| ominatedDirectors e Foundationelects,inGener ticlesofAssociation.The lon tationatthe endofeachAnn |
alMeeting,Directorsn gest-serving one-third. o ùalGeneraiMeeting but |
ominatedinaccord fthenominated D areeligibleforre |
ancewithits irectors retire -nomination. |
|---|---|---|---|
| Name | Nominating body | DateofAGM | Committee |
| whenlast elected | |||
| MsDorothy Garland | Societyforthe | 2018 | Awards |
| Propagationof | ResigneclB | ||
| Christian Knowleclge | December2021 | ||
| MrAlianKanu | Societyforthe | 2021 | Finance |
| Propagationof | |||
| ChristianKnowledge | |||
| ProfAnthonyRLeedsMBBS MScCBiolFIBiolRNutr |
Bishop'sCouncilof the DioceseofLondon |
2021 | Awards Governance |
| MrDerekHollowayBEd | NationaiSocietY | 2019 | Awards |
| MrMichaelC JacobBScMA PGCE |
NationalSocietY | 2019 | Awards Governance |
| TheReva'CanonDrKeithG Riglin*BEdMThMAThD FRSA |
TheBishopofLondon | 20L9 ResignedB December2021 |
Finance Awards |
| MrsBarbaraHarveYChair | TheBishopofLondon | 202|Finance Awards |
|
| Governance | |||
| MrsRebeccaParkinsonBSc, | Societyforthe | 2021 | Awards |
| PGCE | Propagationof | ||
| ChristianKnowle | |||
| MrBenSiaw BA,HND | TheBishop'sCounci! | 2021. | Awards |
| LLSAINTSEDUCATIONAT, TR RTY-THIRDANNUALRÐPO EARENDED30thJIJNE2022 |
UST RT |
|||
|---|---|---|---|---|
| PGCE,NPQH | ||||
| The Revd.Tim Elbourne | ChelmsfordDiocesan Board ofEducation |
2020 Resigned |
1't | Awards |
| Fe | 2022 | |||
| MrsFrancesM Smith CertEd | AssociationofPast | 2020 | Awards | |
| Members |
| o-opted Directors he Boardmay co-opta ne co-optedDirectàr o-optionstake effect a oseofthecorïespond aydecide.Anyco-opt |
dditio mustb t thec ing m ion m |
nalDirectorsof theFo eascholarformerlysup loseofthemeetingatw eetinginthefirst,seco ayberenewed' |
nalDirectorsof theFo eascholarformerlysup loseofthemeetingatw eetinginthefirst,seco ayberenewed' |
undationforanyter ported by agtant.fu hichtheyarãdecide ndorthiidyearther |
mup tothree omtheTrust' dand expire eanter,asthe |
|---|---|---|---|---|---|
| Name MsDianeMcCreaMSc |
BEd | Date ofBoardMeeting whenlast d 2021 |
d Term forwhich 3years |
Committee Awarcls Finance |
|
| FRSHMBE | Governance | ||||
| MrDavidJTril1o,BA FCAt | 2021 | 3 years Resigned23rcl |
Finance | ||
| l | /rarc]n2022 | ||||
| MrDavidWilsonLLB, | 2021 | 3years | Governance | ||
| FRSA, FR FRAS MrStephenMBrooker |
MA | 2019 | 3years | Finance Governance |
|
| FCA MrsLouise Davies MrsBarbaraEHarveY |
MSc | 2019 2019 BecameChair December2021(see |
.) 3 years |
Awards Finance Awards Governance |
|
| above | |||||
| DrCCAugurPearceLLM MAPhD MsStephanie]Valentine |
2019 2019 |
3yearsResignedB December2021 3years |
Finance Awards |
||
| MA Di EdFRSA |
| thereportingPeriod TheFoundationappoint Trusteerole.MrK.D. Mit isoutsourcedtoAcco fundraisingandno comp |
sa companysecretary,whoacts che1lB.A.-Soiicitor-ã"rt",inthis untabilityEuropeLimited. The laints in relationtofundraisingac |
asClerktot capacity.Day Trustdoesn tivitieshave b |
e Foundationn todaybookkeep otengageinact eenreceiveddur |
|---|---|---|---|
| Office: | KnightriderIIouse 2KnightriderCourt London |
Telephone E-mail: Website: |
020 72488380 aset@aset.org.uk www.aset.org.uk |
| EC4V5AR | |||
| Bankers: | CAF(CharitiesAidFoundation) | BankLtd | |
