Charity registration number: 1134766
The Green Room Charitable Trust
Annual Report and Financial Statements
for the Year Ended 1 October 2021
The Green Room Charitable Trust
Contents
| Trustees' Report | 1 to 5 |
|---|---|
| Independent Auditors' Report | 6 to 8 |
| Statement of Financial Activities | 9 |
| Statement of Financial Position | 10 |
| Cash Flow Statement | 11 |
| Notes to the Financial Statements | 12 to 18 |
The Green Room Charitable Trust
Trustees' Report
The trustees present the annual report together with the financial statements of the charity for the year ended 1 October 2021.
Objectives and activities
Objects and aims
The objects of the Trust are to support such exclusively charitable purposes as the Trustees may from time to time in their absolute discretion decide.
The Trustees consider making grants to registered UK and international charities, specifically focussing on the following areas:
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poverty, human rights, social enterprises
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ethical and social impact investments
Public benefit
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Achievements and performance
During the year the charity was able to raise a further £887,500 (2020: £1,139,997) through donations of which it was successfully able to donate £860,918 (2020: £1,061,115) and invest £1,019,041 (2020: £1,471,693) for social benefit.
The total unrestricted reserves of the charity at 1st October 2021 are £7,907,378 (2020: £7,984,706) which represent 100% of the assets. The Trustees have assessed the Charity's need for reserves and consider the present level appropriate in relation to liabilities and future service.
Financial review
Policy on reserves
Reserves are held in an instant access bank account.
Page 1
The Green Room Charitable Trust
Trustees' Report
Investment policy and objectives
1. Introduction
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1.1 The Green Room Charitable Trust is an unincorporated charity established by Trust Deed, which has general charitable aims.
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1.2 The Trust has assets which are expected to accumulate to a total value around £10M through a combination of direct donations, investment returns and accrued interest. Assets are thereafter expected to decline steadily as annual grant making increases and exceeds annual income.
1.3 The trustees are governed by the Trust deed established in 2009 which sets out the general power of investment.
2. Investment Objectives
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2.1 The Trust seeks to make investments which promise to have a demonstrable positive social or environmental impact along with an expected positive financial return.
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2.2 The Trust's investment objective is to for capital growth in excess of inflation (RPI).
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2.3 On occasions where potential social or environmental impact is deemed significant, an expected return below RPI (but still expected to preserve capital) on a single investment will be considered.
3. Risk
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3.1 The Trust invests to mitigate long term inflation risk. Capital and income volatility can be tolerated if consistent with expectations.
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3.2 The Trust's assets are diversified through investment in multiple funds, term deposits and bonds.
4. Liquidity Requirements
- 4.1 The Trust will tolerate reduced liquidity over several years on fund investments where the potential positive social or environmental impact, or investment return is deemed significant.
5. Time Horizon
- 5.1 The Trust can adopt a long term investment time horizon.
6. Management, Reporting and Monitoring
- 6.1 The Trust's asset value and income is monitored on an ongoing basis and recorded annually. 6.2 The trustees review the performance of individual investments against their initial targets on an ongoing basis.
7. Approval and Review
This Investment Policy Statement was prepared to provide a framework for the management of the Green Room Charitable Trust's investment assets. It will be reviewed on an annual basis to ensure continuing appropriateness.
Plans for future periods
Aims and key objectives for future periods
Charity plan on increasing the investments in Bridges Funds in line with the objectives of the trust. The money coming into the trust through payroll giving will decline going forwards and stop when the Trustee leaves his position at JP Morgan. At this stage the interest from the investments will be the main source of income for the grant making pool. Charity will maintain and increase slightly the level of grant making.
Page 2
The Green Room Charitable Trust
Trustees' Report
Structure, governance and management
Nature of governing document
The charity is controlled by its governing document, a Trust deed dated 30 November 2009 and constitutes a unincorporated charity.
Recruitment and appointment of trustees
There shall be at least three and no more than seven Trustees and whenever the number of trustees is reduced to less than three an appointment shall be made as soon as practicable in order to increase the number of trustees to at least three and in the meantime the remaining trustees may not exercise the powers given to them by the trust deed except so far as may be reasonable in order to preserve the Trust fund.
The power of appointing new or additional trustees is vested in Tom Prickett.
