2021-03-31-accounts - The Latymer Foundation At Edmonton

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			Page
Rcport ol'thc Tnistem			I ton
Report ofthc Independent Auditors			7 to9
Stntemeat ofFinancial	Activities		10
Balance Sheet
Stntmncnt ofCnsh Flows			12
Notes to the Fianacinl	Smtements		13lo 18
Dctailcd Stntemcnt of	Finnnciol	Activities	19lo 20

							2021	2020
				Unrestricted	Restricted	Kndotrment	Tolnl	Tnt aI
				funds	funds	funds	funds	funds
			Nolcs	f.	8	8	8
INCOMING RESOURCES
Incoming resources from
Gcncrsled funds
Voluntary income Invcstmenl income				15,257 27,773	336,663 158,732	86,934	351,920 273,439	1,855,549 315,865
Totnl incoming rcsourccs				43,030	495,395	86,934	625,359	2,171.414
RESOURCES EXPENDED
Coals ofgencrallng funds Invcs intent mnnngontmt 1costs				4,078	37,304	19,280	60,661	56,773
Chnrilnhle nctlvltles
Fund Raising costs					41,855		41,855	34,I173
Grnnts &awurds —Scheol	and
genernl				89,837	167,842		257.679	682,504
Tire I.sty mar Ilouse Outdoor pursuit ccmro Governance costs				48,726 18,868 32,662		2,042	48,726 18,868 34,704	21,403 26,163
Tntal resuarccs etpcndcd				194,171	247,001	21,322	462,494	821,816
NET INCOMING/(OUTGOING)
RESOURCES BFPORE
TRANSFERS				(151,141)	248,395	65,611	162,865	1,349,598
Groae trwtsfers hctween	funds		16	146,992	(80,546)	(66,4t)7)
Nct i aeons lag/(uuigoing)
Resources before other rccogniscd gt tilts 8tttl losses				(4,149)	167,849	(796)	162,904	1,349,598
Other recognised gatnsRosses
(inins/(losses) on invcstmcnt		nssets
Unrcaliscd (Loss)/Gain on rcvamnt ion	lixed asset		16	138,971	439,417	375,140	953,528	(547,974)
Nel movement Ia funds				134,822	607,265	374,344	1,116,431	801,624
RECONCILIATIO14 OF IrUNDS
'I'olnl feeds brougltt furwnrd				998,238	6,604,070	32,039,573	39,641,881	38,840,257
TOTAL PUNDS CARRIED
FOR)YARD				1,133,060	7,211,335	32,413,917	40,758,312	39,641,881

		AT 3	1MARCH 20	21
					2021	2020
		Unrestricted	Restricted	Endowment	Total	Tote I
		funds	funds	funds	funds	funds
	Notm		8	8
FIXEDASSETS Tangible assets lnvestmenls	12 13	165.000 793,863	4,815.574	29,850,000 2,514,542	30.015,000 8,123,979	30,015,000 7,170,451
		958.863	4.815.574	32,364,542	38,138979	37,185,451
CURRENT ASSETS Debtors Cmh at bank and ia hand	14	3.015 275,328	39,998 2,377,344	49,979	43,013 2,702,651	25.452 2,584, 199
		278,343	2,417,342	49,979	2,745,664	2,(i09,651
CREDITORS
Amnuals I'ailing duc tvithin one )'car	15	(104,146)	(21.581)	(603)	(126,330)	(153,221)
NET CURRKNl' ASSETS		174.197	2.395,761	49,376	2,619,334	2,456.430
TOTAL ASSETS LESS CURRENT LIABILITIES		1,133,060	7.211,335	32,413,918	40.758,313	39,641.881
NET ASSETS		1,133,060	7,211,335	32413.918	40758,313	39641,881
FUNDS Unrestricted funds Rtmlricted Ihnds	16				I,133,060 7,211,335 32.413,918	998,238 6.604.070 32,039,573
Endowment funds
					40.758.313	39641 ggl
TOTAL FUNDS

