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|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||||
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||||||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|
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||||||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|
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||||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|
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|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|
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|||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)|
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|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|
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|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|
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|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|
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|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|
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