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||Page|
|---|---|
|Chairman’s Review|1|
|Trustees Report including the Strategic Report|2 -20|
|Trustees Responsibi!ities|21|
|Independent Auditors’ Report to the Members|22 -24|
|Consolidated Statement of Financial Activities|25|
|Consolidated and Company Balance Sheets|26|
|Consolidated Cash Flow Statement|27|
|Notes to the Financial Statements|28 —47|
|Appendix 1<br>- Detailed Schedule of Grants Paid|48-52|





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|MA Street OBE|Chairman|(2) (3)|
|---|---|---|
|D N Taylor|Deputy Chairman and Executive Trustee (1) (3) (4)||
|C J Clarkson|(1)||
|C M Erwood|(3) (4)||
|V E Hoskins|(4)|Appointed 1st April 2021|
|R P Meadows|(4)||
|J J O’Sullivan MBE(1) (2)|||
|S C O’Sullivan|(4)||
|RFWhite|(1)(2)||



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|._____________________|2019/20|2020/21|2021/22|
|---|---|---|---|
|£25,000 and under|440|719|454|
|£25,001 -fiOO,000|28|8|5|
|£100,001 -250,000|2|0|4|
|‘ Over £250,000|2|0|3|
|Total|472|727|466|



||2019/20|2020/21|2021/22|
|---|---|---|---|
|LiMorless|361|594|373|
|£1M-5M|70|128|69|
|£5M-10M|22|1|6|
|Over10M|16|4|18|
|Total|472|727|466|





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## **THE EDWARD GOSTLING FOUNDATION TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022** 

## **Reserves Policy** 

The Trustees have reviewed the reserves of the charity. The charity currently distributes in excess of its income each year and has no income retained as unrestricted funds. After deducting the value of fixed assets held for the Charity's own use, reserves available for current activities are £103.9M _(FY2020/21: £104.4M)_ which primarily represents the equity held in the Charity's investments which are managed on a total return basis. The Trustees consider that, in conjunction with their liquidity and their investment and distribution policies, the current level of reserves is appropriate to enable them to continue to fund grants, the social investment programme, investment management fees and support and governance costs without eroding the longer-term real value of the Charity's investment capital. The Trustees regularly monitor liquidity and cashflow to ensure these are sufficient to cover ongoing expenditure. 

Trustees have considered how COVID-19 could continue to affect the accounting policies that underlie these financial statements and have reviewed income budgets, asset valuations and made assessments regarding possible material uncertainties and the adequacy of disclosures. Following this review, the Trustees consider that there are sufficient reserves at 31 March 2022 to manage any foreseeable downturn in the UK and global economy and that there is a reasonable expectation The Edward Gostling Foundation has adequate resources to continue in operational existence for the foreseeable future and, for this reason, the Trustees continue to adopt the 'going concern' basis in preparing the accounts. 

**The Trustees Report and the Strategic Report have been approved by order of the Board on 28 June 2022** 


**----- Start of picture text -----**<br>
C<br>L_, -'  v--A  v-,  ---<br>**----- End of picture text -----**<br>


## **MA Street Chairman** 

Page 20 



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|||2022|2021|
|---|---|---|---|
|||£|£|
|Income and endowments from:||||
|Investments||||
|- Income from properties including joint ventures||1,517,887|1,599,814|
|- Other investment income||2,247,578|2,455,068|
|- Other income (donation received)||-|10,000|
|Total income and endowments||3,765,465|4,064,902|
|Expenditure on:||||
|Raising funds:||||
|- Property operating casts||(513,209)|(716,974)|
|- Loan interest and bank charges||(948,022)|(930,333)|
|- Investment management fees and costs||(295.740)|(429,805)|
|||(1,756,971)|(2.077,112)|
|Net income available for charitable application||2,008,494|1.987,790|
|Charitable activities:||||
|- Grant making costs||(8,017,660)|(4.353, 767)|
|- Impairment of Social Investment||-|(424,915)|
|Total expenditure|5|(9,774.6311|(6,855.794)|
|Net (expenditure) before investment gains/(Iosses)||(6,009,168)|(2,790,892)|
|Revaluation losses on investment properties||(800,000)|-|
|Gains/Oosses) on listed investment assets||3,901,518|9,850,949|
|Net (loss)Iincome||(2,907,648)|7,060,057|
|Other recognised gains||||
|Fair value movement on derivative contracts||2,254,124|1,177,372|
|Actuarial gains/(Iosses) on defined benefit pension scheme||126,000|(447,280)|
|Net movement in funds||(527,524)|7,790,149|
|Reconciliation of funds||||
|Total funds brought forward at 1 April 2021||104,951,319|97.161.170|
|Total funds carried forward at 31 March 2022||£104.423.795|£104,951,319|





