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|||Page||
|---|---|---|---|
|Reference and Administrative
Details||||
|Report ofthe Trustees|2|to|8|
|Report ofthe Independent
Auditors|9|to|11|
|Statement ofFinancial ActivMes||12||
|Balance Sheet||13||
|Notes to the Financial Statements|14|to|19|
|Detailed Statement of Financial Activities|20|to|21|
##
|TRUSTEES|Mrs J L Davis||||||
|---|---|---|---|---|---|---|
||Mr A O' Brien (resigned||||12.10.2020)||
||Mr D Carter Chairman||||||
||Mr P Arkinstafi||(resigned|||12.10.2020)|
||Mr R Baizley (resigned||||12.10.2020)||
||Mr P Sheriff (resigned||||12.10.2020)||
||Mrs AWesson||(resigned|||12.10.2020)|
||Mr I Myatt (resigned|||12.10.2020)|||
||Mrs R Heitmar||(resigned|||12.10.2020)|
||Mr M Qureshi|(resigned 12.10.2020)|||||
||Mr M Maybury||(resigned|||12.10.2020)|
||Mr D Robson||||||
||Mr A Robinson||(appointed|||12.10.2020)|
||Mr M King (appointed
12.10,2020)
Mr R Bhandal
(appointed 7.9.2020) (resigned 12.10.2020)||||||
|PRINCIPAL ADDRESS|Lichfield Road||||||
||Sutton Coldfield||||||
||West Midlands||||||
||B742NH||||||
|REGISTERED CHARITY NUMBER|517907||||||
|AUDITORS|Harwoods||||||
||(Statutory
auditor)||||||
||1 Trinity Place||||||
||Midland
Drive||||||
||Sutton Coldfield||||||
||West Midlands||||||
||872 1TX||||||
|SOLICITORS|Eddows Perry||Osbourne||||
||46 High Street||||||
||Sutton Coldfield||||||
||B72 1UL||||||
||Browne Jacobson||||||
||Victoria Square||House||||
||Victoria Square||||||
||Birmingham||||||
||B24BU||||||
|ADVISERS|Quilter Cheviot||||||
||Two Snowhifi||||||
||Birmingham||||||
||B46GA||||||
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|||FO|R THE YEAR|ENDED 31AUGU|ST 2021|||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
||||Unrestricted|Restricted|Endowment|Total|Total|
|||Notes|funds
f|funds
5|fund
5|funds
5|fundsf|
|INCOII/IE AND ENDOWMENTS||||||||
|FROM||||||||
|Donations
and legacies|||87,594|6,589||94,183|157,791|
|Investment
income|||124||105,837|105,961|100,778|
|Other income|||||||29,658|
|Total|||87,718|6,589|105,837|200,144|288,227|
|EXPENDITURE ON||||||||
|Charitable
activities||||||||
|Charitable
activities|||261,616|44,944|21,767|328,327|131,600|
|Other expenditure|||1,150||1|1,151||
|Total|||262,766|44,944|21,768|329,478|131,600|
|Net gains/(losses)
on||||||||
|investments|||||443,472|443,472|(176,813)|
|NET INCOME/(EXPENDITURE)|||(175,048)|(38,355)|527,541|314,138|(20,186)|
|Transfers
between|funds|12|64,691|38,131|(102,822)|||
|Net movement
in funds|||(110,357)|(224)|424,719|314,138|(20,186)|
|RECONCILIATION|OF FUNDS|||||||
|Totalfunds
broughtforward|||371,429|1,783,668|3,051,131|5,206,228|5,226,414|
|TOTAL FUNDS CARRIED||||||||
|FORWARD|||261,072|1,783,444|3,475,850|5,520,366|5,206,228|
##
##
|||BALANCE SHEET
31AUGUST 2021|||
|---|---|---|---|---|
||||2021|2020|
|||Notes|7||
|FIXEDASSETS|||||
|Tangible assets|||1,783,444|1,805,742|
|Investments|||||
|Investments|||3,432,239|2,919,846|
|Social investments|||||
||||5,215,683|4,725,588|
|CURRENT ASSETS|||||
|Debtors|||11,499|6,532|
|Cash at bank snd|in hand||301,948|484,661|
||||313,447|491,193|
|CREDITORS|||||
|Amounts
falling due within one year||10|(8,764)|(10,553)|
|NET CURRENT ASSETS|||304,683|480,640|
|TOTAL ASSETS|LESSCURRENT LIABILITIES||5,520,366|5,206,228|
|NET ASSETS|||5,520,366|5,206,228|
|FUNDS||12|||
|Unrestricted
funds|||261,072|371,429|
|Resb icted funds|||1,783,444|1,783,668|
