**Charity registration number 1082295** **Company registration number 03935283 (England and Wales)** **THE LADY RYDER OF WARSAW MEMORIAL TRUST** **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2022** ## **THE LADY RYDER OF WARSAW MEMORIAL TRUST** ## **LEGAL AND ADMINISTRATIVE INFORMATION** |**Trustees**|Mr R M Frith FCA (Chairman)| |---|---| ||Dr M M Brykczynska| ||The Reverend R W Clifton| ||Mr AO Cumine| ||Mr M E Cutting FCA (Treasurer)| ||Lady A Hobhouse| |**Secretary**|Lady A Hobhouse| |**Charity number**|1082295| |**Company number**|03935283| |**Registered office**|Moorgate House| ||7 Station Road West| ||Oxted| ||Surrey| ||RH8 9EE| |**Independent examiner**|BGM Helmores Limited| ||Emperor's Gate| ||114a Cromwell Road| ||Kensington| ||London| ||SW7 4AG| ## **THE LADY RYDER OF WARSAW MEMORIAL TRUST** ## **CONTENTS** ||**Page**| |---|---| |Trustees' report|1 - 5| |Independent examiner's report|6| |Statement of financial activities|7| |Balance sheet|8| |Notes to the financial statements|9 - 15| ## **THE LADY RYDER OF WARSAW MEMORIAL TRUST** ## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 28 FEBRUARY 2022**_ The Trustees present their report and accounts for the year ended 28 February 2022. The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charity's governing document, the Companies Act 2006 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)” (as amended for accounting periods commencing from 1 January 2016). The Trustees confirm they have complied with their duty to have regard to the guidance on public benefit published by the Charity Commission in exercising their powers and duties. The charity meets the definition of a charity under the Charities Act 2011 as it works exclusively for charitable purposes and is for the public benefit, especially for the poor and sick people of Italy, Poland, France and UK. ## **Objectives and activities** The Charity was established by Lady Ryder in the last year of her life to assist and support the charitable work of bodies established for the purposes set out below in any part of the world, and in particular the charitable work established by Lady Ryder. The Charity's objects, as set out in its governing document are: - The relief of poverty; - The relief of sickness and any form of physical and mental disability of individuals; - The relief of the consequences of old age by providing facilities for the care of the elderly; - To provide education relating to the causes of and the means of relief of poverty, sickness, physical or mental disability and old age, to promote religious teaching, and in particular the beliefs and principles of the Christian Faith; - To care for refugees in any part of the world. The policies adopted in furtherance of these objects are the reserves and expenditure policy and the investment policy and there has been no change in these during the year. The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake. - 1 - ## **THE LADY RYDER OF WARSAW MEMORIAL TRUST** ## **TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 28 FEBRUARY 2022**_ ## **Achievements and performance** During the year I am pleased to report some new achievements and developments. I shall detail those below but firstly I wish to thank the trustees who have remained in office and worked hard to manage and promote the trust in accordance with its aims and objectives. Following on from my report last year, I should like to advise that we continue to develop our website www.lrwmt.org.uk. We have made some further plans in respect of celebrating the centenary of Sue Ryder’s birth in 2024. In Spring next year at the Polish embassy we are launching a biography of Sue Ryder to include detail of all the places she worked during her lifetime. It is called ‘A Life Lived for Others’ and the second section is entitled ‘the Work Continues’. This has