Charlty number. 1170544
The Fruiterers Foundation
Unaudlted
Trustees. report and financlal statements
for the year ended 31 January 2021

The Frulterers Foundatlon
Conlents
Page
Roference and admlnlstrallve detalls of the charlty, Its Trnstees and adviserJ
Tru$tses' report
Independent examlnefs report
Statement of ftnancial acllvltle8
Balan￿ sheet
Notés to the financial 8tatemenls
8-17

## **The Fruiterers Foundation** 

## **Reference and administrative details of the charity, its Trustees and advisers for the year ended 31 January 2021** 

|**Trustees**|Professor John Frederick Price (appointed 26 July 2021)|
|---|---|
||John Robert Warner (appointed 26 July 2021)|
||Laurence Stephen Olins (appointed 23 March 2021)|
||Edwyn Sandys Dawes (resigned 26 July 2021)|
||George Anthony Turnbull (resigned 26 July 2021)|
||David Simmons (resigned 23 March 2021)|
|**Charity registered**<br>**number**<br>1170544<br>**Principal office**<br>Cranham Close<br>Prinknash Corner<br>Cranham<br>Gloucester<br>GL4 8EZ<br>**Accountants**<br>Kreston Reeves LLP<br>Chartered Accountants<br>2nd Floor<br>168 Shoreditch High Street<br>London<br>E1 6RA<br>**Bankers**<br>Coutts & Co<br>440 The Strand<br>London<br>WC2R 0QS<br>Rathbone Investment Management Ltd<br>Port of Liverpool Building<br>Pier Head<br>Liverpool<br>L3 1NW||



Page 1 



The FrultereTS Foundatlon
Trustees. report
for the year ended 31 January 2021
The TTUStees present thelr annual report together ￿ryth the finanual statements of the chartty for the ended 31
January 2021. The Trustees confirm that the annu¥ rewrt arKI financial statemgnts of the charity comply wlth
the current statutory requirements. the requirements of the charitys goveming document and the provisK)ns of
the Statement of Recommended Practice (SORP). applicable to charities pr&paring their a(￿￿nts In accordance
wtth the Financlai Reporting Standarts applicable in the UK and the Republic of Ireland (FRS 102) {gffectiv8 1
January2015).
ObJectlve8 and actlvltlos
. Pollclos and objectlves
The charity was set up to support general charitablg work in Fruit Cullure and other educational and markgting
objectives relating to the Fruit industries and on absorbing the Franklands Gift Fund to supwt the needs of the
company and those associated wth it
Monies received are Charitab￿ donations from members of the Livery of The Fruiterers, Company, from
Investment income and from business organisations. The trust receNes one-half of the SL Paufs Day Livery
Service collection.
b. Maln actmtles undertaken to fvrther th• charitys purposes for the public benefit
In considerlrvJ the actfvitles and grarts made during the year, the Tnth have paid due regard to the publlshed
Charity Commlssron guidance on tho operation of the Public Benefit requirements of the Charities Art 2011.
Onc8 again. during continuing uncertain and volatile times the current JEar priority has remained to maintain
tncome for the Tnjst whde ensuring ils caytsl Is protected.
A¢hlevements and perfomiance
Flnancial revlew
. Golng con¢em
The financial stslements have been prepared on a going o)ncem basts. While the impact of the Covid-19 virus
has been assessed by the Trustees so far as reasonably possible. due to tts unprecedented impact on the wider
economy, It is drfficull to evaluate wtth any certainty the wtential financial impact on the Charity. However, takir
into consideration the UK Govemmenvs response and the Chariws planning, the Trustees have a reasonable
expectation that the Charity has adequate resources to ecffrtinue in operational existence for the foreseeable
fuiure.
b. Flnanclal risk management obJectlv8s and policies
IrKomlr¥J resources exceed&J expendtture by £119.036 (2020.. £2.1tr2) during the period before realised and
unreallsed investment gains and losses.
It Is the polley of th8 Charty to maintain free reserves at a levd to enable It to be administered efficiently.
meet its short4erm expenditure requirements. and have adequate resources to fund rts charitable activitses and
prolects. In establishing this wlicy. the Trustees have considered the dispN)stlion of rts incoming resources,
whlch are mainiy deiNed from investments and supplemented by fundraising acbviti8s. The Trustees are
satiSffi￿ that the current level of free r&ser4es are adequate for the foreseen requlrements of the charity.
Page 2