## **THE EDWARD GOSTLING FOUNDATION CONSOLIDATED AND CHARITY BALANCE SHEETS COMPANY REGISTRATION NUMBER: 03522188** 

## **31 MARCH 2022** 

|Notes<br>**FIXED ASSETS**<br>Tangible assets<br>8<br>Investments<br>- Investment properties<br>9a<br>- Investments in subsidiaries<br>9b<br>- Programme related<br>investments<br>9c<br>� Listed Investments<br>9d<br>**CURRENT ASSETS**<br>Programme related<br>investments<br>9c<br>Assets held for sale<br>9e<br>Debtors<br>11<br>Cash at bank and in hand<br>10<br>**CREDITORS:**Amounts<br>falling due within one year<br>12<br>**NET CURRENT ASSETS/**<br>**(LIABILITIES)**<br>**TOTAL ASSETS LESS**<br>**CURRENT LIABILITIES**<br>**CREDITORS:**Amounts<br>falUng due afer more than<br>one year<br>13<br>**Net**<br>**assets**<br>**excluding**<br>**pension liability**<br>Pension Liability<br>15<br>**NET ASSETS**<br>**UNRESTRICTED FUNDS**<br>Income and expenditure<br>14<br>Fair value reserve<br>14|**Group**<br>**2022**<br>_2021_<br>£<br>£<br>**501,331**<br>_516,363_<br>**8,545,358**<br>_13,895,000_<br>**8,545,822**<br>_7,545,822_<br>**84,362,204**<br>_85,127,76_<br>**101,9541715**<br>_107,084,661_<br>**50,000**<br>_50,000_<br>**3,737,900**<br>**670,230**<br>_682,288_<br>**6,494,591**<br>_5,976,361_<br>**10,952,721**<br>_6,708,649_<br>**(4,785,539)**<br>_(1,898,265)_<br>**6,167,182**<br>_4,810,384_<br>**108, 121,897**<br>_111,895,045_<br>**(3,214.101)**<br>_(6,290,725)_<br>**£104,907,796**<br>_£105,604,320_<br>**(484**~~**1**~~**001)**<br>_(653,001)_<br>**£104,423,795 **_£104.951,;19 _<br>**92,501,179**<br>_98,384,345_<br>**11,922,616**<br>_6,566,974_<br>£1 o�,423,Z95_r1 o4. 951 3_m|**Charity**<br>**2022**<br>_2021_<br>£<br>£<br>**501,331**<br>_516,363_<br>**8,545,358**<br>_13,895,000_<br>**20,440,264**<br>_20,440,264_<br>**8,539,322**<br>_7,539,322_<br>**84,362,204**<br>_85,127,76_<br>**122,388,479**<br>_127,518,425_<br>**50,000**<br>_50,000_<br>**3,737,900**<br>**670,230**<br>_682,288_<br>**6,491**~~**1**~~**258**<br>_5,973,028_<br>**10,949,388**<br>_6,705,316_<br>**(25**~~**1**~~**215**~~**1**~~**970)**<br>_(22,328.696)_<br>**(14,266,582)**<br>_(15. 623,380)_<br>**108,121,897**<br>_111,895,045_<br>**{3,214**~~**1**~~**101 l**<br>_(6,290,725)_<br>**£1041907,796**<br>_£105,604,320_<br>**(484,001}**<br>_(53,001 _<br>~~**£104,423,795**~~<br>~~_£10,9513_~~_19 _<br>**77,448,177**<br>_83,331,343_<br>**26,975,618**<br>_21,619,976_<br>**£104,423,795**_£104,951,319 _|
|---|---|---|



Included within the group results is a loss of £527,524 _(2021: £7,790, 149 gain)_ in respect of The Edward Gostling Foundation. There are no recognised gains or losses other than those reported above. 

