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2022-12-31-accounts

Contents
Pages
Reference and administrative information
Trustees' report 2-6
Independent auditors' report 7-9
Statement of financialactivities 10
Balance sheet
Statement of cash flows 12
Notes to the financial statements 13-20

Trustees Trustees who served Trustees who served during the period and during the period and during the period and up to the date ofthis up to the date ofthis report
were as follows:
Steven Levin (Chair - Appointed
November		 2022)
Paul William Feeney (Chair —Resigned October 2022)
Matthew
Charles		 Burton (Resigned September 2022)
Gemma
Harle		 (Resigned October 2022)
Philippa
Lucy Foster Back, CBE
Richard Breen
Timothy
Edmund		 Michael Childe (Treasurer)
Tosin James-Odukoya (Appointed January 2022)
Penny Cole (Appointed October 2022)
Stephen Charles Gazard (Appointed October 2022)
Registered office Quilter pic
Senator House
85Queen Victoria Street
London
EC4V4AB
Member Quilter
Holdings		 Limited
Senator House
85 Queen Victoria Street
London
EC4V 4AB
Registered
in England		 and Wales, Company Number: 01606702
Banker National
Westminster		 Bank pic
135Bishopsgate
London
EC2M 3UR
Solicitor Wamble Bond Dickinson (UK) LLP
4More London Riverside
London
SE1 2AU
independent auditors PricewaterhouseCoopers LLP
Chartered
Accountants
Savannah
House
3Ocean Way
Southampton
50143TJ
investment manager and custodian LGT Wealth Management UK LLP
14Cornhill
London
EC3V3NR
Page 1
CONFIDENTIAL

Restricted Unrestricted 2022 Restricted Unrestricted 2021
funds funds Total funds funds Total
Notes
Income from:
Donations 151,026 319,825 470,851 33,902 276,217 310,119
Other trading activities 63,598 49 63,647 47,240 47,240
Investments 174,346 174,346 I64,567 164,567
Total Income 214,624 494,220 708,844 81,142 440,784 521,926
Expenditure
on:
Raising funds 1,343 1,343 578 578
Investment
management		 fees 44,031 44,031 47,822 47,822
Charitable
activities		 214624 792,784 1,007,408 81,142 377057 458,199
Total expenditure 214,624 838,158 1,052,782 81,142 425,457 506,599
Net (losses)/gains on investments 10 (1,491,518) (1,491,518) 794,101 794,101
Net (expense)/in come (1,835,456) (1,835,456) 809,428 809,428
(Deficit)/surplus forthe year (1,835,456) (1,835,456) 809,428 809,428
Fund balances
brought		 forward 9,754,826 9,754,826 8,945,398 8,945,398
Fund balances carried forward at 31
December		 14 7,919,370 7,919,370 9,754,826 9,754,826

as at 31 December 2022
2022 2021
Notes 6 E
Fixed assets
Investments 10 8,249,048 9,955,349
Current assets
Cash and cash equivalents 168,149 172,054
Total current assets 168,149 172,054
Creditors: amounts falling due within one year 12 327,827 372,577
Net current
liabilities		 159,678 200,523
Total assets less current liabilities 8,089,370 9,754,826
Creditors: amounts falling due after one year 12 170,000
Total net assets 7,919,370 9,754,826
Funds ofthe charity:
Unrestricted
funds		 14 7,919,370 9,754,826
Total charity funds 7,919,370 9,754,826

for the year ended 31 Dec ember 202 2
2022 2021
Notes 6 6
Net cash flows from operating
activities		 13 (349,003i (255,992)
Investing activities:
Bank interest 4 98
Proceeds from disposal of investments 10 345,000 399,000
Net cash flows generated from investing activities 345,098 399,000
Change
in cash and cash equivalents		 in the reporting period (3,905) 143,008
Cash and cash equivalents at the beginning ofthe reporting period 172,054 29,046
Cash and cash equivalents atthe end ofthe reporting period 168,149 172,054
The notes on pages 13to 20form an integral part of these financial statements.

