2020-08-31-accounts

Statement ofTrustees'	Responsibilities
Independent Auditors'	Report	8to 10
Statement ofFinancial	Activities
Balance Sheet		12
Notes to the Financial	Statements	13to 23

					Total	Total
				Unrestricted	2020	2019
			Note
Income and Endowments		from:
Investment and rental income				264,874	264,874	266,518
Total Income				264,874	264,874	266,518
Expenditure on:
Raising funds				(3,871)	(3,871)	(3,815)
Charitable activities				(237,745)	(237,745)	(196,212
Total Expenditure				241,616	241,616)	(200,027)
Gains/losses on investment		assets		1,520	1,520	16,156
Net income				24,778	24,778	82,647
Net movement in funds				24,778	24,778	82,647
Reconciliation offunds
Total funds brought	forward			976,107	976,107	893,460
Total funds carried	forward		16	1,000,885	1,000,885	976,107

		Balance Sheet as at	31August 2020
				2020	2019
			Note
Fixed assets
Tangible assets			10	200,000	200,000
Investments			11	674,261	666,996
				874,261	866,996
Current assets
Debtors			12	459	545
Cash at bank	and in hand		13	129,525	111,926
				129,984	112,471
Creditors: Amounts		falling due within one year	14	(3,360)	(3,360)
Net current	assets			126,624	109,111
Net assets			17	1,000,885	976,107
Funds ofthe	charity:
Unrestricted	income	funds
Unrestricted			16	1,000,885	976,107
Total funds				1,000,885	976,107

						Unrestricted
						funds	Total	Total
						General	2020	2019
Income from dividends;
	Dividends		receivable		from other listed investments	13,874	13,874	15,518
Income from			rents			251,000	251,000	251,000
						264,874	264,874	266,518
3	Expenditure			on raising funds
							Total	Total
						Direct costs	2020	2019
Investment		management			costs	3,871	3,871	3,815

4 Expenditure on charita	ble	activities
				Grant funding	Activity	Total	Total
				ofactivity	support costs	2020	2019
Payment ofeducational grants				212,271	25,474	237,745	196,212
The foundation has during	the	year awarded	grants		2020	2019
to the following institutions:
Royal Academy ofMusic					12,370	11,782
Royal College ofMusic					10,310	9,818
Queens Park School					8,500	10,000
The StMarylebone Church	ofEngland School				95,232	75,000
The St Marylebone Church	ofEngland Bridge School				46,355	12,025
Gateway Academy						10,000
Burdett-Coutts Primary School						9,200
Westminster Deanery Synod					8,000	8,000
StVincent's Family Project					91
					180,858	145,825
Grants payable to 10individuals		(2019:8)			31,413	25,715
					212,271	171,540
Grants payable analysed	by nature:
					2020	2019
Provison ofequipment					46,355	12,025
School maintenance					8,000	8,000
Building works/ improvements					126,503	125,800
Student grants					31,413	25,715
					212,271	171,540

			Unrestricted
			funds	Total	Total
			General	2020	2019
Audit fees
Audit ofthe financial		statements	1,800	1,800	1,800
Other fees paid	to auditors		1,560	1,560	1,560
Other governance	costs		84	84	30
			3,444	3,444	3,390

		2020	2019
Staff costs during	the year were:
Wages and salaries		15,108	13,921
Pension costs		588	458
		15,696	14,379

2020	2019
No	No

8 Auditors' remuneration
	2020	2019
Audit ofthe financial statements	1,800	1,800
Other fees to auditors
All other non-audit services	1,560	1,560

10 Tangible fixed assets
	Land and
	buildings	Total
Cost
At 1 September 2019	200,000	200,000
At 31August 2020	200,000	200,000
Depreciation
At 1 September 2019
At 31August 2020
Net book value
At 31August 2020	200,000	200,000
At 31August 2019	200,000	200,000

11 Fixed asset investments
		2020		2019
Other investments		674,261		666,996
Other investments
		Cash	within
	Listed	investment
	investments	portfolio		Total
Cost or Valuation
At 1 September 2019	656,429		10,567	666,996
Revaluation	1,456			1,456
Additions	54,173		14,774	68,947
Disposals	(63,138)			(63,138)
At 31August 2020	648,920		25,341	674,261
Net book value
At 31August 2020	648,920		25,341	674,261
At 31Au@1st 2019	656,429		10,567	666,996

16 Funds
		Balance at 1			Other
		September	Incoming	Resources	recognised	Balance at 31
		2019	resources	expended	gains/(losses)	August 2020
Unrestricted	funds
General
General fund		590,893	264,874	(241,616)	1,520	615,671
Designated
Designated	fund	385,214				385,214
Total funds		976,107	264,874	(241,616)	1,520	1,000,885
		Balance at 1			Other
		September	Incoming	Resources	recognised	Balance at 31
		2018	resources	expended	gains/(losses)	August 2019
Unrestricted	funds
General
General fund		508,246	266,518	(200,027)	16,156	590,893
Designated
Designated	fund	385,214				385,214
Total funds		893,460	266,518	(200,027)	16,156	976,107

17 Analysis ofnet assets between funds
	Unrestricted
	General	Designated	Total funds
Tangible fixed assets	200,000		200,000
Fixed asset investments	289,047	385,214	674,261
Current assets	129,984		129,984
Current liabilities			(3,360)
Total net assets	615,671	385,214	1,000,885