| Page | ||
|---|---|---|
| Trustees' report |
1-6 | |
| Statement oftrustees' |
responsibilities | |
| Independent auditor's |
report | 8-10 |
| Statement offinancial |
activities | |
| Balance sheet | 12 | |
| Statement ofcash flows |
13 | |
| Notes to the financial | statements | 14-17 |
| Unrestricted | Unrestricted | ||||
|---|---|---|---|---|---|
| funds | funds | ||||
| 2021 | 2020 | ||||
| Notes | |||||
| ncome from: | |||||
| Investments | 2 | 5,053,924 | 2,980,422 | ||
| Expenditure on |
Charitable | activities | 4,762,144 | 3,067,387 | |
| Net income/(expenditure) | for the year/ | ||||
| Net movement | in funds | 291,780 | (86,965) | ||
| Fund balances | at 1 April 2020 | 779,773 | 866,738 | ||
| Fund balances | at 31 March 2021 | 1,071,553 | 779,773 |
| 2021 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | ||||||||
| Current assets | ||||||||
| Debtors | 1,053,925 | 549,352 | ||||||
| Cash at bank and | in | hand | 28,147 | 240,940 | ||||
| 1,082,072 | 790,292 | |||||||
| Creditors: | amounts | falling due within | ||||||
| one year | (10,519) | (10,519) | ||||||
| Net current | assets | 1,071,553 | 779,773 | |||||
| Income funds | ||||||||
| Unrestricted | funds | 1,071,553 | 779,773 | |||||
| 1,071,553 | 779,773 |
| 2021 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | ||||||||
| Cash flows from operating | activities | |||||||
| Cash absorbed | by operations | 10 | (4,212,793) | (3,649,353) | ||||
| Investing | activities | |||||||
| Share of | profit | of Eleva Capital LLP | 4,000,000 | 2,980,422 | ||||
| Net cash | generated from |
investing | ||||||
| activities | 4,000,000 | 2,980,422 | ||||||
| Net cash | used | in financing | activities | |||||
| Net decrease | in cash and | cash equivalents | (212,793) | (668,931) | ||||
| Cash and | cash | equivalents | at beginning | ofyear | 240,940 | 909,871 | ||
| Cash and | cash equivalents | at end of | year | 28,147 | 240,940 |
| Charitable | Charitable | ||
|---|---|---|---|
| Expenditure | Expenditure | ||
| 2021 | 2020 | ||
| E | |||
| Charitable | donations | 4,762,000 | 3,067,386 |
| Share of | support costs (see note 4) | ||
| 4,762,144 | 3,067,387 |
| 4 | Support | costs | ||||||
|---|---|---|---|---|---|---|---|---|
| Support | Governance | 2021 | Support | Governance | 2020 | |||
| costs | costs | costs | costs | |||||
| F | ||||||||
| Bank charges | ||||||||
| 144 | ||||||||
| Analysed | between | |||||||
| Charitable | activities | 144 |
| Credi | tors: amounts falling due within one year |
||
|---|---|---|---|
| 2021 | 2020 | ||
| Other | creditors | 10,519 | 10,519 |
| Cash generated from |
operatio | ns | 2021 | 2020f | ||
| Surplus/(deficit) for the |
year | 291,780 | (86,965) | |||
| Adjustments for: |
||||||
| Investment income recognised |
in statement | offinancial | activities | (5,053,924) | (2,980,422) | |
| Movements in working |
capital: | |||||
| Decrease/(increase) in |
debtors | 549,351 | (549,352) | |||
| (Decrease) in creditors |
(32,614) | |||||
| Cash absorbed by operations |
(4,212,793) | (3,649,353) |