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2022-12-31-accounts

Page
Report ofthe trustees 1to 5
Independent
Examiner's		 Report
Statement ofFinancial Activities
Balance Sheet
Notes to the Financial Statements 9to18

Notes 31.12.22 31.1222 31.1221
Unrestricted Total Total
funds funds funds
Income and Endowments from:
Investment
income		 40,352 40,352 31,230
Total Income 40,352 40,352 31+30
Expenditure on:
Raising funds 5,086 5,086 6,087
Charitable
activities		 439,061 439,061 203,900
Total Expenditure 444, 147 444, 147 209,987
Net expenditure
before gains and losses on
investments (403,795) (403,795) (178,757)
Net gains/(losses) on investments assets (92,043) (92,043) 124,445
Net expenditure (495,838) (495,838) (54,312)
Net movement
in		 funds (495,838) (495,838) (54,312)
Reconciliation of funds
Total funds brought forward 1,399,923 1,399,923 1,454,235
Total funds carried forward 13 904,085 904,085 1,399,923

Note 31.12.22 31.1221
Fixed assets
Investments 1,171,297 1,494,724
Current assets
Debtors
Cash at bank and in hand 38,954 42,257
38,954 42,257
Creditors: Amounts falling due
within one year 10 (306,166) (137,058)
Net current assets (267,212) (94,801)
Creditors: Amounts falling due
after more than one year
Net assets 904,085 1,399,923
Funds ofthe Charity:
Unrestricted income funds 904,085 1,399,923
Total funds 13 904,085 1,399,923

2. Investment income
Total Total
31.1222 31.1221
Interest receivable
on bank		 deposits 232
Other income &om fixed asset investments 40,120 31@30
40,352 31,230
All ofthe above investment income were attributable to unrestricted funds.
3. Expenditure on raising funds
Total Total
31.12.22 31.12.21
K
Investment
management		 fees 5,086 6,087
All ofthe above investment management fees were attributable to unrestricted fimds.
4. Expenditure on charitable activities
Total Total
31,12.22 31.12.21
Grant funding ofactivities (see note 5) 435,485 200,816
Governance costs:
Legal and professional fees 696 504
Independent Examiner fees 2,880 2,580
Bank charges and interest
3,576 3,084
439,061 203,900

5. Analysis ofgrants
31.12.22 31.12.21
Grants to individuals 25,200 17,500
Grants to institutions 410,285 183,316
435,485 200,816
The total grants paid and committed to institutions during the year were as follows:
31.12.22 31.12.21
Garsington
Opera Limited		 35,000 15,000
StAlbans School 10,000 10,000
Aid BoxCommunity 40,000 25,000
Orchestra ofthe Age ofEnlightenment & Seasons Patron 50,000 31,300
Royal National
Theatre		 589 589
Royal Academy ofMusic 80,000 12,000
RAM Enlightment
Scholarship		 12,000
Glyndebourne
Productions		 Limited 15,000 15,000
Beckett Festival 2,500
Oxfordshire
Contemporary		 Opera 1,000
Tetbury Music Festival 5,000 10,500
Tetbury Hospital 6,710
The-Ditchley
Foundation		 3,160 3,160
Holy Trinity Church 1,000 2,000
National
Theatre		 589
Client Earth 30,000
Wellbeing ofWomen 3,000
London Sinfonietta 6,000
New Chamber Orchestra 2,000
Jamie's Farm 25,000 17,500
Barn Theatre Project 3,520
Royal Shakespeare
Company		 1,917 1,917
Tetbury Rail Lands Regeneration Trust 40,000 500
Gloucestershire
Wildlife Trust		 500 1,500
The David Vaisey Trust 2,000
Wigmore Hall 2,200 4,400
Arcangelo 6,000
Science Music Patrons Group 15,800
Oxford Lieder Ltd 10,000 20,000
English National
Opera		 5,000
Garingston
Artistic		 30,000
IMS Prussia Cove 3,500 3,000
Gloucestershire
Society		 5,000 5,000
Various one offgrants each off500 and under 1,500 2,450
435,485 200,816

