Charlty number: 327148 THE STEVENSON FAMILY'S CHARITABLE TRUST TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021
THE STEVENSON FAMILY'S CHARITABLE TRUST CONTENTS Page Reference and Administrative Details of the Charity, its Trustees and Advisers Trustees, Report Independent Auditor's Report Statement of Finanthal Activities Balance Sheet 10 Statement of Cash Flows Notes to the Financial 5tatement5 12-19
THE STEVENSON FAMILY'S CHARITABLE TRUST REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2021 Trustees Sir Hugh Alexander Stevenson Lady Catherine May Stevenson Joseph William Stevenson Charity reglstered number 327148 Principal office Old Waterfield Winkfield Road Ascot Berkshire SL5 7LJ Bankers Barclays Bank plc 19 High Street Ascot Berkshire SL5 7JG Investment Managers Cazenove Capital Management 1 London Wall Place London EC2Y SAU Audltor Nexia Smith & Williamson Onslow House Onslow Street Guildford GU14TL
THE STEVEN50N FAMILY'S CHARITABLE TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 5 APRIL 2021 The Trustees present their annual report together wtth the financial statements for the year ended 5 April 2021. They have been prepared in accordance with the Trust Deed, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard in the UK and Republic of Ireland IFRS 1021. Objective5 and Activities of the Trust The Trust was founded by Hugh and Catherine Stevenson by way of Trust Deed on 3 April 1986 as a general charitable trust. The object of the Trust is to provide f?nancial support to other charities at the absolute discretion of the Trustees. The Trust deed provides for a minimum of two Trustees. Were there a requirement for new Trustees, these would be identified and appointed by the remaining Trustees. Appropriate ongoing Trustee training is undertaken when considered appropriate. One of the Trustees has significant experience of the financial markets. The current policy of the Trustees 15 in the main to Support charitable cause5 in the fields of culture and the arts, conservation and heritage, and education, but they can exercise their discretion to make donations for other charitable purposes. A full list of donations made in the year to 5 April 2021 is given In note 5. Publlc Beneflt The Trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing their aim5 and objective5 and in planning their f uture activities. Reference and Adminlstratlve Details Reference and administrative details are shown on page 1 of the flnancial statements. The Trustees The Trustees who setved the charlty durtng the year were as follows.. Sir Hugh Alexander Stevenson Lady Catherine May Stevenson Joseph William Stevenson Flnancial Review (including reserves and investment policy) The Trust derives its income f rom investments and from donation5 which are used to fund grants to other registered charitable organi5ations. Total income for the year amounted to £878,873 12020.. £390,623). Total expenditure on charitable activities was £241,091 12020: E490,5541 of which E228,369 12020.. E480,9541 related to charitable donations made in furtherance of the Trust's objectives. Net income for the year, before investment gains and losses, amounted to £624,09712020: net expenditure £116,265>. It is the pollcy of the Trustees at all times to malntain sufficient reserves within the trust to meet all future commitments in full, whilst maintaining a level of invested funds capable of generating a significant return for onward donation. The Trustees monitor the level of reserves on an annual basis. All funds held are unrestricled. Total unrestricted reserves at the end of the year amounted to £2,719,602 12020: £1,642,175). A designated fund of £100,000 has been created this year to reflect f unds set aside to make a grant towards research into the application of artificial intelligence as an aid to risk assessment of potential DVT patients.
