The Chartley Foundation
REPORT AND FINANCIAL STATEMENTS
31 D¢¢•mber 2021
TRUSTEES'ANNUALREPORT |
1 |
STATEMENTOFTRUSTEES'RESPONSIBILITIES |
5 |
INDEPENDENTAUDITOR'SREPORT |
6 |
STATEMENTOFFINANCIALACTIVITIES |
10 |
BALANCESHEET |
H |
STATEMENTOFCASHFLOWS |
12 |
ACCOUNTINGPOLICIES |
13 |
NOTESTOTHEFINANCIALSTATEMENTS |
15 |
APPENDIX1 |
20 |
CharityNumber |
1154637 |
CompanyNumber |
8686083 |
Status |
TheChartleyFoundationisa companylimitedbyguarantee |
Trustees/CompanyDirectors |
DEDJohnson |
|
FMW
FitzherbertBaronStafford |
|
REPoole |
Auditors |
RSMUKAuditLLP |
|
StPhilipsPoint |
|
TempleRow |
|
Birmingham |
Bankers |
Handelsbankenpic |
|
1Lakeside |
|
FestivalPark |
|
Stoke-on-Trent |
InvestmentManagers |
SorbusPartnersLLP |
|
41aEastgateStreet |
|
Stafford |
LegalAdvisers |
FreethsLLP |
|
80CumberlandPlace |
|
MountStreet |
|
Nottingham |
RegisteredOffice |
ChartleyHall |
|
Stafford |
|
|
|
|
|
Total |
|
|
|
|
Total |
YearEnded |
|
|
Unrestricted |
Endowment |
31December |
31December |
INCOME |
Note |
Funds |
Ftmds |
2021 |
2020 |
|
|
£ |
£ |
£ |
£ |
Investmentincome |
1 |
155,910 |
|
155,910 |
208,460 |
TOTALINCOME |
|
155,910 |
|
155,910 |
208,460 |
Charitableactivities |
2 |
260,172 |
|
260,172 |
285,996 |
Investmentmanagementcosts |
3 |
- |
86,446 |
86,446 |
78,528 |
TOTALEXPENDITURE |
|
260,172 |
86,446 |
346,618 |
364,524 |
Netgainsoninvestments |
5 |
- |
780,187 |
780,187 |
65,921 |
NETINCOMEANDNET |
|
|
|
|
|
MOVEMENTINFUNDS |
|
|
|
|
|
FORTHEYEAR |
9 |
(104,262) |
693,741 |
589,479 |
(90,143) |
Totalfundsbroughtforward |
|
845,139 |
10,012,721 |
10,857,860 |
10,948,003 |
TOTALFUNDSCARRIED |
|
|
|
|
|
FORWARD |
9 |
740,877 |
10,706,462 |
11,447,339 |
10,857,860 |
|
|
2021 |
2020 |
|
Note |
£ |
£ |
CASHFLOWSFROMOPERATINGACnVITIES |
|
|
|
Netincome/(expenditure)forthereportingperiod |
|
589,479 |
(90,143) |
Investment(gains) |
|
(780,187) |
(65,921) |
(Decrease)/increaseincreditors |
6&7 |
(14,046) |
(5,054) |
Investmentincomereceived |
1 |
(155,910) |
(208,460) |
NETCASHUSEDINOPERATINGACTIVITIES |
|
(360,664) |
(369,578) |
CASHFLOWSFROMINVESTINGACTIVITIES: |
|
|
|
Investmentincome |
|
155,910 |
208,460 |
Proceedsfromsaleofinvestments |
|
7,915,519 |
2,713,260 |
Purchaseofinvestments |
|
(7,060,651) |
(3,098,464) |
Cashinvestment |
|
(768,422) |
463,732 |
NETCASHFROMINVESTINGACTIVITIES |
|
242,356 |
286,988 |
Decreaseincashandcash |
|
|
|
Equivalentsinthereportingperiod |
|
(118,308) |
(82,590) |
Cashandcashequivalentsatthebeginningofthe |
|
|
|
reportingperiod |
|
1,267,238 |
1,349,828 |
CASHANDCASHEQUIVALENTSATTHEEND |
|
|
|
OFTHEREPORTINGPERIOD |
|
1,148,930 |
