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|Trustees||Ms Leila Brown|Ms Leila Brown||||
|---|---|---|---|---|---|---|
|||Mrs Mary-Anne|6ribbon||||
|||Mr Tim Seymour|||||
|||Mr David Tennant||(Chairman)|||
|||Mr Mark Sargeantson|||(Appointed|22 March 2022)|
|Charity|number|1007600|||||
|Principal|address|Mrs Lisa Mills|||||
|||24Taylor Way|||||
|||Great Baddow|||||
|||Essex|||||
|||CM2 BZG|||||
|||United
Kingdom|||||
|Auditor||HW Fisher l1P|||||
|||Acre House|||||
|||11-15William|Road||||
|||London|||||
|||NW1 SER|||||
|||United Kingdom|||||
|Bankers||Handelsbanken|||||
|||Sherwood
House|||||
|||5 Bluecoats Avenue|||||
|||Hartford|||||
|||SG141PB|||||
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|---|---|---|---|
|Trustees'report|||1-9|
|Statement of|Trustees'|responsibilities||
|Independent|auditor's|report|7-9|
|Statement of|financial|activities|10|
|Balance sheet||||
|Statement of|cash flows||12|
|Notes to the financial||statements|13 - 20|
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|The|Trustees who served during the year and up to the date ofsignature
ofthe financial statements|Trustees who served during the year and up to the date ofsignature
ofthe financial statements|were:|
|---|---|---|---|
|Ms|Leila Brown|||
|Mrs|Mary-Anne
Gribbon|||
|Mr|Tim Seymour|||
|Mr|Thomas Sheldon|(Resigned 22 March 2022)||
|Mrs|Amanda
Taylor|(Resigned 4June 2022)||
|Mr|David Tennant
(Chairman)|||
|Mr|Mark Sargeantson|(Appointed
22 March 2022)||
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||||||Unrestdicted|Unrestricted|
|---|---|---|---|---|---|---|
||||||funds|funds|
||||||2022|2021|
|||||Notes|6|6|
|Income from:|||||||
|Investments|||||454,105|497,457|
|Total income|||||454,105|497,457|
|Charitable
activities|||||845,323|1,058,291|
|Net Income/(expenditure)|||forthe year||(391,21&)|(560,834)|
|Net gains/(losses)||on investments|||593,850|5,808,418|
|Net movement|in funds||||202,632|5,247,584|
|Fund balances|at|6April|2021||28,233,262|22,962,295|
|Fund balances|at|5April|2022||28,435,894|28,209,879|
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|||||||2022||2021||
|---|---|---|---|---|---|---|---|---|---|
||||||Notes|6||6||
|Fixed assets||||||||||
|Investments|||||10||27,724,788||27.471,832|
|Current assets||||||||||
|Debtors||||||24,319||||
|Cash at bank and in||hand||||772,051||805,590||
|||||||796,370||805,590||
|Creditors: amounts||faglng due within one year|||12|(85,264)||(67,543)||
|Net current assets|||||||711,106||738,047|
|Total assets less current|||gabilgdes||||28,435,894||28,209,879|
|Income funds||||||||||
|Dnrestdcted|funds||||||28,435,894||28,209,879|
||||||||28,435,894||28,209,879|
|The financial|statements||were approved|by the|Trustees on....5..'..1~..'.|||||
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|||||||2022|||2021||
|---|---|---|---|---|---|---|---|---|---|---|
|||||Notes||||f|||
|Cash flows from operating|activities||||||||||
|Cash absorbed
by operations||||14|||(851,921)|||(1,035,075)|
|Investing activities|||||||||||
|Cash withdrawn
from/ (transferred||to)|investment||||||||
|portfolio|||||818,382|||795,603|||
|Net cash generated
from|investing|activities|||||818,382|||795,603|
|Net cash used in financing|activities||||||||||
|Net decrease in cash and|cash equivalents||||||(33,539)|||(239,472)|
|Cash and cash equivalents|at beginning||ofyear||||805,590|||1,045,062|
|Cash and cash equivalents|at end ofyear||||||772,051|||805,590|
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||||Welfare and|Welfare and|
|---|---|---|---|---|
||||education|education|
||||2022|2021|
||||f||
|Bank charges|||840|1,009|
|Accountancy|||15,025|22,728|
|Office expenses|||643|227|
|Administrative|fees||30,865|29,733|
|Travel and subsistence|||914|110|
|Insurance|||483||
|Sundry expenses|||194|128|
|Website costs||||164|
||||48,964|54,099|
|Grant funding ofactivities (see note 5)|||778,038|990,842|
|Share ofgovernance||costs (see note 6)|18,321|13,350|
