Charity registration number: 1160417
## The Anthony Knights Foundation Trust
Annual Report and Financial Statements
for the Year Ended 5 April 2023
## **The Anthony Knights Foundation Trust**
## **Contents (continued)**
|Reference and Administrative Details|1|
|---|---|
|Trustees' Report|2 to 4|
|Statement of Trustees' Responsibilities|5|
|Independent Examiner's Report|6|
|Statement of Financial Activities|7|
|Balance Sheet|8|
|Notes to the Financial Statements|9 to 24|
## **The Anthony Knights Foundation Trust**
## **Reference and Administrative Details**
**Chief Executive Officer** N Banger **Trustees** A C Knights, Chairman J Burrows, Secretary P South V Patel G O'Shea J M Knights **Charity Registration Number** 1160417 **Principal Office** Unit 21, Trafalgar Way Camberley Surrey GU15 3BN **Independent Examiner** Stewart & Co Accountants LLP Knoll House Knoll Road Camberley Surrey GU15 3SY
Page 1
## **The Anthony Knights Foundation Trust**
## **Trustees' Report**
The trustees present the annual report together with the financial statements of the charity for the year ended 5 April 2023.
## **Objectives and activities**
## _**Objectives and aims**_
The Anthony Knights Foundation Trust is a children's charity based in Camberley, Surrey. The Foundation is about increasing positive experiences for children throughout Surrey, Hampshire and Berkshire who are terminally ill, disabled or living in extreme poverty.
The objectives of the Foundation are: to promote health and education; and the relief of those in need by reason of youth age ill health disability financial hardship or other disadvantage.
The Foundation's aim is to provide much needed specialist equipment, practical help and memorable childhood experiences.
The Foundation also aims to build the self-esteem of disadvantaged children and to assist siblings and families to cope with the everyday pressures.
## _**Public benefit**_
The trustees confirm they have discussed the issue of public benefit and are confident that the breadth and scope of the work the charity undertakes complies with Section 17 of the Charities Act 2011 and has due regard to the Charity Commission's general guidance on public benefit.
## **Structure, governance and management**
## _**Nature of governing document**_
The charity is controlled by its governing document, a constitution, and is a Charitable Incorporated Organisation (CIO).
## _**Recruitment and appointment of trustees**_
Trustees are active members who have proved themselves to be dedicated and committed to the cause of the charity. The trustees are subject to election having regard to skills, knowledge and experience needed for the effective administration of the charity.
Trustees are appointed for a term of 3 years by a resolution passed at a properly convened meeting of the charity trustees. There is opportunity for re-election at the end of the 3 year term. The board of trustees is responsible for appointing new trustees. Recruitment is often through recommended personnel, however consideration is made of those who offer their services. In selecting individuals for appointment as trustees, the charity trustees must have regard for the skills, knowledge and experience needed for the effective administration of the CIO.
There must be at least 3 charity trustees. If the number falls below this minimum, the remaining trustee or trustees may act only to call a meeting of the charity trustees, or to appoint a new charity trustee
Page 2
## **The Anthony Knights Foundation Trust**
## **Trustees' Report (continued)**
## **Financial review**
Donations and legacies have increased to the charity in this financial year. Expenditure has also increased, however due to the significant increase in donations received the charity has improved the funds position. Total funds at the end of the year are £314,890 (2022: £192,426) of which unrestricted funds are £286,026 (2022: £159,226).
In addition, expenditure has also increased in the year, but despite this, the charity has still managed to report a positive movement in funds for the year of £122,464 (2021: £77,031), increasing funds carried forward to £314,890 (2021: £152,846) of which £286,025 (2021: £120,397) are unrestricted.
## _**Policy on reserves**_
In order to ensure operations can continue without interruption or harm to the charity's service, the charity aims to ensure a minimum reserve level of £50,000. This exceeds the required reserve level that equals three months operating costs and will be held in the charity's reserve high interest Lloyds bank accounts.
## _**Investment policy and objectives**_
The governing document allows the charity a wide range of investment powers. The current investment policy is to place funds in excess of short term commitments in high interest Lloyds bank accounts. This ensures a prudent approach to managing the charities finances and maximisation of income. In the absence of specific conditions from funders, accrued interest is treated as unrestricted income.
## **Financial instruments**
## _**Objectives and policies**_
The charity’s activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity’s policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes.
## _**Cash flow risk**_
In the unlikely event of cash flow problems, the reserve funds will be used. In the future interest-bearing assets and liabilities will be held at fixed rate to ensure certainty of cash flows.
