| Report ofthe Trustees | 1 | to | 8 |
|---|---|---|---|
| Report ofthe Independent Auditors |
9 | to | 11 |
| Statement ofFinancial Activities | 12 | ||
| Balance Sheet | 13 | ||
| Cash Flow Statement | |||
| Notes to the Cash Flow Statement | 15 | ||
| Notes to the Financial Statements | 16 | to | 25 |
| Detailed Statement ofFinancial Activities | 26 | to | 27 |
| education bursaries. On |
e ov | erseas school project | in the Ghana was supported in the |
sum off20,000. |
|---|---|---|---|---|
| Analysis ofgrants | 31,03,22 | 31.03.21 | ||
| Medical, Health, Wellbeing |
50,780 | 380,861 | ||
| Education - organisations | 51,200 | 50,200 | ||
| Education - individual | bursa6es | 24,750 | 43,000 | |
| Religious | 7,500 | 26,606 | ||
| Community, Environment, |
General | 27,612 | 40,105 | |
| Arts, Cultural, Heritage |
945 | 44,889 | ||
| Discounting movement |
& 1 | year | 9,327 | 20,259 |
| Grants and Donations | 172,114 | 605,920 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Unrestricted | Total | ||||
| fund | funds | ||||
| Notes | |||||
| INCOME AND ENDOWMENTS | FROM | ||||
| Donations and legacies |
346,987 | 340,250 | |||
| Investment income |
103,513 | 85,550 | |||
| Total | 450,500 | 425,800 | |||
| EXPENDITURE ON | |||||
| Charitable activities |
|||||
| Grants and donations | 172,114 | 605,920 | |||
| Other | 54,881 | 49,631 | |||
| Total | 226,995 | 655,551 | |||
| Net gains on investments | 32,087 | 221,893 | |||
| NET INCOME/(EXPENDITURE) | 255,592 | (7,858) | |||
| RECONCILIATION | OF FUNDS | ||||
| Total funds brought | forward | 1,149,272 | 1,157,130 | ||
| TOTAL FUNDS CARRIED FORWARD | 1,404,864 | 1,149,272 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Unrestricted | Total | |||
| fund | funds | |||
| Notes | ||||
| FIXEDASSETS | ||||
| Tangible assets | 10 | 29,099 | 26,991 | |
| CURRENT ASSETS | ||||
| Debtors | ll | 29,047 | 25,187 | |
| Investinents | 12 | 1,614,718 | 1,647,960 | |
| Cash at bank | 250,716 | 273,019 | ||
| 1,894,481 | 1,946,166 | |||
| CREDITORS | ||||
| Amounts falling due within |
one year | 13 | (512,170) | (661,142) |
| NET CURRENT ASSETS | 1,382,311 | 1,285,024 | ||
| TOTAL ASSETSLESSCURRENT LIABILITIES | 1,411,410 | 1,312,015 | ||
| CREDITORS | ||||
| Amounts falling due after more than one year |
14 | (6,546) | (162,743) | |
| NET ASSETS | 1,404,864 | 1,149,272 | ||
| FUNDS | 15 | |||
| Unrestricted funds |
1,404,864 | 1,149,272 | ||
| TOTAL FUNDS | 1,404,864 | 1,149,272 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Notes | |||||
| Cash flows from operating | activities | ||||
| Cash generated from operations |
(187,983) | (331,438) | |||
| Net cash used in operating | activities | (187,983) | (331,438) | ||
| Cash flows from investing | activities | ||||
| Purchase oftangible fixed assets |
(3,162) | ||||
| Purchase ofcurrent asset investments | (775,828) | ||||
| Sale ofcurrent asset investments | 65,329 | ||||
| 1nterest received | 38,421 | 34,117 | |||
| Dividends received |
65,092 | 51,433 | |||
| Net cash provided by/(used |
in) investing | activities | 165,680 | (690,278) | |
| Change in cash and cash equivalents |
in the | ||||
| reporting period |
(22,303) | (1,021,716) | |||
| Cash and cash equivalents | at the beginning | of | |||
| the reporting period |
273,019 | 1,294,735 | |||
| Cash and cash equivalents | at the end | ofthe | |||
| reporting period |
250,716 | 273,019 |
