2021-04-05-accounts - The Alan And Babette Sainsbury Charitable Fund

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`Trustees`
	`MsLindseyAnderson`
	`MrJulianSainsbury`
	`MissJudithPortraitOBE`
	`MsJessicaSainsbury`
`Registered`	`ThePeak`
`Office`	`5WiltonRoad` `-`
	`LondonSW1V1AP`
`Principal`	`MrsKarenEverett`	`ChiefOperatingOfficer`
`Officers`	`MsThrisaHaldar`	`Executive`
	`AllthePrincipalOfficersareemployedona part-timebasis.`
`Bankers`	`Child& Co`
	`1FleetStreet`
	`LondonEC4Y1BD`
`Solicitors`	`PortraitSolicitors`
	`21WhitefriarsStreet`
	`LondonECAM7JW`
`Auditors`	`SafferyChampnessLLP`
	`71QueenVictoriaStreet`
	`LondonEC4V4BE`
`Investment`	`Schroder& CoLimited`
`Advisers`	`102Moorgate`
	`LondonEC2R6DA`

`below:`
	`GrantsApproved`	`£`
`CivilLiberties& CommunityRelations`	`4`	`78,000`
`General`	`3`	`33,000`
`Jewish& IsraeliCauses`	`2`	`20,000`
`Overseas`	`1`	`27,500`
`YouthWork(includingart& education)`	`1`	`32,500`
`GrandTotal`	`11`	`191,000`

		`Unrestricted`	`Expendable`	`Expendable`	`TotalFunds`
	`Notes`	`Funds`	`Endowment`		`2021`		`2020`
		`£`	`’`	`£`	`£`		`£`
`Incomefrom:`
`Investments`	`3`	`464,079`		`-`	`464,079`		`575,666`
`BankdepositInterestandotherincome`		`63`		`-`	`63`		`"1,326`
`TotalIncome`		`464,142`		`-`	`464,142`		`576,992`
`Expenditureon:`
`Raisingfunds:`
`Investmentmanagementfees`		`-`		`53,597`	`53,597`	`+`	`56,350`
`Charitableactivity:`
`Grant-making:`
`Grantexpenditure`	`4`	`191,000`		`-`	`191,000`		`518,426`
`Grantrelatedsupportcosts`	`5`	`85,988`		`-`	`85,988`		`94,630`
`TotalExpenditure`		`276,988`		`53,597`	`330,585`		`669,406`
`NetOperatingSurplus/(Deficit)`		`187,154`		`(53,597)`	`133,557`		`(92,414)`
`Netgains/{losses)oninvestmentassets:`		`-`		`3,360,270`	`3,360,270`		`(2,857,155)`
`Transfersbetweenfunds`	`11`	`-`		`-`	`-`		`-`
`Netmovementinfunds`		`187,154`		`3,306,673`	`3,493,827`		`(2,949,569)`
`Reconciliationoffunds:`
`Totalfundsbroughtforward`		`-`		`13,856,211`	`13,856,211`	`16,805,780`
`Totalfundscarriedforward`		`187,154`		`17,162,884`	`17,350,038`	`13,856,211`

		`Restated`
	`2021`	`2020`
	`£`	`£`
`Netcashusedinoperatingactivities`	`(467,891)`	`(668,376)`
`Cashflowsfrominvestingactivities:`
`AdditionofFixedAssets`	`(4,118)`	`-`
`Dividendsandinterestfrominvestments`	`459,653`	`575,666`
`Purchaseofinvestments`	`(1,401,508)`	`(1,859,432)`
`ProceedsfromSaleofinvestments`	`1,163,690`	`2,415,412`
`Netcashprovidedby(usedin)investingactivities`	`217,717`	`1,131,646`
`Changeincashandcashequivalents`	`(250,174)`	`463,270`
`Cashandcashequivalentsbrought forward`	`671,931`	`208,661`
`Cashandcashequivalentcarriedforward`	`421,757`	`671,931`
`Reconciliationofnetcashusedinoperatingactivities`
	`2021`	`2020`
	`£`	`£`
`NetmovementinfundsasperStatementofFinancialActivites`	`3,493,827`	`(2,949,569)`
`Dividendsandinterestfrominvestments`	`(459,653)`	`(575,666)`
`(Gains)/Lossesoninvestments`	`(3,360,270)`	`2,857,155`
`Depreciationcharges`	`1,498`	`910`
`(Increase)/DecreaseinDebtors`	`(5,003)`	`16,865`
`DecreaseinCreditors`	`(138,290)` `(467,891)`	`(18,071)` `(668,376)`

