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