2021-06-30-accounts - The Shaw Lands Trust

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Registered Charity Number 224590

THE SHAW LANDS TRUST

BARNSLEY

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2021

THE SHAW LANDS TRUST

FINANCIAL STATEMENTS

YEAR ENDED 30 JUNE 2021

	PAGES
Legal and administrative information	1
Annual report of the Trustees	2
Independent examiner's report to the Trustees	4
Statement of financial activities	5
Balance Sheet	6
Notes to the financial statements	7

THE SHAW LANDS TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

YEAR ENDED 30 JUNE 2021

THE BOARD OF TRUSTEES
Ex-officio	The Worshipful the Mayor
Representative trustees	M Price
	Cllr K Mitchell
	T Sheard
	Cllr J Hayward
	Cllr K Richardson
	Cllr K Williams
	Cllr N Sumner
	Cllr C Pickering
Co-optative trustees	Mr J S Bostwick
	Mr M R Bird
	Mrs A C Fletcher
	Mr B R Eldred
	Dr E Norris
	Mr T E West
	Mrs E Worth
	Miss J Leech
CLERK	Mrs J Leece
	c/o Newman & Bond Solicitors
	35 Church Street
	Barnsley
	S70 2AP
INDEPENDENT EXAMINERS	Gibson Booth
	Chartered Accountants
	And Statutory Auditors
	New Court
	Abbey Road
	Shepley
	Huddersfield
	HD8 8BJ
BANKERS	Barclays Bank plc
	23 Queen Street
	Barnsley
	S70 1RJ
STOCKBROKERS	Investec Wealth and Investment Limited
	Quayside House
	Canal Wharf
	Leeds
	LS11 5PU

THE SHAW LANDS TRUST

ANNUAL REPORT TO THE TRUSTEES

YEAR ENDED 30 JUNE 2021

The Board of Trustees have pleasure in presenting their report and the financial statements of the Charity for the year ended 30 June 2021.

The legal and administrative information set out on page 1 forms part of this report.

STRUCTURE , GOVERNANCE AND MANAGEMENT

Governing document

The Charity is governed by its Trust Deed and is registered with the Charity Commission (number 224590) .

Organisation structure

The Trustees meet twice a year in April and October in order to consider applications for assistance. The Chairman has the delegated responsibility to consider applications which, because of their nature, require an immediate response. The day to day activities of the Charity are dealt with by the Clerk to the Charity.

Clerk

The administration of the charity is conducted by its clerk, Mrs J Leece, of Messrs Newman & Bond, who receives an annual remuneration of £3,800 plus VAT and disbursements.

OBJECTIVES AND ACTIVITIES

The objective of the Charity is to apply its income for two clearly defined purposes, namely:

The payment of not less than two thirds of its income in supporting and maintaining prescribed local institutions and charities in the Ancient Township of Barnsley, and
2 The payment of not more than one third of its income in awarding scholarships, bursaries, maintenance allowances or grants for certain specified educational purposes to beneficiaries being persons who have not attained the age of 25 years, who are resident within the Barnsley Metropolitan Borough, or have for not less than two years been in attendance at any school within the Barnsley Metropolitan Borough and who, in the opinion of the Trustees, are in need of financial assistance.

The trustees have considered the Charity Commission's general guidance on public benefit.

ACHIEVEMENTS AND PERFORMANCE AND FINANCIAL REVIEW

The Statement of Financial Activities shows net expenditure of £4,065 (2020: income of £25,535), with the Charity's investment portfolio showing an increase in market value of £208,045 (2020: decrease of £104,022) over the year. Details of shares sold during the year are provided in note 7 to these accounts, realising a profit of £7,505 (2020: loss of £4,573).

The grants and donations made in the year to 30 June 2021 were:

Fixed grants Additional grants Education awards	2021 2020 £ £ 110 85 26,674 24,850 11,800 11,000 38,584 40,629

Further details of grants and donations made during the year are included in notes 3 to 5 to these accounts.

Grant making policy

In considering grants to locally based charities, preference is usually given to charities working with, or for, young people. Each charity's accounts are carefully scrutinised before a decision upon an award is taken. In considering educational grants, the financial circumstances of each applicant is considered and preference given to applicants whose parental income is low.

