This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.
2022-03-31-accounts
| Trustees |
F Cole |
|
TWalker |
|
HJ Porter |
|
WJ Forrester |
|
MW Jones |
| Honorary Secretary |
A Hollands |
| Charity number |
1190231 |
| Registered office |
11 WhitecroftWay |
|
Beckenharn |
|
Kent |
|
8R3 3AQ |
| Auditor |
RSM UK Audit LLP |
|
Chartered Accountants |
|
STC House |
|
7 Elmfield Road |
|
Bromley |
|
Kent |
|
BR11LT |
| Bankers |
Coutts & Co |
|
440 Strand |
|
London |
|
WC2R0QS |
| Solicitors |
Hunters |
|
Alour
uiaro |
RSM UK Audit LLP
16/11/22
|
|
Unrestricted |
Endowment |
Total |
|
|
funds |
funds |
2022 |
|
Notes |
£ |
£ |
£ |
| Incomefrom: |
|
|
|
|
| Investments |
3 |
1,317,743 |
|
1,317,743 |
| Expenditureon: |
|
|
|
|
| Charitableactivities |
4 |
(1,494,223) |
|
(1,494,223) |
| Netgain on investments |
|
364,542 |
524,586 |
889,128 |
| Net movement infunds |
|
188,062 |
524,586 |
712,648 |
| Totalfunds broughtforward at 1April2021 |
|
18,608,674 |
24,470,025 |
43,078,699 |
| Totalfundscarriedforward at31 March2022 |
|
18,796,736 |
24,994,611 |
43,791,347 |
| 2021 |
|
|
|
|
|
|
Unrestricted |
Endowment |
Total |
|
|
funds |
funds |
2021 |
|
Notes |
£ |
£ |
£ |
| Incomefrom: |
|
|
|
|
| Donationsand legacies |
2 |
6,087,702 |
36,538,134 |
42,625,836 |
| Investments |
3 |
17,579,198 |
|
17,579,198 |
| Total incomeand endowments |
|
23,666,900 |
36,538,134 |
60,205,034 |
| Expenditureon: |
|
|
|
|
| Charitableactivities |
4 |
(11,340) |
|
(11,340) |
| Net losses on investments |
|
(5,046,886) |
(12,068,109) |
(17,114,995) |
| Net movement In funds |
|
18,608,674 |
24,470,025 |
43,078,699 |
| Totalfundsbroughtforwardat 2July 2020 |
|
|
|
|
| Total funds carried forward at 31 March 2021 |
|
18,608,674 |
24,470,025 |
43,078,699 |
|
|
2022 |
2022 |
2021 |
2021 |
|
Notes |
£ |
£ |
£ |
£ |
| Fixed assets |
|
|
|
|
|
| Investments |
7 |
|
42,508,770 |
|
41,464,466 |
| Tangible assets |
9 |
|
314 |
|
|
|
|
|
42,509,084 |
|
41,464,466 |
| Current assets |
|
|
|
|
|
| Debtors |
10 |
124,002 |
|
1,504,666 |
|
| Cash atbankand in hand |
|
1,169,949 |
|
120,907 |
|
|
|
1,293,951 |
|
1,625,573 |
|
| Creditors: amounts falling due within one year |
11 |
(11,688) |
|
(11,340) |
|
| Netcurrentassets |
|
|
1,282,263 |
|
1,614,233 |
| Total assets less current liabilities |
|
|
43,791,347 |
|
43,078,699 |
| Capital funds |
|
|
|
|
|
| Endowmentfund |
12 |
|
24,994,611 |
|
24,470,025 |
| Income funds |
|
|
|
|
|
| Unrestrictedfund |
12 |
|
18,796,736 |
|
18,608,674 |
| Total funds |
12 |
|
43,791,347 |
|
43,078,699 |
|
|
2022 |
2022 |
2021 |
|
|
Notes |
£ |
£ |
£ |
£ |
| Cash flows from operating activities |
|
|
|
|
|
| cash generated (used in)/fromoperations |
15 |
|
(113,105) |
|
41,121,170 |
| Investing activities |
|
|
|
|
|
| Purchase ofinvestments |
|
(155,176) |
|
(58,579,461) |
|
| Fixed assets |
|
(419) |
|
|
|
| Investmentincomereceived |
|
1,317,742 |
|
17,579,198 |
|
| Net cash generated by/(used in) from investing |
|
|
|
|
|
| activities |
|
|
1,162,147 |
|
(41,000,263) |
| Net increase in cash and cash equivalents |
|
|
1,049,042 |
|
120,907 |
