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2021-04-05-accounts

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Charity Registration No. 1022815

THE OLIVER STANLEY CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021

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| THE OLIVER STANLEY CHARITABLE TRUST

CONTENTS

Page
Legal andAdministrative Information 1
Trustees’ report 2-5
Independent examiner's report 6
Statement offinancial activities ej
Statement offinancial position 8
Statement ofcash flows 9
Notes to the accounts 10-16
Investmentschedule 17

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THE OLIVER STANLEY CHARITABLE TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees MrJulian Stanley
Ms Deborah Brenner
Mrs Kate Mason
MrG D J Mason (Appointed 8 December 2020)
MsAS
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Stanley		 (Appointed 8 December 2020)
Secretary Rathbone TrustCompany Limited
Charity number 1022815
Registered office /address forappeals 8 Finsbury Circus
London
i EC2M 7AZ
i Independent examiner Bourner Bullock Chartered Accountants
Sovereign House
212-224 ShaftesburyAvenue
London
WC2H 8HQ
Bankers Coutts &Co
440 Strand
London
WC2R 0QS
Investmentadvisors Rathbone InvestmentManagement Limited
8 Finsbury Circus
London
EC2M7AZ

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THE OLIVER STANLEY CHARITABLE TRUST

TRUSTEES' REPORT FOR THE YEAR ENDED 5 APRIL 2021

The Trustees present their report and accounts for the year ended 5 April 2021.

The accounts have been prepared in accordance with the accounting policies set out in note 1 of the accounts and comply with the Charities Act 2011 and 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). The accounts also comply with the charity's governing document.

Objectives and activities

The policy of the Trustees since the creation of the trust has been to make donations to the following classes of charitable objects:

Some donations have been made satisfying these different aims together, as for example, donations to support the use of music in education.

These objectives have been applied generally, keeping all of them in sight, but contributing to a wide range of national and international appeals. Some causes have been supported regularly, for example, Sightsavers International and St Hilda's College.

The donation policy has been implemented at regular Trustees meetings at which all applications for assistance are carefully considered and donations agreed in the light of the trust resources available.

The Trustees make grants usually to registered charities. The Trustees hold unrestricted funds and all funds are available to meet the charity's objectives. The Trust's incoming resources are mainly generated by investments and cash deposits.

The Trustees are satisfied that the charity's assets are available and adequate to fulfill its current objectives, which will continue for the foreseeable future.

Public Benefit

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The Trustees confirm that they have due regard to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives, and in planning future activities and setting donations to be made in the following year.

The Trustees support a number of charitable organisations, as shown within note 16 to the financial statements. The Trustees believe all the donations made are for the benefit of the public.

Grant making policies

The Trustees meet annually to review applications for funding, investment performance, income levels and the financial statements. [n between Trustees’ Meetings the applications are considered and a full presentation is made at the Annual Meeting.

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THE OLIVER STANLEY CHARITABLE TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021

Financial review

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Total incoming resources were £31,618 (£29,970 in 2020), with £77,680 (£12,222 in 2020) being committed to charitable activities of which £5,516 (£5,422 in 2020) relating to costs of raising funds and £4,664 (£4,800 in 2020) relating to governance costs, resulting in net outgoing resources of £17,697 (outgoing £14,255 in 2020).

The total movement of resources in the year also include the realised gain in the year £15,410 (gain £0 in 2020) and an unrealised loss based upon the market value of the investments at the year end of £48,349 (loss £32,003 in 2020).

Grants

During the year under review, the Trustees resolved to make 29 donation payments, as detailed in note 16 of these accounts.

Reserves

The Trustees consider their investments as part of an unrestricted fund, providing a relatively secure and predictable stream of income from which to make grants. The Trustees aim to distribute a large percentage of the income, net of expenses, in each financial year and therefore do not maintain income reserves as such, however, income levels are continually reviewed by the Trustees at the annual meetings to ensure that they have sufficient funds to meet with their objectives.

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Investment policy and performance : As there are no specific restrictions of investment powers under the governing deed, the Trustees have full discretion over the investments. The Trustees have delegated Rathbone Investment Management to have full discretionary day to day control of the investments with a risk level of 3 and investment objective for income. In accordance with the Trustee Act 2000, as this duty has been delegated, the Trustees have in place a Policy Statement that has been agreed with Rathbone Investment Management.

The Trustees have reviewed current policies and do not feel any amendments are necessary.

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Assets have been acquired and disposed of in accordance with the powers available to the Trustees.

