NPT UK National Philanthropic Trust UK Limited Annual report and accounls 30 June 2021 Ctyryny Re9istralK)n 11Y2102 IEr*JLrynd arxl wa￿$) Regi5b3liDn NuffknEr 1181128 *AQIN82WZ' 04112rd021 COMPANIES HOUSE #153 Reports Contacts, offiaaL% and advtsors Chair's review Truslees. report StateTnenl of trustees, responsibilities 12 IndeFendent auditorfs re￿rt 13 Flnan¢lal Statements Ststem￿t of finanryal activities Balance sheet 18 Stalernent of cash flows 19 Accounts"ng policies 20 Notes to the financAal statements 25 NPT UK Limtled Contacts. officials and advisors Chair Ceris Gar(Ir Trustee5 (who served during the year Ceris Gard Richard Cassell Vivien Gould Eileen R. Hei5man David Rowe Chiel Executive Officer Jthn Can Company Number (England and Wales} 11542102 Charity Regi$tTation Number (England and Wales) 1181128 Independent auditor RSM UK Audit LLP 25 Farringthln Street London EC4A 4AB Bankers Bank of America NA 2 King Edward Street London EC1A 1HQ Principal invostment manag?rs UBS 3 Fins￿ Avenue London EC2M 2AN Cazenove Capital 1 London Wall Place London EC2Y SAU Tribe Impact Capital 40 Conduit Street W1S2YQ NPT UK Limited 1 Contacts, officlals and advisors Solicito wrthers LLP 20 Okl Bailey Londo EC4M 7AN Registsred address 20 Old Bailey London EC4M 7AN Prlnclpal address 125 Okl Broad Street Suite 610 London EC2N 1AR NPT UK Limited 2 Chair's review l am pleased to update you on National Phli anlhiopic Trust UK Limited's I"NPT UK") achieven*nts in fiscal year 2020121. NPT UK is a UK registered charity that was founded in 2019 in response lo growirwj dema￿1 for donor-advised fund giving vehicles. NPT UK is COfTNnitted to increasing philanthropy in soaety by helping th)nors manage their charitable giving with rnaximum convenier￿e and tax efficiency. In the mKJst of the continued COVIt>19 pandemt, NPT UK reached new milestones in its third year of operations. We continued to welconE new (k)ncrfs se8knThJ dIx￿r-ad¥lS8d fijnds to meet ￿1r philanthrop￿ goal Our donots-Lx)th new and exist¥KJ-are (￿mprised of indivmjuals. families, foundations 8n¢J fellow charttss. Because of our donors, iJ)Ileclive generosity. NPT UK granted approximatdy £9.1 million this fiscal year {2019120= £0.8 million)- We received ¢ontrit4Jlions ex￿dIr￿j £52.2 million which will surwrt qualified charits8s in the UK and ar0￿￿ the worfd. We now manage £50.2 milli)n of funds, all which aims to support the philanthropic intsfests of individuals arvj Organisat￿n$ in pu￿JIng the ft￿$1 efficient way to achieve maximum charitsbje impact. We pride outsefves on providin9 exemplary service to our NPT UK don￿S. From pro￿$S1ng each incoming contribu￿n lo sendiNJ out meaniThJful grants. we supwrt ow donors and their Charitab￿ wals. Toa8ther. we are worknThJ to achieve real impact in the UK and around the wodo. It is an honcMJr to serve as the NPT UK Board Chair. Warn regards. Ceris Gardner Chair, NPT UK Limitod Board of Trust•es NPT UK Limited 3 Trustees, report 30 June 2021 The Trustees (who are also Ihe direciors for purposes of Company Lawl present their statutory rewrt with Ihe financial statements of NPT UK for the year ended 30 June 2021. The financial statements have been prepared in aG￿rdanCe with the accounting poliaes and c(￿pIY with the charitable company's govemirKJ document. the CoMpan￿S Act 2006 and 'Accounting and Reporting by Charittres Ststement of Recommended Practice applicable to charits.es weparing their accounts in acCOrdar￿ with the Financial Reporting StaTrJard appliCaL￿e in the UK and Republ￿ of Ireland (FRS 102}" la5 amended for accounting perK*Js CcKnmer￿i￿g from 1 January 20191. Misslon and histofical background NPT UK'S missK)n is to inspif8. SUPPOrt and inu8ase charIta￿e giYirvJ ￿ society. primarily through charita￿e donor-advised fuTrJs (DAFS). whith benefit charilws and voluntary organisabons iri the UK and intemationally. NPT UK was establisheil as a rogistereA charity In England and Walps in May 2019 by