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2021-03-31-accounts

REGISTERED CHARITY NUMBER: 309614

Rrerspenrt Capapiiy Nie SARE

Report of the Trustees and Unaudited Financial Statements

for the Year Ended 31 March 2021

for

Stroud and Rodborough Educational Charity

GCSD Accountants Limited Chartered Accountants 701 Stonehouse Park Sperry Way Stonehouse Gloucestershire GL10 3UT

Stroud and Rodborough Educational Charity

Contents of the Financial Statements for the Year Ended 31 March 2021

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:

Page
Report ofthe Trustees 1 to 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10 to 11
Notes to the Financial Statements 12 to 21
DetailedStatementofFinancialActivities 22 to 23

es

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Stroud and Rodborough Educational Charity

Report of the Trustees for the Year Ended 31 March 2021

ee

The Trustees present their report with the financial statements of the Charity for the year ended 31 March 2021. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES Policies and objectives

The Trustees are responsible for safeguarding the assets of the Charity and for managing and letting of lands. Its objects are:

  1. To provide such special benefits of any kind not normally provided by the local education authority for Marling School, Stroud High School and Archway School.

  2. To promote the education of persons under the age of 25 who are resident in the area of benefit and are in need of financial assistance.

  3. To provide financial assistance to any charitable organisation in the area of benefit, the objects of which include the advancement of education, or the improvement of the conditions of life for such persons developing their physical, mental and moral capacities through leisure time activities.

The area of benefit shall mean the area of the parishes comprising Stroud Rural District that is to say Bisleywith-Lypiatt, Chalford, Cranham, Horsley, King Stanley, Leonard Stanley, Minchinhampton, Miserden, Painswick, Pitchcombe, Randwick, Rodborough, Stonehouse, Thrupp, Whiteshill, and Woodchester and the area of Stroud and Nailsworth Urban Districts.

Strategies for achieving objectives The Trustees wish to continue to support the benefit schools and young people in the area of benefit. This will be accomplished by the investment policy and the management of the property owned and let by the Charity to produce income.

The Trustees are happy that there are no significant issues that may affect the continuance of the Charity's aims. However due to the current financial climate donations to the area of benefit may reduce or fluctuate in line with the stock market performance.

Public benefit

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance ‘Public benefit: running a charity (PB2)'. The Trustees are not aware of any detriment caused by the Charity's objects or activities, and nor are they aware of anyone receiving any private benefit from the Charity's activities.

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Stroud and Rodborough Educational

Charity

Report of the Trustees for the Year Ended 31 March 2021

OBJECTIVES AND ACTIVITIES

Grantmaking

The total grants made during the year to 31st March 2021 were £62,764, this included grants to:

Stroud High School - £12,000 Marling School - £14,874 Archway School -£ 9,000

The remainder of the grants were distributed in accordance with the Charity's objectives. The Charity continued to fulfil its aims during the Covid pandemic and supplied laptops to primary school children in the area of benefit to assist with home schooling.

ACHIEVEMENT AND PERFORMANCE

Review of Charitable activities

During the year to 31st March 2020, the Charity has sold two flats at Downfield House. The flats had listed building status and were in need of modernisation. It was agreed that the sale of[the][flats][ would][be][of][benefit] to the Charity. The Trustees are in the process of selling another flat at Downfield House with listed status and also in need of modernisation. The proceeds will be invested in accordance with the Charity’s Investment Policy.

The Charity does not have any relationship with any charities or organisations other than being a beneficiary of the Stroud Feoffees Charity and the three Schools that come under the Charity's area of benefit.

Investment policy and performance

The Charity's investment powers are now conferred by the Trustees Act 2000, and any cash not required for immediate working purposes must be invested in the name of the Official Custodian for Charities unless the Charity Commission directs otherwise.

The Trustees have considered the most appropriate policy for investing funds and have found that specialised unit trusts designed for the charity sector, meet their requirements to generate both income and growth, The Trustees monitor the investments closely.

Risks and internal and external factors

The Trustees acknowledge their responsibility to assess and mitigate the major risks to which the Charity is exposed. The Trustees have conducted a review of the major risks to which the Charity is exposed and, where appropriate, systems or procedures have been established to mitigate those risks relating to fraud and error. Internal control risks are minimised by the implementation of procedures for authorisation of transactions.

