2023-07-31-accounts - The Reading Foundation

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			Page
Reference and administrative		details ofthe Charity, its Trustees and advisers	1-2
Trustees' report			3-5
Independent auditors'	report	on the financial statements	6-9
Statement offinancial	activities		10
Balance sheet			11-12
Statement ofcash flows			13
Notes to the financial	statements		14-28

			Endowment	Restricted	Unrestricted	Total	Total
			funds	funds	funds	funds	funds
			2023	2023	2023	2023	2022
		Note			6	6
Income and
endowments from:
Donations and legacies				21,840	60,758	82,598	15,160
Investments			82,956	50,405	4,429	137,790	70,080
Total income and
endowments			82,956	72,245	65,187	220,388	85,240
Expenditure on:
Charitable activities		8	154,742	134,227	31,000	319,969	440,006
Total expenditure			154,742	134,227	31,000	319,969	440,006
Net
(expenditure)/income
before net
(losses)/gains on investments			(71,786)	(61,982)	34,187	(99,581)	(354766)
Net (losses)/gains investments	on		(124,141)	(76,839)	(2,655)	(203,635)	2,789
Net (expenditure)/ income			(195,927)	(138,821)	31,532	(303,216)	(351,977)
Transfers between
funds		12	265,145		(265,145)
Net movement in
funds			69,218	(138,821)	(233,613)	(303,216)	(351,977)
Reconciliation of
funds:
Total funds brought
forward as previously stated			2,758,391	1,718,984	700,874	5,178,249	5,561,226
Prior year adjustment							(31,000)
Total funds brought
forward as restated			2,758,391	1,718,984	700,874	5,178,249	5,530,226
Net movement in funds			69,218	(138,821)	(233,613)	(303,216)	(351,977)
Total funds carried
forward			2,827,609	1,580,163	467,261	4875033	5,178,249

					2023		2022
			Note		E
Fixed assets
Investments					4,484,114		4,910,749
					4,484,114		4,910,749
Current assets
Debtors			10	92,425		127,659
Cash at bank	and in hand			307,744		148,241
				400,169		275,900
Creditors: amounts		falling due within one
year			11	(9,250)		(8,400)
Net current	assets Iliabilities				390,919		257,500
Total assets	less	current liabilities			4,875,033		5,178,249
Total net assets					4,875,033		5,178,249
Charity funds
Endowment	funds		12		2,827,609		2,758,391
Restricted funds			12		1,580,163		1,718,984
Unrestricted	funds		12		467,261		700,874
Total funds					4,875,033		5,178,249

			2023	2022
				6
Cash flows from operating	activities
Net cash used in operating	activities		(283,885)	(344,609)
Cash flows from investing	activities
Dividends, interests and rents from investments			220,388	85,240
Proceeds from sale of investments			223,000	391,250
Net cash provided by investing activities			443,388	476,490
Change in cash and cash	equivalents in	the year	159,503	131,881
Cash and cash equivalents	at the beginning	ofthe year	148,241	16,360
Cash and cash equivalents	at the end of	the year	307,744	148,241
The notes on pages 14to 28 form part ofthese financial statements

			Restricted	Unrestricted	Total	Total
			funds	funds	funds	funds
			2023	2023	2023	2022
			6	f.	6
Donations			21,840	60,758	82,598	15,160
Total 2022			12,000	3,160	15,160
Investment	income
		Endowment	Restricted	Unrestricted	Total	Total
		funds	funds	funds	funds	funds
		2023	2023	2023	2023	2022
		5		5	6	5
Investment	income	82,956	48,383	1,222	132,561	69,920
Bank interest received			2,022	3,207	5,229	160
		82,956	50,405	4,429	137,790	70,080
Total 2022		66,631	2,045	1,404	70,080

				Grants to	Grants to	Total	Total
				Institutions	Individuals	funds	funds
				2023	2023	2023	2022
				8	8	6	E
Grants awarded				108,000	20,000	128,000	109,000
Total 2022				89,000	20,000	109,000
Grants awarded
						2023	2022
						8	F
Grants to Institutions
Reading School Awards			and Senior Prizes			108,000	89,000
						108,000	89,000
Grants to Individuals
Enrichment	programme					20,000	20,000
						20,000	20,000
Other grants		and other	costs
					Unrestricted	Total	Total
					funds	funds	funds
					2023f	2023 8	2022f
School maintenance					32,000	32,000	242,228
Development		grant			80,001	80,001	46,000
Waterhouse	cost				31,000	31,000	31,000
900th Anniversary					30,000	30,000
Total 2023					173,001	173,001	319,228
Total 2022					319,228	319,228

		Unrestricted	Total	Total
		funds	funds	funds
		2023	2023	2022
		F	E
Audit fees		9,680	9,680	8,880
Other accountancy	costs	170	170	600
Other indirect costs		118	118	48
Clerks' fees		9,000	9,000	2,250
Total 2023		18,968	18,968	11,778
Total 2022		11,778	11,778

	Charity	Grant	Governance	Total	Total
	direct costs	funding	costs	funds	funds
	2023	2023	2023	2023	2022
	6		6	6
Expenditure	173,001	128,000	18,968	319,969	440,006
Total 2022	319,228	109,000	11,778	440,006

			General	Endowed
		Restricted	Funds	Funds
		Funds	Young	School	Total	Total
		Award Fund	Bequest	Charity	funds	funds
						2022
						8
Balance at 1 August 2022		1,680,496	408,596	2,821,722	4,910,814	5,299,275
Disposals		(128,312)		(94,753)	(223,065)	(397,411)
Transfer
Unrealised	gains/(losses)	(76,839)	(2,655)	(124,141)	(203,635)	8,950
Balance at 31July 2023		1,475,345	405,941	2,602,828	4,484,114	4,910,814
Historical Cost of Investments		1,680,496	408,596	2,821,722	4,910,814

