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2021-03-31-accounts

CONTENTS
ORIGINS OF THE CHARITY
TRUSTEE'S ANNUAL REPORT.
ACHIEVEMENTS AND PERFORMANCE
FINANCIAL REVIEW
TRUSTEE'S RESPONSIBILITIES..
INDEPENDENT AUDITOR'S REPORT
STATEMENT OF FINANCIAL ACTIVITIES..		13
BALANCE SHEET..		.14
NOTES TO THE FINANCIAL STATEMENTS .		155
REFERENCE AND ADMINISTRATION	DETAILS .	255

							Combined
						2020/21	2019/20
				Unrestricted	Endowment	Total	Total
			Notes	Funds	Funds	Funds	Funds
						8	f
Income and endowments		from:
Volunlary income			2				37,500
Investments			3	159,973		159,973	148,950
Other			4		2,851	2,851
Total income				159,973	2,851	162,824	186,450
Expenditure on:
Charitable activities			5	138,443	105,568	244,011	163,582
Other			6		7,090	7,090	20,369
Total e nditure				138,443	112,658	251,101	183,951
Net gains/(losses)	onirwsstments		9	22,746	725,567	748,313	(740,940)
Fair Value Movamenta				(21)	319	298
Net Income/(expenditure)		and net
movement in funds				44,255	616,079	880,334	738,441
Reconcilialon of
total funds:
Brought forward			11,12	125,608	3,136,478	3482,088	4,000,527
Carried forward			11,12	169,863	3,752,557	3,922/20	3,262,086

				Combined
			Endowment	Endowment
			funds	funds
			2020/21	2019/20
			E	E
Donations	ard	legacies		37,500
Total				37,500

			Combined
		Unrestricted	unrestricted
		funds	funds
		2020/21	2019/20
		E	E
lrwestment	income	157,477	147,829
Interest		2498	1,121
Total		159973	148,950

OTHER INCOME
		Combined
	Endowment	endowment
	funds	funds
	2020/21	2019/20
	E
Transfer offunds from closed charities:
SirRobert Peel Statue	2,851
Total	2,851

EXPEND	ITURE ON CH	ARITABLE ACTIVIT	IES
		Uraestricted	Erdowment
		funds	funds
		Direct	Direct	Combined
		costs	costs	2020/21
		E	E	R
Bursaries	awarded	138,443	105,568	244,011
Total		138,443	105,568	244,011
		Uraestlicted	Endowment
		funds	funds
		Direct	Direct	Combined
		costs	costs	2019/20
		E	E	E
Bursaries	awarded	123,565	40,017	163,582
Total		123,565	40,017	163,582

The value of investments held by the charit	y are as follows:
	Total	Combined
	2020/21	2019/20
	8
Market value 1 April	3,201,996	3,810,161
Additions		132,775
Transfened	1233
Disposals	(265,577)
Gain/(loss) forthe year	748,313	(740,940)
Market value 31 March	3,685,985	3,201,996
Total cost31 March	2,245,793	2,561,939
Total units held in Charities Pool	416,870	451,176

		Combined	Combined
		31 March	31 March
		2021	2020
		R	E
Equities		3,439,005	2,840,170
Pooled Units		195,356	217,736
Cash held b	Fund Manager	51604	144,090
Total		3685,965	3,201,996

CREDIT	ORS —AMOUNTS DU	E WITHIN ONE YEAR
		Combined	Combined
		31 March	31 March
		2021	2020
		R	F.
Bursaries	awarded	87880	60,085
Total		87,880	60,085

At 31M	arch 2021		Endow	ment
		Unrestricted	Permanent	Expendable	Total 31	Total 31
		funds	Funds	Funds	March 2021	March 2020
Fixed assets- investments		116,256	299,125	3,271,584	3,685,965	3,201,996
Current	assets	64,607		269,728	324,3SS	120,175
Current	liabilities			(87,880)	87,880	(60,085)
Total		169,863	299,125	3,453,432	3,922,420	3,262,086
At 31 March 2020			Endowment
		Unrestricted	Permanent	Expendable	Total 31	Total 31
		funds	Funds	Funds	March 2020	March 2019
			F.	E	f
Fixed assets- investments		92,509	240,092	2,869,395	3,201,996	3,810,161
Current	assets	33,099		87,076	120,176	232,778
Current	liabilities			(60,085)	60,085	(42,412)
Total		126,608	240,092	2,896,386	3,262,086	4,000,527

At 31March		Total				Total
2021		1 April			Gains &	31 March
		2020 f	hcome	Expenditure f	(losses)	2021 f
Endowment
funds:
Expendable		2,896,386	2,851	(112,658)	666,853	3,453,432
Permanent		240,092			59,033	299,125
Unrestricted
funds:
Designated	funds	96,325	2,169	(2,840)	22,725	118,379
General funds		29,283	157,804	(135,603)		51,484
Total funds		3,262,086	162,824	(251,101)	748,611	3,922,420
At 31 March	2020	Total				Total
		1 April			Gains &	31 March
		2019 f	hcome f	Expenditure	(losses) f	2020
Endowment
funds:
Expendable		3,579,159	41,713	(60,386)	(664,100)	2,896,386
Permanent		294,998			(54,906)	240,092
funds:
Designated	funds	126,370	4,169	(12,280)	(21,934)	96,325
General funds			140,568	(111,285)	-	29,283
Total funds		4,000,527	186,450	(183,951)	(740,940)	3,262,086

			Charity 1	Charity 2	Charity
			(prs-	(prs-	(post-	Combined
			merger)	merger)	merger)	total
					E	8
Total	income		83,513	34,201	45,110	162,824
Total	expenditure		176,608	1,136	73,357	251 101
Net income/ e		nditurs	93,095	33,065	28,247	88,277
Other	sine/ losses		402,127	170,778	175,706	748,611
Net movementln		funds	309,032	203,843	147,459	860,334

					Combined
			Charity 1	Charity 2	total
			E	E	6
Total	income		145,448	41,002	186,450
Total	expenditure		176,446	7,505	183,951
Net income/ ex		enditure	(30,998)	33,497	2,499
Other	aine/(losses)		(536,339)	(204,601)	740,940
Net movement		in funds	(567,337)	(171,104)	738W1
Total	funds brought forward		2,880,251	1,120,276	4,000,527
Total	funds carried forward		2,312,914	949,172	3,262,086

Analysis o	fnet assets at the	date ofthe merger
				Combined
		Charity 1	Charity 2	total
		f.		6
Net assets		2,621,946	1,153,015	3,774,961
Represented	by:
Unrestricted	funds	114,287	62,946	177,233
Restricted funds			146,358	146,358
Endowment	funds	2,507,659	943,711	3,451,370
Total funds		2,621,946	1,153,015	3,774,961