**Charity number: 211848**
## **E S G ROBINSON CHARITABLE TRUST**
## **UNAUDITED**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 5 APRIL 2021**
**E S G ROBINSON CHARITABLE TRUST**
## **CONTENTS**
||Page|
|---|---|
|**Reference and administrative details of the charity, its trustees and advisers**|1|
|**Trustees' report**|2 – 4|
|**Independent examiner's report**|5|
|**Statement of financial activities**|6|
|**Balance sheet**|7|
|**Notes to the financial statements**|8 - 15|
**E S G ROBINSON CHARITABLE TRUST**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2021**
## **Trustees**
V Rock W Balston T Loewendahl M Heseltine M Robinson C Robinson F Cox
## **Charity registered number**
211848
## **Principal office**
11 Stockwell Park Road, London, SW9 0AP
## **Accountants**
Larking Gowen LLP, King Street House, 15 Upper King Street, Norwich, NR3 1RB
## **Investment managers**
WH Ireland, 24 Martin Lane, London, Greater London, EC4R 0DR
Page 1
## **E S G ROBINSON CHARITABLE TRUST**
The Trustees present their annual report together with the financial statements of E S G Robinson Charitable Trust (the charity) for the year ended 5 April 2021.
## **Objectives and Activities**
## **a. Policies and objectives**
The main objective for the year was to continue to distribute in grants and charitable payments a significant proportion of the income of the unrestricted fund that arose in the year. The Trustees achieved this by responding to applications for grants and requests for charitable payments.
The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in setting the grant making policy for the year. By supporting charitable institutions and purposes, by way of grant making and one-off payments, the Trustees consider that they have ensured charitable benefit to the public further to the objects of the charity.
The Trustees review annually the risks that the charity faces. To date these mainly relate to investment management. The Trustees are also aware of risks associated with making grants. A policy of only awarding grants for charitable purposes reduces such risks.
The Trustees confirm that, in exercising their powers and duties, they have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission.
## **b. Grant making policies**
The Trustees have typically met on a twice yearly basis to consider what grants they will make. In the year to 5 April 2021 the Trustees cancelled a planned meeting for May 2020 because of the pandemic but at that time Trustees decided to continue to make grants which were already approved or indicated but not yet made and to defer consideration of new grants until there was greater clarity on the level of the charity’s sustainable income, and to review the position again in November 2020. At a meeting held in November 2020, given the on-going impact of the pandemic on the trust's investments from which it derives its income, the Trustees decided again to defer consideration of new grants but to continue to support long-standing beneficiary organisations and also resolved to review the grant making criteria. After review, the Trustees resolved to adopt as the policy that the charity's funds are applied in the fields of numismatics, culture and the arts, the environment and sustainability, by way of making donations primarily to other registered charities. Further it was resolved that unsolicited applications are not requested as the Trustees intended to make donations to charities whose work they have come across through their own research.
Page 3
## **E S G ROBINSON CHARITABLE TRUST**
## **Achievements and performance**
## **a. Key financial performance indicators**
The Trustees have approved grants and donations for a range of charitable purposes totalling £22,603 (2020: £45,338). The charity’s income from investments and regular gifts net of administrative costs exceeded grants and donations made by £1,136. The Trustees consider that the reduction in income compared to previous years is likely to be of a relatively short-term nature. The Trustees achieved the charity’s prime financial objective of making grants and donations in a sustainable manner. Grants are detailed in note 4 of the financial statements.
The Trustees have been disappointed by the performance of the portfolio of quoted investments managed by W H Ireland and in particular its underperformance as against the benchmark against which W H Ireland compare the portfolio performance. The Trustees are therefore considering alternative options for the management of the portfolio of quoted investments.
## **Financial review**
## **a. Going concern**
After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.
## **b. Reserves policy**
The charity's funds (which are unrestricted) carried forward amounted to £772,554 (2020: £593,278). The increase in the value of the charity’s funds in the year reflects a recovery in the market value of its quoted fixed asset investments which are managed by an external professional fund manager, as well as a small surplus of net income and gifts over donations and grants awarded.
