| Page | |
|---|---|
| Reference and administrative details of the Charity, its Trustees and advisers | 1 |
| Trustees' report | 2-4 |
| Independent examiner's report | 5-6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Statement of cash flows | 9 |
| Notes to the financial statements | 10-20 |
THE IAN & NATALIE LMNGSTONE cHARASLE TRUST TRUSTEES. REPORT ICONTINUEO) FOR THE YEAR ENDED 31 MARCH 2021 Stru¢tur•. gov•man¢• and man•gem•nt (¢ontlnwdl d. Poll¢lM •doptsd lor th• indu¢tlon •Thd tralning of Tru•t• Tr•lnln9 of the truslees. 1$ W•rtak0n on an inftymal basis. Eath TW$1 upon his or her first appointment 11 be gNan a copy of the Trust D•8d and any amendm¥nls to rt, as well as • Copy ol tha ChariV8 lalesl report and s18t&mènt ol a(u)unlS. Alt Iru$lees ar• kept inlrmed 01 m•ets'ry of th8lr dub"e$ and oblMJalion$ undèr th& in ddilkJn lo th•ir Fyoper crkn. Plin• lor futyr• p•rlod¥ tru$le•$ ho¥0 p•rlkdar F4•n8 for fuiwe or •dlvitw kn u111è on in th1$ rewL Slt•m•nt ofTru•t•v' mpomlblfftl Th8 Tiustees aro responsi1 fof preparing th6 TfUSt8•s' R8wt and tm financial stalemenls 8¢¢ordanc¢ wilh appllcabl• law and Krylom ACCJnI0n9 Stondards (Unit Kingdom Generally Acceptèd A(%ounling Praclk•). Th• law applicabb to charths In Er@1gnd & Wdets requlres th• TNBIw8 lo weparo flnandal 8lalemènl8 for each hnandal whKh giv• a Irue and lair vitr of the stalo of affairs ol th• Charity arHI of Ils incomin9 rosources and application ol resources. Itiduding ils in¢om• and expeTraitur6, foi Itt perrf. In preparlng these financial slaiemenls. Ihfj Trustees are requlred to.. led iuilai4• acwunting polictos and thon opply Ihem con$lslenty'. observe th• methods arKI prinupsos of thg Chaiiti'es SORP IFRS 102}: make ludg•monls and accounting •slimat•$ that are wsonabl• arml wudènl,. stale wh•th•r applicable UK A¢¢ounilng Slandard$ IFRS 1021 ha4Tr be•n follryed. 8ublaca lo any malerr81 d•pariures disdosod and exained in the financaal statents., prepare tho financial statemen15 on the gc419 basis unth$ rt h Ingppropriat• lo presum• th•1 th• Charity will eonllnue kn bu¥lnea8. The Tru$l•e$ arg resF(ffl)l• for keIng athqu•te rgoNds that are $uffi¢i•nt to thow and explain Ihe CharW$ Irènsactlons and dlsdo8e Wrth r•asonablè accuracy at any limè tho fin8ndal position of lh* Ch•rity and enablè Ih&m to •n8ufe Ihèt the fin•ndal slaiements fy)mply the Ch8nti•s Act 2011. the Chaftly (Accounts and R•ports} Regubtbn$ 2C¥)8 and the pfowisiong of the Trust d8•d. TY ar8 also responsibkn for 89f8guarding the 83$ets of the Ch81ity and hènce for taking rea$onabl8 steps for the prgventlon and detection of froud and other irwtrfarlll•s. Appro1 by ordw of the mgmbern of the board of Tru8tee8 and 81gned on thelr behèll by: Mark FCA Date. 1010112022 Page 4
18 January 2022
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2021 Note £ |
2021£ | 2020£ | ||
| Income from: | ||||
| Donations and legacies | 3 | 660,500 | 660,500 | 90,501 |
| Total income | 660,500 | 660,500 | 90,501 | |
| Expenditure on: | ||||
| Charitable activities | 5 | 725,300 | 725,300 | 209,133 |
| Total expenditure | 725,300 | 725,300 | 209,133 | |
| Net movement in funds | (64,800) | (64,800) | (118,632) | |
| Reconciliation of funds: | ||||
| Total funds brought forward | 21,919 | 21,919 | 140,551 | |
| Net movement in funds | (64,800) | (64,800) | (118,632) | |
| Total funds carried forward | (42,881) | (42,881) | 21,919 |
| Note | 2021£ | 2020 £ |
|||
|---|---|---|---|---|---|
| Current assets | |||||
| Debtors | 9 | 137,767 | 23,767 | ||
| Cash at bank and in hand | 452 | 82,152 | |||
| 138,219 | 105,919 | ||||
| Creditors: amounts falling due within one year |
10 | (156,100) | (34,000) | ||
| Net current liabilities / assets | (17,881) | 71,919 | |||
| Creditors: amounts falling due after more than one year |
11 | (25,000) | (50,000) | ||
| Net liabilities / assets excluding pension asset |
(42,881) | 21,919 | |||
| Total net assets | (42,881) | 21,919 | |||
| Charity funds | |||||
| Unrestricted funds | 13 | (42,881) | 21,919 | ||
| Total funds | (42,881) | 21,919 |
| 2021£ | 2020 £ |
|
|---|---|---|
| Cash flows from operating activities | ||
| Net cash used in operating activities | (81,700) | 68,963 |
| Change in cash and cash equivalents in the year | (81,700) | 68,963 |
| Cash and cash equivalents at the beginning of the year | 82,152 | 13,189 |
| Cash and cash equivalents at the end of the year | 452 | 82,152 |
| The notes on pages 10 to 20 form part of these financial statements |
| 3. | Income from donations | ||
|---|---|---|---|
