2021-08-31-accounts - The Garwood Foundation

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					Page No.
Report ofthe	Directors				1-7
Independent	Auditors	Report			8-11
Consolidated	Statement		of Financial	Activities	12
Consolidated	Balance	Sheet			13
Consolidated	Statement		ofCash Flows		14
Notes to the	Financial	Statements			15-22
Statement of	Financial		Activities —Parent Company		23
Balance Sheet —Parent			Company		24

			Unrestricted	Designated	Restricted	Total	Notes
			Funds	Funds	Funds	Funds		2020
Income 8 Endowments from:
Grants, Donations 8 Legacies			207,461		151,797	359,258	7	181,212
Other Trading Activities			224,039			224,039	8	326,749
Investments: interest, dividends, rents			20,855			20,855		30,866
Income from charitable activities			1,935,056			1,935,056	9	2,915,145
Total			2,387,411		151,797	2,539,208		3,453,972
Expenditure on:
Raising Funds			183,027			183,027	10	300,648
Charitable activities			2,097,501		274,366	2,371,867	11	3,217,893
Total			2,280,528		274,366	2,554,894		3,518,541
Net Income/(Expenditure) before		gains and losses	106,883		(122,569)	(15,686)		(64,569)
on investment assets
Gain/(Loss) on investment assets:
Realised Gain/(Loss)
Unreaslised Gain/(Loss)			21,774			21,774	4	238,387
Total			21,774			21,774		238,387
Net Income/(Expenditure)			128,657		(122,569)	6,088		173,818
Transfers
Gross transfers between	funds		(107,000)	107,000
Net incoming resources	before other
recognised gains and losses			21,657	107,000	122,569	6,088		173,818
Other recognised gains or losses
Pensions Trust Deficit							17
Net movement		in funds	21,657	107,000	122,569)	6,088		173,818
Reconciliation of Funds
Total funds brought forward			3,698,575		327,524	4,026,099		3,852,281
Total Funds	carried forward		3,720,232	107,000	204,955	4,032,187		4,026,099

						Total	Notes	Prior year
						Funds		total funds
						F		E
Fixed Assets
Tangible assets						2,901,545	3	2,944,957
Investments						838,172	4	816,398
Total Fixed	Assets					3,739,717		3,761,355
Current Assets
Debtors						211,487	5	183,003
Cash at bank and	in hand					615,428		594,366
Total Current Assets						826,915		777,369
Liabilities:
Creditors falling due within		1	year			534,445	6	512,625
Net Current	Assets					292,470		264,744
Total assets less current				liabilities		4,032,187		4,026,099
Defined Benefit Pension Scheme				Liability			17
Net Assets	Including		Pension		Liability	4,032,187		4,026,099
Funds ofthe Foundation
Unrestricted Income Funds						3,720,232	15	3,698,575
Designated Income Funds						107,000	15
Restricted Income	Funds					204,955	15	327,524
Total Foundation	Funds					4,032,187		4,026,099

					2021	2020
					E	E
Net Cash Used in	operating	activities		(note 21)	22,234	176,546
Cash Flows from	investing	activities
Investment Income Purchase of Fixed	Assets				20,855 ~22.027)	30,866 130,696)
Cash Provided by	(used in)	investing		activities	1,172	99,830)
Increase (decrease) in cash		and	cash	equivalents
end ofthe period					21,062	76,716
Cash and cash equivalents at		the	beginning ofthe period		594,366	517,650
Total cash and cash equivalents			at the end ofthe period		615,428	594,366
Held as:
Cash at bank and	in hand				615,428	594,366
Total cash and cash equivalents			at the end ofthe period		615,428	594,366