The Frulterers Foundatlon
Trustees. report l¢ontlnued)
for the year ended 31 January 2021
Structure• governance and management
Constitullon
The FrultereTs Foundatton18 a wl8tered charfty, number 1170544, and Is COns￿tUted under a Trust d8ed. The
charlly was IncoTporated on 5 December 2016 and commenced tradlng on that date.
b. Methods of appolntment or electlon of Tru8tO88
The management of the charity l¥ th8 responslbllty of the Trustses who are elected and COvOPted under the
temis of the Trust deed.
c. Rlsk management
The Tru8tèeB have 8888886d tha malor risks to whlch the chadty18 exposed, In partlcular those related lo th6
operations and finances of the charlty, and are sallsfled that Systems and procedur83 are In place to millgale our
exposure lo the malor rfsks.
Plan¥ for futurn porlods
The trustees plan to contlnue lo fln8nce Ihelr chadtable advldes prlmarfty from Investment Income and
donations received, and from some other actlvitle9. Trustees wlll recelve and act upon recommendauons from
the CompanVs Award Council to make payments whlch support r836arch and recognlge achlevement In tha frult
Industry, and from the Mast8r for donations to more general worthy ¢ause$. Grant$ wlll ¢ontlnue to be pald to
tho86 ￿nd￿IdUal8 who were nomlnated by the Wholesale Fruit and Potato Benevolent Soclety at the tSme that the
80cieVs asset5 and IlabS111i89 were transferred to the Charllable Trust in 2009, and 8ub8equent(y lo the
Frullerer8 Foundation.
Statomont of TruBteo8' re8ponslbllltl••
The Tru3lee$ are respon8lble for preparlng the Truste88' report and tho flnanclal statements In accordance wlth
applleabla law and Unlted Klngdom Accountin9 Standard8 (United Klngdom Generally Ac¢epled A¢¢ountlng
Practice).
The law applicable to charities in England & Wales requlres the Trustees to prepare financial statements for
oach financlal whlch glve a true and fair view of the slate of affalr5 of the charSty and of Its incoming resource8
and application of resourcos, including Its Income and expenditure. for that p8ri0d. In preparing Ihese financlal
$tatements, the Trustees are requlffjd to..
select suitable accounllng pollcles and then apply them conslstently:
observe the methods and principles of the Charittes SORP IFRS 1021.
make judgments and ac¢ounllng &sllmate8 that are reasonable and prudenl.
state whether applicable UK kCoUn￿ftg Standards IFRS 1021 have been followed, subject to any material
departuies disclosed and explaln8d In the financlal statements;
preparé the finandal statements on the going concem basis unl6ss11 Is inapproprlato to presume that the
charity will continuo in buslness.
Page 3

The Frulterers Foundatlon
TTUStees' report {continuod)
for the year endgd 31 January 2021
statement of Trustees. responslbllltles (contlnued)
The Truste8s are responsible for keeping adequate accounting records that are suffidènt to show and oxplaln
the charitys transactions and disclose with reasonable ac(#Jracy at any time the financial position of the charity
and enable them to ensure that the finan￿al statements comply with the Charities Act 2011. the Charity
(Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for
safeguarding the assets of the charity and hence for tsking reasonable steps for the prevention and detection of
fraud and other Irregularitleg.
Approved
by
21 October 2021
order
the
members
the
board
and signed on their behalf ty.
Trustees
on
L Olins JP
Page 4

