## 



## 

|Trustees||Damian<br>Barr||
|---|---|---|---|
|||Freddie Baveystock||
|||Gregory Cameron||
|||David Cannadine||
|||Zia Chaudhry||
|||Victoria Collins||
|||Virginia<br>Davies||
|||Patrick Derham||
|||Jean Ellis||
|||Scott Evenbeck||
|||Caroline Gladstone||
|||Charles Gladstone||
|||Louisiana<br>Lush||
|||Anthony<br>Hall||
|||Tamara<br>Harvey||
|||Alison Henshaw||
|||Martyn<br>Percy||
|||Juliet Shield||
|||Julie Smith||
|||Phil Sykes||
|||Llyr Williams||
|||Linda Woodhead||
|Company|secretary|The Revd Peter. B.Francis||
|Charity number||701399||
|Company|number|02363642||
|Registered|office|Church<br>Lane||
|||Hawarden||
|||Deeside||
|||Flintshire||
|||CHS 3DF||
|Auditor||Mitchell Charlesworth|(Audit) Limited|
|||24 Nicholas Street||
|||Chester||
|||CH1 2AU||





## 

|||||Page|
|---|---|---|---|---|
|Trustees' report||||1-12|
|Independent<br>auditor's<br>report||||13-16|
|Group statement<br>offinancial|activities (Incorporating|the income and expenditure|account)|17-18|
|Group balance sheet||||19|
|Compa ny balance sheet||||20|
|Group statement<br>ofcash flows||||21|
|Notes to the accounts||||22-41|





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## 

|Peter Francis||Warden<br>and|Warden<br>and|Director|Director||
|---|---|---|---|---|---|---|
|Sarah Robertson||Finance Manager|||and|Director|
|Annette<br>Lewis||Development||Manager|||
|Louisa Yates||Director of|Collections|||and Research|
|Oussama<br>Mantashe||Operations|Manager||||
|Margaret<br>Cartner||Finance Assistant|||||
|Eliza beth<br>New<br>ma|rch|Management||PA/|HR|and H&S|
|Rhian Wailer||Marketing|Officer||||
|Matthew<br>Gibson||Head Chef|||||
|Lucy Anne Prescott||Head Housekeeper|||||
|Evan John||Maintenance|||||
|Collections: Reading Rooms and||Archives|||||
|Isobel Goodman||Librarian|||||
|Alexandra<br>Foulds||Archivist|||||
|Louise Roberts||Library Assistant|||||
|James Southerby||Library Assistant|||||
|Michael Pumford||Carnegie Project|||||
|Food for Thought|Restaurant||||||
|Charly James||Chef|||||
|Gareth Messham||Chef|||||
|Nicola Jones||Restaurant|Team||Leader||
|Zee Dempsey||Restaurant|||||
|Isabella Edwards||Restaurant|||||
|Elizabeth<br>Oakland||Restaurant|||||
|Denise Payne||Restaurant|||||
|Morgan Roberts||Restaurant|||||
|Alison Stevens||Restaurant|||||
|Jessica Waterson||Restaurant|||||
|Felicity Williams||Restaurant|||||
|Latisha Griffiths||Restaurant|||||
|Rebecca Hughes||Restaurant|||||
|Isabella Edwards||Restaurant|||||
|Ffion Jones||Restaurant|||||
|Owain Elmer||Restaurant|||||
|Housekeeping|||||||
|Samantha<br>Newell||Housekeeping|||||
|Caroline Sayer||Housekeeping|||||
|Rosie Parry||Housekeeping|||||
|Maintenance<br>and|Night Porter||||||
|Dominic<br>King||Night Porter|||||
|Anthony<br>Woolf||Night Porter|||||
|Reception|||||||
|Caroline Jeffrey||Reception|||||
|Victoria Leary||Reception|||||
|Helene Webster||Reception|||||
|Nicola Whalley||Reception|||||





