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|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|
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||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|
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||||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|
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|Depreciation
and amortisation||||
|---|---|---|---|
|Asset class|Depreciation|method|and rate|
|Compute
Equipment|25% Straight|line method||
|Leasehold
Land|No Depreciation|||
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||||||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|
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|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|
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|||||||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|
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||||||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|
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|||2021f|2020
8|
|---|---|---|---|
|Staffcosts during|the year were:|||
|Wages and salaries||14,895|15,108|
|Pension costs||629|588|
|||15.524|15,696|
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|2021||2020||
|---|---|---|---|
|No|!|No|1|
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|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|
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|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|
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|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|
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|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|
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|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|
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|||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|
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