2021-03-31-accounts

e of ACT's investment i 19) was:	n the Alpha Comm	on Investment Fund a
	Total Return	Alpha CIF's / CAIF's
		bespoke benchmark
Calendar year 2020	10.4%	6.8%
Calendar year 2019 Calendar year 2018	20.8% -4.0%	18.5% 4.9%
Calendar year 2017	10.9%	11.3%
Calendar year 2016	109%	16.6%
Calendar year 2015	3.5%	2.8%
Calendar year 2014	6.S%	8.6%

Ye	ar end fund values
The	fund values at year end were:
	Unrestricted:	112,069
	Designated:	6,138,131
	Restricted:	7,024
	Restricted Endowment:	447,420

or the year ende	d 3	1March	2021
	Note	Unrestricted	Designated	Education	Education	Total	Total
		General	Income	Restricted	Restricted	Punds	Funds
		Fund	Fund	Fund	Endowment	202'l	2020
		2021	2021	2021	Fund
					2021
Income from:
Donations &legacies	3	223,948				223,948	860,991
Investments	2		200,226		13,029	213,255	226,859
Total		223,948	200426		13,029	437203	1,087,850
Expenditure on:
Raising funds		3,584	15,082		985	19,651	39,328
Charitable activities	g	1,368,943		9,500		1,378,443	942,096
Total		1,372J27	15082	9~0	985	1,39 094	981,424
Net (expenthture)/income		1,148579	185 144	9500	12044	960891	106426
Net gains on investments	10		1,165,33]		79,649	1/44,980	(158,802)
Net (expenditure)/ income		1 14 579	1350475	9500	91693	284 089	52376
Transfers between funds		1,080,226	(1,080,226)	13,029	(13,029)
Net movement in funds		(68,353)	270,249	3,529	78,664	284,089	(52,376)
Reconciliation offunds:
Total brought forward		180,422	5,867,882	3,495	368,756	6,420,555	6,472,931
Total carried forward		112069	6 138131	7024	447 420	6704 644	6420355

For the year ended 31 March	2	02	1
				2021	2020
Cash Rows from operating activities:
Net surplus/(deficit) in year				(960,891)	106,426
Adjustment for depreciation				2 102	2 102
Net cash generated /(used) in operating		activities		(958,789)	108,528
Purchase offixed assets				0	(8,409)
Net drawdown from investments				896,067	5,751
Decrease /(increase) in debtors				43	(1,254)
Increase / (decrease) in creditors				6360	I 032
Net increase / (decrease) in cash				69039	103,584
Change in cash and cash equivalents	in	the	year	(69,039)	103,SS4
Cash and cash equivalents at the beginning			ofthe
reporting period				184,250	80,666
Cash and cash equivalents at year end				IIS,211	184250

naly	sis ofcash and cash equivalents
		2021	2020
Cash	at bank and in hand	115211	184250
Total	cash and cash equivalents	115211	184,250

			Note	Unrestricted	Designated	Education	Education	Total	Total
				General	Income	Restricted	Restricted	Funds	Funds
				Fund	Fund	Fund	Endowment	2020	2019
				2020	2020	2020	Fund
							2020
	Income from:
Donations Eclegacies			3	860,991				860,991	252,035
	Investments		2		213,838		13,021	226,859	216,899
		Total		860991	213838		13021	1087 50	468934
	Expenditure on:
	Raising funds		7	3,577	33.705		2,046	39,328	38,936
Charitable		activities	s	922,596	-	19,500		942,096	933,368
				926,173	33,705	19 00	2 046	981 24	972 04
Net gains on investments			10		(148,141)		(10,661)	(158,802)	227,605
Net (expenditure)l		income		65182	31,992	19,500	314	52 76	275 765
Transfers	between funds			213,838	(213,838)	13,021	(13,021)
				(30,000)	30,000
Irlet movement		in funds		118,656	(151,846)	(6,479)	(12,707)	(52,376)	(275,765)
Reconciliation		offunds:
Total funds	brought	forward		S1,766	6,019,728	9,974	381,463	6,472,931	6,748,S96
Total funds carried		forward		180422	5,867882	3495	368756	6420 555	472,931

ote 2:	investment income
			2021	2020
Dividends	and interest from investments		213,255	226,859
Bank account interest			0	0
		Total	213255	226859

					2021	2020
Donations					217,877	36,513
Gift Aid payment		from HMRC			2,871	2,421
Legacies					3,000	819,717
Membership	subscriptions,		in substance	donations	200	180
Donated goods and services					0	2 160
				Total	223 948	860,991

			2021	2620
Salaries			107,862	105,920
Employer's	tax &NI		7,548	8,340
Pensions			3037	2983
		Total	118447	117243
Number of	full-time staff
Number of	part-time staff

					2021	2020
Auditor's	remuneration —audit	services.			6,600	12,500
Note 7:	raising funds
		UG Fund	ER Fund	DI Fund	EREFund	Total 2021	Total 2020
		2021	2021	2021	2021
					K
London Marathon,
Justgiving,	Law Society
Gazette &	Barclaycard	3,584				3,584	3,577
Investment	manager' s
net fees.				15082	985	16067	35 751
	Total	3,584		15082	985	19,651	39328

	UG Fund	ER Fund	D!Fund	ERE Fund	Total 2021	Total 2020
	2021	2021	2021	2021
Grants	1,148,127	9,500			1,157,627	738,626
Salaries	118,447				118,447	I]7,243
Support costs —other	80,584				80,584	60,763
Support costs-
governance	21 786				21 786	25 464
Total	I 368944	9500			137 444	942 096

Note 10: f	ixed as	sets —investment	s
			Cash fund	Quoted investments	Total
Market value:	1 April 2020		57,524	6,179,114	6,236,638
Net additions	/ (disposals)			(896,067)	(896,067)
Realised and	unrealised	gains/(losses)		1,244,980	1,244,980
Net cash movement			8 122	8122	0
31March 2021			49402	6,536,149	6 85 551

ote 12: creditors: amounts	falling due within one year
	2021	2020
	f,
Other creditors	151	2,971
Accruals and deferred income	7500	11040
	7651	14011

				2021
Cost brought	forward			8,409
Additions				0
Cost carried	forward			~8409
Accumulated	depreciation	brought	forward	2, 102
Charge in year				2,102
Accumulated	depreciation	carried	forward	4,204
Net book value at 31 March 2021				4,205
Net book value at 31 March 2020				6,307

nalysis	ofnet a	ssets betwe	en funds
		Unrestricted	Designated	Education	Education	Total
		General	Income	Restricted	Restricted	Funds
		Fund	Fund	Fund	Endowment	2t121
		202I	2021	2021	Fund
					2021
Tangible fixed assets		4,205				4,205
Investments			6,138,131		447,420	6,585,551
Current assets		115,515		7,024		122,539
Current	liabilities	(7,651)				(7,651)
	Total	112069	6 138131	7024	447420	6704644
		Unrestricted	Oesignated	Education	Education	Total
		General	income	Restricted	Restricted	Funds
		Fund	Fund	Fund	Endownlnt	2020
		2020	2020	2020	Fund
					2020
					E
Tangible fixed assets		6,306
Investments			5,867,882		368,756	6,306
Current assets		188,127		3,495		6/36,638
Current	liabilities	(14,011)				191,622
						14,011
	Total	180,422	5,867~	3,495	36K,756	6,420+55