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|||Page|
|---|---|---|
|Report ofthe Trustees||I to6|
|Report ofthe Independent<br>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|





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||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<br>falling due within one|year||(10316)|
|NET CURRENT ASSETS|||4424&117|
|TOTAL ASSETSLESSCURRENT||||
|LIABILITIES|||4424&II7|
|NET ASSETS|||4424&117|
|FUNDS|10|||
|Unrestricted<br>funds|||4424&II7|
|TOTAL FUNDS|||4424&II7|





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|RECONCIL|IATIO|N<br>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|





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|||||||||Direct costs|Support costs|Totals|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||(Seenote 5)<br>f||
||Charitable<br>Activities||||||||172/52|2,476,961|
|5.|SUPPORT COSTS||||||||||
||||||||||Covernance||
|||||||||Management|costs<br>f|Totals<br>f|
||Charitable<br>Activities|||||||169,552|3,000|172,552|
|6.|NET INCOME/(EXPENDITURE)||||||||||
||Net income/(expenditure)||is stated|after charging/(crediting):|||||||
|||||||||||6|
||Auditors'<br>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<br>paid to Trustees<br>in canying<br>out their <br>paid to one trustee off5,000 for work with an advisory||||||governance<br>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<br>Activities||||||||||
||No employees<br>received||emoluments||in excess off60,000.||||||





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|||||Net||
|---|---|---|---|---|---|
|||||movemcnt<br>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<br>in|
||||resources|expended<br>8|funds<br>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|



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|Donations and legacies|||
|---|---|---|
|Donations||7,000,000|
|Investment<br>income|||
|Deposit account interest||1,078|
|Total incoming resources||7,001,078|
|EXPENDITURE|||
|Charitable<br>activities|||
|Curatorial<br>and Facilitated programmes||1,244,759|
|Partnership<br>Building||431,000|
|Radical Research Fund||100,000|
|Supporting<br>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<br>and administration|assistance|4420|
|Professional<br>fees||3,036|
|Consultancy<br>fees||12,500|
|Subscriptions||2,711|
|Computer<br>and sofbvate expenses||10335|
|Sundries||414|
|Bank Charges||95|
|||169452|
|Governance<br>costs|||
|Auditors'<br>remuneration||3,000|
|Total resources expended||2,476,961|
|Net income||4/24, 117|