| Page | |||
|---|---|---|---|
| Reference and Administrative | Details ofthe Charity, Its Trustees and Advisers | ||
| Trustees' Report | 2-4 | ||
| Independent Auditor's |
Report | on the Financial Statements | 5-8 |
| Statement ofFinancial | Activities | ||
| Balance Sheet | 10 | ||
| Notes to the Financial | Statements | 11-23 |
| Trustees | Lord Beaverbrook, | Lord Beaverbrook, | Lord Beaverbrook, | Chairman | |
|---|---|---|---|---|---|
| Lady Beaverbrook | |||||
| The Hon Mr M | Aitken | ||||
| The Hon Mrs L | Levi | ||||
| MrJ EA Kidd | |||||
| The Hon MrA | RAitken | ||||
| The Hon Ms C Aitken | |||||
| Charity registered | |||||
| number | 1153470 | ||||
| Principal office | 19Crown Passage | ||||
| London | |||||
| SW1Y6PP | |||||
| Chief executive | Miss JS Ford | ||||
| Independent | auditor | MHA Maclntyre | Hudson | ||
| Chartered Accountants |
|||||
| 2 London Wall | Place | ||||
| London | |||||
| EC2Y SAU | |||||
| Bankers | C Hoare 8 Co | ||||
| London | |||||
| EC4R 4TT | |||||
| CAF Bank | |||||
| West Mailing | |||||
| Kent | |||||
| ME194JQ | |||||
| Solicitors | Fieldfisher LLP |
||||
| Riverbank House |
|||||
| 2 Swan Lane | |||||
| London | |||||
| EC4R 3TT | |||||
| Custodians | Multrees Investor |
Services Limited | |||
| One Carter Lane | |||||
| London | |||||
| EC4V 5AN | |||||
| Investment | Managers | Whitley Asset Management | |||
| 116Pdncedale | Road | ||||
| Notting Hill |
|||||
| London | |||||
| W11 4NH |
| Total | Tote/ | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | funds | funds | |||||
| funds | Period to 31 | Year to30Sep | |||||
| 2022 | Dec 2022 | 2021 | |||||
| Note | |||||||
| Income from: | |||||||
| investments | 72,524 | 72,524 | 76,212 | ||||
| Total income | 72,524 | 72,524 | 76,212 | ||||
| Expenditure on: |
|||||||
| Investment management |
costs | 116,960 | 116,960 | 81,709 | |||
| Charitable activities |
630,352 | 630,352 | 495,839 | ||||
| Other expenditure | —depreciation | 56,319 | 56,319 | 44,852 | |||
| Total expenditure | 803,631 | 803,631 | 622,400 | ||||
| Net expenditure before |
net(losses)/gains | on | |||||
| investments | (731,10T) | (731,107) | (546,188) | ||||
| Net {losses)/gains | on investments | (2,458,844) | (2,458,844) | 1,875,481 | |||
| Net movement in |
funds | (3,189,951) | (3,189,951) | 1,329,293 | |||
| Reconciliation offunds: |
|||||||
| Total funds brought forward | 15,186,2'75 | 15,186,2T5 | 13,856,982 | ||||
| Net movement in funds |
(3,189,951) | (3,189,951) | 1,329,293 | ||||
| Total funds carried forward | 11,996,324 | 11,996,324 | 15,186,275 |
| 31 | 30 | |||||
|---|---|---|---|---|---|---|
| December | September | |||||
| Note | 2022f | 2021 | ||||
| Fixed assets | ||||||
| Tangible assets | 10 | 4,232,758 | 4,280,172 | |||
| Investments | 11 | 9,028,710 | 12,044,673 | |||
| 13,261,468 | 16,324,845 | |||||
| Current assets | ||||||
| Debtors | 36,000 | 36,000 | ||||
| Cash at bank and in hand | 30,704 | 198,456 | ||||
| 66,704 | 234,456 | |||||
| Creditors: amounts | falling due within one | |||||
| year | 13 | (43,257) | (41,000) | |||
| Net current assets | 23,447 | 193,456 | ||||
