2021-03-31-accounts - Queen Mary's Schools Foundation

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		Page
Reference and Administrative Details
Trustees' Report	2	to	8
Report ofthe Independent Auditor	9	to	10
Statement of Financial Activities
Balance Sheet		12
Cash Flow Statement		13
Notes to the Financial Statements	14	to	25

	Unrestricted	Restricted	Endowment	2021 Total	2020 Total
INCOME AND	fufld Notes 6	fund 6	fund	funds	funds F
ENDOWIIENTS FROM
Donations and legacies	4 116,331	705		117,036	10,913
Charitable activities	6
Charitable activities	1,714,562			1,714,562	1,809,990
Investment income	5 60,407	12,078		72,485	87,745
Total	1,891,300	12,783		1,904,083	1,908,648
EXPENDITURE ON
Charitable activities
Charitable activities Supportcosts Mayfield staff costs Mayfield other costs	63,044 80,079 1,373,076 320,459	1,000	13,370 32,774	64,044 93,449 1,373,076 353,233	102,341 66,166 1,384,549 367,662
Total	1,836,658	1,000	46,144	1,883,802	1,920,718
Net gains/(losses) on
investments			142,629	142,629	~82,700)
NET
INCONIE/(EXPENDITURE)	54,642	11,783	96,485	162,910	(94,770)
Transfers between funds	21 36,722	1,000	~37,722)
Net movement in funds	91,364	12,783	58,763	162,910	(94,770)
RECONCILIATION OF
FUNDS
Total funds brought
forward	570,710	57,305	4,153,639	4,781,654	4,876,424
TOTAL FUNDS CARRIED
FORWARD	662,074	70088	4212402	4944564	4781,654

		BALANCE SHEET 31 MARCH 2021
			2021	2020
		Notes	5	E
FIXEDASSETS
Tangible assets		12	3,927,711	3,927,711
Investments		13	1 076 806	924 049
			5,004,517	4,851,760
CURRENT ASSETS
Debtors		14	58,691	37,901
Cash at bank and	in hand		816,810	711,274
			875,501	749,175
CREDITORS
Amounts falling due within one year		15	(172,408)	(819,281)
NET CURRENT ASSETS			70301!3	~70,106)
TOTAL ASSETS	LESSCURRENT
LIABILITIES			5,707,610	4,781,654
CREDITORS
Amounts falling due after more than one		year 16	(763,046)
NET ASSETS			4 944 564	4,781,654
FUNDS		21
Unrestricted funds			662,074	570,710
Restricted funds			70,088	57,305
Endowment funds			4212402	4,153639
TOTAL FUNDS			4,944,564	4 781,654

			FOR T	HE YEAR ENDED	31 MARCH 2021
					2021	2020
				Notes	E	F
Cash flows from operating		activities
Cash generated from operations				23	30,940	(56,329)
Interest paid					~33,733)
Net cash provided by/(used		in)	operating	activities	~2,793)	~56,329)
Cash flows from investing		activities
Purchase oftangible fixed assets						(733,100)
Purchase of investments					(756,836)
Sale offixed asset investments					715,502
Interest received					105	425
Dividends received					20,103	33,292
Rental income					52,277	54,028
Net cash used in investing	activities				31,151	(645,355)
Cash flows from financing		activities
New loans in year					104,000	700,000
Loan repayments in year					19,321
Expenditure attributable to endowment					~46, 143)
Net cash provided by financing			activities		77,178	700,000
Change in cash and cash		equivalents
in the reporting period					105,536	(1,684)
Cash and cash equivalents		at	the
beginning ofthe reporting		period			711,274	712,958
Cash and cash equivalents		at	the end
ofthe reporting period					816,810	711,274

INVESTMENT INCOME
				2021	2020
	Unrestricted	Restricted	Endowment	Total	Total
	funds	funds	funds	funds	funds
				6	6
Rental income Income from listed	52,277			52,277	54,028
investments Interest receivable	8,027 103	12,076 2		20,103 105	33,292 425
	60,407	12,078		72,485	87,745

				2021	2020
		Activity
Fees	receivable	Charitable	activities	1,714,562	1,809,990

CHARIT	ABLE ACTIVITIES COSTS
		Direct
		Costs (see
		note 8)
		6
Charitable activities Support costs Mayfield staff costs Mayfield other costs		64,044 93,449 1,373,076 353233
		1,883,802

DIRECTCOSTSOF CHARITABLE ACTIVITIES
	2021	2020
	F	8
Staff costs Rates, insurance and utilities Maintenance of premises and equipment Telephone, postage and stationery Audit fees Professional fees Entrance examinations Clerk to the governors Learning resources Computer costs Administration and accountancy Subscriptions and courses Other costs Donations and educational enrichment	1,373,076 77,349 91,737 17,425 4,350 50,652 62,936 58,013 6,547 20,321 61,538 13,157 11,968	1,384,549 80,757 109,997 14,893 4,200 15,390 39,780 54,519 16,665 34,409 46,490 13,247 43,261 62,561
Other grants Interest payable and similar charges	1,000 33,733
	1,883,802	1,820,718

There were no trustees' expenses paid for th 31 March 2020.	e year ended 31 March 2021 nor for t	he year ende
STAFF COSTS	2021	2020
	F
Wages and salaries Social security costs Other pension costs	1,088,007 98,805 186,264	1,126,073 83,850 174,626
	1,373,076	1,384,549

			2021	2020
Teaching	and	support	47	51

	The listed investments (2020:F756,374).	The listed investments (2020:F756,374).	are shown at market value. The historic cost	at 31 March 2021	was 6797,7
14.	DEBTORS:AMOUNTS		FALLING DUE WITHIN ONE YEAR
				2021	2020
					F
	Trade debtors			51,053	22,047
	Prepayments	and accrued income		7,638	15,854
				58,691	37,901

RECONCILIATION OF ACTIVITIES	NET I	NCOME/(EXPE	NDITURE) TO NET CAS	H FLOW FROM	OPERATING
				2021	2020
Net income/(expenditure) Statement of Financial	for the reporting Activities)		period (as per the	162,910	(94,770)
Adjustments for: (Gain)/losses on investments				(142,629)	82,700
Interest received				(106)	(425)
Interest paid				33,733
Dividends received				(20,103)	(33,292)
Rental income received				(52,277)	(54,028)
Expenditure attributable to endowment (Increase)/decrease in debtors				46,143 (20,789)	9,210 16,167
Increase in creditors				24,058	18,109
Net cash provided by/(used		in) operations		30,940	/56, 329)