| Page | ||
|---|---|---|
| Trustees' report |
1-to | |
| Independent auditor's |
report | 11-13 |
| Statement offinancial | activities | 14 |
| Balance sheet | ||
| Statement ofcash flows | ||
| Notes to the accounts | 17-28 |
| Unrestricted | Endowment | Total | Unrestricted | Endowment | Total | ||||
|---|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||||
| Notes | 2022 f |
2022 f |
2022f | 2021 f |
2021 f |
2021 f |
|||
| Income from: | |||||||||
| Investments | 3 | 700,675 | 700,675 | 740,681 | 740,681 | ||||
| ~EEE(Ittu~re on | |||||||||
| Charitable activities- |
|||||||||
| grant giving programme | |||||||||
| Carers | 179,917 | 179,917 | 602,393 | 602,393 | |||||
| Rehabilitation | 459,933 | 459,933 | 252,532 | 252,532 | |||||
| Relief of Poverty | 10,127 | 10,127 | 10,535 | 10,535 | |||||
| Total charitable | expenditure | 649,977 | 649,977 | 865,460 | 865,460 | ||||
| Net income/(expenditure) | 50,698 | 50,698 | (124,779) | (124,779) | |||||
| Net gains/(losses) | on | ||||||||
| investments | 9 | 492,002 | 492,002 | 3,987,824 | 3,987,824 | ||||
| Net incoming | |||||||||
| resources before | |||||||||
| transfers | 50,698 | 492,002 | 542,700 | (124,779) | 3,987,824 | 3,863,045 | |||
| Gross transfers | between | ||||||||
| funds | 100,000 | (100,000) | (86,438) | 86,438 | |||||
| Net movement | in | funds | 150,698 | 392,002 | 542,700 | (211,217) | 4,074,262 | 3,863,045 | |
| Fund balances | brought | ||||||||
| forward | 510,310 | 23,151,605 | 23,661,915 | 721,527 | 19,077,343 | 19,798,870 | |||
| Fund balances | carried | ||||||||
| forward | 661,008 | 23,543,607 | 24,204,615 | 510,310 | 23,151,605 | 23,661,915 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Notes | f | f | ||||
| Fixed assets | ||||||
| Tangible assets | 10 | 3,527 | 2,024 | |||
| Investments | 11 | 23,385,736 | 22,893,899 | |||
| 23,389,263 | 22,895,923 | |||||
| Current assets | ||||||
| Debtors | 12 | 1,783 | 1,745 | |||
| Investments | 13 | 157,871 | 257,706 | |||
| Cash at bank and | in | hand | 693,555 | 564,779 | ||
| Funds with fund manager |
115,970 | 15,962 | ||||
| 969,179 | 840,192 | |||||
| Creditors: amounts | falling due within | 14 | ||||
| one year | (153,827) | (74,200) | ||||
| Net current assets | 815,352 | 765,992 | ||||
| Total assets less | current | liabilities | 24,204,615 | 23,661,915 | ||
| Capital funds | ||||||
| Expendable endowment |
23,543,607 | 23,151,605 | ||||
| Income funds | ||||||
| Unrestricted funds |
661,008 | 510,310 | ||||
| 24,204,615 | 23,661,915 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Notes | f | 'Z | 2 | |||
| Cash flows from operating | activities | |||||
| Cash absorbed by operations |
19 | (569,035) | (899,672) | |||
| Investing activities |
||||||
| Purchase oftangible fixed assets |
(2,857) | (135) | ||||
| Purchase of investments |
(86,438) | |||||
| Proceeds on disposal of investments | 100,000 | |||||
| Interest and dividends received |
700,676 | 740,681 | ||||
| Net cash generated from investing |
||||||
| activities | 797,819 | 654,108 | ||||
| Net cash used in financing | activities | |||||
| Net increase/(decrease) in |
cash and | cash | ||||
| equivalents | 228,784 | (245,564) | ||||
| Cash and cash equivalents | at beginning | ofyear | 580,741 | 826,305 | ||
| Cash and cash equivalents | at end of | year | 809,525 | 580,741 |
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| 5 | Grants payable | ||
|---|---|---|---|
| 2022 | 2021 | ||
| f | f | ||
| Carers | |||
| Grants to institutions 12grantees (2021:31) |
|||
| Action for Family Carers | 8,800 | ||
| Angus Carers Centre | 15,000 | ||
