This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.
2021-08-31-accounts
|
|
Unrestricted |
Endowment |
Restricted |
|
|
|
Notes |
Funds |
Funds |
Funds |
2021 |
2020 |
|
|
£000 |
£000 |
£000 |
£000 |
£000 |
| Income and endowments |
|
|
|
|
|
|
| from: |
|
|
|
|
|
|
| Donations |
1 |
550 |
- |
110 |
660 |
72 |
| Investments |
2 |
84 |
16 |
67 |
167 |
241 |
| Total income |
|
634 |
16 |
177 |
827 |
313 |
| Expenditure on: |
|
|
|
|
|
|
| Raising funds |
3 |
93 |
43 |
48 |
184 |
186 |
| Charitable activities |
4 |
30 |
49 |
303 |
382 |
460 |
| Governance costs |
5 |
7 |
0 |
0 |
7 |
4 |
| Total expenditure |
|
130 |
92 |
351 |
573 |
650 |
| Net income/(expenditure) |
|
504 |
(76) |
(174) |
254 |
(337) |
| Transfers between funds |
|
(9) |
0 |
9 |
- |
|
|
|
|
|
|
|
- |
| Net gains on investments |
|
1,783 |
823 |
914 |
3,520 |
1,230 |
| Net movement in funds |
|
2,278 |
747 |
749 |
3,774 |
893 |
| Reconciliation offunds: |
|
|
|
|
|
|
| Total funds brought |
|
|
|
|
|
|
| forward |
|
12,482 |
6,091 |
6,844 |
25,417 |
24,524 |
| Total funds carried forward |
|
14,760 |
6,838 |
7,593 |
29,191 |
25,417 |
|
Notes |
2021 |
2020 |
|
|
£000 |
£000 |
| Fixed assets |
|
|
|
Heritage assets
- ballet memorabilia |
6 |
32 |
32 |
| Investments |
7 |
28,301 |
24,797 |
| Total fixed assets |
|
28,333 |
24,829 |
| Current assets |
|
|
|
| Prepayments and accrued income |
|
|
|
| Cash at bank |
|
1,250 |
1,955 |
| Total current assets |
|
1,250 |
1,955 |
Uabilities
—falling due within one year |
|
|
|
Accruals
Connected charitycreditor |
8 |
(7)
(385) |
(4)
(1,363) |
| Total liabilities |
|
(392) |
(1,367) |
| Total net assets |
9 |
29,191 |
25,417 |
| The funds ofthe charity: |
|
|
|
| Unrestricted funds |
|
|
|
| General fund |
|
12,859 |
10,779 |
| Designated funds |
|
1,901 |
1,703 |
| Total unrestricted funds |
10 |
14,760 |
12,482 |
| Endowment funds |
11 |
6,838 |
6,091 |
| Restricted funds |
12 |
7,593 |
6,844 |
| Total charity funds |
|
29,191 |
25,417 |
|
Note |
2021 |
2020 |
|
|
£000 |
£000 |
| Cash flowsfrom operating activities: |
|
|
|
| Net cash (used in)by operating activities |
A below |
(888) |
(115) |
| Cashflows from investing activities: |
|
|
|
| Dividends and interest from investments |
|
166 |
230 |
| Interest receivable |
|
1 |
11 |
| Allocation offunds for investments |
|
(643) |
(116) |
| Net cash fused in)/used by provided by investingactivities |
|
(704) |
125 |
| Cash flows from financingactivities: |
|
|
|
| Receipt ofendowment |
|
660 |
72 |
| Net cash provided by investing activities |
|
660 |
72 |
| Change in cash in the reporting period |
|
(704) |
$2 |
| Cash at the beginning ofthe year |
|
1,955 |
1,873 |
| Cash at the end ofthe year |
B below |
1,250 |
1,955 |
| Reconciliation of cash flows from operating activities: |
Note A |
2021 |
