2021-12-31-accounts - The Jean Sainsbury Animal Welfare Trust

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			Page
Report ofthe Trustees			1 to 5
Report ofthe Independent Auditors			6to 7
Statement of Financial	Activities
Balance Sheet
Statement ofcash flows			10
Notes to the Financial	Statements		11 to 19
Detailed Statement of	Financial	Activities	20

					Notes	Total	Total
						Unrestricted	Unrestricted
						Funds	Funds
						2021 6	2020f
Income:
Donations and	legacies					110
Investment income						417,706	413,998
Other income							2,000
Total income						417,816	415,998
Expenditure:
Raising funds						166,874	118,363
Expenditure on	charitable			activities:
Animal welfare						500,029	450,856
Total expenditure						666,903	569,219
Net gains/(losses)		on investments			10	3,709,003	3,283,353
Net income/(expenditure)						3,459,916	3,130,132
Net movement	in	funds				3,459,916	3,130,132
Reconciliation	of	funds
Total funds brought			forward			29,707,665	26,577,533
Total funds carried			forward		13	33,167,581	29,707,665

						Notes	2021	2020
Fixed assets
Tangible assets						9	1,237,992	1,243,857
Investments						10	31,697,892	28,060,288
							32,935,884	29,304,145
Current assets
Debtors							29,771	41,895
Cash at bank							259,193	401,506
							288,964	443,401
Creditors: amounts		falling	due	within one	year	12	(57,267)	(39,881)
Net current	assets						231,697	403,520
Total assets	less current		liabilities				33,167,581	29,707,665
Net assets							33,167,581	29,707,665
The funds ofthe Charity
Unrestricted	funds					13	33,167,581	29,707,665
Totalfunds							33,167,581	29,707,665
The financial	statements		were	approved	by the Board of Trustees		on .......4 0(3 2%1..... .	. . . .. and were
signed on its	behalf	by:

			Note	2021	2020
				8
Net cash used in operating	activities		15	(499,318)	(450,655)
Cash flows from investing	activities
Dividends and interest from	investments			417,706	413,998
Purchase of investments				(9,585,093)	(4,291,420)
Proceeds from sale of investments				9,524,392	4,456,587
Net cash provided by investing activities				357,005	579,165
Change in cash and cash	equivalents	in the year		(142,313)	128,510
Cash and cash equivalents	brought forward			401,506	272,996
Cash and cash equivalents	carried forward			259,193	401,506

Leasehold	property	—I'/o straight line
Furniture	and fixtures	- 15'/o on reducing	balance
Computer	and office equipment	- 20'/o on reducing	balance

4.	INVESTMENT INCOME								2021	2020
									6	6
	Dividends and interest received		on investment				porffolio		417,706	413,998
5.	COSTS OF RAISING FUNDS								2021	2020
									6
	Investment management fees								166,874	118,363
									166,874	118,363
6.	EXPENDITURE ON CHARITABLE ACTIVITIES
			Grantfunded
					activity			Support
				(note		6.1)		costs (note 7)	Total 2021	Total 2020
								6	6	6
	Animal welfare			441,200				58,829	500,029	450,856
	In 2020, the total of F450,856 was made				up	of	6395,000 of Grant funded		activities and	655,856 of Support
	costs.
6.1	GRANTS PAYABLE								Date
	Grants to charities operating	in the		UK:
	Pawprints Dog Rescue								18/01/2021	5,000
	3Rs Horse Rescue Centre								18/01/2021	9,700
	HUGS Foundation								05/02/2021	6,000
	Munchkins Miniature Shetland	Rescue							05/02/2021	2,000
	Linbee Dog Rehoming								16/02/2021	3,000
	anctuary Angels Small Paws Dog Rescue and Animal S								16/02/2021	3,000
	K-9 Rescue Remedy								16/02/2021	1,000
	UK Wild Otter Trust								16/02/2021	2,000
	Shepreth Wildlife Conservation		Charity						16/02/2021	3,000
	BARKS, Banbury Animal Rescue & Kindness								16/02/2021	5,000
	Woodlands Animal Sanctuary								16/02/2021	5,000
	Bristol &Wales Cat Rescue								16/02/2021	5,000
	Freshfields Animal Rescue								16/02/2021	5,000
	Cuan Wildlife Rescue								16/02/2021	5,000
	Brent Lodge Bird and Wildlife Trust								16/02/2021	10,000
	Hope Rescue								23/02/2021	10,000
	Rushton Dog Rescue								23/02/2021	1,000
	London Inner City Kitties								31/03/2021	5,000
	Rabbit Residence Rescue								31/03/2021	7,000
	TAG Pet Rescue								31/03/2021	2,500
	Rain Rescue								31/03/2021	8,000
	RSPCA Northamptonshire Branch								06/04/2021	5,000
	Hopton Rehab & Homing Centre								06/04/2021	10,000
	Secret World Wildlife Rescue								24/06/2021	10,000
	Cats Protection —Downpatrick	Branch							24/06/2021	5,000
	RSPCA Hillingdon, Slough, Windsor,			Kingston		& District		Branch	24/06/2021	10,000
	Teckels Animal Sanctuaries								24/06/2021	5,000

