##
##
##
|CONTENTS|||PAGE|
|---|---|---|---|
|Trustees Annual|Report||2-7|
|Auditors
Report|||8-9|
|Statement ofFinancial||Activities|10|
|Balance Sheet||||
|Notes to the Financial||Statements|12- 17|
##
##
##
##
##
|uring the year 2021,th|e follo|wing
served as T|rustees:|rustees:|
|---|---|---|---|---|
|Re resentative ofEm|lo ers:||Re resentative ofEm lo ees:||
|Michael Glover Bartle|||Alan Paul Robinson||
|Keith Ronald Garbett|(retired|March 2021)|Peter John Richard|Booth|
|Adrian George Abel|||Peter Reid||
|Malcolm Douglas Jarvis|||Robert Christopher|Trotter|
|Peter John Davey (appointed||March 2021)|||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||2021|2021|2021|2020|
|---|---|---|---|---|---|---|---|
|||||UNRESTRICTED|RESTRICTED|TOTAL|TOTAL|
|||||FUNDS|FUNDS|FUNDS|FUNDS|
|INCOME AND ENDOWMENTS||||||||
|Incoming Resources from Generated||Funds:||||||
|Investment
Income||||340815||340815|321961|
|TOTAL INCOME||||340815||340815|321961|
|EXPENDITURE||||||||
|Costs ofGenerating
Funds:||||||||
|Investment
Management
Costs||||5023||5023|4724|
|Charitable
Activities||||286815||286815|361683|
|TOTAL EXPENDITURE||||291838||291838|366407|
|NET INCOME/
EXPENDITURE
YEAR|FOR THE|||48977||48977|(44446)|
|OTHER RECOGNISED LOSSES||||||||
|Gain/(loss)
on Investment
Assets|||10|762101||762101|~1241534|
|NET MOVEMENT IN FUNDS||||811078||811078|(1285980)|
|RECONCILIATION
OF FUNDS||||||||
|TOTAL FUNDS BROUGHT FORWARD AT||||||||
|1STJANUARY 2021||||5652243|790970|6443213|7729193|
|TOTAL FUNDS CARRIED FORWARD
AT 31STDECEMBER 2021||||6463321|790970|7254291|6443213|
##
|AS AT31STDECEMBER|2021|||||
|---|---|---|---|---|---|
|||UNRESTRICTED|RESTRICTED|TOTAL|TOTAL|
||NOTES|FUNDS|FUNDS|2021|2020|
|FIXEDASSETS||||||
|Investments||6668920|790970|7459890|6699010|
|CURRENT ASSETS||||||
|Debtors|11|39080||39080|47106|
|Cash at Bank and in Hand|12|134025||134025|63753|
|TOTAL CURRENT ASSETS||173105||173105|110859|
|LIABILITIES||||||
|Creditors: Amounts
Falling
Due Within One Year|13|77361||77361|37130|
|NET CURRENT ASSETS||95744||95744|73729|
|TOTAL ASSETSLESS||||||
|CURRENT LIABILITIES||6764664|790970|7555634|6772739|
|Creditors: Amounts
Falling
Due After More Than One|14|301343||301343|329526|
|Year||||||
|TOTAL NET ASSETS||6463321|790970|7254291|6443213|
|FUNDS|16|6463321|790970|7254291|6443213|
##
##
##
##
##
##
##
##
##
##
##
|INVESTMENT INCOME|INVESTMENT INCOME||2021|2020|
|---|---|---|---|---|
|Interest
Dividend|on UK Gilt Edged Securities and Fixed Interest Unit Trusts
on UK M &G Securities Charifund
Income||24061
316752|27144
294811|
|Interest|on Cash Deposits||2|6|
||||340815|321961|
##
|FO|R THE YEAR|ENDED 31STDEC|EMBER2021 Continued||||
|---|---|---|---|---|---|---|
||||||2021|2020|
|3.|INVESTMENT MANAGEMENT||COSTS||||
||Stockbrokers|Fees|||5023|4724|
|4.|ALLOCATION
OF SUPPORT COSTS AND OVERHEADS|||**T**
1
otal|Charitable
Activities|Governance
Costs|
||StaffCosts|||27897|18599|9298|
||Office Costs|and Overheads||2497|1513|984|
|||||30394|20112|10282|
|5.|CHARITABLE ACTIVITIES||||2021|2020|
||StaffCosts||||18599|17855|
||Office Costs|and other Overheads|||1513|1936|
||Convalescent|Scheme Costs|||49837|36897|
||Grants payable —see note 6||||192965|283202|
||Governance|Costs —see note 7|||23901|21793|
||||||286815|361683|
##
##
|GRANTS PAYABLE|GRANTS PAYABLE||||2021|2020|
|---|---|---|---|---|---|---|
|a)|Children's
Adventure
Farm|Trust|||29500|32682|
|b)|Broughton
House|||||25000|
|c)|Leeds University
Debbie Bamford||||2250||
|d)|Medi Equip 4Kids||||5550||
|e)|B.I.D.S.|||||3000|
|f)|Bradford Textile Society||||4000|4000|
|g)