|Endowment
funds|||3,475,850|3,051,131|
|TOTAL FUNDS|||5,520,366|5,206,228|
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|COMPAR|ATIVES FOR THE ST|ATEMENT O|F FINANCIAL ACTIV|ITIES|||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Endowment|Total|
||||funds|funds|fund|funds|
||||8|8|E|5|
|INCOME|AND ENDOWMENTS|FROM|||||
|Donations|and legacies||125,324|32,467||157,791|
|Investment|income||1,047||99,729|100,778|
|Other income|||158||29,500|29,658|
|Total|||.126,529|32,469|129,229|288,227|
|EXPENDITURE ON|||||||
|Charitable|activities||||||
|Charitable|activities||65,742|44,794|21,064|131,600|
|Net gains/(losses)
on investments|||||(176,813)|(176,813)|
|NET INCOME I(EXPENDITURE)|||60,787|(12,325)|(68,648)|(20,186)|
##
##
|NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31AUGUST 2021|NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31AUGUST 2021|NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31AUGUST 2021|NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31AUGUST 2021|||
|---|---|---|---|---|---|
|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued||||||
|||Unrestricted|Restricted|Endowment|Total|
|||funds
5|funds
f|fund
5|fundsf|
|Transfers
between|funds|(173,219)|35,173|138,046||
|Net movement
in funds||(112,432)|22,848|69,398|(20,186)|
|RECONCILIATION|OF FUNDS|||||
|Total funds brought forward||483,861|1,760,820|2,981,733|5,226,414|
|TOTAL FUNDS CARRIED FORWARD||371,429|1,783,668|3,051,131|5,206,228|
|TANGIBLE FIXEDASSETS||||||
||||||Freehold|
||||||property|
||||||5|
|COST||||||
|At 1 September 2020|||||2,458,270|
|Additions|||||22,496|
|At 31August 2021|||||2,480,766|
|DEPRECIATION||||||
|At 1 September 2020|||||652,528|
|Charge for year|||||44,794|
|At 31August 2021|||||697,322|
|NET BOOK VALUE||||||
|At 31August 2021|||||1,783,444|
|At 31August 2020|||||1,805,742|
|FIXEDASSET INVESTMENTS||||||
||||||Listed|
||||||investments|
||||||5|
|MARKET VALUE||||||
|At 1 September 2020|||||3,096,659|
|Additions|||||1,556,415|
|Disposals|||||(1,487,494)|
|At 31August 2021|||||3,165,580|
|PROVISIONS||||||
|At 1 September 2020|||||176,813|
|Revaluation
adjustments|||||(443,472)|
|At 31August 2021|||||(266,659)|
|NET BOOK VALUE||||||
|At 31August 2021|||||3,432,239|
|At 31August 2020|||||2,919,846|
##
##
||Represented||by:-|||||||
|---|---|---|---|---|---|---|---|---|---|
||listed investments|||||||3,432,239|2,919,846|
|||||||||3,432,239|2,919,846|
|9.|DEBTORS:AMOUNTS|||FALLING DUE WITHIN ONE YEAR||||||
|||||||||2021|2020|
|||||||||6|5|
||Other debtors|||||||11,499|6,532|
|10.|CREDITORS:||AMOUNTS||FALLING DUE WITHIN|ONE YEAR||||
|||||||||2021|2020|
|||||||||E||
||Other creditors|||||||8,764|10,553|
|11.|ANALYSIS OF NET ASSETS BETWEEN FUNDS|||||||||
|||||||||2021|2020|
||||||Unrestricted|Restdcted|Endowment|Total|Total|
||||||funds
8|funds|fund|fundsf|funds
5|
||Fixed assets|||||1,783,444||1,783,444|1,805,742|
||Investments||||||3,432,239|3,432,239|2,919,846|
||Current assets||||266,111||47,336|313,447|491,193|
||Current
liabilities||||(5,039)||(3,725)|(8,764)|(10,553)|
||||||261,072|1,783,444|3,475,850|5,520,366|5,206,228|
|12.|MOVEMENT|IN FUNDS||||||||
||||||||Net|Transfers||
||||||||movement|between|At|
|||||||At 1.9.20
E|in funds
f|funds
5|31.8.21|
||Unrestricted|funds||||||||
||General
fund|||||99,534|(28,243)|43,572|114,863|
||Inspiration
and||excellence||- designated|271,895|(146,805)|21,119|146,209|
