Charity rggistraliorb number.. 1096936
The Sir Tom Cowie Charitable Trust
Annual Report and Financial Statements
for the Year Ended 31 August 2021

The Slr Tom Cowle Charltable Trust
Contents
Reference and Adminlstrallva Detsils
Trustèès. Report
2to5
Independent Auditors, Report
6t08
Statsfflent of Financial Aclivities
Compvatlv8 Sl318m8nt ol Financial Activities
10
Balance Sheet
11
Notes to the Finan¢ial Ststements
12to23

The Sir Tom Cowle Charltable Trust
Reference and Administrative Details
Trustsos
Mr D A Gray. Chairman
fvlr P R Blackett
Lady D Cow
Eslale Office
Broadwood H811
Lanchester
County Durham
DH7 OTD
PTlncipal Officg
Charlty R•gi¥tration Numb•r
1096936
Sollcttors
BHP Law
Weslgate House
Faverdale
Dartinglon
Co Durham
DL3 7RT
Bankers
Barclays Bank p
Newcastle City
71 Groy Stre91
Newcastle upon Tyne
NE1 6EF
Auditor
MHA Tail Walker
Chartgr8d Ac¢ountants & Statutory Aujilor
Bulman Housa
Regent Cenlre
Gosforth
Newcastle upon TyMe
NE3 3LS

The Sir Tom Cowie Charltable Trust
Trustees, Report
The Iruslèès present the annual report together w((h the financial ststern8nts and auditor5, report of
the charfly for the year ended 31 August 2021.
StTucturoi gov•rnance and managernent
Natur? ofgovgrning document
The Sir Tom Cowie ChartstrAe Trust is a re9istsred charity Iiegistèred number 1096936)-
The governing documenl is the Tiusl Deed dated 20th January 2003, inclLKlk)g Ihe followng
restrictions..
.There shall be at least tWD trustees al all Iirnes, who shall be al least 18 years old.
.No trustee shall require any interest In property belonging lo the charity, recèlve any remuneratbn
from the charity OT be interested in any contract entered into by the truste8S.
.Truslees shall be able lo receive payment in good faith for..
.PrDfe55ional charges provided the benefiting Iruslee was not present at any meeb'ng al which his
aprx)intment or remuneration was discussed.
.Inlerest on money lent lo the charity provided the interest ratè does not exceed 2% less that Ihe bank
clearing ral8.
.Rental income for prèmhes lot lo the charity piovldad the beneffting trustee was not present al any
meeting al which the lease or rentals payable was discussed.
.Reimbursemenl Of reasonable out ol pocket expens08. incurrgd in their capacity as a Iruslee.
The Iruslees shall hold al least two ordinary meetings in each year. Decisions ar8 detsrmined by the
majority of votss at moelings. If no majority 15 detemilnwl tho chalrman shall h8V9 Iho ¢asting vol8.
The Iruslees also act as the organising commiitee of the charity.
Arrangemeftts for settiny key manaqem•ntpersonnel rnmun•ration
Thè charity (k)es not employ any one direcly. The board. together the charity correspondent, run
the day lo day grant giving aGtivilies of the charity. As a ￿$Urt there are no key management
rsonn&l.
Rlsk Management
The trustses have conducted a rewew ol tho major risks lo which the charty is exposed and the
systems have been estsblished to mitigate those risks.

The Slr Tom Cowle Charltable Trust
Trustees. Report
ObJ•ctlv8s and •ctlvltlo0
ObJ8cts and alms
Tha oty'ectives of the charity are the promotvjn for publlc benefit within the City of Sunderland
and County Durham by 811 or any of the following means..
.The relief of povety in such ways as may be thought fft.
.The advancement of educatK)n in such ways a5 may be thought fft.
•The ￿lief of unemployment in such ways as may be thought fil.
*Tha provision of aÈsistartè in th* provision of housing for thoso who we in conditions of need 2nd
the improvement of housing. provided that such powers shall not extend lo rdieving any local
authorities or other bodies of a statutory duty lo provide or improve housin9.
IThe maint8nan¢è, improv8m8nt tsr provision of public amènitiès.
•The preservation of buildings or sites of historical or archi18Ctural importance.
.The prOv￿lon Dr assistan￿ in the provision of fecreatK)nal facilities for the pU￿1C al large ancvor
those who, by reason of their youth, old age, infirmity or dis8blement, p￿rtY or soclal and economlc
cArcumstsnces. need such facilities.
.The protection or conservalion of the environment.
.The preservation and prolaction of health.
The promotion of public safety and prevention of Grime.
.Such other means as may from lime to lime be del8rn1ined subject lo prior consent of the
commissioners.
Fundraising disclosures
The charity is required lo report how il deals wth fundraising from the public. The charity does not use
a professionai fundraiser or commerd81 partbcipalor lo ralsg funds. Any moni8s raised dir8cI from Ihe
public follows all guidelines sel out by the Charity Commission and UK law in every respect. We
re$wGt tho privaGy and ￿nI¥¢t pref¢rèn¢o$ of all public donors.
Publk b8n•flt
The Charily intend5 to cotrtinue ID benenl the publlG ol Sundtsrland and County Durham area.
The Charity continues to run its own websiie, www.stcct.co.uk, to whith 811 PL)tential a￿l¢antS are
ntsw directed to see if they meet the criteria for grants and, ff so. lo make".heir applKallon onllne.
The Trustees confimi th8t Ihey obtsin as much media coverage as pJssible when donations 8re
made. Where appropriate and possible, the Trustees olso encourage the inclusion of the Charity's
nam6 and logo whon donats'ons are made. The Tmsteas con8lder that th8 abov8 publicity raises
awareness of the Charity which in tum ensufes that the public are aware of the Charity and IhergfcKe
provides the opportunily for pe0F￿e to Op￿Y to the Charity for consideratKn.
The truslges confirm Ihal Ihgy have comrAied with Ihe requiramènls of section 17 01 th8 Charili8s Acl
2011 to have due regard to the public benefit guklance published by the Charlty Commission for
England and Wales.
Grant maklng policles
The charity invite5 applicatlon5 for fundlng fiuwii iiKliv1¢Jual￿ ur instltutions located wtthin its area of
benefit. The trustees meet regularly to revi￿ applthlions and approve or refvse grants.

