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2021-04-05-accounts

REGISTERED COMPANY NUMBER: 00991764 (England and Wales) REGISTERED CHARITY NUMBER: 262107

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2021

FOR

THE GEORGE A MOORE FOUNDATION

DSC Accountants Ltd Chartered Accountants Statutory Auditors Tattersall House East Parade Harrogate North Yorkshire HG1 5LT

THE GEORGE A MOORE FOUNDATION

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 5
Report of the Independent Auditors 6 to 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Financial Statements 11 to 16
Detailed Statement of Financial Activities
 17 to 18
Appendix
 19 to 21

THE GEORGE A MOORE FOUNDATION

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 5 APRIL 2021

TRUSTEES Mr J R Moore
Mr P D Turner
Mrs C E Lowe (appointed 4/8/2020)
Mr R W Dawson (resigned 31/7/2020)
REGISTERED OFFICE 4th Floor
10 South Parade
Leeds
LS1 5QS
REGISTERED COMPANY 00991764 (England and Wales)
NUMBER
REGISTERED CHARITY 262107
NUMBER
AUDITORS DSC Accountants Ltd
Chartered Accountants
Statutory Auditors
Tattersall House
East Parade
Harrogate
North Yorkshire
HG1 5LT
BANKERS NatWest Bank
8 Park Row
Leeds
LS1 5HD
INVESTMENT ADVISORS Cardale Asset Management
2 Greengate
Cardale Park
Harrogate
HG3 1GY
CHIEF ADMINISTRATOR Mrs A L James

Page 1

THE GEORGE A MOORE FOUNDATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 5 April 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objectives of the Charity are to apply its income to charitable purposes and to assist and promote established charities. This is done by providing donations to other charities and organisations. The Charity consists of one general fund (unrestricted) and one expendable endowment fund.

In setting the Charity's objectives and planning its activities, the trustees have given careful consideration to the Charity Commission's general guidance on public benefit.

Grantmaking

As in previous years, the Charity continues to receive a large number of grant applications. The requests are reviewed at approximately three-monthly intervals, prior to a trustees' meeting, when a shortlist of possible grants is considered. The majority of requests are unsolicited and all appeals are acknowledged, whatever their outcome.

The trustees have indicated their wish that donations should be restricted, for the main part, to the geographical areas of Yorkshire and the Isle of Man, in accordance with the wishes of the founder of the Charity who provided the expendable endowment funds. The restriction is due to the locations in which the founder lived and therefore he wanted to give something back to these communities.

For the most significant grants provided, greater than £5,000, the Chief Administrator will hold a meeting with the applicant to determine how the funds will be used to ensure that ultimately the users of the organisation benefit from the grant and to prevent mismanagement of funds by the applicant.

STRATEGIC REPORT

Achievement and performance

Charitable activities

During the year the charity made 80 grants ranging in value from £630 up to £48,943 to organisations of various sizes. This shows the significant number of charities and organisations assisted and therefore the public benefit that is being achieved as a result of the existence of this Charity.

The statement of financial activities for the year is set out on page 9.

The trustees are satisfied that the assets of the Charity are invested on a balanced basis in accordance with the mandate given to the Charity's investment manager.

Financial review

Financial position

The Charity had a surplus in the year of £451,239 before taking account of the effects of unrealised changes in the values of investments held, which increased fund balances by a further £1,132,374.

At 5 April 2021 the net assets of the Charity, including quoted assets at market value, were £7,397,090 (2020: £5,813,477) representing an increase of £1,583,613 during the year under review. The trustees are satisfied that there are adequate assets available to fulfil the obligations of the Charity.

Page 2

THE GEORGE A MOORE FOUNDATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2021

STRATEGIC REPORT Financial review

Reserves policy

The trustees note the guidance issued by the Charity Commission and the duty of the trustees to apply charitable funds within a reasonable time of receiving them.

