##
##
##
|Reference and Administrative
Details|Reference and Administrative
Details||
|---|---|---|
|Trustees'
Report||2to 7|
|Independent
Auditors'|Report|8to 10|
|Statement of Financial|Activities||
|Statement of Financial|Activities|12|
|Balance Sheet||13|
|Cash Flow Statement||14|
|Notes to the Financial|Statements|15to 2Z|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|Statement
Of Fina|ncial|Activitie|S
fOr the|Year Ende|d 31 Mar|ch 2022|
|---|---|---|---|---|---|---|
||||||Total|Total|
|||Unrestricted|Restricted|Endowment|2022|2021|
||Note||6|||8|
|Income and Endowments|fram:||||||
|Donations
and legacies|3|31,671|782,728||814,399|487.453|
|Investment
income|4|2,123,465|||2,123,465|1,453,626|
|Other income|5|6,444||||17,156|
|Total Inoome||2,161,580|782,728||2,944,308|1,958,235|
|Expenditure
on:|||||||
|Raising funds|6|(352,092)|||(352,092)|(185,863)|
|Charitable
activities|7|~1777.285|~782.728||~2.499,993|~1.973.248|
|Total Expenditure||~206935,7|,~782,728||~2,852,285|~2,759,711|
|Gains/(losses)
on|||||||
|investment
assets||4.986,538||823.577|5,810,115|11,828.007|
|Net rnovernent
in funds||5,078,761||823,577|5,902,338|11,627,131|
|Reconciliation
offunds|||||||
|Total funds brought|||||||
|forward||54,126,738||8.939.572|63,066,310|51,439.179|
|Total funds carried|||||||
|forward|19|59,205,499||9.763.149|68,968,648|63,066.310|
##
##
||||Unrestricted|Restricted|Endawment|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|2021|
|||Note|6|||6|
|Income and Endowments||fram:|||||
|Donations
and legacies||||487,453||487.453|
|Investment
income||4|1,453,626|||1,453,626|
|Other income|||17,156|||17,156|
|Total income|||1,470,782|487,453||1,958,235|
|Expenditure
on:|||||||
|Raising funds
Charitable
activities|||(185.863)
~4.485.795|~487,&3||(185.863)
~4.973.248|
|Total expenditure|||(1,671,658)|(487,453)||(2,159,111)|
|Gains/(losses)
on|||||||
|investment
assets|||10,156.725||1.671.282|11,828.007|
|Net income|||9565 849||1671282|11627131|
|Net movement
in funds|||9,955.849||1.671.282|11,627.131|
|Reconciliation
offunds|||||||
|711f 5 0
ghff|8||44170889||7268290|51439179|
|Total funds carried forward||1g|54,126.738||8.939,572|63,066.310|
##
##
|Balance||Sheet|
as at 31 March 2022||||
|---|---|---|---|---|---|---|
||||||2022|2021|
|||||Note|8|8|
|Fixed assets|||||||
|Tangible assets||||14|2,249|3,103|
|Investments||||15|67,285,D42|61,784,317|
||||||67,287,291|61,787,42D|
|Current assets|||||||
|Debtors||||16|247,800|144,694|
|Cash at bank||and in hand|||1,530,834|1,227,470|
|Creditors: Amounts|||falling due within one year|17|1.778,634
~97277|1,372.464
~.
