| Trustees | John Christopher | John Christopher | Williams | ||||
|---|---|---|---|---|---|---|---|
| Michael David |
Percy Lewin | ||||||
| Fiona Walwyn | Southey Rogers | ||||||
| John Mills | (Appointed | on 6 December 2021) | |||||
| Gary Sean Ryan | (Appointed | on 6 December 2021) | |||||
| Susan Elizabeth | de Candole | ||||||
| Charity number | 1130890 | ||||||
| Principal address | Cherryfield Cottage |
||||||
| Newtown | |||||||
| Tisbury | |||||||
| Salisbury | |||||||
| SP3 6SS | |||||||
| Auditor | HW Fisher LLP | ||||||
| Acre House | |||||||
| 11-15William | Road | ||||||
| London | |||||||
| NW1 3ER | |||||||
| Bankers | Coutts 5 Co | ||||||
| 440 Strand | |||||||
| London | |||||||
| WC2R OQS | |||||||
| Investment | advisors | Coutts 5 Co | |||||
| 440 Strand | |||||||
| London | |||||||
| WC2R OQS | |||||||
| Solicitors | Batt Broadbent | Solicitors | LLP | ||||
| Minster Chambers | |||||||
| 42-44 Castle Street | |||||||
| Salisbury | |||||||
| Wiltshire | |||||||
| SP13TX |
| Page | |||
|---|---|---|---|
| Trustees' report | 1-3 | ||
| Statement of | trustees' | responsibilities | |
| Independent | auditor's | report | 5-7 |
| Statement of | financial | activities | |
| Balance sheet | |||
| Statement of | cash flows | 10 | |
| Notes to the financial | statements | 11-17 |
| Unrestricted | Unrestricted | |||||
|---|---|---|---|---|---|---|
| funds | funds | |||||
| 2022 | 2021 | |||||
| Notes | f | f | ||||
| Income and endowments | from: | |||||
| Donations and |
legacies | 4,384,086 | 145 | |||
| Investments | 6,927 | 4,213 | ||||
| Other income | 3,238 | |||||
| Total income | 4,394,251 | 4,358 | ||||
| ~ex enditore on: | ||||||
| Raising funds | 1,659 | 1,491 | ||||
| Charitable activities |
50,293 | 38,487 | ||||
| Total resources | expended | 51,952 | 39,978 | |||
| Net gains/(losses) | on investments | 12 | 60,674 | 65,882 | ||
| Net movement | in | funds | 4,402,973 | 30,262 | ||
| Fund balances | at | 1April 2021 | 374,781 | 344,519 | ||
| Fund balances | at | 31March 2022 | 4,777,754 | 374,781 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | f | f | ||||||
| Fixed assets | ||||||||
| Investments | 3,706,353 | 336,406 | ||||||
| Current assets | ||||||||
| Debtors | 15 | 853,063 | ||||||
| Cash at bank | and in | hand | 275,214 | 41,686 | ||||
| 1,128,277 | 41,686 | |||||||
| Creditors: amounts | falling due within one year | 16 | (56,876) | (3,311) | ||||
| Net current assets | 1,071,401 | 38,375 | ||||||
| Total assets less current | liabilities | 4,777,754 | 374,781 | |||||
| Income funds | ||||||||
| Unrestricted | funds | 4,777,754 | 374,781 | |||||
| 4,777,754 | 374,781 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Notes | f | |||||
| Cash flows from operating | activities | |||||
| Cash generated from/(absorbed by) operations |
18 | 3,537,533 | ||||
| Investing activities |
||||||
| Purchase of investments | (3,305,626) | (213,607) | ||||
| Proceeds on disposal of investments | 164,964 | |||||
| Investment income received |
1,621 | 4,213 | ||||
| Net cash used in investing | activities | (3,304,005) | ||||
| Net cash used in financing | activities | |||||
| Net increase/(decrease) in |
cash and cash equivalents | 233,528 | ||||
| Cash and cash equivalents | at beginning | ofyear | 41,686 | |||
| Cash and cash equivalents | at end ofyear | 275,214 |
| Unrestricted | Unrestricted | ||||
|---|---|---|---|---|---|
| funds | funds | ||||
| 2022 | 2021 | ||||
| f | f | ||||
| Donations | and gifts | 145 | |||
| Legacies receivable | 4,384,086 | ||||
| 4,384,086 | 145 | ||||
| 4 | Investments | ||||
| Unrestricted | Unrestricted | ||||
| funds | funds | ||||
| 2022 | 2021 | ||||
| f | f | ||||
| Interest and dividends | 6,919 | 4,198 | |||
