Charfty number: 207173
THE TALISMAN CHARITABLE TRUST
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2021

THE TAUSMAN CHARITABLE TRUST
COKTENTS
Page
Rèference and admlnistsatlve details of thfr Charity. Its Tn￿tee$ and advlsers
Trustees. rnport
Indep￿dent gxamlnefs report
ststgment of financlal acllvltlgs
Balance sh•6t
Notes to th• financlal stat•m•nts
10-18

THE TALISMAN CHARITABLE TRUST
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRVSTEES AND AOVISERS
FOR THE YEAR ENDED 5 APRIL 2021
Truste
P R Demwn, Chief Executive
Dr F M-C Denman
NJWCaine
Charlty Teglst•Ted
numb•r
207173
Prlnclpal office
L¢yweT Ground Fk
354 KennIngt￿ Road
London
SEII 4LD
Indepondgnt Examlner M Hewett ACA DC
Peters E￿orthY & Mooie
Chartered Accountants
Salisbury House
ststion Road
Cambridge
CB12LA
Banker
Natwesl
23 Mad%et Street
Cambridge
CB2 3PU
Soll¢itors
Wilhers
16 Old Bailey
LorKlon
EC4M 7EG
Investment Managern Quilter Chevw)t Lanite(I
1 Undershaft
London
EC3A 8BB
Page 1

THE TALISMAN CHARITABLE TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 5 APRIL 2021
The Trustees present their annual report togethervMlh the financial statements of The Talisman Charitable Trust
for the year ended 5 April 2021. The Trustees conffinn that the Annual Report and financial ststemenls of the
Charity compty wilh the current statutory requirements. the requirements of the Charitls goveming document
and the provi￿OnS of the Statement of Recommended Pr￿t￿8 (SORP), applicable to ¢haritie5 preparing their
accounts in accordance with the Finaticial Rewtrng Standar(l applicable in the UK and Republic of Ireland IFRS
1021 {s&cond edition of the Charrties SORP IFRS102) Odober 2019, effective 1 January 2019).
OBJECTIVES AND ACTIVITIES FOR THE PUBUC BENEFIT
a. Pollcles and objectlvgs
Th& Twstees have regard to the lem)s of the Trust Deed and the wishes of the Settbr ènd the amending
s¢heme made in August 20CQ. Accordingly the c4.ects of the Charity are to assist..
a} IndivKluals of small means wh)m they Gonsider to be deserying and may be described as"going shorf; and
b) oth￿ ¢harit¢es with similar objects.
In general, the Twstees have set the main aims of the ChaTty as assisting indiwduals of sm811 means and
charrtable organisattons Wbth the needs of or in the relief of poverty. education, heahh. housing. and disablement
or disability.
The objectives for the year are shaped by these a#ns with a to distributing the Cha￿￿3 inc￿8 in full after
expenses Ilaking on¢ year with another). The Trustees may, in certain circumstan￿, consider ¢t prudent to
dislribule the income received over a bnger petiod. cArcumstances mwht incIL￿￿e the feceipt of an
exceptionalty laige ¢ompany dmdend, whith the Tnkstees may prefer to distribule over a number of years in
order to manage better the distribution of to their beneftiarie5.
b. Publlc benefit
The Trustees ¢onfimi that they have referred to the Charity Commission's guidance on Public Benefit when
reviewing the Charivs ains and objectives. ￿nn1ry future aclivitses and setting the grant makiro policy for
the year.
e. Grant maklng pollo1
ApplTcations for grants are consrdered from both {r￿1vidUalS and organisations whether made directly or
supported in vrriling by an organisalion or a s(Kial workw. The Trustees may make grants lo organisalions with
similar aims.
Details of how to apply for grants and the infoThrAtw)n required are available from the Chief Executwe.
d. Investment pollcy
The Trusteès make all investment decisions after full e4)nsuliation with. and approval from. their investment
advisers who are instructed to invest in a portfolio to obtain an income SLrficienl lo meet the Charit¥s grant
making o*ectsv8s whilst ensuring the Chartys bng tem) security (taken in Tts widest sense arKI including. for
example, protection against inflation).
The TnJstee$ may puthse any Investm￿ andlor property a5 they. in their absolute discretion. think fft.
Page 2

