The Chartley Foundation
REPORT AND FINANCIAL STATEMENTS
31 D¢¢•mber 2021
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|`TRUSTEES'ANNUALREPORT`|`1`|
|---|---|
|`STATEMENTOFTRUSTEES'RESPONSIBILITIES`|`5`|
|`INDEPENDENTAUDITOR'SREPORT`|`6`|
|`STATEMENTOFFINANCIALACTIVITIES`|`10`|
|`BALANCESHEET`|`H`|
|`STATEMENTOFCASHFLOWS`|`12`|
|`ACCOUNTINGPOLICIES`|`13`|
|`NOTESTOTHEFINANCIALSTATEMENTS`|`15`|
|`APPENDIX1 `|`20`|
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|`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`|
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||||||`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`|
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|||`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`|
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||`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`|
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|`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`|
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||`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`|
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||`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`||