2021-06-30-accounts - The Sasta Foundation

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Charity information
Trustees' Annual Report
Accountants' report
Funds Statements:-
Statement of Financial	Activities
Movements in funds
Revenue Funds
Income and Expenditure	account	10
Summsiy offunds		9
Balance sheet
Notes to the accounts		11
		12

Nst income		2021 f	2020 f
			56,831
Unrsstncted Revenue Funds available general purposes ofthe chanty	for the	1,632281	1,631438
TotalFunds
		1,632,281	1,631,438

		Soap	Current year Unrestricted Fuiids	Current year Restricted Funds	Current year TotalFunds	Prior Year Total Funds
Income &Endowments	from:		2021 6	2021 6	2021 6	2020 6
Donations &Legaaes Investmenls		Al A4	41,750 90,156		41,750 90,156	73 500 87,827
Total income		A	131,906		131,906	161,327
Expenditure on:
Investment management Charitable activities Other		Bl 82 B3	91,095 32,878 7,090		91,095 32,878 7,090	63,916 40,965 (385)
Total expenditure		B	131,063		131,063	104,496
Net income for the year			843		843	56,831
Net income after transfers		A-B-C	843		843	56,831
Net movement in funds			843		843	56,831
Reconciliation offunds:-		E
Total funds brought forward			1,631,436		1,631,438	1.574,607
Total funds carried forward			1,632,281		1,632,281	1,631,438

The Sasta Foundation	-Statement ofFinancial	-Statement ofFinancial	-Statement ofFinancial	-Statement ofFinancial	Activities for the year ended 30	Activities for the year ended 30	June 2021
The Sasta Foundation -Resources applied assets for Charity use:-				in the year ended 30June 2021 towards fixed
						2021 f	2020 f
Funds generated in the year	as detailed		in the SOFA			843	56,831
Net resources available	to fund charitable activities					843	56,831
Movements in revenue	and capital funds for			the	year ended	30June 2021
Revenue accumulated funds
Accumulated funds brought forward			Unrestricted Funds 2021 8 1,631,438		Rsstnctsd Funds 2021	Total Funds 2021 8 1,631,438	Last year TotalFunds 2020 8 1,574,607
Recogrssed gams and losses transfers	before		843			843	56,831
			1,632,281			1,632,281	1,631,438
Closing revenue funds			1,632,281			1,632,281	1,831,438
Summary of funds		Unrestricted and Designated funds			Restricted Funds	Total Funds	Last Year Total Funds
			2021 f		2021 8	2021 8	2020 E
Revenue accumulated funds			1,632,281			1,632,281	1,631,438
The notes attached on pages 12		to	20 form an integral		part ofthese	accounts.

Income				2021 5	2020f
Income from operations				41,750	73,500
Investment income
Income from investments, other than	interest	receivable		9D,156	87,827
Gross income in the year before exceptional		items		131,906	161,327
Gross income in the year including	exceptional		items	131,906	161,327
Expenditure
Chenteble expenditure, excluding deprecation Fundraising costs and investment management Governance costs		and	amartisstian	29518 91,095	36,585 63,916
Other expenditure				3,360 7090	4,38D (3851
Total expenditure in the year				131,063	104,496
Net income before tax in the financial year					56,831
Tsx on surplus an ordinary activities
Net income after tsx in the financial	year			843	56,831
Retained surplus for the financial	year			843	56,831
All activities denve from continuing operations

h
Te Sasta Foun	d	ation	- Balance		Sheet	as at 30			June 2021
							SORP
					Note		Ref				2021	2020
Fixed assets											5	6
								A
Investments held as		fixed assets			6			A4			2,611,164	2,463,831
Current assets								8
Debtors Gash at bank and in		hand			7			82 B4		17,404 77,689	24,996 34,021
Total current assets										95,093	59,017
Creditors: amounts		falling due within
one year					8			C1	(185,926)		(3,360)
Net current assets
											(90,833)	55,657
Net assets											2,520,331	2,519,488
Creditors amounts	falling due			after more
than one year					9		C2				(888,050)	(888,050)
The total net assets		ofthe	chadity								1,632,281	1,631,438
The total net assets		ofthe	charity are funded			by		the funds		ofthe chadity, as follows:-
Restricted funds
Unrestricted Funds
Unrestncted Revenue		Funds			16		D3 1,632,281				1,631,438
Designated Funds											1,632,281	1,631,438
Total charity funds
											1,632,281	1,631,438

