2022-07-31-accounts - Sustainability. Health. Environment. Development.

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			Page
Report ofthe Trustees		1	to	6
Report ofthe Independent Auditors		7	to	9
Statement ofFinancial	Activities		10
Balance Sheet		11	to	12
Cash Flow Statement			13
Notes to the Cash Flow Statement			14
Notes to the Financial	Statements	15	to	20
Detailed Statement of	Financial Actitdties	21	to	22

	31J	ULY2022
				2022	2021
		Unrestricted	Restricted	Total	Total
	Notes	fund	fund	fundsf	funds
CURRENT ASSETS
Debtors	10	927		927	1,027
Cash atbank		4,155,932		4&155&r32	4,347,023
		4,156,859		4,156,859	4,348,050
CREDITORS
Amounts falling due within one year	11	(8,817)		(8,817)	(11,187)
NET CURRENT ASSETS		4,148,042		4,148,042	4,336,863
TOTAL ASSETSLESSCURRENT LIAR~		4448,042		4,148,042	4,336,863
NET ASSETS		4&148,042		4,148,042	4,336,863
FUNDS	12
Unrestricted funds				4&148&042	4,336,863
TOTAL FUNDS				4,148,042	4,336,863

							2022	2021
						Notes	f
Cash Bows from	operating		activities
Cash generated from operations							(191,958)	(i88,888)
Net cash used in	operating	activities					(191,958)	(188.888)
Cash Bows from	investing		activities
Interest received							867	1,478
Net cash provided	hy investing			activities			867	1,478
Change in cash and cash		equivalents			in the
reporting period							(191,091)	(I87,4I0)
Cash and cash equivalents			at	the beginning
ofthe reporting	period						4@47,023	4,534,433
Cash and cash equivalents			at	the end	ofthe
reporting period							4,155,932	4,347,023

		FORTHE YEAR ENDED 31JUL	FORTHE YEAR ENDED 31JUL	Y 2022
RECONCILIATION		OF NET EXPENDITURE TO NET CASH		FLOW FROM	OPERATING	ACTIVITIES
					2022	2021
					f	f
Net expenditure	for the reporting		period (as per the Statement of
Financial Activities)					(188,821)	(187254)
Adjustments for:
Interest received					(867)	(1,478)
Decrease/(increase)	in	debtors			100	(1,027)
(Decrease)/increase	in	creditors			(2370)	871
Net cash used in	operations				(191,958)	(188,888)
ANALYSIS OF CHANGES IN NET FUNDS
				At 1.8.21	Cash flow	At31.7.22
					f	f
Net cash
Cash at bank				4/47)023	(191,091)	4,155,932
				4@47,023	(191,091)	4,155,932
Total				4,347,023	(191)091)	4,155,932

	DOrNATI	ONS AND LE	GACIES
					2022	2021
					f
	Donations				3/00,000	3,500,000
	Grants				37475
					3/37,275	3,500,000
	Grants received, included		in the above, are as follows:
					2022f	2021
	Other grants				37375
3.	INVESTMENT INCOME
					2022	2021
						f.
	Deposit account interest				867	1,478
4.	CHARITABLE ACTIVITIES COSTS
					Support
				Direct	costs (see
				Costs f.	note 5) f	Totalsf
	Charitable	Activities		3,571)656	155/07	3,726,963
5.	SUPPORT COSTS
					Governance
				Management	costs	Totals f
	Charitable	Activities		152807	3,000	155407
6.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)		is stated after char~mug/(crediting):
					2022	2021
						f
	Auditors'	remuneration			3,000	2,875

	Travel expenses paid	t	o Trustees in	carrying	out th	eir governance roles amounted tofN	il (2021 —6160	).
8.	STAFFCOSTS
							2022	2021
								6
	Wages and salaries						101,556	84,224
	Social security costs						5,928	5,948
	Other pension costs						6,646	5,580
							114,130	95,752
	The average monthly	number ofemployees			during	the year was as follows:
							2022	2021
	Charitable Activities						3	3
	No employees received		emoluments	in excess off60,000.
9.	COMPARATIVES	FORTHE STATEMENT OFFINANCIAL ACTIVITIES
								Unrestricted
								fundf
	INCOME AI4D ENDOWMENTS			FROM
	Donations and legacies							3,500,000
	Investment income							1,478
	Total							3,501,478
	EXPENDITURE ON
	Charitable activities
	Charitable Activities							3,688,732
	NET INCOME/(EXPENDITURE)							(187,254)
	RECONCILIATION		OF FUNDS
	Total funds brought	forward						4,524,117

						Unrestricted
						fund
						f
	TOTAL FUNDS CARRIED FORWARD					4,336,863
10.	DEBTORSr AMOUNTS FALLING DUE WITHIN ONE YEAR
					2022	2021
					f	6
	Other debtors					100
	Prepayments				927	927
					927	1,027
11.	CREDITORS:		AMOUNTS FALLING DUE WITHIN ONE YEAR
					2022	2021
					K
	Trade creditors					(I)
	Social security	and other taxes			2,154	1,701
	Accrued cxpcnscs				6,663	9,487
					8)817	11,187
12.	MOVEMErNT		Pre FUNDS
					Net
					movement	At
				At 1.8.21	in funds	31.7.22
				f	f	f
	Unrestricted	funds
	General fund			4,336,863	(188,821)	4,148,042
	TOTALFUNDS			4336,863	(188,821)	4,148,042

			FORTHE YEAR ENDED	31JULY 2022
				2022	2021
INCOME AND ENDOWMENTS
Donations and legacies
Donations				3,500,000	3,500,000
Grants				37,275
				3,537/75	3,500,000
Investment income
Deposit account interest				867	l,478
Total incoming resources				3,538,142	3,501,478
EXPENDITURE
Charitable activities
Curatorial and Facilitated		programmes		416,210	1,081,500
Partnership Building				650,000	827,558
Radical Research Fund				1,276,136	539,067
Supporting Emergence	and Pilot Schenies			1,199,310	492,669
Radical Research Fund	-	Necessity		30,000	595,000
				3,571,656	3,535,794
Support costs
Management
Wages				101,556	84,224
Social security				5)928	5,948
Pensions				6,646	5,580
ll'Isuiallce				1322	395
Telephone				1,066	2.044
Postage and stationery				1319	1,787
Travel				14,452	4,356
Hotels &meetings				16,073	622
Bookkeeping and administration			assistance		3,790
Professional fees				475	1,398
Consultancy fees					24,000
Subscriptions				292	130
Computer and sottvvare		expenses		2,683	6,637
Sundries				255	613
Bank Charges				240	267
Office rent					5,000
Carried fortvard				152307	146,791