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|||Page|
|---|---|---|
|Reference and administrative|details ofthe Charffy, its Trustees and advisers||
|Trustees' report||2-11|
|Independent
examiner's
report||12|
|Statement offinancial activities||13|
|Balance sheet||14|
|Notes to the financial statements||15-28|
##
|Trustees||J Geoghegan||||||
|---|---|---|---|---|---|---|---|
|||C Chanda||||||
|||W Dear||||||
|||G Diblase||||||
|||V Kyte||||||
|||SC Mckeand-Han||||||
|||T Morrell||||||
|||E Patsalos||||||
|||CV Pocock||||||
|||A Singh||||||
|Charity registered||||||||
|number||1140672||||||
|Principal offic||cio RPG Crouch|Chapman|||LLP||
|||14-16 Dowgate|Hill|||||
|||London||||||
|||EC4R 2SU||||||
|Accountants||RPG Crouch Chapman|||LLP|||
|||14-16Dowg ate|Hill|||||
|||London||||||
|||EC4R 2SU||||||
|Bankers||HSBC||||||
|||Church Street||||||
|||Weybrldge||||||
|||Surrey||||||
|||KT138DF||||||
|Solicitors||Thomson
Snell &Passmore||||||
|||3 I onsdale Gardens||||||
|||Tunbddge
Wells||||||
|||TN1 1NX||||||
|Investment|Adivser|Verltas Investment||Management|||LLP|
|||90Long Acre||||||
|||London||||||
|||WC2E 9RA||||||
|Independent|Examiner|Jeremy Tyrrell||||||
|||RPG Crouch Chapman|||LLP|||
|||14-16 Dowgate|Hill|||||
|||London||||||
|||EC4R 2SU||||||
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||||Endowment|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
|||Note|2021
f|2021
f|2021
Z|2020f|
|Income and endowments|from:||||||
|Donations
and legades||||||50,000|
|Investments|||5,039||5,039|7,920|
|Total income and endowments|||5,039||5,039|57,920|
|Expenditure
on:|||||||
|Raising funds|||1,857||1,857|10,706|
|Charitable
activities||||275,450|275,450|31'/,490|
|Total expenditure|||1,857|275,450|277,307|322,196|
|Net income/(expenditure)|before net||||||
|gains on Investments|||3,182|(275,450)|(272,268)|(264,276)|
|Net gains on investments|||305,510|12,564|318,074|21,973|
|Net income/(expenditure)|||308,692|(262,886)|45,806|(242,303)|
|Transfers between
funds||17|(297,000)|297,000|||
|Net movement
in funds|||11,692|34,114|45,806|(242,303)|
|Reconciliation offunds:|||||||
|Total funds brought
forward|||484,419|273,617|758,036|1,000,339|
|Net movement
in funds|||11,692|34,114|45,806|(242,303)|
|Total funds carried forward|||496,111|307,731|803,842|758,036|
##
|||||2021||2020|
|---|---|---|---|---|---|---|
|||Note||E||6|
|Fixed assets|||||||
|Investments||10||2,255,146||1,229,431|
|||||2,255,146||7,229,431|
|Current assets|||||||
|Debtors||11|6,406||10,754||
|Cash at bank and|in hand||84,990||31,557||
||||91,396||42,311||
|Creditors: amounts|falling due within one||||||
|year||12|(1,271,504)||(345,463)||
|Net current liabilities||||(1,180,108)||(303,152)|
|Total assets hss|current liablgtles|||1,075,038||926,279|
|Creditors: amounts|falling due after more||||||
|than one year||14||(271,196)||(168,243)|
|Total net assets||||||758,036|
|Charity funds|||||||
|Endowment
funds||17||496,111||484,419|
|Unrestricted
funds||17||307,731||273,617|
|Total funds||||803,842||758,036|
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||||Unrestricted|Total|
|---|---|---|---|---|
||||funds|funds|
||||2021|2021|
||||E|E|
|Grants|||||
||||Unrestricted|Total|
||||funds|funds|
||||2020|2020|
|Grants|||50,000|50,000|
|Investment||income|||
||||Endowment|Total|
||||funds|funds|
||||2021|2021|
||||E|E|
|Income from||local listed investments|5,039|5,039|
||||Endowment|Total|
||||funds|funds|
||||2020|2020|
|||||E|
|Dividends|and interest||7,920|7,920|
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||||Endowment|Total|
|---|---|---|---|---|
||||funds|funds|
||||2021
f|2021
f|
|Investment|management|costs|1,857|1,857|
||||Endowment|Total|
||||I'unds|funds|
||||2020f|2020f|
|Investment|management|costs|10,706|10,706|
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||Unrestricted|Total|
|---|---|---|
||funds|funds|
||2021f|2021f|
|Admin
and office costs|3,199|3,199|
|Bank and other charges|1,481|1,481|
|Governance
costs|7,296|7,296|
|Grants to individuals|232,238|232,238|
|ITand software costs|5,015|5,015|
|Salaries gnck Nl)|25,068|25,068|
|Travel and subsistence|785|785|
|Gifts and entertainment|368|368|
||275,450|275,450|
||Unrestricted|Total|
||funds|funds|
||2020|2020f|
|Admin and olflce costs|9,952|9,952|
|Bank and other charges|2,971|2,971|
|Governance
Costs|11,087|11,087|
|Grants to individuals|261,235|261,235|
