| Notes | 2020 | 2019 | |||||||
|---|---|---|---|---|---|---|---|---|---|
| E | E | ||||||||
| Income | |||||||||
| Investments | 45,530 | 55,425 | |||||||
| Other interest | 1 | ||||||||
| 45,531 | 55,425 | ||||||||
| Expenses | |||||||||
| Professional | charges | 822 | 930 | ||||||
| Management | fees | 4,625 | 4,632 | ||||||
| Bank charges | and | interest | 3 | 2 | |||||
| (5,450) | (5,564) | ||||||||
| 40,081 | 49,861 | ||||||||
| Bursaries | |||||||||
| Bah)eke | 32,694 | 37,499 | |||||||
| King Henry Vill | 37,500 | 37,500 | |||||||
| (70,194) | (74,999) | ||||||||
| Deficit for the | year | (30,113) | (25,138) | ||||||
| Statement of | Net | Assets at31August 2020 | |||||||
| Assets | |||||||||
| Investments | 3 | 1,288,087 | 1,439,897 | ||||||
| Bank/stockbroker | accounts | 4 | 60,962 | 64,200 | |||||
| Accrued income | |||||||||
| 1,349,049 | 1,504,097 | ||||||||
| Liabilities | |||||||||
| Creditors Net Assets |
(1,782) ~4%267 |
(1,860) x,m |
|||||||
| Trustee | Trustee | ||||||||
| 2'f/ 0f2021 | / | /2021 |
| 2020 | |||
|---|---|---|---|
| Movement in Investments -Cost |
|||
| Cost ofInvestments at 1September 2019 |
1,252,154 | ||
| Proceeds from sale of investments | (247,455) | ||
| Gains realised on disposals | 20,085 | ||
| Cost ofdisposals | (227,370) | ||
| Purchase ofinvestments in year |
220,502 | ||
| Cost of Investments at 31August 2020 |
1,245,286 | ||
| Movement in Investments -Valuation |
|||
| Value of investments at 1September 2019 |
1,439,897 | ||
| Proceeds from sale ofinvestments | in year | (247,455) | |
| Accrued income at sale (sale proceeds re-classified | as income) | ||
| Proceeds ofdisposals | (247,455) | ||
| Unrealised gains in year |
(124,857) | ||
| Purchase ofinvestments in year |
220,502 | ||
| Value ofinvestments at 31August |
2020 | 1,288,087 | |
| Bank/Building Society Accounts |
Balance | ||
| Quilters Capital Account |
43,919 | ||
| Quilters Income Account | 8,540 | ||
| Quilters Euro Capital Account |
9 | ||
| Lloyds Corporate Account | 8,494 | ||
| TOTAL | 60,962 |
| Net Assets | |||
|---|---|---|---|
| Represented by: |
|||
| Named Funds |
|||
| A E Higgs | 23,700 | ||
| G CA)lan | 15,473 | ||
| Courtaulds | 14,000 | ||
| Ciarkson | 12,270 | ||
| H L5Taylor | 10,957 | ||
| C 8Shore | 10,418 | ||
| Hobo urn | 9,376 | ||
| J gr H 8Jackson | 7,105 | ||
| Eaves &Washbourne | 5,075 | ||
| FW Shotton | 4,508 | ||
| M Hegan | 3,859 | ||
| 3,137 | |||
| Tuck Shop | 3,000 | ||
| P C Phillips | 2,495 | ||
| 125,373 | |||
| General Fund | |||
| Balance at 1September 2019 | 1,414,104 | ||
| Realised (losses)/gains on sale |
ofinvestments | 20,085 | |
| Balance at31August 2020 | 1,434,189 | ||
| Accumulated Income |
|||
| Balance at 1September 2019 | (224,983) | ||
| Deficit for the year | (30,113) | ||
| Balance at 31August 2020 | (255,096) | ||
| Revaluation Reserve |
|||
| Balance at 1September 2019 | 187,743 | ||
| Transfer realised (gains)/losses |
to general fund | (20,085) | |
| IJnrealised gains/(losses) in year |
(124,857) | ||
| Balance at 31August 2019 | 42,801 | ||
| Net assets as at 31August 2020 | 1,347,267 |