Reglytered Charity Mo: 1082765 THE SLAUGHTER AND MAY CHARITABLE TRUST Report and flnanclal statements for th• year endod 5 Aprll 2022 41533¢3
Contents P8go8 Charlty d•tall8 Trusto&'• r•port Audltor'8 r•port Slal•ment of flnanclal •cllvltlo• Balanc• •h••t 10 Ca•hfl¢>w #tatoment 11 Not•# to thg Ilnanclal •tst•monts 12-19
THE SLAUGHTER AND MAY CHARITABLE TRUST Delails of th8 Charity's Trustee and Advisors Trnst•è Slaughter and May Tru8t Limiteii R•gist•rod Charity Number 1082765 Prlnclpal Offlce 2 Lambs Passage London EC1Y8BB Audltor Moore King$lon Smith LLP 9 Appold Street London EC2A 2AP Sollcltovj Slaughler and May One Bunhill Row London EC1Y 8YY Bank¢rn National Westmin8ler Bank PLC 15 Bishopsgate London EC2N 3NW
THE SLAUGHTER AND MAY CHARITABLE TRUST Trustee's report for the year ended 5 Aprll 2022 The trusttse of The Slaughter and May Charitable Trust Ithe'charity I presents its report and audrted financial statements lor the year ended 5 April 2022, which have been prepared in accordance w(th the FRS 102 SORP and the Charities Act 2011. Gov•rnlng documènt The Charty is a registered charity and Ss governed by declaration of trust dated 28 March 1991, as amended by a supplemental deed dated 21 August 2000. The Slaughter and May Charitsble Twsl was registered as a ¢hartty on 5 October 2000. ObJoctlv•s and Actlvltl The objects ¢1 ihe Charity as stated In Its con81ilutlng deed are lo pay or apply the incoma rece+ved and the whole or such part or parts of the capltsl of the trust fund as the trustee shall in 115 discretion think fil lo or for the benefit of such excluslvely charitable obje¢ls and purposes in the United Kingdom or In any other part of the world as the partners for the lime being in the flrm of Slaughter and May May frorn tlme to lime direct or as the trustee shall in its discretion think fil provided always that nothbng contsined in the conslhuting deed shall authorise the trust89 10 appty any part of the trust fund or the income thereof to or for the benefrt of any obje¢ls or purposes as aforesaid save those regarded as charllable by the laws of Englsnd and Wales. The Charty 58 reliant on Its key donors, the partners ol Slaughter and May. 1 administr&tlve nd other office support 15 provided by Slaughter and May. The current strategy is lo dlslrlbule 911 Income received on an annual basls. Dlrecl charllable grants are made lo sele¢t¢d applicants lor chadtable purposes for the benefit Of the public al the discretion of the trustee. Further grants are made to miscellaneous charities for other reasong bul parti¢ular1y to Incenlivise Slaughter and May employees in charitable deed8. By donatsng to charitable purposes for the benefit of the public the trustee has complied wth the harity Commission's gubdance on public benefit, Including the guidance 'public bunefil.. runnlng a charrty IP821'. Oryanls8tlonal 8tructurn and grant maklng pollcy The Iruslee of the Charity is Slaughter and May Trust Lirniled, a company whose directors are all Partners in Slaughter and Msy. The trustee operates through a Committee of 519 Board comprlsing up to six current Partner5 of Slaughter and May IG O'Keefe, l.A.M. Taylor. J.S. Nevin, R.A. Byk and D,G Walkin$} all of thom have been nomin81ed by the trustee. All current wnembers of th& C¢)rnmttiee have served throughout the financlal year ended 5 April 2022 other than Q O'Keefe who was appointed on 1 May 2021 and D.Q Walkins who was appointed on 9 March 2022. In addillon, C. A. Connolly and D. E Robertson reslgned from the Committee lon 30 April 2021 and 20 January 2022 respectively). J.S. Nevin became chair of the Committee followng the resignation of D.E.Robertson from the Commrttee.
