|||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|
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|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|
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|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|
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||||||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|
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|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|
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|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|
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|||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|
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|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)|
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|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|
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