| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 5 |
| Report ofthe independent Auditors |
6 | to | 8 |
| Statement ofFinancial Activities | |||
| Balance Sheet | 10 | ||
| Notes to the Financial Statements | 11 | to | 20 |
| Detailed Statement of Financial Activities | 21 | io | 22 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Unrestricted | Total | ||||
| funds | funds | ||||
| Notes | E | ||||
| INCOME AND ENDOWMENTS | FROM | ||||
| Investment income |
353637 | 345 352 | |||
| EXPENDITURE ON | |||||
| Raising funds | 61,245 | 70,435 | |||
| Charitable activities |
|||||
| Charitable activities |
319976 | 250 992 | |||
| Total | 381221 | 321427 | |||
| Net gains/(losses) | on investments | ~1,069,761 | 1,155583 | ||
| NET INCONIE/(EXPENDITURE) | (1,087,345) | 1,179,508 | |||
| RECONCILIATION | OF FUNDS | ||||
| Total funds brought | forward | 12,029,497 | 10,849,989 | ||
| TOTAL FUNDS CARRIED FORWARD | 10942,152 | 12,029,497 |
| 2022 | 2021 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| funds | funds | ||
| Notes | 6 | E | |
| FIXEDASSETS | |||
| Investments | 12 | 10,666,878 | 11,862,311 |
| CURRENT ASSETS | |||
| Debtors | 13 | 6,474 | 5,102 |
| Cash at bank | 379,704 | 258,448 | |
| 386,178 | 263,550 | ||
| CREDITORS | |||
| Amounts falling due within one year |
14 | (110,904) | (86,364) |
| NET CURRENT ASSETS | 275274 | 177155 | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 10,942,152 | 12,039,497 | |
| CREDITORS | |||
| Amounts falling due after more than one year 15 |
(10,000) | ||
| NET ASSETS | 10,942,152 | 12,029497 | |
| FUNDS | 16 | ||
| Unrestricted funds |
10,942,152 | 12,029,497 | |
| TOTAL FUNDS | 10942 152 | 12 029,497 |
| Grant | |||||||
|---|---|---|---|---|---|---|---|
| funding | of | ||||||
| Direct | activities | Support | |||||
| Costs (see | (see note | costs (see | |||||
| note 5) | 6) 5 |
note 7) 5 |
Totals 5 |
||||
| Charitable | activities | 10,000 | 282,321 | 27655 | 319,976 | ||
| 5. | DIRECT COSTS OF CHARITABLE ACTIVITIES | ||||||
| 2022 | 2021 | ||||||
| 5 | |||||||
| Prizes awarded | 10,000 | ||||||
| 6. | GRANTS | PAYABLE | |||||
| 2022 | 2021 | ||||||
| 5 | |||||||
| Charitable | activities | ~282 321 | 226,211 |
| Grants | |||||||
|---|---|---|---|---|---|---|---|
| b/f | Awarded | Grant | Paid in | Due | |||
| 01/01/2022 | in year | cancelled | year | 31/12/2022 | |||
| Alive Activities Ltd |
2,000 | 2,000 | |||||
| Alexandra Park Greenhouse |
|||||||
| Group | 2,000 | 2,000 | |||||
| Ansar Projects | 533 | (533) | |||||
| Ashburnham Christian |
Trust | 1,100 | (1,100) | ||||
| Ashmolean Museum of |
Art | 10,000 | (10,000) | ||||
| Ashton School (Friends | of) | 3,000 | (3,000) | ||||
| Atkinson Development |
Trust | 3,000 | (3,000) | ||||
| Avenue House Estate |
Trust | 500 | (500) | ||||
| Avon Wildlife Trust | 1,000 | 1,000 | |||||
| Bath Society of Botanical Artists | 810 | (810) | |||||
| Beamish Museum | 5,000 | 5,000 | |||||
| Beth Chatto Education | Trust | 1,860 | 1,860 | ||||
| Better Braybrooke | 1,500 | (1,500) | |||||
| Botanic Gardens Education |
|||||||
| Network | 2,000 | (2,000) | |||||
| Botanical Society of Britain & | |||||||
| Ireland | 5,000 | (5,000) | |||||
| Camphill MK Communities |
2,000 | (2,000) | |||||
| Camphill Village Trust |
