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|||||Page|
|---|---|---|---|---|
|Reference and administrative||details ofthe Foundation,|its Trustees and advisers||
|Trustees'
report||||2-9|
|Trustees'
responsibilities
statement||||10|
|Independent
auditors'|report|on the financial statements||11 - 14|
|Statement offinancial|activities|||15|
|Balance sheet||||16-17|
|Statement ofcash flows||||18|
|Notes to the financial|statements|||19-32|
##
|Trustees|||Richard Smith CBE|Richard Smith CBE|
|---|---|---|---|---|
||||Donna Green||
||||Charlotte
Brown||
||||Dr Hesham
Abdalla||
||||Caroline Owusu-Bennoah||
||||Catherine
Dale||
||||Richard Evans||
|Company|registered||||
|number|||CE000341||
|Charity registered
number|||1151628||
|Registered||office|The Foundry||
||||17Oval Way||
||||London||
||||SE115RR||
|Independent||auditors|Blick Rothenberg|Audit LLP|
||||Chartered
Accountants||
||||Statutory
Auditor||
||||16Great Queen|Street|
||||Covent Garden||
||||London||
||||WC2B 5AH||
|Bankers|||The Co-operative|Bank Pic|
||||PO Box101||
||||1 Balloon Street||
||||Manchester||
||||M60 4EP||
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||Age (75responses)||Gender (75responses)||Ethnicity (75responses)|Ethnicity (75responses)|
|---|---|---|---|---|---|---|
|21 —24 years||3|Female|59|White|43|
|25-29 years||6|Maie|8|Mixed/Mult|i|
|30-44years||34|Noresponse|8|Slack|5|
|45-59 years||23|||Asian||
|60-64 years||1|||Other||
|65+ye ars||1|||No response||
|No responses||7|||||
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|||||||As restated|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|funds|funds|
||||2023|2023|2023|2022|
|||Note||E|F|f.|
|Income from:|||||||
|Donations
and legacies|||150,000|62,766|212,766|90,429|
|Charitable
activities|||1,073,791||1,073,791|868,073|
|Total income|||1,223,791|62,766|1,286,557|958,502|
|Expenditure
on:|||||||
|Charitable
activities|||933,588|61,211|994,799|636,627|
|Total expenditure|||933,588|61,211|994,799|636,627|
|Net movement
in funds|||290,203|1,555|291,758|321,875|
|Reconciliation
offunds:|||||||
|Total funds brought|forward as||||||
|previously
stated|||708,758||708,758|278,763|
|Prior year adjustment||15|(108,120)||(108,120)||
|Total funds brought|forward as restated|17|600,638||600,638|278,763|
|Net movement
in funds (restated)||17|290,203|1,555|291,758|321,875|
|Total funds carried|forward||890,841|1,555|892,396|600,638,|
##
##
|||||||As restated|
|---|---|---|---|---|---|---|
|||||2023||2022|
|||Note||||E|
|Fixed assets|||||||
|Tangible assets||||10,576||6,794|
|Current assets|||||||
|Debtors||12|102,827||87,630||
|Cash at bank and|in hand||1,774,814||1,635,682||
||||1,877,641||1,723,312||
|Creditors: amounts|falling due within one||||||
|year||13|(841,573)||(861,237)||
|Net current assets||||1,036,068||862,075|
|Total assets less|current liabilities|||1,046,644||868,869|
|Creditors: amounts|falling due after more||||||
|than one year||14||(154,248)||(268,231)|
|Total net assets||||892,396||600,638|
|Charity funds|||||||
|Restricted
funds||17||1,555|||
|Unrestricted
funds||17||890,841||600,638|
|Total funds||||892,396||600,638|
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||||||2023|2022|
|---|---|---|---|---|---|---|
|||||Note||E|
|Cash flows from operating|activities||||||
|Net cash generated
from operating
activities||||18|150,553|767,492|
|Cash flows from investing|activities||||||
|Purchase oftangible
fixed assets|||||(11,421)|(8,572)|
|Net cash used in investing|activities||||(11,421)|(8,572)|
|Cash flows from financing|activities||||||
|Net cash provided
by financing
activities|||||||
|Change
in cash and cash|equivalents
in the year||||139,132|758,920|
|Cash and cash equivalents|at the beginning|ofthe year|||1,635,682|876,762|
|Cash and cash equivalents|at the end ofthe year|||19|1,774,814|1,635,682|
|The notes on pages 19to 32 form part ofthese financial|||statements||||
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||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|
||funds|funds|funds|funds|
||2023|2023|2023|2022|
||E||E||
|Donations||||392|
|Legacies|150,000||150,000|50,000|
|Grants||62,766|62,766|40,037|
|Total 2023|150,000|62,766|212,766|90,429|
|Total 2022|50,392|40,037|90,429||
##
|||||||As|restated|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Total||Total|
|||||funds|funds||funds|
|||||2023|2023||2022|
||||||||E|
|Income|from|charitable|activities|1,073,791|1,073,791||868,073|
|||Unrestricted|Restricted|||
|---|---|---|---|---|---|
|||funds|funds|Total|Total|
|||2023|2023|2023|2022|
|||E||E|E|
|Direct|costs|933,588|61,211|994,799|636,627|
|Total|2022|596,590|40,037|636,627||
##
##
|||Activities||||
|---|---|---|---|---|---|
|||undertaken|Support|Total|Total|
|||directly|costs|funds|funds|
|||2023|2023|2023|2022|
