THE SWIRE CHARITABLE TRUST
REPORT AND ACCOUNTS
YEAR ENDED 31 DECEMBER 2020
Charlty numbèr. 270726

THE SWIRE CHARITABLE TRUST
I N DEX
Y•ar Md•d 31 D•cember 2020
Pag¢
Gener￿ information
Report of the trustees
Auditor's report
Statsment of financial activitie5
Blance sheet
10
Statement of wh fflows
NO￿ to the financial statements

THE SWIRE CHARITABLE TRUST
GENERAL INFORMA TION
Year ended 31 December 2020
Establlshtd by de*d
23 December 1975
Charlty number
270n6
Trustees
B N Swire
I S Swire
M B Swire
S C Swire
M V AIHrey
R Hogg
{appointed 6 April 20211
Power to appoint new Trustew was vested in the Settk)r5
during their lrfetimes and thereafter in the Tru5tee5.
provided that there are always at least fve Trustees.
S•ttlors
Sir john Swire CBE Idecea5edl
Sir Adrian Swir•
(d*cea5edl
Trust fund
LIOO. and further monies. securities, land chattels or txher
investments donated upon and subject to the same trust
Obj•cts
&Jch charities or for such exclusively charitabl8 purposes as
the trustees may determine.
Inv•stmènt
The Trustees have power5 of inYe5tment as if absolute
entitled to the Trust Fund beTreficrdlly. including * power to
invest 5urplu$ incorn&
Iwtvestment m4nag¢r5
rasin & Parthers LLP
luxon House
100 St Paul's Churchyard
London
EC4M BBU
Audltors
D￿¢)# Wtlson Audrt Ser¥lces LLP
22 Chan¢¢ry Lane
London
WC2A I LS
Sollcltors
Bircham Dyson Bell
50 Broa￿aY
Westminster
London
SWIH OBL
Lester Adridge
l King Street
London
EC2V BAU
Banker5
Coutts & Co
440 Strand
Lond)n
WC2R OQS
Addrnss
Swire House
59 Buc￿ngharn Gate
London
SWIE6AI

THE SWIRE CHARITABLE TRUST
REPO R T OF TH E TRUSTEES
Year ended 31 December 2010
The Trustees present thwr report and fixancial statements of the eharity lor the year ended 31 December 2020.
The finantial statements have been prepared in accordance with the accounting policies set out in note l of the
financial statements and with the Accounting and Reporting by Charit*es'. Statement of RecomrTrersded Practice
applitable to charlties preparing chelr accounts In accordance wlth the Rnan<lal Reporting Standard applicable in
the UK and Republic of Ireland IFRS1021-
Structure. governance and management
The Swire Char+rable Trust is an unincgrporared charity. constructed under a trust deed dated 23 December l 975
3nd ts a registered chariry. number 270726.
The Swire Educational Trust {registered number 328366), which was an unincorporated charity established on
12 September 1989. was merged with The Swire Charitable Trust on 31 December 2015 and the merzed charity
operates under number 270n6. The Swire Educational Trust has been removed from the register.
The power tQ 3ppoint new Tru5£ee$ Is vested in the Setdors durin¥ their lrfetime. Ke5punsi&lity for the Induction
of any new Trustee. which invofve5 awareness of the history and approach of the charity and an undersranding of a
Trustee's duue5. lie5 With the Trustees. A new Trustee would receive ctspies of the pr¢vious y¢ar'$ 4¢¢ounts.
At the Trustees. meetiTr& the Trustees agree the Strategy of the trusL incl￿ding consideration of ¢S)nation rnakin&
inve$tment$, reserves aThd risk rnanagement policies. The day to day athiiThistration of the charity is carried out by
John Swire & Sons knmited Tht major risks io which the Eru$t may be exposed. a5 identrf*d by the trusoes, have
been reviewed to confirni that systems where appropri*. exijt to mitigate those ri5k5.
Grant makln8 ptsllcy
The Trvsrees meet to consider what granrs I donation5 they will make and to rwtw any feedback they have
received.
The Trustees have established an online application process for charitie5 to make formal application5 lor yants
explalnlng how any funds would be used and wh2t would be achle¥ed.
In 2019 the charity provided grants through three main proKrarnrnes'.
The welfare programrne, which f+XU55ed on ¥upporvnE pgsitiv¢ change in the community.
The opportunity programme. which focussed on nurturing potential by helping <hildren and adults from all
backgrounds to fulfil their potential and make the most of their talents.
The heritage programme. designed to promote regeneratbon through restoration.
In luty 2019, these pro¥ramme5 were further refined. and a new Environment Funding ProKrarnme was ￿Unthe&
The charity now provides Erants to chari¢ies rhrough the following three programmes..
The opportunlty programme, which aims to improve life chat)ces for the followin& ex-service men 2nd women-
vlctims ol slavery and tralfickin& children and youn¥ people in the Gire of their local authority. invofved with
the criminal justice sy5tern or from the rnost socio-economic3lly di3advantayd backgrounds.
The environment programme which funds chariiie5 ¢ha¢ can connect people to the environrnent and support
the UK'S biodiversity
The heritage programrne, which funds heritaze wark that tan dtliver sotial and economie benefits to deprrved
¢tynmunities or disadvanfaged pèoplé and charities worklng ta saféyjard endangered skllls
In addl￿On to thls core funding programme, the Trustees COn￿n￿e to make grants to charities on a discretionary
basis.
The Trust a150 exi5t5 to administer a variery of scholarship Schemes for students and to assist them to study ac
univer5iues and colleges in the United Kingdom aTrd elsewhere, through the res¢rirted fund.
holar5hips are advertised On aifiliated univer5itiesl¢olleges websit¢S and nation￿ papers in Hong K¢n& ja￿￿,
China and other juri5diction5 that the truste¢5 see fit. The ¢andidaTr5 appty directty to the univer5rti¢S and if they
meet the academic criteria thy are interviewed by a panel. On success. the university offers the c3ndidate
admi55ion to their chosen course ol study and refers the candidate to the trusi for considerauon of awarfin8 a
Kholarship. The policy ol maknng 8rants is to support deserysng case5 for award5 for rerriary eduotion.

