2021-01-31-accounts

Charity number: 1175983

PAVERS CHARITABLE FOUNDATION

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2021

PAVERS CHARITABLE FOUNDATION

CONTENTS

	Page
Reference and administrative details of the Charity, its Trustees and advisers	1
Trustees' report	2 - 5
Independent examiner's report	6
Statement of financial activities	7
Balance sheet	8
Notes to the financial statements	9 - 20

PAVERS CHARITABLE FOUNDATION

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 JANUARY 2021

Trustees	J M Paver
	G J Paver
	R L Paver
	D J Paver
Charity registered number 1175983 Principal office Northminster Business Park Northfield Lane Upper Poppleton York YO26 6QU Bankers HSBC 33 Park Row Leeds LS1 1LD Investment Managers Robertson Baxter Beck House 1 Abbey Road Shepley Huddersfield HD8 8EP Independent Examiner Jane Marshall FCA DChA BHP LLP, Chartered Accountants 1 St Mary's Court Blossom Street York YO24 1AH

Page 1

PAVERS CHARITABLE FOUNDATION

TRUSTEES' REPORT FOR THE YEAR ENDED 31 JANUARY 2021

The Trustees present their annual report together with the financial statements of the Charity for the year ended 31 January 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” in preparing the annual report and financial statements of the charity.

The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.

Objectives and activities

a. Policies and objectives

The Charity's governing document states that the Foundation may make grants to "advance the charitable purposes the Trustees deem fit". This gives the Trustees considerable latitude to decide on priorities.

The Trustees currently have three different methods of making grants. Firstly, the Foundation supports two charities every year where, initiated by a select committee, a range of charities are appointed for nomination amongst Pavers employees. In addition, applications can be made from all Pavers Limited employees, with the objective being to promote healthcare and well-being, supporting education initiatives and enhancing community projects. Finally, the Trustees themselves have an allocation to distribute to the charities they deem fit.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

b. Main activities undertaken to further the Charity's purposes for the public benefit

The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Foundation's aims and objectives, in planning future activities and setting grant-making policies.

The Foundation provides funding to organisations which demonstrate charitable purposes. Funding provided enables the causes supported to provide benefits to the public within those organisation's specific aims and objectives. This is consistent with the aims of the Foundation. Where the grant is made to a registered charity the Trustees are confident that the grant has been made to further a charitable purpose to the public benefit. Where grants are made to other organisations the Trustees consider carefully how the funds will be used and make grants with conditions to ensure that they are spent appropriately and for charitable purposes.

Achievements and performance

a. Key performance indicators

In the period to 31 January 2021, the Foundation's income was £93,562 (2020: £414,003). Income received from investments totalled £26,836 (2020: £125,610) and donations received from Pavers Limited totalled £13,275 (2020: £257,030). Expenditure for the period was £173,107 (2020: £362,293). This resulted in net expenditure of £79,545 (2020: net income of £51,710). Once net losses on investments of £220,459 (2020: £127,018) are taken into account the overall net movement in funds was a deficit of £300,004 (2020: £75,308). The total funds available at the end of the period were £1,636,327 (2020: £1,936,331). All funds are unrestricted, within these funds, £92,514 (2020: £125,652) have been designated.

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PAVERS CHARITABLE FOUNDATION

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2021

Achievements and performance (continued)

b. Review of activities

In the period to 31 January 2021, the Foundation made grants totalling £159,736 (2020 £342,859). Shout 85258 was voted by Pavers Limited employees as the Foundation's charity of the year and was awarded £50,000. Wishing to show support to its runner-up charities, the Foundation also donated £2,500 to Shelter, The Brain Tumour Charity and Children With Cancer. The Paver family awarded grants to their chosen charities totalling £64,325 (2020: £100,130) and a committee awarded grants totalling £37,911 (2020: £86,454) for various charities which had been nominated by Pavers Limited employees.

c. Investment policy and performance

The Charity's governing document authorises the Trustees to invest the Foundation's funds in the same unrestricted manner as if they were the beneficial owner of the funds. Trustees agreed to invest a significant proportion of the charity's funds in an investment portfolio during previous years. The trustees have a clear and agreed investment policy and objectives based on the advice of its investment managers, Robertson Baxter, who implement that strategy and report at every meeting to the Trustees on performance and market conditions. The Trustees will continue to monitor the investment policy and objectives to ensure that it takes account of the overall objectives of the foundation.

In March 2020, the decision was taken to dispose of the entire investment portfolio and reinvest these funds in a discretionary portfolio. At the 31 January 2021 the valuation of the investments was £1,511,189 (2020: £1,725,193) which represents a loss of £448,011 on the initial investment of £1,959,200.

