##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|MARCH EDUCATIONAL FOUNDATION
STATE^IENT OF FINANCIAL ACTIVTTiES
fINCORPORATING THE INCOME AND EXPENDITURE ACCOUNT)
For the year ended 31 March 2022|MARCH EDUCATIONAL FOUNDATION
STATE^IENT OF FINANCIAL ACTIVTTiES
fINCORPORATING THE INCOME AND EXPENDITURE ACCOUNT)
For the year ended 31 March 2022|MARCH EDUCATIONAL FOUNDATION
STATE^IENT OF FINANCIAL ACTIVTTiES
fINCORPORATING THE INCOME AND EXPENDITURE ACCOUNT)
For the year ended 31 March 2022|MARCH EDUCATIONAL FOUNDATION
STATE^IENT OF FINANCIAL ACTIVTTiES
fINCORPORATING THE INCOME AND EXPENDITURE ACCOUNT)
For the year ended 31 March 2022|
|---|---|---|---|
|Endowment Restricted Unrestricted Total Total||||
|Funds
INCOMING RESOURCES|Funds Eaads 2022 2021|||
|Donations, Legacies and Sioaiiar||||
|Resources:||||
|Legacies 245,710
Donations||100|245,710 300,000
100|
|Investment iacome:||||
|Dividends
Interest on bank deposits -|27,242|9,2052
36,447 31,384
_2 _2||
|Total Incoining Resources
£245,710|£27,242 £9,307 £282,259 £331,386|||
|RESOURCES EXPENDED||||
|Direct charitable expenditure:||||
|Grants (Note 2)
Other expenditure: 4,610
Management and admimstratioa|10,164|5,673|15,837
4,610
6,873|
|(Note 3)||-3J23|3J23
^m|
|Total Resotirees Exjiended 4,61 0||£8,796|£23,570
£9,047|
|NET SNCOME/WXPENDITURE)||||
|INVESTMENT GAINS/||||
|(LOSSES)
£241,100 £17,078||£511|£258,689 £322,339|
|NET GAINS/(LOSSES)||||
|ON INVESTMEIW ASSETS £77,546|||£77,546 £220,192|
|NET INCOME/EXPENPmjRE||||
|AND NET MOVEMENT IN||||
|FUNDS FOR THE YEAR
Fund balances brought forward
318,646 17,078
£2,115,220 £23,468||511
£8,995|336,235 542,531
£2,147,683 £1,605,152|
|FUME) BALANCES CASRIED||||
|FORWARD £2,433,866 £40,546|£9,506 £2,483,918 £2,147,683|||
##
##
|||2022|2021|
|---|---|---|---|
|FDOED ASSETS||||
|Iiivestraents (Note 4)|£2,465,151||£1,260,787|
|CURRENT_ASSETS||||
|Legacy debtor|||860,000|
|Lloyds Bank Pic - Business Call Account||19,661|26,034|
|Current Accoimt||_Z685|2,302|
|||27,346|888,336|
|CREDITORS:||||
|aiiiouuts due within one year (Note 5)||8,579|1,440|
|NET_£UgjREJNT ASSETS||£18,767|£886,896|
|NET^ASSETS|£2,483,918||£2,147,683|
|CAPITAL FUNDS||||
|Endowment Funds (Note 10)|2,433,866||2,115,220|
|INCOME FUNDS||||
|Restiicted Funds (Note 11)||40,546|23,468|
|Unrestricted Fund||9,506|8,995|
||£2,483,918||£2,147,683|
|Approved by the Board of Trustees on i^R' SCM-^|;A^CM-U^
1^«Interest Received|36,447
2|31,384
2|
|CASH PROVIDED BY INVESTING ACTWITES|£36,449|£31,386|
|DECREASE IN CASH AND|||
|CASH EOTOVALENTS IN THE YEAR|£(990)|£21,787|
|CASH AM) CASH EOUB^ALENTS AT THE
BEGINNING OF THE YEAR|£28,336|£6,549|
|CASH AND CASH EQUWALENTSATT^
END OF THE YEAR|£27,346|£28,336|
|Note 1 - Reconeifiatioa of set expeaditare So set casb flow|jErom operating activities||
|Net income for the reporting period
Adjustments for|336,455|542,531|
|Investaient assets acquired firom legacy
(Gains)/!osses on investments
Dividends and mterest from investments
(Decrease)/iHcrease in creditors
(Increase)/decrease in debtors
Expenses paid fi-om investments
Income reinvested|(1,120,000)
(77,546)
(36,449)
120
860,000
3
(22)|(220,192)
(31,386)
(636)
(300,000)
114
(30)|
||£(37,439)|£(9,599)|
##
##
##
##
|2|Grants Payable|||||
|---|---|---|---|---|---|
|||Number|2022 Value|Number|2021 Value|
||Payable to institutions|2|1,223|2|1,423|
||Payable to individuals|8|14.614|5|_5,450|
||||37|||
||The following material grants were made to|||||
||institutions:-|||||
||Neale-Wade Academy||1,000||1,200|
||Other imanalyzed grants||_223||223|
||Total grants payable to institiitions|||||
|3|Management_aud_Administration Costs|||||
||||2022||2021|
||Accountants' Fees||2,820||1,734|
||Inveslinentinaaagers' fees||3||114|
||Clerk's Salaiy and expenses||300||326|
##
##
|4|Fixed Asset Investoaenfe|Listed investaiente|Investment|C^h|
|---|---|---|---|---|
||||Property||
||Fair Value at 31 March 2021
Add: additions diuring the period
Less: disposals at carrying value|1,260,720|1,326,799|67|
||Add: transfer ia ia the period|||22|
||Management fees
Net gain on revaluation at 31 March 2022|77,546||(3)|
||Fair Value as at 31 March 2022|£1,338,266|£1,126,799|86|
||Historical Costs as at 31 March 2022|£900,580||86|
||Analysis ofmvestments|Far value.at ¥/e|||
|||less impairment|Deemed Cost|Cost|
||Cash or cash equivalents|||86|
||Investment Property||1,126,799||
||Listed investments|1338,266|||
||Grand Total|£1^38^66|£1,126,799|£86|
||There has not been a professional valuation on the property, the||value has been determined by||
||tiie clerk to the trustees.||||
|5|Creditors|2022 2021|||
||Amounte due within one year:||||
||Accrual
Tax liability in relation to investment property
£1,560|||£1,440|
||Transferred to the charity||||
|||£8,579||£1,440|
##
##
##
##
##
##
##
|ndowment Funds|||||
|---|---|---|---|---|
||At|Incoming|Gains|At|
||1.4.2021|Resources|and losses|31.3.2022|
|MEF Endowment Fund|306,603||27,071|333,674|
|G & P Brewm Scholarship Fund|1,808.617|241,320|50^75|2,100,412|
||2,115,220|241,320|77,546|2,434,086|
##
|estricted Funds|||||
|---|---|---|---|---|
||At|Incoming|Outgoing|At|
||1.4.2021|Resources|Resources|31.3.2022|
|March Silver Jubilee Scholarship Fund|260|117||377|
|G & P Brewin Scholarship Fund|23,208|27,125|10,164|40,169|
||£23,468|£27,242|£10,164|£40,546|
##
##
##