Charity Registration No. 312500
THE ALDGATE AND ALLHALLOWS FOUNDATION
GOVERNORS. REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2020

THE ALDGATE AND ALLHALLOWS FOUNDATION
CONTENTS
Page
Governors. report
Independent auditorfs report
Statement of financial activwtie5
Balance sheet
Notes to the firhancial ststements
10-15

THE ALDGATE AND ALLHALLOWS FOUNDATION
GOVERNORS. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2020
The Governors present their annual report and audited financial statements of the charity for the year ended
31 December 2020. The financial statements have been prepared in accordance with the accounting policies
set out in note I to the accounts and comply with the charity's trust deed, the Charities Act 2011 and
Accounting and Reporting by Charities." Statemènt of Recommendèd Practite applicablè to tharitiÈ£ prÈp3ring
their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland ISORP FRS 102 - effective l January 20191
Objectives and activities
The charity's objective is to promote the education of young persons under 25 land in smaller measure, under
301 who reside in the City of London or the adjacent London Borough of Tower Hamlets. Its principal artivities
as reported here are as before." using its carefully managed funds to make grants to a range of eligible
individuals and organisations. The grants enable young people in local schoo15 and voluntary organi5ations to
experience a variety of activities including sport, art theatre, history, music, science and literature. It requires
the monitoring of grant expenditure to ensure that its actions promote public benefit.
Govemance
Congratulations are due to Robin Hazlewood who was elected as Deputy Chairman in May 2021. Robin's
involvement with the Foundation goes back over two decades and I look forward to working with him in the
future, especially drawing on his expertise as a highly esteemed professional artist and arts administrator.
Thank5 are a150 due to Billy Whitbread who served as the Foundation's Deputy Chairman for thirteen years.
We are delighted that he remains on the Board and Governors continue to be indebted to him for his c105e
interest in the Foundation's financial performance in both the short and longer terms.
Grateful thanks to Rev Katherine Hedderley who has agreed to be the designated safeguarding lead for the
Foundation and to all governors who have undertaken DBS ch￿kS_
We share the Jewry Street offices with the Ithenl Sir John Cass Foundation (now The Portal Trustl although we
are 3 separate organisation. Due to Sir John Cass's links to the Slave Trade we posted a statement on our
website stating clearly that the Foundation is committed to COM￿tting racism and discrimination in all form5.
Achievements and perforniance
It was another good year in terms of grant making. Grants totalling £123.5(K)12019.' £193,810) were made to 7
12019." 151 organisations and 29 12019". 281 individLJals received grants totalling £36.250 12019". £35,000)
towards their undergraduate studies at Queen Mary, University of London.
The most significant award in the year was a grant of £120.000 to the Ragged School Museum. which is to be
paid over three years to create a named education space for the benefit of schools and the local community in
Tower Hamlets_ Opened as a Ragged School by Dr Thomas Bamardo in 1877 in former canal warehouses on
Copperfield Road in Mile End, the Museum is undergoing a significant capital refurbishment projett with a
grant of £4.2m from the National Lottery Heritage Fund. which will transform its site on Regent's Canal,
increasing the capacity of the museum to offer educational programmes to schools. A Gift Agreement was
signed by the Museum and the Foundation in April 2021 and we look fO￿ard to viewing the completed
project and strengthening our partnership with the Museum in the future.
We were pleased that research undertaken by Professor Charlotte Chadderton from Bath Spa University
entitled 'A longitudinal study of yourhg women's transition5 in Tower Hamlets in an age of austeiity. http5'.11
aldgateallhallows.org.uk/aaf-publications/a-longitudinal-study-of-young-womens-transitions-in-tower-
hamlets-in-an-age-of-austerity/ that was supported by the Foundation over the last five years was published
in the autumn. This was widely disseminated on the Foundation's website and through our social media
presence, namely a twitter handle @AAF1895. We hope the Report can help lead to policy changes in careers
education in Tower Hamlets and beyond.