| Unrestricted | Total | ||
| funds | funds | ||
| 2021£ | 2021 £ |
||
| Donations | 657,500 | 657,500 | |
| Gifts in kind | 3,000 | 3,000 | |
| Total 2021 | 660,500 | 660,500 | |
| Unrestricted | Total | ||
| funds | funds | ||
| 2020 £ |
2020£ | ||
| Donations | 87,501 | 87,501 | |
| Gifts in kind | 3,000 | 3,000 | |
| Total 2020 | 90,501 | 90,501 | |
| 4. | Analysis of grants | ||
| Grants to | Total | ||
| Institutions | funds | ||
| 2021£ | 2021£ | ||
| Grants funding of activities | 717,500 | 717,500 | |
| Grants to | Total | ||
| Institutions | funds | ||
| 2020 | 2020 | ||
| £ | £ | ||
| Grants funding of activities | 201,333 | 201,333 |
| 2021£ | 2020£ | |
|---|---|---|
| Name of institution | ||
| Great Ormond Street Hospital Children's Charity | 400,000 | |
| Little Village | 190,000 | |
| Dalaid | 50,000 | 50,000 |
| London Academy of Excellence Tottenham | 41,500 | |
| The Jagclif Charitable Trust | 20,000 | |
| Magen David Adorn UK | 10,000 | |
| Highgate School | 5,000 | 21,600 |
| British Academy of Film & Television Arts | 93,733 | |
| Make-A-Wish | 20,000 | |
| Place2Be | 10,000 | |
| Reach Bwindi | 5,000 | |
| 716,500 | 200,333 | |
| Other grants to institutions of less than £2,000 each | 1,000 | 1,000 |
| 717,500 | 201,333 |
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| 2021£ | 2021£ | |
| Charitable expenditure | 725,300 | 725,300 |
| Unrestricted | Total | |
| funds | funds | |
| 2020 £ |
2020£ | |
| Charitable expenditure | 209,133 | 209,133 |
| Grant | |||
|---|---|---|---|
| funding of | Support | Total | |
| activities | costs | funds | |
| 2021£ | 2021£ | 2021£ | |
| Charitable expenditure | 717,500 | 7,800 | 725,300 |
| Grant | |||
| funding of | Support | Total | |
| activities | costs | funds | |
| 2020£ | 2020 £ |
2020 £ |
|
| Charitable expenditure | 201,333 | 7,800 | 209,133 |
| Analysis of support costs | |||
| Total | |||
| Activities | funds | ||
| 2021£ | 2021£ | ||
| Governance costs | 7,800 | 7,800 |
| Total | ||
|---|---|---|
| Activities | funds | |
| 2020£ | 2020£ | |
| Governance costs | 7,800 | 7,800 |
| 2021£ | 2020£ | |
|---|---|---|
| Due within one year | ||
| Other debtors | 6,267 | 6,267 |
| Gift aid receivable | 131,500 | 17,500 |
| 137,767 | 23,767 |
| 2021£ | 2020 £ |
|
|---|---|---|
| Other creditors | 4,800 | 4,200 |
| Accruals | 4,800 | 4,800 |
| Accruals for grants payable | 146,500 | 25,000 |
| 156,100 | 34,000 |
| 11. Creditors: Amounts falling due after more than one year | ||
|---|---|---|
| 2021£ | 2020£ | |
| Accruals for grants payable | 25,000 | 50,000 |
| 12. Financial instruments | ||
| 2021£ | 2020£ | |
| Financial assets | ||
| Financial assets measured at fair value through income and expenditure | 452 | 82,152 |
| tatement of funds Statement of funds - current year |
|||
|---|---|---|---|
| Balance at | |||
| Balance at 1 | 31 March | ||
| April 2020£ | Income Expenditure £ £ |
2021£ | |
| Unrestricted funds | |||
| General Funds | 21,919 | 660,500 (725,300) | (42,881) |
| Statement of funds - prior year | |||
| Balance at | |||
| Balance at | 31 March | ||
| 1 April 2019 £ |
Income Expenditure £ £ |
2020£ | |
| Unrestricted funds | |||
| General Funds | 140,551 | 90,501 (209,133) 21,919 |
| Analysis of net assets between funds - current year | ||
|---|---|---|
| Unrestricted | Total | |
| funds | funds | |
| 2021£ | 2021£ | |
| Current assets | 138,219 | 138,219 |
| Creditors due within one year | (156,100) | (156,100) |
| Creditors due in more than one year | (25,000) | (25,000) |
| Total | (42,881) | (42,881) |
| Analysis of net assets between funds - prior year | ||
|---|---|---|
| Unrestricted | Total | |
| funds | funds | |
| 2020 | 2020 | |
| £ | £ | |
| Current assets | 105,919 | 105,919 |
| Creditors due within one year | (34,000) | (34,000) |
| Creditors due in more than one year | (50,000) | (50,000) |
| Total | 21,919 | 21,919 |
| 2021£ | 2020 £ |
|
|---|---|---|
| Net expenditure for the year (as per Statement of Financial Activities) | (64,800) | (118,632) |
| Adjustments for: | ||
| Decrease/(increase) in debtors | (114,000) | 107,795 |
| Increase in creditors | 97,100 | 79,800 |
| Net cash provided by/(used in) operating activities | (81,700) | 68,963 |
| nalysis of cash and cash equivalents | ||
|---|---|---|
| 2021£ | 2020 £ |
|
| Cash in hand | 452 | 82,152 |
| Total cash and cash equivalents | 452 | 82,152 |
| Ati April At 31 March | |
|---|---|
| 2020 Cashflows 2021 | |
| £ | |
| Cash at bank and in hand | 82,152 (81,700) 452 |
| 82,152 (81,700) 452 |