| Pages | |||
|---|---|---|---|
| Trustees' Annual Report |
|||
| Independent Examiner's |
Report | ||
| Statement ofFinancial Activities | |||
| Summary income and Expenditure |
Account | ||
| Balance Sheet | |||
| Statement ofCash flows | |||
| Notes to the Accounts | |||
| Detailed Statement ofFinancial Activities |
| for the yea | r ended 30April 2 | 022 | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | |||||
| funds | funds | Total funds | Total funds | |||
| 2022 | 2022 | 2022 | 2021 | |||
| Notes | ||||||
| Income and | endowments | |||||
| from: | ||||||
| Donations | and legacies | 570,000 | 39,088 | 609,088 | 1,151,000 | |
| Total | 570,000 | 39,088 | 609,088 | 1,151,000 | ||
| Expenditure | on: | |||||
| Charitable | activities | 604,700 | 604,700 | 1,520,000 | ||
| Other | 42,626 | 42,626 | 200,740 | |||
| Total | 647,326 | 647,326 | 1,720,740 | |||
| Net gains on | investments | |||||
| Net expenditure | (77,326) | 39,088 | (38,238) | (569,740) | ||
| Transfers between funds |
||||||
| Net expenditure before other gains/(fosses) |
(77,326) | 39,088 | (38,238) | (569,740) | ||
| Other gains and losses | ||||||
| Net movement in funds |
(77,326) | 39,088 | (38,238) | (569,740} | ||
| Reconciliation | offunds: | |||||
| Total funds brought forward | 111,197 | 111,197 | 680,937 | |||
| Total funds carried forward | 33,871 | 39,088 | 72,959 | 111,197 |
| for the year ende | d 30April 2022 | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Income | 609,088 | 1,151,000 | |
| Gross income forthe year | 609,088 | 1,151,000 | |
| Expenditure | 647,326 | 1720,740 | |
| Total expenditure | for the year | 647,326 | 1,720,740 |
| Net expenditure | before tax for the year | (38,238) | (569,740) |
| Net expenditure | forthe year | (38,238) | (663,740) |
| Company No. |
08977155 | Notes | 2021 | |
| Current assets | ||||
| Cash at bank and in hand | 72,958 | 111,197 | ||
| 72,958 | 111,197 | |||
| Net current assets | 72,958 | 111,197 | ||
| Total assets less current liabilities | 72,958 | 111,197 | ||
| Net assets excluding pension asset or liability | 72,958 | 111,197 | ||
| Total net assets | 72,958 | 111,197 | ||
| The funds ofthe charity | ||||
| Restricted funds | ||||
| Restricted income funds | 39,087 | |||
| 39,087 | ||||
| Unrestricted funds |
||||
| General funds | 33,871 | 111,197 | ||
| 33,871 | 111,197 | |||
| Reserves | ||||
| Total funds | 72,958 | 111,197 |
| for the year ended 30April 2022 | |||
|---|---|---|---|
| 2022 | 2021 | ||
| Cash flows from operating activities |
|||
| Net expenditure per Statement ofFinancial |
Activities | (38,238) | (569,740) |
| Net cash used in operating activities |
(38,238) | (569,740) | |
| Net cash from investing activities |
|||
| Net cash from financing activities |
|||
| Net decrease in cash and cash equivalents | (38,238) | (569,740) | |
| Cash and cash equivalents at the beginning |
ofthe year | 111,197 | 680,937 |
| Cash and cash equivalents at the end ofthe |
year | 72,959 | 111,197 |
| Components ofcash and cash equivalents Cash and bank balances |
72,958 | 111,197 | |
| 77,998 | 111,197 |
| Basis ofpreparation | Basis ofpreparation | ||||||
|---|---|---|---|---|---|---|---|
| The financial statements have been prepared in accordance with Accounting |
and Reporting | by Charities: | |||||
| Statement ofRecommended Practice applicable to charities preparing their accounts in accordance |
with | ||||||
| the Financial Reporting Standard applicable in the UK and Republic ofIreland |
(FRS102)(effective | 1 | |||||
| January 2015) - (Charities SORP (FRS102)),the Financial Reporting Standard |
applicable in the UK |
and | |||||
| Republic of Ireland | (FRS102)and the Companies Act 2006. |
||||||
| Change in basis of | accounting orto previous accounts | ||||||
| There has been no | change to the accounting policies (valuation rules and method ofaccounting) |
since | |||||
| last year and no changes have been made to accounts for previous years | |||||||
| Fund accounting | |||||||
| Unrestricted funds |
These are available for use at the discretion ofthe trustees in furtherance |
ofthe | |||||
| general objects ofthe charity. | |||||||
| Designated funds |
