| Trustees | Lord John Nash | |||||
|---|---|---|---|---|---|---|
| Lady Caroline Nash |
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| Mr Gilbert Chalk | ||||||
| MrJohn Putt |
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| Mr David Bloch | (Appointed | 2 Apdil 2022) | ||||
| Charity | number | 1114396 | ||||
| Principal | address | Future | ||||
| cJo Future Academies | ||||||
| Chichester Street | ||||||
| London | ||||||
| SW1V 3AT | ||||||
| independent | examiner | Alexander James & Company | Limited | |||
| Upper Deck | ||||||
| Admirals Quarters |
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| Portsmouth Road |
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| Thames Ditton |
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| Surrey | ||||||
| KT7 OXA |
| Page | |||
|---|---|---|---|
| Trustees'report | 1-4 | ||
| Independent examineVs |
report | ||
| Statement offinancial |
activities | ||
| Balance sheet | |||
| Statement ofcash flows |
|||
| Notes to the financial | statements | 9-15 |
| Unrestricted | Total | Unrestricted | Total | |||||
|---|---|---|---|---|---|---|---|---|
| funds | funds | |||||||
| Notes | 2021 f |
2021f | 2020f | 2020f | ||||
| Income from: | ||||||||
| Donations and |
legacies | 133,500 | 133,500 | 252,482 | 252,482 | |||
| Investments | 34,855 | 34,855 | 37,729 | 37,729 | ||||
| Total income | 168,355 | 168,355 | 290,211 | 290,211 | ||||
| ~ddt | ||||||||
| Raising funds | 5 | 32,278 | 32,278 | 24,888 | 24,888 | |||
| Charitable activities |
6 | 319,195 | 319,195 | 551,049 | 551,049 | |||
| Total expenditure | 351,473 | 351,473 | 575,937 | 575,937 | ||||
| Net gains/(losses) | on investments | 10 | 985,612 | 985,612 | (12,925) | (12,925) | ||
| Net incoming/(outgoing) | resources | 802,494 | 802,494 | (298,651) | (298,651) | |||
| Other recognised | gains | and losses | ||||||
| Other gains or | losses | 12 | (17,490) | (17,490) | (4,941) | (4,941) | ||
| Net movement | in | funds | 785,004 | 785,004 | (303,592) | (303,592) | ||
| Fund balances | at 1 November 2020 | 7,853,908 | 7,853,908 | 8,157,500 | 8,157,500 | |||
| Fund balances | at | 31October 2021 | 8,638,912 | 8,638,912 | 7,853,908 | 7,853,908 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Notes | 6 | |||||
| Fixed assets | ||||||
| Investments | 13 | 7,285,386 | 6,7e8,35e | |||
| Current assets | ||||||
| Debtors | 14 | 25,000 | ||||
| Cash stbank snd in | hand | 1,354,620 | 'l,087,632 | |||
| 1,379,626 | 1,087,632 | |||||
| Creditors: amounts | falling due within | |||||
| one yeal' | 15 | (26,100) | (22,080) | |||
| Net current assets | 1,353,526 | 1,065,552 | ||||
| Total assets lees cunsnt Iiabgitles | 8,838,912 | 7,853,908 | ||||
| Income funds | ||||||
| Unrestdcted funds |
8,638,912 | 7,853,908 | ||||
| 8,638,912 | 7.853,908 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | 6 | 6 | |||||
| Cash flows from operating | activities | ||||||
| Cash absorbed by operations |
17 | (256,443) | (247,786) | ||||
| Investing | activities | ||||||
| Purchase | ofinvestments | (409,486) | 4,260,478 | ||||
| Proceeds | from disposal of investments |
898,068 | (4,813,453) | ||||
| Investment | income received | 34,855 | 37,729 | ||||
| Net cash | generated from/(used in) |
||||||
| investing | activities | 523,437 | (515,246) | ||||
| Net cash | used in financing | activities | |||||
| Net increase/(decrease) in |
cash and | cash | |||||
| equivalents | 266,994 | (763,032) | |||||
| Cash and | cash equivalents at beginning |
ofyear | 1,087,632 | 1,850,664 | |||