The Fruiterers Foundatlon
Independent examlnerfs report
for the year ended 31 January 2021
Independent examlnofs report to th¢ Tn*t•8s of The Frultsrors Foundatlon Cthe charlty?
I report to the ehadty Truste8s on my examination of the ac(x)unts of the charlty for the year ended 31 January
2021.
This report Is made solely lo Ihe Charftys Trustees. as a bLMJy, In s(X￿ldanca with Part 4 of the Charitles
(Accounts and Raportsl Regulatlons 2008. My has been undertaken so th8t I mlght state to the Charivs
Trustees those rnatters l am required lo stale to Ihem In an Independent examlnevs report and for no other
purpose. To the fvllest extent permitied by law. I do not a¢¢ept or assurne any responsibility10 anyone other than
the Charity and the Charitys Trustees as a boty, for ry work or for this report
Rosponslbllhles and ba8th of report
As the TnJste8s of tha charty ￿)U are responslbla for the preparation of the accounts In ac¢ordance wlth the
requirements of the Charitles Act 2011 (Ihe 2011 ACV).
I r8Part In respect of my examlnatlon of the ¢harftY$ ac￿unIS carrfed out under sectlon 145 of the 2011 Act and
In catyng OLrt my examlnallon I have folkW￿d the 8ppllcabl8 Dlreclions glven by the CharKy Commlsslon under
8ectlon 145{5)Ib) of tho 2011 A(
Independant 8￿mInerS stat•m•nt
Your attention15 drawn lo the fact that the charfty has prepared the awunts In accvrdance wllh Accounllng and
Reporting by Charities.. Stsiement of Recommendad PractirE appllcabb to charlties prep8ring Ihelr accounts In
accordance wlth the Flnandal Rep)￿ng Standard applicabb8 in the UK and Republic of Ireland IFRS 1021 In
preferenc8 to thè Accountlng and Repc￿ting by Chariti8s.' Statement of Recommanded Practice Issued on 1 Apfll
2005 whlth Is rgferred lo In the extanl regulations bsjt has been wthdrawn.
l understand that Ihls has been done In order for the accounts to provlde a Irue and fair vlew In accordance wlth
the Generally Accepted Accounting Practlce effecUv6 for reporting periods beginnlng on OT after 1 January 2015.
I have completed my examlnation. l ¢onfim that no matters have corne to my attenUon In connecllon vAth the
examlnation glving me Cause to belwe Ihal In any material respect..
accountEng records were not kept In respect of the t*arfty as requlred by $e¢tlon 130 of the 2011 Act; or
th8 accounts do not accord wlth those reoyd$,' or
the accounts do not comply v￿th the appllcable requlrements concemlng the fom and content of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give a Irue and fairf view whtth is not a matter consldered a$ part of an Indep8nd8nt
examlnallon.
I have no concerns and hove corne across no other matters in connecuon the examination to whi¢h
atten￿on should bg drabvn in this rep)rt in ordgr to enable a proper understandirrfj of the accounts lo be reachgd.
Signgd:
Dated: 8 November 2021
S.P. Tanner B& (Econ) FCA
Krgston Rèèv•s LLP
Chartered Accountsnts
London
Page 5

The Frulterers Foundation
Statement of finan¢lal actlvitles
for the year ended 31 January 2021
Unrestrfctgd Restrlcted
funds
funds
2021
2021
Tolal
funds
2021
Total
funds
2020
Income from:
Donatlons and18gacies
Charitsble actiwties
Investrn¢nts
155.675
2.926
19.001
155,675
2,926
19,001
20,253
995
25,812
Total income
EXpfjndi￿re on:
Raising fijnds
Charitable aCtI￿lieS
177.602
177.602
47,060
4298
48,268
4,298
54.268
4.536
40.362
6,000
Total gxpgndlture
52,566
6.000
58,566
44.898
Net {losses)Igains on investtnents
Ngt movement In funds b8fore other
recognlsed gain$
Other recognlsed galns".
Gains on revaluation of fvxed assets
(31,343)
131,343)
5,430
93.693
16,000)
87,693
7,592
38,824
38,824
105,093
Not movement In funds
Reconclllatlon of funds:
Total funds broughl forward
Net movement in funds
132.517
(6,000)
126.517
112,685
1,214065
132,517
6,10S
(6.000)
1.220,170
126,517
1,107,485
112,685
Total fvnd¥ Garrled forward
1,346,582
105
1,346,687
1,220,170
The Stalement of financial activttles indudes all gains and k)sses recognlsed in the year.
The notes on pages 8 to 17 fomi part of th8se financial statements.
Page 6

The FruIte￿r5 Foundation
Balancg sheet
a$ at 31 January 2021
2021
2020
Note
Flxgd assets
Investments
1,155,590
1,160,276
1,155.590
1,160.276
Current assets
Stocks
Debtors
Cash al bank and in hand
2,534
314
2,620
193.849
57,446
196.697
60,066
Creditors.. amounts falling due within one
year
{5,6001
{1721
Net current assets
191,097
59,894
Total assets less current liabilities
1,346,687
1,220,170
Total net assets
1,346,687
1,220,170
Charity funds
Reslricled fvnds
Unrestricted funds
10
10
105
1.346,582
6,105
1,214,065
Total funds
1.346,687
1,220,170
The financial
statements were approved
and aulhorised for issue
by the Trustees
and signed on their behalf by..
on
L Ollns JP
Then
es on page$ 8 10 17 form part Cif these financial statements.
Page 7

