| Page | ||||
|---|---|---|---|---|
| Reference and administrative | details ofthe Company, | its Trustees and advisers | ||
| Trustees' report | 2-6 | |||
| Independent auditors' |
report | on the financial statements | 7-10 | |
| Statement offinancial | activities | |||
| Balance sheet | 12 | |||
| Notes to the financial | statements | 13-25 |
| Trustees | J Ahlefeldt-Laurvig, | Trustee | Trustee | (resigned | 12February 2021) | ||
|---|---|---|---|---|---|---|---|
| J Chablani, Chair |
|||||||
| LWithers, Trustee | |||||||
| E A L Chesworth, | Trustee | ||||||
| JW Kyle, Trustee | (appointed | 27 May | 2021) | ||||
| P E Surl, Trustee | |||||||
| Company | registered | ||||||
| number | 11322726 | ||||||
| Charity registered | |||||||
| number | 1178743 | ||||||
| Registered | office | Aston House | |||||
| Cornwall Avenue |
|||||||
| London | |||||||
| N3 1LF | |||||||
| Chief executive officer | M C Apruzzese | ||||||
| Independent | auditors | Adler Shine LLP | |||||
| Chartered Accountants |
and | Statutory | Auditor | ||||
| Aston House | |||||||
| Cornwall Avenue |
|||||||
| London | |||||||
| N3 1LF |
| Unrestricted | Total | Tots/ | ||||||
|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | ||||||
| 12months | 12months | 17months | ||||||
| ended | ended | ended | ||||||
| 31 August | 31 August | 31August | ||||||
| 2021 | 2021 | 2020 | ||||||
| Note | 6 | 6 | ||||||
| Income from: | ||||||||
| Donations and |
legacies | 57,416 | 57,418 | 128,625 | ||||
| Investments | 70,608 | 70,608 | 110,773 | |||||
| Other income | 1,225 | |||||||
| Total income | 128,026 | 128,026 | 240,625 | |||||
| Expenditure on: |
||||||||
| Charitable activities |
6 | 149,967 | 149,967 | 202,183 | ||||
| Governance costs |
9 | 18,761 | 18,761 | 14,380 | ||||
| Total expenditure | 168,728 | 168,728 | 216,563 | |||||
| Net (expenditure)/income | before | net gains on | ||||||
| investments | (40,702) | (40,702) | 24,063 | |||||
| Net gains on investments | 6,000 | |||||||
| Net movement | in | funds before other recognised | ||||||
| gains/(losses) | (40,702) | (40,702) | 30,053 | |||||
| Other recognised | gains/(losses): | |||||||
| Gains/(losses) | on revaluation | offixed assets | 13 | 150,000 | 150,000 | (150,000) | ||
| Other losses on Social investment | assets | 14 | (10,000) | (10,000) | ||||
| Net movement | in | funds | 99,298 | 99,298 | (119,937) | |||
| Reconciliation | of | funds: | ||||||
| Total funds brought | forward | 2,639,119 | 2,639,119 | 2,759,056 | ||||
| Net movement | in funds | 99,298 | 99,298 | (119,937) | ||||
| Total funds carried forward | 2,738,417 | 2,738,417 | 2,639,119 |
| BALANCE SHEET | BALANCE SHEET | |||||
|---|---|---|---|---|---|---|
| AS AT 31AUGUST 2021 | ||||||
| Note | 2021 6 |
2020f | ||||
| Fixed assets | ||||||
| Social investments | 14 | 10,000 | ||||
| Investment property |
13 | 2,750,000 | 2600,000 | |||
| 2,750,000 | 26'l0,000 | |||||
| Current assels | ||||||
| Debtors | 15 | 7,353 | 6,998 | |||
| Cash st bank and in hand | 11,855 | 48,751 | ||||
| 19,208 | 55,749 | |||||
| Creditors: amounts | falling due wihhin one | |||||
| year | 16 | (24,118) | (26,830) | |||
| Net current liabfiitiss Iassets | (4,910) | 29,119 | ||||
| Total assets less cunent fiabfiitlas | E745,090 | 2639,119 | ||||
| Creditors: amounts | falling due after more | |||||
| than one year | 17 | (6,673) | ||||
| Total net assets | 2,738,417 | 2,839,119 | ||||
| Chadty funds | ||||||
| Restricted funds | 18 | |||||
| Unrestricted funds |
