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2022-12-31-accounts

Annual report forthe year ende	d 31Dece	mber 202	2
Contents
				Pagels)
Directors, Trustees, officers and advisors ..
Directors and Trustees' report for the year ended 31December 2022..				26
Independent auditors' report to the members	of Godolphin	International	Thoroughbred	Leadership
Programme Limited. .
Statement ofBnancial activities for the year ended 31December 2022..
Balance sheet as at31December 2022.
Cash flow statement for the year ended 31December 2022		.
Notes tothe financial statements forthe year	ended 31December 2022.........................,....,...,....,.,„„,

				Note	2022	2021
					E	E
Incoming	resources:
Incoming	resources from generated		funds
Donations	and	gifts in kind			1,099,965	946,682
Total incomin		resources			1099965	946,682
Resources	expended:
Charitable		activities			(1,082,004)	(935,968)
Governance		costs
					(17,961)	(10,714)
Total resources expended					(1,099,965)	(946,682)
Net result	for	the year

				Note	2022	2021
					6	6
Fixed assets
Tan ible assets						231
Totalfixed assets					45	231
Current assets
Prepayments	and accrued		income	9	659,684	341,960
Cash at bank	and in	hand			781	1,167
Total current	assets				660,465	343,127
Creditors: amounts		fallin	due within one year	10	(660,510)	343,358
Net current	liabilities				(45)	231
Total assets	less current liabilities
Net assets
The funds of	the charity:
Unrestricted	income	funds
Total charity	funds

			2022	2021
		Note	6	6
Net cash oufflow from operating	activities	13	386	16,012)
Decrease in cash in the year		14	(386)	(16,012)
			2022	2021
			6	6
Cash balance as at 1January			1,167	17,179
Decrease in cash in the year			386	16012
Cash balance asat31December			781	1,167

3 Do	natio	ns and gifts in kind
			2022	2021
			E	E
Donations	and	gifts in kind:
Non-charitable		organisations	1,015,965	862,682
Gifts in kind			84,000	84,000
			1,099,965	946682

	Support	Other				Support	Other
	costs	costs	Depreciation		2022	costs	costs	Depreciation	2021
	E	E		E	E	E	E	E	E
Charitable activities	997,818	84,000	186		1,082,004	851,762	84,000	206	935,968
Governance
costs		17,961			17,961		10,714		10,714
	997,818	101,961	186		1,099,965	851,762	94,714	206	946,682

		2022	2021
		E	E
Net incoming resources	is stated after charging/(crediting):
Depreciation oftangible	assets	186	206
Loss / (profit) on exchange		16,297	(589)
Auditors' remuneration	for:
Fees payable for the audit		8,988	6,240
Tax compliance services		4,000	3,120

			Computer	equipment
			2022	2021
Cost
At 1January			3,294	26,583
Dis osals				23,289)
At 31December			3,294	3,294
Accumulated	depreciation
At 1January			(3,063)	(26,146)
Charge in the	year		(186)	(206)
Disposals				23,289
At 31December			3,249	(3,063)
Net book amount
At 31December				231
9 Prepayments		and accrued income
			2022	2021
			E	E
Amounts falling due		within one year
Prepayments			24,408	75,699
Accrued donations			635,276	266,261
Prepayments	and accrued income		659,684	341,960

10 Creditors: amounts	10 Creditors: amounts	falling due	falling due	within one year	within one year
									2022	2021
									f	E
Related party creditors								625,629		310,029
Accruals and deferred	income								34,881	33,329
								660,510		343,358
Charity funds
			Incoming		Resources		Incoming		Resources
			resources		expended	2022	resources		expended	2021
				E	f	E	E		E	E
Unrestricted income funds
General reserve			1,099,965		(1,099,965)		946,682	(946,682)
Total charity funds			1,099,965		(1,099,965)		946,682	(946,682)
12 Analysis ofthe	net	assets between			funds
All assets relate to unrestricted			funds.
13 Reconciliation	ofnet incoming			resources to net cash outflow			from operating		activities

13 Reconciliation ofnet incoming resources to net cash o	utflow from operating activities
	2022	2021
	E	E
Continuing activities
Net result for the year
Depreciation oftangible assets	186	206
Increase in debtors	(317,724)	(157,065)
Increase in creditors	317,152	140,847
Net cash outflow from o crating activities	386)	(16,012)

		2022	2021
		E	E
Cash at bank and in hand	at 1January	1,167	17,179
Decrease in cash in the	ear	386	16012)
Net funds at 31December		781	1,167

		2022	2021
		E	E
Balance as at 31December
Creditor		(253,143)	(124,096)
Summary oftransactions	for the year ended 31December
Purchases		281,696	329,452
Donations / Gifts in kind		1,022,015	862,682

Godolphin	LLC
						2022	2021
						E	E
Balance as at31December
Creditor						(163,831)	(43,134)
Summary	oftransactions		forthe year ended 31December
Purchases						189,897	97 105
Godolphin	Ireland	Limited
						2022	2021
						E	E
Balance as at 31December
Creditor						47,217)	(21332)
Summary	oftransactions		for the year ended
Purchases						55,937	36,169
Gifts in kind						84000	84 000
Godolphin	Australia	Pty Limited (previously		Derley Australia	Pty Limited)
						2022	2021
						E	E
Balance as at 31December
Creditor						(161,438)	121,467)
Summary	oftransactions		for the year ended	31December
Purchases						171,682	224,659