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2022-03-31-accounts

F

The John Mason Family Trust

Report and Financial Statements

Year ended: 31 March 2022

The John Mason Family Trust is registered as a charity in England and Wales with The Charity Commission (number 1136856)

The John Mason Family Trust

Reference and administrative information

Trustees

J P Mason (Chair) J L Mason (Secretary) K E Mason (from March 2022) R K Mason (from March 2022) R J Gates

Principal Office

Aaron & Partners Grosvenor Court Foregate Street CHESTER CH1 1HG

Charity Number

1136856

Independent examiner

Mr Alan Stott 59 Grappenhall Road Stockton Heath Warrington Cheshire WA4 2AR

Bank

HSBC

Investment Management

CCLA

Solicitors

Aaron & Partners LLP

ii

The John Mason Family Trust

Report of the Trustees for the year ended 31[st] March 2022

The Trustees present their annual report and financial statements of the charity for the year ended 31st March 2022. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s Trust Deed, the Charities Act 2011 and 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 published on 16 July 2014.

Structure, governance and management

The Trust is a registered charity, number 1136856, and is constituted under a Trust Deed dated 8 July 2010. It was endowed by a founding gift and this endowment remains its principal source of income. The Trust does not actively raise funds, but seeks to continue the charitable work desired by the donor through the careful stewardship of its existing resources.

New trustees may be appointed by the existing trustees. The Trust Deed provides for a minimum of two trustees but does not impose any time limits on the period for which trustees can serve. It is the policy that any new trustees should be provided with appropriate background material concerning the Trust and the requirements of being a trustee. The Trustees appoint their Chair.

The Trustees aim to meet on a quarterly basis to consider grant-making, investment strategy, reserves and risk management policies and performance but in recent years it has tended to be less frequent. They met just twice in the period covered by this Report. The day-to-day administration of grants and the processing and handling of applications is carried out by the Trustees themselves and if needed by the Trust’s solicitors.

All Trustees give of their time freely.

Risk Management

The Trustees have considered the major risks to which the charity is exposed and have reviewed those risks and established policies and systems to manage them. They consider the variability of investment returns on the endowment to be the charity’s major financial risk, and have managed this by investing in a range of funds with different underlying asset classes (equities, bonds and property) operating in different geographical markets.

To ensure that beneficial grants are made, standard information is sought from applicants to confirm that the proposed use of funds is in alignment with the charity’s objects. Applications from organisations with a good track record of applying funds are favoured.

Objectives and activities for the public benefit

The objects of the Trust are:

  1. To prevent or relieve poverty or financial hardship, with particular emphasis on socially and economically disadvantaged communities in the UK North West, by providing grants to organisations that assist with education, training and other forms of support needed for the generation of sustainable income and self-sufficiency.

  2. To prevent or improve the treatment of mental or physical illness through public education and, by conducting research, to improve the effectiveness of public

iii

The John Mason Family Trust

education in preventing illness and in improving potential outcomes through early diagnosis.

  1. (a) To further the religious and other charitable works of the Church of England for the benefit of the public particularly, but not exclusively, in the Diocese of Chester.

  2. (b) To support organisations that promote religious harmony.

The Trust acts for the public benefit by providing grants to community groups and other charitable organisations which arrange projects and provide services directed towards alleviating social conditions that can lead to, or be caused by, poverty and by providing facilities that enable those in poverty and financial hardship to receive services. The provision of such grants benefits the individuals who are able to access those projects and services.

The Trust also provides grants to organisations that: (i) work to prevent mental or physical illness through education of the public in measures to diagnose illness, or by raising awareness of the symptoms and effects of different illnesses; and (ii) conduct research that aims to improve the effectiveness of public education and awareness-raising in the prevention of illness.

The public benefit as they are better informed about illness and will be able to recognise and respond accordingly to symptoms. The public also benefit from research which enables individuals to become more aware about illness and its prevention.

The Trust provides grants to the Church of England to encourage and facilitate its followers' religious practice, to raise awareness and understanding, and to support missionary and outreach work. The Trust also supports groups that promote religious harmony by (a) increasing understanding and respect of the beliefs and practices of different religious faiths; (b) building connections between people of different ethnic, religious and cultural backgrounds; and (c) supporting faith-based community activities that break down barriers caused by economic or social deprivation. The Trust benefits the members of the public who follow the teachings of the Church of England by supporting them in their religious practice. The wider public benefits from donations to groups that support wider community religious cohesion.

