|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| ## ##