| Report ofthe Trustees | 1 to 7 |
|---|---|
| Independent Examiner's Report to the Trustees |
|
| Statement of Financial Activities |
|
| Statement of Financial Position |
to |
| Notes to the Financial Statements | 11to 19 |
| Trustees | |||
|---|---|---|---|
| The trustees | and officers serving | during the year and since the year end | were as follows: |
| Dr Julie Mills OBE (Chair) | |||
| Mr John Sandiford Heigh (Treasurer) |
|||
| Mrs Jacqueline Mace (Vice Chair) |
|||
| (Resigned' . 01 July 2020) | |||
| Mr Al Goatee | |||
| Mr lan Kernohan | |||
| Ms Karen Mitchell | |||
| Prof Vicky Duckworth | |||
| Ms Elizabeth Hess |
|||
| Ms Mica Coleman Jones | |||
| Ms landra MacCagum |
Tchoudnowsky | ||
| Mr Mark Cooper | |||
| Independent | examiner | Victoria Anderson BA (Hone) FCA DChA |
|
| Clark Brownscombe | Limited | ||
| 2 StAndrews Place |
|||
| Lewes, East Sussex | |||
| BN7 1UP | |||
| Bankers | The Co-operative Bank pic |
||
| PO Box 101 | |||
| 1 Balloon Street | |||
| Manchester, M60 4EP |
|||
| CAF Bank Ltd | |||
| 25 Kings Hill Avenue | |||
| Kings Hill, West Mailing | |||
| Kent | |||
| ME194JQ | |||
| Aldemore Bank |
|||
| 50St Mary Axe | |||
| London, | |||
| EC3A 5FR | |||
| Virgin Money | |||
| Jubilee House | |||
| Gosforth | |||
| Newcastle Upon Tyne, |
|||
| NE3 4PL |
| No~es | Unrestricted | Restricted | 2022 | 2021 | ||
|---|---|---|---|---|---|---|
| funds | funds | |||||
| f | 5 | |||||
| Income and endowments | from: | |||||
| Donations and legacies |
84,305 | 189,750 | 274,055 | 309,711 | ||
| Other trading activites |
346 | 345 | 1,197 | |||
| Investments | 7,238 | 7,238 | 6,838 | |||
| Total | 91,889 | 189,750 | 281,639 | 317,746 | ||
| Expenditure on: |
||||||
| Raising funds | (2,741) | (2,741) | ||||
| Charitable activities |
5/5 | (95,525) | (140,703) | (239,228) | (237,857) | |
| Total | (101,266) | (140,703) | (241,969) | (237,857) | ||
| Net gains/(losses) on investments |
5,573 | 5,573 | 15,606 | |||
| Transfers between funds |
32,054 | (32,054) | ||||
| Other recognised gains/losses |
||||||
| Net movement in funds |
28,250 | 16,993 | 45,243 | 95,495 | ||
| Reconciliation offunds |
||||||
| Total funds brought forward |
266,430 | 373,700 | 640,130 | 544,635 | ||
| Total funds carried forward | 294,680 | 390,693 | 685,373 | 640,130 |
| Notes | 2022 | 2021 | |||
|---|---|---|---|---|---|
| Fixed assets | |||||
| Tangible assets | 12 | 575 | 3,433 | ||
| investments | 13 | 274,302 | 267,384 | ||
| 274,877 | 270,817 | ||||
| Current assets | |||||
| Debtors | 14 | 19,477 | 22,576 | ||
| Cash at bank and | in hand | 399,984 | 354,041 | ||
| 419,461 | 376,617 | ||||
| Creditors: amounts | falling due within one year | 15 | (8,965) | (7,304) | |
| Net current assets | 410,496 | 359,313 | |||
| Total assets | less current liabilities | 685,373 | 640,130 | ||
| Net assets | 685,373 | 640,130 | |||
| The funds ofthe charity | |||||
| Restdicted | income | funds | 15 | 390,693 | 373,700 |
| Unrestricted | income funds | 16 | 294,680 | 256,430 | |
| Total funds | 665,373 | 640,130 |
| Unrestricted | Restricted | 2022 | 2021 | |||
|---|---|---|---|---|---|---|
| funds | funds | |||||
