2020-08-31-accounts - The Heights Educational Bursary Trust Limited

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			Page
Report ofthe Trustees		1	to	6
Independent Examiner's Report
Statement ofFinancial	Activities
Balance Sheet
Notes to the Financial	Statements	10	to	15
Detailed Statement of	Financial Activities		16

								31.8.20	31.8.19
						Unrestricted	Restricted	Total	Total
						funds	fund	funds	funds
INCOME	AND ENDOWMENTS		FROM		Notes			8	f
Investment (Loss)/gain	income on sale offixed assets				2	42,161		42,161	18,337
									(409)
Total						42,161		42,161	17,928
EXPENDITURE ON
Charitable	activities
Investment costs Bursary preparation costs Bursaries						13,117 51,284 108,234		13,117 51,284 108,234	12,354 55,777 140,461
Other
						13		13	(160)
Total						172,648		172,648	208,432
Net gains on investments						35,876		35,876	66,659
NET INCOME/(EXPENDITURE)						(94,611)		(94,611)	(123,845)
RECONCILIATION OF FUNDS
Total funds	brought forward					1,656,124		1,656,124	1,779,969
TOTAL FUNDS CARRIED FORWARD						1,561,513		1,561,513	1,656,124
CONTINUING OPERATIONS
The statement	offinancial	activities	includes	all	gains and	losses recognised	in the year.

						31.8.20	31.8.19
	Bank interest received
	Investment	income				459	600
						41,702	17,737
						42,161	18,337
3.	CHARITABLE ACTIVITIES COSTS
				Investment	Bursaries	Bursary	31.08.2020
				Costs	Awarded	Preparation
						Costs
	Direct
	Support (see note 9) Governance (see note 9) Investment costs Total			13,117 13 117	108,234 ~108 2 4	9,163 42,121 51 284	108,234 9,163 42,121 13,117 ~172 35
	OTHER
						31.8.20	31.8.19
	Interest payable and similar charges Extraordinary Item - Closure ofSchool					13
							(160)
						13	(160)
.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)		is stated after charging/(crediting);
						31.8.20	31.8.19
	Deficit on disposal offixed assets						8
							409
	TRUSTEES'	REMUNERATION		AND BENEFITS

		Notes to the Financial	Notes to the Financial	Notes to the Financial	Statements	Statements	- continued	- continued	- continued
			for the Year Ended 31Au			ust		202
COMPARATIVES	FOR THE		STATEMENT OF FINANCIAL ACTIVITIES
								Unrestricted		Restricted	Total
									funds	fund	funds
INCOME AND ENDOWMENTS FROM
Investment income (Loss)/gain on sale offixed assets									18,337 (409)		18,337 (409)
Total
									17,928		17,928
EXPENDITURE ON
Charitable activities
Investment costs
Bursary preparation Bursaries	costs								12,354 55,777		12,354 55,777
								140,461			140,461
Other
									(160)		(160)
Total
								208,432			208,432
Net gains on investments									66,659		66,659
NET INCOME/(EXPENDITURE)								(123,845)			(123,845)
RECONCILIATION	OF FUNDS
Total funds brought	forward							1,779,969			1,779,969
TOTAL FUNDS CARRIED		FORWARD						1,656,124			1,656,124
EXTRAORDINARY	ITEMS -CLOSURE			OF SCHOOL
Included within other (f160)).	costs are Extraordinary			items	in relation		to the		closure of the	school of	anil (2019

Computer	and Sottware	and Sottware				2020	2019
Website						6566	f553
Other						6387	f515
Insurance						8512	61,174
Offices services and supplies						62,290 65408	62,290 f4 811
						I 3	8~9343
Governance		costs
Independent		Examiner fee				2020	2019
Legal and Consultancy fees Bookeeping and professional				fees		81,200 f34,759 g6 162	81,200 835,864 ~937
						8~42 121	8~46 434
FIXEDASSETINVKSTMKNTS
						Cash and
					Listed	settlements
					investments	pending	Totals
MARKET	VALUE
At I September 2019 Additions					1,459,699	5,148	1,464,847
Disposals						248,703	248,703
Revaluations					(207,001) 35,876	(233,117)	(440,118) 35,876
At 31 August		2020			1,288,574	20,734	1,309,308
NKT BOOK		VALUE
At 31 August		2020			1,288,574	20,734	1,309,308
At 31 August		2019			1,459,699	5,148	1,464,847
There were no		investment	assets outside the UK.

CREDITORS: AMO	UNTS FALLING DUE	WITHIN ONE YEAR
			31.8.20	31.8.19
Accounts Payable Other creditors Accruals and deferred	income		4,751 1,46] 5,000	12,804 1,461 5,000
			11,212	19,265
MOVEMENT IN FUNDS
			Net
			movement	At
		At 1.9.19	in funds	31.8.20
Unrestricted funds
General fund		1,656,124	(94,611)	1,561,513
TOTAL FUNDS		1,656,124	(94,611)	1,561,513

			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
Unrestricted		funds
General	fund		17,928	(208,432)	66,659	(123,845)
TOTAL	FUNDS		17,928	(208,432)	66,659	(123,845)

Unrestricted	Unrestricted	funds
General	fund
TOTAL	FUNDS

			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
Unrestricted		funds
General	fund		60,089	(381,080)	102,535	(218,456)
TOTAL	FUNDS		60,089	(381,080)	102,535	(218,456)

		Detailed	tatement ofFinancial Activities	tatement ofFinancial Activities
		for the	Year Ended 31Au	ust 2020
					31.8.20	31.8.19
INCOME AND ENDOWMENTS
Investinent income
Bank interest received Investment income					459	600
					41,702	17,737
					42,161	18,337
(Loss)/gain on sale	offixed assets
(Loss)/gain on sale	offixed assets
						(409)
Total incoming resources					42,161	17,928
EXPENDITURE
Charitable activities
Bursary preparation Bursary preparation Bursaries	costs - Support costs costs - Governance costs				9,163 42,121	9,343 46,434
Investment costs					108,234	140,461
					13,117	12,354
					172,635	208,592
Other
Finance costs
Extraordinary Item -	Closure ofSchool				13
						(160)
					13	(160)
Total resources expended					172,648	208,432
Net expenditure before gains and losses					(130,487)	(190,504)
Realised recognised	gains and losses
Realised gains/losses	on investments				35,876	66,659
Net expenditure					(94,611)	(123,845)