2021-09-30-accounts - The Ashley Family Foundation

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Company	registration	registration	1759854
Charity registration		number:	288099
Registered	office:		6Trull Farm Buildings
			Trull
			Tetbury
			Gloucestershire
			GL8 8SQ
Trustees:			Anita George (Chair)
			Jane Ashley
			Jeremy McIlroy (Chair ofthe Finance
			Emma Shuckburgh
			Professor Oriana Baddeley
			Alexis Ashley-Korner
			Julian Ashley
Secretary:			Alex Dufort
Bankers:			Coutts ik Co
			StMartins OfFice
			440 Strand
			London
			WC2R OQS
Auditor:			Buzzacott LLP,
			130Wood Street,
			London, ECZV 6DL
Investment	advisors:		Cazenove Capital Management
			31 Gresham Street
			London
			EC2V 7QA

				Unrestricted	Unrestricted
				Total 2021	Total 2020
Income and endowments		from:
Investments				255,333	303,199
Total				255,333	303,199
Expenditure on:
Charitable activities:				(684,800)	(785,232)
Total				(684,800)	(785,232)
Unrealised gains/(losses)		on investments		1,310,765	(170,282)
Realised gains/(losses)	on	disposal ofinvestments		584,705	350,578
Net gains/(losses) on investments				1,895,470	(520,860)
Net income (expenditure) being net movements			in funds	1,466,003	(1,002,893)
Reconciliation offunds
Fund balances brought	forward at 1 October			12,706,409	13,709,302
Fund balances carried	forward at 30September			14,172,412	12,706,409

				2021	2020
				K
Fixed assets
Investments				14,233,799	12,809,562
				14,233,799	12,809,562
Current assets
Debtors
Cash at bank	and in	hand		96,434	60,312
Total current	assets			96,434	60,312
Creditors: amounts		falling due within	one year	131,321	142,865
Net current	IiabQities			34,887	82,553
Creditors: amounts		falling due after more than one year		(26,500)	(20,600)
Total assets	less liabilities			14 172,412	12,706,409
Income Funds
Unrestricted	General	Fund		14,172,412	12,706,409

1	Investment incom	e
					Unrestricted	Unrestricted
					Total 2021	Total 2020
	Dividends and income receivable from equity shares				255,333	301,929
					255,333	301,929
2	Charitable expenditure
					Unrestricted	Unrestricted
					Total 2021	Total 2020
	Direct Costs
	Grants made
	Grants made during		the year (note	3)	531,002	613,297
	Support Costs
	Hank charges				591	539
	Insurance				1,793	1,546
	Telephone					500
	Sundry expenses				881	666
	Stationery, packing		and advertising			2,444
	Travel and subsistence					2,070
	Grant assessment	costs (Wales)			35,518	41,369
	Grant assessment	costs (other)			11,732	16,291
	Administration fees		(Trusi. Partnership)		28,436	34,305
	Other professional	fees			6,Z55	2,572
					85,206	10Z,302
	Governance costs
	Audit fees				8,250	8,040
	Fund Management		costs
	Gazenove Capital	fund management		fees	60,342	61,593
	Total expensditure				684 800	785 232

