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2021-12-31-accounts

Contents
Pages
Reference and administrative information
Trustees' report 2-7
Independent
auditors'		 report 8-10
Statement offinancial activities
Balance sheet 12
Statement ofcash flows 13
Notes to the financial statements 14-22

Trustees Trustees who served during the Trustees who served during the Trustees who served during the Trustees who served during the period and up to the date ofthis report up to the date ofthis report
were as follows:
Paul William Feeney (Chair)
Matthew
Charles		 Burton
Philippa
Lucy Foster Back,		 CBE
Richard Breen
Timothy Edmund Michael Childe (Treasurer)
Jane Sara h Goo d land (Resigned July 2021)
Gemma
Harle		 (Appointed August 2021)
Tosin James-Odukoya (Appointed January 2022)
Registered office Quilter Pic
Senator House
85 Queen Victoria Street
London
EC4V 4AB
Member Quilter Holdings Limited
Senator House
85Queen Victoria Street
London
EC4V4AB
Registered
in England and		 Wales, Company Number: 01606702
Banker National
Westminster		 Bank Pic
135Bishopsgate
London
EC2M 3UR
Solicitor Womble Bond Dickinson
4More London Riverside
London
SE1 2AU
Auditor PricewaterhouseCoopers LLP
Chartered
Accountants
Savannah
House
3Ocean Way
Southampton
50143TJ
Investment manager and custodian LGTVestra
14Cornhill
London
EC3V 3NR

select suitable accounting
policies and then apply them consistently;		 select suitable accounting
policies and then apply them consistently;
observe the methods and principles in the Charities
SORP;
make judgements
and estimates that		 are reasonable
and prudent;
state whether
applicable
accounting		 standards,
comprising
FRS 102,		 have been followed, subject to any
material departures
disclosed and explained
in the financial statements;		 and
prepare
the financial statements
on		 the going concern
basis unless		 it is inappropriate to presume that the
charity will continue
in business; and

Restricted Unrestricted 2021 Restricted Unrestricted 2020
funds funds Total funds funds Total
Notes 6 6 6 E E
Income from:
Donations 33,902 276,217 310,119 I70,708 344,558 515,266
Other trading activities 47,240 47,240 I25,842 125,842
Investments I64,567 164,567 160,610 160,610
Total Income 81,142 440,784 521,926 296,550 505,168 801,718
Expenditure
on:
Raising funds 578 578 7,501 7,501
Investment
manage ment fees		 47,822 47,822 44,857 44,857
Charitable
activities		 81,142 377,057 458,199 296,550 285,558 582,108
Total expenditure 81,142 425,457 506,599 296,550 337,916 634,466
Net gains on investments 794,101 794,101 378,955 378,955
Net Income 809,428 809428 546,207 546,207
Surplus for the year 8097128 809,428 546,207 546,207
Fund balances brought forward 8,945,398 8,945,398 8,399,191 8,399,191
Fund balances carried forward at 31
December		 15 9,754,826 9,754,826 8,945,398 8,945,398

Balance sheet
as at31 December		 2021
2021 2020
Notes 6 6
Fixed assets
Investments 9,955,349 9,443,503
Current assets
Debtors due within one year 10 20,220
Cash and cash equivalents 172,054 29,046
Total current assets 172,054 49,266
Creditors: amounts falling due within one year 13 372,577 471,925
Net current
liabilities		 200,523 422,659
Total assets less current liabilities 9,754,826 9,020,844
Creditors: amounts falling due after one year 13 75,446
Total net assets 9,754,826 8,945,398
Funds ofthe charity:
Restricted income funds
Unrestricted
funds		 15 9,754,826 8,945,398
Totalcharity
funds		 9,754,826 8,945,398

for the year ended 31 Dec ember 202 1
2021 2020
Notes 5 6
Net cash flows used in from operating activities 14 (255.992) (589,745)
Investing activities:
Bank interest 153
Proceeds from disposal ofinvestments 399,000 460,000
Net cash flows generated from investing activities 399,000 460,153
Change
in cash and cash equivalents		 in the reporting period 143,008 (129,592)
Cash and cash equivalents at the beginning ofthe reporting period 29,046 158,638
Cash and cash equivalents at the end ofthe reporting period 172,054 29,046
The notes on pages 14to 22form an integral part of these financial statements.

Restricted Unrestricted 2021 2020
funds funds Total Total
6 6
Corporate donations 33,902 180,691 214,593 420,708
Donated services and support 95,526 95,526 94,558
Total 33,902 276,217 310,119 515,266

3 Other trading activities
Restricted Unrestricted 2021 2020
funds funds Total Total
6 6 6
Income from Quilter pic employee fundraising events 47,240 47,240 125,842
4 Income from investments
Restricted Unrestricted 2021 2020
funds funds Total Total
6 6 6 6
Bank interest 153
Net income from LGTVestra portfolio 164,567 164,567 160,457
164,567 164,567 160,610

5 Expenditure on raising funds raising funds raising funds raising funds raising funds
Restricted Unrestricted 2021 2020
funds funds Total Total
E E E E
IustGiving
membership		 scheme fees 562 562 562
Bank charges 16 16 29
Other 6,910
578 578 7,501
6 Expenditure on investment management fees
Restricted Unrestricted 2021 2020
funds funds Total Total
E E E E
LGT Vestra management fees 47,822 47,822 44,857
47,822 47,822 44,857
7 Expenditure on charitable activities
Restricted Unrestricted 2021 2020
funds funds Total Total
Supporting
Young Carers:
Carers Trust -(Charity No: 1145181) 77,465 208,896 286,361 183,058
Local Community 50,000 50,000
Crossroads Care - (Isle Of Man Charity No:383) 3,677 3,677 20,000
81,142 258,896 340,038 203,058
Financial Education:
Financial
Futures		 Fund (KickStart Money) - The Investing and
Savings Alliance (Company No:03548792) 40,000
40,000
Employment:
Safe New Futures - (Charity No: 1088357) 7,680 7,680
Street League - (Charity No: 1101313) 3,800 3,800
11,480 11,480
Disasters Emergency Committee (DEC) —(Charity No: 1062638) 244,492
Christmas
campaign		 10,000 10,000
Vivid Live 1,155 1,155
Support costs 95,526 95,526 94,558
Total 81,142 377,057 458,199 582,108

