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|CONTENTS|||
|---|---|---|
|||Page|
|Joint Message from our Chair ofthe Board and Chief Executive||1-2|
|Trustees'<br>Report<br>~<br>Strategic Report<br>~<br>Officers, Contacts and Advisers<br>~<br>Statement as to Disclosure of Information|to Auditors|3-17<br>18<br>19|
|Statement<br>ofTrustees'<br>Responsibilities||20|
|Independent<br>Auditors'<br>Report||21-23|
|Financial Statements||24-28|
|Notes to the Financial Statements||29-48|





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|Foundation<br>House|Foundation<br>House|Foundation<br>House|Foundation<br>House|Foundation<br>House|Foundation<br>House|Foundation<br>House||||
|---|---|---|---|---|---|---|---|---|---|
|Foundation<br>House isa community<br>facility that allows a diverse range ofindividuals,|||||||groups,|charities, artists,||
|makers and social enterprises<br>to work together<br>an affordable, accessible space for existing and|in an inclusive,<br>open and welcoming<br>environment,<br> potential<br>community<br>members<br>-temporary,<br>short||||||||providing<br> and longer-|
|term. The net running<br>costs of Foundation<br>House||in 2020 were||E133k.||||||
|There are 12 groups<br>who have an allocated space and <br>space which each group occupies is treated as a benefit|||call Foundation<br>House their home. The <br>in kind and is summarised<br>in the table||||||cost ofthe<br> below:|
|Name oforganisation|||Benefit in kind value|||6||||
|Change<br>Grow Live (formerly operating<br>as Addaction)|||||6,127|||||
|Escape Arts<br>Safeline|||||7,622<br>9,164|||||
|Heart ofEngland Woodturneis|||||588|||||
|Second Thoughts<br>Drama Group|||||5,207|||||
|Shakespeare<br>Lions|||||3,295|||||
|Strafford<br>Army Cadets*|||||9,174|||||
|Strafford Ambulance<br>Association|||||6,669|||||
|Stratford<br>District Radio Society|||||2,859|||||
|Strstford Men's Shed|||||11,913|||||
|Warwickshire<br>Reminiscence<br>Action Project|||||10,052|||||
|Welcombe<br>Radio|||||3,038|||||
|Total benefit<br>in kind|||||75,708|||||
|"Net oflicence fee||||||||||





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|Community<br>benefit|Community<br>benefit|Awarded<br>6|Examples of Beneficiaries|Examples of Beneficiaries||
|---|---|---|---|---|---|
|To relieve need,||479,880||Spring<br>Housing Association:<br>Stratford<br>Housing<br>Plus Centre||
|hardship,<br>distress,<br>sickness, disability,<br>old age and infirmity<br>among beneficiaries||||E85,000<br>Domestic Abuse Counselling<br>Service: Covid-19 Emergency<br>Response<br>Fund 65,000 & domestic abuse counselling<br>&<br>intervention<br>for Stratford E33,000||
|||||Citizens Advice South Warwickshire:<br>Covid-19 Emergency||
|||||Response<br>Fund 65,000 & frontline<br>support year 3665,825||
|||||The Myton Hospices: Covid-19 Emergency<br>Response<br>Fund||
|||||65,000 8 in-patient care year 3f20,000||
|||||The Shakespeare<br>Hospice: Covid-19 Emergency<br>Response<br>E5,000 & Strafford support year 3f50,000<br>Refuge: Covid-19 Emergency<br>Response<br>Fund f5,000|Fund|
|||||Lifespace Covid-19 Emergency<br>Response<br>Fund 65,000 &<br>continuation<br>ofservices f15,136||
|||||Safeline: Covid-19 Emergency<br>Response<br>Fund E5,000 &||
|||||development<br>manager E16,560||
|||||Escape —Community<br>Art in Action: Covid-1 9 Emergency||
|||||Response<br>Fund f5,000<br>VASA: Stratford<br>Support E9,420 & community<br>transport year|3|
|||||635,000<br>Young People First: Sharp Minds —Strafford<br>support year 3||
|||||69,605||
|||||ILEAP: Project Coordinator<br>year 3f23,037<br>Entrust Care Partnership:<br>family support service year 3610,666||
|||||The Parenting<br>Project: Digital delivery services 619,195||
|||||Act on Energy: Heat for health project E10,000<br>Warwickshire<br>Vision Support: Strafford Support f5,000||
|||||Home-Start<br>South Warwickshire:<br>impact &fundraising||
|||||development<br>64,700||
|||||Stratford Timebank:<br>Strategic consultant<br>64,375||
|||||Hardshi<br>fund for individuals:<br>administered<br>b<br>CASW 615,000||
|To provide or support<br>the provision of<br>facilities for education||109,070||Grants to all town state schools and the college plus three out of<br>town state schools with a large number ofStrafford-upon-Avon<br>resident<br>pupils: 694,984 in total -15grants||
|for beneficiaries,||||1stShotteiy Scout Group: outside meeting<br>facilities F5,902||
|including<br>the<br>advancement<br>of||||Kate's Story Tree: Strafford stories f2,250<br>STT charitable<br>activities: Wind<br>in the Willows 62,000||
|learning<br>and||||Leamington<br>Brakes Junior Football Club: Brakes Vitality Strafford||
|knowledge||||E1,500||
|To provide or support<br>facilities for recreation<br>and other leisure-time||111,760||Play House: community<br>event support<br>& running<br>costs 657,500<br>Royal Shakespeare<br>Company:<br>Winter Wonderland<br>620,000<br>Escape - Community<br>Art in Action: leadership<br>&training 615,000||
|occupation||||Orchestra ofthe Swan: digital work 612,000||
|||||Sunny Side Up: virtual afternoon<br>tea f2,250||
|||||Strafford<br>Upon Avon Cricket Club: Alscot Park facilities||
|||||development<br>61,500||
|||||Strafford<br>upon Avon Chamber<br>Music Society: running<br>costs||
|||||61,000<br>The Bear Pit:su<br>orttoreo<br>en f1500||
|To advance|Christian|1,500|~|Strafford Churches Together: coordination<br>ofadministration||
|religion||||||
|Tosupport|citizenship|1,500|~|Welcombe<br>Radio, Radio station upgrade E1,500||
|and communi||||||
|Tosupport<br>Civic Pride<br>Other charitable<br>purposes||1,400<br>2,170|~|Bandstand<br>concerts<br>Warwickshire<br>Pride: Proud Youth Strafford 61,500<br>Accessible Strafford: 'M<br>' Accessible Strafford<br>u on Avon f670||





