| age: | |
|---|---|
| 1 | Reportofthetrustees |
| 4 | Reportoftheindependent auditors |
| 6 | Statementoffinancialactivities |
| 7 | Statementoffinancialposilion |
| I | Statement of cashflows |
| I | Notesformingpartofthefinancialstratements |
| Note | Unrestricted | Expendable | Total | Tctal | |
|---|---|---|---|---|---|
| endowment | |||||
| Income | funds g |
fundsf | 2A21 € |
2g2A E |
|
| Donations | 1 | ||||
| lnvestments | 4 | 242,23V | ?42,X; | 332,150 | |
| Total income | 242,237 | 242,237 | 332J54 | ||
| Expenditure | |||||
| Raisingfunds | 19,429 | 19,429 | J8,866 | ||
| Charitabte activities | 15,697 | t310,64;) | (2S4,S43) | 3,986,694 | |
| Tatal expenditure | 35,126 | {310,646) | (275,52S) | 4,005,560 | |
| Net incomebeforeinvestrnent | 2A7,111 | 310,646 | 517,757 | {3,673,410) | |
| gains/(losses) | |||||
| Other recognised | |||||
| (losses[galns | |||||
| Netgainsl{losses}on investment | 195,759 | 1,295,465 | 1,491,224 | f1,508,902) | |
| assets | |||||
| Netincomeandrnovementin | 402,874 | 1,606,111 | 2,008,981 | d5,182,312) | |
| funds | |||||
| Reconciliation offunds: | |||||
| Totalfundsal1May2AZA | 761,218 | 5,437,472 | 5,799,690 | 10,981,002 | |
| Total fundsat30April2021 | 'x,164,088 | 6,643,583 | 7,8A7,971 | 5,798,690 |
| Note | 2A21 € |
2921I | 2020 E |
2020 € |
|
|---|---|---|---|---|---|
| Fixedassets lnvestments |
7,S25,94{ | 5,991,353 | |||
| Current assets Debtors Current asset investments Cash at bank |
I g |
42,868 2,040,8&4 10,724 |
49,770 4,316,984 7,418 |
||
| 2,094,395 | 4,374,172 | ||||
| Creditors: amountsfallingdue withinoneyear |
10 | {468,1S1} | (2,484,910) | ||
| Netcurrent assets | 1,626,294 | 1,889,262 | |||
| Total assets less current liabilities |
s,252,235 | 7,880,515 | |||
| Creditors: amountsfallingafter | |||||
| morethanoneYear Grantspayable |
11 | {'!,444,565} | {?,081,925) | ||
| Totalnetassets | ::lii | 5,798,6S0 | |||
| Represented by: | |||||
| Cfiarityfunds Unrestrictedfunds |
44. | 1,164,089 | 761,218 | ||
| Expendable endowrnentfunds | 13 | 6,M3,583 | 5,A37,472 | ||
| Totaifunds | 7,807,67{ | 5,7S8,6$0 |
| 2*21 E |
2A20I | ||
|---|---|---|---|
| Cashflows from operatingactivities | |||
| Note | |||
| Net income and movementinfunds Investrnent management fees |
2,008,890 19,429 |
{5,182,312J 18,862 |
|
| Dividends received | 1172,793l' | t272,ggg) | |
| lnterestreceived | 152,1141 | t84"331) | |
| Decrease/ {increase) in receivables lncreaaei{decrease} inpayables Unrealised {gains) / lasses on investments |
6,902 {2,654,169} {1,470,343} |
2s,ga1 3,824,382 1,553,317 |
|
| l.tretcash generat*dtrowzl{expendedby}operatingactivities | {2,314,109) | (110,168) | |
| Castrflowsfrominvestlngactivities | |||
| Dividends received | 26,724 | 36,429 | |
| Investment managementfees | {19,429} | (18,862) | |
| Froceedsfromsale of investrnents | 1,579,7'13 | 782,2'13 | |
| Purchase of [nvestments | {1,595,004} | t852,631',, | |
