THE AKfHONY AND ELIZABETH MELLOW8 CHARITABLE SETfLEMENT Report and Financial Statgrn•nts for the yoar ended 31 March 2024 (RCN: 281229) HUNTERS Hunters Law LLP g New Square Lincoln's Inn London WC2A 3QN JER.MY.4637&1
THE ANTHONY AND EUZABETh MELLOWS CHARITABLE SETfLEMENT Financial Statemonts for the •nd•d 31 March 2024 Contents Pag Leg81 and Admlrslstratlve Infomiatton Report of the Tnjstees Independent Auditows Report ststsment of Financial A£tivtties Balanc8 Sheet 10 Notes Fomilng Part of the Financial Statsments
THE ANThONY AND ELIZABEfH MELLOWS CHARrrABLE SErrLEMENT Admlnlstratfv¢ Detallg of the Cha . Its Trustees and Advlsorn Th• Board of Truste•s E A Mellows G D Ogilvie Esq Operatlon Addr•ss The Anthony and Elizabeth Mellows Charitable Settlement 23 Clement House 190 Strand London WC2R 1A8 Char5ty Reglstratlon Numbor 281229 Ind•p¢ndont Auditorn Burgess Hodgson LLP Camburgh House 27 New Dover Road Canterbury Kent CT13DN Bank•rs Child & Co Royal Bank of Swlland London Investment Managgrn Quilter Cheviot Senator House 85 Queen Vthrla Street London EC4V 4AB Solicitors Hunters Law LLP 9 New Square Lincoln's Inn London WC2A 3QN
THE ANTHONY AND ELIZABETH MELLOWS CHARffABLE sErrLEMENT Report of the Trustees for the èndÈd 31 March 2024 The Trustees a pleased to presenttheir rèport togetherwth the financial statements of the Charlty for the year ended 31st March 2024. Structure. Govèrnance and Mana ement Governing Document The Charity is a charitsble trust govemed by a Trust Deed dated 13th Cttober 1980. It is registered by the Charity Commission in the Central Re9iSter of Charities under No.. 281229. Methods of recnjitment and appointmont New Trustees are appointed by the Truslges in offiL. It 1$ envls89ed Ihal fLrtur8 trLtstsgs will be appointed on the basis that they have Previously gained experience of the charity Sector. ideally as a trustee of a charitable entity. They will also be appointed having regard to their knowledge and experien¢e in the fields in thich the Charity makes grants, and of their rdevant profèssional, financial or business sknlls. Arrangemgnls have been made f¢r th&tn lo be formally indv¢tsd prior to taknng up office. Trustees will be instrv¢ted lo ensure that they a familiar with Ihe Charity Commission's detailed guidancè {in parbojlar in relation to risk managemen( confiicts of interest and finances), and that they maintain avftreness of the late$t developments in relation to such guidance through reathng Charity Commission updates. Organisational structure AJI dect5ion5 are direcdy taken by the TrLthes. Relattonshlps wlth related partles and other ¢hities The Charity does not have any relationships with related parties or any other charities ¢y organisations. Ob'eetives and Activities The Charity is 8 grant making Charity. and has a wide power to make award5. At present the trustees support charities in main areas: la) Ibl Icl the Ferforming arts (ballevormLts1cI,. cuStur81 heritsge-, and the advancement of health or the saving of Itvgs. These obiectives are achieved by rnang grants lo charitable org8nisations involved in the above area5. the gr3nts being made at the discretion Clf tho Trustees.
