2020-09-02-accounts

			Page
Report ofthe Trustees		1	to	6
Report ofthe Independent Auditors		7	to	8
Statement ofFinancial	Activities
Statement ofFinancial	Position
Statement ofCash Flows
Notes to the Statement	ofCash Flows		12
Notes to the Financial	Statements	13	to	22

Reserve Funds are as follows:
Endowment Fund	17,397,048
Restricted funds
-Prize funds and bequests	122,358
Unrestricted funds
-Reserve fund	6,082,908
-Rest Homes fund	3,214,583
- Property repair fund	6781417
	33,598,314

							Period	Period
							5.9.19	7.9.18
							to	to
							2.9.20	4.9.19
				Unrestricted	Restricted	Endowment	Total	Total
				funds	fund	fund	funds	funds
			Notes
INCOME AND
ENDOWMENTS	FROM
Donations and legacies			2	18,530			18,530	138
Other trading activities			3	1,152,109			1,152,109	1,405,372
Investment income			4	261,007	3,325		264 332	300 754
Total				1,431,646	3,325		1,434,971	1,706,264
EXPENDITURE	ON
Raising funds				38,354			38,354	35,643
Charitable activities
Grants payable				343,760			343,760	434,743
Running costs, HTH		Academy
management Ec admin		& invest
property repairs				1,006,659			1006,659	1,195,317
Total				1,388,773			1,388,773	1,665,703
Net gains/(losses) investments	on			~39455))	2 704	~3,128,848)	~3,520695)	~233,702)
NET
INCOME/(EXPENDITURE)				(351,678)	6,029	(3,128,848)	(3,474,497)	(193,141)
RECONCILIATION		OF
FUNDS
Total funds brought		forward		16,430,585	116,329	20,525,896	37,072,810	37,265,951
TOTAL FUNDS CARRIED
FORWARD				16,078907	122,358	17,397,048	33,598,313	37072 810

		2020	2019
		Total	Total
		funds	funds
	Notes
FIXEDASSETS
Tangible assets		8,402,052	8,605,177
Investments
Investments	12	9,858,675	10,388,617
Investment property	13	14,992,000	17,502 000
		33,252,727	36,495,794
CURRENT ASSETS
Debtors	14	104,966	171,103
Cash at bank and in hand		436954	587 784
		541,920	758,887
CREDITORS
Amounts falling due within one
year	15	(196,334)	(181,871)
NET CURRENT ASSETS		345,586	577 016
TOTAL ASSETSLESS
CURRENT LIABILITIES		33,598,313	37,072,810
NET ASSETS		33,598,313	37,072 810
FUNDS	16
Unrestricted funds		16,078,907	16,430,585
Restricted funds		122,358	116,329
Endowment funds		17,397048	20,525,896
TOTAL FUNDS		33,598,313	37072,810

			Period	Period
			5.9.19	7.9.18
			to	to
			2.9.20	4.9.19
		Notes
Cash flows from operating activities
Cash generated from operations			~134,374)	~228,921)
Net cash used in operating activities			~134,374)	~228,921)
Cash flows from investing activities
Purchase oftangible fixed assets Purchase offixed asset investments Purchase ofinvestment property Sale offixed asset investments			(1,089,492) (245,557) 1,142,756	(3,015) (2,362,991) (101,077) 2,438,644
Interest received			2,545	7,289
Dividends received			261,752	293,465
Net cash provided by investing activities			72,004	272 313
Change in cash and cash equivalents	in
the reporting period			(62,370)	43,394
Cash and cash equivalents at the
beginning ofthe reporting period			I 974847	1,931,453
Cash and cash equivalents at the end	of
the reporting period			1,912,477	I 974 1147

ACTIVITIES
					Period	Period
					5.9.19	7.9.18
					to	to
					2.9.20	4.9.19
Net expenditure for the	reporting	period (as per the Statement		of
Financial Activities) Adjustments for:					(3,474,497)	(193,141)
Depreciation charges					3,125	10,055
Losses on investments					3,520,695	233,701
Interest received					(2,545)	(7,289)
Dividends received					(261,752)	(293,465)
Decrease in debtors					66,137	29,357
Increase/(decrease) in creditors					14463	~8139)
Net cash used in operations					)134374)	i228 921)
ANALYSIS OF CHANGES IN NET FUNDS
			At 5.9.19		Cash flow	At 2.9.20
Net cash
Cash at bank and in hand				587,784	(150,830)	436,954
Investments —designated	bank deposits		1 387 063		88460	1475 523
			1,974,S47		~62,370)	1,912,477

			Period	Period
			5.9.19	7.9.18
			to	to
			2.9.20	4.9.19
	Donations		18,530	138
3.	OTHER TRADING	ACTIVITIES
			Period	Period
			5.9.19	7.9.18
			to	to
			2.9.20	4.9.19
	Rental income		1 152,109	1,405 372
4.	INVESTMENT INCOME
			Period	Period
			5.9.19	7.9.18
			to	to
			2.9.20	4.9.19
	Income from quoted	investments	261,681	293,465
	Bank and other deposit interest		2,651	7,289
			264 332	300,754

