#
##
|CONTENTS|Page|Page|
|---|---|---|
|Reference and administrative details|2 -3||
|Chairman' s statement||4|
|Reportofthe trustee|5-|14|
|Trustee' s responsibilities statement||15|
|Independent auditor's report|16-|17|
|Statement
of accounting
policies|18-|23|
|Consolidated statement offinancial activities||24|
|Foundation statement offinancial activities||25|
|Consolidated statement offinancial position||26|
|Foundation statement of financial position||27|
|Consolidated cash flow statement||28|
|Foundation
cash flow statement||29|
|Notes to the financial statements|30-|61|
##
|CORPORATE|TRUSTEE/ CUSTODIAN|TRUSTEE/ CUSTODIAN|TRUSTEE:|Albert Gubay Trustee Limited|Albert Gubay Trustee Limited|Albert Gubay Trustee Limited||
|---|---|---|---|---|---|---|---|
|||||3 Denmark Street||||
|||||Goose
Green||||
|||||Altrincham||||
|||||United Kingdom WA14 2SS||||
|DIRECTORS|OF THE CORPORATE|TRUSTEE||Alan Lloyd Gough,Chair||(Appointed on 24 March 2021)||
|||||John Brian Peers,Treasurer ( Appointed on 24 March 2021)||||
|||||Mark Jones ( Appointed|on 24 March||2021)|
|||||Nigel Stuart Machin (Appointed on|||24 March 2021)|
|||||Carmel Mary Gubay (Appointed on|||24 March 2021)|
|||||Finn Jones ( Appointed|on|24 March|202 1)|
|||||John Henry Nugent ( Appointed on 1|||January 2023)|
|EXECUTIVE|COMMITTEE:|||Jonathan
Black||||
|||||Robin
Johnson||||
|||||Lukasz
Weckwerth||||
|||||Finn Jones||||
|||||Andrew
Green||||
|||||Nigel
Stuart
Machin||||
|PRINCIPAL|ADDRESS:|||3 Denmark Street||||
|||||Goose
Green||||
|||||Altrincham||||
|||||United Kingdom
WA14 2SS||||
|INDEPENDENT AUDITOR:||||Atla Audit and Assurance||Limited||
|||||Formerly Browne Craine||Associates|Limited)|
|||||Burleigh Manor||||
|||||Peel
Road||||
|||||Douglas||||
|||||Isle of Man||||
|||||IlVi1
5EP||||
##
|BANKERS:||Barclays Bank PLC|Barclays Bank PLC|||||||
|---|---|---|---|---|---|---|---|---|---|
|||Barclays House||||||||
|||Victoria
Street||||||||
|||Douglas||||||||
|||Isle of Man||||||||
|||IM99
1AJ||||||||
|||Standard Chartered||Bank||||||
|||1 Basinghall Avenue,London||||||||
|||United
Kingdom||||||||
|||EC2V
5DD||||||||
|||Credit Suisse||||||||
|||One Cabot Square,||London||||||
|||United Kingdom||||||||
|||E14 4QJ||||||||
|SOLICITORS:||Withers
LLP||||||||
|||20 Old Bailey||||||||
|||London||||||||
|||United Kingdom||||||||
|||EC4M
7AN||||||||
|||Brabners LLP||||||||
|||55 King Street||||||||
|||Manchester||||||||
|||United
Kingdom||||||||
|||M2 4LQ||||||||
|FOUNDATION|NAME:|The Albert Gubay|Charitable||Foundation|||||
|||The Foundation was created|||by a Trust|Deed||dated|22|
|||October 2008 as|amended||by Orders||of the Isle||of|
|||Man Court
dated|20 November
2019||||and|4 March||
|||2021,
a Deed
of||Change|of Proper|Law||dated|30|
|||March 2021,a Deed of Restriction of Purposes dated||||||||
|||30 March 2021,a|Charity Commission||||Scheme dated|||
|||30 March 2021 and a Charity Commission Scheme||||||||
|||dated 4 January 2022||||||||
##
##
##
##
##
##
##
|THE ALBERT GUBAY CHARITABLE
FOUNDATION
AND ITS SUBSIDIARIES|THE ALBERT GUBAY CHARITABLE
FOUNDATION
AND ITS SUBSIDIARIES||
|---|---|---|
|REPORT|OF THE TRUSTEE
FOR THE PERIOD
ENDED
31 MARCH
2022 ( continued)||
|ACHIEVEMENTS
AND
PERFORMANCE|||
|The projects that the Foundation supports should achieve one or more ofthe following:|||
||improved
facilities
that meet modern
standards
and best practice,||
||improved
and more energy efficient
places ofworship;||
||improved mental health and wellbeing;||
||improved confidence,self-esteem,ambition and skills;||
||people moving from being homeless to entering supported accommodation and where appropriate moving on to and||
||sustaining
independent
living;||
||improved
chances
for people to access training
and employment
and more of those people entering|and sustaining|
||training and employment;||
||the development
of talent;||
||people able to live their lives or the end stages of their lives with a level of care and security that does not exacerbate||
||their level of poverty or lead them into poverty;||
||the development of drugs which will prevent cure or alleviate the symptoms of life threatening or debilitating
illnesses||
||and diseases.||
|The Trustees consider all of these aims have been achieved.The Foundation would also hope that the projects that it supports with grants|||
|may have|unexpected
benefits to the people that those projects support,and the Trustees ask Grantees to let it know if there have been||
|unexpected|additional benefits.Also,in supporting some charities to develop their services or undertake more collaborative working,the||
|Foundation|would hope that its grants will help to develop a more efficient,effective and impactful charitable sector.As a newly registered||
|charity in England and Wales,most of the projects that have received funding are in the early stages of delivery.Refer to pages 6 to 7 for|||
|the total grants awarded during the year along with the funding distribution
to the Foundation' s different priorities.|||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|Plant &
machinery|4%-|20%|
|---|---|---|
|Office
equipment|10%-|20%|
|Fixtures &
fittings -|10%-|20%|
|Motor
vehicles||20%|
|Buildings||2%|
##
##
##
##
##
##
##
##
##
##
##
||||||||For the year ended 31 March 2022|For the year ended 31 March 2022|For the year ended 31 March 2022|For the year ended 31 March 2022|For the year ended 31 March 2022|31 March|2021|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||Notes|Restricted|||Permanent||||
||||||||Income|||Endowment|Total|Total||
|Income
and endowments||from:|||||STG£|||STG£|STG£|STG£||
|||||||||||||Unaudited||
|Income
from
investments||||||1|34,|978,|503||34, 978, 503|30,|076, 288|
|Other trading activities||||||1|1,|732,|802||1, 732, 802||723, 285|
|Service
charge
income||||||1|3,|310,|610||3, 310, 610|3,|390,624|
|Insurance
income||||||1||771,|935||771, 935||710.907|
|Total incoming
resources|||||||40,|793,|850||40, 7939850|||
|Expenditure
on:||||||||||||||
|Cost of generating funds||||||2|7,
7,|701,
701,|663
663||7,701, 663|8,|044, 835|
|Charitable activities||||||4|4,|469,|596||4,469, 596|5,|834,801|
|Service charge
costs|||||||4,|806,|678||4,806, 678|3,|936, 831|
|Insurance
void costs||||||||810,|760||810, 760||940, 078|
|Foreign exchange (gains)/|losses|||||3|357, 002)||||357, 002)||844, 329|
|Loss on disposal of investment properties||||||15|||||||510.000|
|Total
costs|||||||17,|431,|695 -||17,431, 695|||
|Net gain/( loss)on investments||||||15||||70,070,677|70,070, 677|22.523. 516)||
|Net income/(
loss)before|taxation||||||23,|362,|155|70,070, 677|93,432, 832|7,733,286)||
|Taxation||||||W|5,|148,|371||5, 148, 371||63.421)|
|Net income/( loss)|||||||28,|510, 526||70,070,677|98, 581, 203|7,796,707)||
|Other
comprehensive
income/(||||loss):||||||||||
|Exchange differences
on translation of a foreign||||||subsidiary||47,517)|||47,517)||11, 312)|
|Fair value
movement of tangible||||fixed|assets|12||||500,000) (|500, 000)|||
|Net movement in funds for||the year|||||28,|463, 009||69,570,677|98,033,686 (|7,808,019)||
|Reconciliation
of funds:||||||||||||||
|Total funds
brought
forward||||||22|884,|589,746 (||351, 645, 809)|532,943, 937|540,|751, 956|
|Transfers
between
funds||||||22|404,568, 435)|||404, 568, 435 - -||||
|Designation
of investment|properties||||as forming|||||||||
|part of permanent
endowment|||funds|||||||||||
|Total funds
carried
forward||||||22|508,|484,320||122, 493,303|630,977,623|532,943,937||
|||||||For the year ended 31 March|For the year ended 31 March|2022|31 March 2021|
|---|---|---|---|---|---|---|---|---|---|
||||||Notes|Restricted|Permanent|Total|Total|
|||||||Income|Endowment|||
|Income
and endowments||from:||||STG£|STG£|STG£|STG£|
|Donations and legacies|||||1||||3, 025, 857|
|Other trading activities|||||1|223, 465||223, 465||
|Income from investments|||||1|43, 926, 331|410,368,435|454, 294, 766|3,025, 857|
|Service
charge
income|||||1|502, 565||502,565||
|Insurance
income|||||1|28, 644||28, 644||
|Total incoming resources||||||44, 681, 005|410, 368,435|455, 049, 440|6,051, 714|
|Expenditure
on:||||||||||
|Cost of generating funds|||||2|916, 502||916, 502|642,597|
|Charitable
activities|||||4|5, 202, 783||5,202, 783|5, 834, 801|
|Service
charge costs||||||543, 305||543, 305||
