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||||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|
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|||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|
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|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|
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|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|
##
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|||||||||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|
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|||||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.
.|
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|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)|
##
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|||||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|
##
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|||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|
##
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||||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|