93.2% of the portfolio was invested in fixed interest bonds, 6.8% cash. The value of the Trust's investment portfolio as at 5 April 2021 totalled £918,257, an increase fram £859,208 including capital cash as at 5 April 2020.

The Trustees have reviewed the portfolio and are satisfied with its performance in light of the current economic climate.

For the financial year ended 5 April 2021, the portfolio generated income of £31,085 with a total return of 3.4% compared with the FTSE UK Gilts All Stocks 6.9%.

Risks

The Trustees have not identified any major risks and they will continue to keep the adequacy of the systems in place under review.

Plans for the future

The Trustees do not envisage any significant changes to its aims & objectives and they intend to continue supporting the various courses fo a similar level.

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THE OLIVER STANLEY CHARITABLE TRUST

TRUSTEES’ REPORT (CONTINUED)

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FOR THE YEAR ENDED 5 APRIL 2021

Structure, governance and management

The Oliver Stanley Charitable Trust is a registered charity created by deed dated 20 May 1993. Power to appoint new Trustees is vested in the Settlor or a new Trustee can be appointed by written Resolution of all of the Trustees.

The Trustees ensure that they are operating within current guidelines by discussing all issues arising as advised by the Charity Commission and Rathbone Trust Company Ltd during their meetings. All Trustees who have served to date have been appointed by the Settlor.

The Trustees normally meet on a regular basis to review performance, grant applications and any other matters arising. All Trustees are expected to attend the meetings and play an active role in the administration of the Trust, including researching possible donees and visiting charities and events where applicable. All meetings are minuted. Due to the continued pandemic, the Trustees are still meeting virtually to agree donations.

The Trustees who served during the year were:

Mr Julian Stanley Ms Deborah Brenner Mrs Kate Mason Mr G D J Mason (Appointed 8 December 2020) Ms ASB Stanley (Appointed 8 December 2020)

Appointment of new Trustees Anew Trustee can be appointed by written resolution of all of the Trustees.

Decision making

The Trustees meet annually to review applications for funding. Only successful applicants are notified of the Trustees’ decision. Certain charities are supported annually, although no commitment is given.

Trustee training

The Trustees correspond and meet with their professional advisors regularly and the advisors are specifically instructed to appraise the Trustees of relevant technical and practice issues as they arise.

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THE OLIVER STANLEY CHARITABLE TRUST

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2021

Statement of Trustees' responsibilities

The Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of the affairs of the Charity and of the incoming resources and applications of resources, including the income and expenditure, of the Charity for the period.

In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reparts) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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THE OLIVER STANLEY CHARITABLE TRUST

INDEPENDENT EXAMINER'S REPORT | TO THE TRUSTEES OF THE OLIVER STANLEY CHARITABLE TRUST | a | | | report to the Trustees on my examination of the the financial statements of The Oliver Stanley Charitable Trust

| report to the Trustees on my examination of the the financial statements of The Oliver Stanley Charitable Trust (‘the Charity’) for the year ended 5 April 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and related notes.

This report is made solely to the Foundation’s Trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that | might state to the Foundation’s Trustees those matters | am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, | do not accept or assume responsibility to anyone other than the charity and the Foundation’s Trustees as a body, for my work, for this report, or for the opinions | have formed.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).

| report in respect of my examination of the charity's financial statements carried out under section 145 of the Act and in carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently | express no opinion as to whether the financial statements present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner's statement.

independent examiner's statement

| have completed my examination. | 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:

(i) accounting records were not kept in respect of the charity as required by section 130 of the Act; or

(ii) the financial statements do not accord with those records; or

| 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 financial statements to be reached.

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David Matkins FCA Bourner Bullock Chartered Accountants Sovereign House 212-224 Shaftesbury Avenue London WC2H 8HQ Dated: oa..{o (Ug : VV

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THE OLIVER STANLEY CHARITABLE TRUST

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 5 APRIL 2021

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|||||||| |---|---|---|---|---|---|---| |2021|2020| |Notes|E|£| |In|vestmentcome|income|3|31,618|29,198| |Other income|4|-|772| |Total|income|31,618|29,970| |Expenditure| |Charitable|activities|5|77,680|12,222| |/| |Total|resources|expended|77,680|12,222| |Net outgoings|before|investment|gain/(losses)|(46,062)|17,748| |Net|gains/(losses)|on|investments|10|63,759|(32,003)| |Net movement in funds|17,697|a 4,255)| |Fund|balances|at 6|April|2020|979,293|993,548| |Fund balances at 5 April 2021|—_——996,990|—————979,293|

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THE OLIVER STANLEY CHARITABLE TRUST

