| Reports | |
|---|---|
| Referenceandadministrativeinformation | 1 |
| Trustees'report | 2 |
| Independentauditor'sreport | 18 |
| Financialstatements | |
|---|---|
| Statementoffinancialactivities | 22 |
| Balancesheet | 23 |
| Statementofcashflows | 24 |
| Principalaccountingpolicies | 25 |
| Notestothefinancialstatements | 29 |
| Trustees | JamesCarleton |
|---|---|
| MarkClarke | |
| MichaelMoody | |
| ChiefExecutiveandCompanySecretary | RichardPierce-Saunderson |
| Registeredoffice | 66Lincoln'sInnFields |
London |
|
| WC2A3LH | |
| Companyregistrationnumber | 05718135(EnglandandWales) |
| Charityregistrationnumber | 1113064 |
| Auditors | BuzzacottLLP |
| 130WoodStreet | |
London |
|
| EC2V6DL | |
| Bankersandinvestmentmanagers | CHoare&Co |
| 37FleetStreet | |
London |
|
| EC4P4DQ | |
| UBSWealthManagement | |
| 1FinsburyAvenue | |
London |
|
| EC2M2AN | |
| InvestecWealth&InvestmentLimited | |
| 2GreshamStreet | |
London |
|
| EC2V7QN | |
| Solicitors | Farrer&CoLLP |
| 66Lincoln'sInnFields | |
London |
|
| WC2A3LH | |
| Website | www.thefebruaryfoundation.org |
James Carleton
26 November 2021
| Unrestricted | Expendable | Total |
Unrestricted | Expendable | Total |
||
|---|---|---|---|---|---|---|---|
| funds | endowment | 2021 |
funds | endowment |
2020 |
||
| Notes | £ |
£ |
£ | £ | £ |
£ |
|
| Incomefrom: | |||||||
| Donations | — | 2,946,269 | 2,946,269 | — | 2,471,105 | 2,471,105 | |
Giftofshares |
6 |
— |
10,596,000 |
10,596,000 |
— |
10,690,000 |
10,690,000 |
| Investments | 1 | 4,042,771 | — | 4,042,771 | 4,046,113 | — | 4,046,113 |
| Totalincome | 4,042,771 | 13,542,269 | 17,585,040 | 4,046,113 | 13,161,105 | 17,207,218 | |
| Expenditureon: | |||||||
| Investmentmanagementcosts | — | 103,823 | 103,823 | — | 84,363 | 84,363 | |
| Charitableactivities | 2 | 2,470,567 | 9,336,000 | 11,806,567 | 2,256,365 | 10,480,000 | 12,736,365 |
| Totalexpenditure | 2,470,567 | 9,439,823 | 11,910,390 | 2,256,365 | 10,564,363 | 12,820,728 | |
| Netincomebefore(losses)gains | |||||||
oninvestments |
1,572,204 |
4,102,446 |
5,674,650 |
1,789,748 |
2,596,742 |
4,386,490 |
|
| Net(losses)gainsoninvestments | 6 | ||||||
| • Realisedonsale | — | (3,882,697) | (3,882,697) | — | (113,963) | (113,963) |
|
| • Unrealised:changesinmarketvalue | — | (6,278,762) | (6,278,762) | — | 7,883,016 | 7,883,016 | |
| — | (10,161,459) | (10,161,459) | — | 7,769,053 | 7,769,053 | ||
| Netincomeandnetmovementin | |||||||
| fundsfortheyear | 1,572,204 | (8,059,013) | (4,486,809) | 1,789,748 | 10,365,795 | 12,155,543 | |
| Fundbalancesbroughtforwardat | |||||||
| 1March2020 | 13,386,815 | 108,613,210 | 122,000,025 | 11,597,067 | 98,247,415 | 109,844,482 | |
| Fundbalancescarriedforwardat | |||||||
| 28February2021 | 14,959,019 | 102,554,197 | 117,513,216 | 13,386,815 | 108,613,210 | 122,000,025 |
James Carleton
2021 |
2020 |
||
|---|---|---|---|
| Notes | £ | £ | |
| Cashflowsfromoperatingactivities: | |||
