| unreslricted ResLiciedEndowmeht | unreslricted ResLiciedEndowmeht | unreslricted ResLiciedEndowmeht | 2021 | 2020 | ||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Total | Total | ||
| LTL | € | E | ||||
| lncome and endowmentsfrom: | ||||||
| lnvestments | 711,820 | 711,820 | 455,830 | |||
| Totalincome andendowments | 711,820 | - | 711,820 | 455330 | ||
| Expenditureon: | ||||||
| Raising funds | 3 | 54,737 | - | 54,737 | 37,307 | |
| Charitable activities | 4 | 420,778 | - | 420,778 | 317,777 | |
| Other | 5 | 55,910 | - | 55,910 | 55,710 | |
| Total expenditure | 531,425 | - | 531,425 | 410,r94 | ||
| Netincome(expenditure) | 180,395 | 180,395 | 45,036 | |||
| beforeinvestments | ||||||
| Net(losses)/gains on | (3,294,597) | - | (3,294,597) | (77,794) | ||
| investments | ||||||
| Net(expenditureYincome | (3.1u2o2) | - |
- | (3J142o4 | (sz?58) | |
| Transfersbetweenfunds | ||||||
| OtherrecogisEdgains/(losso3) | ||||||
| Net movementinfunds | (3,1'14,2O2| | - | (3,114,202) | (32,?s8) | ||
| Reconcillationoffunds: | ||||||
| Total funds broughtforurard | 15,5'19,322 | - | 15,519,322 | '15,552,080 | ||
| Tolal fundscariedforward | '12,405,'t20 | 12,405,120 | 1s,519,322 |
| 2021I | 2020 € |
||
|---|---|---|---|
| Fixed assets | |||
| Tangible assets | 12 | ||
| lnvestments | 13 | 12,Og5,g2; | 15,408,98; |
| 12,O95,922 | 15,408,988 | ||
| Current assets | |||
| Debtors | 14 | 122,460 | 6,292 |
| lnvestments | 15 | '13,032 | 11,038 |
| Cash at bank and in hand | 564,486 | 471,896 | |
| 699,978 | 489,226 | ||
| Credito.s:amountslallingduewithinoneyear | 16 | 390,780 | 378,892 |
| Netcurrentassets | 309,198 | 110334 | |
| Total assets lesscurlent liabilities | 12,405,120 | 1:r.515322 | |
| Provialonsfor liabilities | |||
| Netassets | 12,405,120 | 15,519,322 | |
| CharityFunds | |||
| Unrestricted funds | 12,405,120 | 15,519,322 | |
| TotalCharityFunds | 12,405,120 | 15,519,322 |
| Nole | 2021f | 2020 e |
|
|---|---|---|---|
| Cashflow from operating activities | 1E | (518,5s1) | (390,666) |
| lnterest paid | |||
| Netcashflow from operating activities | (518,551) | (390,666) | |
| Cashflow from investing activities | |||
| Payments to acquire investments | |||
| Receipts from sales of investments | 18,46; | 13,S7; | |
| lnterest received | 4,531 | 604 | |
| Dividends and bond income received | 139,625 | 145,466 | |
| Rents receivedfrominvestment properties | 450,510 | 309,760 | |
| Netcashflow from invqsting activities | 613J35 | 469,708 | |
| Cashflowfromfinancing activities | |||
| lnterestpaid | |||
| Netcashflowfromfinancing activities | |||
| Netincrease(decrease)in cash and cashequivalents | 94,584 | 79,042 | |
| Cash and cashequivalentsat{January | 482,934 | 403,892 | |
| Cashand cashequivalentsat31December | 577,518 | 482,934 | |
| Cash and cashequivalents consistsof: | |||
| Cash at bank and in hand | 564,486 | 471,896 | |
| Cash held by investment adviser | 13,032 | 11,038 | |
| Cash and cashequivalentsat3,December | 577,518 | 482,934 |
| lncomefrom investments | ||
|---|---|---|
| 2021 | 2020 | |
| € | ||
| Dividends and bond income | 139,62s | 145,466 |
| lnteresi-deposits | 148 | 604 |
| Compensation interest | 4,340 | |
| Rental income | 567,664 | 309,760 |
