Charity Registration No. 1085553 THE GEOFF & FIONA SQUIRE FOUNDATION ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
THE GEOFF & FIONA SQUIRE FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Trustees G Wsquire F P SqLJire B G Peerless Charity number 1085553 Principal address 18 Henry Moore Court Manresa Road London SW3 SAS Auditor Alliotts LLP Friary Court 13-21 High Street Guildford Surrey GU1 3DL Accounlanls Lane Monnington Welton R1verside View Basing Road 8asingstoke Hampshire RG24 7AL Bankers Weatherbys Bank Sander5 Road Wellingborough NN8 4BX Solicitor5 Charles Russell Speechlys LLP 5 Fleet Place London EC4M 7RD
THE GEOFF & FIONA SQUIRE FOUNDATION CONTENTS Pag8 Trustees, report Slalemenl of Iruslees, responsibilities Independent auditor's report Slalemenl of financial activities Balance sheet Statement of cash flows io Notes ID the financial statements
THE GEOFF & FIONA SQUIRE FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2021 The Irustees present their report and financ1315talements for Ihe year ended 31 Maich 2021. The financial statement5 have been prepared In accordance with the accounting policies set out In note 1 to the financial statements and comply with the charity's trust deed, the Charities Act 2011 and "Accounting and Reporting by Charities Statement of Recommended Practice applicable lo charities preparing their aGcoun15 in accordance with the Financial Reportln9 Standard applicable In the UK and Republic ol Ireland IFRS 1021 (effective 1 January 20191 Objectlves and actlvitl85 The charity has general chaiitable obieclives. It was sel up following a one off donation by GW Squire to provide funds to other charitable bodies In particular IbLJt not exclusively) those Involved In the fields of medicine, education, disability 8nd the welfare and healthcare of children. The charity carries out Its aims by making grants to registered charities in these fields and there has been no change In these during the year. The Iruslees have paid due regard to guidance Issued by the Charity Commission in deciding what activities the charity should undertake lo further the charity's objectives for public benefit The Iru5tees believe that based on the grants given lo reg15tered charities In the current year Ithe complete li5115 set out In the notes to the Financial Statementsl. the charity has clearly mel ils responsibilities to provide benefit lo the public whilst carrying out its charitable aims. Examples of such benefits inclLJde". relief ol sickness. e.g. supporting Edinburgh Children's Hospital Charity, Leeds Care5. Basingsloke & Alton Cardiac Rehab and Lucy Air Ambulance for Children, dvancement ol education". e.g supporting The Deal Academy, Read for Good, New College Worcester and Friends of St Luke's Redbourn., sport, e g making donations to Bright Ideas for Tennis, Disabled Sailors Association, Panathlon and Climbing Out. promotion of the arts, supporting Music For Youth and helping lo fund participalive Singing in schools via Piffllico Opeia'5 Piimary Robins Grant making policy The trustees will only consider organi5ations or groups which are Gharilable as defined by UK charity law and whose alTMS and objectives fall within the scope ol the charity's own charitable otiiecls. in particular. but not exclusively, In the fields of medicine. education, disability and the welfare and healthcare of children. Applications from any geographical area within ihe UK are eligible for consideration. All applications from previous grant holders wll be considered by the Iruslees on their own merits. The charity will work in partnefship with other oig3nisalions t(> fund initiatives beyond the financial means ol a single organisation. Grant holders will be expected to co-operate with the charity in providing details tsl how grant money has been spent andlor applied in furtherance of ils objects and lo comply with Charity Commission andlor statutory audit reqLJirements
THE GEOFF & FIONA SQUIRE FOUNDATION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Achievèments and p•rformanc• The trustees noted a significant Increase In the capital value of the Investments during the year. They remain satisfied that in spite ol current conditions they can relain a well diveisified and prudent investment strategy. In the current year the ¢harity provided grants lolalling £762.160 to 65 different registered charities. Financial review The trustees report that Ihe lolal funds of the Gharity have inGieased from £8.027m lo £9.13m during the year due mainly to the absolute return of the investment portfolios. 