THE STEVENSON FAMILY'S CHARITABLE TRUST TRUSTEES REPORT Icontinuedl FOR THE YEAR ENDED 5 APRIL 2021 Investments During the year Cazenove Capital Management acted as independent advisors and investment managers. At the year end the investment portfolio totalled £2,352,80612020.' £1,425,989) after unrealised gains of £327,528 12020: unrealised losses of E152,7051. Achlevements and performance During the year the Trust has been able to support a broad range of organisations in accordance with its recent pollcy. During the previous financial year the Covid-19 pandemic emerged and caused unprecedented peacetime soclal and economic restriction5 in the UK and worldwide. The impact on the day to day running of the Trust has been limited although there was a significant impact on financial markets during 2020, from which the financlal marf(ets have largely recovered. The year end revaluation gain was equivalent to 22.97% of the opening valuatlon of the portfolio 12020.. revaluation loss 8.21%). The Trustees have reviewed the PDSltion for the comlng year and have determined that the Trust Is In a strong financial position and there are no material uncertainties that may cast significant doubt on the Trust's ability to continue as a going concem. Risk Management The Trustees have identified that the only major risk to which the Trust is exposed is that of incurring significant losse5 in the investment portfolio. Perfomiance targets are set by the Trustees in relation to the investment portfolio, and the investment performance is kept under regular revlew by the Trustees. Plans for Future The Trustees intend to continue providing grants in a similar manner to that followed in recent years, with the emphasis on culture and arts but retaining complete flexibility as to the timing and scale of donations made. The Trustees have considered the impact of Covid-19 on the activity of the Trust and have concluded that the Trust will be able to continue to operate as planned for the foreseeable future. It is likely that the impact of the pandemic will increase the needs of some charities and this may result in increased grant expenditure in the future.
THE STEVENSON FAMILY'S CHARITABLE TRUST TRUSTEES REPORT Icontlnuedl FOR THE YEAR ENDED 5 APRIL 2021 Statement of Trustees, responsibilities The Trustee5 are responsTble for preparing the Trustee5' Report and the financial statements in accordance with appllcable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practicel. The law applicable to charitie5 in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charlty and of the incoTning resoufces and applicatlon of resources of the charity for that perlod. In preparing these financial statements, the Trustees are required to: select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP. make judgement5 and accounting estimates that are reasonable and prudent. prepare the financial statement5 on the going concern basis unless it is inappropriate to presume that the charity will continue Tn operation. The Trustees are responsible for keeping proper accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Report51 Regulation5 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irre ularitie5. Ib Sé This report was approved by the Trustees on LOFI and signed on their behalf by: Slr Hugh Stevenson Trustee
THE STEVENSON FAMILY'S CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT FOR THE YEAR ENDED 5 APRIL 2021 INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE STEVENSON FAMILY'S CHARITABLE TRUST Opinlon We have audited the financial statements of The Stevenson Family's Charitable Trust (the 'charity' I for the year ended 5 April 2021 which comprise the Statement of Financial Activities, Balance Sheet, Statement of Cash Flows and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdotn Accounting Standards, including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Iunited Kingdom Generally Accepted Accounting Practice). In our op?nion, the financlal statements: give a true and fair view of the state of the charity's affalrs as at 5 April 2021 and of its Tncome and expenditure for the year then ended; have been properly prepared in accordance with UnTted Kingdom Generally Accepted Accounting Practice. and have been prepared In accordance with the Charities Act 2011. Basis for opinlon We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilitie5 for the audit of the financial Statements Section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relatTng to golng concern In auditing the financial statements, we have concluded that the trustees, use of the going concern basi5 of accounting in the preparation of the financlal statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilitie5 and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
THE STEVENSON FAMILY'S CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT FOR THE YEAR ENDED 5 APRIL 2021 Other Information The other information comprises the information included in the Trustee5' Report and Flnandal Statements, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the Tru5tees' Report and Financlal Statements. Our opinion on the financial statements does not cover the other information and we do not expres5 any form of assurance conclusion thereon. Our responsibility IS to read the other information and. in doing so, consider whether the other information is materially Inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be tnaterially misstated. If we identify such material inconsistencies or apparent materlal mlsstatements, we are required to determine whether there is a material misstatement in the flnancial statements or a material mi5Statement of the other Infomiation. If, based on the work we have performed, we conclude that there is a materlal mlsstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Matter5 on whlch we are requlred to report by exception We have nothing to report In respect of the following matters in relation to which the Charitie5 (Accounts and Reports) Regulatlons 2008 require u5 to report to you if, in our opinion.. sufficient accounting records have not been kept,. or the information given in the financial statements is inconsistent In any tnaterial respect with the Trustees, Annual Report- or the fTrnancial statements are not in agreement with the accounting records. or we have not received all the infom)atTon and explanation5 we require for our audit. Responslbllltles of trustees As explained more fully in the Trustees, Responsibilities Statement set out on page 5, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such intemal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for a55es5ing the charity's ability to continue as a going concem, disclosing, as applicable, matters ielated to going concern and using the going concern basi5 of accounting unless the trustees either intend to liquidate the charlty or to cease operations. or have no realistic alternative but to do so.
