| Trustees | Mr. Simon | Barrett | ||||
|---|---|---|---|---|---|---|
| Mr Matthew | Downing | |||||
| Mrs Alison | Fleming | |||||
| Mr StetTen | Goelkel (appointed | 20 September 2021) | ||||
| Mrs Rebecca McClellan | (resigned 20 September 2021) | |||||
| Mr. Farhaan | Walji | |||||
| Dr. Farouk | Walji | |||||
| Charity | number | 1013843 | ||||
| Charity's | office | 31Dalebury | Road | |||
| London | ||||||
| SW17 7HQ | ||||||
| Independent | examiner | LB.IGein &Partners | ||||
| Chartered Certified Accountants |
||||||
| 107-109Great Portland | Street | |||||
| London | ||||||
| W1w 6QG | ||||||
| Bankers | Barclays Bank Pic | |||||
| 1 Churchill | Place | |||||
| London | ||||||
| E145HP |
| PAGE NO | ||
|---|---|---|
| Trustees' Report | 1-2 | |
| Independent examiner's report |
||
| Statement offinancial activities | ||
| Balance Sheet | ||
| Notes to the financial statements | 6-8 | |
| The following page does not form |
part ofthe financial statements | |
| Detailed income and expenditure | account |
| Unrestricted | Restricted | 2021 | 2020 | |||
|---|---|---|---|---|---|---|
| Funds | Funds | Total Funds | Total Funds | |||
| Notes | ||||||
| INCOMING RESOURCES | ||||||
| Voltintary Incoine |
11,312 | 151,610 | 162,922 | 242,723 | ||
| Investment income | ||||||
| Interest/dividends | 1,723 | 5,664 | 7,387 | 8,989 | ||
| TOTAL INCOME RESOURCES | 13,035 | 157,274 | 170,309 | 251,712 | ||
| RESOURCES EXPENDED | ||||||
| Costs ofcharitable activities |
3 | 31,845 | 151,610 | 183,455 | 272,486 | |
| Governance costs |
4 | 420 | 0 | 420 | 420 | |
| Investment management fees |
3 | 346 | 1,143 | 1,489 | 1,378 | |
| TOTAL RESOURCES EXPENDED | 32,611 | 152,753 | 185,364 | 274,284 | ||
| Net incoming (deficit)/resources |
before | |||||
| transfers between funds |
(19,576) | 4,521 | (15,055) | (22,572) | ||
| Gross transfers between funds |
||||||
| Net (outgoing)/incoming resources |
before | |||||
| other recognised gains and losses |
(19,576) | 4,521 | (15,055) | (22,572) | ||
| Realised and unrealised gains and |
losses | |||||
| on investment assets |
53,893 | 177,806 | 231,699 | 92,802 | ||
| NET MOVEMENT IN FUNDS | 34,317 | 182,327 | 216,644 | 70,230 | ||
| RECONCILIATION OF FUNDS |
||||||
| FUNDS AT BEGINNING OF YEAR | 460,248 | 1,412,126 | 1,872,374 | 1,802,144 | ||
| FUNDS AT END OF YEAR | 494,565 | 1,594,453 | 2,089,018 | 1,872,374 |
| Unrestricted | Restricted | 2021 | 2020 | |||
|---|---|---|---|---|---|---|
| Funds | Funds | Total Funds | Total Funds | |||
| Notes | ||||||
| Fixed assets | ||||||
| Tangible assets |
||||||
| Current assets |
||||||
| Investments | 478,281 | 1,594,453 | 2,072,734 | 1,836,461 | ||
| Debtors | 6,645 | 80,249 | 86,894 | 62,346 | ||
| Cash at bank and in | hand | 10,889 | 0 | 10,889 | 26,650 | |
| 495,815 | 1,674,702 | 2,170,517 | 1,925,457 | |||
| Current Liabilities | ||||||
| Creditors: amounts | falling due | |||||
| within one year | 7 | (1,250) | (80,249) | (81,499) | (53,083) | |
| Net current assets | 494,565 | 1,594,453 | 2,089,018 | 1,872,374 | ||
| Net assets | 494,565 | 1,594,453 | 2,089,018 | 1,872,374 | ||
| The Funds ofthe Charity | ||||||
| Unrestricted funds |
494,565 | 0 | 494,565 | 460,248 | ||
| Endowment fund |
10,11 | 0 | 1,594,453 | 1,594,453 | 1,412,126 | |
| Total Charity funds | 494,565 | 1,594,453 | 2,089,018 | 1,872,374 |
