## **THE CHARITY OF STELLA SYMONS**
## **ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2021**
**The MGroup Partnership Chartered Certified Accountants Cranbrook House 287-291 Banbury Road, Oxford OX2 7JQ**
**Charity Number: 259638**
**THE CHARITY OF STELLA SYMONS**
## **ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2021**
|**CONTENTS**|**PAGES**|
|---|---|
|Charity information|1|
|Report of the trustees|2 to 4|
|Independent examiner's report|5|
|Statement of financial activities|6|
|Balance sheet|7|
|Notes to the financial statements|8 to 12|
|Institutional grants|13 to 16|
**THE CHARITY OF STELLA SYMONS**
**CHARITY INFORMATION FOR THE YEAR ENDED 5 APRIL 2021**
## **TRUSTEES**
Mrs J E Warnick Mrs K Willis Mr J S S Bosley
## **PRINCIPAL OFFICE**
20 Mill Street Shipston-on-Stour Warwickshire CV36 4AW
## **REGISTERED CHARITY NUMBER**
259638
## **ACCOUNTANTS**
The MGroup Partnership Chartered Certified Accountants Cranbrook House 287-291 Banbury Road Oxford OX2 7JQ
## **BANKERS**
HSBC 13 Chapel Street Stratford-upon-Avon Warwickshire CV37 6ET
## **INVESTMENT MANAGERS**
Harris Allday 33 Great Charles Street Birmingham B3 3JN
Aberdeen Standard Capital 1 George Street Edinburgh EH2 2LL
1
**THE CHARITY OF STELLA SYMONS**
**REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2021**
The trustees present their report along with the financial statements of the charity for the year ended 5 April 2021. The financial statements have been prepared in accordance with the accounting policies set out on page 8 to 10 and comply with the charity's trust deed and applicable law.
## **CONSTITUTION AND OBJECTS**
The Charity of Stella Symons is constituted under a Trust Deed dated 1 February 1968 and is a registered charity (number 259638). The Trust Deed gives the trustees the power to apply the annual income of the trust upon such charitable trusts and for such charitable purposes as they shall in their uncontrolled discretion determine.
The objects of the charity continued to be that of providing financial support to a wide range of charitable organisations providing benefits for the public in the United Kingdom and overseas. The support may take the form of a loan but more usually is made as a donation.
The trustees have a policy of only making contributions where they believe that a public benefit will be derived from the use of the funds made available.
The trustees currently have a policy of supporting organisations in a wide geographic area including those active in the United Kingdom and overseas and cover a wide range of activities including those living in poverty.
We have referred to the guidance contained on the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set.
## **ORGANISATION**
The trustees who have served during the year and since the year end are set out on page 1.
All decisions are made by the trustees.
New trustees are appointed by agreement between the existing trustees.
## **TRUSTEE INDUCTION AND TRAINING**
Trustees are given information regarding the financial state of the trust including expected income and expenditure for the forthcoming year. Trustees have access to financial information at all times.
The charity is a member of the West Midlands Charitable Trust Group and copies of the Charity Commission Newsletter are made available for trustees. New trustees, when appointed, will undergo an induction process to make them aware of their duties and responsibilities as trustees and of the specific objects and operating procedures of this trust.
## **GRANT MAKING POLICY**
The trustees respond to applications for grants where a grant is to be made and in the main will only support organisations registered as charities with the Charity Commission. If this is not the case the trustees will only offer support where they are confident that the funds are to be used for public benefit.
2
**THE CHARITY OF STELLA SYMONS**
**REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2021**
## **ACHIEVEMENTS AND PERFORMANCE**
The charity has distributed the income arising from its investments in each year and a record of distributions is kept and included in the annual accounts for the charity. The trustees believe that the charity provides a valuable and much needed and appreciated source of funding for the organisations it supports.
## **FINANCIAL REVIEW AND INVESTMENT POLICY**
The activities of the trust included receiving income during the year from both investments and bank interest receivable of £81,875 (2020 - £76,525), which were the only sources of income. The charitable distributions during the year amounted to £89,800 (2020 - £92,250), which were to various charities upon receipt of applications as set out in the objectives.
