OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-04-05-accounts

DocuSign Envelope ID: AD8A9955-8EF1-4040-BBC8-BEDEF66062F1

Charity number: 1090028

THE ANNA ROSA FORSTER CHARITABLE TRUST

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

for the year ended 5 April 2022

DocuSign Envelope ID: AD8A9955-8EF1-4040-BBC8-BEDEF66062F1

THE ANNA ROSA FORSTER CHARITABLE TRUST

CONTENTS
Page
Reference and administrative details of the Charity, its Trustees and advisers 1
Trustees' report 2 - 5
Independent examiner's report 6
Statement of financial activities 7
Balance sheet 8
Notes to the financial statements 9 - 19

DocuSign Envelope ID: AD8A9955-8EF1-4040-BBC8-BEDEF66062F1

THE ANNA ROSA FORSTER CHARITABLE TRUST

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS for the year ended 5 April 2022

Trustees

Ms Sarah Sinclair Mr Andrew William Morgan Mr Jonathan Heslop

Charity registered number

1090028

Principal office

14 Bell Villas Ponteland Newcastle upon Tyne NE20 9BE

Accountants

Kinnair Associates Limited Chartered Accountants Aston House Redburn Road Newcastle upon Tyne NE5 1NB

Bankers

Lloyds Bank 102 Grey Street Newcastle upon Tyne NE99 1SL

Stockbrokers

Brewin Dolphin 12 Smithfield Street London EC1A 9BD

Page 1

DocuSign Envelope ID: AD8A9955-8EF1-4040-BBC8-BEDEF66062F1

THE ANNA ROSA FORSTER CHARITABLE TRUST

TRUSTEES' REPORT for the year ended 5 April 2022

The Trustees present their annual report together with the financial statements of the Charity for the year 6 April 2021 to 5 April 2022.

The financial statements have been prepared in accordance with the accounting policies set out in the notes to the financial statements and comply with the charity’s governing document, the Charities Act 2011 and the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

Objectives and activities

Policies and objectives

(a) as to £10,000 to invest the same and to pay the annual income thereof to The Anna Rosa Forster Charitable Trust (as defined in (b) below) for its general purposes for as long as The Anna Rosa Forster Charitable Trust repairs, maintains, cleanses and re-builds (if necessary) the family memorial at St Andrews Cemetery, Newcastle upon Tyne, with a gift over in default; and

(b) as to the Trust Income to divide the same equally between such charitable institution or institutions (or such other charitable objects or purposes) relating to each of the following fields: –

  1. Medical research

  2. Animal welfare

  3. Famine relief

As the Trustees may from time to time in their absolute discretion select and in such shares and manner they may from time to time think fit and proper provided that if charitable work in any of the fields referred to in sub clauses 1, 2 and 3 above shall at any time cease, then the share of income to be applied in such field or fields shall be applied to such field or fields where charitable work has not ceased and if more than one in equal shares provided further that if in any particular year there is a special requirement (in the opinion of the Trustees) for money to be applied in any of the particular fields referred to in the sub clauses above then available income (either from the current year or previous year) may be transferred from the share of income applicable to the other field or fields and such transfer can be made at the absolute discretion of the Trustees and can be for such an amount as the Trustees think fit.

(c) The Trustees confirm that they have referred to the general guidance on public benefit published by the Charity Commission when reviewing the charity's objects and when planning future and conducting current grant-making activities and policies. The objects of the charity are met by making grants to other registered charities and it is by this means that the public benefit requirement is satisfied. If it was decided to make a grant to a person or organisation other than a registered charity then the public benefit of that grant would be considered by the Trustees to ensure that the grant was a charitable disposition.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

Main activities undertaken to further the Charity's purposes for the public benefit

The main activity is to make discretionary grant payments from time to time to institutions which will benefit the general public in due course.

Page 2

DocuSign Envelope ID: AD8A9955-8EF1-4040-BBC8-BEDEF66062F1

THE ANNA ROSA FORSTER CHARITABLE TRUST

TRUSTEES' REPORT (CONTINUED) for the year ended 5 April 2022

Achievements and performance

Key performance indicators

The key financial performance indicator is to increase the capital base of the investments and generate sufficient income to make discretionary grant payments from time to time.

