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|**Planet**||**Carbon footprint**|
|---|---|---|
|**i**|Carbonemissions:anaggregateoftheannualscope 1 and2carbonemissions(intonnes) thatcanbe
attributedto yourholdingsofthe companies inwhichyouareinvested. Forcomparison,_an_ average
passengervehicleemits 5tonnesofCO2eachyear,anaveragehome emits9tonnesofCOeahyearand
_a_flightfrom Londonto NewYorkisequivalentto 1tonneofCO2emissions.|**1,692 +ones otco2**
**vs benchmark**
**2,829 tonnes of CO2**|
|People**t**|Social dividend:theoverallsocialcontribution ofthecompaniesinwhichyouareinvested, expressedasa
percentageof sales. Forexample,ascoreof+2%means thattheportfolioadds$2 ofbenefitstosocietyfor
every**$**100ofsales.Thesocialcontributionofbusinessthat**we**valueaspartofthis scoreincludesaspets
suchasfair work,tax,medicineprovision,financial indusionandaccesstowater.|**Social dividend**
**2.9%p.a.**
**vs benchmark**
**-1.5% p.a.**|
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|||**2022**|2021|
|---|---|---|---|
|||**Total**|Total|
|||**Funds**|Funds|
||Note|£|£|
|**Income**||||
|Investment income|2|**1,174,434**|1,307,599|
|**Total income**||**1,174,434**|1,307,599|
|**Expenditure**||||
|Costsof raising funds||||
|Investment management costs|3|**246,353**|228,338|
|Expenditure on charitable activities:||||
|Educational Institutions/Associations/ Charitable Trusts|**4**|**1,734,416**|2,849,570|
|Competitions and prizes|4|**45,300**|78,618|
|**Total expenditure on charitable activities**||**1,779,716**|2,928,188|
|**Total expenditure**||**2,026,069**|3,156,526|
|**Net expenditure before gains and losses**||**(851,635)**|(1,848,927)|
|Net gainson investments|9|**3,916,666**|10,685,223|
|**Net income and net movement in**||||
|**funds for the year**|12|**3,065,031**|8,836,296|
|**Reconciliation of Funds**||||
|Total Funds Brought Forward||**63,025,080**|54,188,784|
|Total Funds Carried Forward|12,13|**66,090,111**|63,025,080|
##
##
|||**2022**|2021|
|---|---|---|---|
|||**Unrestricted**|Unrestricted|
||Note|**Funds**|Funds|
|||£|£|
|**Cash used in operating activities**|16|**(3,001,035)**|(2,175,041)|
|**Cash flows from investing activities:**||||
|Investment income||**1,174,434**|1,307,599|
|Purchase of investments||**(12,919,318)**|(39,519,566)|
|Proceeds of disposalsof investments||**14,528,257**|40,495,843|
|Payments to investment portfolio cash||**(63.768)**|(130,567)|
|Cash provided by investing activities||**2,719,605**|2,153,309|
|Decrease in cash and cash equivalents in the year||**(281,430)**|(21,732)|
|Cash and cash equivalents at the beginning ofthe year||**532,662**|554,394|
|**Total cash and cash equivalents at the end of the year**||**251,232**|532,662|
|**Cash balance comprises**||||
|Cash at bank||**251,232**|532,662|
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|||**2022**|2021|
|---|---|---|---|
|||£|£|
|**2**|**Investment income**|||
||Listed investments|**1,174,430**|1,307,561|
||Interestfrom cash deposit|**4**|38|
||Total investment income|**1174 434**|1.307 599|
|||**2022**|2021|
|**3**|**Costs of raising funds**|£|£|
||Investment Management Fees|**246,353**|228,338|
##
##
|Costsof grantmaking|||
|---|---|---|
|Educational Institutions|**1,734,416**|2,849,570|
|Competitions and prizes|**45,300**|78,618|
