2022-03-31-accounts - The De Laszlo Foundation

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		Page
Chairman's	Report
Report of	the Trustees	2 to	7
Report of	the Independent Auditors	8 to	10
Statement	of Financial Activities	11 to	12
Statement	of Financial Position	13
Statement	of Cash Flows	14
Notes to the Statement of Cash Flows
Notes to the Financial Statements		16 to	26
Detailed Statement of Financial Activities		27 to	28

							Period
							6.4.21
							to	Year Ended
							31.3.22	5.4.21
					Unrestricted	Restricted	Total	Total
					funds	fund	funds	funds
				Notes	f	f	f	f
INCOME AND ENDOWMENTS			FROM
Donations and legacies					391,713	413,358	805,071	734,527
Investment income					313,256		313,256	268,416
Other income					292,197		292,197	123,765
Total					997,166	413,358	1,410,524	1,126,708
EXPENDITURE ON
Raising funds
Raising donations	and legacies				24,209		24,209	21,858
					24,209		24,209	21,858
Charitable activities
Arts						129,418	129,418	94,655
Education					267,811	8,000	275,811	188,209
Medicine					104,131	123,000	227,131	172,884
Scholarships and Grants					90,250		90,250	62,500
Archive Trust						200,000	200,000	170,000
Other Charities					2,200		2,200	773
Science					76,074		76,074	36,600
Economics					17,372		17,372	5,450
Other					7,858		7,858	10,411
Total					589,905	460,418	1,050,323	763,340
Net gains/(losses)	on	investments			(89,423)		(89,423)	396,419
NET INCOME/(EXPENDITURE)					317,838	(47,060)	270,778	759,787
RECONCILIATION	OF	FUNDS
Total funds brought		forward			3,604,711	57,395	3,662,106	2,902,319

							Period
							6.4.21
							to	Year Ended
							31.3.22	5.4.21
					Unrestricted	Restricted	Total	Total
					funds	fund	funds	funds
				Notes	f	f	f	f
TOTAL	FUNDS	CARRIED	FORWARD		3,922,549	10,335	3,932,884	3,662,106

					2022	2021
			Unrestricted	Restricted	Total	Total
			funds	fund	funds	funds
		Notes	E	E	f	f
FIXEDASSETS
Investments		11	3,723,087		3,723,087	3,069,689
CURRENT ASSETS
Debtors: amounts	falling due within one
year		12	7,274		7,274	304,916
Debtors: amounts	falling due after more
than one year		12	100,000		100,000	100,000
Cash at bank			98,187	10,336	108,523	192,501
			205,461	10,336	215,797	597,417
CREDITORS
Amounts falling due within one year		13	(6,000)		(6,000)	(5,000)
NET CURRENT ASSETS			199,461	10,336	209,797	592,417
TOTAL ASSETS LESSCURRENT LIABILITIES			3,922,548	10,336	3,932,884	3,662,106
NET ASSETS			3,922,548	10,336	3,932,884	3,662,106
FUNDS		14
Unrestricted funds					3,922,548	3,604,711
Restricted funds					10,336	57,395
TOTAL FUNDS					3,932,884	3,662,106

					Period
					6.4.21
					to	Year Ended
					31.3.22	5.4.21
			Notes		f	f
Cash flows from operating		activities
Cash generated from operations					361,550	(64,713)
Net cash provided by/(used		in) operating		activities	361,550	(64,713)
Cash flows from investing		activities
Purchase offixed asset investments					(1,322,743)	(1,323,613)
Gain on fixed asset investments					292,197
Sale offixed asset investments					661,214	1,117,478
Movement in investment	cash				(81,216)	250,566
Interest received					5,020	5,447
Net cash (used in)/provided		by investing		activities	(445,528)	49,878
Change in cash and cash equivalents			in
the reporting period					(83,978)	(14,835)
Cash and cash equivalents		at the
beginning ofthe reporting		period			192,501	207,336
Cash and cash equivalents		at the end	of
the reporting period					108,523	192,501

