| Page | |||
|---|---|---|---|
| Reference and administrative | details ofthe Company, | its Trustees and advisers | |
| Trustees' report | 2-6 | ||
| Independent examiner's report |
7-8 | ||
| Statement offinancial activities |
|||
| Balance sheet | 10 | ||
| Statement ofcash flows | |||
| Notes to the financial statements | 12-24 |
| Unrestricted | Total | Total | ||||
|---|---|---|---|---|---|---|
| funds | funds | funds | ||||
| Year Ended | Year Ended | Period Ended | ||||
| 30November | 30 November | 30November | ||||
| 2021 | 2021 | 2020 | ||||
| Note | F | |||||
| Income from: | ||||||
| Donations and |
legacies | 501,029 | 501,029 | 11,000 | ||
| Total income | 501,029 | 501,029 | 11,000 | |||
| Expenditure on: |
||||||
| Charitable activities |
535,951 | 535,951 | 30,969 | |||
| Total expenditure | 535,951 | 535,951 | 30,969 | |||
| Net movement | in funds | (34,922) | (34,922) | (19,969) | ||
| Reconciliation | offunds: | |||||
| Total funds brought | forward | (19,969) | (19,969) | |||
| Net movement | in funds | (34,922) | (34,922) | (19,969) | ||
| Total funds carried forward | (54,891) | (54,891) | (19,969) |
| BALANCE SHEET | BALANCE SHEET | |||||||
|---|---|---|---|---|---|---|---|---|
| AS AT 30 NOVEMBER 2021 | ||||||||
| 2021 | 2020 | |||||||
| Note | ||||||||
| Current assets | ||||||||
| Debtors | 2,767 | 2,455 | ||||||
| Cash at bank | and | in hand | 6,927 | 1,000 | ||||
| 9,694 | 3,455 | |||||||
| Creditors: amounts | falling | due within one | ||||||
| year | 10 | (64,585) | (23,424) | |||||
| Net current | liabilities | (54,891) | (19,969) | |||||
| Total assets | less | current | liabilities | (54,891) | (19,969) | |||
| Net liabilities | excluding | pension asset | (54,891) | (19,969) | ||||
| Total net assets | (54,891) | (19,969) | ||||||
| Charity funds | ||||||||
| Restricted funds | 12 | |||||||
| Unrestricted | funds | 12 | (54,891) | (19,969) | ||||
| Total funds | (54,891) | (19,969) |
| Period | |||||||
|---|---|---|---|---|---|---|---|
| Year Ended | Ended | ||||||
| 30 | 30 | ||||||
| November | November | ||||||
| 2021 | 2020 | ||||||
| R | |||||||
| Cash flows from operating | activities | ||||||
| Net cash | used in operating |
activities | 5,927 | 1,000 | |||
| Cash flows from investing | activities | ||||||
| Net cash | provided by investing activities |
||||||
| Cash flows from financing | activities | ||||||
| Net cash | provided by financing activities |
||||||
| Change | in cash and cash | equivalents | in | the year | 5,927 | 1,000 | |
| Cash and | cash equivalents | at the beginning | ofthe year | 1,000 | |||
| Cash and cash equivalents | at the end of | the year | 6,927 | 1,000 | |||
| The notes on pages 12to 24 form part ofthese financial | statements |
| Unrestricted | Total |
|---|---|
| funds | funds |
| Year Ended | Year Ended |
| 30 | 30 |
| November | November |
| 2021f | 2021 |
| 501,029 | 501,029 |
| Unrestricted | Total |
| funds | funds |
| Period | Period |
| Ended | Ended |
| 30 | 30 |
| November | IVovember |
| 2020 | 2020 |
| 11,000 | 11,000 |
| Grants to | Total | ||||
|---|---|---|---|---|---|
| Individuals | funds | ||||
| Year Ended | Year Ended | ||||
| 30 | 30 | ||||
| November | November | ||||
| 2021 | 2021 | ||||
| Grants made | 525,259 | 525,259 | |||
| The following | grants were | made during the year: | |||
| Recipient | Amount | ||||
| The Princes Foundation | 8 25,000.00 | ||||
| UK Sailing Academy | f 50,000.00 | ||||
| Ocean Family | Foundation | 8128,748.00 | |||
| Make a Wish | Foundation | 6 30,000.00 | |||
| The Wellness | Foundation | F 54,707.00 | |||
| Taigh Mor Foundation | F 50,000.00 | ||||
| Lighthouse Project (St Tropez) |
6 43,047.00 | ||||
| The Hepworth | Wakefield | F105,755.00 | |||
| Grants under |
a materiality | threshold | off20,000 | f. 38,001.00 |
| Grants to | Total | ||
|---|---|---|---|
| Individuals | funds | ||
| Period | Period | ||
| Ended | Ended | ||
| 30 | 30 | ||
| November | November | ||
| 2020 | 2020 | ||
| Grants made | 10,000 | 10,000 | |
| The following | grants were made during the previous year:- |
| Unrestricted | Total | ||
|---|---|---|---|
| funds | funds | ||
| Year Ended | Year Ended | ||
| 30 | 30 | ||
| November | November | ||
| 2021 | 2021 | ||
| Support | costs | 10,692 | 10,692 |
| Grants | made | 525,259 | 525,259 |
| 535,951 | 535,951 | ||
| Unrestricted | Total | ||
| funds | funds | ||
