# 

# 



|**Trustees**|HonMrsMRMontagu-Scott(Chairman)|
|---|---|
||MrRErrington-resigned7December2020|
||HonDrEPage|
||MrJPemberton|
||MrECSutton(Secretary)|
||MsNMartenstyn-resigned12February2020|
||MrsJNeylon-resigned17March2021|
||MrPGPower|
||MrBSurman|
||MrDAAdams-appointed9March2020|
||MsJBroomfield-appointed2April2021|
||MrMRHarris-appointed7December2020|
||MrDHickman-appointed24March2020|
||MrMShaw-appointed9March2020|
||MsSLWilliams-appointed13February2020|
|Secretary|MrECSutton|
|**Centre**manager|GilesGould|
|**Charity**number|1186656|
|**Companynumber**|11787042|
|**Principaladdress**|NewForestMuseum|
||Lyndhurst|
||Hampshire|
||S0437NY|
|**IndependentExaminer**|FianderTovellLimited|
||StagGatesHouse|
||63/64TheAvenue|
||Southampton|
||Hampshire|
||S0171XS|
|Bankers|LloydsTSB pic|
||39HighStreet|
||Lymington|
||Hampshire|
||S0419ZF|
|**Investmentadvisors**|Sanlam|
||SolentHouse|
||CannonStreet|
||Lymington|
||Hampshire|
||S0419BR|








## 



## 

## 

## 

## 

## 



## 

## 

## 

## 



## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 



## 



## 

## 

## 

## 



## 

## 

## 

|||**Unrestricted**|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|
|||**funds**|**funds**|fund|2021|2020|
||Notes|<br>**£**|**£**|**£**|**£**|**£**|
|**Incominq**resources|||||||
|Incomingresourcesfrom:|||||||
|Donationsandlegacies|3|212,803|139,550|-|352,353|93,533|
|Charitableactivities|6|1,265|**.**|<br>**.**|1,265|15,072|
|Other tradingactivities|4|115,075|**.**|<br>-|115,075|259,198|
|Investments|5|2|**.**|<br>22,222|22,224|31,472|
|Otherincdfhingresources|**7**|47,095|-|-|47,095|8,229|
|**Totalincomingresources**||376,240|139,550|22,222|538,012|407,504|
|Resourcesexpended|||||||
|Expenditureon:|||||||
|Raisingfunds||141,258|_|**.**|141,258|223,493|
|Charitableactivities|8|184,394|60,345|-|244,739|266,323|
|Totalresourcesexpended||325,653|60,345|-|385,998|489,816|
|**Netincome/(expenditure)for**|**theyear/**||||||
|**Netincoming/(outgoing)resources**|||||||
|**beforegains/lossesoninvestments**||50,587|79,205|22,222|152,014|(82,312)|
|Otherrecognisedgainsand**losses**|||||||
|Gains/(losses)oninvestments||-|-|13,786|13,786|113,036|
|(Losses)/gainsonrevaluationoffixed||-|-|-|-|-|
|assets|||||||
|**Netincoming/(outgoing)**|||||||
|resourcesbeforetransfers||50,587|79,205|36,008|165,800|30,724|
|Transfersbetweenfunds||80,035|(35,822)|<br>(44,213)|-|-|
|**Netmovementinfunds**||130,622|43,383|(8,205)|165,800|30,724|
|Fundbalancesat1February2020||293,433|1,399,138|1,105,324|2,797,895|2,767,171|
|**Fundbalancesat31January**|**2021**|424,055|1,442,521|1,097,119|2,963,695|2,797,895|





