| Page | |||
|---|---|---|---|
| Trustees and professional | advisers | ||
| Trustees' report |
2-4 | ||
| Independent examiner's |
reporl | ||
| Statement offinancial |
activities | ||
| Balance sheet | |||
| Notes to the financial | statements | 8- 13 |
| Charity number | Charity number | 248663 | |||
|---|---|---|---|---|---|
| Trustees | W D Rothenberg | ||||
| J D Rothenberg | |||||
| R M Rothenberg | MBE | ||||
| J KKnox | |||||
| SD Percival | |||||
| Principal address | 16Great Queen Street | ||||
| Covent Garden | |||||
| London | |||||
| WC2B 5AH | |||||
| Accountants | Slick Rothenberg | Limited | |||
| Chartered Accountants |
|||||
| 16Great Queen Street | |||||
| Covent Garden | |||||
| London | |||||
| WC2B 5AH | |||||
| Independent | examiner | Nick Banks FCCAACA | |||
| Scrutton Bland LLP |
|||||
| Chartered Accountants |
|||||
| Fitzroy House | |||||
| Crown Street | |||||
| Ipswich | |||||
| Suffolk | |||||
| IP1 3LG | |||||
| Solicitors | BDBPitmans LLP |
||||
| One Bartholomew | Close | ||||
| London | |||||
| EC1A7BL | |||||
| Investment | advisors | Rathbones Investment |
Management | Limited | |
| 8 Finsbury Circus |
|||||
| London | |||||
| EC2M TAZ |
| Unrestricted | fund | |||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Notes | 8 | 8 | ||||
| income from: | ||||||
| Investment income |
39,382.28 | 34,629.28 | ||||
| Total | 39,382.28 | 34,629.28 | ||||
| Expenditure | ||||||
| Investment management |
fees | (13,799.22) | (12,745.05) | |||
| Charitable activities |
(139,365.40) | (42,486.00) | ||||
| Total | (153,164.62) | (55,231.05) | ||||
| Net expenditure | (113,782.34) | (20,601.77) | ||||
| (Losses)/gains | on revaluation | ofinvestments | (41,582.B2) | 252,165.23 | ||
| Net movement | in funds | (155,365.16) | 231,563.46 | |||
| Reconciliation | offunds | |||||
| Fund balances | brought | forward | 2,000,670.26 | 1,769,106.80 | ||
| Fund balances | carried | forward | 1,845,305.10 | 2,000,670.26 |
| UK | Overseas | Total | Total | |||
|---|---|---|---|---|---|---|
| 2022 | 2022 | 2022 | 2021 | |||
| 6 | 8 | f | ||||
| Income | from stocks and securities | 31,115.91 | 8,262.07 | 39,377.98 | 34,629.28 | |
| Interest | receivable | 4.30 | 4.30 | |||
| 31,120.21 | 8,262.07 | 39,382.28 | 34,629.26 | |||
| Income | from stocks and securities | —2021 | 33,026.91 | 1,602.37 | 34,629.26 |
| Total | Total | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Grants | (3.1) | 132,000.00 | 36,414.00 | ||
| Governance | costs | (3-2) | 7,365.40 | 6,072 00 | |
| 139,365.40 | 42,486.00 | ||||
| 3.1 Grants | payable | Total | Total | ||
| 2022 | 2021 | ||||
| 6 | 6 | ||||
| Grants during the year comprise: | |||||
| DEC Ukraine Appeal | 10,000.00 | ||||
| Garsington | Opera Limited | 105,500.00 | 9,500.00 | ||
| Glyndebourne Productions |
Limited (2021:3payments) | 11,500.00 | 12,920.00 | ||
| Hampstead | Theatre | Limited | 5,000.00 | 6,994.00 | |
| London Symphony | Orchestra | 3,000.00 | |||
| Proms at StJudes | 4,000.00 | ||||
| 132,000.00 | 36,414.00 |
| Governance | Charitable | Total | Total | |||
|---|---|---|---|---|---|---|
| costs | activities | |||||
| Cost type | ||||||
| 2022 | 2022 | 2022 | 2021 | |||
