2021-12-31-accounts - The Swire Charitable Trust

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		Page
General information
Report ofthe trustees
Auditor's report
Statement offinancial	activities
Balance sheet		IO
Statement ofcash flows
Notes to the financial	statements	12

Established	by deed	23 December	23 December	1975	1975
Charity number		270726
Trustees		B N Swlre
		J SSwire
		M 8 Swire
		SC Swire
		M VAfifrey
		R Hogg		(appointed				6 April			2021)
		Power to appoint			new		Trustees				was	vested		in	the Settlers
		during their		lifetimes			and		thereafter				in	the		Trustees,
		provided chat there			are always at						least	five	Trustees.
Settlers		Sir John Swire		CBE			(deceased)
		Sir Adrian Swire					(deceased)
Trust fund		6100, and further monies,						securities,				land	chattels or other
		investments	donated			upon		and subject				to the		same trusts.
Objects		Such charities		or for		such		exclusively				charitable			purposes		as
		che trustees	may determine.
Investment		The Trustees		have		powers			of	investment				as	if absolutely
		entitled to the		Trust		Fund		beneficially,				including				a power	to
		invest surplus	Income.
Investment	managers	Sarasin & Partners			LLP
		Juxon House
		100St Paul's	Churchyard
		London
		EC4M BBU
Auditors		Dixon Wilson		Audit		Services			LLP
		22 Chancery	Lane
		London
		WC2A ILS
Sogcltors		Bircham Dyson		Bell						Laster		Aldridge
		SO Broadway								I	King	Street
		Westminster								London
		London								EC?V		BAU
		SWI H OBL
Bankers		Coutts &Co
		440 Strand
		London
		WC2R OQS
Address		Swire House
		59 Buckingham		Gate
		London
		SW IE 6AJ

				Restricted
				Expendable	Restricted
				Endowment	Income	Unrestricted	2021	2020
				Fund	Fund	Fund	Total	Total
			Note	E	6	6	6	6
Income and endowments		from:
Investments					233,904	70	233,974	248,131
Donations and legacies						3,000,000	3,000,000	4,189,126
Total income and endowments					233,904	3,000,070	3,233,974	4,437,257
Expenditure on:
Raising funds					17,279		17,279	32342
Charitable activities					509,034	3,592,522	4,101,556	4,325,039
Total expenditure					526,313	3,592,522	4,118,835	4557381
Net gains on investment	assets		4	645,358			645,358	264,837
Net Incomel(expenditure)				645,358	(292,409)	(592,452)	(239,503)	444,713
Transfers between funds				(292,409)	292,409
Net movement in funds				352,949		(592,452)	(239,503)	444,7/3
Reconciliation offunds:
Fund balance brought forward
at I January 2021				8,359.746		890,816	9,250,562	8,805,849
Fund balance carried	forward
at 31 December 2021				8,712,695		298,364	9,011,059	9,250.562

					Note	2021	2020
Fixed assets						E	6
Investments					4	9,478,358	9310,762
Current assets
Debtors						6,480	6315
Cash at bank	and in	hand				810,558	1,366,f92
Liabilities						817,038	1,372,407
Creditors: amounts		falling due within one year				(840,337)	(1,008,607)
Net current	assetsl(liabilities)					(23,299)	363,800
Creditors: amounts		falling due after		one year		(444,000)	(624,000)
Net assets						9.011,059	9,250,562
The funds ofthe charity:
Restricted expendable Unrestricted income			endowment fund	funds		8.712,695 298,364	8359,746 890,8I6
						9,011,059	9750562

					2021	2020
				Note	Total	Total
						6
Net cash used in operating activities					(1,467,370)	(469.067)
Cash flows	fram investing etgvldest
Dividends	and interest				233,974	248,13I
Proceeds	from sale of investm earn				2,889.567	3,/02,77I
Purchase	ofinvestments				(2,211,005)	(1,991.64 I)
Net cash provided by		investing	activities		911,736	I359,26I
Change	In cash and cash equivalents				(555,634)	890,I94
Cash and	cash equivalents	brought	forward		1,366,192	475,998
Cash and	cash equivalents	carried	forward		810,558	I366,192