## 

## 

## 

|||**Group**|**Group**|**Charity**|**Charity**|
|---|---|---|---|---|---|
|||**2021**|**2020**|**2021**|**2020**|
||**Notes**|£|£|£|£|
|Fixedassets||||||
|Tangibleassets|14|1,516,641|1,487,254|1,517,301|1,485,633|
|Heritageassets|**15**|9,000|9,000|9,000|9,000|
|Intangibleassets|**16**|6,129|6,662|6,129|6,662|
|Investments|17|1,058,874|1,073,378|1,058,876|1,073,380|
|||2,590,644|2,576,294|2,591,306|2,574,675|
|**Currentassets**||||||
|Stocks|18|37,641|28,515|2,147|2,220|
|Debtors|19|15,630|23,404|16,105|20,472|
|Cashatbankandinhand||346,518|208,910|292,430|108,835|
|||399,789|260,829|310,682|131,527|
|**Creditors:amountsfallingduewithin**||||||
|**oneyear**|**20**|(26,738)|(39,228)|(16,274)|(27,135)|
|**Netcurrentassets**||373,051|221,601|294,408|104,392|
|**Totalassetslesscurrentliabilities**||2,963,695|2,797,895|2,885,714|2,679,067|
|Netassets||2,963,695|2,797,895|2,885,714|2,679,067|
|**Incomefunds**||||||
|Restrictedfunds|23|1,442,521|1,399,138|1,442,521|1,399,138|
|Endowmentfunds|24|1,097,119|1,105,324|1,097,119|1,105,324|
|Unrestricted funds|**25**|424,055|293,433|346,074|174,605|
|||2,963,695|2,797,895|2,885,714|2,679,067|





## 

## 

## 



## 

## 

## 

||**2021**||**2020**||
|---|---|---|---|---|
||£|£|£|£|
|Cashflowsfromoperating**activities:**|||||
|Netcashprovided by/(usedin)operatingactivities||132,736||(99,690)|
|**Cashflowsfrominvestingactivities:**|||||
|Investmentincome|22,224||31,472||
|Purchaseofproperty,plantandequipment|(40,782)||(7,389)||
|Purchaseof intangiblefixedassets|(4,860)||(1,620)||
|Purchaseofinvestments|(668,564)||(282,953)||
|Movementincashtradingaccountwithininvestmentportfolio|(24,374)||(31,395)||
|Proceedsfromsaleofinvestments|721,228||328,272||
|Netcashprovidedby/(usedin)investingactivities||4,872||36,387|
|Changeincashand**cash**equivalents||137,608||(63,303)|
|**Cashandcashequivalentsatthebeginningofthereporting**||208,910||272,213|
|**Cash**andcash**equivalents**attheendofthe**reporting**|period|346,518||208,910|
|Reconciliationofnetincome/(expenditure)tonetcashflowfromoperatingactivities|||||
|Netincome/(expenditure)forthereportingperiod||165,800||30,724|
|Adjustmentsfor:|||||
|Depreciationcharges||11,395||8,256|
|Amortisationcharges||324||1,294|
|Investmentincome||(22,224)||(31,472)|
|(lncrease)/decreaseinstock||(9,126)||2,005|
|(Increase)/decreaseindebtors||7,774||(4,073)|
|lncrease/(decrease)increditors||(12,490)||6,612|
|(Gains)/lossesontangiblefixedassets|||||
|(Gains)/lossesonintangiblefixedassets||5,069||-|
|(Gains)/lossesoninvestments||(13,786)||(113,036)|
|Netcashprovided by/(usedin)operatingactivities||132,736||(99,690)|





## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

|3|Donationsandlegacies||||||
|---|---|---|---|---|---|---|
|||Unrestricted|Restricted||||
|||funds|funds||2021|2020|
|||£||£|£|£|
||Donations|17,012||-|17,012|27,583|
||Grantsreceivable:||||||
||NewForest DistrictCouncil|-||**.**|**.**|12,500|
||NewForestDistrictCouncil-Covid19|17,571||-|17,571|**.**|
||TheRetaLilaHowardFoundation|-|17,000||17,000|17,000|
||NewForestCommoningTrust-LibraryProject|**.**|<br>30,000||30,000|-|
||Barker-MillFoundation|-||-|-|10,000|
||CliveBowring Trust|-||-|-|6,000|
||Beaulieu Beaufort-CapitalFundRaiser|-|22,000||22,000|-|
||CarolineMontaguWestonFund|-|15,000||15,000|20,000|
||CarolineMontaguWestonFund-Covid19|25,000||-|25,000|-|
||GarfieldWeston-Covid19|25,000||-|25,000|-|
||JohnBrewer|-||-|-|200|
||WMPease|-||-|-|250|
||NationalHeritageLotteryGrant-Covid19|48,500||-|48,500|-|
||NFTrustGrant|2,500||-|2,500|-|
||NationalLotteryCultureRecoveryFund-Covid1£|<br>77,220||-|77,220|-|
||RuralDevelopmentProgrammeforEngland|-|31,550||31,550|-|
||-LeaderGrant||||||
||ButterfieldTrust|-|24,000||24,000|-|
|||212,803|139,550||352,353|93,533|
||Thebreakdownofthecomparativefigurebetweenfundsisas||follows:||||
||Donationsandlegacies|50,223|43,310||93,533||
||**Othertradingactivities**||||||
||||||2021|2020|
||||||£|£|
||Hireofrooms andequipment||||135|1,747|
||Hireofvisitorinformationcentre||||7,045|11,980|
||Salesofbooks||||249|586|
||Incomefromtradingsubsidiary(saleofgoods)||||107,646|244,885|
||**Incomefrom othertradingactivities**||||115,075|259,198|