The Frulterers Foundation
Notes to the flnanclal statements
for the year ended 31 January 2021
A¢￿Unting poli¢i•s
1.1 Legal forn)
The Frulterers. Fwndation (the Charlty) Is a Charitsble Incorwrabj organlsatlon domldlad In fhe
Unfted Klngdom. The addr￿ of Its reglstered 0ffi¢o arwj prindpal place of bu$Sness 1$ The Old
Bakery. Bull Lano. Kotton. Stsmtsd. PE9 3T8.
1.2 Ba818 of preparallon of Ilnan¢lal 8tatsm•nl•
The flnancial statements have been prepared in accordance with the Charlttes SORP (FRS 102) -
A¢¢ounUng and Reportlng by Charill8$'. Ststement of Recommended Pra¢tlce appll¢able lo ¢harSlle8
preparlng Ihelr accounts In a¢¢ordan¢a Nvlth the Anan¢ial Reporting Standard appllcable In tho UK
and RepubU¢ of lffjland {FRS 102) (effecaive 1 January 20151, the Financial R8portlng Standard
appllcabb8 In the UK arKI Republic of Ireband (FRS 102) and the Charitl88 Act 2011.
The flnancial stslements have been prepared lo gNe a 'true and fal¢ view and have departed from
the Charlties (Accounts and Reports) Regulations 2008 only lo the extent requlred to provlde 8 'tru8
and fairf vlew. Thls departure has involved folk)wing the charl￿eS SORP IFRS 1021 published on 16
July 2014 rather than the Accountlng and Reportlng by Chariuas: Statement of Recommended
Practice effectfve from 1 Aprll 2005 which ha5 slnce been wlth(Irawn.
The finand81 statements have beén prepared under th? hislodcal cost convontlon with t8mi$
recognlsed at C#J8t or transaction v81u8 unk88s othep*lse staled in Ihe relevant note8 lo th888
accounts. The Ilnandal statements have been preparad In accord8nce wlth the Statement of
Recommended Practice.. Accounllng and Reportlng by Charltl85 preparfng Ihelr a¢￿￿ntS In
accordan￿ wlth the Finandal Reportlng Stsndard applICab￿ In the UK and Republic of Ireland (FRS
1021 issued on 16 Juty 2014 and Financial Reportlng Stsndard appllcabla In tha Unlled Ktngdom arKI
Republic of Ireland IFRS 1021 and Charities kt 2011.
The FNller8r8 Foundation constitute8 a publlc b8nefft entlty as defined by FRS 102.
1.3 In¢om•
All Inc￿Me Is reco9nlsed once the charlty has entltlemenl to the Inu)me, It Is probable that the Income
111 be recelved and the amount of In(>)me r￿l¥abl& can be measured rellably.
Income tax reo)verable In rela￿On lo donallons rec4lved under Gfft Ajd or de8ds of covenant 18
re¢ognlsed at the tSme of th8 donallon.
The recognition of income from legaaes dependenl on establlshlng entitlement, the probablllty of
recelpl and the 8blllty lo estimate sufficient accuracy the amount receivable. Evldence of
entilemenl to a leg8cy exlsts when the charity has sufficient evidence that a gift has been left lo them
{through knowledge of the existence of a valld will and the death of the benefactor) and the executor
18 sattsfied that the property In questlon WAII not be requlred to Satisfy clalms In the e9tale. Receipt of
a ￿acY must be recc¥3nised vthen tt is probable that tt wll be received and the fair value of the
amount recetvable. whlch wlll gener81ty be ￿ exI￿ted cash amount lo be dlstrfbuted to the charty.
Can be rellabty measured.
Pag8 8