The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Trust’s aims and objectives and in planning future activities and setting grant-making policy.

Grant-making policy

The Trustees receive unsolicited applications and these are generally considered at scheduled meetings of the Trustees. Site visits and additional enquiries are made in support of applications where appropriate. The Trustees aim to consider grant awards at their periodic meetings, but will occasionally agree or reject applications for grants between scheduled meetings (particularly when it is clear the applications are for purposes that fall outside the objects of the Trust). The applications that are received are normally from other registered charities that are performing for the public benefit. In response, the Trust offers grants, sometimes conditional on the success of particular projects. The Trust particularly favours the making of grants for specific projects to medium-sized charities (those with income up to about £2m) .

The Trustees also pursue a proactive approach, identifying and evaluating specific charities that might promote the Trust’s objects most effectively including those that have a closer

iv

The John Mason Family Trust

geographical proximity that makes evaluation and monitoring easier. This approach is intended also to help the Trustees to fulfil their policy of providing about 50% of their grantgiving in support of their first object and 25% in support of each of the other two.

In 2013-14 the Trustees introduced a policy of restricting funding of UK charities that operate overseas to just three or four different charities for a period of two or three years. However, the Trustees do not currently have such a three-year cycle in operation. The Trustees are considering whether to review this policy due to difficulties in evaluating the impact of giving towards international projects and of being able to determine genuine needs.

The tendency to provide follow-on grants to organisations that still required funds and had demonstrated good use of funds previously awarded to them by the Trust has been continued.

Review of achievements

Governance

The existing trustees were delighted that two new trustees, Rebecca Mason and Kirsty Mason were appointed at the end of the reporting period. In accordance with the terms of the Trust Deed, they were each provided with background information about the Trust and its operation. They will continue to receive any necessary training as their roles evolve. These additions mean that the next generation of the Mason family is now involved with the governance of the Trust, and we look forward to the contributions, youthful enthusiasm and new insights that they will be able to bring.

Grant-making

In the period covered by this report the Trustees met on two occasions. The second of these, involving the new trustees was a “hybrid” meeting using zoom for those who were unable to attend in person. At those meetings (and through additional decisions made between meetings), the Trustees approved grants totalling around £42k to 10 different charities. This was the same total of grants as last year (although on that occasion it was to just 5 different charities).

In relation to Object 1 a total of £28k was given in support of three charities working in the areas of alleviating poverty through food banks, debt counselling and other self-sustaining assistance, and in support of disadvantaged women from ethnic minorities.

In relation to Object 2 a total of just over £2k was given to assist with awareness-raising of the occurrence of oesophageal cancer. This represents an on-going commitment to provide support in this area through the Oesophageal Patients Association . There were also grants to charities assisting with education regarding eating disorders (£4k), and awareness of women’s health issues (£3k).

In relation to Object 3 a total of nearly £3k was awarded to assist with charitable church youth work, and two separate awards totalling £3k were made to charities working towards improved inter-faith dialogue .

Monitoring

When grants are made, Trustees usually invite feedback on the use of their funds. The Trustees have been encouraged by the number of charities who have provided timely reports on the effectiveness of work undertaken with the assistance of grants from the Trust. This

v

The John Mason Family Trust

has allowed more informed judgements to be made, particularly over the award of “follow-on” grants.

The Trustees also like to visit projects to see progress where this is possible and appropriate although it was not possible for any such visits to take place during this reporting year.

Financial review

The Trust’s work is almost entirely reliant on income from its founding endowment. In order to maintain long-term viability, it is also important that the capital value of the endowment (after allowing for inflation) is not eroded. During the period to 31 March 2022, the investment income received was £34.8k (2020-21, £33.6k).

After a low level of awarding of grants in 2018-19, this was the third year in which there was some “catch-up” to meet the overall aim of matching income with grant-awards over the long term. Notwithstanding the higher level of awards, the overall deficit for the year was still comparatively small - about £5k excluding gains on investments – which means that there are still significant funds available to distribute within the policy of matching awards to income over the long term.

Investment policy and performance

The Trustees continued their investment policy (revised in 2014-15) of having a large proportion of funds with exposure to equities, a small proportion incorporating fixed interest instruments, and a moderate proportion containing property-based assets. The aim of this policy is to provide the prospects of high returns in the longer term whilst retaining sufficient cash generation to ensure that regular grant-making can still be supported in the short to medium term.

