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2021-08-31-accounts

Legal and administrative
details		 Legal and administrative
details
Trustee's
report
Independent
auditors'
report
Group statement
offinancial		 activities
Charity statement
offinancial		 activities
Balance sheets 13
hlotes to the financial statements 14

Permanent Total Total
Unrestricted Restricted Endowment Funds Funds
Nate Funds
f		 Funds
f		 Funds
f		 2021f 2020f
income and endowments
Donations
from the Trustee		 from: 30,000 30,000 50,000
investments:
Investment
income
Rental income		 2 21,217
2,031		 76,478 97,695
2,031		 94,475
2,042
Charitable
activities:
School buildings
contributions		 50,000 50,000 50,000
Other income
Other		 225
Total return
allocated
to		 income 2 36,477 40,001 (76,478)
139,725 40,001 179,726 196,742
Expenditure
on;
Raising funds		 21,711 21 711 28690
Charitable
activities:
Donations
and grants
Other costs		 32,428
67,951		 65,952 36,923 98,380
104,874		 121,497
95,142
3 'l22,090 65,952 36,923 224,965 245,329
Net income (expenditure)
gains on investments		 before 17,635 (25,951) (36,923) (45,239) (48,587)
Net gains on investments 27,872 506,768 534,640 100,931
Net income/(expenditure) 45,507 (25,951) 469,845 489,401 52,344
Transfers
between funds		 (3,667) 3,667
Net movement
in funds		 4'l,840 (25,591) 473,512 489,401 52, 344
Reconciliation
of Funds:
Total funds brought forward		 30,970 108,126 4,685,159 4,824,255 4,771,991
Total funds carried forward 72,810 82,175 5,158,671 5,313,656 4,824,255

Permanent Total Total
Unrestricted Restricted Endowment Funds Funds
Note Funds
E		 Funds
f		 Funds
F		 2021
E		 2020
8
Income and endowments
from:
Donations
fram the Trustee
Danation
fram subsidiary
company		 30,0DD 30,000 50,000
465,678
Investments:
Investment
income
Rental income		 2 2'i,217
2,031		 76,478 97,695
2,031		 94,475
2,042
interest due from subsidiary
company		 975 975 975
Charitable
activities:
School buildings
contributions		 50,000 50,000 50,000
Other income:
Other		 225
Total return allocated to income 36,477 40,001 (76,478)
140,700 40,001 180,701 663,395
Expenditure
on:
Raising funds		 24,246 24,246 29,828
Charitable
activities:
Donations
and grants
Other costs		 32,428
66,391		 65,952
-		 36,923 98,380
103,314		 121,497
94,979
3 123,065 65,952 36,923 225,940 246,304
Net income/(expenditure)
gains on investments		 before 17,635 (25,951) (36,923) (45,239) 417,091
Net gains on investments 5 27 872 506,768 534,640 1D0,931
Net income/(expenditure) 45,5D7 (25,951) 469,845 489,401 518,022
Transfers
between
funds		 (3,667) 3,667
Net movement
in funds		 41,840 (25,951) 473,512 489,401 518,022
Reconciliation
of Funds:
Total funds brought
forward		 30,970 108,126 4,685,159 4,824,255 4,306,233
Total funds carried forward 72,810 82,175 5,158,671 5,313,656 4,824,255

Group Charity Charity
2021 2020 202'I 2020
Note
Fixed assets
Tangible assets 4 1,515,487 1,552,410 1,515,487 1,552,410
Investments 5 4,005,709 3,622,069 4,005,709 3,622,069
Investment
in subsidiary		 company 12 6,649 23,662
Loan to subsidiary company 12 24,375 24,375
5,521,196 5,174,479 5,552,220 5,222, 516
Current assets
Debtors: amounts receivable within one year 7 43,388 255,195 43,388 41,062
Investments:
deposits		 42,300 442,300 42,300 442,300
Cash at bank 35,970 12,707
121,658 710,202 85,688 483,362
Liabilities
Creditors: amounts falling due within one year 8 (202,698) (887,926) (197,752) (709,123
Net current
liabilities		 (81,040) (177,724) (112,064) (225,76'I
Total assets fess current liabilities 5,440, 'l56 4,996,755 5,440, '!56 4,996,755
Creditors: amounts failing due after more than
one year 9 (126,500) (172,500) (126,500) (172,500
Total net assets 5,313;656 4,824,255 5,313,656 4,824,255
The Funds of the Charity:
Permanent
endowment		 funds 11 5,158,671 4,685,159 5,158,671 4,685,159
Restricted
funds		 11 82,175 108,126 82,175 108,126
Unrestricted
funds		 11 72,810 30,970 72,810 30,970
Total Charity
Funds		 5,313,656 4,824,255 5,313,656 4,824,255

