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2022-12-31-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 of Information to Auditors 18
Statement ofTrustees' Responsibilities
Independent
Auditors'		 Report 20- 22
Financial Statements 23-27
Notes to the Financial Statements 28 - 46

he progr ess ofou r ke y ai ms in 2022, year two, can be summarised
below:
Aim Pro ress 2022
To restore gross income to Income
in 2022 was 50.05m less than 2019.This shorffall
is due		 to a small
2019levels reduction
in investment
income.
To develop a property Began to deliver
a focused
property
strategy,		 to minimise
void		 periods
in
strategy with a more focused properties,
and recommence
some planned
repair and maintenance		 work.
a
roach
In addition to regular communication
with members a series ofevents		 were held
in 2022
~
Help Your Community
Grow Family Funday at the Ken		 Kennett
Centre
~
A guided
walk ofRawley Fields
~
A volunteer session at the community
orchard
~
A guided
walk of The Lench Meadows		 by Dr Nick Steggall
To engage in conversations ~
Pride or The Whore ofBabylon: an online lecture by Dr		 Miriam
Gill for
in order to act as a connector Guild Chapel supporters
to share learning and drive ~
Death Revealed- Secrets ofthe Guild		 Chapel: by Dr Kate Giles, Mark
change Perry and Rodger Palmer
~
Where Does the Money Come From?:
Trust 's Head of Finance		 a session led by the Town
~
Grant
Making:
Making
an Impact
in Strafford:
by the Town Trust's
Grants Manager
Our 2022 AGM was again delivered
through
a		 hybrid approach with members
able tojoin via a live stream ofthe meeting.
Our Chief Executive Chairs the Strafford Tawn Centre Strate
ic Partnershi		 .
An ongoing commitment to An environmental
action plan was initiated to reduce the carbon		 footpdint ofthe
the environment and Town
Trust. Two staff members
undertook
Carbon
Literacy		 training. Tree
sustainability planting
was undertaken
at Rowley Fields. The		 biodiversity
net gain		 application
for Rowley
Fields
continued.
The groundworks
and
planting		 at the
I		 ench
Meadows were completed
and preparation
was		 made to initiate the application
process for Local Nature
Reserve status.
Repair Cafe at Foundation
House
commenced
as a monthl
event.
To move ta a model of The pilot of aur first participatory
grant making		 award
continued		 in 2022 for a
artici ato rant makin ro'ect that su
orts
oun
eo le. This will be		 delivered
in 2023.
To develop additional income The first steps to developing
a fundraising
strategy
were taken		 in 2022 with a
through external funding review
and
feasibility
study
undertaken
by		 an
independent		 fundraising
streams s ecialist.

Name oforganisation Benefit in kind value 6"
Army Cadets
Babybank 1,866
Change
Grow Live		 109
Diabetic Eye screening
Escape Arts 4,249
Heart of England Woodtumers 397
Safeline 5,565
Second Thoughts
Drama Group		 3,467
Shakespeare
Lions		 2,111
Strafford
District Radio Society		 1,781
Strafford
Men's Shed		 6,047
Strafford Youth Theatre 1,524
WCAVA 762
Warwickshire
Reminiscence		 Action Project 5,590
Welcombe Radio 1,626
Total benefit in kind 37,094
*Net ofcontributions
to running		 costs or licensee fees

