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|||Page|
|---|---|---|
|Report ofthe Trustees||1 —4|
|Independent<br>examiners|report||
|Statement of Financial|Activities||
|Balance Sheet|||
|Notes to the Financial|Statements|8-12|





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||||||||Page||General|Expendable|Total|Total|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||Fund|Endowment|2022|2021|
|||||||||||Fund|||
||||||||||8|E|E|E|
|Expenditure<br>on:|||||||||||||
|Charitable<br>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<br>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<br>in funds|||||||||(101,391)|44,899|(56,492)|1,854,203|
|Reconciliation<br>of funds:|||||||||||||
|Total funds<br>brought<br>2021||forward||at|1|April|||459,616|10,790,463|11,250,079|9,395,876|
|Total<br>funds<br>carried<br>March 2022||forward|||at|31|7|f|358,225|P 10,835,362|8 11,193,587|f11,250,079|





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|||||Page|Total|Total|
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||5|6|
|Fixed Assets|||||||
|Investments<br>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<br>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<br>fund<br>General fund||||6<br>6|10,835,362<br>358,225|10,790,463<br>459,616|
||||||211,193,587|f11,250,079|





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|||||||||||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<br>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<br>and|young|people|||||||||69,100||21,750|
||Other|||||||||||||7,200|
|||||||||||||296,100||279,950|
||Less:<br>Net|finance|expense|arising|||on|unwinding|||||||
||discounts<br>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<br>activities|||||||||6|F|301,391|F|284,820|





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|||||||Page||Total||Total|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||2022||2021|
|3.|FIXEDASSET INVESTMENTS|||||||6||6|
||Quoted investments||||||||||
||Market value<br>1 April 2021||||||10,547,756|||9,191,409|
||Additions<br>at book cost|||||||800,000|10,701,514||
||Sale proceeds|||||||(365,000)|(11,484,190)||
||Net realised<br>gain for the year|||||||13||611|
||Net unrealised<br>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<br>gain|||||||13||611|
||Net unrealised<br>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<br>commitments|||||||25,500||14,000|
||Accountancy<br>fee|||||||8,880||8,400|
|||||||7|k|34,380|P|22,400|
|6.|CREDITORS —amounts|falling|due|in more|than||||||
|one|year||||||||||
||Donation<br>commitments|||||7|F|24,616|F|4,854|





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|Fund balance|||||||||
|---|---|---|---|---|---|---|---|---|
||||||||Transfer||
||Brought|Additions/|||Net|between funds||Carried|
||forward<br>f|Income<br>f|Expenditure<br>f||Gains|||forward<br>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|



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||||General|General|Expendable|Total|
|---|---|---|---|---|---|---|
|||||Funds|Endowment|2021|
||||||Funds<br>f||
|Expenditure|on:||||||
|Charitable<br>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<br>in funds||||(84,820)|1,939,023|1,854,203|
|Reconciliation<br>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|