OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-03-31-accounts

Annual Report and Financial Statements

For the year ending 31st March 2021

Bernard Sunley Foundation

ANNUAL REPORT

Registered Office And Official Address

Bernard Sunley Foundation Green Park House 15 Stratton Street London W1J 8LQ

Board Of Trustees And Directors

Mrs Anabel Knight (Chairman) Mrs Bella Sunley MBE Dr Brian W Martin Mr William Tice FRCS Mr Inigo Paternina Mrs Lucy Evans

Director

Ms Sue Davies

Auditors

Haysmacintyre LLP 10 Queen Street Place London EC4R 1AG

Bankers Clydesdale Bank 154-158 Kensington High Street London W8 7RL

Investment Managers

Barwood Capital 4 Waterside Way The Lakes Bedford Road Northampton NN4 7XD

Blackrock Advisors (UK) Limited 12 Throgmorton Avenue London EC2N 2DL

CCLA Investment Management Limited Senator House 85 Queen Victoria Street London EC4V 4ET

Charles Stanley Pan Asset Capital Management Limited Bishopsgate 55 Bishopsgate London EC2N 3AS

FF&P Private Equity Limited 8 Sackville Street London W1S 3EZ

Fundsmith LLP 33 Cavendish Square Marylebone London W1G 0PW

Mayfair Capital Investment Management Limited 55 Wells Street London W1T 3PT

Bernard Sunley Foundation

2

ANNUAL REPORT

Contents

Annual Report

Financial Statements

Bernard Sunley Foundation

3

ANNUAL REPORT

Structure, Governance and Management

The Bernard Sunley Foundation was founded on 28th July 1960 by the late Bernard Sunley (1910–1964) who pledged £300,000 worth of shares in his property company, the Bernard Sunley Investment Trust, to establish an independent grant making charity.

The Foundation was later incorporated as a limited company on 1st April 2005, with the company registration number 05407187.

Trustee Board

The Board of Trustees remains comprised of mainly family members. These being Bernard Sunley’s daughter, Mrs Bella Sunley; three of his grandchildren, Mrs Anabel Knight (Chairman), Mr William Tice and Mr Inigo Paternina together with non-family members, Dr Brian Martin and Mrs Lucy Evans.

Finance Committee

A Finance Committee, comprised of Dr Brian Martin (Trustee and Chairman), Mrs Anabel Knight, Mr Richard Tice and the Director, advises the Board on financial and investment policy. The Committee monitors the performance of the portfolio along with the Trustees’ investment advisers and makes appropriate changes. The Committee also monitors the internal financial controls, advises the Board on the appointment of auditors and assesses any potential risks and mitigation.

Governance

Trustees are appointed by the Board of Trustees and serve for three years, after which they may seek reelection. Trustees are recruited through nomination to the Board by existing Trustees and are drawn from the family and those suitably qualified, who would bring appropriate experience to the Board. The Trustees meet three times a year.

The day to day running of the Foundation is delegated to the Director and a small team. The Director reports to the Trustees. A number of the founder’s grandchildren and great grandchildren also attend the Trustees’ meetings to contribute to the discussion about grant giving and carry out site visits to potential grantees on behalf of the Foundation.

Trustees have regard to the Charity Commission’s guidance on public benefit in directing the work of the Foundation and ensuring that the Foundation complies with the Good Governance Code and with the provisions of the Charities Act 2015. Grants are awarded to registered charities, charities with officially recognised charitable status or charities with exempt or accepted status which themselves meet the public benefit requirement.

Bernard Sunley Foundation

4

ANNUAL REPORT

Objectives and Activities

The Foundation supports charities in England and Wales working to raise the quality of life and provide greater opportunities for the young, the elderly, the disabled and the disadvantaged. Each year, the Foundation awards over £3.5 million to capital projects that deliver a real community focus or provide facilities to support those in need.

Objectives

Grants are made across the Foundation’s four funding categories which are community, education, health and social welfare. The Foundation tends not to fund charities with an income of over £10 million per annum as Trustees prefer to support smaller organisations where funding can have more of an impact. Neither does it fund projects that cost less than £5,000. Trustees have a strong preference for capital projects as opposed to running costs.

Activities

The Foundation offers three levels of grants. These are large grants of £20,000 and above, medium grants between £5,000 and £20,000 and small grants of £5,000 and under. The large and medium grants are considered and agreed upon at the three annual Trustees’ meetings. Where Trustees award large grants, either the Foundation has been involved with the charity over a prolonged period or the project under consideration has been visited and discussed in detail at the Trustees’ Meetings. The small grants are agreed by Trustees on a monthly basis and form the majority of the Foundation’s grant giving. The Foundation maintains a rolling programme and accepts grant applications all year round.

During the year, it was agreed to mark the Foundation’s 60th anniversary by Trustees selecting one charity each to receive a grant of £100,000. The Foundation has also encouraged a wider use of its logo to ackowledge its grantmaking.

Covid-19: Impact and Response

The Foundation responded promptly to the challenges presented by Covid-19. The homepage of the website was updated to make charities aware that the Foundation remained open for applications. The online application form was amended so that charities could provide information on how the coronavirus had affected their proposal. The Foundation continued to fund capital projects but also made 21 revenue grants amounting to £245,000. Priority was given to those charities with whom the Foundation has had a long relationship and who adapted their work to meet the immediate needs of their local communities.

Bernard Sunley Foundation

5

ANNUAL REPORT

Achievements

and Performance

The Foundation has now awarded nearly £124 million in grants since it was established in 1960. This year the Foundation made 395 grants totalling £3.717 million.

Four funding categories

These grants are distributed across the Foundation’s four funding categories of community, education, health and social welfare.

Grants are given towards capital projects that deliver a real community focus or provide facilities to support those in need.

This year, these categories were each awarded:

----- Start of picture text -----
Education
£929,000
Community
£1,726,000
Total amount awarded
£3.717m
Health
£459,000
Social Welfare
----- End of picture text -----

----- Start of picture text -----
£603,000
----- End of picture text -----

Bernard Sunley Foundation

6

ANNUAL REPORT

Achievements

and Performance

This year the Foundation received 760 grant applications of which 98% were eligible. Out of these eligible applications, 54% were given a grant.

----- Start of picture text -----
Grants approved by geographical area
More than half of the charities (52%) that received
a grant this year were organisations that the
Foundation was funding for the first time.
Grants are awarded to a range of projects
throughout England and Wales.
North East
Regionally these break down as:
8 %
North West
7 %
West Yorkshire & Humber
6 %
East Midlands
6 %
West Midlands
5 % East
Wales
8 %
5 %
London
Other
(UK wide, England & Wales,
England, Overseas) 6 %
South East
15 % South West
18 %
16 %
GIVEN GRANTS
----- End of picture text -----

Bernard Sunley Foundation

7

ANNUAL REPORT

Achievements and Performance

Community

This is the Foundation’s largest category with 60% of grants being made in this area. This year £1,725,500 was given and there were 232 grants awarded. The majority of these grants (65%) were small grants of £5,000 and under.

----- Start of picture text -----
AWARDED GRANTS
----- End of picture text -----

Within this category, the Foundation supports capital projects that bring local communities together and provide greater opportunities for the young, the elderly, the disabled and the disadvantaged. Grants are made towards the building or refurbishment of scout huts, village halls, community centres, youth clubs, boxing clubs, outdoor activity centres, farm and outdoor learning centres, sports centres and pavilions, playing fields and playgrounds. The Foundation also funds the purchase of new minibuses that assist those most in need in their local communities.

Grant recipients this year included over 30 uniformed youth activity groups such as the girl guides, scouts and sea cadets as well as 17 youth, boxing and outdoor activity centres. The majority of the grants were awarded to village halls, community centres, sports facilities and churches hosting ample secular activities for the wider community.

Education

The Foundation awarded the second highest amount of £929,000 which is an increase of 48% from the previous year. The total number of grants made in this category was 56.

Grants were made to 8 charities supporting countryside learning and outdoor activities for children. A total of 22 special needs schools were supported with grants going to the creation of new play areas, sensory spaces, outdoor classrooms and teaching kitchens.

----- Start of picture text -----
AWARDED GRANTS
----- End of picture text -----

The Foundation also supports the purchase of new, adapted minibuses that benefit children with special needs and disabilities as well as grants to educational nature centres and to new education and learning centres at museums, galleries and other arts organisations.

Bernard Sunley Foundation

8

ANNUAL REPORT

Achievements and Performance

Health

A total of 40 grants were awarded at £459,500 which is an increase of 83% from last year. Grants were made to 4 hospices as well as care homes and rehabilitation centres. The Foundation also supported new mobile care units and a mobile sight centre.

----- Start of picture text -----
AWARDED GRANTS
----- End of picture text -----

The emphasis is on helping charities that are providing an excellent standard of care and support within their communities.

Social Welfare

This category supports projects for veterans, the elderly, ex-offenders and those in prison and schemes that enable people with mental and physical disability to live fuller lives in the community.

----- Start of picture text -----
AWARDED GRANTS
----- End of picture text -----

This year, the Foundation awarded £603,000 with 67 grants being made towards projects such as the creation of new, affordable housing units, new treatments centres and building improvements to assist the homeless and vulnerable.

