|||Page|| |---|---|---|---| |Trustees' Report|I|to|4| |Report ofthe Independent
Auditors|5|to|8| |Statement ofFinancial Activities|||| |Balance Sheet||10|| |Cash Flow Statement|||| |Notes to the Financial Statements|12|to|20| |Detailed Statement ofFinancial Activities||21|| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||T~bS|T~bS|h 6
F
d|h 6
F
d||| |---|---|---|---|---|---|---|---|---|---|---| ||||||Statement||ofFinancial Activities|||| ||||co|oratin||an Income and Ex||n iture Ac ount||| |||||for|e|Year|Ended 31st Decemb r2020|||| |||||||||||Period| |||||||||||13.7.18| ||||||||||Year Ended|to| ||||||||||31.12.20|31.12.19| ||||||||||Unrestricted|Total| ||||||||||fund|funds| |||||||Notes||||| |INCOME
Donations|AND ENDOWMENTS FROM||||||||1,552,485|3,472,217| |Investment|income||||||||~28 028|~1780| |Total|||||||||1,580,513|3,473,997| |EXPENDITURE ON||||||||||| |Charitable
activities
Costs ofgrant making|||||||||971,230|531,471| |NET INCOME|||||||||609,283|2,942,526| |RECONCILIATION||OF|FUNDS|||||||| |Total funds brought||forward|||||||2,942,526|| |TOTAL FUNDS CARRIED FORWARD|||||||||~3551809|~2942 526| |CONTINUING
OPERATIONS||||||||||| |All income|and expenditure||has arisen &om||continuing||activities.|||| |The Shanl
Fo|undation
Re 'stared number'
114|64054|| |---|---|---|---| ||Balance Sheet||| ||31st December 2020||| |||31.12.20|31.12.19| |||Unrestricted|Total| |||fund|funds| ||Notes|8|f.| |CURRENT ASSETS|||| |Debtors
Cash at bank||9,012
~3801106|56,895
~3112979| |||3,810,118|3,169,874| |CREDITORS|||| |Amounts
falling due within one year|12|(196,809)|(191,348)| |NET CURRENT ASSETS||~3613309|~2978 526| |TOTAL ASSETSLESSCURRENT|||| |LIABILITIES||3,613,309|2,978,526| |CREDITORS|||| |Amounts
falling due afier more than one year|13|(61,500)|(36,000)| |NET ASSETS||~3551809|~2942 526| |FUNDS|14||| |Unrestricted
funds||~3551809|~2942 526| |TOTAL FUNDS||~3551809|~2942 526| ## |||||for the Year Ended 3|1st December 2020|| |---|---|---|---|---|---|---| |||||||Period| |||||||13.7.18| ||||||Year Ended|to| ||||||31.12,20|31.12.19| |||||Notes||6| |Cash flows from operating
activities
Cash generated
&om operations||||17|~660 099|~3111199| |Net cash provided|by operating||activities||~660 099|~3111199| |Cash flows from
Interest received|investing|activities|||~28 028|~1780| |Net cash provided|by investing||activities||~28 028|~1780| |Change in cash and cash
reporting
period||equivalents||in the|688,127|3,112,979| |Cash and cash equivalents
ofthe reporting
period||at|the beginning||~3112979|| |Cash and cash equivalents
reporting
period||at|the end|ofthe|~3801 106|~3112979| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||||||Period| |---|---|---|---|---|---|---|---|---|---| ||||||||||13.7.18| |||||||||Year Ended|to| |||||||||31.12.20
f|31.12.19
f,| ||Corporate
donations
Other donations|||||||1,550,001
~2484|1,597,200
~1875017| |||||||||~1552485|3 472 217| |3.|INVESTMENT INCOME||||||||| ||||||||||Period| ||||||||||13.7.18| |||||||||Year Ended|to| |||||||||31.12.20|31.12.19| ||||||||||f,| ||Deposit account interest|||||||25,242|510| ||Loan interest|||||||~2786|1270| |||||||||~28 028|~1780| |4.|CHARITABLE ACI'IVITIES COSTS||||||||| ||||||||Grant||| ||||||||funding of||| ||||||||activities|Support|| ||||||||(see note|costs (see|| ||||||||5)|note 6)|Totals| ||Costs ofgrant making||||||~943 166|~28 064|~971230| |5.|GRANTS||PAYABLE||||||| ||||||||||Period| ||||||||||13.7.18| |||||||||Year Ended|to| |||||||||31.12.20
