2022-03-31-accounts

The tnlstees:	The tnlstees:		Sir Teny Farrell	Sir Teny Farrell
			Mel Xln Wang	Farrell
			Brian Chantler
			Emma Dexies
			Luke Farrell
Principal	place ofbusiness:		9 Hatton Street
			l.ondon
			NWB BPL
Independent		Examiner:	Heber Phllllps	LLP
			Summit House
			170Flnchley Road
			London
			NWS 6BP
Sogcltors:			Blake Morgan	LLP
			Harbour Court
			Compass Road
			North Harbour
			Portsmouth P06 9ST

Trustees' Report	Trustees' Report
Independent	Examiner's		Report
Statement of	flnandal	acthltles
Balance sheet
Statement of	cash flows
Notes to the accounts

							2022	2021
				Note	UnrestrictedI	RestrictedI	Total E	Total E
Income from:
Donations					378		378	9,116
Investment income
Total Income				3 Er4	378	9
Expenditure on:
Raising Funds:
Charitable activities:				5
Charitable donations						200,000	200,000	100,000
Data storage expenses								9,116
Legal and professional		fees			378		378
Total expenditure
Net Income / (expenditure)			and net
movement in funds						(199,99t)	(199,991)	(100,000)
Reconciliation of	funds:
Total funds brought	forward at		1st Apdl 2021			374,978	374,978	474,978
Total funds carried forward at 31st March 2022

THE TERRY FARRELL FOUNDATION
Statement ofcash flows
Forthe year ended 31March 2022
				Note	2022	2022	2021	2021
					8	E	1	5
Net cash provided by / (used In) operating			activities	10		(199,991)		(100,000)
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
Change In cash and cash equivalents	In	the	year			(199,991)		(100,000)
Cash and cash equivalents at the beginning		ofthe year				474,978		574,978
Change in cash and cash equivalents due to		exchange rate
movements
Cash and cash equivalents at the end	ofthe		year			274,987		474,978

THE TERRY FARRELL FOUNDATION	THE TERRY FARRELL FOUNDATION
Notes	tothe financial statements
For the year ended 31 March 2022
1	Accounting policies
a)	Basis ofpreparation
	The Bnancial statements have been prepared In acmrdance wfth Accounting and Reporting by Chartges: Statement of Recommended
	Pracgce applkable to charities preparing their accounts ln accordance with the Financial Reporting Standard appkrabie fn	the UK and
	Republic ofIreland (FRS 102)- (Charities SORP FRS 102).
	The charitable incorporated organisation meets the deffnigon of a public benefit entity under FRS 102.Assets and liabilities	are Initially
	recognised at historical cost or transaction value unless otherwise stated in the relevant accounting polky or note.
b)	General information
	The chanty is a charitable incorporated organisation (CIO), Incorporated in England and Wales ( charitable incorpomted	organisation
	reglstratke number 117qq37). The charitable incorporated organlsatlon was incorporated on 31 August 2017. The charitable
	Incorporated organisation's registered oNce address is:9 Hatton Street, London. NWB BPL.
c)	Going concern
	The trustees consider that there are no material uncertainties about the charitable incorporated organisatlon's abikty to continue as a
	going concern. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date	that have a
	slgnigcant risk of causing a material adjustment to the canylng amounts of assets and liabilities within the next reporting period.
d)	Income Inmme is remgnised when Ihe charitable Incorporated organisation has entitlement to the funds, any performance condlgons	attached to
	the Income have been met, It Is probable that the Income will be received and that the amount can be measured reliably.
	income from government and other grants, whether 'capkal' grants or 'revenue' grants, Is recognised when the charitable incorporated organisation has entitlement to the funds, any performance conditions attached to the grants have been met, It Is probable that the
	Inmme will be recdved and the amount can be measured reliably and is not deferred. income received In advance for the	provision of
	spedged senrke Is deferred until the criteria for Income recognldon are met.
e)	Donations ofgifts, senrlces and facilities Donated professional servtces and donated facilities are recognised as Income when the charitable incorporated organisation	has control
	aver the item or received the service, any conditions assodated with the donation have been met, the receipt of economic	benefit fram
	the use by the charitable Incorporated organlsatkn of the item Is probable and that economk benefit can be measured	reliably. Ln
	accordance with the Charities SORP (FRS 102), volunteer time is not recognised so refer to the trustees' annual report for mare
	Informadon about their conbibugon.
	On recrgpt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charitable Inmrporated organlsatfon whkh Is the amount the charitable incorporated organlsatlon would have been willing to pay to obtain servkes
	or fadllties of equivalent economic benefit on the open market; a corresponding amount is then recognised In expenditure	in the period
	of receipt.
f)	Interest receivable
	Interest on funds held on deposit Is Induded when receivable and the amount can be measured reliably by the charitable	Incorporated
	organlsatloni this Is normally upon notlfkagon ofthe Interest paid or payable by the targe
g)	Fund accounting Unrestricted funds are available to spend on actlviues that further any of the purposes of charitable incorporated	organlsatkm.
	Designated funds are unrestrkted funds ofthe charitable incorporated organisation which the trustees have deckled at their	discretion to
	set aside to use for a specific purpose. Restricted funds are donations whkh Ihe donor has spedffed are to be solely used	for partkular
	areas of the charitable incorporated organisation's work or for specigc projects being undertaken by the charitable	Incorporated
	organisation.
h)	Financial Instruments The charitable incorporated organisation only has flnandai assets and flnandal liabilities of a kind that qualify as bask flnandal
	instruments. Basfc flnandal Insbuments are InNally recognised at transaction value and subsequently measured at their settlement value
	with the exception of bank loans which are subsequently measured at amortised cost using the effecbve Interest method.

