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2021-12-31-accounts

Page
Joint Message from our Chair ofthe Board and Chief Executive 1-2
Trustees'
~		 Report
Report ofthe		 Trustees 3-16
~ Officers, Contacts and Advisers 17
~ Statement as to Disclosure ofInformation to Auditors 18
Statement ofTrustees' Responsibilities 19
Independent
Auditors'		 Report 20- 22
Financial Statements 23-27
Notes to the Financial Statements 28-46

Place Making Strate Strate gies. gies.
The progress ofour key aims in the first year can be summarised
below:
Aim Pro ress in 2021
To restore gross income to 2019 Income
in 2021 was 60.42m better
than 2020 at		 f3.56m only
levels 640k less than that of2019.Excellent progress
but		 this included
circaE200k
rantfundin
forone
covidrecov		 su
ort
To develop a property strategy Developed
a focused
property
strategy,
following
the impact of
with a more focused approach covid, to minimise
void periods
in properties
and		 recommence
some
lanned
re air work.
To
engage		 in conversations in This aim was somewhat
curtailed
by the restrictions
of covid.
order to actas a connector to share However,
we have made some progress
upon which we intend
learning
and		 drive change to build
in the coming year.
We launched
our programme
of member
events		 holding
three
during the autumn:
~
A guided
walk
of The
Lench
Meadows		 by
Dr
Nick
Steggall
~
Death Revealed: Secrets ofthe Guild Chapel
by Dr Kate
Giles and Rodger Palmer,
~
Grant Making:
Making
an impact
in Strafford
by James
McHugh
For the first time our AGM 2021 was delivered
through
a hybrid
approach
with
members
able to join via a live stream
of the
meetin
.
An
ongoing		 commitment to the Rowley
Fields achieved
Town Green designation,		 investigating
environment and sustainability benefits
of biodiversity
net gain for Rowley Fields		 & the Lench
Meadows.
Commitment
to creating a Local Nature		 Reserve on
the Lench Meadows.
To move to a model of participatory Pilot of our first participatory
grant
making
award		 in 2021 for
rant makin ro'ects that su
ort
oun
eo le
Development of a fundraising Awarded
funding
by The Pilgrim
Trust to develop		 next stage of
strategy for Guild Chapel medieval
painting
conservation
in 2022, with
additional
funding
conservation projects and ongoing via
crowd
funding
and
some
generous
individual
donations.
costs Awarded 5139kby The National
Lottery Heritage
Fund as part of
the Culture Recove
Fund for Heritaoe.
To develop additional income Some
considerable
success
with
funding
from		 Trusts
and
through
external		 funding streams Foundations
(Guild Chapel and Foundation
House)		 with a plan to
develo
a more com rehensive
fundraisin
strate		 in 2022.

in kind cost ofthe space wh ich each group occupies is summarised
in the table be
Name of organisation Benefit in kind value 5*
Change Grow Live 1,811
Escape Arts 4,642
Safeline 4,887
Heart of England
Woodturners		 422
Second Thoughts
Drama Group		 3,689
Shakespeare
Lions		 2,249
Strefford Army Cadets 363
Straffcrd District Radio Society 1,913
Stratford Men's Shed 6,849
Strafford Youth Theatre 551
Warwickshire
Reminiscence		 Action Project 6,293
Welcombe Radio 1,813
Total benefit
in kind		 35,482
*Net ofcontributions
to running		 costs or licensee fees