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Stroud and Rodborough Educational Charity

Report of the Trustees for the Year Ended 31 March 2021

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FINANCIAL REVIEW

Financial position

The value of investments as at the year end was £1,283,113 (2020: £1,083,792). The increase was as a result of unrealised gains since the last financial year in the sum of £199,321. The total income received during the year amounted to £97,303 including donations from The Feoffees Charity, with expenditure totalling £143,107. This resulted in an operational deficit of 45,804, but after unrealised gains of 199,321 a net income for the year of 153,517.

Principal funding sources

The main sources of funds are derived from the investments held and managed by the investment managers appointed and rental income from the properties. During the year ended 31 March 2021 the Charity received donations from The Feoffees Charity.

Reserves policy

The Trustees have £20,000 reserve policy to cover any costs that may occur with the property owned by the Charity.

Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt a going concern basis in preparing the financial statements. The Trustees acknowledge the fact that investments are likely to fluctuate in the future which will possibly reduce the amount of income generated thus reducing the level of donations.

FUTURE PLANS AND DEVELOPMENT

The Trustees plan to continue to deliver charitable relief to the area of benefit by continuing to monitor the investments and make adjustments where necessary to achieve those aims.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Charity constitution

Stroud and Rodborough Educational Charity are two Charities brought together by a Charity Commission Scheme dated 20th February 1981, these being the Charity called the Stroud Educational Charity (regulated by a scheme made by the Board of Education on 2 December 1909) and the Charity called the Rodborough Educational Foundation (as constituted on 31st December 1912).

Sa

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Stroud and Rodborough Educational Charity

Report of the Trustees for the Year Ended 31 March 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

Recruitment and appointment of new trustees

Trustees

The body of Trustees of the Charity normally consist of twelve competent persons. One being a Hereditary Trustee and eleven Nominative Trustees. The Hereditary Trustee shall be the holder of the dignity and title of Baronet. This position is currently held by Sir Charles Marling who has tendered his resignation. On advice from the Charity Commission, the resignation cannot be accepted until the Charity scheme is revised and rewritten. The Trustees have applied to the Charity Commission to remove the position of Hereditary Trustee. They feel that they can fulfil the Charity’s aims with a reduced board of 11 Nominative Trustees.

There are currently 9 nominative trustees and one vacancy for an Archway representative and one SDC.

With the exception of the Hereditary Trustee, all Trustees are appointed by the body they represent. The Nominative Trustees are appointed as follows:

The Trustees shall hold at least two meetings per year.

Organisational structure and decision making

The Trustees meet four times per year. All decisions are made within the meetings and voted on should there not be unanimous agreement. The Trustees continued to meet remotely during the pandemic.

The positions of Chairman and Vice Chairman are proposed and voted on at the annual meeting every year.

Induction and training of new trustees

Trustees do not receive any formal training from the Charity. At the first meeting they are provided with a copy of the Charity's governing scheme documents and the aims of the Charity are explained by the Chairman. New Trustees sign an acceptance of office at the first meeting they attend. The Clerk is available to answer any questions.

All Trustees have been provided with a copy of the Charities Commission "Essential Trustee" Guidance booklet and understand their duties and responsibilities as trustees.

Related parties

One Nominative Trustees is a representative from the Feoffees Charity of which Trustees make donations to the Charity.

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Stroud and Rodborough Educational Charity

Report of the Trustees for the Year Ended 31 March 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT Risk management

The Trustees have a duty to identify and review the risks to which the Charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 309614

Principal address Shani Baker Clerk to the Trustees 14 Green Close Uley, Dursley Gloucestershire GL11 5TH

Trustees MrJ H Parker Mr B Oosthuysen Mrs E Bird Mr M Robinson Mr N Cooper - resigned 31% January 2021 Mrs C Mobbs Mr G Stanley Mr P Gibson Mr N Prenter Mr C Ryland

Independent Examiner Mr ST Dipple FCA GCSD Accountants Limited Chartered Accountants 701 Stonehouse Park Sperry Way Stonehouse Gloucestershire GL10 3UT

,

Solicitors WSP 3-7 Rowcroft Stroud Gloucestershire GL5 3BJ

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Stroud and Rodborough Educational Charity

Report of the Trustees for the Year Ended 31 March 2021

REFERENCE AND ADMINISTRATIVE DETAILS Investment Advisors BlackRock Investment Management Ltd 33 King William Street London EC4R 9AS

Bankers

HSBC Bank 4 King Street Stroud Gloucestershire GL5 3DS Coventry Building Society 43 Kings Street Stroud Gloucestershire GL5 3DS

CCLA Investment Management Ltd Senator House 85 Queen Victoria Street London EC4V 4ET

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Ff

Stroud and Rodborough Educational Charity Report of the Trustees for the Year Ended 31 March 2021

