2021-08-31-accounts - Avanti Foundation Limited

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Group strategic report	1to2
Report ofthe Trustees	3to 5
Report ofthe Independent Auditors	6to 9
Consolidated Statement ofFinancial Activities	10
Consolidated Balance Sheet
Individual Charity Balance Sheet	12
Group Cash Flow Statement	13
Notes to the Group Cash Flow Statement	14
Notes to the Consolidated Financial Statements	15to 24

								2021	2020
						Unrestricted	Restricted	Total	Total
						Funds	Funds	Funds	Funds
					Note	5	5
TURNOVER									3,658
INCOME AND ENDOWMENTS				FROM
Income	from:
Donations and		legacies			3	185,702	3,963,747	4,149,449	130,814
Charitable	activities				5
	Fundraising	events				5,944		5,944	36,952
	Education					469,999		469,999	183,392
	Restaurant					116,225		116,225	99,286
	Yoga					220		220	12,478
	Investment	income			4	11		11	16
	Other income				6	149,457		149,457	112,511
Total						927,558	3,963,747	4,891,305	579,107
EXPENDITURE ON
Charitable	activities
	Fundraising	events				54,942		54,942	49,703
	Development nutrition and		and promoting well-being			7,246	17,847	25,093	96,973
	Development		ofeducation			508,034		508,034	702,210
	General					257,207		257,207	171,518
	Restaurant					85,287		85,287	126,508
	Yoga					3,785		3,785	35,922
Total						916,501	17,847	934,348	1,182,834
Net gains/(losses) on investments						(26,318)		(26,318)
NET INCOME/(EXPENDITURE)						(15,261)	3,945,900	3,930,639	(603,727)
RECONCILIATION OF			FUNDS
Total funds brought forward						99,261		99,261	702,988
TOTAL FUNDS CARRIED FORWARD						84,000	3,945,900	4,029,900	99,261

		Note	Unrestricted	Restrictsd	Total	Total
			Furld	Fu/Id	Fur/de	Furr/Is
			2021	2021	2021	2020
			6	6	6	5
FIXEDASSETS
Investments		14				40,000
Tangible assets		13			4,512,064	620,759
			566,164	3,945,900	4,512,084	660,759
CURRENT ASSETS
Debts/s		15	137,078		137,078	109,267
Cash at bank and in hand			523 325		523,325	456,106
			660,403		880,403	565,373
CREDITORS
Amounts falling due within one	year	16	(353,682)		(353,882)	(238,323)
NET CURRENT ASSETS/(LIASILITIES)			306721		306,721	327,050
TOTAL ASSETSLESSCURRENT
UASILITIES			872,885	3,945,900	4,818,785	987,809
CREDITORS
Amounts falling due aflsr more	than one year	17	(788,885)		(788,885)	(883,548)
NET ASSETS/(LIASILTIES)				3,945,900	4,029,900	99,281
FUNDS
Unmstdcted funds		20			84,000	99,281
Restncted funds					3,946,900
TOTAL FUNDS					4,029,900	99,261
Charity's income/(expenditure)	forthe finandal	year				603,72

				2021	2020
		Unrestricted	Restricted	Total	Total
	Notes	fund f	funds f	funds f	funds F
FIXEDASSETS
Tangible assets	13		3,945,900	3,945,900
Investments	14	1,112		1 112	40,100
		1,112	3,945,900	3,947,012	40,100
CURRENT ASSETS
Debtors	15	43,627		43,627	17,415
Cash at bank		106,252		106,252	82,790
		149,879		149,879	100,205
CREDITORS
Amounts falling due within one year	16	(49,630)		(49,630)	(26,663)
NET CURRENT ASSETS		100,249		100,249	73,542
TOTAL ASSETS LESSCURRENT
UABILITIES		101,361	3,945,900	4,047,261	113,642
CREDITORS
Amounts falling due after more than one year 17		(38,333)		(38,333)	(50,000)
NET ASSETS		63.020	3,945,900	4.D00.928	63,042
FUNDS	20
Unresb icted funds				63,028	63,642
Restricted funds				3,045000
TOTAL FUNDS				4,0D8,920	63.642

