2022-03-31-accounts - Edith Murphy Foundation

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

		Page
Charity information
Trustees' report
Independent Auditor's	report
Statement of financial	activities
Balance sheet
Statement of Cash Flows
Accounting policies		10
Notes to the financial	statements	12

									2022	2021
							Unrestricted	Restricted	Total	Total
							Funds	Funds	Funds	Funds
						Note	f		f	E
INCOME AND ENDOWMENTS			FROM:
Investments							548,448	14,347	562,795	592,503
Total							548,448	14,347	562,795	592,503
EXPENDITURE ON:
Raising funds - Investment		management		fees			165,644	4,329	169,973	169,341
Charitable activities							1,202,434	13,532	1,215,966	855,885
Total							1,368,078	17,861	1,385,939	1,025,226
Net income/(expenditure)		before	investment		gains/(losses)		(819,630)	(3,514)	(823,144)	(432,723)
Net gains/(losses)	on investment		assets				759,587	19,526	779,113	4,849,796
Net income/(expenditure)							(60,043)	16,012	(44,031)	4,417,073
Transfers between	funds					12,13
Net movement In	funds						(60,043)	16,012	(44,031)	4,417,073
RECONCILIATION	OF FUNDS
Total funds brought	forward					12 13	36,267,549	929,965	37,197,514	32,780,441
Total funds carried forward						12 13	36,207,506	945,977	37,153,483	37,197,514

				2022		2021
			Note
FIXEDASSETS
Investments - managed	funds			36,054,582		36,475,159
Total fixed assets					36,054,582		36,475,159
CURRENT ASSETS
Debtors			9
Current asset investment			10
Cash at hand and in bank				1,219,874		792,802
Total current assets				1,219,874		792,802
CURRENT LIABILITIES
Creditors: amounts falling		due within one year		120,973		70,447
Net current assets/(liabilities)					1,098,901		722,355
Total assets less current		liabilities			37,153,483		37,197,514
Creditors: amounts falling		due aRer more than one year
Total assets/(liabilities)					37,153,483		37,197,514
THE FUNDS OF THE CHARITY
Restricted funds			12 13		945,977		929,965
Unrestricted funds			12 13		36,207,506		36,267,549
Total charity funds					37,153,483		37,197,514

					2022	2021
				Note
Net cash flow from operating		activities (see below)			(1,335,41 3)	(1,212,040)
Cash flow from Investing	activities
Investment income					562,795	592,503
Movement on current asset investments						500,000
Cash inflows from foreign		exchange				(829)
Proceeds from sale of	investments				21,306,744	25,454,440
Purchase of investments					(20,107,054)	(27,037,394)
Net cash flow from investing		activities			1,762,485	(491,280)
Net increase/(decrease) in cash and			cash equivalents		427,072	(1,703,320)
Cash and cash equivalents	brought		forward		792,802	2,496,122
Cash and cash equivalents	carried		forward		1,219,874	792,802
Cash and cash equivalents	consist		of:
Cash at bank and in hand					1,219,874	792,802
Cash and cash equivalents	carried forward				1,219,874	792,802
Reconciliation of net income		to net	cash flow from operating	activities
					2022	2021
Net income for the year					(44,031)	4,417,073
Adjusted for:
Investment income					(562,795)	(592,503)
(Gain)/Loss on investments					(779,113)	(4,849,796)
Decrease/(increase) in	debtors					12,369
Increase/(decrease) in	creditors				50,526	(199,183)
					(1,291,382)	(5,629,113)
					(1,335,41 3)	(1,212,040)
Analysis ofchanges in net debt
					2022	2021
					Cash and cash	Cash and cash
					equivalents	equivalents
						f.
Total net debt brought forward					792,802	2,496,122
Cash flows					427,072	(1,703,320)
Total net debt carried forward					1,219,874	792,802