never been put down in one place before. Our medical university scholarships continue and have expanded such that we are now supporting six students through university, encouraging social mobility. There will be other announcements during the year, some of which have not yet been finalised. In this financial year we are pleased to report our investments continue to recover having dipped at the outset of the covid pandemic and justify the investment management fees. Finally, thanks go to all my co-trustees, in particular Ruth Young, who undertakes the day-to-day administration so effectively and efficiently. As we near the centenary of Sue Ryder’s birth I hope to report more next year as our plans become fixed. ## **Reserves and Grant Making policy** It is the policy of the charity to retain the original legacy and any subsequent gifts and legacies as reserves. These are invested to provide an annual income which is to be distributed. The charity’s primary source of income is currently derived from the returns (dividends and interest) generated from these investments. The Trustees continually review the investments, together with their investment advisors, with the aim of preserving capital while maintaining income in order to pursue the Trust’s objectives. In respect of the restricted fund, which almost entirely relates to Poland, the trustees will from time to time relax the policy in place for the general fund and reduce that fund accordingly. However this will be done mindful of having sufficient ongoing funds to support future activities. ## **Investment Policy** Investments are held primarily to provide an investment return for the charity. The Trustees rely on the Investment Manager to maintain the purchasing power of the funds invested while generating a reasonable income. In order to achieve this, the Investment Manager aims for a diversified and balanced portfolio with no speculative or risky investments. The investment policy is reviewed regularly and the Trustees’ attitude to risk is low. - 2 - ## **THE LADY RYDER OF WARSAW MEMORIAL TRUST** ## **TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 28 FEBRUARY 2022** ## **Financial review** It is policy of the charity not to actively raise funds or seek funding thus consequently it retains its reserves as far as possible. Income is derived from one-off legacies and investment income from its own general capital. The charity has a responsibility to provide funding for activities overseas. These activities are in Poland, Italy and France, where funding and the supply of medical equipment and consumables are restricted. Therefore the trustees consider that expenditure should match capital growth and income generated in the year. If there is a specific large project to fund within the remit of the charity's activities then the trustees have the discretion to reduce the capital. In respect of the unrestricted fund we supported far ranging activities such as asthma relief, the provision of medicine in Italy and specialist care work for children in the UK. During the year we supported charitable activities in Poland in relation to the restricted fund, such as further development work at the home in Pierzchnica. At the time of our year end you will all recall that war broke out in Ukraine causing millions to flee. We were able to provide funds in the region of £50,000 from our restricted fund to support four charitable organisations in Poland. This was as much as we could do at the time and in emergency to support those in need. |.