Summary of Summary of Discretionary Grants awarded
in 2021 (net ofgrants cancelled*)		 awarded
in 2021 (net ofgrants cancelled*)
Community benefit Awarded Examples of Beneficiaries
To relieve need, 233,660 ~ Citizens Advice South Warwickshire:
frontline
support f63,000
hardship,
sickness,		 distress,
disability,		 ~ Safeline: Strafford
Clinical Assessment
&Services Manager
f25,400
old age and infirmity
among beneficiaries		 ~
~		 Refuge: support for survivors
ofdomestic abuse at Stratford
Refuge f23,175
Lifespace Trust: core work f21,636
~ The Parenting
Project: Family Wellbeing
Pathway f20,445
~ The Myton Hospice: core costs for Stratford residents
plus
Inclusion
Manager f20,000
~ Escape —Community
Art in Action: core costs for Escape on		 the
Move! E17,500
~ Time 4 Hope: Time4Us f15,381
~ Strafford Foodbank: core costs E15,000
~ VASA: core costs for sustainsbility
E15,000
~ The Friendship
Project:2021/22 Stratford younger friends E6,000
~ Cruse Bereavement
Care: core costs E4,800
~ Stratford
upon Avon Childrens'
Clothing Bank: running
costs
E1,000
~ Jubilee Club: hire charges E1,000
~ Hardship
fund for individuals:
administered
by CASW E10,000
To provide or support 184,435 ~ Grants to all town state schools and the college, plus three out of
the provision
of		 town state schools with a large number of Stratford-upon-Avon
facilities for education
for beneficiaries,		 ~ resident
pupils: f124,169in total - 14grants
New Meaning
Centre Bucks Ltd: Stratford Toolshed f25,000
including
the
advancement
of
learning
snd
knowledge		 ~
~
~		 Entrust Care Partnership:
Strafford support f10,666
Leaders Unlocked:
participatory
grant making
pilot project
E10,000
TDC Strafford Youth Theatre CIC:2022 youth theatre
programme
for Stratford f6,325
~ Own Books: free books for Stratford children f1,000
~
~
~		 The Bear Pit: Here Comes the Sun E1,000
1"Tiddington
Scout Group: adult recruitment
programme f900
3"Stratford
upon Avon guides: equipment
for camping E995
~ ECO worksho: Eco U c clef980
To provide or support 134,908 ~ Play House: community
event support & running
costs f100,000
facilities for recreation ~ Orchestra ofthe Swan: Cafe Muse E17,948
and other leisure-time
occupation		 ~ Royal Shakespeare
Company:
summer events programme
E10,560 8 Clare Learning
Centre E4,400
~ Street Arts Project: music &drama project E10,000
~ Shottery
United
Football Club: running
costs F1,000
~ Stratford
upon Avon Table Tennis Club: TTKidz to Stratford
Schools f900
Tosupport citizenship 20,230 ~ Stratford
upon Avon District Council: Community
Builder f20,000
and community' ~ Stratford Timebank: core costs f14,230
~ National
Childbirth
Trust: Walk, Sta
8 Pla
E1,000
Tosupport Civic 7,240 ~ Stratford
upon Avon Christmas
Lights Co Ltd: Christmas
lights
Pride* E5,750
~ Strafford
in Bloom: displays E5,000
Other charitable 2,370 ~ Forest of Hearts: Grow Your Own Grid Garden f1,000
purposes ~ Welcombe
Radio: running
costs Et,000
~ Neighbours
&Needles: Albany
Road &Grove Road garden		 party
f370

e key respons e key respons ibilities
ofth		 e com mittees
are shown
in the table below.
Committee Res onsibilities
Audit & Governance ~ Ensuring
risk management,
governance
and internal		 control systems are
functioning
effectively and report when attention		 is required
to improve
~ Interface with external auditors
~ Review and oversight
of constitution,
regulations		 and non-operational
decision
making
~ Review, adoption
and implementation
ofpolicies		 relating to corporate and
Charit
Commission
re ulations
and laws
Grants & Community ~ Review and recommend
a Communication
Strategy		 and Grants Policy in
Engagement Committee relation to grant funding
~ Recommend
and oversee delivery of Communication		 and Grants Plan
~ A
rove and review
rant awards
Finance, Investment ~ Review ofquarterly
management
accounts,
annual		 budgets, 3year rolling
and Property plans and the annual
report and financial statements
~ Review and updating
of investment
and reserve		 policies
~ Review and oversi
ht of all
ro e
&investment		 related matters