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|Investment<br>and Proper<br>to the Board, which<br>in|ty Committee<br>is responsible<br>for recommending<br>any staff remuneration<br>and benefit changes<br> turn is responsible<br>for the approval<br>ofsuch amendments.|ty Committee<br>is responsible<br>for recommending<br>any staff remuneration<br>and benefit changes<br> turn is responsible<br>for the approval<br>ofsuch amendments.|
|---|---|---|
|The key responsibilities|ofthe committees<br>are shown<br>in the table below.||
|Committee|Re|onsibilities|
|Audit &Governance|~|Ensuring<br>disk management,<br>governance<br>and internal<br>control systems are<br>functioning<br>elfectlvely<br>and report when attention<br>is required<br>to improve|
||~|Interface<br>with external<br>auditors|
||~|Review and oversight of constitution,<br>regulations<br>and non-operational|
|||decision<br>making|
||~|Review, adoption<br>and implementation<br>ofpolicies relating to corporate and|
|||Chari<br>Commission<br>re ulations<br>and laws|
|Grants &|~|Review and recommend<br>a Communication<br>Strategy and Community|
|Communications||Investment<br>Policy in relation to grant funding|
|Committee|~|Recommend<br>and oversee delivery<br>of Communication<br>and Grants Plan|
||~|A<br>rove and review<br>rant awards|
|Finance, Investment|~|Review of quarterly<br>management<br>accounts, annual<br>budgets, 3year rolling|
|and Property||plans and the annual<br>report and financial statements|
||~|Review and updating<br>ofinvestment<br>and reserve policies|
||~|Review and oversi<br>ht of all<br>ro e<br>&investment<br>related matters|
|During the year there <br>Trust and discussed|were nine Board Meetings,<br>at which meetings<br>the trustees agreed the broad strategy ofthe<br>the key areas of activity of the Trust, including<br>grant giving,<br>investment,<br>reserves<br>and risk||
|management.<br>The various committee<br>minutes are reported at the subsequent<br>Board meetings.|||
|In November 2020 Josie Stevens was recruited<br>to fill the elected trustee vacancy, her term will run until May 2022.|||
|The Town Trust is most appreciative<br>ofthe time and effort which<br>all its trustees<br>give so freely to the Trust (for full|||
|details oftrustees see page 18).|||





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|Description ofRisk|Description ofRisk||Mitigation ofRisk|
|---|---|---|---|
|Risk relating to coronavirus<br>pandemic|||Following the Public Health England<br>guidance,<br>closely<br>managing<br>impact on our investment<br>portfolio and the Trust's|
||||ability to maximise<br>grant giving|
|Change<br>market|in town centres and the <br> across the UK, resulting|retail<br>in a higher|Property managers<br>have increased<br>liaison with tenants,<br>monitoring<br>ofarrears<br>by property,<br>proactively<br>marketing<br>void|
|level of|voids, arrears||properties.|
|Commercial<br>tenants<br>fail to maintain<br>their|||All properties<br>are inspected<br>on a regular basis by the property|
|property|under the terms of their|lease|manager<br>and a report on repairs required<br>by tenant is<br>prepared<br>and a dialogue occurs with the tenant,<br>any actions<br>are followed<br>up on an ongoing basis. At the end ofleases a|
||||proactive approach<br>is adopted<br>in terms ofdilapidation|
||||negotiations<br>and settlements.|