THE SHAW LANDS TRUST

ANNUAL REPORT TO THE TRUSTEES

YEAR ENDED 30 JUNE 2021

Investment policy

The charity's monies may be invested at the Trustees discretion and without limitation. The Trustees employ the stockbrokers Investec Wealth and Investment Limited to manage their investment portfolio.

Reserves policy

The trustees do not believe that it is necessary to have surplus funds since all management and administration costs of the charity are covered by investment income received.

THE TRUSTEES

The trustees who served the charity during the year were as follows:

The Worshipful the Mayor (ex-officio)

M Price Cllr K Mitchell T Sheard Cllr J Hayward Cllr K Richardson Cllr K Williams Cllr N Sumner

The following served as co-optative trustees:

Mr J S Bostwick

Mr M R Bird Mrs A C Fletcher Mr B R Eldred Dr E Norris Mr T E West Mrs E Worth Miss J Leech

Signed on behalf of the Board of Trustees by:

MR J S BOSTWICK Trustee

Approved by the trustees on 26 October 2021

THE SHAW LANDS TRUST

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES

YEAR ENDED 30 JUNE 2021

I report to the charity trustees on my examination of the accounts of the charity for the year ended 30 June 2021 which are set out on pages 5 to 12.

As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charity Act 2011 ('the Act').

I report in respect of my examination of the charity's accounts carried out under section 145 of the 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:-

accounting records were not kept in respect of the charity as required by section 130 of the Act; or
the accounts do not accord with those records; or
the accounts 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.

RICHARD UMBERS FCA Independent examiner

For and on behalf of GIBSON BOOTH Chartered Accountants And Statutory Auditors New Court Abbey Road North Shepley Huddersfield HD8 8BJ

6 December 2021

THE SHAW LANDS TRUST

STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 30 JUNE 2021

Note
Investment income
Narrower range
2a
Wider range
2b
Bank interest
Donations receivable
Total income
EXPENDITURE ON:
Charitable activities
Grants payable in furtherance of the charity's objects:
Fixed grants
3
Additional grants
4
Education awards
5
Governance costs:
Stockbrokers' fees
Insurance
Professional fees
Accountancy
Total expenditure
NET (EXPENDITURE)/INCOME
Realised profit/(loss) on disposal of investments
7
Unrealised profit/(loss) on revaluation of investments
7
NET MOVEMENT IN FUNDS
Total funds brought forward
Total funds carried forward

2021
2020
£
£
752
4,056
47,836
50,047
3
259
48,591
54,362
-
22,076
48,591
76,438
110
85
26,674
24,850
11,800
11,000
38,584
35,935
8,071
7,990
168
168
4,560
5,586
1,272
1,224
14,071
14,968
52,655
50,903
(4,065)
25,535
7,505
(4,573)
208,045
(104,022)
211,485
(83,060)
1,705,366
1,788,426
1,916,851
1,705,366

All movements are in Unrestricted Funds

The notes on pages 7 to 12 form part of these accounts

THE SHAW LANDS TRUST

BALANCE SHEET

YEAR ENDED 30 JUNE 2021

Note INVESTMENTS Narrower range 7a Wider range 7b CURRENT ASSETS Bank current account Bank deposit accounts Dealing account CURRENT LIABILITIES Professional fees Accountancy fees NET CURRENT ASSETS NET ASSETS FUNDED BY Unrestricted funds	2021 £ 19,547 1,783,269 1,802,816 104,234 13,820 2,149 120,203 4,920 1,248 6,168 114,035 1,916,851 1,916,851	2020 £ 20,333 1,532,451
		1,552,784 100,318 13,817 44,591
		158,726
		4,920 1,224
		6,144
		152,582
		1,705,366
		1,705,366

These accounts were approved by the Board of Trustees on the 26 October 2021 and are signed on their behalf by:

MR J S BOSTWICK Trustee

The notes on pages 7 to 12 form part of these accounts

THE SHAW LANDS TRUST

NOTES TO THE ACCOUNTS YEAR ENDED 30 JUNE 2021

1 GENERAL INFORMATION

The Shaw Lands Trust is an unincorporated charity registered in England and Wales. The address of the principal office is 35 Church Street, Barnsley, S70 2AP. The trust constitutes a public benefit entity as defined by FRS 102.