Unrestricted funds are considered necessary by the trustees to:

(a) provide funds that can be designated to specific projects to enable those projects to be undertaken at short notice;

(b) increase the Charity's reserves to enable it to provide larger grants to important projects as and when they are agreed;

(c) provide reserves to cover any shortfall in the value of expendable endowments arising from fluctuating markets, varying interest rates and other economic conditions; and

(d) cover administration, fundraising and support costs without which the Charity could not function.

To this end the trustees prudently calculate the unrestricted reserves to be a value sufficient to:

(a) provide a pool to cover the anticipated repair, maintenance and replacement costs of the Charity's fixed assets over a twelve-month period;

(b) provide a pool equal to not less than the charitable expenditure over the last two years from which funds can be designated to specific causes;

(c) provide a pool to cover any diminution in the value of the expendable endowment arising from fluctuating markets, varying interest rates and other economic conditions that may be added to the expendable endowment; and

(d) cover the administration, fundraising and support costs for a twelve-month period.

The level of reserves and this reserves policy are monitored and reviewed by the trustees annually at a meeting of the trustees to ensure that they are adequate to fulfil the Charity's continuing obligations.

A comparison of the actual level of reserves held with the level indicated by the reserves policy shows that there are approximately £1 million of excess unrestricted reserves held. The trustees believe that, given the current uncertain economic climate and fluctuating markets, it is necessary to have a sufficient additional pool of reserves to cover any losses arising due to market fluctuations, in order to maintain the ability of the Charity to continue grant making activities. The trustees continue to review the reserves held with a view to reducing these further in a more stable economic climate, where the opportunity arises, by making larger grants to suitable organisations.

STRUCTURE, GOVERNANCE AND MANAGEMENT Structure, governance and management

The George A Moore Foundation ("the Charity") is an unlimited company and registered charity, and was incorporated on 14 October 1970. The Charity is governed by its memorandum and articles of association.

Directors are appointed by the existing directors at their discretion as circumstances dictate. In addition to the trustees there is one administrative staff member. See notes 5 and 6 for further details.

Key management remuneration

The trustees and directors received no remuneration in the year or prior year. The remuneration level of key management is reviewed annually by using comparisons against similar roles in the charities sector.

Trustee training

The trustees are updated regularly on any changes to Trust law. Training and support has been given to the new trustee who joined during the year.

Page 3

THE GEORGE A MOORE FOUNDATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT Taxation status

The Charity is a registered charity and as its activities are entirely for charitable purposes, it is not liable to corporation tax.

Investment policy

The trustees review the investments held on a regular basis and, if necessary, obtain advice from financial advisors. The trustees' policy on investments is to obtain sufficient incoming resources to cover the Charity's overheads and to enable the Charity to continue providing a minimum level of grants. The trustees are satisfied with the incoming resources and change in the value of investments in the current economic climate.

Charitable contributions

The contributions made by the Charity during the year for charitable purposes totalled £236,067 (2020: £210,208).

Risk management

The key risk to the Charity identified by the trustees is a failure to generate sufficient income through the invested assets of the Charity, to continue to meet the grant funding objectives of the Charity. The trustees have addressed this risk by engaging professional fund managers in connection with the investment of the Charity's investable assets.

The trustees have examined the major business risks that the Charity might face and confirm that the necessary systems are in place to reduce these risks to an acceptable level.

Fundraising activities

The Charity does not carry out any fundraising activities.

Plans for future periods

The Charity intends to continue its grant funding activities on the same basis. The Charity will aim to distribute all income generated from the Charity's investments and to reduce the reserves where appropriate.

