Trustees, Report
and
Financial Statements
2023

Table of
CONTENTS
Page
Reference and Administrativ¢ D¢tails
Trnstees. Report
Stst¢m¢nt of Financial Adivilies
10
Balance Sheel
Cash Flow Statement
12
Note5 to Finttrtcial Statements
Independent Auditots, R¢port
22-23

Ro
ferenee *nd Admi
Elected Man4eme•t Body (volun¢ary)
Choirnian- Giles Cow OBE. Yice Clwirnon- Fthil Dale • Treorw- lan Freeman
The E¥eeutive Committee." Kay Cannan. Pat Chu1￿ Gik5 Cry OBE. Daniel tkm, Phil Dale. lan FreaTh￿ Paul
Ganjou, Cheryl Garland, Fawn Jatne4 Marttn lone& John Logan. Vicki Mi¢h¢lle MBE. Spencer Phillip4 Babs Powell.
Rob¢rt Powell. Keith Simmons.
Tn￿lee5 {elecled).' Gilu Cocyer OBE {ChairnianX Laurie Mansfiel4 Phtl Dale. lan Freernan
Homornry MemberJ (bestowed)
H(￿. Life-Presidenl - Laurie Mansfiel¢L HOPL Yice-Presidents.. Rog# tk C(w. Robert FArl Jnr. Sttwl Littlewoo
Joe Pasquale, Nick Thom￿ MBE, Bradley Walsh
Life Governors (honorary).. Imd Mithael Gr*Je CBE
Hon. Chaploin". Rev. Simon GriBg
Re£15tered addres&. Brinsworth Hou& 72 Stsines RO￿ Twithnham TW2 SAL
Independent audltors: Haysmacintyr¢ LLP. 10 Queen Stred Plx lA)nd{￿ EC4R IAG
Soll¢hors: Clintons. 2 St Giles Square. London WC2H 8AP
Bankers: Coutts & Co. 440 Strand. L￿don WC2R IK)S
Arbuthnoi IAtham & Co.. Limite41 Artrtrthnot 7 Wils(ffi Strrt London EC2M 2SN
R¢gi8t¢red custodians: Evelyn Partn¢TS T￿￿¢ CLYwation Limiie¢i 25 M(x)rgate. L4Mdon EC2R 6AY
Investment m*n*gers: Ev¢lyn PartneTS Investment Management LLP. 25 MoorgaK London EC2R 6AY
SchToder& Co Limite¢ 12 Moi)Tgat4 EC2R 6DA
Registered eharlty Dumber. 206451

ees, Re
The TTU5tees pr¢s¢rti their Annual Rew¢ in compliance with the Charities Act 2011 and the Charities SORP (FRS102).
tog¢th¢r with the audited financial ststrments for the yew v)ded 31° Decernber 2023.
Rtfere#ee and AdmiDi$tr*¢ive lthform*tx)n
The Royal Variety Charity ('fharityJ is a charity regisiered in England & WalE5, with registration number 206451. Its
Registered Office. logether with the Charity'5 ¢lected O￿l¢erS and ¢lKted TrU￿eeS (elecied from the Members of the
Charity's Executive Commiltee), kng¢th¢r with the Charity's external *Jvisus and banker4 are p￿sented on page 2.
struttu￿ Govern*JK¢ Management
The Charity is governed by its Rule B(M)k and Con5ti¢ution. first dated 1908 and l&st amended on 29 January 2016. The
Execuitve Committee elects from its Member& once every five years, three unpaid OtTicers: a ChaiTman. a Vice-
Chaimian and a Tre&wrer, w manage and oversce all aspects of the Charity's operntion and work. They have a
responsibiliry to act with due care and consideration and are required io Fyovide regular rep(wts and ur4laÉes to both the
Charity'5 governing Execuiive Commill¢¢ and also to their ele¢ted board of Tnjstees. The Ex¢¢utive Committee a150
el¢¢ts from its Member& once ¢v¢ry five years. a body of up to seven Trustee5 to be responsible for the Charity'5
financial inv¢stments. long-term strdtw and long-temi dirKtiI)n and goal* The Executive Committee. whilst delegating
managerial responsibilitie5 to its elec*d 01T￿e[S and Cl￿ed Tn￿te4 conc¢nlrnt¢s its own effort5 on deriding on
admissions to the Charity's care home (Brinsworth House). maintenance and irnprovements to the c8r¢ home, the
consideration and implementation of from lis elected TThst¢¢g )nd the awarding of one-off and regular grants to
the Charity's many de￿ndants around the UK. Each of the Chwity's elected oificers and elected Trustees has
experience of, an understanding of. speeifTC aspects of th¢ Charity's work and of srkcific areas within the
entertainment tndustry. This ¢ff¢ctive goveming parthership berween the fijll Executiv¢ Committee and it's el¢cted
Olficers and elected T￿￿te¢s, together with the Ctharity'$ employed professional& ¢ontributes significantly ¢0 the
Charity's respect. standing and success.
The elected Tn￿te¢S meet to Irview the fmwcial stsnding of the Charity (in¢luding the investment p¢rfomiance of the
Charity's reserves) and to consider options for its long-temi stsbility and success. Try also agree and implement
annual operalTrDg firtamcial budget, which is adhered to across all depattsnenrs of both th¢ Charity ald ihe care hom¢.
They are also r¢sponsible for ￿solVing any legal matters, ¢mployment dispuie& or any extra-ordinary issue5 that m#y
affe¢t the Charity from time-to-time. They also hav¢ delega*d authority from the Executive Committee. for the
appoinknent of the Charity's senior employed stsff, such as the Charity's finance director and lh¢ matron of the care
home. They also revi¢w key management remun¢r*ion each year. In 2023, the T￿s￿S met regularly in p¢rson. by
Zoom and telephone.
The ExKutiv¢ Committee usually m¢as * leasi six times per year reviews all matters of imwnance relating to th¢
day40-day rurtning of the Charity. li reviews reFrf)rf5 from its elected Tn]5te4 including up-to-date monthty
managment accounts presented by the TrewTer. They atwve or award all sociai grants. &)nations and gifts mad¢ by
the Charity and Tatify any ¢wnditure included the annual financi￿ budget.
The Executive Committee appoint& from its Memlxrs. certain SU￿rnM1￿eeS which. in its opinion, are deemed
necessary for it5 more efficient operation. Subacommillees hav¢ no executive or fornial Fwers but ttct to enSts￿ that the
responsibilili¢s and duties of th¢ full Executive CommittK #re being carried out as thoToughly and as efficiently ls
Possible, allowing for the maximum due consider*1￿. w¢ and atteniion to all matt¢is. li is the duty of the thairman of
cach sub-committee to present its findin8s and reujmmendations io the Charity's Chairnlan and to th¢ fvll Executive
Committee for discussion, review. voting, action and fdiification. During 2023. the GTants SulTrCornTr]ittee met
umerous limes to review n¢w, existing and On-going grnit applic*ions. Th¢ recommendations of each Grants Su
Committee meeting were ratified by the Executive Commilltt lollowing ea¢h m￿ltiE.
AdThini$trati
Our unpaid. elected Chaimian. Giles Coy. ￿￿1]nUed this year with a hands-on approxh to the rnanagement of the
Charity and presenied the Trustees and Executive commit￿ with regular OPEXKtimities to observe and influence the day-
to-day operation. The value of dona¢ed (unpaid) services afforded to the Charity over the period by the Chairnian. Giles
C¢yJper, is estimated to be £105.(KJ) (2022: £IIXI.000). Th¢ Charity would like to place on record its thanks to Giles
Cooper for all his time and effort in this reS￿ct and also foT his w(R* LM) the Clwity'5 main fifftdraising event. the Royal
Vars¢ty P¢rfornwice.

