| ~rustees;.Report | |
|---|---|
| lndep~nderitAuditors'·Report | 6-9'. |
| ··Statemen·t of Financi<il·AC,tiyities | 1'Q' |
| Balance Sheet | 11' |
| Cash Flow Statement | 12~13 |
| Notes to theAcc.oun.ts | 14~18 |
| The TrusteesserYingc:Juringtheye | ar wereas.iollows: |
|---|---|
| KimAshieyNasmyth | |
| Anna LucinaNasmyth | |
| Laura Roxanne Nasmyth | |
| Kate Ariane Nasmyth · | |
| DavidLE>onardBentley | |
| AndrewHa.mishForsyth | |
| AniandaPolly Phipps | |
| .M<irkPeregrineFrancis | |
| Treasu.rer: | .JWalsh. |
| Registered office: | WedlakeBellLLP |
| 71 Queen VictoriaStreet | |
| Loodori | |
| EC4A4AY | |
| Charity number: | 1169936 |
| Bankera: | MetroPrivate Bank |
| One Southampton Row | |
| London | |
| WC1B5HA | |
| Investment managers: | Rothschild Bank lnterr:iational .Limited |
| St Juliari'.sCourt | |
| St Julian's.Avenue | |
| StPeter Port | |
| .Guernsey | |
| GY13BP | |
| Soljcitors: | We~lakeBenL.LP |
| 71.Ou.eenVi.ctoriaStreet | |
| London | |
| EC4A4AY |
| To.ta I | Total | ||
|---|---|---|---|
| .Note | 2022 | 2021 | |
| £ | ;£ | ||
| Income&endowments | |||
| Donations·andendpwment | 361,829 | 1,142,331 | |
| ·investments | 2 | 63(150 | 62,,781 |
| Tota.I income. | 424.979 | 1,205.•112 | |
| Expenditureon | |||
| Raising funds. | |||
| lnvestr)'ient management costs Chari.tablea~tivilies |
'3. 4 |
p4;590 40.8,79.0 |
53,690 240,933 |
| Supportcosts | 5 | 24.537 | .17,13.6 |
| Totalexpenditure | 487,917 | 311,759 | |
| Netinccimebefore iiwestmenfgains/(losses) | (62;93$) | 893,353 | |
| Net(losses)/gains on investments unrealised | 7 | (409;538) | 536,825 |
| Net(losses)fgains on invesimentsrealised | (417;494) | 4Ei5,399 | |
| Netincome | (889,970) | 1,885,577 | |
| Transter.s· | |||
| Totalfundsbroughtforward | 8.,168;120. | 6,282,543 | |
| Totalfundscarrie.dforward | i;278;150. | 8;1.68,120 |
| To1al | TQtal | |||
|---|---|---|---|---|
| Note· | 2022. | 202.1 | ||
| ~ | £ | |||
| Flxed.ass8ts rnvestn\eniS· |
7' | 7,21~.711 | 7,824;53.8 | |
| Current.asuts· | ||||
| DebtorS . Cashatbank: |
a | 72,25()' 29,4;2·~& |
38l;539 106,74'3 |
|
| ~~6.~®. | 494,282 | |||
| ·Creditors: ainountS~Hingduewithin~ne~ear. | 9 | (271.029) | (110,700) | |
| Wetcurrent asSets | 95_,439 | 383,5!!2 | ||
| Total.~$less·ourrent llabititles | 7,~09,1.SQ | 6;200,120 | ||
| Ci'edlt0r8:arrtounts:fe.lllrigdu~afterone_year | 10 | (31,QOO) | {40,000) | |
| -7,278;150 | :8.1~1~120 | |||
| . | .... |
|||
| Funds. | ||||
| Unr:estri~d | 7,278,150 | .8,168,120 | ||
| 7,278,150 | 8;168,120 |
| 2022 | 202·1 | ||
|---|---|---|---|
| £ | £. | ||
| ·.CASH.\J.SEPIN . . |
. | ||
| OPERATINGA.~TIVITIES(seebelow) | (1.99.4891 | · 1.083, 10.9 | |
| ;CASHFLOWFROM. | |||
| INVESTING..ACTIVITIES | |||
| Paymentstoacquirei~.v.estments Proceedsonsale.ofinvestments |
('1,7:.i4,954) .2,.1:~1.319 |
(4,951,866) 3,848,452 |
|
| Jnterest | 599. | 454 | |
| Noncash.moveme~t | |||
| '187,475' | (l9,851J | ||
| 187,475 | (19,851') | ||
| INCREASE/(DECREASE)INCASH | 1'67.475 | (1!1,8!;>1) | |
| CASHAND:CA~t-{EQ.!IVALENTAT | THE | ||
| B,EGINNINGOF THEYEAR | 106]43 | 126,594' | |
| TOTALCASH AND 'CASHEQUIVALENTAT | |||
| THE e·NDOF THE·YEAR | 294,218 | 196}43 |
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| RECON'CILIATIONOFOPERATING (DEFiClT) TONE"('' | ||
| -CASH(QlffFLOW)/INFLOWFROMOPERATIN.GACTIVITIES | ||
| Net'lnconiing/(outgping}res.ources | (889,970) | 1.,885,577 |
| Unrealised (losses)/gainsonirwestments | 224,462 | (536i825) |
