**REGISTERED CHARITY NUMBER: 1002755**
## **REPORT OF THE TRUSTEES AND**
## **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022**
## **FOR**
## **THE SCURRAH WAINWRIGHT CHARITY**
Bairstow and Atkinson Chartered Accountants Carlton House Bull Close Lane Halifax West Yorkshire HX1 2EG
**THE SCURRAH WAINWRIGHT CHARITY**
## **CONTENTS OF THE FINANCIAL STATEMENTS**
## **for the Year Ended 5 April 2022**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|2|
|**Independent Examiner's Report**||3||
|**Statement of Financial Activities**||4||
|**Balance Sheet**||5||
|**Notes to the Financial Statements**|6|to|12|
|**Detailed Statement of Financial Activities**||13||
**THE SCURRAH WAINWRIGHT CHARITY**
## **REPORT OF THE TRUSTEES for the Year Ended 5 April 2022**
The trustees present their report with the financial statements of the charity for the year ended 5 April 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The trustees hold the capital and income upon trust to apply the income and all or part of the capital for charitable purposes and to make donations to charitable institutions at such times and in such a manner as the trustees may in their absolute discretion think fit.
The aim of the charity is to support a wide range of charitable projects, with an emphasis on social reform both in Britain and abroad.
## **Significant activities**
The charity's main activity is investment in order to support the payment of grants.
## **Public benefit**
All approved grants are considered by the trustees to be for public benefit. In providing this support, the trustees have had due regard to the guidance published by the Charity Commission on public benefit.
## **Grantmaking**
The charity invites applications for funding through directories of grant-making trusts and through its website www.wainwrighttrusts.org.uk. Applicants are invited to submit background information about themselves, the project they intend to pursue and details of its practical implementation, together with budgets and other sources of finance. The charity gives strong consideration to applications from the Yorkshire region as well as to those from Southern Africa, particularly Zimbabwe. The trustees require feedback on the actual use of grants awarded and the achievements made in order to monitor and assess the quality of grants made.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
During the year the charity has been able to provide grants to support thirty seven organisations with diverse aims and for the benefit of countless individuals.
## **Fundraising activities**
The charity does not actively raise funds.
## **Investment performance**
The charity relies on its investment managers, Close Brothers Asset Management, to manage investment income to support the charity's grant-making activity.
## **FINANCIAL REVIEW**
## **Reserves policy**
All income is distributed every year with none being held in reserve; the reserves held by the charity are purely of a capital nature. This capital reserve is held in order to generate future investment income to enable grants to be made in future years.
## **Funds in deficit**
An element of capital may be distributed each year which may result in the revenue reserve falling into deficit.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
The charity takes its name from Henry Scurrah Wainwright OBE who was a chartered accountant and social reformer. He was instrumental in founding and growing the Leeds medical company Chas F Thackray Ltd. The charity was originally endowed through funds from the sale of that company in 1990.
## **Recruitment and appointment of new trustees**
Appointments are based on the unanimous agreement of all trustees. New trustees may be appointed at any time but so that the total number of trustees shall at no time exceed eight.
## **Organisational structure**
The trustees meet three times a year to assess grant applications for approval or refusal.
Page 1
**THE SCURRAH WAINWRIGHT CHARITY**
## **REPORT OF THE TRUSTEES for the Year Ended 5 April 2022**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Induction and training of new trustees**
MS Wainwright is responsible for the induction of any new trustee. Such induction would include awareness of a trustee's responsibilities, the governing document, administrative procedures and the history and philosophical approach of the charity. A new trustee would also receive copies of the previous year's annual report and accounts and a copy of the Charity Commission document "The Essential Trustee: what you need to know, what you need to do".