(I)	Creditors
Creditors	are recognised			where	the «hality		has	a present		obligation resulting			froln a	past event that will probably
results in	the transfer		of funds to a third			party		and	the	amount	due to	settle the obligation			can	be measured or
estimated	reliably.
Investment		income		Restricted								Restricted
					Income		Unrestricted				2021		Income	Unrestricted			2020
					Fund			Fund			Total		Fund		Fund		Total
									6		6		6			8	8
UK bank interest									70		70				371		371
UK equities					201,490						168,341		199.$43				199,543
Fixed interest					32,414						32,414		48,217				48,217
					233,904					233,974			247,760		371		248,131

3. Analysis ofcharitable		expenditure	expenditure
The charity did nat undertake		any activity direcdy but met its charitable		purposes	by making donations	and grants.
					2021	2020
						g
240 Project ABandofBrothers					20.000	5,000
Able Child Africa					10,000
Above Adventure					30,000
Afghanistan and Central Asian	As		sociatian		10,000
Age UK Air League Trust Aldridge Foundation					15,000 10,000	42,026 15,000
Alternadves Trust Alzheimer's Research UK Amber Foundation					1,500 15,000	I0,000 25,000
Armonico Consort Arrz Hismry Link-up Ashden					30,000 5,000 30,000	3,500 5,000
Autlstica					5,000
Barts Charity Bath Abbey footprint project Bath Industrial Herimge Trust					10,000 10,000	5,000 7,500
Beating Time Became					20,000 25,000	20,000 25.000
Benjamin Franklin House Berkshire Youth Bipolar UK Bees and Refugees					2,500	5,000 5,000 5,000
Belong					24,000
Berks, Bucks and Ouon Vyildllfe Blood Cancer UK (Blaodwise) Big Issue		Trust (8BOWT)			50,000 5,000 25.000	5,000
Sultan Lads BGirls Clubs Brake					10,000 12,500	I0,000
HN) Breaking Barriers Bristol Aero Collection Trust Bristol Hospitality Network (8 British Red Cross Bridsh Refugee Council					20,000 20.000 55,000	I5,000 20,000 I5,000 I0,000 20.000
Burma Star Memarial Fund Byrne Avenue Trust Cais Ltd Calvert Trust Exmaor					30.000	I0,000 24,222 25,000
Cardbaard Citizens					15,000
Cardiac Risk In The Young					1,500
Cardinal Home Centre Care for Veterans Carefree					10,000 25,000	25,000 6.000
Carried forward					552,000	365250

3. Analysis ofcharitable	3. Analysis ofcharitable	3. Analysis ofcharitable	3. Analysis ofcharitable	expenditure	expenditure	2021	2020
							6
Brought forward						552,000	365,250
Caritas Anchor House						7,500
Central London Samaritans							25,000
Cathedral Music Trust						2,500
Chailey Heritage Foundation						5,000
Chance to Shine						2,500
Charnwood 20:20(Twenty Twenty)						15,000
CHASE Africa						2,500	2,500
Chichester Ship Canal Trust						20,000
Child Autism UK						5,285	5,000
Childnet International						25,000
Children's Literacy Charity						15,000	15,000
Chinese Centre for Contemporary					Art	5,000	5,000
Church ofthe Transfiguration				—Lazeretto			2,730
City Hearts						30,000
City year UK						25,000
Clean Rivers Trust						20,000	18,000
CleanUPUK						15,000	20,000
Cleveland Pool Trusts						5,000
College ofArms							7,100
Columba							12,000
Combat Stress						40,000	40,000
Corn Exchange						1,000
Coventry Refugee and Migrant				Centre		20,000
Cruse Bereavement Care						25,000
Cystic Fibrosis Care						15,000
Dame Vera Lynn Children's			Charity				5,000
Debate Mate Schools Limited						33,500	33,500
Dec Indian Coronavirus	Appeal					25,000
Dementia UK						5,000	5,000
Diabetes UK							10.000
Ddve Forward Foundation							31,784
E:Merge						15,277
East London Shakespeare		Fesdval				2,500
Ega's Home						23,871
Endeavour Training Ltd						15,000
E P Youth LTD						10,000
Earth Trust							25,000
East London Shakespeare		Festival					5,000
ECPAT UK							30,000
Falkland Hall Charity						10,000
Fare Share						20,000	2300
Felix Project						5,000
Field Lane							5,000
Fields in Trust						25,000	25,000
Foundation ofThe College		ofSt George				30,000	20,000
CarRed forward						1,073,433	715,364