NEW FOREST HERITAGE TRUST
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2021
Page 16

## 

## 

## 

|**5**|**Investmentincome**|||||
|---|---|---|---|---|---|
|||**Unrestricted**|**Endowment**|||
|||funds|fund|2021|2020|
|||||£|£|
||Interestreceivable|2||2|311|
||Investmentportfolioincome||22,222|22,222|31,161|
|||2|22,222|22,224|31,472|
||Thebreakdownofthecomparativefigurebetweenfundsisas||follows:|||
||Investmentincome|311|31,161|31,472||
||**Incomefromcharitableactivities**|||||
|||**Unrestricted**|**Restricted**|2021|2020|
|||funds|funds|£|£|
||Incomefrommuseumandteaching|1,265|-|1,265|15,072|
||Charitableactivitiesrelateswhollytounrestrictedfundsforboththecurrentandpreviousyear.|||||



## 

||Unrestricted|**Restricted**|2021|2020|
|---|---|---|---|---|
||**funds**|**funds**|£|£|
|Royaltiesandsundryincome|4,055|-|4,055|8,229|
|Grantsreceivable-CJRS|43,040||43,040||
||47,095|**.**|47,095|8,229|



## 

|||||**2021**|**2020**|
|---|---|---|---|---|---|
||**Direct**|**Support**|**Governance**|||
||**costs**|costs|costs|Total|Total|
||**£**|**£**|**£**|**£**|**£**|
|Museumandlibrary|29,040|129,537|19,274|177,851|164,716|
|Educationandpromotion|6,112|52,516|8,260|66,888|101.607|
||35,152|182,053|27,534|244,739|266,323|
||||||Page17|





## 

## 

## 

|||||**2021**|**2020**|
|---|---|---|---|---|---|
|||**Education**||||
||**Museum**|**and**||**Total**|**Total**|
|Costtype|**andlibrary**|**promotion**|**Grants**|**allocated**|**allocated**|
||£|£|£|£|£|
|Ratesandwater|1,267|413|**.**|1,680|9,998|
|Light,heatandinsurance|9,789|3,196|-|12,985|8,561|
|Repairs|18,308|5,976|-|24,284|21,988|
|Staffcosts|63,832|27,356|-|91,188|72,852|
|Travel|156|67|-|223|689|
|Depreciation|6,857|2,939|-|9,796|6,125|
|Depreciation-assetsfromshop||||||
|andmuseumrefurbishmentfund|1,119|480|**.**|1,599|2,132|
|Amortisation|227|97|**.**|324|1,294|
|Lossondisposalofintangibles|3,548|1,521|-|5,069|-|
|Telephone|2,444|1,047|-|3,491|9,218|
|Advertisingandpromotion|5,248|2,249|-|7,497|11,468|
|Officecosts|16,742|7,175|-|23,917|16,589|
||129,537|52,516|-|182,053|160,914|



## 

|||||**2021**|**2020**|
|---|---|---|---|---|---|
|||Education||||
||**Museum**|and|Raising|**Total**|Total|
||**andlibrary**|**promotion**|**funds**|**allocated**|**allocated**|
||**£**|**£**|**£**|**£**|**£**|
|Bookkeeping|5,667|2,428|7,820|15,915|17,030|
|Auditor/Independent examiner'sfees|2,268|972|2,700|5,940|6,058|
|Interestpayable|11,339|4,860|-|16,199|11,090|
|Investmentportfoliomanagementfees|-|-|6,061|6,061|6,115|
||19,274|8,260|16,581|44,115|40,293|



||**2021**|**2020**|
|---|---|---|
||**£**|**£**|
|Independentexamination|3,240|2,625|
|Otherservices|2,700|3,433|
||5,940|6,058|





