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|||Page|
|---|---|---|
|Reference and administrative
details ofthe Charity,|its Trustees and advisers||
|Trustees'
report||2-10|
|Trustees'
responsibilities
statement|||
|Independent
examiner's
report||12|
|Statement offinancial
activities||13|
|Balance sheet|||
|Notes to the financial statements||15-29|
##
|Trustees|||J Geoghegan,|Chairman|Chairman|Chairman|||
|---|---|---|---|---|---|---|---|---|
||||SC Mckeand-Han,||Legal Advisor||||
||||C Chanda||||||
||||W Dear||||||
||||G Dibiase||||||
||||V Kyte||||||
||||E Patsalos||||||
||||C V Pocock||||||
||||A Singh||||||
||||S Haidry||||||
|Charity registered|||||||||
|number|||1140672||||||
|Principal|office||cio RPG Crouch Chapman||||LLP||
||||14-16Dowgate|Hill|||||
||||London||||||
||||EC4R 2SU||||||
|Principal|operating||cio RPG Crouch Chapman||||LLP||
|office|||14-16Dowgate|Hill|||||
||||London||||||
||||EC4R 2SU||||||
|Treasurer|||Tom Monell||||||
|Accountants|||RPG Crouch Chapman|||LLP|||
||||14-16Dowgate|Hill|||||
||||London||||||
||||EC4R 2SU||||||
|Bankers|||HSBC||||||
||||Church Street||||||
||||Weybridge||||||
||||Surrey||||||
||||KT136DF||||||
|Solicitors|||Thomson
Snail|& Passmore|||||
||||3 Lonsdale Gardens||||||
||||Tunbridge
Wells||||||
||||TN1 1NX||||||
|Investment||Adivser|Veritas Investment||Management|||LLP|
||||90 Long Acre||||||
||||London||||||
||||WC2E 9RA||||||
|Independent||Examiner|Jeremy Tyrrell||||||
||||RPG Crouch Chapman|||LLP|||
||||14-16Dowgate|Hill|||||
||||London||||||
||||EC4R 2SU||||||
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|||||Endowment|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|
|||Note||2022
f|2022
f|2022|2027f|
|Income and endowments||from:||||||
|Donations
and legacies|||||14,081|14,081||
|Investments||||3,962||3,962|5,039|
|Other income|||||133,161|133,161||
|Total income and|endowments|||3,962|147,242|151,204|5,039|
|Expenditure
on:||||||||
|Raising funds||||(810)|(3,914)|(4,724)|1,857|
|Charitable
activities|||||379,645|379,645|275,450|
|Total expenditure||||(810)|375,731|374,921|277,307|
|Net Income/(expenditure)||before net||||||
|(losses)/gains
on|investments|||4,772|(228,489)|(223,717)|(272,268)|
|Net (losses)/gains|on investments|||(30,912)|(150,765)|(181,677)|318,074|
|Net (expenditure)/income||||(26,140)|(379,254)|(405,394)|45,806|
|Transfers
between|funds||19|(154,243)|154,243|||
|Net movement
in|funds|||(180,383)|(225,011)|(405,394)|45,806|
|Reconciliation
of|funds:|||||||
|Total funds brought|forward|||496,111|307,731|803,842|758,036|
|Net movement
in funds||||(180,383)|(225,011)|(405,394)|45,806|
|Total funds canied forward||||315,728|82,720|398,448|803,842|
|The Statement
offinancial||activities includes|all|gains and losses|recognised
in the|year.||
##
##
||||Note||2022||2021f|
|---|---|---|---|---|---|---|---|
|Fixed assets||||||||
|Investments|||12||1,844,469||2,255,146|
||||||1,844,469||2,255,146|
|Current assets||||||||
|Debtors|||13|18,770||6,406||
|Cash at bank and|in hand|||14,989||84,990||
|||||33,759||91,396||
|Creditors: amounts|falling|due within one||||||
|year|||14|(294,428)||(1,271,504)||
|Net current
liabilities|||||(260,669)||(1,180,108)|
|Total assets less|current|liabilities|||1,583,800||1,075,038|
|Creditors;
amounts|falling|due after more||||||
|than one year|||16||(1,185,352)||(271,196)|
