Charity number: 326303
THE MUTLEY FOUNDATION
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
THE MUTLEY FOUNDATION
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the Charity, its Trustees and advisers | 1 |
| Trustees' report | 2 - 5 |
| Independent examiner's report | 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Notes to the financial statements | 9 - 19 |
THE MUTLEY FOUNDATION
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023
| Trustees | Mr D L Marks |
|---|---|
| Mrs A M Marks | |
| DR G E Marks | |
| Mr A H Marks | |
| Mrs M Palmer | |
| Charity registered number 326303 Principal office Churchill House 137- 139 Brent St London NW4 4DJ Accountants Jake Lew FCA BKL Audit LLP 35 Ballards Lane London N3 1XW Bankers Barclays 2 Churchill Place London E14 5RB |
Page 1
THE MUTLEY FOUNDATION
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees present their annual report together with the financial statements of the The Mutley Foundation for the year ended 31 December 2023.
Objectives and activities
a. Policies and objectives
The Foundation primarily supports other UK Charities by making grants to enable those organisations to fulfil their charitable objectives.
Whilst a number of smaller contributions are made to "general funds" the Foundation considers applications for funding in respect of specific projects received in accordance with the Foundation's Grant Making Policy dated 31 January 2018.
In setting objectives and planning for activities, the trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
b. Strategies for achieving objectives
The Foundation does not welcome unsolicited applications as it feels it can best achieve its objectives by supporting charities known to the trustees.
c. Activities undertaken to achieve objectives
Making grants to Charitable Organisations mainly for specific projects.
As stated in the Grant Making Policy where appropriate the Foundation will consider making applications to support individuals or in supporting non-charitable organisations to provide a public benefit.
d. Main activities undertaken to further the Charity's purposes for the public benefit
The trustees primarily support other UK Charities but consider the guidance contained in the Charity Commission's general guidance on public benefit when considering applications for funding.
Whilst the Foundation considers requests for funding for projects out of the UK projects this is invariably funded via UK Charities who are responsible for ensuring compliance. The majority of such projects are based in Israel where the trustees have regularly visied over many years.
Exceptions may be made where the trustees have sufficient personal knowledge to satisfy themselves as to compliance with UK principles of public benefit.
Page 2
THE MUTLEY FOUNDATION
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
Achievements and performance
a. Review of activities
At the present time the trustees do not feel there is going to be a major change in the types of organisations supported bearing in mind their desire to deal with organisations with which they have personal knowledge/experience.
The charities are supported either by direct grant from the Foundation or via Charities such as Smart Giving and Achisomoch, particularly for smaller non-project related donations.
It is expected that the income and expenditure will fluctuate year on year and that in some years, such as the year under review, the expenditure may exceed the income requiring capital funds to be used. In this regard it is noted that the level of support requested by Charities has increased over the past year due to both local and global events.
For the year under review, there was an excess of expenditure over income of £43,620 (2022: £5,896 surplus). This ignores a net loss of £20,058 (2022: net loss £37,868) on revaluation of investments where the values fluctuate. Whilst the Trustee’s recognise the distinction between income and capital growth, they also have a policy of “total return” where capital growth may be used to fund an income shortfall / reserves for future years.
b. Investment policy and performance
To ensure the best outcome for the Foundation and the charities it donates to, the capital is invested within investment portfolios. The performance of the investment portfolio is managed by professional advisors and monitored regularly by the trustees.
Financial review
a. Going concern
After making appropriate enquiries, the trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
b. Principal funding
The Foundation received in previous years, substantial capital funds from which it derives an income. In addition, donations are received both from the trustees and a company controlled by them. Occasionally, other donations are received but, in general, such donations are not solicited.
Structure, governance and management
a. Constitution
The Mutley Foundation is a registered charity, number 326303, and is constituted under a Trust deed.
Page 3
THE MUTLEY FOUNDATION
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
Structure, governance and management (continued)
b. Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the trustees who are elected and co-opted under the terms of the Trust deed.
c. Organisational structure and decision-making policies
The organisational structure of the Foundation is that of 5 trustees. All charitable donations made by the Foundation are assessed on a case by case basis and approval is required by a majority of the trustees.