Summary ofDiscretionary Summary ofDiscretionary Summary ofDiscretionary Grants awarded
in 2022 (net ofgrants cancelled)		 awarded
in 2022 (net ofgrants cancelled)
Community
benefit		 Awarded Examples of Beneficiaries
8
~ Citizens Advice South Warwickshire:
core funding
and
management
support f120,937
~ The Parenting
Project: Family Wellbeing
Pathway 544,803
To relieve need,
hardship,
distress,
sickness,		 ~
~		 The Myton Hospice: core costs for Strafford residents 635,000
The Shakespeare
Hospice: core costs for Stratford residents
f35,000
disability,
old		 age 384,404 ~ Refuge: Strafford Refuge support 532,000
and infirmity ~ Spring Housing Association: Stratford
Housing
Plus Centre, year
among
beneficiaries		 ~ 2625,000
Home-Start South Warwickshire:
Core costs f18,542
~ Time 4 Hope: Time2Connect 618,322
~ Strafford-upon-Avon
Deaf Group: Strafford meeting costs 61,000
~ Hardship
fund for individuals:
administered
by CASW 510,000
To provide or ~ Grants to all town state schools, plus two out oftown state
support the schools with a large number
of Strafford-upon-Avon
resident
provision of pupils: F156,667 in total - 12grants
facilities for ~ Young Minds Matter: 1:1Mentoding
in Strafford schools 529,896
education for
beneficiaries,
including
the
advancement
learning
and		 of 212,215 ~
~
~		 Strafford StAndrew's
Cof E Primary School: Playground
shelter
f5,000
2"'Strafford Brownies: Brownie PGL trip 2022 51,000
1srTiddington
Scout Group: new leaders'
uniform 5962
knowled
e
~ Play House: community
events support 8125,000
~ Orchestra ofthe Swan: Cafe Muse 621,405
~ Street Arts Project: song writing sessions &guitar lessons
To provide or
support facilities		 ~ 815,850
Strafford Sports Club: Strafford Sporting
memories
club f16,040
for recreation and 213,123 ~ Royal Shakespeare
Company:
Like
I Care 610,000
other leisure-time
occupation		 ~
~		 Strafford &District Boxing Academy: Core costs 69,000
The Bear Pit: Community
Cinema f5,000
~ Strafford Town Girls Football Club: Growth
Plan F4,828
~ Strafford
upon Avon Table Tennis Club: Table Tennis legacy
81,000
~ Team Springboard
CIC:Core costs in support of Baker Avenue
Tosupport Community
Garden f14,000
citizenship
and		 24,985 ~ Clopton
Community
Action Group: Ken Kennett
Fun Day 61,000
community ~ Strafford-on-Avon
Friends ofthe Earth: Strafford Great Big Green
Week 2022 8785

~ Strafford upon Avon Christmas
Lights Co Ltd: Christmas		 &
Tosupport Civic Pride 24,132 ~ Jubilee
Stratford		 lights 512,000
in Bloom: floral displays f5,000
~ Funding to various
community
groups for Platinum
Jubilee Parties
86 147
Other charitable 985 ~ Accessible Stratford:
My Accessible Stratford-upon-Avon		 f985

The risk policy explains
the process for identifying,
assessing,
mitigating
and managing
the risks. Once		 The risk policy explains
the process for identifying,
assessing,
mitigating
and managing
the risks. Once		 The risk policy explains
the process for identifying,
assessing,
mitigating
and managing
the risks. Once		 The risk policy explains
the process for identifying,
assessing,
mitigating
and managing
the risks. Once		 the risk
has been
identified
and categorised,		 it is then assessed
based
on the impact
and
the likelihood
of		 the risk
occurring. Then, ifpossible, measures are taken to mitigate the risk. The policy requires that the risks be monitored
and assessed
on a regular		 basis, and states that this is done by reviewing
and discussing
the Risk Register. The
whole process is monitored by the Audit &Governance
Committee.
The Board considers that the major risks facing the Group at the end ofthe year were:
Description
ofRisk		 Mitigation of Risk
Regular project team meetings
which monitor progress,
The Riverside Project fails to meet budgets and feedback from townspeople
and local
expectations
ofSTT, SDC, CWLEP and		 stakeholders.
Commissioned
independent
report by geo-
public environmental
and geotechnical
delivery expert to gain
independent
view ofproject activity and findings.
Loss of Community
Hub
notice served
by landlord		 Facility as break Actively considering
all options for future facility for both short
and longer term. Steering Group overseeing
project. Working
closely with all stakeholders.
Change
in town centres		 and the retail Property managers
have increased
liaison with tenants,
market across the UK, resulting
in a higher		 monitoring
ofarrears
by property,
proactively
marketing		 void
level ofvoids, arrears properties.
All properties
are inspected
on a regular basis by the property
manager
and a report on repairs
required
by the tenant		 is
Commercial
tenants
fail		 to maintain their prepared
and a dialogue occurs with the tenant. Any actions
property
under the terms		 oftheir lease are followed
up on an ongoing basis. At the end ofleases, a
proactive approach
is adopted
in terms of dilapidation
negotiations
and settlements.