THE TAUSMAN CHARrrABLE TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2021
ACHIEVEMENTS AND PERFORMANCE
a. Grant maklng perfomianc•
During the year 1.11612020: 1,1991 appfutwjns f￿ assiStar￿e were recewed and the Trustees made net grants
lotalling £153.S1012020.. £192.5331 to 235 indniKlv4s 2 thantable organksalion (2020.. 217 individua15 and 1
charitable organisation).
Total grants made repfesent 74%12020.' 118%} of inc(xning resources administration costs.
At the year end no cOnting￿t grants were OutstandW￿ {2020: niD.
b. Investment perforniance
When setting investrnent Ferformance ¢)bjectives in relatN)n to quoted irwast￿￿nts. the Tnjstees use total Tetum
as the basis of investrnenl performance and compare aL*ual performance with a benchmark by taking an
average of the FTSE All Share Index and the FTSE World ex UK Irbdex. Folb)wing con5ullalion wfth their
investment advisers, the Trustees set a target rate of relum for the year of 50A. The investment retum for 2021
was an increase of 47.8%12020.. decrease of 11.2%) and (a)mpares with an in¢rease in Ihe benchmark of 40.2%
{2020.. decrease of 16.7%).
FINANCIAL REVIEW
. Revlew
Totsl income during Ihe year wa5 £234,716 {2020.' £223.681) and after taking into account payment of grants to
beneficrarles of £153.510 12020: £192.5331, investmenl management costs of £6,00012020.. £6.000), support
costs of £12,803 {2020.. £46,174). govemance costs of £9.001 12020: £8,803) and net gains on investments of
£6,462.829 12020.. net losses of £1,979.771), there was net income of £6,516.231 12020: net expenditure of
£2,009,100}.
The market value of quote(l invest￿ts at the year end was £19.483,523 (2020.. £12,942.1461.
As rep¢)rted in the awounts for the year ended 5 April 2020. during sto￿$ of January and February 2020.
damage was caused to part of the roof at the rear of the ChaTtys property. An initial estimate of £500 had been
obtained for the repair but rt wasny until after 5 April 2020 that the builders We￿ able to start work and it became
apparent that the damage was substsntiaty wotse than first thought and that the whose of the roof needed
replacing. A prowsion for the estimated cost of £15,01)O was made in the accounts for the year ended 5 April
2020. The repair was completed duriny the ￿al ended 5 2021 at a cost of £13.971 and the ovetPTovision
of £1.029 has been added to income reserves.
Page 3

THE TAUSMAN CHARITABLE TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2021
b. Reser¥es pollcy
The Charity is relianl on ￿me fr(th its inVeskne￿s.
Taking one year wth another. the Trustees. inlerikn is to di%tnbute the Charitys income in full aftèr expenses.
The Trustees consider it pnjdenl to maittsin a target levd of fvee reseNes in unrestricted funds, which is no
lower than 10% and no greater than 80% of the t¢Xai nel income. pri¢x to deducling costs relating to ¢halllable
adivities, as shThYn in the Statement of Finanoai ActNities of the preceding yearfs annual accounts. The
Trustees consider that this level wll provide suffiuent lund5 to respwl to applications for grants and to cover the
Charitys expenses.
The Trustees may, in certain Ufcumstances. &￿SIder it pnthnt to dh8tribule the inc(￿ne received over o longer
peritsj. Such circums1an￿ might include the r￿lpt of an exceptionally large company d%vsdend, which the
Trustees may prefer to distr15ule over a number of yew5 in order to manage better the distr*>ul￿n of income to
their beneficiaries.
The actuallovel of free reserves lexdudw investmen18} at 5 April 2021 was £119,92412020: £66,522) which
falls wlhin the TnJ$lees' specthed parameters for 2020r2021 of £16,320 and £130.563.
The Reserves Policy is conslstent with the Twstees, long temi se¢uritK approach to investing, its grant ma(ing
policy. and wrth the duty to appty the income of the charity within a reasonable tKne. In addition, it allows for any
variation in div4der￿ receipts over the year.
¢. PLANS FOR FimJRE PERIODS AND COV1[￿19
The TTUStees consider that Cw&19 p*mic vnll cause an increase in the number and urgeney of
applications for assistsno as the outbreak exacerbates and drives more into hardship. The Trustees will
continue to respond to these applications but ajditionaty consider hxal Cowd-19 appeals. The Trustees
consider that the detrimental effect t)n the UK ecortcrfny and Ihe very substantial increas8 in Govemment debt
will lead to even grealer need in fvture years. The Trustees will monitor the sf(uation as ti evolves and act
accordingly.
The Trustees are 81s0 awdre tha( for a pericrtl. the pandemic will affect the level of dividends that companies
pay. and in lum. this will impact on the divtrjend income receivable by the Trust. In this regard. the TnJslees
have taken the ad￿ce of their inve5tmenl thsers have recommended that the TTYSt's anticipated incomè
for the year ended 5 April 2022 shoukl be in the regK>n of £226.000.
Thu8, whilst maintaining the above slated c4"ectives and &tMtk8s. it is antiapated that the TNstees wll have
approximately £240,OLKJ available for charitable grant making for the year to 5 April 2022. This represents 96Dkn ot
available reseNes arKI ankn"opated nei inrM* ieceip15 for the year to 5 Apiil 2022.
The Trustees wll closely monrtor the rKeipt of dwKlend income during the yèar under and may increase
or decrease the level of gTanl making accordingty.
d. GOING CONCERN AND Cov1￿19
The Trustees have reviewed the financtal FQSition of lh8 Charity. induding the potential impact of Covid-19. and
have a reasonable expectation that the Charity has adequate resources to continue in operational existen￿ for
the for8seeable fvIu￿. Accordingly, the financial statement5 continue lo be prepared on Ihg going concem basis.
Page 4

