|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|
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|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||
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##
|||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|
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||||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|