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2022-03-31-accounts

Page
Trustees'
report		 1-3
Statement ofTrustees' responsibilities
Independent
auditor's		 report 5-7
Statement
offinancial		 activities 8-9
Balance sheet 10
Notes to the financial statements 11-21

Current financial year
Unrestricted Restricted Endowment Total Total
funds funds funds
Notes 2022
F		 2022
f		 2022
f		 2022f 2021f
~eccme
r m
Donations
and legacies		 500
Investments 155,769 1,787 23,258 180,814 173,434
Total income and endowments 155,769 1,787 23,258 180,814 173,934
e diture on:
Raising funds 11,259 11,259 10,080
Charitable
activities		 143,309 22,500 165,809 172,959
Total resources expended 143,309 22,500 11,259 177,068 183,039
Net gainsl(losses)
on investments		 6,646 14,636 397,315 418,597 158,025
Net movement
in funds		 19,106 (6,077) 409,314 422,343 148,920
Fund balances at 1April 2021
As originally
reported		 361,337 291,243 4,362,33B 5,014,91S 4,S65,998
Prior year adjustment (37,500) - - {'37,500)
As restated 323,837 291,243 4,362,338 4,977,418 4,865,998
Fund balances at 31 March 2022 342,943 285,166 4,771,652 5,399,761 5,014,918

Prior financial year Prior financial year
Unrestricted Restricted Endowment Total
funds funds funds
2021 2021 2021 2021
Notes E E E E
~nc mefrcm:
Donations
and legacies		 500 500
Investments 150,000 1,839 21,595 173,434
Total income and endowments 150,500 1,839 21,595 173,934
Ex enditure on:
Raising funds 10,080 10,080
Charitable
activities		 168,459 4,500 172,959
Total resources expended 168,459 4,500 10,080 183,039
Net gains/(losses) on investments 20,335 38,069 99,621 158,025
Net movement
in		 funds 2,376 35,408 111,136 148,920
Fund balances at 1 April 2020
As originally
reported		 358,961 255,835 4,251,202 4,865,998
Prior year adjustment
As restated 358,961 255,835 4,251,202 4,865,998
Fund balances at 31 INarch 2021 361,337 291,243 4,362,338 5,014,918

2022 2021
Notes f
Fixed assets
Investment
properties		 10 3,965,000 3,605,000
Inveslments 12 1,333,347 1,244,588
5,298,347 4,849,588
Current assets
Debtors 13 41,613 37,501
Cash at bank and in hand 110,414 148,911
152,027 186,412
Creditors: amounts falling due within
one year 14 (50,613} (21,082}
Net current assets 101,414 165,330
Total assets less current liabilities 5,399,761 5,014,918
Capital funds
Endowment
funds -		 eneral
General endowment funds 1,561,652 1,512,338
Fair value reserve 3,210,000 2,850,000
15 4,771,652 4,362,338
Income funds
Restricted funds 285,166 291,243
Unrestricted
funds		 342,943 361,337
5,399,761 5,014,918

Total Unrestricted
funds
2022f 2021f
500
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Activities Activities
undertaken undertaken
directly directly
2022 2021
E
Grants for educational visits 1,512
Grants for university students 48,000 65,000
Scholarship 22,500 4,500
Insurance 1,137 1,015
Grant for First Story 8 Book Buzz Projects 6,500 3,500
Grant for Open Minds Project 6,500 6,500
Grant for Think Forward Project 16,000 16,000
Grant for school equipment 22,860 40,444
Access Project 30,000 30,000
Valuation fees 1,800
156,809 166,959
Share ofgovernance costs (see note 7) 9,000 6,000
165,809 172,959
Analysis by fund
Unrestricted funds 143,309 168,459
Restricted funds 22,500 4,500
165,809 172,959
6 Raising funds
Endowment Endowment
funds funds
general general
2022 2021
f'.
Investment management 11,259 10,080
11,259 10,080

7 Support costs Support costs
Support Governance 2022 2021
costs costs
f f
Audit fees 9,000 9,000 6,000
9,000 9,000 6,000
Analysed between
Charitable activities 9,000 9,000 6,000

The average monthly
numb		 er ofemploye es
during the		 year was:
2022 2021
Number Number
Total
There were no employees whose annual remuneration was more than f60,000.
10 Investment property
2022f
Fair value
At 1 April 2021 3,605,000
Net gains or losses through fair value adjustments 360,000
At 31 March 2022 3,965,000

10 Investment
property		 (Continued)
11 Financial instruments 2022f 2021f
Carrying
amount of		 financial assets
Instruments
measured		 at fair value through profit or loss 5,298,347 4,849,588
12 Fixed asset investments
Listed
investmentsf
Cost or valuation
At 1 April 2021 1,244,588
Additions 205,566
Valuation
changes		 58,597
Oisposals (175,404)
At 31 March 2022 1,333,347
Impairment
At 1 April 2021
At 31 March 2022
Carrying
amount
At 31 March 2022 1,333,347
At 31 March 2021 1,244,588
13 Debtors
Amounts falling due within one year: 2022
f		 2021f
Other debtors 41,613 37,501

Movement in funds Movement in funds
Balance at Incoming Revaluations Balance at Incoming Revaluations Balance at
1 April 2020 resources gains and 1April 2021 resources gains and 31 March 2022
losses losses
f f f f f
Permanent endowments
GGS
Foundation-
Land 3,605,000 3,605,000 360,000 3,965,000
GGS
Foundation-
Other 591,581 21,548 85,762 698,891 23,237 24,153 746,281
Frances
Davidson 10,902 12 10,914 10,919
Lilian Davy 18,122 3,746 21,868 1,887 23,755
GGS prize
fund 17,332 24 34 17,390 12 17 17,419
KBBfund 8,265 10 8,275 3 8,278
4,251,202 21,594 89,542 4,362,338 23,257 386,057 4,771,652
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