##
##
|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||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||CfJ|1||||||'C|CC||||
||||||||||||||$A||||Cl
CC|
||||||||||||||||CC|||
||r|f.||||||||||||||||
|||||||||||||CC||||||
|||||g||CC||||||||||Cl
I||
||||I-|||||||||||||||
|00||||||||||||||||||
|e||||||||R|~,|,||||||||
|||||hl|N|CI||~D|V||CIe|||||||
||||I
I|vs|o
~D|g|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||I-|||||||||||||||
||K||||||||||||||||
||)|I)(|||||||||||||||
||||||8|R||||I|||||||
||j3||||||||||||||||
|||||||A|P||m||||||||
|||||||CR|||||||||||
|||Jjs|||||||Cv||||||5||
||||4P|P
I||||I
CV|a|e|||||||
|D|||||||||||||||||
|||||Cl||ay|a||||X||||||
|||||||||||||||'P|||
||||IO|at||a||||gg|||||||
|||||||||||||||8|||
||||||||||||||||k2||
|||g|a|g||d5|||At||||||||
|||Cy|||||||||||||||
||||||8||||||||||||
|||||||p|||||||||||
||||||~|s$ F|~I
ES||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|