Company Registrats'on Numter- 03609638 The Charity Registrath)n Number is :. 1071978 The UKI Charitable Foundation Report and Accounts 31 March 2021
The UKI Charitable Foundation Report and accounts for the year •ndod 31 March 2021 Contsnts Page Charity information Trustees, Annual Report Statement of directors, responsibilitse8 Independent Auditors, Report Funds Statements.'_ Statement of Financial Activities Statement of total recognised gains and losses Movements in funds Income and Expenditure account Balance sheet Cash flow statement Notes to the accounts 10 13 14 15 16 17 18 20
The UKI Charitable Foundation Company Registration Number- 03608 Trustees. Annual Report for the year ended 31 March 2021 The Trustees pres•nl thwr Rèport and Accijurts for Ihe year erKled 31 IAarch 2021, which 81s0 compris¢s the Directors, Report required by the Companies Acl 2006. Referenc8 and administrative details Th• charty nam•. The legal name of the charity i$..- The UKI Chgritabb FoLdatiOn. The charity 18 also known by Operan9 name. The UKI Charitable Foundation. The ¢hartys ar•as op•ratlon and UK clMrltable regtshtion. The charfty 18 reglstered In England & Wales with the Chanty Commission in England & Wales ICGEIAII wNh Gharlty number 1071978. The charty does not operate In any oversea¥ jurisdid1¥. L8gal strueturn of th• ehayity The charity i¥ constilutgd a$ • ¢ompany Mitd by 9uarantèe. ragistor8d under the Companies Acts . The goveming dccumenl of the chanty is the MemoraTrJum and Arlides of Association estbli$hing the ¢ompony uThJer COMnY18g1s1a110n. The goveming document is dated 30 July 1998 Thgrg are no restrictions in the goveming documtrrts on the OFeration of Charty or on its investment powers other than those IMrsed by Chanty Lww. Ely op•ratron ot Iw ali. truste are directorn under tr)e GomwJ A¢t and 011 dir•ctors ar• Iru$l&ès under Chariti•$18gIslatn and have re8pcmsibikn'e8. suth. undgr both ¢ompany and charity legislation. The trusloas are aN individual¥.
The UKI Charltable Foundatlon Company Registrab"on Number- 03609638 Trustees. Annual Report for the year ended 31 March 2021 The principal operating addreu. t•l•phon• number, emal and web addr•gs•8 of the 121 PrincEs Park Avenue London. NW11 OJS, Telephone 020 8455 0100 Email Address '. four4caribes@gmail.com The regist¢r•d offi¢• ofh charity for Ccthpanies Act purposes is the Same os the owratiThJ address shcwn above. Tho Tfu8to04 In office on the dats th• rnport was approv•d w•r•:. Jacob S¢himmel Vorettg Sthimmgl Ajexander S¢hlmmel lappobntsd 27 Octoter 2021) Nathaniel %hIMm lappoint•d 27 October 20211 Th• followlng p•rsoM ••rthl •8 Tru•t••8 durlng tho y••r •nd•d 31 IAarch 2021 :. Thè Irusl•s who a$ a trus1•• in the reporting pèrir*J. and, If awll¢abl•. ththr dates of appointment or resignats.on during the year ¥IW•:. Nan Reslgne&VR•tlr•d Jacob Schlmmd Verette Schimmel Alexander Schimmel 27 Othber 2021 27 Oclober 2021 Nathaniel Schimmel
The UKI Charftable Foundation Company Regisrats"on Number- 03609638 Trustees, Annual Report for the year ended 31 March 2021 Objects and actlvltles of the charlty The pufposes of tho charity as sot outin its governing documenL The principal object of the ch¥ntsble company is to pffjwde grants to Institijtioro and individuals as the trustses see r Tho m•ln a¢lfvltl•s undertakon in reltlon to tIM)s• puwes durfng thè yoar. The Charity ha$ invested in prorty and other Invtstments to g¢nerate income to allow it to maké grants lo organisations, to enable them to bgnefft those in need. rh• maln actlvlllos undertaken durfng the yvar lo fiirtlw th• charity puryos• lor tho publlc b•nofiL The truyte88 have consld8red the Charlty ClMi¥s1On'9 9eneral guhlance on PU1¢ befft and have lakn tt into account when managing the charW8 athtie8. rewwng the aims and objectNes and F4anning for fLrture acthrtbes. The short t•mi •ndlong•r torn1 alms and Obj•etfv. Tho ¢h¥ritaa cOmpyWa3 •stablished for charitable purpow o¥ the TnJstees Choo lo $UFPtsrt. at th•ir absdut• discrntKJn. The charitatile purposes are for th¥ public benafit. Tho charltys strategles for aehlevlng Its alms and objoclfvos In the future. The chariW9 8tr8legy 18 to manage its investments over tho long tgm to produc8 a sustaina1? incomè stream lo fund lulur8 grant making actiwty. The trustees re¢trJnise that th1$ strategy may tsk8 several years arKI that in the mttantim•. ¢harllabl8 gxpandrture levels may be variablo, How the Jctlvftles Undertak durfng the year contrlbuted lo th• a¢hi•v•ment of the aims and obJ•etlv•s. The tru$t•è8 art satisfied that th• grants ma¢1• •r• Whol in pursuit of its th4rltsbb •lm8. R080urces used In the actlvftles undertaken the year. The Charity operate8 by utili*n9 its 0$8ets lo generate Ir¢ for making grants as the trustees efrt. Grant maklng pollcles •ndhow th•s• contrlbuted to the achlev•ment of the charltys alms and objectfves during the year. Grants are made to charilable insbtubons and organisations that accord vAth Ihe otyectives of tt charty.