However, and as set out in the Grant Making Policy, some grants may be made by the Settlors without reference to the other trustees.
d. Policies adopted for the induction and training of Trustees
The trustees have all been in post for some time being family members of the Settlors. Appropriate training is given when required.
e. Pay policy for key management personnel
There are no paid employees.
f. Financial risk management
The trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
Plans for future periods
The Foundation anticipate continuing making grants in line with its policy. Whilst multi year projects will be considered, this is not normally more than 5 years. Where appropriate, the Foundation will give larger donations paid immediately to the Charity on the basis that they are restricted from making further applications for a stated period unless requested to do so by the trustees.
Page 4
THE MUTLEY FOUNDATION
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
Statement of Trustees' responsibilities
The trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of trustees and signed on their behalf by:
................................................
Mr D L Marks Trustee Date: 22 October 2024
Page 5
THE MUTLEY FOUNDATION
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023
Independent Examiner's Report to the Trustees of The Mutley Foundation ('the Charity')
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2023.
Responsibilities and Basis of Report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Examiner's Statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed: Jake Lew
Dated: 22 October 2024
Jake Lew FCA
BKL Audit LLP 35 Ballards Lane London N3 1XW
Page 6
THE MUTLEY FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023
| Note Income from: Donations and legacies 3 Investments 4 Total income Expenditure on: Raising funds 5 Charitable activities 7 Total expenditure Net (expenditure)/income before net gains/(losses) on investments Net gains/(losses) on investments Net movement in funds before other recognised gains/(losses) Other recognised gains/(losses): Gains/(losses) on revaluation of investment assets Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Restricted funds 2023 £ - - - - - - - 89,108 89,108 (20,058) 69,050 2,079,574 69,050 2,148,624 |
Unrestricted funds 2023 £ 27,500 87,199 114,699 11,015 147,304 158,319 (43,620) - (43,620) - (43,620) 140,195 (43,620) 96,575 |
Total funds 2023 £ 27,500 87,199 114,699 11,015 147,304 158,319 (43,620) 89,108 45,488 (20,058) 25,430 2,219,769 25,430 2,245,199 |
Total funds 2022 £ 36,569 71,967 108,536 10,390 92,250 102,640 5,896 (104,163) (98,267) (37,868) (136,135) 2,355,904 (136,135) 2,219,769 |
|---|---|---|---|---|
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 9 to 19 form part of these financial statements.
Page 7
THE MUTLEY FOUNDATION
BALANCE SHEET AS AT 31 DECEMBER 2023
| Note Fixed assets Investments 11 Investment property 10 Current assets Debtors 12 Cash at bank and in hand Creditors: amounts falling due within one year 13 Net current assets Total assets less current liabilities Net assets excluding pension asset Total net assets Charity funds Restricted funds 14 Unrestricted funds 14 Total funds |
20,360 236,625 256,985 (8,010) |
2023 £ 1,895,090 131,847 2,026,937 248,975 2,275,912 2,275,912 2,275,912 2,148,624 127,288 2,275,912 |
7,303 345,250 352,553 (5,443) |
2022 £ 1,740,812 131,847 |
|---|---|---|---|---|
| 1,872,659 347,110 |
||||
| 2,219,769 | ||||
| 2,219,769 | ||||
| 2,219,769 | ||||
| 2,079,574 140,195 |
||||
| 2,219,769 |
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
Mr D L Marks
(Trustee)
Date: 22 October 2024
The notes on pages 9 to 19 form part of these financial statements.
Page 8
THE MUTLEY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
1. General information
The Mutley Foundation is an unincorporated charity that was registered in England and Wales on 16th February 1983
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The Mutley Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled or the payment date in the offer becomes due. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
Page 9
THE MUTLEY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
2. Accounting policies (continued)
2.4 Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities.
Investments held as fixed assets are shown at cost less provision for impairment.
2.5 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.6 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.7 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
2.8 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
Page 10
THE MUTLEY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
2. Accounting policies (continued)
2.9 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
3. Income from donations and legacies
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2023 | 2023 | 2022 | |
| £ | £ | £ | |
| Donations | 27,500 | 27,500 | 36,569 |
4. Investment income
| Unrestricted funds 2023 £ Rental Income 10,196 Investment Income 77,003 87,199 |
Total funds 2023 £ 10,196 77,003 87,199 |
Total funds 2022 £ 10,196 61,771 |
|---|---|---|
| 71,967 |
5. Investment management costs
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2023 | 2023 | 2022 | |
| £ | £ | £ | |
| Investment management | 11,015 | 11,015 | 10,390 |
Page 11
THE MUTLEY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
6. Analysis of grants
| Grants to | Total | Total | |
|---|---|---|---|
| Institutions | funds | funds | |
| 2023 | 2023 | 2022 | |
| £ | £ | £ | |
| Supporting good causes | 115,079 | 115,079 | 89,135 |
As stated it is not the Foundation's policy to disclose individual grants but in accordance with good practice and the Charities SORP, it is appropriate to disclose material donations.
