##
##
##
##
||PAGE|
|---|---|
|REFERENCE AND ADMINISTRATIVE
INFORMATION||
|REPORT OF THE TRUSTEES|4-7|
|REPORT OF THE INDEPENDENT AUDITOR TO THE TRUSTEES|8-9|
|STATEMENT OF FINANCIAL ACTIVITIES|10|
|BALANCE SHEET||
|NOTES TO THE FINANCIAL STATEMENTS|12-17|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||Notes|2022|2021|
|---|---|---|---|---|
||||6|6|
||||Unrestricted|Unrestricted|
|INCOME AND ENDOWMENTS|FROM:||||
|Investments:|||||
|- Investment
income|||168,615|179,553|
|- Interest receivable|||101|36|
|Total|||168,716|179,589|
|EXPENDITURE ON:|||||
|Raising funds|||||
|- Investment
management|fees|||34,502|
|Charitable
activities|||258,498|288,946|
|Total|||258,498|323,448|
|NET INCOME/(EXPENDITURE)|BEFORE INVESTMENT GAINS||(89,782)|(143,859)|
|NET GAINS/(LOSSES) ON|||||
|INVESTMENTS|||(282,367)|698,177|
|NET INCOME/(EXPENDITURE)|||(372,149)|554,318|
|FUND BALANCE 8/F AT 1AUGUST 2021|||5,630,795|5,076,477|
|FUND BALANCE C/F AT31JULY 2022|||5,258,646|5,630,795|
##
||||2022|||2021||
|---|---|---|---|---|---|---|---|
||Notes|E||||||
|FIXEDASSETS||||||||
|Listed Investments||||5,375,964|||5,531,369|
|CURRENT ASSETS||||||||
|Debtors||45,335|||2,451|||
|Cash at bank and in|hand|38,674|||294,880|||
|||84,009|||297,331|||
|CREDITORS:||||||||
|Amounts
Falling Due Within 1Year||||||||
|Sundry Creditors|8|(3,530)|||(3,718)|||
|Committed
grants|8|(197,797)|||(194,187)|||
|||(201,327)|||(197,905)|||
|NET CURRENT ASSETS||||||||
|(LIABILITIES)||||(117,318)|||99,426|
|TOTAL ASSETS LESS CURRENT||||||||
|LIABILITIES||||5,258,646|||5,630,795|
|NET ASSETS||||5,258,646|||5,630,795|
|Represented
by: Funds and Reserves||||||||
|Designated
Fund|9|||4,755,000|||5,125,000|
|General
Fund||||503,646|||505,795|
|TOTAL FUNDS CARRIED|FORWARD|||||||
|AT31IDLY 2022||||5,258,646|||5,630,795|
|APPROVED:||||||||
|Chairman|C PGrimwade|||Date ofApprova|I|||
##
##
##
##
##
##
|INVEST|MENT INCOME AND INT|EREST R|ECEIVABLE|||
|---|---|---|---|---|---|
|||||2022|2021|
|||||E|6|
|Income|from Usted Investments|||||
||Fixed Interest:
UK|||4,980|39,66D|
||Fixed Interest:
Overseas||||10,070|
||UK Equities|||4,815|65,201|
||UK Authorised
Umt Trust|||152,606||
||Overseas Equities: Asia &|North America||46|12,653|
||Overseas Equities: Europe/Emergmg||Markets||10,491|
||Alternative
Markets: Property|||3,163|13,409|
||Alternative
Markets: Infrastructure|||1,500|24,580|
||Alternative
Markets:Pnvate|Equity||1,505|3,489|
|||||168,615|179,553|
|Interest|Receivable|||||
||COIF Charities Deposit Fund|||101|36|
##
|The|Charity makes grants to both individuals|Charity makes grants to both individuals|Charity makes grants to both individuals|Charity makes grants to both individuals|and institutions|in accordance|with its grant-making|policy setout|m the Trustees|Report|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||2022||2021|
|||||||||E||6|
||Grants|payable to institutions||(a, b)||||210,810||236,760|
||Grants|to Individuals
(c)||||||10,000||11,250|
||Grant administration
costs|||||||27,067||27,487|
||Governance costs(d)|||||||10,621||13,449|
|||||||||258,498||288,946|
||(a)|General Chantable|Donations|||||35,000||40,50D|
||(b)|Arts Institutions
&Organisations||||||175,810||196,260|
||(c)|Individual
Donations||||||10,000||11,250|
|||||||||220,810||248,010|
|(a)|General|||||||2022||2021|
|||||||||E||E|
||Donations
under 65,000were|||given to 33charities (2021:37)||||35,000||40,500|
||Total General Donations|||||||35,000||40,500|
##
|PROMOTING AND ENHANCING
CHARITABLE WORK (Continued)|PROMOTING AND ENHANCING
CHARITABLE WORK (Continued)|PROMOTING AND ENHANCING
CHARITABLE WORK (Continued)|PROMOTING AND ENHANCING
CHARITABLE WORK (Continued)|||
|---|---|---|---|---|---|
|(b)|Arts|Institutions
Ik Organisations||2022|2021|
||1|St Paul's School (Bursary/Creative|Arts Awards)|24,000|24,000|
||2|Byam Shaw School ofArt, CSM (UAL)||7,500|7,500|
||3|West Dean Cogege||12,000|12,0DO|
||4|Textile Conservation
Foundation||10,000|10,0DO|
||5|The Royal Academy ofArt Schools||12,000|12,0DO|
||6|Royal College of Music||5,500|5,500|
||7|Guildhall
School Trust||10,000|10,0DO|
||8|Royal Northern
College ofMusic||5,000|5,000|