THE SLAUGHTER AND MAY CHARITABLE TRUST Trustee's report for the year ended 5 Aprll 2022 {continued) Since the Committee 1$ Composed of Partners of Slaughter and May lor retired Partners of Slaughter and May) no formal additlonal trustee training is considered necessary. The Commrttee makes annu81 grant$ at ts disetIon lo a small number of $pe¢ific eharitsble causes and does not generally a¢cepl unsolicited funding 8ppllcallons. Other than the level of annual income, no limrts are Imposed on the size of the gTanl5. R•vl•w of actlvltlas Durfng Ihe year lo 5 April 2022, the Charity provlded support to charttable work In accordance wth its objects and strategy. Income 01 £573,551 was recelved durfng the year12021 £412,112>. This funding i¥ applied lo furthersn9 the objects of the Charity and the trustee made grants tolalling £513,551 during the year12021 £526,912}. The nel movement in fvnds dullng the year to 5 April 2022 was an increase of £60,00012021 decrease of £120,000), as shown In the 8ts1ement of financial activllles. Al the year end the Charity has net liabilities of £59,99012021 nel liabilities of £119,990). The net liabilities comprised the £10 initial capitsl sum less grants of £60,000 which the Charity has committed lo paying but which are not payable until subsequent years. IThese will be paid from don8tiong received in the year In whlch payments are due.) See the reserves policy and risk management below. The Charity's aim is to distribute all income received, leavlng the inS1ial balance of £10 remaining, Other than those liabilities arising from the practice ol accounting lor donations in the year of inrtlal comrnilment. the Charity has achieved Its oblectSve. Pln for fure developments In the coming year, the Charty will conts'nue to provide charltable 5UPPQrt in accordance wlh its objects. Any unrestricted funds held at th• year fjnd ar• retained lo flnance the Charrws policy of charftable support. Roserves pollcy and rlsk manag•ment It is the intenlipn of the Trust to distribute all donations received as grants annually wlth the exception of the initial £10 capital sum. Any balance or deficit at the year end Ss due to short term liming dyerenCes. The trustee continue5 to consider the risks affecting the Charity and takes Steps lo minlmise those risks when required. The most significant risk to the Charty is that of potential misappropriation of funds. A5 far as possible, duties have been segregated to minimise this risk.
THE SLAUGHTER AND MAY CHARITABLE TRUST Trustee's report for the year 8nded 5 April 2022 (contlnued There is also a risk that donations in fijture years wll not be sufficient to meet the future commthents made in the current year. When such futu (long lerml commitments have been made, assurances have been given by the Partners of Slaughter and May that these ommitsnents wlll be meL Ststsment of tru$tee'# r•8ponJlbSlttles The Iru$lee 15 responsible for preparlng the Trustee's Report and the financial statements in accordance with applicable law and United Kingdom Accounting Stsndards (Unrted Kingdo Generally Accopled Accounllng Prath'cel. The law appllcable to ¢harilles in England and Wales requireg the trustee to prepare financial slalemenls for each financial year which glve 8 true and fair view of the stale of affairs of the charity and of the in¢oming re50urBes and application of resourcés, induding income and expenditure, of the charity for that period. In preparlng these flnancl81 statements, the Iruslee is required lo.. select suitable accounting policias and then apply them consistently., observe the methods and prlnciples in the Charities SORP., make iudgemenl8 and e81imatey that are rea90n8ble and prudent., stste ether appllcable UK Accounllng Standards have been followed, subject lo any material departures disc108ed and explalned in the flnancial statements., prepare the financial statements On the going con¢ern bas[$ unless il Is inapproprfate lo presume that the charity will continue in business. The trustee 18 responsible for keeping proper accountlng records that disclose with reasonable accuracy al any lime the financial posilitsn of the charity and enable them to ensure that the financial stslemenls comply with the chalIeS Act 2011 and the provisions of the trust deed. They are a150 responsible for safeguarding the assets of the chartty and hence for taking reasonable slep5 for the prevention and detection of fraud and other irregularkles. On behalf of th• trtte Dlroctor of Slaughter and May Trust Limited 2023
