## 



## 

## 

## 



## 

## 

|ominatedDirectors<br>e Foundationelects,inGener<br>ticlesofAssociation.The lon<br>tationatthe endofeachAnn|alMeeting,Directorsn<br>gest-serving one-third. o<br>ùalGeneraiMeeting but|ominatedinaccord<br>fthenominated D<br> areeligibleforre|ancewithits<br>irectors retire<br>-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<br>MScCBiolFIBiolRNutr|Bishop'sCouncilof<br>the DioceseofLondon|2021|Awards<br>Governance|
|MrDerekHollowayBEd|NationaiSocietY|2019|Awards|
|MrMichaelC JacobBScMA<br>PGCE|NationalSocietY|2019|Awards<br>Governance|
|TheReva'CanonDrKeithG<br>Riglin*BEdMThMAThD<br>FRSA|TheBishopofLondon|20L9<br>ResignedB<br>December2021|Finance<br>Awards|
|MrsBarbaraHarveYChair|TheBishopofLondon|202\|Finance<br>Awards|
||||Governance|
|MrsRebeccaParkinsonBSc,|Societyforthe|2021|Awards|
|PGCE|Propagationof|||
||ChristianKnowle|||
|MrBenSiaw BA,HND|TheBishop'sCounci!|2021.|Awards|





|LLSAINTSEDUCATIONAT, TR<br>RTY-THIRDANNUALRÐPO<br>EARENDED30thJIJNE2022|UST<br>RT||||
|---|---|---|---|---|
|PGCE,NPQH|||||
|The Revd.Tim Elbourne|ChelmsfordDiocesan<br>Board ofEducation|2020<br>Resigned|1't|Awards|
|||Fe|2022||
|MrsFrancesM Smith CertEd|AssociationofPast|2020||Awards|
||Members||||



## 

|o-opted Directors<br>he Boardmay co-opta<br>ne co-optedDirectàr <br>o-optionstake effect a<br>oseofthecorïespond<br>aydecide.Anyco-opt|dditio<br>mustb<br>t thec<br>ing m<br>ion m|nalDirectorsof theFo<br>eascholarformerlysup<br>loseofthemeetingatw<br>eetinginthefirst,seco<br>ayberenewed'|nalDirectorsof theFo<br>eascholarformerlysup<br>loseofthemeetingatw<br>eetinginthefirst,seco<br>ayberenewed'|undationforanyter<br>ported by agtant.fu<br>hichtheyarãdecide<br>ndorthiidyearther|mup tothree<br>omtheTrust'<br>dand expire<br>eanter,asthe|
|---|---|---|---|---|---|
|Name<br>MsDianeMcCreaMSc|BEd|Date ofBoardMeeting<br>whenlast<br>d<br>2021||d<br>Term forwhich<br>3years|Committee<br>Awarcls<br>Finance|
|FRSHMBE|||||Governance|
|MrDavidJTril1o,BA FCAt||2021||3 years<br>Resigned23rcl|Finance|
|||||l|/rarc]n2022||
|MrDavidWilsonLLB,||2021||3years|Governance|
|FRSA, FR<br>FRAS<br>MrStephenMBrooker|MA|2019||3years|Finance<br>Governance|
|FCA<br>MrsLouise Davies<br>MrsBarbaraEHarveY|MSc|2019<br>2019<br>BecameChair<br>December2021(see||.)<br>3 years|Awards<br>Finance<br>Awards<br>Governance|
|||above||||
|DrCCAugurPearceLLM<br>MAPhD<br>MsStephanie]Valentine||2019<br>2019||3yearsResignedB<br>December2021<br>3years|Finance<br>Awards|
|MA Di EdFRSA||||||





