| CONTENTS | Page | ||
| The Trustees' | Annual | Report | |
| Independent | Auditor's | report to the Trustees | 9 |
| Statement of | Financial | Activities | 15 |
| Balance Sheet | 16 | ||
| Statement of | Cash Flows | 17 | |
| Notes to the Accounts | 18 |
| (including income and expenditure |
(including income and expenditure |
(including income and expenditure |
account) | ||
|---|---|---|---|---|---|
| for the year ending 31March 2022 | |||||
| Unrestricted | Unrestrrcted | ||||
| funds | funds | ||||
| Notes | 2022 | 2021 | |||
| INCOME | |||||
| Donations and legacies |
610,815 | 712,629 | |||
| Investment income |
4,135 | 3,827 | |||
| TOTAL INCOME | 614,950 | 716;456 | |||
| EXPENDITURE | |||||
| Expenditure on raising |
funds | (48,612) | (44,525) | ||
| Expenditure on charitable activities |
(134,587) | (747,935) | |||
| TOTAL EXPENDITURE | (183,199) | (792,460) | |||
| Net (losses)/gains on investments |
(5,726) | 49,215 | |||
| Net income/(expenditure) | 426,025 | (26,790) | |||
| Net movement in funds |
426,025 | (26,790) | |||
| RECONCILIATION | OF FUNDS | ||||
| Fund balance brought forward at beginning |
ofyear | 643,587 | 670,377 | ||
| Fund balance carried forward | at end ofyear | 1,069,612 | 643,587 |
| BALANCE SHEET | |||
|---|---|---|---|
| as at 31March 2022 | |||
| 2022 | 2021 | ||
| Noies | |||
| FIXEDASSETS | |||
| Investments | 245,969 | 250,419 | |
| CURRENT ASSETS | |||
| Debtors: Gift Aid recoverable | 35,071 | 36,569 | |
| Loans &other receivables | 3,498 | 4,488 | |
| Cash at bank and in hand | 791074 | 359357 | |
| TOTAL CURRENT ASSETS | ~829643 | 400 414 | |
| CURRENT LIABILITIES | |||
| Creditors falling due within one year |
10 | (6,000) | (7,246) |
| NET CURRENT ASSETS | 023643 | 393368 | |
| NET ASSETS | 1,069,612 | 643,587 | |
| The Funds ofthe charity: | |||
| Unrestricted | 1,069,612 | 643,587 | |
| TOTAL CHARITY FUNDS | 1 069612 | 643587 |
| STATEMENT OF CASH FLOWS | STATEMENT OF CASH FLOWS | STATEMENT OF CASH FLOWS | STATEMENT OF CASH FLOWS | STATEMENT OF CASH FLOWS | ||||
|---|---|---|---|---|---|---|---|---|
| for the year ending 31 | March 2022 | |||||||
| Notes | 2022 | 2021 | ||||||
| Cash generated | by/(used | in) operating | activities | 11 | 428,858 | (79,607) | ||
| Cash flows from investing | activities | |||||||
| Investment and |
other income | 4,135 | 3,827 | |||||
| Proceeds from | sale ofinvestments | 29,779 | 15,368 | |||||
| Purchase ofinvestments | (11,301) | (35,992) | ||||||
| Movement in cash held on |
investment | ~19754 | 19167 | |||||
| Cash provided | by investing activities |
2,859 | 2,370 | |||||
| Increase /(decrease) in cash and |
cash | 431,717 | (77,237) | |||||
| equivalents in |
the year | |||||||
| Cash and cash | equivalents | at the | beginning | of | 359,357 | 436,593 | ||
| year | ||||||||
| Total cash and | cash equivalents | at end | ofyear | ~791074 | 359357 | |||
| Comprising: | ||||||||
| Cash at Bank | ~791074 | 359357 |
