2023-03-31-accounts - Colwinston Charitable Trust

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	Page
Annual Report ofthe Trustees	1-9
Independent Auditor's Report	10-12
Statement of Financial Activities	13
Balance Sheet	14
Statement ofCash Flows	15
Notes to the Financial Statements	16-25

REFERENCE AND	REFERENCE AND	ADMINISTRATION	ADMINISTRATION	DETAILS
UK Charity	Registration		Number:	1049189
Registered	Office:			Eighth Floor, 6 New Street	Square
				New Fetter Lane, London	EC4A 3AQ
Telephone	Number:			020 78422000
Website:				www. colwinston. org.uk
Email Address:				colwinston. trust@ntlworld.	corn
Chairman:				Mathew Caradoc Thomas	Prichard CBE DL (Founder)
Trustees:				Mathew Caradoc Thomas	Prichard CBE DL (Chairman)
				Martin Patrick Tinney
				Sian Llinos Williams
				Lucinda Mary Prichard
				Rebecca Anne Evans CBE
Consultant	Director:			Mrs Amanda McMurray
Solicitors:				Geldards LLP
				4 Capital Quarter
				Tyndall Street
				Cardiff CF104BZ
Auditors:				Rawlinson 8 Hunter Audit	LLP
				Eighth Floor, 6 New Street	Square
				London EC4A 3AQ
Accountants:				Rawlinson &Hunter LLP
				Eighth Floor, 6 New Street	Square
				London EC4A 3AQ
Royalty Agent:				Adam Spiegel Productions First Floor, 11Garrick St	Limited
				London WC2E 9AR
Bankers:				Coutts &Co
				440 Strand
				London WC2R OQS
Tax District	8 Reference:			HMRC Charities - ref: XR	58235
VAT Registration		Number:		782 650706

					Unrestricted		Funds	Total	Total
					Income		Capital	2023	2022
			Note		6		F		E
Income from:
Royalties			2		1,124,959			1,124,959	440,568
Interest from bank deposits					10,084			10,084	135
Total income					1,135,043			1,135,043	440,703
Expenditure on:
Charitable activities			3		587,593			587,593	201,929
Total expenditure					587,593			587,593	201,929
Net income before	other
recognised (losses)					547,450			547,450	238,774
Fair value movement	of reversionary
interest			6				(43,172)	(43,172)	(18,627)
Net movement in funds					547,450		(43,172)	504,278	220,147
Reconciliation of Funds:
Total funds brought	forward	at
1 April 2022					238,774		950,705	1,189,479	969,332
Total funds carried	forward	at		E	786,224	5	907,533	k 1,693,757	E 1,189,479
31 March 2023

					Unrestricted	Unrestricted	Funds
				Note	2023		2022
					E		6
Fixed Assets:
Reversionary	interest	in 'The Mousetrap"	play	5/6	472,909		516,081
Current Assets:
Debtors				7	312,515		207,854
Cash at bank				8	1,623,107		1,008,805
					1,935,622		1,216,659
Liabilities:
Creditors - amounts		falling due within one	year	9	(493,242)		(211,149)
Net Current	Assets				1,442,380		1,005,510
Total Assets	less Current Liabilities				1,915,289		1,521,591
Creditors - amounts		falling due in more than one year		10	(221,532)		(332,112)
Total Net Assets					f 1,693,757	6 1,189,479
The funds ofthe charity:
Unrestricted	Capital	Funds			907,533		950,705
Unrestricted	Income	Funds			786,224		238,774
Total charity	funds				F 1,693,757		61,189.479

				2023	2022
Net Cash Flow from Operating	Activities
Net incoming resources				504,278	220,147
Less: Investment income				(10,084)	(135)
Net amortisation on fixed assets				43,172	18,627
Increase in debtors				(104,661)	(206,434)
Increase/(decrease) in creditors				171,513	(49,170)
Net cash generated from/(used	in) operating		activities	604,218	(16,965)
Cash flows from investing activities
Investment income				10,084	135
Net cash generated from investing		activities		10,084	135
Net increase/(decrease ) in cash for the year				F614,302	K (16,830)
Reconciliation of net cash flow	to movement		in net funds
Net cash resources at 1 April	2022			1,008,805	1,025,635
Increase/(decrease) in cash				614,302	(16,830)
Net cash resources at 31 March 2023				f 1,623,107	6 1,008,805
Analysis of net funds:
Cash at Bank				1,623,107	1,008,805
				F 1,623,107	8 1,008,805

