| CONTENTS | PAGE | ||
|---|---|---|---|
| Officers and professional | advisors | ||
| Directors' report |
|||
| Independent examiner's |
report | ||
| Statement ofFinancial | Activities | ||
| Balance sheet | |||
| Statement ofcashflows | |||
| Analysis ofnet debt | 10 | ||
| Notes tothe financial statements |
| Directors | CE Bailey | |
|---|---|---|
| CRGreens lade | ||
| JC Wilcox | ||
| Registered | office | Turner +Partners LLP |
| 24 James Street West | ||
| Bath | ||
| BA12BT | ||
| Accountants | Turner +Partners LLP | |
| 24 James Street West | ||
| Bath | ||
| BA1 2BT | ||
| Independent | Examiner | Buzzacott LLP |
| 130Wood Street | ||
| London | ||
| EC2V 6DL |
| (INCLUDING INCOME 8T, EXPE YEAR ENDED 5APRIL 2022 |
NDITURE | ACCOUNT) | ||
|---|---|---|---|---|
| Unrestricted Funds |
Total Funds year to 5th April 2022 |
Total Funds year to 5th April 2021 |
||
| Note | ||||
| INCOME FROM | ||||
| Income from investments | 48,117 | 48,117 | 28,617 | |
| Donations | 179,763 | 179,763 | 698,303 | |
| Total income | 227,880 | 227,880 | 726,920 | |
| EXPENDITURE ON | ||||
| Charitable activities |
250,000 | 250,000 | 180,000 | |
| Support costs | 17,055 | 17,055 | 66,790 | |
| Net interest paid | 144 | 144 | ||
| Total expenditure | (267,199) | (267,199) | (246,790) | |
| Net (losses)/gains on investments |
456,391 | 456@91 | (214,235) | |
| Net (losses)igains on foreign exchange |
5,155 | 5,155 | (377) | |
| NET INCOME BEFORETAX | 422,227 | 422/27 | 265,518 | |
| Overseas tax deducted at source | 1,202 | 1,202 | 2,281 | |
| NET INCOME AFTER TAX | 421,025 | 421,025 | 263,237 | |
| RECONCILIATION OF FUNDS |
||||
| Total funds brought forward |
4,749,230 | 4,749+30 | 4,485,993 | |
| Total funds carried forward | 5,170,255 | 5,170,255 | 4,749,230 |
| 5th April | 5th April | |||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Note | ||||||
| FIXEDASSETS | ||||||
| Investments | 3,667,933 | 4,122,781 | ||||
| CURRENT | ASSETS | |||||
| Prepayments | and accrued income | 173,093 | 138,608 | |||
| Cash at bank | 1,363,169 | 1,562,386 | ||||
| 1,536,262 | 1,700,994 | |||||
| CURRENT | LIABILITIES | |||||
| Creditors - falling due within one year | 8 | (33,940) | (1,049,545) | |||
| NET CURRENT ASSETS | 1,502/22 | 651,449 | ||||
| TOTAL ASSETSLESSCURRENT | LIABILITIES | 5,170,255 | 4,774,230 | |||
| Creditors - falling due after one year | (25,000) | |||||
| NET ASSETS | 5,170,255 | 4,749,230 | ||||
| FUNDS | ||||||
| Unrestricted | 10 | 5,170,255 | 4,749,230 | |||
| 5,170,255 | 4,749,230 |
| Year to 5 | Year to 5 | |
|---|---|---|
| April 2022 | April 2021 | |
| CASHFLOWS FROM OPERATING ACTIVITIES | ||
| Profit for the financial year | 421,025 | 263,237 |
| Adjustments for |
||
| (Loss)/profit from sale ofinvestments |
31,097 | (661) |
| Interest received | (3,042) | (345} |
| Decrease/(Increase) in debtors |
(34,485) | 745,650 |
| Increase/(decrease) in creditors |
(40,605) | 56,040 |
| Revaluation loss/(gain) ofinvestments |
(456,391) | 214,235 |
| NET CASH GENERATED FROM OPERATING ACTIVITIES | 82,401 | 1278,156 |
| CASHFLOWS FROM INVESTING ACTIVITIES | ||
| Purchase ofinvestments | (398,020) | (238,100) |
| Proceeds on disposal ofinvestments | 1,278,162 | 373,868 |
| Interest received | 3,042 | 345 |
