||||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| ## |6|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|g due after one year||| |---|---|---|---|---|---| |||||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|