| Netcashprovidedby(usedin)operatingactivities | A | 415,295 | (9,022) |
| Cashflowsfrominvestingactivities: | |||
| Dividendsandinterestfrominvestments | 4,056,927 | 4,016,708 | |
| Proceedsfromthedisposalofinvestments | 7,816,488 | 1,719,927 | |
| Purchaseofinvestments | (8,681,547) | (9,315,338) | |
| Netcashprovidedby(usedin)investingactivities | 3,191,868 | (3,578,703) | |
| Changeincashandcashequivalentsintheyear | 3,607,163 | (3,587,725) | |
| Cashandcashequivalentsat1March2020 | B | 2,315,523 | 5,903,248 |
| Cashandcashequivalentsat29February2021 | B | 5,922,686 | 2,315,523 |
| Notestothestatementofcashflows |
| A | Reconciliationofnetmovementinfundstonetcashprovidedby(usedin)operating | Reconciliationofnetmovementinfundstonetcashprovidedby(usedin)operating | Reconciliationofnetmovementinfundstonetcashprovidedby(usedin)operating |
|---|---|---|---|
| activities | |||
2021 |
2020 |
||
£ |
£ |
||
| Netincome(asperthestatementoffinancialactivities) | (4,486,809) | 12,155,543 | |
| Adjustmentsfor: | |||
| Loss(gains)oninvestments | 10,161,459 | (7,769,053) | |
| Dividendsandinterestfrominvestments | (4,042,771) | (4,046,113) | |
| Giftofshares:netmovementonsharesreceivedanddonated | (1,260,000) | (210,000) | |
| Decrease(increase)indebtors | 112,720 | (111,480) | |
| Decreaseincreditors | (69,305) | (27,919) | |
| Netcashprovidedby(usedin)operatingactivities | 415,4295 | (9,022) | |
| B | Analysisofcashandcashequivalents | ||
2021 |
2020 |
||
£ |
£ |
||
| Cashatbankandinhand | 5,186,409 | 500,901 | |
| Cashheldbyinvestmentmanagers(note6) | 736,277 | 1,814,622 | |
| Totalcashandcashequivalents | 5,922,686 | 2,315,523 |
| Investmentincome | ||
|---|---|---|
2021 |
2020 |
|
£ |
£ |
|
| Dividendsandinterestinvestments | 4,029,211 | 4,023,644 |
| Interestoncashholdings | 13,560 | 22,669 |
| 4,042,771 | 4,046,313 |
| Expenditureoncharitableactivities | ||
|---|---|---|
2021 |
2020 |
|
£ |
£ |
|
| Grantspaidtoinstitutionsbycategory | ||
| • Education | 204,579 | 612,144 |
| • Heritage | — | 50,000 |
| • Healthcareandpatientsupport | 1,027,258 | 829,813 |
| End-of-lifecare | 782,186 | 437,844 |
| • Othercategories | 393,953 | 195,875 |
| Totalgrantspaidintheyear | 2,407,976 | 2,125,676 |
| Releaseofprioryeargrantcommitments | (69,630) | — |
| Totalgrantspayable | 2,338,346 | 2,125,676 |
| • Investmentsdonatedtoaregisteredcharity | 9,336,000 | 10,480,000 |
| 11,681,517 | 12,605,676 | |
| GrantandFoundationadministrative expensesincludinggovernance | ||
| costs(note3) | 132,221 | 130,689 |
| 11,806,567 | 12,736,365 |
| Governancecosts | ||
|---|---|---|
2021 |
2020 |
|
£ |
£ |
|
| Feespayabletotheauditor: | ||
| Statutoryaudit | 12,059 | 12,240 |
| Taxationservices | 3,268 | 7,288 |
| Payrollservices | 2,686 | 2,688 |
| 18,013 | 22,216 |
2021 |
2020 |
|
|---|---|---|
£ |
£ |
|
| Staffcostscomprise: | ||
| Wagesandsalaries | 87,000 | 83,140 |
| Socialsecuritycosts | 7,673 | 10,588 |
