2021-12-31-accounts - Guildford Poyle Charities

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Trustees				Dr lan Dean (Chair		ofthe Trustees, Grants Chair to July	ofthe Trustees, Grants Chair to July	ofthe Trustees, Grants Chair to July	ofthe Trustees, Grants Chair to July	2021)
				Mrs Deborah Drury		(Grants	Chair		from July 2021)
				Mr Mike Evans
				Ms Nicola Freeman
				Mr Matthew Gray
				Ms Debbie Hustings
				Mr Barry Marshall	(Deputy		Chair from April 2020)
				Mrs Moyra Matravers
				Mr Tim Metson
				Dr Jonathan Norris
				Mr Gordon Reid (Chair of Finance					& General Purposes	Committee)
				Mrs Liz Westwood
				Mrs Ruth Brothwell		(Appointed		21	October 2021)
				Mrs Sandra Robinson (Appointed					21 October 2021)
				Mrs Alison Bass (Appointed			21	October 2021)
Charity	number			1145202
Company		number		07867602
Registered			office	208 High Street
				Guildford
				Surrey
				GU1 3JB
Independent			examiner	Stephen Meredith	FCA DChA
				Alliotts LLP
				Friary Court, 13-21		Friary Court
				Guildford
				Surrey
				GU1 3DL

					Page
Trustees'	report				1-7
Independent examiner's			report
Statement	offinancial	activities
Summary	income and		expenditure	account	10
Balance sheet
Notes to	the financial	statements			12-24

				Unrestricted Endowment	Unrestricted Endowment	Total Unrestricted	Total Unrestricted	Endowment	Total
				funds	funds		funds	funds
				2021	2021	2021	2020	2020	2020
			Notes	E		f.		f
lmamdram;
Donations and	legacies		3	11,030		11,030	13,130		13,130
Investments			4	9,436	107,326	116,762	15,956	104,233	120,189
Other income			5	98,500	(98,500)		120,000	(120,000)
Total income				118,966	8,826	127,792	149,086	(15,767)	133,319
Raising funds				8,269	22,362	30,631	5,548	25,660	31,208
Charitable activities			7	170,602		170,602	133,535		133,535
Total charitable	expenditure			178,871	22,362	201,233	139,083	25,660	164,743
Net operating	(deficit)/			(59,905)	(13,536)	(73,441)	10,003	(41,427)	(31,424)
surplus
Net gains/(losses)		on
investments			12		474,835	474,835	(2,508)	(104,580)	(107,088)
Net movement	In	funds		(59,905)	461,299	401,394	7,495	(146,007)	(138,512)
Fund balances	at 1 January
2021				110,545	4,518,106	4,628,651	103,050	4,664,113	4,767,163
Fund balances	at	31
December 2021				50,640	4,979,405	5,030,045	110,545	4,518,106	4,628,651

			2021		2020
		Notes
Fixed assets
Tangible assets		13		42,539		43,062
Investment properties		14		557,941		557,941
Investments		15		4,424,172		4,017,444
				5,024,652		4,618,447
Current assets
Cash at bank and in	hand		29,656		21,185
Creditors: amounts	falling due within
one year		17	(24,263)		(10,981)
Net current assets				5,393		10,204
Total assets less current liabilities				5,030,045		4,628,651
Capital funds Endowment funds - general				4,979,405		4,518,106
Income funds
Unrestricted funds				50,640		110,545
				5,030,045		4,628,651

			All Income funds
			2021	2020
				F
Gross income			118,966	149,086
Losses on investments				(2,508)
Total Income in	the reporting	period	118,966	146,578
Total expenditure	from income funds		178,871	139,083
Net (expenditure)/income		for the year	(59,905)	7,495

Unrestricted	Unrestricted
funds	funds
2021	2020
	F
11,030	13,130

	Unrestricted	Endowment	Total	Unrestricted	Endowment	Total
	funds	funds		funds	funds
		general			general
	2021	2021	2021	2020	2020	2020
Rental income	9,436		9,436	13,450		13,450
Income from listed
investments				2,500		2,500
Income from listed
investments		107,326	107,326		104,233	104,233
Interest				6		6
	9,436	107,326	116,762	15,956	104,233	120,189

			Unrestricted	Endowment	Unrestricted	Endowment	Total
			funds	funds	funds	funds
				general		general
				2021	2020	2020	2020
Released	from
Unapplied	Total	Return	98,500	(98,500)	120,000	(120,000)

			Unrestricted	Endowment	Total	Unrestricted	Endowment	Total
			funds	funds		funds	funds
				general			general
			2021	2021	2021	2020	2020	2020
						F	P
F	r
Investment		management
fees			701	22,362	23,063	615	25,660	26,275
Support costs			7,568	-	7,568	4,933	-	4,933
			8,269	22,362	30,631	5,548	25,660	31,208

				UnrestrictedUnrestrlcted	UnrestrictedUnrestrlcted
				Funds	Funds
				2021	2020
Grant	funding	of activities (see note 8)		121,293	95,660
Share	ofsupport costs (see note 9)			34,685	31,905
Share	ofgovernance		costs (see note 9)	14,624	5,970
				170,602	133,535