Provision of information to auditor

Each of the persons who are trustees at the time when this trustees' and directors' report is approved has confirmed that:

1) so far as that trustee is aware, there is no relevant audit information of which the company's auditor is unaware, and

2) that trustee has taken all the steps that ought to have been taken as a trustee and director in order to be aware of any information needed by the company's auditor in connection with preparing their report and to establish that the company's auditor is aware of that information.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of The George A Moore Foundation for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 4

THE GEORGE A MOORE FOUNDATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2021

STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued

In so far as the trustees are aware:

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 15 December 2021 and signed on the board's behalf by:

Mr P D Turner - Trustee

Page 5

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF THE GEORGE A MOORE FOUNDATION

Opinion

We have audited the financial statements of The George A Moore Foundation (the 'charitable company') for the year ended 5 April 2021 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Page 6

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF THE GEORGE A MOORE FOUNDATION

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

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 a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, 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 if, 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We identified areas of laws and regulations through discussion with the directors and from the inspection of correspondence with the Charity Commission and other regulatory and legal correspondence.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Page 7

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF THE GEORGE A MOORE FOUNDATION

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Graham French (Senior Statutory Auditor) for and on behalf of DSC Accountants Ltd Chartered Accountants Statutory Auditors Tattersall House East Parade Harrogate North Yorkshire HG1 5LT

15 December 2021

Page 8

THE GEORGE A MOORE FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2021

Notes
INCOME AND ENDOWMENTS FROM
Investment income
2
Other income
Total
EXPENDITURE ON
Charitable activities
Donations
Raising funds
Total
Net gains/(losses) on investments
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
116,323
10
116,333
236,067
127,067
363,134
635,957
389,156
2,105,588
2,494,744		 Endowment
fund
£
-
-
-
-
-
-
1,194,457
1,194,457
3,707,889
4,902,346		 2021
Total
funds
£
116,323
10
116,333
236,067
127,067
363,134
1,830,414
1,583,613
5,813,477
7,397,090		 2020
Total
funds
£
234,425
10,085
244,510
210,208
138,355
348,563
(659,691)
(763,744)
6,577,221
5,813,477

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements

Page 9

THE GEORGE A MOORE FOUNDATION

BALANCE SHEET 5 APRIL 2021

Notes
FIXED ASSETS
Tangible assets
6
Investments
7
CURRENT ASSETS
Debtors
8
Cash at bank
CREDITORS
Amounts falling due within one year
9
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
10
Unrestricted funds
Endowment funds
TOTAL FUNDS		 Unrestricted
funds
£
8
2,472,224
2,472,232
16,091
62,958
79,049
(56,537)
22,512
2,494,744
2,494,744
Endowment
fund
£
-
4,902,346
4,902,346
-
-
-
-
-
4,902,346
4,902,346		 2021

Total
funds
£
8
7,374,570
7,374,578
16,091
62,958
79,049
(56,537)
22,512
7,397,090
7,397,090
2,494,744
4,902,346
7,397,090		 2020
Total
funds
£
8
5,798,516
5,798,524
17,711
40,670
58,381
(43,428)
14,953
5,813,477
5,813,477
2,105,588
3,707,889
5,813,477

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 15 December 2021 and were signed on its behalf by:

Mr P D Turner - Trustee

The notes form part of these financial statements

Page 10

THE GEORGE A MOORE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation. The cost of fixed assets is their purchase cost, together with any incidental expenses of acquisition. Depreciation is calculated so as to write off the cost of tangible fixed assets on a straight line basis over the expected useful economic lives of the assets concerned. The principal annual rates used for this purpose are:

Fixtures and fittings 10-50%

Assets held by the Charity are for Charitable use.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects.

Expendable endowment funds represent those assets which must be held permanently by the Charity. Investment income is allocated as unrestricted.

Investments

Listed investments are stated at market value, taken as the average of the bid and offer price at the balance sheet date. Unrealised gains and losses are accounted for in the statement of financial activities.

Historical artefacts are stated at cost less provision for impairment.

Current asset investments are stated at cost less provision for impairment.

Investment income

Income from investments is accounted for as it is earned.

Voluntary income

Donations, legacies and other forms of voluntary income are credited to the statement of financial activities as they are received.