STATEMENT OF FINANCIAL POSITION

AS AT 5 APRIL 20217

2021 2020
Notes £ £ z. £
Fixed assets
Investments 1 984,760 926,465
Current assets
Debtors 12 7,600 7,066
Cash at bank and in hand 10,667 51,643
18,267 58,709
Creditors: amounts falling due within 13
oneyear (6,037) (5,881)
Net current assets 12,230 52,828
Total assets less current liabilities 996,990 979,293
Income funds
Unrestricted funds 996,990 979,293
996,990 979,293

The accounts were approved by the Trustees on fd|ofLo Z Z

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Mrs Kate Mason ; Trustee

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THE OLIVER STANLEY CHARITABLE TRUST

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STATEMENT OF CASH FLOWS

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FORTHEYEARENDED5APRIL20217
fe cna erate a		 FORTHEYEARENDED5APRIL20217
fe cna erate a		 a a ae ee aRRR
2021 2020
Notes £ £ £ £
Cash flows from operating activities
Cash absorbed by operations 15 (78,058) (11,963)
investing activities
Purchase ofinvestments (102,735) (330,880)
Proceeds on disposal ofinvestments 107,445 ~
Dividends and interest received from investments 31,618 29,970
Netcash generated from investing
activities 36,328 (300,910)
Netdecrease in cash and cash equivalents (41,730) (312,873)
Cash and cash equivalents at beginning ofyear 118,900 431,773
Cash and cash equivalents atend of
year 17 77,170 118,900

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THE OLIVER STANLEY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2027

1 Accounting policies

Charity information

The Oliver Stanley Charitable Trust is an unincorporated chariatble trust.

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1.1 Accounting convention The financial statements have been prepared in accordance with ‘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) (Second Edition)’ and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019. The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view. This departure has involved following ‘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) (Second Edition)'rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn..

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant policy note.

1.2 Going concern The Trustees consider there are no material uncertainties about the Charity’s ability to continue as a going concern. The review of our financial position, reserves levels and future plans gives the Trustees confidence the charity remains a going concern for the foreseeable future.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes. All funds are unrestricted.

1.4 Incoming resources Investment income is accounted for on an accruals basis in the period to which it relates. Donations are accounted for when any conditions for receipt have been met and there is reasonable assurance of receipt.

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1.5 Prepayments
Prepayments are recognised at their expected settlement amount.
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Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.7 Creditors

Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any discounts due.

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THE OLIVER STANLEY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021

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| Accounting policies

(Continued)

1.8 Resources expended Management and administration costs comprise those costs incurred in running the charity. They have been apportioned on the basis of time spent between charitable activities, cost of raising funds and governance costs.

Governance costs consist of those costs associated with the overall running of the Charity and meeting statutory and regulatory requirements.

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Grants are included in the financial statements when approved by the Trustees and notified to recipients. The value of committed grants unpaid at the year end is accrued. Grants offered that are subject to conditions that have not been met at the year end are noted as a commitment but not accrued as expenditure.

1.9 Financial instruments

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in net income/(expenditure), except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

The Trustees do not invest in any complex financial instruments.

1.10 investments

Fixed assets investments represent listed investments which are stated at market valuation, where market value represents the mid market value on the last trading day before the year end. Any unrealised or realised gains arising from investments are accounted for in the Statement of Financial Activities.

2 Critical accounting estimates and judgements

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In the application of the Charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

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THE OLIVER STANLEY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021

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|||||||||| |---|---|---|---|---|---|---|---|---| |3|Investment|income| |2021|2020| |;|£|£| |Fixed|interest|19,585|20,299| |||Unit trust interest|12,053|8,899| |||31,618|29,198| |||4|Other|income| |2024|2020| |£|£| |Bank|interest|-|772| |5|Charitable|activities| |||2021|2020| |£|£| |Grant funding|of|activities|(see|note|6)|67,500|2,000| |Share|of support|costs|(see|note|7)|5,516|5,422| |_|Share|of governance|costs|(see|note|7)|4,664|4,800| |77,680|12,222| |6|Grants|payable| |||2021|2020| ||| |Grants|to|institutions|(33|grants):| |||Medical|23,500|2,000| |||Poverty|14,000|-| |Education|2,000|-| |Children|4,000|-| |Arts|3,000|-| |Disability|4,000|-| |Community|20,000|-| |67,500|2,000| |All|of the|above|grants were|payable|to|institutions.|

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THE OLIVER STANLEY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021

7 Support costs

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||||||||| |---|---|---|---|---|---|---|---| |Support|Governance|2021|2020|Basis|of| |‘|costs|costs|allocation| |£|£|£|£| |Investment|management fees|5,516|-|5,516|5,422| |Trust|administration|fees|-|3,024|3,024|3,000|Governance| |Independent|examiner's fees|-|1,640|1,640|1,800|Governance| |5,516|4,664|10,180|40,222|

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8 Trustees

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None of the Trustees (or any persons connected with them) received any remuneration, benefits or reimbursed expenses from the Charity during the year, or in the previous year.

