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|||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|
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|||||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|
##
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||||||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|
##
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||||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|
##
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##
|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)|