COVID -19 impact

The Trustees are concerned about the impact the pandemic is having on the investments. Trustees have been researching different investment management companies and their strategies to find the best way forward to protect the investments and get the best income possible, The Trustees have not held face to face meetings since January 2020, but are now planning on holding socially distanced face to face meetings from October, subject to changing government rules.

eH) Ns . . Approved by order of the board of Trustees on AO. October 2021 and signed on its behalf by: Mal. - Trustee

;

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Independent Examiner's Report to the Trustees of Stroud and Rodborough Educational Charity

Independent examiner's report to the Trustees of Stroud and Rodborough Educational Charity | report to the Charity Trustees on my examination of the accounts of Stroud and Rodborough Educational Charity (the Trust) for the year ended 31 March 2021.

Responsibilities and basis of report

As the Charity Trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act’).

| report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination | have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

| have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or

  2. 3, the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

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Mr S T Dipple FCA

GCSD Accountants Limited Chartered Accountants 701 Stonehouse Park Sperry Way Stonehouse Gloucestershire GL10 3UT Date: Poltofrort

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Stroud and Rodborough Educational Charity

Statement of Financial Activities for the Year Ended 31 March 2021

2021 2020
Unrestricted Endowment Total Total
fund funds funds funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 5,245 - 5,245 2,983
Charitable activities 4
Charitable 11,949 - 11,949 6,305
Investment income 3 78,915 1,194 80,109 73,839
Total 96,109 1,194 97,303 83,127
EXPENDITURE ON
Charitable activities 5
Charitable 129,119 814 129,933 85,089
Support and governance costs 8 13,174 - 13,174 20,000
Total 142,293 814 143,107 105,089
Net gains/(losses) on investments 192,738 6,583 199,321 (158,100)
NET INCOME/(EXPENDITURE) 146,554 6,963 153,517 (180,062)
RECONCILIATION OF FUNDS
Total funds broughtforward 1,551,578 38,069 1,589,647 1,769,709
TOTALFUNDSCARRIEDFORWARD 1,698,132 45,032 1,743,164 1,589,647

The notes form part of these financial statements

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:

Stroud and Rodborough Educational Charity

Balance Sheet 31 March 2021

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|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |2021|2020| |Unrestricted|Endowment|Total|Total| |fund|funds|funds|funds| |Notes|£|£|£|£| |FIXED|ASSETS| |Investments| |Investments|11|1,244,675|38,438|1,283,113|1,083,792| |Investment|property|42|401,113|-|401,113|401,113| |1,645,788|38,438|1,684,226|1,484,905| |CURRENT ASSETS| |Debtors|13|475|-|475|475| |Cash|at|bank|54,757|6,626|61,383|108,524| |55,232|6,626|61,858|108,999| |CREDITORS| |Amounts|falling|due|within|one|year|14|(2,888)|(32)|(2,920)|(4,257)| |NET|CURRENT|ASSETS|52,344|6,594|58,938|104,742| |TOTAL ASSETS|LESS|CURRENT|LIABILITIES|1,698,132|45,032|1,743,164|1,589,647| |NET ASSETS|1,698,132|45,032|1,743,164|1,589,647|

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The notes form part of these financial statements

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Stroud and Rodborough Educational Charity

Balance Sheet - continued 31 March 2021

ennOeran ee ee

FUNDS 15
Unrestricted funds:
General fund
Endowmentfunds
TOTALFUNDS
1,698,132 1,551,578
45,032 38,069
1,743,164 1,589,647

The financial statements were approved by the Board of Trustees and authorised for issue on XS. October 2021 and were signed on its behalf by:

M Robinson — Trustee

J Parker - Trustee

The notes form part of these financial statements

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Stroud and Rodborough Educational

Charity

Notes to the Financial Statements for the Year Ended 31 March 2021

  1. ACCOUNTING POLICIES

.

Basis of preparing the financial statements

The financial statements of the Charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

income

All income is recognised in the Statement of Financial Activities once the Charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the Charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Investment property

Investment property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.