This category also supports projects for veterans, the elderly, ex-offenders and those in prison as well as schemes that enable people with mental and physical disability to live fuller lives in the community.

Bernard Sunley Foundation

9

ANNUAL REPORT

Investments and Financial Review

The Foundation’s funds are generated by its diversified investment portfolio. The Trustees’ investment strategy is to maintain the real value of the portfolio whilst continuing to provide sufficient funds for grant making.

Objectives

The Foundation’s funds are generated by its diversified investment portfolio. The Trustees’ investment strategy is to maintain the real value of the portfolio whilst continuing to provide sufficient funds for grant making. Over the past five years, the Foundation has supported grant giving of approximately 3% per annum of the value of its overall assets. Trustees have adopted a total return approach of making distributions both from the income stream that the portfolio yields and from an element of capital return.

Investment Portfolio

The investment portfolio is made up of equities managed by CCLA and a developed world index tracker fund with BlackRock. Pooled funds are managed by Charles Stanley Pan Asset, Fundsmith and HICL Infrastructure; property funds by Mayfair Capital and Barwood Capital and private equity by FF&P.

The largest share of the Foundation’s investment funds comes from its listed equities at 49%. The remainder is split between the listed pooled funds at 41% and the listed property funds and cash. The year end market value of the investment portfolio was £146 million. The costs of managing the investment portfolio was £796,000 compared to £727,000 the previous year. During the year, the Finance Committee agreed to terminate its contract with Charles Stanley Pan Asset and transfer the proceeds into its HICL, CCLA and Fundsmith holdings.

Management

Trustees delegate investment decisions to the Finance Committee who also advise about the appointment of investment managers and monitor investment performance against agreed benchmarks. The Foundation’s investment funds are reviewed at the four annual Finance Committee meetings. The Foundation maintains minimal cash holdings sufficient to pay the grants and ensure the smooth, day-to-day running of the Foundation. The Finance Committee review a six-month cashflow and financial forecast at each meeting in order to maintain this policy. The Foundation’s Director and Finance Officer also review the cashflow on both a weekly and monthly basis.

The Foundation’s running expenses (including staff costs) were £280k (a decrease on the previous year) and governance costs (including audit) were £13k.

Fundraising

The Bernard Sunley Foundation has not made any fundraising appeals to the general public during the year, and as a result there has been no outsourced fundraising via professional fundraisers or other third parties. Consequently, the charity is not registered with the fundraising regulator and received no fundraising complaints in the year.

Bernard Sunley Foundation

10

ANNUAL REPORT

Reserves Policy

The assets generate sustainable capital growth and income in order to meet the Foundation’s aims and activities. The Foundation does not have a specific reserves policy as the whole portfolio could be available to act as a reserve and it is not considered appropriate to identify a level of free reserves that needs to be maintained.

Staff Remuneration

The remuneration of staff is reviewed annually, approved by the Board at the Spring Trustees’ Meeting with adjustment taking effect on 1st April of the new financial year. Trustees use comparisons with similar trusts and foundations to set rates of pay, note the level of effectiveness of staff members and also take into consideration annual CPI/RPI cost of living indices within the UK economy.

Risk Assessment

Trustees are responsible for monitoring and mitigating the principle risks being faced by the Foundation. Trustees are satisfied that processes are in place which ensure good governance, prevent fraud or malpractice, retain the good reputation of the Foundation and ensure compliance with relevant legislation.

Plans for the Future

Trustees wish to maintain the momentum of the Foundation that has been built up over 60 years. A review was conducted by the Trustees in November 2018 to set the priorities for the next five years. During this review, the Trustees agreed, in principle, not to award grants to charities with incomes of over £10 million nor those with project budgets exceeding £5 million. The Trustees are also not usually funding any applications for medical or research medical equipment within its health category. The Foundation now focuses its support in this category on funding building improvements to care homes and hospices; improvements to day centres or other facilities for the elderly and those with special needs; the creation of outdoor or recreational spaces for patients and specialist new transport. This now means that the funding criteria for health is much more aligned with the Foundation’s three other categories of community, education and social welfare.

Bernard Sunley Foundation

11

ANNUAL REPORT

Statement of Trustees’ Responsibilities

Under charity law, the Trustees are responsible for preparing the Annual Report and financial statements for each financial year which show a true and fair view of the financial activities of the Foundation during the year and of its financial position at the end of the year.

Auditors

Haysmacintyre LLP have indicated their willingness to continue in office and offer themselves for re-election as auditors in accordance with Section 485 of the Companies Act 2006.

By order of the Trustees

In preparing these financial statements, the Trustees are required to:

Anabel Knight Chairman 17th November 2021

The Trustees are responsible for keeping proper accounting records, which disclose, with reasonable accuracy, the financial position of the Foundation at that time and to enable them to ensure that where any statements of accounts are prepared for them, under section 132 (1) of the Charities Act 2011, those statements of accounts comply with the requirements of regulations under that provision.

So far as each of the Trustees is aware at the time the report is approved, there is no relevant audit information of which the company’s auditors are unaware, and the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

Bernard Sunley Foundation

12

ANNUAL REPORT

Independent Auditor’s Report to the Trustees of The Bernard Sunley Charitable Foundation

Opinion

We have audited the financial statements of the Bernard Sunley Foundation for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Trustees’ Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Bernard Sunley Foundation

13

ANNUAL REPORT

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Report (which incorporates the directors’ report).

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees for the financial statements

As explained more fully in the trustees’ responsibilities statement (set out on page 11), the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We

Bernard Sunley Foundation

14

ANNUAL REPORT

design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the charitable company and the environment in which it operates, we identified that the principal risks of noncompliances with laws and regulations related to the regulatory requirements of the Charity Commission and the Trustee Investments Act 1961, and we considered the extent to which noncompliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Charities Act 2011, Charities SORP (2019), Companies Act 2006 and payroll taxes.

We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to the cut-off of investment income, the recognition of grant commitments and the valuation of investment properties. Audit procedures performed by the engagement team included:

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an Auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Siobhan Holmes (Senior Statutory Auditor) For and on behalf of Haysmacintyre LLP, Statutory Auditors 10 Queen Street Place London EC4R 1AG

Bernard Sunley Foundation

15

ANNUAL REPORT

Charities funded above £5,000

Community
The Park Centre
New community centre
£75,000
Warrington Youth Club
New youth centre
£50,000
All Saints Highertown PCC
New community centre
£40,000
St Paul’s Boxing Academy CIO
Refurbishment project
£30,000
The Wesley Centre (Malton)
New community building
£30,000
Durham Scouts County Council
Revenue support for scoutng actvites
£25,000
Parish of St Nicholas of Tolentno
Refurbishment of community building
£25,000
St Thomas’ Church Lancaster
New community building
£25,000
Ringlestone Community Centre Development Group
New community and church building
£20,000
St Margaret The Queen PCC
Refurbishment and development project
£20,000
Blue Box Belper
New community centre
£15,000
Friends of the Freedom Centre
Renovaton project
£15,000
Godolphin Cross Community Associaton
Refurbishment of the old chapel
£15,000
Hanworth with Gunton memorial hall
Restoraton, renovaton and repair project
£15,000
Heart of Tamworth Community Project
New community café and recreatonal space
£15,000
Hesketh Bank Community Centre
New community centre
£15,000
Kirkleatham PCC
Rebuilding of church and community centre
£15,000
Parish of Porthkerry and Rhoose
New community facility and café
£15,000
St Paul’s PCC
Creaton of new community facilites
£15,000
The Guide Associaton of Buckinghamshire
Refurbishment of Ellesborough campsite
£15,000
The Parish of Christ Church Roath Park Cardif
New community hall
£15,000
The Victoria Hall, Kemerton
Refurbishment and extension of village hall
£15,000
Timperley Amateur Boxing Club
Community gym extension
£15,000
West Bromwich Baptst Church
Renovaton of church roof
£15,000		 18th Darlington (1st Middleton St George) Scout Group
New scout hut
£10,000
1st Castleberg (Setle) Scout Group
Improvements to the scout hut
£10,000
1st Mendlesham Scout Group
New headquarters
£10,000
1st Woton under Edge Scout Group
New headquarters and improved camping facilites
£10,000
Accrington Sea Cadets
Refurbishment of newly purchased headquarters
£10,000
Agape Community Church, Ty Sign
New community hall
£10,000
Balderton Methodist Church
Creaton of a fexible community space
£10,000
Batheaston New Village Hall
New village hall
£10,000
Berkeley Books
New community library
£10,000
Brewham Village Hall Management Commitee
Renovaton works
£10,000
Bridgwater Baptst Church
New community facility
£10,000
Bullion Community Resource Centre
New extension
£10,000
Carlton Parochial Church Council
New extension and community space
£10,000
Child Dynamix
Revenue support
£10,000
Coddington Village Hall
Village hall extension
£10,000
Crusader Community Boatng
Revenue support for core running costs
£10,000
Ditchingham Village Hall
Hall extension
£10,000
Ecclesiastcal Parish of Edgeley and Cheadle Heath
Improved community space and facilites
£10,000
Estuary & Mountain Mission Area St Paul’s Church Gorsedd
New community space
£10,000
Farnham, Aldershot & Fleet Sea Cadet Unit
Roof renewal
£10,000
Fenham Associaton of Residents
Extension of community centre
£10,000
Fernhurst Recreaton Ground Trust
New sports pavilion
£10,000
Friends of St Michael's Church
Church restoraton project
£10,000
Fritenden Memorial Hall Trust
Remodelling and refurbishment project
£10,000
Girlguiding Epsom Division
New camping lodge
£10,000