The total funds of the trust increased to an aggregate of £2,315,946 as at 5 April 2021 (2020 - £1,884,439), due to increasing market value of investments held.
The investment strategy is set by the trustees.
Investment performance is monitored by the trustees through monthly valuations and annual investment reports provided by the fund managers, Harris Allday and Aberdeen Standard Capital. (Day-to-day management is carried out by Harris Allday and Aberdeen Standard Capital.) The Trustees operate an investment policy which is updated periodically.
## **FUTURE PLANS**
The future plans for the trust are to distribute income realised during each year in excess of costs in accordance with the distribution policies which are reviewed periodically.
## **RESERVES POLICY**
It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity.
The trustees oversee the level of income reserves held and consider whether they are sufficient in order that the charity meets its needs effectively.
## **RISK MANAGEMENT**
The trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established so that the necessary steps can be taken to lessen these risks.
3
**THE CHARITY OF STELLA SYMONS**
**REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2021**
## **TRUSTEES' RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS**
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards.
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial 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 Charities (Accounts and Reports) Regulations 2008;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable 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 sufficient accounting records that 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 Charity (Accounts and Reports) Regulations 2008 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.
Approved by the trustees and signed on their behalf by:
J S S Bosley Trustee Date: 11 November 2021
4
**THE CHARITY OF STELLA SYMONS**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE CHARITY OF STELLA SYMONS FOR THE YEAR ENDED 5 APRIL 2021**
I report on the accounts of the Trust for the year ended 5 April 2021, which are set out on pages 6 to 12.
## **RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER**
The charity's trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charties Act 2011 ("the Act"). The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
1. examine the accounts under section 145 of the 2011 Act;
2. to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
3. to state whether particular matters have come to my attention.
## **BASIS OF INDEPENDENT EXAMINER'S REPORT**
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
## **INDEPENDENT EXAMINER'S STATEMENT**
In connection with my examination, no matter has come to my attention:
1. which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 130 of the 2011 Act: and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
5
**THE CHARITY OF STELLA SYMONS**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2021**
|**Notes**
**INCOME**
**Investment income**
3
**EXPENDITURE**
**Charitable activities:**
Grants payable
4
Governance costs
5
**Total expenditure**
Net (loss) / gain on sale of investments
**NET INCOME**
**Other recognised gains / (losses)**
Gain / (loss) on revaluation of investments
6
**Net movement in funds**
**Total funds brought forward**
10
**Total funds carried forward**
10|81,875
76,525
89,800
92,250
9,735
10,641
99,535
102,891
(7,303)
121,050
(24,963)
94,684
456,470
(509,160)
431,507
(414,476)
1,884,439
2,298,915
2,315,946
1,884,439
**£**
**£**
**Unrestricted Funds**
**2021**
**Unrestricted Funds**
**2020**|
|---|---|
The results for the year derive from continuing activities and there are no gains or losses other than those shown above.
6
**THE CHARITY OF STELLA SYMONS**
## **BALANCE SHEET AS AT 5 APRIL 2021**
|**Notes**
**FIXED ASSETS**
Investments
6
**CURRENT ASSETS**
Debtors
8
Cash at bank and in hand
**CURRENT LIABILITIES**
Creditors: amounts falling due within
one year
9
**NET CURRENT ASSETS**
**NET ASSETS**
**THE FUNDS OF THE CHARITY**
Unrestricted funds
10|2,241,902
1,754,147
26,891
68,292
50,275
65,123
77,166
133,415
3,122
3,123
74,044
130,292
2,315,946
1,884,439
2,315,946
1,884,439
**Unrestricted Funds**
**2021**
**2020**
**£**
**£**
**Unrestricted Funds**|2,241,902
1,754,147
26,891
68,292
50,275
65,123
77,166
133,415
3,122
3,123
74,044
130,292
2,315,946
1,884,439
2,315,946
1,884,439
**Unrestricted Funds**
**2021**
**2020**
**£**
**£**
**Unrestricted Funds**|
|---|---|---|
|||1,884,439|
|||1,884,439|
Approved by the Trustees on 11 November 2021 and signed on its behalf by:
J S S Bosley Trustee
7
**THE CHARITY OF STELLA SYMONS**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021**
## **1 GENERAL INFORMATION**
The Charity of Stella Symons is a registered charity and is a public benefit entity. Its principal office is:
20 Mill Street Shipston-on-Stour Warwickshire CV36 4AW
The financial statements are presented in Sterling, which is the functional currency of the charity.