| ACTIVITIES | ||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Net income/(expenditure) | for the reporting | period (as per the Statement of | ||
| Financial Activities) | 255,592 | (7,858) | ||
| Adjustments for: |
||||
| Depreciation charges |
1,054 | |||
| Gain on investments | (32,087) | (221,893) | ||
| Interest received | (38,421) | (34,117) | ||
| Dividends received |
(65,092) | (51,433) | ||
| {Increase)/decrease in debtors |
(3,860) | 153,488 | ||
| Decrease in creditors | (305,169) | (169,625) | ||
| Net cash used in operations | (187,983) | (331,438) | ||
| ANALYSIS OF CHANGES IN NET FUNDS | ||||
| At 1.4.21 | Cash flow | At 31.3.22 | ||
| Net cash | ||||
| Cash at bank | 273,019 | (22,303) | 250,716 | |
| 273,019 | (22,303) | 250,716 | ||
| Liquid resources | ||||
| Deposits included in cash |
||||
| Current asset investments | 1,647,960 | (33,242) | 1,614,718 | |
| 1,647,960 | (33,242) | 1,614,718 | ||
| Total | 1,920,979 | (55,545) | 1,865,434 |
| 3. | INVESTMENT INCOME | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Deposit account interest | 24 | 252 | |
| Other interest | 21 | ||
| Dividends and interest on investments |
103,468 | 85,298 | |
| 103,513 | 85,550 |
| 4. | CHARITABLE ACTIVITIES COSTS | ||
|---|---|---|---|
| Grant | |||
| funding of | |||
| activities | |||
| (see note | |||
| 5) | |||
| Grants and donations | 172,114 | ||
| 5. | GRANTS PAYABLE | ||
| 2022 | 2021 | ||
| Grants and donations | 172,114 | 605,920 |
| Analysis of | grants | grants | Grants to | Grants to | ||
|---|---|---|---|---|---|---|
| institutions | individuals | |||||
| Medical, Health | and Wellbeing | 50,780 | ||||
| Education | 51,200 | 24,750 | ||||
| Religious | 7,500 | |||||
| Conznunity | and | General | 27,612 | |||
| Arts, Cultural | and Heritage | 945 | ||||
| Discounting | movement ofthe balances | due &1year | 9,327 | |||
| 147,364 | 24,750 | |||||
| Analysis of | major institutional | grants | ||||
| Childhood Eye |
Cancer Trust | 50,000 | ||||
| Other institutions | &550,000 | 122,1]4 | ||||
| 172,114 |
| Governance | ||||||
|---|---|---|---|---|---|---|
| Management | Finance | costs | Totals | |||
| Other | resources | expended | 40,596 | 25 | 14,260 | 54,881 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Auditors' | remuneration | 3,980 | 3,576 | |
| Auditors' | remuneration | for non audit work | 2,800 | 2,580 |
| Depreciation - owned |
assets | 1,054 |
| TANGIBLE FIXED ASSETS | |||
|---|---|---|---|
| Freehold | Computer | ||
| prope&ty | equipment | Totals | |
| COST | |||
| At 1 Apri12021 |
26,991 | 26,991 | |
| Additions | 3,162 | 3,162 | |
| At 31 March 2022 | 26,991 | 3,162 | 30,153 |
| DEPRECIATION | |||
| Charge for year | 1,054 | 1,054 | |
| NET BOOK UALUE | |||
| At 31 March 2022 | 26,99] | 2,108 | 29,099 |
| At 31 March 2021 | 26,991 | 26,991 |
| 2022 | 2021 | ||
|---|---|---|---|
| Amounts | falling due within one year: | ||
| Other debtors | 16,306 | 17,117 | |
| Loans | 4,000 | 5,500 | |
| 20,306 | 22,617 | ||
| Amounts | falling due after more than one year: | ||
| Loans | 8,741 | 2,570 | |
| Aggregate | amounts | 29,047 | 25,187 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Listed investments | 1,614,718 | 1,647,960 | ||
| Current asset investments | comprise: | |||
| Market Value | Market Value | |||
| 2022 | 2021 | |||
| UK - fixed interest | 762,134 | 794,268 | ||
| UK - preference | shares | 60,369 | 64,282 | |
| UK - equities | 792,215 | 789,410 | ||
| 1,614,718 | 1,647,960 |
