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|Trustees||Katrin Kandel
Burke-Smith|Katrin Kandel
Burke-Smith||||
|---|---|---|---|---|---|---|
|||Simon Fennell
(Chairman)|||||
|||Niall Kirkpatrick|||||
|||Peter Scheli|||||
|||Charles Schrager|||||
|||Norma Timoney|||||
|||Tolga Uzuner|||||
|||Michael Chan|||||
|||Christopher
Forrest|||||
|||Anil Patel|||(Appointed|19March|
||||||2020)||
|Charity number||1092772|||||
|Company|number|04427304|||||
|Principal address||Suite 5, Bank Chambers|||||
|||567 Fulham
Road|||||
|||London|||||
|||SW6 1ES|||||
|Registered|office|Suite 5, Bank Chambers|||||
|||567 Fulham
Road|||||
|||London|||||
|||SW6 1ES|||||
|Auditor||Georgiades
Charalambou||&Co LLP|||
|||283 Green Lanes|||||
|||Palmers Green|||||
|||London|||||
|||N13 4XS|||||
|Bankers||CAF Bank Limited|||||
|||25 Kingshill Avenue|||||
|||Kingskill|||||
|||Kent|||||
|||ME194JQ|||||
|||Barclays Bank UK|Pic||||
|||1 Churchill
Place|||||
|||London|||||
|||E145HP|||||
|||Metro Bank Pic|||||
|||One Southampton|Row||||
|||London|||||
|||WC1B5HA|||||
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|||Page|
|---|---|---|
|Trustees'
report||1-12|
|Independent
auditor's|report|13-16|
|Statement
offinancial|activities|17|
|Balance sheet||18|
|Statement
ofcash flows||19|
|Notes to the financial|statements|20-30|
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||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
||||funds|funds||funds|funds||
|||Notes|2020
f|2020|2020f|2019|2019|2019|
|Income from:|||||||||
|Donations
and legacies||3|357,S91|189,947|547,838|494,006|128,000|622,006|
|investments||4|379||379|728||728|
|Total income|||358,270|189,947|548,217|494,734|128,000|622,734|
|~E*
dit|||||||||
|Raising funds||5|86,757||86,757|87,260||87,260|
|Charitable
activities||6|331,523|80,912|412,435|516,439|50,536|566,975|
|Total resources|||||||||
|expended|||418,280|80,912|499,192|603,699|50,536|654,235|
|Net (expenditure)/income|||||||||
|for the year/|||||||||
|Net movement|in funds||(60,010)|109,035|49,025|(108,965)|77,464|(31,501)|
|Fund balances at 1|||||||||
|November 2019|||468,015|77,464|545,479|576,980||576,980|
|Fund balances|at 31||||||||
|December 2020|||408,005|186,499|594,504|468,015|77,464|545,479|
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||||||2020|2019||
|---|---|---|---|---|---|---|---|
||||Notes||6|f||
|Fixed assets||||||||
|Tangible assets|||||1,203||2,185|
|Current assets||||||||
|Debtors|||12||11,066|19,263||
|Cash at bank and in|hand|||606,935||554,008||
|||||618,001||573,271||
|Creditors: amounts|falling due within|||||||
|one year|||13||(24,700)|(29,977)||
|Net current assets|||||593,301||543,294|
|Total assets less current liabilities|||||594,504||545,479|
|Income funds||||||||
|Restricted funds|||14||186,499||77,464|
|Unrestricted
funds||||||||
|Designated
funds|||15|175,000||175,000||
|General unrestricted|funds|||233,005||293,015||
||||||408,005||468,015|
||||||594,504||545,479|
|The financial
statements||were approved|by the Trustees|on|....5..l..G.f...cL)|||
||||||C|||
|(Ijftu 77 /~//
Simon Fennell~(i
Trustee||an)|Niall
Kir
Trustee||atrick|||
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|||||||2020||2019||
|---|---|---|---|---|---|---|---|---|---|
||||||Notes|6||||
|Cash flows from operating|||activities|||||||
