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2021-06-30-accounts

SANDRA CHARITABLE TRUST

FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2021 CHARITY NO: 327492

SANDRA CHARITABLE TRUST

REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

Contents

Page
Reference and administration information 1
Report of the Trustees 2 - 6
Report of the Independent Auditor 7 - 9
Statement of Financial Activities 10
Balance Sheet 11
Statement of Cash Flow 12
Notes forming part of the Financial Statements 13 – 20

SANDRA CHARITABLE TRUST

REFERENCE AND ADMINISTRATION DETAILS

Trustees Richard Moore
Michael Macfadyen
Francis Moore
Lucy Forsyth
Principal Office Moore Family Office Limited
42 Berkeley Square
London
W1J 5AW
Bankers National Westminster Bank plc
Finsbury Square Branch
PO Box 549
78 Finsbury Pavement
London
EC2A 1JA
Investment Managers Waverton Investment Management Limited
21 St James’s Square
London
SW1Y 4HB
Tilney
Chesterfield Gardens
London
SW1Y 4HB
Accountants Moore Family Office Limited
42 Berkeley Square
London
W1J 5AW
Auditor R E Jones & Co
132 Burnt Ash Road
Lee
London
SE12 8PU
Legal Advisors Charles Russell Speechlys LLP
5 Fleet Place
London
EC4M 7RD

SANDRA CHARITABLE TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021

The Trustees present their report along with the financial statements of the Charity for the year ended 30 June 2021. The financial statements have been prepared in accordance with the accounting policies set out on pages 13-14 and comply with the Charity’s Trust Deed, the Charities Act 2011 (s4) and the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) effective 1 January 2015.

Structure, Governance and Management

Sandra Charitable Trust is an unincorporated registered Charity, established under a governing Deed of Trust dated 29 June 1987. Michael Macfadyen and Richard Moore are both original Trustees of the Charity. Francis Moore was appointed on 22 May 2014 and Lucy Forsyth was appointed on 27 January 2015. The four Trustees are considered to be the Key Management Personnel of the Charity and are actively involved in the administration.

Trustees serve an indefinite term based on their relative experience and contribution to the Charity as a whole. The Trustees keep the skill requirements of the Trustee body under review and in the event that a Trustee retires or additional new Trustees are required, the existing Trustees will collectively discuss the change. There is no formal induction or training of new Trustees. However, appointment would be by nomination and the Trustees would review the skills of each nominated person to select members with the relevant experience and skills.

On the agreement of all existing Trustees, a new Trustee may be recruited. The background to the Charity would be provided to the prospective new Trustee before appointment and further information would then be shared at the regular Trustees’ meetings throughout the year. This information would include a brief history of the Charity, a copy of the previous year’s Financial Statements, a copy of the previous Trustees’ Minutes, and a copy of the governing Trust Deed.

The Trustees are kept up to date on new issues through their own professional expertise and under advice from the Secretary and the other professional advisors to the Charity. The Trustees meet regularly throughout the year and agree the broad strategy and areas of activity for the Charity, including consideration of grant making, investment, reserves and risk management policies and performance. The day to day administration of grants and the processing and handling of applications prior to the consideration of the Trustees is delegated to the Secretary to the Trustees.

All Trustees give of their time freely and no Trustee remuneration or expenses were paid in the year. Trustees are required to disclose all relevant interests and in accordance with the Charity’s policy withdraw from decisions where a conflict of interest arises.

Risk management

The Trustees have considered the major risks to which the Charity is exposed and have reviewed those risks and established systems and procedures to manage those risks. The major risks identified by the Trustees are the volatility of investment returns on the managed portfolios and the proper use of the grants made by the Charity each year.

During 2020 the outbreak of the Coronavirus (COVID-19) epidemic resulted in an unforeseen impact on charities that the Trustees support. The Trustees followed official UK Government advice and were able to continue to operate effectively with a greater use of online meetings and telephone contact during the year ended 30 June 2021. The day to day operation of the charity was not unduly affected although visits to potential donees and oversight of existing projects could not be carried out in person. The Trustees did however monitor the needs of front line charities and nurses and gave a number of special COVID related grants to assist in the tremendous work they were doing.

