These summarised accounts are extracted from the Annual Accounts which were approved by the Trustee on 13 June 2019 and which have been submitted to the Charity Commissioners.
Financial Activities
These figures may not contain sufficient information to allow for a full understanding of the financial affairs of the Charity and the accounting policies adopted in their preparation. The full accounts comply with the Statement of Recommended Practice, Accounting and Reporting by Charities. For further information the full annual accounts, the Auditors’ Report on those accounts and the Trustee’s annual report should be consulted; copies can be obtained by contacting the Charity at 45a Cadogan Gardens, London, SW3 2TB.
- Financial Summary 2018/19
Statement of Financial activities
Year ended 31 March 2019
Restricted
Fund
£'000Unrestricted
Fund
£'000Endowment
Fund
£'000Total Funds
2018/19
£'000Total Funds
2017/18
£'000Income and endowment from: Charitable activities 300 - - 300 305 Property investments - - 6,687 6,687 6,275 Investments - - 2,139 2,139 1,940 Total income and endowment 300 - 8,826 9,126 8,520 Expenditure on: Raising funds - - 2,231 2,231 1,842 Charitable activities 300 13,028 - 13,328 11,010 Total expenditure 300 13,028 2,231 15,559 12,852 Net gains on property investments - - (703) (703) 13,495 Net gains and (losses) on investments - - 2,539 2,539 (5,238) Net income/(expenditure) - (13,028) 8,431 (4,597) 3,925 Transfers between funds - 11,456 (11,456) - - Net Movement in Funds - (1,572) (3,025) (4,597) 3,925 Reconciliation of funds:
Total funds brought forward- 1,572 367,686 369,258 365,333 Balance at end of year - - 364,661 364,661 369,258 There are no recognised gains or losses except as shown above and all income is derived from continuing activities.
- Balance Sheet 2018/19
Balance sheet
At 31 March 2018
2019
£'0002018
£'000Fixed Assets Tangible Assets 136 209 Investment properties 216,762 207,174 Investments 160,024 153,240 376,922 360,623 Debtors: due within more than one year 2,066 Current Assets Debtors 682 5,235 Cash at bank 2,732 4,131 3,414 9,366 Creditors: due within one year (17,741) (3,272) Net current Assets (14,327) 6,094 364,661 369,258 Represented by: Endowment fund 364,661 367,686 Unrestricted fund - 1,572 Restricted fund - - 364,661 369,258 - Grants from £40,000 2019/20
Grant payments 2019/20:
£ Acton Park Playcentre Leisure Events 40,000 ARK Brunel Primary Academy 40,000 Belmont School 40,000 Brent Centre for Young People 40,000 Brunswick Club Trust 40,000 Bush Theatre 40,000 Carnival Village Trust 40,000 DreamArts 40,000 Fitzrovia Youth in Action 40,000 Harrow Club W10 40,000 Helena Kennedy Foundation 40,000 Horn Stars 40,000 Kiln Theatre 40,000 London Tigers 40,000 London Wildlife Trust 40,000 Orchestra of the Age of Enlightenment 40,000 Phoenix Rising 40,000 Respond 40,000 Strength in Horses 40,000 Sulgrave Club Limited 40,000 The RISE Collective 40,000 West Lodge Primary School 40,000 Westway Trust 40,000 Allenby Primary School 40,500 Kensington Aldridge Academy 42,000 St Marks Primary School 44,500 Art Against Knives 45,000 North Paddington Youth Club 45,000 Securing Success 45,000 Youth Engagement Solutions 45,000 Pavilion Study Centre 46,000 Mayfield Primary School 49,500 Brent Play Association 50,000 Greenford High School 50,000 Primrose Hill Primary School 50,000 Redthread 50,000 Royal Philharmonic Orchestra Ltd 50,000 Salusbury World 50,000 Selborne Primary School 50,000 The Manor School (BSAT - Brent Specialist Academy Trust) 50,000 Westminster Special Schools 50,000 Young Brent Foundation 50,000 The Media Trust (Communications Capacity Building) 57,800 The Media Trust (Volunteer Films Initiative) 59,000 The Primary Shakespeare Company 60,000 Perivale Primary School 83,000 Royal Albert Hall Trust 100,000 Young Ealing Foundation 100,000 Young Hammersmith & Fulham Foundation 100,000 Young Westminster Foundation 100,000 Young Camden Foundation 150,000 YPF Trust 150,000 Total grants from £40,000 (excludes bursaries listed on the panel below) 2,782,300 Total grants under £40,000 (excludes bursaries listed on the panel below) 6,069,848 Total bursaries (panel below) 1,858,200 Overall total 10,710,348 - Bursaries 2019/20
Bursary payments in 2019/20
£ Girls Day School Trust 41,452 Godolphin & Latymer School 45,050 St James Senior Girls' School 76,200 Christ's Hospital School 170,964 North London Collegiate School 186,310 The John Lyon School 744,378 Harrow School 593,845 Bursary Total 1,858,200 - Borough Allocations
Paid in 2018/19
£ % Barnet 1,416,610 12 Brent 1,767,903 14 Camden 1,106,604 9 City of London 0 0 City of Westminster 995,416 8 Ealing 1,334,183 11 Hammersmith & Fulham 975,695 8 Harrow 1,323,362 11 Kensington & Chelsea 702,112 6 Discretionary 1,330,310 11 Discretionary - Bursary 1,302,875 11 TOTAL 12,225,068 100 - Allocation by Programme Area
Paid in 2018/19
£ % Arts & Science 1,545,015 13 Bursaries 1,317,731 11 Children & Families 753,000 6 Education & Learning 2,057,600 17 Emotional Wellbeing 944,900 8 Other 20,000 0 SHAF 315,522 3 Special Needs & Disabilities 477,700 4 Sport 577,400 5 Training 431,800 4 Youth Clubs & Youth Activities 1,319,500 11 Youth Issues 2,194,900 2 TOTAL 12,255,068 100 - Types of Support
Paid in 2018/19
£ % Apprenticeships 69,500 1 Bursaries 1,405,581 11 Direct project costs 5,137,065 42 School Explorer Fund 5,000 0 School Holiday Activity Fund 331,922 3 Salary costs 2,159,000 18 Unrestricted 3,147,000 26 TOTAL 12,255,068 100