| Page | |||
|---|---|---|---|
| Reference and administrative | details ofthe Charity, its Trustees and advisers | ||
| Trustees' report | 2-4 | ||
| Trustees' responsibilities statement |
|||
| Independent auditor's |
report | on the financial statements | 6-9 |
| Statement offinancial | activities | 10 | |
| Balance sheet | |||
| Statement ofcash flows |
12 | ||
| Notes to the financial | statements | 13 - 24 |
| Trustees | Nick Sleep, Chair | ||
|---|---|---|---|
| Mark Byrne, Trustee | |||
| Alex Montgomery, | Trustee | ||
| Serits Sleep, Trustee | |||
| Charity registered | |||
| number | 'I155564 | ||
| Principal office | 1A Burnsall Street | ||
| London | |||
| SW33$R | |||
| Independent | auditor | Blick Rothenberg | Audit LLP |
| Chartered Accountants |
|||
| 16Great Queen Street | |||
| Covent Garden | |||
| Landon | |||
| WC2B 5AH | |||
| Bankers | C Hoare & Ca | ||
| 32 Lowndes Street | |||
| London | |||
| SW1X9HZ |
| Total | |||||
|---|---|---|---|---|---|
| Unrestricted | Total | funds | |||
| funds | funds | restated | |||
| 2022 | 2022 | 2021 | |||
| Note | 9 | 9 | |||
| Income from: | |||||
| Investments | 3 | 60,156 | 60,156 | 259,436 | |
| Total income | 60,156 | 60,156 | 259,436 | ||
| Expenditure on: |
|||||
| Charitable activities |
4 | 3,607,013 | 3607013 | 2 988 980 | |
| Total expenditure | 3,607,013 | 3,607,013 | 2,989,980 | ||
| Nst expenditure | before net gains on investments | (3,546,857) | (3,546,857) | (2,729,544) | |
| Nst gains on investmsnts | 9 | 7,425,133 | 7,425,133 | 10,584,636 | |
| Net movement in funds |
3,878,276 | 3,878,276 | 7,855,092 | ||
| Reconciliation offunds: |
|||||
| Total funds brought forward | 36,324,173 | 36,324,173 | 28,459,081 | ||
| Nst movement in |
funds | 3,878,276 | 3,878,276 | 7,855,092 | |
| Total funds carried forward | 40,202,449 | 40,202,449 | 36,324,173 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Note | 6 | ||||||
| Fixed assets | |||||||
| Investments | 10 | 37,018,887 | 35,366,982 | ||||
| 37,018,887 | 35,366,962 | ||||||
| Current assets | |||||||
| Debtors | 11 | 3,149,591 | 266,216 | ||||
| Cash at bank and | in hand | 344,271 | 693,403 | ||||
| 3,493,862 | 959,621 | ||||||
| Creditors: amounts | falling due within one | ||||||
| year | 12 | (160,300) | (2,430) | ||||
| Net current assets | 3,333,562 | 957,191 | |||||
| Creditors: amounts | falling due after more | ||||||
| than one year | 13 | (150,000) | |||||
| Net assets excluding | pension asset | 40,202,449 | 36,324,173 | ||||
| Total net assets | 40,202,449 | 36,324,173 | |||||
| Charity funds | |||||||
| Restricted funds |
14 | ||||||
| Unrestricted funds |
14 | 40,202,449 | 36,324,173 | ||||
| Total funds | 40,202,449 | 36,324,173 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| 2 | ||||
| Cash flows from operating | activities | |||
| Net cash used in operating | activities | (6,227,509) | (3,152,526) | |
| Cash flows from investing | activities | |||
| Proceeds from sale ofinvestments | 6,668,519 | 993,852 | ||
| Investment income received |
60,'I 56 | 259,436 | ||
| Purchase ofinvestments | (999,889) | |||
| Net cash provided by investing activities |
5,728,786 | 1,253,288 | ||
