| Page | ||
|---|---|---|
| Report ofthe Trustees | 1 —4 | |
| Independent examiners |
report | |
| Statement of Financial | Activities | |
| Balance Sheet | ||
| Notes to the Financial | Statements | 8-12 |
| Page | General | Expendable | Total | Total | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | Endowment | 2022 | 2021 | |||||||||
| Fund | ||||||||||||
| 8 | E | E | E | |||||||||
| Expenditure on: |
||||||||||||
| Charitable activities |
(note | 2) | 10 | 301,391 | 301,391 | 284,820 | ||||||
| Total expenditure | 301,391 | 301,391 | 284,820 | |||||||||
| Net (expenditure) | before | net | gains | |||||||||
| on investment assets |
(301,391) | (301,391) | (284,820) | |||||||||
| Net gains on investments | (note | 3) | 244,899 | 244,899 | 2,139,023 | |||||||
| Net transfer between | funds | 200,000 | (200,000) | |||||||||
| Net movement in funds |
(101,391) | 44,899 | (56,492) | 1,854,203 | ||||||||
| Reconciliation of funds: |
||||||||||||
| Total funds brought 2021 |
forward | at | 1 | April | 459,616 | 10,790,463 | 11,250,079 | 9,395,876 | ||||
| Total funds carried March 2022 |
forward | at | 31 | 7 | f | 358,225 | P 10,835,362 | 8 11,193,587 | f11,250,079 |
| Page | Total | Total | ||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| 5 | 6 | |||||
| Fixed Assets | ||||||
| Investments and cash |
held | at market value (note 3) | 11 | 11,227,662 | 11,207,763 | |
| Current Assets | ||||||
| Cash at bank (note 4) | 24,921 | 69,570 | ||||
| 24,921 | 69,570 | |||||
| Creditors —amounts | falling | due within one year (note 5) | 11 | (34,380) | (22,400) | |
| Net Current Assets | (9,459) | 47,170 | ||||
| Total Assets less Current | Liabilities | 11,218,203 | 11,254,933 | |||
| Creditors —amounts | falling due after more than |
one year | ||||
| (note 6) | 11 | (24,616) | (4,854) | |||
| Total Net Assets | 511,193,587 | F11,250,079 | ||||
| The funds for the charity: | ||||||
| Endowment fund General fund |
6 6 |
10,835,362 358,225 |
10,790,463 459,616 |
|||
| 211,193,587 | f11,250,079 |
| Page | Total | Total | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||||||||
| 2. | CHARITABLE ACTIVITIES | |||||||||||||
| The following | grants | were awarded | to charitable | institutions | during the | year ended 31 March | 2022: | |||||||
| Grants awarded to charities registered |
throughout | England | &Wales | L' | 296,100 | L | 279,950 | |||||||
| The awards | granted | above are | attributable | to | the | following | areas offocus to | the charity: | ||||||
| Music and Arts | 227,000 | 251,000 | ||||||||||||
| Children and |
young | people | 69,100 | 21,750 | ||||||||||
| Other | 7,200 | |||||||||||||
| 296,100 | 279,950 | |||||||||||||
| Less: Net |
finance | expense | arising | on | unwinding | |||||||||
| discounts on |
long term grant commitments | 736 | 146 | |||||||||||
| 295,364 | 279,804 | |||||||||||||
| Governance | costs | |||||||||||||
| Accountancy | fees | 5,280 | 4,800 | |||||||||||
| Sundry expenses | 540 | 126 | ||||||||||||
| Bank charges | 207 | 90 | ||||||||||||
| 6,027 | 5,016 | |||||||||||||
| Total charitable activities |
6 | F | 301,391 | F | 284,820 |
| Page | Total | Total | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||||
| 3. | FIXEDASSET INVESTMENTS | 6 | 6 | |||||||
| Quoted investments | ||||||||||
| Market value 1 April 2021 |
10,547,756 | 9,191,409 | ||||||||
| Additions at book cost |
800,000 | 10,701,514 | ||||||||
| Sale proceeds | (365,000) | (11,484,190) | ||||||||
| Net realised gain for the year |
13 | 611 | ||||||||
| Net unrealised gain for the year |
244,886 | 2,138,412 | ||||||||
| 11,227,655 | 10,547,756 | |||||||||
| Cash held as part ofthe investment | portfolio | 7 | 660,007 | |||||||
| Market value 31 March 2022 | 7 | F11,227,662 | F11,207,763 | |||||||
| Historical cost 31 March | 2022 | f | 8,382,293 | 6 | 7,947,277 | |||||
| Net gain on investment | assets | |||||||||
| Net realised gain |
13 | 611 | ||||||||
| Net unrealised gain |
244,886 | 2,138,412 | ||||||||
| 6 | k | 244,899 | f | 2,139,023 | ||||||
| 4. | CASH AT BANK | |||||||||
| C Hoare &Co.account | 7 | f | 24,921 | F | 69,570 | |||||
| 5. | CREDITORS —amounts | falling due within one | year | |||||||
| Donation commitments |
25,500 | 14,000 | ||||||||
| Accountancy fee |
8,880 | 8,400 | ||||||||
| 7 | k | 34,380 | P | 22,400 | ||||||
| 6. | CREDITORS —amounts | falling | due | in more | than | |||||
| one | year | |||||||||
| Donation commitments |
7 | F | 24,616 | F | 4,854 |
| Fund balance | ||||||||
|---|---|---|---|---|---|---|---|---|
| Transfer | ||||||||
| Brought | Additions/ | Net | between funds | Carried | ||||
| forward f |
Income f |
Expenditure f |
Gains | forward f |
||||
| General— | ||||||||
| unrestricted | 459,616 | (301,391) | 200,000 | 358,225 | ||||
| Expendable | ||||||||
| Endowment— | ||||||||
| restricted | 10,790,463 | 244,899 | (200,000) | 10,835,362 | ||||
| Total funds | f11,250,079 f | f | (301,391) f | 244,899 | f | — | f11,193,587 |
| General | General | Expendable | Total | |||
|---|---|---|---|---|---|---|
| Funds | Endowment | 2021 | ||||
| Funds f |
||||||
| Expenditure | on: | |||||
| Charitable activities |
284,820 | 284,820 | ||||
| Total expenditure | 284,820 | 284,820 | ||||
| Net income | before | net gains on investment | ||||
| assets | (284,820) | (284,820) | ||||
| Net (losses) | Igains | on investments | 2,139,023 | 2,139,023 | ||
| Net transfer | between | funds | 200,000 | (200,000) | ||
| Net movement in funds |
(84,820) | 1,939,023 | 1,854,203 | |||
| Reconciliation of funds: |
||||||
| Total funds | brought | forward at 1 April 2020 | 544,436 | 8,851,440 | 9,395,876 | |
| Total funds | carried forward at 31 March 2021 | f | 459,616 | f 10,790,463 | f11,250,079 |