## 

|Contents|Contents|||||||
|---|---|---|---|---|---|---|---|
|Trustees'<br>report for the year ended 5||April|2021||||3-7|
|Statement of trustees'|responsibilities|in respect ofthe Trustees'||Report and the Financial||Statements||
|independent<br>auditor's|report to the trustees||ofThe Liz and Teny|Bramall Foundation|||9-12|
|Statement offinancial|activities (including||income and expenditure||account)||93 - 14|
|Balance sheet|||||||15|
|Cash flow statement|||||||16|
|Notes|||||||17-2S|





|Trustees'|report|||||
|---|---|---|---|---|---|
|Refercncc and administrative|||information|||
|Trustees||||Dr Terence George|Bramall CBE|
|||||Mrs Elizabeth Bramall||
|||||Mrs Suzannah<br>Clare Allard||
|||||Mrs Rebecca Helen|Bletcher|
|||||Mr» Rachel Shu icy|Tututicliffc|
|||||Mr Anthony<br>Richard Sharp||
|Foundation|registered|num|ber|1121670||
|Registered|address|||Eton House||
|||||89Station Parade||
|||||Harrogate||
|||||HG1 1HF||
|Independent|auditor|||Armstrong<br>Watson|Audit Limited|
|||||York House||
|||||Thornfteld<br>Business|Park|
|||||Northellerton||
|||||DL62XQ||
|Bankers||||Handelsbanken||
|||||1Greengate||
|||||Cardale Park||
|||||Harrogate||
|||||HG3 1GY||
|Solicitors||||Raworths<br>LLP||
|||||Eton House||
|||||89 Station Parade||
|||||Harrogste||
|||||HG1 1HF||
|Investment|administrators|||Credit Suisse (UK)|Ltd|
|||||5 Cabot Square||
|||||London, E144QR||
|||||Aberdeen<br>Standard|Capital|
|||||30StMary Axe||
|||||London, EC3A 8EP||
|||||Sarasin<br>dh Partners LLP||
|||||Jason House||
|||||100StPaul's Churchyard||
|||||London, EC4M 8BU||
|||||Cazenove<br>Capital Management||
|||||1 London Wall Place||
|||||London, EC2Y 5AU||





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|Statement|offinancial activities|offinancial activities|offinancial activities||||||
|---|---|---|---|---|---|---|---|---|
|For II&eyear ended 5 &tpe// 202/|||||||||
||||||Unrestricted|Endowment|||
||||||Funds|Funds|Total|Total|
||||||2021|2021|2021|2020|
|||||/Vore||6||f.|
|Income from:|||||||||
|Investments||||2|2,159,144||2,159,144|2,623,380|
|Total|||||2,159,144||2,159,144|2,623,380|
|Expenditure|on:||||||||
|Charitable<br>activities||||3|(5&535&736)|(276,443)|(5,812,179)|(7,733,899)|
|Total|||||(5,535,736)|(276,443)|(5,812,179)|(7,733,899)|
|Net expenditure||before other gains and|||(3,376,592)|(276,443)|(3,653,035)|(5,110,519)|
|losses|||||||||
|Net gains/(losses)<br>on|||investments|||18,464,122|18,464,122|(5,946,075)|
|Realised gains/(loss)|||on currency||360,239||360,239|(249,178)|
|Transfers|||||18,464,122|(18,464,122)|||
|Total|||||18,824&361||IS,SZ4,361|(6,195,253)|
|Net movement||in funds|||15,447,769|(276,443)|15&171426|(11,305,772)|
|Reconciliation||offunds|||||||
|Total funds at|5|April|2020||7422,546|92,158,645|99,6S1,191|110,986,963|
|Total funds at||5April 2021|||22,970,315|91,882&202|114&852,517|99,681,191|





