2021-05-31-accounts - Dreamchasing

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			Page
Trustees and professional		advisers
An Introduction			2-3
Trustees' report			4- 10
Independent auditor's	report		11-14
Statement offinancial	activities		15
Salancs sheet			19
Statement ofcash flows
Notes tothe financial	statements		18-29

Charity	number		1118488
Company number			06070942
Trustees			Mr Ronald Dennis C.B.E.
			Mr Clive Christopher		Roger Bannister
			Sir Nigsl Martyn	Carrington
			Dr Charlotte Hall
			Miss Frencssca	Dennis
			Mr Christian Dennis
Registered office			Kingsboume
			Pinewood Road
			Virginia Whter
			GU25 4PA
Accountants			Blick Rothenberg	Limited
			Chartered Accountants
			16Great Queen Street
			Covent Garden
			London
			WC2B 5AH
Statutory	auditor		Blick Rothenberg	Audit LLP
			Chartered Accountants
			16Great Queen Street
			Covent Garden
			London
			WC2B 5AH
Bankers			HSBC Private Bank (UKj Limited
			78StJames's Street
			London
			SW1A1JB
			Close Brothers Treasury
			10Crown Place
			London
			EC2A 4FT
Solicitors			Withers LLP
			16Old Bailey
			London
			EC4M 7EG
property	Managing	Agents	Aslnn Rose ONest	End) Ltd
			4Tenterden Street
			Mayfair
			London
			W161TE

				Restricted	tjnrestrlcted
				Fund	Fund	Total	Total
			Notes	2021 8	2021 8	2021 8	2020
income from:
Donations Investment income				421,314.13	84,225.81 139,426.40	505,539.94 139,426.40	385,025.98 228,195.99
Total				421,314.13	223,652.21	644,966.34	611,221.97
Expenditure:
Raising funds Charitable acfivities			4 5	(3,490,594.82)	(72,041.01) (700,269.33)	(72,041.01) (4,190,864.15)	(100,337.80) (1,306,132.92)
Total				(3,490,594.82)	(772,310.34)	(4,262,905.16)	(1,406,470.72)
Transfer between		funds
Loss on revaluation		of	investment
property					(389,131.00)	(389,131.00)	(71,948.28)
Net movement	in	funds and net income and
expenditure				(3,069,280.69)	(937,789.13)	(4,007,069.82)	(867,197.03)
Reconcglation	of	funds
Fund balances	brought		forward	8,592,915.56 13,218,851.47 21,811,587.03			22,678,764.06
Fund balances	carried		forward	6,523,634.87 12,280,862.34 17,804,487.21			21,811,567.03

			2021	2020
			8	E
Fixed assete
Investment property Investment in subsidiary			7,386,250.00 1.00	7,775,000.00 1.00
			7,386,251.00	7,775,001.00
Current assets
Debtors Cash at bank and in	hand	11	236,436.88 11,842,821.10	777,823.40 13,550,181.84
Creditors: amounts	falfing due within		11,879,257.78	14,328,005.24
one year		12	(1,451,011.57)	(211,551.31)
Net current assets			10,428,246.21	14,116,453.93
Total assets less current liabilities			17,814,497.21	21,891,454.93
Creditors: amounts	falling due after
more than one year		13	(10,000.00)	(79,887.90)
tact assets			17,804,497.21	21,811,567.03
Charltyfunds
Restricted funds Unrestricted funds		14 14	5,523,634.87 12,280,862.34	8,592,915.56 13,218,85'I.47
			17,804,497.21	21,811,587.03

			2021	2020
	Notes		6	5
Cash flows from operating activities
Net (expenditure) for the reporting year			(4,007,069.82)	(867,197.03)
Decrease/(increase) in debtors Increase in creditors DonaUons &legacies Interest received Loss on revaluation ofinvestments	541,386.72 1,169,572.36 (505,539.94) (3,463.62) 389,131.00			(727,184.53) 176,871.91 (385,025.98) (82,974.41) 71.948.28
			1,591,086.52	(946,364.73)
Net cash used ln operating activities			(2,415,983.30)	(1,813,561.76)
Cash flows from lnvesgng activities
Interest received Donations received Additions to investment property Additions to investments		3,463.62 505,539,94 (381.00)		82,97441 385,025.98 (71,948.28) (1.00)
Net cash generated from investing activities			508,622.56	396,051.11
Decrease in cash and cash equivalents Cash &cash equivalents at beginning	ofyear		(1,907,360.74) 13,550,181.84	(1,417,510.65) 14,967,692.49
Cash &cash equivalents at end ofyear			11,642,821.10	13,550,181.84
Analysis ofnet funds
Cash at bank and in hand			11,642,821.10	13,550,181.84
Total cash &cash equivalents			11,642,821.10	13,550,181.84
The notes on pages 18to 29form part	ofthese financial	sbriements.

