**Charity number: 1130704**
## **THE BLUE THREAD**
## **UNAUDITED**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 5 APRIL 2021**
## **THE BLUE THREAD**
|**CONTENTS**||
|---|---|
||Page|
|**Reference and administrative details of the charity, its Trustees and advisers**|1|
|**Trustees' report**|2 - 3|
|**Independent examiner's report**|4|
|**Statement of financial activities**|5|
|**Balance sheet**|6|
|**Statement of cash flows**|7|
|**Notes to the financial statements**|8 - 19|
**THE BLUE THREAD**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2021**
## **Trustees**
Stephen Grabiner Miriam Grabiner Daniel Grabiner Sarah Grabiner Joseph Grabiner
**Charity registered number** 1130704 **Principal office** 17 Portland Place London W1B 1PU **Accountants** Berg Kaprow Lewis LLP Chartered Accountants 35 Ballards Lane London N3 1XW
Page 1
## **THE BLUE THREAD**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 5 APRIL 2021**
The Trustees present their annual report together with the financial statements of the Charity for the 6 April 2020 to 5 April 2021.
## **Objectives and activities**
## **a. Policies and objectives**
The objectives of the trust are to apply its income towards donations to charitable bodies at the discretion of the trustees.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
## **Achievements and performance**
## **a. Main achievements of the charity**
The charity made grants to various bodies in the period, totalling £379,821 (2020 - £306,941). These grants were all for charitable purposes and the trustees paid due regard to the the guidance from the Charities Commission on public benefit in deciding what grants the charity should make.
## **Financial review**
## **a. Going concern**
The Charity has minimal fixed costs, with the main source of expenditure being grants made to institutions which can be made at the discretion of the Trustees. Furthermore, the Charity had a healthy cash balance at the year end. The Trustees therefore consider that based on the circumstances existing at the date of signature of the accounts the operations of the charity are not likely to be affected in a material manner by the current Coronavirus outbreak.
## **b. Reserves policy**
During the year, the charity significantly increased its reserves which will help to facilate future charitable grants to be paid.
At the year end, the charity held £707,390 (2020 - £264,240) in reserves, of which £698,024 (2020 - £254,875) are unrestricted reserves. This allows the charity to continue its program of grant making into future years.
## **Structure, governance and management**
## **a. Constitution**
The trust is an unincorporated trust, constituted under a trust deed dated 22 June 2009. It became a registered charity (number 1130704) on 23 July 2009.
## **b. Methods of appointment or election of Trustees**
New trustees are appointed by the existing trustees when considered appropriate and given training as necessary.
## **c. Risk management**
The Trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems are in place to protect the charity's assets.
## **Plans for future periods**
The charity hopes to continue to receive donations and make grants to other bodies for charitable purposes for the foreseeable future.
Page 2
## **THE BLUE THREAD**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021**
## **Statement of Trustees' responsibilities**
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
Stephen Grabiner Trustee 20/12/2021 Date:
## Miriam Grabiner
Miriam Grabiner Trustee 21/12/2021 Date:
Page 3
## **THE BLUE THREAD**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 5 APRIL 2021**
## **Independent examiner's report to the Trustees of The Blue Thread ('the charity')**
I report to the charity Trustees on my examination of the accounts of the charity for the year ended 5 April 2021.
## **Responsibilities and basis of report**
As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.
Your attention is drawn to the fact that the charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report.
Ian Saunderson
21/12/2021
Signed:
Dated:
Ian Saunderson FCA
Berg Kaprow Lewis LLP Chartered Accountants London
Page 4
## **THE BLUE THREAD**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2021**
|**Note**
**Income from:**
Donations and legacies
2
Investments
3
**Total income**
**Expenditure on:**
Raising funds
Charitable activities
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2021**
**£**
**917,250**
**65**
**917,315**
**581**
**473,584**
**474,165**
**443,150**
**254,875**
**443,150**
**698,025**|**Restricted**
**funds**
**2021**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**9,365**
**-**
**9,365**|**Total**
**funds**
**2021**
**£**
**917,250**
**65**
**917,315**
**581**
**473,584**
**474,165**
**443,150**
**264,240**
**443,150**
**707,390**|_Total_
_funds_
_2020_
_£_
_218,882_
_336_
_219,218_
_-_
_319,765_
_319,765_
_(100,547)_
_364,787_
_(100,547)_
_264,240_|
|---|---|---|---|---|
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 8 to 19 form part of these financial statements.