## 

## 

## 

## 

||Unrestricted|Restricted||
|---|---|---|---|
||**funds**|funds|Total|
||£|£|£|
|Raisingfunds|223,493|**.**|223,493|
|Charitableactivities|226,794|39,529|266,323|
||450,287|39,529|489,816|



## 

## 

|**Numberofemployees**<br>Theaveragenumberofemployeesduringtheyear|was:||
|---|---|---|
||**2021**|2020|
||**Number**|**Number**|
|Museumstaff|6|6|
|Librarystaff|1|1|
|Educationstaff|-|1|
|Shopstaff|9|10|
||16|18|
|Parttime|12|15|
|Fulltime|4|3|
||16|18|
|Fulltimeequivalents|7|8|
|**Employmentcosts**|||
||2021|**2020**|
||£|£|
|Wagesandsalaries|168,174|202,464|
|Socialsecuritycosts|6,937|10,424|
|Otherpensioncosts|4,754|6,350|
||179,865|219,238|





## 

## 

## 

## 

## 

|**Group**|Leasehold||**Equipment,**||Paintings||
|---|---|---|---|---|---|---|
||**&freehold**||**furniture**||**and**||
||**property**|**Land**|**anddisplay**|**Library**|**artefacts**|**Total**|
||**£**|**£**|**£**|**£**|**£**|**£**|
|**CostorValuation**|||||||
|At1February2020|1,400,000|5,250|198,193|45,266|21,738|1,670,447|
|Additions|5,194||35,588|||40,782|
|Disposals|||||||
|Revaluations|||||||
|At31January2021|1,405,194|5,250|233,781|45,266|21,738|1,711,229|
|**Depreciation**|||||||
|At1February2020|-|-|183,193|||183,193|
|Ondisposals||||-|-||
|Chargeforyear|||11,395|||11,395|
|At31January2021|-|-|194,588|-|-|194,588|
|Net**Book**Value|||||||
|At31January2021|1,405,194|5,250|39,193|45,266|21,738|1,516,641|
|At1February2020|1,400,000|5,250|15,000|45,266|21,738|1,487,254|





## 

## 

## 

||Charity|Leasehold||Equipment,||Paintings||
|---|---|---|---|---|---|---|---|
|||&freehold||furniture&||and||
|||property|Land|display|Library|artefacts|Total|
|||£|£|£|£|£|£|
||CostorValuation|||||||
||At1February2020|1,400,000|5,250|51,812|45,266|21,738|1,524,066|
||Additions|5,194|-|35,588|-|-|40,782|
||Disposals|-|-|-||-|-|
||Revaluations|-|-|-|-|-|-|
||At31January2021|1,405,194|5,250|87,400|45,266|21,738|1,564,848|
||Depreciation|||||||
||At1February2020|-|-|38,433|-|-|38,433|
||Ondisposals|-|-|-|-|-|-|
||Chargeforyear|-|-|9,114|-|-|9,114|
||At31January2021|-|-|47,547|-|-|47,547|
||NetBookValue|||||||
||At31January2021|1,405,194|5,250|39,853|45,266|21,738|1,517,301|
||At1February2020|1,400,000|5,250|13,379|45,266|21,738|1,485,633|
|15|Heritageassets|||||||
|||||||Group|Charity|
|||||||**2021**|**2021**|
|||||||£|£|
||CostandNetBook|Value||||||
||At1February2020|||||9,000|9,000|
||Additions|||||-|-|
||At31January2021|||||9,000|9,000|





## 

## 

## 

## 

## 

|||**Website**||
|---|---|---|---|
|||costs|**Total**|
|||**£**|**£**|
|Cost||||
|At1February2020||7,956|7,956|
|Additions||4,860|4,860|
|Disposals|-|<br>6,336-|6,336|
|At31January2021||6,480|6,480|
|Depreciation||||
|At1February2020||1,294|1,294|
|Ondisposals|-|<br>1,267-|1,267|
|Charge foryear||324|324|
|At31January2021||351|351|
|**NetBookValue**||||
|At31January2021||6,129|6,129|
|At1February2020||6,662|6,662|