			Listed investments	Other Classes of Investment	Tots I
Carrying values of investments
At 1 July 2020 Additions				2,463,831	2,463,831
Disposals				297,232 (139,899)	287,232 (139,899)
At 30June 2021
				2,611,164	2,611,164
Analysis between	fair value and historical	cost
Investments as above held at fair value				2,611,164	2,611,164
Analysis of Other	Classes of Investment
			Included at
			historical	Included at
			cost, less	fair value	Total
			write down
Investment properties
At 1 July 2020 Additions				2,215,690	2,215,690
				287,232	287, 232
At 30June 2021
				2,502,922	2,502,922
Other investments
At 1 July 2020 Disposels				248,141 (139,899)
At 30June 2021				108,242
Summary ofother classes of inveatmente		at 30Ju e 2021
Investment properties				2,502,922	2,502,922
Other mvestments				108,242	108242
				2,611,164	2,611,164

						2021	2020
	Other debtors					E	E
						17,404	24,996
8	Creditors: amounts		falling		due within one year	2021	2020
	Accruals					E
	Other creditors					3,360	3,360
						182,566
						185,926	3,360
9	Creditors: amounts		falling		due after one year	2021	2020
	Bank loans and overdrafts					E	E
						888,050	888,050
10	Loans to trustees	included			in debtors
	There are no loans to	trustees
11	Guarantees made	by the		charity on behalf oftrustees
	There are no guarantees
12	Income and Expenditure			account summary		2021	2020
						E	E
	At 1July 2020 Surplus after tax for the year					1,631,438 843	1,574,607 56,831
	At 30June 2021
						\,632,281	1,631,438
13	Post balance sheet	events

14 Related party tran	s	actions
								2021f	2020
Chanty with trustees	in	common -Avsons Chantable			Trust
Loan included in other 2)		debtors due	from related	party					7,000
Trustee ofthe chanty	-	Mr M W Staszewski
Loan included in creditors due from 3)			(to) the related party					(180,000)
Trustee ofthe chanty	and common		director - Mr	M W	Staszewski 8 Portman		Equity Advisors	Limited
Donations from related		party
15 Particulars of how	particular		funds are represented			by assets and liabilities		36,750	61,000
At 30June 2021
						Unrestricted	Designated	Restricted	Total
						funds	funds	fulids	Funds
Investments at valuation.		-						f	6
Fixed asset investments Current Assets Current Liabilities Long Term Liabilities						2,611,164 95,093 (185,926) (888,050)			2,611,164 95,093 (185,926) (888,050)
						1,632,281			1,632,281
At1 July2020						Unrestricted	Designated	Restncted	Total
						funds	funds	funds	Funds
Investments at valuation-						5	5	6	f
Fixed asset investments Cerrant Assets Current Liabilmes Long Term Liabilities						2,463,831 59017 (3,360) (888,050)			2,463,831 59,017 (3,360) (888,050)
						1,631,438			1,631,438

					year as sho	wn in Note 15,analy	sed by individ	sed by individ	sed by individ	ual funds	ual funds
						Funds brought forward from 2020	Movement in funds in 2021			Transfers between funds in 2021		Funds carried tarwsrd ta 2e22
							See Nate		17
						E		E			E	E
Unrestricted	snd	designated		funds:-
Unrestncted	Revenue Funds					1,631,438			843			1,632,281
Total unrestricted		and designated			funds	1,631,438			843			1,632,281
Total charity	funds					1,631,438			843			1,632,281
Analysis of	movements		in	funds over the year as shown in Note			16

