2021-09-01-accounts

		Page
Report ofthe Trustees	1	to	6
Report ofthe Independent Auditors	7	to	9
Statement ofFinancial Activities		10
Statement ofFinancial Position
Statement ofCash Flows		12
Notes to the Statement ofCash Flows		13
Notes to the Financial Statements	14	to	23

							Period	Period
							3.9.20	5.9.19
								to
							1.9.21	2.9.20
				Unrestricted	Restricted	Endowment	Total	Total
			Notes	funds f,	fund	fundI	funds I	funds 6
INCOME AND
ENDOWMENTS	FROM
Donations and legacies			2	59265			59,265	18,530
Other trading activities			3	1,330,995			1,330,995	1,152,109
Investment income			4	287 831	3,356		29 1 187	264 332
Total				1,678,091	3,356		1,681,447	1,434,971
EXPENDITURE	ON
Raising funds			5	35,101			35,101	38,354
Charitable activities
Grants payable				323,080			323,080	343,760
Running costs, HTH Academy
management &admin		&invest
property repairs				1 160018			1 160018	1 006 659
Total				1,518,199			1,518,199	1,388,773
Net gains/(losses) investments	on			836 836	19 624	5116 821	1 363 281	~3520 6957
NET
INCOME/(EXPENDITURE)				996,728	22,980	506,821	1,526,529	(3,474,497)
RECONCILIATION		OF
FUNDS
Total funds brought forward				16,078,250	123,015	17,397,048	33,598,313	37,072,810
TOTAL FUNDS	CARRIED
FORWARD				17074978	145995	17903 869	35 124 842	33,598 313

		2021	2020
		Total	Total
		funds	funds
	Notes	I
FIXEDASSETS
Tangible assets		8,755,163	8,402,051
Investments
Investments	12	10,372,069	9,858,675
Investment property	13	15 147000	14992000
		34,274,232	33,252,726
CURRENT ASSETS
Debtors	14	103,136	104,966
Cash at bank and in hand		891 215	436 955
		994,351	541,921
CREDITORS
Amounts falling due within one
year	15	(143,741)	(196,334)
NET CURRENT ASSETS		850 610	345 587
TOTAL ASSETSLESS
CURRENT LIABILITIES		35,124,842	33,598,313
TOTAL FUNDS		35 124 842	33 598 313
FUNDS	16
Unrestricted funds		17,074,978	16,078,907
Restricted funds		145,995	122,358
Endowment funds		17903 869	173970411
TOTAL FUNDS		35124 842	33 598 313

					Period	Period
					3.9.20	5.9,19
					tc	to
					1.9.21	2.9.20
				Notes	f.
Cash flows from operating	activities
Cash generated fiom operations					~174069)	~134 73)
Net cash used in operating	activities				~174069)	~134373)
Cash flows from investing	activities
Purchase oftangible fixed assets					(7,745)
Purchase offixed asset investments					(2,393,816)	(1,089,492)
Purchase ofinvestment property					(160,150)	(245,557)
Sale offixed asset investments					2,848,705	1,142,756
Interest received					141	2,545
Dividends received					~291046	~261 752
Net cash provided by investing		activities			~578 181	~72 004
Change In cash and cash equivalents			In
the reporting period					404,112	(62,369)
Cash and cash equivalents	at	the
beginning ofthe reporting	period				~1912479	I 974 848
Cash and cash equivalents	at	the end	of
the reporting period					~2316591	~1912479

OPERATING ACT	IVITI	ES
				Period	Period
				3.9.20	5.9.19
				to	to
				1.9.21	2.9.20
				I
Net income/(expenditure)		for the reporting	period (as per the
Statement ofFinancial Activities)				1,526,529	(3,474,497)
Adjustments for:
Depreciation charges				4,633	3,125
(Gain)/losses on investments				(1,363,281)	3,520,695
Interest received				(141)	(2,545)
Dividends received				(291,046)	(261,752)
Decrease in debtors				1,830	66,137
(Decrease)/increase	in creditors			~52 593	~14 464
Net cash used ln operations				~174069)	~134373)

