## # ## ## ||||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| ## ##