| Board Of | Governors | Governors | Jonathan Rix |
- Chairman | - Chairman | - Chairman | |
|---|---|---|---|---|---|---|---|
| Fred Heddell CBE - | Secretary | ||||||
| Barrie Davis | |||||||
| Suzanne Mardiott |
|||||||
| Andy Minnion |
MBE | ||||||
| Bob Rothenberg | MBE - Treasurer | ||||||
| Simon Fox | |||||||
| Rory Kinnear | |||||||
| Charity number | 285368 | ||||||
| Company | number | 01638962 | |||||
| Principal address | 15/16 Springfield | ||||||
| Dundee | |||||||
| DD1 4JE | |||||||
| Registered | office | c/o Blick Rothenberg | Ltd. | ||||
| 16Great Queen | Street | ||||||
| Covent Garden | |||||||
| London | |||||||
| WC2B 5AH | |||||||
| Independent | examiner | Murray Dalgety |
|||||
| For and on behalf of | |||||||
| Bird Simpson | &Co. | ||||||
| 144 Nethergate | |||||||
| Dundee | |||||||
| DD1 4EB | |||||||
| Bankers | CAF Bank Ltd | ||||||
| Kings Hill |
|||||||
| West Mailing | |||||||
| Kent | |||||||
| ME194JQ | |||||||
| Solicitors | Portrait Solicitors | ||||||
| 21 Whitefdiars | Street | ||||||
| London | |||||||
| EC4 8JJ | |||||||
| Investment | advisors | Rathbone Investment |
Management | Limited | |||
| Port of Liverpool | Building | ||||||
| Pier Head | |||||||
| Liverpool | |||||||
| L3 1NW |
| Page | ||
|---|---|---|
| Board Of Governors | report | 1-3 |
| Independent examiner's report |
||
| Statement offinancial |
activities | |
| Balance sheet | ||
| Statement ofcash flows |
||
| Notes to the financial | statements | 8-15 |
| Unrestricted | Unrestricted | Total | Unrestricted | Unrestricted | Total | ||||
|---|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||||
| general | designated | general | designated | ||||||
| Notes | 2021 f |
2021 f |
2020 f |
2020 f |
2020f | ||||
| Income from: | |||||||||
| Donations and legacies |
3 | 3,650 | 70,000 | 73,650 | 4,351 | 100,000 | 104,351 | ||
| Investments | 4 | 52,018 | 52,018 | 42,916 | 42,916 | ||||
| Total income | 55,668 | 70,000 | 125,668 | 47,267 | 100,000 | 147,267 | |||
| ~Edht | |||||||||
| Raising funds | 5 | 12,398 | 12,398 | 11,200 | 11,200 | ||||
| Charitable activities |
6 | 99,134 | 70,000 | 169,134 | 36,110 | 100,000 | 136,110 | ||
| Total resources | expended | 111,532 | 70,000 | 181,532 | 47,310 | 100,000 | 147,310 | ||
| Net gains/(losses) | on | ||||||||
| investments | 11 | 165,088 | 165,088 | (33,545) | (33,545) | ||||
| Net movement | in | funds | 109,224 | 109,224 | (33,588) | (33,588) | |||
| Fund balances at 1 January | |||||||||
| 2021 | 1,686,324 | 1,686,324 | 1,719,912 | 1,719,912 | |||||
| Fund balances | at | 31 | |||||||
| December 2021 | 1,795,548 | 1,795,548 | 1,686,324 | 1,686,324 |
| 2021 | 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Notes | f | f | |||||||
| Fixed assets | |||||||||
| Investments | 12 | 1,718,353 | 1,544,611 | ||||||
| Current assets | |||||||||
| Cash at bank | and | in | hand | 182,634 | 264,076 | ||||
| Creditors: amounts | falling due within | ||||||||
| one year | 14 | (105,439) | (122,363) | ||||||
| Net current assets | 77,195 | 141,713 | |||||||
| Total assets | less | current | liabilities | 1,795,548 | 1,686,324 | ||||
| Income funds | |||||||||
| Unrestricted | funds | 1,795,548 | 1,686,324 | ||||||
| 1,795,548 | 1,686,324 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | f | 6 | |||||
| Cash flows from operating | activities | ||||||
| Cash absorbed by operations |
16 | (124,806) | (7,574) | ||||
| Investing activities |
|||||||
| Purchase of investments | (377,586) | (423,373) | |||||
| Proceeds on disposal of investments | 368,932 | 443,132 | |||||
| Income from listed investments | 52,018 | 42,916 | |||||
| Net cash generated from investing |
|||||||
| activities | 43,364 | 62,675 | |||||
| Net cash used in financing | activities | ||||||
| Net (decrease)/increase in |
cash and | cash | |||||
| equivalents | (81,442) | 55,101 | |||||
| Cash and cash equivalents | at | beginning | ofyear | 264,076 | 208,975 | ||
| Cash and cash equivalents | at end of | year | 182,634 | 254,076 |
| Unrestricted | Unrestricted | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| funds | funds | 2021 | 2020 | ||||