||| |---|---|---| ||2022|2021| |Total income for theyear|£109,614|£347,016| |||| |Direct charitablepayable|£133,660|£175,701| |Other costs|£4,970|£4,750| |Total costs|(£138,630)|(£180,451)| |Netgains/(losses)on investments|£153,231|£93,569| |Net surplus/(deficit)|£124,215|£260,134| ## **Reserves** The total reserves held by The Lady Ryder of Warsaw Memorial Trust amount to £3,597,448 (2021 - £3,473,233) of which £782,940 is restricted (2021 - £747,005). The purpose of these reserves is to allow it to continue to maintain and develop the Charity. ## **Plans for the future** We shall continue to support projects which we know the Founder would have supported in accordance with our objectives. We shall also spend time and perhaps some resources on trying to secure the Sue Ryder ethos and keep alive the memory of the incredible work done by the Founder. In particular we hope that with further fund raising and sponsorship we will be able to increase the numbers of medical students we wish to support and be ready to support to any other humanitarian events which may occur throughout the world. This report has been prepared in accordance with the Statement of Recommended Practice – Accounting and Reporting by Charities and in accordance with the special provisions relating to small companies within part 15 of the Companies Act 2006. - 3 - ## **THE LADY RYDER OF WARSAW MEMORIAL TRUST** ## **TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 28 FEBRUARY 2022**_ ## _**Risk management**_ The principal risks faced by the Trust lie in the performance of investments held by the charity, the uncertainty of future voluntary income and the operational risk of grants payable to Trusts in Poland, Italy and France being payable in foreign currencies. The investment risk is mitigated by retaining experienced investment managers and having a diversified investment portfolio. The Trustees rely on the Investment Manager to maintain the purchasing power of the funds invested while generating a reasonable income. In order to achieve this, the Investment Manager aims for a diversified and balanced portfolio with no speculative or risky investments and capital preservation should be sought at all times. The investment policy is reviewed regularly and the Trustees' attitude to risk is low. The Trustees have assessed the major risks to which the Charity is exposed and are satisfied that systems are in place to mitigate exposure to major risks. In order to identify relevant risks and appropriate controls the following matters were considered: - - the charity's objectives and strategies; - the nature and scope of the charity's activities; - external legislation and regulations; - performance of the investments; - the operating structure of the charity; and - comparison with other similar-size charities or those working in the same sector. ## **Structure, governance and management** The Charity was incorporated as a company limited by guarantee without a share capital on 23 February 2000. And registered as a charity in England and Wales. The registered company number is 3935283 and the registered charity number is 1082295. The registered office and principal address of the reporting entity is Moorgate House, 7 Station Road West, Oxted, Surrey, RH8 9EE. The articles of association is the governing document for the charity, which meets the definition of a charity under the Charities Act 2011 as it works exclusively for charitable purposes and is for the public benefit, especially for the poor and sick people of Italy, Poland, France and England. The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: Mr R M Frith FCA (Chairman) Dr M M Brykczynska The Reverend R W Clifton Mr AO Cumine Mr M E Cutting FCA (Treasurer) Lady A Hobhouse The appointment and induction of new Trustees is reviewed reguarly to cover areas of expertise required by the charity. The training requirements of current Trustees are reviewed regularly at Trustees meetings. None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up. The organisation structure of The Lady Ryder of Warsaw Memorial Trust consists of a board of Trustees and advisors who meet on a regular basis