| Page | ||
|---|---|---|
| Charity Information |
||
| Report ofthe Trustees | ||
| Independent Auditors' |
Report | |
| Statement of Financial |
Activities | |
| Balance Sheet | 10 | |
| Notes to the Financial | Statements |
| Unrestricted | Unrestricted | funds | |||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Note | |||||
| Income | |||||
| Investment income |
278,142 | 311,180 | |||
| Total Income | 278,142 | 311,180 | |||
| Expenditure | |||||
| Cost of Raising Funds | 23,821 | 25,171 | |||
| Charitable Activities |
240,300 | 247,550 | |||
| Total Expenditure | |||||
| 264,121 | 272,721 | ||||
| Net Income Before | Investment | 14,021 | 38,459 | ||
| Gains/(Losses) | |||||
| Net Gains/(Losses) | on Investments | 409,363 | (459,104) | ||
| Net Illlovement in Funds |
423,384 | (420,645) | |||
| Fund Balance Brought Forward at | |||||
| 1 January 2021 | 7,129,549 | 7,550,194 | |||
| Fund Balance Carried Forward at | |||||
| 31 December 2021 | F 7,552,933 | F | 7,129,549 |
| Unrestricted | funds | Unrestricted | funds | ||||||
|---|---|---|---|---|---|---|---|---|---|
| 2021 | 202D | ||||||||
| Note | |||||||||
| FIXEDASSETS | |||||||||
| Other Investments | 9 | ||||||||
| Quoted Investments | 10 | 6,979,284 | 5,092,017 | ||||||
| 6,979,284 | 5,092,017 | ||||||||
| CURRENT ASSETS | |||||||||
| Debtors: amounts |
falling | due | within | 11 | 230,740 | 1,753,147 | |||
| one year | |||||||||
| Cash at bank and | in hand | 359,155 | 302,382 | ||||||
| 589,895 | 2,055,529 | ||||||||
| CREDITORS: Amounts | Falling | Due | 12 | ||||||
| Within One Year | (16,246) | (17,997) | |||||||
| NET CURRENT ASSETS | 573,649 | 2,037,532 | |||||||
| E | 7,552,933 | E7,129,549 | |||||||
| FUNDS | |||||||||
| Unrestricted Funds |
|||||||||
| Unrestricted Funds |
E | 7,552,933 | E7,129,549 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Interest on Investments | 40,631 | 50,192 | |||||
| Loan Interest | 38,864 | 83,009 | |||||
| Dividend Income |
198,647 | 177,979 | |||||
| 6278,142 | 6311,180 | ||||||
| OST OF RAISING | FUNDS | ||||||
| 2021 | 2020 | ||||||
| Investment Management |
Fees | 23,405 | 21,663 | ||||
| Bank Charges | 416 | 388 | |||||
| Rent | 60 | ||||||
| Rates | 3,060 | ||||||
| f | 23,821 | f | 25,171 | ||||
| XPENDITURE | ON CHARITABLE ACTIVITIES | ||||||
| 2021 | 2020 | ||||||
| Donations payable |
224,450 | 231,700 | |||||
| Support costs | 10,000 | 10,000 | |||||
| Governance costs | 5,850 | 5,850 | |||||
| 6240,300 | F247,550 | ||||||
| ONATIONS PAYABLE |
TO INSTITUTIONS | ||||||
| 2021 | 2020 | ||||||
| University ofArts London |
12,000 | ||||||
| Treloars Trust | 20,000 | ||||||
| Friends ofVad | Sarah | 20,000 | |||||
| Contemporary Art 43other donations |
Society less than 611,000(2020-43 less than |
20,000 192,450 |
191,700 | ||||
| f11,000) | |||||||
| P 224,450 | P231,700 |
| 6 | SUPPORT | COST | S | ||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Accounting | 5,000 | 5,000 | |||
| Consulting | Fees | 5,000 | 5,000 | ||
| F 10,000 | F 10,000 | ||||
| 7 | NET MOVEMENT | IN FUNDS | |||
| 2021 | 2020 | ||||
| These are | stated | after charging: | |||
| Auditors' Remuneration |
F 5,850 | F 5,850 |
| UOTED INVESTM | ENTS | |||
|---|---|---|---|---|
| 2020f | ||||
| Market Value | ||||
| Brought forward at | 1 January 2021 | 5,092,017 | 5,573,103 | |
| Additions | 846,005 | 249,496 | ||
| Disposals | (336,097) | (238,749) | ||
| Cash movements | 967,996 | (32,729) | ||
| Net gain/(loss) on revaluation |
409,363 | (459,104) | ||
| Carried forward at 31 December 2021 | F6,979,284 | F 5,092,017 | ||
| uoted investments | can be further analysed as follows: | |||
| 2021f | 2020 | |||
| Fixed Interest —UK | 1,152,397 | 1,366,122 | ||
| Equities —UK | 1,439,419 | 1,033,513 | ||
| Equities —Non UK | 827,198 | 609,112 | ||
| Property | 736,500 | 658,750 | ||
| Alternatives | 1,715,776 | 1,284,887 | ||
| Cash —UK | 1,034,629 | 66,633 | ||
| Mixed Investments | 73,365 | 73,000 | ||
| E6,979,284 | E | 5,092,017 |
| 11 | DEBTORS:ANIOUNTS | FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Interest Receivable | 230,740 | 253,147 | ||
| Loan | 1,500,000 | |||
| f230,740 | f 1,753,147 | |||
| 12 | CREDITORS | |||
| 2021 | 2020 | |||
| Accounts Payable | 3,060 | |||
| Accruals | 16,246 | 14,937 | ||
| f 16,246 | E 17,997 |