| Blackburn with Darwen Carers Service |
5,000 | ||
| Bridgend Carers | 25,000 | 37,300 | |
| Carers Forum Stirling | 7,901 | ||
| Carers Link East Dumbartonshire | 4,190 | ||
| Carers Link Lancashire | 9,000 | ||
| Carers Outreach Service |
19,700 | ||
| Carers Support Merton |
27,878 | ||
| Carers Together | 27,580 | ||
| Carers' Voice Norfolk and Waveney | 9,990 | ||
| Caring Breaks | 2,550 | ||
| Cranfield Trust |
12,500 | 25,000 | |
| Family Tree Wlrral | (7,500) | ||
| Fife Carers | (10,000) | ||
| Gateshead Carers Association |
6,783 | ||
| Gloucestershire Young Carers |
15,000 | ||
| Greenwich Carers Centre |
29,066 | ||
| Harrow Carers | 13,587 | 28,436 | |
| Hillingdon Carers |
15,000 | 9,316 | |
| Hopelinks | 9,650 | ||
| Kindred Advocacy | 7,751 | ||
| Kinship | 50,000 | ||
| Kinship Care Midlothian | 12,750 | 26,794 | |
| Lagan's Foundation |
30,175 | ||
| Lifted Carers | 19,000 | ||
| More than Grandparents | 17,264 | ||
| MYTIME Young Carers | 14,000 | ||
| Newcastle Carers |
(5,975) | 10,000 | |
| North Argyll Carers Centre | 7,700 | ||
| Promas Caring for People CIC | 7,500 | 29,217 | |
| Redbridge Respite Care Association |
22,687 | ||
| Sandwell Young Carers |
14,990 | ||
| Scarborough and Ryedale Carers Resource |
28,309 | ||
| Signpost Stockport for Carers | 9,500 | 28,900 | |
| Solihull Carers Centre | 10,000 | ||
| Southend Carers Forum |
5,850 | ||
| Swansea Carers Centre | 14,990 | ||
| 156,342 | 551,787 |
| 5 | Grants payable | (Continued) | |||
|---|---|---|---|---|---|
| Rehabilitation | |||||
| Grants to institutions | 20 grantees (2021:12) | ||||
| 3Pillars Project | 15,000 | ||||
| abandofbrothers | 15,000 | ||||
| Al-Hurraya | 14,761 | ||||
| CatZero Ltd |
15,000 | ||||
| Circles SW | 25,631 | ||||
| Clean Sheet | 10,000 | 20,000 | |||
| Code 4000 | 20,000 | 25,000 | |||
| Community Chaplaincy |
Association | 15,000 | 25,000 | ||
| Finding Rythms |
20,000 | 10,000 | |||
| Inside Connections | 15,000 | ||||
| Junction 42 Foundation | 13,833 | 13,833 | |||
| On the Out | 26,263 | 13,764 | |||
| Paws for Progress CIC | 12,500 | ||||
| Prison Radio Association | 28,691 | ||||
| Quest (Nl) | 15,798 | ||||
| The Reasons Why Foundation | 21,600 | ||||
| Recoop | 30,000 | 15,000 | |||
| Safe Welcome After | Prison | 23,709 | 'I2,922 | ||
| Switchback | 15,000 | ||||
| Switch Up | 14,058 | ||||
| Tempus Novo |
30,000 | 15,000 | |||
| Turnaround Project |
(two | grants) | 33,621 | ||
| Women in Prison |
50,000 | ||||
| 399,667 | 231,317 | ||||
| Relief of poverty | |||||
| Grants to individuals | 8grantees (2021:8) | 8,800 | 9,650 | ||
| 564,809 | 792,754 |
| Support costs | Support costs | ||||||
|---|---|---|---|---|---|---|---|
| Support costs | Governance | 2022 | 2021 | ||||
| costsf | 8 | 8 | |||||
| Staffcosts | 62,046 | 62,046 | 54,418 | ||||
| Depreciation | 1,353 | 1,353 | 782 | ||||
| Rent, insurance | and service | charges | 5,852 | 5,852 | 5,379 | ||
| Printing, postage, telephone |
and stationery | 51 | 51 | 79 | |||
| Staff training | and | recruitment | 357 | 357 | 280 | ||
| Computer supplies, website |
and support | 1,248 | 1,248 | 5,551 | |||
| Other general | support costs | 2,545 | 2,545 | 1,708 | |||
| Audit fees | 4,200 | 4,200 | 4,200 | ||||
| Legal and professional | 5,160 | 5,160 | |||||
| Trustee travel | and meetings | 2,355 | 2,355 | 309 | |||
| 73,452 | 11,715 | 85,167 | 72,706 |
| The averag | e monthly |
number | ofemployees during the year was: 2 |
||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Number | Number | ||||
| Grant administration | snd support | ||||
| Employment costs |
2022 | 2021 | |||
| E | 8 | ||||