THE TAUSMAN CHARITABLE TrUST
TRUSTEES. REPORT ICONTINUED)
FOR THE YEAR ENDED 5 APRIL 2021
STRUCTURE. GOVERNANCE AND IJIANAGEMENT
. Constitution
The Charity is an unincoTporated In￿t. constituted undw a trust deed dated 4 August 1936 and a scheme made
by the Charty Commissioner daled 22 August 2000 and is a registered charity. number 207173. The Charity
was establishgd by an initial grft from Baron Frederic Awred d'Erfanger in 1936. The Charity does not actively
fundraise ar￿ seeks to continue its work through the C8Tefvl stertardship of its e￿$tIng resources.
b. Methods of appolntment or election of Tr￿lee$
There is an annual re-evaluation of Trustees wtt￿ seNe until such time as Ihey resoon. The Board of Trustees
appoints new TrLfrStees and the Ind￿tK)n pr¢)cess for any appointed Trustee comprises meeting with the
Board arKI Chief ExecutNe who eyplain the Charl￿8 polws conceming investmenls, grant making and the
p¢)wers and responsibilities of the Tnjstees.
The Trust Deed does nol pn)vide for the appointment of a minimum or maximum number of Trustees. However,
the present Twstees, policy is Ihat there shoutd never be less than ljvo or more than fNe Tnjstees.
All Trustees are regularty prowded with relevant n￿￿letter$ and tethnical subscriptions and are notffiod of
hanges in goveman¢e published on the Charity Commissk)n's website uthi¢h they are encouiaged to visit.
The Trustees meet quarterty and agree the bro•J stratwy and areas of actmty for the Charity, including
¢¢￿S1deratiOn of grant making. investmenL reserves and rÉsk management policies and perfom8nce.
c. Organlsational stTUCtuTe and decision4naking pollcles
The day to day administration of grants and the prc¢e55ing at)d handling of appfications prioi lo consideration by
the Trustees is deleg*ed to the Chief ExeeutNe. The Chièf Executive provides his time and expertise on a
voluntary basis and deals with all day to day matters, except for investment management advice and
prcrfes5I0n￿ fees which are oulsouTced. The Chief Executive monitors inf0m￿tiOn relating to grants and makes
recommendations lo the Board of Trustees who make all deCisic￿$.
The Trustees operate a Privacy Polw. the ful detai15 of whKh can be accessed at vM¥.talismancharrty.ory.
There were no eM￿oYeeS in the current or pl￿eding year.
Page S

