Garfield Weston Foundation
2007 Annual Report and Accounts
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL
2007
| |
Unrestricted Funds |
|
Total |
Total |
| |
Income
Funds |
Expendable
Capital |
Endowment
Funds |
Funds
2007 |
Funds
2006 |
| |
|
|
|
|
|
| |
£’000 |
£’000 |
£’000 |
£’000 |
£’000 |
| Incoming resources |
|
|
|
|
|
| Incoming resources from generated funds |
|
|
|
|
|
| Investment income |
32,690 |
2,745 |
- |
35,435 |
32,410 |
| Other incoming resources |
488 |
- |
- |
488 |
- |
| |
|
|
|
|
|
| Total incoming resources |
33,178 |
2,745 |
- |
35,923 |
32,410 |
| |
|
|
|
|
|
| Resources expended |
|
|
|
|
|
| Costs of generating funds |
|
|
|
|
|
| Investment management costs |
- |
210 |
- |
210 |
339 |
| Charitable activities |
|
|
|
|
|
Grant making activities
|
39,707 |
- |
- |
39,707 |
38,000 |
Governance costs
|
135 |
- |
- |
135 |
127 |
| |
|
|
|
|
|
Total resources expended |
39,842 |
210 |
- |
40,052 |
38,466 |
| |
|
|
|
|
|
Net (outgoing)/incoming
resources before transfers |
(6,664) |
2,535 |
- |
(4,129) |
(6,056) |
| Gross transfers between funds |
2,400 |
(2,400) |
- |
- |
- |
| |
|
|
|
|
|
| Net outgoing/incoming resources before other recognised gains and losses |
(4,264) |
135 |
- |
(4,129) |
(6,056) |
| Other recognised gains and losses |
|
|
|
|
|
Gains on revaluation and disposal
of investment assets |
- |
4,620 |
176,423 |
181,043 |
320,589 |
| |
|
|
|
|
|
Net movement in funds |
(4,264) |
4,755 |
176,423 |
176,914 |
314,533 |
| Reconciliation of funds |
|
|
|
|
|
| Total funds brought forward |
21,674 |
90,330 |
3,399,385 |
3,511,389 |
3,196,856 |
| |
|
|
|
|
|
| Total funds carried forward |
17,410 |
95,085 |
3,575,808 |
3,688,303 |
3,511,389 |
| |
|
|
|
|
|
All recognised gains and losses have been included in the Statement of Financial Activities and the amounts included are derived entirely from the continuing activities of the Foundation. |
