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|---|---|---|---|---|
|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|
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|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|
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||||||||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|
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|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|
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||||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|
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|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|
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||||||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|
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|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|
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|||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|
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|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|
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|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%|
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|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)|
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|||||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|
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