| Period | Period | ||
| Ended | Ended | ||
| 30 | 30 | ||
| November | November | ||
| 2020 | 2020 | ||
| Support | costs | 20,969 | 20,969 |
| Grants | made | 10,000 | 10,000 |
| 30,969 | 30,969 |
| Grant | ||||
|---|---|---|---|---|
| funding of |
Support | Total | ||
| activities | costs | funds | ||
| Year Ended | Year Ended | Year Ended | ||
| 30 | 30 | 30 | ||
| November | November | November | ||
| 2021 | 2021 | 2021 | ||
| Support | costs | 10,692 | 10,692 | |
| Grants | made | 525,259 | 525,259 | |
| 525,259 | 10,692 | 535,951 |
| Grant | ||||
|---|---|---|---|---|
| funding ot | Support | Totai | ||
| activities | costs | funds | ||
| Period | Period | Period | ||
| Ended | Ended | Ended | ||
| 30 | 30 | 30 | ||
| November | November | November | ||
| 2020 | 2020 | 2020 | ||
| Support | costs | 20,969 | 20,969 | |
| Grants | made | 10,000 | 10,000 | |
| 10,000 | 20,969 | 30,969 |
| Total | ||
|---|---|---|
| Activities | funds | |
| Year Ended | Year Ended | |
| 30 | 30 | |
| November | November | |
| 2021 | 2021f | |
| Insurance | 2,767 | 2,767 |
| Legal fees | 4,340 | 4,340 |
| Subscriptions | 279 | 279 |
| Accountancy | 2,460 | 2,460 |
| Bank charges | 369 | 369 |
| Foreign exchange differences | 477 | 477 |
| 10,692 | 10,692 | |
| Total | ||
| Activities | funds | |
| Period | Period | |
| Ended | Ended | |
| 30 | 30 | |
| November | November | |
| 2020 | 2020 | |
| Insurance | 283 | 283 |
| Legal fees | 18,886 | 18,886 |
| Accountancy | 1,800 | 1,800 |
| 20,969 | 20,969 |
| Period | ||||||||
|---|---|---|---|---|---|---|---|---|
| Year Ended | Ended | |||||||
| 30 | 30 | |||||||
| November | November | |||||||
| 2021 | 2020 | |||||||
| R | ||||||||
| Fees payable to the Company's | independent | examiner | for the independent | |||||
| examination | ofthe Company's | annual | accounts | 1,250 | 1,050 | |||
| Fees payable to the Company's | independent | examiner | in respect of: | |||||
| All taxation advisory services not included | above | 900 | 900 |
| 2021 | 2020 | ||
|---|---|---|---|
| Due within | one year | ||
| Prepayments | and accrued income | 2,767 | 2,455 |
| 2,767 | 2,455 |
| 2021 | 2020 | ||
|---|---|---|---|
| Trade creditors | 3,667 | 5,222 | |
| Other creditors | 57,557 | 16,402 | |
| Accruals and deferred | income | 3,361 | 1,800 |
| 64,585 | 23,424 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Financial | assets | ||||
| Cash and | cash equivalents | 6,927 | 1,000 | ||
| Financial | assets measured | at amortised | cost | 2,767 | 2,455 |
| 9,694 | 3,455 | ||||
| 2021 | 2020 | ||||
| F | |||||
| Financial | liabilities | ||||
| Financial | liabilities measured | at amortised | cost | (64,585) | (23,424) |
| Statement o | ffunds - prior year | |||
|---|---|---|---|---|
| Balance at | ||||
| 30 | ||||
| November | ||||
| Income | Expenditure | 2020 | ||
| Unrestricted | funds | |||
| General Funds - all funds | 11,000 | (30,969) | (19,969) |
| Balance at | |||||
|---|---|---|---|---|---|
| Balance at 1 | 30 | ||||
| December | November | ||||
| 2020 | Income | Expenditure | 2021 | ||
| F | |||||
| General | funds | (19,969) | 501,029 | (535,951) | (54,891) |
| Balance at | ||
|---|---|---|
| 30 | ||
| November | ||
| Income | Expenditure | 2020 |
| 11,000 | (30,969) | (19,969) |
| Analysis | ofn | et ass | ets | between funds - current ye | ar | |
|---|---|---|---|---|---|---|
| Unrestricted | Total | |||||
| funds | funds | |||||
| 2021 | 2021 | |||||
| R | ||||||
| Current | assets | 9,694 | 9,694 | |||
| Creditors | due | within | one | year | (64,585) | (64,585) |
| Total | (54,891) | (54,891) |
| Period | ||||||
|---|---|---|---|---|---|---|
| Year Ended | Ended | |||||
| 2021 | 2020 | |||||
| Net expenditure for |
the year (as | per Statement | of Financial Activities) | (34,922) | (19,969) | |
| Adjustments for: |
||||||
| Increase | in debtors | (312) | (2,455) | |||
| Increase | in creditors | 41,161 | 23,424 | |||
| Net cash | provided | by operating | activities | 5,927 | 1,000 |
| 16. | Analysis ofcash and cash equivalents | ||
|---|---|---|---|
| 2021 | 2020 | ||
| Gash at bank and in hand | 6,927 | 1,000 | |
| Total cash and cash equivalents | 6,927 | 1,000 |
| At 1 | At 30 | |||||||
|---|---|---|---|---|---|---|---|---|
| December | November | |||||||
| 2020 | Cash flows | 2021 | ||||||
| Cash | at | bank | and | in | hand | 1,000 | 5,927 | 6,927 |
| 1,000 | 5,927 | 6,927 |