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|Patron||Baroness (Tanni)|Grey-Thompson|Grey-Thompson|Grey-Thompson|DBE|
|---|---|---|---|---|---|---|
|Vice Presidents||The Rt Hon Baroness||Masham|of llton||
|||Sir Evelyn de Rothschild|||||
|||Andrew<br>Farquhar|||||
|||Sir John Hannam|||||
|Trustees||Dr Renny Leach (Chairman)|||||
|||Dr Paolo S Dasgupta|||||
|||Lady Frances Von Hofmannsthal|||||
|||Anji Hunter|||||
|||Dr Richard<br>Lansdown|||||
|||Lord (Colin) Low of Dalston CBE|||||
|||John Milligan|||||
|||Dan Norris|||||
|||Dr Wendy Piatt|||||
|||Simon Preece|||||
|Chief Executive Officer||Paul Alexander<br>(retired 31 December 2020)|||||
|||Helen Saelensminde||(appointed||20 October 2020)|
|Charity number||282754|||||
|Principal|address|Unit 18|||||
|||Oakhurst<br>Business Park|||||
|||Southwater|||||
|||Horsham|||||
|||West Sussex|||||
|||RH13 9RT|||||
|Auditors||Knill James LLP|||||
|||One Bell Lane|||||
|||Lewes|||||
|||East Sussex|||||
|||BN7 1JU|||||
|Bankers||National<br>Westminster||Bank Pic|||
|||47 Carfax|||||
|||Horsham|||||
|||West Sussex|||||
|||RH12 1YZ|||||
|Investment|advisors|Cazenove<br>Capital|Management||||
|||(part ofSchroders|Group)||||
|||1 London Wall Place|||||
|||London|||||
|||EC2Y 5AU|||||





## 

|||Page|
|---|---|---|
|Trustees'<br>report||1-8|
|Statement<br>ofTrustees'|responsibilities||
|Independent<br>auditor's|report|10-12|
|Statement<br>offinancial|activities|13|
|Balance sheet||14|
|Statement<br>ofcash flows||15|
|Notes to the financial|statements|16-28|





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||||Unrestricted|Designated|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|---|
|||Notes|funds|funds|funds|funds|2021|2020f|
|c<br>efom|||||||||
|Donations<br>and|||||||||
|legacies|||128,569||71,604||200,173|301,240|
|Fundraising<br>events|||8,012||||8,012|14,033|
|Investments|||107,517||||107,517|113,586|
|Total income|||244,098||71,604||315,702|428,859|
|I u|||||||||
|Raising funds|||47,851|686|||48,537|41,524|
|Charitable<br>activities||6|182,624|254,632|70,079||507,335|752,298|
|Total resources|||||||||
|expended|||230,475|255,318|70,079||555,872|793,822|
|Net (loss)/gain|on||||||||
|investments|||77,858|232,953|||310,811|(151,557)|
|Net movement|in funds||91,481|(22,365)|1,525||70,641|(516,520)|
|Fund balances|at 1||||||||
|May 2020|||273,410|2,232,436|21,076|293,621|2,820,543|3,337,063|
|Fund balances|at||||||||
|30April 2021|||364,891|2,210,071|22,601|293,621|2,891,184|2,820,543|





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|||||2021||2020|
|---|---|---|---|---|---|---|
||||Notes||||
|Fixed assets|||||||
|Tangible assets|||11||201,321|206,548|
|Investments|||12||2,327,596|2,017,064|
||||||2,528,917|2,223,612|
|Current assets|||||||
|Debtors|||14|23,133||25,962|
|Cash at bank and in||hand||600,023||918,909|
|||||623,156||944,871|
|Creditors:|amounts|falling due within|15||||
|one year||||(260,889)||(343,950)|
|Net current|assets||||362,267|600,921|
|Total assets less current liabilities|||||2,891,184|2,824,533|
|Creditors:|amounts|falling due after|16||||
|more than|one year|||||(3,990)|
|Net assets|||||2,891,184|2,820,543|
|Capital funds|||||||
|Endowment|funds||18||293,621|293,621|
|Income funds|||||||
|Restricted funds|||19||22,601|21,076|
|Designated|funds||20||2,210,071|2,232,436|
|Unrestricted|funds||||364,891|273,410|
||||||2,891,184|2,820,543|