| Interest receivable | 8 | 15 | |||
| 6,927 | 4,213 | ||||
| 5 | Other income | ||||
| 2022 | 2021 | ||||
| f | f | ||||
| Proceeds from Wigmore | Hall concert | 3,238 |
| Unrestricted | Unrestricted | ||||
|---|---|---|---|---|---|
| funds | funds | ||||
| 2022 | 2021 | ||||
| f | f | ||||
| Investment | management | fees | 1,659 | 1,491 | |
| 1,659 | 1,491 | ||||
| Charitable | activities | ||||
| 2022 | 2021 | ||||
| f | f | ||||
| Concert expense | 9,431 | 18,503 | |||
| Grant funding of activities | (see note 8) | 16,737 | 14,118 | ||
| Share ofsupport costs (see note 9) | 3,759 | 3,046 | |||
| Share ofgovernance | costs (see note 9) | 20,366 | 2,820 | ||
| 50,293 | 38,487 |
| Unrestricted | Unrestricted | |||
|---|---|---|---|---|
| funds | funds | |||
| 2022 | 2021 | |||
| Grants | to | individuals | 16,737 | 14,118 |
| 16,737 | 14,118 |
| Support costs | |||||||
|---|---|---|---|---|---|---|---|
| Support costs | Governance | 2022 | Support costs | Governance | 2021 | ||
| costs | costs | ||||||
| Administration | cost | 2,700 | 2,700 | 2,178 | 2,178 | ||
| Website cost | 723 | 723 | 612 | 612 | |||
| Other costs | 336 | 336 | 256 | 256 | |||
| Audit fees | 18,450 | 18,450 | |||||
| Accountancy | 1,916 | 1,916 | 2,820 | 2,820 | |||
| 3,759 | 20,366 | 24,125 | 3,046 | 2,820 | 5,866 | ||
| Analysed between |
|||||||
| Charitable activities |
3,759 | 20,366 | 24,125 | 3,046 | 2,820 | 5,866 |
| Unrestricted | Unrestricted | |||
|---|---|---|---|---|
| funds | funds | |||
| 2022 | 2021 | |||
| E | E | |||
| Revaluation | of | investments | 44,564 | 34,554 |
| Gain/(loss) | on | sale of investments | 16,110 | 31,328 |
| 60,674 | 65,882 |
| Listed | Cash in portfolio | Total | ||
|---|---|---|---|---|
| investments | ||||
| Cost or valuation | ||||
| At 1April 2021 | 297,782 | 38,624 | 336,406 | |
| Additions | 3,337,048 | (31,422) | 3,305,626 | |
| Valuation changes |
44,564 | 44,564 | ||
| Dividend & |
interest from portfolio | 5,306 | 5,306 | |
| Management | fees &service charge | (1,659) | (1,659) | |
| Disposals | (99,498) | 115,608 | 16,110 | |
| At 31March | 2022 | 3,579,896 | 126,457 | 3,706,353 |
| Carrying amount | ||||
| At 31March | 2022 | 3,579,896 | 126,457 | 3,706,353 |
| At 31March | 2021 | 297,782 | 38,624 | 336,406 |
| Financial | instruments | instruments | 2022 | 2021 | |||
|---|---|---|---|---|---|---|---|
| f | f | ||||||
| Carrying | amount of | financial assets | |||||
| Instruments | measured | at fair value through | profit or loss | 3,579,896 | 297,782 | ||
| Debtors | |||||||
| 2022 | 2021 | ||||||
| Amounts | falling due | within one year: | f | f | |||
| Prepayments | and accrued income | 853,063 | |||||
| Creditors: amounts | falling due within one | year | |||||
| 2022 | 2021 | ||||||
| f | f | ||||||
| Other creditors | 36,581 | 491 | |||||
| Accruals | 20,295 | 2,820 | |||||
| 56,876 | 3,311 |
| 18 | Cash generated from operations |
Cash generated from operations |
Cash generated from operations |
2022 | 2021 | |||
|---|---|---|---|---|---|---|---|---|
| f | f | |||||||
| Surplus for the year | 4,402,973 | 30,262 | ||||||
| Adjustments for: |
||||||||
| Investment income |
recognised | in | statement | offinancial | activities | (6,927) | (4,213) | |
| Management fees and service |
charge | 1,659 | ||||||
| Gain on disposal of | investments | (16,110) | (31,328) | |||||
| Fair value gains and | losses on investments | (44,564) | (34,554) | |||||
| Movements in working capital: |
||||||||
| (Increase)/decrease | in debtors | (853,063) | 29,750 | |||||
| Increase in creditors |
53,565 | |||||||
| Cash generated from/(absorbed |
by) operations | 3,537,533 | (10,083) | |||||
| 19 | Analysis ofchanges | in net funds | ||||||
| The charity had no | debt during | the year. |