| Cash and | cash equivalents | at end of | year | 1,354,626 | 1,087,632 |
| Donations | and legacies | ||
|---|---|---|---|
| Unrestricted Unrestricted |
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| funds | funds | ||
| 2021 | 2020 | ||
| Donations | and gifts | 133,500 | 252,482 |
| Investments | |||
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| 2021 | 2020 | ||
| F | 6 | ||
| Income from listed investments Interest receivable |
33,510 1,345 |
33,564 4,165 |
|
| 34,855 | 37,729 |
| Raising funds | |||
|---|---|---|---|
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| 2021f | 2020 f |
||
| Investmenlmana | ament | 32,278 | 24,888 |
| 32,278 | 24,888 |
| Charitable | activities | ||||||
|---|---|---|---|---|---|---|---|
| Grants to | Grants to | Total | Grants to | Gran'ts to |
Total | ||
| Future | other | 2021 | Future | other | 2020 | ||
| Academies | charities | Academies | charities | ||||
| 2021f | 2021f | 2020f | 2020 | ||||
| Grants made | 202,114 | 106,303 | 308,417 | 223,366 | 316,591 | 539,957 | |
| Share ofgovernance costs (see note 7) |
10,778 | 10,778 | 11,092 | 11,092 | |||
| 212,892 | 106,303 | 319,195 | 234,458 | 316,591 | 551,049 | ||
| Support costs | |||||||
| Support | Governance | 2021 | 2020 | ||||
| cos'ts | costsf | ||||||
| Audit fees | 5,760 | ||||||
| Accountancy | 8,820 | 8,820 | 4,950 | ||||
| Telephone | and general | expenses | 15 | ||||
| Bank charges | 1,958 | 1,958 | 367 | ||||
| 10,778 | 10,778 | 11,092 | |||||
| Analysed | between | ||||||
| Charitable | activities | 10,778 | 10,778 | 11,092 |
| Net gains/(l | oss | es) on investments |
||
|---|---|---|---|---|
| Unrestricted | Unrestricted | |||
| funds | funds | |||
| 2021 | 2020 | |||
| 6 | ||||
| Revaluation Gain/(loss) |
of on |
investments sale ofinvestments |
977,166 8,446 |
(42,899) 29,974 |
| 985,612 | (12,925) |
| Othergains or lo | sses | ||
|---|---|---|---|
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| 2021 | 2020 | ||
| 8 | |||
| Foreign exchange | gains | 17,490 | 4,941 |
| Fixed asset investments |
| Fixed asset investments | |
|---|---|
| Listed | |
| investments | |
| Cost or valuation At 1 November 2020 Additions 1/aluation changes Disposals |
6,788,356 409,486 977,166 (889,622) |
| At 31 October 2021 | 7,285,386 |
| Carrying amount At 31 October 2021 |
7,285,386 |
| At 31 October 2020 | 6,788,356 |
| Debtors | |||
|---|---|---|---|
| 2021 | 2020 | ||
| Amounts | falling due within one year: | E | E |
| Other debtors | 25,000 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| E | E | ||||
| Accruals | and | deferred | income | 26,100 | 22,080 |
| 17 | Cash generated from operations |
Cash generated from operations |
2021 | 2020 | ||
|---|---|---|---|---|---|---|
| 8 | ||||||
| Surplus/(deficit) for the year |
802,494 | (298,651) | ||||
| Adjustments for. |
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| Investment income recognised |
in statement | offinancial | activities | (34,855) | (37,729) | |
| Foreign exchange differences |
(17,490) | (4,941) | ||||
| Gain on disposal ofinvestments | (8,446) | (29,974) | ||||
| Fair value gains and losses on | investments | (977,166) | 42,899 | |||
| Movements in working capital: |
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| (Increase)/decrease in debtors |
(25,000) | 75,000 | ||||
| Increase in creditors |
4,020 | 5,610 | ||||
| Cash absorbed by operations |
(256,443) | (247,786) | ||||
| 18 | Analysis ofchanges in net funds |
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| The Charity had no debt during |
the year |