Bernard Sunley Foundation

16

ANNUAL REPORT

Godmanchester Baptst Church
Refurbishment of large hall
£10,000
Gorefeld Playing Field Associaton
Expansion of hall and pavillion
£10,000
Grundisburgh Village Hall
New village hall
£10,000
Harwood Methodist Church
New church and community centre
£10,000
Highnam Community Centre Trust
Refurbishment of community hall
£10,000
Hinton Martell Village Hall
Refurbishment project
£10,000
Horsley and Bookham Riding for the Disabled Associaton
New disabled riding centre
£10,000
Huish Champfower Village Hall & King George’s Field Trust
Village hall refurbishment
£10,000
Liverton Parochial Church Council
New church and community centre
£10,000
Martn Club Ltd
New club building
£10,000
Neuadd Y Plwyf Llannefydd
Refurbishment of village hall
£10,000
Northamptonshire Associaton of Youth Clubs
Emergency funding appeal
£10,000
Oterhampton Village Hall CIO
Refurbishment of village hall
£10,000
Oxhill Village Hall
Extension and refurbishment project
£10,000
Parochial Church Council for St Peter’s Halliwell
Redevelopment of community space
£10,000
PCC of the Parish of St Wilfrid Grappenhall
Improvement of parking and pedestrian facilites
£10,000
Portshead Methodist Church
Renovaton of community building
£10,000
Shipton Reading Room CIO
Renovaton project
£10,000
Sniterfeld Village Hall Management Commitee
Refurbishment project
£10,000
St Mary-le-Bow
New bell ringing controller system
£10,000
St Mary’s Church, Wyclife
New extension
£10,000
St Michael and St George Fulwell Mission Initatve
Refurbishment of community space
£10,000
St Nicholas Streton Parochial Church Council
New community facility
£10,000
Talisman Theatre Company
Redevelopment project
£10,000
The Alcohol Educaton Trust
New community facility
£10,000		 The Parr Sports & Community Centre
Emergency revenue funding
£10,000
The Turner Hall
Refurbishment of church hall
£10,000
The Walker Lines Gymnasium Trust
Refurbishment and new roof
£10,000
Wecock Community Associaton
Extension project
£10,000
Welton Village Memorial Hall
New extension and refurbishment
£10,000
Westoning Village Hall/Spensley Trust
New single storey extension
£10,000
Fundacion Artesmisan
Revenue support
£9,000
Salmon Youth Centre
Core funding
£5,500
Community total
£1,124,500

Bernard Sunley Foundation

17

ANNUAL REPORT

Education

Health

All Saints Church, Northampton
60th anniversary project: restoraton of church organ
£150,000
Natonal Gallery
Three year funding at £110k per annum
£330,000
King’s School, Canterbury
New science block
£50,000
Natonal Star Foundaton
Creaton of new daycare facilites
£30,000
Step by Step School Ltd
School building development
£25,000
Treloar Trust
New outdoor learning centre
£25,000
Jamie’s Farm
Revenue support for day visit programme
£20,000
Moor House School & College
Therapy and specialist teaching building
£20,000
Refugee Educaton UK
New headquarters and community centre
£20,000
Newbury Spring Festval
Revenue support
£15,000
Second Chance Childrens Charity
New residental and fshing lodge
£15,000
Brockwell Park Community Greenhouses
Renovaton and extension project
£10,000
Country Trust
Revenue support for 'Farms in Boxes' programme
£10,000
Friends of St Luke’s
New mult use games area
£10,000
Greatwood Charity
Revenue support for teaching assistant salary
£10,000
Greenham Trust
Revenue support for 'Laptops for Lockdown' programme
£10,000
I CAN
Sports hall refurbishment
£10,000
Snowfake School for Children with Autsm
Improvements to new school
£10,000
The Forest School
New mult-use games area
£10,000
Waverley Associaton of Special People (WASP)
New play area
£10,000
Royal Opera House
Annual membership
£8,000
Youth Optons
New classroom
£7,000
Perros y Letras
Revenue support
£6,000
Educaton total
£811,000		 Royal Naval Benevolent Trust
New centenary care home
£75,000
Hampshire Hospitals Charity
New hospice for Winchester
£35,000
Horato’s Garden
New garden for the Welsh Spinal Injuries Centre
£30,000
Prior’s Court Foundaton
New health and wellbeing centre
£25,000
Queen Elizabeth’s Foundaton for Disabled People
New care and rehabilitaton centre
£25,000
ellenor
New wellbeing centre
£20,000
St John’s Hospice, London
Upgrade of in-patent unit
£20,000
Willen Hospice
Refurbishment and extension project
£20,000
MAIN – Taking Autsm Personally
Refurbishment of headquarters
£15,000
Alzheimer’s & Dementa Support Services
Revenue support
£10,000
Aspire
Emergency revenue funding
£10,000
Fundacion Emalaikat
Core funding
£10,000
Hope for Tomorrow
Upgrade of mobile care unit
£10,000
Hope for Tomorrow
Emergency revenue funding
£10,000
Isle of Wight Youth Trust
Emergency revenue funding
£10,000
Northumbria Calvert Trust
Special self-catering unit
£10,000
Roundabout (Shefeld)
Refurbishment of group living accommodaton
£10,000
Setle Area Swimming Pool CIO
New health and ftness extension
£10,000
The Big C Appeal Limited
New support and informaton centre
£10,000
Umbrella Derby and Derbyshire
Refurbishment of new centre
£10,000
Fundacion Pequenos Pasos
Core funding
£7,000
Health total
£382,000

Bernard Sunley Foundation

18

ANNUAL REPORT

Social Welfare

Social Welfare
Shackleton Foundaton £30,000
Three year funding at £10k per annum
The Music Works £30,000
New music studio
YMCA Exeter £30,000
Creaton of afordable studio fats
Developing Health & Independence		 £25,000
New treatment centre
New Pathways
Renovaton of new centre
Spring Housing Associaton Limited
New accommodaton, support and employment centre		 £25,000
£25,000
Betel of Britain £20,000
New headquarters
Trinity Winchester £20,000
New accommodaton
Dogs for Good £15,000
Assistance dog partnership
South Tyneside Churches’ Key Project £15,000
Revenue support
Spadework £15,000
Revenue support
Age Concern Hythe and Lyminge £10,000
New extension
Age UK West Sussex, Brighton & Hove £10,000
Upgrading of day centre
Alexandra Rose £10,000
Big Give Christmas Challenge
Blyth Star Enterprises £10,000
Revenue support for the 'Roots to Recovery' programme
Bosence Farm Community Limited £10,000
Emergency revenue funding
Bournemouth War Memorial Homes Ltd £10,000
New communal hall
Caring Together £10,000
Revenue support
City Harvest £10,000
Emergency revenue funding
Crawley Open House £10,000
Training and workshop centre
Dandelion Time £10,000
Renovaton project
Diverse Abilites £10,000
Emergency revenue funding
Lake District Calvert Trust £10,000
Emergency funding 2020
Re-engage
Revenue support for telephone befriending service in the
£10,000
£10,000
East Midlands
Ripon Community Link £10,000
New building and garden
St George’s Crypt, Leeds £10,000
Emergency revenue funding
Stonepillow £10,000
New supported accommodaton
The Dash Charity £10,000
Emergency revenue funding
The John Troter Trust £10,000
New extension to community centre
Thrive £10,000
Revenue support
Wadebridge Foodbank and StoreHouse £10,000
Purchase and refurbishment of new home
Women’s Work Derbyshire Ltd £10,000
Emergency revenue funding
Social Welfare total £460,000

