| was made up as foll | ows: | ||
|---|---|---|---|
| 2021 | 2020 | ||
| £ | £ | ||
| Net surplus on activities in the year Increase/(Decrease) in value of investments during the year |
9,387 92,670 |
(26,533) (48,034) |
|
| Increase/(Decrease) | in total net assets during the year | 102,057 | (74,567) |
| Unrestricted | Endowment | Total | Total | |||
|---|---|---|---|---|---|---|
| Funds | Funds | 2021 | 2020 | |||
| Notes | £ | £ | £ | £ | ||
| Income from: | ||||||
| Investments | 2 | 74,801 | 74,801 | 76,864 | ||
| Expenditure | ||||||
| Raising funds | 3 | 15,897 | 15,897 | 19,078 | ||
| Charitable activities | 4 | 49,517 | 49,517 | 84,319 | ||
| Total resources | expended | 65,414 | 65,414 | 103,397 | ||
| Net gains/(losses) | on investments | 6 | 92,670 | 92,670 | (48,034) | |
| Net movement | in funds | 9,387 | 92,670 | 102,057 | (74,567) | |
| Total funds broughtforward | 57,616 | 3,376,038 | 3,433,654 | 3,508,221 | ||
| Total funds carried forward | 67,003 | 3,468,708 | 3,535,711 | 3,433,654 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | £ | £ | |
| Fixed assets | |||||
| Tangibleassets | 7 | 1,778,706 | 1,778,706 | ||
| Investment properties | 8 | 794,251 | 794,251 | ||
| Investments | 9 | 930,622 | 839,599 | ||
| 3,503,579 | 3,412,556 | ||||
| Current assets | |||||
| Debtors | 10 | 3,648 | 3,841 | ||
| Cash at Bank and in hand | 38,276 | 33,901 | |||
| 41,924 | 37,742 | ||||
| Creditors: amounts fallingdue |
|||||
| within one year | 11 | (9,792) | (16,644) | ||
| Net current assets | 32,132 | 21,098 | |||
| Total assets less current liabilities |
3,935,711 | 3,433,654 | |||
| Capitaland reserves | |||||
| Endowment funds | 13 | 3,468,708 | 3,376,038 | ||
| Unrestricted funds | 14 | 67,003 | 57,616 | ||
| 3,535,711 | 3,433,654 |
| Investments | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Dividends and interest receivable Gross rents and ground rents receivable |
28,416 46,385 |
31,223 45,641 |
| 74,801 | 76,864 |
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| Investment propertyexpenses Property insurance Repairs |
2,311 11,884 |
2,612 15,019 |
|
| 14,195 | 17,631 | ||
| Portfolio management fees | 1,702 | 1,447 | |
| 15,897 | 19,078 |
| Charitable Activities | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Insurance | 854 | 760 |
| Grants payable to Tanworth in Arden School Grants payable to Salter Street School Clerks' charges and expenses Professional charges (governance costs) |
19,333 19,333 3,430 6,567 |
32,765 38,000 5,000 7,794 |
| 49,517 | 84,319 |
| Net Gains | /(Losses)on Investments | ||
|---|---|---|---|
| 2021 | 2020 | ||
| £ | £ | ||
| Revaluation Gain/(loss) |
gains/(losses) of investments on sale of investments |
92,566 104 |
(47,911) (123) |
| 92,670 | (48,034) |
| TangibleFixed Assets | |||
|---|---|---|---|
| Tamworth in | Salter Street | Total | |
| Arden School | School | ||
| £ | £ | £ | |
| Cost | |||
| At 1 January 2021 | 1,085,437 | 693,269 | 1,778,706 |
| At 31 December 2021 | 1,085,437 | 693,269 | 1,778,706 |
| Carrying Amount | |||
| At 31 December 2021 | 1,085,437 | 693,269 | 1,778,706 |
| At 31 December 2020 | 1,085,437 | 693,269 | 1,778,706 |
| Fair | value | ||||||
|---|---|---|---|---|---|---|---|
| At 1 |
January | 2021 | and | 31 | December | 2021 | 794,251 |
| 9. | Fixed Asset Investments | Fixed Asset Investments | ||||||
