REGISTERED COMPANY NiIMBER: 03487S77 IEn9l•nd and IPlal*sl REGISTERED CHARITY NUMBER: 1105370 Fin*￿￿ S for the Year Endèj 31 D￿ernber 2020 EtMIARD'S TRUST LTD WIIIININII , •AID4H￿Aty 1fJ¢)9r2￿2l COMPANIES H¢JJSE A13 Haines Watts &rmir#Jham LLP 54 Gr￿field Gr¢x¢ Edgbastc Binn1￿Jh*n B153BE ARO TLT lor the 31 Reler￿ ar*J *0mir#slrnlive t)wads Chalr's Aeport 2105 Repon of Ihe Trustees 6t09 Report of Ihe lThIe[￿denl A￿lItOrS 101012 Sktwnenl ol Finan0¥ A¢tiwtyes 13 Stsiameni rf FinanoJ Posb"on 14 Statanem ol Cash FIOM 15 Noies lo FinarKial &atements 16to24 EtMIARO'S TRUST LTD nd Pthiritstrabve tletails Year E trPABl￿ett CEPMthn *sCY ￿01 tr T RIs-Brist￿ (res*3￿ 31101r20201 t N G ThNLyoTrI IresKJneLI 311Q1tt0201 *s J AWe5ton Smhh Ire5yned 31101tt0701 ts C 0¢>J￿n Chknf Ex•cullve Olk•r Y*thnÈG*3a 3Vtar•Je Ro*1 EthJb88 8in¥¥Jham B153ES 03487577 IEn9lw#J and W¥Aesl Il•gl%tw•d ¢h•rlty D¥mb•r 1105370 HanesW*lS Bmtyham LLP 5- 6 Greertsla Cre5C8nl Ed9basi Bmingham 815 3BE Bahk•rs Uoyds Bank PLC Y*38 New street BumiThJham B2 4LP Pa98 1 EDWA nde(J 31 Intr¢duclion EQ￿ard'S Tmst is a bereavement d￿rity swrting thildren. young people and Pa￿nts following the death of a parent, chilj, ￿bI1￿J, carer or grandparent in the West MKllands. The Trust's professionaly qualffied cnunsellors, play therapist and well-being therapists have been part of a seNice whi¢h has best prdctice 81 the core of its delivery. Our values of respect. hope. excellence. ￿JPPort and holith ￿Te atthe CO￿ of vkno ￿ 3re 8nd vknatwe strive for. They make us unique and demonstrate values that are close to our hearts. 15 ts a worfd thatdemonstrales a fargrealerunderstanding of be￿aVernent and the impact on fwrmh'es •YJ V&t*e thert ore Compas￿#th ￿MMUnitieS are supporbve and inclusive of bereaved farnilk?s. 2020 was a year of differe￿* for so m¥*y of us: got off to a ceb8txaling the athe¥ements of 2019 7Mlh 8 thank you evening hosled by one of ¢)ur ￿r[Wat* wprKMtsrs. BindirwJ Silè. It wa$ a celebratory occasM)n as we reflected on the amazirKJ 5upwI that we h*1 r*c•ved forour 301h year and we wern so thanklul Ihat our supporters wè with us in force. Wrth th8 annourwnent of thkdovm. S￿ICeS h&J to be reconfyured as Ihe tnjst prepared to work in W8y sthich was nèw to the team and for the trust was unprepared. It was really important that Edward's Trust conthnued to provK1e ils ￿trI wvi¢es at a timè bthere demand increased and v*there families were e4)eriencing new ￿velS of trauma and isolation as they struggled to deal vith the irwct of covid. There We￿ many challerrfJes to deal with and. for a that is abcyjt face lo face WO￿ and lalking, hcw could change and adapt continue to provide th& much needèd gjpport forfamilies in a dIffe￿I￿aY. 2020 Was a yearof ￿amir￿ and vthilst covid broLoht many challerwJes we leamt so much that will be emtedded into the servKe wng foThYdrds. Unfortunatety, there were som8 activities that could not take place due to covhl s￿h as surwrt group5 ?￿d days. We hope that these will be r&introdU￿d vhen it is safe to ¢Jo so. H¢w ¢ur activities d•liv•r public b•n•fft El￿ard'S Tru51 swjports children. youn9 &lutts and 8dutts a￿ experie￿119 tr8umali¢ bereavement. By offen.ng 8 holisti¢ befeavem$nt seNi¢e ￿ seek to rebuild lives by addre￿r0 al a$￿c￿ ofgrief, including emolional. physical and phy7iologi¢al. Wé have a team of prof•ssionaty qualthed counselbrs. a ￿aY therdpist and well-being therapists %%tho are 11 BACPIBAPT ￿lstered. or ￿lStered by the wropn.ale profes&onal tthy. We have refeffed to the Charity Commts$ion's guidance on benefil and trustees continue lo review how developments contribute to the aims and objectives of the charity. W8 gJpport•J over 254 athjmswth our counselling and v￿&beIrvJ SeThi￿ in 2020. The death ofa child brir￿Wth il grief that is very traumatic and com￿ex. Bereaved parenls experience ¢*bilitslirwJ grief impacling on every 85pecl of their d8ily lives. Emotional and mentsl ¥￿IlL￿1r￿ is ¢onwromised and thortrtsg. wr IK)ltslK btrrtravement $w)port is ¢ssenlial to help parents 5twg91iNJ lo t￿tst given thè trauma of loss they arè ey4)eriencing. Research has shcr•m that for a bereaved parent it can tske at 188st 8 ye8f5 to begin to C￿ wlh the dealh of a chik1. We afso kncw that unresolved grief can have negative impad on mentsl health arvj. fmm experience. TrAe kTh)w that for many of our families th&y are in dark plac6s little hope or OK￿"m1SM the futu￿. Ckn rc4e ks to SUP[￿ them in le￿ild￿9 their lives and having hope for the fvlure. Wa supported over 429 children and young peo￿ in 2020 *Tth our cc4mselliTrJ and play therapy sw)port. For many children and young people, bereavement is a trdurnatic devaststing life thar6wng event vthi¢h carries potentially negative consequences if Ihey are unsupported into the lor¥J term. SupFQTts'r¥J ¢hddw and young people with the dgath of a parent. grandparent or sibliThJ require5 our tsrapists to re8th and eThJtye wiu) peo￿ 8re often in the depths oftrauma, aroer, confijsion and grief. We know frorn the families that keep in I0￿h 7ATrth us pasl Ihè end of using our that ￿ have a lry-tem po&tive effect on chldren's INes. Bereavement al an early age Gan have a devastskng imp* w ¢hildren. lastiro long into their adulthood. Chikyren VA￿se parent$ have died ha¥t b#Èn slKy•m to have lo*r self*steem. and expèrienee rrL•re sadness. guitt and anger than chIld￿n 4bthose par8nts arè alNe. s{￿J18s have also shown they are more likèly to deveksp mental health problems and have weakgf altainment and greater risk of failure at school. Behavioural probl&ffs. being suicidal and being vident are mofy likèty in bèreaved ad(Aescents {RosertsaUm-Feldbr￿ge. 20191. PM1(￿e￿ grief li.e. when the grief is a5 8trorwJ 2 years later as vth8n thè berea¥eM￿tffirs[ happ*￿} has been th)wn lo cr8atè a higher predisposition towards deprgssion {Melhem. 20111 so our inteNenkn"on at an earty stagè is crucial. W￿n support 1$ provided at thrs critical lime in young people's I￿e$. posthe lrfe outcomes can be ￿hleYed. Th• focus of our wo E¢th¥8rd's Trusl is Lmique, providing a holi$li¢ family be￿a¥ement Ser￿ wpporling ¢hiKlren. ￿n9 peop￿, parents and the %%thole family a¢ross the West Midlands. Our servi¢e. c￿¢ that is laik>red to the indtvioual neets of Ihe person orfamity. extends to a full pKogr8mme of l)ew¥ement supwL 7hthi¢h is ctytslanty developirwj. E￿NARD's RUST LTD Chairfs R 31 Oet•nbtr The locus ol ourwork I￿7￿1n￿Od) We provi¢e one-twte coun5ellin9. SUPFQrt 9roup5 for both aThJ adths. 