THE ALDGATE AND ALLHALLOWS FOUNDATION
GOVERNORS. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2020
Financial Review
The value of the Foundation's investments fell by approximately £113,000 during the year, with the reserves
being reduced to £494,000. However, the first quarter of 2021 has seen an improvement in both the value of
the endowment and the reseNes. owing in the main. to the Covid-19 pandemic and Government's "lockdown.
policy starting to be eased.
The amount received from Hickson's Charity increased by approximately £52.000 during the year, which
included approximately £25.000 to make up for the shortfall ir) 2019. Now that a promotion Agreement has
been agreed between Brewers. Company (trustee for Hickson's Charity) and W311ace Land, the Foundation
hopes should the proposed development at South Mimms in Hertfordshire proceed, its income will increase
exponentially in ftjture years.
Covid-19 Pandemic
The Foundation's offices were closed on the 20th March 2020 due to Covid-19 pandemic, and other than one
member of staff who has been furloughed. have all beerh successfully working from home_ Governors held
their Board Meetings remotely throughout the year and signed the London Funders Pledge http'.//
covid19funders.org.uk/ giving a commitment to support our existing grantees in these difficult circumstances.
Close contact was maintained with all our grantees throughout the pandemic and a large number of grant
variations were agreed by the Board through the course of the year. We look fotward to the time when we can
once again hold the Board meetings in person in Jewry Street.
Appreciation
Finally, all the Governors join with me in acknowledging and thanking the staff team for all their considerable
efforts under the continued leadership of our Chief Executive. Richard Foley. We are fortunate that Richard
steers the Foundation with creative insight sensitivity and collaboration. We were sorry to see Megan Falck
leave the Foundation in April 2021. We are grateful to her for the work she undertook as Grants Manager over
the last three years and we wish her the very best lor the future. Alongside our professional advisers who are
listed in this report, we do also wish to thank particularly Paul Windmill of Myers Clark for his close attention
to our financial well-being.
Structure. governance and management
The Aldgate and Allhallows Foundation is an unincorporated charity governed by a Scheme dated 8 February
1971 made by the Secretary of State for Education and Science under Section 18 of the Charities Act 1960.
The Governors are the trustees of the charity-
There are two ex-officio Governors-, two Govemors are appointed by nominating bodies and a further nine
Governors are co-opted. Governors serve for three years after which period they may put themselves forward
for re-appointment. Governors meet formally twice a year and are all invited to acquaint themselves with the
work of the beneficiaries who are supported by the Foundation.
A review of performance has included skills audit training needs and skills gaps within the overall body.
Nominating bodies are made aware of skills ￿quirementS and their applicants are selected on these
requirement5. Co-opted vacancies are selected from similar crite¥ia on recommendation from within the
Board.

THE ALDGATE AND ALLHALLOWS FOUNDATION
GOVERNORS. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2020
Structure. governance and management (continued)
The day to day administration of the Foundation is carried out by the staff of The Portal Trust for which a fee is
paid. An agreement between the two Foundations wa5 signed in May 2009. An overlap in board membership
(see note 4 on page 15 for details) allows the two foundations to share expertlse while reinforcing the
individual approach of each one. As The Aldgate & Allhallows Foundation does not employ staff, it is exposed
to fewer risks than some other charitable organisations.
Nominating bodies are made aware of skills requirement$ and their applicants are selerted on these
requirement5. Co-opted vaiancies are selected from similai criteria on recommendation from within the
Board.
Reference and administrative details
Website.. www.aldgateallhallows.org.uk
Twitter. @AAF1895
The Aldgate and Allhallows Foundation is a charity registered in England and Wales number 312500. The
principal address of the charity is 31 Jewry Street London, EC3N 2EY.
The Governors who Served in the year were as follows=
Nominated
H Whitbread (Deputy Chairmarhl
M O't)wyer
nominated by The Brewers. Company
nominated by The Breweis, Company
Co-opted
K Everett
M Frederic
W Hamilton-Hinds
R Hazlewood
S Islam
D Jones (Chairl
S Knowle5
D Mash
Ex-officio
L jorgènsen
K Hedderly
The Chief Executive 15 R Foley Msc.