Taxation

The Charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

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Stroud and Rodborough Educational Charity

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

for the Year Ended 31 March 2021 for the Year Ended 31 March 2021 for the Year Ended 31 March 2021 for the Year Ended 31 March 2021 for the Year Ended 31 March 2021
fe
ns
—C—‘“CSCSC—S—SCSSCCC(‘(NC
2 DONATIONS AND LEGACIES
2021 2020
£ £
Donations 5,245 2,983
3. INVESTMENT INCOME
2021 2020
£ £
Rents received 38,595 40,468
Investment income 41,395 32,942
Deposit account interest 119 429
80,109 73,839
4. INCOME FROM CHARITABLE ACTIVITIES
2021 2020
£ £
Insurance 11,949 6,305
5. CHARITABLE ACTIVITIES COSTS
Direct costs Grant funding
(see note activities (see
6) note 7) Totals
£ £ £
Charitable 76,316 53,617 129,933

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Stroud and Rodborough Educational Charity

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

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6. DIRECT COSTS OF CHARITABLE ACTIVITIES
2021 2020
£ £
Buildings insurance 11,591 9,046
Management commissions 1,273 2,442
Property expenses and repairs 13,360 6,604
School of Science and Artexpenses 47,778 4,436
Prizes 2,314 797
76,316 22,325
7. GRANTS PAYABLE
2021 2020
£ £
Charitable 53,617 62,764
The total grants paid to institutions during the yearwas as follows:
2021 2020
£ £
Stroud High School 12,000 11,669
Archway School 9,000 10,423
Marling School 14,874 12,000
Grants to other institutions 9,741 14,672
)
45,615 48,764
The total grants paid to individuals duringthe yearwas as follows:
2021 2020
£ £
Grantstoindividuals 8,002 14,000

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Stroud and Rodborough Educational Charity

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

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8. SUPPORT COSTS

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||||||| |---|---|---|---|---|---| |Governance| |Management|costs|Totals| |£|£|£| |Other|resources|expended|9,676|3,498|13,174| |9,676|3,498|13,174|

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9. TRUSTEES’ REMUNERATION AND BENEFITS

There were no Trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020. .

Trustees' expenses

There were no Trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.

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|||||||| |---|---|---|---|---|---|---| |10.|COMPARATIVES|FOR THE STATEMENT OF|FINANCIAL|ACTIVITIES|- 2020| |Unrestricted|Endowment|Total| |fund|funds|funds| |INCOME|AND|ENDOWMENTS|FROM|£|ia|£| |Donations|and|legacies|,|2,983|-|2,983| |Charitable|activities| |Charitable|6,305|-|6,305| |Investment|income|72,638|1,201|73,839| |Total|81,926|1,201|83,127| |EXPENDITURE|ON| |Charitable|activities| |Charitable|104,292|797|105,089| |Total|104,292|797|105,089| |Net|gains/(losses)|on|investments|(157,058)|(1,042)|(158,100)| |NET INCOME /|(EXPENDITURE)|(179,424)|(638)|(180,062)|

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Stroud and Rodborough Educational Charity

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

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10. COMPARATIVES FORTHESTATEMENTOF FINANCIALACTIVITIES ACTIVITIES -continued ACTIVITIES -continued
Unrestricted Endowment Total
fund funds funds
£ £ £
Transfers between funds - - -
Netmovement infunds (179,424) (638) (180,062)
RECONCILIATION OF FUNDS
Totalfunds broughtforward 1,731,002 38,707 1,769,709
TOTAL FUNDSCARRIEDFORWARD 1,551,578 38,069 1,587,647
11. FIXED ASSET INVESTMENTS
Listed
investments
£
MARKET VALUE
At 1 April 2020
Additions		 1,083,792
2
Revaluations 199,321
At31 March 2021 1,283,113
NET BOOK VALUE
At31 March 2021 1,283,113
At31 March 2020 1,083,792
TherewerenoinvestmentassetsoutsidetheUK.

tt

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Stroud and Rodborough Educational Charity

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

ssee

12. INVESTMENT PROPERTY

FAIR VALUE £
At 1 April 2020
Addition / (Disposals)		 401,113
-
At 31 March 2021 401,113
NET BOOK VALUE
At31 March 2021 401,113
At31March2020 401,113

The Stroud and Rodborough Educational Charity owns freehold property (in addition to the above mentioned) known as the Stroud School of Science and Art. The historical cost or fair value cannot be measured reliably and therefore is not recognised within the financial statements. 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021 2020
Rents receivable £
475		 £
475
14, CREDITORS:AMOUNTS FALLING DUEWITHIN ONEYEAR
2021 2020
Trade
Othercreditors		 creditors
creditors		 £
1,120
1,800		 £
2,457
1,800
2,920 4,257

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Stroud and Rodborough Educational Charity

.