5cKial ac*vib"e5 to support indusion, ddiver speoalist day bereavernent relreats. %s*lte"ro tWaF*es. indudiThJ tt*raFwtsc massage and M￿d￿lre5S prad'ce5 and wmpl￿en1ary thwap*s. We 450 pro*￿ts sc¢i* activib'e5 afKI ow annu4 R￿n￿brance ff(￿ bolh ￿UrtS and childr*). A5 we refieci on 2020 and the untxpett8d chalknges It F4acèd w)on us the to recOnf￿￿ra tyji seNce 50 that we could continue to offer 5UPPCrt refiect on the 5trWlh. ¢J8diL*"on and crynrnitrntnl of our téam rose to tha chalknge and respond￿ wilh ￿aCIty and detennin*'on. o)ntinuè to Flay a role in suppJrtiThJ tra￿naliSed and grievin9 famil*s whose lives tta1￿ been shattw&J. We remain of wr ethos that we are wth our fJnilies for as long Ihey need us as we reccsnise that evwybody's 9rief jowrey is unv4ue. We ho￿ that we wll alway5 ￿ true to our values whith make us the urwue charty that Edward's Trust is arKI a￿lay5 *ill te We are pnwTW to be ab￿ to SUFfJOrt our families. Bereaved familie5 are aready under strain. but duing 2020 there *ere htyje a&Jth"onal FY*sures. SoLial thstanun9 re5triLlions meanl that Iwnil*s' grief j￿Mey$ we drffiojlt usual tryntrbng rilua15 arc￿nd thè dèath of a loved one were very Iimrt8J- hugging friends a￿1 farn1￿. seeing Ih*r relab.vè in hospia. restridions on the Mmter rA pecple who can attend a funeral. no w*es at10￿1. aTrJ redu¢&J Soa￿ interaction to talk aboth thgr 9r*f. Ourfarnilies told us that they n￿1￿j rnore regular sessions durir#J loc*dLNvn. Ofthose surW. 70% had more frequent calls than tefo¥e. Therapsts tdd thwn Ihat thty call t•then they nwJ8J suryort. just at their design8bJ time, prowthn9 reasSUra￿e to families. We Offe￿ a tyendeJ SWVKe in 2020 ddNerirvJ Ihe first four se5si¢xs face to fa￿ with strict sorAal IlistanaThJ and Heath and Safety g￿ddi[￿. ThisvAS important to Irust the CYP an￿or pa¥•nt and counsdl¢x. The SessiL¥￿ Ihen to tejtplj￿ suwrt unbl last S8ssion, wh.ch was delivered lace to f8C8. Endings are e5[￿lalIY impjrtant ￿th bereaved CYP as th•"r"ending" ￿ thar lo*d trt wl havè traumatic and. ¥ery often. s￿Iden 8esThJ at4¢ to la￿ to a ￿ul￿1&Y h8lp CYP make sense of their thoughts aThJ undwstawwj th irnpart of their grief. We aso prow¢Ye a pr￿je￿￿nent seNce lo lkne fwnlie5 who anbcipatiTrJ ￿ de*h of a parent or child. A¢hk•vem•nts #nd ￿rfamIanCe In 2020 we have deliver•d. 683 ¢hil¢Jren and adutts were suppcrted 2,763 counsdlin9 and Wdlb*"ng in Bereawneni sessths to ad￿ts and clyldren t•lophon8 aN)Lyntsnents.: 364 support line appClth￿ts delivergj Our Virtual R￿n￿brance Tirne5 Su[￿¢￿ed o¥w famihES Our fundrai$iNJ a¢ti¥bb"ès had to be reConf￿Ul￿j to ¢Jeal wth the in 2m aThY w4ents pro9rarrffie DJrtai8d. 2020 encouraged us to move in the of wrtual e￿ts slth as a ballcx)n race and quiz nigms and we were very fortun* to have supwtws who COr￿n￿&1 to frJThJrase for us ￿rrtj innwats.vè fundraisin9 rdeas. We were rxsncemed wth thè lath of ccYporat* artNrty and the dfop in incore as ccwale erKJagwnent was understanoabty challenging. Howevèr. ￿ delivered Mrtual lunch aThJ *rn se55ions *ith cowaies and our 31 in 31 event had rts S￿Ond year and wa5 inuedibly Suc￿$5[u1. doubling the inccffie frun year 1. A k6y strength l(¥ tht twust is our diN*rs• ftFnding bas• and we were also very fortunate lo benefit frL¥n legaoes in 2020. Ourlundraising and tngagenent manager Conts"n(￿ to exleftij our fvm¢fvJ pThtfclio aTrl s)rol￿t management systems for ¢ffÉciive rnonitoring of grants The Trust endeJ a $￿pIuS of £223.417. We We￿ deligM8J to be suecessful th luThYirg from Henry Smith in 2020 and meant that we our am of creabng greater financol stability by attaintng loThJer tenn fvnded grarts We corrtIr￿ to managè our finan￿ in a 5uslan&* way and ddtver effecbvely on our frJr*Jral￿Thj stratesy Ac￿￿￿ng financial sta￿'l1ty with unpr￿l￿aLl& inwne Str￿m5 in a parbJ#mic wa5 8 ne challerKJe and we a￿ thankful that desFite the many thaIl￿ge5 present￿ to us we ￿ponded Ixeatively aThJ achieved our incone gwation Iwgets. Pap3 E￿AR￿s TRUST LTD Chairs Re 2￿20 Achl¢vgrn¢nts ond perfonnance lcont￿*d> We are gratefvl to our dO￿S and suworter5. We esw¢i8ly Iditr to hKJNwjhtI￿ ¢mmlment r*. BNI Mercury Bupa usin05s Bbwkfasi Ltd Clive Poole COOP Buil¢Jing ccnneth.ons Edgbaston high sthocl Girfs aig Humphries F￿1 Interserve Jaguar Rover Soh'h￿l lQ'ng Edward V1 schoc4 GNts LcyJiseWright Mith Comèry Mitchdl ￿arn$ Moore Steph￿5 Nant Lid p￿n￿ICk Collns Chartwgj surveyors P(thay knfe5fy￿ Cen Pa9e Rotary Club of Edgba$t Sarah Bradshaw Sa￿11$ Sperw S The BiTrJiry &tè ripF• Family Trynlin Family Trry4bpf5 arxj H•nlin Unty Trust B￿k We a￿ all ma￿"r￿j a dLfferenee Charity House School Zurith We extend our thanks for the ¢￿9CIng SUFfKJrt of our Pa￿ Dy*e MBE. We also want to ey4Jress our graffiude and appreciation for the dedication and CLrnmth￿t all w patrorn8 and ambassadors have giv￿ lo Ihe Trust in 2020. We wo￿(1 aL%o like to thank the Grant Making TFu5ts. Organ￿￿on$. SCW Farth Growjs and Private In(I'wdu81s who support us. ensuriThJ are a￿e to conbnue to SLWQrt Iwnilie5 in rebudding their INes frAlwn9 Ihe trauma of bereavernent. The supwt of regular gws is much apkwknj. YLV C(mbnu&1 ccrnmthent enatles Tnjst to have certa.nty th this incc¥n• stream impthtsnt lor thè finarKial viability ol ￿ Tnjsc We have also benefitsj frryn S￿e furKliThJ Ircrn CCG towards our dElivwy OfbBrea￿rnenl support Th• futur• The eyperience of 2020 has teen a year Of￿￿er￿. of rw chaws, of ways ofhrjrkirrtj. ad8pb"ng, ￿a¢t1'n9 and roflecb.ng as the worky was in tum)oil. Ow lamilies nee3ed us mtye than ever as they stru99led with the painful ¢on58quences of eowd. Dealing *ilh t*reaw￿ent is chalkngirg but the gnewThJ wctess was h&ghten&J as the resln.clio￿ were on so many people often denk8d the charKe to say 9x¥Jbye to their loved ones. There has been a lot to leam 2020. We krw th* sUFPYt *￿rkS fry 50 rn￿Y Fwple and can make bereavement suppcrt aCc￿lINe for many ￿rn￿les once a rdation5hip is e5tat4ished wilh the therapBI Blend￿ support will becorng part ofow core rn0￿￿g forwards. We will always ta"IL¥ supw1to moet a ￿tson'S indiwdual needs