Ch8rity R•gi$tration No. 310492
NORTHGATE FOUNDATION
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

NORTHGATE FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
Trnsts••
MrAJ Gllknple
Mrs J Rley
Mr J Norman
Mr D Bèvan
Cllr C Chambers
Mrs J Parry
Charlty numb•r
310492
PrIncI￿1 addr•¥$
PO Box 979
Ipswlch
Suffolk
IP9 2WH
Independent •x•min•r
Helen Rumsey FCA
Ensors Accountants LLP
c￿￿9￿0￿8
159 Prknces Stregt
Ipswch
Suffolk
IPI 1QJ
B•nk•Ys
National INesknin8ter B8nk Pk
2 Tavem Street
Ipswlch
IP13BD

NORTHGATE FOUNDATION
CONTENTS
Tru$t¢as' raport
Independent ￿aMInerS r¢port
ststemenl of flnawal actfvhles
Bglance sheet
Notes to thè accounts
6-15

NORTHGATE FOUNDATION
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2022
The tru8tte8 pre88nt th￿r repryt and acwjnts for the year ended 31 March 2022.
The accounts have b88n prnpar8d in ¥co)rdance with tho aLxountirg polld8s sèt out in note 1 to the •¢counts
aTrJ cornply with th8 charfty's govenlNJ do¢um¥nL th* ChorS110$ Act 2011 and the Ststement 0fR￿0￿M¢ndfjd
Pr8¢lt%8pplicable to charities preparing theirarLounts in accordance with FRS102 Ihefinancial reForting standard
In the UK and Republlc of Ireland- updated 1 January 2019.
Obj•di￿* and actlvltles
The objects ofthe tharity arpto prDmote Ihe ￿UcatiOn of persons under the age of 25 who are in need of financial
asl$lan¢e and ar8 wdent in e¢ havè attended a ¢>xnmunty, voluntary or f¢JJndation sch¢)ol in Suffolk.
The trustees hove pald du• rngard to guid8n¢* i$$u•d by th¥ Chority Commissim in d•tydTrig vth•t •thili85
the charity sht￿lIj undertako.
The truste88 Confimi that they have referred to Ihe guidaft￿ contsined in thè Charity commi￿on'5 general
guldon¢a on publk benefit when ￿eNIng Ihe charity'8 aim8 and obled1￿9. when plannlrg future athities
aTrd wknen settlng the grdnl maklng Follw for ts yoar.
A¢hl•vomgnts and pgrf0M￿n
Thg obleds ofthe chartty are to proffK)t6 the education ofp6r8on8 underthe age of 25 who are in newj of finandal
assIStsn￿ and are ie$pJenl in or atten¢J or h¥v& attondod a community. voluntsry or foundation 8¢hool in the
area of benefil in particular bjt wthout limitation through the prowsion ot.
. Grants tenabb at any sth¢d, w)iwrwty, collBge of eduratK>n, or oth¥ insbtubon of fvrther education
linduding professional or technicall.. or
Equlpment or b(￿)k$ to assist such ￿rgOn$ to purnue thelr wjucation linduding Ihe 8bJdy of mu51c and
other arts. sport. sooal and physcal educationl, to und&rtake travel in furthwic* U)ereof, or to prepare
fcf or enter a prOfe￿c￿. trade. occupation or seThice on kaving sthool, univeTsty or 0th8r 8ducats.onal
g$tabli4)ment: or
. Such Items and servtce$ or speckl benoffts for whk* prO￿￿t)n Is not mode from wbll¢ fvThJs for gny
communty, voluntary or foundation school in the area of benefit.
Flnancial roviow
It 1$ the polloy of the charlty thal unrestslct￿I fund8 whlch have not begn d6slgnaled for a speufic use should
be malntaln&J at a le￿1 oqulvalont to bofy4wn three and slx mfmth¥ •xp8ndlluTg. Tho trust￿ conskler that
reseNe8 at thi$1o¥tr1 will ansuro th81, in the event of a ￿gnI)Icant d￿p in funding, they will be atAe to o)ntinue
the charityb current advltles vthlla congd¥rntion ￿ giv￿ to wgys in whld) 8ddthonal funds m8y b9 ralsod.
This bvel of rvJerves ha5 rna1nt￿n￿ throughout the year. A proportion of the charity's unrestricted funds
ar8 also investad In ffixad a￿t invèstmants whid) providè addibonal Invèstmènt incomè for thè charfty.
For the year ended 31 March 2022 the charlty recorded an ov8rall surplus of £90.913 {2021'. Surplus of £197.0931,
meaning that the overall fvnds ofthe charfty have increased from WJ1.318 to £1.082231. The urtrestric￿ reseNes
of th& th?rFiy hgvg In¢￿aS￿d from £315,187 to£347,7Tg.
The tru8tses hava a888Ssed the map)r risks to which the charity Is exposed and are sati3figJ that the ¢*arity Is wel
placed for fij￿[8 devglopmgnl and that systthns are kn place to mwgate exposuro to ony malor rfsks thatth& charity
may face.
Golng concern
During the y88r thè Charity h8s been able to provide a greater level of grants compared to PTe%*iOUS years. There
was a sgnSflcant rgdudon In grants paid in Ihs priorye8r. whith w8s a direct resutt oftho COVID-19 pandem1¢ as
many school trips and dubs had to be cancelk8d. The charitys inv8s1menls hav8 provhled a pos￿¥8 relum again
and thè Statèmwt of Flnandal AthIUe8 8hLWS an overall surF4u8 for the ￿ar of £￿,913.
The E¥)$￿¥• porf¢mance of tho ¢h¥rity's investments and the Strong Teseryes ￿11￿ allows the Trustees lo feel
wdl placed to LYJnlinu¥ supporbng ywng in education thrc4J9hout Sulfolk. On this basis. th• TrusteB3 a
conffident that the charity is still considered a going concem.

