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2021-04-05-accounts
|
Page |
| Trustees and Professional Advisers |
1 |
| Trustees'report |
2-4 |
| Independent examiner's report |
5 |
| Statement of financial activities |
6 |
| Balance sheet |
7 |
| Notes to the financial statements |
8-15 |
| Charity number |
1083572 |
| Trustees |
W D Rothenberg |
|
N C Lederer |
|
Dr C Walford |
|
K Andor |
| Principal address |
16 Great Queen Street |
|
Covent Garden |
|
London |
|
WC2B 5AH |
| Accountants |
Blick Rothenberg Limited |
|
Chartered Accountants |
|
16 Great Queen Street |
|
Covent Garden |
|
London |
|
WC2B 5AH |
| Independent examiner |
Sharon Gravener FCCAACA |
|
Scrutton Bland LLP |
|
Chartered Accountants |
|
Fitzroy House |
|
Crown Street |
|
Ipswich |
|
Suffolk |
|
IP1 3LG |
| Bankers |
Barclays Bank Pic |
|
Level 12 |
|
IChurchill Place |
|
London |
|
E145HP |
|
Aldemore |
|
6th Floor |
|
The Monument Building |
|
II Monument Street |
|
London |
|
EC3R 8AF |
| Solicitors |
Payne Hicks Beach |
|
10 New Square |
|
London |
|
WC2A 3QG |
| Investment advisors |
Rathbone Investment Management Limited |
|
8 Finsbury Circus |
|
London |
|
EC2M 7AZ |
|
|
Unrestricted fund |
Unrestricted fund |
|
|
2021 |
2020 |
|
Notes |
£ |
£ |
| Income from: |
|
|
|
| Investment income |
2 |
69,891.00 |
88,008.90 |
| Total |
|
69,891.00 |
88,008.90 |
| Raising funds |
|
|
|
| Investment management fees |
|
(21,321.42) |
(21,370.30) |
| Charitable activities |
3 |
(171,450.00) |
(226,805.00) |
| Total |
|
(192,771.42) |
(248,175.30) |
| Net expenditure |
|
(122,880.42) |
(160,166.40) |
| Gains/(losses) on investments |
|
494,039.28 |
(233,606.47) |
| Net movement in funds |
|
371,158.86 |
(393,772.87) |
| Reconciliation of funds |
|
|
|
| Fund balances brought forward |
|
2,894,142.03 |
3,287,914.90 |
| Fund balances carried forward |
|
3,265,300.89 |
2,894,142.03 |
|
|
2021 |
2021 |
2020 |
|
Notes |
£ |
£ £ |
£ |
| Fixed assets |
|
|
|
|
| Investments |
6 |
|
3,234,908.20 |
2,876,338.09 |
| Current assets |
|
|
|
|
| Debtors |
7 |
6,558.20 |
7,148.18 |
|
| Cash at bankand in hand |
|
46,789.59 |
32,970.01 |
|
|
|
53,347.79 |
40,118.19 |
|
| Creditors: amounts falling due within |
|
|
|
|
| one year |
8 |
(22,955.10) |
(22,314.25) |
|
| Net current assets |
|
|
30,392.69 |
17,803.94 |
| Total assets less current liabilities |
|
|
3,265,300.89 |
2,894,142.03 |
| Income funds |
|
|
|
|
| Unrestricted funds |
|
|
3,265,300.89 |
2,894,142.03 |
|
|
|
3,265,300.89 |
2,894,142.03 |
|
UK |
Overseas |
Total |
Total |
|
2021 |
2021 |
2021 |
2020 |
|
£ |
£ |
£ |
£ |
| Income from listed investments |
54,517.85 |
11,715.77 |
66,233.62 |
83,556.43 |
| Close Brothers Treasury interest |
- |
- |
- |
150.00 |
| Aldermore interest |
3,632.73 |
- |
3,632.73 |
3,627.81 |
| Bank and broker interest |
24.65 |
- |
24.65 |
674.66 |
|
58,175.23 |
11,715.77 |
69,891.00 |
88,008.90 |
|
|
Total |
Total |
|
|
2021 |
2020 |
|
|
£ |
£ |
