2022-03-31-accounts - Schroder Charity Trust

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Contents			Page
Reference and administrative		information
Report ofthe directors			2-5
Independent auditor's	report		6-8
Statement offinancial	activities
Balance sheet			10
Statement ofcash flows
Notes to the financial	statements		12 —19

Mrs C BMallinckrodt
Mrs C L Fitzalan Howard
Mr T BSchroder
Ms L K ESchroder
Mr J H FSchroder

						2022	2021
						Total	Total
			Notes	Restricted f	Unrestricted	fundsf	funds 6
Income from:
Investments					560,555	560,555	525,391
Total					560,555	560,555	525,391
Expenditure on:
Raising funds —investment		manager fees			2,459	2,459	2,078
Charitable activities					454,990	454,990	560,137
Total					457,449	457,449	562,215
Net income/(expenditure) before gains and losses on investments					103,106	103,106	(36,824)
Net (losses)/gains on investments					(1,178,261)	(1,178,261)	3,967,815
Net (expenditure)/income		and movement
in funds					(1,075,155)	(1,075,155)	3,930,991
Fund balances brought	forward				15,575,993	15,575,993	11,645,002
Fund balances carried	forward				14,500,838	14,500,838	15,575,993

Balanc	e she	et as a	t 31 March 2022
				Notes	2022	2021
					6	6
Fixed assets
investments				9	'i4,169,018	15,234,569
Current assets
Debtors				10	349,098	324,706
Cash at bank and in		hand			9,137	55,755
					358,235	380,461
Creditors:	amounts	due within	1 year		(26,409)	(39,031)
Net current	assets				331,826	341,430
Net assets					14,500,844	15,575,999
Financed by.
Share capital				12
Funds
Llnrestncted	funds				14,500,838	15,575,993
Total funds				13	14,500,844	15,575,999

									Notes	2022	2021
										f
Cash flows from operating		activities:
Net cash used in operating		activities							(a)	(494,463)	(562,742)
Cash flows from investing		activities:
Dividends, interest and rents		from	investments							523,965	490,998
Proceeds from sale of investments										16,897	8,327
Purchase of investments										(18,527)	(6,445)
Change in investment cash										(74,490)	(3)
Net cash provided by investing			activities							447,845	492,877
Change in cash and cash	equivalents			in the reporting		period				(46,618)	(69,865)
Cash and cash equivalents	at the		beginning		ofthe reporting		period		(b)	55,755	125,620
Cash and cash equivalents		at the end		ofthe reporting		period				9,137	55,755
(a) Reconciliation of net income			to net	cash flows from			operating	activities
Net (expenditure)/income	for the reporting				period					(1,075,155)	3,930,991
Adjustments for:
Losses/(gains) on investments										1,178,261	(3,967,815)
Dividends and interest from	investments									(560,555)	(525,391)
Increase in debtors										(24,392)	(52)
Decrease in creditors										(12,622)	(475)
Net cash used in operating		activities								(494,463)	(562,742)
(b) Analysis ofcash and cash equivalents
Cash in hand										9,137	55,755
Total cash and cash equivalents										9,137	55,755
(c) Analysis ofchanges in	net debt:
							1 April			Non-cash	31 March
								2021	Cash flows	movement	2022
									6	6
Cash and cash equivalents							55,755		(46,618)		9,137

Investment	income			2022f	2021f
Dividends				560,548	525,390
Bank interest				7	1
				560,555	525,391
No restricted	investment	income was received	in the year (2021:fNil).
Raising funds - costs				2022	2021f
Investment	management	costs		2,459	2,078
				2,459	2,078

Charitable	activities	2022f	2021f
Charitable	grants (note 6)	399,400	515,900
Administration		49,452	33,887
Governance		6,138	10,350
		454,990	560,137

Notes to the financ		ia	l	stat	e	ments	for the year ended	31 March 2022
6. Charitable grants								2022f
Made to institutions:
999Club and Lady Florence		Trust, The						5,000
Afghanistan & Central Asian		Association						5,000
Albert Kennedy Trust, The								3,000
Ahce (Relief of Poverty &Advancement					of Community)			4,000
Ampney Crucis Church								1,000
Arts Taunton								5,000
Back On Track Manchester		Ltd						5,000
Beauty for Ashes Refuges								5,000
Berkshire Autistic Society								3,000
Berkshire Women's Aid								3,000
Birmingham Settlement, The								5,000
CARIS Haringey								5,000
Change ofScene								4,000
Chapel-en-le-Frith Mobile Physiotherapy						Service		3,000
Chelsea Old Church								1,000
Childhood Eye Cancer Trust		(CHECT)						4,000
Choir With No Name, The								5,000
Cirencester Housing for Young			People					5,000
City Harvest								3,000
Climate Action Strathaven								2,000
Colchester Gateway Clubs								2,000
Creative Kids								4,000
Creekside Education Trust	Ltd.							4,000
Dash Chanty, The								5,000
Door Youth Project, The								3,000
East and North Herffordshire		NHS Trust			Charitable		Fund	5,000
Eating Matters								4,000
emerge (UK) Company Limited								3,000
Families InFocus (Essex)								3,500
Family First								2,000
Felix Project, The								3,000
Fight Bladder Cancer								5,000
FoodCycle								3,000
Foundation for Young Musicians,				The				3,000
Friends ofthe Family Winchester				Limited				3,000
Future Frontiers								3,000
Garnsychan Partnership								5,000
Girls' Network, The								5,000
Gloucestershire Bundles								4,000
Group for Recycling in Argyll		and		Bute Trust Limited				3,000
Growing Well Limited								5,000
Haven Wolverhampton, The								5,000
Hear Me Out Music								5,000
Henry van Straubenzee Memorial				Fund				3,000
Heron Corn Mill (Beetham)	Ltd							3,000
Hertfordshire Domestic Abuse			Helpline					3,000
Hope for Tomorrow								5,000
Jigsaw(South East)								3,000
Just Like Us								4,000
JUSTICE								4,000
Kennet Furniture Refurbiz								4,000
Kilcooley Women's Centre								4,000
Life Cycle UK								5,000
Link to Change								4,000
Mums and Midwives Awareness			Academy					2,500
Mersey Counselling and Therapy				Centre				3,000
Miracle Foundation, The								3,000
Mosaic —Supporting Bereaved			Children					3,000
Multiple Sclerosis Therapy Centre				Lothian		Limited		4,000
MYTIME								5,000
National Manuscripts Conservation				Trust,		The		5,000
Carried forward								231,000