Grants
					Unrestricted		Unrestricted
					Total	2021	Total	2020
Grants accrued at 1 October						137,056		209,5G7
Grants made during the year: Grants pa!el in thc year					531,002 ~545)84). G13,297 ~885,858)
Grants accrued at 30 Septentber						127,334		137,056
There were no grants made	to individuals	in the year to 30September		ZOZI
(Year to 30Se tember ZOZO	also ENil).	The grants made to institutions		were	the following.
					2021		2020
Beneficiary		Memo			K
Abram Wilson Foundation for Creative Arts		Single	Grant					5,000
Activate Performing Arts		Single	Grant			3.120
Age Well Hwyliog Mon		Single	Grant					2,000
Almeida Theatre		Single	Grant					9,000
Anthony Seddon Fund		Year	1 of 2					4 597
Anthony Seddon Fund		Year 2of2						4,597
Apollo Music Projects (Eng)		Single	Grant			5,0DO
Art + Science (Cwm)		Year 1 of2						8,750
Arts Connection - Cyswyli Celf		Single	Grant			7,750
Arts Together		Single	Grant					4 9983
Avant Cymru (Legally Avant Theatre CIC)		Single	Grant					8,300
Bath Mind		Single	Grant.					6,000
Berlioa Society The		Single	Grant					1,000
Berwick (Sussex) Conservation	Trust	Single	Grant			Z,OOD
Beyond the Border Storytelling	Festival	Single	Grant			5.50D
Big Skill CIC, the		Single	Grant			8,122
Bigg)er Pictures		Single	Grant			1,500
Bike to the Fuiure		Year 1 of 2						5,000
Bike ta the I'uture		Year 2 of2						5,000
Black Mountains Chamber Music Trust		Single	Grant			2,000
Black Mountains College Ltd.		Single Grant				15,000
Borough Welsh Chapel		Single	Grant					1,500
British Red Cross		Single	Grant			20,200
Burngate Stone Carving Centre		Single	Grant					2,500
Bush Theatre		Single	Grani					10,000
Cae Tan CSA		Single	Grant			5,500
Caernarfon Ar!ist Regional Network Ltd.		Year 2 of2						4,520
Caernarfon Artist Regional Network Ltd.		Year 1 ol'2						5.000
Caersws Agricultural Show		Single	Grant					984
CARAD		Single	grant			8,000
Camo Community Council		Year	1of5					3,000
Carne Cammunlty Council		Year 2 of 5						3,000
Camo Conm)unity Council		Year 3of5						3,000
Camo Community Council		Year 4 of 5						3,000
Camo Communiiy Council		Year 5 of 5						3,000
Carousel Project		Single	Grant					4,993
Calf-Able Limited		Single	Grant			10,000
Centrepoint Soho		Single	Grant					1,500
Cerebra (Cwm)		Single	Grant			3500
Ceredigion Museum Friends of		Year	1of3					1,GOO
Ceredigion Museum Friends of		Year 2 of3						1,600
Ceredigion Museum Friends of		Year 3of3						1,600
Chapter (Card!f0 Ltd.		Single	Grant			5,000
Chepstow Festival ofArts		Single	Grani			2.800
Children's Book ProJect		Single	Grant					1,500
Chlneke! Foundation		Single	Grant					4,000
Chloe's Conununity Cupboard		Singe Grant				10,000
City and Guilds		Single	grant			10,000
City ol' London Slnfonia		Single	Grant.			10,000
Clywedog Community Association		Single	Grant					2,000
Colchester Gateway Clubs		Single	Grani.					5,000
Conununity Heart Productions		Single	Grant					9,010
Copper Men's Shed		Single	Grant					1,500