## 

## 

## 

## 

|Registered|Charity|Name|Name|Gladstone's|Library||
|---|---|---|---|---|---|---|
|Charity number||||701399|||
|Company|registration||number|2363642|||
|Registered|office|||Gladstone's|Library||
|||||Church<br>Lane|||
|||||Hawarden|||
|||||Flintshire|||
|||||CHS 3DF|||
|Auditor||||Mitchell Charlesworth||(Audit) Limited|
|||||24 Nicholas|Street||
|||||Chester|||
|||||CH1 2AU|||
|Bankers||||Lloyds TSBPlc|||
|||||P.O. Box251|||
|||||8 Foregate Street|||
|||||Chester|||
|||||CH1 1XP|||



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## 

## 

|||||Unrestricted|Restricted|||
|---|---|---|---|---|---|---|---|
|||||funds|funds|Total|Total|
|||||2021|2021|2021|2020|
||||Notes|E|f|f|f|
|Income from:||||||||
|Donations<br>and legacies|||3|136,264|15,300|151,564|440,445|
|Grant income|||3||188,067|188,067|692,749|
|Charitable<br>activities|||4|139,463||139,463|102,253|
|Investments|||5|48,589|22,357|70,946|34,320|
|Trading company<br>income|||14|107,479||107,479|77,478|
|Total income||||431,795|225,724|657,519|1,347,245|
|Expenditure<br>on:||||||||
|Raising funds|||6|49,607|2,270|51,877|38,109|
|Charitable<br>activities|||7|487,930|113,468|601,398|584,891|
|Investment<br>costs|||11|1,730|6,870|8,600|7,794|
|Trading company expenses|||14|32,342||32,342|24,018|
|Total resources expended||||571,609|122,608|694,217|654,812|
|Net (losses)/gains<br>on investments|||12|8,274|81,046|89,320|(56,561)|
|Net incoming resources before||||||||
|transfers||||(131,540)|184,162|52,622|635,872|
|Gross transfers<br>between||funds||27,000|(27,000)|||
|Net income for the|year/Net|||||||
|movement<br>in funds||||(104,540)|157,162|52,622|635,872|
|Total funds brought|forward|||811,365|1,658,869|2,470,234|1,834,362|
|Total funds carried|forward|||706,825|1,816,031|2,522,856|2,470,234|





## 

## 

|||||||Unrestricted|Restricted||
|---|---|---|---|---|---|---|---|---|
|||||||funds|funds|Total|
|||||||2020|2020|2020|
||||||Notes|f|f|f|
|Income from:|||||||||
|Donations<br>and legacies|||||3|312,716|127,729|440,445|
|Grant income|||||3|120,000|572,749|692,749|
|Charitable<br>activities|||||4|102,253||102,253|
|Investments|||||5|33,869|451|34,320|
|Trading company<br>income|||||14|77,478||77,478|
|Total income||||||646,316|700,929|1,347,245|
|Expenditure<br>on:|||||||||
|Raising funds|||||6|36,698|1,411|38,109|
|Charitable<br>activities|||||7|442,134|142,757|584,891|
|Investment<br>costs|||||11|1,531|6,263|7,794|
|Trading company expenses|||||14|24,018||24,018|
|Total resources expended||||||504,381|150,431|654,812|
|Net (losses)/gains<br>on investments|||||12|(21,828)|(34,733)|(56,561)|
|Net incoming resources before transfers||||||120,107|515,765|635,872|
|Gross transfers<br>between||funds||||25,750|(25,750)||
|Net income for the|year/Net||movement|in|||||
|funds||||||145,857|490,015|635,872|
|Total funds brought|forward|||||665,508|1,168,854|1,834,362|
|Total funds carried|forward|||||811,365|1,658,869|2,470,234|





## 

## 

||||||2021||2020|
|---|---|---|---|---|---|---|---|
||||Notes||f||f|
|Fixed assets||||||||
|Intangible<br>assets|||15||6,138||6,786|
|Tangible assets|||16||420,428||192,797|
|Investments|||17||1,240,056||1,124,308|
||||||1,666,622||1,323,891|
|Current assets||||||||
|Stocks|||18|3,533||3,504||
|Debtors|||19|7,783||7,474||
|Cash at bank and|in|hand||1,108,405||1,462,077||
|||||1,119,721||1,473,055||
|Creditors: amounts||falling due within one year|20|(263,487)||(326,712)||
|Net current assets|||||856,234||1,146,343|
|Total assets less current liabilities|||||2,522,856||2,470,234|
|Income funds||||||||
|Restricted funds|||21||1,816,031||1,658,869|
|Unrestricted<br>funds|||22||706,825||811,365|
||||||2,522,856||2,470,234|