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

TRUSTEE BOARD TRUSTEE BOARD TRUSTEE BOARD TRUSTEE BOARD
Tim Bailey (Deputy Chair of Board from November 2021 )
Gill Cleave (Chair of Grants &Community
Engagement		 Committee from November 2021)
Liz Colas
Tony Jackson (Chair ofBoard from November 2021, Deputy Chair of Board to November 2021)
Lindsay MacDonald
Matthew Macdonald (resigned 31 January 2022)
Stephen Parker
Jonathan Smith (appointed 1 April 2022)
Clive Snowdon (Chair of Finance investment &Pmperty Committee)
Josie Stevens
David Taylor (Chair ofGrants &Community Engagement Committee to November 2021)
Quentin Willson (Chair of Board to November 2021)
NON-EXECUTIVE AUDIT &GOVERNANCE COMMITTEE MEMBERS
Andreas Flor Chair from 1 January 2021 to 18February 2021 (resigned 18 February 2021)
Sundash Jassi Deputy Chair1 January 2021 to 18February 2021 and Chair from 19 February 2021 to 31 December
2021
Deputy Chair 1 June 2021 to 31 December 2021 (appointed 1 June 2021)
CHIEF EXECUTIVE Sara Aspley SENIOR Rebecca Hampson, James
MANAGEMENT McHugh,
Fiona		 Tomlinson (to
TEAM 7.8.21), Paul Fitzpatrick (from
26.7.21),Lynn Perkins
AUDITORS Saffery Champness
StJohn's Court		 LLP PROPERTY
MANAGER		 Colliers international
12e Floor
Easton Street Eleven Brindley Place
High Wycombe 2 Brunswick Square
HP11 1JX Brindley Place
Birmingham B12LP
INVESTMENT Cazenove
Capital		 (part of Schroder
Unit		 Trusts Limited
MANAGERS Schroders
&Co Limited)		 Sunderland
1 London Wall Place SR43 4AQ
London EC2Y 5AU
Charities
Property		 Fund
Sarasin &Partners Cordea Seville
Juxon House 33Margaret Street
100St Paul's Churchyard London W19 OJD
London EC4M 8BU
SOLICITORS Messrs Robert Lunn & Lowth BANKERS Barclays Bank pic
2 Sheep Street Market Cross
Strafford-upon-Avon Strafford-Upon-Avon
CV37 6EJ Warwickshire
CV37 6AP
Mills &Reeve
78-84Colmore Row
Birmingham
B32AB

Unrestricted Permanent Total funds Unrestricted Permanent Total funds
funds endowment 2021 funds endowment 2020
2021 funds 2020 funda
2021 2020
E
Income from:
Donations
and legacies*		 4 236,374 236,374 59,415 59,415
Investment
income		 5 3,317,632 3,317,632 3,073,701 3,073,701
Charitable
Activities		 6 1,080 1,080 250 250
Other income 7 3,394 3,394 2,340 2,340
Total Income 3,558,480 3,558,480 3,135,706 3,135,706
Expenditure
on:
Raising funds 8 1,091,320 1,091,320 1,427,006 1,427,006
Charitable
activities		 9 'I,791,902 1,791,902 1,706,344 1,706,344
Total expenditure 2,883,222 2,883,222 3,133,350 3,133,350
Net gains
/ (losses)		 on
investments 15/18 184,408 1,500,644 1,685,052 36,545 (3,251,920) (3,215,375)
Net income and 859,666 1,500,644 2,360,310 38,901 (3,251,920) (3,213,019)
expenditure
Other recognised gains
and losses
Actuarial
gains /(losses) on
defined benefit pension
schemes 24 358,000 358,000 (362,000) (362,000)
Reclassification
of
reserves 300,000 (300,000)
Net movement
in funds		 1,517,666 1,200,644 2,718,310 (323,099) (3,251,920) (3,575,019)
Reconciliation
offunds
Total funds
brought		 forward 3,282,406 53,755,991 57,038,397 3,605,505 57,007,911 60,613,416
Total funds cerned
forward 18 4,800,072 54,956,635 59,756,707 3,282,406 53,755,991 57,038,397