| Unrestricted | Restricted | 2021 | 2020 | |||||
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Total Funds | Total Funds | |||||
| Bursary awards | 31,845 | 151,610 | 183,455 | 272,486 | ||||
| Support costs | (note 4) | 420 | 0 | 420 | 420 | |||
| Investment | management | fees | 346 | 1,143 | 1,489 | 1,378 | ||
| 32,611 | 152,753 | 185,364 | 274,284 | |||||
| 4. | Governance | Costs | ||||||
| Unrestricted | Restricted | 2021 | 2020 | |||||
| Funds | Funds | Total Funds | Total Funds | |||||
| Independent | Examiners' | Fees | 420 | 0 | 420 | 420 | ||
| 420 | 420 | 420 | ||||||
| 5 | Investments | |||||||
| Unrestricted | Restricted | 2021 | 2020 | |||||
| Funds | Funds | Total Funds | Total Funds | |||||
| Quoted investments | 478,281 | 1,594,453 | 2,072,734 | 1,836,461 | ||||
| Cash at bank | 10,889 | 0 | 10,889 | 26,650 | ||||
| 489,170 | 1,594,453 | 2,083,623 | 1,863,111 |
| 6 | Debtors | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | 2021 | 2020 | |||
| Funds | Funds | Total Funds | Total Funds | |||
| Due within | one year | |||||
| Grants due | 6,645 | 80,249 | 86,894 | 62,346 | ||
| 6,645 | 80,249 | 86,894 | 62,346 |
| Unrestricted | Restricted | 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Total Funds | Total Funds | ||||||
| Grants payable | 0 | 80,249 | 80,249 | 51,833 | |||||
| Accruals and | deferred | income | 1,250 | 1,250 | 1,250 | ||||
| 1,250 | 80,249 | 81,499 | 53,083 | ||||||
| 8 | Analysis ofnet assets | between | funds | ||||||
| Unrestricted | Restricted | 2021 | 2020 | ||||||
| Funds | Funds | Total Funds | Total Funds | ||||||
| Investments | 478,281 | 1,594,453 | 2,072,734 | 1,836,461 | |||||
| Cash at bank | and in hand | 10,889 | 0 | 10,889 | 26,650 | ||||
| Other net current assets | 5,395 | 0 | 5,395 | 9,263 | |||||
| 494,565 | 1,594,453 | 2,089,018 | 1,872,374 | ||||||
| 9 | Unrestricted | funds | |||||||
| Opening | Voluntary & |
Funds | Funds | Closing | |||||
| Balance | Investment Income |
Expended | Transferred | Balance | |||||
| General funds | 460,248 | 66,928 | (32,611) | 494,565 | |||||
| 10 | Endowment | funds | |||||||
| Opening | Investment | Funds | Funds | Closing | |||||
| Balance | Income &Gains | Expended | Transferred | Balance | |||||
| K | |||||||||
| General | 1,412,126 | 335,080 | (152,753) | 0 | 1,594,453 | ||||
| 1,412,126 | 335,080 | (152,753) | 0 | 1,594,453 | |||||
| 11 | Restricted funds | ||||||||
| Transfer to | |||||||||
| Opening | Investment | Receipt/ | Unrestricted | Closing | |||||
| Balance | Income | (Expenditure) | Funds | Balance | |||||
| g | |||||||||
| 1,412,126 | 177,806 | 4,521 | 0 | 1,594,453 | |||||
| Endowment | 1,412,126 | 177,806 | 4,521 | 0 | 1,594,453 |
| 2021 | 2020 | ||
|---|---|---|---|
| INCOME RESOURCES | |||
| Donations —Newton Enterprises |
Limited | 151,610 | 228,640 |
| Donations - other | 0 | 0 | |
| Donations from PTA and parents |
11,312 | 14,083 | |
| Gross income | 162,922 | 242,723 | |
| Interest /dividends | 7,387 | 8,989 | |
| Realised/Unrealised Gain on Quoted Investments |
231,699 | 92,802 | |
| TOTAL INCOME | 402,008 | 344,514 | |
| RESOURCES EXPENDED | |||
| Scholarship awards and costs |
184,944 | 273,864 | |
| Audit fees | 420 | 420 | |
| TOTAL EXPENDITURE | 185,364 | 274,284 | |
| EXCESSOF INCOME OVER | |||
| EXPENDITURE FOR THK YEAR | 216,644 | 70,230 |