2021-03-31-accounts - Alderman Newton's Educational Foundation

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				Notes	Unrestricted	Restricted	Endowment	Total Funds	Total Funds
					Fund Clause	Fund Clause	Fund	2021	2020
Current financial year					28(2)	28(1)
					E	6
INCOME AND ENDOWMENTS FROM:
Investment income					160,136			160,136	176,982
Bank and building soaety	interest				694			694	1,316
Other incoming resources
Total income					160,830			160,830	178,298
EXPENDITURE ON:
Cost ofraising funds:
Investment management	costs						13,885	13,885	15,514
Charitable activities:
Grants in furtherance ofthe obiects					87,422	53,901		141,323	163,308
Support costs:
Management and administration			ofthe charity		17,184			17,184	16,576
Total expenditure					104,606	53,901	13,885	172,392	195,398
Net income/(expenditure)		before
investment gains/(losses):					56,224	(53,901)	(13,885)	(11,562)	(17,100)
Net gains/(losses) on investments					20,517		715,799	736,316	(391,930)
Net income/(expenditure)					76,741	(53,901)	701,914	724,754	(409,030)
Transfers between funds				4	(47,882)	47,882
Net movement in funds					28,859	(6,019)	701,914	724,754	(409,030)
Total funds brought forward		at 1stApril 2020			213,636	53,909	4,131,637	4,399,182	4,808,212
Total funds carried forward		at 31st March 2021			242,495	47,890	4,833,551	5,123,936	4,399,182

				Notes	Unrestricted	Restricted	Endowment	Total Funds
					Fund Clause	Fund Clause	Fund	2020
Prior financial year					28(2)	28(1)
					E	E
INCOME AND ENDOWMENTS		FROM:
Investment income					176,982			176,982
Bank and building society	interest				1,316			1,316
Other incoming resources
Total income					178,298			178,298
EXPENDITURE ON:
Cost of raising funds:
Investment management	costs						15,514	15,514
Charitable activities:
Grants in furtherance ofthe objects					109,425	53,883		163,308
Support costs:
Management and administration			ofthe chanty		16,576			16,576
Total expenditure					126,001	53,883	15,514	195,398
Net income/(expenditure)	before
investment gains/(losses):					52,297	(53,883)	(15,514)	(17,100)
Net gains/(losses) on investments					(1,731)		(390,199)	(391,930)
Net income/(expenditure)					50,566	(53,883)	(405,713)	(409,030)
Transfers between funds				4	(53,907)	53,907
Net movement in funds					(3,341)	24	(405,713)	(409,030)
Total funds brought forward at		1st April 2019			216,977	53,885	4,537,350	4,808,212
Total funds carried forward at		31st March 2020			213,636	53,909	4,131,637	4,399,182

		Notes	Unrestricted	Restricted	Endowment	Total Funds	Total Funds
			Fund Clause	Fund Clause	Fund	2021	2020
			28(2)	28(1)
			E	E
FIXEDASSETS
Investments					4,813,476	4,813,476	3,962,830
					4,813,476	4,813,476	3,962,830
CURRENT ASSETS
Current asset investments			119,415			119,415	98,898
Debtors and prepayments			623			623	371
Cash			151,650	47,890	23,507	223,047	364,755
			271,688	47,890	23,507	343,085	464,024
CURRENT LIABILITIES
Creditors: amounts	faging due within one year		29,193		3,432	32,625	27,672
NET CURRENT ASSETS(LIABILITIES)			242,495	47,890	20,075	310,460	436,352
NET ASSETS			242,495	47,890	4,833,551	5,123,936	4,399,182
FUNDS		10
Endowment -capital					4,833,551	4,833,551	4,131,637
Restricted income				47,890		47,890	53,909
Unrestricted mcome			242,495			242,495	213,636
ACCUMULATED FUNDS			242,495	47,890	4,833,551	5,123,936	4,399,182

ALDERMAN NEWTON'5	EDUCATIONAL FOUNDATION	EDUCATIONAL FOUNDATION	EDUCATIONAL FOUNDATION	EDUCATIONAL FOUNDATION	EDUCATIONAL FOUNDATION	EDUCATIONAL FOUNDATION					12
NOTES TO THE ACCOUNTS
YEAR ENDED 31STMARCH 2021
2. CHARITABLE ACTIVITIES - GRANTS										2021	2020
										5	E
Payments under clause	28(1)to designated
and other educational chanties										53,901	53,883
Grants under clause 28(2)
										87,422	109,425
T tal direct chantable expenditure										141,323	163,308
3. SUPPORT COSTS										2021	2020
											E
Management and administration				ofthe charity
Unrestricted fund:
Secretanal fees and office		costs								12,155	11,553
Audit and accountancy	fees									3,658	3,585
Legaland professionalfees											500
Bank charges										57	75
Trustee indemnity insurance										724	724
Other expenses										590	139
										17,184	16,576
Endowment fund:
Investment management		fees								13,885	15,514
4. TRANSFERS BETWEEN		FUNDS
i)underthetermsoftheschemethetrusteesarerequiredtoagocateonethirdofthenet									ncometodesgnatededucational
cha nties (Restncted Fund)		and	two thirds for other			ch ants hie		purposes as permitted	by the scheme.
ii) At 1stApnl 2020 there was an				undistnbuted	balance		under	Clase 28(1)ofE53909	available for eligible chanties ofwhich
E53,901was paid out dunng the current year					At 31stMarch			2021there was an undistnbuted balance under Clause 28(1)
of647,890
5. FIXEDASSETS										2021	2020
										6	6
Investments at market	value
At 1stApnl 2020										3,962,830	4,439,354
Additions										902,213	465,386
Dispose)a										(767,366)	(551,711)
Realised gains/(losses)										56,051	14,423
Unreahsed gains/(losses)										659,748	(404,622)
At31st March 2021										4,813,476	3,962,830
6. CURRENT ASSET INVESTMENTS										2021	2020
										4	6
Investments at market	value
At 1st Apnl 2020										98,898	100,629
Additions
Disposals
Reahsed gains/(losses)
Unreahsed gains/(losses)										20,517	(1,731)
At31st March 2021										119,415	98,898
The current asset investments			held at 31st March 2021were					as follows:
CBFInvestment Fund										119,415	98,898
7 DEBTORS AND PREPAYMENTS										2021	2020
											E
Unrestricted fund:
Dividends and interest										13	61
Trustee insurance										310	310
Other										300
										623	371

								13
8 CASH							2021	2020
								E
CBFDeposit Fund							169,769	181,961
Smith 8 Williamson	- client deposit and dividend			accounts			8,992	154,995
NatWest Bank - current		account					43,286	27,799
CAF cash accouht							1,000
							223,047	364,7S5
9. CREDITORS							2021	2020
								E
Unrestricted fund:
Grants payable							20,038	15,420
Audit and accountancy		fees					2,849	3,407
Secretar al fees and	office		costs				6,303	5,711
Bank charges							3	4
Other
							29,193	24,542
Restricted fund:
Grants payable
Endowment fund:
Investment management			fees				3,432	3,130
10. FUNDS
							Restncted	Unrestricted
						Endowment	income	income
The constitution ofthe		funds at 31st March 2021		was as follows:	Total	funds	Clause 28(1)	Clause 28(2)
					E	6	6	6
Fixed asset investments					4,813,476	4,813,476
Current asset investments					119,415			119,415
Debtors					623			623
Creditors					(32,625)	(3,432)		(29,193)
Cash					223,047	23,507	47,890	151,650
At 31st March 2021					5,123,936	4,833,551	47,890	242,495
At 31st March 2020					4,399,182	4,131,637	53,909	213,636