| Page No. | |||
|---|---|---|---|
| Trustees' Report |
1-9 | ||
| Independent | Examiners' | Report | 10 |
| Statement of | Financial | Activities | |
| Balance Sheet | 12 | ||
| Notes to the Financial Statements | 13-23 |
| General | Endowment | Total | Total | |||||
|---|---|---|---|---|---|---|---|---|
| Note | Funds | Funds | 2022 | 2021 | ||||
| f | f | f | f | |||||
| INCOME AND ENDOWMENTS | ||||||||
| Incoming resources from generated | funds | |||||||
| Donations | 2 | 6,866 | 6,866 | 4,223 | ||||
| Charitable activities |
3 | 6,686 | 6,686 | 4,218 | ||||
| Investment Income |
4 | 947 | 947 | 6,192 | ||||
| Otherlncome | 5 | 3,645 | 3,645 | 28,073 | ||||
| Total | 18,144 | 18,144 | 42,706 | |||||
| EXPENDITURE ON | ||||||||
| Fundraising expenditure |
7 | 509 | 509 | 1,287 | ||||
| Charitable expenditure |
8 | 187,614 | 187,614 | 270,601 | ||||
| Total | 187,614 | 509 | 188,123 | 271,888 | ||||
| Net income/ (expenditure) |
for the | |||||||
| year before transfers | (169,470) | (509) | (169,979) | (229,182) | ||||
| Transfer between funds |
40,632 | (40,632) | ||||||
| Net income/ (expenditure) |
for the year | (128,838) | (41,141) | (169,979) | (229,182) | |||
| Gains ofinvesments | 10.680 | ~363 | 0.6»8, | |||||
| Net Movement in funds for |
the year | ( 118,152) | (41,577) | ( 159,729) | ( 151,078) | |||
| Total funds brought forward |
447,594 | 41,578 | 489,172 | 640,250 | ||||
| Total Funds carried forward | f | 329,443 f | f | 329,444 f | 489,172 |
| Donations | from individuals |
|---|---|
| and other | institutions |
| General | Resticted | Total | Total |
|---|---|---|---|
| Fund | Fund | 2022 | 2021 |
| E | E | ||
| 6,866 | 6,866 | 4 223 | |
| 6,866 | 6866 | 4 223 | |
| General | Resticted | Total | Total |
| Fund | Fund | 2022 | 2021 |
| E | E | E | f |
| 6,686 | 6,686 | 4,218 | |
| 6,686 | 6,686 | 4,218 | |
| General | Resticted | Total | Total |
| Fund | Fund | 2022 | 2021 |
| E | 6 | 6 | E |
| 947 | 947 | 6,192 | |
| 947 | 947 | 6,192 | |
| General | Resticted | Total | Total |
| Fund | Fund | 2022 | 2021 |
| E | E | 6 | E |
| 3,645 | 3,645 | 28,073 | |
| 3,645 | 3,645 | 28,073 |
| Basis of apportionment | Support | Governance | Total | Total | |||
|---|---|---|---|---|---|---|---|
| Costs | 2022 | 2021 | |||||
| E | 6 | 6 | |||||
| Human Resources and |
related costs | Time | 62,353 | 62,353 | 100,763 | ||
| Travel and accomodation | costs | Usage | 227 | ||||
| Office expenses | Usage | 1,027 | 1,027 | 1,344 | |||
| Subscriptions and membership |
Usage | 8,971 | 8,971 | 10,224 | |||
| Advertising and marketing |
Usage | 4,120 | 4,120 | 933 | |||
| ITand communication | costs | Usage | 3,466 | 3,466 | 1,961 | ||
| Independent examiners' |
fee | Usage | 5,377 | 5,377 | 9,168 | ||
| 79,937 | 5,377 | 85,314 | 124,620 |
| Basis of | Support | Total | Total | |||||
|---|---|---|---|---|---|---|---|---|
| apportionment | Costs | Governance | 2022 | 2021 | ||||