5,000 | (5,000) | |||||
| Cardiff Conservation Volunteers |
1,478 | (1,478) | |||||
| Chelsea Physic Garden | 5,000 | (5,000) | |||||
| Cheviot Youth | 1,500 | (1,500) | |||||
| Children's Foundation |
3,000 | (3,000) | |||||
| Clydeside Initiative for |
Arts Ltd | 3,000 | (3,000) | ||||
| Community Heart Productions |
3,000 | (3,000) | |||||
| Creasing Temple (Friends of) |
4,500 | (3,000) | 1,500 | ||||
| Curly's Legacy | 1,000 | (1,000) | |||||
| Dartmouth Park (Fnends of) |
1,400 | (1,400) | |||||
| Dunoon Burgh Hall Trust |
3,000 | (3,000) | |||||
| Easington Lane Community |
|||||||
| Access Point | 1,000 | (1,000) | |||||
| Ecological Continuity Trust |
1,500 | (1,500) | |||||
| Edinburgh & Lothian Health |
|||||||
| Trust | 4,000 | 4,000 | |||||
| English Heritage |
8,100 | (8,100) | |||||
| Faithworks | 2,000 | (2,000) | |||||
| FEAT Trading CIC |
3,500 | 3,500 | |||||
| Fortescue Garden Trust |
10,000 | (10,000) | |||||
| Freedom from Torture | 4,000 | (4,000) | |||||
| Future Trees | 5,000 | (5,000) | |||||
| Gainsborough's House |
20,000 | 30,000 | (40,000) | 10,000 | |||
| Glencoe Folk Museum | 2,400 | 2,400 | |||||
| Great Dixter Charitable | Trust | 5,000 | (5,000) | ||||
| Greenheart Growers |
2,000 | (2,000) | |||||
| Greysteel Community |
Heritage | 500 | (500) | ||||
| Groundwork Northants |
5,000 | (5,000) | |||||
| Grow | 5,000 | (5,000) | |||||
| Hampton Court Palace |
|||||||
| Florilegium | 1,500 | (1,500) |
| GRANTS PAYABLE - con | tinued | |||||
|---|---|---|---|---|---|---|
| Heseltine Gallery (Friends |
of) | 1,500 | (1,500) | |||
| Hextol Foundation | 2,000 | (2,000) | ||||
| Ikon Gallery Imperial War Museums Kingshill House |
5,000 2,000 750 |
(5,000) | 2,000 750 |
|||
| Madhyamika Kadampta Buddhist Centre |
2,000 | 2,000 | ||||
| Mafwa Theatre CIC | 3,000 | 3,000 | ||||
| Maltings (Berwick) Trust |
3,020 | (3,020) | ||||
| Mill Water School PTA (Friends | ||||||
| of) Minstead Trust |
500 6,675 |
(500) (6,675) |
||||
| National Galleries of Scotland |
5,000 | (5,000) | ||||
| Northampton Hope Centre |
5,000 | 5,000 | ||||
| Northumberland Community |
||||||
| Enterprises Options for Life |
400 1,000 |
(400) (1,000) |
||||
| Organiclea Pallant House Gallery Professional Gardeners' Trust |
5,000 | 5,000 15,000 |
(5,000) | 5,000 15,000 |
||
| QEST | 10,000 | 10,000 | ||||
| Radipole Park and Gardens (Friends of) Riana Development Network |
1,000 3,500 |
(3,500) | 1,000 | |||
| River House Trust | 500 | (500) | ||||
| Root & Branch | 3,850 | (3,850) | ||||
| Royal Albert Memorial Trust | 4,000 | 4,000 | ||||
| Royal Caledonian Horticultural Society Royal Horticultural Society |
4,000 10,000 |
(10,000) | 4,000 | |||
| Royal Pavilion and Brighton Museums Trust RAMM |
10,000 | (10,000) | ||||
| Royal Society of Sculptors Rule ofThrees |
1,000 | 5,000 | (5,000) | 1,000 | ||
| Ruskin Mill Trust |
4,000 | (4,000) | ||||
| Salisbury Centre |
500 | (500) | ||||
| Scotswood Garden | 2,500 | (2,500) | ||||
| Springhead Trust St George's Hospital Charity |
1,170 4,000 |
(4,000) | 1,170 | |||
| Staying Put Stevenage Community |
4,000 | 2,000 | (2,000) (4,000) |
|||
| Allotment | ||||||
| Stewarts Burnby Hall Gardens Strength 8 Stem |
4,000 | 4,750 | (4,000) (4,750) |
|||
| Surrey Docks Farm Provident | ||||||