										2022			2021
							Unrestricted		Restricted	Total	Unrestricted	Restricted	Total
								Funds	Funds	Funds	Funds	Funds	Funds
								f	f	f	f	f.	f
Income	from	investments						547,131	14,337	561,468	576,604	14,985	591,589
Interest	on cash		deposits			and balances		1,317	10	1,327	898	16		914
								548,448	14,347	562,795	577,502	15,001	592,503
2.Raising funds - Investment							management	charges
										2022			2021
							Unrestricted		Restricted	Total	Unrestricted	Restricted	Total
								Funds f	Funds f	Funds	Funds f	Funds f	Fundsf
Fees paid to		investment				managers		165,644	4,329	169,973	165,047	4,294	169,341
								165,644	4,329	169,973	165,047	4,294	169,341
3.Charitable		activities
										2022			2021
							Unrestricted		Restricted	Total	Unrestricted	Restricted	Total
								Funds	Funds	Funds	Funds	Funds	Funds
								f		f		f	f
Grants	(see note		6)					1,103,246	13,500	1,116,746	766,446	28,000	794,446
Grants	written	back									(30,000)		(30,000)
Governance		costs (see			note 4)			99,188	32	99,220	89,286	2,153	91,439
								1,202,434	13,532	1,215,966	825,732	30,153	855,885
4.Governance			Costs
										2022			2021
							Unrestricted		Restricted	Total	Unrestricted	Restricted	Total
								Funds	Funds	Funds	Funds	Funds	Funds
								f	f	f	f	f	f
Administrative		services			(Coutts)			1,196	32	1,228	84,431	2,153	86,584
Administrative		services			(Ludlow)			90,602		90,602
Trustee	expenses							2,466		2,466
Sundry	expenses							124		124	55			55
Independent		auditor's		remuneration				4,800		4,800	4,800		4,800
								99,188	32	99,220	89,286	2,153	91,439
5.Independent			auditor's			remuneration
										2022			2021
							Unrestricted		Restricted	Total	Unrestricted	Restricted	Total
								Funds	Funds	Funds	Funds	Funds	Funds
								f	f	f			f
Auditor's	remuneration				- Audit			4,800		4,800	4,800		4,800
								4,800		4,800	4,800		4,800

6.Grants to	institutions
						2022			2021
				Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
				Funds	Funds	Funds	Funds	Funds	Funds
				E		f	f	f	f
Animals
Galapagos Conservation		Trust					10,000		10,000
Other grants Unrestricted	under E10,000. 12(2021:8)			43,825		43,825	24,663		24,663
				43,825		43,825	34,663		34,663
Children
Healing Little Hearts				20,000		20,000	20,000		20,000
NSPCC				10,000		10,000
Street Child				10,000		10,000
The Duke of	Edinburgh	Award					10,000		10,000
Tommy's				20,000		20,000
Whizz-Kidz							10,000		10,000
Young Lives	vs Cancer	(CLIO Sargent)		10,000		10,000
Other grants	under f10,000.
Unrestricted	22 (2021:18),			81,301	3,500	84,801	71,978		71,978
Restricted 1	(2021:0)
				151,301	3,500	154,801	111,978		111,978
Disabled
Natural History Museum							15,000		15,000
Horsley, Bookham &Leatherhead			RDA	10,000		10,000
Stroke Association							10,000		10,000
Other grants Unrestricted	under E10,000. 14(2021:7)			51,700		51,700	26,500		26,500
				61,700		61,700	51,500		51,500
Education
De Monffort University							15,000		15,000
Leicestershlre	Cares			50,000		50,000	50,000		50,000
Other grants Unrestricted	under E10,000. 6 (2021:8)			17,200		17,200	16,330		16,330
				67,200		67,200	81,330		81,330
Heritage
Holy Cross Priory, Leicester							25,000		25,000
Leicester Cathedral							25,000		25,000
Leicester Grammar School, Organ Appeal				15,000		15,000
Leicestershire	Historic Churches		Trust	10,000		10,000
Mountsorrel &Rothley Community Heritage Centre				10,000		10,000
Natural History Museum				30,000		30,000
The British Museum							12,000		12,000
Other grants	under E10,000.
Unrestricted	3(2021:7),			15,000		15,000	30,000		30,000
Restricted 0	(2021:0)
				80,000		80,000	92,000		92,000
Carried down				404,026	3,500	407,526	371,471		371,471

