| Conten ts | Page(s) |
|---|---|
| Chair's Report | 3-4 |
| Trustees'AnnualReport | 5-9 |
| StatementofTrustees'Responsibilities | i0 |
| lndependentAuditors'Report tothemembersofSt.James's | It-14 |
| PlaceCharitableFoundation | |
| StatementofFinanciaIActivities | l5 |
| BalanceSheet | l6 |
| CashFlowStatement | 17 |
| Notes to theFinancialStatements | t8-27 |
7 July 2022
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | ||
| Note | 2021 | 2021 | 2021 | 2020 | |
| t | f. | , | , | ||
| Incomefrom | |||||
| VoluntaryIncome | 2 | 1,24t,939 | 567.093 | 4.809.032 | 4.790,587 |
| Investonent Income | t5 | l5 | I3,489 | ||
| Other incornin gresources | |||||
| -Companymatching | 3.761.630 | 3.764.6304.73'.7,070 | |||
| Tot0l | 8,006,58.1567,093 | 8,573,6119,541.146 | |||
| Resourcesexpended | |||||
| Costofgenentingfunds | |||||
| -Costsof generatingvoluntaryincome | t20.247 | 120,211 | ll6.l38 | ||
| C h aritablea ctivities-grantmakinS | I | 6.r36.528 | 50:l.l.1l | 6.610.669 | II.059.167 |
| TotaIresourcaexpended | 6,256,715 | 50'r,l.lr | 6,760,916 | I 1.175.t05 | |
| NetInconte/(Expetinoe).fotthe Year | 1,719,809 62,952 | 1,812,161 | (1,634,t59) | ||
| Reconciliationof funds | |||||
| Fundb alancesbroughtfonvard at I January |
ll | 4.119.3 52 | 178.908 | 4.298.260 | 5.932_419 |
| Fundba lancescariedfbnYardat3I | |||||
| December | t1 | 5^869-r.6r | 2-4L860 | 6.LLU}21 | 12932fr |
| Note | 2021 | 2020 | |
|---|---|---|---|
| f. | T. | ||
| CurrentAssets | |||
| Debtors | 6 | 865. 129 | 303.34r |
| Investments; Unrestrictedfurds | 7 | 4.657,920 | 3,390,858 |
| Restricted f'urds | 7 | 24r,860 | r78.908 |
| Cash atbankand cashequivalents | 761,443 | r.014.556 | |
| Total currentassets | 6,526,352 | 4,887,663 | |
| Liabilities | |||
| Creditors:amountsfallingduewithinoneyear | 8 | (415.331) | (589.403) |
| Netassets | 6J11Jt21 | 412326! | |
| The tundsoftheCharity Restricted incomef'urds |
ll | 241.860 | r78.908 |
| Unrestricted ircomefunds | ll | 5.869.l6l | 4.119.352 |
| TotalCharir,'*funds | _6J11J2t | l-298-260 |
| 2021 | 2020 | ||
|---|---|---|---|
| L | f | ||
| Reconciliation ofnetincome(expenditure)tonetcash | |||
| generated fronr/(used in)operating activities: | |||
| NetI ncome(expenditure) | 1.812.761(1,634,159) | ||
| Adjustmentsfor: | |||
| Investnentincome | (1s) | (13.489) | |
| Add: | |||
| (Increase/decreaseindebton | (56r,788) | 1,296,361 | |
| (Decrease/increaseincrediton | (174,072) | ?o0)1) | |
| Netcashgenerat€dfrom(usedin)operating actiyities | 1,076,886 | (142.0,19) | |
| Statement ofcashflows: | |||
| Cashflowsfronoperatingactivities | 1.076,886 | (r42,049) | |
| Netcoshprovidalbyinveslmedacfiiti6 | |||
| Investrnent income | l5 | r3.489 | |
| Purchaseofinvestnentassets | (1,330,014) | ||
| Pmceedsfromdisposalof investrents | 589.,s50 | ||
| Netcash(utilised)/providedbfi1 | v6111y1iaclivilies | (1329,999't603,039 | |
| Changein cash | (2s3,r13) | 460,e90 | |
| Cash&cashequivalents: | |||
| AtbankandinhandIJanuary | 1,014.556 | 553,566 | |
