| Pages | |||
|---|---|---|---|
| Trustee's | annual report | 1to7 | |
| Independent auditor's |
report to the members | 8to11 | |
| Statement | offinancial | activities | |
| Statement | offinancial | position | |
| Notes to | the financial | statements | 14to23 |
| Reference and Administrative | Reference and Administrative | Details | Details | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Registered Charity Name | The John Roan Foundation | ||||||||
| Charity Registration | Number | 312707 | |||||||
| Principal Office | The John Roan School | ||||||||
| Maze Hill | |||||||||
| London | |||||||||
| SE37UD | |||||||||
| The Trustee | |||||||||
| John Roan Foundation | Trustee | ||||||||
| Limited | |||||||||
| Directors of John Roan Foundation | Trustee Ltd (referred | as Trustees | in this report) | during | the year were as | ||||
| follows: | |||||||||
| Nominated | |||||||||
| MsEDaniels | |||||||||
| Mr AWilson | |||||||||
| Ms PMaras | |||||||||
| Mr MRoberts | |||||||||
| Councillor M Lolavar | |||||||||
| Co-opted | |||||||||
| MsLNelson (Chair) | |||||||||
| MsEFuller | |||||||||
| Mr VLawrence | |||||||||
| Mr MMoore | |||||||||
| Mr C Strong | |||||||||
| MsJFarmer | |||||||||
| Kx-o8icio | |||||||||
| Ms C Smith | |||||||||
| Clerk to the Trust | Ms LClayton | ||||||||
| Auditor | Opass Billings Wilson | &Honey LLP | |||||||
| Chartered | Certified Accountants | &statutory | auditor | ||||||
| Numeric House | |||||||||
| 98 Station | Road | ||||||||
| Sidcup | |||||||||
| Kent | |||||||||
| DA15 7BY | |||||||||
| Bankers | Lloyds TSBPic | ||||||||
| 71Lombard Street | |||||||||
| London | |||||||||
| EC3P3BS |
| ollowing grants we |
re made during the year: | |
|---|---|---|
| Music lessons | 76,498 | |
| Music admin | 2,432 | |
| James Hatful Award | 500 | |
| Necessitous Pupils | 1,014 | |
| John Roan Exhibition | 7,000 | |
| DebateMate | 2,150 | |
| Minibus (running |
costs) | 15,000 |
| Music instruments | 5,000 | |
| School Capital expenditure | 14,493 | |
| Subject prizes | 2,007 | |
| Ad Hoc Grants | 375 | |
| Further committed | Ad Hoc Grants | 22,743 |
| Total | 149,212 |
| Period from | ||||||||
|---|---|---|---|---|---|---|---|---|
| 1Apr 19to | ||||||||
| Year to31Aug 21 | 31Aug 20 | |||||||
| Unrestricted | Restricted | |||||||
| funds | funds | Total funds | Total funds | |||||
| Note | ||||||||
| Income and endowments | ||||||||
| Investment | income | 4 | 444,891 | 444,891 | 621,060 | |||
| Total income | 444,891 | 444,891 | 621,060 | |||||
| Expenditure | ||||||||
| Expenditure | on raising funds: | |||||||
| Investment management |
costs | 5 | 138,008 | 139,004 | 221,538 | |||
| Expenditure | on charitable | activities | 6,7 | 221,331 | 221,331 | 495,825 | ||
| Total expenditure | 359,339 | 996 | 360,335 | 717,363 | ||||
| Net gains on investments | 962,930 | 962,930 | 333,774 | |||||
| Net income | and net movement | in funds | 85,552 | 961,934 | 1,047,486 | 237,471 | ||
| Reconciliation offunds | ||||||||
| Total funds | brought forward as | previously | ||||||
| reported | 211,324 | 16,008,978 | 16,220,302 | 15,844„586 | ||||
| Prior year adjustment | 138,245 | |||||||
| Total funds | brought forward as | restated | 211,324 | 16,008,978 | 16,220,302 | 15,982,831 | ||
| Total funds | carried forward | 296,876 | 16,970,912 | 17,267,788 | 16,220,302 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Note | E | |||||
| Fixed assets | ||||||
| Investments | 13 | 16,970,912 | 16,008,978 | |||
| Current assets | ||||||
| Debtors | 14 | 2,017 | 12,243 | |||
| Cash at bank and in hand | 323,602 | 221,769 | ||||
| 325,619 | 234,012 | |||||
| Creditors: amounts | falling due within one year | 15 | 28,743 | 22,688 | ||
| Net current assets | 296,876 | 211,324 | ||||
| Total assets less current | liabilities | 17,267,788 | 16,220,302 | |||
| Net assets | 17,267,788 | 16,220,302 | ||||
| Funds ofthe charity | ||||||
| Restricted funds | 16,970,912 | 16,008,978 | ||||
| Unrestricted funds |
296,876 | 211,324 | ||||
| Total charity funds These financiai statements |
were appmved |
by the board of Trustees | 16 and authorised |
17,267,788 for issue on |
16,220,302 ..!K/l/PQ |
| must be reinvested within |
the fund. | |||||
|---|---|---|---|---|---|---|
| 4. | Investment income |
|||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2021 | Funds | 2020 | |||