| f | 6 | 6 | f | |||||
| Office expenses | Usage | 1,101 | 1,101 | 1,550 | ||||
| ITand communication | costs | Usage | 718 | 718 | 486 | |||
| Independent | examiners' | fee | Usage | 2,280 | 2,280 | 2,700 | ||
| Professional | and consultancy | costs | Usage | 7,411 | 7,411 | |||
| 9,230 | 2,280 | 11,510 | 4,736 |
| ANALYSIS OF STAFF COSTS | ||
|---|---|---|
| Total | Total | |
| 2022 | 2021 | |
| 6 | f | |
| Salaries and wages | 56,582 | 92,625 |
| Social security costs | 4,409 | 6,065 |
| Pension costs | 1,362 | 2,073 |
| 62,353 | 100,763 |
| ANALYSIS O | F | CHARITABLE E | XPENSES (Repo | rting ch | arity -C | anada UK F |
oundation) | |||
|---|---|---|---|---|---|---|---|---|---|---|
| Seed/ | ||||||||||
| Artie | New | |||||||||
| Public | Scholarships | Alive/ | initiative | Post- | ||||||
| Education | and student | Student on | projects | Doctoral/ | Total | Total | ||||
| programmes | awards E |
ice f |
funded E |
Fellowship E |
2022 f |
2021 E |
||||
| UK travel awards | 1,000 | 1,000 | ||||||||
| Seedfunding | 8,325 | 8,325 | 7,370 | |||||||
| Arctic Alive | 460 | |||||||||
| Fellowship | 10,000 | 10,000 | ||||||||
| Programme | delivery costs | 9,908 | 9,908 | 6,098 | ||||||
| Post doctoral | awards | 8,025 | ||||||||
| 9,908 | 1,000 | 8,325 | 10,000 | 29,233 | 21,953 | |||||
| Support costs | (note 6) | 21,026 | 20,078 | 8,530 | 13,113 | 22,567 | 85,314 | 124,920 | ||
| 30,934 | 21,078 | 8,530 | 21,438 | 32,567 | 114,547 | 146,873 | ||||
| All expenditure | on charitable | activities was expended | from | unrestricted | funds. | |||||
| ANALYSIS OF | CHARITABLE EXPENSES (Linked charity | -Canada Memorial | Foundation) | |||||||
| Scholarships | and student awards | |||||||||
| Total | Total | |||||||||
| 2022 | 2021 | |||||||||
| E | E | |||||||||
| Scholarships | Awards | 61,558 | 118,992 | |||||||
| Support costs | (note 6.1) | 11,510 | 4,736 | |||||||
| 73,068 | 123,728 |
| TANGIBLE FIXEDASSETS | |
|---|---|
| Cost: | E |
| As at 1stAugust 2021 | 29,694 |
| Additions in the year |
|
| Disposals in the year |
|
| As at 31stJuly 2022 | 29,694 |
| Depreciation: | |
| As at 1stAugust 2021 | 28,234 |
| Charge for the year | 1,130 |
| Disposals for the year | |
| As at 31stJuly 2022 | 29,364 |
| Net book value | |
| As at 31stJuly 2022 | 330 |
| As at 31stJuly 2021 | 1,460 |
| Total | Total | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| E | f | ||||
| Market Value | as at 1stAugust 2021 | 566,829 | 577,913 | ||
| Additions | 1,471 | 11,175 | |||
| Disposals | (417,977) | (100,363) | |||
| Net realised | and unrealised | gains for the year | 10,250 | 78,104 | |
| Market Value | as at 31stJuly | 2022 | 160,573 | 566,829 | |
| Investments | at market value | comprise: | E | E | |
| Equities | 160,573 | 552,158 | |||
| Fixed interest | securities | 14,671 | |||
| 160,573 | 566,829 |
| DEBTORS-combined | DEBTORS-combined | charities | charities | |||
