# ## ## ## ||||Page| |---|---|---|---| |Reference and administrative||details ofthe Charity, its Trustees and advisers|| |Trustees'
report|||2-5| |Independent
auditor's|report|on the financial statements|6-8| |Statement offinancial|activities||| |Balance sheet|||10| |Statement ofcash flows|||| |Notes to the financial|statements||12-20| ## |Trustees||Mrs CSBevan, Chairman1|Mrs CSBevan, Chairman1|Mrs CSBevan, Chairman1|Mrs CSBevan, Chairman1|| |---|---|---|---|---|---|---| |||Mr R Couzensl||||| |||Prof C C L Drummond||||| |||DrJJefferies||||| |||Mrs C LJordan||||| |||Mrs K Ringhaml||||| |||Mrs K Stringer||||| |||Mrs C0Warriner||(appointed||1 July 2020)| |||'||||| |||Investment
sub-committee||||| |Charity registered||||||| |number||309679||||| |Principal office||Headington
School||Oxford||| |||OX3 OBL||||| |Independent|auditor|Crowe U.K. LLP||||| |||Carrick House||||| |||Lypiatt Road||||| |||Cheltenham||||| |||GL50 2QJ||||| |Bankers||Barclays Bank pic||||| |||PO Box333||||| |||Oxford||||| |||OX1 3HS||||| |Solicitors||Rickerby's
LLP||||| |||Ellenborough
House||||| |||Wellington
Street||||| |||Cheltenham||||| |||Gloucestershire||||| |||GL50 2QJ||||| |Investment|Advisers|Rathbone
Investment|||Management|| |||Port of Liverpool|Building|||| |||Pier Head||||| |||Liverpool||||| |||L3 1NW||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||Unrestricted|Restricted|Endowment|Total|Total| |---|---|---|---|---|---|---|---|---| |||||funds|funds|funds|funds|funds| |||||2020|2020|2020|2020|2019| ||||Note|||P.||| |Income
from:||||||||| |Donations||||||||100| |Investments||||49,188|15,208||64,396|70,655| |Total income||||49,188|15,208||64,396|70,755| |Expenditure
on:||||||||| |Raising funds:||||||||| |Financing costs||||||||15| |Investment||||||||| |management||||14,712|5,188||19,900|20,463| |Charitable
activities||||36,809|26,551||63,360|71,656| |Total expenditure||||51,530|31,739||83,269|92,134| |Net (losses)/gains||on||||||| |investments||||(140,531)|(20,832)||(161,363)|55,006| |Net movement
funds|in|||(142,873)|(37,363)||(180,236)|33,627| |Reconciliation|of|||||||| |funds:||||||||| |Total funds brought||||||||| |forward||||2,210,534|765,199|5|2,975,738|2,942,111| |Net movement|in funds|||(142,873)|(37,363)||(180,236)|33,627| |Total funds carried
forward||||2,067,661|727,836|5|2,795,502|2,975,738| ## ## ||||||2020||2019| |---|---|---|---|---|---|---|---| ||||Note||||| |Fixed assets|||||||| |Investments|||||2,780,794||2,962,057| ||||||2,780,794||2,962,057| |Current assets|||||||| |Cash at bank and|in|hand||18,112||15,381|| |||||18,112||15,381|| |Creditors: amounts||falling due within one|||||| |year|||10|(3,404)||(1,700)|| |Net current assets|||||14,708||13,681| |Total net assets|||||2,795,502||2,975,738| |Charity funds|||||||| |Endowment
funds|||12||5||5| |Restricted funds|||12||727,836||765,199| |Unrestricted
funds|||12||2,067,661||2,210,534| |Total funds|||||2,795,502||2,975,738| ## ## ||||||2020|2019| |---|---|---|---|---|---|---| |||||Note||| |Cash flows from operating|activities|||||| |Net cash used
in operating|activities||||(61,656)|(69,606)| |Cash flows from investing|activities|||||| |Dividends
and interest from|investments||||64,396|70,655| |Proceeds from sale of investments|||||1,788,967|2,583,990| |Purchase
of investments|||||(1,769,067)|(2,563,527)| |Net cash provided
by investing
activities|||||84,296|91,118| |Cash flows from financing|activities|||||| |Finance costs paid|||||(9)|(15)| |Investment
management
charges|||||(19,900)|(20,463)| |Net cash used in financing|activities||||(19,909)|(20,478)| |Change