as wt recognise that eaeh grie¥irrfJ journey is an inth.dual one. We warf( to innovate and develw new services which pond to rw aTrJ wnerging need5. Tr dmale of reduced Serv￿ oJnb"nue5 to F￿all aTrJ we recognise the uniqueness of our supwrt to families. We are i￿re¥S1￿4￿ in the way in wlmch we offer SUPFOrt. We continue to t* the only thwity of its kind in the West Mdar¥ls olfering a hcthsty"c tWea¥￿ent Service ar￿ a￿ thankful to the benefactofs who help us to ccffjtinue to offer spwalist supwjrt to those in mosl ne8Y We will 7Jways contr'nue to provKle thi5 level ol seNce as rt is what is rnwjed and wll always true to our v*ues. In 2021 we need to continue to offer t4ended support. we wll revEw our wellba"rvJ prts3ramme withthe of makir¥J rt more acCes￿bIe to young people ag￿ 16 and upwar(Is. we¥￿11 irweaseoutrea¢h 54VF¥yI ￿ sdwts and hLye Ihal*Ecan reswne our wellbwng Saturdays and $K￿lISt k￿r support groups. Finalty. we would a¢so likt lo thank ¢yJr ra￿￿e9 for ts"r ￿￿79th and hope as they the most parnfvl and trawnat lime 0fth￿ lives. 11 is a wivlege to be able to supwrt to haN* hw kn thè luturn a5 ty Ixe dealiThJ with th? loss of a loved one. In the words of Petw Dent the knJn(ler of Edward'5 Tr1￿1.... The sipport*t clferatEth•arrfs Trustts unc(¥￿81 Jtssl as there slrmgs attached to Edw*d's Ktte sts wg no io ow ¢fftrto lJweavedfthLes who ciTh lo us. The kite represents who we at Edwwd's Tru5L We are tse for as loro as we are ne￿j￿ by our lanilies who can'lty away whtn tlièy arè i•ady to lÈt go. P•ge 4 EDWARD'S TRUST Chairs R The futu￿ l¢onbnuodl It has been inspirirrfJ to see how fabulous staff ha¥e athpbJ ts approxl*s to cnntinue to supwt our famili•s through tha pand•nic. Thfoughout this time. all the tw)s at Eth¥ard's Trust- counsdling. welkb&ro, bjndraising. admin. leadership- have continu* with tlw"r essential ccthing up %￿th inn￿a￿Ve aThY imaginative way$ io $0. Support Icf those who have been berea¥gd has never been rntrt negjed. as peD￿e'S 1055 1$ gynpouTrJgJ by the restnLtions placed on society. Ourcorthnued ability to Th)t onlypromde this SUFWOrt aL50togrowthe charity is srmething about vthich Irustees remain proud. W¢ wovkl like io thank au m*nbèrs of thè Edw*d's Tfusl staff. vdunteers. patrons and ambassadors for their work aTrJ ￿thusiaSm. Flona Gold$traw Chair of Trustees p￿e5 LTD foi Ihè ar end￿ 31 Cw)ter 2￿20 The trwstees who are also diredors of the charty lor the purtx)ses of the Crmpanies Act 2LXkS, prewt t￿lT rèport bmth the finanoal Stat￿￿entS of the chwty forthe yèar 31 L￿ber 2020. trLtstees have adcpted the prO￿￿Orts of Accounting and Reportsng by Charityes stat￿nent of R*ccrnmènded Prac*"c* ap￿1¢ab* to charibes prepanng their accounts in accOr¢jan￿ wth the Finanoal Reporttrg Stsndwd aFplicable in the UK and Republi¢ tsf Ireland IFRS 1021 It￿CtIve 1 January 20191. obj￿11¥•$ and a¢tlvities The ains of E￿va￿S Trust a￿.. To provid• support lo parents berea¥&J. or to be twe8¥￿. 0fthw'rx￿ or d8￿hleT. whatev•r agè ofth&"r child OT Cause of death. To provide 5UPPOrt to ￿YOne by thè cla child W thghteen years ￿ uThJer. To provide sUPWt lo children ar¥J youTrJ upto ￿ age of 24 w￿) are bereavgj. LV are about to be bereaved, ol a pwent, significant carer. $￿'r9 or fn'eTrJ To provide a'well BeiThJ ￿ Bereavemrf w¥7￿ 0ynr4tynw)￿ry ther4)ies and rwitè bereavement eare for bereaved Pa￿nts *)d carws. To provide training corsuhation tr protssionals wn1￿"r0 wih tweawj faMil￿S or farn11￿ who are about to be tereaved. The policy of Edward's Trust is to cKJntinue to seek lundirwJ to Sup￿ è)istiNJ ccmM￿ents and to ¢*velop rts s•Mcès. The Trusys focL6 has been on mantainiThJ the fundirvj lor its b￿eavern*nt s￿¢￿$ and to tonth.nue to d•vdop Ihis woth in response to evw Incxeasiro dwnano Its's supporL Tr training prgV15ion offwgd to prol8S5iona15 has cont'nued dunng the year arwj ON* a9an has in a ¥anety ol sdb'rgs indudir9 3choc4s aTrJ human resovrces dwartm¢nts. The IoNJ8f tem) goa conlinues to belo increase the ￿ of ￿ndir￿A E(trward's Trust in tho1 $$￿1￿ ¢an féspond to and meèt the levd of need thldren wu￿1r9 be￿¥￿ent suppryl for ￿)unsellI￿ to adults affected by thè death of a child. fcf suppm to lamlies a child ￿ pa￿nI h&s a teThinal illness. and for trwning wgfe5sionals whgs? wuk require5 th￿n tts support a bereaved pawt (w child. Incxea*J lesels of tt1￿11￿ also mean that the Hc4istic bereavernent Ca￿ Offer￿ by Edwdrds Trust- irtlLbth"ng CL¥nplUn￿13ry I￿apleS aftd ￿prte bewvemenl care retreats- will continue to grow in sIgThffiCan￿ and v*il bthfft mcKt be￿I¢d pamts. Fundraising Standards Infom)ation We have a dedicated, smal funthai5irvJ aTrJ a straw thal is revivAp￿ rajuiarly aThJ refie£ts thè curr•nt dimai• and the go￿￿11 have ￿￿OF)rbng challenges, raffles aThJ qLizzes. We have had 31&3acy d¢Jnws tlys y￿r aThY kdr to our 5trakn a￿L￿d th"Is in 2021. We have teen fvIIy ￿FIlan1 th the FundraisThJ R*JuL4lor¥ Cod•.of Practre throughout 2020. For Ih¢se roisng money for us. thrO￿h the sponsLYed eventsde5critBJ atrA)bE. ¥¥ewwe also in regular contsct V4ith th￿. and prwded an introdu¢bon all tlktse seeking sponsorthp We att￿j&j many ofthe events that were hek1. EEWARDE TR TLTD R• ort of Ih Tryt ar ènded 31 DeC￿lI￿r Fundral$lng standards Inforniatlon leontlnu•d> We received no complaints wardir#J our fvfKlrai&ThJ Ihi$ yw. We en￿18 that these athvibes a￿ sen*tive and f$asonabl$ and 110 not contsct tyjr ¢lorw)rs Of Potential donors to ask for money diredy. Instead we promote nwl sponsorship opportunities thrcwh general campagns Th)t targeted at iThJiwduaL8. ThrO￿JhOuI the year wè ha￿ been viewing ourfundraigng aC￿￿t￿S to en9Jre are GOPR ready and comphant. Public benefit st•tem¢fftt This has teen cons¥Jered in tl* state￿*11 frrrfn the Chalrrn￿'8 se¢kn oftho Rewt Charitabl• activiti•s The ¢ompany'$ aetiwti*$ durirKJ th¢ ywrwe in tr* Slalem￿tf1OM thè Chainnan's Se¢11￿ oftr* ￿pOrt. Strate IcR• ort Achievements and performance . This has been Con￿der￿j in the statement from the Chairfs s&*on ofthe ReF*Nt. Financial rèvr•w As shown in the Ststemer* of Finan¢i81 13. the Trusfs tcrtal ros¢ to t704.￿￿ for th& year. reprèsènting an increasg of 6% fm 2019. Thè Trust's totsl ¥XFéIKlitur¢ fell from £523,705 to £480,589. ￿SU1￿.n9 in o surplus of Q23.417. At 31 December 2020 tolal funds were £706.797. 