2020-12-31-accounts - Waterford School Trust

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		Pages
Trustees, honorary officers, bankers and advisers
Trustees' report		3/10
Independent auditors'	report	11/13
Statement offinancial	activities	14
Balance sheet		1S
Notes to the accounts		16/20

					Expendable
			Unrestricted	Restricted	endowment	Total	Total
		Hotes	funds	funds	funds	31.12.20	af12.19
				f	f	f	f
Income and endowments	from:
Donations				47,583	12,500	60,083	58,860
Investments (bank interest)		2	1,389		1,389	2,778	5,586
Total			1,389	47,583	13,889	62,861	64,446
Expenditure on:
Raising funds		3	(365)			(365)	(407)
Charitable activities
Grants to Waterford Kamhlaba				(47,583)		(47583)	(94872)
Grant to Waterford Kamhlaba
Foundation ofSouth Africa							(9,340)
Other		5	(3,907)			(3,907)	(2,921)
Total			(4,272)	(47,583)		(51,855)	(107,540)
Net income/(expenditure)
and net movement in funds			(2,883)		13,889	11,006	(43.094)
Transfer between funds			1,065	(1,065)
Net movement in funds			(1,818)	(1,065)	13,889	11,006	(43,094)
Reconciliation offunds:
Total funds brought forward
at 1January 2020			95,750	1,065	675,408	772,223	815,317
Total funds carried forward
at31December 2020		7/11	93,932		689,297	783,229	772,223

							Expendable
					Unrestricted	Restricted	endowment	Total	Total
				Notes	funds	funds	funds	31.12.20	31.12.19
						f	f	f	f
CURRENT ASSETS
Debtors						27,025		27,025	4,033
Cash at bank					96,948	78,305	689,297	864,550	828,306
Total current assets					96,948	105,330	689,297	891,575	832,339
LIABILITIES
Creditors: amounts	falling due within
one year:
Amount due to Waterford			Kamhlaba	9		(105,209)		(105,209)	(57,595)
Bursary administered Audit fee		by the Trust		10	(3,000)	(121)		(121) (3i000)	(121) (2i400)
Other					(16)			(16)
Total current liabilities					(3,016)	(105,330)		(108,346)	(60,116)
TOTAL NET ASSETS (all		current)			93,932		689,297	783,229	772,223
THE FUNDS OFTHE	CHARITY:
Expendable endowment		funds					689,297	689,297	675,408
Restricted income funds									1,065
Unrestricted funds					93,932			93,932	95,750
TOTAL CHARITY FUNDS					93,932		689,297	783,229	772,223

DEBTORS
				Expendable
		Unrestricted	Restricted	endowment	Total	Total
		funds	funds	funds	31.12.20	31.12.19
			f		f
Donations			20,495		20,495
Gift Aid tax recoverable			6,530		6,530	4,033
Total			27,025		27,025	4,033
MOUNT	DUE TO WATERFORD KAMHLABA/
AMOUNT	PAID IN ADVANCE TO	WATERFORD KAMHLABA)
				Expendable
		Unrestricted	Restricted	endowment
		funds	funds	funds	31.12.20	31.12.19
Balance brought forward due to
(paid in advance to) Waterford
Kamhlaba			57,595		57,595	(38,388)
Amounts	received on behalf of
Waterford	Kamhlaba		31		31	1,111
Grants to	Waterford Kamhlaba		47,583		47,583	94,872
Balance carried forward due to
(paid in advance to) Waterford
Kamhlaba			105,209		105,209	57895

			Unrestricted	Restricted	Endowment	Total
			funds	funds	funds	31.12.20
			E	E	E	E
Funds at 1January 2020			95,750	1,065	675,408	772,223
Net movements in funds during		the
period as shown by the Statement of
Financial Activities (on page	14)		(1,818)	(1,065)	13,889	11,006
Funds at 31December 2020			93,932		689,297	783,229
Comparatives for movement	in funds
			Unrestricted	Restricted	Endowment	Total
			funds	funds	funds	31.12.19
Funds at 1January 2019			96,285	46,417	672,615	815,317
Net movements in funds during		the
period as shown by the Statement		of
Financial Activities			(535)	(45.352)	2,793	(43,094)
Funds at 31December 2019			95,750	1,065	675,408	772423