| Page | ||
|---|---|---|
| Trustees' annual report |
||
| Independent auditor's |
report to the members | |
| Statement offinancial | activities | |
| Statement offinancial | position | |
| Statement ofcash flows | 10 | |
| Notes to the financial | statements |
| Reference and administrative | Reference and administrative | Reference and administrative | details | |||
|---|---|---|---|---|---|---|
| Registered | charity | name | CBand HH Taylor 19&4Trust |
|||
| Charity registration | number | 291363 | ||||
| Principal office | PO Box 282 | |||||
| Aberystwyth | ||||||
| SY239BZ | ||||||
| The trustees | Mrs C H Norton | |||||
| Mrs EJ Birmingham | ||||||
| Mrs C M Penny | ||||||
| TW Penny | ||||||
| RJ Birmingham | ||||||
| SBTaylor | ||||||
| Ms C Middleton | ||||||
| Ms H M Pattison | ||||||
| Ms LTaylor | (Appointed | 21 April 2021) | ||||
| Auditor | Independent Auditors |
LLP | ||||
| Chartered Accountants |
8 Statutory | Auditor | ||||
| Emstrey House North | ||||||
| Shrewsbury Business |
Park | |||||
| Shrewsbury | ||||||
| Shropshire | ||||||
| SY26LG |
| Year ende | d 5April | 2022 | 2022 | |||||
|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||
| Unrestricted | ||||||||
| funds | Total funds | Total funds | ||||||
| Note | E | |||||||
| Income and endowments | ||||||||
| Investment | income | 4 | 667,219 | 667,219 | 458,136 | |||
| Total income | 667,219 | 667,219 | 458,136 | |||||
| Expenditure | ||||||||
| Expenditure | on raising funds: | |||||||
| Investment management |
costs | 5 | (25,474) | (25,474) | (22,627) | |||
| Expenditure | on charitable | activities | 6,7 | (498,452) | (498,452) | (556,882) | ||
| Total expenditure | (523,926) | (523,926) | (579,509) | |||||
| Net gains on investments | 9 | 254,377 | 254,377 | 3,570,248 | ||||
| Net income | and net movement | in funds | 397,670 | 397,670 | 3,448,875 | |||
| Reconciliation offunds |
||||||||
| Total funds | brought forward | 16,429,442 | 16,429,442 | 12,980,567 | ||||
| Total funds | carried forward | 16,827,112 | 16,827,112 | 16,428,442 |
| CBand HH Taylor 1 Statement ofFinancial 5April 2Q22 |
984Trust Position |
|||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Note | f. | |||
| Fixed assets | ||||
| Investments | 14 | 16,545,696 | 16,157,527 | |
| Current assets | ||||
| Debtors | 231 | |||
| Cash at bank and in | hand | 287,081 | 277,532 | |
| 287,312 | 277,532 | |||
| Creditors: amounts | falling due within one year | 5,8S6 | 5,617 | |
| Net current assets | 281,416 | 271,S15 | ||
| Total assets less cunsnt liabilities | 16,827,112 | 16,429,442 | ||
| Net assets | 16,827,112 | 16,429,442 | ||
| Funds ofthe charity | ||||
| Unrestricted funds |
16,827,112 | 16,429,442 | ||
| Total charity funds | 18 | 16,827,112 | 18,429,442 |
| Year e | nded 5April 2022 | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Cash flows from operating | activities | |||
| Net income | 397,670 | 3,448,875 | ||
| Adjustments for. |
||||
| Depreciation oftangible fixed assets |
51 | |||
| Net gains on investments | (254,377} | (3,570,248) | ||
| Dividends, interest and rents from investments |
(667,219} | (457,88S} | ||
| Other interest receivable and similar income | (248) | |||
| Interest payable and similar | charges | 3 | ||
| Accrued expenses | 1,288 | 947 | ||
