2020-09-30-accounts - Oglesby Charitable Trust

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Reference and Administrative	Reference and Administrative	I to2
Trustees' Report		3 to 10
Independent Auditors'	Repo&t	I I to 13
Statement ofFinancial	Activities	14
Balance Sheet		15
Cash Flow Statentent		16
Notes to the Financial	Statements	17to 24

			Reference and	Administrative
Trustees			Jean Oglesby
			Christopher	Oglesby
			Jane Oglesby
			Katharine Vokes
			Kathryn Graham
Charity Registration		Number	1026669
Principal	Office		Union
			Albert Square
			Manchester
			M2 6LW
Auditor			KM
			Chartered Accountants
			1st Floor, Block C
			The Wharf
			Manchester	Road
			Burnley
			Lancashire
			BB111JG
Solicitors			Addleshaw	Goddard
			One St Peter's Square
			Manchester
			M2 3AB

Sta	teme	nt ofFinancial	Activities for t	he Year Ended 3	0 September 2	020
				Unrestricted	Total	Total
				funds	2020	2019
			Note
Income fronu
Donations				4 l7,200	417,200	10,719,993
Investments				172,365	172,365	116,011
Other income				9,096	9,096	4,375
Total income				598,661	598,661	10,840,379
Expenditure	on:
Charitable activities				(3,532,347)	(3,532,347)	(3,586,910)
Total expenditure				(3,532,347)	(3,532,347)	(3,586,910)
Net gains on investments				(55,044)	(55,044)	127,602
Net (expenditure)/income				(2,988,730)	(2,988,730)	7,381,071
Net movement	in funds			(2,988,730)	(2,988,730)	7,381,071
Reconciliation	offunds
Total funds brought		forward		14,146,909	14,146,909	6,765,838
Total funds carried		forward	16	11,158,179	11,158,179	14,146,909

			Balance	Sheet as at 30	September 20	20
						2020	2019
					Note
Fixed assets
Investments						8,314,375	8,652,418
Current assets
Debtors					12	20,739	1,582,972
Investments					13	2,155,964	2,629,358
Cash at bank		and in hand			14	951,954	1,289,061
						3,128,657	5,501,391
Creditors:	Amounts		falling due within	one year	15	(284,853)	(6,900l
Net current		assets				2,843,804	5,494,491
Net assets						11,158,179	14,146,909
Funds ofthe		charity:
Unrestricted		income	funds
Unrestricted		funds				11,158,179	14,146,909
Total funds					16	11,158,179	14,146,909

					2020	2019
				Note
Cash flows from operating	activities
Net cash (expenditure)/income					(2,988,730)	7,381,071
Adjustments to cash flows from non-cash			items
Investment income Revaluation ofinvestments					(172,365) 55,044	(116,011) ~123,876
					(3,106,051)	7,141,184
Working capital adjustments
Decrease/(increase) in debtors Increase/(decrease) in creditors				12 15	1,562,233 277,953	(1,565,053) ~85,430
Net cash flows from operating		activities			~(1,265,865	5,490,701
Cash flows from investing activities
Interest receivable and similar		income		3	58,082	88,857
Purchase ofinvestments				ll	(2,304,911)	(10,571,888)
Sale ofinvestments					2,587,910	3,819,809
Income from dividends					114,283	27,154
Net cash flows from investing		activities			455,364	6,636,068)
Net decrease in cash and cash		equivalents			(810,501)	(1,145,367)
Cash and cash equivalents at	I	October			3,918,419	5,063,786
Cash and cash equivalents at	30 September				3,107,918	3,918,419

2 Income from donations and legacies
	Total	Total
	2020	2019
Donations	300,000	8,727,993
Gift Aid	75,000	1,932,000
Donated serv ices	42,200	60,000
	417,200	10,719,993

3	Investment	Investment	income
						Total	Total
						2020	2019
Dividend income						114,283	27,154
Interest received						58,082	88,857
						172,365	116,011
4	Other	income
						Total	Total
						2020	2019
Fees and supplies						9,096	4,375
5	Expenditure		on charitable	activities
						Total	Total
						2020	2019
					Note
Grant funding ofactivities					6	3,288,306	3,399,687
Governance		costs			7	160,846	187,223
Staff costs					9	83,195
						3,532,347	3,586,910