## 

|Comparative|Comparative|Comparative|Statement offina|ncial|activities||||
|---|---|---|---|---|---|---|---|---|
|For the year ended|||5April 2020||||||
||||||Unrestricted|Endowment|||
||||||Funds|Funds|Total|Total|
||||||2020|2020|2020|2019|
|||||/&/ore|8||8||
|Income from:|||||||||
|Investments||||2|2&623@80||2,623,380|2,877,146|
|Total|||||2)623,380||2,623,380|2,877,146|
|Expenditure|on:||||||||
|Charitable<br>activities||||3|(7&335,607)|(398/92)|(7,733,899)|(10,267,140)|
|Total|||||(7,335,607)|(398,292)|(7,733,899)|(10,267,140)|
|Net expenditure||before other gains nnd|||(4,712,227)|(398,292)|(5,110,519)|(7,389,994)|
|losses|||||||||
|Net (losses)/gains|||on investments|6||(5,946,075)|(5,946,075)|5,376,233|
|Realised loss on||currency|||(249)178)|-|(249,178)|(314,336)|
|Transfers|||||(5,946)075)|5)946,075|||
|Total|||||(6,195,253)||(6&195&253)|5,061,897|
|Net movement||in|funds||(10,907,480)|(398,292)|(11,305,772)|(2,328,097)|
|Reconciliation|offunds||||||||
|Total funds at|5|April 2019|||18,430,026|92456&937|110,986,963|113,315,060|
|Total funds at 5April 2020|||||7,522,546|92&158,645|99,681,191|110,986,963|





||||||||The|Lieaud Tarry Brumutt Foundation|Lieaud Tarry Brumutt Foundation|
|---|---|---|---|---|---|---|---|---|---|
||||||||Trustees'|Report|aud Financial<br>Statements|
||||||||||Year ended 5 April 2021|
|Balance sheet||||||||||
|As at5April|202l|||||||||
||||||2021|2021|2020||2020|
|||||Note|5|5||||
|Fixed assets:||||||||||
|Investments||||||9'75626,739|||83,914,042|
|Tangible assets||||||2,083,478|||2,083,478|
|Investment<br>prnperiy||||||10,315,599|||10,315,599|
|||||||1109025,816|||96,313,119|
|Current assets:||||||||||
|Cash atbank||||l2|4,963,878||3,368,523|||
|Debtors due|within||one year|ll|~8025||165456|||
||||||4,971,903||3,533,979|||
|Creditors: amounts|||falling due within|||||||
|one year||||70|(145,202)||(165,907)|||
|Net current|assets|||||4,826,701|||3,368,072|
|Net assets||||||114,S52,517|||99,681,191|
|The funds ofthe foundation:||||||||||
|Endowment|fund|||73||91,882402|||92,158,645|
|Unrestricted|fund|||13||22,970315|||7,522,546|
|Total foundation||funds||||114&852r517|||99,681,191|





|Cash flosv statement||||||
|---|---|---|---|---|---|
|foryear ended 5April 202/||||||
|||||2021|2020|
||||Note|||
|Cash flows from operating|activities|||||
|Net income/(loss)<br>for the reporting<br>period||||15,171426|(I1,305,772)|
|Adjustments<br>for:<br>(Gains)/losses<br>on investments||||(18,464,122)|5,946,075|
|Dividends,<br>interest flom|investments|||(2,159,144)|(2,623,380)|
|Increase/(Decrease)<br>in creditors||||(20,705)|(69$,612)|
|(Increase)/Decrease<br>in debtors||||15'l,431|(143,912)|
|Net cash provided<br>by operating<br>activities||||(5415,214)|(8,825,600)|
|Cash flows from investing|activities|||||
|Dividends,<br>imerest flom|investtnents|||Z,I59,144|2,623,380|
|Net sale ofinvestments||||4,751,425|2,975,617|
|Net cash provided<br>by investing<br>activities||||6,910,569|5,598,997|
|Change<br>in cash and cash|equivalents|in the year||1,595355|(3,226,604)|
|Cash and cash equivalents<br>year|at the beginning ofthe|||3468,523|6,595,127|
|Cash and cash equivalents|at the end|ofthe year||4,963,878|3,368,523|