The UKI Charltable Foundatlon Company Registratton Number- 03609638 Trustees, Annual Report for the year ended 31 March 2021 Thfr maln achievoments and perforniance of the charlty during the year. Over the financial year ended 31 March 2021. donalion5 totalling £177.29512020..£68.0001 war8 made. The net incoming resources for the year as set out on the Stalement of Financial Acti¥e8 ISOFAI were £209,34712020." £221.0561. Al 31 Mar¢h 2021 th8 tr)ok value of am the intrn¥nts w•re £6.840,718 {2020..£7.265.775}. The dlffergnce tho ¢hartys p8rforniance durtng tlw y•ar has made to the b•nofi¢1orlos of the charty and wld•r $o¢l•ty. The ffinawal performan¢e has enabled grants to be made during the year. and to help further provide sustainable InMe with whh to make fubJre grants. How the achlevomonts durlng the year measure up to th• obJ•cths seL The tru$lge¥ are sats'sfied that the grarts made to insblulions and i)rganisth'ons accord wth tho obieciives of the charity. Expondllure Incuffedln the ygar In ord•r to rn180 Incon In the futur•. No furthèr inve8th)•nl wa8 mad• in lh• y•ar. Struetur•, 9ovorn•nc• and management of the charlty rhe methods used to r•crult and apftt now eharfty trusteos and the poll¢l•s and prnc0dur for th•lr indudlon and tr•lning. New Trusto98 are appointgd by tho xistin9 board of trustees. Subsequent lo the ar ènd. h¥0 new trusteeg were appointed. Suttswe rx¥uitment and training proc•dur•• are being applied by the Iru$tses. The day to day affairs ofthe chanty are administered by thè Btrard of Tru$tee$. The trustees of The UKI Chadiable FounL1allon are also dlrectors of tho charrtabkry company. There are no gmployees of the charity. Thè management ofthe company is thè fèsponsibllity ol the Iwstfjes. How the charlty makes decisions and how dKl$ions arn dèl8gat8d. The trustees believe that the best iTrterests oflhe dwnty a served by to¢Ing on the irwe8lment strategy In areas vA)ich they a familiarwrth. All approaches lo the ch8rty for grants are Considered carefijlly and dis¢ussed at tw8tfj. meeb"tvJ8 to assess the suitabilty of the organisation making the reque8t
The UKI Charitable Foundallon Company Registraknon Number- 03609638 Trustees. Annual Report for thé year ended 31 March 2021 The Chl•f Ex6cutlvo Officer and othersgniorm•nag•mentpersonnel to whom day to day managemerjt Is delegated The day to day affairs of Ihe dwnty are administered by the Board of trustees. The charltys relatlon8hlp8 wlth relatedpartles. During the year, there was a bance owed of £362.303 to Famwthd Investsnents Limited, a company- some of whose ulb'mate SharehderS and directors indude the charitys trustees. This amount was rapaid in fvll lo FamTh¥ood Investments kn"mrt¢d on 24 March 2021. At the Balance Sho¢1 thwo wa8 £0 {2020.. £362.303) outstanding. OLbr¢ng the year, grants were madè lo the Marque Foundation, of vthich one of the trusiees, exander Sehimm81, is the nephew of Jacob and Verrette Sthimmol, vtho was appointed as a trustee of the tharty after Iht balan $heel date. 8anker8 Barclays Bank. 1 Churchill Place. London, E14 5HP Th¢ Co¢yeraliv• bank, 4th Fkx)f, 9 Proscot Street, Lond. E18AZ Maurice Tumor Gardner LLP 15th Fb)of. Milton Hou88, Milion Street. London, EC2Y 9BH Solidtor8 Flnan¢lal revlwi rhe charf¢rf• fInal41posItIon a¢ the end of thg yur 31 M?h 2021 Th• finanaal pos¢b'on ol lh• charty at 31 March 2021 and comparatives for the prlor perlod, as more fully d8lail•d in tha accounts. b8 summari#8d as folltrws:. 20 2020 Net Incom 209,347 1,171,056 Unrestricted Rèvènuè Funds availaN• for the general purposes of the charity Total Fund8 6.767.903 8,558,558 6,787.903 6.558,556
The UKI Charitsble Foundation Company Registrabon Number- 03809638 Trustees. Annual Report for the year ended 31 March 2021 Flnanclal revlew of the po8lUon at the repon9 dat•, 31 March 2021 . By exduding fixed assets long lem liabllitles from the total funds showm above, adjusted free reser¥es are a surplus of £1,637,41212020". £312.7831. Fixed a88ots Iproyty arKI inve8tmèntsi 1$ voluad at £6.840.718 {2020." £7.265,7751. The tru3ts0$ ora satisfi8d V1h the fiwoal pjsitsm. Pollelès on ro5•Th0s. Th& tru$l¢6s reseive policy is to achieve arKt mainlain an appropriate but not ex¢e$$rv• level of reservfjs to support its activities. taking into a¢¢ount thè risks lo which it 1$ exwsed. Th¥ Charity holds ro9orve5 in the form of funds tho1 ar8 earmarked by the bwstees as net currènt assèts. Free res•Ne$ are a surpbjs of £1,637.412 12020.. £312,783). The Charty is looking lo develop a target level of free reserves duriThJ the next financial year. th this in mind the trustees have revi8W8d the cash wojeclion$ of the charity and given the projected flow of rental and investment inco, the Chanty has suffic4enl caah to meel its commrtmnts as th•y fall due. Av•llabllfty and adoquacy of assets of Meh of th• funds The board oftrustees w Sa$fied that th• 0¥3ets are available and ad8qLth to frjffil its oblffjats'ons in resped of the fvrKI. Slgnmlcant events whlch hav• •ffKtod tha flnanclalporf0mi•n and th• flnanclal positlon. Dunno th• y•ar, th• Covi&19 pandemic hag PL wtswre on I81n$S•S. arbd thig h98 beèn Tefiected in the neWa1 of certain of the leases in the investment propeity. Notrdithstsnding this, hovther, some of the lessees are 1C wrtereBt l)tyai•8 and havo not b•en affe¢tgd by the on90ing pandèmic.
The UKI Charitable Foundation Company Registrab"on Number- 03609638 Trusteos. Annual Report for the yoar ended 31 March 2021 The major rlsks to whkh the Chwity ts exposed andreviows and8yStems to mitigate tham. The trustees acbvely review the major risks that ts d)ty faces on a regLlar ba518 and believe th over the nexl 12 months the chartys free reserves wll improve and wil provide sufficAenl resources in the event ol ¢or'nUIng adverse Condit5. The tnJstee8 have also examined other opr¥tional and business risks which the charty faces and ¢(fim1 that they have estsbl*hed systems to marwe the significant risks. In lh• opinion of the Irustees. the prinup81 ri$k$ facing the tharrtabl8 c7panY are.. -The ¢on$ervation of the buihjing, wthich Is con8idered prolethd. sir the building 18 fvlty insured. -The finanal ri$k of the tenants defaulbng on their ot4wthn$ under the temis of the lea$•, twhich Is wisidgred minimal, as exFlaird ab(r4e. Factorn Illroty to aff•ct future Ilnanclalperfonnanco. AS mènlone(l above. the ongoing Covi&19 pondemK Goukl impact thè financ•al risk of terwts defaulting undw the tsrms of the lea80. Plans For the Futurn Summary of plans for th• futur• and th• tnMt••¥' p•rnpxtlv• ofth• futurn dlr•ctlon of th• harlty. The charSlVs Strategy Is lo manage its investh)ents over the long temi lo produce a sustainable Income stream to fvnd fijture granl-making activity. Dets118 of The Audltor Reva Shenker Shenkers LLP Member of Chartered ACcntantS and Regi$ter&J Audrtory4 Devonshire House Monor Way Bor¥hamwood Hertfordshire WD6 1QQ
Th• UKI Charitable Foundallon Company Registr"on Number- 03609638 Trusts8s' Annual Report for the year onded 31 March 2021 Slatemont as to disclosure of inforn)ation to auditors The trustees $tè thal $0 far as eath ofthe trustees attr timè thts report VAS approved aro aWa..- al There is no relevant audit information (as defined by section 418{3) of the Companies Act 2006) of whith the auditor5 are Unare. and bl The trustees have taken all steps th they ought to have taken to make themselves aware o any relevant aLKtit irtforma"on and establish that the aLKlitors are aware of t informatson. Statement of the Directors Tru6tg9s' Rèsponslbllltles The chanvs trustee5 are responsible for the preparation of the ac(UnIS in accordan wth the lerms of the Companies Act 2006, the chanb.es Ad 2011 Ihe Charities (Accounts and Reports) Regulations 2008. Notsyithstanding the ex¢t requirèment in the exlant statutory regulab"ons,the Charibes (Accounts and Reports) Regulakn"ons 2008. to prepare the finaft¢ Ststemerrts in accordance th the SORP 2005. in view ofthe factthat the SORP 2005 has be¢n withdrawn, the Trustees determined lo 1Trterpt this resp)nsibilty as requirbng them to follow current best practice and prepare the accounts according to the FRS 102 SORP Islatement of Recx)mm8nded Practice for AccLyJnb"n9 aThJ RwrbrKJ by Charilies} 2019, applicable to all ¥c¢ounb"ng pericJs begiming on or after 1st January 20191, lThè SORP), . In particular, the Companies Aci 20(E and charity law require the Board of Trustees lo ppare financAal statements for each financial year vthich give a true and fair view of the stale of affairs of the charity as at the end of the financi year and of the surplus or defficat of the tharty. In preparing those financAal statements the Board 1$ required to:_ . to prepare the Unts wi aXOrdan ¥Jith Uniled lfjruth)m Genty ACpted Accounting Practice (United norn Acfxmjnting StaThJ3rds and applicable lawl. - select suitable accounting poknes 3rKI aF thèm consistenty; - make judgements and estimates that are reasonabk and prudent., - prepare the ffinanci slatements the going basi8 unless it is Inap[priate to presume that the charity wll cL)rrtinue bu5ine55". state whethèr applicable accounting standards and slaiements of recomtrnde<l departures disdosed and explained in thg financial $tatements,' The requires that the trustees must not approve tho accourts unlèss thèy ar• satisfied that they gi¥e a tru• and fair vièw ofth• statts of affairs of thè charity aThJ of the surplus or deficit of the charity for the year.
