2021-12-31-accounts - George And Thomas Henry Salter Trust

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			Page
Reporl ofthe Trustees		1	tc	4
Independent Examiner's	Report
Statement ofFinancial	Activities
Balance Sheet
Notes to the Financial Statements		8 to		14
Detailed Statement of Financial Activities			15

F	ORTHE	YEAR EN	DED 31DECEM	BER 202'I
					2021	2020
			Unrestricted	Endowment	Total	Total
			funds	fund	funds	funds
		Notes	2		8
INCOME AND ENDOWMENTS	FROM
Investment Income			32,046		32,046	33,701
EXPENDITURE ON
Charitable activities Education Grants Relief in need			51,054 11,523		51,054 11,523	52,191 10,590
Total			62,577		62,577	62,781
Net gains/(losses) on investments				105,209	105,209	(16,784)
NET INCOME/(EXPENDITURE)			(30,531)	105,209	74,678	(45,864)
RECONCILIATION OF FUNDS
Total funds brought forward			295,049	1,290,187	1,585,236	1,631,100
TOTAL FUNDS CARRIED FORWARD			264,518	1,395,396	1,659,914	1,585,236

FIXEDASSETS	Notes	Unrestdcted funds 6	Endowment fund E	2021 Total funds 8	2020 Total funds 5
Investments
			'f,151,813	1,151,613	1,022,009
CURRENT ASSETS
Cash at bank		268,658	243,583	512,241	567,188
CREDITORS
Amounts falling due within one year	8	(4,140)		(4,140)	(3,961)
NET CURRENT ASSETS		264,518	243,583	508,10'I	563,227
TOTAL ASSETS LESSCURRENT
LIABILITIES		264,518	1,395,396	1,659,914	1,585,236
NETASSETS		264,518	1,395,396	1,659,914	1,585,236
FUNDS
Unrestricted funds
Endowment funds				264,518	295,049
				1,395,396	1,290,187
TOTAL FUNDS
				1,659,914	1,585,236

INVESTMENT INCOME
Dividend income Deposit account interest Charities deposit fund Interest		2021 8 30,590 1,445 11	2020 f 31,831 1,634 236
		32,046	33,701
CHARITABLE ACTIVITIES COSTS
	Grant
	funding of
	activities
	(see note	Support
Education Grants Relief In need	4)f 47,018 6,467	costs 8 4,036 5,056	Totals 8 51,054 11,523
	53,485	9,092	62,577

GRANTSPAYABLE
			2021	2020
Education Grants Relief in need			47,018 6,467	48,500 5,904
			53,485	54,404
The total grants paid to institutions	during	the year was as follows:	2021	2020
			F
Education grants to local schools Education grants to local trainees at college and university WBOS Youth Theatre Boys and Girls Brigade's W BDartmouth Cdcket Club Bloomfield Over 50's Club Friends of Dartmouth Park Charlemont Star Football Club Charlemont Dramatic Society BUDS West Bromwich Brownies West Bromwich Rainbows Yendy's Netball Club Ryders Green Methodist Day Centre Fusion Dance West Bromwlch Guides Voice of Hope Choir African Speaking Support Singh Sabha FC Cameo Friendship Group Hope Church PoliceCcmmunity Clubs ofGB West Brom Rambling Club Yendeys Netball Club Charlemont Methodist Church Dartmouth Ladies Bowling Club			13,120 18,703 1,500 350 600 725 545 800 750 1,500 1,500 750 500 525 700 2,400 1,000 400	1,650 24,520 11,300 1,000 530 1,000 760 1,500 (400) (160) 650 1,200 2,400 1,000 500 300 750
Grandparents plus
			250
Headway Black Country Kaleidoscope Group West Brom Baptist Church Brandhall colts East U9s Canal River Trust			250 250 500 600 500
Dartmouth Central Club			400
Sandwell &West Birmingham hospitals		trust	250
			49,368	48,500

There were no trustees 31 December 2020.	There were no trustees 31 December 2020.	' expenses paid for the year ended 31 December	' expenses paid for the year ended 31 December	' expenses paid for the year ended 31 December	2021 nor for	the year ende
COMPARATIVES FOR		THE STATEIIIIENT OF FINANCIAL ACTIVITIES
				Unrestricted	Endowment	Total
				funds	fund	funds
INCOME AND ENDOWMENTS			FROM			2
Investment income				33,701		33,701
EXPENDITURE ON
Charitable activities
Education Grants Relief in need				52,191 10,590		52,191 10,590
Total				62,781		62,781
Net gains/(losses) on	investments				(16,784)	(16,784)
NET INCOME/(EXPENDITURE)				(29,080)	(16,784)	(45,864)
RECONCILIATION OF FUNDS
Total funds brought	forward			324,129	1,306,971	1,631,100
TOTAL FUNDS CARRIED FORWARD				295,049	1,290,187	1,585,236
FIXEDASSETINVESTMENTS
						LIsted
						investments
MARKET VALUE
At 1 January 2021 Additions Disposals Revaluations						1,022,009 24,056 (7,808) 113,556
At 31 December 2021						1,151,813
NET BOOKVALUE
At 31 December 2021						1,151,813
At 31 December 2020						1,022,009
There were no investment		assets	outside the UK.
						continued. ..

