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2022-04-05-accounts

Page
Trustees' Annual Report 1to4
Auditors' Report 5to 7
Statement of Financial Activities
Balance Sheet
Statement ofCash Flows
Notes 11to 19

The Trustees The Trustees jointly hold title to properties
own		 ed
by the ch		 ed
by the ch		 ari table
 trust,
(c) The Trustees were assisted in administering the Trust by UHY Hacker Young LLP, 14 Park Row,
Nottingham, NG1 6GR.
(d) Bankers National
Westminister		 Bank Pic
Nottingham
Smiths Branch
16South Parade
Nottingham
NG1 2JX
Investment Advisers Rathbone
Brothers Plc
8 Finsbury
Circus
London
EC2M 7AZ
Charles Stanley 5.Co. Limited
55 Bishopsgate
London
EC2N 3AS
Auditors Dafferns
LLP
Registered
Auditors
Chartered
Accountants
One Eastwood, Harry Weston Road
Binley Business Park
Coventry
CV3 2UB
Solicitors Keystone
Law		 Cleggs
48 Chancery
Lane		 Apex Court
London Ruddington Lane
WC2A 1jF Wilford
Notting ham
NG11 7DD
Charitable No. 327176

Unrestricted Unrestricted Expendable Expendable 2022 2021
Income Endowment
Fund Fund Total Total
Note E
INCOME AND ENDOWMENTS FROM:
Investments 1,389,688 1,389,688 1,335,855
Returned
Grants		 50,000
TOTAL INCOME AND ENDOWMENTS 1,389,688 1,389,688 1,385,855
EXPENDITURE ON:
Raising Funds
Investment
Management
Costs		 91,042 91,042 182,084 183,277
Property Expenses 77,727 77,727 67,344
168,769 91,042 259,811 250,621
Charitable
Activities
Charitable
Grants		 1,065,950 1,065,950 1,080,200
Cost ofGrant Making
Grant related support costs 92,517 92,517 87,123
1,158,467 1,158,467 1,167,323
TOTAL EXPENDITURE 1,327,236 91,042 1,418,278 1,417,944
NET INCOME / EXPENDITURE
BEFORE OTHER RECOGNISED
GAINS AND LOSSES 62,452 (91,042) (28,590) (32,089)
OTHER RECOGNISED GAINS AND LOSSES
Unrealised
Gain/(Loss)		 on Revaluation of Property 49,000 49,000 972,242
Realised Gain/(Loss)
on Sale of		 Property 42,500 42,500
Realised Gain/ (Loss) on Investment Assets 409,689 409,689 1,353,542
Unrealised
Gain/ (Loss)		 on investment Assets 817,000 817,000 4,609,989
1,318,189 1,318,189 6,935,773
NET MOVEMENT
IN FUNDS		 62,452 1,227,147 1,289,599 6,903,684
RECONCILIATION
OF		 FUNDS
Total Funds Brought Forward 1,241,456 49,428,483 50,669,939 43,766,255
Total Funds Carried Forward 1,303,908 50,655,630 51,959,538 50,669,939

BALANCE SHEET BALANCE SHEET
AS AT 5APRIL 2022
2022 2021
Note
FIXEDASSETS
Investments 44,464,803 43,375,020
Investment
Properties		 7,039,000 7,087,500
Tangible Fixed Assets 500
Total Fixed Assets 51,503,803 50,463,020
CURRENT ASSETS
Debtors 10 279,900 329,677
Cash at bank and
in hand		 11 1,380,535 1,266,212
Total Current Assets 1,660,435 1,595,889
CREDITORS
Amounts
falling due within one year		 12 (931,450) (1,168,481)
NET CURRENT ASSETS 728,985 427,408
TOTAL ASSETS LESSCURRENT LIABILITIES 52,232,788 50,890,428
CREDITORS
Amounts
falling due after
more than one year 12 (273,250) (220,489)
NET ASSETS 51,959,538 50,669,939
FUNDS
Expendable
Endowment		 14 50,655,630 49,428,483
Unrestricted
Income		 14 1,303,908 1,241,456
TOTAL CHARITY FUNDS 51,959,538 50,669,939

