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|---|---|---|---|
|Reference and administrative||details ofthe Charity, its Trustees and advisers||
|Trustees' report|||2-5|
|Independent
auditor's|report|on the financial statements|6-9|
|Statement offinancial|activities||10|
|Balance sheet||||
|Statement ofcash flows|||12|
|Notes to the financial|statements||13-21|
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|Trustees|||Mrs CSBevan, Chairman1|
|---|---|---|---|
||||Mr RCouzens1|
||||Prof C C L Drummond|
||||Dr J Jefferies|
||||Mrs C LJordan|
||||Mrs K Ringham1|
||||Mrs K Stringer|
||||Mrs C0Warriner|
||||Investment
sub-committee|
|Charity registered||||
|number|||309679|
|Principal|office||Headington
School Oxford|
||||OX3 OBL|
|Independent||auditor|Crowe U.K. LLP|
||||Fourth Floor|
||||StJames House|
||||StJames Square|
||||Cheltenham|
||||GL50 3PR|
|Bankers|||Barclays Bank pic|
||||PO Box333|
||||Oxford|
||||OX1 3HS|
|Solicitors|||Rickerby's
LLP|
||||Ellenborough
House|
||||Wellington
Street|
||||Cheltenham|
||||Gloucestershire|
||||GL50 2QJ|
|Investment||Advisers|Sarasin
&Partners|
||||Juxon House|
||||100St. Paul's Churchyard|
||||London|
||||EC4M 8BU|
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||||||Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|funds|fUflds|
||||||2021|2021|2021|2021|2020|
|||||Note||||||
|Income
from:||||||||||
|Investments|||||49,269|17,901||67,170|64,396|
|Total income|||||49,269|17,901||67,170|64,396|
|Expenditure|on".|||||||||
|Raising funds:||||||||||
|Financing costs|||||29|40||69||
|Investment||||||||||
|management|||||15,041|5,361||20,402|19,900|
|Charitable
activities|||||73,420|||73,420|63,360|
|Total expenditure|||||88,490|5,401||93,891|83,269|
|Net||||||||||
|(expenditure)/income||||||||||
|before net||||||||||
|gains/(losses)||on||||||||
|investments|||||(39,221)|12,500||(26,721)|(18,873)|
|Net gains/(losses)
investments|||on||383,024|128,701||511,725|(161,363)|
|Net movement|||in|||||||
|funds|||||343,803|141,201||485,004|(180,236)|
|Reconciliation||of||||||||
|funds:||||||||||
|Total funds brought||||||||||
|forward|||||2,067,661|727,836|5|2,795,502|2,975,738|
|Net movement||in funds|||343,803|141,201||485,004|(180,236)|
|Total funds carried||||||||||
|forward|||||2,411,464|869,037|5|3,280,506|2,795,502|
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|||||2021||2020|
|---|---|---|---|---|---|---|
|||Note|||||
|Fixed assets|||||||
|investments||||3277773||2,780,794|
|||||3,277,773||2,780,794|
|Current assets|||||||
|Cash at bank and|in hand||11„910||18,112||
||||11,910||18,112||
|Creditors: amounts|falling due within one||||||
|year||10|(9,177)||(3,404)||
|Net current assets||||2,733||14,708|
|Total net assets||||3,280,506||2,795,502|
|Charity funds|||||||
|Endowment
funds||12||5||5|
|Restricted funds||12||869,037||727,836|
|Unrestricted
funds||12||2,411,464||2,067,661|
|Total funds||||3,280,506||2,795,502|
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||||||2021|2020|
|---|---|---|---|---|---|---|
|||||Note|||
|Cash flows from operating|activities||||||
|Net cash used
in operating
activities||||14|(67,647)|(61,656)|
|Cash flows from investing|activities||||||
|Income from investments|||||67,170|64,396|
|Proceeds from sale of investments|||||3,383,376|1,764,998|
|Purchase
of investments|||||(3,482,398)|(1,769,067)|
|Net cash (used in)/provided|by investing||activities||(31,852)|60,327|
|Cash flows from financing|activities||||||
|Finance costs paid|||||(69)|I'9)|
|Investment
management
charges|||||(20,402)|(19,900)|
|Net cash used in financing|activities||||(20,471)|(19,909)|
