| Reports | |
|---|---|
| Referenceandadministrativeinformation | |
| Trustees’report | |
| Independentauditor’sreport | |
| Financialstatements | |
| Statementoffinancialactivities | 12 |
| Balancesheet | 13 |
| Statementofcashflows | 14 |
| Principalaccountingpolicies | 15 |
| Notestothefinancialstatements | 17 |
| Trustees | CharlesBedford |
|---|---|
| DeanBowie | |
| MarkHynd | |
| ClivePavey | |
| SimonRich | |
| Principaloffice | ExchangePlace |
| PoseidonWay | |
| Warwick | |
| CV346BY | |
| Charityregistrationnumber | 1181336 |
| Companyregistrationnumber | 10801299 |
| Auditor | BuzzacottLLP |
| 130WoodStreet | |
| London | |
| EC2V6DL | |
| Bankers | HSBC |
| 21KingsMall | |
| KingsStreet | |
| *Hammersmith | |
| London | |
| W6OQF |
10 August 2023
| Unrestricted | Unrestricted | funds | ||||
|---|---|---|---|---|---|---|
| 18month | ||||||
| Yearto31 | periodto | |||||
| December | 31Dec | |||||
| 2022 | 2021 | |||||
Notes |
£ |
£ |
||||
| Incomefrom: | ||||||
| Donationsandgrants | 1 | 33,500,000 | 12,500,000 | |||
| Interestreceived | 15,299 | - | ||||
| Totalincome | 33,515,299 | _ | 12,500,000 | |||
| Expenditureon: | ||||||
| Charitableactivities | ||||||
| .Grantspayable | 2 | 26,694,010 | 4,998,390 | |||
| .Supportandgovernancecosts | 54,665 | 31,014 | ||||
| Totalexpenditure | 229,748,675 | 5,029,404 | ||||
| Netincomebeforeinvestmentlosses | 3,766,624 | 7,470,596 | ||||
| Unrealisedlossesoninvestments | 6 | (35,035)_ |
a | |||
| Netincomefortheyearandnetmovementinfunds | 3,731,589 | 7,470,596 | ||||
| Reconciliationoffunds: | ||||||
| Fundbalancesbroughtforward | ||||||
| at1January2021 | __7,486,909 | 16,313 | ||||
| Fundbalancescarriedforward | ||||||
| at31December2022 |
11,218,498 |
7,486,909 |
||||
| Allofthecharitablecompany’sactivitiesderivedfromcontinuingoperationsduringthe | abovetwo | |||||
| financialperiods. | ||||||
| Allrecognisedgainsandlossesareincluded | intheabove | statement | offinancialactivitiesandall | |||
| activitieswereunrestrictedinnatureinbothfinancialperiods. | ||||||
| National | AssistanceFund | 12 |
| 2022 | 2021 | ||
|---|---|---|---|
Notes |
£ |
£ |
|
| Fixedassets | |||
| Investments | 6 | 4,964,965 | - |
| Currentassets | |||
| Cashatbankandinhand | 6,292,157 | 7,498,149 | |
| Creditors:amountsfallingdue | |||
| withinoneyear | 7 | (38,624) |
(11,240) |
| Netcurrentassets | _6,253,533 | 7,486,909 | |
| Totalassetslesscurrentliabilities | 11,218,498 | 7,486,909 | |
| Netassets | 11,218,498 | 7,486,909 | |
| Representedby: | |||
| Fundsandreserves | |||
| Unrestrictedgeneralfunds | 11,218,498 | 7,486,909 | |
| 11,218,498 | 7,486,909 |
| Notestothefinancialstatements | 31December2022 |
||
|---|---|---|---|
| Incomefromdonations | andgrants | ||
| 18month | |||
| Yearto31 | periodto | ||
| December | 31Dec | ||
| 2022 | 2021 | ||
£ |
£ |
||
Donationsreceived |
1,200,000 |
4,500,000 |
|
| Grantsreceived | 32,300,000 | 8,000,000 | |
33,500,000 |
12,500,000 |
||
| Charitableexpenditure | |||
| 18month | |||
| Yearto31 | periodto | ||
| December | 31Dec | ||
| 2022 | 2021 | ||
£ |
£ |
||
Grantspayable(seebelow) |
29,694,010 |
4,998,390 |
|
| Bankcharges | 988 | 1,186 | |
| Administrativecharges | 10,592 | 8,023 | |
| Governance | |||
| .Auditandaccountancy | 10,719 | 10,500 | |
| .Legalfees | 32,366 | 11,305 | |
29,748,675 |
5,029,404 |
||
| Duringtheyear,theFundrnadethefollowinggrants: | |||
| 2022 | 2021 | ||
£ |
£ |
||
Educationalfeereliefgrants |
1,886,822 |
1,998,390 |
|
| Educationalgrantstosupportschooloperations | 27,807,188 | 3,000,000 | |
| 29,694,010 |
4,998,390 |
||
| Allgrantscommittedduring | theyearto31December2022werepaidtotherecipient | organisation | |
| duringtheperiod. Asaresult,therearenograntcommitments |
toreportat31December2022(18 | ||
| monthperiodto31December2021:none). |