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|Trustees|Mr Stewart Grimshaw|Mr Stewart Grimshaw|||||
|---|---|---|---|---|---|---|
||Mr Charles Cator||||||
||Mr Dominic Flynn||||||
|Registered|The Peak||||||
|ONce|SWilton Road||||||
||London SW1V1AP||||||
|Principal|Mrs Karen Everett|Chief Operating|Officer||||
|ONcers|Mr Mark Woodruff|Trust Executive|||||
|Bankers|Child &Co||||||
||1Fleet Street, London EC4Y 1BD||||||
|Solicitors|Portrait Solicitors||||||
||21Whitefriars
Street||||||
||London
EC4Y BJJ||||||
|Auditors|Crowe U.K. LLP||||||
||.55 Ludgate
Hill||||||
||London EC4M 7JW||||||
|Objects|The objects ofthe|charity, as given in the constitution||document,|are to advance|such|
||charitable
purposes|(according to the law of|England|and Wales)|asthe Trustees|see fit|
||from time totime.||||||
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|The Trustees approved
grants w
by number,
value and category|ith atotal value off235
as follows.|,2311t2020:f105|
|---|---|---|
||Grants|Value|
||Approved|f|
|Arts and Heritage||182,000|
|Health and Social Welfare||53,231|
||13|235,231|
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|||Unrestrkted|Restricted|Expendable|Total Funds|Total Funds|
|---|---|---|---|---|---|---|
||Notes|Funds
E'000|Funds
E'000|Endowment
E'000|2021
EI|2020
E'000|
|Income from:|||||||
|Novation ofcontracts|12||2,786||2,786||
|Donations
received|9||||700||
|Other income||17|||17||
|Total Income||17|2,786||3,503|61|
|Expenditure
on:|||||||
|Cbarftable actbrftiesr|||||||
|Glasshouse
development|||258||258|687|
|Grantexpenditure||235|||235|(2J|
|Supportcosts||400|||400|2,100|
|Totalexpenditure||635|258||893|2,786|
|Net movement
in funds||(618),|2,528|700|2,610|(1,725)|
|Recondliation
offunds:|||||||
|Total funds brought forward||3,435|8,097||11,532|23+57|
|Total funds carried forward||2,817|10,625|700|14,142|12,532|
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|||Notes||2021|2020|
|---|---|---|---|---|---|
||||f'000|f'000||
|TANGIBLE FIXEDASSETS||||||
|Asset under construction||||9,26&|3,169|
|CURRENT ASSETS||||||
|Debtors||6|1,669||887|
|Cash at bank and in|hand||4,282||9,363|
||||5,951||10,250|
|CURRENT LIABIUTIES||||||
|Creditors - amounts|falling due within one year|7|(1,077)||(1,837'|
|NET CURRENT ASSETS||||4,874|8,413|
|Creditors - amounts|falling due after one year||||(50)|
|NET ASSETS||||14,142|11+32|
|CAPITAL FUNDS||||||
|Expendable
endowment||||||
|INCOME FUNDS||||||
|Unrestricted
funds||||2,817|3,435|
|Restricted funds||||10,625|8,097|
|||||14,142|11~2|
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|Cash flows from operating|activities:||||||
|---|---|---|---|---|---|---|
||||||2021|2020|
||||||f'000|f'000|
|Net cash provided
by/(used|ln) operating|activities|||1,01&|~2973|
|Cash flows from Investing activities:
Fixed asset additions||||~6,009)||~3209|
|Net cash used in investing|activities||||(6,099)|(3,169)|
|Change in cash and cash equivalents
in the period|||||(5,081)|(6,144/|
|Cash and cash equivalents|atthe beginning ofthe period||||9/63|15+07|
|Cash and cash equivalents|atthe end of|the period|||4,282|9,363|
|Reconciliation ofnet income to net cash||flow from operating|activities||||
||||||2021|2020|
||||||f'000|f'000|
|Net movement
in funds (as per the Statement ofFinancial Activities)|||||2,610|(2,725)|
|(Increase)/decrease
in debtors
Decrease in creditors|||||P82)
~020)|270
~1820)|
|Net cash provided
by/(used|in) operating|activities|||1,018|(2,975)|
|Analysis ofthe balance ofcash as shown||in the balance sheet|||||
|||||2021|2020|Changein
~cried|
|||||f'000|f'000|f'000|
|Cash at bank and in hand||||4,282
4,282|9,363
0,565|(5,081)
~5,0&1|
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|2.|ANALYSIS OF GRANTS|ANALYSIS OF GRANTS|||||||
|---|---|---|---|---|---|---|---|---|
|||||||2021||2020|
||||||f'000|f'000|f'000||
||Reconciliation
of|grants payable|||||||
||Commitments
at|6April 2020||||1,503||3.373|
||Grants approved|in the year|||235||105||
||Grants cancelled,|refunded
or amended|||||(106j||
||Total grants payable forthe year|||||235|||
