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2022-04-05-accounts

REGISTERED CHARITY NUMBER: 279549

Report of the Trustees and

Financial Statements

for the Year ended 5 April 2022

for

THE THOMAS SIVEWRIGHT CATTO CHARITABLE SETTLEMENT

THE THOMAS SIVEWRIGHT CATTO CHARITABLE SETTLEMENT

Contents of the Financial Statements for the year ended 5 April 2022

Page
Report of the Trustees 1 to 3
Report of the Independent Auditors 4 to 6
Statement of Financial Activities 7
Balance Sheet 8
Cash Flow Statement 9
Notes to the Cash Flow Statement 10
Notes to the Financial Statements 11 to 17
Detailed Statement of Financial Activities 18

THE THOMAS SIVEWRIGHT CATTO CHARITABLE SETTLEMENT

Report of the Trustees for the year ended 5 April 2022

The Trustees present their Report with the financial statements of the Charitable Settlement for the year ended 5 April 2022. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Update bulletin 2).

OBJECTIVES AND ACTIVITIES

Objectives and aims

As stated in 'Structure, Governance and Management', the trust fund is to be held to pay the income and so much of the capital as the Trustees think fit to such charities and for such charitable purposes as they in their absolute discretion determine. The Charitable Settlement does not actively fundraise.

Public benefit

The Trustees confirm that they have referred to the information contained in the Charity Commission's general guidance on public benefit when reviewing the Charitable Settlement's objectives and activities, their grant making policy and plans for future periods.

The Trustees believe that through making donations to a wide variety of UK-based charitable institutions, they are delivering a public benefit.

Grantmaking

The Charitable Settlement invites applications for funding of projects from UK-based registered charities. The Trustees also invite suggestions for charitable funding from other members of the First Baron Catto of Cairncatto's family. Each application is considered by the Trustees and taken on its own merit. At present there are no annual commitments. Donations are considered and made on a quarterly basis.

FINANCIAL REVIEW

Investment policy and objectives

The funds of the Charitable Settlement are made up of 2,733,940 (2021 - 2,783,940) shares in Synthomer plc, 1,242,966 (2021 - 1,242,966) shares in the Edentree Balanced Fund for Charities and 75,381 (2021 - 75,381) shares in COIF Charities Ethical Investment Incorporation.

The total income in the year to 5 April 2022 was £545,033 (2021 - £133,731) and comprised £543,511 in dividends and £1,522 in interest received.

The Charitable Settlement made donations totalling £363,900 in the year ended 5 April 2022 ( 2021 - £334,208).

Reserves policy

The Charitable Settlement maintains reserves in its CAF Bank Accounts and a series of term deposit bank accounts managed by Flagstone Investment Management Ltd to provide sufficient funds to meet administration and support costs and to cover ongoing and exceptional donations which may arise from time to time.

FUTURE PLANS

The Trustees believe that the number and extent of their grants produce a significant public benefit. They, therefore, propose to manage the Charitable Settlement's funds so as to enable it to continue with its present objectives to provide grant support annually amounting to a similar proportion of total funds as hitherto so that many and varied charitable institutions may continue to benefit from its financial support in future years.

Page 1

THE THOMAS SIVEWRIGHT CATTO CHARITABLE SETTLEMENT

Report of the Trustees for the year ended 5 April 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing Document

The Thomas Sivewright Catto Charitable Settlement is an unincorporated Charitable Settlement constituted under a trust deed dated 26 October 1979 and is a registered charity, number 279549.

The Thomas Sivewright Catto Charitable Settlement was established by The Hon Isabel Ida Gordon Catto, The Hon Mrs Ruth Gordon Bennett and Stephen Gordon Catto, Second Baron Catto of Cairncatto (the Settlors), the surviving children of The Right Hon Thomas Sivewright Catto, First Baron Catto of Cairncatto, to commemorate the one hundredth anniversary of his birth on 15 March 1879.

