2021-07-31-accounts

			Pugc
Rcport ofthe Trustccs		I	to	7
Rcport ofthc Indepcndcnt Auditors		8	to	10
Statcmcnt ofFinancial Activities
Balance Shcct		12	to	13
Cash Flow Statement			14
Nutcs to thc Cash Flow Statement
Notes to the Financial Statements		16	to	20
Dctailcd Statement ofFinancinl	Activities	21	to	22

						Period
						11.7.19
					Year Ended	to
					31.7.21	31.7.20
					Unrestricted	Total
				Notes	fundf	funds f
INCOME	AND ENDOWMENTS		FROM
Donations	and legacies				3,500,000	7,000,000
Investmcnt	income				1,478	1,078
Total					3,501,478	7,001,078
EXPENDITURE ON
Charitable	activities
Charitable	Acuvities				3,688,732	2,476,961
NET INCOME/(EXPENDITURE)					(187,254)	4,524,117
RECONCILIATION		OF FUNDS
Total funds brought		fortvard			4,524,117
TOTAL FUNDS CARRIED FORWARD					4836,863	4,524,117

		SUSTAINABILITY.	HEALTH. ENVIRONMENT.
		DEVELOPSIENT.
			(SHED)
		BALANCESHEET
		31JULY 2021
				2021	2020
				Unrestricted	Total
		Notes		fundf	funds 8
CURRENT	ASSETS
Debtors		10		1,027
Cash at bank				4347,023	4,534,433
				4348,050	4,534,433
CREDITORS
Amounts falling due within onc		year		(11,187)	(10,316)
NET CURRENT ASSETS				4336,863	4,524,117
TOTAL ASSETS LESSCURRENT
LIABILITIES				4836,863	4,524,117
NET ASSETS				4836,863	4,524,117
FUNDS		12
Unrestricted	funds			4336,863	4,524,117
TOTAL FUNDS				4336,863	4,524,117

							Period
							11.7.19
						Year Ended	to
						31.7.21	31.7.20
					Notes	f.	f
Cash llows from		operating	activities
Cash gcncrated	from operations					(188,88$)	4,533,355
Nct cash (used in)/provided			by	operating	activities	(188,888)	4,533,355
Cash Botvs I'rom		investing	activities
Interest received						1,47$	1,078
Nct cash provided		by investing		activities		1,478	1,07$
Change in cush		and cash equivalents			in thc
reporting period						(187,410)	4,534,433
Cash and cash	equivalents		nt	thc beginning
ofthe reporting		period				4,534,433
Cash and cash	equivalents		at	thc cnd	ofthe
reporting period						4347,023	4,534,433

							Period
							I 1.7.19
						Year Ended	to
						31.7.21	31.7.20
						f	f
	Nct (expenditure)/income			for thc reporting	period (as pcr thc Stntcmcnt
	ofFinnncial		Activities)			(187,254)	4,524,117
	Adjustments		for:
	interest received					(1,478)	(1,078)
	increase	in debtors				(1,027)
	Increase	in creditors				871	10,316
	Nct cash	(used in)/provided		by operations		(188,888)	4,533,355
2.	ANALYSIS		OFCHANGES IN NET FUNDS
					At 1.8.20	Cash flow	At 31.7.21
					f	5	f
	Net cash
	Cash at bank				4,534,433	(187,410)	4047,023
					4,534,433	(187,410)	4347,023
					4,534,433	(187,410)	4347,023

2.	DONATI	ONS AND LE	GACIES
						Period
						11.7.19
					Year Ended	to
					31.7.21	31.7.20
						f
	Donations				3,500,000	7,000,000
3	INVESTMENT INCONIE
						Period
						I 1.7.19
					Year Ended	to
					31.7.21	31.7.20
					f.	f
	Deposit account interest				1,478	1,078
4,	CHARITABLE ACTIVITIES COSTS
					Support
				Direct	costs(see
				Costs f	note 5) f	Totalsf
	Charitable	Activities		3,535,794	152,938	3,688,732
5,	SUPPORT COSTS
					Govcmancc
				Management f	costs f	Totals f
	Charitable	Activities		150,063	2,875	152,938
6,	NET INCOME/(EXPENDITURE)
	Nct income/(expenditure)		is stated ager charging/(crediting):
						Period
						11.7.19
					Year Ended	to
					31.7.21	31.7.20
					f	f
	Auditors'	remuneration			2,875	3,000

									Period
									11.7.19
								Year Ended	to
								31.7.21	31.7.20
								f.	6
	Wages and	salaries						84,224	99,354
	Social security		costs					5,948	4,016
	Other pension		costs					5,580	6,348
								95,752	109,718
	Thc average monthly			number ofcmployces		during	thc year was as follows:
									Period
									11.7.19
								Year Ended	to
								31.7.21	31.7.20
	Charitable	Activities						3	3
	No employees		received emoluments		in excess off60,000.
9.	COMPARATIVES			FOR THE STATEMENT OF FINANCIAL ACTIVITIES
									Unrestricted
									fund
									f
	INCOtXIE	AND ENDOWMENTS			FROiVI
	Donations	and	legacies						7,000,000
	Investmcnt	income							1,078
	Totnl								7,001,078
	EXPENDITURE ON
	Chnritablc	nctivities
	Charitable	Activities							2,476,961
	NET INCOME								4,524,117
						Pagclg			continued.