Ro
riti
eontinued
A¢¢ountlng aTrd Reportln# RespoDslbilltle8
The elected Truste¢s are responsible, on behalf of the Executive CommittK for preparing th¢ Trustees, Report and
Financial Statem¢nts in a¢cordance with applicabl¢ law and United Kingdom Accouniing Standard5 (Unttrd Kingd
Generally A¢¢eo¢d A¢¢ountin8 Practice).
The law applicable to choTi¢ie5 in England and Wales wi￿5 the Tn￿te¢S to Fyepare fmancial swements for each
financial year which give a tn￿ and fair view of the stsie of affairs of the Chariry and of the incoming re50urce5 and
application of r¢sourr¢s of the Charity for that wiod. In preFwi5￿ these firsancial statemenE4 the TTUStees are required
to..
Seleth suitoble a¢counting ￿lICIeS and th¢n a￿lY them consistently.
Observe aT]d wmpty with the meth(xt% guid¢line5 and principles outliAed iti th¢ Clwity Commission's
'Ststern¢nt of Recommended Praaice. (SORP)"
To make judgements and estimate wh* is reasonable and whcth¢r applicable acc4wnting standards and
51atements of Tecommended prauirx have been ftilk)rf subject to any material departUTes disclosed and
explained within the financial ststern¢n
To prepare the financial stst¢ments on a going concttn blsis unl¢ss 1¢ is inappropriats to presume that the
Charity will continue in operation"
To employ a r]rt￿￿ director with delegated rwsibility for keeping proper accounting re¢ords and who is
able io dis¢lose with all reasonable accuracy at any time the financial rx)sition of the Charity and to enable them
to ensure that th¢ finpnrial 5ts1ements comply with the Clwlties Act 2011 and the Chariiies SORP (FRS102).
the Charity (Acctsunts and Reports) liegulations ther¢ under and the provisions within the Charity's Rule5 and
Constitution-
The responsibtlity for safeguarding the L8ets of the ChaTity an¢1 henc4 for taking reasonable steps to ensure the
preveniion and d¢t¢¢tion of fraud and other itregulkritie5"
The responsibility for maintaining honesty, integrity and g(Mxl wactice within the Charity. and to ¢nsure that all
fman¢ial inforni*l(￿ presented internalty aThJ publicly Presents a ITue and honem ￿fleCtiOn of its situation.
Internal Controls Tr•N$preTrcy and Dirycktsur
Internal controls over all forn￿ of upenditure continue to I￿ r¢fm¢d io improve efficiency. with financial processes and
safeguards in place to ensu￿ that F%rformance is monitored ¢liJ5¢1y. The CharÉty's employed finan¢¢ dir¢¢tor is
r¢5pon5ibk for providing a monthly r¢ix)rt (wnthining all matters of imporfance) together wilh monthly m￿agement
a¢counts for review by the eleded Chairman. electrd T￿￿$￿Ter and I￿nOrary Life-President. The TTeLsuttr. in.tum.
pr¢sents a summary of this re￿ io the Ex¢¢utive Committee * each of their m¢¢lings.
In¢¢rnal wntrols include: a detril¢d amiu&l financial bjdget approved by th¢ TTU￿￿ regular consideration by the
Truslee5 Of the ongoing financial r¢5uIts, including. variances from budg¢ts and brnchmthing reviews: the deleg&iion of
day-to-day management authority: and th¢ id¢Mification of, and managemtht of. risk&
Whilst the e1c￿¢d Trnst¢¢s are resP￿sIble for strw and the tong-m well-being of the Charity. it is the governing
Executive Committee that is at the heart of the d4y-lfrday opu*ion. It's membets meet 81 least Six times per year to
approve and rdtify expenditure of the cFwity. This in¢ludes expenditute noi included in the annual firwjcial budget and
the awarding of grants 4nd other payments to the Charity's many beneficiaries. Th¢ Executive Comrnittee is also
responsible for the Charity's care horne. Brinsworth House and this re$F￿sibIlIty includes the home's upkeep. re￿IrS
and maintenance, together wtth the safety. security and well-b¢ing of its many residents.
En 2023, the Trusttts reryappoint¢d Evelyn Partners Trust Cor￿)raIl(￿ Limited as the Charfftty's regiswed ¢ustodians. As
custodians, Evelyn Parthtt5 hold5 on trust all title deeds of th¢ Charity's promies and custody of th¢ charity's various
trademaTks.

Trustets, Re rt
CODtinued
Public Be#efit
The Charity rem8ins Committed to the a?Tn of woviding'pthlic benefit, in accwdm with its founding policies. and th¢
Trustees confirni that ihey have paid due regwd to ihc provisions of S￿lI0￿ 17 of the Chariiie5 Ac(2011 in selling aims
and objectives and planning ￿t￿le a¢tiviti¢s. The Charity. under its Chainnanship. has been transfornied over ￿ent
years and now provides a m(Klern spirit of transparency and q)emi￿ including detailed di%losur¢5 and a complete
overhauling of the Charity's governing 'Rules and C¢)nstitulion'. Our Grants sub-commill¢¢ met regularly over ihe year
ond at all times w¢fulty considered areas where it could improve our work for 'public benefil, and subsequenily
recommended io our full Execuiive Cornmitte¢ they ratify the awarding of nuTnernus grdnts and gifts to those i
need. This y¢ar. the Charity awarded grants to individuals totslling £164,56512022: £80,786). In addition lo the grants,
the Charity ¢ontributed £227,151 Q022: £172.906) iowards care hom¢ fce shortfalls for residents at BrirtSWOrth House.
The Charity also £1,412.818 (2022: Q.133,888) on r¢fiwbi5hment and imwovement cost5 to Brinsworth House.
In summary. the Charity's Ol￿tional plans ar¢ (kviscd to combine our strategic obieciives with our financial means and
are developed to maximise our exF¢ndityre ￿WardS OUT many beneficiaries; bein8 mindful of the Charity C(Ynmi5sion's
guidanc¢ on i0￿eaSing.pUblic ben¢fit'.
Rlsk Ma￿28ement
The Trustees have introdured fonnal risk nwiagem¢nt processes to assess risks and imp]cment risk management
Strategies. This h&s involved identifying th¢ tyrKs of risks the ChaTity may facc. prioritising ihcm in temis of potential
impact and their lik¢lihood of occurrence, and then ideniifying mean5 by which to mitigate those risks. As part of this
Iwocess th¢ Twst¢es have revi¢wed th¢ adequacy of the Charity's current internal controls and ihe costs of operating
particular ¢ontrols rElative to the b¢n¢fits obtained. PrrKedures have been established for reportin&> failings irnmediately
to appropriate levels of mana8emeni and Officers. The prTrncipal risks aThJ uncertainties facing th¢ Charity are the
proiection of th¢ int¢resL8 and nttds of our more vuknernble beneficiarie5 and (xjr continuing dependency on public
support for the financing of our essential activities. ls noted below and in conne¢tiOD Wlth our reserves policy.
In view of lh¢ legislatiye changes within the Chariiies Act 2011 wilh re14tion to ¢8re homes. the Charity has employed
Ihe s¢rvic¢$ of Croner Group LLmLt¢d to provide cOm￿t technical advitt and praciical supp)n in the managemcni of
Health, Saftty and Wellbeing and whose main Tole is to oisure all regulatory Tequirements ¢omplied with and
maint•ined.
The generic controls used by the Charity to minimise risk include:
Any strategic development planning under review"
Comprehensive budgeting and management accounting-
Formttl written ￿lIcI¢S including ckar authorisation and a￿[oVal levels:
Vetting pro¢￿ur¢S &8 required by law f(Y tht proteciion of the vulnetabl¢' and
Health and safety is always paTamount &5 part oftyjr risk management controb and the risks within the ¢ar¢ home range
from firc hazards io infrasttwlur¢ repair5 and maintenance to [￿Sonal risks. The nwnber of xtivilies wiihin the rare
home Are both abundant and impressive and the risks a&￿￿1￿ted with all aaivities are minimi5¢d to the bESt of the
ChaTity'S ability through ptanning and c(*)iinual. (￿-goin8T1Sk assessm¢nL
The TTUStees and Execuiive Commkt*¢ are ￿1SfIed for all major risk5 id¢n¢ified. apwopriate controls and funds i
Ihe Reserves in place and maintained to miligate risks adequat¢ly.
It is recognised, however. that Systems and risk manageme4t ¢ontro15 only prDvide a level of Te￿able assurance and
not absolute wurdnce that major risks have been managed and minRmised effectively.
The Charity's main funthai$ing event was h¢ld in 2023 and generated sub5tanti41 fimd%.
Alms, Objedlve5 athd A¢tlvlties ofthe Charity
As detsil¢d aiK>¥¢ the ChaTity has alw4y5 paid Tewd and wn5id¢rntMNb ￿ the published guidelines by th¢ Charity
Commission relating to the'publi¢ benefit. Tequirernent of the Charities Act 2011.

