**CHARITY REGISTRATION NUMBER: 223794**
## **FOUR WINDS TRUST**
## **UNAUDITED FINANCIAL STATEMENTS**
**31 DECEMBER 2021**
## **SAINT AND CO**
Chartered Accountants 4 Mason Court Gillan Way Penrith 40 Business Park Penrith Cumbria CA11 9GR
**Four Winds Trust**
## **Financial Statements**
## **Year ended 31 December 2021**
||**Page**|
|---|---|
|Trustees' annual report|**2**|
|Independent examiner's report to the trustees|**5**|
|Statement of financial activities|**6**|
|Statement of financial position|**7**|
|Notes to the financial statements|**8**|
1
**Four Winds Trust**
**Trustees’ Annual Report**
## **Year ended 31 December 2021**
## **Reference and administrative details**
|**Registered charity name**|Four Winds Trust|
|---|---|
|**Charity registration number**|223794|
|**Principal office**|23 Three Elms Road|
||Hereford|
||HR4 0RH|
|**The trustees**|Mrs J L A Cadbury|
||Mr J N Gillett|
||Miss R Cadbury-Simmons|
||Theodora Cadbury|
||Michael Bull|
|**Secretary**|Mrs J L A Cadbury|
|**Independent examiner**|Ian Thompson, BA(Hons), FCA|
||4 Mason Court|
||Gillan Way|
||Penrith 40 Business Park|
||Penrith|
||CA11 9GR|
|**Stockbrokers**|Rathbone Greenbank Investments|
||10 Queen Square|
||Bristol|
||BS1 4NT|
|**Principal bankers**|CAF Bank Ltd|
||25 Kings Hill Avenue|
||Kings Hill|
||West Malling|
||Kent|
||ME19 4JQ|
2
**Four Winds Trust**
## **Trustees’ Annual Report**
## **Year ended 31 December 2021**
The trustees present their annual report with the financial statements of the charity for the year ended 31 December 2021. This report should be read in conjunction with the Trust Information given on page 2.
## **Objective of the charity**
The objective of the charity is best described in a statement made by Henry Cadbury, the founder of the Trust: “After twenty three years of life in Fleet Street and six months at Toynbee Hall in Whitechapel, I had always hoped that in some way any result of my work might be to give those living in cities a better chance to enjoy nature and the beauties of the countryside.”
## **Achievements and performance**
The main achievements in the year are the grants offered and paid out to support others to enjoy nature and the beauty of the countryside.
## **Financial review**
The charity is pleased with how the charity’s funds are being managed since changing stockbrokers to Rathbones. The income from these investments help to cover the expenditure incurred by the charity in the year.
## **Reserves policy**
The charity held £807,924 in total funds (2020: £725,274). The original endowment of £72,975 is classified separately. The funds have increased by a total of £79,650 in the financial year.
The charity holds a healthy bank balance of £44,313.
The level of reserves is monitored and reviewed by the trustees as necessary and at least once each year.
## **Structure, governance and management**
## **Governing document**
The charity is a registered charity and is governed by a constitution dated 18 June 1963.
## **Organisational structure**
The Four Winds Trust as a registered charity in England and Wales.
## **Method adopted for the recruitment and appointment of new Trustees**
The Trustees of the charity are determined by the trustees at the annual general meeting. The board of trustees is open to individuals who are interested in furthering the works of the charity and meet the approval of the current board of trustees.
3
**Four Winds Trust**
## **Trustees’ Annual Report**
## **Year ended 31 December 2021**
## **Trustees’ Responsibilities Statement**
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period.
