| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 3 |
| Report ofthe Independent Auditors |
4 | to | 7 |
| Statement ofFinancial Activities | |||
| Balance Sheet | |||
| Cash Flow Statement | 10 | ||
| Notes to the Cash Flow Statement | |||
| Notes to the Financial Statements | 12 | to | 15 |
| Detailed Statement ofFinancial Activities | 16 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Total | ||||||
| fund | funds | ||||||
| Notes | |||||||
| INCOME | AND ENDOWMENTS FROM | ||||||
| Donations | snd legacies | 2 | 8 000000 | ||||
| EXPENDITURE | ON | ||||||
| Raising funds | 6,008 | ||||||
| Charitable | activities | ||||||
| Grants | 921,000 | ||||||
| Total | 927,008 | ||||||
| NET INCOME | 7,072,992 | ||||||
| RECONCILIATION | OFFUNDS | ||||||
| Total funds | brought | forward | 5,051 | 5,051 | |||
| TOTAL FUNDS CARRIED FORWARD | 7 078 043 | 5 051 | |||||
| ~03 '8 |
,4 |
| 2023 | 2022 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | fullds | ||
| Notes | f | ||
| CURRENT ASSETS | |||
| Cash at bank | 7,714,043 | 5,051 | |
| CREDITORS | |||
| Amounts falling due within one year |
(636,000) | ||
| NET CURRENT ASSETS | 7,078,043 | 5 051 | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 7,078,043 | 5,051 | |
| NET ASSETS | 7,078,043 | 5 051 | |
| FUNDS | 10 | ||
| Unrestricted funds |
7,078,043 | 5,051 | |
| TOTAL FUNDS | 7 078,043 | 5,051 |
| The Alan Sugar Foundation | |||||
|---|---|---|---|---|---|
| Cash Flow Statement | |||||
| for the Year Ended 5th April | 2023 | ||||
| 2023 | 2022 | ||||
| Notes | |||||
| Cash flows from operating | activities | ||||
| Cash generated from operations | 7,708,992 | ||||
| Net cash provided by operating | activities | 7,708,992 | |||
| Change in cash and cash equivalents | in | ||||
| the reporting period |
7,708,992 | ||||
| Cash and cash equivalents | at | the | |||
| beginning ofthe reporting | period | 5051 | 5051 | ||
| Cash and cash equivalents | at | the end of | |||
| the reporting period |
7,714,043 | 5,051 |
| RECONCILIATIO ACTIVITIES |
N OFNE | T INCOME TO NET CASH FLOW F | ROM OPERATING | |
|---|---|---|---|---|
| 2023 | 2022 | |||
| 8 | ||||
| Net income for the | reporting | period (as per the Statement of | ||
| Financial Activities) | 7,072,992 | |||
| Adjustments for: |
||||
| Increase in creditors | 636,000 | |||
| Net cash provided | by operations | 7,799,992 |
| ANALYSIS OF CHANGES IN NE | T FUNDS | ||
|---|---|---|---|
| At 6/4/22 | Cash flow | At 5/4/23 | |
| Net cash | |||
| Cash at bank | 5,051 | 7,708,992 | 7,714,043 |
| 5,051 | 7,708,992 | 7,714,043 | |
| Total | 5,051 | 7,708,992 | 7,714,043 |
| 2, | DONATIONS | AND LEGACIES | AND LEGACIES | ||||
|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||
| Donations | 8000 000 | ||||||
| 3. | RAISING FENDS | ||||||
| Raising donations | and legacies | ||||||
| 2023 | 2022 | ||||||
| Supportcosts | 6,008 | ||||||
| 4. | CHARITABLE ACTIVITIES COSTS | ||||||
| Grant | |||||||
| funding of | |||||||
| activities | |||||||
| (see note | |||||||
| 5) | |||||||
| f. | |||||||
| Grants | ~921000 | ||||||
| 5. | GRANTS PAYABLE | ||||||
| 2023 | 2022 | ||||||
| Grants | 921,000 | ||||||
| The total grants | paid to institutions | during the year was as follows: | |||||
| 2023 | 2022 | ||||||
| Chigwell Synagogue |
and Community | Hall | 900,000 | ||||
| Great Ormond | Street Hospital | 11,000 | |||||
| British Red Cross | 10,000 | ||||||
| ~921 000 |
| Governance | ||||||
|---|---|---|---|---|---|---|
| Finance | costs | Totals | ||||
| 6 | ||||||
| Raising | donations | and | legacies | 8 | 6,000 | 6,008 |
| COMPARATIVES | F | ORTHE STATEMENT OF FINANCIAL | ACTIVITIES |
|---|---|---|---|
| Unrestricted | |||
| fund | |||
| NET INCOME | |||
| RECONCILIATION | OF FUNDS | ||
| Total funds brought | forward | 5,051 | |
| TOTAL FUNDS CARRIED FORWARD | ~5051 |
| Notes to the Financial Statements - continued for the Year Ended 5th April 2023 |
Notes to the Financial Statements - continued for the Year Ended 5th April 2023 |
Notes to the Financial Statements - continued for the Year Ended 5th April 2023 |
|||
|---|---|---|---|---|---|
| 9. | CREDITORS: AMOI2781TS FALLING DUE WITHIN ONE YEAR | ||||
| 2023 | 2022 | ||||
| Other creditors | 636,000 | ||||
| 10. | MOVEMENT IN FUNDS | ||||
| Net | |||||
| movement | At | ||||
| At 6/4/22 | in funds | 5/4/23 | |||
| Unrestricted | funds | ||||
| General fund | 5,051 | 7,072,992 | 7,078,043 | ||
| TOTALFUNDS | 5,051 | 7,072,992 | 7~078~043 | ||
| Net movement | in funds, included | in the above are as follows: | |||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| Unrestricted | funds | ||||
| General fund |
8,000,000 | (927,008) | 7,072,992 | ||
| TOTALFUNDS | 8 OtlO OOO | ~927,898) | 7,tl72,992 |
| The Alan Sugar Foundation | ||
|---|---|---|
| Detailed Statement ofFinancial Activities | ||
| for the Year Ended 5th April 2023 | ||
| 2023 | 2022 | |
| f. | ||
| INCOME AND ENDOW221ENTS | ||
| Donations and legacies |
||
| Donations | 8,000,000 | |
| Total incoming resources | 8,000,000 | |
| EXPENDITURE | ||
| Charitable activities |
||
| Grants to institutions | 921,000 | |
| Support costs | ||
| Finance | ||
| Bank charges | ||
| Governance costs |
||
| Auditors' remuneration |
6,000 | |
| Total resources expended | 927,008 | |
| Net income | 7,972 992 |