The UKI Charftable Foundatlon C(npÈny Reglstralion Number- Cl)9838 Trugtees, Annual Report for the year ended 31 March 2021 The TtU8le8s we abo for matrrtakniw tauntj records d18(aos8 th reasofjab ac¢ura6y al any time th$ finanri8] posiuon of the chaii(y 8nd 1¢h are sufficle¢it trj show Ènd è¥Jl8En the charill$ lTansacli and enable io enstwe that the finandal statements ¢amplyvth the C(Thpanles Ad and MP1 regubtk)ns m8de underlh$ Chadties Act. Tware also respThlble safeguardIj the a8sets of the (arfly and hence f taking reas(wtl& 8W for the preven1k Hmd eterAll of frJd ÉrKI hIrtIèS. The Trusteas 8r8 respo91 for the ofts Tnjstees. repci and th• re¥)rll1Y of aU110r relaEor to Iho TrLkStaes' 1orK>rt Is Ibnlted io wmin1 th8 réwl and urfng thal, tho report is r)nskt•nl the fiwras d(j in Ihe fin)¢1 st•tements. M&thotl of pAparatlon of 4CCOUnt8- Small oompany provlslons The llnancFa sl8t&nrnts arn set out 13 to SO. The flnancad stslements have been prepared lThwemenjtha FRS 1W2 SORP (Statèment of Recommended Pracli¢8 hKwJntillg aNJ ReyJrb¥w by ChaiiEw) 2019, appllcth Éo a au(xmling peTuIs begknniTra on orafter 18tJanv2o19j. (the SQRPI. ar¥J acwdan( th the Flnandd Stsr¥JaTd 1(V (dfécave 18tJanLry 20161 These fval stslemenls have b8¢D lh8 In Part 16 of approved iry the bc•rd of Irue8s OnlJarwj2O22. J Sdthnmel Dlre¢tor and Trustee
The UKI Charltsble Foundatlon Independent Auditors. Report to the Trustees of the ¢harltsble company on the accounts for the year ended 31 MarGh 2021 Introduction We have audited the ffinanual statements of The UKI Charitae Foundation for the year endetl 31 March 2021, as set out on pages 14 to 29, which comprise the Ststemenl of Financial Activities. the Income and Expenditure Aeeounl, the Stslemenl of Recognis&J Gains and Losses . the Balance Sheet and the related notes lo the financial statements. including a summary of sgnificant accounting policies. In our opinion, the accompanyirwJ finarrial statements of the thartable company are prepared. in all material respects. in accordance wth the Companies Act 20C6 an(1 wrth charity law aPIcable wrthin the jurisdiction of England & Wales and. in partÉ¢ular, the accounts have b prepared in accordance with FRS 102 SORP (Statement of Recommended Prackn"ce for A¢¢oLEnting and Repor"n9 by Charttiesl 2015. las amended by the Bulletin issuod in Octobèr 2018 and appliGable to al accounting periods beginning on or after 1 st January 2019), (The SORPI, published by the Charity Commission in England & Wales ICCEW) . effedive January 2016, under the historical cost convention. and in accordance wlh the ac¢ounb"ng poliaes set out on page 20. which frameworf( constilutes the applicable United Kingdom Generally Accepted Accounting Prl¢e. Limitation of Ilablllty This report is made sc4dy to the TTLtee$ of the thariEable company. as a boty, in accordan with the requirements of Section 154 of the Chantr"es Act 2011 (rhe Act}. Our worf( has been undertaken so that we might stste lo the Trustees those matters we are required to state to them in an Auditorfs Report arKI for no other purpose. To the fullest extent pem)tited by law, we do not accept or assume liability or Tesponsibility to anyone other than Ihe Trustees as a for our work. for ttis port or for the opinions Bas15 for our opinion We have been appointed as auditots undet section 144{21 of The Charitses Act 2011 and report In accordance wrth regulations made under section 154 of that Acl. We Conducted our audrt in accordance wth IrrtematK>nal Standards on ALKlrting {ISAs-UKI, issued by the Financial Reporting Council, and applicable law. Our responsibiliJ"es under those standards are further described in the Audrtors, ReSponsibileS for the Audit of the Financial Statements section of our report. We are independent of the charitable comp3ny in aordance wth the ethical rèquirements that are relevant to our audit of the financial statements in England & Wales. and we have fulfilled our other gthiGal resw)nsibilities in accordance wth these requirements. We believe that the aLsdit evidence we have obtained is sufficient arKI appropriate to wovide a basis for our otynion. 10
The UKI Charitable Foundation Re5ponslbilitles of Management and Th(w Charged with Governance for the Financial Statements As described on page 8, you, the charitable companys Trustees, are alg) the Directors of the Company for the purposes of Company law, are responsible for the preparation of the financial statements in accordan the Companies Act 2006, the charib.es Act 2011 and all other appliCae law and wlh United lQngdom Generalty Accepted Accounting Practind for being satisfied that the rinancial statements give a true and f•'r vivw. The Trustees,who are charged wth govemance. are responsible for overseeing the charitable company's financial reporting pr¢xess. Management is responsible for the pparab0n of the finartcial staternerrts in accp)rdance with charity law of the jurtsdict¢on of England & Wales and for yjch intemal contrd as management detemiines is neSSary to enable the preparation of financial 51atements that are free from material misstatement. whether duo to frayd or error. In preparing the finanaal statements, management is responsible for assessing the charitae company's ability lo CtinUe as a gotng concem, disd05ing, as applicable, matters related lo ooing concem and using the going COnM basis of accounkn.ng unless management either intends to liquidate the charitatrAe company or to cease operations, or has no realistic alternative but to do so. Our objectives are to obtain rea$(able assurarte about*thethw the financial stal8ments as a whole are free from materia misstatement. ther due lo fraud or grror, and to isyje an audÉtor'$ report that indudes our opinion. Reasonable aSSUrar is a high level of assurance, bul is not a guarantee that an awjil conducted in accordance with ISAS-UK will thays detect a matefial misststement when il exists. Misstatements can arise fr¢Jm fraud or err and are consided material rf, irKJividually or in the aggregate, they could 8$OnablY be expected to infitsen the ecor¢omic decisions of users tsken on the basis of these financial statements. Our responsibility is lo audit and express an opinirm on the finala1 statements in accordance with relevant legal and regulatory requirements and ISknUK. Those standards rw4uire us lo comply wf(h the Ethical Standards for Auditors rxjtlished by Finwtcial Reporting Council and to'.- Identify and assess the risks of maten.al misstatement of the finarti stslements. whether due to fraud or error, to design and perform audit prcKedures responsive to those risks and to obtsin audrt evidence that is SLthcient arKI appropriate to pIde a baS for OLEr opinion.. To obtsin an understanithr#J of intemal ttjntrob relevant to the aLKlrl in order to design audit procedures that are appropriate for the cir(xJms1an, but not for the purpose of eXpresng an opinion of the effectiveness of the Charis intemal ctrol.. To evaluate the appropriateness of accounting Fdicbes used and the reasonatAeness of accounting estimates and rdated disclosures made by the charity.. To Concl18 on the appropriaten8ss ofthe charitys use of the going concem basis of accounts.ng and. based on the audit evidence obtsined. whèther a materiJ uncertainty exists related to events or condttions that may cast significant doubt on the charitys ability lo continue as a going concem., To evaluate the overall presentation, structure and content of the financial statements, including the disdosures, and ether the finala1 statements represent the undedw.ng tran¢tiOnS and events in a manner that achieves a fair presentation. We are required to re1 io the Trustees our wnion as to wh&th8r the ffinatxial statements give a true and fair view and have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Pracb"ce and the Charitses (Accwnts arky RepoTtsI Regulations 2008. 11