SANDRA CHARITABLE TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021

Risk management (continued)

The full effect of the disruption is not fully known and the Trustees are carefully monitoring values of the investments under management. It appears that the immediate impact has been a reduction in dividends which will affect the amount that will be available from which grants are made. As a result the Trustees will be carefully considering how to manage this situation and are assessing the longer term impact of the changes on the commitments that they make.

Objects, Objectives and Principal Activities for the public Benefit

Under the terms of the Deed, the Trustees have discretion to pay or apply the Trust Fund or the income thereof to such purposes or objects which are from time to time recognised as exclusively charitable according to the laws of England and Wales. The Trustees confirm that they have complied with the duty in section 4 of the 2011 Charities Act to have due regard to the guidance published by the Charity Commission, including that on public benefit, and when reviewing the Charity’s aims and objectives and in planning future activities and setting the grant making policy for the year.

The aims of the Charity are:

The main objectives for the year are shaped by these strategic aims with a view to continue funding chosen general charitable causes in line with the Trust Deed.

The Charity carries out these aims and objectives by:

Grant making policy

The Charity has established its grant making policy to achieve its objectives for the benefit of the public in general.

The Trustees review their grant making policy on an ongoing basis with three mains factors in mind:

  1. To monitor the level of the administrative costs of the Charity in the making of donations.

  2. To effectively increase the amount of distributable income.

  3. To be able to increase the amount of support to those causes for which the Trustees assess the Charity’s donations provide a significant social reward.

  4. 3 -

SANDRA CHARITABLE TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021

Grant making policy (continued)

The Trustees also receive numerous requests for funding from nurses and those studying to be nurses. Assistance is given to those suffering financial hardship and those requiring financial support in order to complete their studies. All such applications for funding are processed and liaison with the potential beneficiaries arranged on a voluntary basis as necessary. The funding given by the Trustees to nurses helps to provide the tools and expertise for the nursing sector with an aim to these resources being put into practice for the benefit of the public.

Achievements and Performance

The Trustees try to predict the level of income that they expect to receive each year so that they can plan the level of grants for each financial year. The total income of the Charity was £98,920 lower than the previous year. The Trustees set the Investment Managers cash targets rather than yield targets. These cash targets equate to the sum the Trustees intend to spend annually on worthy causes, in this way the Trustees feel they have greater control over the commitments which they make.

The Trustees provide assistance to charities where the Trustees believe that the grants will have a real and direct effect on the underlying needs which, in turn, furthers the Trust’s charitable purposes. A special area of help is given to those who are training to be nurses and are in need of financial assistance. Since inception, approximately 1,000 grants have been given to different charities and in the special area relating to nurses over 2,500 grants have been made to different nurses. During the year ended 30 June 2021 grants of £600,500 were provided to charities and £278,640 was provided to nurses in training.

Financial Review (including Reserves Policy)

The Charity is reliant on the income from its investments. The Charity’s income during the year ended 30 June 2021 comprised dividends and interest totalling £523,327 (year ended 30 June 2020: £622,247) and voluntary income of £200,000 (year ended 30 June 2020: £200,000).

The Trustees allocated £879,140 (year ended 30 June 2020: £798,753) towards charitable activities from the Unrestricted Fund as follows:

Donations to Organisations
Donations to Individuals
Governance Costs		 Income
Fund
600,500
278,640
109,638

988,778
 Capital
Fund
-
-
-

-
 Total
600,500
278,640
109,638

988,778

The governance costs of the Charity for the year ended 30 June 2021 were £109,638 (year ended 30 June 2020: £116,589).

The Trustees report an income deficit of £265,451 for the year ended 30 June 2021 (year ended 30 June 2020: deficit of £93,095) before brought forward balances.

The Trustees have a balanced investment policy and aim to maintain free reserves in unrestricted funds at a level which is sufficient to wholly distribute the income of the Trust Fund for the year whilst retaining capital for the maintenance and growth of the Fund.

SANDRA CHARITABLE TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021

Investment Policy and Performance

The Charitable Trust Deed confers upon the Trustees wide powers of investment, in all respects, as if they were absolute owners beneficially entitled to the underlying assets. At present the Charity’s funds comprise listed securities (investment portfolios held with Waverton Investment Management and Tilneys).

Trust monies requiring investment under the Trust may be invested in the purchase of such stocks, funds, shares, securities or other investments of whatsoever nature as the Trustees shall in their absolute discretion think fit. The Trustees shall have the same full and unrestricted powers of investing and converting investments in all other respects as if they were absolutely entitled to the Trust Fund beneficially.

