# |Contents||||| |---|---|---|---|---| |||||Pages| |Reference and Administrative||Details||| |Trustee's Report||||| |Independent
Auditors'|Report|||17| |Statement of Financial|Activities|||22| |Balance Sheet||||23| |Summary
Income and|Expenditure||Account|24| |Statement ofCash Flows||||| |Notes to the Financial|Statements|||26| |Reference and|Reference and|administrative
details|||| |---|---|---|---|---|---| |Company|number|3981052|||| |Charity number||1080418|||| |Status||the Charity isregistered as an Environmental|Body- number 689972||| |||the Charity isregistered for VAT —number 752791703|||| |Registered|office|Royal Oak House|||| |and operational||Royal Oak Avenue|||| |address||Bristol|||| |||BS14GB|||| |Trustees||Trustees, who are also Directors under company||law,|who served| |||during the year and up tothe date ofthis report||were|asfollows:| |||Sue Mountstevens
OBE,Chair ofTrustees|||| |||Nick Lee, Deputy Chair ofTrustees|||| |||Sue Blatchford, Chair Finance &Investment|Committee||| |||Oliver Delany OBE(joined Dec21), Chair Governance,|||HR &Operations| |||Committee
(from Feb 22)|||| |||Annie Kilvington,
Chair Philanthropy
&Marketing||Committee|| |||Ben Silvey, Chair Programmes
Committee|||| |||Jonathon Baker|||| |||Matthew Lee(joined Dec 21)|||| |||Chris Johnson|||| |||Raj Kakar-Clayton|||| |||Pat Meehan (stepped down Sept 21)|||| |||Junior Sheikh (joined Dec 21)|||| |||Julian Telling (stepped down Sept 21)|||| |||JoTurner|||| |Patrons||The Lord-Lieutenant
ofthe City and County|ofBristol,||Peaches Golding| |||OBE|||| |||The Lord-Lieutenant
ofSomerset, Annie Maw|||| |President||Trevor Smallwood
OBEDL|||| |Vice Presidents|Will Bee|||| |---|---|---|---|---| ||Gillian Camm DL|||| ||Chris Curling|||| ||Geoff Matthews|||| ||Mary Prior CVO MBE|||| ||Professor Murray|Stewart||| ||SirJames Tidmarsh||KCVO MBEJP|| ||Lady Paula Wills|||| |Principal Officers|Suzanne Rolt, Chief||Executive|| ||Ronnie Brown, Philanthropy|||Director| ||Sarah Crispin, Head||ofFinance|| ||Diane Kent, Head|ofOperations||| |Bankers|Bank ofScotland|||| ||Glass House, Cabot||Circus|| ||Bristol. BSl3BX|||| |Investment|Rathbones|||| |managers|8Finsbury Circus|||| ||London, EC2N 7AZ|||| ||CCLA|||| ||80Cheapside|||| ||London, EC2V6DZ|||| |Legal advisors|Osborne Clarke|||| ||2Temple BackEast|||| ||Temple Quay|||| ||Bristol, BSl6EG|||| ||Veale Wasbrough|Vizards||| ||Narrow Quay House|||| ||Narrow Quay|||| ||Bristol, BS14QA|||| |Independent|Bishop Fleming|||| |Auditors|10Temple Back|||| ||Bristol, BSl6FL|||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||Unrestricted|Restricted|||| |---|---|---|---|---|---|---|---|---| |||||revenue|revenue|Endowment||| |||||funds|funds|funds|2022 Total|2021 Total| ||||Note|E|E|E|E|E| |Income and endowments|from:|||||||| |Donations
and legacies||||||||| |Donations
and gifts||||916,951|3,886,108|1,638,395|6,441,454|16,668,603| |Gifts in kind||||4,000|||4,000|1,000| |Other trading activities||||||||| |Consultancy
and other||income||21,921|||21,921|19,882| |Investments||||||||| |Investment
properties||||4,531|43,019|46,771|94,321|88,359| |Investment
income||||8,846|185,954||194,800|128,771| |Total income and endowments||||956,249|4,115,081|1,685,166|6,756,496|16,906,615| |Expenditure
on:||||||||| |Raising funds||||||||| |Communications
and publicity||||133,812|||133,812|92,028| |Consultancy||||22,340|||22,340|18,391| |Community
Leadership||||22,339|||22,339|45,026| |Philanthropy
services||||184,905|||184,905|100,876| |Employer Engagement||Project||57,032|||57,032|21,990| |Fund development||||57,839|||57,839|18,887| |Investment
management||costs||10,157||135,638|145,795|120,330| |Investment
properties||||16,372|18,322||34,694|31,837| |Charitable
activities||||||||| |Draw-downs||||||409,248|409,248|30,000| |Grants payable|||||4,848,905||4,848,905|5,199,824| |Support costs ofgrants||||||||| |programme||||431,236|302,946||734,182|800,290| |Total expenditure|||7|936,032|5,170,173|544,886|6,651,091|6,479,479| |Net (expenditure)
Iincome||||||||| |before gains and losses||||20,217|(1,055,092)|1,140,280|105,405|10,427,136| |Net gains on investments|||13,14|21,302|1,529,171|2,348,937|3,899,410|9,050,796| |Net income||||41,519|474,079|3,489,217|4,004,815|19,477,932| |Transfers
between
funds|||23||92,560|~92,560||| |Net movement.