During the reporting period, the overall strategy for implementing the policy remained the same: to invest in a range of managed funds that involved different asset classes (and with a geographic spread) so as to mitigate risk and to smooth out returns from year to year. As indicated in last year’s report, there was, however, one significant change in the funds chosen to realise that strategy: the holding in the CCLA Investment Fund was moved to the CCLA Ethical Fund (in a special low-cost switching transaction). As a result of this change the investment in three CCLA Funds became: the Ethical Fund, the Global Equity Fund and the Property Fund. The split between these three funds is maintained at approximately 45%, 40% and 15% respectively.

The stated aim of these Funds is to maintain their underlying capital value in real terms, whilst having prospective yields of about 5% per year. CCLA’s view continues to be that there is little value in bonds at the moment, and accordingly the Trust’s exposure to fixed interest instruments remains small. It is accepted that, in the current difficult financial climate (affected by global events), this might add to the volatility of the Funds’ capital value, but it is felt that this remains the best strategy to maximise the total return that will be achieved over the long term and hence maximises the Trust’s ability to provide charitable grants.

As the effects of the COVID pandemic continued to recede during the reporting year, and notwithstanding the shocks to the global economy caused by the invasion of Ukraine, there was another significant increase in the value of our investment portfolio. By the end of the reporting year, the average annualised yield from all investments was down a little at 2.9% (2020-21, 3.1%). This was a result of the capital value of the investments increasing by about 9% over the same period (2020-21 increased by 22%) rather than a reduction in the absolute value of distributions. This strong investment performance was largely due to

vi

The John Mason Family Trust

appropriate diversification, and was once again helped by exposure to global rather than UK equities.

The Trustees are content with the investment performance this year. They feel it has served the Trust well, and see no need to make any adjustments to the policy.

Reserves policy

The Trustees revisited the Reserves policy in 2015-16 and decided that there was no longer any need formally to maintain any specific level of reserves although it was likely that in practice about £5k (probably in cash) would be retained in the unrestricted fund. This remains the reserves policy.

Approved by the Trustees at its meeting on 19 July 2022 and signed on their behalf by the Chair of the meeting.

John Mason, Chair of Trustees

vii

The John Mason Family Trust

Independent Examiner’s Report

Report to the Trustees of the John Mason Family Trust (registered charity number 1136856) on accounts for the year ended 31 March 2022 set out on pages 1 to 5.

Respective responsibilities of Trustees and examiner

The charity's Trustees are responsible for the preparation of the accounts. The charity’s Trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention

  1. which gives me reasonable cause to believe that in, any material respect, the requirements:

  2. to keep accounting records in accordance with section 130 of the Charities Act; and

  3. • to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

have not been met; or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed:

Mr Alan Stott

Date: 20 July 2022

59 Grappenhall Road, Stockton Heath, Warrington, WA4 2AR

viii

Statement of financial activities

Note
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Other trading activities
Income from investments
3
Income from charitable activities
Other income
TOTAL INCOME AND ENDOWMENTS
EXPENDITURE ON
Expenditure on raising funds
Expenditure on charitable activities
4
Other expenditure
Net gains/(losses) on investments
5
NET INCOME/(EXPENDITURE)
Transfers between funds
6
Gains/(losses) on revaluation of fixed assets
Other gains/(losses)
NET MOVEMENT IN FUNDS
BALANCES B/FWD 1 APRIL
BALANCE AT 1 APRIL RESTATED
BALANCES C/FWD 31 MARCH		 Unrestricted
Funds
£
50
0
34,795
0
0
34,845
0
(39,955)
(15)
3,026
(2,099)
0
0
0
(2,099)
62,537
62,537
60,438		 Designated
Restricted
Endowment
Funds
Funds
Funds
£
£
0
2,500
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,500
0
0
0
0
0
(2,250)
0
0
0
0
0
0
96,061
0
250
96,061
0
0
0
0
0
0
0
0
0
0
250
96,061
0
750
1,082,952
0
750
1,082,952
0
1,000
1,179,013
For the Year to 31 March 2022		 TOTAL FUNDS
2021/22
£
2,550
0
34,795
0
0
37,345
0
(42,205)
(15)
99,087
94,212
0
0
0
94,212
1,146,239
1,146,239
1,240,451		 Unrestricted
Funds
£
2,063
0
33,566
0
0
35,629
(13)
(39,825)
0
(520)
(4,729)
0
0
0
(4,729)
67,266
67,266
62,537		 Designated
Funds
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
For the		 Restricted
Endowment
Funds
Funds
£
£
3,000
0
0
0
0
0
0
0
0
0
3,000
0
0
0
(2,250)
0
0
0
0
195,780
750
195,780
0
0
0
0
0
0
750
195,780
0
887,172
0
887,172
750
1,082,952
Year to 31 March 2021		 TOTAL FUNDS
2020/21
£
5,063
0
33,566
0
0
38,629
(13)
(42,075)
0
195,260
191,801
0
0
0
191,801
954,438
954,438
1,146,239

