Charity registration number: 1160417 The Anthony Knights Foundation Trust Annual Report and Financial Stalemenls for the Year Ended 5 April 2024
The Anthony Knights Foundation Trust Contents {continued) Reference and Administralive Details Trustees, Report 2to4 Sialemenl of Trustees, Responsibilities Independent Examine15 Report Sialemenl of Financial Activities Balance Sheet Notes to the Finan¢ial Sialemenls 91024
The Anthony Knights Foundation Trust Reference and Administrative Details Chief Executive Officer N Banger Trustee5 A C Knighis. Chairnlan J Burrows. Secretary P South V Patel G O'shea J M Knights 1160417 Charity Reglstration Number PrincipAI Otriee Unit 21, Trafalgar Way Camberley Surrey GU153BN Independent Examlner Stewart & Co Accountan15 LLP Knoll House Knoll Road Camberley Surrey GU15 3SY Page I
The Anthony Knights Foundation Trust Trusteesl Report The trustees present the annual report together with the financial statements of the charity for the year ended 5 April 2024. ObJe¢tlves and A¢¢ivities Objectives and aims The Anthony Knights Foundation Trust is a children's charity based in Camberleyl Surrey. The Foundation is about increasing positive experiences for children throughoul Surrey, Hampshire and Berkshir¢ who are terniinally 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 specialisl equipment. practical help and memorable Childhood experien¢¢s. The Foundalion also aims lo build the self-e5teem of di5adv4ntaged children and to assist siblings and families lo cope with the everyday prc55ures. Publlc benejli The trustees confirm they have discussed the issue of public benefit and are confident that the breadth and scope of the work the charity und¢rtake5 complic5 With S¢ction 17 of the Charities Acl 201 l and has due regard to the Charity Commission's general guidance on public benefit. Structure? governance and management Nolure ofgoverninx documenl The Charity is conlrolled by ils governing document. a constitution, and is a Charitable Incorporated Organisation (CIO). RecruitnMI ond oppolntmenl of Iru.slee. Trustees a aciive members who have proved themselves to be dedicated and commilted lo 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 tem of 3 years by a resolulion passed ai a properly convened meeting of the charity lrnstee5. There is opportunity for re-election al Ihe end of Ihe 3 year lenn. The board of trustees is responsible for appointing new trustees. Recruilment is often through recommended personnel. however consideration is made of ihose who offer their services. In selecting) individuals for appointment as Iruslees. the charity trustees musl have regard for the skills, knowledge and experience needed for the effective administration of the CIO. There musi be ai leasi 3 charity Iruslees. If the number falls below this minimum, the remaining trustee or trustees may act only lo call a meeting of ihe charity trustees, or to appoint a new charity trnslee Page 2
The Anthony Knights Foundation Trust Trustees, Report (continued) Financial review Donalions and legacies hav¢ increased io the charity in this financial year. Expendilure has a150 increased, however due lo the significant increase in donations received the charity has improved ihe funds position. Total runds at the end of the year are £324.884 (2023: £314,980) of which unrestricted funds are £300,333 (2023: £286.025). In addition. expenditure has also increased in the year. bul despite this, the charily has still managed to report a positive movement in funds for the year of £9.994. increasing funds catTied forward to £324,884 of which £300.333 are unreslricled. Pollcy on reserves order to ensure operations can continue wiihoul interrnplion or harm to Ihe charily's service. the charity aims lo ensure a minimum reserve level of £S0.000. This exceeds the required reserve level that equals three months operating costs and will be held in the charity's reserve high inieresl Lloyds bank accounls. Inve51menipollcy and obJe¢lives The governing document allows the ¢harily a wide range of investment powers. The currenl inveslmenl policy is to place funds in excess of short le commitments in high inleresl Lloyds bank accounts. This ensures a prudent approach to managing ihe charities finances and maximi5alion of income. In the absence of specific ondilions from funders, accrued inleresl is treated as unrestricted income. Fln8ncial instruments ObJeclive5 andpollcle. 