Link 4ge Southwark Communities supporting older people (A Company Limited by Guarantee) Trustees Annual Report and Financial Statements For the Year Ended 31 March 2022 Company Registration Number: 05189161 Charity Registration Number: 1105923 Page Legal and Administrative Information Report of the Trustees Report of the Independent Éxaminer 12 Statement of Financial Activities 13 Balance Sheet 14 Statement of Cash Flow 15 Notes to the Financial Statements 16 Report of the Trustees for the Year Ended 31st March 2022 Legal and Admlnlstratlve Informatlon Trustees Caroline Havers (Chairl Adrian Greenwood Ioeputy Chair & Company Secretary) Stephen Henden ITreasurerl Bev Tanner Susan Sternglass Noble Rebecca Torry Dr Ruth Evans Funmi Olowe Susan Wilkinson Lucy Allen Mary Woodman Tim Devine Resigned March 2022 Resigned June 2021 Resigned January 2022 Company Number 05189161 Charlty Number 1105923 Reglstered Office United Reformed Church. Tell Grove, London SE22 8RH Chlef Executive Sophie Wellings Independent Examiners Knox Cropper LLP Chartered Accountants 65-68 Leadenhall Street London EC3A 2AD Bankers CAF 8ank Ltd 25 Kings Hill Avenue Kings Hill. West Malling Kent ME19 4JQ Trustees. Report For the year ended 31 March 2022 The Trustees (who are also the Directors of the charitable Company for the purposes of the Companie5 Act), present their combined Directors. report and Trustees. report. as required by company law. together with the audited financial statements of Link Age Southwark (the Charity) for the year ended 31, March 2022. The Trustees confirm that the Trustees. report and financial statements of the Charity comply with the current statutory requirernents, requirements of the Charitvs governing document, and the provisions of the Statement of Recommended Practice ISORPI "Accounting and Reporting by Charities" applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 (effective l January 20191. Mission Vision Values and Activities Our Vlslon Friendly, vibrant local communities where older people thrive. Our Misslon Link Age Southwark helps older people stay connected with their communities, alleviating loneliness, improving health and wellbeing and making communities stronger through volunteering. Our Values We are posltlve We bring joy, vitality and warmth to every setting we enter. We have 4 'can do, attltude We encourage everyone to share their unique skills, talents. passions and experience with eath other. We are always conne¢tln6 We know that connecting with other people is critical to everyone's wellbeing. We respect the Individual We See the person, not their age and always truly listen to the person in front of us, sèeking to understand their point of view. We are not alone We work in strong partnerships and link older people with our volunteers and with other services when that will help them and their communities thrive. Achievement and erformance Despite the challenges of this year, we continued to keep our mission of alleviating loneliness, improving people's mental and physical wellbeing and keeping our service users connected to each other and the local community at the forefront of our work. This was felt to be even more important given the ongoing impact of the withdrawal imposed by the pandemit. The last year has seen us move rapidly between 'lockdown' provision, social distancing and an in-person offer, as and when government restrictions and the irnpact of new variants has allowed. Having 'coped with Covid, last year, the team were well prepared for making rapid adaptations between the different phases of operation. We are really pleased with what has been 3chieved over the13st year and have particularly welcomed the opportunity to get our'in person, setvice provision back up and running. Our service provision over the last year is summarised below= Befriending Our befriending has combined telephone befriendin& online, outdoor and socially distanced visits in the home. With the lifting of restrictions, volunteers have been able to decide with their befriendee as to how they wish to continue their visits. Exercise, social and artivity groups Our groups offer now incorporates orbline groups. in person groups and hybrid groups where people can attend either online or in-persorb. All of our groups are dementia friendly, and we also offer