01 this £504294 was unrestn.cted and £202.$03 restricted. R•s•rv•s policy A ch8ritl8 free re3erve3 are rts general unrestricled fvn(ts {ex¢ludiry any element represented by ffixe(l assets) less any funds which have been desgnaled for ftjturo W)iaCts by the Truste&s. Detsils of designated fvnt1s are given in notg 19 0fth￿ finan¢ial sts*￿er￿. The charity's reserves polw is to hold a nmnimum level of free ￿serVeS equivalent to app¥oximatety nine months. expenditure, in ordw to ensure ihat any delay in the receiptof income by the charity, CaL￿ed by the actti)ns Oft￿rd pawties, does not affect the abrlty of ￿ chanty to meet its obl•3atKms to its beneftiaries. As indicat8(l on pag¥ 23. note 19. the level of makxa¢8d rgswvgs as at 31 December 2020 was £358294. 01 this. fr88 reseNes amounted to £356.029 represents 8.9 months expenditure. The Trustees wularty ￿VIeW the appropriateness of Ihe reseryes pdicy *rylh regard to the ojrrenl environment in ￿lch the Trust OFerates and believe the level of fr88 reseryes to be appropriate. Princlpal Fundlng S•rvlc•s These are considered in the stsl¢ft*nt frNn ch8imwh'$ sec11￿ of thtr Reprf arvj in the finan¢1￿ sl¥iemenl$ th¥mselves. In¥•stment The MemoraThJum and ￿tiCleS aulhcrfise InA5tees kn make and hobj investments using the general funds ofth8 conyany. Futur• dèv•low*nts A5 part ofEdward'5 Trustfina￿aal planning lorJ)20 ts impad of COVID the impliral*)ns for fulurt generation has been assessed. A new incc*ne genernt*)n strale9y has been implemèntèd which %bill include ntsw acb'vibes and inibatives lo M￿gate for can¢elJ8I events. Hav7NJ asses￿ the income 9￿81*10n a¢tivibes T(usteès feel ¢onfidgnl that with strgnglh of¥ dI￿r￿fied in¢(¥w base th¢ Trustwill bè abl¢ to deliveron its strategy lor2020 and achieve Iho nec¢$$ary incomè levels to ensure the Trust is ffinancialty Mable. Chaiitable fundraisng targets v+ill be inueased generth.ng more appk'cations to tnjsts. New inibatives such as a pro9ramme of virtual events 4%ill be developed lo attract new aud￿nceS and èngage existtng suppNiers. TNstees have assessed the cash position of the Tnjst vthich r8mains posrfive with nèw funding streams secured in 2020. Tnjstees are confrjent that *ith the $￿IL% of the fvndraising team and the excellent track record that the Trust will ccntynue to perform VRII and achie¥e generation tsrgels n￿essary lo ensure the effec*¥e financial perf0rrnan￿ of Edward's Trust in 2021. These are C￿￿dered fvriher in the statewr*M frryn the Chawnwl's secbffi ofthe ReporL Volunteer involvement The charity has over 40 yo￿nteerS4￿ support Ihe th ofthe ￿lty in a variety ofways. In 2020 have had to rnduce the xtiwtss undertaken due to co¥id and there have tKen less opportunths for Ndunteers to get involved. An estimate for our vobjnteer h￿rS per year is 674 hwrs in 2020. Page 7 EthVARD TRUST LTD Re ofthe Trnstees ar ended 31 Oecèmter 2 Stru¢tur•. gov•rnan¢¢ and maTraynxnl Gowmlrtg d¢)¢umont The charity is controlled by it5 govenung dc•*m8nL a de8d of biJst. and Co￿￿tu￿$ a limiled ccthpany. limlted by guarantee, as defined by the Companies Act 2￿)6. Indu¢tion and training of n•w trustees Trustees are very tsmiliar the day lo day wcrfk of Ihe charity and are re9ularty upjated at board meetin9$ and through their contact with the stsff. W trustees appfy fr)r the Foglion aThJ a￿ fomially interw￿d by the board. The Chief Executive ovtrrsees induct*)n and trainiThJ of INstees and enwres that covers" the otAigation$ of tnjstees and Ihe board the main d(Kum$nts which s¢t out the ¢¥eralionaF frame￿th forthe charity inchJdr¥J the morandLm and Arb"des resourcirg and the current ￿na￿la1 [￿tion fvlure plon$ objecti¥es irtluding the d￿n{￿S Strateg￿ plan dcwn Tnjstee training is an ongc4ng p¥ocess to enwre the tthro are awwe of ¢urwt *gi*lifm and Irustee responsibi&tl¢s. An annual training event is part of the proces5. Rl$k manag•m•nl The trustees have condu¢ted 8 review of the m¥r risks to wh.ch the charity iseyposed and systems and pr￿edU￿S have been estsNi5hed to mits.gate these. The charivs strategic ￿an kfjentifie5 any s*Jnthcant risks to funthr*J and addresses these. Major risks are identified and rwe%%*d by the bo3￿ lo engjre Ihat thwe are adequate controls and act￿n$ lo mitigate th$m. Thè trustees are part￿la￿ mwthl of the risks asscKiated wth OPerat￿n81 actiwbes. thiro vulnerable children and th￿r famdies. Procedures are in ￿aCe to ensure compliartt ¥%ilh he81th and safety of staff. voluntee(s. seNce users, y1￿1￿s. The trustees and 51aff are awdre of the need to ensure that *aff. volunteers. antj other Stakeholde￿ have the right to work in a safe and hea￿Y envirtyLmenL stst•ment of trustèes. rnsp¢)nsibi1S1i•s The trustees Ivtho are atso directors of Etharyl's Tnjst Ltd for the purposes of company law) are responsible for preparing thtr Réport of the Trnsteès and the fmancial statements in xccKdance *iih appl￿ble law and United KiThJdom AccwntirwJ StsndaTds (Untsd Kingdom Gent￿tY Accepted AccountirKJ Practicel. includiThJ Financial Reporting Stsndard 102 Yhe Finawal R￿0￿"n9 Standard applKat>le in the UK aThJ RepublK of ITelan(r. Company law reqUI￿S ihe trustees to prepare finanryal $18tements for fina￿131 year vkni¢h give a true and fair view of the slate of affairs of the charitable company arKJ of the incorniFKJ resowces arKJ 8￿1¢att￿ of resources. including the income and expenditure, ofthe chaiitsble cOMp￿Y tr that terioj. In wpariThJ I￿e financial $tatwngnts. th8 tfustae$ are required lo select suitablè a¢¢ountMYJ poli¢ies and tsn aFWy t￿rn ¢orw•. obserye the methods and pn'ncipl&s in Ihe Chaiity SORP. make judgements 8n(J esb"mates that a￿ ￿asOnable and pruden(. prepare the finarKial ststthngnts onthesxirrfJ co￿eM basi5 ￿kSsIt is inaFycyiate to wesume Ihatthe charitable company will continue in bugness. The Irustees arn resF¥)ngbk for keepiThJ Ffryer aCC￿lbOg re￿rdS ¥thich thxlose with reay4)nth a￿UraCY al any b'me the financial pos￿.0￿ ollhe Charitab￿ company and to enable ihem to ensure that the financial stslements ¢omrAy with the Companies Act 2006. They are also responsibje for saleguardiry the assets of the charii8ble company and hence for tsking ￿¥sOna￿e steps forthe pre￿nI1￿ and det￿1￿￿ of fraud aryj other irregularities. In so far as the Injslees we aware.. there is no rdevanl audit informalK)n ofwhKh ￿ ¢haritslA& companV$ aydrtors are unawa￿. and the tnjstees have tsken al steps that they 0￿h1 tts have tsken to make themsefves aware of any relevant 8udit infO￿alKIn and to establith that ihe aWJit￿s art aware ofthat iftfrrnl￿. P•)è 8 [l￿ARty ar 31 Dac$M￿ 2020 Auditors The auditor5, Haines Watts LLP. knTII be prw5aJ for rWppJirrtm￿¢ at tl* tsthcoming Annual General Meeting. This reptyrt has prepar&J in aCt￿￿an￿ with the SFeo"al pro￿￿)n$ cl Part 15 ofthe Cunpanies Ad 2(Th r¢laiin9 to small companies. Approv¢d by order Oft￿ ol tmstees on ... 