93,574|
|Net current|assets||||1881357|1278890|
|Net assets|||||68,968,648|63,066,310|
|Funds ofthe||charity:|||||
|Endowment||funds|||9,763,14g|8,939,572|
|Unrestricted||income|funds||||
|Unrestricted|funds||||59205499|54,126.738|
|Total funds||||1g|68,968,648|63,066.310|
##
##
|Cash Flow Stateme|n|t for the|Year End|ed 31 M|arch 2022||
|---|---|---|---|---|---|---|
||||||2822|2021|
|||||Note||8|
|Cash flows from operating||activities|||||
|Net cash income|||||5,902,338|11,627,131|
|Adjustments
tocash flows||from noncash|items||||
|Depreciation||||6|854|1,203|
|Investment
income
Revaluation
of investments||||4|(2,123,465)
~5870 115|(1,453.626)
~17.820007|
||||||(2,030,388)|(1,653,299)|
|Working capital adjustments|||||||
|increase
in debtors||||16|(102,806)|(11,797)|
|Increase
in creditors||||17|3703|4875|
|Net cash flows from operating||activities|||~2,420,401|~1,060,221|
|Cash flows from Investing||activities|||||
|Interest receivable
and similar income||||4|2,123,466|1,453.626|
|Purchase of investments||||15|(15,600,907)|(11.406,272)|
|Sale of investments|||||15910297|11550075|
|Net cash flows from investing||activities|||2,432,855|1,607,029|
|Net increase/(decrease)
in|cash and cash equivalents||||303,364|(53,192)|
|Cash and cash equivalents|at 1 April||||1 227470|1 280 062|
|Cash and cash equivalents|et 31 March||||1.530,834|1,227.470|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|5
Other
income||||
|---|---|---|---|
||Unrestricted|||
||funds|Total|Total|
||General|2022|2021|
|Grants returned|6,025|6,025|2,000|
|Job retention scheme grants|419|419|15,156|
|||6.444|17,156|
##
##
||||||Unrestricted|||
|---|---|---|---|---|---|---|---|
||||||funds|Total|Total|
||||||General|2022|2021|
|||||||6|6|
|Investment|management||costs;|||||
|Fees paid to investment|||manager||300,444|300,444|185,863|
|Fees for|obtaining|investment||advice|51648|51648||
||||||352,092|352,092|185,863|
##
##
##
|||Unrestricted|||
|---|---|---|---|---|
|||funds|Restricted|Total|
|||General|funds||
|||8|8||
|Payment|ofgrants|1,532,742|782,728|2,315,470|
|Support|Costs|184,253||184,253|
|||1,716,995|782.728|2,499.723|
|||Unrestricted|||
|||funds|Restricted|Total|
|||General|funds|2021|
|||R|8|8|
|Payment|ofgrants|1,224,316|487.453|1,711.769|
|Support|Costs|261,479||261,479|
|||1,485,795|487,453|1,973,248|
|||Grant|Activity||
|||funding of|support||
|||activity|costs||
|||8|8||
|Payment|ofgrants|2,315,470||2,315,470|
|Support|costs||184,253|184,253|
|||2,315,470|184.253|2,499.723|
|||Grant|Activity||
|||funding of|support||
|||activity|costs|2021|
|||R|8||
|Payment|ofgrants|1,711,769||1,711.769|
|Support|costs||264 476|261,479|
|||1,711,769|261,479|1,973,248|
##
##
##
##
||||Other|||
|---|---|---|---|---|---|
|||Governance|support|Total|Total|
|||costsf|costsf|2022f|2021f|
|Wages and Salaries|||71,984|71.984|119,696|
|Depreciation|||854|854|1,203|
|Rent and rates|||33,230|33.230|30,927|
|Insurance|||2,437|2,437|4,827|
|Motor and travel|||1,497|1,497|311|
|Office costs|||2,076|2,076|1,776|
|IT Maintenance|and repairs||15,933|15,933|15,431|
|Education
and training|||||8,236|
|Legal and professional|||47,319|47,319|62,397|
|Bank charges|||185|185|138|
|Sundry expenses|||1,D68|1,068|137|
|Governance
costs||7,94D||7,940|16,40D|
|||7,940|176,583|184,523|261,479|
##
|Governance costs||||
|---|---|---|---|
||Unrestricted|||
||funds|Total|Total|
||General
f|2022f|2021f|
|Audit fees||||
|Audit ofthe financial statements|7,658|7.658|16,328|
|Trustees meeting costs|282|282|72|
||7,940|7.940|16,400|
|9|Net Incornlngfoutgolng
resources|
|---|---|
|Net|incoming/(outgoing)
resources for the year include:|
|||2022f|2021f|
|---|---|---|---|
|Audit fees||7.658|16,328|
|Depreciation|offixed assets|854|1,203|
##
##
##
##
##
|11Staff costs||||
|---|---|---|---|
