||||Page||
|---|---|---|---|---|
|Reference and Admiaistrative|Details||||
|Trustees' Report||2|to|8|
|Statement ofTrustees' Respoasibilities|||||
|Report ofthe Independent<br>Auditors||10|to|13|
|Statement ofFinancial Activities|||14||
|Statement ofFinancial Position|||||
|Statemeat ofCash Flows|||16||
|Notes to the Statement ofCash|Flows||17||
|Notes to the Financial Statements||18|to|26|
|Detailed Statetnent ofFinancial|Activities|27|to|28|





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|||||||31/12/21|31/12/20|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||fuads|fund|funds|funds|
||||Notes|8||8||
|INCOME AND ENDOWMENTS||FROM||||||
|Donations<br>and legacies|||2|3,375,220||3,375,220|767,131|
|Investment<br>income|||3|149,016||149,016|111,782|
|Other income||||506,826||506,826|517,181|
|Total||||4,031,062||4,031,062|1,396,094|
|EXPENDITURE ON||||||||
|Raising funds|||4|21,974||21,974|18,748|
|Charitable<br>activities||||||||
|Direct Charitable<br>Expenditure||||||||
|||||2,157,209||2,157,209|1,106,830|
|Other||||596,824|18,780|615,604|509,575|
|Total||||2,776,007|18,780|2,794,787|1,635,153|
|Net gains on investments||||230,072||230,072|193,128|
|NET INCOME/(EXPENDITURE)||||1,485,127|(18,780)|1,466,347|(45,931)|
|RECONCILIATION|OFFUNDS|||||||
|Total funds brought forward||||8,079,221|490,620|8,569,841|8,615,772|
|TOTAL FUNDS CARRIED FORWARD||||9,564,348|471,840|10,036,188|8,569,841|





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|||||31/12/21|31/12/20|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||funds|fund|funds|funds|
||Notes|||g||
|FIXEDASSETS||||||
|Tangible assets|9|22,110|471,840|493,950|518,883|
|Investments|10|4,224,909||4,224,909|3,419,044|
|||4,247,019|471,840|4,718,859|3,937,927|
|CURRENT ASSETS||||||
|Debtors|11|344,120||344,120|11,491|
|Cash at bank||5,104,031||5,104,031|4,691,906|
|||5,448,151||5,448,151|4,703,397|
|CREDITORS||||||
|Amounts<br>falling due within one year|12|(130,822)||(130,822)|(71,483)|
|NET CURRENT ASSETS||5,317,329||5,317,329|4,631,914|
|TOTAL ASSETSLESSCURRENT||||||
|LIABILITIES||9,564,348|471,840|10,036,188|8,569,841|
|NET ASSETS||9,564,348|471,840|10,036,188|8,569,841|
|FUNDS|13|||||
|Unrestricted<br>funds||||9,564,348|8,079,221|
|Restricted funds||||471,840|490,620|
|TOTAL FUNDS||||10,036,188|8,569,841|





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|for the Year Ended 31De|cember 202|1|||
|---|---|---|---|---|
||||31/12/21|31/12/20|
|||Notes||8|
|Cash flows from operating|activities||||
|Cash generated<br>from operations||I|703,704|(219,881)|
|Net cash provided by/(used|in) operating activities||703,704|(219,881)|
|Cash flows from investing|activities||||
|Purchase oftangible fixed assets|||(8,614)|(3,971)|
|Purchase offixed asset investments|||(575,793)|(853,669)|
|Saleoffixed asset investments|||230,072|873,932|
|Interest received|||13,304|32,622|
|Dividends<br>received|||49,452|48,125|
|Net cash (used in)/provided|by investing|activities|(291,579)|97,039|
|Change in cash aad cash equivalents||in|||
|the reporting<br>period|||412,125|(122,842)|
|Cash and cash equivalents|at the||||
|beginning<br>ofthe reporting|period||4,691,906|4,814,748|
|Cash aad cash equivalents|at the end|of|||
|the reporting<br>period|||5,104,031|4,691,906|





|for t|be Year Ended 31December|be Year Ended 31December|2021|2021|2021||||
|---|---|---|---|---|---|---|---|---|
|1.|RECONCILIATION<br>OF||NET INCOME/(EXPENDITURE)|||TO NET CASH|FLOW FROM||
||OPERATING ACTIVITIES||||||||
||||||||31/12/21|31/12/20|
||||||||f||
||Net income/(expenditure)||for the reportiug||period (asper the||||
||Statement ofFiaancial Activities)||||||1,466,347|(45,931)|
||Adjustments<br>for:||||||||
||Depreciation<br>charges||||||33,547|43,002|
||Gain on investments||||||(460,144)|(284,693)|
||Interest received||||||(13,304)|(32,622)|
||Dividends<br>received||||||(49,452)|(48,125)|
||(Increase)/decrease|in debtors|||||(332,629)|154,843|
||Increase/(decrease)|in creditors|||||59,339|(6,355)|
||Net cash provided|by/(used||in) operations|||703,704|(219,881)|
|2.|ANALYSIS OF CHANGES|||IN NET FUNDS|||||
|||||||At I/I/21|Cash flow|At 31/12/21|
|||||||g|g|g|
||Net cash||||||||
||Cash at bank|||||4,691,906|412,125|5,104,031|
|||||||4,691,906|412,125|5,104,031|
||Total|||||4,691,906|412,125|5,104,031|