The Slr Tom Cowle Charltable Trust
Trustees. Report
Achbèv•ments and p•rforrnanco
Effecb"v8ly. the last financial year was significantly aff8Cted by the COVID-19 parKlemic, whlch
resulted In tho majorlty of sthool ￿lentatsd visits and trips baing cancelled for th8 year and a number,
including the proposed Ocean Youth Trust trip foi four schools, have been movgd forward to 2022.
Further granls were made. including £10,000 towards new equipment al the Sunderfand Communlty
Soup Kitchen and £10.0(J) to the St Mark's Community Centre.
A grant of £50,000 was made Ic the Foundation of Light t(Mrds th￿r Wear Together project,
focu66èd on poopl& in Sundowland and Impact of th• pandemlc.
A new project, working w¢lh schools during the 2021122 academic year for the Wear Rivers Trusl wa$
agreed al a cost of £16.795.
Finally. the Sir Tom Cowe Scholarship at Sunderland University ￿)ntInueS with the hyo siudents for
2020121 academic year achievin9 first class honours degrees.
Flnanclal r•vl•w
The financial position for th8 year shows not irKomlng funds of £490,135. includlng nèt gains on
Investment assets of £630.433. Total funds amount lo £5.978.e26 as al 31 st Au9usI 2021. 01 vknich
endowment funds are £5,988,553. and restricted funds of £68. The Irustee5 consider the financial
position of the charity lo be satisfactory.
The trustees have considgred th8 financial posity?n in Ilghl of the ongoing sf(ualion in Telation to the
Covid-19 virus and on condusion of this work and given the strong cash and investment balan￿.
consider that th•r• are no material uncert8inti8s about th8 charitl5 aLility to continue as a going
conc8rn.
Pollcy on resotvos
The Iruslees have reviewed future oulgoings and consider the CL¢rrenl level of reserves appropriate to
gènarale sufficient income lo pay future donab.ons and expenses.
Inv•stm8nt policy and oble¢tives
Trustees may invest as they see fit, having reg8r(I for the stsndard investment critsria as defined by
section 4 of the Trustee kt 2000.

The Slr Tom Cowle Charltable Trust
Trustees. Report
Statemenl of Trust•os' Rosponsibiliti05
The Irust80s arè responsible for preparing the trustees. repK)rt and the financ￿ statements in
accordanca ¥￿th Ihe Unitèd Kingdom Accounb'ng Standards (United lQngdom Generally AG¢epled
Accounting Pra¢tice} and applicable law and regulations.
The k8w applicable lo charities requires the trustees to prepare financial statements for each fir)ancial
year whi¢h give a true and fair view of the slat8 of affalrs of th8 charity and of the incoming resource5
and applicatiDn of r8sour¢9s of thè charlty frjr that period. In preparing these flnan¢lal slatemenls, the
trustees are requirod lo..
sÈlecl Sultsb￿ accounting pdicies and th8n apply them Consist￿￿Y'.
observe the methods and principles in the Charities SORP.,
m8ke judgements and ￿tiMateS that are reasonable and prudent.,
stato whether applicable accounting standards have been fdlowed, subjacl to any material
departures discknsed and explained in the lin8nc¢al statements., and
prepare the financial statements on the going concem basls unless it is inapproprlata to pr8suma
that the charity will continue in business.
The Iruslees a￿ re8ponsible for keeping propèr accounting rocords ltral disclose with reasonable
accuracy al any timè the financial position of the charity and enable them lo ensure that the financial
ststem8nts comply with the Chartries Act 2011. the appI￿able Charikn'es (Accounts and R8POrts
Regulations. and the provtsions of thè conslitulion. The trustees are also responsible for safeguarding
the assets of Ihe charity and hence for taking reasonable steps for the prevention and detection of
fraud and other irregularities.
Dlsclosurfr of Informatlon to audltor
Each IrLJStee has taken steps that they ought lo have taken as a trustee in order lo make themselves
aware ol any relevant audit information and lo estsblish that the charity's auditor is aware of that
Informallon. The Iruslees conflmi that there18 no re￿vant infom)ation that they know of and of which
they know the auditor is unaware.
R8appolntmgnt of audltor
A resolution for the re•apKx>intment of MHA T8it Walker as auditors of the tharity is lo be proposed at
the forthcoming Annual Ganeral Meeting.
The annual report was appraved by the Iruslee8 of the charity on
behalf by.
and signed on Its
rDAGf8y
Trustee