THE SWIRE CHARITABLE TRUST
Year ended 31 December 202•
The stratw of the fund is to continue to work with unwersr£ieslcolleges and make grants based on rnerit ol the
applicaThL
Objective5, activities and achSe¥ements for th• publlc benefit
The objtttfve ol the Tru5f is to provide donatyans and yanis tts ch¥i¢its i# the United Klngdom and elsewhere.
In 2020, the Trust made donations and grants totslling £4,117.85012019- £3,890.2941. Ther* was a irtcrease in
fund5 for the year of £444.71312019 - increase of £33,269).
During the year to 31 December 2020, the Trust approved rhe seleLtyOn 01612019 - 131 new scholars and granted
13 PO19 - 191 annual scholar5hip5 and award5 to existyng sEholar5. It expe¢ts to fund i greater t)umber of
scholarships and awards In the year EO 31 DecEmbEr 2021.
The Trus¢ees intend to continue to provlde 511PPOrt to their chosen charIta￿e ciu5es.
The Trnstees. haying regard to the public benefit guidance published by the Charity Commission in accordance with
séttltsn 17 ¢f the Chariiies A¢t 2011. ¢ofisid¢r that thè purpos¢ and a¢¢1￿￿¢9 of the ¢harl¢y the requlrements
of the pthlic benefit test ser out in the se¢uon 4 01 the same ACL
The investments held in the portFol¢o with Sarasin & Partners LLP have decreased by 8.17% during the year12019-
0.78% increa5el-
Investment pollcy
The Trustse$' prineip31 resourtes arise from (l)natlons ro rhe trust. The Trustees have expended through
donations and 8rantS the income arising therefrorn on an annual bas15. The Tru$tEe$ maintsin a cash balance in
order to PrO￿de a fund to meet grant5 and donations which they w>h to makt in excess of danatltsns received In
any partieular year.
In this rerdrd the Trustees have noted the Statutory dury of care required by the Trustee Acr 2000, in relation to
their holding suitable investments and the need for diversification of inyestments $0 lar as is appropriate to the
circumstances of the trust.
It 1$ the Tru5tees' policy to utilise all of the fund5 in pursuance of the Trust's objective5 in a period not ¢x¢e¢dlftg
frfLeen years. There is no requirement to maintain a particular level of inrorne re5Èrve¥ as endowment lunds can be
expended to meet expeTrditure as required.
The ￿￿eStment poliey is to invest approximately 20% of the fund in fixed interest and Cash with the remainder in
UK and overseas equltles to maximlse the k)ng term real return from the fund. Th1$ policy is implemented by
Independent fund manager*
The charity does not operate an "ethrcal investment policy".
Rtseryes polity
The Swire Charitable Trust was creatsd in Decernber 1975 and provides the Trustees with wide power5 of
di5cre¢ion to distribute the donations and other income of the trust fund lor charitable purposes a5 the Trustees
determine. Ir has been the Sertlors, and Trus£ee5' intentlon that the trust fund should be able to grow during the
accumulation period with the help of accumulation of income. Once income is accumulated. it becomes an addition
to the Trust's capital. The aecumulation period of the unrestricted fund ended 22 December 1996. The
a¢cumuLitlon period of the r¢strlrt¢d fund ended 12 SepEemb¢r 2010.
It is the Trustees, policy not to retaln reseThes within the uThrestricted fund as overhead5 are low and the grants
thar are made vary according to the income operated. As such no reserves are required to ensure the Trust's
continued operations.
Endowment reserves are held within the restricted fund to support future 5cholarship5. At balance shee¢ date the
funds held in the Endowment reserve were £8,359,746 (2019 - £8,742,782).

THE SWIRE CHARITABLE TRUST
Year ended 31 December 2020
Impart of cov1￿ I g
The trustees have considered the impatt of COVID-19 on the objectives, activiues arsd financial position of the
trust and they have been sausfied with the operation5 in the year given the widespread disruption caused by the
pandemic. The financial p051titsn remains robust and the value of the Endowment Funds remain in exce55 of
projected donations for the next decade.
Kèy mana8emènt personnel r•mun*Atlon
The Trustees consider the board cf trustees as cornprising the key managernent personnel of the charty in charye
f dtrectimg and controlling the chariry and operating the tharity on a day-to-day basis. ￿1 Trusttes wve their time
freely and no Trustee remuneration or expense r¢irnbur5emenrs were paid in the year.
Rlsk management
The principal risks faced by the charity lie in the performance of the I￿eStMents and risks from ineffective 8rant
making. The Ydriability of investsnent returns is the charity's major financial risl It mitigates this risk by retainsng
expert investment athisors and having a diversrfied investment portfolio. The risk from ineffective grant-making 15
mitsgated by cartyng out research on charitable institutions to establish whether potentièl donations wll ￿ used
effective* and in furtherance of this chariws own objectives.
Trustees, responsibilitses in relatlon to the financlal statements
The Trus￿¢$ are responsible for preparing the Trustee5' repor[ and the financial sfatements in accordante wlih
applicable law and United Kingdom Accounting Stsndards. The law applicable to charities in Enland and Wales
requires the trustee5 io prepare financkil 5¢3tements for each financial year which give a true and fair view of the
State of affair5 of the charity and of the incorning resources and application of resources of the charity for thar
period. In preparing these financial staternent5. the trustees are required
s¢le¢t $uir3ble a¢¢ounting poli¢i¢s and then appty them ¢onslstendr.
observe the rnethods and principles of the CharitR5 SORP..
make judgements and accounting estimates that are reasonable aTrd prudent:
state whether applicable accounting standards have been followe4 subjeet to departLtres disclosed and
expl¥ned Sn th¢ finan¢ial statements.. and
prepare the finan<ial sratement5 the ZOinK concern basis unle55 it 15 inappropriate to presume that the
harity will Continue in business.
The Trustees are resptsn$ible for keeping aecounting records whith disclost with reasonable accuracy the financial
PQSltion of the charity and ¢robl¢ thern to ensure thac the finanri313¢atement5 f¢ynpiy with the Ch3rities Act 2011.
the Charity (Actotsnts and Rtportsl RegUla￿on$ 2008 and the provislons of the rrust deed. They are also
responsible for sèfeguarding the assets ol the charity and hence for tsking reasonabk $¢EP$ for the prevendon and
defecrion of fraud and other irregularities.
Staternent as to disdosure to our auditors
In so far as the TrustÈÈs ¥¢ awarè at th¢ time Qf approvlng our Trust¢es' annual reporL
there Is no relevant Infomatlon, being inf0mat￿ neetjed by the audltor In ¢¢nnedlan wlth preparing thelr
rtporr. of whirh the group's ayditor 15 unaware. and
th¢ Tru¥¢*4 ha￿ng made ènquirles of fellow Trust¢es and rh¢ Trus¢'s audl¢or thac they ought to have
individully faken, have each taken all steps that helshe is obliged to take as a tyusiee in order to rnake
themselves aware of any relevant audit inforrnation and to es¢ablish that the auditor is aware of thai
inforniation.
S C SWIRE
For the trustees
5 Oetobèr
2021