THE STEVENSON FAMILY'S CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT FOR THE YEAR ENDED 5 APRIL 2021 Audltor's responsibilities for the audit of the financial Statements We have been appoinled a5 auditor under section 144 of the Chaiities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable a55urance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable asgurance is a high level of assurance but is nol a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exist5. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilitie5, Outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.. We obtained a general understanding of the charity's legal and regulatory framework through enquiry of management concerning: their understanding of relevant laws and regulations., and the entity's policies and procedures regarding compliance. We also drew on our exlstlng understanding of the charity sector and its regulation. We understand that the charity complies with the framework through: Outsourcing accounts preparation and tax compliance to external experts. In the context of the audit, we considered those laws and regulations.. which deterffline the form and content of the financial statements,. which are central to the charity's ability to conduct its business. and where failure to comply could result in material penalties. We identified the following laws and regulatlons as being of significance in the context of the company: The Charities Act 2011 and FRS 102 in respect of the preparation and presentation of the flnancial statements. The senior statutory auditor led a dlgcusslon with all members of the engagement team regarding the susceptibility of the entity's financial statements to material misstatement, including how fraud might occur. The areas identified in this discussion were: Incorrect reporting of income The procedures we carried out to gain evidence in the above areas included.. Obtaining evidence of completeness of Income
THE STEVENSON FAMILY'S CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT FOR THE YEAR ENDED 5 APRIL 2021 Overall, the senior statutory auditor was satisfied that the engagement team collectively had the appropriate competence and capabilTties to identify or recognTse irregularitTe5. In particular, both the senior Statutory auditor and the audit manager have a number of years, experience in dealing wth charities. A further description of our responsibilities for the audit of the financial statement5 is located on the Financial Reporting Council's webslte at.. www.frc.or .uk/auditorsres onsibilitie5. This description forms part of our auditor's report. Use of our report Thls report is made solely to the charity's trustees as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might State to the charity's trustees those matter5 we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed. Nexla Smlth & WillTamson Statutory Auditor Chartered Accountants On51ow House Onslow Street Guildford Surrey GU14TL Date.. 20 September 2021 Nexia Smith & Wllllamson is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.
THE STEVENSON FAMILY'S CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2021 Total funds 2021 Total funds 2020 Note Income from: Donations and legacies Investments 859,997 18,876 362,458 28,165 Total income 878,873 390,623 Expenditure on: Investment manager fees Charitable activities 113,6851 1241.0911 (16,334) (490,554) Total expenditure Net Incomellexpenditurel before Investment galnsl{lossesl 1254.7761 624.097 (506,888) (116,265) Net gainslllossesl on investments 453,330 (164,691) Net movement in fund$ 1,077,427 (280,956) Reconclliation of funds: Total funds brought forward 1.642,175 1,923, 131 Total fund$ carried fomard 2,719,602 1.642, 175 The notes on pages 12 to 19 form part of these financial statements.