`Analysisofthebalanceofcashasshowninthebalancesheet`
			`Changein`
			`year`
	`2021`	`2020`
	`£`	`£`	`£`
`Cashatbankandinhand`	`183,408`	`144,042`	`39,366`
`Cashbalancesheldbyinvestmentmanagerforreinvestment`	`238,349`	`527,889`	`(289,540)`
	`421,757`	`671,931`	`(250,174)`

`ANTSPAYABLE(continued)`
`Theamountpayableintheperiodconsistedotthetoilowing:`
`CivilUbertiesandCommunityRelations`			`£`
`BaobabCentreforYoungSurvivorsinExile`			`20,000`
`FreedomfromTorture(grantcancelled)`			`(22,000)`
`RefugeeandMigrantCentre(RMC)`			`33,000`
`RefugeesforJustice`			`5,000`
`RoomtoHeal`			`20,000`
`Overseas`
`AshdenSustainablesolutions,betterlives`	`:`		`27,500`
`YouthWork`
`DreamBelteveAchleve(DBA)`			`2,500`
`SalmonYouthCentre`			`18,000`
`YoungFutures`			`32,500`
`JewishandIsraeliCauses` `)`		`’`
`CouncilofChristians& Jews`			`10,000`
`WienerHolocaustLibrary`			`10,000`
`General`
`AshdenSustainablesolutions,betterlives`			`3,000`
`PhoenixArchSchool- formerlyVernonHouseSchool`			`1,500`
`TheSainsburyArchive`			`10,000`
`UnitedSt.Saviours`			`20,000`
`TotalgrantspayableperStatementofFinanclalActivities`			`191,000`

`ALLOCATIONOFSUPPORTCOSTS`
	`2021`	`2021`	`2021`	`2020`	`2020`	`2020`
	`Grant-`	`Governance`	`Total`	`Grant-`	`Governance`	`Total`
	`Making`		`Allocated`	`Making`		`Allocated`
	`£`	`£`	`£`	`£`	`£`	`£`
`Staffcosts`	`57,468`	`2,878`	`60,346`	`53,976`	`2,748`	`56,724`
`Shareofjointofficecosts`	`12,926`	`-`	`12,926`	`16,292`	`-`	`16,292`
`Directcostsincludingtravel`	`2,506`	`-`	`2,506`	`2,330`	`-`	`2,330`
`Legalandprofessionalfees`	`2,898`	`-`	`2,898`	`14,558`	`-`	`14,558`
`Depreciation`	`1,498`	`-`	`1,498`	`910`	`-`	`910`
`Auditors’remuneration`	`-`	`5,814`	`5,814`	`-`	`3,816`	`3,816`
	`77,296`	`8,692`	`85,988`	`88,066`	`6,564`	`94,630`

`ANALYSISOFSTAFFCOSTS`
	`2021`	`2020`
	`£`	`£`
`Salariesandwages`	`49,407`	`46,162`
`Socialsecuritycosts`	`5,494`	`5,012`
`Otherpensioncosts`	`5,445`	`5,550`
	`60,346`	`56,724`

`LeaseholdImprovements`
	`2021`	`2020`
	`£`	`£`
`Cost`
`At6 April2020` `Additions`	`9,100` `4,118`	`9,100` `=`
`At5 April2021`	`13,218`	`9,100`
`Depreciation`
`At6 April2020`	`7,280`	`6,370`
`Chargefortheperiod` `At5 April2021`	`1,498` `8,778`	`910` `7,280`
`NetBookValue`
`At5 April2021`	`4,440`	`1,820`

`FIXEDASSETINVESTMENTS`
	`2021`	`2020`
	`£`	`£`
`Marketvalue6 April2020`	`13,463,177`	`16,876,312`
`Less:disposalsatproceeds`	`(1,163,690)`	`(2,415,412)`
`Add:Acquisitionatcost`	`1,401,508`	`1,859,432`
`Netgains/(losses)oninvestments`	`3,360,270`	`(2,857,155)`
`Marketvalue5 April2021`	`17,061,265`	`13,463,177`
`Investmentcash`	`238,349`	`527,889`
`Totalinvestments`	`17,299,614`	`13,991,066`

`Theinvestmentsheldasat5 April`	`2021wereasfollows:`
		`2021`		`2020`
	`Cost`	`Market`	`Cost`	`Market`
		`Value`		`Value`
	`£`	`£`	`£`	`£`
`FixedInterest`	`1,835,189`	`1,867,511`	`1,835,188`	`1,737,733`
`UKEquities`	`3,521,458`	`5,157,684`	`3,806,288`	`4,549,484`
`OverseasEquities`	`3,876,042`	`6,971,220`	`3,862,023`	`4,748,640`
`Alternatives`	`2,933,751`	`3,054,850`	`2,452,371`	`2,417,320`
`SocialInvestment`	`10,000`	`10,000`	`10,000`	`10,000`
	`12,176,440`	`17,061,265`	`11,965,870`	`13,463,177`

