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2022-03-31-accounts

Annual Report and Financial Statements

For the year ending 31st March 2022

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

Fundsmith LLP 33 Cavendish Square Marylebone London W1G 0PW

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

Mayfair Capital Investment FF&P Private Equity Limited Management Limited 8 Sackville Street (until June 2021) London W1S 3EZ 55 Wells Street London W1T 3PT

Bernard Sunley Foundation

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ANNUAL REPORT

Contents

Annual Report

Financial Statements

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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 mainly comprises 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.

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.

Governance

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 Governance Code and with the provisions of the Charities Act 2011. Grants are awarded to registered charities, charities with officially recognised charitable status or charities with exempt or excepted status which themselves meet the public benefit requirement.

Bernard Sunley Foundation

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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 around £4 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 of 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 £5000. Trustees have a strong preference for capital projects as opposed to running costs.

This year, the Foundation awarded a revenue grant of £50,000 to British-Ukrainian Aid to support their relief efforts in delivering medicine, medical aid and vehicles to Ukraine.

Activities

The Foundation offers three levels of grants. These are large grants of £20,000 and above; medium grants of up to £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.

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ANNUAL REPORT

Achievements

and Performance

The Foundation has now awarded nearly £128 million in grants since it was established in 1960. This year the Foundation made 367 grants totalling £4.282 million.

This is an increase of 15% on the previous year which awarded £3.717 million in grants.

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.

----- Start of picture text -----
This year, these categories Social Welfare
were each awarded: £545,500
Community
£2,116,700
Total amount awarded
Health
£606,900
£4.282m
Education
£1,012,900
----- End of picture text -----

Bernard Sunley Foundation

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ANNUAL REPORT

Achievements

and Performance

This year the Foundation received 714 grant applications of which 92% were eligible. Out of these eligible applications, just over 50% 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.
Regionally these break down as:
North East
8 %
North West
6 %
West Yorkshire & Humber
11 %
East Midlands
7 %
West Midlands
8 % East
Wales
10 %
3 %
Other London
(UK wide, England & Wales,
England, Overseas) 7 %
South East
South West
11 % 12 % 17 %
----- End of picture text -----

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ANNUAL REPORT

Achievements and Performance

Community

This is the Foundation’s largest category with 49% of all grants awarded. A total of £2,116,700m was given which is an increase of 23% from the previous year. There were 201 grants awarded with the majority of these grants (63%) being small grants of £5,000 and under.

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AWARDED GRANTS
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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, activity 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 nearly 30 uniformed youth activity groups such as the girl guides, scouts and sea cadets. Eight youth clubs received large grants and the remainder of 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 £1,012,900 which is an increase of 9% from the previous year. The total number of grants made in this category was 74.

Grants were made to eight charities supporting countryside learning and those providing either accommodation or training centres for children and young people.

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AWARDED GRANTS
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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

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ANNUAL REPORT

Achievements and Performance

Health

A total of £606,900 was awarded which is an increase of 32% from last year. There were 37 grants made towards significant improvements at hospices, care homes and rehabilitation centres; the refurbishment of mobile health clinics and the creation of outdoor or recreational spaces for patients.

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AWARDED
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GRANTS
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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
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GRANTS

This year, the Foundation awarded £545,500 with 55 grants being made.

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Bernard Sunley Foundation

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

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 Fundsmith and HICL Infrastructure; property funds by Barwood Capital and private equity by FF&P.

The largest share of the Foundation’s investment funds comes from its listed pooled funds at 42%. The remainder is split between the listed equities at 50%; the listed property funds, rental income on two properties and cash. The year end market value of the investment portfolio was £158 million. The cost of managing the investment portfolio was £884k compared to £796k the previous year.

During the year, the Finance Committee agreed to sell its holdings in the PITCH fund run by Mayfair Capital and divert the proceeds into Barwood’s new Urban Industrial Income Fund.

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. 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 £328k and governance costs (including audit) were £52k.

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

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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.

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.

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.

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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 7th December 2022

The Trustees are responsible for keeping proper accounting records, which disclose, with reasonable accuracy, the financial position of the Foundation and 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

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ANNUAL REPORT

Independent Auditor’s Report to the Trustees of the Bernard Sunley 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.

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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 12), 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

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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

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ANNUAL REPORT

Charities funded above £5,000

Community

Community
Salmon Youth Centre £100,000
Capital refurbishment
The Avenues Youth Project £100,000
Capital improvements
Tuli Conservaton Trust UK £100,000
60th Anniversary project
Completon of an electric fence
Brecon Mountain Rescue Team £75,000
New headquarters
Wallsend Boys Club £75,000
New community centre
The Exodus Project
New accommodaton and improvements to actvity
centre		 £60,000
Kingsley Hall Church and Community Centre
Redevelopment of church and community centre		 £50,000
Parish of St Elizabeth, Foleshill
New community building		 £50,000
The Boiler House Community Space
Extension and refurbishment of community centre
Newbury Spring Festval
Three year funding at £15k per annum
White Ensign Associaton
Three year funding at £15k per annum		 £50,000
£45,000
£45,000
Family Care Trust
New kitchen, dining and event space		 £40,000
Meare & Westhay Village Hall
New village hall		 £40,000
St Minver Community Hub
New community building		 £35,000
All Saints Church, Wokingham
New community facility
Bradfeld Village Hall
New village hall and games area		 £25,000
£25,000
PCC of St. Mary The Virgin, Monken Hadley
Restoraton of church hall		 £25,000
18th Darlington Scout Group
New scout hut		 £15,000
1st Wash Common Scout Group
New hall and community facility		 £15,000
4th Morpeth Scout Group
New extension		 £15,000
Bovey Tracey Paradiso Arts Limited
Cinema constructon
Chopwell Regeneraton CIO		 £15,000
£15,000
Training Kitchen
Denham Community Council
Renovaton of village hall		 £15,000
Exeter Cathedral
Conservaton and re-ordering of the Chapter House		 £15,000
Huby Playing Fields Associaton £15,000
Sports pavilion rebuild
Langar cum Barnstone Village Hall £15,000
New village hall
Medbourne Village Hall £15,000
Refurbishment of village hall
Parochial Church Council of St Clement Worcester £15,000
Worcester Men’s Shed at St Clements Church
St. Andrew’s Methodist Church, Halifax £15,000
New church and community centre
Trinity Church, Buxton £15,000
Structural work to the church tower
Windmill Community Church £15,000
Reburbishment of Compton Boys Club
10th Warrington Scout Group £10,000
New extension and roof replacement
4th Dunstable (57th Beds) Scout Group £10,000
New group headquarters
All Saints Church, Newtown £10,000
New extension for community use
All Saints Church, Woodham £10,000
New underfoor heatng
Beacon Community Church, Wibsey £10,000
Refurbishment of community centre
Blackpool Carers Centre £10,000
New outdoor learning space
Cemetery Road Baptst Church, Shefeld £10,000
Refurbishment work for community use
Chesterton Methodist Church £10,000
New community café
Chopwell Regeneraton CIO £10,000
Training kitchen
Ellingham Village Hall £10,000
New village hall
Glenfeld Methodist Church, Leicester
New facilites for community use		 £10,000
Hill Street Youth and Community Centre £10,000
Purchase of freehold
Hive £10,000
Purchase of buildings for community facility
Linskill and North Tyneside Community Development £10,000
Trust
Development of a mult-purpose garden space
Long Riston Playing Fields Commitee £10,000
New children’s playground
Malling District Scout Council £10,000
Rebuilding of campsite’s scout building