|Total costs||||||6,662, 590||6,662, 590|6,477, 398|
|Net gains
on investments|||||15||31, 526, 565|31, 526,565||
|Net income/( loss)before|taxation|||||38,018,415|441, 895, 000|479, 913,415|425,684)|
|Taxation|||||11|||||
|Net incoming resources|before||transfers|||389018, 415|441, 895, 000|479, 913, 415|425,684)|
|Transfers
between
funds|||||22|||||
|Other comprehensive
income:||||||||||
|Exchange differences on|translation of|||a foreign|subsidiary|||||
|Fair
value
movement
of tangible|||fixed|assets|12||500, 000)|500, 000)||
|Net movement
in funds for||the year||||38, 018, 415|441,395,000|479, 413, 415|425,684)|
|Reconciliation
of funds:||||||||||
|Total funds brought
forward|||||22|12, 147, 279||12, 147, 279|12, 572, 963|
|Total funds
carried
forward|||||22|50,165, 694|441, 395, 000|491, 560, 694|12, 147, 279|
##
##
|||||||||||||||2022|||2021|2021|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||Notes|||||STG£||STG£|||
|FIXED
ASSETS|||||||||||||||||||
|Tangible fixed assets||||||||||12||||5, 600, 000|||||
|Investment properties||||||||||15||||430, 082, 356 -|||||
|Investment
in subsidiaries||||||||||13||||105||||50|
|CURRENT
ASSETS
CURRENT
ASSETS|||||||||||||||||||
|Debtors
Debtors||||||||||17|17|||529, 982||53,
53,||120
120|
|Cash at bank||||||||||18||||59, 993, 156|12,
12,|262,
262,||081
081|
|||||||||||||||60,523, 138|12,|315,||201|
|CURRENT
LIABILITIES|||||||||||||||||||
|Creditors falling due within||one year||||||||19||||4,644, 905)||148,|738)||
|||||||||||||||4, 644, 905)||148,|738)||
|NET CURRENT
ASSETS||||||||||||||55, 878, 233|12,|166,||463|
|TOTAL
ASSETS
LESS|CURRENT||LIABILITIES|||||||||||491, 560, 694|12,|166,||513|
|CREDITORS ( Amounts falling due more than one year)|||||||||||||||||||
|Creditors falling due after more than one||||year||||||20||||||19,234)|||
|NET ASSETS||||||||||||||491,560, 694|12,|147,||279|
|THE
FUNDS
OF THE FOUNDATION|||||||||||||||||||
|Restricted
income
funds||||||||||22||||50, 165, 694|12, 147,|||279|
|Permanent
endowment
funds||||||||||22||||441, 395, 000|||||
|TOTAL
FOUNDATION||FUNDS||||||||||||491, 560, 694|12, 147,|||279|
|The statement
of accounting||policies|on pages||18 to 23 and the notes|||on pages|30|to||61 form|part|of the financial|statements.||||
|The
financial
statements|were app||ved|and|authorised|for|issue by the Trustee|||||on the ,|S`....|A|and signed|on||their|
|behalf by:|||||||||||||||||||
|Director
of the trustee|||||||||||||||||||
||t1tuartMachin||||||||||||||||||
|Director ofthe trustee------------- ----------|||||||||||||||||||
||Alan|Alan Lloyd|Gough||||||||||||||||
##
|||||||For|the period
ended|the period
ended|the period
ended||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||31 March
2022|||31 March
2021|
||||||Notes||||STG£|STG£|
|||||||||||Unaudited|
|CASH
FLOWS
FROM
OPERATING|ACTIVITIES||||||||||
|Net surplus/(expenditure)for the period|||||||93,||432, 832|7, 733, 286)|
|Depreciation &
amortisation|||||12,|16|||79, 265|99, 437|
|Movement
in fair value of investment
properties|||||15|(|70, 082, 240)|||22, 523, 516|
|Gain)/ loss on the sale offixed assets|||||||||11, 563)|510, 000|
|Revaluation gain on work in progress||||||||||1, 626,270)|
|Decrease
in debtors|||||||5,||437,309|12, 059, 058|
|Decrease
in creditors|||||||1, 574, 760)|||11, 188, 522)|
|Movement
of foreign
exchange|||||||356, 411)|||844, 329|
|Taxation||||||||||393, 495)|
|Other
non- cash
items||||||||||29,988|
|Debt write- off||||||||||1, 547, 573|
|Interest
income|||||||255, 385)||||
|NET CASH INFLOWS FROM OPERATING ACTIVITIES|||||||26,||669, 047|16, 672, 328|
|CASH
FLOWS
FROM
INVESTING
CASH
FLOWS
FROM
INVESTING|ACTIVITIES|ACTIVITIES|||||||||
|Payments to acquire investment
property|||||15||4,
224,
637)
4,
224,
637)|||1, 924, 979)|
|Payments to acquire work in progress||||||||||533, 730)|
|Payments
to acquire
tangible
fixed
assets||||||||||7, 777)|
|Payment to buy out the non controlling interest||||||||||3, 751, 266)|
|Interest received||||||||255, 385|||
|Maturity offixed deposit accounts with original||maturity greater than 3 months|||||17,||421, 846|9,567,081)|
|NET CASH INFLOWS/OUTFLOWS FROM INVESTING ACTIVITIES|||||||13,|452,594||15; 784, 833)|
|CASH FLOWS FROM FINANCING|ACTIVITIES||||||||||
|Amounts paid to related parties-||||||||||7,464,015)|
|Interest
received
Interest
received||||||||||226,
634
226,
634|
|NET CASH OUTFLOWS FROM FINANCING ACTIVITIES||||||||||7, 237, 381)|
|CHANGE IN CASH AT BANK AND|IN HAND IN THE|||PERIOD|||40,
40,||121,
641
121,
641|6,349, 886)|
|||||||For|the period||ended||
|RECONCILIATION
TO CASH AND|CASH EQUIVALENTS||||||31 March
2022|||31 March
2021|
||||||||||STG£|STG£|
|CHANGE IN CASH AT BANK AND|IN HAND IN THE PERIOD||||||40,||121, 641|6,349, 886)|
|CASH AT BANK AND IN HAND AT THE||BEGINNING||OF THE PERIOD|||108,|417, 985||114, 652, 183|
|CHANGE IN CASH AT BANK AND|IN HAND DUE TO|||EXCHANGE RATE|MOVEMENTS||||47, 515|115, 688|
|CASH
AT BANK
AND
IN HAND
AT|THE|END|OF THE PERIOD||18||148,|587, 141||108, 417, 985|
|||||||For|the period||ended||
|ANALYSIS
OF CASH AT BANK
AND
IN HAND|||||||31 March
2022|||31 March 2021|
||||||||||STG£|STG£|
|Current accounts|||||18||46,|024, 565||29,751, 482|
|Fixed deposit accounts with original maturity less than 3 months|||||18||102,||562, 576|78, 666, 185|
|Petty cash||||||||||318|
|TOTAL
CASH AT BANK
AND IN HAND|||||18||148,|587, 141||108,417,985|
##
||||||||||||||For|the period
ended|the period
ended|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||||31 March
2022||31||March
2021||||
|||||||||||||Notes|||STG£|||||STG£||
|CASH FLOWS
FROM|OPERATING||ACTIVITIES|||||||||||||||||||
|Net surplus/(expenditure)|for the period|||||||||||||479,|913, 415|||||425, 684)||
|Movement in fair value of investment properties||||||||||||15 (||31, 526, 565)||||||||
|Increase)/
decrease
in debtors||||||||||||||397, 572)||||||965,|439|
|Increase/(
decrease)
in creditors||||||||||||||4,|476, 878|||1,||072, 486)||
|Investment income -Qualifying charitable donations||||||||||||||448, 458, 444)||||||||
|Interest
income|||||||||||||||12, 469)|||||||
|NET
CASH
INFLOWS/|OUTFLOWS||FROM|OPERATING||||||ACTIVITIES||||3,|995, 243|||||532, 731)||
|CASH
FLOWS
FROM|INVESTING|ACTIVITIES||||||||||||||||||||
|Investment income -Qualifying charitable donations|||||in||cash|||||||43,|810, 719|||||||
|Development
costs/ work|in progress|||||||||||15 (|||87, 356)|||||||
|Interest
received|||||||||||||||12, 469|||||||
|NET CASH INFLOWS|FROM
INVESTING|||ACTIVITIES||||||||||43,|735, 832|||||||
|CASH
FLOWS
FROM|FINANCING||ACTIVITIES|||||||||||||||||||
|Amounts received from related parties||||||||||||||||||12, 141,|||062|
|NET
CASH
INFLOWS|FROM
FINANCING|||ACTIVITIES||||||||||||||12, 141,|||062|
|CHANGE
IN
CASH
AT
BANK
AND
CHANGE
IN
CASH
AT
BANK
AND|||IN
HAND
IN|HAND|IN|IN|THE|THE|PERIOD||PERIOD|||47,|731, 075|||11,
11,||608,
608,|331
331|
||||||||||||||For|the period ended||||||||
|RECONCILIATION
TO
RECONCILIATION|CASH
AND
TO
CASH
AND||CASH
CASH|EQUIVALENTS||||EQUIVALENTS||||||31 March
2022||31||March
2021||||
||||||||||||||||STG£
STG£|||||STG£
STG£||
|CHANGE
IN CASH
AT BANK AND|||IN HAND||IN||THE||PERIOD|||||47,|731, 075|||11, 608,|||331|
|CASH AT BANK AND|IN HAND AT||THE BEGINNING||||||OF||THE PERIOD|||12,|262, 081|||||653,|750|
|CASH AT BANKAND|IN HAND AT THE END OF THE PERIOD|||||||||||18||59,|993, 156|||12,262,|||081|
||||||||||||||For|the period
ended||||||||
|ANALYSIS
OF CASH|AT BANK
AND IN HAND|||||||||||||31 March
2022||31|31|March|2021
March
2021|||
||||||||||||||||STG£|||||STG£
STG£||
|Current
accounts||||||||||||18||36,|965, 482|||12, 262,|||081|
|Fixed deposit accounts with original maturity less than|||||||3 months|||||18|18|23,
23,|027,
674
027,
674|||||||
|TOTAL
CASH AT BANK AND IN HAND||||||||||||18||59,|993, 156|||12,262,|||081|
##
|1|ANALYSIS
OF INCOME|ANALYSIS
OF INCOME|||||||
|---|---|---|---|---|---|---|---|---|
||||||For the|period ended 31 March 2022||31 March 2021|
||||||Restricted|Permanent|||
||Group .||||Income|Endowment|Total|Total|
||||||STG£|STG£|STG£|STG£|
|||||||||Unaudited|
||Income from investments||||||||
||Rental income|from investment property|||34, 692, 098||34,692,098|29, 849,654|
||Interest
income|from short- term deposits|||286,405||286,405|226, 634|
||Other trading activities||||||||
||Market
hall,car park and other income||||1, 505,478||1, 505, 478|381, 587|