ANALYSIS	OF CHANG	ES IN NET FUNDS
			At 3.9.20	Cash flow	At 1.9.21
			I
Net cash
Cash at bank Investments	and in hand —designated	bank deposits	436,955 1 475 524	454,260 ~50 148)	891/15 ~1,425 376
			~1912479	~404 112	~2316591

2.	DONATIONS AND LE	GACIES
			Period	Period
			3.9.20	5.9.19
				to
			1.9.21	2.9.20
	Donations		50	18,530
	Grants		~59215
			59265	18530
	Grants received, included	in the above, are as follows:
			Period	Period
			3.9.20	5.9.19
			to	to
			1.9.21	2.9.20
			f.	f.
	Grant		~59 15
3.	OTHER TRADING ACTIVITIES
			Period	Period
			3.9.20	5.9.19
				to
			1.9.21	2.9.20
	Rental income		1330995	~1152109
4.	INVESTMENT INCOME
			Period	Period
			3.9.20	5.9.19
			to
			1.9.21	2.9.20
	Income from quoted invesunents		291,048	261,721
	Bank and other deposit interest		139	~2611
			291,187	~264 332

5.	RAISING	FUNDS
	Investment	management	costs
						Period		Period
						3.9.20		5.9.19
								to
						1.9.21		2.9.20
								f.
	Portfolio management					~35	101	38354
6.	CHARITABLE ACTIVITIES COSTS
								Grant
								funding of
								activities
								(see note
								7)f
	Grants payable							~323 080
7.	GRANTS	PAYABLE
						Period		Period
						3.9.20		5.9.19
								to
						1.9.21		2.9.20
						f,		f,
	Grants payable					323	080	343 689
	'Ibe total grants paid to institutions			during	the period was as follows:
						Period		Period
						3.9.20		5.9.19
						to		to
						1.9.21		2.9.20
								f.
	Grants to institutions						500	500

					Governance
			Management	Other	costs	Totals
				I
Other	resources	expended	~1141886	~4633	13499	~1160018

STAF	F COSTS
		Period	Period
		5.9.20	7.9.19
		to
		2.9.21	4.9.20
			K
Wages	and salaries	652,711	642,390
Social	security costs	59,317	52,485
Other	pension costs	~64 057	~59 425
		776 085	754 300

contributi	on	s, fell within the following ranges:
			Period		Period
			5.9.20		7.9.19
			to		to
			2.9.21		4.9.20
f60,000	to	f70,000		1		1

	Period	Period
	5.9.20	7.9.19
		to
	2.9.21	4.9.20
Rest homes	4	5
Support staff	29	29
	33	34

11.	TANGIBLE FIXEDASS	ETS
					W.W.
			Fixtures		adventure
		Freehold	and		centre
		pmperty	fittings	Pontoons	equipment	Totals
		f,	f.	f,		f,
COST OR VALUATION
	At 3 September 2020	8,400,000	125,458	27,063	35,840	8,588/61
	Additions				7,745	7,745
	Revaluations	~350000				~350000
	At 1 September 2021	~8750 000	125458	27 063	~43 585	~8946 106
DEPRECIATION
	At 3 September 2020 Charge for year		124,412 1046	27,063	34,835 ~3587	186,310 ~4633
	At 1 September 2021		125458	27 063	~38 422	~190 943
NET BOOK VALUE At 1 September 2021		~8750 000			~5 163	~8 755 163
	At 2 September 2020	~8400 000	~1046		1,005	~8402 051
12.	FIXEDASSETINVESTMENTS

