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|Reference and administrative||details ofthe Charity, its Trustees and advisors||
||||2-4|
|Trustees' report||||
|Independent
auditor's|report|on the financial statements|5-7|
|Statement offinancial|activities|||
|Balance sheet||||
|Notes to the financial|statements||10-1|
|Trustees||N DSleep, Chair||
|---|---|---|---|
|||M M Byrne, Trustee||
|||A R Montgomery,|Trustee|
|||S CSleep, Trustee||
|Charity number||1155564||
|Principal office||1A Burnsall Street||
|||London||
|||SW3 3SR||
|Independent|auditor|Saffery LLP||
|||71Queen Victoria|Street|
|||EC4V48E||
|Bankers||C. Hoare %Co||
|||32 Lowndes Street||
|||London||
|||SW1X9HZ||
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|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2023|2023|2022|
||Note|E|f|E|
|Income from||84,376|84,376|60,156|
|Investments|||||
|Total income||84,376|84,376|60,156|
|Expenditure
on:
Charitable
activities||2,410,542|2,410,542|3,607,013|
|Total expenditure||2,410,542|2,410,542|3,607,013|
|Net expenditure
before gains on investments
Net gains on investments||(2 326 166)
(5,856,569)|(2,326,166)
(s,gse, se9)|(3,546,857)
7,425,133|
|Net movement
in funds||(8,182,736)|(8,182,736)|3,878,276|
|Reconciliation
offunds:
Total funds brought
forward
Net movement
in funds||40,202,449
(8,182,736)|40,202,449
(8,182,736)|36324 173
3878 276|
|Total funds carried forward||32,019,713|32,019,713|40,202,449|
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||||||2023||2022|
|---|---|---|---|---|---|---|---|
||||Note||f||f|
|Fixed assets||||||||
|Investments|||10||28,444,949||37,018,887|
|Non-current|assets|||||||
|Programme|related|investments|||3,000,000||3,000,000|
||||||31,444,949||40,018,887|
|Current assets||||||||
|Debtors||||2,799||149,591||
|Cash at bank|and in|hand||737,006||344,271||
|||||739,805||493,862||
|Creditors: amounts||falling due within||||||
|one year|||12|(165,040)||(160,300)||
|Net current|assets||||574,765||333,562|
|more than one year|||13||||(150,000)|
|Net assets excluding||pension asset|||32019714||40,202,449|
|Total net assets|||||32,019,714||40,202,449|
|Charity funds||||||||
|Restricted
funds|||14|||||
|Unrestricted|funds||14||32,019,714||40,202,449|
|Total funds|||||32,019,714||40,202,449|
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||Analysis of|expenditure|expenditure||on charitable|on charitable|activities|||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||Unrestricted|Total|Unrestricted|Total|
|||||||||funds|funds|funds|funds|
|||||||||2023|2023|2022|2022|
||Governance||costs|||||34,542|34,542|10,513|10,513|
||Grants and|donations||made||||2,376,000|2,376,000|3,596,500|3,596,500|
|||||||||2,410,542|2,410,542|3,607,013|3,607,013|
|5.|Analysis of|Governance|||costs|||||||
|||||||||||2023|2022|
|||||||||||F.|f|
||Audit and accountancy||||fees|||||15,600|10,000|
||Bank charges|||||||||548|513|
||Investment|management|||fees|||||6,258||
||Irrecoverable||taxation|withheld||at source||||12,136||
|||||||||||34,542|10,513|
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|Analysis ofexpenditure
on charitable
activities|||
|---|---|---|
||2023|2022|
|Barking &Dagenham
Youth Zone (No, 1172247)||250,00D|
|Carlisle Youth Zone (No, 1134974)|25,000|25,000|
|Carneys Community
(No. 1150650)|50,000|50,000|
|City Harvest (No. 1163055)|200,000|200,000|
|Climbing Out (No. 1145023)|25,000|25,000|
|Croydon Youth Zone (No. 1173107)|100,000|500,000|
|Cure EB(No. 1158672)||1,000,000|
|Ebony Horse Club (No. 1116027)|50,000|50,000|
|Envision (No. 1095328)|81,000|70,000|
|Free to be Kids (No. 1165678)|50,000|50,000|
|Go Beyond (No, 1080953)|50,000|50,000|
|Harris Federation
(No. 1120150)|200,000|200,000|
|Into Uni (No. 1118525)|100,000||
|Listening
Place (No. 1164739)|100,000|100,000|
|Myotubular
Trust (No. 1137177)|25,000|25,000|
|Onwards
&Upwards
(No. 1194457)|60,000||
|PYCP (No. SC003353)|50,000|50,000|
|SHiFT (No. 1191125)|250,000|250,000|
|Snow-Camp
