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|||Page|
|---|---|---|
|Charity<br>Information|||
|Report ofthe Trustees|||
|Independent<br>Auditors'|Report||
|Statement<br>of Financial|Activities||
|Balance Sheet||10|
|Notes to the Financial|Statements||





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||||Unrestricted|Unrestricted|funds|
|---|---|---|---|---|---|
||||2021||2020|
|||Note||||
|Income||||||
|Investment<br>income|||278,142||311,180|
|Total Income|||278,142||311,180|
|Expenditure||||||
|Cost of Raising Funds|||23,821||25,171|
|Charitable<br>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<br>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|





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|||||||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:<br>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<br>Funds||||||||||
|Unrestricted<br>Funds||||||E|7,552,933||E7,129,549|






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||||||2021||2020|
|---|---|---|---|---|---|---|---|
|Interest on Investments|||||40,631||50,192|
|Loan Interest|||||38,864||83,009|
|Dividend<br>Income||||198,647||177,979||
|||||6278,142||6311,180||
|OST OF RAISING||FUNDS||||||
||||||2021||2020|
|Investment<br>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<br>payable||||224,450||231,700||
|Support costs|||||10,000||10,000|
|Governance costs|||||5,850||5,850|
|||||6240,300||F247,550||
|ONATIONS<br>PAYABLE|||TO INSTITUTIONS|||||
||||||2021||2020|
|University<br>ofArts London|||||12,000|||
|Treloars Trust|||||||20,000|
|Friends ofVad|Sarah||||||20,000|
|Contemporary<br>Art <br>43other donations||Society<br>less than 611,000(2020-43 less than||20,000<br>192,450||191,700||
|f11,000)||||||||
|||||P 224,450||P231,700||



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|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'<br>Remuneration|||F 5,850|F 5,850|





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|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)<br>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|





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|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|



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