The Charitable Settlement was established by gifts from the Settlors, the funds of which they placed under their joint control in their joint capacity as Trustees. The Trustees have the same full and unrestricted power of investing the funds of the Charitable Settlement in all respects as if they were absolutely entitled thereto beneficially.

The trust fund is to be held to pay the income and so much of the capital as the Trustees think fit to such charities and for such charitable purposes as they in their absolute discretion determine.

Trustees who have served during the year and since the year end are set out below. Surviving Trustees have the power to appoint new Trustees. There is no minimum or maximum number of Trustees or re-appointment period specified in the trust deed.

The Trustees meet quarterly to consider applications received for funding. The day to day administration of the processing and handling of applications, and payments of the donations once agreed by the Trustees, is delegated to a Trust Administrator.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

279549

Principal address

PO Box 47408 LONDON N21 1YW

Trustees

Miss Z I Richmond-Watson The Lord Catto Mrs O G Marchant

Auditors

Wenn Townsend 5 Gosditch Street Cirencester Gloucestershire GL7 2AG

Bankers

CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ

Page 2

THE THOMASSI¥EWRIGHT CArro C114RITABtE 5ErnEMENW Reportof theTrustees for the year ènded 5 April 2022 REFERENCEANDAOMINISTRATIVE DETAILS GfosvenorTa¥ Practyce timlted 7 Larksfield Road Kln8SCOUrt STROVD Glouce5ter5hire GL5 3PL STATEMENfoFTftUSTEES' AESPONSIBIUTIES The Trusrees are responsible for prepoiin8 the Report of the Trustees and the financial 5tatement5 in accordance with applicable and United ￿ngdoM A¢countln8 Standards Iunited Kin8dom GeneraIlyAc￿pted Accountin8 Pract1￿). The law ap￿leable to charlties in England and Wale5. the Charities Act 2011. CharFty IAccounts and Reports) Aegulations 21Y)8 and the prowsions of the Trust Deed requi￿$ the Tw5tees to prepare linancial stemertts for eath rinancial year which give a true and fair view of the state of affairs of the Charttable Settlernent and of the incoming resources and application of lesour￿5, including the income and expenditure. of the Chartlable Settlement lor that period. In preparin8 those financial statemems, the irustees are required to selert suitzble attounting policies and then apply them consistent￿, observe the methe4Js and priKiple5 in the Charity SORP: make judgements and estimates th are reasonable and prudent.. state whether applitable attounting standards have been followed, subject to any material departu￿$ disdosed and explained in the financial statements- prepare the flnancial statements on the going concern basls unless tt IS tnappropriate to presurne that the Charitsble Settlement will continue ITr busine5S. The Trustee5 are re5pon5ible lor kwng proper accountin8 rewrds whith dtsclose with reasonable accuracy at any tlme the financial positson of the Charitable Settlement and to enable them to ensure that the financial statements compty with the Charities Act 2011. the Charity (Accounts a￿d Reports) Regulations 2008 and the provisions of the trtsst deed. They are al￿ ￿sponsIble for safe8uardin8 the assets of the Charitable Settlement and hence for takin8 reasonable 5tep5 forihe pr￿entIon aThJ detection of Iraud and other irre8ularilie5. Approved by orderofthe Board ofTrustees on......3..:1 i ...IQlL...... and signed on its behalf by: Missz l Rlchmond-Watson- Trustee Page 3

Report of the Independent Auditors to the Trustees of The Thomas Sivewright Catto Charitable Settlement

Opinion

We have audited the financial statements of The Thomas Sivewright Catto Charitable Settlement (the 'Charity') for the year ended 5 April 2022, which comprise the Statement of Financial Activities, the Balance Sheet, and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors’ responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the Trustees Annual Report, other than the financial statements and our Auditors’ Report thereon. The Trustees are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Page 4

Report of the Independent Auditors to the Trustees of The Thomas Sivewright Catto Charitable Settlement

Responsibilities of Trustees

As explained more fully in the Trustees' responsibilities statement (set out on page 3), the Trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the Charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Charity or to cease operations, or have no realistic alternative but to do so.