2 STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland issued on October 2019 and the Charities Act 2011.

3 ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on a going concern basis under the historical cost convention as modified by the revaluation of certain financial assets measured at fair value through income and expenditure. The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest £. The significant accounting policies consistently applied in the preparation of these financial statements are set out below.

Going concern

There are no material uncertainties about the charity's ability to continue.

Incoming resources

Investment income is accounted for in the period in which the charity is entitled to receipt.

Resources expended

Expenditure is included on an accruals basis, inclusive of VAT.

Grants payable are charged in the period when the offer is conveyed to the recipient.

Management and administration comprises costs for the running of the charity itself as an organisation.

Realised and unrealised gains on investment assets

Realised gains are derived by deducting the fair value of an investment at the start of the period from the sale proceeds received.

Unrealised gains relate to the movement in the fair value of the charity's investment portfolio from the previous to the current balance sheet date.

Investments

Investments are stated at fair value.

THE SHAW LANDS TRUST

NOTES TO THE ACCOUNTS

YEAR ENDED 30 JUNE 2021

2 INVESTMENT INCOME

a Narrower range 3 3/4% Treasury Stock 2019 4% Treasury Stock 2022 Keystone Inv Trust plc 7 3/4% 2020 b Wider range Aberdeen UT Mgrs Asia Pacific Astrazeneca Group plc Astrazeneca plc Aviva Investors Fund Barclays Bbgi Sivac S.a. Ord BHP Billington plc BHP Billiton plc Blackrock Smaller Companies Trust Blackrock Sm Comp BP plc BP plc Charities Property Fund Charities Property Fund Diageo plc Diageo plc Experian Group Experian Group FIL Investment Services (UK) FIL Investment Services (UK) First State Investments Stewart inv Asia Pacific GlaxoSmithKline plc GlaxoSmithkline plc Henderson Investment HICL Infrastructure Ltd HICL Infrastructure HSBC Holdings plc HSBC Holdings plc INT Public Partner INT Public Partner Ord Johnson Matthey Johnson Matthey JP Morgan Asset Management UK JP Morgan Jupiter UT Lloyds Banking Group Lloyds Banking M&G Plc Natwest Picton Property Inc Picton Prop Polar Capital Polar Capital Primary Hlth Prop Prudential Corp plc Prudential Corp plc Rio Tinto plc Rio Tinto plc Royal Bank Of Scotland Group plc Royal Dutch Shell Royal Dutch Shell Royal London Schroder plc Schroder plc Smiths Group plc Smiths Group plc Smith & Nephew Smith & Nephew SSE Plc Tesco Tesco The Renewables UK Commercial Property UK Commercial Unilever plc Unilever Plc Verizon Verizon Commun Vodafone plc Whitbread plc Whitbread plc WPP Group plc WPP Group plc	2021 £ - 752 - 752 1,467 1,108 368 43 1,149 1,266 731 1,505 991 701 625 2,571 268 1,451 536 3,372 782 2,835 322 869 1,885 42 524 38 973 462 1,002 376 2,818 - 1,289 3,298 1,323 716 433 1,608 3,304 1,403 709 934 449 1,114 - 173 47,836	2020 £ 358 752 2,946
		4,056
		1,574 1,255 - - 1,120 1,438 288 1,825 1,054 695 774 2,395 332 1,828 613 1,936 1,716 935 547 894 1,668 82 453 - 1,081 496 985 1,072 2,644 178 2,886 2,452 1,529 487 498 1,844 144 1,378 894 717 906 1,040 4,356 1,038
		50,047