Roi
ri
Trustees. Re rt
Mtssion St8iement
The Charity strives to support all those in ne￿ of help and assistsnce. trx)th young and old. who have w(Yked on the
stsge. in the winw in front of a ¢hm¢rd OT Ixhind IL as well as all those who hav¢ spent their lives working in the
nuMer￿S supwKt industri&% U[￿ whith th¢ ¢ntertairnt Fyofession reli
Ainb$ #od Objectlve
The Charity's airns and objectiv&s are for the relief of poverty of &￿rfOrm￿S and entrrtainers. and ￿h¢r pe(wle who
or have been c105ely asSoci￿ed with the eniertainrn¢nt profession ('Entertainmeni Arti￿es.), their surviving partner&
spouses and dependants and for ihis purp)se. but not otherwise. the income and propeffy of the ChaTity shall be applied
$ol¢ly for the promffjl￿ of those Objec￿ including:
To award grants to al]evi8* hathip:
To contribute to, or pay all. funeral expenses.
For so long ¥ th¢ Executive Committee and ThL*s shall d￿erMIne pnthnL to operate and rnatntsin a
nursing and care home for 'Fmi¢rtainment Artistes. and to Contrib￿¢ to th¢ fee5 associated with being a
resident in the home.
The Charity's dedicated care hom< Brinsworth House in TWICkenh￿ I￿￿on. has facilities for up to 32 residents
- 16 residential and 16 nursin8 ¢art Trsidents- who require fvll or semithnur5ing w¢.
Our vision is to ensure for those who have drylicated their lives to the erttenairnt of others illnes4 povety and old
age don't hinder and degr&Ae the remAin(kr of their lives. (Jjr objective is to provide r¢li¢f to 'Enlertainment Artistes.
and their familie5 by helping to improve their comfwL suffering aThJ rnisfornthe by tKoviding 5UPPOrt and working in
paTtheTship with those who share our visi(m and mission.
A¢hiev¢methts *nd Perforn•nee
As has been the ¢a5e Since the Charity w&8 founded in I￿8, it'5 care home. Brinsworth House. in Twickenham. w¢st
London, sits ai the very core of its operntion. Membts5 of the management body are in close daily cont4d with the
home's clinicians and xthninistrator5 to enSUTe thai the estsblished high standard5 of cart and accommodation a
maintsined and enhanced.
Monthly meetings are held with staff and with residents and thetr fwnili¢s to c￿lIsh Eeve]s of satisfaction and identify
any areas which may requir¢ wention.
The Charity's Executive Committee m¢mb¢T5 4re chosen to represent all age wups artd to provide advi¢¢ and ¢ounsel
based on their extensive eX￿rienCe WOTking in a wide variety of IM￿lneSS and chaTity Sect￿. in¢luding prom.
finance. charity admtnistration and the ent¢rt4rnrn¢nt indu5ty itself.
Entertainment and activities are &ssenttal factors for the me￿￿1 well-￿Ing of our residenty We would like io thank all
the arti$tes who entertained our restdents..
Actors Richmond. Benjamin SIiKk. Carol Wel￿. Chrisiina Johnst(￿-Myathln. David Capri" Els￿ Wilkes: Emma
O'Dell. Emma Woodbum¢; Fiona Paige. Gany Mutrell: Harry KeT5haw' Ig(Y Outkine: James Hay. James Hodgson.
Jason Allen" John Pltsck. K*ie L¢wi& Linda Watts. Lloyd Ellery: Marc Ellery. Mark Porter,. Martin Cleave" Mike
Marandi. Miranda Richards. Shelley Van L(Kn and the Palm Court Strings. Kate Garner. Johanna Maki" Paul Woodcock.
Peter Toth. Rah Rah Community Theatre Company. Sam Jewson" Shani CantOT" Simeon Wood. Steve HewletL Tham
Stanbury. Tom Carradine. Twisted Piatjist.. Vivienne Mcmaster.
In addition, ￿tiVitIeS included.. flower arnging, g¢nernl knowledge qui7￿ movie4 fitn¢ss sessions, nai15 3nd hand
m&ssag¢5, arni¢hair yog< bingo. group crossword5. and singin& Intrrdenominational p&%toral care is in the hands of our
Chaplain, the Reverend Simon Grigg. The Charity aLso has Sky TV for the resident's enioyment.

Trus¢ees' Re
ntinutd
Aehievements and Performance (¢ontlnthtd)
(￿r cliniL71. care gnd athninistrative staff undert(K* a widE range of topics fmm our E-karnin8 pmgramme. our
consultsnt trnin¢r and extfrnal session4 covering such d?ver5e topics as medication managem¢nL Covid-19, infectio
control, ¢nd of life ca￿, food hygiene, mouth Care, moving and handling. and record keeping. OUT Staff were awarded
321 certificates of proficiency in 4 variety of care*related topics through e-learning and internal cowses provided by our
outside training con5ultsnts. Technology was tsken advantsge of during a challenging year for our in-house training
programme wi¢h sorne s￿l0￿S held on Zoom.
Brinsworth Hous¢ L5 a l(m8-Standing respecied mernber of the I(￿8] community and ts proud of its $trong tonnection
to the area and its fim) reLitionship5 with the local Primary Care TrusL the ¢M￿¢￿¢Y serrfices and local Schools and
colleges.
Fundraising *Bd Events
The Charity's principal annull fvnthlising event is the Royal Varicty P¢rform*K¢. which w&8 staged in 2023 at the
Royal Albert Hall on Thwsday 3￿ November2023.
The Chaillnan of th¢ Chariry. Giles Cooper. w(Kked closely with ITV Swdios to w0￿Ce thi5 unique eveni which was
It¢nd¢d by iheir Royal Highnesse4 The Prince and Priftc￿ ofwaks accompanied by th¢ Crown Prin¢tss Victhria and
Prin¢¢ Daniel of Sweden.
The show was hosted by BEadky Walsh and the artistes featsTed ineludEd.. Malevo: Larsson. Rosie Jones" Crazy For
You,. Viw V¢nn' Paloma Faith. Tom Alkn: Hannah Waddiw. Derren BrowTr's Unb¢li¢vable; Thc Big Little
Thing5" Rick A￿ley. Simon Brodkin" McFty" Meloni¢ C and Ben Fortr. Lang Lang and Lucy. Sist¢r A￿. ond Cher.
Th¢ show was televised in the UK on ITV and ITV HD and streamed on rrvx, attTrcting high ratings. As usual, the
show was also screened around th¢ worl¢i including on Christrnas Day in AustrdliN N¢w Z£aland and South Africa.
The Charity would like to pllt on rttord its thanks ￿ Chairman Gi1¢5 Cw forhis hard work and enthu51a5rn.
The Charity receives royaliies from clips of Royal Vari¢ty P¢rfornLances which are thowij on tel¢vision worldwide
during subsequent years. In 2023. royaliies amount￿ to over £I￿.(m)0 #re included in "Fundraising" on page
10.
The ITV'S 'Bri¢ain's Got Talent, generated irKom¢ of over £20.￿ in 2023. We indebted to Simon Cow¢ll and All ai
Syco Television for their continued Sup￿ of our Charity.
The Charity also rrceiyed lega¢ie5 and donatiLW the year amounting to £124,115 (2022: £572.035). While the
annual value of these contribu¢iw]s is UnPTedittabk, it mnains a helpful Sou￿¢ of arteillary income forthe Charity.
2023 saw the Compl¢¢]￿ of the final phase of WO￿ at BTinsworth House ¢ovtrAng the refiobishment of seven bedroo
and the hair salon.