groups that are exclusively for those with a diagnosis of mild to moderate dementia. We have started two new groups this year in partnership with local Churches that offer lunch for service users as well as social activities. Practical support We have retained the shopping service that was developed for Service users during the first year of the pandemic, however it is much reduced in terms of the extent of the provision. We have restarted our offer to do odd jobs around the home and light gardening services. We have also participated in targeted support projects including a 'Warm and Well, initiative funded by Southwark Council. We have introduced a new service offering volunteer 'Digital Buddies, to support people with IT queries in their own homes. New51etter- Our newsletter is sent out every two months to all those on our database who have consented to receive it. The newsletter over the past year has contained useful information including information about Covid and the vaccine,. as well letting service users know about our groups and events and local activities and offers. Transport During the periods where our in-person provision has been back up and running, we have been offering transport including volunteer drivers, taxis and escorted support. This ensures that those with additional support needs can attend our groups and events. Inter-8eneratlonal work wSth local schools Local schools have contirbued to support our work including Eroups attending our offices to assist with key tasks suth as preparing Winter Wellbeing bags for the 'Warm and Well, initiative. We also receive significant support at Christmas with school children writing Individual cards to all our service users and donations of Christmas goody bags. Agelng Well Southwark This hub-based provision is provided in partnership with the Consortium of Older People's Services in Southwark ICOPSINSI. With Age UK Lewisham and Southwark as the lead partner, COPSINS is offering hub-based support for Southwark'5 older residents and their tarers. As part of our offer we have developed an Information and Support service that assists older people with a range of issues as well as signposting them to other support networks and organisations. Hospital 8uddies- from March 2022 we have been developing a new Hospital Buddy Service in partnership with the British Red Cross. The project is funded by Southwark's Adult Social Care team and will launch in the next financial year. In 2021-2022, we= Worked with 450 dedicated volunteers, who contributed 24,589 hours of volunteering which is worth the equivalent of £271,708 (London Living wage Ell.05 per hourl- Managed over 18,000 contacts with older people throughout the year with the average age of our service users being 80,. Supported older people with a diagnosis of mild to moderate dementia through the provision of online, in-person and hybrid groups and delivery of activity packs to stimulate people at home; Offered 20 online, in-person and hybrid groups which were a combination of exercise, activity and social groups. During periods of restrirtions our specialist tutors rang service users without online access to encourage them to exercise at home- Supported 227 befriending relationships: Undertook 277 shopping. gardening. odd jobs and digital buddy support sessions; Hosted two parties and one Christmas meal at a local pub,. Delivered activity patks, Christmas goody bags, Winter wellbeing bags and flowers to over 100 service users; Delivered our bi-monthly newsletter containing information about Covid, the vaccine and local events and offers to over 550 service users. Demand for our services is starting to increase with the removal of restrictions. We have a backlog of service users waiting for in home assessments as these have only been able to start up again towards the end of this financial year. We are also noticing an increase in referrals of service users with more complex needs, however the full impact of the pandemic on demand is still being realised. Our service users have predominantly been very happy to return to in person activities, but we have also continued to support those who remain more cautious by offering hybrid groups that combine online or in person attendance. It has been wonderful to be able to host our in-person community fundraising