REGISTERED CHARITY NUMBER: 0313349 dFln 1st Onyx Accountants Ltd Chartered Management Accountants Onyx House 12 Phoenlx Buslness Park Avenue Clo80 Bimiingham Wast Midlands B7 4NU
HW nde In I ts of the Flnanclal Statèm nts for the Year End 21 Page Report of th8 Trustees Independent Examlnefs Report Ststement of Flnanclal Actlvltle8 Balance Sheet Not88 to the Flnanclal Ststem8nts Detalled Stst8mant of Fln8nclal Actlvrtl88 10
erso Re ort of the Tr for thè Year Ended 5 A ril 2 The trustees pr8sent thelr report wlth the flnanclal ststements of the chadty for the year ended 5 April 2021. The trustees have adopted the provlslons of Accountlng and Reporting by Charltles: Ststement of Recommended Practlce applicable to charities pr8paring their accounts in accordance wlth th8 Flnancial Reportlng Stsndard appllcable in the UK and Rapublic of Ireland (FRS 102) (8ffectlve 1 January 2019). STRUCTURE, GOVERNANCE AND MANAGEMENT Govomlng document Th6 chartty is controlled by Its goveming document. a deed of trust and constttutes an unlncorporated charfty. REFERENCE AND ADMINISTRATIVE DETAILS R•gl8t•red Charlty number 0313349 Prlnclpal addro8• 28 Hlghlever Road London W10 6PS Trustè08 D S Lowe Trustee Indopendenl Examln•r Paresh Bodhanl CIMA Onyx Accountants Ltd Chartered Management Accountants Onyx House 12 Phoenlx Busln888 Park Avenue Close Blmilngham West Mldlands B7 4NU Approved by order of the board of trustee8 on 22 Decembgr 2021 and slgned on It8 behalf by: D S Lowe - Trustee Page 1
Examin r's Re ort to the Tru sof ndér Independent examiner's report to the trustees of HW Sanderson Art In Industry Fund I report to the charlty trustees on my examlnation of th8 accounts of HW Sanderson Art in Industy Fund (th8 Trust) for th8 year ended 5 Aprll 2021. R8spon8lbllltle8 and ba818 of report As th8 charlty trustees of the Trust you are responslble for tho preparatton of th8 accounts In accordanco with the requirements of the ChaTitie8 Act 2011 (Ihe AcV>. I report In r88pect of my examlnatlon of the Trusvs accounts carri8d out under sectlon 145 of the Act and In carrylng out my examlnatlon I have followed all appllcable Dlrectlons glven by the Charlty Commlsslon under 8ectlon 14515)(b) of th8 Act. Independent examlnerfs statement I have wrnpleted my examlnatlon. I conflrm that no materlal matters have come to my attentlon In connectlon wlth the examlnatlon glvlng me cause to belleve that In any materlal re8pect: accountlng records were not kept In resp8ct of the Trust 88 requlred by 8ectlon 130 of the Act., or the accounts do not accord vAth those records; or the ac¢ounts do not comply with the appll¢able requlrem8nts Concernlng th8 form and content of accounts Set out In the Charllles (Accounts and Reports) Rogulatlons 2008 other than any requlrement that the accounts glve a true and falr vlaw whlch Is not a matter consldered as part of an IrKlep8ndent examlnatlon. I have concerns and have come across no other mattars In connection wlth the axaminatlon to whlch attentlon Should be drawn In Ih18 report In ordgr to enable a propgr und8r3tsndlng of th8 accounts to be reached. Paresh Bodhanl CIMA Onyx Accountants Ltd Chartered Management Accountants Onyx House 12 Phoenlx Busln888 Park Avenue Close Blmiingham West MldlarKIs B7 4NU Date., Page 2
an Fun ment of F. ear End ancial iviti8S forth 5.4.21 Unrestrlcted fund 5.4.20 Totsl funds Notes INCOME AND ENDOWMENTS FROM Donations and19gacles 105,000 Investment Incoma 10.386 17,094 Total 115.386 17.094 EXPENDITURE ON Charltablo actlvltl•8 HW Arts In$tftutlon$ 15.348 23,775 Net galnsl{10$8es) on Investments 149,725 (72,264) NET INCOMEI{EXPENDITURE) 249,783 (78,945) RECONCIUATION OF FUNDS Tolal lund8 brought forward 589,692 668,637 TOTAL FUNDS CARRIED FORWARD 839,455 589,692 The notes form part of these flnancial stat8ments Page 3
In B81 nce Sh 5.4.21 Unrestrlcted fund 5.4.20 Total fund8 Not8S CURRENT A8SErs Debtors Inv8Stments Cash at bank and In hand 450 823,902 15.103 450 573,791 15,451 839.455 589,692 NEf CURREKfASSET8 839,455 589,692 TOTAL ASSETS LESS CURRENT LIABILrriES 839,455 589.692 NET ASSET8 839,455 589,692 FUNDS Unre8trfcted funds 839,455 $89,692 TOTAL FUNDS 839,455 589,892 The ffinanclal stst8m8nts were approved by the Board of Tru8tee8 and 8Uthorl8ed for Issue on 22 December 2021 and were slgned on its behalf by.. D S Lowe - Trustee The notes fomi part of these flnancial statements Page 4