ThE AIUHONY AND ELIZABEfH MELLOWS cHARrrLE SErrLEhlENT Report th the TntsteES for the endèd 31 March 2024 (continued The aim of the Charity is to make grants to operational tharib.es to en¥ble them to further their charTtable work The Charity does not undertake fundraising. The Grants for the performing arts. cultural heritage and the advancement of health and the $awng of lives are made only to national institutsons or other bodies of which the Trustees have parbujlar knoedge. The Trustees receive appeals from a le range of charilable oryanis8ts.ons which are then filtered down to those which are foeiJssB<l on activities within the objective5 stst8d above. The Trustees are particularfy concemed lo ensure that national bcJies to which grants are made exernplify the very highest standards of quality in their partic#Jlar fields to enable their work to flourish and allow the bodies t¢ act as beacons for other organi5ations in the United lfjngdom and worlthde. whe less high-profile bodies receive grants. the Tnjstees are keen to ensure th they a specialists thin thelr fields and can provide help lin the case of th¢)se organisations dedicated io the advancement Df health and the saving r)f lives) direcfjy to those in need of their services. The Trustses have not undertaken any specific pr0Me$ in furtherarrR of the Charity's aim5.The Charity does not involve volunteers and does not have a SC¢Aal investment policy. The short and long term aims of the Charity arg presendy to sustain and hopefijlly ieaSe the level of funding for charitable organisalion5 which carry out actrvÉties in furtherance of the Charttys aims. Achievements nd rforman During the year under review the Trustees ¢onllnued to pursue the Dbjeclives of the Charity and daade(I to make a significant donation af f250.000 to the RO31 Opera House Foundation to 5UPPQrt its work Thi5 refie¢ts the particular commitrnent to that charity lch has been demonstrated by Mrs Mellovts, and her late husband ProfessorAnthony Mellovds OBE. The Trustees also made a substantial amount of smaller donations. Dirèct Charitsble Expenditure The full list of 9r8nts made by the Trustees in support of the perf¢milng a. CUlra1 heritage and the adv8nCEment of health or the saving of live5 IS shown on pag&$ 14 and 15. Public Benerrt In deciding upon all grants, the Tru51eEs have regard to the Chartty Cornmission guidance on public benefit.
THE ANTHONY AND ELIZABETH MELLOWS CHARITABLE SErrLEMENT ort of the Tru51ee5 for the ar ended 31 March 2024 Continued Risk Assessment The TnJ5tees have remewed the risks as idenb.fied by them to which the Charity is exposed and are satisfied that arrangements are in Pla to mitigate those risks. The main risk is a fall in income due to a downtum in the global economy, however the Charity does not have a fixed commitment to support particular charities every year which would rely on such donations. The Trustees cars therefore adjust the amount of grants given to reflect available spendable fund5. The Charivs assets are held by respected investment managemerrt company in a segregated ¢lient account, and S al minimal rt5k of misappropriation. Disposition of Funds The Tiustees are satisfied that the disposition of funds at 31st MaTth 2024 is such that the Charity can cDntinue to generate suffirAenl income and has SLthaent cash resources to enable it to continue with its hafjt3ble objeGtiv¢s. Flnandal ReW Income During the yeai the Trustees received a Grft Aid donation of £150,000 {2023.. £1,000} from Mrs E A Mdlows. ¢Jther income received by the Trustees was that derived from its investrnents and the literary rights. Reserve5 PolR¢y The lotsl funds Csf the Charity al the end of the period were £e.389.207 {2023: £5,968,432), of which no hjnds were restri¢ied or designated, and thefOre the total fund5 represent the Charity's reserves. The res8eS held a primarily retained to produce income which is then expended in donations. The Trustee5 have no re5erve5 policy wth Tegard to income ¢1Ved because taknng one year wlh another those monies are expected to be expended wthin a short time from receipL Invèstment Objectives and Perfomiance The investment obie¢lives and performance as at 1 April 2023 were.. to preserve the capitèl value of th? Fund. adjusted for inflation as rneasud by the Consumer Prices Index., and to m8ximise thè long-tem total return of the Fund subject only to the risks 3$50Uated with a balanced approach to porttolio m8nagemenL The TTUStees have requested that the investrn8nl managers achieve a SuIt on a total tuM basis which eXedS that of the weighted average of the T$thomety CIG Charity Fund Universe. The Trustees have regard tts a cofflp051te benchmark comprised as to 30Yts MSCI UK IMI, 40% MSCI AC World ex UK, 12•/0 iBoxx UK Gilts. 5% iBoxx £ Gilt 1-Sy. 5% MSCI AC Worfd Index IACWII. 5.50/0 iBoxx Sterling Corporates and 15¥0 UK Banks 8ase Rate. {'Ihe Quilter Cheviot Charities Composite BenthmaTk"l.