## 

## 

||||||2021||2020|
|---|---|---|---|---|---|---|---|
||||Notes||f||f|
|Fixed assets||||||||
|Intangible<br>assets|||15||6,138||6,786|
|Tangible assets|||16||420,428||192,797|
|Investments|||17||1,240,057||1,124,309|
||||||1,666,623||1,323,892|
|Current assets||||||||
|Stocks|||18|3,533||3,504||
|Debtors|||19|7,783||7,474||
|Cash at bank and|in|hand||1,108,405||1,462,077||
|||||1,119,721||1,473,055||
|Creditors: amounts||falling due within one year|20|(263,508)||(326,733)||
|Net current assets|||||856,213||1,146,322|
|Total assets less current liabilities|||||2,522,836||2,470,214|
|Income funds||||||||
|Restricted funds|||21||1,816,031||1,658,869|
|Unrestricted<br>funds|||22||706,805||811,345|
||||||2,522,836||2,470,214|





## 

## 

||||||2021||2020|
|---|---|---|---|---|---|---|---|
||||Notes|||||
|Cash flows from operating<br>activities||||||||
|Cash generated<br>from operations|||25||60,287||695,963|
|Investing<br>activities||||||||
|Dividends,<br>interest and rents from investments||||70,946||34,320||
|Proceeds from the sales of PPE||||249||||
|Purchase of Property,<br>Plant and Equipment||||(269,405)||(33,624)||
|Purchase of intangible<br>asset||||||(8,483)||
|Net proceeds from movement<br>on investments||||(115,749)||63,067||
|Net cash (used in)/generated<br>from investing||||||||
|activities|||||(313,959)||55,280|
|Cash flows from financing<br>activities:||||||||
|Repayments<br>of borrowing||||(100,000)||||
|Cash inflows from new borrowing||||||100,000||
|Net cash provided<br>by (used in)/generated||from||||||
|financing<br>activities|||||(100,000)||100,000|
|Change<br>in cash and cash equivalents|in the|||||||
|reporting<br>period|||||(353,672)||851,243|
|Cash and cash equivalents<br>at beginning|ofyear||||1,462,077||610,834|
|Cash and cash equivalents<br>at end ofthe year|||||1,108,405||1,462,077|





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## 

## 

|3.|Donations<br>and legacies|||||Unrestricted|Restricted||
|---|---|---|---|---|---|---|---|---|
|||||||funds|funds|Total|
|||||||2021|2021|2021|
|||||||f|f|f|
||Donations<br>and gifts|||||136,264|15,300|151,564|
||Government<br>grants||||||188,067|188,067|
||Donations<br>and gifts||||||||
||Donations<br>—The Main Library|||||62,453||62,453|
||Donations<br>—Voluntary|||||61,541||61,541|
||Donations<br>—The Scholarship|||Fund|||||
||Donations - The Gladstone||Project||||300|300|
||Gift Aid - The Main Library|||||12,270||12,270|
||Carnegie fund donations||||||||
||Arts sponsorship||||||15,000|15,000|
|||||||136,264|15,300|151,564|
||Grants receivable for core||activities||||||
||Garfield Weston funding||||||||
||Wolfson Foundation<br>funding||||||||
||Welsh Government<br>Covid|funding|||||||
||Welsh Government<br>Cultural|||grant|||146,900|146,900|
||QRS Funding||||||12,167|12,167|
||Business rates grant||||||29,000|29,000|
||Moondance<br>Foundation||||||||
||National<br>Heritage<br>Funding||||||||
||Other||||||||
||||||||188,067|188,067|
||Comparative<br>information|in||respect ofthe preceding|period|is as follows:|||
|||||||Unrestricted|Restricted||
|||||||funds|funds|Total|
|||||||2020|2020|2020|
||Donations<br>and gifts|||||312,716|127,729|440,445|
||Government<br>grants|||||120,000|572,749|692,749|
||Donations<br>and gifts||||||||
||Donations<br>—The Main Library|||||169,766||169,766|
||Donations<br>—Voluntary|||||65,140||65,140|
||Donations<br>—The Scholarship|||Fund|||48,667|48,667|
||Donations<br>—The Gladstone||Project||||464|464|
||Gift Aid<br>—The Main Library|||||77,810||77,810|
||Carnegie fund donations||||||63,598|63,598|
||Arts sponsorship||||||15,000|15,000|
|||||||312,716|127,729|440,445|