The notes on pages 3 to 5 form part of these accounts

The John Mason Family Trust Balance sheet as at 31 March

Note
FIXED ASSETS
Tangible
Investments
5
CURRENT ASSETS
Debtors
7
Short-term deposits
8
Cash at bank and in hand
LIABILITIES
Creditors: amounts falling due in one year
9
NET CURRENT ASSETS/(LIABILITIES)
TOTAL ASSETS LESS CURRENT LIABILITES
Creditors - amounts falling due after one year
TOTAL NET ASSETS
TRUST FUNDS
Unrestricted
Designated
10
Restricted
11
Endowment
6		 Unrestricted
Funds
£
0
26,041
26,041
12
0
34,435
34,447
(50)
34,397
60,438
0
60,438
60,438
0
0
0
60,438		 Designated
Funds
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0		 Restricted
Funds
£
0
0
0
500
0
500
1,000
0
1,000
1,000
0
1,000
0
0
1,000
0
1,000		 Endowment
Funds
£
0
1,179,013
1,179,013
0
0
0
0
0
0
1,179,013
0
1,179,013
0
0
0
1,179,013
1,179,013		 TOTAL FUNDS
2022
2021
£
£
0
0
1,205,054
1,105,967
1,205,054
1,105,967
512
12
0
0
34,935
40,310
35,447
40,322
(50)
(50)
35,397
40,272
1,240,451
1,146,239
0
0
1,240,451
1,146,239
60,438
62,537
0
0
1,000
750
1,179,013
1,082,952
1,240,451
1,146,239		 TOTAL FUNDS
2022
2021
£
£
0
0
1,205,054
1,105,967
1,205,054
1,105,967
512
12
0
0
34,935
40,310
35,447
40,322
(50)
(50)
35,397
40,272
1,240,451
1,146,239
0
0
1,240,451
1,146,239
60,438
62,537
0
0
1,000
750
1,179,013
1,082,952
1,240,451
1,146,239
1,105,967
12
0
40,310
40,322
(50)
40,272
1,146,239
0
1,146,239
62,537
0
750
1,082,952
1,146,239

Approved by the Trustees on 19 July 2022 and signed on its behalf by John Mason, Chair

The notes on pages 3 to 5 form part of these accounts

Notes to the financial statements

For the year ending 31 March 2022

1. ACCOUNTING POLICIES

The financial statements have been prepared under the historic cost convention, with the exception that investments are included at market value. The financial statements have been prepared in accordance with the FRS 102 SORP and applicable UK Accounting Standards and the Charities Act.

Funds

Endowment fund. There is an expendable endowment fund created by an initial gift ("the founding endowment"). The income from this endowment is unrestricted to providing grants in pursuit of the charity's objects. The terms of the Trust Deed allow the capital of the endowment to be spent if the trustees so determine.

Restricted funds represent (a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest, and (b) donations or grants received for a specific object. Such funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund. The trustees do not usually invest separately each fund. Where there is no separate investment, interest is apportioned to individual funds on an average balance basis.

Unrestricted Funds are general funds which can be used for ordinary purposes. On occasions the trustees may designate part of the unrestricted funds for a particular purpose. Although these designated funds are thereby ear-marked for that purpose they still form a part of the unrestricted funds and may still be used for ordinary purposes.