						Other
				Income	Expenditure	Gains 6	Movement
						Losses	m funds
				2021	2021	2021	2021
Unrestricted	snd designated		funds:-	E	E	E	E
Unrestncted	Revenue	Funds		131,906	(131,063)
				131,906	(131,063)		843

	anayss		classsified by conventional	classsified by conventional	classsified by conventional	nominal description	s and not by	activity.
20	Donations,		Grants and Legacies
						Current year Unrestncled Funds	Cunent year Reelncted Funds	Current year Total Funds	Prior Year Total Funds
						2021	2021	2021	2020
	Donations
	Donations
						41,750		41,750	73,500
	Total donations			and gifts from
	individuals					41,750		41,750	73,500
	Total Donations,			Grants and
	Legacies				A1	41,750		41,750	73,500
21	Investment	income
						Current year unreernctec Funds	Current year Keetricreo Funds	Current year Total Funds	Prior Year Total Funds
						2021	2021	2021	2020
Property Rental Other Investment			Income Income			90,156		90,156	72,044
									I5,783
Total investment				income	A4	90,156		90,156	87,827

Current Year			Current year Unreeuicted Funds	Cunent year Restricted Funds	Cun'en t year Total Funds	Prior Year Total Funds
			2021 f	2021 f	2021 6	2020 f
Grants made to	organisations		29,429		29,429	36,506
Total grantmaking	costs	02c	29,429		29429	36 506
Breakdown ofGrants made to		organisations
Current Year			Current year unreetncreu Funds	Current year uestncteu Funds	Cunent year Total Funds
			2021 f	2021 f	2021 6
The Bndge Lane Beth Hamedrash Grants individually below 62,000			9,693 19,536		9,893 19536
			29,429		29,429

SO	RP 2015		expenditure for	the year ended	30June 2021	as requ	ired	by the
23	Support costs	for charitable	activities
	Current Year			Current year unreslnclee Funds	Current year kestnsten Funds	Cunent year Total Funds		Prior Year TotalFunds
				2021	2021	2021		2020
	Financial costs			E	E	E		E
	Bank charges			89			89	79
	Support costs before reallocation			89			89	79
	Total support costs -Current		Year	89			89	79
	All the expenditure	m the pnor year	was unrestncted

24 Other Expenditure -Governance costs	24 Other Expenditure -Governance costs	24 Other Expenditure -Governance costs
Current Year			Current year unrestnctsu Funds	Current year kestncted Funds	Current year TotalFunds	Prior Year Total Funds
			2021	2021	2021	2020
Independent Examineys fees			3,360		3,360	4,390
Total Governance	costs		3,360		3,360	4,380
All the expenditure	in the prior year	wss unrestncted
25 Total Charitable	expenditure
Current Year			Current year unresmclee Funds	Current year kestnstea Funds	Current year Total Funds	Prior Year TotalFunds
			2021	2021	2021	2020
				E	E	E
Total grantmaking costs Total support costs Total Governance costs		B2c B2d B2e	29,429 69 3,360		29,429 89 3,360	36,506 79 4,380
Total charitable expenditure		B2	32,878		32,878	40,965
All the expenditure	In the prior year	was unrestncted
Prior Year			Prior Year unrestnctee Funds	Prior Year kestneted Funds	Prior Year TotslFunds
			2C20	tats	2020
Total grantmsking costs Total support costs Total Governance casts		B2c B2d B2e	36,506 79 4,380		36,506 79 4,380
Total chantable expenditure		B2	40,965		40,965

Current Year	Current year unresuurea Funds	Current year Kesiricrea Funds	0uncut year Total Funds	Prior Year Total Funds
	2021 E	2021 f	2021 E	2020 E
investment management costs Management commission Loan interest Loan arrangement fee Legal and professional fees	35,796 6,200 32,764 592 13,743		35,796 8,200 32,764 592 13,743	22,548 8,347 32,813 592 1,616
Total fundrsisino costs B1	91,095		91,095	63,916
A5 the expenditure in the prior year wss unrestricted

			Current year Unrsvlrlctru Funds	Current year Kestncieu Fuses	Current year Total Funds	Current year Total Funds	Prior Year TolsIFunds
			2021	2021 f		2021 f	2020 E
	Foreign exchange differences Sundry expenses		6,974 116			6,974 116	(385)
	Non charity expenditure	B3b	7,090			7,090	(385)
			Unrestiicled	Restricted
			Funds	Funds	TolalFunds
28	Total ofother expenditure
	Current Year		Current year unrestncteu Fullds	Current year Kestricteu Funds	Cu euiyea TotslFunus		Purr Y rr TotulFunds
			2021	2021 f		2021 f	2020 f
	Non charity expenditure		7,090			7,090	(385)
	Total other expenditure	B3	7,090			7,090	(385)