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|||||Page|
|---|---|---|---|---|
|Reference and Administrative||Details ofthe Company,|its Trustees and Advisers||
|Trustees'
Report||||2-9|
|Independent
Auditor's|Report|on the Financial Statements||10-13|
|Statement of Financial|Activities|||14|
|Balance Sheet||||15-16|
|Statement ofCash Flows||||17|
|Notes to the Financial|Statements|||18-30|
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|REFERENCE AND|REFERENCE AND|ADMINISTRATIVE|DETAILS OF THE COMPANY, ITSTRUSTEES AND ADVISERS|DETAILS OF THE COMPANY, ITSTRUSTEES AND ADVISERS|DETAILS OF THE COMPANY, ITSTRUSTEES AND ADVISERS|
|---|---|---|---|---|---|
|||FOR THE|YEAR ENDED 31 DECEMBER 2021|||
|Trustees||Theresa Cerullo, President|||(deceased 30July 2022)|
|||Lynn Hodge, Chair||||
|||Rev. Greg Mauro,||Deputy Chair||
|||Andre Taylor||||
|||Peter Tod||||
|||Julian Richards||||
|||Verona Powell||||
|||Andreas
Yiangou||||
|Company|registered|||||
|number||02175712||||
|Charity registered||||||
|number||1001361||||
|Registered|office|The Lodge||||
|||The Green||||
|||Houghton
Hall||||
|||Houghton
Regis||||
|||LU5 5DY||||
|Company|secretary|Theresa
Cerullo||||
|Executive|team|Julian Richards|(European||Director)|
|||Oliver Palmer (UK||Office Manager)||
|||Christine
McKinney||(Partner Services Manager)||
|Bankers||HSBC PLC||||
|||48 High Street||||
|||Leighton
Buzzard||||
|||LU7 1EE||||
|Solicitors||Russell Cooke||||
|||2 Putney
Hill||||
|||London||||
|||SW156AB||||
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|||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2021|2021|2020|
||||Note||||
|Income from:|||||||
|Donations
and|legacies|||1,065,654|1,065,654|858,189|
|Investments||||125|125||
|Total income||||1,065,779|1,065,779|858,189|
|Expenditure
on:|||||||
|Raising funds||||||1,079|
|Charitable
activities||||750,085|750,085|814,001|
|Total expenditure||||750,085|750,085|815,080|
|Net movement|in funds|||315,694|315,694|43,109|
|Reconciliation|offunds:||||||
|Total funds brought||forward||173,306|173,306|130,197|
|Net movement|in funds|||315,694|315,694|43,109|
|Total funds carried forward||||489,000|489,000|173,306|
||||BALANCE SHEET|BALANCE SHEET||||
|---|---|---|---|---|---|---|---|
||||AS AT 31 DECEMBER 2021|||||
||||Note||2021f||2020|
|Fixed assets||||||||
|Tangible assets|||||6,269||7,367|
|Current assets||||||||
|Current
investments|||10|300,000||||
|Debtors|||11|89,366||26,518||
|Cash at bank and|in hand|||130,312||147,768||
|||||519,678||174,286||
|Creditors: amounts|falling|due within one||||||
|year|||12|(36,947)||(8,347)||
|Net current assets|||||482,731||165,939|
|Total assets less|current|liabilities|||489,000||173,306|
|Total net assets|||||489,000||173,306|
|Charity funds||||||||
|Restricted
funds|||13|||||
|Unrestricted
funds|||13||489,000||173,306|
|Total funds|||||489,000||173,306|
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||||||2021|2020|
|---|---|---|---|---|---|---|
||||||E||
|Cash flows from operating|activities||||||
|Net cash used
in operating|activities||||(14,792)|74,392|
|Cash flows from investing|activities||||||
|Purchase
of tangible
fixed assets|||||(2,664)|(773)|
|Net cash used in investing|activities||||(2,664)|(773)|
|Cash flows from financing|activities||||||
|Net cash provided
by financing
activities|||||||
|Change
in cash and cash|equivalents|in|the year||(17,456)|73,619|
|Cash and cash equivalents|at the beginning||ofthe year||147,768|74,149|
|Cash and cash equivalents|at the end of||the year||130,312|147,768|
|The notes on pages 18to 30 form part ofthese financial||||statements|||
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|||Unrestricte|Total|Total|
|---|---|---|---|---|
|||d funds|funds|funds|
|||2021|2021|2020|
|||f.|E||
|Donations||763,272|763,272|858,189|
|Legacies||300,000|300,000||
|Government|grants|2,382|2,382||
|||1,065,654|1,065,654|858,189|
|||Unrestricte|Total|Total|
|---|---|---|---|---|
|||d funds|funds|funds|
|||2021|2021|2020|
||||E||
|Rental|income|125|125||
|||Unrestricte|||
|---|---|---|---|---|
|||d funds|Total|Total|
|||2021|2021|202G|
||||E||
|Charitable|activities|750,085|750,085|814,001|
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|||||Activities|||
|---|---|---|---|---|---|---|
|||||undertaken|Support|Total|
|||||directly|costs|funds|
|||||2021|2021|2021|
|Charitable||activities||607,639|142,446|750,085|
|||||Activities|||
|||||undertaken|Supporl|Total|
|||||directly|costs|funds|
|||||2020|2020|202G|
|Charitable||activities||663,883|150,118|814,001|
|Analysis|ofdirect costs||||||