Total Total
Funds Funds
Notes 2021 2020
Z K
Income from:
Donations
and legacies*		 1,510,112 1,177,293
Investment
income		 109,473 88,243
Charitable
activities
Other 162,308 176,654
Total income 1,781,893 1,442,190
Expenditure
on:
Raising funds 221,226 227,465
Charitable
activities:		 1,085,411 1,220,061
Total expenditure 1,306,637 1,447,526
Gains on investment assets 15 108,975 55,339
Net income and expenditure 584,231 50,003
Other recognised gains and
losses
Actuarial
gains /(losses) on
defined benefit pension schemes 24 358,000 (362,000)
Net movement
in funds		 942,231 (311,997)
Reconciliation
of		 funds
Total funds brought forward 3,148,684 3,460,681
Total funds carried forward 20 4,090,915 3,148,684
Notes Group Group Trust
2021 2020 2021 2020
K K 6 6
Fixed assets
Tangible fixed assets 14 1,629,711 1,676,781 1,629,711 1,676,781
Investments 15 58,366,023 56,680,971 2,243,973 2,134,998
59,995,734 58,357,752 3,873,684 3,811,779
Current assets
Debtors 16 490,180 484,761 213,634 151,242
Cash at bank and in hand 2,719,338 2,702,938 1,031,059 1,705,626
3,209,518 3,187,699 1,244,693 1,856,868
Current
liabilities
Creditors:
amounts		 falling due within
one year 17 (3,146,545) (3,017,872) (725,462) (1,030,781)
Net current assets 62,973 169,827 519,231 826,087
Total assets less current liabilities 60,058,707 58,527,579 4,392,915 4,637,866
Creditors: amounts falling due afier 17a (818,182) (818,182)
one year
Defined benefit pension scheme 24 (302,000) (671,000) (302,000) (671,000)
liability
Net assets including pension
liability 59,756,707 57,038,397 4,090,915 3,148,684
Funds
Capital funds
Endowment
Funds"		 18 54,956,635 53,755,991
Income funds
Unrestricted
funds		 20
General fund 2,736,741 2,525,631 2,736,741 2,525,631
Designated
fund		 1,856,174 1,294,053 1,656,174 1,294,053
Other charitable funds (College &
Guild) 509,157 133,722
Pension reserve 24 (302,000) (671,000) (302,000) (671,000)
Total funds 20 59,756,707 57,038,397 4,090,915 3,148,684

2021 2020
Totalfunds Totalfunds
8 6
Cash flows from operating activities:
Nef cash usedin operating scffv(ties (2~427 897
1
Cash flows from investing activities:
Dividends,
interest and rents from		 investments 3,352,004 3,111,334
Purchase of properly,
plant		 and equipment (8,367) (6,766)
Proceeds from sale ofinvestments 1,190,055
Purchase ofinvestments ~53789 ~1284844
Net cash pmvided
by investing		 acffvfdes 3,289,848 3,009,779
Cash flows from financing activities:
Cash inflows from new borrowings 900,000
Repayment
ofborrowings		 ~9
Nef cash (usedj Iprovided by financing activities
Change
in cash and cash equivalents		 in the reporting period (37,458) 1,012.298
Cash and cash equivalents at 31 December 2020 2 762864 1 750566
Cash and cash equivalents at 31 December 2021
2021 2020
Totalfunds Totalfunds
6 6
Reconciliation
ofnet income to		 net cash flow from operating activities
Netincome
/(expenditure)		 for the reporting period (as per the siaiemsni offinancial
sciiviiiesj 2,718,310 (3,575,019)
Adjustments
for:
Depredation 55,437 86,787
(Gains) Ilosses on investments (1,685,053) 3,215,375
Dividends,
interest, and rent from		 investments (3,352,004) (3,111,334)
Increase
in debtors		 (5,418) (116,116)
(Decrease) Iincrease
in creditors		 ~15857 ~602 26
Net cash used in opersfing sclfvities 24
308
2021 2020
Totalfunds Totalfunds
2 6
Analysis ofcash and cash equivalents
Cash in hand
Cash awaiting
investment*		 2,719.338
~606		 2,702,938
59926
Total cash and cash equivalents
*66,044 (2020: 648930)ofcash awaiting investment is unavailable for general expenditure as it is an endowed asset.
Analy sis ofc hange
in net debt
At At
1January Cashgow 31 December
2021 6 2021
6 6
Cash and equivalents
Cash 2,702,938 16,400 2,719,338
Cash awaiting deposit 59,926 (53,858) 6,068
Total 2,762,864 (37,458) 2,725,406

