2021-04-05-accounts - Sir Walter St.john's Educational Charity

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

					Page
Reference and administrative		details ofthe Charity,	its trustees	and advisers
Trustees' report					2-6
Independent examiner's	report
Statement offinancial	activities
Balance sheet
Notes to the financial statements					10-20

For the year ended		5 April 20	21
				Unrestricted	Restricted	Endowment	Total	Total
				funds	funds	funds	funds	funds
			Note	2021 F	2021 F	2021 F	2021 F	2020f
Income and endowments
from:
Donations and legacies Investments				179,977	10,001		10,001 179,977	5,000 226,367
Total income and
endowments				179,977	10,001		189,978	231,367
Expenditure on:
Raising funds Charitable activities				167,463		16,626	16,626 167,463	22,817 221,729
Total expenditure				167,463		16,626	184,089	244,546
Net income I (expenditure)
before investment
gains/(losses)				12,514	10,001	(16,626)	5,889	(13,179)
Net gains/(losses)	on
investments			13			1,055,404	1,055,404	(717,794)
Net income I (expenditure)
before other recognised
gains and losses				12,514	10,001	1,038,778	1,061,293	(730,973)
Net movement in	funds			12,514	10,001	1,038,778	1,061,293	(730,973)
Reconciliation of	funds:
Total funds brought		forward		127,616		4,692,783	4,820,399	5,551,372
				140,130	10,001	5,731,561	5,881,692	4,820,399
Total funds carried		forward

Balance sheet As at 5 April 2021
		Note		2021f		2020 F
Fixed assets
Tangible assets		11	767
Investment property		12	1,000,000		1,000,000
Total tangible assets				1,000,767		1,000,000
Investments		13		5,030,093		3,986,338
				6,030,860		4,986,338
Current assets
Debtors		14	1,424		1,937
Cash at bank and in	hand		73,261		82,904
			74,685		84,841
Creditors: amounts	falling due within one
year		15	(127,578)		(160,169)
Net current liabilities				(52,893)		(75,328)
Total assets less current liabilities				5,977,967		4,911,010
Creditors: amounts	falling due after more
than one year		16		(96,275)		(90,611)
Net assets				5,881,692		4,820,399
Charity Funds
Endowment funds		17		5,731,561		4,692,783
Restricted funds		17		10,001
Unrestricted funds		17		140,130		127,616
Total funds				5,881,692		4,820,399

Investment	inco	me
			Unrestricted	Restricted	Endowment	Total	Total
			funds	funds	funds	funds	funds
			2021f	2021 f	2021 f	2021f	2020 E
Rental of playing		fields	75,000			75,000	75,000
Investment	income		104,977			104,977	151,367
			179,977			179,977	226,367
Total 2020			226,367			226,367

Direct costs
			Small
	Grants to	Strategic	education	Total	Total
	individuals E	grantsf	grants	2021	2020
Grants	10,000	92,216	18,960	121,176	175,147
Total 2020	1,500	108,417	65,230	175,147

Support cos	ts
				Small
		Grants to	Strategic	education	Total	Total
		individuals	grants	grants	2021	2020
		K	F	E	E
Rent		547	5,050	1,503	7,100	7,200
Printing		6	57	17	80	470
Computer costs		23	218	65	306	172
Sundry expenses		39	363	108	510	986
Insurance		26	240	72	338	338
Travelling		89	819	244	1,152	1,308
Recruitment
expenses						322
Consultancy	fees	50	466	139	655	606
Wages and
salaries		2,360	21,758	6,474	30,592	29,997
Pension cost		267	2,463	733	3,463	3,383
Depreciation		20	181	54	255
		3,427	31,615	9,409	44,451	44,782
Total 2020		1,342	21,943	21,497	44,782