National Philanthropic Trust. a Charits￿ 501lc}131 organisabon in the United State5 (USI, response to grwng inlemational interest in DAFS. DAFS are a signifunt and popular form of giving in the US and are growing in powlarity in the UK and in other countries around the world. NPT UK aims lo achieve its mission in a number of areas.. researth arKI pron￿le DAFS as a co*4Yecbve vehide for gNing' support a broad range of dorKM5.' cofFrf)rate. Indiv￿val and charitable - through the establishment of philanthr(wtc gNing vehides.. provKle grantmakirKJ advice. expertise * support to don(￿S.. maximise donatvJns through gift aid recovery and use of government incentive5 in the UK for thari&ible contributions.. and )timise fvnds for grant makwKJ throwJh the prUd￿t investment and stewardship of charitable ￿ntrIbu￿n$. The Trustees h8ve paKI due regard to public benefit guidance issl￿d by the Charity c¢)mMis￿on in dec￿1￿19 what activrties the charitable company sh(KJld undertake. Govemlng dtxum•nt The charity is controlled by its goverriThJ dcrument. the Ariicle5 of Asswialion, and constituted as a ￿MpanY limrted by guarantee as defined by Ihe Companies Act 2006. Tr£ charity's soje member is Nat*¥￿ Philanthrc*)ic Trusl. a US charitabje 501lc)13) organisation. NPT UK Limited 4 Trustees. report 30 June 2021 Measuring Impact and public benefft As a grantmaking charity. prov¢ding publ￿ t*neffit is al ￿ heart of Ihe ¢hariWs activity. NPT UK seeks lo adVar￿ philanthropy in soc*ty. primarily through the Pfovision ol charitable DAFS. Donors to NPT UK can recommend grants from thw"r DAFS to support organisats.ons of their choi￿. provided that SLKh organisations pursue charitable purposes as the lerm is ¢Jefined under UK law. NPT UK reviews and musl approve all grant recommendations before the grant can be issued. The Trustees seek to cerbfy that each grant made from a DAF is made in furtherance ol a charitable purpose and offers an ￿entsfiab￿ tenefit to the public or a signtficant seclion of the public. Furthermore. any private benefft that may arise to any rerson 01 company as a result is not more than incidental. Charitsble obje¢lives Charrtab￿ objectives are to increase the aM￿nIS available for charitable purposes by.. encouraging gmng.. facililatir#J efvent Colec￿n. investment and distributKJn of lunds lo minimise overhead.. maximising elybrfty for tax ftlTef to inC￿aSe Ihe benefit to charitable wrposes in proportion to the cost." and applyirKJ funds rais&Y in supwi of s￿h exdusivgty charitable purposes as Ihe Trustees shall from tin* to time (lelermine. Fundraising $tstem•nt NPT UK does not aclNely soh.ot (h)natPLW)s and therefore is not registered wlh Fundraising Regulatty or subscribed to any furnjraising CLKJes of practice. When donat￿n$ from individuals are re(*ived. the charity airns to protect personal data and never sells data or swaps data with other Organisat￿n5. Durin9 fiscal year 2020121. the charity r￿1Ved no compl8ints about fundraising actiwties. Plans for future periods We will continue lo promote philanthropy in s()ciety by working with donors to help them effectively manage their Charitab￿ gi¥iThJ. In aldibon to raising awareness of DAFS with donors. we will also p&1ner with their advisors - wealth managers, tax advisors, so[￿ltorS and estste planne to ensure advisors are aware of the beneffts of incorporatsng philanthropy and OAFS into their dient discus￿On$. Our efforts to be a partner in giving are all fctused on increasing charitatAe grving in the UK and beyond. NPT UK Limited 5 Trustees. report 30 June 2021 Grantmaking priorilies and exclusions The Trustees regularly review NPT UK'S poli￿. objectives guidelines to ensure that grants made are in support of exdusively charitable purpK)ses and for pu￿1¢ benefit. As such. grants ￿rrnt be paKI to.. supwt which are not exdusNely chantable.. indr¥iduals.' PfovKle any kyivate b&nefit {e.g. payment of tuition. dues. rnembetship fees, benefit lid(ets or