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|**Thetrustees:**|PatriciaAsttey|
|---|---|
||LeoCremonezi|
||AnnabelDumbell|
||**Sara**Gordon( Treasurer)|
||TraceyMarshall(Chair)|
||Judith Prinsley|
||DeanaPuccio|
|**Principalplaceofbusiness:**|50FalklandRoad|
||London|
||NW52:XA|
|**IndependentExaminer:**|FisherPhiUipsLLP|
||Summ~House|
||170FinchleyRoad|
||London|
||NW36BP|
|**Bankers:**|CAFBank|
||25KingsHillAvenue|
||KingsHill|
||WestMalling|
||Kent|
||ME194JQ|
|Chief**ExecutiveOfficer**(CEO):|AllisonHavey|










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|**Number of schools**<br>**Number of presentations**<br>**Approximatenumber ofpupils**|**2022/23**<br>51<br>129<br>16,500|**2021/22**<br>52<br>153<br>23,500|**2020/21**<br>13<br>23<br>4,000|**2019/20**<br>8<br>21<br>3,150|
|---|---|---|---|---|





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|Inconnectionwithmyexamination,nomatterhascometomyattention:|Inconnectionwithmyexamination,nomatterhascometomyattention:|
|---|---|
|1)|whichgivesmereasonablecausetobelievethatinanymaterialrespecttherequirements:|
||- tokeepaccountingrecordsinaccordancewithsection130ofthe2022Actand|
||-toprepareaccountswhichaccordwiththeaccountingrecordsandcomplywiththeaccountingrequirementsofthe|
||2022ActandwiththemethodsandprinciplesoftheStatementofRecommendedPractice:Accountingand|
||ReportingbyCharitieshavenotbeenmet;or|
|2)|towhich,inmyopinion,attentionshouldbedrawninordertoenable aproperunderstandingoftheaccountstobe|
||reached.|





## 

## 

|||||**2023**|**2022**|
|---|---|---|---|---|---|
|||**Unrestricted**|**Restricted**|Total|Total|
||**Note**|£|£|£|£|
|Income from:||||||
|Donationsandlegacies<br>Charitable activities:|**3**<br>**4**|6,253||**6,263**|**11,895**|
|Grants received<br>Other charitable income<br>Investment income|**5**|16,500<br>13,595||**16,500**<br>**13,596**|**10,000**<br>**11,870**|
|Other income||||||
|**TotalIncome**||**36,348**||**36,348**|**33,765**|
|**Expenditure**on:||||||
|Raising funds<br>Charitable activities:|6<br>6|3,052||**3,052**|**2,165**|
|Development/ Consultancy costs||4,861||**4,861**|**5,435**|
|Direct costofpresenting||23,972||**23,972**|**25,996**|
|**Total expenditure**||31,884||**31,884**|**33,596**|
|**Net Income/ (expenditure)andnet**||||||
|**movementinfunds**||4,464||**4,464**|**169**|
|**Reconciliation offunds:**||||||
|Total funds brought forward||17,032||**17,032**|**16,863**|
|Transfersbetweenfunds||||||
|**Totalfundscarriedforward**||21,496||**21,496**|**17,032**|





## 

|The**RAPFoundation**<br>**Balancesheet**<br>**Asat31March2023**||||||
|---|---|---|---|---|---|
|||**2023**|2023|2022|2022|
||**Note**|£|£|£|£|
|Current**assets:**||||||
|Debtors|**10**|5,355||900||
|Cashatbankandin hand|**15**|21,225||26968||
|||**26,580**||27,868||
|Current**liabilities:**||||||
|Creditors: amounts falling due withinoneyear|11|**151084)**||(10,836)||
|Net current**assets**/**(llabllitles)**|||**211496**||17,032|
|Totalnetassets (llabllltles)|||**21,496**||17,032|
|**Funds**|13|||||
|Restricted funds||||||
|Unrestricted funds:||||||
|Designated funds||||||
|General funds||21,496||17,032||
|Total unrestricted funds|||21,496||17,032|
|**Totalfunds**|||**21,496**||17,032|