THE SWIRE CHARITABLE TRUST
AU DITO R'S R EPO R T
Year ended 31 December 2020
Oplnlon
We haYE audrted the financial staternents of The Swire Charitable Trusr (the 'charity') for rhe y¢ar ended 31
December 2020, which comprise the statement of financial a£tiVitlès, balance sheèL StatémÈnt of cashflows attd
notes tts the tinanrial $tat¢m¢nts, inrluding 4 summiry ol signrfirani atcgunting polici¢s. The finantixl repordng
framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards,
including Pinancial ReporLing Sran<lard 102 The Financial Reporting Standard applicable in the UK and Republic of
Ireland Iunired Kin8dom Generalty A¢c¢pred Accounung Practice).
Thb r¢port Is made 50bly ro th¢ charary's Tru5tee5. ￿ a body. in ac¢ordanc¢ with regulations ma¢k under S¢ttbn
154 of the Charities Act 201 l. Our audit work has been unde￿ken so that we might State to the charlty's
Trustee5 those matters we are required to srate to them in an audthr's report and for no other purpose. To the
fullest txrtnt permitted by law, we do not accept or a55urne rewnsibility to anyone other than the eharity amd the
th¥ity's Trustees as a body, lor our audit work. lor thi% reporL or for the opinion5 we have formed
ITh our oplnl¢)tt. the flnanclal $TaEemeThts.'
st￿ a true and fair view ol the stats of the charity's affairs as a¢ 31 December 2020 ar￿ of its incoming
resources and application of re5ource& including its incorne and expenditure. for the year rhen ended-
have bÈÈn properly prepared In actord#nce wtth United Klngdom Generally Acceptsd AttountSng Pracilce..
have been prepared in accordance wlth the requlrements of the Charlties Act 2011.
Basls for oplnlon
We conducted our aydit in accordance with Interrtational Standards on Auditing (UK) IISAS (UKII and applicab
law. Our responsibilit4es under those standards are further destribed in the Auditor's responsibilities lor the audit
of the finan¢lal sratements s¢¢vL)n of our report. W* ar¢ Ind¢pend¢ni of th¢ ehariry in 3¢¢ordan¢e with the ethi¢
requirements that are re￿vant to our audt of rhe finat)clal sratements In the UK Including the FRC'S Ethlcal
Standard. and we have fulfilled our other ethical resptsnsibiliues in accordance with these re9u1rernen￿ We beI￿ve
that the audit evidence we have obf3ined is sufficient and appropriate to providE a bas15 for our opinion.
Concluslons relatin8 to golns concern
In 3uditinK the financial statements. we have concluded that the trusree'5 use of the goin¥ concern b3515 of
Kcounting ITr the preparation ol the financial statemen¢s 15 aFpropriate.
Sed on the work we have performed. we have not identified any material uncemintie5 reLiting to events or
condittorss thaL Individually or collectively. may east significant doubt oh the chariw's abiliy to eontinue as a goihg
concern for a period of at least twelve months from when the financiil ststements are authorised for issue.
Our responsibllltSe$ and th¢ responsibllkles of the trust¢¢5 wich respecc ro gtsing ¢on¢¢rn ¥* des¢ribed In the
rele￿nt sections of thls reporL
Other Infomatlon
The oiher inlormation comprises the infomation included in the Trustees. aTrnual report, other than the financsal
statsrnents and our auditor's report thereon. The tru$tee$ are responsib￿ lor the other infomiation. Our opinKsn
¢)n the financial stAtements does nat tover the other information and. except to the t¥tent othe￿Ie explicit
stated in our repork we do not express any fom) of assurance conclusion thereon.

THE SWIRE CHARITABLE TRUST
AUDITOR S REPOR T
Year ended 31 December 2020
In conn¢¢rion wth our audit of the financil staterneTh¢s, our responsibiliry is to read the other inforna¢￿n and, in
dotng consider whether the other inforrnavon is rnaterially incon515¢eni with the financkil statements or our
knovledge obtained in the audit or otherwise appears to be matsrially rniss¢atsd. 11 we identify such ma￿rIal
inconsistencies or apparenr rnaterhil rni55tarements, we are required ¢0 determine whether there 15 a material
mlsststemént In tht financial statements or a material rnissratemeni of the other information. If. based gn the work
we have perforrned, we ¢0n¢lyde tha£ Ehere is a rnI￿r￿lI rni$$tstement of thi5 other inforrnation. we art required
to report thac tacL
We have nothing to report in this regard.
Matters on whlch we are requlred to report by exceptlon
We have nothing to report in resP¢rt of the followin¥ rnatter5 in re￿¢100 tt1 Twhich the Charityes Art 2011 requ¢re5
US to report ro you rf. in gur opinion..
the inlonnation in the Trustees. annual report is incon515teTrt in any matersal re5pert the financi
5fatement5,' or
the charity has not kept adequate accountlng records; or
the finan£ial Statements are not in agreement with the accountin8 record5 aTrd returns., or
we have not receSved 11 thé It)torm*titsn and e¥planations w¢ r¢quire I¢x our ¥udit.
Responsibilities of trustees
As explained more fully in rhe Trustees, responsibilities statement set out on page 5. the Trustee$ are responsiblt
for the preparation of the Ilnancial statements and for belng satisf*d that they gNe a true and hlr View. and for
such internal control as the Trustees determine is nece$sary to enable the preparation of financial ststements that
are free from material misstatement, whether due to fraud or error.
In preparing the fina￿la1 statements, the Tru$Eee$ are responsible for ¥s$e$sing the ¢harity'$ abiliy to wndnue as a
going concern. disclosin& as applIcab￿, matter$ re￿led to going toncern and u$lng the golng concÈrn basis ol
accounting unless the Trusthts Èither intend to liquidate the charity or to cease operations. or have no realis¢lC
alternative but to do so.
AudIt0￿$ responslbllltles lor the audlt of th? Ilnanclal statements
Audltorfs Ye$pon$lbilities lor the audit of the financial itatements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance ￿￿th the
Act and releyant regulations made or having effett ther¢under.
Our objectives are to obtain reasonable assurance about whether the fiTranclal starements a$ a whole are free from
material rnisstatemeni whether due to fraud or error. and to issue an audiwrfs report ihat includes our opinion.
Reasonable as$uran¢e is a high level of assuranct, but is not a guarantee that an audit conducred in accordanre with
ISAS IUKI always detect a material mi5$taternent when it ex15ts. Mi5Statements can arise from fraud or error
and are considered mat¢rial W, indi￿d￿al￿ or in agsr¢gat¢. they could reasonably be expected to influence the
economic decisions ol users taken on the basis of these financial statern￿
Irregularities. including fraud. are instances of non-compliance with laws and regulations. We design prtxedures in
line with our responsibilities. outlined above. to detert mater￿1 misstatements in respect of irregularitie% including
fraud. The extent to which our procedures are capable of detecting irregularities. including fraud is detailed below..