CHIEF EXECUTIVE Sara Aspley SENIOR Sara Aspley, Rebecca Hampson, Sara Aspley, Rebecca Hampson, Sara Aspley, Rebecca Hampson,
MANAGEMENT James McHugh,
Paul		 Fitzpatrick,
TEAM Frances Nibbs (appointed 1.7.22),
Lynn Perkins
AUDITORS Saffery Champness LLP PROPERTY Colliers International Property
StJohn's Court MANAGER Consultants
Limited
Easton Street 19eFloor
High Wycombe 103Colmore Row
HP11 1JX Birmingham
B33AG
INVESTMENT Cazenove
Capital (part of		 Schroders
&Co Limited
MANAGERS Schroders 8 Co Limited) 1 London Wall Place
1 London Wall Place London
London EC2Y 5AU EC2Y 5AU
Sarasin &Partners Charities
Property		 Fund
Juxon House Cordee Savills
100St Paul's Churchyard 33 Margaret Street
London
EC4M 8BU		 London W19 OJD
SOLICITORS Robert Lunn
& Lowth LLP		 BANKERS Barclays Bank pic
2 Sheep Street Market Cross
Strafford-upon-Avon Strafford-Upon-Avon
CV37 6EJ Warwickshire
CV37 6AP
Mills 8 Reeve
78-84 Colmore Row
Birmingham
B32AB

Unrestriicted Permanent Total funds Unrestriicted Permanent Totalfunde
funds endowment 2022 funds endowment 2021
2022 funds 2021 funds
2022 2021
E
Income from:
Donations
and legacies'		 4 37,330 37,330 236,374 236,374
Investment
income		 5 3,498,320 3,498,320 3,317,632 3,317,632
Charitable
Activities		 6 2,068 2,068 1,080 1,080
Other income 7 12,652 12,652 3,394 3,394
Total Income 3,550,370 3,550,370 3,558,480 3,558,480
Expenditure
on:
Raising funds 8 1,424,262 1,424,262 1,091,320 1,091,320
Charitable
activities		 9 2,153,662 2,153,662 1,791,902 1,791,902
Total expenditure 3,577,924 3,577,924 2,883,222 2,883,222
Net (losses) Igains on
investments 15/18 (438,110) (2,008,786) (2,446,896) 184,408 1,500,644 1,685,052
Net income and (465,664) (2,008,786) (2,474,450) 859,666 1,500,644 2,360,310
expenditure
Other recognised gains
and losses
Actuarial gains on defined
benefit pension schemes 24 286,000 286,000 358,000 358,000
Reclassification of
reserves 300,000 (300,000)
Net movement
in		 funds (179,664) (2,008,786) (2,188,450) 1,517,666 1,200,644 2,718,310
Reconciliation
of		 funds
Total funds brought forward 18 4,800,072 54,956,635 59,756,707 3,282,406 53,755,991 57,038,397
Total funds carried
forward 18 4,620,408 52,947,849 57,568,257 4,800,072 54,956,635 59,756,707
Total Total
Funds Funds
Notes 2022 2021
K E
Income from:
Donations
and legacies*		 1,516,704 1,510,112
Investment
income		 124,414 109,473
Charitable
activities		 180
Other 204,671 162,308
Total income 1,845,969 1,781,893
Expenditure
on:
Raising funds 264,155 221,226
Charitable
activities**		 1,409,694 1,085,411
Total expenditure 1,673,849 1,306,637
(Losses) Igains on investment 15 (375,230) 108,975
assets
Net income and expenditure (203,110) 584,231
Other recognised gains
Actuarial gains on defined benefit
pension schemes 24 286,000 358,000
Net movement
in		 funds 82,890 942,231
Reconciliation
offunds
Total funds brought forward 4,090,915 3,148,684
Total funds carried forward 20 4,173,805 4,090,915
Notes Group Group Town Trust
2022
K		 2021f 2022
K		 2021
K
Fixed assets
Tangible fixed assets 14 1,580,673 1,629,711 1,580,673 1,629,711
Investments 15 56,924,126 58,366,023 2,668,743 2,243,973
58,504,799 59,995,734 4,249,416 3,873,684
Current assets
Debtors 16 477,225 490,180 141,059 213,634
Cash at bank and in hand 2,111,774 2,719,338 562,849 1,031,059
2,588,999 3,209,518 703,908 1,244,693
Current
liabilities
Creditors:
amounts		 falling due within
one year 17 (3,525,541) (3,146,545) (779,519) (725,462)
Net current (liabilities) 1assets (936,542) 62,973 (75,611) 519,231
Total assets less current liabilities 57,568,257 60,058,707 4,173,805 4,392,915
Defined benefit pension scheme 24 (302,000) (302,000)
liability
Net assets including pension
liability 57,568,257 59,756,707 4,173,805 4,090,915
Funds
Capital funds
Endowment
Funds*		 18 52,947,849 54,956,635
Income funds
Unrestdicted
funds		 20
General fund 2,655,072 2,736,741 2,655,072 2,736,741
Designated
fund		 1,518,733 1,856,174 1,518,733 1,656,174
Other charitable funds (College &
Guild) 446,603 509,157
Pension reserve 24 (302,000) (302,000)
Total funds 20 57,568,257 59,756,707 4,173,805 4,090,915
2022 2021
Totalfunds Total funds
6
Cash flows from operating activities:
Net cash used in operating activities 3112555 (2~427 306
Cash Rows from investing activities:
Dividends,
interest and rents		 from investments 3,510,972 3,352,004
Purchase ofproperty,
plant and equipment		 (982) (8,367)
Proceeds fiom sale ofinvestments 487,777
Purchase ofinvestments ~1383000 ~53789
Net cash provided byinvesting activities 2,614,767 3,289,848
Cash flows from financing activities:
Repayment
ofborrowings		 900000
Net cash used by financing activities
Change
in cash and cash equivalents
in the reporting		 period (497,788) (37,458)
Cash and cash equivalents
at 31		 December 2021 ~27254 6 2~762 864
Cash and cash equivalents at 31 December 2022
2022 2021
Totalfunds
f		 Total funds
Reconciliation
ofnet income to		 net cash flow from operating activities
Net (expenditure)
/income
for the		 repcrling period (as per the statement offinancial
activities) (2,188,450) 2,718,310
Adjustments
for:
Depreciation 50,021 55,437
Losses I(gains) on investments 2,446,896 (1,685,053)
Dividends,
interest, and rent		 from investments (3,510,972) (3,352,004)
Increase) /(decrease)
in debtors		 12,955 (5,418)
(Decrease) 1increase
in creditors		 76995 ~158578
Net cash usedin operating activities 3112555 2427 306
2022 2021
Total funds Totalfunds
F 6
Analysis ofcash and cash equivalents
Cash in hand
Cash awaiting
investment
*		 2,111,774
115844		 2,719,338
6068
Total cash and cash equivalents
*f110041(2021:f0044) ofcash awaitinginvestment		 is unavailable for general expenditure 222L615
asitis an endowed asset.

