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





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|||||Unrestricted|Unrestricted|funds|
|---|---|---|---|---|---|---|
|||||2022||2021|
||||Nots|6|||
|Income|||||||
|Investment<br>income||||307,306||278,142|
|Total Income||||307,306||278,142|
|Expenditure|||||||
|Cost of Raising Funds||||38,032||23,821|
|Charitable<br>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<br>Gains/(Losses)|||||||
|Surplus on Revaluation|ofArt|||12,600|||
|Net Gains/(Losses)<br>on|Investments|||(437,027)||409,363|
|Net Movement<br>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|





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|||||||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:<br>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<br>Funds||||||||||
|Unrestricted<br>Funds||||||6|6,993,045||67,552,933|





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|||||2022f||2021f|
|---|---|---|---|---|---|---|
|Interest on Investments||||57,242||40,631|
|Loan Interest||||||38,864|
|Dividend<br>Income||||250,064|198,647||
|||||f307,306|f278,142||
|OST OF RAISING||FUNDS|||||
|||||2022f||2021f|
|Investment<br>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<br>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<br>PAYABLE TO INSTITUTIONS|||||||
|||||2022f||2021f|
|University<br>ofArts|London|||12,000||12,000|
|Queen Elizabeth|Foundation|||12,000|||
|Contemporary<br>Art <br>45 other donations|Society<br>less than f11,000(2021-43 less than|||15,000<br>189,600|20,000<br>192,450||
|F11,000)|||||||
|||||f228,600|F224,450||



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|6|SUPPORT||COST|S|||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||6||
||Accounting<br>Consulting||Fees||5,750<br>5,750|5,000<br>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|





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|THERINVESTMENTS|||
|---|---|---|
||2022|2021|
||8|8|
|Value at 1 January 2022|||
|Surplus on revaluation|12,600||
|Value at 31 December 2022|812,600||



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|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)<br>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|





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|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|



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