## ## ## |Legal and administrative
details|Legal and administrative
details| |---|---| |Trustee's
report|| |Independent
auditors'|report| |Statement offinancial|activities| |Balance sheet|| |Notes to the financial|statements| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||||Permanent|Total|Total| |---|---|---|---|---|---|---|---|---| |||||Unrestricted|Restdcted|Endowment|Funds|Funds| ||||Note|Funds
E|Funds
E|Funds|2020
E|2019
E| |Income and endowments||from:||||||| |Donations
from the Trustee
Investments:||||50,000|||50,000|48,333| |Investment
income
Investment
property
Charitable
activities:|||2|24,700
2,042||69,775|94,475
2,042|88,564
1,420| |School buildings
contributions
Other income:||||50,000|||50,000|50,000| |Other||||225|||225|| |Total return allocated|to|income|2|33,305|36,470|(69,775)||| |||||160,272|36,470||196,742|188,317| |Expenditure
on:||||||||| |Raising funds
Charitable
activities:||||28,690|||28,690|33,884| |Donations
and grants
Other costs||||121,497
58,219||36,923|121,497
95,142|69,723
83,091| ||||3|208,406||36,923|245,329|186,698| |Net (expenditure)/income||before||||||| |gains on investments||||(48,134)|36,470|(36,923)|(48,587)|1,619| |Net (losses)/gains
on investments|||5|(9,766)||110,697|100,931|561,311| |Net (expenditure)/income||||(57,900)|36,470|73,774|52,344|562,930| |Transfers
between
funds|||12|(469,345)||469,345||| |Net movement
in funds||||(527,245)|36,470|543,119|52,344|562,930| |Reconciliation
of Funds:||||||||| |Total funds
brought
forward||||558,215|71,656|4,142,040|4,771,911|4,208,981| |Total funds carried forward|||12|30,970|108,126|4,685,159|4,824,255|4,771,911| ## ## |||||||Permanent|Total|Total| |---|---|---|---|---|---|---|---|---| |||||Unrestricted|Restricted|Endowment|Funds|Funds| |||||Funds|Funds|Funds|2020|2019| ||||Note|E|E||E|6| |Income and endowments||from:||||||| |Donations
from the Trustee||||50,000|||50,000|48,333| |Donation
from subsidiary|company|||||465,678|465,678|| |Investments:||||||||| |Investment
income|||2|24,700||69,775|94,475|88,564| |Investment
property||||2,042|||2,042|2,013| |Interest due from subsidiary||||||||| |company||||975|||975|975| |Charitable
activities'||||||||| |School buildings
contributions||||50,000|||50,000|50,000| |Other income:||||||||| |Other||||225|||225|| |Total return allocated|to|income||33,305|36,470|(69,775)||| |||||161,247|36,470|465,678|663,395|189,885| |Expenditure
on:||||||||| |Raising funds||||29,828|||29,828|27,914| |Charitable
activities:||||||||| |Donations
and grants||||121,497|||121,497|69,723| |Other costs||||58,056||36,923|94,979|83,091| ||||3|209,381||36,923|246,304|180,728| |Net (expenditure)/income||before||||||| |gains on investments||||(48,134)|36,470|428,755|417,091|9,157| |Net (losses)/gains
on investments|||5|(9,766)||110,697|100,931|59,458| |Net (expenditure)/income||||(57,900)|36,470|539,452|518,022|68,615| |Transfers
between funds|||12|(3,667)||3,667||| |Net movement
in funds||||(61,567)|36,470|543,119|518,022|68,615| |Reconciliation
of Funds:||||||||| |Total funds
brought
forward||||92,537|71,656|4,142,040|4,306,233|4,237,618| |Total funds carried forward|||12|30,970|108,126|4,685,159|4,824,255|4,306,233| ## |||||||Group||Charity|Charity| |---|---|---|---|---|---|---|---|---|---| |||||||2020|2019|2020|2019| ||||||Note||(restated)
6|6|(restated)| |Fixed assets|||||||||| |Tangible assets|||||4|1,552,410|1,589,333|1,552,410|1,589,333| |Investments|||||5|3,622,069|3,430,138|3,622, 069|3,430, 138| |Investment
