## |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 .| ## ## ## ## ## ## ## ## ## ## ## |5|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the year, including||2|2| ||cancelled grants, comprises:||||||| ||Grants Committed|||||381,880|264,702| ||Returned/withdrawn: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|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| ## |13|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||