## **Related parties**
The Andrew Wainwright Reform Trust Limited is a related party under common control.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1002755
**Principal address** The Barn Thrupp Kidlington Oxford OX5 1JY
**Trustees** M S Wainwright H P I Scott H A Wainwright P Wainwright T M Wainwright
## **Independent Examiner**
Bairstow and Atkinson Chartered Accountants Carlton House Bull Close Lane Halifax West Yorkshire HX1 2EG
## **Advisers**
Close Brothers Asset Management 10 Exchange Square Primrose Street London EC2A 2BY
Approved by order of the board of trustees on 18 November 2022 and signed on its behalf by:
M S Wainwright - Trustee
Page 2
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE SCURRAH WAINWRIGHT CHARITY**
## **Independent examiner's report to the trustees of The Scurrah Wainwright Charity**
I report to the charity trustees on my examination of the accounts of The Scurrah Wainwright Charity (the Trust) for the year ended 5 April 2022.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
P Dyson FCA Institute of Chartered Accountants in England and Wales Bairstow and Atkinson Chartered Accountants
Carlton House Bull Close Lane Halifax West Yorkshire HX1 2EG
18 November 2022
Page 3
## **THE SCURRAH WAINWRIGHT CHARITY**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **for the Year Ended 5 April 2022**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Investment income
2
**Total**
**EXPENDITURE ON**
Raising funds
3
**Charitable activities**
Grants to charitable projects with emphasis on
social reform
Other
**Total**
Net gains on investments
**NET INCOME**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|**5.4.22**
**Unrestricted**
**fund**
**£**
**2,600**
**73,111**
**75,711**
**23,654**
**162,085**
**9,260**
**194,999**
**199,582**
**80,294**
**2,887,963**
**2,968,257**|5.4.21
Total
funds
£
2,400
68,293|
|---|---|---|
|||70,693|
|||21,732
189,623
9,955|
|||221,310|
|||590,017|
|||439,400
2,448,563|
|||2,887,963|
The notes form part of these financial statements
Page 4
## **THE SCURRAH WAINWRIGHT CHARITY**
## **BALANCE SHEET**
## **5 April 2022**
|Notes
**FIXED ASSETS**
Investments
7
**CURRENT ASSETS**
Debtors
8
Cash at bank
**CREDITORS**
Amounts falling due within one year
9
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS**
11
Unrestricted funds
**TOTAL FUNDS**|**5.4.22**
**Unrestricted**
**fund**
**£**
**2,769,096**
**3,046**
**245,280**
**248,326**
**(49,165)**
**199,161**
**2,968,257**
**2,968,257**
**2,968,257**
**2,968,257**|5.4.21
Total
funds
£
2,714,627
4,855
203,876
208,731
(35,395)
173,336
2,887,963
2,887,963
2,887,963
2,887,963|
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 18 November 2022 and were signed on its behalf by:
M S Wainwright - Trustee
The notes form part of these financial statements
Page 5
**THE SCURRAH WAINWRIGHT CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 5 April 2022**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **2. INVESTMENT INCOME**
|**INVESTMENT INCOME**|||
|---|---|---|
|Franked investment income
Unfranked investment income
Deposit account interest
Interest on investments|**5.4.22**
**£**
**49,165**
**7,243**
**2**
**16,701**
**73,111**|5.4.21
£
30,637
9,751
13
27,892|
|||68,293|
Page 6
continued...
**THE SCURRAH WAINWRIGHT CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 5 April 2022**
## **3. RAISING FUNDS**
## **Investment management costs**
## **4.**
|**Investment management costs**||||
|---|---|---|---|
|Portfolio management
**GRANTS PAYABLE**
Grants to charitable projects with emphasis on social reform
The total grants paid to institutions during the year was as follows:
UK national projects
North of England
Zimbabwe & South Africa|**5.4.22**
**£**
**23,654**
**5.4.22**
**£**
**162,085**
**5.4.22**
**£**
**5,000**
**142,855**
**14,230**
**162,085**|5.4.21
£
21,732
5.4.21
£
189,623|5.4.21
£
21,732|
|||5.4.21
£
35,000
135,023
19,600||
|||189,623||
continued...