1115 the policy ol the charity that liquid unrestricted funds which have nol been de51gnated for a specific use should be maintained at a level equivalent lo between three and six month's expenditure. The trustees consider that reserves al this level will ensure that, In the event of a significant drop In capital values ol andlor income from investments, they will be able lo continue the Gharily'5 curient activities while consideration is given to way5 In which additional fund5 may be raised. This level of reseNes has been maintained throughout the year. The balance sheet shows net assets of approximately £9.13m. The Trustees Intend to continLJe to make donations al their discretion and to maintain the current level of ¢harilable giving if possible. The charily's investment objectives are lo balance current and lulure beneficiary needs by. mainlairiing, and If po551ble, inGrea51ng the value ol the investmenls in the future. producing a consistent and sustainable return to support charitable expenditure". and delivering these objectives with1n acceptable levels of Iisk The Investment performance is monitored by the trustees. Al the year end the rnarket value ol investments was approximately £9m. showing an increase from the pievious year. However, during the year £144k ol income was generated which has fallen from the previous year. This Is due mainly lo holding more cash lo de- risk the investment portfolios.
THE GEOFF & FIONA SQUIRE FOUNDATION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 The Iruslees have a55essed the Tmajor risks to which the charity 15 exposed. and are satisfied that systems are In place lo mitigate exposure to major risks. The Iru5tees have a prudent policy of risk management, as evidenced by the holdin9 of at least a year of estimated forward expenditure In cash, cash equivalents or liquid assets. and the selection ol appropriate risk managemenl fflandates lor the various fund managers. The trustees confirm that they have examined the major risks which the charity faces and confirm that Systems have been established to enable these risks lo be mitigated. The Impact of Covid-19 Prior to the date that the financial statements were approved. the Coronavirus Icovid-191 outbreak had spread worldwide and cauged disruptions lo businesses as well as economic activity globally including the UK. The trustees have considered the effects of the 2020 outbreak ol Covid-19 on the charity's operations and have concluded that the impact on them 15 likely to be limited. The trustees acknowled9e and recognise that there might be a potential Impact of the Covid-19 pandemic on the future operations ol the chaiily. Ils beneficiaries, partners and siakeholders and on wider society. due to the general risk lo health, and also the charity may105e planned Income as a fesult Of the general effect on the economy and Investment returns. However, it Is not anlicipaled al the cuirent time Ihat the overall financial position of the charity will be significantly adversely affected or Ils financial solvency threatened. The trustees do not foresee significant change5 in the ch3rity'5 policies, with the investment in capital markets and donations to other charitable bodies expected lo continue for the foreseeable future Structure. gov&rnance and management The charity was constituted on 24 January 2001 and has general charitable object5. The Iruslees who served during the year and up lo the date of signature ol the financial statements weie.. G W Squire F P Squife B G Peerless The founding Iru5tee5 are GW & FP Squire and BG Peerless Future trustees may be appointed al the discretion of GVV & FP Squire and otherwise al the discretion ol the existing trustees from lime lo Iirne. The charity Is managed by its trustees who meet regularly. Due lo the nature ol the charity, as described below. formal training Is not given. bul 15 available on request lo trustees who feel Il would assist with the perforrnance of their dutie5. The trustees are involved in all aspect5 tsf the charity and accordingly there are no other management or staff levels reporting Into them. The trustees, report was approved by the Board of Trustees. F P Squire Trustee
THE GEOFF & FIONA SQUIRE FOUNDATION STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2021 The trustees are responsible for preparing the Trustees. Report and the financial statements in accordance with applicable law and United Kingdom Acc()unting Standards Iunited Kingdom Generally Accepted Accounting Practice). The law applicable lo charities In England and Wales requires the Iruslees to prepare financial statements for each financial year which give a true and f311 view of the state ol affairs of the charity and of the Incoming resources and application ol resources ol the charity lor that year. In preparing these financial stalemenls, the trustees are required to.. select suitable accounting policies and then apply them consistently. observe the methods and principles In the Charities SORP". make judgements and estimates that are reasonable and prudent, slate whether applicable accounting standards have been followed. subject to any material departures disclosed and explained in the financial stalemenls. and prepare the financial statements on the going concern basis unless It is Inappropriate lo presume that the charity will continue ID operation.