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 wrilten principles on Ihe use of financial derivalives 10 manage these risks. The charily does not use derivative financial inslrumenls for speculative purposes. Cashflow risk In the unlikely event of cash flow problems, the reserve funds will be used. In the fulure inleresl-bearing asseis and liabilities will be held at fixed rale to ensure ccrtainty of cash flows. Credll rlsk The charity's principal financial assels are bank balances and cash, trade and other ¢¢IvableS, 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 operaled an equal opportunities policy. Creditor payment policy Paymenls are made within 30 days to suppliers. EnvironmentAI poliey The chhrity recognises that ils activilies have a direct and indirect impact on the environment and recognis¢s its responsibility lo ensure sound environmentally and socially responsible practices in all of ils activities. Page 3
The Anthony Knights Foundation Trust Trustees, Report (continued) The annual report was approved by the of the charity on and signed on its behalf by.. A C Knighis Trustee Page 4
The Anthony Knights Foundation Trust Statement of Trustees, Responsibilities The Iruslees are reswnsible for preparing ihe trustees. report and Ihe financial slalemen15 in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounling Prdclice) and applicable law and regulations. The law applicable lo charities requires the Iruslees to prepare financial slalemenls for each financial year which give a tru¢ and fair view of the slate of affairs of the charity and of the incoming resources and application of resources of the Charity for that period. In preparing these financial slalemenls, the trustees are required to.. selecl suitable accounting policies and then apply them consistently. observe the methods and principles in ihe Charilies SORP: rnake judgements and esiimaies ihai a reasonable and prudent. slate whether applicable accounling standards have been followed. subjecl to any material departures disclosed and explained in the financial slatemenls: and prepare the financial slalemenls on the going concern basis unless il is inappropriaie to presume ihai the charity will continue in business. The Irusiees are responsible for keeping proper accounting records that disclose with reasonable accuracy al any lime the financial position of the Charity and enable them lo ensure Ihal the financial stalemenls comply with the Charilie5 Aci 2011. Ihe Charitie5 (Accounts and Report5) Regulalions 2008, and the provisions of the conslilution. The irnslees are also responsible for safeguarding th¢ assets of the charity and hence for taking reasonable sleps for Ihe prevenlion and detection of fraud and other irregularilics. The trustees arc responsible for Ihe maintenance and integrity of the corporate and financial inforn]ation included on the charilable company's website. Legislation governing the preparation and dissemination of rinancial slalemenls may differ from legislation in other jurisdictions. rnancial slalemenls on pages 7 to 24 were approved by the trustees. and authorised for issue on .zf and signed on their behaifby.. A C Knighis 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 Iruslees on my examination of the accounts of The Anthony Knights Foundation Trust for the year ended 5 April 2024. Responsibilities and basis of report As the charity tnistee5 of The Anthony Knights Foundation Trust you are responsible for the preparation of the a¢count5 in accordance with the requirements of the c.harities 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 201 l Act and in carryingy out my examination I hav¢ followed all the applicable Direclions given by the Charily Commission under section 145(51(b) of th¢ Act. Independent ex4mlner's $¢4tem¢nt I have completed my examination. I confirm Ihal no material matters have come to my attention in connection with the cxaminalion giving me cause to believe that in any material respecl.. accounting records were not kept in respect of The Anthony Knight5 Foundation Trust as required by section 130 of the Act; or 2. the accounts do not accord with ihose records: or 3. the accounts do not comply with the accounting requirements concerning the forni and content of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 oiher than any requirement that the accounts give a 'true and fair view, which is not a maller considered as part of an independent examination. have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of (he accounts to be reached. C A Ryan, ACA ICAEW Knoll House Knoll Road Camberley Surrey GU153SY Date.. Page 6
