| Trustees | Graeme Carrick | Graeme Carrick | ||||||
|---|---|---|---|---|---|---|---|---|
| Kay Carrick | ||||||||
| Lisa Carrick | ||||||||
| Michael Carrick | ||||||||
| David Giess | ||||||||
| lan Hopkins | ||||||||
| Joanna Tongue | ||||||||
| Nicholas White | ||||||||
| Paul Rao | (Appointed 9August 2021) | |||||||
| Charity number | 1172488 | |||||||
| Company | number | 10626751 | ||||||
| Registered | office | 10-12Mulberry | Green | |||||
| Harlow | ||||||||
| Essex | ||||||||
| CM17 OET | ||||||||
| independent | examiner | Mitchell Charlesworth | (Audit) Limited | |||||
| 3rd Floor | ||||||||
| 44 Peter Street | ||||||||
| Manchester | ||||||||
| M2 SGP | ||||||||
| Bankers | Arbuthnot | Latham | lk Co Limited | |||||
| Arbuthnot | I-louse | |||||||
| 7Wilson Street | ||||||||
| London | ||||||||
| EC2M 2SN |
| Page | |||
|---|---|---|---|
| Trustees' report |
1-3 | ||
| Independent | examiner's | report | |
| Statement of | financial activities | ||
| Balance sheet | |||
| Statement of | cash flows | ||
| Nates tothe financial statements | 8-17 |
| Unrestricted | Unrestricted | ||||
|---|---|---|---|---|---|
| funds | funds | ||||
| 2022 | 2021 | ||||
| Notes | 6 | ||||
| Income from: | |||||
| Donations and |
legacies | 23,628 | 20,891 | ||
| Charitable activities |
34,619 | 9,491 | |||
| Investments | 26,949 | 26,647 | |||
| Totalincome | 85,196 | 57,029 | |||
| ~Cht | |||||
| Raising funds | 5 | 11,681 | 1,445 | ||
| Charitable activities |
6 | 134,024 | 184,610 | ||
| Total expenditure | 145,705 | 186,055 | |||
| Net gains/(losses) | on investments | 35,230 | 180,879 | ||
| Net movement | in | funds | (25,279) | 51,853 | |
| Fund balances | at | 1April 2021 | 1,242,527 | 1,190,674 | |
| Fund balances | at | 31March 2022 | 1,217,248 | 1,242,527 |
| 2022 | 2D21 | ||||||
|---|---|---|---|---|---|---|---|
| 8 | 8 | ||||||
| Fined assets | |||||||
| Investments | 1,D74,190 | 1,027,498 | |||||
| Current assetS | |||||||
| Cash at bank and in | hand | 163,159 | 221,79D | ||||
| Creditors: amounts | faglng due wfthln one | ||||||
| year | 15 | (20,101) | I6,762) | ||||
| Net current | assets | 143,058 | 215,029 | ||||
| Total assets | less current gablgttes | i.,217,248 | 1.242,527 | ||||
| Income funds | |||||||
| Unrestricted | funds | ||||||
| Designated | funds | 17 | 851,000 | ||||
| General unrestricted |
funds | 366,248 | 336,027 | ||||
| 1,217,248 | 1,242,527 | ||||||
| 1,217,248 | 1,242,527 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | f | f | |||||
| Cash flows from operating | activities | ||||||
| Cash absorbed by operations |
22 | (74,118) | (140,198) | ||||
| Investing activities | |||||||
| Purchase of investments | (275,455) | (543,283) | |||||
| Proceeds on disposal of investments | 263,993 | 557,736 | |||||
| investment income received |
26,949 | 26,647 | |||||
| Net cash generated from |
investing | activities | 15,487 | 41,100 | |||
| Net cash used in financing | activities | ||||||
| Net decrease in cash and | cash equivalents | (58,631) | (99,09S) | ||||
| Cash and cash equivalents | at beginning ofyear | 221,790 | 320,888 | ||||
| Cash and cash equivalents | at end ofyear | 163,159 | 221,790 |