Core Arts				Single Grant			7.969
Cornwall Hugs				Single Grant			5,347
Cowshed The				Single Grant			9,000
Create (Arts) I.imltcd				Single Grant			10,078
Create at Greenspace				Single Grant			9,800
Create Play Cammuniiy	Company			Single Grant			10.000
Crisis UK				Single Grant			10,000
Cwmni Cymunedol Cletwr				Single Grant
Cygnor Powys CAB				Single Grant			23,884
Dal Dy Dir				Single Grant		9,830
DPJ Foundation				Year 1 of2			4.000
DPJ Foundation				Year 2 of2			4,140
Dressability				Single Grant		900
Dyp Land Share				Year 3of3 (Balance)			I
Fastcott Community organization				Single Grant			4 500
Far Flung Dance Theatre				Single Grant			4 975
FareShare				Single Grant			10.000
Farmers (Welsh Lavender)				Single Grant			1,500
Parms For City Cltildren				Single Grant			9,750
Fashion Enter				Single Grant		10,000
I'riends afYsgol Trel'onnen		(Cwm)		Single Grant		2.000
Garage Trust Ltd.				Single Grani			1,414
Green Man Trust				Year 1of 2		10,000
Green Man Trust				Year 2of 2		10,000
Grwp Cymuncdal				Single Grant			1 500
Gwyl Beaumaris Festival				Single Grant			1,500
Gwyl Ccrdd Dent Bro Nansi				Single Grant		8,000
Harbour Project (Swin&lon Refugee Asylunt)				Single Grant		4,134
Hay Castle Trust				Single Grant			1,500
Hay Castle Trust				Single Grant			8,000
Homemakers Community Recycling (Cwm)				Single Grant		2.000
Imagine IfTheatre Company			(Eng)	Single Grant		7,460
Impelo (formerly Powys	Dance)			Single Grant			10,000
Independent Pilm Trust				Single Grant		10.000
Internaiional Music Exchange				Sinkde Grant			1,200
International Music Exchange				Commitment	reduced	(500)
I&eynsham &District Mencap			Society	Single Grant			2.000
Kirkgate Arts				Single Grant		7,346
Llamau				Single Grant			4,650
I.lanfarnam Arts Centre				Single Grant			9,250
Llanrumney Hall Community			Trust	Single Grant		9,800
Llanyre Communhy Centre				Single Grant		2,000
Langmea&l Community	Farm			Yoar Iof3			10,000
Longmead Conmtunity	Perm			Year 2 of3			10,000
Longmead Community	Parm			Year 3af3			10,000
Manchester (MCR) Cares Ltd.				Year I of2		5,000
Manchester (MCR) Cares Ltd.				Year 2 of?.		5,000
Manchester Collective				Single Grant			4,800
Menter laith Rhondda Cynon			Tai'	Single Grant		8,200
Marched y Wawr				Single Grant		G,GPO
Mid Wales Opera				Single Grani.			15,000
Montgomeryshire Youth	Theatre			Single Grant			5,000
Music Illuminated				Single Grant			2,000
Music Masters				Single Grant		3,000
Music ofLife Foundation				Single Grant		10,000
Musical Connections (Eng)				Year 1 of2		5,000
Musical Connections (Fng)				Year 2of2		&rbppp
Musicfest Aberystwyth				Single Grant		3,900
National Eisteddfod ofWales				Single Grant		5,000
National Literacy Trust				Single Grant		5,000
National Museutu ofWales				Single Grani		8,240
National Student Drama	Festival I.td.			Year I of3		5 ppp
National Student Dranm	Festival I td.			Year? of3		5,000
National Student Dftlllla	Festival I.td.			Year 3of3		5,000
National Youth Aris Trust.				Single Grant		5,000
National Youth Orchestra ol'		Great Britain		Single Grant		8,000
Nelson Tmst Thc				Single Grant.			10.000
Nerth dy Ben				Single Grant		5,500
Noah's Ark Chihlren's Clta&1ty				Commitment	reduced	(2,666)	G,200

Oasis Cardiff				Single	grant	9,500
Oasis Cardiff				Singie	grant
Open Up Music				Single	Grani	10,000
Operasonlc Cyf (I td.)				Single	Grant		7,000
Outside Edge Theatre Co (Eng)				Single	Grant	5,000
Outside 1 ives Ltd.				Single	Grant	10,000
Ovacome				Single	Grant		5,000
Peniabus Theatre				Single	Grant	5,000
Penybont ik District				Single	Grant		1,224
Philarmonia Chorus				Single	Grant		5 000
Photographers' Gallery				Single	Grant	5,000
Pinkspiraiion				Single	Grant		10,000
Playground Theatre Company				Single	Grant	1,500
Plymouth Music Zone				Single	Grani		8,180
Polka Children's Theatre	(Eng)			Single	Grani	5,000
Ponthafren Association				Year 2 oi'2			21,577
Portobello Ra&lio CIC				Single	Grant		1,500
Pride in Pill						1,500
Quiltcfs GUild				Single	Grant		3,340
Radiate Arts CIC (Cwm)				Single	Grant	G,940
Repair trz Share CIC				Single	Grant	7,838
Rlc Nic				Single	Grani	1,500
Royal Agricultural Benevolent Institute				Smgle	Grant		7,000
Royal College of Art				Year 1 oi'2		11,250
Royal College ofArt				Year 2 of2		11.250
Royal College ofMus!c				Single	Grant		8,500
Rule ofThrees Arts				Single	Grant	4,000
SPinter Youth Project				Single	Grant		1,000
Seven Sisters Comm				Single	Grant	1,000
Shakespeare Link				Single	Grant	G,GG4
Shelter				Single	Grant		20,520
Sherman Cymru				Single	Grant		5,000
Siblings Together				Single	Grant		7,000
Sidney Nolan Tmsi.				Single	Grant	7.497
Sinfonietta Productions Ltd.				Single	Grant		5,000
Size ofWales				Single	Grant		1 500
Skate Cardiff Spit gr Sawdust				Single	Grant		425
Small World Theatre				Single	Grant		10.000
Snowdonla Slate Trail				Single	Grant	1,000
South Molten Sarnba				Single	Grant	900
SPAB				Year	1 of3	10,000
SPAB				Year 2 of3		11,500
SPAB				Year 3of3		12,500
SparkedEcho CIC				Single	Grant	4,900
St.john the Baptist Church		Wales		Single	Grant	5,000
Starts Atts &Environment		Centre		Single	Grani		G,OOO
Strata Florida Trust (Cwm)				Single	Grani.	10,000
Swansea Music Art Digital				Single	Grant	500
Taking Flight Theatre Contpany				Single	Grant		8,080
Tall Ships Youth Trust				Single	Grant	3,350
Tawe Guild ofWeavers,	Spinners 8Dyers			Year	1 of I		3,370
Time to Shine CIC				Single	Grant		1,000
Tir Cocci				Year	I of2		5,000
Tir Coed				Year Z of2			5,000
TOGs Centre				Single	Grant		2.400
Trinity Contntunity Arts	Ltd.			Single	Grant		5,000
University ofthe Arts - Chelsea				Single	Grant	15,000
US Charitable Tmst				Single	Grant		5 000
Voluntary Arts Network				Single	Grant		10,000
Wales Covid Resilience Fund				Single	Grani		20,000
Waun-Capel Rem cation Grountl				Single Grant			2,250
Welshpool Poeuy Festival				Single	Grant		1,500
Whitchurch Silk Mill Tmst				Single	Grant		3,000
Wilderness Trust				Single Grant			1,500
Women's Centre				Single	Grant		9GO
Wyldwood Arts (Eng)				Single	Grant	i.0,000
Wyndham Vowles Comntunity				Single	Grant	550
Young Classical Artists' Trust				Single	Grant		5,000
Young Music Makers of	Dyfetl			Single	Grant		8,000
Young Urban Arts Foundation			(Eng)	Single	Grant.	6.427
Total						53L002	61$,287

