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2021-03-31-accounts

Page
Report ofthe Trustees 1 to 5
Independent
Examiner's
Report
Statement of Financial Activities
Balance Sheet
Notes to the FinancIal Statements 9 to 17
Detailed Statement of Financial Activities 18 to 19

31/3/21 31/3/20
Unrestricted Restricted Total Total
funds funds funds funds
Notes E E E E
INCOME AND ENDOWMENTS FROM
Charitable
activities
Charitable
activities		 10,543 10,543 47,783
Other trading
activities		 2,545 2,545 13,065
Investment
income		 73,465 73,465 92,416
Other income 26,415 26,415
Total 112,968 112,968 153,264
EXPENDITURE ON
Raising funds 25
Charitable
activities
Charitable
activities		 151,823 151,823 183,413
Total 151,823 151,823 183,438
Net gains/(losses)
on investments		 369,066 369,066 (145,197)
NET INCOME/(EXPENDITURE) 330,211 330,211 (175,371)
RECONCILIATION
OF FUNDS
Total funds brought forward 4,944,199 4,944,199 5,119,570
TOTAL FUNDS CARRIED FORWARD 5,274,410 5,274,410 4,944,199

31/3/21 31/3/20
Notes 6 E
FIXEDASSETS
Tangible assets 11 405 811
Investments 12 3,676,925 2,114,552
3,677,330 2,115,363
CURRENT ASSETS
Debtors 13 12,727 10,974
Cash at bank 1,617,930 2,846,574
1,630,657 2,857,548
CREDITORS
Amounts
falling due within		 one year 14 (33,577) (28,712)
NET CURRENT ASSETS 1,597,080 2,828,836
TOTAL ASSETS LESSCURRENT LIABILITIES 5,274,410 4,944,199
NET ASSETS 5,274,410 4,944,199
FUNDS 16
Unrestricted funds 5,274,410 4,944,199
TOTALFUNDS 5,274,410 4,944,199
The financial statements were approved by the Board of Trustees and authorised )as(&~t
for issue on .............,.....,.7...„.„„„„„„„.
. and
were signed on its behalf by:

OTHER TRADING ACTIVITIES OTHER TRADING ACTIVITIES
31/3/21 31/3/20
E E
Room hire - Weddings / parties 2,425 10,020
Room hire - Business / conferences 120 3,045
2,545 13,065
INVESTMENT INCOME
31/3/21 31/3/20
E f
Other fixed asset invest —Fll 71,429 80,758
Other
fixed asset inv - UnFII		 341 1,691
Deposit account interest 7 8
Interest receivable
on investments		 1,688 9,959
73,465 92,416
INCOME FROM CHARITABLE ACTIVITIES
31/3/21 31/3/20
Ac'tlvlty f E
The Academy
- Dance Studio		 Charitable activities 7,730 28,577
The Academy
-Art School		 Charitable activities 2,237 18,525
Miscellaneous
income		 Charitable activities 576 681
10,543 47,783

Other trading activities
Function
catering
Other tra ding activities
31/3/21 31/3/20
E E
Function catering 25
CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities
Direct (see note Support
Costs
E		 7)f costs
f		 Totals
E
Charitable activities 53,270 83,040 15,513 151,823
GRANTS PAYABLE
31/3/21 31/3/20
f f
Charitable activities 83,040 62,670
The total grants paid to institutions during the year was as follows:
31/3/21 31/3/20
f E
Barnabas Fund 1,000
Welcome Centre 15,000 15,000
Worth Unlimited 4,000
Martin Saint Classical High School 66,040 33,020
Huddersfield
MS		 4,000
Ark Church 5,000
81,040 62,020

31/3/21 31/3/20
Art School 1
Gallery 1

COMPARA TIVES
FOR THE STA		 TEMENT OF FINANCIAL A CTIVITIES
Unrestricted Restricted Total
funds funds funds
E E E
INCOME AND ENDOWMENTS FROM
Charitable activities
Charitable activities 47,783 47,783
Other trading
activities		 13,065 13,065
Investment income 92,416 92,416
Total 153,264 153,264
EXPENDITURE ON
Raising funds 25 25
Charitable activities
Charitable activities 183,413 183,413
Total 183,438 183,438
Net gains/(losses)
on investments		 (145,197) (145,197l

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
funds funds funds
E E E
NET INCOME/(EXPENDITURE) (175,371) (175,371)
RECONCILIATION
OF FUNDS
Total funds brought forward 5,119,570 5,119,570
TOTAL FUNDS CARRIED FORWARD 4,944,199 4,944,199
TANGIBLE FIXEDASSETS
Improvements Fixtures
to and
property
f		 fittings
f		 Totals
f
COST
At 1st April 2020 and 31st March 2021 189,795 402,387 592,182
DEPRECIATION
At 1st April 2020 189,795 401,576 591,371
Charge for year 406 406
At 31st March 2021 189,795 401,982 591,777
NET BOOK VALUE
At 31st March 2021 405
At 31st March 2020 811 811

