| Page | ||
|---|---|---|
| Reference and Administrative Information |
||
| Directors' Report | 2-6 | |
| Directors' Responsibilities Statement |
||
| Independent Examiner's |
Report | 8-9 |
| Statement of Financial | Activities | 10 |
| Statement of Financial | Position | 11-12 |
| Cashf low Statement | ||
| Notes tothe Financial Statements | 14-22 |
| REFERENCE AND ADMINISTRATIVE | REFERENCE AND ADMINISTRATIVE | REFERENCE AND ADMINISTRATIVE | REFERENCE AND ADMINISTRATIVE | INFORMATION | ||
|---|---|---|---|---|---|---|
| Directors | Joseph O'Reilly, Chairperson | (appointed | 25 March 2022) | |||
| Patrick Pierce (resigned 25 March 2022) | ||||||
| Antonio Belsito | ||||||
| Peter Mullen | ||||||
| Philip Sainter | ||||||
| Christopher | Fuse | |||||
| Company | registered | |||||
| number | 10776281 | |||||
| Charity registered | ||||||
| number | 1184056 | |||||
| Registered | office | St, Marie's | ||||
| Oak Street | ||||||
| Rugby | ||||||
| CV22 5EL | ||||||
| Company | secretary | L&P Trustee | Services Limited | |||
| 23StStephen's | Green | |||||
| Dublin 2 | ||||||
| Ireland | ||||||
| Accountant | RBKBusiness Advisers | |||||
| Termini | ||||||
| 3Arkle Road | ||||||
| Sandyford | ||||||
| Dublin 18 | ||||||
| Ireland | ||||||
| Principal bankers | Royal Bank | ofScotland | ||||
| South West | RCSC | |||||
| 740 Waterside | Drive | |||||
| Aztec West | ||||||
| Almondsbury | ||||||
| Newport | ||||||
| BS995BD | ||||||
| Investment | advisers | Barclays | ||||
| 1 Churchill Place | ||||||
| Canary Wharf | ||||||
| London | ||||||
| E14SHP | ||||||
| Date of incorporation | 17May 2017 |
| Unrestricted | Total | Total | |||||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | |||||
| 2022 | 2022 | 2021 | |||||
| Note | |||||||
| Income from: | |||||||
| Donations | 3 | 561,265 | 561,265 | 84,789 | |||
| Investments | 4 | 32,884 | 32,864 | 29,500 | |||
| Total income | 594,149 | 594,149 | 114,289 | ||||
| Expenditure on: |
|||||||
| Raising funds | 3,455 | 3,455 | 3,479 | ||||
| Charitable activities |
502,442 | 502,442 | 19,549 | ||||
| Total expenditure | 505,897 | 505,897 | 23,028 | ||||
| Net income before net (losses)/gains | on | ||||||
| investments | 88,252 | 88,252 | 91,261 | ||||
| Net (losses)/gains | on investments | 7 | (127,724) | (127,724) | 106,776 | ||
| Net movement | in | funds | (39,472) | (39,472) | 'l98,037 | ||
| Reconciliation | of | funds: | |||||
| Total funds brought | forward | 11 | 1,429,945 | 1,429,945 | 'l,231,908 | ||
| Net movement | in funds (see above) | (39,472) | (39,472) | 198,037 | |||
| Total funds carried forward | 11 | 1,390,473 | 1,390,473 | 6429,945 |
| STATEMENT OF CASH FLOWS | STATEMENT OF CASH FLOWS | ||||
|---|---|---|---|---|---|
| FOR THE YEAR ENDED 31 DECEMBER | 2022 | ||||
| Note | 2022 | 2021f | |||
| Cash flows from operating | activities | ||||
| Net cash provided by operating activities |
13 | 63,161 | 43,700 | ||
| Cash flows from investing | activities | ||||
| Dividends and interest from |
investments | 4 | 32,884 | 29,500 | |
| Net cash provided by investing activities |
32,884 | 29,500 | |||
| Cash flows from financing | activities | ||||
| Net cash provided by financing activities |
|||||
| Change in cash and cash |
equivalents in |
the year | 96,045 | 73,200 | |
