2021-07-31-accounts

					Page
General information
Rcport of the Trustees
Auditor's report
Statement offinancial	activities	(including	an income and expenditure	account)	10
Balance sheet
Statement of cash flows					12
Notes to the financial	statements				13

Incorporated	Incorporated		12 May 2016
Charity number			1171995
Company	number		10177824
Directors	and Trustees		Professor Kristine Black-Hawkins					(Independent)
			Professor Jane Duckett		(Independent)
			John 8 Rae-Smith
			Samuel C Swire (Chairman)
			Dr Christian Toennesen		(Independent)
			Edward Watson (Executive			Director)
Objects			The advancement of education				for	the benefit	ofthe	public,
			particularly (but without		limitation)			by the provision		of
			grants for the advancement			ofthe		education	of school,
			college and university	students			in the Chinese		language.
Auditor			Dixon Wilson Audit Services LLP
			22 Chancery Lane
			London
			WC2A ILS
Registered	address and principal	office	Swire House
			59 Buckingham Gate
			London
			SW I E 6AJ
			email: info@swireclf. org
			www. swireclf.org
Bankers			HSBC Bank Pic
			8 Canada Square
			London
			E14SHQ
Solicitors			Farrer &Co
			66 Lincoln's Inn Fields
			London
			WC2A 3LH

					Note		2021	2020
							E	E
Income and endowments		from:
Donations and legacies							1,195,701	3,567,238
Interest							20,959	30,759
Total Income							1,216,660	3,597,997
Expenditure on:
Raising funds							4,658
Charitable activities							2,908,019	2,642,622
Total resources expended							2,912,677	2,641,621
Net (expenditure) IIncome							(1,696,017)	955,375
Total unrestricted income funds at 31 July 2020							5,487,495	4,532,120
Total unrestricted Income		funds	at 31 July 2021 (page		I I)		3,791,478	5,487,495
Ag amounts were derived	from continuing			activities.
The Foundation has no recognised			gains or	losses other than those included		above.
The notes and accounting	policies		on pages	13to 16form	part ofthese accounts.

		Note	2021	2020
			6	E
Current assets
Debtors			1,595
Cash at bank and in	hand		7,067,230	8,669,549
			7,068,825	8,669,549
Liabilities:
Creditors: amounts	falling due
within one year			(3,277,347)	(3,182,054)
Net current assets			3,791,478	5,487,495
			'7 '70 I avo	c70'7 Aoc
Funds ofthe charity
Unrestricted income	funds (page 10)		3,791,478	5,487,495
Total charity funds			3,791,478	5,487,495

					2021	2020
						6
Net movement	in funds				(1,696,0 I7)	955,375
Increase in debtors					(1,595)
Increase / (decrease) in creditors					95,293	(395,073)
Net cash (used	in) / provided by operating			activities	(1,602,3 19)	560,302)
Change in cash	and cash	equivalents			(1,602,3 19)	560,302
Cash and cash	equivalents	brought	forward		8.669,549	8,/09,247
Cash and cash	equivalents	carried forward			7,067,230	0,669,549

3. Income	from donations and legacies	from donations and legacies	from donations and legacies					2021	2020
									6
Donations and legacies
Donations from John Swire 8 Sons								1,195,701	3,567,238
Donations and	legacies in both years relate to		unrestricted		income.
4. Analysis	ofcharitable	expenditure
The charity does not undertake		any activity	directly	but	meets	its charitable	purposes	by making	donations and
grants.
								2021	2020
								6	6
The Belvedere	Academy, as lead	school ofthe
Swire Chinese	Language Centre,	Liverpool						126.580	I77,689
George Watson's College, as lead school ofthe
Swire Chinese	Language Centre,	Edinburgh						333,092	338,729
The Gorse Academies Trust, as		lead school of	the
Swire Chinese	Language Centre,	Leeds						353,340	2 I2,I79
Gosforth Academy, as lead school ofthe
Swire Chinese	Language Centre,	Gosforth						240,659	234,804
The Harris Federation, as lead school ofthe
Swire Chinese	Language Centre,	London						5'15,428	355,048
Jordanhig School, as lead school		ofthe
Swire Chinese	Language Centre,	Glasgow						125,784	I I6,586
King Edward Vl	Aston School, as lead school ofthe
Swire Chinese	Language Centre,	Birmingham						228,968	2 I I,372
The Manchester	Grammar School, as lead school ofthe
Swire Chinese	Language Centre,	Manchester						205,061	425,867
Carried forward								2,158,912	2,072,274
									(continued)

4. Analysis ofcharitable	4. Analysis ofcharitable	expenditure	expenditure	(continued)	2021	2020
						6
Brought forward					2,158,912	2,072,274
Newcastle High School for Girls, as lead school				ofthe
Swire Chinese Language Centre,		Newcastle			186,868	I07,996
Norwich School, as lead school		of the
Swlre Chinese Language Centre,		Norwich			169,047	234,3 I0
The Queen's College, University		ofOxford				2,000
St Peter's College	Radley, as lead school of the
Swire Chinese Language Centre,		Oxforrl			793,070	I48544
Tapton School, as	lead school ofthe
Swire Chinese Language Centre,		Sheffield			91,536	39,504
Total donations					2,899,383	2,604,628
Governonce costs allocated to charitable			activities:
Legal fees						I, I58
Accountancy fees	—accounts				565	565
Accountancy fees	—audit				5,221	5,003
Other professional	fees				48	24,000
Website costs					1,530	4,28I
Travel costs						2,I6I
Bank charges					20
Sundry expenses					1,252	826
Total governance	costs				8,636	37,994
Total resources	expended				2,908,019	2,642,622
5. Debtors					2021	2020
					6
Accrued income					1,595
					1,59S
6. Creditors					2021	2020
					E	6
Amounts falling	due within	one year
Grants payable					3,270644	3,/75, I02
Other creditors					6,703	6,952
					3,277,347	3,/82,054

Financial	Financial	assets	2021	2020
			E	E
Cash			7,067,230	8,669,549
			7,067,230	8,669,549
Financial		liabilities
Grants	payable		3,270,644	3,175,102
Other	creditors		6,703	6,952
			3,277,347	3,182,054