| Creditors: amounts | failing due after more | |||||
| than one year | 14 | (1,288,591) | (1,332,026) | |||
| Total net assets | 11,996,324 | 15,186,275 | ||||
| Charity funds | ||||||
| Restricted funds | 15 | |||||
| Unrestricted funds |
15 | 11,996,324 | 15,186,275 | |||
| Total funds | 11,996,324 | 15,186,275 |
| Unrestricted | Total | ||
|---|---|---|---|
| funds | funds | ||
| Period to 31 | Period to 31 | ||
| Dec 2022 | Dec 2022 | ||
| Rental income | 20,630 | 20,630 | |
| Dividends | receivable | 47,622 | 47,622 |
| Interest receivable | 4,272 | 4,272 | |
| 72,524 | 72,524 |
| UnIe stricted | Total | ||
|---|---|---|---|
| funds | funds | ||
| Year to30 | Yeerto 30 | ||
| Sep 2021 | Sep 2021 | ||
| Rental income | 7,868 | 7,868 | |
| Dividends | receivable | 68,320 | 68,320 |
| Interest receivable | 24 | 24 | |
| 76,212 | 76,212 |
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| Period to 31 | Period to 31 | |
| Dec 2022f | Dec 2022 | |
| Grants payable | 359,851 | 359,851 |
| Support costs | 185,309 | 1&5,309 |
| Staff costs | 95,192 | 95,192 |
| 640,352 | 640,352 | |
| Unrestricted | Total | |
| funds | funds | |
| Year to 30 | Year to30 | |
| Sep 2021f | Sep 202I | |
| Grants payable | 291,903 | 291,903 |
| Support costs | 126,477 | 526,477 |
| Staffcosts | 77,459 | 77,459 |
| 495839 | 495839 |
| Grants to | Total | ||
|---|---|---|---|
| Institutions | funds | ||
| Period to 31 | Period to 31 | ||
| Dec 2022 | Dec 2022 | ||
| K | |||
| Grants | payable | 349,851 | 349,851 |
| Grants to | Total | ||
| Institutions | funds | ||
| Year to30 | Year to30 | ||
| Sep 2021 | Sep 2021 | ||
| Grants | payable | 291,903 | 291,903 |
| Period to 31 | Year fo30 | |||||
|---|---|---|---|---|---|---|
| December | Sepfember | |||||
| 2022 | 2021 | |||||
| Name ofrecipient | ||||||
| London Screen Academy | 40,000 | 40,000 | ||||
| English National Ballet |
25,000 | 20,000 | ||||
| Place2Be | 25,000 | 25,000 | ||||
| RAF Museum, Hendon |
25,000 | 25,000 | ||||
| The Food Foundation | 17,500 | |||||
| Boat Transport - Aid | to Ukraine | 15,000 | ||||
| Cardinal Hume Centre |
15,000 | 10,000 | ||||
| BASMOM | 10,000 | 500 | ||||
| Smith Bradbeer Charitable | Trust | - Aid to Ukraine | 10,000 | |||
| Bristol Beacon | 10,000 | |||||
| One Small Step | 10,000 | |||||
| Scales Conservation | Fund | 6,000 | ||||
| Leprosy Mission | 6,000 | |||||
| Billy Fiske Foundation | 25,000 | |||||
| Bristol Music Trust | $6,000 | |||||
| T21 | 12,000 | |||||
| Charlotte's BAG |
5,000 | 7,500 | ||||
| World Horse Welfare | 5,000 | |||||
| Northwood House |
f,750 | |||||
| 219,500 | 187,750 | |||||
| Other grants (f5,000 | and under, | representing | 98institutions) | 130,351 | 104,153 | |
| 349,851 | 291,903 |
| Unrestricted | Total | ||||
|---|---|---|---|---|---|
| funds | funds | ||||
| Period to 31 | Period to 31 | ||||
| Dec2022 | Dec2022 | ||||
| E | E | ||||
| Archiving | costs | 27,254 | 27,254 | ||
| Legal costs | 15,336 | 16,336 | |||
| Grantmaking | costs | 1,806 | 1,806 | ||
| Audit and | accountancy | 7,316 | 7,316 | ||
| Printing, stationery | and other office costs | 48,065 | 48,088 | ||
| Rent | |||||
