| Page | ||||||
|---|---|---|---|---|---|---|
| Trustees' annual report (incorporating |
the | director's | report) | |||
| Independent examiner's report to the |
trustees | |||||
| Statement offinancial |
activities | (including | income and | |||
| expenditure account) |
||||||
| Statement offinancial |
position | |||||
| Notes to the financial | statements |
| Registered | charity | name | name | The Manny Cussins | The Manny Cussins | Foundation | (a Company | Limited | by Guarantee) | |
|---|---|---|---|---|---|---|---|---|---|---|
| Charity registration | number | 1155281 | ||||||||
| Company | registration | number | 08542451 | |||||||
| Principal office and | registered | C/0 Ford Campbell | Freedman | Limited | ||||||
| office | 2nd Floor | |||||||||
| 33Park Place | ||||||||||
| Leeds | ||||||||||
| LS1 2RY | ||||||||||
| England | ||||||||||
| The trustees | ||||||||||
| Mr Andrew Cussins | ||||||||||
| Mr Ben Cussins | ||||||||||
| Mr Thomas Cussins | ||||||||||
| Mr Adrian Cussins | ||||||||||
| Miss Emily Cussins | ||||||||||
| Mr Christopher | Easton | |||||||||
| Mr Andrew Sacks | ||||||||||
| Ms Jodie Barwick-Bell | ||||||||||
| Mr Nick Cussins | ||||||||||
| Independent | examiner | Dale Coleman | ||||||||
| 2nd Floor | ||||||||||
| 33Park Place | ||||||||||
| Leeds | ||||||||||
| LS1 2RY |
| 2022 | 2022 | 2021 | ||||
|---|---|---|---|---|---|---|
| Unrestricted | ||||||
| Note | funds f |
Total funds f |
Total funds f |
|||
| Income and endowments | ||||||
| Investment income |
5 | 68,664 | 68,664 | 85,635 | ||
| Total income | 68,664 | 68,664 | 85,635 | |||
| Expenditure | ||||||
| Expenditure on raising funds: |
||||||
| Investment management |
costs | 6 | (46,992) | (46,992) | (42,275) | |
| Expenditure on charitable |
activities | 7,8 | (263,383) | (263,383) | (498,487) | |
| Total expenditure | (310,375) | (310,375) | (540,762) | |||
| Net (losses)/gains on investments |
11 | (662,414) | (662,414) | 655,919 | ||
| Net (expenditure)fincome | and net movement | in funds | (904,125) | (904,125) | 200,792 | |
| Reconciliation offunds | ||||||
| Total funds brought forward |
5,783,566 | 5,783,566 | 5,582,774 | |||
| Total funds carried forward | 4,879,441 | 4,879,441 | 5,783,566 |
| Note | 2022 | 2021 f |
||||
|---|---|---|---|---|---|---|
| Fixed assets | ||||||
| Investments | 14 | 3,795,560 | 4,662,150 | |||
| Current assets | ||||||
| Debtors | 15 | 794,808 | 976,477 | |||
| Cash at bank | and in | hand | 588,419 | 622,076 | ||
| 1,383,227 | 1,598,553 | |||||
| Creditors: amounts | falling due within one year | 16 | 299,346 | 477,137 | ||
| Net current assets | 1,083,881 | 1,121,416 | ||||
| Total assets | less current liabilities | 4,879,441 | 5,783,566 | |||
| Net assets | 4,879,441 | 5,783,566 | ||||
| Funds ofthe charity | ||||||
| Unrestricted | funds | 4,879,441 | 5,783,566 | |||
| Total charity | funds | 17 | 4,879,441 | 5,783,566 |
| Investment income |
||||
|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2022 | Funds | 2021 | |
| 5 | F | F | ||
| Income from listed investments | 31,082 | 31,082 | 34,735 | 34,735 |
| Other income | 37,582 | 37,582 | 50,900 | 50,900 |
| 68,664 | 68,664 | 85,635 | 85,635 |
| Unrestricted | Total | Funds | Unrestricted | Total | Funds | ||
|---|---|---|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | ||||
| 5 | F | F | |||||
| Porffolio | management | 46,992 | 46,992 | 42,275 | 42,275 |
| Expend | iture on charitable |
activities by fund type |
|||
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds F. |
2022 6 |
Funds E |
2021 f |
||
| Grants | payable | 246,866 | 246,866 | 474,509 | 474,509 |
| Support | costs | 16,517 | 16,517 | 23,978 | 23,978 |
| 263,383 | 263,383 | 498,487 | 498,487 |
| Expenditure | on charitable |
activities by activity type |
|||
|---|---|---|---|---|---|