(n) Financial instrume (n) Financial instrume n ts ts ts
Financial
instruments		 are intially measured at fair value. Fair value is the price that would be received to sell an asset or paid
to transfer
a liability		 in an orderly transaction between market
participants		 at the measurement date. In the statement
of
cash flows, cash and cash equivalents include cash at bank and in hand.
2
Donations
Restricted Unrestricted 2022 2021
funds funds Total Total
6 6 6 6
Corporate donations 151,026 205,315 356,341 214,593
Donated services and support 114,510 114,510 95,526
Total 151,026 319,825 470,851 310,119
Administrative
support		 is provided
by		 Quilter. The value ofthese services for the year ended 31 December 2022 is estimated
at6114,510(2021:695,526).The value ofthese services is recognised
within		 income as a donation, and an equivalent charge
is included
within		 expenditure as support costs.
3
Other trading activities
Restricted Unrestricted 2022 2021
funds funds Total Total
6 6 6 6
Income from Quilter employee fundraising events 63,598 49 63,647 47,240
4
Income from		 investments
Restricted Unrestricted 2022 2021
funds funds Total Total
6 6 6
Bank interest 98 98
Net income from LGTVestra portfolio 174,248 174,248 164,567
174,346 174,346 164,567
Net income from LGT Vestra portfolio is comprised of 6178,659 (2021:6169,362) of investment income from equities and
bonds offset against 64411(2021:64 795) ofvariable bank charges, custody fees and transactional charges.
5
Expenditure		 on raising funds
Restricted Unrestricted 2022 2021
funds funds Total Total
6 6 6 6
justGiving
membership		 scheme fees 562 562 562
Bank charges 13 13 16
Other 768 768
1,343 1,343 578

Notes tothe Financial Notes tothe Financial Notes tothe Financial Statements Statements
for the year ended 31 December 2022
6 Expenditure
on		 investment management fees
Restricted Unrestricted 2022 2021
funds funds Total Total
E E E E
LOTVestra management fees 44,031 44,031 47,822
44,031 44,031 47,822
7 Expenditure
on		 charitable activities
Restricted Unrestricted 2022 2021
funds funds Total Total
Supporting
Young Carers:
Carers Trust -(Charity No: 1145181)' (75,795) (75,795) 286,361
Local Community Fund' 85,789 (4,733) 81,056 50,000
Crossroads
Care		 - (Isle Of Man Charity No: 383) 20,000 20,000 3,677
85,789 (60,528) 25,261 340,038
Financial
Education:
Financial
Futures		 Fund (KickStart Money) - The Investing and
Savings Alliance - (Company No: 03548792) 20,000 20,000
MyBnk - (Charity No: 1123791) 510,000 510,000
530,000 530,000
Employment:
Safe New Futures -(Charity No: 1088357) 24,476 24,476 7,680
Street League - (Charity No: 1101313) 12,193 12,193 3,800
School of Hard Knocks - (Charity No: 1147009) 12,362 12,362
49,031 49,031 I1,480
Disasters Emergency Committee (DEC) - (Charity No: 1062638):
Afghanistan 50,000 50,000
Ukraine 128,835 26,955 155,790
Pakistan 32,260 32,260
Syria/Turkey 37,500 37,500
128,835 146,715 275,550
Christmas
campaign		 (10,000) (10,000) 10,000
Vivid Live —(Company No: 11640039) 8,056 8,056 1,155
Thrive Jersey -Oersey Chadity No: 1293) 5,000 5,000
Oasis Academy
Lord's
Hill		 - (Charity No: 1138872) 10,000 10,000
Support costs 114,510 114,510 95,526
Total 214,624 792,784 1,007,408 458,199

8
Analysis ofsuppor		 t costs
Restricted Unrestricted 2022 2021
funds funds Total Total
E 6 E E
Audit fees 5,591 5,591 5,225
Legal fees 875
Donated administrative services 108,919 108,919 89,426
114,510 114,510 95,526