## 



## 

|thereportingPeriod<br>TheFoundationappoint<br>Trusteerole.MrK.D. Mit<br>isoutsourcedtoAcco<br>fundraisingandno comp|sa companysecretary,whoacts<br>che1lB.A.-Soiicitor-ã"rt",inthis<br>untabilityEuropeLimited. The<br>laints in relationtofundraisingac|asClerktot<br> capacity.Day<br>Trustdoesn<br>tivitieshave b|e Foundationn<br> todaybookkeep<br>otengageinact<br>eenreceiveddur|
|---|---|---|---|
|Office:|KnightriderIIouse<br>2KnightriderCourt<br>London|Telephone<br>E-mail:<br>Website:|020 72488380<br>aset@aset.org.uk<br>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<br>FORTY-TIIIRDANNUAL<br>VEARENÐEÐ30thJUNE|NALTRUST<br> RÐPOR.T<br>2022|
|---|---|
|IndependentAuditors|Moore KingstonSmithLLP|
||9AppoldStreet|
||London|
||F.CLAzAP|
|PropertvManaging|JohnArkwright&Co|
|Agents:|Il5MountStreet|
||London|
||w1K3NQ|
|Accountants:|AccountabilitYEuroPeLimited|
||39-4INorthRoad|
||London, N79DP|



## 

## 



## 

## 

|eTrusteeconsidersthe <br>ace thatwillmitigatethos|major riskstowhichtheTrust<br>erisks,asfollows:|isexposed,andbelievesthat systemsare|
|---|---|---|
|RISK|POSSTBLE TMPACT|o<br>T|
|1.Investmentfailings|InsufficientmoneYto<br>supporlaims|Close regularcontactwithInvestment<br>Manager.QuarterlYValuation<br>reports.Supervisionbyexperienced|
|||InvestmentsMonitoringGrouP'|





|2"Inadequate<br>governance, leading<br>to reputational|Failureto honourand<br>support theaimsofthe<br>Charity by, forexamPle,|Experlnominatedorco-oPted<br>members.Regularmeetings,allfully<br>minuted.PublishedAnnualRepori.|
|---|---|---|
|damage|authorisingawardsoutside||
||the termsofreferenceand||
||ObjectsofthecharitY; orbY||
||nottakingadequatestePsto||
||confirmtheprobitYand||
||eligibilityofapotential||
||awardee,whether||
||individualorcorporate'||
|3.Competenceand<br>integrity ofTrust<br>employees|Fraudulentuse/misuseof<br>money.Insufficient<br>attentiontoneedsof<br>potentialbeneficiaries'|Regular reportingtoCommitteesand<br>tofullBoard meetings.Segregationof<br>duties appliedwherePossible<br>inciudingapprovalofPaYments'<br>Annual reviewof officeprocedures|
|||andsecurity controlsbYFinance|
|||Committee.|
|4.Sucldenlossof|Disruptionofprocedures,|Essentialrecorclsaremaintainedon|
|records or Personnel|interruption ofcharitable<br>activity.|computersandarear"rtornatically<br>backed up.Someoverlapsinpersonal|
|||skillsand systemsawareness.|
|5.Lossofinvestment<br>proPet1Y|Disruption ofprocedures,<br>lossofoff,rceanci<br>interruptiontoactivities.|Insurance coverinPlacewith<br>Ecclesiasticalandwith Aviva<br>InsuranceUK.|