Waverton Investment Management Limited have arranged, with the approval of the Trustees, the appointment of RBC Dexia Investor Services to hold investments as portfolio custodians on behalf of the Charity. Tilney had arranged, with the approval of the Trustees, the appointment of Pershing Securities Limited to hold the investments as portfolio custodians on behalf of the Charity.

The Trustees’ policy is to invest the funds available in a secure market, endeavouring to obtain a reasonable income, compatible with protection of the capital value involved and taking into account inflationary factors. With this in mind, the Trustees have retained Waverton Investment Management Limited and Tilney to guide and act for them on a professional basis. The Trustees monitor the performance of the investments in line with their short and long term aims and objectives, as well as undertaking regular reviews with the investment managers on a rotational basis at the Trustees’ meetings throughout the financial year.

Investments are shown at market value rather than book cost in accordance with the Statement of Recommended Practice: Accounting by Charities. In the year to 30 June 2021, the Charity made a net realised gain on disposal of listed investments of £1,106,765 (year ended 30 June 2020: £572,479) and an unrealised gain on listed investments of £1,851,513 (year ended 30 June 2020 a loss: £1,071,023).

The Trustees confirm that the Charity’s assets are sufficient to fulfil its obligations in respect of unrestricted funds and that all investments held by them on behalf of the Charity have been acquired in accordance with the powers available to them under the Trust Deed.

Plans for the future

The Trustees will continue to aim to fully distribute the income of the Unrestricted Fund each year and any income surplus brought forward whilst maintaining the capital of the Fund. The resources available for charitable purposes for the next year (to 30 June 2022) are expected to be around £700,000. The Trustees are aiming to distribute all of their income during the year ending 30 June 2022.

The Trustees are developing a website to deal with all applications which they hope will be operational during the year ending 30 June 2023. It is hoped that the website will provide a useful tool for the Trustees so that they can monitor the grants that they provide with sufficient due diligence and also, at the same time, be able to provide a source of information about the Charity to the organisations and individuals applying for grants.

The Trustees will continue to direct the Charity’s funds to general charitable causes which they think fit as laid out in the governing Trust Document.

SANDRA CHARITABLE TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021

Trustees’ responsibilities in relation to the Financial Statements

The Trustees are responsible for preparing the annual report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.

The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year. In preparing financial statements giving a true and fair view, the Trustees following best practice and:

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and which enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations and the provisions of the Trust Deed. The Trustees 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 irregularities.

Approved by the Trustees on 12 November 2021 and signed on their behalf by:

Richard Moore Trustee

INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF SANDRA CHARITALBE TRUST

Opinion

We have audited the financial statements of the Sandra Charitable Trust (the 'charity') for the year ended 30 June 2021 which comprise the statement of financial activities, balance sheet, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice.

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities 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 relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial 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 responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, 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 materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF SANDRA CHARITALBE TRUST

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees' report.

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees' responsibilities statement, 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 internal 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 assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance 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 assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. 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 responsibilities, 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:

Capability of the audit in detecting irregularities, including fraud

The objectives of our audit are to identify and assess the risks of material misstatement of the financial statements due to fraud or error; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud or error; and to respond appropriately to those risks.

Based on our understanding of the charity and industry, and through discussion with the trustees and other managers (as required by auditing standards), we identified that the principal risks of non-compliance with laws and regulations related to health and safety, anti-bribery and employment law. We considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Charities Act, Charities SORP (FRS 102), taxation and pension legislation. We communicated identified laws and regulations throughout our team and remained alter to any indications of non-compliance throughout the

INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF SANDRA CHARITALBE TRUST

audit. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to posting inappropriate journal entries to increase revenue or reduce expenditure and management bias in accounting estimates. Audit procedures performed by the engagement team included:

There are inherent limitations in the audit procedures described above and the further removed noncompliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

Prior year corresponding figures

The corresponding figures have not been audited, but as part of our audit procedures, these figures have been found to be reasonable.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charity's members, as a body, in accordance with section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the charity's members those matters 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 members as a body, for our audit work, for this report, or for the opinions we have formed.

