**Charity number: 1140855**
## **THE ORP FOUNDATION**
## **UNAUDITED**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 5 APRIL 2021**
## **THE ORP FOUNDATION**
## **CONTENTS**
||Page|
|---|---|
|**Reference and Administrative Details of the Charity, its Trustees and Advisers**|1|
|**Chairman's Statement**|2 - 3|
|**Trustees' Report**|4 - 5|
|**Independent Examiner's Report**|6|
|**Statement of Financial Activities**|7|
|**Balance Sheet**|8|
|**Notes to the Financial Statements**|9 - 17|
## **THE ORP FOUNDATION**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2021**
|**Trustees**|Miss H Newman|
|---|---|
||Mrs S Oppenheimer|
||Mrs S C Oppenheimer|
||Mr J Caluori|
||Dr A Sanitt|
|**Charity registered**
**number**
1140855
**Principal address**
PO Box 67685
London
NW11 1LP
**Accountants**
Berg Kaprow Lewis LLP
Chartered Accountants
35 Ballards Lane
London
N3 1XW
**Bankers**
Tridos Bank
Deanery Road
Bristol
BS1 5AS
Bristol
**Solicitors**
Bates Wells & Braithwaite London LLP
2-6 Cannon Street
London
EC4M 6YH||
Page 1
## **THE ORP FOUNDATION**
## **CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 5 APRIL 2021**
The chairman presents his statement for the year.
## **Priorities**
The Charity’s present priorities are:
1.Children and education - with an emphasis on disadvantaged children;
2.Refugees, asylum seekers and human rights; and
3.The environment - action to address and reduce climate change and the ecological crisis.
These priorities are reviewed on an annual basis by the Trustees and may change.
## **Grant Decision Process**
To meet these priorities, Trustees consult with their families to identify appropriate charities and undertake research on those charities before presenting their suggestions to the Board of Trustees for decision. The Trustees do not accept unsolicited grant applications.
When identifying charities to fund, the Trustees consider the following:
• How closely does the organisation meet one or more of the priorities?
• Is the organisation a registered charity or can the work be funded via a registered charity as accountable body?
• What impact will the funding have? The Trustees look at projected outcomes. The Trustees generally fund small to medium charities where a relatively small contribution will make a difference. The Trustees like to fund charities that are often less popular with mainstream funders or the public, and where support can therefore have more of an impact. The Trustees like to fund organisations that have a broader or national impact, for instance in influencing policy.
• Is the funding for a specific project or towards core running costs? The Trustees are happy to fund both, but recognise that it is very hard for charities to obtain unrestricted core funding from mainstream grant-giving bodies and therefore are happy to see the contribution used in this way.
• How sustainable is the organisation? The Trustees usually fund established organisations that have a proven wide and sustainable funding base. In exceptional cases, for instance when an organisation is just starting up, the Trustees will ask them to match fund the grant before releasing any funding.
• Due diligence. The Trustees check annual accounts, annual reports, impact reports and other documents to ensure that the charity is following good governance processes.
## **Grants**
The grants are usually £10,000 per annum, though they can be less if the need is less. As a general rule, the Trustees fund organisations for a period of three years, but each year they ask for an update of work undertaken and review the grant in the light of the considerations above before agreeing the renewed funding. The Trustees keep a light touch, not wanting to overburden organisations with too much bureaucratic paperwork. On occasion, funding will be extended beyond three years if the organisation’s aims and work are very much in line with the priorities and where continued funding will make a difference.
Page 2
## **THE ORP FOUNDATION**
## **CHAIRMAN'S STATEMENT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021**
## **Organisations funded in 2020/21**
1. Chem Trust - works to prevent hazardous chemicals from causing long-term damage to wildlife or humans. 2. Greenpeace Environmental Trust – focuses on scientific research, investigations and education, all of which address the urgent environmental problems we face
3. Action Tutoring - supports pupils from disadvantaged backgrounds to achieve a meaningful level of academic attainment through the support of volunteer tutors.
4. Hope for the Future - Works with young people in schools helping to equip them to understand and communicate about the climate crisis.
5. Refuaid - supports refugees to access language tuition, education, finance and meaningful employment.
6. Ecology Trust/UKWIN - UK Without Incinerators Network campaigns against waste incineration and for a circular resource economy.
## Sue Oppenheimer
Mrs S Oppenheimer Chairman Date: 27/01/2022
Page 3
## **THE ORP FOUNDATION**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 5 APRIL 2021**
The Trustees present their annual report together with the financial statements of the charity for the 6 April 2020 to 5 April 2021.