||License fees||||25,072||25,072|108,957|
||Dilapidations||||4L048||41,048|87,000|
||Miscellaneous|income|||161, 204||161, 204|145,741|
||Service charge income||||3, 310.610||3, 310, 610|3,390,624|
||Insurance income||||771.935||771, 935|710,907|
||||||40, 793, 850||40,793, 850|34,901, 104|
||Foundation||||For the period ended 31 March 2022|||31 March 2021|
||||||Restricted|Permanent|||
||||||||Total|Total|
||||||Income|Endowment|||
||||||STG£|STG£|STG£|STG£|
||Donations received|||||||3,025,857|
||Income from investments||||||||
||Rental
income|from investment|property||5,805, 301||51805, 301||
||Interest
income|from short- term deposits|||31, 022||31,022||
||Dividend
income||||38,090.008|410,368,435|448,458,443|3, 025, 857|
||Other trading
activities||||||||
||Market hall,car park and other income||||12, 067||12,067||
||License fees||||23. 348||23,348||
||Related party recharges||||181238||181, 238||
||Miscellaneous|income|||6, 812||6,812||
||Service charge income||||502, 565||502,565||
||Insurance income||||28,644||28,644||
||||||44,681, 005|410, 368, 435|455,049,440|6, 051, 714|
||Turnover,analysed|geographically|between|markets,|was as follows:||2022|2021|
||||||||Stg£|Stg£|
||Group|||||||Unaudited|
||United Kingdom||||||39,299,436|33,203, 717|
||Isle ofMan||||||137,714|305, 315|
||Republic ofIreland||||||1, 356, 700|1, 392, 072|
||||||||40,793, 850|34,901, 104|
||Foundation||||||2022|2021|
||||||||Stg£|Stg£|
||United Kingdom||||||455,049,440 -||
||Isle ofMan|||||||6,051,714|
||||||||455,049,440|6,051,714|
##
##
||||||||For the period|ended
31|ended
31||
|---|---|---|---|---|---|---|---|---|---|---|
|Group|||||||March 2022|||31 March 2021|
||||||||Restricted||||
|||||||||Total||Total|
||||||||Income||||
||||||||STG£|STG£||STG£|
|||||||||||Unaudited|
|Expenditure
on maintaining||||investment||properties|3, 020, 612|3,|020, 612|1, 780, 716|
|Landlord
costs|||||||1, 648, 311|1,|648, 311|1, 935, 899|
|Letting costs|||||||781, 237||781, 237|874,694|
|Rates|||||||557,554||557, 554|556, 423|
|Legal|costs||||||33, 510||33, 510|39,970|
|Revaluation||gain|on work||in progress|||||1, 626, 270)|
|Expenditure running investment properties|||||||4,681, 051|4,|681, 051|5, 646, 520|
|Payroll costs|||||||2,525, 704|2,|525,704|2,472, 998|
|Staff costs|||||||350, 290||350, 290|108, 681|
|Travel|costs||||||16, 247||16,247|14, 010|
|Legal|and professional|||fees|||1, 180, 069|1,|180, 069|1, 042, 757|
|Other|overheads||||||480, 602||480, 602|327, 301|
|Exceptional||costs|||||48, 875||48, 875|1, 581, 336|
|Depreciation||and|amortisation||||79, 264||79,264|99, 437|
|Other cost|ofgenerating funds|||||||||617, 599|
|Legal|and professional|||fees||||||617, 599|
||||||||7, 701, 663|7,|701, 663|8, 044, 835|
||||||||For the period|ended 31|||
|Foundation|||||||March 2022|||31 March 2021|
||||||||Restricted||||
|||||||||Total||Total|
||||||||Income||||
||||||||STG£|STG£||STG£|
|Expenditure|on maintaining|||investment||properties|294, 620||294,620||
|Landlord costs|||||||227,739||227, 739||
|Letting costs|||||||49,726||49,726||
|Rates|||||||14,449||14,449||
|Legal|costs||||||2,706||2, 706||
|Other cost|ofgenerating funds||||||621, 882||621, 882|642, 597|
|Exceptional||costs||||||||25, 000|
|Legal|and professional|||fees|||621, 882||621, 882|617, 597|
||||||||916, 502||916, 502|642, 597|
##
|3|FOREIGN|FOREIGN|EXCHANGE|EXCHANGE|EXCHANGE|GAINS|GAINS||||For the period||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||ended 31 March|||
||Group||||||||||2022|2021|
||||||||||||STG£|STG£|
|||||||||||||Unaudited|
||Foreign|exchange|||gain / ( loss)||||||357, 002 (|844, 329)|
|4|EXPENDITURE||||ON CHARITABLE|||ACTIVITIES|||||
|||||||||For the|period|ended 31 March 2022||2021|
|||||||||Grant funding|||||
||Group|||||||of activities|Support costs||Total|Total|
|||||||||STG£||STG£|
STG£|STG£|
|||||||||||||Unaudited|
||British|Church Grants ( Note|||||5,6)|969, 053||161, 461|1, 130, 514|1, 362, 914|
||Irish Church|||Grants ( Note||5,6)||766, 184||80,731|846, 915|1, 404,771|
||General|Fund||Grants ( Note|||5,6)|2,299, 388||192, 779|2,492, 167|3, 067, 116|
|||||||||4,034,625||434,971|4,469,596|5, 834,801|
|||||||||For the|period|ended
31 March
2022||2021|
|||||||||Grant funding|||||
||Foundation|||||||of activities|Support costs||Total|Total|
|||||||||STG£||STG£|
STG£|STG£|
||British|Church Grants ( Note|||||5,6)|969, 053||433,620|1, 402, 673|1, 362, 914|
||Irish Church|||Grants ( Note||5,6)||766, 184||216,810|982, 994|1, 404,771|
||General|Fund||Grants ( Note|||5,6)|2,299,388||517, 728|2,817, 116|3, 067, 116|
|||||||||4,034, 625|1,|168, 158|5,202,783|5,834,801|
|Group|Group||||||For
the
For
the|period|period|ended
31
ended
31|ended
31
ended
31|March|2022
March
2022|2022
March
2022|2022
March
2022|2021
2021|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||British||Irish|General Fund|||||||||
||||||Church|Church|Church
Church|||Grants||||Total||Total|
||||||STG£||STG£
STG£|||STG£||||STG£||STG£|
|||||||||||||||||Unaudited|
|Payroll costs|||||79,|251|39, 626|||94, 623||||213,|500|148, 166|
|Legal|and|professional||fees|71,|327|35, 664|||85, 163||||192,|154|209,714|
|Other|support||costs||10,883||5, 441|||12,
993
12,
993||||29,|317|28,495|
||||||161,|461|80,
731
80,
731|||192,779||||434,|971|386, 375|
|Foundation|Foundation||||||For
the
For
the|period|period|ended
31
ended|31|March|2022
March
2022|||2021
2021|
||||||British||Irish|General Fund|||||||||
||||||Church||Church|||Grants||||Total||Total|
||||||STG£||STG£|||STG£||||STG£||STG£|
|Payroll costs|||||79,|251|**3**9,
**6**26
39**,**
626
9
26|||94,623||||213,|500|**1**48,
**1**6**6**
148**,**
1**6**6
48|
|Legal|and|professional||fees|75,|698|37, 849|||90,382||||**2**03,
203**,**
03|**9**29
929
29|209,
714
209,
714|
|**O**ther
Other
ther|**s**upport
support
upport||**c**osts
co**s**ts
ost||**2**78,
278**,**
78|**6**71
671
71|139,335|||332,723||||750,|729|28,495|
||||||433,|620|216, 810|||517, 728||1,||168,|158|386, 375|
##
##
||||For the period ended|For the period ended||
|---|---|---|---|---|---|
||||31 March|2022|31 March 2021|
|||||STG£|STG£|
|Grants awarded|||4,034,625||5, 448,425|
|There were no grants written back during the period.All|||grants are awarded to institutions,there are no grants|||
|awarded to individuals.|An analysis of grants made by type of group funded|||is described|below:|
||||For the period ended|||
||||31 March 2022||31 March 2021|
||||Grants to||Grants to|
||||institutions||institutions|
|||||STG£|STG£|
|Irish Church Fund|||766, 184||1, 333,059|
|British
Church
Fund|||969, 053||1, 219, 492|
|General Fund|||2,299, 388||2,895, 874|
||||4,034,625||5, 448, 425|
|Grants were made to the following institutions:|||||For the period ended|
||||||31 March 2022|
|Irish Church|||||STG£|
|Diocese ofGalway Kilmacduagh &Kilfenora ( R.C. )|||||85, 456|
|Diocese of Kilmore R.|C.||||64,092|
|Franciscan Missionary|Sisters for Africa||||81, 385|
|St.Laurence
O' Toole|Catholic|Social Care T/A Crosscare|||258, 616|
|Archdiocese
of Dublin|||||118, 437|
|Roman Catholic Diocese of Clogher|||||132, 819|
|The Archdiocese
of Armagh|||||25, 379|
||||||766, 1254|
|British Church||||||
|AD of Westminster - Our Lady St Joseph Hall|||||56,400|
|Borderlands ( South West)Limited|||||39, 729|
|Caritas Diocese of Salford|||||32,876|
|Diocese of Salford -St Edmunds|||||19,000|
|Diocese ofWrexham|||||12,000|
|Out There Supporting|Families|of Prisoners|||35,500|
|Roman Catholic
Diocese of Southwark|||||50,000|
|Santa Marta Group|||||125,000|
|St Mary's University|||||19, 350|
|The Congregation
of the Little||Sisters|||48,000|
|Westminster Roman Catholic Diocese Trust|||||100,000|
|The Medaille Trust|||||281, 198|
|Diocese of Shrewsbury|-St Albans||||100,000|
|Diocese
ofArundel &|Brighton||||50,000|
||||||969, 053|
##
##
||For the period|ended|
|---|---|---|
||31 March
2022||
|General
Fund||STG£|
|Aber Morfa Mission Area||50,000|
|Access Sport CIO||21, 175|
|Action
Medical
Research||82, 560|
|Ashar Bringing Hope||37,200|
|Bone Cancer
Research
Trust||29,193|
|Bury Voluntary Community||40,000|
|Chapter (
West Cheshire)
Ltd||24,720|
|Church
Urban
Fund|172,000||
|Crossgate
Church||21, 000|
|Families
United Network||15, 000|
|Family
Care Trust||93, 500|
|Fareshare
UK (North Wales)||84, 215|
|Fareshare
Yorkshire||80,000|