Group Charity Charity
2021 2020 2021 2020
Note
Fixed assets
Tangible assets 4 1,515,487 1,552,410 1,515,487 1,552.,410
Investments 5 4,005,709 3,622,069 4,005,709 3,622,069
Investment
in subsidiary		 company 12 6,649 23,662
Loan to subsidiary company 12 24,375 24,375
5,521,196 5,174,479 5,552,220 5,222,516
Current assets
Debtors' amounts receivable within one year 7 43,388 255,195 43,388 41,062
Investments:
deposits		 42,300 442,300 42,300 442,300
Cash at bank 35,970 12,707
121,658 710,202 85,688 483,362
Liabilities
Creditors: amounts falling due within one year 8 (202,698) (887,926) (197,752) (709,123
Net current
liabilities		 (81,040) (177,724) (112,064) (225,761
Total assets less current liabilities 5,440,156 4,996,755 5,440,156 4,996,755
Creditors: amounts falling due after more than
one year 9 (126,500) (172,500) (126,500) (172,500
Total net assets 5,313,656 4,824,255 6,313,656 4,824,255
The Funds ofthe Charity:
Permanent
endowment		 funds 11 5,158,671 4,685,159 5,158,671 4,685,159
Restricted
funds		 11 82,175 108,126 82,175 108,126
Unrestricted
funds		 11 72,810 30,970 72,810 30,970
Total Charity Funds 5,313,656 4,824,255 5,313,656 4,824,255

2. INVESTMENT
INCOIIIIE
Total Total
2021 2020
E E
Interest receivable 21,217 24,700
Distributions
from Haberdashers'		 Charities investment Pool 76,478 69,775
Total —Charity
and Group		 97,695 94,475
3. ANALYSIS OF EXPENDITURE
Charitable Raising Govern- Total Total
activities funds ance 2021 2D20
8 E F
Costs directly allocated to
activities
Insurance
ofSchool buildings
Less: insurance
paid by School
Depreciation
ofSchool buildings
Grants to School		 9,991
(9,522)
36,923
98,380		 9,991
(9,522)
36,923
98,380		 10,111
(1D,517)
36,923
121,498
Property
advice and management
fees		 3,247 3,247 1,346
Legal fees and professional
Loan interest		 advice 3,986 34,416 34,416
3,986		 26,114
17,144
Impairment
of investment
of
subsidiary
company		 17,013 17,013 11,338
Support costs
Allocated direct		 72 72 69
Allocated
on the basis of staff time:
Staff costs
Service charges		 25,110
3,432		 2,544
348		 27,654
3,780		 27,863
4,415
Total expenditure
—Charity		 164,314 24,246 37,380 225,940 246,304
Other expenditure
—subsidiary
company
Consolidation
adjustment		 14,478
(17,013)		 1,560 16,038
(17,D13)		 1D,363
(11,338)
Total expenditure
- Group		 164,314 21,711 38,940 224,965 245,329

Group Charity Charity
2021 2020 2021 2020
8 6
Audit fees- current year
Audit fees —prior year
Tax advisory services		 9,360
5,364
4,929		 9,516
10,200		 9,360
5,364
3,369		 9,516
Total —Charity and Group 19,653 19,716 18,093 9,516
TANGIBLE ASSETS —CHARITY AND GROUP
2021 2020
Freehold
I and and Buildings		 8 8
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
Old aims 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 2021 1,863,896 1,863,896
Depreciation
Balance at 31 August 2020
Charge for the year		 311,486
36,923		 274,563
36,923
Balance at 31 August 2021 348,409 311,486
Net book value —Charity
At 31 August 2021		 and Group 1,515,487 1,552,410
At 31 August 2020 1,552,410 1,589,333

5,
INVESTIIIIENTS		 5,
INVESTIIIIENTS
Unrestricted Permanent Group
Funds Endowment Total
Funds
E
Freehold
investment
property
Market value at 1 September 2020 115,500 115,500
Market value at 31 August 2021 115,500 115,500
Haberdashers' Charities
Investment		 Pool
Market value at 1 September 2020 3,040, 300 3,048,300
Unrealised
gain		 506,768 506,768
Market value at 31 August 2021 3,547,068 3,547,068
Diversified
Property
Fund for Charities
Market value at 1 September 2020 269,007 269,007
Unrealised
gain		 22,630 22,630
Market value at 31 August 2021 291,637 291,637
Property
Income Trust for Charities
Market value at 1 September 2020 197,262 197,262
(Decrease)
in investment
cash		 (151,000) (151,000)
Unrealised
Gain		 (loss) 5,242 5,242
Market value at 31 August 2021 51,504 51,504
Total market value at 31 August 2021 343,141 3,662,568 4,005,709
Total market value at 31 August 2020 466,269 3,155,800 3,622,069

endowment
fund. Ne		 w e ndowment
gifts totalli		 ng E984,559 have been receive d since the ase date.
Trust Unapplied
for Total Total Total
investment Return 2021 2020
6 E
Trust for investment at 1 September 2020 1,822,953 1,2'l7, 347 3,D40,300 2,929,603
investment
returns:
investment
income
Realised and unrealised
gains
Transfer to trust for application		 76,478
506,768
(76,478)		 76,478
506,768
(76,478)		 69,775
110,697
(69,775)
Trust for investment at 31August 2021 1,822,953 1,722,115 3,545,068 3,040,300

