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|Annual
Report ofthe Trustees|||||1-5|
|Independent
Auditor's|Report||||6-8|
|Statement
of Financial|Activities|(including|Income and Expenditure|Account)||
|Balance Sheet||||||
|Statement
of Cashflows||||||
|Notes to the Financial|Statements||||12 - 17|
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||Page|2022|2021|
|---|---|---|---|
|Income from:||||
|Investments
(note 2)
Donations
(note 3)|14
14|28,334
3,000,000|3,341
2,500,000|
|Total Income||3,028,334|2,503,341|
|Expenditure
on:||||
|Charitable
Activities (note 4)|15|816,276|1,552,313|
|Total Expenditure||816,276|1,552,313|
|Net income||2,212,058|951,028|
|Net movement
in funds|11|2,212,058|951,028|
|Reconciliation
offunds||||
|Total Funds Brought Forward at 1 January 2022||2,490,060|1,539,032|
|Total Funds Carried Forward at 31 December 2022|10|64,702,118|E2,490,060|
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|||Page|2022|2021|
|---|---|---|---|---|
|Fixed Assets|||E|E|
|Tangible Assets (note 5)||16|414|724|
|Current Assets|||||
|Debtor (note 6)
Cash at bank (note|7)|16
16|423
4,837,826|2,736
2,564,380|
|Total Current Assets|||4,838,249|2,567,116|
|Liabilities|||||
|Creditors - amounts|falling due within one year (note 8)|16|(136,545)|(77,780)|
|Net current assets|||4,701,704|2,489,336|
|Total net assets|||64,702,118|L' 2,490,060|
|The funds ofthe charity:|||||
|Unrestricted
funds||10|4,702,118|2,490,060|
|Total charity funds||10|L' 4,702,118|F2,490,060|
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|Net cash flow from Operating
Activities||Page|2022f|2021f|
|---|---|---|---|---|
|Net movement
on funds for the year||9|2,212,058|951,028|
|Less: Investment
income and deposit interest||14|(28,334)|(3,341)|
|Add: Depreciation||16|310|310|
|Decrease
in debtors||16|2,313|1,604|
|Increase
in creditors||16|58,765|61,307|
|Net cash generated
by Operating
Activities|||2,245,112|1,010,908|
|Cash flows from Investing
Activities|||||
|Deposit interest
Purchase
of property,
plant and equipment||14
16|28,334|3,341
(252)|
|Net cash generated
by Investing
Activities|||28,334|3,089|
|Net increase
in cash in the period|||f 2,273,446|f 1,013,997|
|Reconciliation
ofnet cash flow to movement|in net funds||||
|Net cash resources at 1 January|||2,564,380|1,550,383|
|Net increase
in cash|||2,273,446|1,013,997|
|Net cash resources at 31 December|||f4,837,826|f2,564,380|
|Analysis of net funds:|||||
|Cash at Bank (note 7)||16|4,837,826|2,564,380|
||||f 4,837,826|f 2,564,380|
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|2.|INCOME|FROM INVESTMENTS|Page||2022f||2021|
|---|---|---|---|---|---|---|---|
||Deposit interest||||28,334||3,341|
||||9|F|28,334|R|3,341|
|3.|INCOME|FROM DONATIONS||||||
||Donations|received|||3,000,000|2,500,000||
||||9|L'|3,000,000|L 2,500,000||
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|EXPENDITURE ON CHARITABLE ACTIVITIES
Page|EXPENDITURE ON CHARITABLE ACTIVITIES
Page|EXPENDITURE ON CHARITABLE ACTIVITIES
Page|EXPENDITURE ON CHARITABLE ACTIVITIES
Page|EXPENDITURE ON CHARITABLE ACTIVITIES
Page|2022
f|2021|
|---|---|---|---|---|---|---|
|UK Grants Awarded:|||||||
|Racing Welfare||||Reg. Charity No. 1084042|256,777|131,427|
|BRSEducation
Ltd||||Reg. Charity No. 1161555|150,000||
|Hong Kong Cancer|Fund|||HK Charity 91/2745|103,368|91,547|
|Racing to Relate||||Reg. Charity No. 1182855|68,902|59,760|
|Marie Curie||||Reg. Charity No. 207994|60,308|39,000|
|National Association|of Racing||Staff (NARS)||47,467|49,280|
|The Wavertree
Education||Trust|Limited|Reg. Charity No. 1111771|30,000|30,000|
|Priscilla Bacon Norfolk Hospice|||Care Ltd|Reg. Charity No. 1166579||1,000,000|
|St Michael's
Hospice Hastings|||and Rother|Reg. Charity No. 288462||34,469|
|The Racing Centre
Greatwood
Charity|Ltd
Ltd|||Reg. Charity No. 1107833
Reg. Charity No. 1117322||30,000
10,897|
|Total Grants Awarded|||||716,822|1,476,380|
|Support Costs:
Staff costs|||||60,016|47,073|
|IT|||||12,573|9,989|
|Accountancy
fees
Independent
auditor
Legal fees
Trustee expenses|fees||||8,400
7,800
3,684
3,038|7,200
7,200
86|
|Insurance|||||2,020|1,824|
|Office expenses
Depreciation
Banking charges||||16|1,584
310
29|2,072
310
179|
||||||99,454|75,933|
|Total Charitable
Activities|||||f 816,276|f 1,552,313|
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|5.|FIXEDASSETS|||Page||2022
E||2021
8|
|---|---|---|---|---|---|---|---|---|
||Fixtures, fittings and equipment||at cost||||||
||Balance at 1 January|||||1,554||1,302|
||Additions|||||||252|
||Balance at 31 December|||||1,554||1,554|
||Accumulated
depreciation||||||||
||Balance at 1 January|||||830||520|
||Charge for the year|||||310||310|
||Balance at 31 December|||||1,140||830|
||Net Book Value at 31 December|||10||E
414|L|724|
|6.|DEBTORS||||||||
||Prepayrnents|||10|E
423||F|2,736|
|7.|CASH AT BANK||||||||
||Cash at bank|||10|64,837,826||f 2,564,380||
|8.|CREDITORS - amounts|falling due within one year|||||||
||Donations|||||118,417||58,132|
||Accruals|||||15,600||18,000|
||PAYE & NIC|||||1,791||1,193|
||Trade Creditors|||||737||455|
|||||10|6|136545|f|77780|
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|The Trustees consider tha
ultimate
controlling
party.|t the Foundation
is jointly controlled
by th|e Trustees
and tha|t there is no|
|---|---|---|---|
|||2022|2021|
|FINANCIAL INSTRUMENTS||8|8|
|Financial assets measured|at fair value|4,837,826|2,564,380|
|Financial assets measured|at fair value consist ofcash at bank.|||