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## 

|||For theyea|rended30|rended30|June2022|||||
|---|---|---|---|---|---|---|---|---|---|
||Notes|Unrestricted<br>General<br>Funds<br>Ê|Permanent<br>Endowment<br>Funds<br>Ê||Total<br>2022<br>Ê|Unrestricted<br>General<br>Funds<br>L|Permanent<br>Endowment<br>FundsI||Total<br>2021<br>Ê|
|lncome andEndowments From<br>lnvestments|2|606,299|||606,299|663,794|||663,794|
|Total||606,299|||606,299|663,794||-|663,794|
|ExpenditureOn:||||||||||
|Raisingfunds<br>lnterest onloanfinance<br>lnvestmentmanagement fees<br>Property managementfees||124,574<br>117,012-<br>7.562||162,888<br> <br>162,888|117,012<br>162,888<br>7.562<br>287,462|104,289-<br>21î1"<br>125,302||101,486<br> <br>101,486|226,788<br>104,289<br>10'1,486<br>21.013|
|Charitableactivities<br>Grants foreducationalsuPPort<br>AssociatedsuPPortcosts|3,4|218,367<br>89,429<br>307,796||-<br>-<br>-|218,367<br>89,429<br>307,796|554,261<br>70,184<br>624,445|||554,261<br>.70,184|
|Total||432,370||162,888595,258||749,747||101,486|851,233|
|Netlncome /(ExPenditure) before<br>investmentand othergains||173,92e (162,888)11,041||||(85,e53)(101,486)(187,439)||||
|Net (losses)/gainson investments<br>Other(losses)/gains|I|||(s48,077\<br>Ø.271\|(s48,077)<br>Ø.271\|||902,240<br>(3,878)|902,240<br>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<br>iangiblefixed assets<br>Lisiedi*vestnients<br>lnveshÌÌent Ptn¡:erties|7<br>{}<br>I||27S,0ü0<br>i3,621,A61<br>3,174,ütü||?88,000<br>'16,t29,616<br>3,312,000|
||||17.û7r,067||19,629.616|
|CurrentÂs66tå<br>ifeirtoÍs<br>Cash aiLranl<alrCir,hasd|4{'|63,530<br>87,787||74.'î17<br>16,f5&7||
|Reve¡ueaccountsheid as fialr'of<br>irìvesimelì[Parifâlíc'||182,4'13||441,4ti¡J||
|||.----sfrJ'q\J--||6Btr,B32||
|llurre¡rtL.iâbilities||||||
|Ç.;'editors,srnol!ììts failing due<br>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'<br>aiterr,lol.ethAnûtìôì VeAr|i2||_--t_1,!_4jgsii||--i9,9i¿qqâ|
|l{etAsset:;|||'i1.805"564|||
|Represerrteeil3Y:||||||
|üaFitalF$rì,Cs<br>Per*lane¡te$d':¡'',"'n'¡ent|||iú;681 ,473||11,?76,¡tl!)|
|lncam¿Fi¡ncis||||||
|Unrestricleõfuait-<br>Generatíu¡¡el|||1,244.091||.1.C7Cr.i62|
||1A||.1I 3û5.564||1:Ì.846,87I<br>tz=-æ|







## 

|AllSaintsEducational<br>statementofcashFlowsforthe year|Trust<br>ended30Jr¡ne2ß22||
|---|---|---|
||2022|2A21|
||E|L|
|Cashflowsfrom operatingactivities<br>Net incomefor theYear|(941,307)|<br>710,923|
|Adjustmentsfor:<br>Dividends,interestand rentsfrom investments<br>lnterestreceived<br>lnterestpaid<br>Decreaseindebtors<br>(Decrease)/increaseincreditors and grantcommitments<br>(Gains)/LossesonListedinvestments|(605,836)<br>(463)<br>117,012<br>11,187<br>(237,505)<br>948,077|(663,747)<br>(4)<br>104,289<br>7,152<br>358,392<br>(e02,24O)|
|Net cashusedin operatingactivities||(385,235)|
|Cashflows frominvestingactivities<br>Dividends,interestand rentsfrom investments<br>Purchaseof investments<br>Proceedsfromdisposalof investments|605,836<br>(22,456,827)<br>23,933,364<br>463|663,747<br>(4,403,797)<br>4,552,340<br>4|
|lnterestreceived<br>lnterestpaid|(117,012)|(104,289)|
|Netcash frominvestingactivities|965.824<br>1,|708.005|
|Cashflowsfrom financingactivities<br>Bank loanrePaid|(1,726,778)||
|Net cash from financingactivities|7<br>778||
|Ghangeincash and cashequivalentsintheyear<br>Cash andcash equivalentsat beginningofyear|(46e,78e)<br>1,143,770|322,770<br>821,000|
|td of ear|673,98',1|1,143,770|



## 

|Forthepurposes of theCash Flow Statement,cash includescash at ba<br>asparlofinvestmentporlfolioandthe capitalaccount balance heldasp<br>theseotheraccountsthroughwhichinvestmentsarepurchasedandsold.|nk andinhand'revenue <br>artof investmentportfolio|accountheld<br>as itis|
|---|---|---|
||2022|2021|
||Ê|L|
|Cash at bankandinhand<br>Revenueaccountheld aspaft of investmentportfolio<br>Capital accountbalance held as partof investmentportfolio|B7,757<br>182,443<br>403,781|164,587<br>441,468<br>537,715|
||673,98'1|1,143,770|