events again and our open gardens activities last summer were particularly successful. We have done well financially over the last 12 months benefiting both from our community fundraising and support from a range of trust5 and foundations. Plans for the Future The last two years have, inevitably, been highly reactive. The pandemic meant that our focus was on constantly responding to the changes Wlth the virus and the restrictions. From February 2022, we have been starting to deliver our services in ways that feel both more familiar and more rewarding in terms of personal contact with ovr service users. It is hoped that this year will allow us to deliver our services in a more stable environment to the benefit of our service users, volunteers and staff. Part of our planning for the future has been in response to the pandemic and the withdrawal from human interaction that we were all subject to. We are looking to host groups that will allow a larger attendance and offer greater opportunities for peer interaction and regular exercise. The interest in digital from our service users over the period of the pandemic has prompted us to introduce a digital buddies service to support se￿Ice users to increase their digital capabilitv. Alongside this service provision, which is offered in people's homes. we also offer IT support via our Ageing Well Southwark drop in service provision. There has been a lot of research done around the importance of digital access and its impact on health and wellbeing and we are keen to ensure that our servite users are not excluded from the platforms that they need and want to actess. The new Hospital Buddy project. in partnership with the British Red Cross. will see us recruit volunteers to become Hospital Buddies to support people attending hospital for elective hip or knee surgery. The Brit15h Red Cross will be extending their existing 'Horne from H05Pltal' Service to work alongside the volunteer Hospital Buddy support. The project is being run as a pilot and will generate learning as to the impact for those referred in terms of reducing their ongoing need for primary care and increasing their community connertions. Governance and Administration Public Benefit The Trustees confirm that in setting LAS'S objectives and planning its activities they have complied with the duty to have due regard to the Charity Commission's general guidance on public benefit, Churities ond Public 8enefit. Llnk Age Southwark constltution and organisational structure Link Age Southwark is controlled by its governing document, the Memorandum an(1 Articles of Association and is constituted as a charity and company, limited by Guarantee, as defined by the Companies Act 2006. Link Age Southwark was known as Oulwich Helpline and Southwark Churches Care IDW&SCCI until September 2015, when the charitws name was Changed at a Special General Meeting of its members. The members of Link Age Southwark lall Trustees plus up to 30 additional members from among our supporters, servite users and volunteers) are eligible to elect DirectorslTrustees, and to put forward and vote on resolutions at the Annual General Meeting IAGMI. Staff This year has seen us increase the number of full time staff from four to seven. This is partly in response to the additional capacity needed to meet the backlog of work and our commitment to growing our service provision. At the end of the financial year there were seven full time and eight part time staff. Governance and decision-making Legal responsibility for the management and stewardship of the Charity is vested in the Board of Trustees. The charity has a Chair, Deputy Chair, Company Secretary and a Treasurer. Trustees meet every two months. The Board of Trustees has a finance committee, which meets regularly throughout the year, reports to the Board. and has its own Terms of Reference. Trustees make strategic decisions, in consultation with the Chief Executive. Day to day management is delegated to the Chief Executive, who attends all Board meetings. Operational decisions are taken by the Chief Executive and Senior Management Team ISMTI. SMT members report to the Chief Executive, who, in turn, is line managed by the Chair. Recruitment and appointment of Trustees Rule 38 of the Articles of Association refers to a power to fix the maximum