Stephen Jones (Senior Statutory Auditor)

For and on behalf of F E Jones & Co Chartered Accountants and Statutory Auditor 132 Burnt Ash Road London SE12 8PU

Date: 6 April 2022

SANDRA CHARITABLE TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2021

Notes
Income and endowments from
Donations and legacies
2
Investments
3
Total
Expenditure on
Raising funds
4
Charitable activities
Activities undertaking
5
Support costs
7
Total
Net income/(expenditure) before
Investment gains/(losses)
Net gains/(losses) on investments
8
Net income/(expenditure)
Total funds at 1 July 2020
Total funds at 30 June 2021		 Income
Account
£
200,000
523,327

723,327

-
879,140
109,638

988,778

(265,451)
-

(265,451)
261,461

(3,990)		 Capital
Account
£
-
-

-

112,808
-
-

112,808

(112,808)
2,958,278

2,845,470
23,527,188

26,372,658		 2021
£
200,000
523,327

723,327

112,808
879,140
109,638

1,101,586

(378,259)
2,958,278

2,580,019
23,788,649

26,368,668
 2020
£
200,000
622,247

822,247

107,943
798,753
116,589

1,023,285

(201,038)
(498,544)

(699,582)
24,488,231

23,788,649

All funds are unrestricted and relate to continuing activities.

The notes on pages 13 to 20 form part of these financial statements.

SANDRA CHARITABLE TRUST

BALANCE SHEET AS AT 30 JUNE 2021

Notes
Fixed Assets
Investments
8
Current Assets
Cash at bank and in hand
9
Debtors
10
Liabilities
Creditors: amounts falling due within
one year
11
Net current assets
Total net assets
Unrestricted Funds
Capital Account
Income Account		 2021
£
£
26,188,907

26,188,907
305,596
-

305,596
(125,835)

179,761

26,368,668
26,372,658
(3,990)

26,368,668		 2020
£
£
23,335,848

23,335,848
294,884
200,000

494,884
(42,083)

452,801

23,788,649
23,527,188
261,461

23,788,649

Approved by the Trustees on 12 November 2022 and signed by:

_____ Richard Moore Trustee

The notes on pages 13 to 20 form part of these financial statements.

SANDRA CHARITABLE TRUST

STATEMENT OF CASH FLOW

Notes
Net cash used in operating activities
12
Cash flow from investing activities:
Interest received
Investment income received
Voluntary income received
Payments to acquire investments
Receipts from the disposal of investments
Net cash provided by investing activities
Change in cash in the year
Cash brought forward
Cash carried forward
Represented by:
National Westminster Bank plc
Cash at broker		 2021
£
(817,834)

47
523,280
200,000
(3,693,575)
3,645,808

675,560

(142,274)
1,100,737

958,463
305,596
652,867

958,463		 2020
£
(1,205,743)

629
621,618
200,000
(2,785,112)
3,052,325

1,089,460

(116,283)
1,217,020

1,100,737

294,884
805,853

1,100,737

The notes on pages 13 to 20 form part of these financial statements.

SANDRA CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

1. PRINCPAL ACCOUNTING POLICIES

(a) Accounting convention

The financial statements are prepared under the historical cost convention and in preparing the financial statements the charity follows best practice as laid down in the Statement of Recommended Practice “Accounting and Reporting by Charities” (Charities SORP (FRS 102)) and comply with the Charities (Accounts and Reports) Regulations 2008 issued under the Charities Act 2011.

(b) Donations, legacies and similar income

Donations, legacies and similar income are shown in the accounts when receivable and the value of the incoming resources can be measured with sufficient reliability.

(c) Investment income

Investment income is accounted for in the period in which the charity is entitled to receipt.

(d) Resources expended

Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis.

(e) Charitable activities

Costs of charitable activities include grants made and an apportionment of overhead and support costs where applicable.

Grants payable are payments made to third parties in the furtherance of the charitable objectives of the Trust. Single or multi-year grants are accounted for when either the recipient has a reasonable expectation that they will receive a grant and the trustees have agreed to pay the grant without condition, or the recipient has a reasonable expectation that they will receive a grant and any condition attaching to the grant is outside of the control of the Trust.

(f) Governance costs

Governance costs comprise costs relating to the general running of the charity as opposed to those associated with generating funds or charitable activity.

(g) Fixed asset investments

Investments are stated at closing market value at the balance sheet date. Any gains or losses on revaluation and disposal are shown in the Statement of Financial Activities.

