2021-03-31-accounts

List ofTrustees and Advisers	List ofTrustees and Advisers
General	Power and Application ofIncome
Review	ofProgress and Achievements
Summary	Financial Review
Independent Examiner's Report
Annual	accounts	7-12

SARAH BONNELL FOUNDATION REGISTERED CHARITY NO. 312659	SARAH BONNELL FOUNDATION REGISTERED CHARITY NO. 312659	SARAH BONNELL FOUNDATION REGISTERED CHARITY NO. 312659
Statement ofFinancial Activities (incorporating an			income and expenditure		account)
For the Year ended 31"March	2021
	Note	2021	2021		2021	2020
		Umestricted Capital	Unrestricted Revenue		Total	Total
Income from:
Invest ment Income			61,569		61,569	71,674
Other Income
Total Income			61,569		61,569	71,674
Expenditure on:
Cost ofraising funds			5,670		5,670	4,983
Charitable activities			18,441		18,441	168,285
Total expenditure			24,111		24,111	173,268
Net Income/(Expenditure)			37,458		37,458	(101,594)
Gains/(losses) on investments		293,176		293,176		~238,099
Net Movement in Fund	6	293,176	37,458	330,634		(339,693)
Fund balance brought forward		1,390,408	19,372	1,409,780		1,749,473
Fund balance carried forward		1,683,584	56,830	1,740,414		1,409,780

Notes	to the Accounts for the Year ended 31"March 2021
1	Accounting Policies
a)	Basis ofpreparation
	The financial statements have been prepared in accordance with Accounting and Reporting b	Charities:
	charities preparing their accounts in accordance with the Financial Reporting Standard applica	le in the
	January 2015) - (Charities SORP FRS 102).
	The charity meets the definition of a public benefit entity under FRS102.Assets and liabilitie	are initia
	unless otherwise stated in the relevant accounting policy or note.
	Going concern
	The trustees consider that there are no material uncertainties about the charitable company's	ability to
b)	consider that there are any sources ofestimation uncertainty at the reporting date that have a s	gnificant
	amounts ofassets and liabilities within the next reporting period.
	Income
	Income is recognised when the charity has entitlement to the funds, any performance condition	attached
	income will be received and that the amount can be measured reliably.
c)	Fund accounting
	Unrestricted funds are available to spend on activities that further any ofthe purposes ofchari	.Designate
	the trustees have decided at their discretion to set aside to use for a specific purpose. Restricte	funds ar
	solely used for particular areas ofthe charity's work or for specific projects being undertaken by	he charity
d)	Expenditure and irrecoverable VAT
	Expenditure is recognised once there is a legal or constructive obligation to make a payment to	tlutd pat
	the amount ofthe obligation can be measured reliably. Expenditure is classified under the folio ~ Costs of raising funds comprise of trading costs and the costs incurred by the char	g activity table con
	contributions to it, as well as the cost ofany activities with a fundraising purpose.
	~ Expenditure on charitable activities includes the costs of delivering services and other a	tivities un
	their associated support costs.
e)
	Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurre
	Listed investments
	Investments are a form ofbasic financial instrument and are initially recognised at their transacti	n value a
	balance sheet date using the closing quoted market price. Any change in fair value will be reco	sed in the

nvestment Inco	me
		2021	2020
Charishare COIF	gncome)	17,858	17,506
MRG Charibond	Fixed Interest CIF	1,867	1,742
Black Rock Merrill	I.ynch Charishare COIF	3,478	2,758
M BcG Charifund		38,366	49,668
Bank interest
Total Investment	Income	X61,569	Q1,674

nalysis ofexpe	nditure
		Basis of	Cost of	Chadtable	2021	2020
		allocation	raising	activities	Total	Total
			funds
Awards to pupils		Direct		4,500	4,500	12,500
Outward Bound course		Direct				12,000
Administration costs		Direct	5,670		5,670	4,983
Dictionaries and planners		Direct				3,000
Reading books		Direct		5,531	5,531	6,426
Brilliance work		Direct				1,920
Birthday gift for students		Direct		1,350	1,350
Drumworks		Direct				12,000
Cheltnam college	bursary	Direct		1,060	1,060	4,000
Music hub		Direct				112,500
International womens day		Direct		6,000	6,000	3,939
Total expenditure	2021		5,670	18,441	24,111	173,268
Total expenditure	2020		4,983	168,285	173,268

		No ofunits	Price	Market
			Q)~ence	~Value
Other Funds
CCLA-COIF (income Fund)		33,975.70	1792.64	609,062
CCLA-COIF (PrLze Fund)		130.00	1792.64	2,330
				611,392
Wider Range
M &G Charifund		59,482.00	1472.41	875,819
M &G Charibond		62,220.00	123.52	76,854
Black Rock Charishare		17,967.43	665.20	119,519
				1,072,192
Total Value ofInvestments				1,683,584
Quoted Investments				2020 2021
Market value 31"March	2020			1,390,408
Net unrealised gains				293,176
Market Value 31"March	2021			1)683,584
5 Creditors (Amounts	falling due within one year)
			2021	2020
Trade creditors			18,441	173,361

6	Analysis ofnet	assets between funds
		Unrestricted	Unrestricted		Restricted
		capital funds	revenue	funds	funds
		2021		2021	2021
	Funds Balances	at 31March 2021
	are represented	by
	Investments	1,683,584
	Current assets			75,271
	Current liabilities		18,44'I
	Total Net Assets	1,683,584		56,830
	Analysis ofnet	assets between funds 2020
		Unrestricted	Unrestricted		Restricted
		capital funds	revenue	funds	funds
		2020		2020	2020
	Funds Balances	at 31March 2020
	are represented	by
	Investments	1,390,408
	Current assets		192,733
	Current liabilities		173,361
	Total Net Assets	1,390,408		19,372