## 

|Donations<br>and legacies (continued)|Donations<br>and legacies (continued)|Donations<br>and legacies (continued)|Donations<br>and legacies (continued)|Donations<br>and legacies (continued)|Unrestricted|Unrestricted|Restricted||
|---|---|---|---|---|---|---|---|---|
|||||||funds|funds|Total|
|||||||2021|2021|2021|
|||||||f|f|f|
|Grants receivable for core activities|||||||||
|Garfield Weston funding|||||||100,000|100,000|
|Wolfson Foundation||funding||||120,000||120,000|
|Welsh Government||Covid|funding||||30,000|30,000|
|Welsh Government||Cultural||grant|||149,000|149,000|
|CJRS Funding|||||||127,513|127,513|
|Business rates grant|||||||10,000|10,000|
|Moondance|Foundation||||||13,000|13,000|
|National<br>Heritage<br>Funding|||||||100,200|100,200|
|Other|||||||43,036|43,036|
|||||||120,000|572,749|692,749|
|Charitable<br>activities|||||Unrestricted||Restricted||
|||||||funds|funds|Total|
|||||||2021|2021|2021|
|||||||f|f|f|
|Boarding and|tuition|fees||||139,463||139,463|
|Comparative|information||in|respect ofthe preceding|period|is as follows:|||
||||||Unrestricted||Restricted||
|||||||funds|funds|Total|
|||||||2020|2020|2020|
|||||||f|f|f|
|Boarding and|tuition|fees||||102,253||102,253|
|Investments|||||Unrestricted||Restricted||
|||||||funds|funds|Total|
|||||||2021|2021|2021|
|||||||f|f|f|
|Income from|UK listed investments|||||38,454|14,498|52,952|
|Cash on special deposit —Main Fund||||||10,128||10,128|
|Cash on special deposit —Scholarship|||||||7,859|7,859|
|Bank interest|receivable|||||||7|
|||||||48,589|22,357|70,946|





## 

||||||||Unrestricted|Unrestricted|Restricted||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||funds|funds|Total|
|||||||||2020|2020|2020|
|||||||||f|f|f|
||Income from||UK listed investments|||||31,711|5,513|37,224|
||Cash on special deposit||||—Main Fund|||2,124||2,124|
||Cash on special deposit||||—Scholarship||||(5,062)|(5,062)|
||Bank interest||receivable|||||34||34|
|||||||||33,869|451|34,320|
|6.|Raising funds||||||Unrestricted||Restricted||
|||||||||funds|funds|Total|
|||||||||2021|2021|2021|
|||||||||f|f|f|
||Fundraisin|and||ublicit|||||||
||Fundraising|salaries||||||32,809||32,809|
||Publicity|||||||16,798|2,270|19,068|
|||||||||49,607|2,270|51,877|
||Comparative||information||in respect ofthe preceding|period|is|as follows:|||
||||||||Unrestricted||Restricted||
|||||||||funds|funds|Total|
|||||||||2020|2020|2020|
|||||||||f|f|f|
||Fundraisin|and||ublicit|||||||
||Fundraising|salaries||||||27,518||27,518|
||Publicity|||||||9,180|1,411|10,591|
|||||||||36,698|1,411|38,109|





## 

## 

## 

|Charitable<br>activities|Charitable<br>activities|(expenditure)|2021|2020|
|---|---|---|---|---|
||||f|f|
|Boarding|and tuition|fees costs|||
|Depreciation|||40,191|17,520|
|Rates and water|||8,369|9,007|
|Light and|heat||40,038|31,371|
|Repairs and maintenance|||79,954|14,057|
|Insurance|||16,894|15,958|
|Catering|and other purchases||2,720|4,964|
|Course expenses<br>and||training|310|651|
|Printing,|postage and|stationery|3,129|2,499|
|Purchase|of books||2,975|3,557|
|Carnegie|fund project costs||17,844|2,203|
|Exhibition|costs|||758|
||||212,424|102,545|
|Share of|support costs (see note 8)||383,974|479,896|
|Share of|governance|costs (see note 8)|5,000|2,450|
||||601,398|584,891|
|Analysis|by fund||||
|Unrestricted<br>funds|||487,930|442,134|
|Restricted funds|||113,468|142,757|
||||601,398|584,891|