Trnstett, R
ed
Firt*ncl*l Review *od Results for the year
The Siatem¢nt of Financial Adiviti¢s (SOFA) is set out on page 10. The Charity's net movement in funds w&% negative
£291,301 in 2023 (2022.. n¢gativ¢ £233.383).
The Charity's main sour¢e5 of income before costs in theyegr w#e:
2023
2022
Fundraising
'Britsin's Goi Talent.
Legacies
Donations, appeals and investsneni income
Residential and nursin8 care fee$
Grants
1.471
23
65
147
lJ36
1.449
25
523
155
1.058
33
45%
16%
4%
45%
33Yo
£3343
Ioo•A
Fin*nciil Management and Res¢rveJ PolKy
As a matter of policy. the elected Tru5tee5 review exh year the value of Teserves retained in the forni of inve5thients.
cash and cash equivalents ncrt held for re5trided purposes or designated PToi¢¢ts. The elected Thlstees consider the
Charity's exposure to major risks in ternis of their likely impact on its incom¢ sour¢es and p]anned expenditur¢ in the
short ¢0 medium tern). as well as assessing the best way to mitigate ￿ch with inrome.
The majoT risk is of a thcline in voluntsry incom< particularly due ts) any w>nomiclstock mwket downttmi and other
factors leading io both declining legacy vatues and Teduced donations. The pr¢sen¢ target range for free resetves is
tdeally £5 million. which would equate 10 24 months plus total expenditure irt han4 to enable us to cope with
unforese¢abl¢ ¢M￿C￿CleS. Genernl Reserv￿ are £1.475.970 a5 at 3 ISI December 2023 (2022 £3,194,625) and therefore
fijthre budg¢ts will be Set to achieve an operating Surp1￿ to reach this tsrget. The d¢signthd fund for r￿ed assets stands
at £8,830.374 as at 31# December 2023 (2022 £7.403.020l It is not a restricted r¢serve.
Investment Polky
The Trustees act in a¢¢ordaTKe with the 'Tn￿teC Act 20(X)' p#ying particular attention io 'duty of fja￿. irnp)5ed up)n
trustee4 trusi¢¢s' pow¢rs of investhient and the pow¢r 10 4)point nominees and agents. Th¢ Truste¢s note that the Act
"seis a n¢w duty of we, both objective 8nd standar4 m&s$ively extends the ttustees, pow¢r of inve5¢ment and limits the
stees. liability for the Actions of agents. also providing fortheir remuneration for thne."
The present investment policy is lo m￿lM]se the long-tttm iotal retyrn of the Charity's InV￿nn¢￿t W subj¢¢t to the
risks nomially a&8ocIai￿ wilh a balanced approach io NJrtfolTO management and subject to an ethitttl stance that
excludes any investhient in amiaments. in view of the severe disabilities so often resulting from their use.
Except for the at¥)ve. the Charity doe5 n(* restrict its ffijnd m8nog¢rs with regards to any catrgory of invesm)ent.
However. il expects and eThcourdges fimd mwers to invest onty in ¢ompani¢s h8ve appropriate governance and
social responsibility policies. We also exw that the actÈvities of ¢ompanie5 will be monitored ￿th against their
own stsndards and policies and also again￿ the stsndards of s(￿lery in gen¢rnl.
During the y¢ar, &hToder & Co Limi*d and Evetyrt Parth¢rs Investmeni Managunent Limitryj managed our portfolio5.
The Charity's Tre&sur¢r receive5 reports from the inv¢stm¢ni managers on a qtwterly b&%is th revi¢w the invesimeni
portfolios and these r¢5ul¢s are reported to the other Trustee5 aThl Executive Committee. The 2023 t￿￿7 realised rettjrn
was a gain of £73.044 (2022.1(￿5 £50214) and unrealis¢d gain wa5 £15.938 (2022.. loss £194.941).

Future pl**s
The Charity is &s ever committed to improving the effi¢ieti¢y of its OlKTation and is (1x￿tlY looking into all areas of
how its w(*k could be imwov¢d.
Thc Charity is cornmitted io helping mwe in need and has improved the efficiency and effectiv¢nes$ of its nationwide
grants schem@ allowing more applicants to receive help in a faster time.
The Charity 15 4150 looking to see how it call widen its level of 5UPN)rt io all areas of the entertainment industy for
p¢ople of all a8¢% and a review of our brand and presence in the indu5ty is currently king discussed.
Our forward-thinking appr1￿Ch to ihe Royal Variety P¢rformanc4 its younger awJi¢nce and the supF￿ of all generations
of the Royal family. will be encouraged and further nurtured.
OUT Current television produ¢tion and broadcast ¢ontratt with ITV will continu¢ ￿111 2025. On a side nolA Britsim's G
Talent, produced by Thame5 (a division of Fremantl¢ UK) and Simon Cowell's Syco Entertainment. continue5 10 return
¢xeellent Tatings and h&8 eXte￿Ied its conlwl with rrv until 2024.
As wt of the Ch#Tity's fimdamental str¢¢gy. the TTuskes have r¢vi¢wed the *ets for 2024 and 2025 are satisfi¢d
Ihat it is appropriate to prepare th¢ f)noncial sta*ments on a'goin8thCOJKCrn' basis.
Finally, plans are being mr4J¢ to hold our main fimthising evthl the Royal Varidy Perfomance. toward5 the end of the
A¥ditorJ
During ihe year the TTWt¢es reviewed their wdit requirunents and decided to re-appinted Haysmacintyre LLP
audirors.
Approved by the Tr￿￿e£S x*d signed OD their behalf by:
In accordance with the Charity's Ruks & Constiluiion updaied in JODW 2016. this Annual Report and Financial
Statements for th¢ year ended 31 Decemb¢r2023 is appY0V￿ and signed by the elected TTU5ttts.
L8urie Man$field
Hon(xwy Lif¢- President & Tru￿¢¢
Gile5 Cotyp¢r
Chairnian & Trus
lan Freeman
Treasur¢T & Trustee
Dated: 28 June 2024

tem¢at of Fin*n¢knl Actiwiti¢s for th¢
e•r ended 31* December 2023
Totsl
Funds
2023
Total
Fund$
2022
Note
Income froTh:
Donation5 and legKi¢s:
Fundraising
TV fees (in¢luding Britain's Got Talent)
Legaci¢$
Donations, appeals and fundrnisin8 events
Grdnts
Income from investments
Other Income
1.125267
370.￿)0
64.690
59,425
1.113.435
360.000
523.162
48.873
33.031
105.723
50
85,879
1.260
Ineotne from thAri¢*ble activiti
Residential and nursing care fee5
lJ35.563
1,058,256
Tot•1 income
3,041084
3242J30
Expenditure o
Cost of geTrerating funds:
Royal Variety Perfomiance
Investment management costs
Other fi￿drdls1ng and publi¢ity
473.407
9,187
248.297
472.375
18,152
392.855
ChArit#ble 4ctlvhks
Brinsworth House Residential and nursing ca
Charithble aid
2.406.231
199.366
2.134,206
107,447
Tothl exptndlture
3J36.488
3,12S035
Realised inves¢ment (loss)
Unr¢alis¢d inv¢sthient gainlooss)
(12.835)
15,938
(155,937)
{194.941)
Net {¢xp¢nditure)
(291JOI)
(233J83)
movemeTrt In fullds
(291,301)
(233.383)
FuRds brought fornard •5 At l January 2023
10.597,645
10.831.028
Tolal fvnds #$ at 31 D¢£mber 2023
11& 12
joJ￿￿44
IOJ97,645
All amounts relate to c(ffitinuing activities. There were no other rec0gtt1￿ g4in5 or losses during the year.
The accompanying noies (m pag¢$13 10 21 forn) W of these financial slateM￿ts.

