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|||Page||
|---|---|---|---|
|Report ofthe Trustees||1 to|3|
|Independent
Examiner's|Report|||
|Statement ofFinancial Activities||||
|Balance Sheet||||
|Cash Flow Statement||||
|Notes to the Cash Flow|Statement|||
|Notes tothe Financial Statements||10 to|15|
|Detailed Statement ofFinancial Activities||16||
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||||||31/3/23|31/3/22|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||fund|fund|funds|funds|
|||Notes|f|f|f|f|
|INCOME AND ENDOWMENTS|FROM||||||
|Donations
and legacies|||647,500||647,500|945,911|
|Investment
income|||(4,047)||(4,047)|(65,874)|
|Total|||643,453||643,453|880,037|
|EXPENDITURE ON|||||||
|Charitable
activities|||||||
|Charitable
activities|||139,840|242,587|382,427|168,957|
|Net gains/(losses)
on investments||||||(116,640)|
|NET INCOME/(EXPENDITURE)|||503,613|(242,587)|261,026|594,440|
|Other recognised gains/(losses)|||||||
|Transfer between
funds||||||900,000|
|Net movement
in funds|||503,613|(242,587)|261,026|1,494,440|
|RECONCILIATION
OF FUNDS|||||||
|Total funds brought forward|||1,132,597|890,000|2,022,597|528,157|
|TOTAL FUNDS CARRIED FORWARD|||1666210|647416|2 266 626|2 022 697|
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|||||31/3/23|31/3/22|
|---|---|---|---|---|---|
||||Notes|f|f|
|Cash flows from operating|activities|||||
|Cash generated
from operations||||1,097,402|848,529|
|Net cash provided
by operating
activities||||1,097,402|848,529|
|Cash flows from investing|activities|||||
|Purchase offixed asset investments
Sale offixed asset investments||||(1,039,654)|(798,983)
283,357|
|Interest received||||40,584|61|
|Net cash used
in investing|activities|||(999,070)|(515,565)|
|Cash flows from financing|activities|||||
|New directors loans
in year||||12|13|
|Directors loan repayments|in||||(212)|
|Accruals||||1,400|700|
|Net cash provided
by financing
activities||||1,412|501|
|Change
in cash and cash equivalents||in the||||
|reporting
period||||99,744|333,465|
|Cash and cash equivalents|at the beginning|||||
|ofthe reporting
period||||862,429|528,964|
|Cash and cash equivalents|at the end|of||||
|the reporting
period||||958,162|862,429|
##
|RECONCILIATION|OF NET INCOME TO NET CASH FLOW FROM OPERATING|OF NET INCOME TO NET CASH FLOW FROM OPERATING|ACTIVITIES||
|---|---|---|---|---|
||||31/3/23|31/3/22|
||||f|f|
|Net income for the reporting||period (as per the Statement ofFinancial|||
|Activities)|||261,025|594,440|
|Adjustments
for:|||||
|Losses on investments||||182,575|
|Interest received|||(40,584)|(61)|
|Transfer to Special|purposes|fund||900,000|
|Transfer between|funds||47,248||
|Decrease/(increase)|in debtors||828,330|(828,325)|
|Increase
in creditors|||1,383|(100)|
|Net cash provided|by operations||1,097,402|848,529|
|2.|ANALYSIS OF CHANGES|IN NET FUNDS||||
|---|---|---|---|---|---|
||||At 1/4/22|Cash flow|At 31/3/23|
||||E|f|f|
||Net cash|||||
||Cash at bank||$62,429|95,733|958,162|
||||862,429|95,733|958,162|
||Debt|||||
||Debts falling due within|1year|(13)|(13)|(26)|
||||(13)|(13)|(26)|
||Total||862,416|95,720|95$,136|
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|INVESTM|ENT INCOME|||||
|---|---|---|---|---|---|
|||||31/3/23|31/3/22|
|||||f|f|
|Fair value|gain/loss|||(54,222)|(65,935)|
|interest received||||50,175|61|
|||||(4,047)|(65,874)|
|CHARITABLE ACTIVITIES COSTS||||||
||||Grant|||
||||funding of|||
||||activities|Support||
||||(see note|costs (see||
||||5)
f|note 6)
f|Totals
f|
|Charitable|activities||345,287|37,140|382,427|
|GRANTS PAYABLE||||||
|||||31/3/23|31/3/22|
|||||f|f|
|Charitable|activities|||345,287|154,000|
|SUPPORT|COSTS|||||
||||Human|Governance||
|||Management
f|resources
f|costs
f|Totals
f|
|Charitable|activities|5,940|30,000|1,200|37,140|
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||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|
||||fund|fund|funds|
||||E|E|E|
|INCOME AND ENDOWMENTS||FROM||||
|Donations
and legacies|||945,911||945,911|
|Investment
income|||(65,874)||(65,874)|
|Total|||880,037||880,037|
|EXPENDITURE ON||||||
|Charitable
activities||||||
|Charitable
activities|||158,957|10,000|168,957|
