##
##
|||Page|
|---|---|---|
|Directors' and Trustees'|Report|3-12|
|Independent
Auditor's|Report|13 - 14|
|Statement of Financial|Activities||
|Balance Sheet|||
|Statement ofcash flows||17|
|Notes to the Accounts||18-28|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|72||
|---|---|
|Col. D BWaddell —Chair —Resigned|27/08/2020|
|R Sharp||
|SG BBartley —Resigned
27/08/2020||
|R Hazlewood —Resigned 27/08/2020||
|A Thompson —Resigned
27/08/2020||
|J Gordon Clark —Resigned
27/08/2020||
|SBalhetchet —Resigned
27/08/2020||
|RWilson||
|D Todd OBE —Acting Chair||
|N Gage - Appointed
27/08/2020||
|W J Packer - Appointed
27/08/2020||
|S Engledow
-Appointed
27/08/2020||
|JW Eagle —Appointed
27/08/2020||
|J Murray
-Appointed
27/08/2020||
|P E Driscoll —Appointed
27/08/2020||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||Unrestricted|Restricted|||
|---|---|---|---|---|---|---|---|
||||Notes|Fundsf|Funds
f.|2020
E|2019|
|Income||||||||
|Donations
and legacies|||||148,258|148,258|42,934|
|Income from
charitable
activities|||3|840,843||840,843|1,151,756|
|Income from other trading|activities||4|24,473||24,473|39,464|
|Investment
income|||5|29,505||29,505|24,396|
|Total Income||||894,821|148,258|1,043,079|1,258,550|
|Expenditure||||||||
|Cost of raising funds|||6|25,174||25,174|39,000|
|Expenditure
on charitable|activities||6|989,695|164,555|1,154,250|1,183,007|
|Total expenditure||||1,014M 9|164,555|1,179424|L,222DQT,|
|Net Income/(expenditure)|&net movements|In||||||
|funds before gains &losses on Investments||||(120,048)|(16,297)|(136,345)|36,543|
|Net gains I(losses) on investments|||12|27,422||27,422|9,500|
|Net movement
In funds||||(92,626)|(16,297)|(108,923)|46,043|
|Reconciliation offunds||||||||
|Total funds, brought
forward||||5,569,359|50,232|5,619,591|5,573,548|
|Total funds, carried forward||||5,476,733|33,935|5,510,668|5,619,591|
##
##
##
|||||||||Notes||||2020||||2019||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||6|||6|6|||
|Fixed assets||||||||||||||||||
|Tangible
fixed|assets|||||||11|3,763,943|||||3,868,660||||
|Investments||||||||12||928,509|||||884,076|||
||||||||||||||4,692,452|||4,752,736||
|Current assets||||||||||||||||||
|Stocks||||||||13|||8,481||||8,042|||
|Debtors||||||||14||29,121|||||23,463|||
|Cash at bank|and|in|hand|||||||911,372||||1,19B,332||||
|||||||||||948,974||||1,227,837||||
|Liabilities||||||||||||||||||
|Creditors
falling due|||within one year|||||15||(130,758)|||||(360,982)|||
|Net current assets|||||||||||||818,216||||8B6,855|
|Net assets|||||||||||||5 519,B65|||5,619,591||
|The funds ofthe||charity||||||||||||||||
|Unrestricted
funds:||||||||||||||||||
|General||||||||16|||||4,384,356|||4,437,314||
|Designated||||||||16|||||1,092,377|||1,132,045||
|Restricted
funds||||||||16|||||33,935||||50,232|
|Total charity|funds||||||||||||5.519.665|||5.619,591||
|The Trustees
the Charities|have prepared
accounts
In accordance
with Section 398
Act 2011. These accounts
are prepared
In accordance||||||||||||ofthe Companies
with the special||Act 2006
provisions|and Section 138of
of Part 15of the||
|Companies
Act relating||||to small||companies||and constitute|||the annual||accounts|required|by the Companies||Act 2006|
|and are for circulation|||to|members||of|the company.|||||||||||
##
##
##
##
||||2020|2019|
|---|---|---|---|---|
||||8|6|
|Net cash generated
from
/ used|In operating|activities|295,774|139,957|
|Cash flows from investing
activities|||||
|Dividend
and interest Income|||29,505|24,396|
|Purchase
oftangible lixed assets|||(1,680)|(9,711)|
|Purchase
of investments|||(26,155)|(4,152)|
|Additions
to / withdrawals
from cash held within||investments|9,144|(6,816)|
|Cash provided
by investing
activities|||10,814|3,717|
|Increase
In cash &cash equivalents
in the year|||284,960|143,674|