NORTHGATE FOUNDATION
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARGH 2022
Structurnp gov•manc• and man#g•m•nt
The ¢harity is constituted as an unincorporat￿1 chority and is r•siStered wth the Charity Comm[￿On In the
Unlled Kiwd(Nn. The charity was e8lablished by a tharitsble tsust deed on 23 N)rll 1968 8nd 18 govemed ty a
$therr* of thg Ch?rty CoDwnission datg1120 Decombor 2004 88 amended by a resdutk)n datsd 9 May 2012.
The Truste8s vtho wved durln9 the year were:
MrA J Gillespie
J Riley
Mr J Norman
Mr D B￿an
Mr3 J Pary
Cllr C ChaM￿ry￿
The Board Consists of 2 Nominated Tnjstees 4 Co-opi¥d Trustses. The Trusiees of the Northgale
Foun(Jation am respon8lble forth6 appointrnent of Co￿ted Trustees.
The Trustees listed below were appolnted by the followong bc#Jles.
Clr C Chambers
Mrs J Parry
Suftolk County c￿nri1
Ipswich Borcyjgh CouncTI
Statement of trustees. responslbllltles
The Iru8tee3 aTr re¥pon3ible for preparing the Trustees, Report and tho accounts In ?￿rdance
appllcabb 18w and Unlted Kwigdom A¢ts)unting Standards (United KtYJdom G•nerally Accepted Accounong
Pra￿￿1.
The law ap￿1￿*b￿ to charfuès in England and Wales requires the tNste&s to kYep8re 8cwJnts tjr each
finanaal year 4th1ch give a tru9 and fair ￿6W of the $18ts of aff8lrs of the tharity arbj of the Incomlro rwJource$
and app￿cation of resources of the charity for that year.
In preparfng these aCr￿unts, the trusto85 are ra]ulrgJ to:
- select suitablè ac¢trJntiw p￿IGh?8 and then apply them conslslenJy'
. observe the methojs and prin¢ipl&$ in the Charities SORP.,
- moke Sudgements and esfjmates that are reasonable *)d prndent.,
- Statewhelher applicablgaccountlng standards have bgen folky*g(l. sublecl b)any malerfal depathresdlsckts8(1
explalned in the occounts., and
- prepar& the ac￿nts on thè golng cg)nean basis unles6 it 16 [napp￿rIate to prewme that Ihe charity wll
ntlnue In operauon.
The trustses are TesF*Jn&b18 for keeplng 9Jfflc￿nt AccountlThJ reo)rd8 that di8do8e with reaBonable a¢¢ur4cy
at any tim• tha financial position of lh¢ tharity and enable Ihem lo engjre that the accounts comFly wlth th8
Charities Ad 2011. the Charity (Accounts and Reports> Regulations 2008 and Ihe pro*isons of Ihe trust da•d.
They are also responslble for safwJuarding Ihe assets of the charity aThJ hence tr tokln9 reasonable slep8 for
the preventbn and detedton of froud and other Irrggularilles.
The trustees, rewt was aFfsrov8d by th• Board of TW$1￿&.
Rlley
Trustee
Datsd: 6th October 2022

