## ## ## ## |Contents|| |---|---| ||Page| |Charity Reference and Administrative Details|1| |Trustees' Annual Report|2| |lndependent Auditor's Report|| |Statement of Financial Aciivities|I| |Balance Sheet|10| |Statement of Cash Flows|11| |Notesto the Financial Statements|| ## ## ## |Charity registration number|1062836| |---|---| |Trustees|MrWJFMalings| ||MrCJ Edgerton| ||MrICatling| ||Mr M SWood| ||Mr SJ Oliver| ||Mr BM Bennett(Relned2910912022)| |Administrator|Mrs C R Perry| |DeputyAdministrator|l\,4rsSJ Goddard| |Regasteredoflice|32 Chipstead Station Parade| ||Chipstead, Surrey| ||CR5 3TF| |Auditor|Nichols&Co (Accountancy)Ltd| ||Unit7Mulberry Place, PinnellRoad| ||Eltham, London| ||SEg 6AR| |Solicitor|gunnercookeLLP
lCornhill| ||London| ||EC3V3ND| |Bankers|Lloyds Bank Plc| ||64 High Street| ||Epsom, Surrey| ||KT19 8AT| |lnvestmentmanagerS|Barclays Bank UKPLC| ||1Churchill Place| ||London| ||E14 sHP| |PropertyAdvisers|Huggins, Edwards&SharpLLP| ||Apex House| ||10West Street| ||Epsom, Surrey| ||KT18 7RG| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## The Humphrey Richardson Taylor Charitable Trust ## Independent Auditor's Report ## Year Ended 31 December 2022 > Because ofthe inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This > risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of noncompliance. The risk is also greater regarding irregularities occurring due to[fraud] rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. > A further description of our responsibilities is available on the Financial Reporting Council's website at: https:[//wwaw] fro.org.uk/Our-Work/Audit/Audit-and-assurance/Stan $ juidance/Standards-andaudit.espx. This description forms part of our auditor's report. ## Use of our report > This report is made solely to the Charity’s Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations[2008.] Our audit work has been undertaken so that we might state to the Charity’s Trustees those matters we are required to state to them[in] an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity and the Charity’s Trustees as a body, for our audit work, for this report, or for the opinions we have[formed.] **----- Start of picture text -----**
NWdha A Chesney ) tad (4/022 |
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Nichols[&] Co (Accountancy) Ltd Chartered Accountants and Statutory Auditors Unit 7 Mulberry Place, Pinnell Road Eltham, London SES 6AR ## ## ## |||Unresrid€dRestdctedEndownent|Unresrid€dRestdctedEndownent|Unresrid€dRestdctedEndownent|
2022|2021| |---|---|---|---|---|---|---| |||Flnds
Funds
€TLL||Funds|Total|Total
e| |lncome and endowrnentsfrom:||||||| |lnvestments||522,532|||522,532|
711,820| |Totalincome andendowments||522.532|||522,532|
711.820| |Expenditure on:||||||| |Raising funds||,732||-|u,732|54,737| |Charitable activities|4|612,340||-|612,UO|420,778| |Other||60,388||-|60,388|55,910| |Totalexpenditure||727.460|||727.460|531,425| |Net(expenditure)/incomebefore||(204,928)||(2U,928)||180,395| |inYestments||||||| |Net(lossesygainsoninvestments||(608,171)||(608,171)||(3,294,597)| |Net(expenditure)rincome||(813,099)||(813,099)||(3,114,2021| |Transfersbetweenfunds||||||| |Otherrecognisedgainsr(losses)||||||| |Netmovement infunds||(813,099)||(813,099)||13,114,202'| |Reconciliationoffunds:||||||| |Total funds brought forward||12,405,120||12,405,120||15,519,322| |Totalfundscarriedforx/ard||11,592,021||11,592,021||12A05j20| ## ## ## |||2022t|2021
