VYbJsk9un*urnTransorbc Ref. Y8Q94RG2-PSZ2 19 OGt>)22 11."08..39 BST (UTC +110 111 P 11XS Charity number: 241736 THE GILBERT AND EILEEN EDGAR FOUNDATION UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022
VYbJsk9un*urnTransorbc Ref. Y8Q94RG2-PSZ2 19 OGt>)22 11."08..40 BST (UTC +110 111 P2120 THE GILBERT AND EILEEN EDGAR FOUNDATION CONTENTS Page Reference and administrative details of the Charity. its Trustees and advisers Trustees. report Independent examinerfs report Statement of financial activities Balance sheet Notes to the financial statements 8-18
VYbJsk9un*urnTransorbc Ref. Y8Q94RG2-PSZ2 19 OGt>)22 11."08..41 BST (UTC +110 111 P3120 THE GILBERT AND EILEEN EDGAR FOUNDATION REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2022 The Gilbert and Eileen Edgar Foundats'on was created by the late Mr G H S Edgar and his wfe the late Mrs E V Edgar {the Settlors) by a deed dated 20 January 1965. Trustees A E Genlilli S C E Gentilli Charity registered number 241736 Principal office 2 Communications Road Greenham Business Parf( Greenham Newbury RG19 6AB Accountants Jame5 Cowper Kreslon 2 Communications Road Greenham Business Pa Greenham Newbury RG19 6AB Bankers HSBC 26 Broad Street Reading RG12BU Solicitors Forsters LLP 31 Hill Street London W1J 5LS Invastmont managars Inveslec Wealth & Investrnent rnited Colmore Plaza Colmore Circus Bimiingham B4 6AT Page 1
VYbJsk9un*urnTransorbc Ref. Y8Q94RG2-PSZ2 19 OGt>)22 11".08..41 BST (UTC +110 111 P4120 THE GILBERT AND EILEEN EDGAR FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED S APRIL 2022 The Trustees present their annual report together Kqth the financial statements of the The Gilbert and Eileen Edgar Foundation for the year 6 April 2021 to 5 April 2022. Objectives and activities . Policies and objectives The Foundation has wdely drawn objects and may apply up to half of the Trust Fund and the whole of its income to such charitable purposes as the Trustees think fit. The Settlors desired that the Trustees in exercising their discretion give preference, but without obligation, to all or any of the followng purposes-_ - the promotion of medical and surgical suence in all foms the helping of the young, the old and the needy the raising of the artistic laste of the public whether in relation to music. drama. opera, painting, sculplure or otherwse in connection wilh the fine arts - the promotion of education in the fine arts - the promotion of academic education the promotion of religion the provision of facilities for recreation or other lei5Urtirne occupation For a large number of years the Trustees have concentrated on making annual grants to a range of charitres. The Trustees review the beneficiaries and from time to time amendments are made to the list. When funds allow the trustees occasionalty make one-off grants. In setting objèctives and planning for aetivitiès. the TrustèÈs havè given duè Considation to genèral guidane published by the Charty Commission relating to public benefft, induding the guidance 'Public benefit.. running charity IP821'. Achievements and performance . Main achievements of the Charity During the year the Foundation has m&le 75 {2021= 76) donations lo charities beneffting a wide sector of the public. The Foundation has continued to make substantial grants for scholarships in the arts and donations to tharities which raise the artistic taste of the public. The work of other charities s¥Jpported has included the provision of help, support and other services for people suffering from abuse and crime, people wth disabilities and people suffering from various medical conditions. The Foundation has also made donations to charrttes providing support overseas by the provisions of tools and skills to enable people in Africa to eam a sustainable livelihood, and by providing educational books. Financial review a. Going concom After making appropriate enquiries. the Trustees have a reasonable expectation that the Charity has adequate resources lo ntinUe in operational existence for the foreseeable future. For this reason, they continue lo adopt the going concem basis in preparing the financial ststements. Further detals regarding the adoption of the going concem basis can be found in the accounting policies. Page 2
