## |||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)|