2022-07-31-accounts - The Reading Foundation

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		Page
Reference and admlnlstratlve	details ofthe Charity, ItsTruslees and advisers	1-2
Trustees' mport		3-5
Independent audltoW report	on the Ilnanctal shrtements	8-9
Statement ofSnanclal actlvtdes		tg
Balance sheet		11-12
Statement ofcash flows		13
Notes tothe llnanclal statements		14-28

							As restated
			Endowment	Restricted	Unmstrlcted	Total	Total
			funds	funds	funds	funds	funds
		Note	2022 6	2022 8	2022 6	2022 6	2021f
Income and
endowments from:
Donations and legacies Investments		4 5	68,831	12,000 2,045	3,1N 1~	15,160 70,080	10 211,587
Total Income and
endowments			66,631	14,045	4,564	85,240	211,597
Expenditure on:
Charitable activities		8	296,296	112,710	31,0N	440,006	245,102
Total expenditure			20B406	112,710	31,0N	440,008	245,192
Net expenditure
before net
gooses)lgalns on Investments			(229,855)	(06,666)	(25,436)	(354,756)	(33,595)
Net (losses)/gains investments	on		(4,301)	(217)	7,3ST	2,T80744,075
Net (expendltum)l Income			(234,056)	(08,882)	(19,03S)	(351,077)	710,480
Transfers between funds		13	272WB		(272')
Net movement In
funds			38r430	(08,882)	(2$1,534)	(351,077)	710,480
Recondllatlon of
funds:
Total funds brought
forward as previously
stated			2,719,952	1,817,866	1,023,408	5,581,226	4,819,746
Prior year adjustment					(31,0N)	(31,000)
Total funds brought forward as restated			2,719,S52	1,817,866	092~	5,530,226	4,819,746
Net movement in funds			38~	(08,882)	(201,534)	(351,077)	710,480
Total funds carried
forward			2,758,3S1	1,718,$84	TNJI74	5,178,249	5,530,226

						As restated
						2021
						F
Fixed assets
Investments				4,910,749		5,299,209
				4,$10,74$		5,299,209
Cunsrd assets
Debtors		10	127,659		234,057
Cash at bank and in hand			14IL241		18,360
					P
			275,900		250,417
Creditors: amounts falling due within one year		11	(8~)		(19,400)
Net cunent	assets ISablgtles			287,500		231,017
Total assets	less current Ilabgltles			5,178,249		5,530,226
Total net assets				5,178,249		5,530,226
Chadiy funds
Endowment	funds	13		2,758,391		2,719,952
Restricted funds		13		1,718,984		1,817,866
Unrestricted	funds	13		700,874		992,408
Total funds				5,178,24$		5,530,226

		FORT	HEYEAR ENDED 31JULY2022
					As restated
				2022 8	2021 f
Cash Sows from operating		activities
Net cash	used in opera6ng	acbvibes		(344,800)	(307,157)
Cash fhnss from Investing		acgvttles
Dividends,	interests and rents from investments			85,240	211,587
Proceeds	from sale ofInvestments			301/50
Pumhase	ofinvestments				(15,000)
Net cash	provided by Investing acgvttles			476,400	186,587
Change In cash and cash		equivalents In	the year	131,881	(110„570)
Cash and	cash equivalents	atthe beginning	ofthe year	15,360	126,930
Cash and	cash equivalents	atthe end of	the year	148W1	16,360
The notes	on pages 14to28form part ofthese 6nanctal statements

			Restricted	Unmstrlcted	Total	Total
			funds	funds	funds	funds
			2022	2022	2022	2021
			5		8	2
Donations				3,160	15,100	10
Total 2021				10	10
Investment	Income
		Endowment	Restricted	Unmsblcted	Total	Total
		funds	funds	funds	funds	funds
		2022	2022	2022	2022	2021
			8	8	8	2
Investment	income		1,978	1,311	89,920	211,547
Bank interest received			67	93	160	40
		66,631	2,045	1,404	70,080	211,587
Total 2021		115,736	89,950	5,901	211,587