VYbJsk9unurnTransorbc Ref. Y8Q94RG2-PSZ2 19 OGt>)22 11."08..42 BST (UTC +110 111 P5120 THE GILBERT AND EILEEN EDGAR FOUNDATION TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 5 APRIL 2022 b. Reserves policy The Tfustees generally aim to maintsin their level of grant making and intend to continue to spend all available income each year and reduce the balance of unspent income. The Trustees have resolved to vtew the capital of the Trust as an expendable endowment so as lo provide future income generation for charitable purposes. c. Investment policy The investment policy is lo balance income return with capital growlh with a moderate exposure lo risk. The Trustees receive regular reports from Investec so that they may review the perfomance of the investments. d. Risk management The Trustees have rewewed the risks faced by the Foundation and have implemented systems to mitsgate these risks. In particular, the Trustees corsider that the major risk is the value of the Foundation's investments and the level of investment income. To mitigate this the Trustees use the seNces of a leading investment adviser, Investec. e. oveieW The attached financial statements show the financial results of the Foundation for the year. Cash investment income received amounted to £84,008 (2021: £69.9871. Income from securities has increased compared to 2021 due to many companies cutting their dividends as a result of the Covid-19 pandemic in 2021. Grants totalling £63.500 12021: £74,000) were made during the year. Support costs included in charitable activities totalled £8,43212021'. £10,292). The movements in investments are shown in note 9. The value of the investments at the year-erKI have continued to recover from the signfficant drop which was as a result of the Covi&19 pandemic. The Trustees continue to monitor the value of ils investments closely. Structure. govemance and management Constitution The Gilbert and Eileen Edgar Foundation is a registered charity, number 241736. and ts constituted under a Trust deed. b. Organisational slructure and docision-making policies The constitution of the charity is set out on page 1. The Trustees who have served during the year and since the year end are set out on page 1. Statutory powers of appointing trustees appty. Decisions are made by the Trustees in consultation wth each other. Page 3
VYbJJk8unL7Tran5o1 Ref. YSQUIRG2-PSZ2 19 oct22 11..08A2 BST (UTC +1)0 111 P6th) THE GILBERT AND EILEEN EDGAR FOUNDATION TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 5 APRIL 2022 Statement of Trustoes. responsibilities The Trustees are responsible for preparing the Trustees. report and the financial statements in accordance Moth applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice}. The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the stale of affairs of the Charity and of its incoming resources and application of resources. including its income and expenditure. for that period. In preparing these financial statements, the Trustees are required to- select suitable accounting policie5 and then apply them consi5tently,' observe the methods and principles of the Charities SORP {FRS 1021.. make judgments and accounting estimates that are reasonable and prudent- stale whether applicable UK Accounting Standards IFRS 1021 have been followed, subj-ect to ary material departures disclosed and explained in the financial statements". prepare the financial statements on the going concem basi8 unless il is inappropriate to presume that the Charity Mqll continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charitys transactions and disclose with reasonable accuracy al any ts'me the financial position of the Charty and enable them lo ensure that the financial slalemenls comply with the Charities Act 2011, the Charty {Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees and signed on their behalf by.. A E Gontilli Date: 19 Octobor 2022 Page 4