## 

## 

|8.|Support costs|Support costs|Support costs||||||Support|Support|Governance|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||costs|costs||Total|
|||||||||||2021|2021||2021|
|||||||||||f||f|f|
||Library, conference|||and residential|||salaries||251,784||||251,784|
||Wages and|salaries||||||||58,278|||58,278|
||Leasing and||rental|||||||5,260|||5,260|
||Motor and|travel expenses||||||||6,147|||6,147|
||Consultancy||fees|||||||7,004|||7,004|
||Telephone|||||||||4,905|||4,905|
||Computer|costs||||||||23,662|||23,662|
||Bank charges|||||||||4,094|||4,094|
||Sundry|||||||||22,840|||22,840|
||Audit||||||||||1,260||1,260|
||Accountancy||||||||||3,740||3,740|
||||||||||383,974||5,000||388,974|
||Analysed<br>between|||Charitable||activities|||383,974||5,000||388,974|
||Governance||costs|includes|payments|||to the auditors|ofE1,260 (2020 —E1,200) for audit|||fees.||
||Comparative||information||in|respect||ofthe preceding|period|is as follows:||||
||||||||||Support||Governance|||
|||||||||||costs|costs||Total|
|||||||||||2020|2020||2020|
|||||||||||f||f|f|
||Library, conference|||and residential|||salaries||359,403||||359,403|
||Wages and|salaries||||||||55,790|||55,790|
||Leasing and||rental|||||||4,085|||4,085|
||Motor and|travel expenses||||||||10,303|||10,303|
||Consultancy||fees|||||||11,962|||11,962|
||Telephone|||||||||10,826|||10,826|
||Computer|costs||||||||17,181|||17,181|
||Bank charges|||||||||4,642|||4,642|
||Sundry|||||||||5,704|||5,704|
||Audit||||||||||(1,850)||(1,850)|
||Accountancy||||||||||4,300||4,300|
||||||||||479,896||2,450||482,346|
||Analysed<br>between|||Charitable||activities|||479,896||2,450||482,346|





## 

## 

|Number of Employees|Number of Employees||2021|2020|
|---|---|---|---|---|
||||Number|Number|
|Number ofcharitable||staff|18|22|
||||2021|2020|
|Employment|Costs||E|E|
|Wages and salaries|||305,781|403,190|
|Socia I security|costs||20,279|23,546|
|Pension costs|||14,153|15,305|
||||340,213|442,041|



||The numbe|r|offull-time<br>e|quivalent<br>staff at the year|end was 23 (2020 - 4).|end was 23 (2020 - 4).|||
|---|---|---|---|---|---|---|---|---|
|11.|Investment||management|costs|Unrestricted||Restricted||
|||||||funds|funds|Total|
|||||||2021|2021|2021|
|||||||E|E|E|
||Profit/loss|on disposal of||tangible fixed assets||90||90|
||Investment||management|costs||1,640|6,870|8,510|
|||||||1,730|6,870|8,600|
||Comparative||information|in respect ofthe preceding|period|is as follows:|||
||||||Unrestricted||Restricted||
|||||||funds|funds|Total|
|||||||2020|2020|2020|
|||||||f|E|f|
||Investment||management|costs||1,531|6,263|7,794|





## 

## 

|12.|Net gains/(losses)|Net gains/(losses)|on investments|on investments|Unrestricted|Unrestricted|Restricted||
|---|---|---|---|---|---|---|---|---|
|||||||funds|funds|Total|
|||||||2021|2021|2021|
|||||||f|f|f|
||Gain/(loss)|on sale|of investments|||8,274|81,046|89,320|
||Comparative|information||in respect ofthe preceding|period|is as follows:|||
||||||Unrestricted||Restricted||
|||||||funds|funds|Total|
|||||||2020|2020|2020|
|||||||f|f|f|
||Gain/(loss)|on sale|of investments||(21,828)||(34,733)|(56,561)|