The Anthony Knights Foundation Trust Statement of Financial Activities for the Year Ended 5 April 2024 Total 21J24 Unrestricted Restrieted Nole Income and Endowments from: t)onalions and legacies Charilable activities Oiher trading activities Other income 200,771 4,359 6,642 6,444 24.504 225,275 4,359 6.642 6,444 Total Income 218,216 24,504 242,720 Expenditure on: Raising funds Charitable activilies 1153,131) (50.7771 {648) (28,170) {153,779> 178,947) Total Expendilure (203,908) (28,818) (232,726) Nel movement in funds 14,308 (4,314) 9,994 Reconclliatlon of fund$ Total fund5 brought forward Total funds carried forward 286,025 28,865 314,890 300.333 24,551 324,884 Totil 2023 Unrestricted Restricted Note Ineome and Endowments from: Donations and legacies Charitable activities Other Irading aclivilies oiher income 295,265 17,477 ,333 18.343 16,344 311,609 17,477 1,333 18.343 Toial Income 332,418 16.344 348,762 Expenditure on; Raising funds Charitable activities (128,004) {77,615) (648) (20,0311 {128.6521 (97.646) Total Expenditure 1205,619) {20.679) 226,298) Nel movement in funds 126,799 (4.335) 122,464 Reeoncili8tion of funds Tolal funds brought forward 159,226 33,200 192.426 Total funds carried forward 18 286,025 28,865 314.890 All of the charily's aciivities derive from continuing operations during the above two periods. The notes on pages 9 to 24 form an inlegral part of these financial stalernents. Page 7
The Anthony Knights Foundation Trust {Registration number: 1160417) Balance Sheet as at S April 2024 2024 2023 Note Fixed assets Intangible assets Tangible a5selS Inve51m¢n15 12 13 14 470 209.321 1,598 220,669 209.792 222,268 Current Asse¢$ Debtors Cash al bank arbd in hand 15 42,467 112.942 45,666 139,526 155,409 185,192 Creditors: Amount5 falling due wlthin one year 16 (32,917) {69,1491 IYe¢ eurrent assets 122.492 116,043 Total assets less current liabilities 332.284 338,311 Creditors: Amounts fAlllng due *fter more than one year Net Assets 17 (7,400) (23,421) 324.884 314,890 Funds of the ¢h4rity: Re$trl¢ted income funds Restricted funds 24,551 28,865 Unres¢rl¢ted in¢ome funds Unrestricted funds 300,333 286.025 To¢il funds 18 324.884 314,890 The financial statements on pages 7 10 24 were approved by the Irusiees, and auihorised for issue on OJI1.1(..... And signed on Iheii behalf by: A C Knigh15 Trustee The notes on pages 9 to 24 fonn 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 2024 Accounting policies General information The charity is a registered charity in England and Wales and is a Charitable Incorporated Organisation (CIO). charily nurnber 1160417. The address ofihe principal 01CC is Unit 21, Trafalgar Way, Camberley, Surrey, GU15 3BN. StAtement of ¢ompliAnee The financial slalemenls have been prepared in accordance with Accounting and Reporting by Charities.. Siatemeni of Recommended Praciice applicable lo charilies preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015) - {Charilies SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and th¢ Charities Aci 2011. Basi5 of preparatlon The Anthony Knights Foundaiion Trust meets the definition of a public benefii enlily under FRS 102. Assets and liabilities are initially recognised al historical cosl or transaction value unless otherwise 5taied in ihe Tclevanl accountin8 policy notes. The financial slalemenls are prepared in sterling, which is Ihc functional currency of the entity. Monetary amounls in these financial slalemenls have been rounded lo the nearest £. Going concern The finan¢ial 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 uncertainlies related to ¢venls or condition5 that may cast significant doubt on Ihe ability of the charily to onlinue as a going concem. The Iruslees make this assessmeni in re5pecl of a period of one year from the dale of approval of the financial statements. The trustees consider that there are no material uncertainties about ihe charity's abilily to conlinu¢ as a going concern. Exemplion from preparing group accounts The charily has taken advantage of Ihe exemption from the requirement lo preparc consolidated financial statements, on the grounds that the aggregale gross income of ihe group is less Ihan £1 million after consolidation adjustmenls. Income and endowments Voluntary income including donalions. gifts. legacies and gran15 Ihal provide core funding or are of a general nature is recognised when the charily has enliilemenl lo Ihe income. it is probable that the income will be received and the amounl can be measured wilh s1clent reliability. Page 9