THE SWIRE CHARITABLE TRUST
AUDITOR'S REPOR T
Year ended JI December 2020
We gained an understanding of the leKal and regulatory framework applicable to the chariry by consideri
arnongst other things. the sertor in which it operare5, and considered the risk of acts by Ihe charity thar were
contrary to applicable laws and regulations, including fraud. We designed audit procedures w respond to the
assessed level ol risk but recognised that the risk of not detecting a matsrial rnisstatement the to fraud 15 high¢r
than the risk ol nor detecung one resuk¢ng from error. a5 fraud rnay involve deliberate concealment by. for
example. forgery or intentional misrepresenrations. or through collusion.
We focused on laws and regusations which could give Mse to a Materi￿ misststement in the financial sta*ments.
Including, but not limited to the Charityes Act 2011.
Our tests included weeing the financial statement di5clo¥ure5 to Under￿￿4 supporting documentstion. enquiries
with management and enquirles of third ptrtles.
As in all our audits. we aL%o addressed the risk of manag*nent OYErride of internal controls. including testing
journals and evaluating whether there was evidence ol bias by management that represented a risk of material
mi55tatement due to fraud.
There are inheren¢1imitation5 in the audit procedures described above and. the further removed non-compliance
with Liws and regulations is from the events and transactions reflected in the financial statements, the less likety we
would become aware of We did not ideTrtrfy any key wdit matters relating to irregularities, includiThg fraud.
A lurther descrpuon of our responsibilities for the auth¢ of the financial sutements is loCa￿d on the Financial
Reporting Council's website aL' www.frc.or&uWauditorsresponsibilities. This descriptson fom5 part of our auditor's
reporL
Us• of our report
This report is made SO￿lY to the eharrity's Trustee$, as a bo*, in accor&nce with regulations made under section
154 01 the Charities Att 201 l. Our audit work ha5 been undertaken so that we might state to the charitls trustees
those matters we are required to state to them in an auaEor's report and for no other purpose. To the fullest
extent permitted by law, we do not accept or assume responsiblllty to anyone other than the charity and the
charity's Trustee$ as a body. for our aydtt worl for this repor( or lor the opinions we have formed.
Dixon Wilson Audit SÈrvl¢¢s LLP. Suturgry Auditor
22 Chancery Lane
London
WC2A ILS
19 October
2021
DiK(•) Wllgoft Audlr Serykes LLP 1$ *l(w'ble to ICL audlwr in form$ of seeu¢)n 1212 of tho Comp*)i¢s Att 2C(I&

THE SWIRE CHARITABLE TRUST
ST A TEM E NT OF FINANC IAL ACT IVITI ES
Year ended 31 December 2020
R•stri£ted
Mpendable Aestrlrted
Endovmient
Income Unr•stri£t•d
Fund
Fund
Fund
2020
Totat
2019
Totsl
Not¢
Inconie and endowm*nts from:
ItwesrmÈnts
247.760
371
234J54
4.189.126 4.189,126 3,OCQ,000
Tot￿ Incom• and endowm•nts
247.760
4.189.497 4.437.257 3,234,354
Exp•r*dltuve or¢
Raiikn8 fund5
Charitsb￿ ¥tr4w¢s
31,341
863.291
31341
4,225.039
17)591
4.018585
3.361.748
Total expenthture
895,633
3,361,748
4.257.381
4.01 1,226
Net 8ains on invewnpnt assets
I64￿1?
264837
810,141
Net Infomel(¢xpendlture)
Transfers between funds
264037
1647073)
647M73
827.749
4H.713
33.209
16470731
1383.0361
N¢t movement In funds
827,749
4.713
33.269
R¢¢ondlla¥+)n of fvnd%
Fund b￿anCe br￿￿¢fr*tWard
•¢ I latt￿ry 2020
Fund l)alanc• carrl•d fonvard
at 31 Detember 1010
8,7417KI
63,067 8,W5,819 8.772580
¢359,746
8W,816
9.2SO.$61 8.805.849
AJI amounts are fft respect ofcontinuinz artNit￿5.

THE SWIRE CHARITABLE TRUST
BALAN CE SH E ET
At 31 December 2020
2020
2019
Flxed asseti
Investments
9.510.762
10.357,055
Current assets
Deb￿r$
Cash at bank and in hand
6215
1,366,192
6.755
475.998
1.372.407
482.753
Llabllltle5
Creditors.. amtyjnts falling due w¥thin one year
Net current asset￿(lIabIlIt1e5)
(1,008.607)
363,800
(1.552.959)
(1.070,206)
Creditors.. amounu falling duè alter one year
Net a$5ets
(624,0￿)
9.250.562
{481.OGVI
8.805.849
The funds of the charlty.
Restricred expendable en&)wment fund5
Unrestricted income fund
8.359.746
890.816
8.742.782
63.067
9250.562
8.805.849
Th* finan¢lal s¢at¢m¢nts on pages 9 to 24 were approved by the
w¢re slgn¢d on irs b¢half by..
rd ol trustee5 On
5 October
2021 and
S C SWIRE
B N SWIRE
Trustee
Trustee
10

THE SWIRE CHARITABLE TRUST
ST A TEMENT OF CASH FLOWS
ended 31 Dec•mber 2020
2020
Total
2019
Total
Not•
Net cash used In operatln8 actl¥ltles
1469.0671
(1.081,480)
thsh fvws from ift¥estinE o(tMbe&
D￿ldendS and interest
248.131
234.354
Pro¢¢¢4s from 5al¢ gf Inv¢$tm¢nts
3.102,771
7.132.980
Purchase of Investments
(1.991.641)
1.359,261
(6.402.822)
964.512
Net Cash provlded by Investlng actlvltle5
Change In cash and cash equlvalents
890.194
(116.968)
Cash and cash equi¥alents brought lorw*rd
475,998
592.966
Cash and cash equivalents carried forward
1,361192
475.998

THE SWIRE CHARITABLE TRUST
NOTES TO THE FINANCIAL ST A TEMENTS
Year ended 31 December 2020
Accountln8 pollcl
{a) 8asls of preparatlon and a$5essment of golng concern
The financial statements have been prepared under the historic cost convention, with the excepuon that
investments ire included at market value. The fiThancki1 statements have been prepared in accordance with the
Ststement of Recommended Prathce: Accounting and Reporting by Charitie5 preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 effEct￿e
I january 2019 and the Charities Act 2011.
The Trust constitutes a public benef¢t entity u defined by FRS 102.
The Trustees consider that there are no material uncertainties about the Trust's ability to continue as a going
concern. There are no 5i8nificant areas of judgement and key assumptions that affect items in th¢ xcounts. With
respect to the next reporting period, the most significant areas of uncertainty that affect the carrying value of a55e¢s
held by the Trust are the level of investment return and the performance of investrneni rnarkets (see the risk
management section of the trustees. annual report for more ifilormation .
(b) Funds structurè
The charity has an endowment fund created by a grft. The income ol thi5 fund Is unrtstrtcted. The tern)s of the
endowment allow the capital of the fund to be spent rf the Trustees so deterniine.
Unrestricted income funds comprise those lunds which the Trustees are free to use for any purpose in furtherance
of the charitable objects. Unrestricted funds include desiznated funds where ¢h8 Trust8e5. at their th5cretion, have
created a fund for a specrfic purpose.
The assets of the restricted fund were iransferred to Charitable Trust on 31 DecembEr 2015 from the Swire
Educational Tru5L These assets continue to be used to further the purpose5 Of the Swire EducatK*nal Trus( whlch
has n¢)w b*¢n wound up. The tybj¢tts ¢sf the fvnd ar¢ co womot* and ad¥an¢¢ ¢du¢atlon by all such means as may
be appropriace to charitable purposes ané furthering the education ol persons actsnding eduuuonal establishrnÈnrs
in rhe UK or oversea
(c)
Income reco8nltlon
All income is recognl$¢¢J ¢sn¢é the charity has entidement to the income, it 1$ probable that the income WIN be
received and amount ol income receivable can be measured reliabty.
Donations are recognised when the Trust ha5 been notified in writin8 of both the amount and 5ettJement date.
Interert on funds held on deposit is included when receivable at)d the amount can be measured reliably by the
charity* this is nomally upon notificatson of the interest paid or payable by the bank Diwdends are recognised once
the dividend has been decLired and the notrfication has been received of the dNidend due. This 15 norrnally upon
notification by our Inve¥cmÉn¢ ad¥lsor of the dividend yitld of thè Investmènt portlollo.
(d) Exp¢ndl¢urg recognltlon
Lthilit*s are re£ogni$ed as expenditure a5 500n as there is a tegal or con5tructsve obligation committyng the charity
to that expenditure. it is probable that setdement wll be requsred and the amount of the obligation can be
measured reliably.
Grants payable are payments made to third parries in the furtherance of the CharIt￿e objects of the TrusL Thi5 15
accrued once the recipient has been notifjed of the grant award.
(•) Irrncoverable VAT
Irrecoverable VAT 1$ charged a8ainst the expenditure heading for which 1¢ wa5 incurred.
12

