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||||Pugc||
|---|---|---|---|---|
|Rcport ofthe Trustccs||I|to|7|
|Rcport ofthc Indepcndcnt<br>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|





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|||||||Period|
|---|---|---|---|---|---|---|
|||||||11.7.19|
||||||Year Ended|to|
||||||31.7.21|31.7.20|
||||||Unrestricted|Total|
|||||Notes|fundf|funds<br>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<br>8|
|CURRENT|ASSETS|||||
|Debtors||10||1,027||
|Cash at bank||||4347,023|4,534,433|
|||||4348,050|4,534,433|
|CREDITORS||||||
|Amounts<br>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<br>in cush||and cash equivalents|||in thc|||
|reporting<br>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<br>period||||||4347,023|4,534,433|





## 

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||||||||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|





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|2.|DONATI|ONS<br>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<br>f|note 5)<br>f|Totalsf|
||Charitable|Activities||3,535,794|152,938|3,688,732|
|5,|SUPPORT COSTS||||||
||||||Govcmancc||
|||||Management<br>f|costs<br>f|Totals<br>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|





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||||||||||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<br>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<br>f|expended<br>f|in funds<br>8|
||Unrcstrictcd||funds||||
||General|fund||3,501,478|(3,688,732)|(187,254)|
|||||||continued„,|
||TOTAL|FUNDS||3,501,478|(3,688,732)|(187,254)|





## 

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## 

||||||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<br>f|expended<br>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<br>FOR THE YEAR ENDED|ANCIAL ACTIVITIES<br> 31JULY 2021||
|---|---|---|---|---|
|||||Period|
|||||11.7.19|
||||Year Ended|to|
||||31.7.21f|31.7.20<br>f|
|INCOME AND ENDOWMENTS|||||
|Donations<br>and lcgncics|||||
|Donations|||3,500,000|7,000,000|
|Invcstmcnt<br>income|||||
|Deposit account interest|||1,478|),078|
|Total incoming resources|||3,501,478|7,001,078|
|EXPENDITURE|||||
|Charitnblc<br>activities|||||
|Curatorial<br>and Facilitated programmes|||1,081,500|1,244,759|
|Partnership<br>Building|||827,558|431,000|
|Rndicnl Research Fund|||539,067|100,000|
|Supporting<br>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<br>and administration||assistance|3,790|4,520|
|Professional<br>fccs|||1498|3,036|
|Consultancy<br>fees|||24,000|12,500|
|Subscriptions|||130|2,711|
|Computer<br>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<br>FORTIIEYEAR ENDED 31JULY 2021|
|---|---|
||iManagcmcnt<br>Brought fonvard<br>Repairs and renewals<br>Staff<br>relocatio expenses<br>Year Ended<br>31.7.21<br>f<br>146,791<br>337<br>2,935<br>Pcriod<br>11.7.19<br>to<br>31.7.20<br>f<br>169,552<br>Governance<br>costs<br>Auditors'<br>remuneration<br>150,063<br>2,875<br>169,552<br>3,000<br>otal rcsourccs expended<br>et (expenditure)/income<br>3,688,732<br>2,476,961<br>(187,254)<br>4,524,117|
|T<br>N|iManagcmcnt<br>Brought fonvard<br>Repairs and renewals<br>relocatio expenses<br>Governance<br>costs<br>Auditors'<br>remuneration<br>otal rcsourccs expended<br>et (expenditure)/income|



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