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|||Page|
|---|---|---|
|lteport ofthe trustees|||
|Auditors'
report|||
|Statement offinancial|activities||
|Balance sheet||10|
|Statement ofcash flows|||
|Notes to the financial|statements|12|
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|Established|by deed|28 October|1988|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Charity number||800493||||||||||||||
|Trustees||Lady Judith Swire||||||||||||||
|||M VAllfrey||||||||||||||
|||M 8Swire||||||||||||||
|||SC Swire||||||||||||||
|||R J Leonar (retired||3 I July|||2021)|||||||||
|||J H Kidner||||||||||||||
|||Power to appoint||new||trustees|||was vested||||in|the|settlor|
|||during
his lifetime|||and|is|thereafter|||vested|||in|Lady|Judith|
|||Swire during|her lifetime.|||||||||||||
|Settlor||Sir Adrian
Swire||||||||||||||
|Trust fund||EI00. further|settlements,||||accumulation|||||of income,|||capital|
|||accretion
or|otherwise|||and||ag|property|||representing
the||||
|||same.||||||||||||||
|Objects||Such charitable
objects as|||||the Settlor|||shall||in vn iting direct||||
|||or in default of direction||||as the Trustees|||||shall||from time to|||
|||time determine.||||||||||||||
|Accumulation||During the period||2I years from|||||the|date||ofthe||trust|deed,|
|||the Trustees|had|power|||to|accumulate||||the|whole||or any|
|||part ofthe incoine||ofthe Trust Fund,||||||||||||
|Power to retain||The Trustees|have||power||to retain|||any|John||Swire E Sons|||
|||Limited shares comprised|||||in the Trust Fund.|||||||||
|Investments||Powers ofinvestment
as||||an absolute||||beneficial|||owner,|||
|Investment|managers|Sarasin 8 Partners||LLP||||||||||||
|||Juxon House||||||||||||||
|||100St Paul's|Churchyard|||||||||||||
|||London||||||||||||||
|||EC4M BBU||||||||||||||
|Bankers||Contra 8Co||||||||||||||
|||440 Strand||||||||||||||
|||London||||||||||||||
|||WC2R OQS||||||||||||||
|Auditors||Dixon Wilson|Audit||Services|||LLP||||||||
|||22 Chancery|Lane|||||||||||||
|||London||||||||||||||
|||WC2A ILS||||||||||||||
|Address||Swire House||||||||||||||
|||59 Buckingham|Gate|||||||||||||
|||London||||||||||||||
|||SW I E6AJ||||||||||||||
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|||||||2021|2020|
|---|---|---|---|---|---|---|---|
||||Unrestricted||Expendable|||
||||Note|Fund|Fund|Total|Total|
||||||6|6|6|
|Income and endowments||from:||||||
|Invesunents|||2|1,765,186||1,765,186|1,421,508|
|Donations
and legacies|||3||||773|
|Total incoming resources||||1,765,186||1,765,186|1.422281|
|Expenditure
on:||||||||
|Raising funds|||||18,034|18,034|9.744|
|Chadtable
activities||||1,616,840||1,616,840|1,323,051|
|Total expenditure||||1,616,840|18,034|1,634,874|1332,795|
|Net gain on investment|assets||||23,145,157|23,145,157|(10015,780)|
|Net incomef(expenditure)||||148,346|23,127,123|23,275,469|(9,926,294)|
|Net movement
In funds||||148,346|23,127,123|23,275,469|(9,926394)|
|Reconciliation
offunds:||||||||
|Fund balance brought|forward|at||||||
|I January 2021||||697,303|23,380,629|24,077,932|34,004,226|
|Fund balance carried forward||at||||||