analysis ofcharitable expenditure	(continued)	2021	2020
		E	E
Broughtforward		1,073,433	7(5,364
Freedom Kit Bags Fife Employment Access Trust Foodcycle Foxcote Manor Society Front Lounge Future Frontiers Garden Classroom (TGC) Global Generation Gloucester Cathedral Good Morning Service (The) Goodwill Centre Sihanoukville Greenhook Fishing Grey Coat Hospital GROW Growing Works Halo Trust Hand ofSolace Hands of Hope Hands Up Foundation Hearing Dogs for Deaf People Helm Training Helpforce Community Trust Helping Uganda Schools (HUGS) Heritage Crafts Assocation Heritage of London Trust Hestia Housing and Support Highground Projects Limited Highlands 6 Islands Environment Foundation Holy Irinity Foodbank Stroud Green Hope for Justice Hope for Tomorrow Horatio's Garden Horseback UK Horseworld Trust Household Division Fund Organ Replacement Hull Children's University Humans MCR Inlobuzz Innovations for Learning UK Institute ofCancer Vaccines 8 Immunotherapy IntoUniversity Island Trust )ernie's Farm John Swire 1989Charitable Trust Jon Egging Trust	(ICVI)	25,000 20,000 3,500 15,000 25,000 10,000 2,500 2.500 5,000 14,000 10,000 10,000 4,750 10,000 2,500 10,000 20,000 15,000 30,000 25,000 21,157 25,000 7,500 2,500 15.000 5,000 24,000 26,458 10,000 10,000 20,000 15,000 15.000 25,000 20,000 25,000 21,000	2,500 10,000 5,000 20,125 12.500 5,000 7,500 20.000 40,000 10,000 35,000 20,000 25,000 10,000 15,000 5,000 26,458 10,000 20.000 10,000 8,000 100,000 21,000
Carried forward		1,620,798	1,153,447

3. Analysis ofcharitable	3. Analysis ofcharitable	3. Analysis ofcharitable	3. Analysis ofcharitable	expenditure	2021	2020
						6
Brought forward					1,620,798	1,153,447
Justice and Care						56,670
Keep Britain Tidy						25,000
Kenya Keys					7,500	5.0ig
KEY4LIFE					20,000	20,000
Keyfund Federation Ltd					22,601
Kilmartin Museum					5,000
Kids						5,000
King Edward Vll's Hospital					25,000
Lake District Foundation						10,000
launch It					10,000	10,000
Leadership Through Sport		8 Business (LTSB)			15,000	10,000
League of Remembrance						5,000
Learn English at Home					6,638
Leigh Building Preservation		Trust				i8,000
Le@ Film Society CIO						14,000
Leprosy Mission England	and		Wales		2,500
Level Trust					19,772
Link to Change					15,000
Literacy Pirates					25,000	25,000
Living Paintings					5,000	7300
London Scottish Regimental			Trust		13,500
Llanhilleth Miners Institute						21,8889
Lord Kitchener Holiday Centre					10,000
Lowry Centre Trust					15,000
London's Air Ambulance						6340
Longfield Hall Trust						18,000
Loughborough Begfoundry		Trust				50,000
Lullaby Trust					5,000	5,000
Lymphoma Action						5.000
Macmillan Cancer Support					1,000	5.000
Magdalen College Development				Trust	5,000
Magic Breakfast						I5,000
Marie Curie Cancer Care						2,500
Marine Society 8Sea Cadets					15,000	25,000
Medical Aid for Palestinians						10,000
Medicines for Muheza						1.000
Medical Detection Dogs					2,500
Mentor Link					15,000
Mighty Creatives						20,000
Migrateful CIO					7,500	15,000
Mills Archive Trust					23,289
Mind in Mid Herts					2,090
Minehead Museum						4,000
Missing People						10,000
Mission Aviation Fellowship			UK	(MAF-UK)	6,412	5,000
Mission to Seafarers					25,000	25,000
Carried forward					1,946,100	1,608,264

