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|||Page|
|---|---|---|
|Trustees'<br>report||1-6|
|Statement<br>oftrustees'|responsibilities||
|Independent<br>auditor's|report|8-10|
|Statement<br>offinancial|activities||
|Balance sheet||12|
|Statement<br>ofcash flows||13|
|Notes to the financial|statements|14-17|





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|||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2021|2020|
||||Notes|||
|ncome from:||||||
|Investments|||2|5,053,924|2,980,422|
|Expenditure<br>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|





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||||||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|





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|||||||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<br>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|





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|||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||||||



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|Credi|tors: amounts<br>falling due within one year|||
|---|---|---|---|
|||2021|2020|
|Other|creditors|10,519|10,519|



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||||||||
|---|---|---|---|---|---|---|
|Cash generated<br>from|operatio|ns|||2021|2020f|
|Surplus/(deficit)<br>for the|year||||291,780|(86,965)|
|Adjustments<br>for:|||||||
|Investment<br>income recognised||in statement|offinancial|activities|(5,053,924)|(2,980,422)|
|Movements<br>in working|capital:||||||
|Decrease/(increase)<br>in|debtors||||549,351|(549,352)|
|(Decrease)<br>in creditors||||||(32,614)|
|Cash absorbed<br>by operations|||||(4,212,793)|(3,649,353)|