THE MANIFOLD TRUST ANNUAL REP RT FOR THE YEAR ENDED 5 APRIL 2021 Structure, Governance, Mana8emert and Admtnistratton l. The Manifold Trust {"the CharitW'I is constituted by a Deed of Trust dated 21 December 1982 and is a registered charity numbered 326332. It5 address for correspondence is 6a George Street. Hockley. Nottingham. NGI 3BE. 2. The Charity trustees during the year to 5 April 2021 were Mrs Annette Noskwith and Adrian Charles Henry Noskwith. After a period of illness, Mrs Annette Noskwith stood down astrusteeand her ￿11￿MentdateWa5 IOFebruary2023. Laurachristina Godsal was appointed as a new trustee on 10 February 2023. The power of appointing new trustees of the Charity is vested in Mr Adrian Charles Henry N05kwith during his lifetime. 3. The solicitors for the Charity are Womble Bond Dickin50n, 4 More London, Riverside, London. SEI 2AU. The Independent Examiner of the Charity is Nicholas Poole of Poole Associates Limited, Chartered Certified Accountants. of 6a George Street. Hocklev. Nottingham. 4. The trustees have wide investment powers being the same full and unrestricted powers of investing as if they were a single beneficial owner. This is set out in Clause 61bl of the Deed of Trust. 5. The trustees keep the identifscation, evaluation, and management of risk with the charity under constant review. This is to ensure that the charity is in full compliance with the law and relevant regulations of best practice generally. Close Wealth Management Group were the charitys financial advisors. 6. The preparation and general administration of the Chariws Finandal Statements are dealt with by Nicholas Poole. Objects and Activities 7. The objetts of the Charity are to advance education and religion, to relieve persons in necessitous circumstances and further any other charitable purposes the trustees may think fit. 8. In plannlng the activFties and grants for the year, the trustees have kept In mind the Charity Commission's guidance on public benefrt. 9. The Charity carried out these objects by making grants for the pub5ic benefit to appropriate charities in accordan￿ with the Charitrfs objects. 10. The trustees, policy on grant-making is to Consider all charities to whom grants have been made in previous year5 and to consider appeals from new charities. Each application is considered independently on its merits. taking into account and the amoLtnt of grant required. Any benefit to the charity or its officers must be incidental. Achievements and performance 11. All grants made during the year were in accordance with the objert5 of the tharity. The majorty of grants were madeto charities registered with the Charity Commission. 12. This year the Charity has made grants totalllng £85.70412020- £116.5171. The largest individual grants were to Nottingham High School of £40,OLYJ. £17.349 to Nottingham Liberal Synagogue. £10,854 to Nottingham Hebrew Congregation. £8,CKJO to Leukaemia Uk and there were five other sma15er grants. The purpose of the grants given is for the advancement of education and relief of poverty. Among the thaflties which benefited are the following'.