## **2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**
## **Accounting convention**
The accounts (financial statements) have been prepared in accordance with the Charities Act 2011 and applicable regulations.
The accounts have been prepared under the receipts and payments princples. The items have been recognised at their cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
## **Going concern**
There are no material uncertainties about the charity's ability to continue as a going concern.
## **Investment income**
Dividends are included in the Statement of Financial Activities when they are declared at an amount excluding the tax recoverable from HM Revenue and Customs.
Bank interest is included within investment income when the charity is entitled to receipt.
## **Expenditure**
Expenditure is included on a receipts and payments basis.
Grants payable are recognised upon date of payment.
Management and administration comprises costs for the running of the charity itself as an organisation.
8
**THE CHARITY OF STELLA SYMONS**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021**
## **2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)**
## **Financial Instruments**
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Financial assets are measured at cost and are assessed at the end of each reporting period for objective evidence of impairment. Where objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account.
The impairment loss for financial assets measured at cost is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amount and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## **Impairment of non-financial assets**
At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets (which is the higher of value in use and the fair value less cost to sell) is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the profit and loss account.
If an impairment loss is subsequently reversed, the carrying amount of the asset, or group of related assets, is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset, or group of related assets, in prior periods. A reversal of an impairment loss is recognised immediately in the profit and loss account.
## **Fixed asset investments**
Stocks and shares quoted on the London Stock Exchange have been revalued in the balance sheet at market value. Any gain or loss on revaluation is taken to the Statement of Financial Activities. No unquoted investments are held.
All investments are held primarily to provide an investment return for the charity.
9
**THE CHARITY OF STELLA SYMONS**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021**
## **2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)**
## **Debtors**
Short term debtors are measured at transaction price, less any impairment.
## **Creditors**
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.
## **VAT**
As the charity is not registered for Value Added Tax, all costs are VAT inclusive.
## **Provisions**
Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated.
Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.
## **Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
|**3**
**INVESTMENT INCOME**
Dividends and interest on listed investments
Overseas unit trust income
Interest on cash deposits
Total investment income (unrestricted)|**2021**
**2020**
**£**
**£**
66,174
57,649
15,687
18,741
14
135
81,875
76,525|
|---|---|
10
**THE CHARITY OF STELLA SYMONS**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021**
|**4**
**GRANTS PAYABLE**
Grants payable
**5**
**GOVERNANCE COSTS**
Accountancy fees - examining the accounts
Accountancy fees - other
Management fees
Printing, postage and stationery
Subscriptions
**6**
**INVESTMENTS**
Market value at 6 April 2020
Additions to investments at cost
Disposals at carrying value
Net gain / (loss) in the year on revaluation
Market value at 5 April 2021
**Investments at market value comprised:**
UK equities
Non UK equities
UK fixed interest securities
**Historical cost**
The charity provides donations to a wide range of institutions, shown on pages 13 to|**2021**
**£**
89,800
**2021**
**£**
500
2,920
6,081
64
170
9,735
**2021**
**£**
1,754,147
804,559
(773,274)
456,470
2,241,902
1,616,834
253,020
372,048
2,241,902
1,923,011
16.|**2020**
**£**
92,250|
|---|---|---|
|||**2020**
**£**
500
2,800
6,890
261
190|
|||10,641|
|||**2020**
**£**
2,127,213
767,662
(631,568)
(509,160)|
|||1,754,147|
|||1,199,977
284,428
269,742|
|||1,754,147|
|||1,891,726|
All investments are listed securities and are shown at market value.