Bernard Sunley Foundation

19

ANNUAL REPORT

Charities funded at £5,000 and less

Community
1st Ewell Court (St Clements) Scout Group
New storage facilites
£5,000
1st Godstone Scout Group
Repair and redecoraton
£5,000
1st Horndea Scout Group
Building development
£5,000
1st South Ascot Scout Group
Renovaton of scout hut
£5,000
3rd Brentwood Scout Group
New minibus
£5,000
Andover Trees United
New accommodaton
£5,000
Barnstondale Centre
Replacement lif
£5,000
Bethshan North East
New community café
£5,000
Bradworthy Parish Memorial Hall
New roof
£5,000
Britsh Cemetery Madrid
Revenue support
£5,000
Bryn Iwan Chapel
New disabled facilites
£5,000
Burton Dasset Village Hall
Renovaton project
£5,000
Castletown Scout Group
Kitchen and bathroom upgrade
£5,000
Centre 63
All weather mult games area
£5,000
Church of the Venerable Bede
Disabled access improvements
£5,000
Clewer Scout and Guide Group
Roof replacement
£5,000
Combe Community Hub
New extension
£5,000
Contact
Refurbishment of bedroom
£5,000
Coventry Boys and Girls Club
Sound proofng and acoustc work
£5,000
Crof with Yarpole and Lucton Parochial Church Council
New heatng system
£5,000
Dean Court Community Associaton
New fencing and solar panels
£5,000
Dorchester and West Dorset District Scout Council
New scout building
£5,000
Easteron Village Hall
Hall modernisaton
£5,000
Efail Isaf Village Hall
General improvements
£5,000		 Emmanuel Group of Churches
Roof repair
£5,000
Exeter Girlguiding
Renovaton of headquarters
£5,000
Eye Playing Fields Associaton
New playground
£5,000
Filwood Playing Fields Trust
New foodlights
£5,000
Fiskerton Village Hall
Roof replacement
£5,000
Fordham Village Hall
Village hall extension
£5,000
Friends of All Saints Church (FoAS)
Creaton of a community space
£5,000
Friends of Jesmond Library
Replacement windows
£5,000
Friends of Victoria Park Stretord
New community centre
£5,000
Glos. East Division Guides
Upgrading of campsite accommodaton
£5,000
Greetham Jubilee Community Centre
Community tennis court refurbishment
£5,000
Groombridge Men’s Shed
New workshop
£5,000
Half Moon Young People’s Theatre
Transformaton and upgrading of facilites
£5,000
Halton Community Associaton
New bathroom facilites
£5,000
Hindmarsh Village Hall
Restoraton project
£5,000
Holme Hale Playing Field Trust
Renewal of heatng, storage and re-laying of car park.
£5,000
Lanivet Parish Sport And Recreatonal Trust
New extension and café
£5,000
Lidgate Village Hall
Refurbishment project
£5,000
Linton Village Hall
Refurbishment Project
£5,000
Llanharan Recreaton Ground Trust
New bathroom
£5,000
Llanwarne and District Village Hall
Refurbishment project
£5,000
Milford Haven Sea Cadet Corps
New kitchen
£5,000
Moseley Park and Pool Trust
Improvements to pathways
£5,000
Netlestone and Seaview Shed
New workshop
£5,000
Occold Recreaton and Amenites Council
Community hall extension
£5,000

Bernard Sunley Foundation

20

ANNUAL REPORT

Older People’s Acton in the Locality
Renovaton of community centre
£5,000
Oldham Borough District Scout Council
Improvements to campsite
£5,000
Opera Prelude
Core funding
£5,000
Orleton Village Hall
New bathrom
£5,000
Pact (Parents and Carers Together)
Refurbment of community swimming pool
£5,000
Parish of Worth, Pound Hill and Maidenbower
Building refurbishment
£5,000
PCC of St Stephen’s (Bowling)
New community centre
£5,000
Reading Repertory Theatre
New community and arts building
£5,000
Regal Theatre
Improvements for community use
£5,000
Royalty Theatre Sunderland
Refurbishment of theatre
£5,000
Saints & Sinners Trust
Core funding
£5,000
Sandleheath Village Hall CIO
New roof and window repairs
£5,000
Slaley Commemoraton Hall
New extension
£5,000
South West Pembrokeshire Local Ministry Area Council
Improvements to village hall
£5,000
St Andrew’s Club
Emergency revenue support
£5,000
St Edburgha’s Church, Yardley
Replacement of church roof
£5,000
St Goran CLT Ltd
New kitchen and bathroom
£5,000
St James Church, Leckhampstead
Window repair
£5,000
St James the Great Church
New storage and bathroom facilites
£5,000
St John’s Church hall
Renovaton of church hall
£5,000
St Mark’s Church Anlaby Common PCC
Refurbishment of hall
£5,000
St. Clement’s Church Suton on Sea
New entrance, bathroom and kitchen
£5,000
Summerhouse Village Hall
New roof
£5,000
The Avenues Youth Project
Refurbishment of music studio
£5,000
The Dolcorsllwyn Hall Associaton
Refurbishment of shower room
£5,000		 The Kings Arms (Petersfeld)
Conversion of building into a youth centre
£5,000
The New Huton Insttute
New heatng and windows
£5,000
The PCC of the Ecclesiastcal Parish of Chester St Pauls
Replacement of windows
£5,000
The Parish of Mill End & Heronsgate with West Hyde
New bathroom
£5,000
Toruwu (Training of Rural Women in Uganda)
Core funding
£5,000
Trent Memorial Hall
New playground
£5,000
Twynyrodyn Community Hub
Emergency revenue support
£5,000
Viney Hill Christan Adventure Centre
Kitchen refurbishment
£5,000
Vineyard Community Centre
New extension
£5,000
Volunteer Centre Dorset
New minivan
£5,000
Wilsford Village Hall
Refurbishment project
£5,000
Winsford Youth and Community Forum Ltd
Building improvements
£5,000
Woodhouse Close Church Community Centre
Mult purpose van
£5,000
Young and Inspired
New minibus
£5,000
Buckland Chapel Trust
New bathroom
£4,500
Lee Brockhurst Village Hall
New foundatons and repair work
£4,500
Church of Good Shepherd
Renovaton and improvements
£4,000
Combe Village Hall and Recreaton Ground
Car park upgrade
£4,000
Now Church
Community kitchen
£4,000
1st Downton Scout Group
Scout hut refurbishment
£3,000
1st. Carlton-in-Lindrick Scout Group
Roofng project
£3,000
93rd Newcastle Scout Group
New campsite facilites
£3,000
Beckford Community Village Hall Ltd
New insulaton
£3,000
Carleen Village Hall
Window repair
£3,000
Cheriton Baptst Church
New heatng system
£3,000

Bernard Sunley Foundation

21

ANNUAL REPORT

Cymau Community Centre
Refurbishment project
£3,000
Easton and Lawrence Hill Neighbourhood Management
New outdoor learning classroom
£3,000
FILEY PCC
Improvements to community centre
£3,000
Fishguard Sea Cadets
New safety boat
£3,000
Ludham Village Hall and Playing Fields
New roof covering
£3,000
Selby District Peter Pan Nursery
New outdoor play and ftness centre
£3,000
South Walsham Village Hall
Purchase of new tractor
£3,000
St James & St Paul PCC
Disabled bathroom and kitchen
£3,000
Ston Easton Village Hall
Refurbishment project
£3,000
The Exodus Project
Improvements to weekend actvity centre
£3,000
St Mary’s Church, Kemp Town
New shower and upgrading of bathroom facilites
£3,000
West Ilsley Recreaton and Social Associaton
New outdoor, all weather cricket nets
£3,000
Wilton’s Music Hall
Core funding
£3,000
Wiston, Clarbeston & Walton East Memorial Hall
New lightng and heatng
£3,000
1st Shifnal (St Andrews) Scout Group
Upgrade of bathroooms
£2,500
Avebury Community Sports and Social Club
New extension
£2,500
Beyond Limits
Extension project
£2,500
Danemead Scout Campsite
New campsite ofce and shop
£2,500
Evangelical Alliance
Core funding
£2,500
Folkestone and Hythe Sea and Royal Marine Cadets
Replacement of lights
£2,500
Hartlepower
Refurbishment of new social enterprise, training and
community building
£2,500
Hety’s
Renovaton of headquarters
£2,500
Horam Village Hall and Recreaton Ground
Purchase and installaton of two outdoor table tennis tables
£2,500
Maidstone Family Church
Bathroom refurbishment
£2,500		 Newbiggin-on-Lune Public Hall
Refurbishment project
£2,500
Newton Ferrers and Noss Mayo Community Hall
New extension
£2,500
Polruan Village Hall
Kitchen refurbishment
£2,500
Puncknowle and Swyre Village Hall
Renovaton and redecoraton
£2,500
Sailability@Whitefriars
Upgrading of pontoon and hoist facilites
£2,500
Southcourt Baptst Church Charitable Trust
Bathroom refurbishment
£2,500
St Andrew’s Heritage Society, Spraton
Glazed outer doors
£2,500
The Marske Centre Ltd
Sports hall roof renewal
£2,500
Thornley Community Space
Renovaton project
£2,500
Universites and Colleges Christan Fellowship
Core funding
£2,500
Yateley Industries for the Disabled
Accommodaton upgrade
£2,500
Youthscape
Security upgrade
£2,500
1st Alsager Scout Group
Parking facilites for disabled
£2,000
Britsh Ladies Assocaton
Core funding
£2,000
Eastrington Village Hall Associaton
Air recycling/cooling system
£2,000
Exelby, Leeming &Newton Village Hall
Refurbishment of bathroom
£2,000
Grindon Church Community Project
New workshop
£2,000
Hoylake Parade Community Centre
Refurbishment works
£2,000
Humberside County Scouts Council
New windows
£2,000
Huntngdon Methodist Church
Improvements to church hall
£2,000
Swings and Smiles
Core funding
£2,000
Winchester Street Reach
Core funding
£2,000
Allegra’s Ambiton
Core funding
£1,000
Britsh Benevolent Fund in Madrid
Core funding
£1,000
Britsh Cemetery Madrid
Core funding
£1,000

Bernard Sunley Foundation

22

ANNUAL REPORT

Charities funded at £5,000 and less

Prince’s Trust
Women Supportng Women’ network		 £1,000 £1,000
St George’s Anglican Church, Madrid £1,000
Church hall improvements
Community total £601,000