NORTHGATE FOUNDATION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF NORTHGATE FOUNDATION
I repcyt to tho tNSteos on my examlnatbn of tho aco)unts of Northgato F¢wrKlatkn1thg Chartty) for thg ygar ended 31
Marth 2022.
Rospon$lbllStl•s and basls of r•port
AS the trustee8 of tho Charlty you arg rasponslble for the preparatK)n ofthe a(>)Junts kn accordanca wlth the
requirements of the Charities Act 2011 Clhe At*l.
I report In respect of my examlnation oflhe Ch￿1￿$ accounls carrl8d out under $ecfj¢)n 145 ofthe 2011 Ad and in
carying out rny examinalicn I have fDlIuw￿I 811 tho applicable Oirections gven by the Charity Commlsslon under
sactk)n 14515Xbl of the Acl.
knd•pnd•rtox•mlMrf$ st•tsmeTht
I have ccfflpleted my examination. I confim that no matsrfal m8tt8rs havè o)ma to my att￿tion in eonrnction with the
examknalhjn glvlrMJ me cause to beI￿ve that In any matwial res
8tcx)unting r￿rdS wÈrn not kèpt in rnsp￿t of the Chorfty as r¢qulr&J by 8e¢*in 130 of the Ad; or
2. Ihe accounts do not accord wlth those records; or
3. tha acwurbts do not compty wlth the apFlicable TBqulrements ￿nCernIng tho fom) and ￿ntsrtI of ac1￿unIS set
out in the Charities IAccounts and Reports) Regulalion3 2(M)8 otherthan ary r¥quir￿•nI that th• g¢counts
giva 8.trug and fair which is nol a matter considered as part of an independent examination.
I havg conc4ms and havg Gomg across rKJ olher matters In tsJnne¢lion wilh tho ex8minath?n to whith ¥tlonUon
should b? drnwn in thi$ r•F¢rt in ordw to a proper understanding of the accKunts to be ￿Ched.
Helen Rumsey FCA
EnEors ACCO￿trnts LLP
c(￿ne￿on$
159 Prfntès Streat
1p￿￿ch
Suffolk
IP1 1QJ
7th October 2022

NORTHGATE FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2022
Unr•stri¢t•d Rvstrithd Endowment
funds
fund$
fund
Total
2022
Total
2021
R￿e1Ved from Ipg*lch School
Investments
17,397
28.372
17397
26,614
20.864
26.0¥2
243
Other Income
Total Incom•
43,789
243
44.012
47,006
Charitable advltleB
30.191
30,191
2.892
Nèt gainsllbsso$} on
Investments
19.014
709
57,369
77,092
152,979
Net mov•ment In funds
57.369
90813
197.093
Fund balanG9s at 1 Aprfl 2021
315,187
11,389
e64,742
991,318
794.225
Fund tsalanC￿ at 31 March
2022
347,779
12.341
722,111
1.082,231
991,318

NORTHGATE FOUNDATION
BALANCE SHEEr
ASAT 31 MARCH 2022
2022
2021
Flxtd assets
Taroibl8 assets
Investments
10
11
970,370
893,277
970.370
893,277
Curr*nt aswls
Dèbtors
Cath 81 bank and In hand
12
151
101.010
113,409
113.571
101.161
Crodltors: am¢)unts fallSng due wlthln
on• year
13
11.710)
(3,120)
N•t ￿rren¢ assets
111.861
98,041
T(*al a8Mts 1088 currgnt Ilabllltl
1,082231
991.318
Capltal fund$
Encknffl￿nt funds - gen9rn1
Incomo funds
Re5tr1cted fvnds
Unreslricted fvnds
15
722.111
664,742
16
12,341
347,779
11.389
315,187
1.082231
991.318
6th October 2022
nts wwe approved by tha TNslegs On ........
Riloy
Trugt•a
MrJ No
Trusts•