## 

## 

|||||2021|||2020||
|---|---|---|---|---|---|---|---|---|
||||Notes||||||
|Cash flows from operating||activities|||||||
|Cash absorbed<br>by operations|||23||(425,720)|||(331,443)|
|Investing|activities||||||||
|Purchase|oftangible<br>fixed assets|||(685)|||||
|Proceeds|on disposal of investments|||||402,429|||
|Investment|income|||107,517||113,586|||
|Net cash|generated<br>from investing||||||||
|activities|||||106,832|||516,015|
|Net cash|used in financing|activities|||||||
|Net (decrease)/increase<br>in||cash and|cash||||||
|equivalents|||||(318,888)|||184,572|
|Cash and|cash equivalents<br>at beginning||ofyear||918,909|||734,336|
|Cash and|cash equivalents|at end of|year||600,023|||918,909|





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|||||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|---|---|
|||||||funds|funds|
|||||||2021|2020|
||||||||E|
|Fundraising||income -|London Marathon|||8,012|14,033|
|investments||||||||
|||||||2021|2020|
|Rental|income|||||15,646|15,388|
|Income|from|listed investments||||91,789|96,932|
|Interest|receivable|||||82|1,266|
|||||||107,517|113,586|
|For the|year ended 30April 2020|||||||
|Unrestricted||funds|||||113,586|
|Raising|funds|||||||
|||||Unrestricted|Designated|Total|Total|
|||||funds|funds|2021|2020|
||||||F|F||
|F ndrai|in|ex ense|and other costs|||||
|Fundraising||and publicity||24,066||24,066|19,952|
|Staff costs||||19,010||19,010|15,177|
|Depreciation||and impairment||496|686|1,182|1,155|
|Support|costs (see note 8)|||4,279||4,279|5,240|
|Fundraising||expenses|and other costs|47,851|686|48,537|41,524|
|For the|year|ended 30April 2020||||||
|Fundraising||expenses|and other costs|40,728|796||41,524|



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|||||2021f|2020|
|---|---|---|---|---|---|
|Staff costs||||64,320|51,118|
|Depreciation||and impairment||4,731|4,620|
|Scholarships||awarded||249,901|417,220|
|||||318,952|472,958|
|Grant funding||ofactivities (see note 7)||111,750|224,451|
|Share of|support costs (see note 8)|||71,113|48,965|
|Share of|governance||costs (see note 8)|5,520|5,924|
|||||507,335|752,298|
|Analysis|by|fund||||
|Unrestricted||funds||182,624|255,452|
|Designated<br>funds||||254,632|421,840|
|Restricted|funds|||70,079|75,006|
|||||507,335|752,298|
|Grants payable||||||
|||||2021|2020|
|||||f||
|Grants to|organisations|||8,000|7,000|
|Grants to|individuals|||103,750|217,451|
|||||111,750|224,451|





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|Support|costs|||||
|---|---|---|---|---|---|
|||Support|Governance|Total|Total|
|||costs|costs|2021|2020|
|||F||f|F|
|Staff costs|||||137|
|Other costs||75,392||75,392|54,068|
|Audit fees|||5,520|5,520|5,400|
|Trustee meeting expenses|||||524|
|||75,392|5,520|80,912|60,129|
|Analysed|between|||||
|Fundraising||4,279||4,279|5,240|
|Charitable|activities|71,113|5,520|76,633|54,889|
|||75,392|5,520|80,912|60,129|



## 

## 

|The average<br>monthly<br>number<br>ofemployees<br>during|the year was:||
|---|---|---|
||2021|2020|
||Number|Number|
|Charity staff|||
|Employment<br>costs|2021|2020|
|Wages and salaries|78,214|61,992|
|Social security costs|2,826|1,920|
|Other pension costs|2,290|2,385|
||83,330|66,297|





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## 

|11|Tangible|fixed assets|||||
|---|---|---|---|---|---|---|
|||||Land &|Fixtures,|Total|
|||||buildings|fittings<br>&||
||||||equipment||
||Cost||||||
||At 1 May|2020||270,832|18,034|288,866|
||Additions||||685|685|
||Disposals||||(792)|(792)|
||At 30April 2021|||270,832|17,927|288,759|
||Depreciation<br>and impairment||||||
||At 1 May 2020|||65,001|17,316|82,317|
||Depreciation<br>charged||in the year|5,417|496|5,913|
||Eliminated|in respect ofdisposals|||(792)|(792)|
||At 30April|2021||70,418|17,020|87,438|
||Carrying|amount|||||
||At 30April|2021||200,414|907|201,321|
||At 30April|2020||205,831|717|206,548|





