THE AU)AMA VOUNDATION
ANIWAL REPORT AND FINAYCJAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022
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|||Page|
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|Trustee's
Annual
Report||1-4|
|Independent
Auditor's|Report|5-6|
|Statement ofFinancial|Activities||
|Balance Sheet|||
|Cash Flow Statement|||
|Schedule ofInvestments
and Income||10|
|Notes to the Financial|Statements|11-]6|
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||||||2022|2022|2021|
|---|---|---|---|---|---|---|---|
|||||Note|Unrestricted|Total|Prior year|
||||||funds|funds|total funds|
|Income from:||||||||
|Donations
and|legacies||||751,649|751,649||
|Investments|||||45,347|45,347|54,654|
|Total|||||796,996|796,996|54,654|
|Expenditure|on:|||||||
|Raising funds|||||2,317|2,317|2,055|
|Charitable
activities|||||3,291,643|3,291,643|880,390|
|Total|||||3,293,960|3,293,960|882,445|
|Net incomel(expenditure)|||||(2,496,964)|(2,496,964)|(827,791)|
|Gains/(losses)|on investment||assets||286,834|286,834|1,258,963|
|Net movement|in funds||||(2,210,130)|(2,210,130)|431,172|
|Reconciliation|offunds:|||||||
|Total funds brought||forward|||5,529,573|5,529,573|5,098,401|
|Total funds carried||forward|||3,319,443|3,319,443|5,529,573|
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|||||BALANCE|BALANCE|SHEET||||
|---|---|---|---|---|---|---|---|---|---|
|||||AS AT 5APRIL 2022||||||
||||||||Note|2022|2021|
|||||||||Total|Prior year|
|||||||||funds|funds|
|Fixed Assets:||||||||||
|Investments||||||||5,445,445|5,580,374|
|Total Fixed Assets||||||||5,445,445|5,580,374|
|Current Assets:||||||||||
|Cash at bank|||||||12|390,372|455,374|
|Total Current
Assets||||||||390,372|455,374|
|Liabilities:||||||||||
|Creditors: Amounts|falling|due|within|one year|||13|(986,374)|(306,175)|
|Net Current
Assets|or Liabilities|||||||(596,002)|]49,199|
|Total Assets less Current||Liabilities||||||4,849,443|5,729,573|
|Creditors: Amounts|falling|due|after more than||1 year||14|(],530,000)|(200,000)|
|Total Net Assets or|Liabilities|||||||3,319,443|5,529,573|
|The Funds ofthe Charity:||||||||||
|Unrestricted
funds||||||||3,319,443|5,529,573|
|Total Charity Funds||||||||3,319,443|5,529,573|
||||18January 2023|||||||
|Approved
by the Trustee on||||||and signed|on its behalf by:|||
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|F|ORTHE|Y|EAR ENDED 5A|PRIL 2022|||
|---|---|---|---|---|---|---|
|||||Note|2022|2021|
||||||Total|Prior year|
||||||funds|funds|
|Cash generate from operating|activities:||||||
|Net cash provided
by (used in) operating||activities||17|(532,]12)|(460,345)|
|Cash flows from other sources:|||||||
|Dividends,
interest and rents from investments|||||45,347|54,654|
|Proceeds from sale ofinvestment|||||1,173,412|673,621|
||||||1,218,759|728,275|
|Application
ofcash:|||||||
|Purchase ofinvestments|||||(75],649)|(3)|
||||||(751,649)|(3)|
|Net increase/(decrease)
in cash|||||(65,002)|267,927|
|Cash at bank and in hand less overdrafts||at|the beginning||455,374|187,447|
|ofthe year|||||||
|Cash at bank and in hand less overdrafts|||at year end|18|390,372|455,374|
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|3.|Remuneration
ofTruste|Remuneration
ofTruste|es|es|es||||||
|---|---|---|---|---|---|---|---|---|---|---|
||In the financial
year to||5 April 2022 the Trustee|||did not receive||any|remuneration|or have
its|
||expenses
reimbursed
by||the Charity.|Dickinson|Trust Limited||charged||administration|expenses of|
||826918[2021:f24425].||||||||||
|4.|Donations|and legacies|||||||2022|2021|
||||||||||8||
||Stocks and|shares gifted|by Settlors||||||751,649||
||||||||||751,649||
|5.|Investment|income|||||||2022|2021|
||Income from investments||||||||45,185|54,421|
||Gross bank|interest|||||||162|230|
||US Dollar deposit interest|||||||||3|
||||||||||45,347|54,654|
|6.|Expenditure|on raising|funds||||||2022|2021|
||Investment|management|fees||||||2,317|2,055|
||||||||||2,317|2,055|
|7.|Charitable|activities|||||Direct||Support||
||||||||costs||costs||
|||||||(see|note|8)|(see note 9)|Total|
||Charitable
expenditure|||||3,261,314|||30,329|3,291,643|
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||in furtherance
ofits charitab|le|obj|ecti|ves.|These are as foll|ows:|||
|---|---|---|---|---|---|---|---|---|---|
||National
Gallery||||||||1,125,000|
||Science Museum||||||||500,000|
||Royal Botanic Gardens Kew||||||||250,000|
||World Monuments-
Palm House Kew||||||||250,000|
||Francis Crick Institute||||||||240,000|
||Institute ofCancer Research||||||||240,000|
||Pallan House Gallery||||||||200,000|
||Trussell Trust||||||||120,000|