f|31.12.19| ||Costs ofgrant making|||||||~943 166|~513 553| ||An analysis||ofmaterial|grants payable to institutions|||in support oftheir charitable|causes is as follows:|| |||||||||2020f|2019
f| ||Adoption|UK Charity||||||50,000|| ||Beech Lodge School||||||||81,250| ||Citizens Advice Windsor||||and Maidenhead|||2,000|10,000| ||Jumbulance||Trust|||||260|11,900| ||Marlow Town Council|||—Christmas||lights||10,000|10,000| ## ## ## |GRANTS PAYAB|LE - continued|||| |---|---|---|---|---| |Thames Hospice
SATRO|||82,250
68,723|| |Meals &om Marlow|||25,000|| |Thames Traditional
Sayers Croft
Marlow Opportunity
MRUFC Youth|Boat Rally
Playgroup||10,000
7,850|10,000
15,000| |2nd Amersham
on
Other grants|the Hill Scout Group||10,000
677933|~375 403| ||||943 166|513 553| |An analysis ofgrants by nature of project being supported||is as follows:|2020|2019| |Community
Disability
Education|||357,486
97,790
124,066|170,614
73,250
174,179| |Health &Welfare|||347,454|93,510| |Religion
Wildlife &Conservation|||7,500
~8870|~2000| ||||~943 166|~513 553| ## |||||Governance|| |---|---|---|---|---|---| ||||Other|costs|Totals| |||||f.|| |Costs|ofgrant|making|~21 464|~6600|~28 064| ## ## ## |Other||||| |---|---|---|---|---| |||||Period| |||||13,7.18| ||||Year Ended|to| ||||31.12.20|31.12.19| ||||Costs of|| ||||grant|Total| ||||making
f|activities
f.| |Wages|||16,379|| |Pensions|||448|| |Sundries|||689|417| |Advertising
Bank charges|||3,599
349|10,798
103| ||||~21 464|~11 318| |Governance||costs||| |||||Period| |||||13.7.18| ||||Year Ended|to| ||||31.12.20|31.12.19| ||||Costs of|| ||||gfalit|Total| ||||making|activities| |Auditors'|remuneration||~6600|~6600| ||Period| |---|---| ||13.7.18| |Year Ended|to| |31.12.20|31.12.19| |f|f.| |~6600|6 600| ## ## ## ## ## |9.|STAFF CO|ST|S||||||| |---|---|---|---|---|---|---|---|---|---| ||||||||||Period| ||||||||||13.7.18| ||||||||Year Ended||to| ||||||||31.12.20||31.12.19| ||||||||8||| ||Wages and salaries
Other pension costs||||||16,379
448||| ||||||||~16|827|| ||The average|monthly||number ofemployees||during the year was as follows:|||| ||||||||||Period| ||||||||||13.7.18| ||||||||Year Ended||to| ||||||||31.12.20||31.12.19| ||Admin staff|||||||I|| ||No employees||received emoluments||in excess off60,000.||||| |10.|COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES||||||||| ||||||||||Unrestricted| ||||||||||fund| ||INCOME AND ENDOWMENTS||||FROM||||| ||Donations||||||||3,472,217| ||Investment|income|||||||~1780| ||Total||||||||3,473,997| ||EXPENDITURE ON||||||||| ||Charitable|activities|||||||| ||Costs ofgrant||making||||||531,471| ||NET INCOME||||||||2,942,526| ## ## ## ## |10.|COMPARATIVES FORTHK STATEMENT OF F|INANCIAL AC|TIVITIES|-continued|| |---|---|---|---|---|---| ||||||Unrestricted| ||||||fund| ||TOTAL FUNDS CARRIED FORWARD||||2 942 526| |11.|DEBTORS||||| |||||31.12.20|31.12.19| |||||8|| ||Amounts
falling due within one year:||||| ||Other debtors|||~9012|| ||Amounts
falling due atter more than one year:||||| ||Other debtors||||~56 895| ||Aggregate
