| Page | ||
|---|---|---|
| Legal and Administrative | Information | |
| Chairman's statement |
2-3 | |
| Report ofthe Trustees | 4-7 | |
| Independent Auditors' |
Report to the Trustees' | 8-11 |
| Statement of Financial | Activities | 12 |
| Balance Sheet | 13 | |
| Cashflow Statement | 14 | |
| Notes tothe Financial | Statements | 15-21 |
| Note | ||||||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| E | E | |||||
| Current assets | ||||||
| Debtors | 4,173,977 | 7,584,729 | ||||
| Cash at bank | and in | hand | 1,434,307 | 5,677,969 | ||
| 5,608,284 | 13,262,698 | |||||
| Current liabilities |
||||||
| Creditors: | amounts | falling due within one year | 10 | (767,320) | (929,674) | |
| Net assets | 4,840,964 | 12,333,024 | ||||
| Funds | ||||||
| Unrestricted | fund | 4,819,622 | 9,597,305 | |||
| Restricted | fund | 21,342 | 2,735,719 | |||
| Total funds | 4,840,964 | 12,333,024 |
| 2021 | 2021 | 2020 | 2020 | |||||
|---|---|---|---|---|---|---|---|---|
| f | E | E | E | |||||
| Cash flow from operating | activities: | |||||||
| Net income (as per SOFA) | 7,492,060 | 4,952,289 | ||||||
| Decrease/(increase) | in debtors | 3,410,752 | (4,641,530) | |||||
| (Decrease)/increase | in creditors | (162,354) | (584,919) | |||||
| Net cash generated from / (used in) operating activities |
(3,248,398) | (5,226,449) | ||||||
| Change in cash and the reporting period |
cash | equivalents | in | (4,243,662) | (274,160) | |||
| Cash and cash equivalents the reporting period |
at the end | of | 1,434,307 | 5,677,969 | ||||
| Analysis ofcash, cash equivalents | and | net | ||||||
| debt | ||||||||
| Net | ||||||||
| balance at 1March 2020 |
Cash increase in the period |
Net balance at 28 February 2021 |
||||||
| E | ||||||||
| Cash at bank and in | hand | 5,677,969 | (4,243,662) | 1,434,307 | ||||
| Total cash and cash | equivalents | 5,677,969 | (4.243,662) | 1,434,307 |
| year ended 28 February 2021: | |||
|---|---|---|---|
| Unrestricted fund |
Restricted fund | Total | |
| E | f | E | |
| Donations | 4,000,000 | 146,387 | 4,146,387 |
| Grant of service | 22,440 | 22,440 | |
| 4,022,440 | 146,387 | 4,168,827 | |
| Year ended 29 February 2020; | |||
| Unrestricted fund |
Restricted fund | Total | |
| f | E | E | |
| Donations | 8,000,000 | 3,113,252 | 11,113,252 |
| Grant ofservice | 58,711 | 58,711 | |
| In-kind donations | 12,650 | 12,650 | |
| 8,071,361 | 3,113,252 | 11,184,613 |
| Staffcosts | Other costs | 2021 | ||||
|---|---|---|---|---|---|---|
| E | E | E | ||||
| Raising funds | 1,816 | 1,816 | ||||
| Total expenditure | on raising | funds | 1,816 | 1,816 | ||
| Direct design/development | and implementation | 11,260,304 | 11,260,304 | |||
| expenses | ||||||
| Management and |
admin expenses | 349,142 | 49,625 | 398,767 | ||
| Total expenditure | on Foundation | activities | 349,142 | 11,309,929 | 11,659,071 | |
| Total Expenditure | 349,142 | 11,311,745 | 11,660,887 | |||
| Staff costs | Other costs | 2020 | ||||
| f | E | E | ||||
| Raising funds | 10,340 | 14,098 | 24,438 | |||
| Total expenditure | on raising | funds | 10,340 | 14,098 | 24,438 | |
| Direct design/development | and | implementation | 5,797,490 | 5,797,490 | ||
| expenses | ||||||
| Management and |
admin expenses | 302,824 | 107,572 | 410,396 | ||
| Total expenditure | on Foundation | activities | 302,824 | 5,905,062 | 6,207,886 | |
| Total Expenditure | 313,164 | 5,919,160 | 6,232,324 | |||
| 6. Net income |
||||||
| 2021 | 2020 | |||||
| Net income is stated after charging: | E | f | ||||
| Auditors' remuneration: |
||||||
| Audit | 5,600 | 5,400 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| The average | number | ofstaff employed | in the year was | ||
| E | E | ||||
| Wages and | salaries | 283,641 | 258,630 | ||
| Social security costs | 32,681 | 29,122 | |||
| Other pension costs | 30,474 | 22,219 | |||
| 346,796 | 309,971 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| E120,000 - E129,999 | 1 | |||
| 6130,000 - 6139,999 | ||||
| 9. Debtors |
||||
| 2021 | 2020 | |||
| E | E | |||
| Other debtors | 124,000 | 7,577,753 | ||
| Prepayments and accrued |
income | 4,049,977 | 6,976 | |
| Debtors relating to operating | activities | 4,173,977 | 7,584,729 | |
| 10. Creditors - Amounts |
falling due within one year | |||
| 2021 | 2020 | |||
| E | E | |||
| Trade creditors | 246,484 | 670,357 | ||
| Other creditors | 369,253 | 180,888 | ||
| Accruals | 151,583 | 78,429 | ||
| Creditors relating to operating |
activities | 767,320 | 929,674 |
| Unrestricted | Restricted | 2021 | |||||
|---|---|---|---|---|---|---|---|
| Fund | Fund | ||||||
| Net | current | assets | / | (liabilities) | 4,819,622 | 21,342 | 4,840,964 |
| Net | Assets | 4,819,622 | 21,342 | 4,840,964 | |||
| Unrestricted | Restricted | 2020 | |||||
| Fund | Fund | ||||||
| Net | current | assets | / | (liabilities) | 9,597,305 | 2,735,719 | 12,333,024 |
| Net | Assets | 9,597,305 | 2,735,719 | 12,333,024 |
| Balance at 1 | Balance at 28 | |||
|---|---|---|---|---|
| March 2020 | Income | Expenditure | February 2021 | |
| E | E | E | E | |
| Unrestricted | 9,597,305 | 4,022,440 | (8,800,123) | 4,819,622 |
| Restricted | 2,735,719 | 146,387 | (2,860,764) | 21,342 |
| Total funds | 12,333,024 | 4,168,827 | (11,660,887) | 4,840,964 |
| 15. SOFA —pri | or year anal | ysis offunds | ||||
|---|---|---|---|---|---|---|
| Note | Unrestricted | Restricted | Total | |||
| Fund | Fund | |||||
| 2020 | 2020 | 2020 | ||||
| f | E | E | ||||
| Income from: | ||||||
| Donations and |
legacies | 8,071,361 | 3,113,252 | 11,184,613 | ||
| Total income | 8,071,361 | 3,113,252 | 11,184,613 | |||
| Expenditure on: |
||||||
| Raising funds | 24,438 | 24,438 | ||||
| Foundation activities |
5,822,015 | 385,871 | 6,207,886 | |||
| Total expenditure | 5,846,453 | 385,871 | 6,232,324 | |||
| Net income | 2,224,908 | 2,727,381 | 4,952,289 | |||
| Reconciliation | of Funds | |||||
| Balances brought forward | from 1March 2019 | 7,372,397 | 8,338 | 7,380,735 | ||
| Balances carried forward | at 28 February 2020 | 9,597,305 | 2,735,719 | 12,333,024 |