IM irwinmitchell HE IAN M FOULERTON CHARITABLE TRUST REGISTERED CHARITY NO. 1164969 FINANCIAL STATEMEN ear ended S A ri1202 (Ref: 461305471
THE IAN M FOULERTON CHARITABLE TRUST RE TERED CHARrrY NO. 11 969 te tstoFln nclal Statem nded S A rll 2022 Annual Report of the Tnjstees ALKlitorfs Report Balance Sheet statement of Financial Aetivities 14 Notes 10 Financial Statements 1&19 Schedule of Investments
ANNUAL REPORT OF THE TRUSTEES For the year ended 5th April 2022 Full namè of Charlty.. The lan M Foulerton Charitable Trust Nature of goveming document: Will of lan Michael Foulerton dated 4 December 2009 Registration Numbor: 1164969 Trustoes". John Francis McEvoy Duncan Bemard O'Kelly Thomas Eggar Trust Corporation Ltd Dirgctors of Thomas Eggar Trust Corporatlon Ltd: Paula Caryn James Craig Alexander Marshall Darran FaWtt Sarah Phillips Caroline Shelton James Pavey Michael Taylor Reglstered Address: Thomas Eggar House, Frrdry Lane, Chichester, West Sussex. P019 1UF Banker: Barclays Bank Plc, 74-75 East Street, Chichester, West Sussex, P019 1HR Solicitors: Irwin Mitchell LLP, Thomas Eggar House, Friary Lane, Chi¢he$ter, West Sussex. P019 1 UF Indop•nd8nt Auditors: Jones Avens Limited, Chartered Accountants, Piper House. 4 Duke Court, Bognor Road, Chichester. West Sussex, P019 8FX Investment Managèrs: Sanlam UK Limited, St Johns Street, Chichester, Wesl Sussex, P019 1UP Operatlng Re6trl¢tions: Charitsble objects according to the Law of England Speclflc investment powers: Wide unrestricted powers given to the Trustees in the Will dated 4 December 2009 GA: 525735LI
Objects of the charlty . The Trustees shall hold the capital and income of the Trust Fund upon trust to apply the income and all or such part or parts of the capital at such lime or times and in such manner lo or for the benefit of such exclusivety charitable objects and purposes in any part of the worfd as the Trustees may in theirdiscretK)n think fit or towards (al The preseNation conservation protedion and resloralion for the public benefit of any buikling or buiklings of historic architectural or artistic or scientific interest and Importan including any ancillary land and buildings which are vested in others or in respect ofwhich the Charity shall have any interest or which shall or may at any time be vested in the Charity Ib) The presetvalion protection conservation and toration forthe public benefit of all furniture pictures historic records books manuscripts muniments armour porcelain silver and gold objects d'art and other iterns of historic artistic or scientific interest associated with or displayed in any such building or buildings {cl The advancement of the education of the public in buiklings and ancillary land and items ol historic architectural artistic or senriC interest through the creation maintenance and funding of grants bursaries scholarships and prizes for educational and research purposes and to increase the public's knowledge appreciation and enjoyment of such buildings land and items Organisation The Trustees who served during the year and since the year end are set out on page 1. The Tnjstees met during the year lo consider the future of the Trust. The statutory power of appointment applies in connection wth the apF)ointmenl of Trustees and is exercisable by the continuing and retiring Trustees. Grant making policies and aclNitI8s . The capital and income of the Trust is to provide only for the assistance orprovision of funds as detailed in the Will of lan M Foulerton dated 4 December 2009. The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Trust should undertake. Achlevements and perfomiance During the year the trust made 2312021.. 161 donations lotslling £167,500.00 (2021.. £135.380.001. Financial revlew and Investment pollcy There are no restrictions on the charity's power to invest. The investment strategy is sel by the trustees for a period of five years and takes account of demand for funds. The Iruslees consider the income quirements. the risk profile and the investrnent manager's view of the rnarkel prospects in the medium term. This strategy Is setwithin an overall policy which slates that the fund is to be invested in moderate risk investments wth a eW to ensuring that capiial appreciation of the fund exceeds inflation over each fwe year period. The funds may be invested in any type of investment. Our strategy is reviewed with our investment managers annually. During the year incoming resources totalled £48.414.7612021-£43,804.641, resources expended totslled £191,983.24 {2021 - £159,420.72>, and other recognised gainslllossesl lotalled £44,951.36, 12021 £335.134.61} As a result the fund balance carried forward at 5 April 2022 was £1,763,378.2012021 £1,861,995.32. The Truslees confim that they did not receive any remuneration during the year. nor were they reimtrr$ed for any expenses. ReseThes pollcy . It is the policy of the charity lo maintain unreslricled funds, which are the free reserves of the charity, al level which equates to approximatety six months expenditure. This provides 8uffi¢ienl funds lo cover management and administration and support costs and lo respond lo emergency applications for grants which may arise. Unrestricted funds were mainlained at this level throughout the year. GA.. 5257352 1