In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the applicable Charities SORP;
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees' annual report was approved on .............................. and signed on behalf of the board of trustees by:
Jane Cadbury Secretary
4
**Four Winds Trust**
## **Independent examiner’s report to the trustees of Four Winds Trust**
## **Year ended 31 December 2021**
I report to the trustees on my examination of the financial statements of The Four Winds Trust ('the charity') for the year ended 31 December 2021.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or
2. the financial statements do not accord with those records; or
3. the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Ian Thompson BA(Hons), FCA Independent Examiner
4 Mason Court Gillan Way Penrith 40 Business Park Penrith CA11 9GR
5
**Four Winds Trust**
## **Statement of Financial Activities**
## **Year ended 31 December 2021**
|**Page**
**No.**
**Incoming resources**
Net dividends/interest
**9**
Bank interest
Realised investment gains
**Total income**
**Resources expended**
Charitable grants
**10**
Administration expenses
**11**
**Total expenditure**
Net income/(outgoing) resources before transfers
Unrealised gain/(loss) on investments
**13**
Fund balances brought forward at
01 January 2021
Fund balances carried forward at
31 December 2021|**Unrestricted funds**
**Totals**
**Totals**
**2021**
**2020**
**£**
**£**
8,175
7,107
-
25
20,219
(4,467)
28,394
2,665
15,383
18,538
8,769
8,996
24,152
27,534
4,242
(24,869)
78,408
83,950
725,274
666,193
807,924
725,274|**Unrestricted funds**
**Totals**
**Totals**
**2021**
**2020**
**£**
**£**
8,175
7,107
-
25
20,219
(4,467)
28,394
2,665
15,383
18,538
8,769
8,996
24,152
27,534
4,242
(24,869)
78,408
83,950
725,274
666,193
807,924
725,274|
|---|---|---|
|||2,665|
|||18,538
8,996|
|||27,534|
|||(24,869)
83,950
666,193|
|||725,274|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
6
## **Four Winds Trust**
## **Statement of Financial Position**
## **Year ended 31 December 2021**
|||**2021**|**2020**|
|---|---|---|---|
||**Note**|£|£|
|**Fixed Assets**||||
|Investments||765,267|654,421|
|**Current Assets**||||
|Cash in hand||44,313|72,943|
|**Creditors:** **amounts falling due within one year**|**3**|1,656|2,090|
|||---------------------------|---------------------------|
|**Net current assets**||42,657|70,853|
|||---------------------------|---------------------------|
|**Total assets less current liabilities**||807,924|725,274|
|||---------------------------|---------------------------|
|**Net assets**||807,924|725,274|
|**Funds of the charity**||||
|Original endowment||72,975|72,975|
|Accumulated revenue||734,949|652,299|
|||----------------------------|----------------------------|
|**Total funds at 31 December**||804,924|725,274|
These financial statements were approved by the board of trustees and authorised for issue on ........................, and are signed on behalf of the board by:
Mrs J L A Cadbury Secretary
7
**Four Winds Trust**
## **Notes to the Financial Statements**
## **Year ended 31 December 2021**
## **1. General information**
The charity is a registered charity in England and Wales and is unincorporated. The address of the principal office is 23, Three Elms Road, Hereford, HR4 0RH.
## **2. Statements of accounting policies**
The financial statements have been prepared under the historical cost convention. Credit is taken for the income from net dividends when received. Credit is also taken for the recoverable tax or transitional relief relating to those dividends in the year in which they are received.
Charitable grants are accounted for when paid. The Trust’s commitment to making grants in the future is infrequent and not material **.**
**3. Creditors: Amounts falling due within one year**
||**2021**|**2020**|
|---|---|---|
||**£**|**£**|
|Honorarium|-|500|
|Independent Examination and Accountancy|1,656|1,590|
## **4. Investments**
The Charities Act 2011 and the Charities (Accounts and Reports) Regulations 1995 require investments to be stated at their current market value.
The Trust’s stockbrokers, Rathbone Greenbank Investments, valued the investments at 31[st] December and this valuation has been incorporated into the Accounts, the resulting increase or decrease in the value (the unrealised gain or loss) has been shown on the Statement of Financial Activities for the year.
## **5. Trustee remuneration and related parties**
No trustee received any remuneration or reimbursement of expenses during the financial year.
There were no related party transactions in the financial year.
8
**Four Winds Trust**
## **Notes to the Financial Statements**
## **Year ended 31 December 2021**
## **Dividends/Interest earned**
|Renewables Infrastructure Gp
Kreditanst For Wie
