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||||Page|
|---|---|---|---|
|Reference and administrative||details|1-2|
|Trustees'
report|||3-11|
|Trustees'
responsibilities
statement|||12|
|Independent
auditor's|report||13 - 16|
|Statement offinancial|activities||17|
|Balance sheet|||18|
|Statement ofcash flows|||19|
|Notes to the financial|statements||20-33|
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|Trustees|||Mr D B H Aspinall,|Chair|
|---|---|---|---|---|
||||Professor C M Longson||
||||Mrs SSiegel Poulios||
||||Dr D LStables||
||||Aspinalls
Fiduciary|Limited (resigned 2December 2021)|
|Company|registered||||
|number|||08492424||
|Charity registered|||||
|number|||1151978||
|Registered||office|Oxnead
Hall||
||||Oxnead||
||||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||
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|Investment|advisors|Quilter Cheviot Limited|Quilter Cheviot Limited||
|---|---|---|---|---|
|||One Queensway|||
|||London|||
|||WC2B 6AN|||
|||Seven Investment|Management|LLP|
|||55 Bishopsgate|||
|||London|||
|||EC2N 3AS|||
|||Psigma
Investment|Management||
|||11Strand|||
|||London|||
|||WC2N 5HR|||
|||Sparrows
Capital|||
|||35Ballards Lane|||
|||London|||
|||N3 1XW|||
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||||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|
||||||2021|2021|2020|
|||||Note|F|||
|Income from:||||||||
|Donations||||2|27,368,318|27,368,318||
|Investments||||3|521,498|521,498|595,961|
|Total income|||||27,889,816|27,889,816|595,961|
|Expenditure
on:||||||||
|Investment
management|||costs||262,706|262,706|211,307|
|Charitable
activities|||||4,581,203|4,581,203|1,621,264|
|Total expenditure|||||4,843,909|4,843,909|1,832,571|
|Net expenditure||before|net (losses) / gains on|||||
|investments|||||23,045,907|23,045,907|(1,236,610)|
|Net (losses) / gains on investments|||||4,742,250|4,742,250|(345,530)|
|Net movement|in funds||||27,788,157|27,788,157|(1,582,140)|
|Reconciliation|offunds:|||||||
|Total funds brought forward|||||36,909,914|36,909,914|38,492,054|
|Net movement|in|funds|||27,788,157|27,788,157|(1,582,140)|
|Total funds carried forward|||||64,698,071|64,698,071|36,909,914|
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|||||2021|2020|
|---|---|---|---|---|---|
|||||E|F|
|Cash flows from operating
activities||||||
|Net cash|used
in operating
activities|||(10,226,659)|(1,927,841)|
|Cash flows from investing
activities||||||
|Dividends,|interests
and rents from investments|||521,498|595,961|
|Purchase|of intangible
assets||||(6,000)|
|Proceeds|from sale of investments|||11,290,884|32,553,348|
|Purchase|of investments|||(2,362,360)|(30,049,729)|
|Net cash|provided
by investing
activities|||9,450,022|3,093,580|
|Change|In cash and cash equivalents|in|the year|(776,637)|1,165,739|
|Cash and cash equivalents
at the beginning|||ofthe year|2,939,395|1,773,656|
|Cash and cash equivalents
at the end||of|the year|2,162,758|2,939,395|
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|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2021|2021|2020|
|||E|E|E|
|Legacy|income|27,368,318|27,368,318||
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|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2021|2021|2020|
|||f.||F|
|Dividend|income|462,907|462,907|496,112|
|Interest|on investments|58,591|58,591|99,849|
|||521,498|521,498|595,961|
|Total 20|20|595,961|595,961||
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|||Support|Total|Total|
|---|---|---|---|---|
||Grant giving|costs|funds|funds|
||2021|2021|2021|2020|
||F|F.|F|F|
|Grants awarded|4,382,488|186,715|4,569,203|1,609,264|
|Grant administration|12,000||12,000|12,000|
||4,394,488|186,715|4,581,203|1,621,264|
|Total 2020|1,446,617|174,647|1,621,264||
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|||Total|Total|
|---|---|---|---|
|||funds|funds|
|||2021|2020|
|||F|F|
|Staff costs||12,000|12,000|
|Grants awarded|(note 5)|4,382,488|1,365,732|
|Interest on discounting|||68,885|
|Total 2021||4,394,488|1,446,617|
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||||||Total|Total|
|---|---|---|---|---|---|---|
||||||funds|funds|
||||||2021|2020|
||||||F||
|Staff costs|||||16,313|15,204|
|Professional||fees in support of grant||programme|72,581|65,691|
|Administration||and|other professional|fees|76,447|68,661|
|Sundry|costs||||2,251|6,501|
|ITcosts|and|amortisation|||13373|10,490|
|Auditor's|remuneration||||4,850|7,200|
|Auditor's|non-audit||costs||900|900|
||||||186,715|174,647|
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||||Unrestricted|Total|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2021|2021|2020|
||||E|E||
|AESOP|||||95,529|
|Alzheimer's
