| ORIGINS OFTHE CHARITY | ||
|---|---|---|
| TRUSTEE'S ANNUAL REPORT . | ||
| ACHIEVEMENTS AND PERFORMANCE |
||
| FINANCIAL REVIEW. | ||
| TRUSTEE'S RESPONSIBILITIES.. | ||
| INDEPENDENT AUDITOR'S REPORT | ||
| STATEMENT OF FINANCIAL ACTIVITIES.. | 14 | |
| BALANCE SHEET | 15 | |
| NOTES TO THE FINANCIAL STATEMENTS.. | 16 | |
| REFERENCE AND ADMINISTRATION | DETAILS.. |
| 2020/21 | 2020/21 | 2020/21 | 2019/20 | |||
|---|---|---|---|---|---|---|
| Unrsstrtcted | Endowment | Total | Total | |||
| Notes | Funds | Funds | Funds | Funds | ||
| 8 | 8 | 8 | E | |||
| Income and endowments | from: | |||||
| Voluntary Income |
2 | 221,282 | 221,282 | 257,984 | ||
| Investments | 3 | 47,786 | 47,786 | 37,137 | ||
| Total income | 269,068 | 269,088 | 295,121 | |||
| Expenditure on: |
||||||
| Charitable activities |
4 | 33,959 | 3$,959 | 41,797 | ||
| Other | 5 | 2,590 | 2,590 | 400 | ||
| Total e endlture |
36,549 | 36,549 | 42,197 | |||
| Net gains /(losses) on investments | 8, 12 | 222,751 | 222,751 | (203,790) | ||
| Fair Value Movements | 12 | 395 | $95 | |||
| Net Income and net movement | ||||||
| In funds | 232,519 | 223,146 | 455,665 | 49,134 | ||
| Reconciliation of | ||||||
| total funds: | ||||||
| Brought forward | 11,12 | 1,031,876 | 1,0$1,878 | 982,742 | ||
| Carried forward | 11,12 | 232,519 | 1,255,022 | 1,487,541 | 1,031,876 |
| AS AT 31 | MARCH | 2021 | |||
|---|---|---|---|---|---|
| Notes | 2021 | 2020 | |||
| Total | Total | ||||
| R | |||||
| Fixed assets: | |||||
| Investments | 1166,266 | 850,427 | |||
| Total fixed | assets | 1,166,260 | 850,427 | ||
| Current assets | |||||
| Cash at bank and in hand | 301,2$1 | 195,152 | |||
| Debtors | 31,202 | ||||
| Short-term deposits | 395 | ||||
| Total current assets | 332626 | 195,152 | |||
| Creditors: | Amounts | falling due within | |||
| one year | 10 | (11,547) | (13,703) | ||
| Net current | assets | $21261 | 181,449 | ||
| Total net assets | 11,12 | 1&7,541 | 1,031,876 | ||
| The funds | ofthe charity: | ||||
| Endowment | funds | 11,12 | 1,255,022 | 1,031,876 | |
| Unrestricted | funds | 11,12 | 232,519 | ||
| Total funds | 11,12 | 1&7,541 | 1,031,876 |
| Unrestricted | Endowment | |||
|---|---|---|---|---|
| funds | funds | |||
| 2020/21 | 2019/20 | |||
| f | ||||
| Donations | and legacies | 141,073 | 178,992 | |
| City ofLondon Corporation | match-funding | 80,209 | 78,992 | |
| Total | 221,282 | 257,984 |
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2020/21 | 2019/20 | ||
| f | |||
| Investment | income | 46,174 | 36,713 |
| Interest | 1612 | 424 | |
| Total | 47786 | 37,137 |
| Unrestricted | Endowment | Total | |
|---|---|---|---|
| As at S1March 2021 | funds | funds | 2020/21 |
| R | R | ||
| Bursaries awarded: | |||
| Direct costs | 33,501 | 33,501 | |
| Support costs | 458 | 458 | |
| Total | 33,959 | 33,959 |
| Unrestricted | Endowment | Total | |
|---|---|---|---|
| As at31 March 2020 | funds | funds | 2019/20 |
| f | E | ||
| Bursanes awarded: | |||
| Direct costs | 37,137 | 3,973 | 41,110 |
| Supportcosts | 687 | 687 | |
| Total | 37,137 | 4,660 | 41,797 |
| Unrestricted | Endowment | |
|---|---|---|
| funds | funds | |
| 2020/21 | 2019/20 | |
| R | F | |
| Raising funds | 2,139 | |
| Professional fees | 451 | 400 |
