2022-04-05-accounts

		Page
Trustees' Report		1-2
Independent Examiner's	Report
Salance Sheet
Statement ofFinancial Activities
Notes to the Financial Statements		6-10
Investment Schedule		11-14

The trustees	present	present	their annual	their annual	report and the Accounts of the charity for the year ended 5 April 2022.	report and the Accounts of the charity for the year ended 5 April 2022.	report and the Accounts of the charity for the year ended 5 April 2022.	report and the Accounts of the charity for the year ended 5 April 2022.	report and the Accounts of the charity for the year ended 5 April 2022.
The Accounts		have	been prepared		in	accordance with the accounting		policies set out in note I to the	Accounts and comply			with
the charity's	trust deed, the			Charities		Act 2011and Accounting	and Reporting by Charities: Statement		ofRecommended		Practice
2019applicable		to charities		preparing		their Accounts in accordance with the Financial Reporting Standard				(FRS)applicable		in the
UK and Republic of Ireland				published		in October 2019.
Legal and Administrative Information
Settlor						Vernon James Ellis
Tfllstees						Vernon James Ellis
						Andrew David Ellis
						Katie Louise Cousins
						Mary Elizabeth Bide
						Mark Bide
Registered Charity Number						1090013
Registered Office						Greengate Farm
						Lurgashall
						Petworth
						GU28 9FT
Bankers						Coutts 4r Co
						440Strand
						London
						WC2R OQS
Solicitors						Charles Russell Speechlys	LLP
						5Fleet Place
						London
						EC4M 7RD
Independent	Examiners				D R Cates BA,FCA
						Couch Bright King sr Co
					2Tolherst Court
					Turkey Mill Business Park
						Ashford Road
					Maidstone Kent ME14 5SF

				2022	2022		2021
			Note	Unrestricted	Restricted		Total
				Fund	Fund	Total Funds
Income
Investment income				12,790.67		12,790.67	13,500.80
Gifts and donations	received			255,551.90		255,551.90	33771031
Total Income				268,342.57		268,342.57	351,211.11
Expenditure
Governance Costs				11,845.23		11,845.23	11,329.56
Governance costs							4,455.00
Expenditure on Charitable Activities				199,733.00		199,733.00	152,597.00
Total Expenditure				211,578.23		211,578.23	168,381.56
Net Expenditure /Income		before Gains and		56,764.34		56,764.34	182,829.55
Net Gains/ (Losses)	on investments
Realised				117,063.98		117,063.98	64,271.01
Realised				(2,419.42)		(2,419.42)
Movement in unrealised		Gains/(Losses)		(23,685.05)		(23,685.05)	62,747.63
Exchange Gains/(Losses)				13.78		13.78	(12.17)
Net Movement in Funds		in the Year		147,737.63		147,737.63	309,836.02
At 5 April 2021				1,578,514.68	8,845.00	1,587,359.68	1,277,523.66
Net movement ol resources in the year				147,737.63		147,737.63	309,836.02
At 5April 2022				1,726,252.31	8,845.00	1,735,097.31	1,587,359.68

3.Investment	and Other Income	and Other Income	2022	2021
				f
Income from	UK Listed	securities	12,763.83	13,486.68
Interest received- Cout		ts	26.84	14.12
			12,790,67	13,500.80
4.Gifts and	donations	received
Unrestricted	Funds		2022	2021
Vernon Ellis	-stock exchange investments		255,551.90	335,910.31
			255,551.90	335,910.31

Restricted Funds		2022	2021
		f	5
Donations for New Philanthropy	for the Arts		1,800.00
			1,800.00
Expenses:
Anna Rowe			4,130.00
Laura Sheldon			325.00
			4,455.00
			(2,655.00)

