| Note | Unrestricted | Expendable | Total | Total | ||||
|---|---|---|---|---|---|---|---|---|
| endowment | ||||||||
| Income | funds | funds | 2022 E |
2021f | ||||
| Donations | ||||||||
| Investments | 233,120 | 233,120 | 242,237 | |||||
| Total income | 233,120 | 233,120 | 242,237 | |||||
| Expenditure | ||||||||
| Raising funds | 5 | 20,124 | 20,124 | 19,429 | ||||
| Charitable activities |
6 | 1,194,523 | 1,194,523 | (294,949) | ||||
| Total expenditure | 1,214,647 | 1,214,647 | (275,520) | |||||
| Net income/(expenditure) | (981,527) | (981,527) | 517,757 | |||||
| Transfers between |
funds | 1,186,749 | (1,186,749) | |||||
| Net income/(expenditure) | before | 205,222 | (1,186,749) | (981,527) | ||||
| investment gains/(losses) |
||||||||
| Other recognised | ||||||||
| (losses)/gains | ||||||||
| Net gains/(losses) | on investment | 73,579 | 419,921 | 493,500 | 1,491,224 | |||
| assets | ||||||||
| Net income and movement | in | 278,801 | (766,828) | (488,027) | 2,008,981 | |||
| funds | ||||||||
| Reconciliation of |
funds: | |||||||
| Total funds at 1 May 2021 | 1,164,088 | 6,643,583 | 7,807,671 | 5,798,690 | ||||
| Total funds at 30 | April 2022 | 1,442,889 | 5,876,755 | 7,319,644 | 7,807,671 |
| Note | 2022 | 2022 | 2021 | 2021 | |||
|---|---|---|---|---|---|---|---|
| F | E | ||||||
| Fixed assets | |||||||
| Investments | 8,279,734 | 7,625,941 | |||||
| Current assets | |||||||
| Debtors | 59,140 | 42,868 | |||||
| Current asset investments | 2,040,804 | ||||||
| Cash at bank | 579,135 | 10,724 | |||||
| 638,276 | 2,094,395 | ||||||
| Creditors: amounts | falling due | ||||||
| within one year | 10 | (405,333) | (468,101) | ||||
| Net current assets | 232,943 | 1,626,294 | |||||
| Total assets less current | |||||||
| liabilities | 8,512,677 | 9,252,235 | |||||
| Creditors: amounts | falling after | ||||||
| more than one year | |||||||
| Grants payable | (1,193,033) | (1,444,565) | |||||
| Total net assets | 7,319,644 | 7,807,671 | |||||
| Represented by: |
|||||||
| Charity funds | |||||||
| Unrestricted funds |
13 | 1,442,889 | 1,164,088 | ||||
| Expendable endowment |
funds | 13 | 5,876,755 | 6,643,583 | |||
| Total funds | 7,319,644 | 7,807,671 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| E | E | |||||
| Cash flows from operating activities |
||||||
| Note | ||||||
| Net income and movement in funds |
(488,027) | 2,008,980 | ||||
| Investment management fees |
20,124 | 19,429 | ||||
| Dividends received |
(205,417) | (172,793) | ||||
| Interest received | (6,628) | (52,114) | ||||
| Decrease/ (increase) in receivables |
(16,272) | 6,902 | ||||
| Increase / (decrease) in payables |
(314,300) | (2,654,169) | ||||
| Unrealised (gains) / losses on investments |
(452,264) | (1,470,343) | ||||
| Net cash generated from / (expended |
by) operating | activities | (1,462,784) | (2,314,109) | ||
| Cash flows from investing activities |
||||||
| Dividends received |
205,417 | 26,726 | ||||
| Investment management fees |
(20,124) | (19,429) | ||||
| Proceeds from sale of investments | 357,289 | 1,579,713 | ||||
| Purchase of investments | (480,688) | (1,595,004) | ||||
| investment in fixed term deposits |
(2,040,804) | |||||
| Proceeds from maturity offixed term deposits |
2,047,432 | 4,369,098 | ||||
| Net cash (invested in) / received from |
investing | activities | 2,109,326 | 2,320,301 | ||
| Change in cash and cash equivalents |
in the year | 646,542 | 6,193 | |||
| Cash and cash equivalents brought forward |
208,235 | 202,042 | ||||
| Cash and cash equivalents carried forward |
15 | 854,777 | 208,235 |
| Investment income |
|||
|---|---|---|---|
| 2022 | 2021 | ||
| F | |||
| Distributions reinvested: |
|||
| Schroder Charity | Equity Fund | 196,518 | 163,396 |
| Julius Baer Fund | 29,974 | 26,726 | |
| Interest on cash | deposits | 6,628 | 52,114 |
| 233,120 | 242,237 |
| Raising fun | ds | |||||
|---|---|---|---|---|---|---|
| 2022f | 2021 E |
|||||
| Investment | manager charges | 20,124 | 19,429 | |||
| Other costs | ||||||
| 20,124 | 19,429 | |||||
| n 2022 ofthe total costs | relating | to raising funds, | anil (2021:anil) was unrestricted. | |||
| Charitable | activities | |||||
| 2022 | 2021 | |||||
| Expendable | endowment | funds | ||||
| Summary ofcharitable |
activity: | |||||
| Educational | projects | (310,646) | ||||