laiee Sheet *t 31st Dtttmbtr 2023
2022
Flxed Assets
Tan8ible assets
Intangible ￿5£1$
Investments
8.830.374
7.403,020
8b
1.137.747
,911,444
9M121
9Jl4464
DebtOTS
Cash at bank and in hand
343,457
558.628
728.241
1.277.256
902.085
2.005.497
Credltors: amounts falling
due withln one year
10
(563.862)
(722.316)
Nei Current Assets
1,283,181
To¢•1 Assets less Curreni Liabilities
IOJW44
IOJ97645
Funds
General Res¢rv¢s Iurttestricted)
Fixed ASS￿ Fund (Designated)
11& 12
11& 12
1.475.970
8.830.374
3,194.625
7,403.020
Total FuDd5
IOJ06J44
10.597,645
nancial statements were approved 8nd authorised for issue by the Board of TThstees on 28th June 2024 and were
low on its behalf by:
LAurit Ho#.
per- Hon. Chalrni•n
le- Ho•. Vi¢e Cb*lrman
Fr¢¢man-
onornry
The accompanying ntM¢S m pages 13 to 21 form Phrt of these financial 5tatem¢nts.

ritr
*iemtnis 20
Clshllow Ststem¢Dt for the ar ended
l* D¢cember 2023
2023
2022
Re¢on¢ill•tion of net income to net Ilow frorn operAti•t aetivities
Net (expenditure) for the Teporting peri
Depreciation and amortisation charges
Ikcreasel(Increase) in deErtors
(Decre&%eyIncr¢as¢ in ￿editOrS
Interesi 2nd dividends
Losses on investments
lfjainsYLosses on di$posa]s
(291.301)
123,123
384,784
(158.453)
(85,879)
12,835
(15.938)
(233.383)
101.407
(67.054)
565.524
{105.723)
155.937
194.941
Cash Ilow$ from op¢rntlng activities
(3W19)
611,fA9
Cash Ik)Yn from invegti•z *¢tlvhks
Dividends and interest received
Purchases of thngible assets
Withdrawal from invesmient wnfolio
Purchase of invesmients
Proceeds from sale of inv¢sthients
85,879
105.723
(IJ50,477) (2,307.597)
788.895
1.100,000
(47.597)
(14,fy)5)
35.501
{71.057}
Net ￿$h (used) Iprovided by Investl•i aetlvltks
(687,799) (1,186,936)
Change in and ¢8sh equivalents in the rewjrting PttKNI
Cash and equivalents at the beginningof the reFxKting perKMI
{718.628)
1277256
{575287)
,852.543
Cash an41 casb ¢q￿1VAlents at the end of Ihe reporting
SW28
1277.256
Notes to the Cuhflow Statement
2023
2022
Analysi5 of ¢ash cash eqvlv*leTrts
Cash at bank and in hand
1377356
Analysb ofnet debt
Asall"
J*nu*ry
C*sh flow
Asat31°
December
21ll3
Cash at bank and in hand
77256
718628
55&628

Notes to tbt Financi•l Statements for th¢
r ended 31* Dffember 2023
AefouThting Pollcleg
A¢to•Mtlng eonveutio
The financial s￿ements have been prwed in acco￿￿ with Accountin8 and Reporting by Charities:
Siatem¢nt of Recommended Pr¥tt¢e applicable io charilies preparbng their accounts in ace(yrdance with the
Financial Reporting Stsndard applicablc in the UK and Republic of Ireland (FRS 102)- (Charities SORP- FRS
102 5¢wnd edition. effedive I" January 20191 and the Financial Reming Stsndard applicable ID the UK and
Republi¢ of Ireland (FRS 102).
The Charity rneets the definition of a wblic P*nefit entity under FRS 102. Assets and IiAbilities are initially
recognised ai historical cost or I￿sactIon value unless otherwise ststrd in the relevant accounting policy
notels).
b)
Fixed Assets
Fixed assets are recorded ex• for fred￿ld iryuty. Amounts incurTd on capital items over £l,l)00
are capitali%d. The Charity has revalued the fTeehold land and lyjildings and th¢ revaluations have b¢¢n
incSud¢d in th¢ accounts. Depreciation is calculated to writ¢ otTthe cosi of all tangible fixed assets, other than
freehold land. which is r￿t depT¢ciaie4 in equal instslments over their estim*ed us¢fLhl lives using the following
rates.
Estimated Useful Life
Buildings
Furniture, Fixtures and EqUI￿ent
ComputeTS and oifice Equiwna)t
Tra(krnarks and Patents
50 years
10 yeaT5
3 ye￿5
5 year5
Ineorne
Fee and ti¢kd sales income is recognised when receivabl¢. fknations are recognised bn the year when they are
received. L¢gacies are recognis¢d at the p)int when entitlernent and amount are confirni¢d.
Grants, where entitlement is nol conditional on the delivery of a 5pectfic performance by the Charity, are
recognised when the Charity becomes Un￿nditIonallY entitled to th¢ grant.
d)
Expenditure its buls of alloc•ti
All expenditure is dealt with on the accruals basis and includes value *Jded t¥x where charged. Charitable
expenditiwe Compris￿ those costs incwred by the Charity in the delivery of its activitie5 and services. It
includes direct costs of athiviues and th￿e costs of an indirect natur¢ necessary to supm ihose activitie
4lloca*d between expenditsre ￿egOrIeS on an basi5 as set out in note 5.
Governance ¢osts are those costs a8goci*ed with meeling the ronstiwtional and statutory requirements of the
ChaTity and include the audi¢ fees and costs linked to th¢ stra*8ic manweni of the Charity.
FwNd *etounting
Th¢ unrestrictwj are fees and oth¢r income receivable or generated for the obje¢tive$ of the Charty
without further specified PUTFW and WE available as geJ)er41 fimds. There were no Te5tricted funds (2022- nil).
Designat¢d fun&s are fund5 Set aside by the trustees out of unreS￿ed genernl fvn&8 f￿ specifK fijtsre PUTwJses
or proi¢as.

No
to the Fl
n l•1 Sl4tements lor the
r ended 31" Dteembtr 2023
Aeeomnting Pollel&8 (eontittued)
T8xatlon
All income and gains are exem￿ from taxatiim and ha￿ b￿￿ or will ￿ applied for the ¢haritsble wrposes.
Irrecoverable VAT is attrib￿ed to the relevant catwry or capital expertditure ￿ apprwiatr.
Going ¢onttr
The accounts have been pryed on th¢ asswnption that the Ctharity is able io carry on its a¢tsvities as 8 going
concern. In assessing the Charity's ability to continue 85 a going concern. the Trusttts have considered the
Charity's liquidity FM)Sition and reviewed cash flow fore¢*sts for the foreseeable fuDJre. In additi￿ io its cash
r¢s¢rYes, it ha5 an investment portfolio to draw UFK)n with no exlernal de￿ or security. For this re850n. the
TTU5tees continue to adopt the 8oin8 concern basis in wepaTing the fuwicial statements.
h)
Leaxd assets *nd obli￿tIonS
All le&%es aT¢ trruting Luses- and the annual Mtsls aTE ￿ed to the ststemem of finan¢io1 a¢iiviiies on a
straight-line b&sis over the lease terni.
Fixed *xx¢t inv¢stwents
Investments have beeA valud at the bid prices as at 31° DecembEr 2023. Investmert proputies are ststed ai
their market value ttt the balance Sheet date in accordance with the SORP. Any Surplus or deficit artsing on
reyaluation is taken directly ro the fund as an unrealised 8ain or loss. No deweciatton is charged on investm¢nt
property.
i)
PeDsion scheme
Costs are a￿O¢lated whth th¢ defined contribution auÉo-a)rohMent pension scheme and charges against the
operating surplus are the contributions payable ￿ the scheme in respect of the accounting ￿riod.
k)
Statement of eAsh flo
The Chariry's cash flow siaÉern¢Dt r¢fl¢cts the Fyesentstion requirements of FRS 102. which ts different to that
prepared under FRS l. lrt ￿dItIon, the cash flow statement reconcil¢s ¢&8h and rash equiva]ents wherea5 under
previous UK GAAP the 5tat¢ment Teconciled to cash.
Debtors
Debtors amd other debtors are reCO￿ls¢d at the Settlement amount after 8tty discount offererl Prepayments
are valued at the arnouni prepaid net of any discounts due.
Creditors •JNI provisions
Cr¢dÉ¢ors and provisions are Tecognised wher¢ th¢ ChaTity has a preseni obligation resulting from a p&51 event
that will probably result in the transfer of funds to 4 third party and the amount due io settle thc obligation can be
m¢asur¢d or ¢5timated reliably. C￿di10r$ and twvisions are normally rttognised at iheir 5eiilement amouni
after allowing for any dixounts due.
Gr*nts
Grdnts are recwised ort a rettipts imsis.