2020 |
|
|
£000 |
£000 |
| Net income, from the statement offinancial activities |
|
3,774 |
893 |
| Adjustments for: |
|
|
|
| Gains on investments |
|
(3,520) |
(1,230) |
| Dividends, interest and rents from investments |
|
(167) |
(241) |
| Decrease in debtors |
|
- |
1 |
| (Decrease)! Increase in creditors |
|
(975) |
462 |
| Net cash (used in) by operating activities |
|
(888) |
(115) |
| Analysis of cash |
Note B |
2021 |
2020 |
|
|
£000 |
£000 |
| Cash at bank and in hand |
|
1,250 |
1,955 |
| DONATIONS |
|
|
|
2021 |
2020 |
|
£000 |
£000 |
| Legacies and gifts by individuals |
660 |
70 |
| Permanent endowments to set up named bursary awards |
- |
2 |
|
660 |
72 |
| INVEST |
MENT |
INCOME |
|
|
|
|
|
|
|
|
|
|
|
Total |
|
|
|
|
Unrestricted |
Endowment |
Restricted |
2021 |
2020 |
|
|
|
£000 |
£000 |
£000 |
£000 |
£000 |
| Income |
from |
securities: |
|
|
|
|
|
| Equities |
|
|
84 |
16 |
67 |
167 |
229 |
| Cash |
|
|
|
|
- |
|
12 |
|
|
|
84 |
16 |
67 |
167 |
241 |
|
|
|
|
|
|
Total |
|
|
|
|
Unrestricted |
Endowment |
Restricted |
2021 |
2020 |
|
|
|
£000 |
£000 |
£000 |
£000 |
£000 |
| Investment |
management |
costs |
93 |
43 |
48 |
184 |
186 |
| EXPENDITURE ON CHARITABLE |
ACTIVITIES |
|
|
|
|
|
|
|
|
Total |
|
|
Unrestricted |
Endowment |
Restricted |
2021 |
2020 |
|
£000 |
£000 |
£000 |
£000 |
£000 |
| Grants payable: |
|
|
|
|
|
| Grants to students |
- |
49 |
121 |
170 |
175 |
| Grants to the School |
30 |
- |
182 |
212 |
285 |
|
30 |
49 |
303 |
382 |
460 |
|
|
|
| GOVERNANCE COSTS |
2021 |
2020 |
|
£000 |
£000 |
| Fees payable to the auditorforthe statutory audit |
7 |
4 |
| INVESTMENTS |
|
|
|
2021 |
2020 |
|
£000 |
£000 |
| Market value brought forward |
24,797 |
23,523 |
| New money invested |
- |
- |
| Reinvested income |
167 |
230 |
| Proceeds received |
- |
- |
| Management charges |
(141) |
(186) |
|
24,823 |
23,567 |
| Net gain on revaluation |
3,478 |
1,230 |
| Market value carried forward |
28,301 |
24,797 |
| The investment portfolio is divided into the followingclasses: |
|
|
| Equities |
22,769 |
19,139 |
| Index-linked |
63 |
673 |
| Fixed interest |
2,681 |
1,855 |
| Credit and illiquid strategies |
667 |
838 |
| Gold |
509 |
808 |
| Forward foreign exchange |
- |
2 |
| Options |
239 |
257 |
| Hedge funds |
572 |
479 |
| Cash |
801 |
746 |
|
28,301 |
24,797 |
| ANALYSIS OF NET ASSETS BY FUND TYPE |
|
|
|
|
|
|
|
Net |
Total |
|
Fixed |
|
current |
Funds |
|
Assets |
Investments |
assets |
2021 |
| Funds: |
£000 |
£000 |
£000 |
£000 |
| Unrestricted general fund |
32 |
11,969 |
858 |
12,859 |
| Unrestricted designated funds |
- |
1,901 |
- |
1,901 |
| Endowment funds |
- |
6,838 |
- |
6,838 |
| Restricted funds |
- |
7,593 |
- |
7,593 |
|
32 |
28,301 |
858 |
29,191 |
| ANALYSIS OF NET ASSETS BY FUND TYPE 2020 |
|
|
Net |
Total |
|
