| ONTENTS | |
|---|---|
| Page | |
| Charity Administration Details | I |
| Reportofthe Trustees | 2-5 |
| IndependentAuditors'Report | 6-8 |
| Statement of FinancialActivities | 9 |
| Statement of FinancialPosition | l0 |
| Statement ofCashFlows | ll |
| AccountingPolicies | t2-13 |
| NotestotheFinancialStatements | 14-22 |
| TheVintner | s'Foundation, to |
|---|---|
| - | Assist charities concernedwiththereliefofthepoor,destituteandhomelessinGreaterLondonwho |
| aredisadvantaged byreasonsofhealth,educationorpoverty; | |
| - | Assist charities concernedwithtreatingthesocial effectsofalcoholand substance abuse; |
| - | Assist charities concernedwithmental healthissues. |
| - | Support young people,youthprojectsanddesignatededucational establishmentsin London; |
| - | Support certain other charities,asputforward byLiverymen oftheVintners'Company; |
| - | Assist othercharitablecauseswhichthe Trusteesmay, from timetotime,seefit. |
| TheVintners'Gifts Charify,to | |
| - | Relievepersonsin need*inthefollowingorderofpriority: |
| - - |
a. MembersoftheVintners'Companyandtheirdependents; b. Personsnow or formerlyengagedinthewinetrade and/orspiritstradeandtheirdependents; |
| and | |
| - - |
c. Suchother personsinneed ofassistanceastheCharifyshallinits absolute discretionthinkfllt. *Thetrusteemayrelievepersons inneedby:(a)payingpensions ormakinggrantsofmoney to |
| them,includingthecostsofeducation; or(b)providingorpaying forgoods, services orfacilitiesfor | |
| them; or (c)makinggrantsofmoney to otherpersonsor bodieswho providegoods, servicesor | |
| facilitiesto thoseinneed;or(d)assisting intheprovision ofhousing accommodationforthern. |
| Duringthe year donationsandgrants comprised: | ||
|---|---|---|
| 2022I | 2021 f |
|
| Disaster Emergency Committee-Ukraine | 108,718 | |
| The Drinks Trust | 30,000 | 130,000 |
| Hospitality Action | 100,000 | |
| Pøge3 |
| London Youth Rowing | 50,000 | 50,000 |
|---|---|---|
| CityHarvest | 33,I84 | |
| Spitaif,ieldsTrust | I5,000 | 17,500 |
| School home support | 10,000 | 15,000 |
| NehemiahProject | 10,000 | 10,000 |
| New Regent'sCollege | I5,000 | 10,000 |
| Khulisa | 10,000 | 10,000 |
| VeteransAid | 10,000 | |
| Abram WilsonFoundation | 10,000 | |
| Caritas | 10,000 | t2,500 |
| Greencoat School | 9,7t | |
| FutureFrontiers | 9,043 | |
| ABFTheSoldiersCharity(LM'sBigCurry Lunch) | ó,500 | |
| St JamesGarlickhythe | 5,000 | 5,500 |
| PurchasesfortheChildren'sChristrnasAppeal | 76,314 | 13,950 |
| Morethan 50 Charities received donations andgrantsoff5,000orless | 200,588 | 138,655 |
| Totaldonationsandgrantsforthefinancialyear | 500,620 | 600,403 |
rtheyearended3lMarch2 |
022 | ||||
|---|---|---|---|---|---|
| Notes | Unrestricted | Restricted | Expendable | Total Total |
|
| Funds | Funds | Endowment | 2022 2021 |
||
| 2022 | 2022 | 2022 | r, f |
||
| f | r. | f | |||
| Income Donations and legacies |
I | 4ll,2l8 | 1,000,000 | l,4ll,2l8 374,469 |
|
| Fundraising activities | 58,628 | 58,628 6,727 |
|||
| 411,218 | 58,628 | 1,000,000 | 1,469,846 381,19ó |
||
| Investment income | 2 | 114,422 | 129,434 | - | 243,856 218,016 |
| Totalincome | 525,640188,0621,000,000 | 1,713,702599,212 | |||
| Expenditure | |||||
| Charitableactivities | 3 | 341,084176,273 | 517,357608,I16 | ||
| Total expenditure | 341,084 | 176,273 |
517,357608,I16 | ||
| Netincorne before netgalnson investments |