|Cash &cash equivalents
at the beginning
ofthe year|||1,196,332|1,052,658|
|Total cash &cash equivalents|at the end ofthe year||311312.|1,196,332|
|Reconciliation
of net movement|In funds to|net cashflow from operating|activities:||
||||2020|2019|
||||F|p|
|Net movement
in funds|||(108,923)|46,043|
|Add back depreciation|||106,147|105,800|
|Deduct dividend
and interest income from Investments|||(29,505)|(24,396)|
|Deduct gains / add back losses on investment|||(27,422)|(9,500)|
|Deduct gains
/ add back losses on disposal offixed assets|||250||
|Decrease / (increase)
In stock|||(439)|4,273|
|Decrease / (increase)
in debtors|||(5,658)|(8,680)|
|Increase
/ (decrease)
in creditors|||(230,224)|26,417|
|Net cash generated
from
/ used|In operating|activities|295,774|139,957|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|DONATIONS
AND L|EGACIES|||||
|---|---|---|---|---|---|
||||Restricted|||
||||Funds
f|2020
f|2019f|
|The Arts Society|||||3,000|
|The De Laszlo Foundation|||||8,950|
|Golden Bottle Trust|||10,000|10,000|10,000|
|The Michael Marks Charitable||Trust|8,950|8,950|8,950|
|The Mohamed S.Farsi Foundation|||||10,000|
|Worlds
End Studios|||||1,000|
|Other donations
&f1,000|||2,107|2,107|1,034|
|HMRC Job Retention|Scheme||127,201|127,201||
||||148.268|148,288|42,934|
##
##
|Unrestricted|||
|---|---|---|
|Funds
f|2020
f|2019f|
|840,843|840,843|1,151,756|
|840,843|840,843|1,151,756|
##
|INCOME FROM OTHER TRADING ACTIV|ITIES|||
|---|---|---|---|
||Unrestricted|||
||Fundsf|2020f|2019f|
|Shop income|18,172|18,172|29,032|
|Car parking fees|3,770|3,770|5,408|
|Other income|2,531|2,531|5,024|
||24,473|24473|38,,464|
##
##
##
##
##
##
|apportioned|to|the vari|ous|charitable
activiti|es on the basis of|staff time allocated|to each activity.||
|---|---|---|---|---|---|---|---|---|
||||||General|Governance|||
||||||supportf|functionf|2020|2019f|
|Finance and|administration|||staff costs|||164,844|163,044|
|Management||staff|||||3,833|3,743|
|Premises costs|||||14,284||14,284|14,144|
|Depreciation|||||10,615||10,615|10,580|
|Communication||costs|||10,147||10,147|10,738|
|Information|technology||||9,557||9,557|10,440|
|Insurance|||||10,670||10,670|9,694|
|Bank charges|||||10,189||10,189|13,949|
|Legal and professional|||costs||13,531|1,441|14,972|12,675|
|Bad debts||||||||4,558|
|Sundry costs|||||3,860||3,860|4,434|
|Audit fees||||||6,600|6,600|6,600|
||||||247 696|11,874|285270|284699|
##
##
##
##
|NET INCOMEI(EXPENDITURE)
FOR THE YEAR
This is stated after charging:|||
|---|---|---|
||2020|2019|
|||E|
|Depreciation
oftangible
fixed assets|106,147|105,800|
|Operating
lease - copier|3,934|4,042|
|Auditors'
remuneration
—audit offinancial statements|6,600|6,600|
##
|STAFF|COSTS|2020|2019|
|---|---|---|---|
|||6|6|
|Salaries||676,052|678,819|
|National|Insurance|40,751|39,133|
|Pension||9,677|7,698|
|||726,460|726660|
##
##
|||2020|2019|
|---|---|---|---|
|Management||1.5|1.5|
|Direct staff||17.5|18.0|
|Administrative|and support|5.5|5.5|
|||24.5|25.0|
##
##
##
##
|TANGIBLE FIXEDASSETS||||
|---|---|---|---|
||Freehold|Fixtures,||
||Interest
ln land|fittings and||
||and buildings|equipment|Total|
||E|E|6|
|Cost:||||
|As at 1 September 2019|4,956,822|102,131|5,058,953|
|Additions||1,680|1,680|
|Disposals||(4,431)|(4,431)|
|As at 31August 2020|4,956,822|99,380|5,056,202|
|Depreciation:||||
|As at 1 September 2019|1,114,777|75,516|1,190,293|
|Dlsposals||(4,181)|(4,181)|
|Charge for the year|99,136|7,011|106,147|
|As at 31 August 2020|1,213,913|78,346|1,292,259|
|Net book value:||||
|As at 1 September 2019|3,842,045|26,615|3,888,680|
|As at 31 August 2020|3,742,909|21,034|3,763,943|
##
##
##
##
##
||||||2020|2019|
|---|---|---|---|---|---|---|
||||||8|F|
|Quoted Investments|||||||
|Market value,|brought||forward||871,448|857,798|
|Additions|||||26,155|4,152|