Fixed |
|
current |
Funds |
|
Assets |
Investments |
assets |
2020 |
|
£000 |
£000 |
£000 |
£000 |
| Unrestricted general fund |
32 |
10,159 |
588 |
10,779 |
| Unrestricted designated funds |
- |
1,703 |
- |
1,703 |
| Endowment funds |
- |
6,091 |
- |
6,091 |
| Restricted funds |
- |
6,244 |
- |
6,844 |
|
32 |
24,797 |
588 |
25,417 |
| 10 |
UNRESTRICTED FUNDS |
|
|
|
|
|
|
|
|
|
Balance at 1 |
Income |
Expenditure |
Gains and |
|
Balance at |
|
|
|
September |
|
|
transfers |
|
31 |
August |
|
|
2020 |
|
|
|
|
|
2021 |
|
|
£000 |
£000 |
£000 |
|
£000 |
|
£000 |
|
General fund |
10,779 |
622 |
(87) |
1,545 |
|
|
12,859 |
|
Designated Sutton fund |
654 |
4 |
(5) |
|
89 |
|
742 |
|
Designated GBLWilson fund |
789 |
7 |
(36) |
|
104 |
|
864 |
|
Designated GT Sindell fund |
15 |
- |
- |
|
2 |
|
17 |
|
Designated Dulcie Pamela Tilley fund |
224 |
1 |
(2) |
|
31 |
|
254 |
|
Valarie Adams Award |
21 |
- |
- |
|
3 |
|
24 |
|
|
12,482 |
634 |
(130) |
1,774 |
|
|
14,760 |
|
UNRESTRICTED FUNDS 2020 |
Balance at 1 |
Income |
Expenditure |
Gains |
and |
Balance at |
|
|
|
September |
|
|
transfers |
|
31 August |
|
|
|
2019 |
|
|
|
|
|
2020 |
|
|
£000 |
€000 |
£000 |
£000 |
|
|
£000 |
|
General fund |
10,245 |
115 |
(83) |
|
502 |
10,779 |
|
|
Designated Sutton fund |
620 |
7 |
(5) |
|
32 |
|
654 |
|
Designated GBLWilson fund |
778 |
8 |
(35) |
|
38 |
|
789 |
|
Designated GT Sindell fund |
14 |
- |
- |
|
1 |
|
15 |
|
Designated Dulcie Pamela Tilley |
|
|
|
|
|
|
|
|
fund |
213 |
2 |
(2) |
|
11 |
|
224 |
|
Valarie Adams Award |
- |
20 |
|
|
1 |
|
21 |
|
|
11,870 |
152 |
(125) |
|
585 |
12,482 |
|
| 11 |
ENDOWMENT FUNDS |
|
|
|
|
|
|
|
Balance at 1 |
Income |
Expenditure |
Gains and |
Balance at |
|
|
September |
|
|
transfers |
31 August |
|
|
2020 |
|
|
|
2021 |
|
|
£000 |
£000 |
£000 |
£000 |
£000 |
|
Permanent endowmentfunds |
|
|
|
|
|
|
Askew Scholarship Fund |
252 |
- |
(2) |
34 |
284 |
|
Brian Shaw Memorial Fund |
86 |
- |
(1) |
12 |
97 |
|
Usherwood Fund |
51 |
- |
- |
7 |
58 |
|
J Edward Conway Fund |
99 |
- |
(1) |
13 |
111 |
|
McMillan Memorial Fund |
46 |
- |
- |
6 |
52 |
|
Calleva Foundation Fund |
718 |
- |
(5) |
98 |
811 |
|
Morris Kemp Foundation Fund |
401 |
- |
(3) |
54 |
452 |
|
John Dorrick Brookes Fund |
$8 |
- |
(1) |
12 |
99 |
|
Lynn SeymourAward |
23 |
- |
- |
3 |
26 |
|
Rob Wallace Scholarship Fund |
903 |
- |
(6) |
123 |
1,020 |
|
Prince ofWales Bursary Fund |
128 |
- |
(1) |
17 |
144 |
|
Charles Hallway Bursary Fund |
732 |
- |
(5) |
99 |
826 |
|
The Madeleine and Timothy Plaut |
|
|
|
|
|
|
Bursary Fund |
56 |
- |
- |
8 |
64 |
|
|
3,583 |
|
(25) |
486 |
4,044 |
|
Expendable endowment |
|
|
|
|
|
|
Ethel Rose Hart Fund |
521 |
3 |
(23) |
69 |
570 |
|
Joseph Lockwood Fund |
1,902 |
12 |
(43) |
256 |
2,127 |
|
Nellie Florence Watson Fund |
85 |
1 |