In considering donations falling within this category, the trustees regard as material any donations which exceed £4,500 in the year under review and/or where there is a connected party.
| Name of institution Finchley Jewish Primary School Trust University Jewish Chaplaincy The FED The CST JFS Charitable Trust Shaare Zedek Laniado UK Bar Ilan University Other grants to institutions |
2023 £ 32,000 8,550 - 6,750 10,080 9,990 6,804 6,500 80,674 34,405 115,079 |
2022 £ 41,300 4,950 4,950 5,400 - - - - |
|---|---|---|
| 56,600 32,535 |
||
| 89,135 |
One of the trustees is also a trustee of the Finchley Jewish Primary School Trust. That trustee played no part in the decision to award the donation noted above.
Page 12
THE MUTLEY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
7. Analysis of expenditure on charitable activities
Summary by fund type
| Unrestricted | |||
|---|---|---|---|
| funds | Total | Total | |
| 2023 | 2023 | 2022 | |
| £ | £ | £ | |
| Supporting good causes | 147,304 | 147,304 | 92,250 |
8. Analysis of expenditure by activities
| Supporting good causes Total 2022 |
Grant funding of activities 2023 £ 115,079 89,135 |
Support costs 2023 £ 32,225 3,115 |
Total funds 2023 £ 147,304 92,250 |
Total funds 2022 £ 92,250 |
|---|---|---|---|---|
Analysis of support costs
| Governance costs Exchange loss/ (gain) Bad debt Total 2022 |
Charitable activities 2023 £ 1,884 (18) 30,359 32,225 3,115 |
Total funds 2023 £ 1,884 (18) 30,359 32,225 3,115 |
Total funds 2022 £ 1,416 154 1,545 |
|---|---|---|---|
| 3,115 | |||
Governance costs are comprised entirely of the Independent Examination fee for the year
Page 13
THE MUTLEY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
9. Independent examiner's remuneration
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Fees payable to the Charity's independent examiner for the preparation and | ||
| independent examination of the Charity's annual accounts | 1,884 | 1,416 |
10. Investment property
| Valuation At 1 January 2023 At 31 December 2023 |
Freehold investment property £ 131,847 131,847 |
|---|---|
The investment properties are shown in the accounts at historical cost. There is no depreciation charged.
11. Fixed asset investments
| Cost or valuation At 1 January 2023 Additions Disposals Revaluations At 31 December 2023 Net book value At 31 December 2023 At 31 December 2022 |
Listed investments £ 1,411,059 123,931 (35,291) 85,696 1,585,395 1,585,395 1,411,059 |
Property income Trust £ 82,876 - - (5,264) 77,612 77,612 82,876 |
Property fund £ 246,877 - - (14,794) 232,083 232,083 246,877 |
Total £ 1,740,812 123,931 (35,291) 65,638 1,895,090 1,895,090 1,740,812 |
|---|---|---|---|---|
Page 14
THE MUTLEY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
12. Debtors
| Due within one year Trade debtors Other debtors |
2023 £ 9,170 11,190 20,360 |
2022 £ 4,347 2,956 |
|---|---|---|
| 7,303 |
13. Creditors: Amounts falling due within one year
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Accruals and deferred income | 8,010 | 5,443 |
Page 15
THE MUTLEY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
14. Statement of funds
Statement of funds - current year
| Unrestricted funds General Funds - all funds Restricted funds Restricted Funds - all funds Capital account Quilter investements revaluation reserve PITCH revaluation reserve Charities Property Fund Total of funds |
Balance at 1 January 2023 £ 140,195 2,079,574 - - - - 2,079,574 2,219,769 |
Income £ 114,699 - - - - - - 114,699 |
Expenditure £ (127,606) - - - - - - (127,606) |
Transfers in/out £ - - - - - - - - |
Gains/ (Losses) £ - 69,050 - - - - 69,050 69,050 |