Risk management . The trustees have examined the major slralegic, business and operational risks which the charity faces and confirm that systems have been established to enable regular repotts to be produced so that the necessary steps can be taken lo lessen these risks. Trusto•$' rosponslbllltles In relatlon to th• financlal statements Law applicable to Charities in England and Wales requires the trustees lo prepare financial statements for each financial yearwhich give a true and fairview of the charity's financial activities during the year and of ils financial position at the end of the year, In preparing those financial ststemenls, the trustees are required lo.. sdect suitable a¢Unting policies and then apply them consistently., observe the methods and principles in the Charities SORP.. slate whether applicable accounting standards and ststements of recommended practice have been followed subject to any departures disclosed and explained in the Iinancial statements., and prepare the financial statements on the going concern basis unless it is inappropriate lo presijme that the charity will continue in business. The trustees are responsible for keeping accountTng records which disclose with reasonable accuracy at any time the fir¢ancial posits'on of the charity 2nd enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularits'es. The Trustees confim) that the accounts comply with the governing documenl. The $tstulory power of appointsnent applies in connection wth the appointment of Trustees and is er 2ble by the continuing and retiring Tnjslees. McEvoy D O'Kelly Ciirector For and on behalf of Thomas Eggar Trust Corporation Ltd <A £)a 2 GA.. 5257352 1
Pag¢ 4 THE IAN M FOULERTON CHARITABLE TRUST INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES OF THE IAN M FOULERTON CHARITABLE TRUST Oplnlon We have audited the financial statements of The lan IA Foulerton Charitable Trust (the 'chafity'l for the year ended 05 April 2022 whid) ¢omprfse the statement of financAal 2clivilies, the balance sheet and the notes to the finanual statements, duding a summary of signrficanl accounting pOl4e$. The financial reporting frarnework that has been applied in Ihelr preparation is applicable law and United Kingdom AoUntIng Standards. including Finan(ial Reporting Standard 102 The Financ1 Repothng StaFJdard applicable in the UK ancl Republ of lts18nd (United Kingdorn Generally Acpted Accounting PT8Cticel. In our opinion, the fina91 statem*nt$= give a true and fair VI of th& stsle of the charity's affairs as at 05 April 2022 and of its incL)ming resources and applicatson of resources, for thé year then ended., have bèen propedy prepared in accordance with Unitèd Kingdom Generally Aepted A¢Unting Practice,- and have been prepar•d in aGcord8nce wth the requiremenls of the Charitiès Act 2011. Basis for opinion We conducted our audit in ac£udance wth Intematlonal St8ndards on AudTrting {UIQ IISAS (UK)) and applicable law. Our respon$ibililies under those standards are further described in the Audilovs responsibilities for the audit of the accounts section of our rèport. We are independent of the charity in accordance wlh the elhi¢21 requirements that are relevant to our audit of the accounts in the UK, including the FRC'S Elhical Standard, and we have fulfilled our other ethical responsibilities in ac(¥Jrdan¢e wlh these requirements. We believe that the audrt evidence we have obtained is sufficient and appropriate tr) provide 8 b88rs for oui opinion. Conclusion8 relating to gng concom In auditing thè financi81 slalements. we have conchjded that the Trustees, use of the going concErn basis of attounting in the preparation of the financAal siatements is appropriate. Base(l on the rk we have perfOed, we have not identified any matèrial uncertainties relats'ng to evenis or conditions that, itvJividu3lly or utyllectivèly, rnay rasl significant doubl on Ihe charrty's abilty lo conlinue as a 9(Nng ¢on¢ern for 8 period of al least months from when the financkal statèmènts are authorised for issue. OUT responsibilities an¢J the resptsnsitilities of the Trustees vAth respect to going concern are deSlbed in the relevant sections of thts report. Othèr information The other infomi8ts.on comprises the infonnation induded in thè annual rep(Mt other than the firkgnaal statements and our auditorfs report thereon. Th& Trustees are respgnsible for the other information contained within the annual report. Our opinion on the financial staternents does