Page 5
## **THE BLUE THREAD**
## **BALANCE SHEET AS AT 5 APRIL 2021**
|**Note**
**Current assets**
Debtors
9
Cash at bank and in hand
Creditors: amounts falling due within one
year
10
**Net current assets**
**Total assets less current liabilities**
**Total net assets**
**Charity funds**
Restricted funds
11
Unrestricted funds
11
**Total funds**|**25,000**
**684,489**
**709,489**
**(2,100)**|**2021**
**£**
**707,389**
**707,389**
**707,389**
**9,365**
**698,024**
**707,389**|_93,405_
_183,528_
_276,933_
_(12,693)_|_2020_
_£_
_264,240_|
|---|---|---|---|---|
|||||_264,240_|
||||||
|||||_264,240_|
|||||_9,365_
_254,875_|
||||||
|||||_264,240_|
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
Stephen Grabiner Trustee Date: 20/12/2021
Miriam Grabiner Trustee Date: 21/12/2021
## Miriam Grabiner
The notes on pages 8 to 19 form part of these financial statements.
Page 6
## **THE BLUE THREAD**
## **STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 5 APRIL 2021**
|**Cash flows from operating activities**
Net cash used in operating activities
**Cash flows from investing activities**
Dividends, interests and rents from investments
**Net cash used in investing activities**
**Cash flows from financing activities**
**Net cash provided by financing activities**
**Change in cash and cash equivalents in the year**
Cash and cash equivalents at the beginning of the year
**Cash and cash equivalents at the end of the year**
The notes on pages 8 to 19 form part of these financial statements|**2021**
**£**
**501,026**
**(65)**
**(65)**
**-**
**500,961**
**183,528**
**684,489**|_2020_
_£_
_(32,272)_
_(336)_
**(336)**
**-**
**(32,608)**
_216,136_
_183,528_|
|---|---|---|
Page 7
**THE BLUE THREAD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021**
## **1. Accounting policies**
## **1.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The Blue Thread meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## **1.2 Going concern**
The Charity has minimal fixed costs, with the main source of expenditure being grants made to institutions which can be made at the discretion of the Trustees. Furthermore, the Charity had a healthy cash balance at the year end. The Trustees therefore consider that based on the circumstances existing at the date of signature of the accounts the operations of the charity are not likely to be affected in a material manner by the current Coronavirus outbreak.
## **1.3 Income**
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
## **1.4 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
Page 8
**THE BLUE THREAD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021**
## **1. Accounting policies (continued)**
## **1.5 Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
## **1.6 Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **1.7 Cash at bank and in hand**
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **1.8 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
## **1.9 Financial instruments**
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **1.10 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Page 9
## **THE BLUE THREAD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021**
## **2. Income from donations and legacies**
|**Unrestricted**
**funds**
**2020**
**Restricted**
**funds**
**2020**
**£**
**£**
Donations
917,250
-
_Unrestricted_
_funds_
_2019_
_Restricted_
_funds_
_2019_
_£_
_£_
Donations
_196,841_
_22,041_
**3.**
**Investment income**
**Unrestricted**
**funds**
**2021**
**£**
Bank interest receivable
65
_Unrestricted_
_funds_
_2020_
_£_
Investment income - local cash
_336_
**4.**
**Analysis of grants**
**Grants to**
**Institutions**
**2021**
**£**
Grants to Institutions
379,821|**Total**
**funds**
**2020**
**£**
**917,250**|
|---|---|
||_Total_
_funds_
_2019_
_£_
_218,882_|
||**Total**
**funds**
**2021**
**£**
**65**|
||_Total_
_funds_
_2020_
_£_
_336_|
||**Total**
**funds**
**2021**
**£**
**379,821**|
Page 10
## **THE BLUE THREAD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021**
## **4. Analysis of grants (continued)**
||_Grants to_|_Total_|
|---|---|---|
||_Institutions_|_funds_|
||_2020_|_2020_|
||_£_|_£_|
|Grants to Institutions|_306,941_|_306,941_|
The charity has taken the statutory exemption under Charity law from disclosing the names of grant recipients during the lifetime of the settlor of the trust.