||9|Bishopsland
Educational
Trust||11,250|20,000|
||10|Trinity
Laban Conservatoire||13,310|10,010|
||11|Bristol Old Vic Theatre School||5,000|S,ODO|
||12|Guildford
School Acting, Surrey Univ||5,000|5,000|
||13|RADA||5,000|5,000|
||14|London Contemporary
Dance School||5,000|5,000|
||15|LAMDA||5,000|10,000|
||16|Courtauld
Institute ofArt||5,000|5,000|
||17|City &Guilds ofLondon Art School||7,000|5,000|
||18|Wimbledon
College ofArt, UAL||5,250|5,250|
||19|South House Silver Workshop
Trust|||5,000|
||20|Royal Welsh College of Music & Drama||5,000|5,000|
||21|Rambert School of Ballet||5,000|5,000|
||22|Contemporary
Bntish Silversmiths|||20,000|
||23|Royal Central School ofSpeech Drama||5,000||
||24|Royal Conservatoire
ofScotland||5,000||
|||||175,810|196,260|
##
|(d)|Governance|Costs|2022|2021|
|---|---|---|---|---|
||Audit and|accountancy fees|3,600|3,567|
||Consultancy:
Website & Logo||250|3,975|
||Admmistrative
fees||5,825|5,765|
||Trustees'|expenses|946|142|
||||10,621|13,449|
##
|LISTED INVESTMENTS||||||
|---|---|---|---|---|---|
|||||2022|2021|
|Movements
in listed investments
during the year were as follows:||||||
|Market value at 31July 2021||||5,531,369|4,921,964|
|Additions at cost||||5,685,611|274,727|
|Oisposals at opening market value||||(5,531,415)|(323,977)|
|[realised profit: 627,234(2021:E39,522||||||
|Net unrealised
(losses)/gains
in the yr||||(309,601)|658,655|
|Market value at 31July 2022||||5,375,964|5,531,369|
|Cost of listed investments
at 31July 2022||||5,685,611|3,883,863|
|AO investments
were dealt in on a recognised stock||exchange||||
|Listed investments
held at31July 2022 comprised the following:||||2022|2021|
|||||E|5|
|Fixed Interest:
UK|||||815,997|
|Fixed Interest Overseas
UK|||||32D,16D|
|Equities|||||1,574,583|
|UK Investment
& Unit Trusts||||5,375,964||
|Overseas
Equities: Asia IL North America|||||1,41D,533|
|Overseas
Equities: Europe & Emergmg|Markets||||412,663|
|Alternative
Markets: Property|||||331,005|
|Alternative
Markets: Infrastructure|||||591,928|
|Alternative
Markets: Private Equity|||||74,500|
|||||5,375,964|5,531,369|
|Ihe following
holdmg comprised
a matenal|holding|at 31July 2022 (Portfolio|SL)|||
|Quilter Cheviot Chanty Global Income|&Growth|Fund|||100N|
##
|||||FOR THE|YEAR ENDED 31JULY 2022|Continued||
|---|---|---|---|---|---|---|---|
|6|DEBTORS|||||||
|||||||2022|2021|
|||||||6|E|
||Accrued Investment|||Income||45,335|2,451|
|7|CASH AT BANK AND IN HAND|||||||
|||||||2022|2021|
|||||||6|6|
||C Hoare &Co.||||Current Account|27,614|27,690|
||Quilter Cheviot||||Capital Account||(610)|
||||||Income Account||20,315|
||COIF Chanties|Deposit||Fund|Deposit Account|11,060|247,485|
|||||||38,674|294,880|
|8|CREDITORS: AMOUNTS||FALLING DUE||WITHIN ONE YEAR|||
|||||||2022|2021|
|||||||6|6|
||Grant liabilities|(a 8|b)|||197,797|194,187|
||Grant administration||&governance||costs||218|
||Auditors'
remuneration|||||3,530|3,500|
|||||||201,327|197,905|
||(a)
Individuals|||||10,000|11,250|
||(b)
Arts Institutions|||8 Organisations||187,797|182,937|
|||||||197,797|194,187|
|9|DESIGNATED FUNDS|DESIGNATED FUNDS|||||
|---|---|---|---|---|---|---|
||The unrestncted|funds ofthe Chanty mclude the following|fund designated
for speafic|purposes|||
||||Balance at|New|Utilised|Balance at|
||||~01-Au -21|~Desi nations||31-Jul-22|
||||E|E||E|
|||2022|5,125,000|(370,000)||4,755,000|
||||Balance at|New|Utilised|Balance at|
||||~01-Au -20|~Desi nations||31dul-21|
||||E|5||E|
|||2021|4,575,000|550,000||5,125,000|
|10|ANALYSIS OF NET|ASSETS BETWEEN FUNDS|||||
|---|---|---|---|---|---|---|
||Fund balances at31July 2022are represented||by:||2022||
|||||5|6|6|
|||||General
Fund||Total|
||Listed Investments|||620,964|4,755,000|5,375,964|
||Current Assets|||84,009||84,009|
||Creditors: amounts|falling due withm 1year||(201,327)||(201,327)|
|||||503,646|4,755,000|5,258,646|
||Fund balances at31July 2021were represented||by:||2021||
|||||||Total|
||Listed Investments|||406,369|5,125,000|5,531,369|
||Current Assets|||297,331||297,331|
||Creditors: amounts|falhng due within 1year||(197,905)||(197,905)|
|||||505,795|5,125,000|5,630,795|
##
##