THE ALDGATE AND ALLHALLOWS FOUNDATION
GOVERNORS. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2020
The principle advisors to the charity are-.
Auditors
Myers Clark
Chartered Accountants and Statutory Auditors
Egale 1. 80 St Albans Road
Watford
Hertfordshire
WD17 IDL
Bankers
C Hoare & Co
37 Fleet Street
London
EC4P 4DQ
Investment advisors
James Hambro & Partners LLP
45 Pall Mall
London
SWIY 5JG
Soliiitors
Devonshires
Salisbury House
London Wall
London
EC2M 5QY
Ststement of govemors. responsibilities
Charity law requires the Governors to prepare financial statements for each finaniial year, which give a true
and fair view of the state of affairs of the charity and of the net incoming/loutgoingl resources for the year. In
preparing the financial statements the Governors are required to-.
Select suitable accounting policies and apply them consistently-,
Make judgements and estimates that are reasonable and prudent and
Prepare the financial statements on a going coniern basis unless it is inappropriate to do $0.
The Govemors are responsible for keeping proper accounting records which dis(lose with reasonable accuracy
at any time the financial position of the charity and to enable it to ensure that the financial statements comply
with the Charities Act 2011. The Governors are also responsible for safeguarding the assets of the charity and
hence for taking steps for the prevention and detertion of fraud and other irregularities.
The governor5, report was approved by the BoaTd of Governors.
D Jones
Chair
Dated.. 12 May 2021

THE ALDGATE AND ALLHALLOWS FOUNDATION
INDEPENDENT AUDrroR'S REPORT
TO THE GOVERNORS OF THE ALDGATE AND ALLHALLOWS FOUNDATION
Opinion
We have audited the financial statements of The Aldgate And Allhallows Foundation (the charity) for the year
ended 31 December 2020 which comprise the statement of financial activities, the balance sheet and the notes
to the financial statements, including a summary of significant accounting policies. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting
Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK
and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In OLJr opinion, the financial statements=
give a true and fair view of the state of the charity's affairs as at 31 December 2020 and of its incoming
resources and application of resources, for the year then ended,.
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice.,
and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing IUV USAS IUKII and applicable
law. Our responsibilities under those standards are fvrther described in the Auditor's responsibilities for the audit
of the accounts settion of our report. We are independent of the charity in accordance with the ethical
requirement5 that are relevant to our audit of the accounts in the UK including the FRC'S Ethical Standard, and
we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the
audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclu5ion5 relaling to going concem
We have nothing to report in respect of the following matters in ￿latiOn to which the ISAS IUKI require us to
report to you where".
the governors, use of the going concem basis of accounting in the preparation of the financial statements
is not appropriate-, or
the governors have not disclosed in the financial statements any identified material uncertainties that may
cast significant doubt about the charity's ability to continLJÈ to adopt the going concern basis of
Icounting for a period of at least twelve tnonth5 from the date when the financial statements ale
authorised for issue.
Other inforniation
The other information comprises the information included in the annual report other than the financial
statements and our auditor's report thereon. The governors are responsible for the other information contained
within the annual report. Our opinion on the financial statements does not cover the other information and we
do not express any form of assurance conclusion thereon. Our responsibility 15 to read the other information
and, in doing 50, consider whether the other information is materially inconsistent with the financial statements
or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we
identify such material inconsistencies or apparent material misstatements, we are required to determine whether
this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have
performed, we conclude that there is a material misststement of this other information, we are required to report
that fact.
We have nothing to report in this regard.
Matters on which we are requlred to report by exception
We have nothing to report in respert of the following matters in relation to which the Charities (Accounts and
Reports) Regulations 21X)8 require us to ￿port to you if, in our opinion=
the information given in the financial statements is inconsistent in any material respect with the governors,
report,. or
sufficient accounting records have not been kept or
the financial statements are not in agreement with the accounting records-, or
we have not received all the information and explanations we require for our audit.