| 25KingsHillAvenue | |||
| KingsHill | |||
| WestMalling | |||
| Kent | |||
| ME194JQ | |||
| Solicitors: | Birketts | ||
| ProvidenceHouse | |||
| l4I-145PrincesStreet | |||
| Ipswich | |||
| Suffolk | |||
| rP1iQJ | |||
| InvestmentManagers | UBSAG | ||
| 5 Broadgate | |||
| London | |||
| EC2M 2AN |
| ALLSAINTSEDUCATIO FORTY-TIIIRDANNUAL VEARENÐEÐ30thJUNE |
NALTRUST RÐPOR.T 2022 |
|---|---|
| IndependentAuditors | Moore KingstonSmithLLP |
| 9AppoldStreet | |
| London | |
| F.CLAzAP | |
| PropertvManaging | JohnArkwright&Co |
| Agents: | Il5MountStreet |
| London | |
| w1K3NQ | |
| Accountants: | AccountabilitYEuroPeLimited |
| 39-4INorthRoad | |
| London, N79DP |
| eTrusteeconsidersthe ace thatwillmitigatethos |
major riskstowhichtheTrust erisks,asfollows: |
isexposed,andbelievesthat systemsare |
|---|---|---|
| RISK | POSSTBLE TMPACT | o T |
| 1.Investmentfailings | InsufficientmoneYto supporlaims |
Close regularcontactwithInvestment Manager.QuarterlYValuation reports.Supervisionbyexperienced |
| InvestmentsMonitoringGrouP' |
| 2"Inadequate governance, leading to reputational |
Failureto honourand support theaimsofthe Charity by, forexamPle, |
Experlnominatedorco-oPted members.Regularmeetings,allfully minuted.PublishedAnnualRepori. |
|---|---|---|
| damage | authorisingawardsoutside | |
| the termsofreferenceand | ||
| ObjectsofthecharitY; orbY | ||
| nottakingadequatestePsto | ||
| confirmtheprobitYand | ||
| eligibilityofapotential | ||
| awardee,whether | ||
| individualorcorporate' | ||
| 3.Competenceand integrity ofTrust employees |
Fraudulentuse/misuseof money.Insufficient attentiontoneedsof potentialbeneficiaries' |
Regular reportingtoCommitteesand tofullBoard meetings.Segregationof duties appliedwherePossible inciudingapprovalofPaYments' Annual reviewof officeprocedures |
| andsecurity controlsbYFinance | ||
| Committee. | ||
| 4.Sucldenlossof | Disruptionofprocedures, | Essentialrecorclsaremaintainedon |
| records or Personnel | interruption ofcharitable activity. |
computersandarear"rtornatically backed up.Someoverlapsinpersonal |
| skillsand systemsawareness. | ||
| 5.Lossofinvestment proPet1Y |
Disruption ofprocedures, lossofoff,rceanci interruptiontoactivities. |
Insurance coverinPlacewith Ecclesiasticalandwith Aviva InsuranceUK. |
| For theyea | rended30 | rended30 | June2022 | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Notes | Unrestricted General Funds Ê |
Permanent Endowment Funds Ê |
Total 2022 Ê |
Unrestricted General Funds L |
Permanent Endowment FundsI |
Total 2021 Ê |
|||
| lncome andEndowments From lnvestments |
2 | 606,299 | 606,299 | 663,794 | 663,794 | ||||
| Total | 606,299 | 606,299 | 663,794 | - | 663,794 | ||||
| ExpenditureOn: | |||||||||
| Raisingfunds lnterest onloanfinance lnvestmentmanagement fees Property managementfees |
124,574 117,012- 7.562 |
162,888 162,888 |
117,012 162,888 7.562 287,462 |
104,289- 21î1" 125,302 |
101,486 101,486 |
226,788 104,289 10'1,486 21.013 |
|||
| Charitableactivities Grants foreducationalsuPPort AssociatedsuPPortcosts |
3,4 | 218,367 89,429 307,796 |
- - - |
218,367 89,429 307,796 |
554,261 70,184 624,445 |
554,261 .70,184 |
|||
| Total | 432,370 | 162,888595,258 | 749,747 | 101,486 | 851,233 | ||||