Notes to Ihe Fln*llel*l Statements for the
ear e#ded 31. Decemkr 2023
contittued
FIXED ASSETS INVESTMENTS
2023
2022
Llsted Investments
Markei Value &8 ai l January 2023
Add.. addition to investments at C05t
Increased retained cash
Less.. disposals
Less.. wiihdrnwal
Addl(deduct) net gainsl(loss) realised
Add net Bains on revaluations
1.911,444
47.596
606,117
1.114,004
(641.618) (1,028,9421
(788.895) (1. i (K).ooo>
{12.835) (155,937)
15.938
(194,941)
3.277.260
Market V81ue #t 31* Detember 2023
1.137,747
1,91 IA44
2023
2022
bl
Investment Imeome
Dividend income
Other Intere￿ receivable
69,096
16,783
101.815
3,908
105,723
DONATIONS APPEALS AND FUNDRAISING
EVENTS
2023
Total
2022
Total
DonatioD$
59.425
48,873
Grants
2023
Tot*1
2022
Total
Workforce R¢t¢ntion & Recniitsneni Fund
Omicron Support Grant
28,386
4,645
33,031

ko
20
the FiA*Deiil Ststements for tbt e#r ended 31* Ilttember 2023
eontinued
5 (8) TOTAL EXPEIYDrfuRE 2fj23
HOTAX
rtsidttsll•l
and ollrsln8 Ch•Yitsbk Gov*rn*ott
C•r¢
Aid
Cojt of
CeDer8tin8
Funds
Support
Tgtsl
2021
St*tT*nd rel•t¢d costs
C*¢erlug
14undry, ¢le*ttittE ¥nd tlledic•l
R¢pir$ and m•int¢h*#¢¢
Utllitit$, r¥i¢$ and &tt$¥r44¢*
Othtr runttlng tmts
Geher•l offl¢¢ ¢spÈnses
P¥bli¢ity ind markeling
RDy81 V*rlety Perform•n¢¢
Other ev¢nt Costs
Prlntkn& &M)$tsg¢ sl*tv)ntry
IT gnd ¢qylpm¢Dt
Audlt
Legol and Prof￿10￿1
DepTe¢lation
Bank chgrges
1.636267
134.642
149.167
34273
34,801
83.710
l J19,750
134ffj42
149,167
34373
124J32
94h27
38A25
45079
473A07
3,012
J&991
24A33
24J)IMI
51*42
123.113
3&432
5,222
20.039
89.405
17.414
45,￿9
473.407
3,012
972
18.991
24.433
24.IXKI
14560
37.282
122.275
1833
161565
16U65
9.187
9,187
Dirttt tosts
6A3SII
2WJii
199J66
39J32
I94￿ JJ3&488
Support tost
Governajtte twt
97.254
19.766
{194,508)
19.7f
139.532}
Totsl Costs
73U91
2.406231
199J66
3JW488
S Ibl TOTAL EXPENDITURE 2022
Br10s*￿tth
House
Cost of
reside•tial
Cener8ti•i *Dd bllnlii8 Ch•ritsble CovenJ•Dtt
F¥•ds
r¢
Aid
s￿pp•rt
Tffvtsl
2022
Staff and rel￿t0 ￿Sts
Caterittg
Laundry. tleanin8 OtMI
Repairs and maini¢n8tK¢
Uiiliiies rates and insuran¢e
Oiher runthing co*s
Genera] offiee exp¢nxs
Publicily and markeiinB
Royal Variery Perforn)Ènce
Oiher event co
Priniin& p05tsge and swionery
IT and quipmeni
Audit
Leg818nd woressi￿al
Depreciation
B8￿k chargcs
Grants
Inve5tmcnt management co#5
1.461.156
105.463
119.371
44.928
87.555
105.897
2&661
80.011
1.655,472
105.463
119.371
44.926
18,145
30.5
4.264
21231
1.943
174,219
471375
20,283
23.174
174,219
472,375
20.283
19.
19,
20.7
16.872
101,407
4.131
80.786
18.152
19.
19.7
20.71KI
16.872
101,070
337
18.152
Dlrtet tosts
774616
107847
37Jr£
179.96•
3.12SI)35
Jppon cost
(lovernance cos1
89.980
18.786
89.9BO
1&786
1179.960)
{37Jni
TotAI Costs
883J82 2.1343W)
107J47
512S035

Notes to th¢ FiD•n¢ial Statements for the
e•r ended 31" Deeembtr 2023
STAFF COSTS
2023
2022
Wages and salarie5
S￿la1 SecuTity CosL%
Pensions
Agency aThJ contract staff
1.609,854
162.033
39.720
8.143
1.464,540
148.252
35,390
7,290
1019,750
1,655472
The totsl cost for our four Key Management during the ye8r w&8 £285J59 (2022:
£270,517). Their salaries were in the following bands=
2023
2022
£70.(￿1 p.a. to £80.(KKI p.¥.
£60,(K)I p.a. to £70,0(rf) p.&
Below £60.1)00 p. .
No other #aff re¢¢ived £60k or more in th¢ yw (2022: nil).
2023
2022
No.
The average weekty numbtr of employets analysed by fvnLtkon was..
Briftsw￿th House re5identiJl and nursing care
Fundrdising and publi¢ity
Support staff
45
49
49
The ClkaTity had supp(rt fmm hvo volunteer in th¢ y¢ar (2022.. one
TRUSTEES
No emoluments were paid ¢0 the Trustres durin8 the yeaT (2022.. £nil). Trnvelling expen￿ of £4.325 w¢r¢ paid
to eight TTUSt¢es durin8 the year (2022: six Trustees £1.5LX)).

ROTr
2D
Notes to the Fin*nei*l Stateme
fort
r ended 31* Dettmber 2023
coDtinued
8& TANGIBLE FIXED ASSETS
Furnitur
Fixtures &
EquipmeTrl
Computers
And Offiee
Equipment
B￿[kIl￿¥s
Totsl
Cos¢ or v*luAtio•
As at 1st January 2023
Additions
7.960.125
1.412.818
222.764
133,550
3,194
4,109
&186,083
1,550,477
Ag at 31s1 De¢¢wber 2023
9J7L943
356J14
7J03
9.736560
Dtprecl#¢ityn
As at 1st January 2023
Charge foryear
749.624
96,763
30.868
25,512
2.571
783,063
123,123
Al •t 31st December 20LI
3A19
90&186
Net Book Value
As #t 31st Dectmber 21n3
299,934
3884
80W74
As at 318t December 20n
72lOJOI
191096
623
7,401020
Th¢ trust¢es made the decision to revalue the in 2014. Th¢ ¢fftctive date of the valuation wa5 4th December
2014 and it was recognised in th¢ fiTt8ncial ststements ended 31° December 2014. The voluation wa5 p¢rfoTm¢d by
Shaw and Comp8ny {SurveyoTS) Limited. The valuation was made in accordanc¢ with the Practice S￿eMents of the
RICS, Appraisal and Voluation Manual. It was carried oui by an external valuer who (onforms lo the requirements of
th¢se Pra¢ttre Statements. The valuation was based up)n existing use vAlue of BTinsworth House at the valuation
date. Th¢ historical c051 carying amount would be £1,107,387.
Fully depreciated &sset4 no longer irt use. wer¢ written off in the year.
8b.
INTA]YCIBLE FIXED ASSETS
Trndtmarks
#nd pxt¢nt$
Cost
As at 1st January 2023
Additions
50.453
A5 at 31st Decernber 2023
$0.453
Depreeiation
As at Isi January 2023
Charge for year
50.453
A$ At 31$t D¢¢¢tyber 2023
50,453
Net Book Value
As at 31st Deeember 2023
As at 31st December 2022

