| Index | Page | |||
|---|---|---|---|---|
| Trustees' Report | 1 | - | 3 | |
| Independent Examiner's |
Report | |||
| Statement ofFinancial | Activities | |||
| Balance Sheet | ||||
| Notes to the Accounts | 7 | — | 11 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Unrestricted | Unrestricted | ||||
| funds | funds | ||||
| Note | |||||
| Income and endowments | from: | ||||
| Investment income |
41,674 | 45,024 | |||
| Total income | 41,674 | 45,024 | |||
| Expenditure on: |
|||||
| Raising funds | (8,609) | (9,402) | |||
| Charitable activities |
(124,998) | (308,867) | |||
| Total expenditure | (133,607) | (318,269) | |||
| Net expenditure before |
gains | ||||
| on investments | (91,933) | (273,245) | |||
| Net gain on investments | 244,744 | 1,741,609 | |||
| Net gain/(loss) on foreign |
currency transactions | 37 | (45) | ||
| Net movement in funds |
152,848 | 1,468,319 | |||
| Reconciliation offunds: | |||||
| Total funds brought | forward | 7,458,253 | 5,989,934 | ||
| Total funds carried | forward | f7,611,101 | f7,458,253 |
| 2 | Investment | income | 2022 | 2021 | ||
|---|---|---|---|---|---|---|
| Dividends and interest on listed investments |
41,674 | 45,023 | ||||
| Interest | on cash deposits | 1 | ||||
| f41,674 | f45,024 | |||||
| 3 | Expenditure | on raising funds | 2022 | 2021 | ||
| Investment | management fees |
8,609 | 9,402 | |||
| f8,609 | X9,402 | |||||
| 4 | Expenditure | on charitable | activities | 2022 | 2021 | |
| Grants | awarded (see note 5) | 120,110 | 303,188 | |||
| Governance costs (see note 6) |
4,888 | 5,679 | ||||
| f124,998 | f308,867 |
| The charity under furtherance ofits |
took no direct charitable activities b charitable activities. |
ut awarded grants to a number of |
institutions in |
|---|---|---|---|
| Grants awarded | during the year: | 2022 | 2021 |
| Music and the Arts | 105,496 | 292,833 | |
| Education | 8,614 | 10,355 | |
| Health and Welfare | 5,000 | ||
| Environmental | Conservation | 1,000 | |
| f120,110 | f303,188 |
| 6 | Governance costs |
Governance costs |
2022 | 2021 | |
|---|---|---|---|---|---|
| Management | and administration | ||||
| Accountancy | fees | 3,746 | 4,600 | ||
| Independent | Examination | fees | 1,080 | 1,020 | |
| Bank charges | 62 | 59 | |||
| f4,888 | X5,679 |
| 8 | Fixed asset investments | 2022 | 2021 |
| Market value as at 5 April 2021 | 7,529,122 | 6,067,219 | |
| Additions to investments at cost |
871,435 | 1,502,574 | |
| Disposal proceeds from investments | (1,008,514) | (1,782,280) | |
| Realised gain on disposal ofinvestments | 106,839 | 119,271 | |
| Unrealised gain on revaluation ofinvestments |
137,905 | 1,622,338 | |
| Market value at 5April 2022 | f7,636,787 | f7,529,122 | |
| 9 | Analysis ofcurrent assets | 2022 | 2021 |
| Cash at bank | |||
| Alvarium Investments Limited |
956 | 3,110 | |
| LGT Wealth Management UK LLP |
42,334 | 10,306 | |
| Total cash | f43,290 | f13,416 |
| 10 | Creditors: amounts falling |
due within one year | 2022 | 2021 |
|---|---|---|---|---|
| Accountancy fees |
6,726 | 7,432 | ||
| Audit fees | 3,456 | |||
| Independent examination |
fees | 2,100 | 1,020 | |
| Investment management |
fees | 2,150 | 2,377 | |
| Grants awarded for future payment | 58,000 | 70,000 | ||
| f68,976 | f84,285 |