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|Trustees|||Lord Gus O'Donnell|- Chair|- Chair|
|---|---|---|---|---|---|
||||Matthew
Brumsen|||
||||David Gregson|||
||||Andrew
Haldane|||
||||Edward
Humpherson|||
||||Clare Lombardelli|||
||||Belinda Phipps|||
||||Sir David Ramsden|||
||||Damien
Regent|||
||||Jenny Scott|||
|Charity|number||1130567|||
|Company||number|06849844|||
|Registered||office|South Bank Technopark|||
||||90 London Road|||
||||London|||
||||SE1 6LN|||
|Auditor|||Alliotts LLP|||
||||Friary Court|||
||||13-21 High Street|||
||||Guildford|||
||||Surrey|||
||||GU1 3DL|||
|Bankers|||Barclays Bank PLC|||
||||Leicester|||
||||M60 4EP|||
|Solicitors|||Weil, Gotshal
& Manges||LLP|
||||110Fetter Lane|||
||||London|||
||||EC4A 1AY|||
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|---|---|---|---|
|Chair and|CEO's statement|||
|Trustees'|report||2-8|
|Statement|ofTrustees'|responsibilities||
|Independent
auditor's||report|10-13|
|Statement|offinancial|activities|14|
|Balance sheet|||15|
|Statement|ofcash flows||16|
|Notes to the financial||statements|17-27|
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|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
|||funds|funds||funds|funds||
|||2020|2020|2020|2019|2019|2019|
||Notes|F|||F|||
|Income from:||||||||
|Donations
and legacies||679,857|687,675|1,367,532|848,042|119,740|967,782|
|Charitable
activities||30,850||30,850|37,070||37,070|
|Investments||214||214|731||731|
|Total income||710,921|687,675|1,398,596|885,843|119,740|1,005,583|
|Ex enditure on:||||||||
|Raising funds||85,394||85,394|106,992|2,404|109,396|
|Charitable
activities||401,738|373,095|774,833|566,654|99,836|666,490|
|Total resources||||||||
|expended||487,132|373,095|860,227|673,646|102,240|775,886|
|Net incoming||||||||
|resources before||||||||
|transfers||223,789|314,580|538,369|212,197|17,500|229,697|
|Gross transfers||||||||
|between
funds||2,070|(2,070)|||||
|Net income for|the year/|||||||
|Net movement|in funds|225,859|312,510|538,369|212,197|17,500|229,697|
|Fund balances at 1||||||||
|January 2020||363,560|17,500|381,060|151,363||151,363|
|Fund balances|at 31|||||||
|December 2020||589,419|330,010|919,429|363,560|17,500|381,060|
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|||||2020||2019||
|---|---|---|---|---|---|---|---|
||||Notes|F||||
|Fixed assets||||||||
|Tangible assets|||||9,153||3,434|
|Current assets||||||||
|Debtors|||12|18,695||30,503||
|Cash at bank and|in|hand||1,149,301||371,871||
|||||1,167,996||402,374||
|Creditors: amounts||falling due within||||||
|one year||||(257,720)||(24,748)||
|Net current assets|||||910,276||377,626|
|Total assets less|current liabilities||||919,429||381,060|
|Income funds||||||||
|Restricted funds|||16||330,010||17,500|
|Unrestricted
funds|||||589,419||363,560|
||||||919,429||381,060|
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||||||2020||2019||
|---|---|---|---|---|---|---|---|---|
|||||Notes|F||F||
|Cash flows from operating|||activities||||||
|Cash generated||from operations||20||785,635||93,347|
|Investing|activities||||||||
|Purchase|oftangible
fixed assets||||(8,419)||(1,980)||
|Investment|income received||||214||731||
|Net cash|used|in investing|activities|||(8,205)||(1,249)|
|Net cash|used|in financing|activities||||||
|Net increase
in||cash and cash equivalents||||777,430||92,098|
|Cash and|cash|equivalents|at beginning|ofyear||371,871||279,773|