g)ods bought at th¥itable auction).. and satisfy arry Folitical c£JntributL)ns or supyyl campaign xtivities. Charities are notified electronically of ￿a￿lS awarde(4 and grant payments are made electronically. Grant recipEnts may or may not submit to NPT UK re9ular or one-off progress reports, dependiNJ on the nature of the prc¥ect. the purpose and terms of the grant and the size of the grant awarded. Trustees Re¢ruiementand apwlntmentof Tru$le•s At any one twne. the charity shall have at least three Trustees who meet in person and by teleconferen￿ a minimum of three times every year and addilionally as required. The identificati￿7 of potential new Trustees is carried out by the Board of Trustees. the aim being to appoint those with the appropriate expertise and experien￿ for NPT UK'S woTk. On agreeing to become a Trustee of the charity. new Trustees are thoroughty briefed by their co-Truslees and key managemenl on the history of the charity, day-to4ay managenwt. reSFX)nsitsl￿es of the Truslees. ￿rrent objectives and future plans. The Trustees are also encouraged to attend trainwvJ and w)date courses. Register of TfU5tees' interests In accordance with Company Law •)d the Charity Commission guidan￿ that charity TnJslees and key management vtho may have a personal inleresl in any matter before the Trustees should de￿3￿ that interest and refrain from takiThJ part in any discussion relatiryJ to it. a 'Regisler of Truslees, Interests. is maintained and upjated annually. TrLJStees are required to disclose all relev￿1 interests and register them with the Chief Executive Officer. an(J in accordarKe with the charity's policy. withdraw from decisions Wh￿ a ￿nflICt of interest arises. NPT UK Limrted 6 Truslees, report 30 June 2021 Governance Organisatlo￿l structu The Trustees a￿ uttimately ￿SponSible for the pdioes, actNilies and assets of the eharity. T￿Y meet a minimum of three times annually to review developments with regard lo the charity and ils grantmaking and investment athities. and to make any important decisions. When rw£ssary. the Trustees seek advice and SUPFQrt from th8 charity's professional advisers. Key managementpersonnel The key managernent personnel are considered to be the Trustees an(1 the CEO. The Trustees are r￿1 remunerated for their roles. Administration NPT UK seeks to build efficient and effective adrninislrats.ve systems, whilst recognising the effectiveness of workn'ro in partnership with other organisats"ons_ To this end. administration, rnanagemenl information systems and lethnok¥Jy functions of the charity are provided to NPT UK by organisations: NPT Transatlants"c Limitsd of UK and National Philanthropic Trust of the US. Both arrangements a￿ 9OV8med by service agreements wh¢ch also make provisions for dats proteth.￿) and cxinftlentialitylprivacy requiremènts. Achlevements and slratsgic goa Contributions Our dormys contributed £52.263.517 in fi￿1 year 2020121 12019120 - £6.513.7721 to NPT UK'S DAFS. Wire transfers are the most common method of m*ing contributions. We have also accepted appreciated securitss as contn"tsJtions. These contributions are lumed into philanthropi¢ wttal for the causes and tharib.es closest to our donors. hearts. Investnmnts NPT UK donors Can indicate an inveslmefit prelerenf*. With referen￿ to preapproved pnveslrnents arKI separately managed acu>iJnts. induding altemative and unlisted investrneAts, in an effort to increase amounts available for grants. Investment performance was positive for fiscal year 2020r21, reporting in￿rne and gains of £1,517.300 12019120 £47.0681. NPT UK'S Trustees carefvlly review any rw inveslm8nt$ and also monitor the investmenl perf0rrnan￿ on an on4Joiry basis. NPT UK Limited 7 Trustees, report 30 June 2021 Grantmaking NPT UK'S donors recunmerKled 252 ￿ants totalling £9,118,462 in fiscal year 2020121 12019120 - 28 grants totalling £789,142). NPT UK'S stsff assisted our donors with the grantmaking prws. from answering