| f, | ||||||
| Income from investment | properties | 443,371 | 443,371 | 620,842 | 620,842 | |
| Income from listed investments | 146 | 146 | 218 | 218 | ||
| Building society interest | receivable | 1,374 | 1,374 | |||
| 444,891 | 444,891 | 621,060 | 621,060 |
| Investment management |
Investment management |
Investment management |
costs | ||||
|---|---|---|---|---|---|---|---|
| 2021Costs | Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2021 | |||||
| Portfolio management | 996 | 996 | |||||
| Property management | fees | 42,107 | 42,107 | ||||
| Estate maintenance | costs | 91,497 | 91,497 | ||||
| Insurance costs | 284 | 284 | |||||
| Finance officer and | clerks | costs | 4,120 | 4,120 | |||
| 138,008 | 996 | 139,004 | |||||
| 2020 Costs | Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2020 | |||||
| Portfolio management | 1,374 | 1,374 | |||||
| Property management | fees | 61,037 | 61,037 | ||||
| Estate maintenance | costs | 145,566 | 145,566 | ||||
| Insllfailce costs | 9,728 | 9,728 | |||||
| Finance officer and | clerks | costs | 3,833 | 3,833 | |||
| 221,538 | 221,538 | ||||||
| Expenditure on charitable |
activities by | fund type | |||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds | 2021 | Funds | 2020 | ||||
| Playing Geld expenditure | 60,765 | 60,765 | 225,473 | 225,473 | |||
| Grants to school | 149,212 | 149,212 | 229,608 | 229,608 | |||
| Legal fees | 923 | 923 | 22,640 | 22,640 | |||
| Support costs | 10,431 | 10,431 | 18,104 | 18,104 | |||
| 221,331 | 221,331 | 495,825 | 495,825 |
| Activities | |||||
|---|---|---|---|---|---|
| undertaken | Total funds | Total fund | |||
| directly | Support costs | 2021 | 2020 | ||
| Playing field | expenditure | 60,765 | 60,765 | 225,473 | |
| Grants to school | 149,212 | 149,212 | 229,608 | ||
| Legal fees | 923 | 923 | 22,640 | ||
| Finance officer and clerks cost | 4,120 | 4,120 | 3,833 | ||
| General expenses | 281 | 281 | 635 | ||
| Governance | costs | 6,030 | 6,030 | 13,636 | |
| 210,900 | 10,431 | 221,331 | 495,825 |
| Analysis of | governance | costs | ||||
|---|---|---|---|---|---|---|
| Legal and | ||||||
| professional | ||||||
| Audit | fees | Total 2021 | Total 2020 | |||
| Governance | costs | 6,000 | 30 | 6,030 | 13,636 | |
| Net gains on investments | ||||||
| Restricted | Total Funds | Restricted | Total Funds | |||
| Funds | 2021 | Funds | 2020 | |||
| Unrealised | Gains/(losses) | on investment | ||||
| property | 870,174 | 870,174 | 301,549 | 301,549 | ||
| Unrealised | Gains/(losses) | on listed | ||||
| investments | 93,051 | 93,051 | 32,203 | 32,203 | ||
| Realised Gains/(losses) | on listed | |||||
| investment | (295) | (295) | 22 | 22 | ||
| 962,930 | 962,930 | 333,774 | 333,774 |
| Period &om | |
|---|---|
| Year to | 1Apr 19to |
| 31Aug 21 | 31Aug 20 |
| f. | |
| 6,000 | 6,600 |
| Cash orcash | Listed | Investment | ||
|---|---|---|---|---|
| equivalents | investments | properties | Total | |
| Cost orvaluation | ||||
| At 1 September 2020 | 912 | 469,249 | 15,538,817 | 16,008,978 |
| Additions | 573 | 190,344 | 190,917 | |
| Disposals | (996) | (191,212) | (192,208) | |
| Pair value movements | 93,051 | 870,174 | 963425 | |
| At31August 2021 | 489 | 561,432 | 16,408,991 | 16,970,912 |
| Impairment | ||||
| At 1September 2020 and | ||||
| 31August 2021 | ||||
| Carrying amount |
||||
| At31August 2021 | 489 | 561,432 | 16,408,991 | 16,970,912 |
| At 31August 2020 | 912 | 469,249 | 15,538,817 | 16,008,978 |
| 14. | Investments are all li stock exchange. Debtors |
sted in the United Kingdom (except where st |
ated) and are dealt with on a | recognised |
|---|---|---|---|---|
| 2021 | 2020 | |||
| Peter James Property | Retained Funds | 2,017 | 12,243 | |
| 15, | Creditors: amounts | falling due within one year | ||
| 2021 | 2020 | |||
| Accruals and deferred | income | 28,743 | 22,688 |
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| Analysis ofnet assets between funds | |||
|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2021 | |
| Investments | 16,970,912 | 16,970,912 | |
| Current assets | 296,876 | 296,876 | |
| Net assets | 296,876 | 16,970,912 | 17,267,788 |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2020 | |
| S | |||
| Investments | 16,008,978 | 16,008,978 | |
| Current assets | 211,324 | 211,324 | |
| Net assets | 211,324 | 16,008,978 | 16,220,302 |