|31 December 2021||||845,649|46,507,752|47,353,401|24,077,932|
##
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##
|||||||2021||2020|
|---|---|---|---|---|---|---|---|---|
|||||Note|||||
|Fixed assets|||||||||
|Investments||||||46,599,890||23,433,6I2|
|Current assets|||||||||
|Cash at bank and in hand|||||752,240||642,430||
|Debtors||||6|5292||4,872||
||||||757,532||647.302||
|Liabilities|||||||||
|Creditors:|Amounts|falling due|||||||
|within
one|year|||7|(4,021)||(2,982)||
|Net current assets||||||753,511||644,320|
|Total assets less current liabilities||||||47,353,401||24,077,932|
|Net assets||||||47,353,401||24,077,932|
|The funds|ofthe charity:||||||||
|Unrestricted|income|funds||||845,649||697.303|
|Expendable|endowment||funds|||46,507,752||23,380,629|
|||||||47,353,401||24,077.932|
##
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##
||2021|2020|
|---|---|---|
||Totalr|Total|
|Net cash used in operating acdvides|(1,634,255)|(1379379)|
|Cath fhwt 8om investing
activiaea|||
|Interest snd dividends|1,765,i86|1,421308|
|Purchase ofinvestmams|(21,121)||
|Net cash provided
by invesdng
acdvities|1,744,065|1,421308|
|Change
in cash snd cash equivalents|109,810|41,929|
|Cash and cash equivalents
brought forward|642,430|600,501|
|Cash and cash equivalents
carried forward|||
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|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||||6|6|
|Grants made te charitable|insdtudonsr|||||||
|999 Club|||||||2400|
|Abbeylield
(Reading) Society|||||||2,500|
|Ability Dogs 4 Young People|||||||25,050|
|Action4Youth||||||15,000||
|Age UK||||||2,500||
|Air League Trust||||||15,000|15.000|
|Air Pilots Trust Honourable|||Co||||I0.000|
|All Saints, Farnborough|PCC||||||2400|
|Alzheimer's
Research UK||||||3,500|25,000|
|Armonico
Consort||||||25,000|I7,000|
|Art History
Link-Up||||||5.000|5,000|
|Autism at Kingwood|||||||5,000|
|Barts Chadty
Battle of Britain Memodal
Be Free Young Carers||Trust||||5,000
5,000|5,000
5,000|
|Bell House
Dulwich||||||9,113||
|Birth Companions||||||10,000||
|Blandford
Forum Parochial||Church C|||ouncil|15,000||
|Bletchley Park Trusc
Blue Cross||||||1500|25,000|
|Brain Tumour
Charity (The)||||||10.000|I0.000|
|Brendoncare
Foundation|||||||5,000|
|Britain Australia
Society Educational
British Insdtute ofFlorence||||Trust||5,000
25,000|5,000
25,000|
|British Red Cross||||||1,500||
|Burton Dassett PCC||||||9.500|3,000|
|Byrne Avenue Trust|||||||5,000|
|Calvert Trust Exmoor||||||20,000||
|Carers Trust||||||5,000||
|Caudweg
Children||||||3,000|2,500|
|Central
London
Samaritans||||||25,000|25,000|
|Chalke Valley History Trust||||||15,000||
|Charity Mentors Oxfordshire||||||5,000||
|Charlie Wailer Memorial|Trust|||||5.000|4,000|
|Church
Council StJames
Coastal Forces Heritage|Church De
Trust|||nchworth|||2,500
5,000|
|Crisis UK||||||25,000|25,000|
|Daisy's Dream||||||5,000||
|Devon Wildlife Trust||||||25,000|19,500|
|Different Strokes||||||5,000||
|Ditchling
Museum ofArt|and||Craft|||3,000||
|Carried forward||||||303,613|28I 050|
##
##
|4.
Analysis ofexpenditure|4.
Analysis ofexpenditure|4.
Analysis ofexpenditure|4.
