|||||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|||
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|||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|
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|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|
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|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|
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|||||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|