2022 2021
Note
CASH FLOW FROM OPERATING ACTIVITIES
Net Income/(Expenditure)
for year (as per		 SOFA) (28,590) (32,089)
Adjustment
for:
Dividends,
interest and rents from		 investments (1,389,688) (1,335,855)
Depreciation
charge for year		 500 500
(Increase)
/ decrease
in debtors		 49,777 (99,951)
Increase
/ (decrease)
in creditors		 (184,270) (182,514)
Net cash provided
(for) / by operating		 activities (1,552,271) (1,649,909)
CASH FLOW FROM INVESTING ACTIVITIES
Sale ofinvestments 10,931,567 21,470,660
Dividends,
interest and rents from investments		 1,389,688 1,335,855
Additions to property,
plant and equipment		 (956,666)
Purchase ofinvestments (10,693,968) (24,202,070)
NET CASH FLOWS FROM
INVESTING ACTIVITIES 1,627,287 (2,352,221)
CHANGE
IN CASH AND CASH EQUIVALENTS		 75,016 (4,002,130)
Cash and cash equivalents
brought forward		 2,249,432 6,251,562
CASH AND CASH EQUIVALENTS
CARRIED FORWARD 2,324,448 2,249,432
Anal sis ofchan es in net debt: 5April 2021 Gashflows 5April 2022
E F
Cash and cash equivalents 2,249,432 75,016 2,324,448

3. RETURNED GRANTS FO R THE YEAR ENDED 5AP RIL 2022
2022 2021
F
Footprints
Capital Grant		 50,000
4. PROPERTY EXPENDITURE
2022 2021
Light, Heat, Rates and Water 3,856 2,280
Insurance
and Security		 16,798 11,360
Professional
Fees and Advertising		 26,330 35,688
Service charges 21,445 7,374
Refurbishment 9,298 10,642
77,?27
Investment
property expenses		 relate solely to the Unrestricted Income Fund in the current and preceding
year.
5. CHARITABLE GRANTS 2022
E
Purposes
Beneficial to the Community
Ashfield
Voluntary
Action		 3,000
Bridges Community
Trust		 5,000
Bassetlaw Action Centre 3,500
Chase NC 5,000
Epic Partners 3,500
Equation 3,000
Fareshare 10,000
Handmade
Theatre		 2,500
Himmah 5,000
ISAS 12,000
Jerico Road Project 5,000
Mansfield
Community
8 Voluntary		 Service 5,000
MHA Communities 3,000
National Justice Museum 5,000
Netherfield
Forum		 15,000
Nottingham
Arts Theatre		 2,500
Nottingham
Narrowboat		 8,000
Nottinghamshire
Historic Churches		 Trust 2,500
Nottingham
YMCA		 4,000
Open Homes Nottingham 10,000
Open Minds 10,000
POW Nottingham
Ltd		 2,500
Prison Advice and Care Trust 2,500
Reach Learning
Disability		 35,000
Relate Nottinghamshire 3,250
Shareware
Clothing Scheme
S.H.E UK		 2,000
5,000
STAA 5,000
StJohn's Church,
Bilborough		 10,000
Carried forward 187,750

2022
E
Brought forward 187,750
Support Through
Court		 5,000
The Social Action Hub 3,500
Transforming
Notts.		 Together 4,000
We R Here 5,000
205,250
Relief ofSickness or Disability: General
Autism East Midlands 37,500
Bloomin' Dementia 4,000
Dove Cottage Day Hospice 5,000
Maggies 5,000
MND Association 20,000
My Sight Notts 15,000
Rainbows
Children's		 Hospice 243,000
Rosie May Foundation 5,000
334,500
Welfare ofthe Aged
Age UK Nottingham 8 Notts 22,500
Cornwater
Evergreens		 5,000
Ecoworks (Nottingham) Ltd 4,000
Long Eaton 8 District Friendly Invalid 8 Handicapped Group 4,000
Radford Care Group 20,000
Wainman
Trust		 5,000
60,500
Welfare ofthe Young
Each Amazing
Breath		 45,000
Focus on Young People in Bassetlaw 2,000
Freedom Foundation 3,000
Greenway
Centre		 5,000
Happy Days 2,000
Home Start Nottingham 6,500
Little Hearts Matter 5,000
PASIC 10,000
Read for Good 4,500
Safer Living Foundation 15,000
The Wolfpack Project 5,000
Think Children 5,000
Transform
Training		 4,500
When You Wish Upon A Star 10,000
122,500