Education

Educaton
BeyondAutsm £5,000
New teaching kitchen
Durham Scouts County Council £5,000
Disabled access improvements
Elmwood and Penrose Federaton £5,000
New outdoor classroom
Fosse Way School £5,000
New play areas
Friends of Jack Tizard £5,000
New minibus
Friends of Moor Hey School
New running, walking and cycling track		 £5,000
Lexden Springs Appeal Fund £5,000
Wheelchair accessible minibus
Mount Tamar School £5,000
Outdoor play and learning equipment
New College Worcester
Lif refurbishment		 £5,000
Newport Sea Cadet Corps £5,000
Refurbishment project
Portesbery Partnerships		 £5,000
New play areas
Raedwald Trust		 £5,000
New wood cabin music room
Ride High Limited £5,000
New vehicle
Stubbin Wood School & Nursery
New technology and creatve space		 £5,000
The Clare School £5,000
New sensory room
The Shallowford Trust
New residental accommodaton		 £5,000
Walton Leigh School Parents Staf Associaton £5,000
New play area and sensory garden
Kirklees Theatre Trust (Lawrence Batley Theatre) £4,500
New dedicated learning space
Green Gates Academy £3,500
New outdoor gym
Carymoor Environmental Trust		 £3,000
New classroom
Newbury Spring Festval £3,000 £3,000
Revenue support
Northamptonshire Guide Associaton MacQueen House £3,000
General improvements and new disabled ramp
The Horrabridge Youth Club £3,000
New garden space
Ocean Youth Trust South £2,500
Revenue support for bursaries
Archie Lloyd Charitable Trust		 £2,000
Core funding
Blooming Blossoms Trust £2,000
Sensory garden for children
Royal Opera House £2,000
Core funding
Vana Trust £2,000
New bathroom facilites
Tunnell Trust £1,000
Revenue support
Walsall Foster Carers Associaton £1,000
Annual day trip
EDP (Educatonal Developments Projects) Trust £250
Core funding
Wantage Silver Band £250
Core funding
Educaton total
 £118,000

Health

Health
Basingstoke and Alton Cardiac Rehabilitaton Charity Ltd
Renovaton of centre		 £5,000
David Not Foundaton £5,000
Core funding
DEMAND Design and Manufacture for Disability £5,000
New tools and equipment
Keighley Healthy Living Network £5,000
Building refurbishment
Kent Associaton for the Blind £5,000
New mobile sight centre
Lambourne End Centre £5,000
Refurbishment of swimming pool
MediCinema £5,000
Emergency revenue funding
Shafesbury & District Carers Associaton £5,000
New minibus
Starlight Children's Foundaton
Revenue support for 'Distracton Boxes' project		 £5,000
The Health Bus Trust £5,000
Core running costs

Bernard Sunley Foundation

23

ANNUAL REPORT

The Health Bus Trust
New mobile health unit
£5,000
The Southmead Project
Revenue support for specialist counselling service
£5,000
The Women's Centre, Suton
Extension to existng property
£5,000
Cure Internatonal
Revenue support
£4,000
Multple Sclerosis Society
Revenue support
£3,000
BEAT
Core funding
£2,500
ICUsteps
Core funding
£1,000
MIND – Natonal Associaton for Mental Health
Core funding
£1,000
Salisbury Hospicecare Trust Ltd
Core funding
£1,000
Health total
£77,500
Social Welfare
Britsh Disabled Angling Associaton
New disabled access platorms
£5,000
Cardif Women's Aid
Refurbishment and modernisaton of centre
£5,000
Greenfngers Charity
Discovery garden
£5,000
Jimmy’s Cambridge
New van
£5,000
Mill End Baptst Church
New bathroom facilites
£5,000
Open Door Exmouth
Renovaton project
£5,000
QE2 Actvity Centre
Wheelchair accessible motorboat
£5,000
Renewal Northwest
Community café for employment opportunites
£5,000
Scropton Riding for the Disabled Centre
Bathroom refurbishment
£5,000
Send a Cow
Core funding
£5,000
Side by Side Theatre Company
Refurbishment of Sidespace centre
£5,000

 The Charity of Elizabeth Jane Jones
Boiler replacement
£5,000
The Estuary League of Friends
Emergency revenue support
£5,000
The Silver Line
Revenue support for helpline service
£5,000
The Trust of Ellen's Cotages
New windows and doors
£5,000
Totnes Caring Ltd
New minibus
£5,000
Trinity Winchester
Emergency revenue support
£5,000
Trussell Trust
Core funding
£5,000
We Are Beams
New minibus
£5,000
Norfolk and Norwich SEND Associaton
New kitchen and refurbishment work
£3,500
Asociacion Integral de Rescate en Emergencias
Core funding
£3,000
Crisis UK
Core funding
£3,000
Croydon Foodbank
New vehicle for food collecton and delivery
£3,000
Britsh Disabled Angling Associaton
New disabled access platorms
£5,000
Friends of Holcot
Improvements to holiday centre
£3,000
Cardif Women's Aid
Refurbishment and modernisaton of centre
£5,000
Fundacion Masnatur
Core funding
£3,000
Greenfngers Charity
Discovery garden
£5,000
Sandhurst Day Centre Associaton
Refurbishment project
£3,000
Jimmy’s Cambridge
New van
£5,000
The Principle Trust Children's Charity
Revenue support
£3,000
Mill End Baptst Church
New bathroom facilites
£5,000
Veterinary Benevolent Fund
General improvements to almshouses
£3,000
Open Door Exmouth
Renovaton project
£5,000
Brickfeld Rangers
Club house refurbishment
£2,500
QE2 Actvity Centre
Wheelchair accessible motorboat
£5,000
Mission Direct
Core funding
£2,500
Renewal Northwest
Community café for employment opportunites
£5,000
Victoria Insttute (known as Cliviger Village Hall)
Replacement of roof tles
£2,500
Scropton Riding for the Disabled Centre
Bathroom refurbishment
£5,000
Barons Court Project
Core funding
£2,000
Send a Cow
Core funding
£5,000
Salvaton Army
Christmas Appeal
£1,000
Side by Side Theatre Company
Refurbishment of Sidespace centre
£5,000
Social welfare total
£143,000

Support Through Court
Core funding
£5,000
Tearfund
Core funding
£5,000
Social Welfare
Britsh Disabled Angling Associaton
New disabled access platorms
Cardif Women's Aid
Refurbishment and modernisaton of centre
Greenfngers Charity
Discovery garden		 £5,000
£5,000
£5,000
Jimmy’s Cambridge £5,000
New van
Mill End Baptst Church
New bathroom facilites
Open Door Exmouth
Renovaton project		 £5,000
£5,000
QE2 Actvity Centre £5,000
Wheelchair accessible motorboat
Renewal Northwest £5,000
Community café for employment opportunites
Scropton Riding for the Disabled Centre		 £5,000
Bathroom refurbishment
Send a Cow £5,000
Core funding
Side by Side Theatre Company £5,000
Refurbishment of Sidespace centre
Support Through Court £5,000
Core funding
Tearfund £5,000
Core funding

Bernard Sunley Foundation

24

ANNUAL REPORT

Grant payments made

Adventure Plus
£100,000
Northampton Academy
£100,000
The Park Centre
£75,000
All Saints Church, Northampton
£68,000
Berkshire Youth
£50,000
Mercury Theatre
£50,000
Royal Britsh Legion Industries
£50,000
Sheerness Dockyard Preservaton Trust
£50,000
Kids In Acton
£40,000
Park Life Heavitree
£40,000
Hampshire Hospitals Charity
£35,000
Variety, the children's charity
£31,000
Catcote Academy (part of Hartlepool Aspire Trust)
£30,000
Emmanuel Church Woodley
£30,000
Natonal Star Foundaton
£30,000
St James Church, Leckhampstead
£30,000
St Paul's Boxing Academy CIO
£30,000
The Courtyard Trust
£30,000
The Music Works
£30,000
The Royal Natonal College for the Blind
£30,000
The Shallowford Trust
£30,000
YMCA Norfolk
£30,000
Age Concern (Herne Bay)
£25,000
Emmanuel Church, Eastbourne
£25,000
Fifh Trust
£25,000
Frenford Youth Club
£25,000
Prior's Court Foundaton
£25,000
St George's Anglican Church, Madrid
£25,000
St Thomas' Church Lancaster
£25,000
Step by Step School Ltd
£25,000
Sussex Wildlife Trust
£25,000
The Goed Life Ltd
£25,000
The High Street Centre
£25,000
The Lewis-Manning Trust
£25,000
The Nehemiah Project
£25,000
The Parochial Church Council of The Ecclesiastcal Parish
of St Philip and St James, Leckh-ampton with the Church in
Warden Hill
£25,000
Air Ambulance Service
£20,000
Betel of Britain
£20,000
Community Sports Foundaton
£20,000
Jamie's Farm
£20,000		 Petersham and Ham Sea Scout Group
£20,000
Polka Theatre
£20,000
Reading Repertory Theatre
£20,000
St Francis Monks Hill
£20,000
St Margaret The Queen PCC
£20,000
Stockdales of Sale, Altrincham and District
£20,000
Sulgrave Club Limited
£20,000
Trinity Winchester
£20,000
Universidad de Navarra
£20,000
Age UK Exeter
£15,000
Age UK Leicester Shire and Rutland
£15,000
All Saints Church, Northampton
£15,000
Book Aid Internatonal
£15,000
Country Trust
£15,000
Firvale Community Hub
£15,000
Girlguiding Bristol and South Gloucestershire
£15,000
Heart of Tamworth Community Project
£15,000
Hesketh Bank Community Centre
£15,000
Kirkleatham PCC
£15,000
MAIN - Taking Autsm Personally
£15,000
Parish of Porthkerry and Rhoose
£15,000
Spadework
£15,000
Syke Methodist Church
£15,000
The Victoria Hall, Kemerton
£15,000
West Bromwich Baptst Church
£15,000
White Ensign Associaton
£15,000
1st Fressingfeld Scout Group
£10,000
1st Weaverham Sea Scout Group
£10,000
4th Farnham (Tongham) Scout Group
£10,000
9th Heywood (St. Michael's) Scout Group
£10,000
Addenbrooke's Charitable Trust
£10,000
Age Concern Hythe and Lyminge
£10,000
Aighton Bailey & Chaigley Memorial Hall
£10,000
Alexandra Rose
£10,000
Ashwelll Village Hall Rutland CIO
£10,000
Aspire
£10,000
Batheaston New Village Hall
£10,000
Birkdale Community Hub and Library
£10,000
Bishops Hull Hub Ltd
£10,000
Blyth Star Enterprises
£10,000
Bosence Farm Community Limited
£10,000