Review of activities

As shown in note five, the Trustees made charitable distributions of £52,493 during the year. Income of £65,238 has been received in the year with expenditure incurred of £80,147. After accounting for investment gains of £152,597 the trust has made a gain of £137,688 for the year to 5 April 2022.

The Trustees have reviewed the major risks to which the charity is exposed and continue to monitor the arrangements and systems in place to mitigate those risks.

Investment policy and performance

The Trustees have absolute discretion for dealing in and disposing of investments as they think fit to the extent that the Trustees shall have the same unrestricted powers of investing, varying and transposing investments as if they were the beneficial owners of the monies in the Charity.

The Trustees have agreed a policy for investing funds (both capital and, pending distribution, income), enabling them to maintain a strategic amount of cash capital and have given investment managers discretion to manage the portfolio of capital investments with an agreed risk profile.

Financial review

Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. The Trustees have considered the effects of the current economic conditions in making this assessment.

Reserves policy

Since 5 April 2002, the Trustees have made charitable donations of the majority of the balance on the Income Fund. The Trustees have decided that in future years they will, as far as possible, distribute the balance of the income from the previous financial year, leaving only an amount to meet administration expenses.

Page 3

DocuSign Envelope ID: AD8A9955-8EF1-4040-BBC8-BEDEF66062F1

THE ANNA ROSA FORSTER CHARITABLE TRUST

TRUSTEES' REPORT (CONTINUED) for the year ended 5 April 2022

Structure, governance and management

Constitution

The Charity was created out of the Will of the late Miss A R Forster, who died on 28 October 1996. Probate of the Will was granted out of Newcastle upon Tyne District Probate Registry on 4 June 1997.

The Charity was registered by the Charity Commission on 10 January 2002 and was allocated charity number 1090028. The Fund was registered as a subsidiary charity under the name ‘The Anna Rosa Forster Memorial Fund’ on the same date.

There have been no changes in the objectives since the last annual report.

Methods of appointment or election of Trustees

The first Trustees were appointed by the above Will. Since the date of the end of the administration of the Estate of Miss A R Forster deceased (3 August 2000) new Trustees are appointed by the existing Trustees.

Policies adopted for the induction and training of Trustees

There are no formal procedures for the induction and training of Trustees. Senior Trustees ensure, on an informal basis, that new Trustees are given adequate information to ensure that they have knowledge of the charity and their role.

Financial risk management

The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

Principal activities

The charity is a grant making organisation with income derived from investment income and donations received.

Page 4

DocuSign Envelope ID: AD8A9955-8EF1-4040-BBC8-BEDEF66062F1

THE ANNA ROSA FORSTER CHARITABLE TRUST

TRUSTEES' REPORT (CONTINUED) for the year ended 5 April 2022

Statement of Trustees' responsibilities

The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees on 31 March 2023 and signed on their behalf by:

Ms Sarah Sinclair

Mr Jonathan Heslop

Page 5

DocuSign Envelope ID: AD8A9955-8EF1-4040-BBC8-BEDEF66062F1

THE ANNA ROSA FORSTER CHARITABLE TRUST

INDEPENDENT EXAMINER'S REPORT for the year ended 5 April 2022

Independent examiner's report to the Trustees of The Anna Rosa Forster Charitable Trust ('the Charity')

We report to the charity Trustees on our examination of the accounts of the Charity for the year ended 5 April 2022.

Responsibilities and basis of report

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

We report in respect of our examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out our examination we have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with relevant version of the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

We understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice.

We have completed our examination. We confirm that no matters have come to our attention in connection with the examination giving us cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.

We have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our work has been undertaken so that we might state to the Charity's Trustees those matters we are required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for our work or for this report.

