OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-03-31-accounts

RegisterC)harityNante Michaeland SarahSpencerFoundation
Cltariry*Number I1846_s8
PrincipaiAddress 3rdFloor'
39 Sloane Slreet
Loudon
SWIX9LP
Tlr-rstees LordlVlichaelAlanSpencer
SarahSpencer
MarinatsozicaRitossa
IndependentExaminer AntlronyEpton
Coldwins
Charteled Accountantsand registercdaudilors
7-5MaygroveRoad
WestFlampstead
London
NW62EG
Bankers BalclaysPrivate Bank
OneStanhope
I",ondon
W1KIAF
Solicitors 'liowers&I-{amlinsLLP
'l'heSenate
Southenrhay Gardens
Exeter
EXIiUG

2o2Z ?:071
Unrestricted Restricted Total Total
Note t f f f
lncomefrom:
Donations 2 933,551 933,551 573,580
lnvestmentincome 394
Totalincome 933,551 _93lfi1 573,974
Expenditure on:
Charitable activities 3 929,370 92937A 663,2V9
Total expenditure 929,3'70 )p;7L 663,279
Net(expenditure)/income for the
year
4,18'L 4,181" (89,305)
Transfers between funds
Netmovementinfunds 4,181 4,181 (89,305)
Reconciliation offunds:
Total fundsbrought forward (es6) ie56) 88,349
Total fundscarriedforward 1??s (es5)

CurrentAsscts Note f t.
2422
*, f.
2021
Cash atbankanclinlrand 6,025 1,8'+4
6,A25 I,844
C--redilors:anrountsfallingduei,vithin
oueyear 5 (2,800) (2,800)
Netcurrent(liabilities)lassets 1))| {e56)
Net(liabilities)/assets I??q (e56)
Iacome funds 7
Reshicted funds
Unreskicted fuads 7))| re56)
I??s (e56)

2022 2021
Note L f f f,
Cash florysfromoperating activities:
Netcashprovided by/(usedin)
opelatingactivities 8 4,181 (91,90s)
Cash florysli'onr investitgactivities:
Sale/ (prrrchase)olfi.redassets
Sale/ (purchase)ofinvestrnents
Cashprovidetlby/(usedin)investing activities
Changeinc:rshandcashequivalents
inthe year 4,181 (91,905)
Cash and cashequivalenls
at thebeginningoftheyear' 1,844 q?7.1q
Cash and cashequivalentsat
the endoltheyear
9 6,025 I,844

2. Donirtiorrs 2022 2021
L r
Monc-faly donations gil551 -573,580
l. Charitableactivities E {
Grantsto institutiells:
Othelgrants 926.500 659,896
-sz6,fto 659,896
Supportcosts:
Website 460
Bankcharges 6; 115
Foreignexchangedifference 2 8
Independentexaminationfee 2,800 2,800
'2,&70 l.l8i
Totalexpenditure 929,370 663,279
4. Net{erpenditure)lincornefortheyear
ilrisis slatedalterclrargirrg: 2022 202I
s f
Independentexasrinationfees 2,800 2,80t)
-5. Creditors:amountstallingduervithin{}neycar
2022 2421
c
Accruals 2.tt00 2,800
2,800 2.804

Analysis ofnetassets bctrvccnlurrd s
Total
LJnrestrictedRestricted funds
T d *.
Net currentassets 1??i 1r?(
Netassefsattheend oftheycar 111( 1 ??5
Analysis ofnetassets/(liabilities)betrveenfunds {priorperirid)
Total
Unrestricted Restricted funds
{ T t
Netcurrent(liabililies) (es5)
Net(liabilities)atthe endofthe period (e56)
Moyementsinfunds
Ari At31
April Lrcorning Outgoing March
1n",r
I
resources
t
resoui'ces
I
1i'ansfcls
f
207,7
f
Total unrestricted
funds ---i:I6)- 11.!1..s5i te29.370) 3,225
Totalfunds ::J2$L 933,551 :822{!L 3,'.)25
Mov'ementsinlunds(priorperiod)
A,tthe Atthe
start()f endof
the lncoming Outgoing the
period
L
lesollrces
L
resources
l:
t
1)'anslers
period
f
'fotalullrestricted
funds __rqJ12_ -__!32J1_ (663,2]9) (es6)
Totalfunds __!!,13:* ___;JisJ!* (.653.?79) {e56)

Reconciliation nfnet income/{expenditure)to netca shfloryfi"omoperatin g activities
2022
2A2t
f, f.
Net(expenditure)/ inconreforthereporting periotl
(asperthestatement offinrncialactivities) 4,1.81 (89,30s)
Increase/ (decrease)in creditors (2,600)
NetcashprovitledbyI(usedin)
opcrating activities 4,187 9i,905
Analysis ofcashirndcasfuequivalent
Ar3l
IApril2021CashflorvMarch2tlZZ
f s f
Cash atbank and inhand 1,844 4,181 6fl2S
Totalcash andoashequivalent 1,944 4,191 6,$25