| Society The Bridge at Waterloo |
3,500 | 2,500 | (2,500) (3,500) |
|||
| The Gardens Trust | 3,000 | (3,000) | ||||
| The Harington Scheme |
5,000 | (5,000) | ||||
| The Orchard Project |
6,000 | (6,000) | ||||
| The Wilderness Trust |
1,000 | (1,000) | ||||
| Tower Hamlets Cemetery (Friends of) |
Park | 3,885 | (3,885) | |||
| Towner Eastbourne | 2,000 | (2,000) | ||||
| Tuppenny Barn Education Ufton Court Educational Trust |
2,000 7,000 |
2,000 7,000 |
||||
| V22 Communities | 1,000 | (1,000) |
| GRANTS PAYABLE - | contin | u | ed | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Vauxhall City Farm |
2,500 | (2,500) | |||||||
| Walking with the Wounded |
3,125 | (3,125) | |||||||
| Wellsbourne Healthcare |
CIC | 3,200 | (3,200) | ||||||
| West End Women and | Girls | ||||||||
| Centre | 2,000 | (2,000) | |||||||
| West House + Heath Robinson | |||||||||
| Museum Trust |
4,000 | 4,000 | |||||||
| West Yorkshire Print Workshop |
1,000 | (1,000) | |||||||
| Weston Hospicecare | 2500 | 2 500 | |||||||
| SUPPORT COSTS | |||||||||
| Governance | |||||||||
| Management | Finance | Other | costs | Totals | |||||
| 6 | 6 | 6 | |||||||
| Charitable activities |
22,082 | 315 | 411 | 4,847 | 27,655 | ||||
| AUDITORS' REMUNERATION | |||||||||
| 2022 | 2021 | ||||||||
| 6 | 8 | ||||||||
| Fees payable to the charity's | auditors | for | the audit ofthe charity's | ||||||
| financial statements | 3,447 | 3,182 | |||||||
| Auditors' remuneration |
for non | audit | work | 1,400 | 1,270 |
| 10. | STAFF COSTS | ||||
|---|---|---|---|---|---|
| There are no employees | in the | charity (2021:Nil). | |||
| 11. | COMPARATIVES FOR |
THE STATEMENT OF FINANCIAL ACTIVITIES | |||
| Unrestricted | |||||
| funds | |||||
| E | |||||
| INCOME AND ENDOWMENTS | FROM | ||||
| Investment income |
345,352 | ||||
| EXPENDITURE ON | |||||
| Raising funds | 70,435 | ||||
| Charitable activities |
|||||
| Charitable activities |
250,992 | ||||
| Tots I | 321,427 | ||||
| Net gains on investments | 1 155583 | ||||
| NET INCOME | 1,179,508 | ||||
| RECONCILIATION OF |
FUNDS | ||||
| Total funds brought forward |
10,849,989 | ||||
| TOTAL FUNDS CARRIED FORWARD | 12029,497 | ||||
| 12. | FIXEDASSET INVESTMENTS | ||||
| Listed | |||||
| investments | Paintings | Totals | |||
| 8 | |||||
| MARKET VALUE | |||||
| At 1 January 2022 Additions |
11,846,311 1,308,389 |
16,000 | 11,862,311 1,308,389 |
||
| Disposals Revaluations |
(1,428,487) ~1,079.3351 |
4,000 | (1,428,487) ~1,075,335 |
||
| At 31 December 2022 | 10,646,878 | 20,000 | 10,666,878 | ||
| NET BOOK VALUE | |||||
| At 31 December 2022 | 10,646,878 | 20,000 | 10666878 | ||
| At 31 December 2021 | 11,846,311 | 161100 | 11862,311 |
| December 2021 is | as follows |
|||
|---|---|---|---|---|
| Portfolio Holder | MV 2022 | MV 2021 | Fees 2022 | Fees 2021 |
| Walker Grips | 63,036,540 | F3,239,224 | 620,373 | 524,224 |
| Sarasin | 62,974,693 | 53,394,933 | 65,929 | 54,309 |
| Vermeer | 64,635,645 | 55,212,154 | 532,925 | f31,458 |
| Total | 610,646,878 | 611,846,311 | 659,228 | 659,991 |
| 13. | DEBTORS:A | MOUNTS | F | ALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Prepayments | and accrued | income | 6,474 | 5,102 | ||
| 14. | CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||||
| 2022 6 |
2021 f |
|||||
