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2022-03-31-accounts

Accountants Azets
Thorpe House
93Headlands
Kettering
NN15 6BL
Independent examiner Azets Audit Services
Thorpe House
93Headlands
Kettering
NN15 6BL

Page
Trustees'
report		 1-3
Independent
examiner's		 report
Statement offinancial activities
Balance sheet
Statement ofcash flows
Notes to the financial statements 9-19

Unrestricted Endowment Total Unrestricted Endowment Total
funds funds funds funds
2022 2022 2022 2021 2021 2021
Notes 6 6 8 8 6 6
Donations
and
legacies 5,047,959 5,047,959
Investments 55,066 55,066 31,868 31,868
Total income and
endowments 55,066 5,047,959 5,103,025 31,868 31,868
Raising funds 14,769 14,769 10,711 10,711
Charitable
activities		 6 53,186 53,186 23,388 23,388
Total expenditure 53,186 14,769 67,955 23,388 10,711 34,099
Net gains/(losses) on
investments 10 222,680 222,680 443,400 443,400
Net movement in funds 1,880 5,255,870 5,257,750 8,480 432,689 441,169
Fund balances at 1 April
2021 13,322 1,657,516 1,670,838 4,842 1,224,827 1,229,669
Fund balances at 31
March 2022 15,202 6,913,386 6,928,588 13,322 1,657,516 1,670,838

2022 2021
Notes 6
Fixed assets
Tangible assets 12 1,240
Investments 13 6,751,380 1,671,055
6,752,620 1,671,055
Current assets
Debtors 14 194,135 3,673
Cash at bank and in hand 11,656
194,135 15,329
Creditors: amounts falling due within
one year 16 (18,167) (15,546)
Net current assets/(liabilities) 175,968 (217)
Total assets less current liabilities 6,928,588 1,670,838
Capital funds
General endowment funds 6,913,386 1,657,516
6,913,386 1,657,516
Permanent endowment
Expendable endowment 6,913,386 1,657,516
17 6,913,386 1,657,516
Income funds
Unrestricted funds 15,202 13,322
6,928,588 1,670,838

2022 2021
Notes E 6 6
Cash flows from operating activities
Cash generated
from/(absorbed		 by) 20
operations 167,645 (32,388)
Investing activities
Purchase oftangible fixed assets (1,312)
Purchase of investments (1,108,715) (74,156)
Proceeds on disposal of investments 927,192 83,277
Investment income received 45,372 31,868
Net cash (used in)/generated from
investing activities (137,463) 40,989
Net cash used in financing activities
Net increase
in cash and cash		 equivalents 30,182 8,601
Cash and cash equivalents at beginning ofyear 20,406 11,805
Cash and cash equivalents at end of year 50,588 20,406
Relating to:
Cash at bank and in hand 11,656
Cash held for future investment 51,217 8,750
Bank overdrafts
included
in		 creditors payable
within one year (629)

Endowment Total
funds
general
2022 2021
E 5
Legacies receivable 5,047,959
Legacies receivable
Residuary legacy - Listed investments at fair value 4,633,655
Residuary legacy -cash 235,719
Residuary legacy - amount due from estate at 31 March 2022 178,585
5,047,959

Unrestricted Unrestricted
funds funds
2022
6		 2021f
Income from listed investments - dividends received 55,066 31,868
Raising funds
Endowment Endowment
funds funds
general general
2022 2021
E
Investment management 14,769 10,711
14,769 10,711
Charitable activities
Grant Grant
making making
2022 2021
8 6
Grant funding ofactivities (see note 7) 31,500 13,500
Share ofsupport costs (see note 8) 2,871 1,828
Share ofgovernance costs (see note 8) 18,815 8,060
53,186 23,388
5

6
 Income from listed investments
- dividends
received
Raising funds
Investment
management
Charitable
activities

Grant making Grant making
2022 2021
2 f
Grants to institutions:
Animal care 1,000
Care ofyoung people 3,000 4,000
Medical research, medicine and other care 5,500 5,000
Mental health
well		 being, care and support 3,000
Music and the arts 1,000 500
Refugee support 11,000
Relief offinancial hardship 3,000
Religion and care ofplaces ofworship 2,000 1,500
Rescue and support organisations 3,000 1,500
31,500 13,500

8 Support costs
Support Governance 2022Support costs Governance 2021
costs costs costs
8 6 F
Depreciation 72 72
Solicitors' fees - Grant
making costs 2,756 2,756 1,828 1,828
Bank charges 43 43
Independent
examiner's
remuneration 13,224 13,224 4,404 4,404
Solicitors' fees-
Administration costs 5,511 5,511 3,656 3,656
Trustees' expenses 80 80
2,871 18,815 21,686 1,828 8,060 9,888
Analysed
between
Charitable
activities		 2,871 18,815 21,686 1,828 8,060 9,888