## **Structure, governance and management**
## **a. Constitution**
The Charitable Trust was established by Sir Edward Robinson on 10 August 1956. The E S G Robinson Charitable Trust is established for charitable purposes governed by the Trust Deed. The charitable Trust is registered as a charity by the Charity Commission for England & Wales, registered number 211848.
The Trustees' role is to hold the Trust funds upon trust and to apply the capital and income of the Trust for charitable purposes at their discretion.
Page 3
E S G ROBINWN CHARABLE TRUST
of appointmenl or deCtI of Trustees
Th• Tt D88d (1x8 not ¥peufy the nurnber Trust•85. New Trustee8 are idenlified and antt ty t
exists.ng Ttu¥tees Thè Trustees arts resFt)n*t46 for the inthjction of new Tru¥e$s and this In¢J¥JJes awareness
of Trustee re8p)rtsitrAlsbgs. the pverning th(>Jmert, *Jmirustrats've wocedures, the hstory arKI phl<>soF*¥cal
OrprCh of th8 (*wrty. There ale sevtsn Tru6tees have hekl office for" thm loi i*trthn 2 and 3
Ye three for t*ts%pen 5 aThJ 6 Yea." for b8tsw8n 8 and 9 years.
p1ansforfile peviods
& Fut•Jrede4*lopments
Th& Tr8$ intend trj COr'nUe Tywd"ng grts and malu.ng chartstle payments ITr a *milar way to the iecert
Trusteu. vespon¥ibllltlès $t*thn•nt
The Trustees are t¢SF4)NNè fti par1ftg the Trtees. rewrt aTrJ the financial statamants in 1rdarthth
applicatAe law alld Unrted Kingdom AOting Standards IUnit¢d KIn)rn Genaraly Apted Accounting
Practictrl.
The law aMlic•t4• lo ehafities in Engn & Wales wiures Ihè TrttstÈ•s to WèFare finaThial 8taiernerrt8 for
each financaal yaar vthich g.ve a true and fail view rl the state of èffars of the charty and of the inwrning
resources and aprjicab'on of resources of th8 chty for tt F*ri¢yJ. In yepafjrg these finanual sL8temert3, the
Trusteas are requiied to..
8¢led suit¥t4è accounts.ftg policies andthen aFfty them corr6ist?rrt."
wvèthÈ mèthods And wlnuFles In thè chareS SORP IFRS1021",
mak•juOJments and accounting ests'mates that are Teasonatlè and prudent.,
state wh8thèr app4icatAe UK Accounting Stsndarth IFRS 101 havè t*8n fdlfJA*4 svty'ed to any
materid departtl disdo¥ed and explained In thtr financtal statements,.
èrAre the finBntial statsments on the 9j.ng concern b8pis unléss rt ts inapwopriatsto wesurne that the
therity will r}ntiTe in opera*on.
The TrLBtee¥ are rÉSFQt4e for keeFing aOun1'n9 re¢oTds thot gro 8uffiLieni to and exF4ain the
charitls trans8ction8 and 1th reasonaNe aceuracy at any time the financi81 posthon Ll challty and
enaNe them to wtsure that the linanaal statements comdy %%ith Iha Chaffoos Acl 2011, the Charti IAccoktnts
and Rerxwtsl RWJuLatr0 2LM)8 an¢J the provisi0r (I the tiust d*d. They are d80 saleguarding
th& assets cl the charity and hence for takjng rea8on8tAe ster6 for prév*rton and detects.on (rf Iraud and
othe¥ irrgJJlari*e¥.
This report w8$ approved thè TrtèÈs. on
d &gwJ on thr ty".
- ,Avi•.-IjUL
Page 4
**E S G ROBINSON CHARITABLE TRUST**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 5 APRIL 2021**
## **Independent examiner's report to the Trustees of E S G Robinson Charitable Trust (the 'charity')**
I report to the charity Trustees on my examination of the accounts of the charity for the year ended 5 April 2021.
## **Responsibilities and basis of report**
As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent Examiner’s Statement**
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I can confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in other to enable a proper understanding of the accounts to be reached.