## _**Credit risk**_
The charity’s principal financial assets are bank balances and cash, trade and other receivables, and investments. During the year, the charity has no bank loans, loans or overdrafts.
The charity has no significant concentration of credit risk.
## **Employment of disabled persons**
The Anthony Knights Foundation Trust operated an equal opportunities policy.
## **Creditor payment policy**
Payments are made within 30 days to suppliers.
## **Environmental policy**
The charity recognises that its activities have a direct and indirect impact on the environment and recognises its responsibility to ensure sound environmentally and socially responsible practices in all of its activities.
Page 3
## **The Anthony Knights Foundation Trust**
## **Trustees' Report (continued)**
The annual report was approved by the of the charity on 15 January 2024 and signed on its behalf by:
......................................... A C Knights Trustee
Page 4
## **The Anthony Knights Foundation Trust**
## **Statement of Trustees' Responsibilities**
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
The financial statements on pages 7 to 24 were approved by the trustees, and authorised for issue on 15 January 2024 and signed on their behalf by:
......................................... A C Knights Trustee
Page 5
## **The Anthony Knights Foundation Trust**
## **Independent Examiner's Report to the trustees of The Anthony Knights Foundation Trust**
I report to the trustees on my examination of the accounts of The Anthony Knights Foundation Trust for the year ended 5 April 2023.
## **Responsibilities and basis of report**
As the charity trustees of The Anthony Knights Foundation Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the The Anthony Knights Foundation Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
Since The Anthony Knights Foundation Trust's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of The Anthony Knights Foundation Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
...................................... C A Ryan, ACA ICAEW
Knoll House Knoll Road Camberley Surrey GU15 3SY
15 January 2024
Page 6
## **The Anthony Knights Foundation Trust**
## **Statement of Financial Activities for the Year Ended 5 April 2023**
|**Note**
**Income and Endowments from:**
Donations and legacies
2
Charitable activities
3
Other trading activities
4
Other income
5
Total Income
**Expenditure on:**
Raising funds
6
Charitable activities
7
Total Expenditure
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
19
**Note**
**Income and Endowments from:**
Donations and legacies
2
Charitable activities
3
Other trading activities
4
Other income
5
Total Income
**Expenditure on:**
Raising funds
6
Charitable activities
7
Total Expenditure
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
19|**Unrestricted**
**£**
295,265
17,477
1,333
18,343
332,418
(128,004)
(77,615)
(205,619)
126,799
159,226
286,025
**Unrestricted**
**£**
149,039
27,902
2,804
10,664
190,409
(135,313)
(16,267)
(151,580)
38,829
120,397
159,226|**Restricted**
**£**
16,344
-
-
-
16,344
(648)
(20,031)
(20,679)
(4,335)
33,200
28,865
**Restricted**
**£**
14,503
-
-
-
14,503
(2,648)
(11,104)
(13,752)
751
32,449
33,200|**Total**
**2023**
**£**
311,609
17,477
1,333
18,343|
|---|---|---|---|
||||348,762|
||||(128,652)
(97,646)|
||||(226,298)|
||||122,464
192,426|
||||314,890|
||||**Total**
**2022**
**£**
163,542
27,902
2,804
10,664|
||||204,912|
||||(137,961)
(27,371)|
||||(165,332)|
||||39,580
152,846|
||||192,426|
All of the charity's activities derive from continuing operations during the above two periods.
The notes on pages 9 to 24 form an integral part of these financial statements. Page 7
## **The Anthony Knights Foundation Trust**
## **(Registration number: 1160417) Balance Sheet as at 5 April 2023**
|**Note**
**Fixed assets**
Intangible assets
13
Tangible assets
14
Investments
15
**Current assets**
Debtors
16
Cash at bank and in hand
**Creditors: Amounts falling due within one year**
17
**Net current assets**
**Total assets less current liabilities**
**Creditors: Amounts falling due after more than one year**
18
**Net assets**
**Funds of the charity:**
**Restricted income funds**
Restricted funds
**Unrestricted income funds**
Unrestricted funds
**Total funds**
19|**2023**
**£**
1,598
220,669
1
222,268
45,666
139,526
185,192
(69,149)
116,043
338,311
(23,421)
314,890
28,865
286,025
314,890|**2022**
**£**
2,726
232,418
1|
|---|---|---|
|||235,145|
|||41,180
59,934|
|||101,114
(80,197)|
|||20,917|
|||256,062
(63,636)|
|||192,426|
|||33,200
159,226|
|||192,426|
The financial statements on pages 7 to 24 were approved by the trustees, and authorised for issue on 15 January 2024 and signed on their behalf by:
.........................................
