| Page | |||
|---|---|---|---|
| Annual Report ofthe Trustees |
1-8 | ||
| Report ofthe Independent Auditor |
|||
| Statement of Financial Activities (including |
Income and Expenditure | Account) | 12 |
| Balance Sheet | 13 | ||
| Cash Flow Statement | |||
| Notes to the Financial Statements | 15-21 |
| Unrestricted | Unrestricted | |||
|---|---|---|---|---|
| Funds | Funds | |||
| Page | 2020 | 2019 | ||
| E | 8 | |||
| Income from: | ||||
| Donations and legacies (note 2) Investment income |
18 | 2,123,398 141 |
2,204,850 869 |
|
| Total Income | 2,123,539 | 2,205,719 | ||
| Expenditure: | ||||
| Charitable activities |
(note 3) | 18-19 | 2,441,455 | 2,865,407 |
| Total expenditure | 2,441,455 | 2,865,407 | ||
| Net expenditure | (317,916) | (659,688) | ||
| Other recognised | gains/(losses) | |||
| Realised gain/(loss) | on foreign currency transactions | 111,000 | (8,859) | |
| Net movement in funds |
14 | (206,916) | (668,547) | |
| Reconciliation offunds: |
||||
| Total funds brought | forward | 481,384 | 1,149,931 | |
| Total funds carried forward | 5274,468 | 8481,384 |
| Unrestricted | Unrestricted | ||||
|---|---|---|---|---|---|
| Funds | Funds | ||||
| Page | 2020 | 2018 | |||
| 6 | E | ||||
| Fixed assets: | |||||
| Tangible assets (Note 4) | 19 | 1,400 | |||
| Current assets: | |||||
| Debtors (note 5) Cash at bank (note |
6) | 20 14/20 |
10,970 510,268 |
14,161 965,294 |
|
| Total current assets | 521,238 | 979,455 | |||
| Liabilities: | |||||
| Creditors: Amounts | falling | due in one year (note 7) | 20 | (248,170) | (498,071) |
| Net assets less current | liabilities | 274,468 | 48'l,384 | ||
| Total net assets | E274,468 | E481,384 | |||
| The funds ofthe charity: | |||||
| Unrestricted funds |
6274,468 | F481,384 |
| Page | 2020 | 2019 | |||
|---|---|---|---|---|---|
| Cash flows from operating activities: |
8 | 8 | |||
| Net movement in funds for the year |
12 | (206,916) | (668,547) | ||
| Adjustment for: |
|||||
| Purchase oftangible assets (note 4) Depreciation charge for the year (note 4) |
19 19 |
(1,500) 100 |
|||
| Decrease/(increase) in debtors (Decrease)fincrease in creditors (Gain)/loss on foreign exchange |
3,191 (249,901) (111,000) |
(4,002) 195,758 8,859 |
|||
| Net cash outflows from operating |
activities | (566,026) | (467,932) | ||
| (Decrease) In cash for the year | 8(566,026) | 8(467,932) | |||
| Reconciliation ofnet cash flow to | movement | in net funds | |||
| Net cash resources at 1 January 2020 (Decrease) in cash Foreign exchange movements |
965,294 (566,026) 111,000 |
1,442,085 (467,932) (8,859) |
|||
| Cash at 31December 2020 | 13 | E510,268 | 6965,294 | ||
| Cash consists of: | |||||
| Cash at bank | 20 | 8 510,268 | 8965,294 |
| Page | 2020 | 2019 | |||
|---|---|---|---|---|---|
| DONATIONS AND LEGACIES |
8 | S | |||
| Donations receivable from the Gift Aid Tax Relief |
Netherlands | 2,112,498 10,900 |
2,190,750 14,100 |
||
| 12 | 82,123,398 | 82,204,850 | |||
| CHARITABLE ACTIVITIES | Registered | ||||
| Charity No. | |||||
| Grants payable: | |||||
| Codam JINC NL Article 1 (formally Fratelli) Into University Social Mobility Foundation TechMeUp ZupdeCo Sport dans la ville ESSECFoundation Sarah Anderson Bursary |
1118525 1115888 |
1,786,367 64,244 63,040 50,000 50,000 44,783 43,228 40,304 32,244 3,602 |
1,939,120 62,916 61,649 50,000 50,000 70,456 39,838 35,412 |
||
| Myotubular Foundation Stichting Move Foundation Lycde du Pare |
10,000 9,255 868 |
||||
| Vaulx en Velin | 860 | ||||
| Total donations paid relating to |
2020 | 2,177,812 | 2,330,374 | ||