| 2 | Donations | and legacies | and legacies | ||
|---|---|---|---|---|---|
| Unrestricted | Unrestricted | ||||
| funds | funds | ||||
| 2022 | 2021 | ||||
| f | f | ||||
| Donations | and gifts | 23,628 | 20,891 | ||
| 3 | Charitable | activities | |||
| 2022 | 2021 | ||||
| f | f | ||||
| Other fundraising | activities | 34,619 | 9,491 | ||
| 4 | Investments | ||||
| Unrestricted | Unrestricted | ||||
| funds | funds | ||||
| 2022 | 2021 | ||||
| f | f | ||||
| Income from listed | investments | 26,854 | 26,464 | ||
| Interest receivable | 95 | 183 | |||
| 26,949 | 26,647 |
| 5 | Raising funds | Raising funds | |||
|---|---|---|---|---|---|
| Unrestricted | Unrestricted | ||||
| funds | funds | ||||
| 2022 | 2021 | ||||
| f | |||||
| Fundraisin | and | ublicit | |||
| Raising funds | 11,681 | 1,445 | |||
| 1,445 |
| 6 | Charitable | activities | activities | |||
|---|---|---|---|---|---|---|
| Charitable | Charitable | |||||
| activities | activities | |||||
| 2022 | 2021 | |||||
| 6 | 6 | |||||
| Grant funding | of activities (see note 7) | 85,500 | 93,578 | |||
| Share of support costs (see note 8) | 26,571 | 69,731 | ||||
| Share of governance | costs (see note 8) | 21,953 | 21,301 | |||
| 134,024 | 184,610 |
| Charitable | Charitable | |||
|---|---|---|---|---|
| activities | act Iv It Ias | |||
| 2022 | 2021 | |||
| 6 | 6 | |||
| Grants to | institutions: | |||
| Manchester | United Foundation | 33,000 | 15,000 | |
| Vyallsend | Boys Club | 17,500 | 35,000 | |
| Newcastle | United Foundation | 35,000 | 35,000 | |
| Lancashire | Cricket Foundation | 8,578 | ||
| 85,500 | 93,578 |
| 8 | Supportcosts | Supportcosts | Supportcosts | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Support costs | Governance | 2022 | Support costs | Governance | 2021 | |||||
| costs | costs | |||||||||
| Consultancy | fees | 26,571 | 26,571 | 69,731 | 69,731 | |||||
| Accountancy | 360 | 360 | ||||||||
| Legal and | professional | 1,179 | 1,179 | 2,104 | 2,104 | |||||
| Investment | management | |||||||||
| fees | 15,391 | 15,391 | 13,917 | 13,917 | ||||||
| Independent | examiners' | fee | 5,383 | 5,383 | 4,920 | 4,920 | ||||
| 26,571 | 21,953 | 48,524 | 69,731 | 21,301 | 91,032 | |||||
| Analysed | between | |||||||||
| Charitable | activities | 26,571 | 21,953 | 48,524 | 69,731 | 21,301 | 91,032 |
| Linrestricted | Linrestricted | |||
|---|---|---|---|---|
| funds | funds | |||
| 2022 | 2021 | |||
| E | 6 | |||
| Revaluation | of | investments | 4,063 | 187,534 |
| Gain/(loss) | on | sale of investments | 31,167 | (6,655] |
| 35,230 | 180,879 |
| ListedCash | in portfolio | Other | Total | ||||
|---|---|---|---|---|---|---|---|
| investments | investments | ||||||
| 8 | |||||||
| Cost or valuation | |||||||
| At 1April 2021 | 1,013,166 | 14,331 | 1,027,498 | ||||
| Additions | 275,455 | 275,455 | |||||
| Valuation changes |
4,063 | 4,063 | |||||
| Movement | in cash | (4,553) | (4,553) | ||||
| Disposals | (228,273) | (228,273) | |||||
| At 31March | 2022 | 1,064,411 | 9,778 | 1,074,190 | |||
| Carrying amount | |||||||
| At 31March | 2022 | 1,064,411 | 9,778 | 1 | 1,074,190 | ||
| At 31March | 2021 | 1,013,166 | 14,331 | 1 | 1,027,498 | ||
| 2022 | 2021 | ||||||
