| Page | |||
|---|---|---|---|
| Reference and Administrative Details |
|||
| Report ofthe Trustees | 2 | to | 3 |
| Report ofthe Independent Auditors |
4 | to | 5 |
| Statement of Financial Activities | |||
| Balance Sheet | |||
| Cash Flow Statement | |||
| Notes to the Gash Flow Statement | |||
| Notes to the Financial Statements | 10 | to | 16 |
| Detailed Statement ofFinancial Activities | 17 |
| Trustees | H Singh | |||||
|---|---|---|---|---|---|---|
| J Basham | ||||||
| J KAsh | ||||||
| Principal address | The Haydn | Green | Foundation | |||
| 16High Street | ||||||
| Kegworth | ||||||
| Derby | ||||||
| Derbys hire | ||||||
| DE74 2DA | ||||||
| Registered | charity number | 1148099 | ||||
| Independent | auditors | Haines Watts | ||||
| Chartered | Accountants | 8 Statutory | Auditor | |||
| 10Stadium | Business Court | |||||
| Millennium | Way | |||||
| Pride Park | ||||||
| Derby | ||||||
| DE24 8HP | ||||||
| Solicitors | Freeth Cartwright | LLP | ||||
| 80 Mount Street | ||||||
| Nottingham | ||||||
| NG1 6HH | ||||||
| Bankers | Lloyds Bank Pic | |||||
| Old market | Square | |||||
| Nottingham | ||||||
| NG17DQ |
| FOR | THE YE | AR ENDED 31JU | LY 2021 | |||||
|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||||
| Unrestricted | Restricted | Total | Total | |||||
| fund | funds | funds | funds | |||||
| Notes | E | E | ||||||
| Income and endowments | from | |||||||
| Donations and legacies |
2 | 1,455,594 | 5,000,000 | 6,455,594 | 1,758,000 | |||
| Other trading activities Investment income |
3 4 |
5,514 183,521 |
5,514 183,521 |
~11,338) | ||||
| Total | 1,644,629 | 5,000,000 | 6,644,629 | 1,746,662 | ||||
| Expenditure on |
||||||||
| Raising funds | 1,576 | |||||||
| Charitable activities |
||||||||
| Donations | 9,047,220 | 11,000,000 | 20,047,220 | 60,878 | ||||
| Bank charges | 60 | 60 | ||||||
| Legal fees in relation to probate dispute | and | |||||||
| mediation | 48,238 | 48,238 | 26,500 | |||||
| Total | 9,095,518 | 11,000,000 | 20,095,518 | 88,954 | ||||
| Net gains/(losses) on |
investments | ~25,528) | ~25,528) | |||||
| NET INCOME/(EXPENDITURE) | (7,476,417) | (6,000,000) | (13,476,417) | 1,657,708 | ||||
| Reconciliation offunds |
||||||||
| Total funds brought | forward | 9,513,401 | 9,513,401 | 7,855,693 | ||||
| Total funds carried forward | 2,036,984 | ~6,0D0,000) | ~3,963,D1 6) | 9,513,4D1 |
| 31 | JULY 2021 | ||||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Unrestricted | Restricted | Total | Total | ||
| f'und | funds | funds | funds | ||
| Notes | 8 | 8 | 8 | R | |
| Fixed assets | |||||
| Investments | 11 | 1,018,271 | 1,018,271 | 1,001,946 | |
| Current assets | |||||
| Debtors | 12 | 13,480 | 5&000&000 | 5,013,460 | 13,460 |
| Cash at bank | 10,000019 | 1D,OOO 819 | 8499501 | ||
| 10,020,279 | 5,000,000 | 15,020,279 | 8,513,021 | ||
| Creditors | |||||
| Amounts falling due within one year |
13 | (1,566) | (1,566) | (1,566) | |
| Net current assets | 10010713 | 5550090 | 15010713 | 8 5\1 455 | |
| Total assets less current liabilities | 11,036,984 | 5,000,000 | 18„038,984 | 9,513,401 | |
| Provisions for liabilities |
14 | (9,000,000) | (11,000,000) | (20,000,000) | |
| NETASSETS | 2030984 | ~0,000050) | ~3003010) | 9513401 | |
| Funds | 15 | ||||
| Unrestricted funds Restricted funds |
2,038,984 ~0500 OOD) |
9,513,401 | |||
| Totalfunds | ~3903010) | 9513401 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Notes | F | |||||
| Cash flows from operating | activities | |||||
| Cash generated from operations |
1,365,590 | 1,734,306 | ||||
| Net cash provided by operating |
activities | 1,365,590 | 1,734,306 | |||
| Cash flows from investing | activities | |||||
| Sale offixed asset investments | 130,563 | |||||
| Dividends received |
11,105 | |||||
| Net cash provided by investing |
activities | 141,668 | ||||
| Change in cash and cash |
equivalents | in | ||||
| the reporting period |
1,507,258 | 1,734,306 | ||||
| Cash and cash equivalents | at | the | ||||