Debtors

Accrued income represents the investment income accrued but not received at the balance sheet date. Prepayments are valued at the amount prepaid net of any discounts due

Cash at bank and in hand

Cash at bank and in hand represents cash and short-term highly liquid funds

Creditors

Creditors are recognised when the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any discounts due.

Page 11

THE GEORGE A MOORE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2021

1. ACCOUNTING POLICIES - continued

Resources expended

Resources expended are included in the Statement of Financial Activities on an accruals basis.

Governance costs

Governance costs include expenditure on administration of the Charity and compliance with constitutional and statutory requirements, including audit and legal fees.

Support costs

Support costs for the running of the Charity's activities include staff costs and establishment costs.

Grant policy

Grants payable are payments made to third parties in the furtherance of the charitable objectives of the Charity. The grants are accounted for where either the trustees have agreed to pay the grant without condition and the recipient has a reasonable expectation that they will receive a grant, or any condition attaching to the grant is outside the control of the Trust.

Cash flow statement

The Charity is exempt from preparing a cash flow statement under Financial Reporting Standard 102 because it is a small charity.

Going concern

There are no material uncertainties about the Charity's ability to continue in operation

2. INVESTMENT INCOME

Interest from investments
Dividends		 2021
£
18,395
97,928
116,323		 2020
£
121,248
113,177
234,425

3. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2021 2020
£ £
Auditors' remuneration 4,080 4,176
Depreciation - owned assets - 584

Page 12

THE GEORGE A MOORE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2021

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no emoluments receivable by the trustees and directors in the year (2020: £nil) and there were no out of pocket reimbursements of expenses.

During the year emoluments of £55,770 (2020: £54,394) were paid to A L James, the daughter of E Moore (former trustee) and the sister of J R Moore (current trustee), in respect of services performed in her role as Chief Administrator. The remuneration level is reviewed annually by using comparisons against similar roles in the charities sector.

5. STAFF COSTS

Wages and salaries
Social security costs
The average monthly number of employees during the year was as follows:
Support services		 2021
£
51,660
2,484
54,144
2021
4		 2020
£
51,240
3,321
54,561
2020
4

None of the employees received emoluments in excess of £60,000 as defined for tax purposes in the year (2020: none).

6. TANGIBLE FIXED ASSETS

COST
At 6 April 2020 and 5 April 2021
DEPRECIATION
At 6 April 2020 and 5 April 2021
NET BOOK VALUE
At 5 April 2021
At 5 April 2020		 Fixtures
and
fittings
£
22,006
21,998
8
8

Page 13

THE GEORGE A MOORE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2021

7. FIXED ASSET INVESTMENTS

Shares and cash
Historic artefacts		 2021
£
7,366,570
8,000
7,374,570		 2020
£
5,790,516
8,000
5,798,516

Additional information as follows:

MARKET VALUE
At 6 April 2020
Additions
Disposals
Revaluations
At 5 April 2021
NET BOOK VALUE
At 5 April 2021
At 5 April 2020		 Listed
investments
£
5,271,731
4,683,262
(4,639,499)
1,830,414
7,145,908
7,145,908
5,271,731		 Cash
£
518,785
-
(298,123)
-
220,662
220,662
518,785		 Totals
£
5,790,516
4,683,262
(4,937,622)
1,830,414
7,366,570
7,366,570
5,790,516

There were no investment assets outside the UK.

Listed investments are quoted on The London Stock Exchange and are stated at market value, taken as the average of the bid and offer prices at the balance sheet date. The cost of these investments was £6,369,576 (2020: £6,261,588). They comprise 91 investments of which the three largest are T Rowe Price UK Limited Japanese Equity held at £270,839, Polar Capital Funds Global Convertible Fund held at £223,886, and Lazard Fund Managers Ltd Global Infrastructure Equity held at £221,952. Other listed investments include equities and a corporate bond.

