|||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| ## ## ## ## ## ##