## |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| ## ##