| Investment in fixed term deposits Proceedsfrommaturity af fixedtermdeposits |
(2,040,804) 4,3S9,098 |
{431e,s84\ 4,463,623 |
|
| Hetcash {investedin} Ireceivedfrominvestingactivities | ?,320,30',1 | 93,788 | |
| Changein cashand eashequivalentsinthe year | 6,193 | i16,380) | |
| Cash and cashequivalentsbroughtforward | ?82,442 | 218.422 | |
| Cash andcash equivalents carriedforward | 15 | 208,235 | 2A2,A42 |
| lnvestment income | ||
|---|---|---|
| 2021{ | 2A2t E |
|
| Distributions reinvested: | ||
| SchroderCharityEquity Fund | {63,396 | 211 ,3S0 |
| JuliusBaer Fund | 26,726 | 36,429 |
| Interest on cash deposits | 52,114 | 84,331 |
| 242,237 | 332,150 |
| n 2S21the totalinvestmentincorne off242,237{?O2A: Raisingfund |
32,1581wasunrestricted" | |
|---|---|---|
| 2021 | 2820 | |
| g | e | |
| lnvestment manager charges | 19,429_ | 18,862 |
| Other costs | 4 | |
| '19,429 | 18,866 |
| Gharitableactivities | ||
|---|---|---|
| 2A21 | 2420 | |
| € | f | |
| Expendable endawmentfunds | ||
| $umr*aryof charitable activity: | ||
| Educational projects | {310,646} | 3,981,681 |
| Socialprojects | 0 | 2,000 |
| (310,646) | 3.983,681 | |
| Unrestricted funds: | ||
| $ummaryof charitable activity: | ||
| Educatisnalprojects | ||
| Socialprojects |
| Charitableactivities{continuedl | ||
|---|---|---|
| Slrpporfcos/s: | ||
| Foreign exchange{gains/losses Bank interest and charges |
8,659 | {5,555) 78 |
| Securities registration fee | 7& | B4 |
| Auditor'sfee for audit services | ||
| - currentyear |
6,960 | 6,600 |
| - prioryear |
{0} | {20), |
| {294,950} | 3,986,694 |
| 2021f | 2020 € |
|
|---|---|---|
| Educational proiects: MIT*Kresge auditorium fund |
3,947,131 | |
| Girl's DaySchsolTrust(SouthHampsteadHighSchcol) | 5,000 | |
| Foreign exchange differences arising on unpaid grant cornmitment | {3,l0,64;} | 29,559 |
| {310"646} | 3,981,681 |
| 2921 | 2020 | |
|---|---|---|
| g | t | |
| Social projects: | ||
| BharatiyatlidyaBhavan | 1,000 | |
| BrahrnaKulmaris | 1,000 | |
| 1,00CI |
| ixedasset investments | ||||
|---|---|---|---|---|
| Securities | Unlisted | Gash heldfor | Total | |
| e | securitiesf | reinvestmentf | investmentsf | |
| MarketValueasat1May2420 | 5,796,729 | 194,84 | 5,991,353 | |
| Purchases | 1,568,277 | {1,5$8,277} | ||
| Sales | {1,579,713} | 1,579,713 | ||
| Distributians reinvested | 172,793 | 172,793 | ||
| Funds withdrawn | {10,000) | {10,s00) | ||
| Olherfund outflswsand | {1s,4291 | #9,429) | ||
| expen$es Unrealisedlrealised{loss)/gaininthe |
1,47A343 | 24,880 | 1,491,224 | |
| yea{ | ||||
| Marketvalueas at30April2021 | 7,428,430 | 197,511 | v,625,941 | |
| Historicalcost as atSA April2B21 | 3,029,714 | 194,624 | 3,227,221 |
| 2fi21 € |
2028f | |
|---|---|---|
| Schroder Charity Equity Fund | 4,954,5CI8 | 3,538,442 |
| Debtors | ||
| 2021f | 202A f, |
|
| Dividends receivable | 38,065 | 20,736 |
| lnterest receivable | 4,803 | 29,433 |
| 42,868 | 49,774 |
| Current asset investments | ||
