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|||||Page|
|---|---|---|---|---|
|Reference and administrative|details of|the Charity,|its Trustees and advisers||
|Trustees'
report||||2-3|
|Trustees'
responsidilities
statement|||||
|Independent
auditors'
report|on the financial statements|||5-8|
|Statement
offinancial
activities|||||
|Balance sheet||||10|
|Statement ofcash flows|||||
|Notes to the financial statements||||12-24|
|Charity
Detailed income and|expenditure|account|||
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||||Unrestricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
||||2022|2022|2022|2021|
|||Note|E|6|E||
|Income and endowments|from:||||||
|Investments|||436||436|53,418|
|Other income||||454,489|454,469|88,361|
|Total income and endowments|||436|454,489|454,925|141,779|
|Expenditure
on:|||||||
|Charitable
activities:|||||||
|Grant making|||1,976,393||1,976,393|1,188,713|
|Total expenditure||5|1,976,393||1,976,393|1,188,713|
|Net (expenditure)/income|||(1,975,957)|454,489|(1,521,468)|(/, 046,934)|
|Transfers
between
funds||13|1,975,957|(1,975,957)|||
|Net movement
in funds before other|||||||
|recognised
gains/(losses)||||(1,521,466)|(1,521,468)|/1,046,934)|
|Other recognised
gains/(losses):|||||||
|Net gain/(losses)
on investments||||(5,429,842)|(5,429,842)|24,630,245|
|Net foreign exchange (losses)/ gain on|||||||
|investments||||2,551,345|2,551,345|('4,681,013)|
|Net movement
in funds||||(4,399,965)|(4,399,965)|18,902,298|
|Reconciliation
offunds:|||||||
|Total funds brought
forward||||64,384,525|64,384,525|45,482 227|
|Net movement
in funds||||(4,399,965)|(4,399,965)|18,902,298|
|Total funds carried forward||||59,984,560|59,984,560|64,384,525|
##
|||||BALANCE SHEET|BALANCE SHEET||||
|---|---|---|---|---|---|---|---|---|
|||||AS AT 5 APRIL 2022|||||
|||||||2022||2021|
|||||Note||6|||
|Fixed assets|||||||||
|Investments||||||47,615,354||50,748,223|
|||||||47,615,354||50,748,223|
|Current assets|||||||||
|Debtors||||10|||22,962||
|Cash at bank||and in hand|||12,385,840||13,670,436||
||||||12,385,840||13,693,398||
|Creditors: amounts|||falling due within one||||||
|year||||11|(16,634)||(57,096)||
|Net current|assets|||||12,369,206||13,636,302|
|Total assets||less current liabilities||||59,984,560||64,384,525|
|Total net assets||||||59,984,560||64,384,525|
|Charity funds|||||||||
|Endowment|funds|||13||59,984,560||64,384,525|
|Unrestricted||funds||13|||||
|Total funds||||||59,984,560||64,384,525|
##
||||||Note|2022
6|2021f|
|---|---|---|---|---|---|---|---|
|Cash flows from operating|activities|||||||
|Net cash used
in operating|activities||||15|(1,993,893)|(1,395,389)|
|Cash flows from investing|activities|||||||
|Dividends
and interest from|investments||||||52,556|
|Proceeds from sale of investments||||||254,372|51,849,065|
|Purchase
of investments|||||||(38,220,456)|
|Interest received||||||436|862|
|Net cash provided
dy investing
activities||||||254,808|13,682,027|
|Change
in cash and cash|equivalents
in||the year|||(1,739,085)|12,286,638|
|Cash and cash equivalents|at the beginning||ofthe year|||13,670,436|1,790,694|
|Change
in cash and cash equivalents||due to exchange||rate movements||454,489|(406,896)|
|Cash and cash equivalents|at the end of||the year||16|12,385,840|13,670,436|
|The notes on pages 12to 24 form part||of these financial||statements||||
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||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2022|2022|2021|
||E||E|
|Income from UK listed investments|||52,556|
|Bank interest receivable|436|436|862|
||436|436|53,418|
|Total2021|53,418|53,418||
##
|||Unrestricted|Endowment|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2022
F|2022
E|2022
F.|2021f|
|Foreign exchange|gains||454,489|454,489||
|Gift aid receivable|||||88,36'I|
||||454,489|454,489|88,361|
|Total2021||88,361||88,361||
##
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|||Grant||||
|---|---|---|---|---|---|
|||funding
of|Support|Total|Total|
|||activities|costs|funds|funds|
|||2022|2022|2022|2021|
|||6|6|F|8|
|Grant|making|1,950,826|25,567|1,976,393|1,188,713|
|Total|2021|728,400|460,313|1,188,713||
|||Grant|Total|Total|
|---|---|---|---|---|
|||making|funds|funds|
|||2022
5|2022f|2021
8|
|Accountancy|fees|1,998|1,998|6,965|
|Auditors
remuneration||5,922|5,922|5,640|
|Professional|costs|17,647|17,647|21,986|