The Frnlterers Foundallon
Note5 to tho financlal statements
for the year ended 31 January 2021
Accountlng pollcles Icontlnued)
1.4 Expendlture
Ex￿ndItUre is recognis8d once there is a legal C￿ constructive obligation to transfer economic benefit
to a third party. tt is probable that a transfer of economic beneffts VMII be raquired In settlement and
the amount of the obligation can be measured reliabty. Expendlture is dassified by activity. The costs
of ead) activity are made up of the lotal of direct costs and shared costs, induding support costs
Involv￿ in undertaking each activty. Direct ￿sts attribLrtable to a single activity are allocated directly
to thal activity. Shared costs which o)ntribule to more than one actiwty and support costs whSch are
not attributable to a single acti￿ are aptMNtioned betr￿n those aCtiv￿aS on a basls consistent wlth
Ihe use of resources. Central staff costs are allocated on the basi% of time sp8nt. and depreciauon
argas all￿ated on the porlion of the asseys use.
Support costs are those costs inujrred directty in support of expenditura (x) the oblects of the tharity
and indude projec* management carried out at Headquarters.
Costs of generating fvnds are costs in(3Jrred in attradng voluntary ino)me. and those incurred in
trading aclmties that raise funds.
Charitable actswt*s and governan￿ ¢￿ts are In￿rred on the chawg educational operatK)ns,
Indudlng support costs and costs relating to the govemance of the charity 8PPOrtioned to charttable
activities.
Expendlture on ralslng funds Indudes all expendrture incurred by the charity to raise fijnds for Its
(*witable purposes and indudes costs of all fundraising activllies events and norKtharitable trading.
Expenditure on charitable activities is inujrred on directy undertakirMJ th8 activthes whlch further tha
charitls objectsves. as well as any assodated support ￿)sts.
Grants pa￿ble are charged in the year when the offer made excepl in those cases where the offer
is conditional, such grants being recognised as expendI￿re when the conditions attaching are
fulfilled. Grants offered subject to condiknons which have not been met at ￿ year end are noted as a
commltrnenL but not acC￿ed as expenditure.
All expenditure is indusive of irrecoverable VAT.
1.5 Investments
Fixed asset investments are a fomi of financial instrument and are initially recognised at thelr
transaction ￿st and subsequenty measured at fair value at the BaLqnce sheet date. unlegs the value
cannot be measured reliably in ￿lch case it Es measured at eost less Impairrnent. Investment gains
8nd losses, whether realised or unrealised. are combined and presented in the heading as
'GainsllLosses) on investsnents. in the Statement of financial activibes.
1.6 Interest recefvable
Interest on fijnds held on deF#)sf( Is induded when receivable and the amount can be measured
reliably by the charity. this is nornially upon notlficatlon of the Interest pald (A payable bythe Bank.
1.7 Stc•cks
Stocks are valu&Y at the lower of cost and net realisable value after making due alk)wance for
obsdete and slow-mowng stcth. Cost indudes all direct cy)sts and an appropriate proportion offixed
and Variab￿ oveTheaJs.
Page 9

The FNlterers Foundatlon
Notes to the financial sLitements
for the ended 31 January 2021
Aceountlng pollcles {contlnuedl
1.8 Debtors
Trade and other debtors are recy)gnised at the settt8ment amount after any trade dts¢ount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
1.9 Cash at bank and In hand
Cash at bank and in hand indudes cash and short-tem hlghty liquid investments with a short mattsrity
of three months or less from th& date of aeqursitton or opening of the deposit or similar account.
1.10 Llabllltles and provisions
Liabilrties are recognised when there is an obligatK)n at the Balance sheet dale as a result of a past
event, it is probable that a transfer of economic benefft will be required in settiemenL and the amount
of the settlement can be estimated reliabty.
abilitses are recc¥Jnised at the amount that the charlty antiapat8s f( will pay to settle the debt or the
amount It has receivwl as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obllgat(on. Where
the effect of the time value of money i% material. the provision is based on the present value of those
amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The
unwnding of the discount is recTr3nised in the Statement of financial activities as a finance cost.
1.11 Financlal Instruments
The charity onty has financial assets and finandal Ilabllttles of a klnd that quafify as basic finandal
instruments. Basic finan￿al instruments are inittally recognised at traT￿cth)n value and subsequent
rneasured at their settiement value wth the exception of bank loans which are $ubsequently
measured at amortised cost using the effective inierest method.
1.12 Fund accountlng
Designated fvnds cfjmprise unrestricted funds that have been set aside by the Trustees for particular
purposes. The aim and use of each designated fund is set out in the notes to the financial
statements.
Restricaed funds are fvnds vhtith are to be used in accordance specific restridons Imposed by
donors or which have been raised by the charity for particular purposes. The costs of raising and
admlnistering such funds are charged against the speufic fund. The ahn and use of each restrlcted
fund is set out in the notes to the finanoal statements.
Page 10

