2021-08-31-accounts - The Burkitt Scholarship Fund

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			Page
Report ofthe Trustees		l	to	4
Report ofthe Independent	Auditors	5	to	7
Statement ofFinancial Activities
Balance Sheet
Notes to the Financial Statements		10	to	16

								2021	2020
					Unrestricted	Restricted	Endowment	Total	Total
					fund	funds	fund	funds	funds
				Notes	f	f			8
INCOME AND
ENDOWMENTS		FROM
Investment income						57,520		57,520	47,090
EXPENDITURE		ON
Raising funds							10,238	10,238	9,766
Charitable activities
Provision ofgrants		and
scholarships						18,600		18,600	35,637
Other						4,720		4,720	~4720
Total						23,320	10,238	33,558	50,123
Net gains/(losses) investments	on						213,018213,018		~9L423)
NET
INCOME/(EXPENDITURE)						34,200	202,780	236,980	(94,456)
Transfers between		funds		12		27,750	~27,750)
Net movement in		funds				61,950	175,030	236,980	(94,456)
RECONCILIATION			OF
FUNDS
Total funds brought forward						(61,950)	1,532,776	1,470,826	1,565,282
TOTAL FUNDS CARRIED
FORWARD							1,707,$06	1,707,806	1,470,826

	INVESTMENT INCOME	INVESTMENT INCOME
					2021	2020
					f
	Tax credits					(3,031)
	Interest receivable - trading					67
	Dividends				~57 520	50,054
					57,520	47,090
	All income received during 2021 and 2020 was restricted.
	RAISING FUNDS
	Other trading	activities
					2021	2020
					f.	f
	Support costs				10,238	9,766
4.	CHARITABLE ACTIVITIES COSTS
			Grant
			funding of	Support
			activities	costs (see
			(See note 5) f	note 6) f	Totals f	2020 f
	Provision ofgrants and scholarships		18,600	~4720	23,320	~40357

GRANTS PAYAB	LE
					2021f	2020 f
Provision ofgrants and scholarships					18,600	35,637
The total grants paid	to individuals		during	the year was as follows:
					2021	2020
Burkitt Scholarships	to Durham	Cathedral		Schools Foundation	13,000	31,437
Burkitt Scholarships	to Oxford	and	Cambridge		5,600	4,200
					18,600	35,637

			Management	Governance
				costs	Totals	2020
Other	resources	expended	2 500	2220	4 720	4720

		Unrestricted	Restricted	Endowment	Total
		fund f	funds	fund	fundsf
INCOME	AND ENDOWMENTS FROM
Investment	income		47,090		47,090
EXPENDITURE ON
Raising funds				9,766	9,766
Charitable	activities
Provision	ofgrants and scholarships		35,637		35,637
Other			4,720		~4720
Total			40,357	9,766	50,123
Net gains/(losses) on investments				~9)423)	~91423)
NET INCOME/(EXPENDITURE)			6,733	(101,189)	(94,456)

	for the Year E	nded 31 August	2021	2021
	COMPARATIVES FOR THK STATEMENT	OF FINANCIAL	ACTIVITIES - continued
		Unrestricted	Restricted	Endowment	Total
		fund	funds	fund	funds
		f	8	f
	Transfers between funds		~12,306)	12,306
	Net movement in funds		(5,573)	(88,883)	(94,456)
	RECONCILIATION OF FUNDS
	Total funds brought forward		(56,377)	1,621,659	1,565,282
	TOTAL FUNDS CARRIED FORWARD		~61,950)	1,532,776	1,470,826
9.	EMPLOYEES AND DIRECTORS

9.	EMPLOYEES AND DIRECTOR	EMPLOYEES AND DIRECTOR	S
	The average number ofemployees		during the current	and prior year was Nil.
10.	FIXEDASSETINVESTMENTS
				Listed	Unlisted
				investments	investments	Totals
						f
	MARKET VALUE
	At 1 September 2020			1,382,722	22,503	1,405,225
	Additions				19,552	19,552
	Revaluations Management Realised loss	charge		233,755 (10,238) ~40.2877	-	233,755 (10,238) ~40,287
	At 31 August	2021		1,565,952	42,055	1,608,007
	NKT BOOK	VALUE
	At 31 August	2021		1565952	42,055	1,608,D07
	At 31 August	2020		1,382,722	22,502	1,405,225

11.	CREDITO	RS: A	MOUNTS FA	LLING DU	E WITHIN ONE	YEAR
							2021	2020
							f
	Amounts due to related company						421	12,438
	Accruals						2,220	2220
							2,641	~14658
12.	MOVEMENT IN		FUNDS
						Net	Transfers
						movement	between	At
					At 1.9.20	in funds	funds	31.8.21
					f			f
	Restricted	funds
	Burkitt Scholarships		to Dwham	Cathedral	(70,461)	23,960		(46,501)
	Schools Foundation
	Burkitt Scholarships		to Oxford and
	Cambridge				$,511	10,240	(8,511)	10,240
	Management	costs					36,261	36,261
					(61,950)	34,200	27,750
	Endowment	funds
	Endowment	Fund			1,532,776	202,7$0	(27,750)	1,707,806
	TOTAL FUNDS				~1470826	236,980		I 707,806
	Net movement in funds, included			in the above	are as follows:
					Incoming	Resources	Gains and	Movement
					resources f	expended	losses	in funds
	Restricted	funds
	Burkitt Scholarships		to Durham	Cathedral	36,960	(13,000)		23,960
	Schools Foundation
	Burkitt Scholarships		to Oxford and
	Cambridge Management	costs			15,840 4,720	(5,600) ~4,720)		10,240
					57,520	(23,320)		34,200
	Endowment	funds
	Endowment	Fund				(10,238)	213,018	202,780
	TOTAL FUNDS				~57 520	~33558)	~213018	236,980

							Net	Transfers
							movement	between	At
						At 1.9.19	in funds	funds	31.8.20
						f			f
Restricted	funds
Burkitt Scholarships			to Durham		Cathedral	(68,683)	(1,778)		(70,461)
Schools Foundation
Burkitt Scholarships Cambridge			to Oxford		and	12,306	8,511	~12,306)	8,511
						(56,377)	6,733	(12,306)	(61,950)
Endowment		funds
Endowment		Fund				1,621,659	(101,189)	12,306	1,532,776
TOTAL FUNDS						1,565,282	~94,456)		1,470,826
Comparative		net movement		in	funds, included	in the above are	as follows:
						Incoming	Resources	Gains and	Movement
						resources	expended	losses	in funds
						f
Restricted		funds
Burkitt Scholarships			to Durham		Cathedral	29,659	(31,437)		(1,778)
Schools Foundation
Burkitt Scholarships			to Oxford		and
Cambridge						12,711	(4,200)		8,511
Management		costs				~4720	~4720)
						47,090	(40,357)		6,733
Endowment		funds
Endowment		Fund					(9,766)	(91,423)	(101,189)
TOTAL FUNDS						47,090	(50,123)	(91,423)	~94456)