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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||||||
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|||||||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|
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||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||~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.|||||||||||
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|||||||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|
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||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|ed on Christies'
valuation|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|
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|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|
##
##
||Books for resale|Books for resale||9,874|10,140|
|---|---|---|---|---|---|
|||||E9,874|510,140|
|1.0.|DEBTORS|||||
||Other debtors
Prepayments|and accrued|income|44,297
2,245|2,032|
|||||E46,542|E2,032|
|11.|CREDITORS: Amounts|falling due within one year|||
|---|---|---|---|---|
||||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|
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|13.1|FUND MOV|EMENTS|- 2022|||||
|---|---|---|---|---|---|---|---|
||||Balance at||||~BI nce at|
||||||||~05|
||Unrestricted|Fund|12,387,789|176,005|(510,090)|904,114|12,957,818|
|13.2|FUND MOVEMENTS||- 2021|||||
||||Balance at|||Gains and|Baan
1|
||||||||ax(14+2~21|
||Unrestricted|Fund|10,078,750|176,921|(349,904)|2,482,022|12,387,789|
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