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||||||||31/12/21|31/12/20|
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|Total|
||||||funds|funds|funds|funds|
||||||f|f|f|f|
||Donations||||3,375,220||3,375,220|767,131|
|3.|INVESTMENT||INCOME||||||
||||||||31/12/21|31/12/20|
||||||Unrestricted|Restricted|Total|Total|
||||||funds|funds|funds|funds|
||||||f||f|f|
||Gain on disposal||ofinvestment||86,260||86,260|31,035|
||Listed income||||49,452||49,452|48,125|
||Interest received||||13,304||13,304|32,622|
||||||149,016||149,016|1l 1,782|
|4,|RAISING|FUNDS|||||||
||Investment|management||costs|||||
||||||||31/12/21|31/12/20|
||||||Uarestricted|Restricted|Total|Total|
||||||funds|funds|funds|funds|
||||||f||f|f|
||Fund manager costs||||21,974||21,974|18,748|
|5.|CHARITABLE||ACTIVITIES COSTS||||||
|||||||||Direct|
|||||||||Costsf|
||Direct Charitable||Expenditure||||||
|||||||||2,157,209|
|6.|SUPPORT|COSTS|||||||
|||||||||Governance|
|||||||||costs|
|||||||||f|
||Other resources||expended|||||615,604|





## 

|Support c|osts, included<br>|in the above, are as follows:|||
|---|---|---|---|---|
||||31/12/21|31/12/20|
||||Other||
||||resources|Total|
||||expended|activities|
||||8|f|
|Wages|||167,080|147,110|
|Social security|||134,680|102,211|
|Pensions|||62,210|48,358|
|Auditors'|remuneration||11,368|10,723|
|Rates and|water||10,598|10,659|
|insurance|||17,634|16,432|
|Light and|heat||16,242|14,383|
|Telephone|and fax||17,409|6,264|
|PPS|||11,251|933|
|Sundries|||2,880|4,117|
|Repairs and maintenance|||12,085|13,565|
|StatT training|||8,660|169|
|Staffmedical costs|||10,140|9,716|
|Motor and travel expenses|||5,837|8,174|
|Trustees expenses||||34|
|Computer|costs||12,715|12,955|
|Subscriptions|||30,260|35,115|
|Bank charges|||1,365|952|
|Marketing|costs||47,063|22,320|
|Equipment|hire||2,580|2,383|
|Depreciation oftangible||fixed assets|33,547|43,002|
||||615,604|509,575|



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## 

|TANGIBLE FIXEDASSE|TS|||||
|---|---|---|---|---|---|
||||Fixtures|||
||Freehold|Plant aad|arid|Computer||
||property|machiaery|fitdngs|System|Totals|
|||g|f.||g|
|COST||||||
|At 1 January 2021|941,000|161,910|64,784|57,036|1,224,730|
|Additions||7,030|1,584||8,614|
|At 31December 2021|941,000|168,940|66,368|57,036|1,233,344|
|DEPRECIATION||||||
|At 1 January 2021|450,380|144,204|55,788|55,475|705,847|
|Charge for year|18,780|9,199|4,007|1,561|33,547|
|At 31December 2021|469,160|153,403|59,795|57,036|739,394|
|NET BOOKVALUE||||||
|At 31 December 2021|471,840|15,537|6,573||493,950|
|At 31 December 2020|490,620|17,706|8,996|1,561|518,883|



## 



## 

||Net acquistions|at cost represent|investment|income reinvested|at source in the|at source in the|relevant|funds held.||
|---|---|---|---|---|---|---|---|---|---|
|11.|DEBTORS:AMOUNTS FALLING DUE|||WITHIN ONE|YEAR|||||
|||||||||31/12/21|31/12/20|
|||||||||f|f|
||Trade debtors|||||||312,686||
||Prepayments<br>and accrual income|||||||31,434|11,491|
|||||||||344,120|11,491|
|12.|CREDITORS:|AMOUNTS FALLING DUE WITHIN ONE||||YEAR||||
|||||||||31/12/21|31/12/20|
||||||||||f|
||Trade creditors|||||||23,881||
||Taxation and social security|||||||75,968|41,533|
||Other creditors|||||||30,973|29,950|
|||||||||130,822|71,483|
|13.|MOVEMENT|IN FUNDS||||||||
|||||||||Net||
|||||||||movement|At|
|||||||At I/I/21||in funds|31/12/21|
||||||||||8|
||Unrestricted<br>funds|||||||||
||Unrestricted<br>Fund|||||||||
|||||||8,079,221|1,485,127||9,564,348|
||Restricted funds|||||||||
||Restricted Fund|||||490,620||(18,780)|471,840|
||TOTAL FUNDS|||||8,569,841|1,466,347||10,036,188|





