OpenCharities

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2022-10-31-accounts

Pages
Trustees' annual
report (incorporating
the director's report) 1to2
Chartered accountants report to the board oftrustees on the preparation
ofthe
unaudited statutory
financial statements
Statement of financial activities (including income and expenditure
account)
Statement of financial position 5
Notes to the financial statements 6to10

Year ended 31 Octob er 2 022
2022 2021
Unrestricted
funds Total funds Total funds
Note f f
Income and endowments
Other trading
activities
5 2,676,921 2,676,921 ( 2,812,046)
Total income 2,676,921 2,676,921 ( 2,812,046)
Expenditure
Expenditure
on raising funds:
Costs of raising donations and legacies 6 9,318,014 9,318,014
Expenditure
on charitable
activities 7,8 1,319 1,319 16,599
Total expenditure 9,319,333 9,319,333 16,599
Net expenditure
and net
movement in funds ( 6,642,412)
(
6,642,412) ( 2,828,645)
Reconciliation
offunds
Total funds brought
forward
35,701,318 35,701,318 38,529,963
Total funds canted
forward
29,058,906 29,058,906 35,701,318

31October 2022
2022 2021
Note
Fixed assets
Investments 12 4,001,252 3,852,321
Current assets
Debtors 13 25,058,674 31,850,017
Creditors: amounts falling due within one year 14 1,020 1,020
Net current assets 25,057,654 31,848,997
Total assets less current liabilities 29,058,906 35,701,318
Net assets 29,058,906 35,701,318
Funds ofthe charity
Unrestricted funds 29,058,906 35,701,318
Total charity funds 15 29,058,906 35,701,318

7.Expenditure
on charitable
7.Expenditure
on charitable
7.Expenditure
on charitable
7.Expenditure
on charitable
activities activities activities by fund type by fund type
Unrestricted Total Funds Unrestricted Total Funds
Funds 2022 Funds 2021
E
Grants for students attending Universities in
the UK and abroad. 15,399 15,399
Support costs 1,319 1,319 1,200 1,200
1,319 1,319 16,599 16,599
8.Expenditure
on charitable
activities by activity type
Total funds
Support costs 2022 Total fund 2021
Grants for students attending Universities in the UK and
abroad. 15,399
Governance costs 1,319 1,319 1,200
1,319 1,319 16,599
9.Analysis
of grants
2022 2021
6
Grants to individuals
Grants to individuals 15,399
Total grants 15,399
10.Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
2022 2021
The average head count ofemployees during
the year
was 4 (2021:4 ).The average number offull-time equivalent
employees
during
the year is analysed as follows:
2022 2021
No. No.
Number
of staff -
management
12.Investments Shares
in group
undertakings
f
Cost or valuation
At 1 November
2021
3,852,321
Additions
Fair value movements 148,931
At 31October 2022 4,001,252
Impairment
At 1 November
2021 and 31 October 2022
Carrying
amount
At 31October 2022 4,001,252
At 31 October 2021 3,852,321
accounts
and has not
13.Debtors
do ne so, therefore the accounts show inf ormation
about the co
mpany as an
2022 2021
Other debtors 25,058,674 31,850,017
14.Creditors: amounts falling due within one year
2022 2021
Accruals and deferred income 1,020 1,020

At 1 November At 1 November At 31October
2021 Income Expenditure 2022
f
General funds 35,701,318 2,676,921 (9,319,333) 29,058,906
At 1 November At 31 October
2020 Income Expenditure 2021
E E f f
General funds 38,529,963 (2,812,046) (16,599) 35,701,318
16.Analysis of net assets between funds
Unrestricted Total Funds
Funds 2022
Tangible fixed assets 4,001,252 4,001,252
Current assets 25,058,674 25,058,674
Creditors less than 1 year (1,020) (1,020)
Net assets 29,058,906 29,058,906
Unrestricted Total Funds
Funds 2021
E E
Tangible fixed assets 3,852,321 3,852,321
Current assets 31,850,017 31,850,017
Creditors less than 1 year (1,020) (1,020)
Net assets 35,701,318 35,701,318