to consider and review the charity's activities, general progress and current financial position. Decisions are then made on matters such as the investment of the charity's funds, grants payable and the level of reserves appropriate to each fund in order to meet their objectives. - 4 - THE LADY RYDER OF WARSAW MEMORIAL TRUST TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORn FOR THE YEAR ENDED28FEBRUARY2022 The Trustees, vtho are also the dweLtors of The Laty Ftyder CY Wa￿w fvlem(￿l Trust ts the purp)se of c£rfnpany law. are respcrfwble for prepariry thè TTr￿, RerNNi and the finanLial slalemenls In acccrdanc? with Practice). falr Niew 01 the stste d affairs of the Qwrity 8ThJ of fv Inc>yrthng restyjrces aPF4lcatkn d resources. IncludlrwJ the Incm arml t4￿%￿1Ure, c*wilth corywry tha year. . ob8fft the mellKxls and winoFles in the Chwilies S￿. Chaty*il e￿o￿U0 kn opernkn. any twne the finan(yal pos￿ of the Chty and enable to ensu￿ thal finanual statements with ccrnpani￿' exew'on. R M Filth FCA (Chairnwi) Dated: ...an.th... 202% THE LADY RYDER OF WARSAW MEMORIAL TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE LADY RYDER OF WARSAW MEMORIAL TRUST Tnjst (the cha￿ty) ftrthe year orwjed 28 Feiw 2022. R￿pOnSIbIlI(le1 aftd baBI8 of rewt As the Trustees of the Charity (and al%) ks dYecl(xs for the PufF￿e$ d C￿7panY law) we Tesponsoble ftt the preparation of tha finanaal slatamants in aCt￿danc8 *ilh tha raquw8nwts crf th8 Cunpani8s 2006 (the 2(M)6 Having satsfied mysef that the finaniial statem￿ of the Chafrty are not requir&J to be audiiay undèr Part 16 of tr* 2006 Act and are e43ible for Indep￿ exarn1na1i(￿. I reFrfXt in respect d my exanmnation cl the Charltys finanoyal 5tatsments carried ¢Jrt uTrJer sodkin 145 cl the Charibes Ad 2011 (the 2011 Adl. In orrying ￿t my of the 2011 Act. Ind•pMd•nt examln•eM st•t•m• oxamlnation glvlng me Cause lo belleve: the financial statemerts (lo accord with those ￿ c the fman(ia statements do nLrt c(ryty *ilh the accounting reqLMl￿n￿ts of section 396 ofthe 2(#]6 Act other th8n any requthent that the al￿)Unts ￿ a true tsir nc4 a matter c£+)sidered as partof an independent examination: or the fina￿4a1 statements have ncrt twn kv¢prnl in accLY(larKe *ith fv mellK*Js and princAp*s of the skntwwt of Re¢ommended Prad1￿ acuwnlhig and rBrnrtkng ty che•lties apr4cabk lo chwIt￿8 preparing ther accounts ￿ ar￿A￿e& ¥Ath the Fin•K4al Repyting St￿91￿ in the UK Re￿￿¢ ot Ireland (FRS 1021 I have no c(￿CemS 8nd have rxNne across Th) other matters in c(mnel*c￿ ￿ the examinabon to whlth attenyon 8houkJ be dr8wn in this TeFQrt in ¢xder to enoble g uNknlwvJiry ofts finwgal statem￿ts to be reached. Marf( Cole FCA Independent Emmlmr BGPI H•lmor•• Llmlt•d Empwovs Ggk 114a Crwtwel Road Konsin￿ Lond SW7 4AG ## **THE LADY RYDER OF WARSAW MEMORIAL TRUST** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 28 FEBRUARY 2022**_ |**Unrestricted**
**Restricted**
**funds**
**funds**
**2022**
**2022**
**Notes**
**£**
**£**|**Unrestricted**
**Restricted**
**funds**
**funds**
**2022**
**2022**
**Notes**
**£**
**£**|**Unrestricted**
**Restricted**
**funds**
**funds**
**2022**
**2022**
**Notes**
**£**
**£**|**Total**
Unrestricted|**Total**
Unrestricted|Restricted|Total| |---|---|---|---|---|---|---| ||**funds**|**funds**||funds|funds|| ||**2022**|**2022**|**2022**|2021|2021|2021| ||**£**|**£**|**£**|**£**|**£**|**£**| |**Income and endowments from:**||||||| |Donations and legacies
**2**|4,318|3,099|7,417|264,851|-|264,851| |Investments
**3**|81,073|20,991|102,064|62,984|19,025|82,009| |Other income
**4**|133|-|133|156|-|156| |||||||| |||||||| |**Total income**|85,524|24,090|109,614|327,991|19,025|347,016| |**Expenditure on:**||||||| |||||||| |Charitable activities
**5**|116,021|22,609|138,630|118,441|62,010|180,451| |Net gains/(losses) on
investments