Analy sis ofc hange
in net debt
At At
1 January Cashflow 31 December
2022 F 2022
6
Cash and equivalents
Cash 2,719,338 (607,564) 2,111,774
Cash awaiting deposit 6,068 109,776 115,844
Total 2,725,406 (497,788) 2,227,618
2022 2021
Total funds Total funds
Cash flows from operating activities:
Net cash (usedin)/provided by operating activities 3687 26 373
Cash flows from investing activities:
Dividends,
interest snd rents		 from investments 329,085 260,173
Purchase ofproperty,
plant		 and equipment (982) (8,367)
Proceeds from sale of investments 4,979
Purchase ofinvestments ~6000 0 ~17972
Net cash provided by investing
activities		 466918 233834
Cash flows from financing activities:
Repayment
ofbonowings		 900000
Net cash used
in financing		 activities 000000
Change
in cash and cash equivalents		 in the reporting period (463,231) (692,539)
Cash snd cash equivalents at 31 December 2021 1031083 ~123622
Cash and cash equivalents at 31 December 2022
2022 2021
Total funds Total funds
6
Reconciliation
ofnet income		 i(expenditure) to net cash flow from
operating
activities
Netincome for the reporting period (asper the statement of financial acti vi ries) 82,890 942,232
Adjustments
for:
Depreciation 50,020 55,437
Losses /(gains)
on investments		 375,230 (108,975)
Dividends,
interest, and rent		 from investments (329,085) (260,173)
Decrease i(increase)
in debtors		 72,575 (62,392)
Decrease
in creditors		 {247943) ~592502
Net cash provided /(usedin) by operating activities 3687 26373
2022 2021
Totalfunds Total funds
Analysis ofcash and cash equivalents
Cashin
hand		 562,849 1,031,059
Cash awaiting
investment		 5003 24
Total cash and cash equivalents 56Zjm
Analysis ofchange
in net		 debt
At At
1 January Cashflow 31December
2022 6 2022
6 6
Cash and equivalents
Cash 1,031,059 (468,210) 562,849
Cash awaiting
deposit		 24 4,979 5,003
Total 1,031,083 (463,231) 567,852