THE GEOFF & FIONA SQUIRE FOUNDATION INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE GEOFF & FIONA SQUIRE FOUNDATION Opinion We have audited the financial statements ol The Geoff & Fiona Squire Foundation (the 'charily'l for the year ended 31 March 2021 which comprise the statement ol financial 3Ctivities. the balance sheet. the statement of cash flows and the notes to the Iinancial 5t3tements, Including 51gnilicanl accounting policies. The fillancial reporting framework that has been applied in their preparation Is applicable law and United Kingdom Accounting Standards, Including FRS 102 The Financial Reporting Standard applicable iii Ihe UK and Republic ol Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial slatemenl5-. give a true and lair view of the slate of the charity's affairs as at 31 March 2021 and of ils incoming resources and application of iesources, lor the year then ended, have been properly prepared In accordan¢e with United Kingdom Generally Accepted Accounting Practice, and have been prepared in accoidance with the requirements of the Charities Act 2011 Basis for opinion We conducted our audit In accordance with International Standards on Auditing IUKI IISA5 IUKII and applicable law. Our responsibilities under those standards are further described In the Audilor's re5ponsibililies for Ilie aiidil offhe ffiiiaiicial slalemenls section of otji report We are independent ol the charity In accordance with the ethical requirements that are ielevant lo our audit ol the financial statements In the UK, including the FRC'S Ethical Standard. and we have fulfilled our other elhic31 responsibilities In accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide a basis foi our opinion. Conclusions relatlng to golng concern In auditing the financial statements, we have concluded that the trustees, use ol the going concern ba515 01 accounting in the preparation ol the financial statements Is appropriate. Based or) the work we hav& performed. we have not Identified any material uncertainties relating lo events or Gonditions that. individually or collectively, may cast significant doubt on the chaiily's ability lo continue as a going concern for a period of al least twelve months frorn when the financial statements are authorised loi Issue. Our responsibilities and the responsibilities ol the trustee5 Wlth respect to going concern are described in the relevant sections of this report. Other information The other Information comprises the information Included In the annual report other than the financial statements and our auditor's report thereon. The Iruslees are responsible lor the other Information contained within the annual report. Our opinion on the financial ?latemenls tloes not ¢over the other information and we do ntst express any form of assurance conclusion Ihereon. Our respon51bilily is to read the other Information and, in doing so, consider whether the other Information Is materially inconsistent with the financial slalemenls or our knowledge obtained in the course ol the audit, or otherwise appears lo be materially tnisstated. 11 we identify such material Inconsistencies or apparent material misslatemenls, we are reouired lo determine whether this gives rise to a material mis5t31emenl in the financièl statemenls Ihemselves. If, based on the work we have performed, we conclude that Iheie Is a material misstatement of th15 other Information, we are required to report that fa¢l. We have nothing to report in this regard.