A C Knights Trustee
The notes on pages 9 to 24 form an integral part of these financial statements. Page 8
## **The Anthony Knights Foundation Trust**
## **Notes to the Financial Statements for the Year Ended 5 April 2023**
## **1 Accounting policies**
## **General information**
The charity is a registered charity in England and Wales and is a Charitable Incorporated Organisation (CIO), charity number 1160417.
The address of the principal office is Unit 21, Trafalgar Way, Camberley, Surrey, GU15 3BN.
## **Statement of compliance**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **Basis of preparation**
The Anthony Knights Foundation Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Monetary amounts in these financial statements have been rounded to the nearest £.
## **Going concern**
The financial statements have been prepared on a going concern basis.
The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
## **Exemption from preparing group accounts**
The charity has taken advantage of the exemption from the requirement to prepare consolidated financial statements, on the grounds that the aggregate gross income of the group is less than £1 million after consolidation adjustments.
## **Income and endowments**
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Page 9
## **The Anthony Knights Foundation Trust**
## **Notes to the Financial Statements for the Year Ended 5 April 2023 (continued)**
## _**Donations and legacies**_
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
## _**Grants receivable**_
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
## _**Deferred income**_
Deferred income represents amounts received for future periods and is released to incoming resources in the period for which, it has been received. Such income is only deferred when:
- The donor specifies that the grant or donation must only be used in future accounting periods; or - The donor has imposed conditions which must be met before the charity has unconditional entitlement.
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
## _**Raising funds**_
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
## _**Charitable activities**_
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## **Support costs**
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
## **Governance costs**
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’ meetings and reimbursed expenses.
## **Government grants**
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.
Page 10
## **The Anthony Knights Foundation Trust**
## **Notes to the Financial Statements for the Year Ended 5 April 2023 (continued)**
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Intangible assets**
Intangible assets are stated in the Balance Sheet at cost less accumulated amortisation and impairment. They are amortised on a straight line basis over their estimated useful lives.
## **Tangible fixed assets**
Individual fixed assets are initially recorded at cost.
## **Amortisation**
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
|**Asset class**|**Amortisation method and rate**|
|---|---|
|Software|5 years straight line|
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
|**Asset class**|**Depreciation method and rate**|
|---|---|
|Plant and equipment|25% reducing balance|
|Computer equipment|33.3% reducing balance|
|Land and buildings|25 years straight line|
## **Fixed asset investments**
Fixed asset investments, other than programme related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal.
Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end.
## **Investments in subsidiaries**
Investment in subsidiaries is included at cost less impairment value at the balance sheet date.
Page 11
## **The Anthony Knights Foundation Trust**
## **Notes to the Financial Statements for the Year Ended 5 April 2023 (continued)**
## **Borrowings**
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
## **Pensions and other post retirement obligations**
The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
## **Financial instruments**
## _**Classification**_
Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.
Page 12
## **The Anthony Knights Foundation Trust**
## **Notes to the Financial Statements for the Year Ended 5 April 2023 (continued)**
## _**Recognition and measurement**_
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.
## **2 Income from donations and legacies**
## **Unrestricted**
|Donations and legacies;
Donations
Patron income
Grants, including capital grants;
Government grants|**General**
**£**
177,336
117,929
-
295,265|**Restricted**
**£**
16,344
-
-
16,344|**Total**
**2023**
**£**
193,680
117,929
-
311,609|**Total**
**2022**
**£**
42,125
99,438
21,979|
|---|---|---|---|---|
|||||163,542|
Included within government grant income is income from the Coronavirus Job Retention Scheme.
## **3 Income from charitable activities**
|Lodge Rental Income|**Unrestricted**
**funds**
**General**
**£**
17,477|**Total**
**2023**
**£**
17,477|**Total**
**2022**
**£**
27,902|
|---|---|---|---|
Page 13
## **The Anthony Knights Foundation Trust**
## **Notes to the Financial Statements for the Year Ended 5 April 2023 (continued)**
## **4 Income from other trading activities**
|Lotteries and competitions income
**5**
**Other income**
Income from trading subsidiary|**Unrestricted**
**General**
**£**
1,333
1,333
**Unrestricted**
**funds**
**General**
**£**
18,343|**Total**
**2023**
**£**
1,333
1,333
**Total**
**2023**
**£**
18,343|**Total**
**2022**
**£**
2,804|
|---|---|---|---|
||||2,804|
||||**Total**
**2022**
**£**
10,664|
Income from trading subsidiary
Income from the trading subsidiary represents income in respect of wages costs recharged to the subsidiary company.
