2022-04-30-accounts - Snowdon Trust

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Patron	Baroness Tanni Grey-Thompson	Baroness Tanni Grey-Thompson	DBE
Vice Presidents	The Rt Hon Baroness	Masham	of llton
	Sir Evelyn de Rothschild
	Sir John Hannam
	Andrew Farquhar
Trustees	Dr Renny Leach (Chair)
	Dr Paolo S Dasgupta
	Lady Frances Von Hofmannsthal
	Anji Hunter
	Dr Richard Lansdown
	Lord Colin Low of Dalston CBE
	John Milligan
	Dan Norris
	Dr Wendy Piatt
	Simon Preece
Chief Executive Officer	Helen Saelensminde
Charity number	282754
Principal address	Unit 18
	Oakhurst Business Park
	Southwater
	Horsham
	West Sussex
	RH13 9RT
Auditors	Knill James LLP
	One Bell Lane
	Lewes
	East Sussex
	BN7 1JU
Bankers	National Westminster	Bank Pic
	47 Carfax
	Horsham
	West Sussex
	RH12 1Y2
	CAF Bank Limited
	25 Kings Hill Avenue
	Kings Hill
	West Mailing
	Kent
	ME1g 4JQ

		Page
Trustees' report		1-8
Statement ofTrustees'	responsibilities
Independent auditor's	report
Statement offinancial	activities	13
Balance sheet		14
Statement ofcash flows		15
Notes to the financial	statements	16-29

			Unrestricted	Designated	Restricted	Endowment	Total	Total
			funds	funds	funds	funds	2022	2021
		Notes	E	E	E	E		E
ilKQIQRXIQIK
Donations and
legacies			128,088	32	138,358		266,478	200,173
Fundraising events			20,748				20,748	8,012
investments			109,767				109,767	107,517
Total income			258,603	32	138,358		396,993	315,702
Raising funds			60,533	607			61,140	48,537
Charitable activities		6	248,271	160,349	114,104		522,724	507,335
Total resources
expended			308,804	160,956	114,104		583,864	555,872
Net (loss)/gain	on
investments			(6,065)	(18,026)			(24,091)	310,811
Net movement	in funds		(56,266)	(178,950)	24,254		(210,962)	70,641
Fund balances	at 1
May 2021			364,891	2,210,071	22,601	293,621	2,891,184	2,820,543
Fund balances	at
30April 2022			308,625	2,031,121	46,855	293,621	2,680,222	2,891,184

				2022		2021
			Notes	E		E
Fixed assets
Tangible assets			11		195,807		201,321
Investments			12		2,303,404		2,327,596
					2,499,211		2,528,917
Current assets
Debtors				24,216		23,133
Cash at bank and in		hand		361,972		600,023
				386,188		623,156
Creditors:	amounts	falling due within	15
one year				(205,177)		(260,889)
Net current	assets				181,011		362,267
Total assets less current liabilities					2,680,222		2,891,184
Capital funds
Endowment	funds		17		293,621		293,621
Income funds
Restricted	funds		18		46,855		22,601
Designated	funds		19		2,031,121		2,210,071
Unrestricted	funds -	general			308,625		364,891
					2,680,222		2,891,184

				2022		2021
			Notes	f.		f
Cash flows from operating		activities
Cash absorbed by operations			22		(347,419)		(425,994)
Investing	activities
Purchase	oftangible fixed assets			(500)		(685)
Cash movements				101		276
Investment	income received			109,767		107,517
Net cash	generated from investing
activities					109,368		107,108
Net cash	used in financing	activities
Net decrease in cash and		cash equivalents			(238,051)		(318,886)
Cash and	cash equivalents	at beginning	ofyear		600,023		918,909
Cash and	cash equivalents	at end of	year		361,972		600,023

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		Unrestricted	Unrestricted
		funds	funds
		2022f	2021 f.
Rental	income	15,800	15,646
Income	from listed investments	93,944	91,789
Interest	receivable	23	82
		109,767	107,517

						Unrestricted	Designated	Total	Total
						funds	funds	2022	2021
								f.
r isin				h	r
Fundraising	and publicity					8,804		8,804	24,066
Staff costs						47,469		47,469	19,010
Depreciation		and impairment				596	607	1,203	1,182
Support costs (see note 8)						3,664		3,664	4,279
Fundraising		expenses	and other costs			60,533	607	61,140	48,537
For the year		ended 30April		2021
Fundraising		expenses	and other costs			47,851	686		48,537

			2022	2021
Scholarships	awarded		154,932	249,901
Grants payable (see		note 7)	190,658	111,750
			345,590	361,651
Staff costs			91,600	64,320
Depreciation	and impairment		4,810	4,731
Share ofsupport costs (see note 8)			74,664	71,113
Share ofgovernance		costs (see note 8)	6,060	5,520
			522,724	507,335
Analysis by fund
Unrestricted	funds		248,271	182,624
Designated	funds		160,349	254,632
Restricted funds			114,104	70,079
			522,724	507,335

