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2021-12-31-accounts
| Contents |
|
|
Page |
| Trustees, directors, officers and advisors |
|
| Directors and Trustees’ report fortheyear ended 31 December2021 |
2 |
| Independent auditors’ report to the members ofGodoiphin International Thoroughbred Leadership Programme |
|
| Limited |
6 |
| Statement offinancial activities for the year ended 31 December 2021 |
9 |
| Balance sheet as at 31 December 2021 |
10 |
| Cash flow statementforthe year ended 3 1 December 2021 |
11 |
| Notes to the financial statements for the year ended 31 December2021 |
12 |
| Statementoffinancial activities |
for theyear ended 31 December 2021 |
for theyear ended 31 December 2021 |
for theyear ended 31 December 2021 |
|
Note |
2021 |
2020 |
|
|
£ |
£ |
| Incoming resources: |
|
|
|
| Incoming resources from generated funds |
|
|
|
| Donations and gifts in kind |
3 |
946,682 |
921,364 |
| Total incoming resources |
|
946,682 |
921,364 |
| Resources expended: |
|
|
|
| Charitable activities |
4 |
(935,968) |
(914,112) |
| Governance costs |
4 |
(10,714) |
(7,252) |
| Total resources expended |
|
(946,682) |
(921,364) |
| Net result for the year |
|
- |
- |
| Fund balance brought forward at 1 January |
|
- |
- |
| Fund balance carried forward at 31 December |
|
- |
- |
|
Note |
2021 |
2020 |
|
|
£ |
£ |
| Fixed assets |
|
|
|
| Tangibleassets |
8 |
231 |
437 |
| Totalfixed assets |
|
231 |
437 |
| Current assets |
|
|
|
| Debtors |
9 |
341,960 |
184,895 |
| Cash atbank and in hand |
|
1,167 |
17,179 |
| Total current assets |
|
343,127 |
202,074 |
| Creditors: amounts falling due within one year |
10 |
(343,358) |
(202,511) |
| Net currentliabilities |
|
(231) |
(437) |
| Total assets less current liabilities |
|
- |
- |
| Net assets |
|
- |
- |
| The funds ofthe charity: |
|
|
|
| Unrestricted income funds |
1 1 |
- |
- |
| Total charity funds |
11 |
- |
- |
|
|
2021 |
2020 |
|
Note |
£ |
£ |
| Net cash (outflow) I inflow from operating activities |
13 |
(16,012) |
11,305 |
| Cash flows from investing activities |
|
|
|
| Purchase oftangible assets |
|
|
(554) |
| (Decrease) Iincrease in cash in the year |
14 |
(16,012) |
10,751 |
|
|
2021 |
2020 |
|
|
£ |
£ |
| Cash balance as at 1 January |
|
17,179 |
6,428 |
| (Decrease) / increase in cash in the year |
|
(16,012) |
10,751 |
| Cash balance as at 31 December |
|
1,167 |
17,179 |
3
Donations and gifts in kind |
|
|
|
2021 |
2020 |
|
£ |
£ |
| Donations and gifts in kind: |
|
|
| Non-charitable organisations |
862,682 |
837,364 |
| Gifts in kind |
84,000 |
$4,000 |
|
946,682 |
921,364 |
|
Support |
Other |
|
|
|
Support |
Other |
|
|
|
costs |
costs |
Depreciation |
|
2021 |
costs |
costs |
Depreciation |
2020 |
|
£ |
£ |
|
£ |
£ |
£ |
£ |
£ |
£ |
Charitable
activities |
$51,762 |
84,000 |
206 |
|
935,968 |
$29,775 |
84 000 |
337 |
914,112 |
| Governance |
|
|
|
|
|
|
|
|
|
| costs |
- |
10,714 |
- |
|
10,714 |
- |
7,252 |
- |
7,252 |
|
851,762 |
94,714 |
206 |
|
946,682 |
829,775 |
91,252 |
337 |
921,364 |
5
Net incoming resources |
|
|
|
2021 |
2020 |
|
£ |
£ |