18 | 2,738,417 | 2839,119 | |||
| Total funda | 2,738rtty | 2839,'l19 |
| Unrestricted | Total | Total |
|---|---|---|
| funds | funds | funds |
| 12months | 12months | 17months |
| ended | ended | ended |
| 31August | 31August | 31August |
| 2021 | 2021 | 2020 |
| 6 | 6 | |
| 57,418 | 57,418 | 126,625 |
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 12months | 12months | 17months | ||
| ended | ended | ended | ||
| 31August | 31 AUgUst | 31August | ||
| 2021 6 |
2021 6 |
2020f | ||
| Rental | income | 70,604 | 70,604 | 110,711 |
| Bank | interest | 4 | 4 | 62 |
| 70,608 | 70,608 | 110,773 |
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 12months | 12months | 17months | |||
| ended | ended | ended | |||
| 31 August | 31August | 31August | |||
| 2021 | 2021 | 2020 | |||
| 6 | 6 | 8 | |||
| Wesko's | prize | winnings | 1,228 |
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 12months | 12months | 17months | |||
| ended | ended | ended | |||
| 31August | 31August | 31August | |||
| 2021f | 2021 | 2020f | |||
| Administrative | expenditure | 31,445 | 31,445 | 41,591 | |
| Charitable | expenditure | 89,376 | 89,376 | 113,615 | |
| Education | sessions | 21,728 | 21,728 | 18,252 | |
| Equipment | and | uniforms | 7,418 | 7,418 | 28,825 |
| 149,967 | 149,967 | 202,183 |
| Activities | Grant | |||||
|---|---|---|---|---|---|---|
| undertaken | funding of |
Total | Total | |||
| directly | activities | funds | funds | |||
| 12months | 12months | 12months | 17months | |||
| ended | ended | ended | ended | |||
| 31August | 31August | 31August | 31August | |||
| 2021 | 2021 | 2021f | 2020 5 |
|||
| Administrative | activities | 31,445 | 31,445 | 41,691 | ||
| Charitable | activities | 89,376 | 89,376 | 113,615 | ||
| Investment | property costs | 21,728 | 21,728 | 18,252 | ||
| Equipment | and | uniforms | 7,418 | 7,418 | 28,625 | |
| 142,549 | 7,418 | 149,967 | 202,183 | |||
| Total 2020 | 173,558 | 28,625 | 202,183 |
| Admin- | Investment | |||||
|---|---|---|---|---|---|---|
| istrative | Charitable | property | Total | Total | ||
| activities | activities | costs | funds | funds | ||
| 12months | 12months | 12months | 12months | 17months | ||
| ended | ended | ended | ended | ended | ||
| 31 August | 31August | 31August | 31August | 31August | ||
| 2021 5 |
2021 | 2021 5 |
2021 5 |
2020f | ||
| Staff costs | 31,445 | 20,963 | 52,408 | 69,486 | ||
| Hotel, travel | and subsistence | 10,038 | 10,038 | 30,139 | ||
| Insurance | 1,542 | 2,397 | 3,939 | 2,348 | ||
| Legal &professional | 7,620 | |||||
| Telephone | &stationary | 1,725 | 1,725 | 2,857 | ||
| Repairs & maintenance | 5,095 | 5,095 | 2,824 | |||
| Advertising | and promotion | 11,359 | 11,359 | 12,486 | ||
| Bank charges | 105 | 105 | 281 | |||
| Consultancy | fees | 38,400 | 38,400 | 28,351 | ||
| Property costs | 19,331 | 19,331 | 17,166 | |||
| General expenses | 149 | 149 | ||||
| 31,445 | 89,376 | 21,728 | 142,549 | 173,558 | ||
| Total 2020 | 41,691 | 113,615 | 18,252 | 173,558 | ||
| Analysis of grants | ||||||
| Grants to | Total | Total | ||||
| Individuals | funds | funds | ||||
| 12months | 12months | 17months | ||||
| ended | ended | ended | ||||
| 31 August | 31August | 31August | ||||
| 2021 5 |
2021 5 |
2020f | ||||
| Grants, Education sessions | 7,418 | 7,418 | 28,625 | |||
| Total 2020 | 28,625 | 28,625 |
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 12months | 12months | 17months | |||
| ended | ended | ended | |||
| 31August | 31August | 31August | |||