The Anthony Knights Foundation Trust Notes to the Financial Statements for the Year Ended 5 April 2024 (continued) Donolions and legacie5 Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured. Granls receivuble Grants are recognised when ihe charity has an eniiilemenl lo the funds and any condition5 linked to the grants have been met. Where perforniance conditions are attached to the grant and are yet lo be met, the income is re¢ognised as a liability and included on ihe balance sheet as deferred income 10 be released. Deferred Income Deferred income represents amounts receiv¢d for future periods and is released lo incoming resources in the period for which. it has been received. Such incom¢ is only deferred when.. The donor specifies that the grant or donation mu51 only be used in future accounting, periods; or The donor ha5 imposed conditions which musl be mel before ihe charity has unconditional entitlement. Expenditure All expenditure is recognised on¢¢ ihere is a legal or conslruclive obligation to that expenditure, it is probable 5eiilemenl is required and the amounl can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar cosls lo that caiegory. Where costs cannot be directly attributed lo particular headings they have been allocated on a basis consislenl with Ihe use of resources, with central staff osls allocated on the basis of time spent. and depreciaiion charges allocated on the portion of the asset's Use. her support costs are allocated based on the spread of slaff cosis. Ral.slngfunds These are costs incurred in attracting volunlary income, the management of inveslments and those incurred in trading activities that raise funds. Charllable activilies Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for ils 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 ¢os¢$ Support costs include central functions and have been ollocated to activity cosl categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per ¢apiia. staff costs by the lime spent and other costs by their usage. Governance costs These include the costs attributable lo the charity's compliance with Constitutional and statutory requirements. including audit. strategic management and Iruslees, meelings and reimburs¢d expenses. Governmen¢ 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 lo revenue are recognised in income over Ihe period in which the related costs are recognised. Grants relating lo assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset 15 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 2024 (continued) Taxation The charity is considered io pass the lesls set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation lax purposes. Accordingly. the charity is polenlially exempi from laxalion in respect of income or ¢apilal gains received within categories covered by Chapler 3 Part I l of the Corpordlion Tax Acl 2010 or Section 256 of Ihe Taxation of Chargeable Gains Act 1992, to the exlenl Ihal such income or gains are applied exclusively to charitable purposes. Intangible Issels Intangible assets are stated in the Balance Sheet at cost less a¢eumulaled amortisation and impainnent. They are amortised on a Slraighi line basis over iheir estimated useful lives. Tangible fJ%ed issets Individual fixed assels are initially recorded al cost. Amor¢lsa¢lon Amortisation is provided on intangible fixed assets so as to write off the cosl, less any estimated residual value, over their expected useful economic life as follows., Asset class Software Amortisation method and rate 5 year5 Straight line Depreciation and amortis4¢ion Depreciation is provided on tangible fixed as5els so as to write off the cost or valualion. less any eslimaled residual value, over their expected useful economic life as follows: Asset class Planl and equipment Compuler equipment Land and buildings Depreciation method gnd rate 250/0 reducing balance 33.30/0 reducing balance 25 years slroighi line Research and development Research and developmenl expenditure is writlen off as incurred. Filed asset investments Fixed asset inveslrnenls, other than programm¢ related inveslmenls. are tncluded at market value al the balance sheet date. Realised gains and losses on investments are calculaled as the difference between sales proceeds and their market value al ihe slart of ihe year, or their subsequent cost, and are char8ed or crediled 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 io the Statement of Financial Aciivilies based on ihe market value at Ihe year end. Investments in subsidbaries nveslmenl in subsidiaries is included at cost less irnpaiment value al the balance sheet dale. Pagell
