## ## ||||Page| |---|---|---|---| |Report ofthe trustees|||1 to5| |Independent
Examiner's||Report|| |Statement ofFinancial||Activities|| |Balance Sheet|||| |Notes to the Financial|Statements||9to 18| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||Notes|31.12.20|31.12.20|31.12.19| |---|---|---|---|---|---|---|---|---| |||||||Unrestricted|Total|Total| |||||||funds|foods|funds| ||||||||f|f| |Income and Endowments|||from:|||||| |Investment
income||||||31,398|31,398|36,647| |Total Income||||||31,398|31,398|36,647| |Expenditure
on:||||||||| |Raising funds||||||5,943|5,943|6,493| |Charitable
activities||||||188,253|188,253|342,892| |Total Expenditure||||||194,196|194,196|349,385| |Net expenditure|before gains and losses on|||||||| |investments||||||(162,798)|(162,798)|(312,738)| |Net gains/(losses)|on investments|||assets||97,035|97,035|94,970| |Net expenditure||||||(65,763)|(65,763)|(217,768)| |Net movement
in|funds|||||(65,763)|(65,763)|(217,768)| |Reconciliation
offuads||||||||| |Total funds brought||forward||||1,519,998|1,519.998|1,737,766| |Total funds carried||forward|||13|1,454,235|1,454,235|1,519,998| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||||||Total||Total| |---|---|---|---|---|---|---|---|---|---|---| ||||||||31.12.20f|||31.12.19f| ||Interest receivable on bank|||deposits||||42||220| ||Other income||from fixed asset investments|||||31,356||36,427| |||||||||31,398||36,647| ||All ofthe|above investment||income were|attributable|to unrestricted||funds.||| |3.|Expenditure||on raising funds|||||||| |||||||||Total||Total| ||||||||31.12.20f|||31.12.19f| ||Investment|management
fees||||||5,943||6,493| ||All ofthe|above investment||management|fees were attributable||to unrestricted||funds.|| ## |Expenditure
on charita|ble
activities||||| |---|---|---|---|---|---| ||||Total||Total| ||||31.12.20||31.12.19| ||||f||f| |Grant funding ol activities (see note 5)
Governance costs:|||182,824||340,144| |Legal and professional|fees|2,849||176|| |Independent
Examiner fees
Bank charges and interest||2,580||2,580
(8)|| ||||5,429||2,748| ||||188,253||342.892| ## ## |Analysis ofgrants|||||||| |---|---|---|---|---|---|---|---| |||||||31.12.20|31.12.19| |Grants to individuals||||||5,000|| |Grants to institutions||||||177,824|340,144| |||||||182,824|340,144| |The total grants paid and||committed|||to institutions|during the year were as follows:|| |||||||31.12.20|31.12.19| |Garsington
Opera Limited|||||||50,500| |StAlbans School||||||(20,000)|50,000| |Aid BoxCommunity||||||3,200|46,900| |Orchestra ofthe Age of|Enlightenment|||||57,000|25,900| |Science Museum
Foundation|||||||24,000| |Orchestra ofStJohns||||||5,000|20,000| |Royal Academy ofMusic||||||26,500|18,000| |Glyndebourne
Productions||Limited||||20,000|15,000| |ClientEarth||||||30,000|15,000| |Arcangelo|||||||15,000| |StEdmund
Hall In The University||||OfOxford||3,500|10,000| |Oxford Lieder Ltd|||||||7,500| |Tetbury
Music Festival||||||3,500|7,493| |University
ofOxford Development||||Trust|Fund||5.000| |Live Music Now Limited|||||||5,000| |The Ditchley Foundation|||||||3,160| |Amscordi
Limited (IMS|Prussia Cove)||||||3,000| |Instruments
ofTime and|Truth||||||2,500| |Arts at the Old Fire Station|||||||2,500| |Music at Oxford|||||||2,500| |The Wigmore
Hall Trust|||||||2,200| |Classics For All|||||||2,000| |The Royal Shakespeare|Company|||||1,917|1,917| |The Royal National
Theatre|||||||1,178| |St.Mary the Virgin Church|||||||1,000| |Spitalfields
Festival Limited|||||||1.000| |English National
Opera|||||||798| |Gloucestershire
Wildlife|Trust||||||500| |Alliance to Protect Nantucket|||Sound||||398| |Ditchley 1580Fellowship||||||3,160|| |Orchestra
for the Earth||||||1,610|| |Oxford Lieder Ltd||||||5,000|| |StAlbans Cathedral||||||25,000|| |Joseph Middleton? Mahler CD|||sponsorship|||5,000|| |IMS Prussia Cove||||||6,000|| |Gloucestershire
Society||||||5.000|| |Holy Trinity Church||||||1,000|| |Others||||||437|| |||||||182,824|340,144| ## ## |6.|Net expenditure
for the year|Net expenditure