THE ANTHONY AND ELIZABETH MELLOWS CHARITABLE SETTLEMENT ort of the Trustees for the ar ended 31 March 2024 {wntinued The Fund is primarily invested in eqLuiTes, and the Trustees are satisfied that the income from investments represents a reasonable rate of wtum. The Trustees do not have a prescribed pollcy in term5 of r8slri¢ting the areas in which the Fund may be invested. The TN51ees rely on the investrnent mana9er to consfjder the appropriate level of shareholder invesiment in respect of social, environmentsl or ethical considerations. but has no fomal restricfyons in its investrnent policy. The Trustees regard the overall investrnent performance as being acceptsblg. Trustets. P4)wèr f In The Trust Deed provides that the Trustees may invest monies as they shall, in their absolute discret'on. thinkfit and a(tordingly the Trust Fund is da5sffie(I by the Trustees as an unrestricted Fund. Plans for future riods In recent years. the Charity has increased significanvy the levd of funding lo charitsble entibes which undertake aclivities pursuant to the objectives sel out above. which has brought the funding more in line with the income received during the relevant finanaal year, and wll conbnue to do so. Trustees. Res ortsibilities sn relati n to the Fi aneial StatemÈn The law aF)pli¢3ble to charities in England and Wales requires the Trustees to prepare financial statements for e8¢h financial year whith give a true and fair view of the Charity's finanual a¢tivities during the year and of its financial position at the end of the year. In preparing those fi'nane4al statements. the Trustees are reqUId to: select suitable accounting policies and then apply them con5iStenlty,' observe the methods and Principles in the charities SORP IFRS 1021.. make judgèments estimates that are reasonabl¢ and prudent state whether applicable accounting standards and stslements of r¢comrnend¢d praelreè have been followed subject to any departures disclosed and explained in the financial statement5- and prepare the finan¢ial statements on the going concem basis unless it is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping accounting records which disdos8 reaDable accuracy at any time the financial p0SOn of the Charity and #nable them to ensure that the financial statements comply with the Charities Act 2011. They are alsr3 responsible for safeguarding the assets of the Charity and hence for ts.5 rea%>nable Steps for the prevenlion and detection offraud and other Irgu{anties. Approved by the Trustses on and signed on their behaw by Mrs E A Melltrws Trustee
THE ANTHONY AND ELIZABETH MELLOWS CHARITA8LE SEMEMENT Independent Auditor'5 Report to the Trustees of The Anthony and Elizabeth Mellows Charitable Settlement for the Year Ending 31 March 2024 OPINION We have audited the financial statements of The Anthony & Elizabeth Mellows Charitable Settlement for the year ended 31 March 2024, which cornprise the Statement of Financial Activities. Statement of Financia5 Aclivrf(ies and notes to the financial statements. The financial reporting framework thal has been applied in their preparation is applicable law and United Kingdom Accounting Stsndards including Financial Reporting Standard 102 The Financial Reporling Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Apted Accounting Practice). In our opinion the financial statements.. Give a true and fair view of the stale of the charitvs affairs as at 31 March 2024 and of its incoming resources and application of resources, for the year then ended,- Have been propeHy prepared in accordance with United Iongdom Generally ACpted Accounting Practice., and Have been prepared in accordance wth the requirements of the Charits Act 2011. BASIS FOR OPINION We conducted our audit in accordan( International StsnQards on Auditing (UK) IISAS IUK}18nd applicable law. Our responsibilities under those standards are further described in the Auditor's respornsibililies for the audit of the finanual stalemerts section of our report. We are independent of the charity in accordance with the athical requirements that are relevant lo our audit of the finanaal slatenients in the UK, induding the FRC'S Ethical Standards, and the provisions available for small entities, and we havo fulfilled our other ethical responsibilities in accordan wlh these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provtde