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|Company|registration|registration|number:|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|
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|||||Note|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|
##
|||||Notes|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|
##
##
##