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|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|2|
|Independent
Examiner's Report||||
|Statement ofFinancial Activities||||
|Balance Sheet||||
|Cash Flow Statement||||
|Notes to the Cash Flow Statement||||
|Notes to the Financial Statements|8|to|13|
|Detailed Statement ofFinancial Activities||14||
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|||||||Period|
|---|---|---|---|---|---|---|
|||||||27.4.20|
||||||Year Ended|to|
||||||6.4.22|6.4.21|
||||||Unrestricted|Total|
||||||funcl|-funds- -----|
|||||Notes|||
|INCOME|AND ENDOWMENTS FROM||||||
|Donations|and legacies|||||2,005,000|
|Investment|income||||49,192|24,700|
|Total|||||49,192|2,029,700|
|EXPENDITURE ON|||||||
|Charitable|activities||||||
|Charitable|Activities||||105,356|5,000|
|Other|||||(984)|23,694|
|Total|||||104,372|28,694|
|Net gains on investments|||||62,755|220,926|
|NET INCOME|||||7,575|2,221,932|
|RECONCILIATION|||OF FUNDS||||
|Total funds|brought|forward|||2,221,932||
|TOTAL FUNDS CARRIED FORWARD|||||2,229,507|2,221,932|
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|||2022|2021|
|---|---|---|---|
|||Unrestricted|Total|
|||fllilCI|funds|
||Notes|||
|FIXEDASSETS||||
|Investments||2,160,906|2,121,293|
|CURRENT ASSETS||||
|Cash at bank||87,258|113,249|
|CREDITORS||||
|Amounts
falling due within one year|10|(18,657)|(12,610)|
|NET CURRENT ASSETS||68,601|100,639|
|TOTAL ASSETSLESSCURRENT||||
|LIABILITIES||2,229,507|2,221,932|
|NET ASSETS||2,229,507|2,221,932|
|FUNDS||||
|Unrestricted
funds||2,229,507|2,221,932|
|TOTAL FUNDS||2,229,507|2,221,932|
##
||||||Period|
|---|---|---|---|---|---|
||||||27.4.20|
|||||Year Ended|to|
|||||6.4.22|6.4.21|
||||Notes|||
|Cash flows from operating|activities|||||
|Cash generated
lrom operations||||(49,141)|2,013,616|
|Net cash (used in)/provided|by operating||activities|(49,141)|2,013,616|
|Cash flows from investing|activities|||||
|Purchase offixed asset investments
Sale offixed asset investments||||(464,776)
487,918|(2,406,777)
506,410|
|Interest received||||8||
|Net cash provided
by/(used|in) investing||activities|23,150|(1,900,367)|
|Change in cash and cash equivalents||in||||
|the reporting
period||||(25,991)|113,249|
|Cash and cash equivalents|at the|||||
|beginning
ofthe reporting|period|||113,249||
|Cash and cash equivalents|at the end|of||||
|the reporting
period||||87,258|113,249|
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||RECONCIL|IATION
OF N|ET INCOME TO NET CASH FLOW FROM O|PERATING AC|TIVITIES|
|---|---|---|---|---|---|
||||||Period|
||||||27.4.20|
|||||Year Ended|to|
|||||6.4.22|6.4.21|
||Net income|for the reporting|period (as per the Statement ofFinancial|||
||Activities)|||7,575|2,221,932|
||Adjustments|for:||||
||Gain on investments|||(62,755)|(220,926)|
||Interest received|||(8)||
||Increase in creditors|||6,047|12,610|
||Net cash (used in)/provided||by operations|(49,141)|2,013,616|
|2.|ANALYSIS|OF CHANGES|IN NET FUNDS|||
||||At 7.4.21|Cash flow|At 6.4.22|
||Net cash|||||
||Cash at bank||113,249|(25,991)|87,258|
||||113,249|(25,991)|87,258|
||Total||113,249|(25,991)|87,258|
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||||||||||Period|
|---|---|---|---|---|---|---|---|---|---|
||||||||||27.4.20|
|||||||||Year Ended|to|
|||||||||6.4.22|6.4.21|
||Investment||income|||||49,184|24,700|
||Deposit account interest|||||||8||
|||||||||49,192|24,700|
||||||||2022||2021|
||UK Dividends||||||21,216||14,373|
||Foreign Dividends|||(after Overseas||Tax)|18,859||7,558|
||UK Interest||||||5,194||2,329|
||Foreign Interest||||||||442|
||Property Income distributions||||UK||3,915|||
||||||||49,184||24,700|
|4.|CHARITABLE ACTIVITIES COSTS|||||||||
||||||||Grant|||
||||||||funding of|||
||||||||activities|Support||
||||||||(see note|costs (see||
||||||||5)|note 6)|Totals|
||Charitable||Activities||||70,000|35,356|105,356|
|5.|GRANTS||PAYABLE|||||||
||||||||||Period|
||||||||||27.4.20|
|||||||||Year Ended|to|
|||||||||6.4.22|6.4.21|