Signed:
Julie Grimmer FCA DChA
## **Larking Gowen LLP**
Chartered Accountants King Street House 15 Upper King Street Norwich NR3 1RB Date: `17 December 2021`
Page 5
## **E S G ROBINSON CHARITABLE TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2021**
|**Unrestricted**
**funds**
**Note**
**2021**
**£**
**Income from:**
Donations and legacies
2
**4,870**
Investments
3
**25,521**
**Total income**
**30,391**
**Expenditure on:**
Raising funds
**5,391**
Charitable activities
**22,603**
Governance
**1,260**
**Total expenditure**
**29,254**
**Net income before investment gains**
**1,137**
Net gains on investments
8
**178,139**
**Net income before other recognised**
**gains and losses**
**179,276**
**Net movement in funds:**
**179,276**
**Reconciliation of funds:**
Total funds brought forward
**593,278**
**Total funds carried forward**
**772,554**|**Total**
**funds**
**2021**
**£**
**4,870**
**25,521**
**30,391**
**5,391**
**22,603**
**1,260**
**29,254**
**1,137**
**178,139**
**179,276**
**179,276**
**593,278**
**772,554**|_Total_
_funds_
_2020_
_£_
_33,339_
_63,953_|
|---|---|---|
|||_97,292_
_7,811_
_45,338_
_1,020_
_54,169_
_43,123_
_(264,002)_
_(220,879)_
_(220,879)_
_814,157_
_593,278_|
Page 6
## **E S G ROBINSON CHARITABLE TRUST**
**----- Start of picture text -----**
BALANCE SHEET
AS AT 5 APRIL 2021
2021 2020
Note £ £ £ £
Fixed assets
Investments 8 676,172 529,661
Current assets
Cash at bank and in hand 98,766 65,731
Creditors: amounts falling due within one
year 9 (2,384) (2,114)
Net current assets 96,382 63,617
Total assets less current liabilities 772,554 593,278
Creditors: amounts falling due after more
- -
than one year
Net assets
772,554 593,278
Charity Funds
Unrestricted funds 10 772,554 593,278
Total funds 772,554 593,278
The financial statements were approved by the Trustees on and signed on their behalf, by:
M Robinson M Heseltine
**----- End of picture text -----**
The notes on pages 8 to 15 form part of these financial statements.
Page 7
**E S G ROBINSON CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021**
## **1. Accounting policies**
## **1.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) – Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Report) Regulations 2008 only to the extent required to provide a ‘true and fair’ view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
E S G Robinson Charitable Trust constitutes a public benefit entity as defined by FRS 102.
## **1.2 Income**
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
## **1.3 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.
All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated to the applicable headings.
Costs of generating funds are costs incurred in managing investments and attracting voluntary income.
Charitable activities and Governance costs are costs incurred on the charity's educational operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
Page 8
**E S G ROBINSON CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021**
## **1.4 Investments**
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the balance sheet date, using the closing quoted market price where quoted. Investment gains and losses, whether realised or unrealised, are combined and shown in the heading ‘Gains/(losses) on investments’ in the Statement of financial activities.
Unquoted investments are valued by reference to any recent movement in shares and considered market value at the balance sheet date.