| 5. DONATIONS AND LEGACIES |
5. DONATIONS AND LEGACIES |
5. DONATIONS AND LEGACIES |
||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Gifts, donations, legacies and grants |
575,744 | 676,060 | ||||
| Gift relief recoverable from |
HMRC | 35,071 | 36,569 | |||
| ~610815 | 712629 | |||||
| 6. EXPENDITURE ON RAISING FUNDS | ||||||
| 2022 | 2021 | |||||
| Fundraising costs |
2,462 | 2,681 | ||||
| Bank and investment management |
fees | 2,852 | 3,058 | |||
| Salaries &HMRC deductions | 43,298 | 38,786 | ||||
| 4~8612 | 44525 | |||||
| Salary costs include National | Insurance | contributions | ofK2,893 | (2020-21f2,388), | and | |
| employer pension costs off733(2020-21 f596). |
||||||
| 2022 | 2021 | |||||
| 8 | ||||||
| Key management personnel |
costs | 4~3298 | 38 786 | |||
| 7.EXPENDITURE ON CHARITABLE ACTIVITIES | ||||||
| 2022 | 2021 | |||||
| 8 | ||||||
| Donations to Future Hope (India) | 115,300 | 733,952 | ||||
| Volunteer Expenses | 4,828 | 7,626 | ||||
| Audit Fees | 6,000 | 6,000 | ||||
| Governance Costs &other |
Fees | 8,459 | 357 | |||
| ~134587 | 747935 |
| 8. INVESTMENT | S ( | Inclu | des cash/deposit accounts with Inv |
estment Manager) |
|
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| g | |||||
| Balance brought | forward | 250,419 | 199,747 | ||
| Purchase ofinvestments | 11,301 | 35,992 | |||
| Sale ofinvestments | (29,779) | (15,368) | |||
| Movement in cash |
holding | 19,754 | (19,167) | ||
| (Loss)/gain on revaluation |
(5,726) | 49,215 | |||
| Balance carried forward | 245,969 | 250,419 | |||
| Analysis ofinvestment | market value at 31 March 2022: | ||||
| 2022 | 2021 | ||||
| Equities | |||||
| UK | 55,824 | 66,904 | |||
| Global/Overseas | 108,199 | 118,599 | |||
| Bond Funds | |||||
| UK | 41,011 | 44,223 | |||
| Global/Overseas | 8,061 | 8,582 | |||
| Property —UK investment | fund | 5,919 | 4,909 | ||
| Cash | 26,955 | 7,201 | |||
| Total | 245,969 | 250,419 |
| 2022 | 2021 | |
|---|---|---|
| Baillie Gifford American Wl | 15,338 | 19,144 |
| Fidelity UK Moneybuilder Inc |
16,120 | 17,393 |
| Artemis US Select | 13,642 | 12,154 |
| Jupiter Fund Mgrs UK Mid Cap* | 0 | 15,821 |
| JP Morgan UK Corp Bonds* | 10,358 | 11,202 |
| Cash | 26,956 | 7,201 |
| 2022 | 2021 | ||
|---|---|---|---|
| Loan receivable | 3,498 | 4,398 | |
| Prepayment | ofPayroll Expenses | 0 | 90 |
| 3,498 | 4,488 | ||
| 0.CREDIT | ORS | ||
| 2022 | 2021 | ||
| 8 | |||
| Audit fees | 6,000 | 6,000 | |
| Salaries due | and payable | 0 | 1,246 |
| 6,000 | 7,246 |
| 1.CASH USED IN OPERATING AC | TIVITIES | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Net income/(expenditure) | 426,025 | (26,790) | |
| Deduct interest/investment income |
(4,135) | (3,827) | |
| Add back losses/deduct gains on investments |
5,726 | (49,215) | |
| Decrease/(increase) in debtors |
2,488 | (1,413) | |
| (Decrease)/increase in creditors |
(1,246) | 1,639 | |
| Net cash generated by/(used in) operating |
activities | 428,858 | (79,607) |