Group
2D21		 2020f Charity
2021f		 202D
E
Interest receivable
Rents receivable
Investment
income
Prepay
ments
Shuker Field —sale proceeds
Other debtors
and prepayments		 2,917
432
5,657
1,842
32,540		 3,418
'l,517
3,953
1,657
214,133
30,517		 2,917
432
5,657
1,842
32,540		 3,418
1,5'l7
3,953
1,657
30,517
43,388 255,195 43,388 41,062

CREDITORS; AMIOUNTS FALLING DUE WITHIN ONE YEAR
Group Charity
2021 2020 2021 2020
E F E E
Purchase
ofalms house		 92,375 92,375 92,375 92,375
Bank loan 46,000 412,600 46,0DQ 412,600
Loan from the Haberdashers Operating
Company 289,800
Loan interest payable to the Haberdashers
Operating
Company		 14,478
Bank overdraft 11,092 111,302
Grants to beneficiaries 6,795 6,795 6,795 6,795
Loan interest accrued 306 941 306 941
Deferred
income		 4,167 4,167 4,167 4,167
Other creditors
and accruals		 38,577 81,248 37,017 80,943
202,698 887,926 197,752 709,123

Group Charity
2021 2020 2021 2020
6 E
i3ank loan repayable as follows:
1 to 2years 46,000 46,000 46,000 46,000
2 to 5years 80,500 126,500 80,500 126,500
126,500 172,500 126,500 172,50D

Permanent
Subsidiary Unrestricted Restricted Endowment Total
Company Funds Funds Funds Funds
E E E
Tangible assets
Fixed asset investments		 343,141 1,515,487
3,662,568		 1,515,487
4,005,709
Investment
Net current		 iri subsidiary
assets/(liabilities)		 (59,375)
31,024		 (141,146) 82,175 59,375
(53,093)		 (81,040)
Creciitors due after more than (100,833) (25,667) (126,500)
one year
(28.351) 'I01,161 82,175 5,158,670 5,313,656

Net
Balance Expend- inveetrcent Net Balance
31 August
2020		 Income iture gainsi
(losses)		 transfers 31 August
2021
E
Unrestricted
Funds
General
fund
Designated
school fund		 (a) (54,576)
96,884		 90,700
50,000		 (101,453)
(4,599)		 27,872 (3,667) (37,457)
138,618
Unrestricted
—Charity
Subsidiary
company		 42,308
(11,338)		 140,700
(975)		 (106,052)
(16,038)		 27,872 (3,667) 101,161
(28,351)
Unrestricted
—Group		 30,970 139,725 (122,090) 27,872 (3,667) 72,810
Restricted
Funds
Annual
Payments
Fund (b)
Governors'
Fund (c)
Schoo ivlsicienance
Fund (d)		 7,788
100,338		 40,001 (65,952) 7,788
74,387
108,126 40,001 (65,952) 82,175
Endowment
Funds
Permanent
Endowment		 (e) 3,096,061 (36,923) 241,892 3,667 3,304,697
Second Permanent
Endowment
(f)		 1,589,098 264,876 1,853,974
4,685,159 (36,923) 506,768 3,667 5,158,671
Total Charity
Funds		 4,824,255 179,726 (224,965) 534,640 5,313,656

Share
Name capital Activities
Adams Newport Limited 35,000 To hold investment property.
(Company number 6702065)
summary
of t		 rading
results and balance		 sheet are shown below:
2021 2020
Administration expenses (1,560) (10,363)
Operating
loss
Interest payable		 (1,560)
(15,453)		 (10,363)
(975)
Retained
loss		 before gain on investment and distributions (17,013) (11,338)
Distribution (465,678)
Retained
loss		 (17,013) (477,016)
Current assets
Creditors
falling due within one year
Secured loan from the Charity		 47,062
(16,038)
(24,375)		 338,142
(290,105)
(24,375)
Net assets 6,649 23,662

