| Page | ||||
|---|---|---|---|---|
| Trustees' Annual Report |
1-6 | |||
| Independent Examiner's |
report to the trustees | |||
| Statement of Financial |
Activities | (including | Income and | |
| Expenditure Account) |
||||
| Balance Sheet | ||||
| Notes to the financial statements |
| Registered | charity name | charity name | charity name | charity name | Orient Foundation | Orient Foundation | for Arts | and Culture |
|---|---|---|---|---|---|---|---|---|
| Charity registration | number | 287817 | ||||||
| Company | registration | number | 01749152 | |||||
| Principal office and | registered | Cooper House | ||||||
| office | Lower Charlton | Estate | ||||||
| Shepton Mallet |
||||||||
| Somerset | ||||||||
| BA4 5QE | ||||||||
| Chief executive officer | G Coleman | |||||||
| The trustees | J Heywood | |||||||
| D H G Lascelles, | Earl of Harewood | |||||||
| Prof Dr J Anderson | ||||||||
| R Broadbank | ||||||||
| M Jacobsgaard | ||||||||
| E Walker | ||||||||
| R Z Fleming | ||||||||
| A B H Turnbull (appointed |
7 June 2021) | |||||||
| Company | secretary | J Heywood | ||||||
| Independent | Examiner | Joshua Kingston |
ACA | |||||
| Burton Sweet Ltd | ||||||||
| Chartered accountant |
||||||||
| Cooper House | ||||||||
| Lower Charlton | Estate | |||||||
| Shepton Mallet |
||||||||
| Somerset BA4 5QE |
| Unrestricted | Restricted | Total Funds | Total Funds | ||||
|---|---|---|---|---|---|---|---|
| Funds | Funds | 2022 | 2021 | ||||
| Note | |||||||
| Income from: | |||||||
| Donations | and legacies | 276,539 | 276,539 | 192,517 | |||
| Charitable | activities | 43,189 | 43,189 | 33,372 | |||
| Investments | 3 | 3 | 6 | ||||
| Total income | 43, 192 | 276,539 | 319,731 | 225,895 | |||
| Expenditure | on: | ||||||
| Charitable | activities | 4,312 | 214,219 | 218,531 | 220,782 | ||
| Total expenditure | 4,312 | 214,219 | 218,531 | 220,782 | |||
| Net income/(expenditure) movement in funds |
and net | 38,880 | 62,320 | 101,200 | 5,113 | ||
| Total funds | at start ofyear | 17 | 477,211 | 32,292 | 509,503 | 504,390 | |
| Total funds | at end ofyear | 17 | 516,091 | 94,612 | 610,703 | 509,503 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Note | |||||
| Fixed assets | |||||
| Tangible assets | 13 | 364,934 | 358,310 | ||
| Investments | 14 | 2 | 2 | ||
| 364,936 | 358,312 | ||||
| Current assets | |||||
| Debtors | 15 | 107,511 | 116,376 | ||
| Cash at bank and | in hand | 144,850 | 45,388 | ||
| 252,361 | 161,764 | ||||
| Liabilities | |||||
| Creditors: amounts | falling | ||||
| due within one | year | 16 | (6,594) | (10,573) | |
| Net current | assets | 245,767 | 151,191 | ||
| Total assets | less current liabilities | 610,703 | 509,503 | ||
| Net assets | 610,703 | 509,503 | |||
| FUNDS | |||||
| Unrestricted | funds | ||||
| General | funds | 18 | 516,091 | 477,211 | |
| Restricted funds | 18 | 94,612 | 32,292 | ||
| Total funds | 610,703 | 509,503 |
| Plant and machinery | 4-25%%uo straight | line |
|---|---|---|
| Fixtures and fittings | 10-15%%uostraight | line |
| Motor vehicles | 15-25%%uostraight | line |
| Archive 8 database |
No depreciation |
| Income from: Donations and |
legacies | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Total Funds | ||
| Funds | Funds | 2022 | 2021 | ||
| Z | E | ||||
| Donations | 101,224 | 101,224 | 29,575 | ||
| Grants received | |||||
| Donations received through | TMS | 175,315 | 175,315 | 162,942 | |
| 276,5 9 | 276,539 | 192,517 |
| Income from: Charitable activities |
||||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Total Funds | |
| Funds | Funds | 2022 | 2021 | |
| E | E | E | ||
| Royalities from publications | 43,189 | 43,189 | 33,372 | |
| Sale of publications | ||||
| 43, 189 | 43,189 | 33,372 |
| Current y | ear | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||||||
| Funds | Funds | 2022 | ||||||
| f. | E | |||||||
| Online services, multimedia | library | 8,archive development | 4,312 | 115,617 | 119,929 | |||
| Donations | to charities | in India 8, Nepal received | from TMS | 92,215 | 92,215 | |||
| Support costs | 6,387 | 6,387 | ||||||
| 4,312 | 214,219 | 218,531 | ||||||
| Prior year | ||||||||
| Unrestricted | Restricted | Total Funds | ||||||
| Funds | Funds | 2021 | ||||||
| E | E | |||||||
| Online services, multimedia | library | 8,archive development | 1,443 | 102,799 | 104,242 | |||
| Donations | to charities | in India 8 Nepal received | from TMS | 110,714 | 110,714 | |||
| Support costs | 5,826 | 5,826 | ||||||
