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2021-08-31-accounts

Trustees' Report		I to 6
Statement of Trustees'	Responsibilities
Independent Auditors'	Report	8 to lo
Statement ofFinancial	Activities
Balance Sheet		12
Notes to the Financial	Statements	13to 24

	Statem	ent ofFinancial	Activities for the Y	ear Ended 31Au	gust 2021
					Total	Total
				Unrestricted	2021	2020
			Note			8
Income and Endowments		from:
Investment and rental income				275,800	275,800	264,874
Total Income				275,800	275,800	264,874
Expenditure on:
Raising funds				(4,115)	(4,115)	(3,871)
Charitable activities				(368,7~82	(368,782)	(237,745)
Total Expenditure				(372,897)	(372,897)	(241,616
Gains/losses on investment		assets		132,727	132,727	1,520
Net income				35,630	35,630	24,778
Net movement in funds				35,630	35,630	24,778
Reconciliation offunds
Total funds brought	forward			1,000,885	1,000,885	976,107
Total funds carried	forward		16	1,036,515	1,036,515	1,000,885

			Balance Sheet as at	31August 2021
				Note	2021	2020f
Fixed assets
Tangible assets				10	201,295	200,000
Investments				11	810,955	674,261
					1,012,250	874,261
Current assets
Debtors				12	595	459
Cash at bank	and in hand			13	136,260	129,525
					136,855	129,984
Creditors: Amounts		falling due within	one year	14	(112,590)	(3,360)
Net current	assets				24,265	126,624
Net assets				17	1,036,515	1,000,885
Funds ofthe	charity:
Unrestricted	Income	funds
Unrestricted				16	1,036,515	1,000,885
Total funds					1,036,515	1,000,885

Depreciation and amortisation
Asset class	Depreciation	method	and rate
Compute Equipment	25% Straight	line method
Leasehold Land	No Depreciation

					Unrestricted
					funds	Total	Total
					General 8	2021	2020f
Income from dividends;
	Dividends	receivable		from other listed investments	12,300	12,300	13,874
Income from rents					263,500	263,500	251,000
					275 800	275,800	264,874
The investment			income	in 2020 totalling f264,874 was attributed	to unrestricted funds.
3	Expenditure		on raising funds
						Total	Total
					Direct costs	2021	2020
					f
Investment		management		costs	4,115	4,115	3,871

4 Expenditure on charita	ble	activiti	es
					Grant funding	Activity		Total	Total
					ofactivity f	support costs f		2021f	2020
Payment ofeducational grants					344,631	24,	151	368,782	237,745
The foundation has during	the	year awarded		grants			2021	2020	2019
to the following institutions:
							f
Royal Academy ofMusic							14,453	12,370	11,782
Royal College ofMusic							8,227	10,310	9,818
Queens Park School								8,500	10,000
The St Marylebone Church	ofEngland		School				207,838	95,232	75,000
The StMarylebone Church	ofEngland		Bridge School				8,981	46,355	12,025
Marylebone Boys School							42,973		10,000
St Peter's Eaton Square C ESchool							10,000		9,200
Westminster Deanery Synod							8,000	8,000	8,000
St Vincent's Family Project							1,500	91
							301,972	180,858	145,825
Grants payable to 11 individuals		(2020: 10)					42,659	31,413	25.715
							344,631	212,271	171,540
Grants payable analysed	by nature:
							2021	2020	2019
								f	f
Provison ofequipment							52,427	46,355	12,025
School maintenance							8,000	8,000	8,000
Building works/ improvements							110,601	103,732	125,800
Student grants							65,339	54,093	25,715
Provision ofproject funding							10,000
Provision ofuniforms							1,500	91
Provision for refurbishment							96,764
							344,631	212,271	171,540

						Other
			Governance	Finance		sUpport	Total	Total
			costs	costs	Staff costs	costs	2021	2020
							f.
Expenditure	on	charitable
activities			4,524	84	15,524	4,019	24,151	25,474

					Unrestricted
					funds	Total	Total
					General	2021f	2020f
Audit fees
Audit ofthe financial			statements		1,800	1,800	1,800
Other fees paid		to auditors			1,560	1,560	1,560
Depreciation,	amottisation			and other similar costs	151	151
Other governance		costs			1.013	1,013	84
					4,524	4,524	3,444

		2021f	2020 8
Staffcosts during	the year were:
Wages and salaries		14,895	15,108
Pension costs		629	588
		15.524	15,696

2021		2020
No	!	No	1

S Auditors' remuner	ation
		2021 f	2020f
Audit ofthe financial	statements	1,800	1,800
Other fees to auditors
All other non-audit services		1.566	1,5611

10 Tangible fixed assets
	Land and	Computer
	buildings	equipment	Total
Cost
At I September 2020	200,000		200,000
Additions		1.446	1,446
At 31 August 2021	200,000	1,446	201,446
Depreciation
At I September 2020
Charge for the year		151	151
At 31August 2021		151	151
Net book value
At 31 August 2021	200,000	1,295	201,295
At 31 August 2020	200,000		200,000

11 Fixed asset investments
		2021f		2020f
Other investments		810,955		674,261
Other investments
		Cash	within
	Listed	investment
	investments f	portfolio f		Totalf
Cost orValuation
At I September 2020	648,920		25,341	674,261
Revaluation	132,697			132,697
Additions Disposals	85,459 ~22.2491		787	86,246 ~122,249
At 31 August 2021	784,827		26,128	810,955
Net book value
At 31 August 2021	784,827		26,128	810,955
At 31August 2020	648,920		25.341	674,261

12 Debtors
			2021f	2020
Prepayments			446	179
Other debtors			149	280
			595	459
13 Cash and cash equivalents
			2021	2020f
Cash at bank			136,260	129,525
14 Creditors: amounts	falling due within	one year
			2021	2020
Other creditors			109,230
Accruals			3,360	3,360
			112,590	3,360

16 Movement	16 Movement	in funds
			Balance at 1			Other
			September	Incoming	Resources	recognised	Balance at31
			2020	resources	expended	gains/(losses)	August 2021
						8	8
Unrestricted		funds
General
General	fund		615,671	275,800	(372,897)	132,727	651,301
Designated
Designated		fund	385.214				385,214
Total funds			1.000,885	275,800	~4372,897	132,727	0036,515
			Balance at I			Other
			September	Incoming	Resources	recognised	Balance at 31
			2019	resources	expended	gains/(losses)	August 2020
			8		8
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	~240636	1,520	1,000,885

		Unrestricted
		funds	Total funds
		General	2021
		f
Tangible	fixed assets	201,295	201,295
Fixed asset investments		810,955	810,955
Current	assets	136,855	136,855
Current	liabilities	(112,590)	(112,590)
Total net assets		1,036,515	1,036,515
		Unrestricted
		funds	Total funds
		General	2020
Tangible	fixed assets	200,000	200,000
Fixed asset investments		674,261	674,261
Current	assets	129,984	129,984
Current	liabilities	t3.36U	(3,360)
Total net assets		1,000,885	1,000,885