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|||Page||
|---|---|---|---|
|Report ofthe Trustees||1 to|5|
|Independent<br>Examiner's|Report|||
|Statement of Financial|Activities|||
|Statement of Financial|Position|8 to|9|
|Notes to the Financial Statements||10 to|16|





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|||||||2020|2019|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||fund|funds|funds|funds|
||||Notes|E|f|f|F|
|INCOME AND ENDOWMENTS||FROM||||||
|Donations|and legacies|||5,571|49,181|54,752|104,294|
|Investment|income||||||1,607|
|Total||||5,571|49,181|54,752|105,901|
|EXPENDITURE ON||||||||
|Charitable|activities|||||||
|Leadership|development|||13,412|40,240|53,652|125,659|
|NET INCOME/(EXPENDITURE)||||(7,841)|8,941|1,100|(19,758)|
|RECONCILIATION<br>OF FUNDS||||||||
|Total funds|brought forward|||55,649||55,649|75,407|
|TOTAL FUNDS CARRIED FORWARD||||47,808|8,941|56,749|55,649|





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||||||2020|2019|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||fund|funds|funds|funds|
|||Notes|f|f|f|f|
|CURRENT ASSETS|||||||
|Debtors||9|34,952||34,952|35,814|
|Cash at bank|||56,691|8,941|65,632|97,064|
||||91,643|8,941|100,584|132,878|
|CREDITORS|||||||
|Amounts<br>falling due within one year||10|(43,835)||(43,835)|(76,173)|
|NET CURRENT ASSETS|||47,808|8,941|56,749|56,705|
|TOTAL ASSETS LESSCURRENT LIABILITIES|||47,808|8,941|56,749|56,705|
|CREDITORS|||||||
|Amounts<br>falling due after more than one|||||||
|year||||||(1,056)|
|NET ASSETS|||47,808|8,941|56,749|55,649|
|FUNDS||12|||||
|Unrestricted|funds||||47,808|55,649|
|Restricted funds|||||8,941||
|TOTALFUNDS|||||56,749|55,649|





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||DONATIONS|DONATIONS|AND LEGACIES|AND LEGACIES|||
|---|---|---|---|---|---|---|
||||||2020|2019|
||||||f|f|
||Donations||||5,571|104,294|
||Grants||||49,181||
||||||54,752|104,294|
||Grants|received, included||in the above, are as follows:|||
||||||2020|2019|
||||||E|E|
||King Baudouin||Foundation||11,443||
||Acumen|Fund|||37,738||
||||||49,181||
|3.|INVESTMENT||INCOME||||
||||||2020|2019|
||||||E|E|
||Deposit|account interest||||1,607|





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|CHARITABL|E ACTIVITIES COSTS||||
|---|---|---|---|---|
||||Support||
|||Direct|costs (see||
|||Costs|note 5)|Totals|
|||E|E||
|Leadership|development|50,683|2,969|53,652|



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|||Governance|
|---|---|---|
|||costs|
|||E|
|Leadership|development|2,969|



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|2020|2019|
|---|---|
|E|E|



|2020|2019|
|---|---|
|nil|nil|





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||COMPARATIVES<br>FOR|THE STATEMENT OF FINANCIAL ACTIVITIES|THE STATEMENT OF FINANCIAL ACTIVITIES|THE STATEMENT OF FINANCIAL ACTIVITIES||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted||Total|
|||||fund|funds||funds|
|||||f||f|f|
||INCOME AND ENDOWMENTS||FROM|||||
||Donations<br>and legacies|||104,294|||104,294|
||Investment<br>income|||1,607|||1,607|
||Total|||105,901|||105,901|
||EXPENDITURE ON|||||||
||Charitable<br>activities|||||||
||Leadership<br>development|||125,659|||125,659|
||NET INCOME/(EXPENDITURE)|||(19,758)|||(19,758)|
||RECONCIUATION<br>OF|FUNDS||||||
||Total funds brought forward|||75,407|||75,407|
||TOTAL FUNDS CARRIED FORWARD|||55,649|||55,649|
|9.|DEBTORS:AMOUNTS|FALLING|DUE WITHIN ONE YEAR|||||
||||||2020||2019|
||||||f||f|
||Other debtors||||34,952||35,814|





||||FOR THE YEAR ENDED 31DECEM|BER 2020|||
|---|---|---|---|---|---|---|
|10.|CREDITORS: AMOUNTS||FALLING DUE WITHIN ONE YEAR||||
||||||2020|2019|
||||||f|f|
||Trade creditors|||||1,320|
||Other creditors||||42,196|73,215|
||Accrued expenses||||1,639|1,638|
||||||43,835|76,173|
|11.|CREDITORS: AMOUNTS||FALLING DUE AFTER MORE THAN|ONE YEAR|||
||||||2020|2019|
||||||E|E|
||Other creditors|||||1,056|
|12.|MOVEMENT IN FUNDS||||||
||||||Net||
||||||movement|At|
|||||At 1/1/20|in funds|31/12/20|
|||||f|E|f|
||Unrestricted<br>funds||||||
||General fund|||55,649|(7,841)|47,808|
||Restricted funds||||||
||Acumen<br>Fund||||5,711|5,711|
||King Baudouin|Foundation|||3,230|3,230|
||||||8,941|8,941|
||TOTAL FUNDS|||55,649|1,100|56,749|



|||||Incoming|Resources|Movement|
|---|---|---|---|---|---|---|
|||||resources<br>E|expended<br>f|in funds<br>E|
|Unrestricted||funds|||||
|General|fund|||5,571|(13,412)|(7,841)|
|Restricted funds|||||||
|Acumen|Fund|||37,738|(32,027)|5,711|
|King Baudouin|||Foundation|11,443|(8,213)|3,230|
|||||49,181|(40,240)|8,941|
|TOTAL|FUNDS|||54,752|(53,652)|1,100|





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||||Net||
|---|---|---|---|---|
||||movement|At|
|||At 1/1/19|in funds|31/12/19|
|||||E|
|Unrestricted|funds||||
|General fund||75,407|(19,758)|55,649|
|TOTAL FUNDS||75,407|(19,758)|55,649|



|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
|||E|E|E|
|Unrestricted|funds||||
|General fund||105,901|(125,659)|(19,758)|
|TOTAL FUNDS||105,901|(125,659)|(19,758)|



|||||Net||
|---|---|---|---|---|---|
|||||movement|At|
||||At 1/1/19|in funds|31/12/20|
||||f|E|E|
|Unrestricted||funds||||
|General|fund||75,407|(27,599)|47,808|
|Restricted funds||||||
|Acumen|Fund|||5,711|5,711|
|King Baudouin||Foundation||3,230|3,230|
|||||8,941|8,941|
|TOTAL|FUNDS||75,407|(18,658)|56,749|





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|||||Incoming|Resources|Movement|
|---|---|---|---|---|---|---|
|||||resources|expended|in funds|
|||||E|E|E|
|Unrestricted||funds|||||
|General|fund|||111,472|(139,071)|(27,599)|
|Restricted funds|||||||
|Acumen|Fund|||37,738|(32,027)|5,711|
|King Baudouin|||Foundation|11,443|(8,213)|3,230|
|||||49,181|(40,240)|8,941|
|TOTAL|FUNDS|||160,653|(179,311)|(18,658)|



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