THE SLAUGHTER AND MAY CHARITABLE TRUST Independent auditor's report to the trustee of The Slaughter and May Charitable Trust Opinion We have audited the fin8nual statements of The Slaughter and May Charitable Trust for the year ended 5 April 2022 which comprise the Statement of Financial A'V'es, the Balance Sheet and notes to the financial ststern&nts, including a Summary of significant a¢¢ounting policles. The ff nancial reporting framework that ha¥ been applied in their preparation is applicable law and United 'ngdoM Accounting Standards, includlng FRS 102 'The Finanual Reporting Standard Applicable in the UK and Republic of Ireland, (United lfjngdom Generalty Accepted Accountsng Practice). In our opinion the financial statements.. give a true and fair view of tha stste of the charlly's affairs as al 5 April 2022, and of Its ncomlng resources and appllGallon of resource8, for th& year then ended- have been properfy prepared in accordance wllh United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance the requirement$ of the Chadlies Act 2011. Ba•1$ for oplnlon We conducted our audit in accordance wlh International Standards on Auditing IUKI IISASIUKII and applicable 18w. Our responsibilities under thoge standards are further described in the Audilor'g Responsibllille8 for the 8udlt of the financlal statements section of our report. We are independent of the charity in accordance wth the ethical requirements that arè relevant to our audit of the financial slalements in the UK, includlng the FRC'S Ethlcal Standard, and we have luifilled our other elhlcal re8pon$lbllllies in accordance wth these requirements. We believe that the audrt evidence we have obtained 1$ sufficient and approprlate lo provide a bg9i8 for our opinion. Con¢lu8lon• r•l8tlng to golng concern In audillng the flngnclal glalemenls. we have concludèd that the trustee's use of the gdng concem ba¥iB of accountfng In the preparatlon of the financial statements is approprtate. Based on the work we have perfomie(I, have not identlfied any rnalerial uncertainties relating to evenl8 or condrtions that. indlvidu3lly or collectively, may 81 signiflcanl doubl on the charity's ability lo continue as a going concern for a period of at least Iwelve months from en the financial slalements are aulhorised for i58ue. Our responslbSllfjes and the respon51bllltSe3 of the trustee wth respect to golng cohcem are descnbed In the relevant sections of this report. Other Infomlatlon The other inlDrmation comprises the infomiation included in the annual repgrt, other than the financial statements and our auditor's report thereon. The trustee is responsible for the other iftformation. Our opinion on the financial 81atemenls doe5 not cover the other infomiation and,
THE SLAUGHTER AND MAY CHARITABLE TRUST except lo the extent otheIs explicrfly staled in our report, we do not express any form of assurance conclusion Ihereon. In connection wlh our audit of the financial ststements, our responsibilty 15 to read the other infomalion and, in doing $0, consider thelher the other Snformalion is materially inconsistent with the financial slalements or our knovAedge obtsined in the audit or othetWi5e appears to be m8ltsrially misstated. If we identity such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the finan¢i81 stslements or a material misstalemenl of the other information. If, based on the work we h8ve pertOTmed, we Conclude that there 13 a material misstalemenl of Ihis Other information. we are required to report that fact. We have nothing lo report in thi8 regard. Mitt•rn on vthich w• 8r• r•qulr•d to roport by •xcoption We have nothing lo report in respect of th• followng matters where the CharMle8 Act 2011 require8 us lo port to you if. in OUT opinion.. the Information given in the Trustee's Annual Report Is Sncon81slenl In any materfal Taspecl wlh the financlal statements,. oi the charity has not kept adequate aecounlng records.. or the flnanci81 statem•nl3 gre not In agreement wlh the accounting record8 and retum8', we have not recelved all the infomi*'on and explanations we required for our audit. R•¥pon•lbllltle• of trujte As explained more fully in the Iruslee'8 re8pon8ibllille5 51alernent, the trustee is responsible for the