| Page | |||||
|---|---|---|---|---|---|
| Reference and Administrative | Details | ||||
| Trustees' Report |
2 | to | 3 | ||
| Statement of Trustees' | Responsibilities | ||||
| Report ofthe Independent Auditors |
5 | to | 7 | ||
| Statement ofFinancial | Activities | ||||
| Statement ofFinancial | Position | ||||
| Statement ofCash Flows | 10 | ||||
| Notes to the Statement | ofCash | Flows | |||
| Notes to the Financial | Statements | 12 | to | 15 | |
| Detailed Statement of | Financial | Activities | 16 |
| TRUSTEES | PMoss | ||
|---|---|---|---|
| PMould | |||
| ABLaw | |||
| PRINCIPAL ADDRESS | Caxton Europe Asset Management | ||
| 40 Berkeley Square | |||
| London | |||
| W1JSAL | |||
| REGISTERED CHARITY | 1169320 | ||
| NUMBER | |||
| AUDITORS | Martin and | Company | Audit Limited |
| Chartered | Accountants | ||
| and Statutory Auditors |
|||
| 25 StThomas Street | |||
| Winchester | |||
| Hampshire | |||
| SO23 9HJ |
| 31.8.22 | 31.8.21 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | |||
| CURRENT ASSETS Cash at bank |
I)375)600 | 1,328,589 | |
| CREDITORS Amounts falling due within one year |
10 | (404,900) | (203,252) |
| NET CURRENT ASSETS | ~970700 | 1,125,337 | |
| TOTAL ASSETSLESS CURRENT LIABILITIES |
970700 | 1 125337 | |
| CREDITORS Amounts falling due atter more than one year |
11 | (200,000) | |
| NET ASSETS | 970700 | 925 337 | |
| FUNDS Unrestricted funds |
12 | 970,700 | 925,337 |
| TOTAL FUNDS | 970,700 | 925,337 |
| 31.8.22 | 31.8.21 | ||||
|---|---|---|---|---|---|
| Notes | f | f | |||
| Cash flows from operating activities Cash generated from operations |
~47 011 | 569,223 | |||
| Net cash provided by operating activities |
~47 011 | ~569 223 | |||
| Change in cash and cash the reporting period |
equivalents | in | 47,011 | 569,223 | |
| Cash and cash equivalents beginning ofthe reporting |
at the period |
~1328 589 | ~759366 | ||
| Cash snd cash equivalents the reporting period |
at the end | of | 1,375600 | ~1328 589 |
| ACTIVITIES | ||||
|---|---|---|---|---|
| 31.822 | 31.8,21 | |||
| 8 | ||||
| Net income for the Activities) |
reporting | period (as per the Statement ofFinancial | 45,363 | 768,971 |
| Adjustments for: Increase/(decrease) |
in creditors | ~1648 | 199748 | |
| Net cash provided | by operations | ~47 011 | ~569 223 |
| 3. | DONATIONS AND LEGACIES |
DONATIONS AND LEGACIES |
DONATIONS AND LEGACIES |
31.8.22 | 31.8.21 f |
|||
|---|---|---|---|---|---|---|---|---|
| Donations | 2,001450 | ~2,500000 | ||||||
| 4. | CHARITABLE ACTIVITIES COSTS | |||||||
| Grant | ||||||||
| funding of | ||||||||
| Direct | activities | Support | ||||||
| Costs (see | (see note | costs (see | ||||||
| note 5) f |
6) | note 7) f |
Totals f |
|||||
| Education and training |
~1668 44 | ~278 000 | 9643 | ~1955,887 | ||||
| DIRECT COSTSOF CHARITABLE | ACTIVITIES | 31.8.22 f |
31.8.21 | |||||
| Donations to the Laurus Trust Provision ofeducational sporting services for the Laurus Trust Provision ofother educational services for the Laurus Trust |
1,624,399 43,$45 |
1,478,839 83,333 31,000 |
||||||
| ~1668444 | ~1593 172 | |||||||
| 6. | GRANTSPAYABLE | 31.8.22 | 31.8.21 f |
|||||
| Education and training | 278,000 | 130,000 | ||||||
| The total grants payable | to institutions | in the year was as follows: | 31.8.22 f |
31.8.21 f |
||||
| Education Policy Institute University ofCambridge Centre for Social Justice Centre for Policy Studies |
278,000 | 20,000 50,000 40,000 22 OIIO |
||||||
| 272 IIOII | IIII.OOO |
| SUPPORT C | OSTS | |||||
|---|---|---|---|---|---|---|
| Governance | ||||||
| Management 6 |
costs | Totals f |
||||
| Education and training |
! 5119 |
~4524 | ~9643 | |||
| Support costs, | included | in the above, are as follows: | ||||
| Management | 31.8.22 | 31.8.21 | ||||
| Education | ||||||
| and | Total | |||||
| training | acttvtttes | |||||
| IT4, web design Administration Bank charges |
50 5,069 |
200 4,138 15 |
||||
| 5,119 | 4453 | |||||
| Governance | costs | 31.8.22 | 31.8.21 | |||
| Education | ||||||
| and | Total | |||||
| training | activities | |||||
| Auditors' remuneration Independent examiner's |
fees | 4,524 | 3,252 252 |
|||
| 4 524 | 3,504 |
| 31.8.22 | 31.8.21 | ||||
|---|---|---|---|---|---|
| INCOME AND ENDOWMENTS | |||||
| Donations and legacies Donations |
~200I250 | ~2500 000 | |||
| Total incoming resources |
2,001&250 | 2400,000 | |||
| EXPENDITURE | |||||
| Charitable activities Donations to the Laurus Trust |
1,624,399 | 1,478,839 | |||
| Provision ofeducational Laurus Trust |
sporting | services for the | 83,333 | ||
| Provision ofother educational Laurus Trust Grants to institutions |
services for the | 43,845 27f7000 |
31,000 l30,000 |
||
| 1,946&244 | I 723 172 | ||||
| Support costs | |||||
| Management ITdt web design Adininistration |
50 5,069 |
200 4,138 15 |
|||
| Bank charges | |||||
| 5,119 | 4,353 | ||||
| Governance costs Auditors' remuneration Independent examiner's |
fees | 4,524 | 3,252 252 |
||
| ~4524 | ~3504 | ||||
| Total resources expended |
1,955,887 | ~1731 029 | |||
| Net income | ~45 363 | ~768 971 |