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||Page|
|---|---|
|Trustees' report|1 -2|
|Statement of Trustees' responsibilities|3|
|Independent auditor's report|4-6|
|Statement of financial activities|7|
|Balance sheet|8|
|Statement of cash flows|9|
|Notes to the financial statements|10-15|





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12/3/2024 



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|||**Unrestricted**|**Unrestricted**|
|---|---|---|---|
|||**funds**|**funds**|
|||**2023**|**18** **month**|
||||**period**|
||||**ended** **5**|
||||**April** **2022**|
||**Notes**|**£**|**£**|
|**Income** **from:**||||
|Donations and legacies|**2**|4,100,000|1,000,000|
|Investments|**3**|15,032||
|**Total** **income**||4,115,032|1,000,000|
|**Expenditure** **on:**||||
|Charitable activities|4|598,861|3,000|
|Net gains/(losses) on investments|**8**|(81,056)|(62,183)|
|Net **incoming** **resources**||**3,435,115**|**934,817**|
|**Other** **recognised** **gains** **and** **losses**||||
|Other gains or losses|**10**|(149,030)||
|**Net** **movement** **in** **funds**||3,286,085|934,817|
|Fund balances at 6 April 2022||934,817||
|**Fund** **balances** **at** **5** **April** **2023**||4,220,902|934,817|





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## 

|||**2023**|||**18** **month**|
|---|---|---|---|---|---|
||||||**period** **ended**|
||||||**5** **April** **2022**|
||**Notes**|**£**|**£**|**£**|**£**|
|**Fixed** **assets**||||||
|Investments|**11**||||937,817|
|**Current** **assets**||||||
|Debtors|12|4,000,000||||
|Cash at bank and in hand||263,522||||
|||4,263,522||||
|**Creditors:** **amounts** **falling** **due** **within**||||||
|**one** **year**|13|(42,620)||(3,000)||
|Net current assets/(liabilities)|||4,220,902||(3,000)|
|**Total** **assets** **less** **current** **liabilities**|||4,220,902||934,817|
|**Income** **funds**||||||
|Unrestricted funds|||4,220,902||934,817|
||||4,220,902||934,817|





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## 

||||**2023**|||**18** **month**|
|---|---|---|---|---|---|---|
|||||||**period** **ended**|
|||||||**5** **April** **2022**|
||**Notes**|**£**||**£**|**£**|**£**|
|**Cash** **flows** **from** **operating** **activities**|||||||
|Cash (absorbed by)/generated from|16||||||
|operations||||(608,271)||1,000,000|
|**Investing** **activities**|||||||
|Purchase of investments|||||(1,000,000)||
|Proceeds from disposal of investments||856,761|||||
|Investment income received||15,032|||||
|**Net** **cash** **generated** **from/(used** **in)**|||||||
|**investing** **activities**||||871,793||(1,000,000)|
|**Net** **cash** **used** **in** **financing** **activities**|||||||
|**Net** **increase** **in** **cash** **and** **cash** **equivalents**||||263,522|||
|Cash and cash equivalents at beginning of year|||||||
|**Cash** **and** **cash** **equivalents** **at** **end** **of** **year**||||**263,522**|||





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||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2023**|**18** **month**|
|||**period**|
|||**ended** **5**|
|||**April** **2022**|
||**£**|**£**|
|Donations and gifts|**100,000**||
|Legacies receivable|4,000,000|1,000,000|
||4,100,000|1,000,000|





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## 

|**3**|**Investments**|||
|---|---|---|---|
|||**Unrestricted**|**Total**|
|||**funds**||
|||**2023**|**18** **month**|
||||**period**|
||||**ended** **5**|
||||**April** **2022**|
|||**£**|**£**|
||Income from listed investments|15,032||
|**4**|**Charitable** **activities**|||
|||**2023**|**18** **month**|
||||**period**|
||||**ended** **5**|
||||**April** **2022**|
|||**£**|**£**|
||Audit fees|3,600|3,000|
||Legal fees|15,000||
||Tax preparation fees|1,020||
|||19,620|3,000|
||Grant funding of activities (see note 5)|579,241||
|||598,861|3,000|
|**5**|**Grants** **payable**|||
||||**18** **month**|
||||**period**|
||||**ended** **5**|
||||**April** **2022**|
|||**2023**||
|||£|**£**|
||Grants to institutions:|||
||Other|579,241||