Notes to ihe Fith•n¢i*l Stattments for the
ear eTrd¢d 31.
ber 2023
eoTrtinued
DEBTORS
2023
2022
Rr5idents & other ftts
Prepayments
Other de￿1￿5
271,928
47.344
24.185
412.852
59.339
256.050
343057
728,241
io.
CREDITORS: Amollnts falling dw¢ within otte year
21122
Trade Creditors
Other laxes and social 5ccurity costs
Accruals and defert￿ income
Other creditors
371,726
40,360
140,614
11,162
545.302
34,569
131,205
11,240
563,862
722,316
{*) FUND BALANCFS
2023
l Ja#u•ry
2023
I￿¢0m¢ less
Iwve5tmeD¢
31 December
2023
EAptsdlt*re
Transfer
Unre51ricied fynds
G¢n¢ral reserves
Designated fvnds
Fixed ￿tt fijnd
3.194.625
3.058,022
(32262(Kl)
(1.550.477)
1.475.970
7.403.020
{123.123}
1.550.477
8.830.374
Total Wnrestricted funds
10SIyl,645
I(W022
(3J49J23}
IOJ06J44
(b) FUND BALANCES
2022
l Jathu*ry
21)22
31 Ikcember
2022
Imve5tmeDt
Expenditu
TraTr5fers
Unr¢stri¢ied funds
General reserves
DesignN¢¢d fund$
Fixed a55et fund
RefuTbishm¢nt fund
4,096.914
2.891,652
(3.125.035)
(668,906)
3,194.625
5.196,830
1.537284
2.206,190
(1.537,284)
7.403,020
Total ￿￿reStrICted f•nds
IWi.028
U91th52
{&12S035)
I0￿9y.045

8ltm¢nt5 2023
to the FITr*￿¢511 Ststements for the
r etsded 31° December 2023
inued
12. (8)ANALYSIS OF NET A&SETS BETWEEN FufiDS 2023
Unrestrleted D￿ry￿ated
FuDds
Funds
Tot•l
Fund balances as ￿ 31 D¢cembu 2023 are
represented by..
Fixed assets
Intangible &%sets
InvesDnents
CuTrent ass&s
Current liabilities
8.830.374
8.830.374
.137,747
902.085
(563,862)
1.137.747
902,085
(563,862)
Total Det aS8ets
,47S9YO
WJ74 IOJffj344
12. {b}ANALYSIS OF NET ASSETS BETWEEN FUNDS 2022
u•r¢thI￿ Deslgn*t¢41
F￿lld$
Fllttds
Tot*l
Fund balances as ai 31 D¢¢emb¢r 2022 aTe
represented by..
Fixed a55ets
Int4ngible assets
Investments
Current ass¢ts
Current Ikabili¢ies
7.403.020
7.403.020
1.911,444
2.W5.497
(721316)
1.911.444
2.005.497
(722.316)
Totsl net •ss¢ts
11¥625
7A03.1120
I(JW7,645
13. OPERATING LEASLS
2023
2022
Payable: Within l y¢ar
Payable: 2- 5 y¢ars
69.819
178223
42.089
120,525
24&042
162.614
The (wating leases relate lo totsl costs of bujlding5 equiFxneDL
RELATED PARTIES
The Charity has Consideral th¢ d￿￿105ure reqUireM￿ts of th¢ SORP (FRS102) aTJd believes that the following
'related party transaciions.. which wtt¢ made at an 'arn?'s length, b￿ls, Tequirts dis¢losyre.'
During the year the Charity ￿Sed the service5 of Giles Cwper En*rtainment Limite4 a ¢ompany owned by Mr
Giles Cooper. at a total cost of £34,￿ plus vat (2022.. £34.900 plus VAT). The company ￿rIed out 'donated'
markeiing s¢rvi¢es for the Charity's annual fundraising even4 th¢ Royal Variety Perfornian¢¢ and the after-show
party and includes the costs of placing advertisements in national n¢wspapers. the design and production of the
show's brochure and &g$0¢iat¢d markeiing materials throughout the year. The 5erYitts are rerfharyed * ¢ost. The
design Services are put out to tender every five year& The balance outstanding at 315T December 2023 was NIL
(2022.. nil)
During the year Mr Gil¢s Cooper also donated his PTor￿lo￿al time for advi50ry Services relatrd to fimdraising
and governance. The ￿lUC of these donated S¢Tvice5 is calculated at £105,(X)0 (2022 £ILK).000).

Not
FlTr*nci*l St•t¢
for
rffithd31° DeeembeT2
eontittued
RELATED PARTIES (contioued)
Committee member Valerie Saunders stayed at th¢ Charity's ￿e home, Brinsworth House. from the 17 January
to the P June 2023. with a£3,680 ¢ar¢ f¢¢s subsidy by the Chjrity.
Committee member Kay Cannan Stsyed ￿ the Charity's care home. Brinsworth House. from the 19th November io
the 29th Decernber 2023. with ? £3.fAK) care fees Subs￿ by the ChaTity.
There were no oth¢r related party ¢rnD5aCtions requiring disclosure in the year.
I& CAPITAL COMMITmE￿s
The Charity had no¢ rapitsl c(*nmilments at the financial year (2022'.£495,IXIO).