6 List ofgrants
			2020	2019
Name ofinstitution/grant	Grant description
Aston University	Cash flow support		83,667
Blood Cancer UK	TAP 2019-22		150,000
Blood Cancer UI&	Covid-19 research project		40,000
Centre for Social Justice	Family Policy Unit		50,000	50,000
Community Forest Trust	City ofTrees programme		250,000	250,000
Family Stability Network	Core costs		237,560	269,241
GMIAU	Spotlight —fresh claims		52,123
Manchester Cancer Research	Phase 2		250,000
Manchester Museum	Courtyard development		33,000	67,000
Mango Tree	Girls boarding school		50,000	50,000
Mustard Tree	Core costs		45,000
Oasis Centre	Capital building project		30,000	50,000
	Health and wellbeing	phase
Onside Youth Zones	2		42,500
RHS Bridgewater	Woodland regeneration		35,000	70,000
Royal Exchange Theatre	Loyal Exchange		300,000
Safe Families for Children	Three pilot initiatives		60,000
Shared Health Foundation	Health inequalities projects		205,000	350,000
Storyhouse	Young leaders programme		50,000	50,000
Think Ahead Stroke	Chatty well being hub		40,000	40,000
University ofManchester	Leukemia research project		209,958
Covid-19 response provision			258,352
	StPeter's Church capital
Halle Concerts Society	project			125,000
	BIRTH theatre and
Liverpool School ofTropical Medicine	maternal health project			50,000
Chetham's School ofMusic	Renovation project			50,000
University ofManchester	CMML research group			209,958
Royal Exchange Theatre	Mobile theatre development			300,000
	Trials Acceleration
Bloodwise	Progarmme			150,000
Contact Theatre	Capital building project			50,000
Lifeshare	Youth homelessness			35,006
	Oglesby Cancer Research
University ofManchester	Building			250,000
Woodland Trust	Smithills Estate			60,000
Other grants to institutions			816,146	873,482
			3,288,306	3,399,687

Grant value	by category
			2020	2019
Artistic Development			497,775	801,000
Enviromental	Improvement		464,867	500,200
Education			189,882	257,093
Tackling social and health		inequalities	1,037,470	1,181,429
Medical Aid	and Research		739,960	659,965
Other			358,352
			3,288,306	3,399,687

Governance	costs
			Total	Total
			2020	2019
Audit ofthe	financial	statements	2,680	4,800
Legal fees			158,166	182,423
			160,846	187,223

					2020
Staff costs	during	the year were:
Wages and	salaries				83,195
The monthly	average number ofpersons employed		by the charity during	the year was as follows;
					2020
					No

11 Fixed asset investments
		Unlisted
	Listed	securities
	securities	and cash	Total
Market value
At 1 October 2019	5,013,314	3,639,104	8,652,418
Revaluation	(25,021)	(30,023)	(55,044)
Additions Disposals	2,058,242 ~2,077,440	246,669 ~510,470	2,304,911 ~2,507,910
At 30 September 2020	4,969,095	3,345,280	8,314,375

12 Debtors
				2020	2019
Prepayments	and accrued		income	20,739	1,582,972
13 Current	asset investments
				2020	2019
Investment	deposits			2,155,964	2,629,358
14 Cash and		cash equivalents
				2020	2019
Cash at bank				951,954	1,289,061
15 Creditors:		amounts	falling due &vithin one year
				2020	2019
Accruals				284,853	6,900

16 Funds
					Balance at 30
		Balance at I	Incoming	Resources	September
		October 2019	1'CSOU1'CCS	expended	2020
Unrestricted	funds
General		14,146,909	598,661	(3,587,391)	11,158,179
					Balance at 30
		Balance at 1	Inconllng	Resources	September
		October 2018	1'csoul'ccs	expended	2019
Unrestricted	funds
General		6,765,838	10,840,379	(3,459,308)	14,146,909

17 Anal	ysis ofnet assets bet&veen funds
		Unrestricted
		funds	Total funds
		General	2020
Fixed asset investments		8,314,375	8,314,375
Current	assets	3,128,657	3,128,657
Current	liabilities	(284,853)	(284,853)
Total net assets		11,158,179	11,158,179
		Unrestricted
		funds	Total funds
		General	2019
Fixed asset investments		8,652,418	8,652,418
Current	assets	5,501,391	5,501,391
Current	liabilities	(6,900)	(6,900)
Total net assets		14,146,909	14,146,909