| Add/(Less): | |||||
| Donations paid relating to previous |
year commitments | 327,242 | 108,736 | ||
| Provision for commitments brought |
forward | (327,242) | (131,176) | ||
| Currency revaluation on overseas grants Provision for future commitments due within one year |
20 | (4,862) 53,967 |
(4,252) 327,242 |
||
| Total grants payable | 2,226,917 | 2,630,924 | |||
| Support Costs: | |||||
| Staff salary | 136,815 | 130,237 | |||
| Employer's national insurance Bank charges and custody fees |
32,515 10,597 |
33,965 8,711 |
|||
| Employee benefits Accountancy fees (governance costs) Staff pensions Travel and subsistence expenses Audit fees (governance costs) Legal and professional fees |
8,288 5,905 5,100 4,246 3,900 2,280 |
7,264 8,772 4,143 31,450 3,900 |
|||
| Consultancy | 1,864 | 2,219 | |||
| Payroll expenses Insurance (governance costs) |
1,783 863 |
1,775 801 |
|||
| Carried forward | 2,441,073 | 2,864,434 |
| CHARITABLE | ACTIVITIES (continued) | Page | 2020f | 2019f |
|---|---|---|---|---|
| Brought forward | 2,441,073 | 2,864,434 | ||
| Entertaining | 219 | 801 | ||
| Depreciation | 100 | |||
| Printing and stationery |
37 | 5 | ||
| Postage 8 courier | 26 | 8 | ||
| Conference and |
training | 159 | ||
| Total charitable | activities | 12 | f2,441,455 | f2,865,407 |
| TANGIBLE FIXEDASSET | Page | 2020f | 2019 f |
|||
|---|---|---|---|---|---|---|
| Fixtures, fittings and equipment | at cost | |||||
| Balance at 1 January 2020 | 576 | 576 | ||||
| Purchases offixtures, fittings and equipment |
||||||
| Computer equipment |
1,500 | |||||
| Balance at 31 December 2020 | 2,076 | 576 | ||||
| Accumulated depreciation |
||||||
| Balance at 1 January Charge for the year |
576 100 |
576 | ||||
| Balance at 31 December 2020 | 676 | 576 | ||||
| Net BookValue at 31December | 2020 | 13 | f | 1,400 | f | |
| Net Book Value at 31 December | 2019 |
| DEBTORS | Page | 2020 | 2019 8 |
|
|---|---|---|---|---|
| HM Revenue & Customs - Gift Aid Prepaid office expenses |
10,900 70 |
14,100 61 |
||
| 13 | 6 10,970 | F 14,161 | ||
| CASH AT BANK | ||||
| Goldman Sachs Revenue Account Goldman Sachs Income Account |
377,971 1,715 |
706,810 1,715 |
||
| 379,686 | 708,525 | |||
| Barciays Bank Euro Current Account (6300,956) Barclays Bank Current Account GBP |
125,360 5,222 |
255,832 937 |
||
| 13&14 | 8 510,268 | 8 965,294 | ||
| CREDITORS - amounts falling due within one year |
||||
| Other creditors - staff costs Grants payable (note 8) Accountancy fees Audit fees Expense control account Professional fees |
20 | 183,164 53,967 7,038 3,900 61 40 |
155,718 327,242 7,500 3,900 2,111 600 |
|
| 13 | E 248,170 | 6 498,071 | ||
| CHARITABLE ACTIVITIES ~ GRANTS PAYABLE |
||||
| At 31 December 2020, the following grants were committed to be paid |
in | subsequent years: |
||
| Payable within one year (note 7): | ||||
| Academic Musicale Philippe Jaroussky Codam Ecole de Production Boisard Lyon |
53,967 | 50,999 254,994 21,249 |
||
| Grants payable within one year (notes 3&7) | 18&20 | 6 53,967 | 6327,242 |
| FINANCIAL INSTRUMENTS |
FINANCIAL INSTRUMENTS |
2020 5 |
2019 | ||
|---|---|---|---|---|---|
| Financial assets measured | at fair value | through | income and | ||
| expenditure | 5510,268 | 5965,294 | |||
| Financial liabilities measured |
at amortised | cost | 6 194,203 | 5170,829 |
| pursuit ofthe charitable objectives. For the y can be broken down as: |
ear to 31 December 2019the amount was 5 | 544which |
|---|---|---|
| 2020 | 2019 | |
| 8 | ||
| Travel Other Subsistence |
494 36 14 |
|
| 544 |