Investments in individual entities held at 5 April 2021 which are over 5% of the portfolio by value are: ASC (Offshore) Income Fund - market value £670,119 (2020 - £547,295)
11
**THE CHARITY OF STELLA SYMONS**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021**
## **7 STAFF COSTS**
During the year the charity had no employment related expenditure and the trustees were not reimbursed for any expenses.
|**8**|**DEBTORS**|**2021**|**2020**|
|---|---|---|---|
|||**£**|**£**|
||Other debtors|26,891|68,292|
Included within 'Other debtors' are two loans to Shipston Sports Club totalling £17,500 (2020: £18,500). Both loans have been measured initially at fair value and subsequently at amortised cost.
|**9**|**CREDITORS**|**2021**|**2020**|
|---|---|---|---|
|||**£**|**£**|
||Accruals and deferred income|3,122|3,123|
- **10 SUMMARY OF FUNDS MOVEMENTS**
||**Fund**||||**Fund**|
|---|---|---|---|---|---|
||**balance**|||**Other**|**balance**|
||**brought**|||**recognised**|**carried**|
||**forward**|**Income**|**Expenditure**|**gains / (losses)**|**forward**|
||**£**|**£**|**£**|**£**|**£**|
|Unrestricted funds|1,884,439|81,875|(99,535)|449,167|2,315,946|
12
**THE CHARITY OF STELLA SYMONS**
**INSTITUTIONAL GRANTS FOR THE YEAR ENDED 5 APRIL 2021**
||**£**|
|---|---|
|2nd Warwick Sea Scout Group|250|
|ABF The Soldiers Charity|500|
|Alder Hey Children's Charity|250|
|AMREF Health Africa|250|
|Anthoy Nolan|250|
|Anti-Slavery International|250|
|Aspergers Childen and Carer Trust|250|
|BCCS|250|
|BIBIC|250|
|Blesma|250|
|Blind Veterans UK|250|
|Bone Cancer Research Trust|250|
|Bowel Cancer UK|250|
|Boxes of Basics|250|
|Brain Research UK|250|
|Brain Tumour Support|250|
|Bristol Children's Charity|250|
|Brooke|250|
|CAF Appeal|10,000|
|Canley Community Centre|250|
|Charity Link|250|
|Chichester Foodbank|250|
|Child Autism UK|250|
|Child's I Foundation|250|
|Chrysalis Holidays|250|
|Clapton Common Boys Club|250|
|COIF Charites Appeal Eventing|250|
|Coram Life Education Hillingdon Ltd|250|
|CURE UK|250|
|Cygnets Education Charity|400|
|David Shepherd Wildlife Trust|500|
|David Shepherd Wildlife Trust|500|
|Dementia Support|1,000|
|Derby Toc H Children's Camp|250|
|Designability|250|
|Dodford Children's Farm|250|
|Downside Up|250|
|Durham Association of Boys and Girls Clubs|250|
|East Anglian Air Ambulance|250|
|Extra Cover|250|
|Father Hudson's Care|250|
|Feeding Britain|1,500|
|Feeding Coventry|250|
|Friends of Idlicote Church|250|
|GL11 Community Hub|250|
|Good Neighbours Coventry|250|
|Great Ormond Street Hospital Charity|250|
|Great Western Air Ambulance|250|
|Grove Adventure Playground|250|
|Hackney Quest|250|
|Hampshire & Isle of Wight Air Ambulance|250|
|Headway Tyneside|250|
|Heart of England Commmunity Association|2,500|
13
**THE CHARITY OF STELLA SYMONS**
**INSTITUTIONAL GRANTS FOR THE YEAR ENDED 5 APRIL 2021**
||**£**|
|---|---|
|Home from Hospital care|250|
|Home Start Oxford|250|
|Home-Start South Wariwckshire|3,500|