		Notes	2021		2020
				f,		8
Cash Anws from operating	nctlvilies	20
Cash generated llom operations			118,452		I,450,718
Investing activities
Funds withdrawn
Funds invested
Gains on fixed assets invcstmcnts
Nct wish used in investing	activities
Nct iiicrensc lii cash				1111,452	1,450,718
Cash at beg iuning ofyear			2,584.199		I, 133,481
Cash at end ofycar			2,702,65I		2,584,	199

	At	stnr t oi'year	Casli Bows	Atcnd ofycar
		8	8	8
Cash		2,584,199	118,452	2,702,651

	irised asset liiveslmciits Investnients lisicd on a recognised at irustee's best cstimatc for mnrkct	tbc year cnd. Other investnicnt assets arc incladcd includes nct gains and losses arising on revaluation	tbc year cnd. Other investnicnt assets arc incladcd includes nct gains and losses arising on revaluation
	and disposals for the year.
	VOI.itNTARY INCOME	2021	2020
	Gihs Music instrument hire YSGOL Latymer income Lalymer House income Sundry income	337,065 4,220 7,000 3,635	1,830.884 7,695 13,275 3,695
		351,920	1,855,549
3.	INVESThIENT IN(:On'IE	2021	2020
	Itents receivable Investment income Interest receivable	I 272,293 I,145	311,241 4,623
		273,439	315,865

4	INVESTMENTMANAGEIVIKNT COSTS
,				2021	2020
				8	8
	Investmcnl Management Fees			60,661	56,773
5,	DIREC'I' COSTS OF CHARITABLK ACTIVITIES	Direct costs		Grant funding
	YSGOL/Latymcr Hoasc (Sccnote G)			nl'activities (Sectiotc 7)	Totals
	Outdoor pursuit centre Rcfurbislunent ofLatymer I.louse Fund Raising costs Grants dt awards —School and genernl		18,8G8 48,726	41,855 257,679	18,868 48,726 41,855 257,679
			67,594	299,534	367,128
	MANAGEMFNT OF YSGOL LATYMER OUTDOOR	PIJRS(JITCENTRE
				2021	2020
					8
	Adntinistrative fees Rates and tvater Insurunce Light and heat Tolcphonc Repuirs mtd muintcnuncc			9,513 2,252 500 2,521 903 3,179	11,554 3,168 500 4,861 911 409
				18,868	21,403
	LATYhIFR HOUSE
	Refurbishment ofLatymcr House			48,726
	GRANTS PAYABLE			2021	2020
				8
	Fund raising costs Grants &mvards —Scltool and general			41,855 257,679	34,973 682,504
				299,534	717.477
	GOVERNANCE COSTS			2021	2020
				8	8
	Adminisuative fccs Trnvelling and hospitality Printing, postage dt stationery Auditors' roman«ralion Insurance Gills and presenls Bank charges Books and subscriptions Foundation day expenses Legnl nnd professional I'ees Archivist Suttdty costs			1,510 306 9,000 7,307 705 71 1,205 1,450 2,042 11,108	371 331 9,085 950 93 1,059 2,436 (2,016) 5,200 8,654
				34,705	26,163

TANGIBLE FIXEDASSETS	Freehold Propcrticc
	f.
At I April 2020 Revuluations	30,015,000 0
At 31 March 2021	30,015,000
CARRYING AhlOUNT At 31 March 2021	30.015.000
At 31 March 2020	30,015,000