Society|||1,846,427|1,846,427|163,600|
|Birmingham
Botanical||Gardens|54,000|54,000|72,672|
|Bradford literature|festival||81,756|81,756||
|British Red Cross|||||150,000|
|Cancer Research|UK||230,062|230,062||
|Child Brain Injury|Trust||90,003|90,003||
|Dame Kelly Holmes|||86,324|86,324||
|Deaf Action|||100,000|100,000||
|Hospice Action|||148,000|148,000||
|FareShare|||||75,000|
|Oxford Botanical|Garden||64,660|64,660||
|Rural Arts - Courthouse|||||59,403|
|The Sanata Charitable||Trust|||250,000|
|Spinal Injuries|||99,046|99,046||
|Thrive|||100,000|100,000||
|Tinnitus Association|||65,943|65,943||
|TLC:Talk Listen|Change||99,929|99,929||
|Two Ridings - Covid 19Fund|||||100,000|
|Two Ridings|||||137,500|
|University
of Exeter|||150,000|150,000||
|Winston's
Wish|||100,000|100,000||
|York Arboretum|||50,000|50,000||
|Other grants|||1,016,338|1,016,338|262,028|
|Total 2021|||4,382,488|4,382,488|1,365,732|
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|Staffcosts||||||
|---|---|---|---|---|---|
|||||2021|2020|
|||||E||
|Wages and|salaries|||25,408|24,185|
|Social security costs||||2,290|2,267|
|Contribution|to defined|contribution|pension schemes|615|752|
|||||28,313|27,204|
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|Intangible assets||
|---|---|
||Website|
|Cost||
|At 1 October 2020|17,952|
|At 30September 2021|17,952|
|Amortisation||
|At 1 October 2020|3,065|
|Charge for the year|3,518|
|At 30September 2021|6,583|
|Net book value||
|At 30September 2021|11,369|
|At 30September 2020|14,887|
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||Listed|||
|---|---|---|---|
||investmentsf|Cash
E|Total|
|Cost or valuation||||
|At 1 October 2020|34,974,838|1,217,658|36,192,496|
|Additions|27,104,628|350,330|27,454,958|
|Disposals|(11,186,417)|(102,749)|(11,289,166)|
|Revaluations|4,740,531||4,740,531|
|At 30September 2021|55,633,580|1,465,239|57,098,819|
|Net book value||||
|At 30September 2021|55&633,580|1,465,239|57,098&819|
|At 30September 2020|34,974,838|1,217,658|36,192,496|
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|||2021|2020|
|---|---|---|---|
|||E||
|Due within|one year|||
|Prepayments|and accrued income|8,582,794|11,014|
|||8,582,794|11,014|
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||||2021
E|2020f|
|---|---|---|---|---|
|Grants awarded|but not yet paid||2,503,868|1,587,254|
|Accruals and deferred||income|53,401|34,735|
||||2,557,269|1,621,989|
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||||||2021|2020|
|---|---|---|---|---|---|---|
||||||E||
||Grants awarded|but not|yet paid||600,401|625,889|
|12.|Reconciliation|ofgrants payable|||||
||||||Total|Total|
||||||funds|funds|
|||||2021|2021|2020|
||||||E|F|
||Brought Forward|||2,213,143|2,213,143|2,319,688|
||Grants awarded|in the year (note 4)||4,382,488|4,382,488|1,365,732|
||Grants paid or released||in the year|(3,491,362)|(3,491,362)|(1,541,162)|
||Interest released|on discounting||||68,885|
||Carried forward|||3,104,269|3,104,269|2,213,143|
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|||||||Balance at|
|---|---|---|---|---|---|---|
|||Balance at 1||||30|
|||October|||Gains/|September|
|||2020|Income|Expenditure|(Losses)|2021|
|||F|E||F|F|
|Unrestricted|funds||||||
|General funds||36,909,914|27,889,816|(4,843,909)|4,742,250|64,698,071|
|Statement of|funds - prior year||||||
|||||||Balance at|
|||Balance at||||30|
|||1 October|||Gains/|September|
|||2019
F|Income
f|Expenditure|(Losses)|2020
F|
|Unrestricted|funds||||||
|General funds||38,492,054|595,961|(1,832,571)|(345,530)|36,909,914|
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|||||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||f.|F|
|Net
income/expenditure||for|the|year|(as|per|Statement|of|Financial|||
|Activities)||||||||||27,788,157|(1,582,140)|
|Adjustments
for.||||||||||||
|Amortisation
charges||||||||||3,518|3,065|
|(Gains)/losses
on investments||||||||||(4,742,250)|345,530|
|Dividends,
interests|and rents||from|investments||||||(521,498)|(595,961)|
|(Increase)/decrease|in|debtors||||||||(8,571,780)|1,879|
|(Decrease)
/ increase||in creditors||||||||909,792|(100,214)|
|Donated
investments||||||||||(26,092,598)||
|Net cash used in operating|||activities|||||||(10,226,659)|(1,927,841)|
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|||||2021|2020|
|---|---|---|---|---|---|
||||||F|
|Cash in hand||||2,162,758|2,939,395|
|Total cash and cash||equivalents||2,162,758|2,939,395|
|Analysis ofchanges||in net debt||||
||||At 1||At 30|
||||October||September|
||||2020|Cash flows|2021f|
|Cash at bank and|in hand||2,939,395|(776,637)|2,162,758|
||||2,939,395|(776,637)|2,162,758|
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