					Listed
					investmsnts
					f
	Valuation in 2021 Cost				328,034 823,779
					1,151,813
8,	CREDITORS:	AMOUNTS	FALLING DUE WITHIN ONE YEAR	2021 f	2020 f
	Other creditors			4,140	3,961
9.	MOVEMENT	IN FUNDS
				Net
				movement	At
			At 1/1/21 f	in funds	31/12/21 f
	Unrestricted funds Education Fund Relief in Need		55,614 239,435	(25,418) (5,113)	30,196 234,322
			295,049	(30,531)	264,518
	Endowment funds Endowment Fund		1,290,187	105,209	1,395396
	TOTALFUNDS		1,585,236	74,678	1,659,914

Net movemsnt In funds, included	In the above are as follows	:
	Incoming	Resources	Gains and	Movement
	resources f	expended f	losses f	in funds f
Unrestricted funds
Education Fund Relief in Need	25,636 6,410	(51,054) (11,523)		(25,418) (5,113)
	32,046	(62,577)		(30,531)
Endowment funds Endowment Fund			105,209	105,209
TOTAL FUNDS	32,046	(62,577)	105,209	74,678

					Net
					movement	At
				At 1/1/20	in funds	31/12/20
Unrestricted	funds
Education Fund Relief in Need				119,137 204,992	(35,341) 6,261	83,796 211,253
Endowment	funds			324,129	(29,080)	295,049
Endowment	Fund			1,306,971	(16,784)	1,290,187
TOTAL FUNDS				1,631,100	(45,864)	1,585,236
Comparative	net movement	in funds, Included	in the above	are as follows:
			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
			F
Unrestricted	funds
Education Fund Relief in Need			16,850 16,851	(52,191) (10,590)		(35,341) 6,261
Endowment	funds		33,701	(62,781)		(29,080)
Endowment	Fund				(16,784)	(16,784)
TOTALFUNDS			33,701	(62,781)	(16,784)	(45,864)

A current year 12months and pdor year	12months combined position is as	follows:
		Net
		movement	At
	At 1/1/20	in funds	31/12/21
Unrestricted funds	2	8	2
Education Fund Relief in Need	119,137 204,992	(60,759) 1,148	58,378 206,140
Endowment funds	324,129	(59,611)	264,518
Endowment Fund	1,306,971	88,425	1,395,396
TOTAL FUNDS	1,631,100	28,814	1,659,914

A current year 12 months and pd above are as follows:	or year 12months combi	ned net movem	ent in funds, i	ncluded in th
	Incoming resources	Resources expended	Gains and losses	Movement in funds
	6	6
Unrestricted funds Education Fund Relief in Need	42,486 23,261	(103,245) (22,113)		(60,759) 1,148
	65,747	(125,358)		(59,611)
Endowment funds Endowment Fund			88,425	88,425
TOTAL FUNDS	65,747	(125,358)	88,425	28,814

	THE	THE	GEORGE &THOMAS HENRY SALTER TRUST
		DETAILED STATEMENT OF FINANCIAL ACTIVITIES
			FOR THE YEAR ENDED 31 DECEMBER 2021
				2021	2020
				6
INCOME AND ENDOWMENTS
Investment income
Dividend income Deposit account interest Charities deposit fund Interest				30,590 1,445 11	31,831 1,634 236
				32,046	33,701
Total incoming resources				32,046	33,701
EXPENDITURE
	'
Charitable activities
Grants to institutions Grants to individuals				49,368 4,117	48,500 5,904
				53,485	54,404
Supportcosts
Governance costs
Secretartal Fees Clerks fess Accountancy Other administration	costs			1,020 2,950 4,200 922	995 2,700 3,912 770
				9,092	8,377
Total resources expended				62,577	62,781
Net expenditure before gains			and losses	(30,531)	(29,080)
Realised recognised	gains	and losses
Realised gains/(losses)	on fixed		asset
Investments				105,209	(16,784)
Net income/(expenditure)				74,678	(45,864)