||Fareshare||||||||]20,000|
||Save Britain's Heritage||||||||25,000|
||||||||||3,070,000|
||Other grants (equal to or individually||||less|than f20,000)|||19],314|
||Total charitable
activities|for the year|||||||3,261,314|
||Analysis ofgrants made||||||Grants to|Grants to||
||||||||institutions|individuals|Total|
||||||||g|||
||Prevention
or relief ofpoverty||||||7,520||7,520|
||Advancement
ofeducation||||||10,000||10,000|
||Advancement
ofhealth or the||saving||oflives||485,250||485,250|
||Advancement
ofcitizenship|or community||||development|11,000||11,000|
||Advancement
ofthe arts, culture,|||heritage||or science|2,420,113||2,420, 1 13|
||Relief ofthose in need, by|reason||ofyouth, age, ill-health,||||||
||disability,
financial
hardship||or|other disadvantage|||327,431||327,43 I|
||||||||3,261,314||3,26],314|
|9.|Support costs|||||||2022|2021|
|||||||||g||
||Administration
expenses|||||||26,918|24,425|
||Bank charges|||||||28|27|
||Legal Entity Identification|number fee||||||74|70|
||Portfolio Stewardship
fees|||||||3,309|3,812|
|||||||||30,329|28,334|
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|Fixed asset investments|Fixed asset investments|2022|2021|
|---|---|---|---|
|Market value|brought
forward|5,580,374|4,995,029|
|Additions||751,649||
|Less disposal|proceeds|(1,173,412)|(673,621)|
|Net gains/(losses)
on investments||286,834|1,258,963|
|Market value|carried forward|5,445,445|5,580,374|
|Geographical|analysis|2022|2021|
|United Kingdom
investments||5,445,445|5,580,374|
|||5,445,445|5,580,374|
||f186683]and unrealised
g|ains on|revalu|ation
to market value off1|08807[2021: gain f,|1072280].|
|---|---|---|---|---|---|---|
|12.|Cash at bank||||2022|2021|
||Royal Bank ofScotland||||49,259|80,708|
||Schroder &Co Limited||||341,113|374,666|
||||||390,372|455,374|
|13.|Creditors: Amounts
falling due||within|one year|2022|2021f|
||Trustees' fees||||374|(895)|
||Payments
due to charities||||986,000|307,000|
||Legal Entity Identification|number|fee|||70|
||||||986,374|306,175|
|14.|Creditors: Amounts
falling due||after|more than one year|2022|2021|
||Payments
due to charities||||1,530,000|200,000|
||||||1,530,000|200,000|
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|15.|Commitments
made||||Annual|Number|Total|
|---|---|---|---|---|---|---|---|
||||||value|ofyears||
||No conditions
attached:|||||||
||Chelsea Society||||81,000||1,000|
||John Paul II Foundation|for Sport|||f10,000||10,000|
||SAVE||||625,000||25,000|
||Liverpool
School ofTropical Medicine||||550,000||50,000|
||Francis Crick Institute||||f65,000||130,000|
||Francis Crick Institute||||f60,000||180,000|
||Trussel1 Trust||||fI20,000||120,000|
||Fareshare||||8120,000||120,000|
||Science Museum||||6100,000||400,000|
||World Mon uments||||8100,000||200,000|
||Royal Botanic Gardens|Kew|||1.50,000||200,000|
||Institute ofCancer Research||||860,000||180,000|
||National
Gallery||||f225,000||900,000|
||||||||2,516,000|
||Conditions
attached:|||||||
||World Monuments
Fund||||f25,000|no limit set|n/a|
||Sir John Soane Museum||||X9,250|no limit set|n/a|
||Decc'an Heritage
Gallery||||f5,000|no limit set|n/a|
||Pal lant House Gallery||||81,000|no limit set|n/a|
||Camden
Music Trust||||f5,000|no limit set|n/a|
||SAVE||||825,000|no limit set|n/a|
||Royal College ofMusic||||810,000|no limit set|n/a|
||AIDS Ark||||85,000|no limit set|n/a|
||Garden Museum||||f700|no limit set|n/a|
||Sussex Community
Foundation||||810,000|no limit set|n/a|
|16.|Movement
in funds|||||2022|2021|
||Unrestricted
funds:|||||||
||Balance brought
fonvard|||||5,529,573|5,098,401|
||Net movement
in funds|||||(2,2] 0,130)|431,172|
||Balance carried forward|||||3,319,443|5,529,573|
||Net movement
in funds included||in the above|are as follows;||||
|||||||Gains and|Movement|
|||||Income|Outgoings|losses|in funds|
||||||g||g|
||Unrestricted
funds|||796,996|(3,293,960)|286,834|(2,2]0,130)|
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|FORTHE YEA|FORTHE YEA|R ENDED 5APRIL 2022|R ENDED 5APRIL 2022||
|---|---|---|---|---|
|17.Reconciliation
ofnet income/(expenditure)||to net cashflow from Operating
Activities|||
||||2022|2021|
|Net income/(expenditure)|(as per the Statement ofFinancial Activities)||(2,496,964)|(827,791)|
|Adjustments
for:|||||
|Dividends,
interest and rent from investments|||(45,347)|(54,654)|
|Increase/(decrease)
in creditors|||2,010,199|422,100|
|Net cash provided
by/(used|in) Operating
Activities||(532,]12)|(460,345)|
|18.Analysis ofcash at bank|and in hand less|overdrafts|2022|2021|
|Cash at bank and in hand|||390,372|455,374|
||||390,372|455,374|
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