in cash and cash|equivalents|in|the year||2,731|1,034| |Cash and cash equivalents|at the beginning||of the year||15,381|14,347| |Cash and cash equivalents|at the end|of|the year|15|18,112|15,381| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---|---|---| |||||funds|funds|funds|funds| |||||2020|2020|2020|2019| |Bank interest||||49,137|15,208|64,345|70,417| |Income from||listed investments||51||51|238| |||||49,188|15,208|64,396|70,655| |Total 2019||||53,997|16,658|70,655|| |Investment||management|costs||||| |||||Unrestricted|Restricted|Total|Total| |||||funds|funds|funds|funds| |||||2020|2020|2020|2019| |Investment|management||fees|14,712|5,188|19,900|20,463| |Total 2019||||15,180|5,283|20,463|| ## ## ||||||Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---|---|---|---| ||||||funds|funds|funds|funds| ||||||2020|2020|2020|2019| |Charitable|activities||||36,809|26,551|63,360|71,656| |Total 2019|||||55,001|16,655|71,656|| |Expenditure||on charitable||activities||||| ||||||||2020|2019| |Charitable||Donations||||||| |Made to Headington|||School|Oxford Limited|||60,000|70,000| ## ## |||2020|2019| |---|---|---|---| |||F|| |Auditor's|remuneration||| |Audit services||1,704|1,656| |Non-audit|services|1,656|| |||3,360|1,656| ## ## ## ## ||Listed|Other|| |---|---|---|---| ||investments|investments|Total| |Cost or valuation|||| |At 1 August 2019|2,824,316|137,741|2,962,057| |Additions|886,546|882,521|1,769,067| |Disposals|(882,477)|(906,490)|(1,788,967)| |Revaluations|(161,363)||(161,363)| |At 31July 2020|2,667,022|113,772|2,780,794| ## ## ||||||2020|2019| |---|---|---|---|---|---|---| ||Accruals||||3,404|1,700| |11.|Financial|instruments||||| ||||||2020|2019| ||Financial|assets||||| ||Financial|assets measured|at fair value through|income and expenditure|2,780,794|2,962,057| ## ## ## ## ## |12.|Statement||offunds (continued)|||||| |---|---|---|---|---|---|---|---|---| ||Statement||offunds - prior year|||||| |||||Balance at||||| |||||1August|||Gains'|Balance at| |||||2018|Income|Expenditure|(Losses)|31Ju/y 2019| ||Unrestricted||funds|||||| ||Designated||Fund|2,185,991|53,997|(70, f96)|40,742|2,2f0,534| ||Endowment||funds|||||| ||Endowment||Fund|||||| ||Restricted||funds|||||| ||Restricted|Fund||756,115|16,758|(21,938)|14,264|765,199| ||Total offunds|||2,942,111|70,755|(92,134)|55,006|2,975,738| |Analysis|of net assets between fund|s - current period|||| |---|---|---|---|---|---| |||Unrestricted|Restricted|Endowment|Total| |||funds|funds|funds|funds| |||2020|2020|2020|2020| |Fixed asset investments||2,042,228|738,566||2,780,794| |Current|assets|28,837|(10,730)||18,112| |Creditors|due within one year|(3,404)|||(3,404)| |Total||2,067,661|727,836|5|2,795,502| ## ## |Analysis of net assets between funds|- prior period|||| |---|---|---|---|---| ||Unrestricted|Restricted|Endowment|Total| ||funds|funds|funds|funds| ||2019|2019|2019|2019f| |Fixed asset investments|2,197,471|764,586||2,962,057| |Current assets|14,763|613||15,381| |Creditors due within one year|(1,700)|||(1,700)| |Total|2,210,534|765,199|5|2,975,738| |||||2020|2019| |---|---|---|---|---|---| |||||F|| |Net (expenditure)/income|for|the year (as per the Statement|of Financial||| |Activities)||||(180,236)|33,627| |Adjustments
for:|||||| |Losses/(gains)
on investments||||161,363|(55,006)| |Dividends
and interest from investments||||(64,396)|(70,655)| |Decrease
in debtors|||||1,870| |Increase
in creditors||||1,704|80| |Finance costs||||9|15| |Investment
management||||19,900|20,463| |Net cash used in operating||activities||(61,656)|(69,606)| |15.|Analysis ofcash and cash equivalents|| |---|---|---| |||2020| ||Cash at bank and in hand|18,112| ||Total cash and cash equivalents|18,112| ## ## ## |||||||At|1|August|||At|31July| |---|---|---|---|---|---|---|---|---|---|---|---|---| |||||||||2019|Cash|flows||2020| |Cash|at|bank|and|in|hand|||15,381||2,731||18,112| |||||||||15,381||2,731||18,112| ##