Signed: Dated: 31 March 2023 Detlev Anderson FCA Kinnair Associates Limited Chartered Accountants Aston House Redburn Road Newcastle upon Tyne NE5 1NB

Page 6

DocuSign Envelope ID: AD8A9955-8EF1-4040-BBC8-BEDEF66062F1

THE ANNA ROSA FORSTER CHARITABLE TRUST

STATEMENT OF FINANCIAL ACTIVITIES for the year ended 5 April 2022

Note
Income from:
Investments
3
Total income
Expenditure on:
Raising funds
4
Charitable activities
Total expenditure
Net income/(expenditure) before net
gains on investments
Net gains on investments
Net income
Transfers between funds
11
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Restricted
funds
2022
£
412
412
-
-
-
412
242
654
(412)
242
11,091
242
11,333		 Unrestricted
funds
2022
£
64,826
64,826
16,163
63,984
80,147
(15,321)
152,355
137,034
412
137,446
2,568,964
137,446
2,706,410		 Total
funds
2022
£
65,238
65,238
16,163
63,984
80,147
(14,909)
152,597
137,688
-
137,688
2,580,055
137,688
2,717,743		 Total
funds
2021
£
66,292
66,292
14,079
90,632
104,711
(38,419)
476,242
437,823
-
437,823
2,142,232
437,823
2,580,055

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 9 to 19 form part of these financial statements.

Page 7

DocuSign Envelope ID: AD8A9955-8EF1-4040-BBC8-BEDEF66062F1

THE ANNA ROSA FORSTER CHARITABLE TRUST

BALANCE SHEET as at 5 April 2022

Note
Fixed assets
Investments
9
Current assets
Cash at bank and in hand
Creditors: amounts falling due within one
year
10
Net current assets
Total assets less current liabilities
Total net assets
Charity funds
Restricted funds
11
Unrestricted funds
11
Total funds		 133,793
133,793
(9,000)		 2022
£
2,592,950
2,592,950
2,717,743
2,717,743
2,717,743
11,333
2,706,410
2,717,743		 210,459
210,459
(6,719)		 2021
£
2,376,315
2,376,315
2,580,055
2,580,055
2,580,055
11,091
2,568,964
2,580,055

The financial statements were approved and authorised for issue by the Trustees on 31 March 2023 and signed on their behalf by:

Ms Sarah Sinclair

Mr Jonathan Heslop

The notes on pages 9 to 19 form part of these financial statements.

Page 8

DocuSign Envelope ID: AD8A9955-8EF1-4040-BBC8-BEDEF66062F1

THE ANNA ROSA FORSTER CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS for the year ended 5 April 2022

1. General information

The Anna Rosa Forster Charitable Trust is a charitable trust registration number 1090028. The principal office is 14 Bell Villas, Ponteland, Newcastle upon Tyne, NE20 9BE.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Accounting Practice.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the relevant version of the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The Anna Rosa Forster Charitable Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Going concern

The Trustees have a reasonable expectation that the charity has adequate resources to continue to support the charity for the foreseeable future. The Trustees have considered the impacts of the coronavirus pandemic in their assessment and believe the going concern basis of accounting to be appropriate in preparing the annual financial statements.

2.3 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources.

Page 9

DocuSign Envelope ID: AD8A9955-8EF1-4040-BBC8-BEDEF66062F1

THE ANNA ROSA FORSTER CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS for the year ended 5 April 2022

2. Accounting policies (continued)

2.4 Expenditure (continued)

Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

All expenditure is inclusive of irrecoverable VAT.

2.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.6 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘gains/(losses) on investments’ in the statement of financial activities.

Investments held as fixed assets are shown at cost less provision for impairment.

2.7 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.8 Liabilities

Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

2.9 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Page 10

DocuSign Envelope ID: AD8A9955-8EF1-4040-BBC8-BEDEF66062F1

THE ANNA ROSA FORSTER CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS for the year ended 5 April 2022

2. Accounting policies (continued)

2.10 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Capital funds are funds received at the commencement of the trust, other than Accumulated Income, which are regarded by the Trustees as being held to provide a flow of income from which donations can be made.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

3. Investment income

UK Dividends
Overseas income
UK Trust dividends
Unit Trust interest
Bank and Building Society interest
Total 2022		 Restricted
funds
2022
£
-
-
412
-
-
412		 Unrestricted
funds
2022
£
20,208
22,898
16,185
5,445
90
64,826		 Total
funds
2022
£
20,208
22,898
16,597
5,445
90
65,238

