| Page | |||
|---|---|---|---|
| Reference and administrative | details ofthe Charity, its Trustees and advisers | ||
| Trustees' report | 2-5 | ||
| Independent auditors' |
report | on the financial statements | 6-9 |
| Statement offinancial | activities | 10 | |
| Balance sheet | |||
| Statement ofcash flows | 12 | ||
| Notes to the financial | statements | 13-28 |
| Unrestricted | Endowment | Total | Total | |||||
|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||||
| Note | 2021 F |
2021 f |
2021 | 2020 | ||||
| Income and endowments | from: | |||||||
| Donations and legacies |
1,707 | 1,707 | 871 | |||||
| Investments | 469,563 | 469,563 | 476,671 | |||||
| Total income and | endowments | 471,270 | 471,270 | 477,542 | ||||
| Expenditure on: |
||||||||
| Charitable activities |
388,069 | 388,069 | 526,482 | |||||
| Total expenditure | 388,069 | 388,069 | 526,482 | |||||
| Net income/(expenditure) | before net | |||||||
| gains/(losses) on |
investments | 83,201 | 83,201 | (48,940) | ||||
| Net gains/(losses) | on investments | 2,858,921 | 2,858,921 | (2,059,024) | ||||
| Net movement in funds |
83,201 | 2,858,921 | 2,942,122 | (2,107,964) | ||||
| Reconciliation of |
funds: | |||||||
| Total funds brought | forward | 145,784 | 11,328,473 | 11,474,257 | 13,582,221 | |||
| Net movement in funds |
83,201 | 2,858,921 | 2,942,122 | (2,107,964) | ||||
| Total funds carried forward | 228,985 | 14,187,394 | 14,416,379 | 11,474,257 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Note | |||||||
| Fixed assets | |||||||
| Investments | 10 | 14,090,066 | 9,396,440 | ||||
| 14,O9O,OSS | 9,396,440 | ||||||
| Current assets | |||||||
| Debtors Investments Cash at bank and in |
hand | 11 12 |
102,266 249,047 |
28,296 1,933,507 116,014 |
|||
| 351,313 | 2,077,817 | ||||||
| Creditors: amounts year |
falling due within one | (25,000) | |||||
| Net current assets | 326,313 | 2,077,817 | |||||
| Total assets less current liabilities | 14,416,379 | 11,474,257 | |||||
| Net assets excluding | pension asset | 14,416,379 | 11,474,257 | ||||
| Total net assets | 14,416,379 | 11,474,257 | |||||
| Charity funds Endowment funds |
14 | 14,187,394 | 11,328,473 | ||||
| Restricted funds Unrestricted funds |
14 14 |
228,985 | 145,784 | ||||
| 14,416,379 | 11,474,257 |
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| 2021f | 2021 | |
| Donations | 1,707 | 1,707 |
| Unrestricted | Total | |
| funds | funds | |
| 2020 | 2020 | |
| Donations | 871 | 871 |
| Unrestricted | Total | ||
|---|---|---|---|
| funds | funds | ||
| 2020 | 2020 | ||
| Donations | 871 | 871 | |
| Investment | income | ||
| Unrestricted | Total | ||
| funds | funds | ||
| 2021 | 2021 | ||
| Investment | income | 469,520 | 469,520 |
| Interest received | 43 | 43 | |
| 469,563 | 469,563 |
| Unrestricted | Total | ||
|---|---|---|---|
| funds | funds | ||
| 2020 | 2020 | ||
| Investment | income | 476,427 | 476,427 |
| Interest received | 244 | 244 | |
| 476,671 | 476,671 |
| Grants to | Total | ||
|---|---|---|---|
| Institutions | funds | ||
| 2021 | 2021 | ||
| F | |||
| Grants | payable | 378,276 | 378,276 |
| Grants to | Total | ||
| Institutions | funds | ||
| 2020 | 2020 | ||
| Grants | payable | 516,931 | 516,931 |
| 2021 | 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Disadvantaged | / Disabled | / | Children | 8,Young People Care Institution | |||||
| Parents and Carers | Support | Organisation | (PACSO) | 10,000 | 5,000 | ||||
| Elizabeth Foundation |
6,000 | ||||||||
| Winston's Wish |
5,000 | 5,000 | |||||||
| St Bamabas | 5,000 | ||||||||
| Kidscamp | 4,260 | ||||||||
