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|---|---|---|---|
|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|
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||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|
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||||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|
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|||||||2021|2020|
|---|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Endowment|Total|Total|
||||funds
6|funds
F|funds
6|funds
f|funds|
|Donations
Grants|and|gifts|6,239
110,092|705||6,944
110,092|10,913|
||||116,331|705||117,036|10,913|
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|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|
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|||||2021|2020|
|---|---|---|---|---|---|
|||Activity||||
|Fees|receivable|Charitable|activities|1,714,562|1,809,990|
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|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|
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|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|
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|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 number
of employees|whose|employee|benefits|(excluding|employer|pension|costs) exceeded|
|---|---|---|---|---|---|---|---|
|F60,000was:||||||||
|||||||2021|2020|
|F60,001 - F70,000|||||||1|
|F70,001 - 280,000||||||||
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|FIXEDASSET INVESTMENTS||
|---|---|
||Listed|
||investments|
||F|
|MARKET VALUE||
|At 1 April 2020
Additions|924,049
756,836|
|Disposals
Revaluations|(715,501)
111,422|
|At 31 March 2021|1,076,806|
|NET BOOK VALUE||
|At 31 March 2021|1,076,606|
|At 31 March 2020|924,049|
||||Listed|
|---|---|---|---|
||||investments|
||||8|
|Valuation|in|2021|111,422|
|Valuation|in|2020|(82,700)|
|Valuation|in|2019|59,486|
|Valuation|in|2018|18,569|
|Valuation|in|2017|172,321|
|Cost|||797,708|
||||1,076,806|
||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|
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||||||2021|2020|
|---|---|---|---|---|---|---|
|||||||f|
|Foundation|endowment||||3,750,308|3,743,949|
|Prize funds|||||41,826|37,151|
|Scholarship|funds||||420,268|372,539|
||||||4,212,402|4,153,639|
|Restricted|funds||||||
||||||2021|2020
f|
|Income arising||on prize|funds||6,945|5,173|
|Income arising||on scholarship||funds|40,709|30,814|
|Queen
Mary's||Grammar|School development||||
|campaign
and||parental|funding||14,384|13,268|
|Mrs Richardson||legacy|for the|benefit of Queen|||
|Mary's
High|School||||8,050|8,050|
||||||70,088|53,705|
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|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)|
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||F|F|F|OR THE YEAR ENDED|
31 MARCH 2021|||
|---|---|---|---|---|---|---|---|
|24..|ANALYSIS OF CHANGES|||IN NET FUNDS||||
||||||At 1/4/20|Cash flow|At 31/3/21|
|||||||6||
||Net cash|||||||
||Cash at bank and|in hand|||711,274|105,536|816,810|
||||||711,274|105,536|816,810|
||Debt|||||||
||Debts falling due|within|1 year||(700,000)|670,931|(29,069)|
||Debts falling due|after|1 year|||(763,046)|(763,046)|
||||||(700,000)|~92,115)|(792,115)|
||Total||||11,274|13,421|24,695|
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