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|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|
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|---|---|---|
|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|
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||||||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|
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|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).|||||
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|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|
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|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|
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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|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||
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|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|
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|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|
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