				Period
				6.4.21
				to	Year Ended
				31.3.22	5.4.21
				f	f
Net income for the		reporting	period (as per the Statement of
Financial	Activities)			270,778	759,787
Adjustments for:
Losses/(gain) on investments				381,544	(396,419)
Profit on	disposal offixed assets			(292,197)
Interest	received			(5,020)	(5,447)
Profit on	disposal of investments			(292,197)	(123,765)
Decrease/(increase)		in debtors		297,642	(298,869)
Increase	in creditors			1,000
Net cash	provided	by/(used	in) operations	361,550	(64,713)

	At 6.4.21	Cash flow	At 31.3.22
	f	f	f
Net cash
Cash at bank	192,501	(83,978)	108,523
	192,501	(83,978)	108,523
Total	192,501	(83,978)	108,523

3.	DONATIONS	DONATIONS	AND LEGACIES
				Period
				6.4.21
				to	Year Ended
				31.3.22	5.4.21
				f	f
	Donations			805,071	734,527
4.	INVESTMENT		INCOME
				Period
				6.4.21
				to	Year Ended
				31.3.22	5.4.21
				f	f
	Dividend	income		308,236	262,969
	Deposit account interest			20	447
	Loan interest			5,000	5,000
				313,256	268,416
5.	CHARITABLE		ACTIVITIES COSTS
				2022	2021
				E	E
	Grants payable		(see note 6)	1,018,256	731,071
	Other			7,690	10,080
				1,025,946	741,151

		Period
		6.4.21
		to	Year Ended
		31.3.22	5.4.21
		f	f
Arts		129,418	94,655
Education		275,811	188,209
Medicine		227,131	172,884
Scholarships	and Grants	90,250	62,500
Archive Trust		200,000	170,000
Other Charities		2,200	773
Science		76,074	36,600
Economics		17,372	5,450
		1,018,256	731,071

				Governance
			Finance	costs	Totals
			f	f	f
Other	resources	expended	168	7,690	7,858

Finance
			Period
			6.4.21
			to	Year Ended
			31.3.22	5.4.21
			Other
			resources	Total
			expended	activities
			f	f
Bank charges			168	331
Governance	costs
			Period
			6.4.21
			to	Year Ended
			31.3.22	5.4.21
			Other
			resources	Total
			expended	activities
			f	f
Accountancy	fees		1,800	1,600
Audit Fees			4,990	4,880
Legal/Professional		Fees	900	3,600
			7,690	10,080

COMPARATIVES	COMPARATIVES	FOR THE STATEMENT OF FINANCIAL ACTIVITIES	FOR THE STATEMENT OF FINANCIAL ACTIVITIES
			Unrestricted	Restricted	Total
			funds	fund	funds
			E	f	E
INCOME AND	ENDOWMENTS		FROM
Donations and legacies			308,527	426,000	734,527
Investment income			268,416		268,416
Other income			123,765		123,765
Total			700,708	426,000	1,126,708
EXPENDITURE ON
Raising funds
Raising donations		and legacies	21,858		21,858
			21,858		21,858
Charitable activities
Arts				94,655	94,655
Education			180,509	7,700	188,209
Medicine			67,884	105,000	172,884
Scholarships	and	Grants	62,500		62,500
Archive Trust				170,000	170,000
Other Charities			773		773
Science			36,600		36,600
Economics			5,450		5,450
Other			10,411		10,411
Total			385,985	377,355	763,340

