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|Pages||Trustees'
Report||
|---|---|---|---|
|||Independent
Examiner's|Report|
|||Statement of Financial|Activities|
||10|Balance Sheet||
|||Notes to the Financial Statements||
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|||||Unrestricted|Unrestricted|Restricted|Restricted||Total|Unrestricted|Unrestricted|Restricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||Note||Funds||Funds||2022||Funds||Funds|2021|
||||||||F.||||||||
|Income:|||||||||||||||
|Donations
and|||||||||||||||
|legacies|||||90,985||24,390||115,375||130,774||12,739|143,513|
|Income from|||||||||||||||
|charitable|||||||||||||||
|activities|||||16,408||||16,408||19,548|||19,548|
|Income from|||||||||||||||
|investments|||||41||||41||49|||49|
|Other income-|||||||||||||||
|Coronavirus|Job||||||||||||||
|Retention|||||||||||||||
|Scheme grant|||||||||||14,061|||14,061|
|Total income|||||107,434||24,390||131,824||164,432||12,739|177,171|
|Expenditure|on:||||||||||||||
|Raising funds|||||7,640||||7,640||23,729|||23,729|
|Charitable|||||||||||||||
|activities|||||117,739||18,890||136,629||110,859||16,239|127,098|
|Total|||||||||||||||
|Expenditure|||||125,379||18,890||144,269||134,588||16,239|150,827|
|Net income|||||||||||||||
|i(expenditure)|||||(17,945)||5,500||(12,445)||29,844||(3,500)|26,344|
|Reconciliation||of|Funds||||||||||||
|Total funds|||||||||||||||
|brought
forward|||||100,910||1,000||101,910||71,066||4,500|75,566|
|Totalfunds|||||||||||||||
|carried forward||||F|82,965|E|6,500|2|89,465|Z|100,910|8|1,000 8|101,910|
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|THE FORGIVENESS PR|OJECT||||||||
|---|---|---|---|---|---|---|---|---|
|||Company||registered||number:||5042288|
|BALANCE SHEETAT 31 MARCH 2022|||||||||
|||Note||2022||||2021|
|||||R|||||
|FIXEDASSETS|||||||||
|Tangible assets||||||||3,479|
|CURRENT ASSETS|||||||||
|Debtors||9|18,573|||||15,250|
|Cash at bank and in hand|||98,752|||||117,717|
||||117,325|||||132,967|
|CREDITORS: Amounts|falling due within one||||||||
|year||10|(27,860)|||||(34,536)|
|NET CURRENT ASSETS|||||89,465|||98,431|
|NETASSETS|||||89,465||8|101,910|
|RESERVES|||||||||
|Unrestricted
funds|||||82,965|||100,910|
|Restricted funds|||||6,500|||1,000|
|||||R|89,465||8|101,910|
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||||Unrestricted|Restricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
||||Funds||Funds|2022|2021|
||||R|||R||
|Westminster
Foundation||||||||
|Donations received in the year|||18,412|||18,412|3,261|
|Add: Deferred income brought||forward|||11,390|11,390|20,868|
|Less: Deferred income cerned||forward|||||(11,390)|
||||18,412||11,390|29,802|12,739|
|Anonymous|||||5,000|5,000|6,000|
|Guerrand-Hermes|Foundation|for||||||
|Peace|||||8,000|8,000||
|Other donations|and gifts||72,573|||72,573|124,774|
||||90,985|f.|24,390 8|115,375 8|143,513|
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||||Unrestricted|Restricted|Restricted|||Total|||Total|
|---|---|---|---|---|---|---|---|---|---|---|---|
||||Funds|Funds||||2022|||2021|
||||||f.|||||||
||Annual|lecture and events|14,926||||14,926|||16,535||
||RESTORE fees||||||||||2,212|
||Merchandise||1,482|||||1,482|||801|
||||16,408|F|-|E|16,408||8|19,548||
||All the|income for 2021 above was unrestricted.||||||||||
|4.|INCOME FROM INVESTMENTS|||||||||||
||||Unrestricted|Restricted||||Total|||Total|
||||Funds|Funds||||2022|||2021|
||||||R|||||||
||Bank interest receivable|||||||41||||