			2022	2021
			f	f.
Grants	to	organisations	7,400	8,000
Grants	to	individuals	183,258	103,750
			190,658	111,750

Supportcosts	Supportcosts
		Support	Governance	Total	Support	Governance	Total
		costs	costs	2022	costs	costs	2021
		f	f		f.	f	f
Other costs (including
marketing,	administration
and premises costs)		78,328		78,328	75,392		75,392
Audit fees			6,060	6,060		5,520	5,520
		78,328	6,060	84,388	75,392	5,520	80,912
Analysed	between
Fundraising		3,664		3,664	4,279		4,279
Charitable	activities	74,664	6,060	80,724	71,113	5,520	76,633
		78,328	6,060	84,388	75,392	5,520	80,912

The average monthly number ofemployees during th	e year was:
	2022	2021
	Number	Number
Charity staff
Employment costs	2022 f	2021f
Wages and salaries	126,512	78,214
Social security costs	6,884	2,826
Other pension costs	5,673	2,290
	139,069	83,330

Tangible fixed assets
		Land &	Fixtures,	Total
		buildings	fittings &
		E	equipment f
Cost
At 1 May 2021		270,832	17,927	288,759
Additions			500	500
At 30April 2022		270,832	18,427	289,259
Depreciation and impairment
At 1 May 2021		70,418	17,020	87,438
Depreciation charged	in the year	5,418	596	6,014
At 30April 2022		75,836	17,616	93,452
Carrying amount
At 30April 2022		194,996	811	195,807
At 30April 2021		200,414	907	201,321

								2022	2021
								f
Listed investments								2,303,404	2,327,596
Movements in fixed asset				investments
								Securitiesf	Total f
Cost or valuation
At 1 May 2021								2,327,596	2,327,596
Valuation changes								(24,192)	(24,192)
At 30April 2022								2,303,404	2,303,404
Carrying amount
At 30April 2022								2,303,404	2,303,404
At 30April 2021								2,327,596	2,327,596
Permanent endowment			invested		on total return basis
The investments	above		include those invested				on a total return basis:
								2022	2021
									f.
Trust for investment		brought		forward				293,621	293,621
Market value ofendowment				fund brought		forward		422,855	366,440
Unapplied total	return		brought forward					129,234	72,819
income in the year								17,067	16,675
Capital (loss)/gain		in the	year					(4,395)	56,415
Total return in the		year						12,672	73,090
Market value ofendowment				fund carried		forward		418,460	422,855
Unapplied total	return		carried forward					124,839	129,234

13	Debtors
									2022	2021
	Amounts falling	due		within	one year:				E
	Other debtors								386	95
	Prepayments and	accrued income							23,830	23,038
									24,216	23,133
14	Financial instruments								2022	2021
	Carrying amount	of	financial			assets
	Debt instruments	measured			at	amortised	cost		362,358	600,118
	Instruments measured			at fair value through				profit or loss	2,303,404	2,327,596
									2,665,762	2,927,714
	Carrying amount	of	financial			liabilities
	Measured at amortised			cost					201,827	258,572
15	Creditors: amounts		falling		due within		one year
									2022f	2021 F.
	Other taxation and social security								3,350	2,317
	Other creditors								184,679	224,878
	Accruals and deferred			income					17,148	33,694
									205,177	260,889

			Movement	in funds
		Balance at 1	Incoming	Resources	Balance at 30
		May 2021	resources	expended	April 2022
		f.	f
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	f		F
Fund balances	at 30April 2022
are represented	by:
Tangible assets		808	194,999			195,807
Investments		1,455,404	554,379		293,621	2,303,404
Current assets/(liabilities)		(1,148,194)	1,282,350	46,855		181,011
		308,018	2,031,728	46,855	293,621	2,680,222

						2022	2021
						f.
	Aggregate compensation					54,491	50,578
	There were no transactions with related		parties during		the year.
22	Cash generated from operations					2022	2021
							E
	(Deficit)/surpus for the year					(210,962)	70,641
	Adjustments for:
	Investment income recognised	in statement		offinancial	activities	(109,767)	(107,517)
	Fair value gains and losses on	investments				24,091	(310,811)
	Depreciation and impairment oftangible		fixed assets			6,014	5,914
	Movements in working capital:
	(Increase)/decrease in debtors					(1,083)	2,829
	(Decrease) in creditors					(55,712)	(87,050)
	Cash absorbed by operations					(347,419)	(425,994)
23	Analysis ofchanges in net funds
	The charity had no debt during	the year.