THE TAUSIAAN CHARITABLE TRUST
TRVSTEES. REPORT {COPfflNUED
FOR THE YEAR ENDED S APRIL 2021
STATEMENT OF TRUSTEES. RESPONSIBILMES
The Truslfjes are Trsponsible for prepafing the TNsle&8' report and the financial statements in aeeordance with
applicable and United Kingdom A￿nI]ng Standards (United Kingdom Generally Accepted Accounting
Practi￿}.
The law applicable to charities in Eng18nd & Wales requires the Trustees to prepare fina￿￿1 statements for
each financial year which 9T￿* a Irue and fair vivw of the state of affairs of the Chanty and of its incoming
resources and applic8tK)n of resources, I￿lUdIr￿j its income and expenditure. for that pericrfj. In preparing these
fina￿181 slalements. the Trustees are reqillred to..
select suitable ￿)UntIng policies and then appty them consistenty.
observe the Meth￿￿$ and princi)les of the Charities SORP {FRS 102)".
make judgements and wjunling estimates thal are reasonable and prudent",
slate whether applicable UK Accounting Standards IFRS 102) have been folbwed, 5uty.ect lo any material
departures disclosed and explained in fmancial sL*ments;
prepare the financ¢al statements on the 9¢￿n9 Co￿eM basis unless it is inappropriate to presume that the
Chwsty wll continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to sttow and explain
the Charitys transacti￿5 and disclose vrith reasonth accuracy at any time the financial position of the Chanty
and enable them lo ensure that the financial statements compty wilh the Charities Act 2011, the Charity
(Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for
safeguarding the a$5e15 of the Charity and hence foi taking reasonable steps for the prevention and detection of
frau¢J and other irT9gularities.
Approved b rder of the members of the board ofTwstees and s#Jned on their behalf by.
F> R Denman
Tfustèe. S
retary and Chief Exetyjtive
Page 6

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THE TAUSMAN CHARrrABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED S APRIL 2021
Unrestrl¢tod
funds
2021
Totsl
fund$
2021
Total
funds
2020
INCOME FROM:
Investments
234.716
234,716
223.681
234.716
234.716
223,681
TOTAL INCOME
EXPENDITURE ON:
Raising funds
Charitable activittes
6.000
175.314
6,000
247.010
175.314
181.314
181.314
253.010
TOTAL EXPENDITURE
NET INCOMEIIEXPENDITUREI BEFORE NEr
GAINSI(LOSSESI ON INVESTMENTS
53.402
129,3291
{1.979,771}
Net gainslllosses) on investments
6.462,829
6.462.829
6,516.231
6,516,231
{2,009,1001
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS:
Total fur¥Js brought fO￿ard
Net movemerst in funds
14.534,749
6.516.231
14.534,749
6.516,231
16,543,849
12.CK19,11)0)
21,050.980
21.050,980
14,534,749
TOTAL FUNDS CARRIED FORWARD
All incom8, expenditLFre and funds in the curr￿tt and previous year aro unrestricted.
The notes on pages 10 to 18 fom part ofthese finanual stalements.
Page 8

THE TAUSMAN CHARrrA8LE TRUST
BALANCE SHEET
AS AT S APRIL 2021
2021
2020
FIXED ASSETS
Tangbi le assets
Investments
415,095
20.S15.961
415.095
14.053.132
20,931,056
14.488,227
CURREiif ASSETS
Debtors
Cash at bank and in hand
40.315
55,481
90.314
134.893
95.796
Creditors.. an￿Unts falling due within one
(14.9691
114,274}
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
UABIUTIES
119.924
81.522
21.050,980
14.549,749
ProvisNJns for li8bilitie5
10
115.0001
TOTAL NET ASSETS
21,050.980
14.534.749
CHARITY FUNDS
Unrestricted funds
21.050,980
14,534.749
TOTAL FUNDS
21,1)50,980
14.534.749
The financial statements were approved and authorised for issue by the TTUStees and signed on their behall by..
P R Denman
Trustee. Chief Executive
Dr F ￿ Denman
Trustee
The notes on pages 10 10 18 f¢)m part of these financial statements.
Page 9