| 6 | 6 | 6 | 6 | |||
| Donations | received | 84,305 | 169,750 | 274,055 | 309,711 | |
| 84,305 | 189,750 | 274,055 | 309,711 | |||
| ncome earned from other activities | ||||||
| 2022 | 2021 | |||||
| 6 | 6 | |||||
| Unrestricted | funds | |||||
| Fund raising | and Publicity | 346 | 1,197 | |||
| 346 | 1,197 |
| 4.Investment income |
|---|
| Unrestricted funds |
| Income from listed investments |
| income from cash/settlements |
| held in an investment portfolio |
| 2022 | 2021 |
|---|---|
| 6 | f |
| 6,681 | 6,103 |
| 557 | 735 |
| 7,238 | 6,838 |
| osts ofcharitable | activities | by fund type | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | 2022 | 2021 | |||
| funds | funds | |||||
| f | f | |||||
| Bursary Programme | 140,703 | 140,703 | 151,175 | |||
| Support costs | 98,525 | 98,525 | 86,682 | |||
| 98,525 | 140,703 | 239,228 | 237,857 | |||
| osts of charitable | activities | by activity type | ||||
| Activities | Support | 2022 | 2021 | |||
| undertaken | costs | |||||
| directly | ||||||
| f | ||||||
| Support costs | ||||||
| Bursary Programme | 140,703 | 98,525 | 239,228 | 237,857 |
| Bursary Programme | Bursary Programme |
|---|---|
| Other Office | Expenses |
| Investment | |
| Management | Costs |
| Website and | IT |
| Staff Costs | |
| Accountancy | |
| Consultancy | |
| Governance | costs |
| 2022 | 2021 |
|---|---|
| f | f |
| 6,748 | 5,194 |
| 2,418 | 2,323 |
| 7,598 | 8,724 |
| 60,081 | 56,761 |
| 12,000 | 12,000 |
| 8,000 | |
| 1,680 | 1,680 |
| 98,525 | 86,682 |
| Salaries and wages | Salaries and wages | |
|---|---|---|
| Social security | costs | |
| pension costs | ||
| No employee | earned more than 660,000during | the year (nil:2021). |
| Employees |
| 2022 | 2021 |
|---|---|
| 6 | |
| 2,858 | 3,733 |
| 1,680 | 1,680 |
| 1,559 | 1,620 |
| 2022 | 2021 |
| 6 | 6 |
| 57,167 | 54,113 |
| 1,361 | 1,028 |
| 1,559 | 1,620 |
| 60,087 | 56,761 |
| 2022 | 2021 |
| 11.Comparative for t |
he State | ment of Financial Activities | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | 2021 | |||
| funds | funds | ||||
| 6 | 6 | ||||
| Income and endowments | from: | ||||
| Donations and legacies |
103,861 | 205,850 | 309,711 | ||
| Other trading activites |
1,197 | 1,197 | |||
| investments | 6,838 | 6,838 | |||
| Total | 111,896 | 205,850 | 317,746 | ||
| Expenditure on: |
|||||
| Charitable activities |
(89,682) | (148,175) | (237,857) | ||
| Total | (89,682) | (148,175) | (237,857) | ||
| Net gains/(losses) | on investments | 15,606 | 15,606 | ||
| Transfers between |
funds | 32,600 | (32,600) | ||
| Other recognised | gains/losses | ||||
| Net movement in funds |
70,420 | 25,075 | 95,495 | ||
| Reconciliation offunds |
|||||
| Total funds brought | forward | 196,010 | 348,625 | 544,635 | |
| Total funds carried forward | 266,430 | 373,700 | 640,130 | ||
| 12.Tangible fixed assets | |||||
| Offic | |||||
| Cost or valuation | equipment | ||||
| 6 | |||||
| At 01 June 2021 | 25,643 | ||||
| At 31 May 2022 | 25,643 | ||||
| Depreciation | |||||
| At 01 June 2021 | 22,210 | ||||
| Charge for year | 2,858 | ||||
| At 31 May 2022 | 25,068 | ||||
| Net book values | |||||
| At 31 May 2022 | 575 | ||||