|Fortalice (Family Support)||30,000|
|Fortalice Limited||38,244|
|Gilgal Birmingham||20,000|
|Groundwork
Greater
Manchester||75, 000|
|Hope for Justice||25, 000|
|Hope House
Children'
s Hospice||77,000|
|Kensington Fields Community Association||12,000|
|Mersey Counselling and Therapy Centre||32,350|
|Multiple Sclerosis Society||78,757|
|Recycling Lives||8,000|
|Yad Veachisomoch
L'Chaim -Foodbank|100, 000||
##
|Grants were made to the following institutions:|Grants were made to the following institutions:|For the period|ended|
|---|---|---|---|
|||31 March 2022||
|General Fund|||STG£|
|Broughtforward sub -total||1, 246,914||
|Salford Loaves and Fishes|||69,358|
|Sanctuary
Trust Limited|||35,000|
|Sanctuary
Trust Limited|-Oldham||31, 000|
|Sefton Women'
s &
Children's Aid|||33, 306|
|Shoreline Church|||10,000|
|St Christopher' s IOM|||47,728|
|St Mary of the Isle|||15, 000|
|Stonebridge
City Farm|||30,675|
|The Brain Tumour Charity|||141, 356|
|The Bridge Mentoring|Scheme||6,000|
|The Edge Theatre|||13, 000|
|The Hope Centre|||67, 530|
|The Living Room|||60,000|
|The Macular Disease Society|||100, 188|
|The Mustard Tree|||65, 000|
|The Oasis Centre|||18, 886|
|The Philadelphia Network|||15, 000|
|The River Manchester|||10, 000|
|The Stroke Association|||50, 000|
|Tommy' s|||19, 833|
|Versus Arthritis|||85, 729|
|Yad Veachisomoch
L'Chaim|||12,000|
|SNAPS
Yorkshire
CIO|||12, 885|
|Epilepsy Research UK|||80,000|
|Abergele Community Action|||23, 000|
|||2,299,388||
##
##
|||||||||31 March 2021|
|---|---|---|---|---|---|---|---|---|
|Irish Fund||||||||STG£|
|Diocese
of Kilmore -St Brigid' s Church,East Knockbride||||||||7,000|
|Diocese
of Elphin -
The|Cathedral
of the|Immaculate|||Conception|||17,650|
|Archdiocese
of Dublin -|St Anne' s Church|||||||17,650|
|Archdiocese
of Dublin -|St Martin
de Porres||Church|||||17,650|
|Archdiocese ofDublin -|Our Lady Immaculate New Life Centre Roof|||||||44, 100|
|Archdiocese
of Dublin -|St Agatha' s Church|||||||22,050|
|Archdiocese
of Dublin -|St Andrew' s Church|||||||13, 250|
|Archdiocese ofDublin -|Church of the Most||Holy Sacrament|||||17,650|
|Diocese ofKilmore -St Clare' s Church||||||||44, 100|
|Diocese
of Kildare & Leighlin -Cathedral||of|the|Assumption||Youth|Base|13, 250|
|Diocese ofAchonry -St|Kevin's Church,Keach|||||||17,500|
|Irish Bishops Conference||||||||445, 690|
|Diocese
of Limerick -St|Philip Neri Spiritual &|||Wellness Hub||||35, 000|
|Diocese of Cork &Ross|-Cathedral of St|Mary||&St Arm -Energy|||Hub|21, 750|
|Diocese of Killaloe -Church ofthe Immaculate||||Conception &||St Senan||44, 100|
|Diocese
of Waterford &|Lismore -St Nicholas Church|||||||13, 250|
|Archdiocese
of Tuam-New Horizons
Room||||||||43, 500|
|Diocese ofGalway -Church ofthe Nativity||||||||17,500|
|Hierarchy
General
Purposes
Trust||||||||480, 419|
|||||||||1, 333, 059|
|||||||||31 March 2021|
|British Fund||||||||STG£|
|Diocese ofLancaster -St Anne's Church||||||||15, 160|
|Archdiocese ofCardiff -|St Mary's Church,Newport|||||||8, 000|
|The Prison Advice &Care Trust ( PACT)||||||||48, 086|
|Archdiocese
ofLiverpool||||||||1, 000, 000|
|Diocese
of Portsmouth -|Gosport
Open Doors|||||||28, 603|
|Diocese ofMenevia -St|Michaels|||||||45, 643|
|Caritas Social Action Network||||||||74, 000|
|||||||||1, 219,492|
|||||||||31 March 2021|
|General Fund||||||||STG£|
|Congregation of the Sisters ofNazareth||||||||96, 000|
|Link Galway||||||||9, 000|
|Back On Track Manchester||||||||30, 000|
|The Hive||||||||25, 000|
|Diabetes UK||||||||70,744|
|Crosscare -Finglas Youth Project||||||||25, 000|
|Congregation
of the Sisters ofNazareth||||||||36, 300|
|Gateway
Action
Salford||||||||44, 600|
|Transforming Lives for Good (TLG)Ltd||||||||30,000|
|Kingsley
Hall Church &|Community
Centre|||||||20,800|
|One Knowsley||||||||24, 220|
|Liverpool Charity &Voluntary Services||||||||115, 000|
|Sub -total||||||||526,664|
##
##
|Grants
were made to the following|Grants
were made to the following|Grants
were made to the following|institutions:||
|---|---|---|---|---|
|||||31 March 2021|
|General Fund||||STG£|
|Broughtforward
sub -total||||526,664|
|St Andrew' s Community|Network|||20, 000|
|Foodcycle||||25, 000|
|Emerge 3R's||||32,300|
|Sefton Womens &Children||Aid||10,000|
|Warrington Youth Club||||15,000|
|Damdale
Belcamp
New Life||Centre||20,000|
|St Ultan' s Childcare
Project||||20,000|
|Isle of Man Foodbank||||20,000|
|Ykids||||5, 000|
|Newcastle Upon Tyne Hindu||Temple||20,000|
|Church Urban Fund||||50,000|
|The Oasis Centre||||25, 000|
|St Marys (Bramall Lane)|Community Centre|||15, 000|
|Blackburn Youth Zone||||16,000|
|MICAH Liverpool||||20, 000|
|Parkinson' s UK||||100,000|
|Target Ovarian
Cancer||||17,000|
|IOM Athletics Association||||20,000|
|CDARS||||10,000|
|Out There Supporting Families ofPrisoners||||8, 500|
|ClareCare ( Crisis Fund)||||2,675|
|The Mustard Tree (Crisis|Fund)|||26,000|
|ClareCare ( Foodbank)||||10,000|
|The Olive Branch||||10,000|
|St George' s Crypt||||15, 000|
|The Mustard Tree ( Foodbank)||||35, 000|
|Liverpool Lighthouse||||15, 800|
|Wirral Youth Zone||||6,600|
|Bradford
Inclusive
Disability||Service||4,700|
|JustLife Foundation Ltd||||9,000|
|Goodwin
Foundation||||15, 000|
|Dovecote &Princess Drive Community Association||||12,000|
|Prestatyn &Meledin Foodbank||||2,000|
|Multiple Sclerosis Society||||65, 941|
|Spinal Research||||30,692|
|Emmaus Merseyside||||50, 575|
|Salford Loaves &Fishes||||5,000|
|Transform NW||||5, 000|
|S2 Food Poverty Network||||10,000|
|Stretford Foodbank||||20,000|
|Farnworth
Baptist Church||||5, 000|
|Wythenshawe
Foodbank||||5,000|
|Archdiocese
of Liverpool|_ Hope Uni Scholarships|||30, 000|
|City Harvest||||50,000|
|Stoke on Trent Foodbank||||18, 000|
|Recycling
Lives||||14,250|
|Fareshare
Merseyside ( Food)||||46, 500|
|Fareshare
Merseyside (
Volunteers)||||15,677|
|Archdiocese
of Liverpool||||865, 000|
|St Joseph' s Hospice||||500, 000|
|||||2,895, 874|
##
|7|NET INCOME/EXPENDITURE|NET INCOME/EXPENDITURE|||||
|---|---|---|---|---|---|---|
||Net incoming|resources is stated after charging:|For the period|ended|||
||||31 March
2022||31 March|2021|
||Group|||STG£||STG£|
||||||Unaudited||
||Auditor'
s remuneration|||115, 624|117, 318||
||Depreciation|and amortisation||79, 265|||
||Foundation||||||
||Auditor' s remuneration|||18, 318|18, 318||
||Depreciation|and amortisation|||||
##
##
|Group||For the|period|ended||
|---|---|---|---|---|---|
|||31 March
2022|||31 March
2021|
|Staffcosts during the year were as follows:||||STG£|STG£|
||||||Unaudited|
|Wages|and salaries||2,|301, 305|2, 190, 031|
|Social|security costs|||252, 974|250, 251|
|Other|pension costs|||187, 618|180,232|
||||2,|741, 897|2,620, 514|
||For the period ended||
|---|---|---|
||31 March 2022|31 March 2021|
||Number|Number|
|||Unaudited|
|60, 000 - £ 69, 999|5|5|
|70, 000 - £ 79, 999|2|2|
|80, 000 - £ 89, 999|2|3|
|90, 000 - £ 99, 999|4 -||
|110, 000 - £
119, 999|1|1|
|120,000 -; E129, 999|I -||
|150,000 - £ 159, 999|2|1|
|THE|ALBERT GUBAY CHARITABLE|FOUNDATION|FOUNDATION|FOUNDATION|AND ITS SUBSIDIARIES|||||
|---|---|---|---|---|---|---|---|---|---|
|NOTES TO THE FINANCIAL STATEMENTS FOR||||THE PERIOD ENDED 31 MARCH 2022 ( continued)||||||
|11|TAXATION ON PROFIT ON ORDINARY ACTIVITIES|||||||||
||||||For the period ended||For|the period ended||
||||||31 March
2022|||31 March 2021||
||Group|||||STG£||STG£||
||Analysis
of income
tax
charge/( credit)in the period|||||||Unaudited||
||Current
year provision|||||7,955||24,|321|
||Adjustment
re prior
years (|||||4, 484)||4,|217|
|||||||3, 471||28,|538|
||Deferred tax charge|||||||||
||Movement
in current year
provision (|||||5, 151, 842)||30,|399|
||Adjustment in respect ofprior periods||-|||||4,|484|
||Current tax charge (|||||5, 148,371)||63,|421|
||The following
are the factors affecting||the current|year tax.charge.||||||
||The tax assessed for the group
for|the|year is lower than the basic rate of corporation|||tax in the UK of 19%,||the differences|are|
||explained below:|||||||||
||||||For the period
ended|||||
||||||31 March
2022|||31 March 2021||
|||||||STG£||STG£||
|||||||||Unaudited||
||Net income/(loss)before taxation|||||93,432, 832 (||7,733,286)||
||Taxation as follows:|||||||||
||Profit/( loss)on ordinary
activities|before taxation||multipl- ed by the basic||17,752, 238||1, 469, 324)||