VYbJsk9un*urnTransorbc Ref. Y8Q94RG2-PSZ2 19 OGt>)22 11."08..42 BST (UTC +110 111 P7120 THE GILBERT AND EILEEN EDGAR FOUNDATION INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED S APRIL 2022 Independent Exarninerfs Report to the Trustees of The Gilbert and Eileen Edgar Foundation {'the Charity) I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 5 April 2022. Responsibilities and Basis of Report As the Trustees of the Charity you are responsible for Ihe preparation of the accounts in accordance with the requirements of the Charities Act 2011 1.the 2011 ACY). I report in respect of my examination of the Charitys accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Direcb"ons given by the Charlty Commission under section 14515)Ibl of the 2011 Act. Independent Exarninerfs Statement Your attention is drawn lo the fact that the Charity has prepared the accounts in accordance wqth Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) in preference lo the AcuntIng and Reporting by Charities= Statement of Recommended Practice issued on 1 April 2005 which is referred lo in the extsnt regulations bul has been wthdrawn. l understand that this has been done in order for the accounts to provide a tfue and fair view in accordance Moth the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confimi that no matters have come to my attention in connection with the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act., or the accounts do not accord wrih those records; or the accounts do not comply with the applicable rUirementS conceming the form and content of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Irue and fair, view which is not a matter )nsidered as part of an independent examination. I have no concerns and have come across no other matters in connection wqth the examination to which attention should be drawn in this report in order to ergble a proper understanding of the accounts to be reached. This report is made solely to the Charity's Trustees, as a body, in accordance wth Part 4 of the Charities {Account5 ar Repxjrts) Regulations 2008. My work has been undertaken so that I might state to the Charitys Trustees those matters l am required to state to them in an Independent examinerts report and for no other purpose. To the fullest extent perniitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charitys Trustees as a body, for my'work or for this report. Signed= Dated.. 29 November 2022 Darren O'connor Bsc (Hons) FCCA ACA (Senior Statutory Auditor) James Cowper Kreston 2 Communications Road Greenham Business Park Greenham Newbury RG19 6AB Page 5
VYbJsk9un*urnTransorbc Ref. Y8Q94RG2-PSZ2 19 OGt>)22 11."08..43 BST (UTC +110 111 PW20 THE GILBERT AND EILEEN EDGAR FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED S APRIL 2022 Unrestricted Endowment funds funds 2022 2022 Total funds 2022 Total funds 2021 Note Income and endowmènis from: Investrments 84,008 84.008 69,987 other income Total income and endowrnents 84,010 84.010 69,987 Expenditvra on: Investrment management costs Charitable actiwties 16.850 16.850 71.932 15,628 84,292 71,932 Total expenditure 71,932 16,850 88.782 99,920 Net incomellexpenditure) before net gains on investments Nel gains on investments 12,078 (16.850) 131,556 14.772) 131.556 (29,933) 294, 753 Net movement in funds 12,078 114.706 126.784 264,820 Reconciliation of funds: Total funds brought forward Nel movement in funds 32,075 12,078 1,658,318 114.706 1,690,393 126,784 1,425,573 264.820 Total funds carried forward 44,153 1,773.024 1,817.177 1.690,393 The SLitemenl of Financial Activities includes all gains and losses recognised in the year. The note5 on pages 8 to 18 fomi part of these financial statements. Page 6
VYbJJk8unL7Tran5o1 Ref. YSQUIRG2-PSZ2 19 oct22 11..08A3 BST (UTC +1)0 111 P9fa) THE GILBERT AND EILEEN EDGAR FOUNDATION BALANCE SHEET AS AT5 APRIL 2022 2022 2021 Note Fixed assets Investments 1.804.384 1.687.251 1.804,384 1,687,251 Current assets Cash at bank and in hand 21.181 11.530 21.181 f 1.530 Creditors.. amounts falling due within one year 10 18.3881 (8,388J Net current assets 12.793 3,142 Total assets less current liabilities 1.817,177 1,690,393 Net assets excluding pension asset 1.817,177 1,690,393 Total net assets 1,811,117 1,690,393 Charity funds Endowment funds 1.773,024 44,153 1,658,318 32,075 Unrestricted funds Total funds 1.817,177 1,690,393 The financial slatements were approved and authorised for issue by the Trustees and signed on their behalf by.. A E Gontilli Date: 19 OCtor 2022 note5 on pages 8 to 18 fomi part of these financial Statements. Page 7