## 

## 

|Profit and Loss Account|Profit and Loss Account|Profit and Loss Account||2021|2020|
|---|---|---|---|---|---|
|Gladstone's|Library|Services Ltd||f|f|
|Turnover||||107,479|77,478|
|Cost ofsales||||26,591|21,281|
|Gross profit||||80,197|56,197|
|Administrative|expenses|||5,751|2,737|
|Profit before|tax|||75,137|53,460|
|Tax on profit/(loss)||on ordinary|activities|||
|Profit for the financial year||||75,137|53,460|





## 

## 

|15.|Intangible<br>fixed assets||||||
|---|---|---|---|---|---|---|
||Group and Company||||Software<br>f|Total<br>f|
||Cost||||||
||At 1January 2021and|31December 2021|||8,483|8,483|
||Depreciation||||||
||At 1January 2021||||1,697|1,697|
||Charge for the year||||648|648|
||At 31December 2021||||2,345|2,345|
||Carrying amount||||||
||At 31December 2021||||6,138|6,138|
||At 31December 2020||||6,786|6,786|
|16.|Tangible fixed assets||||||
||||Freehold|land|Plant and||
||Group and Company||and buildings<br>f||equipment<br>f|Total<br>f|
||Cost||||||
||At 1January 2021||62,355||438,590|500,945|
||Additions||156,911||112,494|269,405|
||Disposals||||(338)|(338)|
||At 31December 2021||219,266||550,746|770,012|
||Depreciation<br>and impairment||||||
||At 1January 2021||21,140||287,008|308,148|
||Depreciation<br>charged|in the year|19,629||21,807|41,436|
||At 31December 2021||40,769||308,815|349,584|
||Carrying amount||||||
||At 31December 2021||178,497||241,931|420,428|
||At 31December 2020||41,215||151,582|192,797|





## 

## 

|17.|Fixed asset investments||||Cash on|||
|---|---|---|---|---|---|---|---|
|||||Cash on|special|||
||||Scholarship|special|deposit-|||
|||Main fund|fund|deposit-|Scholarship|Other||
|||investments|investments|Main fund|fund|investments|Total|
|||f|f|f|f||f|
||Cost or valuation|||||||
||At 1January 2021|211,031|844,461|6,289|62,527|1|1,124,309|
||Additions|22,638|93,230|(22,638)|(93,230)|||
||Valuation<br>changes|18,402|88,905||||107,307|
||Other movements|||815|7,626||8,441|
||Disposals|(19,708)|(98,021)|19,708|98,021|||
||At 31December 2021|232,363|928,575|4,174|74,944|1|1,240,057|
||Carrying amount|||||||
||At 31December 2021|232,363|928,575|4,174|74,944|1|1,240,057|
||At 31December 2020|211,031|844,461|6,289|62,527|1|1,124,309|





## 

## 

|18.|Stock||||Group||Company||
|---|---|---|---|---|---|---|---|---|
||||||2021|2020|2021|2020|
||||||f|f|f|f|
||Stock||||3,533|3,504|3,533|3,504|
|19.|Debtors||||Group||Company||
||||||2021|2020|2021|2020|
||||||f|f|f|f|
||Amounts|falling due within one year:|||||||
||Trade debtors||||||||
||Other debtors||||7,783|7,474|7,783|7,474|
||||||7,783|7,474|7,783|7,474|
|20.|Creditors:|amounts||falling due within one year|Group||Company||
||||||2021|2020|2021|2020|
||||||f|f|f|f|
||Amounts|falling due within one year:|||||||
||Trade creditors||||57,295|33,128|50,378|32,288|
||Owed to group||companies||||8,338|2,361|
||Other taxation||and|social security|17,388|14,577|17,388|14,577|
||Other creditors||||188,804|179,008|187,404|177,507|
||Bank loan|||||100,000||100,000|
||||||263,487|326,713|263,508|326,733|