I84,556 | I 1,789 | l,o0o,oo0 | t,t96,345(8,904) | |
| Netgains/(losses) on | 5 | 286,641 | 368,959 | (43,486) | 6l2,tl41,248,912 |
| investments | |||||
| Net income and net movement | 471,197 | 380,748956,514 | 1,808,4591,240,008 | ||
| infunds | |||||
| Totalfundsbrought forward | 3,724,126 | 4,287,691 | 9,011,8176,771,809 | ||
| Totalfundscarriedforward | 4,t95,323 | 4,668,439956,514 | 9,820,2768,011,817 |
| heVinûrers'Foundation(incorporatingVintn TATEMENTOFFINANCIALPOSITION sat 31March2022 |
ers'GiftsCh | arityandSaveou | rSwans) |
|---|---|---|---|
| Notes | 2022 | 2021 | |
| f, | f. | ||
| FIXEDASSBTS Investments |
5 | 9,536,143 | 7,655,533 |
| CURRENTASSETS | |||
| Debtors | 6 | 86,094 | 62,738 |
| Cashatbank | 207,045 | 302,550 | |
| 293,139 | 365,288 | ||
| CREDITORS: AMOUNTSFALLINGDUEWITHIN | 7 | (9,006) | (9,004) |
| ONEYEAR | |||
| NET CURRENTASSETS | 284,133 | 356,284 | |
| TOTALASSETS LESSCURRENTLIABILITIES | 9,820276 | 8,011,817 | |
| REPRESENTED BY: | |||
| Unrestricted funds | I | 4,195,323 | 3,724,126 |
| Expendable Endowment fund | I | 956,514 | |
| Restricted funds | I | 4,668d39 | 4,287,691 |
| 9,820,276 | g,0ll,gl7 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Notes | î | T | f | I | |
| Cashgeneratedfromoperations | t2 | (70,865) | (13s,261) | ||
| Investing activities | |||||
| lnvestments acquired | (1,268,496) | (475,621) | |||
| Incomefrominvestments | 243,856 | 218,016 | |||
| Proceedsfrominvestmentdisposals | 456,660 | ||||
| Netcashprovidedby/(usedin)investing | (1,024,640) | 199,055 | |||
| activities | |||||
| Financing Activities | |||||
| Receiptofcashendowment | l,ooo,o00 | ||||
| Netcashprovidedby/(useclin)hnancingactivities | 1,000,000 | ||||
| Net(decrease)/increaseincashandcash | (95,505) | 63,794 | |||
| equivalents | |||||
| Cashandcashequivalentsatbeginningofyear | 302,550 | 238,7s6 | |||
| Cashandcashequivalentsatendofyear | 207.045 | 302,550 |
| INCOMEFROMDONATIONS ANDLEGACIES | ||
|---|---|---|
| 2022 | 2021 | |
| f | f. | |
| ThçVintners'Company | 1,268,597 | 267,000 |
| UnderGiftAid | 60,277 | ó3,958 |
| NonGiftAid | 46,012 | 36,275 |
| Legacies | 25,000 | |
| Other | r1,332 | 7,236 |
| Total | 1,4112ß | 3?4,469 |
| 2022 | 2021 | |
|---|---|---|
| t | f, | |
| Dividends | 242,581 | 216,418 |
| Interest | 375 | 654 |
| Otherincome | 900 | 944 |
| 243,856 | 218,016 |
| ANALYSISOFEXPENDITURE ONCHARITAB | LEACTIVITIES | ||
|---|---|---|---|
| Currentyear | Charitable expenditure |
Govemance costs |
2022 f |
| ç | L | ||
| Donations to Charities | 403,676 | 403,676 | |
| Grants-Educational institutions | 80,500 | 80,500 | |
| PurchasesfortheChildren'sChristmasAppeal | 16,314 | 16,314 | |
| Other grants | 130 | 130 | |
| Support and governancecosts- Auditfees |
8,217 | 8,2t7 | |
| Othercosts | 8,520 | 8,520 | |
| 500,620 | 16,737 | 517,357 | |
| Cornparative year | Charitable | Govemance | 2021 |
| expenditure L |
costs f |
||
| DonationstoCharities | 543,933 | 543,933 | |
| Grants-Educational institutions | 37,710 | 37,710 | |
| PurchasesfortheChildren'sChristmasAppeal | 13,950 | 13,950 | |
| Other grants | 4,810 | 4,810 | |
| Support and governancecosts- | |||
| Auditand independent examinationfees | 7,635 | 7,635 | |
| Othercosts | 78 | 78 | |
| 600,403 | 1,113 | 608,116 |
| INVESTMENTS | 2022 202r |
|---|---|