|Unrealised
gain /(loss)|||.||27,422|9,500|
|Market value,|carried forward||||925,025|871,448|
|Cash held as|part of portfolio||||3,484|12,628|
|Total Investments|||||928,8119|M4816,|
|Historic cost|||||863.118|826,963|
|Market value|analysed||by type|of Investments:|||
||||||2020|2019|
||||||E|E|
|UK Equites
UK bonds|||||92,569
174,787|93,139
174,016|
|Foreign equities
Foreign bonds|||||263,743
171,099|278,061
101,375|
|Gold and gold|equities||||64,217|56,043|
|llliquid strategies
Multi-asset funds||and options|||69,925
7,120|47,941
11,395|
|Hedge funds
Property
Commodities|||||14,584
12,346|9,135
13,631
6,489|
|Other|||||9,289|8,180|
|Cash held within||the investment||portfolio|48,850|84,671|
|Market value|as at 31||August 2020||928,509|884,076|
|STOCK|||||||
||||||2020|2019|
||||||E|E|
|Shop stock|||||8,481|8,042|
||||||8481|8,042|
|DEBTORS|||||||
||||||2020f|2019
E|
|Trade debtors|||||14,637|8,949|
|Other debtors||||||687|
|Prepayments|and|accrued income|||14,484|13,827|
||||||29,121|23,463|
##
##
##
##
##
|CREDIT|'ORS: amounts
falling due within one year|||
|---|---|---|---|
|||2020|2019|
|||E|E|
|Trade crediiom||25,608|18,074|
|Taxation|and social security|7,017|9,237|
|Deferred|income (note 18)|88,757|314,928|
|Other creditors||2,495|2,714|
|Accruals||6,881|16,029|
|||130,758|360,982|
##
|MOVEMENT
IN FU|N|DS||||||||
|---|---|---|---|---|---|---|---|---|---|
||||Balance|||Gains/|||Balance|
||||at 01.09.19|Income|Expenditure|(losses)||Transfers|at 31.08.20|
||||6|6|6||6|9|6|
|Restricted funds:||||||||||
|Prizes Fund|||8,298|600|||||8,898|
|Bursary Fund|||41,934|20,457|37,354||||25,037|
|HMRC Job Retention||Scheme|-|127,201|127,201|||||
||||50,232|148,268|154565||||33,935|
|Unrestricted
funds:||||||||||
|Designated
funds||||||||||
|Bursary Fund|||133,929||39,668||||94,261|
|Building
Maintenance||Fund|255,000||||||255,000|
|New Building
Fund|||743,116||||||743,116|
||||1,132,045||39,668||||1,092,377|
|General funds
7 t
10
th 4&|7|0|4,437,314
9,759,369|894,821
BQ4,821|975,202
1 014689|27,422
27422,|||4,384,356
5,476,733|
|Total funds|||5,619,691|1,043,079|1,179424|27422|||5,510,668|
|Movement
in funds||—previous|year|||||||
||||Balance|||Gains/|||Balance|
||||at01.09.18|Income
E|Expenditure
E|(losses)
6||Transfers
f|at 31.08.19
6|
|Restricted funds:||||||||||
|Prizes Fund|||8,998|1,000|1,700||||8,298|
|Bursary Fund||||41,934|||||41,934|
|||||42,934|1,700||||50,232|
|Unrestricted
funds:||||||||||
|Designated
funds||||||||||
|Bursary Fund|||197,099||71,311|||8,141|133,929|
|Building
Maintenance||Fund|255,000||||||255,000|
|New Buikiing Fund|||750,000||||||743,116|
||||1,202,099||78,195|||8,141|1,132,045|
|General funds|||4,362,451|1,215,616|1,142,112||9,500|(8,141)|4,437,314|
|Total Unrestricted|Funds||5,564,550|1,215,616|1,220,307||9,500||5,569,359|
|Total funds|||5,573681|1,268,660|1,222,007||9,500||5,619,591|
##
##
##
##
##
##
##
##
##
##
##
##
##
|ANALYS|IS OF FUND BALANCES B|ETWEEN NET ASSET|S|S|||
|---|---|---|---|---|---|---|
|||Generalf|Designatedf||Restrictedf|Total|
|Tangible|fixed assets|3,763,943||||3,763,943|
|Investments||||928,509||928,509|
|Net current assets||620,413||163,868|33,935|818,216|
|||4354 355|1|332377|33935|5,510,668|
|Analysis|offund balances between|net assets —previous|year||||
|||Generalf|Designated
f.||Restricted
F|Totalf|
|Tangible|fixed assets|3,868,660||||3,868,660|
|Investments||||884,076||884,076|
|Net current assets||568,654||247,969|50,232|866,855|
|||4437314|1|132345|50232|5,619,591|
##
##
##
##
|DEFERRED INCOME|DEFERRED INCOME|DEFERRED INCOME||||
|---|---|---|---|---|---|
|||||2020
E|2019f|
|Balance|as at 1st|September|2019|314,928|300,923|
|Amount|released|to income|in the year|(314,928)|(300,923)|
|Amount|deferred|in the year||88,757|314,928|
|Balance|as at 31stAugust 2020|||88,757|314928|
##
##
##
##