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|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%|
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|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|
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|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|
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|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|
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||||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|
##
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||||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|
##
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||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|
##
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|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|
##
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||||
|---|---|---|
|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|
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|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|