| Trrreuraa' Annrral Restart |
||
|---|---|---|
| Chair'a Rrurart |
3 | |
| Objectives end Actlvlues | 5 | |
| AchievementS and Prrrfalrnanoe |
6-tl | |
| Financird Review |
tfi-t6 | |
| Plane for Future Pertodrr | 1T | |
| SlructLrre, Govenranoe and Manafiarnent |
ta | |
| Rererenoe end Aclminirrtrative | Drrerite | l& |
| Trurrtaes' responsibilities in relation to |
20 | |
| the financiat statements | ||
| Independent Audthrra' Report |
2t&3 | |
| 8tabement of Financial Acttvtttee | ||
| 2S | ||
| 8irnrnrary rrraarrra end Experrdttrrrs |
||
| Stabrinerrt ofCash Flaws | 27 | |
| Itotaa ta the Flnancfet Statrrrrrerrts | 2B42 |
| 2020-21 | |||
|---|---|---|---|
| Where our money came franl |
E'000 | ||
| Our taint income wss | 8.2I6 | 4,268 | |
| New Drxudkvnr to Endawmem |
Funds | 626 | 193 |
| Nevr Darnrlians ta RaLv-ttvaugh |
Funds | 2,146 | 3,597 |
| Oonslians Iowarde Support Can& Distrt~ fram Endowment Funds |
100 | 98 37t |
|
| ONer incame | |||
| How we sfrent aormoney | k 000 | E.'000 | |
| We spent In total | 3,036 | 4,011 | |
| Grants | 2.648 | ||
| Grant Making 8 Danar Care | 400 | ||
| Casts af~ng philerrthropy |
87 |
| PATRON; | Michael hkore4llelyneurr, Her Majesty's |
Michael hkore4llelyneurr, Her Majesty's |
Lard-Lieutenant | Lard-Lieutenant | ofSurrey |
|---|---|---|---|---|---|
| VICE PRESIDENTS: | Shahlo Azsern DL MatlhewB~CBE |
||||
| Prafessar I ahfck Dowling CBE |
|||||
| David Frank | |||||
| Paler Hampsan CBEOstJI'M SirS~n Lernport GCVD DL |
|||||
| The Hrar. Mrs Levssa Scaly DL Gordon Leathers |
|||||
| J)m McAllister Andrevr ties QBE |
|||||
| Richard Whtttington DL |
|||||
| Graham Williaros |
|||||
| Jsn Glover 0BE(ltorn Nterch 2022) | |||||
| Nigel Gillott | fram Seplember 2021) | ||||
| Bridget Biddell MRICS DL (fram September 2021) | |||||
| TRUSTEES: | Sir Danie O'Cannor CBE-Chair (appointed 24 September 2021;Chair frere Marah 2022) Jim Glover 08E DL tChelr fram April 2021 lo March 2IQ2) |
||||
| Qr Jugs Llewelyn —Wc+Chair | |||||
| Vibhaker Bali | |||||
| Bridget Biddelf DL rhsrn ended September | 2021) | ||||
| Peter Cluff | |||||
| William Dawson |
|||||
| Paul Dtnrnes FCAATil |
|||||
| Nlgel Gillott (term ended September | 2021) | ||||
| hlllohael Hayrnan MBE DL (resigned |
I)Mey 2i)22) | ||||
| Emma Walker | |||||
| Holly Murnroks | |||||
| Elaine Tlsdall OBE | |||||
| Carolyn Rich (appointed 24 September 2024) | |||||
| SECRETARY' | Dr ftebecoe Bowden —Chief Exeoulive (from July 2021) | ||||
| Deeps Craig —Director af Flnarroe (fram | March 2021 ta | July 2021) | |||
| HDIf TREA8URER: | Paul Downes FCA ATII | ||||
| REGISTERED OFFICE; | Suite 3,First Floor, Cleary Court, 16I)Church Sheet East, Waking, SulTey. GU21 6HJ |
||||
| REGISTERED CHARITY No'. | 1 'I 11600 | ||||
| REGISTERED CDIy)PANY NCI: | 05442921 | ||||