GRANTS PAYABLE (continu	e	d	)
Folly Wildlife Wildlife Trust										24/06/2021	5,000
Here4Horses										24/06/2021	3,000
Wild Hogs Hedgehog Rescue										24/06/2021	3,000
Prevent Unwanted Pets										02/07/2021	3,000
Kent Wildlife Rescue Service										13/07/2021	3,000
Rescue Remedies Dog Rescue										06/09/2021	5,000
Pendle Dogs in Need										06/09/2021	10,000
Idlewild Animal Sanctuary										06/09/2021	5,000
Lower Moss Wood Educational			Reserve				&	Wildlife	Park	06/09/2021	5,000
Refuge4Pets										06/09/2021	5,000
Birch Hill Dog Rescue										15/09/2021	5,000
SARA, Saving and Rehoming		Animals								15/09/2021	5,000
Doris Banham Sanctuary										29/10/2021	10,000
Stray Aid										29/10/2021	10,000
Huge Foundation										29/10/2021	8,000
3Rs Horse Rescue Centre										29/10/2021	5,000
RVC Beaumont Animals Hospital										29/10/2021	10,000
The Cat Welfare Group										29/10/2021	5,000
RSPCA Wimbledon, Wandsworth				&	Su	tton		District		29/10/2021	5,000
Cats in Distress										29/10/2021	5,000
Pet Care Network										29/10/2021	2,000
Sunshine Cat Rescue										29/1 0/2021	5,000
Hedgehog Rescue Blackpool										29/10/2021	1,500
Horse Sense Wirral										11/1 1/2021	5,000
Good Life Dog Rescue										11/11/2021	5,000
Street Paws										26/11/2021	5,000
Bright Eyes Animal Sanctuary Newcastle Dog &Cat Shelter Pnckles Hedgehog Rescue										26/1 1/2021 26/1 1/2021 26/1 1/2021	5,000 5,000 4,000
HART Wildlife Rescue										26/11/2021	5,000
The Pet Charity										26/1 1/2021	5,000
RSPCA Middlesex, North West			and		He		rlfordshire		Branch	26/11/2021	5,000
Grants to UK charities working				overseas:
Forgotten Animals										26/01/2021	5,000
HAT, Himalayan Animal Treatment					Centre			UK		16/02/2021	5,000
NOWZAD										16/02/2021	7,500
WVS, Worldwide Veterinary	Service									16/02/2021	10,000
Friends of Bianca										16/02/2021	2,500
WeCare Worldwide										31/03/2021	10,000
Friends of Inti Ware Yassi										01/04/2021	5,000
Southern Thailand Elephant	Foundation									06/04/2021	10,000
World Protection of Dogs and		Cats in the Meat Trade								18/05/2021	5,000
Animal Spay and Neuter International TOLFA, Tree of Life for Animals										06/09/2021 06/09/2021	4,000 10,000
Gambia Horse and Donkey Trust										06/09/2021	15,000
War Paws										15/09/2021	10,000
Kotor Kitties										26/11/2021	5,000
IAPWA, International Aid for	the		Protection					and Welfare ofAnimals		26/11/2021	5,000
Ape Action Africa										26/11/2021	11,500
Care 4 Cats										01/12/2021	5,000
Total grants											441,200