TANGIBLE ASSETS
		Freehold	Property	Under	Leasehold	Motor	Plant and	Total
		Property	Construction		Property	Vehicles	Equipment
					(long)
					6
COST
At 1 September 2020		2,632,736		39,278	583,649	323,301	549,175	4,128,139
Additions in year				18,720			3,307	22,027
Disposals in year
At 31 August 2021		2,632,736	57,998		583,649	323,301	552,482	4,150,166
DEPRECIATION
At 1 September 2020		40,660			419,723	225,683	497,116	1,183,182
Charge for the year					22,385	29,829	13,225	65,439
Disposal s in year
At 31 August 2021		40,660			442,108	255,512	510,341	1,248,621
NET BOOK VALUE
At 31 August 2021		2,592,076	57,998		141 541	67,789	42,141	2,901,545
At 31 August 2020		2,592,076	39,278		163,926	97,618	52,059	2,944,957
INVESTMENTS
							2021	2020
							6	f
Quoted investments:
Mid market value 1 September 2020 / 1 April 2019							316,398	301,699
Investments additions
Investments disposals
Realised gain on investments	sold
Unrealised gain							21,774	14,699
Mid market value 31 August 2021 / 31 August 2020							338,172	316,398
Investment property:
Mid market value 1 September 2020 / 1 April 2019							500,000	276,312
Unrealised gain								223,688
Mid market value 31 August 2021 / 31 August 2020							500,000	500,000
Total Investments							838,172	816,398

5	DEBTORS											2021f	2020 8
	Trade debtors
	School fees and other charitable				fees receivable							168,642	142,428
	Other debtors and prepayments											42,845	40,575
												211,487	183,003
6	CREDITORS (due within one			year)								2021	2020
												F
	Tax and social security creditors											35,756	32,568
	Deferred Income											471,523	398,030
	Other creditors	&accruals										27,166	82,027
												534,445	512,625
	Deferred income represents		cash received or debtors recognised						in respect of charitiable	activities to be undertaken		in future periods.
7	GRANTS & DONATIONS								Unrestricted		Restricted	2021	2020
										Funds	Funds	Total	Total
										5	5	6	6
	Donations									15,787	68,125	83,912	94,644
	Grants									191,674	83,672	275,346	86,568
										207,461	151,797	359,258	181,212
8	OTHER TRADING ACTIVITIES								Unrestricted		Restricted	2021	2020
										Funds	Funds	Total	Total
										6	6	6	5
	Hire of Facilities									80,655		80,655	78,085
	Sales Receipts	Subsidiary	Company			(Charity Shops)				143,384		143,384	248,664
										224,039		224,039	326,749
9	INCOME FROM CHARITABLE				ACTIVITIES
									Unrestricted		Restricted	2021	2020
										Funds	Funds	Total	Total
										E	6	6	6
	Bramley Hill Centre									214,485		214,485	482,419
	Jean Garwood	House								500,850		500,850	694,089
	Rutherford School									1,219,721		1,219,721	1,738,637
										1,935,056		1,935,056	2,915,145
10	COSTS OF RAISING FUNDS								Unrestricted		Restricted	2021	2020
										Funds	Funds	Total	Total
										6	8	6	6
	Direct staff and	administration		of charity shops						156,527		156,527	227,437
	Rent and utilities ofhead office				charged to charity shops					6,100		6,100	47,711
	Direct staff and	admininstration			costs ofAppeals		department			20,400		20,400	25,500
										183,027		183,027	300,648
11	EXPENDITURE	ON CHARITABLE ACTIVITIES					(including	allocation ofsupport costs)
									Unrestricted		Restricted	2021	2020
										Funds	Funds	Total	Total
											F	F	E
	Bramley Hill Centre									362,789	76,365	439,154	660,342
	Jean Garwood	House								462,698	75,953	538,651	772,444
	Rutherford School									1,272,014	122,048	1,394,062	1,785,107
										2,097,501	274,366	2,371,867	3,217,893