These are unrestricted funds earmarked by the trustees |
for particular purposes. |
|||||
| Revaluation funds |
These are unrestricted funds which include a revaluation |
reserve representing | the | ||||
| restatement ofinvestment assets at their market values. |
|||||||
| Restricted funds | These are available for use subject to restrictions imposed |
by the donor | or | through | |||
| terms ofan appeal. | |||||||
| Income | |||||||
| Recognition of | Income is included in the Statement ofFinancial Activities |
(SoFA) when | the | charity | |||
| income | becomes entitled to, and virtually certain to receive, the |
income and the amount of | |||||
| the income can be measured with sufficient reliability |
|||||||
| Income with related | Mfhere income has related expenditure the income and related expenditure |
is | |||||
| expenditure | reported gross in the SoFA | ||||||
| Donations and |
Voluntary income received by way ofgrants, donations and gifts is included |
in the | |||||
| legacies | the SoFA when receivable and only when the Charity has |
unconditional | |||||
| entitlement to the income |
|||||||
| Tax reclaims on |
Income from tax reclaims is included in the SoFA at the same time as the |
||||||
| donations and gifts |
gift/donation to which it relates. |
||||||
| Donated services | These are only included in income (with an equivalent amount in expenditure) |
||||||
| and facilities | where the benefit to the Charity is reasonably quantifiable, |
measurable | and | ||||
| material. | |||||||
| Volunteer help |
The value ofany volunteer help received is not included in |
the accounts. | |||||
| Investment income |
This is included in the accounts when receivable. |
||||||
| Gains/(losses) on |
This includes any gain or loss resulting from revaluing investments to market |
value | |||||
| revaluation offixed |
at the end ofthe year. | ||||||
| assets | |||||||
| Gains/(losses) on |
This includes any gain or loss on the sale ofinvestments. | ||||||
| investment assets |
| ips Education Found | ips Education Found | ation Ltd |
|
|---|---|---|---|
| s tothe Accounts | |||
| Expenditure Recognition expenditure |
of | Expenditure is recognised on an accruals basis Expenditure includes any VAT which cannot be fully recovered, and is reported as part ofthe expenditure to which it |
|
| relates. | |||
| Expenditure | on | These comprise the costs associated with attracting voluntary |
income, fundraising |
| raising funds Expenditure |
on | trading costs and investment management costs. These comprise the costs incurred by the Charity in the delivery ofits activities and |
|
| charitable activities |
services in the furtherance of its objects, including the making |
ofgrants and | |
| governance costs. |
|||
| Grants payable | All grant expenditure is accounted for on an actual paid basis |
plus an accrual for | |
| grants that have been approved by the trustees at the end of |
the year but not yet | ||
| paid. | |||
| Governance | costs | These include those costs associated with meeting the constitutional and statutory |
|
| requirements ofthe Charity, including any audit/independent |
examination fees, |
||
| costs linked to the strategic management ofthe Charity, together with a share of |
|||
| other administration costs. |
|||
| Other expenditure | These are support costs not allocated to a particular activity. |
| 3 Stateme |
t ofFinancial | Activities -prior | year | |||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | ||||||||
| funds | Total funds | |||||||
| 2021 | 2021 | |||||||
| Income and | endowments | from: | ||||||
| Donations | and legacies | 1,151,000 | 1,151,000 | |||||
| Total | 1,151,000 | 1,151,000 | ||||||
| Expenditure | on: | |||||||
| Charitable | activities | 1,520,000 | 1,520,000 | |||||
| Other | 200,740 | 200,740 | ||||||
| Total | 1,720,740 | 1,720,740 | ||||||
| Net income | (569,740) | (569,740) | ||||||
| Net income before other | ||||||||
| gains/(losses) | (569,740) | (569,740) | ||||||
| Other gains and losses: | ||||||||
| Net movement | in funds | (569,740} | (569,740) | |||||
| Reconciliation | offunds: | |||||||
| Total funds brought forward | 680,937 | 680,937 | ||||||
| Total funds carried forward | 111,197 | 111,197 | ||||||
