| Page | |
|---|---|
| Reference and Administrative Details ofthe Trust, its Trustees and Advisers |
|
| Trustees' Report |
2-7 |
| Independent Examiner's Report |
8-9 |
| Statement of Financial Activities |
10 |
| Balance Sheet | |
| Statement of Cash Flows |
12 |
| Notes to the Financial Statements | 13-22 |
| Trustees | Dato' Henry | Barlow | Barlow | ||
|---|---|---|---|---|---|
| Mr Jeremy Carver | |||||
| Professor John | Lonsdale | ||||
| Charity registered | |||||
| number | f179724 | ||||
| Principal office | Pok Rafeah | House | |||
| 11 Madingley | Road | ||||
| Cambridge | |||||
| CB3OEG | |||||
| Independent | Examiner | Peters Elworthy | & Moore | ||
| Chartered Accountants |
|||||
| Salisbury House | |||||
| Station Road | |||||
| Cambridge | |||||
| CB1 2LA | |||||
| Bankers | National Westminster |
Pic | |||
| Cambridge | |||||
| CB23PA |
| Unrestricted | Total | Total | ||||
|---|---|---|---|---|---|---|
| funds | funds | funds | ||||
| 2022 | 2022 | 2021 | ||||
| Note | 2 | |||||
| INCOME FROM: | ||||||
| Donations | 4 | 500,000 | 500,000 | 500,000 | ||
| Investments | 5 | 7,981 | 7,981 | 6,613 | ||
| TOTAL INCOME | 507,981 | 507,981 | 506,613 | |||
| EXPENDITURE ON: | ||||||
| Charitable activities |
7 | 1,348,180 | 1,348,180 | 333,751 | ||
| TOTAL EXPENDITURE | 1,348,180 | 1,348,180 | 333,751 | |||
| NET (EXPENDITURE)/INCOME | BEFORE NET | |||||
| (LOSSES)/GAINS ON INVESTMENTS | (840,199) | (840,199) | 172,862 | |||
| Net (losses)/gains | on investments | (2,545) | (2,545) | 27,084 | ||
| NET MOVEMENT | IN FUNDS | (842,744) | (842,744) | 199,946 | ||
| RECONCILIATION | OF FUNDS: | |||||
| Total funds brought | forward | 1,214,713 | 1,214,713 | 1,014,767 | ||
| Net movement in funds |
(842,744) | (842,744) | 199,946 | |||
| TOTAL FUNDS CARRIED FORWARD | 371,969 | 371,969 | 1,214,713 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Note | 9 | ||||
| CASH FLOWS FROM OPERATING | ACTIVITIES | ||||
| Net cash used in operating activities |
15 | (54,337) | (394,896) | ||
| CASH FLOWS FROM INVESTING | ACTIVITIES | ||||
| Dividends, interests and rents from |
investments | 7,981 | 6,613 | ||
| NET CASH PROVIDED BYINVESTING ACTIVITIES | 7,981 | 6,613 | |||
| CASH FLOWS FROM FINANCING | ACTIVITIES | ||||
| NET CASH PROVIDED BYFINANCING ACTIVITIES |
|||||
| CHANGE IN CASH AND CASH EQUIVALENTS |
IN THE YEAR | (46,356) | (388,283) | ||
| Cash and cash equivalents at the beginning of the year |
391,227 | 779,510 | |||
| CASH AND CASH EQUIVALENTS | AT THE END | OF THE YEAR | 16 | 344,871 | 391,227 |
| Unrestricted | Total | Total |
|---|---|---|
| funds | funds | funds |
| 2022 | 2022 | 2021 |
| 8 | 8 | |
| 7,981 | 7,981 | 6,613 |
| Grants to | Grants to | Total | Total | |
|---|---|---|---|---|
| Institutions | Individuals | funds | funds | |
| 2022 | 2022 | 2022 | 2021 | |
| 8 | 8 | 8 | ||
| Promotion and Education |
60,500 | 60,500 | 26,500 | |
| English Language | 1,035,506 | 1,035,506 | ||
| Climate Change | 50,000 | 50,000 | ||
| TOTAL 2022 | 1,085,506 | 60,500 | 1,146,006 | 26,500 |
| TOTAL 2021 | 26,500 | 26,500 |
| Activities | Grant | ||||||
|---|---|---|---|---|---|---|---|
| undertaken | funding of |
Support | Total | Total | |||
| directly | activities | costs | funds | funds | |||
| 2022 | 2022 | 2022 | 2022 | 2021 | |||
| 9 | 8 | ||||||
| Promotion | and Education | 31,339 | 60,500 | 155,063 | 246,902 | 333,751 | |
| Electoral | Democracy | 15,772 | 15,772 | ||||
| English | I | anguage | 1,035,506 | 1,035,506 | |||