| Changesin: | ||||
| Trade and other debtors | (231) | 89 | ||
| Trade and other creditors | (1,009) | 255 | ||
| Cash generated from operations |
(523,875) | (578,167) | ||
| Interest paid | (3) | |||
| Interest received | 248 | |||
| Net cash used in operating | activities | (523,878) | (577,919) | |
| Cash flows from investing | activities | |||
| Dividends, interest and rents from investments |
667,219 | 457,887 | ||
| Purchases ofother investments | (1,454,722) | (1,532,501) | ||
| Proceeds from sale ofother | investments | 1,320,930 | 1,647,765 | |
| Net cash from investing activities |
533,427 | 573,151 | ||
| Net increase/(decrease} in cash and cash |
equivalents | 9,549 | (4,768) | |
| Cash and cash equivalents | at beginning | ofyear | 277,532 | 282,300 |
| Cash and cash equivalents | at end ofyear | 287,081 | 277,532 |
| Investment | income | |||||
|---|---|---|---|---|---|---|
| Unrestricted | TotalFunds | Unrestricted | Total Funds | |||
| Funds | 2022 | Funds | 2021 | |||
| F | ||||||
| Income from listed investments | 642,985 | 642,985 | 398,766 | 398,766 | ||
| Loan stock | interest | 24,234 | 24,234 | 59,122 | 59,122 | |
| Bank interest receivable | 248 | 248 | ||||
| 667,219 | 667,219 | 458,136 | 458,136 | |||
| Investment | management | costs | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2022 | Funds | 2021 | |||
| Investment | management | fees and | ||||
| bank charges | 25,474 | 25,474 | 22,627 | 22,627 |
| Year e | Year e | nded 5April | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 6. | Expenditure | on charitable | activities | by fund type | ||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||||
| Funds | 2022 | Funds | 2021 | |||||||
| F | F | F | ||||||||
| Grants | 486,000 | 486,000 | 539,900 | 539,900 | ||||||
| Foreign exchange differences | relating | |||||||||
| to acquisition | and disposal of | listed | ||||||||
| investments | (164) | (164) | ||||||||
| Support costs | 12,616 | 12,616 | 16,982 | 16,982 | ||||||
| 498,452 | 498,452 | 556,882 | 556,882 | |||||||
| 7. | Expenditure | on charitable | activities | by activity type | ||||||
| Grant funding | Support | Total funds | Total fund | |||||||
| ofactivities | costs | 2022 | 2021 | |||||||
| F | ||||||||||
| Grants | 486,000 | 7,685 | 493,685 | 552,745 | ||||||
| Foreign exchange differences | relating | |||||||||
| to acquisition | and disposal of | listed | ||||||||
| investments | (164) | (164) | ||||||||
| Governance | costs | 4,931 | 4,931 | 4,137 | ||||||
| 485,836 | 12,616 | 4S8,452 | 556,882 | |||||||
| &. | Analysis ofsupport costs | |||||||||
| Grants | Total 2022 | Total 2021 | ||||||||
| f. | F | |||||||||
| Secretarial | remuneration | and | expenses | 7,682 | 7,682 | 12,845 | ||||
| Audit fees | 1,430 | 1,430 | 1,290 | |||||||
| Accountancy | fees | 1,100 | 1,100 | 1,188 | ||||||
| Sundry expenses | 136 | 136 | ||||||||
| Rent | 526 | 526 | 1,267 | |||||||
| Insurance | 126 | |||||||||
| Legal fees | 1,200 | 1,200 | ||||||||
| Depreciation | 51 | |||||||||
| Postage and | stationery | 539 | 539 | 215 | ||||||
| 12,613 | 12,613 | 16,982 | ||||||||
| 9. | Net gains on | investments | ||||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||||
| Funds | 2022 | Funds | 2021 | |||||||
| F | F | |||||||||