		Restricted	Unrestricted	Total	Total
		funds 2021	funds 2D21	2021	2020
				6
	Donations in the period Oonated services	421,314.13	84,225.81	421,314.13 84,225.81	299,650.00 85,375.98
		421,314.13	84,225.81	605,539.94	385,025.98
	Forthe period ended 31 May 2020	284,650.00	100,375.98	385,025.98
3	Investmerd Income
		Restricted	Unrestricted	Total	Total
		funds 2021	funds 2D21	2021	2020
		6	F	6	6
	Interest receivable Rental income		3,483.62 '!35,962.78	3,483.62 135,962.78	82,974.41 143,221.58
			139,426AD	139,426.40	228,195.99
	Forthe period ended 31 May 2020	34,173.80	192,022.19	226,195.99
4	Raising funds
				Total	Total
				2021	2020
				6	2
	Buildings costs Service charge -vacant second floor			35,818.03 3B,222.98	16,271.32 82,06848
				72,041.01	1D0,337.80

	Total	Total
	2021	2020
Restricted fund	E	E
Commited grants (ses note 5.2) Non commited grants (sse note 5.2)	1,000,000.00 2,490,594.82
	3,490,594.82
Unrestricted fund
Donated senrices -Tommy's the Baby Charity Committed grants (see note 5.2) Non commited grants (see note 5.2) Support costs (see note 5.3)	84,225.81 220,000.00 320,007.40 76,036.12	85,375.98 'f,138,056.95 25,000.00 57,699.99
	700,269.33	1,306,132.92
Total grants	4,190,864.15	1,306,132.92

Charitable activities	Charitable activities
			(Contfnued)
5.2Analysis ofgrants made to Institutions
		Total	Total
		2021	2020
			8
Restricted fund
~om~igggfgOLs
Podium Analytics		1,000,000.00
n m e
Podium Analytics Salute the NHS		2,015,594,82 475,000.00
		2,490,594.82
Unrestricted fund
ConcnitefUtgtoi8
Action for Happiness Fide International			75,00D.DD
Frank Longford Charitable Trust Salmon's Srook School Salute the NHS		30,000.00 190,000.00	63,056.95 1,000,000.00
		220,000.00	1,138,058.95
on mi ed	s
RHS Wisley Project Royal Academy ofAria Salute ihe NHS Unique Handicafls		63,107.40 250,0DD.DD 8,9OO.OO	25,000.00
		320,007.40	25,000.00
Total grants		4,030,802.22	1,163,056.95

	Commitments et 1June 2020	New commitmenta	Exchange difference	Total charge	Paid	Commitments at 31 Msy 2021
Year ended 31 May 2021
Brown Rock Woodland
project Action for Happinsss Frank Longford Podium Anslyti ca Salmon's Brook	57,500.00 50,000.00	30.000.00 1,0G0,000.00	-	30,000.00 1,000,000.00	(21,000.00) (25,000.00) (1D,GGG.GG)	35,500.00 25,000.00 20,000.00 1,000,000.00
School Fide International	48,581.85	190,000,00 -	(1,245.35)	190,000.00	(18,351.20)	190,000.00 30,985.30
	166,081.85	1,220,090.00	(1,245.35)1.220,000.0D		(72,361.20)	1,3D2,486.30
	Commitments at 1 June 20'IB	New commitments	Exchange difference	Total charge	Commitments at 31 Nlsy 2020 Paid
Yssr ended 31 Msy 2020
Salute the NHS Fide International Brown Rock Woodland	21,074.00	1,000,000.00 63,055.95	- 1,000,000.00 2,413.50 88,544.45		(1,000,000.00) (37,982.80)	48,581.85
project Action for Happiness	57,500.00	75,000.00		75,000.00	(25,000.00)	57.500.00 5D,G00.00
	78,574.00	1,138,058.96	2,413.50 1,161,544AB		(1,062,962.60)	158,081.85