otes to the financial statem	otes to the financial statem	otes to the financial statem	otes to the financial statem	otes to the financial statem	ents for the year ende	d 31 March 2022
Charitable grants (continued)						2022
						6
Brought forward						231,000
National Youth Arts Trust						3,000
National Youth Choirs of Great Britain						5,000
NewStarts						5,000
Nottingham and Nottinghamshire				Refugee Forum		5,000
Oarsome Chance						4,000
OHMI Trust, The						5,000
Orchard Project (Cause) Ltd,			The			4,000
Orchid Cancer Appeal (Orchid)						4,000
Prisoners Education Trust						5,000
Pure Insight 1628						5,000
Purple Angel Dementia	Awareness			Devon		3,000
Quetzal						3,000
Radford Care Group						4,000
Read Easy UK						5,000
Remap 2010						5,000
Roman River Music						3,000
Royal Chapel Windsor						400
Royal Northern College	of Music Endowment				Fund	5,000
SameYou						4,000
Sara Lee Trust, The						4,000
Separated Child Foundation,			The			4,000
Settled						5,000
SHRUB Cooperative						4,000
Sixty-One						5,000
South Bristol Advice Services						3,000
South London Cares Limited						4,000
South West Coast Path	Association					2,000
StAndrew's Church (Currey			Rivel)			1,000
St Jude's Church						500
Stowe House Preservation		Trust				5,000
Sudents4Students						2,500
Support Through Court						4,000
Surviving Economic Abuse						3,000
Teach2Teach International						3,000
Teesmouth Field Centre						2,000
Tools for Self Reliance						3,000
Transitions UK						5,000
Tunbridge Wells Counselling			Centre			3,000
West Wales River Trust						5,000
Wilts &Berks Canal Trust						4,000
Womankind						4,000
Women's Health and Family			Services			4,000
Worcestershire Assomation		for the Blind				3,000
York Rescue Boat						3,000
Youth Talk Limited						3,000
Zinc Project CIO, The						2,000
2022 total						399,400
2021 total						515,900

	Net investment gains/(losses)	Net investment gains/(losses)						2022 f		2021 f.
	Realised gains							2,563		1,359
	Unrealised (losses)/gains							(1,180,824)		3,966,456
								(1,178,261)		3,967,815
	Net movement in funds
	Net movement in funds is stated		after charging:
								2022f		2021
	Directors' remuneration
	Auditor's remuneration
	-as auditor							5,400		9,600
	The directors consider themselves			and the company		secretary as comprising	the key management			personnel
	ofthe Trust. There are 5 remuneration or benefits	employees (the directors). The directors and company in kind (2021:fNil) and received no reimbursement of						secretary received no expenses (2021:fNil).
	There were no employees	who	received		remuneration	exceeding f60,000.
	Investments							2022 f.		2021f
	Market value brought forward							15,234,566		11,234,240
	Additions at cost							55,116		40,838
	Disposals proceeds							(16,897)		(8,327)
	Net (losses)/gains on disposals		and	revaluations				(1,178,261)		3,967,815
								14,094,525	15,234,566
	Portfolio cash held by investment		manager					74,493
	Market value carried forward							14,169,018	15,234,569
	Historic cost carried forward							13,107,608	13,056,518
	Investments comprise the following:
								2022f		2021f
	Equities (listed)							14,047,691	15,184,366
	Private equity							46,834		50,200
								14,094,525	15,234,566
10.	Debtors							2022		2021
								f		f.
	Dividends receivable							349,098		324,706
								349,098		324,706

Creditors: amounts falling due within one year	Creditors: amounts falling due within one year	2022 6	2021f
Accruals:
Investment manager's	charges	562	539
Share custody fees		1,524
Companies House fees		13
Administration ofthe	Trust	18,172	28,142
Auditor's remuneration		5,400	9,600
Accountancy fee		738	750
		26,409	39,031

Share capital	Share capital		Allotted,
			called up
			and fully
		Authorised 6	paid 6
Ordinary	shares off1 each	100

Analysis of net assets between funds -2022	Share	Restricted	Unrestricted	Total
	capitalf	funds 6	fundsf	funds 6
Investments			14,169,018	14,169,018
Net current assets			331,820	331,826
Net assets at the end ofthe year			14,500,838	14,500,844

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