Bernard Sunley Foundation

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ANNUAL REPORT

Ninfeld Memorial Hall
Refurbishment project
£10,000
Northamptonshire Associaton of Youth Clubs
Outdoor learning space
£10,000
Pathways 4 All Ltd
New play equipment
£10,000
PCC of St. James, Suton
Repair and refurbishment of church hall
£10,000
Salmon Youth Centre
Core funding
£10,000
Sherston Village Hall
Hall extension and improvements
£10,000
St Andrew’s Church in the Westlands
New community centre
£10,000
St Edward the Confessor, Motngham
Adaptatons for wider community use
£10,000
St James’ Church, Leckhampstead
New heatng
£10,000
St John’s, Litle Thornton
Refurbishment of community centre
£10,000
St Mary’s Church, Llanfairtalhaiarn
Creaton of community facilites
£10,000
St Mary’s Parish Church, Feltwell
Improving facilites
£10,000
St Peter’s Church Shipley
New roof for church hall
£10,000
St Petroc’s Church, Bodmin
Roof repairs
£10,000		 St. Boniface Church, Whipton
New community space
£10,000
St. Mary’s Church, East Ilsley
Repair work to roof and windows
£10,000
Stoke Saint Michael, Coventry
Renovaton project
£10,000
The Cardinal Hume Centre
Creaton of two short stay, studio apartments
£10,000
The Ethel Trust
Kitchen for new community barge
£10,000
The Freshford Village Memorial Hall
Improvements to village hall
£10,000
The Pelham
Basement refurbishment for enhanced youth service
£10,000
The Zink Project CIO
New charity base and community facility
£10,000
Trelya
New youth café and arts space
£10,000
Wedmore Playing Fields Management Commitee
New football pitch and MUGA
£10,000
Woodhouse Eaves Scout Group
New scout and community hall
£10,000
Yiewsley Methodist Church, Hillingdon
Roofng project for church hall
£10,000
Wheathampstead Chapel Community Hub
Refurbishment of church hall and disused church building
£7,500
Community total
£1,577,500

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ANNUAL REPORT

Educaton
Country Trust
60th Anniversary project
Support for food, farming and school visits work
£100,000
Derwen College Charity
Upgrading and improvements to residental bungalows
£60,000
Paces Shefeld
A new specialist school
£50,000
UK Sailing Academy
New accommodaton building
£50,000
World Heart Beat Music Academy
A new music centre
£50,000
Book Aid Internatonal
Three year funding at £15k per annum
£45,000
Country Trust
Three year funding at £15k per annum
£45,000
Elidyr Communites Trust
New community educaton centre
£45,000
Foreland Fields Charity
A new pavilion for sports and leisure actvites
£45,000
Schoolreaders
Three year funding at £15k per annum
£45,000
Deal Music and Arts Limited
Three year funding at £10k per annum
£30,000
Forest School Camps
Rebuilding of training centre and storage facilites
£30,000
Rackets Cubed
Three year funding at £10k per annum
£30,000
Newcastle University
The Farrell Centre – a new building for students and the
community
£20,000		 Old Royal Naval College, Greenwich
A new educaton and community space
£20,000
Newburn and District Sea Cadet Corps
Refurbishment of toilets and showers
£15,000
Positve Behaviour Support for Learning
A new special needs school
£15,000
The Shallowford Trust
New outdoor learning and storage space
£15,000
Wantage Silver Band
Extension to existng band and community hall
£15,000
Catcote Futures
Replacement hydrotherapy pool
£10,000
Kingsbury School
New adventure playground
£10,000
Nell Bank Charitable Trust
New build for Early Years Learning Centre
£10,000
North Yorkshire County Scout Council
Watson Scout Centre Rebuild.
£10,000
Royal Opera House
Annual corporate membership
£10,000
Sunbury and Walton Sea Cadets
New training centre for cadets and the community
£10,000
The Goed Life Ltd
Running costs of café
£10,000
The Sandwich Medieval Trust
Constructon of a replica medieval cog, ’The Nicholas’
£10,000
Deal Music and Arts Limited
Deal Music and Arts Summer School 2022
£6,000
Wings for Warriors
Refurbishment of training aircraf
£5,300
Educaton total
£816,300

Bernard Sunley Foundation

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ANNUAL REPORT

Health

Social Welfare

Maggie’s
New centre at Northampton General Hospital
£100,000
University of Southampton
60th Anniversary project
Cancer Immunology Talent Fund
£100,000
The Charlie Waller Trust
Three year funding at £25k per annum
£75,000
MS Therapy Centre (NW)
Refurbishment of newly purchased headquarters
£60,000
Britsh-Ukrainian Aid
Emergency aid
£50,000
Child Bereavement UK
Three year funding at £10k per annum
£30,000
Asociacion Aztvate
Support for Lokitaung paediatric clinic
£20,000
Fundacion Emalaikat
New land cruiser
£20,000
WomenCentre Limited
Improvements to main building
£20,000
Cheriton Road Sports Ground Trust
New pavilion and athletcs track
£15,000
Frensham Pond Sailability
New actvity centre
£15,000
Time to Talk West Berkshire
Free weekly counselling sessions for a youth centre
£15,000
Bosence Farm Community
Five en-suite facilites
£10,000
The Princess of Wales’s Royal Regiment Benevolent Fund
New meetng centre for veterans, personnel and cadets
£10,000
Health total
£540,000		 Tempus Novo
Two year funding at £35k per annum
£70,000
Embrace the Middle East
Three year funding at £15k per annum
£45,000
Oakfeld (Easton Maudit) Limited
Refurbishment of Easton Maudit
£40,000
Berkshire Youth
Refurbishment and structural additons
£25,000
Emmaus Brighton and Hove
Electrical project
£20,000
The Pilsdon Community
Replacement staf accommodaton
£20,000
EVA Women’s Aid
Refurbishment of ’move on’ house
£20,000
AF&V Launchpad Ltd
Refurbishment of Speke House
£15,000
City Harvest
New van
£15,000
East Northamptonshire Faith Group
New premises
£15,000
Emmaus Brighton and Hove
Rewiring of property
£15,000
Croydon Voluntary Associaton for the Blind
Refurbishment project and new lif
£10,000
The Forge Project
Refurbishment project
£10,000
Lighthouse Homes
Creaton of 7 new bedrooms
£10,000
Jennyruth Workshops Ltd
Extension and refurbishment of Jennyruth Workshops
£10,000
Natural Ability Ltd
New minibus
£10,000
Stroud Court Community Trust
New extension for residents and their families
£10,000
The Cart Shed
New meetng and ofce building
£10,000
Nene Valley Railway Limited
Modifying a railway carriage to make wheelchair accessible
£10,000
Social Welfare total
£380,000

