| Page | |||
|---|---|---|---|
| Report ofthe trustees | Ito5 | ||
| Independent Examiner's |
Report | ||
| Statement ofFinancial | Activities | ||
| Balance Sheet | |||
| Notes to the Financial | Statements | 9to 18 |
| Notes | 31,12.21 | 31.12.21 | 31.12.20 | |||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Total | Total | ||||||
| fundsf | funds | funds | ||||||
| Income and Endowments | from: | |||||||
| Investment income |
31,230 | 31,230 | 31,398 | |||||
| Total Income | 31,230 | 31,230 | 31.398 | |||||
| Expeaditure on: |
||||||||
| Raising funds | 6,087 | 6,087 | 5,943 | |||||
| Charitable activities |
203,900 | 203,900 | 188,253 | |||||
| Total Expenditure | 209,987 | 209,987 | 194,196 | |||||
| Net expenditure | before gains and losses oa | |||||||
| investments | (178.757) | (178.757) | (162,798) | |||||
| Net gains/(losses) | on investments | assets | 124.445 | 124.445 | 97.035 | |||
| Net expenditure | (54,312) | (54,312) | (65,763) | |||||
| Net movement in |
funds | (54.312) | (54,312) | (65,763) | ||||
| Reconciliation of |
fuads | |||||||
| Total funds brought |
forward | 1,454.235 | 1,454,235 | 1.519,998 | ||||
| Total fuads carried | forward | 13 | 1,399,923 | 1.399.923 | 1,454.235 |
| Note | 31.12.21f | 31.12.20 | |||
|---|---|---|---|---|---|
| Fixed assets | |||||
| Investments | 8 | 1.494,724 | 1,589,619 | ||
| Current assets | |||||
| Debtors | |||||
| Cash at bank | and in hand | 42,257 | 16,771 | ||
| 42,257 | 16.771 | ||||
| Creditors: Amounts | falling due | ||||
| within oae year | 10 | (137,058) | (152,155) | ||
| Net current | assets | (94,801) | (135,384) | ||
| Creditors: Amounts |
falling due | ||||
| after more than one year | |||||
| Net assets | 1,399,923 | 1,454,235 | |||
| Funds ofthe | Charity: | ||||
| Unrestricted | income funds | 1,399,923 | 1,454,235 | ||
| Totalfunds | 13 | 1.399,923 | 1,454,235 |
| 2. | Investment | income | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Total | Total | ||||||||
| 31.12.21 | 31.12,20 | ||||||||
| f | |||||||||
| Interest receivable on bank |
deposits | 42 | |||||||
| Other income | from lixed asset investments | 31.230 | 31.356 | ||||||
| 31,230 | 31,398 | ||||||||
| All ofthe above investment | income were | attributable | to unrestricted | funds. | |||||
| 3. | Expenditure | on raising funds | |||||||
| Total | Total | ||||||||
| 31.12.21f | 31.12.20 | ||||||||
| Investment management fees |
6,087 | 5,943 | |||||||
| All ofthe above investment | management | fees were attributable | to unrestricted | funds. |
| Expenditure | on charita | ble activities |
|||||
|---|---|---|---|---|---|---|---|
| Total | Total | ||||||
| 31,12.21f | 31.12.20 f |
||||||
| Grant funding | ofactivities (see note 5) | 200,816 | 182.&24 | ||||
| Governance | costs: | ||||||
| Legal and | professional | fees | 504 | 2,849 | |||
| Independent | Examiner | fees | 2,580 | 2.580 | |||
| Bank charges | and interest | ||||||
| 3.084 | 5,429 | ||||||
| 203,900 | 188,253 |
| Analysis ofgrants | |||||||
|---|---|---|---|---|---|---|---|
| 31.12.21 | 31.12.20 | ||||||
| Grants to individuals | 17,500 | 5.000 | |||||
| Grants to institutions | 183,316 | 177,824 | |||||
| 200,816 | 182,824 | ||||||
