2023-04-05-accounts

Index
Trustees' Report
Independent Examiner's	Report
Statement ofFinancial	Activities
Balance Sheet
Notes to the Accounts

				2023	2022
				Unrestricted	Unrestricted
				funds	funds
			Note
Income and endowments		from:
Investment income				59,707	41,674
Total income				59,707	41,674
Expenditure on:
Raising funds				(3,109)	(8,609)
Charitable activities				(68,915)	(124,998)
Total expenditure				(72,024)	(133,607)
Net expenditure before gains
on investments				(12,317)	(91,933)
Net (loss) / gain on	investments			(315,442)	244,744
Net (loss) / gain on	foreign	currency transactions		(260)	37
Net movement in funds				(328,019)	152,848
Reconciliation offunds:
Total funds brought	forward			7,611,101	7,458,253
Total funds carried	forward			f.7,283,082	67,611,101

							2022
Fixed assets
hivcstments	at market value				7,069,573		7,636,787
Current assets
Cash at bank			9	262,977		43.290
Debtors			10	2,916
				265,893		43,290
Creditors: amounts		falling due
within one year			11	(52,384)		(68,976)
Net current	assets /	(liabilities)			213,509		(25,686)
Net assets					f.7,283,082		X7,611,101
The funds ofthe charity
Unrestricted	funds				7,283,082		7,611,101
Total funds					27,283,082		K7.611,101

2	Investment		income		2022
	Dividends and interest on listed investments			56,934	41,674
	Interest		on cash deposits	2,773
				f59,707	f41,674
3	Expenditure		on raising funds		2022
	Investment	management fees		3,109	8,609
				E3,109
4	Fxpenditure		on charitable activities	2023	2022
	Grants		awarded (see note 5)	63,727	120,110
	Governance costs (see note 6)			5,188	4„888
				f.68,915	K124,998

5	Analysis ofgrants
	The charity undertook	no direct charitable			activities	but awarded	grants	to a nmnber	of institutions	in
	furtherance ofits charitable		activities.
	Grants awarded by category:							2023	2022
	Music and the Arts
	Luzerncr Sinfonieorchester					877
	Philhannonia Ltd					11,900
	Lugano Musica					13,484
	Zilberman Film Foundation					5,000
								31,261	105,496
	Health and Welfare
	Power to Live Foundation					10,000
	DEC Earthquake Appeal					5,000
								15,000	5,000
	Education
	IMS Prussia Cove					15„000
	Pop Academy					2,466
								17,466	8,614
	Environmental								1,000
	Total grants asvarded	during		the year				663,727	$120,110
6	Governance costs								2022
	Management and administration
	Accountancy fees							4,020	3,746
	Independent Examination			fees				1,134	1,080
	Bank charges							34		62
								S5,188

8	Fixed assetinvestments		Z023
	Market value as at 5 April 2022		7,636,787	7,529,122
	Additions to investments	at cost	1]8,10I	871,435
	Disposal proceeds from	investments	(369,873)	(1,008,5]4)
	Net (loss) / gain on investments		(315,442)	244,744
	Market value at 5April 2023		67,069,573	X7,636,787
9	Analysis ofcurrent assets			2022
	Cash at bank
	Alti Tiedemann Global		226,194	956
	LGT Wealth Management	UK LLP	36,783	42,334
	Total cash		6262,977	F43,290
10	Debtors		2023	2022
	Accrued income		391
	Accrued interest on cash		2,525
	Total debtors		Z2,916
11	Creditors: amounts falling	due within one year		ZOZ2
	Accountancy fees		7,170	6,726
	Independent examination	fees	2„214	2,100
	Investment management	fees		2,150
	Grants awarded for future payment		43,000	58,000
			52,384	f.68,976