(1) |
12 |
97 |
|
|
2,508 |
16 |
(67) |
337 |
2,794 |
|
Total endowment funds |
6,091 |
16 |
(92) |
823 |
6,838 |
|
Balance at 1 |
Income |
Expenditure |
Gains and |
Balance at |
|
September |
|
|
transfers |
31 August |
| ENDOWMENT FUNDS 2020 |
2019 |
|
|
|
2020 |
|
£000 |
£000 |
£000 |
£000 |
£000 |
| Permanent endowmentfunds |
|
|
|
|
|
| Askew Scholarship Fund |
242 |
- |
(2) |
12 |
252 |
| Brian Shaw Memorial Fund |
83 |
- |
(1) |
4 |
86 |
| Usherwood Fund |
49 |
- |
- |
2 |
51 |
| J Edward Conway Fund |
95 |
- |
(1) |
5 |
99 |
| McMillan Memorial Fund |
44 |
- |
- |
2 |
46 |
| Calleva Foundation Fund |
688 |
- |
(5) |
35 |
718 |
| Morris Kemp Foundation Fund |
385 |
- |
(3) |
20 |
402 |
| John Dorrick Brookes Fund |
85 |
- |
(1) |
4 |
88 |
| Lynn Seymour Award |
22 |
- |
- |
1 |
23 |
| Rob Wallace Scholarship Fund |
864 |
- |
(7) |
44 |
901 |
| Prince of Wales Bursary Fund |
121 |
2 |
(1) |
6 |
128 |
| Charles Hollway Bursary Fund |
702 |
- |
(5) |
36 |
733 |
| The Madeleine and Timothy Plaut |
|
|
|
|
|
| Bursary Fund |
53 |
- |
|
3 |
56 |
|
3,433 |
2 |
(26) |
174 |
3,583 |
| Expendable endowment |
|
|
|
|
|
| Ethel Rose Hart Fund |
495 |
5 |
(4) |
25 |
521 |
| Joseph Lockwood Fund |
1,834 |
18 |
(43) |
93 |
1,902 |
| Nellie Florence Watson Fund |
106 |
1 |
(26) |
4 |
85 |
|
2,435 |
24 |
(73) |
122 |
2,508 |
| Total endowmentfunds |
5,868 |
26 |
(99) |
296 |
6,091 |
| 12 |
RESTRICTED FUNDS |
|
|
|
|
|
|
|
Balance at 1 |
Incoming |
Outgoing |
Gains and |
Balance at |
|
|
September |
resources |
resources |
transfers |
31 August |
|
|
2020 |
|
|
|
2021 |
|
|
£000 |
£000 |
£000 |
£000 |
£000 |
|
Dame Margot Fonteyn Fund |
734 |
4 |
(55) |
94 |
777 |
|
Hines Fund |
279 |
2 |
(12) |
37 |
306 |
|
Boscawen Fund |
54 |
- |
- |
7 |
61 |
|
John Lyons Charity Fund |
1 |
- |
- |
- |
1 |
|
Upper School Maintenance Fund |
1,654 |
9 |
(110) |
214 |
1,767 |
|
Noreen Mummery Fund |
1,121 |
7 |
(8) |
153 |
1,273 |
|
Elizabeth Mills Fund |
108 |
1 |
(1) |
15 |
123 |
|
Partnership & Access Fund |
559 |
4 |
(4) |
76 |
635 |
|
White Lodge Appeal Fund |
1,092 |
7 |
(91) |
138 |
1,146 |
|
Royal Ballet School Fund |
1,145 |
7 |
(8) |
157 |
1,301 |
|
Ashton Award |
16 |
- |
- |
2 |
18 |
|
Captain & Mrs John Moore Award |
16 |
- |
(1) |
2 |
17 |
|
Restricted income funds from |
|
|
|
|
|
|
permanent endowment funds |
|
|
|
|
|
|
Askew Scholarship Fund |
3 |
2 |
- |
1 |
6 |
|
Brian Shaw Memorial Fund |
2 |
1 |
- |
- |
3 |
|
Carolyn Usherwood Bequest |
3 |
- |
- |
- |
3 |
|
Edward Conway Fund |
- |
1 |
(10) |
9 |
- |
|
McMillan Memorial Fund |
2 |
111 |
(1) |
15 |
127 |
|
Calleva Foundation Fund |
7 |
5 |
(10) |
- |
2 |
|
Morris Kemp Foundation Fund |
- |
3 |
- |
- |
3 |
|
John Dorrick Brookes Fund |
5 |
1 |
- |
1 |
7 |
|
Lynn Seymour Prize Fund |
13 |
- |
- |
2 |
15 |
|