| Climate | Change | 50,000 | 50,000 | ||||
| TOTAL | 2022 | 47,111 | 1,146,006 | 155,063 | 1,348,180 | 333,751 | |
| TOTAL | 2021 | 95,447 | 26,500 | 211,804 | 333,751 |
| Total | Total | |||||
|---|---|---|---|---|---|---|
| funds | funds | |||||
| 2022 | 2021 | |||||
| 2 | 2 | |||||
| Promotion - | Main projects | 33,986 | 95,447 | |||
| Electoral Democracy | 13,125 | |||||
| 47,111 | 95,447 | |||||
| ANALYSIS | OF | SUPPORT | COSTS | |||
| Total | Total | |||||
| funds | funds | |||||
| 2022 | 2021 | |||||
| 9 | ||||||
| Staff costs | 103,793 | 157,623 | ||||
| Rent, rates, | and | utilities | 4,367 | 3,929 | ||
| Property costs | 9,916 | 13,235 | ||||
| Telephone, | postage, and couriers | 1,963 | 1,643 | |||
| Office expenses | 7,123 | 8,235 | ||||
| Travel | 1,846 | 685 | ||||
| Bank charges | 387 | 376 | ||||
| Administrative | expenses | 6,185 | ||||
| Apprenticeship | levy | 409 | 610 | |||
| Governance | costs (including | staff costs) | 19,074 | 25,468 | ||
| 155,063 | 211,804 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| 2 | 2 | ||||||
| Fees payable | to the trust's | independent | examiner | for the independent | |||
| examination | of the trust's | annual | accounts | 6,000 | |||
| Fees payable | to the trust's | auditor | in respect of | ||||
| the audit of the trust's annual accounts | 12,414 |
| 2022 2 |
2021f | ||||||
|---|---|---|---|---|---|---|---|
| Wages and | salaries | 93,857 | 142,285 | ||||
| Social security costs | 10,715 | 15,599 | |||||
| Contribution | to defined contribution | pension | schemes | 12,235 | 12,753 | ||
| Apprenticeship levy |
469 | 650 | |||||
| 117,276 | 171,287 | ||||||
| The average | number | of persons | employed | by the trust during the year was as follows: | |||
| 2022 | 2021 | ||||||
| No. | No. | ||||||
| Employees | 2 | 2 |
| Listed | ||
|---|---|---|
| investments | ||
| 2 | ||
| COST OR VALUATION | ||
| At 1 August 2021 | 141,657 | |
| Losses | (2,545) | |
| AT 31 JULY 2022 | 139,112 | |
| NET BOOK VALUE | ||
| AT 31 JULY 2022 | 139,112 | |
| AT 31 JULY 2021 | 141,657 | |
| 13. | DEBTORS |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| 2 | ||||||
| DUE WITHIN ONE | YEAR | |||||
| Due from Cambridge | Malaysian | Education | and Development | Trust | 93&012 | 200,841 |
| Prepayments | 12,622 | 501,677 | ||||
| 105,634 | 702,518 |
| 2022 | 2021 | |
|---|---|---|
| 8 | E | |
| Trade creditors | 3,527 | 4,274 |
| Other creditors | 177,500 | |
| Accruals | 36,621 | 16,415 |
| 217,648 | 20,689 |
| 15. | RECONCILIATION ACTIVITIES |
OF NET M | OV | EMEN | T IN |
FUN | DS TO NET | CA | SH FLOW | FROM OPERAT | ING |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||||||
| 9 | |||||||||||
| Net income/expenditure for |
the | year | (as | per | Statement | of | Financial | ||||
| Activities) | (842,744) | 199,946 | |||||||||
| ADJUSTMENTS FOR: | |||||||||||
| Losses/(gains) on investments |
2,545 | (27,084) | |||||||||
| Dividends, interests |
and rents | from | investments | (7,981) | (6,613) | ||||||
| Decrease/(increase) | in debtors | 596,884 | (563,118) | ||||||||
| Increase in creditors |
196,959 | 1,973 | |||||||||
| NET CASH USED IN OPERATING | ACTIVITIES | (54,337) | (394,896) | ||||||||
| 16. | ANALYSIS OF CASH AND CASH | EQUIVALENTS | |||||||||
| 2022f | 2021 | ||||||||||
| Cash at bank | 165,328 | 137,392 | |||||||||
| Cash on deposit with | University | of | Cambridge | 179,543 | 253,835 | ||||||
| TOTAL CASH AND | CASH EQUIVALENTS | 344,871 | 391,227 |