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Reserves policy

It is the policy of the charity to maintain funds at a level commensurate with its obligations. The aim is to provide sufficient funds to cover the administration of the charity and respond applications for funding and grants.

The investments are held to generate income to fund the charitable activities. These are therefore excluded from the calculation of free reserves. The free reserves of the charity as at 31 January 2021, which represents the net current assets less designated funds, are £32,624 (2020: £85,486).

The trustees consider it to be prudent to hold income reserves of this order partly so the level of grants in the forseeable future can be suststained in the event of any unforseen fall in income and partly to enable the Trustees to make one or more substantial grants without prejducing normal grant making.

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PAVERS CHARITABLE FOUNDATION

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2021

c. Principal funding

The Foundation has received donations from Pavers Limited totalling £13,275 (2020: £257,030) and from various members of the Pavers family totalling £nil (2020: £21,500). The Foundation will continue to be supported by Pavers Limited who have agreed to donate 2% of their net profit each year to the Foundation.

Structure, governance and management

a. Constitution

The charity was incorporated on 28 November 2017 and commenced its activities on that date. The charity is governed by a CIO Constitution.

The principal object of the charity is to provide grants to support general charitable causes.

b. Methods of appointment or election of Trustees

The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the governing document. Trustee induction and training is informal, but appropriate to a Foundation of this size. New Trustees are provided with copies of the governing documents, latest set of accounts and taken through the processes employed by the Foundation.

c. Organisational structure and decision-making policies

The Trustees are responsible for setting the overall strategies, policies and funding criteria of the Foundation including investments. The Chairman also has the casting vote if the committee is locked on a grant award.

d. Financial risk management

The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks. Major risks that the Trustees have considered and have taken steps to mitigate include having robust assessment and monitoring processes to ensure grants made are for work which is considered charitable; having a clear investment policy which takes into account appropriate professional advice; and ensuring that the Foundation is compliant with legislation and regulations through taking any necessary professional advice.

e. Fundraising

The charity does actively engage in fundraising practises but only with employees of the operating business.

Plans for future periods

The Trustees continue to maintain the amount of funds it has available annually for grant distribution. The Trustees will continue to review the Foundation's work during the coming year and continue to offer grants based on the decisions made by the family members, the committee and the votes for charities of the year.

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PAVERS CHARITABLE FOUNDATION

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2021

Statement of Trustees' responsibilities

The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles of the Charities SORP (FRS 102);

• make judgments and accounting estimates that are reasonable and prudent;

• state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees and signed on their behalf by:

Jason Paver

Jason Paver (Nov 22, 2021 14:55 GMT)

J M Paver

Trustee Date: 22-Nov-2021

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PAVERS CHARITABLE FOUNDATION

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 JANUARY 2021

Independent Examiner's Report to the Trustees of Pavers Charitable Foundation ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 January 2021.

Responsibilities and Basis of Report

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner's Statement

Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed: Jane Marshall (Nov 22, 2021 15:29 GMT) Dated: 22-Nov-2021

Jane Marshall FCA DChA

BHP LLP Chartered Accountants Rievaulx House 1 St Mary's Court, York YO24 1AH

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PAVERS CHARITABLE FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JANUARY 2021

Note Income from: Donations and legacies 3 Investments 4 Total income Expenditure on: Raising funds 5 Charitable activities 6 Total expenditure Net (expenditure)/income before net losses on investments Net losses on investments Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward	Unrestricted funds 2021 £ 66,726 26,836 93,562 7,041 166,066 173,107 (79,545) (220,459) (300,004) 1,936,331 (300,004) 1,636,327	Total funds 2021 £ 66,726 26,836 93,562 7,041 166,066 173,107 (79,545) (220,459) (300,004) 1,936,331 (300,004) 1,636,327	Total funds 2020 £ 288,393 125,610 414,003 11,615 350,678 362,293 51,710 (127,018) (75,308) 2,011,639 (75,308) 1,936,331

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 9 to 20 form part of these financial statements.

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PAVERS CHARITABLE FOUNDATION

BALANCE SHEET AS AT 31 JANUARY 2021

Note Fixed assets Investments 11 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 12 Net current assets Total net assets Charity funds Unrestricted funds 13 Total funds	210,985 210,985 (85,847)	2021 £ 1,511,189 1,511,189 125,138 1,636,327 1,636,327 1,636,327	278,356 278,356 (67,218)	2020 £ 1,725,193
				1,725,193 211,138
				1,936,331
				1,936,331
				1,936,331

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

Jason Paver

Jason Paver (Nov 22, 2021 14:55 GMT)

J M Paver

(Trustee)

Date: 22-Nov-2021

The notes on pages 9 to 20 form part of these financial statements.