Approved and authoriseji for issue by the Trustees on 28 June 2022 and signed on their behalf by � _;,-/\� MA Street � 

MA Street Chairman 

The notes on pages 28 to 47 form part of these financial statements 

Page 26 



||||2022||||2021||
|---|---|---|---|---|---|---|---|---|
||Notes||£|£||£||£|
|Net cash (used in)!|||||||||
|provided by operating||16||(5,326,294)||||(5,845,446)|
|activities;|||||||||
|Net cash from investing|||||||||
|activities;|||||||||
|Investment income|||2,247,578||Z455,088||||
|Interest paid|||(948,022)||(930,333)||||
|Sale of property, plant and|||||||||
|equipment|||-|||332|||
|Purchase of property, plant and|||||||||
|equipment|||(1,124)||||||
|Purchase of listed investments|||(7,870,081)||(25,812,691)||||
|Additions to investment properties|||(30,358)||||-||
|Sale offixed asset investments|||825,000||||-||
|Profit from sale offixed assets|||34,660||||-||
|Proceeds from sale of investments|||12,516,788||22,827,600||||
|Purchase of social investment|||(1,000,000)||||-||
|Movement in social|||||||||
|investment loans|||50,000|||50.000|||
|Net cash provided by|||||||||
|(used in)! investing|||||||||
|activities||||5,824.441||||(1,410,004)|
|Change in cash and cash|||||||||
|equivalents in the reporting period||||498,147||||(7,255,450)|
|Cash and cash equivalents at the|||||||||
|beginning ofthe reporting period||||6,539,341||||13.794.791|
|Cash and cash equivalents at|the||||||||
|end of the reporting period|||£|7.037.488|||£|6.539.341|
|Cash and cash equivalents are represented by|||||||||
|Cash at bank and in hand||||6,494,591||||5,976,361|
|Cash held with investment manager||||542,897||||562.980|
||||£|7.037.488|||£|6,539.341|
|CHANGE IN MOVEMENT IN NET||FUNDS|||||||
||||At|1 April|Cash|flow|At 31 March||
||||2021|||||2022|
|||||£|£|||£|
|Cash at bank and in hand|||5,976,361||518,230||6,494,591||
|Cash held with investment manager||||562,980|(20,083)|||542,897|
|Net Funds|||6,539,341||498,147||7,037,488||





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|offtheir cost less estimated|residual value over their useful econo|
|---|---|
|Furniture and equipment|- 15-18% on a straight-line basis|
|Computer equipment|- 25-33% on a straight-line basis|
|Plant and machinery|- 25% on a reducing balance basis|
|Motor vehicles|- 25% on a reducing balance basis|
|Assets under construction|- no depreciation|



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|TOTAL EXPENDITURE||||||
|---|---|---|---|---|---|
||Staff|Other|Depreciation|2022|2021|
||Costs|costs||Total|Total|
||£|£|£|£|£|
|Expenditure on:||||||
|Property operating costs|-|497,052|16,156|513,208|716,974|
|Loan interest and bank||||||
|charges|-|948,022|-|948,022|930,333|
|Investment management||||||
|fees and costs|103,912|191,828||295,740|429.805|
||103,912|1,636,901|16,156|1,756,970|2,077,112|
|Charitable activities||||||
|Grant making costs||||||
|(note 4)|320,051|7,433,235|-|7,753,286|4,129,495|
|Support costs|264,374|-|-|264,374|224,272|
|Impairment of social||||||
|investment||||-|424,915|
||584,425|7,433,235|-|8,017,660|4,778,682|
|Total expenditure||£ 9.070.136|||£ 6.855,794|



## 

|ET INCOME|||||
|---|---|---|---|---|
||||2022|2021|
||||£||
|This is stated after charging:|||||
|Group auditors’ remuneration|-|Audit fees:|||
|||- relating to parent company|26,750|25,450|
|||- relating to corporation tax|1,000|950|
|Depreciation of tangible fixed|assets||16.156|31,289|





## 

|taff costs consist of:||||
|---|---|---|---|
|||Group||
||2022||2021|
||£||£|
|Wages and salaries|555,313||757,620|
|Social security costs|70,299||93,621|
|Other pension costs|62,725||55,540|
|||£|906.781|



||2022||2021||
|---|---|---|---|---|
||Number||Number||
|Administration/management||7||8|
|||7||8|



|||2022|2021|
|---|---|---|---|
|||Number|Number|
|£90,000|£100,000|I|1|
|£100,000|£110,000|-|I|
|£110,000|£120000|I|-|
|£120,000|£130,000|-|-|
|£200,000|£210,000|-|I|
|£210,000|£220,000||I|
|£220,000|£230,000|I|-|
|£230,000|£240,000|||





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|Trustees||||||||||
|---|---|---|---|---|---|---|---|---|---|
||||||||2022||2Q21|
||||||||£||£|
|Emouments|(including|pension|costs|and|taxable|benefits)||£|215.356|





