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2022-04-05-accounts
|
Pages |
| Trustees and Professional Advisers |
1 |
| Trustee's report |
2 - 4 |
| Independent examiner's report |
5 |
| Statement offinancial 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 |
Adam Smith FCA |
|
Scrutton Bland LLP |
|
Chartered Accountants |
|
Fitzroy House |
|
Crown Street |
|
Ipswich |
|
Suffolk |
|
IP1 3LG |
| Bankers |
Barclays Bank Pic |
|
Level 12 |
|
I Churchill Place |
|
London |
|
E145HP |
|
Aldemore Bank Pic |
|
6th Floor |
|
The Monument Building |
|
II Monument Street |
|
London |
|
EC3R8AF |
| 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 |
|
|
2022 |
2021 |
|
Notes |
£ |
£ |
| Income from: |
|
|
|
| Investment income |
2 |
75,804.39 |
69,891.00 |
| Total |
|
75,804.39 |
69,891.00 |
| Raising funds |
|
|
|
| Investment management fees |
|
(23,121.03) |
(21,321.42) |
| Charitable activities |
3 |
(190,440.00) |
(171,450.00) |
| Total |
|
(213,561.03) |
(192.771.42) |
| Net expenditure |
|
(137,756.64) |
(122,880.42) |
| Gains on investments |
6 |
342,695.57 |
494,039.28 |
| Net movement in funds |
|
204,938.93 |
371,158.86 |
| Reconciliation of funds |
|
|
|
| Fund balances brought forward |
|
3,265,300.89 |
2,894,142.03 |
| Fund balances carried forward |
10 |
3,470,239.82 |
3,265,300.89 |
|
|
2022 |
2022 |
|
2021 |
|
Notes |
£ |
£ |
£ |
£ |
| Fixed assets |
|
|
|
|
|
| Investments |
6 |
|
3,457,347.54 |
|
3,234.908.20 |
| Current assets |
|
|
|
|
|
| Debtors |
7 |
2,236 32 |
6,558.20 |
|
|
| Cash at bank and in hand |
|
50,731 46 |
46,789.59 |
|
|
|
|
52,967 78 |
53.347.79 |
|
|
| Creditors: amounts falling due within |
|
|
|
|
|
| one year |
8 |
(40,075.50) |
(22,955 |
10) |
|
| Net current assets |
|
|
12,892.28 |
|
30,392.69 |
| Total assets less current liabilities being net |
|
|
|
|
|
| assets |
|
|
3,470,239.82 |
|
3.265.300 89 |
| Income funds |
|
|
|
|
|
| Unrestricted funds |
10 |
|
3,470,239 82 |
|
3.265.300 89 |
|
|
|
3,470,239.82 |
|
3.265,300.89 |
|
|
|
3^X^2jC-C |
|
|
| I he financial statements were authorised for issue and approved by |
|
|
the Trustees on frTr.T |
|
|
|
UK |
Overseas |
Total |
Total |
|
2022 |
2022 |
2022 |
2021 |
|
£ |
£ |
£ |
£ |
| Income from listed investments |
61,720.13 |
12,386.05 |
74,106.18 |
66,233.62 |
| Aldermore interest |
1,688.22 |
- |
1,688.22 |
3.632.73 |
| Bank and broker interest |
9.99 |
- |
9.99 |
24.65 |
|
63,418.34 |
12,386.05 |
75,804.39 |
69.891.00 |
|
|
Total |
Total |
|
|
2022 |
2021 |
|
|
£ |
£ |
| Grants |
(3.1) |
160,500.00 |
131,500.00 |
| Governance costs |
(3.2) |
29,940.00 |
39,950.00 |
|
|
190,440.00 |
171,450.00 |
| **3 ** |
Charitable activities |
|
(Continued) |
|
3.1 Grants payable |
2022 |
2021 |
|
|
£ |
£ |
|
Grants during the year comprise: |
|
|
|
Afasic |
1,000.00 |
1,000.00 |
|
Almeida Theatre Company |
1,000.00 |
1,000.00 |
|
Alzheimer's Research UK |
1,000.00 |
1,000.00 |
|
Amref HealthAfrica |
2,000.00 |
- |
|
Anne Frank Trust UK |
1,000.00 |
1,000.00 |
|
Anthony Nolan |
2,000.00 |
2,000.00 |
|
Arthritis Care (Now Versus Arthritis) |
1,000.00 |
1,000.00 |
|
Asthma UK |
1,000.00 |
- |
|
Awards for Young Musicians |
1,000.00 |