| beginning ofthe reporting |
period | 8,499,561 | 6,765,255 | |||
| Cash and cash equivalents | at | the end | of | |||
| the reporting period |
10,006,819 | 8,499,561 |
| RECONCILIATION OF NET ACTIVITIES |
(EXPENDITURE | )/INCOME TO NET CASH |
FLOW FROM OPERATIN | G |
|---|---|---|---|---|
| 2021 | 2020 | |||
| Net (expenditure)/income | for the reporting | period (as per the | ||
| Statement ofFinancial Activities) | (13,476,417) | 1,657,708 | ||
| Adjustments for: |
||||
| (Gain)/losses on investments |
(172,416) | 75,032 | ||
| Dividends received |
(11,105) | |||
| Realised gains on investments | 25,528 | |||
| Increase in debtors |
(5,000,000) | |||
| Increase in creditors |
20,000,000 | 1,566 | ||
| Net cash provided by operations |
1,365,590 | 1,734,306 |
| At 1.8.20 | Cash flow | At 31.7.21 |
|---|---|---|
| 8,499,561 | 1,507,258 | 10,006,819 |
| 8,499,561 | 1,507,258 | 10,006,819 |
| 8,499,561 | 1,507,258 | 10,006,819 |
| 2021 | 2020 |
|---|---|
| F | E |
| 6,455,594 | 1,758,000 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| E | ||||
| Bank interest | 5,514 | |||
| INVESTMENT INCOME | ||||
| 2021f | 2020 | |||
| Gains/loss | on revaluation | 172,416 | (11,338) | |
| Income from fixed asset investments | 11,105 | |||
| 183,521 | ~11,338) | |||
| RAISING | FUNDS | |||
| Raising donations and legacies |
||||
| 2021f | 2020 | |||
| Support costs | 48,298 | 28,076 | ||
| CHARITABLE ACTIVITIES COSTS | ||||
| Grant | ||||
| funding of | ||||
| activities | Support | |||
| (see note | costs (see | |||
| 7) | note 8) | Totals | ||
| Donations | 20,047,220 | 20,047,220 | ||
| Bank charges | 60 | 60 | ||
| Legal fees | in relation to probate dispute | |||
| and mediation | 48,238 | 48,238 | ||
| 20,047,220 | 48,298 | 20,095,518 | ||
| GRANTS | PAYABLE | |||
| 2021 | 2020 | |||
| E | F | |||
| Donations | 20,047,220 | 60,878 |
| SUPPORT COSTS | |
|---|---|
| Managementf | |
| Bank charges | 60 |
| Legal fees in relation to probate dispute and | |
| mediation | 48,238 |
| 48,298 |
| Unrestricted | Restricted | Total | |||
|---|---|---|---|---|---|
| fundf | fundsf | funds | |||
| Income and endowments | from | ||||
| Donations and legacies |
1,758,000 | 1,758,000 | |||
| Investment income |
~11,338) | ~11,338) | |||
| Total | 1,746,662 | 1,746,662 | |||
| Expenditure on |
|||||
| Raising funds | 28,076 | 28,076 | |||
| Charitable activities |
|||||
| Donations | 60,878 | 60,878 | |||
| Total | 88,954 | 88,954 | |||
| NET INCOME | 1,657,708 | 1,657,708 | |||
| Reconciliation offunds |
|||||
| Total funds brought | forward | 7,855,693 | 7,855,693 | ||
| Total funds carried | forward | 9,513,401 | 9,513,401 |
| Listed | Unlisted | |||
|---|---|---|---|---|
| investments | investmentsf | Totalsf | ||
| Market value | ||||
| At 1 August 2020 | 1,000,248 | 1,698 | 1,001,946 | |
| Disposals | (156,091) | (156,091) | ||
| Revaluations | 172,416 | 172,416 | ||
| At 31 July 2021 | 1,016,573 | 1,698 | 1,018,271 | |
| Net book value | ||||
| At 31 July 2021 | 1,016,573 | 1,698 | 1,018,271 | |
| At 31 July 2020 | 1,000,248 | 1,698 | 1,001,946 | |
| There were no investment | assets outside the UK. |
| Listed | Unlisted | ||||||
|---|---|---|---|---|---|---|---|
| investmentsf | investments f. |
Totals F |
|||||
| Cost | 973,200 | 1,698 | 974,898 | ||||
| 12. | DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||||
| 2021 | 2020 | ||||||
| F | F | ||||||
| Other debtors | 13,460 | 13,460 | |||||
| Contingent | asset | 5,000,000 | |||||
| 5,013,460 | 13,460 | ||||||
| 13. | CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||||
| 2021 | 2020f | ||||||
| Other creditors | 1,566 | 1,566 | |||||
| 14. | PROVISIONS FOR LIABILITIES | ||||||
| 2021f | 2020f | ||||||
| Provisions | 20,000,000 |
| MOVEMENT | IN FUNDS | |||
|---|---|---|---|---|
| Net | ||||
| movement | ||||
| At 1.8.20 | in funds | At 31.7.21 | ||
| Unrestricted | funds | |||
| General fund | 9,513,401 | (7,476,417) | 2,036,984 | |
| Restricted funds | ||||