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ANNUAL REPORT

Charities funded at £5,000 and less

Community
11th Gloucester (Hucclecote) Scout Group
Scout hut roof replacement
£5,000
1st Connah’s Quay Scouts
New extension
£5,000
1st Great Ayton Scouts
Improvements to scout hut
£5,000
1st Henley and Wooton Scouts
New scout hut
£5,000
1st Horndean Scout Group
Car park resurfacing project
£5,000
1st Market Bosworth Scout Group
Hut refurbishment and ramp project
£5,000
1st Sandridge Scout and Guide Group
New roof
£5,000
1st Warsash Sea Scout Group
Refurbishment works
£5,000
28th/61st Wigston Scout Group
Hut rebuild
£5,000
3rd Weston super Mare Scout Group
Refurbishment of scout hut
£5,000
Age Concern Southend-on-Sea CIO
Urgent repairs to community hub
£5,000
Ainon Baptst Church
New garden room
£5,000
Beacon Church, Newbuildings
Build a kitchen, renovate a toilet and create a garden
£5,000
Bexhill Senior Citzens Club
Building repair and refurbishment
£5,000
Billingborough Parish Hall
New heatng system
£5,000
Bridgerule Village Hall
A new children’s playground
£5,000
Burnham Overy Village Hall
New windows
£5,000
Canon Pyon Playing Fields Associaton
New play park
£5,000
Carlton Scroop and Normanton Village Hall
New entrance ramp, terrace and steps
£5,000
Caston Village Hall Charitable Trust
New extension
£5,000
Chardstock Community Hall Trust
External cladding
£5,000
Charltons Community Trust
New children’s playground
£5,000
Cheddar Village Hall Management Commitee
Larger communal space
£5,000
Communites 1st
Minibus replacement
£5,000		 Community Transport for the Lewes Area
New fully accessible minibus
£5,000
Cotswold Edge District Scout Council
Building demoliton and eco rebuild
£5,000
Cramlington in the community
New community space
£5,000
Craven & Keighley Area Quaker Meetng
Repairs to the meetng house
£5,000
Dalston Victory Hall
Phase 3 of refurbishment
£5,000
Denby Parochial Church Council
Final phase of work to the church hall
£5,000
Desborough Library and Community Hub
Kitchen extension/refurbishment
£5,000
Ewyas Harold Memorial Hall
Kitchen refurbishment
£5,000
Gateway (York) CIO
Refurbishment of windows
£5,000
Hampton Lucy Village Hall
Refurbishment project
£5,000
Heath End Village Rooms Trust
Roof repairs
£5,000
Helmsley Walled Garden
Renovaton of historic greenhouse
£5,000
Holy Trinity Lamorbey Church, Sidcup
Upgrading of bathroom
£5,000
Involved
Purchase of community building
£5,000
Kings Church, Bolton
Kitchen refurbishment
£5,000
Lanivet Church
New kitchen and seatng area
£5,000
Leven Playing Field Associaton
Sports hall car park improvements
£5,000
Lover Community Trust
Kitchen refurbishment
£5,000
Middleton St George Community
New paths
£5,000
Mid-Wydean Churches, Gloucestershire
New bathroom at Redbrook Church
£5,000
Minchinhampton Market House CIO
Restoraton of the undercrof
£5,000
Montgomeryshire Area Scout Council
New outdoor learning and storage building
£5,000
Neighbours in Poplar
Accessible minibus
£5,000
Northchurch Sports Associaton
Cricket nets redevelopment
£5,000
Old Newton Village Hall and Playing Field
Play equipment project
£5,000

Bernard Sunley Foundation

20

ANNUAL REPORT

Ombersley Memorial Hall
New village green
£5,000
Opera Prelude
Core funding
£5,000
Oughtbridge PCC
Upgrading of windows, roof and kitchen
£5,000
Parbold Women’s Insttute
Toilet refurbishment
£5,000
PCC of St John Baptst, Broughton
New landscaping at church/parish hall
£5,000
Penrith Cricket Club
Refurbishment of 3 lane practce net
£5,000
Pitchford Village Hall
Refurbishment of hall
£5,000
Queen Street School Preservaton Trust
Upgrading of facilites
£5,000
Ratlesden Community Council
Playground refurbishment project
£5,000
Ryedale Community Transport CIO
Accessible minibus replacement
£5,000
Saints & Sinners Trust
Revenue support
£5,000
Sea Palling Independant Lifeboat Limited
New rescue vehicle
£5,000
Selby and District Scout Council
Renovaton of scout hut
£5,000
South Hanningfeld Village Hall
Refurbishment project
£5,000
Springfeld Community Flat
Refurbishment of community centre
£5,000
St Dominick Community Shop Ltd
Storeroom and toilet facilites
£5,000
St Edward’s Church, Plymouth
Community hall roof replacement
£5,000
St Mary’s Church, Merton
Final phase of renovaton work to church hall
£5,000
St Swithun’s, Bournemouth
Community hall upgrade
£5,000
St Teilo’s Church, Bridgend
New kitchen, lightng and redecoraton at new community
centre
£5,000
St Tudy Village Hall
Refurbishment Stage 2
£5,000
St. Barnabas, Norwich
Roof renewal
£5,000
Stanton Lacy Village Hall
Female toilet extension
£5,000
The Blandford Fashion Museum
Refurbishment and repair of building
£5,000		 The Fry Art Gallery Society
The Fry Art Gallery extension
£5,000
The Parish of St James, Clacton-on-Sea
Hall foor renovaton
£5,000
St Mary the Virgin, Monkseaton
New communal garden and play area
£5,000
Warwick Percy Estates Community Projects
Extension to community centre
£5,000
Whepstead Community Associaton
Replacement of asbestos roof
£5,000
Wickhambrook Memorial Social Centre
Roof replacement
£5,000
Wombwell Thespians Amateur Dramatc Society
Replacement roof
£5,000
Woven St John’s Church, Notngham
New community facilites
£5,000
St Luke’s Church, Wallsend
Updatng electrics in church and community space
£4,500
4th Eling Sea Scouts
New storage facilites
£4,000
Cathays and Central Youth and Community Project
Rebuild and refurbishment of music facility
£4,000
Humberside Scouts
New wooden shelters at Raywell Park
£4,000
Kirby Misperton Village Hall
New bathroom facilites and fooring
£4,000
Lancashire Outdoor Actvites Initatve
Wheelchair accessible powerboat
£4,000
Rolvenden Village Hall
Replacement boilers
£4,000
Shadwell Community Project
Improvements to playground
£4,000
St Budeaux Parish Church, Plymouth
Meetng room extension
£4,000
St Nathanael Church, Liverpool
New kitchen and boiler
£4,000
St. Luke’s Methodist Church, Tyne & Wear
Redecoraton and renovaton work
£4,000
Stakeford Scout Group
Renovaton work
£4,000
Surrey Docks Farm
New van and trailer for a mobile farm
£4,000
The Hub at Henley Community Centre
Replacement of windows and doors
£4,000
The Marske Centre Ltd
New air conditoning system
£4,000
Wigton Road Methodist Church, Carlisle
Refurbishment of community facilites
£4,000
Freckenham Village Hall
New fooring and kitchen refurbishment
£3,500

