2021-11-30-accounts

		Page
Reference and Administrative Details
Trustees' Report	2	to	6
Independent Examiner's Report
Statement of Financial Activities
Statement of Financial Position	9	to	10
Notes to the Financial Statements	11	to	19
Detailed Statement of Financial Activities	20	to	21

		F	OR THE	YEAR EN	DED 30 NOVE	MBER 2021
							2021	2020
					Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
				Notes
INCOME AND ENDOWMENTS			FROM
Donations and legacies					10,315	205	10,520	4,880
Other trading activities					13,085		13,085	11,370
Investment income					3,827		3,827	422
Other income					3,133		3,133	2,059
Total					30,360	205	30,565	18,731
EXPENDITURE ON
Raising funds					11,712		11,712	11,389
Charitable activities
General					47,212		47,276	29,276
Total					58,924	64	58,988	40,665
Net gains on investments					75,369		75,369	27,297
NET INCOME					46,805	141	46,946	5,363
RECONCILIATION	OF FUNDS
Total funds brought		forward			902,171	4,213	906,384	901,021
TOTAL FUNDS CARRIED FORWARD					948,976	4,354	953,330	906,384

				2021	2020
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes	f
FIXEDASSETS
Intangible assets	10	14,098		14,098	4,255
Heritage assets	11	222		222	97
Investments	12	892,074		892,074	857,340
		906,394		906,394	861,692
CURRENT ASSETS
Stocks	13	8,986		8,986	8,871
Debtors	14				1,517
Cash at bank		35,616	4,354	39,970	37,885
		44,602	4,354	48,956	48,273
CREDITORS
Amounts falling due within one year	15	(2,020)		(2,020)	(3,581)
NET CURRENT ASSETS		42,582	4,354	46,936	44,692
TOTAL ASSETS LESSCURRENT
LIABILITIES		948,976	4,354	953,330	906,384
NET ASSETS		948,976	4,354	953,330	906,384
FUNDS	16
Unrestricted funds				948,976	902,171
Restricted funds				4,354	4,213
TOTAL FUNDS				953,330	906,384

DONATIONS AND LEGACIES
	2021	2020
		E
Donations	7,406	1,877
Subscriptions	3,114	3,003
	10,520	4,880
OTHER TRADING ACTIVITIES
	2021	2020
		E
Easter course income	1,778	410
Summer school income		1,015
Sale of literature	1,055	946
Overseas royalties	8,091	7,725
Exam fees, badges 8 certifcate	1,844	320
Teacher Training	317
Online Classes		954
	13,085	11,370
INVESTMENT INCOME
	2021	2020
		E
Listed Investments	3,822	378
Bank Interest	5	44
	3,827	422

5.	RAISING FUNDS	RAISING FUNDS
	Other trading activities
					2021	2020
						F
	Opening stock				8,871	8,615
	Purchases				816	1,234
	Closing stock				(8,985)	~8,871)
					702	978
	Investment management		costs
					2021	2020
						E
	Portfolio management				8,706	8,375
	Investment advice				2,304	2,036
					11,010	10,411
	Aggregate amounts				11,712	11,389
6.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)		is stated after charging/(crediting):
					2021	2020
						F
	Patents and licences amortisation				3,571	186
7.	TRUSTEES' REMUNERATION			AND BENEFITS
					2021	2020
						F
	Trustees' salaries				15,840	15,227
	Trustees' pension	contributions		to money purchase schemes	288	192
					16,128	15,419

The average monthly	number of	emp	loyees during the year	was as follows:
					2021	2020
Administration					1	1
No employees received emoluments			in excess ofF60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL				ACTIVITIES
				Unrestricted	Restricted	Total
				funds	funds	funds
				F
INCOME AND ENDOWMENTS		FROM
Donations and legacies				4,501	379	4,880
Other trading activities				11,370		11,370
investment income				422		422
Other income				2,059		2,059
Total				18,352	379	18,731
EXPENDITURE ON
Raising funds				11,389		11,389
Charitable activities
General				29,276		29,276
Total				40,665		40,665
Net gains on investments				27,297		27,297
NET INCOME				4,984	379	5,363
RECONCILIATION OF FUNDS
Total funds brought	forward			897,187	3,834	901,021
TOTAL FUNDS CARRIED FORWARD				902,171	4,213	906,384