Auditors’ responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors’ report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

Page 5

Report of the Independent Auditors to the Trustees of The Thomas Sivewright Catto Charitable Settlement

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Use of our report

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the Charity's Trustees those matters we are required to state to them in an Auditors’ report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Wenn Townsend 5 Gosditch Street Cirencester Gloucestershire GL7 2AG

Date: ............................................. 5 January 2003

Page 6

THE THOMAS SIVEWRIGHT CATTO CHARITABLE SETTLEMENT

Statement of Financial Activities for the year ended 5 April 2022

Notes
INCOME AND ENDOWMENTS FROM
Investment income
2
Other income
Total
EXPENDITURE ON
Charitable activities
3
Direct charitable expenditure
Net gains/(losses) on investments
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
Endowment
funds
fund
£
£
545,033
-
2,000
-
547,033
-
389,611
-
-
(4,494,612)
157,422
(4,494,612)
679,154
14,396,544
836,576
9,901,932		 5.4.22

Total
funds
£
545,033
2,000
547,033
389,611
(4,494,612)
(4,337,190)
15,075,698
10,738,508		 5.4.21
Total
funds
£
133,731
2,000
135,731
352,477
7,221,050
7,004,304
8,071,394
15,075,698

The notes form part of these financial statements

Page 7

THETHOMA8 sIVEWRIGTr￿cA￿0C￿AftlTAfitE SErnEMEN 8alancè Sh¢et S Awll 2022 5.4.22 5.4al Total funds Unre5trirted funds Endowment fund funds Notes FixeDAsseTS Investments 9,900,631 9.gY).631 14.395,242 Debtors Cash at bank 1.093 846.643 250 685W6 L301 847,944 847,736 1.301 849.037 686.096 Anw)unts fallin8 due within oneyear io IIL1601 111.1601 15.6401 EfCURR£NT ASSETS 1.301 837.877 680,456 856￿76 9,901,932 10,738,508 15,075.698 836.576 9,901,932 10,738,S08 15.075.698 FUNDS Unrestricted funds Endowment funds li 836.576 9.9)1.932 679,154 14.396.544 TOTALFUNDS 10.738,508 15,075,& The fina￿la[ ststements were approved by the Board of Trustees and authorised for Issue on 4..Il,V>iL .. and were signed on behaK by: Z l Rlchmond-Watson- Trustee The notes fom) part ofthe5e financial 5tatemeMs Page 8

THE THOMAS SIVEWRIGHT CATTO CHARITABLE SETTLEMENT

Cash Flow Statement for the year ended 5 April 2022

Cash flows from operating activities
Cash generated from operations
Net cash used in operating activities
Cash flows from investing activities
Purchase of fixed asset investments
Sale of fixed asset investments
Interest received
Dividends received
Net cash provided by investing activities
Change in cash and cash equivalents in the
reporting period
Cash and cash equivalents at the beginning
of the reporting period
Cash and cash equivalents at the end of
the reporting period		 5.4.22
£
(382,934)
(382,934)
-
-
1,522
543,511
545,033
162,099
685,846
847,944		 5.4.21
£
(354,438)
(354,438)
(210,692)
211,674
865
132,866
134,713
(219,725)
905,571
685,846

The notes form part of these financial statements

Page 9

THE THOMAS SIVEWRIGHT CATTO CHARITABLE SETTLEMENT

Notes to the Cash Flow Statement for the year ended 5 April 2022

RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

5.4.22 5.4.21
£ £
Net (expenditure)/income for the reporting period (as per the
Statement of Financial Activities) (4,337,190) 7,004,304
Adjustments for:
Losses/(gain) on investments 4,494,612 (7,221,050)
Interest received (1,522) (865)
Dividends received (543,511) (132,866)
Increase in debtors (843) -
Increase/(decrease) in creditors 5,520 (3,961)
Net cash used in operations (382,934) (354,438)