10 -

THE SHAW LANDS TRUST

NOTES TO THE ACCOUNTS

YEAR ENDED 30 JUNE 2021

3 FIXED GRANTS

3	FIXED GRANTS
			2021	2020
			£	£
	Barnsley & Distict General Hospital		25	-
	St Mary's Church, Barnsley		35	35
	The Governors of Holgate School, Barnsley		50	50
			110	85
4	ADDITIONAL GRANTS
			2021	2020
			£	£
	Voted and distributed
	148 Barnsley Squadron Air Tarining Corps	148 Barnsley Sq	1,500	1,500
	Barnardos		1,000	1,000
	Barnsley Army Cadet Force	Barnsley Army C	2,250	750
	Barnsley Sea Cadets		1,000	1,500
	Barnsley Beacon Support & Svc		1,500	500
	Barnsley Blind & Partially Sighted		1,500	1,500
	Barnsley Central Girl Guiding Association		-	(750)
	Barnsley District Talking Newspaper		1,500	1,500
	Barnsley MBC Scouts		2,250	1,500
	Barnsley Independent Alzheimers & Dementia Society		1,000	1,500
	Barnsley Museums & Heritage Trust		500	500
	Barnsley Samaritans		1,500	2,500
	Barnsley Theatre Trust		1,000	1,000
	Centrepoints		-	1,500
	Dial Barnsley	Dial Barnsley	-	500
	Educational Learning Support Hub		1,000	-
	FareShare Yorkshire		1,000	1,000
	Grimethorpe Activity Zone		1,000	1,000
	Listening Books		900	900
	Music in the Round		1,000	1,000
	Parkinson's UK Barnsley & District Branch		-	1,500
	React	React	574	-
	RSPB		-	1,000
	SSAFA		500	500
	Station House Community Association		-	250
	The Exodus Project		1,200	1,200
	TADS		1,000	-
	The Cooper Art Gallery		1,000	-
	The Shaw Lane Foundation		1,000	-
			26,674	24,850

11 -

THE SHAW LANDS TRUST

NOTES TO THE ACCOUNTS

YEAR ENDED 30 JUNE 2021

5 EDUCATION AWARDS

EDUCATION AWARDS
A Drury C Fisher C L Fisher C Johnson D J McCutcheon E J Akeister E Schofield J Armitage K Hadfield L J Bailey M I Ellis-Parkinson E Crowther E Flewitt-Tilston M Greenhalgh Y Schofield J Sutton L Horn Y Jackson	2021 £ - - 1,000 1,000 - - 1,000 500 1,000 1,000 1,000 1,000 500 500 1,000 1,000 300 1,000 11,800	2020 £ 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 - - - - - - -
		11,000

6 STAFF COSTS AND TRUSTEES' REMUNERATION

There were no employees of the Charity during the year.

Trustees received no remuneration and were not reimbursed for any of their expenses in the year.

12 -

THE SHAW LANDS TRUST

NOTES TO THE ACCOUNTS

YEAR ENDED 30 JUNE 2021

7 INVESTMENTS Market value of investments brought forward Acquisitions at cost Sale proceeds from disposal Realised profit/(loss) on disposal of investments Unrealised profit/(loss) on revaluation of investments Market value of investments carried forward	2021 2020 £ £ 1,552,784 1,706,935 136,911 55,431 (102,430) (100,987) 7,505 (4,573) 208,045 (104,022) 1,802,816 1,552,784

The realised profit on disposal of investments is analysed as follows:

Astrazeneca Group plc Diageo Plc Experian Group GlaxoSmithKline plc M&G Plc Polar Capital Technology Trust plc Threadneedle Investments UK Verizon WPP Group plc No. a Narrower range 4% Treasury Stock 2022 18,800 £ No. b Wider range Aberdeen UT Mgrs Asia Pacific 47,000 Astrazeneca Group plc 515 Aviva Investors 15,500 Baillie Gifford American 1,875 Barclays Plc 4,316 Bgbi Sivan S.a Ord 16,000 BHP Billington plc 1,100 Blackrock Smaller Companies Trust 2,250 BP plc 7,500 Charities Property Fund 20,108 Diageo plc 825 Experian Group 1,475 FIL Investment Services (UK) 78,580 Findlay Park Funds Plc 410 First State Investments 2,550 First State Investments Stewart Asia Pacific 15,250 GlaxoSmithKline plc 1,650 GLG Investments 120 Henderson Global Investments 47,203 Hicl Infrastructure Co Ltd 46,500 HSBC Holdings plc 7,250	Cost at 30.06.21 £ 19,612 19,612 Cost at 30.06.21 £ 35,940 - 24,926 31,123 - 22,715 10,946 10,293 34,467 25,295 4,014 7,924 76,427 16,287 11,647 32,776 6,093 21,805 35,707 71,228 51,763	Proceeds £ 4,999 5,018 9,807 4,916 5,925 20,181 15,019 25,174 11,392 102,430 MV at 30.06.21 £ 19,547 19,547 MV at 30.06.21 £ 50,102 44,720 28,554 37,500 7,388 28,176 23,433 44,190 23,627 25,415 28,555 41,116 80,937 53,561 15,839 47,263 23,422 23,726 58,956 77,144 30,252	Market value £ 5,053 4,559 9,022 5,646 4,816 18,847 11,446 24,626 10,909 94,924 Cost at 30.06.20 £ 19,612 19,612 Cost at 30.06.20 £ 35,940 - - - - 22,715 10,946 10,293 34,467 25,295 4,841 9,643 76,427 16,287 11,450 32,776 7,367 21,805 35,707 52,075 51,763	Gain/ (loss) £ (54) 458 784 (730) 1,109 1,334 3,573 548 483
				7,505
				MV at 30.06.20 £ 20,333
				20,333
				MV at 30.06.20 £ 44,509 48,424 - - - 26,112 18,197 28,755 23,038 24,722 26,686 50,610 80,073 43,527 13,364 37,657 32,646 16,684 48,949 60,842 27,441

13 -

THE SHAW LANDS TRUST

NOTES TO THE ACCOUNTS

YEAR ENDED 30 JUNE 2021

7 INVESTMENTS (continued) No. INT Public Partner 50,250 JP Morgan Asset Management UK 32,317 Johnson Matthey 630 Lloyds Banking Group plc 7,327 M&G plc - Primary Hlth Prop 17,132 Old Mutual Fund Managers 30,587 Picton Property Inc 33,250 Polar Capital Technology Trust plc 3,325 Polar Capital Fund Emerging Mkts Inc 945 Polar Capital Funds 1,280 Prudential Corp plc 2,875 RBS (Luxembourg) 4,550 Relx Plc 725 Rio Tinto plc 690 Royal Bank Of Scotland Group plc 1,268 Royal Dutch Shell 2,620 Royal London 65,250 Schroder plc 54,284 Scottish & Southern Energy plc 2,000 Sdcl Energy 22,500 Smiths Group plc 1,533 Smith & Nephew 1,565 Tesco 4,302 The Renewables Infrastructure Group 25,000 Threadneedle Investments UK 16,175 UK Commercial Property 27,750 Unilever plc 630 Verizon - Vodafone plc 13,825 Whitbread plc 700 WPP Group plc -	Cost at 30.06.21 £ 76,949 17,083 10,389 38,160 - 17,656 18,023 13,123 2,385 10,137 9,219 - 47,434 12,468 7,405 - 17,344 89,697 34,576 14,126 25,095 12,827 7,396 17,959 26,872 12,557 22,494 11,521 - 28,754 5,147 - 1,138,172	MV at 30.06.21 £ 83,968 43,725 19,363 3,421 - 26,358 65,977 29,027 78,769 11,224 34,291 39,481 47,821 13,911 41,052 2,576 36,656 95,004 43,205 30,005 26,269 24,379 24,457 9,590 32,075 40,230 21,270 26,654 - 16,777 21,858 - 1,783,269	Cost at 30.06.20 £ 58,101 17,083 10,389 38,160 - 17,656 17,788 13,123 3,049 10,137 9,219 - 47,434 - 7,405 - 17,344 89,697 34,576 14,126 12,827 7,396 17,959 21,686 16,866 22,494 11,521 13,023 28,754 5,147 16,104 1,038,861	MV at 30.06.20 £ 65,559 35,549 13,214 2,284 4,816 26,812 48,083 22,593 86,594 9,110 25,421 35,039 47,821 - 31,386 1,542 32,082 92,394 35,458 27,295 21,604 23,565 12,434 26,290 40,320 16,622 27,440 24,626 17,816 15,537 10,909
				1,532,451

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