| Grant funding | Totalfunds | Total fund | |||
| of activities Support costs F. F |
2022 F |
2021 f |
|||
| Grants payable | 246,866 | 246,866 | 474,509 | ||
| Governance | costs | 16,517 | 16,517 | 23,978 | |
| 246,866 | 16,517 | 263,383 | 498,487 |
| 9. | Analysis of | support costs | |||
|---|---|---|---|---|---|
| Analysis of | |||||
| support costs | |||||
| grants | |||||
| payable | Total 2022 | Total 2021 | |||
| F | 6 | F | |||
| Governance | costs | 12,017 | 12,017 | 12,021 | |
| 10. | Analysis of | grants | |||
| 2022 | 2021 | ||||
| F. | F | ||||
| Grants to institutions | |||||
| Grants to institutions | 246,866 | 474,509 | |||
| Total grants | 246,866 | 474,509 |
| Net (losses)/ | gains on in |
vestme | nts | ||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds 6 |
2022 | Funds 6 |
2021 f |
||||
| Gains/(losses) | on listed investments | (337,336) | (337,336) | 661,869 | 661,869 | ||
| Gains/(losses) | on other investment | ||||||
| assets | (325,078) | (325,078) | (5,950) | (5,950) | |||
| (662,414) | (662,414) | 655,919 | 655,919 | ||||
| Independent | examination | fees | |||||
| 2022 | 2021 | ||||||
| F | |||||||
| Fees payable | to the independent | examiner for: | |||||
| Independent | examination | ofthe | financial | statements | 1,800 | 1,800 | |
| Other financial services | 2,700 | 5,640 | |||||
| 4,500 | 7,440 |
| Listed | |||
|---|---|---|---|
| investments | |||
| F | |||
| Cost orvaluation | |||
| At 1 June | 2021 | 4,662,150 | |
| Additions | 442,068 | ||
| Disposals | (971,322) | ||
| Fair value | movements | (337,336) | |
| At 31 May | 2022 | 3,795,560 | |
| Impairment | |||
| At 1June | 2021 and 31 May 2022 | ||
| Carrying | amount | ||
| At 31 May | 2022 | 3,795,560 | |
| At 31 May | 2021 | 4,662,150 |
| 15. | Debtors | |||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| 5 | ||||||
| Prepayments | and accrued income | 5,808 | 7,477 | |||
| Other debtors | 789,000 | 969,000 | ||||
| 794,808 | 976,477 | |||||
| The debtors above include the following | amounts | falling due after more than one year: | ||||
| 2022 | 2021 | |||||
| F. | ||||||
| Other debtors | 520,000 | |||||
| 16. | Creditors: amounts | falling due within | one year | |||
| 2022 | 2021 f |
|||||
| Accruals and | deferred | income | 299,309 | 477,100 | ||
| Other creditors | 37 | 37 | ||||
| 299,346 | 477, 137 |
| At | Gains and | At | |||||
|---|---|---|---|---|---|---|---|
| 1 | June 2021 f |
Income F. |
Expenditure F |
losses F |
31 May 2022 5 |
||
| General | funds | 5,783,566 | 68,664 | (310,375) | (662,414) | 4,879,441 | |
| At | Gains and | At | |||||
| 1 | June 2020 f |
Income F |
Expenditure F |
losses | 31 May 2021 F |
||
| General | funds | 5,582,774 | 85,635 | (540,762) | 655,919 | 5,783,566 |
| 18. | Analysis of | net ass | e | ts bet | ween funds | ||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | ||||||||
| Funds | 2022 | ||||||||
| F | 6 | ||||||||
| Investments | 3,795,560 | 3,795,560 | |||||||
| Current assets | 1,383,227 | 1,383,227 | |||||||
| Creditors less than | 1 | year | (299,346) | (299,346) | |||||
| Net assets | 4,879,441 | 4,879,441 | |||||||
| Unrestricted | Total Funds | ||||||||
| Funds | 2021 | ||||||||
| F | F | ||||||||
| Investments | 4,662,150 | 4,662,150 | |||||||
| Current assets | 1,598,553 | 1,598,553 | |||||||
| Creditors less than | 1 | year | (477,137) | (477,137) | |||||
| Net assets | 5,783,566 | 5,783,566 | |||||||
| 19. | Financial instruments | ||||||||
| The carrying | amount | for each category of financial | instrument | isas follows | |||||
| 2022 | 2021 | ||||||||
| F | |||||||||
| Financial assets measured | at fair value through | income | and expenditure | ||||||
| Financial assets measured | at fair value through | income and | |||||||
| expenditure | 3,795,560 | 4,662,150 |