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|||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|
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|||||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|
##
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|||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|
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|||||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||