## 

## 

|12|Fixed asset investments|Fixed asset investments||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2021|2020|
||Listed investments|||||||2,327,596|2,017,064|
||Movements<br>in fixed asset|||investments||||||
|||||||||Securities|Total|
||Cost or valuation|||||||||
||At 1 May 2020|||||||2,017,064|2,017,064|
||Valuation<br>changes|||||||310,811|310,811|
||Adjustment<br>in respect of||investments||held as||cash|(279)|(279)|
||At 30April 2021|||||||2,327,596|2,327,596|
||Carrying<br>amount|||||||||
||At 30April 2021|||||||2,327,596|2,327,596|
||At 30April 2020|||||||2,017,064|2,017,064|
||Permanent<br>endowment||invested||on total return basis|||||
||The investments<br>above|include those invested|||||on a total return basis:|||
|||||||||2021|2020|
||Trust for investment<br>brought|||forward||||293,621|293,621|
||Market value of endowment|||fund brought||forward||366,440|394,539|
||Unapplied<br>total return|brought<br>forward||||||72,819|100,918|
||Income<br>in the year|||||||16,675|16,658|
||Capital (loss)/gain<br>in the||year|||||56,415|(28,099)|
||Total return<br>in the year|||||||73,090|(11,441)|
||Market value ofendowment|||fund carried forward||||422,855|366,440|
||Unapplied<br>total return|carried forward||||||129,234|72,819|





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|13|Financial<br>instruments|Financial<br>instruments|||||2021|2020|
|---|---|---|---|---|---|---|---|---|
||Carrying<br>amount of|financial assets|||||||
||Debt instruments<br>measured||at amortised|cost|||600,118|921,869|
||Instruments<br>measured|at fair|value through||profit or loss||2,327,596|2,017,064|
||||||||2,927,714|2,938,933|
||Carrying<br>amount of|financial<br>liabilities|||||||
||Measured<br>at amortised cost||||||258,572|346,275|
|14|Debtors||||||||
||||||||2021|2020|
||Amounts<br>falling due|within|one year:||||||
||Other debtors||||||95|2,960|
||Prepayments<br>and accrued income||||||23,038|23,002|
||||||||23,133|25,962|
|15|Creditors: amounts|falling|due within|one||year|||
||||||||2021|2020|
||Other taxation<br>and social security||||||2,317|1,665|
||Other creditors||||||224,878|331,986|
||Accruals and deferred|income|||||33,694|10,299|
||||||||260,889|343,950|
|16|Creditors: amounts|falling|due after more|||than one year|||
||||||||2021|2020|
||Other creditors|||||||3,990|





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||||Movement|in funds|||
|---|---|---|---|---|---|---|
|||Balance at 1|Incoming|Resources||Balance at 30|
|||May 2020|resources<br>f|expended|f|April 2021|
|Permanent|endowments||||||
|Bridget's Trust||293,621||||293,621|
|||293,621||||293,621|





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## 

## 

## 

||||Unrestricted|Designated|Restricted|Endowment|Total|
|---|---|---|---|---|---|---|---|
||||funds|funds|funds|funds||
||||F|||||
|Fund balances||at 30April 2021||||||
|are represented||by:||||||
|Tangible|assets||908|200,413|||201,321|
|Investments|||1,473,773|560,202||293,621|2,327,596|
|Current|assets/(liabilities)||(1,109,790)|1,449,456|22,601||362,267|
||||364,891|2,210,071|22,601|293,621|2,891,184|



## 

## 

||||||2021|2020|
|---|---|---|---|---|---|---|
||Aggregate<br>compensation||||50,578|39,295|
||There were no transactions<br>with related|parties during||the year.|||
|23|Cash generated<br>from operations||||2021|2020|
|||||||f.|
||Surplus/(deficit)<br>for the year||||70,641|(516,522)|
||Adjustments<br>for:||||||
||Investment<br>income recognised<br>in statement||offinancial|activities|(107,517)|(113,586)|
||Fair value (gains) and losses on investments||||(310,535)|151,557|
||Depreciation<br>and impairment<br>oftangible|fixed assets|||5,913|5,775|
||Movements<br>in working<br>capital:||||||
||Decrease<br>in debtors||||2,829|12,784|
||(Decrease)/increase<br>in creditors||||(87,051)|128,549|
||Cash absorbed<br>by operations||||(425,720)|(331,443)|
|24|Analysis ofchanges<br>in net funds||||||
||The charity had no debt during the year.||||||