## **Analysis of Grant Expenditure**
|Community
Healthcare
Peace and dialogue
Welfare
Education
Miscellaneous
Women
Environment
Refugee
Covid|**2021**
**£**
**62,034**
**12,608**
**32,600**
**29,765**
**65,565**
**16,798**
**77,500**
**-**
**82,951**
**-**
**379,821**|_2020_
_£_
_153,676_
_51,230_
_21,768_
_-_
_24,787_
_880_
_5,600_
_3,000_
_22,250_
_23,750_|
|---|---|---|
|||_306,941_|
## **5. Analysis of expenditure by activities**
|**Grant**
**funding of**
**activities**
**2021**
**£**
-
379,821
379,821|**Support**
**costs**
**2021**
**£**
93,763
-
93,763|**Total**
**funds**
**2021**
**£**
**93,763**
**379,821**|
|---|---|---|
|||**473,584**|
Page 11
## **THE BLUE THREAD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021**
## **5. Analysis of expenditure by activities (continued)**
|_Grant_
_funding of_
_activities_
_2020_
_£_
_-_
_306,941_
_306,941_|_Support_
_costs_
_2020_
_£_
_12,824_
_-_
_12,824_|_Total_
_funds_
_2020_
_£_
_12,824_
_306,941_|
|---|---|---|
|||_319,765_|
## **Analysis of support costs**
|Staff costs
Bank Fees
Governance costs
Staff costs
Bank fees
Governance costs|**Activities**
**2021**
**£**
91,605
58
2,100
93,763
_Activities_
_2020_
_£_
_10,623_
_161_
_2,040_
_12,824_|**Total**
**funds**
**2021**
**£**
**91,605**
**58**
**2,100**|
|---|---|---|
|||**93,763**|
|||_Total_
_funds_
_2020_
_£_
_10,623_
_161_
_2,040_|
|||_12,824_|
Page 12
## **THE BLUE THREAD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021**
## **6. Independent examiner's remuneration**
The Independent Examiner's remuneration amounts to an Independent Examination fee of £2,100 (2020: £2,040) in respect of the examination and preparation of the accounts.
## **7. Staff costs**
|Wages and salaries
Social security costs
Contribution to defined contribution pension schemes|**2021**
**£**
**76,151**
**9,296**
**6,158**
**91,605**|_2020_
_£_
_9,253_
_1,078_
_292_|
|---|---|---|
||||
|||_10,623_|
The average number of persons employed by the charity during the year was as follows:
|**2021**|_2020_|
|---|---|
|**No.**|_No._|
|**1**|_1_|
The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:
|||**2021**|_2020_|
|---|---|---|---|
|||**No.**|_No._|
|In the band £70,001|- £80,000|**1**|_-_|
Page 13
## **THE BLUE THREAD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021**
## **8. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits _(2020 - £NIL)_ .
During the year, no Trustees received any benefits in kind (2020 - £NIL)
During the year ended 5 April 2021, no Trustee expenses have been incurred _(2020 - £NIL)_ .