2021 2020
Totalfunds Total funds
8
Cash flows from operating activities:
Net cash (used in) Iprovided by operating activities 26373 198076
Cash flows from investing activities:
Dividends,
interest and rents from investments		 260,173 264,897
Purchase ofproperty,
plant		 and equipment (8,367) (6,766)
Proceeds from sale of investments 263,369
Purchase of investments ~17972 ~259712
Netcash prov(dad byinvestingactivities 233834 281 788
Cash flows from financing activities:
Cash inflowe from new borrowings 900,000
Repayment
of borrowings		 ~900000
Net cash (used in) Iprovided
by financing		 activities ~900000 900000
Change
in cash and cash equivalents		 in the reporting period (692,539) 1,359,864
Cash and cash equivalents at 31 December 2020 1 723622 363758
Cash and cash equivalents at 31 December 2021
2021 2020
Total funds Total funds
8
Reconciliation
of net income I(expenditure)		 to net cash flow from
operating
activities
Net incomeI(expenditure)		 for the reporting period (as per the statement of 942,232 (311,997)
financial activities)
Adjustments
for:
Depreciation 55,437 86,787
Gains on investments (108,975) (55,339)
Dividends,
interest, and rent from investments		 (260,173) (264,897)
(Increase) / decrease
in debtors		 (62,392) 210,460
(Decrease) I increase
in creditors		 {5592502 533062
Net cash (usedin) Ipmvided
by operating		 activities {226373 ~10
2021 2020
Total funds Totalfunds
6 f
Analysis
ofcash and cash equivalents
Cash in hand 1,031,059 1,705,626
Cash awaiting
investment		 24 ~&z9
Total cash and cash equivalents
Analysis ofchange in net debt
At At
1 January Cashflow 31 December
2021 2021
8
Cash and equivalents
Cash 1,705,626 (674,567) 1,031,059
Cash awaiting
deposit		 17,996 (17,972) 24
Total 1,723,622 (692,539) 1,031,083

Group Group Trust
4 Donations and legacies Totalfunds Totalfunds Total funds Total funds
2021 2020 2021
f		 2020
f
Annual gift from Guild Estate 983,226 556,883
Annual gift from College Estate 443,303 567,962
Donations to Guild Chapel 11,734 1,210
Furlough - grant 17,230 21,176 15,173 15,419
Grants 207,410 37,029 68,410 37,029
236,374 59,415 1,510,112 1,177,293
Group Group Trust
5 Investment income Total funds Total funds Total funds Total funds
2021
f		 2020
f		 2021
f		 2020
f
Property income 2,596,188 2,397,887 34,495 21,928
Dividends receivable 721,444 675,814 74,978 66,315
3,317,632 3,073,701 109,473 88,243
Group Group Trust Trust
6 Income from Charitable Activities Total funds Total funds Total funds Total funds
2021
f		 2020
f		 2021
f		 2020
f
Guild Chapel 1,080 250
1,080 250
Group Trust
7 Other Income Total funds Total funds Total funds Total funds
2021
f		 2020
f		 2021
f		 2020
f
Interest receivable on cash &bank 286 2,340 150 603
Miscellaneous income 3,108 3,108
Services tc Guild Estate 95,335 113,893
Services to College Estate 63,715 62,158
3,394 2,340 162,308 176,654