Group Group Town Trust
4 Donations and legacies Total funds Total funds Total funds Total funds
2022 2021 2022 2021
f f f f
Annual
giR		 from Guild Estate 979,386 983,226
Annual
giR		 from College Estate 535,097 443,303
Donations 17,330 11,734 2,221
Furlough - grant 17,230 15,173
Grants 20,000 207,410 68,410
37,330 236,374 1,516,704 1,510,112
Group Town Trust
5 Investment income Total funds Total funds Total funds Total funds
2022
f		 2021
f		 2022
f		 2021
f
Property income 2,757,244 2,596,188 44,158 34,495
Dividends receivable 741,076 721,444 80,256 74,978
3,498,320 3,317,632 124,414 109,473
Group Town Trust
6 Income from Charitable Activities Total funds Total funds Total funds Total funds
2022
f		 2021
f		 2022
f		 2021
f
Guild Chapel 1,888 1,080
Bandstand 180 180
2,068 1,080 180
Group Group Town Trust
Other Income Total funds Total funds Total funds Total funds
2022
f		 2021
f		 2022
f.		 2021
f
Interest receivable
on cash & bank		 12,652 286 4,900 150
Miscellaneous
income		 3,108 3,108
Services to Guild Estate 123,003 95,335
Services to College Estate 76,768 63,715
12,652 3,394 204,671 162,308
Group Group Town Trust
8 Expenditure on raising funds Total funds Total funds Total funds Total funds
2022 2021 2022 2021
6 6
Investment
Fund Managers'		 Fees 86,968 91,018 10,533 11,351
Property expenses 1,133,660 825,741
Support costs (note 10) 203,634 174,561
Services to Guild Estate (note 10) 156,160 130,621
Services to College Estate (note 10) 97,462 79,254
1,424,262 1,091,320 264,155 221,226
Group Town Trust
Total funds Total funds Totalfunds Totalfunds
2022 2021 2022 2021
9 Expenditure on charitable activities 6 f 6 6
Grant Making
Discretionary Grants 859,844 580,749 859,844 580,749
Foundation
House		 159,674 180,371 159,674 180,371
Non-Discretionary Grants
King Edward Vl School 585,598 550,454
Almshouses
Maintenance		 48,554 46,239
Holy Tdnity Church 7,000 7,000
Grant Making Support Costs (note 10) 286,286 239,915 293,719 249,198
1,946,956 1,604,728 1,313,237 1,010,318
Play House
Direct venue costs 37,288 42,288 37,288 42,288
Support costs (note 10) 17,974 13,530 17,983 13,548
55,262 55,818 55,271 55,836
Other activities
Bandstand 1,664 (1,528) 1,664 (1,528)
800eAnniversary Fountain 25,977 9,528 25,977 9,528
Guild Chapel 74,209 81,482
Support Costs (note 10) 49,594 41,874 13,545 11,257
151,444 131,356 41,186 19,257
Total 2,153,662 1,791,902 1,409,694 1,085,411
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Group Town Trust
2022 2021 2022 2021
E E K
15 Fixed asset investments
Investment
properties		 35,306,100 35,456,100
Quoted investments 21,102,182 22,903,855 2,463,740 2,243,949
Short term deposits 400,000 200,000
Cash awaiting
investment		 115,844 6,068 5,003 24
56,924,126 58,366,023 2,668,743 2,243,973
Investment
properties:
Market value at 1 January 2022 35,456,100 35,556,100
Net sale proceeds (378,002)
Gain on disposal (21,998)
Revaluation
gains
/ (losses)		 250,000 (100,000)
Market value at 31 December 2022 35,306,100 35,456,100
Cost or donated
value at 31
December 2022 6,188,209 6,588,209
Quoted investments:
Market value at 1 January 2022 22,903,855 21,065,012 2,243,949 2,117,002
Additions at cost 983,000 53,789 600,000 17,972
Sale proceeds (109,775) (4,979)
Investment
(losses) / gains		 (2,674,898) 1,785,054 (375,230) 108,975
Market value at 31 December 2022 21,102,182 22,903,855 2,463,740 2,243,949
Historical cost at 31 December 2022 16,092,018 15,219,018 2,225,372 1,630,351
15 Fixed asset investments Fixed asset investments Fixed asset investments (continued) (continued) Group Town Trust
2022 2021 2022 2021
6 E E E
(Losses) Igains on unrestricted funds
Quoted investments (438,110) 184,408 (375,230) 108,975
16 Debtors: amounts
falling		 due within one Group Town Trust
year
2022
E		 2021f 2022
E		 2021
6
Amounts falling due within one year:
Rents 277,767 322,546 12,126 5,864
Prepayments and accrued income 171,238 140,797 48,664 37,006
Other debtors 28,220 26,837
Amount due from Guild Estate 76,569 170,764
Amount due from College Estate 3,700
477,225 490,180 141,059 213,634
Group Town Trust
2022 2021 2022 2021
E 6 K K
17 Creditors: amounts
falling		 due within one
year
Deferred income 1,234,422 1,181,888 174 3,254
Trade creditors 85,727 121,742 16,589 23,839
Grants payable (note 23) 721,074 617,484 630,885 455,985
Accruals 1,325,008 1,010,447 90,568 79,204
Other creditors 10,289 42,616 10,290 42,616
Other taxation and social security 145,432 168,902 27,424 22,008
Pension 3,589 3,466 3,589 3,466
Amount owed to Guild Estate
Amount owed to College Estate 95,090
3,525,541 3,146,545 779,519 725,462
Group
2022 2021
6 K
Included within accruala are the
following fees payable to the auditor for:
Statutory audit