FIXEDASSET INVESTMENTS FIXEDASSET INVESTMENTS
Listed Unlisted
investments investments Totals
E E E
MARKET VALUE
At 1st April 2020 2,064,302 50,250 2,114,552
Additions 2,890,520 2,890,520
Disposals (1,620,062) (1,620,062)
Revaluations 291,915 291,915
At 31st March 2021 3,626,675 50,250 3,676,925
NET BOOK VALUE
At 31st March 2021 3,626,675 50,250 3,676,925
At 31st March 2020 2,064,302 50,250 2,114,552
Investments
held		 outside ofthe UK 960,961 960,961
investments
held		 within the UK 2,665,714 50,250 2,665,714
Cost or valuation at 31st March 2021 is represented by:
Listed Unlisted
investments investments Totals
E E E
Cost 3,626,675 50,250 3,676,925

DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/21 31/3/20
E E
Trade debtors 5,427 4,275
VAT 2,803 2,212
Prepayments 4,497 4,487
12,727 10,974

14. CREDITORS: AMOUNTS CREDITORS: AMOUNTS CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/21 31/3/20
f E
Trade creditors 16,145 952
Taxation
and		 social security (29)
Other creditors 17,432 27,789
33,577 28,712
15. ANALYSIS OF NET ASSETS BETWEEN FUNDS
31/3/21 31/3/20
Unrestricted Restricted Total Tota I
funds funds funds funds
E E E E
Fixed assets 405 405 811
Investments 3,676,925 3,676,925 2,114,552
Current assets 1,630,657 1,630,657 2,857,548
Current
liabilities		 (33,577) (33,577) (28,712)
5,274,410 5,274,410 4,944,199
16. MOVEMENT IN FUNDS
Net
movement At
At 1/4/20 in funds 31/3/21
E E E
Unrestricted funds
General fund 4,944,199 330,211 5,274,410
TOTAL FUNDS 4,944,199 330,211 5,274,410
Net movement in funds, included in the above are as follows:
Incoming Resources Gains and Movement
resources expended losses in funds
f E E E
Unrestricted funds
General fund 112,968 (151,823) 369,066 330,211
TOTAL FUNDS 112,968 (151,823) 369,066 330,211

Net
movement At
At 1/4/19 in funds 31/3/20
E f E
Unrestricted funds
General fund 5,119,570 (175,371) 4,944,199
TOTALFUNDS 5,119,570 (175,371) 4,944,199
Incoming Resources Gains and Movement
resources expended losses in funds
E f f f
Unrestricted funds
General fund 153,264 (183,438) (145,197) (175,371)
TOTAL FUNDS 153,264 (183,438) (145,197) (175,371)
Net
movement At
At 1/4/19 in funds 31/3/21
E E E
Unrestricted funds
General fund 5,119,570 154,840 5,274,410
TOTAL FUNDS 5,119,570 154,840 5,274,4'10

Incoming Resources Gains and Movement
resources expended lasses in funds
E f E E
Unrestricted funds
General fund 266,232 (335,261) 223,869 154,840
TOTALFUNDS 266,232 (335,261) 223,869 154,840

31/3/21 31/3/20
E E
INCOME AND ENDOWMENTS
Other trading activities
Room hire
—Weddings		 / parties 2,425 10,020
Room hire - Business / conferences 120 3,045
2,545 13,065
Investment
income
Other fixed asset invest - Fll 71,429 80,758
Other
fixed asset inv -		 UnFII 341 1,691
Deposit account interest 7 8
Interest receivable
on investments		 1,688 9,959
73,465 92,416
Charitable
activities
The Academy
- Dance Studio		 7,730 28,577
The Academy
—Art School		 2,237 18,525
Miscellaneous
income		 576 681
10,543 47,783
Other income
Covid grant &JRS 26,415
Total incoming resources 112,968 153,264
EXPENDITURE
Other trading activities
Function catering 25
Charitable
activities
Wages, tutors etc 10,706 16,903
Rates and water 2,560 2,520
Insurance 3,077 3,084
Light and heat 9,108 14,347
Telephone 2,736 2,705
Sundries 90 1,349
Carried forward 28,277 40,908

31/3/21 31/3/20
E 6
Charitable
activities
Brought forward 28,277 40,908
Rent 14,325 56,900
Repairs and maintenance 657 622
Cleaning 400 1,418
Professional
costs		 4,055 891
Purchases 5,150 3,943
Fixtures and fittings 406 405
Grants to institutions 81,040 62,020
Grants to individuals 2,000 650
136,310 167,757
Support costs
Governance
costs
Accountancy 3,460 3,380
Stockbroker
management		 fees 12,053 12,276
15,513 15,656
Total resources expended 151,823 183,438
Net expenditure
before gains and losses		 (38,855) (30,174)
Realised recognised gains and losses
Realised gains/(losses) on fixed asset investments 77,151 (16,937)
Net income/(expenditure) 38,296 (47,111)