The Slr Tom Cowie Charitable Trust
Independent Auditorfs Report to the Members of The Sir Tom Cowie
Charitablo Trust
Opinion
We have audrted the financial slalemenls of The Sir Tom COW￿ Charitable Tru51 (the '¢harity'l for Ihe
year 8nd8(131 August 2021, which comprbse th8 Ststemenl of Financial ktivities, Balancg Sheel, and
Notgs to the Financial Statemenls, including a summary ol significant 8¢counting polic￿S. The
financial r8porting fram8WDrk Ih3t has been applled in thair praparalion is United Klngdom Accounting
Standards, comprising Charities SORP- FRS 102 The Financial Reporting Slandar(i applicable in the
UK and Republic of Irelan(J' and applicable law (United Kingdom Generally Accepted Accounting
Practkel.
In our oplnlon the flnanci81 statemenls:
give a true and fair ifiew of the state of the charity's affairs as al 31 August 2021 and of its
incoming resources aTrJ application of resources,including its income and expenditure for the year
then ended;
havc bccn propedy prepared in accordanc& with Unlt8d Kingdom Gworally Accepted Accounting
Practice., aThJ
have been prepared in accordan￿ ￿￿th the requirements of the Charilies Act 2011.
8•sis for opinion
We conducted our audit in a¢¢￿ance with International Standards on Auditing IUKI IISAS IUKII and
applicable law. Our reswnsibililies under those Standards ale further described iri the Auditor'5
responsibililies for the audit of the financial statements section of our r8POrt. We afe independent of
the charity in ac¢or(tanca wlth the ethical requirements that are relevant to our audit of the financial
statements in the UK, induding the FRC'S Ethical Standard, and we have fulfilled our other ethical
r98ponsibilitlgs in accordanco With thgse requirements. Wè bèligV• that the aLJdit èvidèncè wè have
obtained is sufficient and appropriate to provide a basis for our opinion.
Concluslons relatlng to golng ￿ncern
In auditing the financial stalemenls, we have concluded that the trustees use of the going concem
basis of accounting in the preparation of the financial statements is apprc¢)riate.
B8seLI on the work we have perfomied. we have not ¥Jentified any mateitl uncert8inti8s re18ting to
events or condltK)ns that, individually or collectively, may casl significant doubt or) the ¢hadty's 8billly
to continue as a going concern for a period of at ￿ast ty￿1ve monlhs from when the original financial
stslements were aulhorised for issue.
Our responsibilities and the responsibilities of the trustses with respect to going concern are
dascribad in Ihe relevant sections of this report.
Othor infom)atlon
The trustees are responsible for the other informa￿n. The other inform81ion comprises the
Inforrnalion included In the annual report, other than the flnancial staternents and our auditor's report
thereon. Our opinion on tie financial slalemenls does not cover the olhgr information and, except lo
the 8Xtenl otherwise explicitly slalad In our report, we lo not exprgss any form of assurance
conclusion thereon.
In conngclion wllh our audit of Ihg financial statements. our rasponsibility is to read the other
information and, in doing so, consider whether the other information is malefially inconsistent with the
linancial statements or our Knowle(Jge obtained In the audii or oihewse appe8rs 10 E)e maierlally
misstated. If we identrfy such material inconsistencies or apparent material misstatements. we are
raquir8d to determine whether there is a malefial misslalemenl in tha financial stalem8nls or a
material misstalemenl of the other information. If, based on the work we havfj performed, we conclude
Ihal there is a material mi$statement of this other information, we are reqJired lo report that facl.
We have nothing to report in ihis regard.