**10**||||||| |||||||| ||118,777|34,454|153,231|73,194|20,375|93,569| |||||282,744||| |||||||| |**Net movement in funds**|88,280|35,935|124,215||(22,610)|260,134| |Fund balances at 1
March 2021
**Fund balances at 28**
**February 2022**||||||| ||2,726,228|747,005|3,473,233|2,443,484|769,615|3,213,099| |||||||| |||||||| ||2,814,508|782,940|3,597,448|2,726,228|747,005|3,473,233| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. - 7 - ThE LADY RYDER OFWARSAW MEMORIAL TRUST BALANCE SHEEr ASAT28FEBRUARY2022 Unaud#4d 2021 Flx•d 11 1539.641 3,409,869 Dabttys . Cash at bank and in hwKI 12 17.584 45.9)3 15.220 70,404 61467 85,624 13 {5.e60) (22260) 57.807 7.448 1473233 Incon￿ fund• Rethctgj fvrvjs 782,940 2,814.508 747,￿5 2,726.228 8.597,448 3,473,233 2006. for the end￿1 28 Ffjtrfiw 2022. The &ir8eth a¢kntrMedge th* rgsprffjsli**s *ith the requwements of the c￿￿lanIe8 A(a 2(K6 The member5 have ￿t reqtllYvJ the (%*rw¥y lo autht of ststwY**s fty Ihts year In queskn accordance with %cliw 476. to tho smal Lwip8nies regwne. finwrial statem 2022 Mr R IA Frilh FCA (Chainrw) Tru8t•• M E Cuttmg FCA ffroasu **THE LADY RYDER OF WARSAW MEMORIAL TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 28 FEBRUARY 2022**_ ## **1 Accounting policies** ## **Charity information** The Lady Ryder Of Warsaw Memorial Trust is a private company limited by guarantee incorporated in England and Wales. The registered office is Moorgate House, 7 Station Road West, Oxted, Surrey, RH8 9EE. ## **1.1 Accounting convention** The accounts have been prepared in accordance with the Charity's governing document, the Companies Act 2006 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)” (as amended for accounting periods commencing from 1 January 2016). The Charity is a Public Benefit Entity as defined by FRS 102. The Charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £. The accounts have been prepared under the historical cost convention, modified to include the revaluation of investments and certain financial instruments at fair value. The principal accounting policies adopted are set out below. ## **1.2 Going concern** At the time of approving the accounts, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the accounts. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. ## **1.4 Incoming resources** Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. - 9 - ## **THE LADY RYDER OF WARSAW MEMORIAL TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 28 FEBRUARY 2022**_ ## **1 Accounting policies** ## **(Continued)** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use. ## **1.5 Fixed asset investments** Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred. ## **1.6 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. ## **1.7 Financial instruments** The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. ## _**Basic financial assets**_ Basic financial assets, which include debtors 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. Financial assets classified as receivable within one year are not amortised. ## _**Basic financial liabilities**_ Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. - 10 - ## **THE LADY RYDER OF WARSAW MEMORIAL TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 28 FEBRUARY 2022**_ - **1 Accounting policies** ## **(Continued)** ## _**Derecognition of financial liabilities**_ Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled. ## **1.8 Taxation** The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable activities. ## **2 Donations and legacies** |**Unrestricted**
**Restricted**
**funds**
**funds**
**general**
**2022**
**2022**
**£**
**£**|**Unrestricted**
**Restricted**
**funds**
**funds**
**general**
**2022**
**2022**
**£**
**£**|**Unrestricted**
**Restricted**
**funds**
**funds**
**general**
**2022**
**2022**
**£**
**£**|**Total**
Unrestricted|**Total**