not cover the other infomiation and we do not express any form ol assurance conclusion thereon. Our responsibilty 15 lo read the other infomation and, in doing 80. wnsider whether the other infomation is matèrially inconsistent with the financial stalemenis or our knovAedge obtained in the course of the audrt, or otherwise appears to be materially misslaled. If we identify such material inconsistencies or apparent rralerial misstaternents, we are required lo delemine whether this gives rise to a Material misstatÈfflent in the financial statements themselves. If. based on the work we have perfom)ed, we conelude that there 1$ a Materi misstatement of this other inlormatiorb, we are required io report that fact. We have nothing lo rep1 in this regard.
Pag¢ 5 THE IAN M FOULERTON CHARITABLE TRUST INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES OF THE IAN M FOULERTON CHARITABLE TRUST Matters on whlch wè arè required to report by exceptlon We have nothing to report in respect ol the fdlowing matters in relation lo the Charities (Accounts and Reports) Règulations 2008 rulT¢ us to report lo y(w if. In our opinlon.. the infomiation given in the fin8no81 s18tsmenls 18 wlconsistent in any material pect with the trustees, report,. or SLrfiaent accounting records have not been kept,. or the finanual statements are not in agreernenl wlh the accounting records., or W8 have not received all the information and explanations we requlre for our audrt. Responslbilltles of tw$te¢$ As explained more fully in the statement of Iruslees. r435ponsibilities, the trustees are responsible for the preparation of the financial statements at)d for being satisfied that Ihey give a tnje and fair view, and for suth inletn81 control as the trustees determine is necessary to enable the preparation of financial slatemenls ihat are free from material misstatement. whether due to fraud or error. In preparing the financial statements, the trust8ès arè responsible for assessing the charity's ability to continue as a going concem. disdosing, as applicabk?, matters related lo going concern and using the going concern basis of acc<)untiNJ unl858 the trustees either intend to cease operations, have no realistic altefflalive bul to do so. Auditorfs SponSibl1111•S for the audit of the financial Ststsments We have been appointed as auditors under section 145 of th& Charibes Act 2011 and report in accordance with thè Act and relevant regulations rnade under section 154 of that Act. Our objetvès are to obtain reasonable assurance about whether the financTal statemen15 as a whole are tree from material misslement. whether due lo fraud or error. and to issue an audtto¢s report that includes our opiThon. Reasonable assuran is a high level of assurance, bul is not 4 guarantee thal an audit conducted in aCCQfdance with ISAS IUKI will aayS detect a material misstatement when it exists. Misstatements Can arise from fraud or error and are cOndered material il, individually or in the aggregate, they could reasonably be expected to influen¢e the e¢onomic deu'sions of users taken on thè basis of these ffinanryal statemenls. Idèntification •nd a8sesBment of irregularities including fraud Irregularities, including fraud. 4r¢ instance5 of non-com lance with laws and regulations. We designed procedures in line with our responsibilities, oullined above. to delect rnaterial misststemenls in respecl of iTregularittes, including fraud. The extent 19 whith our procedures were capable of detecting irregularities, including fraud is dalailed bebw.. we f¢xused on Specif laws and regulations which we considered may h8vÈ a direct materi81 effect on the finanual statÈmènts or the operations of the assouation. induding The Charities Act 2011. we obtained understanding of the legal and regulatory framework applicable to the entity arKI h¢)W the entity is CmplyIng with that framework by rnaking 8ppropri8te enquiries of management as well as Considering the inlemal controls in place to mitigate risks of fraud and nu)-compliance rith laws and regLdalions', we made enquiries of thostt th8rged govemance and management conceming.. the risks of fraLKI.. instances of non-compliance with laws and regulations or knowledge of atxual. suspected, or alleged fraud is dumented during the period., we allocatad an engawenl team that we considered collectively had thè approprie competence and capabibiies to identify or recognise nonthcompliance with Iws and regulations. Audit response to thè risk of irregularities includ•ng fraud Based on Ihe res1$ of our risk assessment, our procedures inclJdJ. but were nol limited lo.. perforrning analytical proureS to identrfy any unusual or Ljnèxpected relationships. evaluating vAther the sèlection and application of accounling poliaes by thè èntty that may be in(h"c8live offraudulent finanaal reporting resukn'ng from manag&mènt's èffort to m8nage earnings.