in funds||||41,519|566,639|3,396,657|4,004,815|19,477,932| |Reconciliation
offunds:||||||||| |Total funds brought
forward||||999,640|4,663,851|56,612,099|62,275,590|42,797,659| |Total funds carried forward||||1,041,159|5,230,490|60,008,756|66,280,405|62,275,591| ## ## ## ||||||2022|2021| |---|---|---|---|---|---|---| ||||Note|||| |Fixed assets||||||| |Tangible fixed assets|||12||179,398|184,597| |Investments||||||| |Property|||13||664,000|752,000| |Other|||14||57,&40,710|54,887,958| ||||||58,6&4,108|55,824,555| |Current assets||||||| |Debtors|||15|1,255,863||754,737| |Cash at bank and||in hand||7,279,738||6,675,763| |||||8,535,601||7,430,500| |Liabilities||||||| |Creditors: amounts||falling due within|16|(939,304)||(959,464)| |Net current assets|||||7,596,297|6,471,036| |Net assets|||18||66,280,405|62,295,591| |Funds||||||| |Capital funds||||||| |Endowment|funds||24||60,008,756|56,612,099| |Revenue
funds|||25|||| |Restricted funds|||||5,230,490|4,663,852| |Unrestricted|funds||||1,041,159|999,640| |Total charity funds|||||66,280,405|62,275,591| ## ## ## |||All income|All income| |---|---|---|---| |||funds 2022|funds 2021| |Income from:|||| |Donations and legacies|||| |Donations
and gifts||4,803,059|6,424,495| |Gifts in kind||4,000|1,000| |Other trading activities|||| |Consultancy
and other|income|21,921|19,882| |Investments|||| |Investment
properties||47,550|84,292| |Investment
income||194,800|128,771| |Gains on investments||1,550,473|1,240,249| |Gross income
in the financial year||6,621,803|7,898,689| |Expenditure
on:|||| |Raising funds|||| |Communications
and publicity||133,812|92,028| |Consultancy||22,340|18,391| |Community
Leadership|—New|22,339|45,026| |Donor services||184,905|100,876| |Employer
Engagement|Project - New|57,032|21,990| |Fund development||57,839|18,887| |Investment
management|costs|10,157|3,459| |Investment
properties||34,694|31,837| |Charitable
activities|||| |Grants payable||4,848,905|5,199,824| |Support costs ofgrants|||| |programme||734,182|800,290| |Gross expenditure
in the financial year||6,106,205|6,332,608| |Net income /(expenditure)|before tax for the financial year|515,598|1,566,081| |Tax payable|||| |Net income I(expenditure)|for the financial year|515,598|1,566,081| ## ## ## ||||||2022|2021| |---|---|---|---|---|---|---| |||||Note|F|E| |Cash generated
by operating
activities:||||||| |Net cash|generated
by operating
activities|||23|(727,833)|10,843,670| |Cash flows from investing
activities:||||||| |Dividends,|interest and rents from investments||||289,121|217,130| |Purchase|oftangible
fixed assets||||(16,183)|(29,317)| |Proceeds|from the sale of investments||||6,380,991|5,527,509| |Cash movement
on investments|||||310,697|(51,751)| |Purchase|ofinvestments||||(5,652,818)|(20,127,897)| |Net cash|used by investing
activities||||1,311,808|(14,464,326)| |Increase|in cash and cash equivalents|in|the year||583,975|(3,620,656)| |Cash and|cash equivalents
at the beginning||ofthe year||6,675,763|10,296,419| |Cash and|cash equivalents
at the end of||the year||7,259,738|6,675,763| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Prior year comparatives|||||||| |---|---|---|---|---|---|---|---| |||||Unrestricted|Restricted||| |||||revenue|revenue|Endowment|| |||||funds|funds|funds|2021 Total| ||||||F||E| |Income and endowments|from:||||||| |Donations and legacies|||||||| |Donations