||rate of corporation
tax in the UK of 19% ( 2021:UK||||corporation tax at a rate of 19%)|||||
||Effects
of,|||||||||
||Non taxable income|||||7,989,839)||35,995)||
||Expenses not deductible for tax purposes|||||2,274, 177||6,555,|444|
||Trading stock -profit on disposal|adjustment||||11, 144||89,|300|
||Losses carried/( utilised)forward|||||7,429)||||
||Origination/ reversal of timing differences|||||7,996,382)||||
||Taxes payable at lower rates|||||||6,259,575)||
||Taxes payable at higher rates|||||||||
||Under provision oftax in prior years|||||4,484)||4,|217|
||Change in deferred tax rates|||||636,408)||159,042)||
||Movement in unrecognised deferred tax|||||6,206, 712||239, 822)||
||Movement
in fair value of investment||properties|||7,008,731)||4,231,|270|
||Qualifying
charitable
donation unutilised|||||908, 132||||
||Qualifying
charitable
donation|||||8,354, 167)||2, 653, 052)||
||Deferred tax asset|||||303, 370)||||
||Loans written off|||||36||||
||Current year tax charge (|||||5, 148, 371)||63,|421|
##
|Foundation|2022|2021|
|---|---|---|
||STG£|STG£|
|At the start of the period|50|50|
|Additions
in year|55 -||
|At 31 March 2022|105|50|
|||||||||||||||||||||||N|N|N|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||||||||||||d||d|
|W.||u||co|n|||||||||v||||||||a||a|
|||M|||||||||||||||||||||||
|||O
41
NFe||N|W|v'i||r^
rn|||||||||||||||||
||w|u|||r|||a|||v||||||||||||||
||d|O||W|N||||||||||||||||||||
|||||||||||||||clf|||||||||||
|||M|||||||||||||||||||||||
|||||||||||||||v|||||||||||
||W||||||||||||||||||||||||
|||M|||||||||||||||||||||||
||6|L||||||o6|||M||||||||||||||
||W|||||||N|||||||||||||||||
|||M|||||||||||||||||||||||
|||M|||||||||||||||||||||||
|S|W|C||o|o|e||o|||e|||o||||e|||||||
|6|C||||||||||||||||||||||||
|L|||||||||||||||||||||||||
|QI|O||||||||||||||||||||||||
|||||GG||C||||||||C|||||||||||
||||||||||||||||||||v°||||||
|e
a|a
s|||o
v||0||R1|||0
d|||o
v||||V|c
x'||||||
||ue||||||||||||||||||||||||
|C|of||||||||||||||||||||||||
||||||Z||N . aC|L|Q|L||d|i|||Z|||N|i|||||
||xi|||O '|a7
w0 ..|O|•+|0,||a^.|Q|"|T|O||T|||||||||
||||||||||||||||||||o||||||
||||||||L|ON||||S|||L|||M|N||||||
||||||||VI|||||Vl|||V1||||||||||
||||||Cp||||||||||||||||||||
|||||||||||||||A|o|||05|||||||
||||||||||16||||||||||||||||
|||||||||||||||||||C|O|C|||||
|M||||||OO||||||||0'|2|O|D\||g||Q'||||
|ao||||zoaaxw||z|o a|u-||xm|zocaa|||zoca||||||w3|||||
|||||||cv|||||||||||||||||||
|20.
1||||xU|xV||V|warU|||F`|U||F`|U|||ZU|||||||
||||||c||||||||||||||||||||
||||||0||||||||||||||||||||
|||||||||o|||||||||||||||||
||||||||||||||Loo|v 1
W
p
wxFD||||c|9|E|o
M||||
||||R|||d|ti|•-|•-|||||G^|G^|||||||||W|W||||||||||||||||||||||||||||||vj|vj|vj||||||||M|M|||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||IMG|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|||||||N
N [|C
r|V||||||T||||||||||vii||||||||||||||||||||O|||||||||||W||||||||||O||||||||||||||||||
|||||W||L||||||||||||||||||||||||||||||||||||||n|||||||||||W||||||||||W||||||||||||||||||
|||||||roI||O||||||||||||||||||||||||||||||||||||W|||||||||||||||||||||||||||||||||||||||
|||||ro||IG .||N.i|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|||||||NF|cn||||||||||||||||||||||||||00.||||||||||||||||||||||||||||||||||||||||||||||||||
|||||R||L||O||||||||||||||||O|||||||||N|||||||||||m|||||||||||||||||||||O||||||||O||||||||||
|||||||||N|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|||||FG|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|||||||M|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
||||mL|||N|W|•-•|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|||||ea|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
||||a||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||W||||||||||
|||||k||W|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|||||||M|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
||||||||U|rn||||||||||||||||A|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|||||L||V||b||||||||||||||||W||||||||||||||||||||7|||||||||||n||||||||||||||||||||||||||||
|||||||M|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
||||C|W
4||p
9||e
O||||||e
O||||||||||e
O|||||||||e
O|||||||||||ap
O|||||||||||o
O||||||||||e
O||||||||e
O||||||||||
||||O|C||O
x|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
||||0.||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|||||a|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
||||OV|O|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|||||C|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
||||O
O|C|C|||||U|U|9
9||||t|t|||9|9||||||||7
7
L||||G||V
V
N||||9
9
Z|||||C||C|t •
O
S
L
t •
O
S
L||||||||G||G|u
N
u
N|||9
d
9
d||||G|G|N
G '
N||L
O
L||||G
G||arol
V
arol|||i
9
i|||||
|||||||||||||||||||||||||o|||||||||O"
O"|||||i-
i-||||||pW
pW|||||a
a||||||p`":
p`":||||||au
au||||p`":
p`":||||su
su||||p`"+
p`"+|||||iu|iu||||
||||||||||||||||||||||||||||||||||||||||ani||ani||||||||||||||||||||||||||||||||||||||||||
|||||||||||L||C||||L||
L||C||C||||O|||v||||0||0||||||||||||O|||G||||||||O||O|O|O|||||O||||||||O||O||||||
|||||||||||||i|||||||||||||||||||||||||||Iti|Iti||||||||||||||||||||||||||||||||||||||rOi|rOi||||
|||||||||||||||||||||||||||s|s||||||||s|s|||||||||||c
c||||||||||||||||||||s|s|||||||r
r||||||||
|||||||||||vro0||||||**oro**|||||||||||||||||||||||||||||||vro
vro|||||||||||v**roo0**
v|||||||||vro
vro||||||||vro
vro||||||||
|||||||||||||||||0EE|||0EE||||||||||||||||||||||||||||pp||||||||||||||||||||0pp
0pp||||||||||||||||
||||La
La|U
0
U
0||||C
z
C
z||U
O|U
O|0_A
q
0_A
q||C
z
C
z||U
O
U
O||||I1.
F
q
I1.
F
q||||C
M
C
M||C
Q
C
Q|||E
w
E
w|||6
3
6
3|Fi
M|.
-¢
Fi .
M -¢|L
||L||u
u||i
i|6
3
6
3||z|z||O'
O
O'
O||O
q
O
q|||||Q\
Q\|3
z
3
z|||V
o|V
o||7
7||T|T|z||ro
ro
O||C
C
q|||D\
D\|z|z|p
O
p
O|||00
05a
00|||T
T
05a||
|9||9|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|D||D|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
||||zw
zw|||||SSV|||SSV|||aSU||||aSU||||||a`
a`|||||||||SSV||||SSV|||||||wV|||||||||||aSV||||aSV||||||aSV||||||||VU||VU||||||||
|A|A||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||o||||||||||
|z.|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
||||||||||||||||||||||||||||||||||a|||||||||||a|||||||||||||||||||||||||||||||||||||||
|||||z
z|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|||||||||||||||||||||||||||E
E|||caula
caula||||65|65|s|||s|||||||||||||||||||||||||||||L|L||||ii
ii|||||||||||
|M|M||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
||g|W|N|W|1|||||||V||||||n.||||||n|n|n||||||7|7||q|N|W|.-..-.|.-..-.|'..-..-|'..-..-|||g|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||||||||||||||||||||||||||||||||||O||
|||||||||||||rn||||||T|||||||||||||||||||||||||||
||||||||||||||||||||||||||||||||||||u||||||||||
||||M|||||||||||||||||||||||||||||||||M|||||||||
|||Vi|||||||||||||||||||||||||||||||||||||||||||
|||||||||||||||||||||||||||||||||||||||n||oc||||ON|
||||u||o|||||||rn||||||o00||||||0|||||||||||a||nm•-•|||||||v|
|||F|en||||||||||||||||||||||||||||||||F|n|||||||||
|||y|N|Ey|W||||||||||||||||||||||||||||||||||||||||
||a||M||||||||||||||||||||||||||||||||a|M|||||||||
|||u||||||||||||||||||||||||||||||S2v|||||||||||||
||||M|||||||||||||||||||||||||||||||||t7|||||||||
|||||||||||||||||||N||||||||||||||M|||O|N|F|of||M|||||
|||F|w|||||||||||||||ri|||||||||||||||||F|m|||||||||
||||M|||||||||||||||||||||||||||||||||M|||||||||
||p|i|p||e|||||||e||||||e||||||e||||||||o|||||||||||||
||O|d|O||||||||||||||||||||||||||||||||||||||||||
|||dx|||||||||||||||||||||||||||||||||||||||||||
|||0|||||||||||||||||||||||||||||||||||||||||||
||o|a -|||09|||||||v|o|||||0.||||||o|||f|||||v||o|||||||||||
|||||||||||||||||||||||||||||||||||c|||||||||||
||0U||||||||||||||||||||||||||||||||||||||||||||
|||e|||||||||||||||||||||||||||||||||||||||||||
|||||||||||||||||||||||||||||||||||||||||is|m|m|is|is|
|||||||||||||||||||||||||||||||||||||||||C '|C '|C '|C '|C|
|||||||||||||||||||||||||C|C||||||||||||||||||||
||||||8|O
O||C
C|||||O C|||||8|O|O|||||||||||||||||||||||||
|||||||||||||||||||||||||||||||||||||||o||o|o|Q|o|o|
||||||||||||||||||||||||||||||||||||||V
V||||||||
|||||||||||||||||||||||||||||||||||||adzzzzzz|||||adzzzzzz||||
|||||||z|z||||||||||||a|a|||||||a|a|||||||||||||||||
|||||||||||||||||||||||||||||||||t|t||||||||||||
|||||||U|U|00||00|0`
0`|C .