| 4 | income from donations | and legacies | ||||||
| Unrestricted | Restricted | Total | Total | |||||
| 2022 | 2021 | |||||||
| Gordon Phillips | 193,000 | |||||||
| Hilary Phillips | 192,000 | |||||||
| Gordon S.Hilary Phillips | 570,000 | 570,000 | 766,000 | |||||
| Ukraine Fund |
39,088 | 39,088 | ||||||
| 570,000 | 39,088 | 609,088 | 1,151,000 | |||||
| 5 | Expenditure | on charitable | activities | |||||
| Unrestricted | Total | Total | ||||||
| 2022 | 2021 | |||||||
| Expenditure | on charitable | |||||||
| acti vities | ||||||||
| Grants made | 604,700 | 604,700 | 1,520,000 | |||||
| Governance | costs | |||||||
| 604,700 | 604,700 | 1,520,000 |
| 6 | Analysis ofgrants | ||||
|---|---|---|---|---|---|
| Grants to | |||||
| Activity or programme | Institutions | Total 2022 |
Total 2021 |
||
| Duke of Edinburgh | 504,700 | 504700 | 1500 000 | ||
| Princes Trust | |||||
| Knole Academy | 100,000 | 100,000 | |||
| Royai Marsden | 604,700 | 604,700 | 20,00G 1,520,000 |
||
| Actw&ties | |||||
| undertaken | |||||
| Activity or programme | directly | Total 2022 |
Total 2021 |
||
| Duke of Edinburgh | 504,700 | 504,700 | 1,500,00G | ||
| Princes Trust | |||||
| Knole Academy Roya I Marsden |
100,000 604,700 |
100,000 604700 |
20,000 1520000 |
||
| 7 | Other expenditure | ||||
| Unrestricted | Total | Total | |||
| 2022 | 2021 | ||||
| Direct Costs | 42,579 | 42,579 | 200,667 | ||
| General administrative | costs | 47 | |||
| 42,626 | 42,626 | 200,740 |
| Move | ment | in funds | |||||
|---|---|---|---|---|---|---|---|
| Incoming | |||||||
| resources | |||||||
| (including | Resources | At 30April | |||||
| other | expended | 2022 | |||||
| At 1May | gains/losses | ||||||
| 2021 | ) | ||||||
| Restricted funds: | |||||||
| Restricted income funds: | |||||||
| Ukraine | Fund | 39,088 | 39,088 | ||||
| Total | 39,088 | 39,088 | |||||
| Unrestricted | funds: | ||||||
| General | funds | 111,197 | 570,000 | (647,326) | 33,871 | ||
| Totalfunds | 111,197 | 609,088 | (647,326) | 72,959 | |||
| Purposes | and | restrictions | in relation to the funds: | ||||
| Restricted funds: | |||||||
| Ukraine | Fund |
| 9 | Analysis ofnet assets between funds |
|||
|---|---|---|---|---|
| Unrestricted | ||||
| Total | ||||
| funds | ||||
| Net current assets | 72,958 | 72,958 | ||
| 72,958 | 72,958 | |||
| 10 | Reconciliation ofnet debt | |||
| At 2 May | At 30April | |||
| 2021 | Cash flows | 2022 | ||
| Cash and cash equivalents | 111,197 | (38,239) | 72,958 | |
| 111,197 | (38,239) | 72,958 | ||
| Net debt | 111,197 | (38,239) | 72,958 | |
| 11 | Related party disclosures | |||
| Controlling party |
| Unrestricte | Restricted | |||||
|---|---|---|---|---|---|---|
| d funds | funds | Total funds | Total funds | |||
| 2022 | ZOZZ | 2022 | 2021 | |||
| E | ||||||
| Income and endowments | from: | |||||
| Donations and legacies Gordon Phillips Hilary Phillips Gordon &Hilary Phillips Ukraine Fund |
570,00G 570,000 |
39,088 39,088 |
570,000 39,088 609,088 |
193,GOO 192,000 766,000 1,151,000 |
||
| Total income and endowments | 570,000 | 39,088 | 609,088 | 1,151,000 | ||
| Expenditure on: |
||||||
| Charitable activities |
||||||
| Grants made | 604,700 604,700 |
604,700 604,700 |
1,520,000 1,520,000 |
|||
| Total ofexpenditure | on | charitable | 604,700 | 604,700 | 1,520,000 | |
| activities | ||||||
| Other expenditure , Direct Costs |
42,579 42,579 |
42,579 42,579 |
200,667 200667 |
|||
| General administrative | costs, | |||||
| including depreciation |
and | |||||
| amortisation | ||||||
| Bank charges | 47 | 47 47 |
73 73 |
|||
| Total ofexpenditure | of | other costs | 42,626 | 42,626 | 200,740 | |
| Total expenditure | 647,326 | 647,326 | 1,720,740 | |||
| Net gains on investments | ||||||
| (77,326) | 39,088 | (38,238) | (569,740) | |||
| Net expenditure | ||||||
| Net expenditure before |
other | (77,326) | 39,088 | (38,238) | (569,740) | |
| gains/(losses) | ||||||
| Other Gains | ||||||
| Net movement in funds |
(77,326) | 39,088 | (38,238) | (569,740) | ||
| Reconciliation offunds: | ||||||
| Total funds brought | forward | 111,197 | 111197 | 680,937 | ||
| Total funds carried | forward | 33,871 | 39,088 | 72,959 | 111,197 |