| Net incoming resources is stated after charging: |
|
|
| Depreciation oftangible assets |
206 |
337 |
| (Profit) / loss on exchange |
(589) |
13,334 |
| Auditors’remuneration for: |
|
|
| Fees payable forthe audit |
6,240 |
6,000 |
| Tax compliance services |
3,120 |
2,850 |
8
Tangible assets |
|
|
Computer |
|
equipment |
|
£ |
| Cost |
|
| At 1 January 2021 |
26,583 |
| Disposals |
(23,289) |
| At 31 December 2021 |
3,294 |
| Accumulated depreciation |
|
| At] January2021 |
(26,146) |
| Charge in the year |
(206) |
| Disposals |
23,289 |
| At 31 December2021 |
(3,063) |
| Net book amount |
|
| At 31 December 2021 |
231 |
| At 31 December 2020 |
437 |
9
Debtors |
|
|
|
2021 |
2020 |
|
£ |
£ |
| Amounts falling due within one year |
|
|
| Prepayments |
75,699 |
33,468 |
| Accrued donations |
266,261 |
151,427 |
|
341,960 |
184,895 |
10
Creditors: amounts falling duew |
ithin one year |
|
|
2021 |
2020 |
|
£ |
£ |
| Related party creditors |
310,029 |
120,404 |
| Accruals and deferred income |
33,329 |
82,107 |
|
343,358 |
202,511 |
11
Charityfunds |
|
|
|
|
|
|
|
Incoming |
Resources |
|
Incoming |
Resources |
|
|
resources |
expended |
2021 |
resources |
expended |
2020 |
|
£ |
£ |
£ |
£ |
£ |
£ |
| Unrestricted income funds |
|
|
|
|
|
|
| General reserve |
946,682 |
(946,682) |
- |
921,364 |
(921,364) |
|
| Total charity funds |
946,682 |
(946,682) |
- |
921,364 |
(921,364) |
|
from operatingactivities
- |
|
|
|
2021 |
2020 |
|
£ |
£ |
| Continuing activities |
|
|
| Net result for the year |
- |
- |
| Depreciation oftangible assets |
206 |
337 |
| Increase in debtors |
(157,065) |
(17,585) |
| Increase in creditors |
140,847 |
28,553 |
| Net cash (outflow) I inflow from operating activities |
(16,012) |
11,305 |
14
Analysis ofchanges in net |
funds during theyear |
|
|
|
At |
|
At3J |
|
1 January |
|
December |
|
2021 |
Cash flow |
2021 |
|
£ |
£ |
£ |
| Cashatbankandjnhand |
17,179 |
(16,012) |
1,167 |
| Net funds |
17,179 |
(16,012) |
1,167 |
| Godolphin Management Co. Limited |
|
|
|
2021 |
2020 |
|
£ |
£ |
| Balance as at 31 December |
|
|
| Creditor |
(124,096) |
(19,472) |
| Summary oftransactions for the year ended 31 December |
|
|
| Purchases |
329,452 |
120,903 |
| Donations / Gifts in kind |
862,682 |
837,364 |
| Godoiphin LLC |
|
- |
|
2021 |
2020 |
|
£ |
£ |
| Balance as at 31 December |
|
|
| Creditor |
(43,134) |
(22,866) |
| Summary oftransactions for the year ended 31 December |
|
|
| Purchases |
97,105 |
106,402 |
| Godoiphin Ireland Limited |
|
|
|
2021 |
2020 |
|
£ |
£ |
| Balance as at 31 December |
|
|
| Creditor |
(21,332) |
(5,730) |
| Summary oftransactions for the year ended |
|
|
| Purchases |
36,169 |
124,195 |
| Gifts in kind |
84,000 |
84,000 |
| Godolphin Australia Pty Limited (previously Darley Australia Pty Limited) |
|
|
|
2021 |
2020 |
|
£ |
£ |
| Balance as at 31 December |
|
|
| Creditor |
(121,467) |
(72,336) |
| Summary oftransactions for the year ended 31 December |
|
|
| Purchases |
224,659 |
133,259 |
| DarleyJapanKK |
2021 |
2020 |
|
£ |
£ |
| Summary oftransactions for the year ended 31 December |
|
|
| Purchases |
- |
5,665 |