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

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||||||| |---|---|---|---|---|---| |15.|MOVEMENT|IN|FUNDS| |Net|Transfers| |movement|between|At| |At|1.4.20|in|funds|funds|31.3.21| |£|£|£|£| |Unrestricted|funds| |General|fund|1,551,578|146,554|-|1,698,132| |Endowment|funds| |Endowment|funds|38,069|6,963|-|45,032| |38,069|6,963|-|45,032| |TOTAL FUNDS|1,589,647|153,517|-|1,743,164|

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Net movement in funds, included in the above are as follows:

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|||||| |---|---|---|---|---| |Incoming|Resources|Gainsand|Movement| |resources|expended|losses|in|funds| |£|£|£|£| |Unrestricted|funds| |General fund|96,109|(142,293)|192,738|146,554| |Endowment|funds| |Endowment funds|1,194|(814)|6,583|6,963| |1,194|(814)|199,321|(638)| |TOTAL FUNDS|97,303|(143,107)|199,321|153,517|

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Stroud and Rodborough Educational Charity

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

15. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net Transfers
movement between At
At 1.4.19 in funds funds 31.3.20
£ £ if £
Unrestricted funds
General fund 1,731,002 (179,424) - 1,551,578
Endowment funds
Endowment funds 38,707 (638) - 38,069
TOTALFUNDS 1,769,709 (180,062) - 1,589,647

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£ £ £ £
Unrestricted funds
General fund 81,926 (104,292) (157,058) (179,424)
Endowment funds
Endowment funds 1,201 (797) (1,042) (638)
TOTALFUNDS 83,127 (105,089) (158,100) (180,062)

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Stroud and Rodborough Educational Charity

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

15. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net Transfers
movement between At
At 1.4.19 in funds funds 31.3.21
£ £ £ £
Unrestricted funds
General fund 1,731,002 (32,870) - 1,698,132
Endowment funds
Endowment funds 38,707 6,325 - 45,032
38,707 6,325 - 45,032
TOTALFUNDS 1,769,709 (26,545) - 1,743,164

A current year 12 months and prior year 12 months combined net movement in funds, included in the above, are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£ £ £ £
Unrestricted funds
General fund 178,035 (246,585) 35,680 (32,870)
Endowment funds
Endowment funds 2,395 (1,611) 5,541 6,325
2,395 (1,611) 5,541 6,325
TOTALFUNDS 180,430 (248,196) 41,221 (26,545)

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Stroud and Rodborough Educational

Charity

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

16. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2021.

17. OTHER TANGIBLE FIXED ASSETS AND LEASES

In addition to the investment properties and the Stroud School of Science and Art building, the Charity owns land and buildings currently occupied by Marling School and Stroud High School. Under clause 20 of the Charity Commission Scheme and the trust deed, Trustees may continue to allow to appropriate the land and buildings to them for their use for educational purposes.

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Stroud and Rodborough Educational Charity

Detailed Statement of Financial Activities

for the Year Ended 31 March 2021

2021 2020
Unrestricted Endowment Total Total
funds funds funds funds
£ £ £ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 5,245 - 5,245 2,983
Investment income
Rents received 38,595 - 38,595 40,468
Investment income 40,272 1,123 41,395 32,942
Deposit account interest 48 71 119 429
78,915 1,194 80,109 73,839
Charitable activities
Insurance 11,949 - 11,949 6,305
Total incoming resources 96,109 1,194 97,303 83,127
EXPENDITURE
Charitable activities
Buildings Insurance 11,591 - 11,591 9,046
Management commissions L2/3 - 1,273 1,442
Property expenses and repairs 13,360 - 13,360 6,604
Prizes 1,500 814 2,314 797
School of Art expenses 47,778 - 47,778 4,436
Grants to institutions 45,615 - 45,615 48,764
Grants to individuals 8,002 - 8,002 14,000
129,119 814 129,933 85,089
Support costs
Management
Website costs 140 - 140 140
Carriedforward 140 - 140 140

This page does not form part of the statutory financial statements

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Stroud and Rodborough Educational Charity

Detailed Statement of Financial Activities

for the Year Ended 31 March 2021

2021 2020
Unrestricted Endowment Total Total
funds funds funds funds
£ £ £ £
Management
Brought forward 140 - 140 140
Telephone 163 - 163 203
Printing and stationery 574 - 574 130
Postage 312 - 312 288
Clerk's fees 8,467 - 8,467 8,319
Travel 20 - 20 21
9,676 - 9,676 9,101
Governance costs
Legal and professional fees 1,698 - 1,698 8,380
Accountancy and examiner's fee 1,800 - 1,800 2,519
3,498 - 3,498 10,899
Total resources expended 142,293 814 143,107 105,089
Netincome/(expenditure) (46,184) 380 (45,804) (21,962)

This page does not form part of the statutory financial statements

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