| Page | ||||
|---|---|---|---|---|
| Report ofthe Trustees | 1 | to | 4 | |
| Independent Examiner's |
Report | |||
| Statement of Financial | Activities | |||
| Balance Sheet | ||||
| Cash Flow Statement | ||||
| Notes to the Cash Flow | Statement | |||
| Notes to the Financial Statements | 10 | to | 17 | |
| Detailed Statement of Financial Activities |
18 | to | 19 |
| for | the Year Ended 31 Octobe | r 2021 | |||
|---|---|---|---|---|---|
| 31/10/21 | 31/10/20 | ||||
| Unrestricted | Total | ||||
| Notes | fund f |
funds | |||
| INCOME AND ENDOWMENTS | FROM | ||||
| Donations and legacies |
1,188,069 | ||||
| Investment income |
330 | 13,163 | |||
| Total | 330 | 1,201,232 | |||
| EXPENDITURE ON | |||||
| Charitable activities |
|||||
| Grants Payable | 368,118 | 325,000 | |||
| Other | 1,883 | 25,410 | |||
| Total | 370,001 | 350,410 | |||
| Net gains/(losses) on |
investments | ~65) | ~51,200) | ||
| NET INCOME/(EXPENDITURE) | (369,736) | 799,622 | |||
| RECONCILIATION OF FUNDS |
|||||
| Total funds brought | forward | 4,092,440 | 3,292,818 | ||
| TOTAL FUNDS CARRIED FORWARD | 3,722,704 | 4,092,440 |
| 31/10/21 | 31/10/20 | |
|---|---|---|
| Total | Total | |
| funds | funds | |
| F | ||
| FIXEDASSETS | ||
| investments | 803 | |
| CURRENT ASSETS | ||
| Cash at bank | 3.723.898 | 4,094.639 |
| CREDITORS | ||
| Amounts falling due within one year |
(3,000} | |
| NET CURRENT ASSETS | 3,722,704 | 4,091,639 |
| 3,722,704 | 4,092,440 | |
| NET ASSETS | 3,722,704 | 4,092.440 |
| FUNDS | ||
| Unrestricted funds |
3,722,704 | 4,092,440 |
| TOTAL FUNDS | 3,?22,704 | 4,092,440 |
| 31/10/21 | 31/10/20 | |||
|---|---|---|---|---|
| Notes | ||||
| Cash flows from operating | activities | |||
| Cash generated from operations |
~370,676) | 835,804 | ||
| Net cash (used in)/provided | by operating | activities | ~370,676) | 835,804 |
| Cash flows from investing | activities | |||
| Purchase offixed asset investments Sale offixed asset investments |
(330) (65) |
(40,880) 3,265,622 |
||
| Interest received | 612 | |||
| Dividends received |
330 | 12,551 | ||
| Net cash (used in)/provided | by investing | activities | ~65) | 3,237,905 |
| Change in cash and cash |
equivalents | in | ||
| the reporting period Cash and cash equivalents |
at the | (370,741) | 4,073,709 | |
| beginning ofthe reporting |
period | 4,094,639 | 20,930 | |
| Cash and cash equivalents | at the end | |||
| ofthe reporting period |
3,723,898 | 4,094,639 |
| RECONCILIATION OF NE ACTIVITIES |
T | (EXPENDITURE | )/INCOME TO NET CASH FL |
OW FROM OPE | RATING |
|---|---|---|---|---|---|
| 31/10/21 | 31/10/20 | ||||
| Net (expenditure)/income | for the reporting | period (as per the | |||
| Statement of Financial Activities) | (369,736) | 799,622 | |||
| Adjustments for: |
|||||
| Losses on investments | 65 | 51,200 | |||
| Interest received | (612) | ||||
| Dividends received |
(330) | (12,551) | |||
| Foreign Exchange /Market | Value losses | 65 | |||
| Reclassification of Fixed Investment Decrease in creditors |
1,066 (1,806) |
