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|Trustees||Mr PJCronin|Mr PJCronin||(Appointed|21|December|
|---|---|---|---|---|---|---|---|
||||||2020)|||
|||Mrs AJ Cronin|||(Appointed|21|December|
||||||2020)|||
|||Mr Michael|Moran||(Appointed|21|December|
||||||2020)|||
|||G M Purvis|||(Appointed|21|December|
||||||2020)|||
|||Suzanne Kennedy|||(Appointed|21|December|
||||||2020)|||
|||Mr Michael|Cronin||(Appointed|21|December|
||||||2020)|||
|||Mr Robert|Cronin||(Appointed|21|December|
||||||2020)|||
|||Mr James|Cronin||(Appointed|21|December|
||||||2020)|||
|||Sophie Cronin|||(Appointed|21|December|
||||||2020)|||
|Charity number||1192886||||||
|Registered offic||Fernwood|House|||||
|||Fernwood|Road|||||
|||Jesmond||||||
|||Newcastle|upon Tyne|||||
|||United Kingdom||||||
|||NE2 1TJ||||||
|Auditor||Mitchells Grievson||Ltd||||
|||3Kensington<br>House||||||
|||Bishop Auckland||||||
|||Co Duham||||||
|||DL146HX||||||
|Bankersfinvestment|managers|Barclays Bank pic||||||
|||1 Churchill|Place|||||
|||Canary Wharf||||||
|||London||||||
|||E145HP||||||





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|||Page|
|---|---|---|
|Trustees'<br>report||t-3|
|Independent<br>auditor's|report|4-6|
|Statement offinancial|activities||
|Balance sheet|||
|Statement<br>ofcash ftows|||
|Notes to the financial|statements|10-16|





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|The trustees who served during|the year and up tothe date ofsignature<br>ofthe financial statements|the year and up tothe date ofsignature<br>ofthe financial statements|were:|
|---|---|---|---|
|Mr PJCronin|(Appointed|21 December 2020)||
|Mrs AJ Cronin|(Appointed|21 December 2020)||
|Mr Michael Moran|(Appointed|21 December 2020)||
|G M Punils|(Appointed|21 December 2020)||
|Suzanne<br>Kennedy|(Appointed|21 December 2020)||
|Mr Michael Cronin|(Appointed|21 December 2020)||
|Mr Robert Cronin|(Appointed|21 December 2020)||
|Mr James Cronin|(Appointed|21 December 2020)||
|Sophie Cronin|(Appointed|21 December 2020)||





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|||||Unrestricted|
|---|---|---|---|---|
|||||funds|
|||||2021|
||||Notes|8|
|illme from:|||||
|Donations and|legacies||2|12,000,000|
|investments|||3|21,758|
|Total Income||||12,021,756|
|Raising funds|||4|17,750|
|Charitable<br>activities|||6|803,300|
|Total expenditure||||821,050|
|Net gains/(losses)||on investments|10|512,939|
|Net movement|in|funds||11,713,645|
|Fund balances|at 21 December 2020||||
|Fund balances|at|31 December 2021||11,713,645|





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||||2021|
|---|---|---|---|
|||Notes||
|Fixed assets||||
|Investments|||11,525,399|
|Current assets||||
|Cash at bank and in|hand||800,421|
|Creditors: amounts|falling due within one year|13|(612,175)|
|Net current assets|||188,248|
|Total assets less current liabilities|||'i1,713,645|
|Income funds||||
|Unrestricted<br>funds|||11,713,645|
||||11,713.645|





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||||||2021|
|---|---|---|---|---|---|
|||||Notes|6|
|Cash flows from operating||activities||||
|Cash generated<br>from/(absorbed<br>by) operations||||16|11,791,125|
|investing|activities|||||
|Purchase|ofinvestments||||(12,176,742)|
|Proceeds|from disposal of|investments|||1,164,282|
|Investment|income received||||21,756|
|Net cash|used in investing|activities|||(10,990,704)|
|Net cash|used in financing|activities||||
|Net increase<br>in cash and cash equivalents|||||800,421|
|Cash and|cash equivalents|at beginning|ofyear|||
|Cash and|cash equivalents|at end of|year||800,421|





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|||||Unrestricted|
|---|---|---|---|---|
|||||funds|
|||||2021|
||Donations|and|gifts|12,000,000|
|3|Investments||||



||||Unrestricted|
|---|---|---|---|
||||funds|
||||2021|
|Income|from listed investments||16,871|
|Income|from corporate|and other bonds|4,445|
|Interest|receivable||440|
||||21,755|





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|4|Raising funds|Raising funds||||
|---|---|---|---|---|---|
||||||Unrestricted|
||||||funds|
||||||2021|
||||||6|
||Investment|management||costs|17,750|
||||||17,750|
|6|Charitable|activities||||
||||||Grant giving|
||||||2021|
||Grant funding ofactivities|||(see note 6)|800,000|
||Share ofgovernance||costs (see note 7)||3,300|
||||||803,300|
|6|Grants payable|||||
||||||Grant giving|
||||||2021|
||Grants to|institutions:||||
||Foundation|of Light|||800,000|





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|Support c|osts||||
|---|---|---|---|---|
|||Support|Governance|2021|
|||costs|costs||
|||E|E|E|
|Audit fees|||3,300|3,300|
||||3,300|3,300|
|Analysed|between||||
|Charitable|activities||3,300|3,300|



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|||Unrestricted|
|---|---|---|
|||funds|
|||2021f|
|Revaluation|ofinvestments|512,939|





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|11|Fixed asset Investments|Fixed asset Investments|Fixed asset Investments|||||||(Continued)|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||Listed|
|||||||||||investments|
|||||||||||8|
||Cost orvaluation||||||||||
||At 21 December 2020||||||||||
||Additions|||||||||12,176,742|
||Valuation<br>changes|||||||||512,939|
||Disposals|||||||||(1,164,282)|
||At 31 December 2021|||||||||11,525,399|
||Carrying<br>amount||||||||||
||At 31 December 2021|||||||||11,525,399|
|||||||||||2021|
|||||||||||8|
||Investments<br>at fair value||comprise:||||||||
||Cash and short maturity||bonds|||||||348,660|
||Developed<br>government||bonds|||||||421,484|
||investment<br>grade bonds|||||||||348,347|
||Developed<br>market equities|||||||||8,253,768|
||Emerging<br>market equities|||||||||1,298,431|
||Commodities|||||||||340,030|
||Real estate|||||||||412,029|
||Alternative<br>trading strategies|||||||||102,650|
|||||||||||11,525,399|
||Listed investments<br>included|||above:||||||2021|
|||||||||||8|
||Listed investments<br>carrying|||amount||||||11,525,399|
||Fixed asset investments|||revalued|||||||
||Fixed asset investments,||which||represent|investments||held|in an mixed investment|portfolio are revalued<br>at|
||each period end in accordance||||with our accounting||policy.||||
|12|Financial<br>instruments|||||||||2021|
|||||||||||8|
||Carrying<br>amount offinancial||||assets||||||
||Instruments<br>measured|at fair value through||||profit or|loss|||11,525,399|





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