Grants payable
									Unrestricted
									Funds
									2021
Grants to organisations	(40 grants):
Boxgrove Primary School		(2	grants)						5,680
Burpham Primary School									530
Bushy Hill Junior School									590
Challenge rs									4,000
CHIPS(2 grants)									14,250
Church Homeless Trust									5,000
Delight, Boxof Delight									4,000
Eikon Charity									7,500
George Abbot School									1,820
Guildford Borough Council		Supported			Housing				150
Guildford County School									1,630
Halow Project									4,599
Holy Trinity Junior School									220
Home Start Guildford									7,000
Home Group									450
Kings College School									4,600
Merrow C of E Infant School									320
Northmead Junior School									600
Oakleaf Enterprise									5,082
Onslow Infant School									100
Pewley Down Infant School									260
Queen Eleanors Junior	School								290
SAHA									500
Sandfield Primary School									410
SATRO Mobile Construction			Classroom			Programme			2,850
South West Surrey Association				for Mental			Health	Ltd	4,000
South West Surrey Domestic			Abuse		Service(2 grants)				7,300
StThomas of Canterbury		Catholic Primary					School(2 grants)		1,070
Stoughton Infant School									620
Surrey Care Trust									2,425
TALK									4,000
The Matrix Trust									7,500
Transform Housing and	Support								2,300
Weyfleld Primary Academy									1,750
Wood Street infant									100
Worplesdon Primary School									100
Total Grants to organisations									103,596
Grants to individuals									21,101
Grants written back									(3,404)
									121,293

Support costs
	Support	Governance	2021	Support	Governance	2020
	costs	costs		costs	costs
				E
Staff costs	28,479		28,479	27,439		27,439
Office administrative
expenses	2,992		2,992	3,974		3,974
Office expenses	4,482		4,482	3,055		3,055
Repairs and renewals	6,300		6,300	2,370		2,370
Independent
Examination		4,560	4,560		2,244	2,244
Accountancy		2,040	2,040		2,216	2,216
Legal and professional		8,024	8,024		1,510	1,510
	42,253	14,624	56,877	36,838	5,970	42,808
Analysed between
Fundraising	7,568		7,568	4,933		4,933
Charitable activities	34,685	14,624	49,309	31,905	5,970	37,875
	42,253	14,624	56,877	36,838	5,970	42,808

The average	monthly number ofemployees during t	he year was:
		2021	2020
		Number	Number
Employment	costs	2021	2020
Wages and salaries		28,013	27,002
Other pension costs		466	437
		28,479	27,439

				Endowment	Unrestricted	Unrestricted	Endowment	Total
				funds		funds	funds
				general			general
				2021		2020	2020	2020
							F
	Revaluation	of investments		474,835		(2,508)	(104,580)	(107,088)
13	Tangible fixed assets
					Freehold	land	Computers	Total
					and buildings		and office
							equipment
	Cost
	At 1 January	2021			42,059		1,570	43,629
	At 31 December 2021				42,059		1,570	43,629
	Depreciation	and impairment
	At 1 January	2021					567	567
	Depreciation	charged	in the year				523	523
	At 31 December 2021						1,090	1,090
	Carrying amount
	At 31 December 2021				42,059		480	42,539
	At 31 December 2020				42,059		1,003	43,062
14	Investment	property
								2021
	Fair value
	At 1 January	2021 and	31 December 2021					557,941

						2021	2020
	Freehold					557,941	557,941
	Long leasehold
	Shortleasehold
15	Fixed asset investments
					Listed	Cash In	Total
					investments	portfolio
					E
	Cost or valuation
	At 1 January 2021				3,927,366	90,078	4,017,444
	Additions				1,396,345	37,604	1,433,949
	Unrealised / realised	gains (losses)			433,710		433,710
	Disposals				(1,460,931)		(1,460,931)
	At 31 December 2021				4,296,490	127,682	4,424,172
	Carrying amount
	At 31 December 2021				4,296,490	127,682	4,424,172
	At 31 December 2020				3,927,366	90,078	4,017,444
16	Financial instruments					2021	2020
							F
	Carrying amount of	financial assets
	Instruments measured		at fair value through	profit or loss		4,296,490	3,927,366

17	Creditors: amounts	falling due within one year
				2021	2020
			Notes
	Deferred income		18	2,914
	Other creditors			15,000
	Accruals and deferred	income		6,349	10,981
				24,263	10,981
18	Deferred Income
				2021	2020
	Other deferred income			2,914

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Analysis of net assets	Analysis of net assets	between funds
		Unrestricted	Endowment	Total	Unrestricted	Endowment	Total
		funds	funds		funds	funds
		2021	2021	2021	2020	2020	2020
						P
Fund balances at 31
December	2021 are
represented	by:
Tangible assets		480	42,059	42,539	1,003	42,059	43,062
Investment	properties		557,941	557,941		557,941	557,941
Investments		43,493	4,380,679	4,424,172	94,102	3,923,342	4,017,444
Current assets/
(liabilities)		6,667	(1,274)	5,393	15,440	(5,236)	10,204
		50,640	4,979,405	5,030,045	110,545	4,518,106	4,628,651

Total Return				Endowment	Unapplied	Total
					Total Return
At 1 January 2021
Trust for Investment				2,425,155		2,425,155
Unapplied Total Return					1,492,951	1,492,951
Total				2,425,155	1,492,951	3,918,106
Movements in reporting	period
Investment return: Dividends		and interest			107,326	107,326
Investment return: Realised		and Unrealised	gains
and (losses)					474,835	474,835

								(Continued)
Less: investment		managers	costs				(22,362)	(22,362)
Total							559,799	559,799
Unapplied	Total	Return allocated		to income	in the reporting	period	(98,500)	(98,500)
Net movements		in reporting	period				461,299	461,299
At 31 December		2021
Trust for	Investment					2,425,155		2,425,155
Unapplied	Total	Return					1,954,250	1,954,236
Total						2,425,155	1,954,250	4,379,405