| Netlncome /(ExPenditure) before investmentand othergains |
173,92e (162,888)11,041 | (85,e53)(101,486)(187,439) | |||||||
| Net (losses)/gainson investments Other(losses)/gains |
I | (s48,077\ Ø.271|(s48,077) Ø.271| |
902,240 (3,878) |
902,240 t3.87B) |
|||||
| NetlncomefortheYear | 173,929 | (1,115,236)(e41,307) | (85,e53) | 796,876 | 710,923 | ||||
| Total funds broughtfon¡¡ard | 1,070,162 | 11,776,709 | 12,846,871 | '1,156,115 | 10,979,833 | 12,135,948 | |||
| Totalfundscarriedforward | 1,244,091 | 10,661,473 | 1l-,99!,564 | 1,070J62 | 11'776'709 | 12',846'871 |
| 2ü?2 | 2A22 | 2t21 | 2{21 | ||
|---|---|---|---|---|---|
| Note | Ê | 1_ | r, | ||
| Fixe¡JAssetc iangiblefixed assets Lisiedi*vestnients lnveshÌÌent Ptn¡:erties |
7 {} I |
27S,0ü0 i3,621,A61 3,174,ütü |
?88,000 '16,t29,616 3,312,000 |
||
| 17.û7r,067 | 19,629.616 | ||||
| CurrentÂs66tå ifeirtoÍs Cash aiLranl<alrCir,hasd |
4{' | 63,530 87,787 |
74.'î17 16,f5&7 |
||
| Reve¡ueaccountsheid as fialr'of irìvesimelì[Parifâlíc' |
182,4'13 | 441,4ti¡J | |||
| .----sfrJ'q\J-- | 6Btr,B32 | ||||
| llurre¡rtL.iâbilities | |||||
| Ç.;'editors,srnol!ììts failing due wllh¡n orleYei:rr |
1J | -."lgÆ)-, | t59 i.û131 | ||
| !i!ei Curretrt {Liabi}ities}'Àesèts | (,12ji]1,1,1ì | 89,8'19 | |||
| T*tal¿esetslesscurrent ltabifilies | 16.946,960 | 19,719.j35 | |||
| üre¿litors:ã*lotlllistaåling:fue' aiterr,lol.ethAnûtìôì VeAr |
i2 | _--t_1,!_4jgsii | --i9,9i¿qqâ | ||
| l{etAsset:; | 'i1.805"564 | ||||
| Represerrteeil3Y: | |||||
| üaFitalF$rì,Cs Per*lane¡te$d':¡'',"'n'¡ent |
iú;681 ,473 | 11,?76,¡tl!) | |||
| lncam¿Fi¡ncis | |||||
| Unrestricleõfuait- Generatíu¡¡el |
1,244.091 | .1.C7Cr.i62 | |||
| 1A | .1I 3û5.564 | 1:Ì.846,87I tz=-æ |
| AllSaintsEducational statementofcashFlowsforthe year |
Trust ended30Jr¡ne2ß22 |
|
|---|---|---|
| 2022 | 2A21 | |
| E | L | |
| Cashflowsfrom operatingactivities Net incomefor theYear |
(941,307) | 710,923 |
| Adjustmentsfor: Dividends,interestand rentsfrom investments lnterestreceived lnterestpaid Decreaseindebtors (Decrease)/increaseincreditors and grantcommitments (Gains)/LossesonListedinvestments |
(605,836) (463) 117,012 11,187 (237,505) 948,077 |
(663,747) (4) 104,289 7,152 358,392 (e02,24O) |
| Net cashusedin operatingactivities | (385,235) | |
| Cashflows frominvestingactivities Dividends,interestand rentsfrom investments Purchaseof investments Proceedsfromdisposalof investments |
605,836 (22,456,827) 23,933,364 463 |
663,747 (4,403,797) 4,552,340 4 |
| lnterestreceived lnterestpaid |
(117,012) | (104,289) |
| Netcash frominvestingactivities | 965.824 1, |
708.005 |
| Cashflowsfrom financingactivities Bank loanrePaid |
(1,726,778) | |
| Net cash from financingactivities | 7 778 |
|
| Ghangeincash and cashequivalentsintheyear Cash andcash equivalentsat beginningofyear |
(46e,78e) 1,143,770 |
322,770 821,000 |
| td of ear | 673,98',1 | 1,143,770 |
| Forthepurposes of theCash Flow Statement,cash includescash at ba asparlofinvestmentporlfolioandthe capitalaccount balance heldasp theseotheraccountsthroughwhichinvestmentsarepurchasedandsold. |
nk andinhand'revenue artof investmentportfolio |
accountheld as itis |
|---|---|---|
| 2022 | 2021 | |
| Ê | L | |
| Cash at bankandinhand Revenueaccountheld aspaft of investmentportfolio Capital accountbalance held as partof investmentportfolio |
