2020-12-31-accounts - Dawliffe Hall Educational Foundation

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TENTS
		Page
Directors' and Trustees' report		1 —20
Auditors' report		21 -23
Statement offinancial	activities
and income 8 expenditure account		24
Balance sheet		25
Cash flow statement		26
Notes to the financial	statements	27- 37

Company	number	1450892
Registered	charity number	278720
Scottish charity number		SCO39512
Registered	office	10Wellesley Terrace
		London N1 7NA
Auditor		Rouse Audit LLP
		55 Station Road
		Beacon sfield
		Bucks
		HP9 1QL
Banks		HSBC Bank pic
		Kensington 8 Chelsea Commercial		Banking
		Centre
		Heathrow House
		785 Bath Road
		Cranford, Middlesex	TW5 9AT
		Royal Bank ofScotland
		Charities 8 Not for Profit Sector
		6'" Floor, 1 Princes Street
		London EC2R 8BP
Solicitor		Ann C.Bennett
		2 Chelsea Embankment
		London
		SW3 4LG
Chief Executive Officer		Isabel Abad
Directors,	who are also trustees	Ann Catherine Bennett (Chair)
		Caroline Sanderson	(Secretary)
		Mary Mulhall
		Marta Sauri
		Vivian Chinwe Nzewi
		Anna Burbidge
		Maria Alvarez de Toledo

FOR THE YEAR ENDED	31 DECEMBER 202	0
		Total	Total
		2020	2019
	Notes
Income
l3oliations and Legacies		869,127	1,208,429
Charitable Activities		447,043	662,070
HMRC furlough grant		58,513
Other Trading Activities		224,991	352,723
Investments		11,317	14,142
Total		1,610,991	2,237,364
Costs ofRaising Funds			311
Charitable activities		1,365,442	1,181,613
Exchange Rate Variance		85,279
Total	6,7	1,450,721	1,181,924
Operating Profit		160,270	1,055,440
Other income (exchange rate variance)			86,988
Profit on sale ofassets		918,167	2,740,753
Net movement in funds		1,078,437	3,883,181
Fund Balances At 1 January 2020		17,038,917	13,155,736
Fund Balances At 31 December 2020		18,117,354	17,038,917

						2020	2019
			Notes
Fixed assets
Tangible assets			14			12,477,757		12,180,234
Current assets
Debtors: amounts one year	falling due within		15		151,231		236,129
Loan to PACT falling year		due within one	15		507,000
Debtors: amounts falling due after more than one year			15,19	6,142,543			6,142,543
Loan to PACT falling than one year		due after more	15		520,000		1,027,000
Cash at bank and	in hand		22	1,336,523			698,119
				8,657,297			8,103,791
Creditors: amounts within one year		falling due	16	(1,940,622)			(1,723,429)
Net current assets
						6,716,675		6,380,362
Total assets less	current liabilities					19,194,432		18,560,596
Creditors: amounts more than one year		falling due after				(1,077,078)		(1,521,679)
Funds			18,20			18,117,354		17,038,917
Unrestricted
General Fund						5,639,597		4,858,683
Designated Fund						12,477,757		12,180,234
						18,117,354		17,038,917
The notes on pages	27 to 37form part		ofthese accounts.
Approved by the Board and authorised			for issue on			2020

						2020
					Notes
Net cash	flows from operating
activities					22		588,236		1,043,514
Cash flows from investing				activities
Purchase	ofproperty, plant		and
equipment						(634,475)		(3,518,828)
Proceeds	from sale ofassets					1,022,533		3,441,979
New loan	provided to PACT							(520,000)
Interest received						11,317		14,142
Net cash flows from investing
activities							399,376		(582,707)
Cash flows from financing				activities
New short	term loans					150,000
New long term loans						54,500		123,888
Repayment	oflong-term	non		secured
loans						(545,107)		(541,339)
Interest paid						(8,601)		(13,404)
Net cash flows from financing
activities							(349,208)		(430,855)
Net increase/(decrease)		in		cash and
cash equivalents in the		year					638,404		29,952
Cash and	cash equivalent	at		the
beginning	ofthe year						698,119		668,167
Cash and	cash equivalents		at the end of
the year					22		1,336,523		698,119

