2021-04-05-accounts - The Stoller Charitable Trust

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Reference and Administrative	Reference and Administrative	Reference and Administrative	Reference and Administrative	Reference and Administrative	Reference and Administrative	Information
~Chith	b						285415
Pro'ect Mana		er and		Princi	al Address;		MrS M Lowe DL
							24 Low Crompton			Road
							Royton
							Oldham
							OL2 6YR
Trustees:
The trustees		serving		during	the	year were:	Sir Norman	Stoller, CBEKStJ DL -Chairman
							J R BGould
							Lady Stoller
							KSLTrustees		Limited
							A P Dixon
Accountants:							Wrigley Partington
							Sterling House
							501 Middleton		Road
							Chadderton
							Oldham
							OL9 9LY
Auditors:							Barlow Andrews			LLP
							Carlyle House
							78 Chorley	New		Road
							Bolton
							BL14BY
Investment	mana		ers:				UBP
							26-37 Seymour			Mews
							London
							W1H 6BN
Bankers:							National Westminster				Bank PLC
							1 Waterhouse		Street
							Halifax
							HX1 1JE
Solicitors:							Kuit Steinart Levy
							3St Mary's	Parsonage
							Manchester
							M3 2RD

				Unrestricted	funds	Unrestricted	funds
					2021		2020
			Vote	f
INCOME
Donations and legacies			2	2,430,248
Investment income			3	230,283		694,312
Total income					2,660,531		694,312
EXPENDITURE
Charitable activities Total expenditure			4	1,323,449	~1,32~,449	5,210,239 5,210,239
Net income (expenditure) before other recognised gains and losses					1,337,082		(4,515,927)
OTHER RECOGNISED GAINS		AND LOSSES:
Gains and losses on investment		assets	5		4,857,723		(1,970,719)
Net income (expenditure) in funds for the year	and	net movement			6,194,805		(6,486,646)
Reconciliation offunds Total funds brought forward Total funds carried forward					9,724,334 15,919,139		16,210,980 9,724,334

CASH FLOW STA'TEMENT FOR THE YEAR EN	DED	5APRIL 20	21
				2021	2020
			Note	F	E
NET CASH USED IN OPERATING ACTIVITIES			14	~363,275	~5,568,374
CASH FLOW FROM INVESTING ACTIVITIES Interest received Rents received Income from Managed Funds Purchase of investments in subsidiary undertaking Investment portfolio net transactions				238 3,755 226,290 (4,500,000) 4,082,473	1,388 692,924 4,882,905
Cash provided by investing activities				7187,2447	5,577,217
Increase (Decrease) in cash and cash equivalents		in the year		(550,519)	7,843
Cash and cash equivalents at the beginning	ofthe	year		663,899	656,056
Cash and cash equivalents at the end of the	year		15	113,386	663,899

2)	Income from donations and le acies	2021 5	2020 5
	Donations Grants payable written back	729,422 1,700,826 2,430,248

3)	Investment income		2021 5	2020 5
	Interest received Rents received Income from Managed	Funds	238 3,755 226,290 230,283	1,388 692,924 694,312

Cost ofcharitable activities	2021 Totalf	2020 Total
Costs directly allocated to activities:
Grants to institutions:
Mahdlo (Oldham Youth Zone) Royal Northern College of Music Kingfisher Learning Trust Alzheimers Research UK The Duke of Edinburgh's Awards Manchester Foundation Trust Charity	442,454 28,000 300,000 60,000 100,000 200,000	1,789,490 105,000 489,561
YMCA Maggies Oldham Broughton House Oldham Enterprise Trust Manchester University Scholarship Action Oldham Seashell Trust Kerc hing Awards Other immaterial grants paid to institutions	32,833	176,321 1,782,648 242,880 101,500 44,000 52,450 44,000 206,547
	1,163,287	5,034,397
Support costs:
Investment Management Costs Administration Fees Legal Fees Bank Interest and Charges Investment property costs	70,334 44,250 20,869 857 1,960 772	73,829 46,000 30,462 961 3,050
Other	139,042	154,302
Governance costs:
Accountancy Fees Auditors Remuneration	16,860 4,260 21,120	17,400 4,140 21,540
	1,323,449	5,210,239

