2023-03-31-accounts - The Company Of Arts Scholars Charitable Trust

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Reference and Administrative Details	Reference and Administrative Details
Chairman's Report
Trustees' Report		3to 6
Statement ofTrustees'	Responsibilities
Independent Auditors'	Report	8to10
Statement of Financial	Activities
Balance Sheet
Notes tothe Financial	Statements	13to 20

Trustees		Mr TG Christopherson	Mr TG Christopherson
		Mr RH Aydon
		Mr JLBarber DL
		Mrs HA Bauer GBE
		Mr PSLViney
		Mrs CMT Munday
		Mrs GE Gough
		Mr AG Willenbruch
Honorary Secretary		Mrs T Draper-Stumm
Charity number		1121954
Administrative	Address	Secretary to the Trustees
		The Company ofArts Scholars Charitable			Trust
		8 Lime Tree Walk
		Sevenoaks
		Kent
		TN13 1YH
Principal Office		Furniture Makers'	Hall
		12Austin Friars
		London
		EC2N 2HE
Auditor		Wenn Townsend	Statutory	Auditor
		Victoria House
		1Q Broad Street
		Abingdon
		Oxon
		GX143LH

STAT	EMENT	OF FINANCIAL	ACTIYITIES FO	R THE YEAR ENDED	31 MARCH 2023
				Unrestricted	Total	Total
				Funds	2023	2022
						R
Income and Endowments		from:
Donations and legacies				43,532	43,532	45,227
Investment income				135,589	135,589	131,022
Other income				2,340	2,340	1,105
Total income				181,461	181,461	1?7,354
Expenditure on:
Raising funds				52,761	52,761	49,717
Charitable activities				182,191	182,191	214,268
Total expenditure				(234,952)	(234,952)	(263,985)
Net gains/ {losses) on investments				134,318	134,318)	427,678
Net movement in funds				(187,809)	(187,809)	341,047
Reconciliation of	funds
Total funds brought	forward			5,042,105	5,042,105	4,701,058
Total funds carried	forward		12	4,854,296	4,854,296	5,042,105

			BALANCE SHEET AS A	T 31 NIARCH 2023
				Note	2023	2022
Fixed assets
Tangible assets
investments					4,595,317	4,776,048
					4,595,317	4,776,048
Current assets
Debtors				10	8,691	8,165
Cash at bank and in hand					318,846	346,995
					32?,537	355,160
Creditors:	Amounts		falling due within one year		(68,558)	(89,103)
Net current	assets				258,979	266,057
Net assets					4,854,296	5,042,105
Funds ofthe		charity:
Unrestricted		Income	funds
Unrestricted					4,854,296	5,042,105
Total funds				12	4,854,296	5,042,105

2 Investment in	come
		Unrestricted	Total	Total
		Funds	2023	2022
		E
Fixed asset investments		133,61?	133,617	130,993
Deposit account	interest	1 972	1 972	29
		135,589	135,589	131,022
ln 2022 investment	income was all unrestricted.

Fundraising	event costs	event costs
Portfolio management		costs
Miscellaneous	direct	costs

Fundraising event costs
Portfolio management costs

Unrestricted	Total
Funds	2023
5,176	5,176
46,413	46,413
1,172	1,172
52,761	52,761
Unrestricted	Total
Funds	2022
1,479	1,479
48,238	48,238
49,717	49,717

					Grant
				Direct	funding of	Support
				costs	activities	costs	Total
					(see note 5)	(see	2023
						note 6)
Management		and	administration	3,301		3,240	6,541
Grants	paid				175,650		175,650
				3,301	175,650	3,240	182 181
					Grant
				Direct	funding of	Support
				costs	activities	costs	Total
					(see note 5)	(see	2022
						note 6)
Management		and	administration	3,860		3,300	7,160
Grants	paid				207,108		207,108
				3,860	207,108	3,300	214,268

