|~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|





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|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|





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|||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<br>Chari.tablea~tivilies|'3.<br>4|p4;590<br>40.8,79.0|53,690<br>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|





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||||To1al|TQtal|
|---|---|---|---|---|
||Note·||2022.|202.1|
||||~|£|
|Flxed.ass8ts<br>rnvestn\eniS·|7'|7,21~.711||7,824;53.8|
|Current.asuts·|||||
|DebtorS<br>.<br>Cashatbank:|a||72,25()'<br>29,4;2·~&|38l;539<br>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|
|||.|<br>....||
|Funds.|||||
|Unr:estri~d||7,278,150||.8,168,120|
|||7,278,150||8;168,120|






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|||2022|202·1|
|---|---|---|---|
|||£|£.|
|·.CASH.\J.SEPIN<br>. .|.|||
|OPERATINGA.~TIVITIES(seebelow)||(1.99.4891|· 1.083, 10.9|
|;CASHFLOWFROM.||||
|INVESTING..ACTIVITIES||||
|Paymentstoacquirei~.v.estments<br>Proceedsonsale.ofinvestments||('1,7:.i4,954)<br>.2,.1:~1.319|(4,951,866)<br>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|





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||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<br>.<br>.<br>oe.crease/(ln'crease)iridebtors|'<br>(599)<br>315;289|(4o4}<br>(295,189)|
|(Decrease)iincreaseincreditors|151 ;329.|30,000|
|Net.cash inflo·v'lfrorrioperativeactivities|(199;489)|1,083,109|



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|ANALYS'ISOFCHANGESINl',IET-|FUNDS|||||
|---|---|---|---|---|---|
|||||Olfi~rnon~ .||
|||||Cash||
||1|Jan2022|·cashflow|Changes|31Dec~022|
|Cashatbankarid in hand||£.106,743|£ .187;475||£.294,2188|





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|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|





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|4|CHARITABLE ACTIVITIES|||||
|---|---|---|---|---|---|
|||||Total2022|TQtal 2021|
||Grantsfoinstitutions: .|||||
||OuseburnFarmCharity<br>Th~Promise<br>.<br>. .|||26;000<br>9;124||
||Clontor FarmMvsicTru.st|||50,000||
||M.usicMasters|||15,000||
||OxfordBotanic Garden .andAr.boretur:n|||54,111|,60,000|
||RoyalAcademyofMusic<br>WaterHarvest|||25;000<br>7,000||
||WrightCommunityAccess|||20,000||
||. Hostnation|||10.000||
||Regan·<br>Boid.ten.dencies|||5(),000<br>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<br>HandpickedProduction's||||60,000<br>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<br>.<br>.|.|.|197|305|
||Exchange ratedifference<br>Governance costs (note6}|||(3,943)<br>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|





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|7|INVESTMENTS(ATVALUATION)|INVESTMENTS(ATVALUATION)||||
|---|---|---|---|---|---|
||||2022||2021|
||||.£||£|
||Fixed income||485,518||589,987|
||Equities<br>·||. 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).|.|<br>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|





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|9,<br>CREDiTO.RS~AMOUNTSFALLINGDUEWITHINONEYEAR<br>Accruals,and grant liabilities<br>10· .CREDITORS:.AMO.UNT.SFAL.LING·DUE'AfTER.·QNEY~R<br>Accruals:.and~rt;lntlial:>Hities|2022<br>:2021<br>£<br>£<br>H0,700<br>271,029<br>110,700<br>~0·2·2<br>2Q.21<br>£:<br>£<br>31;000<br>40;000|
|---|---|



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