## 



## **THE RDJ FOUNDATION** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2023**_ 

## **7 Employees** 

The average monthly number of employees during the year was: 

||**2023**|**18 month**|
|---|---|---|
|||**period ended**|
|||**5 April 2022**|
||**Number**|**Number**|
|Total|-|-|



There were no employees whose annual remuneration was more than £60,000. 

## **8 Net gains/(losses) on investments** 

||**Unrestricted Unrestricted**|**Unrestricted Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2023**|**18 month**|
|||**period**|
|||**ended 5**|
|||**April 2022**|
||**£**|**£**|
|Revaluation of investments|(81,056)|(60,703)|
|Gain/(loss) on sale of investments|-|(1,480)|
||(81,056)|(62,183)|



## **9 Taxation** 

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. 

## **10 Other gains or losses** 

|**Other gains or losses**|||
|---|---|---|
||**Unrestricted**|**Total**|
||**funds**||
||**2023**|**18 month**|
|||**period**|
|||**ended 5**|
|||**April 2022**|
||**£**|**£**|
|Foreign exchange (gains)/losses|149,030|-|



## **11 Fixed asset investments** 

- 13 - 



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|**11**|**Fixed** **asset** **investments**|||**(Continued)**|
|---|---|---|---|---|
|||**Investment**|**Cash** **in**|Total|
|||**portfolio**|**portfolio**||
|||£||£|
||**Cost** **or** **valuation**||||
||At 6 April 2022|911,961|25,856|937,817|
||Valuation changes|(81,056)|(25,856)|(106,912)|
||Disposals|(830,905)||(830,905)|
||At 5 April 2023||||
||**Carrying** **amount**||||
||At 05 April 2023||||
||At 05 April 2022|911,961|25,856|937,817|
|**12**|**Debtors**||||
||||**2023**|**18** **month**|
||||**period** **ended** **5**||
|||||**April** **2022**|
||**Amounts** **falling** **due** **within** **one** **year:**||£|£|
||Other debtors||4,000,000||
|**13**|**Creditors:** **amounts** **falling** **due** **within** **one** **year**||||
||||**2023**|**18** **month**|
||||**period** **ended** **5**||
|||||**April** **2022**|
||||£|£|
||Grants outstanding||20,000||
||Accruals and deferred income||22,620|3,000|
||||42,620|3,000|





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|**Analysis** **of** **net** **assets** **between** **funds**|||
|---|---|---|
||**Unrestricted**|**Unrestricted**|
||**funds**|**funds**|
||**2023**|**18** **month**|
|||**period**|
|||**ended** **5**|
|||**April** **2022**|
||**£**|**£**|
|Fund balances at 5 April 2023 are represented by:|||
|Investments||937,817|
|Current assets/(liabilities)|4,220,902|(3,000)|
||4,220,902|934,817|



## 

||There were no disclosable related party transactions during the year.|||
|---|---|---|---|
|**16**|**Cash** **generated** **from** **operations**|**2023**|**18** **month**|
|||**period** **ended** **5**||
||||**April** **2022**|
|||**£**|**£**|
||Surplus for the year|3,435,115|934,817|
||Adjustments for:|||
||Investment income recognised in statement of financial activities|(15,032)||
||Foreign exchange differences|(149,030)||
||(Gain)/loss on disposal of investments||1,480|
||Fair value gains and losses on investments|81,056|60,703|
||Movements in working capital:|||
||(Increase) in debtors|(4,000,000)||
||Increase in creditors|39,620|3,000|
||**Cash** **(absorbed** **by)/generated** **from** **operations**|(608,271)|1,000,000|
|**17**|**Analysis** **of** **changes** **in** **net** **funds/(debt)**|||
||The Foundation had no debt during the year.|||