## 



## 

|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<br>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<br>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.<br>8 .l||120,814|
|Donated services-|9,500||9,500|9,<br>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|



## 

|.<br>Costsofg|enerating volunt|arvi|ncome||||||
|---|---|---|---|---|---|---|---|---|
||2021||2021|2021|2020||2020|2020|
||Unrestricted|Restricted||Tolal|Unrestricted|Restricted||Total|
||funds<br>f||funds<br>0|f|f'undst||funds<br>f|f|
|Costsof|t20,212|||120,212|It5,546|||I15,546|
|fundraising|||||||||
|events|||||||||
|Bank charges|35|||l5|592|||592|
||120,247||<br>-|120,247116,138|||<br>-|116.138|





## 

|.<br>Charitable|activities-grantm|aking||||||
|---|---|---|---|---|---|---|---|
||2021|2021|2021||2020|2020|2020|
||UnrestrictedRestricted<br>funds<br>funds||Total|Unrestricted<br>funds||Restricted<br>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||<br>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 |3.953|



## 



## 

## 

|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|||.273.993|
||grantspa1'able|||



## 



## 

|or cansecuresuch|resourcesonlyat|excessive c|<br>ost.|
|---|---|---|---|
|Risk|Desc|tlon|Ma<br>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<br>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.|



## 

|<br>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<br>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<br>2021|5,869,r61|21r.860|6,11t,021|



## 



## 

## 



## 

## 

|||Unrestricted|Restricted|Restricted|TotaI|
|---|---|---|---|---|---|
||Note|Funds2020|Funds 2020||Funds2020|
|||r||T|t|
|Incomefrom||||||
|VoluntarvIncome<br>InYestrnent Income|2|3,873,916<br>13,489||It6,6714.'.l90.581<br> <br>-<br>13.489||
|Companymatching<br>Total||4 ,737,070_<br>8,621,475||4.737,07A<br> 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|