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