| Unrestricted | Restricted | 2021 | 2020 | |||
|---|---|---|---|---|---|---|
| Notes | ||||||
| Capital | Endowment | |||||
| Fund | Fund | Total | ||||
| Income and endowments | from: | |||||
| Donations and legacies |
617,486 | 617,486 | 264,106 | |||
| Charitable Activities |
||||||
| Transfer from the school | 421,997 | 421,997 | 174,126 | |||
| Fundraising Trading |
||||||
| Other | 6,545 | 6,545 | 14,946 | |||
| Investment income |
99,055 | 99,055 | 83,764 | |||
| Total | 1,145,083 | 1,145,003 | 536,942 | |||
| Charitable activities: |
||||||
| Bursary Grants Awarded | 470,039 | 470,039 | 410,722 | |||
| Raising funds: Brokers fees4 Bank charges Other costs |
22,935 3,120 |
22,935 3,120 |
17,491 5,832 |
|||
| Total | 496094 | 496094 | 434045 | |||
| Net income and net movement | in funds | 648,989 | 648,989 | 102,897 | ||
| before gains and losses on | investments | |||||
| Net gains/(losses) on investments: |
544,079 | 544,079 | (256,863) | |||
| Net movements in funds |
1193,068 | 1,193,068 | (153,966) | |||
| Reconciliations fFunds |
||||||
| Total funds brought forward | 3,441,138 | 3,441,143 | 3,595,109 | |||
| Total funds carried forward | 4,634/06 | 49634/11 | 3,441,143 |
| Notes | 2021 | 2020 | |
|---|---|---|---|
| Fixed Assets | |||
| Investments | 3,795,327 | 2,173,013 | |
| urrent Assets | |||
| Accrued income | 61,618 | 61,618 | |
| Manchester High School for Girls Cash at bank and in hand |
817,991 | 921 1,208,711 |
|
| Total current assets | 879,609 | 1,271,250 | |
| Creditors: | |||
| Amounts falling due within one year |
|||
| Accruals | (3,120) | (3,120) | |
| Manchester High School for Girls |
(37,605) | ||
| (40,725) | (3,120) | ||
| Net current assets | 838,884 | 1,268,130 | |
| Net Assets | 4,634,211 | 3,441,143 | |
| The funds ofthe harit |
|||
| Unrestricted capital fund Endowment Fund |
4,634,206 5 |
3,441,138 5 |
|
| Total charity funds | 4,634,211 | 3,441,143 |
| Notes | 2021 | 2020 | ||||
|---|---|---|---|---|---|---|
| Cash flows used in operating activities Net cash provided by operating activities |
(a) | 588,460 | 390,498 | |||
| Cash flows from investing activities: Dividends, interest and rents from investments Proceeds from sale of investments |
99,055 233,234 |
83,764 35,971 |
||||
| Cost ofpurchasing investments |
(1,311,469) | |||||
| Net cash provided by investing activities |
(979,180) | 119,735 | ||||
| Change in cash and cash equivalents in the |
reporting | period | (390,720) | 510,233 | ||
| Cash and cash equivalents at the beginning |
ofthe reporting | period | 1,208,711 | 698,478 | ||
| Cash and cash equivalents at the end ofthe |
reporting | period | 817,991 | 1,208,711 | ||
| Notes on the C shflow Statement | ||||||
| a.Reconcili tion ofnet movement in funds |
to ne cash i'rom | |||||
| o ratin activities |
||||||
| Net movements in funds |
1,193,068 | (153,966) | ||||
| Decrease in debtors Increase/(decrease) in creditors Dividends, interest and rents from investments (Gains)/losses on investments Net cash used in operating activities |
921 37,605 (99,055) (544,079) 588,460 |
477,461 (106,096) (83,764) 256,863 390,498 |
||||
| b).Anal sisofcash and cash e uivalents |
||||||
| Cash in hand | 817,991 | 1,208,711 | ||||
| Total cash and cash equivalents | 817,991 | 1,208,711 |
| 2). Fixed Assets Investments |
2021 | 2020 |
|---|---|---|
| Market value at 1stAugust 2020 | 2,173,013 | 2,465,847 |
| Additions | 1,311,469 | |
| Disposals at cost | (233,234) | (35,971) |
| Unrealised (loss)/gain on revaluation |
544,079 | (256,863) |
| Market value at 31stJuly 2021 | 3,795,327 | 2,173,013 |
| Cost at 31stJul 2021 |
2,839,969 | 1,788,154 |
| Investments at fair value comprise Fixed Income Bonds f128,150(2020:f148,756)Equities K3,314,155(2020:K1,844,139) Property f126,375(2020:f84,579)and Alternatives F226,647 (2020:f95,538). |
| 3). | Other Costs | 2021 | 2020 |
|---|---|---|---|
| Audit | 3,120 | 3,528 | |
| Legal fees | 3,120 | 2,304 5,832 |