REGISTERED CHARITY NUMBER: 0313349
dFln
1st
Onyx Accountants Ltd
Chartered Management Accountants
Onyx House
12 Phoenlx Buslness Park
Avenue Clo80
Bimiingham
Wast Midlands
B7 4NU

HW
nde
In I
ts of the Flnanclal Statèm nts
for the Year End
21
Page
Report of th8 Trustees
Independent Examlnefs Report
Ststement of Flnanclal Actlvltle8
Balance Sheet
Not88 to the Flnanclal Ststem8nts
Detalled Stst8mant of Fln8nclal Actlvrtl88
10

erso
Re
ort of the Tr
for thè Year Ended 5 A ril 2
The trustees pr8sent thelr report wlth the flnanclal ststements of the chadty for the year ended
5 April 2021. The trustees have adopted the provlslons of Accountlng and Reporting by Charltles:
Ststement of Recommended Practlce applicable to charities pr8paring their accounts in
accordance wlth th8 Flnancial Reportlng Stsndard appllcable in the UK and Rapublic of Ireland
(FRS 102) (8ffectlve 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Govomlng document
Th6 chartty is controlled by Its goveming document. a deed of trust and constttutes an
unlncorporated charfty.
REFERENCE AND ADMINISTRATIVE DETAILS
R•gl8t•red Charlty number
0313349
Prlnclpal addro8•
28 Hlghlever Road
London
W10 6PS
Trustè08
D S Lowe Trustee
Indopendenl Examln•r
Paresh Bodhanl
CIMA
Onyx Accountants Ltd
Chartered Management Accountants
Onyx House
12 Phoenlx Busln888 Park
Avenue Close
Blmilngham
West Mldlands
B7 4NU
Approved by order of the board of trustee8 on 22 Decembgr 2021 and slgned on It8 behalf by:
D S Lowe - Trustee
Page 1

Examin
r's Re
ort to the Tru
sof
ndér
Independent examiner's report to the trustees of HW Sanderson Art In Industry Fund
I report to the charlty trustees on my examlnation of th8 accounts of HW Sanderson Art in Industy
Fund (th8 Trust) for th8 year ended 5 Aprll 2021.
R8spon8lbllltle8 and ba818 of report
As th8 charlty trustees of the Trust you are responslble for tho preparatton of th8 accounts In
accordanco with the requirements of the ChaTitie8 Act 2011 (Ihe AcV>.
I report In r88pect of my examlnatlon of the Trusvs accounts carri8d out under sectlon 145 of the
Act and In carrylng out my examlnatlon I have followed all appllcable Dlrectlons glven by the
Charlty Commlsslon under 8ectlon 14515)(b) of th8 Act.
Independent examlnerfs statement
I have wrnpleted my examlnatlon. I conflrm that no materlal matters have come to my attentlon In
connectlon wlth the examlnatlon glvlng me cause to belleve that In any materlal re8pect:
accountlng records were not kept In resp8ct of the Trust 88 requlred by 8ectlon 130 of the
Act., or
the accounts do not accord vAth those records; or
the ac¢ounts do not comply with the appll¢able requlrem8nts Concernlng th8 form and
content of accounts Set out In the Charllles (Accounts and Reports) Rogulatlons 2008 other
than any requlrement that the accounts glve a true and falr vlaw whlch Is not a matter
consldered as part of an IrKlep8ndent examlnatlon.
I have concerns and have come across no other mattars In connection wlth the axaminatlon to
whlch attentlon Should be drawn In Ih18 report In ordgr to enable a propgr und8r3tsndlng of th8
accounts to be reached.
Paresh Bodhanl
CIMA
Onyx Accountants Ltd
Chartered Management Accountants
Onyx House
12 Phoenlx Busln888 Park
Avenue Close
Blmiingham
West MldlarKIs
B7 4NU
Date.,
Page 2

an
Fun
ment of F.
ear End
ancial
iviti8S
forth
5.4.21
Unrestrlcted
fund
5.4.20
Totsl
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and19gacles
105,000
Investment Incoma
10.386
17,094
Total
115.386
17.094
EXPENDITURE ON
Charltablo actlvltl•8
HW Arts In$tftutlon$
15.348
23,775
Net galnsl{10$8es) on Investments
149,725
(72,264)
NET INCOMEI{EXPENDITURE)
249,783
(78,945)
RECONCIUATION OF FUNDS
Tolal lund8 brought forward
589,692
668,637
TOTAL FUNDS CARRIED FORWARD
839,455
589,692
The notes form part of these flnancial stat8ments
Page 3

In
B81
nce Sh
5.4.21
Unrestrlcted
fund
5.4.20
Total
fund8
Not8S
CURRENT A8SErs
Debtors
Inv8Stments
Cash at bank and In hand
450
823,902
15.103
450
573,791
15,451
839.455
589,692
NEf CURREKfASSET8
839,455
589,692
TOTAL ASSETS LESS CURRENT
LIABILrriES
839,455
589.692
NET ASSET8
839,455
589,692
FUNDS
Unre8trfcted funds
839,455
$89,692
TOTAL FUNDS
839,455
589,892
The ffinanclal stst8m8nts were approved by the Board of Tru8tee8 and 8Uthorl8ed for Issue on
22 December 2021 and were slgned on its behalf by..
D S Lowe - Trustee
The notes fomi part of these flnancial statements
Page 4

