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2021-05-31-accounts

Reference and Administrative
Details		 Reference and Administrative
Details		 Reference and Administrative
Details
Strategic Report 2to 4
Trustees' Report 5 to 6
Independent
Examiner's		 Report
Statement ofFinancial Activities
Balance Sheet
Notes to the Financial Statements 10to 20
Byrne Family Foundation Foundation
Reference and Administrative Details
Chief Executive Officer Mr Kevin Byrne
Trustees Mr Kevin Byrne
Mrs Lisa Marie Byrne
Miss Rachel Byrne
Mr David Alastair Harland
Ms Ruth Byrne
Mrs Emily Louise Styles
Secretary Mr David Brian Pegler
Charity Registration Number 1137878
Company Registration Number 07252359
The charity is incorporated in England and Wales.
Registered Office 2nd Floor Stanford Gate
South Road
Brighton
East Sussex
BN1 6SB
Principal Office The Apple Building
Ellis Square
Selsey
West Sussex
PO20 OAF
Auditor SRC-Time Ltd
2nd Floor
Stanford Gate
South Road
Brighton
East Sussex
BN1 6SB

Trustees: Mr Kevin Byrne
Mrs Lisa Marie Byrne
Miss Rachel Byrne
Mr David Alastair Harland
Ms Ruth Byrne
Mrs Emily Louise Styles
Chief Executive Officer: Mr Kevin Byrne
Secretary: Mr David Brian Pegler

and Los ses)
Total
Unrestricted 2021
Note
Income and Endowments from:
Donations
and legacies		 5,963 5,963
Investment
income		 118,031 118,031
Total Income 123,994 123,994
Expenditure
on:
Raising funds (3,284) (3,284)
Charitable
activities		 (408,058) (408,058)
Total Expenditure (411,342) (411,342)
Fair value adjustment on current asset investment 727,171 727,171
Net income 439,823 439,823
Net movement
in funds		 439,823 439,823
Reconciliation offunds
Total funds brought forward 4,932,727 4,932,727
Total funds carried forward 14 5,372,550 5,372,550
Total
Unrestricted 2020
Note
Income and Endowments from:
Donations
and legacies		 26,310 26,310
Investment
income		 111,703 111,703
Total Income 138,013 138,013
Expenditure
on:
Raising funds (3,382) (3,382)
Charitable
activities		 (419,016) (419,016)
Total Expenditure (422,398) (422,398)
Fair value adjustment on current asset investment (148,380) (148,380)
Net expenditure (432,765) (432,765)
Net movement
in funds		 (432,765) (432,765)
Reconciliation offunds
Total funds brought forward 5,365,492 5,365,492
Total funds carried forward 14 4,932,727 4,932,727

Balance Sheet as a t31May 2021
2021 2020
Note
Fixed assets
Tangible assets 1,259898 351,290
Current assets
Investments 12 4,109,736 4,478,137
Cash at bank and in hand 6,817 106,504
4,116,553 4,584,641
Creditors: Amounts falling due within one year 13 3,301 3,204
Net current assets 4,113,252 4,581,437
Net assets 5,372,550 4,932,727
Funds ofthe charity:
Unrestricted income funds
Unrestricted funds 5,372,550 4,932,727
Total funds 14 5,372,550 4,932,727

Unrestricted
funds Total Total
General 2021 2020
f,
Donations and legacies;
Donations from fundraising 5,963 5,963 26,310
5,963 5,963 26,310

Unrestricted
Total Total
General 2021 2020
Income from dividends;
Dividends receivable 99,874 99,874 124,744
(Loss) / profit on sale ofcurrent asset investments (26,758) (26,758) (26,441)
Income from rents 44,915 44,915 13,400
118,031 118,031 111,703

Unrestricted
funds Total Total
Note General 2021 2020f
Other investment management costs;
Maintenance charges 3/84 3,284 3,382
3,284 3,284 3,382
6 Expenditure on charitable activities
Unrestricted
funds Total Total
General 2021 2020
f,
Grant funding of activity 361,460 361,460 360,591
Allocated support costs 735 735 713
Governance
costs		 1,176 1,176 900
Portfolio management fees 44,687 44,687 56,812
408,058 408,058 419,016

Notes t o the Fin ancial Statements for the Year End ed 31May 202 1
Grant funding Activity
ofactivity support costs 2021 2020
Grants payable 361,460 361,460 360,591
Just Giving charges 216 216 216
Bank charges 519 519 497
Portfolio custody fees 13,874 13,874 8,608
Portfolio FA fees 7,119 7,119 17,759
Auditors remuneration 1,176 1,176 900
Portfolio management fees 23,694 23,694 30,445
361,460 46,598 408,058 419,016

Analysis ofgrants
Grants to institutions
2021 2020
Analysis
Grants payable 361,460 360,591
The support costs associated with grant-making are FNil (31 May 2020 - XNil).
Below are details ofmaterial grants made to institutions
Name ofinstitution 2021 2020
Spirit FM Sponsor 1,980
Total grants to institutions below
$1,000 1,755 716
Chestnut
Tree House		 11+25
Global Compassion 17,000 15,000
St Wilfreds Hospice 100,000 100,000
Park Home 10,000
Christian
Outreach		 Centre 1,670
Hope House 240,705 220,000
Lisa Lyon 2,000
361,460 360,591

Land and
buildings Total
351,290 351,290
908,008 908,008
1,259,298 1,259,298
1,259,298 1,259,298
351,290 351,290

2021 2020
f,
Listed investments 4,109,736 4,478,137
13 Creditors: amounts falling due within one year
2021 2020f
Other creditors 1,501
Accruals 1,800 3,204
3,301 3+04
14 Funds
Balance at 1 Incoming Resources Balance at 31
June 2020 resources expended May 2021
f,
Unrestricted funds
General 4,932,727 123,994 315,829 5,372,550
Balance at 1 Incoming Resources Balance at 31
June 2019 resources expended May 2020
Unrestricted funds
General 5,365,492 138,013 (570,778) 4,932,727

15 Anal ysis ofnet assets between funds
Unrestricted Total funds at
funds 31May
General 2021
Tangible fixed assets 1,259,298 1,259,298
Current assets 4,116,553 4,116,553
Current liabilities (3,301) (3/01)
Total net assets 5,372,550 5,372,550
Unrestricted Total funds at
funds 31May
General 2020
f,
Tangible fixed assets 351,290 351,290
Current assets 4,584,641 4,584,641
Current liabilities 3,204 3,204
Total net assets 4,932,727 4,932,727

16 Analysis ofnet funds
Financing
cash		 At 31 May
At 1June 2020 flows 2021
Cash at bank and in hand 106,504 (99,687) 6,817
Current asset investments 4,478,137 368,401) 4,109,736
Net debt 4,584,641 (468,088 4,116,553
Financing
cash		 At 31May
At 1June 2019 flows 2020
Cash at bank and in hand 8/77 98,127 106,504
Current asset investments 5,009,925 (531,788) 4,478,137
Net debt 5,018,302