The Sir Tom Cowie Charltable Trust
Independent Auditor's Report to the Members of The Sir Tom Cowie
Charitable Trust
Matt•rs on whlch wo ar• r•qulrod to r•port by ex￿PIlOn
In the light of our knowledge and understanding of the charity and its environment obtained in the
urs8 of th8 audit, w6 have not idènlifi&d material misstalemenls in the Trustèes, Report.
We have nothing to report in respect of the followng matters where the Charilies Act 2011 requirès us
to report to you if. in our opinion..
sufficient accounting records have nol been kept, or
the financial statements are not in agreement with the accounting record5 and returns- or
' w8 have rv)t received an the infornialion and ex ￿anatIonS we require for our 8u(Jit.
Responsibilities of trustè
As explained more fully in Ihe Statement of Trustees. Responsibilities. the trustees are responsible for
the preparation of the financial siatements and for being satisfied that th?y give a true and fair view,
and for such inicrnKJI eonlrol as th¢ trustecs dctcrminc is neI￿$S￿ry to cnAbl¢ the prtpar&tion Of
financial slatemenls that are f￿e from material misststemenl, wheth&r due to fraud or error.
In preparing the financial slalemerts, the trustees are responsible for assessing the charivs ability to
continue as a going concern, disdosing. as applicable, matters related lo going concern and using the
golng concern basis of accounting unles5 the Iwslees either intend to liquidate the charity or to cease
operations, or have no realistic altemative but lo do so.
Auditor's responsibilities for the audlt of the financlal statemonts
Our objeclivgs are to obtain reasonatrAe assurance about whether the financial statements a$ a whole
a￿ Iiee from malgri81 misstalemenl. whether due lo fraud or error, and lo issue an auditor's report
that includgs our oplni¢)n. R¢asonabl¢ as$uran¢o is a hKJh lovel af assuranco, but is not a guarantoo
that an audit ¢onduGled in accordance with ISAS IUKI will always delect a material mi5Stalement
when il exists. Mi55taleTnents can arise from fraud or error and are considered fflalerial if, individually
or in the aggregate, they Could reasonably be expected to inlluence the economic decisions of users
taken on the basi5 of these finanrAal stal8m8nts.
Irr8gulariti8s. includino fraud. arè Instant8É of non-etsmpllanee with laws and r8gulations. We deslon
procedures in line with our responsibilities, outlined above, to detect material misslalements in respect
irregularities, including fraud. The &Klenl to which our procedures ar& capable of detecting
irregul8rities, including fraud is detailed below..
Enquiries wth managenEnt ab￿t any known or suspeded instances of non-comF4iance Mth laws
and regulations and fraud.,
. Rev￿wing board minutss,,
Challenging assumption5 and judgements made by management in their signrficanl accounting
eslirnatss.,
Review financial statement disdosurgs and testiro to supporting do¢umentalion to assess
compliance with applicable laws and regulalions., and
Auditing Ihe risk of management override of controls. including through testing journal entries and
other adlustmanls for approprialgness.
Because of the field in which the dlenl operates, we klenlrfled the following areas as those mosl likely
to have a malerbal impact On the financlal slatemenls.. Heatth and Safety., antl-bribery and ¢orrupllon,'
and compliance with the UK Charities ACL
Owing lo the inherent limitations of an audit. there is an unavoidable risk that some material
misstalemenls in the financial statoments may not be delecled, even Ihough the audit is properly
planned and perfornied in accordance with thg ISAS (UK). For lislance, the further removed
non-compliance is from the events and transactions reflected in the financial statements. the Igss
1Skely the auditor is to become aware of il or lo recognise the non-compliance.

The Sir Tom Cowle Charltable Trust
Independent Auditor's Report to the Members of The Sir Tom Cowle
Charitable Trust
A further description of our responsibilities for the audit of the financial slaloment$ is kscated on the
Financial Rep)rting Counal's wobsiie 81 www.Irc.org.uklau¢Jilorsr8sponsibllit19s. This d8SCriPtion
fom$ part of oui auditor's repo
Use ofour roport
This report is made SO￿lY lo the charity Irusle6s. as a body, in accordance with wlion 144 of tha
Charit￿5 Act 2011 and regulations made undèr section 154 of that Act. Our work has been
undÈrt8ken ao that we might state to the tru8toes Ihosc matt¢rs we are reqUI￿d to state to twsteos in
an auditors, rèport and for no other purpos8. To the lullesl extent p8miitled by law, we do not accept
or a&sume responsibility lo anyone other than the charity and its Irusttres as a body. for our audit
work, for this report, or forthe opinions we have formed.
Simon Brown BA ACA DChA (Senior Statutory Auditor)
For and on bahalf of MHA Tait Walkgr
Chartered Accountants
Statutory Auditor
Bulman House
Regent Centre
Goslorlh
Newcastle upon Tyne
NE3 3LS
Dale..
MHA Tail Walker is a trading name of Tail Wa*er LLP.
hAHA Tait Walker is eligiol8 for appointment as auditor of the ch8rity by virtue of ils eligibility for
8ppointm8nl as auditor of 8 company under section 1212 of the Companies Act 2W6.

The Slr Tom Cowle Charltable Trust
Statement of Financial Activities for the Year Ended 31 August 2021
Total
2021
Total
2020
Unr•strl¢t•d R05tr1ct•d Endowmont
Income and Endowm•nts from:
Investm8nl income
107,321
107.321
103,978
Expendlture on:
Fiaisiw fund$
Charitable activities
19,1691
181,37C)
127,5071
29,573
136.6761
210,943
136.7661
149,191
Total Expenditure
Gainslllossesl on
investment assets
190,539
57,080
247.619
185.957
45,026
585.407
630,433
72,671
N81
lexpendrturelfincome
138,1921
528.327
490,135
1154,6501
Gross transfers between
funds
2.765
2,765
Nel movement in funds
140,9571
531,092
490,135
1154.6501
ReconcSllallon of funds
Total funds brought
fcfward
30,962
68
5,457,461
5,488,491
5.643.141
Total funds carriod
foNard
13
9.995
68
5,988,553 5,978,626 5,488,491
AJI of the charity's adivitie5 derive from continuing operations durfng thè above periods.