28. Juw..lesl.l... and son&J on rts behaty by P A Barrett Tr￿ Page 9 Ett•arLfs Tntst Ltd Oplnlon We have audited the linar¢ial stat￿ents ol El￿￿5 Trv5t Lld (the tharilable comparf for the ye* *)d&J 31 D￿eMb￿ 2020 whth cOmw￿e Ihe &*ement of Acbmiies. the Stat￿ent of FInwKl￿ Posilion. the Statement ol Cash Fhws and rKJtes to the linaro4 sIatwn￿ts. indLhling a sunmary of sigrMfKaM a0￿Unting pol¢ies. The fi'nanoal reportirrfj Iramework Ihat has been appli&J in t￿￿ weparathon is aFplicaLle law and United Kingdorn Accounling Standards IUnrt•J KiN•kni Generalty Accep18d Accountirxj Practicèl, inththrrfJ Finwal Reportiro Standard 102 Yhe Finaroa R4)oiting Standard apFlicthe in the UK axl Re￿¢ ol I￿laThT. In wr oFin￿n *atwnents: give a true and fwr view ol the slate ol Ihe charitaiAe crywry¥ alf*rs as * 31 Decernber 2020 and of lis incoming rgsources and ap￿￿tKIn of resources, indL*th"ng rts inc(me and ex[w*tu￿. lor ￿ year then ended., have been properly preparèd in *eordarKe wth Urnled ￿11¥￿) GeneTalty Accept￿ Ac£ountiNJ Pract￿, i￿U￿ng Financi￿ Reporting Standwd 102 The FinarKid Reporbng Stsndard in the UK and RepuN'c ol Iralan(J'" and hav• been prepared in accrydan¢e ¥&ith the wulr￿ents c¢ the CompanFOS Act XQ6. Basis for oplnlon We conduued (￿r in aCCordar￿e with Internabonal Starntsrds on IUKi IISAS IUK)) aTrJ apF4icatle law. OLY responsibil￿•$ under trv)s8 sland¥ds are t￿tr￿¥ d8serib*l in the A¢*StOTS' rèsrmibi1lt￿ lor au(ffit ol the financial stataments section ol oui r8pM. We are irKl8pwKknii company in accc*dance wilh the ￿hlea1 Teqvir•n•nts Ihal aye relevanl to ow a￿fjt ol the h'narKryd stalwnents in ts UK. i￿U￿.r*j the FRC'S Eth'C￿ Stantr¢J. and we hav$ lulfill*J our other ellical lespo￿1tH.￿1￿ in a￿O￿lanCe vrith t￿e r￿u1r￿n￿. We be￿e¥e thal I1￿ autht evidertè wè havt obtained is sutfic¢ent and apwyriate lo pmvhle a bags for our ¢¥iThon. Con¢lusions relatong to golng eone•m In audiling the finan¢ial st**nents. we have ￿lthIe{l th* Ift$￿. LKse of the ty)iNJ ￿r￿n trAsi$ of aCco￿ting in the preparation of the finanrial Stat￿ents is apwopriate. Based ort thè we have Perforn￿ ￿ Pr￿ not itygntrfied ary materia urt•tainlies rdalir#J to ￿entS cff cornJtt￿￿S tha( inoThvidualy or collectively, may Ca￿ &gThlunt ¢S)utrt on the charitat4e cc¥npany's ablity to continue as a going emtern I￿ a w¢xl of at lèast mont1￿1raM whBn Ihtrfin￿aI sta*ments arè auU)oristd for issue. However. not dl lthure events CK ¢trndth￿￿ can be wei*cted. Thè COV1tr19 ￿Tal is ¢￿t ol tht most signrfi¢ant ecommic evenls for the UK unwe¢edented levels ol u￿rtaIrty of c4rtcomes. h is Iherefore diffic￿1 ¢0 eV￿￿ale dl of the potential imF4icatKJns on the entty's acbwbes. lunders. suFpliws aTrJ wKJer ￿Onlry. Trustees. view on th8 impact of COV1tr19 is disclosed in Ihe ReFQrt of thè TrU￿ee$ aThl in Ihe N£¢oUr￿rg Pol￿￿ Note. Our res￿n￿billtse$ aTrJ il* respongNtr5 01 tIE 1ry51ees T*nlh resp*1 to ￿nCeM are (Iwiw in tlw r•bvant tions ol this reF#)rt. Other Irrtorniatlon Tho trustees ar8 resF{Jr￿￿O lor the cther irlomiatiorn The ots IrrfL￿af10n comprises th8 in10￿atIOn induded in the Annual Rer4)n, Other than Ihe h"nanod staiemw)ts and w Report ol I￿e￿￿ent Authtors thefeon. thjr opinion on the finan0* statem￿ty does ¢over the otrw ira0m￿n and. the èxtent Oth8Th￿e e1p1￿rtty state(l in our reFQrt we (kn Tr)t e¥press any f(rn of as9Jrar¢e Co￿4￿5￿)n￿￿TeOn. In connecb'on with aLMlit ol linarKial 5talaneniS. reS￿nSIbIl￿ ts to rèad the other irtomiation and. in doing so, ¢on5ider whether the olher irrf(xmai*)n is Material￿ ir¢(ffl5iStWl wrth the fina￿1* statgments ty our knowledge oblained in Ihe authl or otherwise appews lo ￿ materialy rnisslaled. 11 wè Trdentify material Into￿ls1￿CleS or aFpar￿1 material misstatwnents, we are required to detemne this gi￿ iise to a rnater1￿ mi5Stalernent in Iho finarKwl slatements th￿S￿￿s. If, based on the we have pwlrThed. we crmdude Ihat there is a materi4 m￿51atemenl of this ￿her infolmalion, we requiray to report thai fact. We have nollMrKJ to retort in t￿"$ ward. Oplnlons on other rnatters prexrfbed by the COMP￿te$ 2rJJ6 In our opni)n, based on the work Urmyertak￿ in the cwrse of the aurfrt.. the irrfomation gNen in Ihe Rewrt of Il* Twustees Iw Ihe ffinwal yw fOrWh￿hIhe fina￿la1 statements areprepared is consi51wtt with the financia sial•n8llts', a￿1 the Report ol the Tru￿e•S has prepared ap[aC￿le legal r￿Ull￿n￿7tS Pag•10 rtclthèl nt to1￿ ￿rters atl•Ys on f*hleh we aye required lo ￿pOrt by ex In the light of Ihè k￿￿edge and understaThJirg ol the charitable C(￿panY ￿ ils en￿rOr￿ent in ihg wrse of lh8 audt. we have Klentrfied rnatwi* mts**ements in Rwrt ot TrLtstees. We have ￿t￿on9 io r¢p)rt in r•spw ol the Idl¢MiTrJ matlvs whwe Il* CompaThies A¢1 20C6 reqwre5 US to report io you If, in our opinion.. adequate accwntiro T￿l￿dS hè¥e noi or rdums lor our a￿t h￿& nol t*en r￿e1v￿1 Irom L¥anchès mt visiied ty us,. or the finan¢1￿ St*￿entS are not in agreement *ilh the aci¥)urtir¥J r￿rIts aThJ rstur￿. certain disdosyros of trus1￿$, i•nuneratiCffl SFttrf￿l by Law are not made: we have not rtteNed all ihe rformation aThY explanab¢rT5 we rè(VMrè lor aLKift: or Ihg trust88s wgr• Mt ￿th"tIed to take thartage ol the smal ccmpanies exempth'on Ircffi féqL*ran•nt to wepare a Strategic Report or in pr8pan"tVJ thè ReFKffl of Ihe Tnjstees. Respons5blllt*s ol trusl¢¢S As èyplained more fuly in the stat￿nen1 ol Tnjsiees. Reswsiblib¢S. the trustees Iwho are aso the directors of the ¢h4riiabl* company lor the purposes ol crynpany lawl are reSpo￿lb￿ IOT prtparabon of tha linarri￿ statements and for being satiyied that they give a Ift￿ aThl l&r wew. aThJ lor swh Irrter￿ cor¢rcl as trustees detèmiing is necessary to enatle the