| Page | |||
|---|---|---|---|
| Reference and administrative | information | ||
| Trustees' Report |
2-4 | ||
| Independent Auditors' |
Report | on the Financial Statements | 5-7 |
| Statement ofFinancial | Activities | ||
| Balance Sheet | |||
| Notes to the Financial | Statements | 10-19 |
| FOR THE | YEAR EN | DED 31 DE | CEMBER 2022 | ||||
|---|---|---|---|---|---|---|---|
| Expendable | |||||||
| endowment | Total | Total | |||||
| funds | funds | funds | |||||
| 2022 | 2022 | 2021 | |||||
| Note | 8 | ||||||
| Income and endowments | from: | ||||||
| Investments | 343,251 | 343,251 | 320,768 | ||||
| Total income and | endowments | 343,251 | 343,251 | 320,768 | |||
| Expenditure on: |
|||||||
| Raising funds | 4 | 64,137 | 64,137 | 67,113 | |||
| Charitable activities |
518,512 | 518,512 | 1,004,832 | ||||
| Total expenditure | 582,649 | 582,649 | 1,071,945 | ||||
| Net expenditure before net (losses)/gains |
on | ||||||
| investments | (239,398) | (239,398) | (751,177) | ||||
| Net (losses)/gains | on investments | (1,317,260) | (1,317,260) | 1,675,572 | |||
| Net (expenditure)/income | (1,556,658) | (1,556,658) | 924,395 | ||||
| Net movement in |
funds | (1,556,658) | (1,556,658) | 924,395 | |||
| Reconciliation of |
funds: | ||||||
| Total funds brought | forward | 14,613,786 | 14,613,786 | 13,689,391 | |||
| Net movement in funds |
(1,556,658) | (1,556,658) | 924,395 | ||||
| Total funds carried forward | 13,057,128 | 13,057,128 | 14,613,786 |
| AS | AT 31 DE | CEMBER 202 | 2 | |||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Note | 5 | F | ||||
| Fixed assets | ||||||
| Investments | 13,129,996 | 14,813,412 | ||||
| 13,129,996 | 14,813,412 | |||||
| Current assets | ||||||
| Debtors | 10 | 19,578 | 22,662 | |||
| Cash at bank and | in hand | 138,809 | 173,940 | |||
| 158,387 | 196,602 | |||||
| Creditors: amounts | falling due within one | |||||
| year | 11 | (203,755) | (270,228) | |||
| Net current liabilities | (45,368) | (73,626) | ||||
| Total assets less | current liabilities | 13,084,628 | 14,739,786 | |||
| Creditors: amounts | falling due after more | |||||
| than one year | 12 | (27,500) | (126,000) | |||
| Net assets | 13,057,128 | 14,613,786 | ||||
| Total net assets | 13,057,128 | 14,613,786 | ||||
| Charity funds | ||||||
| Endowment funds |
13,057,128 | 14,613,786 | ||||
| Restricted funds | ||||||
| Unrestricted funds |
||||||
| Total funds | 13,057,128 | 14,613,786 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| 8 | 8 | |||
| UK Equities | 146,937 | 155,876 | ||
| UK Fixed | Interest | 26,927 | 29,553 | |
| Unit Trust | Equities | 42,991 | 49,301 | |
| Unit Trust | Interest | 27,674 | 27,621 | |
| Overseas | Equities | 10,476 | 24,532 | |
| Overseas | Fixed Interest | 75,211 | 24,553 | |
| Other UK | Investments | 13,035 | 9,332 | |
| Total Investment | income | 343,251 | 320,768 |
| Endowment | Total | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2022 5 |
2022f | 2021 5 |
|||
| Investment | management | fees | 64,137 | 64,137 | 67,113 |
| Total 2021 | 67,113 | 67,113 |
| Grants to | Grants to | Total | Total | |||
|---|---|---|---|---|---|---|
| Institutions | Individuals | funds | funds | |||
