||||Page|| |---|---|---|---|---| |Report ofthe Trustees||1|to|7| |Independent
Examiner's|Report|||| |Statement ofFinancial|Activities|||| |Balance Sheet||||| |Notes to the Financial Statements||11|to|17| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||||Period| |---|---|---|---|---|---|---|---| ||||||||22.2.21| |||||||Year ended|to| |||||||31.3.23|31.3.22| |||||Unrestricted|Restricted|Total|Total| |||||fund|fund|funds|funds| ||||Notes|f|6|f|| |INCOME AND ENDOWMENTS||FROM|||||| |Donations
and legacies|||2|50,000||50,000|203,491| |Charitable
activities|||||||| |Organisation
of networking|events|||75,000||75,000|| |Total||||125,000||125,000|203,491| |EXPENDITURE ON|||||||| |Charitable
activities|||||||| |Promoting
Art||||63,090|48,075|111,165|153,588| |NET INCOME/(EXPENDITURE)||||61,910|(48,075)|13,835|49,903| |RECONCILIATION
OF FUNDS|||||||| |Total funds brought
forward||||1,828|48,075|49,903|| |TOTAL FUNDS CARRIED|FORWARD|||63,738||63,738|49,903| ||BLESSEDFOUNDATION||| |---|---|---|---| ||BALANCE SHEET||| ||31 MARCH 2023||| |||2023|2022| ||Notes|5|| |FIXEDASSETS|||| |Tangible assets||2,251|| |CURRENT ASSETS|||| |Cash at bank||63,689|63,491| |CREDITORS|||| |Amounts
falling due within one year|10|(2,202)|(13,588)| |NET CURRENT ASSETS||61,487|49,903| |TOTAL ASSETSLESS CURRENT|||| |LIABILITIES||63,738|49,903| |NETASSETS||63,738|49,903| |FUNDS
Unrestricted
funds
Restricted funds|12|63,738|1,828
48,075| |TOTAL FUNDS||63,738|49,903| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |3.|INCOME F|RO||M|CHA|RITAB|LE A|CTIVIT|IES||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||||||||||Period| ||||||||||||||22.2.21| |||||||||||||Year ended|to| ||||||||Activity|||||31.3.23
f|31.3.22
6| ||Charitable
activity||||income||Organisation||of networking|events||75,000|| |4.|CHARITABLE|||ACTIVITIES COSTS|||||||||| |||||||||||Grant|||| |||||||||||funding|of||| |||||||||||activities||Support|| ||||||||||Direct|(see note||costs (see|| ||||||||||Costs
f|5)
6||note 6)
f|Totals
f| ||Promoting
Art||||||||26,775|80,381||4,009|111,165| |5.|GRANTS PAYABLE||||||||||||| ||||||||||||||Period| ||||||||||||||22.2.21| |||||||||||||Year ended|to| |||||||||||||31.3.23
6|31.3.22
f| ||Promoting
Art|||||||||||80,381|151,788| ||The total grants|||paid to institutions||||during|the year was as follows:||||| ||||||||||||||Period| ||||||||||||||22.2.21| |||||||||||||Year ended|to| |||||||||||||31.3.23|31.3.22| ||||||||||||||6| ||Cultrunners|Ltd||Admin||& Legal||||||26,326|17,308| ||Arabia Felix|Public|||Art|Campaign|||||||1,503| ||Ark Relmagined|||at Venice Biennale|||||||||30,948| ||Centre For The|||Less Good Idea|||||||||8,276| ||Healing
Arts|Houston||||Commission|||||||14,186| ||Healing
Arts|London||||||||||5,219|4,781| ||Hospital Rooms||||||||||||14,185| ||Pandemic as Portal|||||||||||3,490|2,331| ||Rain &Bus Shelter||||Commissions||||||||17,044| ||Sticks is Life||||||||||||4,828| ||Sudan Artist|Fund|||||||||||4,622| ||Yazidi Cultural||Archive|||||||||36,222|31,776| ||Brooklyn Museum||||Commission|||||||3,837|| ||Marketing|||||||||||5,287|| |||||||||||||80,381|151,788| ## ## ## ## ## |Governance|costs|||| |---|---|---|---|---| |||||Period| |||||22.2.21| ||||Yearended|to| ||||31.3.23|31.3.22| ||||Promoting|Total| ||||Artf|activities
