2021-03-31-accounts - Schroder Charity Trust

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Contents			Page
Reference and administrative		information
Report ofthe directors			2-5
Independent auditor's	report		6-7
Statement offinancial	activities
Balance sheet
Statement ofcash flows			10
Notes to the financial	statements		11 —19

Mrs C B Mallinokrodt
Mrs C L Fttzalan Howard
Mr TBSchroder
Ms L K ESchroder
Mr J H FSchroder

						2021	2020
						Total	Total
			Notes	Restricted	Unrestricted	funds	funds
				6		6
Income from:
Investments					525,391	525,381	534,605
Total					525,391	525,391	534,605
Expenditure on:
Raising funds —investmsnt Charitable activities		manager fees			2,078 560,137	2,078 560,137	2,028 461,461
Total					562,215	562,215	463,489
Net (expenditure)/Income		before gains			(36,824)	(36,824)	71,116
and losses on	Investments
Net gains/(losses)	on investments				3,96?,8'l5	3,957,815	(931,381)
Net Income/(expenditure) In funds		and movement			3,930,991	3,930,991	(860,265)
Fund balances	brought	forward			11,645,002	11,645,002	12,505,267
Fund balances	carried forward				15,576,993	15,575,993	11,645,002

Balanc	e she	et as a	t 31 March 2021
				Notes	202'I	2020
					8	8
Fixed assets
Investments					15,234,569	11,234,240
Current assets
Debtors				10	324,708	324,654
Cash at bank and in		hand			55,7SS	126,620
					380,461	450,274
Creditors:	amounts	due within	1 year		(39,031)	(39,506)
Net cunsnt	assets				341,430	410,768
Net assets					15,576,999	11,645,008
Financed by:
Share capital				12
Funds
Unrestricted	funds				1S,575,993	11,645,002
Totalfunds				13	15,575,999	11,646,008

							Notes		2021	2020
									8	6
Cash flows from operating	activities:
Net cash used in operating	activities						(s)		(562,742)	(465,709)
Cash flows from Investing	activities:
Dividends, interest and rents from investments Proceeds from sale ofinvestments									490,998 8,327	517,784 20,297
Purchase of investments									(8,445)	(16,400)
Change in investment cash									(3)	33
Net cash provided by Investing activities									492,877	521,714
Change In cash and cash	equivalents	In the reporting		period					(89,885)	56,005
Cash and cash equivalents	at the beginning		ofthe reporting		period		(b)		125,620	69,615
Cash and cash equivalents	at the end	ofthe reporting			period		(b)		65,755	125,620
(a) Reconciliation of net income to net		cash flows from			operating	activities
Net income/(expenditure)	for the reporting		period						3,930,991	(860,265)
Adjusbnents fon
(Ga/ns)/losses on investments Dividends and Interest from investments									(3,967,815) (525,391)	931,381 (534,605)
Increase ln debtors									(52)	(8,787)
(Decrease)/increase in creditors									(475)	6,567
Net cash used In operating	activities								(582,742)	(465,709)
(b) Analysis ofcash and cash equivalents
Cash in hand									55,755	125,620
Total cash and cash equivalents									55,755	125,620
(c) Analysis ofchanges in	net debt:
					1	April			Non-cash	31 March
						2020	Cash	flows	movement	2021
								9		6
Cash snd cash equivalents					125,620		(69,865)			55,755

Investment	Income	Income					2021 8	2020f
Dividends							525,390	534,098
Bank interest							1	507
							525,391	534,605
No restricted Investment				income wss received	In the year (2020: ENII).
Raising funda -		costs					2021	2020f
Investment	management			costs			2,078	2,028
							2,078	2,028
All costs incurred		in both		2021 and 2020 were	in respect of unrestricted	funds.
Charitable	activities						2021	2020f
Charitable	donations		(note 6)				615,900	418,249
Administration							33,887	36,132
Governance							10,350	7,080
							560,137	461,461


6.	Charitable donations							2021
Made to institutions:
	Access Project, The							4,000
	Age UK Plymouth I Plymouth			Age Concern				5,000
	Age UK Bath and N East	Somerset				Limited		4,000
	Amphibian snd Reptile Conservation						Trust	3,000
	Ampney Crucis Church							1,000
	Andover Mind							4,000
	Arts 4 Dementia							5,000
	Arts Taunton							5,000
	Attend							4,000
	Auditory Verbal UK							5,000
	Blind in Business Trust							3,500
	Blood Bikes Scotland							4,000
	Biyth Star Enterprises Limited							4,000
	Book Clubs in Schools							5,000
	Breaking Barriers							5,000
	Bridge (East Midlands), The							4,000
	Bridges for Communities							3,000
	Bromley Homeless							5,000
	Bromsgrove and Redditch		Network					2,600
	Bumblebee ConservsNon	Trust						5,000
	Buty Metropolitan Arts Association							3,000
	Cambridge House and Talbot							5,000
	Care forthe Carers							5,000
	Care Network Cambridgeshire							3,000
	Chsrnwood 20:20							4,000
	Chelsea Old Church							1,000
	Child and Family Connect							3,000
	Children on the Edge							3,000
	Children's Literacy Charity, Clay Foundation, The		The					4,000 5,0X
	Clean Rivers Trust							4,000
	Compassionate Friends, The							3,000
	Connecting Communities Cove Park	in Berkshire						4,000 4,0X
	Differen Strokes (Trusfees)			Limited				4,0X
	Domestic Abuse Volunteer		Support			Services		5,000
	Drunken Chorus							2,800
	Durham Wildlife Trust Limited							5,000
	Dyspraxta Foundation							5,000
	Earth Trust							3,000
	Educate &Celebrate							2,000
	Emmsus Gloucestershire							5,000
	Excel Women's Association							4,000
	Exposure Organisstlon Umited							2,0X
	FsrsShare							5,000
	Fetima Women's Association							4,000
	Foundling Museum, The							4,000
	Future Trees Trust							3,000
	Giving World							5,000
	Good Morning Service							5,000
	Gosport Voluntary Action							4,000
	Green Team, The							3,000
	Gynaecology Cancer Research				Fund		(The Eve Appeal)	5,000
	Half Moon Young People's		Theatre					4,000
	HALOW (Birmingham)							4,000
	Helen Bamber Foundation							5,000
	Helix Arts							4,000
	Home for Good							5,000
	Hourglass (Safer Ageing)							3,000
	ICUSteps							2,000
	Carried forward							234,800

