OpenCharities

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2022-01-31-accounts

Names ofthe trust ees for the charity,
 ifany, (forexample,
any custodia		 n tr
Name Dates acted ifnot for whole ear
Names and addresses ofadvisers (Optional information)
T eofadviser Name Address

ription ofthe charity's trust s
Type ofgoverning
document		 Trust Deed
(eg. trust deed, constitution)
How the charity is constituted Trust
(eg. trust. associatIon
company)
Trustee selection methods Elected by trustees
(eg. appointed
by, elected by)

~
Summary ofthe main
achievements
ofthe charity
during
the		 year

During the year to 3 1"January 202 2, the following
have received grants ofE10,000 or m		 ore:
GEST Named
donor to fund a specific scholar		 E10,000
RNLI ALC apprentice
scheme —single apprentice		 E9,515
Future Gardeners Participants
up to 25years old		 E10,000
XLP Ready for Work project E50,000
Treloar Trust Outdoor Learning Centre E10,000
Prisoners'
Education		 Trust Distance learning
for under 25year olds		 E10,000
Saddlers'
Company		 Charitable Fund Walsall Leather Skills Centre E10,000
Sylva Wood School E10,000
Hugh Westwood
Educational		 Trust Unrestricted E10,000
Ruskin Mill College Wool Barn
I earning Area		 E10,000
Trinity Winchester SKILLprogramme E50,000
Ebony Horse Club RIDE programme E10,000
King's College London Extended
Medical Degree Programme		 E38,000
The Roberts Centre BOOST programme E25000
E262,515
Having relatively
few beneficiaries,		 a trustee has been nominated
to be the point ofcontact with each.
The trustees
thus tend to be		 invited by 'their'
beneficiary
to attend special events or briefings.
Their
reports are then circulated.

As part of an audit
in accordance
with ISAs (UK), we exercise professional
judgment
and maintain
professional
scepticism throughout
the audit. We also:
Identify and assess the risks of material
misstatement
ofthe financial
statements,
whether
due to
fraud or error, design
and
perform
audit procedures
responsive
to those
risks, and obtain
audit
evidence that issufficient and appropriate
to provide a basis for our opinion. The risk ofnot detecting
a material
misstatement
resulting
from fraud is higher than for one resulting
from error, as fraud may
involve
collusion,
forgery,
intentional
omissions,
misrepresentations,
or the override
of internal
control.
Obtain an understanding
of internal
control relevant to the audit
in order to design audit procedures
that are appropriate
in the circumstances,
but not for the purpose
of expressing
an opinion on the
effectiveness
ofthe charity's
internal
control.
Evaluate
the appropriateness
of accounting
policies used and the reasonableness
of accounting
estimates
and related disclosures
made by the trustees
Conclude on the appropriateness
ofthe trustees' use ofthe going concern basis ofaccounting
and,
based on the audit evidence
obtained,
whether a material
uncertainty
exists related to events or
conditions
that may cast significant
doubt on the charity's
ability to continue as a going concern.
If
we conclude
that a material
uncertainty
exists, we are required
to draw attention
in our auditor's
report to the related disclosures
in the financial statements
or, ifsuch disclosures are inadequate,
to
modify our opinion. Our conclusions
are based on the audit evidence obtained
up to the date ofour
auditor's
report. However,
future events or conditions
may cause the charity tocease to continue as
a going concern.
Evaluate the overall
presentation,
structure
and content of the financial
statements,
including
the
disclosures,
and whether
the financial statements
represent
the underlying
transactions
and events
in a manner that achieves fair presentation.
Obtain
sufficient
appropriate
audit evidence
regarding
the financial
information
of the entities
or
business
activities
within
the charity
to express
an opinion
on the financial
statements.
We are
responsible
for the direction,
supervision
and performance
ofthe charity's
audit. We remain solely
responsible
for our audit opinion.
We communicate
with those charged
with governance
regarding,
among
other matters,
the planned
scope and
timing of the audit and significant
audit findings,
including
any significant
deficiencies
in internal
control that we
identify during our audit.