Page 6 THE IAN M FOULERTON CHARITABLE TRUST INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES OF THE IAN M FOULERTON CHARITABLE TRUST assessing whether judgements and 8ssumplions made in detemiiniTh3 thè accounting estirnates set OLrt in rbole 2 were indicative of potential bias. agreeing finanaal slalernenl discbsures to undedying supporting do¢wmentation. reading the minutès of meetings of those charged wlh govemance. reviewng tha carrespofKlence with relevant reguLatory bodies. lesling ofjoumal entries to a(klress the risk of fraud through management override. inCOttK)rating an element of unpredictabilty in thg selection of the nature, timing. and ext¢nl of our audit procedures. corrObatIng the business ratKJna19 ftransactIOnS outside the normal course of business. conclusions regardlng the rlsk$ of Irregularities including fraud There a inherent limitations in our audit procedures des¢ribed above. The more removed that laws and regulation8 are from financial tran88¢tions, the less like it is that we would becc4ne awarè of non- complian. Material misstatèmènts that 8rise due to fraud can be harder to deted than those that arise from error as they may involvè dèlibeiale concealment or collusion. We consldered oui audit was capable of detecting irre9ularit*s (#Je lo.. the effèdiveness of the enlity's intemal ntrols., the nature, liming and exienl of audit procedure$ perfne(l,. and the absence of contradictory evidence. A further description of our responsibilitie5 for the audit of the ffinancial statements is located on the Finar>cial Reptirting Council's wèbsite 81.. http..1.frc.org.UkIaudIt0rsreSponsIb1Il1Ies. Thi$ d•scripts'on form5 part of OUT auditorfs report. Use of our r•part This repL¥i is made solely to the d)aritys Imsle8$, a5 a body, in acc£Jrdance with part 4 of the Charitiès (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state lo thè charitys trustees those matters we are required to state lo them in an audrtors. report and for no othar purpose. To the fvllesl extent perrnitted by law, we do not accept or assume responsibility to anyone other than the charity and the charitys IrustÉes as a tK)dy, for our audit work, for this report, or for the opinions we have formed. Clalre NorWd BS¢ FCA ATII (Senior Statutory Auditor) for and op behalf of Jones Avens LimSt•d 1311212022 Chartered Accountants Statutory Audltor Plper House 4 Dukes Court Bognor Road Chichester West Sussex P019 8FX Jones Avens Limited is eliolble for 8pp04ntment as auditor ol the charity by virtuè of its ehgibility for appointment as auditor of 8 company undef of section 1212 01 the Companies Act 2006
Pagg 8 THE IAN M FOULERTON CHARITABLE TRUST REGISTERED CHARITY NO. 1164969 ststem of Flnanclal Actlvlti rll 2022 ricted Funds Income and Ex enditure Account Year ended 5.4.22 Year endèd .4.21 Note INCOME EXPENDITURE Incomlng Resources Gross investment income 48.414.76 43,804.64 Total Incomlng Resources 48,414.76 43,804.64 Resources expended Charitable Actlvlties {183,964.00) (151.106.001 Cost of generating funds Investment management costs Totsl Resources Exp8ndod 11 18,019.24 {191,983.24} 8,314.721 (159,420.721 Net {Lt)sses)IGalns on Investments Realised gainslllossesl on sale of investrnents Unrealised gainslllossesl on investments {Losse8llGains on foreign exchange Gains from non-reporting funds Net movement In funds (5,010.931 49,962.29 94,158.01 241,198.87 1227.52) 5.25 219,518.53 198,617.121 Fund balance brought forward 1,861,995.32 1,642,476.79 Fund balance ¢•rrled fovward 5.&22 1,763,378.20 1.861,995.32 None of the Charitys activities were acquired or discontinued during this fiscal period. The Charity has no racognised gains or losses other than those deali with in the Statement of Financial Activities. Th& notes on pages &14 fom part of these accounts.