THE TAUSIAAN CHARITABLE TRUST
MOTES TO THE HNANCIAL STATEklENTS
FOR THE YEAR ENDED 5 APRIL 2021
AccouKfiNG POUCIES
1.1 BASIS OF PREPARATION OF FINANCIAL STATEhlENTS
The financial statements have been prepared to gNe a 'true and fail and have departed from
the Charities (Accounts and Reports) ReguLgt*)ns 2008 onty lo the extenl required to provide a Yrue
and fairf wew. This departure has invofved folloving the Charities SORP IFRS 1021 se¢ond edition
effectNe January 2019 father than the Accountwig and Reporting by cha1￿1e8'. Ststement of
Reconfftnded PradKe effective from 1 April 2005 which has sinee been withdrawn.
The financial statements have been prepared under the historical cost convention with items
rewgnised at cost or transactjon value un￿$ otheThvise stated in the relevant notes to these
a￿ountS. The financi￿ statements have been prepared in aetordance wth the Ststement of
Recommended Pradi¢e: Accounting and Reporttng by Charit￿5 preparing their accounts in
accordonce with the Fina￿al Reporting Standard applicable in the UK and Republic of Ireland {FRS
102) (second edition of the Chanties SORP {FRS1021 October 2019, effectNe 1 January 2019) and
Financial Reporbng StarKlard applieable in the United Kingdom and Republ￿ of Ireland IFRS 1021
and the Charibes Act 2011.
The T81isman Charitable Twst constitutes a public benefft entity as defined by FRS 102.
There were no significanl estimates or jL*ments m* by management in preparing these
finan￿al statements. exeept the vduakn of inVeStn￿ a$ calculated by Quiler cheV￿t Limited.
12 GOING CONCERN
The Trustees have reVI￿d the finan&al posith)n of the Charity. Ir￿UdIng the potential impact of
Cowd-19. and have a reasonable expectation Ihat the Charity has adequate resources to continue in
operational existence for the foreseeable future. Accordingty. the financial statements continue to be
prepared on the going conwn basis.
1.3 FUND ACCOUNTING
General funds are unrestrtded funds vthi¢h are available for use at the discretion of the Trustees i
lurtherance of the gener31 objectives ol the Charty and whth have not been designated for other
purposes.
1A 114COME RECOGNITK)N
NJI income is T9￿gnIsed once the Charity has entit￿ment to the income, it is probable that the
income will be received and the am(yJnt of inccyne ￿e1va￿e Can be measured reliably.
Income from funds held on deposil 1$ induded when Teceivable and the afflount can be measured
reliabty by the charity.. thi$ is normaNy upon rK>tification of the Inte￿St paid or payable by the ban
The payment of reportable overseas in¢crt7w can be subject to delays of LEP lo 12 months and
therefore the Charity may not have been thised about this income before the signirig of the
accounts. FCK this reason reporta)te oversea5 inDJm ￿ recognised when receiv8d.
DkvKlends are recognised once the dNidend has been declared and notiftslion has been r￿1Ved of
the diwdend due. Ex divKlends that have been [￿lIf￿ to the charity but not yet receNed by 5 April
8re induded as debtors.
P8g810

THE TAUSMAN CHARrrABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2021
ACCOUNllNG POUCIES ICONTINVEDI
1.5 EXPENDITURE RECOGNMON
Expenditure is accounted for on an accru* basis arKI has been included under expense categories
that aggregate all ￿StS for aflrxation to activibe$. Where costs cannot be diredly attributed to
paiticular adr¥itips have been alkx*d on a basis consistent with the use of the resources.
Costs of raising fvrKls consist of rnanag￿t fees charged by Quirter Cheviot Linited.
ChaTitable xtivities vKIL￿e grants payable and suppth costs induding governance costs.
Grants payable are charged in the year when the offer is m•Je except in those cases where thg offer
is conditional, such grants being re¢ogniseil as expenditure when the condition5 3tta¢hing afe
fvffilled. Grants offered subject to conditions wtt￿h have not been met at the year end aTe noted as a
commttment. but not aecrLted as expenditure.
Support costs have been allocated belween govemanca and other support costs. Govemance costs
comprise all costs involving the public atxountabiltiy of the charity and its compliance with regu5ation
and good practice. These costs indude costs relating to the Independent Examination and legal fees.
Additions to office equiprrffjnt are accounbj for written off in the year of purchase.
l Tesources expended are inclusNe of irrecfjve￿ VAT.
1.6 GAINS AND LOSSES
AU gains and k)sses are t&ken to the Stat￿ent of Financial ActNities as they arise. Realised gains
gmd losses on investments are calcvlaled 88 the difference betbveen sales proceeds and their
ening carrying value or purchase date rf acquired subsequent to the fitst day of the financial year.
Unrealised gains and losses are cakulated as the drfference beh¥een the fair value at the year end
and their c8rrying value. Re81ised and unrealised 9affts and bsses are combined in the Statement of
Financial Activf¢ies.
1.7 TANGIBLE FIXED ASSEfs AND DEPRECIATION
Freehold propety is stated at cost. No depwiaknn has been charged because the Trustee8
estimate thal tho resKlual v￿ue of the property is * least equal lo the cost included wrthin these
financial ststwnents.
Part of the property is let a long and short temi kase. how8ver the costs attributable to this portion
cannot be accur*ety delem)ined and so al ofthe cost is included as a tangible fixed asset.
Page11

