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|Annual<br>Report ofthe Trustees|1-6|
|Report ofthe Independent<br>Examiner||
|Statement<br>of Financial<br>Activities||
|Balance Sheet||
|Notes to the Financial Statements|10 - 14|
|Schedule of Investments<br>8 Income|15-16|





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|REFEREN|CE AND ADMI|CE AND ADMI|NISTRATIVE|DETAILS||
|---|---|---|---|---|---|
|UK Charity|Registration||Number:|289196||
|Registered|Office:|||Britwell Priors, Longparish,<br>Nr. Andover<br>Hampshire<br>SP116QR||
|Trustees:||||Lady Rosemary<br>Violet Tennant<br>(Chairperson)<br>Christopher<br>Sebastian Tennant||
|Independent||Examiner:||Christopher J Hawley<br>FCA<br>Rawlinson<br>8<br>Hunter<br>LLP,<br>Eighth<br>Floor, 6 New|Street|
|||||Square,<br>London EC4A 3AQ||
|Accountants:||||Rawlinson<br>& Hunter<br>LLP<br>Eighth Floor, 6 New Street Square, London EC4A|3AQ|
|Investment|Manager and Custodian:|||SG Kleinwort<br>Hambros<br>8St James's Square, London SW1Y4JU||
|Principal|Bankers:|||Bank of Scotland,<br>London Chief Office (120103)<br>33Old Broad Street, London BX21LB||
|Solicitors:||||Boodle Hatfield<br>LLP<br>240 Blackfriars Road, London SE1 8NW||
|HM Revenue||& Customs:||HMRC Charities<br>Self Assessment<br>ref —7574375239||
|||||Repayment<br>claims ref- EW20153||



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|||||Unrestricted|Expendable|Total|Total|
|---|---|---|---|---|---|---|---|
||||Note|Fund|Endowment|2020|2019|
|||||E|E|E|E|
|Income and endowments|from:|||||||
|Investments|||2|29,182||29,182|39,765|
|Total income and endowments||||29,182||29,182|39,765|
|Expenditure<br>on:||||||||
|Charitable<br>activities<br>Cost of raising funds|||3<br>5|50,430<br>12,698||50,430<br>12,698|38,210<br>13,010|
|Total expenditure||||63,128||63,128|51,220|
|Net (expenditure)<br>before|net|||||||
|gains/(losses)<br>on investment||assets||(33,946)||(33,946)|(11,455)|
|Net gains/(losses)<br>investment||assets|6||52,094|52,094|233,218|
|Net income/(expenditure)||||(33,946)|52,094|18,148|221,763|
|Transfers<br>between funds||||33,946|(33,946)|||
|Net movement<br>in funds|||||18,148|18,148|221,763|
|Reconciliation<br>offunds:||||||||
|Total funds brought<br>forward|at 1|January|2020||1,913,581|1,913,581|1,691,818|
|Total funds carried forward||||||||
|at 31 December 2020|||||E1,931,729|81,931,729|81,913,581|





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||AT 31|DECEMBER 2020|DECEMBER 2020|||
|---|---|---|---|---|---|
|||Note|2020||2019|
|Fixed Assets||||||
|Investments<br>at market value|||1,846,189||1,825,866|
|Current Assets||||||
|Cash deposits<br>held||7|94,210|96,600||
|Current<br>Liabilities||||||
|Creditors:<br>amounts|falling due within one|||||
|year||8|(8,670)|(8,885)||
|Net Current Assets|||85,540||87,715|
|Total Net Assets|||F1,931,729||E1,913,581|
|Charity Funds||||||
|Expendable<br>Endowment|||1,931,729||1,913,581|
|Unrestricted<br>Fund||||||
|Total Charity Funds|||E1,931,729||E1,913,581|





