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|age:||
|---|---|
|1|Reportofthetrustees|
|4|Reportoftheindependent auditors|
|6|Statementoffinancialactivities|
|7|Statementoffinancialposilion|
|I|Statement of cashflows|
|I|Notesformingpartofthefinancialstratements|
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||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|
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||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$0|
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|||2*21
E|2A20I|
|---|---|---|---|
|Cashflows from operatingactivities||||
||Note|||
|Net income and movementinfunds
Investrnent management fees||2,008,890
19,429|{5,182,312J
18,862|
|Dividends received||1172,793l'|t272,ggg)|
|lnterestreceived||152,1141|t84"331)|
|Decrease/ {increase) in receivables
lncreaaei{decrease} inpayables
Unrealised {gains) / lasses on investments||6,902
{2,654,169}
{1,470,343}|2s,ga1
3,824,382
1,553,317|
|l.tretcash generat*dtrowzl{expendedby}operatingactivities||{2,314,109)|(110,168)|
|Castrflowsfrominvestlngactivities||||
|Dividends received||26,724|36,429|
|Investment managementfees||{19,429}|(18,862)|
|Froceedsfromsale of investrnents||1,579,7'13|782,2'13|
|Purchase of [nvestments||{1,595,004}|t852,631',,|
|Investment in fixed term deposits
Proceedsfrommaturity af fixedtermdeposits||(2,040,804)
4,3S9,098|{431e,s84\
4,463,623|
|Hetcash {investedin} Ireceivedfrominvestingactivities||?,320,30',1|93,788|
|Changein cashand eashequivalentsinthe year||6,193|i16,380)|
|Cash and cashequivalentsbroughtforward||?82,442|218.422|
|Cash andcash equivalents carriedforward|15|208,235|2A2,A42|
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|lnvestment income|||
|---|---|---|
||2021{|2A2t
E|
|Distributions reinvested:|||
|SchroderCharityEquity Fund|{63,396|211 ,3S0|
|JuliusBaer Fund|26,726|36,429|
|Interest on cash deposits|52,114|84,331|
||242,237|332,150|
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|n 2S21the totalinvestmentincorne off242,237{?O2A:*
Raisingfund*|32,1581wasunrestricted"||
|---|---|---|
||2021|2820|
||g|e|
|lnvestment manager charges|19,429_|18,862|
|Other costs||4|
||'19,429|18,866|
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|Gharitableactivities|||
|---|---|---|
||2A21|2420|
||€|f|
|Expendable endawmentfunds|||
|$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|||
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|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|
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|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|
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|Current asset investments|||
|---|---|---|
||2A2',||2828|
||€|L|
|Fixedtermdeposits|2,040,9a4|4,316,984|
||2,S40,804|4,316,984|
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||2471
g|2fi24t|
|---|---|---|
|Accruals|6,9S0|6,600|
|Grantspayable|461,141|2,47834|
||468,101|?,484,910|
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|Creditors: arncuntsfallingduein more than|oneyear||
|---|---|---|
||2A21|2020|
||g.|f|
|GrantspayabNe|1,444,595|2,881,925|
||1,444,565|Z,Affi,925|
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||2A21|2020|
|---|---|---|
||€|g|
|Financial assets rneasuredatfairvaluethroughincome andexpenditure|9,677,469|10,315,755|
|-$ecurities,sash and currentassetinvestrnente|||
|Financial asseta measuredatarnortisedcost - Other debtors and|42,868|49,770|
|accrued income|||
||9,72fi,337|,*r:iru|
|Financial liabilities measuredatfair value*Accruals and grantcreditor|l,gt2,666|4,566,835|
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|$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|
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|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|
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|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|
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|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|
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