3. Analysis ofcharitable	expenditure	expenditure	2021	2020
			6
Rrought forward			1,946,100	L608,2f4
Mobility Trust Moghissi Laser Trust Movement Centre			5,000	5,MO 2400
Monte San Martino Trust Music In Hospitals 8Care Mustard Tree Mybigcareer			20.000 15,000 12,500	5,000 15,000
Mybnk National Emergencies Trust - Coronavirus National Youth Advocacy Service		Appeal	24,000 10,000	450,000
Nautical Institute			2,500
Napaea New Philanthropy Capital No Limits (SOUTH) Oarsorne Charce Ocean Generation			30,480 25,000 25,000 5.000	30,000 25,000 20,000
One Parent Families Scodand Open Kitchens Old Kilpatrick Food Parcels			4.000	30,000 I,000
Orchard Project (CAUSE) LTD Orchestra ofthe Swan			20,000 3.223	20,000
Onniston Trust Oxford Abuse 8 Crisis Centre Our Time Pancreatic Cancer UK Parent Infant Foundation	(OSARCC)		20,000 17,160 10,000	10,000 12,500 2&00
Parkinson's UK			2,000
Petty Pool Trust Pitt Rivers Museum, University ofOxford Planters' Benevolent Fund ofCeylon Possible Prince's Foundation Prevent 2 Protect			5,000 2.000 5,000	25,000 2,000 5,000 25,000
Prison Radio Associauon (PRA) Prison Advice 8 Care Trust Prostate Cancer UK Queen Elizabeth Scholarship Trust Queen's Univemity Of Begast Foundation Ragged School Museum Ramsbury And Axford LCC Ravensclilfe Community Association			35,000 5,000 15,000 10,000	29,832 10,000 10,248 50,000 10,000
lterWork Ltd			12,000
Read Easy UK Red Thread Refugee Action Kingston			10,000 24.000	10,000 25,000 16,500
Carried forward			2,319,963	2,455,344

3. Analysis ofcharitable	3. Analysis ofcharitable	3. Analysis ofcharitable	expenditure	2021	2020
				6	6
Brought forward				2,319,963	2,455,344
Regain-The Trust for Sports Tetrapleglcs				10,000
Regenerate					15,000
Right To Succeed				25,000	50,000
Royal Air Force Museum				10,000
Royal Academy of Music					3,500
Royal Ballet School				15,000	15,000
Royal British Legion					15,000
Royal Briitish Legion Indusrries				40,756	40,756
Royal Horticultural Society					25,000
Royal Hospital for Neura-Disabilities				5,000
Royal Marines Charity					25,000
Ruddi's Retreat				19,572	2,500
RWA				20,000
Safe Passage international				15,000	7.500
Saint Francis Hospice				10,000	5.000
Saving The Elephants				2,500
School-Home Support				20,000	20,000
Scape					I,000
Sifa Fireside				25,000
Single Homeless Project				17,130
Sirens Therapeutic Horsemanship				10,000
Second Chance Children's		Charity			3,000
Social Care Institute for Excellence				15,000
Spitalfields Crypt Trust				20,000
Shelter					5,000
Species Recovery Trust				5,350
Snowdrop Project					25,000
Soil Association				25,000	29,477
South Downs National	Park Trust			24,O00	20,000
Spotlight Uk				19,240
SSAFA				5,000	10,000
StAndrew's Youth Club				15,000	78,042
St Edward's Church of England School					2,500
StJohn's Church Waterloo					15,000
St Laurence Church ECentre. Catford					5,000
St Mary Le Bow Young	Homeless		Charity	2,500	2,500
St Sampson's Church				7,500
Standout Programmes				25,000
St Michael and All Angels Clifton			Hampden		5.000
St Mungo's					10,000
St Vincent's Family Project					52,535
Startu pon line					19.000
Steam Tug Brent Trust					3,000
Step Together Volunteering				25,000	25,000
Stop the Traffik				46,003
Carried forward				2,799,514	2,990,654

s. analysis ofcharitable expenditure (continued)	2021	2020
	E	E
Brought forward	2,799.514	2,990,654
Stow Maries Great War Aerodrome Straight Talking Peer Education Stroke Association Style for Soldiers Sue Ryder Palliative Care Huh South Oxfordshire Suffolk Wildlife Trust Surfers Against Sewage Survivors of Human Trafficking in Scotland Support Through Court Suzy Lamplugh Trust Teach First Tees Valley Women's Centre Ltd Thai Buddharam Temple and Cultural Centre The Baca Charity The Bryntail Cottage Charity The Forward Trust The Isle ofWight Bus and Coach Museum Ltd The Passage The Green Team The Tectona Trust The Village Theatres Trust Thinkforward UK The Haven Wolverhampton The Lantern Trust Thumbs Up Club The Louise Project The Muirhead Outreach Project Ltd The Passage The Prince's Foundation The Scottish Flag Trust The Seafarers' Charity The Snowdrop Project The Springhead Trust Ltd The Talent Foundry The Village The Whale Company The Wheelyboat Trust Theatre Development Trust -Theatre Artists Fund Theatres Trust Trailblazers Mentoring Ltd Transitions UK Trelya Trussell Trust	15,000 10,000 2,500 35,000 5,000 25,000 20,000 10,000 15,000 70,000 5,000 15,000 10,000 3,000 10,000 10.000 5.000 25,000 15,000 5,000 25,000 23,950 30,000 5,000 5,000 5,000 20,000 25,000 20,000 15,000 20,000 25,000	5,000 5,000 I0,000 12,420 2,500 IO,OOO 25,000 I0,000 9,000 I5,000 2,500 40,000 24.000 2,500 I5,000 IO,OOO
Carried forward	3,278,964	3,/88,574