bas￿ questM?ns abcwjt philanthropy to discussing complex grant agreements. Our team has subslantial knthyledge about philanthropy, DAFS and industry best praclices that support our donors. We work lo ensure our donors are able lo achieve their philanthropic goals. Financial review NPT UK is (￿mmitted to in(¥e8sing philanthropy in swety and the 2020121 fiscal year. demonstrated the cont￿ued Suc￿$ of the charity n its mission. Income for the 2020121 scal year was £52.431.31612019r20- £6.613.1571. The increase in contributions is a result ol Inc￿3$eporting unsuitable appeals from tharittes. contsnuity of stsff, disaster recovery. and olher issues. Financial risks incIL￿e those aiising a5 a result of poor budgetary control, inappropriate spendin9. inaccurate a￿OUnting and inappropnate investment poliaes. Environment or extemal risks indude the possible damage lo the charills fepLrtation, through association ￿th unsuitable eharities. OT wth inappropriate investment actNity. Compliance risks indude the effects of govemment wlieies. potenti81 adverse changes in these policies and the consequences of n0n-cfjM￿lan￿ with applicable laws aThJ regulations. NPT UK Limited 9 Trustees, report 30 June 2021 Principal risks and un¢ertaintie5 {cOntinu￿) The major foms of fin￿Cial risk NPT UK faces are volatilty in equrty and other investment markets due to economic conditions. the attitude of donors relative to their recommendations on investment risk aTrJ char¥Jes in sentiment ton¢eming equities and within particular sectors or SU￿sectOrS arKI where S￿nificant reserves are held as cash. the harity la￿ the risk that such funds lose vakE in real-terms. due to low interest rates and rrenw exchange rate5. Having assessed the major risks to whrch the charity is exposed. in parlicular to its finances. the Trustees believe that by monrtorbng ￿seNe levels. by ensuring that controls exist over the key financial systems and by examining the O￿ratK)n8l and business risks fa￿d by the charity. effective systems are in to miti.gate those risks. The chanty maintains an u to-dale risk register in order lo thntify and estsblish effective systems to mitigate those risks. In addition to the identified major forms of financial risk, the charity's risk register is a dynami¢ doc#Jrnent and process that will charrfJe over time as drfferent risks are identified and other risks are downgraded or removed. The risk$ at any one time are graded depending on their percer¥ed likelihocrfl and impacl. Assessments arg also made as to whether the risks are in￿asing. ¢Jecreasing or remainiThJ stable and the actKJn plans. responsibilities arKJ b"meframes for Ihwr imp￿mentsti￿ are also reviewed regularly by Trustees during the year. Trre a￿ generic risks of running any charitabte or business undertaking. The ffL)sl signfficant risks identified for NPT UK relate to: • loss of key slaff- and • disaster recovery and ￿aThning, indudin9 cyber breaths. The following paragraphs set out the identified key risks and the (xjnlrols that NPT UK have put in place to mrtigate thern. Loss of key stsff could have a sKJnificant impacl on the organisation as this may result in the 105$ of specific skills. expenence and C￿ntacts. There may also be a temporary but Signffj￿nt impact on on-goin9 key projects. NPT UK has moved tr) mitigate Ihis risk by comp￿henslvety d(xXjn￿n1In9 key syslems, pjans and projects. and by establishing notice penods and ensurirKJ Ihat w￿e necessary. tr￿sIt￿$ lake place within that time. Oisaster recovery * planning rele￿ to the ￿gnthcanI irW that a major cyber breach or unpre(Jictable disaster could have. such as failures in IT system5 or physical damage to propety and equipment by way of fire. IlcM)d or other natural for￿S. These risks cannol be predicted, but can be prepared for, and NPT UK does so through the ￿eatIOn and review of IT and disaster recovery plans" implemenlirKJ digrtal and physical security measures.. and obtaining appwiate