	Brought forward						234,800
	Independent Provider ofSpsoial Education				Advice		4,000
	Kaalmo Youth Development		Limited				3,000
	Katherine Low Settlement	Limited					4,000
	Leeds international Pianoforte			Competition			5,000
	Listening Books						4,000
	London Youth Choir						5,000
	Macular Disease Society, The						4,000
	Marine Conservation Sodety						5,000
	Medair UK						4,000
	Music in Detention						3,000
	Mwezi Foundation, The						4,000
	National Excema Sodety						2,500
	National Emergencies Trust						75,000
	New Deal ofths Mind						3,000
	North East Youth Limited						3,500
	New Brewery Arts Limited						2,200
	Older Citizens Advocacy York						4,000
	One25 Umited						5,000
	Our Time						4,000
	Penrith District Red Squirrel		Group				2,000
	Peterborough Asylum and	Refugee Community				Assodatlon	5,000
	Positive East						3,000
	Prisoners' Advice Service						6,000
	Prostate Cancer Research						4,000
	Reach Volunteering						4,000
	Read Easy UK						4,000
	Reading Mencap						3,000
	Redthread Youth Limited						5,000
.	Re-Engage Limited						4,000
	Refuge						10,000
	Royal Chapel Windsor						400
	Scottish Families Affected by Alcohol end Separated Child Foundation, The Shooting Star Children's Hospices				Drugs		4,000 4,000 5,000
	Sight Support Hull and East Yorkshire						5,000
	Single Homeless Project, The						5,000
	Sixteen, The						5,000
	Snowdrop Project, The						3,000
	Solicitors Pro Bono Group —Law Works						5,000
	StAndreurs Church (Currey		Rival)				1,000
	St Andrew's Club						5,000
	St Jude's Church						600
	Stay Up Late Sudden Productions						4,000 2,500
	Sunderland Women's Centre						2,600
	Surfers Against Sewage						5,000
	Talking Money						4,000
	TBAlert						5,000
	Together Collective						4,000
	Tourettes Syndrome (UK) Assodatlon						6,000
	Unseen UK						5,000
	Vietnamese Mental Health	Services					4,000
	Worldng Rite						4,000
	2021 total						616,900
	2020 total						418,249

Net Investment	gains/(losses)		2021	2020
			E	E
Realised gains Unrsallssd gains/(losses)			1,359 3,966,458	708,057 (1,639,438)
			3,967,815	(931,381)
Net movement	in funds
Nst movement	In funds Is stated aRer charging.	'
			2021	2020
			E
Directors' remuneration
Auditor's remuneration
-as auditor			9,600	5,400
-for accountancy services				1,500

Investments		2021	2020
		E
k/larket value brought forward		11,234440	12,152,697
Additions at cost		40,838	1,557,050
Dlsposals proceeds Net gains / (losses) on dlsposals	and revaluations	(8,327) 3,987,815	(1,544,126) (93h381)
		15434,566	11,234,240
Portfolio cash held by investment	manager	3
Market value carried forward		15,234,569	11,234,240
Historic cost carried forward		13,056,518	13,017,149
Investments comprise the following:
		2021	2020
		E	E
Equities (listed)		15,184,386	11,178,982
Private equity		50,200	55,258
		15,234,588	11,234,240
Debtors		2021	2020
		E	E
Dividends receivable		324,706	324,654
		324,706	324,654

	Creditors:	amounts	amounts	amounts	falling due vnthin	falling due vnthin	2021	2020
							E	E
	Accruals:
	Investment		manager's			charges	539	491
	Administration			of	the	Trust	28,142	32,116
	Auditor's	remuneration					9,600	6,900
	Accountancy			fee			750
							39,031	39,506
12.	Share capital							Allotted,
								called up
								and fully
							Authorised	paid
							6	E
	Ordinary shares			of	E1each		100

Analysis of net assets between	Share	Restricted	Unrestricted	Total
	capital	funds	funds	funds
	E	E	E	E
Investments			15,234,669	16,234,569
Net current assets	6		341,424	341,430
Net assets at the end ofthe year			15,575,993	15,575,999

Analysis of net assets between	Share	Restricted	Unrestricted	Total
	capital	funds	funds	funds
	6	E	E	E
Investments			11,234,240	11,234,240
Net current assets			410,762	410,768
Net assets at the end ofthe year			11,645,002	11,645,008