| Page | |
|---|---|
| Legal and Administrative lnformation | I |
| Directors' Report | 2-4 |
| Independent Audilors' Report | 5-7 |
| StatementofFinancial Activíties | 8 |
| BalanceSheet | I |
| Notes totheFinancial Statements | 10-14 |
22 July 2022
| 2021 | 2020 | |||
|---|---|---|---|---|
| Note | Unreetricted | Unrestricted | ||
| Funds | Funds | |||
| Ê | f | |||
| lncomingResources | ||||
| lncoming resourcesfromgenerating funds | ||||
| lnvestment income | 2 | 106,540 | 107 556 | |
| Total lncomingResources | 106,540 | 107,556 | ||
| Resources Expended Costs of charitable activites |
3 | (129,939) | (1s3,578) | |
| TotalExpenditure | (12e,e3e) | (153,578) | ||
| Net(outgoing) resources forthe year before | ||||
| otherrecognisedlosses | (23,3ee) | (46,022) | ||
| Netgains/(losses)on investments | 5 | 306,425 | (178,463) | |
| Netexpenditure/income forthe year | 283,026 | (224,485',) | ||
| Reconcillation of funds | ||||
| Balance brought fonivardat 1January 2021 | 4,239,753 | 4,464,238 | ||
| Balance carried fonrvardat3lDecembe¡2021 | 4,522,779 | 4,239,753 |
| All costs are allocated betweenthe expenditure categorie basisdesignedtoreflect the use of theresource.Cost directly, others areapportioned onanappropriate basis. |
s of the StatementofFinancial Act srelatingto aparticularactivityar |
ivities ona eallocated |
|---|---|---|
| Investment lncome | 2021 € |
2A20 â |
| lncome received from: | ||
| Charities Growth& lncomeFund | 75,556 | |
| Charities UK Equity Fund Charities UK Bond Fund |
22,893 4,318 |
58,938 18,ô55 |
| GloballncomeFund | 3,773 | 25,753 |
| Bank Switch lncentive | 4,210 | |
| 106,540 | 107,556 |
| 3 | Costsofcharitableactivities | 2021 e |
2020 r |
|---|---|---|---|
| Allgrants consist of one individualgrant forthefullamountto | |||
| thefollowing lnstitutions: BSA Research (financial education) |
8,440 | ||
| Crisis | 15,000 | ||
| Launchpad (financial education, moneymanagement) | 10,000 | ||
| Carilas Anchor House(financial educatíon, housing) | 20,000 | 22,OOO | |
| Youth Concern | 22,000 | ||
| MyBnk (financial education,money management) Shelter(financialeducation,housing) |
25,000 | 20,000 25,000 |
|
| Treloar(financialeducalion,money management) | 45,000 | 15,000 | |
| Young Enterprise (finanoial education, mûneymanagement) | 22,000 | ||
| Totalgrantspayable | 112,000 | 137,440 | |
| Support costs: Administrationfee-TheBuildingSocieties Association Bank charges Governance costs-Auditor'sremuneration |
11,855 5,473 |
11,855 45 3,667 |
|
| lnsurance | 598 | 558 | |
| Companies House fee | 13 | 13 | |
| Total charitable expenditure | 129,939 | 153,577 |
| Thecompany has char income. |
itable statusand accordinglyisnotaccountablefo | rtaxalioninre | spectofits |
|---|---|---|---|
| Listed lnvsstments | 2021 t |
2020 Ê |
|
| CommonlnvestmentFund | |||
| BLK Charities UK BondFund A | 567,038 | ||
| BLK Charities UKEquitYFundA | 2,657,769 | ||
| BrackRockLumpSumi[:flii:lil#;Diversiried Growth | 93,227 | ||
| Blackrock GloballncomeFundDlnc | 842,576 | ||
| 3,685,671.58 | Blackrock Charities Growth&lncomeFund* | 4,467 '034 | |
| 4,467,034 | 4,160,609 | ||
| Cost orvaluation | |||
| Al1January2021 Additions |
4,160,609 4,146,378 |
4,409,A72 | |
| Disposals Revaluations* |
(4,146,3781 306.425 |
(70,000) (178,463) |
|
| At 31December2O2l | 4,467,034 | -,rat,* |
| 2021 | 2020 |
|---|---|
| € | Ê |
| 4,74A | 10,477 |
| SummaryofFund | s | ||||
|---|---|---|---|---|---|
| Balanceat | |||||
| Balance atI January2021 |
lncome | Expenditure | (losses)/Gains oninvestments |
31 December |
|
| 2021 | |||||
| â | c | Ê | I | € | |
| Current Year | |||||
| Unrestrictedfunds | 4,239,753 | 106,540 | (129,819) | 306,4254,522,899 | |
| Balance at | |||||
| Balance at1 January2020 |
lncome | Expenditure | Gains/(losses) on investments |
31 December |
|
| 2020 | |||||
| Ê | â | f, | â | E | |
| PriorYear Unrestricted funds |
4,239,753 | 107,556 | (153,678)(178,463) | 4,239,753 |
| 15 | Analysis ofNetAssetsBetween Funds | Analysis ofNetAssetsBetween Funds | ||
|---|---|---|---|---|
| Unrestricted | Total | Total | ||
| funds | funds | funds | ||
| 2021 € |
2021 € |
2020t | ||
| lnvestments | 4,467,034 | 4,467,034 | 4,409,072 | |
| Other debtors | ||||
| Cash at bank and | 60'¿185 | 60,485 | 58,726 | |
| inhand | ||||
| Creditors | (4,620) | (4,620) | (3,560) | |
| 4,522,899 | 4,522,899 | 4,464,238 |