| Pensioncosts | 6,525 | 6,400 |
| Medicalinsurance | 7,171 | 1,463 |
| 108,369 | 101,591 |
| Fixedassetinvestments Attheyearend,fixedassetinvestmentscomprisedthefollow investment: |
inginvestment | sandcashfor |
|---|---|---|
| Total | Total |
|
2021 |
2020 |
|
£ |
£ |
|
| Marketvalueofinvestmentsat1March2020 | 119,658,838 | 104,084,374 |
| Giftofsharesreceived | 10,596,000 | 10,690,000 |
| Additions | 8,681,547 | 9,315,338 |
| Disposals(proceeds£7,816,488:realisedlosses£3,882,697) | (11,699,185) | (1,833,890) |
| Disposals:SharesdonatedtoaUKcharityatmarketvalue(note2) | 9,336,000 | (10,480,000) |
| Unrealised(losses)gainsintheyear | (6,278,762) | 7,883,016 |
| Marketvalueofinvestmentsat28February2021 | 111,622,438 | 119,658,838 |
| Cashheldforreinvestment | 736,277 | 1,814,622 |
| 112,358,715 | 121,473,460 | |
| Historiccostofinvestmentsat28February2021 | 87,623,924 | 23,572,758 |
| Themarketvalueofinvestmentsat28February2021comprises: | ||
| UKlisted | 93,012,750 | 104,288,203 |
| UKfixedintereststock | 7,402,096 | 8,239,206 |
| Overseaslisted | 8,043,123 | 4,471,091 |
| Overseasfixedinterest | 367,355 | 185,780 |
| Alternatives | 990,305 | 546,079 |
| Property | 1,806,809 | 1,928,479 |
| Cashheldforreinvestment | 736,277 | 1,814,622 |
| 112,356,715 | 121,473,460 |
| .Debtors | ||
|---|---|---|
2021 |
2020 |
|
| £ | £ | |
| Duewithinoneyear | ||
| Accruedinvestmentincome | 57,243 | 71,400 |
| Prepayments | — | 787 |
| Otherdebtors | — | 111,933 |
| 57,243 | 184,120 |
| Creditors | |||
|---|---|---|---|
2021 |
2020 |
||
£ |
£ |
||
| Duewithinoneyear | |||
Accruedexpenses |
31,655 |
31,326 |
|
| Grantspayable | 32,500 | 72,130 | |
| 64,151 | 103,456 | ||
| Dueaftermorethanoneyear | |||
| Grantspayable | 25,000 | 55,000 | |
| Totalcreditors | 89,154 | 158,456 | |
| At28February2021,grantsof£57,500(2020-£127,130)hadbeenapprovedanda | |||
| conditionshadbeensatisfied.InaccordancewiththeFoundation'saccountingpolicy,thes | |||
| amountshavebeenrecognisedasaliabilityin | thebalancesheet. | ||
| Analysisofnetassetsbetweenfunds | |||
| ExpendableUnrestricted | Total | ||
| endowment | funds | 2021 | |
£ |
£ |
£ |
|
| Fundbalancesat28February2021 | |||
| arerepresentedby: | |||
| Investments | 102,554,197 | 9,804,518 | 112,358,715 |
| Currentassets | — | 5,243,652 | 5,243,652 |
| Creditors:amountsfallingduewithinoneyear | — | (64,151) | (64,151) |
| Creditors:amountsfallingdueafteroneyear | — | (25,000) | (25,000) |
| Totalnetassets | 102,554,19714,959,019 | 117,513,216 | |
| ExpendableUnrestricted | Total | ||
| endowment | funds | 2020 | |
£ |
£ |
£ |
|
| Fundbalancesat28February2020 | |||
| arerepresentedby: | |||
| Investments | 108,613,21012,860,250 | 121,473,460 | |
| Currentassets | - |
685,021 |
685,021 |
| Creditors:amountsfallingduewithinoneyear | - | (103,456) | (103,456) |
| Creditors:amountsfallingdueafteroneyear | - | (55,000) | (55,000) |
| Totalnetassets | 108,613,21013,386,815 | 122,000,025 |
