2020-12-31-accounts

Reports
Legal and administrative information
Report ofthe trustees		2-6
Independent auditor's	report	7-9
Accounts
Statement offinancial	activities	10
Statement offinancial	position
Notes to the accounts		12-19

Reference	Reference	and administrative	and administrative	information
Patron				HRH The Prince of	Wales, KG
Trustees				John Fda Luz Camacho
				Alessandra Vinciguerra
				Caroline Howard
Registered		Office		89 Judd Street
				London
				WC1H 9NE
Charity	Registration		Number	289605
Auditors				TC Group
				76 New Cavendish	Street
				London
			W1G 9TB
Bankers			Charities Aid Foundation			Bank Limited
			25 Kings Hill Avenue
				Kings Hill
			West Mailing
			Kent
			ME194JQ

				2020	2019
				Unrestricted	Unrestricted
				Funds	Funds
			Notes	E	E
Income and endowments	from:
Donations and legacies				20,000	15,000
Investments				16,807	19,656
Other				908	1,371
Total income and endowments				37,715	36,027
~E» dit
Raising funds				(7,506)	(6,246)
Charitable activities				(15,476)	(17,200)
Total expenditure				(22,982)	(23,446)
Gains and losses on investments:
Unrealised gains/(losses)	on revaluation	of
Investments				23,093	56,424
Realised gains on sale of	investments			952	50,867
Net gains/(losses) on investments				24,045	107,291
Net income/(expenditure)	and
Net movement in funds				38,778	119,872
Reconciliation offunds:
Balances brought forward
At 1 January 2020				3,405,459	3,285,587
Balances carried forward
At 31 December 2020				3,444,237	3,405,459

			2020	2019
		Notes	K	E
Fixed assets
Tangible assets		10	2,455,680	2,455,680
Investments		11	957,151	927,835
			3,412,831	3,383,515
Current assets
Debtors due within one year		12	16,448	14,432
Cash at bank and in	hand		25,116	17,670
Creditors: Amounts	falling due
within one year		13	(10,158)	(10,158)
Net current assets			31,406	21,944
Total assets less current liabilities			3,444,237	3,405,459
Represented by:
Funds and reserves
Unrestricted funds			3,444,237	3,405,459

3.	Income from Investments	Income from Investments
			2020	2019
	Interest receivable		2,179	3,680
	Dividends		12,618	13,716
	Charities Property	Fund distributions	2,010	2,260
			16,807	19,656
4.	Other Income
			2020	2019
				E
	Royalty income		908	1,371
5.	Raising funds
			2020	2019
	Investment management costs		7,506	6,246
6.	Charitable activities
			2020	2019
			E	E
	Grants payable (see note 7)
	Support costs (see	note 8)	15,476	17,200
			15,476	17,200
7.	Grants payable

8.	Support costs	Support costs
			2020	2019
				E
	Artists, concerts and consultancy		198	198
	Governance	costs:
	Audit fees		7,968	7,968
	Accountancy	fees	1,992	1,992
	Legal fees
	Miscellaneous	expenses	5,783	6,447
	Exchange (gain)/loss		(465)	595
			15,476	17,200

ous exemptions available to registered c Tangible fixed assets	harities.
	Land at	Greek Theatre &
Land and buildings	Ischia	remedial work	Total
	E	E
Cost at 1 January 2020 &
31 December 2020	717,800	1,737,880	2,455,680
Depreciation at 1 January 2020 &
31 December 2020
Net book value at 1 January 2020 8
31 December 2020	717,800	1,737,880	2,455,680

								2020	2019
								E	E
	Listed investment			and cash held for		re-investment
	Listed investments
	Market value	at 1	January					889,582	788,844
	Additions at	cost						204,271	316,586
	Disposal							(185,735)	(272,272)
	Net unrealised investment				gain/(losses)			23,093	56,424
	Market value	at 31		December				931,211	889,582
	Cash held by investment				managers	for	re-investment	25,940	38,253
								957,151	927,835
	Cost of listed	investment			at 31 December			827,295	821,072
All	listed investments		were dealt on recognised				stock exchanges.	Listed investments	held at
31	December 2020 comprised				the following:
								2020	2019
								E
	UK equities							201,064	230,954
	Overseas equities							348,517	332,864
	Fixed interest							253,686	208,922
	Unit trusts							52,606	54,000
	UK property	funds
	Cash for re-investment							25,940	38,253
	Commodities							75,338	62,842
								957,151	927,835
12.	Debtors
								2020	2019
								8	E
	Due within one year
	Charity repayment			claim				10,853	10,854
	Accrued investment			income				572	572
	Dividends							5,023	3,006
								16,448	14,432

13.Creditors: amounts	falling due within one year
		2020	2019
		E	E
Accruals —audit &accountancy		10,158	10,158