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|||||2021|2020|
|---|---|---|---|---|---|
|||||8|f.|
|Dividends|gt fixed interest|||1,802,845|2,256,717|
|Rental income||||354,657|354,656|
|Bank and|investment|umnager|interest|1,642|12,007|
|||||2,159,144|2,623,380|





||||||2021|2020|
|---|---|---|---|---|---|---|
|Grants (note||4)|||5,348,515|7,127,985|
|Unpresented||cheque (Beckwithshaw||PCC)||(10,000)|
|Investment|management||costs||276,443|398,292|
|Governance||costs (note|5)||187421|217,622|
||||||5,812,179|7,733,899|



|||2021|
|---|---|---|
|Name ofInstitution||5|
|Adwick Park Community<br>&sports Academies||50,000|
|Ahead Partnership||50,000|
|Airedale<br>Voluntary<br>Drug k.|Alcohol Agency Ltd|5,000|
|Alcohol<br>4'c Drug Service (Hull)||2,000|
|Anneka Needham||500|
|Anthony<br>Nolan||10,000|
|Ark Business Conservation|Ltd|3,000|
|Asperger's<br>Children<br>and Carers Together||5,000|
|Awards for Younp Musicians||5,000|
|Barlby Region Independence|Group Helpers Trust|5,000|
|Bamardo's||10,000|
|Batley Community<br>Outreach|Centre|5,000|
|BD4 Community<br>Trust Ltd||10,000|
|Beacon South Yorkshire Ltd||10,000|
|Beat Autism||2,336|
|Bentley St Peter's PCC||5,000|
|Bierley Community<br>Association||10,000|
|Birk Crag - Girl Guides North Yorkshire||50,000|
|Blue Coat Charitable<br>Donations||5,000|
|Bradford Cathedral||50,000|
|Bradford Central Foodbank||5,000|
|Bridlington<br>Model Boat Society||2,500|
|British Epilepsy Association||5,000|
|Calderdale<br>Smartrnove<br>Ltd||8,500|
|Camphill<br>Village Trust||5,000|
|Canaan House||8,000|
|Canterbury<br>Imagine||1,250|
|Cantores Olicanae||1,000|
|Carers Resource (Autism<br>in|Harrogate)|25,000|






## 

|t.aring for Curare||||5,000|
|---|---|---|---|---|
|Caring for Life||||10,000|
|Castle Hill School Special|||School Fund|2,000|
|Cat Zero||||5,000|
|Children ofHope||||75,000|
|Children ofHope||||4,000|
|Children ofHope||||30,000|
|Children's<br>Heart Surgery||Fund||10,000|
|Christians<br>Against Poverty||||20,000|
|Church Urban Fund||||212,915|
|Church Urban Fund||||207,153|
|Criminion<br>UK||||2,000|
|Diocese ofLeeds Music||||17,000|
|Disability<br>Support Calderdale||||785|
|Douglas Bader Foundation||||5,000|
|Edith Cavell Fund for Nurses||||2,000|
|Endeavour<br>Training|Ltd|||2,500|
|Flourishing<br>Families||||25,000|
|Forget Me Not Trust||||100,000|
|Giving World||||1,000|
|Golf in Society||||5,000|
|Great North Air Ambulance||||5,000|
|Grecvetthorpe<br>C EPrimary|||School|5,000|
|H CJB - UK Ltd (Millside|||Centre- Reach Beyond)|5,000|
|Halle Concerts||||25,000|
|Harrogate<br>(White Rose)||Theatre Trust||10,000|
|Harrogate<br>Choral Society||||11,000|
|Harrogate<br>Homeless|Project|||50,000|
|Harrogste<br>Homeless|Project|||40,000|
|Harrogate<br>Homeless|Project|||10,000|
|Harrogate<br>International||Festival||50,000|
|Harrogate<br>Samaritans||||5,000|
|Harrogate<br>Skills 4 Living||||10,000|
|HealthKickz<br>CIC||||2,225|
|Henshacvs||||5,000|
|Home Start UK||||18,000|
|Hope for Justice||||2,000|
|Horsforth<br>Shed||||4,000|
|Horticap||||10,000|
|Hull Sisters||||5,000|
|Hull Women's<br>Aid||||10,000|
|Imagine IfTheatre Company||||17,550|
|In20ut||||15,000|
|Independence<br>at Home||||10,000|
|Jo's Cervical Cancer|Trust|||5,000|
|Kidz Klub Leeds||||60,000|
|Kirklees Adventure|Trust|||10,000|
|Leeds Art University||||5,000|