preparation of the financial statements and loi being salisfled that they give a true and fair ew, and lor $u¢h internal Control 88 the trustee determines is necessary to enable the preparation of financlal $talemenl$ that are free ftom material misstatement, eteT due to fraud or error. In preparing the financial slatemenls, the trustee is responsible for assessing the charity's abllily to continue a5 a going concern, disclosing, a8 applicable, matters related to golng concern and uglng the golng concem bas1$ ol accounting unless the trustee either intends to liquidate the harily or to cease operations. or has no realistic alternative but lo do $0. Audltor'8 r8spon¥lbllltlèg for th• audlt of th8 financlal •t•tom•nts We have been appointed a5 auditor under Section 144 of the Charities Acl 2011 and report in accordance w(Ih regulations made under section 154 of th8tAct. Our objecliveg are to ebtsln reasonable assurance about whether the financial statements as a vthole are free from material misstatement, whether due to fraud or eryor, and to Issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance. bul is not a guarantee that an audit conducted in accordance with ISAS IUKI wll always dete¢l a Tnaterial misststement when il exists. Misstatements c8n arise from Iraud or error 8nd ar&
THE SLAUGHTER AND MAY CHARITABLE TRUST considered materlal 11, indbvldually or In aggregate, they could reasonably be expected to influence the e¢onomic decisions of users taken on the basis of these financial stslements. Irregularrties, including fraud, aTe in5tsnces ¢f non-compliance with laws and regulation5. We design procedures in line with our ¥esponsibilities, outlined above, lo delect material misstalemenls in respect of irregularities, including fraud. The extent lo which our procedures are Capable ¢)f dete¢ting irregularilie$, including fraud 1$ detsiled below. Explanatlon as to whal oxtsnt tho audlt wa8 consldoi•d capabl• of detKtlng Irregula1, Includlng fraud The objectlves of our audit in respect of fraud. are., lo identify ond assess the rigk3 ol material misslalemenl of the financial ststements due lo fraud,. lo oblaln sufficient appropriate audit evbdence regaTdlng the assessed rlsks of matenal mi5Stalement due to fraud. through designing and implemonling appropriate respon$•s to those assessed risk5', and to respond approprSalely to instances of fraud or suspected fraud [dentled durtng the audit. However, the primary responsibility for the prevention and detection of fraud re818 th both management and those charged with governance of the charity. Our Approach was a8 follows.. We obtained an understanding of the legal and regulatory requirements applicable lo the charity and consldered Ihal the most significant are the Charllles Act 2011, the Charrty SORP. and UK financial reporting standards as issued by the Financial Reporting CounrS1. We obtslned an und•rstandlng ol how the chaty compllès wtth these requirements by dlscusslon3 with management. W8 assessed the rlsk of mattsrfal mlsstatemenl of the financial slatement8, Includlng the risk of material mi551atement due to fraud and how it might occur. by holding dlscu881ons wbth management. We Inquired of management and those charged with governance a$ lo any known instances of non-¢ompllanGe or Suspected non-c¢Jmpli8nce wlth laws and regulallons. Based on this understanding, we designed Specific approprlate audlt procedures lo ldenfy In8tsnces of non-compllance with laws and regulation8. Thls includeij making enqulries of managemenl and obtaining additional Corroborative evidence as required. As part of an audit in accordance with ISAS IUKI we exercise profe88lonal Judgement and malntsln profe551onal 5cepticism throughout the audft. We also.. Identfy and assess the risks of material misslalemenl of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, an(J obtabn audit evidence that is Sufficlent and appropriate to prowde a b8s1$ for our opinion. The risk of not detecting a material misstatement resuming from fraud 15 higher than for one resylling from error, as fraud may involve collusion, forgery. intentional omi5sionts, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant lo the audrt in order t¢ design audit procedur¢$ that are appropriate in the circum$tsn¢e$, bul not for the purposes of expressing an opinion on the effectiveness of Ihe ¢harily's internal control.