The Slr Tom Cowie Charitable Trust
Comparative Ststement of Financial Activities for the Year Ended
31 August 2020
Total
2020
Unrestricted
R•strfctad
Endowment
Note
Income and EndowmentB from:
Investmenl income
103,978
103.978
Exp•nditure on-
Raising funds
Charltabl8 aclivllles
19,1911
120,086
127,5751
29,105
136,766
149,191
Total &xpgnditur8
Gain81llossesl on
investment asse15
129.277
56,680
185,957
32,162
1104,833
172.6711
Net incomellexpenditurel
Gross tran8far8 ￿￿een
fund5
1161,513)
{154,6501
17,357
17,357
N81 movèment in funds
110.4941
1144.158)
{154,6501
Reconciliation of funds
Totsl funds brought forward
Total funds carried fonydrd
41,456
68
5,601.617
5.643.141
13
30,962
68
5,457.461
5,488,491
10

The Slr Tom Cowie Charltable Trust
(Registration number: 1096936)
Balance Sheet as at 31 August 2021
2021
2020
Fixed assets
Invostmènts
5,887,154
5,361.868
Current assets
Dgbtors
Cash at bank and in hand
10
11
671
195,264
188,026
195,935
186,693
Credltors: Amounts falllng due wlthln one yèar
Net current abs•l8
12
104.463
62,070
91,472
126,623
Net assets
5,978.626
5,488,491
Funds ¢fth• ch•rfty:
Endowm•nt funds
5,988.553
5,457,461
R•stricl•d Ineome fvnds
Reslricled fund5
13
Unro$trictsd incomè fund8
Unreslricled funds
9,995
30,962
Total fun(ts
13
5,978 626
5,488,491
The financial statements on pages 9 10 23 wer& approved by th8 twslees, and a￿horised for i88uè on
1*/.121-1.).. and signed on iheir behalf by..
MrDAGray
Trustee
11

The Sir Tom Cowle Charltable Trust
Notes to the Financial Statements for the Year Ended 31 August
2021
1 Accountlng pollclgs
statement of compllanc•
The financial statement5 have been prepaTed in accordance with Accounting and Reporting by
Charities. Slatement of Recommended Practice applicable lo charities weparing their 8¢counls in
accordancè with th8 Financtal R8POrting Standard applicablè in the UK and Republic of Ireland IFRS
1021 (effective 1 January 20191- (Charities SORP IFRS 10211, the Financial Reportbng Standard
apwicable in the UK and Reput￿lC of Ireland IFRS 1021 and the Charitses AGI 2011.
Basls of preparation
The Sir Tom Cowe Charitable Trust meets the definitk)n of a public benefil entity under FRS 102.
Assets and liabilities are initially recognised al historical cost or transaction value Ltnless olherwi$e
staled in the relevant accounting policy notes.
The functional currency is slerflng.
Exomptlon from preparing a cash flow statemgnt
The charity opted 10 8dow Bulletin 1 published on 2 February 2016 and havg therefore r￿t induded a
ash flow slal8mènt in these financial slalemenl5.
Going concèrn
The trustees have considgred the financial positkin in IpJht Of thè ¢)ngoing 8itualion in relation to th8
Covid-19 virus and on ¢ondusion of thi8 work. gNen the strong and invosb))ent balance,
consider that there are no material uncertainties atout the Charitys ability to continue as a going
concem.
Estimation uncertalnty 4nd ludg*m•nts
The preparation of the finanGial 5tatemEnt5 f8qUbres management to make jud9&ments, estimatss and
assumptions Ihat affect the amounts reported.
Managamant have provided depre￿allon, prepayments, accruals and other cut-off adjuslmenls.
Whilst management believe thal these esliffl8les and judgements are accurate, there 18 evgry
likelihood that they will not be exact.
These estimates and judgements 8re continually r8viewed gnd are based on experience anil other
factors. including expectalian5 of future events that are believed lo be reasonable under the
cir¢umstancgS.
12

