2020-12-31-accounts - Carters Educational Foundation

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						31.12.20	31.12.19
			Unrestricted	Restricted	Endowment	Total	Total
			funds	funds	fund	funds	funds
		Notes
INCOME AND
ENDOWMENTS FROM
Donations and legacies							256,488
Investment income		2	368,692			368,692	354,942
Total			368,692			368,692	611,430
EXPENDITURE ON
Raising funds		3	249,021			249,021	134,432
Charitable activities
Educational grants Extra staff costs			18,750 91,000			18,750 91,000	35,499 107,000
Other grants Wilford Church hall			16,094			16,094	28,057 45,745
Other			24,404			24,404	29,629
Total			399,269			399,269	380,362
NET
INCOME/(EXPENDITURE)			(30,577)			(30,577)	231,068
RECONCILIATION	OF
FUNDS
Total funds brought	forward		617,984	2,832,357	4,708,716	8,159,057	7,927,989
TOTAL FUNDS CARRIED
FORWARD			587,407	2,832,357	4,708,716	8,128,480	8,159,057

BALANCE EBEET 3~2ECEMBE 23L22
					31.12.20	31.12.19
		Unrestricted	Restricted	Endowment	Total	Total
		funds	funds	fund	funds	funds
	Notes
FIXEDASSETS
Tangible assets	8	225,000	2,832,357		3,057,357	3,057,357
Investment properly	9			4,700,000	4,700,000	4,700,000
		225,000	2,832,357	4,700,000	7,757,357	7,757,357
CURRENT ASSETS
Debtors	10	73,200			73,200	45,197
Investments	11	255,099		8,716	263,815	261,733
Cash at bank		85,541	65,959		151,500	163,067
		413,840	65,959	8,716	488,515	469,997
CREDITORS
Amounts falling due within one
year	12	(51,433)	(65,959)		(117,392)	(68,297)
NET CURRENT ASSETS		362,407		8,716	371,123	401,700
TOTAL ASSETSLESS
CURRENT LIABILITIES		587,407	2,832,357	4,708,716	8,128,480	8,159,057
NKT ASSETS		587,407	2,832,357	4,708,716	8,128,480	8,159,057

Investment management	31.12.20	31.12.19
Bad debts	33,067
Insurance premiums	12,110	12,068
Agents fees Electricity and gas Rates	23,184 1,247	12,436 1,263 30
Cleaning Repairs and maintenance Professional fees	16,365 119,333 43,715	10,613 27,790 70,232
	249,021	134,432
GRANTS PAYABLE
	31.12.20	31.12.19
Educational grants Extra staff costs	18,750 91,000	35,499 107,000
Other grants Wilford Church hall	16,094	28,057 45,745
	125,844	216,301

			31.12.20	31.12.20	31.12.19	31.12.19
Institution			Number	E	Number
Nottingham	Hoods Basketball Club		1	1,000	1	1,000
Wilford Lions Football Club			1	94	1	57
WYCS Wilford Community		Group	1	15,000	1	27,000
			3	16,094	3	28,057
			31.12.20		31.12.19
			Number	I	Number
Individuals			31	18,750	57	35,499

			31.12.20	31.12.19
Number ofemployees			1	1
No employees	received emoluments	in excess off60,000.

								Annual
Property			Tenants				Term ofLease	Rental
I/5 Flitcroft Street			My Beautiful City Ltd				f.1,000per month on a	12,000
							Tenancy at Will from
							13.12.17
6Iilitcroft		Street
Basement		dc Ground	Paul McAneary Architects Ltd				15years &om 20.08.09	19,415
Floor							(terminated 06.01.21)
1stFloor			Gulbenkian	Andoman	Solicitors Ltd		5 years from 15.06.20	20,108
2nd Floor			Just Add Water Management			Ltd	10years from 01.02.10	33,229
							(terminated 26.01.21)
3rd Floor			Design Consultancy		Ltd		15years from 13.05.11	28,333
8Flitcroft		Street
1stFloor			Bad Wolf				5 years from 13.11.18	65,295
2nd Floor			Ian Johnson Publictty		Ltd		10years from 24.12.12	49,350
Ground,	3rd and 4th		A Bunn (Ptxelate Imaging Ltd)				15years from 24.06.12	50,312
Floors							(increased from f42,000 to
							f57,500 on 24.06.17)
110AMain Road,			Hey Baby 4D				3years from 07.10.2020	1,465
Wilford,	Nottingham
110BMain Road,			Leisure Management		Technology		3years from	7,500
Wilford,	Nottingham						04.06.18(terminated
							04.06.21)
The LVew		School	Transform	Trust			125years from 17.07.12 fntl
The Old	School		WYCS				9years from 01.03.16 f4,000	15,000
							p.ad increasing to
							K7,500 from 19.09.16to
							28.09.17increasing to
							Kt5,000 p.a.to 28.09.21
							Accrued rent re discounted	(2,492)
							period
								299,515

