UND (A company Ilmited by guarantee)
Al Reference and Admlnistratlve Detalls Report of the Trustees 2to3 Trustee5' Respon51bllY(le5 In relafjon to the Flnanclal Ststements 4 Indetht Examlner's Rewt ststement of Flnanclal AthvlUe5 Balantt Sheet Statement of Cash Hows Notes to the Flnanclal Statements 9t013
ND Iv T Ward C 8anham LQ Banham MJ Hallatt P Rodda SL LS J Banham S Barry G Brarnwell M Herbert WF Banham 20 Thomsett Road London SW18 4EF 07325044 1141423 Russell Joseph ACA Bourner Bunock Chartered Accountsnts Soverelgn Hou 212-224 Shaftesbury Avenue London WC2H 8HQ
REN The trustees whD are dlrettors for the purposes of company lawl present the annual rept together wf(h the finanthal statements of the charitdble company for the year ended 31 December 2020. The accounts have been prepared in aCCdanCe wlth the aCcounng polldes set out In note I to the accounts and corn with the C.hèrity's deed, the Charities Art 2011 and 'Accountlng and Reporting by Charities.. Slaternent of Recommended Pracllce applKable to charkles prepang thdr accounts In accordance with the Finandal Reportlng Standar(J appllcable Sn tlie UK and Republt of Ireland (FRS 102) (effective I Janvary 20151" Mr T Ward Ms C Banharn Mfs L Q Banham Ms M J Hallatt Mrs P Rodda Mrs S L Lewls Ms J Banham Mr s aarry Ms G Bramwell Ms M Herbert Mr WF 8anham Structure qov•rnanc¢ affid management Nafvre ofgmnhg LJcunK¥Jt The charItab cornpany Is constituted under Its Mernorandum ol Assoclatton dated 23 Juty 2010. The rxjwer to app)lrt new trvstees rests wrth the exlsbng trustees ol the charty. Inducon Jndtrèin79 oftru5tees On appointsnen¢ the de$ mak'ng process of the charlty is explalned to new trustees by one of the exi5tlng Trustees a150 provide an overview of the administrative procedure5 employed by the FoundatIc, ObJectlvts ind •ctl¥ftl•s The charty FrOdeS fundlng to other Brltish regtstered Chartt5. The trustees conflrm that they have cornplied Mth the requirements of Section 4 of the Charit(es Art 2011 to have due rard to the publlc beneffc gUIdan wblished by the Charty Commi55ion for England and Was.
EMBER 2020 Grant.makingpolK Currently the Trustees, poli is to accumule all written appeals received and to consider them on thelr indlvkiual merits at each Truslee meet5ng. ApFlicants are nobfied of the Tru5tees' deciOn. The use of volunteers The charity has no pabd staff, however admlnlstration 15 prwded on a voluntary and prtrbjno bas15 bv Banham Group. Achievements and performance The charlty'5 objects are faing and collertlng money and donations to chaiitle5 reg15tered with the Comrnission or any successor regulators. In Ilne wlth these objects, during the year the charfty gave grants to other Biity'sh charitie5. Excess of incon over expendY(ure In 2020 was £677,543 (2019.. excess of expendltuie over Income was £11,720), The fund balance at 31 Decernber 2020 was £2,767,697 (2019:£2,090,154). Plans for future perlods Ains andkey objethveshr fvture The charlty will contlnue to prode fundlng to other Brldsh re9lstered charlues In fijture perlcls, The Tru5tee5 shall hold the Fund5 upon trust to appty donadons to such charttsble bodies or Instlutlons at such times and In such manner as the Trustees may In thelr ab&)iute discretion, thlnk fl¢ within the remit of the chaiity's objects. Rlsks The Trustees have not bjenvfied any major SkS other than 5tsck market fluctuations and they w+ll conb'nve to mOnOr the adequacy of their wstem. ReseThesgolicy The Charrty15 a grant-makin9 company and it5 incorngenerating assets a therefore held as cash depots. The Trustee5 apply the Income derNed to gNing grints In accordance with the objects of the company. In any gNen year, a surphjs or deficit on net resources wlll arise,. its si, whether surplus or detk, wlll fluctuate and be largely dependent on the ImSng (A donations red and grant payments rn&Je. Subsequentevents On 30 January 2020 the Worfd Health Organlsation declared the outbreak of the Coronavirus ICovid-19) pandemic to be a publlc health Emergency of international concern. Thls Is a non-adjun9 event, os k 11oes not impart the valvation of assets as at the year end date.
