## |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||||| ## ##