## 

## 



## 

## 



## 

|2|lncomefrominvestments|2022<br>E|2A21t|
|---|---|---|---|
||lncomefromlistedinvestments<br>Rental income<br>lnterest received|408,674<br>197,162<br>463|487,462<br>176,285<br>4<br>43|
||Other income|||
|||606,299|663,794|
|3|Charitableactivities|2022<br>Ê|2021f|
||CorPorate awardscommitted<br>Corporate awardsreleased inthe year<br>Scholarshipsandbursariesto individuals committed<br>Scholarshipsandbursariesto individuals released during theyear|144,111<br>(10,53e)<br>119.340<br>(34,545)<br>--zß36?|309,023<br>(10,530)<br>257,608<br>(1,840)<br>554,261|
||Associated supportcosts(note 4)|89,429<br>__307Jgg_|70,184<br>624,445|
||Thetrusthastaken the available exemptiontonot disclose thenames ofgrant recipients'|||
||Analysis ofcorporateawards,scholarships and bursaries:|2022<br>€|2021<br>Ê|
||Paid or adiustedintheYear<br>Awarded andPaidinfinancialYear<br>Payable withinoneYear<br>Payablein1-2Years|(45,084)<br>32,000<br>229,451<br>2,000<br>__aþ,36?_|(12,370\<br>420,845<br>145,786<br>---99!261-|
|4|Associatedsupportcosts|2022<br>Ê|2021<br>î-|
||Staffcosts(note6)|38,'106<br>'1,060|36,578<br>1,350|
||Bank charges<br>Heat, light& maintenance<br>Less invesimentProPortion<br>Office expenses<br>Telephone<br>lnsurance<br>Less investmentProPortìon<br>Other exPenses|9,299<br>(8,555)<br>13,125<br>1,002<br>7,687<br>(7,072)<br>23|4,932<br>(4,537)<br>3,816<br>Àot<br>2,126<br>(1,e56)<br>65|
||Governancecosts<br>Accounting andfinancialsupport<br>Meeting expenses<br>Auditors' remuneration- (note5)<br>Legal andProfessìonalfees|8,159<br>3,687<br>11,029<br>11,879<br>___89,429_|7AL<br>12,109<br>7,261<br>70.184|
|5|Auditorsremuneration<br>Auditors'remunerationforaudit services<br>Auditors' remuneration- re currentyear<br>Auditors' remuneration- re prioryear|2022<br>Ê<br>10,265<br>___10,265_|2021<br>Ê<br>9,375<br>1,380<br>10,755|
||Non-audit seryices:<br>Bookkeepingandaccounting|764<br>764|1334<br>'t,334|





## 

|All SaintsEduc<br>Notesto theFinanclalSt<br>FortheYearende|ationalTrust<br>atements (Contintred)<br>d30June2022||
|---|---|---|
|Staff Costs|2022<br>€|2021t|
|Salaries|37,178|35,696|
|Socialsecuritycosts|928|BB2|
|Pensioncosts|||
||38,106|36,578|



## 

||ThekeymanagementpersonnelofthetrustcomprisetheTrusteesandtheClerk.Thetotalamountofem<br>benefits(including employer national insuranceandpension contributions) receivedbykeyman<br>fur"onn"ifo,theiiservicesto thetrust wasÊ38,106(2021' î36'578)'|ployee<br>agement|
|---|---|---|
|7|TangibleFixed Assets<br>DuringtheperiodnopaymentsweremadeinrespectofTrustees.remuneration(2021:Nil)'Travelandoutof<br>õ""¡"t "*p"nr",<br>urnouÁtingtoÊ3,SS7 (2021:ÊNil) were reimbursedto13(2021:o) trustees.<br>2A22<br>Ê|2021<br>L|
||Freeholdbuildingat valuation<br>At1JulY 2021<br>RevaluationintheYear<br>At30June2022<br>288,000<br>(12,000)<br>276,000|338,495<br>(50,495)<br>288,000|



## 

||||
|---|---|---|
|Listed lnvestments|2022|2021|
||Ê|Ê|
|Market valuebrought forward<br>Add:Acquisitionsat cost<br>Less:Dìsposals(ProceedsofÊ23,933,364Realisedgainofî2'257'459)<br>Net (deficit)/surpluson revaluation|'15,49'1,S01<br>22,456,827<br>(21,675,905)<br>7)<br>13,217,286|14,163,204<br>4,403,797<br>(4,124,436)<br>1,049,336<br>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<br>Changein market value|3,312,000<br>(138,000)|3,836,505<br>/524,505|
|Market valuecarrriedforward|'174,000<br>3,|J,ù12,000|