| Accruals and | deferred | income | 8,224 | 8,179 | ||
| Grants payable | 102,680 | 78,185 | ||||
| 110,904 | 86,364 | |||||
| 15. | CREDITORS: | AMOUNTS | FALLING DUE AFTER MORE THAN ONE | YEAR | ||
| 2022 | 2021 | |||||
| E | ||||||
| Grants payable | 10,000 | |||||
| 16. | NIOVEMENT | IN FUNDS | ||||
| Net | ||||||
| movement | At | |||||
| At 1/1/22 | in funds | 31/12/22 | ||||
| 5 | ||||||
| Unrestricted | funds | |||||
| General fund The Finnis Scott Award |
11,629,847 399,650 |
(1,055,684) ~37,66)) |
10,574,163 367,989 |
|||
| 12,029,497 | ~),087 345 | 10,942,152 | ||||
| TOTAL FUNDS | 12 1)29497 | ~t 087 345) | 10,942,152 |
| Incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources f |
expended | losses f |
in funds f |
|||
| Unrestricted | funds | |||||
| General fund The Finnis Scott Award |
352,382 11 255 |
(369,938) ~11,283 |
(1,038,128) ~31,633 |
(1,055,684) ~31,661 |
||
| 363637 | 381 221 | 1 069761 | 1 087,345 | |||
| TOTAL | FUNDS | 363637 | ~381,221) | ~1089761 | ~1D87345 |
| Compar | atives | for movement in funds |
|||
|---|---|---|---|---|---|
| Net | |||||
| movement | At | ||||
| At 1/1/21 f |
in funds F |
31/12/21 f |
|||
| Unrestricted | funds | ||||
| General | fund | 10,497,629 | 1,132,218 | 11,629,847 | |
| The Finnis Scott Award | 352,360 | 47,290 | 399,650 | ||
| 10849989 | 1,179508 | 12029497 | |||
| TOTAL | FUNDS | 1~,849989 | 1,179508 | 12,D29,497 |
| Compara | tive | net movement in fund |
s, included in the abov |
e are as follows | : | |
|---|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | |||
| resources f |
expended f |
losses f |
in funds f |
|||
| Unrestricted | funds | |||||
| General | fund | 334,818 | (321,427) | 1,118,827 | 1,132,218 | |
| The Finnis Scott Award | 10,534 | 36,756 | 47,290 | |||
| 345,352 | ~321,427 | 1,155,583 | 1,179508 | |||
| TOTAL | FUNDS | 345,352 | ~321,427) | 1,155,583 | 1 179,508 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| 6 | ||||
| INCOME AND ENDOWMENTS | ||||
| Investment income |
||||
| Dividends and interest from investment |
quoted | 363637 | ~345352 | |
| Total incoming resources |
363,637 | 345,352 | ||
| EXPENDITURE | ||||
| Investment management Portfolio management Website costs |
costs | 59,228 2,017 |
59,991 9,401 |
|
| Commission paid |
1,043 | |||
| 61,245 | 70,435 | |||
| Charitable activities |
||||
| Prizes awarded | 10,000 | |||
| Grants to institutions | 282,321 | 226,211 | ||
| 292,321 | 226,211 | |||
| Support costs | ||||
| Management HCR Hewitsons |
21,018 | 20,000 | ||
| Finnis Scott Award judges expenses Room hire |
costs & | 872 100 |
||
| Sundry costs | 92 | |||
| 22,082 | 20,000 | |||
| Finance | ||||
| Bank charges | 315 | 329 | ||
| Other | ||||
| Trustees' expenses | 411 | |||
| Governance costs | ||||
| Auditors' remuneration |
3,447 | 3,182 | ||
| Auditors' remuneration |
for | non audit work | 1,400 | 1,270 |
| 4,847 | 4,452 | |||
| Total resources expended | 381,221 | 321,427 | ||
| Net (expenditure)/income and losses |
before gains | (17,584) | 23,925 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| 6 | ||||
| Realised recognised | gains and losses | |||
| Realised gains/(losses) | on fixed asset | |||
| investments | (1~069,761 | 1 | 155583 | |
| Net (expenditure)/income | (1,087,345) | 1,179,508 |