#
##
##
##
##
||||Page|
|---|---|---|---|
|Trustees'
annual
report||||
|Independent
examiner's
report to the trustees||||
|Statement offinancial
activities|(including|income and||
|expenditure
account)||||
|Statement offinancial
position||||
|Statement
ofcash flows||||
|Notes to the financial statements||||
##
##
##
##
|Registered||charity|name|name|The Hoist Foundation|
|---|---|---|---|---|---|
|Charity registration|||number||283668|
|Company|registration|||number|01582190|
|Principal office and|||registered||63Trematon
Place|
|office|||||Teddington|
||||||Middlesex|
||||||TW11 9RH|
|The trustees||||||
||||||Julian Anderson|
||||||Peter Carter|
||||||Andrew Clemente|
||||||Bayan Northcott|
||||||Noel Periton|
||||||Prof Arnold Whittall|
|Company|secretary||||Peter Carter|
|Independent||examiner|||Sonia Yeshin, BFPFCA|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||2022|2022|2021|
|---|---|---|---|---|---|---|
|||||Unrestricted|||
|||||funds|Total funds|Total funds|
||||Note||K|F|
|Income and endowments|||||||
|Charitable
activities||||9,880|9,880|14,421|
|Investment
income||||12,268|12,268|13,698|
|Total income||||22,148|22,148|28,119|
|Expenditure
Expenditure
on charitable||activities|7,8|123,817|123,817|119,060|
|Total expenditure||||123,817|123,817|119,060|
|Net expenditure||||(101,66S)|('l01,669)|(90,941)|
|Other recognised
gains
Fair value movements||and losses||10,642|10,642|128,312|
|Net movement
in|funds|||(91,027)|(91,027)|37,371|
|Reconciliation
of|funds||||||
|Total funds brought|forward|||571,086|571,086|533,715|
|Total funds carried forward||||480,059|480,059|571,088|
##
##
##
##
##
##
##
##
|31 March 2022||||||
|---|---|---|---|---|---|
||||2022||2021|
|||Note||||
|Fixed assets||||||
|Intangible assets||14||1|1|
|Investments||15||471,246|548,807|
|||||4'?1,247|548,808|
|Current assets||||||
|Debtors||16|364||501|
|Cash at bank and in|hand||210409||34,521|
||||21773||35,022|
|Creditors: amounts|falling due within one year|17|12,961||12,744|
|Net current assets||||8,812|22,278|
|Total assets less current liabilities||||480,059|571,086|
|Net assets||||480,050|571,086|
|Funds ofthe charity
Unrestricted
funds||||480,059|571,086|
|Total charity funds||18||400,058|571,085|
##
##
##
##
##
|Year ended 31 March|2022||||
|---|---|---|---|---|
||||2022|2021|
|Cash flows from operating|activities||||
|Net expenditure|||(101,669)|(90,941)|
|Adjustments
for:|||||
|Dividends,
interest and rents from investments|||(12,268)|(13.698)|
|Other interest receivable and similar income|||(1)||
|Accrued expenses/(income)|||21?|(289)|
|Changes
in:|||||
|Trade and other debtors|||137|(73)|
|Cash generated
from operations|||(113,584)|(105,000)|
|Net cash used in operating|activities||(113,584)|(105,000)|
|Cash flows from investing|activities||||
|Dividends,
interest and rents from investments|||12,268|13,698|
|Purchase oftangible assets||||10,291|
|Proceeds from sale oftangible assets||||{10,291)|
|Purchases ofother investments|||(82,132)|{15,152)|
|Proceeds from sale ofother|investments||170,336|105,677|
|Net cash from investing
activities|||100,472|104,223|
|Net decrease in cash and|cash equivalents||(13,112)|(777)|
|Cash and cash equivalents|at beginning|ofyear|34,521|35,298|
|Cash and cash equivalents|at end ofyear||21,409|34,521|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|5.|guarantee
i
Charitable|s limited tof10per
activities|member ofthe charity.||||||
|---|---|---|---|---|---|---|---|---|
||||Unrestricted|Total|Funds|Unrestricted|Total|Funds|
||||Funds||2022|Funds||2021|
||Royalties||9,880||9,880|14,421||14,421|
|6.|Investment|income|||||||
|||||Unrestricted|Total|Funds|Unrestricted|Total|Funds|
|---|---|---|---|---|---|---|---|---|---|
|||||Funds||2022|Funds
f||2021|
|Income|from|listed|investments|12,268||12,268|13,698||13,698|
##
|Expenditure
on charitable|activities by fund type||||
|---|---|---|---|---|
||Unrestricted|Total Funds|Unrestricted|Total Funds|
||Funds|2022|Funds|2021|
||F||||
|Investments|83,131|83,131|80,884|80,884|
|Support costs|40,686|40,686|38,176|38,176|
||123,817|123,817|119,060|119,060|
##
|||Activities||||||
|---|---|---|---|---|---|---|---|
|||undertaken|Grant|funding||Total funds|Total fund|
|||directly|of|activities|Support costs|2022|2021|
|||||||K||
|Investments||4,650||78,481||83,131|80,884|