							NOTES TO THE CONSOLIDATED	NOTES TO THE CONSOLIDATED	NOTES TO THE CONSOLIDATED	NOTES TO THE CONSOLIDATED	NOTES TO THE CONSOLIDATED	FINANCIAL STATEMENTS (continued)	FINANCIAL STATEMENTS (continued)	FINANCIAL STATEMENTS (continued)
									Forthe year ended 31stAugust 2021
12	SUPPORT COSTS (included in Note 11)
														Jean
													Bramley Hill	Garwood		Rutherford
													Centre	House		School	Total
																	2021
													E	E		F
	Administration			Staff Costs									43,874	43,874		43,874	131,622
	Information Technology												722	722		722	2,166
	Governance		Costs										2,906	2,906		2,906	8,718
	Caravan	Depreciation			&Expenses								2,082	2,082		2,082	6,246
	Other costs												19,097	19,097		19,097	57,291
	Rent of	head		office and		utilities charged to charity shops (note 10)							2,033	2,034		2,034	6,100
	Total Support			Costs for the			year ended 31st August 2021:						66,648	66,647		66,647	199,943
	Total Support			Costs for the			period ended	31st	August 2020:				58,795	58,794		58,794	176,383
	Support	costs		are allocated			to operating	units	in equal proportions.
13	STAFF	COSTS
													Group	Company		Group	Company
	These costs "Expenditure		are induded in "Costs of raising funds" and on charitable activities" and consist of:										2021 E	2021 E		2020f	2020 E
							Salaries and wages						1,703,671	1,613,594		2,376,871	2,244,601
							Social security	costs					143,737	137,192		189,507	179,872
							Pension costs						50,960	48,846		78,616	75,842
													1,898,368	1,799,632		2,644.994	2,500,315
	Included	in salaries and				pension costs above			are employee		and employer	contributions	(respectively)	to the defined	contribution
	pension	schemes referred					to in Accounting Policies (Note			1i).
													Group	Company		Group	Company
	The estimated			average		number of employees;							2021	2021		2020	2020
													Number	Number		Number	Number
							Direct charitable activities						58	58		73	73
							Direct staff and administration			of	charity shops		8			9
							Management	and administration					9			9
							Appeals						1			1
													76			92	83

NET INCOME / EXPENDITURE FOR THE YEAR	NET INCOME / EXPENDITURE FOR THE YEAR					2021f	2020 K
This is stated after charging the following:
Depreciation						65,439	81,747
Operating lease payments recognised as an expense						34,215	45,254
Auditors Remuneration - audit ofthese financial	statements					6,500	6,500
Auditors Remuneration -other services (audit of	subsidiary,	interim	accounts,	advising	generally)	2,075	7,130

						Balance	Movement	in resources:	in resources:							Balance
~td& F		d				01-Sep-20 6 3,698,575	Incoming 5 2,409,185		Outgoing 5 2,280,528		Transfers f 107,000					31-Aug-21 5 3,720,232
~Di tdF	d~											107,000				107,000
Restricted Funds
RS Donations	&	Legacies				81,479	57,836		(109,405)							29,910
JGH Donations	& Legacies					26,337	43,351		(69,688)
BH Donations	&	Legacies				36,682	30,289		(66,971)
IT Admin Expenditure						4,500										4,500
Hydrotherapy Pool						98,626										98,626
Minibus Fund						79,900			(21,955)							57,945
PPE Fund							20,321		(6,347)							13,974
						327,524	151,797		274,366							204,955
Total						4,026,099	2,560,982		2,554,894							4,032,187
Comparaitve movements			in	funds:
						Balance	Movement	in resources:								Balance
						01-Sep-20	Incoming		Outgoing		Transfers					31-Aug-21
						6	E		5			5				5
Unrestricted Funds						3,576,870	3,601,566		(3,472,082)			(7,779)				3,698,575
Restricted Funds						275,411	90,793		46,459				7,779			327,524
Total						3,852,281	3,692,359		3,518,541							4,026,099
Description ofDesignated				and Restricted	Funds
Designated Fund						Unrestricted funds designated		for the 19-25Project.
RS Donations	&	Legacies:				Donations and	legacies restricted		for the benefit	of Rutherford					School.
JGH Donations	&Legacies:					Donations and	legacies restricted		for the benefit	ofJean			Garwood			House.
BH Donations	&	Legacies:				Donations and	legacies restricted		for the benefit	of Bramley				Hill.
IT Admin Expenditure:						Donations restricted to cover		costs of IT expenditure.
Hydrotherapy	Pool:					Donations restricted to cover		costs of construction			of	the Hydrotherapy Pool (Part ofthe "19-25 F
Minibus Fund:						The net book value of minibuses			purchased with		grants		received			to fund their purchase.
PPE Fund						Grants restricted to cover the		costs ofPersonal		Protective				Equipment

