||||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|
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|||||||||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|
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|||||||2021|2020|
|---|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Endowment|Total|Total|
||||fund|funds|fund|funds|funds|
|||Notes|f,|f||f|f|
|FIXEDASSETS||||||||
|Investments||10|||1,608,007|1,608,007|1,405,224|
|CURRENT ASSETS||||||||
|Cash in hand||||421|102,019|102,440|80,260|
|CREDITORS||||||||
|Amounts
falling due within|one|||||||
|year||||(421)|(2,220)|(2,641)|(14,658)|
|NET CURRENT ASSETS|||||~99799|99,799|~65 602|
|TOTAL ASSETSLESS||||||||
|CURRENT LIABILITIES|||||1,707,806|1,707,806|1,470,826|
|NET ASSETS|||||1,707,806|1,707,806|1,470,826|
|FUNDS||12||||||
|Restricted funds|||||||(61,950)|
|Endowment
funds||||||1,707,806|1,532,776|
|TOTAL FUNDS||||||1,707,806|1,470,826|
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||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|
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|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|
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||||Management|Governance|||
|---|---|---|---|---|---|---|
|||||costs|Totals|2020|
|Other|resources|expended|2 500|2220|4 720|4720|
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|||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)|
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||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|
|||Valuation||
|---|---|---|---|
|||6||
|Overseas bonds||124,266|8%|
|UK Bonds||71,815|4%|
|UK Equities||423,736|26%|
|Cash awaiting|investment|42,055|3%|
|UK Property|investment|52,6]4|3%|
|Overseas equities||893,521|56%|
|||61,608,007|100%|
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|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|
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||||||||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)|
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