|Net gains/(losses)
on investments|||(116,640)||(116,640)|
|NET INCOME/(EXPENDITURE)|||604,440|(10,000)|594,440|
|Transfer between
funds|||(900,000)|900,000||
|Other recognised gains/(losses)||||||
|Endowment
received|||900,000||900,000|
|Net movement
in funds|||604,440|890,000|1,494,440|
|RECONCILIATION
OF FUNDS||||||
|Total funds brought forward|||528,157||528,157|
|TOTAL FUNDS CARRIED|FORWARD||1,132,597|890,000|2,022,597|
|FIXEDASSET INVESTMENTS||||||
||||||Listed|
||||||investments|
||||||E|
|MARKET VALUE||||||
|At 1April 2022|||||333,051|
|Additions|||||1,039,654|
|Revaluations|||||(54,222)|
|At 31March 2023|||||1,318,483|
|NET BOOK VALUE||||||
|At 31March 2023|||||1,31&,4&3|
|At 31March 2022|||||333,051|
|There were no investment|assets outside the UK.|||||
##
|9.|FIXEDASSET|FIXEDASSET|INVESTMENTS - continued|INVESTMENTS - continued|INVESTMENTS - continued|INVESTMENTS - continued|INVESTMENTS - continued|INVESTMENTS - continued|||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||Cost or valuation||||at 31||March 2023 is represented||by:||||
|||||||||||||Listed|
|||||||||||||investments|
|||||||||||||f|
||Valuation
in|2023||||||||||1,318,483|
|10.|DEBTORS:AMOUNTS|||||FALLING DUE WITHIN ONE YEAR|||||||
||||||||||||31/3/23|31/3/22|
||||||||||||E|f|
||Other debtors|||||||||||828,330|
||Prepayments||and||accrued|||income|||9,591||
||||||||||||9,591|828,330|
|11.|CREDITORS:|AMOUNTS|||||FALLING DUE WITHIN ONE YEAR||||||
||||||||||||31/3/23|31/3/22|
||||||||||||f|E|
||Other loans|(see||note||12)|||||26|13|
||Accrued expenses||||||||||2,587|1,200|
||||||||||||2,613|1.213|
|12.|LOANS||||||||||||
||An analysis of||the||maturity|||of loans is given below:|||||
||||||||||||31/3/23|31/3/22|
||||||||||||E|f|
||Amounts
falling due within|||||||one year on demand:|||||
||Loan from director||||||||||26|13|
|13.|MOVEMENT|IN FUNDS|||||||||||
||||||||||||Net||
||||||||||||movement|At|
|||||||||||At 1/4/22|in funds|31/3/23|
|||||||||||E|f|E|
||Unrestricted|funds|||||||||||
||General fund|||||||||1,132,597|503,613|1,636,210|
||Restricted funds||||||||||||
||Special purposes|||fund||||||890,000|(242,587)|647,413|
||TOTAL FUNDS|||||||||2,022,597|261,026|2,283,623|
##
##
|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources
f|expended
f|in funds
f|
|Unrestricted
funds|||||
|General fund||643,453|(139,840)|503,613|
|Restricted funds|||||
|Special purposes|fund||(242,587)|(242,587)|
|TOTAL FUNDS||643,453|(382,427)|261,026|
|||||Net|Transfers||
|---|---|---|---|---|---|---|
|||||movement|between|At|
||||At 1/4/21|in funds|funds|31/3/22|
||||f|f|f|f|
|Unrestricted|funds||||||
|General fund|||528,157|1,504,440|(900,000)|1,132,597|
|Restricted funds|||||||
|Special purposes||fund||(10,000)|900,000|890,000|
|TOTAL FUNDS|||528,157|1,494,440||2,022,597|
|||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|
|||resources
f|expended
f|losses
f|in funds
f|
|Unrestricted
funds||||||
|General fund||880,037|(158,957)|783,360|1,504,440|
|Restricted funds||||||
|Special purposes|fund||(10,000)||(10,000)|
|TOTAL FUNDS||880,037|(168,957)|783,360|1,494,440|
##
|||||DETAILED STATEMENT OF FINANCIAL ACTIVITIES|||
|---|---|---|---|---|---|---|
|||||for the year ended 31March 2023|||
||||||31/3/23|31/3/22|
||||||E|E|
|INCOME AND|ENDOWMENTS||||||
|Donations
and|legacies||||||
|Donations
and|gifts||||647,500|945,911|
|Investment
income|||||||
|Fair value gain/loss|||||(54,222)|(65,935)|
|interest received|||||50,175|61|
||||||(4,047)|(65,874)|
|Tota I incoming|resources||||643,453|880,037|
|EXPENDITURE|||||||
|Charitable
activities|||||||
|Grants to institutions|||||345,287|154,000|
|Support costs|||||||
|Management|||||||
|Administration|||||5,940|12,850|
|Sundries||||||228|
||||||5,940|13,078|
|Human
resources|||||||
|Philanthropy|consultancy||||30,000||
|Other|||||||
|Wrap charges||||||978|
|Governance
costs|||||||
|Accountancy|and legal fees||||1,200|901|
|Total resources|expended||||382,427|168,957|
|Net income before gains and losses|||||261,026|711,080|
|Realised recognised||gains and||losses|||
|Realised gains/(losses)|||on fixed asset||||
|investments||||||(116,640)|
|Net income|||||261,026|594,440|