B7,757 182,443 403,781 |
164,587 441,468 537,715 |
| 673,98'1 | 1,143,770 |
| 2 | lncomefrominvestments | 2022 E |
2A21t |
|---|---|---|---|
| lncomefromlistedinvestments Rental income lnterest received |
408,674 197,162 463 |
487,462 176,285 4 43 |
|
| Other income | |||
| 606,299 | 663,794 | ||
| 3 | Charitableactivities | 2022 Ê |
2021f |
| CorPorate awardscommitted Corporate awardsreleased inthe year Scholarshipsandbursariesto individuals committed Scholarshipsandbursariesto individuals released during theyear |
144,111 (10,53e) 119.340 (34,545) --zß36? |
309,023 (10,530) 257,608 (1,840) 554,261 |
|
| Associated supportcosts(note 4) | 89,429 __307Jgg_ |
70,184 624,445 |
|
| Thetrusthastaken the available exemptiontonot disclose thenames ofgrant recipients' | |||
| Analysis ofcorporateawards,scholarships and bursaries: | 2022 € |
2021 Ê |
|
| Paid or adiustedintheYear Awarded andPaidinfinancialYear Payable withinoneYear Payablein1-2Years |
(45,084) 32,000 229,451 2,000 __aþ,36?_ |
(12,370\ 420,845 145,786 ---99!261- |
|
| 4 | Associatedsupportcosts | 2022 Ê |
2021 î- |
| Staffcosts(note6) | 38,'106 '1,060 |
36,578 1,350 |
|
| Bank charges Heat, light& maintenance Less invesimentProPortion Office expenses Telephone lnsurance Less investmentProPortìon Other exPenses |
9,299 (8,555) 13,125 1,002 7,687 (7,072) 23 |
4,932 (4,537) 3,816 Àot 2,126 (1,e56) 65 |
|
| Governancecosts Accounting andfinancialsupport Meeting expenses Auditors' remuneration- (note5) Legal andProfessìonalfees |
8,159 3,687 11,029 11,879 ___89,429_ |
7AL 12,109 7,261 70.184 |
|
| 5 | Auditorsremuneration Auditors'remunerationforaudit services Auditors' remuneration- re currentyear Auditors' remuneration- re prioryear |
2022 Ê 10,265 ___10,265_ |
2021 Ê 9,375 1,380 10,755 |
| Non-audit seryices: Bookkeepingandaccounting |
764 764 |
1334 't,334 |
| All SaintsEduc Notesto theFinanclalSt FortheYearende |
ationalTrust atements (Contintred) d30June2022 |
|
|---|---|---|
| Staff Costs | 2022 € |
2021t |
| Salaries | 37,178 | 35,696 |
| Socialsecuritycosts | 928 | BB2 |
| Pensioncosts | ||
| 38,106 | 36,578 |
| ThekeymanagementpersonnelofthetrustcomprisetheTrusteesandtheClerk.Thetotalamountofem benefits(including employer national insuranceandpension contributions) receivedbykeyman fur"onn"ifo,theiiservicesto thetrust wasÊ38,106(2021' î36'578)' |
ployee agement |
|
|---|---|---|
| 7 | TangibleFixed Assets DuringtheperiodnopaymentsweremadeinrespectofTrustees.remuneration(2021:Nil)'Travelandoutof õ""¡"t "*p"nr", urnouÁtingtoÊ3,SS7 (2021:ÊNil) were reimbursedto13(2021:o) trustees. 2A22 Ê |
2021 L |
| Freeholdbuildingat valuation At1JulY 2021 RevaluationintheYear At30June2022 288,000 (12,000) 276,000 |
338,495 (50,495) 288,000 |
| Listed lnvestments | 2022 | 2021 |
| Ê | Ê | |
| Market valuebrought forward Add:Acquisitionsat cost Less:Dìsposals(ProceedsofÊ23,933,364Realisedgainofî2'257'459) Net (deficit)/surpluson revaluation |
'15,49'1,S01 22,456,827 (21,675,905) 7) 13,217,286 |
14,163,204 4,403,797 (4,124,436) 1,049,336 15,491 ,901 |
| Cash accountbalances held as partof investmentportfolio | 403,781 | 537 715 |
| Market valuecarried forward | 13,621,067 | 16,029,616 |
| Historical costat30June | 15,027,761 |