THE SLAUGHTER AND MAY CHARITABLE TRUST Evaluate the appropriateness of accounting policies used and Ihe reasonableness of accounting estimates and related di$¢losure$ made by the trustee. Conclude on the appropriateness of the trustee's use of the gIng concern basis of accounting and, based on the audil evidence obtained, whether 8 material uncertainly exis15 related to events or conditions th81 may cast significant doubt on the ¢harity's abilrty lo continue 88 a going concern. If we conclude that a material uncertainty exists, we are required lo draw attention in our auditor's reptsrt to the relxted dis¢losures In the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtsined up to the date of our audltor, report. However, future events or condFtlons may Cause the charlty to cease to continue as a going concern. Evaluate the overall presenlallon, Structure and conlenl of the financial slalements, including the disclosures, and whether the fi'nancial statements Tepre5enl the underlying transaction5 and events in a manner that achieves fair pre$entation. Th•re are Inherent Ilmltations in the audit procedure5 described above. We are less Ilkety to become aware of Inslan¢e8 of norpcompliance with laws and regulations that are not closely related lo events and transactions reflected in the financial slalemènts. Also, the rlsk of not delecling a material misstalemenl due lo fraud is higher than the risk of not dete¢llng one resulting from error, as fr8ud may involve delSberate concealment by, lor example, forgery or intentional mlsrepresenlatlons. or through cclluslon. We communicate wth Ihoso charged with gcvernance regardlng, among olhor m8tters, the planned scope and liming of the audll and significant audit findings, Including any 8lgnlffcant deficiencies In internal control that we 5denllfy during our audlL. U•• of our r•port This report is made 801ely lo the charity's trusl•e In accordance vAlh Chapter 3 of P8rt 8 of the Charftles Act 2011. Our audit work has been undertaken so that we might state to the charity's trustee those matter5 we are required to staté to them in an auditor's report and for no other purpose. To the fullest extent permltled by law, we do not accept or a55ume responsiblllly to any paty other than the charity and charfvs tru8tee a8 a body, for our audit work, for this report, or for the opinion we have formed. Jamie Sherman Senior statutory audilor On beha gf Moore Klngslon Smith LLP &atutory audhor 9 Appold Street Londo EC2A 2AP Dale.. 3 February 2023 Moore Kingston Smiih LLP is eligible to as auditor in term5 of Sectlon 1212 of the Companles Act 2006.
THE SLAUGHTER AND MAY CHARITABLE TRUST ststement of Financial Activities for the yoar ondod 5 April 2022 Notes Year ended Year ended 5 Aprll 2022 5 Aprll 2021 lThcom• Income Irom.. Voluntary Incorne Exp•ndltur• Exp8ndlture on ch8rtt8ble activltles.. Gr8rrtS Payable In furtherance of the objects 51 Totsl •xp•ndlturn N•t mov•m•nt In fund¥ 80,000 1120,000) B41anc• at 8 Aprll Balanc• at 6 Aprll AJI of the Charfty's acllvltles are derfved from continulng operatlon8. Th• Charfty has no recognised gains and10gses other than thoso dealt w&th In the Statement Of Financlal Aclivltle8 above. AJI funds are unrestricted.
