##
##
##
##
##
|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.|||||