|ITand software costs|1,354|1,354|
|Salaries (ind. Nl)|24,826|24,826|
|Travel and subsistence|65|65|
|Gifts and entertainment|||
||311,490|311,490|
##
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|Governance|cos|ts|||||
|---|---|---|---|---|---|---|
|||||Endowment|Unrestricted|Total|
|||||Funds|Funds|Funds|
|||||2021|2021|2021|
|||||f|f|f|
|Accountancy|and|independent|examination||7,296|7,296|
||||||7,296|7,296|
|||||Endowment|Unrestricted|Total|
|||||Funds|Funds|Funds|
|||||2020|2020|2020|
|||||f|f|f|
|Accountancy|and|Independent|examination||10,997|10,997|
|Professional|fees||||90|90|
||||||11,087|11,087|
##
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||||||2021f|2020f|
|---|---|---|---|---|---|---|
|Wages and|salaries||||23,625|22,724|
|Social security costs|||||1,023|1,698|
|Contribution|to defined|contribution|pension|schemes|420|404|
||||||25,068|24,826|
|The average|number ofpersons employed|||by the Charity during the year was as follows:|||
||||||2021|2020|
||||||No.|No.|
|Administration|and support||||||
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||Listed|
|---|---|
||Investmentsf|
|Cost or valuation||
|At 1 January 2021|1,229,431|
|Additions|925,000|
|Dlsposals|(217,358)|
|Revaluations|318,073|
|At 31 December 2021|2,255,146|
|Net book value||
|At 31 December 2021|2,255,146|
|At 31December 2020|1,229,431|
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|Breakdow|n ofgains/ (losses)|||
|---|---|---|---|
|||2021f|2020f|
|Realised|gains/ (losses)|20,508|3,932|
|Unrealised|gains/ (losses)|297,567|18,041|
|||318,075|21,973|
##
|||2021
f.|2020
f|
|---|---|---|---|
|Due within one year||||
|Other debtors||327|498|
|Prepayments|and accrued income|6,079|10,256|
|||6,406|10,754|
##
##
||2021
E|2020f|
|---|---|---|
|Trade creditors|4,253|5,868|
|Other creditors|1,000,000||
|Accruals|267,251|339,595|
||1,271,504|345,463|
##
|Accrued educational|expenses|256,295|327,713|
|---|---|---|---|
|Other accrued expenses||10,956|11,882|
|||267,251|339,595|
##
|||||2021f|2020f|
|---|---|---|---|---|---|
|Accruals|and|deferred|income|271,196|168,243|
##
|||||||||||2021
6|2020f|
|---|---|---|---|---|---|---|---|---|---|---|---|
|Financial|assets|||||||||||
|Financial|assets|measured|at|fair|value|through|Income|and|expenditure|2,255,146|1,229,431|
##
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|||||||Balance at|
|---|---|---|---|---|---|---|
||Balance at 1|||||31|
||January|||Transfers|Gains/|December|
||2021|Income|Expenditure|In/out|(Losses)|2021|
||6||6|6||6|
|Unrestricted|||||||
|funds|||||||
|Designated|||||||
|funds|||||||
|Designated|||||||
|Fund|68,193||(29,737)|29,737|12,564|80,757|
|General funds|||||||
|General Funds|205,424||(245,713)|267,263||226,974|
|Total|||||||
|Unrestricted|||||||
|funds|273,617||(275,450)|297,000|12,564|307,731|
|Endowment|||||||
|funds|||||||
|Endowment|||||||
|Fund|484,419|5,039|(1,857)|(297,000)|305,510|496,111|
|Total offunds|758,036|5,039|(277,307)||318,074|803,842|
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|Statement offun|ds - prior year||||||
|---|---|---|---|---|---|---|
|||||||Be)ance at|
||Balance at|||||31|
||1January|||Transfers|Gains/|December|
||2020|income|Expendituref|in(outf|(Losses)f|2020f|
|Unrestricted|||||||
|funds|||||||
|General Funds|185,107|50,000|(311,490)|350,000||273,617|
|Endowment|||||||
|funds|||||||
|Endowment|||||||
|Fund|815,232|7,920|(10,706)|(350,000)|21,973|484,419|
|Total offunds|1,000,339|57,920|(322,196)||21,973|758,036|
##
|Analysis of net assets between funds
Analysis ofnet assets between funds - current|year|||
|---|---|---|---|
||Endowment|Unrestricted|Total|
||funds|funds|funds|
||2021
f|2021
f|2021f|
|Fixed asset investments|488,114|1,767,032|2,255,146|
|Current assets|7,997|83,399|91,396|
|Creditors due within one year||(1,271,504)|(1,271,504)|
|Creditors due in more than one year||(271,196)|(271,196)|
|Total|496,111|307,731|803,842|
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|Analysis of net assets between funds - prior y|ear|||
|---|---|---|---|
||Endowment|Unrestrtcted|Total|
||funds|funds|funds|
||2020
f|2020|2020f|
|Fixed asset investments|474,963|754,468|1,229,431|
|Current assets|9,456|32,855|42,311|
|Creditors due within one year||(345,463)|(345,463)|
|Creditors due In more than one year||(168,243)|(168,243)|
|Tl|484,419|273,617|758,036|
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