| General | (6,000,000) | (6,000,000) | ||
| TOTAL FUNDS | 9,513,401 | ~13,476,417) | ~3,963,016) |
| Net mov | ement | in funds, included i |
n the above are as follows: | |||
|---|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | |||
| resources | expended | losses | in funds | |||
| E | E | |||||
| Unrestricted | funds | |||||
| General | fund | 1,644,629 | (9,095,518) | (25,528) | (7,476,417) | |
| Restricted funds | ||||||
| General | 5,000,000 | (11,000,000) | (6,000,000) | |||
| TOTAL | FUNDS | 6,644,629 | ~20,095,518) | ~25,528) | ~13,476,417) |
| Compar | atives | for moveme | nt in fun |
ds | |||
|---|---|---|---|---|---|---|---|
| Net | |||||||
| movement | |||||||
| At 1.8.19 | in funds | At31.7.20 | |||||
| Unrestricted | funds | ||||||
| General | fund | 7,855,693 | 1,657,708 | 9,513,401 | |||
| TOTAL | FUNDS | 7,855,693 | 1,657,708 | 9,513,401 | |||
| Comparative | net movement | in funds, | included | in the above are as follows: | |||
| Incoming | Resources | Movement | |||||
| resources | expendedf | in fundsf | |||||
| Unrestricted | funds | ||||||
| General | fund | 1,746,662 | (88,954) | 1,657,708 | |||
| TOTAL | FUNDS | 1,746,662 | ~88,954) | 1,657,708 |
| A current yea | r 12 months and prior year 12 |
months combined position is as foll |
ows: | |
|---|---|---|---|---|
| Net | ||||
| movement | ||||
| At 1.8.19 | in funds | At 31.7.21 | ||
| E | ||||
| Unrestricted | funds | |||
| General fund | 7,855,693 | (5,818,709) | 2,036,984 | |
| Restricted funds | ||||
| General | (6,000,000) | (6,000,000) | ||
| TOTAL FUNDS | 7,855,693 | ~11,818,709) | ~3,963,016) |
| TOTAL FUNDS | TOTAL FUNDS | TOTAL FUNDS | 7,855,693 | ~11, | 818,709) | ~3,963,016) | ||
|---|---|---|---|---|---|---|---|---|
| A current year 12 months | and prior year 12 months | combined | net movement | in funds, | included | in the above are | ||
| as follows: | ||||||||
| Incoming | Resources | Gains and | Movement | |||||
| resources | expended | losses | in funds | |||||
| E | ||||||||
| Unrestricted funds |
||||||||
| General fund |
3,391,291 | (9,184,472) | (25,528) | (5,818,709) | ||||
| Restricted funds | ||||||||
| General | 5,000,000 | (11,000,000) | (6,000,000) | |||||
| TOTAL FUNDS | 8,391,291 | ~20,184,472) | ~25,528) | ~11,818,709) | ||||
| DESIGNATED FUNDS | ||||||||
| 2021 | 2020 | |||||||
| Haydn Green doctorial | programme | 51,000 | 68,000 | |||||
| Sam White legacy charity | 25,000 | |||||||
| Nepal School and | academy | 34,000 | ||||||
| Marie Curie project ECHO | 91,700 | 138,120 | ||||||
| Total designated | funds | 142,700 | 265,120 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| F | E | |||
| Expatriate | Advisory Service PLC | 1,419,499 | 1,720,000 | |
| Chapel Bar Securities | Limited | 35,754 | 38,000 | |
| 1,455,253 | 1,758,000 |
| HAYDN GREEN FOUNDATION | HAYDN GREEN FOUNDATION | |||||
|---|---|---|---|---|---|---|
| Detailed Statement of Financial Activities | ||||||
| FOR THE YEAR ENDED 31 JULY 2021 | ||||||
| 2021f | 2020f | |||||
| Income and endowments | ||||||
| Donations and legacies |
||||||
| Donations | 6,455,594 | 1,758,000 | ||||
| Other trading activities |
||||||
| Bank interest | 5,514 | |||||
| Investment income |
||||||
| Gains/loss on revaluation |
172,416 | (11,338) | ||||
| Income from fixed asset | investments | 11,105 | ||||
| 183,521 | ~11,338 | |||||
| Total incoming resources |
6,644,629 | 1,746,662 | ||||
| Expenditure | ||||||
| Charitable activities |
||||||
| Grants to institutions | 20,047,220 | 60,878 | ||||
| Support costs | ||||||
| Nlanagement | ||||||
| Professional fees | 48,298 | 28,016 | ||||
| Finance | ||||||
| Bank charges | 60 | |||||
| Total resources expended | 20,095,518 | 88,954 | ||||
| Net (expenditure)/income | before gains | and | ||||
| losses | (13,450,889) | 1,657,708 | ||||
| Realised recognised | gains and losses | |||||
| Realised gains/(losses) investments |
on fixed asset | ~25,528) | ||||
| Net (expenditure)/income | ~73,476,477) | 1,657.788 |