				2021	2020
			Notes	5
Cash flows from operating		activities
Cash generated from operations Interest paid			1	4,016,315 ~13155	(416,655) ~12,435
Net cash provided by/(used		in) operating	activities	4,003,160	429,085
Cash flows from investing		activities
Purchase oftangible fixed assets				(3,957,090)	(499,920)
Purchase offixed asset investments					(20,000)
Sale tangible fixed assets				366
Sale offixed asset investments				13,682
Interest received				11	16
Net cash used in investing	activities			3,943,031	519,904
Cash flows from financing		activities
New loans in year				11,257	490,048
Loan received in year Loan repayments in year				~4,153	105,000
Net cash (used in)/provided		by financing	activities	,090	595,048
Change in cash and cash		equivalenia
in the reporting period				67,219	(353,941)
Cash and cash equivalents		at the
beginning ofthe reporting		period		456,106	810,044
Cash and cash equivalents		at the end
ofthe reporting period				523,325	456,106

RECONCILIATION	OF	OF	NET INCOME/(EXPENDITURE)	NET INCOME/(EXPENDITURE)	NET INCOME/(EXPENDITURE)	NET INCOME/(EXPENDITURE)	TO	NET CASH	FLOW FROM	OPERATING
ACTIVITIES
									2021 6	2020 f
Net income/(expenditure)				forthe reporting		period (as	per the
Statement ofFinancial			Activities)						3,930,639	(603,727)
Adjustments for:
Depreciation charges									65,420	40,831
Losses on investments									26,318
Interest received									(11)	(16)
Interest paid									13,155	12,430
(Increase)/decrease	in	debtors							(27,811)	28,499
Increase/(decrease)	in	creditors							8,605	105,328
Nst cash provided	by/(used				in) operations				4,016,315	416,655
ANALYSIS OF CHANGES				IN	NET FUNDS
							At 1.9.20		Cash flow f	At 31.8.21 f
Net cash
Cash at bank								~456 106	67,219	523,325
								456,106	67,219	523,325
Debt
Debts falling due within			1 year					(1,500)	(88,000)	(89,500)
Debts falling due after		1	year					~673915	92,167	~581,748
								675,415	4,167	671,248
Total								219,309	~71 386	~147923

Fundralslng	events
Education
Restaurant
Yoga

2021	2020
	8
4,149,449	130,814
2021f	2020f
11	18
2021f	2020f
5,944	36,952
469,999	183,392
116,225	99,286
220	12,478
592,388	332,108
2021	2020
f	f
149457	112,511

				Direct	Support
				Costs	costs (see	Totals	Totals
					note 8)
				2021f	2021f	2021f	2020 f
Fundralsing	events			54,942		54,942	49,703
Development	and promoting	nutrition	and well-being	13,441	11,652	25,093	96,973
Development	ofeducation			474,030	34,004	508,034	702,210
General				257,207		257,207	171,518
Restaurant				69,773	15,514	85,287	126,508
Yoga				3,785		3,785	35922

SUPPORT C	OSTS
							Governance
				Finance	Other		coals	Totals	Totals
				2021	2021		2021	2021	2020
				7	f		f	f	f
Development	and promo8ng	nutrition	and
well-being				221		354	11,077	11,852	23,178
Development	ofeducafion			483			33,521	34,004	91,950
General
Reslauniii't				14,014			1,500	15,514	14,245
				14,718		354	46,098	61,170	129,373

Net income/(expenditure)	Net income/(expenditure)
		2021	2020
		6	6
Auditors'	remunerafion	6,600
Depreciafion - owned assets		65,419	40,832
		72019	40,832

STAFFCOSTS
										2021		2020
												6
Wages and salaries Social security costs										369,250 8,017		437,674 30,426
Other pension costs										7,048		6,195
										384315		474 295
Ths average monthly	number ofemployees		during	the year was as follows:
										2021		2020
Admln staff											1	3
Educafion slaff											9	7
Restaurant and events staff											8	9
											18	19
The average number	ofemployees	by undertakings		that were proportionately			consolidated		during the year was 18			(2020-19).
The number ofemployees whose		employee	benefits (exduding		employer	pension		costs) exceeded		660,000	was:
										2021		2020
SO,oat —670,000												1
COMPARATIVES FORTHE STATEMENT			OF FINANCIAL ACTIVITIES
					Unreshlcted			Restricted				Total
					fund			funds		Other		funds
						6		5		6		f.
TURNOVER										3,658		3,658
INCOME AND ENDOWMENTS FROM
Donations and legacies					130,814							130,814
Charitable activities
Fundraising	events					36,952						3S,952
Education					183,392							183,392
Restaurant						99,286						99,286
Yoga						12,4/8						12,478
Investment	income						16					16
Other income					102,511					10,000		112,511
Total					565,449					13,658		579,107

