| Trustee Directors | Trustee Directors | J Johansson | ||||
|---|---|---|---|---|---|---|
| SJohansson | ||||||
| J Karmel | (Appointed | 26August | ||||
| 2020) | ||||||
| Secretary | J Karmel | |||||
| Charity number | 1130025 | |||||
| Company | number | 06882190 | ||||
| Principal address | 10Lansdowne | Road | ||||
| London | ||||||
| W11 3LW | ||||||
| Registered | office | 10Lansdowne | Road | |||
| London | ||||||
| W11 3LW | ||||||
| Accountants | Moore Kingston &Smith LLP |
|||||
| Devonshire | House | |||||
| 60 Goswell | Rd, Barbican | |||||
| London | ||||||
| EC1M 7AD | ||||||
| Solicitors | Morgan Lewis |
&Bockius LLP | ||||
| Condor House | ||||||
| 5-10St Paul's | Churchyard | |||||
| London | ||||||
| EC4M 8AL | ||||||
| Investment | advisors | Citi Private Bank | ||||
| 25 Canada Square | ||||||
| Canary Wharf | ||||||
| London | ||||||
| E144QA |
| Page | |||
|---|---|---|---|
| Trustees' report |
1-3 | ||
| Independent examiner's |
report | ||
| Statement offinancial |
activities and income and expenditure | 5 | |
| account | |||
| Balance sheet | 6-7 | ||
| Statement ofcash flows |
|||
| Notes to the financial | statements | 9-15 |
| Unrestricted | Unrestricte | |||||
|---|---|---|---|---|---|---|
| d | ||||||
| funds | ||||||
| 2019 | ||||||
| Notes | ||||||
| Income from: | ||||||
| Investments | 32,877 | 45,662 | ||||
| Ex enditure on: |
||||||
| Charitable activities |
151,936 | 142,628 | ||||
| Net gains on investments | (2,138) | 178,757 | ||||
| Net (outgoing)/incoming | resources | (121,197) | 81,791 | |||
| Other recognised | gains | and losses | ||||
| Other gains or | losses | (65,935) | 17,173 | |||
| Net movement | in funds | (187,132) | 98,964 | |||
| Fund balances | at 1 January 2020 | 995,519 | 896,555 | |||
| Fund balances | at | 31 December 2020 | 808,387 | 995,519 |
| 2020 | 2019 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | R | ||||||
| Fixed assets | |||||||
| Investments | 840,624 | 1,324,551 | |||||
| Current assets | |||||||
| Cash at bank and | in | hand | 192,431 | 48,383 | |||
| Creditors: amounts | falling due within | ||||||
| one year | (166,352) | (241,913) | |||||
| Net current assets/(liabilities) | 26,079 | (193,530) | |||||
| Total assets less | current | liabilities | 866,703 | 1,131,021 | |||
| Creditors: amounts | falling due after | ||||||
| more than one year | 14 | (58,316) | (135,502) | ||||
| Net assets | 808,387 | 995,519 | |||||
| Income funds | |||||||
| Unrestricted funds |
|||||||
| General unrestricted |
funds | 808,377 | 995,509 | ||||
| Share capital | 10 | 10 | |||||
| 808,387 | 995,519 | ||||||
| 808,387 | 995,519 |
| 2020 | 2019 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Notes | |||||||||||
| Cash flows from operating | activities | ||||||||||
| Cash absorbed | by operations | (287,630) | (341,399) | ||||||||
| Investing | activities | ||||||||||
| Proceeds | on disposal of investments | 398,801 | |||||||||
| Interest received | 32,877 | 45,662 | |||||||||
| Net cash | generated from |
investing | |||||||||
| activities | 431,678 | 45,662 | |||||||||
| Net cash | used | in financing | activities | ||||||||
| Net increase/(decrease) | in | cash and | cash | ||||||||
| equivalents | 144,048 | (295,737) | |||||||||
| Cash and | cash | equivalents | at beginning | ofyear | 48,383 | 344,120 | |||||
| Cash and | cash | equivalents | at end of | year | 192,431 | 48,383 |