||||845,323|1,058,291|
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|5|Grants payable|||||||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|||||||E|E|
||Grants to institutions:|||||||
||Ablestay|||||10,000||
||African Gifted foundation|||||50,000||
||Aldeburgh
Cinema Trust|||||(24,319)||
||Alexandra
Education Committee|||||13,436|13,741|
||Amathuba
Foundation|||||27,046|10,122|
||Children
on the Edge|||||17,000|12,000|
||Cirdan Sailing Trust|||||15,000|25,000|
||Clifton Preparatory
School|||||75,606|87,473|
||Cordwalles
Preparatory|School||||81,397|89,210|
||Ellen MacArthur
Cancer|Trust||||15,000|15,000|
||Envision|||||10,000|10,000|
||Fellowship
Afloat||||||20,000|
||Friends ofTsiba DK|||||14,895|24,175|
||Green Light Trust|||||15,000|25,000|
||Gresham
College Trust|||||27,000|11,500|
||Ikamva Youth|||||7,660|15,343|
||Masiphumelele
Trust||||||10,000|
||National
Youth Ballet|||||10,000|10,000|
||Oriel College Development||Trust|||91,707|116,417|
||Physics Partners||||||65,000|
||Pinotage Youth Development|||Academy||8,362|13,300|
||Pioneer Sailing Trust|||||15,000|15,000|
||Practical Action|||||13,000||
||Protec PMB|||||7,226|38,037|
||Resurge Trust|||||10,500|5,000|
||Seckford Foundation|||||11,887|11,783|
||Suffolk Community
Foundation|||||58,477|60,000|
||The Island Trust|||||15,000|25,000|
||The Sozo Foundation|||||35,982|41,725|
||The Learning Trust|||||51,137|55,271|
||The Vula Programme
at|Hilton||College||33,615|48,161|
||Western Cape Primary Science Programme||||(PSP)|23,909|56,964|
||Winston
Churchill
Memorial||Trust|||10,000|10,633|
||Wordworks|||||13,792|23,411|
||Other grants less than E9,999|||||13,723|26,575|
|||||||778,038|990,841|
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|6|Support costs|Support costs|||||||
|---|---|---|---|---|---|---|---|---|
||||Support costs|Governance|2022|Supportcosts|Governance|2021|
|||||costs|||costs||
||||6|6|||||
||Audit fees|||18,321|18,321||11,520|11,520|
|||||18,321|18,321||11,520|11,520|
||Analysed between||||||||
||Charitable|activides||18,321|1&,321||13,350|13,350|
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|||2022|2021|
|---|---|---|---|
|Revaluation|ofinvestments|577,876|5,777,982|
|Gain on sale|ofinvestments|15,974|30,436|
|||593,850|5,808,418|
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||||||investments|Cash in portfolio|Total|
|---|---|---|---|---|---|---|---|
||||||E||E|
||Cost orvaluation|||||||
||At 6April|2021|||27,279,006|192,826|27,471,832|
||Additions||||84,975||84,975|
||Valuation|changes|||577,876||577,876|
||Movement|in cash||||(818,382)|(818,382)|
||Dividends|and interest received||||454,106|454,106|
||Disposals||||(344,026)|298,407|(45,619)|
||At5 April|2022|||27,597,831|126,957|27,724,788|
||Carrying amount|||||||
||At05 April|2022|||27,597,831|126,957|27,724,788|
||At 05 April|2021|||27,279,006|192,826|27,471,832|
|11|Debtors|||||||
|||||||2022|2021|
||Amounts|falling due|within one year:|||E|E|
||Other debtors|||||24,319||
|12|Creditors:|amounts|falling due within one year|||||
|||||||2022|2021|
|||||||E|E|
||Grants payable|||||50,000|23,381|
||Accruals and deferred|||income||35,264|44,162|
|||||||85,264|67,543|
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|14|Cash generated
from operations|Cash generated
from operations|Cash generated
from operations|2022|2021|
|---|---|---|---|---|---|
|||||6|6|
||Surplus for the year|||202,632|5,247,584|
||Adjustments
for.|||||
||Investment
income|recognised|in statement offinancial activities|(454,105)|(497,457)|
||Gain on disposal of|investments||(15,974)|(30,436)|
||Fair value gains and|losses on investments||(577,876)|(5,777,982)|
||Movements
in working capital:|||||
||(Increase) in debtors|||(24,319)||
||Increase in creditors|||17,721|23,216|
||Cash absorbed
by operations|||(851,921)|(1,035,075)|
|15|Analysis ofchanges|in net funds||||
||The Foundation
had|no debt during the year.||||