Net
(losses)/gains Net Funds at 31
Funds at 1 OI1 investment LGTVestra December
January 2022 investments income Fees Disposals 2022
E E E E E E
LGTVestra portfolio 9,955,349 (1,491,518) 174,248 (44,031) (345,000) 8,249,048
Net assets 9,955,349 (1,491,518) 174,248 (44,031) (345,000) 8,249,048
Net
(losses)/gains Net
Fundsat1 OI1 investment LGTVestra Funds at 31
January 2021 investments income fees Disposals December 2021
E E E
LGTVestra portfolio 9,443,503 794,101 I64,567 (47,822) (399,000) 9,955,349
Net assets 9,443,503 794,101 164,567 (47,822) (399,000) 9,955,349
The investment porffolio comprises of:
Net Net
(losses)/gains investment Funds at 31
Funds at 1 on income/ LGTVestra December
January 2022 Purchases investments (expense) Fees Disposals 2022
E E 6 E E
Bonds/fixed interest 2,811,811 994,034 (446,071) (637,630) 2,722,144
Equities 2,686,205 454,486 (361,636) (330) (685,337) 2,093,388
Pooled investment vehicles 4,374,321 1,031,623 (683,811) (1,384,030) 3,338,103
Cash 83,012 (2,480,143) 174,578 (44,031) 2,361,997 95,413
Total 9,955,349 (1,491,518) 174,248 (44,031) (345,000) 8,249,048
Net Net
(losses)/gains investment
Funds at 1 on income/ LGTVestra Funds at 31
January 2021 Purchases investments (expense) Fees Disposals December 2021
E E
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 1,1 15,781 482,878 (863,685) 4,374,321
Cash I71,007 (1,905,21 7) 164,883 (47,822) 1,700,161 83,012
Total 9,443,503 794,101 164,567 (47,822) (399,000) 9,955,349

Bonds/fixed interest interest
Equities
Pooled investment vehicles
Cash
Total
Bonds/fixed interest
Equities
Pooled investment vehicles
Cash
Total
Level 1 Level 2 Level 3 2022
E 6
2,722,145 2,722,145
2,093,387 2,093,387
3,338,101 3,338,101
95,415 95,415
8,249,048 8,249,048
Level1 Level 2 Level 3 2021
E E E
2,293,133 518,678 2,811,811
2,686,205 2,686,205
4,374,321 4,374,321
83,012 83,012
9,436,671 518,678 9,955,349

12 Creditors
Within one 2022
year After one year Total
E E
Grants payable
Carers Trust
MyBnk 170,000 170,000 340,000
The Mix
Street League 12,193 12,193
School ofHard Knocks 12,362 12,362
Safe New Futures 24,476 24,476
KickStart Money 20,000 20,000
Disaster Emergency Committee - Pakistan Floor 7,260 7,260
Disaster Emergency Committee - Syria-Turkey 37,500 37,500
Local Community Fund —Central Youth Club 8,990 8,990
Local Community Fund —Grow Jersey 5,000 5,000
Local Community Fund —Southampton City Farm 10,000 10,000
Local Community Fund - SAFEI 10,000 10,000
Local Community Fund - Winchester and District Young Carers 10,000 10,000
327,781 170,000 497,781
JustGiving
membership		 scheme fees 46 46
Total 327,827 170,000 497,827
Within one 2021
ear After one year Total
Grants payable
Carers Trust 211,056 211,056
MyBnk
The Mix
Street League 24,385 24,385
School of Hard Knocks 24,724 24,724
Safe New Futures 26,337 26,337
Kickgtart Money 20,000 20,000
Local Community Fund 50,000 50,000
356,502 356,502
Raised funds due to Carers Trust, Christmas campaign and
Street League 16,026 16,026
JustGiving
membership		 scheme fees 49 49
Total 372,577 372,577
There are no other financial commitments on which to report.
13 Net cash from operating activities
2022 2021
E E
Net (deficit)/surplus
for		 the year (as per the statement offinancial activities) (1,835,456) 809,428
Adjustments
for:
Losses/(gains)
on investments		 1,491,518 (794,101)
Net income from LGT Vestra portfolio (174,248) (164,567)
LGTVestra management fees 44,031 47,822
Bank interest (98)
Decrease
in debtors		 20,220
Increase/(decrease)
in		 creditors 125,250 (174,794)
Net cash from operating activities (349,003) (255,992)

for the year ended 31 Decemb
14 Unrestricted
funds		 er 2022
Funds at 31
Funds at 1 Other December
January 2022 Income Expenditure (losses)/gains 2022
E 6 6 6 E
General 9,754,826 494,220 (838,158) (1,491,518) 7,919,370
Funds at 31
Funds at 1 December
January 2021 Income Expenditure Other gains 2021
6 E 6 6 6
General 8,945,398 440,784 (425,457) 794,101 9,754,826