## 

## 

||**Note**|**2023**|2023|2022|2022|
|---|---|---|---|---|---|
|||£|£|£|£|
|**Netcashprovidedby**_I_**(used**In)**operatingactlvftlea**|**14**||(5,743)||10,105|
|**Cashflows**from**investingactivities:**||||||
|Interest/ rent/ dividendsfrominvestments||||||
|Sale/ (purchase)offixedassets||||||
|Sale/ (purchase)ofinvestments||||||
|**Cashprovidedby/(usedIn)Investingactlvltl88**||||||
|**Cashflowsfromfinancing activities:**||||||
|Repayments of borrowing||||||
|Cashinflows fromnewborrowing||||||
|Receiptofendowment||||||
|**Cashprovidedby/(usedIn)financing activities**||||||
|**Change**In**cashandcashequivalentsInthe year**|||**(6,743)**||10,105|
|Cashandcashequivalents at thebeginningoftheyear|||26,968||16,863|
|Changeincashand cash equivalents duetoexchangerate||||||
|movements||||||
|**Cashandcashequivalents at the end**of**the year**|**16**||**21,226**||26,968|





|f)|**Interestreceivable**|
|---|---|
||Interestonfundsheldondepositisincludedwhenreceivableandtheamountcan**be**measuredreliablybythecharitable|
||incorporatedorganisation;thisisnormallyuponnotificationoftheinterestpaidorpayablebythebank.|
|**g)**|**Fundaccounting**|
||Unrestrictedfundsareavailabletospendonactivitiesthatfurtheranyof thepurposesofcharitableincorporatedorganisation.|
||Designatedfundsareunrestrictedfundsofthecharitableincorporatedorganisationwhichthetrusteeshavedecidedat their|
||discretiontosetasidetousefor**a**specificpurpose.Restrictedfundsaredonationswhichthedonorhasspecifiedaretobe|
||solelyusedfor particularareasofthecharitableincorporatedorganisation'sworkorfor specificprojectsbeingundertakenbythe|
||charitableincorporatedorganisation.|





## 

||•<br>Costs of raising funds compriseoftrading costsandthecosts incurredbythecharitable incorporated organisationin|
|---|---|
||inducingthirdparties to make voluntary contributionstoit,aswellasthecost ofanyactivities with a fundraising purpose.|
||•<br>Expenditureoncharitable activities includesthecostsofdelivering services, exhibitionsandother educational activities|
||undertaken to further the purposes of the charitable incorporated organisationandtheir associated support costs.|
||•<br>Other expenditure represents those itemsnotfalling intoanyotherheading.|
||Irrecoverable VATischargedasa cost againsttheactivity forwhichtheexpenditurewasincurred.|
|i)|**Allocationof supportcosts**|
||Support costs are those functions that assisttheworkofthecharitable incorporated organisationbutdonotdirectly undertake|
||charitable activities. Support costs includebackoffice costs, finance, personnel, payrollandgovernance costswhichsupportthe|
||Trusts artistic programmesandactivities. These costs havebeenallocatedbetweencostofraisingfundsandexpenditureon|
||charitable activities. The basesonwhich support costs havebeenallocatedareset outinnote 6.|
|j)|**Debtors**|
||Tradeandother debtors are recognised atthesettlement amountdueafter any trade discount offered. Prepaymentsarevalued|
||attheamount prepaid netofanytrade discountsdue.|
|**k)**|**Cashatbankand**in**hand**|
||Cashatbankandcashinhandincludescashandshorttermhighly liquid investments witha short maturity of three months or|
||lessfromthe date of acquisition or opening ofthedeposit or similar account|



## 



## 

|**2**|**Detailedcomparativesforthestatement of financial activities**|**Detailedcomparativesforthestatement of financial activities**||||
|---|---|---|---|---|---|
||||2022|2022|**2022**|
||||Unrestricted|Restricted|**Total**|
||||£|£|£|
||**Incomefrom:**|||||
||Donationsandlegacies||11,895||**11,895**|
||Charitable activities:|||||
||Grantsreceived||10,000||**10,000**|
||Other charitable income||11,870||**11,870**|
||Investment income|||||
||Other income|||||
||**Totalincome**||**33,766**||**33,765**|
||**Expenditureon: **|||||
||Raising funds||2,165||**2,165**|
||Charitable activities:|||||
||Development/ Consultancy costs||5,435||**6,435**|
||Direct cost of presenting||25,996||**26,996**|
||**Total expenditure**||**33,696**||**33,696**|
||**Net income/ expenditureandnetmovement**|||||
||In**funds**||**169**||**169**|
||Totalfundsbrought**forward**||16,863||**16,863**|
||**Totalfundscarriedforward**||**17,032**||**17,032**|
|**3**|**Incomefrom donationsandlegacies**|||||
|||||**2023**|**2022**|
|||Unrestricted|Restricted|**Total**|Total|
|||£|£|£|£|
||Giftsanddonations|6,253||**6,253**|11,895|
||Donatedservices|||||
||Legacies|**6,263**||**6.263**|**11,895**|
|**4**|**Incomefrom charitable activities**|||**2023**|2022|
|||Unrestricted|Restricted|**Total**|Total|
|||£|£|£|£|
||**Grantsreceived:**<br>Development(WFHFoundation Charity)<br>SigridRausingTrust<br>Millenium Global Charitable Trust|10,000<br>6,500||**10,000**<br>**6,500**|10,000|
||**Oth!!rCharita!!le lnc2me:**<br>Income direct from schools|13,595||**13,696**|11,870|
||Other fundraising income|||||
||**Totalincomefrom charitable activities**|**30,096**||**301096**|21,870|