The Slr Tom Cowie Charltable Trust
Notes to the Financial Statements for the Year Ended 31 August
2021
Income and •ndowm•nts
Voluntary income including donations, gifts and ￿93c19S and grants that provide CO￿ funding or are of
goneral nalufe are recognised where there is enlitlemenl, certainty of receipt and Ihe amount can be
m9asurod with sufficignt ￿liabilIty. Such income is onty deferred when..
. The donor specrf*s that the grant or donation musl onty be used in future
accounting peri&Js'. or
v The donr)r has Imposed condllions Nthich musl be met before the charily has
unconrllllonal entitlement.
Inv•stment incom•
Dividends are recognssed once the dlvldend has been declared and notification has been re￿iVed of
the dlvidend due.
Income from investments is included in incoming resource5 when the charity is entided to receipt.
Expgnditure
l expenditure is ￿cOgnised once the￿ a legal or construrtive obligatson lo that expenditu￿, it is
pmbabl8 salllèmgnt is requlred and the amount ¢an be measurad raliatly. AJI c051s are allocated to
the applicable eKpendilure heading that aggreg8le similar ¢osts to that category. VVher& costs cannot
be directly attributed lo particular headings they have been allocated on a basis consistent wilh the
use ol resources, ￿th central staff costs alk)¢alèd on the basis of time spent, and depreciation
charges allwaled on the portion (rf the asset'5 use. Other support costs arfj alocaled based on the
spread of staff costs.
Raising funds
These are costs incurred in attracting voluntary income. the management of investments and those
Incurred in trading activities that r8ise funds.
Charftable actlvltle$
Ch8rit8ble èxpenditure comprises those costs incurred by the charity in the delivery ol its activiiEs
and services for its beneficiaries. It includes both costs that can be allocated direcly lo such activitEs
and those costs of an indirect nature necessary lo support them.
Governance costs
These include the costs attritrwjtable to the charit15 compliance th conslilulional and slautory
requiremerrts. induding audit, strategic managèment and trustees'g meetings and reimbursed
exp8nses.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 S¢hedLle 6 of the Finance Act 2010
and therelore it meets the definition of a charitable company for UK corporation tsx purposes.
Accordingly, charity is potentially exempl from taxatK)n in respect of income or capit81 gain5
received within categories cove￿￿ by Ghapler 3 Part 11 of the Corporation l ax Act 201V or Seuion
256 of the Taxation of Chargeable Gains Act 1992. to tha extent that such income or gains are
applied exclusivety lo Charitab￿ purposes.
13

The Slr Tom Cowle Charitable Trust
Notes to the Financial Statements for the Year Ended 31 August
2021
Flx•d assot Invoslmgnts
Fixed asset Investments are included at market value al the balance sheet date. Re81ised g8ins and
losses on investments ar8 Calculated as the difference between sa18s proceed8 and their market
value al the start of the year, or their subsequent cost, and are charged or crediled to the Stat&ment
of FSnanckg1 A¢ifvf(igs in Ihe period of disposal.
Unrealised gains and losses represent the movement in markel values during Ihe year and are
edlled or chargèd to the Ststement of Financial Aclivrtles based on the market value al the year end.
Trade debtors
Trade and other d8blors are recognised at the sattlemènt amount due after any trade discount
offered. Prepayments are valued at the amount prepaid nel of any trade discounts due.
Cash and cash equival•nts
Cash arKI cash equivalents comprise cash on har￿ 8né call deposiis. and other short4erm highly
liquid investments that are readily convertible to a known amount of cash and are subjacl to an
insignificant risk of chango in value.
Trade creditors
Creditors and provision5 are recognisgd wh8r8 the charity has a present obligation resu111ng from a
past 8venl that will probably result in tha transfgr of fund8 10 8 third party and the amount due lo sollle
the obligation can be me8sured or estimated reliatAy. Creditors and provi8ion are norTn8lly recognised
at their settlement amount after allowing for any Irdde discounts due.
Fund structurn
Unreslricled funds comprise those funds which the Iruslees are free lo use for any purpose in
furtherance of the G*aritable obl8cts. Unr8stricted funds can include designatsd fL4nds where th8
trustees. at their discretion. hav8 Creatéd a ftjnd for a specific purpose.
Restricted funds are fun(È which are to be used In accordance wth speciftc restrlcllons imposed by
the donor or trust dèéd.
The charity has an expendable enLtowment fund, cr8al8d by a donation from Sir Tcffl Cowie. The
income of Ihis fund 18 used to purGhase properties and investments, to genora19 tund8 for tho
expandilura raquirad lo rneot the charitabl8 objectives. Th8 lemis of the fund allow th8 illcDm8 to b8
accumulated and the capital lo b8 spent if th8 trustees so detamiine. The intention of the Iruslees is to
preserve the capital. as far as possible, spending the in(vme earned froTh the inveslmenls. However.
the trustees wim continue to consider each potential application for fvndiig on ils own merit and may
choDse lo suppori larger applications 8ven if thèse erode the capital valug of the endowmellt fund.
The Endowment Reserve at each financial year end fjquales to the aggregate value of Fixed Assel
Inveslmenls, C8sh held by the investment broker (which is r￿QgniSed in current assetsl less any
liability lo pay donations (which are recognised in current liabililiesl.
14

The Slr Tom Cowie Charltable Trust
Notes to the Financial Statements for the Year Ended 31 August
2021
2 Investment income
UnroStrict•d
funds
General
T¢tal
2021
Total
2020
Interest reCeIv8b￿ 8nd slmllar Inc(Kne'.
Inlgrost roc8ivatAe on b8nk deposits
Oth&r incomo Irom fixod asset investments
413
103.565
107,321
107.321
107,321
107,321
103,978
3 Expendllure on ral#lnll tlJnd#
al Invostmont managemont costs
Unr•$lrictsd Endowment
funds
funds
Gonoral
Expendable
Total
2021
Tolal
2020
Note
Other investment management
ccjsts..
Amounts payablo to investment
managgrs
9,169
9.169
27,507
27,507
36,676
36,676
36,766
36,766
Inveslmenl management costs have bean split 25% to unreslricled funds and 75% to endowment
funds, 85 in line wlh prw)r years.
15

