2022-02-28-accounts

		Page
Legal and Administrative	Information
Chairman's statement		2-3
Report ofthe Trustees		4-7
Independent Auditors'	Report tothe Trustees'	8-11
Statement of Financial	Activities	12
Balance Sheet
Cashflow Statement		14
Notes tothe Financial Statements		15-21

	Note	Unrestricted	Restricted	Total	Total
		Fund	Fund
		2022	2022	2022	2021
		E	E	E	E
Income from:
Donations and legacies	3	12,849	6,196	19,045	4,168,827
Total income		12,849	6,196	19,045	4,168,827
Expenditure on:
Raising funds	4				1,816
Foundation activities	5	1,186,553	6,196	1,192,749	11,659,071
Total expenditure	5	1,186,553	6,196	1,192,749	11,660,887
Net income/(expenditure)		(1,173,704)		(1,173,704)	(7,492,060)
Reconciliation ofFunds
Balances brought forward at 1March 2021		4,819,622	21,342	4,840,964	12,333,024
Balances carried forward at 28 February 2022	12	3,645,918	21,342	3,667,260	4,840,964

				Note
					2021	2020
					E	E
Current assets
Debtors					3,528,170	4,173,977
Cash at bank		and in	hand		420,211	1,434,307
					3,948,381	5,608,284
Current liabilities
Creditors:	amounts		falling due within one year	10	(281,121)	(767,320)
Net assets					3,667,260	4,840,964
Funds
Unrestricted		fund			3,645,918	4,819,622
Restricted	fund				21,342	21,342
Total funds					3,667,260	4,840,964

			2022	2022	2021	2021
			E	E	E	E
Cash flow from operating		activities:
Net income (as per	SOFA)		1,173,704			7,492,060
Decrease in debtors			645,807		3,410,752
(Decrease) in creditors			(486,199)		(162,354)
Net cash generated operating activities	from / (used in)			159,608		(3,248,398)
Change in cash and the reporting period	cash equivalents		in (1,014,096)			(4,243,662)
Cash and cash equivalents the reporting period		atthe end	of	420,211		1,434,307
Analysis ofcash and	cash equivalents
				Net
			balance at 1March 2021		Cash decrease in the period	Net balance at 28 February 2022f
Cash at bank and in	hand		1,434,307		(1,014,096)	420,211
Total cash and cash	equivalents		1,434,307		(1,014,096)	420,211
The notes on pages	15to	21form part ofthese financial statements.

				Unrestricted	Unrestricted	fund	Restricted fund	Restricted fund		Total
						E		E		E
Donations						4,516		6,196		10,712
Grant ofservice						8,333				8,333
					12,849			6,196		19,045
Year ended 28 February 2021;
				Unrestriicted		fund	Restricted fund			Total
						E		f		E
Donations					4,000,000			146,387		4,146,387
Grant ofservice					22,440					22,440
					4,022,440			146,387		4,168,827
E8,333 (2021: E42,589) of the above donations				were received	from trustees		or	entities to	which	they are
related.
4. Expenditure	on raising funds
						Support costs		2022		2021
							f		E	f
Fundraising events										1,816
Support costs
										1,816
Support costs relate to staff costs			and general overheads.
5. Total Expenditure
						Staffcosts		Other costs		2022
							f		E	E
Raising funds
Total expenditure	on raising funds
Direct design/development		and implementation		expenses				1,006,379		1,006,379
Management and	admin expenses					149,723		36,647		186,370
Tota'i expenditure	on Foundation		activities			149,723		1,043,016		1,192,749
Total Expenditure						149,723		1,043,026		1,192,749

					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		expenses		11,260,304	11,260,304
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
6. Net income
						2022	2021
Net income isstated aRer charging:						E	E
Auditors' remuneration:
Audit						6,160	5,600

		2022	2021
			E
Wages and	salaries	75,137	283,641
Social security costs		9,799	32,681
Other pension costs		7,700	30,474
Redundancy	costs	56,613
		149,249	346,796

		2022	2021
E130,000	- E140,000		1

9. Debtors
						2022	2021
						E	E
Other debtors						863	124,000
Prepayments	and accrued		income			3,527,307	4,049,977
Debtors relating to operating				activities		3,528,170	4,173,977
10. Creditors -		Amounts	falling due within one year
						2022	2021
							E
Trade creditors						53,429	246,484
Other creditors						185,565	369,253
Accruals						42,127	151,583
Creditors relating		to operating		activities		281,121	767320
11. Analysis ofNet assets				between funds
				Unrestricted	Restricted	2022	2021
				Fund	Fund
					E	E	E
Net current assets/(liabilities)				3,645,918	21,342	3,667,260	4,840,964
Net Assets				3,645,918	21,342	3,667,260	4,840,964
12. Movement		in Funds
				Balance at 1			Balance at 28
				March 2021	Income	Expenditure	February 2022
				E		E	E
Unrestricted				4,819,622	12,849	1,174,831	3,657,640
Restricted				21,342	6,196	6,196	21,342
Total funds				4840984	19045	1181027	3678982

Balance at 1			Balance at 28
March 2021	Income	Expenditure	February 2022
E		E	E
4,819,622	12,849	1,174,831	3,657,640
21,342	6,196	6,196	21,342
4,840,984	19,045	1,181,027	3,678,982

15. SOFA —prior year analysis offunds
	Note	Unrestricted	Restricted	Total
		Fund	Fund
		2021	2021	2021
		E	E	E
Income from:
Donations and legacies		4,022,440	146,387	4,168,827
Total income		4,022,440	146,387	4,168,827
Expenditure on:
Raising funds		1,816		1,816
Foundation activities		8,798,307	2,860,764	11,659,071
Total expenditure		8,800,123	2,860,764	11,660,887
Net income		(4,777,683)	(2,714,377)	(7,492,060)
Reconciliation ofFunds
Balances brought forward from 1March 2021		9,597,305	2,735,719	12,333,024
Balances carried forward at 28 February 2022		4,819,622	21,342	4,840,964