2022-04-05-accounts - Stanley Picker Trust

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				TIV
				DSAP	L
Trustees and		Officer
Trustees;			Rhodenck Peter Grosvenor Voremberg
			Alan Picker Safir
			Joan Arden Safir
Address			PO Box 1532, Kingston-upon-Thames,			Surrey		KT1 9XR
Registered	number		271185
Professional		Advisers
Bankers. '			Metro Bank, Qne Southampton		Row,	London		WC1B SHA
			Royal Bank of Scotland,	London	Drummonds			Branch, 49 Charing	Cross
			London SW1A 2DX
Solicitors;			Farrer lk Co, 66 Lincoln's Inn Fields,			London		WC2a 3LH
Accountants.			Fletcher Si Partners, Chartered		Accountants,		Crown Chambers,
			Bndge Street, Salisbury	SP1 2LZ

					Unrestricted	Unrestricted	Funds
					Total		Total
					2022		2021
INCOME FROM:
Grants and donations
Government grants Donations							25,000 10
Investments
Dividends and interest on Interest on cash deposits			listed investments		119,870 28		151,690 51
Charitable activities Visitor income					1,485		170
Visitor merchandise	income				336
Other Income
Insurance claim					54,286
Total income					176,005		176,921
EXPENDITURE ON:
Raising funds
Investment management			fees		67,774		56,979
Charitable activities Advancement of public		education			442,316		292,925
Total expenditure					510,090		349,904
Realised gain/(losses) on investments and currency movements Unrealised gains/(losses) on revaluation of Investments Unreahsed gain on revaluation of hentage assets					71,124 832,990	109,545 1,162,477 1,210,000
Net Income/(expenditure)					570,029	2,309,039
Net movement In funds				13	570,029	2,309,039
TOTAL FUNDS AT 6 APRIL 2021				13	12,387,789	10,078,750
TOTAL FUNDS AT 5 APRIL 2022				13	E12,957,818	E12,387,789

			~20			2()21
FIXED ASSETS
Heritage Assets Fixed Assets Other investments				5,129,206 7,329 8,387,394		5,179,206 7,530,367
				13,523,929		12,709,573
CURRENT ASSETS
Stock Debtors Cash at bank and in Investments	hand	9 10	9,874 46,542 123,896 46,065		10,140 2,032 118,901 46,065
			226,377		177,138
Creditors falling due year	within	one	792,488		498,922
			792,488		498,922
NET CURRENT LIABILITIES				(566,111)		(321,784)
TOTAL ASSETS LESS CURRENT LIABILITIES				12,957,818		12,387,789
CREDITORS: Amounts	falling	due
after one year		12
TOTAL NET ASSETS				E12,957,818		E12,387,789
TOTAL CHARITY FUNDS				E12,957,818		E12,387,789


								~222		2021
Educational Grants
Bursarles
Royal Academy of Dramatic		Art					5,000	5,000
Royal Northern College of Music							5,000	5,000
Royal Academy of Arts								5,000
Tnnity I aban							5,000
Royal Academy of Music
Royal College of Music							5,000	5,000
Courtauld Institute of Art						10,000
Royal Conservatoire
Rambert School of Ballet								5,000
The Purceg School							3,000
Royal Central School of Speech			&	Drama				5,000
Orchestra of the Age of Enlightenment								5,000
ArtsEd							5,000	5,000
The Guildhall School of Music & Drama							5,000	5,000
London Philharmonic Orchestra							3,107
English National Ballet							3,000
Northern Ballet							5,000
The Royal Ballet School							S,000
								59,107		45,000
Special Awards Fnends of Israel Museum							5,666	6,108
Tate							5,000
Whitechapel Gallery							5,000	5,000
Matt's Gallery							8,300	7,860
Birmingham Royal Ballet							4,000	4,000
City & Guilds London Art							5,000	5,000
Orchestra of Age of Enlightenment
The Royal Collection Trust
Royal College of Art
Chelsea College of Art & Design
London Academy of Music	&	Dramatic			Art
The Old inc
Royal School of Needlework
Bristol Old Vic								3,000
National Youth Choirs
Foundation for Young Musicians
Queen Elizabeth Scholarship		Trust					5,000
Danae Classlque
Royal Conservatoire of Scotland							5,000
Trevor Appleson							5,000
								47,966		30,968
Kingston University
Stanley Picker Fellowships	and		Gallery			43,000		43,000
Fine Art School						22,000		22,000
								65,000		65,000
								172,073		140,968
The maiority of grants are	awarded			on	an annual	basis and charged		to the SOFA accordingly.	However,	this year,
a grant of 65,000 was awarded			to	the	Courtauld	Institute	of Art for	two years and consequently	510,000 was
charged this year.