|Total net assets|||||398,448||803,842|
|Charity funds||||||||
|Endowment
funds|||19||315,728||496,111|
|Unrestricted
funds|||19||82,720||307,731|
|Total funds|||||398,448||803,842|
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||Unrestncted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2022|2022f|2021f|
|Donations|14,081|14,081||
##
||||Endowment|Total|
|---|---|---|---|---|
||||funds|funds|
||||2022f|2022|
|Dividends|and|interest|3,962|3,962|
||||Unrestricted|Total|
||||funds|funds|
||||2021f|2021f|
|Dividends|and|interest|5,039|5,039|
##
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||||||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
||||||||funds|funds|funds|
||||||||2022|2022f|2021f|
||Capital||Contribution||arising from loan interest foregone||133,161|133,161||
|6.|Investment|||management||costs||||
||||||||Endowment|Unrestricted|Total|
||||||||funds|funds|funds|
||||||||2022
f|2022
f|2022f|
||Investment|||management||costs|(610)|(3,914)|(4,724)|
|||||||||Endowment|Total|
|||||||||funds|funds|
|||||||||2021f|2021f|
||Investment|||management||costs||1,857|1,857|
|7.|Analysis||of|grants||||||
|||||||||Grants to|Total|
|||||||||Individuals|funds|
|||||||||2022f|2022
f.|
||Grants,||Grant giving||and|mentee support||337,614|337,614|
|||||||||Grants to|Total|
|||||||||Individuals|funds|
|||||||||2021
f'|2021f|
||Grants,|Grant giving|||and mentee support|||232,238|232,238|
##
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||||||Unrestricted||
|---|---|---|---|---|---|---|
||||||funds|Total|
||||||2022f|2022f|
|Grant|giving|and|mentee|support|379,645|379,645|
||||||Unrestricted||
||||||funds|Total|
||||||2021f|2021f|
|Grant|giving|and|mentee|support|275,450|275,450|
##
||||||Activities|Grant|||
|---|---|---|---|---|---|---|---|---|
||||||undertaken|funding
of|Support|Total|
||||||directly|activities|costs|funds|
||||||2022f|2022|2022|2022f|
|Grant|giving|and|mentee|support|28,141|337,614|13,890|379,645|
||||||Activities|Grant|||
|---|---|---|---|---|---|---|---|---|
||||||undertaken|funding ol|Support|Total|
||||||directly|activiVes|costs|funds|
||||||2021|2021f|2021f|2021|
|Grant|giving|and|mentee|support|29,953|232,238|13,259|275,450|
##
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|||Grant giving||
|---|---|---|---|
|||and mentee|Total|
|||support|funds|
|||2022f|2022f|
|Staff|costs|24,147|24,147|
|Bank|and other charges|1,673|1,673|
|Travel and subsistence||40|40|
|IT and software costs||30|30|
|Admin|and office costs|149|149|
|Gifts and entertainment||2,102|2,102|
|||28,141|28,141|
|||Grant giving||
|||and mantes|Total|
|||support|funds|
|||2021f|2021f|
|Staff costs||25,068|25,068|
|Bank and other charges||1,481|1,481|
|Travel|and subsistence|785|785|
|IT and|software costs|19|19|
|Admin|and office costs|2,232|2,232|
|Gifts and entertainment||368|368|
|||29,953|29,953|
##
##
||||||||Grant giving||
|---|---|---|---|---|---|---|---|---|
||||||||and mentee|Total|
||||||||support|funds|
||||||||2022|2022|
||||||||E||
||IT and|software costs|||||939|939|
||Admin|and|office costs||||4,497|4,497|
||Governance||costs||||8,454|8,454|
||||||||13,890|13,890|
||||||||Grant giving||
||||||||and mentee|Total|
||||||||support|funds|
||||||||2021|2021|
||||||||E|E|
||IT and|software costs|||||1,075|1,075|
||Admin|and|office costs||||4,888|4,888|
||Governance||costs||||7,296|7,296|