THE ALDGATE AND ALLHALLOWS FOUNDATION
INDEPENDENT AUDrroR'S REPORT (CONTINUED)
TO THE GOVERNORS OF THE ALDGATE AND ALLHALLOWS FOUNDATION
Responsibilities of governors
As explained more fully in the statement of govemors. responsibilities. the governors are responsible for the
preparation of the financial statements and for being satisfied that they give a true and fair view, and for such
internal control as the governors determine is necessary to enable the preparation of financial statements that
are free from material misststement whether due to fraud or error.
In preparing the financial statements, the govemors are responsible for assessing the charity's ability to continue
as a going concem, disclosing, as applicable, matters related to going concem and using the going concern
basis of accounting unless the governors either intend to cease operations, or have no realistic alternative but to
do so.
Auditor'5 responsibilities for the audit of the financial statements
We have been appointed as auditor under sertion 144 of the Charities Act 2011 and report in accordance with
the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misstatement, whether dLJe to fraud or error, and to issue an auditor's report that includes our
opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit condutted in
accordance with ISAS IUKI will always detect a material misstatement when it exists. Mi55tstements can arise
from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of these financial statements.
A further description of our responsibilities is available on the Financial Reporting Council's website at.. https'./J
www.frc.org.uk/auditorsresponsibilitie& This description forms part of our auditor's report.
Other matters
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with
"Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
IFRS 1021" las amended) in preference to the Accounting and Reporting by Charitie5= Statement of
Recommended Practice issued on l April 2005 which is referred to in the extant regulations but ha5 now been
withdrawn.
This has been done in order for the financial statements to provide a true and fair view in accordance with
current Generally Accepted Accounting Practice.

THE ALDGATE AND ALLHALLOWS FOUNDATION
INDEPENDENT AUDrroR'S REPORT (CONTINUED)
TO THE GOVERNORS OF THE ALDGATE AND ALLHALLOWS FOUNDATION
Use of our report
This report is made solely to the charity's trustees, as a body, in accordance with part 4 of the Charities IAccounts
and Reports) Regulations 20C)8. Our audit work has been undertaken so that we might state to the charity's
trustees those matters we are required to state to them in an auditors, report and for no other purpose. To the
fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and
the charity's trustees as a body, for our audit worl for this reporL or for the opinions we have formed.
Paul Windmill (Senior sta￿tOry Auditor)
for and on behalf of Myers Clark
4 August 2021
Chartered Accountants
Statutory Auditor

THE ALDGATE AND ALLHALLOWS FOUNDATION
STATEMENT OF FINANaAL ACTnirriES
FOR THE YEAR ENDED 31 DECEMBER 2020
Unrestricted Endowment
funds
funds
Total Unrestricted Endowment
2020
funds
funds
Totsl
2019
Notes
Income f
Donations
Listed investments
66.460
175.147
66.460
175,147
13,960
212,809
13.960
212,809
T¢>tsl income
241,607
241,607
226,769
226,769
Ex
enditure on:
Grants payable
Administration fee
Investment
manager5 fee
Auditors.
remuneration..
For audit
Other expenses
1159.7501
141,0991
1159,7501
141,0991
1228,8101
141,8671
1228,8101
141,8671
151,4411
151,4411
152,7051
152,7051
13.8881
{5.4841
13.8881
15.4841
14.3201
12,5541
14,3201
12,5541
T¢)tsl expenditure
1210,2211
151,4411 1261,6621
1277,5511
152,7051 1330,2561
Net gains/llossesl
on investments
192.3521
18991
193,2511
50,979
774,246
825,225
Net movement in funds
160,9661
152,3401 1113,3061
197
721,541
721,738
Fund balances at I
January 2020
555,456
7.990,169
8,545.625
555.259
7,268,628
7,823,887
Fund balances at
31 December 2020
494.490
7,937.829
8.432.319
555,456
7,990,169
8,545,625