Should Tom Prickett die, a new or additional trustee shall be appointed by a resolution of the trustees which is recorded in the minutes and signed by the new trustee and such record shall be conclusive evidence of the appointment.
Induction and training of trustees
A Trustee induction programme is being established and performance management policies and procedures will be reviewed to ensure the Charity can continue to grow, develop and respond to changing demands.
Organisational structure
Tom Prickett manages the investments and Kelly Prickett is the key coordinator on the grant making and day to day running of the trust.
Page 3
The Green Room Charitable Trust
Trustees' Report
Relationships with related parties
The charity receives donations from Charities Trust which receives payroll giving of Tom Prickett, trustee. Donations are also received from Tom Prickett from his employer JP Morgan's payroll.
Reference and Administrative Details
| Charity Registration Number: | 1134766 |
|---|---|
| Trustees: | T G Prickett |
| Mrs K Prickett | |
| A H Ferry | |
| Principal Office: | Piccards Wood |
| Sandy lane | |
| Guildford | |
| GU3 1HF | |
| Auditor: | DSK Partners LLP |
| Chartered Accountants and Statutory Auditors | |
| 306 High Street | |
| Croydon | |
| Surrey | |
| CR0 1NG |
Page 4
The Green Room Charitable Trust
Trustees' Report
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial reporting Standard applicable in UK and Republic of Ireland" and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The annual report was approved by the trustees of the charity on 1 August 2022 and signed on its behalf by:
......................................... T G Prickett Trustee
Page 5
The Green Room Charitable Trust
Independent Auditor's Report to the Members of The Green Room Charitable Trust
Opinion
We have audited the financial statements of The Green Room Charitable Trust (the 'charity') for the year ended 1 October 2021, which comprise the Statement of Financial Activities, Statement of Financial Position, Cash Flow Statement, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is United Kingdom Accounting Standards, comprising Charities SORP - FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and applicable law (United Kingdom Generally Accepted Accounting Practice).
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In our opinion the financial statements:
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give a true and fair view of the state of the charity's affairs as at 1 October 2021 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
Page 6
The Green Room Charitable Trust
Independent Auditor's Report to the Members of The Green Room Charitable Trust
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Report.
We have nothing to report in respect of the following matters where the Charities Act 2011 requires us to report to you if, in our opinion:
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adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
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the financial statements are not in agreement with the accounting records and returns; or
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certain disclosures of trustees remuneration specified by law are not made; or
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we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the Statement of Trustees' Responsibilities (set out on page 5), the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
Auditor Responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Page 7
The Green Room Charitable Trust
Independent Auditor's Report to the Members of The Green Room Charitable Trust
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Using our general commercial and sector experience and through discussions with the directors and management, we identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements as well as those arising from management's own assessment of the risks that irregularities may occur either as a result of fraud or error.
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We examined the company's regulatory and legal correspondence and discussed with the directors and management any known or suspected instances of fraud or non-compliance with laws and regulations. - We communicated identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.
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In addressing the risk of management override of controls, we tested the appropriateness of journal entries. We also challenged assumptions and judgements made by management in their significant accounting estimates and judgements.
There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentation, or through collusion.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Use of our report
This report is made solely to the charity trustees, as a body, in accordance with section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our work has been undertaken so that we might state to the trustees those matters we are required to state to trustees in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and its trustees as a body, for our audit work, for this report, or for the opinions we have formed.
