##
|Contents|||
|---|---|---|
|Trustees and Advisers.|||
|Trustees' Report.|||
|Statement ofTrustees'|Responsibilities|.|
|Report ofthe independent
Auditors.|||
|Statement of Financial|Activities. .||
|Statement of Financial|Position||
|Statement ofCash Flows|||
|Notes to the Financial|Statements.||
##
##
|Trustees|and Advisers|(continued)|||
|---|---|---|---|---|
|Advisers|||||
|Independent|Auditors:|Dunkley's|||
|||Woodland
Grange|||
|||Woodlands
Lane|||
|||Bradley Stoke|||
|||Bristol BS324JY|||
|Investment|Manager:|BlackRock Investment|Management|(UK) Limited|
|||12Throgmorton
Avenue|||
|||London EC2N 2DL|||
|Bankers:||Lloyds Bank|||
|||1"floor|||
|||1 Piccadilly|||
|||London W1J OAA|||
|Solicitors:||Dechert LLP|||
|||160Queen Victoria Street|||
|||London EC4V4QQ|||
|Administrator||The Trust Partnership|Limited||
|||6 Trull Farm Buildings|||
|||Tetbury|||
|||Gloucestershire
GL8|8SQ||
||\||||
|Charity Insurance:||AXA inSurance
UK Plc|||
|||Old Broad Street|||
|||London
EC2N 1HZ|||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||Note|2022|2021|
|---|---|---|---|---|---|---|
|income and Endowments|||||||
|Income from investments|||||309,200|346,376|
|Other income —donations||||||1,800|
|Total income|||||309,200|348,176|
|Expenditure
on|||||||
|Charitable
activities|||||||
|Grant making
activities|||||(390,539)|(402,867)|
|Total Expenditure|||||(390,539)|(402,867)|
|Net (expenditure)
and|net movement|on funds|before||||
|gain on investments|||||(81,339)|(54,691)|
|Other recognised
gains and losses|||||||
|Net gain on investments|||||723,575|2,195,249|
|Net movement
in funds||||13|642,236|2,140,558|
|Reconciliation
ofFunds|||||||
|Fund balances
brought|forward at 1 April||||12,438,858|10,298,300|
|Fund balances carried|forward at 31 March|||13|13,081,094|12,438,858|
|All amounts
relate to continuing
operations|||||||
##
||||||Note|2022|2021|
|---|---|---|---|---|---|---|---|
||Fixed Assets|||||||
||Tangible fixed|assets|||10|1,656||
||Investments||||11|12,982,113|12,338,176|
|||||||12,983,769|12,338,176|
||Current Assets|||||||
||Debtors||||12|89,251|75,460|
||Cash at bank|and in hand|||12|23,301|36,715|
||Total Current|Assets||||112,552|112,175|
||Gun ent Liabilities|||||||
||Creditors: amounts
falling due within one year||||12|(15,227)|(11,493)|
||Net Current Assets|||||97,325|100,682|
||Net Assets|||||13,081,094|12,438,858|
||The funds of|the Charity||||||
||Unrestricted|income|funds/Total|Charity funds|13|13,081,094|12,438,858|
|',|The notes"on-pages||15to 21 forn1 part ofthese'financial||statements.|||
|Statement
ofCash Ftows|Statement
ofCash Ftows|Statement
ofCash Ftows||||
|---|---|---|---|---|---|
|For the year ended 31 March 2022||||||
||||Note|Total|Total|
|||||Funds|Funds|
|||||2022|2021|
|||||f||
|Net cash used in operating|activities||14|(400,152)|(417,070)|
|Cashflows
from investing|activities|||||
|Inieresi and dividends|||5|309,200|346,376|
|Purchase ofproperty,
plant|and equipment||10|(2,100)||
|Proceeds from sale ofinvestments|||11|375,000|390,000|
|Purchase ofinvestments|||11|(295,362)|(331,694)|
|Net cash provided
by investing
activities||||386,737|404,682|
|Change
in cash and cash|equivalents|in the year||(13,414)|(12,388)|
|Cash and cash equivalents|brought
forward|||36,715|49,103|
|Cash and cash equivalents|carried forward|||23,301|36,715|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||2022|2021|