- Nottingham High School Ito provide bursaries): Nottingham Liberal Synagogue Nottingham Hebrew Congregation Framework Knitters Almshouses Blind veterans Uk The Salvation Army Listening Books A number of donations have been made to Jewish charities. 13. The tru5tees' policy on reserves is to accrue funds for major grants in line with the charitys policy of supporting education and persons in need. Financial Review 14. During the year to 5 April 2021, the Charity has pursued a policy of maximising income form its investments whilst at the same time ensuring capital growth of those investments. Investment income received totalled £80,06812020- £105,7901- 15. Other than as previously mention, the Charity has no-on going item5 of expenditure, projects not completed or obli8ations not yet met. 16. At 5 April 2021 the market value of investments held bythetrust was £2,427,23712020 £2,296,141). and the net current assets of the trust were £74.61612021> E42,3531. Total fund5 of the trust were £2,$01.8531202¢> £2,338,494). 17. It is accordingly the trustees, viewthatthe Charivs assets are available and adequate to fulfil the present obligations of the Charity. A C H Noskwith Trustee Date 14 February 2023 THE MANIFOLD TRUST STATEMENT OF FINANCIAL AcrivrriES 4D BALANCE SHEET FOR THE YEAR ENDED S APRIL 2021 THE MANIFOLD TRUST CONTENTS FOR THE YEAR EMDED 5 PPRIL 2021 Page Tnjst informabon Tru5te8s Approval Independent Exam1r￿￿ Re￿t ststèment of Financial Activibes Balan￿ Sheel 6t09 Notes to Ihe AtaxHJnts THE MANIFOLD TRUST TRUST INFORhlATION FOR THE YEAR ENDED S APRIL 2021 Sollcllors Womble Bond Dickinson 4 More London Rivershle London SE1 2AU Exwnlnlnq A¢eount•nt Nicmas Po(A8 FCCA Poole Associ8l&s Limited Charter&J Cerbfigd Accountants 6a Gwyge Strèèt Hockley Notlingham NG1 38E Charfty Commission Numhr 326332 Pag& 1 THE Ii•J41FOLD TRUST STATEIAENT OF FIN￿4ClAL ACn¥mES BILP14CÉ SHEET FOR The YE￿ ENDED S APRJL 2021 TrUSTEesAPPROV The Ststem8nt d Financial A¢*¥ths s¢lout cn pagB 4 lor Ihe finanfia ya8rendwJ on Ihe above dale, and Ihe 8alance Sheet atlhatn date 881 out On Poge 5. t(•erwilh the [￿5 on poe$ 6 to 9 attached are 85 approved by the Trusttt5. ACHWwllh(T 14 Fo￿ary 2023 Page 2 THÈ ItANIFOLDTrUST INDEPENDENT EXAMINER8 REPORTON THEACCOUHTS FOR THE YE￿ ENDED 5 APRIL 2021 ICh•rltynO 3263321 I r8Wrt to the bu61AOS in my gy•nMatth aoxmts ofts abrNettorfty r The Tfusllfor the y ended 5 ￿￿12￿21. %turt£*p•J8$ 4 kn9. RespDnSibMi￿5 and ba¥18 01 r•wt vith Ihe requirement ofh Charthe8Aci 2011 (Ihe Acri. I repm fft resp￿ of my examThtx)n af th￿Tr￿*Sact￿jItsC￿[lvJ urKY¥ 145 ofihe 2011 ktand in earryqrg Out myey2rrinabM. I hav• fckn*d th8 apr*at48 LifeclKr6gr4on bytho Charly Crynmtssion ￿der seLthn I￿{51b} ofthe Ari Ind•wndpnt •x*mSn•rfS¥￿knm I ￿)p￿ted rny examinalx>n. l Ih* rto tY*tW8 havè to myattention lo1￿[than thai th"8dos8d incDnMlb￿ the exant*tion give me b) be4we Ihal in anytrAterial respèct". acrI￿nting re¢tyds *ere ry)t kep* n arXordjn￿ *ith se￿￿￿ 130of the Actor Iheaccwnts nOir￿m￿￿¥￿Im app*aLle tsform 8nd Lynlpnl ofxp)un¢s set in the Chariith IAcLyJJnts and RepDrtsl R8gulatrJn$ 20D8 r than any requirerr*)t ihai ts ac￿nts sot rxrt IAcrA)unts and Reports) Regulatior6 2(￿ other than any rtyu1m￿n1 thai Ihe xwunts a Iwe aTrJ fa￿ r￿)13 matter ¢c￿er8d as partof an Ir￿8￿dent examEntat￿n. SSgned 14 Fet￿Uary 23 NKMas FCCAIClwkngd Certif￿j A￿j￿thI Pc<48 Ass￿￿41&S Lurrteil Chartered cert￿￿d Acc¢￿Itt 6a George Street NDtbllgham NGI 38E THE MANIFOLD TRUST STATEMEt4T OF RNAN¢EAL ACTPI FOR THE YEAR ENDED S *PRIL 2021 Ge[￿￿ Capitsl Total 2020 FuThJ Incomlrwj Re8Our￿* Dorfjtbxs 58.335 21.7&3 105,790 21.T33 80.