Incoming resources

All incoming resources are recognised once the charity has entitlement to the resources, it is certain that the resources will be received and the monetary value of incoming resources can be measured with sufficient reliability. Tax refunds are recognized when the incoming resource to which they relate is received. Grants and legacies are accounted for when received rather than when the Trust is legally entitled to the amounts due. Dividends are accounted for when receivable, and interest is accounted for when received. All other income is recognized when it is receivable. All incoming resources are accounted for gross.

Resources expended

Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the Trust. All other expenditure is generally recognized when it is incurred and is accounted for gross. Grants payable are payments made to third parties in the furtherance of the charitable objects of the Trust. Single or multi-year grants are accounted for when either the recipient has a reasonable expectation that they will receive a grant and the trustees have agreed to pay the grant without condition, or the recipient has a reasonable expectation that they will receive a grant and any condition attaching to the grant is outside of the control of the Trust. Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.

Governance costs

Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to independent examination of the accounts and certain legal fees and trustee expenses.

Fixed assets

Tangible fixed assets costing more than £500 are capitalised and valued at historic cost. Depreciation is charged on furniture and equipment which is written off on a straight-line basis over their estimated useful life of four years. Individual items of equipment with a purchase price of £500 or less are written off when the asset is acquired.

Fixed asset investments are stated at market value as at the balance sheet date. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year.

All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and opening market value (purchase date if later). Unrealised gains and losses are calculated as the difference between the market value at the year end and opening market value (or purchase date if later). Realised and unrealised gains are aggregated in the Statement of Financial Activities.

In accordance with the SORP, a contingent liability is disclosed for those grants, which do not represent liabilities, where the possible obligation, which arises from past events, will only be confirmed by the occurrence of one or more uncertain future events not wholly within the trustees' control. Provisions are recognised for those grants where there is uncertainty as to the timing or amount, and any uncertainty regarding the amount is more than one of determining a basis for reasonable estimation of the liability arising from that constructive obligation

2.
DONATIONS AND LEGACIES
Recurring donations
One-off donations
Tax recovered
Grants		 Unrestricted
Funds
£
0
50
0
0
50		 Designated
Funds
£
0
0
0
0
0		 Restricted
Funds
£
0
2,000
500
0
2,500		 Endowment
Funds
£
0
0
0
0
0		 TOTAL FUNDS
2022
2021
£
£
0
0
2,050
4,050
500
1,013
0
0
2,550
5,063		 TOTAL FUNDS
2022
2021
£
£
0
0
2,050
4,050
500
1,013
0
0
2,550
5,063
5,063

Recurring donations are those made on a regular basis as part of a committed programme of giving (as indicated by the donor). "One-off" donations are categorised separately. The total of donations made by Trustees during the year was £2,000 (£4,000 in 2020-21).

3.
INCOME FROM INVESTMENTS
Dividends and interest including tax
recoverable from investments
Interest from cash on deposit
Other investment income		 Unrestricted
Funds
£
34,795
0
0
34,795		 Designated
Funds
£
0
0
0
0		 Restricted
Funds
£
0
0
0
0		 Endowment
Funds
£
0
0
0
0		 TOTAL FUNDS
2022
2021
£
£
34,795
33,566
0
0
0
0
34,795
33,566

4. ANALYSIS OF CHARITABLE EXPENDITURE

Support of poverty relief
Support of health awareness
Support of religious harmony
Trustee expenses
Independent examiner fee		 Unrestricted
Funds
£
(27,500)
(6,630)
(5,775)
0
(50)
(39,955)		 Designated
Funds
£
0
0
0
0
0
0		 Restricted
Funds
£
0
(2,250)
0
0
0
(2,250)		 Endowment
Funds
£
0
0
0
0
0
0		 TOTAL FUNDS
2022
2021
£
£
(27,500)
(35,000)
(8,880)
(2,250)
(5,775)
(4,775)
0
0
(50)
(50)
(42,205)
(42,075)		 TOTAL FUNDS
2022
2021
£
£
(27,500)
(35,000)
(8,880)
(2,250)
(5,775)
(4,775)
0
0
(50)
(50)
(42,205)
(42,075)
(42,075)

Trustee expenses are reimbursed costs incurred by the Trustees (typically for travel to review existing or to assess potential grants to be made to beneficiaries). If Trustees pay third parties directly for products and services these are charged to the nominal account associated with those products or services. Immaterial sums related to office expenses may be waived by the Trustees.