insurance coverage. NPT UK Limiled 10 Trustoes, report 30 June 2021 Auditor RSM UK Audit LLP have iThj￿ateO their willingness to be reappointed for another term. Dlsclosurn of Information to audltor Each of the Trustees confimi thal: in so far as the Trustee is aware.. all relevant audrt informati(￿ has been disclosed to the charitabFe CoMpan￿S auditor,. and • the Trustee has t&ken all steps that helshe Ou￿1 lo have tsken to make himselflherself awa￿ of any relevant audil infornation aThJ to eslablish that the charitsble ccmnpany's auditor ts aware of that infom1atK￿. The Trustees. Report prepared urKler the Charilw Ad 2011. whth also contains all information required in a DirectLY5' reFQrt by the Companie5 Act 2006. was approved by the Board of Trustees arKJ ￿ned on behaw of Ihe Trustees by: Ceris Gardner Cha Dale: 24 November 2ffd1 For more infr)rmation on DAFS see our webyte at ￿W.n tuk.o NPT UK Limited 11 Stalement of Trustees, responsibilities 30 June 2021 The Trustees {who are also the directors of NPT UK for the purposes of company law} ar8 reswnsible for preparing the Trustees Report and the finanoal stslements in accordance with aW¢cable law arKI United Kingdom AccounliThJ Standards (United Kingdom Generally Accepted Accounting Practice). Company law ieouires the Trustees lo prepare finanaal ststernents for each financial year wh￿h give a true and fair view of the state of affairs of the charitable company and of the come and experKJiture, of Ihe Charitab￿ ￿MpanY for that period. In preparing those financial staiement5. the Twstees are required to" sdect suitsble aco)unts"ng and then apply them consistenly.. observe Ihe methods and priwples in the Charities SORP: make judgments and estimates thal are Teasonable and p￿￿ent.. state whelher applicatAe UK acuJuntirNJ standards have been followed, subject lo any material departures dwk)5ed and explained in the financial ststements." and prepare the financAal statements on the going concern basis unless il is inappropriate to presume that the charrtable company will continue in business. The Trustees are resF(Jn5ible for keeping proper afxounting ￿CordS. which disclose with reasonable accuracy at any time. Ihe fina[￿￿1 position of the Charitsb￿ company and to enable them lo enyJre that the financial slalements comply with the Ccmnpanies Act 2006. They a￿ also reswnsible.for safeguarding the assets of Ihe charitable company and hence for tsking reasonable sleps for the preventK)n and detection of fraud other.irregularilies. NPT UK Limited 12 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF NATIONAL PHILANTHROPIC TRUST UK LIMITED Oplnion We have audited the financial ststements of National Philanthropic Trust UK Limited Ilhe 'charita￿e company'l for the year ended 30 June 2021 which comprise the Statement of Finanaal A¢ts'vities. the Balance Sheet, the Stslemenl of Cash Flows and notes to the financial statements, induding significant accounts.ng policies. The financial reporting framework that has been applied in their preparatic￿ is applicab￿ law and United ￿'ngdoM AccounliryJ Standards. indudiThJ FRS 102 Vhe Financial RepK)rts"ng Standard applicable in the UK aThJ Republ￿ of Ireland" (United ￿"ngdoM Generally Accepted Accounting Practice). In our opinion the financHI statem￿ts= give a Iwe and fair view of the stsle of the Charitsble company's affairs as al 30 June 2021 and of its incx)ming resour￿5 and apP￿.cal￿n of resources, induding its ncorne and expenditu￿. for the year then ended" have been property prepared in a￿dan￿ wrth United Kingdom Generally Accepted Accounting Practi￿., and have been prepar&J in accordan￿ with the ￿Qu1￿ments of Companies ￿1 Basis for oplnlon We conducled our aLKJit in accordance wrth Intemabonal StsThJards on Auditing IUKI IISAS (UK)) and applicable law. Our respK)nsibilities under those stsndards are further described in the Auoitorfs resp￿SIbilIt￿5 for tr* audit of the finanoal ststen￿nts section of our