~1,855) | |||
| Net cash (used in)/provided | by operations | (370,676) | 835,804 | ||
| ANALYSIS OF CHANGES | IN NET FUNDS | ||||
| Ai 1/11/20 | Cash flow | At 31/10/21 | |||
| E | |||||
| Net cash | |||||
| Cash at bank | 4,094,839 | ~370,741) | 3.723,898 | ||
| 4,094,639 | 370,741 | 3,723,898 | |||
| Total | 4,094,639 | 370,741 | 3,723,898 |
| INVESTMENT INCOME | |||
|---|---|---|---|
| 31/10/21 | 31/10/20 | ||
| Other fixed asset investments | - Fll | 3,608 | |
| Other fixed asset investments | - UnFII | 330 | 8,943 |
| Deposit account interest | 612 | ||
| 330 | 13,163 |
| Unrestricted | Total | Unrestricted | Total | |
|---|---|---|---|---|
| Funds | Funds | |||
| Funds | 2021 | Funds | 2020 | |
| Grants | 368,118 | 368,118 | 325,000 | 325,000 |
| Payable | ||||
| Support Costs |
1,883 | 1,883 | 25,410 | 25,410 |
| which Grants Payable c | omprise: | ||
|---|---|---|---|
| 2021 | 2020 | ||
| Sherborne House Trust Simon Digby Charitable |
2018 Trust |
350,000 10,000 |
75,000 |
| Sherborne Arts Trust Sixpartswater |
7,698 420 |
250,000 |
| 31/10/21 | 31/10/20 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| f | |||||||||
| Grants Payable | 368,118 | 325,000 | |||||||
| Expenditure | on charitable | activities | by fund type | ||||||
| Unrestricted | Total | Unrestricted | Total | ||||||
| Funds | Funds | ||||||||
| Funds | 2021 | Funds | 2020 | ||||||
| Grants | 368,118 | 368,118 | 325,000 | 325,000 | |||||
| Payable | |||||||||
| Support | 1,883 | 1,883 | 25,410 | 25,410 | |||||
| Costs | |||||||||
| Of which Grants Payable | comprise: | ||||||||
| 2021 | 2020 | ||||||||
| Sherborne | House | Trust | 2018 | 350,000 | 75,000 | ||||
| Simon Digby Charitable | Trust | 10,000 | |||||||
| Sherborne | Arts Trust | 7,698 | 250,000 | ||||||
| Sixpartswater | 420 | ||||||||
| SUPPORT COSTS | |||||||||
| Governance | |||||||||
| Finance | costs | Totals | |||||||
| E | |||||||||
| Other resources expended | 149 | 1,734 | 1,883 |
| Unrestricted | ||||
|---|---|---|---|---|
| fund | ||||
| INCOME AND ENDOWMENTS | FROM | |||
| Donations and legacies |
1,188,069 | |||
| Investment income |
13,163 | |||
| Total | 1,201,232 | |||
| EXPENDITURE ON | ||||
| Charitable activities |
||||
| Grants Payable | 325,000 | |||
| Other | 25,410 | |||
| Total | 350,410 | |||
| Net gains/(losses) on |
investments | ~51,200) | ||
| NET INCOME | 799,622 | |||
| RECONCILIATION OF FUNDS |
||||
| Total funds brought | forward | 3,292,818 | ||
| TOTAL FUNDS CARRIED FORWARD | 4,092,440 | |||
| FIXEDASSET INVESTMENTS | ||||
| Listed | ||||
| investments | ||||
| MARKET VALUE | ||||
| At 1 November 2020 |
801 | |||
| Additions | 330 | |||
| Revaluations Reclassification to Current Assets |
(65) (1,066) |
|||
| At 31 October 2021 | ||||
| NET BOOK VALUE | ||||
| At 31 October 2021 | ||||
| At 31 October 2020 | 801 | |||
| Page 14 | continued. . |
| CREDITORS: AMOUNTS | CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||
|---|---|---|---|---|---|
| 31/10/21 | 31/10/20 | ||||
| E | |||||
| Other creditors | 1,194 | 3,000 | |||