MFOU ED ATE ENT F TRusfEE'S RE&1 The tru5tee5 (who are also the dlrectors for the purpose of company lawl are resnsie ts preparing the Annual RepKJrt and the flnandal statements in accordance wf(h applicable law and regulations. Company law requires the charty trustees to prepare flnanclal statement for each flnanaal year. Under the law the trustees must prepare the financial statements in accordance wrth uned kn'ngdorn Generalty Accepted Accounting practi {Unfted Kingdom Accounting Stsndards and applicable lawl. Under crimpany law the trustees must not approve the finèndal statements unless they are satisfied that they give a true and fair vjew of the stste of affairs of the charItae company and of the incoming resources and applICaon of resour$, Including the incorne and expenditure, of the charitsble company for that period. In preparing these financlal statements, the trustees are required to.. selert sultable accounting tK)lioes and then apply them ConsiStenvI obseNe the methods and prlnciples in the Charities SORP., make Judgements and accounting estimate5 that ère reasonable and pn>aent; state whether aFpllcable UK Accounting Standards have been foll¢)wed, subject to any m)terfal departures dbxlosed and explained In the financial statements,. and prepare the financial statements on the going concern basis unless It Is Inapproprlate to presume Ihat the charitable company wlll contsnue to 0rate. b) dl The tnJ5tees are responslble lor keeplng proper accounting records that a suffldent to thow and explaln the charitsble cOmny,S transactions and dlsclose wlth reasonable acojracy at any tlrne the flnanclal position ol the charitsble company and enab thern to ensure that the financial statements comply wlth the Companles Act 2006. They are also responsible for safeguar(Ilng the assets of the charity and the group and hence takn'ng the reasonaL4e steps fcf the preventlon and detectSon of fraud and other Irregulartdes. Approved by the trustee5 of the charity ¢fi ... and Igned cffi Its behalf by.. Mr T Ward Trustee
GES 11 I repjrt io the tru5tee5 (who are atso DlrettLY5 for the wrp05e d £aTry lawl on mye¥4mknallon of the atements tsf the &anham Foundation Umll£d I'the charNo for the year ended 31 DÈtrmber 2020 whlch the Statement of FinJndal Attlviues, the kince 5heeL the sts1cent of Cash Fbws and rdaled notes. Thls rewrt made srldy 10 the chariV5 trusle4 as a boty, In xcordance secucii 145 of tho Charlues Art 2DII. My work has been undertakw so that I rnh1 rtate ro the chadty'5 bwstg95 those matters l am rEqulred to ie to them In thL5 report and lor no other purpose. To the fuNest extent perrnitted by I do nol èctept S5ume respongblly lo anyone other than the tharity and the charltys tru&ees 15 J body. for nyy work, for IN5 ryr¢ or for the oplnlon5 1 haveformod. R••pOlIbl1l and bailiof report s the trustees Of tho chor1tèb company you ère espUnE for the prepwauoTh af the finandal statents In atCLYdance W[Th the requirements the Comp4nles AL1 2006 Ilhe 26 Ad'l. Mavlno so115f myAr thai Ihe nnandèl statem•it5 the £hèrnaLqe carnpany ore not rwulred lo be audlled under Part 16 of the Alt Jnd are for Indepthident examlnatlon, I rewrt In respett cf my examlnaiion ofthe hadtatrAe company% flnandal siatemwts iarrted under Seal 145 of the ChJritle5 Act 2011 I'lhe 2011 ALt'I and In carryino uul my ex4mlnabon I hsve follmd aPFltable DIrt{r6 by the CnirfLy cDmrnSl0n uTrYer socUon 145(Sllbl of the 2011 ACL An Independwl exèmlnailL doe5 nct In¥r4ve