10 THE SLAUGHTER AND MAY CHARITABLE TRUST Balance sheet as at S April 2022 No At 5 Aprll At S April 2022 2021 Current assots Debtors Cash al bank and In hand 112.756 10 112,766 81.375 10 81,385 Cr•dbtorn: amounts falling due wlhin one year 141 375 Net current Il•blllti Cr•dltors: amounts falling due after more than onè year 10 N•t Ilabllltl•• Fund6 Unreslrlcled The financial statem8nt8 on pages 9 10 19 wer• approved and aulhoristsd for i#5ue by the tnjstee and were glgned on ks behaw by., Dlrnctor ol Sl•ught•r and May Tru•t Llmit•d Dat•: C)0 2023
11 THE SLAUGHTER AND MAY CHARITABLE TRUST Cashflow statement for the year ended 5 April 2022 Notos At S Aprll At 5 Aprll 2022 2021 Net cash provlded by gratIng •cvItIeS Cash flow8 from fln•n¢Sng a¢tlvlilè• Increasel{Decrease in non-currenl Ilabllitle81 Change In c•8h In porSod Cash brought forward Cash Garried forward R•¢on¢lll•tlon of n•t moY•m•nt In fund¥ to n•t Nel movement in funds for the year ended 5 April las per the Statement of Flnanclal Activlties, page 9 80.000 1120,000) Adjustments for.. IlncreasellDecrease in debtors IncreasellDecreasel In Creditors {31,381) 2,808 Not c•sh provld•d by operatlng actlvltl•8 Isoo abovfj)
12 THE SLAUGHTER AND MAY CHARITABLE TRUST Notes to the financial ststements for the year ended 5 Aprll 2022 Prln¢i l accountin olicle FRS 102 Th? financlal slaternents have been prepared In 8ccordanee wllh the Flnanclal Reporting gandard applicable in the UK and Republi¢ af Ireland IFRS 1021. The Charfty is a publlc benefit enlily for the purpose5 of FRS 102 and therefore the Charlty also prepared Its financial slaléments in accordance with the Statement Of Recommended Pracllce applicable to charities preparing Ihelr account$ in cOrdanCe vthh the Flnancial Reporting Standard applicable in the UK and Republic of Ireland IThe FRS 102 CharitTes SORP} published on 16 July 2014 anJ the ChTits"e5 Act 2011. B••l• of accountlng The flnancial statements are prepared In accordance the hl$lorl¢81 cost convention and on an accruals basis. The flnanclal statements are prepared In sterling, thich 18 the lunctlonal currency of the Charhy. Monetary amounls in Ihege ff nancial statements are rounded to the nearest pound. Incomè AJI income is included when the charity has enliuemenl to the Income, there Is probablllty of recelpl and the amount can be measured. Donations and other income are CTediled to the staternent ol financial acts'vitSe8 on a receivable basls. Donated sorvlc•8 and glfts In klnd The value of donated servi¢es and glfts In kind provided lo the Charity 1$ recognised in the slalemenl of financial aetSvltSes al their value to the Charity as detemiined by the trustee, in the period in lch they are re¢elvabFe, and ere the benefit is both quantifiablo and matgri81.
13 THE SLAUGHTER AND MAY CHARITABLE TRUST Notes to the financlal statements for the year ended 5 April 2022 Icontinued) Princi ae¢ounlin olici•s continu RQu0¥ exp¢nd•d Granly payable. for direct charitable actfvllles. are Included in the statement of financi31 activities when the offer is conveyed lo the recbplent, except In those cases when the offer 18 c{dI.081, such grants being recognised as expenditure when the conditions attaching to them are fvlfilled. Grants offered subject to conditions 1¢h have not been met 81 the year end are noted as commitment bul not accrued as a Ilabillty. Govemance c08ts include expenditure on compllance with constilulional and statutory requirements. Fund accountlng The unresldcted fund Compse8 those mtsnies vthich may be u8ed towards meeting the charitable objects of the Charty al the discre0*) tsf the trustee. C••h and cash fjqulvalents Cash and cash equlvalents include cash In hand, deposlts held al call th banks, other short- term liquid inve51menls with original malurilies of three months or less, and bank overdrafts. FSn•n¢lal In•tNm•nt• The chaTlly has elected to apply the provi8lon8 of Secllon 11 'Baslc Flnancial In8lrument5" to all of its fi'nancial in$lrument$. Financial in¥trurnenl$ are recognised in the charity s balance sheet when the charity becomes party to the contractual prowsions of the instrument. Financial assets and liabilities are off5el, vnth the net amounts presented in the financial statements, when Iheie 18 a legally enforceable right to set off the recognlsed amounts and there is an inl•ntion to sellle on a nel basls or to rèallse the assèt and settle the liability simultaneou8ty. All debtor and crgdllor balances are ¢on$idered to be b051¢ flnancial Instruments under FRS102. Judg•m•nts •nd key 8our¢•s of •stlmatlon une•rtolnty In the application of the charity's accounting policies, the trustee may be required to make judgements, estimates and assumptions about the carrying amount of assets and Ilabllltles that are not readily apparent from other sources. These estimates and associated a85umplions are based on historical experience and other factor$ that are con51dered to be relevant. Actual results may drfler from these estimates. There have been no significant eslimateslas8umpons maije that affect the carrying amount of a55els and liabilities in the financial 5ts1emenls.