Page 11

DocuSign Envelope ID: AD8A9955-8EF1-4040-BBC8-BEDEF66062F1

THE ANNA ROSA FORSTER CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS for the year ended 5 April 2022

3. Investment income (continued)

UK Dividends
Overseas income
UK Trust dividends
Unit Trust interest
Bank and Building Society interest
Total 2021		 Restricted
funds
2021
£
-
-
392
-
-
392		 Unrestricted
funds
2021
£
19,713
24,386
14,273
7,038
490
65,900		 Total
funds
2021
£
19,713
24,386
14,665
7,038
490
66,292

4. Investment management costs

Investment management fees
Investment management fees		 Unrestricted
funds
2022
£
16,163
Unrestricted
funds
2021
£
14,079		 Total
funds
2022
£
16,163
Total
funds
2021
£
14,079

Page 12

DocuSign Envelope ID: AD8A9955-8EF1-4040-BBC8-BEDEF66062F1

THE ANNA ROSA FORSTER CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS for the year ended 5 April 2022

5. Analysis of grants

Grants, Medical research
Grants, Animal welfare
Grants, Famine relief
Total 2022
Grants, Medical research
Grants, Animal welfare
Grants, Famine relief		 Grants to
Institutions
2022
£
17,498
17,498
17,497
52,493
Grants to
Institutions
2021
£
28,812
28,812
19,209
76,833		 Total
funds
2022
£
17,498
17,498
17,497
52,493
Total
funds
2021
£
28,812
28,812
19,209
76,833

6. Analysis of expenditure by activities

Medical research
Animal welfare
Famine relief
Total 2022		 Grant
funding of
activities
2022
£
17,498
17,498
17,497
52,493		 Support
costs
2022
£
3,831
3,830
3,830
11,491		 Total
funds
2022
£
21,329
21,328
21,327
63,984

Page 13

DocuSign Envelope ID: AD8A9955-8EF1-4040-BBC8-BEDEF66062F1

THE ANNA ROSA FORSTER CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS for the year ended 5 April 2022

6. Analysis of expenditure by activities (continued)

Medical research
Animal welfare
Famine relief
Total 2021		 Grant funding
of activities
2021
£
28,812
28,812
19,209
76,833		 Support costs
2021
£
5,174
5,174
3,451
13,799		 Total
funds
2021
£
33,986
33,986
22,660
90,632

Analysis of support costs

Administration expenses
Accountancy and Independent examination
fee
Total 2022
Administration expenses
Accountancy and Independent examination
fee
Total 2021		 Medical
research
2022
£
2,831
1,000
3,831
Medical
research
2021
£
3,969
1,205
5,174		 Animal
welfare
2022
£
2,830
1,000
3,830
Animal
welfare
2021
£
3,969
1,205
5,174		 Famine relief
2022
£
2,830
1,000
3,830
Famine relief
2021
£
2,647
804
3,451		 Total
funds
2022
£
8,491
3,000
11,491
Total
funds
2021
£
10,585
3,214
13,799

Support costs have been split according to grant expenditure.

Page 14

DocuSign Envelope ID: AD8A9955-8EF1-4040-BBC8-BEDEF66062F1

THE ANNA ROSA FORSTER CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS for the year ended 5 April 2022

7. Independent examiner's remuneration

The independent examiner's remuneration amounts to an independent examiner fee of £3,000 ( 2021 - £3,214 ).

8. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2021 - £NIL) .

During the year, no Trustee expenses have been incurred (2021 - £NIL) .

9. Fixed asset investments

Cost or valuation
At 6 April 2021
Additions
Disposals
Revaluations
At 5 April 2022		 Listed
investments
Cash held for
re-investment
£
£
2,297,062
79,253
78,605
82,239
-
(94,567)
150,358
-
2,526,025
66,925		 Total
£
2,376,315
160,844
(94,567)
150,358
2,592,950

All of the fixed asset investments are held in the UK.