Page 14
## **The Anthony Knights Foundation Trust**
## **Notes to the Financial Statements for the Year Ended 5 April 2023 (continued)**
## **6 Expenditure on raising funds**
## **a) Costs of generating donations and legacies**
|**Note**
Cost of fundraising activities
Allocated support costs
8|**Unrestricted**
**General**
**£**
7,480
119,899
127,379|**Restricted**
**£**
-
648
648|**Total**
**2023**
**£**
7,480
120,547
128,027|**Total**
**2022**
**£**
20,899
111,621|
|---|---|---|---|---|
|||||132,520|
## **b) Costs of trading activities**
|**Note**
Event expenditure
Allocated support costs
8|**Unrestricted**
**General**
**£**
130
495
625|**Total**
**2023**
**£**
130
495
625|**Total**
**2022**
**£**
-
5,441|
|---|---|---|---|
||||5,441|
Page 15
## **The Anthony Knights Foundation Trust**
## **Notes to the Financial Statements for the Year Ended 5 April 2023 (continued)**
## **7 Expenditure on charitable activities**
## **Expenditure on charitable activities by fund type**
|**Note**
Gifts and donations to
beneficiaries
Lodge rental
Allocated support
costs
8|**Unrestricted**
**General**
**£**
47,599
963
29,053
77,615|**Restricted**
**£**
-
19,722
309
20,031|**Total**
**2023**
**£**
47,599
20,685
29,362
97,646|**Total**
**2022**
**£**
1,400
10,779
15,192|
|---|---|---|---|---|
|||||27,371|
## **Expenditure on charitable activities by activity type**
|**Expenditure on charitable activities**|**by activity type**||||
|---|---|---|---|---|
|Gifts and donations to beneficiaries
Lodge rental|**Activity**
**undertaken**
**directly**
**£**
47,599
20,685
68,284|**Activity**
**support costs**
**£**
2,937
26,425
29,362|**2023**
**£**
50,536
47,110
97,646|**2022**
**£**
2,919
24,452|
|||||27,371|
Page 16
## **The Anthony Knights Foundation Trust**
## **Notes to the Financial Statements for the Year Ended 5 April 2023 (continued)**
## **8 Analysis of support costs**
## **Support costs allocated to raising funds**
|**Support costs allocated to raising funds**|||||
|---|---|---|---|---|
|Costs of generating donations and legacies
**Support costs allocated to charitable activities**
**Governance**
**costs**
**£**
**Finance**
**costs**
**£**
Gifts and
donations to
beneficiaries
261
31
Lodge rental
2,356
278
2,617
309|**Human**
**resources**
**£**
97,827
**Human**
**resources**
**£**
2,397
21,564
23,961|**Other**
**support**
**costs**
**£**
22,722
**Other**
**support**
**costs**
**£**
247
2,227
2,474|**Total**
**2023**
**£**
120,549
**Total**
**2023**
**£**
2,936
26,425
29,361|**Total**
**2022**
**£**
111,621|
|||||**Total**
**2022**
**£**
1,519
13,673|
|||||15,192|
## **9 Trustees remuneration and expenses**
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
Page 17
## **The Anthony Knights Foundation Trust**
## **Notes to the Financial Statements for the Year Ended 5 April 2023 (continued)**
## **10 Staff costs**
The aggregate payroll costs were as follows:
|**Staff costs during the year were:**
Wages and salaries
Social security costs
Pension costs|**2023**
**£**
102,670
5,440
14,172
122,282|**2022**
**£**
88,969
5,734
14,119|
|---|---|---|
|||108,822|
The monthly average number of persons (including senior management team) employed by the charity during the year expressed as full time equivalents was as follows:
## Staff
|**2023**||**2022**||
|---|---|---|---|
|**No**||**No**||
||3||3|
No employee received emoluments of more than £60,000 during the year
The total employee benefits of the key management personnel of the charity were £68,721 (2022 - £68,721).
Note that during the current year, a reasonable proportion of the charity's wages costs were recharged to its subsidiary.
