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||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|
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|||Notes|2023|2022|
|---|---|---|---|---|
||||E|E|
||||Unrestricted|Unrestricted|
|INCOME AND ENDOWMENTS|FROM:||||
|Donations|||1,500||
|Investments:|||||
|- investment
income|||160,671|168,615|
|- interest receivable|||1,325|101|
|Total|||163,496|168,716|
|EXPENDITURE ON:|||||
|Raising funds|||||
|—Investment
management|fees||||
|Charitable
activities|||270,079|258,498|
|Total|||270,079|258,498|
|NET INCOME/(EXPENDITURE)|BEFORE INVESTMENT GAINS||(106,583)|(89,782)|
|NET GAINS/(LOSSES) ON|||||
|INVESTMENTS|||(145,717)|(282,367)|
|NET INCOME/(EXPENDITURE)|||(252,300)|(372,149)|
|FUND BALANCE 8/F AT 1 AUGUST 2022|||5,258,646|5,630,795|
|FUND BALANCE C/F AT31JULY 2023|||5,006,346|5,258,646|
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|||||2023|||2022||
|---|---|---|---|---|---|---|---|---|
|||Notes|||||||
|FIXEDASSETS|||||||||
|Listed Investments|||||5,102,747|||5,375,964|
|CURRENT ASSETS|||||||||
|Debtors|||37,245|||45,335|||
|Cash at bank|and in hand||66,414|||38,674|||
||||103,659|||84,009|||
|CREDITORS:|||||||||
|Amounts
Falling Due Within 1Year|||||||||
|Sundry Creditors||8|(4,560)|||(3,530)|||
|Committed|grants|8|(195,500)|||(197,797)|||
||||(200,060)|||(201,327)|||
|NET CURRENT ASSETS|||||||||
|(LIABILITIES)|||||(96,401)|||(117,318)|
|TOTAL ASSETS LESSCURRENT|||||||||
|LIABILITIES|||||5,006,346|||5,258,646|
|NET ASSETS|||||5,006.346|||5,258,646|
|Represented|by; Funds and Reserves||||||||
|Designated
Fund||9|||4,500,000|||4,755,000|
|GeneralFund|||||506,346|||503,646|
|TOTAL FUNDS CARRIED FORWARD|||||||||
|AT31JULY2023|||||5,006,346|||5,258,646|
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||||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||1|E|
||Donations||||||||1500||
||Income from||Listed Investments||||||||
||||Fixed interest:
UK|||||||4,980|
||||Fixed interest:
Overseas||||||||
||||UK Equities|||||||4,815|
||||UK Authodised
Unit Trust||||||160,671|152,606|
||||Overseas
Equities: Asia &|North America||||||46|
||||Overseas Equities: Europe/Emerging||||Markets||||
||||Alternative
Markets: Properly|||||||3,163|
||||Alternative
Markets: Infrastructure|||||||1,500|
||||Alternative
Markets:Private|||Equity||||1,505|
||||||||||160,671|168,615|
||Interest Receivable||||||||||
||COIF||Charities
Deposit Fund||||||1,292|101|
||Quilter Cheviot||||||||33||
||||||||||1,S25|101|
|2|PROMDTING||AND ENHANCING
CHARITABLE WORK||||||||
||The Charity|makes grants to both individua||||Is and institutions||in accordance with its grant-making|policy set out in the Trustees|Report|
||||||||||2023|2022|
||||||||||E|5|
|||Grants payable to Institutions|||(a, b)||||231,000|210,810|
|||Grants adjusted|||||||(9,987)||
|||Grants to Individuals
(c)|||||||6,000|10,000|
|||Grant administration
costs|||||||29,697|27,067|
|||Governance costs (d)|||||||13,369|10,621|
||||||||||270,079|258,498|
|||(a)|General Charitable|Donations|||||38,000|35,000|
|||(b)|Arts Institutions
&Organisations||||||193,000|175,810|
|||(c)|Individual
Donations||||||6,000|10,000|
||||||||||237,000|220,810|
||(a)|General|||||||2023|2022|
|||||||||||F.|
|||Donations
under E5,000were|||given to 37charities|||(2022:33)|38,000|35,000|
||||Total General Donations||||||38,000|35,000|
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|Arts|Institutions
&Organisations||2023|2022|
|---|---|---|---|---|
|||||6|