(No. 1101030)|50,000|50,000|
|Switch180 No. (1101030)||450,000|
|The Queen's Commonwealth
Trust (No. 1172107)|100,000|100,000|
|The Reach Foundation
(No. 1129683)|560,000||
|The Royal Foundation
(No. 1132048)||100,000|
|The Trussell Trust (No. 1110522)|250,000||
|Other Scholarships||1,500|
||2,376,000|3,596,500|
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|Net gains on investments||2023|2022|
|---|---|---|---|
|||E||
|Revaluation
ofinvestments||(5,578,559)|7,425,133|
|Profit/(loss)
on disposal|ofinvestments|(275,288)||
|Profit/(loss)
on currency|revaluations|(2,722)||
|||(5,856,569)|7,425,133|
|Fixed asset investments||||
||||Listed|
||||investments|
|Cost or valuation||||
|At 1April 2022|||37018887|
|Additions|||498,907|
|Disposals|||(3,494,286)|
|Revaluations|||(5,578,559)|
|At 31 March 2023|||28,444,949|
|Net book value||||
|At 31 March 2023|||28,444,949|
|At 31 March 2022|||37,018,887|
|Debtors||||
|||2023|2022|
|Due after more than one year||||
|Programme
related investment||3,000,000
3,000,000|3000000
3,000,000|
|Due within one year||||
|Other debtors||2,799|149,591|
|||3002 799|3,149,591|
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|12.|Creditors: Amounts|Creditors: Amounts|Creditors: Amounts|falling due|within|within|one year|||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||2023|2022|
||Accruals|and deferred income||||||||15,040|10,300|
||Accrued|grants|payable|||||||150,000|150,000|
|||||||||||165,040|160,300|
|13.|Creditors: Amounts|||falling due|after|more than||one year||||
|||||||||||2023|2022|
||||||||||||f|
||Accrued|grants|payable||||||||150,000|
||||||||||||150,000|
|14.|Statement offunds|||||||||||
||Current|year||||||||||
||||||Balance at||||||Balance at|
|||||||1April||||Gains/|31March|
||||||||2022|Income|Expenditure|(losses)|2023|
||Unrestricted
funds||||||||f|E|E|
||General|Funds|—all funds||40,202,449|||84,376|(2,410,542)|(5,856,569)|32,019,713|
||Prior year|||||||||||
||||||Balance at||||||Balance at|
|||||||1April||||Gains/|31March|
||||||||2021|Income|Expenditure|(losses)|2022|
||Unrestricted
funds||||||||E|F|E|
||General|Funds|- all funds||36,324,173|||60,156|(3,607,013)|7,425,133|40,202,449|
|15.|Analysis|ofnet assets between|||funds|||||||
|||||||||Unrestricted|Total|Unrestricted|Total|
|||||||||funds|funds|funds|funds|
|||||||||2023|2023|2022|2022|
||||||||||||f|
||Fixed assets investments|||||||28,444,949|28,444,949|37,018,887|37,018,887|
||Current|assets||||||739,805|739,805|3,493,862|3,493,862|
||Creditors due within|||one year||||(165,040)|(165,040)|(160,300)|(160,300)|
||Creditors due in more than one||||year|||||(150,000)|(150,000)|
|||||||||29,019,714|29,019,714|40,202,449|40,202,449|
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|Reconciliation of net|movement|movement|in funds to net cash flow from operating|activities|||
|---|---|---|---|---|---|---|
||||||2023|2022|
||||||F.|f|
|Net income from the|year (as per||the Statement of Financial Activities)||(8,182,736)|3,878,276|
|Adjustments
for:|||||||
|Fair value gains and|losses|on investments|||5,856,569|(7,425,133)|
|Dividends,
interests|and rents from investments||||(84,376)|(60,156)|
|(Increase)/decrease|in debtors||||146,792|(3,000,000)|
|Increase/(decrease)|in creditors||||(145,260)|307,870|
|Foreign exchange differences|||||(2,721)|71,634|
|Net cash used in operating||activities|||(2,411,732)|(6,227,509)|
|Analysis ofcash and|cash|equivalents|||||
||||||Z023|2022|
|Current account|||||38,004|164,271|
|Deposit account|||||19,800|180,000|
|Cash held with
Killik|(GBP)||||679,202||
|Total cash and cash|equivalents||||737,006|344,271|
|Analysis of changes|in net|debt|||||
||||At 1|April||At 31March|
|||||2022|Cash flows|2023|
||||||f||
|Current account|||164,271||(126,267)|38,004|
|Deposit account|||180,000||(160,200)|19,800|
|Killik (GBP)|||||679,202|679,202|
|Total cash and cash|equivalents||344,271||392,735|737,006|
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