THE GEOFF & FIONA SQUIRE FOUNDATION INDEPENDENT AUDITOR'S REPORT ICONTINUEDI TO THE TRUSTEES OF THE GEOFF & FIONA SQUIRE FOUNDATION Matters on which we are rgquirgd to report by exception We have nothing to report In respect of the following matters in relation to which the Charitie5 (Accoun15 and Reports) Regulations 2008 require us lo report to you Il, In our opinion the information given in the financial statements is inconsistent in any material respect with the trustees, report, or sufficient accounting iecords have not been kept. or the Iinancial statements are not In agreement with the accounting records, or we have not received all the Information and explanations we require lor our audit. Responsibilities of trLb$tées As explained more fully In the slalemenl of Iiustees, responsibililies, the Iruslees are responsible for the preparation ol the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine Is necessary to enable the preparation ol financial statements that are free from material migstatemenl, whether due lo fraud or errol In preparing the financial statements. the trustees are responsible lor assessing the charity's ability to continue as a going concern. disclosing, as applicable. matters related to going concern and using the going concèrn basis ol accounting unless Ihe trustees either Intend to cease operations, or have no realistic alternative but to do so. Auditor's responsibilitiès for the audit of the financial statements We have been appointed a5 auditors under section 144 01 the Charities Act 20 11 and report in accordance with the Act and relevant regulations made or having effect Ihereunder. Our objectives are lo obtain reasonable a55urance about whether the financial statements as a whole are free from malerial m155talement, whether due lo fraLJd or error, and to Issue an auditor's report that InclLJdes our opinion Reasonable assurance Is a high level of assurance bul 15 not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when il exists. Misstatements can arise from fraud or error and ale considered material if, individually or In the aggregate, they could re350nably be expected lo influence the economic decisions of users taken on the basis of these financial statements. Irregulaiilies. Including fraud, are instances ol non-compliance with laws and regulations. We design prtscedures in line with our responsibilities, outlined above, lo detect tnaterial misstatements in respect of irregularities, including fraud. The extent lo which our procedures are capable of detecting Irregularitie5. Including fraud. 15 detailed below.
THE GEOFF & FIONA SQUIRE FOUNDATION INDEPENDENT AUDITOR'S REPORT {CONTINUED) TO THE TRUSTEES OF THE GEOFF & FIONA SQUIRE FOUNDATION Our approach to Identifying and assessing the risks of material rnisslatement In respect of irregularitie5. including fraud and non-compliance with laws and regulations, was as follows the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills lo identify or recognise non-compliance with applicable laws and regulations, e identified the laws and regulations applicable lo the charity Ihiough discu5510n5 Wlth Trustees and other management. and from our knowledge and experience ol the nol-lor-profil sector.. we focused on specific laws and regulations which we considered may have a diiecl material effect on the financial slalemenls or the operations of the charity, Including the Charities Act 2011 the Charities SORP. and data protection. anli-bribery. employment, environmental and health and safely legislation,. we assessed the extent of compliance wilh the laws and regulalions Identified above through making enquiries ol managelnenl and Inspecting legal correspondence, and identified laws and regulation5 weie commLJnicated within the audit team regularly and the team remained alert lo Instances of non-compliance throughout the audit We assessed the susceplibilily of the charity's financial statements to materi31 misslalemenl, Including obtaining n understanding ol how fraud might occur, by. making enquiries of Trustees and management as to where they considered there was susceptibility to fraud, their knovAedge o13Ctual, suspected and alleged fraud., Considering the Internal controls In place lo mitigale risks of fraud and non-compliance with laws and regulations. To address the r15k ol traud through management bias and override of controls, we. performed analytical procedures lo identify any unusual or unexpected rel8lionships'. tested journal entries lo Identify unusual transactions, assessed whether judgements and assumptions made in determinin9 the accounting estimates were Indicative of potential bias, and Investigated the rationale behind significant or unusual transactions. In response to the risk of irregularities and non-compliance with laws and regulations. we desisned procedures which included, bul were not limited to.. agreeing financial statement disclosures to underlying supporting documentation, leading the minutes of meetings ol the board ol Trustees. enquiring of management a5 10 actual and potential litigation and claims, and reviewing correspondence with HMRC, relevant regulators and the charity's legal advisors. There are Inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transaction5, the less likely Il Is Ihat we would become aware Df non-compliance. Aud11ing slandaids also Iimil the audit procedures required lo identify non-compliance with laws and regulations lo enquiry ol the Tiustees and other management and Ihe Inspection ol regulatory and legal correspondence. Il any. Material misslalements that arise due to fraud can be harder to detect than those Ihal arise from error as they may involve deliberate concealment 01 collusion. A further deseriplion ol our responsibilities Is available on the Financial Reporting CounGIl'5 website at-. https 11 ww.Irc.org.uklauditorsresponsibililies. This description loim5 part ol our auditOl'5 report. Jan 13, 2022 Alliotts LLP Charterèd Accountants statutory Auditor Friary Court 13-21 High Street Guildlord Surrey GUI 3DL Alliotts LLP Is eligible foi appointment a% auditor of the charity by virtue ol its eligibility for appointment as auditor of a company undei of section 1212 of the Companies Act 2006.