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|undash Jassi<br>Chair f|rom<br>1 January 2020|||||
|---|---|---|---|---|---|
|CHIEF EXECUTIVE|Sara Aspley||SENIOR<br>MANAGEMENT|Rebecca Hampson,<br>James<br>McHugh,<br>Fiona Tomlinson||
||||TEAM|(appointed 6.7.20),|Lynn Wilson|
|AUDITORS|Saffery Champness<br>St John's Court<br>Easton Street|LLP|PROPERTY<br>MANAGER|Cofiiers International<br>12e Floor<br>Eleven Brindley Place||
||High Wycombe<br>HP11 1JX|||2 Brunswick Square<br>Brindley Place||
|||||Birmingham<br>B1 2LP||
|INVESTMENT<br>MANAGERS|Cazenove<br>Capital (part of<br>Schroders &Co Limited)<br>1 London Wall Place|||Schroder Unit Trusts Limited<br>Sunderland<br>SR434AQ||
||London EC2Y 5AU|||||
|||||Chadties<br>Property|Fund|
||Sarasin &Partners<br>Juxon House|||Cordea Savifis<br>33Margaret Street||
||100St Paul's Churchyard|||London W19OJD||
||London EC4M 8BU|||||
|SOLICITORS|Messrs Robert Lunn|& Lowth|BANKERS|Barclays Bank pic||
||2 Sheep Street<br>Strafford-upon-Avon|||Market Cross<br>Stratford-Upon-Avon||
||CV37 6EJ|||Warwickshire||
|||||CV37 6AP||
||Mills 8 Reeve|||||
||78-84 Colmore Row|||||
||Birmingham<br>B32AB|||||
||Wiggin Osborne<br>Fufierlove|||||
||95The Promenade|||||
||Cheltenham|||||
||GL50 1HH|||||





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||||Note|Unrestricted<br>2020|Permanent<br>endowment<br>funds|Total funds<br>2020|Unrestncted<br>funds<br>2019|Permanent<br>endowment<br>funds|Total funds<br>2919|
|---|---|---|---|---|---|---|---|---|---|
||||||2020f|||2019<br>K||
|Income from:||||||||||
|Donations<br>and legacies"<br>investment<br>income<br>Charitable<br>Activities<br>Other income|||4<br>5<br>6<br>7|59,415<br>3,073,701<br>250<br>2,340||59,415<br>3,073,701<br>250<br>2,340|7,714<br>3,578,983<br>7,322<br>9,149||7,714<br>3,578,983<br>7,322<br>9,149|
|Total Income||||3,135,706||3,135,706|3,603,168||3,603,168|
|Expenditure<br>on:<br>Raising funds<br>Charitable<br>activities|||8<br>9|1,427,006<br>1,706,344||1,427,006<br>1,706,344|1,104,276<br>2,386,950||1,104,276<br>2,386,950|
|Total expenditure||||3,133,350||3,133,350|3,491,226||3491 226|
|Net (losses) Igains||on|15/18|36,545|(3,251,920)|(3,215,375)|222,638|1,211,659|1,434,297|
|investments||||||||||
|Net income and||||38,901|(3,251,920)|(3,213,019)|334,580|1,211,659|1,546,239|
|expenditure||||||||||
|Other recognised|gains|||||||||
|and losses<br>Actuarial (losses) on||||(362,000)||(362,000)|(193,000)||(193,000)|
|defined benefit pension|||24|||||||
|schemes||||||||||
|Net movement<br>in|funds|||(323,099)|(3,251,920)|(3,575,019)|141,580|1,211,659|1,353,239|
|Reconciliation<br>of <br>Total funds brought|funds<br>forward|||3,605,505|57,007,911|60,613,416|3,463,925|55,796,252|59,260,177|
|Total funds carried<br>forward|||18|3,282,406|53,755,991|57,038,397|3,605,505|57,007,911|60,613,416|





||||Total|Total|
|---|---|---|---|---|
||||Funds|Funds|
|||Notes|2020|2019|
||||K|E|
|Income from:|||||
|Donations<br>and legacies*|||1,177,293|1,673,476|
|Investment<br>income|||88,243|109,965|
|Charitable<br>activities||||1,048|
|Other|||176,654|183,112|
|Total income|||1,442,190|1,967,601|
|Expenditure<br>on:|||||
|Raising funds|||227,465|235,570|
|Charitable<br>activities:|||1,220,061|1,619,393|
|Total expenditure|||1,447,526|1,854,963|
|Gains on investment|assets|15|55,339|238,034|
|Net income and expenditure|||50,003|350,672|
|Other recognised<br>gains and|||||
|losses|||||
|Actuarial<br>losses on|defined benefit||||
|pension schemes||24|(362,000)|(193,000)|
|Net movement<br>in funds|||(311,997)|157,672|
|Reconciliation<br>offunds|||||
|Total funds brought|forward||3,460,681|3,303,009|
|Total funds carried|forward|20|3,148,684|3,460,681|