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||Going Concern||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||The financial statements<br>have been prepared<br>on a <br>no material<br>uncertainties<br>exist. The Trustees<br>have|going concern basis <br> considered<br>the level|||as <br> of|the Trustees believe that<br> funds<br>held and the level|||||
||of income and expenditure<br>12 months<br>from authorising<br>these financial<br>statements.<br>The <br>income and expenditure<br>is sufficient<br>with the level of reserves for the charity to be able|||||||anticipated<br> to continue|||
||as a going concern.||||||||||
||The<br>Covid-19<br>pandemic<br>has<br>created<br>significant|operational||and<br>financial|||pressures.|||Having|
||considered<br>the<br>contingency<br>plans<br>in place,<br>the support<br>to <br>Government<br>and having<br>reviewed<br>updated cashflow forecasts,|||businesses<br> the trustees||announced<br> consider the||by the<br>UK<br> adoption<br>of|||
||the going concern basis<br>in preparing<br>these financial|statements||continues||to be|appropriate.||||
|||||Page||2020||||2019|
||||||||E|||F|
|2.|INVESTMENT INCOME||||||||||
||Income from UK quoted equities<br>Income from foreign quoted<br>equities<br>Income from foreign quoted<br>unit trusts (interest)||||||16,599<br>10,058<br>3,269|||23,871<br>7,759<br>8,135|
|||||16|||29,926|||39,765|
||Less: overstated<br>income from UK quoted equities|in prior|year||||(744)||||
||Total investment<br>income|||8||E|29,182||E|39,765|
|3.|CHARITABLE ACTIVITIES||||||||||
||Analysis of charitable<br>grants made:||||||||||
||Glyndebourne<br>Productions<br>Limited<br>StGeorge's Hospital<br>National<br>Gallery Trust (George Beaumont<br>Group)<br>Help Musicians<br>UK (Coronavirus<br>Hardship<br>Fund)<br>Newbury<br>Festival Society Ltd<br>Royal Academy ofArts<br>St Nicholas'<br>Church,<br>Longparish<br>The Passage<br>University<br>ofSouthampton<br>(Coronavirus<br>Response<br>Alzheimer's<br>Research<br>UK|Fund)|||||10,000<br>5,000<br>2,500<br>2,000<br>2,000<br>2,000<br>2,000<br>2,000<br>2,000<br>1,000|||2,500<br>1,000<br>1,000<br>2,000<br>2,000<br>1,000<br>1,000|
||Canine Partners||||||1,000|||1,000|
||Cornbat Stress||||||1,000|||1,000|
||Countess of Brecknock Hospice Trust||||||1,000|||1,000|
||Countryside<br>Alliance<br>Foundation<br>Gurkha Welfare Trust||||||1,000<br>1,000|||1,000|
||Hampshire<br>Medical Fund<br>King Edward<br>Vll's Hospital<br>McNicol Ballet Collective||||||1,000<br>1,000<br>1,000|||1,000<br>1,000<br>1,000|





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|||Page||2020||2019|
|---|---|---|---|---|---|---|
|CHARITABLE ACTIVITIES (continued)||||E|||
|National<br>Horseracing<br>Museum<br>StJames' Church, Woodcott||||1,000<br>1,000||1,000<br>1,000|
|Racing Welfare<br>Wardour<br>Chapel Trust||||1,000<br>1,000||1,000|
|Whitchurch<br>Silk Mill||||1,000|||
|Longparish<br>Community<br>Association<br>Horatio's Garden<br>(Spinal<br>Injury Unit)||||||5,000<br>2,000|
|Salisbury<br>District Hospital's<br>Charity (Stars Appeal)<br>The Foundling<br>Museum<br>East Sussex Healthcare<br>NHS Trust (Pevensy<br>Unit Fund)||||||2,000<br>2,000<br>50|
|Total charitable<br>grants made||||43,500||31,550|
|Support costs (note 4)||12||600||600|
|Governance<br>costs (note 4)||12||6,330||6,060|
|Total charitable<br>activities||8|E|50,430|8|38,210|
|GOVERNANCE<br>AND SUPPORT COSTS|||||||
|Support costs:|||||||
|Secretarial<br>administration<br>(note 3)||12|E|600|8|600|
|Governance costs:|||||||
|Accountancy<br>fees|||||||
|-2020 accounts||||3,990|||
|-administration/compliance<br>-2019accounts (underprovision)<br>-2018accounts||||1,230<br>210||780<br>3,990<br>390|
|Total accountancy<br>fees||||5,430||5,160|
|Independent<br>examination<br>fees|||||||
|-2020 accounts<br>-2019accounts (overprovision)<br>-2018accounts (overprovision)||||1,080<br>(180)||1,080<br>(180)|
|Total governance<br>costs (note 3)||12|L|6,330|6|6,060|





