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2020-09-30-accounts

			Page
Reference and administrative		details	1-2
Trustees' report
Trustees' responsibilities statement			14
Independent auditor's	report
Statement offinancial	activities		18
Balance sheet			19
Statement ofcash flows			20
Notes to the financial	statements		21-33

Trustees			Mr D B H Aspinall,	Chair
			Professor C M Longson
			Mrs SSiegel Poulios
			Dr D LStables
			Aspinalls Fiduciary	Limited
Company	registered
number			08492424
Charity registered
number			1151978
Registered		office	Oxnead Hall
			Oxncad
			Norfolk
			NR10 5HP
Independent		auditor	UNW LLP
			Citygate
			St.James' Boulevard
			Newcastle upon Tyne
			NE1 4JE
Bankers			Unity Trust Bank pic
			Nine Brindleyplace
			Birmingham
			B12HB
			Cater Allen Limited
			2 Triton Square
			Regent's Place
			London
			NW1 3AN
Solicitors			Stone King
			Boundary House
			91 Charterhouse	Street
			London
			EC1M 6HR

						Unrestricted	Total	Total
						funds	funds	funds
						2020	2020	2019
					Note		E
Income from:
Donations								612,828
Investments						595,961	595,961	810,663
Total income						595,961	595,961	1,423,491
Expenditure on:
Investment management				costs		211,307	211,307	167,969
Charitable activities					4	1,621,264	1,621,264	1,814,110
Total expenditure						1,832,571	1,832,571	1,982,079
Net expenditure		before		net (losses) Igains on
investments						(1,236,610)	(1,236,610)	(558,588)
Net (losses) / gains			on investments			(345,530)	(345,530)	664,745
Net movement	in funds					(1,582,140)	(1,582,140)	106,157
Reconciliation	offunds:
Total funds brought			forward			38,492,054	38,492,054	38,385,897
Net movement	in	funds				(1,582,140)	(1,582,140)	106,157
Total funds carried forward						36,909,914	36,909,914	38,492,054

							2020		2019
					Note		'E		f.
Fixed assets
Intangible assets							14,887		11,952
Investments							36,192,496		39,041,645
							36,207,383		39,053,597
Current assets
Debtors						11,014		12,893
Cash at bank	and	in	hand			2,939,395		1,773,656
						2,950,409		1,786,549
Creditors: amounts			falling due within	one
year					10	(1,621,989)		(1,398,487)
Net current	assets						1,328,420		388,062
Total assets	less	current liabilities					37,535,803		39,441,659
				nore
							(625,889)		(949,605)
							36,909,914		38,492,054
Charity funds
Unrestricted	funds				13		36,909,914		38,492,054
Total funds							36,909,914		38,492,054

				2020	2019
				E	F
Cash flows from operating activities
Net cash	used in operating activities			(1,927,841)	(1,425,699)
Cash flows from investing activities
Dividends,	interests and rents from investments			595,961	810,663
Purchase	of intangible assets			(6,000)	(11,952)
Proceeds	from sale of investments			32,553,348	6,041,917
Purchase	ofinvestments			(30,049,729)	(4,563,817)
Net cash	provided by investing activities			3,093,580	2,276,811
Change	in cash and cash equivalents	in	the year	1,165,739	851,112
Cash and	cash equivalents at the beginning		ofthe year	1,773,656	922,544
Gash and cash equivalents atthe end		of	the year	2,939,395	1,773,656

	Unrestricted	Total	Total
	funds	funds	funds
	2020	2020	2019
			F
Donations			612,828

		Unrestricted	Total	Total
		funds	funds	funds
		2020	2020	2019
				F
Dividend	income	496,112	496,112	706,192
Interest	on investments	99,849	99,849	104,471
		595,961	595,961	810,663
Total20	19	810,663	810,663

		Support	Total	Total
	Grant giving	costs	funds	funds
	2020 E	2020	2020f	2019 F
Grants awarded	1,434,617	174,647	1,609,264	1,802,110
Grant administration	12,000		12,000	12,000
	1,446,617	174,647	1,621,264	1,814,110
Total 2019	1,653,024	161,086	1,814,110

		Total	Total
		funds	funds
		2020	2019
		E
Staff costs		12,000
Grants awarded	(note 5)	1,385,732	1,631,989
Grant administration			12,000
Interest on discounting		68,885	9,035
Total2020		1,446,617	1,653,024

				Total	Total
				funds	funds
				2020	2019
Staff costs				15,204
Professional		fees in support ofgrant	programme	65,691	79,683
Administration		and other professional	fees	66~661	71,726
Sundry	costs			6,501	1,577
ITcosts	and	amortisation		10,490
Auditor's	remuneration			7,200	7,200
Auditor's	non-audit costs			900	900
				174,647	161,086