6. Net expenditure
for the year		 Net expenditure
for the year
This is stated after charging:
Total Total
31.12.22 31.12.21
Independent Examiner fees 2,880 2,580

Movement in fixed asset listed investments:
31.12.22 31.12.21
Market value brought forward at 1 January 2022 1,494,724 1,589,619
Additions to investments at cost
Disposals (231,517) (220,000)
Revaluation (91,910) 125,105
Market value carried forward at 31December 2022 1,171,297 1,494,724
Investments at fair value comprised:
31.12.22 31.12.21
Equities
Bonds
Multi asset funds 1,171,297 1,256,593
Alternatives 309
Cash funds 237,822
1,171,297 1,494,724

9. Debtors
31.12.22 31.12.20
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
31.12.22 31.12.21
Grants payable (see note 12) 301,766 132,777
Accruals 4,400 4,281
306,166 137,058
All grants payable and accruals related to unrestricted funds.
11. Creditors: amounts falling due after more than one year
31.12.22 31.12.21
Grants payable
12. Donations
payable
31.12.22 31.12.21
Amounts
falling due within one year:
Ditchley Foundation 3,160 3,160
Client Earth 15,000
Gloucestershire
Wildlife Trust		 500 500
StAlbans School Foundation 10,000 10,000
Oxford Leider Ltd 10,000 10,000
Royal Shakespeare
Company		 1,917 1,917
Christ Church, Oxford 100
Holy Trinity Church 1,000 1,000
Glyndebourne
Productions		 Limited 15,000 15,000
Garington
Artistic		 15,000
Jamie's Farm 15,000 7,500
Wigmore Hall 2,200 2,200
Client Earth 15,000
Tetbury Music Festival 4,000 3,000
IMS Prussia Cove 3,000 3,000
Tetbury Rail Lands Regeneration Trust 20,000
Garsington
Opera Limited		 15,000
Barn Theatre Project 2,500
Orchestra ofthe Age ofEnlightenment &Seasons Patron 25,000
National
Threatre		 589
Aid BoxCommunity 40,000 15,000
Science Museum Foundation &Patrons Group 15,900 8,000
Orchestra ofSt John' s 5,000 5,000
Royal Academy ofMusic 80,000 12,000
RAM Enlightment
Scholarship		 12,000
Arcangelo 5,000 5,000
301,766 132,377
Total 301,766 132@77

Analysis of charitable funds - current year
Balance at Income Expenditure Gains and Balance at
01.01.22 losses 31.12.22
Unrestricted funds 1,399,923 40,352 (444,147) (92,043) 904,085
Total funds 1,399,923 40,352 (444,147) (92,043) 904,085

Analysis of charitable
fu		 nds - prior year
Balance at Income Expenditure Gains and Balance at
01.01.21 losses 31.12.21
Unrestricted funds 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
14. Analysis ofnet assets between Analysis ofnet assets between funds
Analysis ofnet assets between funds - current year
Unrestricted Total
income funds funds
31.12.22 31.12.22
Fixed asset investments 1,171,297 1,171,297
Current assets 38,954 38,954
Creditors: Amounts falling due within one year (301,166) (301,166)
Creditors: Amounts falling due afer more than one year
Total net assets 909,085 909,085
Analysis ofnet assets between funds - prior year
Unrestricted Total
income funds funds
31.12.21 31.12.21
Fixed asset investments 1,494,724 1,494,724
Current assets 42,257 42,257
Creditors: Amounts falling 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

31.12.22 31.12.21
Grant commitments
recogised at start ofyear		 132,377 148,077
Grant commitments
charged to the Statement of
Financial Activities in the year 169,389 (15,700)
Grants recognised at end ofyear 301,766 132,377
Amounts
falling due		 (see note 12):
within one year 301,766 132,377
after more than one year
301,766 132,377