€| |---|---|---|---| |Fixed assets|||| |Tangible assets|12||| |lnvestments|'t3|11,573,861|12,O95,922| |||11573361|1ZOg/s,9n| |Current assets|||| |Debtors|14|29,447|122,460| |lnvestments|'15|'10,332|13,O32| |Cash at bank and inhand||449,'t49|564,486| |||528,968|699,978| |CreditoF:amountsfallingduewlihlnoneyear|16|510,808|390,780| |Netcurrentassets||18,160|309,198| |Total assets lesscurrent liabilities||11,592,021|12,405,120| |Provisions for liabilities|||| |Netassets||11,592,021|12,405,120| |CharityFunds|||| |Unrestricted funds||11,592,021|12,405,120| |TotalCharity Funds||11,592,021|'t2AO5iO| ## ## ## |||2022|2021| |---|---|---|---| ||Note|€|E| |Cashflow from operating activities|18|(567,06E)|(518,551)| |lnterest paid|||| |Netcashflow fromoperatingactivitles||Eqzpqq)|--r@| |Cashflow from investing activities|||| |Payments to acquire investments||(100,000)|| |Receipts from sales of investments||13,890|18,469| |lnterest received||4,952|4,531| |Oividends and bond income received||158,200|139,625| |Rents receivedfrominvestmentpropefties||41'1,989|450,510| |Netcashflow from investing activities||489,031|
613,135| |Cashflow trom financing actlvities|||| |lnterest paid|||| |Netcashflow from financing activities|||| |Net(decrease)fincreaseincash and cashequivalents||(78,O37\|,5U| |Cashand cashequivalenGat'lJanuary||577,518|482,9U| |Cashand cashequivalentsat31December||499,481|577,518| |Cashand cashequivalents consistsof:|||| |Cash at bank and in hand
Cash heldbyinvestment adviser||489,149
10,332|564,486
13,032| |Cashand cashequivalenGat3lD€cember||499,481|
577,518| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |lncomefrom investments|||| |---|---|---|---| ||2022t||2021
e| |Dividends and bond income|158,200|139,625|| |lnterest - deposits|549||144| |Compensation income|'1,'t84||4,340| |Rental income|362,036||| |Other income|563||43| ||522,532|71|
"1,82A| ## ## ## |lnvestmentmanagementco|sts|||| |---|---|---|---|---| ||||2022
f|2021t| |lnvestment managerfees
lnvestmentpropertycosts
Professional fees investment|properties||16,196
3,444
6,154|16,843
600| |Property agents commission|||28,538|34,903| ||||54,732|-5!13?| |Analysisofexpenditureon|charitable activities|||| ||||2022|2021| ||t|L|Total
L|Totall| |lndividuals
Schools
Partner Organisations
Societies|i8,932
326,865
111,488
95,055||78,932
326,865
111488
95,055|59,559
223,637
68,500
69,082| ||612,340||612.340|420.778| ## |Allocationofsupport costs|||| |---|---|---|---| |||2022t|2021
€| |Governance
Staff costs
Office costs(incl- rent)|6
11|12,627
33,750
14,011|9,366
32,000
14,544| |||0!,3q8|E1o| ## ## ## ## |Govelnance costs|||| |---|---|---|---| |||2022|2021| |||e|e| |Trustee expenses
Auditor's remuneration|10I|3,516
8,200|919
7,600| |lndemnity insurance for Trustees and employees||911|u7| |||12,627|9,366| ## |Analysisofgrants|||||| |---|---|---|---|---|---| |||||Granrsro|2022| |||||sodetiesTotal|| ||e|e|f|LE|| |Capitalprojects
Concerts||100,000|22.739|3,875
91,180|103,875
113,91S| |Tuition fees|27,O52|150,050|7,850|-|144,952| |Bursaries/Scholarships|28,410|5,000|75,550|-|108,960| |lnstrument&equipment purchases|23,470|71,815|5,349|-|100,634| ||78,932|326,865|111,488|95,055|612,340| |ecipients ofgrants:||||| |---|---|---|---|---| ||Unrestricted
Funds
EI|Restricted

Funds|Total
2022
E|Total
2021I| |Grantsto lnstitutions||||| |Capitalprojects||||| |Brockham Choral|3,875||3,875|| |Carshalton Boys Sports College|100,000||100,000|| ||103,875||103,875|| ## ## ## |totheFinancialStatements
Ended 3'l December2022||||| |---|---|---|---|---| ||UnrestrictedRestricted
Funds
Funds||Total
2022|Total
2021| ||.c||LT|| |Concefts
Banstead Arts Festival