						31.12.20	31.12.19
	Trade debtors					63,826	43,335
	Other debtors					1,404	1,862
	VAT					7,970
						73,200	45,197
11.	CURRENT ASSET INVESTMENTS
						31.12.20	31.12.19
	Cash held on	deposit				263,815	261,733
12.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
						31.12.20	31.12.19
	Trade creditors					25,577	18,445
	Social security		and	other taxes		209	780
	Other credttors					82,030	40,437
	Accruals and	deferred income				9,576	8,635
						117,392	68,297
13.	MOVEMENT		IN	FUNDS
						Net
						movement	At
					At 1.1.20	in funds	31.12.20
	Unrestricted	funds
	General fund				307,861	(22,950)	284,911
	New School				225,000		225,000
	1-5Fhtcroft Street			development	85,123	(7,627)	77,496
					617,984	(30,577)	587,407
	Restricted funds
	New School				2,832,357		2,832,357
	Endowment	funds
	London Properties,			Old School and
	Buildings				4,708,716		4,708,716
	TOTAL FUNDS				8,159,057	(30,577)	8,128,480

MOVEMENT	IN FUNDS -con	tinued
Net movement	in funds, included	in the above are as follows:
			Incoming	Resources	Movement
			resources	expended 6	in funds I
Unrestricted	funds
General fund			368,692	(391,642)	(22,950)
1-5Flitcroft Street development				(7,627)	(7,627)
			368,692	(399,269)	(30,577)
TOTAL FUNDS			368,692	(399,269)	(30,577)

				Net	Transfers
				movement	between	At
			At 1.1.19	in funds	funds	31.12.19
						6
Unrestricted	funds
General fund			411,654	21,207	(125,000)	307,861
New School			150,000		75,000	225,000
1-5Flitcroft	Street	development	81,750	(46,627)	50,000	85,123
			643,404	(25,420)		617,984
Restricted funds
New School			2,575,869	256,488		2,832,357
Endowment	funds
London Properties, Buildings		Old School and	4,708,716			4,708,716
TOTALFUNDS			7,927,989	231,068		8,159,057

Comparative	net movement in funds, included in t	he above are as follows:
		Incoming	Resources	Movement
		resources	expended	in funds
Unrestricted	funds
General fund		354,942	(333,735)	21,207
1-5Flitcroft	Street development		(46,627)	(46,627)
		354,942	(380,362)	(25,420)
Restricted funds
New School		256,488		256,488
TOTAL FUNDS		611,430	(380,362)	231,068

A current ye	ar 12m	onths and prior year 12	months combined posit	ion ts as follows:
				Net	Transfers
				movement	between	At
			At 1.1.19	in funds	funds	31.12.20
Unrestricted	funds
General fund			411,654	(1,743)	(125,000)	284,911
New School			150,000		75,000	225,000
1-5Flttcroit	Street	development	81,750	(54,254)	50,000	77,496
			643,404	(55,997)		587,407
Restricted funds
New School			2,575,869	256,488		2,832,357
Endowment	funds
London Properties, Buildings		Old School and	4,708,716			4,708,716
TOTAL FUNDS			7,927,989	200,491		8,128,480

A current ye as follows:	ar 12 months and poor year 12 mont	hs combined net movement in	funds, tncluded i	n the above
		Incoming	Resources	Movement
		resources	expended	in funds I
Unrestricted	funds
General fund		723,634	(725,377)	(1,743)
1-5Flitcroft	Street development		(54,254)	(54,254)
		723,634	(779,631)	(55,997)
Restricted funds
New School		256,488		256,488
TOTALII'UNDS		980,122	(779,631 )	200,491