Trustees,directors,officers.andadvisors |
1 |
Trustees'reportfortheyearended31December2020 |
2 |
Independentauditor'sreporttothemembersofTheJamesandDeirdreDysonTrust |
6 |
Statementoffinancialactivities |
10 |
Balancesheet |
11 |
Statementofcashflows |
12 |
Notestothefinancialstatementsfortheyearended31December2020 |
13 |
Independent Auditor's Report to the Members of The James and Deirdre Dyspn Trust (continued)
Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or .the override of internal controls. We are not responsible for preventing non-compliance and cannot' be expected to detect non-compliance with all laws and regulations.
These inherent limitations are particularly significant in the case of misstatement resulting from frau.d as this may involve sophisticated schemes designed to avoid detection, including deliberate failure to record transactions, collusion or the provision of intentional misrepresentations.
Use of our report
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Crowe U.K. LLP Statutory Auditor 4th Floor St James House St James Square Cheltenham GL50 3PR
Date: 5 August 2021
|
|
Unrestricted |
2020 |
2019 |
|
|
funds |
TotalFunds |
TotalFunds |
|
Note |
|
|
|
Incomefrom: |
|
|
|
|
Donations |
|
22,863,625 |
22,863,625 |
1,350,000 |
Investments |
|
|
|
|
|
|
22,987,862 |
22,987,862 |
1.353,384 |
Expenditureon: |
|
|
|
|
Charitableactivities |
4&5 |
(487,317) |
(487.317) |
(18,985,189) |
|
|
(487,317) |
(487,317) |
(18,985,189) |
Netincome/(deflclt) |
|
22,500,545 |
22,500,545 |
(17.631,805) |
Reconciliationoffunds: |
|
|
|
|
Total(deficit)/fundsbrought |
|
|
|
|
forwardat1 January |
11 |
(17.573.548) |
(17.573.548) |
58.257 |
Totalfunds/(deficit)carried |
|
|
|
|
forwardat31December |
11 |
4.926.997 |
4.926.997 |
(17.573.5481 |
|
|
2020 |
2020 |
2019 |
2019 |
Asat31December2020 |
|
|
|
|
|
|
Note |
£ |
£ |
£ |
£ |
Currentassets |
|
|
|
|
|
Debtors |
9 |
6,325 |
|
208 |
|
Cashatbankandinhand |
|
17,278,181 |
|
332,596 |
|
Totalcurrentassets |
|
|
17,284,506 |
|
332,804 |
Creditors:amountsfallingdue |
|
|
|
|
|
withinoneyear |
10 |
|
(12.118,379) |
|
(6,534,103) |
Netcurrentassets/diabillties) |
|
|
5,166,127 |
|
(6,201,299) |
Creditors:amountsfallingdue |
|
|
|
|
|
aftermorethanoneyear |
10 |
|
(239,130) |
|
(11,372,249) |
Netassets/diabilities) |
|
|
4,926,997 |
|
(17,573,548) |
Thefundsofthecharity |
|
|
|
|
|
Unrestrictedfunds |
11&12 |
|
4,928,997 |
|
(17,573,548) |
Totalcharityfunds/(deficit) |
|
|
4,926,997 |
|
(17,573,548) |
Fortheyearended31December2020 |
|
2020 |
2019 |
|
Note |
£ |
£ |
Cashflowsfromoperatingactivities: |
|
|
|
Netcashusedinoperatingactivities |
A |
16,821,348 |
305,581 |
Cashflowsfrominvestingactivities: |
|
|
|
Dividendsandinterestfrominvestments |
|
124,237 |
3,384 |
Netcashprovidedbyinvestmentactivities |
|
124,237 |
3,384 |
ChangeIncashandcashequivalentsinthe |
|
|
|
reportingperiod |
|
16,945.585 |
308,965 |
Cashandcashequivalentsatthebeginningofthe |
|
|
|
period |
|
332,596 |
23,631 |
Cashandcashequivalentsattheendoftheperiod |
|
17,278,181 |
332,596 |
Thenotesonpages13to21formpartofthesefinancial |
statements. |
|
|
A.Reconciliationofnetincometonetcash |
fromoperatingactivities |
|
|
|
|
2020 |
2019 |
|
Note |
£ |
£ |
Netincome/(deficit)forthereportingperiod |
|
22,500,545 |
(17.631,805) |
Adjustmentsfor: |
|
|
|
Dividendsand-interestfrominvestments |
|
(124,237) |
(3.384) |
(lncrease)/decreaseindebtors |
|
(6,117) |
35,058 |
(Decrease)/increaseIncreditors |
|
(5,548,843) |
17,905,712 |
Netcashusedinoperatingactivities |
|
16.821.348 |
305,581 |
|
Unrestricted |
2019 |
|
funds |
|
|
|
Total |
|
£ |
£ |
Incomefrom: |
|
|
Donations |
1,350,000 |
1,350,000 |
Investments |
3,384 |
3,384 |
|
1,353,384 |
1,353,384 |
Expenditureon: |
|
|
Charitableactivities |
(18,985,189) |
(18,985,189) |
