2023-04-05-accounts

Names and addresses ofadvisers (Optional	Names and addresses ofadvisers (Optional		information)
T eofadviser Name			Address
Legal Rooks Rider Solicitors LLP			St Magnus EC3R SHD	House, 3	Lower	Thames	Street,		London
Investment LGT Vestra LLP			14Cornhill,	London,	EC3V	3NR
Name ofchief executive or names of senior		staff members		(Optional information)
~ a			~ ~			~ e
Description ofthe charity's trusts
f jn do 1	Trust deed	d	ated 5 0c tober201 1
How the charity is constituted	Trust
Additional governance issues (Optional information)
You may choose to include additional information, where relevant, about:	The Trust is a registered charity, number 1144221, and is constituted under a trust deed dated 5e October 2011. The Trust was established by Elinor Wray Meynell seeking to create a lasting legacy on behalf of herself and her late husband for various charitable organisations.
~ policies and procedures adopted for the induction and training oftrustees;	The Trust does not actively work desired by the donor			fundraise through	and seeks to continue the careful stewardship				the charitable of its existing
	resources.
~ the charity's organisational
structure and any wider	New trustees are appointed by existing					trustees	and	the		Trust	Deed
network with which the charity	provides for		a minimum of	three trustees.
works;
~ relationship with any related
parties;
~ trustees' consideration of
major risks and the system
and procedures to manage
them.

			The objeda of the Trust are the promotion of education of the public in understanding and appreciation of the arts by the provision of such
			grants and donations for such charitable associations, bodies and
			organisations as the Trustees in their absolute discretion shall think fit.
			The Trustees confirm that they have referred to the guidance contained
			in the Charity Commission's general guidance on public benefit when
			reviewing the Trust's aims and objectives when setting the grant making
			policy forthe year.
Summary ofthe main activities undertaken	for	the	The Trust carries out these objects by making grants to the following charitable organisations:-
public benefit in relation to these objects (include within this section the statutory declaration that trustees have			1) The UK Trust for Trinity College Dublin (registered charity number 280693)for the benefit ofTrinity College, Dublin's library; 2) The Chancellor, Masters and Scholars ofthe University of Oxford, (an
had regard to the guidance issued by the Charity Commission on public benefit)			exempt charity) for the benefit ofthe Bodleian Library; 3) The Friends ofCanterbury Cathedral (Registered Charity Number 256575)for the restoration ofthe Cathedral and other Buildings in the Cathedral Close which are in their care and for the benefit ofthe Cathedral Library.
			4) The Friends ofthe British Library (registered charity number 328095)
			5) Deal Music and Arts
			6) The Astor Community Theatre
			In recent years the Trustees have reduced their focus on Trinity College
			Dublin and the British Library but will consider future donations to them if
			suitable projects can be identified.
Additional details of	objectives		and activities (Optional information)
			The Trust has made the initial grants in line with the stated wishes ofthe
			settlor ofthe Trust and in order to achieve its objects for the public benefit
			to advance the education of the public in the understanding and the
			appreciation of the arts. The Trustees will continue to review the grants
			that are made to ensure that they satisfy the public benefit requirements.
			In addition to the specific charitable organisations set out above, the
You inay choose to include further statements, where relevant, about			Trustees are actively considering grants to be made to suitable charitable organisations with similar objects in the St Margaret's Bay area of Dover, Kent (where the Settlor Elinor Wray Meynell spent the majority of her years) and its immediately surrounding area.
~ policy on grantmaking; ~ policy programme related investment;			In this respect the Trustees have been pleased to support Deal Music and Arts and the Astor Community Theatre but will be pleased to consider other local charitable organisations in the arts sector. In
~ contribution made volunteers.	by		particular the Trustees would be interested in something with an acting/drama focus in the St. Margaret's Bay area to complement the
			Deal Music Projects.

