| Page | ||
|---|---|---|
| Trustees' report |
1-2 | |
| Independent auditor's |
report | 3-5 |
| Statement offinancial |
activities | |
| Balance sheet | ||
| Statement ofcash flows |
||
| Notes to the financial | statements | 9-13 |
| Unrestricted | Unrestricted | ||||
|---|---|---|---|---|---|
| funds | funds | ||||
| 2021 | 2020 | ||||
| Notes | E | E | |||
| Income from: | |||||
| Donations | 3 | 1,743,826 | 601,000 | ||
| Investments | 4 | 50,689 | 178,886 | ||
| Total income | 1,794,515 | 779,886 | |||
| Ex enditure on: | |||||
| Charitable activities |
|||||
| Donations | 5 | 1,886,849 | 1,250,035 | ||
| Governance costs |
5 | 3,951 | 889 | ||
| Total charitable | expenditure | 1,890,800 | 1,250,924 | ||
| Net gains/(losses) | on investments | (441,079) | (188,662) | ||
| Net movement | in | funds | (537,364) | (659,700) | |
| Fund balances | at 1 April 2020 | 2,780,002 | 3,439,702 | ||
| Fund balances | at | 31 March 2021 | 2,242,638 | 2,780,002 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Notes | f | |||||
| Fixed assets | ||||||
| Investments | 1,918,263 | 2,361,092 | ||||
| Current assets | ||||||
| Debtors | 10 | 150,000 | 158,119 | |||
| Cash at bank and in | hand | 175,155 | 261,571 | |||
| 325,155 | 419,690 | |||||
| Creditors: amounts | falling due within | |||||
| one year | (780) | (780) | ||||
| Net current assets | 324,375 | 418,910 | ||||
| Total assets less current liabilities | 2,242,638 | 2,780,002 | ||||
| Income funds | ||||||
| Unrestricted funds |
2,242,638 | 2,780,002 | ||||
| 2,242,638 | 2,780,002 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Notes | E | f | ||||
| Cash flows from operating | activities | |||||
| Cash absorbed by operations |
13 | (138,855) | (634,306) | |||
| Investing | activities | |||||
| Purchase | of investments | (1,748,250) | (1,549,754) | |||
| Proceeds | on disposal of investments | 1,750,000 | 1,000,000 | |||
| Investment | income received | 50,689 | 178,886 | |||
| Net cash | generated from/(used in) |
|||||
| investing | activities | 52,439 | (370,868) | |||
| Net cash | used in financing | activities | ||||
| Net decrease in cash and | cash equivalents | (86,416) | (1,005,174) | |||
| Cash and | cash equivalents | at beginning | ofyear | 261,571 | 1,266,745 | |
| Cash and | cash equivalents | at.end of | year | 175,155 | 261,571 |
| Unrestricted | Unrestricted | |||
|---|---|---|---|---|
| funds | funds | |||
| 2021 | 2020 | |||
| F | ||||
| Income | from unlisted | investments | 44,384 | 169,276 |
| Interest | receivable | 6,305 | 9,610 | |
| 50,689 | 178,886 |
| Charitable | activities | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Donations | Governance | Total | Donations | Governance | Total | ||||
| costs | 2021 | costs | 2020 | ||||||
| 2021 | 2021 | 2020 | |||||||
| E | F | F | |||||||
| Donations | —UK | 679,371 | 679,371 | 1,159,764 | 1,159,764 | ||||
| Donations | - Non UK | 1,207,478 | 1,207,478 | 90,271 | 90,271 | ||||
| 1,886,849 | 1,886,849 | 1,250,035 | 1,250,035 | ||||||
| Share ofgovernance (see note 6) |
costs | 3,951 | 3,951 | 889 | 889 | ||||
| 1,886,849 | 3,951 | 1,890,800 | 1,250,035 | 889 | 1,250,924 | ||||
| Support costs | |||||||||
| Support | Governance | 2021 | Support | Governance | 2020 | ||||
| costs | costs | costs | costs | ||||||
| F | F | F | F | F | |||||
| Audit fees | 780 | 780 | 780 | 780 | |||||
| Legal and | professional | 5,400 | 5,400 | ||||||
| Bank charges | (2,229) | (2,229) | 109 | 109 | |||||
| 3,951 | 3,951 | 889 | 889 | ||||||
| Analysed | between | ||||||||
| Charitable | activities | 3,951 | 3,951 | 889 | 889 |
| 8 | Net gains/(losses) | Net gains/(losses) | on investments | ||
|---|---|---|---|---|---|
| Unrestricted | Unrestricted | ||||
| funds | funds | ||||
| 2021 | 2020 | ||||
| Revaluation | ofinvestments | (441,079) | (188,662) | ||
| 9 | Fixed asset | investments |
| Fixed as | set investments | |
|---|---|---|
| Unlisted | ||
| investments | ||
| Cost or valuation | ||
| At 1 April | 2020 | 2,361,092 |
| Additions | 1,748,250 | |
| Valuation | changes | (441,079) |
| Disposals | (1,750,000) | |
| At 31 March 2021 | 1,918,263 | |
| Carrying | amount | |
| At 31 March 2021 | 1,918,263 | |
| At 31 March 2020 | 2,361,092 |
| 10 | Debtors | ||||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Amounts | falling due within one year: | E | |||
| Other debtors | 150,000 | 150,000 | |||
| Prepayments | and accrued income | 8,119 | |||
| 150,000 | 158,119 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| E | |||||
| Accruals | and | deferred | income | 780 | 780 |
| Cash generated from operations |
Cash generated from operations |
2021 | 2020 | ||
|---|---|---|---|---|---|
| Deficit for the year | (537,364) | (659,700) | |||
| Adjustments for: |
|||||
| Investment income recognised |
in statement | offinancial | activities | (50,689) | (178,886) |
| Fair value gains and losses on | investments | 441,079 | 188,662 | ||
| Movements in working capital: |
|||||
| Decrease in debtors |
8,119 | 15,618 | |||
| Cash absorbed by operations |
(138,855) | (634,306) |