| cash and cash equivalents atbeginning ofperiod |
|
|
120,907 |
|
|
| Cash and cash equivalents at end of period |
|
|
1,169,949 |
|
120,907 |
|
Unrestricted |
Endowment |
Total |
|
funds |
funds |
2021 |
|
£ |
£ |
£ |
| Donations |
6,087,702 |
36,538,134 |
42,625,836 |
| Donations |
|
|
|
| Incomefromotherrelated parties |
5,037,206 |
|
5,037,206 |
| Donation - Films& Equipmentslimited |
177,000 |
|
177,000 |
| Donation - Donald ForresterTrust |
745,196 |
7,018,507 |
7,763,703 |
| Donation - Gwyneth ForresterTrust |
128,300 |
29,519,627 |
29,647,927 |
|
6,087,702 |
36,538,134 |
42,625,836 |
|
Unrestricted |
Unrestricted |
|
funds |
funds |
|
2022 |
2021 |
|
£ |
£ |
| Incomefrom listed investments |
1,144,971 |
120,675 |
| Incomefrom unlistedinvestments |
|
17,414,700 |
| Otherincome |
152,711 |
43,591 |
| Interestreceivable |
20,061 |
232 |
|
1,317,743 |
17,579,198 |
| Expenditure on charitable activities |
|
|
|
2022 |
2021 |
|
£ |
£ |
| Grants |
1,379,266 |
|
| Supportand governance costs |
114,957 |
11,340 |
|
1,494,223 |
11,340 |
|
2022 |
2021 |
| Grants |
£ |
£ |
| Disaster Relief |
185,000 |
|
| Term Funding |
250,000 |
|
| Theme oftheYear |
600,966 |
|
| Smaller Grants |
343,300 |
|
|
1,379,266 |
|
| Supportand Governance costs |
|
|
| Employmentcosts |
72,388 |
|
| Auditorsremuneration |
10,000 |
6,600 |
| Website |
13,778 |
|
| Legal and Professionalfees |
4,013 |
|
| Subscriptions |
1,881 |
|
| Officecosts |
12,897 |
4,740 |
|
114,957 |
11,340 |
| Staffdetails |
|
2022 |
2021 |
| Number ofstaff |
|
2 |
|
|
|
£ |
£ |
| Salaries |
|
67,660 |
|
| Social security costs |
|
6,904 |
|
| Employment Allowance |
|
(4,000) |
|
| Pension costs |
|
1,824 |
|
|
|
72,388 |
|
| Fixed asset investments |
|
|
|
|
Listed |
Unlisted |
Total |
|
investments |
investments |
|
|
£ |
£ |
£ |
| Costor valuation |
|
|
|
| At 2 July 2020 |
|
|
|
| Additions |
41,486,543 |
17,092,918 |
58,579,461 |
| Valuation (loss)/gain |
(27,564) |
(17,087,431) |
(17,114,995) |
| At 31 March 2021 |
41,458,979 |
5,487 |
41,464,466 |
| Additions |
155,176 |
|
155,176 |
| Valuation gain/(loss) |
889,128 |
|
889,128 |
| At 31 March 2022 |
42,503,283 |
5,487 |
42,508,770 |
| 7 |
Fixed asset investments (Continued) |
|
|
|
|
2022 |
2021 |
|
|
£ |
£ |
|
Investments atfairvalue comprise: |
|
|
|
Fixed income |
2,970,699 |
4,629,332 |
|
Equities |
29,575,824 |
29,875,799 |
|
Property |
2,366,907 |
1,006,472 |
|
Alternative investments |
5,384,718 |
3,336,020 |
|
Liquid assets |
2,205,135 |
2,611,356 |
|
Unlisted investments |
5,487 |
5,487 |
|
|
42,508,770 |
41,464,466 |
| Name of |
Registered |
Nature of |
Class of |
% Held |
| undertaking |
office |
business |
shares held |
directly |
| Films& Equipments Limited |
UK |
Non-trading |
Ordinary |
100.00 |
| Name of undertaking |
Profit/Loss |
Capital and Reserves |
|
|
£ |
| Films& Equipments Limited |
|
5,487 |
|
|
|
2022 |
|
|
|
£ |
|
Cost |
|
|
|
As at01.04.21 |
|
|
|
Additions |
|
419 |
|
As at31.03.22 |
|
419 |
|
Depreciation |
|
|
|
As at01.04.21 |
|
|
|
Chargefortheyear |
|
105 |
|
As at31.03.22 |
|
105 |
|
Netbookvalue |
|
|
|
