## 

|||Page||
|---|---|---|---|
|Reference and Administrative<br>Details||||
|Trustees'<br>Report|2|to|6|
|Independent<br>Examiner's<br>Report||||
|Statement of Financial Activities||||
|Statement of Financial<br>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<br>and legacies|||||10,315|205|10,520|4,880|
|Other trading<br>activities|||||13,085||13,085|11,370|
|Investment<br>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<br>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<br>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<br>funds||||948,976|902,171|
|Restricted<br>funds||||4,354|4,213|
|TOTAL FUNDS||||953,330|906,384|





## 



## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 

|DONATIONS<br>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<br>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<br>activities||||||
||||||2021|2020|
|||||||F|
||Opening<br>stock||||8,871|8,615|
||Purchases||||816|1,234|
||Closing stock||||(8,985)|~8,871)|
||||||702|978|
||Investment<br>management||costs||||
||||||2021|2020|
|||||||E|
||Portfolio management||||8,706|8,375|
||Investment<br>advice||||2,304|2,036|
||||||11,010|10,411|
||Aggregate<br>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'<br>pension|contributions||to money purchase schemes|288|192|
||||||16,128|15,419|





## 

## 

## 

## 

## 

|The average<br>monthly|number of|emp|loyees<br>during<br>the year|was as follows:|||
|---|---|---|---|---|---|---|
||||||2021|2020|
|Administration|||||1|1|
|No employees<br>received emoluments|||in excess ofF60,000.||||
|COMPARATIVES<br>FOR THE STATEMENT OF FINANCIAL||||ACTIVITIES|||
|||||Unrestricted|Restricted|Total|
|||||funds|funds|funds|
|||||F|||
|INCOME AND ENDOWMENTS||FROM|||||
|Donations<br>and legacies||||4,501|379|4,880|
|Other trading<br>activities||||11,370||11,370|
|investment<br>income||||422||422|
|Other income||||2,059||2,059|
|Total||||18,352|379|18,731|
|EXPENDITURE ON|||||||
|Raising funds||||11,389||11,389|
|Charitable<br>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<br>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<br>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<br>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<br>Fund<br>West Midlands|||Fund|||667<br>2,097|~64)|667<br>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<br>Fund<br>West Midlands<br>Fund||||||205|~64)||205<br>~64)|
|||||||205|~64)||141|
|TOTAL|FUNDS|||||30,565|~58,988)|75,369|46,946|





## 

## 

## 

|Compar|atives||fo|r move|ment<br>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<br>net|movement<br>in fund|s,<br>included<br>in the above|are as follows:|||
|---|---|---|---|---|---|
|||Incoming|Resources|Gains and|Movement|
|||resources|expended|losses|in funds|
||||||E|
|Unrestricted<br>funds||||||
|General<br>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<br>combined<br>position<br>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<br>Fund<br>West Midlands|||Fund|||667<br>2,097|~64)|667<br>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<br>Fund<br>West Midlands<br>Fund||||||584|~64)||584<br>~64)|
|||||||584|~64)||520|
|TOTAL|FUNDS|||||49,296|~99,653)|102,666|52,309|



## 

##