## 

## 

|Group and charity|||||
|---|---|---|---|---|
||Land &|Other|||
||Buildings|equipment||Total|
||£|£||£|
|Cost|||||
|At 1 April 2021|485.000|99,193||584,193|
|Additions|-|1,124||1,124|
|Disposals|-|-||-|
|Revaluation|||||
|At 31 March 2022|485,000|100317||585317|
|Depreciation|||||
|At 1 April 2021|-|67,830||67,830|
|Chargefortheyear|-|16,156||16,156|
|Revaluation adjustment|-|-||-|
|Disposals|||||
|At 31 March 2022||83,986||83,986|
|Net book value|||||
|At 31 March 2022|£ 485.000||£|501.331|
|At31 March2021|£465,000|£31363|£|516.363|





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## 

|Group and charity||£|
|---|---|---|
|Costlvaluation|||
|At 1 April 2021||13895000|
|Additions||30,358|
|Revaluations||(800000)|
|Disposals||(825000)|
|Assets held for sale (note 9e)||(3,755,000)|
|At 31 March 2022|_E|8.545,358|
|At31 March 2021|£13895000||



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## 

||Group||Charity|Charity||
|---|---|---|---|---|---|
||2022|2021|2022||2021|
||£|£|£||£|
|Fixed Assets||||||
|Dame Hannah Rogers School Loan|350,000|350.000|350,000||350,000|
|Exeter Royal Academy Loan|500,000|500,000|500,000||500,000|
|Otterbourne Hill property|2,019,018|2019,016|2,019,016|2,019,016||
|Launchpad Reading property|331,974|331,974|331,974||331,974|
|Brazilian Investment|1162,886|162.686|1,156,186||156,186|
|Bournemouth property|545,378|545.378|545,378||545.378|
|Dame Hannah Rogers School|2,925,000|2.925.000|2,925,000|2,925.000||
|Blyth property|78,651|78,651|78,651||78,651|
|Bell Vue Crescent property|633,117|633.117|633,117||633,117|
||8,545,822|7,545.822|8,539,322||7.539.322|
|Current Assets||||||
|Dame Hannah Rogers School Loan|50,000|50.000|50.000||50,000|
|Total programme||||||
|related investments|£|7.595.822|£ 8.589.322|£|7,589,322|





## 

## 

|ISTED INVESTMENTS|||
|---|---|---|
||Group and Charity||
||2022|2021|
||£|£|
|Investments of 1 Apr11 2021|84,564,496|71,858,455|
|Additions|7,870,081|25,812691|
|Disposals|(12,516,788)|(22,827,600)|
|Revaluations|3,901.518|9,720.950|
|Market value at 31 March 2022|83,819,307|84,564496|
|Cash held with investment manager|542,897|562.980|
||4ZP4|f5_j27.476|



|At the year end the following investments represented more|than 6% of the total in|vestments:|
|---|---|---|
|Charities Properties Fund|10%|9%|
|CCLA Charities Properties Fund|0%|8%|
|CCLA Charities Ethical Investment Fund|9%|4%|
|CCLA Charities Global Equity Income|9%|5%|
|Mayfair Capital Property Income Trust for Charities|0%|8%|
|Sarasin & Partners Climate Active Fund|4%|8%|
|Sarasin Income and Reserves Fund|6%|6%|



## 

|Investments comprise:|||
|---|---|---|
||Group|and Charity|
||2022|2021|
||£|£|
|Fixed interest stocks|7,214,380|8,095,069|
|Property funds|9,040,557|21,163,954|
|Equity investments|67,564,370|55,305,473|
|Fixed term deposits and cash held|542.897|562,980|
|||_B5j27,476|



## 

|SSETS HELD FOR SALE|||
|---|---|---|
||Group and Charity||
||2022<br>2Q21||
||£<br>£||
|Assets held for sale at 1 April 2021|-|-|
|Investment properties transferred to held for sale|3,755,000|-|
|Impairment on estimated costs to sell|(17,100)|-|
|Assets held for sale at 31 March 2022|3.737.900||





## 

||Group|||Charity|
|---|---|---|---|---|
|2022||2021|2022|2021|
|£||£|£|£|
|||5.976.361||5,973.028|



## 

|DEBTORS|||||
|---|---|---|---|---|
|||Group and Charity|||
|||2022||2021|
|||£||£|
|Trade debtors||84,823||33558|
|Other debtors||576,830||643.988|
|Prepayments and accrued income||8,577||4,742|
||£|670230|£|682.288|