number of Directors. At the AGM of 19, October 2015, a resolution was passed to set the maximum number of Directors at 15, on the understanding that the usual number will not exceed 12. The period of office is three years. The Articles of Association provide that, at each AGM. one third of the Trustees lor the number nearest to one thirdl must retire from ofFice= those who have been in office longest retire first. Retiring Trustees may normally put themselves forward for re-elertion by the members of the charity. A succession plan is reviewed by the Board regularly. and skills audits are carried out to inform Trustee recruitment. Trustees bring experience from the public, private and voluntary sectors and have expertise in management. finance. law. property. service delivery. IT and care of older people. Trustees are recruited according to their knowledge. skills and experience. A recruitment drive commenced in April 2021 to source new Trustees with a focus on.. social care, marketing and communications and a desire to recruit greater diversity to the Board. This resulted in foLJr new Trustees attending their first meeting in July 2021 and being formally elected to the Board in September 2021. OLbring the year, Tim Devine, Mary Woodman and Bev Tanner resigned from the Board. Fundralslng The charity is committed to ensuring that all of its fundraising activities are legal, open, honest and respectful. The majority of the income is derived from grant funding application5 made by the Chief Executive to trusts and foundations and the local authority. The charity has also developed an annual calendar of community fundraising events which are fatilitated through the contribution of the Fundraising Committee which is made up of volunteers and chaired by the Fundraising, Marketing and Communications Coordinator. The charity also benefits significantly from its Patrons scheme and organisation donations. No external professional fundraisers or commercial participators are used in these fundraising activities. The charity is committed to meeting the requirements of the new Fundraising Regulator, the standards of the Code of Fundraising Prartice, and the requirements of the Data Protection Act 2018 around protecting vulnerable people and treating personal data with respect when carrying out fundraising activities. Trustees, Llablllty and ResponsSbllltles The trustees (who are also the directors of Link Age Southwark for the purposes of company lawl are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the charitable company trustees to prepare finantial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently,. observe the methods and principles in the Charity SORP,. make judgements and estimates that are reasonable and prudent,. state whether applicable UK accountirbg standards have been followed, subject to any material departures disclosed and explained in the financial statements- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in busines5. The trustees are responsible for keeping proper actounting records whith disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for Safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable companvs website. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Trustees are also aware of and aspire to ensuring that Link Age Southwark demonstrates all the hallmark5 of an effective charity, namely to.. be clear about its direction have the right mix of skills and experience achieve its purposes and deliver its services efficiently as5es5 Its performance to help improve its efficiency have the financial resources to deliver its purposes be accountable and transparent InductSon and tralning of Trustees The induction programme for new Trustees includes: written information about LAS'S artivities,. a copy of LAS'S memorandum and articles of association.. a copy of LAS'S policies and protedures,. a copy of the NCVO Code ofGood Governance; a copy of the Charity Commission'5 CC3- The Essential Trustee information on Trustees, legal responsibilities: a meeting with the Chair and the Chief Executive. an invitation to attend a service user referral and matching meetlng,. an invitation to attend an activity group to meet service users; an invitation to attend LAS'S activities in the communitv,- attendance, as an observer, at a Board