||||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|