| Grants |
(3.1) |
131,500.00 |
190,000.00 |
| Governance costs |
(3.2) |
39,950.00 |
36,805.00 |
|
|
171,450.00 |
226,805.00 |
| **3 ** |
Charitable activities |
|
|
(Continued) |
|
3.1 Grants payable |
|
Total |
Total |
|
|
|
2021 |
2020 |
|
|
|
£ |
£ |
|
Grants during the yearcomprise: |
|
|
|
|
Afasic |
|
1,000.00 |
1,000.00 |
|
Afasic - 2019 |
|
|
1,500.00 |
|
Almeida Theatre Company |
|
1,000.00 |
2,000.00 |
|
Alzheimer's Research UK |
|
1,000.00 |
1,000.00 |
|
Amref Health Africa |
|
|
1,000.00 |
|
Anne FrankTrust UK |
|
1,000.00 |
1,000.00 |
|
Anthony Nolan |
|
2,000.00 |
2.000.00 |
|
Art in Healthcare |
|
|
1,000.00 |
|
Asthma International (2020: 2 payments) |
|
|
2,000.00 |
|
Awards for Young Musicians |
|
1,000.00 |
1,000.00 |
|
The Barbican Centre Trust Limited |
|
|
2,000.00 |
|
Battersea Arts Centre |
|
1,000.00 |
2,000.00 |
|
BIBIC |
|
1,000.00 |
1,000.00 |
|
The Bobath Centre for Children with Cerebral |
Palsy |
3,000.00 |
3,000.00 |
|
Brain Injury Rehabilitation and Development |
|
1,000.00 |
1,000.00 |
|
Brain Research Trust |
|
1,000.00 |
1,000.00 |
|
Camden Arts Centre |
|
|
1,000.00 |
|
Cancer Fund |
|
|
1,000.00 |
|
Carers UK |
|
2,000.00 |
2,000.00 |
|
Cavatina Chamber Music Trust |
|
|
3,000.00 |
|
Centrepoint Soho |
|
4,000.00 |
3,000.00 |
|
The Chicken Shed Theatre Trust |
|
|
7,500.00 |
|
Children In Crisis |
|
2,000.00 |
2,000.00 |
|
Children's Air Ambulance |
|
2,000.00 |
2,000.00 |
|
The Children's Trust |
|
2,000.00 |
2,000.00 |
|
Crohn's in Childhood Research Association |
|
1,500.00 |
1,500.00 |
|
City ofBirmingham Symphony Orchestra |
|
1,000.00 |
1,000.00 |
|
Cove Park (2020: 2 payments) |
|
|
6,500.00 |
|
The Cure Parkinson's Trust |
|
|
1,000.00 |
|
Cystic Fibrosis Trust |
|
2,000.00 |
2,000.00 |
|
Dartington Hall Trust |
|
|
1,000.00 |
|
Diabetes UK |
|
1,000.00 |
1,000.00 |
|
Dyspraxia Foundation |
|
1,000.00 |
1,000.00 |
|
Balance carried forward |
|
32,500.00 |
59,000.00 |
|
2021 |
2020 |
|
£ |
£ |
| Balance brought forward |
32,500.00 |
59,000.00 |
| English National Ballet |
3,000.00 |
3.000.00 |
| English National Opera |
- |
1,000.00 |
| Epilepsy Research UK |
1,000.00 |
1,000.00 |
| Epilepsy Society |
1,000.00 |
1,000.00 |
| Friends of the Israel Opera Trust |
- |
1,000.00 |
| Glyndebourne Productions Limited |
2,500.00 |
2,500.00 |
| The Great Ormond Street Hospital Children's Charity |
1,000.00 |
1,000.00 |
| Hampstead Theatre Limited |
- |
2,500.00 |
| The Haven |
2,000.00 |
2,000.00 |
| Headway the Brain Injury Association |
1,000.00 |
1,000.00 |
| Helping Hands for Cancer Care |
1,000.00 |
1,000.00 |
| International Medical Corps UK |
2,500.00 |
2,500.00 |
| Jewish Museum London |
- |
3,000.00 |
| Jnetics |
2,000.00 |
2,000.00 |
| Leukaemia UK |
- |
1,000.00 |
| Listening Books |
1,000.00 |
1,000.00 |
| Live Music Now Limited |
1,500.00 |
1,500.00 |
| London Bach Society |
- |
1,000.00 |
| London Music Masters |
1,000.00 |
1,000.00 |
| London Philharmonic Orchestra Limited |