of Trustees meeting: being matched with a Trustee'mentorf Trustees are encouraged to attend relevant trainin8 courses including those run by Community Southwark, the Small Charities Coalition. Cass Business School, New Philanthropy Capital and legal firms offering relevant training. They also receive updates from the office on matters pertaining to effective governance. Risk Managernent Trustees maintain a risk register to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. LAS'S risk register is reviewed and updated annu3lly, with appropriate mitigation measures put in place. At every Trustee meetin& the top three risks are highlighted with a discussion if necessary. Fundln and Finances Financial Review Link Age Southwark completed the financial year 21122 with a surplus of £108,079. which represent5 a further year of very robust performance. It should be noted the majority of the surplus at year end was £85,000 income received, towards the Hospit31 Buddies Proiect. The costs for this will appear in the 22123 financial year. Even putting this amount aside, LAS delivered strong results against the budget, and turned a planned deficit into a surplus. The budget for the year wa5 set at a deficit of £51,877. Although this could have potentially resulted in a reduction of capital reserves, the risk was considered acceptable due to the irbcrease in reserves in the previous year. with the Trustees taking the view that it was important to continue to invest in and develop service delivery in an environment of rising need. Turning the budgeted £51,877 deficit into a £108.079 surplu5 was as the result of several factors. First, income came in at £694,756, a substantial increase against budget as well as the previous vear. Of particular note, is the strong increase in funds received from grants and organisation donations. In total these funds, and those received from the National Lottery, reached £415,064, versus a budget of £290,340,. as noted above, £85,000 of this is funding received towards year end for services which will be delivered in the next financial year. LAS also continued to benefit from the core Southwark Council grant of £138,656 as part of the Ageing Well Southwark contract. Details of all the organisations who generously enabled this are available in note 2 of the accounts alongside this report. Second, expenditure was delivered below budget; £586.677 versus a budget of £622,373, hence a further contribution to the robust financial performance. It is of note that much of this saving resulted from reduced staffing for a period of the year as a result of staff turnover and prolert costs due to the ongoing impact of the COVID pandemic and, in particular, the Omicron wave in late 2021. Result lor the year The finantial year ended with a surplus of £108.079, made up of £16,926 of unrestricted funds and £91,153 of restricted funds. It is pleasing to see a strong figure for unrestricted funds once again this year, as with this money LAS has full flexibility in how it is used to optimise service delivery. Following two consecutive years of surpluses, LAS resetves have increased to £544,994 which puts the charity into a robust position moving forward. Against this background the Trustees have once again agreed to set a deficit budget at £159,209. Of this, £85,(X)O pertains to the timing of the funding and service delivery of the Hospital Buddies project. As at the 31 March the free reserves are £325,161. On the assumption that the budget is delivered. but not exceeded then it will result in the reserves being reduced to £385.785. which represents just over 6 month5 of operating costs, in line with our reserves strategy lsee below). The Trustees agree this budget represents a prudent investment strategy to ensure tontinued service delivery development. The Trustees are also mindful of the global economic landscape. Unprecedented inflationary pressures and lack of consumer/business confidence may well impact on donations and income and LAS must consider the potential effect of high inflation on salaries and overheads. In this environment the Trustees are aware tight scrutiny will be required on the artual figures and developing trends, so they can have early sight of anv io indication that forecasts are indicating an undershoot on income or overshoot on