Page 9 THE IAN M FOULERTON CHARITABLE TRUST REGISTERED CHARITY NO. 1164969 Notes to the Accounts for the earended 5th A ri12021 1 ACCOUNTING POLICIES The lan M Foulerton Charitable Trust is an unincorporated tharity, registered with the Charity Commission number 1164969. The registered address is Thomas Eggar House. Friary Lane. Chichester, West Sussex, P019 1UF 1.1 ACCOUNTING CONVENTION The financial statements have been prepared in accordance with Charities Act 2011 and "AcLounling and Reporting by Charilies.. Statement of Recommended Practice applicab to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. las amended for accounting periods commencing from 1 January 20191. The charity is a Public Benefit Entity as defined by FRS 102. The accounts are prepared in sterlin9, which is the functional currency of the charity. The accounts have been prepared on the hislorieal cost convention mcdified for the revaluation of investments. The principal accounting policies adopted are sel out below. 1.2 GOING CONCERN At the time of approving the accounts, the trustee5 have reasonable expectation that the charity has adequate reSoUrS lo continue in operational existence for the foreseeable future. Thus the Iruslees. continue to adopt the going COnM basis of accounting in preparation of the accounts. 1.3 CHARrrABLE FUNDS & FUND ACCOUNTING Unrestricted funds are available for use at the discretion of the trustees in furtherance of Iheir charitable objectives unless the funds have been designated for other purposes. Incoming Resources Incoming resources includes investment income. which is recognised when the charity has a *al rtghl to the income. The gain or loss arising on the disposal of an asset is determlned as the difterence beeen the sale proceeds and the carrying value of the asset, and is regnised in nel incomellexpenditure} for the year.
Page 10 1.4 GRANTS PAYABLE Grants payable are debitéd to expenditure wthin the Slatement of Financial ActivitS in the period in which the charity enters into a constructive oblKJation lo make such payments. Where a gnt commitment is payable over a period of more than one year, a liability is recognised for the fvll amount of the conslruclive obligation unless conditions are attached to future payments such that the trustees effectively retain the discretion to avoid making such payments. 1.5 INVESTMENTS AND INVESTMENT INCOME All investments are stated at fair value and the movement shovm comprises both realised and unrealised gains and losses. Realised gains or losses arising on the disposal of invéstments (together with provisions for diminution in valuel, a ¢redited or debited to the Statement of Financial Activities, and subsequently transferred to Unreslricled Funds. 1.6 CHARITABLE ACTIVITIES The cost of charitsble activities consists of grants made. 1.7 COST OF GENERATING FUNDS The cost of generating funds consists of investment management fees. 1.8 GOVERNANCE COSTS Govemance costs ¢omprise all costs involving the public accountability of the charity and its compliance wth regulation and good practice. These costs include costs related to statutory audit and legal fees together with other overhead and support costs. 1.9 CASH AND CASH EQUIVALENTS Cash and cash equivalents include deposits held at call with banks. 1.10 FINANCIAL INSTRUMENTS The charity has elected lo apply the provisions of Section 11 'Basic Financial Instruments. and se¢lion 12 "Other Financial Instruments Issues" of FRS 102 to all of ils financial instruments. Financi21 assets and liabilities are offset. with the net amounts presented in the financial statements, when there is a legally enforceable right lo set off the recognised amounts and there is an intention to settle on a nel basis or lo realise the asset and settle the liability simultaneously. Baslc flnancial as8et8 Basic financial assets, which includes debtors and cash and bank balances, are initially measured al transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the Iransaction is measured at the present value of the future receipts discounted al a market rale of Interest. FinanThal assets classified as re¢eivable within one year are not amortised.
