2020-12-31-accounts

		Page
Report ofthe Corporate Trustee	1	to	5
Report ofthe Independent Auditors	6	lo	9
Statement of Financial Activities		10
Balance Sheet
Notes to the Financial Statements	12	to	19

for the year ended 31 Dec	ember 20	20
					2020	2019
		Unrestricted	Restricted	Endowment	Total	Total
	Notes	funds f	funds f	funds f	funds f	funds
INCOME AND
ENDOWMENTS FROM
Investment income	2	339,097	7,938		347,035	512,572
TOTAL INCOME		339,097	7,938		347,035	512,572
EXPENDITURE ON
Raising funds		11,714	2,057		13,771	20,313
Charitable activities
Education	4	517,678	(15,598)		502,080	326,813
Other		3,156			3,156	3,090
TOTAL EXPENDITURE		532,548	(13,541)		519,007	350,216
Net income/(expenditure)	before
investment (losses)/gains		(193,451)	21,479		(171,972)	162,356
Net (losses)/gains on investments	~35452)		~1,885)	~59)3)	~38,258)	425,929
NET
INCOME/(EXPENDITURE)		(223,903)	19,594	(5,913)	(210,222)	588,285
RECONCILIATION OF
FUNDS
Total funds brought
forward	14,958,751		88,575	277,849	15,325,175	14,736,890
TOTAL FUNDS CARRIED
FORWARD	14,734,848		108,169	271,936	15,114,953	15,325,175

The Lytham Schoo Balance Sheet 31 December 2020	ls Fou	ndation
					2020	2019
		Unrestricted	Restricted	Endowment	Total	Total
	Notes	funds f	funds f	funds f	funds f	funds f
FIXEDASSETS
Investments
Investments	9	5,255,582	108,169	261,584	5,625,335	5,472,228
Investment property	10	9,746,648			9,746,648	9,746,648
	15,002,230		108,169	261,584	15,371,983	15,218,876
CURRENT ASSETS
Debtors	11	7,842			7,842	3,455
Cash at bank		47,603		10,352	57,955	213,194
		55,445		10,352	65,797	216,649
CREDITORS
Amounts falling due within
one year	12	(322,827)			(322,827)	(110,350)
NET CURRENT ASSETS	~267,382i			10,352	(257,030)	106,299
TOTAL ASSETSLESS
CURRENT LIABILITIES	14,?34,848		108,169	271,936	15,114,953	15,325,175
NET ASSETS	14,734,848		108,169	271,936	15,114,953	15,325,175
FUNDS	13
Unrestricted funds					14,734,848	14,958,751
Restricted funds					108,169	88,575
Endowment funds					271,936	277,849
TOTAL FUNDS					15,114,953	15,325,175

					2020	2019
					6	f
Rents receivable					115,803	124,888
Investment	income				231,232	387,684
					347,035	512,572
RAISING FUNDS
Investment	management		costs
					2020 K	2019 f
Investment	manager's	fees			13,771	20,313
CHARITABLE ACTIVITIES COSTS
					Grant
					funding of
					activities
				Direct	(see note
				Costs	5)	Totals
					F	F
Education				36,400	465,680	502,080

year ended 31 December 2020
GRANTS PAYABLE
				2020 6	2019 f
Education				465,680	296,602
The total grants paid to institutions	during the year	was	as follows:
				2020	2019
				6
Fylde Borough Council -Fairhaven Lake Project Aspired Futures - Happy 2 Learn Park View 4U - Education Officer				5,000 24,960	5,000
Play Inclusive Project - Kilgrimol Scouts Kayak Trailer Project Trust Grant Learning Curve Nursery Fees Post Graduate Bursaries	Youth Club			950 3,500	10,000 483 8654 9,000
Church Schools Event				1,000
Travel grants					1,750
Homestart Grant				5,000
The Karate Kit				15,000
Lytham CE Primary School -Governors Share				17,906	24,305
Lytham CE Primary School - Building repairs					(3,538)
St Bede's - Coronavirus				39,000
Lytham St Anne's High - Coronavirus Heyhouses Endowed CE Primary School - Governors share AKS Lytham Independent School - Supplementary Bursaries				30,000 77,597 77,139	25,306 95,986
AKS Lytham Independent School	- Bursaries (Contra Rent)			110,571	119,656
Homestart BFW Infant Mental Health Project				15,000
Pandemic Support				38,057
CN Sports - Primary School Football Kit and Equipment				5,000
				465,680	296,602