## 

|21.|Restricted income funds|Restricted income funds|||Movement|in funds|||
|---|---|---|---|---|---|---|---|---|
||||Balance at|||||Balance at|
||||1January|Incoming|Resources||Gains & 31December||
||||2021|resources|expended|Transfers|losses|2021|
||||f|f|f|f|f|f|
||Scholarship<br>Fund||779,801|22,357|(6,870)|(27,000)|81,046|849,334|
||Writers<br>in Residence||75,044|15,000|(2,270)|||87,774|
||Living Heritage|Fund|21,952|300|(4,341)|||17,911|
||Maartin<br>Merten|donations|1,681|||||1,681|
||Carnegie fund||150,576||(17,844)|||132,732|
||Exhibition<br>fund||18,269|||||18,269|
||House ofWisdom donations||319|||||319|
||Elizabeth<br>Hilton|legacy|2,000|||||2,000|
||COVID grants received||440,601|188,067|(91,283)|||537,385|
||Golothan<br>fund||168,626|||||168,626|
||||1,658,869|225,724|(122,608)|(27,000)|81,046|1,816,031|
||Scholarship<br>fund breakdown|||||2021||2020|
||||||0/|f|0/|f|
||Canon Symonds||||7.41|62,935|7.41|57,783|
||Bishop Moorman||||5.26|44,675|5.26|41,018|
||Dr McGregor||||14.49|123,068|14.49|112,993|
||General||||7.39|62,766|7.39|57,627|
||Tom Jarman||||3.82|32,445|3.82|29,788|
||Veronica Powles||||2.88|24,461|2.88|22,458|
||The Lawton||||3.63|30,831|3.63|28,307|
||The Drew||||4.83|41,023|4.83|37,664|
||Dr Daisy Ronco||||2.24|19,025|2.24|17,468|
||Richard<br>Hills||||4.67|39,664|4.67|36,417|
||Gladstone||||0.92|7,814|0.92|7,174|
||Ernest Walder||||3.22|27,348|3.22|25,110|
||Canon Denys Ruddy||||7.37|62,596|7.37|57,471|
||Father John Thorold||||6.16|52,319|6.16|48,036|
||Jim Cotter Trust||||10.71|90,964|10.71|83,517|
||Stanta n<br>Me mori aI||||5.35|45,439|5.35|41,719|
||Eileen Stamper||||9.65|81,961|9.65|75,251|
||||||100.00|849,334|100.00|779,801|





## 

## 

## 

|Compara|tive<br>in|formation<br>in r|espect ofthe|preceding<br>per|iod<br>is as follo|ws:|||
|---|---|---|---|---|---|---|---|---|
||||||Movement|in funds|||
||||Balance at|||||Balance at|
||||1January|Incoming|Resources||Gains &|31December|
||||2020|resources|expended|Transfers|losses|2020|
||||f|f|f|||f|
|Scholarship<br>Fund|||846,055|492|(6,263)|(25,750)|(34,733)|779,801|
|Writers|in Residence||61,455|15,000|(1,411)|||75,044|
|Living Heritage||Fund|29,136|464|(7,648)|||21,952|
|Maartin|Merten|donations|1,681|||||1,681|
|Carnegie|fund||89,181|63,598|(2,203)|||150,576|
|Exhibition<br>fund|||19,027||(758)|||18,269|
|House ofWisdom donations|||319|||||319|
|Elizabeth|Hilton|legacy|2,000|||||2,000|
|COVID grants received||||572,749|(132,148)|||440,601|
|Golothan|fund||120,000|48,626||||168,626|
||||1,168,854|700,929|(150,431)|(25,750)|(34,733)|1,658,869|