6.	Governance costs
			Unrestricted	Restricted		Endowment	Total	Total
			funds		funds	funds	funds	funds
			2021		2021	2021	2021	2020
			F		F	F	F	F
	Independent Examiner fees		1,836				1,836	1,800
7.	Analysis of Expenditure	by	expenditure	type
			Staff costs	Depreciation		Other costs	Total	Total
			2021 f		2021 f	2021 f	2021 F	2020
	Expenditure on investment management					16,626	16,626	22,817
	Costs of raising funds					16,626	16,626	22,817
	Grants to individuals		2,627		20	10,780	13,427	2,842
	Strategic grants Small education grants		24,221 7,207		181 54	99,429 21,108	123,831 28,369	130,360 86,727
	Charitable activities		34,055		255	131,317	165,627	219,929
	Expenditure on
	governance					1,836	1,836	1,800
			34,055		255	149,779	184,089	244,546
	Total 2020		33,380			211,166	244,546
8.	Net income/(expenditure)
	This is stated after charging:
							2021 F	2020f
	Depreciation oftangible	fixed	assets:
	- owned by the charity						255
	During the year, no Trustees		received any	remuneration (2020 - FNIL).
	During the year, no Trustees During the year, no Trustees		received any received any	benefits in kind reimbursement		(2020 - FNIL). ofexpenses (2020 - f136).

								2021f	2020 E
Wages and salaries								30,592	29,997
Other pension costs								3,463	3,383
								34,055	33,380
The average	number	of persons	employed		by	the Charity	during the	year was as follows:
								2021	2020
								No.	No.
Administration								1	1
No employee	received	remuneration		amounting		to more	than F60,000 in either year.

11.	Tangible fixed assets
		Fixtures and	Computer
		fittings	equipment	Total
			f.
	Cost
	At 6 April 2020	1,305	8,537	9,842
	Additions		1,022	1,022
	At 5 April 2021	1,305	9,559	10,864
	Depreciation
	At 6 April 2020	1,305	8,537	9,842
	Charge for the year		255	255
	At 5 April 2021	1,305	8,792	10,097
	Net book value
	At 5 April 2021		767	767
	At 5 April 2020
12.	Investment property

Investment property
	Freehold
	investment
	property
	F
Valuation
At 6 April 2020 and 5 April 2021	1,000,000

							Listed	Other
							securities	investments	Total
							E
	Market value
	At 6 April 2020						3,794,532	191,806	3,986,338
	Additions						1,225,354		1,225,354
	Disposals						(1,238,865)		(1,238,865)
	Revaluations						1,088,176		1,088,176
	Capital account movement							(30,910)	(30,910)
	At 5 April 2021						4,869,197	160,896	5,030,093
	Material investments
								5 April	5 April
								2021	2020
									F
	Cazenove Charity	Equity	Value			Fund		780,840	757,375
	Trojan Income Fund							246,442	293,151
	Majedie UK Equity Fund							243,144	305,024
	Vanguard S&P 500 UCITS ETF							648,078	495, 153
	William Blair							220,861	133,892
	Vanguard Japan	Stock Index						138,375
	Schroder Asian Income		Fund					91,104	63,294
	BlackRock Asian	Dragon		Fund				123,607	85,740
	Schroder Global Sustainable				Growth			141,849
	Robeco BP Global Premium				Equities			189,945
	M&G Investment	Management				Global Dividend			107,574
	Fidelity Emerging	Markets		Fund				198,398	121,140
	Cazenove Charity	Bond	Fund					86,119	91,691
	Schroder UK Corporate		Bond Fund C Inc					144,854	115,968
	Vontobel Fund SICAV								131,328
	CG Porffolio Funds Pic								63,794
	Trojan Investment	Funds						57,142	170,359
	Janus Henderson	UK Absolute							59,927
	Mayfair Capital in	Prop. INC Trust for Charities						180,510	233,620
	3% Civitas Social							97,076	87,061
	Schroder SSFAlternative			Asset				228,341	133,740
								3,816,685	3,449,831
14.	Debtors
								2021	2020
								f.
	Prepayments and	accrued		income				1,424	1,937

15.	Creditors: Amounts falling due	within one year
			2021	2020f
	Accruals and deferred income		3,883	3,883
	Grants accrued - individual		5,000
	Grants accrued - institutional		118,695	156,286
			127,578	160,169
	Deferred income
	Deferred income at 6 April 2020			246,897
	Resources deferred during the year			108,154
	Amounts released from previous	years		(135,081)
	Deferred income at 5 April 2021			219,970
16.	Creditors: Amounts falling due	after more than one year
			2021f	2020f
	Grants accrued - institutional		96,275	90,611