(h) Realised gains and losses

Gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and purchase cost. Unrealised gains and losses are calculated as the difference between the market value at year end and opening market value (or purchase date if later). Realised and unrealised gains and losses are not separated in the Statement of Financial Assets.

SANDRA CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

1. PRINCIPAL ACCOUNTING POLICIES (CONT’D)

(i) Taxation

The charity is exempt from tax on its charitable activities.

(j) Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling the balance sheet date. Transactions in foreign currency are translated at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2. DONATIONS

Grant received
3.
INVESTMENT INCOME
Income from listed securities
Interest received
Accrued interest
4.
RAISING FUNDS
Investment managers fees
5.
CHARITABLE ACTIVITIES
Grant making		 Activities
Undertaking
Directly
(see note 6)
£
879,140

879,140		 2021
£
200,000


2021
£
526,210
47
(2,930)


523,327


2021
£
112,808


Support
Total
Costs
2021
(see note 7)
£
£
109,638
988,778

109,638
988,778
 2020
£
200,000
2020
£
621,618
629
-
622,247
2020
£
107,943
Total
2020
£
915,342
915,342

SANDRA CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

6.
GRANTS PAID OR PAYABLE
Action for the River Kennet
Adventure Plus
Aerospace Bristol
Almshouse Association
Alzheimer’s Research UK
Andrew Simpson Foundation
Arundel Castle Cricket Foundation
A-T Society
Autistica
Barnardo’s
Blind Veterens UK
Bradfield College
Brain Tumour Charity
Breast Cancer Now
British Forces Foundation
British Heart Foundation
British Wireless for the Blind Fund
Brooke Hospital for Animals
Bumblebee Conservation Trust
Cancer Research UK
Care for Veterans
Centrepoint
Changing Faces
Charlie Waller Memorial Fund
Chean Foundation
Checkendon PCC
Chelsea Academy
Cherry Trees
Chester Zoo
Childhood Eye Cancer Trust
Christ Church and Holy Trinity Federation
CIRCA
Colostomy UK
Combat Stress
Cornish Air Ambulance
Creating Better Futures
Crisis at Christmas
Crohn’s Colitis UK
Crohns in Childhood Research Association
Cure Parkinson’s Trust
Cystic Fibrosis Trust
Dame Vera Lynn Children’s Charity
Deaf Blind UK
Dear Toby Trust
Dedanists
Dementia UK
Deptherapy
Dermatrust
Disabled Veterans' Scholarships Fund

c/fwd		 2021
£
3,000
10,000
-
3,000
3,000
5,000
30,000
-
-
30,000
4,000
-
10,000
-
-
21,000
3,000
7,500
3,000
1,000
3,000
5,000
7,000
5,000
-
2,500
-
4,000
4,000
3,000
2,000
3,000
4,000
4,000
-
-
5,000
4,000
-
8,000
3,000
4,000
-
2,000
-
4,000
-
4,000
4,000


218,000		 2020
£
-
-
2,000
-
6,000
-
30,000
3,000
1,000
55,000
-
4,000
-
4,000
6,000
20,000
-
10,000
-
-
-
-
-
4,000
7,500
-
5,000
-
-
-
-
-
-
3,000
1,000
1,000
-
-
3,000
3,000
6,000
3,000
3,000
-
20,000
3,000
5,000
-
-
208,500

SANDRA CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

6.
GRANTS PAID OR PAYABLE (CONT’D)
b/fwd
Dyspraxia Foundation
Earth Trust
English Touring Opera
ERIC
Explore
Field Lane
Fields in Trust
Fight Against Blindness
Florence Nightingale Foundation
Flying Scholarships for Disabled People
Friends of Stoke Row School;
Garsington Opera
Great Haseley Windmill Trust
Great Ormond St Hospital Children’s Charity
Greatwood Charity
Greenham Trust (The Good Exchange)
Hands Up Foundation
Havering Mind
Headway East London
Health Poverty Action
Hellenic Centre
Henley and District Agriculture Association
Henley Show
Home Start Chams
Hope UK
Horatio’s Garden
Housing the Homeless
Huntingdon’s Disease Association
Independence at Home
Innovista International
Insight
Inspire Foundation
Jacaranda Trust
KIDS
Leander Club
Leonard Cheshire
Leukaemia UK
Lindengate Mental Health Charity
Little Angel Theatre
Living Paintings
London’s Air Ambulance
Lullaby Trust
Lyras Family Charitable Trust
Maritime London Officer Cadet Scholarship
Marlborough College Foundation
Martlets Hospice
Mary’s Meals

