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|Trustees|||Lord John Nash||||
|---|---|---|---|---|---|---|
||||Lady Caroline
Nash||||
||||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||||
||||Portsmouth
Road||||
||||Thames
Ditton||||
||||Surrey||||
||||KT7 OXA||||
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||||Page|
|---|---|---|---|
|Trustees'
report|||1-4|
|Independent
examiner's||report||
|Statement
offinancial|activities|||
|Balance sheet||||
|Statement
ofcash flows||||
|Notes to the financial|statements||9-15|
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|||||||Unrestricted|Total|Unrestricted|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||||funds||funds||
|||||||2022|2022|2021|2021|
||||||Notes|8||8|F|
|0~co
e
ortL'||||||||||
|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|
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|||||Notes|2022
f||2021
f||
|---|---|---|---|---|---|---|---|---|
|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|
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|||||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|
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||||Unrestricted|Unrestricted|
|---|---|---|---|---|
||||funds|funds|
||||2022|2021f|
|Donations|and|gifts|187,500|133,500|
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|||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|
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||Unrestricted|Unrestricted|
|---|---|---|
||funds|funds|
||2022|2021|
||8|8|
|vestment|32,072|32,278|
||32,072|32,278|
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|||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|
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|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|
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||||Unrestricted|Unrestricted|Unrestricted|
|---|---|---|---|---|---|
||||funds||funds|
||||2022f||2021|
|Foreign|exchange|gains|(2,912)||17,490|
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|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|
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|Debtors|||
|---|---|---|
|Amounts
falling due within one year:|2022f|2021f|
|Other debtors|37,500|25,000|
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|Creditors|: a|mounts
f|alling due within one year|||
|---|---|---|---|---|---|
|||||2022f|2021
f.|
|Accruals|and|deferred|income|31,660|26,100|
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|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,|||||
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