Unrestricted| |---|---|---|---|---| ||**funds**|**funds**||funds| ||**general**|||general| ||**2022**|**2022**|**2022**|2021| ||**£**|**£**|**£**|£| |||||| |Donations and gifts|1,033|3,099|4,132|2,500| |Legacies receivable|3,285|-|3,285|262,351| |||||| |||||| ||4,318|3,099|7,417|264,851| |||||| |||||| |||||| |**Legacies receivable**||||| |Other|3,285|-|3,285|262,351| |||||| |||||| ||3,285|-|3,285|262,351| ## **3 Investments** |**Unrestricted**
**Restricted**
**funds**
**funds**
**general**
**2022**
**2022**
**£**
**£**
Income from listed
investments
81,073
20,991|**Unrestricted**
**Restricted**
**funds**
**funds**
**general**
**2022**
**2022**
**£**
**£**
Income from listed
investments
81,073
20,991|**Unrestricted**
**Restricted**
**funds**
**funds**
**general**
**2022**
**2022**
**£**
**£**
Income from listed
investments
81,073
20,991|**Total**
Unrestricted
Restricted|**Total**
Unrestricted
Restricted|**Total**
Unrestricted
Restricted|Total| |---|---|---|---|---|---|---| ||**funds**|**funds**||funds|funds|| ||**general**|||general||| ||**2022**|**2022**|**2022**|2021|2021|2021| ||**£**|**£**|**£**|£|£|£| |||||||| ||81,073|20,991|102,064|62,980|19,025|82,005| |Interest receivable|-|-|-|4|-|4| |||||||| |||||||| ||81,073|20,991|102,064|62,984|19,025|82,009| - 11 - ## **THE LADY RYDER OF WARSAW MEMORIAL TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 28 FEBRUARY 2022**_ |**4**
**Other income**|**4**
**Other income**|**4**
**Other income**|**4**
**Other income**| |---|---|---|---| |**Unrestricted**
Unrestricted
**funds**
funds
**general**
general
**2022**
2021
**£**
£
Other income
133
156|||| |||**funds**|funds| |||**general**|general| |||**2022**|2021| |||**£**|£| ||||| |||133|156| ||||| ||||| |**5**
**Charitable activities**|||| |Grant funding of activities (see note 6)
Share of support costs (see note 7)
Share of governance costs (see note 7)
**Analysis by fund**
Unrestricted funds - general
Restricted funds|||| ||||| |||**2022**|**2021**| |||**£**|**£**| ||||| |||91,431|137,844| ||||| |||42,229|37,857| |||4,970|4,750| ||||| ||||| |||138,630|180,451| ||||| ||||| |||116,021|118,441| |||22,609|62,010| ||||| ||||| |||138,630|180,451| ||||| ||||| |**6**
**Grants payable**|||| |Educational grants
Humanitarian grants
Total grants to institutions||27,350|14,800| |||64,081|123,044| ||||| ||||| |||91,431|137,844| ||||| ||||| |||91,431|137,844| - 12 - ## **THE LADY RYDER OF WARSAW MEMORIAL TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 28 FEBRUARY 2022**_ ## **7 Support costs** |**Support**
**costs**
**Governance**
**costs**
**£**
**£**|**Support**
**costs**
**Governance**
**costs**
**£**
**£**|**Support**
**costs**
**Governance**
**costs**
**£**
**£**|**2022**|**2021**
**Basis of allocation**
**£**
11,510
770
278
704
260
23,566
229
540
-
4,750
Governance
42,607
**-**
42,607| |---|---|---|---|---| |||||| ||**£**|**£**|**£**|| |||||| |Administrative costs|11,615|-|11,615|| |Miscellaneous costs|246|-|246|| |Computer expenses|1,464|-|1,464|| |Insurance costs|632|-|632|| |Postage and stationary|892|-|892|| |Investment management
fees||||| ||27,168|-|27,168|| |Bank charges|212|-|212|| |Legal and professional|-|-|-|| |Accountancy and
Independent examination
fee||||| ||**-**|4,020|4,020|| |Audit fee|-|950|950|| |Analysed between||||| ||42,229|4,970|47,199|| |||||| |Fundraising
-|-|-||| |Charitable activities|42,229|4,970|47,199|| ## **8 Trustees** None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year. No trustee expenses were incurred during the reporting period (2021: Nil) ## **9 Employees** The average monthly head count/number of employees during the year was: ||**2022**|**2021**| |---|---|---| ||**Number**|**Number**| |Total|-|-| During the year to 28 February 2022 there were no employees who received employee benefits (excluding employer pension costs) of more that £60,000. - 13 - ## **THE LADY RYDER OF WARSAW MEMORIAL TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 28 FEBRUARY 2022**_ ## **10 Net gains/(losses) on investments** |**Unrestricted**
