2022-12-31-accounts

Names ofthe trustees for the charity,	Names ofthe trustees for the charity,	ifany, (for example, any custodian trustees)	ifany, (for example, any custodian trustees)
Name		Dates acted if not for whole	ear
Names and addresses	of advisers (Optional	information)
T eofadviser	Name	Address
Legal adviser	Hunters, Katie Martin	9 New Square, Lincoln's Inn, London, WC2A	3QN
Accountant	Trust Accounting, Noel	6 Trull Farm Buildings, Trull, Tetbury, Gloucestershire,		GL8 8SQ
	Cooper
Independent examiner	Dunkley's Chartered	Woodlands Grange, Woodland Lane, Bradley	Stoke,	BS324JY
	Accountants
Investment Managers	Brewin Dolphin Ltd	12Smithfield Street, London, EC1A 9BD
Bankers	Royal Bank ofScotland	Child &Co. Bankers, 1Fleet Street, London,	EC4Y 1BD
Bankem	The Co-operative Bank	St Paula House, 10Warwick Lane, London,	EC4M	7BP
Name ofchief executive or names ofsenior		staff members (Optional information)

	f			d	ment	Trust Deed dated 28/03/2007
How	the	charity	is	constituted		The foundation is constituted	as a charitable	trust.
						he current trustees are members ofthe Nugee family.			New trustees	would
						be appointed by the surviving	or continuing	trustees as	the need arises.

During the year 17applications	During the year 17applications	During the year 17applications	were successfully	made to the Foundation,
of which Bwere new.
Grants and Donations 2022
The Africa n theatre				E 2,500.00
Farlington Defibrillator				E 1,600.00
Faxton Benefice				E 440.00
Musica I Keys				E 1,000.00
Drum Works				E 2,000.00
Wo rid He art Beat				E 2,200.00
Wandsworth Music				E 2,000.00
Clapton Common Boys Club				E 2,000.00
Wyme ring				E 1,000.00
The African theatre				E 2,500.00
Artillery Clerks' Association				E 500.00
Buxton Arts Festival				E 1,000.00
Lake District Summer Music	Ltd			E 1,500.00
Music Illuminated				1,500.00
Wansdworth Music				E 2,000.00
Wiltshire Music Centre				E 2,000.00
Leeds International Pianoforte		Competition		E 1,500.00
Total				E27,240.00
Grants and Donations 2021
South London Strings				E1,500.00
Ernest Read Symphony	Orchestra			E1,500.00
Wiltshire Music Centre	Zone		Club	E1,000.00
City of London Sinfonia				E1,500.00
Aurora Orchestra				E1,500.00
Leeds lnternationalPianoforte			Competition	E1,000.00
Laycock Primary School				E1,500.00
NMC Ltcl				E1,500.00
Olympias Music Foundation				E1,500.00
Gallions Music Trust				E2,000.00
Halle Concerts Society				E2,000.00
London Sinfonietta				E2,500.00
Total				E19,000.00

Briefstatement ofthe	Briefstatement ofthe	Briefstatement ofthe	Briefstatement ofthe	Reserves Policy
charity's policy on reserves				The Foundation does not have a Reserve Policy as such. It is run as an
				Endowment, and the Trustees aim to secure the long-term future ofthe
				Foundation by preserving and growing the Foundation's capital and only
				using the income generated in any year to find the donations made that
				year, limiting grant-giving in any year to the income available.
				The Trustees monitor investment performance and continue to se the
				Investment Managers the task ofpreserving the capital while looking for
				long-term sustainable growth. The Trustees rarely make formal multi-year
				grants and review the level ofgrants they make on an annual basis.
Details of any funds in deficit			materially	N f o unds were in deficit at the year end.
Further financial review details				(Optional information)
You may choose to additional information,		include where		For the year ended 31stDecember, total income from investments amounted to E22,222 compared to E20,979 in the previous year, an
relevant about:				increase of5.9%.Income in the form of donations and gift aid was
~	the charity's principal sources offunds (including			unchanged at E5,000(2021:E5,000).Grants and donations agreed during the year amounted to E27,240 which was an increase of43.37%compared
	any fundraising).			to the previous year when grants 8 donations totalling E19,000were
~	how expenditure has supported the key objectives ofthe charity.			agreed. Governance costs paid during the year amounted to E858, an increase from E360 in 2021;the costs of raising funds (Investment Management fees) decreased by 0.09%from E6,988last year to E6,926 in
~	investment policy		and	the year under review.
	objectives including		any
	ethical investment		policy
	adopted.

		(HARITY OOMMIS~IO	(HARITY OOMMIS~IO	(HARITY OOMMIS~IO	(HARITY OOMMIS~IO	(HARITY OOMMIS~IO	(HARITY OOMMIS~IO	The Nugae	The Nugae	The Nugae	The Nugae	Foundation	Foundation
		FOR	ENGLANO		ANO	WALE
								For		Receipts and payments the period P- .-'c!dwri from 01/01/2022 To						accounts '.icl 31/12/2022				CC~6a
			'		-
	~				~		.	~	~
								Unrestricted income funds					Unrestricted cap its I funds		Endowment	funds	Total	funds		last year
									tothe nearest E				tcthe nearest E		tcthe nearest E		totheneareett.			tctheneereetr.
A1 Recei		ts
Dcrieiccri												4,000								4,000
												1,000								1,000
Investment	Income											22,222						22,222		20,grs
Interest
Sub total			(Gross income				for AR)					27222						27,222		25,979
A2 Asset		and		investment sales
Investments Brewin Dol					hin									210,497			-	2(ortgr		216,440
(Cental)
					Sub	total								210/197				210JI97		216,440
				Total receipts							27,222			210,497			-	237,719		242,419
A3pa ments
Dciieiicriri																				1,500
Grants												27240						27	240	17,500
Inheritance	Tax
Irivcnmcntri Brriwic Dolphin Management Feri Pad/rom ce ital														6,926				6,926		6,988
Interest
Feriri												858							858	360
					Sub	total						28,098						35,02		26,348
A4 Asset		and		investment
urchases
Investments Brewin Dol					hin									219,047				219,047		209,062
(Capital)
					Sub	total								219,047				219,047		209,062
				Total payments							28,098			225,974			-	ts4,071		23s,410
Net ofreceipts/(paymentsj												(876)		(15,477)				(16,362)		7,009
A5 Transfers				between	funds							3,194		3,194
A6 Cash		funds last year end										6,787		22,604						22,382
Cash funds this					year		end					2,717		10,321				13,038		29,391