Page 7
## **THE SCURRAH WAINWRIGHT CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 5 April 2022**
## **4. GRANTS PAYABLE - continued**
|||North of|United|Zimbabwe &|
|---|---|---|---|---|
|||England|Kingdom|South Africa|
|Access 4 Law CIC||3,700|||
|Advocacy Alliance||4,800|||
|Assembly House||2,700|||
|Bags of Taste||5,000|||
|Bringing Us Together||9,550|||
|Centre for Health and Pastoral Care||5,000|||
|Complete Woman||3,600|||
|Democracy Club|||5,000||
|Doulas Without|Borders|5,000|||
|Free Tech Project||2,110|||
|HK Media and Training||5,000|||
|Home Start - Craven||3,570|||
|Hope for African Communities||||5,000|
|Hope for Kids||||4,230|
|Hull YFC (Youth, Faith and Community)||5,000|||
|Humber Job Hub||3,360|||
|Inside Justice||3,000|||
|Institute for Commoning - InCommons||4,950|||
|Labour Behind the Label||5,000|||
|Mum's United||4,510|||
|Oasis Community Church, Centre and Gardens||5,000|||
|Parkwood Methodist Church||3,000|||
|Participate Projects||4,139|||
|Peertalk Charitable Foundation||4,970|||
|Rivelin Co Creative Ltd||5,000|||
|Safety First Community Training Centre Ltd||5,000|||
|Sir George Martin Trust||50|||
|South Yorkshire Refugee Law and Justice||7,000|||
|Special Needs and Parent Support CIC - SNAPS||4,846|||
|St Anthony's Project for Homeless Addicts||5,000|||
|Survivors of Torture Activity Fund||2,000|||
|Thackray Museum of Medicine||5,000|||
|The Old Fire Station||1,000|||
|Visits Unlimited||5,000|||
|Wellspring Therapy and Training||5,000|||
|YMCA York and East Riding||5,000|||
|Zimconserve||||5,000|
|TOTAL||142,855|5000|14,230|
continued...
Page 8
**THE SCURRAH WAINWRIGHT CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 5 April 2022**
## **5. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 5 April 2022 nor for the year ended 5 April 2021.
## **Trustees' expenses**
Travel & meeting expenses claimed amounted to £Nil (2021: £76).
## **6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Investment income
**Total**
**EXPENDITURE ON**
Raising funds
**Charitable activities**
Grants to charitable projects with emphasis on
social reform
Other
**Total**
Net gains on investments
**NET INCOME**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**7.**
**FIXED ASSET INVESTMENTS**
**MARKET VALUE**
At 6 April 2021
Additions
Disposals
Revaluations
At 5 April 2022
**NET BOOK VALUE**
At 5 April 2022
At 5 April 2021||Unrestricted
fund
£
2,400
68,293|
|---|---|---|
|||70,693|
|||21,732
189,623
9,955|
|||221,310|
|||590,017|
|||439,400
2,448,563|
|||2,887,963|
|||Listed
investments
£
**2,714,627**
**472,882**
**(562,211)**
**143,798**
**2,769,096**
**2,769,096**
2,714,627|
||||
||||
||||
continued...
Page 9
**THE SCURRAH WAINWRIGHT CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 5 April 2022**
## **7. FIXED ASSET INVESTMENTS - continued**
|Analysis of investments between UK and other:|Analysis of investments between UK and other:||**2022**|2021|
|---|---|---|---|---|
|UK investments|||**1,746,108**|1,723,770|
|Foreign investments|||**1,022,988**|990,857|
|Total investments|||**2,769,096**|2,714,627|
|Material investments held at the year end|2022|2022|2021|2021|
||Cost|Value|Cost|Value|
|Apple Inc Com|35,547|240,022|35,547|163,133|
|Bankers Investment Trust|65,064|107,600|65,064|111,000|
|Leeds Group Plc|654,897|62,806|654,897|91,663|
|Visa Inc Com|58,806|68,940|58,806|126,171|
Cost or valuation at 5 April 2022 is represented by:
|Valuation in 2015
Valuation in 2016
Valuation in 2017
Valuation in 2018
Valuation in 2019
Valuation in 2020
Valuation in 2021
Valuation in 2022
Cost|**Listed**
**investments**
**£**
**(298,566)**
**(182,485)**
**236,428**
**(11,471)**
**67,412**
**(567,817)**
**599,588**
**143,798**
**2,782,209**
**2,769,096**|
|---|---|
## **8.**
## **DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||
|---|---|---|
||**5.4.22**|5.4.21|
||**£**|£|
|The Andrew Wainwright Reform Trust Limited|**122**|53|
|Tax|**1,245**|910|
|Prepayments and accrued income|**1,679**|3,892|
||**3,046**|4,855|
continued...