a basis for our opinion. CONCLUSIONS RELATING TO GOING CONCERN In auditing the financial statements. we have concluded that the trustees. use of the ping concern ba81S of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfomed. we have not idenlffied any fflaterial uncertainties Tating to events or Conditions Ihal, individually or collectNely, may cast snrficant doubt on the charitys ability to continue as a going concern for a period of at least 1Ve months from when the financial ststements are authorised for issue. Our responsibilities and the responsibilities Df the tnjstees with respect lo going concem are descrlbed in the relevant sections of this report. OTHER INFORMATION The trustees are responsible for the other information. The other information ¢omprise5 the infornalion included in the trustees, annual report. other than the linancial statements and our auditorfs report thereon. Our opinion on the financial statements does not cover the other infOrMatn and. except to the extent olhetwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
THE ANTHONY AND ELIZABETH MELLOWS CHARrrABLE SEThLEMENT Independent Auditorfs Report to the Trustees of the Anthony and Elizabeth Mellows Charitable Settlement for the Year Endin 31 March 2024 continued In connection wrth OUT audit of the financial stslemenls, our responsibility is lo read the other information and, in doing so, consider whether the other information is materialy inwnsistenl with the financial statements or our krwledge obtained in the audit or otherwise appears to b8 materially misstated. If we identify such material Inconsistencies or apparent material misststements, we are required lo delennine whether there is a material misstatement in the finanal statements or 8 material mlsstatament Df the other infomiation. Sf, based on the work we have perfOe, we condude that there is a rnaterial misststement of this other information. we are required to report that fact. We have nothing to report in this regard. qATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION We have nothing to report in respect of the followng matters in relation to which the Charities (Account5 and Reports) Regu181ions 2008 require us to report to you rf. in our opinion= the information given in the financial statements is inconsistent in any rnaterial respect wth the trustees, report., or sufficient accounting records have not been kept,. or the financial statements are not in agreement with the accounting records.. or we have not received all the information and explanations we require for our audiL RESPONSIBILtTIES OF TRUSTEES As explained more fvlly in the Trustees Annual Report, the trustees are responsible lor th& pParatiOn of the financial statements and for ensuriro that they give a true and fair view, and for such internal control as the tru51ee5 determine is necessery to enable the preparation of financi81 slalements that are free from material misstatement, whether due to fraud or error. In preparing the financial stslements, the trustees are responsible for assessing the charitable companls ability to continue as a going concern. disclosing. as applicable, matters related lo going concern and using the going concern basis of 3Gcounling unless the trustees intend to cease operation5, or have no redislic alternative but lo do so. AUDtTOR'S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS Our objectlves are to obtsin fftasonable assurance about whether the financial statements as a whole are free from material misst8tement, whether due lo fraud or error. and to Issue an audrtols report that includes our opinion. Reasonable assurance is a high level of assuran, but is rt a guarantee that an audit conducted in accordan with ISAS IUKI will aayS delect a material mis5taternent when it exists. Misstatements can arise from fraud or error and are considered material rf, indNidually or in the aggregate. they could reasonably be expected to irffluence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instsnces of non-compliance wrth laws and regulations. The objectives of our audit are lo obtain sufficient appropriate audit evidence regarding compliance with laws and regulations that have a direct effect on the determination of material amounts and disclosures in Ihe financial ststements, to perform audit procedures to help identify instanees of non-compliance with other laws and regulations that may have a material effect on the finan¢ral slalemenls, and to respond appropriately to identrfied or suspected non-com lan with18ws and wulalions identrfied during the