| 13. | CREDITORS: | AM | OUNTS FA | LLING DUE | WITHIN ONE YEAR | |||
|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||
| Trade creditors | 7,480 | |||||||
| Grants and donations |
498,637 | 649,372 | ||||||
| Accrued expenses | 6,053 | 11,770 | ||||||
| 512,170 | 661,142 | |||||||
| 14. | CREDITORS: | AMOUNTS FALLING DUE AFTER MORE THAN | ONE YEAR | |||||
| 2022 | 2021 | |||||||
| Grants and donations | due 1-5years | 6,546 | 162,743 | |||||
| 15, | MOVEMENT | IN FUNDS | ||||||
| Net | ||||||||
| movement | At | |||||||
| At 1.4.21 | &n funds | 31.3.22 | ||||||
| Unrestricted funds |
||||||||
| General fund | 1,149,272 | 255,592 | 1,404,864 | |||||
| TOTAL FUNDS | 1,149,272 | 255,592 | 1,404,864 | |||||
| Net movement | in funds, included | in the above | are as follows: | |||||
| Incoming | Resources | Gains and | Movement | |||||
| resources | expended | losses | in funds | |||||
| Unrestricted funds |
||||||||
| General fund | 450,500 | (226,995) | 32,087 | 255,592 | ||||
| TOTAL FUNDS | 450,500 | (226,995) | 32,087 | 255,592 |
| Net | ||||||||
|---|---|---|---|---|---|---|---|---|
| movement | At | |||||||
| At 1.4.20 | in funds | 31,3.21 | ||||||
| Unrestricted | funds | |||||||
| General | fund | 1,157,130 | (7,858) | 1,149,272 | ||||
| TOTAL | FUNDS | 1,157,130 | (7,858) | 1,149,272 | ||||
| Comparative | net movement | in funds, included | in the above are as follows: | |||||
| Incoming | Resources | Gains and | Movement | |||||
| resources | expended | losses | in funds | |||||
| Unrestricted | funds | |||||||
| General | fund | 425,800 | (655,551) | 221,893 | (7,858) | |||
| TOTAL | FUNDS | 425,800 | (655,551) | 221,893 | (7,858) | |||
| A current | year 12months | and prior year 12 months | combined position | is as follows: | ||||
| Net | ||||||||
| movement | At | |||||||
| At 1.4.20 | in funds | 31.3.22 | ||||||
| Unrestricted | funds | |||||||
| General | fund | 1,157,130 | 247,734 | 1,404,864 | ||||
| TOTAL | FUNDS | 1,157,130 | 247,734 | 1,404,864 |
| Incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||
| Unrestricted | funds | |||||
| General | fund | 876,300 | (882,546) | 253,980 | 247,734 | |
| TOTAL | FUNDS | 876,300 | ~562,546) | 253,980 | 247 734 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| INCOME AND ENDOWMENTS | ||||
| Donations and |
legacies | |||
| Donations | 346,987 | 340,250 | ||
| Investment income |
||||
| Deposit account interest | 24 | 252 | ||
| Other interest | 21 | |||
| Dividends and |
interest on | investments | 103,468 | 85,298 |
| 103,513 | 85,550 | |||
| Total incoming | resources | 450,500 | 425,800 | |
| EXPENDITURE | ||||
| Charitable activities |
||||
| Grants to institutions | 172,114 | 605,920 | ||
| Support costs | ||||
| Management | ||||
| Insurance | 779 | |||
| Management | fees | 33,750 | 42,250 | |
| Sundries | 4,033 | 1,222 | ||
| ITcosts | 980 | |||
| Depreciation | oftangible | assets | 1,054 | |
| 40,596 | 43,472 | |||
| Finance | ||||
| Bank charges | 25 | |||
| Governance | costs | |||
| Auditors' remuneration |
3,980 | 3,576 | ||
| Auditors' remuneration |
for non audit work | 2,800 | 2,580 | |
| Legal fees | 7,480 | |||
| 14,260 | 6,156 | |||
| Total resources | expended | 226,995 | 655,551 | |
| Net income/(expenditure) | before gains and losses | 223,505 | (229,751) |
| 2022 | 202] | |||
|---|---|---|---|---|
| Realised | recognised | gains and losses | ||
| Current | asset investments | (14,085) | ||
| Net income/(expend | itu re) | 209,420 | (229,751) |