| Healthcare | End-of- | ||||
|---|---|---|---|---|---|
| andpatient | Life | ||||
| Education | support | Care | Other | Total | |
| £ | £ | £ | £ | £ | |
| Maximumcommitmentat | |||||
| 1March2020 | 1,546,274 | 1,251,920 | 160,000 | 125,000 | 3,083,194 |
| Paidinyear | (204,580) | (555,000) | (67,500) | (25,000) | (852,080) |
| Newcommitments | 1,223,306 | 467,972 | (32,500) | - | 1,658,778 |
| Maximumcommitmentat | |||||
| 28February2021 | 2,565,000 | 1,164,892 | 60,000 | 100,000 | 3,889,892 |
| Healthcare | End-of- | ||||
|---|---|---|---|---|---|
| andpatient | Life | ||||
| Education | support | Care | Other | Total | |
| £ | £ | £ | £ | £ | |
| Maximumcommitmentat | |||||
| 1March2019 | 192,558 | 1,135,000 | 30,000 | 50,000 | 1,407,558 |
| Paidinyear | |||||
| .Actual | (220,204) | (579,000) | (15,000) | (25,000) | (839,204) |
| Newcommitments | 1,573,920 | 695,920 | 160,000 | 100,000 | 2,519,840 |
| Maximumcommitmentat | |||||
| 29February2020 | 1,546,274 | 1,251,920 | 160,000 | 125,000 | 3,083,194 |
| Reports | |
|---|---|
| Referenceandadministrativeinformation | 1 |
| Trustees'report | 2 |
| Independentauditor'sreport | 18 |
| Financialstatements | |
| Statementoffinancialactivities | 22 |
| Balancesheet | 23 |
| Statementofcashflows | 24 |
| Principalaccountingpolicies | 25 |
| Notestothefinancialstatements | 29 |
| Trustees | JamesCarleton |
|---|---|
| MarkClarke | |
| MichaelMoody | |
| ChiefExecutiveandCompanySecretary | RichardPierce-Saunderson |
| Registeredoffice | 66Lincoln'sInnFields |
London |
|
| WC2A3LH | |
| Companyregistrationnumber | 05718135(EnglandandWales) |
| Charityregistrationnumber | 1113064 |
| Auditors | BuzzacottLLP |
| 130WoodStreet | |
London |
|
| EC2V6DL | |
| Bankersandinvestmentmanagers | CHoare&Co |
| 37FleetStreet | |
London |
|
| EC4P4DQ | |
| UBSWealthManagement | |
| 1FinsburyAvenue | |
London |
|
| EC2M2AN | |
| InvestecWealth&InvestmentLimited | |
| 2GreshamStreet | |
London |
|
| EC2V7QN | |
| Solicitors | Farrer&CoLLP |
| 66Lincoln'sInnFields | |
London |
|
| WC2A3LH | |
| Website | www.thefebruaryfoundation.org |
| Unrestricted | Expendable | Total |
Unrestricted | Expendable | Total |
||
|---|---|---|---|---|---|---|---|
| funds | endowment | 2021 |
funds | endowment |
2020 |
||
| Notes | £ |
£ |
£ | £ | £ |
£ |
|
| Incomefrom: | |||||||
| Donations | — | 2,946,269 | 2,946,269 | — | 2,471,105 | 2,471,105 | |
| Giftofshares | 6 | — | 10,596,000 | 10,596,000 | — | 10,690,000 | 10,690,000 |
| Investments | 1 | 4,042,771 | — | 4,042,771 | 4,046,113 | — | 4,046,113 |
| Totalincome | 4,042,771 | 13,542,269 | 17,585,040 | 4,046,113 | 13,161,105 | 17,207,218 | |
| Expenditureon: | |||||||
| Investmentmanagementcosts | — | 103,823 | 103,823 | — | 84,363 | 84,363 | |
| Charitableactivities | 2 | 2,470,567 | 9,336,000 | 11,806,567 | 2,256,365 | 10,480,000 | 12,736,365 |
| Total expenditure | 2,470,567 | 9,439,823 | 11,910,390 | 2,256,365 | 10,564,363 | 12,820,728 | |
