##
##
##
||||||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|