Vestas Wind Systems
Rockwell Int
Experian PLC
Halma
FDM Group Holdings
BMO Funds
Octopus Renew Infra. Trust
Tomra Systems ASA
St Modwens
Legal and General
Rathbone Unit Trust
Royal London Unit Trust
Impax Environmental Markets
Aberdeen Standard Fund
Pictet Funds
Greencoat UK Wind
Prudential PLC
Intertek Group
Spirax - Sarco Engineering
Janus Henderson
Rabobank Nederland
Swiss Re AG
ASML Holdings
ASSA Abloy
Treasury 1% Gilt Bonds
Treasury Stock Interest
Home Reit Plc
Smith (DS) PLC
Coats Group PLC
Genuit Group PLC
Eco Fin US
Marshalls Group
Deutsche Barn Finance
Digital 9 Infrastructure
Lombard Odier Funds
£|603.11
105.00
57.20
107.92
89.06
111.19
232.20
332.17
375.35
57.54
136.50
609.45
774.45
471.27
332.86
262.84
68.40
479.74
83.52
185.15
153.76
37.57
270.00
224.87
72.65
79.38
122.00
87.47
165.00
435.60
252.51
140.80
92.53
89.10
281.25
105.00
90.00|
|---|---|
||8,174.41|
9
## **Four Winds Trust**
## **Notes to the Financial Statements**
## **Year ended 31 December 2021**
|**Charitable Grants**
Birmingham PHAB
Blyth Sea Scouts
Children's Adventurous Farm Trust
Children's Country Holidays
Clapham Common Boy
Community Links
Conservation Volunteer (H Bush)
Conservation Volunteer (S Grange)
Country Trust
Cudham Activty Centre
Derbyshire Wildlife Trust
Forest of Avon
Groundwork Sheffield
Hereford Wildlife Trust
John Muir Trust
Kind annual promise
Kind Liverpool
Kingswood Trust
New Routes Integration
Noah's Ark Children's Venture
Outward Bound Trust
Peter Le Merchant Trust
Royal Forestry
Sefton Children's Holiday Fund
Sheffield & Rotherham Wildlife Trust
St Andrews Youth Group
St Madoc Centre
St Werburghs City Farm
St Werburghs Farm CP
Sussex Wildlife
Swansea Comm
Sweet Tree Farming
Toynbee Hall
Trust Links Ltd
Warwickshire Wildlife Trust
Whirlow Hall Farm Trust
Wild in the City
Youth Trek Adventure
**Total**|**2021**
**2020**
**2019**
**2018**
**2017**
**2016**
1,444
1,000
1,080
675
1,350
1,224
1,000
2,000
1,500
400
1,250
1,500
1,500
1,000
1,000
1,000
1,000
1,000
1,000
1,500
1,500
1,500
1,500
1,500
1,500
1,400
1,320
1,320
1,000
1,000
1,000
1,000
1,000
3,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
2,000
1,491
1,444
750
1,000
750
1,000
1,000
1,000
1,000
1,092
1,000
1,068
1,044
1,044
1,000
400
500
500
500
500
1,000
1,500
1,200
1,200
1,200
1,000
1,000
1,000
1,000
950
1,000
1,250
1,000
1,100
1,100
1,100
1,000
1,000
1,000
1,000
1,000
1,000
1,500
1,000
1,000
500
400
1,000
1,000
750
770
1,000
1,000
400
500
400
400|
|---|---|
||**15,383**
**18,538**
**18,613**
**14,994**
**21,094**
**26,644**|
10
**Four Winds Trust**
## **Notes to the Financial Statements**
## **Year ended 31 December 2021**
## **Administration Expenses**
|**Administration Expenses**||
|---|---|
|Saint & Co Accountants
Rathbones Admin Fees
Bank Charges
ICO
Honorarium
Banked 23 March 2021 ICS|£
1,656
6,586
96
35
500|
||8,873
(104)|
||**8,769**|
11
**Four Winds Trust**
## **Notes to the Financial Statements**
## **Year ended 31 December 2021**
## **Purchase of shares**
|9,000
Deutsche Bahn Finance
19,000
BMO Inv Funds
7,000
Digital 9 Infrastructure
1,000
Lombard Odier Funds
75
Mirova Funds
2,639
Treasury Stock
5,631
Treasury Stock
20,000
Aberdeen Standard Fund
6,000
Harmony Energy Income
3,190
Home Reit PLC
£|10,477.78
25,289.00
7,000.00
10,429.20
7,559.25
2,639.87
5,250.55
12,720.00
6,000.00
3,477.10|
|---|---|
||90,842.75|
12
**Four Winds Trust**
## **Notes to the Financial Statements**
## **Year ended 31 December 2021**
## **Unrealised gains on investments**
|Opening Valuation
Add Purchase of Shares
Less Sale of Shares (at cost)
Value of Investments as at 31 December
2021
Unrealised gain on Investments (Page 4)
£|654,421
90,843|
|---|---|
||745,264
(58,405)|
||686,859
765,267|
||**78,408**|
13
**Four Winds Trust**
## **Notes to the Financial Statements**
## **Year ended 31 December 2021**
## **Sale of shares**
|**Name of Company**
40,000
Aberdeen Std Mgr
4,500
Impax Funds PLC
6,859
Lion trust Inv. Ltd
18
Jackson Financial Inc
2,500
Octopus Renew Infra
3,500
St Modwen Prop PLC
BMO INV Funds|**Proceeds**
**Cost**
**Profit/(Loss)**
24,668.00
24,064.70
603.30
10,719.00
6,873.14
3,845.86
20,338.91
9,613.00
10,725.91
354.50
0.00
354.50
2,837.93
2,542.63
295.30
19,600.00
15,312.00
4,288.00
105.36
0.00
105.36|
|---|---|
||**78,623.70**
**58,405.47**
**20,218.23**|
14
**Four Winds Trust**
## **Notes to the Financial Statements**
## **Year ended 31 December 2021**
## **Charitable Donations**
## **Name of Company**
|Country Trust
Toynbee Hall Champions
Outward Bound
Community Links Trust
Kingswood Trust
Royal Forestry
TCV Hollybush
Conservation Volunteer (S Grange)
Sheffield/Rotherham Wildlife Trust
St Andrews Centre
Kind
Forest of Avon Trust
Cudham Activity
Wild in The City
£|1,400
400
1,092
2,000
1,491
500
1,000
1,500
1,000
1,000
1,000
1,000
1,000
1,000|
|---|---|
||15,383|
15