amounts|||~9012|~56 895| |12.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR||||| |||||31.12.20|31.12.19| |||||8|| ||Social security and other taxes|||735|| ||Grants payable|||185)t65|184,748| ||Accrued expenses|||~10109|~6600| |||||~196809|191348| |13.|CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN||ONK YEAR||| |||||31.12.20
f|31.12.19
6| ||Grants payable|||~61 500|~36 000| |14.|MOVEMENT IN FUNDS||||| |||||Net|| |||||movement|At| |||At 1.1.20||in funds|31.12.20| ||||f.|f.|| ||Unrestricted
funds||||| ||General fund|2)942&526||609,283|3,551,809| ||TOTAL FUNDS|~2942 526||~609 283|~3551809| ## ## ## ## |Net movement|in funds, includ|ed
in the above are as f|ollows:||| |---|---|---|---|---|---| ||||Incoming|Resources|Movement| ||||resources|expended|in funds| |||||f.|| |Unrestricted|funds||||| |General fund|||1,580,513|(971/30)|609,283| |TOTAL FUNDS|||~1580 513|~971230)|~609 283| |Comparatives|for movement|in funds|||| ||||||Net|| |---|---|---|---|---|---|---| ||||||movement|At| ||||||in funds|31.12.19| |||||||f.| |Unrestricted|||funds|||| |General|fund||||2,942,526|2,942,526| |TOTAL||FUNDS|||~2942 526|~2942 526| |Comparative|||net movement|in funds, included in the above are as follows:||| |||||Incoming|Resources|Movement| |||||resources|expended|in funds| |||||f.|f.|| |Unrestricted|||fends|||| |General||fund||3,473,997|(531,471)|2,942,526| |TOTAL||FUNDS||~3473997|~531471)|~2942 526| ## ## |During|the period t|he corporate donations
receivable to|the charity were as follows:|| |---|---|---|---|---| ||||2020|2019| ||||f|| |Sorbon
Sorbon|Homes Limited
Investments
Limited||1,550,000|1,550,000
47 200| ||||1500 11110|I 507 2110| ## ## ## ||||||Period| |---|---|---|---|---|---| ||||||13.7.18| |||||Year Ended|to| |||||31.12.20|31.12.19| |Net income|for the|reporting|period (as per the Statement ofFinancial||| |Activities)
Adjustments|for:|||609,283|2,942,526| |Interest received
Decrease/(increase)
Increase in creditors||in debtors||(28,028)
47,883
~30961|(1,780)
(56,895)
227 348| |Net cash provided||by operations||~660 099|~3111199| |ANALYSIS|OF CHANGES||IN NKT FUNDS||| ||||At 1.1.20|Cash flow|At 31.12.20| |||||f.|f| |Net cash|||||| |Cash at bank|||~3112979|~688 127|~3801106| ||||~3112979|~688 127|~3801106| |Total|||3,112,979|688,127|3,801&106| ## ## |||Detailed Statement ofFinanci|1Activities||| |---|---|---|---|---|---| |||for the Year Ended 31st December 2020|||| ||||||Period| ||||||13.7.18| |||||Year Ended|to| |||||31.12.20|31.12.19| |||||f,|f,| |INCOME AND|ENDOWMENTS||||| |Donations|||||| |Corporate donations
Other donations||||1&550,001
~2484|1,597,200
~1875017| |||||1,552,485|3,472,217| |Investment
income|||||| |Deposit account
Loan interest|interest|||25&242
~2786|510
~1270| |||||~28 028|~1780| |Total incoming|resources|||1,580,513|3,473,997| |EXPENDITURE|||||| |Charitable
activities|||||| |Grants to institutions||||943,166|513,553| |Support costs|||||| |Other|||||| |Wages
Pensions||||16&379
448|| |Sundries||||689|417| |Advertising
Bank charges||||3,599
349|10,798
103| |||||21,464|11,318| |Governance
costs
Auditors'
remuneration||||~6600|~6600| |Total resources|expended|||~971 30|~531 471| |Net income||||~609 283|~2942 526|