The Slr Tom Cowle Charltable Trust
Notes to the Financial Statements for the Year Ended 31 August
2021
4 Expondlture on charitable a¢￿vItIeS
Unrnslrietsd Endowment
Fund
Fund
T¢tal
2021
Total
2020
Ch8rttable Donalions
Support Costs
171,253
10,117
181,370
A¢tlvlty
und•rtakèn
dlrectly
171.253
39,690
210,943
108,783
29.573
29,573
Actlvtty
support
costs
149.191
Total
2021
Total
2020
charita1￿9 donatK)ns
Gov8rn8nc8 Costs
171.253
171,253
39.6
106,783
39.690
171,253
39,690
210.943
149,191
16

The Sir Tom Cowle Charitable Trust
Notes to the Financial Statements for the Year Ended 31 August
2021
2021
2020
Grants lo Institution$
Primary Schools- school visit transport
Primary Schools- Book Packs
Woodshed Workshop
Grang& Park
Southmoor Academy
Dame Dorothy Primary Sch¢)ol Aterations
Universty of Sundedand Development Trust Featuras Fund Bursary
7 Colombo Road - Acllvities
e,020
2,473
22,500
9.544
2,IXJ5
616
10.803
20,000
568
20,000
200
Consett Rotary
Willowfiekls Prim8ry- library
Grangetown - Covid-19
Grang8lown - School Trip
Gillas Lane - Covid 19
600
10,000
4,000
2.000
1.000
Valley Road - Covi1&19
Hudson Road - Covid-19
Hudson Road - Library
DAmè Domthy- Covid-19
Oame Dorothy- Health and Wellbeing Support Champion
Burnside School
2,0(K)
4,778
2,880
3,OCK)
10.oc
Barmston Village Primary Schc
sunderlar￿ Community Soup Kitchen - Covid-19
Derwenlside Trust- Covid-19
5,000
10,000
6.1)00
3.179
598
East Durham Community Development Twsl- Covld-19
Boat trips
la Real
10.OIJ)
6,356
Bummoor Scouts
Durham Associalion of Boys and Glrls Clubs
Sir Tom Cowie Famity Trust
St Mark'6 Community Cenlre
Foundation of Light
We8r Rlvers Trust
1,500
190
10,000
50,0(J)
16,795
5,0(x)
2,0(Kl
Casuglown Scout Group
Sunderland Communty Transport
Stanhope Silver Band
Willow Hospice
s,0￿?
53
17

The Slr Tom Cowle Charltable Trust
Notes to the Flnanclal Statements for the Year Ended 31 August
2021
53
Sandhill Community Group
Wearstd8 Women in Nee
7.199
17911
108.783
Tot81 Grants
171,253
5 Analysls of gov¢rn•rte and Support costs
Support co$t$ allocatsd to charltable a¢tlvltles
Govornanc•
¢ost$
Tot
2021
Total
2020
Audit fees
T8x fees
Trustee insurance
Subscriplions
Bank charges
Admin support costs
Book•oping Foas
Intemel Charges
Entertainment
Exchange rats varia
4.080
90
949
958
4,080
3.600
90
925
1.022
193
27,120
5,760
451
364
883
949
958
26
27,120
5,760
562
27,120
5,760
562
145
145
39,6￿}
39.6
6 Trustees remuneratlon and •xpen8•S
No trustees. nor any persDns connected with them. have recelved any remuneration from the Charity
during the ypar.
No trustees have received any reimbursed expenses from the charity dullng th8 year.
The charty does not empby 8ny other members of staff.
18

The Slr Tom Cowle Charltable Trust
Notes to the Financial Statements for the Year Ended 31 August
2021
7 Audltorn. remuneratlon
2021
2020
Audit of the financi81 statemen18
4,080
Othèr fe05 to audltors
All othei non-audil sgrvices
5,760
5.280
8 Tuatlon
Thg charity is a reglstered charity and is thèrefor& axempt from 18xalion.
g Fix•d ass•t Investments
2021
2020
Other investmer
5,887,154
5,361,868
Oth•r Inv88tments
Listed
investm8nt$
Totsl
Cost or Valuatlon
At 1 September 2020
Additions
Disposals
Revaluat
5,361,868 5.361,868
461,404 461,404
{521,5261 {521,5261
585.408 585.408
At 31 August 2021
5.887,154 5.887.154
Net book valu•
Al 31 August 2021
5,887.154 5.887,154
At 31 Augusl 2020
5.361,868 5,361,868
19