| At bankandinhandi IDecember | 761,443 | 1,014,556 | |
| Changein cash&cashequivalenh | (2s3,1r3) | 460,990 | |
| Analysis ofcha ngesinnetfunds: | AtI Jar | Cashflows | At31 Dec |
| 2021 | 2021 | ||
| { | 3 | s | |
| Cashat bank | 1,0r4,556 | (253,rr3) | 761,413 |
| 2021 | 2021 | 2021 | 2020 | 2020 | 2020 | |
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |
| funds | funds | funds | funds | |||
| c | f | s | f | f | l | |
| Covenantincome | 1,680,198 | 1,680,198 | r.7r9,661 | l,7l9,66r | ||
| Gift Aid | 341,892 | 34r,892 | 432.643 | 432.643 | ||
| contributions | ||||||
| Donations | 154,285 | 15{.285 | I20. 8 .l |
120,814 | ||
| Donated services- | 9,500 | 9,500 | 9, 000 |
9,000 | ||
| auditfee | ||||||
| Donated services- | {t1,975 | 441,975504,953 | 50.+.953 | |||
| staff&supportcosts | ||||||
| Fundraisingevents | 1,614,089567,093 | 2,r81,1821.086.8459t6.671 | 2,003,516 | |||
| 4,211,939s67,093 | 4,809,0323.873,916916.611 | 1,790,587 |
| . Costsofg |
enerating volunt | arvi | ncome | |||||
|---|---|---|---|---|---|---|---|---|
| 2021 | 2021 | 2021 | 2020 | 2020 | 2020 | |||
| Unrestricted | Restricted | Tolal | Unrestricted | Restricted | Total | |||
| funds f |
funds 0 |
f | f'undst | funds f |
f | |||
| Costsof | t20,212 | 120,212 | It5,546 | I15,546 | ||||
| fundraising | ||||||||
| events | ||||||||
| Bank charges | 35 | l5 | 592 | 592 | ||||
| 120,247 | - |
120,247116,138 | - |
116.138 |
| . Charitable |
activities-grantm | aking | |||||
|---|---|---|---|---|---|---|---|
| 2021 | 2021 | 2021 | 2020 | 2020 | 2020 | ||
| UnrestrictedRestricted funds funds |
Total | Unrestricted funds |
Restricted funds |
Total | |||
| f,f | I | L | f | f | |||
| Grants payablein | 5,685,053 | 504,141 | 6,189,194 | 9,643,826901,388 | 10.545,214 | ||
| theyear | |||||||
| Supportcosts | 451,{75 | {51,{75 | 5li.95l |
511.953 | |||
| 6,136,528 | 504,141 | 6,640,669 | \0.157.779901.388 | 11,059.167 |
| pportcosts | ||
|---|---|---|
| 2021 | 2020 | |
| t | f | |
| Auditfee | 9,500 | 9,000 |
| Travel | 1,674 | 4,t41 |
| Sraffcosts(Note5) | 344,669 | 425,878 |
| Consultancy&Other | 95,632 | 74,934 |
| 451,475 | 5 |
| withineach bandoflI0,000fromf,60.000up wards*,as | : | |
|---|---|---|
| 2021 | 2020 | |
| f70,000-f80.000 | I | |
| gatepayrollcostoftheseemployeesu,asasfollows: | ||
| 2021 | 2020 | |
| f, | f | |
| Wagesandsalaries | 278,,903 | 348,969 |
| Socialsecuritycosts | 30,067 | 38,372 |
| Pensioncosts | 31,257 | 38,537 |
| Temporary StaffCosts | 4,442 | |
| 344,669 | 42s,878 |
| 6. | Debtors | 2021 | 2020 |
|---|---|---|---|
| + | t | ||
| AmountsduefromSJPMS | 798,876 | 204,205 | |
| Accrued income | 60,r68 | 91,269 | |
| Otherdebtors | 6,08s | 't,867 | |
| 86s,r29 | 303,341 | ||
| 7 | Investments | 202t | 2020 |
| *. | L | ||
| Unrestricted | |||
| GoldmanSachsGBPLiquidReserves630 | 4,157,922 | 3.390.858 | |
| BlackRockICSCBP LEAFPremier | 499,998 | ||
| 1,65',7,920 | 3,390,858 | ||
| Restricted | |||
| GoldmanSachsGBPLiquidReserves630 | 241,860 | I78.908 | |