|---|---|---|---|---|---|---|---|---|
| Listed | Monies held | Total | ||||||
| Investments | by portfolio | |||||||
| manager | ||||||||
| £ | £ | £ | ||||||
| Cost or valuation | ||||||||
| As at 1 January 2021 |
838,114 | 1,485 | 839,599 | |||||
| Valuationchanges | 92,670 | 92,670 | ||||||
| Management fees | (1,647) | (1,647) | ||||||
| Disposals | (1,872) | 1,872 | ||||||
| At 31 December 2021 | 928,912 | 1,710 | 930,622 | |||||
| Carrying Amount | ||||||||
| At 31 December 2021 | 928,912 | 1,710 | 930,622 | |||||
| At 31 December 2020 | 838,114 | 1,485 | 839,599 | |||||
| Listed investments | at market value | |||||||
| The listed investments | can be | broken down | as follows:- | |||||
| 2021 | 2020 | |||||||
| £ | £ | |||||||
| Quoted securities managed by Barclays | ||||||||
| Wealth UK Equities | 577,107 | 528,472 | ||||||
| M & G Charifund Units | 247,472 | 218,270 | ||||||
| Charities' Official Investment Fund - | Income | units | 104,333 | 91,372 | ||||
| Total | 928,912 | 838,114 | ||||||
| 10. | Debtors | |||||||
| 2021 | 2020 | |||||||
| £ | £ | |||||||
| Amounts fallingdue within one Prepayments and accrued income |
year: | 3,648 | 3,841 |
| 11. | Creditors: amounts fallingdue within | Creditors: amounts fallingdue within | one year: | ||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Accruals and deferred income | 9,792 | 16,644 | |||
| 12. | Financial Instruments | ||||
| 2021 | 2020 | ||||
| £ | £ | ||||
| Carrying amount of financial |
assets | ||||
| Debt instruments measured at amortised cost | 2,591 | 2,979 | |||
| Equity instruments measured at | market value | 930,622 | 839,599 | ||
| Carrying amount of financial | liabilities | ||||
| Measured at amortised cost | 9,792 | 16,644 |
| on the asset | s form | part of the f | und. | und. | ||
|---|---|---|---|---|---|---|
| Movements in funds | ||||||
| Balance at 1 January |
Incoming Resources |
Resources Expended |
Revaluations Balance at Gains/ 31 December |
|||
| 2021 | (Losses) | 2021 | ||||
| £ | £ | £ | £ | £ | ||
| Endowment | fund | 3,376,038 | 92,670 | 3,468,708 | ||
| 3,376,038 | 92,670 | 3,468,708 |
| Unrestricted | Funds | ||||
|---|---|---|---|---|---|
| Movements in | funds | ||||
| Incoming | Resources Revaluations | Balance at | |||
| Resources | Expended | Gains & 31 December | |||
| Loss | 2021 | ||||
| £ | £ | £ | £ | ||
| Unrestricted | fund | 57,616 | 74,801 | (65,414) | 67,003 |
| 57,616 | 74,801 | (65,414) | 67,003 |
| Analysisof Net Assets Between | Funds | ||
|---|---|---|---|
| Unrestricted | Endowment | Total | |
| Funds | Funds | ||
| £ | £ | £ | |
| Fund balances at 31 December 2021 are presented by: | |||
| Tangibleassets | 1,778,706 | 1,778,706 | |
| Investment properties | 794,251 | 794,251 | |
| Investments | 34,871 | 895,751 | 930,622 |
| Current assets/(liabilities) | 32,132 | 32,132 | |
| 67,003 | 3,468,708 | 3,535,711 |
| Analysisof net assets between | funds - prioryear |
||
|---|---|---|---|
| Unrestricted | Endowment | Total | |
| Funds | Funds | ||
| £ | £ | £ | |
| Fund balances at 31 December 2020 are presented by: | |||
| Tangibleassets | 1,778,706 | 1,788,706 | |
| Investment properties | 794,251 | 794,251 | |
| Investments | 36,518 | 803,081 | 839,599 |
| Current assets/(liabilities) | 21,098 | 21,098 | |
| 57,616 | 3,376,038 | 3,433,654 |