The total change in market value of £1,830,414 consists of overall net realised gains of £698,040 (2020: losses of £42,076) and unrealised gains of £1,132,374 (2020: losses of £617,615).

Investments (neither listed nor unlisted) were as follows:

2021 2020
£ £
Historical artefacts 8,000 8,000

Page 14

THE GEORGE A MOORE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2021

7. FIXED ASSET INVESTMENTS - continued

The historic artefact comprises a scale model of HMS Illustrious.

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Prepayments and accrued income
Accrued investment income
9.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Social security and other taxes
Accruals for grants payable
Accrued expenses
10.
MOVEMENT IN FUNDS
At 6.4.20
£
Unrestricted funds
Unrestricted fund
2,105,588
Endowment funds
Expendable endowment
3,707,889
TOTAL FUNDS
5,813,477
Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
Unrestricted fund
116,333
(363,134)
Endowment funds
Expendable endowment
-
-
TOTAL FUNDS
116,333
(363,134)		 2021
£
145
15,946
16,091
2021
£
2,311
18,000
36,226
56,537
Net
movement
in funds
£
389,156
1,194,457
1,583,613
Gains and
losses
£
635,957
1,194,457
1,830,414		 2020
£
1,765
15,946
17,711
2020
£
2,143
7,500
33,785
43,428
At
5.4.21
£
2,494,744
4,902,346
7,397,090
Movement
in funds
£
389,156
1,194,457
1,583,613

Page 15

THE GEORGE A MOORE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2021

10. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
Unrestricted fund
Endowment funds
Expendable endowment
TOTAL FUNDS		 At 6.4.19
£
2,440,716
4,136,505
6,577,221		 Net
movement
in funds
£
(335,128)
(428,616)
(763,744)		 At
5.4.20
£
2,105,588
3,707,889
5,813,477

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
Unrestricted fund
Endowment funds
Expendable endowment
TOTAL FUNDS		 Incoming
resources
£
244,510
-
244,510		 Resources
expended
£
(348,563)
-
(348,563)		 Gains and
Movement
losses
in funds
£
£
(231,075)
(335,128)
(428,616)
(428,616)
(659,691)
(763,744)

The unrestricted fund represents free funds that are not designated for any particular purpose.

The expendable endowment fund represents those assets, principally investments, which must be held permanently by the Charity. Income arising from the endowment fund can be used in accordance with the objects of the Charity and is included as unrestricted income. Any realised or unrealised gains or losses arising on an investment form part of the fund which holds that investment.

11. RELATED PARTY DISCLOSURES

In the year ended 5 April 2021, the Charity entered into the following transactions with companies with at least one common director / trustee as follows;

The Charity paid management charges of £18,000 (2020: £18,000) to Wilton Developments Ltd, a company of which Mr P D Turner is a director.

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THE GEORGE A MOORE FOUNDATION

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2021

INCOME AND ENDOWMENTS
Investment income
Interest from investments
Dividends
Other income
Previous pledge withdrawn
Other
Total incoming resources
EXPENDITURE
Charitable activities
Grants to institutions
Support costs
Management
Wages
Social security
Finance
Depreciation of tangible fixed assets
Other
Investment management costs
Insurance
Telephone
Management fees
Sundries
Governance costs
Auditors' remuneration
Sundries
Total resources expended
Net expenditure before gains and losses		 2021
£
18,395
97,928
116,323
-
10
10		 2020
£
121,248
113,177
234,425
10,000
85
10,085
244,510
210,208
51,240
3,321
54,561
584
56,441
3,417
681
18,000
462
79,001
4,176
33
4,209
348,563
(104,053)
116,333
236,067
51,660
2,484
54,144
-
45,554
4,361
426
18,000
462
68,803
4,080
40
4,120
363,134
(246,801)

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THE GEORGE A MOORE FOUNDATION