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||||Notes|Group|Group|Trust||
|---|---|---|---|---|---|---|---|
|||||2020|2019|2020|2019|
|||||5|6|||
|Fixed assets||||||||
|Tangible fixed assets<br>Investments|||14<br>15|1,676,781<br>56,680,971|1,756,802<br>59,896,415|1,676,781<br>2,134,998|1,756,802<br>2,079,660|
|||||58,357,752|61,653,217|3,811,779|3,836,462|
|Current assets||||||||
|Debtors|||16|484,761|368,645|151,242|361,702|
|Cash at bank and in|hand|||2,702,938|1,595,849|1,705,626|349,418|
|||||3,187,699|1,964,494|1,856,868|711,120|
|Current<br>liabilities||||||||
|Creditors:<br>amounts<br>one year|falling due within||17|(3,017,872)|(2,671,295)|(1,030,789)|(753,901)|
|Net current assetsl|(liabilities)|||169,827|(706,801)|826,079|(42,781)|
|Total assets less current liabilities||||58,527,579|60,946,416|4,637,866|3,793,681|
|Creditors: amounts|falling due aRer||17a|(818,182)||(818,182)||
|one year<br>Defined benefit pension scheme|||24|(671,000)|(333,000)|(671,000)|(333,000)|
|liability||||||||
|Net assets including<br>liability||pension||57,038,397|60,613,416|3,148,684|3,460,681|
|Funds||||||||
|Capital funds<br>Endowment<br>Funds*|||18|53,755,991|57,007,911|||
|Income funds||||||||
|Unrestricted<br>funds|||20|||||
|General fund<br>Designated<br>fund||||2,525,631<br>1,294,053|2,385,763<br>1,407,918|2,525,631<br>1,294,053|2,385,763<br>1,407,918|
|Other charitable funds||(Cofiege &||||||
|Guild)||||133,722|144,824|||
|Pension reserve|||24|(671,000)|(333,000)|(671,000)|(333,000)|
|Total funds|||20|57,038,397|60,613,416|3,148,684|3,460,681|





||||||2020|2019|
|---|---|---|---|---|---|---|
||||||Total funds|Total funds|
||||||8|8|
|Cash flows from operating<br>activities:<br>Net cash used in operating<br>activities|||||2897|~3537521|
|Cash flows from investing<br>activities:<br>Dividends,<br>interest and rents from investments<br>Purchase ofproperty,<br>plant and equipment<br>Proceeds from sale ofinvestments|||||3,111,334<br>(6,766)<br>1,190,055|3,588,131<br>(5,735)<br>969,850|
|Purchase ofinvestments|||||~1284844|~963931|
|Net cash provided byinvesting|activities||||3,009,779|3,588,315|
|Cash flows from financing<br>activities:|||||||
|Cash inflows from new borrowings|||||~90000||
|Net cash pmvided<br>by financing|activities||||||
|Change<br>in cash and cash equivalents<br>in the <br>Cash and cash equivalents<br>at 31 December||reporting<br> 2019|period||1,012.231<br>1750566|50,794<br>~169 772|
|Cash and cash equivalents<br>at 31 December 2020|||||||
||||||2020|2019|
||||||Totalfunds|Total funds|
||||||8|8|
|Reconciliation<br>ofnet income to|net cash|flow from|operating|activities|||
|Nei (expenditure)<br>/income<br>for the <br>activities)|reporting|period (as|per the statement offinancial||(3,575,019)|1,353,239|
|Adjustments<br>for:<br>Depreciation<br>Losses on investments|||||86,787<br>3,215,375|111,522<br>(1,434,297)|
|Dividends,<br>interest,<br>and rent from|investments||||(3,111,334)|(3,588,132)|
|Increase<br>in debtors|||||(116,116)|(24,269)|
|Increase<br>in creditors|||||602759|44416|
|Net cash usedin operating activities|||||289 548|~3537521|
||||||2020|2019|
||||||Total funds|Total funds|
|Analysis ofcash and cash equivalents<br>Cash in hand|||||2,702,938|1,595,850|
|Cash awaiting<br>investment"|||||59926|~154716|
|Total cash and cash equivalents|||||||