...................................... Romit Basu FCA (Senior Statutory Auditor) For and on behalf of DSK Partners LLP Chartered Accountants and Statutory Auditors 306 High Street Croydon Surrey CR0 1NG
1 August 2022
Page 8
The Green Room Charitable Trust
Statement of Financial Activities for the Year Ended 1 October 2021
| Note Income and Endowments from: Donations and legacies 2 Investment income 3 Total income Expenditure on: Charitable activities 4 Governance costs Other expenditure Total expenditure Gains/losses on investment assets Net (expenditure)/income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 11 |
Total 2021 £ 887,500 4,239 891,739 (860,918) (49,983) (6,714) (917,615) (51,452) (77,328) (77,328) 7,984,706 7,907,378 |
Total 2020 £ 1,139,997 16,282 |
|---|---|---|
| 1,156,279 | ||
| (1,061,115) (2,460) (4,312) |
||
| (1,067,887) | ||
| 719,278 | ||
| 807,670 | ||
| 807,670 7,177,036 |
||
| 7,984,706 |
The notes on pages 12 to 18 form an integral part of these financial statements. Page 9
The Green Room Charitable Trust
(Registration number: 1134766) Statement of Financial Position as at 1 October 2021
| Note Fixed assets Social Investment 8 Current assets Cash at bank and in hand Creditors: Amounts falling due within one year 9 Net current assets Net assets Funds of the charity: Unrestricted income funds Unrestricted funds Total funds 11 |
2021 £ 5,494,093 2,415,745 (2,460) 2,413,285 7,907,378 7,907,378 7,907,378 |
2020 £ 4,475,052 3,511,994 (2,340) |
|---|---|---|
| 3,509,654 | ||
| 7,984,706 | ||
| 7,984,706 | ||
| 7,984,706 |
The financial statements on pages 9 to 18 were approved by the trustees, and authorised for issue on 1 August 2022 and signed on their behalf by:
......................................... T G Prickett Trustee
The notes on pages 12 to 18 form an integral part of these financial statements. Page 10
The Green Room Charitable Trust
Cash Flow Statement for the Year Ended 1 October 2021
| Note Cash flows from operating activities Net cash (expenditure)/income Adjustments to cash flows from non-cash items Investment income 3 Working capital adjustments Increase/(decrease) in creditors 9 Net cash flows from operating activities Cash flows from investing activities Interest receivable and similar income 3 Purchase of social investment Net cash flows from investing activities Net decrease in cash and cash equivalents Cash and cash equivalents at 2 October Cash and cash equivalents at 1 October |
2021 £ (77,328) (4,239) (81,567) 120 (81,447) 4,239 (1,019,041) (1,014,802) (1,096,249) 3,511,994 2,415,745 |
2020 £ 807,670 (16,282) |
|---|---|---|
| 791,388 (180) |
||
| 791,208 | ||
| 16,282 (1,471,693) |
||
| (1,455,411) | ||
| (664,203) 4,176,197 |
||
| 3,511,994 |
All of the cash flows are derived from continuing operations during the above two periods.
The notes on pages 12 to 18 form an integral part of these financial statements. Page 11
The Green Room Charitable Trust
Notes to the Financial Statements for the Year Ended 1 October 2021
1 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
The Green Room Charitable Trust meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The financial statements are prepared in sterling which is also the functional currency of the company and rounded to the nearest pound.
Going concern
Since 31 December 2019, the spread of COVID-19 has severely impacted many local economies around the globe. In many countries, businesses are being forced to cease or limit operations for long or indefinite periods of time. In the UK this began on 23rd March 2020. Measures taken to contain the spread of the virus, including travel bans, quarantines, social distancing, and closures of non-essential services have triggered significant disruptions to businesses worldwide, resulting in an economic slowdown. Governments and central banks have responded with monetary and fiscal interventions to stabilise economic condition. The charity is likely to be effected in the form of loss of income, however it will benefit from savings in costs and therefore this will not significantly impact the charity's financial position.
The charity has determined that these events are non-adjusting subsequent events. Accordingly, the financial position and results of operations as of and for the year ended 1 October 2020 have not been adjusted to reflect their impact. The duration and impact of the COVID-19 pandemic, as well as the effectiveness of government and central bank responses, remains unclear at this time. It is not possible to reliably estimate the duration and severity of these consequences, as well as their impact on the financial position and results of the charity for future periods.