14	DEBTORSAh(OUNTS	INGD	UE)YITH(	NOitEYEAR
.	:					2021	2020f
	Other debtors					43,013	25,452
15.	CREDITORS: AMOUNTS FALLING		DUE)VITHIN ONE YEAR			2021	2020
							8
	Accrued expenses					126,330	153,221
IG,	hlOVEIIIENT IN FUNDS	At 1.4,20		Net movemeat iu funds	Transfer beBveen funds	Adlustmeats	At 31.3.21
				8	8	&
	Unrcslriclcd funds
	General fund		998,238	(12,170)	139,771	7,221	1,133,060
	Reslrlcted funds Reslrictcd Funds	6,604,070		687,811	(74,160)	(6,386)	7,211,336
	Endotvmcnt funds Endowment lund	32,039,573		440,751	(65,GI I)	(796)	32,413,917
	TOT'Al. FUNDS	39,641,8&1		1,116392		39	40,758,313
	Nct movcnteat in funds, included	in tbc above are as		foliotvs:
				Ineomln&	Resoarces	( abls aud	htnvement
				rcsoarccs	espcndcd	losses	lo lauds
					8	8	&
	Unrcstrlctcd funds
	Gcncrai I'und			43,029	(194,171)	138,971	(12,170)
	Rcstrlctcd funds Rcsirictcd ftmds			495,395	(247,001)	439,417	6&7,811
	Endo'I'I'blent foods
	Endownlcnl Irmld			86,934	(21,322)	375,140	440,751
	TOTAL FUNDS			625,358	(462,494)	953,528	1,116,392

Legal slates oftbc Foun	dntion	dntion
The charily ii cmurolkd	by iu governing		docunicni,	n dead oftrust, and consliiulcs an iaiincorpornted charity			registered	with thc
Charity Commission lbr England		nnd Wales.
CASH GENERATED FROM OPERATIONS
					2021	2020
					f.	8
Surplus for iltc yenr					1,116,431	801,624
Union)ised (gains)/losses on fixed assets invcstniciils					(953,527)	547,974
Movcmcnls in ivorking	capilnh
Gncrease)/decreuse in	debtors				(17,561)	17,588
(Decrease)/increase in	creditors				(26,891)	83,532
Cash generaled from operalions					118,452	1,450,718

			2021	2020
			8	8
INCOMING RESOURCES
Voluntary income
Giga & donations			337,065	1.830,884
Music instrument hire			4,220	7,695
YSGOL Lutymer income				13,275
Lotymer House inconie			7,000
Sundry income			3,635	3,695
			351,920	1,855,549
Inveslmettt Illcaluc
Rents receivable			I
Investmenlioconie			272,293	311,241
Interest r«ccivablc			1,145	4,623
			273,439	315,865
Total incnmlug rcsnurccs			625,359	2,171,414
RESOURCES EXPENDED
Invcstnient nianagement		costs
Inveslmcnt mnnsgcmcnl	Ie«s		60,6&) I	56,773
Charitable activities
Administrative lees			9,513	11,554
Rates snd water			2,252	3,168
Insurance			500	500
Light snd lani Telephone Repairs snd nmintenance Rcfurbishmcm ofLalyaier Grants and mvsrds		Houm	2,521 902 3,179 48,726 299,534	4,861 911 409 717,477
			367,127	738,880
Governance costs
Administrative fees			1,510
Travelling and hospitnlity Printing, postoge &.stationery Auditors' remuneration			308 9,000	371 331 9,085
Insurance			7,307
Gills and presents Bank charges Books and subscriptions Iroundnlioa day expenses Legal and professional fees			705 71 1,205 1,450	950 93 ),059 2,436 (2,016)
Carried fonvnrd			21,556	12.309

		2021	2020
Gnvcrniuiec costs		8	8
Brought iomvard		21,556	12.309
Arcliivist		2,042	5,200
Sundry costs		11,108	8,654
		34,707	26,163
Total resources expcndcd		462.495	821,816
Gross transfers betiveeu	funds	39
iNet incom e before gains	snd losses	162,903	1,349,598
Rccogniscd gnlns snd losses Realised (losses)/gains on fixed asset investments Unreagsed gains/(losses) on fixed asset inveslmenls		(7,485) 961,012	6,119 (554,093)
Nct income		1,116,430	1101,624