THE COMPANY OF ARTS SCHOLARS CHARITABLE TRUST	THE COMPANY OF ARTS SCHOLARS CHARITABLE TRUST	THE COMPANY OF ARTS SCHOLARS CHARITABLE TRUST	THE COMPANY OF ARTS SCHOLARS CHARITABLE TRUST	THE COMPANY OF ARTS SCHOLARS CHARITABLE TRUST
NOTES TO THE		FINANCIAL STATEIIENTS FOR THE YEAR ENDED 31 MARCH 2023
5Grant funding ofactivities		—grants paid				2022
The total grants paid to institutions			during the year were as follows:
Association of Independent	Museums				30,000	50,000
British Museum					20,000	30,000
Royal Collection Trust					15,000
Museum of London					12,500	12,500
V8 A Wedgwood Collection					10,000
West Dean College					9,000	2,000
Guildhall Art Gallery					8,500	8,500
University ofYork					7,500	5,000
Sir John Soane's Museum					6,000
St Paul's Cathedral Foundation					6,000
University ofSussex					6,000	6,000
College of Heralds					5,000
Queen Elizabeth Scholarship		Trust	(GEST)		5,000	5,000
Turner's House					4,200
Art History Link-Up					4,000	8,000
Magic Lantern					4,000
Fry Art Gallery					3,QOQ
Shannon Trust					3,000	3,000
Association ofArt History					2,000	17,00Q
Lord Mayor's Appeal					2,000	2,000
University of Exeter					2,0QQ	2,000
University ofStAndrews					2,000	2,000
University ofWarwick					2,000	2,000
2121 (Abingdon) Squadron	Air Training Corps				1,950
Pollinating London Together					1,000
Sheriffs and Recorders Fund					1,000
University of Reading					1,000	1,QOO
ABF The Soldier's Charity					500	500
HACiLight Cavalry					500
Thames Valley Air Training	Corps				500	1,000
University of London Officer	Training			Corps	500	500
The Foundling Museum						10,000
The Stained Glass Museum						10,000
British Red Cross						5,000
Charleston Trust						5,0QQ
Council ofBritish Archaeology						5,418
Curwen Press						2,500
Dorothy Harrison Museum						1,000
Livery Kitchen Initiative						5,000
National Maritime Museum						4,000
The Charterhouse						1,000
Other grants and awards						190
Total grants paid					175,650	207,108

NOTES TO	THE FINANCIAL STATEMENTS FOR T	HE YEAR ENDED 31 MARCH 2023
6Support costs
		Total	Total
		2023	2022
Audit of the financial statements		3,240	3,000
Legal fees			300
		3,240	3,300
7Trustees remuneration	and expenses

trustee received payment for professional or other services suppl	ied to the charity (2022: anil).
8Tangible fixed assets	Computer
	equipment
	R
Cost
At 1 April 2022	707
At 31 March 2023	707
Depreciation
At 1 April 2022	707
Charge for the year
At 31 March 2023	707
Net book value
At 31 March 2023
At 31 March 2022
9Fixed asset investments
	Listed
	investments
Market value
At 1 April 2022	4,776,048
Revaluation	(180,731)
At 31 March 2023	4,595,317
Net book value
At 31 March 2023	4,595,317
At 31 March 2022	4,776,048

							2023	2022
Gift Aid	recoverable						7,476	8,165
Prepayments							1,215
							8,691	8,165
11Creditors. " amounts				falling due within one year
							2023	2022
The Worshipful Company				ofArts Scholars			6,282	5,082
Arts Scholars		Events Ltd					759	759
Accruals	and	deferred	income				3,240	3,262
Accruals	for grants payable						57,000	80,000
Creditors	Control Account						1,277
							68,558	89,103
12. Funds
					Balance at			Balance at
					1 April	Incoming	Resources	31March
					2022	resources	expended	2023
Unrestricted
General	fund				5,Q42, 1Q5	181,461	(369,270)	4,854,296
					Balance at			Balance at
					1 April	Incoming	Resources	31 March
					2021	resources	expended	2022
							R
Unrestricted
General	fund				4,701,058	605,032	(263,985)	5,042, 1Q5

Investments
Current assets
Current liabilities
Total net assets

Investments
Current assets
Current liabilities
Total net assets

Unrestricted	Total
Funds	2023
4,595,317	4,595,317
327,537 68,558	327,537 ~88,558
4,854,296	4,854,296
Unrestricted	Total
Funds	2022
4,776,048	4,776,048
355,160 89,103	355,160 ~89,103
5,042,105	5,042,105

4Analysis ofnet funds
	Balance at	Net	Balance at
	1 April 2022	movement	31 March
		offunds	2023
Cash at bank and in hand	346,995	(28,149)	318,846
General fund	346,995	(28,149)	318,846
	Balance at	Net	Balance at
	1 April 2021	movement	31March
		offunds	2022
	F
Cash at bank and in hand	303,217	43,778	346,995
General fund	303,217	43,778	346,995