					2022			2021
			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			Funds	Funds	Funds	Funds	Funds	Funds
				f	f	R
Brought down			404,026	3,500	407,526	371,471		371,471
Research
Age UK			30,000		30,000	30,000		30,000
British Heart Foundation			10,000		10,000
Cancer Research UK			10,000		10,000
De Montfort University —Artificial Pancreas Project			65,000		65,000
Evelina London Children's (Guy's and St Thomas' )		Hospital	10,000		10,000
Hope Against Cancer						25,000		25,000
Institute ofCancer Research						15,000		15,000
St Marks Foundation			60,000		60,000	30,000		30,000
Stroke Association			30,000		30,000
Target Ovarian Cancer (2 grants)			30,000		30,000
Other grants under E10,000. Unrestricted 4 (2021:1)			20,000		20,000	5,000		5,000
			265,000		265,000	105,000		105,000
Welfare
Age UK Leicester Shire & Rutland			25,000		25,000
Build It International						20,000		20,000
CLIC Sargent Cancer Care		for Children				10,000		10,000
Combat Stress			10,000		10,000	10,000		10,000
Flagship Bulwark							10,000	10,000
Leicester Cathedral			25,000		25,000
Leicester Hospitals Charity— Chemotherapy Suite			50,000		50,000
London's Air Ambulance	Charity		10,000		10,000
LORDS						15,000		15,000
Maggies			15,000		15,000
Motor Neurone Disease Association			15,000		15,000	15,000		15,000
North London Hospice			12,000		12,000
Northampton Saints Foundation			10,000		10,000
Prison Advice and Care Trust (PACT)			10,000		10,000
Southrepps Music Festival			10,000		10,000
Other grants under f10,000.
Unrestricted 57(2021:51),			242,220	10,000	252,220	219,975	18,000	237,975
Restricted 2 (2021:7)
			434,220	10,000	444,220	289,975	28,000	317,975
			1,103,246	13,500	1,116,746	766,446	28,000	794,446

							2022			2021
					Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
					Funds	Funds	Funds	Funds	Funds	Funds
						f	f	f	f
Short term	cash deposits
11.Creditors:		amounts		falling due	within one year
							2022			2021
					Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
					Funds f	Funds f	Funds	Funds f	Funds f	Fundsf
Grant creditors					50,000		50,000	62,000		62,000
Independent	auditor's fees				4,800		4,800	4,800		4,800
Trustee expenses
Investment	management				42,556	1,120	43,676	2,353	61	2,414
Administrative		services			22,497		22,497	1,202	31	1,233
Liabilities between			funds		1,709
					121,562	(589)	120,973	70,355	92	70,447

							2022			2021
					Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
					Funds	Funds	Funds	Funds	Funds	Funds
					f	f	f	f	f
Fixed assets					35,127,979	926,603	36,054,582	35,551,027	924,132	36,475,159
Current Current	assets liabilities				1,201,089 (121,562)	18,785 589	1,219,874 (12D,973)	786,877 ~70,355	5,925 (92)	792,802 (70,447)
					36,207,506	945,977	37,153,483	36,267,549	929,965	37,197,514
13.Analysis		of net	movements	In funds
							Year ended	31 March 2022
					Total funds			Net	Transfers	Total funds
					brought			gains/(losses)	between	carried
					forward	Income	Expenditure f	on Investments f	funds f	forward f
Restricted funds
Holly Hayes		Capital	fund		927,716		(4,361)	19,526	(1,700)	941,181
Holly Hayes		Income	fund		2,249 929,965	14,347 14,347	(13,500) ~(7,86()	19,526	1,700	4,796 945,977
Unrestricted		funds
General	fund				36,267,549	548,448	~((,368,078	759,587		36,207,506
					36,267,549	548,448	(1,368,078)	759,587		36,207,506
					37,197,514	562,795	(1,385,939)	779,113		37,153,483

income and expense	income and expense
Financial assets	measured	at	fair value through	net income/(expenditure)
Investment Investment	income management		fees		561,468 (169,973)	591,589 ~(169,34(
					391,495	422,248

15.Comparative Statement	15.Comparative Statement	Financial	Financial	Activities
								2021
						Unrestricted	Restricted	Total
						Funds	Funds	Funds
					Note		f	f
INCOME AND ENDOWMENTS		FROM:
Investments						577,502	15,001	592,503
Total						577,502	15,001	592,503
EXPENDITURE ON:
Raising funds - Investment	management		fees			165,047	4,294	169,341
Charitable activities						825,732	30,153	855,885
Total						990,779	34,447	1,025,226
Net income/(expenditure)	before	investment		gains/(losses)		(413,277)	(19,446)	(432,723)
Net gains/(losses) on investment		assets				4,727,529	122,267	4,849,796
Net Income/(expenditure)						4,314,252	102,821	4,417,073
Transfers between funds					12 13
Net movement In funds						4,314,252	102,821	4,417,073
RECONCILIATION OF FUNDS
Total funds brought forward					12,13	31,953,297	827,144	32,780,441
Total funds carried forward					12,13	36,267,549	929,965	37,197,514