## **11 Independent examiner's remuneration**
|Examination of the financial statements|**2023**
**£**
6,600|**2022**
**£**
6,000|
|---|---|---|
## **12 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
Page 18
## **The Anthony Knights Foundation Trust**
## **Notes to the Financial Statements for the Year Ended 5 April 2023 (continued)**
## **13 Intangible fixed assets**
|**Cost**
At 6 April 2022
At 5 April 2023
**Amortisation**
At 6 April 2022
Charge for the year
At 5 April 2023
**Net book value**
At 5 April 2023
At 5 April 2022|**Other**
**intangible**
**asset**
**£**
5,640
5,640
2,914
1,128
4,042
1,598
2,726|**Total**
**£**
5,640|
|---|---|---|
|||5,640|
|||2,914
1,128|
|||4,042|
|||1,598|
|||2,726|
## **14 Tangible fixed assets**
|**Cost**
At 6 April 2022
At 5 April 2023
**Depreciation**
At 6 April 2022
Charge for the year
At 5 April 2023
**Net book value**
At 5 April 2023
At 5 April 2022|**Land and**
**buildings**
**£**
254,082
254,082
27,949
10,163
38,112
215,970
226,133|**Plant and**
**equipment**
**£**
13,649
13,649
7,519
1,534
9,053
4,596
6,130|**Computer**
**equipment**
**£**
785
785
630
52
682
103
155|**Total**
**£**
268,516|
|---|---|---|---|---|
|||||268,516|
|||||36,098
11,749|
|||||47,847|
|||||220,669|
|||||232,418|
Included within the net book value of land and buildings above is £Nil (2022 - £Nil) in respect of freehold land and buildings and £215,970 (2022 - £226,133) in respect of leaseholds.
Page 19
## **The Anthony Knights Foundation Trust**
## **Notes to the Financial Statements for the Year Ended 5 April 2023 (continued)**
## **15 Fixed asset investments**
|**15 Fixed asset investments**|||||
|---|---|---|---|---|
|Shares in group undertakings and participating interests
**Shares in group undertakings and participating interests**
**Cost**
At 6 April 2022
At 5 April 2023
**Net book value**
At 5 April 2023
At 5 April 2022||**2023**
**£**
1
**Subsidiary**
**undertakings**
**£**
1||**2022**
**£**
1|
|||||**Total**
**£**
1
1
1
1|
|||1|||
|||1|||
|||1|||
## **Details of undertakings**
Details of the investments in which the charity holds 20% or more of the nominal value of any class of share capital are as follows:
||**Country of**||**Proportion of voting rights**|**Proportion of voting rights**|**Principal**||
|---|---|---|---|---|---|---|
|**Undertaking**|**incorporation**|**Holding**|**and shares held**||**activity**||
||||**2023**|**2022**|||
|**Subsidiary undertakings**|||||||
||||||To
arrange||
||||||events|and|
||||||functions|to|
|The Knights Foundation
Limited|England & Wales|Ordinary|100%|100%|generate
profit
to
be
designated||
||||||wholly|for|
||||||charitable||
||||||purposes||
Page 20
## **The Anthony Knights Foundation Trust**
## **Notes to the Financial Statements for the Year Ended 5 April 2023 (continued)**
## **16 Debtors**
|**16 Debtors**|||
|---|---|---|
||**2023**|**2022**|
||**£**|**£**|
|Trade debtors|21,759|13,326|
|Due from group undertakings|22,574|27,854|
|Other debtors|1,333|-|
||45,666|41,180|
|**17 Creditors: amounts falling due within one year**|||
||**2023**|**2022**|
||**£**|**£**|
|Trade creditors|2,000|6,400|
|Other loans|36,325|53,684|
|Other creditors|2,815|2,715|
|Accruals|6,600|6,000|
|Deferred income|21,409|11,398|
||69,149|80,197|
|Creditors due within one year includes the following liabilities, on which security has been given||by the charity:|
||**2023**|**2022**|
||**£**|**£**|
|Other loan|28,925|46,284|
|**Deferred income**|||
||**2023**|**2022**|
||**£**|**£**|
|Deferred income at 6 April 2022|11,732|11,732|
|Resources deferred in the period|21,409|11,398|
|Amounts released from previous periods|(11,732)|(11,732)|
|Deferred income at year end|21,409|11,398|
|**18 Creditors: amounts falling due after one year**|||
||**2023**|**2022**|
||**£**|**£**|
|Other loans|23,421|63,636|
|Creditors amounts falling due after more than one year includes the|following liabilities, on which security has||
|been given by the charity:|||
||**2023**|**2022**|
||**£**|**£**|
|Other loan|7,388|44,128|
Page 21
## **The Anthony Knights Foundation Trust**
## **Notes to the Financial Statements for the Year Ended 5 April 2023 (continued)**
The other loan represents a concessionary loan for the purchase of the lodge. The interest rate for the charity is 0.9375% unless the creditor becomes unassociated with the charity at which point interest will increase to BoE + 4%. The security for this loan is a registered first charge over the lodge. The repayment of the loan is across 60 monthly charges. At the year end, the carrying amount of the loan is £36,313 (2022: £86,487).
