2022-03-31-accounts - Magdalen And Lasher Educational Foundation

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

		2022	2021
		Unrestricted	Total
		funds	funds
	Notes	8	8
INCOME AND ENDOWMENTS FROM
Investment income		270,733	260,465
EXPENDITURE ON
Charitable activities
lvtajor k Minor Grants		1283100	76,823
Grants in Aid and Bursaries		65,674	38,898
Governance costs		7,611	8,138
Legal fees re merger			4,992
WPF grants in year pre merger			5,348
Rental Property Expenses		20,785	21,494
Total		222,870	155,693
Net gains on investments		579,090	1,095,808
NET INCOME		626,953	1,200,580
Other recognised gains/(tosses)
Gains on revaluation offixed assets			1,868,029
Net movement in fends		626,953	3,068,609
RECONCILIATION OF FUNDS
Total funds brought foruard		8,884,508	5,815,899
TOTAL FUNDS CARRIED FORWARD		9,511,461	8,884,508

			2022	2021
			Unrestricted	Total
			funds	funds
		Notes	8
FIXEDASSETS
Investments
Investments			7,128,793	6,545,455
Investment property			2,130,000	2,130,000
			9,258,793	8,675,455
CURRENT ASSETS
Debtors: amounts	falling due within one year	7	1,061	1,061
Cash at bank			270,865	222,295
			271,926	223,356
CREDITORS
Amounts fidIing due within one year			(16,458)	(12,103)
NET CURRENT	ASSETS		255,468	211,253
TOTAL ASSETS	LESSCURRENT
LIABILITIES			9,514,261	8,886,708
CREDITORS
Amounts falling due after more than one year		9	(2,800)	(2,200)
NET ASSETS			9,511,461	8,884,508

FUNDS			10
Unrestricted funds:
General Fund					6,558456	6,174,979
Batlay-Hibbert					559,840	524,290
William Parker Designated		Fund			2,393,365	2,185,239
					9,511,461	8,884,508
TOTAL FUNDS					9,511,461	8,884,508
The Snancial statements	were approved		by the Board ofTrustees and authorised	for issue on	....R3)!..l+............
and were signed on its behalf		by:

INVESTMENT INCOME
	2022	2021
	0
Rental income receivable Dividends	74,970 195,763	73,597 186,861
Deposit account interest		7
	270,733	260,465

		Listed
		investments
Market value
At 1April 2021 Additions Revaluations		6,545,455 4,248 579,090
At 31March 2022		7,128,793
Net book value
At 31March 2022		7%128i793
At 31 March 2021		6,545,455
There were no investment	assets outside the UK.

DEB	TORS:AMOUNTS FALLING DUE WITH	IN ONE YEAR
		2022	2021
		5	8
Rent	arrears	1,061	1,061

CRED	ITOR		S: AMOUN	TS FA	LLING DUE WITHIN ONE	YEAR
							2022	2021
Grants in aid Accruals and			- Bursaries deferred incotne				9,900 6&l58	8,500 3,603
							16&458	12,103
CREDITORS: AMOUNTS FALLING DUE AFTER MORE						THAN ONE YEAR
							2022	2021
							5
Grants	in aid		- Bursaries				2,800	2,200
MOVEMENT IN FUNDS
							Net
							movement	At
						At1.4.21	in funds f	312.22
Unrestricted			funds
General Fund Batlay-Hibbert William Parker Designated				Fund		6,174,979 524&290 2,185,239	383,277 35450 208,126	6,558,256 559,840 2493,365
						8,884,508	626,953	9,511,461
TOTAL	FUNDS					8,884,508	626,953	9&i11,461
Net movement			in funds, included		in the above are as follosvs:
					Incoming	Resources	Gains and	Movement
					resources	expended	losses	in funds
					5	5	f.	5
Unrestricted		funds
General	Fund				200,125	(189423)	372,375	383,277
Batley-Hibbert Willimn Parker			Designated	Fund	14,795 55,813	(22,100) (11,547)	42,855 163,860	35,550 208,126
					270,733	(222,870)	579,090	626,953
TOTAL	FUNDS				270,733	(222,870)	579,090	626,953

Comparatives	for moveme	nt in fuads
				Net
				movement	At
			At 1.4.20	in fuads	31.3.21
Unrestricted	funds
General Fund			5,384,275	790,704	6,174,979
Batley-Hibbert William Parker Designated		Fund	431,624	92,666 2,185,239	524,290 2,185,239
			5,815,899	3,068,609	8,884,508
TOTAL FUNDS			5,815,899	3,068,609	8,884,508

Comparative	net movement	in funds, includ	ed in the above are as	follows:
			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
Unrestricted	funds
General Fund			180,451	(125,699)	735,952	790,704
Batlay-Hibbert William Parker Designated		Fund	14,504 65,510	(6,878) (23,116)	85,040 2,142,845	92,666 2,185,239
			260,465	(155,693)	2,963,837	3,068,609
TOTAL FUNDS			260,465	(155,693)	2,963,837	3,068,609

				Net
				movement	At
			At 1.4.20	in funds	31.3.22
Unrestricted	funds
General Fund			5,384,275	1,173,981	6,558456
Batley-Hibbert William Parker Designated		Fund	431,624	128,216 2,393,365	559,840 2,393,365
			5,815,899	3,695,562	9,511,461
TOTAL FUNDS			5,815,899	3,695,562	9,511,461

			Incoming	Resources	Gains and	Movement
			resources f	expended f	lasses f	in funds f
Unrestricted	funds
General Fund Batley-Hibbert William Parker Designated		Fund	380,576 29,299 121,323	(314,922) (28,978) (34,663)	1,108,327 127,895 2,306,705	1,173,981 128,216 2,393,365
			531,198	(378,563)	3,542,927	3,695,562
TOTAL FUNDS			531,198	(378,563)	3,542,927	3,695,562

	2021	2020
COIF Investments Investment proptxty	586,151	1,095,808
Total	~548 684	~1095 8
INDEPENDENT EXAMINER REMUNERATION

	2022	2021
		8
INCOME AND ENDOWMENTS
Investment income
Rental income receivable	74,970	73,597
Dividends	195,763	186,861
Deposit account interest		7
	270,733	260,465
Total incoming resources	270,733	260,465
EXPENDITURE
Charitable activities
Major and Minor Grants Grants in Aid and Bursaries	128,800 65,674	82,171 38,898
	194,474	121,069
Rental Property Expenses Insurance	2,954	1,865
Expenditure on properties Comtnission to Smart Property Solutions Commission to Meridian Propert	9,144 6,931 1,756	11,522 8,107
	20,785	21,494
Support costs
Governance costs
Contribution to OHH otfice costs	2,088	2,074
Independent examination fees Bank charges Contribution to OHH payroll costs Legal and professional fees	1,458 69 3,996	2,094 60 3,910 4,992
	7,611	13,130
Total resources expended	222,870	155,693
Net income	47,863	104,772