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|---|---|---|---|
|Reference and administrative||information||
|Trustees'<br>Report|||2-4|
|Independent<br>Auditors'|Report|on the Financial Statements|5-7|
|Statement ofFinancial|Activities|||
|Balance Sheet||||
|Notes to the Financial|Statements||10-19|





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|||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<br>on:||||||||
|Raising funds||||4|64,137|64,137|67,113|
|Charitable<br>activities|||||518,512|518,512|1,004,832|
|Total expenditure|||||582,649|582,649|1,071,945|
|Net expenditure<br>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<br>in|funds||||(1,556,658)|(1,556,658)|924,395|
|Reconciliation<br>of|funds:|||||||
|Total funds brought|forward||||14,613,786|14,613,786|13,689,391|
|Net movement<br>in funds|||||(1,556,658)|(1,556,658)|924,395|
|Total funds carried forward|||||13,057,128|13,057,128|14,613,786|





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||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<br>funds||||13,057,128||14,613,786|
|Restricted funds|||||||
|Unrestricted<br>funds|||||||
|Total funds||||13,057,128||14,613,786|





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||||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|



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||||Endowment|Total|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2022<br>5|2022f|2021<br>5|
|Investment|management|fees|64,137|64,137|67,113|
|Total 2021|||67,113|67,113||





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||||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||





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|Grants paid to inst|i|tutions|||||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||E|5|
|Academy ofAncient||Music||||18,000|
|Alnwick Playhouse||||||5,000|
|Ante Terminum||||||12,000|
|Autism<br>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<br>Boys Common||||||15,000|
|Clean Break|||||10,000||
|Comar||||||10,000|
|Complicite|||||10,000||
|Concerts<br>in the West||||||45,000|
|Continuo<br>Foundation||||||150,000|
|Coram Shakespeare||Schools Foundation|||10,000||
|Corbridge<br>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<br>Opera||||||5,000|
|Fertile Ground Dance Company||||||8,000|
|Figment Arts|||||750||
|Figure|||||10,000||
|Freedom from Torture|||||4,300||
|Freelancers<br>Make Theatre|||Work|||60,000|
|Fulham Fest|||||3,000|4,500|
|Garage Art Group||||||1,000|
|Garsington<br>Opera|||||10,000||
|Good Chance Theatre|||||10,000||
|Guildhall<br>School of|Music||and Drama|||20,000|
|Hackney Showroom/New|||Future Collective|Ltd|5,000||





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||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<br>Chamber Orchestra||||2,000||
|Liberty Choir||||30,000||
|London<br>Handel Society Limited||||10,000||
|London<br>Music Fund|||||20,000|
|Makani CIC||||10,000||
|Menagerie<br>Theatre Company||||2,000||
|National Theatre||||10,000||
|National<br>Youth Ballet||||8,000|10,000|
|New English Ballet Theatre||||10,000||
|Northern<br>Ballet||||10,000||
|Northern<br>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<br>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<br>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<br>House||||||
|The Old Vic Theatre Trust|||||16,000|
||||||Page 15|





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|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<br>Collective|(5,000)|5,000|
|The Yard|7,000||
|Theatre Artists Fund||30,000|
|Two Moors Festival|5,000|10,000|
|Wayward<br>Productions||2,500|
|Wexford Festival Opera|5,000||
|Wells Theatre Festival|11,000||
|Young and Inspired||12,000|
||392,050|906,954|





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|||||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||



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||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<br>in cash||68,605|68,605|
|At 31 December 2022|12,990,457|139,539|13,129,996|



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|Investments<br>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<br>Equities|4,387,312|4,311,201|
|Overseas<br>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|



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|2022<br>6|2021f|
|---|---|
|19,578|22,662|





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|||||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|



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