| Quotedinvestmçnts: | f, |
| AtI April | |
| Fairvalue Additions |
7,655,5336,387,660 t,268,496475,621 |
| Disposals | -(456,660) |
| Unrealised gains/(losses) | 612,1141,248,912 |
| Fairvalueat31March | 9,536,1437,655,533 |
| Being: COIFInvestmentFund |
9,534,2797,588,415 |
| COIFSegregatedAccount | - 66,750 |
| COIF Deposit Fund | 1,864 368 |
| 9,536,1437,655,533 | |
| Totalinvestmentsatcost | 5,867,4654,600,465 |
| DEBTORS | ||
|---|---|---|
| 2022 | 2021 | |
| î, | Ê | |
| Taxrefundable | 14,592 | 4,447 |
| Accruedincome and other debtors | 71,502 | 68,I93 |
| Total | 86,094 | 72,640 |
| CREDITORS:AMOUNTSFALLINGDUE | WITHINONEYEAR | |
|---|---|---|
| 2022 | 202.1 | |
| f | f | |
| Accruals | 9,006 | 9,004 |
| Total | 9,006 | 9,004 |
| Current year | Balance atI April | Income | Expenditure | Gains/(losses) | Balanceat3l March2022 |
Balanceat3l March2022 |
|---|---|---|---|---|---|---|
| 2021 | f | f | f | |||
| Unrestrictedfunds | 3,724,126 | 525,640 | (341,084) | 286,641 | 4,195,323 | |
| ExpendableEndowment | I,000,000 | (43,486) | 956,s14 | |||
| Restricted funds- | ||||||
| Vintners' GiftCharity | 4,210,763 | 127,560 | (9t,269) | 364,627 | 4,611,682 | |
| SaveourSwans | 50,593 | 1,874 | (42) | 4,332 | 56,758 | |
| MillenniumFund | 26,335 | (26,33s) | ||||
| SpecificAppeals | 58,628 | (58,628) | ||||
| Total lestrictedfuitds | 4,287,69t | 188,062(176,273) | 368,9594,668,439 | |||
| Total | 8,011,817 | 1,713,702(s17,3s7) | 612,14 | 9,820,276 |
| Comparative year | BalanceatI April 2020 |
Income | Expenditure | Gains | Balanceat31 }l4arch202I |
|---|---|---|---|---|---|
| r. | f | f | + | ||
| Unrestrictçdfunds | 3,192,649 | 452,553 | (458,1s4) | 537,078 | 3,724,126 |
| Restricted funds- | |||||
| Vintners' GiftCharity | 3,507,261 | r23,024 | (t24,812) | 705,290 | 4,210,763 |
| SaveourSwans | 43,064 | 988 | (3) | 6,544 | 50,593 |
| Millenniumfund | 26,335 | 26,335 | |||
| AllanColdwell Memorial fund | 2,500 | (2,s00) | |||
| Specific Appeals Totalrestricted funds |
3,579,160 | 22,647 (22,647) 146,659(149,962) |
711,8344,287,691 | ||
| Total | 6,771,809 | 599,212(608,116) | 1,248,9128,011,817 |
| Current year | Unrestricted | Expendable | Restricted | |
|---|---|---|---|---|
| Funds | Endowment | Funds | Total | |
| 2022 r. |
2022 f. |
2022 I |
2022f | |
| Representedby: | ||||
| Investmentassets | 3,933,643 | 956,514 | 4,645,985 | 9,536,143 |
| Currentassets | 268,279 | 24,860 | 293,139 | |
| Currentliabilities | (6,600) | (2,406) | (9,006) | |
| 4,195,323 | 956,514 | 4,668,439 | --ew276 |
| Comparative year | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | |||
| Funds | Funds | Total | ||
| 2021 | 2021 | 2021 | ||
| Representedby: | î. | f. | f | |
| Investmentassets | 3,380,003 | 4,275,530 | 7,655,533 | |
| Currentassets | 350,727 | 14,561 | 365,288 | |
| Currentliabilities | (6,604) | (2,400) | (9,004) | |
| 3,724,126 | --Tpyløl | 8,0 11,817 |
| FINANCIALINSTRUMENTS | ||
|---|---|---|
| 2022 | 2021 | |
| r | € | |
| Financialassets: | ||
| InstrumentsmeasuredatfairvalusthroughprofÌtorloss | 9,536,143 | 7,655,533 |
| 12 | CASHGENERATEDFROMOPERATIONS | |||
|---|---|---|---|---|
| 2022 f |
202tr | |||
| Surplusfortheyear | I,808,459 | 1,240,010 | ||
| Adjustmentsfor: | ||||
| Investment incorne recognisedinStatementofFinancialActivities | (243,856) | (218,0r6) | ||