Analysis ofexpenditure|on «haritable|on «haritable|on «haritable|activities (continued)|2021|2020|
|---|---|---|---|---|---|---|---|---|---|
|||||||||E||
|Brought forward||||||||309,613|lu Luau|
|Diverse Abilities||||||||10,000|10,000|
|Douglas Bader Foundation||||||||5,000||
|Dressability||||||||5,000||
|Earth Trust||||||||20,000|I5,000|
|East Sussex Bach Choir||||||||2,500||
|Envision||||||||20,000||
|Eton College|||||||||25,000|
|Falkland
Hall Charity||||||||10,000||
|Fine Cell Work||||||||17,000|I5,000|
|Force Cancer Charity||||||||12,000|12,000|
|Friends of Guys Marsh
Prison||||||||15,000|I5,000|
|Friends of Sussex Hospices||||||||6.000||
|Friends ofThe Ridgeway||||||||2,500||
|Glyndebourne
Productions||Limited||||||5,000|5,000|
|Got Mister Development|Group|||(Ace Africa)|||||s+uu|
|Grange
Festival|||||||||20,000|
|Guide Dogs for the Blind|Association|||||||1,000||
|Guideposts
Trust Limited||||||||7,500||
|Guy's and StThomas'
Charity|||||||||IO,OOO|
|Hampshire
and Isle of Wight|||Air|Ambulance||||5,000|5,000|
|Helen & Douglas House|||||||||5,000|
|Help Musicians||||||||10.000|25,000|
|Heiitage of London Trust||||||||10,000||
|Hope for Tomorrow|||||||||5,000|
|Horatio's
Garden||||||||5,000||
|Hospicecare||||||||10,000||
|Household
Divn Funds Organ|||Replacement|||Funds||10,000||
|Imperial War Museum||||||||25,000|2O,eyO|
|Inkerman
Housing Association||||||||15,000|15,000|
|Inspire Foundation||||||||2,500||
|Institute of Cence- Researc||||||||3,000||
|Julia's House||||||||30,000|30,000|
|Kathleen
Ferrier Awards||||||||3,000||
|Katle Haines
Memorial
Trust|||||||||5,000|
|Kilmartin
Museum||||||||3,000||
|Lambourn
RDA||||||||5,000||
|League of FHiends of Lewes||Victoria Hospital||||||I5,000||
|Letcombe Brook (Wantage)|||Charitable||Trust|||2,500||
|Lifebeat||||||||20,000||
|London
Library|||||||||IO,OOO|
|Lord Leycester Hospital||||||||25,000||
|Ma«millan
Cancer Support||||||||15,000||
|Malta Aviation
Museum|Foundation|||||||10,000||
|Maritime
Archaeology
Trust|||||||||25,000|
|Mary Hare Foundation|||||||||5,000|
|Mary Rose Trusc||||||||20,000||
|Maymessy CIC||||||||5,000||
|Migrants
Organise||||||||20,000||
|Carried forward||||||||711,113|56I,420|
##
##
##
|Analysis ofexpenditure|Analysis ofexpenditure|Analysis ofexpenditure|Analysis ofexpenditure|Analysis ofexpenditure|on|charitable|charitable|activities (continued)|2021|2020|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||6|6|
|Brought forward|||||||||711,113|561,420|
|Museum ofOxford Development|||||Trust||||10,000|10,000|
|Myaware|||||||||S,ODO||
|Myeloma
UK|||||||||5,000||
|Nat Assoc Iaryngectomee||Clubs|||(Nalc)||||20,500||
|National
Association
Laryngectomee||||||Clubs (Nalc)||||35,000|
|National
Emergencies
Trust|||Caronavirus||||Appeal|||152,000|
|National
Literacy Trust||||||||||5,000|
|National
Migraine Centre|||||||||3,0OO||
|National Trust|||||||||2,000||
|Nelson Trust|||||||||25,000||
|Newbury
Spring Festival|||||||||10,000||
|Newbury
YMCA||||||||||2,000|
|Nomad|||||||||5,000||
|Opportunity
International||UK||||||||15,000|
