2021-03-31-accounts

Trustees
Nominated	trustees		Councillor AJoy
			Mr J McKell		(resigned	5 July 2021)
			Mr T Cross
			Councillor M Kemp-Gee
			Mr SCooney
			Ms L Campbell
			Mr M Green		(appointed	5 July 2021)
Co-opted trustees			Mr D Phillips
			Mr R Powell OBE		(appointed	1 October 2020)
			Ms L-AJones		(appointed	1 October 2020)
Chair			Mr D Phillips
Treasurer			Ms M McCormack
Custodian	trustee		Hampshire County	Council
Charity number			307277
Correspondence		address	Orchard House
			Morestead
			Hampshire
			SO21 1LZ
Independent	examiner		Fiander Tovell Limited
			Stag Gates House
			63/64 The Avenue
			Southampton
			Hampshire
			SO17 1XS
Solicitors			Coffin Mew LLP (Portsmouth)
			Third Floor
			1000Lakeside
			Western Road
			Portsmouth
			PO6 3EN
Investment	advisors		CCLA Investment	Management	Limited
			80 Cheapside
			London
			EC2V 6DZ

					Unrestricted	Endowment	Total	Total
					funds	funds
					2021	2021	2021	2020
				Notes	F	F	F	F
Income from:
Investments					89,406		89,406	90,901
Ex enditure on:
Charitable activities					137,248	12,932	150,180	145,488
Net (losses)/gains		on investments			89,680	587,681	677,361	(79,819)
Net incoming/(outgoing)			resources before
transfers					41,838	574,749	616,587	(134,406)
Gross transfers	between		funds		(62,296)	62,296
Net movement	in	funds			(20,458)	637,045	616,587	(134,406)
Fund balances	at 1 April		2020		593,738	12,133,226	12,726,964	12,861,370
Fund balances	at	31 March 2021			573,280	12,770,271	13,343,551	12,726,964

					2021	2020
				Notes	F
Fixed assets
Tangible assets				10	9,194,350	9,207,282
Investments				11	4,053,723	3,372,444
					13,248,073	12,579,726
Current assets
Cash at bank and	in	hand			96,978	148,678
Creditors: amounts		falling due within
one year				13	(1,500)	(1,440)
Net current assets					95,478	147,238
Total assets less	current		liabilities		13,343,551	12,726,964
Capital funds
Endowment funds	-	general		14	12,770,271	12,133,226
Income funds
Unrestricted funds					573,280	593,738
					13,343,551	12,726,964

			2021	2020
			F	F
Depreciation		ofschool buildings	12,932	12,932
Grants to	schools		134,530	130,000
			147,462	142,932
Governance		costs (see note 5)	2,718	2,556
			150,180	145,488
Analysis	by	fund
Unrestricted		funds	137,248	132,556
Endowment		funds	12,932	12,932
			150,180	145,488

Support	c	osts
			Governance	2021	2020
			costs
			F
Independent		examination	1,500	1,500	1,620
Clerk's fees			1,200	1,200	900
Clerk's expenses			18	18	36
			2,718	2,718	2,556
Analysed	between
Charitable		activities	2,718	2,718	2,556

		Unrestricted	Endowment	Total	Total
		funds	funds
			general
			2021	2021	2020
Revaluation	of investments	89,680	587,681	677,361	(79,819)
For the year	ended 31 March
2020		(11,950)	(67,869)		(79,819)

Tangible fix	ed asset	s
			Freehold	land and
				buildings
				F
Cost
At 1 April 2020				9,382,113
At 31 March	2021			9,382,113
Depreciation	and impairment
At 1 April 2020				174,831
Depreciation	charged	in the year		12,932
At 31 March	2021			187,763
Carrying amount
At 31 March	2021			9,194,350
At 31 March	2020			9,207,282

Fixed as	set investments
		COIF funds
Cost or	valuation
At 1 April	2020	3,372,444
Additions		3,918
Valuation	changes	677,361
At 31 March 2021		4,053,723
Carrying	amount
At 31 March 2021		4,053,723
At 31 March 2020		3,372,444

12	Financial		instruments			2021	2020
						F
	Carrying	amount of		financial assets
	Investments		measured	at fair value through	net income/expenditure	4,053,723	3,372,444
13	Creditors:		amounts	falling due within one	year
						2021	2020
						F	F
	Accruals					1,500	1,440

Endowment	fund	s
				Movement	in funds
		Balance at 1	Incoming	Resources	Transfers	Revaluation	Balance at 31
		April 2020	resources	expended		gains and	March 2021
						losses
			F		F	F	F
Permanent
endowment	fund	12,133,226		(12,932)	62,296	587,681	12,770,271
		12,133,226		(12,932)	62,296	587,681	12,770,271
				Movement	in funds
		Balance at 1	Incoming	Resources	Transfers	Revaluation	Balance at 31
		April 2019	resources	expended		gains and	March 2020
						losses
		f				F	F
Permanent
endowment	fund	12,151,731		(12,932)	62,296	(67,869)	12,133,226
		12,151,731		(12,932)	62,296	(67,869)	12,133,226

Analysis of net assets between funds
		Permanent	Unrestricted
		Endowment	Funds	Total
Fund balances at 31 March 2021 are represented	by:
Tangible assets		9,194,350		9,194,350
Investments		3,575,921	477,802	4,053,723
Current assets/(liabilities)			95,478	95,478
		12,770,271	573,280	13,343,551
		Permanent	Unrestricted
		Endowment	Funds	Total
		E	E	F
Fund balances at 31 March 2020 were represented	by:
Tangible assets		9,207,282		9,207,282
Investments		2,925,944	446,500	3,372,444
Current assets/(liabilities)			147,238	147,238
		12,133,226	593,738	12,726,964