| ORIGINS OF THE CHARITY | ||
|---|---|---|
| STRUCTURE AND GOVERNANCE | ||
| ACHIEVEMENTS AND PERFORMANCE |
||
| FINANCIAL REVIEW. | ||
| TRUSTEE RESPONSIBILITIES .. | ||
| INDEPENDENT AUDITOR'S REPORT. | 10 | |
| STATEMENT OF FINANCIAL ACTIVITIES.. | 14 | |
| BALANCE SHEET | 15 | |
| NOTES TO THE FINANCIAL STATEMENTS.. | 16 | |
| REFERENCE AND ADMINISTRATION | DETAILS.. | ..23 |
| Unmstrlcted | Endowmert | 2020I21 | 2019i20 | ||||
|---|---|---|---|---|---|---|---|
| Notes | Frards | Fratds | Total Funds | Total Funds | |||
| 6 | 6 | 8 | 5 | ||||
| Income from: | |||||||
| tnjestme res | 46,888 | 46AIBB | 42,758 | ||||
| Total Income | 48AIBB | 42,758 | |||||
| Expenditure on: |
|||||||
| Charitable aoBviBes |
5885 | 5r485 | 58,313 | ||||
| Total nditure |
5885 | 5.485 | 56,313 | ||||
| Net gains/(losses) | on Investmenls | 74,777 | 146,596 | 221,37$ | (205,895) | ||
| Net Insr(losses) |
on short | term deposit | 60 | 80 | |||
| Net Income/(expendsure) | and net | ||||||
| movement In funds |
127,210 | 146,596 | 273,806 | (221,450) | |||
| Reconclllatlon ofBrads: |
|||||||
| Total funds brought | fonaard | 10 | 311,356 | 617,490 | 928 | 1,150,296 | |
| Total funds carried forward | 10 | 438,566 | 764,088 | 1 02452 | 928,846 |
| Notes | 2021 | 2020 | |||
|---|---|---|---|---|---|
| Total | Total | ||||
| 8 | E | ||||
| Fixed assets | |||||
| Investments | 1,121,706 | 900,333 | |||
| Total fixed | assets | 1,121,706 | 900,333 | ||
| Current assets | |||||
| Cash at bank and in hand | 80946 | 47,713 | |||
| Total current assets | 80,946 | 47,713 | |||
| Creditors: | Amounts | falling due within | |||
| one ear |
(19,200) | ||||
| Total net assets | 1,202,652 | 928,846 | |||
| The funds | ofthe charity: | ||||
| Endowment | funds | 10 | 764,088 | 617,490 | |
| Unrestricted | income funds | 10 | 438,586 | 311,356 | |
| Total funds | 1,202,652 | 928,846 |
| 3. | EXPENDI | TURE ON | CHARIT | ABL | E ACTIVI | TIES | |||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | funds | Unrestricted | funda | ||||||
| Direct | Support | Total | Direct | Support | Total | ||||
| costs | costs | 2020/21 | costs | costs | 2019/20 | ||||
| R | R | f | 2 | R | 8 | ||||
| Grants | awarded | (7,200) | 1,715 | (5,485) | 49,000 | 9,313 | 58,313 |
| 4. ANALYSIS OF G |
RANTS AWARDED | ||
|---|---|---|---|
| Total | Total | ||
| Organisation funded |
2020/21 | 2019/20 | |
| R | |||
| Birkbeck University ofLondon | 24,000 | ||
| London Soulh Teaching School Alliance, Charles Dickens Primary | |||
| School | 10,000 | ||
| Queen Mary University ofLondon | 5,000 | ||
| Royal Central School ofSpeech and Drama | 5,000 | ||
| The Architectural Association |
5,000 | ||
| Mounbiiew Academy Theatre | ofArts | (5,000) | |
| Cit ofLondon Academ Isli |
ion | 2200 | |
| Total | (7,200 | 49,000 |
| No grants were made in the year (2019/20: 5organisations, average amount ofa grant in 2019/20 equalled f9,800. |
with 5 projects supported). The |
with 5 projects supported). The |
|---|---|---|
| Reconciliation ofgrants payable: |
2020/21 R |
2019/20 f |
| Commitments at 1 April |
19,200 | 7,200 |
| Commitments made in the year |
49,000 | |
| Grant adjustments and cancellations |
(7,200) | |
| Grants paid in the ar |
12,000 | 37,000 |
| Commitments at31 March (note 8) |
19,200 |
| At$1March 2021 | ||||
|---|---|---|---|---|
| Unrestricted | Endowment | Total st $1 | Total atS1 | |
| Geneml finds | funds | March 2021 | March 2020 | |
| 2 | 2 | 2 | 2 | |
| Fixed asssls - invssbnenls | 378,896 | 742,808 | 1,121,706 | 900,333 |
| Current assets | 59,866 | 21,276 | 80,946 | 47,71S |
| Current liabilities | 19200 | |||
| Total | 438.666 | 764.088 | 1202652 | 928 48 |
| At$1March 2020 | ||||
| Urlrsslrl clad | Endowment | Tolal st$1 | Tolal at31 | |
| General funds | funds | March 2020 | March 2019 | |
| f | 2 | 2 | 2 | |
| Fixed assefir - investmenls | 304,121 | 598,212 | 900,SSS | 1,108,228 |
| Crsmnt assets | 28ASS | 21,278 | 47,713 | 51,268 |
| Current llabiliTies | 19 00 | 19200 | 7200 | |
| Total | 311,358 | 617,490 | 928846 | 1 150298 |
| Related party | Connected | party | 2020/21 | 2010/20 | Detail oftransacaon | Detail oftransacaon | Detail oftransacaon | ||
|---|---|---|---|---|---|---|---|---|---|
| 5 | 5 | ||||||||
| Yes-TwoMembers | |||||||||
| ofthe Glar of | London | 2,200 | |||||||
| London Academy | ara govsrrers | ofthe | LAI grant application | approved | fmm the | ||||
| kdington (LAI) |
Academy | charity. (Revoked In | 2020/21) | ||||||
| Charifies Pool | |||||||||
| Charity reglstrafion | |||||||||
| no. 1021138 | The City ofLondon | 45,320 | 42855 | ||||||
| Clb/of London | Corporation | ls the | |||||||
| Corporation | Trustee forthe churl' | Distribution | from the | Charities Pool | |||||
| City ofLondon | The Glar ofLondon Corporation la the |
1,715 | 9,313 | Cenbal Granls | Unit | management | and | ||
| Corporafion | Trustee forthe charity | administration | fees | ||||||
| (-) | (-) |