| Unrestricte | Total | |||||
|---|---|---|---|---|---|---|
| d | ||||||
| funds | 2019 | |||||
| Income from | investments | 32,877 | 42,033 | |||
| Interest receivable | 3,629 | |||||
| 32,877 | 45,662 | |||||
| 4 | Charitable | activities | ||||
| 2020 | 2019 | |||||
| Grant funding | of activities (see note 5) | 134,047 | 127,495 | |||
| Share ofgovernance | costs (see note 7) | 17,889 | 15,133 | |||
| 151,936 | 142,628 |
| 2020f | 2019 | ||||
|---|---|---|---|---|---|
| Grants to institutions: | |||||
| Avondale Extra |
500 | ||||
| Church ofSweden | 10,000 | ||||
| City Music Foundation | 1,000 | ||||
| Dantree School PTA | 1,000 | ||||
| Greenhouse | 61,000 | ||||
| Kent Place school | 773 | ||||
| Lyford Cay Foundation | inc | 16,374 | |||
| Morgan Library and Museum |
91,070 | 26,828 | |||
| MouseTrap | 5,000 | 10,000 | |||
| Stanford University |
16,977 | ||||
| The Spiritial Psychological | Society | 500 | |||
| Victoria &Albert Museum | 10,000 | 10,000 | |||
| W11 children's Opera |
Trust | 1,500 | |||
| Walking With The Wounded |
Charity | 500 | |||
| Whizkid - The Movement | for | Non-Mobile | 500 | ||
| Other | (1,982) | ||||
| 134,047 | 127,495 | ||||
| 134,047 | 127,495 |
| Governance | costs | |||
|---|---|---|---|---|
| 2020 | 2019 | |||
| R | ||||
| Legal and professional | costs | 11,289 | 8,533 | |
| Independent | Examiners | Fees | 6,600 | 6,600 |
| 17,889 | 15,133 |
| 2020 | 2019 |
|---|---|
| Number | Number |
| Unrestricted | Unrestricted | |||
|---|---|---|---|---|
| funds | funds | |||
| R | ||||
| Revaluation | of investments | 85,126 | (178,757) | |
| Gain/loss | on | sale of investments | (82,988) | |
| 2,138 | (178,757) |
| 10 | Taxation | |||||||
|---|---|---|---|---|---|---|---|---|
| The charity is exempt | from corporation | tax on its charitable | activities. | |||||
| 12 | Financial instruments |
2020 | 2019 | |||||
| R | ||||||||
| Carrying amount of |
financial | assets | ||||||
| Equity instruments measured |
at cost less impairment | 840,624 | 1,324,551 | |||||
| Carrying amount of |
financial | liabilities | ||||||
| Measured at amortised |
cost | 224,668 | 377,415 | |||||
| 13 | Creditors: amounts | failing due within | one year | |||||
| 2020 | 2019 | |||||||
| F | F | |||||||
| Other creditors | 158,752 | 234,313 | ||||||
| Accruals and deferred | income | 7,600 | 7,600 | |||||
| 166,352 | 241,913 |
| 14 | Creditors: amounts falling due a year |
fter more | than one | ||
|---|---|---|---|---|---|
| 2020 | 2019 | ||||
| R | |||||
| Other creditors | 58,316 | 135,502 | |||
| Other creditors relate to multi-year | donations | payable. | |||
| 15 | Share capital | 2020 | 2019 | ||
| F | F | ||||
| Ordinary share capital |
|||||
| Issued and fully paid | |||||
| 10ordinary shares ofF1 each | 10 | 10 |
| 2020 | 2019 |
|---|---|
| F |
| 18 | Cash generated from operations |
Cash generated from operations |
2020 | 2019 | ||
|---|---|---|---|---|---|---|
| (Deficit)/surpus for the year |
(121,197) | 81,791 | ||||
| Adjustments for: |
||||||
| Investment income recognised |
in statement | offinancial | activities | (32,877) | (45,662) | |
| Foreign exchange differences |
(65,935) | 17,173 | ||||
| Fair value gains and losses on | investments | 85,126 | (178,757) | |||
| Movements in working capital: |
||||||
| (Decrease) in creditors |
(152,747) | (215,944) | ||||
| Cash absorbed by operations |
(287,630) | (341,399) |