14 THE SLAUGHTER AND MAY CHARITABLE TRUST Notes to the financial slatomonts for the year ended 5 Aprll 2022 Icontinued Goin conc•m The Trustee considers there are no material uncertainties about the Charit6 ability to operate as a going concern. The Charity's intention is lo dlgtribule All donations received in the year. Any nel surplus or deficit (other than the Inial £10 capital sum) is due lo short term timing differences. The defiGit in 2022 of £60,000 (under the initial capital sum) was comprised of grants vthich the Charity is committed to paying but vthich are not payable until 8ub$equent years li.e. long term commitsnentsl. These are recognised as grants in the flnanci81 statements of tha first year of cemmitment, In Ilne th the SORP, but commitsnents for the subsequent years ar& paid from donations recelved in the year payment 19 due. When such commltsnents are made, aS8urances are given by the Partners of Slaughter and May that these commitments wll be mel and therefore, the Trustee consideis rt appropiiale lo continue lo prepare the financial $ts18menl$ on a going wncern basis. Y•ar •nd•d Y•ar •nd•d 5 Aprll 2022 5 Aprll 2021 Monetsry donations Gift in klnd laudlt lee pald by Slaughter and May) 668.051 406,912
15 THE SLAUGHTER AND MAY CHARITABLE TRUST Not85 to the financial statements for the year ended 5 Aprll 2022 (continued) Charitable actlvltlg¥ {al Grants pald duTlng the yoar. anatysgd by reclpl•nt: Year •nded 5 Aprll 2022 St. Luke's Community Centre The Access Project- the Key Project UNHCR- Ukraine appeal Cambridge Univer51ty Islington Law Centre National Llleracy Trust Beam B18ck Equtty Ory8ni8ation upReach Le9al Advice Centre Iuniverslty House) Talk for Health Access Social Care InlernewB Social Mobility Bu8ineg8 Pathershlp The Margins Project st Luke'$ PrSmary School The 81G Alllance Ba9s of Taste Financial Markets Law Commtttee Moreland PrSmary School RCJ Advice Bureau Men¢8p 65,800 60,000 42,077 36,000 35,000 31,000 30,000 30,000 30,000 22,000 20,000 15,000 15,000 15,000 14,500 12,079 12,000 11,524 10,000 10,000 8,000 s,000 525,980 Other grants {l•ss than £5,000 each) 38,071 568,051 Add: othor grants award•d for payment In future y•arn L9. Other grnnts awarded In prevloul years The Access Project ear 3131 160,0001 Total grants awardèd In the y•ar 508.051 Add.. Governance costs {se• note 5) 5,500 513,551
16 THE SLAUGHTER AND MAY CHARITABLE TRUST Notss to the financial slatements lor the year ended 5 Aprll 2022 (continued) Charltablo actlviti•s inu lal Grants paid durlng th• year, analys•d by TKlpl•nl: Year •nd•d 5 Aprll 2021 The Access Project- the Kèy Project Nabonal Literacy Trust upReach Charitable Organisation Isllngton Law Centre Acfjon for Kid8 The Margins Project Sl. Luke's Communlty Centre Inlemewg Legal Advice Centre (University House) Soclal Mobilrty 8u$iness Partner8hip The BIG Alllance Family Action IFriend8hlp Works) l$lington Giving Moreland Primary School Sl. Luke's Primary School Beam Bamardos Mencap 60,000 51,001 36,000 35,000 30,DOO 30,000 25,000 15,000 15,000 15,000 12,000 11,700 10.000 10.000 10.000 5.600 s,000 5,000 RCJ Advlce Bureau 5,000 386,301 Othfjr gr•nts Il•B8 than £5.000 each) 20,611 406,912 Add: Oth•r grants awaTded for paym•nt In futur• y•avs The Access Project (Years 213 and 3131 120,000 L•¥s: Other grnnts awardod in previous y•ar• None Total gr•nts awarded In th• y•ar S26,912 Add.. Governance cogts (see note 51 5,200 632.112
