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|||Page|
|---|---|---|
|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|
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|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|
##
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|||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|
##
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##
||||Investments
in
subsidiadies|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)|