| Fair value (gains) andlosseson investments | (612,tt4) | (1,248,912) | ||
| Decrease/(Increase)indebtors | (23,3ss) | 135,714 | ||
| (Decrease)/Increaseincreditors | 2 | (44,0s8) | ||
| ExpendableEndowmentreceipt | (i,000,000) | |||
| Cashgeneratedfromoperations | (70,865) | (135,261) | ||
| 13 | ANALYSISOFCHANGESINNETDEBT | |||
| IApril | Cashflows | 31March | ||
| 2021 | f | 2022 | ||
| f, | r, | |||
| Cash | 302,550 | (95,s0s) | 207,04s |
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| 2021 | 2021 | 2021 | |
| f. | L | s | |
| Income | |||
| Donationsandlegacies | 358,499 | 15,970 | 374,469 |
| Fundraising activities | 6,727 | 6,727 | |
| 3s8,499 | 22,697 | 381,196 | |
| Investment income | 94,054 | 123,962 | 218,016 |
| Totalincome | 452,553 | 146,659 | 599,212 |
| Charitable activities | 458,154 | 149,962 | 608,116 |
| Totalexpenditure | 458,t54 | t49,962 | 608,116 |
| Netincome before net gainson | |||
| investments | (5,601) | (3,303) | (8,904) |
| Netgains/(losses)on | 537,078 | 111,834 | 1,248,912 |
| investments | |||
| Net income and net | 53r,471 | 708,531 | 1,240,008 |
| movementinfunds | |||
| Totalfunds broughtforward | 3,792,649 | 3,579,160 | 6,77l,gog |
| Totalfundscarriedforward | 3,724,t26 | 4,28 7.691 | 8,01L,817 |
| Unrestrictedfunds | 3,724,t26 | 3,724,126 | |
| Restrictedfunds | 4,28'l.691 | 4,287,69t | |
| Totalfunds | 3,724,126 | 4,287 .691 | 8,011,817 |
| 5IMPACTOFLINKED CHA Forthe yearended3lMarch |
RITIES 2022 |
|||
|---|---|---|---|---|
| The Vintners' | Vintners'Gift | Saveour | Total | |
| Foundation | Charity | Swans | ||
| 2022 | 2022 | 2022 | 2022 | |
| L | f | € | f | |
| Income Donationsandlegacies |
1,411,218 | l,4ll,zlg | ||
| Fundraising activities | 58,628 | 58,628 | ||
| 1,469,846 | - | 1,469,846 | ||
| Investmentincome | 114,422 | 127,560 | 1,874 | 243,856 |
| Totalincome | I,584,268 | 127,560 | 1,874 | 1,7131702 |
| Expenditure | ||||
| Charitable activities | 399,7rl | 7,604 | 42 | |
| Totalexpenditure | 399,711 | 1r7,604 | 42 | 517,357 |
| Netincome before netgainson investments |
I,I84,557 | 9,956 | 7,832 | I,196,345 |
| Netgains/(losses)on | 243,155 | 364,627 | 4,332 | 6t2,ll4 |
| investments | ||||
| Netincome and net moYement | 1,427,712 | 374,583 | 6,164 | 1,808,459 |
| in funds | ||||
| Totalfunds broughtforward | 3,724,123 | 4,237,09850,596 | 8,011,817 | |
| Totalfundscarriedforward | 5,151,835 | 4,611,681 | 56,760 | 9,820,276 |
| TheVintners' | Vintners'Gift | Saveour | Total | |
|---|---|---|---|---|
| Foundation | Charity | Swans | ||
| 2021 | 2021 | 2021 | 2021 | |
| f | f. | r. | ç | |
| Income | ||||
| Donationsandlegacies | 374,419 | 50 | 374,469 | |
| Fundraising activities | 6,727 | 6,727 | ||
| 381,146 | 50 | 381,19ó | ||
| Investmentinconre | 94,054 | t23,024 | 938 | 218,016 |
| Totalincome | 475,200 | 123,024 | 988 | 599,2L2 |
| Expenditure | ||||
| Charitable activities | 483,299 | 124,812 | 5 | 608,116 |
| Total expenditure | 483,301 | \24,812 | 5 | 608,116 |
| Netincome before netgainson investments |
(8,oee) | (1,788) | 983 | (8,904) |
| Netgains/(losses)on | 537,078 | 705,290 | 6,544 | 1,2481912 |
| investments | ||||
| Net income andnetmovement | 528,979 | 703,502 | 7,527 | 1,240,008 |
| in funds | ||||
| Totalfunds broughtforward | 3,195,147 | 3,533,59643,064 | 6,771,809 | |
| Total funds carriedforward | 3,724,126 | 4,237,09850,591 | 8,011,817 |