## ||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| ##