| 1,443 | 219,339 | 220,782 |
| Support costs | ||||
|---|---|---|---|---|
| Charitable | Total | Total | ||
| Activities | 2022 | 2021 | ||
| E | ||||
| Finance costs | 1,374 | 1,374 | 1,392 | |
| Governance | costs | |||
| Independent | Examiner's fee | 2,763 | 2,763 | 2,634 |
| Bookkeeping | 2,250 | 2,250 | 1,800 | |
| 6,387 | 6,387 | 5,826 |
| The ag | gregate payroll costs were: |
||
|---|---|---|---|
| 2022 | 2021 | ||
| E | |||
| Wages | 8,salaries | 48,277 | 46,870 |
| Social | security costs | 849 | 858 |
| 49,126 | 47,728 |
| 12 | Statement of Financial Activities comparative |
Statement of Financial Activities comparative |
Statement of Financial Activities comparative |
figures | |||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |||||
| Forthe year ended 31March 2021 | Funds | Funds | 2021 | ||||
| Income from: | |||||||
| Gifts and donations | 192,517 | 192,517 | |||||
| Charitable activities |
33,372 | 33,372 | |||||
| Investments | 6 | 6 | |||||
| Total income | 33,378 | 192,517 | 225,895 | ||||
| Expenditure on: |
|||||||
| Charitable activities |
1,443 | 219,339 | 220,782 | ||||
| Total expenditure | 1,443 | 219,339 | 220,782 | ||||
| Net income/(expenditure) and net movement |
in | for the year funds |
31,935 | (26,822) | 5,113 | ||
| Total funds at start ofyear | 445,276 | 59,114 | 504,390 | ||||
| Total funds at end ofyear | 477,211 | 32,292 | 509,503 | ||||
| 13 | Tangible fixed assets |
| Plant, | |||||
|---|---|---|---|---|---|
| machinery, | |||||
| fixtures L | Motor | Archive 8, |
|||
| fittings | vehicles | database | Total | ||
| f. | E | E | |||
| Cost or valuation | |||||
| At | 1 April 2021 | 129,891 | 32,403 | 647,017 | 809,311 |
| Additions | 1,094 | 15,121 | 16,215 | ||
| At | 31 March 2022 | 130,985 | 32,403 | 662,138 | 825,526 |
| Depreciation | |||||
| At | 1 April 2021 | 126,592 | 20,350 | 304,059 | 451,001 |
| Charge for the year | 1,490 | 8,101 | 9,591 | ||
| At | 31 March 2022 | 128,082 | 28,451 | 304,059 | 460,592 |
| Net book value | |||||
| At | 31 March 2022 | 2,903 | 3,952 | 358,079 | 364,934 |
| At | 31 March 2021 | 3,299 | 12,053 | 342,958 | 358,310 |
| 2022 | 2021 |
|---|---|
| E |
| Debtors | |||
|---|---|---|---|
| 2022 | 2021 | ||
| Due in less than one year: | |||
| Trade debtors | 15,072 | 15,000 | |
| Prepayments | and accrued income | 10,200 | 10,200 |
| VAT | 1,339 | 76 | |
| Intercompany | TMS | ||
| 26,611 | 25,276 | ||
| Due in More than one year: | |||
| Prepayments | and accrued income | 80,900 | 91,100 |
| 80,900 | 91,100 |
| Creditors: amounts falling due within one year |
||
|---|---|---|
| 2022 | 2021 | |
| E, | ||
| Trade creditors | 65 | 420 |
| Other creditors | 2,679 | 6,553 |
| Accruals and deferred income | 3,850 | 3,600 |
| 6,594 | 10,573 |
| For the year | ended 31 Marc | h 2022 | |||||
|---|---|---|---|---|---|---|---|
| At 1 April | At 31 March | ||||||
| 2021 | Income | Expenditure | 2022 | ||||
| E | E | ||||||
| Restricted funds | |||||||
| Online services, multimedia | library | 8, archive | |||||
| development | 32,292 | 276,539 | (214,219) | 94,612 | |||
| 32,292 | 276,539 | (214,219) | 94,612 | ||||
| Unrestricted | funds | ||||||
| General funds | 477,211 | 43,192 | (4,312) | 516,091 | |||
| 477,211 | 43,192 | (4,312) | 516,091 | ||||
| Total funds | 509,503 | 319,731 | (218,531) | 610,703 |
| For the year | ended 31 Marc | h 2021 | |||||
|---|---|---|---|---|---|---|---|
| At 1 April | At 31 March | ||||||
| 2020 | Income | Expenditure | 2021 | ||||
| E | E | 'E | E | ||||
| Restricted funds | |||||||
| Online services, multimedia | library | 8,archive | |||||
| development | 59,114 | 192,517 | (219,339) | 32,292 | |||
| 59,114 | 192,517 | (219,339) | 32,292 | ||||
| Unrestricted | funds | ||||||
| General funds | 445,276 | 33,378 | (1,443) | 477,211 | |||
| 445,276 | 33,378 | (1,443) | 477,211 | ||||
| Total funds | 504,390 | 225,895 | (220,782) | 509,503 |
| Unrestricted | Unrestricted | ||||
|---|---|---|---|---|---|
| Restricted | Designated | General | Total | ||
| As at 31 | March 2022 | Funds | Funds | Funds | |
| E | E | E | |||
| Tangible | fixed assets | 364,934 | 364,934 | ||
| Other net assets | 94,612 | 151,157 | 245,769 | ||
| 94,612 | 516,091 | 610,703 | |||
| Unrestricted | Unrestricted | ||||
| Restricted | Designated | General | Total | ||
| As at 31 March 2021 | Funds | Funds | Funds | ||
| E | |||||
| Tangible | fixed assets | 358,310 | 358,310 | ||
| Other net assets | 32,292 | 118,901 | 151,193 | ||
| 32,292 | 477,211 | 509,503 |