| 2021f | 2021f | 2020 5 |
|||
| Audit | &accountancy | fees | 18,761 | 18,761 | 14,380 |
| Audit | ors' remuneration |
|||
|---|---|---|---|---|
| 12months | 17months | |||
| ended | ended | |||
| 31August | 31August | |||
| 2021f | 2020 5 |
|||
| Fees | payable to the Company's | auditor for the audit ofthe Company's | ||
| annual | accounts | 5,000 | 4,200 |
| Staff costs | |||||
|---|---|---|---|---|---|
| 12months | 17months | ||||
| ended | ended | ||||
| 31August | 31August | ||||
| 2021 E |
2020f | ||||
| Wages and | salaries | 49,333 | 65,752 | ||
| Social security costs | 1,782 | 2,154 | |||
| Contribution | to defined | contribution | pension schemes | 1,293 | 1,580 |
| 52,408 | 69,486 |
| 12 | months | 17months | |||
|---|---|---|---|---|---|
| ended | ended | ||||
| 31 | August | 31August | |||
| 2021 | 2020 | ||||
| No. | No. | ||||
| Chief | Executive | Officer |
| Social investments | |
|---|---|
| Social | |
| investments | |
| Cost | |
| At 1 September 2020 | 10,000 |
| Revaluations | (10,000) |
| Net book value | |
| At 31 August 2021 | |
| At 31 August 2020 | 10,000 |
| 2021f | 2020f | ||
|---|---|---|---|
| Due within one year | |||
| Other debtors | 6,923 | ||
| Prepayments | and accrued income | 430 | 8,998 |
| 7,353 | 8,998 |
| 2021f | 2020 | |||
|---|---|---|---|---|
| Trade creditors | 8,191 | 2,212 | ||
| Other taxation | and social security | 1,091 | 994 | |
| Other creditors | 12,000 | |||
| Accruals and deferred | income | 14,836 | 11,424 | |
| 24,118 | 28,830 |
| Balance at 1 | Balance at | ||||||
|---|---|---|---|---|---|---|---|
| September | Gains/ | 31 August | |||||
| 202Df | Income | Expenditure f. |
(Losses) f |
2021 f |
|||
| Unrestricted | funds | ||||||
| General funds | 29,119 | 128,026 | (168,728) | (11,583) | |||
| Investment | property | 2,600,000 | 150,000 | 2,760,000 | |||
| Social investments | 10,000 | (10,000) | |||||
| 2,639,119 | 128,D26 | (168,728) | 140,000 | 2,738,417 | |||
| Statement offunds | -prior year | ||||||
| Balance at | |||||||
| Balance at | Gainsl | 31August | |||||
| 1April 2019 | Income | Expendituref | (Losses)f | 2020f | |||
| Unrestricted | funds | ||||||
| General funds | 5,056 | 240,626 | (216,563) | 29,119 | |||
| Investment | property | 2,750,000 | (150,000) | 2,600,000 | |||
| Social investments | 4,000 | 6,000 | 10,000 | ||||
| 2,759,056 | 240,626 | (21S,563) | (144,000) | 2,S39,119 |
| Balance at 1 | Balance at | ||||||
|---|---|---|---|---|---|---|---|
| September | Gainsl | 31August | |||||
| 2020f | Income f |
Expenditure | f | (Losses) f |
2021 F |
||
| General | funds | 2,639,119 | 128,026 | (168,728) | 140,000 | 2,738,417 |
| (3atance at | |||||||
|---|---|---|---|---|---|---|---|
| (3alence at | Gainsr' | 31August | |||||
| 1 | April 2019f | Income | Expendituref | (Losses)f | 2020f | ||
| General | funds | 2,759,055 | 240,62S | (215,553) | (144,000) | 2,S39,1'l9 |
| Analysis | of net assets between funds - current year | ||
|---|---|---|---|
| Unrestricted | Total | ||
| funds | funds | ||
| 2021 | 2021f | ||
| Investment | property | 2,750,000 | 2,750,000 |
| Current assets | 19,208 | 19,208 | |
| Creditors | due within one year | (24,118) | (24,118) |
| Creditors | due in more than one year | (6,673) | (6,673) |
| Total | 2,738,417 | 2,738,417 |
| Analysis | of net assets between funds - prior year | ||
|---|---|---|---|
| Unrestricted | Total | ||
| funds | funds | ||
| 2020f | 2020f | ||
| 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) |
| Ttl | 2,639,119 | 2,639,119 |