2023-01-31-accounts - The Michael Norgrove Foundation

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

		Pages
Trustees' Annual Report
Independent Examiner's	Report
Statement ofFinancial Activities
Balance Sheet
Notes tothe Accounts		6to9
Detailed Statement ofFinancial Activities		10

forthe year end	ed $1january 202$
		Unreaofcted
		funds	Total funds	Total funds
		202$	202$	2022
		f	f	E
Income and endowments
from
Oonations and	legacies		50
Total		50	50
Expenditure on:
Other
Total
Net gains on investments
Net expenditure		(350)	(350)
Transfers between funds
Net expenditure gains/(losses)	before other	(350)	(350)
Other gains and	losses
Net movement	ln funds	(350)	(350)
Reconciliation offunds:
Total funds brought forward		19,9$2	19,932	19,932
Total funds carried forward		19,582	19582	19932

The Michael Norgrcnre Foundation Balance Sheet at 31january 2023	The Michael Norgrcnre Foundation Balance Sheet at 31january 2023
Charity No. 1155487			2023	2022
			f	f
Current assets
Cash at bank and in hand			25,732	25,682
			25,732	25,682
Creditors: Amount	falling due within one year	6	(6,150)	(5,750)
Net current assets			19,582	19,932
Total assets less current liabilities			19,582	19,932
Net assets excluding pension asset or liability			19,582	19,932
Total net assets			19,382	19,932
The funds ofthe charity
Restricted funds
Unrestricted funds
General funds			19,582	19,932
			19,582	19,932
Reserves
Total funds			19,382	19,932

Expenditure
Recognition	of	Expenditure is recognised on an accruals basis. Expenditure includes any VAT which
expenditure		cannot be fully recovered, and is reported as part ofthe expenditure to which it
		relates.
Expenditure	on	These comprise the costs associated with attracting voluntary	income, fundraising
raising funds		trading costs and investment management costs.
Expenditure	on	These comprise the costs incurred by the Charity in the delivery ofits activities and
charitable activities		services in the furtherance ofits objects, including the making	ofgrants and
		governance costs.
Grants payable		All grant expenditure isaccounted for on an actual paid basis	plus an accrual for
		grants that have been approved by the trustees atthe end of	the year but not yet
		paid.
Governance	costs	These include those costs associated with meeting the constitutional and statutory
		requirements ofthe Charity, including any audit/independent	examination fees,
		costs linked tothe strategic management ofthe Charity, together with a share of
		other administration costs.
Other expenditure		These are support costs not allocated to a particular activity.