| Other income | ||
| 711,820 | 455,830 |
| lnvestmentmanagementcosts | ||
|---|---|---|
| lnvestment manager fees | 2021 e |
2020I |
| lnvestment manager fees | '16,843 | 14,682 |
| lnvestment property costs | 2,391 | 2,392 |
| Professional fees investment properties | 600 | |
| Property agents commission | 34,903 | 20,233 |
| 54,737 | 37,307 |
| Grahtfunding | 2021 | 2020 | |||
|---|---|---|---|---|---|
| Total | Total | ||||
| E | E | E | E | ||
| lndividuals | 59,559 | 59,559 | 29,065 | ||
| Schools | 223,637 | 223,637 | '16'1,060 | ||
| Partner Organisations | 68,500 | 68,500 | 76,660 | ||
| Societies | 69,082 | 69,082 | 50,992 | ||
| 420,77A | 420,77A | 317,777 | |||
| Allocationofsupport costs | |||||
| 2021t | 2420 e |
||||
| Governance | 6 | 9,366 | 10,745 | ||
| Staff costs | 11 | 32,000 | 30,500 | ||
| Office costs (incl. rent) | 14,544 | 't4,465 | |||
| 55,910 | 55,710 |
| Governancecosts | |||
|---|---|---|---|
| 2021 | 2020 | ||
| e | |||
| Trustee expenses Auditor's remuneration |
10I | 919 7,600 |
't,018 8,880 |
| lndemnity insurance for Trustees and employees | a47 | 847 | |
| 9,366 | 10,745 |
| Analysis ofgrants | ||||
|---|---|---|---|---|
| Grantsto 2021 |
||||
| I | E | f | Soclelis Total ef |
|
| Capital projects Concerts |
1,545 | 8,500 | 53,57063,61s | |
| Tuition fees | 113,207 | 2,500 | - 115,707 |
|
| Bursaries/Scholarships lnstrumenl&equipmentpurchases |
44,89; '14,661 |
'108,8E5 | 57,500 | - 102,398 15,512t39,058 |
| 59,559 | 223,637 | 68,500 | 69,442420,778 |
| ecipientsofgrants: | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | Tota! | |
| Funds EE |
Funds |
2021 E |
2020I | |
| Gmntsto lnstitullons | ||||
| Capitalproiects | ||||
| Carshalton Boys Sports College | ||||
| Pyrford CofE Primary | ||||
| Reigate School | (5o,oo;) | |||
| Wilsons School | 50,000 |
| Ended31December2021 | |||||
|---|---|---|---|---|---|
| Unrestricted Fundsr |
Restricted Funds E |
Total 2021 ee |
Total 2020 |
||
| Concefts Banstead Arts Festival BansteadlvlusicalSociety Bookham Choral Society |
3,000 3,000 2,OOO |
3,000 3,000 2,000 |
6,500 5,000 2,000 |
||
| Brockham Choral Society | 3,000 | 3,000 | |||
| Burgess Hill Choral Society Burgess Hill Symphony Orchestra Chantry Singers |
5,000 1,500 |
5,000- 1,500 |
3,000 1,500 |
||
| Cirrus Academy Trust Creative Youth Croydon Bach Choir Croydon Symphony Orchestra |
1,545 2.000 1,500 |
'1,545- 2,000 1,500 |
2,000 2,000 1,000 |
||
| Dorking Chamber Orchestra | 3,000 | 3,000 | |||
| Dorking Choral Society | 2,000 | 2,000 | |||
| Dorking Philharmonia Egham & Oistrict Music Club Epsom Chamber Choir Epsom Light Opera Company |
3,000 1,000 |
3,000- '1,000 - |
500 ,1,000 |
||
| Guildford Music Society | 3,OO; | 3,000 | |||
| Guildford Opera Holmbury St Mary Choral Society |
5,000 | 5,000- | 2,000 | ||
| Horsley Choral | 2,000 | 2,000 | |||
| lmagine That Productions Kingston Orpheus Choir |
3,070 | 3,070- | 1,500 | ||
| Kingston Philharmonia Orchestra | - | 1,000 | |||
| Kingston Third Age Orchestra Leatherhead Choral Society |
2,00; | - 2,000 |
850 2,000 |
||
| Meath Choir | - | 2,500 | |||
| NewSPAL oakleafEnterprise-Everyone Choir |
1,000 | - 1,000 |
3,500 1,000 |
||
| Reigate and Redhill | 2,000 | 2,000 | |||
