## ## |||||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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DD| ## ||||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| ## ## ##