## ## ## ## ## ## ## ||||Page| |---|---|---|---| |President's|statement||| |Trustees'|report||2-7| |Statement|oftrustee|responsibilities|| |Investment|managers|report|| |Independent
auditor's||report|10-12| |Statement|offinancial|activities|13| |Balance sheet|||14| |Notes to the accounts|||15-31| ## ## ## |The trustees present the|ir|report and|report and|report and|financial|financial|statements
for|statements
for|the year ended 31 D|the year ended 31 D|the year ended 31 D|ecember 20|ecember 20|21.|| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |The financial
statements||have been|||prepared||in accordance||with the accounting|||policies set||out in note|1 to| |the financial
statements|and comply||||with the||charity's|trust deed, the Charities Act 2011 and||||||"Accounting|and| |Reporting
by Charities:
in accordance
with the|Statement
Financial|||of Recommended
Reporting
Standard||||Practice applicable
to charities
preparing
their accounts
applicable
in the UK and Republic of Ireland (FRS 102)|||||||| |(effective
1 January 2019)"|||||||||||||||| |The Committee|||||||||||||||| |The rules of the Association|||provide||for a|Committee||to manage
the||day|to day||affairs of|the charity.|The| |Superior and the Headmaster|||of Stonyhurst|||College are ex-officio members|||||ofthe|Committee.|||| |The members
who served||during||the|period|were as follows;|||||||||| |Trustee members ofthe||Committee|||||||||||||| |A N Macfarlane|||||||||||||||| |L Crouch|||||||||||||||| |FT Holt|||||||||||||||| |GJ Lagerberg -Treasurer|||||||(Appointed||23April 2021)||||||| |Non-Trustee
members|ofthe Committee||||||||||||||| |J Browne - Headmaster|||||||||||||||| |Father TCurtis SJ -Jesuit||Superior|||||||||||||| |D Hartley - President|||||||(Appointed||23April 2021)||||||| |T Livesey - President|||||||(Resigned as President|||23|April|2021)|||| |J Macfarlane
- President-Elect|||||||(Appointed||27 June 2021)||||||| |BRoche- Chairman|||||||(Appointed||as Chairman|23April||2021)|||| |SAndrews - Chairman|||||||(Resigned as Chairman|||23April||2021)|||| |D Hurst - Secretary|||||||||||||||| |D Ridout- College Representative|||||||||||||||| |J Burns|||||||||||||||| |EWotton|||||||||||||||| |M Hurst|||||||(Resigned 23April 2021)||||||||| |R Mellows|||||||||||||||| |Fr BCallaghan|||||||||||||||| |R Hargreaves|||||||||||||||| |LVorreiter|||||||||||||||| |L Pryor|||||||||||||||| |RWotton|||||||||||||||| |Father
N King SJ|||||||(Resigned 23April 2021)||||||||| |G Cohen|||||||(Resigned 23April 2021)||||||||| |J Ribet|||||||||||||||| |SWithnell|||||||||||||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Unrestricted|Restricted|Endowment|Total|Total| |---|---|---|---|---|---|---|---| ||||funds|funds|funds||| ||||2021|2021|2021|2021|2020| |||Notes||6|6||| |~ln
tgafmttt.
