| Page | ||
|---|---|---|
| Charity Information |
||
| Report ofthe Trustees | ||
| Independent Auditors' |
Report | |
| Statement of Financial | Activities | |
| Balance Sheet | 10 | |
| Notes to the Financial | Statements |
| Unrestricted | Unrestricted | funds | ||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Nots | 6 | |||||
| Income | ||||||
| Investment income |
307,306 | 278,142 | ||||
| Total Income | 307,306 | 278,142 | ||||
| Expenditure | ||||||
| Cost of Raising Funds | 38,032 | 23,821 | ||||
| Charitable Activities |
245,950 | 240,300 | ||||
| Gift to Cathy Wills Charitable | Trust | 158,785 | ||||
| Total Expenditure | ||||||
| 442,767 | 264,121 | |||||
| Nst (Expense)llncome | Before | (135,461) | 14,021 | |||
| Investment Gains/(Losses) |
||||||
| Surplus on Revaluation | ofArt | 12,600 | ||||
| Net Gains/(Losses) on |
Investments | (437,027) | 409,363 | |||
| Net Movement in Funds |
(559,868) | 423,384 | ||||
| Fund Balance Brought | Forward at | |||||
| 1 January 2022 | 7,552,933 | 7,129,549 | ||||
| Fund Balance Carried | Forward at | |||||
| 31 December 2022 | 66,993,045 | F | 7,552,933 |
| Unrestricted | funds | Unrestricted | funds | ||||||
|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||||
| Note | E | 6 | |||||||
| FIXEDASSETS | |||||||||
| Other Investments | 9 | 12,600 | |||||||
| Quoted Investments | 10 | 6,756,276 | 6,979,284 | ||||||
| 6,768,876 | 6,679,284 | ||||||||
| CURRENT ASSETS | |||||||||
| Debtors: amounts |
falling | due | within | 11 | 230,740 | ||||
| one year | |||||||||
| Cash at bank and in hand | 242,166 | 359,155 | |||||||
| 242,166 | 589,895 | ||||||||
| CREDITORS: Amounts | Falling | Due | 12 | ||||||
| Within One Year | (17,997) | (16,246) | |||||||
| NET CURRENT ASSETS | 224,169 | 573,649 | |||||||
| 6 | 6,993,045 | 67,552,933 | |||||||
| FUNDS | |||||||||
| Unrestricted Funds |
|||||||||
| Unrestricted Funds |
6 | 6,993,045 | 67,552,933 |
| 2022f | 2021f | |||||
|---|---|---|---|---|---|---|
| Interest on Investments | 57,242 | 40,631 | ||||
| Loan Interest | 38,864 | |||||
| Dividend Income |
250,064 | 198,647 | ||||
| f307,306 | f278,142 | |||||
| OST OF RAISING | FUNDS | |||||
| 2022f | 2021f | |||||
| Investment Management |
Fees | 28,427 | 23,405 | |||
| Bank Charges | 395 | 416 | ||||
| Travel | 480 | |||||
| Secretarial Services | 6,000 | |||||
| Legal Fees | 2,730 | |||||
| f38,032 | F | 23,&21 | ||||
| XPENDITURE ON | CHARITABLE ACTIVITIES | |||||
| 2022 F |
2021f | |||||
| Donations payable | 228,600 | 224,450 | ||||
| Support costs | 11,500 | 10,000 | ||||
| Governance costs | 5,850 | 5,850 | ||||
| f245,950 | f240,300 | |||||
| ONATIONS PAYABLE TO INSTITUTIONS |
||||||
| 2022f | 2021f | |||||
| University ofArts |
London | 12,000 | 12,000 | |||
| Queen Elizabeth | Foundation | 12,000 | ||||
| Contemporary Art 45 other donations |
Society less than f11,000(2021-43 less than |
15,000 189,600 |
20,000 192,450 |
|||
| F11,000) | ||||||
| f228,600 | F224,450 |
| 6 | SUPPORT | COST | S | |||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| 6 | ||||||
| Accounting Consulting |
Fees | 5,750 5,750 |
5,000 5,000 |
|||
| K 11,500 | 610,000 | |||||
| 7 | NET MOVEMENT | IN FUNDS | ||||
| 2022 | 2021 | |||||
| 6 | 6 | |||||
| These are | stated | after charging: | ||||
| Auditors' | Remuneration | 65,850 | 65,850 |
| THERINVESTMENTS | ||
|---|---|---|
| 2022 | 2021 | |
| 8 | 8 | |
| Value at 1 January 2022 | ||
| Surplus on revaluation | 12,600 | |
| Value at 31 December 2022 | 812,600 |
| QUOTED INVESTM | ENTS | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| 8 | 8 | |||
| Market Value | ||||
| Brought forward at | 1 January 2022 | 6,979,284 | 5,092,017 | |
| Additions | 1,176,412 | 846,005 | ||
| Disposals | (401,688) | (336,097) | ||
| Cash movements | (560,705) | 967,996 | ||
| Net gain/(loss) on revaluation |
(437,027) | 409,363 | ||
| Carried forward at 31 December 2022 | E6,756,276 | f6,979,284 | ||
| Quoted investments | can be furdter analysed as follows: | |||
| 2022 | 2021 | |||
| 8 | 8 | |||
| Fixed Interest —UK | 1,012,520 | 1,152,397 | ||
| Equities —UK | 1,546,217 | 1,439,419 | ||
| Equities —Non UK | 942,606 | 827,198 | ||
| Property | 559,475 | 736,500 | ||
| Alternatives | 2,008,054 | 1,715,776 | ||
| Cash —UK | 472,570 | 1,034,629 | ||
| Mixed Investments | 214,834 | 73,365 | ||
| 86,756,276 | E | 6,979,284 |
| 11 | DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| 6 | 6 | |||
| Interest Receivable | 230,740 | |||
| 2 - | 6230,740 | |||
| 12 | CREDITORS | |||
| 2022 | 2021 | |||
| E | 6 | |||
| Accruals | 17,997 | 16,246 | ||
| 2 17,997 | 616,246 |