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|Legal and Administrative lnformation|I|
|Directors' Report|2-4|
|Independent Audilors' Report|5-7|
|StatementofFinancial Activíties|8|
|BalanceSheet|I|
|Notes totheFinancial Statements|10-14|
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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|
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|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|
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|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,*|
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|2021|2020|
|---|---|
|€|Ê|
|4,74A|10,477|
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|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|