| Music & DramaFestival | |||||
| Redhill Sinfonia | 3,000 | 3,000 | 1,000 | ||
| Surbiton Symphony Orchestra | 1,500 | ||||
| Surrey HeathSingers | 1,500 | 1,500 | 2,500 | ||
| 5urrey Opera Surrey Philharmonic Society |
2,000 | 2,000 | 3,000 1,000 |
||
| Sutton Music Festival | 3,500 | 3,500 | |||
| Sutton Symphony Orchestra | 3,000 | 3,000 | |||
| Twickenham Choral | - | 1,000 | |||
| VaughanWlliamsSingers Wimbledon Symphony Orchestra |
1,000 | 1,000- | 1,500 | ||
| YESPA | 63,615 | - | - 63,615 |
3,000 !3,350 |
| Ended3'lDecember2021 | ||||
|---|---|---|---|---|
| Unrestricted Funds EE |
Restricted Funds |
Total 2021 LL |
Total 2020 |
|
| Tuition fees | ||||
| Ark Blake Academy BurgessHillAcademy Carshalton Boys Sports College Dorchester Primary School |
15,510 1,634 6,413 2,300 |
15,510 1,634 6,413 2,300 |
3,515 6,270 2,000 |
|
| English National Opera | 2,500 | 2,500 | ||
| clebelandsSchool Glenthorne High School Green Wrythe Primary |
5,092 24,713 4,400 |
5,092 24,713 4,400 |
25,000 3.300 |
|
| Guildford Cathedral Choir Harris Academy Wimbledon Linden Bridge School Minster Junior |
6,500 5,040 8,960 |
- 6,500 5,M0 8,960 |
4,410 426 4,900 5,000 |
|
| National Youth Choir ofGB | _ | 2,250 | ||
| National Youth Orchestra Overton Grange School Reigate School Robin Hood Junior School |
8.090 5,395 2,350 |
- 8,090 5,395 2.350 |
3,000 10,635 3,563 1,273 |
|
| Royal CollegeofMusic Rushy Meadow Primary Shirley High School |
7.681 7,440 |
- 7,68'1 7,440 |
36,500 3,000 6,820 |
|
| Southbank Sinfonia Woodmansterne Primary School |
1,689 115,707 |
- - |
- 1,589 115,707 |
9,000 (1E2\ 130,680 |
| Bursarr-eslschoiarsh/ps | ||||
| NYO | 3,000 | 3,000 | ||
| RCM University ofSurEy |
36,500 18,000 57,500 |
36,500 18,000 57,500 |
18,000 18,000 |
| Unrestricted Funds ,L |
Restricted Funds |
Total 2021r |
Total 2020t |
|
|---|---|---|---|---|
| lnstrumenl and equipment purchases | ||||
| Blenheim High School | 1,800 | 1,800 | ||
| BurgessHillAcademy | 1,985 | 1,985 | ||
| Carshalton Boys Sports College | (1,313) | |||
| Collyers College | 1,289 | 1,289 | ||
| Coombe Girls School | 6,000 | 6,000 | ||
| Efiingham Learning Partnership | - | 3,612 | ||
| Fullbrook School | - | 684 | ||
| Glebelands School | _ | 4,500 | ||
| Greenshaw School | - | 4,475 | ||
| Grey Court School Harris Academy Wimbledon |
42,500 5,100 |
42,500 5,100 |
4,450 | |
| Hollyfield School | - | 34,000 | ||
| Holmesdale lnfants | 426 | 826 | ||
| l\ileathChoir | 504 | 504 | - | |
| Minster Junior School | 4,468 | 4,468 | 1,749 | |
| Overton Grange School | 400 | |||
| Reigate School | 11,000 | 11,000 | ||
| Rushy Meadow Primary | 435 | |||
| Sherwood Park School | 4,00; | 4,00; | ||
| StAndrev/s School | 5,000 | 5,000 | - | |
| Sutton Grammar | 29,500 | 29,500 | ||
| Tadworth Church | 10,000 | 10,000 | ||
| Tiffin Girls School | 30,60; | |||
| Vaughan Williams Singers | 8 | 8 | 1,'t42 | |
| Wallace Fields Junior School | 417 | 417 | ||
| 124,397 | 124,397 | 86,682 | ||
| Total grantsto instltutions | 36't,2'19 | 36't,219 288,712 |
||
| Grantstoindividuals | ||||
| Bursaries lnstrument purchases |
44,898 14,66'1 |
44,898 '14,66'1 |
12,700 13,865 |
|
| Tuition fees and scholarships | - | 2,500 | ||