THE GEOFF & FIONA SQUIRE FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021 2021 2020 Not9$ nc Investments 144,447 185.495 en Raisin funds Trading cos15 Investment management fees 18,023 69,029 16,878 68.092 87,052 84.970 Charitable activities 762 160 844,491 Total expenditure 849.212 929,461 Net gain5 on investments 1,807,985 1914,6341 Net movement in funds 1,103,220 11,658,600) Fund bal3ncES at 1 April 8,026.835 9,685,435 Fund balances at 31 March 9.130.055 8.026.835 The statement of financial aclivilie5 Includes all gains and losse5 recognised in the year. All income and expenditure derive from continuing activities.
THE GEOFF & FIONA SQUIRE FOUNDATION BALANCE SHEET AS AT 31 MARCH 2021 2021 2020 Notes Fixèd assets Inveslfflenls Current assets Cash at bank and In hand 10 8,995,104 7,306.495 157,346 794,886 Creditors.. amounts falling due within one year 12 122,3951 174.5461 Net cuirenl assets 134.951 720.340 Total assèts lèss currènt liabilitias 9.130.055 8,026.835 Income funds Unrestricted lunds 9,130,05S 8.026,835 9,130,055 8,026,835 The ac¢oLJnts were approved by the Trustees on G W Squiie Trustee F P Squire Trustee BGP Truste erless
THE GEOFF & FIONA SQUIRE FOUNDATION STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2021 2021 2020 Notes Cash flows from op•rating activities Cash absorbed by operations 14 1901,3631 1878,1431 Invèsting activities Purchase of Investments Proceeds on disposal of Investments Intere51 received 16,449,1741 6,568,550 144,447 11.723,3171 2.662.627 185.495 Net cash generated from investing activities 263,823 1, 124.805 Nèt ¢ash usod in financlng activities Net Idecreasellincrease in cash and cash equivalents 1637.5401 246,662 Cash and cash equivalents al beginning of year 794.886 548,224 Cash and cash equivalents at end of year 157.346 794,886 10
THE GEOFF & FIONA SQUIRE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Accounting policies Charity information The Geoff & Fiona Squire Foundation is a charity Constituted by trust deed. wth general charilable biectives. The principal addiess 15 18 Henry Moore Court. Manresa Road, London. SW3 6AS. 1.1 Accounting convention The accounts have beer? prepared In accordance with the charity's tru51 deed, the Charitie5 Act 2011 and Accounting and Reporting by Charities. Statement ol Recommended Practice applicable lo charities preparing their accounts In accordance with the Financial Reporting Standard applicable In the UK and Republic ol Ireland IFRS 1021" la5 amended lor accounting periods commencing from 1 January 20191. The charity Is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared In sterling which Is the functional currency of the charity. Monetary amounts In these finan¢i31 statements are rounded to the nearest £. The accounts have been prepared under the historical cost convention, modified to include the revaluation ol Investments at lair value. The principal a¢counling policies adopted ale sel out beltsw 1.2 Going concern At the time of approving the financi31 statements. the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable lulure. Thus the trustees continue to adopt the going concern basis ol accounting In preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion ol the trustees in furtherance ol their charitable obieclives. 1.4 Income Income is iecognised when the charity 15 legally entitled lo it after any performance condition5 have been met. the amounts can be measured reliably, and Il Is probable that inccTrme will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, Unless perforrnance conditions require deferral of the amount. Income lax recoverable reSatlDn to donation5 received under Gift Aid or deed5 01 covenant Is recogn15ed al the time ol the donation. Investment Income is Included when receivable by the charity. 