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|Trustees||Lord John Nash||||
|---|---|---|---|---|---|
|||Lady Caroline Nash||||
|||Mr Gilbert Chalk||||
|||Mr John Putt||(Appointed|19February|
|||||2020)||
|||Mr David Bloch||(APPointed|2 April 2022)|
|Charity|number|1114396||||
|Principal|address|Future||||
|||c/o Future Academies||||
|||Chichester
Street||||
|||London||||
|||SW1V 3AT||||
|Auditor||Alexander James & Company|Limited|||
|||Upper Deck||||
|||Admirals
Quarters||||
|||Portsmouth
Road||||
|||Thames
Ditton||||
|||Surrey||||
|||KT7 OXA||||
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|||Page|
|---|---|---|
|Trustees'
report||t -5|
|Statement
ofTrustees'|responsibilities||
|Independent
auditor's|report|7-8|
|Statement
offinancial|activities||
|Balance sheet||to|
|Statement
ofcash flows|||
|Notes to the financial|statements|12 - 18|
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||||||Unrestricted|Total|Unrestricted|Total|
|---|---|---|---|---|---|---|---|---|
||||||funds||funds||
|||||Notes|2020|2020|2019f|2019|
|Income from:|||||||||
|Donations
and|legacies|||3|252,482|252,482|6,262,360|6,262,360|
|Investments||||4|37,729|37,729|38,728|38,728|
|Total income|||||290,211|290,211|6 301 088|6301 088|
|~di|||||||||
|Raising funds||||5|24,888|24,888|8,629|8,629|
|Charitable
activities||||6|551,049|551,049|1,334,724|1,334,724|
|Total expenditure|||||575,937|575,937|1,343,353|1,343,353|
|Net gains/(losses)||on investments||10|(12,925)|(12,925)|(61,929)|(61,929)|
|Net (outgoing)/incoming|||resources||(298,651)|(298,651)|4,895,806|4,895,806|
|Other recognised||gains|and losses||||||
|Other gains or|losses|||12|(4,941)|(4,941)|(662)|(662)|
|Net movement|in|funds|||(303,592)|(303,592)|4,895,144|4,895,144|
|Fund balances|at 1 November 2019||||6,157,500|8,157,500|3,262,356|3,262,356|
|Fund balances|at|31 October 2020|||7,S53,908|7,853,908|8,157,500|8,157,500|
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||||||2020||2019||
|---|---|---|---|---|---|---|---|---|
|||||Notes|8||8||
|Fixed assets|||||||||
|Investments||||13||6,788,356||8,248,306|
|Current assets|||||||||
|Debtors||||14|||75,000||
|Cash at bank|and|in|hand||1,087,832||1,850,664||
||||||1,087,832||1,925,664||
|Creditors: amounts
one year|||falling due within|15|(22,080)||(16,470)||
|Net current assets||||||1,065,552||1.909,194|
|Total assets|lees|current gabilities||||7,853,908||8,157 5PP|
|Income funds|||||||||
|Unrestricted|funds|||||7,853,908||8,157,500|
|||||||7,853,908||8,157,500|
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|||||2020||2019|
|---|---|---|---|---|---|---|
||||Notes|f||f|
|Cash flows from operating||activities|||||
|Cash (absorbed
by)/generated||from|17||||
|operations|||||(247,786)|4,978,234|
|Investing|activities||||||
|Purchase|of investments|||4,260,478||(6,756,630)|
|Proceeds|from disposal
of investments|||(4,813,453)||1,858,409|
|Investment|income received|||37,729||38,728|
|Net cash|used in investing|activities|||(515,246)|(4,859,493)|
|Net cash|used in financing|activities|||||
|Net (decrease)/increase
in||cash and|cash||||
|equivalents|||||(763,032)|118,741|
|Cash and|cash equivalents
at beginning||ofyear||1,850,664|1,731,923|
|Cash and|cash equivalents|at end of|year||1,087,632|1,850,664|
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|Donations|and legacies|||
|---|---|---|---|