Page 11 Impalmient of fin•nGlal assets Financial assets, other than those held at fair value through income and expenditure, are assessed for indicators of impaimient al each reporting dale. Financial assets are impaired where there is objeclNe evidence that, as a result one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impaimienl loss is the difference beeen the carrying amount and the present value of the estimated cash Ilows discounted al the asset's original effective interest rate. The impaimient loss is recognised in net incomellexpendf(urel for the year. If there is a decrease in the impawmenl loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment previously been recognised. The impaimient reversal is recognised in net incomellexpendilurel for the year. Basic financial liabilities Basic financial liabilities, including trade and other payables. are initially recognised at transaction price unless the arrangement consti(utes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade payables are obligations to Pay for goods or Services that have been acquired in the ordinary course of operations from suppliers. Accounts payable are classed as current liabilities if payment is due w71hin one year or less. If not, they are presented as non-current liabilrties. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of financlal Ilabllltles Finan¢ial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 2. CRITICAL ACCOUNTING ESTIMATES ANO JUDGEMENTS In the application of the charity'$ accounting policies, the tntstees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting eslimales are recognised in the period in which the estimate is revised where the vIsion ffects only that period, or in the period of the revision affects only that period, or in Ihe period of the revision and future periods where the revision affects both current and future perds.
Page 12 N M FOULERTON CHARITABLE TRUST REGISTERED CHARITY NO. 1164969 Not Accounts f earended 5 A 3. FIXED ASSET INVESTMENTS {Summary of page¥ 15 to 19) Year ended 5.4.22 Yoar ended 5.&21 Quoted investments Brought forward 6.4.21 1,840,493.72 1.633,078.47 Additions Increasel{Decreasel in portfolio cash Disposals Nel unrealised gainsl{lossesl 265,320.22 82,639.28 (502.921.001 49,962.29 1,735,494.51 528,782.72 12,500.47 (575,066.811 241,198.87 1,840,493.72 Quoted UK Investments Quoted Non UK Investments Cash held on portfolio 1,026,850.22 607.143.39 101.500.90 1.735,494.51 1.299,837.03 521,795.07 18,861.62 1,840,493.72 Hi$lori¢ c05t of quoted investments 1.413,600.58 1,586,591.80 Investments that represent greater than 6% of the portfollo by Markel Value Royal London Corp Bond Investec Gbl Tot Rtn Lionlrusl Strategic Bond M&G Investment Man North American Dimdend ishares Physical Gold Sanlam ijniversal Mullistrat 147,487.47 155.529.63 100,788.89 144,403.83 136,748.14 95.636.71 93,432.85 93,316.07 93.189.91 DEBTORS HM Revenue & Customs 504.96 403.61 S. CASH Bardays Bank Pl 30,604.84 24 536.84 CREDITORS Other creditors Jones Avens- Audit fee Sanlam UK Limited- Inve8trnent Management ¢harge$ 1.284.00 1.942.11 3.226.11 1,284.00 2,154.85 3,438.85