THE STEVENSON FAMILY'S CHARITABLE TRUST BALANCE SHEET AS AT 5 APRIL 2021 2021 2020 Note Flxed assets Investments Z,35Z,806 1,425,989 Current assets Accrued Income Gift Aid 955 100,000 259,052 19,269 1,159 Cash held by investment managers Cash at bank and in hand 367,309 11,353 379,276 379,821 Creditor5: amounts falling due within one year 112,4801 1125,635 Net current assets 366,796 254,186 Net assets less current liabilities 2.719,602 1,680,175 Creditors: amount5 falling due in more than one year Net assets (38,000) 2.719.602 1,642,175 Charity Funds General funds 2,619,602 1,542, 175 Designated funds 10 100,000 100,000 Total funds 2,719,602 1,642,175 The financial statements were approved by the Trustees on behalf. by: and slgned on their k:A4v Sir Hugh Stevenson Trustee The note5 on pages 12 to 19 form part of these financial statements.
THE STEVENSON FAMILY'S CHARITABLE TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 5 APRIL 2021 2021 2020 Note Cash f lows from operatlng activitie5: Net cash used in operating activities.. Cash flows from Investlng activities: Dividends and interest from investments Proceeds from sale of investments Purchase of investments lal 15,7271 (577,790) 18,876 1,135,384 11,248,874) 28, 165 996,545 (369,553) Net cash provided by Investlng actlvltles 194.614) 655, 157 Change in cash and cash equivalents for the reporting period Cash and cash equivalents at the beginning of the reporting period 1100.3411 77,367 Ibl 378,662 301,295 Cash and cash equivalents at the end of the reporting perlod 278.321 378,662 (a} Reconclllatlon of net incomel(expendlture) to net cash flows from operatlng activities Net movement in funds Adjustments for: IGainsl11055es on investments Non-cash donations received DTvidends and interest from investments Ilncreaselldecrease in debtors Decrease in creditors 1,077,427 {280, 956) 1453,3301 1359,9971 118,8761 199,7971 1151,1541 164,691 {358,396) (28, 165) 15,901 {90,865) Net cash used in operating activitles {5.727) (577,790) (bl Analysls of cash and cash equivalents Cash held by investment managers Cash at bank and in hand 259,052 19,269 278.321 367,309 11,353 378,662 Total cash and cash equivalents
THE STEVENSON FlLY's CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 5 APRIL 2021 Accountlng Pollcles 1.1 Basis of preparation of flnanclal statements The financial statements have been prepared under the historical cost convention with Items recognised at cost or transaction value unle55 Otherwtse stated in the relevant notes to these accounts. The Trustees confirrn that the annual report and flnancial statements of the charity comply wth current statutory requirements, the requirements of the charitls governing document and the provisions of the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. The Steven50n Family'5 Charitable Trust is constituted as a trust and registered In Enqland and Wales as a charity, number 327148. The Stevenson Family's Charltable Trust constitutes a public beneflt entlty as defined by FRS 102. The functlonal currency is Sterling and the financial statements are rounded to the nearest whole pound. 1.2 Going concern The TrLSStees have considered the impact of the coronavirus panderrbic on the Trust as described in the Tru5tees' Report on page 3, in particular on the Trust's investment portfolio, which TS held partly as cash. The Trustees are Satisfied that the Trust has sufficient funds to be able to continue as a going concern for a period of at least twelve months from the date of approval of these account5. 1.3 Income All income is recogrki5ed once the charlty has entitlement to the Tncome, it Is probable that the income will be recelved, and the amount of ir¢come receivable can be measured reliably. For legacies, entitlement Is taken as the earlier of the date on which either.. the charity is aware that probate ha5 been granted, the estate has been finalised and notification has been made by the executorlsl to the Trust that a distribution will be made, or when a distribution Is received from the estate. Receipt of a legacy, in whole or in part, 15 only considered probable when the amount can be measured reliably and the charity has been notified of the executorfs intention to make a distribution. Where legacies have been notified to the charity, or the charity Is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and dTscIosed if material.