1.5 Expenditure Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity lo the expendituie and It call be measured reliably. All expenditure is accounted lor on an accruals basis and has been classified under headings that aggregate all costs related to the category. Costs of raising funds are those costs incurred in investment management. Grants payable are paymen15 made to third parties in furtherance of the charitable objectives of the Trust. The grants are accounted lor where either the Tiustees have agreed to pay the grant without condition or the recipient has a reasonable expectation that they will receive a grant. All expendituie 15 directly attributable lo specific acliv11ies and ha5 been Included in those cost categories lo which it relates
THE GEOFF & FIONA SQUIRE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 Accounting policies Icontinuedl 1.6 Fixed asset investments Fixed 355et investments are Initially measured at transaction price excluding transaction costs. and are subsequently measured al fair value at each reporting dale. Changes In fair value are recognised In nel incomellexpenditurel loi the year. Tiansaclion costs are expensed as Incurred. 1.7 Cash and cash èquivalènts Cash and cash equivalents Include cash In hand. deposits held al call with banks, other sh(>rt-lerm liquid investments with original maturities ol three months 01 less. and bank overdrafts. Bank overdrafts are shown within borrowings In current liabilities. 1.8 Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Olher Financial Instfuments Issues, of FRS 102 to all of Il5 financial in5trufnent5. 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 Iiabililies are offset, with the net amounts presented in the financial statements. when there Is a legally enfoiceable right lo sel off the recognised amounts and there Is an Intention lo settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which InclLJde debtors and cash and bank balance5. are Inittally me35ured at transaction price including transaction costs and ale subsequently carried at amortised cost using the effective interest method unless the arrangement conslitules a financing transaction. where the transaction is measured at the present value of the future receipts discounted al a market rate of Interest. Financial assets classified as receivable within tsne year are not amortised. Basic financial liabilities Basic financial Iiabililie5, Including creditors and bank loans are Initially recognised at transaction price unle55 the airangemenl con5tilules a financing Iran5aclion, where the debt Inslrurnent Is measured al the present value ol the future receipts discounted at a market rale ol Interest. Financial liabilities classifie(S as payable within one year are not amortised. Debt instrufnents are subsequently carried at amortised cost. using the effective inleresl rate method. Trade creditors are obli93tions lo pay lor goods or services that have been acquired in the ordinary course ol operations from 5upplieis. Amoun15 payable are classified as current liabilities if payment Is due within one year or less. If not, they are presented as non-current Iiatiililies. Trade creditors are recognised Initially at trans3clion price and svbsequenlly measured at amortised cost using the effective Interest method. Derecognition of financial liabilities Financial liabilitie5 are deiecogn15ed when the chaiily's conlraclual obligation5 exp¢re or are discharged or cancelled. 12