ANALYSIS OF CHANGES IN NET FUNDS

At 6.4.21 Cash flow At 5.4.22
£ £ £
Net cash
Cash at bank 685,846 162,098 847,944
685,846 162,098 847,944
Total 685,846 162,098 847,944

The notes form part of these financial statements

Page 10

THE THOMAS SIVEWRIGHT CATTO CHARITABLE SETTLEMENT

Notes to the Financial Statements for the year ended 5 April 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the Charitable Settlement, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Update bulletin 2)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Income

All income is recognised in the Statement of Financial Activities once the Charitable Settlement has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the Charitable Settlement to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Taxation

The Charitable Settlement is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the Charitable Settlement. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Investments

Investments are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. Realised gains and losses on investments are calculated as the difference between sales proceeds and opening fair value (purchase date if later). Unrealised gains and losses are calculated as the difference between the fair value at the year end and the opening market value (or purchase date if later). Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Page 11

THE THOMAS SIVEWRIGHT CATTO CHARITABLE SETTLEMENT

Notes to the Financial Statements - continued for the year ended 5 April 2022

1. ACCOUNTING POLICIES - continued

Investments

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

Creditors and provisions are recognised where the Charitable Settlement has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Financial instruments

The Charitable Settlement only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2. INVESTMENT INCOME

Dividends received
Interest on cash deposits		 5.4.22
£
543,511
1,522
545,033		 5.4.21
£
132,866
865
133,731

3. CHARITABLE ACTIVITIES COSTS

Direct charitable expenditure
4.
SUPPORT COSTS
Direct charitable expenditure		 Finance
£
122		 Support
Direct
costs (see
Costs
note 4)
£
£
376,900
12,711
Governance
Other
costs
£
£
753
11,836		 Totals
£
389,611
Totals
£
12,711

Page 12

THE THOMAS SIVEWRIGHT CATTO CHARITABLE SETTLEMENT

Notes to the Financial Statements - continued for the year ended 5 April 2022

4. SUPPORT COSTS - continued

Support costs, included in the above, are as follows:

Finance
5.4.22 5.4.21
Direct
charitable Total
expenditure activities
£ £
Bank charges 122 114
Other
5.4.22 5.4.21
Direct
charitable Total
expenditure activities
£ £
Sundries 753 605
Governance costs
5.4.22 5.4.21
Direct
charitable Total
expenditure activities
£ £
Auditors' remuneration 5,250 -
Investment management fees 1,326 390
Accountancy 5,260 5,160
11,836 5,550
5. AUDITORS' REMUNERATION
5.4.22 5.4.21
£ £
Fees payable to the Charitable Settlement’s Auditors for the audit of the
Charitable Settlement’s financial statements 5,250 -

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no Trustees' remuneration or other benefits for the year ended 5 April 2022 nor for the year ended 5 April 2021.

Page 13

THE THOMAS SIVEWRIGHT CATTO CHARITABLE SETTLEMENT

Notes to the Financial Statements - continued for the year ended 5 April 2022

6. TRUSTEES' REMUNERATION AND BENEFITS - continued

Trustees' expenses

There were no Trustees' expenses paid for the year ended 5 April 2022 nor for the year ended 5 April 2021.

7. STAFF COSTS

Wages and salaries
The average monthly number of employees during the year was as follows:
Administration		 5.4.22
£
13,000
13,000
5.4.22
1		 5.4.21
£
12,000
12,000
5.4.21
1

No employees received emoluments in excess of £60,000.

The Trustees consider the Board of Trustees and the trust administrator to be the key management personnel of the charitable settlement in charge of directing and controlling the Charitable Settlement and running and operating it on a day to day basis.

8. FIXED ASSET INVESTMENTS

MARKET VALUE
At 6 April 2021
Revaluations
At 5 April 2022
NET BOOK VALUE
At 5 April 2022
At 5 April 2021		 Listed
investments
£
14,395,242
(4,494,611)
9,900,631
9,900,631
14,395,242

There were no investment assets outside the UK.