## **Objectives and activities**
## **a. Policies and objectives**
The objectives of the charity are to maintain the investment holdings of the charity, whilst generating income to donate to charities at the discretion of the trustees.
The trustees have taken note of the public benefit guidance issued by the Charity Commission.
## **b. Grant-making policies**
During the year, the charity donated £60,500 (2020 - £128,000) to various charities.
## **Achievements and performance**
## **Financial review**
## **a. Going concern**
The Charity has minimal fixed costs, with the main source of expenditure being grants made to institutions which can be made at the discretion of the Trustees. Furthermore, the Charity had a healthy net asset postion, mostly consisting of cash and liquid investments. The Trustees therefore consider that based on the circumstances existing at the date of signature of the accounts the operations of the charity are not likely to be affected in a material manner by the current Coronavirus outbreak.
## **b. Reserves policy**
It is the policy of the Charity to maintain unrestricted funds which are the free reserves of the Charity at a level which allows the Charity to raise sufficient income to pay annual charitable donations at the discretion of the Trustees from time to time. This policy was met at the year end. The Trustees have signed the Divest-Invest pledge and are working to exclude income generated from fossil fuels.
## **c. Financial risk management objectives and policies**
The Trust’s work is entirely reliant on donation income and investment returns from its endowments. There is an Investment Committee that looks after the investments. The trustees have asked the investment committee to seek a balance between capital preservation and income growth and to pursue a relatively low risk investment strategy.
## **d. Risk management**
The Trustees have assessed the major risks to which the Charity is exposed, in particular, those related to the operations and finances of the Trust and are satisfied that systems are in place to mitigate their exposure to the major risks.
## **Structure, governance and management**
## **a. Constitution**
The charity is an unincorporated trust, formed under a Trust Deed dated 2 March 2011, and is registered with the Charity Commission.
The principal object of the charity is to hold the Trust Fund and its income upon trust to apply them for all objects which are regarded as exclusively charitable under the law of England and Wales.
Page 4
## **THE ORP FOUNDATION**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021**
## **Structure, governance and management (continued)**
## **b. Methods of appointment or election of Trustees**
The Orp Foundation has five Trustees who will each serve for an initial term of three years, renewable by reappointment for two further terms. Each trustee can nominate charities that they wish to receive grants in relation to their family’s share of the original endowment. The trustees meet on a quarterly basis and discuss their broad strategy and priorities for the year. The Investment Committee produce a written financial report for trustees prior to all trustee meetings.
New trustees are given training as seen appropriate.
## **Statement of Trustees' responsibilities**
The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- 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 adequate accounting records that are sufficient to show and explain the charity's transactions and 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 Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They 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.
Approved by order of the members of the board of Trustees and signed on their behalf by:
## Sue Oppenheimer
**Mrs S Oppenheimer** Trustee Date 27/01/2022
Page 5
## **THE ORP FOUNDATION**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 5 APRIL 2021**
## **Independent Examiner's Report to the Trustees of The Orp Foundation ('the charity')**
I report to the charity Trustees on my examination of the accounts of the charity for the year ended 5 April 2021.
## **Responsibilities and Basis of Report**
As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent Examiner's Statement**
Your attention is drawn to the fact that the charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report.
## Ian Saunderson
28/01/2022
Signed:
Dated:
Ian Saunderson FCA
BERG KAPROW LEWIS LLP Chartered Accountants London
Page 6
## **THE ORP FOUNDATION**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2021**
|**Note**
**Income from:**
Investments
2
**Total income**
**Expenditure on:**
Raising funds
3
Charitable activities
5
**Total expenditure**
**Net income/(expenditure) before net gains/(losses)**
**on investments**
Net gains/(losses) on investments
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2021**
**£**
**68,565**
**68,565**
**3,251**
**64,942**
**68,193**
**372**
**792,663**
**793,035**
**5,646,693**
**793,035**
**6,439,728**|**Total**
**funds**
**2021**
**£**
**68,565**
**68,565**
**3,251**
**64,942**
**68,193**
**372**
**792,663**
**793,035**
**5,646,693**
**793,035**
**6,439,728**|_Total_
_funds_
_2020_
_£_
_89,644_
_89,644_
_3,215_
_132,773_
_135,988_
_(46,344)_
_(144,437)_
_(190,781)_
_5,837,474_
_(190,781)_
_5,646,693_|
|---|---|---|---|
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 9 to 17 form part of these financial statements.
