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