Page 14

THE THOMAS SIVEWRIGHT CATTO CHARITABLE SETTLEMENT

Notes to the Financial Statements - continued for the year ended 5 April 2022

8. FIXED ASSET INVESTMENTS - continued

Fixed asset investments comprises a holding of 2,733,940 ordinary 10p shares in Synthomer plc whose acquisition cost was £3,474,607, 1,242,966 units in the Edentree Balanced Fund for Charities whose acquisition cost was £1,362,020 and 75,381 units in COIF Charities Ethical Investment Inc whose acquisition cost was £210,692.

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Other debtors
10.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Taxation and social security
Other creditors		 5.4.22
£
1,093
5.4.22
£
650
10,510
11,160		 5.4.21
£
250
5.4.21
£
600
5,040
5,640

11. MOVEMENT IN FUNDS

Unrestricted funds
Unrestricted Income Fund
Endowment funds
Expendable Endowment Fund
TOTAL FUNDS		 At 6.4.21
£
679,154
14,396,544
15,075,698		 Net
movement
in funds
£
157,422
(4,494,612)
(4,337,190)		 At
5.4.22
£
836,576
9,901,932
10,738,508

Page 15

THE THOMAS SIVEWRIGHT CATTO CHARITABLE SETTLEMENT

Notes to the Financial Statements - continued for the year ended 5 April 2022

11. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming
resources
£
Unrestricted funds
Unrestricted Income Fund
547,033
Endowment funds
Expendable Endowment Fund
-
TOTAL FUNDS
547,033
Comparatives for movement in funds
Unrestricted funds
Unrestricted Income Fund
Endowment funds
Expendable Endowment Fund
TOTAL FUNDS
Comparative net movement in funds, included in the above are
Incoming
resources
£
Unrestricted funds
Unrestricted Income Fund
135,731
Endowment funds
Expendable Endowment Fund
-
TOTAL FUNDS
135,731		 Resources
expended
£
(389,611)
-
(389,611)
At 6.4.20
£
895,901
7,175,493
8,071,394
as follows:
Resources
expended
£
(352,478)
-
(352,478)		 Gains and
losses
£
-
(4,494,612)
(4,494,612)
Net
movement
in funds
£
(216,747)
7,221,051
7,004,304
Gains and
losses
£
-
7,221,051
7,221,051		 Movement
in funds
£
157,422
(4,494,612)
(4,337,190)
At
5.4.21
£
679,154
14,396,544
15,075,698
Movement
in funds
£
(216,747)
7,221,051
7,004,304

Page 16

THE THOMAS SIVEWRIGHT CATTO CHARITABLE SETTLEMENT

Notes to the Financial Statements - continued for the year ended 5 April 2022

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 5 April 2022.

Page 17

THE THOMAS SIVEWRIGHT CATTO CHARITABLE SETTLEMENT

Detailed Statement of Financial Activities
for the year ended 5 April 2022
INCOME AND ENDOWMENTS
Investment income
Dividends received
Interest on cash deposits
Other income
Other income
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Donations
Support costs
Finance
Bank charges
Other
Sundries
Governance costs
Auditors' remuneration
Investment management fees
Accountancy
Total resources expended
Net income/(expenditure) before gains and
losses
Realised recognised gains and losses
Realised gains/(losses) on fixed asset
investments
Net income/(expenditure)		 5.4.22
£
543,511
1,522
545,033
2,000
547,033
13,000
363,900
376,900
122
753
5,250
1,326
5,260
11,836
389,611
157,422
-
157,422		 5.4.21
£
132,866
865
133,731
2,000
135,731
12,000
334,208
346,208
114
605
-
390
5,160
5,550
352,477
(216,746)
101,473
(115,273)

This page does not form part of the statutory financial statements

Page 18

The Thomas Sivewright Catto Charitable Settlement Year ended 5 April 2022 Schedule of charitable donations