- |
1,000.00 |
| London Symphony Orchestra Limited |
- |
2,000.00 |
| Lupus UK |
1,000.00 |
1,000.00 |
| LumphomaAction |
- |
1,000.00 |
| Macmillan Cancer Support |
3,000.00 |
2,000.00 |
| Macular Disease Society |
1,000.00 |
1,000.00 |
| Manna UK |
1,500.00 |
1,000.00 |
| Manna UK-2019 |
- |
500.00 |
| Marie Curie Hampstead Hospice |
1,000.00 |
1,000.00 |
| Motor Neurone Disease Association |
3,000.00 |
3,000.00 |
| Multiple Sclerosis Society |
5,000.00 |
5,000.00 |
| Multiple Sclerosis Trust |
5,000.00 |
5,000.00 |
| Music in Hospitals |
- |
4,000.00 |
| National Gallery Trust |
1,000.00 |
1,000.00 |
| National Youth Choir of Great Britain |
1,000.00 |
1.000.00 |
| The National Youth Orchestra of Great Britain |
1,000.00 |
2.000.00 |
| Noam Educational Trust |
2,000.00 |
1,500.00 |
| The Noam Primary School Limited |
- |
2,000.00 |
| North London Hospice |
1,500.00 |
1,500.00 |
| Norwood Ravenswood |
1,000.00 |
1,500.00 |
| Opera Brava Limited |
2,000.00 |
2.000.00 |
| Ovacome |
1,000.00 |
1,000.00 |
| Balance carried forward |
84,000.00 |
129,000.00 |
|
2021 |
2020 |
|
£ |
£ |
| Balance brought forward |
84,000.00 |
129,000.00 |
| Pancreatic Cancer UK |
3,000.00 |
3,000.00 |
| Philharmonia Orchestra |
1,000.00 |
1,000.00 |
| Polka Children's Theatre |
- |
2,500.00 |
| Practical Action |
2,000.00 |
2,000.00 |
| Prostate Cancer UK |
2,000.00 |
2,000.00 |
| Purcell School for Young Musicians |
1,000.00 |
1,000.00 |
| Regent's Park Theatre Limited |
- |
2,000.00 |
| The Respite Association |
2,000.00 |
2,000.00 |
| Revitalise |
1,500.00 |
1,500.00 |
| Rix-Thompson-Rothenberg Foundation |
3,000.00 |
3,000.00 |
| Royal Academy of Music |
- |
2,000.00 |
| The Royal Free Cancerkin Breast Cancer Trust |
3,000.00 |
3,000.00 |
| The Royal National Institute of Blind People (2 payments |
|
|
| (2020: 2 payments)) |
5,000.00 |
4,000.00 |
| The Royal National Institute of Blind People - 2020 |
(2,000.00) |
- |
| The Royal National Theatre |
- |
2,000.00 |
| Royal Philharmonic Orchestra |
1,000.00 |
1,000.00 |
| Royal Philharmonic Society |
1,000.00 |
1,000.00 |
| Sadler's Wells Trust |
- |
1,000.00 |
| Soho Theatre Company Limited |
1,000.00 |
1,000.00 |
| Stem4 |
1,000.00 |
- |
| Target Ovarian Cancer |
1,000.00 |
1,000.00 |
| Theatres Trust |
- |
1,000.00 |
| UK Jewish Film Festival |
1,000.00 |
1,000.00 |
| University College Hospital Charitable Foundation |
- |
2,000.00 |
| University College Hospital Charitable Foundation - 2020 |
(1,000.00) |
- |
| University of the Arts |
- |
2,000.00 |
| Versus Arthritis (Formerly Arthritis Care) |
1,000.00 |
1,000.00 |
| The Virtual Doctors |
1,000.00 |
1,000.00 |
| WACArts |
- |
1,000.00 |
| Water Aid |
2,000.00 |
2,000.00 |
| The Wiener Library Institute of Contemporary History |
5,000.00 |
5,000.00 |
| The Wigmore Hall Trust |
5,000.00 |
2,000.00 |
| The Willow Foundation |
5,000.00 |
5,000.00 |
| Wiltons Music Hall |
1,000.00 |
1,000.00 |