preparatKJn ol finarKial statements th¥ are frèe from m*erAI misS￿teM8nt, wh8th8r due to fraud or ermr. In Weparingth•lirba￿a stat￿entS the Intsttts are reswns*lefor asse55lrgthèthariia￿te￿rvatyS to c￿tinUe as a gryr9 c¢)ncern, d￿oSing. as apFlicatle, matters reL4bJ to goirrtj c(mcern a￿1 goi￿ ¢csn¢ern basis of accountirg u￿eSS thetsustets athér iniendlo IKiuKlatethe chariiat4eccffjpany ortocease operation5, c< have no realistic alternative tr¥Jt to do so. Our responslbllities lor the audlt of th fina￿14] str1eTr￿ts Ovrobj'ectivèsareto obtanrèasonabl•assurancÈaboul*thethw the finarKiJ slatwnerrts as awhc4e *efreefrom m*erial misslaternent. thther due to Irawj or error, ar¥J to issue a Rewrt ol the I￿lependen1 Auditors Ihat I￿r￿deS c*Jr opnion. Reasonable assurance is a trigh levd of assura￿. txA ts Mt a guaramee Ihai ￿ wdit COnd￿led in ￿e0rdance with tSAs IUKI will always detect a matwiJ mi￿ateMent rt ¢Xi5ts. Misstatements ￿ arise IrJJd or error and are ¢onsKlered materia rf, indwdualty or in the aggr83ate, they CQLAd reasonably b8 gXP8ci&J to tythuerts the SCOt￿MiC decisior￿ ol users on the ba&s of these linarri￿ Stat￿ents. reg￿artIes. IraLhl. ar• instsrw of WFcomF4iarte laws aThJ regula￿or￿s. We design pr￿urts$ in line with ow responsitilitie5. outlin￿ atK)ve. to dste¢t M*wI￿ misst*a))ents in respect ol irregUlar￿eS. I￿Vding fraud. The extent to whth our wocedures are capatle ol detectiro irregularitie5. i￿j￿11￿ fraLKI ts detaled below." We otlained an ￿derstan￿r0 cl thè legal and regUL￿(￿ aFWKknle lo tolh Ihe charitatrlgctynpany iisem and the seclor in which rt operates. We Klenlrfied area5 ol laws and r&Julalions thal could reasonatAy be expected to have a material effect on the fina￿￿ statwnents Irom ¢)ur sedor expenerL* and throthjh discussion with the Iiuslees and other Managem￿1. The most siwrficant were ￿￿en￿fied as Cornpar•¢s kt 2006. the cha￿l•S fv£t 2011 and the Charities SOAP {FRS1o￿. We considered the extenl of CCNn￿lar￿e ￿th ttK)se laK arnl ffjgulabo￿ as part ol ow procedures on rdated linanli 51algrntnts. Our a￿lit procedures in(4uc*d.' mthng enquires ol managwn*rt as to thwe lo be a to fraud and ether they have any k￿>￿t￿Je or of Ira￿j., obtai￿ng an underslancling of the internl ¢Orfrds tst*4ish*11o mrfigate risks relate(S to fraud or non. ¢c￿￿lanCe *ith laws and regulat￿n$., assessing the design elI￿l￿eneSS of corfro15 in ￿ace io ar#J d¥tect l¥auJ,. assessing the risk ol managernent override indu(fing id￿l￿1n9 and lestingjoumal en1￿$", challeThJir¥J Ihe assump11￿￿ aThjj￿ents made by man*Jem*tt bn its s￿1•{￿t a(uyJrtir¥J •stI￿at*s. Wlilsl wr a￿111 dKI T￿t Klerty •ny ¥wufieant matt*s relatiNJlo lh• detection of I￿￿UlaritieS I￿Udir9 fraud. aThJ despite the audit beir¥J plann￿ aThJ con(hxtgJ in a¢cNdar¢e wilh ISAS IUKI, there r￿n￿nS an una¥￿da￿4e risk that rnatwi missiatements in ihg linancaal statements may be delected ovAry to inhèr•rrt limitation5 of thè audrt, arbj that by th8ir very naiure. any s￿h in*artes ol fraud or irregularity W￿￿k1 likdy invrkn c￿l￿￿)n, forgery. irtenthonal misr8pres8ntations. or the override of internd contrds. A further description ol cAAr wtsFtyY&txlrti•s ltr iht autht of fit)axial staimnts FS ￿￿at￿l on the Financial Rqjorting Councifs websile at wNM.trc.ow.L*ja￿yI1￿Sresp0rsltrJ[it￿5. This de5CriPtion fomis thtr Report ol th9 Irthpendgnl Audrtors. Pag•11 rt011￿1 AL*knrs to the MÈmbtrs ard's TrLSt L Use ot ow report This report is made s¢Jely to the charilat4e ccmpary's rn￿￿. as a tyjdy. tn accudarce with Cwter 3 of Part 16 of ihe Companies Act 2006. Ow a￿rt wth been u￿leriaken so thai we mwjhl Stare io the charttatle companls members those matterswe arè r￿uir￿j lo stateto thwn in an a￿litOrS. rewjrt and f￿ no olher purpose. To Ihe fullest exlent permitle(J by law, we do ￿￿t ¥Ce￿ or assume re￿r￿lti￿ to arfyDne ot￿r than the chwiiayle cc*npany and the chantable compary'5 members as a bc4Yy, fry wr f¢¥ tt¥s rèrrt orlor th• cp"Thons wè hava lomièd. Kevin H Isenioi StatLrtory lor aThJ on If of Haines Watts &rm¥¥Jwn LLP 5-6 Greenfidd Cresc8nt Edgbasion &rmingham B153BE ge 14 SeN￿be￿ 2021 Pas*12 EDWARD'S.TRUST LTD stst￿nent of Financial ActiwtN•S ear eThled 31 Der£mber 2020 2020 Total funds 2019 Total lunds iknrestri¢ted R¢strl¢t funds fund Income and ethI0￿￿ents frun Donabon5 and kga¢i85 353.689 339.360 693.049 646.128 Charitable Holistic bereavement care 13.433 Other trading actN￿e$ Inveslrnent inC￿e 2.638 680 316 316 Total 339.360 704.006 662.879 Expendrture on Raising fu￿9 68.296 15.391 83.687 108.281 Charitable activities Holi8ti¢ bereavement cwe 180,952 215.950 396,902 415,424 Total 249.248 231.341 480,S89 523,705 NET INCCAIE 115.398 1118.019 223.417 139,174 Ro¢onclliatson of lund¥ Totsl funds brought 14)p•Ard 388.896 483,380 344.206 T+)tal lunds ¢affi•d forward 202.503 706.797 483,380 The noies ftym part o1th9$9 Inarwl s￿￿)￿nts P•g¢ 13 EtMIARD'S TRUST LTD fFin 31 Dewnber 2020 2020 Total nds 2019 Total funds Lknrestrirted lunds Regtrided fund Flxgd a$8•ts Tangible assets 14 2.265 2.265 2,800 Currènt *$$•t# Debtors Cash at bank 15 8,223 52S.1SO 5.224 197.279 13,447 . 722.429 21,917 492.350 533.373 202.503 735.876 514,267 Cred#or¥ knwnts iaiing due within one year 16 {27.944) {27.9441 126.8871 Net curr•ntaBsels 5D5.429 202.503 707.932 487.380 Total ass•ts l•ss curnnt liabiliti•s 507,694 202,503 710.197 49),180 Cf•dilors mounts falling thJe after more than one year 17 13MOO} 13,4001 16,8CQI NET ASSETS 202,503 706.797 483.380 Funds un￿trict￿l funds Restrided fu￿￿$ 19 504.294 388.896 Total fund6 483 380 Thw finanrial #atenents ha￿ been prq)ar*l in aCt0rd￿Ce wrth Ihè appJ￿al￿e to charrtabjè c(mpani•g sut4ect to Ihe srn*l corrwnies wThe. The financial staternwrfs *Ere appro%*d by ts Bowd cl Tnstee5 and aUlh¢Y￿9Y for i55W GYI Is>l i... 8ThJ *r¢ Sig￿ on ts beharr ty. F Gdtstraw- Trusi Thè notes fv)mi PArt ol t￿ 51aknents Pago 14 EOWARD'S TRUST LTO r endèj 31 D￿rnbel 2020 2019 Cash IlowB from operaling act5¥111•• Cash generated frcm operab¢y 231.376 137,525 Net cash prO￿d￿ by op6rab"ThJ actNit*s 137 525 Cash flov•s from in¥•sting adivltl•s Purchase of tar¥Jible fixed assets 4,200 Net cash used in investing aL*vil 1.2971 4,200 Chang• In cash and ¢ash equl¥al•nts In thè r•portlng periott Cash and cash eqU5v#￿ntr at th• be9inniThJ of