|||||||371,429|(175,048)|64,691|261,072|
||Restricted funds|||||||||
||Stem Block|||||(22,074)|6,439|15,635||
||Restricted
fixed asset|||||1,805,742|(44,794)|22,496|1,783,444|
|||||||1,783,668|(38,355)|38,131|1,783,444|
||Endowment|funds||||||||
||Permanent
endowment|||||3,051,131|527,541|(102,822)|3,475,850|
||TOTAL FUNDS|||||5,206,228|314,138||5,520,366|
##
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|Net moveme|nt|in funds,
includ|ed
in the abov|e are as follows:||||
|---|---|---|---|---|---|---|---|
|||||Incoming|Resources|Gains and|Movement|
|||||resources|expended|lasses|in funds|
|||||E|F|F|E|
|Unrestricted|funds|||||||
|General
fund||||17,469|(45,712)||(28,243)|
|Inspiration
and||excellence - designated||70,249|(217,054)||(146,805)|
|||||87,718|(262,766)||(175,048)|
|Restricted|funds|||||||
|Stem Block||||6,589|(150)||6,439|
|Restricted fixed||asset|||(44,794)||(44,794)|
|||||6,589|(44,944)||(38,355)|
|Endowment|funds|||||||
|Permanent|endowment|||105,837|(21,768)|443,472|527,541|
|TOTAL FUNDS||||200,144|(329,478)|443,472|314,138|
|Comparatives||for movement|in funds|||||
||||||Net|Transfers||
||||||movement|between|At|
|||||At 1.9.19|in funds|funds|31.8.20|
|||||E|E|E|E|
|Unrestricted|funds|||||||
|General
fund||||255,124|(10,220)|(145,370)|99,534|
|Inspiration
and||excellence - designated||228,737|71,007|(27,849)|271,895|
|||||483,861|60,787|(173,219)|371,429|
|Restricted|funds|||||||
|Stem Block||||(69,574)|32,470|15,030|(22,074)|
|Restricted fixed||asset||1,830,394|(44,795)|20,143|1,805,742|
|||||1,760,820|(12,325)|35,173|1,783,668|
|Endowment|funds|||||||
|Permanent|endowment|||2,981,733|(68,648)|138,046|3,051,131|
|TOTAL FUNDS||||5,226,414|(20,186)||5,206,228|
##
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|||FOR THE YEAR ENDED 31A|UGUST 2021||
|---|---|---|---|---|
||||2021|2020|
|||||6|
|INCOME AND ENDOWMENTS|||||
|Donations
and legacies|||||
|Donations|||71,943|128,272|
|Gift aid|||22,240|29,519|
||||94,183|157,791|
|Investment
income|||||
|Rents received|||2,494|913|
|Investment
income|||103,342|98,816|
|Deposit account interest|||125|1,049|
||||105,961|100,778|
|Other income|||||
|Sale offreehold reversions||||29,500|
|Other income||||158|
|||||29,658|
|Total incoming resources|||200,144|288,227|
|EXPENDITURE|||||
|Charitable
activities|||||
|Insurance|||1,161||
|Sports coaching|||5,314|5,314|
|School Enrichment
Fund|||10,890|8,733|
|Staff Reward Scheme||||15,000|
|Vesey music, chess club, 6th Form||||385|
|Pdizes and exhibitions|||1,740|3,514|
|Investment
managers|charges||21,767|21,064|
|Clerk's salary|||18,341|17,601|
|Retirement
and leaving|gifts||67|39|
|Administration|||428|769|
|Miscellaneous
expenses|||3,115|2,094|
|Training||||112|
|Mental health support||||5,000|
|Donations to school|||213,461||
|Freehold
property|||44,794|44,794|
||||321,078|124,419|
|Supportcosts|||||
|Governance
costs|||||
|Auditors'
remuneration|||5,160|5,040|
|Legal fees|||3,240|2,141|
||||8,400|7,181|
|Total resources expended|||329,478|131,600|
|Net (expenditure)/income||before gains and|||
|losses|||(129,334)|156,627|
##
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||FOR THE YEAR ENDED 31|AUGUST 2021||
|---|---|---|---|
|||2021f|2020
E|
|Realised recognised|gains and losses|||
|Realised gains/(losses)|on fixed asset|||
|investments||443,472|(176,813)|
|Net income/(expenditure)||314,138|(20,186)|