---|---|---|---|---|---|
|||||Unrestricted|Total|
|||||fund|funds|
||||Notes|||
|INCOME|AND ENDOWMENTS FROM|||||
|Donations|and legacies|||2,500,000|1,000|
|Investment|income||||4,331|
|Total||||2,500,000|5,331|
|EXPENDITURE ON||||||
|Charitable|activities|||||
|Education|and training|||1,731,029|2,724,493|
|NET INCOME/(EXPENDITURE)||||768,971|(2,719,162)|
|RECONCILIATION||OF FUNDS||||
|Total funds brought||forward||156,366|2,875,528|
|TOTAL FUNDS CARRIED FORWARD||||925,337|156,366|
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|||31,8.21|31.8.20|
|---|---|---|---|
|||Unrestricted|Total|
|||fund|funds|
||Notes|||
|CURRENT ASSETS||||
|Cash at bank||1328i589|759,366|
|CREDITORS||||
|Amounts
falling due within one year||(203,252)|(203,000)|
|NET CURRENT ASSETS||1,125,337|556,366|
|TOTAL ASSETSLESSCURRENT||||
|LIABILITIES||1,125,337|556,366|
|CREDITORS||||
|Amounts
falling due atter more than one year|12|(200,000)|(400,000)|
|NET ASSETS||925,337|156,366|
|FUNDS|13|||
|Unrestricted
funds||925,337|156,366|
|TOTAL FUNDS||925,337|156,366|
||||||31.8.21|31.8.20|
|---|---|---|---|---|---|---|
|||||Notes|||
|Cash flows from|operating|activities|||||
|Cash generated
from operations||||1|569,223|(2,125,353)|
|Net cash provided|by/(used|in)|operating|activities|569,223|(2,125,353)|
|Cash flows from|investing|activities|||||
|Interest received||||||4,331|
|Net cash provided|by investing||activities|||4,331|
|Change
in cash|and cash equivalents|||in|||
|the reporting
period|||||569,223|(2,121,022)|
|Cash and cash equivalents||st|the||||
|beginning
ofthe|reporting|period|||759,366|2,880,388|
|Cash and cash equivalents||st|the end|of|||
|the reporting
period|||||1,328,589|759,366|
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|OPERATING AC|TIVI|TI|ES||||
|---|---|---|---|---|---|---|
||||||31.8.21|31.8.20|
||||||8||
|Net income/(expenditure)|||for the reporting|period (as per the|||
|Statement ofFinancial||Activities)|||768,971|(2,719,162)|
|Adjustments
for:|||||||
|Interest received||||||(4,331)|
|(Decrease)/increase|in creditors||||(199,748)|598,140|
|Net cash provided|by/(used||in) operations||569,223|(2,125,353)|
|ANALYSIS OF CHANGES IN NET|FUNDS|||
|---|---|---|---|
||At 1.9.20|Cash flow|At 31.8.21|
|||6||
|Net cash||||
|Cash at bank|759,366|569)223|1,328,589|
||759,366|569,223|1,328,589|
|Total|759,366|569,223|1,328,589|
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|3.|DONATIONS
AND LEGACIES|DONATIONS
AND LEGACIES|DONATIONS
AND LEGACIES|DONATIONS
AND LEGACIES|DONATIONS
AND LEGACIES||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||31.8.21|31.8,20|
||Donations||||||||2,500,000|1,000|
|4.|INVESTMKNT INCOME||||||||||
||||||||||31.8.21|31.8.20|
||Deposit account interest|||||||||4,331|
|5.|CHARITABLE ACTIVITIES COSTS||||||||||
|||||||||Grant|||
|||||||||funding of|||
||||||||Direct|activities|Support||
||||||||Costs (see|(see note|costs (see||
||||||||note 6)|7)|note 8)
f|Totals|
||Education||and training||||1,593,172|130,000|7,857|1,731,029|
|6.|DIRECT||COSTS OF CHARITABLE|||ACTIVITIES|||||
||||||||||31,8.21|31.8.20|
||Donations||to the Laurus|Trust|||||1,478,$39|1,758,412|
||Provision||ofeducational|sporting services|||for the Laurus Trust||83,333|129,167|
||Provision||ofother educational||services|for the Laurus Trust|||31,000|31,287|
||||||||||1,593,172|1,918,866|
|7.|GRANTS||PAYABLE||||||||
||||||||||31.8.21|31.8.20|
||Education||and training||||||130,000|800,000|
||The total|grants
payable to institutions||||in the year was as follows:|||||
||||||||||31.8.21|31.8.20|
||National|Portrait Gallery||||||||800,000|
||University||ofCambridge||||||50,000||
||Centre for||Social Justice||||||40,000||
||Education||Policy Institute||||||20,000||
||Centre for||Policy Studies||||||20,000||
||||||||||130,000|800,000|
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||||||Governance||
|---|---|---|---|---|---|---|
|||||Management|costs|Totals|
|Education|and training|||4,353|3,504|7,857|
|Support costs, included|||in the above, are as follows:||||
|Management|||||||
||||||31.8.21|31.8.20|
||||||Education||
||||||and|Total|
||||||training|activities|
|IT dcweb|design||||200||
|Administration|||||4&138|3i737|
|Bank charges|||||15||
||||||4,353|3i737|
|Governance||costs|||||
||||||31.8.21|31.8.20|
||||||Education||
||||||and|Total|
||||||training|activities|
|Auditors'|remuneration||||3,252||
|Independent||examiner's|fees||252|1,890|
||||||3,504|1,890|
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|CREDITORS: AMOUNTS FALLING DUE WITH|IN ONE YEAR||
|---|---|---|
||31.8.21|31.8.20|
||8||
|Grants payable|200,000|200,000|
|Accrued expenses|3i252|3,000|
||203,252|203,000|
|CREDITORS: AMOUNTS FALLING DUE AII'TER MORE THAN ONE YEAR|||
||31.8.21|31.$.20|
||f.||
|Grants payable|200,000|400,000|
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|||||31.8.21|31.8.20f|
|---|---|---|---|---|---|
|INCOME AND ENDOWMENTS||||||
|Donations
and legacies||||||
|Donations||||2,500,000|1,000|
|Investment
income||||||
|Deposit account interest|||||4,331|
|Total incoming
resources||||2,500,000|5,331|
|EXPENDITURE||||||
|Charitable
activities||||||
|Donations
to the Laurus Trust||||1,478,839|1,758,412|
|Provision ofeducational|sporting||services for the|||
|Laurus Trust||||83)333|129,167|
|Provision ofother educational||services for the||||
|Laurus Trust||||31,000|31,287|
|Grants to institutions||||130,000|800,000|
|||||1,723,172|2,718,866|
|Support costs||||||
|Management||||||
|IT& web design||||200||
|Administration||||4,138|3,737|
|Bank charges||||15||
|||||4,353|3,737|
|Governance
costs||||||
|Auditors'
remuneration||||3,252||
|Independent
examiner's|fees|||252|1,890|
|||||3,504|1,890|
|Total resources expended||||1,731,029|2,724,493|
|Net income/(expenditure)||||768,971|(2,7l9,1621|