2021-03-31-accounts

				Popes
Tmstees' Report				1-3
Independent	Examtner's		Report
Statement of	Enanclal	actlvltles
Balance sheet
Statement of	cash flows
Notes to the accounts				8-12

								2021	2020
					Note	Unrestricted 6	Restricted 6	Total 6	Totalf
Income from:
Donations						9,116		9,116	11,149
Investment income									613
Total income
Expenditure on:
Raising Funds:
Charitable acbvities:
Charitable donations							100,000	100,000	200,000
Property expenses									6,623
Data storage expenses						9,116		9,116
Legal and professional		fees							28,393
Admln costs									1,768
Total expenditure
Net Income / (expenditure)				and net
movement In funds							(100,000)	(100,000)	(225,022)
Reconciliation of	funds:
Total funds brought	forward		at 1st April 2020				474,978	474,978	700,000
Total funds carried forward			at 31st March 2021

THE TERRY FARRELL FOUNDATION
Statement ofcash flows
For the year ended 31March 2021
				Note	2021	2021	2020	2020
					5	5	5	5
Net cash provided by / (used in) operating			activities	10		(100,000)		(225,022)
Cash flows from Investing activities:
Interest/ rent/ dividends from Investments
Cash provided by / (used in) Investing		activities
Cash flows from financing activities:
Proceeds on disposal of Investment property
Cash provided by / (used In) financing		activities						800,000
Change in cash and cash equivalents	in the		year			(100,000)		574,978
Cash and cash equivalents at the beginning		ofthe year				574,978
Change in cash and cash equivalents due to		exchange rate
movements
Cash and cash equivalents at the end	ofthe		year			474,978		574,978

THE TERRY FARILELL FOUNDATION	THE TERRY FARILELL FOUNDATION
Notes	to the financial statements
For the year ended 31March 2021
1	Accounting policies
a)	Basis ofpreparation
	The flnandal statements have been prepared In accordance with Accounting and Reporting by Chanties: Statement of Recommended
	Practice appgcable to charities prepanng their accounts in accordance with the I-inandal Reporgng Standard applkable In	the UK and
	Republic ofIreland (FRS 102)- (Charities SORP FRS 102).
	The charitable incorporated organlsatlon meets the deflnNon of a public benefit enbty under FRS 102. Assets and lbbgrties	are Inltlagy
	recogrgsed at historical cost or transaction value unless otherwise stated in the relevant accounbng pogcy or note.
b)	General Information The charity is a chantable Inmrporated organlsatlon (CIO), incorporated in England and Wales ( charitable incorporated organisation registration number 1t74437). The charitable incorporated organisauon was incorporated on 31 August 2017. The charitable
	Incorporated organlsatlon's registered office address Is: 9 Hatton Street, London. NW8 8PL
c)	Going concern The trustees consider that there are no material uncertainties about the charitable inmrporated organisation's abigty to continue as a
	going concern. The bustees do not consider that there are any sources of esbmatkn uncertainty at the reporbng date	that have a
	significant risk ofcausing a matmial adjustment to the carrying amcunts of assets and gabilitles within the next reporting period.
d)	Income income is recognised when the charitable inmrporated organisatlon has entitlement to the funds, any performance conditions	attached to
	the income have been met, lt Is probable that the Income will be received and that the amount can be measured reliably.
	Income from government and other grants, whether 'capital' grants or 'revenue' grants, Is remgnised when the chadtabk incorporated organisagon has entitlement to the funds, any performance conditions attached to the gmnls have been met, It Is probable that the income wgl be received and the amount can be measured relfably and is not deferred. Income received in advance for the provision of
	specified servke ls deferred untg the crltena for Income recognigon are met.
e)	Donations ofgifts, services and facilities Donated professional services and donated fadlltles are recognised as income when the charitable incorporated organlsatlon	has contrd
	over the item or received the service, any conditions associated with the donation have been met, the receipt of economk	benegt from
	the use by the charitable incorporated crganbaticn of the Item is probable and that economic benefit can be measured regably. In accordance with the Charities SORP (FRS 102), volunteer time ls not recognised so refer to the trustees' annual report for more
	information about their contribution.
	On receipt, donated gifts, professkmal services and donated fadlities are recognised on the basis of the value ofthe glR to the charitable Incorporated organisation which Is the amount the charitable incorporated organlsatlon would have been wgling to pay to obtain services
	or fadlltles of equivalent economk benefit on the open market; a corresponding amount Is then recognised In expenditure	In the period
	of recrgpb
f)	Interest receivable interest on funds hrdd on deposit ls Included when receivable and the amount can be measured regably by the charitable	Incorporated
	organlsatlon; this is normally upon notiRcatlon of the interest paid or payable by the bank.
g)	Fund accounting Unrestrkted funds are avagable to spend on acttvhies that further any of the purposes of charltaNe Incorporated	organlsatlon.
	Designated tends are unrestricted funds of the charitable Incorporated organisatlon whkh the trustees have dedded at ttxgr	dlscregon to
	set aside to use for a spedgc purpose. Restricted funds are donations which the donor has speciged are to be srgely used	for particular
	areas of the charitable incorporated organlsatlon's work or For spedlic projects bang undertaken by the charitable	incorporated
	organlsatlon.
h)	Financial Instruments The charitable Incorporated organisatlon only has financial assets and Rnandal gabgiges of a kind that qualify as bask financial
	instruments, Basic flnandal instruments are Ingially recognised at transaction value and subsequently measured at their settlement value
	with the exception of bank loans whkh are subsequently measured at amorttsrd cost using the elyective Interest method.