| AUDITORS; | Alii~ UP, Chartered Accountants |
8 Statutory Auditors | |||
| Friary Court, 13-21 High Slreet, Guildlartl. | Surrey. GlJ1 3DL | ||||
| PRINCIPAL BANKERS: | Hendelsbanken Pic |
||||
| Andlewe Haueo, callege Road, Guiklfard, |
Surrey, GU1 4R6 |
| O | Ill | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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fgC | r | 5 S ~ |
j~ ~I j~ |
||||||||||
| 4.:i | lii QQV |
S L8 e V |
~ | S | p7. | Z C |
| 2022 | 292f | |||
|---|---|---|---|---|
| POQQ | f,'009 | |||
| TOIal income frOrn oonfinLarg Operalhms |
2@TO | 4,067 | ||
| Total experKalure on oon6nuing |
operaaons | t3,039) | (4,812) | |
| Net (enpendltnre) for the year |
before transfers | and | ||
| investment tie leelttosses) |
(366) | p45) | ||
| IoMesim ant gains/(losses) T~from expendablee~t |
427 | Ie 358 |
||
| Net Inoome (expendkaee) for | the year | $379) |
| Net caen used In spurning ectfvftfae Caah ffn2va5 trurn ihWe&fr~' ~sfrom aafn ol mveshneets Purcheee ofInvssemnte Decnsaan(lncrnaM) a2 oaah heat ity Invesfrrunrt Purchase ofequipment |
Nots 15 managers |
Toter Fenets 2M2 EON ~575 686 (8M) ~4 |
f2rfor Year 202f E'MO~I~ 8,326 g},447) ~3 |
|---|---|---|---|
| stint cash prcnrfded by Inveatfno ecfvfftes |
|||
| Casfr @awefrill %llvlcfnga~' Receipts of newEn~t |
199 | ||
| ffst cnah prov tdacl by ffnnncfng neth |
Nun | 625 | |
| Da~rt tnoeaas) InE~nt dab)urn Inereeaa%~) In Ende2vmant Credhnre |
(14) 0 |
(4) P) |
|
| Chars)e in aaah snd each eBtwveknts in the year |
46 | (343) | |
| Cash anrt Oaah equlValenl bruught rONBurd |
I 224 | I 521 | |
| Cash end cash eqtrlvelsnls cerrfed fCBrurard |
1 224 | 'I 224 |
| Friar Vsw | |||||||
|---|---|---|---|---|---|---|---|
| Nnsstds | led | assuhtee | Esanrrmsnt | ||||
| Seams | Panes | Funds | Funds | Total 1022 | Telsr Mal | ||
| 2000 | 21700 | attoa | Elias | e'bao | |||
| Pnnae S solar liiifiridselr Chsiasbls Foirndssens Csgnrste Oooo' Oossied Senders snd reOS344 |
2 6 00 02 |
070 247 aas Sra |
547 240 7 2$ |
t,ota ~86 sar 82 |
4,221 539 l,ors KBB M |
||
| 100 | ~alt |
| crest mridng | 5 | ||||||
|---|---|---|---|---|---|---|---|
| bonar | |||||||
| urrrserrtrted | eneta | ikdena Fiant | r | rreWlrurment | road 3022 | Total 2032 | |
| F000 | 2'000 | E'000 | 3'OM | ||||
| afir en and Adrn le Stae Cocle |
ta 50 |
47 27$ |
65 333 |
62 344 |
|||
| pep sedation Inote 30I | 0 | 3 | 3 | ||||
| Governento | Cotlr | Zo | za | 13 | |||
| rrrbtarsi | 78 | 347 | 435 | 431 | |||
| elite ln xind | 0 | 33 | 63 | 70 | |||
| Srdr Total | 87 | F00 | 487 | 491 | |||
| lnverrsrent | mrrreaen ent fees | lo | 1 | r | 0 | ||
| Turret | 4as | 492 |
| Governance | costs: | 2Q21 | |||
|---|---|---|---|---|---|
| 4,'oee | |||||
| proiessionsr | Fess | 3 | Actual cost | ||