The UKI Charftable Foundation We are also Tequired lo rep)rt to you if, in our opinion. the Trustees. Annual Report is materially inconsistent the finanoal ststemenls, if the charttable company has not kept adequate accounting re¢or¢Js. if the charitable company's financial statements are not in agreement with the a¢counting records and retums, OT rf we have not received all the infomiation and explanations we require for OUT audit. or if infomialion specified by kny regardirrfJ Twstees, reration and transaction5 Wth the charitable company is not disclose(J. In addition, we ad all the financial and non-finanaal infom)ation in the Trustees. Annual Report to identrfy materi81 inconsistenues wrth the audited financial statements and io ident'rfy any information that is èpparentjy materially incorrect based on, or materially inconsistent with. the nedge acquired by us in the coutse of perfomiing the audtt. If we become are of any apparent material misstatements or InconSter1es V GOnder imFAi¢abons for our reF¥YL We conducted our aLKIrt in accordarKe vthh ISAS-UK and in accordan wrth the Prath"ce Note, The Audit of Charities in the United Kingdom. , revtsed in March 2012. We are required to plan and perfomi our audit so as to meet the above reqviiements and to obtain all the inf0mtIOn and explanth.ons which we consider necessary in order to provide us wlh suffiryenl ewdence to give reasonabl¢ assurance that the financial statements a free from materi misstatement, whether caused by fraud or other irregularity w err. In the course of Lwr audit, we communicate with those charged wrth govemance arding, among other matters, the planned scope and timing of the audit and significant audit findings, includiNJ any significant deficiencies in intemal contrd trot we idenbfy during the audrL Asslstance wlth accountsncy and tsx matte In COrdanCe with the exemplic wovided by APB E1Cal StaThlard- Prowwons Available Smaller Entities, we have prepared and submitted the charitsble c¢ympatys retums to fhe tax authorits.es and assisted wth the preparation of the accounls. Eligibllty of audltor and status of audlt We confirm that we are eligible under section 144(21 of the Charibes Act 2011 to conduct this au¢Jil. and that this report is a report in respect of an audri camed oul under the Acl and in ac¢ordan¢e wth the related regulations. Attention is drawn to the accounting policy stskn"NJ that, nots*ihslanding the exptiryt reouirement in the extant ststutory regulations, the Charities {Accounts and Reports) Regulations 2008. to prepare the financial statements in accordance with the SORP 2005. in view of the fact that the SORP 2005 has been wrthdrawn, and in order to accord wth current test practice. the Tnistees have deterniined lo prepare the financial statements in acrdanCe VAlh the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by ChaNlies} 2019, al¢able to 811 accounting periods beginning on or after 1st January 20191, (rhe SORP). . We concur wth this approach, and any references in Ouf plIt to the regulatiLMS should be re&J subj'ect to this commenL 12
The UKI Charitable FOUndaOn Oplnlon on the Fin•ncial Ststements Give a true and fair view of the state of affairs of the d)arrtabl8 company as * 31 March 2021 and ot 118 Income and Expendilure for the finawd yw then eThJed aTrJ, in pth'ojlar. the financAal statements have been properfy prepared. in all malerial respects, in acLordance with United Kingdom Generally Accepted Accounting Pr8¢b"ce applicable to entsbes ol tts slze and have bewt wopwty prepared in accordance the uIreMents of the chanb.es Act 2011" arKI have been prepared in aCcne£ woih the urements of SeLts"on 3 of the Companies Act 2006: and and have been prepared in accordance wlh the meth&Js and prinuples required by the FRS102 Statement ol Recommended Practice for A£counting arKI Repong issued by the Charity Commission in England & Wales ICCEWI . effecb.ve January 2015 he SORPI. and those method5 and prinupfes have been followl Mattern upon Twhlch •r• r•qulr•d lo rnport by •xcepdon We have nothing to reFort in respect of the follomng matters we are wuirod to r8POrt to you, tf in our opinion.. the that[tae company ha¥ not kept adequate accountrTr3 records; the financial statements are not in agreeffmt ith the accounling recc¥ds and retums; or If infomallon by law regarding Truste, remunerati and transacilons wtth the charlty Is not disclosed. we ttave nol rw£lved all the Inlomiauon and explanailons we requlre for r audtt. Slgnod-. Rèva Shènker. S•nlor Ststutory Audttor For and on bohaff ol Shenkern LLP- R•ght•r•d Audltorn Chartered Accourrtants and Rogi*•r8d Auditcys Devonshire Pkiuse Manor Way Borehemwood Hèrtfordshirg WD6 100 This Teport was signed on 2? January 21y22
The UKI Charitable Foundation - Ststement of Financial Activitfes for the year ended 31 Mar¢h 2021 Statement of FlnanclalActivities (ITncluding the Income and Expertdllu Account for tho year ended 31 March 2021, as required by Ihe Companies Act 2006) ¢uwr•rt>w Prkirywr Funds Fur Fund 20 2021 2021 2021 zo20 Income & Endovmients from: Investments Other $96,994 581.990 7.028 $96,994 018 Total income 696.994 Expendlture on- Rai51ng funds Chaiitabk activit$ 204,413 183,234 204.413 183,234 2W.595 77.367 Totsl Èxpendfire 387.647 387,647 367,962 Net 9ains on investmerrts Net incorne fortho 950.( 209,347 1.171.OS6 209.347 Net Income after trnllsfers 209.347 209.347 1,171,066 Net mo¥omwt In funds 209.347 209,347 1.171.056 Reconciliation of funds.'_ Total funds brought fOnrd 6.558.556 s8.558 5,387.5CA) Total funds carrled fonydrd 6 767.903 6.558.656 Tl*'SORP Ref induted above is the classfficatb)n of inccrfne set out in the fomial SORP Llocuments. As requir8d by paragraph 4.60 of the SORP, the broughl forward and cav¥ied forward funds above have been agreed to the Balan SheeL The notes attached on pag85 20 to 30 forrn an integral p•rt of these a¢¢ounts.