1,000.00 |
|
Battersea Arts Centre |
1,000.00 |
1.000.00 |
|
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 |
|
Carers UK |
2,000.00 |
2,000.00 |
|
Centrepoint Soho |
4,000.00 |
4,000.00 |
|
The Chicken Shed Theatre Trust |
5,000.00 |
- |
|
Children In Crisis |
- |
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 |
|
City of Birmingham Symphony Orchestra |
1,000.00 |
1,000.00 |
|
Cove Park |
3,000.00 |
- |
|
Crohn's in Childhood Research Association |
1,500.00 |
- |
|
Cystic Fibrosis Trust |
2,000.00 |
2,000.00 |
|
Diabetes UK |
1,000.00 |
1,000.00 |
|
Dyspraxia Foundation |
1,000.00 |
1,000.00 |
|
English National Ballet |
3,000.00 |
3,000.00 |
|
English National Opera |
2,000.00 |
- |
|
Epilepsy Research UK |
1,000.00 |
1,000.00 |
|
The Epilepsy Society |
1,000.00 |
1,000.00 |
|
The Esterson Trust |
2,500.00 |
- |
|
Friends ofthe Israel Opera Trust |
1,000.00 |
- |
|
Balance carried forward |
53,000.00 |
38,500.00 |
|
2022 |
2021 |
|
£ |
£ |
| Balance brought forward |
53,000.00 |
38,500.00 |
| Garsington Opera |
5,000.00 |
- |
| 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 |
1,000.00 |
- |
| The Haven |
2,000.00 |
2,000.00 |
| Headway the Brain Injury Association |
1,000.00 |
1,000.00 |
| Helping Hands for CancerCare |
1,000.00 |
1,000.00 |
| International Medical Corps UK |
2,500.00 |
2,500.00 |
| Jnetics |
- |
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 Music Masters |
1,000.00 |
1,000.00 |
| London Symphony Orchestra Limited |
2,000.00 |
- |
| Lupus UK |
1,000.00 |
1,000.00 |
| Macmillan Cancer Support |
1,000.00 |
3,000.00 |
| Macular Disease Society |
1,000.00 |
1,000.00 |
| Manna UK |
1,500.00 |
1,500.00 |
| Marie Curie Hampstead Hospice |
1,000.00 |
1,000.00 |
| Motor Neurone DiseaseAssociation |
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 |
2,500.00 |
- |
| National GalleryTrust |
- |
1,000.00 |
| National Youth Choir of Great Britain |
1,000.00 |
1,000.00 |
| The National Youth Orchestra of Great Britain |
1,500.00 |
1,000.00 |
| Noam Educational Trust |
2,000.00 |
2,000.00 |
| North London Hospice |
1,500.00 |
1,500.00 |
| Norwood Ravenswood |
1,500.00 |
1,000.00 |
| Old Vic Theatre Trust |
2,000.00 |
- |
| Opera Brava Limited |
1,000.00 |
2,000.00 |
| Ovacome |
1,000.00 |
1,000.00 |
| Pancreatic Cancer UK |
3,000.00 |
3,000.00 |
| Philharmonia Orchestra |
1,000.00 |
1,000.00 |
| Polka Children's Theatre |
1,000.00 |
- |
| 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 |
1,000.00 |
- |
| The Respite Association |
2,000.00 |
2,000.00 |
| Balance carried forward |
121,000.00 |
96,000.00 |
|
2022 |
2021 |
|
£ |
£ |
| Balance brought forward |
121,000.00 |
96,000.00 |
| Revitalise |
1,500.00 |
1.500.00 |
| Rix-Thompson-Rothenberg Foundation |
3,000.00 |
3,000.00 |
| The Royal Free Cancerkin Breast Cancer Trust |
3,000.00 |
3,000.00 |
| The Royal National Institute of Blind People (2021: 2 payments) |
3,000.00 |
5,000.00 |
| The Royal National Institute of Blind People - 2020 |
- |
(2,000.00) |
| The Royal National Theatre |
1,000.00 |
- |
| 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 |
1,000.00 |
| Target Ovarian Cancer |
1,000.00 |
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) |
