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|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|||





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|||||Unrestricted<br>Unrestricted|Unrestricted<br>Unrestricted|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2022|2021|
||||Notes|E||
|Income from:||||||
|Donations<br>and|legacies|||106,161|93,802|
|Investment<br>income||||13,080|9,642|
|Total income||||119,241|103,444|
|Ex enditure on:||||||
|Charitable<br>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|





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||||||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|






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|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<br>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|





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|6|Support costs|||||
|---|---|---|---|---|---|
|||Support costs<br>F.|Governance costs<br>E|2022<br>F.|2021f|
||Staff costs|11,998||11,998|12,198|
||Postage,<br>printing,|||||
||copying and stationery|246||246|266|
||ITsupport|442||442|398|
||Travelling<br>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<br>to|||||
||Charitable<br>activities|14,428|2,400|16,828|17,832|



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|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|





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|9|Net gains/(losses)|on i|nvestments||||
|---|---|---|---|---|---|---|
|||||Unrestricted|Unrestricted||
|||||funds||funds|
|||||2022||2021|
||||||f.|R|
||Revaluation<br>ofinvestments|||(36,819)||53,740|
|10|Fixed asset investments||||||
|||||2022f||2021<br>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|



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|Debtors||||
|---|---|---|---|
|||2022|2021|
|Amounts<br>falling due within one year:|||F.|
|Other debtors||97||
|Prepayments|and accrued income|182|197|
|||279|197|





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|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<br>share capital||||
||Issued and fully paid||||
||12Ordinary shares off1 each||12|12|