## 

## 

|||||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|---|---|
|||||resources|expended|losses|ia funds|
|||||8||8|g|
|Unrestricted|funds|||||||
|Unrestricted|Fund|||||||
|||||4,031,062|(2,776,007)|230,072|1,485,127|
|Restricted funds||||||||
|Restricted Fund|||||(18,780)||(1$,7$0)|
|TOTAL FUNDS||||4,031,062|(2,794,787 )|230,072|1,466,347|
|Comparatives<br>for movemeat|||in funds|||||
|||||||Net||
|||||||movement|At|
||||||At I/I/20|in funds|31/12/20|
||||||8|8|f|
|Unrestricted|funds|||||||
|Unrestricted|Fund|||||||
||||||$,106,372|(27,151)|8,079,221|
|Restricted funds||||||||
|Restricted Fund|||||509,400|(18,780)|490,620|
|TOTAL FUNDS|||||8,615,772|(45,931)|8,569,841|
|Comparative|net movement|in|funds, included|in the above are as follows:||||
|||||Incoming|Resources|Gains aad|Moventeat|
|||||resources|expended|losses|in funds|
|||||8|||f,|
|Unrestricted|funds|||||||
|Unrestricted|Fund|||||||
|||||1,396,094|(1,616,373)|193,128|(27,151)|
|Restricted funds||||||||
|Restricted Fund|||||(18,780)||(18,780)|
|TOTAL FUNDS||||1,396,094|(1,635,153)|193,128|(45,931)|





## 

## 

## 

||||Net||
|---|---|---|---|---|
||||movement|At|
|||At I/I/20|in funds|31/12/21|
|||f|f|K|
|Unrestricted|funds||||
|Unrestricted|Fund||||
|||8,106,372|1,457,976|9,564,348|
|Restricted funds|||||
|Restricted Fund||509,400|(37,560)|471,840|
|TOTAL FUNDS||8,615,772|1,420,416|10,036,188|



||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|
||resources<br>f|expended|losses<br>f.|in funds|
|Unrestricted<br>funds|||||
|Unrestricted<br>Fund|||||
||5,427,156|(4,392,380)|423,200|1,457,976|
|Restricted funds|||||
|Restricted Fund||(37,560)||(37,560)|
|TOTAL FUNDS|5,427,156|(4,429,940)|423,200|1,420,416|



## 



## 



## 

|for the Year Ended 31D|ecember 2021|||
|---|---|---|---|
|||31/12/21|31/12/20f|
|INCOME AND ENDOWMENTS||||
|Donations<br>and legacies||||
|Donations||3,375,220|767,131|
|Investment<br>income||||
|Gain on disposal ofinvestment||86,260|31,035|
|Listed income||49,452|48,125|
|Interest received||13,304|32,622|
|||149,016|111,782|
|Other income||||
|Other income||506,826|517,181|
|Total incoming<br>resources||4,031,062|1,396,094|
|EXPENDITURE||||
|Investment<br>management|costs|||
|Fund manager costs||21,974|18,748|
|Charitable<br>activities||||
|Wages - direct||1,059,361|777,162|
|General Practitioner costs||149,555|(200)|
|Other direct costs||948,293|329,868|
|||2,157,209|1,106,830|
|Support costs||||
|Governance<br>costs||||
|Wages||167,080|147,110|
|Social security||134,680|102,211|
|Pensions||62,210|48,358|
|Auditors'<br>remuneration||11,368|10,723|
|Rates and water||10,598|10,659|
|insurance||17,634|16,432|
|Light and heat||16,242|14,383|
|Telephone<br>and fax||17,409|6,264|
|PPS||11,251|933|
|Sundries||2,880|4,117|
|Repairs and maintenance||12,085|13,565|
|Stafftraining||8,660|169|
|Staffmedical costs||10,140|9,716|
|Motor and travel expenses||5,837|8,174|
|Trustees expenses|||34|
|Computer<br>costs||12,715|12,955|
|Subscriptions||30,260|35,115|
|Canied forward||531,049|440,918|





|for the Year Ended 31D|ecember 2021|||
|---|---|---|---|
|||31/12/21f|31/12/20<br>g|
|Governance<br>costs||||
|Brought forward||531,049|440,918|
|Bank charges||1,365|952|
|Marketing<br>costs||47,063|22,320|
|Equipment<br>hire||2,580|2,383|
|Depreciation oftangible|fixed assets|33,547|43,002|
|||615,604|509,575|
|Total resources expended||2,794,787|1,635,153|
|Net income/(expenditure)|before gains and|||
|losses||1,236,275|(239,059)|
|Net losses on investments||||
|Net gains / losses on investments||230,072|193,128|
|Net income/(expenditure)||1,466,347|(45,931)|