| 1,899,780 | 3,569,766 |
| 8 | Creditors:amountsfallingduewithinone | 2021 | 2020 |
|---|---|---|---|
| Year | f | t | |
| Grantpayments due | 4l3J3r | 587,353 | |
| Accruedexpenses | 2,000 | 2,050 | |
| {r5J3r | s89.40i | ||
| 9. | ContingentLiabilities | ||
| 2021 | 2020 | ||
| L | t | ||
| Amountsfallingduewithinoneyear: grants | 3,709,969 | 3,510.229 | |
| pal able | |||
| Amountsfallingdueaftermorethanoneyear | 1,702,7 | ||
| grantspa1'able |
| or cansecuresuch | resourcesonlyat | excessive c | ost. |
|---|---|---|---|
| Risk | Desc | tlon | Ma ent |
| Investments,Cash | Asignificantcash | orexpense | TheCharitableFoundation fundsareprcdominantly |
| or expense | requirement n€eds | to be | investedinAAA-mtedmoneymarketfunds, v'h ich |
| requirement | metatshortnotice | areclassifiedasinvestnents.Cashandca*l | |
| equivalentsareopentingmoniesheldwith | |||
| app roved bank.Cashflo ws arepreparedatregular | |||
| intervaIsto ensueadequate cashisheldto meetall | |||
| upcoming liabilities. |
| Risk | D.- | tion | Ma ment |
|---|---|---|---|
| Charitable | Lossofassets | orreductionin | The CharitableFoundationfundsarepredominantt |
| Foundation's | value | invested indAA-ratedtroneymarketfun ds. which | |
| investmentsand- | areclassiliedasinvestrnens.Cashand ca$r | ||
| cashandcaslr | equivalentsareopemtingmoniesheld u,ith | ||
| equivalenB | approvedbanks. |
pany's Balancesheetaresummarisedbe |
low: | |
|---|---|---|
| 2021 | 2020 | |
| tf | ||
| Financialassets | ||
| lnvestments | 4,899,780 | 3,569.766 |
| Cashandcashequivalents | 161,443 | 1.014.556 |
| Debtor | 865, 129 | 303,341 |
| Totalfinancialassets | 6,526,352 | 4,887,663 |
| Financial Iiatrilities | ||
| Creditors | ,+I5.331 | 589,403 |
| Total tinancialliabilities | 415,331 | 589.403 |
| unds | |||
|---|---|---|---|
| Unrestricted fundsf | RestrictedfundsI | Total f, |
|
| FundbalancesatIJanuary2021 | aIta15? | 178,908 | 4.298,260 |
| Income | 8,006.584 | 56',7,093 | 8,573,677 |
| Expenditure | (62s6.175) | (504,141) | (6,760,916) |
| FundbaIancesat3lDecember 2021 |
5,869,r61 | 21r.860 | 6,11t,021 |
| Unrestricted | Restricted | Restricted | TotaI | ||
|---|---|---|---|---|---|
| Note | Funds2020 | Funds 2020 | Funds2020 | ||
| r | T | t | |||
| Incomefrom | |||||
| VoluntarvIncome InYestrnent Income |
2 | 3,873,916 13,489 |
It6,6714.'.l90.581 - 13.489 |
||
| Companymatching Total |
4 ,737,070_ 8,621,475 |
4.737,07A 916,6719,541,1,16 |
|||
| Resourcesexpended | |||||
| Costofgenerating funds | |||||
| -Costsofgenerating voluntaryincome | 116,138 | 116,138 | |||
| Charitablea ctivities-grantmaking | 4 | 10.157.779 | 901.388 | Ir.059.16? | |
| TotaI resowcesexpottletl | t027 3,917 | 90r,388 | 11,175;305 | ||
| Nel(E-rpendilure)/In@mefortheYeor | (1,619,112)15,283(l,634,1s91 | ||||
| Reconciliation offunds | |||||
| FundbalancesbroughtfonvadatIJanuary | 1l | 5.768.794 | r61.625 | 5.932.1t9 | |
| Fundba lancescariedfonrardat3I | |||||
| December | l1 | !Ll-U152 | 114908 | !L29E-61 |