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|||||Page|
|---|---|---|---|---|
|Reference|and administrative||details|1-2|
|Trustees'|report|||3-9|
|Trustees'|responsibilities
statement|||10|
|Independent
auditor's||report||11 - 14|
|Statement|offinancial|activities||15|
|Balance sheet||||16-17|
|Statement|ofcash flows|||18|
|Notes to the financial||statements||19-29|
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|Trustees|||Mr D B H Aspinall,||Chair||
|---|---|---|---|---|---|---|
||||Professor C M Longson||||
||||Mrs SSiegel Poulios||||
||||Dr D L Stables||||
||||Aspinalls
Fiduciary||Limited (resigned|2 December 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||||
||||B1 2HB||||
||||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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|||||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|---|
|||||||funds|funds|funds|
|||||||2022|2022|2021|
||||||Note|||E|
|Income from:|||||||||
|Donations||||||421,219|421,219|27,368,318|
|Investments||||||910,752|910,752|521,498|
|Total income||||||1,331,971|1,331,971|27,889,816|
|Expenditure
on:|||||||||
|Investment
management||||costs||356,368|356,368|262,706|
|Charitable
activities||||||1,983,176|1,983,176|4,581,203|
|Total expenditure||||||2,339,544|2,339,544|4,843,909|
|Net expenditure||before||net (losses) Igains on|||||
|investments||||||(1,007,573)|(1,007,573)|23,045,907|
|Net (losses)
/ gains|||on investments|||(3,973,678)|(3,973,678)|4,742,250|
|Net movement|in funds|||||(4,981,251)|(4,981,251)|27,788,157|
|Reconciliation|offunds:||||||||
|Total funds
brought|||forward|||64,698,071|64,698,071|36,909,914|
|Net movement|in|funds||||(4,981,251)|(4,981,251)|27,788,157|
|Total funds carried forward||||||59,716,820|59,716,820|64,698,071|
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||||||2022||2021|
|---|---|---|---|---|---|---|---|
||||Note||||E|
|Fixed assets||||||||
|Intangible
assets|||||7,779||11,369|
|Investments|||||59,971,083||57,098,820|
||||||59,978,862||57,110,189|
|Current assets||||||||
|Debtors||||529,052||8,582,794||
|Cash at bank and|in hand|||1,870,402||2,162,758||
|||||2,399,454||10,745,552||
|Creditors: amounts|falling|due within one||||||
|year|||10|(1,693,232)||(2,557,269)||
|Net current assets|||||706,222||8,188,283|
|Total assets less|current|liabilities|||60,685,084||65,298,472|
|Creditors: amounts|falling|due after more||||||
|than one year|||||(968,264)||(600,401)|
|Total net assets|||||59,716,820||64,698,071|
|Charity funds||||||||
|Unrestricted
funds|||13||59,716,820||64,698,071|
|Total funds|||||59,716,820||64,698,071|
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||||||2022|2021|
|---|---|---|---|---|---|---|
|Cash flows from operating||activities|||||
|Net cash used
in operating|activities (see note 14)||||5,642,833|(10,226,659)|
|Cash flows from investing||activities|||||
|Dividends,
interests
and rents from investments|||||910,752|521,498|
|Proceeds from sale of investments|||||29,914,249|11,290,884|
|Purchase of investments|||||(36,760,190)|(2,362,360)|
|Net cash (used in)/provided||by investing|activities||(5,935,189)|9,450,022|
|Change
in cash and cash||equivalents
in|the year||(292,356)|(776,637)|
|Cash and cash equivalents||at the beginning|of the year||2,162,758|2,939,395|
|Cash and cash equivalents||at the end of|the year||1,870,402|2,162,758|
|The notes on pages 19to 29 form part ofthese financial||||statements|||
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|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2022|2022|2021|
|Legacy|income|421,219|421,219|27,368,318|
##
|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2022
E|2022f|2021
E|
|Dividend|income|817,187|817,187|462,907|
|Interest|on investments|93,565|93,565|58,591|
|||910,752|910,752|521,498|
|Total 2021||521,498|521,498||
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|||Support|Total|Total|
|---|---|---|---|---|
||Grant giving|costs|funds|funds|
||2022|2022|2022f|2021
E|
|Grants awarded|1,772,157|206,019|1,978,176|4,569,203|
|Grant administration|5,000||5,000|12,000|
||1,777,157|206,019|1,983,176|4,581,203|
|Total 2021|4,394,488|186,715|4,581,203||
##
||||||Total|Total|
|---|---|---|---|---|---|---|
||||||funds|funds|
||||||2022|2021|
|||||||E|
|Staff costs|||||11,206|16,313|
|Professional||fees|in support of grant|programme|86,898|72,581|
|Administration||and|other professional|fees|88,177|76,447|
|Sundry|costs||||614|2,251|
|ITcosts|and|amortisation|||11,374|13,373|
|Auditor's|remuneration||||6,750|4,850|