| Wages and | salaries | including | salary sacrifice benefits | 58,700 | 52,420 |
| Social security costs | 1,659 | 810 | |||
| Employer's | pension | costs | 1,687 | 1,188 | |
| 62,046 | 54,418 |
| Endowment | Endowment |
|---|---|
| funds | funds |
| general | general |
| 2022 | 2021 |
| E | E |
| 492,002 | 3,987,824 |
| 10 | Tangible fixed assets | Tangible fixed assets | |
|---|---|---|---|
| Office fittings and equipment | |||
| 8 | |||
| Cost | |||
| At 1 April 2021 | 12,295 | ||
| Additions | 2,857 | ||
| At 31 March 2022 | 15,152 | ||
| Depreciation and impairment |
|||
| At 1 April 2021 | 10,272 | ||
| Depreciation charged |
in the year | 1,353 | |
| At 31 March 2022 | 11,625 | ||
| Carrying amount |
|||
| At 31 March 2022 | 3,527 | ||
| At 31 March 2021 | 2,024 | ||
| 11 | Fixed asset investments | ||
| Listed | |||
| investmentsf | |||
| Valuation | |||
| At 31 March 2021 | 22,893,899 | ||
| Valuation changes |
491,837 | ||
| At 31 March 2022 | 23,385,736 | ||
| Carrying amount |
|||
| At 31 March 2022 | 23,385,736 | ||
| At 31 March 2021 | 22,893,899 |
| As at31st March 2021 and 2022 the portfolio was invested | As at31st March 2021 and 2022 the portfolio was invested | by Sarasin | and Partners | and Partners | LLP in |
|---|---|---|---|---|---|
| Sarasin Endowments | Fund Class A Income Units - Charity | Authorised | Investment | Fund | |
| (CAIF). | 100% | ||||
| The asset allocation | within the collective investment fund on a look though basis |
was | as follows at 31st March | ||
| 2022: | |||||
| Fixed Income | 7PP% | ||||
| UK Equities | 21.10% | ||||
| Global Equities | 48.50% | ||||
| Property | 560% | ||||
| Alternative Assets |
1270% | ||||
| Liquid Assets | 5.20% | ||||
| 100% |
| 12 | Debtors | Debtors | ||
|---|---|---|---|---|
| Amounts falling due within one year: |
2022f | 2021 8 |
||
| Other debtors | 423 | 423 | ||
| Prepayments | and accrued income | 1,360 | 1,322 | |
| 1,783 | 1,745 | |||
| 13 | Current asset | investments | ||
| 2022 | 2021 | |||
| 8 | 2 | |||
| Listed investments | 157,871 | 257,706 |
| Credit | ors: amounts falling due within one year |
||
|---|---|---|---|
| 2022 8 |
2021f | ||
| Grants | payable | 147,594 | 70,000 |
| Other | accruals | 6,233 | 4,200 |
| 153,827 | 74,200 |
| Unrestricted | Endowment | Total | Unrestricted | Endowment | Total | ||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | ||
| 8 | f | 5 | f | f | E | ||
| Fund balances are | |||||||
| represented | by: | ||||||
| Tangible assets | 3,527 | 3,527 | 2,024 | 2,024 | |||
| Investments | 23,385,736 | 23,385,736 | 22,893,899 | 22,893,899 | |||
| Current assets/(liabilities) | 657,481 | 157,871 | 815,352 | 508,286 | 257,706 | 765,992 | |
| 661,008 | 23,543,607 | 24,204,615 | 510,310 | 23,151,605 | 23,661,915 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| 8 | ||||
| Within | one | year | 800 | 870 |
| 2022 | 2021 |
|---|---|
| 6 | 6 |
| 55,833 | 49,011 |
| Cash generated from |
Cash generated from |
operations | operations | operations | 2022 | 2021 | ||
|---|---|---|---|---|---|---|---|---|
| 6 | ||||||||
| Surplus for the year | 542,700 | 3,863,045 | ||||||
| Adjustments for: |
||||||||
| Investment income recognised |
in statement | offinancial | activities | (700,675) | (740,681) | |||
| Fair value gains and | losses on | investments | (492,002) | (3,987,824) | ||||
| Depreciation and impairment |
oftangible fixed assets | 1,353 | 782 | |||||
| Movements in working |
capital: | |||||||
| (Increase) in debtors |
(38) | (48) | ||||||
| Increase/(decrease) | in | creditors | 79,627 | (34,946) | ||||
| Cash absorbed by |
operations | (569,035) | (899,672) |