| general f |
designated F |
||||||
| Donations | and gifts | 3,650 | 70,000 | 73,650 | 104,351 | ||
| Donations | and gifts | ||||||
| Other | 3,650 | 70,000 | 73,650 | 104,351 | |||
| 3,650 | 70,000 | 73,650 | 104,351 | ||||
| 4 | Investments | ||||||
| 2021 | 2020 | ||||||
| Income from listed investments | 52,018 | 42,916 | |||||
| 5 | Raising funds | ||||||
| 2021 | 2020 | ||||||
| nvestment | mana | n | 12,398 | 11,200 | |||
| 12,398 | 11,200 |
| Total 6 |
2020f | ||||
|---|---|---|---|---|---|
| Grant | funding | ofactivities (see note 7) | 157,305 | 124,773 | |
| Share | ofgovernance | costs (see note 8) | 11,829 | 11,337 | |
| 169,134 | 136,110 |
| Charitable | 2020 | |||
|---|---|---|---|---|
| activitiesf | ||||
| Grants to institutions: | ||||
| Ark@Egwood CIC |
5,000 | |||
| Birmingham Royal |
Ballet | 4,000 | ||
| Breakthrough | 5,000 | |||
| The Community Hub London |
3,000 | |||
| Conwy Connect | 6,700 | |||
| Create | 4,000 | |||
| Discover Children's | Story Centre | 5,000 | ||
| Diverse Abilities | 5,000 | |||
| Museum of London |
6,500 | |||
| Shallal Dance Theatre | 4,950 | |||
| Music of Life | 3,500 | |||
| AWF (All Wales Forum) | 6,500 | |||
| West Berkshire Mencap | 6,000 | |||
| Arts Depot | 5,000 | |||
| Oxford Family Support | Network | 6,350 | ||
| RIXResearch and | Media | 14,000 | ||
| London Symphony | Orchestra | 7,000 | ||
| Plymouth Highbury |
Trust | 6,000 | ||
| Mousetrap Theatre |
3,106 | |||
| SASBAH | 7,000 | |||
| Friends ofThomas | Wolsey School | 5,269 | ||
| Accessible Arts & | Media | 5,000 | ||
| Shadowlights Artists |
4,250 | |||
| Welsh National Opera |
4,000 | |||
| SCIE(Social Care | Institute for Excellence) | 5,387 | ||
| GL11 Community | Hub | 6,936 | ||
| WAVE | 6,900 | |||
| 2020 Grants (20 grants) | 123,753 | |||
| 151,348 | 123,753 | |||
| Grants to individuals | 5,957 | 1,020 | ||
| 157,305 | 124,773 |
| Support | Governance | 2021 | 2020 | ||||
|---|---|---|---|---|---|---|---|
| costs | costs | ||||||
| f | f | ||||||
| Administration | Costs | 7,869 | 7,869 | 7,537 | |||
| Independent | examiner's | fees | 3,294 | 3,294 | 3,264 | ||
| General expenses | 170 | 170 | 60 | ||||
| Insurance | 496 | 496 | 476 | ||||
| 11,829 | 11,829 | 11,337 | |||||
| Analysed | between | ||||||
| Charitable | activities | 11,829 | 11,829 | 11,337 |
| Unrestricted | Total | |||
|---|---|---|---|---|
| funds | ||||
| general | ||||
| 2021f | 2020 6 |
|||
| Revaluation | of | investments | 153,856 | 15,874 |
| Gain/(loss) | on | sale ofinvestments | 11,232 | (49,419) |
| 165,088 | (33,545) |
| Fixed asset investments | |
|---|---|
| Listed | |
| Investments | |
| Cost or valuation | |
| At 31 December 2020 | 1,544,611 |
| Additions | 377,586 |
| Valuation changes |
153,856 |
| Disposals | (357,700) |
| At 31 December 2021 | 1,718,353 |
| Carrying amount |
|
| At 31 December 2021 | 1,718,353 |
| At 31 December 2020 | 1,544,611 |
| 13 | Financial | instruments | 2021 | 2020f | |||
|---|---|---|---|---|---|---|---|
| Carrying | amount of | financial assets | |||||
| Instruments | measured | at fair value through | profit or loss | 1,718,353 | 1,544,611 | ||
| 14 | Creditors: | amounts | falling due within one year | ||||
| 2021f | 2020 F |
||||||
| Other creditors | 105,439 | 122,363 |
| Donations | Received | |||
|---|---|---|---|---|
| 2021 | 2020 | |||
| 6 | ||||
| Other | related | parties | 70,000 | 100,000 |
| 70,000 | 100,000 |
| 16 | Cash generated from |
operations | operations | 2021f | 2020f |
|---|---|---|---|---|---|
| Surplus/(deficit) for the |
year | 109,224 | (33,588) | ||
| Adjustments for: |
|||||
| Investment income recognised |
in profit or loss | (52,018) | (42,916) | ||
| (Gain)/loss on disposal |
ofinvestments | (11,232) | 49,419 | ||
| Fair value gains and losses on | investments | (153,856) | (15,874) | ||
| Movements in working |
capital: | ||||
| (Decrease)/increase in |
creditors | (16,924) | 35,385 | ||
| Cash absorbed by operations |
(124,806) | (7,574) | |||
| 17 | Analysis ofchanges | in net funds | |||
| The Foundation had no debt during the year. |