				Unrestricted	Total	Total
				funds	funds	funds
				2020	2020	2019
				F
Action for Stammering		Children		24,796	24,796
AESOP				95,259	95,259
Alzheimer's Society				163,600	163,600
Autistica						79,744
Awards for Young Musicians				24,900	24,900
Birmingham Botanical Gardens				72,672	72,672
Bradford Literature Festival						87,381
British Red Cross				150,000	150,000
Carers Trust				22,901	22,901
Crohn's and Colitis UK						38,175
Economist Educational		Foundation				24,300
EMR4DW						25,000
FareShare				75,000	75,000
Guy's &StThomas'	Charity			25,000	25,000
Horatio's Garden				24,131	24,131
MS Society				25,000	25,000
National Youth Choirs		ofGreat Britain				24,500
National Youth Jazz	Orchestra					93,019
The Norfolk Hospice				23,917	23,917
Orchestras Live				25,000	25,000
Rural Arts - ArtBeat				23,332	23 332
Rural Arts - Courthouse				59,403	59,403
The Sanata Charitable		Trust		250,000	250,000
Sheffield Hospitals Chadty						177,276
Snape Maltings						24,834
Target Ovarian Cancer						338,300
Theodora Children's	Charity			7,446	7,446
Two Ridings - Covid	19Fund			100,000	100,000
Two Ridings				137,500	137,500
Trust Music				23,375	23,375
University ofStrathclyde						496,060
Whitby 8 District Community			Transport	12,500	12,500
Wild Rumpus						23,400
Yorkshire Arboretum						200,000
Total2020				1,365,732	1,365,732	1,631,989

Staff costs
				2020	2019
				F
Wages and	salaries			20,419
Social security costs				5,396
Contribution	to defined	contribution	pension schemes	1,389
				27,204

2020	2019
No.	No.

7.	intangible assets
		Website
	Cost
	At 1 October 2019	11,952
	Additions	6,000
	At 30September 2020	17,952
	Amortisation
	Charge for the year	3,065
	At 30September 2020	3,065
	Net book value
	At 30 September 2020	14,887
	At 30September 2019	11,952
8.	Fixed asset investments

	Listed
	investments	Cash	Total
	E	E	f.
Cost or valuation
At 1 October 2019	37,669,468	1,372,177	39,041,645
Additions	29,638,668	411,061	30,049,729
Disposals	(32,375,275)	(565,580)	(32,940,855)
Revaluations	41,977		41,977
At 30September 2020	34,974,838	1,217,658	36,192,496
Net book value
At 30September 2020	34,974,838	1,217,658	36,192,496
At 30 September 2019	37,669,468	1,372,177	39,041,645

9.	Debtors
				2020	2019
				E	E
	Due within one	year
	Prepayments and accrued income			11,014	12,893
				11,014	12,893
10.	Creditors: amounts falling due within one year
				2020	2019
					F
	Grants awarded	but not yet paid		1,587,254	1,370,083
	Accruals and deferred income			34,735	28,404
				1,621,989	1,398,487
11.	Creditors: amounts falling due after more than one year
				2020	2019
				F	F
	Grants awarded	but not yet paid		625,889	949,605
12.	Reconciliation	ofgrants payable
				Total	Total
				funds	funds
			2020	2020	2019
	Accrued as at 1	October 2019	2,319,688	2,319,688	2,010,937
	Grants awarded	in the year (note 4)	1,365,732	1,365,732	1,631,989
	Grants paid in the year		(1,541,162)	(1,541,162)	(1,332,273)
	Interest released	on discounting	68,885	68,885	9,035
	Accrued at 30September 2020		2,213,143	2,213,143	2,319,688

						Balance at
		Balance at 1				30
		October			Gains/	September
		2019f	Income f	Expenditure	(Losses)	2020
Unrestricted	funds
General funds		38,492,054	595,961	(1,903,881)	(274,220)	36,909,914
Statement of	funds - prior year
						Balance at
		Balance at				30
		1 October			Gains/	September
		2018	Income	Expenditure	(Losses)	2019
		F	F		E	P
Unrestricted	funds
General funds		38,385,897	1,423,491	(1,982,079)	664,745	38,492,054

Reconcili	ation ofn	et		movem	ent	in fund	s to net	cash flow f	rom operating	activities
										2020	2019
Net income/expenditure				for	the	period	(as per	Statement	of Financial
Activities)										(1,582,140)	106,157
Adjustments for:
Amortisation charges										3,065
Losses /	(gains) on investments									345,530	(664,745)
Dividends,	interests	and		rents	from	investments				(595,961)	(810,663)
Decrease	in debtors									1,879	247,409
(Decrease) / increase			in creditors							(100,214)	308,971
Donated	investments										(612,828)
Net cash	used in operating				activities					(1,927,841)	(1,425,699)

15.	Analysis ofcash	Analysis ofcash	and cash equivalents	and cash equivalents
						2020 f	2019
	Cash	in hand				2,939,395	1,773,656
	Total	cash and cash		equivalents		2,939,395	1,773,656
16.	Analysis ofchanges			in net debt
					At 1		At 30
					October		September
					2019	Cash flows	2020
							F
	Cash	at bank and	in hand		1,773,656	1,165,739	2,939,395
					1,773,656	1,165,739	2,939,395