Bernard Sunley Foundation

25

ANNUAL REPORT

Brockley Community Council Village Hall Charity
£10,000
Bullion Community Resource Centre
£10,000
City Harvest
£10,000
Country Trust
£10,000
Crookham Village Hall
£10,000
Crusader Community Boatng
£10,000
Dandelion Time
£10,000
Diverse Abilites
£10,000
Douai Abbey Trust
£10,000
Edstaston Village Hall
£10,000
Embrace the Middle East
£10,000
Friends of St Michael's Church
£10,000
Friends of Victoria Park Stretord
£10,000
Good Shepherd Services
£10,000
Goodwood Educaton Trust
£10,000
Gorefeld Playing Field Associaton
£10,000
Greatwood Charity
£10,000
Greenham Trust
£10,000
Harington
£10,000
Harwood Methodist Church
£10,000
Heel & Toe
£10,000
Hope for Tomorrow
£10,000
Hope for Tomorrow
£10,000
Inkpen Memorial Playing Field Trust
£10,000
Isle of Wight Youth Trust
£10,000
John Clements Sports and Community Trust
£10,000
Lake District Calvert Trust
£10,000
Monk Sherborne Village Hall
£10,000
Newbury Spring Festval
£10,000
Northamptonshire Associaton of Youth Clubs
£10,000
Oakfeld (Easton Maudit) Ltd
£10,000
Oakhanger Village Hall
£10,000
Ridgewell Village Hall
£10,000
Riding for the Disabled Group Abingdon
£10,000
Riverside Community Health Project
£10,000
Roundabout (Shefeld)
£10,000
Shackleton Foundaton
£10,000
Sir Everard Duncombe for Parish Hall
£10,000
Snowfake School for Children with Autsm
£10,000
St Andrews Methodist Church
£10,000
St George's Crypt, Leeds
£10,000
St Nicholas Streton Parochial Church Council
£10,000		 St Paul's Widnes Parish Church
£10,000
Stanley Grange Community Associaton
£10,000
The 25th Leicester (Queniborough) Scout Group
£10,000
The Alcohol Educaton Trust
£10,000
The Borrowdale Insttute
£10,000
The Hargreaves Narrowboat Trust
£10,000
The Icknield Trust
£10,000
The Parr Sports & Community Centre
£10,000
Umbrella Derby and Derbyshire
£10,000
University Hospitals Birmingham Charity
£10,000
Welton Village Memorial Hall
£10,000
Westoning Village Hall/Spensley Trust
£10,000
Women's Work Derbyshire Ltd
£10,000
YMCA East Surrey
£10,000
Royal Opera House
£8,000
Countryside Learning
£7,000
Fundacion Pequenos Pasos
£7,000
Youth Optons
£7,000
Salmon Youth Centre
£5,500
1st Ewell Court (St Clements) Scout Group
£5,000
1st Horndea Scout Group
£5,000
1st Knutsford Scouts
£5,000
1st South Ascot Scout Group
£5,000
224 (Hexham) Squadron, Air Training Corps
£5,000
2nd Brewood Scout Group
£5,000
2nd Herrington Scout Group
£5,000
3rd Brentwood Scout Group
£5,000
Admaston House
£5,000
Baildon Methodist Church
£5,000
Barnstondale Centre
£5,000
Barton Village Insttute
£5,000
Bathford Parish Hall
£5,000
Bedford Guild House
£5,000
Bethshan North East
£5,000
Bosley St. Mary's Parochial Church Council
£5,000
Bridewell Organic Gardens
£5,000
Britsh Cemetery Madrid
£5,000
Britsh Disabled Water Ski and Wakeboard Associaton
£5,000
Bubwith Leisure and Sports Centre
£5,000
Burton Dasset Village Hall
£5,000
Burton Hastngs Parochial Church Council
£5,000
Buzzer Buses (Dial-A-Ride) Ltd
£5,000

Bernard Sunley Foundation

26

ANNUAL REPORT

Cemetery Road Baptst Church
£5,000
Centre 63
£5,000
Chevington, Chedburgh, Depden & Rede Community
Council
£5,000
Chooselife UK
£5,000
Church of the Venerable Bede
£5,000
Combe Community Hub
£5,000
Constantne Enterprises Company
£5,000
Country Trust
£5,000
Countryside Restoraton Trust
£5,000
Coventry Boys and Girls Club
£5,000
darts - Doncaster Community Arts
£5,000
Daventry Contact, Northants
£5,000
Deal Music and Arts Limited
£5,000
Denby Parochial Church Council
£5,000
Dingley's Promise
£5,000
Dorridge Methodist Church
£5,000
Easteron Village Hall
£5,000
Exeter Girlguiding
£5,000
Friends of Herons Dale Primary School
£5,000
Friends of Manor Mead School
£5,000
Friends of Moor Hey School
£5,000
Friends of Victoria Park Stretord
£5,000
Greetham Jubilee Community Centre
£5,000
Halton Community Associaton
£5,000
Hazlerigg And District War Memorial Community Centre
And Playing Field
£5,000
Hereford Sea Cadets
£5,000
Hindmarsh Village Hall
£5,000
Homeless Oxfordshire
£5,000
Hougham Village Hall Trust CIO
£5,000
Jimmy?s Cambridge
£5,000
Keighley Healthy Living Network
£5,000
Kent Associaton for the Blind
£5,000
Lidgate Village Hall
£5,000
Linton Village Hall
£5,000
Litleworth Community Associaton
£5,000
Magdalen Environmental Trust
£5,000
MediCinema
£5,000
MediCinema
£5,000
Menheniot Old School Trust
£5,000
Middleton Popstars Academy
£5,000
Mill End Baptst Church
£5,000		 Murray Parish Trust
£5,000
Netlestone and Seaview Shed
£5,000
Newent Associaton for the Disabled
£5,000
Newport Sea Cadet Corps
£5,000
North Norfolk Community Transport
£5,000
Occold Recreaton and Amenites Council
£5,000
Of The Fence Trust
£5,000
Older People's Acton in the Locality
£5,000
Open Door Exmouth
£5,000
Orleton Village Hall
£5,000
Parish of Worth, Pound Hill and Maidenbower
£5,000
Parochial Church Council of Woolhampton
£5,000
Pennard Parish Hall
£5,000
Pimlico Opera
£5,000
Poto Village Hall Management Commitee
£5,000
Reading Repertory Theatre
£5,000
Regal Theatre
£5,000
Ride High Limited
£5,000
Royal Agricultural Benevolent Insttuton
£5,000
Royalty Theatre Sunderland
£5,000
Saints & Sinners Trust
£5,000
Sandleheath Village Hall CIO
£5,000
Schoolreaders
£5,000
Sedbergh People's Hall
£5,000
Sefon North District Scout Council
£5,000
Send a Cow
£5,000
Shefeld Mencap and Gateway
£5,000
Side by Side Theatre Company
£5,000
Solihull Canoe Club
£5,000
St Andrew's Club
£5,000
St Goran CLT Ltd.
£5,000
St James Church, Leckhampstead
£5,000
St James the Great Church
£5,000
St John's Church hall
£5,000
St Luke's Hospice Plymouth
£5,000
Starlight Children's Foundaton
£5,000
Stockwell Park Estate Community Trust
£5,000
Studham Kensworth & Whipsnade Scout Group
£5,000
Summerhouse Village Hall
£5,000
Support Through Court
£5,000
Tabor Centre
£5,000
Tearfund
£5,000