| Cash and cash equivalents | at the beginning | ofthe year | 14 | 188,144 | 114,944 |
| Cash and cash equivalents | at the end of | the year | 14 | 284,189 | 188,144 |
| The notes on pages 14to 22 form part ofthese financial statements |
| 5. | Expenditure | on raising funds | on raising funds | on raising funds | on raising funds | |||
|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||
| Investment | Management | Fees | 3,455 | 3,479 | ||||
| 3,455 | 3,479 | |||||||
| 6. | Expenditure | on charitable | activities | |||||
| 2022 8 |
202'/ f |
|||||||
| Donations | 486,941 | 4,421 | ||||||
| Support costs | 12,617 | 13,128 | ||||||
| Governance | Costs | 2,884 | 2000 | |||||
| 502,442 | 19,549 | |||||||
| 7. | Fixed Asset Investments | |||||||
| 2022 K |
2021f | |||||||
| Market Value | ||||||||
| Market Value | at 1 January | 1,222,261 | 1,118,964 | |||||
| Net movements during |
the | year | (3,454) | (3,479) | ||||
| Realised & | unrealised | (losses)/gains | (127,724) | 106,776 | ||||
| Market value | at 31December | 1,091,083 | 1,222 261 | |||||
| 8. | Debtors | |||||||
| 2022f | 2021f | |||||||
| Due within | one year | |||||||
| Other debtors | 18,085 | 22,000 | ||||||
| 18,085 | 22,000 |
| Balance at | ||||||
|---|---|---|---|---|---|---|
| Balance at 1 | 31 | |||||
| January | Gains/ | December | ||||
| 2022 | Income | Expenditure | (Losses) | 2022 | ||
| E | E | E | E | E | ||
| Unrestricted | funds | |||||
| General Funds | 1,429,945 | 594,149 | (505,897) | (127,724) | 1,390,473 |
| Balance at | ||||||
|---|---|---|---|---|---|---|
| Balance at | 31 | |||||
| 1Januartr | Gains/ | December | ||||
| 2021f | Income f |
Expendt turn f |
(Losses)f | 2021f | ||
| Unrestricted | funds | |||||
| General funds | 1,231,908 | 114,289 | (23,028) | 105,775 | 1,429,945 |
| Analysis ofnet assets between funds - current ye | ar | |
|---|---|---|
| Unrestricted | Total | |
| funds | funds | |
| 2022 | 2022 | |
| E | f. | |
| Fixed asset investments | 1,091,083 | 1,091,083 |
| Current assets | 302,274 | 302,274 |
| Creditors due within one year | (2,884) | (2,884) |
| Total | 1,390,473 | 1,390,473 |
| Analysis of net assets between funds - prior year | ||
|---|---|---|
| Unrestricted | Total | |
| funds | funds | |
| 2021 | 2021 | |
| 6 | ||
| Fixed asset investments | 1,222 261 | 1,222,261 |
| Current assets | 210,144 | 210,144 |
| Creditors due within one year | (2460) | (2,460) |
| Total | 1,429,945 | 1,429,945 |
| 2022 | 2021 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net (expenditure)/income |
for the | year | (as | per | Statement | of Financial | ||||||
| Activities) | (39,472) | 198,037 | ||||||||||
| Adjustments for: |
||||||||||||
| Investment income |
(32,884) | (29,500) | ||||||||||
| Management Fees |
3,454 | 3,479 | ||||||||||
| Decrease/(increase) | in debtors | 3,915 | (22,000) | |||||||||
| Increase/(decrease) | in creditors | 424 | 460 | |||||||||
| Losses/(gains) on |
investments | 127,724 | (106,776) | |||||||||
| Net cash provided | by operating | activities | 63,161 | 43,700 | ||||||||
| 14. | Analysis ofcash | and cash | equivalents | |||||||||
| 2022 | 2021 | |||||||||||
| 6 | ||||||||||||
| Cash at bank and | in | hand | 284,189 | 188,144 | ||||||||
| Total cash and cash equivalents | 284,189 | 186,144 |