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||||Page||2020||2019|
|---|---|---|---|---|---|---|---|
|5.|COST OF RAISING FUNDS||||||E|
||Investment<br>management<br>fees||||12,698||13,010|
||Total cost ofraising funds||8|E|12,698|F|13,010|
||FIXEDASSET INVESTMENTS|||||||
||Investments<br>at market value comprise:|||||||
||Quoted investments<br>within the United<br>Kingdom<br>Quoted investments<br>outside the United<br>Kingdom|||605,520<br>1,240,669||704,860<br>1,121,006||
||Total investment<br>assets||16|81,846,189||61,825,866||
||See pages 15 - 16for a complete<br>list of|the charity investments.||||||
||Quoted investments|||||||
||Market value at 1 January 2020<br>Additions<br>at book cost|||1,825,866<br>409,246||1,627,042<br>679,616||
||Sale proceeds<br>Net realised (losses)/gains<br>on disposals<br>Nel unrealised<br>(losses)/gains<br>on revaluation||16<br>16|(441,017)<br>(35,033)<br>87,127|||(714,010)<br>69,046<br>164,172|
||Market value at 31 December 2020||9|61,846,189||F1,825,866||
||Historical cost at 31 December 2020|||F1,580,137||F1,594,192||
||Net gains on investment<br>assets<br>Net realised gains/(losses)<br>on disposals<br>Net unrealised<br>gains/(losses)<br>on revaluation||||(35,033)<br>87,127||69,046<br>164,172|
||Total net (losses)/gains<br>on investment|assets|8|F|52,094|L'|233,218|
|7.|CASH DEPOSITS HELD|||||||
||Bank ofScotland - current account||||15,614||30,921|
||Kleinwort<br>Hambros|||||||
||capital account<br>income account||||73,381<br>5,215||60,513<br>5,166|
||||9|F|94,210|E 96,600||





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||||||||||Page|Page||2020|2020|2019<br>f|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|8.|CREDITORS - amounts|||falling due within one year|||||||||||
||Accountancy||fees|||||||||3,990||3,990|
||Investment|management||fees||||||||3,000||3,215|
||Independent||examiner fees|||||||||1,080||1,080|
||Administration||fees||||||||||600|600|
||||||||||9||6|8,670||E<br>8,885|
|||||Balance at||||||||||Balance at|
|||||1|January|||||Gains/|||Fund|31December|
|9.|FUND RECONCILIATION||||2020<br>E|Income<br>E|Expenditure<br>f||(losses)<br>E|||Transfers<br>E||2020<br>f|
||Unrestricted||Funds|||29,182||(63,128)|||||33,946||
||Expendable||endowment|1,913,581||||||52,094|||(33,946)|1,931,729|
||Total Funds|||f1,913,581 E||29,182|F|(63,128)|E|52,094||E|-|E1,931,729|
|10.|ANALYSIS|OF NET ASSETS|||BETWEEN|FUNDS|||||||||
||||||||Expendable||||Total|||Total|
||||||Unrestricted||Endowment||||2020|||2019|
|||||||||E|||K||||
||Investments|||||||1,846,189|||1,846,189||1,825,866||
||Cash|||||||94,210|||94,210|||96,600|
||Creditors<br>Total Funds|||||||(8,670)|||(8,670)|||(8,885)|
||||||||L1,931,729|||F1,931,729|||L'1,913,581||





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