|**5**|**Incomefrom investments**|||**2023**|2022|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|**Total**|Total|
|||£|£|£|£|
||Bankinlerest|||||
||Rent|||||
||Investment income|||||





## 

|||Cost of|Charitable|Charitable|activities|||||
|---|---|---|---|---|---|---|---|---|---|
||Basisof|**raising **|Directoost of||Development /|Support|Govemance|2023|2022|
||allocation|funds|presenting||Consultancyoosts|oosts|oosts|Total|Total|
|||£||||£|£|£|£|
|Presenterfees|||19,660|||||**19,660**|23,528|
|Presentertravel&subsistence|||1,168|||||**1,168**|168|
|Reauitmentfees||||||||||
|Development/Consultancyfees(VYFH)|||||1,809|||**1,809**|3,270|
|Notionaltraining(CPD) for presenters|||||||||70|
|**Insurance**||||||247||**247**|490|
|Salary-CEO||||||5,000||**5,000**|2,000|
|Bankcharges||||||32||**32**|127|
|Websttemaintenance& hosting||||||900||**900**|900|
|Printing,postage andstationery|||||||||199|
|Marketing& socialmediamanagement||||||1,600||1,600|1,800|
|Xerosubscriptions||||||569||**569**|144|
|Independentexaminersfees|||||||900|**900**|900|
|||||||-----------||||
||||20,828||1,809|8,348|900|31,685|33,596|
|Supportoosts|33%_I_34%_I_33%|2,755|2,838||2,755|(8,348)||||
|**Governancecosts**|33%_I_34%_I_33%|297||306|297||(900}|||
|||||||-------||----||
|Total expenditure2023||3,052|23|972|**4861 **|~|-|31,685||
|Total expenditure2022||~|<br>**25996**||**5435**|=~|||~|
|Ofthe totalexpenditure,£31,885 (2022:|£33,596)wasunrestrictedand£Nil||(2022:£Nil}wasrestricted.|||||||





|**2023**|2022|
|---|---|
|£|£|
|**900**|' 900|



## 

## 

## 

||**2023**|2022|
|---|---|---|
||£|£|
|Prepayments|||
|Trade debtors|5,355|900|
|Otherdebtors|||
||**5,365**|**900**|
|**Creditors:amountsfallingdue withinoneyear**|||
||**2023**|2022|
||£|£|
|Trade creditors|**4,184**|9,936|
|Deferred income|||
|Accruals|900|900|
|Othercreditors|||
||**6,084**|**10,836**|



||General|||**Total**|
|---|---|---|---|---|
||unrestricted|Designated|Restricted|**funds**|
||£|£|£|£|
|Tangible fixedassets|||||
|Netcurrent assets|21,496|||**21,496**|
|**Netassetsattheendof theyear**|21,496|||**21,496**|



|||||||
|---|---|---|---|---|---|
|**Movemerrtsinfunds**||Incoming|Outgoing|||
||Atthe start|resources&|resources&||**Attheend**|
||of theyear|gains|losses|Transfers|**of the year**|
|**Restrictedfunds**|£|£|£|£|£|
|**Totalrestrictedfunds**||||||
|**Unrestricted funds:**||||||
|**Designatedfunds**||||||
|Total**designatedfunds**||||||
|**Generalfunds**|**17,032**|36,348|(31,884)||21,496|
|Total**unrestrictedfunds**|**17,032**|**36,348**|**!3118841**||**21,496**|
|Total**funds**|**17,032**|**36,348**|**13118841**||**211496**|