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|Analy|sis ofch|ange<br>in net debt||||
|---|---|---|---|---|---|
||||At||At|
||||1January|Cashflow|31December|
||||2020|8|2020|
||||8|||
|Cash|and equivalents|||||
|Cash|||1,595,850|1,107,088|2,702,938|
|Cash|awaiting|deposit|154,716|(94,790)|59,926|
|Total|||1,750,566|1,012,298|2,762,864|





|||||||2020|2019|
|---|---|---|---|---|---|---|---|
|||||||Total funds|Total funds|
||||||||8|
|Cash flows from operating<br>activities:<br>Net cash provided byl(used in) operating|||activities|||19980 8|293134|
|Cash flows from investing<br>activities:<br>Dividends,<br>interest and rents from investments<br>Purchase of property,<br>plant and equipment<br>Proceeds from sale of investments||||||264,897<br>(6,766)<br>263,369|293,070<br>(5,735)<br>3,387|
|Purchase ofinvestments||||||~259712||
|Net cash pmvided<br>by investing||activities||||261788|290721|
|Cash flows from financing|activities:|||||||
|Cash inflows from new borrowings||||||%OOOO||
|Net cash provided<br>by financing<br>activities||||||900000||
|Change<br>in cash and cash equivalents<br>in the reporting<br>Cash and cash equivalents<br>at 31 December 2019||||period||1,359,864<br>363758|(2,412)<br>~36 170|
|Cash and cash equivalents|at 31 December 2020|||||||
|||||||2020|2019|
|||||||Total funds|Totalfunds|
||||||||8|
|Reconciliation<br>ofnet income /(expenditure)|||to net|cash|flow from|||
|operating<br>activities<br>Net (expenditure) lincome for the||reporting period (as per the statement of||||(311,997)|157,672|
|financial acti vities)||||||||
|Adjustments<br>for:<br>Depreciation<br>Gains on investments||||||86,787<br>(55,339)|111,522<br>(238,034)|
|Dividends,<br>interest, and rent from <br>Decrease I(increase)<br>in debtors<br>Increase<br>in creditors||investments||||(264,897)<br>210,460<br>533062|(293,077)<br>(219,911)<br>188694|
|Net cash used in operating|activities|||||19I978|293 134|
|||||||2020|2019|
|||||||Totalfunds|Totalfunds|
|||||||f|8|
|Analysis ofcash and cash <br>Cash in hand|equivalents|||||1,705,626|349,418|
|Cash awaiting<br>investment||||||17996|14340|
|Total cash and cash equivalents||||||||
|Analysis ofchange<br>in net|debt|||||||
||||||At||At|
||||||1January|Cashflow|31December|
||||||2020|8|2020|
||||||8|||
|Cash and equivalents||||||||
|Cash|||||349,418|1,356,209|1,705,627|
|Cash awaiting<br>deposit|||||14,340|3,656|17,996|
|Total|||||363,758|1,359,865|1,723,623|





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||||Group|Group|Trust|Trust|
|---|---|---|---|---|---|---|
|4|Donations and legacies||Total funds<br>2020<br>f|Total funds<br>2019<br>f|Total funds<br>2020<br>f|Total funds<br>2019<br>f|
||Annual<br>giR from Guild Estate<br>Annual<br>gift from College Estate||||556,883<br>567,962|1,079,440<br>594,036|
||Donations to Guild Chapel||1,210|7,714|||
||Furlough - grant<br>Grant- National<br>Lottery||21,176<br>37,029||15,419<br>37,029||
||||59,415|7,714|1,177,293|1,673,476|
||||Group,||Trust||
|5|Investment<br>income||Total funds<br>2020|Total funds<br>2019|Total funds<br>2020|Total funds<br>2019|
||||E|E|K|K|
||Property<br>income<br>Dividends<br>receivable||2,397,887<br>675,814|2,839,059<br>739,924|21,928<br>66,315|32,850<br>77,115|
||||3,073,701|3,578,983|88,243|109,965|
||||Group||Trust||
|6|Income from Charitable|Activities|Total funds|Total funds|Total funds|Total funds|
||||2020|2019|2019|2019|
||||K|K|K|K|
||Guild Chapel<br>Bandstand||250|6,274<br>1,048||1,048|
||||250|7,322||1,048|
||||Group|||Trust|
|7|Other Income||Total funds|Total funds|Total funds|Total funds|
||||2020|2019|2020|2019|
||||E|E|K|K|
||Interest receivable<br>on cash &bank||2,340|9,149|603|2,919|
||Services to Guild Estate||||113,893|110,585|
||Services to College Estate||||62,158|69,608|
||||2,340|9,149|176,654|183,112|