Appendix A

Charity
12 April 2021
Macmillan Cancer Support
Motor Neurone Disease Association
British Kidney Patient Association
Alzheimer's Society
bibic
Carers Trust
Carers UK
Cerebra
Christian Aid
Crohns in Childhood Research Association
Engineering Development Trust
InterAct Stroke Support
International Spinal Research Trust
KIDS
Meningitis Now
Queen Elizabeth's Foundation for Disabled People
Royal United Kingdom Beneficent Association
Salisbury Hospice Charity
Special Boat Service Association
Target Ovarian Cancer
Tommy's
University College London Hospitals NHS Foundation Trust
Academy of Ancient Music
Alex, the Leukodystrophy Charity
Event Mobility
Farms for City Children
Giving World
London Narrow Boat Project
Microphthalmia, Anophthalmia and Coloboma Support
Motivation CharitableTrust
Music in Detention
Music of Life Foundation
Refugee Action
Age Scotland
Association of Visitors to Immigration Detainees
George Coller Memorial Fund
Leprosy Mission
National Children's Orchestras of GB
The Organisation for New Music and Sound
Royal School for the Blind
Skeletal Cancer Trust
Sportability
YMCA
14 July 2021
DEC Coronavirus Appeal for India
British Red Cross (for the Disaster Fund)
Subtotal c/fwd
Trustees meeting date		 Amount
£
£1,500
£1,500
£1,400
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£750
£750
£750
£750
£750
£750
£750
£750
£750
£750
£750
£500
£500
£500
£500
£500
£500
£500
£500
£500
£500
£10,000
£2,000
£48,650

The Thomas Sivewright Catto Charitable Settlement Year ended 5 April 2022 Schedule of charitable donations, continued

Appendix A

Charity
Subtotal b/fwd
14 July 2021
MIND
Independence at Home
Smile Train UK
Bowel Cancer UK
British Diabetic Association
BulliesOut
Coeliac UK
Crisis
Crohn's & Colitis UK
Deafblind UK
DEMAND
Dressability
Evelina Children's Heart Organisation
Friends of the Elderly
Housing the Homeless Central Fund
Lepra
Leukaemia & Myeloma Research UK
Mitrofanoff Support
Multiple System Atrophy Trust
No Way Trust Ltd.
Oesophageal Patients Association
Prisoners Advice Service
Royal Agricultural Benevolent Institution
Royal Scottish National Orchestra
Stillbirth and Neonatal Death Society
Aberlour Child Care Trust (for work in the Aberdeen area)
CARE International
Child Bereavement UK
Concern Worldwide
Family for Every Child
Fight Against Blindness
Haemochromatosis UK
Terence Higgins Trust
Icarus Theatre Collective, Ltd.
London's Air Ambulance Charity
Mission to Seafarers
Rainbow Trust Children's Charity
Royal Hospital Chelsea
Academy of St. Martin in the Fields
Subtotal c/fwd
Trustees meeting date		 Amount
£
£48,650
£2,000
£1,500
£1,050
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£750
£750
£750
£750
£750
£750
£750
£750
£750
£750
£750
£750
£750
£500
£85,450

The Thomas Sivewright Catto Charitable Settlement Year ended 5 April 2022 Schedule of charitable donations, continued