Donations and legacies|||61,948|||61,948|56,579| |Charitable
activities|||||||95| |Other trading activities
Investments|||6,175
35,839|15,636||6,175
51,475|6,363
46,630| |Total income|||103,962|15,636||119,598|109,667| |KKQQttd)tttlkQ
0 '
Raising funds||6|8,167|1,926||10,093|14,767| |Charitable
activities||7|113,239|9,366||122,605|127,003| |Total resources expended|||121,406|11,292||132,698|141,770| |Net (losses)/gains|on investments|13|83,077|18,011|20,786|121,874|(66,732)| |Net movement
in|funds||65,633|22,355|20,786|108,774|(98,835)| |Fund balances at 1 January 2021|||852,819|270,631|239,333|1,362,783|1,461,618| |Fund balances at
2021|31 December||918,452|292,986|260,119|1,471,557|1,362,783| ## ## ## ||||||||2021|2020|| |---|---|---|---|---|---|---|---|---|---| |||||Notes||||6|| |Fixed assets|||||||||| |Intangible assets
Investments|||||15
16||1,806
1,493,436||2,168
1,379,520| ||||||||1,495,242||1,381,688| |Current assets|||||||||| |Stocks|||||18|13,487||15,735|| |Debtors|||||19|55,661||30,424|| |Cash at bank and|in|hand||||133,513||87,666|| |||||||202,661||133,825|| |Creditors: amounts||falling|due within||||||| |one year|||||21|(226,346)||(152,730)|| |Net current
liabilities|||||||(23,685)||(18,905)| |Total assets less|current liabilities||||||1,471,557||1,362,783| |Capital funds
Endowment
funds|-|general|||22||260,119||239,333| |Income funds|||||||||| |Restricted
funds|||||23||292,986||270,631| |Unrestricted
funds:|||||||||| |Designated
funds
General unrestricted||funds|||24|42,706
875,746||38,712
814,107|| ||||||||918,452||852,819| |Pd
t
t tt||t|pp|ddptd|t|t,.E/.|1,471,557
.%k||1,362,783| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Donations|and legac|ies||| |---|---|---|---|---| ||||Unrestricted|Unrestricted| ||||funds|funds| ||||2021|2020| ||||E|| |Donations|and gifts||17,948|9,579| |Membership|fees||44,000|47,000| ||||61,948|56,579| |Donations|and gifts|||| |General donations|||15,160|5,000| |Stonyhurst|Pilgrimage|Trust|1,070|1,070| |Government|grants||1,717|3,509| |Other|||1|| ||||17,948|9,579| ## ||Unrestricted|Unrestricted| |---|---|---| ||funds|funds| ||2021|2020| ||E|E| |Functions||95| ## ## ## ## |Other|trading activities||| |---|---|---|---| |||Unrestricted|Unrestricted| |||funds|funds| |||2021|2020| ||||F| |Sales|ofties and prayer books|6,175|6,363| ## |||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total| |---|---|---|---|---|---|---|---| |||funds|funds||funds|funds|| |||2021|2021|2021|2020|2020|2020| ||||6|6||F|| |Income from listed|||||||| |investments||29,288|15,636|44,924|26,421|14,060|40,481| |Income from unlisted|||||||| |investments||6,464||6,464|5,897||5,897| |Interest receivable||87||87|252||252| |||35,839|15,636|51,475|32,570|14,060|46,630| |Raising funds|||||||| |||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total| |||funds|funds||funds|funds|| |||2021|2021|2021|2020|2020|2020| ||||6|6|F|F|| |Purchase ofties,
cufflinks, books etc||4,581||4,581|5,245||5,245| |Investment
fees|management|3,586|1,926|5,512|6,129|3,393|9,522| |||8,167|1,926|10,093|11,374|3,393|14,767| ## ## ## ## |Charitable
|activities||| |---|---|---|---| |||2021|2020| |||6|6| |Functions||1,184|1,643| |Governance|and support costs (see note 9)|62,840|63,686| |||64,024|65,329| |Grants payable (see note 8)||42,871|45,753| |Governance|and support costs (see note 9)|15,710|15,921| |||122,605|127,003| ## ## ## |||||2021|2020| |---|---|---|---|---|---| |||||E|E| |Grants to|institutions:||||| |Robert Persons
Fellowship||||6,666|3,333| |Stonyhurst
Stonyhurst
Stonyhurst|College -
College -
College -|Scholarships