## 

|REDITORS: Amounts falling|due within one year|due within one year|||
|---|---|---|---|---|
||Group||Charity||
||2Q22|2021|2022|2021|
||£|£|£|£|
|Trade creditors|23,570|13;234|23,570|13,234|
|Amounts owed to group|||||
|undertakings|-|-|20,430,431|20,430,431|
|Other taxes and social|||||
|security|59,724|51.498|59,724|51,498|
|Other creditors|77,851|3,729|77,851|3,729|
|Grants payable|4,412,154|1,57676|4,412,154|1,578,676|
|Accruals and deferred|||||
|income|212,240|251,128|212,240|251,128|
|||LJ898.265|IAZQ|£22328696|



|REDITORS: Amounts fa[hng due after mo|re than one year||
|---|---|---|
||Group and|Charity|
||2022|2021|
||£|£|
|Derivative contract|3,174,101|5428.225|
|Grants payabe|40,000|862.500|
||J±iS1Q1|£6,290.725|





## 

## 

|roup 2022||||
|---|---|---|---|
||Income and|||
||expenditure|Fair value||
||account|reserve|Total|
||£|£|£|
|Reserve balances brought forward|98,384,345|6,566,974|104,951,319|
|Net expenditure|(6,009,166)|-|(6,009,166)|
|Gain on listed investments|-|3,901,518|3,901,518|
|Gain/(loss) on investment properties|-|(800,000)|(800,000)|
|Re-measurement of pension liability|126,000|-|126,000|
|Fair value movement on derivative contracts||2,254,124|2,254,124|
|Reserve balances carried forward|||104.423.795|



## 

|harity 2022||||
|---|---|---|---|
||Income and|||
||expenditure|Fair value||
||account|reserve|Total|
||£|£|£|
|Reserve balances brought forward|83,331343|21,619,976|104,951.319|
|Net expenditure|(6,009,166)|-|(6,009,166)|
|Gain on listed investments|-|3,901,518|3,901.518|
|Gain/(loss) on investment properties|-|(800,000)|(800,000)|
|Re-measurement of pension liability|126,000|-|126,000|
|Fair value movement on derivative contracts||2,254,124|2,254,124|
|Reserve balances carried forward|77.448.177|||



## 

|roup 2021||||
|---|---|---|---|
||Income and|||
||expenditure|Fair value||
||account|reserve|Total|
||£|£|£|
|Reserve balances brought forward|101,622,517|(4,461.347,)|97,161.170|
|Net expenditure|(2,790.892)|-|(2,790.692)|
|Gain on investments|-|9,650,949|9.850.949|
|Gain on fixed assets|-|-|-|
|Re-measurement ofpension liability|(447,280)|-|(447,280)|
|Fair value movement on derivative contracts|-|1.177.372|1.177.372|
|Reserve balances carried forward|98384.345|6,566,974|104.951,319|





## 

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|harity 2021||||
|---|---|---|---|
||income and|||
||expenditure|Fair value||
||account|reserve|Total|
||£|£|£|
|Reserve balances brought forward|86,569515|10,591.655|97,161,170|
|Net expenditure|(2,790.892|-|(2,790,892)|
|Gain on investments|-|9.850.949|9.850.949|
|Gain on fixedassets|-|-|-|
|Re-measurementofpension /iabfifty|(447,280)||(447,280)|
|Fairvalue movement on derivative contracts|-|1,177,372|1.177,372|
|Reserve balances carried forward|83,33t343|21,619.976|104,951,319|



## 



## 

## 

|air value of plan assets, present value of defined bene<br>sset (liability)|fit obligation, and defin|ed benefit|
|---|---|---|
||31 March|31 March|
||2022|2Q21|
||£000|£000|
|Fair value of plan assets|2,977|2,933|
|Present value of defined benefit obligation|(3,461)|(3,586)|
|Surplus (deficit) in plan|(484)|(653)|
|Defined benefit asset (liability) to be recognised|(484)|(653)|



||Period from|Period from|
|---|---|---|
||31 March|31 March|
||2021to31|2020to31|
||March 2022|March 2021|
||£‘OOO|£000|
|Defined benefit obligation at start of period|3,586|2,682|
|Current service cost|47|55|
|Expenses|3|‘1|
|Interest expense|77|64|
|Member contributions|27|44|
|Actuarial Iossesl(gains) due to scheme experience|143|56|
|Actuarial losses/(gains) due to changes in financial|(291)|737|
|assumptions|||
|Actuarial losses/(gains) due to changes in demographic|(57)|13|
|assumptions|||
|Benefits paid and expenses|(74)|(69)|
|Defined benefit obligation at end of period|3,461|3,586|



