##
##
##
##
##
##
##
##
|||Page|
|---|---|---|
|Trustees'
report||1-2|
|Statement oftrustees'|responsibilities||
|Independent
auditor's|report|4-6|
|Statement offinancial|activities||
|Baiance sheet|||
|Statement of cash flows|||
|Notes to the financial|statements|10-16|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||Unrestricted|Endowment|Total Unrestricted|Total Unrestricted|Endowment|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||funds|funds||funds|funds||
|||||2022|2Q22|2022|2021|2021|2Q21|
||||Notes|||||||
|~lne
me freer||||||||||
|Donations
and|legacies||2|||||5,095,170|5,095,170|
|Investments|||3|3,844,088||3,844,088|3,661,714||3,661,714|
|Total income and||||||||||
|endowments||||3,844,088||3,844,088|3,661,714|5,095,170|8,756,884|
|x e dit reon:||||||||||
|Charitable
activities|||4|4,465,896||4,465,896|3,455,127||3,455,127|
|Net gainsl(losses)||on||||||||
|investments|||||(39,917,692)|(39,917,692)||54,193,991|54,193,991|
|Net movement|in|funds||(621,808)|(39,917,692)|(40,539,500)|206,587|59,289,161|59,495,748|
|Fund balances|at 6April|||||||||
|2021||||3,219,804|168,111,605|171,331,409|3,013,217|108,822,444|111,835,661|
|Fund balances at||5||||||||
|April 2022||||2,597,996|128,193,913|130,791,909|3,219,804|168,111,605|171,331,409|
##
##
##
|||||2022|2021|
|---|---|---|---|---|---|
||||Notes|||
|Fixed assets||||||
|Investments|||10|128,193,913|168,111,605|
|Current assets||||||
|Debtors|||12|1,682,612|122,877|
|Cash at bank and|in|hand||928,319|3,106,023|
|||||2,610,931|3,228,900|
|Creditors: amounts||falling due within||||
|one year|||13|(12,935)|(9,096)|
|Net current assets||||2,597,996|3,219,804|
|Total assets less|current liabilities|||130,791,909|171,331,409|
|Capital funds||||||
|Endowment
funds|—general|||128,193,913|168,111,605|
|Income funds||||||
|Unrestricted
funds||||2,597,996|3,219,804|
|||||130,791,909|171,331,409|
##
##
##
|||||2022||2021||
|---|---|---|---|---|---|---|---|
||||Notes|||||
|Cash flows from operating||activities||||||
|Cash (absorbed
by)/generated
operations||from|16||(6,021,792)||3,139,978|
|investing|activities|||||||
|Gift ofshares||||||(5,095,170)||
|Investment|income received|||3,844,088||3,661,714||
|Net cash|generated
from/(used
in)|||||||
|investing|activities||||3,844,088||(1,433,456)|
|Net cash|used in financing|activities||||||
|Net (decrease)/increase
in||cash and|cash|||||
|equivalents|||||(2,177,704)||1,706,522|
|Cash and|cash equivalents
at beginning||ofyear||3,106,023||1,399,501|
|Cash and|cash equivalents|at end of|year||928,319||3,106,023|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||2022|2021|
|---|---|---|---|---|
|Donations|and|legacies||5,095,170|
##
##
|||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2022|2021|
|Income from||listed investments||3,843,678|3,661,210|
|Interest receivable||||410|504|
|||||3,844,088|3,661,714|
|Charitable|activities|||||
|||||2022|2021|
|Legal and|professional||fees|8,029|9,018|
|Grant funding||ofactivities (see note 5)||4,420,829|3,418,500|
|Share ofgovernance|||costs (see note 6)|37,038|27,609|
|||||4,465,896|3,455,127|
##
##
##
##
##
||||2022f|2021|
|---|---|---|---|---|
|Grants to|institutions:||||
|Education|||1,326,325|1,059,500|
|Health|||1,314,004|769,750|