Page 10
## **THE SCURRAH WAINWRIGHT CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 5 April 2022**
## **9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Bank loans and overdrafts (see note 10)
Accrued expenses
**10.**
**LOANS**
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank overdrafts
**11.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
**75,711**
**TOTAL FUNDS**
**75,711**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 6.4.21
£
**2,887,963**
**2,887,963**
Resources
expended
£
**(194,999)**
**(194,999)**
At 6.4.20
£
2,448,563
2,448,563||**5.4.22**
**£**
**39,570**
**9,595**
**49,165**
**5.4.22**
**£**
**39,570**
Net
movement
in funds
£
**80,294**
**80,294**
Gains and
losses
£
**199,582**
**199,582**
Net
movement
in funds
£
439,400
439,400|5.4.21
£
23,950
11,445
35,395
5.4.21
£
23,950
At
5.4.22
£
**2,968,257**
**2,968,257**
Movement
in funds
£
**80,294**
**80,294**
At
5.4.21
£
2,887,963
2,887,963|
|---|---|---|---|---|
||||||
||||||
||||||
continued...
Page 11
## **THE SCURRAH WAINWRIGHT CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 5 April 2022**
## **11. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
70,693
70,693|Resources
expended
£
(221,310)
(221,310)|Gains and
Movement
losses
in funds
£
£
590,017
439,400
590,017
439,400|
|---|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 6.4.20
£
2,448,563
2,448,563|Net
movement
in funds
£
519,694
519,694|At
5.4.22
£
2,968,257
2,968,257|
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|
||resources|expended|losses|in funds|
||£|£|£|£|
|**Unrestricted funds**|||||
|General fund|146,404|(416,309)|789,599|519,694|
|**TOTAL FUNDS**|146,404|(416,309)|789,599|519,694|
## **12. RELATED PARTY DISCLOSURES**
There were no related party transactions in the reporting period that require disclosure.
## **13. ULTIMATE CONTROLLING PARTY**
The charity is controlled jointly by its trustees.
## **14. GAINS AND LOSSES ON INVESTMENT ASSETS**
There are total gains of £199,582 shown on the face of the Statement of Financial Activities. An analysis of these gains/(losses) is shown below.
|An analysis of these gains/(losses) is shown below.||||
|---|---|---|---|
||Realised|Unrealised|Total|
|Fixed asset investments|55,784|143,798|199,582|
|Investment property|-|-|--|
|Total|55,784|143,798|199,582|
Page 12
## **THE SCURRAH WAINWRIGHT CHARITY**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 5 April 2022**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**Investment income**
Franked investment income
Unfranked investment income
Deposit account interest
Interest on investments
**Total incoming resources**
**EXPENDITURE**
**Investment management costs**
Portfolio management
**Charitable activities**
Grants to institutions
**Support costs**
**Management**
Postage and stationery
Sundries
Secretarial support
**Finance**
Bank charges
**Governance costs**
Accountancy and legal fees
Total resources expended
**Net expenditure before gains and losses**
**Realised recognised gains and losses**
Realised gains/(losses) on fixed asset
investments
**Net expenditure**|5.4.22
£
**2,600**
**49,165**
**7,243**
**2**
**16,701**
**73,111**
**75,711**
**23,654**
**162,085**
**137**
**145**
**5,097**
**5,379**
**161**
**3,720**
**194,999**
**(119,288)**
**55,784**
**(63,504)**|5.4.21
£
2,400
30,637
9,751
13
27,892
68,293
70,693
21,732
189,623
194
166
4,896
5,256
79
4,620
221,310
(150,617)
(9,571)
(160,188)|
|---|---|---|
This page does not form part of the statutory financial statements
Page 13