						2022		2021
	Art Gallery and Museum	- Warren		Park
	Art restoration				55,718		1,140
	Council tax and business rates				4,352		4,149
	Staff wages and housekeeping Light and heatmg Repairs, serviang and maintenance Water rates				46,850 8,799 19,452 1,662		45,303 9,214 18,663 1,584
	Insurance				11,778		11,410
	Fire and security Telephones IT, postage and stationery Guides' fees				9,453 2,666 4,423 360		6,628 2,248 5,018 60
	Garden expenses Cleaning Books and publications Bank charges and sundries Depreaanon				20,396 3,408 266 9,548 51,832		17,096 3,249 5,657 1,987
						250,963		133,406
	Support costs (Note 4 )					2,331		2,964
	Governance Costs (Note	4)				16,949		15,587
						E442,316		E292,925
3.	STAFF COSTS
								202
	Warren Park - staffing costs					43,779		42,332
	Social security costs Pension costs					3,071		2,971
	Other staff costs
						E46,850		E45,303
	Average number of employees		during	the year
	Administration and household

	During the year there were no employees that received benefits	During the year there were no employees that received benefits	During the year there were no employees that received benefits	of more than	E60,000.
4.a1	ANALYSIS OF SUPPORT AND GOVERNANCE COSTS - 2022
			Basis of Apportionment	siirt	Gg~ea~n	Total
				~222	~20
	Legal fees —Farrer Reimbursement ofTrustees'	expenses	Invoiced Governance	2,331	4,108 1,079	6,439 1,079
	Auditors fees —audit services		Governance		10,700	10,700
	Auditors fees - other services		Governance		1,062	1,062
				E2,331	E16,949	E19,280

	THE ED F RT E DE RI 2	THE ED F RT E DE RI 2	THE ED F RT E DE RI 2	THE ED F RT E DE RI 2
4.a2	AIVALTSIS OF SUPPORT AND GOVERNAIVCE COSTS -2021
			Basis of	Cagpgrai	verna	Tot
			Apportionment	~sort ~202	2g2I	2 21
	Legal fees —Farrer		fnvoiced	2,964	4,160	7,124
	Reimbursement of Trustees'	travel	Governance
	expenses Auditors fees - audit services		Governance		10,395	10,395
	Auditors fees - other services		Governance		1,032	1,032
				E2,964	E15,587	E18,551.
4.b	GOVERNANCE COSTS
					2jj22	2 21
	Legal fees - Farrer Reimbursement ofTrustees' travel Auditors fees —audit serwces		expenses		4,108 1,079 10,700	4,160 10,395
	Auditors fees —other services				1,062	1,032
					E16,949	E15,587
5.a	HERITAGE ASSETS
				old	Works
	Cost/Valuation
	As at 5 April 2021			5,000,000	179,206	5,179,206
	Revaluation
	As at 5 April 2022			5,000,000	179,206	5,179,206
	Depreciation
	As at 5 April 2021
	Revaluation
	Charge for year			50,000		50,000
	As at 5 April 2022			50,000		50,000
	Net Book Value
	As at 5 April 2022			E4,950,000	E179,206	E5,129,206
	As at 5 April 2021			E5,000,000	E179,206	E5,179,206

SUMMARY	AN	ALYSIS O	F HERITAGE AS	SET TRANSACTI	ONS
			~20	2()21	2020	2019	201IO
Freeh	n	buildi
Cost/Valuation			5,000,000	4,000,000	4,000,000	4,000,000	4,000,000
Revaluation				1,000,000
Total cost			E5,000,000	E5,000,000	E4,000,000	E4,000,000	E4,000,000
Charge for	depreciation		650,000	EO	E35,000	E35,000	E35,000

are fully catalogued FIXED ASSETS	and insured bas	s.
			QffgEEgtti~me n
Cost
As at 6 April 2021 Additions			11,911 9,161
As at 5 April 2022			21,072
Depreaation
As at 6 April 2021 Charge for the year			11,911 1,832
As at 5 April 2022			13,743
Net Book Value
As at 5 Apnl 2022			E7,329
As at 5 April 2021
FIXED ASSET INVESTMENTS		2(i22	2921
		~Inve~oo	~inv EIIIIBBL o ol o
Market value as at 5 Additions at cost	April 2021	7,530,367 1,601,631	6,190,651 1,590,754
Disposals at opening market value Unrealised gains / (losses) on revaluation Increase / (decrease) in investment cash		(1,617,646) 836,758 36,284	(1,381,077) 1,144,547 (14,508)
Market value as at 5	Apnl 2022	E8,387,394	E7,530,367
Represented by
Cash Deposits Investments held in the UK		E40,206 E2,464,366	E3,921 E2,876,514
Investments held outside the UK		E5,784,397	E4,649,932
		E8,288,969	E7 530 367
Historical cost as at 5 April 2022		E6,251,532	E6,109,247

CURRENTASSET INVESTMENTS
	~20	20 1
The Juha Loucks Violin Trust The Jamie Walton Cello Trust The Ahcja Smietana Viokn Trust The Emily Smith Cello Trust The Sophie Rosa Violin Trust	9,069 10,000 10 000 10,000 6,996	9,069 10,000 10,000 10,000 6,996
	E46,065	E46,065

CREDITORS: Amounts
	202	20 1
Bank loans and overdrafts Grants payable Accruals and deferred Income Other creditors	654,880 70,000 14,350 53,258	392,191 68,000 12,035 26,696
	E792,488	E498,922