| NET CASH GENERATED IN INVESTING ACTIVITIES | 883,184 | 136,113 |
| CASHFLOWS FROM FINANCING ACTIVITIES | ||
| Loans repaid | (1,000,000) | |
| NET CASH GENERA.TED/(USED) IN FINANCING | ||
| ACTIVITIES | 1,000,000 | |
| (DECREASE)/INCREASE IN CASH AND CASH |
||
| EQUIVALENTS | (199,217) | 1,414,269 |
| Cash at the beginning ofthe period | 1,562,386 | 148,117 |
| CASH AND CASH EQUIVALENTS AT END OF PERIOD | 1,363,169 | 1,562,386 |
| The notes on pages 11to15form part ofthese financial statements. |
| At 6 April | Cash | At 5April | ||||||
|---|---|---|---|---|---|---|---|---|
| 2021 | flows | 2022 | ||||||
| Cash | at | bank | and | in | hand | 1,562,386 | (199,217) | 1,363,169 |
| 1,562/86 | (199,217) | 1+63,169 |
| 3. | INCOME | |||||
|---|---|---|---|---|---|---|
| Year to 5th | Year to 5th | |||||
| April 2022 | April 2021 | |||||
| f. | ||||||
| Donations received |
I?9,763 | 698,303 | ||||
| Dividend income |
45,075 | 28,273 | ||||
| Bank interest received | 3,042 | 344 | ||||
| 227,880 | 726,920 | |||||
| CHARITABLE | ACTIVITIES | |||||
| During the year, | the | following donations | Year to 5th | Year to 5th | ||
| were made; | April 2022 | April 2021 | ||||
| Barking &Dagenham | Youth Zone | 25,000 | 25,000 | |||
| Big Change Charitable | Trust | 75,000 | 50,000 | |||
| The Prince's Foundation | 25,000 | 15,000 | ||||
| The Amber Foundation | 25,000 | |||||
| Power ofParenting | 10,000 | |||||
| Catch 22 Charity | Limited | 10,000 | ||||
| Polka Childrens Theatre |
Limited | 80,000 | ||||
| The Trussell Trust | 10,000 | |||||
| Hammersmith & |
Fulham | Youth Zone | 75,000 | |||
| Kids N' Action | 5000 | |||||
| 250,000 | 180,000 | |||||
| 5. | SUPPORT COSTS | |||||
| Year to 5th | Year to 5th | |||||
| April 2022 | April 2021 | |||||
| Accountancy fees |
6,580 | 13,120 | ||||
| Independent examiner/Audit |
fee | 4,800 | 3,660 | |||
| Bank charges | 16 | 16 | ||||
| Management fees |
7,095 | 6,666 | ||||
| Insurance | 490 | 534 | ||||
| Promotional costs |
2,400 | 7,200 | ||||
| Legal &professional | fees | (4,325) | 34,983 | |||
| Computer consumables |
492 | |||||
| Admin fees | 119 | |||||
| 17,055 | 66,790 |
| Year to 5 | Year to | |||
|---|---|---|---|---|
| April 2022 | 5 April 2021 | |||
| Analysis ofmovement on |
||||
| investments during |
the year | |||
| Market value brought | forward | 4,122,781 | 4,472,123 | |
| Additions at cost |
398,020 | 238,100 | ||
| Disposals at carrying gains f31,097) |
value (proceeds | $.1,309,259, | (1,278,162) | (373,868) |
| Net gain/(loss) on revaluation |
425,294 | (213,574) | ||
| Market value carried | forward | 3,667,933 | 4,122,781 |
| 8. | CREDITORS - FALLING | DUE WITHIN ONE YEAR | |||
|---|---|---|---|---|---|
| 2022 | 2022 | ||||
| Accruals | 8,940 | 24,545 | |||
| Other creditors | 25,000 | 1,025,000 | |||
| 33,940 | 1,049,545 | ||||
| 9. | CREDITORS- FALLING | DUK AFTER ONE YEAR | |||
| 2022 | 2021 | ||||
| Other creditors due between | 1to 5years | 25,000 |
| FUNDS | ||
|---|---|---|
| Unrestricted Funds |
||
| General funds |
2022 | 2021 |
| Brought forward | 4,749,230 | 4,485,993 |
| Income | 227,880 | 726,920 |
| Expenditure Net (losses)/gains Net interest paid Overseas tax deducted at source |
(267,055) 461,546 (144) (1,202) |
(246,790) (214,612) (2,281) |
| Carried forward | 5,170,255 | 4,749,230 |