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|Reference and Administrative|Reference and Administrative|Details||
|---|---|---|---|
|Trustees' Report|||2 to 3|
|Suutegic Report||||
|Statement ofTrustees'|Responsibilities|||
|Independent
Auditors'|Report||6 to 8|
|Statement ofFinancial|Activities|||
|Balance Sheet|||IO|
|Statement ofCash Flows||||
|Notes to the Financial|Statements||12to I9|
||||Epic Foundation|UKLtd|UKLtd|UKLtd|
|---|---|---|---|---|---|---|
||||Reference and Administrative|||Details|
|||For the year ended 31December 2020|||||
|Trustees|||Mr Alexandre
Mars||||
||||Ms Myriam Vender Elst||||
||||Mr Charles Prevost||||
|Principal|Office||Suite I||||
||||3rd Floor||||
||||11-12St.James's Square||||
||||London||||
||||SWIY4LB||||
||||The charity is incorporated||in|England.|
|Company|Registration|Number|09614226||||
|Charity Registration||Number|1163753||||
|Solicitors|||Kirkland
8r.Ellis International|||LLP|
||||30StMary Axe||||
||||London||||
||||EC3A4TR||||
|Bankers|||HSBC||||
||||City ofLondon Branch||||
||||60 Queen Victoria Street||||
||||London||||
||||EC4N 4TR||||
|Auditor|||Flintham
Mackenzie
Audit||Limited||
||||Chartered
Accountants|and Statutory Auditors|||
||||277 - 279Chiswick High Road||||
||||London||||
||||W4 4PU||||
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||||and Lo|sses)|||
|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|
|||||funds|funds|2020|
||||Note||||
|Income and Endowments||from:|||||
|Donations
and legacies||||862,006|690,617|1,552,623|
|investment
income||||1||1|
|Total income||||862,007|690,617|1,552,624|
|Expenditure
on:|||||||
|Raising funds||||(893)||(893)|
|Charitable
acdvities||||(662,514)|(880,599)|(1,543,113)|
|Total expenditure||||(663,407)|(880,599)|(1,544,006)|
|Net income/(expenditure)||||198,600|(189,982)|8,618|
|Net movement
in funds||||198,600|(189,982)|8,618|
|Reconciliation
offunds|||||||
|Total funds brought|forward|||179,098|287,903|467,001|
|Total funds carried|forward||17|377,698|97,921|475,619|
|||||Unrestricted|Restricted|Total|
|||||funds|funds|2019|
||||Note||||
|Income and Endowments||from:|||||
|Donations
and legacies||||556,852|1,421,022|1,977,874|
|Investment
income|||||I|1|
|Total income||||556,852|1,421,023|1,977,875|
|Expenditure
on:|||||||
|Raising funds||||(96,722)||(96,722)|
|Charitable
activities||||(419,353)|(1,061,627)|(1,480,980)|
|Total expenditure||||(516,075)|(1,061,627)|(1,577,702)|
|Net income||||40,777|359,396|400,173|
|Net movement
in funds||||40,777|359,396|400,173|
|Reconciliation offunds|||||||
|Total funds brought|forward|||138,321|(71,493)|66,828|
|Total funds carried|forward||17|179,098|287,903|467,001|
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|||Balanc|e Sheet as at 31|December 202|0||
|---|---|---|---|---|---|---|
||||||2020|2019|
|||||Note||g|
|Current assets|||||||
|Debtors||||12||143|
|Cash at bank|and in hand|||13|546,757|898,907|
||||||546,757|899,050|
|Creditors: Amounts||falling due within|one year|14|(71,138)|(432,049)|
|Net assets|||||475,619|467,001|
|Funds ofthe|charity:||||||
|Restricted income funds|||||||
|Restricted funds|||||97,921|287,903|
|Unrestricted|income|funds|||||
|Unrestricted|funds||||377,698|179,098|
|Total funds||||17|475,619|467,001|
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|Statement o|fCash Flows for the Y|ear Ended 31D|ecember 2020|||
|---|---|---|---|---|---|
||||2020|2019||
|||Note||||
|Cash flows from operating
activities||||||
|Net cash income|||8,618|400,|173|
|Adjustments
to cash flows from non-cash items||||||
|Investment
income||||||
||||8,617|400,|172|
|Working capital adjustments||||||
|Decrease in debtors||12|143||498|
|(Decrease)/increase
in creditors||14|(360,911)|95,784||
|Decrease in deferred income||||(80,000)||
|Net cash flows from operating|activities||(352,151)|416,454||
|Cash flows from investing
activities||||||
|Interest receivable
and similar|income|||||
|Net (decrease)/increase
in cash|and cash equivalents||(352,150)|416,455||