5)	Gains and	losses on investment assets		2021 F	2020
	Gain/(loss) Gain/(loss)	on sale of investments resulting from revaluation to market value		3,471,725 1,385,090 4857, 723,	10,624 ~1,901,343 ~7,970,719
6)	Fixed asset investments
	Listed investments
		Valuation as at 6 April 2020 Additions at cost Disposal proceeds Realised gains Unrealised gains		11,517,354 23,579,109 (29,129,775) 3,471,725 1,385,998 10,824,411
		Cash held within the investment Valuation as at 5 April 2021	portfolio	1,773,596 12,590,DD7
	Unlisted	investments
		Cost as at 6 April 2020		715,155
		Additions Disposals Cost as at 5 April 2021		~305,402 4D9,703

			2021	2020
Listed investments Cash held as part ofthe Unlisted investments investment in subsidiary	investment undertaking	portfolio	10,824,411 1,773,596 409,753 4,500,100 17,0D7,06D	11,129,947 387,407 715,155 100 12232 6D9

NOT	ES TO THE FINANCIAL STA	T	EMENTS	FOR	THE YEA	R END	ED 5APRIL 202	continued
7)	Financial Instruments						2021	2020 F
	Carrying Amount offinancial assets Equity instruments measured at cost less			impairment			18,088,430	13,524,973
	Carrying Amount offinancial liabilities Measured at amortised cost						2,169,291	4,538,893
8)	Tan ibis fixed assets						2021	2020 6
	Land and buildings At 6 April 2020 Additions						628,465 200,000	628,465
	Disposals						(365,000)
	At 5 April 2021						463,465	628,465
9)	Debtors						2021 E	2020 E
	Prepayments and accrued income						3,725	738,254
10)	Cash at bank and in hand						2021 E	2020 5
	Cash at bank						113,380	663,899
11)	Creditors: Amounts fallin	due within		one	ear		2021	2020
	Contractual commitments Accruals and deferred income Amounts owed to subsidiary undertaking						1,979,551 20,790 134,450	1,811,298 36,252
							2,134,791	1,847,550
12) Creditors: Amounts fallin			due after more		than one	ear	2021 8	2020 8
	Contractual commitments						34,500	2,691 343
							34,500	2,691,343
13) Contractual commitments
	As at 6 April 2020						4,502,641
	New commitments Payments made Grants payable written back As at 5 April 2021						(787,764) ~1„700„826 2,014,051
	Falling due within one year Falling due after more than one year			(note 11) (note 12)			1,979,551 34,500 2,014,051

14)	Reconciliation ofnet movement in funds to net cash flow from o eratin activities	2021f	2020 8
	Net movement in funds Investment income Loss (Gain) on revaluation of investments Movement on sale of investments	6,194,805 (230,283) (4,857,723)	(6,486,646) (694,312) 1,981,343 (10,624)
	Revaluation of Fixed Assets (Increase) Decrease in debtors Increase (Decrease) in creditors	165,000 734,529 (2,369,603)	(467,042) 107,907
	Net cash used in operating activities	~363,275	~5,569,374
15)	Anal sis ofcash and cash e uivalents	2021f	2020 E
	Cash at bank and in hand	113,380	663,899
	Total cash and cash equivalents	113,380	663,899

The following transactions took place with the subsidiary	The following transactions took place with the subsidiary	company SCT Climbing	Limited:
Transfer of land to the subsidiary company Transfer of clip and climb costs to the subsidiary Issue ofshare capital in the subsidiary company	company			365,000 4,000,550 (4,500,000)
Balance owed by (to) the subsidiary company at	5 April	2021		134,450