2022-03-31-accounts - The Sir James And Lady Scott Trust

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More than 80% of the charities	More than 80% of the charities	who applied	to the Trust for funding	to the Trust for funding	to the Trust for funding	in the year	were successful	were successful	in
receiving s grant, albeit	not always to the		level requested.	The		table below	ifiustrates how		this
compares to the previous	four	years. Ths range of beneficiaries			in	this year were as varied		as ever
(please see note 16on page 19for details).
Grants to Charitable Organ(aetio ns		FY2021/22	FY2020I21			FY2019/20	FY2918/19	FY201TI18
Number ofapplications considered		12	14			18	15		20
Total amount offunds uested		f57,840	f53,551			f40,720	f36,516		f97,316
Number ofgrants awarded		10(including extraordinary	9(including extraordinary			13	10	12(including extraordinary
		rant	rant						grant
Amount ofgrants swarded		f53,000	E41,026 (induding extraordinary			E23,850'	E18,120		E16,678
			rant
Extraordinary grant		f30,000							f30,000
Percentage ofapplications awarded rants		83%				72%d	66%		60%
Average grant size (exduding extraordinary grants)		E2,555	E2,628			E1,834	E1,812		E1,516

							Permanent
							Endowment	Income	Total	Total
						Notes	fund	funds	2022	2021
							F	8	5	E
Fixed assets
Investments
- Endowment		fund				11a	3,119,577		3,119,577	2,963,684
- Income invested			fund			11b		571,730	571,730	570,918
							3,119,577	571,730	3,691,307	3,534,602
Current assets
Cash						12		52,657	52,657	45,759
Debtors						13		223	223
								52,880	52,880	45,759
Creditors: Net current	Amounts falling due within one year (liabilities)/assets					14	~3824) ~3,624	~70,285 42,595	~74,700 38,771	~19,971 25,786
Total assets		less	current		liabilities		3,115,753	614,325	3,730,078	3,560,390
Creditors:	Amounts			falling	due after more
than one	year
Total net assets							3,115,753	614,325	3,730,078	3,560,390
Funds						15	3,115,753	614,325	3,730,078	3,560,390

				Permanent
				Endowment		Income		Total
				fund K		funds f		2021f
Income
Investment Income						58,372		58,372
Total Income						58,372		58,372
Expendkure
Costs ofraising funds Investment management		costs		~44, 404	~430		~40234
Expenditure on cbarilsbis		activities
Gmnt making
Grants committed Grant related support/governance			costs			(52,738) . 7604	(52,738) ~42 046
						70,684		70,684
Total expenditure				~14.104		70,814		&4,918
Net profrtsf(losses)	on investments			459,619		114,640		574,259
Net income/(expenditure)				445.515		102,198	547,713
Reconcglatlon of	funds
Total funds brought Total funds carried	forward forward			2,514,458 2009973,	.	498,219 600417	3012677 3. D, 9D

Investments
a) Endowment fund
					2022	2021
					2	2
Market value at beginning		ofyear			2,925,371	2,262,858
Acquisitions atcost					1,165,059	1,002,801
Disposal proceeds					(1,156,503)	(799,907)
Net (losses)/gains on revaluation					171,290	459,619
Market value at end	ofyear				3,105,217	2,925,371
Uninvested cash and	settlements		pending		14,360	38,313
					3.119577	2,963,684
Investments at market value comprise
					2022	2021
					2	2
Fixed interest					280,506	163,187
Multi-asset					802,759	835,042
Alternative investments					'l78,483	117,960
Global equities					900,639	824,428
UK equities					441,792	538,317
Overseas equities					501 038	446,437
					3,105,217	2,925,371
Historical cost at end	otyear				2.200 309	2,080,359
b) Income invested tund
					2022	2021
					2	2
Market value at beginning		ofyear			568,197	475,780
Acquisitions at cost
Disposal proceeds					(26,615)	(22,223)
Net (losses)/gains on	revaluation				25,900	114040
Market value at end	ofyear				567,482	568,197
Uninvested cash and	other settlements			pending	4240	2,721
					571,730	570,918
Investments at market value		comprise
					2022	2021
Multi-asset					567,482	568,197
Historical cost at end	of year				302,085	315,577

All Investments investments.	are ei	th	er listed	on UK orov	erseas st	ock exchanges, or valu	ed by retersnce to s
						2022 2	2021f
Material Investments		are:
Carvetlan Generation			Fund			1,218,142	1,191,823
Stramongate	SA Shares					524,030	521,945
The Trustees	conskkrr		individual	investmerri	holdings	in excess of514ofthe	portfolio value to be
materiaL

15	Analysis offund movements	Analysis offund movements	Analysis offund movements
				Balance at	Incoming	Resources		Gain on	Balance al
				31stMarch	resources	expended		Investments	31stMarch
				2021						2022
	Permanent Endowment	Fund		2 2959 973	6	2 ~5		2 000	3	2
	Income Funds Income Invested Fund Income reserves			572,227 600,417 0,5 300	65,319 05	(36,888) ~00 (77,311) ~		25,900 - 25,900 . 00	561,239 . 80 614,325 .58.
	The restrictions imposed	and the purpose of each			fund is set out in accounting pohcy			note 1(f)on	page	12.
				Balance al	Incoming	Resources		Gain on	Balance st
				31stIdmch	resources	expended	Invssbnents		31stMarch
				2020						2021
				2	2	2		2		2
	Permanent Endowment	Fund		2514458				5		0
	Income Funds
	Income Invested Fund Income reserves			484,605		(27,018)		114,640		572,227
				498,219	58,372	(70,814)		114,640		600,417
16	schedule ofGrants Committed
								2022		2021
	Charitable Organlsations							2		2
	Bolton Lads &Girls Club Bolton Community Kitchen Bolton CVS Bolton Deaf Society Bolton Guild of Help Bolton Solidarity Community Sollon YMCA		Association					1,500 3,000 3,000 30.000		5,776 20,000 3,000 3,000
	Christians Against Poverty Christians Against Poverty Church Homeless Trust Deafglind UK Fortslice Ltd Good Companions Hafway High Hopes For Halliwell		(Horwich) (Hslliwell)					3,000 2,000 3,000 3,000		2,500 1,500 1,000 2,000 2,250
	Reach Family Project							3,000
	lrrdlvldvsfs							53,000		41,026
	Payments made to former	employees		of members	ofthe family cfthe Settlor		~10621		~II 712
								63,621	~52738