| Interest re'ceived . . oe.crease/(ln'crease)iridebtors |
' (599) 315;289 |
(4o4} (295,189) |
| (Decrease)iincreaseincreditors | 151 ;329. | 30,000 |
| Net.cash inflo·v'lfrorrioperativeactivities | (199;489) | 1,083,109 |
| ANALYS'ISOFCHANGESINl',IET- | FUNDS | ||||
|---|---|---|---|---|---|
| Olfi~rnon~ . | |||||
| Cash | |||||
| 1 | Jan2022 | ·cashflow | Changes | 31Dec~022 | |
| Cashatbankarid in hand | £.106,743 | £ .187;475 | £.294,2188 |
| INCOMEFROMINVESTMENTS | ||
|---|---|---|
| Total2022 | Tc>tal2021 | |
| £ | £ | |
| Interestr.eceivable | 599 | 454 |
| Other investment income | 62,551 | 62,327 |
| 63.150 | 62,781 |
| Total.2022 | Total2021 |
|---|---|
| £ | £ |
| 54,590 | 53,690 |
| 4 | CHARITABLE ACTIVITIES | ||||
|---|---|---|---|---|---|
| Total2022 | TQtal 2021 | ||||
| Grantsfoinstitutions: . | |||||
| OuseburnFarmCharity Th~Promise . . . |
26;000 9;124 |
||||
| Clontor FarmMvsicTru.st | 50,000 | ||||
| M.usicMasters | 15,000 | ||||
| OxfordBotanic Garden .andAr.boretur:n | 54,111 | ,60,000 | |||
| RoyalAcademyofMusic WaterHarvest |
25;000 7,000 |
||||
| WrightCommunityAccess | 20,000 | ||||
| . Hostnation | 10.000 | ||||
| Regan· Boid.ten.dencies |
5(),000 1Q,055 |
||||
| Persona Arts | 2,500 | ||||
| ShobanaJeyasinghDance | 30,000 | ||||
| Areola Theatre.Production | 100.000 | 35,0QO | |||
| KingEdwardVIGrammar | 5;933 | ||||
| SienAgosto | 10,000 | ||||
| Studio.Voltaire | 20,000 | ||||
| PlimlicoOpera HandpickedProduction's |
60,000 1s;ooo |
||||
| Britten Pears Arts | 15,000 | ||||
| Britten:Sinfonia | 20,000 | ||||
| 240,933 | |||||
| 5 | SUPPORT COSTS | ||||
| Total2P2~ | Total 2021 | ||||
| £. | |||||
| Charity administration an.dmonitoiingof | activities | 20,883 | 9,871 | ||
| Otherexpenses . . |
. | . | 197 | 305 | |
| Exchange ratedifference Governance costs (note6} |
(3,943) 1.eoo |
1;5;960 | |||
| 24;537 | 17,136 | ||||
| ..6 | GOVERNANCECOSTS | ||||
| Total 2022 | Total 2021 | ||||
| £ | £ | ||||
| Auditors'remun~ration~auditan~ | accountancy | 7;100 | 6;620 | ||
| ~ot~ercost~. | 500 | 340 | |||
| 7,600 | 6,960 |
| 7 | INVESTMENTS(ATVALUATION) | INVESTMENTS(ATVALUATION) | |||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| .£ | £ | ||||
| Fixed income | 485,518 | 589,987 | |||
| Equities · |
. 5,221..768 | 6;136.11a | |||
| Alternative investments | 3,983 | ||||
| Commodityandpropertyfunds | |||||
| Foreign exchange forward contracts | 1,516,425 | ·1,094,390 | |||
| 7,213,711 | 7,824;538 | ||||
| 2022 | 2021 | ||||
| Analysisofmovementininve.stments (excluding cash) | £. | £ | |||
| Broughtfor:Ward | 1.s24,s3e | 6,t84;299. | |||
| Additions at cost | ·1;744,954 | 4,951,866 | |||
| Sal.eproceeds | . | (1,946,243) | (3;848,452) | ||
| Netgaln/(loss)orirevaluation(Note) | . (409,538). | . | 536,825 |
||
| Ccirriedforward | 7.213.711 | 7,824,5.38 | |||
| 2022 | 2021 | ||||
| Analysisofnet.gain/(loss)oh·i.nvestmentsrealis.ed | £ | £ | |||
| Foreign exchange gains/(lpsses) | (421•.212) | 87,754 | |||
| Realised gains· | 3,718 | 367;6.45 | |||
| Netgain/(loss)oninvestments realised | (417,494) | 455,399 | |||
| .8 | DEBTORS. | ||||
| 2022 | 2021 | ||||
| £ | £ | ||||
| HMRCGiftAid | 72;250 | 387.539 |
| 9, CREDiTO.RS~AMOUNTSFALLINGDUEWITHINONEYEAR Accruals,and grant liabilities 10· .CREDITORS:.AMO.UNT.SFAL.LING·DUE'AfTER.·QNEY~R Accruals:.and~rt;lntlial:>Hities |
2022 :2021 £ £ H0,700 271,029 110,700 ~0·2·2 2Q.21 £: £ 31;000 40;000 |
|---|---|