## 

||||Period from|Period from|
|---|---|---|---|---|
||||31 March|31 March|
||||2021 to 31|2020 to 31|
||||March 2022|March 2021|
||||£‘OOO|£000|
|Fair value of plan assets at start of period|||2,933|2,401|
|Interest income|||64|58|
|Experience on<br>plan assets (excluding amounts|included|in|||
|interest income)<br>— gain/(loss)|||(79)|372|
|Employer contributions|||106|127|
|Member contributions|||27|44|
|Benefits paid and expenses|||(74)|(69)|
|Fair value of plan assets at end of period|||2,977|2,933|





## 

|Assets|||
|---|---|---|
||31 March|31 March|
||2022|2021|
||£000|£‘QOQ|
|Global Equity|571|468|
|Absolute Return|119|162|
|Distressed opportunities|107|85|
|Credit relative value|99|92|
|Alternative risk premia|98|110|
|Fund of hedge funds|-|-|
|Emerging market debt|87|118|
|Risk sharing|98|107|
|Insurance linked security|69|70|
|Property|80|61|
|Infrastructure|212|196|
|Private debt|76|70|
|Opportunistic Illiquid credit|100|75|
|High yield|26|88|
|Opportunistic Credit|11|80|
|Cash|10||
|Corporate bond fund|199|173|
|Liquid credit||35|
|Long lease property|77|57|
|Secureo income|111|122|
|Liability driven investment|831|746|
|Currency Hedging|(12)|-|
|Net current assets|8|18|
|Total assets|2,977|2,933|



|ey Assumptions|||
|---|---|---|
||31 March|31 March|
||2022|2021|
||% per annum|%perannum|
|Discount rate|2.79|2.15|
|Inflation (RPI)|3.59|3.29|
|Inflation (CPI)|3.20|2.86|
|Salary growth|4.20|3.86|
|Allowed for commutation of pension for cash|75% of|75% of|
|at retirement|maximum|maximum|
||allowed|allowed|



|he mortality assumptions adopted at 31 Mar|ch 2022 imply the following lif|e expec|tancies||
|---|---|---|---|---|
||Life||Life||
||expectancy||expectancy||
||at age|60|at age|60|
||(Years)||(Years)||
|Male retiring in 2022||21.1||21.6|
|Female retiring in 2022||23.7||23.5|
|Male retiring in 2042||22.4||22. 1|
|Female retiring in 2042||25.2||25. 1|





## 

## 

||2022|2021|
|---|---|---|
||£|£|
|Net movement in funds|(527,524)|7,190,149|
|Depreciation|16,156|31,289|
|Investment income|(2,247,578)|(2,455,088)|
|Interest paid|948,022|930,333|
|Net (gain)/loss on investments|(3,901,518)|(850,949)|
|Revaluation on investment properties|800,000|415,262|
|Impairment loss relating to estimate sales costs|17,100|-|
|(Proft)/loss on sale of property:, plant and equipment|(34,660)|2,152|
|Decrease in debtors|(37,941)|69,610|
|Decrease in creditors|(358,351)|(2.778,224)|
|Net cash provided by) (used in) operating activities|=f4Sr294)|£(5,845.446)|



|During the year the following amounts have been paid to Trustees in their operational|During the year the following amounts have been paid to Trustees in their operational|During the year the following amounts have been paid to Trustees in their operational|capacities.|
|---|---|---|---|
||2022||2021|
||£||£|
|Cohn Clarkson:||||
|Remuneration|||1.286|
|Denis Taylor (Executive Trustee):||||
|Remuneration|225.749|214.070||
|Christine Ennood:||||
|Remuneration|7.500|||





## 

|18.|FINANCIAL INSTRUMENTS|||
|---|---|---|---|
||Group|||
|||2022|2021|
|||£|£|
||Financial assets|||
||Financial assets measured at fair value through the|||
||Statement of Financial Activities|92.907.561|99.022.476|
||Financial liabilities|||
||Financial liabilities measured at fair value through the|||
||Statement of Financial Activities|3.174.101|5.428.225|
||Charity|||
|||2022|2021|
|||£|£|
||Financial assets|||
||Financial assets measured at fair value through the|||
||Statement of Financial Activites|92.907.561||
||Financial liabilities|||
||Financial liabilities measured at fair value through the|||
||Statement of Financial Activities|1Z41P1|5428.225|





## 

## 

|Group||||
|---|---|---|---|
|||2022|2021|
|||£|£|
|Not later than 1 year||1,250,051|1.039,887|
|Later than|1 year and not later than 6 years|3,401,194|3.827,356|
|Later than|5 years|14,715707|14,903,573|
|||19.366.952|j9j70.816|
|Charity||||
|||2022|2021|
|||£|£|
|Not later than 1 year||1,250,051|1039,887|
|Later than|1 year and not later than 5 years|3,401,194|3,827,356|
|Later than|5 years|14,715,707|14,903,573|
||||j9j70 816|



