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|---|---|---|---|---|
|Reference and administrative||details ofthe company,|its Trustees and advisers||
|Trustees'
report||||2-8|
|Independent
auditors'|report|on the financial statements|||
|Statement
of financial|activities|||12|
|Balance sheet||||13-14|
|Notes to the financial|statements|||15-30|
|REFERENCE AND ADMINISTRATIVE
DETAILS OFTHE COMPANY, ITSTRUSTEES AND ADVISERS|REFERENCE AND ADMINISTRATIVE
DETAILS OFTHE COMPANY, ITSTRUSTEES AND ADVISERS|REFERENCE AND ADMINISTRATIVE
DETAILS OFTHE COMPANY, ITSTRUSTEES AND ADVISERS|REFERENCE AND ADMINISTRATIVE
DETAILS OFTHE COMPANY, ITSTRUSTEES AND ADVISERS|REFERENCE AND ADMINISTRATIVE
DETAILS OFTHE COMPANY, ITSTRUSTEES AND ADVISERS|REFERENCE AND ADMINISTRATIVE
DETAILS OFTHE COMPANY, ITSTRUSTEES AND ADVISERS|REFERENCE AND ADMINISTRATIVE
DETAILS OFTHE COMPANY, ITSTRUSTEES AND ADVISERS|REFERENCE AND ADMINISTRATIVE
DETAILS OFTHE COMPANY, ITSTRUSTEES AND ADVISERS|
|---|---|---|---|---|---|---|---|
||||FOR THE PERIOD ENDED 31||||AUGUST 2020|
|Trustees|||J Ahlefeldt-Laurvig,|Trustee||||
||||JChablani,
Chair|||||
||||L Withers, Trustee|||||
||||E A LChesworth,|Trustee||||
||||P E Surl, Trustee|(appointed||20 July|2020)|
|Company|registered|||||||
|number|||11322726|||||
|Charity registered||||||||
|number|||1i78743|||||
|Registered||office|Aston House|||||
||||Cornwall
Avenue|||||
||||London|||||
||||WC2R OFX|||||
|Chief executive officer|||M C Apruzzese|||||
|Independent||auditors|Adler Shine LLP|||||
||||Chartered
Accountants||and|Statutory|Auditor|
||||Aston House|||||
||||Cornwall
Avenue|||||
||||London|||||
||||N3 1LF|||||
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||||||Unrestricted|Total||
|---|---|---|---|---|---|---|---|
||||||funds|funds|Total|
||||||17months|17months|funds|
||||||ended|ended|Period ended|
||||||31 August|31 August|31March|
|||||Note|2020
2|2020
2|2019f|
|Income from:||||||||
|Donations
and|legacies||||128,625|128,625|2,624,604|
|Investments|||||110,773|110,773|24,332|
|Other income|||||1,228|1,226||
|Total income|||||240,626|240,626|2,648,936|
|Expenditure
on:||||||||
|Charitable
activities|||||202,183|202,163|131,000|
|Governance
costs|||||14,360|14,360|8,880|
|Total expenditure|||||216,563|216,563|139,880|
|Net income before net gains|||on investments||24,063|24,063|2,509,056|
|Net gains on investments||||14|6,000|6,000||
|Net movement|in|funds before other recognised||||||
|gains/(losses)|||||30,063|30,063|2,509,056|
|Other recognised||gains/(losses):||||||
|(Losses)/gains|on revaluation||of fixed assets|13|(150,000)|(150,000)|250,000|
|Net movement|in|funds|||(119,937)|(119,937)|2759,056|
|Reconciliation|of|funds:||||||
|Total funds brought||forward|||2,759,056|2,759,056||
|Net movement|in funds||||(119,937)|(119937)|2759056|
|Total funds carried forward|||||2,639,119|2,639,119|2 759,056|
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||||||31 August||31March|
|---|---|---|---|---|---|---|---|
||||||2020||2019|
||||Note||9|||
|Fixed assets||||||||
|Social investments|||14||10,000||4,000|
|Investment
property|||13||2,600,000||2,750,000|
||||||2,610,000||2,754,000|
|Current assets||||||||
|Debtors|||15|6,998||6,905||
|Cash at bank and|in hand|||48,751||49,385||
|||||55,749||56,290||
|Creditors: amounts|falling|due within one||||||
|year|||16|(26,630)||(39,234)||
|Net current assets|||||29,119||17,056|
|Total assets less|current|liabilities|||2,639,119||2,771,056|
|Creditors: amounts|falling|due after more||||||
|than one year|||17||||(12,000)|
|Total net assets|||||2,639,119||2,759,056|
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||Unrestricted|Total||
|---|---|---|---|
||funds|funds|Total|
||17months|17months|funds|
||ended|ended|Period ended|
||31 August|31 August|31March|
||2020
2|2020
2|2019f|
|Donations|128,625|128,625|120,604|
|Legacies|||2,504,000|
||128,625|128,625|2,624,604|
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|||Unrestricted|Total|||
|---|---|---|---|---|---|
|||funds|funds||Total|
|||17months|17months||funds|
|||ended|ended|Period|ended|
|||31 August|31 August|31|March|
|||2020|2020||2019|
|||9|2||9|
|Rental|income|110,711|110,711|24,295||