## **19 Funds**
|**Unrestricted funds**
**_General_**
General
**Restricted funds**
Lodge
App development
**Total restricted funds**
**Total funds**
**Unrestricted funds**
**_General_**
General
**Restricted**
Lodge
App development
Base Camp Everest Trek
**Total restricted funds**
**Total funds**|**Balance at 6**
**April 2022**
**£**
159,226
31,634
1,566
33,200
192,426
**Balance at 6**
**April 2021**
**£**
120,397
28,235
2,214
2,000
32,449
152,846|**Incoming**
**resources**
**£**
332,418
16,344
-
16,344
348,762
**Incoming**
**resources**
**£**
190,409
14,503
-
-
14,503
204,912|**Resources**
**expended**
**£**
(205,618)
(20,032)
(648)
(20,680)
(226,298)
**Resources**
**expended**
**£**
(151,580)
(11,104)
(648)
(2,000)
(13,752)
(165,332)|**Balance at 5**
**April 2023**
**£**
286,026
27,946
918|
|---|---|---|---|---|
|||||28,864|
|||||314,890|
|||||**Balance at 5**
**April 2022**
**£**
159,226
31,634
1,566
-|
|||||33,200|
|||||192,426|
The specific purposes for which the funds are to be applied are as follows:
Lodge - purchase of the Knights Foundation Lodge and the provision of respite breaks for families at the Lodge App development - costs of developing the Teddy Bear Appeal app
Base Camp Everest Trek - expedition costs as part of a fundraising event
Page 22
## **The Anthony Knights Foundation Trust**
## **Notes to the Financial Statements for the Year Ended 5 April 2023 (continued)**
## **20 Analysis of net assets between funds**
|**20 Analysis of net assets between funds**||||
|---|---|---|---|
|Intangible fixed assets
Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
Creditors over 1 year
Total net assets
Intangible fixed assets
Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
Creditors over 1 year
Total net assets|**Unrestricted**
**funds**
**General**
**£**
680
217,405
1
166,540
(75,177)
(23,421)
286,028
**Unrestricted**
**funds**
**General**
**£**
1,160
228,065
1
73,833
(80,197)
(63,636)
159,226|**Restricted**
**funds**
**£**
918
3,265
-
24,679
-
-
28,862
**Restricted**
**funds**
**£**
1,566
4,353
-
27,281
-
-
33,200|**Total funds at**
**5 April**
**2023**
**£**
1,598
220,670
1
191,219
(75,177)
(23,421)|
||||314,890|
||||**Total funds at**
**5 April**
**2022**
**£**
2,726
232,418
1
101,114
(80,197)
(63,636)|
||||192,426|
Page 23
## **The Anthony Knights Foundation Trust**
## **Notes to the Financial Statements for the Year Ended 5 April 2023 (continued)**
## **21 Related party transactions**
During the year the charity made the following related party transactions:
## **N Banger**
(N Banger is the CEO of the charity.)
N Banger was remunerated for his role as CEO, further details can be found within note 10 - Key Management Personnel.
At the balance sheet date the amount due to/from N Banger was £Nil (2022 - £Nil).
## **S Banger**
(S Banger is the wife of N Banger, CEO.)
S Banger was employed by the charity & received remuneration of £35,501 (2022: £33,647) including employers pension contributions.
At the balance sheet date the amount due to/from S Banger was £Nil (2022 - £Nil).
## **Knights Security Limited**
(Knights Security Limited is a related party of the Foundation by virtue of trustee, A Knights, being a director of the company at the year end date.)
During the year, the foundation incurred costs of £Nil (2022: £Nil).. At the balance sheet date the amount due to/from Knights Security Limited was £Nil (2022 - £Nil).
## **The Knights Foundation Limited**
(The Knights Foundation Limited is a 100% subsidiary of the charity.)
During the year the foundation recharged costs of £18,343 (2022: £10,664) to the company in respect of recharged wages costs..
At the balance sheet date the amount due from The Knights Foundation Limited was £22,574 (2022 - £27,854).
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