| The total grants paid | and | committed | to institutions | during | the year were as follows: | ||
| 31.12.21 | 31.12.20 | ||||||
| f. | g | ||||||
| Garsington Opera Limited |
15.000 | ||||||
| St Albans School | I0,000 | (20,000) | |||||
| Aid Box Community | 25,000 | 3,200 | |||||
| Orchestra ofthe Age ofEnlightenment | 3l.300 | 57.000 | |||||
| Ro al National Theatre |
589 | ||||||
| Orchestra ofSt Johns | 5,000 | ||||||
| Royal Academy ofMusic | 17.000 | 76,500 | |||||
| Glyndeboume Productions |
Limited | 15,000 | 20,000 | ||||
| ClientEarth | 30,000 | ||||||
| Christ Church, Oxford | 200 | ||||||
| Oxfordshire Contemporary |
Opera | 1,000 | 3,500 | ||||
| Tetbury Music Festival |
10,500 | 3.500 | |||||
| Ensemble Augelletti |
500 | ||||||
| The Ditchley Foundation | 3,I60 | 3,160 | |||||
| Holy Trinity Church | 2,000 | 1,000 | |||||
| Wellbeing ofWomen | 3,000 | ||||||
| London Sinfonietta | 6,000 | ||||||
| New Chamber Orchestra |
2,000 | ||||||
| Jamie's Farm | 17,500 | ||||||
| Spear London | 500 | ||||||
| Royal Shakespeare Company |
1,917 | 1,917 | |||||
| Isle ofWight Donkey Sanctuary | 500 | ||||||
| St Mary's Hawkesbury | PCC | 500 | |||||
| Cabinet ofWonders Project |
750 | ||||||
| Tetbury Rail Lands Regeneration |
Trust | 500 | |||||
| Gloucestershire Wildlife Trust |
1.500 | ||||||
| The David Vaisey Trust | 2,000 | ||||||
| Wigmore Hall |
4,400 | ||||||
| Arcangelo | 6.000 | ||||||
| Orchestra for the Eanh | 1,610 | ||||||
| Oxford Lieder Ltd | 20,000 | 5,000 | |||||
| St Albans Cathedral | 25,000 | ||||||
| Joseph Middleton Mahler CD sponsorship |
5,000 | ||||||
| IMS Prussia Cove | 3,000 | 6,000 | |||||
| Gloucestetshire Society |
5.000 | 5,000 | |||||
| Others | 437 | ||||||
| 200,816 | 182,824 |
| 6. | Net expenditure | Net expenditure | for the year | ||
|---|---|---|---|---|---|
| This is stated | after charging: | ||||
| Total | Total | ||||
| 31.12.21 | 31.12.20 | ||||
| f | |||||
| Independent | Examiner fees | 2,580 | 2,380 |
| Movement | in lixed a | sset | liste | d in | vestments: | |||
|---|---|---|---|---|---|---|---|---|
| 31.12.21f | 31.12.20 E |
|||||||
| Market value brought | forward | at | I January | 2021 | 1,589.619 | 1.557,554 | ||
| Additions | to investments | at cost | 116.017 | |||||
| Disposals | (220.000) | (165.951) | ||||||
| Revaluation | 125,105 | 81,999 | ||||||
| Market value carried | forward | at 31 December 2021 | 1.494.724 | 1,589,619 | ||||
| Investments | at fair value | comprised: | ||||||
| 31.12.21 | 31.12.20 | |||||||
| f | E | |||||||
| Equities | ||||||||
| Bonds | ||||||||
| Multi asset | funds | 1,256.593 | 1.273,293 | |||||
| Alternatives | 309 | 309 | ||||||
| Cash funds | 237,822 | 316,017 | ||||||
| 1.494,724 | 1,589,619 |
| 9. | Debtors | |||||
|---|---|---|---|---|---|---|
| 31.12.21 | 31.12.20 | |||||
| g | ||||||
| Prepayments and |
accrued income | |||||
| Other debtor | ||||||
| All prepayments. | accrued income and the other debtor | related to unrestricted | funds. | |||
| 10. | Creditors: amounts | falling due within one year |
||||
| 31.12.21 | 31.12.20f | |||||
| Grants payable (see | note 12) | 132,777 | 148,077 | |||
| Accruals | 4,281 | 4,078 | ||||
| 137,058 | 152.155 | |||||