expenditure. It is immensely helpful in thi5 process that LAS have recently outsourted the accounting processing and production function to JS2 who deliver the management accounts monthly, in a very clear and concise manner. Reserves and Investments Policies The reserves policy, as developed, remains in place. in that the Trustees agreed LAS should hold six months of budgetary expenditure in resetves. For 22123 six months budgeted expenditure is £363,897, and the budgeted reserves at year end are projected to be £385,785, hence this metric 15 met. Should a negative variance against budget begin to develop, six months would provide an ample window in which costs and service delivery may be re-configured in order to ensure the continued financial viability of LAS. These fund5 are invested in various dep051t accounts up to the limit of the FSCS guarantee. Independent Examlner A review of our Independent Examiner was considered in the autumn of 2021, however the Trustees agreed that a5 Knox Cropper LLP had worked well with LAS they would continue to be employed. It was also not considered appropriate to change the Independent Examiners at the same time as the discussion regarding out50urcing of the accounts function to IS2 was taking plate. This report was approved by the Board of Trustees on and signed on its behalf by.. 4 July 2022 Carollne Havers Chalr Stephen Henden Trustee and Treasurer li INDEPENDENT EXAMINER'S REPORT TO TrIE TRUSTEES OF UNK AGE SOUTHWARK FOR THE YEAR ENDED 31 MARCH 2022 I report to the charity trustees on my examination of the accounts of Link Age Southwark forthe period ended 31 March 2022. Responslbllltles and basls of report As the trustees of the charitable company land also its diredors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 I'the 2006 Act'l. You are satisfied that the accounts of the Company are not required by charity or company law to be audited and have chosen instead to have an independent examination. Havin8 Satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of the Ctsmpanrfs a¢tounts ¢arried out undèr Section 145 of thè Charit1è5 Act 2011 I'the 2011 Att'l. In ¢arrying out my examination I have followed the Dire¢tion5 given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examlnerfs statement Since the Company's 8ross income exceeded £250,OCN) your examiner must be a member of a body listed in section 145 of the 2011 Act. I can confirm that l am qualified to undertake the examination because l am a re8lStered member of ICAEW which is one of the listed bodies. I have completed my examination. I confim) that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. a¢¢ountin8 record5 were not kept as required by sedion 386 of ihe 2(Q6 Act; or the accounts do not actord with those records- or the a¢¢ounts do ngt ¢omply with the attounting requirements of se¢iion 396 of the 2006 Act other than any requirement that the account5 give a 'irue and fair view whith is not a matter considered as part of an independeni examinaiion., or thè accounts have noi been prepa￿d in accordance with the methods and principles of the Statement of RecommendÈd Practice foraccounting and reporting by charitiès applicable to charities preparing their accounts in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concern5 and have come acr055 no other matters in connertion with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Shoalb Arshad. ACA, FCCA Knox Cropper LLP Chartered Accountant5 65-68 Leadenhall Street, London, EC3A 2AD Date.. 8 August 2022 12 STATE￿￿rOF FINAN04LAcll¥TnES FOR THEYEAR ENIJED31st M#ACH 2022 YearendEd31 ￿rth2o22 Yearended31 Marth2021 Fur INCOMEAND ENtX)WMENTS FROM". Donitlon5.Gi•ntsand Lwc Voluntsry IrKQmP 259.612 182.866 202.544 49A75 872 i￿.6$& 49.415 B71 14656 53.9 53.806 2,348 Inwestment Incomp LondoTh8ortsuEh tslSoknthwat* 136.0&è TOTALINCOME ¥144 259.612 694.756 375.IC4 202,544 577,651 EXPENDITURE FROM.. OkletP¢¢P )Y.744 1614$9 $61202 311656 219.907 538.563 13,475 13.475 19,758 TOTAL EXPENThIURE 16U59 5W77 JJ•A14 219.gD7 551.jti 14•¢inwm*iiewn¢ivJr•lb•f•r•Trv4f•ry 19,3$1 l•rsb•tthYM Fundi Total Fundsai Ihtsiartoft￿¥*lr J71.709 6&X6 4J6.9L5 33S.015 82.569 Total FuDdsaitb*end olthtye* £ 1rt655 E l*J59 É 544.991 £ J71,70> £ 65.2D6 £ 436.915 The S¢Jltmeniof FinJn¢lJl*£irirt*slrKlw*$41l￿n1In￿kn￿sl￿¢￿sÈdift Ihty¢4r The noteson 16to22 fofm part￿tr*Se hMn¢4I5i•teh￿ts zi FIXEDASSETS 7P.326 CURREpifASSETS DEbtW5 169. 