c/fwd		 2021
£
218,000
5,000
2,000
2,000
4,000
2,000
4,000
4,000
3,000
60,000
-
-
-
-
-
3,000
10,000
5,000
3,000
-
5,000
2,000
1,000
-
-
-
-
2,000
-
-
-
3,000
-
1,000
30,000
15,000
-
-
4,000
4,000
4,000
-
1,000
-
5,000
-
3,000
-


405,000		 2020
£
208,500
-
10,500
-
3,000
-
-
3,000
3,000
62,000
5,000
7,500
3,500
2,000
20,000
-
-
5,000
-
3,000
-
-
1,000
1,000
3,000
6,000
3,000
-
3,000
5,000
5,000
-
3,000
-
-
15,000
5,000
3,000
-
-
3,000
3,000
4,000
4,000
-
3,000
-
1,000
407,000

SANDRA CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

6.
GRANTS PAID OR PAYABLE (CONT’D)
b/fwd
MCC Foundation
Multiple Sclerosis Society
Multiple Sclerosis Trust
National Garden Scheme
Nettlebed Surgery Medical Fund
North Berwick Pipe Band
Oasis Community Housing
Opera Prelude
Orbis UK
Orchestra of St John
Oxford Botanic Garden
Oxfordshire Victoria County History
Oxfordshire Youth
Osteopathic Centre for Children
Pace
Parkinson’s UK
Place2Be
Pointers in Need
Princess Alice Hospice
Priscilla Bacon Hospice
React
Rescue Wooden Boats
RFU Injured Players Foundation
RHS
Richard House Children’s Hospice
Riding for the Disabled Association
RNIB
RNLI
Royal British Legion
Royal Horticultural Society
Royal Hospital for Neuro Disability
Royal Marsden Cancer Charity
Royal Trinity Hospice
Sands
Sarah Greene Tribute Fund
SCOPE
Scottish Seabird Centre
Seashell Trust
Second Chance
Sightsavers
Sovereign Housing
Spinal Research
St Elizabeth’s Centre
St Martin in the Fields
St Mary’s Church White Waltham

c/fwd		 2021
£
405,000
-
2,000
3,000
1,000
1,000
-
1,000
1,000
5,000
5,000
-
5,000
3,000
-
4,000
10,000
-
2,000
-
2,000
3,000
2,000
-
-
5,000
4,000
-
-
3,000
-
-
6,500
4,000
4,000
-
15,000
4,000
4,000
5,000
5,000
10,000
5,000
2,000
-
5,000


536,500		 2020
£
407,000
5,000
1,000
-
-
-
5,000
-
2,000
-
2,000
5,000
2,000
3,000
5,000
3,000
-
1,000
-
3,000
-
-
-
1,000
25,000
-
-
3,000
3,000
1,000
5,000
6,000
3,000
10,000
-
2,000
15,000
-
-
5,000
5,000
-
5,000
1,000
10,000
-
544,000

SANDRA CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

6.
GRANTS PAID OR PAYABLE (CONT’D)
b/fwd
St Luke’s Hospice
St Mary-le-Bow Young Homeless Charity
St Mary’s Church Cheveley
St Wilfrid’s Hospice
Stamma
Stowe School Foundation
Strength in Hoses
Stroke Association
Stubbers Adventure Centre
Student Minds
Sue Ryder
Sue Ryder Nettlebed
Tall Ships Youth Trust
Teenage Cancer Trust
Thames Valley Air Ambulance
The Eve Appeal
The Friends of St Mary’s Hawkesbury
The Institute of Cancer Research
The Goldie Hawn Foundation
The Good Exchange
The Meath Epilepsy Charity
The Norfolk Community Foundation
The Old Vic
The Royal Star & Garter Homes
The Trussell Trust
The Vintners Foundation
Thrive
Tommy’s
Victoria County History
Whizz-Kids
Willow Foundation

Grants to institutions under £1,000: 1 (2020: 1)

Grants to individuals: 329 (2020: 148)
Cheques drawn in y.e. 30/6/2019 written back
Cheques drawn in y.e. 30/6/2020 written back