The invest	ment fund and	application of	total return to permanent	endowment funds:
				2023	2022
					6
Opening value of permanent		endowment		2,756,840	2,689,600
Opening value of unapplied		total return		1,551	30,352
Less
Original value ofgift				(1,100,000)	(1,100,000)
Indexation				(1,656,840)	(1,589,600)
				1,551	30,352
Investment	return: dividends	and interest		82,956	66,631
Investment	return: realised	and unrealised	gains and (losses)	(124,141)	(4,552)
Total return	before transfer			(39,634)	92,431
Less
Total return	applied			41,482	(90,880)
Unapplied	total return			1,848	1,551
Add
Original value of gift				1,100,000	1,100,000
Indexation				1,725,761	1,656,640
Total				2,827,609	2,758,391

Debtors
		2023	2022
			F
Due after more than one year
Other debtors		60,000	91,000
		60,000	91,000
Prepayments	and accrued income	32,425	36,659
		92,425	127,659

2023	2022
5
9,250	8,400

	Balance at 1
	August			Transfers	Gains/	Balance at
	2022	Income	Expenditure	in/out	(Losses)	31July 2023
			6	6	6	6
Unrestricted
funds
General Funds	364,402		(31,000)	(265,145)		68,257
Young Bequest	336,472	65,187			(2,655)	399,004
	700,874	65,187	(31,000)	(265,145)	(2,655)	467,261
Endowment
funds
School Charity
(Queens Road)
Permanent	2,756,840			68,921		2,825,761
School Charity
Unapplied Total
Return	1,551	82,956	(154,742)	196,224	(124,141)	1,848
	2,758,391	82,956	(154,742)	265,145	(124,141)	2,827,609
Restricted
funds
Award Fund	1,718,984	72,245	(134,227)		(76,839)	1,580,163
Total offunds	5,178,249	220,388	(319,969)		(203,635)	4,875,033

		As restated
		Balance at
		1 August 2021	Income	Expenditure	Transfers in/out	Gains/ (Losses)	Balance at 31 July 2022
		8		F	F	6
Unrestricted
funds
General	Funds	667,897		(31,000)	(272,495)		364,402
Young	Bequest	324,511	4,564			7,397	336,472
		992,408	4,564	(31,000)	(272,495)	7,397	700,874
Endowment
funds
School	Charity
(Queens Road) Permanent		2,689,600			67,240		2 756840
School	Charity
Unapplied Total Return		30,352	66,631	(296,296)	205,255	(4,391)	1,551
		2,719,952	66,631	(296,296)	272,495	(4,391)	2,758,391
Restricted
funds
Award	Fund	1,817,866	14,045	(112,710)		(217)	1,718,984
Total offunds		5,530,226	85,240	(440,006)		2,789	5,178,249

Summary	offund	s -current year
		Balance at 1 August 2022 6	Income 6	Expenditure 6	Transfers in/out 6	Gains/ (Losses) 6	Balance at 31July 2023
General funds		700,874	65,187	(31,000)	(265,145)	(2655)		467 261
Endowment funds Restricted	funds	2,758,391 1,718,984	82,956 72,245	(154,742) (134,227)	265,145	(124,141) (76,839)		2,827,609 1,580,163
		5,178,249	220,388	(319,969)		(203,635)		4,875,033
Summary	offunds - prior year
		As restated
		Balance at
		1 August 2021	Income	Expenditure	Transfers in/out	Gains/ (Losses)	Balance at 31 July 2022
		6	F	E	6			F
General funds		992,408	4,564	(31,000)	(272,495)	7,397		700,874
Endowment funds		2,719,952	66,631	(296,296)	272,495	(4,391)		2,758,391
Restricted	funds	1,817,866	14,045	(112,710)		(217)		1,718,984
		5,530,226	85,240	(440,006)		2,789		5,178,249
Analysis	of net	assets between	funds
Analysis	of net	assets between	funds -current year
				Endowment	Restricted	Unrestricted		Total
				funds	funds	funds		funds
				2023	2023	2023		2023
					6		6
Fixed asset investments				2,627,609	1,580,163	76,342		4,484,114
Debtors due after more than one			year			60,000		60,000
Current assets						340,169		340,169
Creditors	due within one year					(9,250)		(9,250)
Total				2,827,609	1,580,163	467,281		4,875,033

							Restated
				Endowment		Restricted	Unrestricted	Restated
				funds		funds	funds	Total funds
				2022 F		2022	2022f	2022
	Fixed asset investments			2,758,391		1,718,984	433,374	4,910,749
	Debtors due after more than one year						91,000	91,000
	Current assets						184,900	184,900
	Creditors due within	one year					(8,400)	(8,400)
	Total			2,758,391		1,718,984	700,874	5,178,249
15.	Reconciliation of net movement in funds to			net cash flow		from operating	activities
							2023	2022
							8
	Net expenditure for	the year (as per Statement		of Financial	Activities)		(303,216)	(351,977)
	Adjustments for:
	Losses/(Gains) on investments						203,635	(2,789)
	Dividends, interests	and rents	from investments				(220,388)	(85,240)
	Decrease in debtors						35,234	108,398
	increase/(decrease)	in creditors					850	(11,000)
	Net cash used in operating		activities				(283,885)	(344,608)
16.	Analysis ofcash and cash equivalents
							2023	2022
							6
	Cash in hand						307,744	148,241
	Total cash and cash equivalents						307,744	148,241

						August		At 31July
						2022	Cash flows	2023
							F
Cash	at	bank	and	in	hand	148,241	159,503	307,744
						148,241	159,503	307,744