| Audi to*remuneration | 9 | 7 | Actual cost | ||
| QA5 | 1 | 1 | Actrrai cost | ||
| 5taNcosts | tt | 4 | Maritime | ||
| 23 | f3 |
o altcoalfon |
or charge ie inada to reshi |
cted lrunds f |
or any gc | veirienoe r |
atah |
|---|---|---|---|---|---|
| 2022 | 002.s | ||||
| F000 | 0'000 | ||||
| (arard nakirig | arid dsricrdav~ | 20 | |||
| rsrndraiv asa | 2 | 2 | |||
| Tsrar AtrabsM |
| Rssouersrs Expended |
—Grants | ||
|---|---|---|---|
| 202I | |||
| P.%HI | |||
| Tehr awarded (dirt tysnta) |
4,90tr | less tee nta) | |
| Fund~ | |||
| Gasrfs rstrsned drrraXI Sra year |
|||
| rtet errrrsart hr multi-year grants |
|||
| Grarrtafm~ betrreerr |
funds | ||
| list ameunt SWarded |
| Resourc | es | Expend | ed | — | ~ | nt | Funds | |||
|---|---|---|---|---|---|---|---|---|---|---|
| Vrl~ | Endewweenr | Yetsl atttttt | Tata f202t | |||||||
| t~t | ma | ragearem | fees | ror | errrrent | year | EYsx 1 |
R't)oo as |
rtYO) atr |
EVNI |
| These sts staled arftsr chsrj}t | +; | |
|---|---|---|
| ~iterrruneratrorr De~ on owned asrala |
2021 E'srrrr 7 a |
|
| Analysis ofstaff casts | ||
| 2022 | ||
| E'000 | s'MO | |
| 290 | 28e | |
| 22 | ||
| 1$ | Ie |
| Frssr relra» | aW | |
|---|---|---|
| Grsntvnsldntr | snd donar dsvsevxrrent | ~e |
| Crau puler | ||||
|---|---|---|---|---|
| Krirdpreaill | ||||
| C e |
||||
| At 1 Alan 2021 | ||||
| Praasriliarra 01~ |
||||
| Al 31 lytaratr 2022 | 13 | |||
| Dacaac4noe: | ||||
| At 1 Atad 2021 | ||||
| Clatrgo tor tera | ||||
| t2iapnea la | ||||
| Al 3'I Mrach 2022 | ||||
| Nat bock vsyoa: | ||||
| At 31 March 2022 | ||||
| At 3'I Mareh202t | ||||
| Imrnnatteltla | I~ala | Cash raawmsrn | Total | |
| 8'aaty | RKKI | |||
| A11 Anal 2001 | 1 | 782 | 32 | 138la |
| al coll | rd | %XI | ||
| Diraesala al carrying vskre |
QZ1) | |||
| Unreel iran pairrrttcea) | ||||
| Aabele | 5 | |||
| 189 | 158 | |||
| TraIIafore | (8taj | i818) | ||
| AI3t March 2622 |
| 2O21 | ||||
|---|---|---|---|---|
| ImWdec | Waaah a~Umllaa | 2822 Total VWKI |
Total O'880 |
|
| auras'rt d Partners I&tAI~M~t |
Lal -COIF | |||
| Cltarttnm | hwaatrrrartt Fund |
|||
| 1SSI~ | ~II II |
| Notes te the Flaaftstal | Notes te the Flaaftstal | 8tatementa for |
the Year Kttded S |
t March 2022 | ||
|---|---|---|---|---|---|---|
| 1S | Analysis ot Net Aaaete behtraen Ifsrosbfotod |
Funda ~ |
Endssrosnr | |||
| Funds | arsrds | Funds | 8I22Tots I | |||
| e'08I | awKI | Dxo | E'Oae | |||
| Tsnakrre Faarf sssrrro | ||||||
| ~nts | '14,69$ | 14,864 | 13,814 | |||
| Cment | Aooots | 1,147 | 1366 | '1.301 | ||
| Crsdaors | ||||||
| '14reo | ieerr | ~s | ||||
| B | ReorNICQlathnr | ofaetrn~ | in funffe to net | each Sewfbvnn Opera&ga~ |
| Hot movement n funds | |||
|---|---|---|---|
| Adjustrnrmls far E~IDonotforx |
(193) | ||