th• r•porting poriod 230.079 133.325 492.350 359.025 Cash and cash 8qwval•nts atth• •nd of the reporting period The notes part of Ilw 5ts1wne Pw15 EDWARtYS TRUST LTO Notes to the S hFIo fof the r endeLJ 31 t)ecemter Re¢on¢lli•tlon ol net incryne to ￿ c•¥h In)m op•rnllng activltl•8 2020 2019 N•t Incom• forth• r•ptylfjng p•rfod la¥ per the sl1twn￿ of Financial Aeti¥itiOS) Adlustments for: Depwation ch8r90S D£rreaWlincreasel in de￿5 Decrease in cr&Jrtors 223.417 139,174 1.832 8,470 (2.343 1,400 1231 3,026 Net ¢a•h provlded ty operntion8 231.376 137.525 A￿1￿1# of lth nèt funds At 111120 Cash flow At 3111W20 Net cash Cash at bank 722.429 492.350 722 429 Total 492.350 230.079 722.429 The notes fcth part Of1￿ finaro* slalwnents P*Je 16 ELWAR￿s TRUST LTD Fin al Stat*nenis 131 Der*n￿r 202 Accounting policie# Basil of prnparing th• financial stat•mff The financi4 $￿ernents of thè tharita￿e cL¥))pany. whth ig a puUic tenefit ￿ un(Jer FRS 102. have been p￿pared in accordance Chanbes SORP IFRS 1021 'Atttsuntiffj and ReportiNJ by ChaTities.' Ststanent of Recornmendgj Prathce aFvIK*Je lo tharitie5 pwariThJ thèif accourts in *cordance wTrth the Finanaal Reporting Standard applu￿t in the UK and Reputyic ol IrelaTrJ IFRS 1021 leifectNe 1 January 20191,. Finantaal Reporting Standard 102 The Finanoa Reportirrfj S¢andard appli¢atAe in Ihe UK and Republic gf Ireland. aro th¢ Ccrnpanie5 Acl 2C(6. The finanaal sta1¥n￿ts have bew prepafgj uTrJer the histon&¥ (x)st convenb'on Thtr significant accountirKJ poh.oes apr4￿d in tIE Fryaratirm of these finar£￿1 siaternents am Sèt out bèlow. These poliaes have COr￿stent￿ a[pl￿j to *1 years Fffesent&Y unle55 therwise stated. Gcin The trus¢ee5 assess whether of conc*n is apK*L¥Jriate i.e. whether thwe are any rnaterial un￿rtaIn￿e$ relat￿ lo events or ccrfbjitiorts th* may cast signifieani doubt ability ol the cwnpany to conb.nue as a goiThJ corwn, indudin9 Thpact of cov1￿19 . Thè twstees make Ihis assessm￿ in respect of a period of One year Ir£•n Ihe Oate of for iswe ol the fina￿￿1 st*nents have c¢)ncluded that the charity has adequate resources to c1)nb"n￿ in cperab.onal e￿$t￿ ts the fr￿eable futu￿ and the re no m￿er￿1 ￿ne￿aIn￿S atrtxrt the charrty's a￿"IrtY to ctsitinue as a gtyrLg cortern. thus tw continue to ad(¥Jt the pn9 C￿CeM basis of ¥cwnting in thèfinaTrial statements. Incom• I Incomiro resources are indL*knJ in the St8th￿l of FI￿r￿)￿ AdNities ISoFA} Wh￿ the ¢h4rity 1$ leg•lly enbued to the incc¥ne after any perlomaThx c4￿drt￿jns ha¥e been met. the ￿ol￿1 can be mtasurèd reliably and it is probable that the 11K￿e knill be rera¥￿. For donats.ons to te rwnised trE charity will ha¥e been rK*tifigJ of ￿ amounts the setU8ment date in wfrting. If thwe are coTrJrtions attthj to the donabon aTrJ thrs wuirès a Itvèl tsf pèrfomianee téforè ènliuanent can be c*iasn&J then incc¥ne ts defer￿ unbl I￿￿e cm*liws we fully rnet cffj 1he I￿￿￿$nt of Ih05e condition5 15 wthin ihe contrc4 of the charty antl rt is that they wil be fvifill&Y. For legaries. receipt mu51 be recegristsj v*l*n it is wobatle that it wdl be I￿&y. Recapt is nrrnally probable when.. there has been a grant ￿ pfobate." thè execLrtots ha* establisw that the￿ a￿ suffioenl assets in the estattr, aft•r settling any hat¥lth"es. to pay ts b3acy'. and any con&t￿5 attacw tg ￿ lryacy are eithw wrthin the cortrd ofihe chanty or have be￿ meL Inccffie Ircffi trading èttivrtiès indudès irthne earwJ frcm luntr•siThJ e￿ts arnl tra¢Jing to rase fund5 fly the charily. Income is rec•veJ in Èxch￿ lor >JprA￿￿a goods aThJ se￿￿ In order to rnise funds and is rKcSnI5￿ wher4 ￿titI￿nent has No arn￿nI 6 induded in the finanoal slat8nwrts for vduntw ty"m¢ in line knith the SORP IFRS 1021. Furthor detail is in the Tru￿, Annual Rwt Expendlture All expen¢Yitu￿ is a￿L￿nt￿j for on an acuu*$ basi$ •rKI has bw ¢lassth*J undef hèadwws that agg￿ate al costs rdatej to the category. Expenditure Is rwnise(l ￿re there ￿ a legal or coTrstrudive obligats.on to makè payThènts to ttw.rd parries. rt is K¥rtJat4e that the sduament wll be requi￿ and the arnount of the obh'g*'¢)n be mèasured rtliably It is urdu Ihe fc41ov*ir*J he•jIr￿s. - Costs c4 ratsir@ furvts . Expenditure on d￿rrta￿ acbwts.es Irrecoverable VAT is chargal as an eypense •Jainsi thè ach.wty for vltich eypeThlitwe arose. Alloca11on and apportlorrfnent ol costs Re50uitss expend•J are allttated to th• palicjjar th.ty the cost relates L*reclJy tolhat actmty Tangibl• fix•d asMIs All fixed assets a￿ inithally iectyded zl Cost ￿ ValUa￿"On less acoJmsJlateJ deprecsa*"on and accJJmulateJ impairnenl10sses Depreciation is lo ￿lte off Ihe c05t Qf valuats"on, l•ss eS￿rnated residu￿ value5 of al assets except freehold I￿￿1, useful li¥e5. It is ¢al¢wlatgJ at Ihe folbwng ratos.. Le8sehold proK*ty ¢)ver pwi¢>a ofthe kase P*)8 17 conth"nu8d... ELMIARD'S TRIJST LTO Notes to the Financial Stal lor the ear endaj Accoun1ing polici•s- contlnued Tangrbk fix•*¥ ass•ts Fixtures offi￿ equikThert 10% to 20% on cost 10% to20% ￿ wst Taxallon The charity is ewnpt friyn lax on ts L*arrtatle athiie5. Fund aeeounting Unrestricted fvnds bg usèy in ae£ortsnce tharitable Oli￿tNeS at dwetion ofthe trust•ts. Reslrickny funds can ¢y4y be uwl lor part"cular restriclthy purposes *ithin the objects of tharty Resthcbon5 arise when specAfi&J by the dorK)r or kn fvnts a￿ fasaj fLY partscular restncknj purFQ5es. Furtherexplanation ofthe natvre WKI purpose of fvr¥J is indLthJ in Ihe notes to the financial statwnents. Defined ¢ontribthi¢)n scheme# The charitable ccmpany operaie5 a defi￿ tMtritxrtK)n w)sKJn schame Cortribuborts payat4e lo Il* sthqn? are charged to the Statement of Financial Admtits in the to relate. T•m)Snation b•n•fils Teminab"on bènèfrts are monies paid whw vnpbyment 15 twrnin** L*fore the nomd retirement date, or whenever an employee %c*pts vduntary reduThJancy in excharoe frA these tr￿nefits. The eompany ￿c•3￿lse$ terminatiC￿ benefrts when it is demonstr*y committ&g to either.. terminatiTrJ thg employment ol current •mploy￿S atcordiNJ to a Ileti•led formal Flan without pos%bilrty ol withjrawal," or providi￿ tenninatI￿ b￿efrt$ as a fesujt of an offer made to encwrage vdunt8ry rèjundancy. Dèbtorn antl ernd4torn rnc•i¥ablelpayabl• wlllin (Th Debtor5 and creditor5 Wrth no statex1 inttrest rale and rer8vatAe or