21

ANNUAL REPORT

Friends of Holcot £3,500
Replacement cladding
1st Albrighton Scout Group
Refurbishment project		 £3,000
Barnsley Sea Cadets £3,000
Refurbishment of 2 classrooms
Billericay Methodist Church, Essex £3,000
Boiler replacement project
Britsh Ladies Assocaton		 £3,000
Core funding
Denver Playing Field Associaton £3,000
Car park improvement
Elloughton Village Hall		 £3,000
Boiler replacement
Fundacion Emalaikat £3,000
Project 31 in Centro Keapat
Northwest Automobile Club £3,000
Support for physically handicapped copilots
Tang Hall Community Centre £3,000
Kitchen upgrade
Speedwell Club £2,700
Improvements to the garden
1st Radyr Scout Group		 £2,500
Improvements to the outdoor space
Allegra’s Ambiton		 £2,500
Core funding
Evangelical Alliance £2,500
Core funding
Tirril and Sockbridge Village Hall
Roof insulaton		 £2,500
Universites and Colleges Christan Fellowship £2,500
Core funding
1st Southbourne Sea Scout Group
Exterior renovaton and repair		 £2,000
9th/21st Plymouth Scout Group
New artfcial lawn		 £2,000
Altofs Community Sports Club
Renovaton of clubhouse		 £2,000
Churches Conservaton Trust £2,000
St Margaret’s Church, Berkshire
Ninth Dartord Scout Group		 £2,000
Fence replacement
St Michael & All Angels Church, Appleby Magna
Installaton of window glazing at church hall		 £2,000
The Eldwick Church, Bingley £2,000
Community garden
Topcats £2,000
New minibus
Thanet Community Development Trust £1,500
Revenue support
Cambridge University Modern Pentathlon Club £1,000 £1,000
Charitable Trust
Modern Pentathlon Varsity match – support
Christan Outreach in the Alps £1,000
Core funding
St James’ Church, Leckhampstead £1,000
Upkeep of the churchyard
Community total £539,200
Educaton
Ashgate School Parents, Teachers and Friends Associaton £5,000
Sensory room refurbishment
Bardwell School, Bicester £5,000
New playground
Bidwell Brook School £5,000
Playground refurbishment
COGS Prepares 4 Life CIO £5,000
Replacement of greenhouse
Cornfeld School
New shutlebus		 £5,000
East Harptree Nursery Preschool and Forest School £5,000
New preschool
Friends of Collet £5,000
Refurbishment of kitchen areas and main cooking room
Friends of Manor Mead School £5,000
Play areas for young disabled children
Gosden House School £5,000
New minibus
Hadrian School £5,000
New interactve playroom
Holyport Community Trust £5,000
Playground refurbishment
Incredible Me £5,000
New playground
Jamie’s Farm £5,000
New sewerage system
John Fielding School, Boston £5,000
New playground
John Grant Special Needs School £5,000
New playground equipment
Kingswood Trust £5,000
Woodland adventure play area
Lighthouse London Community Trust £5,000
Support for the Spear Programme
Louie’s Helping Hands £5,000
Accessible play roundabout

Bernard Sunley Foundation

22

ANNUAL REPORT

Charities funded at £5,000 and less

New Horizons School
Development of outside space
£5,000
Pathfeld School
Wheelchair accessible vehicle
£5,000
Perros y Letras
Support for schools programme
£5,000
Ride High
Roof replacement
£5,000
Riverside Special School
Outdoor canopies and new play surface
£5,000
Skylight Circus in Educaton
New extension
£5,000
St Mary’s School
New play area
£5,000
Tetenhall Wood School
New minibus
£5,000
TRACKS Autsm
New windows and ventlaton improvement
£5,000
Training of Rural Women in Uganda
Core funding
£5,000
Warren Associaton Trust
A new playground and outdoor learning space
£5,000
Water Orton Primary School, Birmingham
New outdoor learning area
£5,000
Watermill School
New sensory garden and reading area
£5,000
Windsor Horse Rangers
Completon of new tractor shed
£5,000
Windsor Horse Rangers
Upgrade of training area
£5,000
Cleaswell Hill School
New outdoor therapy cabin
£4,000
Oaklands School, Cheshire
New outdoor bowling alley
£4,000
Oarsome Chance
New electric minibus / van
£4,000
Fundacion Alianza 68
New classrooms
£3,000
Fundacion Alianza 68
New classrooms
£3,000
Hilltop School
Outdoor mult-functon space
£3,000
KAA Intrepidus Trust
Core funding
£3,000
Archie Lloyd Charitable Trust
Core funding
£2,500
QE2 Actvity Centre
Core funding
£2,000
The Calne Foundaton Trust
Music bursary fund
£2,000		 Manta Trust
Core funding
£1,000
Hawk Conservancy Trust
Core funding
£100
Educaton total
£196,600
Health
Bourne End Junior Sports & Recreatonal Club
Replacement of all lightng
£5,000
Cancer Campaign in Sufolk
Refurbishment of ofce and communal space
£5,000
Carleton Rode Jubilee Hall
Mult purpose sports surface
£5,000
David Not Foundaton
Core funding
£5,000
Lewis-Manning Hospice Care
New minivan
£5,000
Multple Sclerosis Society
Core funding
£5,000
Open Country
New minibus
£5,000
The Cavalier Centre
Stable block extension
£5,000
Cruse Bereavement Support
Core funding
£4,000
Cure Internatonal
Core funding
£3,000
Fundacion De Inves Hospital Puerta De Hierro
Support for a new research assistant
£3,000
Swings and Smiles
Core funding
£2,900
The Eve Appeal
’Ask Eve’ informaton service – revenue support
£2,500
Asociacion Princesa Ret
Core funding
£2,000
Mind – Oxfordshire
Core funding
£2,000
Myeloma UK
Core funding
£2,000
Alzheimer’s Research UK
Core funding
£1,000
Asociacion Princesa Ret
Core funding
£1,000
Cancer Treatment and Research Trust
Core funding
£1,000
Friends of the Chelsea and Westminster Hospital