VYbJsk9un*urnTransorbc Ref. Y8Q94RG2-PSZ2 19 OGt>)22 11."08..44 BST (UTC +110 111 P 10r20 THE GILBERT AND EILEEN EDGAR FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2022 General inforrnation The Gilbert and Eileen Edgar Foundation is a registered charity in England and Wales. The address of its registered office is 2 Communications Road, Greenham Business Park, Greenham, Newbury, RG19 6AB. Accounting policies 2.1 Basis of preparaiion of financial statements The financial statements have been prepared in accordance Mryth the Charitie5 SORP {FRS 1021- Accounting and Reporbng by Charities= Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191, the Financial Reports"ng Standard applicable in the UK and RepublÈc of Ireld IFRS 1021 and the Charities Act 2011. The financial statements have been prepared to give a 'true and fairf view and have departed from the Charities IAccounts and Reports) Regulations 2008 only to the extent required to provide a Irue and fair. view. This departure has involved following the Charilies SORP IFRS 1021 published in October 2019 rather than the Accounting and Reporting by Charities.. Statemenl of Recommended Practice effective from 1 April 2005 which has since been wthdrawn. The Gilbert and Eileen Edgar Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical c05t or transaction value unless othepmse stated in the relevant accounting policy_ 2.2 Incom8 Al income is recogni5ed once the Charity has entitlement to the income, it is probable that the income wll be received and the amount of income receivable can be measured reliably. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. 2.3 Expenditure Expenditure is recognised once there is a legal or constructive obligation lo transfer economic benefit to a third party, rt is probable that a transfer of economic benefrts wtll be required in seement and the amount of the obligation can be measured reliably. Expendire is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, induding support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. EXTlI1Ure on raising funds includes all expenditrjre incurred by the Charity to raise funds for its charitable purpose5 and include5 Costs of all fundraising activities event5 and non-Charitae trading. Expenditure on charitable actiwties is incurred on diredy undertaking the activities lch further the Charitys objectives, as well as any assouated support costs. Grants payable are charged in the year Nthen the offer is made except in those cases where the offer is condits'onal, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commiknent. but not accrued as expendilure. AJI expenditure is indusive of Irrecoverab VAT. Page 8
VYbJsk9unurnTransorbc Ref. Y8Q94RG2-PSZ2 19 OGt>)22 11".08..44 BST (UTC +110 111 P 11r20 THE GILBERT AND EILEEN EDGAR FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2022 Accounting policies Icontinuedl 2.4 Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity- this is normally upon notification of the interest paid or payable by the institution wth whom the funds are deposited. 2.5 Investments Fixed asset investments are a fomi of financial instrument and are inilialty recognised al their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in Mthich case il is measured at cost less impairment. Investsment gains and losses. whether realised or unrealised, are ccmbined and presented as 'Gainsl{Lossesl on investments, in the Statement of financial activities. 2.6 Cash at bank and in hand Cash at bank and in hand indudes cash and short-temi highly liq¥Jid investments wqth a short maturity of three month5 or less from the date of zcquisition or opening of the deposit or similar account. 2.7 Liabilities and provisions Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past evenl, It Is probaf)le that a transler of economlc beneflt wlll be requlred In settlement, and the amounl of the sÈttlemènt can bè estimated rèliably_ 2.8 Fund accounting General fvnds are unrestricted funds Mthich are available for use al the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Investment income. gains and losses are allocated to the appropriate fund. Page 9
