This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.
2021-06-07-accounts
|
Page |
| Trustees and professional advisers |
1 |
| Trustees'report |
2-4 |
| Independent examiner's report |
5 |
| Statement offinancial activities |
6 |
| Balance sheet |
7 |
| Notes to the financial statements |
8-12 |
| Charity number |
248663 |
| Trustees |
W D Rothenberg |
|
J D Rothenberg |
|
R M Rothenberg MBE |
|
J K Knox |
|
S D Percival |
| Principal address |
16 Great Queen Street |
|
Covent Garden |
|
London |
|
WC2B 5AH |
| Accountants |
Blick Rothenberg Limited |
|
Chartered Accountants |
|
16 Great Queen Street |
|
Covent Garden |
|
London |
|
WC2B 5AH |
| Independent examiner |
Nick Banks FCCAACA |
|
Scrutton Bland LLP |
|
CharteredAccountants |
|
Fitzroy House |
|
Crown Street |
|
Ipswich |
|
Suffolk |
|
IP1 3LG |
| Solicitors |
Portrait Solicitors |
|
21 Whitefriars Street |
|
London |
|
EC4Y 8JJ |
| Investment advisors |
Rathbone Investment Management Limited |
|
8 Finsbury Circus |
|
London |
|
EC2M 7AZ |
|
|
**Unrestricted ** |
fund |
|
|
2021 |
2020 |
|
Notes |
£ |
£ |
| Income from: |
|
|
|
| Investment income |
2 |
34,629.28 |
44,834.55 |
| Total |
|
34,629.28 |
44,834.55 |
| Expenditure |
|
|
|
| Investment management fees |
|
(12,745.05) |
(12,350.60) |
| Charitable activities |
3 |
(42,486.00) |
(47,694.00) |
| Total |
|
(55,231.05) |
(60,044.60) |
| Net expenditure |
|
(20,601.77) |
(15,210.05) |
| Gains/(losses) on revaluation of investments |
|
252,165.23 |
(26,676.47) |
| Net movement in funds |
|
231,563.46 |
(41,886.52) |
| Reconciliation of funds |
|
|
|
| Fund balances brought forward |
|
1,769,106.80 |
1,810,993.32 |
| Fund balances carried forward |
|
2,000,670.26 |
1,769,106.80 |
|
|
UK |
Overseas |
Total |
Total |
|
|
2021 |
2021 |
2021 |
2020 |
|
|
£ |
£ |
£ |
£ |
| Income |
from stocks and securities |
33,026.91 |
1,602.37 |
34,629.28 |
44,750.63 |
| Interest |
receivable |
- |
- |
- |
83.92 |
|
|
33,026.91 |
1,602.37 |
34,629.28 |
44,834.55 |
| Income |
from stocks and securities - 2020 |
42,248.48 |
2,586.07 |
44,834.55 |
|
|
|
Total |
Total |
|
|
2021 |
2020 |
|
|
£ |
£ |
| Grants |
(3.1) |
36,414.00 |
39,615.00 |
| Governance costs |
(3.2) |
6,072.00 |
8,079.00 |
|
|
42,486.00 |
47,694.00 |
| 3.1 Grants payable |
|
Total |
Total |
|
|
2021 |
2020 |
|
|
£ |
£ |
| Grants during the year comprise: |
|
|
|
| Garsington Opera Limited (2020: 2 payments) |
|
9,500.00 |
12,500.00 |
| Glyndebourne Productions Limited (3 payments (2020: 2 payments)) |
|
12,920.00 |
14,500.00 |
| Hampstead Theatre Limited |
|
6,994.00 |
6,615.00 |
| London Symphony Orchestra |
|
3,000.00 |
- |
| Proms at St Judes (2020: 2 payments) |
|
4,000.00 |
6,000.00 |
|
|
36,414.00 |
39,615.00 |
|
Governance |
Charitable |
Total |
Total |
|
costs |
activities |
|
|
| Cost type |
|
|
|
|
|
2021 |
2021 |
2021 |
2020 |
|
£ |
£ |
£ |
£ |
| Accountancy fees |
4,800.00 |
- |
4,800.00 |
4,800.00 |