|Bank|interest|62|62||37|
|||110,773|110,773|24,332||
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|Unrestricted|Total|
|---|---|
|funds|funds|
|17months|17months|
|ended|ended|
|31 August|31 August|
|2020|2020|
|2|6|
|1,228|1,228|
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|||||Unrestricted|Total|||
|---|---|---|---|---|---|---|---|
|||||funds|funds||Total|
|||||17months|17months||funds|
|||||ended|ended|Period ended||
|||||31 August|31 August|31March||
|||||2020|2020||2019|
|||||6|2|||
|Administrative||expenditure||41,691|41,691||25,120|
|Charitable|expenditure|||113,615|113,615||78,299|
|Education|sessions|||18,252|18,252||6,977|
|Equipment|and uniforms|||14,876|14,876||18,000|
|Equipment|&|uniforms||13,749|13,749||2,604|
|||||202,183|202,183|131,000||
|Analysis|of expenditure||by activities|||||
|||||Activities|Grant|||
|||||undertaken|funding
of||Total|
|||||directly|activities||funds|
|||||17months|17months|17months||
|||||ended|ended||ended|
|||||31 AU9Ust|31August|31|AUgust|
|||||2020|2020||2020|
|||||2|||2|
|Administrative||activities||41,691|||41,691|
|Charitable|activities|||113,615||113,615||
|Investment|property costs|||18,252|||18,252|
|Equipment|and uniforms||||14,876||14,876|
|Equipment|&|uniforms|||13,749||13,749|
|||||173,558|28,625|202,183||
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|Analysis o||f ex|penditure
by activiti|es (continued)||||
|---|---|---|---|---|---|---|---|
||||||Activities|Grani||
||||||undertaken|funding cl|Total|
||||||directly|acitvities|funds|
||||||Penod ended|Period ended|Period ended|
||||||31March|31March|31March|
||||||2019
9|2019f|2019
9|
|Administrative|||activities||25,120||25,120|
|Charitable|activities||||78,299||78,299|
|Investment||property costs|||6,977||6,977|
|Equipment||and|uniforms|||18,000|18,000|
|Equipment||& uniforms||||2,604|2,604|
||||||110,396|20,604|131,000|
|Analysis of direct costs||||||||
|||||||Investment||
|||||Administrative|Charitable|property|Total|
|||||activities|activities|costs|funds|
|||||17months|17months|17months|17months|
|||||ended|ended|ended|ended|
|||||31 August|31 August|31 August|31 August|
|||||2020|2020|2020|2020|
|||||2|2|2|8|
|Staff costs||||41,691|27,795||69,486|
|Hotel, travel||and subsistence|||30,139||30,139|
|Insurance|||||1,262|1,086|2,348|
|Legal &professional|||||7,620||7,620|
|Telephone||&stationary|||2,857||2,857|
|Repairs 8 maintenance|||||2,824||2,824|
|Advertising||and|promotion||12,486||12,486|
|Bank charges|||||281||281|
|Consultancy||fees|||28,351||28,351|
|Property costs||||||17,166|17,166|
|||||4'i,691|113,615|18,252|173,558|
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|Analysis|o|f|direct|costs (continued)|||||
|---|---|---|---|---|---|---|---|---|
||||||||Investment||
||||||Administrative|Charitable|property|7otat|
||||||activities|activities|costs|funds|
||||||Period ended|Period ended|Period ended|Period ended|
||||||31March|31March|31March|31March|
||||||2019f|2019f|2019|2019|
|Staff costs|||||25,120|16,747||41,867|
|Hotel, travel||and subsistence||||8,779||8,779|
|Insurance||||||1,653|480|2,133|
|Legal 8|professional|||||14,274||14,274|
|Telephone||8|stationary|||1,587||1,587|
|Repairs|& maintenance|||||11,308||11,308|
|Advertising||and promotion||||2,805||2,805|
|Bank charges||||||60||60|
|Consultancy|||fees|||19,054||19,054|
|Property|costs|||||2032|6,497|8,529|
||||||25,120|78,299|S,977|110,396|
|Analysis|ofgrants||||||||
||||||||Grants to|Total|
||||||||Individuals|funds|
||||||||17months|17months|
||||||||ended|ended|
||||||||31 August|31 August|
||||||||2020f|2020f|
|Grants,|Education sessions||||||14,876|14,876|
|Grants,|Equipment|||& uniforms|||13,749|13,749|
||||||||28,625|28,625|
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||||Grants to|Totai|
|---|---|---|---|---|
||||Individuals|funds|
||||Period ended|Period ended|
||||31March|31March|
||||2019f|2019f|
|Grants,|Education|sessions|18,OOO|18,000|
|Grants,|Equipment|& uniforms|2604|2,604|
||||20,604|20,604|
##
||||Unrestricted|Unrestricted|Total||
|---|---|---|---|---|---|---|
|||||funds|funds|Total|
||||17|months|17months|funds|
|||||ended|ended|Period ended|