## **1.5 Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
## **1.6 Cash at Bank and in hand**
Cash at bank and in hand includes cash and short term highly liquid investments with a maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **1.7 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
## **1.8 Financial instruments**
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **1.9 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
## **2. Income from donations and legacies**
|**Unrestricted**
**funds**
**2021**
**£**
Gifts
**4,870**
_Total 2020_
_33,339_|**Total**
**funds**
**2021**
**£**
**4,870**
_33,339_|_Total_
_funds_
_2020_
_£_
_33,339_|
|---|---|---|
||||
Page 9
**E S G ROBINSON CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021**
## **3. Investment income**
|||**Unrestricted**|**Total**|_Total_|
|---|---|---|---|---|
|||**funds**|**funds**|_funds_|
|||**2021**|**2021**|_2020_|
|||**£**|**£**|_£_|
||Dividends|**25,521**|**25,521**|_63,953_|
||_Total 2020_|_63,953_|_63,953_||
|**4.**|**Grants paid**||||
||||**2021**|_2020_|
||||**£**|_£_|
||**Donations awarded to Organisations:**||||
||Ashmolean (Oxford University Chest - Heberden Coin|Room)|**12,500**|_7,500_|
||British Museum||**5,000**|_7,500_|
||Community Initiatives South West Ltd||**-**|_1,000_|
||Dorchester Opportunity Preschool Gp Ltd||**-**|_1,000_|
||Easton Community Children’s Services||**-**|_1,000_|
||Faithworks Wessex||**-**|_1,000_|
||Hughes Memorial Prize||**1,000**|_1,000_|
||Into University||**2,000**|_1,000_|
||La Folia Music||**-**|_1,000_|
||Lettering & Commemorative Arts Trust||**-**|_1,000_|
||Professor Keith Rutter||**-**|_1,000_|
||Rowan Armour-Brown Memorial Trust||**-**|_1,000_|
||SOFA Project||**-**|_1,000_|
||Tate||**-**|_2,024_|
||T.21.org.uk||**-**|_1,000_|
||The Friends of The Royal Academy||**-**|_2,072_|
||Trinity Sailing Foundation||**-**|_1,000_|
||University College London – Sir V. Horsley Memorial||**-**|_2,250_|
||Total donations of £1,000 and over||**20,500**|_35,346_|
||Others - under £1,000||**2,103**|_9,992_|
||Total||||
||||**22,603**|_45,338_|
Page 10
**E S G ROBINSON CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021**
## **5. Analysis of Expenditure by expenditure type**
|Expenditure on fundraising trading
Expenditure on investment management
**Costs of raising funds**
Secretarial expenses
Grants and donations
**Charitable activities**
**Expenditure on governance**
_Total 2020_|||**Costs**
**2021**
**£**
**-**
**5,391**
**5,391**
**-**
**22,603**|||**Total**
**2021**
**£**
**-**
**5,391**
**5,391**
**-**
**22,603**|_Total_
_2020_
_£_
_27_
_7,785_
_7,811_
_-_
_45,338_
_45,338_
_1,020_
_54,169_
_54,169_|
|---|---|---|---|---|---|---|---|
||||**27,994**|||**27,994**||
||||**1,260**|||**1,260**||
||||**29,254**|||**29,254**||
||||_54,169_|||_54,169_||
## **6. Net income/(expenditure)**
During the year, no Trustees received any remuneration (2020 - £NIL). During the year, no Trustees received any benefits in kind (2020 - £NIL).
During the year, no Trustees have been reimbursed for expenses incurred on the charity's behalf (2020: £26.50) as authorised by Clause 4 of the Trust Deed of 10 August 1956
## **7. Independent Examiners' remuneration**
The Independent Examiner's remuneration amounts to an Independent Examination fee of £1,260 (2020 - £1,020).
Page 11
**E S G ROBINSON CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021**
## **8. Fixed asset investments**
|**Market value**
At 6 April 2020
Additions
Disposals
Revaluations
At 5 April 2021|**Unlisted**
**securities**
**£**
**193,755**
**-**
**-**
**-**
**193,755**|**Other**
**investments**
**£**
**335,906**
**134,786**
**(166,496)**
**178,221**
**482,417**|**Total**
**£**
**529,661**
**134,786**
**(166,496)**
**178,221**
**676,172**|
|---|---|---|---|
The unquoted investment represents a holding of 15,960 shares (6.65%) in Geoffrey Faber Holdings Limited, a private company with fairly infrequent share sales. The Trustees obtained the valuation of the Geoffrey Faber Holdings Limited share valuation conducted 22 July 2018 showing the value of the shares to be £12.14 per share. In approving the accounts the Trustees have considered the valuation as at 5 April 2021 and confirmed that this remains appropriate.