IJ THEL4NMF RE A8LE TAU r¢h 7. GROSS WVESTMENTINCOME Y04rend 5&22 Y•arond•d 5.&21 Inwm¢from UK men1$ Infx)mfrom 15t8d UK In¥e¥ments 36.3528 11.528.43 101 36.454.33 11.92e.43 34.253.e8 9.48&$7 6&10 X4.318.84 9.48¥.97 o.to Grossknkdwsrf iteieit Baw kPk 32.fy) 48,312 41 a2. 1.73 101.35 43.741.4B 16 ye•r•rld Yur•Dd 5A &eM•ATECTmEs Inthg} 167,SLM).00 135,380.00 16.461.00 i$J,w.00 15.726fy1 151.1LN5. CHARrrA8LE GPANTS PAYABLE 20.IQ.2021 St PeitrsolTew 03.11.2021 PCC dW•lwion%th Emsvrt 03.11.2021 We>tyton QardiStcrrt 03.11.2021 Si J(th th w$t o[wtstbw 13.1t.2021 Abergorki ¢ommuntyH¥l 20.11.2D21 th8$ Frw¢aDon 01.122021 Edwa J5 FrAth¢aDon 07.12.202t Suls8x HBrttau•TtustLIN9d 18.12.2021 Sl Pltars Cthurch Sth8Orh 18.12.2021 Sutfdk BdIng Fr•svon Tnisl L.01.2021 rdjaMeS Foundaiion 2e.01.2022 ChaY 28.01.2022 EdwardJam•s FouWIoffl 28.01.2022 SI (lavT 04..2(22 Na0chW¢heS 04.W.2022 Le¢4nfdJ Hal 29.04.2021 klMT. Guiè .U4.2021 PCC St Matysat Ihè ..2021 lIdl PCC C6.05.2021 PCC 07.07.2021 ThE CWsTnJ 25.08.2021 FTrpndsd sILe E4st 2S.1)B.2D21 SIM 25.OB.102t RHS 25.LI3.Z021 SIFps1 J8m•s OZ.09.2021 W8thdd FCC 02.09.2021 $1 An(trw Re5tryatsoDAy IW.J)21 Dsanand ChawerrfEx8ier 04.11.W1 Sl Sampsth75 Urknknj 09.11.2021 Church Takion PaTrsh (&12.2021 pcc wegt Gnnytead 12.2021 G¢Mg PCC 01.2 SussxFknge TrtsMd le.02.2 BU9 Pres$0n Tfugt le.02.22 ChArt 18.02.2022 The Wes1mS1OrNbt4Y 18.02.2022 MH Hse Ro4(rfAtkii I4..2022 PCC Wncar¢ 14.03.2022 The Outy sbUt s,(w.fy) S.O(MXO) 4.1. lo. 32.oaoj 22.00a. 15.000. 5.000. J.000. 8.000. 10.000.00 2.880. 5,000. Jfy).00 10.(VJ).00 d.(h)O.00 5,(N)O.00 4.(W.00 20,(th).ttO 5,(W. 5.(ts). i.XM).fy) 10.wo 10.(0Th) s.m() I1.0.00 2.WO.QO 5.OJO.00 7.WO.OQ IS.0.00 s,(.00 lo..00 1.¥80.&) Y•4r•nde A.21 SA22 G¢ant• to GrinlB to Gr4M$io ofGraThts Pr&SVaK01 BU¥JS PresV*HOI FnIu8 andobJqUsdan 149.OW.LYJ 120,W. 18,SN.00 I67.5. IS.(.£ 135,J80.C
Page 14 THE IAN M FOULERT CHARITABLE TRUST RE TERED CHARITY MO. 11 lotheA Counts for arended S rll 2022 Yearended 5.4.22 Yearend?d 5.4.21 10. GOVERNANCE COSTS Irwin Mitchell LLP Jones Avens- Audit fee 15.120.00 1.344.00 16.464.00 14,400.00 1326.00 15,726.00 Ba$is of Alloc*ion'. All of the governance costs are allocaled to the charitable activity of grant making, lotalling £16,464 in 2022 {£15.726 in 2021 11. COST OF GENERATING FUNDS Slnlam UK Limited 8,019.24 8.314.72 11 EMPLOYEES There were no employees during the year12021.'nil) 13. TRANSACT1014S WITH RELATED PARTIES Th)mas Eggar Trust Corporation Limited (Trustee) is a trust company wholly owned by Irwn Mitchell LLP. During the year Irwin Milehell LLP provided professional setvices to the Charity amounting lo £15,120 12021.. £14,400). Al the balance sheet dale, nil12021." Thll was outstsnding in respect of these fees. 1& TRANSACTIONS WITH TRUSTEES There were no payments lo tnjslees during the year.
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