|Cash generated||from operations|||21||53,159||28,085|
|Investing|activities|||||||||
|Purchase|oftangible
fixed assets|||||(1,061)||(1,432)||
|Proceeds|on disposal oftangible|||fixed||||||
|assets||||||450||||
|Investment|income received|||||379||728||
|Net cash|used|in investing|activities||||(232)||(704)|
|Net cash|used|in financing|activities|||||||
|Net increase
in||cash and cash||equivalents|||52,927||27,381|
|Cash and|cash|equivalents|at beginning||of Period||554,008||526,627|
|Cash and|cash|equivalents|at end of||Period||606,935||554,008|
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|Donations|and legaci|es||||||
|---|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|||funds|funds||funds|funds||
|||2020|2020|2020|2019|2019|2019|
|||E|E|E|F|||
|Donations|and gifts|130,686|189,947|320,633|139,939|128,000|267,939|
|Legacies receivable|||||35,329||35,329|
|Government|grants|10,000||10,000||||
|Donated goods and||||||||
|sendces||217,205||217,205|318,738||318,738|
|||357,891|189,947|547,838|494,006|128,000|622,006|
||||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|---|
||||||funds|funds|
||||||2020|2019|
||||||E|E|
|Interest receivable|||||379|728|
|Raising funds|||||||
||||||Unrestricted|Total|
||||||funds||
||||||2020|2019|
||||||E|E|
|Fundraisin||and|ublicit||||
|Activities|undertaken|||directly|60,253|59,645|
|Share of|support||costs||26,504|27,615|
|Fundraising||and publicity|||86,757|87,260|
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||||2020|2019|
|---|---|---|---|---|
|Training
programme|||237,916|305,553|
|Fellowship|costs||68,502|150,963|
||||306,418|456,516|
|Share ofsupport costs (see note 7)|||76,118|82,486|
|Share ofgovernance||costs (see note 7)|29,899|27,973|
||||412,435|566,975|
|Analysis
by fund|||||
|Unrestricted|funds||331,523|516,439|
|Restricted|funds||80,912|50,536|
||||412,435|566,975|
|For the Period ended||31 October 2019|||
|Unrestricted|funds||516,439||
|Restncted|funds||50,536||
||||566,975||
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|Support|cos|ts||||||
|---|---|---|---|---|---|---|---|
||||Support|Governance|2020|2019|Basis ofallocation|
||||costs|costs||||
|||||8||||
|Staff costs|||66,785|3,515|70,300|81,203|Staff time|
|Office overheads|||28,362|1,493|29,855|27,332|Usage|
|Audit fees||||6,900|6,900|6,000|Governance|
|Legal and|professional||||||Governance|
|fees||||1,080|1,080|716||
|Accountancy||fees||22,507|22,507|22,301|Governance|
|Trustee costs||||1,879|1,879|522|Governance|
||||95,147|37,374|132,521|138,074||
|Analysed|between|||||||
|Fundraising|||19,029|7,475|26,504|27,615||
|Charitable|activities||76,118|29,899|106,017|110,459||
||||95,147|37,374|132,521|138,074||
##
|Governance
costs includes
pay|ments
to the auditors
ofL6,900(2019:audito|rs 66,000)for audit|fees.|
|---|---|---|---|
|Net movement
in funds||2020|2019|
|||8||
|Net movement
in funds is stated|after charging/(crediting)|||
|Fees payable
to the company's|auditor for the audit ofthe company's|||
|financial statements||6,900|6,000|
|Depreciation
of owned tangible|fixed assets|1,594|2,902|
|Operating
lease charges||25,940|25,554|
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|The average
|monthl|y
number ofemployees
during th|e Period was:||
|---|---|---|---|---|
||||2020|2019|
||||Number|Number|
|Admin|||||
|Employment|costs||2020|2019|