||**1,779,716**|2,928,188|
|Grants committed but not paid at start of year|**(1,028,000)**|(48,000)|
|Grants paid during the year|**2,584,033**|1,763,985|
|Grants committed but not yet paid at end of year|**25,500**|1,028,000|
|Grants awarded during the year|**1,581,533**|2,743,985|
|Grants awarded and paid during the year(pages 66 to 67)|**1,558,033**|1,715,985|
|Grants committed in yearbut not yet paid at end ofyear|**25,500**|1,028,000|
|Grant awarded in 2021 written back|**(2,000)**||
|Support and governance costs (see note 5)|**198,183**|184,203|
|Total cost of charitable activities|**1779716**|2,928,188|
|||**Educational**|**Competitions**|||
|---|---|---|---|---|---|
|||**Institutions**|**and prizes**|£||
|**5**|**Support and governance costs**|||||
||Accountancyfees|9,154|144|**9,298**||
||Audit fees|10,161|159|**10,320**||
||Legal and Professional|1,920|30|**1,950**||
||General office expenses|8,418|132|**8,550**||
||Office rental|33,044|518|**33,562**||
||Staff costs and emoluments|132,426|2,077|**134,503**||
|||195,123|3,060|**198,183**||
|||||2021||
||Accountancyfees|8,676|191|8,867||
||Audit fees|9,510|210|9,720||
||Legal and Professional|||||
||General office expenses|4,863|107|4,970||
||Office rental|33,614|741|34,355||
||Staff costs and emoluments|120,513|2,658|123,171||
|||180,229|3,974|184,203||
|||||**2022**|2021|
||Audit feescomprise:|||£|£|
||Audit fee|||**10,320**|9,720|
|**6**|**Staff costs and emoluments**|||£|£|
||Salariesand fees|||**119,072**|108,206|
||Social Securitycosts|||**4,196**|3,946|
||Pension costs|||**10,416**|10,200|
||Healthcare|||**819**|819|
|||||**134,503**|123171|
##
##
|**7**|**Pension Costs**||||||
|---|---|---|---|---|---|---|
||The charity's contribution forthe period to the scheme is asfollows:||||||
||||||**2022**|2021|
||||||£|£|
||Staff pension contribution||||**10 416**|10,200|
|**8**|**Tangible Fixed Assets**||||Computer|**2022**|
||||||Equipment|**Total**|
||||||£|£|
||Cost||||||
||As at 1 April 2021 and 31st March 2022||||199|**199**|
||Depreciation||||||
||As at 1 April 2021 and 31st March 2022||||199|**199**|
||Net BookValue||||||
||As at 1 April 2021 and 31st March 2022||||||
|||||**2022**|2021|2021|
|**9**|**Investment assets**||£|£|£|£|
||Listed investments||||||
||Market value at 1 April 2021|||**62,815,058**||53,106,112|
||Additions during the year at cost|||**12,919,318**||39,519,566|
||Disposal proceeds|||**(14,528,257)**||(40,495,843)|
||Realised Gains||**870,686**||3,149,359||
||Un-realised gains||**3,045,980**||7,535,864||
|||||**3,916,666**||10,685,223|
||Market value at 31st March 2022|||**65,122,785**||62,815,058|
||Cash held for Investment|||**769,883**||706,115|
||Total Investment value at 31st March 2022|||**65,892,668**||63,521,173|
||Investment at market value comprised of:||||||
|||**UK**|**Overseas**|**Total**||Total|
|||£|£|£||£|
||Pooled Investment Vehicles|**21,337,616**|**38,209,961**|**59,547,577**||56,938,685|
||Fixed Interest Securities|**1,645,852**|**3,929,356**|**5,575,208**||5,876,373|
||Cash|**769,883**||**769,883**||706,115|
|||**23,753,351**|**42,_139,317**|**65,892,668**||63 521 173|
||Historical Cost of Investments|||**54,343,002**||54 583 096|
||All the Trust's Investments are held in the United Kingdom.||||||