|---|---|---|---|---|---|---|
| Total | Total | |||||
| 2022 | 2021 | |||||
| E | E | |||||
| Prepayments | and other debtors | 9,684 | 14,071 | |||
| Cash held with | custodians | 4,032 | ||||
| 9,684 | 18,103 | |||||
| CREDITORS - AMOUNTS | FALLING | |||||
| DUE WITHIN ONE YEAR | -combined | charities | ||||
| Total | Total | |||||
| 2022 | 2021 | |||||
| E | f | |||||
| Grants payable | 84,287 | 80,683 | ||||
| Accruals and other creditors | 8,556 | 17,746 | ||||
| 92,843 | 98,429 | |||||
| CREDITORS - AMOUNTS | FALLING | |||||
| DUE AFTER ONE YEAR | -combined | charities | ||||
| Total | Total | |||||
| 2022 | 2021 | |||||
| E | E | |||||
| 32,400 | ||||||
| Grants Payable | 32,400 |
| General | Endowment | Total | |
|---|---|---|---|
| Funds | Funds | Funds | |
| E | E | E | |
| Tangible assets | 330 | 330 | |
| Investments | 160,573 | 160,573 | |
| Current assets | 271,157 | 271,157 | |
| Creditors | (102,617) | (102,617) | |
| 329,443 | 329,443 |
| General | Endowment | Total | |
|---|---|---|---|
| Funds | Funds | Funds | |
| E | E | f | |
| Tangible assets | 330 | 330 | |
| Investments | |||
| Current assets | 68,605 | 68,605 | |
| Creditors | (5,115) | (5,115) | |
| 63,820 | 63,820 |
| General | Endowment | Total | |
|---|---|---|---|
| Funds | Funds | Funds | |
| E | E | f | |
| Tangible assets | |||
| Investments | 160,573 | 160,573 | |
| Current assets | 202,552 | 202,552 | |
| Creditors | .3 3S | (97,503) | |
| 265,623 | 265,623 |
| As at | Incoming | Investment | Outgoing | Inter-Fund | As at | ||
|---|---|---|---|---|---|---|---|
| 01.08.21 | Resources | Gains/(Losses) | Resources | Transfers | 31.07.22 | ||
| E | f | f | f | f | f | ||
| GENERALFUNDS | 105,103 | 31,960 | 12 | (94,562) | 21,307 | 63,820 | |
| DESIGNATED FUNDS | |||||||
| UK travel awards | |||||||
| UK post graduate travel fund |
(1,000) | 1,000 | |||||
| Fellowship | |||||||
| Eccles Centre Canadian | Fellowship | (10,000) | 10,000 | ||||
| Seed Funding | (8,325) | 8,325 | |||||
| Totalsfor Unrestricted | Funds | 105,103 | 31,960 | 12 | (113,887) | 40,632 | 63,820 |
| ENDOWMENT FUNDS |
|||||||
| Expendable endowment |
41,578 | (437) | (509) | (40,632) | |||
| Totalfor Endowment | Funds | 41,578 | (437) | (509) | (40,632) | ||
| Total Funds | 146,681 | 31,960 | (425) | (114,396) | 63,820 | ||
| 14.1FUNDS - THE CANADA | MEMORIAL | FOUNDATION | ONLY | ||||
| As at | Incoming | Investment | Outgoing | Inter-Fund | As at | ||
| 01.08.21 | Resources | Gains | Resources | Transfers | 31.07.22 | ||
| f | f | f | f | f | f | ||
| GENERALFUNDS | 342,491 | 18 | 10,675 | (87,562) | 265,623 | ||
| Totalsfor Unrestricted | Funds | 342,491 | 18 | 10,675 | (87,562) | 265,623 | |
| RESTRICTED FUNDS | |||||||
| Scholarships Awards |
|||||||
| TotolforRestricted Funds | |||||||
| TotalFunds | 342,491 | 18 | 10,675 | (87,562) | 265,623 | ||
| TOTAL COMBINED RESERVES | 489,172 | 31,978 * | 10,250 | (201,958) * | 329,443 |