Income and endowments
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Page 12
The Green Room Charitable Trust
Notes to the Financial Statements for the Year Ended 1 October 2021
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the Trust charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2 Income from donations and legacies
| Donations and legacies: Donations 3 Investment income Interest receivable and similar income: Interest receivable on bank deposits 4 Expenditure on charitable activities Note Grant funding of activities 5 |
Total 2021 £ 887,500 Total 2021 £ 4,239 Total 2021 £ 860,918 |
Total 2020 £ 1,139,997 |
|---|---|---|
| Total 2020 £ 16,282 |
||
| Total 2020 £ 1,061,115 |
Page 13
Notes to the Financial Statements for the Year Ended 1 October 2021
The Green Room Charitable Trust
5 Grant-making
Analysis of grants
Below are details of material grants made to institutions
| 2021 | 2020 | ||
|---|---|---|---|
| Name of institution | Activity | £ | £ |
| The Funding Network | 36,500 | 30,000 | |
| Renewable World | 2,000 | - | |
| Disability Africa | - | 2,000 | |
| AMF | 81,200 | - | |
| Medicine Sans Frontiers | - | 155,000 | |
| Int'l Rescue Committee UK | 50,000 | 50,000 | |
| Freedom From Torture | - | 300 | |
| Reprezent Radio | - | 12,500 | |
| Crisis | - | 15,000 | |
| Migrants Organise Ltd | - | 4,000 | |
| Chori Chori | - | - | |
| Save the Children | - | 1,000 | |
| So Give CATF | - | 520,000 | |
| So Give CFRN | - | 200,000 | |
| So Give MWA | 54,428 | 50,515 | |
| So Give CSER | - | - | |
| So Give Malaria Consortium | 55,825 | - | |
| So Give Development Media | - | - | |
| So Give Givewell | - | - | |
| So Give | 304,500 | 10,800 | |
| Self Help Africa | - | - | |
| United World | 30,450 | 5,000 | |
| Unseen UK | - | 5,000 | |
| The Tiyeni Fund | 3,565 | - | |
| The Felix Project | 1,000 | - | |
| Team Kenya CIO | 1,000 | - | |
| SoGive Suvita | 15,225 | - | |
| SoGive Strong Minds | 55,825 | - | |
| SoGive NTI | 91,350 | - | |
| SoGive CESAC | 71,050 | - | |
| Raising Futures | 5,000 | - | |
| Pipal tree Tom Prickett | 1,000 | - | |
| Horsley and Bookh | 1,000 | - |
Page 14
The Green Room Charitable Trust
Notes to the Financial Statements for the Year Ended 1 October 2021
860,918 1,061,115
6 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses from the charity during the year.
7 Staff costs
There were no employees during the year.
8 Social investments
| Unlisted Investments Bridges Ventures Fund III LP Bridges Property Alternatives Fund III Unit Trust Bridges Property Alternatives Fund IV Unit Trust Bridges Sustainable Growth Fund IV LP Bridges Evergreen Capital LP Global Health Investment Fund Total |
Opening Balance 360,575 237,294 382,995 1,296,184 1,526,459 671,545 £4,475,052 |
Additions/ (Redemption) (345,523) (86,495) 224,740 620,965 887,892 (282,539) £1,019,041 |
Closing Balance 15,052 150,799 607,736 1,917,149 2,414,351 389,006 |
|---|---|---|---|
| £5,494,093 |
Page 15
The Green Room Charitable Trust
Notes to the Financial Statements for the Year Ended 1 October 2021
Bridges Venture Fund III LP is a closed end private equity investment fund. The charity has committed a total capital of £400,000 towards this investment which provides funding capital to companies which focus on social benefit. The investment is stated at cost above as in the Trustees opinion this is the fair market value. The investments have a lock in period of at least five years following which they will provide an investment return to the charity.
Bridges Property Alternatives Fund III is an investment in a Unit Trust. They invest in emerging and underserved locations, creating and generating workspace for SME's or providing healthcare facilities for the ill or elderly in underserved markets. The charity has committed a total capital of £800,000 towards this investment which provides funding capital to companies which focus on social benefit. The investment is stated at cost above as in the Trustees opinion this is the fair market value.
Bridges Property Alternative Fund IV is a closed end private equity investment fund. The charity has committed a total of £1,200,000. The investment is stated at cost above as in the Trustees opinion this is the fair market value.
Bridges Sustainable Growth Fund IV is a closed end private equity investment fund. The charity has committed a total of £2,000,000. The investment is stated at cost above as in the Trustees opinion this is the fair market value.
Bridges Evergreen Capital LP is a closed end private equity investment fund. The charity has committed a total of £2,600,000. The investment is stated at cost above as in the Trustees opinion this is the fair market value.
Global Health Investment Fund is also a close ended and unlisted social enterprise investment fund. The charity had made an initial capital commitment of $800,000 to this fund, but that has changed over the years via the activity in the capital call notices and estimated changes to the carrying value of the fund’s remaining investments. The investment is stated at cost above as in the Trustees opinion this is the fair market value.