| Gains/(losses) | on disposal of | listed | ||||||||
| investments | 84,026 | 84,026 | 80,890 | 80,890 | ||||||
| Gains/(losses) | on revaluation | of listed | ||||||||
| investments | 170,351 | 170,351 | 3,489,358 | 3,489,358 | ||||||
| 254,377 | 254,377 | 3,570,248 | 3,570,248 |
| Net income | ||
|---|---|---|
| Net income is stated after charging/(crediting): | ||
| 2022 | 2021 f |
|
| Depreciation oftangible fixed assets |
51 | |
| Foreign exchange differences | (164) | |
| Fees payable for the audit ofthe financial statements | 1,430 | 1,290 |
| Staff costs | ||||
|---|---|---|---|---|
| The total staff costs and | employee | benefits for the reporting | period are analysed as | follows: |
| 2022 | 2021 | |||
| F | ||||
| Wages and salaries | 12,654 | |||
| Employer contributions | to pension | plans | 191 | |
| 12,845 |
| Tangible | fixed assets | |
|---|---|---|
| Computer | ||
| equipment | ||
| Cost | ||
| At 6April | 2021 and 5April 2022 | 616 |
| Depreciation | ||
| At 6April | 2021 and 5April 2022 | 616 |
| Carrying | amount | |
| At 5April | 2022 | |
| At 5 April | 2021 |
| Listed | ||
|---|---|---|
| investmentsf | ||
| Cost or valuation | ||
| At 6 April | 2021 | 16,157,527 |
| Additions | 1,454,722 | |
| Disposals | (1,236,904) | |
| Fair value | movements | 170,351 |
| At 5April | 2022 | 16,545,696 |
| Impairment | ||
| At 6April | 2021 and 5April 2022 | |
| Carrying At 5April |
amount 2022 |
16,545,696 |
| At 5April | 2021 | 16,157,527 |
| 15. | publicly availa Debtors |
ble mar |
ket prices by the investment fund manage |
rs. | |
|---|---|---|---|---|---|
| 2022 | 2021 f |
||||
| Prepayments | and accrued income | 231 | |||
| 16. | Creditors: amounts | falling due within one year | |||
| 2022 | 2021 | ||||
| Trade creditors | 199 | ||||
| Accruals and | deferred | income | 5,896 | 4,608 | |
| Social security | and other taxes | 810 | |||
| 5,896 | 5,617 |
| At | Gains and | At | ||||
|---|---|---|---|---|---|---|
| 6 April 2021 | Income | Expenditure | losses | 5April 2022 | ||
| E | F | |||||
| General | funds | 16,429,442 | 667,219 | (523,926) | 254,377 | 16,827,112 |
| At | Gains and | At | ||||
| 6April 2020 | Income | Expendituref | losses | 5April 2021 | ||
| General | funds | 12,980,567 | 456,136 | (579,509) | 3,570,248 | 16,429,442 |
| 19. | Analysis ofnet a | sse | ts between funds | |||
|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | |||||
| Funds | 2022 | |||||
| f. | ||||||
| Investments | 16,545,6S6 | 16,545,696 | ||||
| Current assets | 287,312 | 287,312 | ||||
| Creditors less than | 1 | year | (5,896) | (5,896) | ||
| Net assets | 16,827,112 | 16,827,112 | ||||
| Unrestricted | Total Funds | |||||
| Funds | 2021 | |||||
| Tangible fixed assets | ||||||
| Investments | 16,157,527 | 16,157,527 | ||||
| Current assets | 277,532 | 277,532 | ||||
| Creditors less than | 1 | year | (5,617) | (5,617) | ||
| Net assets | 16,429,442 | 16,429,442 | ||||
| 20. | Analysis ofchanges | in net debt | ||||
| At | ||||||
| At 6Apr 2021 | Cash flows | 5Apr 2022 | ||||
| F | R | |||||
| Cash at bank and | in | hand | 277,532 | 9,549 | 287,081 |
| 21.Analysis ofinvestments Shares |
Ilarket Valu |
|---|---|
| 3I Infrastructure | 654,438 |
| AstraZeneca | 919,726 |
| Atrato Onsite Energy | 270,556 |
| Aviva preference | 59,340 |
