## ## ## |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|