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|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||





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||||Page|
|---|---|---|---|
|Trustees'<br>report|||1-3|
|Independent<br>examinefs||report||
|Statement ofiinancial|acfivibes|||
|Balance sheet||||
|Statement<br>ofcash flows||||
|Notes to the financial|statements||8-t2|





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|||||||||Unrestricted|
|---|---|---|---|---|---|---|---|---|
|||||||||funds|
|||||||||2021|
||||||||Notes|8|
|Igmmttfgbm;|||||||||
|Oonafions and|legacies||||||2|2,268,000|
|gaes~dgce on.|||||||||
|Charitabie<br>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.||||





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|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|



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|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)<br>on investments||||||
|||||||Unrestricted|
|||||||funds|
|||||||2021|
|||||||8|
||Revaluefion<br>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<br>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<br>measured|at fair value through||profit orloss||2,246,650|





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|10|Creditors: amounts<br>falling due within one year|Creditors: amounts<br>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<br>related|party transadicns|during the period.||
|13|Cash generated<br>from operations|||2021|
|||||2|
||Surplus forthe period|||2,322,509|
||Adjustments<br>for:||||
||Gain on disposal ofinvestments|||(6,316)|
||Fair value gains end losses on investments|||(112,334)|
||Movemenls<br>in working capital:||||
||Increase<br>in creditors|||4,140|
||Cash generated<br>froml(absorbed|by) operations||2,207,999|
|14|Analysis ofchanges<br>in net fundal(debt)||||
||The charity had no debt during the year.||||