As at01.04.21 |
|
|
|
As at31.03.22 |
|
314 |
| 10 |
Debtors |
|
|
|
|
2022 |
2021 |
|
Amounts falling due within one year: |
£ |
£ |
|
Amounts duefromsubsidiaryundertakings |
86,747 |
96,019 |
|
Amounts duefromrelated undertakings |
|
873,497 |
|
Otherdebtors |
|
489,277 |
|
Prepayments and accrued income |
37,255 |
45,873 |
|
|
124,002 |
1,504,666 |
|
|
2022 |
2021 |
|
|
£ |
£ |
|
Other tax and social security |
1,622 |
|
|
Accruals and deferred income |
10,066 |
11,340 |
|
|
11,688 |
11,340 |
| 12 |
Analysis of net assets between funds |
|
|
|
Unrestricted |
Endowment |
Total |
|
funds |
funds |
|
|
£ |
£ |
£ |
| Fund balances at 31 March 2022 are represented by: |
|
|
|
| Investments |
17,514,159 |
24,994,611 |
42,508,770 |
| Fixed Assets |
314 |
|
314 |
| Current assets/(liabilities) |
1,282,263 |
|
1,282,263 |
|
18,796,736 |
24,994,611 |
43,791,347 |
| Fund balances at 31 March 2021 are represented by: |
|
|
|
| Investments |
16,994,441 |
24,470,025 |
41,464,466 |
| Current assets/(liabilities) |
1,614,233 |
|
1,614,233 |
|
18,608,674 |
24,470,025 |
43,078,699 |
|
|
|
|
|
**Movement in ** |
funds |
|
|
|
|
Balance |
Incoming |
Resources |
Revaluations |
Balance |
|
|
01 April 2021 |
|
resources |
expended |
gains and losses |
31March 2022 |
|
|
|
£ |
£ |
£ |
£ |
£ |
| Endowment |
funds |
|
24,470,025 |
|
|
524,586 |
24,994,611 |
| Unrestricted |
fund |
|
18,608,674 |
1,317,743 |
(1,494,223) |
364,542 |
18,796,736 |
|
|
|
43,078,699 |
1,317,743 |
(1,494,223) |
889,128 |
43,791,347 |
|
|
|
|
|
**Movement in ** |
funds |
|
|
|
|
|
Incoming |
Resources |
Revaluations |
Balance |
|
|
|
|
resources |
expended |
gains and losses |
31 March 2021 |
|
|
|
|
£ |
£ |
£ |
£ |
| Endowment |
funds |
|
|
36,538,134 |
|
(12,068,109) |
24,470,025 |
| Unrestricted |
fund |
|
|
23,666,900 |
(11,340) |
(5,046,886) |
18,608,674 |
|
|
|
|
60,205,034 |
(11,340) |
(17,114,995) |
43,078,699 |
|
2022 |
2021 |
|
£ |
£ |
| Surplus forthe period |
712,648 |
43,078,699 |
| Adjustments for: |
|
|
| Investment income recognised in statement offinancial activities |
(1,317,742) |
(17,579,198) |
| Fairvalue (gains) and losses on investments |
(889,128) |
17,114,995 |
| Depreciation |
105 |
|
| Movements in working capital: |
|
|
| Decrease/(Increase) in debtors |
1,380,664 |
(1,504,666) |
| Increase in creditors |
348 |
11,340 |
| Cashgenerated(used in)/fromoperations |
(113,105) |
41,121,170 |
| DISASTER RELIEF |
|
| British Red Cross-UkraineCrisis Appeal |
100,000 |
| DEC-Afghanistan Crisis Appeal |
25,000 |
| DEC-CoronavirusAppeal |
50,000 |
| International Rescue Committee-Afghanistan CrisisAppeal |
10,000 |
|
185,000 |
|
£ |
| TERM FUNDING |
|
| Bowel Cancer UK |
25,000 |
| Cathedral Archer Project |
25,000 |
| CellarTrust |
25,000 |
| CherryTrees |
10,000 |
| Children and FamiliesAcross Borders |
25,000 |
| Deafblind UK |
25,000 |
| Future Frontiers |
25,000 |
| HOPE International DevelopmentAgency |
15,000 |
| Tempus Novo |
25,000 |
| Time andTalentsAssociation |
25,000 |
| World Bicycle ReliefUK |
25,000 |
|
250,000 |
|
£ |
| THEME OF THE YEAR |
|
| Eggcup |
40,000 |