| Centrica | 110,385 |
| Digital 9 Infrastructure | 396,228 |
| DS Smith | 231,710 |
| General Accident preference | 52,290 |
| Glaxo SmithKline | 460,026 |
| Gore Street Energy | 478,398 |
| Home REITPic | 815,100 |
| Hill 8 Smith | 327,800 |
| IMI | 480,600 |
| International Public Partnership |
394,220 |
| ITV | 188,600 |
| John Laing Environmental | 527,250 |
| Johnson Matthey |
248,498 |
| Legal 8 General | 530,402 |
| Londonmetric Property |
957,783 |
| M8G | 223,510 |
| National Grid |
466,235 |
| Northern Electric preference |
48,825 |
| Pennon Group |
355,840 |
| Prudential | 306,045 |
| Reckitt Benckiser | 476,640 |
| Renevri | 231,104 |
| Renishaw | 651,440 |
| Rotork | 480,850 |
| Schroder BSCSocial | 247,925 |
| SDCL Energy Efliciency Income Trust | 519,948 |
| Spirax-Sarco Engineering | 1,775,031 |
| Tate 8 Lyle | 357,485 |
| Llnilever | 732,056 |
| United Utilities |
501,380 |
| Vodafone | 347,580 |
| Wood Group | 61,386 |
| 15,886,627 | |
| Stocks | |
| BT3 5 %%d Index Linked 2025 | 331,881 |
| Sevem Trent 1 3'%%d Index Linked 2022 |
327,188 |
| 659,069 |
| 22.Analysis ofgrants | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 2022 | |||||||||
| Acacia Family Support | 1,000 | ||||||||
| Action For Poverty | 2,000 | ||||||||
| Alice Charity | 1,000 | ||||||||
| All We Can | 4,000 | ||||||||
| Amateur Swimming Association |
1,000 | ||||||||
| Arms Around the Child | 1,000 | ||||||||
| ASPI | 1,000 | ||||||||
| BBCWildlife Trust (Black | Country) | 500 | |||||||
| Better Pathways | 1,000 | ||||||||
| Birmingham & Solihull Women's |
Aid | 2,000 | |||||||
| Birmingham Association |
OfYouth | Clubs | 7,000 | ||||||
| Birmingham Botanical Gardens |
500 | ||||||||
| Birmingham Settlement |
12,000 | ||||||||
| Boumville Village Trust |
1,000 | ||||||||
| Brightsight | 500 | ||||||||
| Britain Yearly Meeting For Children | And Young | People's Work | 2,000 | ||||||
| Britain Yearly Meeting OfThe Religious Socie | ty Of Friends | 70,000 | |||||||
| Britain Yearly Meeting Quaker | United | Nations | 0%ce | 18,000 | |||||
| British Friends ofQCEA | 14,000 | ||||||||
| British Red Cross | 5,000 | ||||||||
| Build-It International | 1,000 | ||||||||
| Caplor Horizons | 1D,OOO | ||||||||
| Central England Area Quaker Meeting |
12,500 | ||||||||
| Children For Health |
1,000 | ||||||||
| Christian Blind Mission |
2,000 | ||||||||
| Clowns In The Sky |
1,0DO | ||||||||
| Concern Worldwide | 15,0DO | ||||||||
| Coventry Refugee 8 Migrant Centre | 2,000 | ||||||||
| Coventy Resource Centre | For The | Blind | 1,000 | ||||||
| Cruse Bereavement Care |
2,0DO | ||||||||
| Dudley Lodge Safeguarding | Childrens | Services | 1,000 | ||||||
| Edinburgh Direct Aid |
3,000 | ||||||||
| Educating The Children |
1,000 | ||||||||
| Edwards Trust |
1,500 | ||||||||
| Engineering Development |
Trust | (1,000) | |||||||
| Escaping Victimhood | 2,000 | ||||||||
| Evergreen Africa |
1,000 | ||||||||
| Family Action | 8,000 | ||||||||
| FH Moscow | 1,000 | ||||||||
| Finding Rhythms | (1,000) | ||||||||
| Forward Africa Education | 1,500 | ||||||||
| Friends of Hlekweni | 5.500 | ||||||||
| Friends Southern Summer |
School | 1,000 | |||||||
| FWCC EMES | 4„000 | ||||||||
| Glebe House | 1,000 |
| 2022 | |||||
|---|---|---|---|---|---|
| Guys Gilt | 500 | ||||