|Children|&youth||468,500|343,000|
|Overseas|||402,000|333,000|
|Homeless|||265,000|235,000|
|Community|||120,000|57,500|
|Emergency|||120,000|310,000|
|Social provision|||205,000|157,000|
|Family|||74,000|42,500|
|Armed Forces||/ Ex-Service|60,500|52,500|
|Elderly|||30,500|13,750|
|Rescue services|||35,000|35,000|
|Religious||||10,000|
||||4,420,829|3,418,500|
##
|Support a|nd governance
costs||||
|---|---|---|---|---|
|||2022|2021|Basis ofallocation|
|Staff costs||33,258|23,956|Staff time|
|Audit fees||3,780|3,653|Full cost|
|||37,038|27,609||
|Analysed|between||||
|Charitable|activities|37,038|27,609||
##
##
|8|Employees|||||||
|---|---|---|---|---|---|---|---|
||Number ofemployees|||||||
||The average
monthly||number ofemployees||during the year was:|||
|||||||2022|2021|
|||||||Number|Number|
||Administration|||||||
||Employment
costs|||||2022|2021|
||Wages and salaries|||||33,258|23,956|
|9|Net gains/(losses)|on investments||||||
|||||||2022|2021|
||Gain/(loss)
on revaluation|||of investments||(39,917,692)|54,193,991|
|10|Fixed asset investments|||||||
||||||||Listed|
||||||||investments|
||||||||K|
||Cost or valuation|||||||
||At 6April 2021||||||168,111,605|
||Valuation
changes||||||(39,917,692)|
||At 5April 2022||||||128,193,913|
||Carrying
amount|||||||
||At 05April 2022||||||128,193,913|
||At 05April 2021||||||168,111,605|
##
##
##
|11|Financial
instruments|Financial
instruments|||||||||2022f|2021f|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||Carrying
amount|of|financial|||assets|||||||
||Equity instruments|measured||||at cost less impairment|||||128,193,913|168,111,605|
||Carrying
amount|of|financial|||liabilities|||||||
||Measured
at arnortised|||cost|||||||12,935|9,096|
|12|Debtors||||||||||||
||||||||||||2022|2021|
||Amounts
falling|due||within||one|year:||||f||
||Prepayments
and|accrued income|||||||||1,682,612|122,877|
|13|Creditors: amounts||falling||due||within one year||||||
||||||||||||2022f|2021f|
||Other creditors|||||||||||5,496|
||Accruals and deferred|||income|||||||12,935|3,600|
||||||||||||12,935|9,096|
|14|Analysis of net assets between||||||funds||||||
||||Unrestricted|||||Endowment|Total|Unrestricted|Endowment|Total|
||||||funds|||funds||funds|funds||
|||||||2022
f||2022|2022
f|2021
f|2021f|2021|
||Fund balances at||||||||||||
||5 April 2022 are||||||||||||
||represented
by:||||||||||||
||Investments|||||||128,193,913|128,193,913||168,111,605|168,111,605|
||Current assets/||||||||||||
||(liabilities j|||2,597,996|||||2,597,996|3,219,804||3,219,804|
|||||2,597,996||||128,193,913|130,791,909|3,219,804|168,111,605|171,331,409|
##
##
##
|16|Cash generated
from operations|Cash generated
from operations|||2022|2021|
|---|---|---|---|---|---|---|
||(Oeficit)/surpus
forthe year||||(40,539,500)|59,495,748|
||Adjustments
for.||||||
||Investment
income recognised|in statement|offinancial|activities|(3,844,088)|(3,661,714)|
||Fair value losses and (gains) on investment||valuations||39,917,692|(54,193,991)|
||Movements
in working
capital:||||||
||(Increase)/decrease
in debtors||||(1,559,735)|1,503,170|
||Increase/(decrease)
in creditors||||3,839|(3,235)|
||Cash (absorbed
by)/generated|from operations|||(6,021,792)|3,139,978|
|17|Analysis ofchanges
in net funds||||||