| The Young Vic Company |
1,000.00 |
1,000.00 |
|
131,500.00 |
190,000.00 |
|
Governance |
Charitable |
Total |
Total |
|
costs |
activities |
|
|
| Cost type |
|
|
|
|
|
2021 |
2021 |
2021 |
2020 |
|
£ |
£ |
£ |
£ |
| Independent examiner's fees |
3,480.00 |
. |
3,480.00 |
3,480.00 |
| Accountancy fees |
31,500.00 |
- |
31,500.00 |
27,600.00 |
| Accountancy fees - 2020 |
4,920.00 |
- |
4,920.00 |
5,700.00 |
| Bank charges |
50.00 |
- |
50.00 |
25.00 |
|
39,950.00 |
- |
39,950.00 |
36,805.00 |
| Fixed asset investments |
|
|
|
|
|
Listed |
|
|
|
|
investments |
Cash |
Total |
Total |
|
2021 |
2021 |
2021 |
2020 |
|
£ |
£ |
£ |
£ |
| Market Value at6 April 2020 |
2,476,728.53 |
399,609.56 |
2,876,338.09 |
3,277,037.08 |
| Additions |
500,627.72 |
- |
500,627.72 |
609,037.28 |
| Disposals |
(602,215.12) |
- |
(602,215.12) |
(629,482.50) |
| Cash movements |
- |
(33,881.77) |
(33.881.77) |
(146.647.30) |
| Gains/(losses) on investments |
494,039.28 |
- |
494,039.28 |
(233,606.47) |
| Market Value at 5 April 2021 |
2,869,180.41 |
365,727.79 |
3,234,908.20 |
2,876,338.09 |
|
UK |
Overseas |
Total |
Total |
|
2021 |
2021 |
2021 |
2020 |
|
£ |
£ |
£ |
£ |
| Equities |
974,882.00 |
705,470.00 |
1,680,352.00 |
1,455,379.00 |
| Fixed interest |
572,626.20 |
- |
572,626.20 |
530,224.09 |
| Alternatives |
- |
- |
- |
378.00 |
| Investment Trusts |
558,654.00 |
- |
558,654.00 |
429,838.00 |
| Gold |
57,548.00 |
- |
57,548.00 |
60,909.00 |
| Cash deposits |
365,728.00 |
- |
365,728.00 |
399,610.00 |
|
2,529,438.20 |
705,470.00 |
3,234,908.20 |
2,876,338.09 |
| 2020 |
2,281,945.09 |
594,393.00 |
2,876,338.09 |
|
|
|
% |
|
|
Apple Inc |
5.6 |
|
|
JPM American Investment Trust Pic |
6.6 |
|
| 7 |
Debtors: amounts falling due within one year |
|
|
|
|
2021 |
2020 |
|
|
£ |
£ |
|
Accrued income receivable |
6,558.20 |
7,148.18 |
| 8 |
Creditors: amounts falling due within one year |
|
|
|
|
2021 |
2020 |
|
|
£ |
£ |
|
Rathbone Investment Management Limited |
5,375.10 |
4,734.25 |
|
Blick Rothenberg Limited |
14,100.00 |
14,100.00 |
|
Scrutton Bland LLP |
3,480.00 |
3,480.00 |
|
|
22,955.10 |
22,314.25 |
| Movement in funds |
Opening |
Incoming |
Resources |
Net gains / |
Closing |
|
funds |
resources |
expended |
(losses) on |
funds |
|
|
|
|
investments |
|
|
2021 |
2021 |
2021 |
2021 |
2021 |
|
£ |
£ |
£ |
£ |
£ |
| Unrestricted funds |
2,894,142.03 |
69,891.00 |
(192,771.42) |
494,039.28 |
3,265,300.89 |
|
2020 |
2020 |
2020 |
2020 |
2020 |
|
£ |
£ |
£ |
£ |
£ |
| 2020 |
3,287,914.90 |
88,008.90 |
(248,175.30) |
(233,606.47) |
2,894,142.03 |
| Analysis of netassets between funds |
|
|
|
Unrestricted |
Unrestricted |
|
funds |
funds |
|
2021 |
2020 |
|
£ |
£ |
| Fund balances at 5 April 2021 are represented by: |
|
|
| Investments |
3,234,908.20 |
2,876,338.09 |
| Current assets |
53,347.79 |
40,118.19 |
| Current liabilities |
(22,955.10) |
(22,314.25) |
| Total net assets at 5 April 2021 |
**3,265,300.89 ** |
2,894,142.03 |