2024-12-31-accounts - Future Scope Charitable Trust

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`Trustsummary`
`Trustees’certificateandTrustees’report`
`Independentauditor'sreport`
`Statementoffinancialactivities`
`Balancesheet`
`Cashflowstatement`	`13` `-14`
`Notestothefinancialstatements`	`15-19`

`Dateofsettlement`	`25August2022`
`Settlor`	`NormanVincentParry`
`Trustees`	`NormanVincentParry`
	`AndrewMorrisJenkins`
	`WilliamThomasParry`
`Mainterms`	`Thisisa charitablesettlementforthebenefitforortosuch`
	`charitableobject,purpose,institutionsorsocietiesastheTrustees`
	`mayintheirdiscretionthinkfitwithnodefinedbeneficialarea.`
`Registeredaddress`	`WansboroughsLLP`
	`NorthgateHouse`
	`Devizes`
	`Wiltshire`
	`SN101JX`

28/07/25

			`Total`	`Total`
	`Income`	`Capital`	`2024`	`2023`
	`£`	`£`	`£`	`£`
`Income:`
`Donations`	`4,761,339`	`-`	`4,761,339`	`4,000,000`
`Investmentincome`	`638`	`-`	`638`	`-`
`Totalincomingresources`	`4,761,977`	`-`	`4,761,977`	`4,000,000`
`Expenditure:`
`Expenditureoncharitableactivities`	`(130,000)`	`-`	`(130,000)`	`-`
`Otherexpenditure:`
`Managementandadministrationof`
`thecharity`	`(28,750)`	`(21,416)`	`(50,166)`	`(30,429)`
`Totalexpenditure`	`(158,750)`	`(21,416)`	`(180,166)`	`(30,429)`
`Netincomefortheyearbefore`
`gainsandlossesoninvestments`	`4,603,227`	`(21,416)`	`4,581,811`	`3,969,571`
`Netgains/(losses)oninvestments`	`-`	`414,259`	`414,259`	`-`
`Netincome/(expenditure)forthe`
`year`	`4,603,227`	`392,843`	`4,996,070`	`3,969,571`
`Transfersbetweenfunds`	`(8,566,238)`	`8,566,238`	`-`	`-`
`Netmovementinfunds`	`(3,963,011)`	`8,959,081`	`4,996,070`	`3,969,571`
`Balancesbroughtforwardat31`
`December2023`	`3,969,571`	`-`	`3,969,571`	`-`
`Balancescarriedforwardat31`
`December2024`	`6,560`	`8,959,081`	`8,965,641`	`3,969,571`

	`TotalFunds`	`TotalFunds`
	`2024`	`2023`
	`£`	`£`
`Cashflowsfromoperatingactivities`
`Netcash(usedin)operations`	`8,727,293`	`(5)`
`Cashflowsfrominvestingactivities`
`Purchaseofinvestments`	`(8,699,500)`	`-`
`Proceedsfromdisposalofinvestments`	`133,262`	`-`
`Net cash(usedin)investing`	`(8,566,238)`	`-`
`Cashflowsfromfinancingactivities`
`Investment income`	`638`	`-`
`Net cash(usedin)financing`	`638`	`-`
`Net(decrease)/increaseincashandcashequivalents`	`161,693`	`(5)`
`Cashandcashequivalentsatbeginningofperiod`	`(5)`
`Cashandcashequivalentsatendofperiod`	`161,688`	`(5)`
`Reconciliationofnetincometonetcash flowfromoperating`	`activities`
	`2024`	`2023`
	`E`	`£`
`NetIncomeperstatementoffinancialactivities`	`4,996,070`	`3,969,571`
`Adjustmentsfor:`
`(Gains)oninvestments`	`(414,259)`	`-`
`Investmentmanagementcosts`	`21,416`	`-`
`Investmentincome`	`(638)`	`-`
`Decrease/(increase)indebtors`	`4,000,000`	`(4,000,000)`
`Increaseincreditors`	`124,704`	`30,424`
`Netcashusedinoperations`	`8,727,293`	`(5)`
`Analysisofcashandcashequivalents`
`Bankoverdraft`	`-`	`(5)`
`Cashinhand`	`161,688`	`-`
`Totalcashandcashequivalents`	`161,688`	`(5)`

`2`	`Income`			`2024`	`2024`		`2023`
					`£`		`E`
	`Incomefromdonations`			`4,761,339`		`4,000,000`
				`4,761,339`		`4,000,000`
`3.`	`Charitableactivities`	`Income`	`Capital`	`2024`			`2023`
		`£`	`£`		`£`		`£`
	`Grantspayable`	`130,000`	`-`	`130,000`			`:`
		`130,000`	`-`	`130,000`			`-`
	`Allgrantspayablewerepaidtoinstitutions.Inaccordancewiththeprovisionsof`				`FRS`	`102andthe`
	`CharitiesSORP(FRS102),thecharityhastakentheavailableexemption`			`fromdetailed`		`grant`
	`disclosures.Aspermitted,individualgrant`	`incomehasnotbeenseparatelydisclosedwhere`					`such`
	`disclosureisnotconsideredmaterialtotheunderstandingofthefinancialstatements.`
`4`	`Otherexpenditure`	`Income`	`Capital`	`2024`			`2023`
		`£`	`£`		`£`		`£`
	`Auditandaccountancyfees`	`15,580`	`-`	`15,580`			`9,500`
	`Legalandprofessionalfees`	`13,080`	`-`	`13,080`		`20,924`
	`Bankcharges`	`90`	`-`	`90`			`5`
	`Investmentmanagementcosts`	`-`	`21,416`	`21,416`			`-`
		`28,750`	`21,416`	`50,166`		`30,429`

`Investments`	`Income`	`Capital`	`2024`	`2023`
	`£`	`£`	`£`	`£`
`At1 January2024`
`Additions`	`-`	`8,699,500`	`8,699,500`	`-`
`Investmentmanagementcosts`	`-`	`(21,416)`	`(21,416)`	`-`
`Disposalproceeds`	`-`	`(133,262)`	`(133,262)`	`-`
`Revaluation`	`-`	`414,259`	`414,259`
`At31December2024`	`-`	`8,959,081`	`8,959,081`	`-`
`Debtors`	`Income`	`Capital`	`2024`	`2023`
	`£`	`£`	`£`	`£`
`Accruedincome`	`-`	`-`	`-`	`4,000,000`
	`-`	`-`	`-`	`4,000,000`
`Creditors`	`Income`	`Capital`	`2024`	`2023`
	`£`	`£`	`£`	`£`
`Tradecreditors`	`16,448`	`-`	`16,448`	`11,532`
`Accruals`	`13,680`	`-`	`13,680`	`18,892`
`Bankoverdraft`	`-`	`-`	`-`	`5`
`Grantspayable`	`125,000`	`-`	`125,000`	`-`
	`155,128`	`-`	`155,128`	`30,429`