The Anthony Knights Foundation Trust Notes to the Financial Statements for the Year Ended S April 2024 (continued) Borrowings Interest-bearing borrowings are initially recorded ai fair value, net of transaction cos15. Interest-bearing borrowings are subsequently Caled at amortised cost. with the difference between Ihe proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Siatement of Financial Activities over Ihe period of the relevant borrowing. Interest expense is recognised on the basis of the effeclive interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the charity has an un¢onditional righi io defer settlement of the liability for ai least twelve months after the reporting dale. Fund structure Unrestricted income funds are general funds that are available for use al the trustees, discretion in furtherance of the objectives of the charity. Restricled income funds are those donaled for use in a particular area or for specific purposes. the usc of which is reslricted to that area or purpose. Penslon$ other post retirement oblig4¢ions The charity operates a defined conlribulion pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legyal or conslruclive obligation lo pay further contributions even if the fund does not hold 5ufficienl assets lo pay all employee5 Ihe benefits relating to employee service in the current and prior periods. Contributions lo defined contribution plans are recognised in the Sialemenl of Financial Activities when they are due. If contribulion payments exceed the contribution due for service, the excess is cOgnIsed as a prepayment. FinAnclAI Instruments Cla.fslJ7calioii Financial assets and financial liabilities are recognised when the charity becomes a party lo the conlracluhl provisions of the instrumenl. Financial liabilitie5 and equity instruments are classified according to the substance of the contractual arrangemen15 entered into. An equity inslrument is any contract that evidence5 a residual interest in the assets of Ihe chariiy after deducting all of its liabilities. Page 12
The Anthony Knights Foundation Trust Iyotes to the Financial Statements for the Year Ended 5 April 2024 (continued) Re¢ognilion aiid mea.Fiiremenl All financial assets and liabililie5 are initially measured al trdnsaclion price {including transaction cos15). excepl for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value {which is nomally the Iransaclion price excluding Iransaclion ¢osls), unless the atTang¢menl conslilutes a financing Iransaclion. If an aangement constitutes a financing transaction. Ihe financial asset or financial liabilily is MeasUd al the present value of the future payments discounted al a market rale of interest for a similar debi instrumenl. Financial assets and liabilities are only offset in the sialement of financial position when. and only when there exists a legally enforceable right 10 sel off the recognised amounts and ihe charity intends either lo settle on a net basis. or lo realise the asset and settle the liabilily simulianeously. Financial assets are derecognised when and only when a) the conlraclual rights to the cash flows from the financial assei expire or are settled. bl the charity transfers lo another party subsianlially all of the risks and rewards of ownership of the financial asset, or cl the charity, despite having reiained some, bul nol all, significanl risks and rewards of ownership, has transfeed control of the asset lo another party. Financial liabilities are der¢cognised only when the obligation specified in the coniracl is dis¢harged. cancelled or expires. 2 Income from don¥tlons and leg4eles Unrestricted Total 2024 Total 2023 General Restricted Donations and legacie5; Donations Patron income Grants, including Capital granls. Government grants 80.199 24.504 104,703 193,680 117,929 8,755 8.755 200.771 24,504 225,275 311,609 3 Incom¢ from charitable aelivliies Unrestricted funds General Total 2024 Tolal 2023 Lodge Renial Income 4,359 4,359 17,477 4 Income from other trading actlvlties Page 13