Unrestricted Restricted Permanent Total
Funds Funds Endowment Funds
Funds 2020
8 F
Income and endowments from:
Donations
from the Trustee		 50,000 50,000
Investments:
Investment
income		 24,700 69,775 94,475
Investment
property		 2,042 2,042
Charitable
activities:
School buildings
contributions		 50,000 50,000
Other income:
Other 225 225
Total return
allocated		 to income 33,305 36,470 (69,775)
'l60,272 36,470 196,742
Expenditure
on:
Cost of raising
funds		 28,690 28,690
Charitable
activities
Donations
and grants
Other costs		 121,497
58,219		 36,923 121,497
95,142
208,406 36,923 245,329
Net (expenditure)/income
before gains
on investments
and tangible		 (48,134) 36,470 (36,923) (48,587)
investments
Net (losses)/gains
on		 investments (9,766) 110,697 100,931
Net income/(expenditure) (57,900) 36,470 73,774 52,344
Transfers
between
funds		 (469,345) 469,345
Net movement
in funds		 (527,245) 36,470 543,119 52,344
Reconciliation
of Funds:
Fund balances
brought		 forward 558,215 12,232 558,215 71,656
Fund balances
carried		 forward 30,970 108,126 4,685,159 4,824,255

CHARITY STATEMENT O F FINANCIAL ACTIVITIES FO R THE YEAR ENDED 31AUG UST 2020
Permanent Total
L/nrestricted Restricted Endowment Funds
Funds Funds Funds 2020
F E 6
Income and endowments
Donations
from the Trustee
Donations
from subsidiary		 from:
company		 50,000 465,678 50,000
465,678
investments:
Investment
income
investment
properly
Interest due from subsidiary		 company 24,700
2,042
975		 69,775 94,475
2,042
975
Charitable
activities
School buildings
contributions		 50,000 50,000
Other income:
Other
Total return allocated
to		 income 225
33,305		 36,470 (69,775) 225
161,247 36,470 465,678 663,395
Expenditure
on:
Raising funds		 29,828 29,828
Charitable
activities:
Donations
and grants
Other costs		 121,497
58,056		 36,923 121,497
94,979
104,103 36,923 246,304
Net (expenditure)/income
on investments		 before gains (48,134) 36,470 428,755 417,091
Net (losses)/gains
on investments		 (9,766) 110,697 100,931
Net income/(expenditure) (57,900) 36,470 539,452 518,022
Transfers
between funds		 (3,667) 3,667
Net movement
in funds		 (61,567) 36,470 543,119 518,022
Reconciliation
ofFunds;
Fund balances
brought
forward		 92,537 71,656 4,142,040 4,306,233
Fund balances carried forward 30,970 108,126 4,685,159 4,824,255

Charitable Raising Govern- Total
activities funds ance 2019
F E
Costs directly allocated to
activities
insurance
ofSchool buildings
Less: insurance
paid by School
Depreciation
ofSchool buildings
Grants to School		 10,111
(10,517)
36,923
121,498		 10,111
(10,517)
36,923
121,498
Grants to other institutions
Property
advice and management
fees
Legal fees and professional
advice
Loan interest		 1,346
17,144		 26,114 1,346
26, '!14
17,144
impairment
of investment
of
subsidiary
company		 11,338 11,338
Supportcosts
Allocated
direct		 69
Allocated
on the basis of staff time:
Staff costs
Service charges		 25,300
4,009		 2,563
406		 27,863
4,415
Total expenditure
—Charity		 187,324 29,828 29,152 246,304
Other expenditure
—subsidiary
company
Consolidation
adjustment		 10,200
(11,338)		 163 10,363
(11,338)
Total expenditure
- Group		 187,324 28,690 29,315 245,329

Unrestricted Permanent Group
Funds Endowment Total
Funds
F
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
Market value at 1 September 2019
Unrealised
gain		 Pool 2,929,603
110,697		 2,929,603
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
Unrealissd
loss		 270,535
(1,528)		 270,535
(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,DDD
Unrealised
loss		 (8,238) (8,238)
Market value at 31 August 2020 197,262 197,262
Total market value at 31 August 2D20 466,269 3,155,800 3,622,069
Total market value at 31 August 2019 385,035 3,045,103 3,430,138

AhlALYSIS OF GROUP
2020		 NET ASSETS BET WEEh!FUN DS FOR T HE YEAR ENDED 31 AU GUST
Permanent
Subsidiary Unrestricted Restricted
Endowment		 Total
Companyf Funds
f		 Funds
f
Funds
f		 Funds
f.
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)		 (59,375)
48,037		 (286,461) 108,126
59,375
(47,426)		 (177,724)
Creditors due after more than (137,50D) (35,000) (172,500)
one year
(11,338) 42,308 108,126
4,685,159		 4,824,255
THE FUNDS OF THE GROUP AND CHARITY FOR THE YEAR ENDED 31 AUGUST 2020
Net
Balance Expend- investment
Net		 Balance
31 August
2019f		 Income iture gains/
(losses)f
transfers		 31 August
2020
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)
Unrestdcted
—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 36,47D 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) 110697
469 345		 4,685,159
Total Charity
Funds		 4,771,911 196,742 (245,329) 100,931 4,824,255