| Cash flows from financing | activities | |||
| Net cash provided by financing activities |
||||
| Change in cash and cash |
equivalents in the year |
(498,723) | (1,899,238) | |
| Cash and cash equivalents | at the beginning | ofthe year | 693,403 | 2,776,771 |
| Short term deposits included | in current asset investments | 149,591 | (184,130) | |
| Cash and cash equivalents | at the end ofthe year | 344,271 | 693,403 | |
| The notes on pages 13to 24 form part ofthese financial statements |
| Unrestricted | Total | ||
|---|---|---|---|
| funds | funds | ||
| 2021 | 2021 | ||
| 5 | 5 | ||
| Income | from listed investments | 259,201 | 259,201 |
| Interest | recervable | 235 | 235 |
| 259,436 | 259,436 |
| Unrestricted | ||||
|---|---|---|---|---|
| funds | Total | |||
| 2022 | 2022 | |||
| 5 | F | |||
| Governance | costs | 10,513 | 10,513 | |
| Grants end | donations | made | 3,596,500 | 3,596,500 |
| 3,607,013 | 3,607,013 | |||
| Unrestricted | ||||
| funds | Total | |||
| 2021 | 2021 | |||
| 6 | 8 | |||
| Governance | costs | 10,980 | 10,980 | |
| Grants and | donations | made | 2,978,000 | 2,978,000 |
| 2,988,980 | 2,988,980 |
| Analysis ofGovernance costs | ||
|---|---|---|
| 2022 | 2021 | |
| 8 | ||
| Audit fees | 10,000 | 1,830 |
| Professional fees | 8,716 | |
| Sark charges | 513 | 434 |
| 10,513 | 10,980 |
| 6. | Analysis ofGrants snd donations |
made | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| 6 | 6 | |||
| Carneys Community (No.1150650) |
50,000 | 45,000 | ||
| Climbing Out (No.1145023) |
25,000 | 25,000 | ||
| Harris Federation (No.1120150) |
20D,ODO | 200,000 | ||
| City Harvest (No.1163055) | 200,000 | 200,000 | ||
| Snow-Camp (No.1101030) |
5D,ODO | 50,000 | ||
| Go Beyond (No,1080953) | SD,DDO | 50,000 | ||
| Croydon Youth Zone (No.1173107) |
50D,DOO | 400,000 | ||
| Carlisle Youth Zone (No.1134974) | 25,0DO | 25,000 | ||
| Myotubular Trust (No.1137177) |
25,0DO | 25,000 | ||
| Reach Foundation (No. 1129683) |
370,000 | |||
| The Royal Foundation (No.1132048) |
10D,ODO | 100,000 | ||
| Ebony Horse Club (No. 1116027) | 50,000 | 50,000 | ||
| Oueen's Commonwealth Trust (No. |
1172107) | 100,000 | 100,000 | |
| Mental Health Innovations (No.1175670) |
500,000 | |||
| Myeloma UK (No. SC026116) |
100,000 | |||
| Barking 8 Dagenham Youth Zone (No, 1172247) |
250,000 | 150,000 | ||
| SHiFT (No. 1191125) | 250,000 | 250,000 | ||
| Royal Trinity Hospice (No. 1013945) | 100,000 | |||
| Glass Door Homeless (No. 1083203) |
100,000 | |||
| Envision (No.1095328) | 70,000 | 80,000 | ||
| PYCP (No. SC003353) | 50,000 | 50,000 | ||
| Homeless Pediod - Wolverhampton |
(No. 1183408) | 5,000 | ||
| Free to be Kids (No.1165678) | 50,000 | |||
| Cure EB(No.1158672) | 1,0DO,DOO | |||
| The Listening Place (No.1164739) | 1OD,DDD | |||
| Switch180 No.(1101030) | 450,DOD | |||
| Other Scholarships | 1,500 | 3,000 | ||
| 3,596,50D | 2,978,000 |
| Net gains | on in | vestm | ents | |||||
|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||
| 6 | ||||||||
| Revaluation | and | profit | on | dispoal | of | investments | 7,425,133 | 10,564,636 |
| 7,425,133 | 10,584,636 |
| Listed | |
|---|---|
| investments | |
| Cost or valuation | |