## 

|22.|Unrestricted|Unrestricted||income funds|income funds|income funds|||Movement|Movement|in|funds|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||Balance at|||||||Balance at|
||||||||1January|Incoming|Resources||||Gains & 31December||
||||||||2021|resources|expended||Transfers||losses|2021|
||||||||f|f||f||f|f|f|
||Designated||Funds||||||||||||
||Investment||reserve||||217,320|48,589||(1,640)||(36,006)|8,274|236,537|
||The Gladstone|||Project|||282,958|||||||282,958|
||Wolfson|Foundation|||||120,000|||||||120,000|
||Sponsor|a Shelf Funds|||||56,978|31,440||||||88,418|
||||||||677,256|80,029||(1,640)||(36,006)|8,274|727,913|
||General|Fund|||||(265,713)|244,287||(537,627)||63,006||(496,047)|
||Trading|company|||reserves||399,822|107,479||(32,342)||||474,959|
||||||||811,365|431,795||(571,609)||27,000|8,274|706,825|
||Comparative|||information||in|respect ofthe|preceding<br>period||is as follows:|||||
||||||||||Movement||in|funds|||
||||||||Balance at|||||||Balance at|
||||||||1January|Incoming|Resources||||Gains & 31December||
||||||||2020|resources|expended||Transfers||losses|2020|
||||||||f|f||f||f|f|f|
||Designated||Funds||||||||||||
||Investment||reserve||||263,844|33,869||(1,531)||(57,034)|(21,828)|217,320|
||The Gladstone|||Project|||261,188|21,770||||||282,958|
||Wolfson|Foundation||||||120,000||||||120,000|
||Sponsor|a Shelf Funds||||||56,978||||||56,978|
||||||||525,032|232,617||(1,531)||(57,034)|(21,828)|677,256|
||General|Fund|||||(205,886)|336,221||(478,832)||82,784||(265,713)|
||Trading|company|||reserves||346,362|77,478||(24,018)||||399,822|
||||||||665,508|646,316||(504,381)||25,750|(21,828)|811,365|





## 

## 

## 

## 

## 

## 

## 

## 

## 

|2021|2020|
|---|---|
|f|f|
|77,239|76,272|





## 

## 

|25.|Cash generated<br>from operations|Cash generated<br>from operations||||2021<br>f|2020<br>f|
|---|---|---|---|---|---|---|---|
||Surplus/(deficit)<br>for the year|||||52,622|635,872|
||Adjustments<br>for:|||||||
||Depreciation<br>charges|||||42,084|19,724|
||Dividends,<br>interest and rents from investments|||||(70,946)|(34,320)|
||Loss/(profit)<br>on the sale offixed||assets|||90||
||Movements<br>in working capital:|||||||
||(Increase)/decrease|in stocks||||(29)|1,314|
||(Increase)/decrease|in debtors||||(309)|41,594|
||(Increase)/decrease|in creditors||||36,775|31,779|
||Cash generated<br>from operations|||||60,287|695,963|
|26.|Analysis ofnet assets between||funds|||||
||Group||||Unrestricted|Restricted|Total|
||||||f|f|f|
||Fund balances at 31|December 2021are represented||by:||||
||Intangible<br>assets||||6,138||6,138|
||Tangible assets||||204,899|215,529|420,428|
||Investments||||236,538|1,003,519|1,240,057|
||Current assets/(liabilities)||||259,250|596,983|856,233|
||||||706,825|1,816,031|2,522,856|
||Company||||Unrestricted<br>f|Restricted<br>f|Total<br>f|
||Fund balances at 31|December 2021are represented||by:||||
||Intangible<br>assets||||6,138||6,138|
||Tangible assets||||204,899|215,529|420,428|
||Investments||||236,538|1,003,519|1,240,057|
||Current assets/(liabilities)||||259,230|596,983|856,213|
||||||706,805|1,816,031|2,522,836|





## 

## 

||Comparative<br>information|Comparative<br>information|in respect ofthe preceding|period|is as follows:|||
|---|---|---|---|---|---|---|---|
||Group|||Unrestricted<br>f||Restricted<br>f|Total<br>f|
||Fund balances at 31|December 2020 are represented||by:||||
||Intangible<br>assets||||6,786||6,786|
||Tangible assets||||167,804|24,993|192,797|
||Investments||||217,320|906,988|1,124,308|
||Current assets/(liabilities)||||419,454|726,888|1,146,342|
||||||811,364|1,658,869|2,470,233|
||Company|||Unrestricted<br>f||Restricted<br>f|Total<br>f|
||Fund balances at 31|December 2020 are represented||by:||||
||Intangible<br>assets||||6,786||6,786|
||Tangible assets||||167,804|24,993|192,797|
||Investments||||217,321|906,988|1,124,309|
||Current assets/(liabilities)||||419,434|726,888|1,146,322|
||||||811,345|1,658,869|2,470,214|
|27.|Analysis ofchanges|in net (debt)/funds||||||
|||||At|1January||31December|
||||||2021|Cash flows|2021|
||||||f|f|f|
||Cash at bank and in|hand|||1,462,077|(353,672)|1,108,405|