| Halow Birmingham | 2,000 | ||||
| Hands Around The World |
1,500 | ||||
| HelpAge International |
1,00D | ||||
| Home Leone | 4„000 | ||||
| HOPE Coventry | 500 | ||||
| Hope Health Action | 1,500 | ||||
| Hope Into Action Reading | (500) | ||||
| Humanity 8 Inclusion |
2,000 | ||||
| John Fawcett Foundation | 1,500 | ||||
| Karis Neighbourhood | Scheme | 1,000 | |||
| Kendal LQM | 1,000 | ||||
| Mango Tree Orphan | Support Prog | 2,500 | |||
| Marazion LQM |
1,QOO | ||||
| Mary Stevens Hospice | 1,000 | ||||
| Money for Madagascar | 22,000 | ||||
| Newlife-The Charity For Disabled |
Children | 1,000 | |||
| Nightingale Children's |
Project | 1,000 | |||
| Peace Direct | 2,000 | ||||
| Peace Museum | 1,00D | ||||
| Peter Pan Centre For | Children | With Special Needs | 500 | ||
| Physio Net | 500 | ||||
| Plan Your Future | 1,000 | ||||
| Practical Action | 1,500 | ||||
| Prison Reform Trust |
2,000 | ||||
| Prisoners Advice Service |
5,000 | ||||
| Prisoners Penfriends |
500 | ||||
| Project Mala | 2,500 | ||||
| Q Voluntary Action |
3,000 | ||||
| QCEA | 12,000 | ||||
| Quaker Asylum 8 Refugee Network | (1,000) | ||||
| Quaker Bolivia Link |
1,000 | ||||
| Quaker Bookshop publication | 2,000 | ||||
| Quaker Service {Ireland) | 14,000 | ||||
| Quaker Social Action | 32,000 | ||||
| Rainy Day Trust | 50Q | ||||
| Re-Engage | 5DO | ||||
| Relate | 5,000 | ||||
| Rescue Committee | 10,DQQ | ||||
| Resources For Autism | 1,Q00 | ||||
| Rising Stars Young | People's Services | 500 | |||
| Rotary Club Of Plympton | 2,000 | ||||
| Salvation Army |
3,000 | ||||
| Salvation Army West |
Midlands | 7„000 | |||
| Sandwell Youth In Action |
1.000 |
| Y | Y | Y | Y | ear ended 5April 2022 | |
|---|---|---|---|---|---|
| 22.Analysis ofgrants (continued) | |||||
| Scholarships For Street Children |
3,000 | ||||
| Serendip Childrens Home |
2,000 | ||||
| Shelter | 12,000 | ||||
| Siblings Together | 500 | ||||
| Simien Mountain Medical |
Services | 2, 0QO | |||
| South Sudanese East | Bank Commuity | Association | 500 | ||
| St Anne's Hostel |
2,000 | ||||
| Stand Alone | 1,000 | ||||
| Street Teams | 1,000 | ||||
| The Bhopal Medical Appeal | 1,500 | ||||
| The Engineering Development |
Trust | 1,000 | |||
| The Feast | 1,000 | ||||
| The Friend | 6,000 | ||||
| The Friends ofHOPE | 2,000 | ||||
| The Girls Network | 1,000 | ||||
| The Haven Wolverharnpton | 1,000 | ||||
| The Refugee Council | 2,000 | ||||
| Their Future Today | 2,000 | ||||
| Tiny Tim's Childrens Centre |
1,000 | ||||
| Tools for Self Reliance | 4,0QO | ||||
| Transitions UK |
500 | ||||
| Triple-H Trust | 1,000 | ||||
| Trussell Trust | 5,000 | ||||
| UK Reads | 1,000 | ||||
| UNHCR | 4,000 | ||||
| UNICEF | 10,000 | ||||
| UNICEF Yemen | 4,000 | ||||
| Walsall Bereavement | Support | Services | 1,000 | ||
| Warwickshire Hedgehog |
Service | 500 | |||
| Warwickshire Social Inclusion |
Partnersh | Ip | 1,000 | ||
| What Makes You Different Makes You | Beautiful | 1,000 | |||
| Woodbrooke | 24,000 | ||||
| Worcester Street Pastors | 1,000 | ||||
| Workplace Matters |
1,0QQ | ||||
| WWF-UK | 1,500 | ||||
| YFGM | 2,000 | ||||
| YHA (England and Wales) |
2,000 | ||||
| Young Women's Trust |
1,QQO | ||||
| Youth Together for Higher | Education | 1.000 | |||
| Zambia Orphans Aid |
1,000 |