|Bank charges||||18,826|
|Foreign exchange losses||||406,896|
|Total 2022||25,567|25,567|460,313|
|Total 2021||460,313|460,313||
##
##
||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|
||||||||6||
|Grants to institutions|||||||1,950,826|728,400|
||||||||1,950,826|728,400|
|The total grants
paid to institutions||||during||the year was as follows:|||
||||||||2022
f|2021
f|
|Community|development||||||||
|Busoga Trust|||||||790,000|253,000|
|Ensemble|Pour La Difference||||||72,000||
|Health and|welfare||||||||
|Acorns Children's
Hospice||Trust|||||22,000|20,000|
|Centrepoint|Soho||||||31,500|28,500|
|Helen and|Douglas House||||||20,600|18,700|
|NSPCC|||||||20,600|18,700|
|Royal British Legion|||||||7,300|5,600|
|Shelter|||||||19,400|17,600|
|The Trussell Trust||||||||100,000|
|Environment
and heritage|||||||||
|The Woodland
Trust|||||||18,150|16,500|
|Education|||||||||
|St Edmund|Hall - Emergency||Building||Repair Appeal 2020|||107,700|
|St Edmund|Hall - Student|Recruitment/Data||||Analyst|50,000|50,000|
|St Edmund|Hall - Tutorial|Fellowship|||||713,026||
|The King's|School Worcester||- Bursary||Funds||186,250|91,000|
||||||||1,950,826|728,400|
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|||||||2022
5|2021f|
|---|---|---|---|---|---|---|---|
|Fees payable|to the Charity's|auditor||for the audit ofthe Charity's|annual|||
|accounts||||||5,922|5,640|
|Fees payable|to the Charity's|auditor||in respect of:||||
|Accountancy|services|||||4,122|3,930|
|All non-audit|services not included||above||||4,320|
##
||Unlisted|
|---|---|
||investments|
||5|
|Cost or valuation||
|At 6 April 2021|50,748,222|
|Revaluations|(3,132,868)|
|At 5 April 2022|47,615,354|
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||||2022
6|2021f|
|---|---|---|---|---|
|Market value at 6 April 2021|||48,815,396|38,203,929|
|Net unrealised|investment|gain/(loss)|(3,665,663)|5,323,983|
|Additions||||38,220,456|
|Disposals||||(32,932972)|
||||45,149,7'l3|48,815,396|
|Historical cost|at 5 April 2022||43,417,696|43,417,696|
##
||2022
6|2021f|
|---|---|---|
|Due within one year|||
|Other debtors||22962|
|||22962|
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|2022
E|2021
f|
|---|---|
|16,634|57,096|
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|Statement offu|nds - prior year||||||
|---|---|---|---|---|---|---|
||Balance al|||Transfers|Gainsr|Balance at|
||1April 2020|income
9|Expenditure|(cloutf|(Losses)|5April 2021
5|
|Unrestricted|||||||
|funds|||||||
|Unrestricted|||||||
|income fund||141,779|(762,991)|621,212|||
|Endowment|||||||
|funds|||||||
|Endowment|||||||
|Fund|45,482,227||(425,722)|(621,212)|19,949,232|64,384,525|
|Total offunds|45,482,227|141,779|(1,188,713)||19,949,232|64,384,525|
##
|Analysis|of net assets between
funds - cur|rent year|||
|---|---|---|---|---|
|||Unrestricted|Endowment|Total|
|||funds|funds|funds|
|||2022|2022|2022|
|||6||6|
|Fixed asset investments|||47,615,354|47,615,354|
|Current|assets|16,634|12,369,206|12,385,840|
|Creditors|due within one year|(16,634)||(16,634)|
|Total|||59,984,560|59,984,560|
##
|14.|Analysis|of net|assets between|assets between|funds (contin|ued)||||
|---|---|---|---|---|---|---|---|---|---|
||Analysis|of net|assets between||funds - prior|year||||
||||||||Unrestricted|Endowment|Total|
||||||||funds|funds|funds|
||||||||2021
5|2021
E|2021f|
||Fixed asset investments|||||||50,748,223|50,/48, 223|
||Current assets||||||57,096|13,636,302|13,693,398|
||Creditors|due within one year|||||(57,096)||(57,096)|
||Total|||||||64,384,525|64,384,525|
|15.|Reconciliation||of net movement||in funds to|net cash flow from operating||activities||
|||||||||2022|2021|
|||||||||E||
||Net expenditure||for the year (as per Statement|||of Financial|Activities)|(1,521,468)|(1,046,934)|
||Adjustments
for:|||||||||
||Dividends,|interests
and rents||from investments||||(436)|(53,418)|
||Decrease|in debtors||||||22,962||
||Decrease|in creditors||||||(40,462)|(701,933)|
||Gain/Loss|on foreign exchange||||||(454,489)|406,896|
||Net cash|used|in operating|activities||||(1,993,893)|(1,395,389)|
|16.|Analysis|ofcash and cash equivalents||||||||
|||||||||2022|2021|
|||||||||E|E|
||Cash
in hand|||||||12,385,840|13,670,436|
||Total cash and||cash equivalents|||||12,385,840|13,670,436|
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