|Oracle Cancer Trust|||||||||25,000||
|Orchestra ofthe Swan|||||||||2,000||
|Outward
Bound International|||||||||10,000|10,000|
|Oxford Lieder|||||||||7,500|10,000|
|Oxfordshire
Association|for||the Blind||||||5,000||
|Oxfordshire
Community|Foundation||||||||15,000||
|Oxfordshire
Historic Churches||||Trust|||||2,500|2,500|
|Oxfordshire
Mind||||||||||10.000|
|Oxfordshire
Youth|||||||||5,000||
|Pancreatic Cancer Action||||||||||2,500|
|Parkhause
Award (The)|||||||||25,000||
|PCC of Badger|||||||||2,500|2300|
|PCC ofStAnnes Lewes|||||||||15,000||
|Pitt Rivers Museum,
University||||Of Oxford||||||25,000|
|Place2B|||||||||10,000||
|Prisoners'
Education Trust|||||||||20,000|30,000|
|RNLI|||||||||1,500||
|Ross PCC|||||||||1,000||
|Royal Air Force Benevolent|||Fund||||||25,000|25,000|
|Royal Air Force Museum|||||||||25,000|10,000|
|Royal British Legion|||||||||2,000|5,000|
|Royal Hordcultural
Society||(The)||||||||25,000|
|Royal Opera House|||||||||5,000||
|Royal Philharmonic
Society|||||||||2,500||
|Royal Trinity Hospice|||||||||60,000|35,000|
|Safe Passage International||||||||||7,500|
|Salvation
Army|||||||||5,000||
|SameYou|||||||||5,000||
|Schoolreaders|||||||||7,500||
|Scottish Opera|||||||||1,500||
|Seeds4success|||||||||10,000|10,000|
|Semley Srhool|||||||||4,396|2,408|
|Shannon
Trust|||||||||30,000|30,000|
|Shipston
Home Nursing||||||||||15,000|
|Carried forward|||||||||1,126,509|1,037,828|
##
##
##
|4.
Analysis ofexpenditure|4.
Analysis ofexpenditure|4.
Analysis ofexpenditure|on|charitable|charitable|activities (continued)|2021|2020|
|---|---|---|---|---|---|---|---|---|
||||||||E|E|
|Brought forward|||||||1,126,509|I,037,828|
|Sinfonia of London|||||||10,000||
|Silver Line||||||||IO,OOO|
|Southwark
Day Centre for|Asylum||Seekers|||||I 1,500|
|Sparsholt with Kingston
Lisle||PCC|||||10,000|28,303|
|SSGreat Britain Trust|||||||25,000||
|StCatherine
College Wallace||Watson|||Award||10,000|5,000|
|StClare Hospice|||||||5,000|5,000|
|StJohn's Church Waterloo||||||||I5,000|
|St Luke's Hospital||||||||5,000|
|St Mary's Church, Great Parndon|||Pcc|||||1,500|
|St Michael
and All Angels Clifton|||Hampden|||||5,000|
|StSampsons
Church|||||||7,500||
|Stoke Mandeville
Spinal Research||||||||I0,000|
|Stow Maries Great War Aerodrome||||Trust||||10,000|
|Style Acre|||||||10,000|IO,OOO|
|Submariner
Memorial
Appeal|||||||10.000||
|Sue Ryder Palliative Care Hub South Oxfordshire||||||||5,000|
|Sussex Heart Charity|||||||10,000||
|Sussex Historic Churches|Trust|||||||10,000|
|South West Grid for Learning Trust Ltd|||||||10,000|II O,OOO|
|Thames Valley Air Ambulance|||||||10,000||
|The Clink|||||||10,000||
|Toke
Farm Education||||||||I0.000|
|Trussell Trust||||||||IO,OOO|
|Two Moors Festival|||||||5,000|5,000|
|University
College Oxford|(Univ)||||||127,500|2.500|
|University
of Southampton|||||||10,000|25,000|
|Unlocked
Graduates|||||||50,000||
|Veterans Contact Point||||||||IO,OOO|
|Versus Arthritis|||||||3,000||
|Wallace Collection|||||||7,500||
|Wantage
Choral Society|||||||5,000|5,000|
|Wantage
Independeni.
