## ## ## ## ## ||||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| ##