|||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 Cash Flow Statement||||
|Notes to the Financial Statements|10|to|16|
|Detailed Statement of Financial Activities||17||
##
|Trustees||H Singh|||||
|---|---|---|---|---|---|---|
|||J Basham|(resigned 21.9.22)||||
|||J K Ash|||||
|Principal address||The Haydn|Green Foundation||||
|||16 High Street|||||
|||Kegworth|||||
|||Derby|||||
|||Derbyshire|||||
|||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||Shoosmiths|||||
|||The XYZ Building|||||
|||2 Hardman|Boulevard||||
|||Spinningfields|||||
|||Manchester|||||
|||M3 3AZ|||||
|Bankers||Lloyds Bank||pic|||
|||25 Gresham||Street|||
|||London|||||
|||EC2V 7HN|||||
##
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##
##
##
##
##
##
##
##
||||||FOR|THE YE|AR ENDED 31JU|LY 2022|||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2022|2021|
||||||||Unrestricted|Restricted|Total|Total|
||||||||fund|funds|funds|funds|
|||||||Notes||E|||
|Income and endowments||||from|||||||
|Donations|and legacies|||||2|2,040,000||2,040,000|6,455,594|
|Other trading
activities||||||3|2,643||2,643|5,514|
|Investment|income|||||4|10,234||10,234|183,521|
|Total|||||||2,052,877||2,052,877|6,644,629|
|Expenditure
on|||||||||||
|Charitable|activities||||||||||
|Donations|||||||74,500||74,500|20,047,220|
|Bank charges|||||||60||60|60|
|Legal fees|in relation||to probate dispute||and||||||
|mediation|||||||153,580||153,580|48,238|
|Other|||||||540||540||
|Total|||||||228,680||228,680|20,095,518|
|Net gains/(losses)||on investments|||||8,643||8,643|(25,528)|
|NET INCOMEI(EXPENDITURE)|||||||1,832,840||1,832,840|(13,476,417)|
|Reconciliation
of||funds|||||||||
|Total funds|brought||fonvard||||2,036,9&4|(6,000,000)|(3,963,016)|9,513,401|
|Total funds|carried||forward||||3,869,824|(6,000,000)|(2,130,176)|(3,963,016)|
##
|||||31|JULY 2022||||
|---|---|---|---|---|---|---|---|---|
||||||||2022|2021|
||||||Unrestricted|Restricted|Total|Total|
||||||fund|funds|funds|funds|
|||||Notes||E|E|F.|
|Fixed assets|||||||||
|Investments||||10|430,202||430,202|1,018,271|
|Current assets|||||||||
|Debtors|||||13,460|5,000,000|5,013,460|5,013,460|
|Cash at bank and||in hand|||3,427,728||3,427,728|10,006,819|
||||||3,441,188|5,000,000|8,441,188|15,020,279|
|Creditors|||||||||
|Amounts
falling due within|||one year|12|(1,566)||(1,566)|(1,566)|
|Net current|assets||||3,439,622|5,000,000|8,439,622|15,018,713|
|Total assets less||current|liabilities||3,869,824|5,000,000|8,869,824|16,036,984|
|Provisions|for liabilities|||13||(11,000,000)|(11,000,000)|(20,000,000)|
|NET ASSETS/(LIABILITIES)|||||3,869,824|(6,000,000)|(2,130,176)|(3,963,016)|
|Funds||||14|||||
|Unrestricted|funds||||||3,869,824|2,036,984|
|Restricted funds|||||||(6,000,000)|(6,000,000)|
|Total funds|||||||(2,130,176)|(3,963,016)|
|||||2022|2021|
|---|---|---|---|---|---|
||||Notes||E|
|Cash flows from operating|activities|||||
|Cash generated
from operations|||1|(7,186,037)|1,365,590|
|Net cash (used in)/provided|by|operating|activities|(7,186,037)|1,365,590|
|Cash flows from investing|activities|||||
|Sale offixed asset investments||||600,543|130,563|
|Dividends
received||||6,403|11,105|
|Net cash provided
by investing||activities||606,946|141,668|
|Change
in cash and cash|equivalents||in|||
|the reporting
period||||(6,579,091)|1,507,258|
|Cash and cash equivalents|at|the||||
|beginning
ofthe reporting|period|||10,006,819|8,499,561|
|Cash and cash equivalents|at|the end|of|||
|the reporting
period||||3,427,728|10,006,819|