payat4e wf(Iwn year are rttorded at transadion price. Any1055e5 aii%n9 frLYn inpaim)ent a￿ recOani￿ tn expenditu￿. Le•slng ¢ommknien¢s Rentals appIl￿ble to orwatir¥J lea5e5 vkn•ré substanb.aly all of the tenefits and risks of rth)ain V￿th the ts5gr are charged 4ainst incfme on a straight lire bag's over the of th& basè. Donations and1¢9￿1•$ 2020 2019 Oonations Gift aid Legacies Gwts 227.241 S,751 64,828 395.229 342.606 7.562 41.000 254,960 693.049 646.128 Ott*r trading a¢ll¥lll¢s 2020 2019 Sale of Merch￿liSe 2,364 2.638 Page 18 cthb"nued... EDhlARD'S TRUST LTD to the Finan for the r ended 31 tkwnber 2020 Inv￿lIn•￿t In¢ome 2020 2019 Intewt recwvable 316 In¢om• lrtah ehaiitsbl• athill•s 2020 2019 Activlty Holtstic c Trainiry i￿* 8,277 13.433 Rai￿￿9 funds Raising donations and l•gacl•s 2020 2019 Stsff costs Telephone & slaticrf Sundries FuTrJrai%ThJ costs 79.559 797 1.7$5 79.840 687 27,074 83.687 108,281 Charttable a¢ll¥ltles ￿$ts Direct Costslse note 81 Support Costs {$ee note 91 Totals HOl￿tiC b8reavement car• 396 902 Dir•d costs of ¢h•rflablg •cll¥lO•¥ 2020 2019 Staff costs PR and markèting ChiNY and farnily welfare Telephone Other direct costs Property expense5 Proles%onal fees Depreciats"on 220,216 2,146 6,803 7,174 26.583 43,448 25.083 237,137 4.884 9,837 6,610 32.241 42.251 11.380 1,400 333.285 345,740 Pagg 19 conb"nL*d... ENARryS TRU the Financial nu*J ear eTrJed 31 December 2020 Support ¢g¥ts Gov•rnanee Costs Fi￿nCe Totals Holistic befeavemwrt Support costs. incjvded in the abo¥e. are a5 foltv*&" G¢>v•mane• eosts 2020 Holl6tlc 2019 Total aetlvliles car• Wryes Auditors, r￿￿erab.On Accountancy arnj legal fees Travelliryj & sun 47,61S 48.872 5,940 8,551 6,321 6.212 837 69,684 10. N•1 Incomellexpendliurel Net incomdlew￿￿￿l1Ur8I is *ated aftef d￿￿￿￿{¢re0￿m¥j)." 2020 2019 Auditors, r￿￿eratsOn Depreciatiorn. assets 5,940 1,400 1,832 11. Tfust••s' rnmun•ratlon and b•n*flts Therè was Trustees, ￿une￿￿"on paLd year 31 Decwnbw 2020 01 £3.710 12019. £2,QJOI. For details se¢ as disdo*l in nde 21- related party transxl"or6. Tr￿lee$. expenses were no Trustee eypwtses rembJrwJ in the year12019'. £nll. 12. Stsff ¢o•t¥ 2020 2019 VV4es aThJ Sal￿8$ 365,849 365 849 The a¥wage morthly nwnber rj dumj the y¢arw4s ¥$ foltr•*¥. 2020 2019 Manag￿ent ofTru5t Fundrai&ng and put4itity Counselling Administrabc 14 14 No empbyee5 rew¥8J ￿￿um￿lS in exc￿5 of£60,( Page 20 contsnugj... EDWARD'S TRUST LTO Fina ts. contin￿j r end&1 31 Der£rnber 2020 12. Staff costs. eonknu•d The total amount ol ￿ploY* b￿efits r8c*b*J by key Mar￿g￿ent wsonnd is £84.44312019.' £64.2871 The key managem￿1 wsonrel of the Chanty thè Twststrs, Chièl ExecutNe Officer and Bewavem•nt ices Manager. 13. ComparnllTMS for th• ststement ol finan¢lal a¢tlvllles- 31 tl•cernber 2019 R•striet•d lund Total funds funds In¢orne and endo*vnents from Donations legatses 3*.795 249.333 646.128 Charltabkn •cli¥tt*$ Holisbc belea￿ent (we 13.433 13.433 Olher tr8¢*ng act￿￿e5 Investmenl inccffle 2.638 2,638 680 Totsl 413.546 249,333 662.879 Expenditur• on Raising funds 1Cfj.281 108.281 Charltsblt a¢￿VItI•¥ HolKsts"c bereavement care 205.$82 209.842 415.424 Totsl 313.863 209,842 $23,705 NET INCOME 39,491 139,174 Rttonclllation ol funds Tolal funds brny9M fonmard 289.213 344.206 Total lunds carriod formrd 483 3BO Pago 21 ¢onlsnwl... EtMIARD'S TRUST LTD Notes to the Finanaal Slatenents- c￿tinUed r endgj 31 Decemter 2020 14. Tanglbl• 1Sxed assels Fixtures and fftttngs •quIFYn•nt Total• Cost At 1 January 2020 A&Jrtions 38.$51 56.063 94,614 At 31 Doc￿ber 2020 Dgprgcialon At 1 January 2020 Charge for year 38.551 53.263 91.814 At 31 DecwTrbw 2020 38.661 66.095 93.646 Not bo¢k val At 31 Dewnber 2020 At 31 De￿ber 2019 2.8C 2.800 15. Debtor6: arnounts falling du• on• y•ar 2020 2019 Prepayments and incLYne 13.447 21,917 16. Cr￿￿01$. amothits falllng due THlthln one year 2020 2019 S¢xial secvrty aTrJ taxes Olher V￿ltorS Accruals and ijefwrwj inc4Jme 7.192 8.689 12.063 8,791 3,174 14,922 26,887 17. Cr•dltors.' •nounts falllng due aft¢rmorg than on• year 2020 2019 Accruals aThY defe￿￿ inccrne 6,800 18. Leaslng aweements Minimum the pa￿en15 ur¥Jw n(Trcanolal)le opwOW l¢as¢s fall duè as Idlov*S." 2020 2019 Witi￿n tsne year one and five years 33,184 33,184 66,402 66,402 99.586 P89tr 22 o)nb"nued... ECthIARO'S TRUST LTD Noles tolh Finan alements. continued lor the r e*xl&Y 31 20 19. Movwnent In funds B•laDce at 31 D•c•mb•r 2020 8alance at 1 January 2020 Incornifi9 Outgoing Resourcos Resources Transfvrn Unre8trictsd fund• General fund Designated ￿ndS Isee b￿￿) 1249,2481 1146.OChJl 146.000 356.294 146.oc Tot*1 unrestrict•d funds 388,8 249 2481 504,294 R•strfctod funds BBC Children In Need PCC Vith"ms FuThJ 8imiin9ham Q'ty Council Big Lottery Fund NLCF Comd Postccxje C(ffjM￿ity TrLLSt Awards For Al Grantham Yc**e Eve50n Trust Zurich Fund Alan Edwards Hi93S Allred Haine CT Building CoMeth"orts- 081i%v 49.778 15.036 141.0971 115.9551 18.CQ81 183.9721 114.6181 12,680 919 38.670 135,055 33.977 19.201 9.492 89.753 19,359 19,201 18.9121 {2.7921 {3.7951 {5,C641 {1,2501 18331 2,792 3.795 33.49) 28,426 23,194 1,4 17.542 35.323 131.012) {1.4901 27,505 Building Com•th"or£- Ots¥Jn 8UPA 5.029 Total re￿1¢¢¢d funds 231341) 202,503 Total funds 704.LX 480,589} 706,797 The fwbJs are availat4? to bo s￿1 fty aty ofthe charity. The trustees have designat8J reswves of£146.CW forthe kllrmir#J rti.paw pu￿. SPJ¥1￿ devdowent IT 1nfrastrL￿tL￿e Property relocation arKJ dilaF*J* £50,C(tJ t15,CtsJ É56.C £25.(0) All re51n"ct•d fvnds ar• eNptrthd on counselor sa¥*s and ¢*ikJ ￿ knily *Ella￿ cosls. Employ•• b•n•fft obligations The pension costs charg*d to the &at￿l￿1 of Finanoal ActNitEs represwl the wnrAJnt of the ￿trit￿rtIc￿S paYa￿e to the schvne5 in res￿￿ ofthe accounb"r¥J pwJo(L P¥23 continued.. EtINARIYS TRUST LTD to tl* Financial Slatenents. contin￿4 forthe ear ended 31 tkcembef 2020 21. Rehted party dIscI￿ule$ Fees toialliThJ £3.71012019.' £2.OCKJ} paKI to Chnstine Wkin lor dThc•l suFemon serv*& y0v￿d. 22. Ultirnat• tt>ntrdling PArty The thant&Jk ccfflpany is the ¢* rts trust*. 23. Company Ilmlted by guarantee The TrLLSt is a ccrnpany I'Mrt￿ by guararttet has no captal. In the event of the chanty being wound up. liablity in resFe¢t of the guafanteè is limited to £1 pw ffl￿ber ofthe charity. Page 24