h)|British Textile Biannial
Donations to 26 regional Food Banks||||8000|102000|
|i)|Brathay Trust||||5000||
|j)
k)|Booth Centre
Accrington
Stanley Community||Trust||10000|14000|
|l)|Burnley Weavers Triangle|||||500|
|m)|The Kirkwood||||5000||
|n)|Seashell Trust||||25000||
|o)|Boomerang
Play Centre|||||18000|
|p)
q)
r)|Stroudwater
Textile Trust
Orchid
SEN Manchester||||6000
5000|1000|
|s)|Manchester
University||||15000||
|t)|Hens haw||||2500||
|u)|Francis House Children
Hospice|||||5000|
|v)|Huddersfield
Textile Centre|ofExcellence|||40000||
|w)|Derby TocH Children's
Camp||||10000|10500|
|x)|The Canal &River Trust|||||8000|
|y)
z)|University ofBolton
Bury Amateur
Athletic Football||Club||2000|7500|
|aa)|Blesma||||10000||
|ab)|Chrysalis
Holiday||||5000||
|ac)|Little Hearts Matter||||4000|4000|
|ad)
ae)|Textile Conservation
Foundation
Royal School ofNeedlework|||Sebastian Blue Pin|4000|4000
3000|
|af)|Salford Children's
Holiday|Camp||||40000|
|ag)
ah)|Lancashire
Textile Manufacturer's
Section 12(1)Grants
1 individual|||Association
(2020: 1)|(5835)
1000|1020|
||||||192965|283202|
##
|COTTON I
ES TO THE
THE YEAR|NDUSTRY WAR MEMORIAL TRUST
FINANCIAL STATEMENTS
ENDED 31STDECEMBER 2021 Continued|||
|---|---|---|---|
|||2021|2020|
|RECONCILIATION
OF GRANTS PAYABLE||||
|Commitments|at 1stJanuary 2021|||
|Commitments|Made in the Year|192965|283202|
|Commitments|Met|(152965)|(283202)|
|Commitments|at 31stDecember 2021|40000||
##
##
|7.|GOVERNANCE COSTS|GOVERNANCE COSTS||||
|---|---|---|---|---|---|
||StaffCosts|||9298|8926|
||Office Costs and Other Overheads|||984|981|
||Auditors|Fees for Audit Services||4718|4578|
||Auditors|Fees for Other Services||7528|7308|
||Costs of|Meetings||1373||
|||||23901|21793|
|8.|STAFF|COSTS AND TRUSTEES' REMUNERATION||||
||Salaries|||27897|26781|
||Social Security Costs|||||
|||||27987|26781|
||The average number ofemployees||during the year was|||
##
|FIXEDASSETINVESTMENTS|FIXEDASSETINVESTMENTS||||
|---|---|---|---|---|
|Movement
in fixed asset investments|||2021|2020|
|Market value at 1stJanuary|2021||6699010|7940544|
|Add: Investments
in Year at|cost||72429||
||||6771439|7940544|
|Less: Investments
Realised|in Year||73650||
||||6697789|7940544|
|Add/Less:
Net Investment|Gains/(Losses)|in Year (Note 10)|762101|~1241S34|
|Market value at 31stDecember 2021|||7459890|6699010|
|Cost at 31stDecember 2021|||1944228|1972222|
|Investments
at market value|com rised:||||
|Equities|||6780435|5969154|
|Fixed Interest securities|||679455|729856|
||||7459890|6699010|
||All investments
were held
in the UK.
At 31st Dec
more than 5%ofthe portfolio by market value|ember 2021, the|following
investment|represented|
|---|---|---|---|---|
||M &G Securities Ltd —Charifund
units||6780435|5969154|
|10.|GAINS/ LOSSES ON INVESTMENT ASSETS||||
||Realised Losses on Disposal of Investment
Assets||(2545)||
||Change
in Unrealised
Gains/(Losses)
on Investment|Assets|764646|(1241534)|
||NETINVESTMENT GAINS/ LOSSES||762101|(1241534)|
##
##
|DEBTORS|||
|---|---|---|
|Prepayments
Accrued Income|1217
37863|1688
45418|
||39080|47106|
|12.|CASH AT BANK|AND|IN HAND|IN HAND|2021|2020|
|---|---|---|---|---|---|---|
||General Accounts||||100197|44729|
||High Interest Business Reserve|||Account|33800|19024|
||Cash in Hand||||28||
||||||134025|63753|
|13.|CREDITORS: Amounts||Fallin|Due Within One Year|||
||Accruals||||49178|8947|
||Pension Provision|(note|15)||28183|28183|
||||||77361|37130|
|14.|CREDITORS: Amounts||Fallin|Due After More Than One Year|||
||Pension Provision|(note|15)||301343|329526|
||||||301343|329526|
##
##
##
##
##