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





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||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<br>on:||||||
|Raising funds|4||||1,816|
|Foundation<br>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<br>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<br>in debtors|||645,807||3,410,752||
|(Decrease) in creditors|||(486,199)||(162,354)||
|Net cash generated<br>operating activities|from / (used in)|||159,608||(3,248,398)|
|Change<br>in cash and <br>the reporting<br>period|cash equivalents||in<br>(1,014,096)|||(4,243,662)|
|Cash and cash equivalents<br>the reporting<br>period||atthe end|of|420,211||1,434,307|
|Analysis ofcash and|cash equivalents||||||
|||||Net|||
||||balance at<br>1March<br>2021||Cash<br>decrease in<br>the period|Net balance at<br>28 February<br>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.|||||





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|||||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.<br>Expenditure|on raising funds||||||||||
|||||||Support costs||2022||2021|
||||||||f||E|f|
|Fundraising<br>events||||||||||1,816|
|Support costs|||||||||||
|||||||||||1,816|
|Support costs relate to staff costs|||and general overheads.||||||||
|5.<br>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<br>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<br>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.<br>Net income||||||||
|||||||2022|2021|
|Net income isstated aRer charging:||||||E|E|
|Auditors'<br>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|





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|9.<br>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.<br>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.<br>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.<br>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|





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|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<br>on:|||||
|Raising funds||1,816||1,816|
|Foundation<br>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|