Balance at 31 December 2023 £ 127,288 |
|---|---|---|---|---|---|---|
| 2,148,624 - - - - |
||||||
| 2,148,624 | ||||||
| 2,275,912 |
Page 16
THE MUTLEY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
14. Statement of funds (continued)
Statement of funds - prior year
| Unrestricted funds General Funds - all funds Restricted funds Restricted Funds - all funds Capital account Quilter investements revaluation reserve PITCH revaluation reserve Charities Property Fund Total of funds |
Balance at 1 January 2022 £ 134,299 - 1,971,329 207,656 (25,352) 67,972 2,221,605 2,355,904 |
Income £ 108,536 - - - - - - 108,536 |
Expenditure £ (102,640) - - - - - - (102,640) |
Transfers in/out £ - - 22,888 (22,888) - - - - |
Gains/ (Losses) £ - - (10,018) (94,145) (16,773) (21,095) (142,031) (142,031) |
Balance at 31 December 2022 £ 140,195 - 1,984,199 90,623 (42,125) 46,877 2,079,574 2,219,769 |
|---|---|---|---|---|---|---|
Page 17
THE MUTLEY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
15. Summary of funds
Summary of funds - current year
| General funds Restricted funds |
Balance at 1 January 2023 £ 140,195 2,079,574 2,219,769 |
Income £ 114,699 - 114,699 |
Expenditure £ (127,606) - (127,606) |
Gains/ (Losses) £ - 69,050 69,050 |
Balance at 31 December 2023 £ 127,288 2,148,624 |
|---|---|---|---|---|---|
| 2,275,912 |
Summary of funds - prior year
| General funds Restricted funds |
Balance at 1 January 2022 £ 134,299 2,221,605 2,355,904 |
Income £ 108,536 - 108,536 |
Expenditure £ (102,640) - (102,640) |
Transfers in/out £ - - - |
Gains/ (Losses) £ - (142,031) (142,031) |
Balance at 31 December 2022 £ 140,195 2,079,574 |
|---|---|---|---|---|---|---|
| 2,219,769 |
16. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Fixed asset investments Investment property Current assets Creditors due within one year Total |
Restricted funds 2023 Unrestricted funds 2023 £ £ 1,895,090 - 131,847 - 129,697 127,288 (8,010) - 2,148,624 127,288 |
Total funds 2023 £ 1,895,090 131,847 256,985 (8,010) 2,275,912 |
|---|---|---|
Page 18
THE MUTLEY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
16. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior year
| Fixed asset investments Investment property Current assets Creditors due within one year Total |
Restricted funds 2022 £ 1,740,812 131,847 212,358 (5,443) 2,079,574 |
Unrestricted funds 2022 £ - - 140,195 - 140,195 |
Total funds 2022 £ 1,740,812 131,847 352,553 (5,443) 2,219,769 |
|---|---|---|---|
Page 19
Mutley Foundation Signed Accounts 2023 -
e_signing
Final Audit Report
2024-10-22
Created: 2024-10-22 By: Majella Brooks (Majella.Brooks@bkl.co.uk) Status: Signed Transaction ID: CBJCHBCAABAA5-OngY_QiAWqwKzf-Mg8yc-p36Fd0P_y
"Mutley Foundation Signed Accounts 2023 - e_signing" History
Document created by Majella Brooks (Majella.Brooks@bkl.co.uk)
2024-10-22 - 09:59:17 GMT- IP address: 86.25.171.149
Document emailed to David Marks (davidmarks@mutleyproperties.co.uk) for signature
2024-10-22 - 10:02:48 GMT
Email viewed by David Marks (davidmarks@mutleyproperties.co.uk)
2024-10-22 - 10:31:04 GMT- IP address: 104.28.131.74
Document e-signed by David Marks (davidmarks@mutleyproperties.co.uk)
Signature Date: 2024-10-22 - 11:04:05 GMT - Time Source: server- IP address: 87.71.157.172
Document emailed to Jake Lew (Jake.Lew@bkl.co.uk) for signature
2024-10-22 - 11:04:07 GMT
Email viewed by Jake Lew (Jake.Lew@bkl.co.uk)
2024-10-22 - 12:02:32 GMT- IP address: 104.47.11.62
Document e-signed by Jake Lew (Jake.Lew@bkl.co.uk)
Signature Date: 2024-10-22 - 12:02:50 GMT - Time Source: server- IP address: 31.121.171.20
Agreement completed.
2024-10-22 - 12:02:50 GMT