2023-03-31-accounts

				Pages
Trustees' Report				1-3
Independent	Examiner's		Report
Statement of	flnanclal	actlvlties
Balance sheet
Statement of	cash flows
Notes to the accounts				8-12

								2023	2022
						Unrestricted	Restricted	Total	Total
					Note	E	E	6	E
Income from:
Donations						1,176	100,000	101,176	378
investment income							349	349
Total income									387
Expenditure on:
Raising Funds:
Charitable activities:
Charitable donations							200,000	200,000	200,000
Data storage expenses
Legal and professional		fees				1,176		1,176	378
Total expenditure
Net income / (expenditure) movement in funds				and net			(99651)	(99I651)	(199I991)
Reconciliation of	funds:
Total funds brought	forward		at	1st Apnl 2022			174,987	174,987	374,978
Total funds carried	forward		at 31st March 2023

THE TERRY FARRELL FOUNDATION Statement ofcash flows For the year ended 31 March 2023
				Note	2023	2023	2022	2022
					1	6	1	1
Net cash provided by / (used In) operating activities				10		(200,000)		(200,000)
Cash flows from Investing activities: Interest/ rent/ dividends from investments					349
Cash provided by / (used In) investing		activities				349
Cash flows from financlng activities:
Proceeds on disposal of Investment property
Cash provided by / (used in) flnanclng		activities
Change in cash and cash equivalents	in the year					(199,651)		(199,991)
Cash and cash equivalents at the beginning		ofthe year				274,987		474,978
Change In cash and cash equivalents due to		exchange	rate
movements
Cash and cash equivalents at the end	ofthe year					75,336		274,987

For	the year ended 31March 2023
1	Accounting policies
a)	Basis ofpreparation
	The financial statements have been prepared In accordance with Accounting and Reporting by Charities: Statement of Recommended
	Practke applicable to charities preparing their accounts In accordance with the Rnanclal Reporting Standard appgcaMe In the UK and
	Republic ofIreland (FRS102) —(Charities SORP FRS 102).
	The chantable Incorporated organlsatlon meets the definition of a pubgc benegt entity under FRS 102.Assets and gabgltles are Initially
	recognised at historical cost or transaction value unless otherwise stated In the relevant accounting pohcy or note.
b)	General Information
	The chartty Is a charitable incorporated organisatlon (GO), incorporated In England and Wales ( charitable Incorporated organisation registration number 1174437). The charitable Incorporated organlsatlon was incorporated on 31 August 2017. The charitable
	Incorporated organlsatlon's registered office address Is: 9 Hatton Street, London. NWB BPL
c)	Going concern
	The trustees consider that there are no material uncertainties about the charttable Incorporated organisatlon's abgity to continue as a
	going concern. The trustees do not conskler that there are any sources of estimation uncertainty at the reporting date that have a
	slgnlgcant risk ofcausing a material adjustment to the canylng amounts ofassets and Ilabgltles within the next reporting period.
d)	Income Income is recognised when the charttable Incorporated organlsatlon has entitlement to the funds, any performance conditions attached
	to the Income have been met, It Is probable that the Income wgl be received and that the amount can be measured reliably.
	Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charitable Incorporated organlsatlon has entitlement to the funds, any performance conditions attached to the grants have been met, It Is probable that the
	Income wgl be received and the amount can be measured regably and Is not deferred. Income received in advance for the provision of
	spedged service Is deferred until the criteria for Income recognltlon are met.
e)	Donations ofgifts, services and facgltles Donated professional services and donated facgitles are recognised as Income when the charttable Incorporated organlsatlon has control
	over the Item or received the servke, any conditions assodated with the donation have been met, the receipt of economic benefit from
	the use by the chargable Incorporated organlsatlon of the Item Is probable and that economic benegt can be measured reliably. In accordance with the Chariues SORP (FRS 102), volunteer time Is not recognised so refer to the trustees' annual report for more
	information about thrgr contribution.
	On receipt, donated ggts, professional servkes and donated fadgties are recognised on the basis of the value of the gift to the
	charitable Incorporated organlsauon which Is the amount the charitable Incorporated organlsatlon would have been wlglng to pay to
	obtain services or fadgtles 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 Included when receivable and the amount can be measured reliably by the charltaige Incorporated
	organisation; this Is nonnagy upon notlficauon ofthe Interest paid or payable by the bank.
g)	Fund accounting Unrestricted funds are available to spend on activities that further any of the purposes of charitable Incorporated organisatlon.
	Designated funds are unrestricted funds of the charitable Incorporated organlsatlon whkh the tmstees have dedded at their dlscmtlon
	to set aside to use for a specific purpose. Restdcted funds are donations which the donor has spedged are to be solely used for
	particular areas of the charitable Incorporated organlsatfon's work or for specific pro)earn being undertaken by the charitable
	Incorporated organlsatlon.
h)	Financial instruments The charitable Incorporated organisation only has financial assets and Iinandal gabgitles of a kind that quagfy as basic financial
	Instruments. Basic financial instruments are Inigagy recognised at transaction value and subsequently measured at their settlement value
	with the exception of bank loans whkh are subsequently measured at amortlsed cost using the effective Interest method.

2	Detailed comparat	lve	s f	or the statemen	t offinancial activ	ities
							2022	2022	2022
							Unrestricted	Restriaed	Total
							6	8	8
	Income from:
	Donations						378		378
	Inveshnent Income								9
	Total Income						378	9	387
	Expenditure on:
	Raising Funds:
	Charitable activities:
	Charitable donations							200,000	200,000
	Legal and professional		fees				378		378
	Admln costs
	Total exoendlture						378	200000	200 378
	Net Income / (expenditure) before caine/ (fosses) on Investments							(199,991)	(199,991)
	Net oains / gosses)	on	Investments
	Net movement In	funds						(199.991l	(199,991|
	Total funds brouoht	forward						374.978	374.978
	Total funds carried	forward
3	Income from donations			and Gifts
								2023	2022
					Unrestricted		Restrkted	Total	Total
					E		E	6	E
	Donations				1,176		100,000	101,176	378
4	Income from Investments							2023	2022
					Unrestrkted		Restrfcted	Total	Total
					E		E	6	E
	Interest						3'I9.00	349.0D	9.00
5	Analysis ofexpenditures
						Charitable	acdvftiea
					Cost of raising funds	Newcastle	Unlvendty	SUpport costs	Governance	2023 Total	2022 Total
					E					E	E
	Dh'ect costs						200,000			200,000	200,000
	Data storage expenses Legal and professional		fees					1,176		1,176	378
							200,000	1,176		201,176	200,378
	SUpport costs						1,176	(1,176)
	Governance mats
	Total expenditure	2023
	Total expenditure	2022									200 378

9	Movements in funds	Movements in funds	At the start	of	incoming resources Er	Outgoing resources lk		At the end of
			the year		gains	losses	Transfers	the year
				1	6	6	6	6
	Restricted funds:
	Newcastle University		174,987		100,349	(200,000)		75,336
	Total restricted funds
	Unrestricted funds:
	Designated funds:
	Total designated funds
	General funds				1,176	(1,176)
	Total unrestricted	funds
	Total funds		mrvrc		mr'nc	~nrmt

10	Reconciliation ofnet income	/ (expenditure)		to net cash flow from operating	activities
						2023	2022
						E	E
	Net income / (expenditure)	for the reporting		period		(99,651)	(199,991)
	(as per the statement offinancial activities)
	Interest, rent and dividends from investments					(349)	(9)
	(Increase)/ decrease in debtors
	Increase/ (decrease) In creditors					100000
	Net cash provided by / (used In) operating		activities