SUPPORT COSTS			2021	2020
			6
Staff costs (note 8)			26,510	25,926
Other			17,996	15,226
Depreciation oftangible	fixed	assets	5,863	6,274
Audit and accountancy	fees
Audit fee			7,860	7,980
Other accountancy		fees	600	450
			58,829	55,856
STAFF COSTS			2021	2020
			6
Salaries and wages			26,510	25,926
Social security costs
Other pension costs
			26,510	25,926

TANGIBLE FIXEDASSETS	TANGIBLE FIXEDASSETS		Leasehold	Leasehold	Furniture,
			property	and	fixtures and
			improvements		equipment	Totals
					6	6
COST
At 1 January 2021			1,275,419		35,213	1,310,632
Additions
At 31 December 2021			1,275,419		35,213	1,310,632
DEPRECIATION
At 1 January 2021			36,025		30,750	66,775
Charge for year			5,037		828	5,865
At 31 December 2021			41,062		31,578	72,640
NET BOOK VALUE
At 31 December 2021			1,234,357		3,635	1,237,992
At 31 December 2020			1,239,394		4,463	1,243,857
A valuation ofthe property was carried out		in 2021	which confirmed		that the current valuation	was not materia
different from book cost.
FIXEDASSET INVESTMENTS					2021	2020
					6
MARKET VALUE
At 1 January 2021					26,968,814	24,443,577
Additions					9,585,093	4,291,420
Disposals and funds	used from portfolios				(9,206,894)	(5,001,498)
Revaluations					3,709,003	3,235,315
At 31 December 2021					31,056,016	26,968,814
Comprising:
UK equities					4,339,820	5,285,921
Overseas equities					12,568,027	5,235,563
UK bonds &fixed interest securities					3,050,300	2,234,684
Global funds					8,886,653	11,602,561
Property funds					808,017	1,376,325
Other					1,403,199	1,233,760
Quoted investments	at market value				31,056,016	26,968,814
Cash balances held	within the investment	portfolio			641,876	1,091,474
Total fixed asset investments					31,697,892	28,060,288
Balances held by:
Rathbones					7,775,547	12,848,529
Whitley					23,922,345	15,211,759
					31,697,892	28,060,288
Cost of hated porffolio					24,343,578	22,868,387

The Charity's i year-end	nvestme	nt	s	in e	ach o	fthe following repre	sen	ted more than 51	6of the manag	ed portfolio at th
										6
Carne Global Fund Managers(LUX)						SA US Select Growth		I Z USO ACC NAV		2,794,596
Polen Capital Investment				Funds PLC Focus US Growth			D	GBP INSTL DIS UNHGD		2,504,105
Fundsmith LLP Equity		I	Inc Nav							2,537,021
KBA Consulting	Management				Limited Lindsell					1,557,446
DEBTORS									2021	2020
									6	6
Other debtors									29,122	40,131
Prepayments									649	1,764
									29,771	41,895
Other debtors	is made		up of loans given to Liverpool Cat					Welfare and North	Clwyd Animal	Rescue of E9,1
and F20,000 respectively.
CREDITORS:	Amounts			falling due		within one year
									2021	2020
									6	6
Social security	and other			taxes					1,418	1,415
Accrued expenses									55,849	36,466
									57,267	39,881

ANALYSIS OF CHARITABLE FUNDS	ANALYSIS OF CHARITABLE FUNDS	ANALYSIS OF CHARITABLE FUNDS	ANALYSIS OF CHARITABLE FUNDS
			Balance b/fwd	Income	Expenditure	Gains and	Fund C/fwd
						Losses
			6			6	6
Unrestricted		funds
General	funds		29,707,665	417,616	(666,903)	3,709,003	33,167,581
TOTAL	FUNDS		29,707,665	417,816	(666,903)	3,709,003	33,167,581

RECONCILIATION			OF NET C	AS	H (USED IN) OPERATIN	G ACTIVIT	IES
							2021f	2020 6
Net income/(loss)	for the reporting				period incl. investment	gains	3,459,916	3,130,132
Adjustments for:
Interest	and		dividends				(417,706)	(413,998)
(Gains)/	I	oases on investments					(3,709,003)	(3,283,353)
Investment			management		fees paid directly out of
investments							166,874	118,363
Depreciation							5,863	6,274
(Increase)/			in debtors				12,124	(1,219)
increase/		(decrease)		in creditors			(17,386)	(6,854)
							(499,318)	(450,655)