C .|svCNa
0
0||N
svCNa
N||||U|U|00|00|D\
D\||||U|U|Gq|Gq|a\
a\|C|.
C .|0 `• .--
0 `• .--||||y|y||||||
||xo
xo||||zoca||||||||aw3|||aw3||zor3||
zor3||||zoca||||||||||w3|a
a||||||||||
|||||||||||||||||||||||||||||||||||||||d||d|||||
|d|zPa
m>
zPa|||||||U
0
U||||0 0
zU||||||a.
SU
0>
a.|||o
SU|||0
o
zU
0
o
zU||||||||z
z|||||||||||||
|za|fi
vU||||d`|xa|||||||||||N|o ,E
caa|||||||o||||E|||||E N|c||E
u|O||o|o
U|||o|
|15|INVESTMENT PROPERTIES|||
|---|---|---|---|
|||2022|2021|
||Group|STG£|STG£|
||||Unaudited|
||At beginning of the period|394, 087, 628|409, 568, 094|
||Additions during the period|4, 137, 281|1, 920, 819|
||Transfer
from work
in progress||6,340, 000|
||Transfer from tangible fixed assets|635, 969||
||Revaluation
of investment
properties|70, 082, 240|22, 523, 516)|
||Disposal
of properties||450, 000)|
||Development costs -work inprogress|87, 356||
||Foreign exchange movement|330, 592)|767, 769)|
||As at 31 March|468, 699, 882|394, 087, 628|
|||All
investments
are|carried|carried|at their|at their|at their|at their|market|value.Investment|properties|properties|are|subject|to|a professional|a professional|a professional|a professional|a professional|valuation|valuation|on|an|annual|annual|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||basis by Knight
Frank Chartered||||||Surveyors.||The recent appraisal||report|was|issued|on 29||July|2022|||and|the revaluation||||has|
|||beenreflected in the|financial statements for|||||||the period.|||||||||||||||||
||||||||||||||||||2022||2022||||||2021
2021||
|||Foundation
Foundation|||||||||||||||STG£
STG£||||||||STG£
STG£||
|||At beginning of the period|||||||||||||||||||||||||
|||Transfer
from
subsidiaries||||||||||||||398,|468,|435|||||||||
|||Development costs -|work||in|progress|||||||||||87,
87,|356||356|||||||
|||Revaluation
of
investment
Revaluation
of
investment|||properties||properties|||||||||31,|526,|565|||||||||
|||As
at
31
March
As
at
31
March||||||||||||||430,
430,|082,
082,|356||356|||||||
|16|16|INTANGIBLE
FIXED
INTANGIBLE|ASSETS
FIXED|||ASSETS|||||||||||||||Software|Software|development||development||
||||||||||||||||||||||||||costs
costs||
|||Group
Group|||||||||||||||||||||||STG£
STG£||
|||COST
COST|||||||||||||||||||||||||
|||As
at
1
April
2021 (
As
at
1
April
2021 (|Unaudited)|
Unaudited)||||||||||||||||||||222,
222,||015
015|
|||Additions -
Additions -|||||||||||||||||||||||||
|||As
at
31
March
2022
As
at
31
March
2022||||||||||||||||||||||222,||015|
|||AMORTISATION|||||||||||||||||||||||||
|||As at
1 April
2021 (|Unaudited)||||||||||||||||||||||97,|559|
|||Charge
for year|||||||||||||||||||||||36,|545|
|||As at 31
March
2022||||||||||||||||||||||134,||104|
|||NET BOOK VALUE
31||MARCH|||||2022||||||||||||||||87,|911|
|||NET BOOK
VALUE
31||MARCH|||||2021|||||||||||||||124,||456|
##
##
||||2022|2022||2021|
|---|---|---|---|---|---|---|
|Group|||STG£|||STG£|
||||||Unaudited||
|Trade debtors|||23,|899||1, 464|
|Prepayments|and accrued income||547,|209||377, 384|
|Other debtors||1,|276,|673|1,|919,273|
|Amounts owed by group and associated undertakings ( See note 27.2)|||404,|490||117,699|
|Savills income float||3,|266,|518|8,|379, 963|
|Taxation receivable||||||160,315|
|||5,
5,|518,
518,|789
789|10,
10,|956,
098
956,
098|
|Amounts
Amounts|owed|owed|by|by|group|group|group|and|and|associated|associated|undertakings|undertakings|are|are|interest|interest|interest|interest|interest|free,
free,|free,
free,|unsecured|unsecured|and|and|repayable
repayable|on
on|demand.
demand.||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||||||||||||||||||2022
2022|||2021||2021|
|Foundation
Foundation|||||||||||||||||||||||||||STG£
STG£|||STG£
STG£|||
|Amounts
Amounts|owed|owed|by|by|group||group|and|and|associated|associated|undertakings|(
undertakings (|See
See|||note|note||27.
27.||2)
2)|||||163,
472 -
163,
472 -||||||
|Prepayments
Prepayments||and|and|accrued||accrued||income||income|||||||||||||||||277,
255
277,
255|||53,
53,|120
120||
|Other
debtors
Other|debtors||||||||||||||||||||||||||89,
255 -
89,
255 -||||||
|18|18|CASH
CASH|AT
BANK
AT|AT
BANK
AT|AT
BANK
AT|AT
BANK
AT|AT
BANK
AT|BANK|BANK|AND|AND|AND|IN|IN|IN|HAND|HAND|||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||||||||||||||||||2022
2022|||2021
2021|
|||Group
Group||||||||||||||||||||||||||STG£
STG£|||STG£
STG£|
|||||||||||||||||||||||||||||||Unaudited
Unaudited||
|||Current
Current||accounts||accounts|||||||||||||||||||||46,
46,|024,
024,|565
565|29,
29,|751,
482
751,
482|
|||Fixed
deposit
Fixed|||deposit||accounts||accounts|||with||with||original|original|maturity|maturity|less|less|than|than|3
3|months|months|102,
102,|562,
562,|576
576|78,
78,|666,
185
666,
185|
|||Petty
cash
Petty||cash|||||||||||||||||||||||||||318
318|
||||||||||||||||||||||||||||148,
148,|587,
587,|141
141|108,
108,|417,
985
417,
985|
|||||||||||||||||||||||||||||2022
2022|||2021
2021|
|||Foundation
Foundation||||||||||||||||||||||||||STG£
STG£|||STG£
STG£|
|||Current
Current||accounts||accounts|||||||||||||||||||||36,
36,|965,
965,|482
482|12,
12,|262,
081
262,
081|
|||Fixed
deposit
Fixed|||deposit||accounts||accounts|||with||with||original|original|maturity|maturity|less|less|than|than|3
3|months|months|23,
23,|027,
027,|674 -
674 -|||
||||||||||||||||||||||||||||59,
59,|993,
993,|156
156|12,
12,|262,
081
262,
081|
##
|19|CREDITORS AMOUNTS|FALLING|FALLING|FALLING|FALLING|FALLING|FALLING|FALLING|FALLING|FALLING|DUE WITHIN|DUE WITHIN|DUE WITHIN|DUE WITHIN|DUE WITHIN|DUE WITHIN|DUE WITHIN|DUE WITHIN|DUE WITHIN|DUE WITHIN|ONE YEAR|ONE YEAR|ONE YEAR|ONE YEAR|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||||||||||||||||||2022||||||2021||
||Group||||||||||||||||||||||||||STG£||||||STG£||
||||||||||||||||||||||||||||||||Unaudited||||
||Accruals
for grants
payable (|See|Note||||||21)||||||||||||||||||824,761||||||33,|886|
||Trade creditors||||||||||||||||||||||||||317, 140||||||403,|921|
||Amounts owed to group and|associated|||||||||undertakings (See|||||||||||Note 27.3)|||||367, 437||||||389,|040|
||Accruals
and deferred
income|||||||||||||||||||||||||2,|065, 875||||2,||714,|823|
||Taxation
and social security||||||||||||||||||||||||||488, 416||||||523,|530|
||Savills
float||||||||||||||||||||||||||||||||898,|923|
||Specific provisions||||||||||||||||||||||||||300,628||||||96,848||
||Other creditors||||||||||||||||||||||||||150,783|||||1,|009,|595|
|||||||||||||||||||||||||||4,515,040|||||6,||070,|566|
||Amounts owed to group and|associated|||||||||undertakings are||||||||||interest|||free,|unsecured||and repayable||on||demand.||||
||Deferred
income
relates
to income|||||received||||||in||||advance||||for||rent.|||||||||||||
||||||||||||||||||||||||||||2022||||||2021
2021||
||The movement
on deferred
income|||||is|||as||follows:||||||||||||||||STG£||||||STG£
STG£||
||||||||||||||||||||||||||||||||Unaudited
Unaudited||||
||Balance
at the
start of the period|||||||||||||||||||||||||2, 192, 031||||||1,
1,|956,
956,|161
161|
||Deferred income released
to|income||||||during||||the|||||period||(|||||||2, 192, 031)|||||1,
1,|956,
161)
956,
161)|||
||Income deferred
at the end of the|||period||||||||||||||||||||||1,|499,943||||2,
2,||192,
192,|031
031|
||Balance
at the end of the period|||||||||||||||||||||||||1,|499, 943||||2,
2,||192,
192,|031
031|
||||||||||||||||||||||||||||2022
2022||||||2021
2021||
||Foundation
Foundation||||||||||||||||||||||||||STG£
STG£||||||STG£
STG£||
||Accruals
for grants payable (|See|Note||||||21)||||||||||||||||||824,761||||||33,
33,|886
886|
||Trade creditors||||||||||||||||||||||||||81, 495||||||||
||Accruals
and deferred
income|||||||||||||||||||||||||1,
1,|639,
507
639,
507||||||114,
114,|852
852|
||VAT
payable
VAT
payable||||||||||||||||||||||||||2,574||||||||
||Savills income float||||||||||||||||||||||||||476, 888||||||||
||Amounts owed to group and|associated|||||||||undertakings (|||||||||See||Note 27.3)||||1,|619, 680||||||||
||||||||||||||||||||||||||||T,
IVJ
T,
IVJ||||||||
||Amounts
owed
to
group
and
Amounts
owed
to
group
and|associated|||associated||||||undertakings|||||undertakings|||are
are||interest||interest|free,
free,|unsecured|unsecured|and
repayable
and|repayable|on|on|demand.