5.	RAISING	FUNDS
	Investment	management	costs
							Period	Period
							5.9.19	7.9.18
							to	to
							2.9.20	4.9.19
	Portfolio management						~38 354	35,643
6.	CHARITABLE ACTIVITIES			COSTS
						Grant
						funding of
						activities	Support
						(see note	costs (see
						7)	note 8)	Totals
	Grants payable					343,689	71	343.760
7.	GRANTS	PAYABLE
							Period	Period
							5.9.19	7.9.18
							to	to
							2.9.20	4.9.19
	Grants payable						343,689	434,014
	The total grants paid to institutions			during	the period was as follows:
							Period	Period
							5.9.19	7.9.18
							to	to
							2.9.20	4.9.19
							E	f.
	Grants to institutions						500	500

					Governance
			Management	Other	costs	Totals
Other Grants	resources payable	expended	892,668 ~38347)	113,991 25,279	13 139	1,006,659 71
			854,321	139,270	13,139	1,006,730

STAFFCOSTS
							Period	Period
							5.9.19	7.9.18
							to	to
							2.9.20	4.9.19
Wages and salaries							644,445	754,019
Social security costs							52,386	62,414
Other pension costs							59 425	63 768
							756256	880201
The number ofemployees		whose emoluments,			excluding	pension
contributions, fell within		the following	ranges:
							Period	Period
							5.9.19	7.9.18
							to	to
							2.9.20	4.9.19
f60,000 tof70,000							1
The average monthly	number ofemployees			during the period was as follows:
							Period	Period
							5.9.19	7.9.18
							to	to
							2.9.20	4.9.19
Rest homes							5	5
Support staff							29	28
							34	33

		Fixtures
	Freehold	and	Motor	Computer
	property	fittings f	vehicles	equipment	Totals
COST OR VALUATION
At 5 September 2019	8,600,000	125,458	27,063	35,841	8,788,362
Revaluations	~200,000)				~200000)
At 2 September 2020	8400000	125,458	27,063	35 841	8588362
DEPRECIATION
At 5 September 2019		123,369	27,063	32,753	183,185
Charge for year		I 043		2082	3 125
At 2 September 2020		124412	27,063	34,835	186,310
NET BOOK VALUE
At 2 September 2020	8,400,000	I 046		1,006	8,402,052
At 4 September 2019	8,600,000	2089	-	3 088	8,605 177

FIXEDASSETINVESTMENTS
		Cash and
	Listed	settlements
	investments	pending	Totals
MARKET VALUE
At 5 September 2019	9,001,553	1,387,064	10,388,617
Additions	1,089,492	88,461	1,177,953
Disposals Revaluations	(1,337,894) ~370001)		(1,337,894) ~370001)
At 2 September 2020	8383 150	1,475,525	9,858,675
NET BOOK VALUE
At 2 September 2020	8383,150	I 475,525	9,858,675
At 4 September 2019	9,001 553	1,387064	10388 617

Extraordinary	Repair Fund
UK		40%
North America		39%
Europe		8%
Japan		3%
Rest ofthe World		10
Endowment Fund
UK		42%
North America		36%
Europe		8%
Japan		4%
Rest ofthe World		10%
Reserve Fund
UK		40%
North America		40%
Europe		8%
Japan		3%
Rest ofthe World		9%

DEBTORS:AMOUNTS FALLING DUE	WITHIN ONE YEAR
		2020	2019
		f
Trade debtors		28,387	35,453
Other debtors		19,339	74,087
Prepayments		57,240	61,563
		104,966	171,103
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2020	2019
			f.
Trade creditors		34,844	34,187
Taxation and social security		81,531	63,080
Other creditors		79959	84 604
		196,334	181,871
MOVEMENT IN FUNDS
		Net
		movement	At
	At 5.9.19	in funds	2.9.20
Unrestricted funds
Reserve fund	16,430,585	(351,678)	16,078,907
Restricted funds
Prize funds and bequests	116,329	6,029	122,358
Endowment funds
Endowment fund	20,525,896	(3,128,848)	17,397,048
TOTAL FUNDS	37,072,810	~3,474,497)	33,598,313

			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
Unrestricted		funds
Reserve fund			1,431,646	(1,388,773)	(394,551)	(351,678)
Restricted	funds
Prize funds	and bequests		3,325		2,704	6,029
Endowment		funds
Endowment		fund			(3,128,848)	(3,128,848)
TOTAL FUNDS			1,434,971	~),388,773)	~3,520,695)	~3474,497)

				Net
				movement	At
			At 7.9.18	in funds	4.9.19
			E		f,
Unrestricted		funds
Reserve fund			16,226,177	204,408	16,430,585
Restricted	funds
Prize funds	and bequests		106,976	9,353	116,329
Endowment		funds
Endowment		fund	20,932,798	(406,902)	20,525,896
TOTAL FUNDS			37265,951	~193,14))	37,072,810

	Incoming	Resources	Gains and	Movement
	resources	expended	losses	in funds
Unrestricted funds
Reserve fund	1,703,663	(1,665,703)	166,448	204,408
Restricted funds
Prize funds and bequests	2,601		6,752	9,353
Endowment funds
Endowment fund			(406,902)	(406,902)
TOTAL FUNDS	1 706264	~)665 703)	~233,702)	~)93141)
	Tangible fixed		Net current
	assets	Investments	assets	Total
Endowment fund	8,400,000	16,896,368	(7,899,320)	17,397,048
Restricted funds
Prize funds and bequests		122,358		122,358
Unrestricted funds
Reserve fund	2,052	2,524,992	3,555,865	6,082,909
Rest home funds		1,758,842	1,455,741	3,214,583
Property repair funds		3,548,115	3,233,300	6,781 415
	8,402 052	24,850675	345,586	33,598,313