FOR THE	FOR THE	YEAR ENDED 31	YEAR ENDED 31	YEAR ENDED 31	MARCH 2023
						2023	2022
CHARITABLE ACTIVITIES						F	F
Grants made to charitable	organisations:
Artes Mundi Prize Ltd						100,000
Agatha Christie Trust for Children						50,000
Opera Rara						45,000
National Dance Co Wales						40,000
Mid Wales Opera						30,000
Sinfonia Cymru						25,000
Aesop Arts &Society Limited						15,000
Artichoke Trust						15,000
North Wales International Music Festival						15,000
The Aloud Charity						15,000
Presteigne Festival of Music	and Art Limited					15,000
Opera Ventures						12,500
Mostyn Gallery						12,000
Canolfan Gerdd William Mathias (Wales			Intern	ational	Harp Festival)	10,475
National Opera Studio						10,000	10,000
Fishguard and West Wales International			Musi	c Festival		10,000
National Manuscripts Conservation		Trust				10,000
National Youth Orchestra of	Great	Britain				10,000
Peak Cymru						10,000
Agatha Christie Festival						7,500
Brecon Beacons Music Trust						7,500
Cowbridge Music Festival						7,500
Llandeilo Fawr Festival of Music						7,500
Sisterna Cymru - Codi'r To						6,000
Longborough Festival Opera						5,000	4,500
Penarth Chamber Music Festival						5,000
The National Botanic Garden	ofWales					5,000
Theatr Brycheiniog Cyf						5,000
Young Music Makers of Dyfed						5,000
Cosmic Music						5,000
Three Choirs Festival						4,000
Llandaff Cathedral Festival 2022						3,000
Royal Philharmonic Society						3,000
Go Live Theatre Projects (formerly		Mousetrap		Theatre	Projects)		40,000
Valleys Kids							30,000
Buxton International Festival							18,600
Benedetti Foundation							10,000
Hijinx Theatre							10,000
MusicFest Aberystwyth							10,000
Theatr na nOg							10,000
Afan Arts							7,000
UPROAR							6,000
Art UK (Public Catalogue Foundation)							5,000
Carmathen & District Youth Opera							5,000
Changing Tunes							5,000
Vale ofGlamorgan Festival							5,000
Balance carried forward						525,975	176,100

	NOTES TO THE FINANCIAL STATEMENTS	NOTES TO THE FINANCIAL STATEMENTS	NOTES TO THE FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2023
					2023		2022
3.	CHARITABLE ACTIVITIES	(continued)			E		F
	Grants made to charitable	organisations:
	(balance brought forward)				525,975		176,100
	Aberystwyth University						4,800
	Bangor New Music Festival						4,000
	NMC Recordings						4,000
	Grants made to charitable	organisations			525,975		188,900
	Finance income arising on new long term grant commitments				(10,968)		(27,888)
	Finance income written back on long term commitments				27,888		12,742
	Sub-total				542,895		173,754
	Support costs (note 4)				44,698		28,175
	Total charitable activities				587,593	F	201,929
4.	SUPPORT COSTS				2023		2022f
	Consultant director's remuneration and		expenses		20,600		15,600
	Accountancy and related administration		fees		11,988		10,290
	Auditor fees (governance cost)				12,000
	Bank charges				397		515
	Sundry expenses				200
	Reclaimed VAT on accountancy fees				(487)		(330)
	Independent examiner fees	(governance	cost)				2,100
				F	44,698	f	28,175

projected future	cashflows	f	rom the remainder ofthe royalty agreem	ent in place.
				2023		2022
DEBTORS
Adam Spiegel	Productions	Limited —tour royalties due		195,509
Adam Spiegel	Productions	Limited —London royalties due		109,416		179,396
Agatha Christie	Ltd - Curtain		royalties due	4,690		28,458
Interest receivable —money			market account	2,900
				312,515	8	207,854