The Sir Tom Cowie Charltable Trust
Notes to the Financial Statements for the Year Ended 31 August
2021
Historical cost of inveslmwts ot year end was £4,677.301 12020.. £4.531,2431
Th8 inv8Stments are rnade up as follows:
2021
2020
UK Quot8d Fix8d Interest Securiiies
UK QuDl8d Shares
Non-UK Quoted Shares
Non UK Fixed interest
1,020.000
2,736,421
1,852.804
277,929
1.060,163
2.334,365
1,696.071
271,269
5,B87,1 $4
5,361,868
No indNidual shareholding exceeds 5%.
10 Debtors
2021
2020
Accruad income
671
667
11 Cash and cash aqulvalenl$
2021
2020
Cash 81 bank
195,264
188,026
12 Crèdltors.. amounts falllng due wllhln onè y•ar
2021
2020
Trade credi(ors
AcGfua
89.083
15,380
53,470
8,600
62,070
104.463
20

The Sir Tom Cowle Charitable Trust
Notes to the Financial Statements for the Year Ended 31 August
2021
13 Funds
Balance at
Balan¢•
Other
at31
Septembor Incomlng Resources
r•cognlsgd August
2020
rosourc￿ 6X￿nded Transfarsgainsl(losse$) 2021
Unrestri¢t8d funds
Geftgral
General
30,962
107.321
1190,539)
12,765)
45,026
19,995)
Rèstrlcted funds
Coats for Kids
68
Endowment funds
Expéndabl•
Expendable
5,457,461
57,080
2,765
2,765
585.407 5,988,553
585.407 5,988,553
5,457,461
57,080
Totsl fund$
5,488,491
107.321
247.619
630.433 5.978,626
Unreslricled fund8 eomprise Ihosa fvjr￿S which th& trustees am fr@8 to US8 for any purpose in
fvrlherance of the charil*le objects. Unre$lricted funds can include designated funds where the
trustees, at thelr dlSGretion, have Greated a fund for a speGrfic purpose
The charity has an expendable endowment fund, created by a donatK)n from Sir Tom Cc)wie. The
income of this fund is used to purchase properties and investments, lo generate funds for the
exp8ndilure ￿qUired lo mèet the charitable objectives. The tems of the fund all¢)w the income to be
accumulated and the capitsl lo be spent il the trustees so determine. The inlention of the trustees is to
preserve the capital, as far as possible. sponding the income earned from the investments. How8ver.
the trustees will continue b consider e￿h potential application for ftjnding on its own merlt and may
thoose to SUPFQrt larger applicalions even if these erode the capital value of the endowment lund.
The ErKlowmeni Reserve at each financk?l yeai end equates to the aggregat8 valu8 of Fixed Assel
Investments. Cash held by the investment broker (which is recognised in current assets) less any
Ilabillty to pay donatpJn5 Iwthich are ro¢ognisod in currant liabilitias}.
The spocific purposes for which the fijnds are to te applied are as folbws.,
Coats for Kid5 Project- Tha fund was tt8ated lo purchase coats to glva free to children.
21

The Sir Tom Cowie Charltable Trust
Notes to the Financial Statements for the Year Ended 31 August
2021
14 Analy81$ of nel assets betwe•n fvnds
Total funds
at31
August
2021
Unrgstrlthd
funds
G¢n?ral
Endowmant
fund$
Expendabl•
Rostrlctsd
funds
Fixed assel Investments
Gurrent assets
Cuirenl liabAltles
5.887,154
185,969
87,570
5,887,154
195.935
1104,4631
5.978.626
6,898
16,8931
9,995
68
Total nel assets
68
5.988,553
Total funds
a131
AugU8I
2020
Unrestricted
funds
General
Endowmoni
funds
Expendable
Restricted
funds
Fixed assgl investments
Current assgls
Curr8nl liabilit￿S
5.361,868
147,623
52,030
5.361.868
188,693
62,070
41.002
10,1)40
68
Total net assets
30,962
68
5.457,461
5,488.491

The Sir Tom Cowle Charitable Trust
Notes to the Financial Statements for the Year Ended 31 August
2021
15 Analysi$ of n•t fund*
S¢ptemb•r
2020
Flnancin9 At 31 August
cash flows
2021
Cash at bank and in ha￿1
188,026
7,238
195.264
N81 funds
188,026
7,238
195,264
Sept*mber
2019
Flnanclng At 31 August
cash flows
2020
Cash al bank armj in hand
220,481
32,455
188,026
Nat funds
220,481
32.455
188.026
16 Relat•d party transactions
During the year the charils made the following related party transactions=
Thg Slr Tom Cowle Famlty Trust 2006
The tsvo entities a￿ rtlated in that trustees Lady D Cowie, Mr D Gray and Mr P 81￿kett are trustees
of Thè Sir Tom Cowè FamFly Trust 2006.
During the year the twsl incurred adminislratK)n support costs of £27,12012020 - £27,120) ènd other
costs of £90 12020 - £2801. At the balanGe shget dale the amount due tolfrom The Sir Tom Cowie
Family Trust 2006 was £Nil12020 - £Nill.
Cowle Estates Llmlted
The enlilies are relaled in that tmstees Mr D Gray and Mr P Blackett are directors of Cowie
Estates Limited.
During th& y8ar th8 trust incurrad m8nagwnant charges of £Nil {2020 - £Nill from Cowie Eslates
Limited. At the balance sheet date the amount due tthom Cowie Estates Limited was £Nil 12020 -
£Nill.
23