THE GEOFF & FIONA SQUIRE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS ICONTINUEO) FOR THE YEAR ENDED 31 MARCH 2021 Critical accounting estimates and judgements In the application of the charity's accounting policies, the trustees are required to make iudgemenls, estimates and assumptions about the carryin9 amount of assets and Iiabililies that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estlTNates and underlying assumptions ale reviewed on an ongoing basis Revisions to aceounling estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or In the period of the revision and future periods where the revision affects both CUTrenl and future periods. Invèstmènts 2021 2020 Income from listed inve5tmen15 Interest receivable 144.415 32 185.211 284 144,447 185,495 Raislng funds 2021 2020 Investment management lees Support costs Governance costs 69,029 40 17,983 68,092 51 16,827 87,052 84,970 Grants payable 2021 2020 Grants to institutions.. Au115m Bedlordshire Autism Inclu51ve Basingstoke & Alton Cardiac Rehab Boccia England Braille Chess Association 2.500 3.600 942 5,000 3,000 Sub-total 10.042 5,000 13
THE GEOFF & FIONA SQUIRE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
5 Grants payable
(Continued)
| Continued from previous page Bright Ideas for Tennis British Disabled Angling Association Cerebral Palsy Plus CHCD Charitable Trust Children's Heart Federation Children's Trust Climbing Out Clothing Solutions Deaf Blind UK Demand - Design & Manufacture for Disability Designabilty - Wizzybugs Disabled Sailors Association Douglas Bader Foundation Down Syndrome Development Trust Dressability Dunedin School Edinburgh Children's Hospital Charity Firefighters Charity Friends of Castle School Cambridge Friends of St Luke's, Redbourn Gloucester Rugby Foundation Great Western Air Ambulance Charity Handicapped Children's Action Group Heart Heroes Horatio's Garden Honeypot Children's Charity Hope for Tomorrow Horsley & Bookham RDA Imperial Health Charity Islington Boat Club Jubilee Sailing Trust Kids in Action King's College Hospital Charity Leeds Cares - Leeds Hospitals Charity Lindsay Leg Club Foundation London's Air Ambulance London Hearts London Wheelchair Rugby Lord's Taverners Lucy Air Ambulance for Children Murray Parish Trust Sub-total |
10,042 3,260 - 5,000 - 1,300 - 10,000 500 - 5,000 14,550 15,000 5,000 5,000 - 350 67,300 5,000 - 25,000 - 10,695 4,878 5,000 35,000 2,000 20,000 16,000 1,500 1,000 4,000 5,000 - 13,542 - - 3,000 - 34,538 4,250 25,000 357,705 |
5,000 - 3,000 - 4,200 - 50,000 - 500 2,000 5,000 - - 5,000 - 500 - - 8,500 10,000 - 5,000 - - - 47,500 2,000 - - - - 50,000 - 75,000 - 5,000 12,040 - 7,500 124,157 - - |
|---|---|---|
| 421,897 |
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THE GEOFF & FIONA SQUIRE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
| 5 Grants payable Continued from previous page Music for Youth New College Worcester Newlife, the charity for Disabled Children Orpheus Centre Panathlon Pimlico Opera Positive Path Foundation Queen Elizabeth's Foundation for Disabled People RC Diocese of Shrewsbury Read for Good Regain Royal Brompton & Harefield Hospitals Charity Royal Horticultural Society Royal National College for the Blind Ruby's Fund Ruskin Mill Land Trust RVC Animal Care Trust Salisbury District Hospital Charity SNAPS Yorkshire Southampton Hospital Charity Special Effect Spread A Smile Stable Family Home Trust Support Dogs Teenage Cancer Trust The Deaf Academy The Seashell Trust The Sequal Trust The Theodora Children's Charity Thumbs Up Club Treloar's UCLH Charity Variety - The Children's Charity Vision Foundation Wallis & Gromit's Children's Foundation Wessex Children's Hospice Trust West Berkshire Mencap Wetwheels Foundation Whizz Kidz Willow Foundation Wiltshire Air Ambulance Winchester Hospice |
