2023-04-05-accounts

			Page
Trustees' Report			1-2
Independent Bxaminer's		Report
Balance Sheet
Statement ofFinancial	Activities
Notes to the Financial	Statements		6-10
Invesnnent Schedule			11-15

The trustees present their annual	The trustees present their annual	report and the Accounts ofthe charity for the year ended 5April 2023.	report and the Accounts ofthe charity for the year ended 5April 2023.	report and the Accounts ofthe charity for the year ended 5April 2023.
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, ihe Charities		Act 2011and Accounting and Reporting by Charities: Statement ofRecommended			Practice
2019applicable to charities preparing			their Accounts in accordance with the Financial Reporting Standard		(PRS)applicable		in the
UK and Republic of Ireland published			in October 2019.
Legal and Administrative Information
Settlor			Vernon James Ellis
Trustees			Vernon James Ellis
			Andrew David Ellis
			Katie Louise Cousins
			Mary Elizabeth Bide
			Mark Bide
Registered Charity Number			1090013
Registered Office			Greengate Farm
			Lurgashag
			Petworth
			GU28 9ET
Bankers			Coutts &Co
			440Strand
			London
			WC2R OQS
Solicitors			Charles Russell Speechlys LLP
			5Fleet Place
			London
			EC4M 7RD
Independent	Examiners		Ms TMohammed BA,FCA
			Couch Bright King &Co
			2Tolherst Court
			Turkey Mill Business Park
			Ashford Road
			Maidstone Kent ME145SF

						2023	2023		2022
					Note	Unrestricted	Resnicted		Total
						Furul	Funds	Total Funds
						6	6
Income
Investment	income					13,553.96		13,553.96	12,790.67
Gifts and donations			received			254,601.69	30,500.00	285,101.69	255,551.90
Total Income						268,155.65	30,500.00	298,655.65	268,342.57
Expenditure
Governance	Costs					11,784.99		11,784.99	11,845.23
Expenditure	on	Charitable Activities				401,400.00	36,233.73	437,633.73	199,733.00
Total Expenditure						413,184.99	36,233.73	449,418.72	211,578.23
Net Expenditure		/Income		before Gains and		(145,029.34)	(5,733.73)	(150,763.07)	56,764.34
Losses
Net Gains/	(Losses)		on investments
Realised						(36,141.79)		(36,141.79)	117,063.98
Realised									(2,419.42)
Movement	in unrealised			Gains/(Losses)		(14,119.49)		(14,119.49)	(23,685.05)
Exchange Gains/(Losses)									13.78
Net Movement		in Funds		in the Year		(19S,290.62)	(5,733.73)	(201,024.35)	147,737.63
At 5April	2022					1,726,252.31	8,845.00	1,735,097.31	1,587,359.68
Net movement		ofresources in the year				(195,290.62)	(5,733.73)	(201,024.35)	147,737.63
At SApril 2023						1,530,961.69	3,111.27	1,534,072.96	1,735,097.31

3.Invest	ment	and Other Income		2023	2022
				8	8
Income	from	UK Listed	and other securities	13,161.92	12,763.83
Interest	received- Coutts			392.04	26.84
				13,553.96	12,790.67
4.Gifts	and	donations	received
Umestricted		Funds		2023	2022
Vernon	Ellis	-stock exchange investments		254,601.69	255,591.90
				254,601.69	255,591.90

Restricted	Funds			2023	2022
				5	f.
New Philanthropy		for	the Arts (NPAC)	2,500.00
Responsible	Influence		in Arts and Culture (RIAC)	28,000.00
				30,500.00

5.Donations to Charitable	Institutions
From Unrestricted Funds
Charitable Donations

2023	2022
f.
401,400.00	199,733.00

5.Donations to Charitable	5.Donations to Charitable	5.Donations to Charitable	Institutions
From Restricted Funds				2023	2022
NPAC (see note 11)				8,233.73
RIAC (see note 11)				28,UUit. UU
				36,233.73
6.Governance Costs				2023	2022
Independent Examiner's		fees		3,420.00	3,420.00
Coutts fees				3,866.86	4,462.38
Trust administration	fees			3,845.00	3,270.00
Coutts Bank charges				653.13	692.85
				11,784.99	11,845.23
7.Programme Related Investments				2023	2022
					6
Balance brought forward
Adjustment for liquidation					(2,419.42)
Realised gain /(loss)					(2,419.42)
Balance

8.Investments listed on arecognised Stork Bxchange	2023	2022
Market Value brought forward	1,425,653.00	1,423,217.00
Additions	664,682.94	555,416.22
	2,090,335,94	1,978,633.22
Disposal proceeds	(704,792.66)	(646,359.15)
Realised Gain/(Loss)	(36,141.79)	117,063.98
Unrealtsed Gain/(Loss)	(14,119.49)	(23,685.05)
Market Value carried forward	1,335,282.00	1,425,653.00

S.Continued
Cash	2023	2022
Coutts &CoCurrent account	99,034.40	201,360.41
Coutts &CoCapital account	&33932	12,869.05
Coutts &CoIncome account
	102,373.72	214,229.46
9.Debtors	2023	2022
Live Music Now -loan	100,000.00	100,000.00
Grange Festival	1,140.00
Dividend	139.22
	101,279.22	100,000,00

10.Creditors			2023	2022
Amounts falling due		within one year		f.
Cout ts Bank	charges		171.98	115.15
HMRC -Gift	aid overpayment		375.00	375.00
Independent	Examiner's fees		3,420.00	3,420.00
Trust administration		fees	895.00	875.00
			4,861.98	4,785.15

As at 5April 2023,	there were no funding or capital commitments,	contingent	liabilities or other
financial commitments for which full provision has not been made in these financial statements.
11.Restricted Eundo				2023	2022
	NPAC		RIAC	Total	Total
			f	f.
Balance brought forward as at 6April 2022		8,845.00		8,845.00	8,845.00
Income received in	the year	2,500.00	28,000.00	30,500.00
	11,345.00		28,000.00	39,345.00	8,845.00
Expenses paid in the year (Note 12)		2,833.73	22,281.57	25,115.30
funds transferred in the year		5,400.00	5,718.43	11,118.43
		8,233.73	28,000.00	36,233.73
Balance carried forward as at 5April 2023		3,111.27		3,111.27	8,845.00
12.Restricted Eundo				2023	2022
					f.
RIAC UK
Expenses				22,281.57
New Philanttuopy	for the Arts
Expenses				2,833.73

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