tatement of Financial Act ivities
Notes Yearto 31/01/22 Year to
Incoming Resources (6) 31/01/21 (8)
Donations
and legacies		 9,709,619
Investments 222,614 4,879
Total 9,932,233 4,879
Resources Expended
Raising funds 47,023 1,287
Charitable
activities		 281,449 10,692
Other 2,500
Total 330,972 11,979
Net income/(expendiIture) before investment 9,601,261 (7,100)
gains/(losses)
Net gains/(losses)
on investments		 277,989 (2,575)
Net income/(expenditure) 9,&79,250 (9,675)
Net movement
in funds		 9,879,250 (9,675)
Reconciliation
offunds
Total funds brought
forward		 175,013 184,688
Total funds carried forward 10,054,262 175,013

alance Sheet
Notes Unrestricted Unrestricted
funda 31/01/22 funda
(8) 31/01/21 (6)
Fixed assets
Investments 9,980,908 174,651
Total fixed assets 9,980,908 174,651
Current assets
Accrued income 10,586
Cash at band and in hand 73,638 5,720
Total current assets 84,224 5,720
Creditors: amounts falling due within one year 7 (10,870) (5,358)
Net current assets 73,354 362
Total assets less current liabilities 10,054,262 175,013
Total net assets 10,054,262 175,013
Funds ofthe Charity
Totalfunds 10,054,262 175,013

Statement ofCash Flows
Year to Year to
31/01/22 (8) 31/01/21 (6)
Cash flows from operating activities
Net cash provided
by (used in) operating		 activities 9,384,160 (8,960)
Cash flows from investing activities
Dividends 212,027 4,878
Proceeds from sale of investments 220,458 7,746
Purchase of investments (9,748,724) (17,126)
Net cash provided
by (used in) investing		 activities (9,316,242) (4,501)
Change in cash and cash equivalents in the reporting 67,9184 (13,461)
period
Cash and cash equivalents at the beginning ofthe reporting 5,720 19,181
period
Cash and cash equivalents at the end of the reporting 73,638 5,720
period
Reconciliation ofnet income/(expenditure) to net cash flow from operating
activities
Reconciliation ofnet income/(expenditure) to net cash flow fr om operating
activit		 ies
Yearto Yearto
Net income/(expenditure)
for the reporting
per the statement
offinancial activities)		 period (as 31/01/22 (6)
9,879,250		 31/01/21 (8)
(9,675)
Adjustments
for:
(Gains)/losses
on investments		 (277,989) 2,575
Dividends
and interest from investments		 (212,027) (4,878)
(Increase) in debtors (10,588)
Increase
in creditors		 5,512 3,018
Net cash provided
by (used in) operating		 activities 9,384,160 (8,960)

2.Incoming resources
Yearto Yearto
31/01/22 (6) 31/01/21 (6)
Donations
and		 Legacies 9,709,619
legacies
Investments Interest income 1 1
Dividend income 222,613 4,878
Total 222,614 4,879
3.Resources expended
Vearto Year to
31/01/22 (6) 31/01/21 (6)
Expenditure
on raising funds
Investment
management		 costs 41,873 1,287
Investment
administration		 costs 20
Incurred
obtaining
legacy		 5,130
Total expenditure
on raising funds		 47,023 1,287
Expenditure
on charitable
activities
Grants made 265,015 5,532
Governance
and support		 costs 16,434 5,160
Total expenditure
on charitable		 activities 281,449 10,692
Other expenditure
Statutory audit fees 2,500
Total other expenditure 2,500

All fixed asset investments ar e listed investments
Year to Year to
31/01/22 (F) 31/01/21 (6)
Fair value at beginning of period 174,651 167,647
Additions 9,748,724 17,126
Disposals (220,456) (7,746
Net gain/(loss) 277,989 (2,575)
Fair value at end ofyear 9,980,908 174,651
6.Cash at bank and in hand
31/01/22 (6) 31/01/21 (6)
Short term deposits 82,010 1,510
Current account 2,578 2,263
Cash on hand at investment manager (10,950) 1,947
Total cash at bank and on hand 73,638 5,720
7.Creditors: amounts falling due within one year
31/01/22 (6) 31/01/21 (6)
Accruals 10,870 5,358
Total creditors falling due within one year 10,870 5,358