| Trustees | Lord John Nash | |||||
|---|---|---|---|---|---|---|
| Lady Caroline Nash |
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| Mr Gilbert Chalk | ||||||
| Mr John Putt | ||||||
| Mr David Bloch | (Appointed | 2 April 2022) | ||||
| Charity | number | 1114396 | ||||
| Principal | address | Future | ||||
| cro 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 examiner's |
report | ||
| Statement offinancial |
activities | ||
| Balance sheet | |||
| Statement ofcash flows |
|||
| Notes to the financial | statements | 9-15 |
| Unrestricted | Total | Unrestricted | Total | ||||||
|---|---|---|---|---|---|---|---|---|---|
| funds | funds | ||||||||
| 2022 | 2022 | 2021 | 2021 | ||||||
| Notes | 8 | 8 | F | ||||||
| 0~co e ortL' |
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| Donations and |
legacies | 3 | 187,500 | 187,500 | 133,500 | 133,500 | |||
| Investments | 4 | 49,308 | 49,308 | 34,855 | 34,855 | ||||
| Total income | 236,808 | 236,808 | 168,355 | 168,355 | |||||
| ~Ex ndf~r |
|||||||||
| Raising funds | 5 | 32,072 | 32,072 | 32,278 | 32,278 | ||||
| Charitable activities |
6 | 847,881 | 847,881 | 319,195 | 319,195 | ||||
| Total expenditure | 879,953 | 879,953 | 351,473 | 351,473 | |||||
| Net gains/(losses) | on investments | 10 | (794,322) | (794,322) | 985,612 | 985,612 | |||
| Net (outgoing)/incoming | resources | (1,437,467) | (1,437,467) | 802,494 | 802,494 | ||||
| Other recognised | gains | and | losses | ||||||
| Other gains or | losses | 12 | 2,912 | 2,912 | (17,490) | (17,490) | |||
| Net movement | in | funds | (1,434,555) | (1,434,555) | 785,004 | 785,004 | |||
| Fund balances | at 1 November | 2021 | 8,638,912 | 8,638,912 | 7,853,908 | 7,853,908 | |||
| Fund balances | at | 31October | 2022 | 7,204,357 | 7,204,357 | 8,638,912 | 8,638,912 |
| Notes | 2022 f |
2021 f |
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|---|---|---|---|---|---|---|---|---|
| Fixed assets | ||||||||
| Investments | 13 | 6,957,791 | 7,285,386 | |||||
| Current assets | ||||||||
| Debtors | 14 | 37,500 | 25,000 | |||||
| Cash at bank | and in | hand | 240,926 | 1,354,826 | ||||
| 278,426 | 1,379,626 | |||||||
| Creditors: amounts | falling | due within | ||||||
| one year | 15 | (31.860) | (26,100) | |||||
| Net current assets | 246,566 | 1,353,528 | ||||||
| Total assets | less curmnt | Ilabllides | 7,204,357 | 8,838,912 | ||||
| Income funds | ||||||||
| Unrestricted | funds | 7,204,357 | 8,638,912 | |||||
| 7,204,357 | 6,638.912 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | 6 | 6 | |||||
| Cash flows from operating | activities | ||||||
| Cash absorbed by operations |
17 | (696,281) | (256,443) | ||||
| Investing | activities | ||||||
| Purchase | ofinvestments | (1,421,373) | (409,486) | ||||
| Proceeds | from disposal of investments | 954,646 | 898,068 | ||||
| Investment | income received | 49,308 | 34,855 | ||||
| Net cash | (used in)/generated | from | |||||
| investing | activities | (417,419) | 523,437 | ||||
| Net cash | used in financing | activities | |||||
| Net (decrease)/increase in |
cash and cash | ||||||
| equivalents | (1,113,700) | 266,994 | |||||
| Cash and | cash equivalents at beginning |
ofyear | 1,354,626 | 1,087,632 | |||
| Cash and | cash equivalents | at end ofyear | 240,926 | 1,354,626 |
| Unrestricted | Unrestricted | |||