## 

## 

## 

## 

|**Fixedassetinvestments**||||
|---|---|---|---|
||Quoted**investments**|||
||**Cashtrading**|||
||account|Shares|Total|
||£|£|£|
|Marketvalueat1February2020|39,460|1,033,918|1,073,378|
|Acquisitionsatcost|(668,564)|668,564|-|
|Disposalsinyear|711,284|(711,284)|-|
|Income|22,222|-|22,222|
|Realisedgain|9,944|-|9,944|
|Managementcharge|(6,060)|-|(6,060)|
|Drawdownofcash|(44,452)|-|(44,452)|
|Changeinvaluefortheyear|-|3,842|3,842|
|Marketvalueat31January2021|63,834|995,040|1,058,874|
|Historiccost:||||
|At31January2021|63,834|901,823|965,657|
|At31January2020|39,460|877,561|917,021|



|Stock|||||
|---|---|---|---|---|
||Group||Charity||
||2021|2020|2021|2020|
||£|£|£|£|
|Goodsforresale|37,641|28,515|2,147|2,220|
||37,641|28,515|2,147|2,220|



## 

|**Debtors**|||||
|---|---|---|---|---|
||**Group**||**Charity**||
||**2021**|2020|2021|2020|
||£|£|£|£|
|Tradedebtors|1,350|220|1,315|220|
|Amountsowedbygroup undertakings|-|-|510|-|
|Otherdebtors|7,596|11,705|7,596|11,705|
|Prepaymentsandaccruedincome|6,684|11,479|6,684|8,547|
||15,630|23,404|16,105|20,472|





## 

## 

## 

||Group||Charity||
|---|---|---|---|---|
||**2021**|**2020**|**2021**|**2020**|
||£|£|£|£|
|Amountsowedtogroupundertakings|**.**|-|-|986|
|Tradecreditors|3,995|17,898|3,654|14,484|
|Taxesandsocial securitycosts|5,295|7,486|3,420|2,188|
|Accruals|17,448|13,846|9,200|9,477|
||26,738|39,228|16,274|27,135|



||**Group**||**Charity**||
|---|---|---|---|---|
||**2021**|**2020**|**2021**|**2020**|
||£|£|£|£|
|Deferredincomebroughtforward|-|-|-|-|
|Releasedinyear|....||||
|Incomedeferred|....||||
|Deferredincomecarriedforward|||||



## 

|**Financialinstruments**|||||
|---|---|---|---|---|
||**Group**||**Charity**||
||**2021**|**2020**|**2021**|**2020**|
||**£**|**£**|**£**|**£**|
|Carryingamountoffinancialassets|||||
|Equityinstrumentsmeasuredatfairvalue|1,058,874|1,073,378|1,058,874|1,073,378|



## 



## 

## 

## 

## 

|Restrictedfunds|||||||
|---|---|---|---|---|---|---|
||||**Movement**|**infunds**|||
|||||**Resources**|||
|||Balanceat||**expended/**||Balanceat|
|||1February|Incoming|Investment||31**January**|
|||2020|**resources**|**losses**|Transfers|2021|
|Notes||£|£|£|£|£|
|Buildingfund|i)|1,354,228|-||-|1.354,228|
|RetaLilaHowardfund|ii)|13,142|17,000|(6,398)|-|23,744|
|Beauiieu Beaufort|iii)|-|22,000|(18,989)|-|3,011|
|JohnBurrylibraryfund|iv)|5,213|-|(780)|(4,433)|-|
|Libraryfund|v)|1,500|-|(1,061)|(439)|-|
|OliverCrosthwaite-Eyrefund|vi)|1,958|-|(1,958)|-|-|
|NPAtransition|vii)|<br>36|-|-|(36)|-|
|FBLaurencefund|viii)|<br>3,000|-|(3,000)||-|
|Masterplan|ix)|10,061|-|(4,001)|(6,060)|-|
|CarolineMontagu|x)|10,000|15,000|(5,256)|(914)|18,830|
|Westonfund|||||||
|Libraryproject|xi)|<br>-|85,550|(18,902)|(23,940)|42,708|
|||1,399,138|139,550|(60,345)|(35,822)|1,442,521|



