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|---|---|---|---|---|
|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|
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||||FOR|THE YEAR|ENDED 31JUL|Y 2022|||
|---|---|---|---|---|---|---|---|---|
||||||||2022|2021|
||||||Unrestricted|Restricted|Total|Total|
||||||fund|fund|funds|funds|
|||||Notes|f||f||
|INCOME|AND ENDOWMENTS||FROM||||||
|Donations|and legacies|||2|3400,000|37,275|3,537475|3,500,000|
|Investment|income||||867||867|1,478|
|Total|||||3,500,867|37,275|3,538,142|3,501,478|
|EXPENDITURE ON|||||||||
|Charitable|activities||||||||
|Charitable|Activities||||3,689,688|37,275|3,726,963|3,688,732|
|NET INCOME/(EXPENDITURE)|||||(188,821)||(188,821)|(187,254)|
|RECONCILIATION||OF FUNDS|||||||
|Total funds brought||fortvard|||4/36,863||4)336)863|4,524, 117|
|TOTAL FUNDS CARRIED FORWARD|||||4,]48,042||4,148,042|4,336,863|
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||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|
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||||||||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|
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|||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|
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||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|
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||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|
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|||||||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|
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|||||Incoming|Resources|Movement|
|---|---|---|---|---|---|---|
|||||resources|expended|in funds|
|Unrestricted|funds||||||
|General fund||||3,500,867|(3,689,688)|(188,821)|
|Restricted funds|||||||
|Restricted
funds||||37475|(37,275)||
|TOTAL FUNDS||||3,538,142|(3,726,963)|(188,821)|
|Comparatives|for movemcnt||in funds||||
||||||Net||
||||||movement|At|
|||||At 1.8.20|in funds|31.7.21|
|||||f|f|f|
|Unrestricted|funds||||||
|General
fund||||4,524,117|(187,254)|4,336,863|
|TOTALFUNDS||||4,524,117|(187,254)|4,336.863|
|Comparative|net movement|in|funds. included|in the above are as follows:|||
|||||Incomiug|Resources|Movement|
|||||resources
f.|expended
f|in funds
f.|
|Unrestricted|funds||||||
|General fund||||3,501,478|(3,688,732)|(187,254)|
|TOTAL FUNDS||||3,501,478|(3,688,732)|(187,254)|
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|||||Net||
|---|---|---|---|---|---|
|||||movement|At|
||||At 1.8.20|in funds|31.7.22|
||||f||f|
|Unrestricted||funds||||
|General|fund||4,524,117|(376,075)|4,148,042|
|TOTAL|FUNDS||4,524,117|(376,075)|4,148,042|
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended
f|in funds|
|Unrestricted
funds||||
|General fund|7,002,345|(7,378,420)|(376,075)|
|Restricted funds||||
|Restricted
funds|37,275|(37,275)||
|TOTAL FUNDS|7.039,620|(7,415,695)|(376.075)|
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||||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|
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|FORTHE YEAR E|NDED 31JULY 2022||
|---|---|---|
||2022f|2021|
|Management|||
|Brought forward|152807|146,791|
|Repairs and renewals||337|
|Staffrelocation
expenses||2,935|
||152407|150,063|
|Governance
costs|||
|Auditors'
remuneration|3,000|2,875|
|Total resources expended|3,726,963|3,688,732|
|Net expenditure|(188,821)|(187,254)|