10.	INTANGIBLE FI	XEDASSETS
			Patents
			and
			licences
	COST
	At 1 December 2020		4,441
	Additions		13,414
	At 30 November	2021	17,855
	AMORTISATION
	At 1 December 2020		186
	Charge for year		3,571
	At 30 November	2021	3,757
	NET BOOK VALUE
	At 30 November	2021	14,098
	At 30 November	2020	4,255
11.	HERITAGE ASSETS
			Total
	MARKET VALUE
	At 1 December 2020		100
	Additions		150
	At 30 November	2021	250
	PROVISIONS
	At 1 December 2020		3
	Charge for year		25
	At 30 November	2021	28
	NET BOOK VALUE
	At 30 November	2021	222
	At 30 November	2020	97

						Cash and
					Listed	settlements
					investments	pending	Totals
							F
	MARKET VALUE
	At 1 December	2020			776,837	80,503	857,340
	Additions				67,075	76,306	143,381
	Disposals				(127,074)	(56,942)	(184,016)
	Revaluations				75,369		75,369
	At 30 November	2021			792,207	99,867	892,074
	NET BOOK VALUE
	At 30 November	2021			792,207	99,867	892,074
	At 30 November	2020			776,837	80,503	857,340
	There were no investment		assets	outside the UK.
	Cost or valuation	at 30 November		2021 is represented	by:
						Cash and
					Listed	settlements
					investments	pending	Totals
					F	F	F
	Valuation in 2021				792,207	99,867	892,074
13.	STOCKS
						2021	2020
							F
	Stocks					8,986	8,871
14.	DEBTORS:AMOUNTS		FALLING	DUE WITHIN ONE	YEAR
						2021	2020
							E
	Prepayments						1,517

CREDIT	ORS: AMOUNTS FALLING DUE WITHIN ON	E YEAR
		2021	2020
			F
Trade creditors		201	1,461
Social security and other taxes		678	738
Pension	fund	(119)	(119)
Accrued	expenses	1,260	1,501
		2,020	3,581

							Net
						At	movement	At
						1.12.20	in funds	30.11.21
Unrestricted		funds
General	fund					897,987	46,620	944,607
The Jim	Hastie		Memorial		Fund	4,184	185	4,369
						902,171	46,805	948,976
Restricted funds
MMM Scholarship				Fund		1,449	205	1,654
Magenta Fund West Midlands			Fund			667 2,097	~64)	667 2,033
						4,213	141	4,354
TOTAL	FUNDS					906,384	46,946	953,330

						Incoming	Resources	Gains and	Movement
						resources	expended	losses	in funds
									E
Unrestricted		funds
General	fund					30,175	(58,924)	75,369	46,620
The Jim	Hastie		Memorial		Fund	185			185
						30,360	(58,924)	75,369	46,805
Restricted funds
MMM Scholarship Fund West Midlands Fund						205	~64)		205 ~64)
						205	~64)		141
TOTAL	FUNDS					30,565	~58,988)	75,369	46,946

Compar	atives		fo	r move	ment in funds
							Net
						At	movement	At
						1.12.19	in funds	30.11.20
Unrestricted		funds
General	fund					893,003	4,984	897,987
The Jim	Hastie		Memorial		Fund	4,184		4,184
						897,187	4,984	902,171
Restricted funds
MMM Scholarship				Fund		1,070	379	1,449
Magenta	Fund					667		667
West Midlands			Fund			2,097		2,097
						3,834	379	4,213
TOTAL	FUNDS					901,021	5,363	906,384

Comparative net	movement in fund	s, included in the above	are as follows:
		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
					E
Unrestricted funds
General fund		18,352	(40,665)	27,297	4,984
Restricted funds
MMM Scholarship	Fund	379			379
TOTAL FUNDS		18,731	~40,665)	27,297	5,363

A current	year		12	months	and prior year 12 m	onths combined position is	as follows:
							Net
						At	movement	At
						1.12.19	in funds	30.11.21
								F
Unrestricted		funds
General	fund					893,003	51,604	944,607
The Jim	Hastie		Memorial		Fund	4,184	185	4,369
						897,187	51,789	948,976
Restricted funds
MMM Scholarship				Fund		1,070	584	1,654
Magenta Fund West Midlands			Fund			667 2,097	~64)	667 2,033
						3,834	520	4,354
TOTAL	FUNDS					901,021	52,309	953,330

						Incoming	Resources	Gains and	Movement
						resources	expended	losses	in funds
									E
Unrestricted		funds
General	fund					48,527	(99,589)	102,666	51,604
The Jim	Hastie		Memorial		Fund	185			185
						48,712	(99,589)	102,666	51,789
Restricted funds
MMM Scholarship Fund West Midlands Fund						584	~64)		584 ~64)
						584	~64)		520
TOTAL	FUNDS					49,296	~99,653)	102,666	52,309