||||41||||f.|41||8|4g|
||All the|income for 2021 above was unrestricted.||||||||||
|5.|EXPENDITURE ON RAISING FUNDS|||||||||||
|EXPENDIT|URE ON RAISING FUNDS|||||||
|---|---|---|---|---|---|---|---|
|||Unrestricted|Restricted||Total||Total|
|||Funds|Funds||2022||2021|
|Fundraising|expenses||||||11|
|Fundraising
Fundraiser's|(%ofcore salary costs)
fees|5,462
2,178|||5,462
2,178||23,568
150|
|||7,640||F|7,640|E|23,729|
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|6.|EXPENDITURE|ON CHARITA|BLE ACTIVITI|BLE ACTIVITI|ES|ES|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||Unrestricted||Restricted||Total|Unrestricted||Restricted||Total|
|||||Funds
f||Funds
f|2022||Funds||Fundsf|2021|
||Transformational|Models||35,629|||35,629||1,282||3,500|4,782|
||Education|||4,282|||4,282||200|||200|
||Community
outreach|||17,618||5,000|22,618||10,809|||10,809|
||Digital Presence|||8,237|||8,237||14,135|||14,135|
||Core activities|||49,920||13,890|63,810||82,476||12,739|95,215|
||Governance
costs|||2,053|||2,053||1,957|||1,957|
||||f|117,739|f|18,890 f|136,629|f|110,859|f|16,239 f|127,098|
|7.|GOVERNANCE COSTS||||||||||||
|GOVERNANCE|COSTS||||||||
|---|---|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|||Total||Total|
|||Funds|Funds|||2022||2021|
|||||||||E|
|Accountancy||2,040||||2,040||1,944|
|Other governance|costs|13||||13||13|
|||2,053|f|—|f|2,053|2|1,957|
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|8.|TANGIBLE FIXEDASSETS|||||
|---|---|---|---|---|---|
||||Furniture|||
|||The FWord|Fittings &|||
|||Exhibition|Equipment||Total|
||Cost|||||
||At 1 April 2021|44,604|10,254||54,858|
||At 31 March 2022|44,604|10,254||54,858|
||Depreciation|||||
||At 1 April 2021|41,125|10,254||51,379|
||For the year|3,479|||3,479|
||At 31 March 2022|44,604|10,254||54,858|
||Net BookAmounts|||||
||At 31 March 2022|||||
||At 31March 2021|3479|||3,479|
|9.|DEBTORS||2022||2021|
||Trade debtors||9,950||572|
||Other debtors||6,865||8,929|
||Prepayments||1,758||5,749|
||||18573|8|15250|
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|---|---|---|---|---|---|---|---|---|
|10.|CREDITORS: A|MOUNTS|FALLING DUE WITHIN ONE YEAR||||||
|||||||2022||2021|
|||||||f|||
||Trade creditors||||2,160|||245|
||Accruals and deferred
income||||25,700|||34,291|
|||||f|27,860||f|34,536|
|11.|ANALYSIS OF NETASSETS BETWEEN FUNDS||||||||
||||Unrestricted||Restricted|||Total|
|||||Funds||Funds||Total|
|||||||K||R|
||Fund Balances|at 31 March 2022 are|||||||
||represented
by||||||||
||Current assets||110,825|||6,500||117,325|
||Current
liabilities||(27,860)|||-||(27,860)|
||Total Net Assets|||82,965|f|6,500f||89,465|
||Fund Balances|at31Nlarch 2021 were|||||||
||represented
by||||||||
||Tangible fixed assets|||3,479||||3,479|
||Current assets||f3l,967|||'f,000||'f32,967|
||Current liabilities||(34,536)|||||(34,536)|
||Total Net Assets||100,910||8|1,000 l'||101,910|
|12.|NET EXPENDITURE||||||||
|||||||2022f||2021|
||Net expenditure|is stated|after charging:||||||
||Operating
leases|- office|rent|||||17,102|
||Independent
examiner's fees||||2,040|||1,944|
||Depreciation||||3,479|||4,396|
||Staff costs (note|13)|||72,081|||86,919|
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|Staff costs during the year amounted|to:|2022||2021|
|---|---|---|---|---|
|Wages and salaries||71,767||87,039|
|Social security costs||2,550||2,972|
|Other pension costs||2,764||2,908|
|||77,081|8|86,919|
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