NORTHGATE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
A¢countlng polklo8
1.1 A¢¢ountin9 conv•ntion
These aCC￿nts have been prepar&Y in tLcordance with The FIna￿l81 R?porling Stsndard applicable In
Ihe UK 8fKJ R8public of Ireland" I"FRS 102.1, "Accounting and Re￿rting by Ch8rfJes' the Statement of
R￿Mmendad Pracllce for eharlti8s ¥JplyÉng FRS 102. the Charities Act 2011 and UK Generally
Acwted Acccyjnling Pradce as it aFpJi8s from Octob8r2019. Th& ¢haJity is a Publlc Bpnefft Entity a5 defingd
byFRS 102.
Tha havg bo*n under tho historical wsl convenuon, modlffied lo indude the revalu81i)n ol
certaln fixed assets. The prlncipal occountirg polkiès adoptsd are Set out below.
Th& finand81 ststements ara prepared In Ste￿Ing, whkh Is 1ha fundlonal currency of the charity. Monetsry
amounts in these financial stst8ments aro rounded lo th• nearest pound.
The finon¢io1 $t8tsmgnts have bgen prepared 10 9fve a'true and falrf vl&w and hav8 doparted from the Charftl88
IAccoun15 and Reports) Regulations 2008 onty lo the extent requwed to provide a 'tNe and fair vigw.. This
departure has invofved folltywing A¢¢ounthng and Reporting by CharTiies: Statemant of ReLxYnmnded Practice
applicable to charIt￿$ preparfng the4r ffinandal stat8m8nts in o¢r))rdan￿ wrth the Finanaal ReportiwJ Stsndard
applicab￿ ￿ the UK and Republic of Ireland IFRS 1021, ratherthan the Accounlng and Reporting by Charibes-
Stat￿8nt of Reu)mmèn(J8d Pr8cb"cs eff8c￿va from 1 April 2005 whith has since b88n wthdrawn.
12 Golng concorn
At Ihe Ume of approvSng the a￿￿unts. tho trustees have a reasonab￿ $xpsc*alion that the tharity hag
•d•quate re¥ources to continue in operabonal existenrk for the foreseeable fvlur¥.
1.3 Charttabl• funds
Unresfficted funds are aval*)18 for u8a at the discrelon of tho trustse8 in furtheronee of tholr charftsble
oi¥ecOves unless the fvnds havo been delgnated for other purposes.
Restsicted fijnds are subject to spwfic C￿￿11t￿$ by donors os to how they may be u*J. The purposes
uses of the restricted funds are 8et ¢yJI In the notes to the acwunts.
Pemian&)t endowment lunds have teen pmwded to the charfty to onwr8 a 8uitsble incom• str8am to
finan￿ the oroolng a¢11￿￿83 of the charity.
Detsil$ of th• and wrpos8 of each fund is Bet OLrt in Th)tes 15 and 16.
1.4 Incomlng rosourcos
Donations, IwJaoes 8nd oth&r fom8 of voluntary incomo are recc*Jnl8ed as Incomlng resou￿5 when
receNable, except insofar as they are incapable of financkil measurement.
Investsnent Income is IndUd￿ whan rec*ivable. Unrealised g8hs ar8 Included on the bottcffl of the
Stslemgnt of Financwl Acti¥￿e3 as an unrealised MOVe￿nI.
1.5 R•soure•s •xp•nd•d
Expendiknre Is recognls8d an xcwals basls. Expendlbjre Indudos any VAT whith (3nnot be
c0Vu￿ and is rnporteil as part of th• ¥xp8ndilurv to whi¢h il relateB.