THE ANTHONY AND ELIZABETH MELLOWS CHARtTABLE SETfLEMENT Independent Audttor's Report to the Trustées of the Anthony and Ellbeth Mellows Charitable Settlementfor tho Year Endin 31 March 2024 continued) In relation to fraud, the objectives of our 3udit are lo identfy and assess the rtsk of material rnisstatement of the fnancIal slalements due to fraud. to obtain suffi¢ient appropriate audit evidence r8garding the assessed risks of material misstatement due lo fraud through designing and implementing appropriate responses and to respond appro5Yiately to fraud or suspected fTaud identrfpd during the audit. However, it i8 the primary responsibilty of management, with the oversight of those charged wth governance, to ensure that the Charl5 operations are conducted in accordan with the provisions of laws and gUlationS and for the prevention and detection of fraud. In idenl¢fying and assessing risks of material misstalemenl in respect of irregularittes, induding fraud. the audit èngagement tEam.' obtained an understanding of the nature of the environment. 1ndlIng the legal and regulatory framework that the Charity operates in and how the Charity is complwng wth the legal and wulalory frameworf<'. inquired of management, and tliose charged with governance, about their own idontrricalion and assessment of the risks of irregularities, induding any known actual. suspected or alleged instances of fraud.. discussed matters about non-compliance with laws and regulations and how frauo might occur inctuding assessment of how arJd where the financial statements may be suspb1e to fraud. As a result of these procedures we consider the most significant laws and regulations that have a direct impact on the financial statements are the Charities Act 2011 and regulations made under them and FRS 102, the Financial Reportin9 Stsndard 8pplicable in the UK and Republic of Ireland. We performed audit procedures to remew the finanrAal statements for compliance wlth the relevant Segislation. A further description of our respon5ibiltiies for the audit of the financial statements 1$ located on the Financial Reporting Council's website al.. www.fro.org.uklaud(iorsre5ponsibilities. This description fomis part of our auditor's report. USE OF AUDIT REPORT This report is made solely lo the ¢haritys INstees, as a body. in accordance with section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken so that we might stste lo the charitvs trustees those matters we are required to stsle to them in an auditorfs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility lo anyone other than the charity and the Gharitys trustees as a body. for our audit work, for this report, or for the opinions we have formed. BURGESS HOOGSON LLP SENIOR STATUTORY AUDITOR Chartered Accountants Camburgh House 27 New Dover Road Canterbury Kent CT1 3DN Burgess Hodoson LLP is eligible for apF)ointment as auditor of the charty by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006
THE ANTHONY AND ELIZABETH MELLOWS CHARrrABLE SErnEMENT statement of Financial ktivities (including Income and Expendlture kcountl for the ar ended 31 March 2024 Unrestricted Funds Unrtrstricted Funds Notes 2024 2023 Income from- Donations and 1cleS 187.500 187,500 187,558 187.558 Investments 179,586 179.586 199.339 199,339 Thompson Reutsrs.. Literary Rhts 69 69 Quilter Cheviot.- Gross Deposit Intere51 2,870 2,870 69 Total incorne 369,963 369.963 387,035 387,035 Expenditure on: Charrtable activities: Grants payable Managementand adminislralion 10 415,272 415.272 161,272 161.272 77,671 77.671 78.255 78,255 Total expenditure 492.943 492.943 239.527 239.527 Net income 1122.981) 1122,981) 147,508 147,508 Net gainslllosses) on invesbments 543.756 543.756 (485.366) 1485.3661 Net movernent in funds Total funds brought forward 420.775 420.775 1337.8581 I337,858} 5,968.432 5,968,432 6 306.290 6,306.290 Total funds carrred foTward 6.389.207 6.389.207 5.968.432 5,968,432 All of the results relate to continuing activities. There are no recognised galns or losses other than those included above. The notes on page 11 10 17 form part of these finar181 ststements.