|10|Debtors|2022<br>E|2021t|
|---|---|---|---|
|||29,133|15,608|
||Rental debtors<br>Prepaymentsand accruedincome|34,457|59,169|
|||63.590|74'777-|



|11|Greditors:amountsfallingduewithinone year|2022<br>Ê|2021<br>Ê|
|---|---|---|---|
||Grants committedbut not paid at theend of the year<br>Accrualsand other creditors|335,841<br>122,056|473,595<br>117,418|
|||457,897|591,0',13|
|12|Greditors:amountsfallingdue after more than one year|2022<br>e|2021f|
||Longtermloan<br>Craitscommittedbut not paid at theendofthe year|5,000,000<br>41,396|6,726,778<br>145,786|
|||tr 04'1,396||





## 

|AllSatntsEd<br>Notesto theFinancial<br>FortheYearen|tlcational Trust<br>statements(con<br>ded30June2A2|tinued)<br>2|||
|---|---|---|---|---|
|13MovementonReserves|Unrestricted<br>Funds|Endowment<br>Funds||2022<br>Total|
|CurrentYear|€|Ê||€|
|Fundbalancesbroughtforward|1,070,162|11,776,709|12,846,871||
|Netincome/(exPenditure)|173,929|(162,883)||<br>11,041|
|Gains/(losses) oninvestment assets||(ucz|||
|Fund balancescarried forward|1,244,091|10,661,473|11,905,564||
||Unrestricted|Endowment||2021|
|Prioryear|Funds<br>L|Fundst||Totalf|
|Fundbalancesbroughtforward|1,'156,115|10,979,833||12,135,948|
|Netincome/(exPenditure)|(85,e53)|(101,486)||<br>(187,43e)|
|Gains oninvestmentassets||898,362||898 362|
|Fundbalancescarriedforward|1,070,162|11,776,709<br>Æ||12,846,871|
|14AnalysisofNetl\ssetsbetween Funds|||||
|CurrentYear|Unrestricted<br>Funds<br>Ê|Endowment<br>Funds<br>Ê||2022<br>TotalI|
|Fixedassets(includinginvestments)<br>Currentassets<br>Creditorsand grantcommitments|1,409,594<br>333,790<br>(4ee,2e3)|15,661,473<br>5<br>000||17,071,067<br>333,790<br>(5 ,499|
|Totalnetassets|1,244,091|10,661.473||11,905,564|
|Prioryear|Unrestricted<br>Funds<br>L|Endowment<br>Funds<br>L||2021<br>TotalI|
|Fixedassets(includinginvestments)<br>Current assets<br>Creditors andgrantcommitments|1]26,129<br>680,832<br>(736,799)|18,503,487<br>(6.726,778\||19,629,616<br>680,832<br>.577\<br> <br>Q,463|
|Totalnetassets|1.O70.16211,776'70912,846,871||||





## 

## 

|June2022lheTrusthad outstandingcommitments<br>ellableoperatingleases, as follows|forfutureminimum lease payments|under non-|
|---|---|---|
||2022|2021|
||â|L|
|¡\mountsPaYable<br>DueinlessthanoneYear<br>Due intwo-fiveYears|954<br>397|954<br>954|
||1,351|_1,e08_|
||2022|2021|
||€|L|
|Rent Receivable<br>Due in lessthanoneYear<br>Due intwo-fiveYears|221,995<br>429,277|221,995<br>651,272|
||651,272|873,267|



## 



## 

# 



## 

## 

## 

## 

|BritishNutrition|L.Davies|î"41,900|
|---|---|---|
|Foundation|||
|TreesforCities|D.McCrea|f,10 000|
|St Phi<br>'sCentre|M.Jacob|f,10|
|Windle Trust|A.Leeds|f31 8s4|
|Women's Education|A.Leeds|f6,000|
|Parlnershi|||
|w<br>Uni<br>ofBristol|B|r.6 074<br>f25 4l|
|llniversi<br>ofExeter|D.McCrea&A.Leeds|.1<br>150|
|Universi<br>ofG|A.Leeds|f,15 000|
|B<br>llniversi<br>Culham StGabriel's|D<br>D.Hoilo|f26407<br>ç)|
|Textiles SkillsCentre|L.Davies|21,<br>50|
|Windle Trust-|A.Leeds|r6,625|
|continuationof2021|||
|award|||
|Total||f245 501|