| Total grantstoindividuals | 59,559 | 59,559 | 29,065 | |
| Totalgrantspaid | 420,774 | 420,774317,777 |
| Netincome/ | (expend | iture) is stated after charging/(crediling): | ||
|---|---|---|---|---|
| 2021 te |
2020 | |||
| (Proflt)/loss Loss/(profit) |
on sale onfair |
of investments value movement of inveslments |
(2,737\ 3,297,334 |
72 77,722 |
| The reimbursementofTruste | es'expenseswasasfollows: | |||
|---|---|---|---|---|
| 2021 Number |
2020 Number |
2021 f |
2020 e |
|
| Travel | 3 | 6 | 165 | 315 |
| Other | 2 | 754 | 703 | |
| 919 | 1,018 |
| Staffcostsand employee beneflts | ||
|---|---|---|
| 2021r | 2020 € |
|
| Wages and salaries | 32,000 | 30,500 |
| Flxed assetinvestments | ||||
|---|---|---|---|---|
| Usted | Total | |||
| E | e | e | E | |
| Costorvaluation | ||||
| At1 January 2021 | 5,288,988 | 20,000 | 10,100,000 | 15,408,988 |
| Additions | ||||
| Disposals | (15,7321 | (15.732't | ||
| Revaluation | 502,666 | (3,800,000) | (3,297,334) | |
| At 31 December2021 | 5,775.922 | 20,000 | 6,300,000 | 12,O95,922 |
| lmpairment | ||||
| At1January202'1 | ||||
| Writtenoff | ||||
| Eliminated on disposals | ||||
| At 31 December2021 | ||||
| Carrying amount: At 31 December2021 |
5,775,922 | 20,000 | 6,300,000 | 12,095,922 |
| At 31 December 2020 | 5,288,988 | 20,000 | 10,100,000 | 15,408,988 |
| lnvestmentsatfair value comprise: | ||
|---|---|---|
| 2021 | 2020 | |
| I | c | |
| Listed equities | 5,775,922 | 5,288,988 |
| Unlisted investments | 20,000 | 20,000 |
| Property investments | 6,300,000 | 10,100,000 |
| 12,O95,922 | 15,408,988 |
| Debtors | ||
|---|---|---|
| 2021 | 2020 | |
| E | ||
| Rentdeposits | 1,875 | 1,875 |
| Accrued income | 117,'185 | 3,881 |
| Other debtors | 3,400 | s36 |
| 1P2t46O | 6,292 | |
| All debtors fall due within oneyear- |
| Current assotinvostments | ||
|---|---|---|
| 2021t | 2020 e |
|
| Cash held by investment managers | 't3,o32 | 11,038 |
| IS.032 | 11.038 |
| Creditors:amountsfallingduewithinone year | ||
|---|---|---|
| 202'lr | 2020 f |
|
| Other tax and social security | 453 | 420 |
| Other creditors | 160,361 | 160,345 |
| Accruals for grants payable | 171,156 | 204,954 |
| Accrued expenses | 18,810 | 13,173 |
| Prepaid income | 40,000 | |
| 390,780 | 378,892 |
| Accruedfunding commitments | |||
|---|---|---|---|
| Under1year ee |
Overlyear | Totalf | |
| AllJanuary 2021 | 204,954 | 204,954 | |
| Additions during the year chargedtoincome | 420,778 | 42A,778 | |
| Amounts paid during theyear | (4s4,576) | (454,576) | |
| Al31 December2021 | 171,156 | 171,156 |
| Reconciliation ofnet expendituretonet cashflow from | operating activities | |
|---|---|---|
| 2021r | 2020t | |
| Net (expenditure)/income for year | (3,114,2O2|(32,758) | |
| Dividends and bond income received | (139,625) | (145,466) |
| Rent received from investment properties | (450,510) | (309,760) |
| lnterest receivable | (4,531) | (604) |
| Losses(gains)on investments | 3,297,334 | 77,722 |
| (Prolit)/loss on disposalofflxed asset investments | (2,737) | 72 |
| Decrease/(increase) in debtors | (116,168) | 4,346 |
| lncrease/(decrease) in creditors | '11,888 | 15,782 |
| Netcash flow from operating activities | (518"551) | (390.666) |