		Grards to	Grants	to	Total	Total
		InsStu6 one	Individuals		funds	funds
		2022	2022		2022	2021
		8		8	8	8
Grants awarded		89,000	20,000		109,NO	88,000
Total 2021		73,000	15,000		88,000
Grants awarded
					2022	2021
					8	6
Grants to	Institutions
Reading School Awards and Senior Prizes					89,NO	73,000
					89,000	73,000
Grants to	Individuals
Enrichment	programme				20,NO	15,000
					20,000	15,000

				As resbded
		Unrestricted	Total	Total
		funds	funds	funds
		2022	2022	2021
		6	8	8
Building fund	project			50,823
School maintenance		242,228	242,228
Development	grant	46,000	46,NO	60,000
Waterhouse	cost	31,000	31,NO	31,000
Total 2022		319,228	319,228	141,823
Total2021		141,823	141,823

		Unrestrtcted	Total	Total
		funds	funds	funds
		2022	2022	2021
		6	8
Audit fees		8,880	8,880	5,018
Other accountancy	coals	600	600	1,192
Legal and professional fees				3,330
Other indirect costs		48	48	g
Clerks' fess		2,250	2,250	5,800
Total 2022		11,778	11,778	15,349
Total 2021		15,349	15,349

					As restated
	Charity direct costs 2022	Grani funding 2022	Governance costs 2022	Total funds 2022	Total funds 2021
	6	8	6	6	2
Expenditure	319,228	109,000	11,778	440,006	245,192
Total 2021	141,823	88,000	15,369	245,192

			General	Endowed
		Restricted	Funds	Funds
		Funds Award Fund	Young Beriuest	School Charity	Total funds	Total funds 2021
						6
Balance at 1August 2021		1,776,963	401,199	3,121,113	5,2$$,275	4,540,167
Additions						15,000
Disposaks		(93,468)		(303,943)	(397,411)
Transfer
Unrealised	gains	(2,999)	7,397	4,552	8,950	744,075
Balance at31July 2022		1,680,496	408,596	2,821,722	4,$10,&14	5,299,242
Historical	Cost ofInvestments	1776962	401,167	3,121,113	5,299,242

				2022	2021
Opening value ofpermanent		endowment		2,889,600	2,624,000
Opening value ofunapplied		total return		30,352	1,283
Less
Original value ofgilt				(1,100,000)	(1,100,000)
Indexa5on				(1,586,600)	(1,524,000)
				30,352	1,283
Investment	return: dividends	and interest		66,631	115,736
Investment	return: realised	and unrea8sed	gains and (losses)	(4552)	432,678
Total return	before tmnsfer			92,431	549,695
Less
Total return	applied			(90,880)	(519,343)
Unapplied	total return			1,551	30,352
AEIEI
Original value of9lft				1,100,000	1,100,000
Indexatlon				1,656,840	1,589,600
Total				2,758,391	2,719,952

@element offunds FORT	@element offunds FORT	HEYEAR	ENDED 31J	UL	Y2022
Statement offunds - curmnt year
	As mstated
	Balance at 1
	August				Transfers	Galnsl	Balance at
	2021 8	Income 8	Expendlbrm	f	In/out	(Losses) 8	31July 2022 8
Unrsstrtcted
funds
General Funds	607,807		(31,000)		(272,405)		364,402
Young Bequest	324,511	4,564				7,30T	336,472
	902,4Q5	~	(31,0QQ)		(27m5)	7,3$7	700,674
Endowment
funds
School Charily
(Queens Road)
Permanent	2,689,800				67,240		2,756,840
School Charity
Unapplied Total
Return	30,352	60,631	(208400)		205,255	(4,301)	1,551
	2,710,052	55,631	(206,206)		272&5	(4,301)	2,758,301
Restricted
funds
Award Fund	1,817,856	14,045	(112,T10)			(217)	1,718,084
Total offunds	5.530.228	85.240	(440,006)			2,780	5,178,249