## 



## 

## 

## 

## 

||**Balanceat**|**Movement**in**funds**|**Movement**in**funds**||Balanceat|
|---|---|---|---|---|---|
||**1February**|**Incoming**|**Resources**||**31January**|
||**2019**|resources|**expended**|**Transfers**|**2020**|
||E|||£|£|
|Buildingfund|1,354.228||||1,354.228|
|Collections assistant|14||(14)|||
|RetaLilaHowardfund|2,885|17,000|(6,743)||13,142|
|Barker-MillFoundation|11,317|10,000|(21,317)|||
|AIMS|2,981|||(2,981)||
|JohnBurrylibraryfund|5,213||||5,213|
|HLFtransitionfund|9,231|||(9,231)||
|HLF-3|10,000|||(10,000)||
|Libraryfund|1,500||||1,500|
|CarolineMontagu||10,000|||10,000|
|WestonFund||||||
|Masterplan||6,310|(10,691)|14,442|10,061|
|OliverCrosthwaite-Eyrefund|1,958||||1,958|
|NPAtransition|800||(764)||36|
|FBLaurencefund|3,000||||3,000|
||1,403,127|43,310|(39,529)|(7,770)|1,399,138|



|**24**|**Endowmentfund**|||||||
|---|---|---|---|---|---|---|---|
||||Movement**infunds**|||||
|||Balance**at**|||**Investment**||**Balanceat**|
|||**1February**|**Incoming**|Resources|**gains/**||**31January**|
|||2020|resources|**expended**|**(losses)**|Transfers|**2021**|
|||£|£|**£**|£|£|**£**|
||Expendable|||||||
||endowmentfund|1,105,324|22,222||13,786|(44,213)|1,097,119|





## 

## 

## 

## 

|**Unrestrictedfunds**|||||||
|---|---|---|---|---|---|---|
|||**Movement**|**infunds**||||
||Balanceat|||**Investment**||Balanceat|
||**1**February|**Incoming**|Resources|gains/||31January|
||**2020**|**resources**|**expended**|**(losses)**|**Transfers**|2021|
||**£**|£|£||£|**£**|
|Unrestricted funds|293,433|376,240|(325,653)||80,035|424,055|
||293,433|376,240|(325,653)||80,035|424,055|



## 

||**Unrestricted**|**Restricted**|**Endowment**||
|---|---|---|---|---|
||**funds**|**funds**|<br>**funds**|**Total**|
||**£**|**£**|<br>**£**|**£**|
|Fundbalancesat31January2021 arerepresentedby:|||||
|Tangiblefixedassets|162,413|1,354,228|-|1,516,641|
|Intangiblefixedassets|6,129|-|-|6,129|
|Heritageassets|9,000|-|-|9,000|
|Investments|-|-|1,058,874|1,058,874|
|Othernetassets|26,533|-|-|26,533|
|Bankandcash|219,980|88,293|38,245|346,518|
||424,055|1,442,521|1,097,119|2,963,695|
|Fund balancesat31January2020arerepresentedby:|||||
|Tangiblefixedassets|133,026|1,354,228|-|1,487,254|
|Intangiblefixedassets|6,662|-|-|6,662|
|Heritageassets|9,000|-|-|9,000|
|Investments|-|-|1,073,378|1,073,378|
|Othernetassets|12,691|-|-|12,691|
|Bankandcash|132,054|44,910|31,946|208,910|
||293,433|1,399,138|1,105,324|2,797,895|



## 

||**Groupand**|**charity**|
|---|---|---|
||**2021**|**2020**|
||**£**|**£**|
|Withinoneyear|1,452|1,718|
|Between twoandfiveyears|755|2,049|
||2,207|3,767|
|Leasepaymentsrecognisedas anexpenseduringtheyear|1,693|963|





## 

## 

## 

## 

## 

||**2021**|**2020**|
|---|---|---|
||**£**|**£**|
|Turnover|107,646|244,885|
|Staffcosts|(60,840)|(62,878)|
|Otheroperatingcosts|(75,225)|(151,562)|
|Rentpaidtoparent|(5,000)|(5,000)|
|Donationtoparentcharity|(23,786)|(47,223)|
|Netprofit/(loss)|(39,248)|(21,778)|



|Assets|94,678|137,630|
|---|---|---|
|Liabilities|(15,771)|(19,475)|
|Reserves|78,907|118,155|



## 



## 

## 

## 

## 

## 

||1**February**||**31January**|
|---|---|---|---|
||2020|**Cashflows**|**2021**|
|Cashatbankandinhand|208,910|137,608|346,518|