| Trustees | JBeny | Appointed 20December 2020 | |
|---|---|---|---|
| J Heron | Appointed 20December 2020 | ||
| SFerr | Appointed 20December 2020 | ||
| Charity number | 1192938 | ||
| Prtnctpal address | 14Butley Lanes | ||
| Prestbury | |||
| Macclesfield | |||
| Cheshire | |||
| SK104HU | |||
| independent | examiner | Susanna Cassey FCA | |
| Azels | |||
| Fleet House | |||
| New Road | |||
| Lancaster | |||
| United Kingdom | |||
| LA1 1EZ | |||
| Bankers | Net%est Bank pic | ||
| 19Market Street | |||
| Manchester | |||
| M1 1WR |
| Page | |||
|---|---|---|---|
| Trustees' report |
1-3 | ||
| Independent examinefs |
report | ||
| Statement ofiinancial | acfivibes | ||
| Balance sheet | |||
| Statement ofcash flows |
|||
| Notes to the financial | statements | 8-t2 |
| Unrestricted | ||||||||
|---|---|---|---|---|---|---|---|---|
| funds | ||||||||
| 2021 | ||||||||
| Notes | 8 | |||||||
| Igmmttfgbm; | ||||||||
| Oonafions and | legacies | 2 | 2,268,000 | |||||
| gaes~dgce on. | ||||||||
| Charitabie arritviTies |
3 | 64,141 | ||||||
| Net.gains/{tosses) | on invesbnents | 1 | 118,650 | |||||
| Net movement | in | funds | 2,322,509 | |||||
| Fund balances | at30Oecember 2020 | |||||||
| Fund balanoas | at | 31.December 2021 | ||||||
| The statement | offinancial | acbvTiies includes | afi gains and losses recognised | in the period. | ||||
| All income and | expenditure | derive from continuing | activities. |
| 3 | Charitable activities | Charitable activities | |
|---|---|---|---|
| Unrestricted | |||
| funds | |||
| Bank charges | 1 | ||
| Accountancy | 1,440 | ||
| Independent | examiners fee | 2,700 | |
| 4,141 | |||
| Grant funding | ofactivities (see note 4) | 60,000 | |
| 64,141 | |||
| 4 | Grants payable |
| Unrestricted | |
|---|---|
| funds | |
| 2021 | |
| E | |
| Grants to insgtubons: | |
| Africa Amini Alsma | 20,000 |
| Masikhule | 20,000 |
| CAMFED International | 20,000 |
| 60,0QO |
| UPSIDE TRUST | UPSIDE TRUST | UPSIDE TRUST | UPSIDE TRUST | UPSIDE TRUST | UPSIDE TRUST | |
|---|---|---|---|---|---|---|
| NOTES TOTHE FINANCIAL STATE8)IENTS (CONTINUED) | ||||||
| FOR THE PERIOD ENDED 31DECEIWBER2021 | ||||||
| 6 | Employees | |||||
| The average monthly | number ofemployees | during the | period was: | |||
| 2021 | ||||||
| Number | ||||||
| Total | ||||||
| There were no employees whose annual | remuneration | was more than 860,000. | ||||
| 7 | Net gains/(losses) on investments |
|||||
| Unrestricted | ||||||
| funds | ||||||
| 2021 | ||||||
| 8 | ||||||
| Revaluefion ofinvestments |
112,334 | |||||
| Gainl(loss) onsale af | investments | 6,316 | ||||
| 118,650 | ||||||
| 8 | Fixed asset investments | |||||
| Listed | ||||||
| investments | ||||||
| 8 | ||||||
| Cost or valuation | ||||||
| At 30December 2020 | ||||||
| Addifions | 2,268,000 | |||||
| Valuation changes |
112,334 | |||||
| Disposals | D33,684) | |||||
| At31December 202'i | 2,246,650 | |||||
| Carrying amount | ||||||
| At 31 December 2021 | 2,246,650 | |||||
| 9 | Financial instruments | 2021 | ||||
| 8 | ||||||
| Carrying amount offinancial assets | ||||||
| Instruments measured |
at fair value through | profit orloss | 2,246,650 |
| 10 | Creditors: amounts falling due within one year |
Creditors: amounts falling due within one year |
||
|---|---|---|---|---|
| 2021 | ||||
| Accrusls end deferred income | 4,140 | |||
| 11 | Analysis ofnet assets between | funds | ||
| Unrestricted | ||||
| funds | ||||
| 2021 | ||||
| Fund balances at31 December 2021 are represented | by: | |||
| Investments | 2,246,650 | |||
| Current assets/(liabilities) | 75,859 | |||
| 2,322,MQ | ||||
| 12 | Related party transactions | |||
| There were no disdosabie related |
party transadicns | during the period. | ||
| 13 | Cash generated from operations |
2021 | ||
| 2 | ||||
| Surplus forthe period | 2,322,509 | |||
| Adjustments for: |
||||
| Gain on disposal ofinvestments | (6,316) | |||
| Fair value gains end losses on investments | (112,334) | |||
| Movemenls in working capital: |
||||
| Increase in creditors |
4,140 | |||
| Cash generated froml(absorbed |
by) operations | 2,207,999 | ||
| 14 | Analysis ofchanges in net fundal(debt) |
|||
| The charity had no debt during the year. |