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2022-12-31-accounts
|
Page |
| Reference and administrative detailsofthe Company, its Trustees and advisers |
1 |
| Trustees' report |
2-9 |
| Independent auditors' report on the financial statements |
10 - 12 |
| Statementoffinancial activities |
13 |
| Balance sheet |
14 - 15 |
| Statementofcash flows |
16 |
| Notes to the financial statements |
17 -31 |
| Trustees |
A Dafoe |
|
DAmodei |
|
R Donnelly |
|
G Hadfield |
|
E Horvitz |
| Company registered |
|
| number |
13485176 |
| Charity registered |
|
| number |
1201294 |
| Registered office |
Courtenay House |
|
Pynes Hill |
|
Exeter |
|
EX2 5AZ |
| Key management |
L Hammond (Acting Executive Director) |
| personnel |
A Bradbury (Chief Operating Officer) (resigned 16 June 2023) |
| Independent auditors |
Griffin |
|
Chartered Accountants |
|
Courtenay House |
|
Pynes Hill |
|
Exeter |
|
EX2 5AZ |
| Activity |
Status(On31.1222) |
Goal(s) |
| Createour grantmakingprocess |
|
2b |
| Run a firstgrnntrnakil1ground |
fn Progiress |
2b,1b |
| Hire aChief OpeJ:atiogOlificer |
|
la |
| Hire· a secondResearchAnal:•tst |
|
la |
| HireaPeopl'e&Oper.ationsManageJ |
|
1a |
| Onboardan :in.it ialsetofadvisors |
!n Pmgress |
1b |
| Res,umeourpubliconlinesemirna.rseirie·s |
On,Hofdl |
1b,2a |
| Runa ooopernti.'•·eAI oonttest |
ln Pmgiress |
1b,.2a |
| P.un aoooperati;1,•e.A.Iworl<shop |
0111,hlokll |
1b, 2a |
| Runa.retreatJsurrmmerschool |
VnPmgiress |
1b.2a |
| Run awork.shop,on.A.Ifor iinstituti•OlflS |
InPirogiress |
1b.2a |
| Run asym,pos:rumon1:ear111,ingit.loron,peirate |
|
|
|
|
Unrestricted |
Total |
|
|
|
funds |
funds |
Total |
|
|
Period ended |
Period ended |
funds |
|
|
31December |
31December |
Yearended30 |
|
|
2022 |
2022 |
June 2022 |
|
Note |
£ |
£ |
£ |
| Income from: |
|
|
|
|
| Donations and legacies |
4 |
2,423,939 |
2,423,939 |
413,991 |
| Charitable activities |
5 |
|
|
4,734 |
| Investments |
6 |
4 |
4 |
|
| Total income |
|
2,423,943 |
2,423,943 |
418,725 |
| Expenditure on: |
|
|
|
|
| Charitable activities |
8 |
91,509 |
91,509 |
292,021 |
| Total expenditure |
|
91,509 |
91,509 |
292,021 |
| Net movementinfunds |
|
2,332,434 |
2,332,434 |
126,704 |
| Reconciliationoffunds: |
|
|
|
|
| Total funds brought forward |
|
126,704 |
126,704 |
|
| Net movementinfunds |
|
2,332,434 |
2,332,434 |
126,704 |
| Total funds carried forward |
|
2,459,138 |
2,459,138 |
126,704 |
|
|
|
31 |
|
|
|
|
|
December |
|
30June |
|
|
|
2022 |
|
2022 |
|
Note |
|
£ |
|
£ |
| Fixed assets |
|
|
|
|
|
| Tangible assets |
12 |
|
778 |
|
|
|
|
|
778 |
|
|
| Current assets |
|
|
|
|
|
| Debtors |
13 |
2,263,484 |
|
850 |
|
| Cash at bank andinhand |
|
201,436 |
|
128,175 |
|
|
|
2,464,920 |
|
129,025 |
|
| Creditors: amounts falling_due_within one |
|
|
|
|
|
| year |
14 |
(6,560) |
|
(2,321) |
|
| Net current assets |
|
|
2,458,360 |
|
126,704 |
| Total assets less current liabilities |
|
|
2,459,138 |
|
126,704 |
| Net assets excluding pension asset |
|
|
2,459,138 |
|
126,704 |
| Total net assets |
|
|
2,459,138 |
|
126,704 |
| Charity funds |
|
|
|
|
|
| Restricted funds |
|
|
|
|
|
| Unrestricted funds |
|
|
2,459,138 |
|
126,704 |
| Total funds |
