##
||||Page|
|---|---|---|---|
|Report of the Trustees|||1 to 2|
|Independent
Examiner's||Report||
|Statement
of Financial||Activities||
|Balance Sheet||||
|Notes to the Financial|Statements||6 to 12|
##
##
##
|The trustees
have a duty to identify
and review
the risks to which
controls are in place to provide
reasonable
assurance
against
fraud|The trustees
have a duty to identify
and review
the risks to which
controls are in place to provide
reasonable
assurance
against
fraud|The trustees
have a duty to identify
and review
the risks to which
controls are in place to provide
reasonable
assurance
against
fraud|The trustees
have a duty to identify
and review
the risks to which
controls are in place to provide
reasonable
assurance
against
fraud|The trustees
have a duty to identify
and review
the risks to which
controls are in place to provide
reasonable
assurance
against
fraud|The trustees
have a duty to identify
and review
the risks to which
controls are in place to provide
reasonable
assurance
against
fraud|the trust charity
is
and error.|exposed
and to e|
|---|---|---|---|---|---|---|---|
|REFERENCE AND ADMINISTRATIVE DETAILS||||||||
|Registered
Charity||number||||||
|269615||||||||
|Principal
address||||||||
|512 Bankside
Lofts||||||||
|65 Hopton Street||||||||
|London||||||||
|SE1 9GZ||||||||
|Trustees||||||||
|L Achiampong
0 Basciano||||||||
|ECarey-Thomas||||||||
|BCook||||||||
|W Grundy
(resigned||30'" July||2021)||||
|M Gronlund
(appointed|||26'" October 2021)|||||
|J Kerbel||||||||
|G Leung||||||||
|D Musgrave||||||||
|A Penrose||||||||
|R Rattenbury
(resigned|||30'"July 2021)|||||
|Independent
examiner||||||||
|John Howard,
FCA||||||||
|Azets Audit Services||||||||
|2"~ Floor, Regis House||||||||
|45 King William
Street||||||||
|London||||||||
|EC4R 9AN||||||||
|Advisers||||||||
|Investment
Managers||||||||
|Investec
Wealth
8|Investment|||Limited||||
|2 Gresham
Street||||||||
|London||||||||
|EC2V 7QN||||||||
|Bankers||||||||
|The Co-Operative|Bank||Pic|||||
|P.O. Box 101||||||||
|1 Balloon Street||||||||
|Manchester||||||||
|M60 4EP||||||||
|Approved
by order|ofthe board oftrustees||||on 13!1J2022**.**..|.. and signed|on its behalf by:|
##
||||||2022||2021|
|---|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total funds|Total|funds|
||||fund|fund||||
|||Note|F||F||F|
|INCOME FROM||||||||
|Donations
and legacies|||||||100|
|Other trading
activities|||||||1,201|
|Investment
income|||177,456|2,531|179,987||84,912|
|Total|||177,456|2,531|179,987||86,213|
|EXPENDITURE ON||||||||
|Raising
funds|||28,039|619|28,658||26,879|
|Charitable
activities||||||||
|Advancement
of the|Arts|6, 7|116,068||116066||95,694|
|Total|||144,107|619|144,726|122,573||
|Net gains
on investments||||||||
||||23,911|3,057|26,968|673,130||
|NET INCOME|||57,260|4,969|62,229|636,770||
|RECONCILIATION|OF FUNDS|||||||
|Total funds brought|forward||3,482,526|100,964|3,583,490|2,946,720||
|TOTAL FUNDS CARRIED||||||||
|FORWARD|||3,539,786|105,933|3,645,719|3,583,490||
##
||||||2022|2021|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total funds|Total
funds|
||||fund|fund|||
|||Note|F||||
|INVESTMENTS|||||||
|Investments|||3,505,819|65,042|3,570,861|3,381,931|
||||3,505,819|65,042|3,570,861|3,381,931|
|CURRENT ASSETS|||||||
|Debtors||10|9,266||9,266|10,860|
|Cash at bank|||29,359|40,891|70,250|195,476|
||||38,625|40,891|79,516|206,336|
|CREDITORS|||||||
|Amounts
falling|due within one||||||
|year||11|(4,658)||(4,658)|(4,777)|
|NET CURRENT|ASSETS||33,967|40,891|74,858|201,559|
|TOTAL ASSETSLESS|||||||
|CURRENT LIABILITIES|||3,539,786|105,933|3,645,719|3,583,490|
|NET ASSETS|||3,539,786|105933|3,645,719|3,583,490|
|FUNDS||12|||||
|Unrestricted
funds|||||3,539,786|3,482,526|
|Restricted
funds|||||105933|100,964|
|TOTALFUNDS|||||3,645,719|3,583,490|
##
##
##
##
##
##
|||||2022|2021|
|---|---|---|---|---|---|
|||||F|E|
|UK listed|investments:|||||
