## ## ||||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| ## ##