2022-03-31-accounts - The Frieda Scott Charitable Trust

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Tluslaes
Allaon Alger Rlchsni D L Browneon —retired March 17"2022
Stuart Fstrciough
Simon Kirby Vanda JLsmbton
Hugo D Prlng
Samuel A MRsyner
Ssmsntha Scott (Chair) Laura JSouthern
Officers
Celia Forsyth —Trust Secretary
Helen Carter —Director
Craig Pennington -Finance Msrrager

				Expendable	Rsstrictsd	General	Total	Total
			Notes	endowment	Fund	unrestricted	2022	2021
				2	2	2	2	2
hcome
I veshnent Income Donallon Transfer			3	~70M		174,657 139528	174,657	152,702 45,000
Toltil Ilicorrie Exprmditum Cools ofm/serg funds Investment management	rxrsts			314185 174,657 197702 IMMMM4Iim~~M
Expenditure on chiaritatAr	acdv/ars
Grant making
Grants committed Grant isleted supper/governance		costs	5/19 5		(45,000)	(331,880) 8166	(376,880) ~M667	(261202) ~4t M~
Total expenditure						7204	~417	~307'm
Net (expenditure)/Income	before
.gains/gooses) on Investments				(186,362)	(45.000)	(58,401)	(289,763)	(151,727)
Net gains/(losses) oninvsstments			11	675253		566	675819	2020A97
Nst movement In funds				488,891	(45,000)	(57,835)	386,056	1,869,170
Rsconci//ayon offurxfs
Total funds brought forward				00700	5	22 5	1 .004 5	.M,
Total funds carrlerl forward			17/18	11,275634			151	0,00 .

Grants committed					2022	2021
The value of grants to institutions		committed	in the year, including		2	2
cancelled grants, comprises:
Grants Committed					381,880	264,702
Returned/withdrawn: 1 grant	(2021:1)				~5,000	~0,500
Details ofthe recipients are	shown in note		19.		376,880	261,202
Support costs (note 6)					29,194	37,943
Governance costs (note 6)					11,473	8,260
					40 607	40.203
					417547	307405
				2022	2021
			2	2
Reconciliation ofgrants payable:
Commitments at beginning	of year			85,673		42,746
Commitments made in the year Grants cancelled in the year			381,880 ~5000		264,702 ~0,6DO
Grants committed in the year				376,880		261,202
Grants paid during the year				~224,709		~278,274
Net Commitments st 31March				237,044		85,673
Commitments at 31March
are payabte as follows:
Within one year (note 15)				187,869		61,819
After more than one year (note		16)		49,975		23,854
				237,044		05,673

Actlvlges Is s	hown In the table below:
		Total	Support		Seals of
		Allocated f	Costs f	Governance f	Apportionment
Staff costs		27,938	23,747	4,191	Slatf time
Office renlal	snd ccats	5,189	4,670	519	Saff time
Professional	fees	282	282		Usage
Sundry costs		550	495	55	Usage
				85
Governance	costs
			2022f	2021f
Staff ccats			4,191	2,650
Office rental	and costs		519	622
Professional	fees			891
Publbaffons	6subscriphons		1,101
Auditors' rumunera8on			4,857	3,420
Trustees' meetings			200
Stall training			550	624
Sundry costs			55	53
				3 88

Activlgss Is shown in the table below	:
Cost Type	Total	Support		Susie of
	Agocsted	Costsf	Governance f	Apportionment
Staff costs	26,504	23,854	2,650	Stsff rime
Offhe rental snd coals	6,224	5,602	622	Staff time
Professional fees	8,906	8,015	891	Usage
Sundry expenses	526	473	53	Usage
	42,160	3 .

	There were no related parly tra	There were no related parly tra	nsactions in	nsactions in	the year.	the year.
11	Comparstives for Statement		ofRnanclal		Aclivlties and Salance Sheet		figures
	Statement of Financial	Activities
						Expendable	Restricted	General	Total
						endowment	Fund	unrestricted	2021
						2	2	2	2
	Income
	Investment income Donation						45000	152,702	152,702 45,0aa
	Total income						45,000	152702	197702
	Expenditure
	Cosh oiraising funds Investment management	costs				41 592		432	~42 0
	Expendilum on charfhbh	acgv/Iles
	Grant making
	Grants committed Grant related support/governance			costs				(261,202) 48,203	(261,202) ~40,200
	Total expenditure							3DD 405	~007400
	Net expenditure before	losses on		investmsnts		(41,592)	45,000	(155,135)	(151,727)
	Nst gains on investments					1 999649		21 248	2,020897
	Net movement In funds					1,958,057	45,000	(133,887)	1,869,170
	Reconc//isi/on offunds
	Total funds brought forward					8,828,686		256,239	9084925
	Total funds carried fonrard					10786 743	45000	122,352	10,954,095