The UKI Charitable Foundation - Statement of Financial Activities for the year ended 31 March 2021 Statsmènt of Total Rocognlsed Gains and Losses for th• yoar ondod 31 March 2021 2021 2020 Surplus for tho year:. Net excess of incme overexpenditure frL¥n cwalions trfore tax 209,347 214,028 Realised net gain{lO$seSI 7.028 ItKome from op#rnllon$ beforn tax In tho Sla¢wrfOf FlnanclalAtlivil•s 209,347 221,056 Unrealise(I gains on irNestrnents Net MOvemt fvnd8 bofore taxation 950.CQO 209,347 1.171.066 Funds gentrdted In the year as shown Slatement of Flnan¢lal A¢U¥ltles 209 347 1 171.056 The not85 attsched on p•w 20 to 30 fomi an Intsgral part ofthese ac¢ounts. The UKI Charitsbl• Foundatlon- Resources applied the year ended 31 March 2021 towards Xed ass8ts for Charity use:. 2021 2020 Funds generated in the year detaiknj in the SOFA Other ak¥Jlicatio of lunds 209,347 1,178,084 17.0281 Net resour avollabla to fund charftablo arllvlfl•s 209,347 1,171.056 7he resourw appl on f1 assets fLY Lanty use prets ts (X ofathjttions $S W0dS of any disposals. The notes attached on pag05 20 to 30 fomi an Integral part of the88 accounts.
Tho UKI Charitable Foundalion - Statement of Financial Activilies for the year ended 31 March 2021 Mov•m•nts in revenue and pital lunds for th? ygar eTr(l•d 31 Illarch 2021 R8v•nu• accumulatsd lundB Unmtrl¢led R•strlcted Fund• Funds 2021 2021 Totsl Fund• 2021 La8t y•ar Totsl Fund• 2020 Ac¢umulaled ftjnds brought fward 6.558.556 Reco9niged gains and Ios8es tefor• Iransfe 6.558.556 6.387.500 209.347 20g.347 1.171,056 1.767,903 8.767,903 6,558.558 Clo•lng r•v•nu• lund• 767,903 8 767 903 8 668.568 8urnmary of lund• Unmtrlct•d fttrtsd ond Funds Dwlgnotsd fvnd• 20 Tot•1 Fund• L••t Ywr Totsl Fund 2021 2021 2020 Revenue accmu18t8d f18 6,767.903 6.787,903 6.558.556 Thg nots• ¥t1¥c on paw 20 to 30 forni an Iiit•grn1 prt ol th
The UKI Charitable Foundation - Statement of FinanGial Activities for thè year ond 31 Mar¢h 2021 Thè UKI Charitable Foundatlon Incomo and EXndItUrn Account for IM year end•d 31 March 2021 as rnqulred by th• Companles Act 2006 20 2020 Income Investment incrmne Inco frcAn invésb7)8nts, other Ihan interest recwvab 595.413 1.581 577,543 4,447 G In¢ome In th• yr b•lor• exc•ptlon•l 6%,9•¢ 681,990 Ex¢•ptlon•lltgms.' Realised gaing on the dlspc801 of knve8tm 7,028 Gro•• Incom• In th• y••r In¢ludln9 •X¢•PtSon•l tt•m• Ch8rit8blg expendrturts, exLJdin9 deprea aTrJ amtitiOn FundrgisiThJ costs Govtmano co$ts 177,359 204.413 5,875 68,000 29).595 9,367 Totsl gxp9ndlyfj In th• y•ar 387,982 N•t In¢orn• b•forn tsx In th• fln•Ill y••r 209.347 221,068 Tax on suUl on ¢rfin•ry •¢fvitle• N•t Incomo aft•rtsx In tho fl¢11 ymr 209.347 221,066 R•taln•d surp1 for th• Iln•n¢l¥l y••r All acb.v1'e¥ derive from cJniinuing OFW•bon8 In ac¢ord8rtts w4ith the provkni(Kffj ofth• c£ryan 20C6. thè l)èadiryJB aTrJ 8ubhg•JiThJ8 in tho Income •nd ExpThJitL4t• arnI h•ve b••n •aapityJ to rnll•cihe n•wrv ol tho carlty8 XtfviueB. Th• not•# attached on p•gM 20 to 30 forrn an Inlegrnl ofthe¥e •c¢ounts.
The UKI Charkable Foundatlon - Balance Sheet as at 31 March 2021 Nolès 2021 2020 Fix•d ass•ts InvstMts hek18s fixed as$8ts 10 6.840.718 7.265,T15 Tota] flxod assèts 840,718 7265.775 Curront assets Debtor3 Cash albank and In harkl 11 378.472 1.766. Total Cu8nt assets 2.075.492 714,559 Credllort: amounts lalling du• wlthln one yoar Net currènt asÈÈts 13 (438.LW> (401.776) 1.637A12 312,783 Net assets Cr8dltors'. gmtsurrts fallino due aft more than one year The total net a9sèts Of the ¢harlty 8,478.130 778 14 {1.710,2271 767,903 11.020,002) 6.5S8.556 Thètotsl not assets ofthe ¢hartty atofundod by the IuFKls of tho tharity, 8sfollvws:. Restrl¢ted fund$ Unrest¥l¢ted Funds Unreslrf¢ted Reverrf]6 Funth bÉ 8.767, eA58558 6.7SI.903 6.568.666 DBslgnated Funds Total Qharltylunds 767.903 6,558,556 The dlrectors are sa11sfd Ihal the t¥)mp3ny b enlltl&J to exempkn frn the raqknl to obtain an audll undw section 477 of Ccwani88 Ad 20L. Thè mambws h8vo notrequir&l the rxry3ny lo crtain an audtt Enacctvds wlth $6clkJn 476 oftho Aot. dlr8CtoYs acknoge thelr fc C(mrArj wllh lh8 requirnnwtsoftt COMNe8 Act 2006 th ros1 to ow)unl¥ng rxxirdg arKI ts Fryra1)n ofact(yJnts. The chartyls SUbCtIO CW legislakn, the reiK¥t ofthe Chartljas Is J S¢himmel Tn%tee Approved bytha board ofiEuslees onZ¥J81W8ry 2022 The notes attached on pages 20 to 30 lorn) an Integral part ¢f th a¢¢ounts. 18
The UKI Charllable Foundation Cash Flow Ststement for the year ended 31 March 2021 2021 2020 Cash flows from optrdtlng a¢tlvities Net cash provided by operating acbvib.es as sh( below C¥$h Ilows from In¥trg ¥tivibes Interest receivad Other investment tncome, induding rents from inveslmenls Proceeds from sales of investments Pufchase of investments 1282,267) 307,589 1.581 595,413 425,057 4,447 577.543 7,028 1890,775} 301.757 Net cash provided by investing actsvili8S 1.022,051 Cash flows from flnancing aetivities Repayment of amounts bofrowed Cash inflows from borrowngs {1.020,002} 1,710.227 {203,4001 Not cash provld¢d by financing activil Overall cash provlded by all activities 690.225 203,4001 1.430,009 209.232 Cash movements Change in cash and cash equivalents trom activities in the year ende(131 March 2021 Cash and cash equNalents at 1 April 2020 1.430.009 1209.2321 336.087 1,148.833 Cash at bank and In hand less overdrafts at 31 March 1.766,096 939.601 Roconciliation of net incomo to net cash Ilow from op•rnting actsvitiès Net income as shown in the Statement of Finanua Athibes 209.347 Adiuslments lor:" 1,171,056 Net unrealised losses on invesbnent assets Dividends, interest and rents from investments Profit on the sale of Investmerrts Decrease in debtofs Increase in credrtors, exduding loans Net eash providod by operating activit Analysis of $h and cash equivalents {950.0001 1581,9901 (7.0281 {38,7391 97,112 642,411 (596.9941 69,076 36,304 282,267 2021 2020 Cash in hand at forthe year ended 31 Marth 2021 1.766,096 336.087 Tatal cash and ¢ash equI1ntS 1.766,096 336,087 19
The UKI Charitablo Foundation Cash Flow Statament for the year ended 31 March 2021 Th• UKI Ch?rit#blg Found•tlon Cash Flow Ststement for the year endod 31 March 2021- Continued Analysis of chango in ngt d•bt Atstart Atend ol y•ar 1,766,096 {229.0001 11.710,2221 1,939,222 Cash Loans falling due ¥thin one year Loans falling due after morè than one yaai Totsl 336,087 (203,400) 11.020.002) 887,315 1,430,009 125.6001 (690.220) 15,820 20