VYbJsk9un*urnTransorbc Ref. Y8Q94RG2-PSZ2 19 OGt>)22 11."08..45 BST (UTC +110 111 P 12r20 THE GILBERT AND EILEEN EDGAR FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2022 Investment income Unrestricted funds 2022 Total funds 2022 Total funds 2021 Income from listed investments 83.242 766 83,242 766 69,468 Interest income Other investment income 519 84,008 84,008 69,987 Total 2021 69,987 69,987 Analysis of expenditure on charitablo activities Summary by fund typ8 Unrestricted Endowment funds funds 2022 2022 Total 2022 Total 2021 Direct costs 71,932 71.932 84,292 Total 2021 82,426 1,866 84,292 Analysis of axpanditure by activitias Grant funding of activities Support Total funds Total funds costs 2022 2022 2022 2021 Direct costs 63,500 8,432 71,932 84,292 Total 2021 74,000 10,292 84.292 Page 10
VYbJsk9un*urnTransorbc Ref. Y8Q94RG2-PSZ2 19 OGt>)22 11."08..45 BST (UTC +110 111 P 19r20 THE GILBERT AND EILEEN EDGAR FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2022 Analysis of expenditure by acttvities {continued) Analysis of support costs Total funds 2022 Total funds 2021 Activities 2022 Accountancy fees Independent examination Legal fees Bank charges 7,452 960 7,452 960 7,452 936 3.732 (1.828) 20 20 8,432 8,432 10,292 Total 2021 10,292 10,292 Page 11
VYbJsk9un*urnTransorbc Ref. Y8Q94RG2-PSZ2 19 OGt>)22 11".08..46 BST (UTC +110 111 P 14r20 THE GILBERT AND EILEEN EDGAR FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2022 Analysis of grants 2022 2021 Academia Books Abroad Royal College of Surgeons of England soo 500 500 500 1.000 1.000 Amied Forces Gurkha Welfare Trust Not Forgotten Association Royal Star and Garter Homes War Memorials Trust 1,000 1,000 500 500 500 500 2.000 2.000 Arts and Music Bishopsland Educational Trust Elizabeth HaThvood Memorial Trust- Scholarship English National Ballet Field5 in Trust 1.000 1.000 2.000 500 1,000 1.000 2.000 500 Royal Academy of Arts- SCI7arShlp Royal Academy of Dramatic Art- Scholarship Royal College of Music- Junior Scholarship Royal National Theatre Worshipful Company of Cl¢xkmakers 6.000 5.000 9.000 1.000 1,000 6,000 5,000 9,000 1,000 1,000 26,500 26,500 Children Become Bliss Brainwave 500 500 500 500 500 500 Child Brain Injury Trust Children's Adventure Fami TNst 500 500 500 500 Children in Crisis MERU 500 500 500 500 TLG 1,000 1,000 4,500 4.500 Foreign IT Schools Afrtca 500 500 Livingstone Tanzania Trust New Start Africa 500 500 500 500 Practical Actton 500 500 SU1Val International 500 500 Page 12
VYbJsk9un*urnTransorbc Ref. Y8Q94RG2-PSZ2 19 OGt>)22 11."08..46 BST (UTC +110 111 P 1Y20 THE GILBERT AND EILEEN EDGAR FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2022 The John Fawcett Foundation Twls for Self Reliance Wells for India 500 500 500 500 500 500 4,000 4,000 Medical & Surgical Science Azheimers Research UK Arthritis Research UK 1,000 500 1.000 500 Bath Institute of Medical Engineering Blond Mclndoe Research Laboratories 500 500 500 500 Breast Cancer Now CORDA DebRA Fight for Sight Meningitis Research Foundation Royal Hospital for Neuro Disability Sight Research UK 500 500 500 500 JJ 500 500 500 500 500 500 500 500 500 500 6.000 6.000 Recreation and Conservation Arundel Casue Cricket Foundation Adantic Salmon Trust Jubilee Sailing Trust Marine Conservation Society The Wheelyboat Trust The Willesden Cemetery 500 ,000 500 500 1,000 500 500 500 500 500 10.000 3.000 13,000 Welfare Action on Elder Abuse 500 500 Aidis Trust Arthritis Care 500 500 500 500 British Home and Hospital for Incurables Caris Camden 500 500 1,000 500 y,000 500 Changing Faces Compaid Coram Life Education Crimestoppers Trust Deafblind UK DEMAND 500 500 1.000 500 soo 500 1,000 500 500 500 Disabilities Trust Down's Syndrome Association Dystonia SoetY Elizabeth Foundation 500 500 500 500 500 500 500 500 Howard League for Penal Reform 500 500 Page 13