5. FIXED ASSET INVESTMENTS

Endowment Fund . During 2014-15 the Endowment Funds were invested within three separate COIF funds (within CCLA) as follows: 27,319.78 units of the COIF Investment Fund; 197,052.77 units of the COIF Global Equity Income Fund; and 96,509.02 units of the COIF Property Fund. In July 2021 the 27,319.78 units of the COIF Investment Fund were switched to 179,301.29 units of the COIF Ethical Fund (at a minimal transaction cost). As at 31/3/22 the market values of the resulting holdings were: Ethical Fund £531,306 (the Investment Fund holding used to purchase these units had been £489,745 at 31/3/21); Global Equity Fund £524,456 (£484,277 at 31/3/21) and Property Fund £123,252 (£108,930 at 31/3/21).

Designated Fund. There are currently no designated funds.

Unrestricted Fund. During the year the unrestricted fixed asset investments consisted of 20390.62 units of the COIF Property Fund. As at 31/3/22 these units had a market value of £26,041 (£23,015 at 31/3/21).

Market value b/f 1 April
Prior year adjustments
Value at 1 April restated
Purchases at cost
Disposals at carrying value
Revaluation gain/(loss)
Market value at 31 March		 Unrestricted
Funds
£
23,015
0
23,015
0
0
3,026
26,041		 Designated
Funds
£
0
0
0
0
0
0
0		 Restricted
Funds
£
0
0
0
0
0
0
0		 Endowment
Funds
£
1,082,952
0
1,082,952
0
0
96,061
1,179,013		 TOTAL FUNDS
2022
2021
£
£
1,105,967
910,707
0
0
1,105,967
910,707
0
0
0
0
99,087
195,260
1,205,054
1,105,967		 TOTAL FUNDS
2022
2021
£
£
1,105,967
910,707
0
0
1,105,967
910,707
0
0
0
0
99,087
195,260
1,205,054
1,105,967
910,707
0
0
195,260
1,105,967

6. FUND TRANSFERS

In accordance with the Trust Deed that established the Trust, any endowment funds are in principle expendable. However, it is not the policy of the trustees to expend any endowments, and accordingly no capital from the endowment was spent in the reporting year.

7.
DEBTORS
Tax recoverable
Debtor prepayment and accruals
Other debtors
8.
SHORT TERM DEPOSITS
HSBC Deposit account
COIF Charities Deposit Fund
9.
CREDITORS
Creditor prepayment and accruals
Grants committed but not paid
Other creditors
10.
DESIGNATED FUNDS
11.
RESTRICTED FUNDS
Cancer Awareness Raising
There were no designated funds during		 Unrestricted
Funds
£
13
0
0
13
Unrestricted
Funds
£
0
0
0
Unrestricted
Funds
£
(50)
0
0
(50)
Balance at
Apr-21
0
0
Balance at
Apr-21
750
750
the year.		 Designated
Funds
£
0
0
0
0
Designated
Funds
£
0
0
0
Designated
Funds
£
0
0
0
0
Incoming
0
0
Incoming
2,500
2,500		 Restricted
Funds
£
500
0
0
500
Restricted
Funds
£
0
0
0
Restricted
Funds
£
0
0
0
0
Outgoing
0
0
Outgoing
(2,250)
(2,250)		 Endowment
Funds
£
0
0
0
0
Endowment
Funds
£
0
0
0
Endowment
Funds
£
0
0
0
0
Investment
0
0
Investment
0
0		 TOTAL FUNDS
2022
2021
£
£
513
13
0
0
0
0
513
13
TOTAL FUNDS
2022
2021
£
£
0
0
0
0
0
0
TOTAL FUNDS
2022
2021
£
£
(50)
(50)
0
0
0
0
(50)
(50)
Transfers
Balance at
Mar-22
0
0
0
0
Transfers
Balance at
Mar-22
0
1,000
0
1,000		 TOTAL FUNDS
2022
2021
£
£
513
13
0
0
0
0
513
13
TOTAL FUNDS
2022
2021
£
£
0
0
0
0
0
0
TOTAL FUNDS
2022
2021
£
£
(50)
(50)
0
0
0
0
(50)
(50)
Transfers
Balance at
Mar-22
0
0
0
0
Transfers
Balance at
Mar-22
0
1,000
0
1,000
(50)
Balance at
Mar-22
0
0
Balance at
Mar-22
1,000
1,000