| 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 |