THE STEVENSON FAMILY'S CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENT (continued) FOR THE YEAR ENDED 5 APRIL 2021 Accounting Policie5 {contlnued} 1.4 Expenditure Expenditure is recognised once there 15 a legal or constructive obligation to transfer ecorbomic benefit to a third party> It 15 probable that a transfer of economic benefits wll be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. Support COSts are those costs incurred directly in support of expenditure on the objects of the charity. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements. Expenditure on raising funds are cost5 incurred in managing the charity's investment portfolio. Grants payable are charged in the year when the offer 15 made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure. 1.5 Investments Fixed asset inve5tment5 are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless fair value cannot be measured reliably in which case it is measured at cost less Impairment. Investment galns and losses, whether realised or unrealised, are combined and shown in the heading 'Galnslllossesl on investments, in the Statement of Financial Activitles. 1.6 Flnancial Instruments Financial assets and financial liabilities are recogni5ed in the balance sheet when the charity become5 a party to the contractual provisions of the instrument. Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank, short-term bank deposits with an original maturity of three months or less and bank overdrafts which are an integral part of the group's cash management. Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transactTon price. Debtors and creditors are Subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the group will not be able to collect all amounts due.
THE STEVENSON FAMILY'S CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENT (contlnued) FOR THE YEAR ENDED 5 APRIL 2021 Investment Income 2021 2020 Investment itbcome Interest receivable 18,846 30 27.466 699 Ralslng Funds 2021 2020 Investment manager's fees 13,685 16,334 13,685 10,334 Expenditure on charltable actlvlties 2021 2020 Charitable donations (note 51 Governance (note 61 228,371 12,720 480.954 9,600 241.091 490,554 The Charity had no employees in the year12020: none).
THE STEVENSON FAMILY'S CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENT Icontinued> FOR THE YEAR ENDED 5 APR5L 2021 Charitable donatlons The Trustees commltted the following charitable donations during the year of which £nil 12020: £154,0351 remained outstanding at the year end. 2021 2020 Educatlon and tralning British Institute at Ankara Clifton Hampden, PCC Coram Shakespeare Schools Foundation Ufton Court Educational Trust University of Oxford Reed's School Foundation Appeal Universlty College, Oxford St Hilda's College, Oxford Friends of the National Llbraries Involve Community Services The Story Museum Bournemouth University SportsAble - Grant Rescinded 5,000 1,000 2,500 1,000 45,000 250 250 100,000 150,000 2,500 500 138,0001 Total Education and training 259 250 Health and MedTcine Berkshire County Blind Society Frimley Health Charity Helen and Douglas House Newbury Cancer Care Response St Michaels Hospice, Ba5ingstoke Thames Hospice The Sick Children's Trust Macmillan Cancer Support Thrive 500 7,500 2,500 250 1,000 100 31,000 22,500 20,000 1,000 Total Health and Medicine 65,350 21,000
Page 116 THE STEVENSON FAMILY'S CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENT Icontlnuedl FOR THE YEAR ENDED 5 APRIL 2021 Charitable donatlons contlnued 2021 2020 Culture and Arts The Bowe5 Museum The Public Catalogue Foundation The Royal Academy of Arts The Wallace Collection Art Fund Watts Gallery Trust Glyndebourne The Nat70nal Gallery Trust Garsington Opera Windsor Festival Society Limited Newbury Spring Festival National Portrait Gallery Pimlico Opera Old Vic Theatre Trust The Windsor Benefit Trust The Public Catalogue Foundation Royal National Theatre South East Berkshire Gang Show The British Museu The Queen's Choral Foundation 1,000 5,000 5,000 4,350 5,000 1,000 30,191 9,100 5,500 5,000 5,000 1,000 10,000 18,489 9, 1(JO 5,500 5,000 1,000 1,000 1,000 250 10,000 Total Culture and Arts 77,141 Conservation and Herltage Chelsea Physic Garden The Abbotsford Trust The English Heritage Trust Milton's Cottage Trust Royal Horticultural Society National Trust for Scotland Pain5hill Park Trust The Wentworth Woodhouse Preservation Trust 1,000 2,500 2,500 6,035 4,280 20,000 70,000 10,000 5,280 Total Conservation and Herltage