NORTHGATE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (coKfiNUED>
FOR THE YEAR ENDED 31 MARCH 2022
Accountlng pollcles IC¢ntinu•d}
1.fj Tanglble fixed a$¥etB
TorrfJible a&8ets a￿ Inibally m&a8ured at rmt and subsequBth measurnd at ¢x valuotkn, ngt of
dopredation and any impalmi¢nl Iossos.
Deprecaation is recognlsed so as to wrfle off the o)6t or valuallm of a88ets 1888 tholr r8sthal valu8s over
their useful Ilvos on th8 followng bases..
Ccfflputer Equipment
4 yests strah3ht line be￿3
The galn or k)ss on thg dlsposal of on asset 55 detsrmined •$ th• diff8r8nce bth￿n ts ¥ale
prcwds and the carying value of Ihe a88et and 1$ rn¢cgnlsed in net incomellexpèndbtur8) for the year.
1.7 FSxed a8Ut Inv•8tmonts
Investrnents a￿ Sts1￿ In ihe Balance Sheet al thèir m8rt(el value ot the bolanc8 she81 date. ￿1 gains and
)998s artsing from Investment chawJes or revaluatkn aro shown In the Slatemonl of FSnanclal Activilies.
Rea￿Sed gains and Ictrsses on invoslments are calculated 85 the dI￿rent£ the disposal proceed3
8nd either pur¢hase cost {for Djrrentyear acqui￿tionS) ormart(el valua att￿ stsrtof thè yèar Iforirwestrnents
acqulred in pre￿ou3 year81.
1.8 Fln*ncial In8trum•nts
The c*arity hasdect&J toapplythe prowsions ofsodon 11 'Basic Fina￿la1 Instruménts, and Section 12'0ther
Finanoal Ins1rumènts Issues. of FRS 102 to all of its finanrdal Instruments. Fi￿ar￿la1 Instruments are reuJgnBed
In the tharlty's baLance she8t when the tharfty becomes paty to the ￿ntraCtual provision3 of the instrum￿L
Finandal as881s and li8bilitig¥ arp offsot. wilh the net amounts presented i) the finan¢lal statements. when theTe
a legally enfor(*able rwt to setoff the recoanised amounts and therè Is an intention to seth on a net basis
orto realise the asset and Settle Ihe 4ablllty slmutt9r￿uSty.
Bask flnanchl ass•t¥
Badc linanaal assets, whlch Indude debtors cash ond bank balanchs. are inrbally me88ured attr4ns@th¢)n
pri¢0 indurfiro transaction ¢)xts and are 3ub3equenUy corried al amortised cost us1￿j the eff8cllvg Int8r8St
method unless the 8rrang8Thnt conslltules a financirvJ transaclion, where the transoctlon Is measured al tr
present valle of the fijture receipts dISc￿￿ted at a market ratg of intOfgSt. Flnandal assets d•sslfifjd as
r￿1Vable wlthln one yeaT are not amorti￿.
Baslc IlnJn¢l•lKabllltl•s
Ba$c finanual liabilities, induding creditorn and bank loans are initsalty recoJnised at tsn88Ctlon prtce unbess
the arrangèment¢onsUtut8S 8 flnancng transact￿, where the debt Snstrument18 mgosure at the pres8nl ¥a￿e
of Ihe future poyments dIsCoun￿ at a market rate of inleresl. Flnandal Ilablltles da55ified as payabla wilhin
ong year are not amorbs•d.
Debt instrumènts are 8ub8eqwfjy ¢arrfed at amortlsed cc61, th8 aff￿1￿8 Intorost rote metr￿.
Trade Credito￿ are obligaUon$ to pay for grKds or serV￿e5 that hav¥ b$8n acquired in the OTdinary ¢￿vr3e of
op8raUonslrom s￿pIlerS. Amounts pay#b￿ $￿ elasslfied as cuThent liabilities ifpaymentlsduewlthln one yeor
or less. If not. they p￿sented os non-current liabilities. Trade credit￿8 are r9cc4Jnlsad initHIty attrarBadl
PriL* and subgequenuy meosured at amortlsed cost using the eff￿lIve intorest raie meth￿.
1.9 Grants payablo
Grants for charltabla purposes are reL¥)gnis&J when the offer Is wweyed to the Tedpknl exc4t In those
cases where the offer Is rLsndlUonal. Buth gr3nts ¥rg r￿gnIsed as exp8ndlture when the condlucns attathgd
are fulfilled.

