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|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|
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|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.|
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|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|
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|
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|
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|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|
##
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|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|
##
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|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|5t7,357|
|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|