Bernard Sunley Foundation

27

ANNUAL REPORT

The Cavalier Centre
£5,000
The Estuary League of Friends
£5,000
The Friends of Cricklewood Library
£5,000
The Health Bus Trust
£5,000
The Literacy Pirates Ltd
£5,000
The Matrix Trust
£5,000
The PCC of the Ecclesiastcal Parish of Chester St Pauls
£5,000
The Shallowford Trust
£5,000
The Silver Line
£5,000
The Southmead Project
£5,000
The Speedwell Club
£5,000
The Tarporley and District Community Centre and
Recreaton Ground Charity
£5,000
The Women's Centre, Suton
£5,000
The Wyvern School Foundaton Trust
£5,000
Toruwu (Training of Rural Women in Uganda)
£5,000
Trawden Forest Community Centre
£5,000
Trinity Winchester
£5,000
Trussell Trust
£5,000
Twynyrodyn Community Hub
£5,000
Upper Weardale Town Hall Charity
£5,000
Vineyard Community Centre
£5,000
Walton Leigh School Parents Staf Associaton
£5,000
Waverley Associaton of Special People (WASP)
£5,000
Yarpole Village Hall
£5,000
Yorkshire Wildlife Trust
£5,000
Young and Inspired
£5,000
Buckland Chapel Trust
£4,500
Cure Internatonal
£4,000
Dallow Development Trust Ltd
£4,000
Surrey Wildlife Trust
£4,000
Green Gates Academy
£3,500
Manchester Secondary PRU
£3,500
Norfolk and Norwich SEND Associaton
£3,500
1st Downton Scout Group
£3,000
1st. Carlton-in-Lindrick Scout Group
£3,000
93rd Newcastle Scout Group
£3,000
Aldenham War Memorial Hall
£3,000
Asociacion Integral de Rescate en Emergencias
£3,000
Beckford Community Village Hall Ltd
£3,000
Britsh Ladies Assocaton
£3,000
CALM
£3,000		 Changarawe Project
£3,000
Cleasby & Stapleton Village Hall
£3,000
Crisis UK
£3,000
Croydon Foodbank
£3,000
Dennis Marsh House, Salisbury & South Wilts Scouts
£3,000
Easton and Lawrence Hill Neighbourhood Management
£3,000
FILEY PCC
£3,000
Friends of Holcot
£3,000
Fundacion Masnatur
£3,000
Goathland Community Hub & Sports Pavilion C.I.O
£3,000
Good News Family Care (Homes) Limited
£3,000
Hedworthfeld Community Associaton
£3,000
Kintbury Coronaton Village Hall
£3,000
Llangadog Community Centre
£3,000
Manchester City Galleries Trust
£3,000
Multple Sclerosis Society
£3,000
Northamptonshire Guide Associaton MacQueen House
£3,000
Oarsome Chance Foundaton
£3,000
Parent/Friend Associaton of Corbets Tey School
Upminster
£3,000
Perros y Letras
£3,000
Perros y Letras
£3,000
ROC Solid
£3,000
Sandhurst Day Centre Associaton
£3,000
South Walsham Village Hall
£3,000
St James & St Paul PCC
£3,000
Ston Easton Village Hall
£3,000
The Exodus Project
£3,000
The Parochial Church Council of the Ecclesiastcal Parish
of Drypool
£3,000
The Parochial Church Council Of The Ecclesiastcal Parish
Of Kemp Town: Saint Mary
£3,000
The Principle Trust Children's Charity
£3,000
Veterinary Benevolent Fund
£3,000
Women's Work Derbyshire Ltd
£3,000
1st Shifnal (St Andrews) Scout Group
£2,500
Avebury Community Sports and Social Club
£2,500
Beyond Limits
£2,500
Brickfeld Rangers
£2,500
Danemead Scout Campsite
£2,500
Evangelical Alliance
£2,500
Folkestone and Hythe Sea and Royal Marine Cadets
£2,500

Bernard Sunley Foundation

28

ANNUAL REPORT

Hartlepower
£2,500
Hety's
£2,500
Horam Village Hall and Recreaton Ground
£2,500
Mission Direct
£2,500
Newbiggin-on-Lune Public Hall
£2,500
Newton Ferrers and Noss Mayo Community Hall
£2,500
Ocean Youth Trust South
£2,500
Sailability@Whitefriars
£2,500
The Marske Centre Ltd
£2,500
Thornley Community Space
£2,500
Universites and Colleges Christan Fellowship
£2,500
Yateley Industries for the Disabled
£2,500
Ashley Memorial Hall
£2,400
10th Wyre Forest Scout Group (Cookley)
£2,000
1st Lyminge Scout Group
£2,000
7th Batley St Andrews Scout Group
£2,000
Blooming Blossoms Trust
£2,000
Britsh Ladies Assocaton
£2,000
Exelby, Leeming &Newton Village Hall
£2,000
Hoylake Parade Community Centre
£2,000
Humberside County Scouts Council
£2,000
Huntngdon Methodist Church
£2,000
Patshall Parish Hall Associaton
£2,000
Penhaligon's Friends
£2,000
Royal Opera House
£2,000
South Muskham and Litle Carlton Village Hall
£2,000
The Village Hall at Heage
£2,000
Vana Trust
£2,000
ABandOfBrothers
£1,000
Allegra's Ambiton
£1,000
Archie Lloyd Charitable Trust
£1,000
Britsh Benevolent Fund in Madrid
£1,000
Britsh Cemetery Madrid
£1,000
ICUsteps
£1,000
Prince's Trust
£1,000
Salisbury Hospicecare Trust Ltd
£1,000
Salvaton Army
£1,000
St George's Anglican Church, Madrid
£1,000
St James Church, Leckhampstead
£1,000
The Polar Academy
£1,000
THOMAS (Those on the Margins of a Society)
£1,000		 Tunnell Trust
£1,000
Walsall Foster Carers Associaton
£1,000
Watermill Theatre
£1,000
Christ Church Winchester
£500
Church of the Blessed Mary
£500
Watsan Uganda : UK Support
£500
EDP (Educatonal Developments Projects) Trust
£250
Total
£3,503,150

Bernard Sunley Foundation

29

FINANCIAL STATEMENTS

Statement of Financial Activities

Incorporating an income and expenditure account Year ended 31st March 2021

Notes UNRESTRICTED FUNDS
2021
2020
£’000
£’000
Income from:
Investments
(a)
Total income		 2,642
2,978
2,642
2,978
Expenditure on:
Raising funds
(c)
Charitable actvites
(b)
Total expenditure		 796
727
3,702
3,299
4,498
4,026
Net expenditure before investments
Net gains/(losses) on investments
(f)
Net income/(expenditure) and net movement in funds in year
Funds Brought Forward at Start of Year
Funds Carried Forward at End of Year		 (1,856)
(1,048)
30,518
(3,625)
28,662
(4,673)
118,176
122,849
146,838
118,176

All the above results are derived from continuing activities. There are no recognised gains or losses other than those stated above. The notes on pages 35–40 form part of these financial statements.

Bernard Sunley Foundation

30

FINANCIAL STATEMENTS

Balance Sheet

At 31st March 2021

At 31st March 2021
Notes 2021
2020
£’000
£’000
Fixed assets
Investments
Stocks, shares, property funds at market value
(g)
Freehold propertes
(h)
Other fxed assets
Equipment, Fixtures and Fitngs
(h)		 146,464
118,007
3,300
3,300
149,764
121,307
—
2
149,764
121,309
Net current assets
Debtors and prepayments
(i)
Bank balances
Less: Creditors and accruals
(j)		 633
614
248
171
881
785
(3,577)
(3,896)
(2,696)
(3,111)
Long term liabilites
Grant payments beyond one year		 (230)
(22)
Total Net Assets
Represented by:-
The funds of the charity
Unrestricted Funds
(l)		 146,838
118,176
146,838
118,176

The notes on pages 35–40 form part of these financial statements. The Financial Statements were approved and authorised for issue by the Board of Trustees on 17th November 2021 and were signed below on its behalf by:

Anabel Knight Chairman 17th November 2021

Bernard Sunley Foundation

31

FINANCIAL STATEMENTS

Cash Flow Statement

Year ended 31st March 2021

Notes 2021
2020
£’000
£’000
Net cash outlow from operatng actvites
(n)		 (1,984)
(2,036)
Capital expenditure and fnancial investment
Purchase of investments
Proceeds from sale of investments		 (48,939)
(16,900)
51,000
18,334
2,060
1,434
Decrease in cash
(o)
Bank balance brought forward
Closing bank balance		 77
(602)
171
773
248
171

Bernard Sunley Foundation

32

FINANCIAL STATEMENTS

Accounting Policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

Statement of compliance

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice for Charities (SORP 2015) (Second Edition, effective 1 January 2019) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2016) and the Companies Act 2006.

Bernard Sunley Foundation meets the definition of a public benefit entity under FRS 102.

The charity is a private company limited by guarantee, incorporated in England and Wales (company number: 05407187) and a charity registered in England and Wales (charity number: 1109099). The charity’s registered address is 20 Berkeley Square, London W1J 6LH.

Preparation of accounts on a going concern basis The Trustees consider there are no material uncertainties about the charity’s ability to continue as a going concern. The review of our financial position, reserves levels and future plans gives Trustees confidence the charity remains a going concern for the foreseeable future.

Funds structure

Unrestricted income funds comprise those funds which the Trustees are free to use for any purpose in furtherance of the charitable objects.

Income Recognition

All income is recognised once the charity has entitlement to income, it is probable that income will be received and the amount of income receivable can be measured reliably. Investment income is recognised on a receivable basis once the amounts can be measured reliably.

Expenditure Recognition

Expenditure is recognised in the period in which they are incurred. Expenditure includes attributable VAT which cannot be recovered.

