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|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|
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||||||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|
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||||||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|
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||||||||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|
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||||||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|
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|||||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|
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|Governance|costs||||
|---|---|---|---|---|
||||2020|2019|
|||||R|
|Legal and professional||costs|11,289|8,533|
|Independent|Examiners|Fees|6,600|6,600|
||||17,889|15,133|
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|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|
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|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|
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|2020|2019|
|---|---|
||F|
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|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)|
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