THE SWIRE CHARITABLE TRUST
N OTES TO TH E FI N AN CIAL ST A TEM ENTS
Year end¢d 31 December 1010
io
Costs of ralslng funds
The costs of Keneratinz fun& consist of investment management lees and are attr*utable to the restritted fund in
both year5.
(8) Support and governance Costs
The Chartty does not Incur support costs. Governance costs comprfse all costs Involving the publlc accountsbillty
of the charity and its compliance with regulation and good prnctice. Governance costs relate to charitable activities.
(h) Charitable activitiei
Costs of charitsblt actlvitie5 include grants rnade and governance cost5 as shown in note 3.
Reallsed galns and losses
I pins and los$e5 are taken to the Ststement of Financial Activities as they arise. Keali5ed gains and 1055es On
investments are calculated as the difference between sales proceeds and their opening Carr￿ng value or their
purchase value rf acquired subsequent to the first day of the financial year. Unrealised gains and10sses are calculated
as the difference berween the falr Value 2t the year end and thelr carrying value. Realised and unreatised investment
rdins and losses are combined in the Statement of Ananesal Actfvlties.
u)
Fkxed asset Inv•stmtnts
lttvesknents are a lorm of b￿1¢ financial instrument and are initially recogni¥ed ai their tyan¥a¢tion value anij
subsequendy rnea5ured at their fair y￿ue as ai the b31ance sheet date usinz the closing quoted market price. The
statern¢nt oi financial act￿ltIeS includes the net 8ain5 and10s5es arisin8 on revalua¢K)n and disposals throughout the
The Trust does not acquire put options, derivatives or other complex financial Sn$truments.
The m3in form of financial risk faced by the chariry 15 thac ol volaoliry in equity markets and investment rnarket¥
dve to wider economic condition5. the atti¢ude of investors ¢0 investment risk. and changes in sentirnent
concerrrin¥ equities withiTr particular sectors or sub sectors.
(k)
Credltors
Creditor5 are reco8nised where the chariw has a present oblirdtion resulllng from a past event thaL will probably
results in the tran51er gf funds to a third prry and the amount due to $etde the obli8a[￿n caTr b¢ measured or
estlmated rel￿bly.
Inv*stm*nt income
Restrictrd
Incom¢ Unr•Jtrlct•d
Fund
Fund
R¢5trict¢d
lTrcom• Unrestrlrt•
Fund
Fund
2020
Total
3019
UK bank hior•$t
UK equities
Ft<ed interest
371
371
199.543
4&117
1.733
1.733
l T9.390
53.231
199.543
48,117
179.390
53231
247,760
371
24&131
232.621
1.733
234.354

THE SWIRE CHARITABLE TRUST
NOTES TO THÉ FINANCIAL ST A TEMENTS
Yw ended 31 Dec¢mbèr 2020
Anatysls of Iharitable expenditure
The charity did not undertake any a¢tivity direcdy but met its charitable purposes by making don￿￿¢￿$ and grants.
2020
2019
1851 Martne Trust
240 Project
2874 Trust
Ablaze
Acrington Stanley Community Trust
Action *ainrt Cancer
Action For ConseThation
10.000
25.OOtI
5.000
10.000
25OQ
20.OOQ
15.OOQ
Age UK
Air League Trust
Alternatives Trust
Alzheirner's Research UK
Amber Foundation
Amgueddfa Cymru - National Museum Wales
knpney Crucis PCC
Andrew Clark Trust
Amonico Consort
Art History Link-up
Artern￿ Charitable Foundatton
Aspire
Assistance in Disabilirr
Ataxia UK
Autistyca
82rt5 Charity
Bath Abbey footprint project
Be Free Young Carers
BeatiTrg Time
8ecome
BEnjamin Franwin House
Berkshire Youth
Bipolar UK
Ble5rna
8let¢hely Park Trust
81is5
Bloodwise
BI￿ Wood
80ty & Sovl
Bolton Lads & Girls Clubs
Boost Employabllity
Breaking Barriers
Brtast Cancer Haven
Bristol Aèra Collection Trusty
Bristol Hospitality Ne￿rk IBHNI
8ritain Nepal Med*cal Trust
British Red Cross
Britlsh Refugee Council
Building Crafts & Conservation Foundatton
Building Heroes Education FOUnd￿lOn
Carried forward
42.028
15,orx)
i o.ooo
25.0(￿•
15.000
15.000
25.000
750
25OLI
3,500
1.250
ISOCI
5.OOQ
1.000
5.000
7,Sth)
10.000
5.000
20,C
25,000
25,000
5.wo
15,000
10,000
2.5(
5.000
10.000
15.000
29.640
17.000
6.000
25.OGQ
20.000
10.ooo
5.OOQ
5.OOQ
5.cilo
lo.￿0
I s.￿0
20X
15.lY)O
iomo
20mO
10.000
25.000
273.02B
409.640
14