## 

## 



## 

||2022|2021|
|---|---|---|
||£|£|
|Organisations|||
|A Way Out|16,000|-|
|ABF The Soldiers Charity|25,000|25.000|
|Age Concern North Norfolk|10,000|-|
|Age UK Norwich|25,000|-|
|Age UK Teeside|-|25,000|
|Alice (Relief of Poverty and Advancement of Community)|25,000|-|
|Ambitious about Autism|10,000|-|
|Amy and Friends|10,000|-|
|Applecast|25,000|-|
|Bedfordshire and Luton Community Foundation|-|10,000|
|Blackburn Youth Zone|-|10,000|
|Blind in Business|10,000|-|
|Brain and Spinal Injury Centre|-|10,000|
|Brendoncare Clubs|10,000|-|
|Bridge Care|25,000|-|
|Buddy Bear Trust|250,000|10,000|
|BUILD Charity Ltd|10,000|-|
|Buttle UK|250,000|25,000|
|Buzzer Buses (Dial-a-Ride) Ltd|10,000|-|
|Calved Trust Exmoor|-|10,000|
|Calved Trust Keswick|-|10,000|
|Cancer Campaign in Suffolk|10,000|-|
|Care in Mind|10,000|-|
|Caritas Anchor House|25,000||
|Cathays and Central Youth and Community Project|-|10,000|
|Cerebral Palsy International Sports and Recreation Association|10 000|-|
|CPISRA)|||
|Cerebral Palsy Scotland|10,000|-|
|CHEXS|18,872|-|
|Children Today Charitable Trust|10,000|-|
|Clydesdale Community Initiatives|-|10.000|
|Community Drug and Alcohol Recovery Services|12,000|-|
|Connects & Co|10,000|-|
|CPotential|25,000|-|
|Crossroads North Argyll|10,000|-|
|Croydon Voluntary Association for the Blind (Aka Croydon Vision)|-|10,000|
|Derbyshire Carers Association|10,000|-|
|Disablement Association of Barking & Dagenham (DABD)|10,000|-|
|Discover U|10,000|-|
|Diverse Abilities|-|20,000|
|Docklands Sailing Centre Trust|-|10,000|
|East Northamptonshire Faith Group|10,000|-|





## 

|Enrych|-|10,000|
|---|---|---|
|Essex Dementia Care (EDC)||10,000|
|ESTEEM|25,000|-|
|FamHies Unted Network|10,000|-|
|Family Fund|1,025,000|25,000|
|Family Support Derbyshire|20,000|-|
|Florence Nightingale Aid in Sickness Trust|250,000|25,000|
|Follow Your Dreams Charity|-|10,000|
|Friends ofthe Elderly|1,000,000|-|
|Give a Dog a Bone... and an animal a home|10,000|-|
|Giving World|25,000|10,000|
|Grampian Autistic Society|10,000|-|
|Halo Children’s Foundation|10,000|-|
|Halow Project|-|10,000|
|Harlow Stroke Support-Rehab Centre|12,000|-|
|Headliners (UK)|24,831|-|
|Headway Norfolk & Waveney Ltd|10,000|-|
|Heel & Toe Children’s Charity|15,000|-|
|Home-Start Clackmannanshire|10,000|-|
|Home-Start High Peak|10,000|-|
|HopScotch Children’s Charity|23,206|-|
|Hospice of the Good Shepherd|-|10.000|
|HOUR Community|10,000|-|
|Independence at Home|1,000,000|10,000|
|Kangaroos Mid Sussex|10,000|-|
|Katharine House Hospice|18,000|-|
|Key Changes Music Therapy|15,000|-|
|Key Enterprises (1983) Limited||20,000|
|Kingston Carers Network|25,000|-|
|L’Arche|10,000|-|
|Launchpad Reading|-|10,000|
|Lifecentre|20,000|-|
|Lifelites|250,000|10,000|
|Little Gate Farm|20,000|-|
|Little Miracles Charitable Incorporated Organisation|24,272|-|
|Living Paintings|-|10.000|
|Longfield Hospice Care|15,000|-|
|Macmillan Caring Locally|10,000|-|
|MAIN|-|10,000|
|Meanwood Valley Urban Farm|-|10,000|
|Meningitis Research Foundation|10,000|-|
|Merlin MS Centre|25,000|-|
|Middlesex Association for the Blind|25,000||
|Minstead Trust|-|25,000|
|Multiple Sclerosis Therapy Centre NW|-|10,000|
|Musical Keys|10,000|-|
|Mustard Tree|-|10,000|
|Narthex Sparkhill|10,000|-|
|Newlife The Charity for Disabled Children|25,000|-|
|No5 Young People|25,000|-|





