|Contents|Pages|
|---|---|
|Trustees'
annual
report|2 —9|
|Auditor's
report|10-13|
|Statement
offinancial activities|14-15|
|Balance sheet|16|
|Statement ofcash flows|17|
|Notes tothe fin an cia I statements|18-25|
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|||Unrestricted|Expendable|2022|2021|
|---|---|---|---|---|---|
|||Income|Endowment|Total|Total|
||Notes|Fund|Fund|Funds|Funds|
|||f|f|f|f|
|Income||||||
|Legacy income|||16,316,655|16,316,655||
|Investment
income|2|1,346,078||1,346,078|963,049|
|Total income||1,346,078|16,316,655|17,662,733|963,049|
|Expenditure||||||
|Raising funds:||||||
|Investment
management
costs||601|||598|
|Charitable
activities:||||||
|Grant expenditure|3|1,317,198||1,317,198|638,586|
|Grant related support
costs||25,269||25,269|25,169|
|Governance costs|5|14,555||14,555|13,519|
|Cost ofgrant making||1,357,022||1,357,022|677,274|
|Total expenditure||1,357,623||1,357,623|677,872|
|Net income / (expenditure)||(11,545)|16,316,655|16,305,110|285,177|
|Transfer between funds|6|11,545|(11,545)|||
||||16,305,110|16,305,110|285,177|
|Net gains / (losses) on||||||
|investments||||||
|Unrealised|7||690,113|690,113|3,242,597|
|Realised|11||593,825|593,825|(36,297)|
||||1,283,938|1,283,938|3,206,300|
|Net movement
in funds|||17,589,048|17,589,048|3,491,477|
|Reconciliation offunds||||||
|Totalfunds
brought
forward|||17,748,578|17,748,578|14,257,101|
|Total funds carried forward|||35,337,626|35,337,626|17,748,578|
##
|Comparative
year information||Unrestdcted|Expendable|2021|
|---|---|---|---|---|
|Year ended 5April 2021||Income|Endowment|Total|
||Notes|Fund|Fund|Funds|
|||E|f||
|Income|||||
|Investment
income|2|963,049||963,049|
|Total income||963,049||963p049|
|Expenditure|||||
|Raising funds:|||||
|Investment
management||598||598|
|costs|||||
|Charitable
activities:|||||
|Grant expenditure|3|638,586||638,586|
|Grant related support
costs||25,169||25,169|
|Governance costs|5|13,519||13,519|
|Cost ofgrant making||677,274||677,274|
|Total expenditure||677,872||677,872|
|Net income / (expenditure)||285,177||285,177|
|Transfer between
funds|6|(285,177)|285,177||
||||285,177|285,177|
|Net gains / (losses) on|||||
|investments|||||
|Unrealised|7||3,242,597|3,242,597|
|Realised|11||(36,297)|(36,297)|
||||3,206,300|gp206,300|
|Net movement
in funds|||3,491,477|3,491,477|
|Reconciliation offunds|||||
|Total funds brought forward|||14,257,101|14,257,101|
|Total funds carried forward|||17,748,578|17,748,578|
##
||||Unrestricted|Expendable|Expendable|2022|2021|
|---|---|---|---|---|---|---|---|
||||Income|Endowment||Total|Total|
|||Notes|Fundf||Fund
f|Fundsf|Funds
f|
|Fixed assets||||||||
|Unlisted
investments||7||16,316,655||16,316,655||
|Listed investments||7||17,665,093||17'665,093|16,421,291|
|Total fixed assets||||33,981,748||33,981,748|16,421,291|
|Current assets||||||||
|Debtors|||380|||380|584,942|
|Cash|||5,678||1,355,878|1,361,556|747,682|
|Total current
assets|||6,058||1,355,878|1,361,936|1,332,624|
|Liabilities||||||||
|Creditors: amounts||||||||
|falling due within one||9|(6,058)|||(6,058)|(5,337)|
|year||||||||
|Net current|assets||||1,355,878|1,355,878|1,327,287|
|Total assets
liabilities|less current|||35,337,626||35,337,626|17,748,578|
|Creditors: amounts||||||||
|falling due after one||||||||
|year||||||||
|Net assets||||35,337,626||35,337,626|17,748,578|
|The funds ofthe||||||||
|charity||||||||
|Expendable
endowment|fund|||35,337,626||35,337,626|17,748,578|
|Unrestricted|income|||||||
|fund||||||||
|Total charity|funds|||35,337,626||35,337,626|17,748,578|
|The notes at|pages 18to 25form part ofthese accounts.|||||||
|A proved
by|the trustees on 15August 2022 and signed||||on their behalf by:|||
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|ort|he year ended 5April 2022|he year ended 5April 2022|he year ended 5April 2022|he year ended 5April 2022|he year ended 5April 2022|||
|---|---|---|---|---|---|---|---|
|3|Grant expenditure
(continued]|||||2022|2021|
|||||||6|E|
||Medicine and Health|||||||
