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2021-12-31-accounts

Page
Report ofthe Trustees 3 —7
Report ofthe Independent Auditors 8-10
Statement of Financial Activities
Balance Sheet 12
Statement ofCash Flows 13
Notes to the Financial Statements 14-22

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2021 2020
Total Funds Total Funds
Notes E E
FIXEDASSETS
Tangible assets 10 103,165 51,875
Investments 22,461
CURRENT ASSETS
Debtors falling due within one year 12 98,942 69,840
Cash at bank 7,111,294 7,412,939
7,210,236 7,482,779
CREDITORS
Amounts
falling due within one year		 13 (659,662) (874,554)
NET CURRENT ASSETS 6,550,574 6,608,225
TOTAL ASSETS 6,676,200 6,660,100
FUNDS OF THE CHARITY 15,16
Unrestricted
funds —General		 Fund 109,164 50,875
Restricted funds —Client Funds 6,567,036 6,609,225
TOTAL CHARITY FUNDS 6,676,200 6,660,100

Statement ofCash Flows for the ye ar end ed 31Decem ber 2021
2021 2020
f f
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income for the year, as per the Statement of Financial Activities 16,100 264,435
Adjustments
for:
Non-cash
income received		 (22,461)
Increase/(Decrease)
in creditors		 (214,892) 114,720
(Increase)/Decrease
in debtors		 (29,102) 6,420
(250,355) 385,575
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase oftangible
fixed assets		 (51,290) (51,875)
(51,290) (51,875)
Net cash flows for the year (301,645) 333,700
Cash and Cash Equivalents
at the beginning		 ofthe reporting period 7,412,939 7,079,239
Cash and Cash Equivalents
at the end ofthe reporting		 period 7,111,294 7,412,939

2.
INVESTM		 ENT INCOME
2021 2020
f f
Deposit account interest 2,306 27,878
3.
INCOME		 FROM CHARITABLE ACTIVITIES
Unrestricted Restricted Total Total
Funds
f		 Funds
f		 2021
f		 2020f
Fees 224,137 224,137 234,536
Contributions to Educational Grants
Programme 381,059 381,059 30,925
Government grant from CJRS 31,075
Tax efficient giving from donors —gift aided 8,406,123 8,406,123 8,446,415
donations
605,196 8,406,123 9,011,319 &,742,951
4.
EXPENDITURE ON RAISING FUNDS
2021 2020
f f
Advertising 7,297 11,854
7,297 11,854

Unrestricted Restricted Total Total
Funds Funds 2021 2020
E E E E
Donations to UK and other charities 8,448,312 8,448,312 7,957,145
Educational Grants Programme —staff costs 70,710 70,710 60,516
Educational Grants Programme —non-staff 51,829 51,829 33,840
costs
Educational Grants Programme —grants to 248,100 248,100 249,978
schools
370,639 370,639 344,334
Support costs 165,180 165,180 187,361
535,119 8,448,312 8,983,431 8,488,840

An analysis ofthe maj or support costs in Note 5 is as foll ows:
2021 2020
E E
Staff costs 104,289 146,704
Other administration costs 60,891 40,657
165,180 187,361
7. GOVERNANCE COSTS
2021 2020
E E
6,097 5,700

2021 2020
f f
Salaries 155,732 182,624
Social security costs 14,894 17,535
Pension costs 4,373 7,061
174,999 207,220
The above costs are split as follows:
2021 2020
f f
Educational Grants Programme 70,710 60,516
Support Costs 104,289 146,704
174,999 207,220

Computer
Systems
2021
f
Cost Bought Forward 51,875
Additions
during the year		 51,290
Cost Carried Forward 103,165
DEPRECIATION
Bought Forward
Charge for the year
Carried Forward
NET BOOK VALUE
At 31December 2021 103,165
At 31December 2020 51,875

2021 2020
f f

2021 2020
f f
Amounts owed by group undertakings 21,988 21,988
Other debtors 76,954 47,852
98,942 69,840

2021 2020
E E
Trade creditors and accruals 172,888 227,691
Amounts owed to group undertakings 486,774 646,863
659,662 874,554

2021 2020
E E
Financial assets measured at fair value through
income and expenditure 7,210,236 7,482,779
Financial liabilities
measured		 at fair value through
income and expenditure 659,662 874,554

Unrestricted Restricted Total Total
Funds Funds 2021 2020
E E E E
Fixed assets 103,165 22,461 125,626 51,875
Current assets 665,661 6,544,575 7,210,236 7,482,779
Current liabilities (659,662) (659,662) (874,554)
109,164 6,567,036 6,676,200 6,660,100

Movement
2020 in Funds 2021
f f f
Unrestricted funds —General Fund 50,875 58,289 109,164
Restricted funds —Client Funds 6,609,225 (42,189) 6,567,036
Total Funds 6,660,100 16,100 6,676,200
Net movement in funds, included in the above, are as follows:
Incoming Resources Movement
resources expended in Funds
f f f
Unrestricted funds —General Fund 607,502 (549,213) 58,289
Restricted funds —Client Funds 8,406,123 (8,448,312) (42,189)
Total Funds 9,013,625 (8,997,525) 16,100