	DHEF	Ashwell	Hazelwood	Total	Total
		House		2020	2019
Fees	528	274,519	69,462	344,509	588,450
Contributions	102,534			102,534	73,620
Grants	36,138	22,375		58,513
Unrestricted	139,200	296,894	69,462	505,556	662,070
Restricted

.Analysis ofexpend	itur	e on charitab	le activities
			DHEF	Ashwell	Hazelwood	Total
				House		2020
Activities undertaken	directly		228,602	591,566	83,344	903,512
Grants - to individuals
Grants to other charities			68,925			68,925
Support costs			275,103	58,951	58,951	393,005
			5'72,630	650,517	142,295	1,365,442
Governance &Su	ort costs
Head office salary costs			68,814	14,746	14,746	98,306
Head office &insurance		costs	26,716	5,725	5,725	38,166
interest Paid			6,682	1,432	1,432	9,546
Depreciation			162,811	34,888	34,888	232,587
Governance			10,080	2,160	2,160	14,400
			275,103	58,951	58,951	393,005

FOR THE YE	AR ENDED 31 DE	AR ENDED 31 DE	AR ENDED 31 DE	CEMBER	2020
7. Summary	analysis ofexpenditure			and related	income for charitable	activities
				DHEF	Ashwell	Hazelwood	Total
					House
Costs				(228,602)	(591,566)	(83,344)	(903,512)
Fees				139,200	296,894	69,462	505,556
Net cost funded	from other income		~89,402		~294,672	13,882	397,956
8. Interest	Payable					2020	2019
interest payable	on non-secured	loans				8,601	13,404
9. Net income/(expenditure)		for	the	year
This is stated after charging:						2020	2019
Depreciation oftangible assets						232,587	193,914
Audit fee						14,400	14,400
interest payable						8,601	13,404
Foreign exchange loss						85,279

1.		Grants paid out
			2020	2019
Paid	to	institutions	68,925	89,813

Trustees, Key Management Personnel,	and their families may give donat	ions to DHEF.
		2020	2019
A. Bennett		650	1,300
C. Sanderson			1,425
14. Tangible fixed assets for use	by the charity
	Land and	Fixtures,	Total
	buildings	fittings &
	freehold	equipment
Cost
At 1 January 2020	14,107,739	1,177,707	15,285,446
Additions		634,475	634,475
Disposals	147,049	10,576	157,625
At 31 December 2020	13,960,690	1,801,606	15,762,296
Depreciation
At 1 January 2020	2,265,066	840,146	3,105,212
Charge for the year Depreciation on disposal	129,640 ~42,662	102,947 10,577	232,587 53,259
At 31 December 2020	2,352,024	932,516	3,284,540
Net book value
At 31 December 2020	11,608,666	869,090	12,477,756
At 31 December 2019	11,842,673	337,561	12,180,234

5. Debtors
	2020	2019
		F
Tax recoverable	36,259	36,998
Other debtors	114,972	199,131
Loan to PACT	1,027,000	1,027,000
Deposits and shortfalls (see note 19)	6,142,543	6,142,543
	7,320,774	7,405,672

Amounts falling	due af	ter		mo	re than one year and included in the debto	rs above are:
						2020	2019
Loan to PACT						520,000	1,027,000
Deposits and shorffalls			(see note 19)			6,142,543	6,142,543
16. Creditors: amounts					falling due within one year
						2020	2019
						E
Bank and other loans						291,027	286,142
Concessionary	loans					1,573,354	1,388,854
Taxation and social security						1,738	4,786
Other creditors	and accruals					74,502	43,649
						1,940,621	1,723,431
All the loans are	unsecured			loans.
17. Creditors:	amounts			falling due after more than one year
						2020	2019
							f
Other loans							291,027
Concessionary	loans					1,077,078	1,230,652
						1,077,078	1,521,679
Analysis ofloans
Not wholly repayable		within			five years by instalments	199,745	270,652
Wholly repayable within			five		years	2,741,714	2,926,023
						2,941,459	3,196,675
Included in current liabilities						1,864,381	1 674996
						1,077,078	1,521,679
Loan maturity	analysis
Between two and five		years				877,333	1,251,027
ln five years or	more					199,745	270,652

22.	Analysis ofcash and cash equivalents
		2020	2019
Cash	in hand	1,286,523	148,119
On deposit		50,000	550,000
Total	cash and cash equivalents	1,336,523	698,119