9,	COMPA	RAT	IVES FOR THE	STATEMENT OF FINANCIAL ACTIVITIES-c	ontinued
						Unrestricted
						fund
	TOTAL	FUNDS CARRIED FORWARD				4,524,117
IIL	DESTORS:AiMOUNTS FALLING DUE WITHIN ONE YEAR
					2021	2020
					f
	Other debtors				100
	Prepaymcnts				927
					1,027
11.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
					2021	2020
						f
	Trade creditors				(I)	5,421
	Social security		and other taxes		1,701	1,895
	Accrued	expenses			9,487	3,000
					11,187	10,316
12.	MOVEMENT IN FUNDS
					Nct
					movemcnt	At
				At 1.8.20	in funds	31.7.21
				f	f	f
	Unrcstrictcd		funds
	General	fund		4,524,117	(187,254)	4336,863
	TOTAL	FUNDS		4,524,117	(187,254)	4436,863
	Nct movement		in funds, included	in the above arc as follows:
				Incoming	Rcsourccs	Movemcnt
				Ksourccs f	expended f	in funds 8
	Unrcstrictcd		funds
	General	fund		3,501,478	(3,688,732)	(187,254)
						continued„,
	TOTAL	FUNDS		3,501,478	(3,688,732)	(187,254)

					Nct
					movcmcnt	At
					in funds	31.7.20
					f	f
Unrcstrictcd		funds
General	fund				4,524I, I I7	4,524,117
TOTAL	FUNDS				4,524,117	4,524,117
Comparative		nct movement	in funds, included	in thc above are as follows:
				incoming	Resources	Movemcnt
				Icsollrccs f	expended f	in funds
Unrestricted		funds
General	fund			7,001,078	(2,476,961)	4,524,117
TOTAL	FUNDS			7,001,078	(2,476,961)	4,524,117

	D	ETAILED STATENI ENT OF FIN FOR THE YEAR ENDED	ANCIAL ACTIVITIES 31JULY 2021
				Period
				11.7.19
			Year Ended	to
			31.7.21f	31.7.20 f
INCOME AND ENDOWMENTS
Donations and lcgncics
Donations			3,500,000	7,000,000
Invcstmcnt income
Deposit account interest			1,478	),078
Total incoming resources			3,501,478	7,001,078
EXPENDITURE
Charitnblc activities
Curatorial and Facilitated programmes			1,081,500	1,244,759
Partnership Building			827,558	431,000
Rndicnl Research Fund			539,067	100,000
Supporting Emergence	and Pilot Schemes		492,669	528,650
Rndical Research Fund- Necessity			595,000
			3,535,794	2,304,409
Support costs
Manngcmcnt
Wages			84,224	99,354
Social security			5,948	4,016
Pensions			5,580	6,348
Insurance			395	1,322
Telephone			2,044	1,116
Postage and stationery			1,787	325
Travel			4456	11,820
Hotels tk meetings			622	11,640
Bookkeeping and administration		assistance	3,790	4,520
Professional fccs			1498	3,036
Consultancy fees			24,000	12,500
Subscriptions			130	2,711
Computer and soilwarc expenses			6,637	10,335
Sundries			613	414
Bank Charges			267	95
OAicc rent			5,000
Camcd forward			146,791	169,552

	DETAILED STATEiglENT OF FINANCIAL ACTIVITIES FORTIIEYEAR ENDED 31JULY 2021
	iManagcmcnt Brought fonvard Repairs and renewals Staff relocatio expenses Year Ended 31.7.21 f 146,791 337 2,935 Pcriod 11.7.19 to 31.7.20 f 169,552 Governance costs Auditors' remuneration 150,063 2,875 169,552 3,000 otal rcsourccs expended et (expenditure)/income 3,688,732 2,476,961 (187,254) 4,524,117
T N	iManagcmcnt Brought fonvard Repairs and renewals relocatio expenses Governance costs Auditors' remuneration otal rcsourccs expended et (expenditure)/income

iManagcmcnt
Brought fonvard
Repairs and renewals
relocatio expenses
Governance costs
Auditors' remuneration
Total rcsourccs expended
Net (expenditure)/income