£1,000
Specialist incubator for fragile premature babies
Bourne End Junior Sports & Recreatonal Club
Replacement of all lightng
Cancer Campaign in Sufolk
Refurbishment of ofce and communal space
Carleton Rode Jubilee Hall
Mult purpose sports surface
David Not Foundaton
Core funding
Lewis-Manning Hospice Care
New minivan
Multple Sclerosis Society
Core funding
Open Country
New minibus
The Cavalier Centre
Stable block extension
Cruse Bereavement Support
Core funding
Cure Internatonal
Core funding
Fundacion De Inves Hospital Puerta De Hierro
Support for a new research assistant
Swings and Smiles
Core funding
The Eve Appeal
’Ask Eve’ informaton service – revenue support
Asociacion Princesa Ret
Core funding
Mind – Oxfordshire
Core funding
Myeloma UK
Core funding
Alzheimer’s Research UK
Core funding
Asociacion Princesa Ret
Core funding
Cancer Treatment and Research Trust
Core funding
Friends of the Chelsea and Westminster Hospital
Specialist incubator for fragile premature babies		 £5,000
£5,000
£5,000
£5,000
£5,000
£5,000
£5,000
£5,000
£4,000
£3,000
£3,000
£2,900
£2,500
£2,000
£2,000
£2,000
£1,000
£1,000
£1,000
£1,000

23

ANNUAL REPORT

Macmillan Cancer Support
World’s biggest cofee morning – revenue support
£500
Motor Neurone Disease Associaton
Core funding
£500
Movember
Core funding
£500
Health total
£66,900
Social Welfare
Age Concern Windsor
Lightng upgrade
£5,000
Bible Society
Core funding
£5,000
Bolton Deaf Society
Refurbishment of new mult-purpose space
£5,000
Brooke Hospital for Animals
Core funding
£5,000
Clif House Community Support Services
Bathroom replacement
£5,000
DiscoverU
Refurbishment of new day centre
£5,000
Emmaus North East
New accomodaton
£5,000
Exeter Community Transport Associaton
New minivan
£5,000
Foresight
New outdoor actvity centre
£5,000
Fylde Coast Women’s Aid
New windows, doors and security system
£5,000
Go Beyond (formerly CHICKS)
Revenue costs to provide holidays for vulnerable children
£5,000
Horizons (Plymouth)
New safetyboat
£5,000
Journey Enterprises Ltd

£5,000		 Social Training and Recreatonal Sport
Refurbishment of centre
£5,000
St Stephens Church, Southend-on-Sea
Fridge for community garden project
£5,000
St. Mark’s, Kingstanding
New accessible minibuses for older people
£5,000
Tearfund
Core funding
£5,000
The Edlington Hill Top Centre Associates
Replacement heatng system
£5,000
The Estuary League of Friends
Outside improvements
£5,000
The Shrewsbury Ark
New drop in homelessness centre
£5,000
Age Concern Windsor
Lightng upgrade
£5,000
Trussell Trust
Core funding
£5,000
Bible Society
Core funding
£5,000
Tuebrook Hope Group
Renovaton of chapel to create a new youth support group
£5,000
Bolton Deaf Society
Refurbishment of new mult-purpose space
£5,000
Yaton House Society
Refurbishment and access improvements
£5,000
Brooke Hospital for Animals
Core funding
£5,000
Northdale Hortculture
New café and commercial kitchen
£4,000
Clif House Community Support Services
Bathroom replacement
£5,000
Pennywell Neighbourhood Centre
Boiler replacement
£4,000
DiscoverU
Refurbishment of new day centre
£5,000
Rock Foundaton UK Ltd
New boiler
£4,000
Emmaus North East
New accomodaton
£5,000
Southend Christan Fellowship
New toilet facility
£4,000
Exeter Community Transport Associaton
New minivan
£5,000
Age Concern Chandler’s Ford
New windows
£3,000
Foresight
New outdoor actvity centre
£5,000
Silverline Memories CIO
New community dementa meetng and advice group
£3,000
Fylde Coast Women’s Aid
New windows, doors and security system
£5,000
Tedworth Equestrian – The Armed Forces Equine Charity
New quad bike
£2,500
Go Beyond (formerly CHICKS)
Revenue costs to provide holidays for vulnerable children
£5,000
Doorway Wiltshire
Core funding
£1,000
Horizons (Plymouth)
New safetyboat
£5,000
Social welfare total
£143,000
Journey Enterprises Ltd

£5,000
Two new minibuses
Keep Mobile Community Transport CIO
New specially adapted minibus
£5,000
Melton Mencap
New kitchen and other improvements
£5,000
New Life Community Church, Loughborough
Building a meetng room
£5,000
Newent Associaton for the Disabled
New minibus
£5,000
Pallion Acton Group
New community van
£5,000
Age Concern Windsor
Lightng upgrade
Bible Society
Core funding
Bolton Deaf Society
Refurbishment of new mult-purpose space
Brooke Hospital for Animals
Core funding
Clif House Community Support Services
Bathroom replacement
DiscoverU
Refurbishment of new day centre
Emmaus North East
New accomodaton
Exeter Community Transport Associaton
New minivan
Foresight
New outdoor actvity centre
Fylde Coast Women’s Aid
New windows, doors and security system
Go Beyond (formerly CHICKS)
Revenue costs to provide holidays for vulnerable children
Horizons (Plymouth)
New safetyboat		 £5,000
£5,000
£5,000
£5,000
£5,000
£5,000
£5,000
£5,000
£5,000
£5,000
£5,000
£5,000
Journey Enterprises Ltd £5,000
Two new minibuses
Keep Mobile Community Transport CIO £5,000
New specially adapted minibus
Melton Mencap £5,000
New kitchen and other improvements
New Life Community Church, Loughborough
Building a meetng room		 £5,000
Newent Associaton for the Disabled £5,000
New minibus
Pallion Acton Group £5,000
New community van