report. We are independent of Ihe charitable company in accordanc* with the ethical requirements that are rdevant to our aLKIit of the financial statements in the UK. induding the FRC'S Ethical Standard and we have fulfilled cMJr other ethbcal reswjnsib1lit￿S in accordance with these requirements. We klieve that Ihe au¢Jit evidence we have obtain&J is sufficient and appropriate to provKle a basis for our opinion. Conclusions relating to go5ng concern In auditing the finanual ststemenls. we have C￿ncluded that the Tnjstees. use of the goirMJ concern basis of accounling in Ihe Preparati￿ of the finanaal statements IS appropriate. Based on the work we have performed. ￿ have not *jenIrf￿ any material uncertainties relating to events or condits.ons that, Ir￿1V￿l￿alIY or collectively, may cast signrficanl doubl on the charrtable company's ability lo continue as a going concem for a period of at least Iwelve months from when the finarKial ststements are authorised for issue. (*Jr reswnsibilit*s and the resrrtmsibilthes of the Trustees respect lo going con￿rn are described in the relevant 5&b"ons of this rewt. Olher Infomlation The other information comprises the irrfom)a￿ Ind￿ m the Trustees, Reporl other than the finanaal slalements and our auditor's report thereon. The TnJstees are responsible for the other infomiatson contsined wilhin the Trustees. Report. Our opinion on the financial ststemenls does nol cover the other Inf￿atiOn arKI. except lo the exlenl othe￿iSe exFAicitly stated in ￿k￿)rt. we do express any fom of assuran￿ condusion Ihereon. NPT UK Limited 13 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF NATIONAL PHILANTHROPIC TRUST UK LIMITED Other infomiation I￿ntinUed Our fespK)nsits"lity is lo read the other infom)alion and. in doirrtJ so. consider whether the other inforrnation is materially incongstent wrth the financial statemenls CK our knowledge obtained in the eourse of the 8udrt or olheNise appears lo be materially misstated. If we identify suth material inLx>nsislencies or appa￿nt material misstatements. we are required to deterniine whether tt¥s gives rise to a material misslalement in the financial statements thernselves. If. based on Ihe wort we have perfomied. we conclude thèt there is a material misslatemenl of Ihi5 Other inforrnation. we are reqUIr￿j to report Ihal fact. We have nothing to report in this waft1. opinio￿ on olh•r matters pr•s¢rlbed by th• C¢)mpani•s Act 2006 In our opinion. based the woth undertaken in the course of the audit: the inforniat#)n gtven in the Trustees, Report, which includes Directors, Report prepared for the purposes ol company law. for the financial year for which the ffinanaal statements are prepared is consistent with Ihe financial statements.. and the Oireclors. Report included within the Truslees. Report have been prepared in accordance wilh applKable legal requIre￿￿nts. Matters on which we are required to report by exception In the light of the knowledge and understandirwj of the Charitable CoM￿nY and its environment oblaine . 1￿.0 505.310 NPT UK Limrted 26 Notes to the financial statements 30 June 2021 (bj Allocafedsupport costs Support Costs are allocated based on Spent on actNib"es. (¢) C¢%npaffative inlomlation Comparative information for to￿ expen¢Yrtvre. analysed by fund. is as folkn￿. Unre51rthd Unreslitied 0￿rat{￿) DAF Fur FuThYs 2020 Tol FurKIs Raising lunds 78.940 802.075 8B1.015 (d) Goveman¢e ¢osts Governance LX)sts comprised: 2021 2020 Leg4 expgnses AccrMJntarry and audit feès 13,281 21,600 34,881 27,948 16.500 44.448 S. Ngt movgm*nt in funds This is stsled after ch8rgry: 2020 Audrtor's fwnunerabon lindusNe ol VAT) AcCwnl￿cY fees 13.1)80 8,520 12,000 4.500 6. Key management personnel The key management personnel during the year were the Trustees arKI the Chief EX￿￿tiv0 Officer. The toLIl cost of employment of the key management pgrsonn81 lincludirrfJ employer's nab.onal insLJran¢e 8nd pensK)n contributions) are inojrred ty NPT Transattanb"c Limited as govemed by the service agreement with NPT UK. NPT UK Limited 27 Notes to tho financial $latoments 30 June 2021 7. Trustees. remuneration and expenses No Trustee received any ￿Muneration ￿ were ￿1ft*￿I￿d for expenses from the charity for their services12019120.. tnill. 