				It is the	intention	intention	intention		of the trustees	of the trustees	of the trustees	to achieve a consistent	to achieve a consistent	to achieve a consistent		grant	making	making
Briefstatement ofthe				policy therefore			a small portion of income						will be retained		annually		with a
charity's policy on reserves				view to creating a income yields from					reserve to supplement the grant the investment portfolio may have					making policy when decreased.
				The total weighted					return	of	the	porffolio	was 3.41% after			fees	to	date
				(24/1 0/23).
				The capital		value			increased		to P3,035,584.03 over			the period and				that
				was inclusive		of all			the donations			that we had agreed		to distribute.
				The porffolio		is	well balanced				to	continue	to generate	capital growth				and
				a regular	income			over the		medium		term.
Details ofany funds			materially
in	deficit
Further financial review details				(Optional	information)
You may choose to		include		The charity's		only		source offunds				is donations from Elinor			Wray Meynell.
additional information,			where
relevant about:
~	the charity's principal
	sources offunds (including
	any fundraising);
~	how expenditure	has
	supported the key		objectives
	ofthe charity;
~	investment policy	and
	objectives including		any
	ethical investment		policy
	adopted.
				-
				~	~ ~		~			~		~

								~ ~			~ ~ ~
							Unrestricted			Restricted		Endowment
	Categories		Details					funds			funds		funds
							to	nsamst 6		to nearest 6		to	nearest 6
B1Cash	funds		LGT Investment	Porffolio	—Capital a/c			32,096
			LGT Investment	Porffolio	- Income a/c			9,030
				Total cash funds				41,128
			(agree balances with rscsipis			and payments
						accovci(s))
							Unrestricted			Restricted		Endowment
								funds			funds		funds
			Details				to	nsafsst 6		to nearest 6		to	nsamst 6
B2Other monetary assets
			Details				Fund to which egest bolo			Cost (optional)		Currant value 0 fia
B3Investment assets			LGT Investment	Porffolio			Unrsstrictsd				2,263,760
			Details				Fund to which asset bslon			Cost (optional)		Current value onsl
84Assets retained for		the
charity's	own use
							Fund to which			Amount dus		When dua
			Details				ffsbi	relates			onal	o nal
B5Liabilities
Signed by one ortwo trustees behalf ofall the trustees		on		Signature				Print		Name		Date of a roval
								KAREN		METHOLD
								JOHN		BERGER
													r2023
CCXXR2	accounts (SSj								Meynell		Receipts and	Payments 2023

		Page
Trustees' report
Independent examinef	s report
Statement offinancial	activities
Balance sheet
Notes to the financial	statements	6-10

				Unrestricted	Unrestricted	Total	Total
				funds	funds	2023	2022
				Trust Income	Trust Capital
			Notes	6	6
Income from:
Investment income				50,791		50,791	41,674
UK tax credits				(269)		(269)	(472)
Overseas tax credits				(2,406)		(2,406)	(2,217)
Total income				48,116		48,116	38,985
enditure on:
Donations				30,000		30,000	30,000
Direct charitable	expenditure				40,000	40,000
Governance costs					53,552	53,552	58,328
Total resources	expended			30,000	93,552	123,552	88,328
Net gains/(losses)		on investments			(321,027)	(321,027)	223,467
Net movement in		funds		18,116	(414,579)	(396,463)	174,124
Fund balances at 6April 2022				94,991	3,317,194	3,412,185	3,238,061
Fund balances	at	5April 2023		113,107	2,902,615	3,015,722	3,412,185

				2023	2022
	UK equity	dividends		18,484	20,289
	UK fixed interest			312	114
	UK unit trust			13,375	7,798
	Overseas	equity	dividend	8,168	7,195
	Overseas	fixed	interest
	Overseas	unit trust		10,452	6,278
				50,791	41,674
4	Donations
				2023	2922
				6	6
	Donations	to institutions:
	SeeTrustees' Report			30,000	30,000

Governance	costs
		2023	2022
Professional	fees	14,471	15,931
Accountancy	fees	1,080	1,080
Bank charges			5
Investment	manager fees	38,001	41,312
		53,552	58,328

			Unrestricted	Unrestricted
			funds	funds
			2023	2022
			5	8
Revaluation	of	investments	(602,207)	124,049
Gain/goss)	on	sale ofinvestments	281,180	99,418
			(321,027)	223,467

		Unlisted
		Investments
		8
Cost orvaluation
At 6April	2022	3,222,724
Additions		'I,326,355
Valuation	changes	(602,207)
Disposals		(935,309)
At 5April	2023	3,011,564
Carrying	amount
At 05April	2023	3,011,564
At 05Apdl	2022	3,222,724

Other creditors falling due within one year
	2023	2022
	9	5
Other creditors	33,760	23,760
Accruals and deferred income	3,210	1,080
	36,970	24,840

			Unrestricted	Restricted	Total
			fundsf	funds
Fund	balances at 5Apdl 2023are represented	by:
Trust	Capital Fund		2,902,615		2,902,615
Trust	Income Fund		113,107		113,107
			3,015,722		3,015,722