FIXEDASSETINVESTMENTS
		Cash and
	Listed	settlements
	investments	pending	Totals f
MARKET VALUE
At 3 September 2020	8,383,150	1,475,525	9,858,675
Additions	2,393,816	(50,149)	2,343,667
Disp oasis	(2,765232)		(2,765232)
Revaluations	934 959		934 959
At 1 September 2021	~846 693	1425 376	10372 069
NET BOOK VALUE At 1 September 2021	~846 693	1425 376	10372 069
At 2 September 2020	8 383 150	1475 525	9 858 675

Regional Breakdown	Regional Breakdown	Regional Breakdown
Extraordinary		Repair Fund
UK			43%
North America			21%
Eumpe			9%
Japan			9%
Other			6%
Rest ofthe	World		12%
Endowment	Fund
UK			43%
North America			17%
Europe			11%
Japan			9%
Other			9%
Rest ofthe	World		11%
Reserve Fund
UK			43%
North America			13%
Eumpe			11'/
Japan			9%
Other			8%
Rest ofthe	World		11%

13.	INVESTMENT PROPERTY
	FAIR VALUE
	At 3 September 2020	14,992,000
	Additions Revaluation	160,150 ~5150
	At 1 September 2021	15 147000
	NET BOOKVALUE
	At 1 September 2021	15147 000
	At 2 September 2020	14992000

14.	DEBTORS:	AMOUNTS FALLING DUE WITHIN ONE YEAR	AMOUNTS FALLING DUE WITHIN ONE YEAR	AMOUNTS FALLING DUE WITHIN ONE YEAR	AMOUNTS FALLING DUE WITHIN ONE YEAR
							2021		2020
	Trade debtors						32,909		28,387
	Other debtors						7,737		19,339
	Prepayments						~62490	~57 240
							~103 136	~104 966
15.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
							2021		2020
							f,		f,
	Trade creditors						47387		34,844
	Taxation and	social security					38,627		81,531
	Other creditors						~57 727	~79 959
							~143 741	~196 334
16.	MOVEMENT IN FUNDS
							Net
							movement		At
						At 3.9.20	in funds		1.9.21
	Unrestricted	funds
	Reserve fund				16,078250		996,728	17,074,978
	Restricted funds
	Prize funds and bequests					123,015	22,980		145,995
	Endowment	funds
	Endowment fund				17,397,048		506,821	17,903,869
	TOTAL FUNDS				33.598313		1 526 529	35	124 842
	Net movement	in funds, included	in the above are as	follows:
			Incoming		Resources		Gains and	Movement
			resources		expended		losses		in funds
	Unrestricted	funds
	Reserve fund		1,678,091		(1,518,199)		836,836		996,728
	Restricted funds
	Prize funds and bequests			3,356			19,624		22,980
	Endowment	funds
	Endowment fund						506,821		506,821
	TOTAL FUNDS		1,681,447		~1	518 199)	~l 363281	~1	526 529

						Net
						movement	At
					At 5.9.19	in funds	2.9.20
Unrestricted	funds
Reserve fund					16,429,928	(351,678)	16,078,250
Restricted funds
Prize funds	and bequests				116,986	6,029	123,015
Endowment	funds
Endowment	fund				20,525,896	(3,128,848)	17,397,048
TOTAL FUNDS					37072810	~34744971	33598313
Comparative	uet movement	in funds, included	in the above are		as follows:
			Incoming		Resources	Gains and	Movement
			resources		expended	losses	in funds
					8	6	f,
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			I 434971		~1388773)	~3520,695)	~3474 497)
		TangB&le		fixed		Net current
			assets		Investments	assets	Total
			f.		8
Endowment	fund		8,400,000		16,896,368	(7,899,320)	17,397,048
Restricted funds
Prize funds aud bequests					123,015		123,015
Unrestricted	funds
Reserve fund				2,051	2,524,335	3,555,865	6,082,251
Rest home funds					1,758,842	1,455,741	3,214,583
Property repair funds					3548115	3233301	6781417
			8.402051		24 850 675	345 587	33598 314