Bernard Sunley Foundation

24

ANNUAL REPORT

Grant payments made

Natonal Gallery
£110,000
University of Southampton
£100,000
The Avenues Youth Project
£80,000
Mary Hare Foundaton
£75,000
Royal Naval Benevolent Trust
£75,000
All Saints Church, Northampton
£52,000
Country Trust
£50,000
Tuli Conservaton Trust UK
£50,000
UK Sailing Academy
£50,000
JPK Sussex Project
£40,000
Horato's Garden
£30,000
Newbury Spring Festval
£30,000
PCC Christ Church Brunswick
£30,000
Poole Communites Trust
£30,000
The Wesley Centre (Malton)
£30,000
Berkshire Youth
£25,000
Developing Health & Independence
£25,000
Durham Scouts County Council
£25,000
Koestler Trust
£25,000
Parish of St Nicholas of Tolentno
£25,000
Poppleton Methodist Church
£25,000
The Charlie Waller Trust
£25,000
Whitngton Park Community Associaton
£25,000
Age UK Shefeld
£20,000
Asociacion Aztvate
£20,000
Chichester Community Development Trust
£20,000
Fundacion Emalaikat
£20,000
Ipplepen Methodist Church
£20,000
Moor House School & College
£20,000
Pitzhanger Manor & Gallery Trust
£20,000
Ragged School Museum
£20,000
Refugee Educaton UK
£20,000
Ringlestone Community Centre Development Group
£20,000
St John's Hospice, London
£20,000
Wall Heath Evangelical Free Church
£20,000
Willen Hospice
£20,000
1st Wash Common Scout Group
£15,000
All Saints Church, Northampton
£15,000
Book Aid Internatonal
£15,000
Bovey Tracey Paradiso Arts Limited
£15,000
Chopwell Regeneraton CIO
£15,000		 City Harvest
£15,000
Dawley Baptst Church
£15,000
Dogs for Good
£15,000
Embrace the Middle East
£15,000
Exeter Cathedral
£15,000
Friends of the Freedom Centre
£15,000
Hanworth with Gunton memorial hall
£15,000
Newburn and District Sea Cadet Corps
£15,000
Pathways 4 All Ltd
£15,000
Positve Behaviour Support for Learning
£15,000
Sacred Heart Parish
£15,000
Shafesbury Youth Club
£15,000
South Tyneside Churches' Key Project
£15,000
St Germains Church, Church of England
£15,000
St James Church, Silsden
£15,000
Time to Talk West Berkshire
£15,000
Wantage Silver Band
£15,000
White Ensign Associaton
£15,000
10th Warrington Scout Group
£10,000
4 Cancer Group
£10,000
4th Dunstable (57th Beds) Scout Group
£10,000
Accrington Sea Cadets
£10,000
All Saints Church, Newtown
£10,000
Alzheimer’s and Dementa Support Services
£10,000
Back on the Map
£10,000
Blyth Star Enterprises
£10,000
Bournemouth War Memorial Homes Ltd
£10,000
Bradford Cathedral
£10,000
Brockwell Park Community Greenhouses
£10,000
Caring Together
£10,000
Carlton Parochial Church Council
£10,000
Child Bereavement UK
£10,000
Child Dynamix
£10,000
Chopwell Regeneraton CIO
£10,000
Crawley Open House
£10,000
Ditchingham Village Hall
£10,000
Ecclesiastcal Parish of Edgeley and Cheadle Heath
£10,000
Ellingham Village Hall
£10,000
Ellingham Village Hall
£10,000
Estuary and Mountain Mission Area St Paul's Church
Gorsedd
£10,000
Exeter Community Centre Trust Ltd
£10,000

25

ANNUAL REPORT

Farnham, Aldershot & Fleet Sea Cadet Unit
£10,000
Fernhurst Recreaton Ground Trust
£10,000
Fitzrovia Youth in Acton
£10,000
Fundacion Emalaikat
£10,000
Godmanchester Baptst Church
£10,000
Great Sampford Baptst Church
£10,000
Grundisburgh Village Hall
£10,000
Highnam Community Centre Trust
£10,000
Hill Street Youth and Community Centre
£10,000
Hive
£10,000
Horsley and Bookham Riding for the Disabled Associaton
£10,000
Kings Norton Rugby Football Club
£10,000
Kingsbury School
£10,000
Lamplugh Village Hall
£10,000
Lighthouse Homes
£10,000
Linskill and North Tyneside Community Development Trust
£10,000
Longcot Village Trust
£10,000
Neuadd Y Plwyf Llannefydd
£10,000
Ninfeld Memorial Hall
£10,000
Northumbria Calvert Trust
£10,000
Oterhampton Village Hall
£10,000
Parochial Church Council for St Peter's Halliwell
£10,000
PCC Brightwalton and Catmore
£10,000
PCC of St. James, Suton
£10,000
PCC of the Parish of St Wilfrid Grappenhall
£10,000
Play Radnor
£10,000
Portshead Methodist Church
£10,000
Re-engage
£10,000
Re-Form Heritage
£10,000
Ripon Community Link
£10,000
Rising Sun Domestc Violence and Abuse Service
£10,000
Royal Opera House
£10,000
Salmon Youth Centre
£10,000
Setle Area Swimming Pool
£10,000
Shackleton Foundaton
£10,000
Shipton Reading Room
£10,000
St Edward the Confessor, Motngham
£10,000
St John's, Litle Thornton
£10,000
St Mary-le-Bow
£10,000
St Michael and St George Fulwell Mission Initatve
£10,000
St Peter and St Paul PCC Saltwood
£10,000
St Peter's Church Shipley
£10,000		 St Petroc's Church, Bodmin
£10,000
Stonepillow
£10,000
Stroud Court Community Trust
£10,000
The Big C Appeal Limited
£10,000
The Cardinal Hume Centre
£10,000
The Dash Charity
£10,000
The Forge Project
£10,000
The Goed Life Ltd
£10,000
The Sickle Cell Society
£10,000
The Walker Lines Gymnasium Trust
£10,000
The Zink Project
£10,000
Thrive
£10,000
Wadebridge Foodbank and StoreHouse
£10,000
Wedmore Playing Fields Management Commitee
£10,000
Wivelsfeld Village Hall and Recreaton Ground
£10,000
Wycombe Mult-Cultural Organisaton
£10,000
Fundacion Artesmisan
£9,000
Countryside Learning
£7,000
1st Burnmoor Scout Group
£5,000
1st Godstone Scout Group
£5,000
1st Sandridge Scout and Guide Group
£5,000
Ainon Baptst Church
£5,000
Alzheimer's Society
£5,000
Andover Trees United
£5,000
Area Training and Actvity Centre
£5,000
Bardwell School, Bicester
£5,000
Basingstoke and Alton Cardiac Rehabilitaton Charity
£5,000
Beverley Community Lif
£5,000
BeyondAutsm
£5,000
Bible Society
£5,000
Big Brum
£5,000
Bolton Deaf Society
£5,000
Bradworthy Parish Memorial Hall
£5,000
Bridgerule Village Hall
£5,000
Bryn Iwan Chapel
£5,000
Burley Gate Village Hall
£5,000
Canon Pyon Playing Fields Associaton
£5,000
Carleton Rode Jubilee Hall
£5,000
Central Yorkshire County Scout Council
£5,000
Chardstock Community Hall Trust
£5,000
Charltons Community Trust
£5,000
Clewer Scout and Guide Group
£5,000