The Fruiterers Foundatton
Note5 to the financlal statements
for the year ended 31 January 2021
Income from donatlons and legacles
Unrestricted
funds
2021
Totsl
funds
2021
Total
funds
2020
Donations recelved
12,481
140.824
2.370
12881
140.824
2.370
18,857
Legacies
Gift reclaim
1.396
Total 2021
155.675
155,675
20,253
Total 2020
20.253
20.253
Investment Income
Unrestricted
funds
2021
Total
funds
2021
Totsl
funds
2020
Income from thal Itsted investments
19.001
19,001
25.812
Total 2020
25.812
25.812
Analysls of donatlons made
Unre$tri¢ted Restricted
Donatlons
Donatlons
2021
2021
Total
funds
2021
Total
funds
2020
Donalions
12,949
6.000
18,949
19,096
Total 2020
13.096
6.000
19.096
Page 11

The Frutterers Foundation
Notes to the financlal statements
for the year ended 31 January 2021
Analys18 of donat1(N￿ made (￿ltInued)
The tharity has made the followlng material grants to Inst[tu￿8 durfng ￿ year.
2021
2020
Name of institutlon
TC Fox
Fuel our Frontline
Royal Tank Reglment Benevolent Fund
MH Schol Stheme
LM Appeal
The Sons & Frlends of the Clergy
BARTS Charity
Friends of The City Churches
The Sherlffs, & R8&)rdafs Fund
Clty of London Pollce Wldow8' & Orphans. Fund
Supporting Children wtth Dlabeles
Lord Mayor Big Curry Lunch
Favèrsham Munlclpal Charl￿8¥
UK Sepsls Trust
VC Gallery
Tha Brook• Hospital for Animals
Poulters, Pellcan Trust
RNIB
HMS Anson
Wowerton Part8h Councll
3.524
1250
1.IXIO
250
1.000
250
500
51XI
3,296
250
1.000
250
500
500
500
250
1,250
1,01)0
1,000
1,000
500
300
1,000
1,000
500
10,274
2,675
13.096
Other grants to Institutlon8
12,949
13.096
The Charity also made 8 donatton tr￿n restr]¢ted funds In resport of Nuffield Farming Scholarshlps
totalling £6,00012020.. £6.0001.
Trustees, rnmuneratlon and oxp•ns•s
During the year. no Trusteos received any Temungration or other benefits (2020 - £NIL).
Durtng the year ended 31 January 2021, no Truste8 gXPgn50s have bggn incurred12020- £NIL).
Page 12

The Fruiterers Foundation
Notes to the flnancial statements
for the year ended 31 Jantsary 2021
Flxed a*￿t Invèstmènts
Llsted
Inv•strnents
Cost or valuation
At 1 February 2020
Addillons
Dlsposals
R8valuation$
1,160,276
365.504
{409,0141
38,824
At 31 January 2021
1,15S.590
N•t book valu•
At 31 January 2021
1,155,590
Al 31 January 2020
1.160,276
Materlal Involtments
Markol
Valuo Book (>)st
2020 2021
Markol Value
2021
Book cost
2020
Fundsmlth LLP Equity Acc
Polar Capilal Technology Trust
JP Morgan As¥et Mgr8- US Equity
Income
26,035
72,640
52.950
51,264
10,036
20,259
22,386
20,259
41,452
43,013
57,822
39,775
56,769
45,794
31,360
17,275
46.168
38.900
50.489
45,813
29,920
17.275
46,168
38,900
50.489
45.813
29.920
Polar Capital Fund
Mailland Servlces Llmhed
T Balley Fund Managers
Link Fund Sdutions
Aberdeen Standard Fund Managers
Aberdeen Standard Fund Managers
Ilndex Linkad)
SVS Fund Admin
TwontyFour Gk)bal
Threadneedle Investments
Findlay Park plc
S¢hroder Unit Trust Managers
Capita Financial Manager5 - Linkg Fund
Solutions
Other tnvostments
33.785
51,n4
31,541
29,760
29A24
30,757
28.328
50,803
28,475
29,511
28,553
29,907
10.165
43.844
20,485
21,092
10,107
24601
20.485
26.212
25.036
20,025
20.025
632 314
954 141
1141172
1 160 276
956 876
Page 13

Th8 FTuiterers Foundatlon
Notes lo the flnancial slatements
for the year ended 31 January 2021
stocks
2021
2020
Finished good8 and goods for resale
2,534
2,620
Dobtors
2021
2020
Du8 wlthin on• y•ar
Prepayments and arxrued Sncome
314
314
Cradltorn: Amounts falllng duo wlthln onè yèar
2021
2020
Accruals and deferred ￿n￿me
5,600
172
Page 14