||Grants paid during the period|||||(910)||(1,869)|
||Commitments
at|5April 2021||||828||1,503|
||Commitments
at|5 April 2021are payable as follows:|||||||
|||||||2021||2020|
|||||||f'000||f'000|
||Within one year|||||828||1,453|
||After one year|||||||50|
|||||||828||1,503|
||The grants payable
in the year||include|the following:|||||
|||||||f|||
||Balletboyz Ltd|||||15,000|||
||Furniture
History|Society||||25,000|||
||Melos Sinfonia|||||15,000|||
||National Theatre|ofSoctland||||10,000|||
||Pallant House Gallery|||||5,000|||
||Royal Horticultural|Society||||2,0OO|||
||Royal Opera House Covent Garden Foundation|||||100,000|||
||StSwithin's
Cuhurch
Clunbury||P.C.C.|||10,000|||
||alt ad
IW||||||||
||African Solutions|to African Problems||[ASAP)||10,000|||
||British Red Cross|—Headquarters||||5,000|||
||Gay Men's Health|Crisis||||8,231|||
||Just One Ocean|||||5,000|||
||Mr gt Mrs Michael Nunn|||||25,000|||
||Total grants payable per Statement of|||Financial Activities||235,231|||
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|ALLOCATION OFSUPP|ORT COSTS|||||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total Funds|Total Funds|
|||Funds|Funds|2021|2020|
|||E'000|E'000|E'000|E'000|
|Staff costs||126||126|254|
|Share ofjoint office costs||105||105|710|
|Direct costs including|travel|10||10|6|
|Legal and professional|fees|145||145|112|
|Governance||14||14|18|
|||400||400|1,100|
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|||2021|2020|
|---|---|---|---|
|||E'000|E'000|
|Wages|and salaries|105|207|
|Social|security costs|12|22|
|Other|pension costs|11|27|
|||128|256|
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|6.|DEBTORS||||
|---|---|---|---|---|
||||2021|2020|
||||Total|Total|
||||f'000|f'NO|
||Amounts|due from subsidiary|1,410|574|
||VATdebtor||249|303|
||Other debtors||10|10|
||||1,669|887|
|7.|CREDITORS||||
||Amounts|falling due within one year|||
||||2021|2020|
||||Total|Total|
||||f'NO|f'0N|
||Grants payable||828|1,453|
||Trade creditors|||79|
||Accruals||78|39|
||Other creditors||171|266|
||||1,077|1,837|
||CREDITORS||||
||Amounts|falling due after one year|||
||||2021|2020|
||||Total|Total|
||||f'NO|f'0N|
||Grants payable|||50|
|||||50|
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|ANALYSIS OF NET ASSETSBEiWEEN FUNDS||||||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Expendable|Totals|
|||Funds|Funds|Endowment|2021|
|||E'000|E'000|E'000|E'000|
|Fund balances at5April 2021are represented|by:|||||
|Tangible fixed assets|||9,268||9,268|
|Current assets||3,894|1,357|700|5,951|
|Current liabilities||1,077|||1,077|
|Total net assets||2,817|10,625|700|14,142|
|Movement
in the year||||||
|Opening
balance asat 6April 2020||3,435|8,097||11,532|
|Total income||17|2,786|700|3,503|
|Charitable
activities||635|258||893|
|Closing balance as at 5April 2021||2,817|10,625|700|14,142|
|COMPARATIVE
ANALYSIS OF NET ASSETSBETWEEN FUNDS||||||
||||Unrestricted|Restricted|Totals|
||||Funds|Funds|2020|
||||g'000|E'000|E'000|
|Fund balances at 5 April 2019are represented|by:|||||
|Tangible fixed assets||||3,169|3,169|
|Current assets|||5,322|4,928|10,250|
|Current liabilities|||(1,837)||(1,837)|
|Future dated liabilities|||(50)||(50)|
|Total net assets|||3,435|8,097|11,532|
|Movement
in the year||||||
|Opening balance as at 6April 2019|||4,473|8,7&4|13,257|
|Total Income|||61||61|
|Charitable
activities|||(1,099)|(687)|(1,786)|
|Closing batance asat5Aprig 2020|||3,435|8,097|11,532|
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||Unrestricted|Restricted|Total Funds|
|---|---|---|---|
||Funds|Funds|2020|
||E'000|6'000|E'000|
|Income from:||||
|Other income|||61|
|Total income|61||61|
|Expenditure
on:||||
|Charitable actfvttiesr||||
|Glasshouse
Development||687|687|
|Grant expenditure|(1)||(1)|
|Support Costs|1,100||1,100|
|Total expenditure|1,099|687|1,786|
|Net movement
in funds|(1,03&)|(687)|(1,725)|
|Reconciliation offunds:||||
|,Total funds brought forward|4,473|8,784|13,257|
|Total funds carried forward|3,435|8,097|11,532|
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