and gifts||||1,367,305|5,057,190|10,244,108|16,668,603| |Gifts in kind||||1,000|||1,000| |Other trading activities|||||||| |Consultancy
and other||income||19,882|||19,882| |Investments|||||||| |Investment
properties||||41,747|42,545|4,067|88,359| |Investment
income||||(71,693)|200,464||128,771| |Total income and endowments||||1,358,241|5,300,199|10,248,175|16,906,615| |Expenditure
on:|||||||| |Raising funds|||||||| |Communications
and|publicity|||92,028|||92,028| |Consultancy||||18,391|||18,391| |Community
Leadership||-|New|45,026|||45,026| |Donor services||||100,876|||100,876| |Employer Engagement||Project - New||21,990|||21,990| |Fund development||||18,887|||18,887| |Investment
management|||costs|3,459||116,871|120,330| |Investment
properties||||31,837|||31,837| |Charitable
activities|||||||| |Grants payable|||||5,199,824||5,199,824| |Draw-downs||||||30,000|30,000| |Support costs ofgrants||programme||512,321|287,969||800,290| |Total expenditure||||844,815|5,487,793|146,871|6,479,479| |Net (expenditure)
I income||before gains|||||| |and losses||||513,426|(187,594)|10,101,304|10,427,136| |Net gains on investments||||17,836|1,222,413|7,810,547|9,050,796| |Net income||||531,262|1,034,819|17,911,851|19,477,932| |Transfers
between
funds||||(841,044)|856,863|(15,819)|| |Net movement
in funds||||(309,782)|1,891,682|17,896,032|19,477,932| ## ## ## ## |Material donation|s
fr|om in|st|itution|s
(gre|ater th|an 5%ofthe total)|have been received from:|| |---|---|---|---|---|---|---|---|---|---| |||||||||2022|2021| |||||||||Total|Total| |||||||||E|F| |Bank of Ireland||||||||45,539|6,049,069| |Bristol Community
Health|||Fund||||||562,500| |North Somerset|Community|||Partnership||Endowment||3,750,000|3,750,000| |North Somerset|Community|||Partnership||Endowment||250,000|| |Osborne Clarke||||||||274,000|100,000| |National
Lottery|Community||||||||264,500| |Pople Charitable|Trust Revenue||||Fund|||76,000|122,000| |Thrings Solicitors Fund||||||||27,963|133,326| |Mohn Westlake|Foundation||||||||200,000| |Wesleyan
Foundation|||||||||49,500| |Wessex Water||||||||223,638|1,078,905| |The charity received||the following|||government||grants:||| |||||||||2022|2021| |||||||||Total|Total| |||||||||F|| |Bristol City Council
BSBT||||||||2,112,500|200,000| |CJRS|||||||||3,614| |National
Emergency||Trust|||||||280,973| |DCMS||||||||~~00|174900
659467| ## ## ## ## ||||||||||||||||2022| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||||||||Unrestricted||Restricted||Endowment|||Total| ||||||||||||||||f.| |Income|||||||||||||||| |Tenants'
contributions|||to future||maintenance||||||||||| |and repairs|||||||||||1,000||||1,000| |investment|income||||||||4,531||42,019||46,771||93,321| ||||||||||4,531||43,019||46,771||94,321| |Expenditure|||||||||||||||| |Depreciation|offixtures and|||fittings|||||11,362||||||11,362| |Running
costs|||||||||23,332||||||23,332| ||||||||||34,694||||||34,694| |Net income|||||||||(30,163)||43,019||46,771||59,627| |During the year, sundry costs|||||were|incurred||in respect of the||maintenance||of the|buildings.|In 1999,the|| |trustees
obtained||Charity||Commission|||approval||to a loan|of|F122,000 from||Quartet's|permanent|| |endowment|fund|to|complete||the|refurbishment|||of Royal|Oak|House.|This|is to be|repaid|in 30| |instalments|with the final instalment|||||due|in October||2032.||||||| ||||||||||||||||2021| |Prior period comparative:||||||||Unrestricted||Restricted||Endowment|||Total| ||||||||||||E||||| |Income|||||||||||||||| |Tenants'
