Independent Auditor's Report to the trustees of Graham Rowlandson Foundation
The purpose of our audit work and to whom we owe our responsibilities
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members as a body, for our audit work, for this report, or for the opinions we have formed.
Mark Smith (Senior Statutory Auditor) For and on behalf of KPMG LLP, Statutory Auditor 58 Clarendon Road Watford WD171DE
Date: 17 January 2023
9
| Unrestricted Funds £ Note Incoming resources Incoming resources from generated funds: Investment income 3 6,667 Donation 244,833 Total incoming resources 251,500 Total resources expended 4 234,729 Net incoming resources 16,771 ReconciliationofFunds Total funds brought forward 11 6,861 Total funds carried forward 23,632 |
Unrestricted Funds £ Note Incoming resources Incoming resources from generated funds: Investment income 3 6,667 Donation 244,833 Total incoming resources 251,500 Total resources expended 4 234,729 Net incoming resources 16,771 ReconciliationofFunds Total funds brought forward 11 6,861 Total funds carried forward 23,632 |
Expendable Endowment £ |
Total Funds 31Mar 22 £ 6,667 244,833 251,500 |
Total Funds 31Mar21 £ 3,456 48,044 |
|---|---|---|---|---|
| 51,500 96,409 (44,909) 3,508,233 |
||||
| 234,729 16,771 6,861 23,632 |
3,456,463 3,456,463 |
234,729 16,771 3,463,324 3,480,095 |
||
| 3,463,324 |
| FIXED ASSETS Investments TOTAL FIXED ASSETS CURRENT ASSETS Debtors Cash at bank and in hand TOTAL CURRENT ASSETS LIABILITIES Creditors falling due within one year NET ASSETS THE FUNDS OF THE CHARITY Unrestricted income funds Expendable endowment TOT AL CHARITY FUNDS Note 7 8 9 11 |
Total Funds 31Mar 22 £ 3,456,463 3,456,463 23,547 85 23,632 3,480,095 23,632 3,456,463 3,480,095 |
Total Funds 31Mar21 £ 3,456,463 |
|
|---|---|---|---|
| 3,456,463 6,776 85 |
|||
| 6,861 3,463,324 6,861 3,456,463 3,463,324 |
|||
| 2022 | 2021 |
|---|---|
| £ | £ |
| 6,667 | 3,456 |
| TOTAL RESOURCES EXPENDED | |||
|---|---|---|---|
| Grant funded activity (note 5) Professional fees Administration fees Bank charges Total resources expended Charitable Activities £ 213,076 213,076 |
Support Cost £ 1,500 20,153 21,653 |
Total 2022 £ 213,076 1,500 20,153 234,729 |
Total 2021 £ 87,011 1,500 7,865 33 |
| 96,409 |
| Hertfordshire Charities Total Total 2022 £ 213,076 213,076 |
Total 2021 £ 87,011 |
|---|---|
| 87,011 |
| Commitments | 2022 | |
|---|---|---|
| madeinthe year | Total | |
| £ | £ | |
| HCF Marketing | 6,550 | |
| CAB's | 41,367 | |
| The Blue Tangerine Federation | 26,703 | |
| Irish Network Stevenage | 10,785 | |
| North Herts Minority Ethnic Forum | 14,478 | |
| West Herts ABC&Educational Support | 32,199 | |
| Youth Talk | 9,816 | |
| CHIPS Volunteer Co-Ordinator | 611 | |
| Jackie's DropInCentre | 10,000 | |
| Teens Unite Fighting Cancer | 5,829 | |
| HCF Afghan Appeal | 5,000 | |
| Herts Disability Sports Foundation | 13,600 | |
| Electric Umbrella | 36,138 |
| Reconciliationofgrants payable: Commitments at 1 April Commitments madeinthe year Grants payable for the year Grants paid during the year Commitments at31March 6. AUDITOR'S REMUNERATION 2022 £ 213,076 213,076 (213,076) The auditor's remuneration constituted an audit feeof£ 1,500 (2021: £1,500). 7. FIXED ASSET INVESTMENTS Movementinfixed asset investments Cost broughtand carried forward Investments as market value comprised: Subordinated Unsecured Loan Stock 2050 (inROTrading Limited) Total |
2021 £ 87,011 |
|---|---|
| 87,011 (87,011) |
|
| 2022 £ 3,456,463 |
|
| 3,456,463 | |
| 3,456,463 |
| DEBTORS | |
|---|---|
| Other debtors CREDITORS: Amounts falling due within one year Total 2022 £ 23,547 Total 2022 £ |
Total 2021 £ 6,776 |
| Total 2021 £ |
| Investments Debtors and cash Creditors Investments Debtors and cash Creditors |
Expendable Endowment 2021 £ 3,456,463 3,456,463 Expendable Endowment 2022 £ 3,456,463 3,456,463 Unrestricted 2021 £ 6,861 6,861 Unrestricted 2022 £ 23.632 23,632 Total 2021 £ 3,456,463 6,861 3,463,324 Total 2022 £ 3,456,463 23,632 3,480,095 |
|---|---|
| AnalysisofFunds Movement Umestricted funds Expendable endowment Total AnalysisofFunds Movement Umestricted funds Expendable endowment Total |
Balance at 1Apr20 £ 51,770 3,456,463 3,508,233 Balance at 1Apr21 £ 6,861 3,456,463 3,463,324 |
Incoming Resources £ 51,500 51,500 Incoming Resources £ 251,500 251,500 |
Resources Expended £ 96,409 96,409 Resources Expended £ 234,729 234,729 |
Balance at 31Mar 21 £ 6,861 3,456,463 3,463,324 Balance at 31Mar 22 £ 23,632 3,456,463 3,480,095 |
|---|---|---|---|---|
| 2022 | Balance | ||
|---|---|---|---|
| Value | Outstanding | ||
| £ | £ | ||
| RO Trading Limited | Interest on loan stock | 4,934 | 23,547 |
| RO Trading Limited | Donations | 120,066 | |
| Rowlandson Investments Limited | Interest on loan stock | 1,733 | |
| Rowlandson Investments Limited | Donations | 123,267 | |
| 2021 | Balance | ||
| Value | Outstanding | ||
| £ | £ | ||
| Rowlandson Investments Limited | Interest on loan stock | 3,456 | 6,776 |
| Rowlandson Investments Limited | Donations | 46,544 |