2021-12-31-accounts

CONTENTS		PAGE
Report ofthe Trustees		1-3
Independent Auditor's	Report	4-6
Statement ofFinancial	Activities
Balance Sheet
Notes to the Financial	Statements	9-16

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BALANCE SHEET
					Restated
				2021	2020
			Notes
FIXEDASSETS
Tangible fixed assets				11,721		12,363
Investments				11,352,114		9,911,704
TOTAL FIXEDASSETS				11,363,835		9,924,067
CURRENT ASSETS
Debtors			10	29,025	26,636
Cash at bank and in band				241,817	188,824
TOTAL CURRENT ASSETS				270,842	215,460
LIABILITIES
Creditors: amounts falling		due within
one year				(40,437)	(70,194)
NET CURRENT ASSETS				230,405		145,266
TOTAL NET ASSETS				11,594,240		10,069,333
THE FUNDS OF THE	CHARITY
Restricted funds:
Permanent endowment	fund		12	8,735,741		7,627,309
Unrestricted funds				2,858,499		2,442,024
TOTAL FUNDS				11,594,240		10,069,333

INVESTMENT INCOME	2021	2020
		f.
Interest on cash deposits		104
Income from listed investment	288,997	275,384
Rental income	43,294	41,038
	332,291	316,526
INCOME FROM OTHER TRADING ACTIVITIES	2021	2020
Refund ofSection 106Project costs	1,395
Solar Panel income	6,731	7,457
Other	399	205
	8,525	7,662

					Direct	Support	Total
CURRENT YEAR				Grants	costs	costs	2021
					6		6
Grants to promote	education:
Grants to schools				128,274	3,092		131,366
Grants to service delivery		charities		34,043			34,043
In house education	projects				42,436		42,436
Administration						31,279	31,279
Development, repair and		maintenance
ofchurch schools				1,395	11,966	3,834	17,195
Total expenditure	for charitable		activities	163,712	57,494	35,113	256,319

EXPENDITURE ON CHARITABLE ACTIVITIES	EXPENDITURE ON CHARITABLE ACTIVITIES	EXPENDITURE ON CHARITABLE ACTIVITIES	EXPENDITURE ON CHARITABLE ACTIVITIES		Direct	Support	Total
				Grants	costs	costs	2020
PRIOR YEAR					6	8	8
Grants to promote	education:
Grants to schools				135,668	3,090		138,758
Grants to service delivery		charities		12,412			12,412
Sunday School grants				3 939			3,939
In house education	projects				44,054		44,054
Administration						30,652	30,652
Development, repair and		maintenance
ofchurch schools					6,368	3,810	10,178
Total expenditure	for charitable		activities	152,019	53,512	34,462	239,993
ANALYSIS OF SUPPORT COSTS
					Charitable	Governance	Total
CURRENT YEAR					activities	costs	2021
Wages and salaries					31,279		31,279
Audit, accountancy	and legal fees					3,834	3,834
Total support costs					31,279	3,834	35,113
					Charitable	Governance	Total
PRIOR YEAR					activities	costs	2020
					f,
Wages and salaries					30,652		30,652
Audit, accountancy	and legal fees					3,810	3,810
Total support costs					30,652	3,810	34,462
ANALYSIS OF STAFF COSTS AND KEYMANAGEMENT				PERSONNEL		2021	2020
Wages and salaries						58,747	64,241
Pension costs						2,661	2,643
						61,408	66,884
No employees had	emoluments		in excess off60,000 (2020:none).

The association o from those ofthe	perates a defined contribution pension scheme association in an independently administered	. The assets ofthe scheme are held separate fund.	ly
NET INCOME		2021	2020
Net income is stated after charging			6
Depreciation		642	642
Auditors remuneration:
-for audit services		2,500	2,500
-for accountancy	services	1,334	1,310
		4,476	4,452

TANGIBLE FIXEDASSETS
CURRENT YEAR	Computer	Mobile	Park Street
	Equipment	Classrooms	Lease	Total
COST OR VALUATION	6			f,
Balance at 1st January 2021 and 31stDecember 2021	3,276	35,724	32,113	71,113
DEPRECIATION
Balance at 1 January 2021	3,276	35,724	19,750	58,750
Charge for the year			642	642
Balance at 31 December 2021	3,276	35,724	20,392	59,392
NET BOOK VALUE at 31December 2021			11,721	11,721
TANGIBLE FIXEDASSETS
PRIOR YEAR	Computer	Mobile	Park Street
	Equipment	Classrooms	Lease	Total
COST ORVALUATION	6	6	f.
Balance at 1st January 2020 and 31stDecember 2020	3,276	35,724	32,113	71,113
DEPRECIATION
Balance at 1 January 2020	3,276	35,724	19,108	58,108
Charge for the year			642	642
Balance at 31December 2020	3,276	35,724	19,750	58,750
NET BOOK VALUE at 31December 2020			12,363	12,363