10.	COMPARATIVES	FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued	FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued	FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
				Unrestricted	Restricted	Total
				funds	funcl	funds
				f	f	f
	Net gains on investments			396,419		396,419
	NET INCOME			711,142	48,645	759,787
	RECONCILIATION	OF	FUNDS
	Total funds brought		forward	2,893,569	8,750	2,902,319
	TOTAL FUNDS CARRIED FORWARD			3,604,711	57,395	3,662,106
11.	FIXED ASSET INVESTMENTS
			Listed	Unlisted
			investments	investments	Cash	Totals
			f	f	f	f
	MARKET VALUE
	At 6th April 2021		2,672,077	312,177	85,435	3,069,689
	Additions		1,322,742			1,322,742
	Disposals		(661,213)			(661,213)
	Revaluations		(131,059)	41,712		(89,347)
	Movement in the	year			81,216	81,216
	At 31st March 2022		3,202,547	353,889	166,651	3,723,087
	NET BOOK VALUE
	At 31st March 2022		3,202,547	353,889	166,651	3,723,087
	At 5th April 2021		2,672,077	312,177	85,435	3,069,689

		Listed	Unlisted
		investments	investments	Cash	Totals
		f	f	f	f
Valuation	b/f	654,960	(588,638)		66,322
Valuation	2022	(131,059)	41,712		(89,347)
Cost		2,678,646	900,815	166,651	3,746,112
		3,202,547	353,889	166,651	3,723,087

			2022	2021
			f	f
Amounts	falling due within one year:
Other debtors			4,677	4,916
Prepayments		and accrued income	2,597	300,000
			7,274	304,916
Amounts	falling due after more than one year:
Other debtors			100,000	100,000
Aggregate	amounts		107,274	404,916

13.	CREDITORS:	AMOUNTS	AMOUNTS
					2022	2021
					f	f
	Accruals and	deferred	income		6,000	5,000
14.	MOVEMENT	IN FUNDS
					Net
					movement	At
				At 6.4.21	in funds	31.3.22
				f	f	f
	Unrestricted	funds
	General fund			3,604,711	317,837	3,922,548
	Restricted funds
	Restricted			57,395	(47,059)	10,336
	TOTAL FUNDS			3,662,106	270,778	3,932,884

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
		f	f	f	f
Unrestricted	funds
General fund		997,166	(589,906)	(89,423)	317,837
Restricted funds
Restricted		413,358	(460,417)		(47,059)
TOTAL FUNDS		1,410,524	(1,050,323)	(89,423)	270,778

			Net
			movement	At
		At 6.4.20	in funds	5.4.21
		f	f	f
Unrestricted	funds
General fund		2,893,569	711,142	3,604,711
Restricted funds
Restricted		8,750	48,645	57,395
TOTAL FUNDS		2,902,319	759,787	3,662,106

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
		f	f	f	f
Unrestricted	funds
General fund		700,708	(385,985)	396,419	711,142
Restricted funds
Restricted		426,000	(377,355)		48,645
TOTAL FUNDS		1,126,708	(763,340)	396,419	759,787

			Period
			6.4.21
			to	Year Ended
			31.3.22	5.4.21
			E	f
INCOME AND	ENDOWMENTS
Donations and	legacies
Donations			805,071	734,527
Investment income
Dividend income			308,236	262,969
Deposit account interest			20	447
Loan interest			5,000	5,000
			313,256	268,416
Other income
Gain/profit sale ofinvestment			292,197	123,765
Total incoming	resources		1,410,524	1,126,708
EXPENDITURE
Raising donations and legacies
Fundraising expenses			1,663	2,593
Investment management		fees	22,546	19,265
			24,209	21,858
Charitable activities
Grants to institutions			1,018,256	731,071
Support costs
Finance
Bank charges			168	331
Governance	costs
Accountancy	fees		1,800	1,600
Carried forward			1,800	1,600

				Period
				6.4.21
				to		Year Ended
				31.3.22		5.4.21
				E	E
Governance	costs
Brought forward				1,800		1,600
Audit Fees				4,990		4,880
Legal/Professional		Fees		900		3,600
				7,690		10,080
Total resources expended				1,050,323		763,340
Net income	before	gains and losses		360,201		363,368
Realised recognised		gains and losses
Unrealised gains/losses			on fixed asset
investments				(89,423)		396,419
Net income				270,778		759,787