￿8 105.7 Exp•ndllur0 on.. Costs ofaG*vibes in fvrtherar￿g dlha thariV5 obj'ects Idwabms) 45.704 85.704 116,517 lawment arrtl athinisirab)n cosis 12.745 12.745 t3.404 5B.449 129.921 Net Income11oforn Inv8Stmwrt pin%lllosx•l 11141 118,2671 118.3801 124,1311 Nat g&￿1[k6S8sI on irN85tme 181.740 181.740 1&35.9771 Ngt In¢om* 163.473 163.360 1360.1081 N8t movemwts in fvnds FuTrJ baances browjlrt frThard at 06 Aprd 2020 8.ffi9 2,329,82S 2.3x494 2.658.6￿2 FuTrJ bdancts Ca￿￿lIcIWard at 05 Aprl 2021 8.555 2,493.298 2.￿1.￿￿ 2.338,494 indydpl atr￿Ve. ThE VIANIFOLOTRV8T ASAT S *wll 2021 2020 Capltsl E￿ndi￿r0 Funds Fuftd Tatsl Funts Fixed Assets (At rnarkelv￿ue} 4&9 2,427.237 2.427237 2.296.141 $51 Other debljr Cash at bank 39 76.281 597 10.2fKJ 10.536 66.ts1 86.061 44.262 44.813 ¢rodit•fs: *Jnourtt•tsUing duo w]thln on•y•¥ A¢uuls * Other￿ab￿ll1eS 1.981 2.460 Net CuN¢nt 66,061 74,616 42.353 Total N•tAsMI• 8A55 2.493.298 1501,653 2.338,494 Furkd$ gf th• G&noral IrKome Fur 8.555 Cawiai E4)endrtur8 En￿￿erti Fund incbJdes a revalution resetyo al £3e8.807 12020 - £1￿.711) 2.493.298 2.493.298 2,329.825 Total 8.555 2.493.29B 2.501.853 2.￿8.494 The Mt8sors F•¥ 6109 frym pwtoFthe8e at£tsJnls The acrnunts on pas854to 9 byth? Tr￿$18￿$ rn 14 FetY￿•ry 2023 s thew behaf by AC H Ikiykmith Pag2 S THE IIAldFOLD TRUST NOTES TO THE ACCOUP FOR THE YE*A ENDED 5 APRIL 2021 ACCI￿ntI￿j Pollci Pr•paratlon of kcounts The acLuJnts have been prE￿re￿ wNler Ihe L>)5¢ ¢4M¥ent￿ knilh iterns r￿￿niSed at cost OT transath.on vlu8 unla&g Oltiernwse sts¢ed in the accounts. and on the acLYuals basts in accordafice wth Acxc¥Jnb"w and RepNbng by Ch￿￿e8 wepanng tsr in arnydance the FiJ>anco1 Rewt"ng Standard apFlkxL4e in th8 UK RePUb￿0f IrqlaTrJ IFRS 1021. Fund6 Struettlro Restri￿e￿ afelunts Trwhth *e kn te in ￿ar￿* *ith swJft¢ reslN*ons impc6ed by thè donor or tnJst Oeed. Ur¥restrirt8d iwne funds are It￿e fvr¥Js trustees 8re free Io use for any ¥KJrpose in th8 furtherance of tho chartys obJ"thes. Income Donalion$ 14¥hether Intended by Ihe be taken a$ additiond incorne ¢x a5 an additK)n to the Capit Fund ofth¢ Charity) are recy)gni￿ then Ihe tharty be(x*￿e8 enthd to the r8styJrce5. My tax ￿PaYTn8nt resutting from the ￿Ce￿ of the dona￿$ aLso al￿￿￿ted for in th8 P8r¥JJ in the (*JnatNX is recogni88d. Invgslrnenl irtcNme ts recogni58d the ecoyJnts wthen th• charity entthd to the iKome. This ma Inrjudes any income tax may be recoverab￿. Grants Payab Dtstrfj)utions onty rnade to otherchaiibes and ￿ r9￿3[￿5&1 in the a oirnrnitmerrtftsr pawnent made. Expendrtu Expendituw ￿ allocated to the GeneBI I￿{)me Fur#J it i8 ￿tention of the Trustees that the r2plt81 of trust is to remaia illiacL 11 is the Trustees. not to make any dwms tr any expenses which they incur fii rekiDn to the operation or management