contributions|||to future||maintenance||||||||||| |and repairs|||||||||||1,000||||1,000| |Investment|income||||||||41,747||41,545||4,067||87,359| ||||||||||41,747||42,545||4,067||88,359| |Expenditure|||||||||||||||| |Depreciation|offixtures and|||fittings|||||12,375||||||12,375| |Running
costs|||||||||19,462||||||19,462| ||||||||||31,837||||||31,837| |Net income|||||||||9,910||42,545||4,067||56,522| ## ## ## |Investment
inc|ome||||||| |---|---|---|---|---|---|---|---| ||||||||2022| ||||Unrestricted|Restricted|Endowment||Total| |||||||F|F| |Allocation of investment||income from|||||| |endowment||||(185,954)|||(185,954)| |Interest on current accounts|||8,846||||8,846| |Total investment|income||8,846|(185,954)|||(177,108)| |Quartet takes 4.5%total|return
from capita|l gain and reinvest t|he dividend
ea|rned
into th|e inv|estment.| |---|---|---|---|---|---|---| |||||||2021| |Prior period comparative:||Unrestricted|Restricted
f|Endowment|F|Total
F| |Allocation of investment|income from|||||| |endowment||(90,074)|200,464|||110,390| |Interest on current accounts||18,381||||18,381| |Total investment
income||(71,693)|200,464|||128,771| ## |Analysis oftotal exp|en|ditu|re||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| ||||||Activities|Grant|Support 5||||| ||||||undertaken|funding
of|governance|2022|||| |Costs by charitable|activity||||directly|activiTies|costs|Total|||| ||||||2||6||||| |Communications
and|publidty||||22,999||110,813|133,812|||| |Consultancy|||||||22,340|22,340|||| |Civic Influence/Community|||Leadership||||22,339|22,339|||| |Philanthropy
services|||||||184,905|184,905|||| |Draw-downs|||||409,248|||409,248|||| |City Funds|||||||57,032|57,032|||| |Fund development|||||3,000||54,839|57,839|||| |Grants payable||||||4,848,905||4,848,905|||| |Investment
management||costs|||135,640||10,155|145,795|||| |Investment
properties
governance|||||23,332||11,362|34,694|||| |Support costs ofgrants||programme||||302,947|431,235|734,162|||| |Total resources expended|||||594,219|5,151,852|905,020|6,651,091|||| |Allocation ofsupport||and||Basis of||Property|Office|Other|||2022| |costs by activity||||allocation|Staff costs
8|costs
6|costs|costs
f|Depreciation
6|Governance
6|Total
6| |Communications
and|publicity|||12.40%|84,900|5,828|9,276|5,899|1,242|3,668|110,813| |Consultancy||||2.50%|17,117|1,175|1,870|1,189|250|739|22,340| |Civic Influence
(Community|||Leadershi|2.50'k|17,117|1,175|1,870|1,187|250|740|22,339| |Philanthropy
services||||20.69'k|141,666|9,725|15,478|9,843|2,073|6,120|184,905| |Draw-downs||||Speclc|||||||| |Fund development||||6.14%|42,014|2,883|4,591|2,920|616|1,815|54,839| |Grants payable||||Specific|||||||| |Investment
management||costs||1.14%|7,780|534|850||114|336|10,155| |Investment
properties||||Specific|||||11,362||11,362| |City Funds||||6.38%|43,695|3,000|4,774|3,036|639|1,888|57,032| |Support costs ofgrants||programme||48.25ok|330,389|22,682|36,098|22,957|4,836|14,273|431,235| |Total|||||684,678|47,002|74,807|47,572|21,382|29,579|905,020| |Fo|r the
ear ended 31 March 202|r the
ear ended 31 March 202|r the
ear ended 31 March 202|2|2||||| |---|---|---|---|---|---|---|---|---|---| |7.|Analysis oftotal expenditure|||(prior period comparative)|||||| ||||||Activities|Grant||Support &|| ||||||undertaken|funding|of|governance|2021Tote| ||Costs by charitable|activity|||directlyf|activities