||||Group||Trust||
|---|---|---|---|---|---|---|
|8|Expenditure<br>on raising funds||Totalfunds<br>2020|Totalfunds<br>2019|Total funds<br>2020|Total funds<br>2019|
||||E|6|6|6|
||Investment<br>Fund Managers'<br>Fees<br>Property expenses<br>Support costs (note 10)<br>Services to Guild Estate (note 10)<br>Services to College Estate (note 10)||83,807<br>1,173,262<br>169,937|77,229<br>869,913<br>157,134|9,120<br>141,269<br>77,076|8,806<br>4,034<br>136,684<br>86,046|
||||1,427,006|1,104,276|227,465|235,570|
||||Group||Trust||
||||Totalfunds|Totalfunds|Total funds|Total funds|
||||2020|2019|2020|2019|
|9|Expenditure<br>on charitable|activities|E|6|6|6|
||Grant Making<br>Discretionary<br>Grants<br>Foundation<br>House||707,281<br>191,414|1,055,170<br>222,005|707,281<br>191,414|1,055,170<br>222,005|
||Non-Discretionary<br>Grants||||||
||King Edward<br>Vl School<br>Almshouses<br>Maintenance||347,515<br>44,763|632,228<br>43,617|||
||Holy Trinity Church<br>Grant Making Support Costs (note 10)||7,000<br>256,013|7,000<br>274,534|250,146|266,546|
|||||2234 554|1 148841|1 543721|
||Play House<br>Direct venue costs||47,288|47,288|47,288|47,288|
||Support costs (note 10)||2,936|3,009|3,109|3,375|
||||50,224|50,297|50,397|50,663|
||Other activities||||||
||Bandstand||2,444|2,999|2,444|2,999|
||800eAnniversary<br>Fountain||2,714|14,628|2,714|14,628|
||Guild Chapel<br>Support Costs (note 10)||57,611<br>39,365|39,945<br>44,527|15,665|7,382|
||||102,134|102,099|20,823|25,009|
||Total||1,706,344|2,386,950|1,220,061|1,619,393|





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|||2020<br>Group|2019<br>f|Trust<br>2020<br>E|2019<br>E|
|---|---|---|---|---|---|
|15|Fixed asset investments|||||
||Investment<br>properties<br>Quoted investments<br>Cash awaiting<br>investment|35,556,100<br>21,064,945<br>59,926|38,859,600<br>20,882,099<br>154,716|2,117,002<br>17,996|2,065,320<br>14,340|
|||56,680,971|59,896,415|2,134,998|2,079,660|
||Investment<br>properties:|||||
||Market value at 1 January 2020|38,859,600|40,020,600|||
||Net sale proceeds<br>Gain on disposal||(928,219)<br>277,219|||
||Revaluation<br>losses|(3,303,500)|(510,000)|||
||Market value at 31 December 2020|35,556,100|38,859,600|||
||Cost or donated<br>value at 31|||||
||December 2020|6,588,209|6,588,209|||
||Quoted investments:|||||
||Market value at 1 January 2020<br>Additions<br>at cost|20,882,099<br>1,284,844|18,292,723<br>963,931|2,065,320<br>259,712|1,830,673|
||Sale proceeds<br>Investment<br>gains|(1,190,055)<br>88,124|(27,230)<br>1,652,675|(263,369)<br>55,339|(3,387)<br>238,034|
||Market value at 31 December 2020|21,065,012|20,882,099|2,117,002|2,065,320|
||Historical cost at 31 December 2020|15,165,229|15,296,226|1,612,379|1,656,323|





|15|Fixed asset investments|(continued)|(continued)||Group<br>2020|2019|Trust<br>2020|2019|
|---|---|---|---|---|---|---|---|---|
||||||E||K|E|
||Gains<br>on unrestricted<br>funds<br>Quoted<br>investments||||36,545|222,638|55,339|238,034|
|16|Debtors: amounts<br>falling|due within one|||Group||Trust||
||year||||2020|2019|2020|2019|
||||||E|E||F|
||Amounts<br>falling due within one year;<br>Rents<br>Prepayments<br>and accrued income<br>Grants repayable<br>Other debtors<br>Amount<br>due from Guild Estate<br>Amount due from College Estate||||321,671<br>102,711<br>49,340<br>11,039|252,920<br>102,412<br>13,313|2,678<br>37,317<br>111,247|4,671<br>43,492<br>61,588<br>251,951|
||||||484,761|368,645|151,242|361,702|
||||||Group<br>2020|2019|Trust<br>2020|2019|
||||||E|E|E|E|
|17|Creditors: amounts<br>falling due within||||||||
||one year||||||||
||Deferred income<br>Trade creditors<br>Grants payable (note 23)<br>Accru ala||||1,298,235<br>95,311<br>539,190<br>746,043|1,341,064<br>139,974<br>578,310<br>372,957|69,410<br>47,753<br>539,190<br>73,126|2,023<br>51,369<br>571,619<br>65,947|
||Other creditors<br>Other taxation and social <br>Pension|security|||48,779<br>199,746<br>8,750|76,769<br>159,234<br>2,987|48,779<br>24,419<br>8,750|39,272<br>20,684<br>2,987|
||Loan||||81,818||81,818||
||Amount owed to Guild Estate||||||137,544||
||Amount owed to College|Estate|||||||
||||||3,017,872|2,671,295|1,030,789|753,901|
||The loan is a Corcnavirus<br>Business<br>from June 2021.There is a fixed legal||Interruption<br> charge<br>in||loan (CIBL) for six years and repayable<br>in monthly<br>instalment<br> place over the Play House ln respect ofthese borrowings.||||
||||||Group||||
||||||2020|2019|||
||||||8|8|||
||Included<br>within accruals are the||||||||
||following fees payable to|the auditor for.|||||||
||Statutory<br>audit||||||||
||||||40||||