**Restricted**
**funds**
**funds**
**general**
**2022**
**2022**
**£**
**£**
Revaluation of
investments
91,480
29,233|**Unrestricted**
**Restricted**
**funds**
**funds**
**general**
**2022**
**2022**
**£**
**£**
Revaluation of
investments
91,480
29,233|**Unrestricted**
**Restricted**
**funds**
**funds**
**general**
**2022**
**2022**
**£**
**£**
Revaluation of
investments
91,480
29,233|**Total**
Unrestricted|**Total**
Unrestricted|Restricted|Total
2021
£
112,470| |---|---|---|---|---|---|---| ||**funds**|**funds**||funds|funds|| ||**general**|||general||| ||**2022**|**2022**|**2022**|2021|2021|| ||**£**|**£**|**£**|£|£|| |||||||| ||91,480|29,233|120,713|94,375|18,095|| |Gain/(loss) on sale of
investments|||32,518||2,280|| ||27,297|5,221||(21,181)||(18,901)| |||||||93,569| ||118,777|34,454|153,231|73,194|20,375|| ## **11 Fixed asset investments** |**Listed**
**investments**
**Listed**
**Investments**
**Restricted**
**£**
**£**
**Cost or valuation**
At 1 March 2021
2,676,363
733,506
Additions
167,846
20,265
Valuation changes
91,480
29,233
Adjustments
6,086
3,219
Disposals
(164,971)
(23,386)
At 28 February 2022
2,776,804
762,837
**Carrying amount**
At 28 February 2022
2,776,804
762,837
At 28 February 2021
2,676,363
733,506
**12**
**Debtors**
**2022**
**Amounts falling due within one year:**
**£**
Other debtors
17,564
**13**
**Creditors: amounts falling due within one year**|**Listed**
**investments**
**Listed**
**Investments**
**Restricted**
**£**
**£**
**Cost or valuation**
At 1 March 2021
2,676,363
733,506
Additions
167,846
20,265
Valuation changes
91,480
29,233
Adjustments
6,086
3,219
Disposals
(164,971)
(23,386)
At 28 February 2022
2,776,804
762,837
**Carrying amount**
At 28 February 2022
2,776,804
762,837
At 28 February 2021
2,676,363
733,506
**12**
**Debtors**
**2022**
**Amounts falling due within one year:**
**£**
Other debtors
17,564
**13**
**Creditors: amounts falling due within one year**|**Listed**
**investments**
**Listed**
**Investments**
**Restricted**
**£**
**£**
**Cost or valuation**
At 1 March 2021
2,676,363
733,506
Additions
167,846
20,265
Valuation changes
91,480
29,233
Adjustments
6,086
3,219
Disposals
(164,971)
(23,386)
At 28 February 2022
2,776,804
762,837
**Carrying amount**
At 28 February 2022
2,776,804
762,837
At 28 February 2021
2,676,363
733,506
**12**
**Debtors**
**2022**
**Amounts falling due within one year:**
**£**
Other debtors
17,564
**13**
**Creditors: amounts falling due within one year**|**Total**
**£**
3,409,869
188,111
120,713
9,305| |---|---|---|---| ||**£**|**£**|| ||||| ||2,676,363|733,506|| ||167,846|20,265|| ||91,480|29,233|| ||6,086|3,219|| ||(164,971)|(23,386)|(188,357)| ||||3,539,641
3,539,641
3,409,869
**2021**
**£**
15,220
**2021**
**£**
22,260| ||2,776,804|762,837|| ||||| ||||| ||2,776,804|762,837|| ||||| ||2,676,363|733,506|| ||||| |||**2022**|| |||**£**|| ||||| |||17,564|| ||||| |**13**
**Creditors: amounts falling due within one year**|||| |Accruals||**2022**|| |||**£**|| ||||| |||5,660|| - 14 - ## **THE LADY RYDER OF WARSAW MEMORIAL TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 28 FEBRUARY 2022**_ |**14**
**Analysis of net assets between funds**|**14**
**Analysis of net assets between funds**|**14**
**Analysis of net assets between funds**|| |---|---|---|---| |**Unrestricted**
**funds**
**Restricted**
**funds**
**£**
**£**
Fund balances at 28 February 2022 are represented by:
Investments
2,776,804
762,837
Current assets/(liabilities)
37,704
20,103
2,814,508
782,940|||**Total**| ||||| ||**£**|**£**|**£**| ||||| ||2,776,804|762,837|3,539,641| ||37,704|20,103|57,807| ||||| ||||| ||2,814,508|782,940|3,597,448| ## **15 Related party transactions** There were no disclosable related party transactions during the year (2021 - none). - 15 -