||||||Total|Total|
||||||funds|funds|
||||||2021|2020|
||||||E||
|Staff costs|||||99,350|95,107|
|Printing,|postage||8 publications||23,023|17,669|
|Telephone|||||6,460|5,322|
|Conferences|||||2,243|14,732|
|Donations|||||5,295|1,098|
|Missions|||||455,440|521,865|
|Accommodation|||and travel||13,475|7,252|
|Other expenditure|||||2,353|838|
||||||607,639|663,883|
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|||||Total|Total|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2021|2020|
|Staff costs||||22,290|21,579|
|Depreciation||||3,762|3,956|
|Professional|and bank|||8,330|8,679|
|Other expenditure||||32,860|34,795|
|Premises||||5,643|6,005|
|General office &finance||||10,204|16,892|
|Communications||||4,046|5,139|
|Auditors
remuneration||||5,250|5,000|
|Governance|costs|||50,061|48,073|
|||||142,446|150,118|
|Staff costs||||||
|||||2021|2020|
|||||f.||
|Wages and|salaries|||154,262|148,198|
|Social security costs||||13,983|13,218|
|Contribution|to defined|contribution|pension schemes|3,456|3,343|
|||||171,701|164,759|
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|2021|2020|
|---|---|
|No.|No.|
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||||||Office|
|---|---|---|---|---|---|
||||||equipment|
||||||E|
||Cost or valuation|||||
||At 1 January
2021||||158,194|
||Additions||||2,664|
||At 31 December 2021||||160,858|
||Depreciation|||||
||At 1 January
2021||||150,827|
||Charge for the year||||3,762|
||At 31 December 2021||||154,589|
||Net book value|||||
||At 31 December 2021||||6,269|
||At 31December 2020||||7,367|
|10.|Current investments|||||
|||||2021|2020|
||Property|||300,000||
||A legacy including|a property was left to the charity|in the year.|||
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|||2021|2020|
|---|---|---|---|
||||E|
|Due within one year||||
|Other debtors||9,628|6,165|
|Prepayments|and accrued income|7,116|6,939|
|Tax recoverable||72,622|13,414|
|||89,366|26,518|
##
|||2021|202C|
|---|---|---|---|
|Other creditors||28,376||
|Accruals and deferred|income|8,571|8,347|
|||36,947|8,347|
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|Statement of|funds|||||||
|---|---|---|---|---|---|---|---|
|Statement of|funds|-current year||||||
||||||||Balance at|
||||Balance at 1||||31|
||||January||||December|
||||2021f|Income
f|Expenditure|f|2021f|
|Unrestricted
funds||||||||
|General Funds|—all|funds|173,306|1,065,779|(750,085)||489,000|
|Statement of|funds|-prior year||||||
||||||||Balance al|
||||Balance at||||31|
||||1January||||Decembet|
||||2020|Income|Expenditure|f'|202G|
|Unrestricted
funds||||||||
|General Funds|- all|funds|130,197|858,189|(815,080)||173,306|
##
||||Balance at|
|---|---|---|---|
|Balance at|||31|
|1January|||December|
|2020|Income|Expenditure|2020|
|E|||E|
|130,197|858,189|(815,080)|173,306|
||||||Unrestricte|Total|
|---|---|---|---|---|---|---|
||||||d funds|funds|
||||||2021|2021|
|||||||E|
|Tangible|fixed|assets|||6,269|6,269|
|Current|assets||||519,678|519,678|
|Creditors|due|within|one|year|(36,947)|(36,947)|
|Total|||||489,000|489,000|
|Analysis|of n|et ass|ets|between funds - prior year|||
|---|---|---|---|---|---|---|
||||||Unrestricted|Total|
||||||funds|funds|
||||||2020|2020|
|Tangible|fixed|assets|||7,367|7,367|
|Current|assets||||174,286|174,286|
|Creditors|due|within|one|year|(8,347)|(8,347)|
|Total|||||173,306|173,306|
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|||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|
||Net income for the|year (as per Statement|||of Financial|Activities)||315,694|43,109|
||Adjustments
for:|||||||||
||Depreciation
charges|||||||3,762|3,956|
||Decrease/(increase)||in debtors|||||(62,848)|29,949|
||Increase/(decrease)||in creditors|||||28,600|(2,622)|
||Property
legacy|||||||(300,000)||
||Net cash provided|by/(used||in) operating|activities|||(14,792)|74,392|
|17.|Analysis ofcash|and cash equivalents||||||||
|||||||||2021|2020|
||Cash
in hand|||||||130,312|147,768|
||Total cash and cash equivalents|||||||130,312|147,768|
|18.|Analysis ofchanges||in net debt|||||||
||||||||At 1||At 31|
||||||||January||December|
||||||||2021|Cash flows|2021|
|||||||||V|V|
||Cash at bank and|in hand|||||147,768|(17,456)|130,312|
||||||||147,768|(17,456)|130,312|
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|non-cancell|abl|e
operating
leases as follows:|||
|---|---|---|---|---|
||||2021|202G|
|Not later than||1 year|16,516|17,154|
|Later than|1 year and not later than 5 years||33,023|43,321|
||||49,539|60,475|
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