|Auditor's|non-audit||costs||1,000|900|
||||||206,019|186,715|
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|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2022|2022|2021|
|Alzheimer's
Society||||1,846,427|
|Bethlehem
Gallery||98,600|98,600||
|Birmingham
Botanical Gardens||||54,000|
|Bradford
literature
festival||||81,756|
|Brain and Spine Foundation||100,000|100,000||
|Brook Young People||100,000|100,000||
|Cancer Research
UK||||230,062|
|Child Brain Injury Trust||||90,003|
|Culture Squared
CIC||81,756|81,756||
|Dame Kelly Holmes||||86,324|
|Deaf Action||||100,000|
|FareShare||72,565|72,565||
|Hospice Action||||148,000|
|Music
in Hospital
and Care||100,000|100,000||
|Oxford Botanical Garden||||64,660|
|Prostate Cancer UK||98,920|98,920||
|Spinal Injuries||||99,046|
|Thrive||||100,000|
|Tinnitus
Association||||65,943|
|TLC:Talk Listen Change||||99,929|
|Tommy's||244,786|244,786||
|Two Ridings Community|Foundation|495,000|495,000||
|University
of Exeter||||150,000|
|University
of Leeds (Wild|ingleborough)|249,201|249,201||
|Winston's
Wish||||100,000|
|York Arboretum||||50,000|
|Other grants
&f50,000||399,329|399,329|1,016,338|
|Grants written back||(268,000)|(268,000)||
|Total 2022||1,772,157|1,772,157|4,382,488|
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|Staff costs||||||
|---|---|---|---|---|---|
|||||2022|2021|
|||||K|E|
|Wages and|salaries|||12,525|25,408|
|Social security costs||||2,555|2,290|
|Contribution|to defined|contribution|pension schemes|1,126|615|
|||||16,206|28,313|
|2022|2021|
|---|---|
|No.|No.|
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|Intangible asset|s||
|---|---|---|
|||Websitef|
|Cost|||
|At 1 October 2021||17,952|
|At 30September|2022|17,952|
|Amortisation|||
|At 1 October 2021||6,583|
|Charge for the year||3,590|
|At 30 September|2022|10,173|
|Net book value|||
|At 30 September|2022|7,779|
|At 30September|2021|11,369|
##
||Listed|||
|---|---|---|---|
||investments|Cash|Total|
|Cost or valuation||||
|At 1 October 2021|55,633,580|1,465,239|57,098,819|
|Additions|28,320,122|8,440,068|36,760,190|
|Disposals|(28,083,657)|(794,072)|(28,877,729)|
|Revaluations|(5,010,197)||(5,010,197)|
|At 30September 2022|50,859,848|9,111,235|59,971,083|
##
|2022f|2021
F|
|---|---|
|529,052|8,582,794|
##
|10.|Creditors: amounts|Creditors: amounts|falling due within one year|||
|---|---|---|---|---|---|
|||||2022|2021|
||||||E|
||Grants awarded|but not yet paid||1,629,895|2,503,868|
||Accruals and deferred||income|63,337|53,401|
|||||1,693,232|2,557,269|
|11.|Creditors: amounts||falling due after more than one year|||
|||||2022|2021|
||||||E|
||Grants awarded|but not yet paid||968,264|600,401|
|12.|Reconciliation|ofgrants payable||||
||||||Total|Total|
|---|---|---|---|---|---|---|
||||||funds|funds|
|||||2022|2022|2021|
|||||||E|
|Brought|Forward|||3,104,269|3,104,269|2,213,143|
|Grants|awarded|in the|year (note 5)|1,772,157|1,772,157|4,382,488|
|Grants|paid or released||in the year|(2,278,267)|(2,278,267)|(3,491,362)|
|Carried|forward|||2,598,159|2,598,159|3,104,269|
##
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|Statement of|funds - curr|ent year|||||
|---|---|---|---|---|---|---|
|||||||Balance at|
|||Balance at 1||||30|
|||October|||Gains/|September|
|||2021|Income|Expendituref|(Losses)|2022
f.|
|Unrestricted|funds||||||
|General funds||64,698,071|1,331,971|(2,339,544)|(3,973,678)|59,716,820|
|||||||Balance at|
|---|---|---|---|---|---|---|
|||Balance at||||30|
|||1 October|||Gains/|September|
|||2020|Income|Expenditure|(Losses)|2021|
|||||E|E|E|
|Unrestricted|funds||||||
|General funds||36,909,914|27,889,816|(4,843,909)|4,742,250|64,698,071|
##
|||||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||E|
|Net
income/(expenditure)|||for|the|year|(as|per|Statement|of Financial|||
|Activities)||||||||||(4,981,251)|27,788,157|
|Adjustments
for:||||||||||||
|Amortisation
charges||||||||||3,590|3,518|
|(Gains)/losses
on investments||||||||||3,973,678|(4,742,250)|
|Dividends,
interests|and||rents|from|investments|||||(910,752)|(521,498)|
|(Increase)/decrease||in debtors||||||||8,053,742|(8,571,780)|
|(Decrease)
/ increase||in|creditors|||||||(496,174)|909,792|
|Donated
investments|||||||||||(25,092,598)|
|Net cash provided|by/(used|||in) operating||activities||||5,642,833|(10,226,659)|
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|2022||2021|
|---|---|---|
|||E|
|1,870,402|2,|162,758|
##
|At 1||At 30|
|---|---|---|
|October||September|
|2021|Cash flows|2022|
|2,162,758|(292,356)|1,870,402|
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