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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|||||||
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||||||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|
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|||||Unrestricted
Endowment|Unrestricted
Endowment|Total Unrestricted|Total Unrestricted|Endowment|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|
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||||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|
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||||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|
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|Unrestricted|Unrestricted|
|---|---|
|funds|funds|
|2021|2020|
||F|
|11,030|13,130|
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||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|
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||||Unrestricted|Endowment|Total|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|
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|||||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|
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|8|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|
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|9|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|
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|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|
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|||||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|
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|||||||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|
##
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|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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|20|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|
|22|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|
##
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|||||||||(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|