| At 31 May 2021 | 3,433 |
| 2022 | 2021 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | funds | ||||||||||
| Listed investments | 274,302 | 267,384 | |||||||||
| 274,302 | 267,384 | ||||||||||
| Debtors | |||||||||||
| 2022 | 2021 | ||||||||||
| f | |||||||||||
| Amounts | due | within | one year: | ||||||||
| Trade debtors | 15,000 | 18,000 | |||||||||
| Prepayments | and accrued income | 4,477 | 4,293 | ||||||||
| Other debtors | 283 | ||||||||||
| 19,477 | 22,576 | ||||||||||
| Creditors: | amounts | falling due | within one year | ||||||||
| 2022 | 2021 | ||||||||||
| f | |||||||||||
| Other creditors | 1,411 | ||||||||||
| Accruels snd | deferred | income | 7,554 | 7,304 | |||||||
| 8,965 | 7,304 | ||||||||||
| Movement | In | funds | |||||||||
| Unrestricted | Funds | ||||||||||
| Balance at | Incoming | Outgoing | TI'arts/srs | Gams and | Balance at | ||||||
| 01/06/2021 | resources | resources | losses | 31/05/2022 | |||||||
| f | f | f | f | ||||||||
| General | |||||||||||
| Designated | funds | 191,430 | 91,889 | (101,266) | 32,054 | 5,573 | 219,680 | ||||
| General | 75,000 | 75,000 | |||||||||
| 266,430 | 91,889 | (101,266) | 32,054 | 5,573 | 294,680 |
| Unrestricted | Funds - Pr | evious year | |||||
|---|---|---|---|---|---|---|---|
| Balance at | Incoming | Outgoing | Transfers | Gains and | Balance at | ||
| 01/06/2020 | resources | resources | losses | 31/05/2021 | |||
| 6 | 6 | 6 | |||||
| General | |||||||
| Designated | funds | 121,010 | 111,896 | (89,682) | 32,600 | 15,606 | 191,430 |
| General | 75,000 | 75,000 | |||||
| 196,010 | 111,896 | (89,682) | 32,600 | 15,606 | 266,430 |
| Restricted Funds | |||||
|---|---|---|---|---|---|
| Balance at | Incoming | Outgoing | Transfers | Balance at | |
| 01/05/2021 | resources | resources | 31/05/2022 | ||
| 8 | 5 | ||||
| Badged Bursaries | 373,700 | 189,750 | (140,703) | (32,054) | 390,693 |
| 373,700 | 189,750 | (140,703) | (32,054) | 390,693 | |
| Restricted Funds - Previous year | |||||
| Balance at | Incoming | Outgoing | Transfers | Balance at | |
| 01/06/2020 | resources | resources | 31/05/2021 | ||
| 8 | 6 | ||||
| Badged Bursaries | 348,625 | 205,850 | (148,175) | (32,600) | 373,700 |
| 348,625 | 205,850 | (148,175) | (32,600) | 373,700 |
| Analysis of | ne | t assets between funds | ||||
|---|---|---|---|---|---|---|
| Tangible | Investments | Net current | Net Assets | |||
| fixed assets | assets I | |||||
| igablgtles) | ||||||
| f | ||||||
| Unrestricted | funds | |||||
| General | ||||||
| Designated | funds | 575 | 204,302 | 14,803 | 219,680 | |
| General | 70,000 | 5,000 | 75,000 | |||
| Restricted funds | ||||||
| Badged | Bursaries | 390,693 | 390,693 | |||
| 575 | 274,302 | 410,496 | 585,373 | |||
| Previous year | ||||||
| Tangible | Investments | Net current | Net Assets | |||
| fixed assets | assets I | |||||
| glsbllltles) | ||||||
| 5 | ||||||
| Unrestricted | funds | |||||
| General | ||||||
| Designated | funds | 3,433 | 197,384 | (9,387) | 191,430 | |
| General | 70,000 | 5,000 | 75,000 | |||
| Restricted funds | ||||||
| Badged | Bursaries | 373,700 | 373,700 | |||
| 3,433 | 267,384 | 369,313 | 640,130 |