All the investments are programme related investments.
9 Creditors: amounts falling due within one year
| Accruals | 2021 £ 2,460 |
2020 £ 2,340 |
|---|---|---|
Page 16
The Green Room Charitable Trust
Notes to the Financial Statements for the Year Ended 1 October 2021
10 Commitments
Other financial commitments
The charity has following financial commitments-
| Name of Investments | Amount Committed |
Amount Invested at year end |
|---|---|---|
| Bridges Ventures Fund III LP | £400,000 | £15,052 |
| Bridges Property Alternatives Fund III Unit Trust | £800,000 | £150,799 |
| Bridges Property Alternatives Fund IV Unit Trust | £1,200,000 | £607,736 |
| Bridges Sustainable Growth Fund IV LP | £2,000,000 | £1,917,149 |
| Bridges Evergreen Capital LP | £2,600,000 | £2,414,351 |
Amount to be invested in coming years
£384,948 £649,201 £592,264 £82,851 £185,649
11 Funds
| Unrestricted funds General Unrestricted funds General |
Balance at 2 October 2020 £ 7,984,706 Balance at 2 October 2019 £ 7,177,036 |
Incoming resources £ 840,287 Incoming resources £ 1,875,557 |
Resources expended £ (917,615) Resources expended £ (1,067,887) |
Balance at 1 October 2021 £ 7,907,378 |
|---|---|---|---|---|
| Balance at 1 October 2020 £ 7,984,706 |
Page 17
The Green Room Charitable Trust
Notes to the Financial Statements for the Year Ended 1 October 2021
12 Analysis of net assets between funds
| 12 Analysis of net assets between funds | ||
|---|---|---|
| Social Investment Current assets Current liabilities Total net assets Social Investment Current assets Current liabilities Total net assets |
Unrestricted funds General £ 5,494,093 2,415,745 (2,460) 7,907,378 Unrestricted funds General £ 4,475,052 3,511,994 (2,340) 7,984,706 |
Total funds 2021 £ 5,494,093 2,415,745 (2,460) |
| 7,907,378 | ||
| Total funds 2020 £ 4,475,052 3,511,994 (2,340) |
||
| 7,984,706 |
13 Related party transactions
During the year, the charity received a donation of £887,500 from Charities Trust which receives Payroll giving of Tom Prickett, a trustee.
Page 18
The Green Room Charitable Trust
Detailed Statement of Financial Activities for the Year Ended 1 October 2021
| Income and Endowments from: Donations and legacies (analysed below) Investment income (analysed below) Total income Expenditure on: Charitable activities (analysed below) Governance costs (analysed below) Other expenditure (analysed below) Total expenditure Reliased gain on investment Unrealised gains/losses on investment assets Net (expenditure)/income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Total 2021 £ 887,500 4,239 891,739 (860,918) (49,983) (6,714) (917,615) - (51,452) (77,328) (77,328) 7,984,706 7,907,378 |
Total 2020 £ 1,139,997 16,282 |
|---|---|---|
| 1,156,279 | ||
| (1,061,115) (2,460) (4,312) |
||
| (1,067,887) 264,742 454,536 |
||
| 807,670 | ||
| 807,670 7,177,036 |
||
| 7,984,706 |
This page does not form part of the statutory financial statements. Page 19
The Green Room Charitable Trust
Detailed Statement of Financial Activities for the Year Ended 1 October 2021
| Donations and legacies Donations Investment income Interest on cash deposits Charitable activities Grants payable - institutions Governance costs Auditors' remuneration - audit work Auditors' remuneration - non audit work Management fees Foreign currency (gains)/losses Other expenditure Bank charges Investment Equalisation interest |
Total 2021 £ 887,500 887,500 4,239 4,239 (860,918) (860,918) (2,160) (60) (22,142) (25,621) (49,983) (165) (6,549) (6,714) |
Total 2020 £ 1,139,997 |
|---|---|---|
| 1,139,997 | ||
| 16,282 | ||
| 16,282 | ||
| (1,061,115) | ||
| (1,061,115) | ||
| (2,040) (420) - - |
||
| (2,460) | ||
| (1,383) (2,929) |
||
| (4,312) |
This page does not form part of the statutory financial statements. Page 20