5.Donations to Charitable	Institutions	2022	2021
From Unrestricted Funds			E
Association ol British Orchestras			10,000.00
Beacon Fellows			5,000.00
Benedetti Foundation			1,000.00
Brass for Alrica		21,393.00
Carducci Music Trust		2,500.00
Chichester Festival Theatre		35,000.00
Classical Opera Company			10,000.00
Concordia Foundation			3,000.00
Continuo Foundation		7,000.00
Crux Productions Limited		2,500.00
Dunster Festival		2,500.00
English National Opera			50,000.00
Carried forward		70,893.00	79,000.00

5.Donations to Charitable	5.Donations to Charitable	Institutions	Institutions		2022	2021
From Unrestricted Funds continued						8
Brought forward					70,893.00	79,000.00
Evolve Music					10,00000
Garsington Opera					30,140.00	5,000.00
Ciyndebournc Covid	19Fund					390.00
Grange Park Opera						585.00
Imogen Cooper Music Trust						1,000.00
Leeds International Piano Competition					3,000.00	3,000.00
Les Azuriaies Opera					2,500.00	200.00
London Philharmonic	Orchestra				5,000.00
Magdalen College School					5,000.00
Maggie's Centres						2,500.00
MND Research Centre-University			ol Sheffield		5,000.00
Mustard seed Trust					40,000.00	40,000.00
National Opera Studio						10,000.00
Nicholas Boas Charitable Trust					1,000.00
Orchestra of the age	of Enlightenment				5,000.00
Outcry Ensemble					l,000.00
I'easmarsh Chamber	Music	Festival Trust			1,000.00
Pimlico Musical						2,500.00
Rang De UK -for Accord
Royal Philharmonic	Society				1,000.00	1,000.00
Snaps Maltings - for	Creative Cantpus			activity		2,222.00
Sullivan's Heroes					500.00
Tete a Tete						2,000.00
Theatre ot Sound					10,000.00
Wells Cathedral Chorister Trust					5,000.00
Wigmore Hall Trust					2,200.00	3,200.00
Young Vic					1,500.00
Charitable Donations					199,733.00	152,597.00
5. Donations to Charitable		Institutions
From Restricted funds					2022	2021
NOllE tl1 veal'
6.Governance Costs					2022	2021
					f	6
Independent Examiner's fees					3,420.00	3,120.00
Coutts fees					4,462.38	4,274.34
Karen Wall fees					3,270.00	3,625.00
Coutts Bank charges					692.85	310.22
					11,845.23	11,329.56

7.Programme	Related Investments	Related Investments	2022	2021
				5
Balance brought		forward	2,419.42	2,419,42
Adjustment for		liquidation	(2,419.42)
				2,419.42
Realised gain	/(loss)		(2,419.42)
Balance				2,419.42

8.Investments listed		on	a recognised Stock Exchange	2022	2021
				6	E
Market Value brought		forward		1,423,217.00	1,024,133.21
Additions				555,416.22	910,580.94
				1,978,633.22	1,934,714.15
Disposal proceeds				(646,359.15)	(638,515.79)
Reahsed Gain/(Loss)				117,063.98	64,271.01
Unrealised Gain/(Loss)				(23,685.05)	62,747.63
Market Value carried		forward		1,425,653.00	1,423,217.00
Cash				2022	2021
					5
Coutts &Co Current	account			201,360.41	61,371.94
Coutts &Co Capital account				12,869.05	4,625.93
Cout ts &Co US$ account					161.92
Cout ts &CoIncome account
				214,229.46	66,159.79
9.Creditors, amounts		falling due within one year		2022	2021
				6	6
Coutts Bank charges				115.15	66.53
HMRC -Gilt aid overpayment				375.00	375.00
Independent Examiner's			fees	3,420.00	3,120.00
Trust administration	lees			875.00	875.00
				4,785.15	4,436.53

10.Restricted Funds	10.Restricted Funds	2022	2021
New Philanthropy	for the Arts
Balance at 5 Apri12021		8,845.00	11,500.00
income			1,800.00
Less expenses			(4,455.00)
(see also Note 4)		8,845.00	8,845.00

11.Debtors	2022	2021
	f
Live Music Now -loan	100,000.00	100,000.00
Equalisa tion
	100,000.00	100,000,00

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