## 

|Noah’s Ark Children’s Hospice|-|10,000|
|---|---|---|
|North Norfolk Community Transport|10,000|-|
|Northumberland County Blind Association|-|25.000|
|Oakfield Enterprise|-|10000|
|Oakleaf Enterprise|25,000|-|
|Oasis Lords Hill (Running name Southampton City Farm)|10,000|-|
|Open Door Exmouth|10,000|10,000|
|Parkinsons UK|10,000|-|
|Phab Ltd|15,000|-|
|Purple Patch Arts|25,000|-|
|Rainbow Trust Children’s Charity|10,000|20,000|
|RAW Workshop|10,000|-|
|Reach Learning Disability|50,000|-|
|Read for Good|-|10,000|
|Royal Air Forces Association|20,000|-|
|Sebastian’s Action Trust|100,000|-|
|Sheltered Work Opportunities Project||10,000|
|SPEAR London|10,000|-|
|Sport 4 Life UK|15,000|-|
|St Mary’s Church, Bourne Street|50,000|-|
|St Mary’s Secret Garden|10,000|-|
|Stick ‘n’ Step|-|10.000|
|Stroud Court Community Trust|25,000|-|
|Stuart Low Trust|12,000|-|
|Sunshine Wishes Children’s Charity|10,000||
|Surrey Care Trust|-|10,000|
|Team Rubicon UK|-|10.000|
|Tees VaKey Community Foundation|-|50.000|
|Thames Hospice|146,000|-|
|The Association for the Rehabilitation of Communication and Oral Skills|1500||
|(ARCOS)|‘|-|
|The Autism Directory|-|10,000|
|The Blackthorn Trust|25,000|-|
|The Bodie Hodges Foundation|50,000|-|
|The Brainwave Centre|-|10,000|
|The Brendoncare Foundation|25,000|-|
|The east to west Trust|13,000|-|
|The Eric Liddell Centre|15,000||
|The Gellideg Foundation Group|-|10,000|
|The Greenbank Project|-|10,000|
|The Helpful Bureau|10,000|-|
|The Hextol Foundation|10,000|10.000|
|The JPX Sussex Project|-|25,000|
|The Katherine Low Settlement||25,000|
|The Life Project (Bath)|10,000|-|
|The Living Paintings Trust|14,500|-|
|The Living Room|10,000|-|
|The Markfi&d Project Limited|10,000|-|





## 

|The Meath Epilepsy Charity|25,000||
|---|---|---|
|The Mount Camphill Community Limited|10,000||
|The People Hive|10,000||
|The Peter Pan Centre for Children with Special Needs|20,000||
|The Princess Alice Hospice||10,000|
|The Rainbow Centre|10,000|-|
|The Road to Recovery Trust|12,000|-|
|The Rose Road Association|21,282|15,000|
|The Shallowford Trust|25,000|-|
|The Speedwell Trust|25,000|-|
|The Stable Family Home Trust|-|10,000|
|The Yard|-|10,000|
|Trauma Breakthrough|22,775|-|
|Treetops Hospice Trust|10,000|-|
|Treloar Trust|65,000|-|
|Trust Links Ltd|-|10,000|
|TTVS|-|10,000|
|Turning the Red Lights Green|25,000|-|
|Watford Sheltered Workshop|25,000|10,000|
|Wellspring Therapy & Training|20,000|-|
|Wish|10,000|-|
|Woodlarks Camp Site Trust|-|10,000|
|Yately Industries For The Disabled|-|10,000|
|YMCA Exeter Community Projects|10,000|-|
|Young and Inspired|-|10,000|
|Young Gloucestershire||10,000|
|Youth Concern|25,000|-|
|Zoe’s Place Baby Hospice|10,000||
||1.799.738|830000|





||2022|2021|
|---|---|---|
||£|£|
|Outstanding pledges|||
|Due within 1 year|||
|Individuals|||
|Organisations|530,500|1,578.676|
|Total due within 1 year|530,500|1578,676|
|Due greaterthan 1 year|||
|Organisations|40,000|86Z500|
|Total due greater than 1 year|40.000|86Z500|
|Total outstanding pledges||211?c|