Charity
Subtotal b/fwd
14 July 2021
Batten Disease Family Association
British Eye Research Foundation
MapAction
Mitchell's Miracles
Volunteering Matters
13 October 2021
UNICEF Covax Appeal
Royal College of Music ‐ SGC Scholarship
Concern Worldwide – Haiti Earthquake
Cure Parkinson's Trust
Pancreatic Cancer UK
Refugee Action
Asthma UK & British Lung Foundation Partnership
Different Strokes
The Matthew Trust
Prostate Cancer UK
Butterfly Trust
Diverse Voices Edutainment CIO
FareShare
Glasgow City Mission
Hands Up Foundation
Hourglass (Safer Ageing)
Multiple Sclerosis Trust
National Association for the Relief of Apnoea
Orbis Charitable Trust
Prisoners' Education Trust
Royal Brompton & Harefield Hospitals
Royal National Institute for Deaf People
Samaritans
Stroke Association
Tools for Self Reliance
Wellbeing of Women
Afghanistan & Central Asian Association
British Polio Fellowship
The Children's Trust
Conciliation Resources
Cystic Fibrosis Trust
Dystonia UK
Gingerbread
Harpenden Spotlight on Africa
Huntington's Disease Association
Institute for Cancer Vaccines & Immunotherapy
Trustees meeting date		 Amount
£
£85,450
£500
£500
£500
£500
£500
£50,000
£15,500
£2,000
£2,000
£2,000
£2,000
£1,500
£1,500
£1,500
£1,500
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£750
£750
£750
£750
£750
£750
£750
£750
£750
£750
190,950

The Thomas Sivewright Catto Charitable Settlement Year ended 5 April 2022 Schedule of charitable donations, continued

Amount
Trustees meeting date Charity £
Subtotal b/fwd 190,950
13 October 2021 Peter Le Marchant Trust £750
National Kidney Federation £750
New Bridge Foundation £750
Oxfam £750
The Simon Rivett‐Carnac Trust £750
Ruddi's Retreat £750
Sailors' Children's Society £750
Shine £750
Scottish Catholic International Aid Fund £750
University College London Hospitals Charitable Foundation £750
Anaphylaxis Campaign £500
Body Dysmorphic Disorder Foundation £500
Christian Aid ‐ World Food Programme £500
DeafPlus £500
Disabled Workers Co‐operative £500
East Africa Children's Project £500
Evergreen Africa £500
Kids Club, Kampala £500
Kinetic Science Foundation £500
The Rainforest Foundation £500
Together Now £500
18 February 2022 World YMCA 5,000
DEC Afganistan Crisis Appeal 40,000
Royal Conservatoire of Scotland (IIGC Scholarship) £12,000
British Liver Trust £3,000
St. Martin‐in‐the‐Fields Trust £3,000
Shelter £3,000
Antibiotic Research UK £1,500
Centrepoint £1,500
Listening Books £1,500
Revitalise £1,200
Big Issue Foundation £1,000
Brain Tumour Research £1,000
BrainTumour Support £1,000
Care for Carers £1,000
Care for Veterans £1,000
Children's Liver Disease Foundation £1,000
Computer Aid International £1,000
Roald Dahl's Marvellous Children's Charity (for nurses) £1,000
English National Opera (for the Breathe Project) £1,000
Felix Project £1,000

£285,650

The Thomas Sivewright Catto Charitable Settlement Year ended 5 April 2022 Schedule of charitable donations, continued

Charity
Subtotal b/fwd
18 February 2022
Elizabeth Finn Care
Frank Water
Gallions Music Trust
Leukaemia UK
Muscular Dystrophy UK
Only Connect
Orchid
Parenting Mental Health
REACT
Respite Association
Royal Hospital for Neuro‐disability
St. Mungo Community Housing Assoc.
The Seafarers' Charity
Separated Child Foundation
Shift.ms
Switchback Initiative
Tall Ships Youth Trust
Teenage Cancer Trust
Cambridge Global Health Partnerships
Cerebral Palsy Scotland
Climbing Out
ICAN
National Federation of Prostate Cancer Support Groups
Outward Bound Trust
PSP Association
Tuberous Sclerosis Association
Young Women's Trust
Amref Health Africa (for Vaccine solidarity with Africa appeal)
Arms Around the Child
British Forces Foundation
British Limbless Ex‐Service Men's Association
Refugee Youth Ltd.
Strongbones Children's Charitable Trust
Teapot Trust
British Red Cross (for the Disaster Fund)
Trustees meeting date		 Amount
£
£285,650
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£1,000
£750
£750
£750
£750
£750
£750
£750
£750
£750
£500
£500
£500
£500
£500
£500
£500
£50,000
£363,900