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|---|---|---|---|
|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|
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||||||||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|
##
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||irised asset liiveslmciits
Investnients
lisicd on a recognised
at irustee's best cstimatc for mnrkct|stock cxclmnge are valued
ai market voliic nt
value. Tbe Statement ofFinancial Activities|stock cxclmnge are valued
ai market voliic nt
value. Tbe Statement ofFinancial Activities|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|
##
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##
|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|FALL|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|
##
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##
##
##
|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|