|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||