THE ALDGATE AND ALLHALLOWS FOUNDATION
BALANCE SHEEr
AS AT 31 DECEMBER 2020
2020
2019
Notes
Fixed assets
Investments
8,362.210
8,520,638
Current a55ets
Debtors
Cash at bank and in hand
746
182.884
746
101,262
183.630
102,008
Creditor& amounts falling due within
one year
1113.5211
177,0211
Net current assets
70,109
24,987
Totsl assets less current liabilities
8,432,319
8,545,625
Funds of the charity
Endowment funds
Unrestricted funds
7,937,829
494,490
7,990,169
555,456
8,432,319
8,545,625
The financial statements were approved by the GovemoTS on 12 May 2021
D Jones
Chair
H W Whitbread
Deputy Chairman

THE ALDGATE AND ALLHALLOWS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
Accounting policies
1.1 Basis of preparation
The accounts (financial statements) have been p￿pared under the historical cost convention with items
recognised at cost or transartion value unless otherwise stated in the relevant notelsl to these accounts.
The financial statements have been prepared in accordance with the Statement of Recommended Practice..
Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland IFRS 1021- SORP FRS 102 (effective l January 20191
and the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
The Governors consider that there are no material uncertainties about the Charitys ability to continue as a
going concern.
1.2 Incorning recognition
Income is recognised once the charity has entitlement to the income, it is probable that the income will be
received and the amount of income ￿e1Vable can be measured reliably.
The Foundation is entitled to ten thirteenths of the surplus from the Charity of Alderman James Hickson.
This income is recognised when the charity has been notified of the amount due by the trustee of the
charity.
1.3 Expenditure recognition
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing
the charity to that expenditure, it is probable that settlement will be required and the amount of the
obligation can be measured reliably.
Grants are initially recognised when approved by the Governors as commitments. When the conditions for
payment have been met by the recipients, grants are recognised in the Statement of Financial Activities to
the extent that payment is probable.
1.4 Fixed asset investments
Investment$ are a form of basic financial instrument and are initially recognised at their tran$3ction value
and subsequently measured at their fair value as at the balance sheet date using the closing quoted market
price. The statement of financial activities includes the net gains and losses arising on revaluation and
disposals throughout the year.
1.5 Funds
The permanent endowment fund cornpri5e5 the orrgrnal capital fund. and gains thereto, e5tabli5hed to
provide income for grant payments in accordance with the objectives of the Foundation. The capital cannot
be converted into income. The fund is represented by the capital investment included in fixed assets.
Unrestricted funds may be applied at the Governors discretion to the general charitable objectives of the
Foundation.
10-

THE ALDGATE AND ALLHALLOWS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2020
Donations
2020
2019
Charity of Alderman James Hickson
66,460
13,960
66,460
13,960
Grants
2020
2019
Grants approved in the year
159,750
228,810
Grants per Statement of Financial
Activities
159,750
228,810
Creditor5 at I january 2020
Giants paid in the year
20,000
16,500
1123,2501 1225,3101
Creditors at 31 December 2020
56,500
20,000
Grants awarded can be analysed as follo
Grants to institutions - 712019- 151
Grants to individuals - 2912019= 28}
123,500
36,250
193,810
35,000
Grants payable per Statement of
Financial Activities
159,750
228,810
11

THE ALDGATE AND ALLHALLOWS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2020
Grants
(Continued)
Major grants of £10,000 or more were made to the following institutions in 202(J.
Name
Amount
Ragged School Museum
Create The Aldgate and Allhallows Foundation learning
room for the benefit of local schools and community
groups
50,000
Magic Me
Learning For All Ages Intergenerational Arts
Programme
20,000
The Brilliant Club
The Scholar Programme - working with primary
hools in tower Hamlets
15,000
Shadwell Basin Outdoor Activity
Centre
Shadwell Basin Youth Projert - off@ring Leaming
Through Outdoor and Adventure Activitie5
10,000
London Symphony Orchestra
London Symphony Orchestra On Track in Tower
Hamlets
15,000
Related party transactions and govemor's remuneration
None of the Governors lor any persons connected with them) received any ￿MLIneratIOn during the year.
No Governors incurred expenses for travel and subsistence 12019- £nill. One Governor incurred
reimbursable expenditure of nil {2019= £23).
D Jones, J Hall and L Jorgensen are also Governors of The Portal Trust. Each charity operates independently
with its own policies and separate governing bodies. Administration fees of £41,099 12019.. £41.8671 were
paid to The Portal Trust. This fee is within Other Creditors at the year end.
M O'Dyer is the Clerk to The Brewers. Company who is the sole Trustee of The Hickson Charity who
provided income to the charity of £66,46012019.. £13,960).
12-