|Cash and cash equivalents
at I|January||898,907|482,452||
|Cash and cash equivalents
at 31December|||546,757|898,907||
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||||Unrestricted||||
|---|---|---|---|---|---|---|
||||funds||||
|||||Restricted|Total|Total|
||||General|funds|2020|2019|
||||8|g|g||
|Donations|and legacies;||||||
|Donations||from individuals|862,006|690,617|1,552,623|1,977,874|
||||862,006|690,617|1,552,623|1,977,874|
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||||||||||Unrestricted|||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||funds|||
|||||||||||Total|Total|
||||||||||General|2020|2019|
|interest receivable|||and similar|||income;||||||
||Interest receivable|||on|bank deposits|||||||
|5|Expenditure||on|raising funds||||||||
|a)|Costs of|generating|||donations||and legacies|||||
||||||||||Unrestricted|||
||||||||||funds|||
|||||||||||Total|Total|
||||||||||General|2020|2019|
|||||||||Note||||
|Fund raising||events|||||||893|893|96,722|
|6|Expenditure||on|charitable||activities||||||
|||||||||Unrestricted||||
|||||||||funds||||
||||||||||Restricted|Total|Total|
|||||||||General|funds|2020|2019|
||||||Note|||||||
|Grant funding of||||||||||||
|activities||||||||449,413|880,599|1,330,012|1,218,778|
|Governance||costs||||||213,101||213,101|262,202|
|||||||||662,514|880,599|1,543,]13|1,480,980|
||||||Unrestricted|||||||
||||||funds|||||||
|||||||||Restricted||Total|Total|
||||||General|||funds|Other funds|2020|2019|
|||||||g||||||
|Sports||||||||119,668|19,179|138,847|183,144|
|Health||||||56,202||139,717|31,965|227,884|407,316|
|Education||||||116,279||369,999|78,847|565,125|673,]12|
|Social care|||||262,837|||219,282|76,716|558,835|60,256|
|Others||||||14,095||31,933|6,394|52,422|157,151|
||||||449,413|||880,599|213,101|1,543,113|1,480,979|
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|Governance
cost|s||||
|---|---|---|---|---|
||||Total|Total|
||||2020|2019|
||||g||
|Staff costs|||||
|Wages and salaries|||119,234|155,494|
|Social security|costs||9,812|20,514|
|Pension costs|||3,909|3,236|
|Audit fees|||||
|Audit ofthe financial||statements|8,000|8,000|
|Other fees paid|to auditors||13,307|13,571|
|Other governance|costs||58,839|61,387|
||||213,101|262,202|
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|9
Staffcosts
The aggregate
payroll costs were as follows:|||
|---|---|---|
||2020|2019|
||g||
|Staffcosts during the year were:|||
|Wages and salaries|119,234|155,494|
|Social security costs|9,812|20,514|
|Pension costs|3,909|3,236|
||132,955|179,244|
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|12 Debtors||||
|---|---|---|---|
|||2020|2019|
|Other debtors|||143|
|13 Cash and cash equivalents||||
|||2020|2019|
||||f|
|Cash at bank||546,757|898,907|
|14 Creditors: amounts|falling due within one year|||
|||2020|2019|
|Trade creditors|||238|
|Other creditors||58,138|418,811|
|Accrual s||13,000|13,000|
|||71,138|432,049|
|15 Pension and other|schemes|
|---|---|
|Defined contribution|pension scheme|
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||||||2020|2019|
|---|---|---|---|---|---|---|
|||||Note|||
|Total commitments|||||||
|17 Funds|||||||
|||||||Balance at31|
||||Balance at I|Incoming|Resources|December|
||||January 2020|resources|expended|2020|
||||g|g|||
|Unrestricted||funds|||||
|General|||179,098|862,007|(663,407)|377,698|
|Restricted|funds||287,903|690,617|(880,599)|97,921|
|Total funds|||467,001|1,552,624|(1,544,006)|475,619|
|||||||Balance at31|
||||Balance at I|Incoming|Resources|December|
||||January 2019|resources|expended|2019|
|||||g|||
|Unrestricted||funds|||||
|General|||138,321|556,852|(516,075)|179,098|
|Restricted|funds||(71,493)|1,421,023|(1,061,627)|287,903|
|Total funds|||66,828|1,977,875|(1,577,702)|467,001|
|18 Analysis ofnet assets between
fun|ds|||
|---|---|---|---|
||Unrestricted|||
||funds|||
|||Restricted||
||General|funds|Total funds|
|Current assets|448,836|97,921|546,757|
|Current liabilities|(71,138)||(71,138)|
|Total net assets|377,698|97,921|475,619|