6||costs
6|I| ||Communications
and|publicity|||15,592|||76,436|92,028| ||Consultancy|||||||18,391|18,391| ||Community
Leadership-||New|||||45,026|45,026| ||Philanthropy
services|||||||100,876|100,876| ||Draw-downs||||30,000||||30,000| ||Employer Engagement||Project|- New|1,139|||20,851|21,990| ||Fund development|||||||18,887|18,887| ||Grants payable|||||5,199,824|||5,199,824| ||Investment
management||costs||116,871|||3,459|120,330| ||Investment
properties||||19,462|||12,375|31,837| ||Support costs ofgrants||programme|||287,969||512,321|800,290| ||Total resources expended||||183,064|5,487,793||808,622|6,479,479| ## ## ## ## ## |This is st|ated after char|ging:||| |---|---|---|---|---| ||||2022|2021| ||||F|| |Depreciation|||21,382|21,295| |Operating|lease rentals|—plant and machinery|5,003|5,970| |Trustees'|remuneration||Nil|Nil| |Trustees'|reimbursed
expenses||Nil|Nil| |Auditors'|remuneration:|||| ||~ Statutory
audit||12,750|12,750| ||~ Other services||1,000|Nil| ## ## ## ## |Staff costs w|ere|as follows:||| |---|---|---|---|---| ||||2022|2021| ||||E|F| |Salaries and|wages||593,743|517,368| |Social security costs|||54,538|39,918| |Pension costs|||24,026|19,274| |HSF Health|Plan||846|692| |Total employment||costs|673,153|577,252| |Consultants|and|secondees|11,525|15,976| ||||684,678|593,228| ## ## ## ## ## |The amount|payable|in the year comprises:||||| |---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Endowment|| ||||funds|funds|funds|2022 Total| |||||F||| |Foundation|grants:|||||| |Quartet's
grants programme||||4,001,264||4 001 284| |Sub-total||||4,001,264||4,001,264| |Donor directed grants
Lapsed and returned||grants||1,005,026
~157,385||1,005,026
~157385| |Total grants|payable|||4 848 905||4848905| |Prior period|comparative:||Unrestricted|Restricted|Endowment|2021 Total| ||||E|||| |Foundation|grants:|||||| |Quartet's
grants programme||||4,850,849||4,850,849| |Special advised||||||| |Sub-total||||4,850,849||4,850,849| |Donor directed grants
Lapsed and returned||grants||396,508
~47,534||396,508
~47,534| |Total grants|payable|||5 199823||5 199823| ## ## ## ## ## ## ## ## |Tangible fixed assets||||| |---|---|---|---|---| |||Royal Oak||| |||House|Fixtures,|| ||Freehold|fixtures 8|fittings 8|| ||property|fittinqs|equipment|Total| ||||F|E| |Cost||||| |At 1 April 2021|158,020|174,433|102,382|434,835| |Additions
in year||6,164|10,019|16,183| |At 31 March 2022|158020|180597|112401|451 018| |Accumulated
Depreciation||||| |At 1 April 2021|12,291|149,463|88,484|250,238| |Charge for the year|3,157|11,362|6,863|21,382| |At 31 March 2022|'15448|160825|95347|271 620| |Net book value||||| |At 31 March 2022|'142 572|19771|17054|179398| |At 31 March 2021|145729|24 969|13898|184597| ## |||||2022|2021| |---|---|---|---|---|---| |||||f.|| |Market value at 1 April||2021||752,000|837,620| |Transfers|||||(65,620)| |Unrealised|investment|gain|/ (loss)|(88,000)|(20,000)| |Market value at 31 March 2022||||664,000|752,000| |Cost at 31|March 2022|||847,691|847,691| ## ## ## |14.|Other investments||||||| |---|---|---|---|---|---|---|---| |||||||2022|2021| |||||||F.|F| ||Quoted investments:||||||| ||Market value at 1 April 2021|||||54,887,958|31,160,084| ||Acquisitions
at cost|||||5,652,818|20,127,897| ||Gift ofshares|||||44,213|24,939| ||Disposals proceeds|||||(6,380,991)|(5,527,509)| ||Cash movements|||||(310,697)|51,751| ||Net gain/(loss)