in subsidiary||company|||13|||23,662|35,000| |Loan to subsidiary|company||||13|||24,375|24,375| |||||||5,174,479|5,019,471|5,222,516|5,078,846| |Current assets|||||||||| |Debtors: amounts|receivable|||within one year|7|255,195|214,415|41,062|51,985| |Investments:
deposits||||||442,300|93,700|442,300|93,700| |Cash at bank||||||12,707|4,650||4,650| |Debtors: amount
receivable||||after more than|||||| |one year|||||||214,133||| |||||||710,202|526,898|483,362|150,335| |Liabilities|||||||||| |Creditors: amounts|falling due within one year||||9|(887,926)|(189,358)|(709,123)|(337,848)| |Net current (liabilities)/assets||||||(177,724)|337,540|(225,761)|(187,513)| |Total assets less|current||liabilities|||4,996,755|5,357,011|4,996,755|4,891,333| |Creditors: amounts|falling||due after more than||||||| |one year|||||10|(172,500)|(585,100)|(172,500)|(585,100)| |Total net assets||||||4,824,255|4,771,911|4,824,255|4,306,233| |The Funds ofthe|Charity:||||||||| |Permanent
endowment||funds|||12|4,685,159|4,142,040|4,685,159|4,142,040| |Restricted funds|||||12|108,126|71,656|108,126|71,656| |Unrestricted
funds|||||12|30,970|558,215|30,970|92,537| |Total Charity
Funds||||||4,824,255|4,771,911|4,824,255|4,306,233| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |INVESTMENT INCOME|||||| |---|---|---|---|---|---| ||Unrestricted||Restricted|Total|Total| |||Funds|Funds|2020|2019| |||E.|E|E|E| |Interest receivable||24,700||24,700|20,368| |Distributions
from Haberdashers'
Investment
Pool|Charities|33,305|36,470|69,775|68,196| |Total —Charity
and Group||58,005|36,470|94,475|88,564| |ANALYSIS OF EXPENDITURE|||||| ||Charitable|Raising|Govern-|Total|Total| ||activities|funds||2020|2019| |||E|E|F|E| |Costs directly allocated to|||||| |activities
Insurance
of School buildings
Less: insurance
paid by School
Depreciation
of School buildings
Grants to School
Grants to other institutions|10,111
(10,517)
36,923
121,498|||10,111
(10,517)
36,923
121,498|9,190
(8,847)
36,923
67,077
2,646| |Property advice and management
fees
Legal fees and professional
advice
Loan interest||1,346
17,144|26,114|1,346
26,114
17,144|930
13,897
20,261| |Impairment
of investment
of
subsidiary
company||11,338||11,338|| |Support costs
Allocated
direct||||69|6,736| |Allocated
on the basis of staff time;
Staff costs
Service charges
25,300
4,009|||2,563
406|27,863
4,415|27,582
4,333| |Total expenditure
—Charity|187,324|29,828|29,152|246,304|180,728| |Other expenditure
—subsidiary
company
Consolidation
adjustment||10,200
(11,338)
163||10,363
(11,338)|5,970| |Total expenditure
-Group|187,324|28,690|29,315|245,329|186,698| ## ## ## |Charity's
audi|tors
(including
VAT):||||| |---|---|---|---|---|---| |||Group
2020|2019|Charity
2020|2019| |||E|E'|E|F| |Audit fees||9,516|5,670|9516|5 670| |Tax advisory services||10,200|5,970||| |Total —Charity|and Group|19,716|11,640|9,516|5,670| ## |TANGIBLE ASSETS —C|HARITY AND GROUP||| |---|---|---|---| |||Not|| |Freehold
Land and Buildings||subject to
replacement|Total| ||||E| |Cost
Boarding
House
Longford
Hall
Land at rear of Lloyds Bank Pic
Reinstallation
ofstaircase
in School House
Wood Centre —classroom
block
Coach House
Beaumaris
Hall
Qld alms house buildings||1,570
66,608
1,295
30,000
350,173
140,000
904,750
369,500|1,570
66,608
1,295
30,000
350,173
140,000
904,750
369,500| |Balance at 31 August 2020||1,863,896|1,863,896| |Depreciation
Balance at 31 August 2019
Charge for the year||274,563
36,923|274,563
36,923| |Balance at 31 August 2020||311,486|311,486| |Net book value —Charity
At 31 August 2020|and Group|1,552,410|1,552,410| |At 31 August 2019||1,589,333|1,589,333| ## ## |5.
INVESTMENTS|5.