1,267,238 |
|
Yearended |
Yearended |
|
31December |
31December |
|
2021 |
2020 |
|
£ |
£ |
Equities |
145,934 |
203,276 |
Bonds |
9,976 |
3,663 |
Cash |
- |
1,521 |
Total |
155,910 |
208,460 |
COMMITMENTSON:CHARITABLEACTIVITIES |
|
|
UNRESTRICTED |
|
|
|
Yearended |
Yearended |
|
31December |
31December |
|
2021 |
2020 |
|
£ |
£ |
Grantsawarded: |
|
|
StoneHockeyClub |
222,320 |
- |
DukeofEdinburgh |
100,000 |
- |
Game&
WildlifeConservationTrust |
30,000 |
65,649 |
StaffordshireCricket |
- |
50,000 |
RoyalForestrySociety |
58,920 |
- |
RedSquirrelTrust |
20,000 |
- |
StokeAthletic |
(84,789) |
75,000 |
NewVicTheatre |
97,195 |
70,800 |
OutwardBoundTrust |
(215,887) |
5,000 |
StaffordshireWildlifeTrust |
10,000 |
- |
StaffordshireCYP |
5,000 |
- |
Total |
242,759 |
266,449 |
SupportCosts: |
|
|
Officeservices |
7,200 |
9,600 |
Insurance |
1,419 |
1,070 |
Bankcharges |
374 |
377 |
AuditandTaxationfees |
8,420 |
8,500 |
|
17,413 |
19,547 |
Total |
260,172 |
285,996 |
FIXEDASSETINVESTMENTS- |
ENDOWMENTFUNDS |
|
|
|
|
2021 |
2020 |
Quotedinvestments |
|
£ |
£ |
Fairvalue1 January2021 |
|
10,012,721 |
10,025,328 |
Gains |
|
780,187 |
65,921 |
Purchaseofinvestments |
|
7,060,651 |
3,098,464 |
Saleofinvestments |
|
(7,915,519) |
(2,713,260) |
Cash(decrease)increase |
|
768,422 |
(463,732) |
Fairvalueat31December2021 |
|
10,706,462 |
10,012,721 |
|
|
2021 |
2020 |
|
|
£ |
£ |
Analysisofinvestmentsbytype |
|
|
|
Cash |
|
1,066,022 |
297,600 |
Bonds |
|
1,011,325 |
220,689 |
Equities |
|
6,868,922 |
8,349,409 |
Property |
|
455,089 |
324,650 |
Commodities |
|
1,305,104 |
820,373 |
Total |
|
10,706,462 |
10,012,721 |
|
Investments |
Cashat |
Creditors |
NetAssets |
|
£ |
bank |
£ |
£ |
|
|
£ |
|
|
UnrestrictedFunds |
- |
1,148,930 |
(408,053) |
740,877 |
EndowmentFund |
10,706,462 |
- |
- |
10,706,462 |
Totalnetassets |
10,706,462 |
1,148,930 |
(408,053) |
11,447,339 |
|
2021 |
Future |
|
GrantsPaid |
Commitments |
Grantsandfuturecommitments |
£ |
£ |
DukeofEdinburghAwardScheme |
100,000 |
|
TheOutwardBoundTrust |
33,104 |
|
RoyalForestrySociety |
30,530 |
44,190 |
StoneHockeyClub |
13,500 |
208,820 |
NewVicTheatre |
16,894 |
80,301 |
SCYP |
5,000 |
|
GWCT |
21,797 |
22,102 |
RedSquirrelSurvivalTrust |
20,000 |
|
StaffordshireWildlifeTrust |
10,000 |
|
StaffordshireCricket |
6,000 |
44,000 |
Totalcommitments |
256,825 |
399,413 |
Grantspaid |
£ |
|
2014 |
20,000 |
|
2015 |
80,000 |
|
2016 |
121,440 |
|
2017 |
157,407 |
|
2018 |
239,177 |
|
2019 |
124,761 |
|
2020 |
270,643 |
|
2021 |
256.825 |
|
|
1,270,253 |
|
Commitmentsat31December2021 |
399.413 |
|
Total |
1.669.666 |
|