6| |Accountancy|fees||534|| |Independent|examination|fees|1,800|1,800| |Legal fees|||1,675|| ||||4,009|1,800| ## ## ## |During the year no trustees were reimbursed
out ofpocket expenses.|During the year no trustees were reimbursed
out ofpocket expenses.|During the year no trustees were reimbursed
out ofpocket expenses.||| |---|---|---|---|---| |COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES||||| |||Unrestricted|Restricted|Total| |||fundf|fundf|funds
6| |INCOME AND ENDOWMENTS|FROM|||| |Donations
and legacies||3,628|199,863|203,491| |EXPENDITURE ON||||| |Charitable
activities||||| |Promoting
Art||1,800|151,788|153,588| |NET INCOME||1,828|48,075|49,903| |TOTAL FUNDS CARRIED FORWARD||1,828|48,075|49,903| ## ## ## |TANGIBLE|FIXEDAS|SE|TS|||||| |---|---|---|---|---|---|---|---|---| |||||||||Computer| |||||||||equipment| |||||||||6| |COST||||||||| |Additions||||||||2,349| |DEPRECIATION||||||||| |Charge for year||||||||98| |NET BOOK|VALUE|||||||| |At 31 March|2023|||||||2,251| |At 31 March|2022|||||||| |CREDITORS: AMOUNTS|||FALLING|DUE WITHIN|ONE|YEAR||| ||||||||2023|2022| ||||||||F|f| |Other creditors|||||||2,202|13,588| |ANALYSIS OF NET ASSETS BETWEEN FUNDS||||||||| ||||||||2023|2022| |||||Unrestricted||Restricted|Total|Total| ||||||fundf|fundf|funds
f|funds
8| |Fixed assets|||||2,251||2,251|| |Current assets||||63,689|||63,689|63,491| |Current
liabilities||||(2,202)|||(2,202)|(13,588)| |||||63,738|||63,738|49,903| |MOVEMENT|IN FUNDS|||||||| ||||||||Net|| ||||||||movement|At| |||||||At 1.4.22|in funds|31.3.23| |||||||6|8|8| |Unrestricted|funds|||||||| |General
fund||||||1,828|61,910|63,738| |Restricted funds||||||||| |The Future is Unwritten||Artist||||||| |Response
Fund||||||48,075|(48,075)|| |TOTAL FUNDS||||||49,903|13,835|63,738| ## ## ## ## ## |Net movement|in funds,|inclu|d|ed
in the above|are as follows:||| |---|---|---|---|---|---|---|---| ||||||Incoming|Resources|Movement| ||||||resources
F|expended
f|in funds
6| |Unrestricted|funds||||||| |General fund|||||125,000|(63,090)|61,910| |Restricted funds|||||||| |The Future is|Unwritten|Artist|||||| |Response
Fund||||||(48,075)|(48,075)| |TOTAL FUNDS|||||125,000|(111,165)|13,835| |Comparatives|for movement|||in funds|||| |||||||Net|| |||||||movement|At| |||||||in funds|31.3.22| |||||||6|6| |Unrestricted|funds||||||| |General fund||||||1,828|1,828| |Restricted funds|||||||| |The Future
is|Unwritten|Artist|||||| |Response
Fund||||||48,075|48,075| |TOTAL FUNDS||||||49,903|49,903| |Comparative|net movement||in|funds, included|in the above are as follows:||| ||||||Incoming|Resources|Movement| ||||||resources
f|expended
6|in funds
f| |Unrestricted|funds||||||| |General
fund|||||3,628|(1,800)|1,828| |Restricted funds|||||||| |The Future is|Unwritten|Artist|||||| |Response
Fund|||||199,863|(151,788)|48,075| |TOTAL FUNDS|||||203,491|(153,588)|49,903| ## ## ##