| 2022 | 2022 | 2022 | 2021 | |||
| F | 6 | 6 | 6 | |||
| Grants paid to institutions | and individuals | (see | ||||
| note 6) | 392,050 | 6,000 | 398,050 | 935,454 | ||
| Total 2021 | 906,954 | 28,500 | 935,454 |
| Grants paid to inst | i | tutions | ||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| E | 5 | |||||
| Academy ofAncient | Music | 18,000 | ||||
| Alnwick Playhouse | 5,000 | |||||
| Ante Terminum | 12,000 | |||||
| Autism Bedfordshire |
5,000 | |||||
| balletLORENT | 10,000 | |||||
| Bampton Opera | 5,000 | |||||
| Athena Jane Churchill | (10,000) | |||||
| Becket Pageant | 25,000 | |||||
| Bethany Cooper Productions | 2,000 | |||||
| British Tinnitus Association | 5,000 | |||||
| Buxton Arts Festival | Limited | 22,500 | ||||
| Chineke! | 10,000 | |||||
| Citizens ofthe World Choir | 11,000 | |||||
| City Music Foundation | 60,000 | |||||
| Clapton Common Boys Common |
15,000 | |||||
| Clean Break | 10,000 | |||||
| Comar | 10,000 | |||||
| Complicite | 10,000 | |||||
| Concerts in the West |
45,000 | |||||
| Continuo Foundation |
150,000 | |||||
| Coram Shakespeare | Schools Foundation | 10,000 | ||||
| Corbridge Chamber |
Music | Festival | 5,000 | |||
| Create | 45,000 | |||||
| Dash Arts | 5,000 | |||||
| Diverse Abilities | 5,000 | |||||
| Drama Express | 3,000 | |||||
| Dexter Flanders | (3,000) | |||||
| Emma &PJ | (5,000) | |||||
| English Symphony | Orchestra | 5,000 | ||||
| English Toudng Opera |
5,000 | |||||
| Fertile Ground Dance Company | 8,000 | |||||
| Figment Arts | 750 | |||||
| Figure | 10,000 | |||||
| Freedom from Torture | 4,300 | |||||
| Freelancers Make Theatre |
Work | 60,000 | ||||
| Fulham Fest | 3,000 | 4,500 | ||||
| Garage Art Group | 1,000 | |||||
| Garsington Opera |
10,000 | |||||
| Good Chance Theatre | 10,000 | |||||
| Guildhall School of |
Music | and Drama | 20,000 | |||
| Hackney Showroom/New | Future Collective | Ltd | 5,000 |
| FOR T | H | E YEAR ENDED 31 DECEM | BER 2022 | ||
|---|---|---|---|---|---|
| Hofesh Shechter | 20,000 | ||||
| INK | 2,000 | ||||
| InterAct Stroke Support | 5,000 | ||||
| James Cousins Company | 20,000 | ||||
| JMK Trust | 5,000 | ||||
| Kensington Chamber Orchestra |
2,000 | ||||
| Liberty Choir | 30,000 | ||||
| London Handel Society Limited |
10,000 | ||||
| London Music Fund |
20,000 | ||||
| Makani CIC | 10,000 | ||||
| Menagerie Theatre Company |
2,000 | ||||
| National Theatre | 10,000 | ||||
| National Youth Ballet |
8,000 | 10,000 | |||
| New English Ballet Theatre | 10,000 | ||||
| Northern Ballet |
10,000 | ||||
| Northern Opera Group |
12,000 | ||||
| NTD | 5,000 | ||||
| Orchestra ofEarth | |||||
| Parable Dance | 10,000 | ||||
| Park Theatre | 5,000 | ||||
| Peggy Ramsay/Channel | 4 Playwr | ights Awards | 45,000 | ||
| Persona Arts | 1,000 | ||||
| Rabble | 3,000 | ||||
| Regional Screen Scotland | 5,000 | ||||
| Rehearsal Orchestra |
3,000 | ||||
| Royal Academy ofDance | 30,000 | ||||
| Royal Academy ofMusic | 30,000 | 50,000 | |||
| Royal Central School ofSpeech | & | Drama | 15,000 | 5,000 | |
| Royal College of Music | |||||
| Royal Northern College ofMusic |
5,000 | 5,000 | |||
| Sadler's Wells - TrapLord | 25,000 | ||||
