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