`2021`	`2020`
`£`	`£`
`50,467`	`45,464`
`50,467`	`45,464`

`CREDITORS- amountsfallingduewithinoneyear`
	`2021`	`2020`
	`£`	`£`
`Grantspayablewithinoneyear`	`147,500`	`292,500`
`Accruals`	`19,953`	`19,682`
`Othercreditors`	`20,438`	`13,999`
	`187,891`	`326,181`

`LYSISOFNETASSETSBETWEENFUNDS`
	`Unrestricted`	`Expendable`	`Totals`
	`Funds`	`Endowment`	`2021`
	`£`	`£`	`£`
`Fundbalancesat5 April2021arerepresentedby:`
`Tangiblefixedassets`	`-`	`4,440`	`4,440`
`Investments`	`-`	`17,299,614`	`17,299,614`
`Currentassets`	`360,792`	`(126,917)`	`233,875`
`Currentliabilities`	`(173,638)`	`(14,253)`	`(187,891)`
`Totalnetassets`	`187,154`	`17,162,884`	`17,350,038`
`Movementintheyear`
`Openingbalanceasat5 April2020`	`-`	`13,856,211`	`13,856,211`
`Totalincomeandendowments`	`464,142`	`-`	`464,142`
`Costofraisingfunds`		`(53,597)`	`(53,597)`
`Costofgrant-making`	`(276,988)`		`(276,988)`
`Netgainsoninvestments`	`-`	`3,360,270`	`3,360,270`
`Transfersbetweenfunds`	`-`	`-`	`-`
`Closingbalanceasat5 April2021`	`187,154`	`17,162,884`	`17,350,038`

	`Unrestricted`	`Expendable`	`Totals`
	`Funds`	`Endowment`	`2020`
	`£`	`£`	`£`
`Fundbalancesat5 April2020arerepresentedby:`
`Tangiblefixedassets`	`-`	`1,820`	`1,820`
`Investments`	`-`	`13,991,066`	`13,991,066`
`Currentassets`	`326,181`	`(136,675)`	`189,506`
`Currentliabilities`	`(326,181)`	`-`	`(326,181)`
`Totalnetassets`	`-`	`13,856,211`	`13,856,211`
`Movementintheyear`
`Openingbalanceasat5 April2019`	`-`	`16,805,780`	`16,805,780`
`Totalincomeandendowments`	`576,992`	`-`	`576,992`
`Costofraisingfunds`	`-`	`(56,350)`	`(56,350)`
`Costofgrant-making`	`(613,056)`	`-`	`(613,056)`
`Netlossesoninvestments`	`-`	`(2,857,155)`	`(2,857,155)`
`Transfersbetweenfunds`	`36,064`	`(36,064)`	`-`
`Closingbalanceas at5 April2020`	`-`	`13,856,211`	`13,856,211`

			`Unrestricted`	`Expendable`		`TotalFunds`
		`Notes`	`Funds`	`Endowment`		`2020`
			`£`	`£`		`£`
	`Incomefrom:`
	`Investments`	`3`	`575,666`	`-`		`575,666`
`"`	`Bankdepositinterestandotherincome`		`1,326`	`-`		`1,326`
	`TotalIncome`		`576,992`	`-`		`576,992`
	`Expenditureon:`
	`Raisingfunds:`
	`Investmentmanagementfees`		`-`	`56,350`		`56,350`
	`Charitableactivity:`
	`Grant-making:`
	`Grantexpenditure`	`4`	`518,426`	`-`		`518,426`
	`Grantrelatedsupportcosts`	`5`	`94,630`	`-`		`94,630`
	`TotalExpenditure`		`613,056`	`56,350`	`:`	`669,406`
	`NetOperatingDeficit`		`(36,064)`	`(56,350)`		`(92,414)`
	`Net(losses)/ gainsoninvestmentassets:`		`*`	`(2,857,155)`		`(2,857,155)`
	`Transfersbetweenfunds`	`11`	`36,064`	`(36,064)`		`-`
	`Netmovementinfunds`		`-`	`(2,949,569)`		`(2,949,569)`
	`Reconciliationoffunds:`
	`Totalfundsbroughtforward`		`-`	`16,805,780`		`16,805,780`
	`Totalfundscarriedforward`		`-`	`13,856,211`		`13,856,211`