INVESTMENTS - CURRENT YEAR	INVESTMENTS - CURRENT YEAR	INVESTMENTS - CURRENT YEAR	INVESTMENTS - CURRENT YEAR	INVESTMENTS - CURRENT YEAR	Market					Market
					Value				Net	Value
					1stJanuary	Additions/			Unrealised	31stDecember
					2021	Income		Transfer	Gains	2021
								8	f,	8
Permanent endowment		fund
Central board	offinance	investment		fund	7,627,309				1,108,432	8,735,741
General funds
Central board	offinance	investment		fund	2,284,395				331,978	2,616,373
Total Investments					9,911,704				1,440,410	11,352,114
The historical	cost ofinvestments		at	31stDecember 2021 was		f4,686,725	(2020:&l,686,725),
All investments	are held	primarily	for the purpose ofproviding			an investment		return.
INVESTMENTS - PRIOR YEAR					Market					Market
RESTATED					Value				Net	Value
					1stJanuary	Additions/			Unreal ised	31stDecember
					2020	Income	Transfer		Gains	2020
Permanent endowment		fund
Central board	offinance	investment		fund	7,115,819			14,068	497,422	7,627,309
Central board	offinance	deposit fund			14,025	43		(14,068)
					7,129,844	43			497,422	7,627,309
General funds
Central board	offinance	investment		fund	2,061,248			74,171	148,976	2,284,395
Central board	offinance	deposit fund			74,110	61		(74,171)
					2,135,358	61			148,976	2,284,395
Total investments					9,265,202	104			646,398	9,911,704

DEBTORS	2021	2020
Accrued income and other debtors	27,863	25,416
Prep ayments	1162	1220
	29,025	26,636

CREDITORS: Amounts	falling	due within	one year
							2021		2020
Taxation and social security							1,156		1,047
Other creditors							8,534		45,042
Sums held on behalf ofschools							26,897		20,355
Accruals							3,850		3,750
							40,437		70,194
FUNDS ANALYSIS			Balance	as				Balance	as
- CURRENT YEAR			at 1st					at 31st
			January					December
			2021		Income	Expenditure	Gains	2021
					f,		6
Permanent endowment	fund
Old Schools ofCambridge			7,627,309				1,108,432	8,735,741
Restricted funds
Section 106project costs					1,395	(1,395)
Unrestricted funds
General fund			2,442,024		339,421	(254,924)	331,978	2,858,499
Total funds			10,069,333		340,816	(256,319)	1,440,410	11,594,240
FUNDS ANALYSIS			Balance	as				Balance	as
-PRIOR YEAR -RESTATED			at 1st					at 31st
			January					December
			2020		Income	Expenditure	Gains	2020
				f,					6
Permanent endowment	fund
Old Schools ofCambridge			7,129,844		43		497,422	7,627,309
Unrestricted funds
General fund			2,208,896		324,145	(239,993)	]48,976	2,442,024
Total funds			9,338,740		324,188	(239,993)	646,398	10,069,333

NET ASSETSBYFUND	NET ASSETSBYFUND	NET ASSETSBYFUND	Tangible		Net
- CURRENT YEAR			Fixed		Current	2021
			Assets	Investments	Assets	Total
			6
Permanent	endowment	fund:
Old Schools	ofCambridge			8,735,741		8,735,741
Unrestricted	funds		11,721	2,616,373	230,405	2,858,499
Total funds			11,721	11,352,114	230,405	11,594,240

NET ASSETS BYFUND	NET ASSETS BYFUND	Tangible		Net
-PRIOR YEAR -RESTATED		Fixed		Current	2020
		Assets	Investments	Assets	Total
Permanent	endowment fund:
Old Schools	ofCambridge		7,627,309		7,627,309
Unrestricted	funds	12,363	2,284,395	145,266	2,442,024
Total funds		12,363	9,911,704	145,266	10,069,333