gatherlng al the v41¢ence that woukl to reqylred kn on audlt and ¢Onstqvenl does not cover all the matters that an èuéiiof eOWder5 In gIn thelr opinion on Ihe finanJal starements. The aTrnIng and cunducL ol Jn audlt goes boyond the 11med issurance that an Independent eXamDa1 can prowoe. Consequenuy l exwe55 as to whether the flnind& staitsnents wesent b tnje Ind fairf eW and mv reoort Is limited ID those sue£lNc mittersset In the Indeoendent examins thternenL Slnce the chorttable coMnY,5 gross IncL¥ne exce•J&J £250,OCpJ yr ex4mlner be 8 mimber boty Nste In séctlon 145 d the 2011 Art. I connm th)1 l orn quilifled to ertake the tx)mlW1 oecause l èm 8 fflember cl ICAEW, whlth of ihe tlsted bodl I have cw¥lded my examlnjiion. I (nmI t1 no rn•tertal mauers howe ecme tp rny att•iikn In connedkni wtth the exorn1nalTr gmnq me uu5e to wieve that ITr any moterlal re5pert'. Iccountlng reccrts were not kept ITh re5pea or the chorbtse rowyany 05 required by 5eEUw 386 of 2006 Act. or the nanlI staiem•its éo not aCCLd those rewds,. or the flnandal statements Oo nct cixnpty th the xcountlng re1rrt5 rf sethon 396 LY ihe 26 Art other than any reqU1ment that the flnand415tstemwts glve a and fak, vlew whlth Is not è milter COD5Sdered as pwl of an Indepthident Exaffllnatlc. the Ilnindal stJlemeni% have nol been pryred In ctranCE wth Ihe rnethcés and PrfndpI of the statemenl rf RecLynmded Prathce accounllno and reptring by charlts preparlng tholr 8ccaunts In accordance ¢he Flnènual Rtwtlng Stsn¢ar4 appUcaL4e In the UK and Repuilk d Irthnd IFRS IQ21. I have N concexn5 •nd have come airDS5 nu other motter5 In (onnedon wlth the examlnalltsi lo whth attEnutsn oukd be drawn In th15 report In trder to en•Lqe o proper wderstandlno the flnandal terneDts 10 be wchLYl. Au 11 Joseph ACA eourner Burnork Chortered AcCtIn Sovdgn Hwse 221-224 5haftÈsbvry Anue WC2H 8HQ Date.. 23.08.2021
ND N LIMITED ENT FFIN In Total Funds Total Funds Unrestrlcted DDnations and Legaaes Investment Income 879,599 2,713 879,599 2,713 373,342 6,782 882,312 882,312 380,124 charitab Actlvltles.. 204,769 204,769 391,844 204,769 204,769 391,844 Net movement in fund5 677,3 677,543 {ii,no) Total Funds Brought Fornvard 2,090,154 2,090,154 2,101,874 Total Funds Cafried Forward 2,767,697 2,767,697 2,090,154 All of the charthble company's art+vlttes deve from convnulng oFerafjon5 durlng the above perlods.
PAGE 7 BANHAM FCUNDATION UMrrED BALANCE SHE FOR TH ED (Registration number,. 07325044) ro Cash at Bank and In Hand 2,771,057 2,091,154 2,771,057 2,093,154 Amounts falling due Wlthin One Year io (3,360) 13,0001 Net Cu 2,767,697 2,090,154 2,767,697 2,090,154 Unrestrlrted Funds 2,767,697 2,090,154 2,767.697 2,090,154 For the flnandal year endlng 31 Decemtrtr 2020 the charlty was entlued to exemptlon under secyon 477 of the Companies Att 2006 relating to small companles. No Trustees have requlred the Company to obtaln an audit of Its accounts for the year In question In accordance wlth sectbon 476. The Trustee5 acknedge thelr responslbllity for,. (i) Ensjdng the Company keeps accountlng records which compty wth secilon 386,. and (111 pparing accounts which give a true and fair view of the State of affairs of the Company as at the end of Its financial year, and of Its EYofit and loss for the financial year In accordan wlth secUon 393, and which otherwlse comply with the requirements of the Companles Act relatlng to accounts, so far as applicable to the Cornpany. These accounts have been prepared In accordance with the prOe1)s appticaL4e to companSes SubJt to small companles, regime within Pt 15 of the Companies Act 2006. nanci I st*ements on pages 6 to 13 were awroved by the tru5tee5, and authorised for issue on signed on their behalf by.. MrTWard TrLStee