|Grants|||||36,726|36,726|34,576|
|Governance|costs||||3,960|3,960|3,600|
|||4,650||78,481|40,686|123,817|119,060|
##
##
##
##
##
|9.|Analysis of|suppor|t cost|s|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||Support costs||||
||||||||||-grants|Total 2022|Total|2021
f|
||Staff costs||||||||21,500|21,500|21,500||
||Governance|costs|||||||3,960|3,960||3,600|
||Professional|fees|||||||12,575|12,575|12,576||
||Bank charges||||||||36|36||36|
||Fees &music||||||||2,525|2,525||360|
||Miscellaneous||||||||90|90||103|
||||||||||40,686|40,686|38,175||
|10.|Analysis ofgrants||||||||||||
|||||||||||2022||2021|
||Grants to institutions||||||||||||
||NMC|||||||||68,400|68,400||
||Britten Arts|||||||||2,500||2,500|
||LSO|||||||||||5,000|
||St Mary's BF|||||||||1,500|||
||The Purcell School||(from Sue Knussen||||Fund)|||5,000|||
||GoCompose|(from|Sue Knussen|||Fund)||||1,081|||
|||||||||||78,481|75,900||
||Total grants|||||||||78,481|75,900||
|11.|Independent|examination||fees|||||||||
|||||||||||2022||2021|
|||||||||||||E|
||Fees payable|to the|independent|||examiner for:|||||||
||Independent|examination||ofthe||financial|statements|||3,960||3,600|
|12.|Staff costs||||||||||||
||The average|head|count|of employees|||during|the|year was 1 (2021:|1).The average|number
of||
||full-time
equivalent||employees||during the year|||is analysed as follows:|||||
|||||||||||2022||2021|
|||||||||||No.|No.||
||Number
ofstaff|||||||||||1|
||No employee|received employee||||benefits of more than f60,000 during||||the year (2021:Nil).|||
##
##
##
##
##
##
##
|No trustees expenses were reimbursed
during the year.
Intangible assets|||
|---|---|---|
||Copyrights||
|Cost|||
|At 1 April 2021 and 31 INarch 2022|||
|Amortisation|||
|At 1 April 2021 and 31 March 2022|||
|Carrying
amount|||
|At 31 INarch 2022||1|
|At 31 March 2021||1|
##
|Investments||
|---|---|
||Listed|
||investments|
|Cost orvaluation||
|At 1 April 2021|548,807|
|Additions|82,132|
|Disposals|(170,336)|
|Fair value movements|10,643|
|At 31 March 2022|471,246|
|Impairment||
|At 1 April 2021 and 31 March 2022||
|Carrying
amount||
|At 31 March 2022|471,246|
|At 31 March 2021|848,807|
##
##
##
##
|Yea|r ended 3|1|March||2022||||||
|---|---|---|---|---|---|---|---|---|---|---|
|16.|Debtors||||||||||
||||||||||2022|2021|
||Other debtors||||||||364|501|
|17.|Creditors: amounts|||falling due||within one|year||||
||||||||||2022|2021|
||Accruals and||deferred||income||||12,961|12,744|
|16.|Analysis of|charitable|||funds||||||
||Unrestricted||funds||||||||
||||||At||||Gains and|Ai|
||||1|Apr 2021||Income|Expenditure|Transfers|losses 31|Mar 2022|
||||||||F|f.|||
||General funds||||273,818|22,148|(117,736)|||17$,230|
||Fair value reserve||||226,474||||10,642|237,116|
||Designated|Fund|||||||||
||-The Sue||||||||||
||Knussen||||||||||
||Composers|Fund|||70,794||(6,081)|||64,713|
||||||571,086|22,148|(123,817)||10,642|480,069|
||||||At||||Gains and|At|
||||1|Apr 2020||Income|Expenditure|Transfers|losses 31|Mar 2021|
|||||||E|K|F|E|E|
||General funds||||372,259|28,119|(119,060)|(7,500)||273,818|
||Fair value reserve||||98,162||||128,312|226,474|
||Designated|Fund|||||||||
||-The Sue||||||||||
||Knussen||||||||||
||Composers|Fund|||63,294|||7,500||70,794|
||||||533,715|28,119|(119,060)||128,312|571,086|
##
##
##
##
##
##
|ended 31 March 2022
Analysis ofnet assets between funds|||
|---|---|---|
||Unrestricted|Total Funds|
||Funds|2022|
|Intangible assets|1|1|
|Investments|471,246|471,246|
|Current assets|21,773|21,773|
|Creditors less than 1 year|(12,961)|(12,961)|
|Net assets|480,050|400,050|
||Unrestricted|Total Funds|
||Funds|2021|
|Intangible assets|1|1|
|Investments|548,807|548,807|
|Current assets|35,022|35,022|
|Creditors less than 1 year|(12,744)|(12,744)|
|Net assets|571,086|571,006|
##
|20.|Financial instrument|s|s|s|s|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||The carrying
amount|for each category offinancial||||instrument|is as follows|||||
||||||||||2022|2021||
||||||||||||E|
||Financial assets measured|||at fair value through||income|and expenditure|||||
||Financial assets measured||at fair value through||income and|||||||
||expenditure|||||||471,246||548,807||
|21.|Analysis ofchanges|in net||debt||||||||
|||||||||||At||
|||||||At 1 Apr 2021||Cash|flows|31 Mar|2022|
||Cash at bank and in|hand|||||34,521|(13,112)||21,409||