|The aggregate|payroll costs were as follows:|||
|||2022f|2021f|
|Staff costs during the year were:||||
|Wages and salaries||67,715|111,434|
|Axial security|costs|3,148|4,744|
|Pension costs||1121|3313|
|||71,984|119,696|
##
|||||2022f|2021f|
|---|---|---|---|---|---|
|Audit|ofthe|financial|statements|7,658|16,328|
##
##
##
##
|14Tangible fixed assets|||||
|---|---|---|---|---|
||Furniture|and|Computer||
||fittings||equipment|Total|
||||6|6|
|Cost|||||
|At 1 April 2021|11,621||54,439|66,060|
|At 31 March 2022|11,621||54,439|66,060|
|Depreciation|||||
|At 1 April 2021|11,146||51,811|62,957|
|Charge for the year||66|788|854|
|At 31 March 2022|11,212||52,599|63,811|
|Net book value|||||
|At 31 March 2022||409||2,249|
|At 31 March 2021||475|2,628|3,103|
|15Fixed asset Investments|||||
##
|Investments||||
|---|---|---|---|
||Listed|Cash held for||
||investments|investment|Total|
||r.||6|
|Cost orValuation||||
|At 1 April 2021|59,992,976|1.791,341|61,784,317|
|Additions|14,439,374|1,161,533|15,600,907|
|Disposals|(15,910,297)||(15,910,297)|
|Revaluation|5,810,115||5,810,115|
|At 31 March 2022|64 332168|2652 824|61285642|
|Net book value||||
|At 31 March 2022|64,332,168|2,952,874|67,285,042|
|At 31 March 2021|59,992,976|1,791,341|61,764,317|
##
##
##
|16Debtors||||
|---|---|---|---|
|||2022|2021|
|||6|6|
|Prepayments||15.416|5,096|
|Accrued income||222,062|133,504|
|Other debtors||1D,3DD|6,394|
|||247,8DD|144,994|
|17Creditors: amounts|falling due within one year|||
|||2022|2021|
|Other taxation and social security||1,690|2,697|
|Other creditors - grants|payable|3.000||
|Acxruals||92387|99877|
|||97,277|93,574|
##
##
|2022|2021|
|---|---|
||6|
|15,120|15,120|
##
|grants e|xpenditure:|||
|---|---|---|---|
|||2022|2021|
||||6|
|Payable|next year|507.643|424,200|
|Payable|in 2years|26D,246|124,00D|
|Payable|In 3years|22,0DD|7,00D|
|||769.669|555,200|
##
##
##
|19Funds|||||||
|---|---|---|---|---|---|---|
|||Balance at|||Other|Balance at|
|||1April
202i|Incoming
resources|Resources
expended|recognised
gainsf(losses)|31 March
2022|
|||8|E|6|E|6|
|Unrestricted|funds||||||
|General||54.126.738|2,161,580|(2.069.357)|4,966,538|59.205.499|
|Restricted|funds||782,728|(782,728)|||
|Endowment|funds||||||
|Endowment|funds|8,939,572|||823,577|9,763,149|
|Total funds||63,066,310|2,944,308|~2,852,085|5,810,115|68,968,648|
|||Balance at|||Other|Balance at|
|||1April|Incoming|Resources|recognised|31 March|
|||2020|resources|expended|gain sf(losses)|2021|
||||r.|8||8|
|Unrestricted|funds||||||
|General||44,170.889|1,470,782|(1.671,658)|10,156,725|54,126.738|
|Restricted|funds||487,453|(487.453)|||
|Endowment|funds||||||
|Endowment|funds|7268290|||1671282|8939572|
|Total fiunde||51,439,179|1,958,235|~2,759,177|11,828,007|63,066,310|
##
##
##
##
|||Unrestricted|Endowment|Tots Ifunds|
|---|---|---|---|---|
|||funds|funds|at 31 March|
|||General|Permanent|2022|
|||R|0|6|
|Tangible|fixed assets|2,249||2,249|
|Fixed asset investmenis||57,521,893|9,763,149|67,285,042|
|Current
Current|assets
liabilities|1,778,634
~97277,||1,778.634
~97277,|
|Total net assets||59,205,499|9.763.149|68,968.648|
|||Unrestricted|Endowment|Tote Ifunds|
|||funds|funds|at 31 March|
|||General|Permanent|2021|
||||0||
|Tangible|fixed assets|3,1D3||3,103|
|Fixed asset investments||52,844,745|8.939,572|61,784.317|
|Current
Current|assets
liabilities|1,372,464
~93,574||1,372,464
~93574,|
|Total net assets||54,126,738|8,939,572|63,066,31D|
##
##
##
|21 Analysis
ofnet funds||||
|---|---|---|---|
||AI1 April|Financing|At 31 March|
||2021|cash flows|2022|
||6|6|6|
|Cash at bank snd in hand|1,227,47D|3D3,364|1,53D,834|
|Net funds|1,227,47D|3D3,364|1,53D,834|
||At 1 April|Financing|At 31 March|
||2020|cash flows|2021|
|Cash at bank and in hand|6
1.260,662|~63.492|s
1,227.470|
|Net funds|1,280,662|(53,192)|1,227,470|
##