The Anthony Knights Foundation Trust Notes to the Financial Statements for the Year Ended 5 April 2024 (continued) Unrestricted Tot41 2024 Total 2023 General Lotteries and competitions income 6,642 6,642 1.333 6,642 6.642 1,333 5 Other ineome Unrestricted funds General Totgl 2024 Total 2023 Income from trading subsidiary 6.444 6,444 18,343 Income from the trading subsidiary represenls income in respect of wages costs rechar8¢d lo the subsidiary company. Page 14
The Anthony Knights Foundation Trust Notes to the Financial Statements for the Year Ended 5 April 2024 (continued) 6 Expenditure on raising fund5 ) Costs of genernling don41ion$ And legacies Unrestricted Tot81 2024 Total 2023 General Restrlcted Note Cost of fundraising activities Allocated support costs 4,320 145.084 4,320 145.732 7.480 120.547 648 149,404 648 150,052 128,027 b) Costs of trading aetlvltles Unrestricted Total 2024 Total 2023 Gener41 Note Event expendilure Allocated support costs 130 495 3,727 3,727 3,727 3.727 625 Page 15
The Anthony Knights Foundation Trust Notes to the Financial Statements for the Year Ended 5 April 2024 (continued) 7 Expenditure on eharitgble 4¢11vi¢les Expenditure on eh4rlt4ble a¢¢ivities by fund type Unrestrieted Total 2024 Total 2023 GenerAI Restricted Note Gifts and donations to beneficiarie5 Lodge rental Youth ambassador programme Allocated support osls 17,604 963 17,604 23.145 47,599 20.685 22.182 600 5.172 5.772 31,610 816 32,426 29,362 50.777 28.170 78,947 97.646 Expenditure on charitable actlvbties by aetivity type A¢tivi¢y ndertiken directly Activity support eosl$ 2024 2023 Gifts and donations to beneficiaries Lodge rental Youth ambassador pmgramme 17,604 23,145 5.772 3,241 29,185 20,845 52.330 5.772 50,536 47,110 46,521 32,426 78,947 97,646 Page 16
The Anthony Knights Foundation Trust Notes to the Financial Statements for the Year Ended 5 April 2024 (continued) 8 Analysis of 5uppor¢ cos1$ Support costs 4lloeated io raising funds Other support cost5 Human resources Tolal 2024 Total 2023 Cosls of generating donations and legacies 103,102 42,630 145,732 120.549 Support costs Alloeated to charitable #ctivities Other support ¢os¢s Governance FlnAnee costs eosl$ Human resources Admin costs Total 2024 Total 2023 Gifts and donations lo beneficiaries Lod¥e rental 695 6.255 (8) (76) 2,204 19.844 44 398 306 2.764 3.241 29.185 2.936 26,425 6,950 {84) 22,048 442 3,070 32,426 29.361 9 Trustees remuneration 4nd expenses No truslec5, 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 oiher 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 2024 (continued) 10 Staff eo$t5 The aggregaie payroll cos15 were as follows.. 2024 2023 Staff costs during the yeftr were: Wages and salaries Social security costs Pension ¢osls 109,298 5,406 14,173 102.670 5.440 14.172 128.877 122,282 The monthly average number of persons (including senior management team> employed by the charity during the year expressed as full lime equivalen15 wa5 as follows.. 2024 2023 Staff 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 (2023 £68.721). Note that durinLy the current year. a $onable proporlion of the charity's wages costs were recharged to ils subsidiary. I l Taxation The charily is a registered charity and is therefore exempl from taxation. Page 18
The Anthony Knights Foundation Trust Notes to the Finaneial Statements for the Year Ended 5 April 2024 (Continued) 12 Intangible fixed 4sset5 Other bntangible asset Tot41 Cost Ai 6 April 2023 5,640 5.640 Ai 5 April 2024 5,640 5,640 Amortlsation Ai 6 April 2023 Charge for the year 4,042 4,042 At 5 April 2024 Net book v4lue 5.170 5,170 Ai 5 April 2024 470 470 Al 5 April 2023 1,598 1,598 13 Tangible fixed asset5 Land and buildings Plant and equipment Compuler equipment Total Cost Al 6 April 2023 At 5 April 2024 254,082 13,649 785 268,516 254,082 13.649 785 268,516 Depreciation Ai 6 April 2023 Charge for ihe year 38.112 10.164 9,053 1,150 682 34 47.847 11.348 Ai S April 2024 48,276 10,203 716 59.195 ]Yet book vglue At 5 April 2024 205,806 3.446 69 209.321 At 5 April 2023 215,970 4,596 103 220,669 Included within the net book value of land and buildings above is £Nil (2023 £Nil) in respect of freehold land and buildings and £205.806 (2023 £215.970> in respect of leaseholds. Page 19
The Anthony Knights Foundation Trust Notes to the Financial StAtements for the Year Ended 5 April 2024 (continued) 14 Fixed Asset investments 2024 2023 Shares in group undertakings and participating inieresis ShAres in group undertakings p*rtlcip#ting interests Subsidigry undertakings Total Cost At 6 April 2023 At 5 April 2024 Iyet book VAlue Al 5 April 2024 Ai 5 April 2023 DetAils of undertakings Delails of the investments in which the charity holds 200/0 or more of the nominal value of any Class of share capital are as follows: Country or incorporltion Proportion of voting rights Prln¢lp41 and shares held acllvlty UndertAklng Holding 2024 2023 SubsidiAry undertakings aange events and functions lo generate profit to be designated wholly charitable purposes The Knigh15 Foundaiion Limit¢d England & Wales Ordinary I OOO/o for Page 20