|---|---|---|
| 2A2', | ||
| € | L | |
| Fixedtermdeposits | 2,040,9a4 | 4,316,984 |
| 2,S40,804 | 4,316,984 |
| 2471 g |
2fi24t | |
|---|---|---|
| Accruals | 6,9S0 | 6,600 |
| Grantspayable | 461,141 | 2,47834 |
| 468,101 | ?,484,910 |
| Creditors: arncuntsfallingduein more than | oneyear | |
|---|---|---|
| 2A21 | 2020 | |
| g. | f | |
| GrantspayabNe | 1,444,595 | 2,881,925 |
| 1,444,565 | Z,Affi,925 |
| 2A21 | 2020 | |
|---|---|---|
| € | g | |
| Financial assets rneasuredatfairvaluethroughincome andexpenditure | 9,677,469 | 10,315,755 |
| -$ecurities,sash and currentassetinvestrnente | ||
| Financial asseta measuredatarnortisedcost - Other debtors and | 42,868 | 49,770 |
| accrued income | ||
| 9,72fi,337 | ,*r:iru | |
| Financial liabilities measuredatfair value*Accruals and grantcreditor | l,gt2,666 | 4,566,835 |
| $tatement of fund | s*currentyear | ||||
|---|---|---|---|---|---|
| Net | lnvestrnent | ||||
| Opening | incomel | gainsl | Closing | ||
| balance t |
{expense} t |
Transfers € |
{losses} E |
balsnce f |
|
| Expendable | 5,037,471 | 31A,ME | 1,295,485 | 6,543,582 | |
| endowmentfunds | |||||
| Unrestrictedfunds | 701,218 | 207,111 | :v: | 1,164,088 | |
| Tctalfunda | ::Y | 517,75V | 1,491,224 | 7,997,678 |
| Statementof fund | s-prior year | ||||
|---|---|---|---|---|---|
| Het | Investrnent | ||||
| Opening | incorne | gainsl | Closing | ||
| balanse f |
f | Transfers € |
{losses} E |
halance f, |
|
| Expendable | 10,458,219 | (3,983,681) | t1,437,A661 | 5,fi37,471 | |
| endowmentfunds | |||||
| Unrestrictedfunds | 522,783 | 31A,271 | {71,836} | 761,218 | |
| Total Funds | 10,991,002 | {3,673,410} | (1,508,902) | 5,798,689 |
| Current year | |||
|---|---|---|---|
| Unrestricted | Endowment | Total | |
| funds | Funds | Balance | |
| E | E | E | |
| lnvestments | 921,314 | 6,744,627 | 7,625,941 |
| Cunentasset investrnents | 296,143 | 1,744,661_ | 2,fr41,8A4 |
| Cash | 14,724 | 10,724 | |
| Debtors | 42,868 | 42,868 | |
| Creditors: | |||
| Arncunts due in lessthanone year | {106,960} | {361,141} | {46S,101) |
| Amounts due in rnorethanoneyear | {1,444,565',) | 11,444"5851 | |
| At30,4pri12021 | 1,164,088 | 6,643,592 | 7,897,674 |
| Frior year | |||
|---|---|---|---|
| Unrestricted | Erdaunnent | Total | |
| funds | Funds | Balance | |
| e | E | g | |
| lnvestments | x,455,746 | 4,935,647 | 5,991,353 |
| Cunentasset investments | 251,289 | 4,A85,715 | 4,316,984 |
| Cash | 57,418 | 7,419 | |
| Debtors | 49,778 | - | 49,774 |
| Creditors: | |||
| amounts due in lessthanoneyear | d582,985t | t1,981,925) | {2,494,91*} |
| antounts due in morethanoneyear | (100,000) | t1,*91,925|tz,a$,925j | |
| At 30April2020 | 761,218 | *,a37,472 | 5,799,690 |
| Analysis of cash andcashequivalents | ||
|---|---|---|
| 2A21f | 2024 € |
|
| Cashatbank and in hand | 10,724 | 7.418 |
| Cash held aspartofthe Foundation'sinvestment strategy | 197,511 | 154,824 |
| 268,235 | 2A2,042 |