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## **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_<br>_Funds_<br>£<br>Note<br>**Incoming resources**<br>_Incoming resources from_<br>_generated funds:_<br>Investment income<br>3<br>6,667<br>Donation<br>244,833<br>**Total incoming resources**<br>251,500<br>**Total resources**<br>**expended**<br>4<br>234,729<br>**Net incoming resources**<br>16,771<br>**ReconciliationofFunds**<br>Total funds brought<br>forward<br>**11**<br>6,861<br>**Total funds carried forward**<br>23,632|_Unrestricted_<br>_Funds_<br>£<br>Note<br>**Incoming resources**<br>_Incoming resources from_<br>_generated funds:_<br>Investment income<br>3<br>6,667<br>Donation<br>244,833<br>**Total incoming resources**<br>251,500<br>**Total resources**<br>**expended**<br>4<br>234,729<br>**Net incoming resources**<br>16,771<br>**ReconciliationofFunds**<br>Total funds brought<br>forward<br>**11**<br>6,861<br>**Total funds carried forward**<br>23,632|_Expendable_<br>_Endowment_<br>£|_Total Funds_<br>_31Mar 22_<br>£<br>6,667<br>244,833<br>251,500|_Total Funds_<br>_31Mar21_<br>£<br>3,456<br>48,044|
|---|---|---|---|---|
|||||51,500<br>96,409<br>(44,909)<br>3,508,233|
||234,729<br>16,771<br>6,861<br>23,632|3,456,463<br>3,456,463|234,729<br>16,771<br>3,463,324<br>3,480,095||
|||||3,463,324|





## 

|**FIXED ASSETS**<br>Investments<br>**TOTAL FIXED ASSETS**<br>**CURRENT ASSETS**<br>Debtors<br>Cash at bank and in hand<br>**TOTAL CURRENT ASSETS**<br>**LIABILITIES**<br>Creditors falling due within one year<br>**NET ASSETS**<br>**THE FUNDS OF THE CHARITY**<br>Unrestricted income funds<br>Expendable endowment<br>**TOT AL CHARITY FUNDS**<br>_Note_<br>7<br>8<br>9<br>11|_Total_<br>_Funds_<br>_31Mar 22_<br>£<br>3,456,463<br>3,456,463<br>23,547<br>85<br>23,632<br>3,480,095<br>23,632<br>3,456,463<br>3,480,095||_Total Funds_<br>_31Mar21_<br>£<br>3,456,463|
|---|---|---|---|
||||3,456,463<br>6,776<br>85|
|||||
||||6,861<br>3,463,324<br>6,861<br>3,456,463<br>3,463,324|
|||||







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|_2022_|_2021_|
|---|---|
|£|£|
|6,667|3,456|





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## 

|**TOTAL RESOURCES EXPENDED**||||
|---|---|---|---|
|Grant funded activity (note 5)<br>Professional fees<br>Administration fees<br>Bank charges<br>Total resources expended<br>_Charitable_<br>_Activities_<br>£<br>213,076<br>213,076|_Support_<br>_Cost_<br>£<br>1,500<br>20,153<br>21,653|_Total_<br>_2022_<br>£<br>213,076<br>1,500<br>20,153<br>234,729|_Total_<br>_2021_<br>£<br>87,011<br>1,500<br>7,865<br>33|
||||96,409|



## 

|Hertfordshire Charities<br>Total<br>_Total_<br>_2022_<br>£<br>213,076<br>213,076|_Total_<br>_2021_<br>£<br>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:<br>Commitments at 1 April<br>Commitments madeinthe year<br>Grants payable for the year<br>Grants paid during the year<br>Commitments at31March<br>**6.**<br>**AUDITOR'S REMUNERATION**<br>_2022_<br>£<br>213,076<br>213,076<br>(213,076)<br>The auditor's remuneration constituted an audit feeof£ 1,500 (2021: £1,500).<br>7.<br>**FIXED ASSET INVESTMENTS**<br>**Movementinfixed asset investments**<br>Cost broughtand carried forward<br>**Investments as market value comprised:**<br>Subordinated Unsecured Loan Stock 2050 (inROTrading Limited)<br>**Total**|_2021_<br>£<br>87,011|
|---|---|
||87,011<br>(87,011)|
|||
||_2022 _<br>£<br>3,456,463|
||3,456,463|
||3,456,463|





## 

|**DEBTORS**||
|---|---|
|Other debtors<br>**CREDITORS:**<br>Amounts falling due within one year<br>_Total_<br>_2022_<br>£<br>23,547<br>_Total_<br>_2022_<br>£|_Total_<br>_2021_<br>£<br>6,776|
||_Total_<br>_2021_<br>£|





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|Investments<br>Debtors and cash<br>Creditors<br>Investments<br>Debtors and cash<br>Creditors|_Expendable_<br>_Endowment_<br>_2021_<br>£<br>3,456,463<br>3,456,463<br>_Expendable_<br>_Endowment_<br>_2022_<br>£<br>3,456,463<br>3,456,463<br>_Unrestricted_<br>_2021_<br>£<br>6,861<br>6,861<br>_Unrestricted_<br>_2022_<br>£<br>23.632<br>23,632<br>_Total_<br>_2021_<br>£<br>3,456,463<br>6,861<br>3,463,324<br>_Total_<br>_2022_<br>£<br>3,456,463<br>23,632<br>3,480,095|
|---|---|



## 

|_AnalysisofFunds Movement_<br>Umestricted funds<br>Expendable endowment<br>**Total**<br>_AnalysisofFunds Movement_<br>Umestricted funds<br>Expendable endowment<br>**Total**|_Balance at_<br>_1Apr20_<br>£<br>51,770<br>3,456,463<br>3,508,233<br>_Balance at_<br>_1Apr21_<br>£<br>6,861<br>3,456,463<br>3,463,324|_Incoming_<br>_Resources_<br>£<br>51,500<br>51,500<br>_Incoming_<br>_Resources_<br>£<br>251,500<br>251,500|_Resources_<br>_Expended_<br>£<br>96,409<br>96,409<br>_Resources_<br>_Expended_<br>£<br>234,729<br>234,729|_Balance at_<br>_31Mar 21_<br>£<br>6,861<br>3,456,463<br>3,463,324<br>_Balance at_<br>_31Mar 22_<br>£<br>23,632<br>3,456,463<br>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||