TtON LIMITED FLOWS (RegSstratyon number,. 07325044) Total Funds Total Fund5 Cath flows from operatlng •ctlvltle8 Net movement in funds Deduct Interest incrme shown In Investlng aCtitieS Decrease In credltors 677,543 (2,713) 360 (11,720) {6,782) (1,320) Net cash used In operatSng acfjvlties 675,190 119,B22) Cash flows from Inve•tlng actMtI•s Interest and dividends 2,713 6,782 Net cash prOed by Investing athv 2,713 6,782 Caih flows from flnjndng •ctlvltle• Net cash provided by flnandng actlvltles Change In calh and c4•h equlvalents In th• y••r 677,903 - 13,040 Cash and cash equivalent trnught forward 2,093,154 2,106,194 C••h and ush equlvalents carried fonvard 2,771,057 2,093,154
Summ•ry of Jlgnlllcant atcountlng pollcles and key att¢NnYng estlmatss The prindpal accountlng polkies adopted, judgements and key sources of e5Urnatlon unrtaInty Sn the preparatlon of the flnanclal statements are set out below. These pollcles have been constent appmed to all years wesented unless othern15e staled. BJ•ls of Prep•rntSon The flnanclol ateMentS have been prepared ln accordance wlth A¢¢ounllng and Reportfng by ChJrftles,' Ststement ol Recommended Practice appllcable to charftles preporfng thelr accounts In accordance the Flnanclal Repjrtlng Standard applICab In the UK and Republic of Ireland (FRS 1021 (effecbve 1st January 20151 Icharltles 50RP FRS 1021, the Flnandal Retng Standard apF41table In the UK and Republlc of Ireland (FRS 1021 and the Companles Act 2006. Banham FndatIon Llmlted meet5 the definilion of a Publ benefit entlty under FRS 102. Assets and IlablllUes are Inlllalty recognlsed at hlstorical cost or transactlon value otherwtse gtlted in the relevant accountlng pollcy notes. GOI9 concerTr At the tlme of wpadng the flnanclal staternents the Tru5tee5 have a reasonab exportatlon that the charlty h¥s adequale resources to contlnue In operallonal exlstence lor the loreseeabk future. Thus the Trustees tontlnue to adopl the golng concern ba5 01 accoUTrng In preparfng the flnantlal staternents. Income Voluntary Income Includlng donatlonsi glfts, legacles and grants that provbje CO fundlng or are of a general nattjre 15 recognlsed when the charlty ha5 entltlement to the Income, 11 Is probable that the Income wlll be recelved and the amtsunr can be measured wllh sufflclent rellat41rty. Exp•ndlture All expendlture Is recognlsed once there 15 a legal or cOnstructe obllgatlon to tt expendr(ure, It Probab settlement & requlred and the amount can be meagJred rellabty. AJI costs are allocated to the appllcable expenditu headlng that aggregate slmllar costs to that caregory. Where costs cannot be dlrectty attrlbuted to paCUlar headlngs they have been alkjcated on a bals consSslent wlth the use of re50urce& Char5tsbl• icll¥ltlo Charitable expendlture comprises those costs Incurred by the tharlty In the defvlery of ts actfvlues and serceS for Its benef*kryrle& It Includes both costs that can be alk)cated direcuy to such actfvitle5 and those c05t5 of an Indlrect nature nece5SBry to suppDrt them. Grant Provlslons Provlyons for grants are ffie when the Snteniknn to make a grort ha5 been communtated tD the reciplent but there s uncert6lnty about elther the tlmlng or rhe grant or the arnounl of grant payab.