||St Paul's School (Bursary/Creative|Arts Awards)|26,0M|24,000|
||Byam Shaw School ofArt, CSM (UAL)|||7,500|
||West Dean College||S,BM|12,000|
||Textile Conservation
Foundation||10,0M|10,000|
|5|The Royal Academy ofArt Schools||5,500|12,000|
|6|Royal College of Music||5,500|5,500|
|7|Guildhall
School Trust||11,000|10,000|
|8|Royal Northern
College ofMusic||5,500|5,000|
|9|Bishopsland
Educational
Trust||18,000|11,250|
|10|Trinity Laban Conservatnirr||11,000|13,310|
|11|Bristol Old VicTheatre School||5,500|5,00D|
|12|Guildford
School Acting, Surrey Umv||5,000|5,00D|
|13|RADA||5,500|5,000|
|14|London ContemporaryDanceSchool||5,500|5,000|
|15|LAMDA||5,500|5,000|
|16|Royal Drawing School||6,000||
|17|Courtauld
institute ofArt||7,000|5,000|
|18|City ILGuilds ofLondon Art School||11,000|7,000|
|19|Wimbledon
College of Art, UAL||5,500|5,25D|
|20|South House Silver Workshop
Trust||5,000||
|21|Royal Welsh Cogege of Music & Drama||5,500|5,00D|
|22|Rambert School of Ballet||5,500|5,000|
|23|Contemporary
British Silversmiths||10,000|3,000|
|24|Royal Central School ofSpeech Drama||5,500|5,000|
|25|Royal Conservatoire
ofScotland||5,500|5,000|
|26|Scottish Goldsmiths
Trust||2,000||
||||193,000|175,810|
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|LISTED|INVESTMENTS||||||
|---|---|---|---|---|---|---|
||||||2023|2022|
||Movements
in listed investments|during the|year were as follows:||6|6|
||Market value at 31July 2022||||5,375,964|5,531,369|
||Additions
at cost|||||5,635,611|
||Disposals at opening market|value|||(131,880)|(5,532,425j|
||(realised loss: (4,380)(2022||||||
||proat:627, 234)||||||
||Net unrealised
(losses)/gains|in the|||||
||year||||(141,337)|(309,601)|
||Marketvalue
at31July2022||||5,102,747|5,375,964|
||Cost oflisted investments
at31July 2023||||5,546,091|5,685,611|
||AR investments
were dealt in on a recognised
stock exchange||||||
||Listed investments
held at 31July 2023comprised the following:||||2023|2022|
||||||6|E|
||Uk investment
&Unit Trusts||||5,102,747|5,375,964|
||||||5,102,747|5,375,964|
||The fallowing
holding comprised|a material|holding|at31July 2023 (porffoiio%)|||
||Quilter Cheviot Charity Global Income &Growth|||Fund (GIGF)||100%|
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|6|DEBTORS|||||||
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
|||||||R|E|
||Accrued investment|||income||37,245|45,335|
|7|CASHATBANKANDINHAND|||||||
|||||||2023|2022|
|||||||6|E|
||C Hoare &Co.||||Current Account|22,768|27,614|
||Quilter|Cheviot|||Capital Account|||
||||||Income Account|||
||COIF Charities Deposit|||Fund|Deposit Account|43,646|11,060|
|||||||ggr424|38,674|
|8|CREDITORS: AMOUNTS||FALUNG DUE||WITHIN ONE YEAR|||
|||||||2023|2022|
|||||||5|6|
||0rant|liabilities (a &|b)|||195,500|197,797|
||Grant|administration||&governance|costs|||
||Auditors'
remuneration|||||4,560|3,530|
|||||||200,060|201,327|
||(a)|Individ uals||||6,000|10,000|
||(b)|Arts Institutions||&Organisations||189,500|187,797|
|||||||195,500|197,797|
|9|DESIGNATED FUNDS|DESIGNATED FUNDS|||||
|---|---|---|---|---|---|---|
||The unrestricted|funds ofthe Charity include the foBowing fund designated
for specific||purposes|||
||||Balance at|New|Utllised|Balance at|
||||~01-Au -22|~Desi nations||31-Jul-23|
||||5|E||6|
|||2023|4,755,000|(255,000)||4,500,00D|
||||Balance at|New|Utilised|Balance at|
||||~01-Au -21|Designations||31-Jul-22|
||||6|E||E|
|||2022|5,125,000|(370,000)||4,755,000|
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