| Emmeline's Pantry |
28,000 |
| FaithworksWessex |
40,000 |
| FEASTWith Us |
22,241 |
| Feedthe Minds |
30,173 |
| ForRefugees |
40,000 |
| GroundworkSouth |
39,200 |
| MustardTree |
40,000 |
| North Bristol Advice Centre |
20,000 |
| PracticalToolsInitiative |
25,000 |
| Providence Row |
40,000 |
| Re-Cycle |
14,000 |
| RenewableWorld |
25,000 |
| SOFEA |
40,000 |
| StCuthbert'sCentre |
37,000 |
| Trowbridge Future |
10,352 |
| Up 'N Away |
20,000 |
| Young and Inspired |
40,000 |
| YoungWomen'sTrust |
30,000 |
| ZS.V.Trust |
20,000 |
|
600,966 |
|
£ |
| SMALLER GRANTS |
|
| Acacia FamilySupport |
5,000 |
| Adoption UK Charity |
5,000 |
| Agents ofChange Ltd |
10,000 |
| Ashanti Development |
5,000 |
| AutismAngels Ltd |
5,000 |
| SMALLER GRANTS (Continued) |
|
| Bacie-UpTrust |
5,000 |
| Basingstoke and Alton CardiacRehabilitation Charity |
5,000 |
| Blooming BlossomsTrust |
5,000 |
| British Stammering Association |
5,000 |
| BritishTinnitusAssociation |
5,000 |
| Bromleyand CroydonWomen's Aid |
5,000 |
| Bryncynon Community Revival Strategy |
5,000 |
| Change Foundation |
5,000 |
| Changing Faces |
5,000 |
| Connect: North Korea |
5,000 |
| Church Pastoral Aid Society |
5,000 |
| CongoleseAssociation ofMerseyside |
5,000 |
| CrescentSupportGroup |
5,000 |
| Drama Expressions |
5,000 |
| Ella's Home |
5,000 |
| Harrogate and District CommunityAction |
5,000 |
| HeadwayDarlington and District |
5,000 |
| Headway EastLondon |
5,000 |
| HeartforAfrica |
5,000 |
| Housingthe HomelessCentral Fund |
5,000 |
| ICARE DayCentreTrustLtd |
5,000 |
| JustKidding |
5,000 |
| KivuliTrust |
5,000 |
| LatinAmerican Foundationforthe Future |
2,500 |
| Liverpool Cares |
5,000 |
| MacularSociety |
5,000 |
| MAIN -TakingAutism Personally |
5,000 |
| MarafikiTrust |
5,000 |
| MeseretForWomen |
6,000 |
| MobilityTrust |
5,000 |
| Muscular DystrophySupportCentre |
5,000 |
| MuscularDystrophyUK |
5,000 |
|
£ |
| SMALLER GRANTS (Continued) |
|
| National Axial Spondyloarthritis Society |
5,000 |
| National Back Pain Association |
5,000 |
| NormandyCommunityTherapyGarden |
5,000 |
| North Kensington LawCentre |
5,000 |
| Nudeo Project |
5,000 |
| OurSpecial Friends |
5,000 |
| PeerTalkCharitable Foundation |
5,000 |
| Pregnancy CrisisCare (Plymouth & SE Cornwall) |
5,000 |
| Prevent2 Protect |
5,000 |
| Prisoners' Advice Service |
5,000 |
| Providence Row |
5,000 |
| Reach Volunteering |
5,000 |
| Reading List Foundation |
5,000 |
| Re-engage |
5,000 |
| Richard House Children's Hospice |
5,000 |
| Royal OsteoporosisSociety |
5,000 |
| Separated Child Foundation |
5,000 |
| Shift.ms |
5,000 |
| Sixty-One |
5,000 |
| Springboard Opportunity Group |
5,000 |
| StKentigern Hospice |
5,000 |
| St.Michael's Hospice North Hampshire |
1,300 |
| Strongmen Charitable Incorporated Organisation |
5,000 |
| SunnyDays Children's Fund |
5,000 |
| TheirVoice |
5,000 |
| Turning Corners |
4,500 |
| Turning PointTrust |
5,000 |
| UniteCarersin Mid Devon |
5,000 |
| Wetherbyin Supportofthe Elderly |
4,000 |
| Youth PWRCharity |
5,000 |
| Zambia OrphansAid UK |
5,000 |
| Zarach |
5,000 |
|
343,300 |