| Page | ||
|---|---|---|
| Trustees and Professional Advisors |
||
| Trustees' Report |
2-4 | |
| Independent Auditor's |
Report | 5-8 |
| Statement offinancial |
activities | |
| Balance Sheet | 10 | |
| Statement ofcash flows |
||
| Notes to the financial | statements | 12 - 17 |
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2021 | 2021 | 2020 | |||
| Note | 6'000 | K'000 | E'000 | ||
| income from: | |||||
| Legacies | 132.206 | ||||
| Investments | 720 | 720 | 29 | ||
| 720 | 720 | 132,235 | |||
| Expenditure on: |
|||||
| Donations | 4,021 | 4,021 | 7,326 | ||
| Other expenditure | 66 | 66 | 45 | ||
| Total expenditure | 4,087 | 4,087 | 7,371 | ||
| Net operating expenditure |
(3,367) | (3,367) | 124,864 | ||
| Loss on disposal | of investments | (132) | (132) | ||
| Exchange losses | (12,528) | (12,528) | |||
| Net movement | in funds | (16,027) | (16,027) | 124,864 | |
| Reconciliation | offunds: | ||||
| Total funds brought forward | 8 | 136,010 | 136,010 | 11,146 | |
| Total funds carried forwards | 119,983 | 119,983 | 136,010 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Note | E'000 | 6'000 | ||||
| CASH FLOWS FROM OPERATING | ACTIVITIES | |||||
| Net cash | provided by operating activities |
10 | (1,542) | 12,505 | ||
| Investment | income | 720 | ||||
| CHANGE | IN CASH 8 CASH EQUIVALENT | IN THE YEAR | (822) | 12,505 | ||
| Cash and | cash equivalents brought |
forward | 12,521 | 16 | ||
| CASH AND CASH EQUIVALENTS | CARRIED FORWARD | 11,699 | 12,521 |
| Income from leg | ac | ies | ||||
|---|---|---|---|---|---|---|
| 2021 f'000 |
2020 f'000 |
|||||
| (a) Investments |
123,301 | |||||
| (b) Artwork |
1,326 | |||||
| (b) Chattels |
199 | |||||
| Cash | 7,380 | |||||
| 132,206 | ||||||
| All income received | is | unrestricted. | ||||
| Donations | ||||||
| 2021 f'000 |
||||||
| The Professional | Teaching | Institution | 2,000 | |||
| Moorfields Eye Charity |
2,000 | |||||
| Edinburgh International |
Book Festival | 18 | ||||
| Royal Society of Literature | 3 | |||||
| 4,021 |
| Other expenditure —sup |
port costs | |||
|---|---|---|---|---|
| 2021 | Total | Grant | Governance | Total |
| 2021 | Making | 6'000 | 2020 | |
| F'000 | 6'000 | 6000 | ||
| Auditor's | ||||
| fees | ||||
| Professional | 62 | 62 | 28 | |
| Other | ||||
| 66 | 62 | 32 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| F.'000 | 6'000 | |||
| Auditors' | remuneration | —audit | 4 | 4 |
| Statement offunds —prior y |
ear | ||||
|---|---|---|---|---|---|
| Balance | Income | Expenditure | Gains/ | Balance | |
| at 6.4.19 | E'000 | E'000 | (Losses) | at 31.3.20 | |
| F'000 | E'000 | E'000 | |||
| General funds —all funds | 11,146 | 132,235 | (7,371) | 136,010 | |
| Statement offunds —current | year | ||||
| Balance | Income | Expenditure | Gains/ | Balance | |
| at 1.4.20 | E'000 | E'000 | (Losses) | at31.3.21 | |
| E'000 | K'000 | E'000 | |||
| General funds —all funds | 136,010 | 720 | (4,087) | (12,660) | 119,983 |
| Reconciliati | o | n ofnet movement in funds to net cash flow |
from operating a |
ctivities |
|---|---|---|---|---|
| 2021 f'000 |
2020 K'000 |
|||
| Net movement | in funds for the year (as per Statement of | |||
| Financial | Activities) | (16,027) | 124,864 | |
| Increase in |
debtors | 2,535 | (112,358) | |
| Increase in |
creditors | 10 | (1) | |
| Exchange | 12,528 | |||
| Assetlosses | 132 | |||
| Investment | income | (720) | ||
| (1,542) | 12,505 |