The Anthony Knights Foundation Trust Notes to the Financial Statements for the Year Ended 5 April 2024 (continued) 15 Debtors 2024 2023 Trade debtors Due from group undertakings Other debtors 8,783 32.297 ,387 21.759 22.574 1.333 42.467 45.666 16 Creditors: amounts falling due wilhln one year 2024 2023 Trade creditors Other loans Other creditors A¢¢nJals Deferred income 5.596 8,633 1,455 6,750 10,483 2.000 36.325 2.815 6,600 21,409 32.917 69.149 Creditors due within one year includes the following liabilities. on which security has been given by the charity.. 2024 2023 Other loan 28.925 D¢f¢rr¢d Income 2024 2023 Deferred income al 6 April 2023 Resources de[¢ed in Ihe period Amount5 releas Irom previous periods Deferred income al year end 21.409 10.483 (21.4091 1,732 21.409 (11,732) 10,483 21.409 17 Creditor5: amount3 falling due after one year 2024 2023 Other loans 7,400 23.421 Credilors amounts falling due after more than one year includes the following liabililies, on which security has been given by the charily- 2024 2023 Other loan 7.388 Page21
The Anthony Knights Foundation Trust INotes to the Financial Statements for the Year Ended S April 2024 (continued) 18 Funds Balance at 6 April 2023 Ineoming resources Resources expended Balance at 5 April 2024 Unrestricted funds General General 286,026 219.216 (204,7211 300,521 Re5trlcted funds Lodge App development Youth Ambassador 27.946 918 14,014 {22,1851 16481 15,1721 19,775 270 4.318 9.490 TotAI restrl¢ted funds 28.864 23,504 (28,0051 24.363 Tolil funds 314,890 242,720 {232,726) 324,884 Balance at 6 April 2022 Incoming resources Resources expended Balance At 5 April 2023 Unrestricted fund$ General General 159.226 332,418 1205.6181 286,026 Restrieted Lodge App development 31.634 1.566 16,344 {20,0321 (648) 27.946 918 Total restricted funds 33.200 16,344 (20,680) 28.864 Total funds 192,426 348,762 (226,2981 314,890 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 break5 for familie5 at the Lodge App development - costs of developing the Teddy Bear Appeal app Youth Ambassador programme - costs of running the The Knights Foundation Youth Amba55adorfs programme lo provide and facilitate vocational and Social opportunities for young disabled adults Page 22
The Anthony Knights Foundation Trust Notes to the Financial Statements for the Year Ended 5 April 2024 (continued) 19 Analysis of net 455ets between funds Unrestricted funds General To¢41 fund$ 4t 5 April 2024 Res¢ri¢ted funds Intangible fixed assels Tangible fixed assels Fixed assel investments Curreni assets Current liabilities 200 206.872 270 2.449 470 209,321 136,692 {38,930) 17,330 154.022 (38.930) Total nel assets 304.835 20.049 324,884 UDrestrieted Total funds at 5 April 2023 Restricted funds Genersl Intangible fixed assets Tangibl¢ fixed assets Fixed asset investments Currenl assets CutTent liabililie5 Creditors over l year 680 217,405 918 3,265 1.598 220.670 166,540 (75.177) (23,421) 24.679 191.219 (75.177) (23,4211 Total net assets 286,028 28,862 314,890 Page 23
The Anthony Knights Foundation Trust Notes to the Financial Statements for the Year Ended S April 2024 (continued) 20 Related party transaetions During the year the charity made the following relaied party transactions: N Banger (N Banger is the CEO of the charity.) N Banger was remunerated for his role as CEO. further deiails ¢an be found within note 10 - Key Management Personnel. Ai the balance sheel date the amounl due to/from N Banger was £Nil (2023 - £Nil), S B#nger (S Banger is the wife of N Banger, CEO.) S Banger was employed by the charity & received remunerntion of £35,501 (2023: £35,501) including employers pension contributions. At the balance sheel date the amount due io/frorn S Banger was £Nil (2023 - £Nil). The Kni%ht5 Foundilion Limlted (The Knights Foundation Limited is a l OOQ/o subsidiary of the charily.) During the year the foundation recharged costs of £6,444 (2023.. £18.343) to the company in respe¢l of recharged wages costs.. At the balance sheet date the amount due from The Knights Foundalion Limited was £32,297 (2023 - £22,574). Page 24