##
|||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|
##