Endowment Endowment
funds funds
general general
2022 2021
Revaluation of investments 174,656 421,970
Gain/(loss) on sale ofinvestments 48,024 21,430
222,680 443,400

Tangible fix ed asset s
Computers
8
Cost
Additions 1,312
At 31 March 2022 1,312
Depreciation and impairment
Depreciation charged in the year 72
At 31 March 2022 72
Carrying
amount
At 31 March 2022 1,240
Fixed ass et investments
Listed Cash in Total
investments portfolio
8
Cost or valuation
At 1April 2021 1,862,305 8,750 1,671,055
Additions 5,742,370 42,467 5,784,837
Valuation changes 174,656 174,656
Disposals (879,168) (879,168)
At 31 March 2022 6,700,163 51,217 6,751,380
Carrying amount
At 31 March 2022 6,700,163 51,217 6,751,380
At 31 March 2021 1,662,305 8,750 1,871,055

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18 Analysis of net assets between funds
Unrestricted Endowment Total Unrestricted Endowment Total
funds funds funds funds
2022 2022 2022 2021 2021 2021
6 E 6 6 f 6
Fund balances at 31
March 2022 are
represented by:
Tangible assets 1,240 1,240
Investments 6,751,380 6,751,380 1,671,055 1,671,055
Current assets/(liabilities) 13,962 162,006 175,968 13,322 (13,539) (217)
15,202 6,913,386 6,928,588 13,322 1,657,516 1,670,838

During the period, the following transactions with trustees
and relate		 with trustees
and relate		 with trustees
and relate		 d part ies occurred. ies occurred.
Investment
management
fees ofF14,769		 (2021510,711),including fees accrued at the period end ofF4,693
(2021:82,850),were payable to Charles Stanley &Co Limited, a company which employs
Mr C Marment.
20 Cash generated
from operations		 2022 2021
K K
Surplus for the year 5,257,750 441,169
Adjustments
for:
Investment
income recognised
in statement		 offinancial activities (55,086) (31,888)
Investments
transferred
as part of legacy received		 (4,633,655)
Gain on disposal of investments (48,024) (21,430)
Fair value gains and losses on investments (174,656) (421,970)
Depreciation
and impairment
oftangible fixed assets		 72
Investment
income - non-cash
dividend		 1,197
Movements
in working
capital:
(Increase)
in debtors		 (181,965) (2,632)
Increase
in creditors		 1,992 4,343
Cash generated
from/(absorbed
by) operations		 167,645 (32,388)
21 Analysis ofchanges
in net funds

Delags otgrants made to Insdludons to Insdludons to Insdludons to Insdludons to Insdludons
2022 2021
2 2
Anlnml care
Anmahin
Need-Maxicars		 500
The Olive Rmt ay project 500
1,000
Care ofyoung people
Actlvgeelis 50D
EIIUete 500
GelSst Gids 1.000
Happy Days Children's Chanty 500
Home Start (Famgles with young children) 1,000 500
LIVEI 500
PACE 500
The IR4tridgs Foundaoon 500
Up14 Away 600
Winston's Wish 1,000
3,000 4,000
Medical research, mmllclne end other cars
Aubsm
Early Support		 500
Aslhms
Rsgsf
(Msdiceg		 500
Sahsahg
Hospital Appeal		 500
Setyl Thyer Memorial Trust 500
Chatse Wailer Memonal Trust 1,000 500
Crensley Hospice 1.000 500
Deslgnebsay 500
NorPIP 500
Notmemptonseire
Domeec muse		 1,000
Path Coric8hl I,MD
PSPA
SeppmtDUUU 500
The Fire Fightem Charily (Fire and rescue personnel and dependents) 500
Vine Communcy
Tmst		 1.000 500
5,500 5,0M
Mental heaNh wsa hsing, care and support
Henlilsss 1,000
Ksusdng Assodason
for Mental		 Health I,DM
Ths Anne Freud Centre 1,000
3,000
Musie and Ihe erie
Amicorum
Choir		 1,000
Camsrsts Smgers 500
1,000 500
Refugee Support
Care4Calais 2,000
Hear Me Out Muiiic 1,000
Kent Refugee Achon Network 2.000
RefUgee Actloh 2,0M
Refugee Coundl 2,000
Women for Refugee Women 2,00D
11,000
Regef ofgnanclal
hardship
Eher Luymdos 'I,DDD
Gmng World 1.000
The Keuerlng
Foodbank		 1.000
3.000
Reaglon and cars elplaces ofworship
Crenford PCC 1,000 500
sunon Lndmer pcc 500
Friends ofsl Maryh sunon Learner 1.000 5M
2.MD 1.500
Rescue and sepporl orgsnlssgons
Kettering Street Pastom 1,000 500
Normamptonshire
and		 Warwickshire Air Ambulance Trust 1,000 500
Notthamptonshire
Search and Rescue		 1,000 500
3.000 1,500
Tolel Sterile 31.500 13,500