|Cash and|cash|equivalents|at end of|year||1,149,301||371,871|
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|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
|||funds|funds||funds|funds||
|||2020|2020|2020|2019|2019|2019|
|Donations|and gifts|309,857||309,857|431,294||431,294|
|Grants||330,000|687,675|1,017,675|386,000|119,740|505,740|
|Donated goods and||||||||
|services||40,000||40,000|30,748||30,748|
|||679,857|687,675|1,367,532|848,042|119,740|967,782|
|Donations|and gifts|||||||
|Major gifts||285,256||285,256|272,281||272,281|
|General donations||6,591||6,591|16,856||16,856|
|Events income||7,615||7,615|104,678||104,678|
|Gift Aid||10,395||10,395|37,479||37,479|
|||309,857||309,857|431,294||431,294|
|Grants receivable for||||||||
|core activities||||||||
|Porticus||25,000||25,000|100,000||100,000|
|Power to Change|||||20,000||20,000|
|Golden Bottle Trust||5,000||5,000|1,000||1,000|
|Law Family|Charitable|||||||
|Foundation||250,000|542,650|792,650|250,000||250,000|
|Oak Foundation|||85,025|85,025||79,740|79,740|
|City Bridge|||60,000|60,000||40,000|40,000|
|Garfield Weston|||||15,000||15,000|
|Huo Family|Foundation|50,000||50,000||||
|||330,000|687,675|1,017,675|386,000|119,740|505,740|
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|Unrestricted|Unrestricted|
|---|---|
|funds|funds|
|2020|2019|
|F|E|
|30,850|37,070|
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|||Unrestricted|Unrestricted|
|---|---|---|---|
|||funds|funds|
|||2020|2019|
|Interest|receivable|214|731|
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|||Unrestricted|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|
|||funds|funds|funds||
|||2020|2019|2019|2019|
||||F|F||
|~Fnndraisin||||||
|Staging fundraising|events||9,497||9,497|
|Other fundraising|costs|129|833|2,404|3,237|
|Staff costs||60,895|66,737||66,737|
|Support costs||24,370|29,925||29,925|
|Fundraising||85,394|106,992|2,404|109,396|
|||85,394|106,992|2,404|109,396|
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|||||Supporting|External|Research &|Total|Total|
|---|---|---|---|---|---|---|---|---|
|||||Charities|Affairs|Policy|2020|2019|
|||||F|F|F|||
|Staff costs||||132,235|52,267|222,087|406,589|320,131|
|Consultancy||||20,043|37,096|9,910|67,049|73,881|
|Economic associates||||75,258|||75,258|54,727|
|Other||||34,074|3,253|49,572|86,899|36,489|
|||||261,610|92,616|281,569|635,795|485,228|
|Share ofsupport costs (see note 8)||||37,178|16,049|49,692|102,919|149,481|
|Share ofgovernance|||costs (see note||||||
|8)||||13,118|5,185|17,816|36,119|31,781|
|||||311,906|113,850|349,077|774,833|666,490|
|Analysis
by||fund|||||||
|Unrestricted||funds||181,462|98,233|122,043|401,738||
|Restricted|funds|||130,444|15,617|227,034|373,095||
|||||311,906|113,850|349,077|774,833||
|For the year||ended|31 December 2019||||||
|Unrestricted||funds||391,160|175,494|||566,654|
|Restricted|funds|||89,336|10,500|||99,836|
|||||480,496|185,994|||666,490|
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|Support c|osts||||||||
|---|---|---|---|---|---|---|---|---|
||||Support|Governance|2020|Support|Governance|2019|
||||costs|costs||costs|costs||
|||||||F|F||
|Staff costs|||8,956||8,956|39,440||39,440|
|Depreciation|||2,700||2,700|3,994||3,994|
|Rent|||50,160||50,160|45,878||45,878|
|Office supplies|||13,078||13,078|13,672||13,672|
|Computer|running|costs|22,114||22,114|20,116||20,116|
|Subscriptions||||||2,979||2,979|