onArtlnln Inanclal Statemen Year Ended 5 A ri12021 ACCOUNTING POLICIES Ba818 of proparlng tho flnanclal statements The flnanclal statements of the ¢harity, vthlGh Is a public benefit en under FRS 102, have been prepared in aGcardan¢e with the CharitSes SORP (FRS 102) 'Accounting and Reportlng by Charltles: Statement of RecA)mm6nded Practlce appllcable to charities preparing thelr accounts In acwrdance with the FlnanGial Reporting Standard appllcabla In th8 UK and Republlc of Ireland (FRS 102) (effectlve 1 January 2019),. Flnanclal Reportlng Stsndard 102 Th8 Flnanaal Reportlng Standard appllcable In the UK and R8publlc of Ireland, and the Charitles Act 2011. The financial stataments have been prepared under the hlstorlcal Cost convention. In¢omo All Income Is recognlsed In the Statement of FlnancSal Actlvltles once the charlty ha8 entltlement to the fLtnds, It Is probabla that th8 Incom8 w511 be recelved and the amount can be measured reliably. Expondfturo Llabilttles are recognl8ed a$ experKllbJr6 88 soon as there Is a legal or con8tructlve obllgatlon commlttlng the charlty to that expendlture. It18 probable that 8 tran8fer of economlc beneflts wlll be requlred In 8ettlem6nt and the amount of the obligatlon can be m&asur8d rellably, Expandlture18 accounted for on an accrual8 b8818 8nd has been classined under headlngs that aggregats 811 cost related to the category. Where costs cannot be dlrectly attrfbuted to partlcular headlng8 they have been allocated to actMtle8 on a basls conslstent wlth the u8e of resources. Grants off8r8d sublect to condltlons whlch have not b8en met at th8 year 8nd dats are noted a8 a commltment but not accrued as expendlture. Taxatlon The charSty18 exempt from tsx on 5t8 charltsble actlvltles. Fund accountlng Unrestricted funds can be us8d In accordance with the charltable oblectlves at the dlacretlon of the trustees. Restrlctsd funds can only be used for partlcular re8trlcted purpo888 thrfthln th8 objects of tho charlty. R8StrlctSons arlse when specmed by th8 donor or when funds are ralsed for partlcular restrfcted purpo$88. Further explanatlon of the nature and purpose of each fvnd Is Included In the notes to the financlal statements. Page 5 contlnu8d...
otes to Finan Statem8nts- earE d5A ri12021 ntlnu INVESTMENT INCOME 5.4.21 5.4.20 Invt Dlvidend Income Rectlved Inv't Interest Recèlved 8,549 1,837 14,155 2,939 10.386 17,094 TRUSTEES. REMUNERATION AND BENEFITS There waro no trustees, remuneratlon or other bgnefft8 for the year ended 5 Aprfl 2021 nor for the year ended 5 Apdl 2020. Tru8t•o8' oxp•n• There were no trustees, expenses pald for the year ended 5 Apdl 2021 nor for the year ended S Aprll 2020. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIE8 Unrestrlcte fund INCOME AND ENDOWMENTS FROM Investment Income 17,094 EXPENDITURE ON Charltable actlvltle8 HW Arts Instltutlon8 23,775 Net galn81(108ses) on Investments (72.2841 NEf INCOMEI(EXPENDITURE) (78,945) RECONCILIATION OF FUNDS Total funds brought forward 668,637 TOTAL FUNDS CARRIED FORWARD 5B9,692 Pag8 6 contlnued...
nArtin Not they eFln tat8m 021 ntlnued DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 5.4.21 5.4.20 Othar debtors 450 450 CURRENT ASSET INVESTMENTS 5.4.21 5:4.20 Llsted investments Cash Retained on Inv't Nc 823,902 573.184 607 823,902 573.791 MOVEMENT IN FUNDS Net movement In funds At 5.4.21 At 8.4.20 Unre8trf¢t•d fund8 General fund 589,692 249,763 83.9.455 TOTAL FUND8 589,692 249,763 839.455 Net movement In funds, Induded In the above ar8 as follows: Incomlng Re$ources Galns and Movement rosources expended 108808 In funds Unrè•trl¢tod funds General fund 115,386 (15.348) 149,725 249.783 TOTAL FUNDS 115,386 (15.348) 149,725 249.763 Comparatlv•8 ft+r movomont In fund• Net movement In funds At6.4.19 5.4.20 Unrestrlcted fundg General fund 668.637 178,945) 585.692 TOTAL FUNDS 668.637 (78,945) 589,692 Page 7 ¢ontlnued...
Notes to the Financial S for th8 Year Endè ment ri12 ntinu8 MOVEMENT IN FUNDS - contlnuod Comparatlve net movement In funds. Induded In the abovè are as follows: Incoming Resources Gains and Movement resourcas èxpended 10&8e8 in funds Unrestrleted fund8 General fund 17,094 (23,775) (72,284) (78.945) TOTAL FUNDS 17.094 {23,775) (72.264) {78,945) A current year 12 month8 and prlor y88r 12 month¥ comblned p081tlon18 as follows: Net movement In funds At 5.4.21 At 6.4.19 Unre8trlcted fund$ General fund 668,637 170,818 839,455 TOTAL FUNDS 668,637 170,818 839,455 A current year 12 months and prlor year 12 months comblnod net movement Ih funds, Included In the al)ove are as follows,. Incomlng Resources Galns and Movement resources expended Ioss88 In funds Unrestrlcted funds General fund 132,480 (39.123) 77,461 170,818 TOTAL FUNDS 132.480 (39,1231 Tl,461 170,818 Page 8 contlnu8d...
erson in Indu tes to anctal State ents- continue for the Y r Ended ril 2021 RELATED PARTY DISCLOSURES There were no related paty transactlons for the yaar ended 5 Aprfl 2021. Page 9