Statement	offunds	- current year
			Balance at				Gains/	Balance at
			6 April 2020 f	Income f	Expenditure	f	(Losses) F	5 April 2021 F
Unrestricted	funds
General Funds			127,616	179,977	(167,463)			140,130
Endowment	funds
Endowment	Fund		4,692,783		(16,626)		1,055,404	5,731,561
Restricted	funds
The Friends	of Battersea Park			10,001				10,001
Total offunds			4,820,399	189,978	(184,089)		1,055,404	5,881,692
Statement	offunds	- prior year
					Transfers
		Balance at			in/out		Gains/	Balance at 5
		6 April 2019	Income	Expenditure			(Losses)	April 2020
			F	F			F	f.
General Funds		117,978	231,367	(221,729)				127,616
Endowment		funds
Endowment	Fund	5,433,394		(22,817)			(717,794)	4,692,783
Restricted	funds

		Balance at			Gains/	Balance at
		6 April 2020 F	Income f	Expenditure f	(Losses) F	5 April 2021 f
General funds		127,616	179,977	(167,463)		140,130
Endowment	funds	4,692,783		(16,626)	1,055,404	5,731,561
Restricted	funds		10,001			10,001
		4,820,399	189,9?8	(184,089)	1,055,404	5,881,692

		Balance at			Gains/	Balance at 5
		6 April 2019	Income	Expenditure	(Losses)	April 2020
			F		F	E
General funds		117,978	231,367	(221,729)		127,616
Endowment	funds	5,433,394		(22,817)	(717,794)	4,692,783
		5,551,372	231,367	(244,546)	(717,794)	4,820,399

Analysis	of net assets between	funds - current ye	ar
			Unrestricted	Restricted	Endowment	Total
			funds	funds	funds	funds
			2021	2021 f	2021 f	2021
Tangible fixed assets			767			767
Fixed asset investments			298,532		4,731,561	5,030,093
Investment	property				1,000,000	1,000,000
Current assets			64,684	10,001		74,685
Creditors	due within one year		(127,578)			(127,578)
Creditors	due in more than one year		(96,275)			(96,275)
			140,130	10,001	5,731,561	5,881,692
Analysis	of net assets between	funds - prior year
			Unrestricted	Restricted	Endowment	Total
			funds	funds	funds	funds
			2020 F	2020 F	2020 E	2020f
Fixed asset investments			293,555		3,692,783	3,986,338
Investment	property				1,000,000	1,000,000
Current assets			84,841			84,841
Creditors	due within one year		(160,169)			(160,169)
Creditors	due in more than one year		(90,611)			(90,611)
			127,616		4,692,783	4,820,399

Grants of more than f1	,000	a	warded during 2020/21
				2021f	2020 F
The Baytree Centre (Dawliffe		Hall)			1,001
Art 4Space				1,500
Triangle Adventure Playground Carers Hub Lambeth			Association	1,500 9,133	1,500 9,881
CARAS					1,486
Chandran Foundation				3,000
Indo-American Refugee	And	Migrant Organisation			8,496
Kids					6,500
Regenerate					1,500
Mosaic Clubhouse				92,216
Providence House Community			Centre	2,000
Tara Arts					8,700
World Heart Beat Music	Academy				8,780
Learn To Love To Read				1,500
Cheer Trust				1,500	3,088
Oasisplay				1,505
Parallel Youth Enterprise				1,500
Vauxhall City Farm				3,000
Walcott Foundation				10,000
Black Prince Trust
CAIUS House
Tutorfair Foundation
E-merge UK
Evolve Housing Support				5,000
Squash Squared
Katherine Low Settlement					108,417
St Michael's Fellowship					1,298
I Am ln Me Cic					1,500
South Thames College				5,000	5,000
Ethelburga Early Years	Centre				1,500
Free To Be Kids					1,500
Loughborough Junction	Action		Group		1,500
Time To Shine Kids Ltd					1,500
Tom Churchill					1,500
				138,354	174,647