for the year||| |---|---|---|---|---| ||This is stated|aRcr charging:||| ||||Total|Total| ||||31.12.20|31.12.19f| ||Independent|Examiner fees|2,580|2,580| ## |Movement|in fixed a|sset|listed investments:||| |---|---|---|---|---|---| |||||31.12.20f|31.12.19f| |Market value brought||forward at I January 2020||1,557,554|1,706,655| |Additions|to investments||at cost|116,017|179,847| |Disposals||||(165,951)|(407,286)| |Revaluation||||81,999|78,338| |Market value carried||forward at 31 December 2020||1,589,619|1,557,554| |Investments|at fair value||comprised:||| |||||31.12.20|31.12.19f| |Equities|||||| |Bonds|||||| |Multi asset|funds|||1,273,293|I,I91,404| |Alternatives||||309|309| |Cash funds||||316,017|365,841| |||||1,589,619|1,557,554| ## ## |9.|Debtors|||||| |---|---|---|---|---|---|---| |||||31.12.20||31.12.19f| ||Prepayments
and|accrued income||||668| ||Other debtor|||||| |||||||668| ||All prepayments.|accrued income and the other debtor||related to unrestricted|funds.|| |10.|Creditors: amounts||falling due within one year|||| |||||31.12.20f||31.12.19
g| ||Grants payable (see||note 12)|148,077||68,000| ||Accruals|||4,078||4,159| |||||l52,155||72,159| ||All grants payable|and accruals related to unrestricted||funds.||| |11.|Creditors: atnounts||falling due after more than one|year||| |||||31.12.20f||31.12.19f| ||Grants payable (see||note 12)|||65,000| ||All grants payable|related to unrestricted
funds.||||| |12.|Donations
payable|Donations
payable||| |---|---|---|---|---| ||||31.12.20|31.12.19f| ||Amounts
falling|due within one year:||| ||StAlbans School||10,000|10,000| ||Client Earth||15,000|| ||Tetbury
Music Festival||3,000|| ||1MS Prussia Cove||3,000|| ||Ditchley
1580Fellowship||3,160|| ||Royal Shakespeare||1,917|| ||Garsington
Opera|Limited|15,000|15,000| ||Glyndebourne||15,000|| ||Orchestra ofthe Age ofEnlightenment||15,000|| ||St Albans Cathedral||25,000|| ||Aid BoxCommunity||12,000|14,000| ||Science Museum|Foundation|8,000|8,000| ||Orchestra ofSt John' s||5,000|10,000| ||Royal Academy ofMusic||12.000|6,000| ||Arcangelo||5,000|5,000| ||||148.077|68,000| ||Amouats
falling|due after more than one year||| ||St Albans School|||30,000| ||Garsington
Opera|Limited||15,000| ||Aid BoxCommunity|||12,000| ||Science Museum|Foundation||8,000| |||||65,000| ||Total||148,077|133,000| ## |Analysis ofcharitable|fuads - current year||||| |---|---|---|---|---|---| ||Balsace at|lacome|Expeaditure|Gsios sad|Balance st| ||01.01.20f|f|f|lossesf|31.12.20f| ||1.519.998|31,398|(194,196)|97,035|1,454,235| |Total funds|1,519,998|31,398|(194,196)|97,035|1,454,235| |Analysis ofcharitable|fuads - prior year||||| ||Balaacest|Income|Expeaditure|Gains aad|Balance st| ||01.01.19f|||lossesf|31.12.19
f| ||1,737,766|36,647|(349,385)|94.970|1,519.998| |Total funds|1,737,766|36.647|(349.385)|94,970|1,519,998| ## |Analysis of net assets between|Analysis of net assets between|funds - current year||| |---|---|---|---|---| ||||Unrestricted|Total| ||||income funds|funds| ||||31.12.20|31.12.20| |Fixed asset investments|||1,588,619|1,588,619| |Current assets|||16,771|16,771| |Creditors: Amounts|falling due|within one year|(152.155)|(152,155)| |Creditors: Amounts|falling due|afer more than one year||| |Total net assets|||1,453.235|1,453,235| |Analysis ofaet assets between||funds - prior year||| ||||Unrestricted|Total| ||||income funds|funds| ||||31.12.19|31.12.19| ||||f|f| |Fixed asset investments|||1,557,554|1,557,554| |Current assets|||99,603|99,603| |Creditors: Amounts|falling due|within one year|(72,159)|(72,159)| |Creditors: Amounts|falling due|afer more than one year|(65,000)|(65,000)| |Total net assets|||1,519,998|1,519,998| ## ## |||31.12.20f|3L12.19| |---|---|---|---| |Grant commitments
recogised at start ofyear||133,000|| |Grant commitments
charged to the Statement of|||| |Financial
Activities|in the year|15,077|133,000| |Grants recognised
at|end ofyear|148,077|133,000| |Amounts
falling due|(see note 12):||| |within one year||148,077|68,000| |aAer more than|one year||65,000| |||148,077|133,000| ## ##