FIXEDASSETINVESTMENTS Company
	Shares in
	group
	undertakings
	5
COST
At 1 September 2020	40,100
Addmons	1,012
Oisposals	(40,000)
At 31August 2021
NET BOOK VALUE	1,112
At 31August 2021
At 31August 2020

			Group		Company
			2021f	2020	2021 5	2020
Trade debtors			7,167	2,896	460
Amounts owed by group undertakings					9,465	7,823
Other debtom			72,393	80,991		5,095
Prepayments	and accrued	income	57,518	25,380
			137,078	109,267	43,627	17,415
CREDITORS:	AMOUNTS	FALLING DUE WITHIN ONE YEAR
			Group		Company
			2021	2020	2021	2020
			2	2	2	2
Bank loans and overdmfls			38,000	1,500	10,000
Otherloans			50,000
Finance leases			20,254
Trade creditors			170,977	131,360	29,376	13248
Sodal security	and other taxes		7,101	2,488	47	569
Other creditors			25,750	65,824	133	304
Accrued expanses			41,600	37,151	10,074	12,542

CREDITORS: AIEOUNTS FALLING AF	TER MORE THAN ONE YEA	R
	Group		Company
	2021	2020	2021	2020
	8	5		6
Bank loans and overdrafts	146,335	188,500	38,333	50,000
Olherloans	435,415	485,415
Finance leases
			38,333	50,000

LOANS
An analysis ofthe maturliy ofloans is given below:
	Group		Company
	2021	2020	2021	2020
	8	6	8	6
Amounts fafilng due within one year on demand;
Bank loans	38,000	1,500	10,000
Otherloans	50,000
Amounts falling between one and two yean:
Bank loans - 1-2years
Amounts falling due bebreen two and five yearn: Bank loans -2-5 years
Amounts falling due in more than five yeann
Repayble olherwlss than by installments:
Other loans more 5yrs non-inst

Minimum lease p	ayments under finance	leases fall due as follows:
			Finance	leases
		Group			Company
		2021	2020	2021		2020
		5	5	6		8
Gross obfigations	repayable
Within one year		33,010	12,756
Between one and	five yearn	258,159	231,073
In more than five	years		34,584
		291,169	278,413
Finance charges	repayable
Within one year		12,756	12,756
Between one and	five years
		63,780	63,780
Net obligations repayable
Within one year		20,254
Between one and	five years	207,135	180,049
In more than five	years		34,584

								Net	Transfers
								nlovBnlsnt	between
							At 1.920	in funds	funds	At 31.821
							E	E	E	E
Unrestricted		funds
Genemlfund							98,261	(15,261)	(1,035)	81,965
Designated	fund						1,000		1,035	2,035
Restricted funds
Propwty								3,945,900		3,945,900
TOTALFUNDS							99261	3930639
Net movement		in funds, induded			in the above	are as follows:
							Incoming	Resources	Gains and	Movement
						IBSOUKBS f		expended E	lossesf	in funds f
Unrestricted		funds
General fund							927,558	(916,501)	(26,318)	(15,261)
Restricted funds
Properly							3,957,090	(11,190)		3,945,900
Endowment							6,657	(6,657)
TOTALFUNDS
Comparatlves		for movement		In	funds
								Net	Transfers
								movement	between
							At 1.9.19	in funds	funds	At31.820
							E	E	E	E
Unrestricted		funds
General fund							701,988	(603,727)	(287)	97.974
Designated	fund						1,000		287	1,287
TOTALFUNDS
Compara5ve		net movement	in	funds, induded		in the	above are as	fo8ows:
							Incoming	Resources	Movement
						IBSOBKBS		BxpendBd	in funds
							E	E	F.
Unrestricted		funds
General fund							579,107	(1,182,834)	(603,727)
TOTAL FUNDS

Acurrent y	ear 12months nnd prior	year 12months combined pos	ition isas follow	s:
			Net	Transfers
			movement	between
		At1.9.19	in funds	funds	At 31.8.21
		f	E	E
Unrestricted	funds
General fund		701,988	(618,988)	(1,322)	81,678
Designated	fund	1,000		1,322	2,322
Restricted	funds
Property			3,945,900		3,945,900
TOTAL FUNDS		702988	3326912

MOVEIEENT	IN FUNDS - condnued
		Incoming	Resources	Gains and	Movement
		resources 5	expended 5	losses 6	in funds f
Unrestricted	funds
General fund		1,506,665	(2,099,335)	(26,318)	(618,988)
Restricted funds
Property		3,957,090	(11,190)		3,945,900
Endowment		6,657	(6,657)