# ## |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| ## ## ## ## ## ## ## ##