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|||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|
##
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##
|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)|
##
##
##
##
##