| The Prince's Trust | 4,000 | 12,000 | |||||||
| Honeypot | 2,500 | ||||||||
| Dreams Come True | Charity | 2,000 | 2,500 | ||||||
| Alike | 30,000 | ||||||||
| The Sick Children's | Trust | 5,000 | |||||||
| Halow Project | 5,000 | ||||||||
| Chichester Bell Tower |
Drop-in Centre | 3,000 | |||||||
| Jamie's Farm | 2,500 | ||||||||
| Chichester Information |
Shop | for Young | People | 2,000 | |||||
| 38,760 | 72,000 | ||||||||
| Disadvantaged | / Disabled | / | Homeless | Adult Care Institutions | |||||
| Electric Umbrella | 10,000 | ||||||||
| Homestart | 5,000 | 5,000 | |||||||
| Re-Engage | 5,000 | ||||||||
| Stonepillow | 4,000 | ||||||||
| Voluntary Action |
Arun | and Chichester | (VAAC) | 3,885 | 2,500 | ||||
| Only Connect | 3,000 | ||||||||
| Listening Books | 3,000 | ||||||||
| West Sussex Mind | 2,500 | ||||||||
| Petworth Cottage |
2,000 | ||||||||
| Age UK | 2,000 | 5,000 | |||||||
| Dementia Support- |
Sage House | 5,000 | |||||||
| Life Centre | 5,000 |
| NOTES TO THE FINANCIAL STATEMENTS | NOTES TO THE FINANCIAL STATEMENTS | NOTES TO THE FINANCIAL STATEMENTS | |||||
|---|---|---|---|---|---|---|---|
| FOR THE YEAR ENDED 31 MARCH 2021 | |||||||
| 2021 | |||||||
| Disadvantaged / Disabled |
/ | Homeless | Adult Care Institutions | ||||
| (continued) | |||||||
| West Sussex MIND | 5,000 | ||||||
| Life | 3,000 | ||||||
| HF Trust | 3,000 | ||||||
| 40,385 | 33,500 | ||||||
| Medical Research | / Medical | Institutions | |||||
| Hope for Tomorrow | 10,000 | ||||||
| MacMillan Cancer |
Research | 10,000 | |||||
| Breast Cancer Haven | 5,000 | 5,000 | |||||
| Dementia Support |
2,500 | ||||||
| RNIB | 1,000 | ||||||
| Riverbank Medical |
Centre | 12,200 | |||||
| Restoration ofAppearance |
and Function | Trust (RAFg | 10,000 | ||||
| University ofBrighton |
5,500 | ||||||
| Marie Curie | 5,000 | ||||||
| Southampton Hospital |
Charity | 5,000 | |||||
| Pregnancy Options |
5,000 | ||||||
| The Rosemary Foundation |
5,000 | ||||||
| Great Ormond Street Hospital | 4,000 | ||||||
| 28,500 | 56,700 | ||||||
| Major Disaster Relief | Funds | ||||||
| Save the Children | 20,000 | ||||||
| Shelterbox | 10,000 | ||||||
| Medecins Sans Frontieres | UK | 20,000 | |||||
| 30,000 | 20,000 | ||||||
| Community 8 Educational |
Institutions | ||||||
| Sussex Community | 30,000 | ||||||
| RPD Foundation | 13,000 | ||||||
| North Paddington | Foodbank | 5,000 | |||||
| Care for Veterans | 5,000 | ||||||
| Camelsdale Primary School |
5,000 | ||||||
| Interim | 5,000 | ||||||
| Chichester Food Bank |
5,000 | 10,000 | |||||
| Midhurst Angels |
2,000 | ||||||
| Tyler's Trust | 2,000 |
| FOR THE Y | EAR ENDED 31 MARCH 2 | 021 | |||
|---|---|---|---|---|---|
| 202 I | 20"0 | ||||
| Community & Educational |
Institutions | (continued) | |||
| Carers Support - West | Sussex | 2,000 | |||
| South Downs National | Park | 15,000 | |||
| Easeboume Parish |
10,000 | ||||
| Rogate School | 10,000 | ||||
| Tandem | 10,000 | ||||
| Midhurst Primary School |
5,000 | ||||
| Selsey Community Forum |
4,000 | ||||
| Midhurst Rother College |
3,000 | ||||
| UKHarvest | 2,500 | ||||
| 74,000 | 69,500 | ||||
| International | |||||
| Island Academy (Antigua) |
32,854 | 24,088 | |||
| Liv Foundation | 10,000 | ||||
| High Commission (Antigua) |
5,000 | ||||
| Mondo Challenge (Nepal) |
5,000 | ||||
| National Sailing Academy |
(Antigua) | 3,883 | 12,509 | ||
| Friends ofthe Care Project | (Antigua) | 3222 | 10,054 | ||
| Fauna &Flora International | (Antigua) | 10,000 | |||
| David Knott Foundation | 10,000 | ||||
| TBAlert (India) | 10,000 | ||||