			R		K
4	Governance	costs	Unrestricted		Unrestricted
			Total	2021	Total	2020
	Audit Fees			8,250		8,040
				8,250		8,040

6.1	Fixed asset investments
									Shares and	Cash	Total
									securities
	Market valuation
	At 1 October 2020								12,650,699	158,863	12,809,562
	Additions								10,464,788		10,464,788
	Disposals								(11,060,297)	124,276	(10,936,021)
	Realised gains on disposal								584,705		584,705
	Unrealised gains								1,310,765		1,310,765
	At 30September 2021								13,950,660	283,139	14,233,799
	Cost
	At 1 October 2020								10,520„191	158,863	10,679,054
	At 30September 2021								11,665,138	283,139	11,948,277
	The analysis ofinvestments			is as
	follows;
	Assets held in UK (39.4%)									5,612,206
	Assets outside UK (60.6%)									8,621,593
	Total									14,233,799
	Equities									6,833.756
	Bonds									635,562
	Alternatives									2,080,453
	Multi-Asset Funds (including				RMAF* fund)					4,400,889
	Cash									283,139
	Total									14,233,799
	The following investments		ofthe Charity amounted					to 5% (E71L690)or more of
	the total value ofthe net		assets		of the scheme		at 30September 2021
	Fund name and type
	Cazenove Cazenove Charity		Responsible			Multi-Asset		Global		4,144,477	29/'
	Multi-Asset Fund
	Vanguard SgP 500 UCITS ETF, Shs					Equities		North	America	976,977	7%
	Ptg. Exchange Traded Fund			USD, GBP
	line, Vanguard Funds PLC, B7NLLS3
	Charities Property Fund, Units,			0208075		Alternatives		Property		895070	6%
										6,016,524	42%
6.2	Reconciliation ofaccumulated unrealised						gains
	Unretdtsed gains included	above:
	On investtnent assets									2,285,523
	Reconctltatton ofmovement		in
	unrealised gains on investment			assets
	Unrealised gains b/f									2,130,508
	Less in respect ofdisposals									(1,155,749)
										974,759
	Gains arising on Revaluation		in the Year							1,310,765
	Unrealised Gains at 30September				2021					2,285,523

				2021	2020
				K
Grants Payable				100,834	116,456
Accruals	(see note below)			30,487	26,409
				131,321	142,865
Accruals
Provision	for audit fees			8,250	7,980
Provision	for Accountant's		fees	7,598	2,900
Fund managers'		fees		14,639	15,529
				30,487	26,409
Creditors: falling due after more than one year
				2021	2Q20
Grants payable				26,500	20,600