| All grants payable | and accruals related to unrestricted | funds. | ||||
| 11. | Creditors: amounts | fagiag due after more than one | year | |||
| 31.12.21 | 31.12.20 | |||||
| Grants payable | ||||||
| All grants payable | related to unrestricted funds. |
| 12. | Donations payable |
||||
|---|---|---|---|---|---|
| 31.12.21f | 31.12.20 | ||||
| Amounts falling due within |
one year: | ||||
| Ditchley Foundation |
3,160 | 3.160 | |||
| Gfoucestershire Wildlife Trust |
500 | ||||
| St Albans School Foundation | 10.000 | 10,000 | |||
| Oxford Leider Ltd | 10.000 | ||||
| Royal Shakespeare Company |
1.917 | ||||
| Christ Church. Oxford | 100 | ||||
| Holy Trinity Church | 1,000 | ||||
| Glyndebourne Productions |
Limited | 15,000 | |||
| Jamie's Farm | 7,500 | ||||
| Wigmore Hall |
2.200 | ||||
| Client Earth | 15,000 | 15,000 | |||
| Tetbury Music Festival |
3.000 | 3.000 | |||
| IMS Prussia Cove | 3.000 | 3.000 | |||
| Royal Shakespeare | 1,917 | ||||
| Garsington Opera Limited |
15,000 | 15,000 | |||
| Glyndebourne | 15,000 | ||||
| Orchestra ofthe Age ofEnlightenment | I5,000 | ||||
| St Albans Cathedral |
25,000 | ||||
| Aid BoxCommunity | 15.000 | 12,000 | |||
| Science Museum Foundation |
8.000 | 8,000 | |||
| Orchestra ofSt John' s | 5.000 | 5,000 | |||
| Royal Academy ofMusic | 12.000 | 12,000 | |||
| Arcangelo | 5,000 | 5,000 | |||
| 132.377 | 148,077 | ||||
| Total | 132,377 | 148,077 |
| Analysis of | charitable | funds - current year | ||||
|---|---|---|---|---|---|---|
| Balance at | Income | Expenditure | Gains snd | Balance at | ||
| 01.01.21f | f | lossesf | 31.12.21f | |||
| 1,454,235 | 31,230 | (209,987) | 124,445 | 1,399,923 | ||
| Total funds | 1.454.235 | 31.230 | (209.987) | 124,445 | 1,399,923 | |
| Analysis of | charitable | funds - prior year | ||||
| Balance at | income | Expenditure | Gains snd | Balance at | ||
| 01.01.20f | losses | 31.12.19f | ||||
| Unrestricted | funds | 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 of net assets between | Analysis of net assets between | funds - current year | ||
|---|---|---|---|---|
| Unrestricted | Total | |||
| income funds | funds | |||
| 31.12.21 | 31.12.21 | |||
| f | f | |||
| Fixed asset investments | 1.494.724 | 1,494.724 | ||
| Current assets | 42.257 | 42,257 | ||
| Creditors: Amounts | 1'alliug due | within one year | (137.058) | (137,058) |
| Creditors: Amounts | falling due | afer more than one year | ||
| Total net assets | 1,399.923 | 1.399.923 | ||
| Analysis of net assets between | funds - prior year | |||
| Unrestricted | Total | |||
| income funds | funds | |||
| 31.12.20 | 31.12.20 | |||
| f | f | |||
| Fixed asset investments | 1,589,619 | 1,589,619 | ||
| 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 | L454,235 | 1.454,235 |
| 31.12.21 | 31.12.20 | ||
|---|---|---|---|
| f | f | ||
| Grant commitments recogised at start ofyear |
148,077 | 133,000 | |
| Grant commitments charged to the Statement of |
|||
| Financial Activities |
in the year | (15,700) | 15,077 |
| Grants recognised at |
end ofyear | 132,377 | 148,077 |
| Amounts falling due (see note 12): |
|||
| within one year |
132,377 | 148,077 | |
| a(ter more than | one year | ||
| 132,377 | 148.077 |