| Netincomebefore(losses)gains | |||||||
| oninvestments | 1,572,204 | 4,102,446 | 5,674,650 | 1,789,748 | 2,596,742 | 4,386,490 | |
| Net(losses)gainsoninvestments | 6 | ||||||
| • Realisedonsale | — | (3,882,697) | (3,882,697) | — | (113,963) | (113,963) |
|
| • Unrealised:changesinmarketvalue | — | (6,278,762) | (6,278,762) | — | 7,883,016 | 7,883,016 | |
| — | (10,161,459) | (10,161,459) | — | 7,769,053 | 7,769,053 | ||
| Netincomeandnetmovementin | |||||||
| fundsfortheyear | 1,572,204 | (8,059,013) | (4,486,809) | 1,789,748 | 10,365,795 | 12,155,543 | |
| Fundbalancesbroughtforwardat | |||||||
| 1March2020 | 13,386,815 | 108,613,210 | 122,000,025 | 11,597,067 | 98,247,415 | 109,844,482 | |
| Fundbalancescarriedforwardat | |||||||
| 28February2021 | 14,959,019 | 102,554,197 | 117,513,216 | 13,386,815 | 108,613,210 | 122,000,025 |
2021 |
2021 |
2020 |
2020 |
||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| Fixedassets | |||||
| Investments | 6 | 112,358,715 | 121,473,460 | ||
| Currentassets | |||||
| Debtors | 7 | 57,243 | 184,120 | ||
| Cashatbankandinhand | 5,186,409 | 500,901 | |||
| 5,243,652 | 685,021 | ||||
| Currentliabilities | |||||
| Creditors:amountsfallingdue | |||||
| withinoneyear | 8 | (64,151) | (103,456) | ||
| Netcurrentassets | 5,179,501 | 581,565 | |||
| Totalassetslesscurrent | |||||
| liabilities | 117,538,216 | 122,055,025 | |||
| Non-currentliabilities | |||||
| Creditors:amountsfallingdue | 8 | ||||
| afteroneyear | (25,000) | (55,000) | |||
| Netassets | 117,513,216 | 122,000,025 | |||
| ThefundsoftheFoundation | 9 | ||||
| Fundsandreserves | |||||
| Capitalfunds | |||||
| Expendableendowment | 102,554,197 | 108,613,210 | |||
| Incomefunds | |||||
| Unrestrictedfunds | 14,959,019 | 13,386,815 | |||
| 117,513,216 | 122,000,025 | ||||
| Approvedbythetrustees | |||||
| andsignedontheirbehalfby: |
2021 |
2020 |
||
|---|---|---|---|
| Notes | £ | £ | |
| Cashflowsfromoperatingactivities: | |||
| Netcashprovidedby(usedin)operatingactivities | A | 415,295 | (9,022) |
| Cashflowsfrominvestingactivities: | |||
| Dividendsandinterestfrominvestments | 4,056,927 | 4,016,708 | |
| Proceedsfromthedisposalofinvestments | 7,816,488 | 1,719,927 | |
| Purchaseofinvestments | (8,681,547) | (9,315,338) | |
| Netcashprovidedby(usedin)investingactivities | 3,191,868 | (3,578,703) | |
| Changeincashandcashequivalentsintheyear | 3,607,163 | (3,587,725) | |
| Cashandcashequivalentsat1March2020 | B | 2,315,523 | 5,903,248 |
| Cashandcashequivalentsat29February2021 | B | 5,922,686 | 2,315,523 |
| Notestothestatementofcashflows |
| A | Reconciliationofnetmovementinfundstonetcashprovidedby(usedin)operating | Reconciliationofnetmovementinfundstonetcashprovidedby(usedin)operating | Reconciliationofnetmovementinfundstonetcashprovidedby(usedin)operating |
|---|---|---|---|
| activities | |||
2021 |
2020 |
||
£ |
£ |
||