NORTHGATE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Accounllng pollcles ICorrtlnu•d
1.10 Impalmxnt offlx•d assets
Ateach roporling end date. the charity r8v18ws th• ¢8rryiNJ Ymuntsofitstangible assets todelgmilno wh91her
there is any ind1¢a￿0Th that those assèts have gjffered an impaim)ent loss. If any such indication exists, Ihe
re0)Verab￿ ar￿Unt of the 8ssel18 eslmated in cvder to dttennine the extent of the Impairment k)ss Ilf any}.
Whwe ft is not P05slble to e5tlmate the rgcoverablg amount of an indivKlu¥l a88el, the tharity estimates the
recoverable amount of the rA8h4Jenerating unit to which tha a￿t balongs.
1.11 Cash at b¥nk and In hand
Ca8h at bank and In hand are ba￿¢ flnand81 asset8 indudè cash in hand. dewslts wlth banks and other
8hc*t4em IKJuid Investsnents origlnal malurfbes of three monlhs or less.
1.12 Taxation
The ¢harfty Is oxompt from corptxatlcfi tax cfi ¢h8ritable acliwthes.
1.13 Employm bgn•fits
The eosts ofshort-tsmi employee b8n•fits or¢ w¢>3ni¥ed 85 a baknlity and an expense. unless those o)sts ¥r8
roquired to be r￿nIsed as part of the cost of siock orffixed 8ssets.
The cost of any unused holiday enlillement is reccgnlsed in the in vthich the employee's swvices aro
rerBived.
Ternilnatrjn beneffts are re¢¢gnlsed Immedlalety as an exp￿86 when the charity is demonstrabty ojmmitt
to tgm)Inate ￿ gmk4oymgnt of an employ09 tyto provKJ&1ominalion benefft&
Crltlcal a¢¢ountlng t8tlmat¢8 and Judymènts
In the application ofthe tharity's aczountirvj polirAes. the trustees ar8 required to makejudgemenls, e5timate3
8&8umptlons ab(xrt the catyng arnounl of assets and liabilities that Bre N)t roadily apparent from other
8ourc8s. The asllmates and aS￿e￿tad 888ump14ons are based on historirAI experf8r￿e and othorfactors that
are considered to be relevant. Adual resulls may dlffor from thfjso esOmate$.
Tha &sttmat•s and undartying assuwtions arn rtrvww￿ on an orvJoing basls. RevIsIc￿$ to accounthng
estlmates are recognl*d In the perk)d in whr¢h the estimate is raMse£J w￿re the revision affects only that
p￿10d, or in lh6 ￿riod of Iho r￿lS￿on ar*J lulure p8ri0ds ￿8[¢ th¢ r8wslm affects ty)th f￿r[ent and frjlure
porf¢iJs.

NORTHGATE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Income frorn Ipswlch School
Unr•strfct•d R￿trIct•d
funds
funds
Totsl
2022
Total
2021
Income from Ipswich S¢hc¢4
17.397
17,397
20,804
17a97
17,397
20,864
For the y￿r •nd•d 31 March 2021
20.8fj4
20.864
Investment Income
Unre•trlthd R•strkt•d
fund8
fund8
Total
2022
Total
2021
Incune from listed InV￿*nts
28,372
243
26,614
28.092
28.372
243
26.614
26,092
For the yow ended 31 March 2021
25.853
239
26,092

NORTHGATE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Charftabl• activltles
Grants
payable
Support
Total
2022
Total
2021
Grant fundiNJ of acbviti¢$1$90 not¢ 6)
Shwe of support cosl$18ee nots 7)
26206
28.2
14201
2,275
2,275
1,721
Share ofgmmanr% costs1598 note 7)
1,710
1.710
1.591
26206
30.191
An*¥r3 byfund
Vnrestricted furKJs
Restricted fund$
26.206
30.191
26206
3,985
30,191
For thè ytar ended 31 March 2021
Unrestricted funds
Reslrfrted funds
{420)
3,312
2.892
{420}
3,312
2.892
Grants payabl•
20r2
2021
Grants to indiwduals- 1519rants12021- 1)
2e208
1420}
26,206
{4201
R•conclllatlon of grants pyabl•
2022
2021
Commitment at 31 Marth 2021
Commliments mad9 In Ihg ygar
Grants pold durfng the year
Grants can(*lbd during the ye8r
Comnltments at 31 Marth 2022
26,206
126.208}
(4201
(5801
420
10

NORTHGATE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Support costs
Support
Govgmance
costJ
2022
2021 B¥¥is of •llocatSon
staff Costs
428 Direct
Administration
Insur8n¢o
Examinathon fees
Payroll
945
638
945
836
1,710
S03 Dir8¢t
59B Dlrect
1,591 Dlr9Ct
192 Dir•¢t
1,710
2,275
1,710
3,965
3,312
Tru8t••s
Ncne of the truste68 lor any per￿& ￿nneCt￿ with th8ml Tecelved any r•mun8ratlon or reimbur8ed
oxpenses dudng thls year or th• prior y8ar.
Employ•
Number of employ••$
The averago monthty number of •mployaes duriThJ the year was:
2022
Nurnb•r
2021
Numb•r
Employrnnt costs
Wages and 8alari88
428
Thgre were no ￿nployeeS remuneration £80.000 or more during 2022 or 2021.