The Fruiterors Foundation
Noles to the tlnanclal statements
for the year ended 31 January 2021
10. Statsment of funds
Statement of funds - current year
Balance at 1
February
2020
Balance at
Gainsl 31 January
{Lo810¥1
2021
Incom• Expendlture
Unrestricted funds
Charitable Trust
Benevolent Soclaty
Frult Culiurfj
256,855
149,011
808.199
1x009
2,767
20,826
(27,562)
14,095)
120.909)
(48)
720
6,809
383,254
148A03
814,925
1,214,065
177.602
152,566)
7,481
1.346,582
R••trl¢tod fvnds
Franklandg Glft Fund
Nuffleld Scholarshlp
105
6,000
105
(8,000
6,105
(6,000}
105
Total of funds
1,220,170
1TI,602
<58,566}
7,481
1,346,687
8tst•m•nt of funds - prlor year
Balance at
1 February
2019
B8lan¢e at
G8ln81 31 January
(Lo$$es}
2020
Income Expendfturo
Unrnstrlct•d funds
Charltable Trust
Benevolent Socloty
Fruit Culture
229,705
143.781
721,894
15,990
2,961
28,109
(12,8191
{3.8831
122.1961
23,979
6,152
80,392
256,855
149,011
808,199
1.095.380
47,060
138,898)
110.523
1,214,065
R•strlcted funds
Franklands GWt Fund
Nuffi8ld Scholarship
105
12,000
105
(6,000)
6,000
12,105
(6,000)
6,105
Total of funds
1,107,485
47,060
(44,898)
110,523
1,220,170
Page 15

The Fruiterers Foundallon
Notes to the flnanGial statements
for the year ended 31 January 2021
11. Sumrnary of funds
Summary of fund$ - ¢urr•nt y•ar
Balance at 1
February
2020
Balance at
Gainsl 31 January
(Loss•s)
2021
Income Expendltura
Daslgnated funds
Restricted funds
1,214,065
6,105
177.602
152,5661
(6,0001
7A81
1,346,582
105
1,220,170
177,602
{58.5661
7,481
1,346,687
Sumrnary of fundi - prior y•ar
Balance at
1 February
2019
Balance at
Galnsl 31 January
ILoss881
2020
Income Expenditure
De8lgnaled funds
Reslrlcted funds
1,095,380
12.105
47.060
{38,898}
16,0001
110.523
1,214,065
6,105
1,107,485
47,060
144,8981
110,523
1.220,170
12. Analys18 of net asi•ts bgtwoon funds
AnatyAi$ of net assets bgtween fund• - curr•nt Porlod
Unrestrlcted R08trlctod
funds
fund8
2021
2021
Total
funds
2021
Fixed asset Investments
Currant assets
Creditors due wllhln one year
1,155,590
196,592
15,6001
1,155.590
196,697
(5,600)
105
Total
1,346,582
105
1,346,687
Pag&16

The Fruiterers Foundatlon
Notes to the flnancial statements
for the year ended 31 January 2021
12. Analysls of net a55ets between funds (continued
Analy818 of net assets between funds - prior Fwiod
Unrestrrcted
funds
2020
Restrfcted
funds
2020
Total
fvnds
2020
Fixed asset Investments
Current assets
Creditors due Ythhin one year
1.160.276
53,961
1172)
1.160,276
60.066
11721
6.105
Totsl
1.214.065
6.105
1,220,170
Designatsd Funds- Benevolent Soclety
In 2009, The Wholesale Fruit arKf Potsto Benevolent Society transferred its assets and liabiliti8s tolalling
£192,046 into the Charitable Trust. The Trustees, decid8d to categories these funds as a separate
unrestricted fund, whith is lo be used in order to continue the objectives of the Benevolent ￿lety, being
to provide grants to tts beneficiaries.
Restrlcled Funds
The Franklands Gsft Fund was created to Supp￿ the needy of th8 Company and those assoKiated with it.
In the year ended 31 January 2019. a donation was received from an anonymous donor to be used for
Nuffield Scholarships.
13. Related party transacuons
There were no related party transactiorts durtng the yBar. or outstanding related party balances at the
Balan￿ Sheet date.
Page 17