Deferred income reconciliation Group Town Trust
2022 2021 2022 2021
6 6 E 8
At 1 January 2022 1,181,888 1,298,235 3,254 69,410
Released dudng the year (499,047) (609,536) (3,254) (69,410)
Deferred in the cunent year 486,581 493,189 174 3,254
At 31 December 2022 1,169,422 1,181,888 174 3,254
Fund Income Expenditure Gains and Fund
Fund Name Balances Losses Balances
2022 31 December 31 December
2021 2022
6 8
Unrestricted Funds 4,800,072 3,550,370 (3,577,924) (152,110) 4,620,408
Permanent
Endowment Funds 54,956,635 (2,008,786) 52,947,849
Total Funds 59,756,707 3,550,370 (3,577,924) (2,160,896) 57,568,257
Fund Reclass- Fund
Fund Name Balances Income Expenditure ification of Gains and Balances
2021 31 December Reserves Losses 31 December
2020 2021
E E 6
Unrestricted Funds 3,282,406 3,558,480 (2,883,222) 300,000 542,408 4,800,072
Permanent Endowment 53,755,991 (300,000) 1,500,644 54,956,635
Funds
Total Funds 57,038,397 3,558,480 (2,883,222) 2,043,052 59,756,707
19 Analysis ofgroup Analysis ofgroup Unrestricted Unrestricted Endowment Endowment Endowment Total Total
net assets Funds Funds funds funds 2022 2021
betweenfunds 2022 2021 2022 2021
E E E E
Fixed assets
Fixed asset 1,580,673 1,629,711 1,580,673 1,629,711
Investments 3,904,638 3,342,747 53,019,488 55,023,276 56,924,126 58,366,023
Current assets 2,588,999 3,209,518 2,588,999 3,209,518
Current
liabilities		 (3,453,902) (3,079,904) (71,639) (66,641) (3,525,541) (3,146,545)
Defined benefit (302,000) (302,000)
pension scheme
asset/
liability
4,620,408 4,800,072 52,947,849 54,956,635 57,568,257 59,756,707
20 Analysis ofgroup funds between Guild College Town
charities 2022 Endowment Endowment Trust Total
E E E E
Capital funds
Endowment
funds		 36,563,709 16,384,140 52,947,849
Unrestdicted
funds
General funds 2,655,072 2,655,072
Designated
Funds"		 1,518,733 1,518,733
Other charitable funds 102,853 343,750 446,603
Pension reserve
36,666,562 16,727,890 4,173,805 57,568,257
Analysis ofgroup funds between Guild College Town
charities 2021 Endowment Endowment Trust Total
E E E E
Capital funds
Endowment
funds		 37,578,647 17,377,988 54,956,635
Unrestricted
funds
General funds 2,736,741 2,736,741
Designated
Funds"		 200,000 1,656,174 1,856,174
Other charitable funds 102,853 406,304 509,157
Pension reserve (302,000) (302,000)
37,681,500 17,984,292 4,090,915 59,756,707