	Basis of allocation	Total 2021	Governance	Charitable activities	Total 2020
		6	6	E	E
Administration Sank charges Audit Legal fees Consultancy fees (Gain)/Loss on foreign currency	Work done Work done Actual Actual Actual Actual	56,455.84 175.00 7,050.00 5,750.00 7,850.63	7,050.00 5,750.00	58,455.84 175.00 7,850.63	47,083.49 110.00 8,950.00 1,143.00
transactions		(1,245.35)		(1,245.35)	2,413.50
		76,036.12	12,800.00	63.238.12	57,699.99

Fixed asset Investments
	investment In	Investment
	subsidiary	property
	2021	2021	Total 2021	Total 2020
Market Value at 1 June 2020 Additions Disposals	1.00	8 7,775,000.00 381.00	7,775,001.00 381.00	7,775,000.00 71,949.28
Cash movemenis
Loss on revaluation		(389,131.00)	(389,131.00)	(71,948.28)
lwarket Vaiue at 31 May 2021	1.00	7,386,260.00	7,386,281.00	7,775,001.00

l0	Debtors: amounts	fallin
			2021	2020
			6
	Podium Analytics			500,000.00
11	Debtors: amounts	falling due within one year
			2021	2020
			5	5
	HM Revenue &Customs ~VAT refundable Agent's accounts Other debtors Bank deposit interest receivable Accrued income HM Revenue &Customs -income tax refundable		147,828.98 77,494.70 11,113.00	18,290.81 226,475.23 0.60 7,028.78 18,678.00 7,350.00
			236,436.68	277,823.40

Creditors: amounts falling due within one year
	2021	2020
		K
Other creditors Committed grants payable Non committed grants payable Accruals Deferred income Service charge fund	1,292,485.30 15,594.82 14,068.38 10,573.61 118,289.48	'!.00 76,193.95 26,188.49 21,101.39 82,06648
	1,451,011.57	211,551.31

13	Credltom: amo	unts fallfng due	after more th	an one year
						202'i	2020
						8	8
	Grants payable					10,000.00	79,887.90
14	Ittovement ln funds
	~Yalrgd~ ~a0	Opening funds	Incoming resources	Resources expended	Transfers between funds	Net gains/ (losses) on investments	Ctoslng fu tide
	Unrestricted
	funds	13.218,651.47	223,652.21	(772,310.34)		(389,131.00)12,280,862.34
	Restricted fund
	Podium Analytics Educational	3,015,594.82	-	(3,015,594.82)
	projects Salute the NkS	5,292,670.74 284,650.00	421,314.13	(475,000.00)			5,292,870.74 230,964.13
		8,592,915.56	421,314.13	(3,490,594.82)			5,523,634.87
		21,811,567.03	644,966.34	(4,282,905.16)		(389,131.00)t7,804,497,21

~ar ~d31 ~MO	Opening funds	Incoming resouices	Resources expended	Transfers between funds	Net gains/ (losses) on investments	Closing funds
Unrestricted
funds	15,654,872.30	292,398.17	(1,408,470,72)	(1,250,000.00)	(71,948.28)13,218,851.47
Restricted fund
Podium Analylics Wellington	1,758,281.54	7,313.28		1,250,000.00		3,015,594.82
College Educational	5,265,810.22		-	(5,265,810.22)
pro)acts Salute the NHS		26,860.52 284,650.00		5,285,810.22		5,292,670.74 284,650.00
	7,024,091.78	318,823.80		1,250,000.00		8,592,915.58
	22,678,764.06	611,221.97	(1,406,470.72)		(71,948.28)21,811,587.03

Analysis	ofnet assets	between funds
					Creditors due
		Fixed assetscurrent assets 6 f		Current liabilities 5	after more than one year 8	Total K
Unrestricted Fund Restricted Fund		7,386,25'f.00	5,340,073.09 6,539,184.69	(435,481.75) (1,015,549.82)	(10,000.00) -	12,280,862.34 5,523,634.87
		7,386,251.00	11,879,257.78	(t~t,011.57)	(10,000.00)	17,804,497.21
J1~r~2$0
Unrestricted Restricted	Fund Fund	7,775,001.00	5,735,089.68 8,592,915.56	(211,55'l.31)	(79,887.90)	13,218,651,47 8,592,915.58
		7,775,001.00	14,328,005.24	(211,551.31)	(79,887.90)	21,811,567.03