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|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|
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|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||-|-|
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||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|-|-|
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|||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|
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|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|
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||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|
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|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|
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|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|
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|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|
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|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|
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|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)||
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|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|
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|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|
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|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|
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|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|
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