2022
Accommodation
Emmanuel House Support Centre 25,000
Evolve 3,000
Hope into Action UK 4,700
Host Nottingham 3,000
Nottingham 8 Notts. Refugee Forum 5,000
40,700
Education
Footprints 135,000
ICAN 10,000
Nottingham High School 45,000
R.E.A.L Foundation 105,000
Upreach 7,500
302,500
1,065,950
6. SUPPORT COSTS INCLUDING GOVERNANCE COSTS 2022 2021
F
Legal Fees 23,198 16,011
Administration, Accountancy and Taxation Fees 63,382 57,640
Audit Fee 4,400 3,395
Sundries 50 25
Investment advice 8,250
Printing,
postage, stationery		 and office consumables 987 1,302
Depreciation 500 500
92,517 87,123
7. INVESTMENTS 2022
Market Value at 6April 2021 42,391,800
Additions 10,693,968
Disposals (10,835,176)
Equalisation Income 43,609
Realised and Unrealised Profit 1,226,689
Market Value at 5April 2022 43,520,890
Cash held for Investment Purposes 943,913
Total 44,464,803

INVESTMENTS CONT.. .
Analysis ofInvestments 2022 2021
Quoted Investments F F
Bonds 9,168,487 9,359,274
Equities 27,040,064 27,444,498
Alternative
Investments		 6,841,645 5,197,535
Property 470,694 390,493
Money Market
43,520,890 42,391,800
Cash held for Investment Purposes 943,913 983,220
44,464,803 43,375,020
The historical cost ofinvestments at 5 April 2022 was f39,855,628
INVESTMENT PROPERTIES
2022
At Cost or Valuation
As at 6April 2021 7,087,500
Revaluation 49,000
Disposals (97,500)
As at 5 April 2022 7,039,000

TANGIBLE FIXEDASSETS
~Cem uter
Cost
At 06 April 2021 1,502
At 05 April 2022 1,502
Depreciation
At 06 April 2021 1,002
Charge for year 500
At 05 April 2022 1,502
Net BookValue
At 05 April 2022
At 06 April 2021 500

10. DEBTORS 2022 2021
f
Rents Receivable 257,084 302,414
Other Debtors 22,816 27,263
279,900 329,677
11. CASH BALANCES
2022 2021
E
Cash at Sank 1,292,843 1,209,444
Cash Held by Investment Advisors 87,692 56,768
1,380,535 1,266,212
Analysis
OfCash And Cash Equivalents
Cash held for investment purposes 943,913 983,220
Cash at bank and in hand 1,380,535 1,266,212
2,324,448 2,249,432
12. CREDITORS 2022 2021
Amounts
falling due within		 one year F F
Trade creditors 35,010
VAT 18,445 17,360
Grants Committed 683,490 951,118
Deferred Income 82,426 81,761
Accruals 57,210 65,816
Deposit Repayable 50,731 50,731
Service Charge 4,138 1,695
931,450 1,168,481
Amounts
falling due after		 more than one year
Grants Committed 273,250 220,489
Deferred income relates to property
income rec		 eived
in advance.
Under
1 year
F		 Over 1 year Totalf
At 6 April 2021 81,761 81,761
Additions in year 82,426 82,426
Amounts released to income (81,761) (81,761)
At 5 April 2022 82,426 82,426

2022f 2021
Within one year 432,108 446,525
Between one and five years 1,087,999 1,347,157
In over five years 716,844 890,752
2,236,951 2,684,434
14. ANALYSIS OF NETASSETS BETWEEN FUNDS Unrestricted Expendable Total
Income Endowment Funds
Investment Assets 825,785 50,678,018 51,503,803
Current Assets 1,660,435 1,660,435
Creditors (1,182,312) (22,388) (1,204,700)
Net Assets at 5April 2022 1,303,908 50,655,630 51,959,538
15. GRANT COMMITMENT RECONCILIATION
2022 2021
E F
Commitment at the start ofthe year
Payable
in less than one year (Note 12)		 951,118 780,450
Payable
in more than one year (Note 12)		 220,489 598,609
1,171,607 1,379,059
Grants committed
during		 the year (Note 5) 1,065,950 1,080,200
Grants paid during the year (1,280,817) (1,287,652)
956,740 1,171,607
Commitment at the end ofthe year
Payable
in less than one year (Note 12)		 683,490 951,118
Payable
in more than one year (Note 12)		 273,250 220,489
956,740 1,171,607