THE ANTHONY AND ELIZABETH MELLOW5 CHARITABLE SELEMENT Balance Shaet at 31 Ma 2024 Notes 2024 2023 Fed Assets Investments 12 5.993,242 5,520,845 Curront Assats Cash at bank and in hand Debtor5 385,930 37.507 423,430 438,297 37,500 475,797 13 Credltors.. amounts falling due within one year 14 127,472 28.2101 Net Current Assets 395,965 447.587 Total Assets Less Currerrt Liabilities 6.389.207 5,96&432 Funds Unresth'cted Fund5 15 6.389.207 5.968,432 The notes on pages 11 to 17 forrn part of these fiftana Statements Approved by the Trustees on and Signed on their behay by. 17 Jo- Mrs E A Me15¢)ws Trustee Reglstered charity number 281229
THE ANTHONY AND ELIZABETH MELLOWS GHARITABLE sLEMENT Notes to he Finan¢ial atempnt5 for the ar ended 31 March 2024 counting PolicÈe5 The prinupal aewunting policies %thich aTr adopted conslstenlly In the preparation of the finanual statsments are set out low. lal Entity Inforntatson The Trust is a charitable trust governed by a trust deed. It Is re9islered by the Charity Comrnission ursder No. 281229 and is a public benefit entity- The address of the princApal office is The Anthony and Elizabeth Mellows Charitable Settlement, 23 Clèment Hou58, 1go strand, London WC2R 1AB. Ib) Stat8ment of Compliance These finan¢ial stsiements have been prepareil in compliance th the FRS102, The Financia5 Reporting Standard applicable sn the UK and Repvblic of lrtland,. tt)e Ststement of Recornmen¢Jed Practice applicable to charities preparing iheir accounts in accordan with the Financtal Reporting Standard applicablg in the Unit8d Kingdom and Republic ol Iland {FRS 1021 (Charities SORP IFRS 10211 and the Charities Act 2011. Except with regard io investment income and donations, the acctyunis have been prepared on ar4 aecruals basis and Include income and expendilurt as they are eamed or intsjrred rather than as cash received or pa41J. The financial statements are prepared on a going conTrm boss under the historical cosl convenb"on. modified to inclL*de certain iL¢ms at fair valuè. The finan¢ial skmeNtS arè prepa in Sterling and roun¢Jed to the nearest £. (¢1 Incoming Re$our¢es Donalions Dona0$ are acLount¢d forwhen 1ve by ihe Charity. Investment Income Oividends from quoted investments are inc>uded in the accounting y¢ar in which tr]ey are ceiVed. Depodt a¢xount interest 1$ accoijnted for in th8 year in wnTch the inierest is CeIved. {d} Basls of Preparatron The financial statements are prtpared In sierling. which is the functional CUTr8ncy of the entity.
THE ANTHONY AND ELIZABETh MELLOWS GHARrrABLE SErrLEMENT Note5 tD th• Finanual Statements for the year endpd 31 March 2024 ontinuedl Idl R•sources Expended Grants are accounted for vthen payable ty the Chaiity. All other Expenditure Is generally renised when it is sccrued an¢ accounted for gros5. (el Investments Investments are stats¢J at fair valuè. Rèalised and unrèalised gains an¢J 1088es ar8 di5dos8d in the 8t8tsmeni of financial activities. ifj Financial Instruments The Charity has elected to appty the prowsions of Section 11 Easic Financial Instruments, arhd Section 12 '0thoT Financ4al Instruments Is8ues' ol FRS 102 to all of its financAal instruments. Finan¢tal insiruments are reccgnised in the compan$ balarte shèet when the company become5 party to the nira¢tu81 provigons of the instNment. Baslc financtal assets Basic finanaal assets, wtyich include debtors