10. Creditors: Amounts falling due within one year

Administration charges
Accountancy charges		 2022
£
6,000
3,000
9,000		 2021
£
3,505
3,214
6,719

Page 15

DocuSign Envelope ID: AD8A9955-8EF1-4040-BBC8-BEDEF66062F1

THE ANNA ROSA FORSTER CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS for the year ended 5 April 2022

11. Statement of funds

Statement of funds - current year

Unrestricted
funds
Capital fund
Income fund
Restricted
funds
The Anna Rosa
Forster
Memorial fund
Total of funds		 Balance at 6
April 2021
£
2,444,560
124,404
2,568,964
11,091
2,580,055		 Income
£
-
64,826
64,826
412
65,238		 Expenditure
£
(13,995)
(66,152)
(80,147)
-
(80,147)		 Transfers
in/out
£
-
412
412
(412)
-		 Gains/
(Losses)
£
152,355
-
152,355
242
152,597		 Balance at 5
April 2022
£
2,582,920
123,490
2,706,410
11,333
2,717,743

Page 16

DocuSign Envelope ID: AD8A9955-8EF1-4040-BBC8-BEDEF66062F1

THE ANNA ROSA FORSTER CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS for the year ended 5 April 2022

11. Statement of funds (continued)

Statement of funds - prior year

Unrestricted
funds
Capital fund
Income fund
Restricted
funds
The Anna Rosa
Forster
Memorial fund
Total of funds		 Balance at
6 April 2020
£
1,983,651
148,883
2,132,534
9,698
2,142,232		 Income
£
-
65,900
65,900
392
66,292		 Expenditure
£
(13,940)
(90,771)
(104,711)
-
(104,711)		 Transfers
in/out
£
-
392
392
(392)
-		 Gains/
(Losses)
£
474,849
-
474,849
1,393
476,242		 Balance at
5 April 2021
£
2,444,560
124,404
2,568,964
11,091
2,580,055

12. Summary of funds

Summary of funds - current year

General funds
Restricted funds		 Balance at 6
April 2021
£
2,568,964
11,091
2,580,055		 Income
£
64,826
412
65,238		 Expenditure
£
(80,147)
-
(80,147)		 Transfers
in/out
£
412
(412)
-		 Gains/
(Losses)
£
152,355
242
152,597		 Balance at 5
April 2022
£
2,706,410
11,333
2,717,743

Page 17

DocuSign Envelope ID: AD8A9955-8EF1-4040-BBC8-BEDEF66062F1

THE ANNA ROSA FORSTER CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS for the year ended 5 April 2022

12. Summary of funds (continued)

Summary of funds - prior year

General funds
Restricted funds		 Balance at
6 April 2020
£
2,132,534
9,698
2,142,232		 Income
£
65,900
392
66,292		 Expenditure
£
(104,711)
-
(104,711)		 Transfers
in/out
£
392
(392)
-		 Gains/
(Losses)
£
474,849
1,393
476,242		 Balance at
5 April 2021
£
2,568,964
11,091
2,580,055

13. Analysis of net assets between funds

Analysis of net assets between funds - current year

Fixed asset investments
Current assets
Creditors due within one year
Total		 Restricted
funds
2022
£
11,333
-
-
11,333		 Unrestricted
funds
2022
£
2,581,617
133,793
(9,000)
2,706,410		 Total
funds
2022
£
2,592,950
133,793
(9,000)
2,717,743

Analysis of net assets between funds - prior year

Fixed asset investments
Current assets
Creditors due within one year
Total		 Restricted
funds
2021
£
11,091
-
-
11,091		 Unrestricted
funds
2021
£
2,365,224
210,459
(6,719)
2,568,964		 Total
funds
2021
£
2,376,315
210,459
(6,719)
2,580,055

Page 18

DocuSign Envelope ID: AD8A9955-8EF1-4040-BBC8-BEDEF66062F1

THE ANNA ROSA FORSTER CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS for the year ended 5 April 2022

14. Related party transactions

During the year the Charity used the services of the practice of Nicholson & Morgan (Solicitors) in which J Heslop and S Sinclair are partners, at a cost of £8,495 (2021: £10,705). As at 5th April 2022, £6,000 (2021: £3,505) was owed to Nicholson & Morgan (Solicitors).

Page 19