			F. d A Tangible Fixed ssets	Investments	Debtors	Cash	Creditors	Net Assets
					6	6	6	5
Unrestricted			2,755,691	838,172	211,487	449,326	(534,445)	3,720,231
Designated						107,000		107,000
RS Donations		& Legacies	29,910					29,910
JGH Donations		&Legacies
BH Donations		&Legacies
IT Admin Expenditure						4,500		4,500
Hydrotherapy		Pool	57,998			40,628		98,626
Minibus Fund			57,946					57,946
PPE General	Fund					13,974		13,974
Total			2,901,545	838,172	211,487	615,428	534,445	4,032,187

			Unrestricted	Designated	Restricted	Total
			Funds	Funds	Funds	Funds	2020
					E	F
Income & Endowments from:
Grants, Donations &Legacies			140,903		151,797	292,700	141,184
Donation from Trading Subsidiary			47,316			47,316	13,672
Other Trading Activities			80,655			80,655	78,085
Investments: interest, dividends, rents			20,854			20,854	30,738
Income from charitable	activities		1,935,056			1,935,056	2,915,145
Total			2,224,784		151,797	2,376,581	3,178,824
Expenditure on:
Raising Funds			20,400			20,400	25,500
Charitable activities			2,097,501		274,366	2,371,867	3,217,893
Total			2,117,901		274,366	2,392,267	3,243,393
Net Income/(Expenditure) before		gains and losses	106,883		(122,569)	(15,686)	(64,569)
on investment assets
Gain/Loss on investment assets
Realised Gain/(Loss)
Unreaslised Gain/(Loss)			21,774			21,774	238,387
Total			21,774			21,774	238,387
Net Income/(Expenditure)			128,657		(122,569)	6,088	173,818
Transfers
Gross transfers between	funds		(107,000)	107,000
Net incoming resources	before other
recognised gains and losses			21,657	107,000	(122,569)	6,088	173,818
Other recognised gains or losses
Pensions Trust Deficit
Net movement		in funds	21,657	107,000	(122,569)	6,088	173,818
Reconciliation of Funds
Total funds brought forward			3,698,575		327,524	4,026,099	3,852,281
Total Funds carried forward			3,720,232	107,000	204,955	4,032,187	4,026,099

						Total	Prior year
						Funds	total funds
						F
Fixed Assets
Tangible assets						2,901,545	2,944,957
Investments						838,174	816,400
Total Fixed	Assets					3,739,719	3,761,357
Current Assets
Debtors						433,849	306,111
Cash at bank and	in hand					389,639	464,903
Total Current Assets						823,488	771,014
Liabilities:
Creditors falling due within		1	year			531,020	506,272
Net Current	Assets					292,468	264,742
Total assets less current				liabilities		4,032,187	4,026,099
Defined Benefit Pension Scheme				Liability
Net Assets	Including		Pension		Liability	4,032,187	4,026,099
Funds ofthe Foundation
Unrestricted Income Funds						3,720,232	3,698,575
Designated Income Funds						107,000
Restricted Income	Funds					204,955	327,524
Total Foundation	Funds					4,032,187	4,026,099
Frank Newton
							Directors
John Newton