| 6 | 6 | |||||
| Accountancy | fees | 6,000.00 | 6,000.00 | 4,800.00 | ||
| Underprovision | ofaccountancy fees in | |||||
| prior year | 660,00 | 660.00 | 900.00 | |||
| Bank charges | 27.40 | 27.40 | ||||
| Independent | Examination | fees | 660.00 | 660.00 | 372.00 | |
| Overprovision | ofindependent | |||||
| Examination | fees | 18.00 | 18.00 | |||
| 7,365.40 | 7,365AO | 6,072 00 |
| Fixed asse | t investments | ||||
|---|---|---|---|---|---|
| Listed | |||||
| investments | Cash | Total | Total | ||
| 2022 | 2022 | 2022 | 2021 | ||
| 6 | |||||
| Market Value at8June 2021 | 1,860,878.00 | 75,478.50 | 1,936,356.50 | 1,696,936.32 | |
| Additions | 354,742.60 | 354,742.60 | 581,28946 | ||
| Disposals | (412,658.20) | (412,658.20) | (618,797.69) | ||
| Cash movements | (54,556.44) | (54,556.44) | 24,763.18 | ||
| (Loss)/gain | on investments | (41,582 82) | (41,582.82) | 252,16523 | |
| Market Value at 7June 2022 | 1,761,379.58 | 20,922.06 | 1,782,301.64 | 1,936,356.50 | |
| Historical | cost ofinvestments | at 7June 2022 | 1,590,224.00 | 1,533,859.00 |
| UK | Overseas | Total | Total | |||||
|---|---|---|---|---|---|---|---|---|
| 2022 | 2022 | 2022 | 2021 | |||||
| Investments held are analysed as follows: |
||||||||
| Equities | 568,068.00 | 161,543.00 | 729,611.00 | 681,314.00 | ||||
| Fixed interest | 145,515.58 | 145,515.58 | 154,491.00 | |||||
| Unit trusts | 176,377.00 | 82,865.00 | 259,242.00 | 309,351.00 | ||||
| Investment trusts |
200,160,00 | 200,160.00 | 324,997.00 | |||||
| Property funds | 109,958.00 | 109,958.00 | 76,864.00 | |||||
| Infrastructure funds |
114,887.00 | 114,887.00 | 107,665.00 | |||||
| Private equity | 36,667,00 | 36,667.00 | 45,886.00 | |||||
| Alternative investments |
1 | 19,409.00 | 119,409.00 | 112,484.00 | ||||
| Exchange traded funds | 45,930.00 | 45,930.00 | 47,826.00 | |||||
| Cash deposit | 20,922.06 | 20,922.06 | 75,478.50 | |||||
| 1,491,963.64 | 290,338.00 | 1,782,301.64 | 1,936,356.50 | |||||
| 7 | Debtors: amounts | falling due within one year | ||||||
| 2022 | 2021 | |||||||
| 6 | 6 | |||||||
| Accrued income receivable | 13.42 | 17.46 | ||||||
| 8 | Creditors: amounts | falling due within one year | ||||||
| 2022 | 2021 | |||||||
| 6 | 6 | |||||||
| Blick Rothenberg | Limited | 6,000,00 | 4,800.00 | |||||
| Scrutton Bland LLP | 660.00 | 372.00 | ||||||
| 6,660.00 | 5,172.00 |
| 9 | Movement | in funds | Opening | incoming | Resources | Net gains I | Closing |
|---|---|---|---|---|---|---|---|
| funds | I'ssouI'css | expended | (losses) on | funds | |||
| investments | |||||||
| 2022 | 2022 | 2022 | 2022 | 2022 | |||
| 6 | 6 | 6 | 6 | ||||
| Unrestricted | funds | 2,000,670.26 | 39,382.28 | (153,164.62) | (41,582.82) | 1,845,305.10 | |
| 2021 | 2021 | 2021 | 2021 | 2021 | |||
| Unrestricted | funds - 2021 | 1,769,106.80 | 34,629.26 | (55,231.05) | 252,165.23 | 2,000,670.26 |
| Total | Total | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Fund balances at 7June 2022 are represented | by: | |||
| Investments | 1,782,301.64 | 1,936,356.50 | ||
| Current | assets | 69,663.46 | 69,485.76 | |
| Current | liabilities | (6,660,00) | (5,172.00) | |
| 1,845,305.10 | 2,000,670.26 |