and cash and bank balances, are initialty rneasured at trdnsacbon price Including transaction costs antj are 5ubs8quenUy carried st amorbsed cost using the effecifve interest method. Flnancial asseis dassified as Ceivable wthin one year a not amortised. Basic fiftancial liabilities Ba51¢ finsncial libilthes, including creditors, are initially recognised at transactioft prtce. Financial liabilities classfied as payable within one year a not amortised. Judgements and Key Sourees of Estimation Uncertainty In the appli¢atiorn of the aecounting poliaes. the Trustees are quTred to make judgements, estimates and assumptions about the carrying amount of assets and fiabillbes that a not wdily apparent from other souKes. The estimates and associatsd assurnptions are based on historical experience and other fa¢tDts that are considered to be relevant. Actual results may dffterfrom these estimatss. The e8tim8te8 and undartysng assumptions arè rewewed on an ongoing basls. Re$lOn$ to accounttng estimates a ¢L¥jnIsed in the period in which tr¥e esb'mats is revised wheTe the revision affects only that period. or in the period of the revision and future periods where the revision aff8cts both rjnt and future period5. Investment Income UK Non UK 2024 2023 Income from Quoted Investments 113.161 66,424 179.586 199.339 12
THE ANTHONY AND EUZABETH MELLOWS CHARITABLE SETTLEMENT Not•s to th• Finarteial Stat•mènts tor th• ar end•d 31 MArch 2024 continu•d Donatlons and L•gacl•s 2024 2023 Gift donati¢n1srossl: Mrs E A M$lltsws London LawTnJst 187,0 187.500 58 187.558 187,500 Thomsort Rauters: Litèrary Rights 2024 2023 Allocatlon of Resourees Expended on Mana9•m•nt and Admini8tralion Management & Admlnistratlon 2024 202$ Solr¢itors' fae 34.740 35.400 Auditors R&muneratTon.. 2023r24 Investment ManagerfB Foes Other 4,254J 34.4 4210 3,900 34.319 4,836 77,671 78,255 Audltorf$ R•mun•ratlon The auditor remkngration amounts to an audit fee of£4.29012023- rJ,9001. Therewero no othèr seNlces Trustees. and Kgy Mtnogèmgnt P•rsonn•l knmun•ration •nd Expqns The trustees neith•r re¢eiv8d norvrdfved any romunerati¢Yb durfng the y8arl2023'. £Nill. Thert are con$rdered to be no k8y management p8N)nn$l other than the trus8& and therefore th8 totsl amount of wnpioyee baneffts r8ceiV1 by key managoment personnel is £MI12023- £Nill. Nc truste are accmng nsIOn aTr3ngern¢nts12023- Nonel. The trustsèS did nut hav$ any oxpènses Teimbur¥gd durin9 the year12023- £Nill. *aff costs and employee btrn¢fifS Th• ch8rity ha$ no empw. 13
THE ANTHONY AND EUL4BETH MELLOWS CHARITA8LE SErrLEMENT Notss to thp Flnanclal Statsfflents forthe endod 31 March 2024 ontlnued 10. Grants Pay8blg 2024 2023 The Perforrning A¢8deniy of Anaent Music ck Playttousa Armonico Consort 8ened¥tb Foundatlon Boumemouth Symphony Orchestra Lcndon Symphorw Or¢h Royal North¢m College of ktuC Royal Opera House Foundation Wells Cathedral Chorister TNst 2.500 3.t)00 1,500 3,000 3.000 2.500 5,000 3,OCIJ 250.oc 2fj1000 17.0 Cuttural Herftage The Company ofArts Scholars Charltsble Trust Foundation ofth8 College of St George Heritage Crats Intemational Guitar Foundauon 2tlonal Gallery The Queen 2[aboth Seho&rship Tnjst Royal Museums Genl¢ Royal National Theatre Sir John So8ne Mus8um Wallace Collection West Somerset RailbwAssoctalTon W¢sthiner Abb8y Foundation 10.000 4.772 2,500 2.000 15,000 5.000 2,500 25.000 s,000 5,ry)Q 1.500 5.000 10.000 4,500 1.000 The advancernent of health or 8Ying of lives BrSh Di88blod Angllng Association ca for Veternns Childron's Arnbularte Children's Cancer & Leukaemia Group The Connection at St MenS Cllmbing Out Clowns in the Sky CrrJhn'8 and Colifys Dempjza Hpspice Care for ChSldron Dream Holldays for Cystic Fibrosis Resptte 1,000 5,000 3500 3.000 3SOO 20110 2,000 3,000 3000 25¢ 14