| Insurance | 10,607 | 10,607 | |||
| Trustees' | expenses | 5,279 | 5,279 | ||
| Mortgage | interest | 68,944 | 68,944 | ||
| Bank charges | 702 | 702 | |||
| Total 2022 | 185,309 | 186,309 | |||
| Unrestricted | Total | ||||
| funds | funds | ||||
| Year to30 | Yearto 30 | ||||
| Sep 2021 | Sep 2021 | ||||
| Archiving | costs | 24,530 | 24,530 | ||
| Legal costs | 9,103 | 9,103 | |||
| Grantmaking | costs | 139 | 139 | ||
| Audit and | accountancy | 6,712 | 6,712 | ||
| Printing, stationery | and other office costs | 32,199 | 32,199 | ||
| Rent | 2,596 | 2,596 | |||
| Insurance | 12,112 | 12,'i12 | |||
| Trustees' | expenses | 2,403 | 2,403 | ||
| Mortgage | interest | 36,146 | 36,146 | ||
| Bank charges | 537 | 537 | |||
| Total 2021 | 126,477 | 126,477 |
| Period to 31 | Year to30 | |||
|---|---|---|---|---|
| Dec 2022 | Sep 2021 | |||
| Fees payable to the Charity's | auditor for the audit ofthe Charity's | annual | ||
| accounts | 5,500 | 5,400 |
| Period to 31 | Year to30 | |||
|---|---|---|---|---|
| Dec 2022 | Sep 2021 | |||
| Wages | and salariies | 78,692 | 67,663 | |
| Social | security costs | 9,539 | 4,093 | |
| Contribution to defined contribution |
pension schemes | 3,750 | 3,000 | |
| Private | health insurance | 3211 | 2,703 | |
| 95,'I 92 | 77,459 |
| Period | to 31 | Yearto30 |
|---|---|---|
| Dec | 2022 | Sep 2021 |
| No. | hfo. |
| Period | to 31 | Year to30 |
|---|---|---|
| Dec | 2022 | Sep 2021 |
| No. | No. |
| Heritage | Freehold | Office | ||
|---|---|---|---|---|
| assets | property E |
equipment f |
Totalf | |
| Cost or valuation | ||||
| At 1 October 2021 | 2,207,260 | 2,102,992 | 20,789 | 4,331,041 |
| Additions | 8,905 | 8,905 | ||
| At 31 December 2022 | 2,216,165 | 2,102,992 | 20,789 | 4,339,946 |
| Depreciation | ||||
| At 1 October 2021 | 42,060 | 8,809 | 50,869 | |
| Charge for the period | 52,575 | 3,744 | 56,319 | |
| At 31 December 2022 | 94,635 | 12,553 | 107,188 | |
| Net book value | ||||
| At 31 December 2022 | 2,216,165 | 2,008,357 | 8,236 | 4,232,758 |
| At30September 2025 | 2,207,260 | 2,060,932 | 55,980 | 4,280,572 |
| Analysis ofnet assets between funds -current period | ||
|---|---|---|
| Unrestricted | Total | |
| funds | funds | |
| 31 | 31 | |
| December | December | |
| 2022 | 2022 | |
| E | ||
| Tangible fixed assets | 4,232,758 | 4,232,768 |
| Fixed asset investments | 9,028,710 | 9,028,710 |
| Debtors due after more than one year | 36,000 | 36,000 |
| Current assets | 30,704 | 30„704 |
| Creditors due within one year | (43,257) | (43,257) |
| Creditors due in more than one year | (1,288,591) | (1,288,591) |
| Total | 11,996,324 | 11,996,324 |
| Analysis ofnet assets between funds - prior period | ||
| Unrestricted | Total | |
| funds | funds | |
| 30 | 30 | |
| September | September | |
| 2021 | 2021 | |
| Tangible fixed assets | 4,280,172 | 4,280,172 |
| Fixed asset investments | 12044 673 | 12,044,673 |
| Debtors due after more than one year | 36,000 | 36,000 |
| Current assets | 198,456 | 198,456 |
| Creditors due within one year | (41,000) | (41,000) |
| Creditors due in more than one year | (1,332,026) | (1,332,026) |
| Total | 15,186,275 | 15,186,275 |