##
|||**2022**|2021|
|---|---|---|---|
|**1 O Debtors and prepayments**||£|£|
|Interest and dividends receivable||**38,738**|57,580|
|Sundry debtors||**16,158**|16,708|
|||**54,896**|74,288|
|||**2022**|2021|
|**11 Creditors: amounts falling due within one year**||£|£|
|Accruals||**75,905**|74,176|
|Grants payable||**25,500**|1,028,000|
|Sundry creditors||**7,280**|867|
|||**108,685**|1,103,043|
|||**2022**|2021|
|**12 Unrestricted Funds**||£|£|
|General Funds||||
|Balance at 1 April 2021||**63,025,080**|54,188,784|
|Increase during the year||**3,065,031**|8,836,296|
|Balance at 31 March 2022||**66,090,111**|63,025,080|
|**13 Analysis of Net Assets Between Funds**|**Investments**|**Net Current**&|**2022**|
|||**Fixed Assets**|**Total**|
||£|£|£|
|Unrestricted Funds|65,892,668|197,443|**66,090,111**|
||65,892,668|197,443|**66,090,111**|
||Investments|Net Current|2021|
|||Liabilities &||
|||Fixed Assets|Total|
||£|£|£|
|Unrestricted Funds|63,521,173|(496,093)|63,025,080|
||63,521,173|(496.093)|63,025,080|
##
||**2022**|2021|
|---|---|---|
||£|£|
|Net movement in funds|**3,065,031**|8,836,296|
|Deduct interest income shown in investing activities|**(1,174,434)**|(1,307,599)|
|Deduct gains on investments|**(3,916,666)**|(10,685,223)|
|Decrease_I_ (increase)in debtors|**19,392**|(638)|
|(Decrease)_I_ increase in creditors|**(994.358)**|982,123|
|**Net cash used in operating activities**|**(3,001,035)**|(2,175,041)|
##
##
|All SaintsAcademy Plymouth|||37,968|
|---|---|---|---|
|Apprenticeships in Scotland CIC||**5,000**||
|Artichoke|||2,300|
|Be Inclusive HospitalityCIC||**10,000**||
|Beresford Street Kitchen||**4,500**|9,750|
|Beyond Food Foundation||**12,500**|12,200|
|Big Education Trust||**4,500**||
|Bristol Free School||**49,263**||
|British Nutrition Foundation|||15,000|
|Broadland High Ormiston Academy||**54,550**||
|Brookvale Groby Learning Trust||**16,000**||
|Bury College|||120,000|
|CallanderYouth Project|||17,443|
|Camelsdale Primary School||**400**||
|Cavendish School|||75,000|
|CityCollege Plymouth||**17,649**|11,766|
|Clevedon School||**30,530**||
|Cook School|||4,500|
|Coundon Court School||**7,697**||
|Craven College|||60,000|
|Dumfries&GallowayCollege||**14,046**||
|Esher High School||**3,669**||
|Farnborough College of Technology|||22,608|
|FarneyClose High School||**16,750**||
|Feasted CIC||**4,490**||
|Featherstone Primary and Nursery School|||4,500|
|Feed the Hungry||**4,500**||
|Folkestone College||**60,000**||
|Framingham Earl High School|||15,680|
|Great Yarmouth CharterAcademy|||18,600|
|Greater ManchesterAcademiesTrust||**68,000**||
|Grimsby Institute of Furtherand Higher Education|||1,000|
|Hele's School|||64,777|
|HospitalityAction||**150,000**|50,000|
|Hospitality Health||**4,500**||
|Hospitality Industry Trust (HIT) Scotland||**30,000**|30,000|
|Hospitality Professionals Association (HOSPA)|||12,300|
|Hotel School||**61,000**||
|Inspired CommunityGroup CIC||**4,500**|4,500|
|Institute of Hospitality||**10,152**||
|Launceston College||**60,000**||
|Learn Resilience||**11,450**||
|Litcham School||**60,000**||
|Longfield Academy|||50,732|
|Loughborough College|||29,755|
|Mayfield School||**44,132**||
|Merton College|||500|
|Mission EmployAble|||10,000|
|Mullion School|||55,000|