demand.||||
||Deferred
income
relates
to
income
Deferred
income
relates
to
income|||||received||||received||in||in|||advance|advance||for|for|rent.
rent.|||||||||||||
||||||||||||||||||||||||||||2022
2022||||||2021
2021||
||The
movement
on
deferred
income
The
movement
on
deferred
income|||||is|is||as|as|follows:||
follows:||||||||||||||STG£
STG£||||||STG£
STG£||
||Balance
at
the
start
of
the
period
Balance
at
the
start
of
the
period||||||||||||||||||||||||||||||||||
||Deferred
income
released
to
Deferred
income
released
to|income|income|||||during|||during|the|||the||period|period|||||||||||||||||
||Income
deferred
at
the
end
of
Income
deferred
at
the
end|the
of
the||period||||period||||||||||||||||||1,
1,|425,
192 -
425,
192 -||||||||
||Balance
at
the
end
of
the
period
Balance
at
the
end
of
the|period||||||||||||||||||||||||1,
1,|425,
192 -
425,
192 -||||||||
||N||||||vl|vl|vl|00
l|7
O|M
OM||O
00|O
00|O|O|O|O||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||O||||||||||||||||||||
|C
CC|N
L
V|y,E
U•|||||rt|||M
l|00
N|rY||l||M||M|rt||
|OO||||||||||N|VW1|N||0000||ON||N|O||
|C|||||||||||||||||||||
||M||||||||||||||||||||
||||||||||||||||||||I71M||
|||||||||||of||||||00||O|V1||
||||||||DD||||||||||||||
|L|h|F|||||||||||||||||||
|L|C||||||||||||||||||||
|s|||||||||||||||||||||
|O|||||||||||||||||||||
||||||||M
O|||N
O|O
M|M||M||N||O|V1||
|||||||||||||||O||O||M|M||
|H|||||||||||||||||||||
|2||||||||||C`00|O|00||||00||O|o||
|F|||||||||||||||||||||
|||||||||||00|rt|h|||||||||
||||||||M|||-|N|t`|||||||||
||||||||||||M|O|||||||||
||d||||||||||||||||||||
|d|||||||N|||||h|||||||||
|C|||||||||||||||||||||
|||||||||||||||W)||r-||t|00||
|||||||||||||||n||N||rt|N||
|O||F||||||||||||rt||N||V|N|11|
|x|||||||||||||||||||||
|W|||||||||||||||||||||
|||||||||||||||||o,||rro|||
|||||||||||||||llO||M||00|00||
||||||||||||||||||||cn||
|||||||||||||||||In||V7|O||
|O|N||||||N||||N|O||||000000|||||
|C|N||d||||O|||Vlvi|||||||||00||
|0.|. 0||||||M|||||||M||||O|||
|||F|||||O|||Vl||||||||01|00||
||||c||||Mr|||||M||M||||M|00||
|3|M||||||||||||||||||||
|||||ac|||||||||||||||||
|||||a
w
aw|||||||||||||||||
|||||c|||||||||||||||||
|||||3||3|5||5||||||||||||
||||||||C7|
C7||||**tip**||C7|C7||||||
|||||||||||||c|||||||||
||||||||||||O|||||||O|||
|||||||||||||||||u|||||
|||||c||||||U
U||L
L||||U|||||
|||||al|al||iV1|
iV1||||ti|ti|W|W|H|H|V
V|F|F|
|dN
O
U
N '
C|dN
O
U
N '
C||||ONO
Vl
ct|A
N
N|Ili
O
N|O
Vl
O|O
Vl
O|||n
N|om'
O|M
M|D||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||F|||||00|41|||||00|Q\|N|O||||
|G|||||||||||||||||||
|y|M||||||||||||||||||
||d||||||||||||||||||
|y •|
O||||||||||||||||||
||tw||||||N||||||||||||
|C.|y||||D|M|V1|V'|1||||||||||
||y
p4A||||rq
h|V
00|rq
l—
C|110
NIn|||||||||||
|y, (|||||||||||||||||||
|||||||||||||||||MIN||MIN|
||C||||||||||||||||||
|C •|CC||||||||||||||||||
|i|||||||||||||n
n|
o0|n||||
|O|||||||||||||||||||
||4d|||||||||||M|O|N|ND||||
|||||||||||||d•|N|01
01|lD||||
|W|||||||||||||||||||
||||||M|N|O|In|||||kn||||||
||||||110|00|C|M||||00|C1|N|O||||
||||||l|M|N|d•||||v|t|D|O||||
|d|||||00|d•|M|00||||V' 1N||N|||||
||||||||l—|10||||00|0|O|00||||
||||||M||00|M||||n|N|00|O||||
|U
N||d||||||||||O||00|d•||||
|ca||||||||||||7|N|W|N|NII|NII||
||||Ca
Ca0w||||||||||||||||
||||d|
d|||||||||||||||
|||||||||||09|09|co
co|H
H|V
V|||||
##
##
||N||||00||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||NC|++|
O|6||00
00||M
O|||||||||||||||||||||||
||N|F^|||v|a||N||||**0**0
**0**0|||**v**
v|||**0**0
**0**0|||||||||||||
|||||00|||||||||||||||||||||||||||
|||||||||||||n|||||||||||||||||||
|||||||||||||W)|||r-|||00|||||||||||O|O|
|||||||||||||||||||||t||||O|||||M|M|
|||||||d'||||t|||||||||||||||||||||
|C
E
9.|C
o||ull|I|O|O||O|||||||||||||||||||||||
|W|O
W||||kr|||N||||||||||||||I|I|||||**I**|||
||||||00|Q||00
00|||||||||||||||||||||||
||V||C|O|m||||||||||||||||||||||||||
|||4||||||||||00||00|V|
V|||||||||||||||
|||||o0|M|Oa0||N
do
Ndo||||n||||||00||00||||N|N||||||
|||||||||||||**v**|**v**||**l-**
**l-**|||**00**|||**00**||||||||||
|||||||vl|vl|n||n|||||||||||||||||||||
|||||||M|M|M|M||||||||||||||||||||||
||||||||||||||||00||00|00|00||||||||O
O||||
|||rA
rA|||||||||||||||||||||||||||||
||||||||||||||||||||||||||||C**C**
**i** **C**||||
|||||||||||||||||||||||||||**L**
**L**|**C**
**C**||||
|||||||||||||||||||||||||||**C**C
CC
C|O||||
||||||||||||||||||||||||||||**C**
C||||
||||||||||||||||||||||||||||**O**
O||||
|||||||||||||||||||||||||||**O**
**O**|**y**
**y**||||
||||||||||||||||||||||||||||O
O||||
|||||||||||||||||||||||||||r
r|||||
|||||||||||||||||||||||||||3|**C**
C||||
|||||||||||||||||||||||||||OC|C||||
|||||||||||||||||||||||||||**b**A
bA
A|**b**A
bA
A||||
|||||||||||||||||||||||||||C
C|**C**
C||||
|||||||||||||||||||||||||||ICE,
ICE,|W||||
||||||||||||||||M|||||||||||G|||CA||
||||||||||||40|||||||O|||||||||||F||
|||||||||||||||||||Cd||||||||c|c||z||
|||||||||||||0||||||cl||||||||A|A||d||
|||||||||||||||||||||||||||W|||||
||||||||||||U|C)||||||U||||||||U|U||||
##
|24|PROVISIONS|PROVISIONS|||
|---|---|---|---|---|
||||2022|2021|
||Group||STG£|STG£|
|||||Unaudited|
||Provisions|introduced at the start ofthe period|96, 848|96,848|
||Movement|in provisions|203, 780 -||
||As at 31 March||300, 628|96, 848|
##
|The Group held the|The Group held the|contingent|liabilities|liabilities||as follows:|||||
|---|---|---|---|---|---|---|---|---|---|---|
|Group|||||||||2022|2021|
||||||||||STG£|STG£|
|Contingent|liabilities|introduced|at the start of the period|||||||Unaudited|
|Undertakings|under|S 106
and S278||Town||and Country|Planning Act|1990|151, 550|328, 290|
|Payment
Guarantees||of trading|debts|for|subsidiaries /||contractors -|||50, 000|
||||||||||151, 550|378, 290|
##
|Group|Group||2022|2021|
|---|---|---|---|---|
||||STG£|STG£|
|||||Unaudited|
|Within||1 year|2, 842, 907|2, 144, 143|
|After|1|year ¬ later than 5 years|4,916, 698|8, 148, 877|
|Above||5 years|9,095,888|22, 818, 242|
||||16, 855, 493|33, 111, 262|
|Foundation|||2022|2021|
||||STG£|STG£|
|Within||1 year|1, 426, 102||
||||1, 426, 102||
##
##
##
|||During the period the group had dealings with|During the period the group had dealings with|During the period the group had dealings with|During the period the group had dealings with|During the period the group had dealings with|related party undertakings as follows:|related party undertakings as follows:||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||Total|Total||Total|
|||||||||STG£|STG£||STG£|
|||Group||||||Creditors|Debtors||Combined|
|||Opening
balance ( Unaudited)||||||389,040)|117,|699|271, 341)|
|||Movement in the year||||||21, 603|286,|791|308,394|
|||Closing balance ( Note|27.2 &|27.3)||||367,437)|404,|490|37,053|
|||Foundation||||||||||
|||Opening
balance||||||||||
|||Movement in the year||||||1, 619,680)|163,|472 (|1, 456, 208)|
|||Closing
balance (Note|27.2 &|27.3)||||1, 619, 680)|163,|472 (|1, 456, 208)|
|27.|2|Balances
with
related|parties|||||||||
|||Debtors -amounts
falling due within||||one year:||||||
||||||||||2022||2021
2021|
|||Group|||||||STG£
STG£||STG£
STG£|
||||||||||||Unaudited
Unaudited|
|||Alvanley
Limited|||||||1,
1,|805
805|1,
805
1,
805|
|||Hafod Management
Services
Company||||Limited|||10,|624|12,
805
12,
805|
|||Mount Murray Homes|Limited||||||29,
29,|328
328|26,
240
26,
240|
|||College
Farm Management
Company|||Limited|||||13||
|||The Mallards Management
Company Limited|||||||2,|069|1,
689
1,
689|
|||The Santon Private Trust Company Limited|||||||355,|638|69,867|
|||The Old Foundry Management||Services||Company Limited|||5,|013|5, 293|
||||||||||404,|490|117,699|
|||The above balances are interest free,unsecured|||||and repayable|on demand.||||
||||||||||2022||2021|
|||Foundation|||||||STG£||STG£|
|||Derwent
Management|Limited||||||147,|332||
|||AGF Brandon Limited||||||||380||
|||Anglo International Upholland Limited|||||||15,|760||
||||||||||163,|472||
##
##
||||2022|2021|
|---|---|---|---|---|
||||STG£|STG£|
|Group||||Unaudited|
|Amounts owing to spouse|of the late Mr Gubay -|||18, 188|
|Deposit liabilities for estate ofMr Gubay ( former director||and|367,437|370, 852|
|beneficial owner)|||||
||||367, 437|389, 040|
||||2022|2022|2021|
|---|---|---|---|---|---|
||||STG£||STG£|
|Foundation||||||
|Derwent
Development
Management|Limited||44,|225||
|Derwent Estates Limited|||25,|546||
|Derwent
Holdings
Limited||1,|485,|092||
|Albert Gubay Charitable Foundation|No.2|||50||
|Cashtal Properties Limited|||32,|500 -||
|Derwent Group Holdings Limited|||32,|267 -||