								2021		2021	2021	2021
							Unresblcted			Restricted	Total
								6		6		6
	Income from:
	Donations						9,116				9,116
	Investment Inccme
	Total income										9	116
	Expenditure on:
	Raising Funds:
	Charitable ac0vtges.
	Charitable donabons									100,000	100,000
	Data stroage expenses						9,116				9,116
	Legal and professional		fees
	Admln costs
	Total expendIture										109	116
	Net Income / (expenditure) before gains/ (losses) on investments									(100,000)	(100,000)
	Net qalns / (losses)	on	Investments
	Net movement In	funds								(100,000)	(100,000)
	Total funds brouqht	forward								474,978	474,978
	Total funds carried fonvard
3	Income from donations			and Gifts
										2022		2021
					UnrestrktedI		Resbfcted E			Total E		Total E
	Donations				378					378	9,116
4	Income from Investments
										2022		2021
					Unresbicted					Total		Total
					E					6		E
								9.00		9.00
5	Analysis ofexpenditures
						Charitable	activities
					Cost of ratdng funds	Newcastle	University		P		Govenw costs	nce	2022 Total	2021Total
					E								6	E
	Dlrea costs						200,000						200,000	100,000
	Data storage expenses Legal and professional		fees										378	9,116
							200,000						200,378	109,116
	Support costs							378		(378)
	Govemarxe costs
	Total expenditure	2022					200	78					~200378	109116
	Total expenditure	2021												~109116

									2022		2021
									E		E
	Other credltom								100,000	100,000
9	Movements In	funds					Incoming	Outgoing
					At the start	of	resources 8	resources 8		At the	end of
					the year		gains	losses	Transfers	the year
						1	1	1	E		E
	Restricted funds:
	Newcastle University				374,978		9	(200,000)		174,987
	Total restricted	funds					9	~200000
	Unrestricted funds:
	Designated funds:
	Total designated	funds
	Generalfunds						378	(378)
	Total unrestricted		funds
	Total funds
	Purposes ofthe	resbicted		funds are	as follovr;

ort	he year ended 31	March 202	2
10	Reconciliation of	net income	/ (expenditure)		to net cash flow from operating	activities
							2022	2021
							E	I
	Net Income / (expenditure)		for the reporting		period		(200,000)	(100,000)
	(as per the statement offinancial activities)
	Interest, rent and divklends from Investments
	(Inuease)/ decrease	In debtors
	Increase/ (decrease)	in creditors
	Net cash provided	by / (used In) operating		activities