|—Fixed interest||||9,325|15,456|
|- Equities||||37,322|37,082|
|Overseas|listed|investments:||||
|- Equities||||16,677|27,963|
|Interest
receivable||||3,845|4,411|
|Redemption
and||liquidation|proceeds|112,818||
|||||179,987|86,213|
##
||||2022|2021|
|---|---|---|---|---|
||||F|E|
||Portfolio management||28,658|26,879|
|6.|GRANTS PAYABLE||||
||||2022|2021|
||||F||
||Advancement|of the Arts|99,935|80,924|
|||Number of||
|---|---|---|---|
|||Grants||
|Institutions:||||
|Arebyte|||2,000|
|Action Space London|||2,440|
|FlexDirect|||1,650|
|A M Qattan|||2,000|
|Void Art Centre|||2,000|
|EPSBStudios|Ltd||2,040|
|Red Chalk Films Ltd|||2,500|
|Triangle
Arts Trust|||5,000|
|Institutions||8|19,630|
|Individuals||37|80,305|
|||45|99,935|
##
|SUPPORT COSTS||||
|---|---|---|---|
||||Other|
|Other trading
activities|||16,133|
|||2022f|2021|
|Accountancy
charges||||
|- Current year||1,800|1,700|
|- Under accrual from previous|year|1,390|670|
|Independent
examination||1,900|1,800|
|Directors' fees||8,400|8,400|
|Trustees expenses||||
|Irrecoverable
VAT||40|30|
|Directors office expenses||2,546|1,990|
|Bank charges||57|180|
|Sundry expenses||||
|||16,133|14,770|
##
##
|||||2022|2021|
|---|---|---|---|---|---|
|Directors' fees and expenses||||8,400|8,400|
|There is 1 member of staff employed||by the|trust (2021:1).|||
|No members
of staff received|remuneration||over F60,000 in the year.|||
##
##
|FIXEDASSET INVESTMENTS||
|---|---|
||Listed|
||investments|
|MARKET VALUE||
|At 6 April 2021|3,381,931|
|Additions|706,348|
|Disposals|(544,386)|
|Revaluations|26,968|
|At 5 April 2022|3,570,861|
|NET BOOKVALUE||
|At 5 April 2022|3570861|
|At 5 April 2021|3,381,931|
|There we|re|no|investment
assets outside
the UK.|||
|---|---|---|---|---|---|
|||||2022|2021|
|||||F||
|Historical|cost||at 5 April|2,984,788|2,794,399|
|Investments||at|market value comprise:|||
|UK listed|investments:|||||
|- Fixed interest||||297,313|381,830|
|—Equities||||1,211,339|1,106,349|
|—Property||||99,067|163,289|
|Overseas||listed|investments:|||
|- Fixed interest||||318,889|314,602|
|- Equities||||1,548,091|1,415,861|
|- Property||||96,162||
|||||3,570,861|3,381,931|
##
##
##
|10.|DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR|||
|---|---|---|---|
|||2022|2021|
||Trade debtors|9,266|10,860|
|||~9266|10,860|
|11.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|||
|||2022|2021|
|||F|F|
||Other creditors|~4658|4,777|
##
|MOVEMENT|IN FUN|DS||||
|---|---|---|---|---|---|
|||||Net||
|||||movement
in||
||||At 6/4/21|funds|At 5/4/22|
|Unrestricted|funds|||||
|General
fund|||3,482,526|57,260|3,539,786|
|Restricted
funds||||||
|Joanna
Drew|Bursary|Fund|100,964|4,969|105,933|
|TOTALFUNDS|||3,583,490|62,229|3,645,719|
##
##
|Net movement|in fund|s,
incl|ude|d
in t|he above|are as follows:||||
|---|---|---|---|---|---|---|---|---|---|
|||||||Incoming|Resources|Gains and|Movement
in|
|||||||resources
F|expended
f|losses
F|funds|
|Unrestricted|funds|||||||||
|General
fund||||||177,456|(144,107)|23,911|57,260|
|Restricted
funds||||||||||
|Joanna
Drew|Bursary|Fund||||2,531|(619)|3,057|4,969|
|TOTALFUNDS||||||179,987|~144,726)|26,968|62,229|
|Comparatives|for movement|||in funds||||||
|||||||||Net||
|||||||||movement
in||
||||||||At 6/4/20|funds|At 5/4/21|
|||||||||F||
|Unrestricted|Funds|||||||||
|General
fund|||||||2,855,560|626,966|3,482,526|
|Restricted
Funds||||||||||
|Joanna
Drew|Bursary|Fund|||||91,160|9,804|100,964|
|TOTALFUNDS|||||||2,946,720|636,770|3,583,490|
|Comparative|net movement||in|funds,|included|in the above are as follows:||||
|||||||Incoming|Resources|Gains and|Movement
in|
|||||||resources|expended|losses|funds|
|||||||F||||
|Unrestricted|funds|||||||||
|General
fund||||||84,456|(121,983)|664,493|626,966|
|Restricted
funds||||||||||
|Joanna
Drew|Bursary|Fund||||1,757|(590)|8,637|9,804|
|TOTALFUNDS||||||86213|~122573)|673130|636770|
##
##
##