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2021-04-05-accounts

CONTENTS			PAGE
Offlcers and professional		advisors
Directors' report
Auditor's report
Statement ofFinancial	Activities		10
Balance sheet
Statement ofcashflows			12
Analysis ofnet debt			13
Notes to the financial	statements		14

					Total	Total
				Unrestricted	Funds	Funds
				Funds	year to 5	16month
			Note		April	period to
					2021	5 April
						2020
						(restated)
INCOME FROM
Income from investments				28,617	28,617	9,278
Donations				698,303	698,303	4,402,592
Total income				726,920	726,920	4,411,870
EXPENDITURE	ON
Charitable activities				180,000	180,000	103,015
Support costs				66,790	66,790	17,406
Total expenditure				(246,790)	(246,790)	(120,421)
Net (losses)/gains	on investments			(214,235)	(214,235)	165,138
Net (losses)/gains	on foreign exchange			(377)	(377)	35,531
NET INCOME BEFORETAX				265,518	265,51S	4,492,118
Overseas tax deducted		at source		(2,281)	(2,281)
NET INCOME AFTER TAX				263,237	263,237	4,492,118
RECONCILIATION		OFFUNDS
Total funds brought	forward			4,485,993	4,485,993	6,125
Total funds carried forward				4,749,230	4,749,230	4,485,993

				5April 2021		5 April 2020
						(restated)
FIXEDASSETS
Investments				4,122,781		4,472,123
CURRENT ASSETS
Prepayments and	accrued income		138,608		884,258
Cash at bank			1,562+86		148,117
			1,700,994		1,032,375
CURRENT LIABILITIES
Creditors —falling	due within one year	8	~1,049,545		~1,015,505
NET CURRENT	ASSETS			651,449		13,870
TOTAL ASSETS LESSCURRENT LIABILITIES				4,774,230		4,485,993
Creditors —falling	due after one year			(25,000)
NET ASSETS				4,749,230		4,485,993
	LPGA
FUNDS
Unrestricted		10		4,749,230		4,485,993
				4,749/30		4,485,993
Statements:

		Year to 5	16months to
		April 2021	5 April
			2020
			(restated)
CASHFLOWS FROM OPERATING ACTIVITIES
Profit for the financial year		263,237	4,492,118
Adjustments for
(Loss)/Profit from sale ofinvestments		(661)	10,326
Interest received		(345)	(14)
Decrease/(Increase) in debtors		745,650	(884,258)
Increase in creditors		56,040	7,380
Revaluation loss/(gain) ofinvestments		214,235	(165,138)
NET CASH GENERATED FROM OPERATING ACTIVITIES		1,278,156	3,460,414
CASHFLOWS FROM INVESTING	ACTIVITIES
Purchase ofinvestments		(238,100)	(5,480,887)
Proceeds on disposal ofinvestments		373,868	1,163,576
Interest received		345	14
NET CASH GENERATED/(USED) ACTIVITIES	IN INVESTING	136,113	(4,317,297)
CASHFLOWS FROM FINANCING	ACTIVITIES
Loans received			1,000,000
NET CASH GENERATED FROM FINANCING ACTIVITIES			1,000,000
INCREASE IN CASH AND CASH EQUIVALENTS		1,414,269	143,117
Cash at the beginning ofthe period		148,117	5,000
CASH AND CASH EQUIVALENTS	AT END OFPERIOD	1,562,386	148,117

			At 6April	Cash	At 5April
			2020	flows	2021
Cash	at bank and in hand		148,117	1,414,269	1,562,386
Loans	falling due within	1 year	~1,000,000		~1,000,000
			(851,883)	1,414,269	562@86

3.	INCOME
						Year to 5	16months
						April 2021	to 5 April
							2020
							(restated)
	Donations received					698,303	4,402,592
	Dividend income					28,273	9,264
	Bank interest	received				344	14
						726,920	4,411,870
4.	CHARITABLE ACTIVITIES
	During the year, the			following donations	were made;
						Year to 5	16months
						April 2021	to 5 April
							2020
	Children and	the Arts					68,015
	Action for Stammering			Children			10,000
	The Polka Theatre						25,000
	Barking &Dagenham			Youth Zone		25,000
	Hammersmith	&Fulham Youth Zone				75,000
	The Trussel1	Trust				10,000
	Big Change Charitable			Trust		50,000
	The Prince's	Foundation				15,000
	Kids N'Action					5,000
						180,000	103,015
5.	SUPPORT COSTS
						Year to 5	16months
						April 2021	to 5 April
							2020
	Accountancy	fees				13,120	8,780
	Audit fee —statutory		audit			3,660	3,600
	Legal &professional			fees		34,983
	Admin fees					119	10
	Bank charges					16	16
	Management	fees				6,666	5,000
	Insurance					534
	Promotional	costs				7,200
	Computer consumables					492
						66,790	17,406

	Year to 5	16months to
Analysis ofmovement on	April 2021	5 April 2020
investments during the year
Market value brought forward	4,472,123
Additions at cost	238,100	5,480,887
Disposals at carrying value	(373,868)	(1,163,576)
Net (loss)/gain on revaluation	~213,524	154,812
Market value carried forward	4,122,781	4,472,123

CREDITORS —FALLING	DUE WITHIN ONE YEAR
		2021	2020
			(restated)
Accruals		24,545	18,505
Other creditors		1,025,000	1,000,000
		1,049,545	1,018,505
CREDITORS —FALLING	DUE AFTER ONE YEAR
		2021	2020
Other creditors due between	1to 5years	25,000

FUNDS
Unrestricted	Funds
General funds			2021	2020
				(restated)
Brought forward			4,485,993	(6,125)
Income			726,920	4,411,870
Expenditure			(246,790)	(120,421)
Net (losses)/gains			(214,612)	200,669
Overseas tax	deducted	at source	(2,281)
Carried forward			4,749,230	4,485,993