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||**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|





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|**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|





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|||**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|



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|||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|||





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||**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|



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|||**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|





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|**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|





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||**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|





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||**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|





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||**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|



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||**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|





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||**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|



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|**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|



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||**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|