| The Virtual Doctors |
1,000.00 |
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 |
4,000.00 |
5,000.00 |
| 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 |
|
160,500.00 |
131,500.00 |
|
Governance |
Charitable |
Total |
Total |
|
costs |
activities |
|
|
| Cost type |
|
|
|
|
|
2022 |
2022 |
2022 |
2021 |
|
£ |
£ |
£ |
£ |
| Independent examiner's fees |
3,600.00 |
. |
3,600.00 |
3,480.00 |
| Accountancy fees |
26,520.00 |
- |
26,520.00 |
31,500.00 |
| Accountancyfees - 2021 |
(300.00) |
- |
(300.00) |
4,920.00 |
| Bank charges |
- |
- |
- |
50.00 |
| Independent Examiner's fees - 2021 |
120.00 |
- |
120.00 |
- |
|
29,940.00 |
. |
29,940.00 |
39,950.00 |
|
Listed |
|
|
|
|
investments |
Cash |
Total |
Total |
|
2022 |
2022 |
2022 |
2021 |
|
£ |
£ |
£ |
£ |
| Market Value at 6April 2021 |
2,869,180.41 |
365,727.79 |
3,234,908.20 |
2,876,338.09 |
| Additions |
569,662.12 |
- |
569,662.12 |
500.627.72 |
| Disposals |
(679,526.43) |
- |
(679,526.43) |
(602,215.12) |
| Cash movements |
- |
(10,391.92) |
(10,391.92) |
(33,881.77) |
| Gains on investments |
342,695.57 |
- |
342,695.57 |
494.039.28 |
| Market Value at 5 April 2022 |
3,102,011.67 |
355,335.87 |
3,457,347.54 |
3,234,908.20 |
|
UK |
Overseas |
Total |
Total |
|
2022 |
2022 |
2022 |
2021 |
|
£ |
£ |
£ |
£ |
| Equities |
1,013,688.00 |
1,039,522.00 |
2,053,210.00 |
1,680,352.00 |
| Fixed interest |
543,059.67 |
- |
543,059.67 |
572,626.20 |
| Investment Trusts |
438,133.00 |
- |
438,133.00 |
558,654.00 |
| Gold |
67,609.00 |
- |
67,609.00 |
57,548.00 |
| Cash deposits |
355,335.87 |
- |
355,335.87 |
365,728.00 |
|
2,417,825.54 |
1,039,522.00 |
3,457,347.54 |
3,234,908.20 |
| 2021 |
2,529,438.20 |
705,470.00 |
3,234,908.20 |
|
| Investments comprising 5% or more of the total market value |
|
ofinvestments |
are as follows |
|
|
|
% |
|
|
Apple, Inc. |
5.78 |
|
|
Cash deposits |
10.28 |
|
| 7 |
Debtors: amounts falling due within one year |
|
|
|
|
2022 |
2021 |
|
|
£ |
£ |
|
Accrued income receivable |
2,236.32 |
6,558.20 |
| 8 |
Creditors: amounts falling due within one year |
|
|
|
|
2022 |
2021 |
|
|
£ |
£ |
|
Rathbone Investment Management Limited |
5,955.50 |
5,375.10 |
|
Blick Rothenberg Limited |
26,520.00 |
14,100.00 |
|
Scrutton Bland LLP |
3,600.00 |
3,480.00 |
|
Uncashed cheques |
4,000.00 |
- |
|
|
40,075.50 |
22,955.10 |
| **10 ** |
Movement in funds |
Opening |
Incoming |
ResourcesNet gains on |
ResourcesNet gains on |
Closing |
|
|
funds |
resources |
**expended ** |
investments |
funds |
|
|
2022 |
2022 |
2022 |
**2022 ** |
2022 |
|
|
£ |
£ |
£ |
£ |
£ |
|
Unrestricted funds |
3,265,300.89 |
75,804.39 |
(213,561.03) |
**342,695.57 ** |
3,470,239.82 |
|
|
2021 |
2021 |
2021 |
2021 |
2021 |
|
|
£ |
£ |
£ |
£ |
£ |
|
2021 |
2,894,142.03 |
69,891.00 |
(192,771.42) |
494,039.28 |
3,265,300.89 |
|
Unrestricted |
Unrestricted |
|
funds |
funds |
|
2022 |
2021 |
|
£ |
£ |
| Fund balances at 5April are represented by: |
|
|
| Investments |
3,457,347.54 |
3,234,908.20 |
| Current assets |
52,967.78 |
53,347.79 |
| Current liabilities |
(40,075.50) |
(22,955.10) |
| Total net assets at 5 April 2022 |
**3,470,239.82 ** |
3,265,300.89 |