in the year|||||3,947,409|9,050,796| ||Market value at.31 March|||2022||57,840,710|54,887,958| ||Cost at 31 March 2022|||||47,351,681|46,131,763| ||Analysis
by geographical|||sector:|||| ||Investment
assets|in the UK||||27,738,362|20,178,826| ||Investment
assets|outside the UK||||30,102,348|34,709,132| |||||||57,840,710|54,887,958| |15.|Debtors||||||| |||||||2022|2021| |||||||F|E| ||Gift aid receivable|||||202,712|12,659| ||Other debtors and prepayments|||||1,053,150|742,078| |||||||1,255,862|754,737| |16.|Creditors: amounts||falling within||1 year||| |||||||2022|2021| |||||||F|E| ||Trade creditors|||||44,934|30,155| ||Taxation and social|security||||15,415|13,571| ||Other creditors|||||59,871|62,104| ||Accruals and deferred||income|||72,726|107,899| ||Grants payable|||||746,358|765,735| |||||||939,304|979,464| ## ## ## |Deferred inc|ome||||||| |---|---|---|---|---|---|---|---| |||||||2022|2021| |||||||f.|| |At 1 April 2021||||||17,795|19,816| |Deferred
during the year||||||15,416|17,795| |Released
during the year||||||(17,795)|(19,816)| |At 31 March|2022|||||15,416|17,795| |Deferred
income relates to|||Royal Oak House|rent demanded|in advance.||| |Analysis of|net assets between funds||||||| ||||||Permanent|Expendable|| ||||Unrestricted|Restricted|endowment|endowment|| ||||fundsf|funds
E|funds
E|funds
f.|Total funds
F| |Fixed assets|||36,826||142,572||179,398| |Investments|- property||68,006||595,994||664,000| |Investments|-other||||7,321,621|50,519,089|57,840,710| |Debtors|||142,173|835,687||278,000|1,255,860| |Cash at bank and
Creditors||in hand|987,100
~(245, 114|5,141,158
~746,356||1,151,480|7,279,738
~99'l,472)| |Net assets at 31||March|||||| |2022|||988,991|5,230,487|8,060,187|51,948,569|66,228,234| ||||||Permanent|Expendable|| ||||Unrestricted|Restricted|endowment|endowment|| |Prior year comparatives|||funds|funds|funds|funds|Total funds| ||||||E||F| |Fixed assets|||41,919||142,678||184,597| |Investments|- property||68,112||683,888||752,000| |Investments|-other||||6,534,780|48,353,178|54,887,958| |Debtors|||140,501|4,216||610,020|754,737| |Cash at bank and
Creditors||in hand|962,838
~213,730)|5,425,370
~765,734)||287,555|6,675,763
~979464,| |Net assets at.31||March|||||| |2021|||999,640|4,663,852|7,361,346|49,250,753|62,275,591| ## ## ## ## ## ## ## ## ## ## ## ## |Reconciliation
of ne|t movement|in funds to net. cash fl|ow from operating
activities|| |---|---|---|---|---| ||||2022|2021| |Net movement
in funds|||4,004,815|19,477,932| |Adjustments
for:||||| |Depreciation
charges|||21,382|21,295| |Gift ofshares|||(44,213)|(24,939)| |Gains on investments|||(3,899,410)|(9,030,796)| |Dividends,
interest and rents from||investments|(289,121)|(217,130)| |Decrease
/ (increase)
Decrease
/ (increase)|in debtors
in creditors||(501,126)
~20,160|169,258
448,050| |Net cash generated|by operating|activities|(727,833)|10,843,670| ## ## ## |24.|Endowment
funds||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||||||||||(Losses) i|Transfers||| |||||||At1 April|Net movement
in|||gains on|between|At31 March|| |||||||2021|||funds|investments|funds||2022| |||||||||||f|||| ||Permanent
endowment||||||||||||| ||Unrestricted
endowment|||funds|||||||||| ||Discretionary
(a)|||||1,145,583|||(2,465)|43,789|17,479||1,204,386| ||Restricted endowment||funds||||||||||| ||Field ofinterest (b)|||||1,748,958|||(4,822)|66,871|||1,811,007| ||Donor directed (c)|||||1,761,085|||19,805|68,028|480,766||2,329,684| ||Foundation