| Underprovision of accountancy fees in |
|
|
|
|
| prior year |
900.00 |
- |
900.00 |
3,000.00 |
| Independent Examination fees |
372.00 |
- |
372.00 |
372.00 |
| Overprovision of Independent |
|
|
|
|
| Examination fees |
|
|
|
(93.00; |
|
6,072.00 |
- |
6,072.00 |
8,079.00 |
| Fixed asset investments |
|
|
|
|
|
Listed |
|
|
|
|
investments |
Cash |
Total |
Total |
|
2021 |
2021 |
2021 |
2020 |
|
£ |
£ |
£ |
£ |
| Market Valueat 8 June 2020 |
1,646,221.00 |
50,715.32 |
1,696,936.32 |
1,736,002.64 |
| Additions |
581,289.46 |
- |
581,289.46 |
344,182.48 |
| Disposals |
(618,797.69) |
- |
(618,797.69) |
(380,029.81) |
| Cash movements |
• |
24.763.18 |
24,763.18 |
23,457.48 |
| (Loss)/gain on investments |
252,165.23 |
- |
252,165.23 |
(26,676.47) |
| Market Value at 7 June 2021 |
1,860,878.00 |
75,478.50 |
1,936,356.50 |
1,696,936.32 |
| Historical cost of investments at 7 June 2021 |
|
|
1,533,859.00 |
1,517,646.00 |
|
UK |
Overseas |
Total |
Total |
|
2021 |
2021 |
2021 |
2020 |
| Investments held are analysed as follows: |
£ |
£ |
£ |
£ |
| Equities |
577,795.00 |
103,519.00 |
681,314.00 |
503,976.00 |
| Fixed interest |
154,491.00 |
- |
154,491.00 |
194,324.00 |
| Unit trusts |
195,666.00 |
113,685.00 |
309,351.00 |
562,429.00 |
| Investment trusts |
324,997.00 |
- |
324,997.00 |
95,916.00 |
| Property funds |
76,864.00 |
- |
76,864.00 |
104,883.00 |
| Infrastructure funds |
107,665.00 |
- |
107,665.00 |
71,676.00 |
| Private equity |
45,886.00 |
- |
45,886.00 |
13,890.00 |
| Alternative investments |
112,484.00 |
- |
112,484.00 |
59,917.00 |
| Exchange traded funds |
- |
47,826.00 |
47,826.00 |
39,210.00 |
| Cash deposit |
75,478.50 |
- |
75,478.50 |
50,715.32 |
|
1,671,326.50 |
265,030.00 |
1,936,356.50 |
1,696,936.32 |
|
|
|
|
|
|
2021 |
2020 |
|
|
|
|
|
|
£ |
£ |
|
|
Accrued income receivable |
|
|
|
17.46 |
15.71 |
| 8 |
|
Creditors: amounts falling due within one year |
|
|
|
|
|
|
|
|
|
|
|
2021 |
2020 |
|
|
|
|
|
|
£ |
£ |
|
|
Blick Rothenberg Limited |
|
|
|
4,800.00 |
4,800.00 |
|
|
Scrutton Bland LLP |
|
|
|
372.00 |
372.00 |
|
|
|
|
|
|
5,172.00 |
5,172.00 |
|
9 |
Movement in funds |
Opening |
Incoming |
**Resources ** |
Net gains/ |
Closing |
|
|
|
funds |
resources |
**expended ** |
(losses) on |
funds |
|
|
|
|
|
investments |
|
|
|
|
|
2021 |
2021 |
2021 |
2021 |
2021 |
|
|
|
£ |
£ |
£ |
£ |
£ |
|
|
Unrestricted funds |
1,769,106.80 |
34,629.28 |
(55,231.05) |
**252,165.23 ** |
2,000,670.26 |
|
|
|
2020 |
2020 |
2020 |
2020 |
2020 |
|
|
|
£ |
£ |
£ |
£ |
£ |
|
|
Unrestricted funds - 2019 |
1,810,993.32 |
44,834.55 |
(60,044.60) |
(26,676.47) |
1,769,106.80 |
| Analysis of net assets between funds |
|
|
|
Total |
Total |
|
2021 |
2020 |
|
£ |
£ |
| Fund balances at 7 June 2021 are represented by: |
|
|
| Investments |
1,936,356.50 |
1,696,936.32 |
| Current assets |
69,485.76 |
77,342.48 |
| Current liabilities |
(5,172.00) |
(5,172.00) |
|
2,000,670.26 |
1,769,106.80 |