Rob Wallace Scholarship Fund |
9 |
6 |
(15) |
- |
- |
|
Prince ofWales Bursary Fund |
2 |
1 |
(3) |
- |
- |
|
Charles Hollway Bursary Fund |
17 |
5 |
(20) |
- |
2 |
|
The Madeleine and Timothy Plaut |
|
|
|
|
|
|
Bursary Fund |
2 |
- |
(2) |
- |
- |
|
|
6,844 |
177 |
(351) |
923 |
7,593 |
| RESTRICTED FUNDS 2020 |
Balance at 1 |
Incoming |
Outgoing |
Gains and |
Balance at |
|
September |
resources |
resources |
transfers |
31 August |
|
2019 |
|
|
|
2020 |
|
f000 |
£000 |
£000 |
£000 |
£000 |
| Dame Margot Fonteyn Fund |
748 |
8 |
(57) |
35 |
734 |
| Hines Fund |
284 |
3 |
(22) |
14 |
279 |
| Boscawen Fund |
50 |
1 |
|
3 |
54 |
| John Lyons Charity Fund |
1 |
- |
|
- |
1 |
| Upper School Maintenance Fund |
1,570 |
16 |
(12) |
80 |
1,654 |
| Noreen Mummery Fund |
1,139 |
11 |
(83) |
54 |
1,121 |
| Elizabeth Mills Fund |
103 |
1 |
(1) |
5 |
108 |
| Partnership & Access Fund |
531 |
5 |
(4) |
27 |
559 |
| White Lodge Appeal Fund |
1,183 |
10 |
(154) |
53 |
1,092 |
| Royal Ballet School Fund |
1,088 |
10 |
(8) |
55 |
1,145 |
| Ashton Award |
- |
15 |
- |
1 |
16 |
| Captain & Mrs John Moore Award |
- |
15 |
- |
1 |
16 |
| Restricted income funds from |
|
|
|
|
|
| permanentendowmentfunds |
|
|
|
|
|
| Askew Scholarship Fund |
13 |
2 |
(12) |
- |
3 |
| Brian Shaw Memorial Fund |
14 |
6 |
(18) |
- |
2 |
| Carolyn Usherwood Bequest |
2 |
1 |
|
|
3 |
| J Edward Conway Fund |
|
1 |
(20) |
19 |
|
| McMillan Memorial Fund |
2 |
|
|
|
2 |
| Calleva Foundation Fund |
|
7 |
|
|
7 |
| Morris Kemp Foundation Fund |
31 |
4 |
(35) |
- |
|
| John Dorrick Brookes Fund |
4 |
1 |
|
|
5 |
| Lynn Seymour Prize Fund |
12 |
|
- |
1 |
13 |
| Rob Wallace Scholarship Fund |
|
9 |
|
|
9 |
| Prince ofWales Bursary Fund |
1 |
1 |
|
|
2 |
| Charles Hollway Bursary Fund |
9 |
7 |
- |
1 |
17 |
| The Madeleine and Timothy Plaut |
|
|
|
|
|
| Bursary Fund |
1 |
1 |
|
|
2 |
|
6,786 |
135 |
(426) |
349 |
6,844 |
|
|
Unrestricted |
Endowment |
Restricted |
|
|
Notes |
Funds |
Funds |
Funds |
2020 |
|
|
£000 |
£000 |
£000 |
£000 |
| Income and endowments |
|
|
|
|
|
| from: |
|
|
|
|
|
| Donations |
1 |
35 |
2 |
35 |
72 |
| Investments |
2 |
117 |
24 |
100 |
241 |
| Total income |
|
152 |
26 |
135 |
313 |
| Expenditure on: |
|
|
|
|
|
| Raising funds |
3 |
92 |
44 |
50 |
186 |
| Charitable activities |
4 |
29 |
55 |
376 |
460 |
| Governance costs |
5 |
4 |
- |
- |
4 |
| Total expenditure |
|
125 |
99 |
426 |
650 |
| Net income/(expenditure) |
|
27 |
(73) |
(291) |
(337) |
| Transfers between funds |
|
(19) |
- |
19 |
- |
| Net gains on investments |
|
604 |
296 |
330 |
1,230 |
| Net movement in funds |
|
612 |
223 |
58 |
893 |
| Reconciliation offunds: |
|
|
|
|
|
| Total funds brought |
|
|
|
|
|
| forward |
|
11,870 |
5,868 |
6,786 |
24,524 |
| Total funds carried forward |
|
12,482 |
6,091 |
6,844 |
25,417 |