THE SWIRE CHARITABLE TRUST
N OTES TO TH E FI NANC IAL ST A TEM E NTS
Yw ended 31 D¢c¢mber 20111
An￿y$l$ of ¢harltablé ￿P￿ndIture (contlnued)
Z030
2019
8rought lorvnrd
273.02B
409,640
Burma Star Memorral Fund
yrne Avenue Trust
Cais Ltd
Canine Partners
CardiTral Hume Centre
Care For Veterans
Career Rea
Carelreebreaks
Caritas Anchor House
Central London Samaritans
Chance ¢0 Shine
Charnwood 20..20 ￿wenty Twenty}
CHASE Africa
Chefs in Schools
Child Autism UK
Children's Literacy Charity
Chilton Foliat Community Association
Chinese Centre For CoThtemporary Art
Church of the Transfiguration - Lazeretto
Churches Conservation Trust
City & Guilds Of London Art khool
City year UK
Classics lor Al
Clean Break Theatre Company
Cle&n Rivers Trust
Clea￿1$tOn Project
CleaupUK
Coldharbour Mill Trust UmSted
Colley of Arms
Columba
Combat Srress
Commynicy Heart Proiert5
Compassion in Dying
Counte55 018recknock Hospice
Country Trurt
Courtauld Institute of Art Fund
Dame Vers Lynn ChildreTr's Chariry
Debace Mate 5ch*X*ls Llmml
Dementia UK
Derby Toc H Children's Camp
Diabetes UK
Drive Forward Foundation
E P Youth Ltd
Earth Trust
East London Shakespeare Festival
East Surrey Dial-A-Ride
Ecobirmingham
ECPAT UK
10,oth)
24,222
25,000
2500
2JOO
10.000
8,000
20.000
50.000
5,000
25.W)
8,￿)0
25,C
2300
3.240
2500
15.000
i.soo
5.(LlO
15,000
15.000
2500
2,730
5.000
50.000
20.000
2JOO
24,000
5.000
i &ooo
20.000
2Q,000
7,100
12.000
40.000
4Q.OQO
1.500
i o.oc
i 0,000
2JOO
25.000
s,000
33JOO
lo.(￿0
4,000
s,th)o
33.5¢)0
5.(KlO
10.000
31.784
31.784
7500
25,000
s,000
7500
6.000
35.OQO
911.664
30.000
Carried fot)Yard
662,864
15

THE SWIRE CHARITABLE TRUST
NOTES TO THE FINANCIAL ST A TEMENTS
Year ended 31 D•c•mb•r 2020
Analysls of charltabl• •xpendlture (tontlnuèd)
2020
2019
Brou8ht for*Ard
662
911.664
Fair Shares Glouce¥t¢r5hire
Fare Share
Felix Proiert
Field Lane
Reld¥ In frus¢
Food MacLers Foundation
Foijndation Of The College 01 St George
Freedom Kit Ba85
Fréshwater Habirats Trust
Freya Foundation
Friends Of Cathedral Mu51£
Future Frontiers
7JOO
2500
7JOO
25,OCKI
25.000
25,000
20,000
25(Xl
8.000
5,000
5,000
10,0
Garden Classroom ￿GC)
Giving World
Glob31 Generation
Glouctster Cathedral
Good Morning Service ￿ he)
Govan Her1￿e Trus¢ SCIO
Gréat Ormond Street Children's Charity
Greater Manchester Youth Nerwork IGMYN)
Grey Coac H05pitaS
Grpw
Halo Trust
Hands Up Foundation
Hearing Doy lor Deaf People
HELM TRAINING
15.000
20,125
115(Kl
2300
i 0,000
5.000
20.000
14.856
i 0.000
500
7500
20.000
40.000
10.000
2JOQ
7,5r
20.000
40.000
i 0.000
Helpforce Community Trust
Helping UKdThda Schools IHUGSI
Hereford Cathedral Perpetual Trust
Heritage Crafts Assocation
Heritage or London Trust
Heron Corn Mill18eethzml Ltd
Highground Projects ￿mited
Historlt Ctsventry Trust
Honourable C¢. of Air Pilot$ (Hong K¢ng Rewon}
Hi>pe for justi
Hcpe for T￿orroW
Hope UK
Horatyo's Garden
Horseworld Trust
Hull Ch¢ldreTr's University
Institute of Cancer Vacclnes & Immunotherapy (ICVII
I￿toun1VerSIly
Involve Leeds
I￿ana Trust
la￿ri Bristol
lunie'5 Farm
john Muir Trust
Carried forward
35.000
20.0
20,000
17JOO
25.0
50.000
16.000
10,oc
I s,0(
20.000
2JOO
s,oth)
24458
10.O(KS
20.0
10.000
20.000
15.000
&ooo
17.036
20.000
o.ooo
1,032.447
I J70J56

THE SWIRE CHARITABLE TRUST
NOTES TO TH E FI NAN CIAL ST A T EM E NTS
Year •nded 31 Dec•mb•r 2020
Analyslg of charltable expendlture {contlnued)
2020
2019
Brou8ht forward
1.032.447
I J7CIS56
lon E8w"ng Trust
Iu5dce And Care
Keep 8rit3in Tidy
Kenya Keys
Key Changes {Isling¢on Musl¢ Forum)
Key4Lrfe
Kldney Researth UK
KIDS
King Etsard Vll's Hosptral
Lake Distrirt Founda¢ion
Launch It
Leadershlp Through Sport & Business (LTSBI
League of Remembrance
Legh Building PresemvoTr Trust
Leigh Fllm Society CIO
Level Trnst
Lilecentre
Literacy FIr3￿¥
Llving Painun
Uama
Uanhilleth Miner5 Institute
London Youth
London's Free Open ￿r Thea¢re Season
London'5 Mr Arnbulance
Longfield Hall Trust
Loughborouzh Belwoundry Trust ￿h8>
Lowe Syndrorne Trust
Lowry Centre Trust (The)
Lullaby Trust
Lymphoma Actyon
Macrnillan Cancer Support
Magdalen College Development TrLtst
Magic Breakfast
Maue's
Marle Curl¢ Can¢er C¥e
MarinÈ Stsci¢ty & Sea Cad¢rs
Medital Aid For Ple¥tinians
Medicines for Muheza
men￿ Health UK
Michael Roberts Charitable Trust
Mighty Creatives (fhe)
Mtgrateful CIO
Miftehead Museum
Missing People
Mission Aviation Fellowship UK {MAF.UK)
Mlssion Rabies
Mi$51gn to S¢afar¢rs
21,0(#J
56.67Q
25,0(
5.018
5.t￿0
3200
20.(POO
5.QOO
20.1Th>)
25.QOO
10.c
10.c
10.c
io,ooo
7500
18.¢XKI
14.¢XKI
12JOO
5.QOQ
25.0(Kl
7.5(Kl
5.QOO
24JOQ
2 1.889
io.ooo
25.000
21.889
6.240
I&oL
50.000
2500
15.000
5.000
5.000
5.000
2.500
s.000
Is.000
2.51x1
1500
25.000
10.000
I,coo
25.000
1.000
3.334
5.000
20.000
15,OOD
4.￿0
10.0
5.000
5,000
2,500
25.000
25.000
Carried forward
1.508.264
1.654,479
17

