2020-12-31-accounts - Quintessentially Foundation

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		Page
Reference and Administrative Details
Report ofthe Trustees	2	to	7
Report ofthe Independent Auditors	8	to	11
Statement of Financial Activities		12
Statement of Financial Position		13
Statement ofCash Flows and Notes tothe Statement of Cash	14	to	15
Flows
Notes to the Financial Statements	16	to	23

					2020	2019
			Unrestricted	Restricted	Total	Total
			fund	funds	funds	funds
		Notes	E	E	E	E
Current assets
Debtors		13	13,825	175,453	189,278	71,191
Cash at bank			155	173,020	173,175	283,574
			13,980	348,473	362,453	354,765
Creditors
Amounts falling due within one year		14	(13,724)	(348,473)	(362,197)	(298,510)
Net current	assets		256		256	56 255
Total assets	less current liabilities		256		256	56,255
NET ASSETS/(LIABILITIES)			256		256	56,255
Funds		15
Unrestricted	funds				256	56,255
Totalfunds					256	56,255

		f	or	the Year Ended 31	December 2020
					2020	2019
				Notes	E	E
Cash flows from	operating	activities
Cash generated	from operations				(110,399)	205,720
Net cash (used in)/provided		by operating		activities	(110,399)	205,720
Change in cash and cash equivalents			in the
reporting period					(110,399)	205,720
Cash and cash equivalents		at the beginning
ofthe reporting	period				283,574	77,854
Cash and cash equivalents		at the end	ofthe
reporting period					173,175	283,574

	Notes tothe for the Year	Notes tothe for the Year	Statement ofCash Flows Ended 31December 2020
	Reconciliation ofnet (expenditure)/income		to net cash flow from operating	activities
				2020	2019
				E	E
	Net (expenditure)/income	for the reporting	period (as per the Statement
	of Financial Activities)			(55,999)	12,054
	Adjustments for:
	(Increase)/decrease in debtors			(118,087)	131,876
	Increase in creditors			63,687	61,790
	Net cash (used in)/provided	by operations		(110,399)	205,720
2.	Analysis ofchanges in net	funds

trustees co	nfirm the financial statements have been pr	epared on a going concern basis.
Donations	and legacies
		2020	2019
		E	E
Donations		12,306	40,714
Gift aid		27,213
		39,519	40,714


4.	Other trading		activities
							2020	2019
							E	E
	Fundraising	events					651,472	1,067,890
5.	Other trading		activities
							2020	2019
							E	E
	Purchases						27,013	277,955
	Staff costs						61,360	49,481
	Support costs						4,270	6,221
							92,643	333,657
6.	Charitable activities costs
					Grant
					funding	of
					activities		Support
					(see note		costs (see
					7)		note 8)	Totals
					E		E	E
	Fundraising	activities			626,920		27,427	654,347
7.	Grants payable
							2020	2019
							E	E
	Fundraising	activities					626,920	737,758
	The total grants		paid to institutions	during the year was as follows:
							2020	2019
							E	E
	The Felix Project						423,539	444,757
	The Churchill	Foundation						124,896
	Dimbleby Cancer Care							118,398
	Royal Parks	Foundation						20,707
	Sentebale							28,500
	British Asian	Trust					79,998
	The Childhood		Trust				123,383
							626,920	737,258

Support	co	sts
					Governance
			Finance	Other	costs	Totals
			E	E	E	E
Other trading activities			2,229	2,041		4,270
Fundraising		activities			27,427	27,427
			2,229	2,041	27,427	31,697
Net Income/(expenditure)
Net income/(expenditure)			is stated after charging/(crediting):
					2020	2019
					E	E
Auditors'	remuneration				5,394	5,394

Staff costs
					2020	2019
					E	E
Wages and salaries					55,000	42,211
Social security costs					4,711	5,841
Other pension costs					1,649	1,429
					61,360	49,481
Staff costs represent	remuneration		for key	management.
The average monthly	number	ofemployees		during the year was as follows:

		2020	2019
Events	staff	1	1

12.	Comparatives	for the sta	tement offinancial activities
				Unrestricted	Restricted	Total
				fund	funds	funds
				E	E	E
	Income and endowments		from
	Donations and legacies			40,713		40,714
	Other trading	activities		54,117	1,013,773	1,067,890
	Total			94,830	1,013,774	1,108,604
	Expenditure	on
	Raising funds
	Other trading	activities		56,158	277,499	333,657
				56,158	277,499	333,657
	Charitable activities
	Fundraising activities			26,618	736,275	762,893
	Total			82,776	1,013,774	1,096,550
	NET INCOME			12,054		12,054
	Reconciliation	offunds
	Total funds brought forward			44,201		44,201
	Total funds carried forward			56,255		56,255
13.	Debtors: amounts falling		due within one year
					2020	2019
					E	E
	Events debtor					33,527
	Other debtors				1,666	3,890
	Prepayments	and accrued	income		187,612	33,774
					189,278	71,191

Creditors: amounts falling due	within one year
		2020	2019
		E	E
Trade creditors		1,290	36,920
Other creditors		6,171	1,349
Grants payable		336,873	250,055
Accrued expenses and deferred	income	17,863	10,186
		362,197	298,510