The UKI Charitable Foundatlon Notss to thè Accounts for the ygar ènded 31 March 2021 l Ac¢ounting polle1•8 Pollcles rvladng to the pmducrion of the a¢¢ounts. Ba818 of preparatSon and •eet)untlng wi¥•ntlon The accounts have been prepare(l on the acrxu81$ basis, uThYerthè historical cost convenb"on. and in acLordance wrth the Finanaal Reportin9 Standard 102. leffeclive 1st January 20161 and'FRS 102 SORP Istattsment of Recommended Practiee lor Accotjnting and Reporting by Charities) 2019. applic2bl8 to all accounting periods gInnIng on or aftei 1st January 2019), {The SORPI. published by the Chanty Cornmission in England & Wales ICCEW) , and in aCt0rrtae vrtth all applicablelaw In the charrtys jurisdiction of registration. exeepl that the ¢harrty has prepar&Y the financkal slments in accordance wth the FRS 102 SORP Istatement ol Racommended Pracith for Accounts"ro and Repong by Charthesl 2019, applicatle to all alxounting periods gInnIng on N after 1st January 20191, (The SORPI, in prgfarence to the previous SORP. Ihe SORP 2005, whK ha$ been wttKlr#wn, noNwthsanding the fact that the extant statutory regub"OnS, the Ch8nbes (Accounts 8nd Reports) Re9atr"On$ 2C(16 fefer exF4iulty to Ihe SORP 2CMJ5. This has been done to accKd ¥nth ¢urf•nt best W¢¢. The pr?parat"on of finanrjal statements In ¢ompli8n¢¢ wth FRS 102 wulras the use ol certasn crjtical awounting estimates. h also requires managem¢ni to axerusejudgomant in apFtying Ihè Charitys accounting policJ¢s. Golng Concem As part of the trustees a86e8sment ol going Conc. the tr( have revwmd tho c86h lTryw proj8cb'tsn8 of the charity. In light of the prO119d ftow of fent81 Inme lh8 rrent and fulur• cornmthd Jupport from the ¢h8rlV$ lender. the Ccp¢Jperats've Bank, It is the ofth• trusto08. that thè th8rity hgs 8uffiuent cgsh to rneet 118 cornmitments as they fall due. Rl•k8 and futur• •••umpdoM rhe future assumpbw ¢orfnuo8 to bo that the bn¢ome il continLJe from the ch8rrf8 inve8trngnt8, And the risks ar& subject lo en$uring that lessees conbnue to be 8uitgt4e tanants. The ¢h8rty is a public benefrt enbty. Poll¢l•s rnlaung to ¢•t•oorf•• of In¢om• andln¢om• rnwieio Natur• of Income Gr088 income oytsists ol irweslment income arIng frrMn lh¢ c*antys assets. cotego•s of Incom• Income 16 catggong•d at ineAJm• from inv8thwrt #nd othw IWY0 and 18 r•Cognl in th• ststament of financial activities ISOFAI on a raceivable basis, vthen a transaction or othèr ant resutts in an incrg3se in the charity's as8ets or a feduth.on in ts Itabilibes and th when the ch8rty has legal entthment. the income is probable and can be measurgd reli4bly. AJI income Is 8nted for gross. deduth.ng any related rees or c08ts. Polk1 rel•llng tg exptndknrn on goods and solv1$proVlrfedto th• eh•rfty. R•cognStlon of 1lablllt1 ¥ryl Wb•ndltur• A liab¢'lrty. an¢J Ihg related expenditure, is recognised Yknen a legal or obligathjn exists a8 a result ol a past event, and when st is more likety than not that a transfer of economic benefits wil required in 8ettlemenL and when Ihg ¥rnount oftha oblKJabon can be measured or reltably esbmatad.. Allocatlng costs to actlvlttes Direct costs tr818re Spethxlty relaied to an thty a alk)cated to that Shared direct CA)sts and support costs are ap"00 ten th"es. 21
The UKI Charitable Foundation Note8 to thg Accounts for the year ènded 31 March 2021 Poll¢l•s relabng to assets, liabillties andprowsions andoth8rmatt•rs. Fixed Assèt Investments Fixed asset investment woperb'es and similar investrnents are Sho inthalty at C05t Up acqu15th.on and at their market value atthe b8L8nc£ sheet date * the end of Ihe financial FerLKI. Investrnent properts'es are not depreu8ted. The Tllain investrnenl prgperty is carried at fair value with referen to an independent professional valuaton by Colliers Intemational Property Advwrs UK LLP in September 2020. Th charyJe in lair value has been re¢ognised in the year. Dèbtors Debtors are measured at theif recoverab amwnts at balarKY sheet date. Credltor¥ A liabilty. and the related expendiiure, is recryJnised vthen a al or construth've obligaton exists as a result ol a past even( and when it is more likdy than notlhat a transfer ofeoJnomi¢ benefits wl be required in setdement. and when the amount of the oblvJth"on can be rneawrÈd or llabty esb"med. Srt tem creditors ar• measured at transaction Ivthich is usualty the inviy( prr£l. Flnancial Instruments Includlng and bank balances Cash held ty the d)anty is Ided at ihe arn<)unt held and Unted at ihe year end. Bank balances, whether in credrt or overdravm. are sho¥m atthe amc¥Jnts propety rec(moled to the bank stments. Foreign currencles Transactions In foreign rren{JeS are recorded at the rate wl%ro at the date of transaction. Monetary assets and liatxlths denom¥nated in forwgn wrrenci85 are translated at the r of èxthange ruling at the balance Sheet dale. Al differènces arè taken to Ihe profrt and loss a¢1Unt Fund AccOunn9 unSti7¢ted fvnds are availabl¢ for use atthe thsclelion ofthe tru$te8s in frJrlh8ran¢e of the 9ener obj'ectyves ofthe chanty. There are no designatÈd. restrided or ents)ent funds. 2 Llablllty to taxatlon The Trustees consider that the charTty satisfies the tests sel oui in Paragraph 1 Sthedule 6 ofthe Finan Act 2010 for UK c<)rporatson tax pu. Accorth'ngty, the Charity is potenb.ally exempt from taxation in respect of income or caprtal gains receNed vAthin rategofies u)ver8d by chaptef 3 part 11 of the Corporation T8x Act 2010 or Secon 256 of the Tax2tm of Charable Gains Ac* 1992. to the extent that such income or gains are applieij exclusively on the specffic charitable oLy'e(ts of the d)arrty and for no other pwpose. The charty is registered for VAT. 3 Wlndlng up or dlssotutlon of the ¢harlty IF upon wnding up or dissolub'on ol the charity the remain any assets. after the satisfacty'on of all debts and liabilibes. the assets Tepresented by Ihe a{MUted fund $hall be translerred to some other charitable body or b(Klies h8ving gmilaT objects to the charty. 4 Sbgnlflcance offinancial Instru tothe clkirity's position The Charty onty has finanrial assets and finanaal Ikqtalths of a knnd that qualty as basic finanual Instruments. Basic finanaal Instrurnents are inthlty re¢x)gnised at tran88ctron v¥ue 8nd subsequenuy measured al their setuementvdue.