Page | 17 THE STEVENSON FAMILY'S CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENT (continued) FOR THE YEAR ENDED 5 APRIL 2021 Charitable donations continued 2021 2020 General charitable purposes Autistica Children of Songea Dingley's Promise Parish of All Saints, Wokingham Support Through Court War Memorials Trust Windsor Parish Church, All Saints Me2 Club Berkshire Community Foundation Charlie Waller Memorial Trust Daisy's Dream St Michael and All Ange15, Sunninghill Launchpad Reading Royal British Legion Salvation Army Personal Support Unit Chlld Autism UK Swings & Smiles Camphill Village Trust The Dash Charlty Sue Ryder (Newburyl Alderma5ton and Waring PCC The Children's Society 2,51X) 250 6,0 2, 5(K> 2, 5(X) 1,0(X) 5,0(KJ 1,000 5,100 500 3,000 20,000 2, 500 5,000 1,000 41,0(10 5(X) 3,000 20,000 2,750 I,0(30 I,0( 1,000 2, 500 1,000 500 500 loo 100 100 Total General Charltable Purposes 76,050 Total Charitable Donations 228.371 480,954
THE STEVENSON FAMILY'S CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENT Icontinued) FOR THE YEAR ENDED 5 APRIL 2021 Governance Costs 2021 2020 Auditor's rewnuneration: For current year audit servlces Accounting services 10,428 2,292 7,710 1,890 12,720 9,600 Investments 2021 2020 Valuatlon at 6 April 2020 Add: acquisitions at cost Less.. di5P05als Unrealised gainlllossl Valuation at 5 April 2021 1,425,989 1,608,871 11,009,582) 327, 528 2.35Z.806 7.859,276 727, 949 (1,008,53 IJ (152, 705) 1,425,989 Total investment gains of £453,33012020: total loss of £164,491) as shown on the Statement of Financial Activities comprise unrealised gains of £327,528 12020.. unrealised losses of £152,705) and realised gains of £125,80212020: realised losses of É11,936}. Investments at 5 April 2021 comprise: Holding Market value 2021 Market value 2020 Equities - UK Equities - Europe (exc. UK) Equities - North America Equities - Asia Equities - Emerging market and global Bonds - UK Bonds - Global Hedge Funds Other 273,355 100,859 549,650 182,448 665,557 48,702 229,525 59,129 243,581 240,21Z 68,497 311,570 87,608 228,401 96,241 97,298 60,074 236,088 Market Value as at 5 Aprll 2021 2,352.806 1,425,989
THE STEVENSON FAMILY'S CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENT (continued> FOR THE YEAR ENDED 5 APRIL 2021 Credltors: Amounts falllng due wlthin one year 2021 2020 Accruals Grants payable 12,480 116,035 12,480 125,035 Creditors: Amounts falllng due In more than one year 2021 2020 Grants payable 38,000 38,000 10. Designated funds Designated funds of £100,Tr)012020'. E100,0001 are set aside to fund medical research into the potential use of artifTcial intelligence as an aid to diagnosis of deep vein thrombosis. Related party transactions During the year the Trust awarded £5,10012020: £41,000) to the Berkshire Community Foundation of which Lady Catherine Stevenson and Sir Hugh Stevenson are vice presidents. The Trust awarded E9,100 12020: E9,1001 to the National Gallery Trust of which Lady Catherine Stevenson is a trustee. The Trust awarded £nil 12020: £150,000) to St Hilda's College, Oxford of which Lady Catherine Stevenson is an honorary fellow. The Trust awarded Enil12020'. E100,0001 to University College, Oxford of which Sir Hugh Stevenson is an honorary fellow. In addition, during the year the Trustees donated shares of E359,997 12020: £358, 3961 and cash of £400,00012020.. Enill to the Trust. During the year, no Trustees were paid any remuneration or expenses12020.' nonel.