THE SWIRE CHARITABLE TRUST
NOTES TO THE FINANCIAL ST A TEMENTS
Year ended 3 l Decernber 2020
Analysls of charl¢able exp¢ndltur• (contlnu•d)
2•10
2019
Brought forvrtrd
1.508.264
1.654.479
MNDA
MDbility Trust
Moghissi Laser Trust
Movement Centre (Th¢)
MS Society
Muscular Dystrophy UK
Musie In HosPita15 & Care
Mustsrd Tree
National Brain Appeal ITh¢l
Natlonal Emergencies Trust- Coronavirus App
Nation￿ Youth Theatre
Nehemiah Projett (The)
Nepacs
New Philanthropy C¥i¢al
No Limits (South)
Northern Leaming Trust
Oarsome Chance
One Parent Famil￿$ scotland
Open Kitchens
Oracle Caneer Trust
Orthard Proltct ICau5el Ltd
Omiiston Trust
Oxford Abuse & Cri515 Centre IOSARCCI
ncreati¢ Cao¢¢r UK
Parent Infant Foundaugn
Parents in Need
Par￿nSOn'S UK
PCC of Cheriton Parish
P*gplÈ's Trust For Endangered Speaes
Pèr50nal Support Unit
Pirnlico Musical Foundation
itt Rivers Museum. UnNersity of Oxford
Planters. Benevolent Fund of Ceylon
Possible
Prince's Foundation
Prison Advice and Care Trust
Prison Radio A550ciation IPRAI
Prosratt Cancer UK
Queen's UniYer$ity of Belfast Foundation
Ragged School Museum
Rarnsbury And Axford LCC
Ravensrliffe Cornmunity Association
Re.'Work Ltd
Read Easy UK
Red Thread
Refugee Action Kingston
ReKdin-The Tru$t For Sports Tetraple8iCS
Regenerate
Carried forward
5,QOO
s.000
5.QOO
2JOO
10.ooo
3,QOO
2JOO
2.500
5.000
15.000
5.000
450.000
2300
9AOO
30.000
25.000
25.000
10.200
20,0￿)
30,OC
50.OQO
15.000
2,500
20.0
10.0
12.5CKI
2.5CKI
5.QOO
5QO
3500
4.000
10,000
5.000
25.00)
2.C(10
s.￿0
25.0
2.000
20.01
15.OtXI
20.000
5.000
10.348
29.831
10.0
10,248
50.1)00
10.000
7500
12,500
7.StX)
10.000
25,000
I6.5￿)
20.000
1.000
15,rn)
2.370,344
1.951.327

THE SWIRE CHARITABLE TRUST
N OTES TO TH E FI NAN CIAL ST A TEM E NT5
Year ended 31 December 2020
Analys1$ of ¢haTitabl¢ expenditure (continued)
2020
2019
Brou£h¢ forward
2.370,344
1.951 J27
Right to Succeed
Rayal Acaderny of Art5
Royal Academy of Musl¢
oyal 8allet School
Royal Brirish Lew'on
Royal Brit15h Legion Industries
Royal Horticultural Society (The)
Royal Hospital for Neurts-Disabilitles
Royal Marines Ch%r¥Ey (fhÈl
Kuddl's Retreat
Sale Passage International
Salnt Francis Hospite
Sat)e
S2ve the Children
khool-Homt Supptsrt
Scope
Scotswotsd Naturtl Community Garthn
Seafarers UK
Seafarers Welfare Assistance Network SWAN
Setond Chanee Children'5 Charity
Shabang Inclusive L&irning
Sheerness Dackyard Preservation Tru51
Sheker
Siblings Tggeiher
Smart Works Charity
Snowdrop Projecc (The)
Soil Assotiauon
south DoWTh5 National Park Trust
Spencer Contact
SSAFA
Si Andrew's Youth Club
St Cuthbert's Centre
St Eoknrd's Church of En¥and School
Stlohn's Chureh W*teAoo
St Laurence Church & Cenrre. Cadord
St Luke'5 Hospice. &sildon
St Mary Le Bow Young Hornele55 Charity
St Michael and All Angels Clifton Hampden
Si Munzts's
St Peter'5 Church Notunz Hill
Si Petrock'5 (Exeterl
Si Vincent'5 Family ProFct
Startuponline
Steam Tug Brent Trurt
Step Together Volunte¢rlng
Stop the Traffik
Stow Maries Great War Aerodrorne
Stroke Association
50.000
50.000
25.000
4.000
15.QOO
3,500
15,000
15.000
40.756
25.000
40.756
25,000
2,500
7.500
5.000
3.OQO
3J34
20,0
i.￿0
12.500
5.000
2500
3.000
38.850
25,000
4.500
20,000
25,c￿0
25.or
29,477
20.000
2JOO
5,000
15.OQO
2500
10.000
70.042
2.500
15,OLXI
5,000
5,000
2,S(Xl
5,OC*)
10.0(
25.OOQ
2JOQ
5.OOQ
52.535
19.oc
3,000
25.CO)
25.000
15.000
rritd forward
2,900,654
2J41.267
19

THE SWIRE CHARITABLE TRUST
NOTES TO THE FINANCIAL ST A TEMENTS
Year ended 31 December 2021
Analy51s of chw4table expendlture (contlnued)
2020
2019
Brought forward
2.900,654
2J41J67
Style for Soldiers
Sue Ryder PalliatNe Care Hub South Oxfordshire
Suffolk Wildlrfe Trust
Surfers Against Sewage
Survivors CY Human Traffscking In ScOt￿nd
Sutton Trust
Teach First
Team Rubicon UK
Teen4e Cancer Trust
Tenterden Memory Café
Thackray Medical Museum
Thames Hospice
Thelsle ofwight Bus and Coxh Museurn Lrd
The Passage
The Sustainability Centre
The Tectona Trust
The Village
Theatre5 Trust
Thinkforward UK
Thoma$ Morley Trust
Thornton & Allerton Communl£y ASSN
Thumb5 Up Club
Tommy's
Trailblazers Mentorlng Lttl
Transitions UK
Tron Theatre
Trussell Trust
Trust For Su$tsiTrablE
Turde KLY Arts
Ufton Court EdU¢atIon￿ TNst
Unicorn Prese￿atiOn S0d¢iy
University of Briswl
Universiry gf East Anglia
University d West London
Unseen UK
Versus Arthritys
Veterans Farm Able Foundation
Villier5 Park Educational Trust
Walking wth the Wtrunded
War Memoriak Trust
Watermlll Foundarion knmited
wave￿eY Stearn Navi8a¢ion Co Ltd
Wellington Trusi
West London Zone
West Somerset Railway Assaciation (WSRAI
Westminster Foodbank
Wheelyboat Trust
Whidow Hall Farni TrusE Umked
2.000
10.oc
12,420
2.500
10.0
20,000
50.000
23.000
2.000
1.000
25.000
2500
25,0(
10.oc
9.oc
53.334
20.000
15.OTrJ
2.500
40.000
24,000
2500
24.000
2.500
s,000
20.000
15.000
20.QOO
2.500
15.¢XQ
10.00)
5.000
io.ooo
21790
2500
10.000
32.963
25,tx)o
10.000
10,650
50,000
10.(
i 0,00)
10.GOQ
5.GOQ
20.OOQ
5.000
25.000
10.000
25.000
16.521
S,C#)O
15,000
Carried forward
3,253,535
2.814.564
20