PAGE 10 ANHA Ml TES Governance costs These Include the costs attrlbutable to the chariV5 compllance with constitutlonal and statutory uirements, Including Independent examlnatlon, Strategic management and trustees, meellngs and reimbursed expenses. Taxatlon The charrty is consldered to Pas5 the tests Set out in Paragraph I Schedule 6 of the Flnance Act 2010 and therefore il meets the deflnltlon of a charitse cofflpany for UK corporatlon tax purposes. Accordlngly, the charity Is potentially exempt from taxatlon In respect of irncorne or capital gains teceived withln catsgorie5 covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Sectlon 256 of the TaKatlon of Chargeable Galns ALt 1992, to the extent that such income or galns are applled eKclusivety to chartsble purp05e5. Flnanclal Instruments The trust onty has financRI assets and flnandal 1Sabilitles of a klnd that quallfy as basic financlal Instruments. Basic financlal instruments are Inltlally recognlsed at transaction value and sub5equendy measured at thdr seitlement value with the exception of loans whlch are subsequently measured at amorbsed cost uslng the effective Interest methcll. •nd •h equlvalents Cash ancl cash equlvalents camprlse cash effj hand and Call deposits, and other short-tem hlghty Ilquld Investments that are readlly ccvertIb to a known amount of cash and are subject to an inslgnlflcant rbk of change In value. Tr•de credltors CredOrS and 0VIsIOnS are recognlsed where the charty has 3 present cbbllgatlon resulting from a past event that will probabty re5utt In the transfer of funds to a third party and the amount due to settle the obligation can be measured or esb'rnated rdlably. credOr5 and prowsions a normally recognised at their settlement amount after allowing for any trade d15counts due. Fund accountlng Unrestricted income fund5 are general funds that are avallable for use at the trustees, dlscretlon In fijrtheran of the cijjectives of the charlty. All fund5 for this and the prevhws period are unrestricted.
ITED CIAL WATEM . inue ED I DECEMBER Judgoments and key ¥ources ol estlmatlon uncertalnty The preparabon of the financ*1 statements requires managemenl to make judgements, estimates and assumptions that affect the amounts ported for assets and Ilabllltyes as at the balance sheet dats and the amounts ieported for income and expenses durlng the year. However, the nature of esUmaUon mean5 that actual outcomes coukl dlffer from those estimates. In the Trustees, there are no significant Judgements or key sources of ests'mation uncertalnty. Regular glvlng and dcfiatlons 879,599 373,342 879,599 373,342 Znterest recei4e on tsnk depostt5 2,713 6.782 2,713 6,782 Grant Total Total pdIng grants (see Note 6) Governance costs (see Note 7) Support Costs - bank charges 201,036 3,720 13 201,036 3,720 13 390,155 1,680 204,769 204,769 391,844
PAGE 12 Grants to Analys1• of grants Hea Savlng Llves Community Devel)pment The Arts Retlef of Poverty 21,800 40,000 88,000 24,236 27,000 201,036 Grants to M•terl•l Gr•nts: Name of InBtitutlon MacmSllan Cancer Support ChrISma Nobk chIrenS FoundatbTh Dandellon Tlme Queen Ellzabeth's Fourbdatlon for [1SaEd People London Alr Ambulance Refuge The Searn Foundatk)n CriS Watts Gallery- Curatorfol The Safvatk•n Amiy Clher InstituYon5 6,300 34,000 20,000 9,000 25,000 10,000 iO,OOD 11,000 24,236 7,000 44,500 201,036 Nel outgolng resoutS for the year Include.. 2020 2019 IndeFendent Examlnerfs remunerntkjn 3,7ZO 1,680 3,720 1,6BO
PAGE 13 NHAM F NDA OTES T (Contlnuedl There were no employee5 during the year, or the prewous year. No trt*stees, nor any persons connected wtth them, have rece5ved any remuneration from the charty durlng the year12019.. £NII). No trustees have recelved relmtKJrsed expenses or any ¢)ther beneffts from the charlty dvring the year (2019.. £Nil). 2Q io. £tod11 . Amounts falllng due Withln One Ye Accruals 3,360 3,000 3,360 3,000 ii. The charlty 15 a private company limited by guarantee and consequendy does not have share capitsl. Each of the trustees Ss liable to contribute an amount not eXedIng £lQ towards the assets of the charity in the event of liquldation. 12. Durfng the year unrestricted donailons recelved from the Tru#ees and companles under common control totsled £879,599 (2019.. £373,342). 13. On 30 January 2020 the WDrfd Health Organi5ation dedared the outtKeak of the Corwovlrus Icowd-19) pandemic to be a pubjic he3h emergency of international concem. Th15 is a non-adjusting evenL as d¢xs nrt impaLt the valuation of assets as at the year end dale.