Designated Designated funds 2022 2021
E 6
Play House building 1,218,733 1,256,021
Foundation House leasehold improvements 153
Foundation House ongoing costs 100,000 200,000
Foundation House future proofing 100,000 100,000
Participatory grant making 100,000 100,000
Riverside project 200,000
1,518,733 1,856,174

Total Discretionary
Grants		 Group &Town Trust
2022 2021
To relieve need, hardship,
distress,		 sickness, disability,
old age		 and 384,404 233,660
infirmity
among
beneficiaries
To provide or support the provision offacilities for education for 212,215 184,435
beneficiaries,
including
the advancement		 of learning
and knowledge
To provide or support facilities for recreation
and other leisure-time		 213,123 134,908
occupation
To support civic pride 24,132 7,240
To support citizenship
and community		 24,985 20,230
Other charitable
purposes		 985 276
859,844 580,749
Although
for accounting
purposes,		 grants have each been allocated to one object, many awards do meet two
or even three objects.
Discretionary
Grants 620,000 or		 Group 8 Town Trust
greater
2022
Beneficiary Purpose ofgrant
Play House* Running
costs 8 support		 ofcommunity events 125,000
Citizens Advice South Warwickshire" Core funding
&management		 support 120,937
The Parenting
Project		 Family wellbeing pathway delivery with families 44,803
Strafford upon Avon School Schools grant 38,849
The Myton Hospices Core costs for Strafford residents 35,000
The Shakespeare
Hospice		 Core costs for Strafford residents 35,000
Refuge (Strafford)' Support for survivors ofdomestic abuse 32,000
Young Minds Matter 1:1Mentoring
in schools		 for young people 29,896
Spring Housing Association* Strafford
Housing		 Plus Centre 25,000
VASA Core costs for community transport and activities to
reduce isolation 22,000
Orchestra ofthe Swan Cafe Muse 21,405
Domestic Abuse Counselling
Service
Support for Dada' ofchildren
with
* This beneficiary was in receipt ofa grant awarded
to support a multi-year		 special needs
programme.		 20,000
Reconciliation
ofgrants		 payable
Group Group
2022 2021
8 6
Commitments
31 December 2021		 617,484 539,190
Commitments
made
in the period and payable		 1,500,326 1,184,442
Grants paid during the period (1,396,736) (1,106,148)
Commitments
31 December 2022		 721,074 617,484

ffect on the deter mination
ofthe contribution
levels		 are as follows:
Latest actuarial valuation 31 March 2019
Actuarial
method		 Projected Unit credit method
Investment
returns
per annum		 3.7%
Pension increases
per annum		 2.3%
Salary increases per annum 2.3%
Market value of assets at date oflast valuation 81,574,000

2022 2021
E'000 E'000
Market value ofassets 2,072 2,149
Liabilities (1,516) (2,451)
Surplus / (deficit)* 556 (302)
Analysis ofamounts
charged to the statement		 Analysis ofamounts
charged to the statement		 of 2022 2021
financial
activities		 K'000 6'000
Current service cost 48 49
Operating
charge		 (48) (49)
Analysis of net return on pension assets
Expected return
on pension		 scheme assets 41 24
Interest on pension
liabilities		 (47) (33)
Net return (6)
Actuarial
gains and losses
Asset (loss) / gain (160) 326
Liability gain 1,002 43
Net gain* 842 369
*Only recognised
gain off286,000 in the accounts		 as surplus not recognised.
2022 2021
Movement
in deficit during		 the year E'000 E'000
Deficit at beginning
ofyear		 (302) (671)
Current service cost (48) (49)
Employer
contributions		 70 69
Net returns
on assets		 (6) (9)
Actuarial
gain		 842 358
Surplus
/ (deficit) at end ofyear*		 556 (302)
*Not recognised
surplus
on		 balance sheet

Group Towii Trust
2022 2021f 2022
8		 2021
Not later than 1 year 2,125,274 1,878,250 4,086 5,250
Later than 1 year but not later than 7,163,953 6,729,754 21,000
5years
Later than 5years 50,001,019 51,414,405 1,313
minimum le ase payments
under non-cancell		 able
operating
leases are:		 able
operating
leases are:
Group &Town Trust
2022
f		 2021
8
No later than 1 year 34,384 71,519
Later than 1 year but not later than 5years 286,076
Later than 5 years 35,760