| Dsrsedsaon chrortrss fchdn~ an ssrosrrrrssfs IOCresrm (InorssW fn Ofrsrsfina drdrtars ~~)tn~crsdllors Not cosa used I's orrersltna Oslfrrttfss |
3 P,63$) ec e |
||
| 7 Transfers |
|||
| tfrsuoatatsd | anrurWmsrd | ||
| Funds | Fwrds | Funds | 2fu2 rats t |
| E'oott | f,"eeo | 4'oep | 4%KI |
| C~H to suprrort costs Grunts fram OrrpsnClsbbr a~I Nsl md%rod Cskin~ Sce |
| Transfer- | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| As ~I April |
I | Ilrvseamenl | Resouraea Rqaended |
Conbtbvdan to Fobndsaan |
Transfer | Ai.ss 91 aaarnn |
|||||
| Income | Ip5rsrss) | (nota 17) | (nots 17) | 2025 | |||||||
| e | |||||||||||
| BoerC;nampiaaahlp purd |
8(k975 | (53&4"-0) | |||||||||
| 14anry Srnhh Fund | 127JBD | (155,280) | |||||||||
| 47200 | 707.'ISS | &719,275) | |||||||||
| ~0aranerlrus Appse I |
|||||||||||
| Pmqnlnsee-00515 Nalherby Troat Furld ~550 Fund |
258,261 | (249,901) (114~ |
tt3,450) &4,75(7) &5.000) |
&5,000) | I5,011 | ||||||
| aurrtrr Caunly 0aunaiil Melan |
|||||||||||
| hndlng | ZDD,IXX) | (10.0M) | &teD,&XXD | ||||||||
| Sunray Camruarrrua Raqxnm |
|||||||||||
| Frmd - Reaonal Lalhny | &17229M) | (12,5or) | 54,517 | ||||||||
| Sunny Ceranerirus Iesrpanas |
|||||||||||
| Fund - Phase I | 222427 | ~1IL927 | (909dlt 'I) |
(904XII) | (299812) | ||||||
| surrey Caraneukua Raepanle |
|||||||||||
| Fund - Phase 2 | &925,493) | (22~) | (856,555) | 83,tsa | |||||||
| surrey hooray Caunaa publla | |||||||||||
| Ibraah CarNnuniiy F'und The Fsreaty IXCF~ ~Comnsmay |
&I assay)0) | (15,Cxxy) | |||||||||
| Cvvakameni Fund Tho Prder lierrisenF~ Cenimunr(y Fund Yausr0~Fund TOtal Leree Rerr-dr rang rt |
'I 4 Illa |
Rl,&XXI 'I77(ne |
(59,129) (45.000) 452 |
(5.000) r7 sat |
4.000 | ||||||
| tullcl~ | 4(t).936 | 2 5 | 155124 | 151819 | 199541 | ||||||
| TnrsC Snaier Fhrrsermuah | |||||||||||
| Funds | 6202133 | 351))ID | &988,35tr) | (57,020) | (55.71i) | 205)x)0 | |||||
| Tolsl Grsnlo Rarenue | |||||||||||
| Funda' | 956 0'l9 | 348,882 | 355351 | 174 'l4 |
259,954 | 35D 092 | |||||
| Tele I Funds | 3,59tk529 | 954,t40 | (4,tS@etl | tdttk9557 | 942.rat | 52IL355 | |||||
| Acaued lncame | 14,t82 | 59dXLt | |||||||||
| ibra4ided | |||||||||||
| ckmNhn Srrerrraandr(p | 25)I15 | ( I,MD) | |||||||||
| TDTAL RESTItlcrals PUII178 'Grsrrla Raaenee Funda reason year lar Ipsrds. |
1 Our |
7$$ disldbudana | 3 | 25 irOm 9linked |
959 IS E~I |
151 Fund, skmg |
419 urnn any alber~Sreads |
dursrg are |
| Notaa | tO | COlnnyan@ Ff)4(n(MOn (he Ftf)anO(a( 8(28()rnrerrte f5)rthe |
COlnnyan@ Ff)4(n(MOn (he Ftf)anO(a( 8(28()rnrerrte f5)rthe |
COlnnyan@ Ff)4(n(MOn (he Ftf)anO(a( 8(28()rnrerrte f5)rthe |
COlnnyan@ Ff)4(n(MOn (he Ftf)anO(a( 8(28()rnrerrte f5)rthe |
fOr StfTTIVy YIBBTEnded M |
fOr StfTTIVy YIBBTEnded M |
fOr StfTTIVy YIBBTEnded M |
fOr StfTTIVy YIBBTEnded M |