THE TAUSMAN CHARrrABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2021
ACCOUNTING POUCIES (cop¥nNUED}
1.8 INVESTMENTS
Fixed asset investrnents a￿ a form of financial instrument and a￿ initialty recognised al their
transaction cost and SLtbsequenlty ffwsured al fair value al the Bala￿e Sheet dale, ynless faK value
cannot be measured reliaUy in which case it 15 n￿ured at cost less Irr￿aIrMefil
1.9 DEBTORS
Trade and other debtors are recognised at the Sgttlement amount afier any trade discount offered.
Prepayments are valued at the amount prepamj net of any trade discounts due.
1.10 CASH AT BANK AND IN HAND
Cash at bank and in hand indudes cash and sl)0rt4erm hyhly Imiuid investments vith a short maturity
of three months or less from the date ol wuisition or opening of the deposit or similar account.
1.11 CREDITORS
Creditors aThJ provisions are recognised wthere the charity has a present obligation Tesuiting from a
past event that will probabty result in the transfer of fijnds to 8 third party and the amount due lo
Settle the obligalion can be measured or estim*ed reliab￿. Creditors and prowsions are rtormalty
reccKJnised at their setuement amount after alknving fw any trade discounts due.
1.12 FINANCIAL INSTRUMENTS
The Charity onty has financial assets and financial lthilities of a kind that as basie finanual
instruments. Basic financial instruments are initialty Tecogrbised at transadion cost and Subsequently
measured at f￿"r Wdlue al the Balance Sheet date. Un￿$$ fair value cannot be measured reliabty in
which case it is measured at cost les8 impairmenL
INVESTMENT INCOME
Unrestrlcted
funds
2021
Total
funds
2021
Total
fvnds
2020
I￿orne from property
UK investment funds
Overseas 30tsrces
Inter8st on cash deposits
370
226,037
8.309
370
226.037
8.309
370
220,014
1,842
1,455
234,716
234.716
223.681
TOTAL 2020
223.681
223.681
P4e 12

THE TAUSMAN CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2021
INVESTMENT MANAGEMENT COSTS
Unrestrlcl
funds
2021
Totsl
funds
2021
Total
funds
2020
Invesknent management costs
6.000
6.000
6.000
TOTAL 2020
6,c(iO
6,000
ANALYSIS OF EXPENDITURE BY ACTMTIES
Grant
tundlng of
activities
2021
Support
costs
2921
Tolal
nds
2021
Total
Jnds
2020
Charitable thbes
153.510
21.804
17S,314
247,010
TOTAL 2020
192.533
54.477
247.010
Page 13

THE TAUSMAN CHARITABLE TRUST
NOTES TO ThE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2021
ANALYSIS OF EXPENI)mJRE BY ACTIVrnES (CONTINUED)
ANALYSIS OF SUPPORT COSTS
Support and
govemance
2021
Totsl
funds
2021
Total
funds
2020
Accountancy fees (govemancel
Data wotedion- annud fee Igovwnance)
Independent Exwninerfs fees {govem8ncel
Bank chayJes
Computer costs
Covi&19- expenses incurred by Trustee
Covid-19- Offi￿ 5anitisation & face masks
Office deaning
Office equipment
Office equipment- maInter￿nCe
Office expenses
Postage & courier servbes
Propety insurance
Property renovations
Pft)perty roof repairs (Note 10)
Propety utilty expenses
Slalionery
Subscriptions
Telephone
Travel and parking
7.2CK)
35
1.766
7,200
6,500
35
1.768
10
374
1.766
280
350
315
80
1.288
280
315
80
1.288
2.881
235
1,421
907
907
685
228
228
239
16,923
15.000
6,134
11,029}
7.320
1,177
215
{1,029)
7.320
1,1TI
215
927
215
973
454
927
60
21.804
21,804
S4.477
TOTAL 2020
54.477
54,477
Govemance costs as shuwn above total￿ £9,¢X11 in 2020r210nd £8.303 in 2019120.
Page 14

