| Trustees | P EBrades | ||||
|---|---|---|---|---|---|
| S D Craddock | |||||
| P Huxley | |||||
| VJackson | |||||
| DT Rolph | |||||
| A Stahl | |||||
| H BDonszelmann | |||||
| M Westwood | |||||
| S Hyman | |||||
| 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 |
Unrestricted Unrestricted |
||||
|---|---|---|---|---|---|
| funds | funds | ||||
| 2022 | 2021 | ||||
| Notes | E | ||||
| Income from: | |||||
| Donations and |
legacies | 106,161 | 93,802 | ||
| Investment income |
13,080 | 9,642 | |||
| Total income | 119,241 | 103,444 | |||
| Ex enditure on: | |||||
| Charitable activities |
86,539 | 93,155 | |||
| Net gains/(losses) | on investments | (36,819) | 53,740 | ||
| Net movement | in | funds | (4,117) | 64,029 | |
| Fund balances | at 1 January 2022 | 501,622 | 437,593 | ||
| Fund balances | at | 31 December 2022 | 497,505 | 501,622 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | F. | |||||||
| Fixed assets | ||||||||
| Investments | 10 | 366,129 | 402,948 | |||||
| Current assets | ||||||||
| Debtors | 279 | 197 | ||||||
| Cash at bank | and | in | hand | 211,205 | 198,609 | |||
| 211,484 | 198,806 | |||||||
| Creditors: amounts | falling due within | |||||||
| one year | 12 | (80,108) | (100,132) | |||||
| Net current assets | 131,376 | 98,674 | ||||||
| Total assets | less | current liabilities | 497,505 | 501,622 | ||||
| Income funds | ||||||||
| Unrestricted | funds | |||||||
| General unrestricted | funds | 497,493 | 501,610 | |||||
| Share capital | 12 | 12 | ||||||
| 497,505 | 501,622 | |||||||
| 497,505 | 501,622 |
| 2 | Donations | and legacies | and legacies | ||
|---|---|---|---|---|---|
| Unrestricted | Unrestricted | ||||
| funds | funds | ||||
| 2022 | 2021 | ||||
| f | f | ||||
| Donations | and gifts | 102,336 | 90,287 | ||
| Application | fees received | 3,825 | 3,515 | ||
| 3 | Investment | income | |||
| Unrestricted | Unrestricted | ||||
| funds | funds | ||||
| 2022 | 2021 | ||||
| Income from listed investments | 12,315 | 9,627 | |||
| Interest receivable | 765 | 15 | |||
| 13,080 | 9,642 | ||||
| 4 | Charitable | activities | |||
| 2022f | 2021f | ||||
| Grant funding ofactivities (see note 5) |
69,711 | 75,323 | |||
| Share ofsupport costs (see note 6) | 14,428 | 15,498 | |||
| Share ofgovernance | costs (see note 6) | 2,400 | 2,334 | ||
| 86,539 | 93,155 | ||||
| 5 | Grants payable | ||||
| 2022f | 2021f | ||||
| Grants payable to British School at Rome | 69,711 | 75,323 |
| 6 | Support costs | ||||
|---|---|---|---|---|---|
| Support costs F. |
Governance costs E |
2022 F. |
2021f | ||
| Staff costs | 11,998 | 11,998 | 12,198 | ||
| Postage, printing, |
|||||
| copying and stationery | 246 | 246 | 266 | ||
| ITsupport | 442 | 442 | 398 | ||
| Travelling expenses |
467 | 467 | 212 | ||
| Sundry expenses | 37 | 37 | 41 | ||
| Bank charges | 162 | 162 | 152 | ||
| Exhibition costs | 1,481 | ||||
| Interview costs | 1,076 | 1,076 | 750 | ||
| Legal and professional | 2,400 | 2,400 | 2,334 | ||
| Analysed to |
|||||
| Charitable activities |
14,428 | 2,400 | 16,828 | 17,832 |
| The average | monthly | monthly | number ofemployees | during the year was: | ||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Number | Number | |||||
| Administrative | ||||||
| Employment | costs | 2022 | 2021 | |||
| F. | F. | |||||
| Wages and salaries | 12,000 | 12,000 | ||||
| Social security | costs | (171) | 112 | |||
| Other pension | costs | 169 | 86 | |||
| 11,998 | 12,198 |
| 9 | Net gains/(losses) | on i | nvestments | |||
|---|---|---|---|---|---|---|
| Unrestricted | Unrestricted | |||||
| funds | funds | |||||
| 2022 | 2021 | |||||
| f. | R | |||||
| Revaluation ofinvestments |
(36,819) | 53,740 | ||||
| 10 | Fixed asset investments | |||||
| 2022f | 2021 E |
|||||
| Listed investments | 366,129 | 402,948 | ||||
| Listed investments | comprise: | |||||
| Schroder UKAlpha Plus | Fund A Income Fund Units | 51,753 | 59,294 | |||
| SUTL Cazenove | Charity | Equity Value Fund A Income Units | 251,250 | 261,803 | ||
| SUTL Cazenove | Charity | Bond Fund A Income Units | 63,126 | 81,851 | ||
| 366,129 | 402,948 |
| Debtors | |||
|---|---|---|---|
| 2022 | 2021 | ||
| Amounts falling due within one year: |
F. | ||
| Other debtors | 97 | ||
| Prepayments | and accrued income | 182 | 197 |
| 279 | 197 |
| 12 | Creditors: amounts | falling due within one year | ||
|---|---|---|---|---|
| 2022 | 2021f | |||
| Other taxation and social security | 74 | |||
| Other creditors | 42 | 43 | ||
| Accruals and deferred | income | 80,066 | 100,015 | |
| 80,108 | 100,132 | |||
| 13 | Share capital | 2022 | 2021 | |
| R | E | |||
| Ordinary share capital |
||||
| Issued and fully paid | ||||
| 12Ordinary shares off1 each | 12 | 12 |