Group Group Trust
8 Expenditure
on raising funds		 Total funds Total funds Total funds Total funds
2021 2020f 2021 2020f
Investment
Fund Managers'		 Fees 91,018 83,807 11,351 9,120
Property expenses 825,741 1,173,262
Support costs (note 10) 174,561 169,937
Services to Guild Estate (note 10) 130,621 141,269
Services to College Estate (note 10) 79,254 77,076
1,091,320 1,427,006 221,226 227,465
Group Trust
Total funds Total funds Total funds Total funds
9 Expenditure
on charitable		 activities 2021
f		 2020
f		 2021 2020f
Grant Making
Discretionary
Grants		 580,749 707,281 580,749 707,281
Foundation
House		 180,371 191,414 180,371 191,414
Non-Discretionary
Grants
King Edward Vl School 550,454 347,515
Almshouses
Maintenance		 46,239 44,763
Holy Trinity Church 7,000 7,000
Grant Making Support Costs (note 10) 239,915 256,013 249,198 250,146
1,604,728 1,553,986 1,010,318 1,148,841
Play House
Direct venue costs 42,288 47,288 42,288 47,288
Support costs (note 10) 13,530 2,936 13,548 3,109
55,818 50,224 55,836 50,397
Other activities
Bandstand (1,528) 2,444 (1,528) 2,444
800e Anniversary
Fountain		 9,528 2,714 9,528 2,714
Guild Chapel 81,482 57,611
Support Costs (note 10) 41,874 39,365 11,257 15,665
131,356 102,134 19,256 20,823
Total 1,791,902 1,706,344 1,085,411 1,220,061
8
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Group Trust
2021f 2020f 2021
K		 2020
8
15 Fixed asset investments
Investment
properties		 35,456,100 35,556,100
Quoted
investments		 22,903,855 21,064,945 2,243,949 2,117,002
Cash awaiting
investment		 6,068 59,926 24 17,996
58,366,023 56,680,971 2,243,973 2,134,998
Investment
properties:
Market value at 1 January 2021 35,556,100 38,859,600
Revaluation
losses		 (100,000) (3,303,500)
Market value at 31 December 2021 35,456,100 35,556,100
Cost or donated value at 31
December 2021 6,588,209 6,588,209
Quoted investments:
Market value at 1 January 2021 21,065,012 20,882,099 2,117,002 2,065,320
Additions
at cost		 53,789 1,284,844 17,972 259,712
Sale proceeds (1,190,055) (263,369)
Investment
gains		 1,785,054 88,124 108,975 55,339
Market value at 31 December 2021 22,903,855 21,065,012 2,243,949 2,117,002
Historical cost at 31 December 2021 15,219,018 15,165,229 1,630,351 1,612,379

Deferred income reconciliation Group Trust
2021 2020 2021 2020
f f
At 1 January 2021 1,298,235 1,341,064 69,410 2,023
Released during the year (609,536) (646,650) (69,410) (1,023)
Deferred in the current year 493,189 603,821 3,254 68,410
At 31 December 2021 1,181,888 1,298,235 3,254 69,410
17a Cre d itors:
amou		 nts falling d ue after one year
Group Trust
2021 2020 2021 2020
f f f f
Loan 818,182 818,182
The total amount recognised related to the CIBL loan repayable in full after one year, however this
was repaid early, in full, in 2021.
18
Summary of Fund		 Movements
Fund Income Expenditure Reclass- Gains and Fund
Fund Name Balances ification of Losses Balances
2020 31 December
2020f		 Reserves
f		 31 December
2021f
Unrestricted Funds 3,282,406 3,558,480 (2,883,222) 300,000 542,408 4,800,072
Permanent
Endowment Funds 53,755,991 (300,000) 1,500,644 54,956,635
Total Funds 57,038,397 3,558,480 (2,883,222) 2,043,052 59,756,707
Fund Balances Income Expenditure Gains and Fund Balances
Fund Name 31December Losses 31 December
2020 2019f f 2020f
Unrestricted Funds 3,605,505 3,135,706 (3,133,350) (325,455) 3,282,406
Restricted Funds
Permanent Endowment Funds 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

19 Analysis ofgroup Analysis ofgroup Unrestricted Unrestricted Endowment Endowment Total Total
net assets Funds Funds funds funds 2021 2020
between funds 2021 2020 2021 2020
E 6 f
Fixed assets 1,629,711 1,676,781 1,629,711 1,676,781
Fixed asset
investments 3,342,747 2,480,091 55,023,276 54,200,880 58,366,023 56,680,971
Current assets 3,209,518 3,187,699 3,209,518 3,187,699
Current
liabilities		 (3,079,904) (2,572,983) (66,641) (444,889) (3,146,545) (3,017,872)
Long term liabilities (818,182) (818,182)
Defined benefit
pension scheme		 (302,000) (671,000) (302,000) (671,000)
liability
4,800,072 3,282,406 54,956,635 53,755,991 59,756,707 57,038,397
20 Analysis ofgroup funds between Guild College
charities 2021 Endowment
E		 Endowment
f		 Trustf Total
K
Capital funds
Endowment
funds		 37,578,647 17,377,988 54,956,635
Unrestricted
funds
Generalfunds 2,736,741 2,736,741
Designated
Funds		 200,000 1,656,174 1,856,174
Other charitable funds 102,853 406,304 509,154
Pension reserve (302,000) (302,000)
37,681,500 17,984,292 4,090,915 59,756,707
Analysis ofgroup funds between Guild College
charities 2020 Endowment Endowment Trust Total
8 K 6 5
Capital funds
Endowment
funds		 36,879,139 16,876,852 53,755,991
Unrestricted
funds
General funds 2,525,631 2,525,631
Designated
Funds*		 1,294,053 1,294,053
Other charitable funds 102,854 30,868 133,722
Pension reserve (671,000) (671,000)
36,981,993 16,907,720 3,148,684 57,038,397