Bernard Sunley Foundation

26

ANNUAL REPORT

Clif House Community Support Services
£5,000
Contact
£5,000
Cotswold Edge District Scout Council
£5,000
Country Trust
£5,000
Cramlington in the community
£5,000
Craven & Keighley Area Quaker Meetng
£5,000
Crof with Yarpole and Lucton Parochial Church Council
£5,000
David Not Foundaton
£5,000
Deal Music and Arts Limited
£5,000
Dean Court Community Associaton
£5,000
DEMAND Design and Manufacture for Disability
£5,000
Dorchester and West Dorset District Scout Council
£5,000
Durham Scouts County Council
£5,000
Elmwood and Penrose Federaton
£5,000
Emmaus North East
£5,000
Ewyas Harold Memorial Hall
£5,000
Exeter Community Transport Associaton
£5,000
Eye Playing Fields Associaton
£5,000
Fiskerton Village Hall
£5,000
Fiveways School Trust
£5,000
Fosse Way School
£5,000
Friends of All Saints Church
£5,000
Friends of Jack Tizard
£5,000
Friends of Jesmond Library
£5,000
Frosterley Village Hall and Insttute
£5,000
Fylde Coast Women's Aid
£5,000
Gateway (York)
£5,000
Glos. East Division Guides
£5,000
Glyndebourne
£5,000
Go Beyond
£5,000
Greenfngers Charity
£5,000
Groombridge Men's Shed
£5,000
Half Moon Young People's Theatre
£5,000
Hampton Lucy Village Hall
£5,000
Hebron Trust
£5,000
Helmsley Walled Garden
£5,000
Hinton Martell Village Hall
£5,000
Hollesley Village Hall
£5,000
Holme Hale Playing Field Trust
£5,000
Holme Village Community Centre
£5,000
Horizons (Plymouth)
£5,000
Improving Lives Plymouth
£5,000		 Involved
£5,000
John Fielding School, Boston
£5,000
Kidderminster Baptst Church
£5,000
Kings Church, Bolton
£5,000
Kingswood Trust
£5,000
Lanivet Church
£5,000
Lanivet Parish Sport And Recreatonal Trust
£5,000
Lighthouse London Community Trust
£5,000
Llanarthne New Village Hall
£5,000
Llanharan Recreaton Ground Trust
£5,000
Llanwarne and District Village Hall
£5,000
Lover Community Trust
£5,000
Mid Devon Mobility
£5,000
Mid-Wydean Churches, Gloucestershire
£5,000
Milford Haven Sea Cadet Corps
£5,000
Multple Sclerosis Society
£5,000
New College Worcester
£5,000
Old Newton Village Hall and Playing Field
£5,000
Opera Prelude
£5,000
Osgodby Village Insttute Community Associaton
£5,000
Our Space (Stafs)
£5,000
Pact (Parents and Carers Together)
£5,000
Parbold Women's Insttute
£5,000
PCC of St Alban with St Augustne Fulham
£5,000
Penrith Cricket Club
£5,000
Pimlico Opera
£5,000
Pitchford Village Hall
£5,000
Portesbery Partnerships
£5,000
QE2 Actvity Centre
£5,000
Raedwald Trust
£5,000
Renewal Northwest
£5,000
Ride High
£5,000
Saints & Sinners Trust
£5,000
Shafesbury & District Carers Associaton
£5,000
South West Pembrokeshire Local Ministry Area Council
£5,000
Springfeld Community Flat
£5,000
St Edburgha's Church, Yardley
£5,000
St Mary-le-Bow
£5,000
St Tudy Village Hall
£5,000
Swindon Therapy Centre for Multple Sclerosis
£5,000
Tearfund
£5,000
The Avenues Youth Project
£5,000

27

ANNUAL REPORT

The Big House Theatre Company
£5,000
The Blandford Fashion Museum
£5,000
The Clare School
£5,000
The Edlington Hill Top Centre Associates
£5,000
The Fry Art Gallery Society
£5,000
The Juncton Foundaton Limited
£5,000
The Kings Arms (Petersfeld)
£5,000
The New Huton Insttute
£5,000
The PCC of the Ecclesiastcal Parish of Mill End and
Heronsgate with West Hyde
£5,000
The Shrewsbury Ark
£5,000
The Trust of Ellen's Cotages
£5,000
Totnes Caring Ltd
£5,000
Training of Rural Women in Uganda
£5,000
Trent Memorial Hall
£5,000
Trussell Trust
£5,000
Viney Hill Christan Adventure Centre
£5,000
Waverley Associaton of Special People
£5,000
We Are Beams
£5,000
Wickhambrook Memorial Social Centre
£5,000
Windsor Horse Rangers
£5,000
Woodhouse Close Church Community Centre
£5,000
Woven St John's Church, Notngham
£5,000
Lee Brockhurst Village Hall
£4,500
4th Eling Sea Scouts
£4,000
Cathays and Central Youth and Community Project
£4,000
Church of Good Shepherd
£4,000
Combe Village Hall and Recreaton Ground
£4,000
Kirby Misperton Village Hall
£4,000
Lancashire Outdoor Actvites Initatve
£4,000
Now Church
£4,000
Ofenham Village Hall
£4,000
Shadwell Community Project
£4,000
St Nathanael Church, Liverpool
£4,000
St. Luke's Methodist Church, Tyne and Wear
£4,000
Stakeford Scout Group
£4,000
Freckenham Village Hall
£3,500
Friends of Holcot
£3,500
Nannerch Memorial Hall
£3,500
1st Albrighton Scout Group
£3,000
Barnsley Sea Cadets
£3,000
Britsh Ladies Assocaton
£3,000		 Cheriton Baptst Church
£3,000
Cymau Community Centre
£3,000
Denver Playing Field Associaton
£3,000
Fishguard Sea Cadets
£3,000
Fundacion De Inves Hospital Puerta De Hierro
£3,000
Hilltop School
£3,000
Mynydd Isa Women's Insttute
£3,000
Newbury Spring Festval
£3,000
Selby District Peter Pan Nursery
£3,000
Tang Hall Community Centre
£3,000
The Horrabridge Youth Club
£3,000
The Oasis Centre Community Project-East Manchester
£3,000
West Ilsley Recreaton and Social Associaton
£3,000
Wilton's Music Hall
£3,000
BEAT
£2,500
Polruan Village Hall
£2,500
Puncknowle and Swyre Village Hall
£2,500
Southcourt Baptst Church Charitable Trust
£2,500
St Andrew's Heritage Society, Spraton
£2,500
The Eve Appeal
£2,500
1st Alsager Scout Group
£2,000
1st Southbourne Sea Scout Group
£2,000
Altofs Community Sports Club
£2,000
Archie Lloyd Charitable Trust
£2,000
Barons Court Project
£2,000
Grindon Church Community Project
£2,000
Memorial Community Church
£2,000
Mind – Oxfordshire
£2,000
Ninth Dartord Scout Group
£2,000
St Michael & All Angels Church, Appleby Magna
£2,000
Swings and Smiles
£2,000
The Eldwick Church, Bingley
£2,000
Topcats
£2,000
Winchester Street Reach
£2,000
Northwest Automobile Club
£1,500
Thanet Community Development Trust
£1,500
Allegra's Ambiton
£1,000
Alzheimer's Research UK
£1,000
Asociacion Princesa Ret
£1,000
Cancer Treatment and Research Trust
£1,000
Doorway Wiltshire
£1,000

Bernard Sunley Foundation

28

ANNUAL REPORT

Friends of the Chelsea and Westminster Hospital £1,000 £1,000
MIND – Natonal Associaton for Mental Health £1,000
The Grange Festval £1,000
Macmillan Cancer Support £500
Motor Neurone Disease Associaton £500
Movember £500
Total £3,282,500