|Itala Foundation|250|
|Jake Macarthey Foundation|500|
|Jessie May Hospice|250|
|John Fawcett Foundation|250|
|Keech Hospice Care|250|
|KEMP Hospice|250|
|Kids Club Kampala|250|
|Landmark Arts Centre|800|
|Lennox Children's Cancer Fund|250|
|Levi's Star|250|
|Lilian Faithful Care|250|
|London Air Ambulance|250|
|Lowlands RDA|250|
|Lucy Air Ambulance for Children|250|
|Macmillan Cancer Support|250|
|Martha Trust|250|
|Mary's Meals|250|
|Miscarriage Association|250|
|MS Therapy Centre Bedfordshire & Northants|250|
|MS Therapy Centre Coventry|1,000|
|Nansa|250|
|NASS|250|
|National Emergency Appeal|10,000|
|National Tremor Foundation|250|
|Off the Record|250|
|Orchestra of the Sun|250|
|Penny Brohn UK|250|
|PHOEBE|250|
|Plan International UK|250|
|Police Community Clubs of GB|250|
|Princess Alice Hospice|500|
|QEF|250|
|RABI|500|
|RAF Benevolent Fund|250|
|Reigate & Banstead Women's Aid|250|
|Retina UK|250|
|Revitalise|250|
|RISE|1,000|
|RISE|1,000|
|Robbie Anderson Cancer Trust|500|
|Rose Road Association|250|
|Roy Castle Lung Cancer Fund|250|
|Safety net UK|250|
|SANDS|250|
|Sayers Croft Trust|250|
|Scampps in Surrey|250|
|Second Chance|250|
|Sexey's Hospital|250|
|Shakespeare Hospice|250|
|Shipston Foodbank|250|
14
**THE CHARITY OF STELLA SYMONS**
## **INSTITUTIONAL GRANTS FOR THE YEAR ENDED 5 APRIL 2021**
||**£**|
|---|---|
|Shipston Home Nursing|500|
|Shipston Home Nursing|250|
|Shipston on Stour Hospital League of Friends|500|
|SNAPS|250|
|Sofa Project|250|
|South Warwickshire Home Start|8,000|
|Spencer Contact|250|
|Spinal Muscular Atrophy UK|250|
|St Michaels fellowship|250|
|St Pauls Advice Centre|250|
|St Wilfrid's Hospice|1,000|
|Step Together|250|
|Stonepillow|250|
|Stratford Food Bank|500|
|Stratford Foodbank|250|
|Strongbones Children's Charitable Trust|250|
|Tall Ships Charity|250|
|Teenage Cancer Trust|250|
|The Africa Foundation|1,500|
|The Bouncing Ball Trust|250|
|The Childhood Trust|1,500|
|The Children's Adventure Farm Trust|250|
|The Counselling Centre|250|
|The Felix Project|600|
|The Ghurka Welfare Trust|250|
|The Gifted|250|
|The Giving Hands Mission|250|
|The Honeypot Children's Charity|250|
|The Light House|250|
|The Lullaby Trust|250|
|The Marine Conservation Society|250|
|The Matthew Trust|250|
|The Movement Centre|250|
|The Pit Pony Sanctuary|250|
|The Respite Association|250|
|The Sebakwe Black Rhino Trust|250|
|The Sylvia Wright Trust|250|
|The Theatre Chipping Norton|250|
|The Trussell Trust|1,000|
|Tom's Trust|250|
|Tools4Teens|250|
|Triple H Trust|250|
|Trussell Trust|5,000|
|Up 'n Away|250|
|Wainman Trust|250|
|Warwickshire Young Carers Trust|250|
|West Sussex MIND|500|
|Winston's Wish|250|
|World Child Cancer|250|
|Worldwide Veterinary Service|250|
|YMCA|250|
|Young Bristol|250|
|Young Minds|250|
15
**THE CHARITY OF STELLA SYMONS**
## **INSTITUTIONAL GRANTS FOR THE YEAR ENDED 5 APRIL 2021**
|Young Women's Trust
Youth on the Move (London)
TOTAL|**£**
250
250|
|---|---|
||89,800|
16