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PAVERS CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2021

1. General information

Pavers Charitable Foundation is an unincorporated charity registered in England and Wales. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature oft he charity's operations and principle activities can be found on page 2.

2. Accounting policies

2.1 Basis of preparation of financial statements

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.

The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following the Accounting and Reporting by Charities:Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The financial statements are prepared under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.2 Going concern

The financial statements are prepared on the Going Concern basis. The trustees have reasonable expectaton based on income forecasts, that the charty can continue to meet its liabilites as they fall due and will continue in operational existence for the forseeable future.

2.3 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

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PAVERS CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2021

2. Accounting policies (continued)

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity.

Support costs are those costs incurred directly in support of expenditure on the objects of the charity. Governance costs are those incurred in connection with administration of the charity and compliance with consitutional and statutory requirements.

Costs of raising funds are costs incurred in attracting investment income.

Charitable activities and Governance costs are costs incurred on the charity's operations, including support costs and costs relating to governance of the charity apportioned to charitable activities.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

2.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the Bank.

2.6 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities.

2.7 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.8 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

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PAVERS CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2021

2. Accounting policies (continued)

2.9 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially 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 effective interest method.

2.10 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes of making donations to charities chosen by Paver Family members.

3. Income from donations and legacies

Donations Pavers Ltd Donations from Pavers family Other donations Total 2021 Total 2020	Unrestricted funds 2021 £ 13,275 - 53,451 66,726 288,393	Total funds 2021 £ 13,275 - 53,451 66,726 288,393	Total funds 2020 £ 257,030 21,500 9,863
			288,393

4. Investment income

Investment income Total 2020	Unrestricted funds 2021 £ 26,836 125,610	Total funds 2021 £ 26,836 125,610	Total funds 2020 £ 125,610

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PAVERS CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2021

4. Investment income (continued)

5. Expenditure on raising funds

Investment management fees Total 2020	Unrestricted funds 2021 £ 7,041 11,615	Total funds 2021 £ 7,041 11,615	Total funds 2020 £ 11,615

6. Charitable activities

Grants payable (note 7) Support costs (note 8) Total 2020	Unrestricted funds 2021 £ 159,736 6,330 166,066 350,678	Total funds 2021 £ 159,736 6,330 166,066 350,678	Total funds 2020 £ 342,859 7,819
			350,678

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PAVERS CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2021

7. Analysis of grants

Family donations Committee donations Charity of the year Other donations Total 2020	Grants to Institutions 2021 £ 64,325 37,911 57,500 - 159,736 341,859	Grants to Individuals 2021 £ - - - - - 1,000	Total funds 2021 £ 64,325 37,911 57,500 - 159,736 342,859	Total funds 2020 £ 100,130 91,379 145,000 6,350
				342,859

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PAVERS CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2021

7. Analysis of grants (continued)

The Charity has made the following material grants to institutions during the year:

Name of institution Dementia UK MIND Shout 85258 Age UK Accessible Arts and Media Fashion & Textile Childrens Trust Trinity Hall College Cambridge Lepra The Prince's Trust The Wight Brainy Bunch Lauren's Legacy EMMAUS Fulford School Uluslararasi Yardimlasma ve Entegrasyon Dernegi Muscular Dystrophy UK Hull Kingston Rovers Community Trust Antibiotic Research UK Hull Women's Aid Hull Children's Hospital Other grants to institutions	2021 £ - - 50,000 15,000 10,000 5,000 5,000 5,000 5,000 5,000 5,000 - - - - - - - - 105,000 54,736 159,736	2020 £ 65,000 65,000 - - - - - - - - - 5,000 20,000 10,000 15,000 10,000 7,500 5,000 10,000
		212,500 129,359
		341,859

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PAVERS CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2021

8. Support Costs

Advertising Committee meetings Travel and subsistence Sundries Legal fees Charges Audit and accountancy Total 2021 Total 2020	Governance 2021 £ - - - - - - 4,300 4,300 3,786	Grant Making 2021 £ - 550 80 - 1,207 193 - 2,030 4,033	Total funds 2021 £ - 550 80 - 1,207 193 4,300 6,330 7,819	Total funds 2020 £ 2,099 490 629 431 - 384 3,786
				7,819

9. Independent examiner's remuneration

	2021	2020
	£	£
Fees payable to the Charity's independent examiner for the independent
examination of the Charity's annual accounts	3,400	3,300
Fees payable to the Charity's independent examiner in respect of:
Taxation compliance services	900	486

10. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2020: £nil).