9 Employees

There were no employees during the year, or in the previous year.

10 Net (losses)/gains on investments

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||||||| |---|---|---|---|---|---| |2021|2020| |£|£| |Unrealised|Gain/(loss)|48,349|(32,003)| |Gain|on|sale|of investments|15,410|-| |63,759|(32,003)| |Fixed|asset|investments| |Listed|Cashin|-|Total|:| |investments|portfolio| |£|£|£| |Cost or|valuation| |At 5 April|2020|859,208|67,257|926,465| |Additions|102,735|-|102,735| |Unrealised|loss|48,349|-|48,349| |Realised|gain/(loss)|15,410|-|15,410| |Cash|invested|-|(754)|(754)| |Disposals|(107,445)|-|(107,445)| |At 5 April|2021|918,257|66,503|984,760|

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11 Fixed asset investments

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THE OLIVER STANLEY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021

i 11 ‘Fixed asset investments (Continued)

Investmentsrepresentingmorethan5%oftheportfolios
Investment		 portfoliostotalmarketvalue (excludingcash):
Units
MarketValue
%of Total
£
Threadneedle InvestmentsUKCorpBond
Tesco 5.5% Notes		 325,073
196,000		 346,236
254,555
GE Capital UK Funding 4.125% 200,000 216,640 23.59%
Baille Gifford Strategic Bond Inc 110,000 100,826 10.98%
2021 2020
£ £
Listed investments 918,257 859,208
Cash in investment portfolio 66,503 67,257
984,760 926,465
Historic cost ofinvestments 869,036 892,574
12 Debtors: amounts falling due within one year
2021 2020
£ £ £
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Prepayments and accrued income
7,600
7,066
13 Creditors: amounts falling due within one year
2021 2020
£ £
Investmentmangementfee 1,373 1,321
Trust administration fee 3,024 3,000
Independent examiner's fee 1,640 1,560
6,037 5,881

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14 Related party transactions

No related party transactions have occurred during the year which require disclosure.

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THE OLIVER STANLEY CHARITABLE TRUST

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2027

15 Cash generated from operations 2021 2020
£ £
Surplus/(deficit) fortheyear 17,697 (14,255)
Adjustments for:
Investment income in the statement offinancial activities (31,618) (31,239)
Realised (gain)/loss on investments (15,410) -
Unrealised loss on investments (48,349) 32,003
Movements in working capital:
(Increase) in debtors (534) -
Increase in creditors 156 1,528
Cash absorbed by operations (78,058) (11,963)
16 Analysis ofchanges in netfunds
The Charity had no debt during the year.
17 Cash and cash equivalents 2021 2020
£ £
Cash at bank and in hand 10,667 51,643
Cash available to invest 66,503 67,257
77,170 118,900

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THE OLIVER STANLEY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021

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18 Donations made to Institutions during the year
2021 2020
£ £
Arts Fund 1,000 -
Bowel Cancer UK 3,000 -
Children's Helpers Worldwide 4,000 -
Dementia Support 3,000 -
John King Brain Tumour Foundation - 2,000
INTOUNI 4,000 -
Leprosy Mission 4,000 ~
Liverpool & Merseyside Theatre Trust 4,000 -
Maggs Day Centre 4,000 -
Medecins Sans Frontieres 2,000 -
Microloan Foundation 2,000 -
Myeloma UK 4,000 -
National
Art Collections Fund		 - ~
National Museums Liverpool 4,000 -
Neighbourcare 2,500 -
North London Hospice 4,000 -
Place2Be 3,000 -
Providence Row 1,000 ~
Refuge 2,500 -
Royal Free 2,000 -
Sightsavers International 2,000 -
Sistah Space 2,500 -
St Hilda's College 4,000 -
Stiching Dr
D Mukwege		 2,000 ~
St Mungo's 3,000 -
Swan Women's Centre 7,000 ~
Trussell Trust 5,500 -
Two Wheels for Life 5,500 ~
West London Mission 2,500 ~
Westminister Society 4,000 ~
Urology Foundation 2,500 ~
67,500 2,000

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