## 






|4<br>1'rant|s pay|able|(contin|u|edj||
|---|---|---|---|---|---|---|
|||||||2021|
|Name ofInstitution|||||||
|West Yorkshire|Medic Response||||Team|10,000|
|West Yorkshire|Playhouse|||||200,000|
|Wetherby RU|FC|||||10,000|
|Whizz-Ktdz||||||5,000|
|Willow Tree Conununity|||Primary||School|3,500|
|Winstons<br>Wish||||||5,000|
|Women's Health Matters|||(WHM)||Leeds|5,000|
|Woodmeadow|Trust|||||5,000|
|York Mind||||||10,000|
|York Mystery|Plays|Supporters'||Trust||1.000|
|Yorkshire<br>Children's||Trust||||10,000|
|Yorkshire Historic Churches||||||60,000|
|Yorkshire<br>Sculpture||Park||||100,000|
|Zarach||||||5,000|
|||||||3,348,313|



|||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|
|||||||||8||
||Future commitments|||- within|I year|||2,763,403|1,652,350|
||Future commitments|||-between 2-5 years||||6,234,500|2,246,000|
|||||||||$,997,903|3,898,350|
|5|Governance|||costs||||||
|||||||||2021|2020|
|||||||||8|f.|
||Cost ofproducing||charity accounts, tax returns|||and charity commission|forms|33,000|45,300|
|Audit fees||||||||10,200|9,000|
||Tax advisory|fees||||||52,687|58,988|
||Legal fees|||||||88,971|102,600|
||Other fees|||||||2PG3|1,734|
|||||||||187421|217,622|





||||The Liz aud|Ten v Bramalt|
|---|---|---|---|---|
||||Trustees'<br>Report|and Financial<br>S|
|||||Year ended 5 Ap|
|Notes (contintted)|||||
|6|Investments —securities||||
||||2021|2020f|
||Securities||||
||Investments<br>at market value at beginning ofyear||83,914,042|92,835,734|
||Add:<br>investments<br>purchased<br>in the year||30,445,653|14,958,099|
||Deduct: investments<br>sold in the year (at market|value orcost)|(30,974,146)|(18,915,090)|
||Net gain/(loss)<br>on revaluation||14,241,190|(4,964,701)|
||Investments<br>at market value at end ofyear||97,626,739|83,914,042|
||Proceeds ofinvestments<br>sold in the year||35,197,079|17,933,716|
||Deduct: investments<br>sold in the year (at market|value or cost)|(30,974,147)|(I 8,915,090)|
||Realised gain/(loss)<br>at market value at end ofyear||4,222,932|(981374)|
||lavestments<br>at 5April comprised:||||
||UK fixed interest securities||7,072,512|9,933,001|
||VK equities||7,365,041|7,703,521|
||Investments<br>assets outside the UK||68,345,161|54,279,750|
||Other —hedge funds and alternatives||14,844,025|11,997,770|
||||97,626,739|83,914,042|



|||||UK fixed|UK equities|Investment|Other hedge|Total|
|---|---|---|---|---|---|---|---|---|
|||||iaterest||assets held|funds and||
|||||securities||outside the|alternatives||
|||||||UK|||
|Investments<br>at market||value|at the|9,933,001|7,703,521|54,279,750|11,997,770|83,914,042|
|beginning ofthe|year||||||||
|Add: Investments|purchased||in the year|2,809,064|2,078,637|23,346,608|2,211,344|30,445,653|
|Deduct investments||sold in|the year|(2,890,684)|(2,045,195)|(22,556,674)|(3,481,593)|(30,974,146)|
|Net gain on revaluation||||(2,778,869)|(371,922)|13,275,477|4,116,504|14,241,190|
|||||7s072,512|7s365s041|68s345s161|14s844s025|97,626s739|