of the Ch￿lty. tiabllitie5 are recCgnI￿ as expen(Srture as swn as there is 3 legal or C￿Struc￿¥e obliga￿￿ ￿rnmit￿r*j lh¢ charity lo that eyw(titwe. ￿ 15 wobaljo that setdement will be required and the oblvJathM can be ￿liab"ty m*gJr8d. 18¥wthtW8 a¢¢owited lor on th8 accruaL% basi%. Investmenl assets 8re slated at market V￿ 8t tl* b918￿ shed date 8nd aThy unre8fts•J gaiis OT losses arisinu in the year are sholw separatdywthin th8 ￿￿jrnts f¢x th& year. Yhe In￿lmen15 h8V8 vaw at mwket bythe relewt wofessK)nal irtr¥8Stnwnt managers in rospe¢tol inveBtm8rts maMg8d by I￿rn. Olher InNÈsim￿ ha%* bew vdued b88ed on published fomialv)n. Pago 6 THE MANIFOLD TRUST IIOTES TO THE ACCOUKrs 2021 2020 Grft Aid dOfiati￿ts treated as an additrjn i0th8 Caklta ExFeTrJiknra EnthmeAt Fund in 0￿rda￿e ￿th the TNSI D8*J Grants Made to Ben¥fidarl8% DuriThJ tha year ￿1 grwts mad8 WWV to th8ntab18 A sepat818 Ikryt ofy*rt Pa)*￿￿ madg theiw is thi1&48 tw r9￿s1 Ir(*Tr th8 Trvstge& Flxod A88•t Inv•sfmThts 2020 mar￿ value at 6 A￿"12020 2296,141 2.643.523 Net Addftnns 150.3741 111.4051 Nei gain￿lI1)SseS) on investm￿ts 181,470 1335,9771 Msfkot Yalu• ¥ at 5 Awll 2021 2,427.237 2,296,141 Historit Cost as at S April 2021 2.058.430 2,145.430 The investments by the trust are all snvestrnents listed on recc*Jnis8d stcrtk exCh￿ge5 ￿th the exception of th8 Property Invesbnent Trust fcr Charitss ￿Kh is hsted I see note 91. THE MANIFOLD TRUST KITES TO THE ACCOUNTS Stat•ment of Fund Investh)ant S Apnl 2021 Gereral Irwme Fund lot unrestricted fund &669 $8,335 15&4491 aThJ total re5trkXed fvJTrJ 1329.825 21.n3 {40,Oc￿l 181.740 2.493,298 Total Furtdi 2,338,494 {98,4491 181.740 2.501.853 The general ￿COMe frJrvJ reprewts Ihe free furbts c4 th8 are not dss¥JnatwJ for pwtwler wrposes. At the present time the Caw ExpgNliture Endow[￿ Ftjnd xo)rdatwA trv¥te8s pe4￿, Itended to:_ al create a ba$8 wwde a ￿ terni wKome th8 TegLAar ¢Jon8tions ceasè. bl to funds lor maiL¥ projects suth as the chair vthiBh has been a BriDsh Univ8Aty. F•8$ fr•f oxaminallon olthe •ecounts Indeperyjent ex8min&s fe88 Emplo￿05 t*JriTrJ 2021 the trust not have any Bmt*)yees12tr20. rKJne}. Transactioro wlth trust••8 and rel•t•il p•rtl88 None oftho trustees h8ve bw r8mun8r31irffl, expofLX or reL*W *¥y other tweffts frvm an emplownentwith their c*arity or a relatèl entty. Tr (￿[Y rdated party IranSaCt￿ ￿ the was thè cltr)ation of £3,055 referred to in no18 2 in 2020, *thich Wds r￿￿ed from a farnfytru5t ityitrolled by the trustees. In the Page 8 F107ES TO THE Accciiiif3 arnwtof Nthmt4rof In¥estsnents INe5tments 2021 2020 8ard4s UK AJpha A Ints)mo 21571 75.520 1.820 & G Ch8ribond Chapties Fixed hbMstComm(4) IrEVOgtrent Fund.cnathr￿l. Vnrfs 157,084 193.974 193.754 17S.726 4.712 Roy4 B*k ofs(*l¥nd Sharesof loo t9.016 8T tknJp PLC str••s 015p 3.7 4.173 10.637 578 BAE SysMms PL¢ 0th7W Share5 13.137 12.8 2.618 581 Natu￿￿@ Buldiro Srx FIo81ity R81è P¥man￿1 Interest Beariw Sh3r95 25.(KM) 375 2*252 70f Property InY6$mntTr￿l r¢r ￿ari￿O$ 511.739 S37.123 21.733 .428 Ckn5è Assei ManagemerA 1.601.740 1.472.23S 1.300.241 51.92e 67.072 2.427.237 2296.141 2.058.430 79.709 105.039 297 551 ITrtyr￿ R•x 62 105.7 vthi¢h 1$ n¢t IK%ted.