Banstead Musical Society
Baseless Fabric Theatre
Bookham Choral Society
Brockham Chorai Society
Burgess Hill Choral Society
Burgess Hill Symphony Orchestra
Chantry Singers
Children's Concerts
Cirrus Academy Trust
Croydon Bach Choir
CroydonSymphonYOrchestra
Dorking Chamber Orchestra
Dorking Choral Society
Dorking Philharmonia
Egham & DistrictMusic Club
Egham Choral
ELOC|4,000
4,000
2,500
2,500
3,500
4,500
1,500
3,000
2,OOO
2,000
2.000
3,000
500
3,000
2,000||4,000
4,000
2,500-
2,500
3,500
4,500
1,500
3,000-
2,OOO
2,000
-
2,000
3,000
500
3,000
2,000|3,000
3,000
2,000
3,000
5,000
1,500
1,U5
2,000
1,500
3,000
2,000
3,000| |English Arts Chorale
Epsom Chamber Choir
Erato Society
Farnborough Symphony Orchestra
Farnham & Bourne Choral|1,000
2,000
500
2,AOO||1,000-
2,000
500
2,800|r,000| |Guildford Chamber Choir
Guildford Music Society
Guildfordopera
HillSingers
Holmbury St Mary ChoralSociety
Horsley Choral
lmagineThatProductions
Kingston Orpheus Choir
KangstonChoral
Leatherhead Choral Society
Oakleaf Enterpnse-EveryoneChoir
Redhill&Reigate|3,000
5,000
3,000
1,000
4,630
3,000
2,500
2,000
1,000
1,000||3,000-
5,000
3,000
1,000-
4,630
3,000
2,500
2,000
1,000
1,000|3,000
5,000
2,000
3,070
2,000
1,000
2,000| |Music & Drama Festival
Redhill Sinfonia|3,000||3,000|3,000| |Reigate&Redhill ChoralSociety
Surrey HeathSingers
Surrey Opera
Surrey Philharmonic Society
Sussex Chorus
Sutton Music Festival|2,000
2,000
3,000
2,000
2,000
3,500||2,000
2,000
3,000
2,000
2,000
3,500|1,500
2,000
3,500| |Sutton Music Service
Sutton Symphony Orchestra
Vaughan Williams Singers
Wimbledon Chamber Choir|11,239
3,000
2,000
1,750||11,239
3,000
2,000
1,750|3,000
1,000| ## ## ## |Ended3'lDecember2022||||| |---|---|---|---|---| ||UnrestrictedRestricted
Funds
Funds
€e||Total
2022
tf|Total
2021| |\Mmbledon Symphony Orchestra|1,000||1,000|| |Woking Symphony Orchestra
YESPA|2,000
3,000
113,919|-
-|2,000
3,000
113,919|
-
63,615| |Tuitionfees||||| |Abbey Primary|1,884||1,884|| |All Saints Primary
Ark Blake Academy
BurgessHillAcademy
Carshalton Boys Sports College
Dorchester Primary School|13,732
13,000
6,618
6,480
2,166||13,732
13,000
6,618
6,480
2,166|15,510
1,634
6,4',13
2,300| |English National Opera|||-|2,500| |Glebelands School
Glenthorne High School
GreenWrythe Primary
Harris AcademyWmbledon|27,OOO
4.400
12,000||-
27,000
4,400
12.000|5,092
24,7't3
4,400
6,500| |Howard of Effingham
Linden Bridge School
Minster Junior|684
3,277
8,276||684
3,277
8.276|5,040
8,960| |Oasis Academy Shirley
Overton Grange School
Reigate School|1,225
7,265
8,559||7.265
8,559|8,090
5,395| |Riverview Primary
Robin Hood Junior School
Rushy Meadow Primary|1,282
5,738
7,681||1,282
5,738
7,681|2,350
7,681| |Sandcross School
Shirley High School|2,280
5,531||2,2AO
5,531|7,440| |StGeorge's Primary|4,487||4.487|| |Sutton Music Service|7,850||7.850|| |Tolworth Girls|6,422||6,422|| |Wallington Primary
Woodmansterne Primary School|1,050
(987)
'157,900|-|1.050
(987)1,68e
157,900115,707|| |Bursaies/Scholarships||||| |NYCGB
NYO|2,050
6,000||2,050
6,000|3,000| |Soulhbank Sinfonia
RCM|9,000
38,000||9,000
38,000|36,500| |ENO|2,500||2,500|| |Yehudi Menuhin
University of Surrey|5,000
18,000||5,000
18,000|'18,000| ## ## ## |Ended31December 2022||||| |---|---|---|---|---| ||Unrestricted
Funds
fl|Restricted

Funds|Tolal
2022i|Total
2021
€| |lnstrument and equipment purchases||||| |Blenheim High School||||1,800| |BurgessHillAcademy|(1,4s2)||(1,452)|1,985| |Collyers College|1,622-||1,622|| |Coombe Girls School||||6,000| |Grey Court School|13,952||13.952|42,500| |Hackbridge Primary|661||661|| |Harris AcademyWmbledon|865||865|5.100| |Hollyfield School
