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|Index||
|---|---|
|Trustees' Report||
|Independent<br>Examiner's|Report|
|Statement ofFinancial|Activities|
|Balance Sheet||
|Notes to the Accounts||





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|||||2023|2022|
|---|---|---|---|---|---|
|||||Unrestricted|Unrestricted|
|||||funds|funds|
||||Note|||
|Income and endowments||from:||||
|Investment<br>income||||59,707|41,674|
|Total income||||59,707|41,674|
|Expenditure<br>on:||||||
|Raising funds||||(3,109)|(8,609)|
|Charitable<br>activities||||(68,915)|(124,998)|
|Total expenditure||||(72,024)|(133,607)|
|Net expenditure<br>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<br>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|





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||||||||2022|
|---|---|---|---|---|---|---|---|
|Fixed assets||||||||
|hivcstments|at market value||||7,069,573||7,636,787|
|Current<br>assets||||||||
|Cash at bank|||9|262,977||43.290||
|Debtors|||10|2,916||||
|||||265,893||43,290||
|Creditors: amounts||falling due||||||
|within<br>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|





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|2|Investment||income||2022|
|---|---|---|---|---|---|
||Dividends<br>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<br>fees||3,109|8,609|
|||||E3,109||
|4|Fxpenditure||on charitable<br>activities|2023|2022|
||Grants||awarded (see note 5)|63,727|120,110|
||Governance<br>costs (see note 6)|||5,188|4„888|
|||||f.68,915|K124,998|





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|5|Analysis ofgrants||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||The charity<br>undertook|no direct charitable|||activities|but awarded|grants|to a nmnber|of institutions|in|
||furtherance ofits charitable||activities.||||||||
||Grants awarded<br>by category:|||||||2023|2022||
||Music and the Arts||||||||||
||Luzerncr Sinfonieorchester|||||877|||||
||Philhannonia<br>Ltd|||||11,900|||||
||Lugano Musica|||||13,484|||||
||Zilberman<br>Film Foundation|||||5,000|||||
|||||||||31,261|105,496||
||Health<br>and Welfare||||||||||
||Power to Live Foundation|||||10,000|||||
||DEC Earthquake<br>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<br>costs||||||||2022||
||Management<br>and administration||||||||||
||Accountancy<br>fees|||||||4,020|3,746||
||Independent<br>Examination|||fees||||1,134|1,080||
||Bank charges|||||||34||62|
|||||||||S5,188|||



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|8|Fixed assetinvestments||Z023||
|---|---|---|---|---|
||Market value as at 5 April 2022||7,636,787|7,529,122|
||Additions<br>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<br>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<br>falling|due within one year||ZOZ2|
||Accountancy<br>fees||7,170|6,726|
||Independent<br>examination|fees|2„214|2,100|
||Investment<br>management|fees||2,150|
||Grants awarded<br>for future payment||43,000|58,000|
||||52,384|f.68,976|



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