| At 1 April 2021 | 35,366,982 |
| Additions | 999,689 |
| Disposals | (9,147,786) |
| Revaluations | 9,799,602 |
| At 31 March 2022 | 37,018,887 |
| Net book value | |
| At 31 March 2022 | 37,018,887 |
| At 31 March 2021 | 35,366,982 |
| 2022 | 2021 | ||
|---|---|---|---|
| f | 8 | ||
| Due after mors | than one year | ||
| Social Investment | -loan to chadty | 3,00D,DDD | |
| 3,00D,000 | |||
| Due within one | year | ||
| Other debtors | 149,591 | 266,218 | |
| 3,149,591 | 266,218 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| 6 | 6 | |||
| Accruals | and deferred | income | 10,300 | 2,430 |
| Accrued | grants payable | 150,DDD | ||
| 160,300 | 2,430 |
| 2022 | 2021 |
|---|---|
| 6 | |
| 150,00D |
| Balance at | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Balance at 1 | Gains/ | 31 March | |||||||
| April 2021f | Income f |
Expenditure | (Losses) f |
2022 E |
|||||
| Unrestricted | funds | ||||||||
| General | Funds - all funds | 36,324,173 | 60,156 | (3,607,013) | 7,425,133 | 40,202,449 | |||
| Statement | of | funds «prior year | |||||||
| Balance at | |||||||||
| Balance at | Gains/ | 31 March | |||||||
| 1 April 2020 | Income | Expenditure | (Losses) | 2021 | |||||
| E | E | E | E | ||||||
| Unrestricted | funds | ||||||||
| General | Funds | - all funds | 28,469,081 | 259,436 | (2,988,98D) | 1D,584,636 | 36.324,173 |
| Analysis | of net assets between funds - current year |
||
|---|---|---|---|
| Unrestricted | Total | ||
| funds | funds | ||
| 2022 | 2022 | ||
| E | E | ||
| Fixed asset investmenia | 37,018,887 | 37,018,887 | |
| Current | assets | 3,493,862 | 3,493,862 |
| Creditors | due within one year | (160,3DO) | (160,300) |
| Creditors | due in more than one year | (150,000) | (150,000) |
| Total | 40,202,449 | 40,202,449 |
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| 2021 | 2021 | |
| Fixed asset investments | 35,366,982 | 35,366,982 |
| Current assets | 959,621 | 959,621 |
| Creditors due within one year | (2,430) | (2,430) |
| Total | 36,324,173 | 36,324,173 |
| 16, | Reconciliation ofnet movement |
Reconciliation ofnet movement |
in funds to net cash flow from operating | in funds to net cash flow from operating | activities | |
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| 6 | ||||||
| Net income for the year (as per Statement of Financial | Activities) | 3,876,276 | 7,855,092 | |||
| Adjustments for: |
||||||
| Fair value gains and losses on investments | (7,425,133) | (10666 724) | ||||
| Dividends, interests and rents |
from | investments | (60,156) | (259,436) | ||
| (increase) in debtors |
(3,000,000) | |||||
| Increase in creditors |
307,870 | 630 | ||||
| Foreign exchange differences | 71,634 | (82,088) | ||||
| Net cash used in operating |
activities | (6227,509) | (3,152,526) | |||
| 17. | Analysis ofcash and cash equivalents | |||||
| 2022 | 2021 | |||||
| 6 | ||||||
| Cash in hand |
344,271 | 693,403 | ||||
| Total cash and cash equivalents | 344,271 | 693,403 |
| At 1 April | At 31 March | |||||||
|---|---|---|---|---|---|---|---|---|
| 2021 | Cash flows | 2022 | ||||||
| 6 | 6 | |||||||
| Cash | at | bank | and | in | hand | 693,403 | (349,132) | 344,2'71 |
| 693,463 | (349,132) | 344,271 |