11	Comparatives for Statement	Comparatives for Statement	Comparatives for Statement	Comparatives for Statement	Comparatives for Statement		ofFinancial	ofFinancial	Acgvlths and Balance Sheet figures (continued)	Acgvlths and Balance Sheet figures (continued)	Acgvlths and Balance Sheet figures (continued)	Acgvlths and Balance Sheet figures (continued)
	Balance Sheet
									Expendable		Restricted	General	Total
									end ovnnent		Fund	unrestricted	2021
										2	2		2
	Rxsd assets
	Investments									ID 796942		116,721	111,913663
	Current assets
	Debtors											3.666	3,666
	Cash										45000	123721	168,721
											45,000	127,387	172,387
	0 dll: 2	3		I	lll Dd		MB		7 ~16,199			97902	108,101
	Net current (Ibtbglges)/assets									10,199	45 MO	29465	64286
	Creditors: Amounts			falling due			after
	more than one	year										23,854	23854
	Tots( net assets/(gsblgtles)									10,786,743	46,6DD	I .35	0,95 MB
	Total charity funds									10,766,743	~5,DOII	22352	095 .065
12	Investments
												2022	2021
													2
	Market value at beginning					ofyear						10,747,538	8,899,253
	Acquisitions atcost											2,281,927	3,309,083
	Disposal proceeds											(2,504,559)	(3,481,695)
	Net profit/(loss) on revaluation											675,819	2,020,897
	Market value at end			ofyear								11,200,725	10,747,538
	Uninvested cash	and		settlements			pending					106367	166.125
												1.361.092	111.913,M3
												2022	2021
													2
	Expendable Endowment											11,287,049	10,796,942
	Income Invested	Fund										14,043	116,721
												11.301 DM	0 M3.663
	As agreed by Trustees, the investment valuations are now accounted for on a							portfolios percentage		were combined as at 31 March 2020 and the separate basis - Endowment 99.92%:Income Invested Fund 0.08%.
	(2021:Endowment		98.97%,Income Invested Fund: 1.03%).
												2022	2021
												2	2
	UK equities											1,468,292	1,432,611
	International equities											6,170,737	5,786,015
	Multi asset funds											956,270	1,044,747
	Bonds											604,923	892,822
	Property											852,640	723,572
	Other alternatives											1,041,629	504,533
	Cash instruments											206,601	363238
												11,301,092	10,747,538
	Historicalcostat	sn	d	o	fyea	r						6869 941	6985 656


Grants						Ccmmicnsnls			Ccmmlsnsnts
						made	In year		Issue In Iresr
						ended			ended
						31 Mach		2022	31 March 2021
							2		2
Action with Communities in	Gumbrla								'	5,000
Ags UK South Lakeland									20,000
Appieby Eddlbles							3,500
Ashy Village Hall							3,500
Barrow Raiders Community		Foundation					3,500
BeMe Project							17,385
Bendrigg Trust									15,000
Blackwall Sailing									37,500
Carer Support South Lakes							35,932		11,000
Cumbrla Ahohol and Drug Advisory Senrice Cumbrla Deaf Association '							35,000 18,800
Gumbrla Family Support							11,132
Diabetes UK										1,000
Duddon and Fumess Mounlain			Rescue Team						10,000
Firbank Church Hall										3,500
Friends of Artspace										1,000
Friends ofSandsids Lodge							(5,000)
Friends ofShap School								1,145
Friends ofXt12										3500
Gateway Church								7,456		3,500
Growing Well									40,754
Howglll Village Hall								3,500
Kendal Lads and Girls Club										1,158
Kent Estuary Youth Project							20,000
Kendal Torchlight Procession								3.320
Kepplewray Trust										7,500
Kirkby Lonsdale Community		Cupboard					15,000
Kirkby Lonsdrrie Play Partnership										3,500
Ughthouse Community Mental Health					Hvb		16,200
Lower Holker Village Hall								3,500
Manna House							20,000
Music Links Nadand 8Oxenholme Pre-School								3,200		2,522
Newbigginwn-Lone Pubs	Hall									3,500
Gur Plamr Youth Club								4,000
Petterdale King George v Playing				Field Foundation
Penrlth Pumas Whee@hair		Rugby						4,510
Queen Katherine School Assodation								9,000
Ragtag Arts							16,000
Resglll Village Hall								3,500
Shap Communily Ac6on Group										3,500
South Cumbrla Musical Festival								3,500		(3,500)
Space2Create							10,000
Springfield									15,000
Stalnton Institute										3,500
St.Mary's Hospice, Ulverston									16,768
Temple Sowerby VMtory Hall										2,000
The Birchall Trust							48,000		20,000
The Bryce InsStute								3,500
The Samaritans -Lancaster		6 District						3,500		3,500
Ths Well Communiries CIC									19,500
Victoria Hall Support Group										2,000

Glen'le {continued)
			Comm emanla	Commsmanm
			made in yaer	llmda In yrmr
			ended	ended
			31 March 2022	31 March	2021
				2
Wamop Pariah Council Waste Into We3belng '			3,5OO 16,500
Wlndermere Youth	Pmjact		4,000
Xenolith Eaplmer Scout Unit
Ssndgate School Fsm2y 4 Friends
South Cumbrla Breastfeedlng		Supporl			5,000
Youth Engagement Youth Presence	Service		11,500 10,000
1st Kendlil Scouts			3,500
			376880	261,202