The UKI Charltable Foundation Notes to tho Accounts for tho year •nd•d 31 March 2021 S Net surplus before tsx In the finala1 year 2021 2020 Thè net surplus before tax in the finanual year 18 sialed after d)arglng:_ Auditors, remLmerab'on 9.367 6 G&ln• and lo• on r•valuatlon of flx•d as••ts Th8rn are no ggins t¥lossas fyed assets in Ihe ye8r 7 Inv•8tm•nt galn• Investrnent properties- unread T+)tsl YeallMd ind unr••ll••d g•ln• AJI the gains and In the prior yew was unwstncte4J. 950.000 950.000 Prk¥r Yew PrforY•ar PrforYMr Prlor Yur Unr•11 R•stdthd Endowm•ni TfA•l Funth Fund• Fund• Fund4 2020 2020 2020 2020 R•alls•dgalnsl(lossu) Otrr Unlisted Investrngnts 7,028 7.028 Totsl moll••d yaln•1llo•1 7.028 Unreallsod galn$llo8s•8) •nd wrtllnp dowft ol¢•Trylng valu•s Investment pftsporD- u011d 950,000 Tot•1 unmll8¢d g•lnWllo•wl •t¢ 950.000 950,01)0 Total rnall••d and unre•ll•ed yln• 8 Th• contrfbutlon ol ¥olunt••r• rh• charty does not have any vduntser8. 9 R•mun•rallon and paym•nts to Trt¥ and p•rnon8 ¢onn•ct•d th•m No trustees or per8on8 CODrted wilh them rerAved remw)wabon from thè charity, or any latl entty.
The UKI Charitable Foundation Notes to the Accounts for th• yoar and 31 March 2021 10 Invèstments held a$ red assets Other Classes of Investment Totsl Canwng values of Inv•strn•nts At 1 Apnl 2020 Disposal$ Revaluabon At 31 March 2021 7,265,TT5 7,265.775 {42s.osn 1425.0571 6.840.718 6.840.718 Anal1$ fairvalue #nd hlstorlcal cost Investments as abovè held at lair vaue 6840718 6840718 Analysls of Other Clas8e¥ of Inlment Included at fair value Total Summary of other Clas of InV•stsnts at 31 March 2021 Investment properbes Other investments 6.375.OOCI 6,375.0 465,718 465.718 6.840.718 6,840.718 The main inv8strnent pr(yrty has Lwn iThJepeThJth Valu by Colkers Irrtemati(y)aJ UK propety advisors In September 2020 at £6,250,IXM). The valuation ofthe inve5tsnent property is tbased on the market in accordan wtth the IdlovAng definon." The esbmat&J amwnt for Wh an asset or Ikgbilty thoukl exthange on the valUaln date een a willing buyer and a *illing sdler in an aTm's lengtt) transacbon. 11 Debtors 2021 2020 Trade debtors Prepayments and a(xxued in¢0 Othef debtors 78,S28 21,265 211.603 309.396 63.414 17.320 297.738 378,472 12 Dellned benefft penslon scheme assets and IlabllStles There are no defined pension schemes operab.ng in the thanty 13 Credltors: amounts lalllng due wllhln one year 2021 2020 Bank loans and overdrafts Accruas PAYE, NIC VAT and othertaxes Other credrtors 229,000 6,800 32,903 169.377 438,080 203.400 7,8CM) 3S,219 155,357 401.776 24
The UKI Charitable Foundatlon Nots8 to the Accounts for the year ended 31 IAarch 2021 14 Credltors: amounts falllng dup aftèrong year 2021 2020 Bank bans and ¢)v¢rdrafts Other creditors 1,710.227 667,699 362,303 1.710.227 1020 002 15 A•ts of the ¢harlty Chary to meet it• Ilabllltleg 2021 2020 At the Balanc& Sheet date. the arnount of bank loans 8Jra M its as88ts are.. 1,939,227 861,099 18 Conco881onary loam Loans r•c•lv•dand owlng by th• Chartty Inelud•dln cr•dltorn A9Jregate 8mwnl of conceswnary l¢w)s due after than one year 2021 2020 362,303 The d)arftat4o ¢)MpanY m8lnl8lned loan furJing 01 £362.303. frryn FamNood Investments Umrt•d, ¢ompany com11 th'reotr Thtr loan wa8 repaid on 24 Marth 2021. 17 In¢om• and EXPdul• •ccounl •umm•ry l•xeludlng unr••llMd g•ln•l 2021 2020 At 1 Ap1 2020 Surplus aftertsx lor the year At 31 Mr¢h 2021 s.608.556 5,387,500 209.347 221.0 5 817 903 6,608,$56 18 Post bpl•rt¢• •h••t •v•nts On 24 O¢tob•r 2021, new tsvstees, AknThJer ¥r¥J N8lh8nial Sthimmel were appointtd. 19 P•rtl¢ul•rn of how partteal fundB arn 1•prted by ••••ts and Ilabllld•• At 31 March 2021 Unrmtrlcted fund8 Reitrfcted fund• Totsl Fund• Investments al valuaticfj.'- Flxed asset investments 6,840.718 6.840.718 Current Assets CuThent Liabilities Long Tami Liabilrties 2,075,4¥2 1438,0801 11,710,22n 1076,492 1438,0801 11,710,227) 6.767,903 6,767,903 At 1 Apdl 1020 Unr•strlctsd funds RoBtrtctgd fund Total Funds Investments 81 valu8bon".- Fixed asset invèstmènts Current Assets Current Liabilitie8 Long Term Liabi1it5'es 7.265.775 714,559 (401,7761 11,020,OW21 7.28S,775 714.559 1401,776 11.020.002) S8,666 6,568,556
The UKI Charitable Foundation NotQ6 to the Accounts ft)r the year ended 31 PAareh 2021 20 Change in total funds overthe yèaras shown in Ntsts 19. analysed ty individual funds Funds brought forward from 2020 Movement In funds in 2021 Funds carried forward to 2022 See Nots 21 Unrestrtct8dandd•signatsdfunds.'. Unrestricted Revenue Funds 6,558.S56 209.347 6.767.X13 Totsl unrestrlcted and de¥lgnat•d lunds 6.558,556 209.347 6,767,903 R•stri¢tedlunds.'. Total restrictsd fund¥ Yotsl ¢harlty funds 6.$58, 209.347 6,767,903 21 Anafysis of movements In fvnds over the yearag shown In Note 20 kneom• Expendlture Mowment In funds 2021 2021 2021 Unrèsttlctedanddesignatedfunds.'_ Unrestricted Revenue Funds Restrl¢ted funds... s.594 {387.647) 209.347 387,64 209.347 22 The purpo$ for whl¢h tho funds UntCleand deslgnedfunds.'. These fijnds are hekfj for the meetiTrJ the obje¢lives of the charity, and tr) prowde SerVeS for fubjre adivibes. and . subject lo tharity legislalwjn. are free from all restric8 on thgir use. Unrestricted Revenue Funds 23 Ultlmats eontrolllng party The ¢h8nty 1$ a company limrted by guarantee. The Ernbers oflhe company are the trustees. In the event of the Company being 1)Und LJP. the liabilty in spect of the guarantee is limrted to £1 per rnember of tt company.