||||6|F|
|Wages and salaries|||68,716|70,951|
|Other pension|costs||1,584|1,138|
||||70,300|72,089|
|Other employm|ent|costs||8,694|
|Tangible fixed assets|||||
|---|---|---|---|---|
|||Fixtures and|Computers|Total|
|||fittings|||
|Cost|||||
|At 1 November 2019||10,416|16,818|27,234|
|Additions|||1,061|1,061|
|Disposals|||(600)|(600)|
|At 31 December 2020||10,416|17,279|27,695|
|Depreciation
and impairment|||||
|At 1 November 2019||10,060|14,988|25,048|
|Depreciation
charged|in the Period|139|1,455|1,594|
|Eliminated
in respect ofdisposals|||(150)|(150)|
|At 31 December 2020||10,199|16,293|26,492|
|Carrying
amount|||||
|At 31 December 2020||217|986|1,203|
|At 31 October 2019||356|1,829|2,185|
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|Debtors|||
|---|---|---|
||2020|2019|
|Amounts
falling due within one year:|6||
|Other debtors|7,595|2,188|
|Prepayments|3,471|17,075|
||11,066|19,263|
##
|Creditors: amounts
falling due within one year|||
|---|---|---|
||2020|2019|
|||6|
|Other taxation and social security|1,273|3,129|
|Trade creditors|950|701|
|Other creditors|70|13|
|Accruals|22,407|26,134|
||24,700|29,977|
##
||Movement|in funds||Movement|Movement|in funds|||
|---|---|---|---|---|---|---|---|---|
||Incoming|Resources|Balance at|Incoming|Resources||Transfers|Balance at|
||resources|expended|1 November|resources|expended|||31 December|
||||2019|||||2020|
||||6|||||8|
|Fellowship|||||||||
|Programme|166,884|(89,420)|77,464|116,941|(167,906)|||26,499|
|Centres of|||||||||
|Excellence||||150,000|||(20,000)|130,000|
|RCS|||||||||
|Accreditaion|||||||||
|Project||||10,000|||20,000|30,000|
||166,884|(89,420)|77,464|276,941|(167,906)|||186,499|
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|||||||Movement||Movement||
|---|---|---|---|---|---|---|---|---|---|
|||||||in funds||in funds||
||||||Balance at|Incoming|Balance at|Incomms|Balance at|
||||||1 November|resources|1 November|resources|21 December|
||||||2010||2019||2020|
||||||6||6|||
||Designated|funds|||175,000||175,000||175,000|
||||||175,000||175,000||175,000|
|16|Analysis of net assets between|||funds||||||
||||||General|Designated|Restricted|Total|Total|
||||||funds|funds|funds|||
||||||2020|2020|2020|2020|2019|
||||||6|f|6|6|6|
||Fund balances at 31||December|||||||
||2020 are represented||by:|||||||
||Tangible assets||||1,203|||1,203|2,185|
||Current assets/(liabilities)||||231,802|175,000|186,499|593,301|543,294|
||||||233,005|175,000|186,499|594,504|545,479|
||||2020|2019|
|---|---|---|---|---|
||||6|6|
|Within|one|year|13,480|3,290|
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||The Charity is ultimately|controlled|by the members.|by the members.|by the members.||||
|---|---|---|---|---|---|---|---|---|
|21|Cash generated
from|operations|||||2020|2019|
||||||||6|F|
||Surplus/(deficit)
for the|Period|||||49,025|(31,501)|
||Adjustments
for:||||||||
||Investment
income recognised
in statement||||offinancial|activities|(379)|(728)|
||Depreciation
and impairment
oftangible|||fixed assets|||1,593|2,901|
||Movements
in working|capital:|||||||
||Decrease
in debtors||||||8,197|42,618|
||(Decrease)/increase
in|creditors|||||(5,277)|14,795|
||Cash generated
from|operations|||||53,159|28,085|
|22|Analysis
ofchanges|in net funds|||||||
||The charity
had no debt during the||year.||||||