|---|---|---|---|---|
| funds | funds | |||
| 2022 | 2021f | |||
| Donations | and | gifts | 187,500 | 133,500 |
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2022 | 2021 | ||
| 8 | 8 | ||
| Income | from listed investments | 47,709 | 33,510 |
| Interest | receivable | 1,599 | 1,345 |
| 49,308 | 34,855 |
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2022 | 2021 | |
| 8 | 8 | |
| vestment | 32,072 | 32,278 |
| 32,072 | 32,278 |
| Grants to | Grants to | Total | Grants to | Grants to | Total | ||
|---|---|---|---|---|---|---|---|
| Future | other | 2022 | Future | other | 2021 | ||
| Academies | charities | Academies | charities | ||||
| 2022 | 2022 | 2021 | 2021 | ||||
| 8 | 8 | ||||||
| Grants made | 718,617 | 116,277 | 834,894 | 202,114 | 106,303 | 308,417 | |
| Share ofgovernance | |||||||
| costs (see | note 7) | 12,987 | 12,987 | 10,778 | 10,778 | ||
| 731,604 | 116,277 | 847,881 | 212,892 | 106,303 | 319,195 | ||
| Supportcosts | |||||||
| Support | Governance | 2022 | 2021 | ||||
| costs | costs | ||||||
| Accountancy | 10,800 | 10,800 | 8,820 | ||||
| Telephone | and general | expenses | 1,667 | 1,667 | |||
| Bank charges | 520 | 520 | 1,958 | ||||
| 12,987 | 12,987 | 10,778 | |||||
| Analysed | between | ||||||
| Charitable | activities | 12,987 | 12,987 | 10,778 |
| Net gains/( | loss | es) on investments |
||
|---|---|---|---|---|
| Unrestricted Unrestricted |
||||
| funds | funds | |||
| 2022 f |
2021f | |||
| Revaluation | of | investments | (780,496) | 977,166 |
| Gain/(loss) | on | sale of investments | (13,826) | 8,446 |
| (794,322) | 985,612 |
| Unrestricted | Unrestricted | Unrestricted | |||
|---|---|---|---|---|---|
| funds | funds | ||||
| 2022f | 2021 | ||||
| Foreign | exchange | gains | (2,912) | 17,490 |
| Fixed asset in | vestments | |
|---|---|---|
| Listed | ||
| investments | ||
| f. | ||
| Cost or valuation | ||
| At 1 November | 2021 | 7,285,386 |
| Additions | 1,421,373 | |
| Valuation changes |
(780,496) | |
| Disposals | (968,472) | |
| At 31 October | 2022 | 6,957,791 |
| Carrying amount |
||
| At 31 October | 2022 | 6,957,791 |
| At 31 October | 2021 | 7,285,386 |
| Debtors | ||
|---|---|---|
| Amounts falling due within one year: |
2022f | 2021f |
| Other debtors | 37,500 | 25,000 |
| Creditors | : a | mounts f |
alling due within one year | ||
|---|---|---|---|---|---|
| 2022f | 2021 f. |
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| Accruals | and | deferred | income | 31,660 | 26,100 |
| 17 | Cash generated from |
operations | operations | 2022 | 2021 | ||
|---|---|---|---|---|---|---|---|
| 6 | 8 | ||||||
| (Deficit)/surpus for the |
year | (1,437,467) | 802,494 | ||||
| Adjustments for: |
|||||||
| Investment income recognised |
in statement | offinancial | activities | (49,308) | (34,855) | ||
| Foreign exchange differences |
2,912 | (17,490) | |||||
| Loss/(gain) on disposal |
of investments | 13,826 | (8,446) | ||||
| Fair value gains and losses on | investments | 780,496 | (977,166) | ||||
| Movements in working |
capital: | ||||||
| (Increase) in debtors |
(12,500) | (25,000) | |||||
| Increase in creditors |
5,760 | 4,020 | |||||
| Cash absorbed by operations |
(696,281) | (256,443) | |||||
| 18 | Analysis ofchanges | in net funds | |||||
| The Charity had no debt during | the year, |