33O.J87 99.5B7 17.218 171.776 LEu".CUHAEMfLIABIUTh5 io 476m8 359,589 T0TALA$5trsLÉ5SCURAÉNfUM￿t$ CHA￿lYFuNDS R￿t￿tredFUD J5&359 DDY￿at¢￿ Funds 63A74 72.575 VDrutnrl¢d Fund5 315.161 259.134 TOTALFV1105 olth•Companl•5A￿ 2008 ThtMthT*mhi￿r￿l r￿s￿d¢b•£￿￿VIoQtl*n￿¥Jd*c1IIlK(￿rtlforIh* InquE5tiDn In i(rot¢ifflcE¥Aih5eUion476oli*¢Comwn*5*413C w5th lhtprov131onsippliubltlocomp1￿*%1￿e(l1¢th*srnlIIcCffjPY1H'ry￿￿. 41h Juty 2022 C•rdlM ch￿r￿*TryI1¢+* 14 STATEMENTOFfASTrIFiOW 2021 45.193 871 151 elnc•5h4DdcmheqUry*￿trIDthereVor￿p￿knd 141.5661 3?L7F6 42.376 31Y.34 CXh4ndush•qufv*￿ts•tthlw￿o*thIv••r £ 311.776 2021 FIetiDroffjefortheitpcrtrywi￿j l(*,079 iu (8711 9.483 12.wl lntere5ilr￿ In¥¢rtmEn15 IlrrtreasellDttreaseinthbtor 4.356 45.X9J NOTESTOTTrIEHMANCIALSTATEME•JTS ACCWNllNG pouaE5 sotPrww4t wi¢hthe5mall enlitie5pTOVl5ionsofFi￿￿C1& RWInESlaThthrdlQ?￿d￿thlhEowljeS$oRP Family-mw**￿rfrn SIGe￿IetheM¥rt A6f UK Lew&5outhwark.WaTrn&Wel Drawischorit4￿*Fa￿d11m Stsuthwlik￿UlI 5ty¢ial(¥t Southwir*Adult s￿lI1C¥* L5 8.U5 5.J47 1325 S.J47 Isx Jsm*J TheOL￿W￿h Vnlltd 51WlouiSCh•ily tUK 37.5 17.xil StGKt8•th•M•rt 16.667 667 1&667 5oulhwipk IIMSSauihw¢aikCCG Th*Sa￿lI Fourtdèt Th•Elizib•th PrlnuZIWrTrwl 159h12 4?5.W 291.672 Individu& I1￿. P•lioD51vndCWDb# 05M53 2ts35 45mJ ￿.560 9.972 QThET *).688 91.s 246.110 25*612 ￿￿2 365.410 17 r•)TESTOTHEFifwK¥AL5fATEMEFif5 FOR T￿yEAR ENDED315EM•RCH1022 owtrADLEACnVtriES SWhw3rkCou￿l 13&656 14656 1]4088 EXPEMDtWRE2Q12 2012 trart13bk Eippr Fundrai￿n¥t￿lIS 115.767 4.827 563.201 23,475 539.317 18.991 17.569 1,079 EXPEiiofTURE2D21 li rh4bh Exp•rdlur• IA3.gU 18. 741 J4a75> 55BJZI 5UPPORT&GOVERN•J4CE cosr52022 69? 1i.È56 5.013 i).( TelephonE 12Y 14.60 17.52J 11.1 ¢Trt & LWlbl1 Oew•ciltlo 836 796 1017 702 450 Tralniw& r•crL¥tm•DI *.411 24871 1.129 iiy 2.105 L0>7 91 Oiher 8¥n4ChariN&CoMum 3,265 8.391 1.617 IIVJ57 IndEpen¢ent Ex•rtlMUOhFe•s Olh•rGo¥wn4fic•￿I1s SIAtIcosis Tot•lGMiDarKqCoMs 1.801 S.É4S 9Jll IA. Zl.270 TotalSupwr&G¢¥¢¢fi¥rtt¢i¢ts 7•7 124.594 141751 19 r•)TESTOTHEFifwK¥AL5fATEMEFif5 FOR T￿yEAR ENDED315EM•RCH1022 Aepav5.MaintEnantp&tr T¢l¢pho eookkeew 11.856 5,013 I3.￿) lJ.¥17 163 Jz. 11477 176 450 ]07 Tr31ninES rKrwtmpnt PiintinL Posl•¢e&Slil orhersiaff Costs 4J26 145 L510 42 4&071 Oihèr 0ankCharLe5&1￿￿nthe5 Tota15upportCo#5 &1 1755 92 2J47 12ZJ94 4m9 12146> Independent ExrmiMbonFe4S Oihtrfjty4¢thIrt¢¢<0sts StalT ETIMCOMEIEXPENC4TrWEI 2012 Th151silitEd tharylry.. 11.246 2,156 Ind4p*r*eTht pon￿on(0$t$ 2.616 17.697 I￿STol￿4EFltrwj(L4LSlATE￿Etr4Ts THE YEARÉNDÉDalstMARtM2022 5TAFFC05TS Ttya staf1cr￿IsYJeItasfo1lOws". W3VsandSa13nE5 Sxial SKuiityroll5 a92.￿P 351670 >).457 17.&37 4OIAZ4 Charilablektr4rtiE5 P1oemF4oyeerec￿¥¢dre￿n￿ll1Wbne￿(e$5￿I￿.r￿(302l.w￿IL￿ryfr< Imount¢d IV￿3,06512Q2J-57.0Y3} TANGIBLEHXEDASSEn 05T %J63 717 95.880 9).717 xn7 765 95.8 DEPtttIATV)tr4 55) 11.246 9.071 2.5S6 2?.24J 145Y NET•OOKVALUE A131 Mlt¢h2012 A131 Mirch2021 5.492 4.752 63.174 TQRS Tot Tth OkttetO¢tyI¢IS 9S.SS? 1.849 13.369 169. REC4TORS. •mwnistrMlr¥*J•*knlTrw•vw Other¢re4htyS 5.1( 23.ssg 28.549 FOA ThÉYÉAR ÉNOEDJtst M*thcH￿￿t 5TATEMEpifoF FUNDS4t31W2 unl￿tr￿ledFUnd1 GeneralFunds Des1¥￿1<￿FUDd.Dvw￿1 .134 12.575 JPL71U 14N2181 9.101 (9.Wil 63,474 388.S3S 435.144 141&2Aal RErtmEdFunts 62S 12.5SI ThE NationJlLDttery UllryFamil¥. stGEorEptheMartVT Suu¢hwaTkCouMilllw¢h FwdsExerci5ex 7 &315 IA751 126.7511 UnilEdSt W￿r.{￿r￿M￿￿art*S StGtor$etheMartyr eUKLvLv& SDUthwJik-Wann&Wdl Ribert M(41pineFowdèt 2.647 I5.IK 85,( thwark*lullS¢*￿o 259.612 Vnr¢5lTIrtEdFwth •stil(t￿ FMds 435.J44 259.612 14LB.2UI 116&4591 5*67 3g8,636 4)6.•15 544.944 STATEMEtr4TOF FUNDS4t31mJl unrwiyk1￿v￿￿di 253.369 4].646 335.015 375.1 399,1 Desi$hatedFund.rrfwofTh¢es 1338.4141 371,709 Henry5mllkCk•rt Goldsm￿h1.cr￿VTryc￿1hY Is.f (47501 13.159 113.6591 Oundwwk UK Hoberl NallonalLottorycom￿nhyF Thr N•ilonilLDllery 117.5•)1 174.8751 37.160 52.625 IA.so)) 11.7th)1 11S.LK 14.rthi $5,206 vrrttttilcl￿￿L￿ 335.015 375.1 1338.4141 S5.106 417.58• 21 40TESTOTHE F114AMCIALSTATEMENTS Atr4AiYYSOF NET ASSET$8ETVrtENFUNDS. )I.W2 T3fflgiblE Fix&A55E cU￿e￿t A$5etS urt¢nlLi¥tykntieS 343.227 156.359 499.517 38(634 156J59 ANAiIY50F FlET￿Er$BETv￿ENFu￿D5-al.O*II 321.718 129.4051 J?1. 388.994 129.4051 41&9XS PENSKJNCOMMffMtNTS The(h3rity