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|Notes to the Financial|Statements
for the Year Ended|31December|2020|
|---|---|---|---|
||Unrestricted|||
||funds|||
|||Restricted||
||General|funds|Total funds|
|Current assets
Current liabilities|200,785
(16,212)|698,265
1415,837)|899,050
~432,049)|
|Total net assets|184,573|282,428|467,001|
|19 Analysis ofnet funds||||
|---|---|---|---|
||||At 31|
||At 1January|Financing|December|
||2020|cash flows|2020|
|Cash at bank and in hand|898,907|f
~352,350)|546,757|
|Net funds|898.9117|~352,350)|546,757|
||||At 31|
||At 1January|Financing|December|
||2019|cash flows|2019|
|Cash at bank and in hand|482,452|416,455|898,907|
|Net funds|482,452|416,455|898,907|
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|||Restricte|d funds||
|---|---|---|---|---|
||||Total||
||||Restricted|Restricted|
||||funds|funds|
||||2020|2019|
|Income and Endowments||from:|||
|Donations
and legacies|||690,617|1,421,022|
|Investment
income||||I|
|Total income|||690,617|1,421,023|
|Expenditure
on:|||||
|Charitable
activities|||(880,599)|(1,061,627)|
|Total expenditure|||~880,599|~1,061,627|
|Net (expenditure)/income|||(189,982)|359,396|
|Net movement
in funds|||(189,982)|359,396|
|Reconciliation
offunds|||||
|Total funds brought|forward||287,903|(71,493)|
|Total funds carried|forward||97,921|287,903|
##
##
|Detailed Sta|tem|ent||ofFinan|cial Activities for|the Year E|nded 31Decem|ber 2020|
|---|---|---|---|---|---|---|---|---|
||||||2020||2020||
||||||Unrestricted||||
||||||funds||||
|||||||Restricted||Total|
||||||General|funds|Total|2019|
|Income and Endowments|||from:||||||
|Donations
and legacies||(analysed|||||||
|below)|||||862,006|690,617|1,552,623|1,977,874|
|investment
income|(analysed|||below)|1||I|I|
|Total income|||||862,007|690,617|1,552,624|1,977,875|
|Expenditure
on:|||||||||
|Raising funds (analysed
below)
Charitable
activities (analysed
below)|||||(893)
~5662,554 ~888,599||(893)
~5„543,553|(96,722)
~1,435,950|
|Total expenditure|||||(663,407)|(880,599)|(1,544,006)|(1,577,702)|
|Net income/(expenditure)|||||198,600|(189,982)|8,618|400,173|
|Net movement
in funds|||||198,600|(189,982)|8,618|400,173|
|Reconciliation
offunds|||||||||
|Total funds brought|forward||||179,098|287,903|467,001|66,828|
|Total funds carried|forward||||377,698|97,921|475,619|467,001|
##
|||2020|2020|2020||
|---|---|---|---|---|---|
|||Unrestricted||||
|||funds||||
||||Restricted||Total|
|||General
f|fundsf|Totalf|2019|
|Donations|and legacies|||||
|Donations|and Legacies||690,617|690,617|1,421,022|
|Donations|and Legacies|862,006||862,006|556,852|
|||862,006|690,617|1,552,623|1,977,874|
||||2020|2020||
||||Unrestricted|||
||||funds|||
||||||Total|
||||General|Total|2019|
|Investment|income|||||
|Bank interest receivable||||||
|Bank interest receivable||||||
||||2020|2020||
||||Unrestricted|||
||||funds|||
||||||Total|
||||General|Totalf|2019|
|Raising funds||||||
|Events &|Summits||(893)
~893|(893)
~893|(96,722)
396.7223|
##
|Detailed State|ment ofFina|ncial Activities for|the Year End|ed 31Decemb|er 2020|
|---|---|---|---|---|---|
|||2020||2020||
|||Unrestricted||||
|||funds||||
||||Restricted||Total|
|||General|funds|Total|2019|
|Charitable
activities||||||
|Grants|||(880,599)|(880,599)|(1,061,627)|
|Grants payable||(449,413)||(449,413)|(157,151)|
|Office expenses||(1,198)||(1,198)||
|Accountancy
fees||(8,307)||(8,307)|(8,571)|
|Auditor's
fees||(8,000)||(8,000)|(8,000)|
|Auditors'
remuneration|-non audit|||||
|work||(5,000)||(5,000)|(5,000)|
|Wages and salaries||(119,234)||(119,234)|(155,494)|
|Staff NIC (Employers)||(9,812)||(9,812)|(20,514)|
|Pension cost||(3,909)||(3,909)|(3,236)|
|Travel ling||(5,374)||(5,374)|(29,259)|
|Insurance||(2,322)||(2,322)|(4,073)|
|Sundry expenses||(835)||(835)|(750)|
|Advertising|||||(1,058)|
|Consultancy
fees||(23,373)||(23,373)||
|Legal and professional|fees|(24,941)||(24,941)|(25,611)|
|Bank charges||(796)||(796)|(636)|
|||(662,514)|(880,599)|(1,543,113)|(1,480,980)|