2023
Independent Auditor'i report to the Mewbers of Tre Royal V*rrty Ch•Tity
Opinlo
W¢ have audited the financial statements of the Royal Variety Charity for the year ended 31 D¢c¢mb¢r 2023 which
compris¢ the Stat¢Tnent of Financial Athivitie4 Balance Shttt and Cash Flow Ststement and notes to th¢ financial
SlatemenE including a summary of significant accounting policies. The f]nan¢ial reportin8 framework that ha5 been
applied in their preparation is applicabk law and United Kingdom Accounting Standard4 includin8 Finan¢ial Reporting
S¢ondard 102 The Fintmcial Reporting Stondard dppliciknle in ihe UK and R¢pMblic of Irelond (Unit¢d Kingth)m
Generally A¢¢epted Accounting Practice).
In our opinion, the finart¢ial statements..
give a tsue and fair view of the stste of the charity's affairs as w 31 December 2tr23 and of the dwity'5 net
movement in funds for the year then ¢n(kd.
have been pwly prepared in ¥c(thce with United Kingdom Genaally Accewed A￿o￿nting Practice. and
have been prep¥red in ac￿rdanCe with the Eequirements of the Charities A¢t 2011.
Basi$ for opinion
We have been ap￿t￿ted ￿ audilor under section 144 of th¢ Charilies Act 2011 and ￿&m)n in ￿CordanCe with the and
relevant Tegulattons made or having effect thereunder. We widuthd our a￿11( in aC￿rdance with Internati{￿al
Standards on Auditing (UK) (ISAS (UK)) and applicable law. (hjr responsibiliti￿ und¢r thos¢ 5tsndards are further
described in the Auditw's responsibilities for the audit of the fin4n¢ial ststements s¢¢tion of our rew)rt. We ar¢
]nd￿ndent of the chartty in accordan￿ with the ethical requir¢m¢nts that are relevant to our audit of the financial
statements in the UK. including the FRC'S Ethical Standard, and we have fiklfilled our oth¢r ¢thi¢41 reswTrnsibilities in
a¢¢ordan¢¢ with these requirements. We beli¢v¢ that the audit evÈd¢n¢¢ w¢ have oi*ained is suffi¢i¢nt and appropriate to
provide & basis forour opinion.
CoDcluslons relat1￿% to going concern
In auditing th¢ fiTJancial statement& we have ¢￿5uded that the tn￿e&*. vs¢ of the goin8 concern basis of a¢¢ounting in
the pr¢paration of the financial ststements is apFryrith.
Based on the work we have puforrne4 we have identified any matrrial un¢ulainties Telating to events or ￿nditionS
th￿, individually or coll¢¢tiv¢ly. may cast significant doub¢ on the charity's ability to continue as a going concern for a
peri¢)d of at least twelve months from when the fmancial 5talements are authorised for i55ue.
OUT Tesponsibilities and the rt5P(￿}￿1Ilties of the truste¢5 with resp￿1 to 8Oiti8 wnc¢m are descnlKd in th¢ Trlevan¢
section5 of this report.
Oth¢r InfornAtlon
Th¢ truslees are reswnsbi le for the other infomiatiLK). The oth¢r information comprises th¢ infonnalion i￿lUded in the
TruMe¢s' Annual Report. Our opinion on the financial S￿ernents Ikjes not cover the oth¢r infoTrnalion except to the
extent otherwise explicitly swed irt our rcirf)rt. we do Th)t exm any r￿n of assurance wn¢lusioD thereon.
In conneeiion with our audit of the fm8ncial stst¢ment& our respottsibRIity is to read the other infomi•¢ion an(L in doing
so, consider whether the other infom)ation is materially inc(#)sisient with the financial staiements or our knowI￿ge
obiained in the audil or otherwise appears io b¢ materially mi&8tsted. If we identify such material incon5islen¢i¢s or
apparent material misstatement& we are required to detern?ine whethtt th¢re is a material misstatement in th¢ finanriul
siatements or a mat¢rial misstatement of the other infoTmation. If, based on the work we have perf0mle￿ we Conclude
th￿ there 15 a material misstsiem¢nt of this (Aher itif(xm4ti￿ w¢ are required to r4￿ that fact. We have nothing
r¢port in this Tegar
MxtteTS on wbich we are requlred to report by exeeptknn
We have nothing to rewjrt in r¢5pecl of the following matta5 in relation to which th¢ Charities (Accounts ond Reports}
Regulations 2008 require us io report io you if. in ouropinion:
ad¢quate accounting record5 hav¢ not been kepi by the ch8rity" OT
5UtTicient accounting re￿)rdS have not been kepL or
the chartty financial 5talements are not in agre¢tnent with the accoun¢tng r￿ordS and returns" or
w¢ hav¢ not r¢c¢ived all the inf(trrniation and explanations we require for our audit.

R¢$ponsibilitles of trn$tees for the fip•neial $t*temeNts
As explained more fijlly in th¢ frustees, Te5F￿sibilitIeS statement 5¢t out on page 4. the tru5te¢s ar¢ responsible foT the
prepara¢ion of the financial swcments and for b¢ing satisfied that th¢y give a thje and fair view, and for such internal
ntrol as the tTUS¢e¢s dderniine is ne¢¢5Sary to enable the weporatKM of fmancial s￿¢ments ihai aTe free fr(￿ maieriaE
misststrmenL whether due th ftaud OT etror.
In preparing the financial 5tatementy the tswstses are respmsible for assessin8 the charity's ability to continue as a going
concern. disclosin& as applic*bl< matters relat¢d to going concern and using the going concern b&8is of accounting
un1¢5s the trustee5 either intend to liquid8t¢ the ¢h8rity or to cease opernti0￿* or have realisti¢ alternative but to do so.
Auditor's respomsibilities for the audit of the Iln*nciil skntewe*ts
Our objectives are io obtain rt&8onable assurance ab(￿1 whether the finan¢ial sta*ments as a whole are free frorn
material mi5sMement. wheiher due io fraud or ¢Tror. and io issue an auditor's Teport thal inGludes our opinion.
Rea50￿ble ￿￿rance is 4 high level of assuran￿. but is not a 8uaTani¢¢ thai an audit condurled in accordance with ISAS
(UK) will always d¢t¢¢i a material miss¢ateAnth)t when it exists. Missts*ments can aris¢ from fraud or eTfoT and are
considered material if. individualty or in the aBgre8ate. they could rel￿nablY be expKI￿1 to influence the economic
decisions of users iaken on the basis of these financial 5ts*m¢nty
Irregularitie4 including fraud are instance5 of non-compli•Ke with law5 and wlation& W¢ design procedures in line
with our responsibilities, outlined above. to d¢te¢t material Thisslat¢mvits in respect of irr¢8ulaTitw including fraud. The
exieTlt to which our procdures are capable of ddecting iTregulJTitie4 including fraud is dthiled below:
Based on our Unders￿ding of th¢ rharity and the environment in which it operatcs. we idemtified that th¢ prÈncipal risks
of non-compliance with laws and Tegulations related to the Caye StandaTds Act 2(KIO and the Care Qu4lity Commission
(CQC) (Registration) Regul￿10n$ 2(M19. and we considered the extent to which non•compliance mighi have a material
effect on the financial stat¢ments. We also considered those laws and re8ulations that hav¢ 3 direct impact on the
preparation of the financial 5thtements such the Charities Act 2011.
We evaluated man88ement's incentives and opywtuni¢ios for fixlldulent mthipu14tion of the f]nancial 51atemen
including th¢ risk of override of ¢ontrols. Audit ￿￿edureS wfomioj by the engag¢m￿l Eeam included..
Di%u55ion5 with management including consideTati¢m of known (f suspthj inst8ncL8 of non-complian¢¢ wtth
laws and regulation and fraud.
Evaluating tnanagement's controls designed to wevffit and detect ifTeguiaTities:
Review of minutes of meelin8s held in the year.
Identifying and t¢stin8 journals, in particular i(wrnal entrie5 made as part of the yw end financial Teporting
process; 8nd
Challenging as5Yrnpti￿S and judg¢mthts made by manag¢ment in theircritical xcounting estimates
Because of ¢h¢ inh¢rent limitatii)ns of an audit. there t5 A risk that we will n(* detect all irregulariti¢& including those
leading to a materhal misstatement in the financial sta¢¢m¢nts or non4ornplian¢e with regul￿10n. Thi5 risk increases the
more that ¢otnpliance with a law or regulation 75 removed from the events and transactions refl￿ted in the financial
ststem¢nt4 as we will b¢ icss likely io be¢om¢ aware of snstsnces of non-compliance. The risk 15 also greater regarding
irr¢gulJrities occu￿]ng due io fraud rather ernr. as fraud involves inteniional conceolm¢ni forgery, colluston.
omi55ion or misrepre*￿(￿.
A further d¢sLYiPtion of our T￿ponSIbl1}t1cS forthe audil of the fmancial stst¢m¢nts is located on the Financial Reporting
Council's w¢bsite at: i¥ww.frc.or
iiorsres
01151bili
ies. This desctiNion f(¥yns pan of our audilor'5 f¢1￿.
Use of our report
This report is made s01¢ty to the charity'5 trw4ee4 &8 a b(*ty. in 4¢¢ord￿ with se¢tirn 144 of the Charittes Act 2011
and regulations made under section 154 of that ACL Chw audil has been LmdeTtsken so that we might state to the
charity's trust¢¢s those matters we Are required to stat¢ io th¢m in an Auditoes rep￿ and ftir no other purpose. To the
Ilest exteni Fthnitted by law. we do not accept or assum¢ responsibility to anyone other than the charity's tntsiees as a
body for our audit work, for this rel￿ or for the (yinions we have fornie41
Haysmacintyre LLP
Statyiory Audilors
10 (&een Strett Place
IA)ndon
EC4R IAG