|Travelling|expenses||43||43|1,740||1,740|
|Insurance|||741||741|535||535|
|Bank charges|||81||81|118||118|
|Other staff|costs||13,374||13,374|45,687||45,687|
|Website development|||10,000||10,000||||
|Audit fees||||4,680|4,680||3,360|3,360|
|Accountancy||||947|947||2,920|2,920|
|Legal and|professional|||36,534|36,534||30,748|30,748|
||||121,247|42,161|163,408|174,159|37,028|211,187|
|Analysed
between|||||||||
|Fundraising|||18,328|6,042|24,370|29,332|643|29,975|
|Charitable|activities||102,919|36,119|139,038|149,481|31,781|181,262|
||||121,247|42,161|163,408|178,813|32,424|211,237|
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|The average
monthly
number
ofemployees
during
|the year was:||
|---|---|---|
||2020|2019|
||Number|Number|
|Employment
costs|2020|2019|
|Wages and salaries|408,413|361,899|
|Social security costs|41,168|39,488|
|Other pension costs|26,859|24,921|
||476,440|426,308|
|The number
ofemployees
whose annual
remuneratio|n
was F60,000 or more were||
|---|---|---|
||2020|2019|
||Number|Number|
|F60,000 - F69,999||1|
|F100,000 - F109,999|||
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|11|Tangible fixed assets|Tangible fixed assets||||||
|---|---|---|---|---|---|---|---|
||||||Fixtures and|Computers|Total|
||||||fittings|||
||Cost|||||||
||At 1 January 2020||||2,919|11,626|14,545|
||Additions|||||8,419|8,419|
||At 31 December 2020||||2,919|20,045|22,964|
||Depreciation
and impairment|||||||
||At 1 January 2020||||2,151|8,960|11,111|
||Depreciation
charged|in the year|||402|2,298|2,700|
||At 31 December 2020||||2,553|11,258|13,811|
||Carrying
amount|||||||
||At 31 December 2020||||366|8,787|9,153|
||At 31 December 2019||||768|2,666|3,434|
|12|Debtors|||||||
|||||||2020|2019|
||Amounts
falling due|within|one year:|||||
||Prepayments
and accrued income|||||18,695|30,503|
|13|Creditors: amounts|falling due within one year||||||
|||||||2020|2019|
||||||Notes|||
||Other taxation and social security|||||18,547|9,222|
||Deferred income||||14|210,500||
||Trade creditors|||||7,534|3,558|
||Accruals|||||21,139|11,968|
|||||||257,720|24,748|
|14|Deferred income|||||||
|||||||2020|2019|
||Arising
from Oak Foundation||deferred|income||210,500||
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|||Movement|in funds|||Movement|in funds||
|---|---|---|---|---|---|---|---|---|
|||Incoming|Resources|Balance at||Incoming|Resources|Balance at|
|||resources|expended1|January|2020|resources|expended|31 December|
|||||||||2020|
|The|Oak Foundation|79,740|(62,240)|17,500||85,025|(70,445)|32,080|
|City|Bridge|40,000|(40,000)||-|60,000|(60,000)||
|The|Law Family Charitable||||||||
|Trust||||||542,650|(244,720)|297,930|
|||119,740|(102,240)|17,500||687,675|(375,165)|330,010|
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|20|Cash generated
from|operations|operations||||2020|2019|
|---|---|---|---|---|---|---|---|---|
||Surplus for the year||||||538,369|229,697|
||Adjustments
for:||||||||
||Investment
income recognised||in statement||offinancial|activities|(214)|(731)|
||Depreciation
and impairment
oftangible|||fixed assets|||2,700|3,994|
||Movements
in working|capital:|||||||
||Decrease
in debtors||||||11,808|5,542|
||Increase/(decrease)
in|creditors|||||22,472|(30,415)|
||Increase/(decrease)
in|deferred|income||||210,500|(114,740)|
||Cash generated
from|operations|||||785,635|93,347|
|21|Analysis ofchanges|in net funds|||||||
||The charity had no debt during||the year.||||||