Advice Centre|||||||5,000|5,000|
|Wantage
Silver Band|||||||15,000||
|Wantage
Summer Arts Festival|||||||2,000||
|Waterloo
Uncovered|||||||20,000|20,000|
|Wentworth
Woodhouse|Preservation||||Trust||22,003||
|West London Zone|||||||10,000||
|Whittington
PCC|||||||2,500||
|Worshipful
Company of Shipwrights|||||||10,000||
|Young Musicians
Symphony||Orchestra|||YMSO||20,000||
|Zoological Society of London|||||||2,500||
||||||||1,571,012|I,271,63 I|
|Donations
and grants ofless thon EI,OOO:|||||||||
|Bayford PCC|||||||100|IOO|
|Essex Yeomanry
Association|||||||500|500|
|Outward
Bound Trust||||||||500|
||||||||600|I,IOO|
##
##
|4.
Analysis ofexpenditure|4.
Analysis ofexpenditure|4.
Analysis ofexpenditure|4.
Analysis ofexpenditure|4.
Analysis ofexpenditure||on|charitable|charitable|activities (continued)|activities (continued)|2021|2020|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Total donations|||||||||||1,571,6 I2|1372.731|
|Cavernancc|costs allocated||to|charitable|||activities:||||||
|Administration||fee|||||||||3,600|3,600|
|Consultancy|costs||||||||||38,484|43,738|
|Auditor's
remuneration|||||||||||3,144|2,982|
||||||||||||45,228|50,320|
|Total expenditure
on charitable|||||activities||||||1,616,840|1323,051|
|Expenditure|on|charitable|activities|||in|both|years|was attributable|to the unrestricted|income fund.||
|5.
Fixed||asset investments|||||||||2021|2020|
||||||||||||6|6|
|Quoted/unquoted
Investments|||||||||||||
|Market value|at|start ofyear|||||||||23,433,612|33,449,392|
|Addidons|||||||||||21,121||
|Net unrealised||gainsf(losses)||on investment||||assets|||23,145,157|(ioois,yeo)|
|Market value|at|end ofyear|||||||||46,599,890|23,433,612|
|Investments|have been made|||in the||following||categories ofsecurities:|||||
||||||||||||2021|2020|
||||||||||||f.|E|
|Quoted|||||||||||||
|UK equities|||||||||||5,399.989|4,999,270|
|Unquoted|||||||||||||
|UK equities|||||||||||41,199,901|18,434.342|
||||||||||||46,599,890|23,433,612|
##
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##
|6.|Debtors||||||2021|2020|
|---|---|---|---|---|---|---|---|---|
||||||||E|6|
|Ashy r rinhrorc|||||||5292|4.872|
|7.|Creditors: amounts||falling due within one year||||2021|2020|
|||||||||6|
|Accruals|||||||3,144|2,982|
|Other creditors|||||||877||
||||||||4,021|2,982|
|0.|Analysis ofnet|assets between||funds|||||
|||||||Unrestricted|Expendable|Total|
|||||||Income|Endowment||
|||||||fund|fund|2021|
|Fund|balances as at 31 December 2021 are|||represented||by:|||
|Cash|and Debtors|||||849,670|(92,138)|757,532|
|Creditors||||||(4,021)||(4,021)|
|Investments|||||||46,599,890|46,599,890|
|||||||845,649|46,507,752|47,353,401|
||Reconciliation|of|net movement||in funds|to net cash flow from|operating
activities||
|Reconciliation
ofnet movement
in funds to n|et cash flow from operating
activities||
|---|---|---|
||2021|2020|
||6||
|Net movement
in funds|23,275,469|(9.926,294)|
|Deduct income from investments|(1,765,186)|(1,421308)|
|Add lasses/(gains)
on investments|(23,145,157)|10,015,780|
|Increase/(decrease)
in creditors|1,039|(42,685)|
|Increase
in debtors|(420)|(11,75I)|
|Net cash used
in operating
activities|(1,634,255)|(1,379,579)|
##
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##
|Financial assets||2021|2020|
|---|---|---|---|
|||E|E|
|Quoted/unquoted|investments|46,599,890|23,433,612|
|||46,599,890|23,433,612|
##