(Continued) 357,705 421,897 10,000 - 5,000 - 12,500 12,500 15,000 - 1,230 - 5,000 7,500 2,500 - - 17,500 50,000 - 21,867 - 5,000 3,000 - 29,500 15,000 - 8,000 - 2,500 - 5,000 - 9,829 17,395 - 35,000 500 - - 25,000 - 8,000 - 5,000 27,000 - 21,040 - 68,919 55,000 10,000 - 4,950 - 5,000 - 5,000 - 5,520 - - 30,000 - 50,000 - 9,250 19,400 5,000 5,000 - 30,000 57,449 5,000 - - 50,000 - 5,500 10,000 - 3,500 - 15,200 - 762,160 844,491 |
(Continued) 357,705 421,897 10,000 - 5,000 - 12,500 12,500 15,000 - 1,230 - 5,000 7,500 2,500 - - 17,500 50,000 - 21,867 - 5,000 3,000 - 29,500 15,000 - 8,000 - 2,500 - 5,000 - 9,829 17,395 - 35,000 500 - - 25,000 - 8,000 - 5,000 27,000 - 21,040 - 68,919 55,000 10,000 - 4,950 - 5,000 - 5,000 - 5,520 - - 30,000 - 50,000 - 9,250 19,400 5,000 5,000 - 30,000 57,449 5,000 - - 50,000 - 5,500 10,000 - 3,500 - 15,200 - 762,160 844,491 |
|---|---|---|
| 844,491 |
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THE GEOFF & FIONA SQUIRE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Support costs Support Governance osts osts 2021 2020 Bank charges 40 40 51 Audit fees Acctsuntancy Legal and professional 4,440 2,850 10,693 4.440 2,850 10,693 4,290 3,000 9,537 40 17.983 18.023 16,878 Analysed between Costs ol raising funds 40 17.983 18.023 16.878 Governance cosls includes payments to the auditors of £4.440 12020 £4,290) lor audit lees and paymen15 to Charles Russell Speechlys LLP of £10,693 12020 £9.5371 8 G Peerless 15 a partner al Charles Russell Speechlys LLP and Is also a trustee of the charity. Tiustees None ol the Iruslees lor any persons connecled with them) received any remuneration or benefits from the charity during the year. Employees The average monthly number of employees during the year was.. 2021 Number 2020 Number Total Net gainslllossesl on investments 2021 2020 Revaluation of investments Gainlllossl on sale of Investments 978,737 829,248 1841,9051 172,7291 1.807.98S 1914,6341 16_
THE GEOFF & FIONA SQUIRE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 10 Fix8d asset investmefits Listed inv•stm•nts Cost or valuation At 1 April 2020 Additions Valuation changes Disposals 7.306,495 6.449,174 978,737 15.739.302) At 31 March 2021 8.995,104 Carrying amount Al 31 March 2021 8,995,104 At 31 March 2020 7,306,495 11 Financial instruments 2021 2020 Carrying amount of financial asset5 Instruments measured at fair value through profil or loss 8,995,104 7.306 495 12 Creditors.. amounts falling due within one year 2021 2020 Trade creditors Other creditors Accruals and deferred income 14.925 17,046 50,000 7,500 7,470 22.395 74,54S 13 Post Balance Sheet Events The worldwide outbreak ol the coronavirus pandemic Icovid-191 h35 caused exten51ve disruptions to organisalions globally with major implications lor operations as well as finances The Iruslees acknowledge and recognise, as set out In the trustees, report, the impact of the Covid-19 pandemic on the operations of the charity, its beneficiaries. partner5, stakeholders and on the wider Society. and have en5ure(I that both resources and processes are In place to mitigate any disruption to the operations for the financial year end 2022. As a result, the impact ol Covid-19 pandemic does not warrant any adjustments lo these financial stalemenl5. 17
THE GEOFF & FIONA SQUIRE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 14 Cash generated from operation 2021 2020 Surpluslldeficill for the year 1, 103.220 11,658,600) Adjustments for. Inve51menl income iecogni5ed in statement ol financial activities (Gainllloss or) disposal of Inve5tmen15 Fair value gains and losses on investments 1144,4471 1829,2481 1978,7371 1185,4951 72.729 841,905 Movements in working capital. (Decreasellincrease In ciedilors 152,1511 51,318 Cash absorbed by operations 1901.3631 1878,1431 18