(d)|||||1,879,154|||26,677|70,713|-||1,976,544| ||Total permanent
endowment|||||6534780|||39195|249401|498245||7321 621| ||Expendable
endowment|||funds|||||||||| ||Unrestricted
endowment|||funds|||||||||| ||Discretionary
(e)|||||1,210,135|||82,713|47,507|(17,479)||1,322,876| ||Restricted endowment||funds||||||||||| ||Field of interest (f)|||||28,948,389||530,579||1,106,337|(12,559)|30,572,746|| ||Donor directed (g)
Grassroots
Endowment|||||6,426,616||446,370||242,766|(80,000)||7,035,752| ||Challenge
(h)|||||3,863,548|||101,996|151,494|(720,939)||3,396,099| ||Community
First Programme||||(i)|6,804,539||(349,247)||598,475|||7,053,767| ||Foundation
(j)|||||1,397,526||610,674||40,957|240,172||2,289,329| ||Royal Oak House (k)|||||826,566||||(88,000)|||738,566| ||Legacy Provision|||||600,000||322,000|||||278,000| ||Total expendable|endowment|||||||||||| ||funds|||||50,077,319||1,101,085||2,099,536|(590,805)|52,687,135|| ||Total endowment|funds||||56 612099||1 140 2&0||2348 937~92560||60008756|| ||Named
endowment|funds||are|at the heart of Quartet's|||work. These||funds are invested
to maintain|||their real| ||value and generate|income which||||is spent
in accordance|||with the|donors' wishes.|Grants are|made
in the|| ||name ofthe donor|if required.|||Quartet offers various types ofnamed|||||funds.|||| ## ## ## ## ## ## ## ## ## ## ## |||||||2022|2021| |---|---|---|---|---|---|---|---| ||Number|offunds|Purpose offund||||| |(e) Discretiona||20|Discretionary
grant-making|||1,322,876|1,210,135| |(f) Field ofinterest||9|Education
and training|||2,187,165|1,811,343| |||14|Environment|||745,687|649,183| |||3|Homelessness|||107,187|102,933| |||1|Safer community|environments||56,893|54,945| |||8|North Somerset|||9,481,049|8,917,293| |||11|Bath & North East Somerset|||572,297|542,428| |||3|Elderly people|||1,032,084|997,038| |||23|Young people|||3,296,723|3,050,189| |||18|Other field of interest|||13,093,661|12,823,037| |(f) Field ofinterest||90||||30,572,746|28,948,389| |(g) Donor directed||26|Donor directed|||7,035,752|6,426,616| |(h) Grassroots|Challenge|49|Small/local
volunta||groups|3,396,099|3,863,548| |(i) Community
Pro ramme|First|71|Small/local
voluntary||groups|7,053,767|6,804,539| |) Foundation|||Quartet staffin
8|su|port costs|2,289,329|1,397,526| ||||Donor directed and Quartet||||| |k Ro al Oak|House||staffin
8 su
ort|costs||826,566|826,566| |(I) Legacy Provision|||Buston Legacy|||278000|600,000| ## ||||Unrestricted|Restrictedf|Total
F| |---|---|---|---|---|---| |Balance at 1 April 2021|||999,640|4,663,851|5,663,491| |Net movement
in funds|||20,217|(1,055,092)|(1,034,875)| |Realised and unrealised|investment|gains|21,302|1,529,171|1,550,473| |Transfers||||92,560|92,560| |Balance at 31 March 2022|||1,041,159|5,230,490|6,271,649| ## ## ## ## |||||||||Gains
/|Transfers|At 31| |---|---|---|---|---|---|---|---|---|---|---| |||||||At 1 April|Net movement
in|losses on|between|March| |||||||2021|funds|investments|funds|2022| ||||||||f|F||| |Unrestricted|income||funds|||||||| |Staffing and|support|costs||||999,640|20,217|21,302||1,041,159| |Total unrestricted||income||funds||999,640|20,217|21,302||1,041,159| |||||||||Gains
/|Transfers|At 31| |||||||At 1 April|Net movement
in|losses on|between|March| |||||||2021|funds
F|investments