|||E|E|F|E|
|Direct|costs|879,373|115,426|994,799|636,627|
|Total|2022|538,129|98,498|636,627||
|||Total|Total|
|---|---|---|---|
||Activities|funds|funds|
||2023|2023|2022|
|||E|E|
|Staff costs|476,467|476,467|322,813|
|Depreciation|7,639|7,639|5,626|
|Other costs|395,267|395,267|209,690|
||879,373|879,373|538,129|
|||||Total|Total|
|---|---|---|---|---|---|
||||Activities|funds|funds|
||||2023|2023|2022|
||||E||E|
|Staff costs|||62,916|62,916|56,678|
|General|administration||33,160|33,160|32,820|
|Governance||costs|19,350|19,350|9,000|
||||115,426|115,426|98,498|
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|||||2023|2022|
|---|---|---|---|---|---|
|||||E|E|
|Wages and|salaries|||464,375|332,229|
|Social security costs||||39,972|28,595|
|Contribution|to defined|contribution|pension schemes|35,036|18,667|
|||||539,383|379,491|
|2023|2022|
|---|---|
|No.|No.|
|12||
|2023|2022|
|---|---|
|No.|No.|
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|Intangible
assets||
|---|---|
||Computer|
||software|
||E|
|Cost||
|At 1 May 2022|55,783|
|At 30April 2023|55,783|
|Amortisation||
|At 1 May 2022|55,783|
|At 30April 2023|55,783|
|Net book value||
|At 30April 2023||
|At 30 April 2022||
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|||Plant and|Fixtures and||
|---|---|---|---|---|
|||machinery|fittings|Total|
||||E||
||Cost||||
||At 1 May 2022|26,466|1,739|28,205|
||Additions|9,218|2,203|11,421|
||At 30April 2023|35,684|3,942|39,626|
||Depreciation||||
||At 1 May 2022|20,795|616|21,411|
||Charge for the year|6,325|1,314|7,639|
||At 30 April 2023|27,120|1,930|29,050|
||Net book value||||
||At 30April 2023|8,564|2,012|10,576|
||At 30 April 2022|5,671|'1,123|6,794|
|12.|Debtors||||
||||2023|2022|
||||E||
||Due within one year||||
||Trade debtors||87,880|83,251|
||Other debtors||2,577|1,857|
||Prepayments
and accrued income||12,370|2,522|
||||102,827|87,630|
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|||||As restated|
|---|---|---|---|---|
||||2023|2022|
||||E|E|
|Trade creditors|||19,652|12,032|
|Other taxation|and social security||51,889|77,491|
|Accruals and deferred||income|770,032|771,714|
||||841,573|861,237|
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|2023|2022|
|---|---|
|f.||
|154,248|268,231|
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|As||||
|---|---|---|---|
|previously||||
|reported|Adjustment|As|restated|
||||E|
|753,117|108,120||861,237|
##
|||As||||
|---|---|---|---|---|---|
|||previously||||
|||reported|Adjustment|As|restated|
|||F|E|||
|Total|income|1,066,622|(108,120)||958,502|
##
||||As|||
|---|---|---|---|---|---|
||||previously|||
||||reported|Adjustment|As restated|
||||E|E|E|
||Net movement|in funds|429,995|(108,120)|321,875|
||Total 2022|||||
|17.|Statement of|funds||||
||Statement of|funds - current year||||
|Statement|offunds - cu|rrent year|||||
|---|---|---|---|---|---|---|
||||As restated|||Balance at|
||||Balance at 1|||30 April|
||||May 2022|Income|Expenditure|2023|
|||||E|E|E|
|Unrestricted|funds||||||
|General
Funds - ail funds|||600,638|1,223,791|(933,588)|890,841|
|Restricted|funds||||||
|THIS. Institute||||12,489|(12,489)||
|Manchester|Metropolitan|University||9,232|(9,232)||
|The Health|Foundation|||41,045|(39,490)|1,555|
|||||62,766|(61,211)|1,555|
|Total offunds|||600,638|1,286,557|(994,799)|892,396|
##
|Stateme|nt of|funds - prior year|||||
|---|---|---|---|---|---|---|
|||||||As restated|
||||Balance at|As restated||balance at|
||||1 May 2021|Income|Expenditure|30April 2022|
||||E|F|F|F|
|Unrestricted||funds|||||
|General|Funds - all funds||278,763|918,465|(596,590)|600,638|
|Restricted funds|||||||
|THIS. Institute||||40,037|(40,037)||
|Total of|funds||278,763|958,502|(636,627)|600,638|
##
|||||||As restated|
|---|---|---|---|---|---|---|
||||||2023|2022|
||||||E|F|
|Net income for the|year (as per Statement||of Financial|Activities)|291,758|321,875|
|Adjustments
for:|||||||
|Depreciation
charges|||||7,639|5,626|
|Decrease/(increase)|in debtors||||(15,197)|185,466|
|Increase/(decrease)|in creditors||||9,233|(8,184)|
|Increase/(decrease)|in deferred|income|||(142,880)|262,709|
|Net cash provided|by operating|activities|||150,553|767,492|
##
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|||||2023|2022|
|---|---|---|---|---|---|
|||||E|E|
||Cash|in hand||1,774,814|1,635,682|
||Total|cash and cash|equivalents|1,774,814|1,635,682|
|20.|Analysis ofchanges||in net debt|||
|At 1 May||At 30April|
|---|---|---|
|2022|Cash flows|2023|
||E|E|
|E|||
|1,635,682|||
##
|At 30 April 2023 the Foundation
had commitments
to m
cancellable
operating
leases as follows:|ake future
minimum
lease payments
|under
non-|
|---|---|---|
||2023|2022|
||E|E|
|Falling due within one year|||
|Rent payable|4,644|4,644|
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