| Netincome(asperthestatementoffinancialactivities) | (4,486,809) | 12,155,543 | |
| Adjustmentsfor: | |||
| Loss(gains)oninvestments | 10,161,459 | (7,769,053) | |
| Dividendsandinterestfrominvestments | (4,042,771) | (4,046,113) | |
| Giftofshares:netmovementonsharesreceivedanddonated | (1,260,000) | (210,000) | |
| Decrease(increase)indebtors | 112,720 | (111,480) | |
| Decreaseincreditors | (69,305) | (27,919) | |
| Netcashprovidedby(usedin)operatingactivities | 415,4295 | (9,022) | |
| B | Analysisofcashandcashequivalents | ||
2021 |
2020 |
||
£ |
£ |
||
| Cashatbankandinhand | 5,186,409 | 500,901 | |
| Cashheldbyinvestmentmanagers(note6) | 736,277 | 1,814,622 | |
| Totalcashandcasheauivalents | 5,922,686 | 2,315,523 |
| 1 | Investmentincome | ||
|---|---|---|---|
2021 |
2020 |
||
£ |
£ |
||
| Dividendsandinterestinvestments | 4,029,211 | 4,023,644 | |
| Interestoncashholdings | 13,560 | 22,669 | |
| 4,042,771 | 4,046,313 | ||
| 2 | Expenditureoncharitableactivities | ||
2021 |
2020 |
||
£ |
£ |
||
| Grantspaidtoinstitutionsbycategory: | |||
| • Education | 204,579 | 612,144 | |
| • Heritage | — | 50,000 | |
| • Healthcareandpatientsupport | 1,027,258 | 829,813 | |
| • End-of-lifecare | 782,186 | 437,844 | |
| Othercategories | 393,953 | 195,875 | |
| Totalgrantspaidintheyear | 2,407,976 | 2,125,676 | |
| Releaseofprioryeargrantcommitments | (69,630) | — | |
| Totalgrantspayable | 2,338,346 | 2,125,676 | |
| Investmentsdonatedtoaregisteredcharity | 9,336,000 | 10,480,000 | |
| 11,681,517 | 12,605,676 | ||
| GrantandFoundationadministrativeexpensesincludinggovernance | |||
| costs(note3) | 132,221 | 130,689 | |
| 11,806,567 | 12,736,365 |
| 3 | Governancecosts | ||
|---|---|---|---|
2021 |
2020 |
||
£ |
£ |
||
| Feespayabletotheauditor: | |||
| Statutoryaudit | 12,059 | 12,240 | |
| Taxationservices | 3,268 | 7,288 | |
| Payrollservices | 2,686 | 2,688 | |
| 18,013 | 22,216 |
2021 |
2020 |
|
|---|---|---|
£ |
£ |
|
| Staffcostscomprise: | ||
| Wagesandsalaries | 87,000 | 83,140 |
| Socialsecuritycosts | 7,673 | 10,588 |
| Pensioncosts | 6,525 | 6,400 |
| Medicalinsurance | 7,171 | 1,463 |
| 108,369 | 101,591 |
| Total | Total |
|
|---|---|---|
2021 |
2020 |
|
£ |
£ |
|
| Marketvalueofinvestmentsat1March2020 | 119,658,838 | 104,084,374 |
| Giftofsharesreceived | 10,596,000 | 10,690,000 |
| Additions | 8,681,547 | 9,315,338 |
| Disposals(proceeds£7,816,488:realisedlosses£3,882,697) | (11,699,185) | (1,833,890) |
| Disposals:SharesdonatedtoaUKcharityatmarketvalue(note2) | 9,336,000 | (10,480,000) |
| Unrealised(losses)gainsintheyear | (6,278,762) | 7,883,016 |
| Marketvalueofinvestmentsat28February2021 | 111,622,438 | 119,658,838 |
| Cashheldforreinvestment | 736,277 | 1,814,622 |
| 112,358,715 | 121,473,460 | |
| Historiccostofinvestmentsat28February2021 | 87,623,924 | 23,572,758 |
| Themarketvalueofinvestmentsat28February2021comprises | ||
| UKlisted | 93,012,750 | 104,288,203 |