8
Analysis ofsupport		 costs
Restricted Unrestricted 2021 2020
funds funds Total Total
f f F. 6
Audit fees 5,225 5,225 5,000
Legal fees 875 875 8,701
Donated administrative services 89,426 89,426 80,857
95,526 95,526 94,558

10 Debtors due within one year
2021 2020
f 6
Accrual for Quilter pic matching ofemployee donations 20,220

Net Funds at 31
Funds at 1 Net gains on investment LGTVestra December
January 2021 investments Income Fees Disposals 2021
E E E E
LGTVestra porffolio 9,443,503 794,101 164,567 (47,822) (399,000) 9,955,349
Net assets 9,443,503 794,101 164,567 (47,822) (399,000) 9,955,349
Net Funds at 31
Funds at I Net gains on investment LGTVestra December
January 2020 investments income fees Disposals 2020
E E E E
LGTVestra porffolio 9,408,948 378,955 'I60,457 (44,857) (460,000) 9,443,503
Net assets 9,408,948 378,955 'I60,457 (44,857) (460,000) 9,443,503
The mvestment port(one comprises oh
Net
(losses)/gains Net Funds at 31
Funds at 1 on investment LGTVestra December
January 2021 Purchases investments income Fees Disposals 2021
E E E E 6
Bonds/Fixed interest 3,081,881 581,333 (128,906) (722,497) 2,811,811
Equities 2,551,268 208,103 440,129 (316) (512,979) 2,686,205
Pooled investment vehicles 3,639,347 1,115,781 482,878 (863,685) 4,374,321
Cash 171,007 (1,905,217) I64,883 (47,822) 1,700,161 83,012
Total 9,443,503 794,101 I64,567 (47,822) (399,000) 9,955,349
Net
gains/(losses) Net Funds at 31
Funds at 1 on Investment LGT Vestra December
January 2020 Purchases investments income Fees Disposals 2020
E E E E E
Bonds/Fixed interest 3,1'I 2,177 530,015 I34,509 (694,820) 3,081,881
Equities 2,366,355 591,782 (232,018) (328) (174,523) 2,551,268
Pooled investment vehicles 3,633,270 882,339 476,464 2,153 (1,354,879) 3,639,347
Cash 297,146 (2,004,136) 158,632 (44,857) 1,764,222 171,007
Total 9,408,948 378,955 160,457 (44,857) (460,000) 9,443,503

Investments hav e been defined as fair valu e through
profit or loss.
2021
Level 1 Level 2 Level 3 Total
f f f f
Bonds/Fixed interest 2,293,133 518,678 2,811,811
Equities 2,686,205 2,686,205
Pooled investment vehicles 4,374,321 4,374,321
Cash 83,012 83,012
Total 9,436,671 518,678 9,955,349
2020
Level 1 Level 2 Level 3 Total
f f f f
Bonds/Fixed interest 1,146,389 1,935,492 3,081,881
Equities 2,551,268 2,551,268
Pooled investment vehicles 3,639,347 3,639,347
Cash 171,007 171,007
Total 7,508,011 1,935,492 9,443,503

13 Creditors
Within one 2021
ear After one year Total
6 6
Grants payable
Carers Trust 211,056 211,056
MyBnk
The Mix
Street League 24,385 24,385
School ofHard Knocks 24,724 24,724
Safe New Futures 26,337 26,337
KickStart Money 20,000 20,000
Local Community 50,000 50,000
356,502 356,502
Raised funds due to Carers Trust, Christmas campaign and
Street League 16,026 16,026
Just Giving membership scheme fees 49 49
Total 372,577 372,577
Within one 2020
year After one year Total
Grants payable
Carers Trust 75,795 75,795
MyBnk 156,670 156,670
The Mix 25,425 25,425
Street League 48,770 24,385 73,155
School ofHard Knocks 49,448 24,724 74,172
Safe New Futures 51,907 26,337 78,244
KickStart Money 20,000 20,000
428,015 75,446 503,461
Raised funds due to Crossroads Care and Carers Trust 43,863 43,863
Just Giving membership scheme fees 47 47
Total 471,925 75,446 547,371

14 Net cash use d in fr om o per ating activit ies
2021 2020
E E
Net income for the reporting period (as per the statement offinancial activities) 809,428 546,207
Adjustments
for:
Gains on investments (794,101) (378,955)
Net income from LGTVestra portfolio (164,567) (160,457)
LGT Vestra management fees 47,822 44,857
Bank interest (153)
Decrease in debtors 20,220 10,846
Decrease in creditors (174,794) (652,090)
Net cash used in from operating activities (255,992) (589,745)
15 Unrestricted funds
Funds at 31
Funds at 1 December
january 2021 Income Expenditure Other gains Transfer 2021
6 6 6 6 6
General 8,945,398 440,784 (425,457) 794,101 9,754,826
Funds at 31
Funds at 1 December
January 2020 Income Expenditure Other gains Transfer 2020
6 6
General 8,399,191 505,168 (337,916) 378,955 8,945,398