rant making
(continu		 rant making
(continu		 ed) ed) ed)
Total Discretionary Grants Group &Trust
2021 2020
6 6
To relieve need, hardship, distress, sickness, disability, old age and 233,660 479,880
infirmity
among		 beneficiaries
To provide or support the provision offacilities for education for 184,435 109,070
beneficiaries,
including		 the advancement of learning and knowledge
To provide or support facilities for recreation
and other		 leisure-time 134,908 111,760
occupation
To advance the Christian religion 1,500
To support civic pride 7,240 1,400
To support
citizenship		 and community 20,230 1,500
Other charitable purposes 276 2,170
580,749 707,280
Although
for accounting
purposes,		 grants have each been grants have each been allocated to one object, many awards many awards do meet two or even
three objects.
Discmtionary
Grants 620,0{lgor		 Group &Trust
greater
2021
Beneficiary Purpose ofgrant 6
Play House" Running costs 8 support ofcommunity events 100,000
Citizens Advice South Warwickshire Frontline services for Stratford town 63,000
Strafford upon Avon School Schools grant 27,097
Safeline Stratford clinical assessment
&services		 manager 25,400
New Meaning Centre Bucks Ltd Toolshed Stratford 25,000
Refuge (Strafford) Support for survivors of domestic abuse 23,175
Lifespace Ltd Core work 21,636
The Parenting
Project		 Family wellbeing
Pathway		 20,445
Strafford-on-Avon
District Council		 Community
Builder		 20,000
The Myton Hospices
* This beneficiary was in receipt ofa grant		 Core costs for Stratford residents
& Inclusion
awarded
to support a multi-year
programme.		 Officer 20,000

sumptions
and
re as follows:		 other data that have the most significant effect on the determ ination
ofthe con
Latest actuarial valuation 31 March 2019
Actuadial
method		 Projected Unit credit method
Investment
returns
per annum		 3.7%
Pension increases per annum 23%
Salary increases per annum 23%
Market value of assets at date of last valuation 61,574,000

he Trust's share ofas sets
in the scheme a		 nd the expecte d rates of ret urn were:
Rate of 2021 Rate of 2020
Return 6'000 Return 6'000
Equities 5.9% 1,246 59% 1,131
Bonds 2 7% 559 2 7% 492
Property 7.0% 301 70% 164
Cash/liquidity 43 36

2021 2020
6'000 8'000
Market value ofassets 2,149 1,823
Liabilities (2,451) (2,494)
Deficit (302) (671)
Analysis ofamounts charged to the statement of 2021 2020
financial activities F'000 6'000
Current service cost 49
Operating charge (49) (39)
Analysis of net return on pension assets
Expected return on pension scheme assets 24 34
Interest on pension
liabilities		 (33) (41)
Net return (9) (7)
Actuarial gains and losses
Asset gain 326 131
Liability gain
/ (loss)		 43 (469)
Net gain / (loss) 369 (338)
2021 2020
Movement
in deficit during the year		 f'000 f'000
Deficit at beginning
of		 year (671) (333)
Current service cost (49) (39)
Employer contributions 69 70
Net returns
on assets		 (9) (7)
Actuarial gain
/ (loss)		 358 (362)
Deficit at end ofyear (302) (671)

e future
 mi nimum
lease payments
under non		 -cancellable
operating
leases		 -cancellable
operating
leases
Group 8 Trust
2021 2020
6 8
No later than 1 year 71,519 72,004
Later than 1 year but not later than 5years 286,076 286,076
Later than 5 years 35,760 107,279