There were no trustees' expenses paid for 31 December 2019.	There were no trustees' expenses paid for 31 December 2019.	There were no trustees' expenses paid for 31 December 2019.	the year ended	31 December	2020 nor for th	e year ended
COMPARATIVES FOR THE STATEMENT			OF FINANCIAL	ACTIVITIES
			Unrestricted	Restricted	Endowment	Total
			funds	funds	funds	funds
					f	f
INCOME AND ENDOWMENTS		FROM
Investment income			497,657	14,915		512,572
TOTAL INCOME			497,657	14,915		512,572
EXPENDITURE ON
Raising funds			15,251	5,062		20,313
Charitable activities
Education			336,833	(10,020)		326,813
Other			3,090			3,090
TOTAL EXPENDITURE			355,174	(4,958)		350,216
Net income/(expenditure)	before		142,483	9,957		162,356
investment (losses)/gains
Net gains/(losses) on investments			453.615	13,629	~41,36lli	425,929
NET INCOME/(EXPENDITURE)			596,101	33,552	(41,368)	588,285
RECONCILIATION OF FUNDS
Total funds brought forward			14,362,650	55,023	319,217	14,736,890
TOTAL FUNDS CARRIED	FORWARD		14,958,751	88,575	277,849	15,325,175

		2020	2019
		E	F
Shares		5,250,835	5,073,228
Loans		374,500	399,000
		5,625,335	5,472,228
			Listed
			investments
			F
MARKET VALUE
At 1 January 2020			5,073,228
Additions			1,388,371
Disposals			(1,399,097)
Unrealised gains			188,333
At 31 December 2020			5,250,835
NET BOOK VALUE
At 31 December 2020			5,250,835
At 31 December 2019			5,073,228
			Other
			loans
			E
At 1 January 2020 Repayments in year			399,000 ~24,000)
At 31 December 2020			374,500
There were no investment	assets outside the UK.
The historical cost oflisted	investments	at the year end is F3,203,008(2019;F3,137,333).
INVESTMENT PROPERTY
FAIR VALUE
At 1 January 2020
and 31 December 2020			9,746,648
NET BOOK VALUE
At 31 December 2020			9,746,648
At 31 December 2019			9,746,648

for t	he year ended 31 Decem	he year ended 31 Decem	he year ended 31 Decem	ber 2020	ber 2020	ber 2020	ber 2020	ber 2020
11.	DEBTORS:AMOUNTS			FALLING DUE WITHIN ONE YEAR
										2020	2019
										F
	Other debtors									7,842	3,455
12.	CREDITORS: AMOUNTS				FALLING DUE		WITHIN ONE YEAR
										2020 f	2019 f
	Other creditors									322,827	110,350
13.	MOVEMENT IN FUNDS
										Net
										movement	At
								At	1/1/20 F	in funds F	31/12/20 f
	Unrestricted funds
	General fund							14,958,751		(223,903)	14,734,848
	Restricted funds
	Funds designated	exclusively for				AKS		88,575		19,594	108,169
	Endowment funds
	Capital accumulation		fund					277,849		(5,913)	271,936
	TOTAL FUNDS							15,325,175		~215,222)	15,114,953
	Net movement in funds,			included		in the above are as follows:
							Incoming	Resources		Gains and	Movement
							resources f	expended f		losses f	in funds f
	Unrestricted funds
	General fund						339,097	(532,548)		(30,452)	(223,903)
	Restricted funds
	Funds designated	exclusively for				AKS	7,938	13,541		(1,885)	19,594
	Endowment funds
	Capital accumulation		fund							(5,913)	(5,913)
	TOTAL FUNDS						347,035	(519,007)		$38,250)	(210,222)

Compar	atives	for m	ovement in funds
					Net
					movement	At
				At 1/1/1 9	in funds	31/12/19
				E	E	F
Unrestricted		funds
General	fund			14,362,650	596,101	14,958,751
Restricted funds
Capital	accumulation		fund	55,023	33,552	88,575
Endowment		funds
Capital	accumulation		fund	319,217	(41,368)	277,849
TOTAL	FUNDS			14,736,890	588,285	15,325,175

Comparative net mov	emen	t in funds, in	cluded in the abo	ve are as follow	s:
			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
			E		E	E
Unrestricted funds
General fund			497,657	(355,174)	453,618	596,101
Restricted funds
Capital accumulation	fund				33,552	33,552
Funds designated exclusively for AKS			14,915	4,958	~19,873)
			14,915	4,958	13,679	33,552
Endowment funds
Capital accumulation	fund				(41,368)	(41,368)
TOTAL FUNDS			512,572	I350,216)	425,929	588,285
Funds designated exclusively for AKS are made up as follows:
			2020	2020	2019	2019
			Endowment	Restricted	Endowment	Restricted
			E	E
Mellcr Lecture Trust			1,748	16,399	1,785	14,357
Mellor Scholarship			4,151	28,558	4,241	24,844
Wolfson Scholarship			129,268	21,016	132,057	14,556
Wolfson Sixth Form			121,793	10,403	124,421	7,177
Donovan Travel Fund			1,069	684	1,092	647
Fred H Hill Fund			814	1,759	832	1,519
Denys Ingham Travel	Fund		5,534	4,579	5,654	4,043
Tom Bleasdale Memorial		Fund	7,560	633	7,767	602
Prize Funds				24,137		20,828
			271,937	108,168	277,849	88,575