Netincome |
(17,631,805) |
(17,631,805) |
Totalfundsbroughtforwardat1 |
|
|
Januarv2019 |
58,257 |
58,257 |
Totalfundscarriedforwardat |
|
|
31December2019 |
(17,573,548) |
(17.573,548) |
|
|
1 |
|
|
2020 |
2019 |
|
Unrestricted |
Total |
Total |
|
funds |
funds |
Funds |
Donations |
£ |
£ |
£ |
Trustees |
18,290,900 |
18,290,900 |
1,080,000 |
HMRGGiftAid |
4.572,725 |
4,572,725 |
270,000 |
|
22,863,625 |
22,863;625 |
1,350,000 |
|
Grant |
|
2020 |
2019 |
|
funding |
Support |
Total |
Total |
|
activities |
costs |
funds |
funds |
|
|
£ |
£ |
|
Gresham'sProject |
|
36,296 |
36,296 |
18,770,315 |
Arts,Culture,Heritage |
|
|
|
|
andScience |
11,450 |
73 |
11,523 |
127,647 |
Healthcare |
439,425 |
73 |
439,498 |
^,227 |
|
450,875 |
36,442 |
487,317 |
18,985,189 |
Supportcosts |
|
|
2020 |
2019 |
|
|
|
£ |
£ |
ProfessionalFees |
|
|
29,175 |
17,704 |
Generaladministrationcosts |
|
|
667 |
17 |
Govemancecosts:Auditorremuneration |
|
|
6,600 |
2,648 |
|
|
|
36,442 |
20,639 |
GreshamsProject |
2020 |
2019 |
|
£ |
£ |
Professionalfees |
|
824,876 |
Fittingout& Directcosts |
|
2,643 |
Surveys& Investigations |
|
24,769 |
Committedcostsnotyetpaid |
|
17.897,712 |
|
|
18,750,000 |
Arts,Culture,HeritageandScience |
2020 |
2019 |
|
£ |
£ |
TheBurmaStarMemorialFund |
10,000 |
|
BatheastonVillageHall |
500 |
|
ThePassage |
100 |
|
WorldSports |
100 |
|
TheHolbourneMuseum |
550 |
|
Otherdonations |
200 |
|
SinfoniaLondon |
- |
105,000 |
NationalCoastGuardInstitution |
- |
10,000 |
StJohntheBaptistChurch,OldSodbury |
- |
10,000 |
HoltFestival |
- |
2,500 |
SodburyValeBenefice |
- |
100 |
SkenfrithChurch |
|
^ |
|
11,450 |
127,620 |
Healthcare |
2020 |
2019 |
|
£ |
£ |
CureEB |
433,625 |
|
CCLG(NickWorboysCharity) |
5,000 |
5,000 |
BobChampionCancerTrust |
500 |
|
Maggie'sCancercentres |
200 |
|
NaomiHouseandJack'splace |
100 |
|
SohanaResearch |
- |
75,000 |
ScrewCancer |
- |
5,000 |
RoyalMarsdenCancer |
- |
1,000 |
Children'sCancerandLeukaemiaGroup |
- |
1,000 |
DimblebyCancerCareCharity |
: |
200 |
|
439.425 |
87,200 |
hisisstatedaftercharging: |
|
|
|
2020 |
2019 |
|
£ |
£ |
Auditor'sremunerationforauditservices |
5,500 |
1.500 |
|
2020 |
2019 |
|
£ |
£ |
AccruedIncome |
6,235 |
208 |
|
2020 |
2019 |
|
£ |
£ |
Amountsfallingduewithinoneyear: |
|
|
TradeCreditors |
2,280 |
6,840 |
AccrualsforgrantsowedtoGresham's |
12,109,499 |
6,525,463 |
Otheraccruals |
6,600 |
1,800 |
|
12,118,379 |
6,534,103 |
Amountsfallingdueaftermorethanoneyear: |
|
|
AccrualsforgrantsowedtoGresham's |
239,130 |
11,372,249 |
|
12,357,509 |
17,906,352 |
ReconciliationofgrantsowedtoGresham's; |
£ |
|
2019 |
|
|
Amountsfallingduewithinoneyear |
6,525,463 |
|
Amountsfallingdueaftermorethanoneyear |
11,372.249 |
|
Totaldueasat31December2019 |
17,897,712 |
|
2020 |
|
|
Amountspaidduring2020 |
(5,549,083) |
|
Totalowingasat31December2020 |
12,348,629 |
|
Representedby: |
|
|
Amountsfallingduewithinoneyear |
12,109,499 |
|
Amountsfallingdueaftermorethanoneyear |
239,130 |
|
|
12,348,629 |
|
Currentyear |
|
|
|
|
|
At1 January |
|
|
At31December |
|
2020 |
Income |
Expenditure |
2020 |
|
|
£ |
£ |
|
Unrestrictedfunds |
|
|
|
|
GeneralFunds |
(17,573.548) |
22.987.862 |
(487.317) |
4,926,997 |
|
(17,573.548) |
22.987.862 |
(487.317) |
4,926,997 |
|
At1 January |
|
At31December |
Prioryear |
2019 |
IncomeExpenditure |
2019 |
Unrestrictedfunds |
|
|
|
Generalfunds |
58,257 |
1,353,384(18.985.189) |
(17,573,548) |
|
58,257 |
1,353,384(18,985,189) |
(17.573.548) |
|
NetCurrent |
Non-current |
Total |
|
Assets |
liabilities |
|
Unrestrictedfunds |
5,380,203 |
(453.206) |
4.926.997 |
Totalfunds |
5.380.203 |
(453.206) |
4.926.997 |
|
NetCurrent |
Non-current |
|
|
liabilities |
liabilities |
Total |
Unrestrictedfunds |
6.201.299 |
11.372.249 |
17.573.548 |
Totalfunds |
6,201.299 |
11.372.249 |
17.573.548 |