|North Halifax GrammarSchool|||43,342|
|Orchard Hill College Academy- returned grant|||(40,000)|
|Oxford Brookes University||**2,000**||
|Oxford Cultural Collective Trust||**22,500**||
|Plympton Academy|||27,196|
|Plymstock School|||69,514|
|POP Recs CIC|||24,669|
|Prisoners Education Trust|||3,766|
|Ringwood School|||55,000|
|Riverside College||**6,757**|5,636|
|Room to Reward||**3,000**||
|RothesayAcademy||**4,433**||
|Royal Academyof Culinary Arts 'Adopt-A-School'Trust||**77,905**||
|Runshaw College|||2,650|
|Sandbach School||**9,376**|45,000|
||Carried forward|**945,749**|972,652|
##
##
|||**2022**|2021|
|---|---|---|---|
|||£|£|
|**GRANTS-EDUCATIONAL INSTITUTIONS/ASSOCIATIONS/CHARITABLE **|**TRUSTS (continued)**|||
||Brought forward|**945,749**|972,652|
|SettlebeckSchool||**30,000**||
|Shiva Foundation|||4,304|
|SirJohn LawesSchool|||45,000|
|South Devon College||**23,066**|14,300|
|Spitalfields Crypt Trust||**4,500**|4,300|
|Square Food Foundation||**4,500**|1,489|
|St. Aidan'sCE High School||**1,800**||
|St. John FisherCatholicChurch|||33,568|
|St. Joseph's RC School|||55,000|
|St. Mary's CatholicPrimary School||**4,500**||
|Stamford Welland Academy|||3,400|
|Storrington Primary School||**10,000**||
|Tameside College||**4,500**||
|Team Domenica||**4,500**|4,500|
|The Ashcombe School||**60,000**||
|The AvenuesYouth Project||**4,500**||
|The Burnt Chef Project||**19,440**||
|The Centre School||**4,143**||
|The Charles DickensSchool|||60,000|
|The CooperSchool||**40,000**||
|The Crumbs Project|||4,500|
|The DeepingsSchool|||12,000|
|The Federation Café||**1,298**||
|The Food Teacher|||1,200|
|The Forest School|||60,000|
|The House of St Barnabas||**4,500**|4,500|
|The Hundred of HooAcademy|||70,150|
|The McAuleyCatholic High School||**1,592**||
|The Reach Free School|||556|
|The Springboard Charity|||110,000|
|The St. Marylebone CESchool|||2,924|
|The Worshipful Co of lnnholders||**50,000**||
|Trafford College||**75,000**||
|UniversityCollege Birmingham||**30,000**|57,495|
|Universityof Essex|||9,000|
|UniversityofSurrey||**41,200**|41,200|
|Wakefield College||**24,375**||
|Waltham Forest College||**52,000**||
|Well Grounded||**4,500**||
|West College Scotland||**19,950**|25,370|
|West Faversham Community Association|||5,570|
|West London College||**31,000**||
|West Nottinghamshire College|||53,796|
|Wyedean School||**37,000**||
|||**1,533,613**|1656774|
|**GRANTS-COMPETITIONS & PRIZES**||||
|British Culinary Federation||**5,000**||
|Institute of Hospitality||**4,420**||
|Nestle UKLtd forToque D'Or||**11,000**|10,250|
|The Craft Guild of Chefs||**4,000**|6,000|
|The Springboard CharityFutureChef Programme|||40,961|
|UniversityCollege Birmingham - UCBYoung Chef ofthe Year"|||2,000|
|||**24420**|59.211|
|**GRANTS AWARDED AND PAID DURING THE YEAR**||**1,558,033**|1,715,985|
|Grants awarded in 2021 and paid in 2022||**1,026,000**|48,000|
|**GRANTS PAID DURING THE YEAR**||**2,584,033**|1763985|
|**GRANTS AWARDED AND NOT PAID AT THE END OF THE YEAR**||||
|Middlesex University||**3,500**||
|Oxford Cultural Collective Trust||**17,500**||
|Saira Hospitality||**4,500**||
|The Geoffrey Harrison Foundation|||18,000|
|The Springboard Charity|||1,000,000|
|UniversityofWest London Scholarship Scheme|||10,000|
|||**25,500**|1,028,000|