Nfrrdh 2022 | Nfrrdh 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EIB(l~F(Inde fn gra)IIOI(a year aaatN Nmh 4 BIBTlree Of andavmerrt furidB are Bertie(( |
2fI2f in the |
teb(es below | |||||||||||
| Gerlunr(lannnni | TFBnefer- ~en |
||||||||||||
| 87uneenente | Ta | Tfennrsr— | |||||||||||
| At 'I Aprlt ZPZP 5)annenne |
lees Bru msn. Fees |
Feundnd 8055 4 |
an | wale IT | At 9( March RBZI |
||||||||
| E~ Funde (rfndudlng ~e |
9.352,731 | 1,449,199 | (9.607) | (ISPJKI(53 | T,P)99$0 | ||||||||
| Funds ~I(y First Funds |
I,I)39r970 | (179JIPSI | 9,949948 | ||||||||||
| AtxnAd nmeeenork ~nt fees |
(z31193 | ||||||||||||
| AD$rund Infxrne Ta(ni ~nt FIdrrde |
4,792 (99~ |
(9.60TI | (PDZ.TM) | 4,792 IR,TP9840 |
|||||||||
| eel rrfuwuri urn |
Tmrwfrr | ||||||||||||
| AS | 4( I drrrrd 2lite |
Iounrenoref km sworna. Ioe |
(nsm | IT) | 8 Irfrno 11l |
ofSIa,m | |||||||
| Prru Sisu End rrurrorn Fund |
750,892 | 170.261 | IB.DSII | 93)592 | |||||||||
| Corer)SDDDDrr Gulldfurd fr)newman CwrrnBurn Fund |
293.982 I74.119 |
23,750 | 44r976 RD,D}T |
(713I | (Rr679I 15,245) |
245,182 234538 |
|||||||
| Chlddluglbldrrularrmonerund | IM515 | ~9,352 | (2568) | 22K)ZB | |||||||||
| OnosSornBfraenoon E Drnwrwnl Fund Dernerr Flrln ODID Fodonle fdrrrnrrrl Fund |
~DD,)37 ),478.357 488,851 |
4D, 1.50 39)r245 953142 |
155393 (47.965] 189.)30r |
234,508 ) 73),453 515,444 |
|||||||||
| Eun COun Fund GeBd ford dndawrnwrl romr ldorrooedon Elreprrurwrn Swld |
267.350 262.DDB 111,921 |
118522 '52 7 |
6585e 89,318 32.1?S |
(lel | er.172( (I5,245I (4,5275 |
947,845 429~ 294,8)4 |
|||||||
| ldoslsnnm Crredne 9reluuunrd Fiusl d referred ~nlFund |
r,DXIAID 410179 |
)22.053 45.445 |
(595)1$ )48~ | '1,195AS) 240,735 |
|||||||||
| 1 rrruurrr Euduuweru Fund |
2DD,TRD | 5.149 | 5).DB) | (114) | (25f41 | 284.235 | |||||||
| rfu)n Forrdr Fund Blfrrlo 5fooou Furor 13BBrrlf)81~nl Fund |
669499 216.712 |
157,816 49524 52596 |
(124343 f4.)74] |
836,265 242.)3S 289,728 |
|||||||||
| I'M 835Fund | 421,198 | IMi,952 | (528( | 585,242 | |||||||||
| Orrfef Eorrysnrrdurdl 7nnf Fund |
193,980 | 44529 | R49)I | 23I~,8)6 | |||||||||
| Furor Truol Furur | 247,522 | 51,149 | 292,571 | ||||||||||
| nutulynnee Eudqrurwur Fund |
24D,BBR | 5$.$82 | (4,48 sf | 31~.Bo'I | |||||||||
| tulror Mfroferurunf culm y COrmrurrrtr Fund Buuoy thole Fund |
3$'IAdd 110183 194rode |
'15491 92,623 ~\50) |
(DADSI 292r76) (2,729) |
412ured 495565 135.128 |
|||||||||
| Surrry Iurfrru5mi fmsloynwnr fund TundfdBD Comrmmyrr Durrd TohlS~lturl& rd2952199 Tolrld~ lunds utTDD/89 |
295.314 212,711 8,417,243 2,862,~54 |
575 144~86 dt.TTT |
4)r796 462)se 2BIILFRF 462,358 |
(TJIRI (Iu8983 |
tr43383l 1.13DI IDMII (467W87 |
232443 257,955 rf,fse,DTB 2,4MreBI |
|||||||
| ~1359457 | fns,22r | 8,462 863 | (5.505) | 1 7 66 |