						2023		2022
CASH AT BANK						8		8
Cash with Coutts 8 Co - on	current account					259,814		284,552
-on	reserve account					104,058		602,655
-on	money market		account			500,000
						863,872		887,207
Cash on client monies account with Rawlinson				8 Hunter	LLP	759,235		121,598
						8 1,623,107	8	1,008,805
						2023		2022
CREDITORS - Amounts falling due within one year						8		F.
Charitable commitments to:
Welsh National Opera Limited						180,000		65,000
Artes Mundi Prize Ltd						50,000
Agatha Christie Trust for	Children					25,000
Opera Rara						15,000
Sinfonia Cymru						12,500		12,500
Peak						10,000
Presteigne Festival of Music and Art Limited						10,000
Mid Wales Opera						10,000
Cosmic Music						5,000
Longborough Festival Opera						5,000
Royal Philharmonic Society						3,000
Go Live Theatre Projects	(formerly	Mousetra		p Theatre	Projects)			20,000
Hijinx Theatre								10,000
Musicfest Aberystwyth								10,000
Valleys Kids								10,000
Buxton International Festival								8,600
Royal Welsh College of Music 8 Drama								5,866
Vale ofGlamorgan Festival								5,000
Longborough Opera								4,500
Agatha Christie Festival								2,500
Charitable commitments	(balance)					325,500		153,966
HM Revenue &Customs - VAT						123,586		35,073
Mousetrap Charitable Trust	—miscredited		royalties			17,354
Accountancy and related administration		fees				10,302		17,610
Audit fees						12,000
Consultant director's fees and expenses						2,400		2,400
Independent examiner's fees						2,100		2,100
						F 493,242	E	211,149

			2023		2022
CREDITORS - Amounts	falling due in more than one year		E
Charitable commitments:
Welsh National Opera	Limited		170,985		332,112
Opera Rara			28,702
Sinfonia Cymru			12,136
Mid Wales Opera			9,709
		E	221,532	f	332,112

may ho	ld else	wh	ere is	not dep	endent on fu	nding fro	m charity.
									Commitments		Balance
Charity					Reg no.	Connected		Position	2023	2022	at
						Person					31.3.23
									8	9
The Aloud Charity					1147922	Rebecca	Evans	(1)see below	15,000
Forget-me-not		Chorus			1151812	Rebecca	Evans	(1)see below
Penarth	Chamber		Music	Festival	1195835	Rebecca	Evans	(2)see below	5,000
Agatha	Christie	Festival		Ltd	09245332	Mathew	Prichard	Director	7,500

UND RE	CON	CILIA	TION
					Balance at				Balance at
					1 April			Gains/	31 March
					2022	Income	Expenditure	(losses)	2023
					E		f.	E
Unrestricted		Funds:
Capital Fund					950,705			(43,172)	907,533
Income Fund					238,774	1,135,043	(587,593)		786,224
Total Funds				f	1,189,479	f 1,135,043	f (587,593)	E(43,172)	f1,693,757
					Balance at				Balance at
					1 April			Gains/	31 March
					2021 6	Income	Expenditure 6	(losses) f.	2022
Unrestricted		Funds:
Capital Fund					969,332			(18,627)	950,705
Income Fund						440,703	(201,929)		238,774
Total Funds					f 969,332	f440,703	f (201,929)	f (18,627)	f 1,189,479
ANALYSIS OF NET ASSETS					BETWEEN FUNDS
							Income	Capital	Total
2023							Fund	Fundf	2023
Intangible	assets							472,909	472,909
Debtors							312,515		312,515
Cash							1,188,483	434,624	1,623,107
Creditors	(amounts		due	within	1 year)		(493,242)		(493,242)
Creditors	(amounts		due	in more than 1 year)			(221,532)		(221,532)
Total Funds							K 786,224	f 907,533	f.1,693,757
							Income	Capital	Total
							Fund	Fund	2022
2022							8	8
Intangible	assets							516,081	516,081
Debtors							207,854		207,854
Cash							574,181	434,624	1,008,805
Creditors	(amounts		due	within	1 year)		(211,149)		(211,149)
Creditors	(amounts		due	in more than 1 year)			(332,112)		(332,112)
Total Funds							f 238,774	f 950,705	f1,189,479

FINANCIAL INSTRUMENTS								2023	2022f
The carry amounts ofthe charity's		financial		instruments		are as follows:
Financial assets
Measured at fair value through	SOFA:
- Intangible fixed asset reversionary			interest					472,909	516,081
- Cash at bank								1,623,107	1,008,805
Measured at amortised cost:
- Debtors								312,515	207,854
Financial liabilities
Measured at amortised cost
- Accruals and other creditors								44,156	22,110
The income, expenses, net	gains		and	net	losses	attributable	to the
charity's financial instruments	are summarised				as follows:
income and expense
Measured at fair value through	SOFA:
Change in fair value of reversionary			interest					(43,172)	(18,627)