| MOVEMENT | IN FUNDS | ||||
| Net | |||||
| At | movement | At | |||
| 1/11/20 | in funds | 31/10/21 | |||
| Unrestricted | funds | ||||
| General fund | 4,092,440 | (369,736) | 3,722,704 | ||
| TOTAL FUNDS | 4,092,440 | ~369,736) | 3,722,704 |
| 31/10/21 | 31/10/20 |
|---|---|
| E | |
| 1,194 | 3,000 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| Unrestricted | funds | ||||
| General fund | 330 | (370,001) | (65) | (369,736) | |
| TOTAL FUNDS | 330 | L370.001) | ~66) | ~369,736) |
| Net | |||||
|---|---|---|---|---|---|
| At | movement | At | |||
| 1/11/19 | in funds | 31/10/20 | |||
| E | E | ||||
| Unrestricted | funds | ||||
| General | fund | 3,292,818 | 799,622 | 4,092,440 | |
| TOTAL | FUNDS | 3,292,818 | 799,622 | 4,092,440 |
| Comparative | net movement in fun |
ds, included in the above ar |
e as follows: | ||
|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | ||
| resources E |
expended | losses | in funds f |
||
| Unrestricted | funds | ||||
| General fund | 1,201,232 | (350,410) | (51,200) | 799,622 | |
| TOTAL FUNDS | 1,201,232 | (350,410) | ~51,200) | 799,622 |
| Net | ||||
|---|---|---|---|---|
| At | movement | At | ||
| 1/11/19 | in funds | 31/10/21 | ||
| F | ||||
| Unrestricted | funds | |||
| General fund | 3,292,818 | 429,886 | 3,722,704 | |
| TOTAL FUNDS | 3,292,818 | 429,886 | 3,722,704 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources F |
expended f |
losses | in funds | ||
| Unrestricted | funds | ||||
| General fund | 1,201,562 | (720,411) | (51,265) | 429,886 | |
| TOTAL FUNDS | 1,201,562 | (720,411) | ~51,265) | 429,886 |
| The Cannon Foundation |
|||||
|---|---|---|---|---|---|
| Detailed Statement of Financial Activities | |||||
| for the Year Ended 31 October 2021 | |||||
| 31/10/21f | 31/10/20 | ||||
| INCOME AND ENDOWMENTS | |||||
| Donations and legacies |
|||||
| Donations | 950,455 | ||||
| Gift aid | 237,614 | ||||
| 1,188,069 | |||||
| Investment income |
|||||
| Other fixed asset investment | - Fll | 3,608 | |||
| Other fixed asset investment | —UnFI I | 330 | 8,943 | ||
| Deposit account interest | 612 | ||||
| 330 | 13,163 | ||||
| Total incoming resources |
330 | 1,201,232 | |||
| EXPENDITURE | |||||
| Charitable activities |
|||||
| Grants to institutions | 368,118 | 325,000 | |||
| Support costs | |||||
| Finance | |||||
| Bank charges | 149 | 88 | |||
| Governance costs | |||||
| Auditors' remuneration Accountancy and legal fees |
1,734 | 1,500 23,822 |
|||
| 1,734 | 25,322 | ||||
| Total resources expended | 370,001 | 350,410 | |||
| Net (expenditure)/income losses |
before | gains and | (369,671) | 850,822 | |
| Realised recognised | gains | and losses | |||
| Carried forward | (369,671) | 850,822 |
| for the Year Ended 31 O | ctober 2021 | ||
|---|---|---|---|
| 31/10/21 | 31/10/20 | ||
| Realised recognised | gains and losses | ||
| Brought forward | (369,671) | 850,822 | |
| Realised gains/(losses) investments |
on fixed asset | ~65) | ~51,200) |
| Net (expenditure)/income | ~369,736) | 799,622 |