| Trustees | P E Brades | |||
|---|---|---|---|---|
| S D Craddock | ||||
| P Huxley | ||||
| VJackson | ||||
| D T Rolph | ||||
| A Stahl | ||||
| H BDonszelmann | ||||
| M Westwood | ||||
| SHyman | ||||
| EPeake | ||||
| A Ryan | ||||
| C Huber | ||||
| Secretary | M Watkins | |||
| Charity number | 269697 | |||
| Company | number | 00212824 | ||
| Registered | office | The Royal Academy ofArts | ||
| Piccadilly | ||||
| London | ||||
| W1V ODS | ||||
| Independent | examiner | Bright Grahame | Murray | |
| Emperor's Gate | ||||
| 114aCromwell | Road | |||
| Kensington | ||||
| London | ||||
| SW7 4AG |
| Unrestricted | Unrestricted | ||||
|---|---|---|---|---|---|
| funds | funds | ||||
| 2021 | 2020 | ||||
| Notes | f | ||||
| Income from: | |||||
| Donations and |
legacies | 93,802 | 87,382 | ||
| Investment income |
9,642 | 10,449 | |||
| Total income | 103,444 | 97,831 | |||
| Ex endi re |
n: | ||||
| Charitable activities |
93,155 | 79,356 | |||
| Net gains/(losses) | on investments | 53,740 | (19,263) | ||
| Net movement | in | funds | 64,029 | (788) | |
| Fund balances | at 1 January 2021 | 437,593 | 438,381 | ||
| Fund balances | at | 31 December 2021 | 501,622 | 437,593 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Notes | ||||||
| Fixed assets | ||||||
| Investments | 10 | 402,948 | 349,208 | |||
| Current assets | ||||||
| Debtors | 197 | 425 | ||||
| Cash at bank and in | hand | 198,609 | 144,450 | |||
| 198,806 | 144,875 | |||||
| Creditors: amounts | falling due within | |||||
| one year | 12 | (100,132) | (56,490) | |||
| Net current assets | 98,674 | 88,385 | ||||
| Total assets less current liabilities | 501,622 | 437,593 | ||||
| Income funds | ||||||
| Unrestricted funds |
||||||
| General unrestricted | funds | 501,610 | 437,581 | |||
| Share capital | 12 | 12 | ||||
| 501,622 | 437,593 | |||||
| 501,622 | 437,593 |
| Unrestricted | Unrestricted | |||
|---|---|---|---|---|
| funds | funds | |||
| 2021 | 2020 | |||
| f. | ||||
| Donations | and gifts | 90,287 | 84,314 | |
| Application | fees received | 3,515 | 3,068 | |
| 3 | Investment | income |
| Unrestricted | Unrestricted | |||
|---|---|---|---|---|
| funds | funds | |||
| 2021 | 2020 | |||
| Income from listed investments | 9,627 | 10,357 | ||
| Interest receivable | 15 | 92 | ||
| 9,642 | 10,449 | |||
| 4 | Charitable activities |
|||
| 2021 | 2020 | |||
| R | ||||
| Grant funding ofactivities (see note 5) |
75,323 | 64,298 | ||
| Share ofsupport costs (see note 6) | 15,498 | 12,838 | ||
| Share ofgovernance | costs (see note 6) | 2,334 | 2,220 | |
| 93,155 | 79,356 | |||
| 5 | Grants payable | |||
| 2021 | 2020 | |||
| Grants payable to British School at Rome | 75,323 | 64,298 |
| 6 | Support | cos'ts | ||||
|---|---|---|---|---|---|---|
| Support costs Governance costs | 2021 | 2020 | ||||
| Staff costs | 12,198 | 12,198 | 9,300 | |||
| Depreciation | 269 | |||||
| Rent | 360 | |||||
| Postage, | printing, | |||||
| copying and stationery | 266 | 266 | 87 | |||
| Telephone | 90 | |||||
| ITsupport | 398 | 398 | 409 | |||
| Travelling | expenses | 212 | 212 | 220 | ||
| Sundry expenses | 41 | 41 | 93 | |||
| Bank charges | 152 | 152 | 51 | |||
| Exhibition | costs | 1,481 | 1,481 | |||
| Interview | costs | 750 | 750 | 1,959 | ||
| Legal and | professional | 2,334 | 2,334 | 2,220 | ||
| Analysed | to | |||||
| Charitable | activities | 15,498 | 2,334 | 17,832 | 15,058 |
| The average |
monthly number ofemployees during t |
he year was: | |
|---|---|---|---|
| 2021 | 2020 | ||
| Number | Number | ||
| Administrative | |||
| Employment | costs | 2021 | 2020 |
| Wages and salaries | 12,000 | 9,300 | |
| Social security | costs | 112 | |
| Other pension | costs | 86 | |
| 12,198 | 9,300 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| Listed investments | 402,948 | 349,208 | ||
| Listed investments | comprise: | |||
| Schroder UK Alpha Plus | Fund A Income Fund Units | 59,294 | 54,043 | |
| SUTL Cazenove | Charity | Equity Value Fund A Income Units | 261,803 | 208,803 |
| SUTL Cazenove | Charity | Bond Fund A Income Units | 81,851 | 86,362 |
| 402,948 | 349,208 |
| The investment return |
on fund assets have decreased slightly by f |
730tof9,627(2020:F10,35 | 7). | |
|---|---|---|---|---|
| 11 | Debtors | |||
| 2021 | 2020 | |||
| Amounts falling due |
within one year: | |||
| Other debtors | 250 | |||
| Prepayments and accrued income |
197 | 175 | ||
| 197 | 425 | |||
| 12 | Creditors: amounts | falling due within one year | ||
| 2021 | 2020 | |||
| Other taxation and social security | 74 | 68 | ||
| Other creditors | 43 | |||
| Accruals and deferred | income | 100,015 | 56,422 | |
| 100,132 | 56,490 | |||
| 13 | Share capital | 2021 | 2020 | |
| Ordinary share capital |
||||
| issued and fully paid | ||||
| 12Ordinary shares off1 each |
12 | 12 |