| UKfixedintereststock | 7,402,096 | 8,239,206 |
| Overseaslisted | 8,043,123 | 4,471,091 |
| Overseasfixedinterest | 367,355 | 185,780 |
| Alternatives | 990,305 | 546,079 |
| Property | 1,806,809 | 1,928,479 |
| Cashheldforreinvestment | 736,277 | 1,814,622 |
| 112,356,715 | 121,473,460 |
| .Debtors | ||
|---|---|---|
2021 |
2020 |
|
| £ | £ | |
| Duewithinoneyear | ||
| Accruedinvestmentincome | 57,243 | 71,400 |
| Prepayments | — | 787 |
| Otherdebtors | — | 111,933 |
| 57,243 | 184,120 |
| Creditors | |||
|---|---|---|---|
2021 |
2020 |
||
£ |
£ |
||
| Duewithinoneyear | |||
| Accruedexpenses | 31,655 |
31,326 |
|
| Grantspayable | 32,500 | 72,130 | |
| 64,151 | 103,456 | ||
| Dueaftermorethanoneyear | |||
| Grantspayable | 25,000 | 55,000 | |
| Totalcreditors | 89,154 | 158,456 | |
| At28February2021,grantsof£57,500(2020-£127,130)hadbeenapprovedanda | |||
| conditionshadbeensatisfied.InaccordancewiththeFoundation's accountingpolicy,thes | |||
| amountshavebeenrecognisedasaliabilityin | thebalancesheet. | ||
| Analysisofnetassetsbetweenfunds | |||
| ExpendableUnrestricted | Total | ||
| endowment | funds | 2021 | |
£ |
£ |
£ |
|
| Fundbalancesat28February2021 | |||
| arerepresentedby: | |||
| Investments | 102,554,197 | 9,804,518 | 112,358,715 |
| Currentassets | — | 5,243,652 | 5,243,652 |
| Creditors:amountsfallingduewithinoneyear | — | (64,151) | (64,151) |
| Creditors:amountsfallingdueafteroneyear | — | (25,000) | (25,000) |
| Totalnetassets | 102,554,19714,959,019 | 117,513,216 | |
| ExpendableUnrestricted | Total | ||
| endowment | funds | 2020 | |
£ |
£ |
£ |
|
| Fundbalancesat28February2020 | |||
| arerepresentedby: | |||
| Investments | 108,613,21012,860,250 | 121,473,460 | |
| Currentassets | - |
685,021 |
685,021 |
| Creditors:amountsfallingduewithinoneyear | - | (103,456) | (103,456) |
| Creditors:amountsfallingdueafteroneyear | - | (55,000) | (55,000) |
| Totalnetassets | 108,613,21013,386,815 | 122,000,025 |
| Healthcare | End-of- | ||||
|---|---|---|---|---|---|
| andpatient | Life | ||||
| Education | support | Care | Other | Total | |
| £ | £ | £ | £ | £ | |
| Maximumcommitmentat | |||||
| 1March2020 | 1,546,274 | 1,251,920 | 160,000 | 125,000 | 3,083,194 |
| Paidinyear | (204,580) | (555,000) | (67,500) | (25,000) | (852,080) |
| Newcommitments | 1,223,306 | 467,972 | (32,500) | — | 1,658,778 |
| Maximumcommitmentat | |||||
| 28February2021 | 2,565,000 | 1,164,892 | 60,000 | 100,000 | 3,889,892 |
| Healthcare | End-of- | ||||
| andpatient | Life | ||||
| Education | support | Care | Other | Total | |
| £ | £ | £ | £ | £ | |
| Maximumcommitmentat | |||||
| 1March2019 | 192,558 | 1,135,000 | 30,000 | 50,000 | 1,407,558 |
| Paidinyear | |||||
| .Actual | (220,204) | (579,000) | (15,000) | (25,000) | (839,204) |
| Newcommitments | 1,573,920 | 695,920 | 160,000 | 100,000 | 2,519,840 |
| Maximumcommitmentat | |||||
| 29February2020 | 1,546,274 | 1,251,920 | 160,000 | 125,000 | 3,083,194 |