THE TAUSMAN CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2021
ANALYSIS OF GRAKrs
Grants to
Grants to
Instltutk)n$ Indivkluals
2021
2021
Total
funds
2021
Total
funds
2020
Grants
150,510
153.510
192,533
TOTAL 2020
191.533
192,533
GRANTS TO INDMDUALS
Numberof
grants
2021
Child Povety
Disablement or disabilty
Education
Health
Housing
Small means
12
18
19
4.071
10.76S
14,459
12B
93,776
26,794
Totsl
236
150.510
GRANTS TO INSTITWIONS
2021
2020
Exeter Community Transport Asse¢iath)n
Field Lane
Relate Avon
2,OlJQ
1.000
Totsl grants to irkstltullons
3,000
All grant payments were rrAde trrm unrestricled lunds in 2020 at)d 2021.
Page15

THE TAUSWI CHARITABLE TRUST
NOTES TO THE RNANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2021
FIXED ASSEf INVESTMENTS
Usted
Investments
Cash at
broker
Total
MARKET VALUE
At 6 April 2020
Additions
Disposals
Net realised and unredised g&nsl{losses)
Movement in cash al bfoker
12,942,146
1.633,T11
(1.$5S.223>
6A62.829
1,110,986 14.063.132
1.633.771
(1.$55.2231
6,462,829
178,548)
178.$48}
AT 5 APRIL 2021
19,483,523
1.032,438 20,515.961
All investments are carried al th￿1 fair value. Investment in equities and fixed interest securities are all
ltsded in quoted public markets. primarily the London Stcck Exchange. Holdings in common investment
funds, unit trusts and open*nded irNestmt companies are al the bid price. The basis of fair value lor
quoted investments is equivalent to the market value, using the bid price. Asset sales and purchases are
recr/Jnised at the date of trade at cost Ith* 1$ their transactk)n value).
When o)nsKlering the Charitys inveStr￿1 polw. the Trustees take the thice of QU￿ter Chewot
Limited. The Charity operates an investment poly that indudes prowsion for a degree of diversifi￿tion
of holdings within diffeTent Hivestsment tnjsts and unit trust investmenls. The Chanty has invested in
ntsmber of these investmonls in order to better protect the Charivs exposure to volatility in the market
and seek low ri¥k Invesknents wherever poswble.
The Charity does not make use of deriv￿ and stmilar complex financtal instruments as it takes the
that investments are hehj for thwr knger tem) gro￿ and annual income.
The Charity has materid investment holdings in markets subj'ect to exthange controls or trading
reststctions.
Page 16

THE TAUSMAN CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENOED S APRIL 2021
TANGIBLE FIXED ASSETS
Freehold
proporty
COST
Al 6 April 2020
415.095
At 5 April 2021
415,095
NET 800K VALUE
At 5 April 2021
415,095
At 5 April 2020
415,095
DEBTORS
2021
2020
DUE WITHIN ONE YEAR
Other debtors
Prepayments
40.366
4.213
35,745
4,570
44.579
40,315
CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR
2021
2020
Accruals
14.989
14,274
Page17

THE TAUSMAN CHARITABLE TRUST
NOTES TO THE NNANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2021
10. PROVISIONS
Damage was caused to part of Ihe rwf at the rear ofthe Charitls PTopety during the storms of January
arKJ February 2020. An initial estimaie of £500 had been obtained for tho repair, bLrt it wasn't until after 5
April 2020 that the buitders were able to start wcrfk, and it ￿d$ then reported that the damage was
substsntialty worse Ihan firsi thought. Ihat thè *lKJle of the roof needed replacing. The repair w
the roofwas cOMp￿ted by 5 April 2021.
A provision for the rfy)f repairs of £15,000 was made in the accounts for the year ended 5 April 2020 and
the totsl cost of the roof repairs was £13.971. The balan￿ of unused provtsK>n, £1.029. has been
added to income reseNes.
No other provisions have been made in these acctyjnts.
Property
rool repalr
At 6 April 2020
Amounts used
Amounts reversed
15,000
{13,971}
11,029)
11. KEY MANAGEMENT PERSONNEL TRUSTEES. REMUNERATION AND EXPENSES
The charity considers its key m•)agment pe￿Onnel lo be the Trustees. The Trustees all give their time
and experknse without any form of remuneration or other benefrt in kind (2020.. £ni4.
During the year ended 5 April 2021, trnvel and parking expenses were reimbursed lo one Trustee of £60
(2020.. three Trustees £454}. One Trustee was pawj £350 w) relation to addilional home expenses
incurred as a Tesutt of working from home durin9 the Cw&19 thkdowns. There were no Trustees,
ey4Jenses sdued directy to a third paty.
11 RELATED PARf( TRANSACTIONS
There were rdated party transaclins during the ojrrent or prior year.
Page 18