||Charitable|Activities||||||70,000|5,000|
||The total grants paid to institutions|||||during the year was as follows:||||
||||||||||Period|
||||||||||27.4.20|
|||||||||Year Ended|to|
|||||||||6.4.22|6.4.21|
||Copenhagen||Youth|Project||||50,000|5,000|
||StGile Trust|||||||5,000||
||Community||Hub|||||5,000||
||Refuge Youth|||||||2,500||
||The Exodus||Project|||||2,500||
||Up N Away|||||||2,500||
||Youth on the move|||||||2,500||
|||||||||70,000|5,000|
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|SUPPOR|T COSTS||||||||
|---|---|---|---|---|---|---|---|---|
||||Portfolio||||||
||||management|Investment|Governance||||
|||Finance|fees|Advice|costs||Totals||
|Charitable|Activities|4|12,813|11,231-—|—&1-,308-|--|35,356—--—
—|—-- ——|
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|COMPAR|ATIVES FOR THE STATEMENT OF FINANCIAL AC|TIVITIES|
|---|---|---|
|||Unrestricted|
|||fund|
|INCOME|AND ENDOWMENTS FROM||
|Donations|and legacies|2,005,000|
|Investment|income|24,700|
|Total||2,029,700|
|EXPENDITURE ON|||
|Charitable|activities||
|Charitable|Activities|5,000|
|Other||23,694|
|Total||28,694|
|Net gains on investments||220,926|
|NET INCOME||2,221,932|
|TOTAL FUNDS CARRIED FORWARD||2,221,932|
##
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|FIXEDASSETINVKSTMKNTS||
|---|---|
||Listed|
||investments|
|MARKET VALUE||
|At 7th April 2021|2,121,293|
|Additions|464,776|
|Disposals|(487,918)|
|Revaluations|62,755|
|At 6th April 2022|2,160,906|
|NET BOOKVALUE||
|At 6th April 2022|2,160,906|
|At 6th April 2021|2,121,293|
||2022|2021|
|---|---|---|
|North America|765,721|661,376|
|Europe (excluding UK)|243,657|302,577|
|Asia|35,981|56,602|
||1,045,359|1,020,555|
||||Listed|
|---|---|---|---|
||||investments|
|Valuation|in|2021|214,454|
|Valuation|in|2022|11,255|
|Cost|||1,935,197|
||||2,160,906|
##
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|2022|2021|
|---|---|
|18,657|12,610|
|10.|CREDITORS: AMOUNTS FALLING DUE|WITHIN ONE YEAR|2022|2021|
|---|---|---|---|---|
||Other creditors||18,657|12,610|
|11.|MOVEMENT IN FUNDS||||
||||Net||
||||movement|At|
|||At 7.4.21|in funds|6.4.22|
||Unrestricted
funds||||
||General fund|2,221,932|7,575|2,229,507|
||TOTAL FUNDS|2,221,932|7,575|2,229,507|
|||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|
|||resources|expended|losses|in funds|
|Unrestricted|funds|||||
|General fund||49,192|(104,372)|62,755|7,575|
|TOTAL FUNDS||49,192|(104,372)|62,755|7,575|
|||Net||
|---|---|---|---|
|||movement|At|
|||in funds|6.4.21|
|Unrestricted|funds|||
|General fund||2,221,932|2,221,932|
|TOTAL FUNDS||2,221,932|2,221,932|
|||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|
|||resources|expended|losses|in funds|
|Unrestricted|funds|||||
|General fund||2,029,700|(28,694)|220,926|2,221,932|
|TOTAL FUNDS||2,029,700|(28,694)|220,926|2,221,932|
##
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|||FOR THE YEAR ENDED 6T|H APRIL 2022||
|---|---|---|---|---|
|||||Period|
|||||27.4.20|
||||Year Ended|to|
||||6.4.22|6.4.21|
|INCOME AND ENDOWMENTS|||||
|Donations
and legacies|||||
|Donations||||2,005,000|
|Investment
income|||||
|Investment
income|||49,184|24,700|
|Deposit account interest|||8||
||||49,192|24,700|
|Total incoming resources|||49,192|2,029,700|
|EXPENDITURE|||||
|Charitable
activities|||||
|Grants to institutions|||70,000|5,000|
|Other|||||
|Exchange rate losses|||(984)|105|
|Support costs|||||
|Finance|||||
|Bank charges|||||
|Portfolio management
fees|||||
|Portfolio management|||12,813|8,778|
|Investment
Advice|||||
|Investment
advice|||11,231|7,740|
|Governance
costs|||||
|Auditors'
remuneration||||5,000|
|Accountancy
and legal fees|||11,308|2,070|
||||11,308|7,070|
|Total resources expended|||104,372|28,694|
|Net (expenditure)/income||before gains and|||
|losses|||(55,180)|2,001,006|
|Realised recognised|gains|and losses|||
|Realised gains/(losses)|on fixed asset investments||42,436|15,536|
|Unrealised
gains/loss|fixed|asset investment|20,319|205,390|
|Net income|||7,575|2,221,932|