## **Investments at market value comprise:**
|**stments at market value comprise:**|||
|---|---|---|
|Unquoted
Quoted
Total market value|**2021**
**£**
**193,755**
**482,417**|_2020_
_£_
_193,755_
_335,906_
_529,661_|
||**676,172**||
All the fixed asset investments are held in the UK
Page 12
**E S G ROBINSON CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021**
## **Material investments**
The quoted investments were held in the UK and on Foreign Exchanges. The Trustees consider that the material individual investment holdings in the year which require disclosure were as follows:
||**5 April**|_5 April_|
|---|---|---|
||**2021**|_2020_|
||**£**|_£_|
|Anglo American plc|**27,004**|_18,413_|
|Astra Zeneca plc|**28,988**|_-_|
|Aviva plc|**29,595**|_29,535_|
|BAE Systems plc|**8,206**|_8,479_|
|Barclays Plc|**24,410**|_15,016_|
|BT Group plc|**32,508**|_24,759_|
|Carnival Plc|**19,026**|_11,776_|
|Croda International Plc|**17,330**|_11,663_|
|easy Jet Plc|**27,390**|_23,268_|
|GlaxoSmithKline Plc|**24,748**|_-_|
|International Consolidated Airlines Group SA|**26,771**|_25,812_|
|Lloyds Banking Group Plc|**28,502**|_34,240_|
|M&G plc|**18,669**|_9,571_|
|NatWest Group plc|**29,878**|_30,708_|
|Prudential Plc|**29,270**|_33,136_|
|Rolls Royce Holdings Plc|**29,203**|_14,986_|
|Schroders PLC|**17,895**|_19,873_|
|TUI AG|**27,540**|_24,670_|
|Fidelity European Trust plc|**35,488**|_-_|
The investments have been held with WH Ireland since March 2013.
## **9. Creditors: Amounts falling due within one year**
|Secretarial expenses
Independent examiner's fee|**2021**
**£**
**1,094**
**1,290**
**2,384**|_2020_
_£_
_1,094_
_1,020_|
|---|---|---|
|||_2,114_|
Page 13
**E S G ROBINSON CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021**
## **10. Statement of funds**
||**Current year to**|**Prior year to**|
|---|---|---|
||**5 April 2021**|**5 April 2020**|
||**£**|**£**|
|**All General Funds**|||
|Balance at 6 April|**593,278**|_814,157_|
|Income|**30,391**|_97,292_|
|Expenditure|**(29,254)**|_(54,169)_|
|(Losses) on investments|**178,139**|_(259,002)_|
|Opening balance adjustment|**-**|_(5,000)_|
|Balance 5 April|**772,554**|_593,278_|
## **11. Analysis of net assets between funds**
## **Analysis of net assets between funds - current year**
|Fixed asset investments
Current assets
Creditors due within one year
**Analysis of net assets between funds - prior year**
Fixed asset investments
Current assets
Creditors due within one year|**Unrestricted**
**funds**
**2021**
**£**
**676,172**
**98,766**
**(2,384)**|**Unrestricted**
**funds**
**2021**
**£**
**676,172**
**98,766**
**(2,384)**|**Unrestricted**
**funds**
**2021**
**£**
**676,172**
**98,766**
**(2,384)**||**Total**
**funds**
**2021**
**£**
**676,172**
**98,766**
**(2,384)**|**Total**
**funds**
**2021**
**£**
**676,172**
**98,766**
**(2,384)**|
|---|---|---|---|---|---|---|
||||||||
||**772,554**
**Unrestricted**
**funds**
**2020**
**£**
529,661
65,731
(2,114)|**772,554**|||**772,554**||
||||||**Total**
**funds**
**2020**
**£**
529,661
65,731
(2,114)||
||_593,278_||||_593,278_||
Page 14
**E S G ROBINSON CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021**
## **12. Related party transactions**
Shares to the value of £Nil (2020: £28,089) were gifted to the charity during the year by the brother of trustee M Heseltine. The outstanding balance as at 5 April 2021 was £Nil (2020: £Nil).
Donations totalling £4,870 (2020: £5,250) were made to the charity during the year by the brother of trustee V Rock. The outstanding balance as at 5 April 2021 was £Nil (2020: £Nil).
Page 15