f|funds|2022f| |Restricted|income|funds||||||||| |Discretionary|(a)|||||736,845|(470,646)|85,679|132,820|484,698| |Donor directed (b)||||||1,083,563|(636,544)|168,188|(115,902)|499,305| |Field ofinterest (c)||||||2,177,126|182,630|1,075,530|177,307|3,612,593| |Foundation
Grassroots|(j)
Endowment||(h)|||171,796|(97,353)
(111,348)|97,353
102,421|(1,305)|161,564| |Community|First Programme||||(i)|461,027|60,056||(100,360)|420,723| |Royal Oak House maintenance||||||33,494|(1,887)|||31,607| |Revenue
Legacy provision||||(k)|||20,000|||20,000| |Total restricted
revenue funds||||||4,663,851|||92,560|5,230,490| |Total revenue funds||||||||||| ## ## ||||||||||2022|2021| |---|---|---|---|---|---|---|---|---|---|---| |||||Number offunds||Purpose offund||||E| ||a|Discretiona|||45|Discretiona|grant-making||484,697|736,846| ||(b)|Donor directed|||46|Donor directed|||499,304|1,083,563| |25.|Revenue funds (continued)|||||||||| ||(c)|Field of interest|||39|Young people|||254,227|407,333| ||||||21|Education|||67,600|70,678| ||||||15|Bristol|||368,768|919,125| ||||||8|North Somerset|||104,892|92,060| ||||||3|Sport|||5,454|13,233| ||||||7|Homelessness|||66,627|111,827| ||||||12|Bath 8 North|East Somerset||122,388|21,729| ||||||17|Environment|||51,124|47,992| ||||||4|Disability|||20,326|32,963| ||||||10|Elderly people|||239,629|104,298| ||||||30|Other field of|interest||2,311,559|355,887| ||(c)|Field ofinterest|||166||||3,612,594|2,177,125| ||(h) Grassroots
Endowment
Challen|||e||Small & local|voluntary|groups|161,563|171,796| ||||||||||2022|2021| |||||Number|offunds|Purpose offund||||F| ||(i) Community
Pro
ramme||First||19|Small 8 local|voluntary|groups|420,724|461,027| ||(k) Revenue
Provision||Legacy|||Hicknmott
Legacy|||20,000|| ## ## ## ## ||The total number
and value ofgrants payable,|The total number
and value ofgrants payable,|The total number
and value ofgrants payable,|The total number
and value ofgrants payable,|The total number
and value ofgrants payable,|The total number
and value ofgrants payable,|analysed|analysed|by grant|beneficiary,|is as follows:|| |---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||||||||2022|2021| ||Payable to institutions|||||||Number||||| ||Disadvantaged
communitiesNulnerable||||Groups||||53||259,394|411,476| ||Children
and young people||||||||263||1,242,553|1,217,631| ||Families||||||||46||207,409|249,106| ||People with disabilities|/ health||difficulties|||||154||713,561|791,200| ||People
in poverty
/ on|low incomes|||||||106||674,277|605,169| ||Minority
communities||||||||56||438,526|566,951| ||Older people||||||||66||256,121|367,665| ||Other||||||||9||12,674|7,650| ||Community||||||||135||1,044,390|982,975| ||||||||||886||4,848,905|5,199,823| |27.|Financial
instruments|||||||||||| ||||||||||||2022|2021| ||Financial assets that are debt||instruments|||measured||at amortised||cost||| ||comprise the following:|||||||||||| ||Gift aid receivable||||||||||202,712|12,659| ||Other debtors and prepayments||||||||||1,053,150|742,078| ||Total||||||||||1,255,862|754,737| ||Financial
liabilities measured||at amortised|||cost|comprise the following;|||||| ||Trade creditors||||||||||44,934|30,155| ||Taxation and social security||||||||||15,415|13,571| ||Other creditors||||||||||59,871|62,104| ||Accruals and deferred|income|||||||||72,726|107,899| ||Grants payable||||||||||746,358|765,735| ||||||||||||939,304|' 979,464|