INVESTMENTS||||| |---|---|---|---|---|---| ||||Unrestricted|Permanent|Group| ||||Funds|Endowment|Total| ||||(restated)|Funds|(restated)| |||||F|8| |Freehold
investment
property|||||| |Market value at|1 September 2019|||115,500|115,500| |Market value at|31 August 2020|||115,500|115,500| |Haberdashers'|Charities
Investment|Pool|||| |Market value at|1 September 2019|||2,929,603|2,929,603| |Unrealised
gain||||110,697|110,697| |Market value at|31 August 2020|||3,040,300|3,040,300| |Diversified
Property
Fund for Charities|||||| |Market value at|1 September 2019||270,535||270,535| |Unrealised
loss|||(1,528)||(1,528)| |Market value at|31 August 2020||269,007||269,007| |Property
Income Trust for Charities|||||| |Market value at|1 September 2019||114,500||114,500| |Increase
in investment
cash|||91,000||91,000| |Unrealised
loss|||(8,238)||(8,238)| |Market value at|31 August 2020||197,262||197,262| |Total market value at 31 August 2020|||466,269|3,155,800|3,622,069| |Total market value at 31 August 2019|||385,035|3,045,103|3,430,138| ## ## |endowment
fund. N|ew e|ndowment
gifts totalli|ng 8984,559 have|been receive|d since the|base date.| |---|---|---|---|---|---|---| ||||Trust|Unapplied||| ||||for|Total|Total|Total| ||||investment|Return|2020|2019| ||||E|8|F|| |Trust for investment|at 1|September 2019|1,822,953|1,106,650|2,929,603|2,877,988| |Investment
returns:
Investment
income
Realised and unrealised
gains
Transfer to trust for application||||69,775
110,697
(69,775)|69,775
110,697
(69,775)|68,196
51,615
(68,196)| |Trust for investment|at|31August 2020|1,822,953|1,217,347|3,040,300|2,929,603| ## ## |||Group
2020|2019|Charity
2020|2019| |---|---|---|---|---|---| |||E|6||6| |Interest receivable
Rents receivable
Investment
income
Prepayments
Due from subsidiary
Shuker Field —sale
Other debtors and|company
proceeds
prepayments|3,418
1,517
3,953
1,657
214,133
30,517|3,342
432
8,976
8,464
188,200
5,000|3,418
1,517
3,953
1,657
30,517|3,342
432
8,976
8,464
25,770
5,000| |||255,195|214,414|41,062|51,984| ## ## ## ## |CREDITORS: AMOUNTS|FALLING DUE WITHIN ONE YEAR|||| |---|---|---|---|---| ||Group||Charity|| ||2020|2019|2020|2019| ||E|E|E|E| |Purchase
of alms house|92,375|92,375|92,375|92,375| |Bank loan|412,600|46,000|412,600|46,000| |Loan from the Haberdashers|Operating|||| |Company
Bank overdraft|289,800||111,302|| |Grants to beneficiaries|6,795|6,795|6,795|6,795| |Loan interest accrued|941|1,240|941|1,240| |Deferred income|4,167|4,167|4,167|4,167| |Due to subsidiary
company
Other creditors and accruals|81,248|38,781|80,943|148,490
38,781| ||887,926|189,358|709,123|337,848| ## ## |||Group
2020|2019|Charity
2020|2019| |---|---|---|---|---|---| |||||E|E| |Bank loan repayable
1 to 2 years
2 to 5 years
More than 5 years|as follows;|46,000
126,500|412,600
138,000
34,500|46 000
126,500|412600
138,000
34,500| |||172,500|585,100|172,500|585,100| ## ## ## ||||||Permanent|| |---|---|---|---|---|---|---| |||Subsidiary|Unrestricted|Restricted|Endowment|Total| |||Company|Funds
8|Funds|Funds|Funds
6| |Tangible assets
Fixed asset investments|||466,269||1,552,410
3,155,800|1,552,410
3,622,069| |Investment
in subsidiary
Net current assets/(liabilities)
Creditors due after more than||(59,375)
48,037|(286,461)
(137,500)|108,126|59,375
(47,426)
(35,000)|(177,724)
(172,500)| |one year||||||| |||(11,338)|42,388|108,126|4,685,159|4,824,255| ## ## ||||||Net||| |---|---|---|---|---|---|---|---| |||Balance||Expend-|investment|Net|Balance| |||31August
2019
E|Income|iture|gains/
(losses)|transfers|31 August
2020
5| |Unrestricted
Funds
General
fund
Designated
school fund|(a)|35,319
57,218|111,247
50,000|(191,376)
(6,667)|(9,766)|(3,667)|(54,576)