							2020	2020	2020
							Unrestrkted	Restrkted	Total
							6	6	E
	Income fram:
	Donaucn s						11,149		11,149
	Investment income							613	613
	Total income							613	11762
	Expenditure on:
	Raising Funds:
	Charitable actMtles:
	Chadtable donations								200,00D
	prcpeny expensm						6,623		6,623
	Legal and pro/esslonal		fees				2,758	25,635	28@93
	Admln costs								I768
	Total expenditure
	Net income / (expenditure) before gains/ (losses) on Investments							(225,022)	(225,022)
	Net qains / (losses)	on	Investments
	Net movement ln	funds						(225,022)	(225,022)
	Total funds brouqht	forward						700,000	700,000
	Total funds carried forward
3	Income from donations			and Gifts
								2021	2020
					UIxestd cterl		Restricted	Total	Total
					1		E	6	1
					9,116			9,116	11,149
4	Income from Investments							2021	2020
					Unrsstrkted		Restriaed	Total	Total
					E		E	6	1
	Interest								613
5	Analysis ofexpendltures
						Charitable	actlvlues
					Cost of raising funds	Newcastle	University	Support costs		2021Total	2020 Total
					E					6	E
	Direct costs						100,000			100,000	200,000
	Travel and subsistence										1,768
	Assodated costs on disposal Data storage expenses							9,116		9,116	25,635
	Legal and professional		fees								2,758
	property expenses										6,623
							100,000	9,116		109,116	236,784
	Suppolt costs						9,116	(9,116)
	Governance costs
	Total expenditure	2021								~109116	~236 784
	Total expenditure	2020									236784

8	Creditors: amo	unts	falling due	within one yea	r
								2021		2020
								6		6
	Other creditors							100,000	100,000
9	Movements In	funds		At the start of		Incoming resources 8	Outgoing resources 8		At the	end of
				the	year	gains	losses	Transfers	the year
					6	6	1	6		6
	Restricted funds:
	Newcastle University			474,978			(100,000)		374,978
	Total restricted	funds
	Unrestricted funds:
	Designated funds:
	Total designated	funds
	Generalfunds					9,116	(9,116)
	Total unrestricted		funds
	Totalfunds

ort	he year ended 31	March 202	1
10	Reconciliation of	net Income	/ (expenditure)		to net cash flow from opemtlng	activities
							2021	2020
							E	6
	Net Income / (expenditure)		for the reporting		period		(100,000)	(225,635)
	(as per the statement offinancial activities)
	Interest, rent and dividends from investments							613
	(Increase)/ decrease	in debtors
	Increase/ (decrease)	in creditors
	Net cash provided	by / (used In) operating		activities