Holmesdale lnfants|9,981||9,981|,ri| |Howard of Effingham|529||629|| |Meath Choir||||504| |Merstham Park School|fi,28;||,r,ru)|| |Minster Junior School||||a,oua| |Nightingale Academy|1,750||1,750|| |Oaks Park High School
Reigate School|1,324||1,328|,r*:| |Richmond MusicTrust|5,349||5,349|| |Riddlesdown College|24,420||24,420|| |Robin Hood lnfant School|358||358|| |Rushy Meadorfl Primary
Sherwood Park School|"r,||"t|4,000| |StAndrews School||||5,000| |Sutton Grammar||||29,500| |Tadworth Church||||10,000| |VaughanWlliamsSingers||||8| |Wallace Fields Junior School||||417| ||77,1U||77,1U|124,397| |Total grantsto institutions|||533.408|361,219| |Grantstoindivlduals||||| |Bursaries
lnstrument purchases|24,410
23,470||28,410
23,470|44,898
14,661| |Tuition fees and scholarships|27,052||27.052|| |Total grantstoindividuals|78,932|||| |Totalgrantspaid||||| ## ## ## ## ## ## |The reimbursementofTruste|es' expenses wasasfollows:|||| |---|---|---|---|---| ||2022
Number|2021
Number|2022

e|2021
e| |Travel
Other|5
6|3
2|1,072
2,444|165
754| ||||3,5't6|919| ## |Staffcostsand employeebenelits||| |---|---|---| ||2022
e|2021I| |Wages and salaries|33,750|32,000| ## ## ## ## ## |Fixed assetinvestments|||||| |---|---|---|---|---|---| ||Lisred||Prcperv||Total| ||||lnvestmenls||| ||r|f|I||E| |Costorvaluation|||||| |Al1January 2022|5,775.922|20 000|6300 000||12,O95,922| |Additions|100,000||||100,000| |Disposals|(12,500)||||(12,500)| |Revaluation|(609,561)|:|I|.|
pqe,sqr)| |At 31 December 2022|5,253,861|20,000|6,300,000||'11,573,E61| |lmpairment|||||| |Al'lJanuary2022|||||| |Writtenoff|||||| |Eliminated on disposals|||||| |At 31 December 2022|||||| |Carryingamount:|||||| |At 31 December 2022|c,zcJ,oor|20,000|6,300,000||'11,573,861| |At 31 December2021|5,775,922|20,000|6,300,000||12,O95,922| |lnvestmentsatfair value comprise:||| |---|---|---| ||2022|2021| ||e|I| |Listed equities|5,253,861|5,775,922| |Unlisted investments|20.000|20,000| |Property investments|6,300,000|6,300,000| ||11"5?3€61|'t2,o95,922| ## ## ## ## ||Debtors||| |---|---|---|---| |||2022,|2021
e| ||Rent deposits|1,875|1,875| ||Accrued income|27,314|117,145| ||Other debtors|294|3,400| |||29,447|122A60| ||All debtors fall due withinoneyear.||| |15|Current assetinvestmonts||| |||2022t|2021
e| ||Cash held by investment managers|10,332|
13,032| |||10,332|
13,032| ## ## ## ## |Creditors:amountsfallingduewithinone year||| |---|---|---| ||2022|2021| ||e|E| |Other tax and social security|465|| |Other creditors|'160,443|160,361| |Accruals for grantspayable|337,332|171,156| |Accrued expenses|12,568|18,8't0| |Prepaid income||40,000| ||sril,abs|390,780| ## |Accruedfunding commitments||| |---|---|---| ||UnderIy€arOv.r1year
!l|Totalt| |Al1January 2022|'t7't,156|171,156| |Additions during the year chargedtoincome|612,340|612,340| |Amounts paid during theyear|(446,164)|(446,164)| |At 31 December 2022||337,332| |Reconciliationof net expenditurotonet cashflow from operating activities||| ||,i),|2021| ||L|e| |Net (expenditure)i incomeforyear|(813,099)|(3,114,202\| |Dividends and bond income received|(158,200)|(139,625)| |Rentreceived ftom investment properties|(411,989)|(450,510)| |lnterest receivable|(4,9s2)|(4,531)| |Losses/(gains) on investments|609,561|3,297,334| |(Profit)/loss on disposaloffixed asset investments|(1,390)|(2,737\| |Decrease/(increase) in debtors|92,973|(116,168)| |lncreasd(decrease)increditors|120,O28|11,888| |Net cash flow from operating activities|/567068\|1518551\| ## ## ## ## ##