| Street Child (Africa) | 10,000 | ||||
| Five Talents (Africa) |
5,000 | ||||
| Footsteps (Africa) |
5,000 | ||||
| Microloan Foundation |
(Malawi 8 Zambia)21 | 5,000 | |||
| Excellent Development | (Africa) | 5,000 | |||
| 59,959 | 106,651 | ||||
| Environmental | |||||
| Organic Research | 15,000 | ||||
| The Climate Movement | 5,000 | ||||
| ClientEarth | 10,000 | ||||
| 20,000 | 10,000 |
| NOTES TO | NOTES TO | THE FINANCIAL STATEMENTS | |||||
|---|---|---|---|---|---|---|---|
| FOR | THE | YEAR ENDED 31 MARCH 2021 | |||||
| 2020 | |||||||
| Music | |||||||
| Sound & Music |
50,000 | ||||||
| Royal Philharmonic | Society | 8,000 | 10,000 | ||||
| National Opera Studio |
5,000 | 10,000 | |||||
| NMC Recordings | 5,000 | 5,000 | |||||
| Royal Opera House | 5,000 | ||||||
| Music Theatre Wales | 5,000 | ||||||
| Britten Pears Arts | 5,000 | ||||||
| Opera Prelude | 3,672 | ||||||
| London Sinfonetta | 25,000 | ||||||
| Guildhall School of |
Music | 10,000 | |||||
| Glyndebo urn e | 10,000 | ||||||
| Royal College ofMusic | 10,000 | ||||||
| London Philharmonic |
Orchestra | 10,000 | |||||
| Snape Maltings | 10,000 | ||||||
| Petworth Festival |
10,000 | ||||||
| Opera Holland Park |
7,500 | ||||||
| Future Talent | 7,500 | ||||||
| RVW Trust | 5,000 | ||||||
| Childrens Concerts |
5,000 | ||||||
| Dartington Hall |
4,000 | ||||||
| Nash Emsemble | 2,580 | ||||||
| Wild Plum Arts | 2,500 | ||||||
| London Schools Symphony | Orch | estra | (LSSO) | 2,500 | |||
| Shadwell Opera |
2,000 | ||||||
| 125,432 | 220,580 | ||||||
| Total grants payable | 378,276 | 516,931 | |||||
| 6. | Analysis ofexpenditure |
on charitable | activities | ||||
| Summary by fund type |
| Unrestricted | Total | ||
|---|---|---|---|
| funds | funds | ||
| '2021 | 2021 | ||
| Charitable | activities | 388,069 | 388,069 |
| Unrestricted | Restricted | Total |
|---|---|---|
| funds | funds | funds |
| 2020 | 2020 | 2020 |
| 377,902 | 148,580 | 526,482 |
| Grant | ||
|---|---|---|
| funding of |
Support | Total |
| activities | costs | funds |
| 2021f | 2021 | 2021f |
| 378,276 | 9,793 | 388,069 |
| Grant | ||||
|---|---|---|---|---|
| funding ot | Support | Total | ||
| activities | costs | funds | ||
| 2020 | 2020 | 2020 | ||
| Charitable | activities | 516,931 | 9,551 | 526,482 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Fees payable | to the Charity's | auditor for the audit ofthe Charity's | annual | ||
| accounts | 6,600 | 6,498 |
| Listed | ||||
|---|---|---|---|---|
| investments | ||||
| Cost or valuation | ||||
| At 1 April 2020 | 9,396,440 | |||
| Additions | 2,760,945 | |||
| Disposals | (714,984) | |||
| Revaluations | 2,647,665 | |||
| At 31 March 2021 | 14,090,066 | |||
| Net book value | ||||
| At 31 March 2021 | 14,090,066 | |||
| Af31March 2020 | 9,396,440 | |||
| All the fixed asset investment | are held in the UK |
|||
| Material investments | ||||
| 2021 | 2020 | |||
| E | ||||
| ASI World Equity Income Fund | 1,826,700 | 1,476,506 | ||
| Fidelity Multi Asset N-Income |
2,086,688 | 1,884,771 | ||
| Jupiter Monthly Income Fund |
I | 1,629,108 | 1,410,669 | |
| Lazard Global Equity Income | C | 2,057,239 | 1,483,805 | |
| Liontrust Asia Income Fund | I | 2,388,707 | 1,692,543 | |
| Marlborough Multi Cap Income Fund P |
927,340 | 733,162 | ||
| Man GLG Income Fund | 991,287 | |||
| Premier Miton UK Multi Cap | Income B Inc | 735,897 | ||
| Artemis Income Fund Class |
I inc | 728,941 | ||
| BNY Mellon UK Income Inst | Fund W lnc | 718,159 | ||
| Merian UK Equity Income Fund R |
714,984 | |||
| 14,090,066 | 9,396,440 |
| 14. | Statement offunds | Statement offunds | |||||