## 

|<br><br>to0vs years f24 463 and the value relating to ov|er frve years|f662|836.||||
|---|---|---|---|---|---|---|
|Deferred income reconciliation||Group|||Trust||
||2020||2019|2020f||2019f|
|At 1 January 2020<br>Released during the year<br>Deferred<br>in the current year|1,341,064<br>(646,650)<br>603,821||1,366,600<br>(667,070)<br>641,534|2,023<br>(1,023)<br>68,410||2,958<br>(2,958)<br>2,023|
|At 31 December 2020|1,298,235||1,341,064|69,410||2,023|
|Creditors: amounts<br>falling due after one year|||||||
|||Group|||Trust||
||2020<br>f||2019<br>f|2020<br>f||2019<br>F|
|Loan|818,182|||818,182|||



## 

|ummary<br>of|Fund Moveme|nts|||||
|---|---|---|---|---|---|---|
|Fund Name<br>2020||Fund<br>Balances<br>31 December<br>2019<br>f|Income|Expenditure|Gains and<br>Losses|Fund<br>Balances<br>31 December<br>2020f|
|Unrestricted|Funds|3,605,505|3,135,706|(3,133,350)|(325,455)|3,282,406|
|Permanent<br>Funds|Endowment|57,007,911|||(3,251,920)|53,755,991|
|Total Funds||60,613,416|3,135,706|(3,133,350)|(3,577,375)|57,038,397|
|Fund Name<br>2019||Fund Balances<br>31 December<br>2018<br>f|Income<br>f|Expenditure|Gains and<br>Losses<br>f|Fund Balances<br>31 December<br>2019<br>f|
|Unrestricted|Funds|3,463,925|3,603,168|(3,491,226)|29,638|3,605,505|
|Restricted<br>Permanent|Funds<br>Endowment||||1,211,659|57,007,911|
|Funds||55,796,252|||||
|Total Funds||59,260,177|3,603,168|(3,491,226)|1,241,297|60,613,416|





|19|Analysis ofgroup<br>net assets|Unrestricted<br>Funds|Unrestricted<br>Funds|Endowment<br>funds|Endowment<br>funds|Total<br>2020|Total<br>2019|
|---|---|---|---|---|---|---|---|
||between funds|2020|2019|2020|2019|||
|||6|6|E|6|||
||Fixed assets<br>Fixed asset|1,676,781<br>2,480,091|1,756,802<br>2,837,195|54,200,880|57,059,220|1,676,781<br>56,680,971|1,756,802<br>59,896,415|
||investments|||||||
||Current assets<br>Current<br>liabilities|3,187,699<br>(2,572,983)|1,964,494<br>(2,619,986)|(444,889)|(51,309)|3,187,699<br>(3,017,872)|1,964,494<br>(2,671,295)|
||Long term liabilities<br>Defined benefit|(818,182)<br>(671,000)|(333,000)|||(818,182)<br>(671,000)|(333,000)|
||pension scheme|||||||
||liability|||||||
|||3,282,406|3,605,505|53,755,991|57,007,911|57,038,397|60,613,416|



|20|Analysis ofgroup funds between<br>charities 2020|Guild<br>Endowment<br>E|College<br>Endowment<br>K|Trust<br>E|Total<br>6|
|---|---|---|---|---|---|
||Capital funds<br>Endowment<br>funds|36,879,139|16,876,852||53,755,991|
||Unrestricted<br>funds|||||
||General funds|||2,525,631|2,525,631|
||Designated<br>Funds*<br>Other charitable funds|102,854|30,868|1,294,053|1,294,053<br>133,722|
||Pension reserve|||(671,000)|(671,000)|
|||36,981,992|16,907,720|3,148,684|57,038,397|
||Analysis ofgroup funds between<br>charities 2019|Guild<br>Endowment|College<br>Endowment|Trust|Total|
|||E|E|6|E|
||Capital funds<br>Endowment<br>funds|40,113,426|16,894,485||57,007,911|
||Unrestricted<br>funds|||||
||General funds|||2,385,763|2,385,763|
||Designated<br>Funds<br>Other charitable<br>funds|102,589|42,235|1,407,918|1,407,918<br>144,824|
||Pension reserve|||(333,000)|(333,000)|
|||40,216,015|16,936,720|3,460,681|60,613,416|