##
##
##
|RECONCILIATION
ACTIVITIES||OF NET|I|NCOME/(EXPEN|DITURE)
TO NET|CASH FLOW|FROM OPERATI|NG|
|---|---|---|---|---|---|---|---|---|
||||||||2022|2021|
||||||||E|6|
|Net income/(expenditure)|||for the reporting||period (as per the||||
|Statement
of Financial Activities)|||||||1,832,840|(13,476,417)|
|Adjustments
for:|||||||||
|Gain on investments|||||||(3,831)|(172,416)|
|Dividends
received|||||||(6,403)|(11,105)|
|Realised gains on|investments||||||(8,643)|25,528|
|Increase
in debtors||||||||(5,000,000)|
|(Decrease)/increase||in creditors|||||(9,000,000)|20,000,000|
|Net cash (used in)/provided||||by operations|||(7,186,037)|1,365,590|
|ANALYSIS OF CHANGES|||IN|NET FUNDS|||||
|||||||At 1.8.21|Cash flow|At 31.7.22|
|||||||E|E||
|Net cash|||||||||
|Cash at bank and|in|hand||||10,006,819|(6,579,091)|3,427,728|
|||||||10,006,819|(6,579,091)|3,427,728|
|Total||||||10,006,819|(6,579,091)|3,427,728|
##
##
##
##
##
##
##
##
##
##
##
|2022|2021|
|---|---|
|Z|E|
|2,040,000|6,455,594|
##
##
##
##
##
||||||2022|2021|
|---|---|---|---|---|---|---|
||||||E||
|Bank interest|||||2,643|5,514|
|INVESTMENT INCOME|||||||
||||||2022|2021|
|Gains/loss|on revaluation||||3,831|172,416|
|Income from fixed asset investments|||||6,403|11,105|
||||||10,234|183,521|
|CHARITABLE ACTIVITIES COSTS|||||||
||||Grant||||
||||funding|of|||
||||activities||Support||
||||(see note||costs (see||
|||||6)|note 7)|Totals|
|||||||6|
|Donations|||74,500|||74,500|
|Bank charges|||||60|60|
|Legal fees|in relation|to probate dispute|||||
|and mediation|||||153,580|153,580|
||||74,500||153,640|228,140|
|GRANTS|PAYABLE||||||
||||||2022|2021|
||||||f||
|Donations|||||74,500|20,047,220|
##
##
##
|SUPPORT COSTS|||
|---|---|---|
|||Management|
|||F|
|Other resources expended||540|
|Bank charges||60|
|Legal fees in relation to probate dispute|and||
|mediation||153,580|
|||154,180|
##
##
##
##
||||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
||||||fund|funds|funds|
||||||E|E|E|
|Income and endowments|||from|||||
|Donations
and legacies|||||1,455,594|5,000,000|6,455,594|
|Other trading
activities|||||5,514||5,514|
|Investment
income|||||183,521||183,521|
|Total|||||1,644,629|5,000,000|6,644,629|
|Expenditure
on||||||||
|Charitable
activities||||||||
|Donations|||||9,047,220|11,000,000|20,047,220|
|Bank charges|||||60||60|
|Legal fees in relation||to probate dispute||and||||
|mediation|||||48,238||48,238|
|Total|||||9,095,518|11,000,000|20,095,518|
|Net gains/(losses)|on investments||||(25,528)||(25,528)|
|NET INCOME/(EXPENDITURE)|||||(7,476,417)|(6,000,000)|(13,476,417)|
|Reconciliation
of|funds|||||||
|Total funds brought||forward|||9,513,401||9,513,401|
|Total funds carried||forward|||2,036,984|(6,000,000)|(3,963,016)|
##
##
##
##
||||||||Listed|Unlisted||
|---|---|---|---|---|---|---|---|---|---|
||||||||investmentsf|investments
Z|Totals
6|
||Market value|||||||||
||At 1 August 2021||||||1,016,573|1,698|1,018,271|
||Revaluations||||||12,474||12,474|
||Reclassification/transfer||||||(600,543)||(600,543)|
||At 31 July 2022||||||428,504|1,698|430,202|
||Net book value|||||||||
||At 31 July 2022||||||428,504|1,698|430,202|
||At 31 July 2021||||||1,016,573|1,698|1,018,271|
||There were no investment||assets outside the UK.|||||||
||The historical cost at 31|July 2022||is represented|by:|||||
|||||||Listed|Unlisted|||
|||||investments|||investments||Totals|
|||||||F|F||L|
||Cost||||354,195||1,698||355,893|
|11.|DEBTORS:AMOUNTS|FALLING||DUE WITHIN ONE||YEAR||||
|||||||||2022|2021|
|||||||||E|F|