||Bristol Speech and Language||||Therapy Research Unit|150,000||
||Bristol Children's
Hospital|||(Cardiac 3D printing||114,698||
||programme)|||||||
||Animal Free Research|UK||||25,000||
||Dorothy House Hospice|||||25,000||
||Julia's House Hospice|||||25,000||
||Living Paintings
Trust|||||25,000||
|||||||25,000||
||Restoration ofAppearance||||ik Function Trust|||
||Wiltshire
Air Ambulance|||||25,000||
||The British Stammering||Association|||25,000||
|||||||439,698|281,036|
||Education and The Arts|||||||
||Farms for City Children|||||25,000||
||Stage One|||||25,000||
||Music for Youth|||||25,000||
||Pimlico Opera|||||15,000||
|||||||90,000|102,550|
||Social Welfare|||||||
||The British Red Cross|||||150,000||
||Swindon Women's
Aid|||||30,000||
||Community
First (Youth||Action Wiltshire)|||25,000||
||James' Place|||||25,000||
||NSPCC|||||25,000||
||SnowCamp|||||25,000||
||Wiltshire
Community|Foundation||||2S,OOO||
||Windmill
Hill City Farm|||||25,000||
||Ebony Horse Club|||||22,500||
||Separated
Child Foundation|||||10,000||
|||||||362,500|175,000|
||The Environment
and|Wildlife||||||
||Greenpeace|||||300,0M||
||Campaign to Protect Rural||||England|25,000||
||Fdiends ofthe Earth|||||25,000||
||The Brooke|||||25,0M||
||Wilts &Berks Canal Trust|||||25,000||
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||||Basis of|Grant||2022|2021|
|---|---|---|---|---|---|---|---|
||||apportion-|making|Governance|Total|Total|
||||ment|f|6|6|f|
|Management||fee|Work done|24,300|8,100|32,400|32,400|
|Subscriptions|||Actual|261|87|348|348|
|Auditors|remuneration||Actual||6,120|6,120|5,100|
|Web site|costs||Actual|638|213|851|788|
|Sunddies|||Actual|70|35|105|52|
|Total||||25,269|14,555|39,824|38,688|
##
|orth|e year ended|SApril 202|SApril 202|2|||||
|---|---|---|---|---|---|---|---|---|
|7|Fixed asset|investments||||2022||2021|
|||||||||f|
||Movement|in gxed asset investments:|||||||
||Market value at 5April|||2021||16,421,291|12,445,879||
||Additions|||||27,323,496||999,382|
||Disposals|||||(10,413,567)|(266,567)||
||Equalisation|||||(39,585)|||
||Unrea lised|investment||gains / (losses)||690,113|3,242,597||
||Market value at 5April|||2022||33,981,748|16,421,291||
||Net cash used from investments||||in the year was f550(2021:f769,112released from||||
||investmentsj||||||||
||Investments|at fair value comprised:||||2022
f||2021
f|
||Listed investments|||||17,665,093|16,421,291||
||Unlisted
investments||(UK)|||16,316,655|||
||Total|||||33,981,748|16,421,291||
||Unrealised|investment||gains / (losses)||represent the difference between the fair value ofthe|||
||investments|atthe beginning
and|||end ofthe year adjusting for investment||transactions|during|
||the year.||||||||
||The unlisted|investment||isthe holding||of2,545,500Taylor Clark Limited 8|ordinary 10p shares||
||(2021:Nil 8ordinary||10pshares).||||||
|8|Debtors|||||2022f||2021
f|
||Prepayments|||||||238|
||Accrued income|||||||584,704|
|||||||||584,942|
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|anagement|fee off32,4|00.||||
|---|---|---|---|---|---|
|Staff costs||||2022|2021|
|||||Total|Total|
||||||f|
|Wages and|salaries|||13,500|13,500|
|Social security costs||||1,863|1,863|
|Employers'|contributions|to defined contribution|pension scheme|3,713|3,713|
|Other employee
benefits||||232|219|
|||||19,308|19,295|
|Reconciliation
ofnet movement
in funds to ne|t cash flow f|rom operating activ|ides|
|---|---|---|---|
|||2022f|2021
E|
|Net movement
in funds||17,589,048|3,491,477|
|Deduct interest income||(102)|(1)|
|Deduct legacy income||(16,316,655)||
|Deduct dividends
and interest from investments||(1,345,976)|(459,039)|
|Deduct (gains) / add back losses on unrealised|investments|(690,113)|(3,242,597)|
|(Gains) / losses realised on sale of investments||(593,825)|36,297|
|Decrease / (increase)
in debtors||584,562|(465,392)|
|Increase / (decrease) in creditors||721|(120,181)|
|Net cash used in operating
activities||(772,340)|(759,436)|
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