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|---|---|---|---|
|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|
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|||||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|
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||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|
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|||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|
##
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##
|||||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|
##
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##
|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|||