 2021
£
536,500
-
4,000
4,000
5,000
4,000
-
-
4,000
4,000
-
1,000
-
3,000
-
6,000
-
4,000
2,500
-
-
-
-
5,000
-
-
-
4,000
5,000
-
4,000
4,000


600,000
500


600,500
280,640
-
(2,000)


879,140
 2020
£
544,000
5,000
-
-
5,000
-
25,000
3,000
-
-
1,000
5,000
1,000
-
2,000
1,000
5,000
-
-
3,000
5,000
3,000
3,500
7,500
3,000
5,000
1,000
1,000
11,000
5,000
4,000
-
649,000
500
649,500
150,253
(1,000)
-
798,753

SANDRA CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

7. SUPPORT COSTS

Accounting and administration
Grant and general management
Audit fee
Audit fee – previous year under provision
VAT
Other

Previous year underprovision

 2021
£
26,512
60,000
1,500
600
18,038
2,988


109,638
-


109,638
 2020
£
20,000
58,000
1,500
-
16,466
2,935
98,901
17,688
116,589

The Trust had no paid employees, however time was donation on a voluntary basis. The Trustees did not receive remuneration or reimbursement of expenses during the year. The Trustees have not purchased indemnity insurance.

8. INVESTMENTS

2021
2020
£
£
£
Market value at 1 July 2020
22,529,995
Acquisition cost
3,693,575
2,785,112
Proceeds from disposals
(3,645,808)
(3,052,325)


47,767
Realised gains/(losses)
1,106,765
572,479
Movement in unrealised valuation 1,851,513
(1,071,023)


2,958,278
Market value at 30 June 2021
25,536,040
Cash held within the investment portfolio
652,867
Total value of portfolio at 30 June 2021
26,188,907
No individual investment represents more than 5% of the investment portfolio.
CASH AT BANK AND IN HAND
2021
£
National Westminster Bank plc
305,596
£
23,295,752
(267,213)
(498,544)
22,529,995
805,853
23,335,848
2020
£
294,884

9. CASH AT BANK AND IN HAND

SANDRA CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

10. DEBTORS

10. DEBTORS
2021 2020
£ £
Donation
 - 200,000
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£ £
Accruals and deferred income 1,800 1,800
Accountancy fees 7,200 6,000
Administration fees 18,450 17,922
Broker fees 17,785 16,361
Donations payable 80,600 -

125,835 42,083
12. RECONCILIATION OF NET MOVEMENTS IN FUNDS TO NET CASH FLOW FROM
OPERATING ACTIVITIES
2021 2020
£ £
Net income/(expenditure) for the year
 (378,259) (201,038)
Deduct interest (47) (629)
Deduct investment income
 (523,280) (621,618)
Deduct voluntary income
 (200,000) (200,000)
Decrease/(increase) in debtors 200,000 (200,000)
Increase/(decrease) in creditors 83,752 17,541


(817,834) (1,205,743)

13. RELATED PARTIES

No charges have been made to the charity during the year ended 30 June 2021 for the work carried out as trustees by Richard Moore or Francis Moore who were directors of Moore Family Office Limited from 1 February 2019 and 22 March 2019 respectively. Moore Family Office charged professional fees of £74,000 plus VAT during the year to 30 June 2021.

SANDRA CHARITABLE TRUST

Appendix

Schedule of Investments

30 June 2021

SANDRA CHARITABLE TRUST

WAVERTON SCHEDULE OF INVESTMENTS FOR THE YEAR ENDED 30 JUNE 2021

Book Value Additions Disposals Profit Book Value Market Value Gross 01/07/2020 Cost Proceeds (Loss) 30/06/2021 30/06/2021 Income £ £ £ £ £ £ £ Total 12,070,113.00 3,337,021.54 3,239,791.85 935,552.02 13,102,894.71 16,605,714.00 379,020.00

SANDRA CHARITABLE TRUST

TILNEY SCHEDULE OF INVESTMENTS FOR THE YEAR ENDED 30 JUNE 2021

Book Value Additions Disposals Profit Book Value Market Value Gross 01/07/2020 Cost Proceeds (Loss) 30/06/2021 30/06/2021 Income £ £ £ £ £ £ £ Total 6,647,932.00 356,553.11 406,016.00 171,212.56 6,769,681.67 8,930.326.00 147,190.00