During the year ended 31 January 2021, no Trustee expenses have been incurred (2020: £nil).

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PAVERS CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2021

11. Fixed asset investments

	Listed investments	Total 2021	Total 2020
	£	£	£
Cost or valuation
At 1 February2020	1,703,306	1,703,306	1,806,124
Additions	1,374,390	1,374,390	24,200
Disposals	(1,399,061)	(1,399,061)	-
Revaluations	(220,459)	(220,459)	(127,018)
At 31 January 2021	1,458,176	1,458,176	1,703,306
Investment cash	53,013	53,013	21,887
At 31 January2021	1,511,189	1,511,189	1,725,193
Historical cost	1,959,200	1,959,200	1,959,200

12. Creditors: Amounts falling due within one year

Other creditors Accruals and deferred income	2021 £ 81,547 4,300 85,847	2020 £ 63,918 3,300
		67,218

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PAVERS CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2021

13. Statement of funds

Statement of funds
Statement of funds - current year Balance at 1 February 2020 £ Unrestricted funds Designated funds G Paver's funds 33,563 I Paver's funds 18,313 S Paver's funds 45,440 J Paver's funds 28,336 125,652 General funds General Fund 1,810,679 Total Unrestricted funds 1,936,331	Income £ - - - - - 93,562 93,562	Expenditure £ (20,000) (4,000) (32,621) (7,704) (64,325) (108,782) (173,107)	Transfers in/out £ 9,356 9,356 9,356 3,119 31,187 (31,187) -	Gains/ (Losses) £ - - - - - (220,459) (220,459)	Balance at 31 January 2021 £ 22,919 23,669 22,175 23,751
Unrestricted funds Designated funds G Paver's funds I Paver's funds S Paver's funds J Paver's funds General funds General Fund Total Unrestricted funds
					92,514
					1,543,813
					1,636,327

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PAVERS CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2021

13. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds Designated funds G Paver's funds I Paver's funds S Paver's funds J Paver's funds General funds General Fund Total Unrestricted funds	Balance at 1 February 2019 £ 7,663 12,413 24,140 40,232 84,448 1,927,191 2,011,639	Income £ - - - - - 414,003 414,003	Expenditure £ (15,000) (35,000) (19,600) (30,530) (100,130) (262,163) (362,293)	Transfers in/out £ 40,900 40,900 40,900 18,634 141,334 (141,334) -	Gains/ (Losses) £ - - - - - (127,018) (127,018)	Balance at 31 January 2020 £ 33,563 18,313 45,440 28,336
						125,652
						1,810,679
						1,936,331

14. Summary of funds

Summary of funds - current year

Designated funds General funds	Balance at 1 February 2020 £ 125,652 1,810,679 1,936,331	Income £ - 93,562 93,562	Expenditure £ (64,325) (108,782) (173,107)	Transfers in/out £ 31,187 (31,187) -	Gains/ (Losses) £ - (220,459) (220,459)	Balance at 31 January 2021 £ 92,514 1,543,813
						1,636,327

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PAVERS CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2021

14. Summary of funds (continued)

Summary of funds - prior year

Designated funds General funds	Balance at 1 February 2019 £ 84,448 1,927,191 2,011,639	Income £ - 414,003 414,003	Expenditure £ (100,130) (262,163) (362,293)	Transfers in/out £ 141,334 (141,334) -	Gains/ (Losses) £ - (127,018) (127,018)	Balance at 31 January 2020 £ 125,652 1,810,679
						1,936,331

15. Analysis of net assets between funds

Analysis of net assets between funds - current period

Fixed asset investments Current assets Creditors due within one year Total	Unrestricted funds 2021 £ 1,511,189 210,985 (85,847) 1,636,327	Total funds 2021 £ 1,511,189 210,985 (85,847) 1,636,327

Analysis of net assets between funds - prior period

Fixed asset investments Current assets Creditors due within one year Total	Unrestricted funds 2020 £ 1,725,193 278,356 (67,218) 1,936,331	Total funds 2020 £ 1,725,193 278,356 (67,218) 1,936,331

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PAVERS CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2021

16. Related party transactions

During the year, one trustee made a donation of £nil (2020: £5,000) to the charity.

Pavers Limited, a connected company, donated £13,275 (2020: £257,030) to the charity.

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