|
|
2,459,138 |
|
126,704 |
|
Period |
|
|
ended31 |
Year ended |
|
December |
30June |
|
2022 |
2022 |
|
£ |
£ |
| Cash flows from operating activities |
|
|
| Net cash used in operating activities |
74,299 |
128,175 |
| Cash flows from investing activities |
|
|
| Purchaseoftangible fixed assets |
(1,038) |
|
| Net cash (used in)/providedbyinvesting activities |
(1,038) |
|
| Cash flows from financing activities |
|
|
| Net cash providedbyfinancing activities |
|
|
| Changeincash and cash equivalentsinthe period |
73,261 |
128,175 |
| Cash and cash equivalents at the beginningofthe period |
128,175 |
|
| Cash and cash equivalents at the endofthe period |
201,436 |
128,175 |
| The notes on pages 17 to31form partofthese financial statements |
|
|
|
Unrestricted |
Total |
|
funds |
funds |
|
Period |
Period |
|
ended31 |
ended31 |
|
December |
December |
|
2022 |
2022 |
|
£ |
£ |
| Grants |
2,423,939 |
2,423,939 |
|
Unrestricted |
Total |
|
funds |
funds |
|
Year ended |
Year ended |
|
30June |
30June |
|
2022 |
2022 |
|
£ |
£ |
| Grants |
413,991 |
413,991 |
| Unrestricted |
Total |
| funds |
funds |
| Year ended |
Year ended |
| 30June |
30June |
| 2022 |
2022 |
| £ |
£ |
| 4,734 |
4,734 |
| Unrestricted |
Total |
|
| funds |
funds |
Total |
| Period |
Period |
funds |
| ended31 |
ended31 |
Year ended |
| December |
December |
30 June |
| 2022 |
2022 |
2022 |
| £ |
£ |
£ |
| 4 |
4 |
|
|
Grants to |
Total |
|
Institutions |
funds |
|
Period |
Period |
|
ended31 |
ended31 |
|
December |
December |
|
2022 |
2022 |
|
£ |
£ |
| Grant disbursals |
12,750 |
12,750 |
|
Grantsto |
Total |
|
Institutions |
funds |
|
Year ended |
Year ended |
|
30June |
30 June |
|
2022 |
2022 |
|
£ |
£ |
| Grant disbursals |
241,779 |
241,779 |
|
Activities |
Grant |
|
|
|
undertaken |
fundingof |
Support |
Total |
|
directly |
activities |
costs |
funds |
|
Period |
Period |
Period |
Period |
|
ended31 |
ended31 |
ended31 |
ended31 |
|
December |
December |
December |
December |
|
2022 |
2022 |
2022 |
2022 |
|
£ |
£ |
£ |
£ |
| Charitable activities |
50,659 |
12,750 |
28,100 |
91,509 |
|
ActiVities |
Grant |
|
|
|
undertaken |
funding of |
Support |
Total |
|
directly |
actiVities |
costs |
funds |
|
Year ended |
Year ended |
Year ended |
Year ended |
|
30June |
30 June |
30June |
30June |
|
2022 |
2022 |
2022 |
2022 |
|
£ |
£ |
£ |
£ |
| Charitable activities |
46,776 |
241,779 |
3,466 |
292,021 |
|
|
Total |
|
Activities |
funds |
|
Period |
Period |
|
ended31 |
ended31 |
|
December |
December |
|
2022 |
2022 |
|
£ |
£ |
| Staff costs |
41,197 |
41,197 |
| Events |
1,622 |
1,622 |
| Grantmaking |
1,320 |
1,320 |
| Consulting |
6,520 |
6,520 |
|
50,659 |
50,659 |
|
|
Total |
|
Activities |
funds |
|
Year ended |
Year ended |
|
30June |
30June |
|
2022 |
2022 |
|
£ |
£ |
| Staff costs |
20,143 |
20,143 |
| Events |
26,010 |
26,010 |
| Grantmaking |
623 |
623 |
|
46,776 |
46,776 |
|
|
Total |
|
Activities |
funds |
|
Period |
Period |
|
ended31 |
ended31 |
|
December |
December |
|
2022 |
2022 |
|
£ |
£ |
| Depreciation |
260 |
260 |
| Recruitment costs |
8,815 |
8,815 |
| Web design |
430 |
430 |
| Advertising and marketing |
2,534 |
2,534 |
| IT costs |
3,025 |