8. Taxatlon NPT UK is a registered charity and therefore is rnt liable io (xJtpor3tion tax on income derived from its Charits￿e activities, or on income and gains arising from investrnenl. as it falls within the various eXempt￿nS availab￿ lo regL%tered chafities. 9. Inve5trnents 2021 2020 2tr20 Market value at 1 July A0¢ilK￿ at ¢￿t D￿F￿S8￿ at mark81 value Net reali￿ and ￿reali*j 9ar Markel Val￿ at 30 Jun• 2.161.342 42.716,034 11174828S1 1A70257 4.254.923 12,136.7C4)1 43.119 $99.348 2.161.342 Inveslments at market value comprised: 2021 Totsl 2020 Total Amnts ond investments on cal ow market li1￿ ¢Jp Lisred ￿Ve$IMents eonds MU￿. assel luThJ5 2.576. 437.416 13,056.288 2,912.569 6.931.409 2.403,334 28,317.978 2.576.962 75D.994 437,416 1.052.894 13.056.288 357.454 2.912.$69 6.931809 5.281.370 7.684,704 $281.370 33.599.348 2.161,342 32,412,685 Hot￿1 ￿$1 of 1nv8Str￿nts 10. Debtors 2020 Total Funds Operabng FuThYs DAF Funds Tolal Fund5 Detytofs aThl prepwd e¥penses Other d8btLY5 6.737 7.970 14.707 62.528 62.528 107,476 111,076 14,707 46.548 14.707 Total 2020 NPT UK Limited 28 Notes lo the financial slatements 30 June 2021 11. Cr•ditors: amounts falling due Wlthln on• y•ar 2021 T*)lal Funds 2020 Total Funds Operating Furxts DAF Furnls 15.120 22,680 15.120 Audit fee 15,ei)o 7,971 44.948 txje Ic* NPT-US 1.750 39.550 17.608 1,750 84,498 25.579 44.948 7.971 25,579 Totsi 2020 11 Financial instruments 2021 2020 Carrying amount of fin•nclal a55ets ln*ru￿￿nts rrthsured at Pdir valuè thmuoh surpwde 33,599,348 2.161.342 13. Movements In funds Realised & Unreali5ed gainsl 8alancg Sat 30 June 2021 asai 1Juty 2020 . Inco￿ Expermliure 77.548 9,324,155 9,401,703 151 65,512 1.470.262 50.214.325 1.470.257 YJ.279.837 Unrestricted DAF fvnd5 5,757.658 52.310.560 5.779.967 52.431.316 8alar asat 1Juty 2019 Realised & Unrealised gainsl ltssesl BaL8nce a5at 30 June 2020 Inc￿￿ ExFefyJilure UnrtstriL#ed operaiing Imys UnrestOLled OAF funts 4,706 £*.572 6.516.565 4.706 6.613.157 78.940 802.075 881.015 1291 43.148 43.119 22.309 5.757,658 5.779.967 Unrestricted OF*ratiThJ fijnds can be ap￿led towards luffilling NPT UKS charitsble purposes. Unrestricted DAF funds ￿p￿t fvnds avadable for the support olcharilable aclivilKqs. NPT UK Limited 29 Notes to the financial staternonts 30 June 2021 14. Analysi$ of not a$s•ts b•twwn funds Unre5tFthd un￿tr￿le￿ Operab"ng DAF FuryJ5 2021 Total Fund$ FurKIs Fixed asse Current assets Current Ik8￿"1rt￿S 33.599.348 33.599.348 16,659,925 16.764.987 144.9461 184,4981 50,214,325 50,279,837 105.062 139.5501 65,512 Unrestr￿18￿ U￿eStr￿a Operntir*J DAF Fur41s Funds 2020 Totsl Funds Fixed assets Cwrent a5set5 2.161.342 2,161.342 3,604.287 3.6H.204 17.9711 125.5791 5.757.658 5,779,967 39,917 117.6081 15. Related party transactions During the year eThJed 30 June 2021, the National Philanthrop￿ Trust ¢Jonal8d £nil12019120 - £82.75311o NPT UK as a voluntsry th￿ation. Purchases of £23.008 {2019r20 - £24.0961 were made from the mat￿nal PhiLgn1hrop￿ Trust in respect of operating expenses. At 30 June 2021 £1.75012019120- £2,CM)8} was owed to the Nat￿81 Philanthropic Trust. In fi$￿1 year 2020r21. NPTUK receNed £1.334.144 from NPT Trar￿vant￿ Limrted as don8tKm to e5tsblish a dow.ath"sed fund for a Thrtual dormjr. 16. Subs•quent •v•nts NPT UK has evaluated their SUbsery￿t events levents ocrJJrrirwJ after 30 June 2021) through 4 November 2021, which represents Ihe date the annual reF¥)rt and accounts were issued. On 27 August 2021. NPT UK enlered a Co-8raThJing anty collatorab.on Agreement with Cazenove CakMt81 to ueate a besFd(e privaie label donor-advised programme made 8vailable to customers of Cazeno¥e. NPT UK Limited 30