2023-03-31-accounts - Parabola Foundation

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				Tots I	Total
				Unrestricted	Unrestricted
				Funds	Funds
				Year ended 31	Year ended 31
				March 2023	March 2022
			Mote	6	8
Income from:
Donations and legacies				513,750	500,000
Interest and	Investments			271	28
Total income				614,021	500,028
Expenditure	on:
Charitable activities:
Support other	charitable	objectives to benefit the
wider public				(440,767)	(620,010)
~tt t * dlt				440 767	620 010
Net movement	in funds			73,254	(119,982)
Reconciliation	of funds
Total deficit brou ht forward				797,918	677,936
Total deficit carried forward				724,664	797,918

							Unrestricted	Unrestricted
							funds	funds
					Note		2023	2022
								5
Current assets
Cash at bank							29,626	205,022
Debtors							93,760
							123,276	205,022
Liabilities
Creditors - amounts			falling due within			5	(182,940)	(317,940)
one year
							(182,940)	(317,940)
Net current (liabilities)l assets							(69,664)	(112,918
Creditors —amounts			falling due	in
more than one		ear					(665,000)	(685,000)
Net liabilities							724,664	797918
The funds of Unrestricted	the charity deficit funds						724 664	797,918
Total charit		deficit) funds					(724,664)	(797,918)

						2023	2022
				Note
Cash flows from operating		activities:
Cash generated	from operations					(175,767)	(364,710)
6 t 6 d	I I Id	d 6	tl	6	4	176767	~3647tdr
Cash flows from financing		activities:
Interest received						271	28
Net cash provided by financing			activities			271	28
(Decrease)/Increase in cash		and	cash
equivalents in the year						(175,496)	(364,682)
Cash and cash equivalents		at the	start of the			205,022	569,704
eaf
Cash and cash	equivalents	at the end of the
year						29,526	205,022
Relating to:
Cash at bank						29,526	205,022
Total cash and	cash equivalents					29,526	205,022

Governance	costs are ma	de up as follows
			Tota I	Total
			Unrestricted	Unrestricted
			Funds	Funds
			Year ended 31	Year ended 31
			March 2023f	March 2022f
Fees paid	to independent	examiner	2,760	2,940
Le al and	rofessional fees		1,487	4,685
			4,247	7,625
Donations.
			Tota I	Total
			Unrestricted	Llnrestncted
			Funds	Funds
			Year ended 31	Year ended 31
			March 2023f	March 2022f
Amounts	paid to Institutions:
Creative	Arts		406,000	582,795
Other			30250	29,590
			436,250	612,385
Institutions:
Kings Place Music Foundation			315,000	475,000
Ruwenzon			36,000	36,000
Poverty	Relief Foundation		20,000	24,000
Other			65 250	77,385
			436,250	612,385

		Incoming Resources	Resources Expended	Movement in funds	Movement in funds
		6	8
Unrestricted	funds
General Fund		514,021	~440 767	73	254
Total funds		514,021	440,767	73	254

.Analysis	.Analysis	of charitable funds (contin	ued)
Net Asset		by fund
2023
			Unrestncted funds	Total funds
			6
Net current		(liabilities)	(59.664)	(59,664)
Lon	term	liabilities	665,000	665,000
			724,664	724,664
2022
			Unrestricted funds	Total funds
			6	f
Net current		liabilities	(112,918)	(112,918)
Lon	term	liabilities	685,000	685,000
			797918	797,918

econciliati	on of net move	ment In funds to net cash	from operating activities
			31 March	31 March
			2023	2022
			6
Net movement in funds			73,254	(119,982)
Deduct interest receivable			(271)	(28)
(Increase)	in debtors		(93,750)
Decrease	in creditors		155000	244,700
Net cash	(used)l provided	by operating
activities			175767	364,710