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2021

2021
£
Realised and unrealised recognised gains and losses
Realised gains/(losses) on fixed asset investments
698,040
Unrealised gains/(losses) on fixed asset
investments
1,132,374
Net income/(expenditure)
1,583,613		 2020
£
(42,076)
(617,615)
(763,744)

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THE GEORGE A MOORE FOUNDATION

APPENDIX – CHARITABLE DONATIONS – YEAR ENDED 5 APRIL 2021

1st Easingwold Scout Group 2,000.00
Age UK 1,000.00
Alzheimer's Research UK 3,000.00
Asthma Relief Charity 2,000.00
Back Up 1,000.00
Bipolar UK 3,000.00
Bowel Cancer UK 1,000.00
Breast Cancer Haven 1,000.00
British Heart Foundation 3,000.00
Calibre Audio 1,000.00
Caring for Life - Crag House Farm 10,000.00
Candlelighters 3,000.00
Centrepoint 3,000.00
Child Brain Injury Trust 1,500.00
Children's Heart Surgery Fund 2,000.00
Clothing Solutions 1,000.00
Crohn's & Colitis UK 1,000.00
Cruse Bereavement Care 2,500.00
Cued Speech UK 1,000.00
d:side 2,000.00
Deafblind UK 2,000.00
Debra 2,310.00
Diabetes UK 3,000.00
Disability Action Yorkshire 3,800.00
Fare Share Yorkshire (formerly Crisis FareShare) 1,000.00
Fight for Sight 2,000.00
Growing Works 2,000.00
Heart Research UK 2,000.00
HELP - Harrogate Easier Living Project 1,500.00

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THE GEORGE A MOORE FOUNDATION

HOPE - Halton Moor & Osmondthorpe Project for Elders 1,000.00
Harrogate Hospital 5,000.00
Huntington's Disease Association 3,000.00
Knaresborough Old People's Welfare Association 48,942.50
Leeds City College 5,452.00
Leonard Cheshire (N.E. & Yorkshire Region) 4,000.00
Lifelites 2,000.00
Listening Books 1,000.00
Living Paintings 1,500.00
Low Mill Outdoor Centre 2,000.00
Mencap 1,000.00
MIND 3,000.00
MND Association 5,000.00
Open Country 2,500.00
Pannal Village Hall 1,338.00
Paperworks 2,500.00
Parkinson's UK 3,000.00
Reflect 1,000.00
Retraining of Racehorses 2,500.00
RNIB - Talking Books 2,000.00
Rotary Club of Wetherby Wharfedale 2,000.00
Roy Castle Lung Cancer Foundation 2,000.00
Royal Voluntary Service (formerly WRVS) 5,000.00
Saint Michael's Hospice 3,870.00
SignHealth 3,000.00
Shine (formerly Association for Spina Bifida and
Hydrocephalus -ASBAH) 1,000.00
St Leonard's Hospice 2,500.00
St Gemma's Hospice 2,365.00
St. George's Crypt 1,500.00

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THE GEORGE A MOORE FOUNDATION

Staying Put
Stroke Association
Sue Ryder
Survive (Support for survivors of rape and sexual abuse)
Tadcaster Swimming Pool
Tang Hall Community Centre
The Brain Tumour Charity
The Bridge Project
The Burley Lodge Centre
The Children's Trust
The Fire Fighters Charity
The Island
Place2Be
The Zone
United Response
Wellspring Therapy & Training
Wetherby RUFC
Willow Tree Primary School PTFA
Woodmeadow Trust
Safe & Sound Homes (SASH)
York Scout Activity Centre
YoungMinds		 1,859.00
5,000.00
3,000.00
2,500.00
2,500.00
1,500.00
2,500.00
3,000.00
630.00
3,000.00
1,000.00
1,000.00
2,500.00
2,000.00
3,000.00
2,500.00
2,500.00
3,500.00
2,000.00
1,000.00
1,000.00
3,000.00
236,066.50

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Page 21