| Page | ||
|---|---|---|
| Report ofthe Trustees | I to6 | |
| Report ofthe Independent Auditors |
7tog | |
| Statement ofFinancial | Activities | |
| Balance Sheet | 10 | |
| Cash Flow Statement | ||
| Notes to the Cash Flow Statement | 12 | |
| Notes to the Financial | Statemenm | 13to IS |
| Detailed Statement ofFinancial Activities | 16 |
| FO | RTHE PE | RIOD 11JULY 2019TO 31JUL | Y 2020 | |
|---|---|---|---|---|
| Unrestricted | ||||
| fund | ||||
| Notes | f | |||
| INCOME | AND ENDOWMENTS | FROM | ||
| Donations | and legacies | 7,000,000 | ||
| Investment | income | 1,078 | ||
| Total | 7,001,078 | |||
| EXPENDITURE ON | ||||
| Charitable | activities | |||
| Charitable | Activities | 2,476,961 | ||
| NET INCOME | 4424,117 | |||
| TOTAL FUNDS CARRIED FORWARD | 4,524,117 |
| SUSTAINABILITY. | HEALTH. ENVIRONMENT. | ||
|---|---|---|---|
| DEVELOPMENT. | |||
| (SHED) | |||
| BALANCESHEET | |||
| AT31JULY 2020 | |||
| Unrestricted | |||
| fund | |||
| Notes | f | ||
| CURRENT ASSETS | |||
| Cash at bank | 4,534,433 | ||
| CREDITORS | |||
| Amounts falling due within one |
year | (10316) | |
| NET CURRENT ASSETS | 4424&117 | ||
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 4424&II7 | ||
| NET ASSETS | 4424&117 | ||
| FUNDS | 10 | ||
| Unrestricted funds |
4424&II7 | ||
| TOTAL FUNDS | 4424&II7 |
| RECONCIL | IATIO | N OFN |
ET INCOM | E TO NET CASH FLOW FROM OPER | ATING ACT | IVITIES |
|---|---|---|---|---|---|---|
| Net income | for thc | reporting | period (as | per the statement oflinancial activities) | 4,524,117 | |
| Adjustments | for: | |||||
| Interest received | (1,078) | |||||
| Increase in creditors | 10316 | |||||
| Net cash provided | by (used | in) operating | activities | 4,533455 | ||
| ANALYSIS | OF CHANGES | IN NET FUNDS | ||||
| At 11.7.19 | Cash Aow | At31.7.20 | ||||
| f | f | |||||
| Net cash | ||||||
| Cash at bank | 4,534,433 | 4,534,433 | ||||
| Total | 4,534,433 | 4,534,433 |
| Direct costs | Support costs | Totals | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| (Seenote 5) f |
||||||||||
| Charitable Activities |
172/52 | 2,476,961 | ||||||||
| 5. | SUPPORT COSTS | |||||||||
| Covernance | ||||||||||
| Management | costs f |
Totals f |
||||||||
| Charitable Activities |
169,552 | 3,000 | 172,552 | |||||||
| 6. | NET INCOME/(EXPENDITURE) | |||||||||
| Net income/(expenditure) | is stated | after charging/(crediting): | ||||||||
| 6 | ||||||||||
| Auditors' remuneration |
3,000 | |||||||||
| 7. | TRUSTEES' REMUNERATION | AND BENEFITS | ||||||||
| There were no trustees' | remuneration | or other benefits for the period ended 31July | 2020. | |||||||
| Trustees' expenses | ||||||||||
| Travel expenses paid to Trustees in canying out their paid to one trustee off5,000 for work with an advisory |
governance group. |
roles amounted | to f470. Consultancy | fees were | ||||||
| STAFFCOSTS | ||||||||||
| f | ||||||||||
| Wages and salaries | 99454 | |||||||||
| Social security costs | 4,016 | |||||||||
| Other pension costs | 6448 | |||||||||
| 109,718 | ||||||||||
| The average monthly | number ofemployees | during the | period was | as follows: | ||||||
| Charitable Activities |
||||||||||
| No employees received |
emoluments | in excess off60,000. |
| Net | |||||
|---|---|---|---|---|---|
| movemcnt in |
|||||
| funds | At31.7.20 | ||||
| f | f | ||||
| Unrestricted | funds | ||||
| General fund | 4/24&117 | 4424,117 | |||
| TOTAL FUNDS | 4424&117 | 4,524&117 | |||
| Net movement | in funds, included | in the above are as follows'. | |||
| Incoming | Resources | Movement in |
|||
| resources | expended 8 |
funds f |
|||
| Unrestricted | funds | ||||
| General fund | 7,001,078 | (2,476,961) | 4,524,117 | ||
| TOTAL FUNDS | 7,001,078 | (2,476,961) | 4,524,117 |
| Donations and legacies | ||
|---|---|---|
| Donations | 7,000,000 | |
| Investment income |
||
| Deposit account interest | 1,078 | |
| Total incoming resources | 7,001,078 | |
| EXPENDITURE | ||
| Charitable activities |
||
| Curatorial and Facilitated programmes |
1,244,759 | |
| Partnership Building |
431,000 | |
| Radical Research Fund | 100,000 | |
| Supporting Emergence and Pilot Schemes |
528,650 | |
| 2304,409 | ||
| Support costs | ||
| Management | ||
| Wages | 99454 | |
| Social security | 4,016 | |
| Pensions | 6/48 | |
| Insurance | 1322 | |
| Telephone | 1,116 | |
| Postage and stationery | 325 | |
| Travel | 11,820 | |
| Hotels Jt meetings | 11,640 | |
| Bookkeeping and administration |
assistance | 4420 |
| Professional fees |
3,036 | |
| Consultancy fees |
12,500 | |
| Subscriptions | 2,711 | |
| Computer and sofbvate expenses |
10335 | |
| Sundries | 414 | |
| Bank Charges | 95 | |
| 169452 | ||
| Governance costs |
||
| Auditors' remuneration |
3,000 | |
| Total resources expended | 2,476,961 | |
| Net income | 4/24, 117 |