onArtlnln
Inanclal Statemen
Year Ended 5 A ri12021
ACCOUNTING POLICIES
Ba818 of proparlng tho flnanclal statements
The flnanclal statements of the ¢harity, vthlGh Is a public benefit en￿ under FRS 102, have
been prepared in aGcardan¢e with the CharitSes SORP (FRS 102) 'Accounting and Reportlng
by Charltles: Statement of RecA)mm6nded Practlce appllcable to charities preparing thelr
accounts In acwrdance with the FlnanGial Reporting Standard appllcabla In th8 UK and
Republlc of Ireland (FRS 102) (effectlve 1 January 2019),. Flnanclal Reportlng Stsndard 102
Th8 Flnanaal Reportlng Standard appllcable In the UK and R8publlc of Ireland, and the
Charitles Act 2011. The financial stataments have been prepared under the hlstorlcal Cost
convention.
In¢omo
All Income Is recognlsed In the Statement of FlnancSal Actlvltles once the charlty ha8
entltlement to the fLtnds, It Is probabla that th8 Incom8 w511 be recelved and the amount can
be measured reliably.
Expondfturo
Llabilttles are recognl8ed a$ experKllbJr6 88 soon as there Is a legal or con8tructlve obllgatlon
commlttlng the charlty to that expendlture. It18 probable that 8 tran8fer of economlc beneflts
wlll be requlred In 8ettlem6nt and the amount of the obligatlon can be m&asur8d rellably,
Expandlture18 accounted for on an accrual8 b8818 8nd has been classined under headlngs
that aggregats 811 cost related to the category. Where costs cannot be dlrectly attrfbuted to
partlcular headlng8 they have been allocated to actMtle8 on a basls conslstent wlth the u8e
of resources.
Grants off8r8d sublect to condltlons whlch have not b8en met at th8 year 8nd dats are noted
a8 a commltment but not accrued as expendlture.
Taxatlon
The charSty18 exempt from tsx on 5t8 charltsble actlvltles.
Fund accountlng
Unrestricted funds can be us8d In accordance with the charltable oblectlves at the dlacretlon
of the trustees.
Restrlctsd funds can only be used for partlcular re8trlcted purpo888 thrfthln th8 objects of tho
charlty. R8StrlctSons arlse when specmed by th8 donor or when funds are ralsed for
partlcular restrfcted purpo$88.
Further explanatlon of the nature and purpose of each fvnd Is Included In the notes to the
financlal statements.
Page 5
contlnu8d...

otes to
Finan
Statem8nts-
earE
d5A ri12021
ntlnu
INVESTMENT INCOME
5.4.21
5.4.20
Invt Dlvidend Income Rectlved
Inv't Interest Recèlved
8,549
1,837
14,155
2,939
10.386
17,094
TRUSTEES. REMUNERATION AND BENEFITS
There waro no trustees, remuneratlon or other bgnefft8 for the year ended 5 Aprfl 2021 nor
for the year ended 5 Apdl 2020.
Tru8t•o8' oxp•n•
There were no trustees, expenses pald for the year ended 5 Apdl 2021 nor for the year
ended S Aprll 2020.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIE8
Unrestrlcte
fund
INCOME AND ENDOWMENTS FROM
Investment Income
17,094
EXPENDITURE ON
Charltable actlvltle8
HW Arts Instltutlon8
23,775
Net galn81(108ses) on Investments
(72.2841
NEf INCOMEI(EXPENDITURE)
(78,945)
RECONCILIATION OF FUNDS
Total funds brought forward
668,637
TOTAL FUNDS CARRIED
FORWARD
5B9,692
Pag8 6
contlnued...

nArtin
Not
they
eFln
tat8m
021
ntlnued
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.21
5.4.20
Othar debtors
450
450
CURRENT ASSET INVESTMENTS
5.4.21
5:4.20
Llsted investments
Cash Retained on Inv't Nc
823,902
573.184
607
823,902
573.791
MOVEMENT IN FUNDS
Net
movement
In funds
At
5.4.21
At 8.4.20
Unre8trf¢t•d fund8
General fund
589,692
249,763
83.9.455
TOTAL FUND8
589,692
249,763
839.455
Net movement In funds, Induded In the above ar8 as follows:
Incomlng Re$ources Galns and Movement
rosources
expended
108808
In funds
Unrè•trl¢tod funds
General fund
115,386
(15.348)
149,725
249.783
TOTAL FUNDS
115,386
(15.348)
149,725
249.763
Comparatlv•8 ft+r movomont In fund•
Net
movement
In funds
At6.4.19
5.4.20
Unrestrlcted fundg
General fund
668.637
178,945)
585.692
TOTAL FUNDS
668.637
(78,945)
589,692
Page 7
¢ontlnued...

Notes to the Financial S
for th8 Year Endè
ment
ri12
ntinu8
MOVEMENT IN FUNDS - contlnuod
Comparatlve net movement In funds. Induded In the abovè are as follows:
Incoming Resources Gains and Movement
resourcas
èxpended
10&8e8
in funds
Unrestrleted fund8
General fund
17,094
(23,775) (72,284)
(78.945)
TOTAL FUNDS
17.094
{23,775)
(72.264) {78,945)
A current year 12 month8 and prlor y88r 12 month¥ comblned p081tlon18 as follows:
Net
movement
In funds
At
5.4.21
At 6.4.19
Unre8trlcted fund$
General fund
668,637
170,818
839,455
TOTAL FUNDS
668,637
170,818
839,455
A current year 12 months and prlor year 12 months comblnod net movement Ih funds,
Included In the al)ove are as follows,.
Incomlng Resources Galns and Movement
resources
expended
Ioss88
In funds
Unrestrlcted funds
General fund
132,480
(39.123)
77,461
170,818
TOTAL FUNDS
132.480
(39,1231
Tl,461
170,818
Page 8
contlnu8d...

erson
in Indu
tes to
anctal State
ents- continue
for the Y r Ended
ril 2021
RELATED PARTY DISCLOSURES
There were no related paty transactlons for the yaar ended 5 Aprfl 2021.
Page 9