| Social projects | 0 | |||||
| (310,646) | ||||||
| Unrestricted | funds: | |||||
| Summary of charitable |
activity: | |||||
| Educational | projects | 1,140,749 | ||||
| Social projects | 46,000 | |||||
| 1,186,749 |
| Support | costs: | |||
|---|---|---|---|---|
| Foreign | exchange (gains)/losses | 8,659 | ||
| Bank interest and charges | 40 | |||
| Securities registration | fee | 78 | 78 | |
| Auditor's | fee for audit | services | ||
| current year | 7,656 | 6,960 | ||
| prior year | (0) | (0) | ||
| 1,194,523 | (294,950) |
| 2022 | 2021f | ||||
|---|---|---|---|---|---|
| Educational projects: |
|||||
| MIT —Kresge auditorium | fund | ||||
| Zoological Society of London | 1,000,000 | ||||
| Foreign exchange differences | arising on unpaid | grant commitment | 140,749 | (310,646) | |
| 1,140,749 | (310,646) | ||||
| 2022 | 2021 | ||||
| F | |||||
| Social projects: | |||||
| Women's India Association |
10,000 | ||||
| Baroness Pola Uddin | 1,000 | ||||
| Unicef India Emergency | Fund | 25,000 | |||
| Unicef Ukraine Crisis |
10,000 | ||||
| 46,000 |
| ixed asset investm | ents | |||||
|---|---|---|---|---|---|---|
| Securities | Unlisted | Cash held for | Total | |||
| securities | reinvestment | investments | ||||
| f. | F | |||||
| Market Value as at | 1 May 2021 | 7,428,430 | 197,511 | 7,625,941 | ||
| Purchases | 275,271 | (275,271) | ||||
| Sales | (357,289) | 357,289 | ||||
| Distributions reinvested |
205,417 | 205,417 | ||||
| Funds withdrawn | (25,000) | (25,000) | ||||
| Other fund outflows | and | (20,124) | (20,124) | |||
| expenses | ||||||
| Unrealised/realised | (loss)/gain | in the | 452,264 | 41,236 | 493,500 | |
| year | ||||||
| Market value as at | 30April 2022 | 8,004,093 | 275,641 | 8,279,734 | ||
| Historical cost as at 30April 2022 | 2,997,365 | 275,641 | 3,273,006 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Schroder Charity | Equity Fund | 5,711,332 | 4,954,508 | ||
| 8 | Debtors | ||||
| 2022 | 2021 | ||||
| f, | |||||
| Dividends | receivable | 59,140 | 38,065 | ||
| Interest receivable | 4,803 | ||||
| 59,140 | 42,868 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| E | ||||
| Fixed | term | deposits | 2,040,804 | |
| 2,040,804 |
| 10 | Creditors: amounts | falling due in less than one year | ||
|---|---|---|---|---|
| 2022 | 2021f | |||
| Accruals | 7,656 | 6,960 | ||
| Grants payable | 397,677 | 461,141 | ||
| 405,333 | 468, 101 |
| Credit | ors: amounts falling due in more than |
one year | |
|---|---|---|---|
| 2022f | 2021 | ||
| Grants | payable | 1,193,033 | 1,444,565 |
| 1,193,033 | 1,444,565 |
| 2022f | 2021 f. |
|||||
|---|---|---|---|---|---|---|
| Financial | assets measured | at fair value through | income and expenditure | 8,858,870 | 9,677,469 | |
| -Securities, cash | and current asset investments | |||||
| Financial | assets measured | at amortised cost - |
Other debtors and | 59,140 | 42,868 | |
| accrued | income | |||||
| 8,918,010 | 9,720,337 | |||||
| Financial | liabilities | measured | at fair value —Accruals and grant creditor | 1,553,783 | 1,912,666 |
| Unrestricted | Endowment | Total | ||
|---|---|---|---|---|
| funds | Funds | Balance | ||
| Investments | 1,703,295 | 6,576,439 | 8,279,734 | |
| Current asset investments | (891,026) | 891,026 | ||
| Cash | 579,136 | 579,136 | ||
| Debtors | 59,140 | 59,140 | ||
| Creditors: | ||||
| Amounts | due in less than one year | (7,656) | (397,677) | (405,333) |
| Amounts | due in more than one year | (1,193,033) | (1,193,033) | |
| At 30April 2022 | 1,442,889 | 5,876,755 | 7,319,644 | |
| Prior year | ||||
| Unrestricted | Endowment | Total | ||
| fundsf | Funds | Balance E |
||
| Investments | 921,314 | 6,704,627 | 7,625,941 | |
| Current asset investments | 296,143 | 1,744,662 | 2,040,805 | |
| Cash | 10,724 | 10,724 | ||
| Debtors | 42,868 | 42,868 | ||
| Creditors: | ||||
| amounts | due in less than one year | (106,960) | (361,141) | (468,101) |
| amounts | due in more than one year | (1,444,565) | (1,444,565) | |
| At 30April 2021 | 1,164,088 | 6,643,583 | 7,807,671 |
| Analy | sis ofcash | and cash equivale | nts | |||
|---|---|---|---|---|---|---|
| 2022f | 2021 f'. |
|||||
| Cash | at bank and | in hand | 579,136 | 10,724 | ||
| Cash | held as part | ofthe Foundation's | investment | strategy | 275,641 | 197,511 |
| 854,777 | 208,235 |