VYbJsk9un*urnTransorbc Ref. Y8Q94RG2-PSZ2 19 OGt>)22 11".08..47 BST (UTC +110 111 P 16r20 THE GILBERT AND EILEEN EDGAR FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2022 Independent Age Living Paintings Trust MacIne Care Marie Curie Cancer Care Marylebone Project Missing People Motor Neurone Disease Association 1.000 500 500 500 1,000 1.000 500 1.000 500 500 500 1.000 1.000 500 National Coasfvlatch Nightingale Phab Samaritans (Reading) Seeing Ear Shine 500 500 500 500 500 500 500 500 500 500 Sustrans 500 500 Victim Support 500 500 17,500 17.500 Less.. prior year grants withdrawnlnol taken up (1,000) (500) 63,500 74,LK)O Independent exarninerfs remuneration The independent examinerfs remuneration amwnts to an independent examiner fee of £960 {2021 £936}. Trustoes. remunoration and oxponses During the year. no TTUStees received ary remuneration or other benefits (2021- £NIL). During the year ended 5 April 2022, no Trustee exFenses have been incurred (2021- £NIL). Page 14
VYbJsk9un*urnTransorbc Ref. Y8Q94RG2-PSZ2 19 OGt>)22 11".08..47 BST (UTC +110 111 P 17r20 THE GILBERT AND EILEEN EDGAR FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2022 Fixed asset investments Listod investments Cost or valuation At 6 April 2021 Additions 1.687,251 84,953 1101,2941 133,474 Disposals Revaluations At 5 April 2022 1,804,384 Not book value At 5 April 2022 1,804,384 At 5 Apn-12021 1,687.251 The historical cost of the stockbroker portfdio at 5 April 2022 was £1,369,691 {2021.. £1,386,032). 10. Craditors: Amounts falling due within one year 2022 2021 Accruals and deferred income 8.388 8,388 Page 15
VYbJsk9un*urnTransorbc Ref. Y8Q94RG2-PSZ2 19 OGt>)22 11".08..47 BST (UTC +110 111 P 18r20 THE GILBERT AND EILEEN EDGAR FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2022 11. Statement of funds Statement of funds - Current year Balance at 6 April 2021 Gainsl Balance at 5 (Losses) April 2022 Income Expenditure Unrestricled funds Unrestricted Income Fund 32,075 84,010 171,932) 44,153 Endowment funds Capital Endowment Fund 1.658,318 (16,850) 131.556 1.773,024 Total of funds 1.690,393 84.010 (88,782) 131.556 1.817,177 Investment management costs are allocated 100% to the capital endowment fund. Legal costs are allocated 50% to the capital endowment fund and 50% to the unrestricted income fund. The capital er0rnent fund may be expended to an amount. not exceeding in whole. one moiety of the capital of the Trust Fund. The trust deed permits the Trustees at their discretion to apply in total up to half of the capital of the charity It is lo be invested and the income used for any charitable purpose at the disuetion of the Trustees. The income arising from the capital endowment is unrestricted. The unrestricted income fund of the charity may be applied for any charitable purpose at the discretion of the Trustees. Statement of funds - prior year Balance at 1 April 2020 Gain Balance at (Losses) 5 April 2021 Income Expenditure Unrestricted funds Unrestricted Income Fund 44.514 69,987 (82,426) 32.075 Endowmont funds Capital EndowTnenl Fund 1,381,059 {17,494) 294, 753 1,658,318 Total of fund5 1,425,573 69,987 (99,920) 294, T53 1.690,393 Page 16
VYbJsk9un*urnTransorbc Ref. Y8Q94RG2-PSZ2 19 OGt>)22 11."08..48 BST (UTC +110 111 P 19120 THE GILBERT AND EILEEN EDGAR FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2022 12. Summary of funds Summary of funds - current year Balance at 6 April 2021 Gainsl Balance at 5 (Losses) April 2022 Income Expenditure General fvnds Endowment funds 32,075 1.658.318 84.010 (71,932) (16.850) 44,153 1.773,024 131.556 1.690,393 84,010 188,782) 131,556 1,817,177 Summary of funds- prioryear Balance at l April 2020 Gains/ Balance at (Losses) 5 April 2021 Income Expenditure General funds Endowment funds H,514 1,381,059 69.987 (82,426) {17,494) 32,075 1,658,318 294, 753 1.425.573 69.987 (99.920) 294. 753 1.690.393 13. Analysis of net assets between funds Analysis of net assets between funds- current year Unrestricted Endowment funds funds 2022 2022 Total funds 2022 Fixed asset investments 31.360 21,181 18,3881 1.773,024 1.804,384 21,181 (8,3881 CurTenl assets Creditors due wthin one year Total 44,153 1,773,024 1,817,177 Page 17
VYbJsk9un*urnTransorbc Ref. Y8Q94RG2-PSZ2 19 OGt>)22 11."08..48 BST (UTC +110 111 P20r20 THE GILBERT AND EILEEN EDGAR FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2022 13. Analysis of net assets between funds {conlinuedl Analysis of net assets between funds- prior year Unrestricted Endowment funds funds 2021 2021 Total funds 2021 Fixed asset investments Current assets 28,933 11,530 (8,388) 1,658,318 1,687,251 11,530 (8.388J Creditor5 due within one year Total 32.075 1.658,318 1.690,393 Page 18