17 THE SLAUGHTER AND MAY CHARITABLE TRUST Notes to the financial statements for the year ended S April 20221continu8d ies {bl Grantj awardèd durlng the year èrè analysed by the trusts• as follovA: Yaar •nd•d Year end•d S April 2022 6 Aprll 2021 Amount Numbw Amount Number Trustee grants Miscellaneous 314,518 29 452,951 38 25 Mlscellaneous grants are Ih08e vthere the Trustee does not Specifically choose the recipient charty {e.g. matchlng donations for 8laff fundraisingl- ov rn Year ended S Aprll 2022 Year 8nd•d 5 Aprll 2021 Audit fee Tho value of facilrties provided to the Charity free of charge, that otherwse would have had lo be purchased, such 88 the use of office èquipment and office space, havè not been recognised In the slalement of financial acllwlie$ because thelr value Is not èaslty quanlrfiable. Net movement In fundg The net movem?nt in funds 1$ stsled after charging the Auditor's remuneration of £5,50012D21 £5,200). staff costs and tru8t••'s romun•ratlon No staff were employed by the Charity during the yeaT12021- nit). The key management personnel of the Charity arè the trustee and (lirector8 cf the tru8tee. The trustee and directors of Ihe Iwstee received no remuneration in respect of thelr Services to the Charity nor any reimbursement of expense$ during the year.
18 THE SLAUGHTER AND MAY CHARITABLE TRUST Notos to the financial statements for the year ended S Aprll 2022 (contlnued) D•btors At 6 Aprfl 2022 At 6 Aprll 2021 Tax recover8ble rB.' amoun In none ear At S April 2022 At 5 Aprll 2021 Short term advance from Slaughter and May Grants payable 112,756 81,375 The advanco from Slaughter 4nd May a¢¢fU?$ no Interest and18 unsecured. There18 no fixed repayment dale. 10. At S Aprll 2022 At 5 Aprll 2021 Grants payable 11. The S18ughter and May Charrtable Trust 18 funded prinelpally by donallons and glfted services (including the audit feel from the Partners of Slaughter and May. The dlrectors ol Slaughter and May Trust Lirniled are all Partners ol Slaughter and May, the ChaTily's main donors. The only related party transactions during the perlod are donations from Partners of Slaughter and May tolalling £451,022 12021 £325,501) and an advance from Slaughter and May of £112,756 12021 £81,375) that was outstanding al the year end, all of which w88 pendSng recelpt of the tax recoverable from HMRC. The govemance and support rosts of the Charity, and the premises occuyed by f(, are provided by Slaughter and May bLrt, wlh the exception 01 the audit fee, are not reflected in these financial statements because their value is not easily quantlfiable.
19 THE SLAUGHTER AND MAY CHARITABLE TRUST Notss to the financial stslements for the year ended 5 April 2022 Icontlnued) 12. Taxation The Charity is a registered charty, and therefore is not liable for Income tax or corporation lax on income derlved from its charitable acts'vitses, as 51 falls thin the various exemptit)ns available to reglstered charities. 015J34J