THE ALDGATE AND ALLHALLOWS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2020
Listed investments
Income fund Endowment
fund
Total funds
CURRENT YEAR
At l January 2020
Capital withdrawn
Management fees paid
Change in value in the year
505,227
11,5091
8.015,411
112.2271
151,4411
18991
8,520,638
113,7361
151,4411
193,2511
192,3521
Market value at 31 December 2020
411,366
7,950,844
8,362,210
Historic cost at 31 December 2020
396,239
7,064,269
7,460,508
GÈographic analysi
UK Fixed interest
UK Equities
Overseas Equities
Alternative Investments
Commodities
Cash
1,325,979
1,372,026
4,119,386
666,723
377,127
89,603
1,325,979
1,372,026
4,400.504
765,716
377,127
120,858
281,118
98,993
31,255
411,366
7,950,844
8,362.210
Assets compising more than 5% of the portfolio werv.
None
13-

THE ALDGATE AND ALLHALLOWS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2020
Listed investments
(Continued)
Income fund Endownment
fund
Total funds
PRIOR YEAR
At l January 2019
Capital withdrawn
Income Reinvested
Management fees charged
Change in value in the year
554,125
7,162,155
7,716,280
199,8771
131,715
152,7051
774,246
31,838
152,7051
825.225
50,979
Market value at 31 December 2019
505,227
8,015.411
8,520,638
Historic cost at 31 December 2019
509,036
7,203,730
7,712,766
Geographic analysi
UK Fixed interest
Overseas Fixed Interest
UK Equities
Overseas Equities
Alternative Investments
Cash
908,873
908,873
198,455
180,484
105,783
20,505
1,679,580
3,788,764
1,156,302
481,892
1,878,035
3,969,248
1,262,085
502,397
505,227
8,015.411
8,520,638
Assets compising more than 5% of the portfolio werv.
Gold Bullion Securities Ltd US$
430.595
Creditors: amounts falling due within onÈ yÈar
2020
2019
Grants payable (note 31
Other creditors and accruals
56,500
57.021
20,000
57,021
113,521
77,021
14-

THE ALDGATE AND ALLHALLOWS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2020
Funds of the charity
Movement in funds
Balance at I Incoming Resources Investment Balance at 31
January resources expended g•ins/llosses)
De¢ember
2020
2020
CURRENT YEAR
Endowment
Unrestricted
7,990,169
555.456
151,4411
1210,2211
18991
192,3521
7,937,829
494.490
241,607
8.545,625
241,607
1261,662}
193,2511
8,432,319
Balance al l kncoming Resource5 Investment Balance at 31
January
resource5
expended gains/(105se5)
December
2019
2019
PRIOR YEAR
Endowment
Unrestricted
7.268,628
555.259
152,705)
1277.551)
774,246
50,979
7,990,169
555,456
226,769
7,823,887
226,769
1330,2561
825,225
8,545,625
Analysis of net assets between fund
Unrestricted
funds
Endowment
funds
Total
Fund balances at 31 December 2020 are represented bT-
Investments
Current assets/lliabilitiesl
411,366
83,124
7,950,844
113,0151
8,362,210
70,109
494,490
7,937,829
8,432,319
Fund balances at 31 December 2019 are representsd ty-
Investments
Current assets/lliabilitiesl
505,227
50,229
8,015,411
125,2421
8,520,638
24,987
555,456
7,990,169
8,545,625
Grant commitments
Grants totalling £122,250 12019= £239,750) have been aPPToved for fvture years dependent on progress
reports in the current year. They have not been accrued in the financial statements but will form part of
grants in future years. These are being disclosed as conts"ngent liabilities.
15-