NORTHGATE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
10 T•nglble flxod ￿90￿
Ctynputsr Ewipme
Cost
At 1 Aprfl 2021
At 31 March 2022
329
D•pr•¢latlon and Impalrmfrnt
Al 1 April 2021
329
At 31 March 2022
329
Carrylng amount
At 31 March 2021
At 31 Marth 2022
11 Flx•d 888èt Inve8tmenls
V¥lu•tion
At 31 March 2021
ValL￿110n ¢*anges
893,277
77.092
At 31 March 2022
970,370
HlstOTkal cost..
At 31 March 2022
438.895
Al 31 March 2021
438.895
Investm•nt d•tall8:
Endowad
Unrestricted
Restrtcted
722.111
239,325
8,933
970,370
Inv8strn8nts as at 31 Marth 2022 and 2021 conslst ￿tIrelY of COIF In¥￿tr￿￿ni FuThls.
12

NORTHGATE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (coKfiNUED)
FOR THE YEAR ENDED 31 MARCH 2022
12 Dobt￿*
2022
2021
Amount8 falllng due wlthln on• y•8r:
Prnpaym•nts and accrued income
162
151
13 Cr•dltoYs: amounts falling du• wlthln on• yoar
2022
2021
A￿lusI$ and dèfer￿ Inwme
1,710
3,120
1,710
3.120
14 Analy4ls of n•t a•¥•ts b•tw••n funds
Unrn8trict•d R•strkt•d Endv*ment
Totsl
Fund balances at 31 March 2022 are
repre88nt8d by..
Tanglble assets
Investrnents
Current ass*1 Iliablllllosl
239,325
108,454
8.933
722,111
970,370
111.861
347,779
12,341
722,111
1.082.231
Unrestrlct•d
R•8trid•d Endowm•nt
Total
Fund balances at 31 March 2021 are
repre￿Ied by:
Tanglble ossots
Investments
Curr•rtt assetsl Iliabilitiesl
220,311
94,876
8224
3.165
684,742
893,277
98,041
315.187
11.389
664.742
991,318
13

NORTHGATE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2022
1J End￿￿ment funds
Uov•ment in funds
Ineom• Expndlturo
Unr•alls•d Balanco at 31
galnsl
March 2022
{108so81 on
Investments
38lanc• at 1
APTII 2021
Pemianent •ndowments
Northgale Fund
864,742
57.369
722.111
864,742
57,369
722.111
The Endrjwment fund repre8onts those aSBets, whith must be hebj pgmwnenily by t￿ charfty, prfndpally
invesknents. IrKoma aridng ￿ tha 8nd(pMn8nl furKI can ￿ used in accordance wNh the objects of the tharity
and 55 knduded as unrestricted income. kny galns or ljsses arLsing on the inveslments and legal advico
rdolin9 to the furKI charged against the fund.
Mov•m•nt in fund¥
Incom• Expendlturn Unre8ll¥•d B•lanco at 31
galnsl March 2021
(l¢xs•sl on
nvostments
Balance at 1
April 2020
P•miAn•nt •ndowm•nt8
Northgate Fund
550.901
113,841
664,742
550,901
113.841
664,742
14

NORTHGATE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
16 R•strlcl•d fund•
The Inwme funds of the charfty Incl(tde restrfcted funds the following un8xpended bal8nce8 of
donatIc￿S B grants held on trust for sperafic purposes:
Movement In funds
In¢om•
Ex￿ndIt￿re
Balance at 1
April 1021
Unr•Alls•d Balance at 31
gaInsl{lo￿¢¥5}
Mar¢h 2022
on Investsnents
E Hayter Fund
11,389
243
709
12.341
The E H8yier Fund is 8 1og$cy ￿ttl¥8¢1 towa(rJs the promolljn of music In small primary schools.
Mov•m•nt In funthb
Income
ExpendltuY•
Balanee at 1
Aprll 2020
Unro8lls•d B•18n¢• at 31
g•insl{loss•sl
March 2021
on In￿81￿•￿13
E Haytgr Fund
9,742
1.408
11.389
17 R•l#l•d p4rt1o8
Thert have b•¢n no related p8rty transackns In thg ¢urrgnl orpdor year that require di5d0su￿.
15