Prizes
Modern Languages||30,000
1,500
2,660|30,000
1,500
2,387| |Stonyhurst|College -|War Requiem|Mass|75|75| |Stonyhurst|College -|Other|||1,500| |Stonyhurst|Pilgrimage|Trust||1,000|1,188| |||||41,901|39,983| |Grants to|individuals|(1 grants)||970|5,770| |||||42,871|45,753| ## ## ## |9|Allocation ofsupp|ort a|nd governance|costs||| |---|---|---|---|---|---|---| ||||||2021|2020| ||Supportcosts:
Staff costs||||33,182|33,332| ||Depreciation||||362|389| ||Exchange Losses|||||10| ||Telephone|||||74| ||Office 8 newsletter|costs|||23,948|26,467| ||Sundry||||505|874| ||Bank charges||||354|332| ||Website||||6,479|7,001| ||Governanace costs:|||||| ||Audit fees (note 10)||||5,640|8,000| ||Accountancy||||5,280|3,130| ||Legalfees||||2,800|| ||||||78,550|79,609| ||Allocated as follows:|||||| ||Charitable
activities|||||| ||Functions||80'%%d||62,840|63,686| ||Grants payable||200%%d||15,710|15,921| ||||||78,550|79,607| |10|Auditor's
remuneration|||||| ||The analysis of auditor's||remuneration|isas follows:||| ||||||2021|2020| ||||||E|6| ||Audit ofthe annual|accounts|||5,640|8,000| ||All other non-audit|services|||5,280|3,130| ||||||10,920|11,130| ## ## ## ## ## |||2021|2020| |---|---|---|---| |||Number|Number| |Administrative|staff||| |Employment|costs|2021|2020| |||E|6| |Wages and salaries
Social security costs||28,854
4,328|28,984
4,348| |||33,182|33,332| ## |Net (losses|)/gains|on investments|||||| |---|---|---|---|---|---|---|---| ||||Unrestricted|Restricted Endowment||Total|Total| ||||funds|funds|funds|2021|2020| ||||||f||| |Net (losses)/gains||on investments|79,107|18,032|19,973|117,112|(46,861)| |Gain/(loss)|on sale|of investments|3,970|(21)|813|4,762|(19,871)| ||||83,077|18,011|20,786|121,874|(66,732)| |Forthe year ended 31
December 2020|||(43,523)|(11,296)|(11,913)||(66,732)| ## ## ## ## ## |Intangible
fixed asse|ts|| |---|---|---| |||Website costs| |Cost||| |At 1 January 2021 and 31 December 2021||3,616| |Amortisation
and impairment||| |At 1 January 2021||1,448| |Amortisation
charged|for the year|362| |At 31 December 2021||1,810| |Carrying
amount
At 31 December 2021||1,806| |At 31 December 2020||2,168| ## ## ## |Fixed asset investments||||| |---|---|---|---|---| ||Listed|Unlisted|Cash in|Total| ||investments|investments|porffolio|| ||6|6||| |Cost or valuation||||| |At 31 December 2021|1,342,642|13,239|23,639|1,379,520| |Additions|1,297,996|||1,297,996| |Valuation changes|117,112|||117,112| |Increase
in cash held as part ofthe portfolio|||41,651|41,651| |Disposals|(1,342,843)|||(1,342,843)| |At 31 December 2021|1,414,907|13,239|65,290|1,493,436| |Carrying
amount
At 31 December 2021|1,414,907|13,239|65,290|1,493,436| |At 31 December 2020|1,342,642|13,239|23,639|1,379,520| ## ## |Financial||instruments|||2021|2020| |---|---|---|---|---|---|---| ||||||F|6| |Carrying
amount offinancial assets
Investments
measured
at fair value through||||income and expenditure|1,412,043|1,320,051| ## ## ## |Stocks|||||||| |---|---|---|---|---|---|---|---| |||||||2021|2020| |||||||8|8| |Finished|goods|and|goods|for|resale|13,487|15,735| |Debtors|||| |---|---|---|---| |||2021|2020| |Amounts|falling due within one year:|8|6| |Trade debtors||26|851| |Other debtors||55,635|29,573| |||55,661|30,424| ## ## |||2021|2020| |---|---|---|---| |||F|F| |Other creditors||751|751| |Accruals and deferred|income|225,595|151,979| |||226,346|152,730| |Z0I-
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ICD||||DD0l||| ## ## ## |The remun|eration
of key management
personnel
is as|follows.|| |---|---|---|---| |||2021|2020| |||E|| |Aggregate|compensation|17,121|17,308|