THE SWIRE CHARITABLE TRUST
NOTES TO THE FINANCIAL ST A TEMENTS
Ye•T ended 31 December 2020
Analysis of charitable expenditurn (contlnued)
2020
2019
Brouzht forbvard
3253.53S
2.814J64
Whitchurch Silk Mill Trust
Whitechapel Centre
Whi2z Klds
Whg Cares? ScoiLind
Wlltl Abouc Clifftsrd
Wild Ilanet Trust
Wycorne Yourh Action
Yehudi Mthuhln School
York Minster Fund
Young Carers Development Trust
Young Ealing Foun&tion
Young Enterprise Scotland
Young Glouce5ter5hire
Youih A¢knture Trust
12.000
10,000
25.000
i o.Tr)o
25.000
10.000
5.(XlO
10.000
15.000
24.787
25.000
3.293.535
2.964J51
Donations and grants of le35 than £ 1,000 durinz the year
Grant wfting for educational scholarthip stheme
Total donations
2,750
923.193
824.315
4.117.850
3A90.294
)vemonce costs olloc¢*ed to choritatle Gctivitie
Consultancy cost5
Audltors remuneration
Bank ¢harz¢s
Management fee5
Advtrrising
65,382
5.580
85.212
5.460
125
36.000
1.494
340th)
176
107.189
128291
4.225.039
4.018J85
In 2020 £3,361.748 (2019 _ 13.044.796) of ¢haritabl¢ expenditure related to the unrestricted fund and £863,291
12019- £973.7891 rela￿d to the restr(¢td incorne fund.

THE SWIRE CHARITABLE TRUST
NOTES TO THE FINANCIAL ST A TEMENTS
Year ended 31 December 21110
Flxed a55et Investments
2020
2019
Quoted invtstmerti
Market v7lu¢ at Start of year
Additions at cost
Disposal proceeds
Net reali5ed1105se5llzain5 on dispw
Net unr¢alls¢d investrneTrt gain5
Market value at end of year
10.357.055
1,991.641
(3,102.771)
149.577)
314,414
10.277.972
6.402,823
(7,132,980)
33.681
776.459
9.510.762
IOJ57.Q55
The historical rost of investments at 31 December 2020 was £8.036.15212019- £9.097,895}.
There were 7 investments in indiwdual entitses held at 31 December 2020 which were over 5% ol the portfolio by
value (Including cash depostt(sll and are Eher¢fore considered by the Trustees to be material in the context of the
investment portfolio.
968.621 Sara5in Global Higher Dividend ISteAing Hedgedl- I Inc- Market £1.494.582 {15.7%)
801,564 S¥asin Global Dividend I Inc- Market value £1.464.458 {15.4%1
929,984 Sara$ln Sterling Bond- I In¢- Market value £l.125.280111.8%)
982,134 Sara%in Fund for Chari¢ies- Thernatic UK Equity {G8PI- X Inc - Market value £1.071.509111.3%1
705,728 Sarasin Income and Reserves Fund Cl•s$ A 5TP- Mark¢c £829.231 {8.7%1
6,005 ICS-INS Sterl Llq-HeritsgÈ ACC IBlackrockl- STP- Market vlue £631.11016.6%1
3.S30 Inv¢s¢o Physiol Gold- Market value L473.559 {5.0%1
The net reali5ed gain5 on investment in both years related to the réstrleted exp¢ndablt endowment fund.
The charity is partly reliant on investment in<ome in the form of intsrest and dividends received on investmtnTS
held.
Creditor5
2020
2019
Amounts falllng due wlthln one year
DonarIon￿gran[S payable
Accruals
Othtr crEditor5
542.000
5.580
461.027
T46.OQO
5,486
801.471
I,Crf)8.607
I J52.959
Amounts falllng due after one year
Donationslzrants payablo
624.¢)00
481.(Xkl
1,631607
2.033.959
22

THE SWIRE CHARITABLE TRUST
NOTES TO THE FINANCIAL ST ATEMENTS
Year ended JI December 2020
Analy$15 of net ass¢ts b¢tween fundi
Restrlcted
Endowment Unrestrlcted
Funds
Funds
Total
Fund bI￿nceS as at 31 December 2020 are represented br.
Debtors
Cash at bank and in hand
Creditors
3,715
472.356
11.627,0871
2.500
6.215
893,836
1.366.192
15.5201 11.632,6071
890/16
1260.2C(I)
lTrvestments
9,510.762
9,510.762
.359,746
890.616
9.250.562
Reconciliation of net mov•m•nt in funds to net cash Ilow from operatbng actlvltles
2020
Total
2019
Totsl
Net movement in funds
Deduct income from investments
Gain$ on inv¢$DrÈnrs
Increase In creditor5
Decrease in debtors
444,713
1248.1311
{264.837)
{401,3521
540
33.269
(234.354)
(810.141)
(72.062)
1.808
Net cash used in operating activities
1469.0671 (1.081.4801
Related party transartlon5
During the year fvhn SwirÈ & Sons Limited. a company in which the Trustrex have a particlpatinz interesl Pve
donations writhout conditions of £4,189,12612019 - £3.0(￿,000} and paid expen$¢s on the charity'$ beh•W totalling
£794,123 rI019 - Ll,187.6471. At the year end £461.027 12019 - 1801,4731 was owed to john Swire & Sons
Limited.
During the year the charity a0￿anCed a loan ol £IOO.00012019 - £nill to the john s￿re 1989 Charitable Trust, a
trust in which B N Swire and J S Swire are Trustees. The loan was interest free and repayable on the demand. At
the balance sheet date the arnount owed wa5 £nil.
During the year. the Trustees received nu efflolumeTrts or reirnbursernent of expenses for their servKes QO19 .
23

THE SWIRE CHARITABLE TRUST
NOT ES TO T HÉ F I NAN C IAL ST A T EM E NTS
Year ended JI December 2020
Flnanclal ass•ts and Ilabllltles
The foll¢)wing are financml liabilities that 9ualfy as basic financlal Insfruments and are tnitlalty recognised at
transaction value and subsequendy measured at their amortised COSL
Flnanclal Ilabllltles
2020
2019
Ac¢rua15
Other ereditors
Donatknnslgrants payaW*
5.580
461.027
1,166,000
5,486
801.473
1.227,QOO
1.632,607
2.033.959
The follo￿n¥ are financial assets thai qualify as basic financial instrument5 and are initially reco8Dised at their
transaction rdlue and subsequendy measured a¢ cheir fair value as at the balaTr£e sheet date using the closing quoted
market prlce..
Flnanclal assets
Quoted investsnents
9.510.762
10.357.055
9.510,762
10.357.055
24