## 

## 

|he follo<br>terests|wing<br>holdings<br>represent<br>more than 5%ofthe market value<br> ofthe trust:|ofthe portfolio and are therefore clas|sed as materi|
|---|---|---|---|
|||2021|2020|
|Sarasin|Global Equity Real Return - inc|6.43%|6.10%|
|Sarasin|Globalsar Strategic - Inc|854%|9.05%|
|Sarasin|Global Higher Dividend —Inc|7.76%|6.90%|



## 

## 

|Property|||
|---|---|---|
||2021|'i020|
|||6|
|17Long Meadow, Skipton|231,146|231,146|
|Bramal1 House, Skipton|366,563|366,563|
|Netherside<br>Hall, Nr Skipton|975,673|975,673|
|78 High Street, Harrogate|510,096|510,096|
||2,083,478|2,083,478|





## 

|9|Investment|property|||
|---|---|---|---|---|
||Property||||
||||2021|2020|
||||6|E|
||3 Savile Row, London||10r315,599|10,315,599|
||||I0@15,599|10,315,599|



|The|Trustees have assessed|that there has been|no change in market value ofthe asset in the year.|
|---|---|---|---|
|10|Creditors: amounts|falling due within|one year|



|||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|
|||||||||6||
|Cost ofproducing<br>charity accounts,|||tax returns||and charity commission||forms|8,250|21,000|
|Tax advisory fees||||||||12,574|13,431|
|Accruals - Audit and accountancy|||fees|||||9,600|9,000|
|Accruals —Investment<br>managers'||fees||||||53,471|85,776|
|Accruals —Donations<br>made||||||||56,000|36,700|
|Savile Row —overdistributcd|rents|||||||5,307||
|||||||||145402|165,907|
|11<br>Debtors: amounts|receivable|||due|within|one year||||
|||||||||2021|2020|
|||||||||5||
|Monies held on deposit account|||||||||154,134|
|Unpresented<br>income||||||||8,025|3,204|
|Savile Row —accrued rents|||||||||8,118|
|||||||||8,025|165,456|





## 

|Analysis o|fnet cash funds|||
|---|---|---|---|
|||2021|2020f|
|Cash at bank||1,585,759|1,275,097|
|Cash at investment|managers|3,378,119|2.093,426|
|Net cash funds||4,963,878|3,368,523|



## 

|The reserve|s ofthe charity|can b|e allocated t|o net a|ssets a|s follows:|||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||Expendable|Unrestricted|Total||Total|
|||||||endowment|||||
|||||||2021||2021||20/0|
|||||||8||8|||
|investments|- securities|||||83,637,599|13,989,140|97,626,739||83,914,042|
|Tangtlrle|fixed<br>assets|and|programme||||2,083,479|2,083,479||2,083,479|
|investments|||||||||||
|Investment|property|||||8,244,603|2,070,995|10,315,598||10,31S,598|
|Cash atbank and in hand|||||||4,963,878|4,963,878||3,36S,523|
|Other net current assets|||||||(137,17'I)|(137,177)||(451)|
|||||||91,882,202|22,970415|114,852,5]7||99,681,191|
|KI8,464,122has been transferred|||to the expendable||endowment<br>fund||I'rom unrestricted|funds in the year.||This amount|
|relates to the total realised||and|unrealised|losses|arising|on fixed asset investments.||The transfer|has|been made<br>in|
|accordance|with the agreement<br>reached with|||the trustees.|||||||
|In the prior|year the allocation ofreserves to|||net assets was as follows:|||||||
|||||||Expendable|Unrestricted|Total||Total|
|||||||endowment|||||
|||||||2020|2020|2020||2019|
|||||||f.||4|||
|Investments|-securities|||||83,914,042||83,914,042||92,835,734|
|Tangible|fixed<br>assets|and|programme|||8444,603|4,154&474|12499,077||12,399,077|
|investments|||||||||||
|Cash atbank and in hand|||||||3,368,523|3,368,523||6,595,127|
|Other net current assets|||||||(451)|(451)||(842,975)|
|||||||92,158&645|7&522,546|99,681,191||110,986,963|





##