29

FINANCIAL STATEMENTS

Statement of Financial Activities

Incorporating an income and expenditure account Year ended 31st March 2022

Notes UNRESTRICTED FUNDS
2022
2021
£’000
£’000
Income from:
Investments
(a)
Total income		 2,724
2,642
2,724
2,642
Expenditure on:
Raising funds
(c)
Charitable actvites
(b)
Total expenditure		 884
796
4,433
3,702
5,317
4,498
Net expenditure before investments
Net gains on investments
(f)
Net income and net movement in funds in year
Funds Brought Forward at Start of Year
Funds Carried Forward at End of Year		 (2,593)
(1,856)
16,671
30,518
14,078
28,662
146,838
118,176
160,916
146,838

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 2022

At 31st March 2022
Notes 2022
2021
£’000
£’000
Fixed assets
Investments
Stocks, shares, property funds at market value
(g)
Freehold propertes
(h)		 158,169
146,464
3,300
3,300
161,469
149,764
Net current assets
Debtors and prepayments
(i)
Bank balances
Less: Creditors and accruals
(j)		 280
633
3,775
248
4,055
881
(4,298)
(3,577)
(243)
(2,696)
Long term liabilites
Grant payments beyond one year		 (310)
(230)
Total Net Assets
Represented by:-
The funds of the charity
Unrestricted Funds
(l)		 160,916
146,838
160,916
146,838

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 7th December 2022 and were signed below on its behalf by:

Anabel Knight Chairman 7th December 2022

Bernard Sunley Foundation

31

FINANCIAL STATEMENTS

Cash Flow Statement

Year ended 31st March 2022

Notes 2022
2021
£’000
£’000
Net cash outlow from operatng actvites
(n)		 (1,439)
(1,984)
Capital expenditure and fnancial investment
Purchase of investments
Proceeds from sale of investments		 (23,295)
(48,939)
28,261
51,000
4,966
2,061
Increase in cash
(o)
Bank balance brought forward
Closing bank balance		 3,527
77
248
171
3,775
248

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

2022
2021
a) Income from investments
Listed equites
Listed pooled funds
Listed property funds
Bank interest
Rental income on freehold propertes
Other income		 £’000
£’000
956
915
1,325
1,315
413
391
1
–
21
21
8
–
2,724
2,642
b) Analysis of expenditure
Grants approved to insttutons
Grants cancelled from previous years
Charitable actvites support costs (note c)
Grant commitments at 31st March 2021
Grants approved
Less: Grants cancelled
Less: Grant payments
Grant commitments at 31st March 2022		 4,282
3,717
(229)
(308)
4,053
3,409
380
293
4,433
3,702
3,781
3,875
4,282
3,717
(229)
(308)
(3,283)
(3,503)
4,551
3,781

Details of all grants approved above £5,000 are detailed on pages 16 to 19. All grants approved of £5,000 and less are listed on pages 20 to 24

Bernard Sunley Foundation

35

FINANCIAL STATEMENTS

c)
Analysis of expenditure 2022
Expenditure on:
Investment management cost
Trustee expenses
Audit fee
Legal and professional
Stafng costs
Ofce and premises costs
Total
Analysis of expenditure 2021
Investment management cost
Trustee expenses
Audit fee
Legal and professional
Stafng costs
Ofce and premises costs
Total		 Raising
funds
Charitable
Actvites
Governance
Costs
Total
2022
£’000
£’000
£’000
£’000
884
–
–
884
–
–
24
24
–
–
12
12
–
–
16
16
–
247
–
247
–
81
–
81
884
328
52
1,264
796
–
–
796
–
–
2
2
–
–
11
11
–
–
–
–
240
–
240
–
40
–
40
796
280
13
1,089

d) Trustees’ Expenses And Remuneration

£24,000 was reimbursed in travel expenses to 5 Trustees (2021: £980 to 2 Trustees). The Trustees received no remuneration during the year (2021: £nil).

d) Trustees’ Expenses And Remuneraton
£24,000 was reimbursed in travel expenses to 5 Trustees (2021: £980 to
received no remuneraton during the year (2021: £nil).		 2 Trustees). The Trustees
e)
Staf Costs And Numbers
Average number of employees in the year was 3 (2021 : 3)
Salaries
Pensions
Social security costs		 2022
2021
£’000
£’000
199
198
20
20
24
20
243
238

One employee was in receipt of an annual salary between £80,001 and £90,000 (2021:1 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

2022
2021
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		 £’000
£’000
727
2,737
-
2,038
1,412
23
-
90
8,309
15,449
5,407
10,215
818
(7)
(2)
(27)
16,671
30,518
g) Fixed Assets – Investments
(Stocks, Shares, Property fund units and cash awaitng investment)
Market value at 31st March 2021
Additons at cost
Disposals at opening market value
Net investment gain
Market value at 31st March 2022
Book cost at 31st March 2022
Analysis of Market Value at 31st March 2022
Investments listed on recognised stock exchange – United Kingdom
– Listed equites
– Listed pooled funds
– Listed property Funds
Private equity
Cash awaitng investment		 146,464
118,007
23,295
48,939
(28,261)
(51,000)
16,671
30,518
158,169
146,464
109,680
110,605
79,630
72,772
66,121
60,714
11,703
12,239
85
87
630
652
158,169
146,464

At the end of the year the Foundation had invested £4,350,000 (2021: £3,499,497) with the Barwood Regional Property Growth Fund IV and committed a further £650,000 (2021: £1,500,503).

At the end of the year the Foundation had invested £6,111,000 with the Barwood Urban Industrial Income Fund and committed a further £3,889,000.

Bernard Sunley Foundation

37

FINANCIAL STATEMENTS

h)
Fixed Assets – 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 on
20th August 2020.		 2021
2020
£’000
£’000
3,300
3,300
i)
Debtors And Prepayments
Due within one year
Debtors and prepayments		 280
633
280
633
j)
Creditors And Accruals
Due within one year
Investment management fees
Approved grants
Other creditors and accruals
Grants payable between one and four years		 13
7
4,241
3,551
44
19
4,298
3,577
310
230

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		 31.3.21
Increase in
Reserves
31.3.22
£’000
£’000
£’000
149,764
11,705
161,469
(2,926)
2,373
(553)
146,838
14,078
160,916

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 (2021: £40,000) to manage Sunley Orford Retirement Homes Ltd (SORH). The sum was outstanding at 31st March. The Trustees of SORH during the year were Dr Brian W Martin and Mr James B Sunley. The Foundation is the residual beneficiary of this charity.

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 (2021: £1,000,000) invested, he is also an investment advisor of the Barwood Urban Industrial Income fund with whom the charity has £6,111,000 (2021: £nil) invested with £3,889,000 (2021: £nil) committed.

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 £4,350,000 (2021: £3,499,497) invested with a further £650,000 (2021: £1,500,503) committed.

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 William Tice Winchester Street Reach 2,000

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 on investments
Net cash outlow from operatng actvites		 2022
2021
£’000
£’000
14,078
28,662
-
2
353
(19)
31
(17)
690
(302)
80
208
(16,671)
(30,518)
(1,439)
(1,984)
o)
Analysis of Changes in Net Funds
Cash at bank		 Cash infow
at 31.03.22
£’000
£’000
3,527
3,775
at 01.04.21
£’000
248

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