|||Unrestricted|Unrestricted|
|||funds|funds|
|||2020|2019|
|Donations|and gifts|252,482|6,262,360|
|Investments||||
|||Unrestricted|Unrestricted|
|||funds|funds|
|||2020|2019|
|||6|6|
|Income from listed investments||33,564|30,717|
|Interest receivable||4,165|8,011|
|||37,729|38,728|
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||||Unrestricted|Unrestricted|
|---|---|---|---|---|
||||funds|funds|
||||2020|2019|
|||||6|
|Investment|mana|ament|24,888|8,629|
||||24,888|8,629|
##
|||Grants to|Grants to|Total|Grants to|Grants to|Total|
|---|---|---|---|---|---|---|---|
|||Future|other|2020|Future|other|2019|
|||Academies|charities||Academies|charities||
|||2020|2020||2019|2019||
||||6|||6||
|Grants made||223,366|316,591|539,957|1,153,596|169.500|1,323.096|
|Share of governance
costs (see note 7)||11,092||11,092|11,628||11,628|
|||234,458|316,591|551,049|1,165,224|169,500|1,334,724|
|Support costs||||||||
|||||Support|Governance|2020|2019|
|||||costs|costs|||
|||||5||||
|Audit fees|||||5,760|5,760|5,760|
|Accountancy|||||4,950|4,950|5,100|
|Telephone|and general|expenses|||15|15|308|
|Bank charges|||||367|367|460|
||||||11,092|11,092|11,628|
|Analysed|between|||||||
|Charitable|activities||||11,092|11,092|11,628|
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|Net gains/(|loss|es)
on investments|||
|---|---|---|---|---|
||||Unrestricted
Unrestricted||
||||funds|funds|
||||2020|2019|
||||6||
|Revaluation|of|investments|(42,899)|(32,548)|
|Gain/(loss)|on|sale of investments|29,974|(29,381)|
||||(12,925)|(61,929)|
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||||Unrestricted|Unrestricted|
|---|---|---|---|---|
||||funds|funds|
||||2020|2019|
||||6||
|Foreign|exchange|gains|4,941|662|
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|Fixed asset investments||
|---|---|
||Listed|
||investmentsf|
|Cost or valuation||
|At 1 November 2019|6,248,306|
|Additions|(4,260,478)|
|Valuation
changes|(42,899)|
|Disposals|4,843,427|
|At 31 October 2020|6,788,356|
|Carrying
amount||
|At 31 October 2020|6,788,356|
|At 31 October 2019|6,248,306|
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|14|Debtors|||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2020|2019|
||Amounts
falling due||within one year:|||||E|E|
||Other debtors||||||||75,000|
||Other debtors|represents||Gift Aid recoverable|on donations|received|by the Charity|by the balance|sheet|
||date.|||||||||
|15|Creditors: amounts||falling due within one year|||||||
|||||||||2020|2019|
|||||||||E|E|
||Accruals and|deferred|income|||||22,080|16,470|
##
|17|Cash generated
from operations|Cash generated
from operations|||2020f|2019
f|
|---|---|---|---|---|---|---|
||(Deficit)/surpus
for the year||||(298,651)|4,895,806|
||Adjustments
far:||||||
||Investment
incame recognised|in statement|offinancial|activities|(37,729)|(38,728)|
||Foreign exchange
differences||||(4,941)|(662)|
||(Gain)/lass
on disposal
of investments||||(29,974)|29,381|
||Fair value gains and losses on|investments|||42,899|32,548|
||Movements
in working
capital:||||||
||Decrease
in debtors||||75,000|62,500|
||Increase/(decrease)
in creditors||||5,610|(2,611)|
||Cash (absorbed
by)/generated|from operations|||(247,786)|4,978,234|
|18|Analysis
of changes
in net funds||||||
||The Charity
had no debt during|the year.|||||
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