||||||||13,259|13,259|
|10.|Staff costs||||||||
||||||||2022
E|2021f|
||Wages|and|salaries||||23,625|23,625|
||Social|security costs||||||1,023|
||Contribution||to defined|contribution|pension|schemes|522|420|
||||||||24,147|25,068|
||The average||number ofpersons employed|||by the Charity during|the year was as follows:||
||||||||2022|2021|
||||||||No.|No.|
||Administration||and support||||||
##
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##
##
|||Listed|
|---|---|---|
|||investments|
|||E|
|Cost or valuation|||
|At 1 January 2022||2,255,146|
|Disposals||(229,000)|
|Revaluations||(181,677)|
|At 31 December 2022||1,844,469|
|Net book value|||
|At 31 December 2022||1,844,469|
|At 31December 2021||2,255,146|
|Breakdown
ofgains/ (losses)|||
||2022|2021|
||6|E|
|Realised
gains/ (losses)|(20,859)|20,508|
|Unrealised
gains/ (losses)|(160,818)|297,567|
||(181,677)|318,075|
##
##
##
|||2022|2021|
|---|---|---|---|
||||E|
|Due within|one year|||
|Other debtors||327|327|
|Prepayments|and accrued income|18,443|6,079|
|||18,770|6,406|
##
||2022|2021|
|---|---|---|
||E||
|Trade creditors|4,253|4,253|
|Other creditors||1,000,000|
|Accruals|290,175|267,251|
||294,428|1,271,504|
##
|Accrued educational|expenses|284,895|256,295|
|---|---|---|---|
|Other accrued expenses||5,280|10,956|
|||290,175|267,251|
##
##
|||2022|2021|
|---|---|---|---|
|||F|E|
|Other creditors||866,839||
|Accrued educational|expenses|318,513|271,196|
|||1,185,352|271,196|
##
|||||||||||2022||2021|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||6||E|
|Financial|assets||||||||||||
|Financial|assets|measured|at|fair|value|through|income|and|expenditure|1,844,469|2,|255,146|
##
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##
##
||||||||Balance at|
|---|---|---|---|---|---|---|---|
|||Balance at 1|||||31|
|||January|||Transfers|Gains/|December|
|||2022|Income|Expenditure|in/out|(Losses)|2022|
||||E|E||E||
|Unrestricted||||||||
|funds||||||||
|Designated||||||||
|funds||||||||
|Designated||||||||
|Fund||80,757|||(80,757)|||
|General|funds|||||||
|General|Funds|226,974|147,242|(375,731)|235,000|(150,765)|82,720|
|Total||||||||
|Unrestricted||||||||
|funds||307,731|147,242|(375,731)|154,243|(150,765)|82,720|
|Endowment||||||||
|funds||||||||
|Endowment||||||||
|Fund||496,111|3,962|810|(154,243)|(30,912)|315,728|
|Total of|funds|803,842|151,204|(374,921)||(181,677)|398,448|
##
##
|Stateme|nt of fun|ds - prior year||||||
|---|---|---|---|---|---|---|---|
||||||||Balance at|
|||Balance at|||||31|
|||1January|||Transfers|Gainsr|December|
|||2021f|Incomef|Expendituref|inloutf|(Losses)f|2021f|
|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 of|funds|758,036|5,039|(277,307)||318,074|803,842|
##
|Analysis of net assets between
funds - current|year|||
|---|---|---|---|
||Endowment|Unrestricted|Total|
||funds|funds|funds|
||2022|2022|2022|
||f|f||
|Fixed asset investments|315,728|1,528,741|1,844,469|
|Current assets||33,759|33,759|
|Creditors due within one year||(294,428)|(294,428)|
|Creditors due in more than one year||(1,185,352)|(1,185,352)|
|Total|315,728|82,720|398,448|
##
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##
|Analysis|of net assets between funds -prior y|ear|||
|---|---|---|---|---|
|||Endowmenl|Unrestricted|Total|
|||funds|funds|funds|
|||2021|2021|2021|
|||8|E|6|
|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|