| ACCOUNTS | Report ofthe | trustees | Pages | 2-5 |
|---|---|---|---|---|
| Independent | auditor's report to the trustees | Pages | 6-9 | |
| Statement of | financial activities | Page | 10 | |
| Balauce sheet | Page | 11 | ||
| Statement of | cashflows | Page | 12 | |
| Notes to the financial statements | Pages | 13-19 |
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| funds | 2021 | 2020 | |||
| Income and endowments | from: | ||||
| Donations and grants | (3) | 487,213 | 487,213 | 536,329 | |
| Investment income and |
interest | 31 | |||
| Total income | 487,213 | 487,213 | 536,360 | ||
| Expenditure on: |
|||||
| Charitable activities |
(4) | 109,506 | 109506 | 8,172 | |
| Other expenditure /(income) |
(5) | 34,651 | 34,651 | 57,670 | |
| Total expenditure | 144,157 | 144,157 | 65,842 | ||
| Net income/(expenditure) | 343,056 | 343,056 | 470,518 | ||
| Net gains on disposal of | investments | 221,220 | |||
| Net movements in funds |
343,056 | 343,056 | 691,738 | ||
| Reconciliation offunds: | |||||
| Total funds brought forward | 8,680,543 | 8,680,543 | 7,988,805 | ||
| Total funds carried forward | E9,023,599 | f.9,023,599 | F.8,680,543 |
| BALANCE SHEET AT5APRIL | 2021 | |||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Fixed assets | ||||
| Investments | 9,603,957 | 9,603,957 | ||
| Current assets | ||||
| Cash at bank and on deposit | 506,689 | 318,957 | ||
| Creditors: amounts falling due | ||||
| within one year | (8) | (87,047) | (242,371) | |
| Net current (liabilities)/assets | 419,642 | 76,586 | ||
| Net assets less current IiabiTities | 10,023,599 | 9,680,543 | ||
| Creditors: amounts falling due | ||||
| after one year | (9) | (1,000,000) | (1,000,000) | |
| Net assets | E9,023,599 | E | 8,680,543 | |
| Funds | ||||
| Restricted | (1) | |||
| Unrestricted | (1) | 9,023599 | 8,680,543 | |
| Total funds | 9,023,599 | 68,680443 |
| Notes | 2021 | 2020 | |||
|---|---|---|---|---|---|
| Cash flows from operating activities |
|||||
| Net cash provided by operating acdvities |
187,732 | 302,645 | |||
| Cash flows froxn investing activities |
|||||
| Dividends and interest from investments |
31 | ||||
| Payments to acquire investments | (1,168,106) | ||||
| Proceeds on disposl ofinvestments | 1,188,379 | ||||
| Net cash used in investing activities |
9,696 | ||||
| Change in cash and cash equivalents | in the year | 187,732 | 292,948 | ||
| Cash and cash equivalents at the beginning |
ofthe | 318.957 | 26;009 | ||
| year | |||||
| Cash and cash equivalents at the end |
ofthe | year | 16 | 506,689 | 318,957 |
| 3. | Incomin resources - donations |
Incomin resources - donations |
2021 | 2020 | ||
|---|---|---|---|---|---|---|
| Donations from related entities |
f487,213 | L536,329 | ||||
| 4. | Direct charitable. ex enditure | |||||
| 2021 | 2~00 | |||||
| Imperial college London | 50,000 | |||||
| The PCC Ofthe Charltons-St | Mary the virgin Church | 27,000 | ||||
| Aurora Humanatarian Aid |
15,234 | |||||
| NHS Support during Covid-19 | 10,651 | |||||
| Mercy and Health | 5,621 | |||||
| Urology Cancer Research and | Education | 1,000 | ||||
| Future Talent | 7,922 | |||||
| Grant ofless than f5,000 | 250 | |||||
| f, '109,506 |
E8,172 | |||||
| 5. | Other ex endituie | 2021 | 2020 | |||
| Independent auditor's report |
3,676 | 2,400 | ||||
| Financial charges and interest | 55 | 1,822 | ||||
| Printing, postage and stationery | 150 | 4,967 | ||||
| Foreign exchange losses | 30,770 | 48,481 | ||||
| E34,651 | 657,670 | |||||
| 6. | Avera enumberof em lo ees |
|||||
| During the year, the Foundation | had no.employees | (2020:nil). |
| Investment in a |
Other | |||
|---|---|---|---|---|
| Private company | Investments | Total | ||
| E | ||||
| Cost at 6April 2020 | 350,000 | 9,253,957 | 9,603,957 | |
| Addition ofunlisted investment | at cost | |||
| Disposal proceeds | ||||
| Unrealised net gain |
||||
| Cost at5April 2021 | E350,000 | L9,253,957 | E9,603,957 |
| THE YEA | R ENDE | D 5AP | RIL 2021 CONTINUED | ||
|---|---|---|---|---|---|
| Credi ors: | amounts | fallin | due | ||
| with ha | 2021 | 2020 | |||
| Accruals | 2.371 | 2.371 | |||
| Other creditors | 24,676 | ||||
| Grant commitments | 60,000 | 240,000 | |||
| 687,047 | f,'242371 | ||||
| Creditors: | amounts | fallin | due | ||
| hatt r a |
ar | 2021 | 2020 | ||
| Grant commitments | due greater than five years | 61,000,000 | E1,000,000 |
| 15. | Reconciliation ofnet income | Reconciliation ofnet income | ex enditure | to net cash flow from o eratin activities |
to net cash flow from o eratin activities |
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Net income/(expenditure) | |||||
| Net cash provided by operating |
activities | 343,056 | 691,738 | ||
| Cash flows from investing | activities | ||||
| Dividends and interest from investments |
(31) | ||||
| Gains on investments | (221,220) | ||||
| Decrease in debtors | 12/158 | ||||
| Decrease in creditors | 155,324 | 180,000 | |||
| Net cash used in investing | activities | 187,732 | 302,645 | ||
| 16. | Anal sis ofcash and cash e uivalents |
||||
| 2021 | 2020 | ||||
| E | |||||
| Cash at bank | 506,689 | 318,957 | |||
| Total cash equivalents | 506,689 | 318,957 |