| Other investments | comprise. | ' | Notes | 6 | 6 | ||
| Investments | in subsidiaries | 20 |
| The historic cost ofthe inves | tments is f9 |
55 | ,686(2021 - f926,150) | ||
|---|---|---|---|---|---|
| Financial instruments | 2022 | 2021 | |||
| 6 | 6 | ||||
| Carrying amount offinancial | assets | ||||
| Debt instruments measured |
at amortised | cost | |||
| Equity instruments measured |
at cost less | impairment | 9,778 | 14,331 | |
| Instruments measured at fair value through |
profit or loss | 1,064,411 | 1,013,166 | ||
| Carrying amount offinancial | liabilities | ||||
| Measured at amortised cost |
20,101 | 6,761 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| 6 | 6 | ||||
| Trade creditors | 600 | ||||
| Amounts | owed to subsidiary | undertakings | 1 | 1 | |
| Accruals | and deferred | income | 20,100 | 6,160 | |
| 20,101 | 6,761 |
| Movement | in funds | Movement | in funds | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance at | Incoming | Resources | Transfen | Revaluatiuns, | Balance at | Incoming | Resources | Transfem | Revaluations, | Balance at | ||
| 1Aprn 2020 | resources | expended | gains and losses | 1April 2021 | resources | expended | gaina and lOSSeS | 31MarCh 2022 | ||||
| 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | ||||
| General | ||||||||||||
| unrestricted | fund | 248,174 | 57,029 | (186,055) | 36,000 | 180,879 | 336,027 | 85,196 | (145,705) | 55,500 | 35,230 | 366,248 |
| Designated | fund | 942,500 | (36,000) | 906,500 | (55,500) | 851,000 | ||||||
| 1,190,674 | 57,029 | (186,055) | 180,879 | 1,242,527 | 85,196 | (145,705) | 35,230 | 1,217,248 |
| Balance at | Transfers | Balance at | Transfers | Balance at | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | April 2020 | 1April 2021 | 31March 2022 | |||||||
| E | E | |||||||||
| Designated | for | future | known | spend | 942,500 | (36,000) | 906,500 | I55,500) | 851,0DO | |
| 942,500 | )36,000) | 906,500 | I55,500) | 851,000 |
| Analysis ofnet assets between funds | |||
|---|---|---|---|
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| 2022 | 2021 | ||
| E | |||
| Fund balances at 31March 2022 are represented | by: | ||
| Investments | 1,074,190 | 1,027,498 | |
| Current assets/(liabilities) | 143,058 | 215,029 | |
| 1,217,248 | 1,242,527 |
| Name of undertaking | Registered | Nature of business | Class of | TS Held | TS Held |
|---|---|---|---|---|---|
| office | shares held | Direct | Indirect | ||
| MCF Trading 2017 Limited | England &Wales | Dormant | Ordinary | 100.00 |
| 22 | Cash generated | from operations | from operations | from operations | 2022 | 2021 | |
|---|---|---|---|---|---|---|---|
| 6 | 6 | ||||||
| (Defidit]/surpus | for | the year | (25,279] | 51,853 | |||
| Adjustments for: |
|||||||
| Investment income |
recognised | in statement | of financial activities | (26,949) | (26,647] | ||
| (Gain)/loss on |
disposal of investments | (31,167) | 6,655 | ||||
| Fair value gains | and | losses on investments | (4,063) | (187,535] | |||
| Movements in |
working capital: | ||||||
| (Increase)/decrease | in debtors | 15,000 | |||||
| Increase in creditors |
13,340 | 476 | |||||
| Cash absorbed | by operations | (74,118) | (140,198] |