The UKI Charitsble Foundation Detsiled analysls of Incomg and •xpendlture for the year ended 31 Flarch 2021 as requlred by the SORP 2015 This analysis is classsifled by conventlonal nominal des¢iypllons andnot byactivity. 24 Invosljnent in¢¢)me CuTh8rtyHr PrlorYo8r Totsl Furbth Total Funthb FurKIs Fun 2021 2021 2021 2020 Property Rental Income Bank Interest ReeeNable Other Investment Income Insurance reimbursement Lease extension income Commissions re1ved 525.239 1.581 35,861 21.729 525,239 525.359 4,447 30.860 16,176 5.148 3S.861 21,729 12,584 12.584 Total investment Incomg 696,994 581.990 25 Other income and 9a1 Cufr•rf yr Currwrtywr Current ygar Ttsial Fund$ PrforY¥ar TolaS Funds Cuffent year Funds Funds 2021 2021 2021 2020 Realised gain$ on the disposal of investments 7,028 Total other income 7.028 26 Expgnditur• on charitablo activill•s- Grant funding of activities CUrrentr Prloryear Total Total Funds Curr•nt Y•ar Funds Funds 2021 2021 2020 Grants made to organisati'ons 177295 177.295 68,000 Totsl granlrnklng ¢osts 177255 177396 68.0110 27
The UKI Charitable Foundatlon Dgtslled analysis of in¢¢m• and expenditure forth• year ond•d 31 PAarch 2021 as YOqUiTed by th• SORP 2015 Byeakdown of Grnnts madb to organi8allons Currnnty&qr CurrèTrt yoar Unr85trictod Restrietsd Furb Fund5 Curront yr Totsl Funds Cunynt Yoar 2021 2021 2021 Totsl Funds 2020 The Marque Foundation Colel Chabad Tikva UK The Covenant arKI Conversation Trust Donatrons under £1,500 157,350 18,01]0 157,350 18.000 50,000 18,000 1,945 1,945 177295 27 Support Costs for charitsblg activities urrent year Curnntyoar Currenty••r 0T Year Total Fund$ Totsl Fund• Current Y& Fynds Fund• 2021 20 2021 2020 Financial Costs Bank charges Support Costs before reall<>¢ation Totsl $upport costs- Curr•nt Year The basis of all¢)Cat of costs betsveen activii* i¥ dwibed under accryjnting policies I the expenditure in the prior year was unrestri. The basis of alknatM)n of o)sts belween actsvibes is described under accounting pOlteS 28 Other Expgnditure- Govemance costs cUrr•ntY Currentyglr CUvront81 Prloryoar Totsi Fut)¢is Totsl Funds Cuffent Year Funth Furvjs 2021 2021 2021 2020 Audttorfs feas 5,875 5,87S 9,367 Total Govgmance costs S,875 5.875 9.387 All the expendthre in Ihe prioryearwas unrestri. 28
The UKI Charitable Foundation Dètailod analysis of in¢om• and •xpendiiure for the year •nd8d 31 March 2021 a$ roqulrgd by th• SORP 2015 29 Totsl Charltable oxpondlturn y•ar c••¥ ¢ufftrty••r Y••r Totsl Fun Tot•l Fund• Cuffent Year Fund• 2021 Fun 2021 2021 2020 Total grantmaking costs Total support costs Total Govemance costs 177,295 177,29S 88,000 5.875 5,875 9.367 Totsl eharltable •xpondltur• All the expenditure in the prior year was unresIrted. prtorY•ar Pflof Y••r Tot•1 Phor Yr 2020 2020 2020 Total grantmaking $ts Total Governan¢e costs 68,000 9.367 68,000 9.367 Totsl ¢harltsbh •xp•ndltuY• 77.367 77,367 30 ExndIture on rnlslng fund• and ¢Mts of Investm•nt m•nagom•nt Curr•rt y•ar Prtor Y•ai Totsl Fund• Totsl Fun41• Unrn•trkt•d Fun Cuffent Year Funth 2021 2021 2020 Professional fees 2,463 5.942 2,463 13,347 10,614 Pfoperty letting ¥n¢ manwm•ni fèès Property rates and seryice charges Mortgage interest and fees Other propety outgoings In6uranc8 Exchange drfferences 64,857 61,302 797 21.571 47.481 64,857 61,302 797 21.571 47.481 11S,266 43,644 134.431 16.916 143,6231 Total fundt*hlng ¢tr 21x413 204,413 290,595 All the expendrture in the prior year vras unrestricted. 29
The UKI Charitable Foundation Actlvlty analysls of Incomo and oxpendlture for the forthe year ended 31 March 2021 Thts analysis is classsified bya¢bvityandnot by conventsonalnominal descriptions. 31 Analysls of In¢om• by actlvlty 2021 2020 Actlvty Summary of Totsl Incom< in¢14Kllng the items above Investment income Other income 596,994 581,990 7,028 Totsl Income as shown In the SOFA 596,994 $89.018 Categories of ineon Income from investments 596,994 589,018 32 Anafysis of charllabk eXndItr? by a¢tlvlty Direct costs Support Grnnt funding of Tolal Total A¢tlvlty 20 20 2021 2020 Income fmm investments Financial costs Grantmaking costs 177,295 177,29S 68,000 Total Incom from 1TI,296 1TT,359 68,000 Summary of charltable costs by actfvity DirEGt costs Support Grant funding of activitigs 2021 Total Totsl 20 20 2021 2020 Activity Total Income from investments Total Govemance costs as detailed in Note 28 177,295 177.359 68,000 5,875 5,875 9,367 Total charitable expendiiure 5.939 177,295 183.234 77,367 The basis of allocation of costs beTrn titreS is described under accounting pdicies Thè breakdown of this expendits1 by type of Speling Ite nomin dawficationl is detailed in note 29 30
The UKI Charitable Foundatlon Activity anatysls of Income and expendlture for the for the year ended 31 March 2021 Anatysls of support and governancg costs by charitable activitles Governance Flnancg Total Activity Income from investments 5,875 5,939 Sumrnary of grdnt maklng by acttvity Grdnts to institution$ Total Totsl 2021 2021 2020 Income from investments 177,295 177,295 88,000 177.295 ITI.295 68,000 Fuller details of grants made arxl related costs. IndJing support costs, are shown in note 26. 33 Analysls of non Gharltable expendliure by actlvlty Activity Fundrnising actlvidès Fundralslng activities Fundral$lng actlvitle5 2020 2021 Dlr•d fundrnlslng costs 204,413 290,59S Governoe costs Govemance costs Go¥emanee costs 2021 2020 Other Exp8nditure. (knemance L))sts as detaiknj in Note 28 5.875 9,367 31