||Other debtors|||||||13,460|13,460|
||Contingent
asset|||||||5,000,000|5,000,000|
|||||||||5,013,460|5,013,460|
|12.|CREDITORS: AMOUNTS||FALLING DUE WITHIN||ONE YEAR|||||
|||||||||2022
F|2021f|
||Other creditors|||||||1,566|1,566|
|13.|PROVISIONS FOR LIABILITIES|||||||||
|||||||||2022f|2021f|
||Provisions|||||||11,000,000|20,000,000|
##
|MOVEMENT|IN FUNDS|||||||
|---|---|---|---|---|---|---|---|
|||||||Net||
|||||||movement||
||||||At 1.8.21|in funds|At 31.7.22|
||||||E|E|E|
|Unrestricted|funds|||||||
|General fund|||||2,036,984|1,832,840|3,869,824|
|Restricted funds||||||||
|General|||||(6,000,000)||(6,000,000)|
|TOTAL FUNDS|||||(3,963,016)|1,832,840|(2,130,176)|
|Net movement|in funds,|included||in the above are as follows:||||
|||||Incoming|Resources|Gains and|Movement|
|||||resources|expended|losses|in funds|
|||||||E|F|
|Unrestricted|funds|||||||
|General fund||||2,052,877|(228,680)|8,643|1,832,840|
|TOTAL FUNDS||||2,052,877|(228,680)|8,643|1,832,840|
|Comparatives|for movement||in|funds||||
|||||||Net||
|||||||movement||
||||||At 1.8.20|in funds|At 31.7.21|
||||||F.||E|
|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)|
|Comparative|net movement
in fund|s,
included
in the above are|as follows:|||
|---|---|---|---|---|---|
|||Incoming|Resources|Gains and|Movement|
|||resources|expended|losses|in funds|
||||E|F|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)|
##
##
##
|A current year|12|months|and prior year 12 months|combined|position
is as fo|llows:|||
|---|---|---|---|---|---|---|---|---|
||||||||Net||
|||||||movement|||
||||||At 1.8.20f|in fundsf||At 31.7.22f|
|Unrestricted|funds||||||||
|General
fund|||||9,513,401|(5,643,577)||3,869,824|
|Restricted funds|||||||||
|General||||||(6,000,000)||(6,000,000)|
|TOTAL FUNDS|||||9,513,401|(11,643,577)||(2,130,176)|
|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|
||||resourcesf||expendedf||losses
f|in funds
f|
|Unrestricted|funds||||||||
|General fund|||3,697,506||(9,324,198)||(16,885)|(5,643,577)|
|Restricted funds|||||||||
|General|||5,000,000||(11,000,000)|||(6,000,000)|
|TOTAL FUNDS|||8,697,506||(20,324,198)||(16,885)|(11,643,577)|
|DESIGNATED FUNDS|||||||||
||||||||2022|2021|
|||||||||f|
|Haydn Green|doctoral programme||||||17,000|51,000|
|Marie Curie project ECHO|||||||51,200|91,700|
|Total designated||funds|||||68,200|142,700|
##
##
##
##
##
##
||||||2021|2021|
|---|---|---|---|---|---|---|
|Individual|Savings|Accounts||Limited|1,800,000||
|The PEP|Shop Limited||||240,000||
|Expatriate|Advisory|Service PLC||||1,419,499|
|Chapel Bar Securities|||Limited|||35,754|
||||||2,040,000|1,455,253|
##
##
##
|||FOR THE YEAR ENDED 31|JULY 2022||
|---|---|---|---|---|
||||2022|2021|
|||||E|
|Income and endowments|||||
|Donations
and legacies|||||
|Donations|||2,040,000|6,455,594|
|Other trading activities|||||
|Bank interest|||2,643|5,514|
|Investment
income|||||
|Gains/loss
on revaluation|||3,831|172,416|
|Income from fixed asset|investments||6,403|11,105|
||||10,234|183,521|
|Total incoming
resources|||2,052,877|6,644,629|
|Expenditure|||||
|Charitable
activities|||||
|Grants to institutions|||74,500|20,047,220|
|Support costs|||||
|Management|||||
|Professional
fees|||154,180|48,298|
|Total resources expended|||228,680|20,095,518|
|Net income/(expenditure)||before gains and|||
|losses|||1,824,197|(13,450,889)|
|Realised recognised
gains and losses|||||
|Realised gains/(losses)|on|fixed asset|||
|investments|||8,643|(25,528)|
|Net income/(expenditure)|||1,832,840|(13,476,417)|