|---|---|---|---|---|---|---|---|
| Statement | offunds - current | year | |||||
| Balance at | |||||||
| Balance at 1 | Gains/ | 31 March | |||||
| April 2020 | Income | Expenditure | (Losses) | 2021 | |||
| E | |||||||
| Unrestricted | funds | ||||||
| General Funds - all funds |
145,784 | 471,270 | (388,069) | 228,985 | |||
| Endowment | funds | ||||||
| Endowment | Funds - all funds | 11,328,473 | 2,858,921 | 14,187,394 | |||
| Total offunds | 11,474,257 | 471,270 | (388,069) | 2,858,921 | 14,416,379 |
| Stateme | nt | offun | ds -prior year | |||||
|---|---|---|---|---|---|---|---|---|
| Balance at | ||||||||
| Balance af | Transfers | Gain+ | 31March | |||||
| 1April 2019 | Income | Expendifure | inlout | (Losses) | 2020 | |||
| Unrestricted | ||||||||
| funds | ||||||||
| General | Funds | 194,724 | 477,542 | (377,902) | (148,580) | 145,784 | ||
| Endowment | ||||||||
| funds | ||||||||
| Endowment | ||||||||
| Fund | 13,387,497 | (2,059,024) | 11,328,473 | |||||
| Restricted | ||||||||
| funds | ||||||||
| Restricted | Fund | (148,580) | 148,580 | |||||
| Total of | funds | 13,582,221 | (526,482) | (2,059,024) | 11,474,257 |
| Summary |
offunds - cur | rent year | ||||
|---|---|---|---|---|---|---|
| Balance at | ||||||
| Balance at 1 | Gains/ | 31 March | ||||
| April 2020 | Income | Expenditure | (Losses) | 2021 | ||
| E | ||||||
| General funds | 145,784 | 471,270 | (388,069) | 228,985 | ||
| Endowment | funds | 11,328,473 | 2,858,921 | 14,187,394 | ||
| 11,474,257 | 471,270 | (388,069) | 2,858,921 | 14,416,379 |
| Summary offund |
s - prior year | |||||
|---|---|---|---|---|---|---|
| Balance at | ||||||
| Balance at | Transfers | Gaina | 31March | |||
| 1April 2019 | Income | Expenditure | inlout | (Losses) | 2020 | |
| General funds | 194,724 | 477,542 | (377,902) | (148,580) | 145,784 | |
| Endowment | ||||||
| funds | 13,387,497 | (2,059,024) | 11,328,473 | |||
| Restricted funds | (148,580) | 148,580 | ||||
| 13,582,221 | 477,542 | (526,482) | (2,059,024) | 11,474,257 |
| Analysis ofnet assets between funds -curre | nt year | ||
|---|---|---|---|
| Unrestricte | Endowment | Total | |
| d funds | funds | funds | |
| 2021 | 2021 | 2021 | |
| Fixed asset investments | 14,090,066 | 14,090,066 | |
| Current assets | 253,985 | 97,328 | 351,313 |
| Creditors due within one year | (25,000) | (25,000) | |
| Total | 228,985 | 14,187,394 | 14,416,379 |
| Analysis ofnet assets between funds - | prior year | ||
|---|---|---|---|
| Unrestricted | Endowment | Total | |
| funds | funds | funds | |
| 2020 | 2020 | 2020 | |
| Fixed asset investments | 9,396,440 | 9,396,440 | |
| Current assets | 145,784 | 1,932,033 | 2,077,817 |
| 145,784 | 11,328,473 | 11,474,257 |
| Reconciliation ofn |
et | movem | ent | in fun | ds t | o net | cash flow | from operating | activities | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2021f | 2020 | ||||||||||
| Net income/expenditure |
for | the | year | (as | per | Statement | of Financial | ' | |||
| Activities) | 2,942,122 | (2,107,964) | |||||||||
| Adjustments for: |
|||||||||||
| Gains/(losses) on investments |
(2,858,923) | 2,065,786 | |||||||||
| Decrease/(increase) | in | debtors | 28,296 | (28,296) | |||||||
| Increase in creditors |
25,000 | ||||||||||
| Revaluation ofcash |
balance | 10 | 841 | ||||||||
| Net cash provided | by/(used | in) | operating | activities | 136,505 | (69,633) |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Cash | in hand | 351,314 | 2,049,521 | ||
| Total | cash and cash | equivalents | 351,314 | 2,049,521 | |
| 19. | Analysis ofchanges | in net debt |