## 

## 

|<br><br>2019:37)were hardship<br>grants, to individuals,<br>which a|moun|ted<br>to E9,079|(2019:610,067).|(2019:610,067).|
|---|---|---|---|---|
|Total Discretionary<br>Grants|||Group &Trust<br>2020<br>2019||
|||||6|
|To relieve need, hardship,<br>distress, sickness, disability,|old|age and|479,880|565,025|
|infirmity<br>among beneficiaries<br>To provide orsupport the provision offacilibes for education<br>for<br>beneficiaries,<br>induding<br>the advancement<br>oflearning<br>and knowledge<br>To provide orsupport facilities for recreation<br>and other leisure-time|||109,070<br>111,760|209,066<br>211,910|
|occupation<br>To advance the Christian<br>religion<br>To support<br>civic pride|||1,500<br>1,400|520<br>18,600|
|To support citizenship<br>and community<br>Other charitable<br>purposes|||1,500<br>2,170|17,008<br>33,041|
||||707,280|1,055,170|





## 

## 

|Grant making<br>(continued)||||||
|---|---|---|---|---|---|
|Discretionary<br>Grants 620,000or||Group &Trust||||
|greater<br>Beneficiary||Purpose ofgrant|||2020f|
|Spring Housing<br>Association<br>Citizens Advice South Warwickshire*<br>Play House*<br>The Shakespeare<br>Hospice*<br>VASA'||Strafford<br>Housing<br>Plus Centre<br>Year 3 Frontline services for Strafford <br>Running<br>costs &support of community<br>Year 3 Hospice at Home<br>Year 3 Volunteer transport|town<br>events||85,000<br>65,825<br>57,500<br>50,000<br>35,000|
|Domestic Abuse Counselling<br>lleap<br>Strafford upon Avon School<br>Royal Shakespeare<br>Company<br>The Myton Hospices*|Service*|Year 3Strafford support<br>Year 3Strafford support<br>Schools grant<br>Winter Wonderland<br>Year 3town resident inpatient<br>service|||33,000<br>23,037<br>20,518<br>20,000<br>20,000|
|* These beneficiaries<br>were in|receipt of|grants awarded<br>to support<br>multi-year<br>programme||grants.||



## 

|iliation<br>of|grants payable|||
|---|---|---|---|
|||Group|Group|
|||2020|2019|
|||6|6|
|Commitments|31 December 2019|578,310|670,613|
|Commitments|made<br>in the period and payable|1,297,973|1,960,020|
|Grants paid|during the period|(1,337,093)|(2,052,323)|
|Commitments|31 December 2020|539,190|578,310|





## 

## 





## 

||||2020|2019|
|---|---|---|---|---|
||||K'000|K'000|
|Market value ofassets|||1,823|1,692|
|Liabilities|||(2,494)|(2,025)|
|Deficit|||(671)|(333)|
|Analysis ofamounts<br>financial<br>activities|charged to the statement|of|2020<br>E'000|2019<br>E'000|
|Current service cost|||39|36|
|Operating<br>charge|||(39)|(36)|
|Analysis ofnet return|on pension assets||||
|Expected return on pension scheme assets<br>Interest on pension<br>liabilities|||34<br>(41)|43<br>(47)|
|Net return|||(7)|(4)|
|Actuarial<br>gains and losses|||||
|Asset gain<br>Liability loss|||131<br>(469)|156<br>(349)|
|Net loss|||(338)|(193)|
||||2020|2019|
|Movement<br>in deficit during the year|||E'000|K'000|
|Deficit at beginning<br>of <br>Current service cost<br>Employer<br>contributions<br>Net returns<br>on assets<br>Actuarial<br>loss|year||(333)<br>(39)<br>70<br>(7)<br>(362)|(172)<br>(36)<br>72<br>(4)<br>(193)|
|Deficit at end ofyear|||(671)|(333)|





## 

## 


|under lease|agreeme|nts<br>to tenants (|lessees|). No contingent<br>rent is re|cognised as|
|---|---|---|---|---|---|
|The future|minimum|lease payments|under|non-cancellable<br>operating|leases are:|
|||||Group 8Trust||
|||||2020|2019|
|||||f|f|
|No later than 1 year||||72,004|74,792|
|Later than|1 year but not later than 5||years|286,076|269,848|
|Later than|5years|||107,279|178,798|



## 

## 



## 

##