3,025 |
| Accountancy |
3,546 |
3,546 |
| Insurance |
360 |
360 |
| (Gain)/lossofforeign transactions |
(2,161) |
(2,161) |
| Travel and subsistence |
1,130 |
1,130 |
| Entertainment |
98 |
98 |
| Governance costs |
10,063 |
10,063 |
|
28,100 |
28,100 |
|
|
Total |
|
Activities |
funds |
|
Year ended |
Year ended |
|
30June |
30June |
|
2022 |
2022 |
|
£ |
£ |
| Recruitment costs |
673 |
673 |
| Web design |
9,060 |
9,060 |
| Advertising_and_marketing |
750 |
750 |
| ITcosts |
1,271 |
1,271 |
| Accountancy |
432 |
432 |
| Insurance |
373 |
373 |
| (Gain)/lossofforeign transactions |
(11,614) |
(11,614) |
| Governance costs |
2,521 |
2,521 |
|
3,466 |
3,466 |
|
Period |
|
|
ended31 |
Year ended |
|
December |
30 June |
|
2022 |
2022 |
|
£ |
£ |
| Wages and salaries |
39,952 |
19,688 |
| Contributiontodefined contribution pension schemes |
1,245 |
455 |
|
41,197 |
20,143 |
|
Period |
|
|
ended31 |
Year ended |
|
December |
30June |
|
2022 |
2022 |
|
No. |
No. |
| Average numberofemployees |
3 |
2 |
|
Computer |
|
equipment |
|
£ |
| Costorvaluation |
|
| Additions |
1,038 |
| At31December 2022 |
1,038 |
| Depreciation |
|
| Charge for the period |
260 |
| At31December 2022 |
260 |
| Net book value |
|
| At31December 2022 |
778 |
| At30 June 2022 |
|
|
31 |
|
|
December |
30June |
|
2022 |
2022 |
|
£ |
£ |
| Due within one year |
|
|
| Other debtors |
51 |
583 |
| Prepayments and accrued income |
2,263,433 |
267 |
|
2,263,484 |
850 |
|
31 |
|
|
December |
30June |
|
2022 |
2022 |
|
£ |
£ |
| Trade creditors |
128 |
|
| Pension fund loan payable |
1,032 |
161 |
| Accruals and deferred income |
5,400 |
2,160 |
|
6,560 |
2,321 |
| Summaryoffunds•current period |
|
|
|
|
|
|
|
|
Balance at |
|
|
|
|
31 |
|
Balance at 1 |
|
|
December |
|
July 2022 |
Income |
Expenditure |
2022 |
|
£ |
£ |
£ |
£ |
| General funds |
126,704 |
2,423,943 |
(91,509) |
2,459,138 |
| Summaryoffunds- prior period |
|
|
|
|
|
|
Balance at |
|
|
30June |
| Income |
Expenditure |
2022 |
| £ |
£ |
£ |
| 418,725 |
(292,021) |
126,704 |
|
Unrestricted |
Total |
|
funds |
funds |
|
31 |
31 |
|
December |
December |
|
2022 |
2022 |
|
£ |
£ |
| Tangible fixed assets |
778 |
778 |
| Current assets |
2,464,920 |
2,464,920 |
| Creditors_due_within one year |
(6,560) |
(6,560) |
| Total |
2,459,138 |
2,459,138 |
|
Unrestricted |
Total |
|
funds |
funds |
|
30 June |
30June |
|
2022 |
2022 |
|
£ |
£ |
| Current assets |
129,025 |
129,025 |
| Creditors_due_within one year |
(2,321) |
(2,321) |
|
126,704 |
126,704 |
|
31 |
|
|
December |
30June |
|
2022 |
2022 |
|
£ |
£ |
| Net income for the period (as per StatementofFinancial Activities) |
2,332,434 |
126,704 |
| Adjustmentsfor: |
|
|
| Depreciation charges |
260 |
|
| Increaseindebtors |
(2,262,634) |
(850) |
| Increaseincreditors |
4,239 |
2,321 |
| Net cashprovidedbyoperatingactivities |
74,299 |
128,175 |
|
|
31 |
|
|
|
December |
30June |
|
|
2022 |
2022 |
|
|
£ |
£ |
| Cash |
inhand |
201,436 |
128, 175 |
| Total |
cash and cash equivalents |
201,436 |
128,175 |
|
|
|
At31 |
|
At1July |
|
December |
|
2022 |
Cashflows |
2022 |
|
|
£ |
£ |
|
£ |
|
|
| Cash at bank andinhand |
128,175 |
73,261 |
201,436 |
|
128,175 |
73,261 |
201,436 |