||||31|August|31 August|31March|
|||||2020
2|2020
2|2019f|
|Audit &|accountancy fees|||14,380|14,380|8,880|
|Auditors'||remuneration|||||
||||||17months||
||||||ended|Period ended|
||||||31 August|31March|
||||||2020|2019|
||||||8||
|Fees payable to the company's|||auditor for the audit of the company's||||
|annual|accounts||||4,200|4,200|
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|Staff costs|||||||
|---|---|---|---|---|---|---|
||||||17months||
||||||ended|Period ended|
||||||31 August|31March|
||||||2020
8|2019
f|
|Wages and|salaries||||65,752|40,000|
|Social security costs|||||2,154|1,357|
|Contribution|to defined|contribution|pension|schemes|1,580|510|
||||||69,486|41,867|
|The average|number|of persons employed||by the company|during the period was as follows:||
||||||17months||
||||||ended|Period ended|
||||||31 August|31March|
||||||2020|2019|
||||||No.|No.|
|Chief Executive Officer|||||1|1|
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||Freehold|
|---|---|
||investment|
||property|
||2|
|Valuation||
|At 1 April 2019|2,750,000|
|Impairment|(150,000)|
|At 31 August 2020|2,600,000|
##
||||Social|
|---|---|---|---|
||||investments|
||||2|
|Cost||||
|At 1 April 2019|||4,000|
|Revaluations|||6,000|
||||10,000|
|Net book value||||
|At 31 August|2020||10,000|
|At 31 March|2019||4,000|
|Debtors||||
|||31 August|31March|
|||2020
2|2019f|
|Due within one year||||
|Other debtors|||1,347|
|Prepayments|and accrued income|6,998|5,556|
|||6,998|6,905|
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|||31August|31March|
|---|---|---|---|
|||2020
2|2019f|
|Otherloans|||15,838|
|Trade creditors||2,212||
|Other taxation|and social security|994|1,148|
|Other creditors||12,000||
|Accruals and deferred income||11,424|22,450|
|||26,630|39,294|
##
|31|August|31March|
|---|---|---|
||2020
2|2019f|
|||12,000|
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|||||||||31 August|31March|
|---|---|---|---|---|---|---|---|---|---|
|||||||||2020
2|2019
f|
|Financial|assets|||||||||
|Financial|assets measured||at fair value through||income and expenditure|||48,751|49,385|
|Financial|assets that are debt instruments|||measured||at amortised|cost||1,347|
|||||||||48,751|50,732|
|||||||||31August|31March|
|||||||||2020|2019|
|||||||||2||
|Financial|liabilities|||||||||
|Financial|liabilities|measured|at amortised|cost||||(23,424)|(50,086)|
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|Current
p|eriod||||||
|---|---|---|---|---|---|---|
|||||||Balance at|
|||Balance at 1|||Gains/|31 August|
|||April 2019|Income|Expenditure|(Losses)|2020|
|||2|8|8||2|
|Unrestricted
funds|||||||
|Cash donations||(12,299)|100,000|(169,686)||(81,985)|
|Equipment|donated||13,749|(13,749)|||
|Education|sessions||14,876|(14,876)|||
|Investment|property|2,750,000|||(150,000)|2,600,000|
|Social investments||4,000|||6,000|10,000|
|Investment|income|17,355|112,001|(18,252)||111,104|
|||2,759,056|240,626|(216,563)|(144,000)|2,639,119|
|Prior period|||||||
|||||||Balance at|
||||||Gainsr|31March|
||||income
f|Expenditure
f|(Losses)f|2019|
|Unrestricted
funds|||||||
|Cash donations|||100,000|(112,299)||(12,299)|
|Equipment|donated||2,604|(2,604)|||
|Education|sessions||18,000|(18,000)|||
|Investment|property||2,500,000||250,000|2,750,000|
|Social investments|||4,000|||4,000|
|Investment|income||24,332|(6,977)||17355|
||||2,648,936|(139,880)|250,000|2,759,056|
|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||31 August|31 August|
|||2020|2020|
|||E|E|
|Investment|property|2,600,000|2,600,000|
|Social investments||10,000|10,000|
|Current assets||55,749|55,749|
|Creditors|due within one year|(26,630)|(26,630)|
|Total||2,639,119|2,639,119|
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|Analysis|of n|et assets between funds - prior period|||
|---|---|---|---|---|
||||Unrestncted|Total|
||||funds|funds|
||||31March|31March|
||||2019f|2019|
|Investment|property||2,750,000|2,750,000|
|Social investments|||4,000|4,000|
|Current assets|||56,290|56,290|
|Creditors|due|within one year|(39,234)|(39,234)|
|Creditors|due|in more than one year|(12,000)|(12,000)|
|Total|||2,759,056|2,759,056|
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