|||1,
1,|619,
619,|680
680||
##
##
##
||||2022|2021|
|---|---|---|---|---|
||||STG£|STG£|
|British Church Fund|||2,324, 820||
|Irish Church Fund|||273, 929||
|General Fund|||3, 980, 523||
|Total further grants subject to certain conditions|||6,579, 272||
|British Church Fund|||||
|Due in 2022:|||||
|Santa Marta Group||||125,000|
|Santa Marta Group||||125, 000|
|Caritas
Salford -Bury|Red Door|||56,037|
|Archdiocese ofBirmingham -St Elizabeth's Community Hall||||100,000|
|Santa Marta Group||||125, 000|
|Borderlands||||40,844|
|Out There Supporting|Families|ofPrisoners||35, 500|
|AD of Westminster - Caritas Bakhita House||||100,000|
|||||707, 381|
|Due in 2023:|||||
|Archdiocese ofBirmingham -St Elizabeth's Community Hall||||100,000|
|Santa Marta Group||||125,000|
|Caritas
Salford -Bury|Red Door|||59, 103|
|Archdiocese ofBirmingham -St Elizabeth's Community Hall||||100,000|
|Santa Marta Group||||125, 000|
|Santa Marta Group||||125,000|
|Caritas Salford -Bury Red Door||||59, 102|
|Santa Marta Group||||125, 000|
|Borderlands||||41, 981|
|Out There Supporting|Families|of Prisoners||35, 500|
|AD of Westminster - Caritas Bakhita House||||100,000|
|||||995,686|
|Due in 2024:|||||
|Santa Marta Group||||125, 000|
|Caritas Salford -Bury Red Door||||60, 877|
|Santa Marta Group||||125, 000|
|Santa Marta Group||||125, 000|
|Caritas Salford -Bury Red Door||||60,876|
|Santa Marta Group||||125, 000|
|||||621, 753|
##
##
|Irish Church Fund||
|---|---|
|Due in 2022:||
|Crosscare -Migrants|42,833|
|Due in 2023:||
|Crosscare -Migrants|42, 833|
|Crosscare -
Mental Health Support|72,715|
||115, 548|
|Due in 2024:||
|Crosscare -Migrants|42, 833|
|Crosscare -Mental Health Support|72,715|
||115, 548|
|General Fund||
|Due in 2022:||
|Fareshare UK (North Wales)|59,963|
|The Stroke Association|31, 177|
|Crossgate Church ( Landmark)|110,000|
|The Stroke Association|50,000|
|Crossgate
Church ( Landmark)|110,000|
|Sanctuary Trust Limited -Oldham &Rochdale|23, 400|
|Family Care Trust|93, 500|
|Access Sport|21, 175|
|Families United Network|15,000|
|Multiple Sclerosis Society (Octopus Trials Platform)|78,757|
|Salford Loaves &Fishes|70,530|
|St Christophers Fellowship IOM|52, 175|
|Stonebridge City Farm|46,910|
|Versus Arthritis|43,200|
|Gilgal Birmingham|20,000|
||825, 787|
##
##
|General
Fund||||
|---|---|---|---|
|Due in 2023:||||
|Salford CVS|||750,000|
|Hope for Justice|||25,000|
|Chapter West Cheshire|||25,215|
|ASHAR|||25,000|
|Family Care Trust|||93, 500|
|Mersey
Counselling &
Therapy|Service||33,320|
|Sefton Women &Childrens Aid|||33, 106|
|The Brain Tumour Charity (SRC)|||83,333|
|The Stroke Association|||33, 666|
|Epilepsy
Research
UK|||35,000|
|The Macular
Disease
Society|||33,912|
|Community Little Hulton|||82,365|
|Abergele
Community
Action|||63,000|
|The Living Room|||60,000|
|Fareshare UK (North Wales)|||88,822|
|Multiple
Sclerosis
Society ( Octopus||Trials Platform)|78,757|
|Family Care Trust|||93,500|
|The Stroke Association|||50,000|
|Sanctuary
Trust Limited -Oldham &||Rochdale|23, 400|
|Multiple Sclerosis Society (Octopus||Trials Platform)|78,757|
|Access Sport|||21, 175|
|Families United Network|||15,000|
|Salford Loaves &
Fishes|||71, 940|
|St Christophers
Fellowship
IOM|||78, 932|
|Stonebridge
City Farm|||67,490|
|Gilgal Birmingham|||20, 000|
|SNAPS|||13, 276|
|Timperley Amateur Boxing Club|||60, 000|
|Fareshare UK (Merseyside)|||66,000|
|Rhyl Little Theatre|||30, 000|
||||2,233, 466|
##
##
##
|Due in 2024:|||||
|---|---|---|---|---|
|Hope for Justice||||25, 000|
|Multiple
Sclerosis|Society ( Octopus||Trials Platform)|78,757|
|Chapter West Cheshire||||25,715|
|ASHAR||||15,600|
|Mersey Counselling &
Therapy||Service||34,330|
|Sefton Women &Children Aid||||32,906|
|The Brain Tumour|Charity ( SRC)|||83, 334|
|The Stroke Association||||34, 131|
|Epilepsy
Research|UK|||35, 000|
|Abergele Community Action||||39,000|
|Parents
Against
Child Exploitation (|||PACE)|49,740|
|The Living Room||||60,000|
|Multiple Sclerosis|Society (Octopus||Trials Platform)|78,757|
|Multiple Sclerosis|Society (Octopus||Trials Platform)|78, 972|
|SNAPS||||13, 542|
|||||684, 784|
|Due in 2025:|||||
|Multiple Sclerosis|Society|||78, 972|
|Multiple
Sclerosis|Society (Octopus||Trials Platform)|78,757|
|||||157,729|
|Due in 2026:|||||
|Multiple
Sclerosis|Society (Octopus||Trials Platform)|78,757|
##
##
##
##
|THE ALBERT GUBAY CHARITABLE FOUNDATION AND ITS SUBSIDIARIES||
|---|---|
|INDEPENDENT
AUDITOR'
S REPORT
TO THE TRUSTEE
OF THE ALBERT
GUBAY
CHARITABLE
FOUNDATION||
|continued)||
|Auditor's responsibilities for the audit of the financial statements||
|We have been appointed as auditor under the Charities Act 2011 as amendedby the Charities (Protection and Social Investment)Act 2016 and||
|report in accordance
with the Acts and relevant
laws and regulations
made or having
effect thereunder.||
|Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement,||
|whether due to fraud or error,and to issue an auditor' s report that includes our opinion.Reasonable assurance is a high level ofassurance,|but|
|is not
a guarantee
that
an audit
conducted
in accordance
with ISAs ( UK)will
always
detect
a material
misstatement
when it exists.||
|Misstatements can arise from fraud or error and are considered material it;individually or in the aggregate,they could reasonably be expected||
|to influence
the economic
decisions
of users
taken
on the basis
of these
financial
statements.||
|Irregularities,
including
fraud,are
instances
of non- compliance
with
laws
and
regulations.
We
design
procedures
in line
with|our|
|responsibilities,outlined above,to detect material misstatements in respect ofirregularities,including fraud.The extent to which our procedures||
|are capable ofdetecting irregularities,including fraud is detailed below:||
|We obtained an understanding
of the legal and regulatory
frameworks
that are applicable to the Group and Foundation
and determined||
|that the
most significant
are those
in relation
to FRS
102 ` The Financial
Reporting
Standard
applicable
in the UK
and Republic
of Ireland'||
|United Kingdomgenerally Accepted Accounting Practice)and the following legislation applicableto charities for both England and Wales:||
|The Charities
Act 2011
as amended
by the Charities (
Protection
and Social
Investment)
Act 2016;and||
|The Charities (
Accounts
and Reports)
Regulations
2008||
|We assessed the susceptibility ofthe Group' s and Foundation' s accounts to material misstatement,including how fraud might occur|by|
|performinginquiryofmanagementabout the risks offraudand the controls inplace to address these risks.||
|We understood how the Group and Foundation is complying with those frameworks by performing inquiry ofmanagement and of those||
|charged with governance over the policies in place to ensure compliance and any instances ofnon-compliance identified.We corroborated|our|
|enquiries by reviewing supporting documentation including board minutes.||
|We considered
the opportunities
for non-compliance with the key laws and regulations
affecting the Foundation
and enquired with||
|management regarding known or suspected instances ofnon-compliance.||
|We agreed
the financial
statements
disclosures
to underlying
supporting
documentation.||
|We reviewed the Trustee minutes to conclude whether there has been any activity in the Foundation
which is required to be disclosed||
|under this legislation as well as designing tests to ensure the financial statements include all the necessary disclosures required by legislation.||
|Report on other legal and regulatory requirements||
|Matters
on which we are required
to report
by exception||
|Underthe Charities (Accounts and Reports)Regulations 2008 we are requiredto report in respectofthe following matters it;in ouropinion:||
|the information
given in the financial
statements
is inconsistent
in any material
respect
with the trustee'
s report;or||
|sufficient
and proper
accounting
records
have not been kept by the Foundation;
or||
|the parent charity financial statements are not in agreement with the accounting records and returns;or||
|we have not received all the information and explanations we require for our audit.||
|We have nothing to report in respect ofthese matters.||
|A further description ofour responsibilities
for the audit of the financial statements
is located on the Financial Reporting Council' s website at||
|http://www.frc.org.uk/auditorsresponsibilities.
This description
forms part ofour auditor' s report.||