|Change
in cash and cash|equivalents|in|the year||(119,970)|(21,238)|
|Cash and cash equivalents|at the beginning||ofthe year||131,884|153,122|
|Cash and cash equivalents|at the end|of|the year|15|11,914|13'/,884|
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|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2021|2021|2021|2020|
|Charitable|activities|73,420||73,420|63,360|
|Total 2020||36,809|26,551|63,360||
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|||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|
|Charitable|donations|made|to|Headington|School|Oxford|Limited|70,000|60,000|
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|||2021f|2020|
|---|---|---|---|
|Auditor's|remuneration|||
|Audit services||1,764|1,704|
|Non-audit|services|1,656|1,656|
|||3,420|3,360|
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||Listed|Other||
|---|---|---|---|
||investments|investments|Total|
|Cost orvaluation||||
|At 1 August 2020|2,667,022|113,772|2,780,794|
|Additions|3,482,398||3,482,398|
|Revaluations|511,725||511,725|
|Disposals|(3,383,376)||(3,383,376)|
|Movement
in cash deposits||(113,768)|(113,768)|
|At 31 July 2021|3,277,769|4|3,277,773|
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||||||2021|2020|
|---|---|---|---|---|---|---|
||Accruals||||9,177|3,404|
|11.|Financial|instruments|||||
||||||2021|2020|
||Financial|assets|||||
||Financial|assets measured|at fair value through|income and expenditure|3,277,773|2,780,794|
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|Statement||offunds - prior|year|||||
|---|---|---|---|---|---|---|---|
||||Balance at|||||
||||1August|||Gains/|Balance at|
||||2019|Income|Expenditure|(Losses)|31Ju/y 2020|
|Unrestricted||funds||||||
|Designated||Fund|2,210,534|49,188|(51,530)|(140,531)|2,067,661|
|Endowment||funds||||||
|Endowment||Fund||||||
|Restricted||funds||||||
|Restricted|Fund||765,199|15,208|(31,739)|(20,832)|727,836|
|Total offunds|||2,975,738|64,396|(83,269)|(161,363)|2,795,502|
|Analysis ofnet assets between fund|s - current year||||
|---|---|---|---|---|
||Unrestricted|Restricted|Endowment|Total|
||funds|funds|funds|funds|
||2021f|2021
f|2021
f|2021f|
|Fixed asset investments|2,413,838|863,935||3,277,773|
|Current assets|5,308|6,597||11,910|
|Creditors due within one year|(7,682)|(1,495)||(9,177)|
|Total|2,411,464|869,037|5|3,280,506|
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|Analysis ofnet assets between funds|- prior year||||
|---|---|---|---|---|
||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)|
|l|2,067,661|727,836|5|2,795,502|
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|||||2021|2020|
|---|---|---|---|---|---|
|Net income/(expenditure)|for|the year (as per Statement|of Financial|||
|Activities)||||485,004|(180,236)|
|Adjustments
for:||||||
|(Gains)/losses
on investments||||(511,725)|161,363|
|Income from investments||||(67,170)|(64,396)|
|Increase
in creditors||||5,773|1,704|
|Finance costs||||69|9|
|Investment
management|charges|||20,402|19,900|
|Net cash used in operating||activities||(67,647)|(61,656)|
|Analysis ofcash and cash||equivalents||||
|||||2021|2020|
|Cash at bank and
in hand||||11,910|18,112|
|Cash held in investments||||4|113,772|
|Total cash and cash equivalents||||11,914|131,884|
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||||At 1 August||At 31July|
|---|---|---|---|---|---|
||||f
2020|Cash flowsf|2021f|
|Cash|at bank and|in hand|18,112|(6,202)|11,910|
|Cash|held in investments||113,778|(113,774)|4|
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