| Total | 2,590 | 400 |
| The value ofinvestments held by the |
charity are as follows: | |
|---|---|---|
| Total31 | Total 31 | |
| March 2021 | March 2020 | |
| 6 | ||
| Market value 1 April |
850,427 | 911,850 |
| Additions | 93,082 | 142,367 |
| Gain/ loss for the year |
222,751 | (203,790) |
| Market value 31March | 1,168,260 | 850,427 |
| Cost $1 March | 856,551 | 763,469 |
| Units held in Charities Pool | 1$1900 | 119,829 |
| The type of listed | investme | nts held as |
at 31 March was as follow | s: |
|---|---|---|---|---|
| Total31 | Total 31 | |||
| March 2021 | March 2020 | |||
| Equities | 1,088,120 | 755,179 | ||
| Pooled Units | 61,812 | 61,231 | ||
| CashheldbyFund | Mana | er | 18,S28 | 34,017 |
| Total | 1,166,260 | 850,427 |
| Total S1 | Total 31 | |
|---|---|---|
| March 2021 | March 2020 | |
| F | ||
| HMRC - Gift Aid | 18,198 | |
| Donations | 12,926 | |
| HMRC-VAT | 78 | |
| Total | 31,202 |
| 10. | CREDITORS —A | MOUNTS DU | E WITHIN | ONE YEAR | |
|---|---|---|---|---|---|
| Total31 | Total 31 | ||||
| March 2021 | March 2020 | ||||
| F | |||||
| Bursaries awarded | 11,547 | 13,703 | |||
| 11. | ANALYSIS OF NET ASSETS | BYFUND | |||
| Total $1 | Total 31 | ||||
| At 31 March 2021 | Unrestricted | Endowment | March 2021 | March 2020 | |
| f. | F. | F | |||
| Fixed assets- | |||||
| investments | 1,166,260 | 1,188,280 | 850,427 | ||
| Current assets | 232,519 | 100,309 | 332,828 | 195,152 | |
| Current liabilities | (11,547) | 11,547 | 13,703 | ||
| Total | 232,519 | 1,255,022 | 1,487,541 | 1,031,876 | |
| Total 31 | Total 31 | ||||
| At31 March 2020 | Unrestricted | Endowment | March 2020 | March 2019 | |
| E | |||||
| Fixed assets- | |||||
| Irlvestfrle nts | 850,427 | 850,427 | 911,850 | ||
| Current assets | 195,152 | 195,152 | 82,369 | ||
| Current liabilities | (13,703) | (13,703) | (11,477 | ||
| Total | 1,031,876 | 1,031,876 | 982,742 |
| Total 1 | Total 31 | ||||||
|---|---|---|---|---|---|---|---|
| April | Expendi- | Gains & | Fair | March | |||
| At 31March | 2021 | 2020 | Income f |
turs | (losses) | value | 2021 |
| Endowment | funds: | ||||||
| Expendable | |||||||
| endowment | 1,031,876 | 222,751 | 395 | 1,255,022 | |||
| Unrestricted | funds | 269,068 | 36,549 | 232,519 | |||
| Total funds | 1,031,876 | 269,068 | 36,549 | 222,751 | 395 | 1487 541 | |
| Total 1 | Total 31 | ||||||
| April | Expendi- | Gains & | Fair | March | |||
| At 31 March | 2020 | 2019 | Income | ture | (losses) | value | 2020 |
| R | R | F. | F. | ||||
| Endowment | funds: | ||||||
| Expendable | |||||||
| endowment | 982,742 | 257,984 | (5,060) | (203,790) | 1,031,876 | ||
| Unrestricted | funds | 37,137 | (37,137) | ||||
| Total funds | 982,742 | 295,121 | 42,197 | 203,790 | - | 1,031,876 |
| Related party | Connected | party | 2020/21 | 2019/20 | Detail of |
|---|---|---|---|---|---|
| transaction | |||||
| City ofLondon | The Trustee of | the | 80,209 | 78,992 | Match-funding up to |
| Corporation | charity | a maximum of2.5% |
|||
| oftuition fee income | |||||
| Charities Pool | The Trustee of | the | 46,174 | 36,713 | Distribution from the |
| charity | Charities Pool | ||||
| City ofLondon | The Trustee of | the | (458) | (687) | Bursary |
| Corporation | charity | administration costs |