Statement offund	s - prior year
	Balance at					As restated
	1August 2020 5	Income f	As restated Expenditure 5	Transfers in/out 5	Gainsl (Losses) 5	Balance at 31 July 2021 f
Unrestricted
funds
General Funds	367,740		(31,000)	331,157		667,897
Young Bequest	258,139	5,911			60,461	324,511
	625,879	5,911	(31,000)	331,157	60,461	992,408
Endowment
funds
School Charity
(Queens Road) Permanent	2,624,000			65,600		2,689,600
School Charity
Unapplied Total Return	1,283	115,736	(122,586)	(396,757)	432,676	30,352
	2,625,283	115,736	(122,586)	(331,157)	432,676	2,719,952
Restricted
funds
Award Fund	1,568,584	89,950	(91,606)		250,938	1,817,866
Total offunds	4819746	211597	(245 192)	-	744.075	5530226

Summary offund	s -cunent year
	As restated
	Balance at 1 August 2021 8	Income 8	Expenditure 8	Transfem Inlout 5	Galnsl (Losses) 6	Balance at 31 July 2022 8
General funds	982~	4,564	(31,0N)	(272v4$5)	7,397	700,874
Endowment funds	2,719,$52	68,631	(288,296)	272,495	(4,391)	2,758,391
Restricted funds	'I,S17,866	14,045	(112,710)		(217)	1,718JI84
	5,530,226	85,240	(440,008)	-	2,TSS	5,178,249
Summary offunds -prior year
	Balance at					Restated
	1 August 2020 5	Income 6	As restated Expenditure 6	Transfers In/out	Gains/ (Losses) 6	Balance at 31July 2021 5
General funds	625,879	5,911	(31,000)	331,157	60,461	992,408
Endowment funds	2,625,283	115,736	(122,586)	(331,157)	432,676	2,719,952
Restricted funds	1,568,584	89,950	(91,606)		250,938	1,817,866
	4,819,746	211,597	(245,192)	-	744,075	5,530,226

Analysis ofnet assets between funds -	cunent year
	Endowment	Restricted	Unrestrlcled	Total
	funds	funds	funds	funds
	2022f	2022 8	2022 8	2022 8
Fixed asset investments	2,758,391	1,718,984	433,374	4,910,749
Debtors due aRer more than one year			91,000	91,0N
Current assets			184,900	184,9N
Creditors due within one year			(8,400)	(8/00)
Total	2,758,391	1,718,984	700,874	5,178,24$

Analysis ofnet ass	els	between	funds	- prio	r year	r year
					As restated			Restated	As restated
					Endowment		Restricted	Unrestricted	Restated
						funds	funds	funds	Total funds
						2021	2021	2021	2021
						5	2	2	5
Fixed asset invesfinents						2,719,952	1,776,961	802,296	5,299,209
Debtom due alter more		than one year						122,000	122,000
Current assets							40,905	87,512	128,417
Creditors due within	one year							(19,400)	(19,400)
						2,719,952	1,817,866	9'.408	5,530,226
Reconcglatlon ofnet movement			In funds to		net	cash tlow	from operating	actMSes
									As resisted
								2022	2021
								5	5
Net income/expenditure		for the	year	(as per		Statement	of Finandal
ActMties)								(351,977)	710,480
Ad)ustments for:
Gains on investmsnts								2,789	(744,075)
Dividends, interesls	and	rents ficm invssfinsnts						(85,240)	(211,587)
ProBt on disposal of	investments							(11,579)
Decrease/(increase)	in debtors							108,398	(33,125)
Increase/(decrease)	in creditors							3,000	(28,850)
Net cash used In operating acgvlges								(338,609)	(307,157)