Page 7
## **THE ORP FOUNDATION**
## **BALANCE SHEET AS AT 5 APRIL 2021**
|**Note**
**Fixed assets**
Investments
7
**Current assets**
Debtors
8
Cash at bank and in hand
Creditors: amounts falling due within one
year
9
**Net current liabilities / assets**
**Total assets less current liabilities**
**Total net assets**
**Charity funds**
Unrestricted funds
10
**Total funds**|**-**
**1,009**
**1,009**
**(54,385)**|**2021**
**£**
**6,493,104**
**6,493,104**
**(53,376)**
**6,439,728**
**6,439,728**
**6,439,728**
**6,439,728**|_6,250_
_109,928_
_116,178_
_(114,325)_|_2020_
_£_
_5,644,840_|
|---|---|---|---|---|
|||||_5,644,840_
_1,853_|
|||||_5,646,693_|
||||||
|||||_5,646,693_|
|||||_5,646,693_|
||||||
|||||_5,646,693_|
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
## Sue Oppenheimer
## **Mrs S Oppenheimer** Trustee
Date 27/01/2022
The notes on pages 9 to 17 form part of these financial statements.
Page 8
## **THE ORP FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021**
## **1. Accounting policies**
## **1.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The Orp Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## **1.2 Going concern**
The Charity has minimal fixed costs, with the main source of expenditure being grants made to institutions which can be made at the discretion of the Trustees. Furthermore, the Charity had a healthy net asset postion, mostly consisting of cash and liquid investments. The Trustees therefore consider that based on the circumstances existing at the date of signature of the accounts the operations of the charity are not likely to be affected in a material manner by the current Coronavirus outbreak.
## **1.3 Income**
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
## **1.4 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity.
Expenditure on raising funds includes all expenditure incurred by the charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
Page 9
**THE ORP FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021**
## **1. Accounting policies (continued)**
## **1.4 Expenditure (continued)**
All expenditure is inclusive of irrecoverable VAT.
## **1.5 Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
## **1.6 Investments**
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of Financial Activities.
Social investments held as fixed assets are shown at cost less provision for impairment.
## **1.7 Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **1.8 Cash at bank and in hand**
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **1.9 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
## **1.10 Financial instruments**
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
Page 10
## **THE ORP FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021**
## **1. Accounting policies (continued)**
## **1.11 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Investment income, gains and losses are allocated to the appropriate fund.
## **2. Investment income**
|**Unrestricted**
**funds**
**2021**
**£**
Investment income from investment portfolio
62,592
Rental income from social investments
5,956
Bank interest
17
68,565
_Total 2020_
_89,644_|**Total**
**funds**
**2021**
**£**
**62,592**
**5,956**
**17**
**68,565**
_89,644_|_Total_
_funds_
_2020_
_£_
_82,354_
_5,956_
_1,334_|
|---|---|---|
|||_89,644_|
||||
## **3. Investment management costs**
|**Unrestricted**
**funds**
**2021**
**£**
Investment management fees
3,251
_Total 2020_
_3,215_|**Total**
**funds**
**2021**
**£**
**3,251**
_3,215_|_Total_
_funds_
_2020_
_£_
_3,215_|
|---|---|---|
||||
Page 11
## **THE ORP FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021**
## **4. Analysis of grants**
|**Grants to**
**Institutions**
**2021**
**Total**
**funds**
**2021**
**£**
**£**
Grant making activities
60,500
**60,500**
_Total 2020_
_128,000_
_128,000_
The charity has made the following material grants to institutions during the year:
**2021**
**£**
**Name of institution**
Chem Trust
**10,000**
Columbia UK Fund
**-**
Safe Passage
**-**
Greenpeace Environmental Trust
**10,000**
Stop Climate Chaos
**-**
Action Tutoring
**10,000**
Garden Classroom
**-**
Hope for the Future
**10,000**
Star Bereavement
**-**
Blue Thread
**-**
Buglife
**-**
Refuaid
**10,000**
Ecology Trust
**10,000**
Other grants of less than £1,000
**500**
**60,500**|_Total_
_funds_
_2020_
_£_
_128,000_|
|---|---|
||_2020_
_£_
_10,000_
_10,000_
_10,000_
_-_
_10,000_
_10,000_
_10,000_
_10,000_
_20,000_
_8,000_
_10,000_
_10,000_
_10,000_
_-_|
||_128,000_|
Page 12
## **THE ORP FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021**
## **Analysis of Charitable Expenditure**
|Environment
Community
Refugees
Children and Education|**2021**
**£**
**30,500**
**-**
**10,000**
**20,000**
**60,500**|_2020_
_£_
_30,000_
_8,000_
_30,000_
_60,000_|
|---|---|---|
|||_128,000_|
## **5. Analysis of expenditure by activities**
|Grant making activity
_Total 2020_|**Grant**
**funding of**
**activities**
**2021**
**£**
60,500
_128,000_|**Support**
**costs**
**2021**
**£**
4,442
_4,773_|**Total**
**funds**
**2021**
**£**
**64,942**
_132,773_|_Total_
_funds_
_2020_
_£_
_132,773_|
|---|---|---|---|---|
||||||
Page 13
**THE ORP FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021**
## **5. Analysis of expenditure by activities (continued)**
## **Analysis of support costs**
|Independent Examination and accounting fees
Subscriptions
Bank fees|**Total**
**funds**
**2021**
**£**
**4,440**
**-**
**2**
**4,442**|_Total_
_funds_
_2020_
_£_
_4,380_
_342_
_51_
_4,773_|
|---|---|---|
## **6. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits _(2020 - £NIL)_ .
During the year, no Trustee expenses have been incurred _(2020 - £NIL)_ .
## **7. Fixed asset investments**
|**Cost or valuation**
At 6 April 2020
Additions
Disposals
Revaluations
At 5 April 2021
**Net book value**
At 5 April 2021
_At 5 April 2020_|**Listed**
**investments**
**£**
**2,941,098**
**626,264**
**(893,070)**
**792,663**
**3,466,955**
**3,466,955**
_2,941,098_|**Other fixed**
**asset**
**investments**
**£**
**2,603,742**
**1,009,860**
**(687,453)**
**-**
**2,926,149**
**2,926,149**
_2,603,742_|**Social**
**investments**
**£**
**100,000**
**-**
**-**
**-**
**100,000**
**100,000**
_100,000_|**Total**
**£**
**5,644,840**
**1,636,124**
**(1,580,523)**
**792,663**|
|---|---|---|---|---|
|||||**6,493,104**|
|||||**6,493,104**|
|||||_5,644,840_|
Page 14
## **THE ORP FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021**
## **Investments comprise of:**
|Listed investments and common investment funds
Social investments
Cash held as part of investment portfolio
**Total market value**|**2021**
**£**
**3,466,955**
**100,000**
**2,926,149**
**6,493,104**|_2020_
_£_
_2,941,098_
_100,000_
_2,603,742_|
|---|---|---|
|||_5,644,840_|
**8. Debtors**
|**Due within one year**
Tax recoverable|**2021**
**£**
**-**
**-**|_2020_
_£_
_6,250_|
|---|---|---|
||||
|||_6,250_|
**9. Creditors: Amounts falling due within one year**
|Bank overdrafts
Accruals and deferred income
Grants accrued|**2021**
**£**
**5**
**4,380**
**50,000**
**54,385**|_2020_
_£_
_5_
_4,320_
_110,000_|
|---|---|---|
||||
|||_114,325_|
Page 15
## **THE ORP FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021**
## **10. Statement of funds**
## **Statement of funds - current year**
||**Balance at 6**|||**Gains/**|**Balance at 5**|
|---|---|---|---|---|---|
||**April 2020**|**Income**|**Expenditure**|**(Losses)**|**April 2021**|
||**£**|**£**|**£**|**£**|**£**|
|**Unrestricted funds**||||||
|General Funds - all funds|**5,646,693**|**68,565**|**(68,193)**|**792,663**|**6,439,728**|
|**Statement of funds - prior**|**year**|||||
||_Balance at_|||_Gains/_|_Balance at_|
||_6 April 2019_|_Income_|_Expenditure_|_(Losses)_|_5 April 2020_|
||_£_|_£_|_£_|_£_|_£_|
|**Unrestricted funds**||||||
|General Funds - all funds|_5,837,474_|_89,644_|_(135,988)_|_(144,437)_|_5,646,693_|
Page 16
## **THE ORP FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021**
## **11. Analysis of net assets between funds**
## **Analysis of net assets between funds - current year**
|**Unrestricted**
**funds**
**2021**
**£**
Fixed asset investments
6,393,104
Trade investments
100,000
Current assets
1,009
Creditors due within one year
(54,385)
**Total**
6,439,728|**Total**
**funds**
**2021**
**£**
**6,393,104**
**100,000**
**1,009**
**(54,385)**
**6,439,728**|
|---|---|
## **Analysis of net assets between funds - prior year**
|Fixed asset investments
Trade investments
Current assets
Creditors due within one year
**Total**|_Unrestricted_
_funds_
_2020_
_£_
_5,544,840_
_100,000_
_116,178_
_(114,325)_
_5,646,693_|_Total_
_funds_
_2020_
_£_
_5,544,840_
_100,000_
_116,178_
_(114,325)_
_5,646,693_|
|---|---|---|
## **12. Related party transactions**
There were no related party transactions in the current or the prior year.
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