3. Analysis ofcharitable	3. Analysis ofcharitable	3. Analysis ofcharitable	3. Analysis ofcharitable	3. Analysis ofcharitable	expenditure	expenditure	2021	2020
							E
Brought forward							3,278,964	3,188,574
Trust for Sustainable	Living							5,000
Turtle Key Arts								5,000
Ufton Court Educational		Trust					5,000
Unicron Preservation	Society						10,000
University of Bristol								22,790
Upreach Charitable	Company						23,000
Unseen UK							25,000	25,000
Versus Arthritis								10,000
Veterans Farm Able	Foundation							10,650
Veterans Lifeline							10,000
Vigiers Park Educational		Trust					20,000
Walking with The Wounded								I0,000
War Memorials Trust							10,000	10,000
Wellington Trust							5,000	5,000
West Landon Zone							20,000	25,000
Wesoninster Foodbank								16,521
Wheelyboat Trust								5,000
Whirlow Hall Farm	Trust		Limited					15,000
Wild Ground							24,373
Wilton's Music Hall							20,000
Who Cares! Scodand								25,000
Wild About Clifford								10,000
World Literacy Foundation							15,000
Wycombe Youth Action							5,000	5,000
WWF —UK							25,000
Yeovil Rivers Community			Trust				5,000
							3,501,337	3,393535
Grant gifting for educational				scholarship		scheme	469,648	824,3I5
Total donations							3,970,985	4,117,850
Cavernance casts allocated		ta charitable			aaivitfesr
Consultancy costs							88,227	65,382
Auditor's remuneration							5,880	5,580
Bank charges							54	51
Management fees							36,000	36,000
Advertising								176
Expenses							410
							130,571	107.189
							4,101,556	4,325,039

Fixed asset investments	2021	2028
Quoted investments	E	E
Market value at start of year Additions at cosr Disposal proceeds Net realised gains/(losses) on disposal Net unrealised investment gains	9,510,762 2211,805 (2,889,567) 174,532 470,826	/0,357,055 1,991,64/ (3,102,77I) (49.577) 3/4,414
Market value at end ofyear	9,478,358	95/0,762

S. Creditors		2021	2020
		E	E
Amounts falling	due within one year
Donations/grants Accruals Other credltots	payable	283,000 6,304 551,033	542,000 5.500 46/,02/
Amounts faglng	due after one year	840,337	1,008,607
Donations/grants	payable	444,000	624,000
		1,284,338	/,632,607

6. Analysis ofnet	6. Analysis ofnet	6. Analysis ofnet	6. Analysis ofnet	assets between	assets between	funds
							RestHcted
							Endowment Unrestricted
							Funds	Funds	Total
							E	E	E
Fund balances	as at 31			December 2021 are represented			by:
Debtors							3,980	2,500	6,480
Cash at bank and in		hand					416,329	394,229	810,558
Creditors due	within		I	year			(741.972)	(98,365)	(840,337)
Creditors due	in more			than	I year		(444,000)		(444.000)
Investments							9,478,358		9,478,358
							8,712,695	298,364	9,011,059
Reconciliation				ofnet movement		in funds to	net cash flow from operating	activities
								2021	2020
								Total	Total
								E	E
Net movement	in funds							(239,503)	444,7/3
Deduct income	from		investments					(233,974)	(248,13/)
Gains on investments								(645,358)	(264,837)
Increase ln creditors								(348,270)	(401,352)
(Increase)/decrease		in	debtors					(265)	540
Net cash used	in operating				activities			(1,467,370)	(469,067)

Financial liabilities	Financial liabilities	202I	2020
		6	6
Accruals Other creditors Oonationsfgrants	payable	6,304 551,033 727,000	s,seo 46I,027 I,I66,000
		1,284.337	I.632,607