| Scene/Change | 20,000 | ||||
| Shining Stars London | 5,000 | ||||
| Soldiers Arts Academy | 5,000 | 10,000 | |||
| Somerset House Trust | |||||
| Sound and Music | 5,000 | ||||
| South East Dance | 12,954 | ||||
| Spectra Ensemble | |||||
| Squint Theatre Company | Ltd | 5,000 | |||
| SWAP'ra | 2,500 | ||||
| Tara Arts | 5,000 | 20,000 | |||
| The Arts Foundation | |||||
| The Choir With No Name | 10,000 | ||||
| The English Concert | 15,000 | ||||
| The Handel House |
|||||
| The Old Vic Theatre Trust | 16,000 | ||||
| Page 15 |
| FOR THE YEAR ENDED 31 | DECEMBER 2022 | |
|---|---|---|
| The Quay Theatre at Sudbury | 10,000 | |
| The Royal Society of Literature | ||
| The Soldiers Arts Academy | ||
| The Walk (Little Amal) | 15,000 | |
| The Wonderful Collective |
(5,000) | 5,000 |
| The Yard | 7,000 | |
| Theatre Artists Fund | 30,000 | |
| Two Moors Festival | 5,000 | 10,000 |
| Wayward Productions |
2,500 | |
| Wexford Festival Opera | 5,000 | |
| Wells Theatre Festival | 11,000 | |
| Young and Inspired | 12,000 | |
| 392,050 | 906,954 |
| Grant | Grant | |||||||
|---|---|---|---|---|---|---|---|---|
| funding | of | Support | Total | Total | ||||
| activities | costs | funds | funds | |||||
| 2022 | 2022 | 2022 | 2021 | |||||
| F | ||||||||
| Charitable | activities | 398,050 | 120,462 | 518,512 | 1,004,832 | |||
| Total 2021 | 935,454 | 69,378 | 1,004,832 | |||||
| Analysis | ofsupport | costs | ||||||
| Grant | ||||||||
| making | Total | Total | ||||||
| activities | funds | funds | ||||||
| 2022 | 2022 | 2021 | ||||||
| F | 6 | 5 | ||||||
| Auditor's | remuneration | -Audit fee | 6,280 | 6,280 | 5,400 | |||
| Auditor's | remuneration | -Accountancy | services | 1,375 | 1,375 | 2,470 | ||
| Professional fees | 112,444 | 112,444 | 61,110 | |||||
| Bank charges | 363 | 363 | 398 | |||||
| 120,462 | 120,462 | 69,378 | ||||||
| Total 2021 | 69,378 | 69,378 |
| Listed | Cash | ||
|---|---|---|---|
| investments | deposits | Total | |
| 6 | F | ||
| Cost or valuation | |||
| At 1 January 2022 | 14,742,478 | 70,934 | 14,813,412 |
| Additions | 2,690,247 | 2,690,247 | |
| Disposals | (2,258,205) | (2,258,205) | |
| Revaluations | (2,184,064) | (2,184,064) | |
| Movement in cash |
68,605 | 68,605 | |
| At 31 December 2022 | 12,990,457 | 139,539 | 13,129,996 |
| Investments at market value comprise: |
||
|---|---|---|
| 2022 | 2021 | |
| 6 | 6 | |
| UK Equities | 4,560,134 | 4,650;327 |
| UK Fixed Interest | 1,020,636 | 774,497 |
| UK Unit Trust Equities | 542,074 | 3,225,431 |
| UK Unit Trust Interest | 263,972 | 843,890 |
| Overseas Equities |
4,387,312 | 4,311,201 |
| Overseas Fixed Interest |
613,394 | 615,132 |
| Other Holdings | 1,602,935 | 322,000 |
| Cash deposits | 139,539 | 70,934 |
| 13,129,996 | 14,813,412 |
| 2022 6 |
2021f |
|---|---|
| 19,578 | 22,662 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| F | 5 | ||||
| Committed | grants | 158,500 | 233,954 | ||
| Other creditors | 11,718 | ||||
| Accruals | 45,255 | 24,556 | |||
| 203,755 | 270,228 | ||||
| 12. | Creditors: | Amounts | falling due after more than one year | ||
| 2022 | 2021 | ||||
| F | |||||
| Committed | grants | 27,500 | 126,000 |