|---|---|---|---|---|
||||E|E|
|Pooled investment||vehicles|309,200|346,376|
|Total investment|income||309,200|346,376|
##
|||2022|2021|
|---|---|---|---|
|Grant funded
activity||172,366|187,221|
|Support costs (note|7)|213,288|212,147|
|Governance
(note 8)||4,885|3,499|
|||390,539|402,867|
|Support costs||||
|||2022|2021|
|||f||
|Staff costs||141,585|141,266|
|Administration
expenses||50,797|48,480|
|Car and travel expenses||15,822|17,180|
|Other costs||5,084|5,221|
|Total support costs||213,288|212,147|
|Governance costs||||
|||2022|2021|
|Auditors'
remuneration||2,040|1,440|
|Trustees'
Indemnity|Insurance|2,845|2,059|
|Total governance
costs||4,885|3,499|
|Analysis ofstaff|costs|||
|||2022|2021|
|Salaries||104,217|102,767|
|National
insurance|contributions|9,847|11,413|
|Pension costs||27,521|27,086|
|Total staff costs||141,585|141,266|
##
##
||||||||Computer|equipment|equipment|
|---|---|---|---|---|---|---|---|---|---|
|||||||2022|||2021|
||||||||||E|
|||Cost||||||||
|||At 1 April 2021||||1,994|||1,994|
|||Additions
in year||||2,100||||
|||Disposals
in year||||(997)||||
|||At 31 March 2022||||3,097|||1,994|
|||Depieciation||||||||
|||At 1 April 2021||||1,994|||1,884|
|||Charge for the year|||||444||110|
|||Disposals
in year||||(997)||||
|||At 31 March 2022||||1,441|||1,994|
|||Net book value||||1,656||||
|||At 31 March 2022||||||||
|Investments||||||||||
||||||||2022||2021|
|Ilovement
in investments||||||||F|f|
|Market value|brought|fonNard|||||12,388,176||10,201,233|
|Add: additions|to investment
at cost||||||295,362||331,694|
|Disposals at carrying||value|||||(375,000)||(390,000)|
|Add net gains|on revaluation||||||723,575||2,195,249|
|Market value|as at 31 March||||||12,982,113||12,338,176|
|An analysis of market value at year-end|||is|detailed|below|||||
||||||||2022||2021|
||||||||f.|||
|Pooled|investment
vehicles —Unit Trusts||||||12,982,113||12,338,176|
|The following table sets out the investments||||ofthe|Trust|||||
|||||2022||2022|2021||2021|
||||||0/|Value||0/|Value|
|||||||F|||E|
|Security||||||||||
|Blackrock Charities||Growth 8 Income Fund||100.00||12,982,113|100.00||12,338,176|
|12.|Analysis of net current assets|Analysis of net current assets|||||
|---|---|---|---|---|---|---|
||||||2022|2021|
||Debtors: amounts
falling due|within|one year||f|E|
||Prepayments
and accrued income||||89,251|75,460|
||Cash held||||||
||Cash at bank and in hand||||23,301|36,715|
||Total current assets||||112,552|112,175|
||Creditors: amounts
falling due within one year||||||
||Administration
charges due||||13;187|10,053|
||Professional fees||||2,040|1,440|
||Total current liabilities||||15,227|11,493|
||Unrestricted
income funds||||||
||Balance||Incoming|Charitable|Realised|Balance|
||1 April||resources|expenditure|and|31 March|
||2021|||costs|unrealised|2022|
||||||gain||
||||||f||
||Unrestricted||||||
||Income Fund
~435/55||||||
||Reconciliation
of net movement||in funds to|net cash flow|from operating|activities|
||||||2022|2021|
||Net movement
in funds||||642,236|2,140,558|
||Add depreciation
charges|||||110|
||Deduct interest income shown|in investing
activities|||(309,200)|(346,376)|
||Deduct net gain on investments||||(723,575)|(2, 195,249)|
||Increase
in debtors||||(13,791)|(14,496)|
||Increase/(decrease)
in creditors||||3,734|(1,617)|
||Net cash used in operating
activities||||(400,152)|(417,070)|
##
##
##