THE ANTHONY AND EUZABEfH MELLOWS CHARITABLE SETTLeMeKr Notes to th• Flnanctal Statem•nts forthe r •nd•d 31 hlarch 20 continu•d 2024 2023 Eydllna London Chllt1ren'$ Hospital Fiiend¥ of Spafforf Children's C FubJre Hope UK Grctup B Strep Support Gurkha Welfare Trust Htsratio's Garden Hot Llne Mfyals Senrice {London} Interact Stroke Support ngvdood Trust Th8 Leukodystrophy Charlty Lennox Chiidron's Cancer Listsning Books Litue Lffts Can¢er Marie Curie Nursing Servico Med Equip 4 Kids Mi88ion of Seafarers Music Therapy CtrtarEty Myeloma UK Th? Princg of Wal&s Ho$pl Rowans Hospice St Clar8 Hospi st John Amtsulance Sl John Ambulance Trdlning St John Ambulanc8 Fall SeNe St Josaph's Hospice St MaTtinsvin-thields ChTistrnas Appe81 st martins-1n-thFIeld5 (Vicars Relief Fund) saatiOn Army S?rnaritans Suttons Hospital in Chartetho SupportThrough Court Taenag8 Cancer Trust Tessa Jowell Foundabon Tr8nsforming Auti¥m T108$ TNst Wheelchair Rugby Club Willow Foundation Wingate Sp8dal Chddren'8 Tfu lo,0) 5C>O 4.500 4.500 2.500 3,000 1.000 2,800 5.OlXI 1.000 5,000 2.500 2.000 1,000 2.000 S,tsJO 2.000 5,000 15.000 10,000 10.000 5.000 500 1,(0 1.000 12.000 2.500 3.wo 7.50D 3,IXIO s.000 3,000 2,000 5,000 76,000 Total Grants Aw8rd•d 15
THE ANTHONY AND ELIIA8ETh MELLOWS CHARrrABLE SETTLEMENT Notss to the FlnaftCl St•tem•nts forthe r ttnd 31 Mwch 2024 contlnu•d 11. Unrealiwd Gain1(Lo} on Revaluatlon• and Olsposals of Inve¥Int Assets 2023 Unrealised GainlLoss on revaluation Rèaltsed ProfiVILo8sI on disposaL8 N•t Galn (Lossl 430,800 112.956 (413,4811 71.8851 485.366 12. Inveslm•nts 2024 2023 Falr Value at 1 April 2023 Addition5 at cost Transf¢rs in Disposals at opening bookvalue Net gainllloss) on revaluation 8t 31 Mèrth 2024 S.S20,845 793.533 187,500 1939,43ei 6.025,203 588,579 187.558 1867.014) 413.481 At 31 March 2024 5 993,242 5 $20 845 Hlstori¢al ¢ost a8 at 31 Marth 2024 4 515.OW2 4,475 9S7 l the Invesbments helll by the Charrty li8tei1 inv¢stsnents, and ts fr value of th is d&tomined by r¢f8renc8 to the quotsd price for Idèntic 885èts in an activ• markot at the BaSance Sheet date. 13. O•btofs 2024 2023 Other debtors: Incom8 Tax Repaymont Thomg)n R8Utws: Literary Rights 37.500 37,SOO 37,507 14. Credltorg: amounts tslling due wlthln one ar 2024 2023 Other Creditors: Grant ¢heques noi yet presented Ac¢ruals 9,500 18,710 28,210
THE ANTHONY AND ELIZABTh MELLOWS CHARITABLE SETfLEMENT Nots$ to tho Flnanclal Statwnents forthe r ended 31 2024 ontlnued 15. UnrEStricted Funds Balance at 1 Aprfl 2023 G•iM Expendltur• ILw8*1 B•lafftco 8131 Alar¢h 2024 In¢omo Ger81 Fund 5.966,432 369,963 1492.9441 $43.756 8,389207 JI lunds hdd ty the Charty are unrestricted. Analysls of N•t Ass•ts Among Funds Fund balance¥ at 31 Mar¢h 2024 0 represented by.. Unr•8trl<aed Funds 2024 1023 Investrn¢nts Net currenta$sets 5,993,242 39S.965 6.389.207 5.993.242 395.9e5 6.389.207 5,520,845 447.587 17. Related PartyTr4n$3c¢ions rrIng the year. there ware no relatsd paty tr4n$acUon$ (2023.. £Nil). 17