Expenditure consists of grants, support costs and governance costs, which are allocated to areas of activity in line with the level of direct costs for each area of activity.

Expenditure on raising funds relates to the costs of managing the investment portfolio.

Single or multi-year grants are accounted for when either the recipient has a reasonable expectation that they will receive a grant or the Trustees have agreed to pay the grant without condition.

Allocation of support and governance costs and charitable activities

Support costs are allocated to either charitable activities, when applied in order to meet its charitable objectives or to governance costs when costs are incurred in relation to the constitutional and statutory requirements of the Foundation. Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to statutory audit and professional fees.

Bernard Sunley Foundation

33

FINANCIAL STATEMENTS

Investments

Investments are a form of basic financial instruments and are initially shown in the financial statements at market value. Movements in the market values of investments are shown as unrealised gains and losses in the Statement of Financial Activities.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

Freehold Investment properties are valued every five years by an independent professional valuer and reported at open market price.

Profits and losses on the realisation of investments are shown as realised gains and losses in the Statement of Financial Activities. Realised gains and losses on investments are calculated between sales proceeds and their opening carrying values or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities.

Employee short term benefits

Short term benefits including holiday pay are recognised as an expense in the period in which the service is received.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount.

Fixed assets

Fixed assets are stated at cost or deemed cost (donated valuation at estimated fair value) less accumulated depreciation and impairment losses. Assets costing more than £1,000 are capitalised.

Depreciation is calculated to write off the costs of the fixed asset in equal instalments and equal amounts. Computer equipment would be written off in three years and furniture and all other fittings and equipment would be written off in four years.

Estimates and judgements

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on management’s best knowledge of the amount, events or actions, actual results ultimately may differ from those estimates. The Trustees consider that there are no areas of judgement and estimation that have a significant effect on the financial statements.

Bernard Sunley Foundation

34

FINANCIAL STATEMENTS

Notes to Financial Statements

2021
2020
a) Income from investments
Listed equites
Listed pooled funds
Listed property funds
Private Equity
Bank interest
Rental income on freehold propertes		 £’000
£’000
915
1,082
1,315
1,384
391
488
–
2
–
1
21
21
2,642
2,978
b) Analysis of expenditure
Grants approved
Grants approved but cancelled in year
Grants cancelled from previous years
Grants repaid
Charitable actvites support costs (note c)
Grant commitments at 31st March 2020
Grants approved
Less: Grants cancelled
Less: Grant payments
Grant commitments at 31st March 2021		 3,717
3,563
–
(15)
(308)
(578)
–
(5)
3,409
2,965
293
334
3,702
3,299
3,875
4,321
3,717
3,563
(308)
(593)
(3,503)
(3,416)
3,781
3,875

Details of all grants approved above £5,000 are detailed on pages 17–19. All grants approved of £5,000 and less are listed on pages 20–24.

Bernard Sunley Foundation

35

FINANCIAL STATEMENTS

c)
Analysis of expenditure 2021
Expenditure on:
Investment management cost
Trustee expenses
Audit fee
Legal and professional
Stafng costs
Ofce and premises costs
Total
Analysis of expenditure 2020
Investment management cost
Trustee expenses
Audit fee
Legal and professional
Stafng costs
Ofce and premises costs
Total		 Raising
funds
Charitable
Actvites
Governance
Costs
Total
2021
£’000
£’000
£’000
£’000
796
–
–
796
–
–
2
2
–
–
11
11
–
–
–
–
–
240
–
240
–
40
–
40
796
280
13
1,089
727
–
–
727
–
–
20
20
–
–
10
10
–
–
5
5
–
246
–
246
–
53
–
53
727
299
35
1,061

d) Trustees’ Expenses And Remuneration

£980 was reimbursed in travel expenses to 2 Trustees (2020: £13,663 to 6 Trustees). The Trustees received no remuneration during the year (2020: £nil).


received no remuneraton during the year (2020: £nil).
e)
Staf Costs And Numbers
Average number of employees in the year was 3 (2020: 4)
Salaries
Pensions
Social security costs		 2021
2020
£’000
£’000
198
189
20
22
20
31
238
242

One employee was in receipt of an annual salary between £80,001 and £90,000 (2020:1 between £80,001 and £90,000). All three members of staff are considered to be key management personnel and the total remuneration is as stated above.

Bernard Sunley Foundation

36

FINANCIAL STATEMENTS

f) Gains/(Losses) On Fixed Assets
Realised
– Listed equites
– Listed pooled funds
– Listed property funds
– Private equity
Unrealised
– Listed equites
– Listed pooled funds
– Listed property funds
– Private equity
– Freehold propertes		 2,737
415
2,038
84
23
187
90
49
15,449
(3,068)
10,215
(1,173)
(7)
39
(27)
73
30,518
(3,394)
–
(231)
30,518
(3,625)
g) Fixed Assets – Investments
(Stocks, Shares, Property fund units and cash awaitng investment)
Market value at 31st March 2020
Additons at cost
Disposals at opening market value
Net investment gain/(loss)
Market value at 31st March 2021
Book cost at 31st March 2021
Analysis of Market Value at 31st March 2021
Investments listed on recognised stock exchange – United Kingdom
– Listed equites
– Listed pooled funds
– Listed property Funds
Private equity
Cash awaitng investment		 118,007
122,835
48,939
16,900
(51,000)
(18,334)
30,518
(3,394)
146,464
118,007
110,605
105,346
72,772
51,999
60,714
54,821
12,239
9,956
87
144
652
1,087
146,464
118,007

At the end of the year the Foundation had invested £3,499,497 with the Barwood Regional Property Growth Fund IV and committed a further £1,500,503.

Bernard Sunley Foundation

37

FINANCIAL STATEMENTS

Equipment,
Fixture &
Fitngs
Total
£’000
£’000
h)
Fixed Assets – Other
Cost or valuaton
Disposals
Depreciaton
At 1st April 2020
Charge for the year
Write back on disposals
At 31st March 2021
Net book value – 31st March 2021
Net book value –31st March 2020
Investment Propertes
Valuaton
The freehold propertes were valued by the Trustees at £3,300,000
based on open market value price on advice from Symington Elvery.		 6
6
(6)
(6)
4
4
2
2
(6)
(6)
–
–
–
–
2
2
2021
2020
£’000
£’000
3,300
3,300
i)
Debtors And Prepayments
Due within one year
Debtors and prepayments		 633
614
633
614
j)
Creditors And Accruals
Due within one year
Investment management fees
Approved grants
Other creditors and accruals
Grants payable between one and four years		 7
12
3,551
3,853
19
31
3,577
3,896
230
22

k) Taxation

The Foundation is a registered charity and therefore is not liable to income tax or corporation tax on income derived from its charitable activities, as it falls within the exemptions available to registered charities.

Bernard Sunley Foundation

38

FINANCIAL STATEMENTS

l) Reserves

The Reserves of the Foundation are all Unrestricted Funds.

Unrestricted Funds
Designated Funds
Capital Fund
General Fund		 31.3.20
Increase in
Reserves
31.3.21
£’000
£’000
£’000
121,309
28,455
149,764
(3,133)
207
(2,926)
118,176
28,662
146,838

The Capital Fund is designated to be of a value equal to the fixed assets. The General Fund is equal to the balance of the reserves.

m) Related Party Transactions

The Foundation is paid £40,000 to manage Sunley Orford Retirement Homes Ltd (SORH). The sum was outstanding at 31st March. Dr Brian W Martin is a Trustee of SORH. The Foundation is the residual beneficiary of this charity.

Dr Brian W Martin, Trustee is a member of the Fund’s Advisory Panel of the Barwood Regional Property Growth Fund IV with whom the charity has £3,499,497 invested with a further £1,500,503 committed.

Mr Richard Tice, an investment advisor to the Foundation is a member of the Fund’s Advisory Panel of the Barwood 2017 fund with whom the charity has £1,000,000 invested.

Of the grants approved or paid by the Foundation, the following were made to charities where Trustees or members of their immediate family are Trustees or have some connection:-

£
Mr Inigo Paternina
Britsh Cemetery Madrid 6,000
Mr William Tice
Winchester Street Reach 2,000
Allegra’s Ambiton 1,000
Mrs Bella Sunley
Britsh Benevolent Fund Madrid 1,000

Bernard Sunley Foundation

39

FINANCIAL STATEMENTS

n) Cash Flow

Reconciliation of net income (expenditure) to net cash inflow from operating activities

Net income (expenditure) for the year
Depreciaton
Increase in debtors
Decrease in short term creditors (excluding grants)
Decrease in short term creditors - grants
Increase in long term creditors - grants
Gains/(losses) on investments
Net cash outlow from operatng actvites		 2021
2020
£’000
£’000
28,662
(4,673)
2
2
(19)
(519)
(17)
(25)
(302)
(398)
208
(48)
(30,518)
3,625
(1,984)
(2,036)
o)
Analysis of Changes in Net Funds
Cash at bank		 Cash infow
at 31.03.21
£’ 000
£’ 000
77
248
at 01.04.20
£’ 000
171

The charity does not hold any debt, therefore the net debt note has not been included.

Bernard Sunley Foundation

40

FINANCIAL STATEMENTS Bemard Sunky Foundatitsn 41