96,884| |Unrestricted —Charity
Subsidiary
company||92,537
465,678|161,247
(975)|(198,043)
(10,363)|(9,766)|(3,667)
(465,678)|42,308
(11,338)| |Unrestricted
—Group||558,215|160,272|(208,406)|(9,766)|(469,345)|30,970| |Restricted
Funds|||||||| |Annual
Payments
Fund (b)
Governors'
Fund (c)
School Maintenance
Fund (d)||7,788
63,868|36,470||||7,788
100,338| |||71,656|36,470||||108,126| |Endowment
Funds
Permanent
Endowment|(e)|2,610,801||(36,923)|52,838|469,345|3,096,061| |Second Permanent
Endowment
(f)||1,531,239|||57,859||1,589,098| |||4,142,040||(36,923)|110,697|469,345|4,685,159| |Total Charity Funds||4,771,911|196,742|(245,329)|100,931||4,824,255| ## ## ## ## ## |TRADING SUBSIDIARY|||||| |---|---|---|---|---|---| ||Share||||| |Name|capital|||Activities|| |||E|||| |Adams
Newport
Limited
(Company
number 6702065)|23,662 To hold||investment|property.|| |A summary
oftrading
results and balance|sheet are shown||below:||| |||||2020|2019| |||||6|6| |Turnover
(rental income)
Administration
expenses||||(10,363)|(593)
(5,970)| |Operating
loss
Interest payable||||(10,363)
(975)|(6,563)
(975)| |Retained
loss before gain on investment|and|distributions||(11,338)|(7,538)| |Net gain on investment|||||501,853| |Distribution||||(465,678)|| |Retained
(loss)/profit||||(477,016)|494,315| |Current assets||||338,142|550,823| |Creditors
falling due within one year
Secured
loan from the Charity||||(290,105)
(24,375)|(25 770)
(24,375)| |Net assets||||23,662|500,678| ## ## ## ## ## ## ||||Unrestricted|Restricted|Permanent|Total| |---|---|---|---|---|---|---| ||||Funds|Funds|Endowment|Funds| ||||||Funds|2019| |||||F|K|E| |Income and endowments||from:||||| |Donations
and legacies|||48,333|||48,333| |Investments:||||||| |Investment
income|||50,274|38,290||88,564| |Investment
property|||1,420|||1,420| |Charitable
activities:||||||| |School buildings
contributions|||50,000|||50,000| ||||150,027|38,290||188,317| |Expenditure
on:
Cost of raising
funds|||33,884|||33,884| |Charitable
activities
Donations
and grants
Other costs|||67,077
9,112|2,646
37,056|36,923|69,723
83,091| ||||110,073|39,702|36,923|186,698| |Net income before gains
investments
and tangible||on
investments|39,954|(1,412)|(36,923)|1,619| |Net gains on investments|||509,696||51,615|561,311| |Net income|||549,650|(1,412)|14,692|562,930| |Transfers
between
funds|||(3,667)||3,667|| |Net movement
in funds|||545,983|(1,412)|18,359|562,930| |Reconciliation
of Funds:||||||| |Fund balances
brought|forward||12,232|73,038|4,123,681|4,208,981| |Fund balances carried|forward||558,215|71,656|4,142,040|4,771,911| ## ## |CHARITY STATEMENT O|F FINANCIAL|ACTIVITIES FO|R THE YEAR|ENDED 31 AU|GUST 2019| |---|---|---|---|---|---| |||||Permanent|Total| |||Unrestricted|Restricted|Endowment|Funds| |||Funds|Funds|Funds|2019| |||6|6|6|| |Income and endowments|from:||||| |Donations
from the Trustee||48,333|||48,333| |Investments:|||||| |Investment
income
Investment
property
Interest due from subsidiary|company|50,274
2,013
975|38,290||88,564
2,013
975| |Charitable
activities:|||||| |School buildings
contributions||50,000|||50,000| |||151,595|38,290||189,885| |Expenditure
on:
Raising funds||27,914|||27,914| |Charitable
activities:
Donations
and grants
Other costs||67,077
9,112|2,646
37,056|36,923|69,723
83,091| |||104,103|39,702|36923|180728| |Net income before gains
investments
and tangible|on
investments|47,492|(1,412)|(36,923)|9,157| |Net gains on investments||7,843||51,615|59,458| |Net income/(expenditure)||55,335|(1,412)|14,692|68,615| |Transfers
between
funds||(3,667)||3,667|| |Net movement
in funds||51,668|(1,412)|18,359|68,615| |Reconciliation
of Funds:
Fund balances
brought
forward||40,869|73,068|4,123,681|4,237,618| |Fund balances carried forward||92,537|71,656|4,142,040|4,306,233| ## ## |||Charitable|Raising|Govern-|| |---|---|---|---|---|---| |||activities|funds|ance|2019| |||E|8|6|6| |Costs directly allocated to|||||| |activities|||||| |Insurance
ofSchool buildings
Less: insurance
paid by School
Depreciation
ofSchool buildings||9,190
(8,847)
36,923|||9,190
(8,847)
36,923| |Grants to School||67,077|||67,077| |Grants to other institutions||2,646|||2,616| |Property advice and management|||||| |fees|||930||930| |Legal fees and professional|advice|||13,897|13,897| |Loan interest
Support costs|||20,261||20,261| |Allocated direct
Allocated
on the basis of staff time:|||6,723|13|6,736| |Staff costs
Service charges||24,520
3,852||3,062
481|27,582
4,333| |Total expenditure
—Charity||135,361|27,914|17,453|180,728| |Other expenditure
—subsidiary|||||| |company|||5,970||5,970| |Total expenditure
-Group||135,361|33,884|17,453|186,698| ## ## ## |||||Unrestricted|Permanent|Group| |---|---|---|---|---|---|---| ||||Subsidiary|Funds|Endowment|Total| ||||Company|(restated)|Funds|(restated)| ||||6|6|E|6| |Freehold
investment
property||||||| |Market value at|1 September 2018||58,381||115,500|173,881| |Disposal —Shuker
Field|||(58,381)|||(58,381)| |Market value at|31 August 2019||||115,500|115,500| |Haberdashers'|Charities
Investment|Pool||||| |Market value at|1 September 2018||||2,877,988|2,877,988| |Unrealised
gain|||||51,615|51,615| |Market value at|31 August 2019||||2,929,603|2,929,603| |Diversified
Property
Fund for Charities||||||| |Market value at|1 September 2018|||247,692||247,692| |Increase
in investment
cash||||15,000||15,000| |Unrealised
gain||||7,843||7,843| |Market value at|31 August 2019|||270,535||270,535| |Property
Income Trust for Charities||||||| |Market value at|1 September 2018|||65,500||65,500| |Increase
in investment
cash||||49,000||49,000| |Market value at|31 August 2019|||114,500||114,500| |Total market value at 31 August 2019||||385,035|3,045,103|3,430,138| |Total market value at 31 August 2018||||||| |(restated)|||58,381|247,692|2,993,488|3,299,561| ## ## ## |ANALYSIS
2019|OF GROUP NET A|SSETS BETW|EEN FUNDS F|OR THE YE|AR ENDED 3|1AUGUST| |---|---|---|---|---|---|---| ||||||Permanent|Total| |||Subsidiary
Company|Unrestricted
Funds|Restricted
Funds|Endowment
Funds|Funds
Restated| ||||8|E|8|| |Tangible assets
Fixed asset investments|||385,035||1,589,333
3,045,103|1,589,333
3,430, 138| |Investment
Net current|in subsidiary
(liabilities)/assets|(59,375)
525,053|(118,331)|71,656|59,375
(140,838)|337,540| |Creditors
due after more than
one year||(214,133)|(174,167)||(410,933)|(585,100)| |||465,678|92,537|73,068|4,142,040|4,771,911| ## ||Balance|||Net||Balance| |---|---|---|---|---|---|---| ||31 August
2018|Income|Expend-
iture|investment
gains|Net
transfers|31August
2019| ||E|E|F|F|F|E| |Unrestricted
Funds
General
fund
Designated
school fund|27,476
13,393|95,469
56,126|(95,469)
(8,634)|7,843|(3,667)|35,319
57,218| |Unrestricted
—Charity
Subsidiary
company|40,869
(28,637)|151,595
(1,568)|(104,103)
(5,970)|7,843
501,853)|(3,667)|92,537
465,678| |Unrestricted
—Group|12,232|150,027|(110,073)|509,696|(3,667)|558,215| |Restricted Funds||||||| |Annual
Payments
Fund
Governors'
Fund
School Maintenance
Fund|7,788
65,280|2,646
35,644|(2,646)
(37,056)|||7,788
63,868| ||73,068|38,290|(39,702)|||71,656| |Endowment
Funds
Permanent
Endowment|2,619,420||(36,923)|24,637|3,667|2,610,801| |Second Permanent
Endowment|1,504,261|||26,978||1,531,239| ||4,123,681||(36,923)|51,615|3,667|4,142,040| |Total Charity Funds|4,208,981|188,317|(186,698)|561,311||4,771,911|