## **9. Debtors**
|**Due within one year**
Other debtors
Gift Aid debtor|**2021**
**£**
**-**
**25,000**
**25,000**|_2020_
_£_
_23,500_
_69,905_|
|---|---|---|
||||
|||_93,405_|
## **10. Creditors: Amounts falling due within one year**
|Other creditors
Accruals and deferred income|**2021**
**£**
**-**
**2,100**
**2,100**|_2020_
_£_
_10,653_
_2,040_|
|---|---|---|
||||
|||_12,693_|
Page 14
## **THE BLUE THREAD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021**
|**11.**
**Statement of funds**
**Statement of funds - current year**
**Unrestricted funds**
General Funds - all funds
**Restricted funds**
Jewish Action on Climate Change Fund
**Total of funds**|**Balance at 6**
**April 2020**
**£**
**254,875**
**9,365**
**264,240**|**Income**
**£**
**917,314**
**-**
**917,314**|**Expenditure**
**£**
**(474,165)**
**-**
**(474,165)**|**Balance at 5**
**April 2021**
**£**
**698,024**|
|---|---|---|---|---|
|||||**9,365**|
|||||**707,389**|
Page 15
## **THE BLUE THREAD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021**
## **11. Statement of funds (continued)**
## **Statement of funds - prior year**
|**Unrestricted funds**
General Funds - all funds
**Restricted funds**
Jewish Action on Climate Change Fund
Shema Fund
Mikveh Fund
**Total of funds**
**Summary of funds**
**Summary of funds - current year**
General funds
Restricted funds|_Balance at_
_6 April 2019_
_£_
_355,422_
_9,365_
_-_
_-_
_9,365_
_364,787_
**Balance at 6**
**April 2020**
**£**
**254,875**
**9,365**
**264,240**|_Income_
_£_
_197,177_
_-_
_10,540_
_11,501_
_22,041_
_22,041_
**Income**
**£**
**917,314**
**-**
**917,314**|_Expenditure_
_£_
_(297,724)_
_-_
_(10,540)_
_(11,501)_
_(22,041)_
_(319,765)_
**Expenditure**
**£**
**(474,165)**
**-**
**(474,165)**|_Balance at_
_5 April 2020_
_£_
_254,875_|
|---|---|---|---|---|
|||||_9,365_
_-_
_-_|
|||||_9,365_|
|||||_264,240_|
|||||**Balance at 5**
**April 2021**
**£**
**698,024**
**9,365**|
|||||**707,389**|
## **12. Summary of funds**
Page 16
## **THE BLUE THREAD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021**
## **12. Summary of funds (continued)**
## **Summary of funds - prior year**
|General funds
Restricted funds|_Balance at_
_6 April 2019_
_£_
_355,422_
_9,365_
_364,787_|_Income_
_£_
_197,177_
_22,041_
_219,218_|_Expenditure_
_£_
_(297,724)_
_(22,041)_
_(319,765)_|_Balance at_
_5 April 2020_
_£_
_254,875_
_9,365_|
|---|---|---|---|---|
|||||_264,240_|
## **13. Analysis of net assets between funds**
## **Analysis of net assets between funds - current year**
|**Unrestricted**
**funds**
**2021**
**£**
Current assets
700,124
Creditors due within one year
(2,100)
**Total**
698,024
**Analysis of net assets between funds - prior year**
_Unrestricted_
_funds_
_2020_
_£_
Current assets
_267,568_
Creditors due within one year
_(12,693)_
**Total**
_254,875_|**Restricted**
**funds**
**2021**
**£**
9,365
-
9,365
_Restricted_
_funds_
_2020_
_£_
_9,365_
_-_
_9,365_|**Total**
**funds**
**2021**
**£**
**709,489**
**(2,100)**|
|---|---|---|
|||**707,389**|
|||_Total_
_funds_
_2020_
_£_
_276,933_
_(12,693)_|
|||_264,240_|
Page 17
**THE BLUE THREAD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021**
## **14. Reconciliation of net movement in funds to net cash flow from operating activities**
|Net income/expenditure for the year (as per Statement
Activities)
**Adjustments for:**
Dividends, interests and rents from investments
Decrease in debtors
Increase/(decrease) in creditors
**Net cash provided by/(used in) operating activities**
**15.**
**Analysis of cash and cash equivalents**
Cash in hand
**Total cash and cash equivalents**
**16.**
**Analysis of changes in net debt**
Cash at bank and in hand|of Financial
**At 6 April**
**2020**
**£**
**183,528**
**183,528**|**2021**
**£**
**443,150**
**65**
**68,405**
**(10,594)**
**501,026**
**2021**
**£**
**684,489**
**684,489**
**Cash flows**
**£**
**500,961**
**500,961**|_2020_
_£_
_(100,547)_
_336_
_57,686_
_10,253_
_(32,272)_
_2020_
_£_
_183,528_
_183,528_
**At 5 April**
**2021**
**£**
**684,489**
**684,489**|
|---|---|---|---|
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## **THE BLUE THREAD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021**
## **17. Related party transactions**
During the year, the Trustees donated £308,103 (2020: £160,000) to the charity.
During the year, Grabiner Management Company Ltd, a company whose directors are also Trustees of the charity, recharged payroll costs of £91,606 (2020: £10,624).
During the year, 250,000 quoted shares were gifted to the charity by a Trustee and by the Stephen Grabiner Children's Trust, whose beneficiaries are also Trustees of the charity. These were subsequently sold on the London Stock Exchange for £533,790.
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