2022-03-31-accounts - Beaufort Cottage Educational Trust

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			Restricted	Unrestricted	Total	Total
			Funds	Funds
			2022	2022	2022	2021
					8
Incoming resources
Income from:
Donations and legacies
Donations			85,000	5,707	90,707	80,000
Investments
Bank interest				14	14	102
Total income			85,000	5,721	90,721	80,102
Resources expended
Expenditare on:
Charitable activities
Support snd sponsorship ofseminars Student support aud summer scholszships				4,399 13/02	4,399 13/02	1,802 864
Margaret GifBn Equine Clinical Research Assistant			46,520		46+20	44,169
Cardiology equipment and software				85	85	476
Gerald Leigh Memorial Lecture costs Equine Veterinary Journal sponsorship			3@16		3,316	4,585 600
Royal Veterinary College: Development ofanon-
invasive diagnostic test for detection offetal sex m the
pregnant mare, pmject costs				31,198	31,198
Catastrophic Injury Consensus	Conference: Fractuze
Risk Assessment ofthe Thoroughbred		Fetlock costs				1,851
Total expenditure			49+36	48,884	98,720	54,347
Net movement in funds			35,164	(43,163j	(7,999)	25,755
Reco ciliation offunds
Total funds brought forward			64,978	79/00	144,478	118,723
Total funds carried forward			100&142	36/37	136,479	144,478

		Note	2022		2021
					6
Fixed assets:
Tany'ble assets			169		254
Current assets:
Debtors: gift aid reclaim Cash atbank aud in hand -Business~account			1,142 124,595	119,581
- Commumty account			13,136	44,993
Total ctovent assets			138,873	164,574
LiabiTitiest
Creditors: amounts due in one year:
Independent examiners fees Administmtion fees Trustee meeting expenses			1,250 1,125 48	1,170 1,080
Margaret GiFen Clinical	Assistant's
expenses			140	18,100
Total current liabilities ¹tcurrent assets			2,563 136,310	20,350	144,224
Total net assets			136,479		144,478
The funds ofthe charity:
Restricted funds Unrestricted funds			100,142 36,337		64,978 79,500
Total charity fand's			136,479		144,478
The fmancial statements	were approved by	the trustees	on i'l 4txo8,and are 2c2.3	signed on	their behalf by:

2	Expenditure on charitable activities
			Grant
			funding of		Support	2022	2021
			activities		costs	Total	Total
	Aenvityr
	Support and sponsorship ofseminars			3,145	1/54	4,399	1,802
	Student support and summer scholarships			12/75	627	13,202	864
	Equine Clinical Research Assistant			45,474	1,046	46,520	44,169
	Cardiology equipment aud software			85		85	476
	Gerald Leigh Memorial Lecture costs			2,062	1+54	3816	4,585
	Equme Veterinary Ioumal Sponsorship						600
	RVC Diagnostic TestPmject costs		31,198			31,198
	Catastrophic Injury Consensus
	Conference: Fracture Risk Assessment of
	the Thoroughbred Fetlock costs						1,851
			94&539		4,181	98,720	53,347
3	Allocation ofsupport costs
						Total	Total
						2022	2021
	Supportcosts
	Governance costs
	Independent examiner's fees					638	585
	Accountancy fees paid to the independent	examiner				637	585
	Administration fees					2,650	2,087
	Other sundry tk trustee meeting expenses					256
						4,181	3,257
	Other support costs
	Websitc costs						1,020
	Total support costs					4,181	4277
	Total support costs are then allocated where appmpriate		to	charitable	activities	based on au	estimate of
	time spent on each charitable activity as follows:
						2022	2021
	Support aud sponsorship ofseminars 30%	(2021:30%)				1454	1,283
	Student support snd summer scholarships 15%(2021:15%)					627	642
	Equine Clinical Research Assistant costs 25% (2021:25%)					1,046	1,069
	Gerald Leigh Memorial Lecture costs 30%(2021:30%)					1,254	1483
	Total allocated					4,181	4,277

4	Tangible assets
		Equipment	Website	Total
		tk software	cost
			f.
	Cost
	At I April 2021 ifr at31March 2022	24,113	2,880	26,993
	Depreciation
	At 1 April 2021	23,859	2,880	26,739
	Provided for the year	85		85
	At31March 2022	23&944	2,880	26,824
	7&letbook value
	At 31March 2022	169		169
	At 31March 2021			254
5	Analysis ofnet assets between funds
	Current year			Total
		Restricted	Unrestricted	Funds
		Funds	Funds	2022
	Tangible assets		169	169
	Net current assets	100,142	36,168	136,310
		100,142	36,337	136,479
	Prior year			Total
		Restricted	Umestricted	Funds
		Funds	Funds	2021
	Tan~ble assets		254	254
	Net current assets	64,978	79,246	144,224
		64,978	79,500	144,478

Current year		Balance			Balance
		IApril	Income	Expenditure	31March
		2021			2022
		0
Suffolk Horse Gerald Leigh	Project Fund Memorial Veterinary	3+19			3,519
Lecture Fund Margaret Gi6'en Equine Clinical		25,876	25,000	(3@16)	47,560
Research Assistant Fund Gerald Leigh Summer Scholarships		35,583	50,000	(46,520)	39,063
Fund			10,000		10,000
Total restricted funds		64@78	85,{100	(49,836)	100,142
Prior year		Balance			Balance
		1April	Income	Expenditure	31March
		2020			2021
Sulfolk Horse Project Fund Gerald Leigh MemorialVe~		3,519			3,519
Lecture Fund Margaret GifFen Post Graduate		5,461	25,000	(4485)	25,876
Epidemiology	Research Project Fund	29,752	50,000	(44,169)	35,583
Total restricted	funds	38,732	75,000	(48,754)	64,978

Current year		Balance	Net		Balance
		1April	movement	in	31March
		2021	fnnds		2022
Geneml Fund Designated Samb	Leigh Legacy Fund	33,455 46,045	(11,880) (31+83)		21,575 14,762
Total unrestricted	funds	79,500	(43,163)		36@37
Prior year		Balance			Balance
		1 April	Net movement		31March
		2020	in fimds		2021
			5		f
Geneml Fund Designated Sarah Leigh Legacy Fund		33,470 46,521	(15) (476)		33,455 46,045
Total unrestricted	funds	79,991	(491)		79,500

Comparative statement offinancial adivities by fund for	the year ended 31March 2021	the year ended 31March 2021
	Restricted	Unrestricted	Total
	Funds	Funds
	2021	20?I	2021
Incoming resources
Income from:
Donations und legacies Donations	75,000	5,000	80,000
Invesxxnenl s
Bank interest		102	102
Total income	75,000	5,102	80,102
Resources expended
Expenditare on:
Cixarixable acnvlxies
Support snd sponsorship ofseminars Student support and summer scholarships Post Graduate Epidemiology Scholarship Cardiology equipment aud software Gerald Leigh Memorial Lecture costs Equine Veterinary Journal Sponsorship	44,169 4,585	1,802 864 476 600	1,802 864 44,169 476 4,585 600
Catastrophic Injuxy Consensus Conference: Fracture Risk Assessmcnt ofthe Thoroughbred Fetlock costs		1,851	1,851
Total expenditure	48,754	5,593	54,347
Net movement in funds	26,246	(491)	25,755
Reconciliu&n offunds Total funds brought forward	38,732	79,991	118,723
Total funds carried forward	64,978	79,500	144,478