| lnvestmentProPerties | 2022 | 2021 |
| Ê | Ê | |
| Market valuebroughtforward Changein market value |
3,312,000 (138,000) |
3,836,505 /524,505 |
| Market valuecarrriedforward | '174,000 3, |
J,ù12,000 |
| 10 | Debtors | 2022 E |
2021t |
|---|---|---|---|
| 29,133 | 15,608 | ||
| Rental debtors Prepaymentsand accruedincome |
34,457 | 59,169 | |
| 63.590 | 74'777- |
| 11 | Greditors:amountsfallingduewithinone year | 2022 Ê |
2021 Ê |
|---|---|---|---|
| Grants committedbut not paid at theend of the year Accrualsand other creditors |
335,841 122,056 |
473,595 117,418 |
|
| 457,897 | 591,0',13 | ||
| 12 | Greditors:amountsfallingdue after more than one year | 2022 e |
2021f |
| Longtermloan Craitscommittedbut not paid at theendofthe year |
5,000,000 41,396 |
6,726,778 145,786 |
|
| tr 04'1,396 |
| AllSatntsEd Notesto theFinancial FortheYearen |
tlcational Trust statements(con ded30June2A2 |
tinued) 2 |
||
|---|---|---|---|---|
| 13MovementonReserves | Unrestricted Funds |
Endowment Funds |
2022 Total |
|
| CurrentYear | € | Ê | € | |
| Fundbalancesbroughtforward | 1,070,162 | 11,776,709 | 12,846,871 | |
| Netincome/(exPenditure) | 173,929 | (162,883) | 11,041 |
|
| Gains/(losses) oninvestment assets | (ucz | |||
| Fund balancescarried forward | 1,244,091 | 10,661,473 | 11,905,564 | |
| Unrestricted | Endowment | 2021 | ||
| Prioryear | Funds L |
Fundst | Totalf | |
| Fundbalancesbroughtforward | 1,'156,115 | 10,979,833 | 12,135,948 | |
| Netincome/(exPenditure) | (85,e53) | (101,486) | (187,43e) |
|
| Gains oninvestmentassets | 898,362 | 898 362 | ||
| Fundbalancescarriedforward | 1,070,162 | 11,776,709 Æ |
12,846,871 | |
| 14AnalysisofNetl\ssetsbetween Funds | ||||
| CurrentYear | Unrestricted Funds Ê |
Endowment Funds Ê |
2022 TotalI |
|
| Fixedassets(includinginvestments) Currentassets Creditorsand grantcommitments |
1,409,594 333,790 (4ee,2e3) |
15,661,473 5 000 |
17,071,067 333,790 (5 ,499 |
|
| Totalnetassets | 1,244,091 | 10,661.473 | 11,905,564 | |
| Prioryear | Unrestricted Funds L |
Endowment Funds L |
2021 TotalI |
|
| Fixedassets(includinginvestments) Current assets Creditors andgrantcommitments |
1]26,129 680,832 (736,799) |
18,503,487 (6.726,778| |
19,629,616 680,832 .577\ Q,463 |
|
| Totalnetassets | 1.O70.16211,776'70912,846,871 |
| June2022lheTrusthad outstandingcommitments ellableoperatingleases, as follows |
forfutureminimum lease payments | under non- |
|---|---|---|
| 2022 | 2021 | |
| â | L | |
| ¡\mountsPaYable DueinlessthanoneYear Due intwo-fiveYears |
954 397 |
954 954 |
| 1,351 | 1,e08 | |
| 2022 | 2021 | |
| € | L | |
| Rent Receivable Due in lessthanoneYear Due intwo-fiveYears |
221,995 429,277 |
221,995 651,272 |
| 651,272 | 873,267 |
| BritishNutrition | L.Davies | î"41,900 |
|---|---|---|
| Foundation | ||
| TreesforCities | D.McCrea | f,10 000 |
| St Phi 'sCentre |
M.Jacob | f,10 |
| Windle Trust | A.Leeds | f31 8s4 |
| Women's Education | A.Leeds | f6,000 |
| Parlnershi | ||
| w Uni ofBristol |
B | r.6 074 f25 4l |
| llniversi ofExeter |
D.McCrea&A.Leeds | .1 150 |
| Universi ofG |
A.Leeds | f,15 000 |
| B llniversi Culham StGabriel's |
D D.Hoilo |
f26407 ç) |
| Textiles SkillsCentre | L.Davies | 21, 50 |
| Windle Trust- | A.Leeds | r6,625 |
| continuationof2021 | ||
| award | ||
| Total | f245 501 |