2021-04-05-accounts - The Vernon Ellis Foundation

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Settlor		Vernon James	Ellis
Trustees		Vernon James	Ellis
		Andrew David Ellis
		Katie Louise Cousins
		Mary Elizabeth	Bide
		Mark Bide
Registered	Charity Number	1090013
Registered	ORice	Apartment 11.01
		83Buckingham	Palace Road
		London SWIW UAJ
Bankers		Corius &Co
		440 Strand
		Loiicioii
		WC2R OQS
Solicitors		Charles Russell	Speechlys LLP
		5Fleet Place
		Lolidoli
		EC4M 7RD
Independent	Examiners	D RCates BA,FCA
		Couch Bright King &		Co
		First Floor Shropshire		House
		179Tottenhsm	Court	Road
		London WIT 7NZ

				2021	2021		2020
			Note	Unrestricted	Restricted		Total
				Fund	Fund	Total Funds
				6	6
Income
Investment	income			13,500.80		13,500.80	16,860.70
Gifts and donations		received		335,910.31	1,800.00	337,710.31	34,092.50
Total Income				349,411.11	1,800.00	351411.11	50,953.20
Expenditure
Governance	Costs			11,329.56		11,329.56	14,244.19
Governance	costs				4,455.00	4,455.00	16,700.00
Expenditure	on Charitable Activities			152,597.00		152,597.00	191,324.00
Total Expenditure				163,926.56	4,455.00	168,381.56	222,268.19
Net Expenditure /Income before Gains and				185,484.55		185,484.55	(171,314.99)
Net Gains/	(Losses)	on investments
Realised				64,271.01		64,271.01	62,849.4fl
Realised
Movement	in unrealised gains			62,747.63		62,747.63	86,291.30
Exchange gains/(insses)				(12.17)		(12.17)	(20.91)
Net Movement in Funds in the Year				312/I91.02	(2,655.00)	315,146.02	(22,195.12)
At 5April	2020			1,266,023.66	11,500.00	1,277,523.66	1,299,718.78
Net movement ofresources in the year				312,491.02	(2,655.00)	309,836.02	(22,195.12)
At 5 April 2021				1,578,514.68	8,845.00	1,587,359.68	1,277,523.66

3.Investment	and Other Income	and Other Income	2021	2020
			f	f
Income lrom	UK Listed	securities	13,486.68	16,702.17
Interest received- Coutts			14.12	158.53
			13,500.80	16,860.70
4. Gifts and	donations	received
Unrestricted	Funds		2021	2020
			f	f
Vernon Ellis	-stock exchange investments		335,910.31
Vernon Ellis-	cash			5,792.50
Cash for general donations				100.00
			335,910.31	5,892.50

Restricted	Funds		2021	2020
Donations	for New Philmtthropy	tor the Arts	1,800.00	28,200.00
			1,800.00	28,200.00
Expenses:
Anna Rowe			4,130.00	14,000.00
Laura Sheldon			325,00	2,700.00
			4,455.00	16,700.00
			(2,655.00)	11,500.00


5.Donations to Charitable	Institutions	2021	2020
From Unrestricted Funds		f	f
Association ofBritish Orchestras		10,000.00	10,000.00
Beacon Fellows		5,000.00
Benedetti Foundation		1,000.00
Bergen Philharmonic Orchestra			5,000.00
Brass tor Africa			12,000.00
Chichester Festival Theatre			30000.00
Classical Opera Company		10,000.00
Concordia Foundation		3,000.00
English National Opera		' 50,000.00	2,000.00
Carried forward		79,000.00	59,000.00

5.Donations to Charitable	5.Donations to Charitable	Institutions	Institutions	2021	2020
From Unrestricted Funds continued				f
Brought forward				79,000.00	59,000.00
Foundling Museum					5,000.00
Garsington Opera				5,000.00
Glyndebourne Covid 19Fund				390.00
Grange Park Opera				585.00	5,000.00
Huw Watkins- Commission			fee		2,125.00
Imogen Cooper Music Trust				1,000.00
Leeds International Piano Competition				3,000.00
Les Azuriales Opera				200.00
Live Music Now					35,000.00
Lurgashall Church					1,000.00
Lurgashall Village Hall					1,500.00
Maggie's Centres				2,500.00
Meath Epilepsy					1,250.00
Merton Music Foundation					1,000.00
Mustardseed Trust				40,000.00
National Opera Studio				l0,000.00	25,000.00
National Theatre					3,000.00
Opera Rara					5,000.00
Orchestra of the age of Enlightenment					6,000.00
Peasmarsh Chamber Music		Festival Trust			1,000.00
Pctworth Festival					2,000.00
Pimlico Musical				2,500.00
Rang De UK -for Accord
Royal Philharmonic Society				1,000.00	1,000.00
Royal Welsh College Opera					1,000.00
Sacconi String Quartet commission					3,000.00
Sn*pe Maltings - for Creative			Campus activity	2,222.00	25,000.00
Tete a Tete				2,000.09
Wigmore Hall Trust				3,200.00	7,200.00
Young Vic					1,249.00
Charitable Donations				152,597.00	191,324.00
5.Donations to Charitable		Institutions
From Restricted Funds				2021	2020
None in year
6.Governance Costs				2021	2020
				f	6
Charles Russell Speechlys	Fees				660.00
Independent Examiner's	fees			3,120.00	3,120.00
Coutts fees				4,274.34	4,264.66
Karen Wall fees				3,625.00	5,745.00
Coutts Bank charges				310.22	454.53
				11,329.56	14,244.19

7.Programme	Related Investments	Related Investments	2021	2020
			8
Balance brought		torward	2,419.42	2,419.42
Capital commitment
Contributions
Less receipts	from Bridges
			2,419.42	(2,419.42)
Realised gain
Balance			2,419.42	2,419.42

8.Investnients listed	8.Investnients listed	on a recognised Stock Exchange	2021	2020
			f
Market Value brought		forward	1,024,133.21	1,064,384.00
Additions			910,580.94	455,257.73
			1,934,714.I5	1,519,641.73
Disposal	proceeds		(638,515.79)	(644,649.30)
Realised Gain/(Loss)			64,271.01	62,84948
Unrealised	Gain/(Loss)		62,747.63	86,291.30
Market Value carried		forward	1,423,217.00	1,024,133.21
I aah			2021	2020
Cou tts &	Co Current account		61,371.94	108,019.68
Coutts &	Co Capital account		4,625.93	43,775.79
Coutts &	Co US$ account		161.92	0.73
Coutts &	Co Euro account
Cou tts &	Co Income account
			66,159.79	151,796.20

9.Creditors,	amounts	lalling due within one year	lalling due within one year	2021	2020
Coutts Bank	charges			E	E
HMRC -Gift aid overpayment Investment purchases				66.53 375.00	109.81
Independent	Examiner's		fees		674.21
Trust administration		fees		3,120.00	3,120.00
				875,00	2,295.00
				4,436 53	6,199.02
10.Restricted	Funds
				2021	2020
New Philanthropy for the			Arts	f
Balance at 5April 2020 Income				11,500.00	11,500.00
Less expenses				1,800.00
				(4,455.00)
(see also Note Vernon	4)			8,845-00	1I,500.00

11.Debtors
		2021	2020
Live Music	Now -loan	6	f
investment sale proceeds HMRC -Gift aid relief		100,000.00	100,000.00 615.35
Equalisation			4,758.50
		100,000.00	105,373.85

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