| Page | |||
|---|---|---|---|
| Trustees' Report |
3-13 | ||
| Independent Examiner's |
Report | 14 | |
| Accountants' Report |
15 | ||
| Statement of Financial |
Activities | ||
| Balance Sheet | 17 | ||
| Notes to the Accounts | 18-22 |
| Reference and Administrative | Reference and Administrative | Details | ||||
|---|---|---|---|---|---|---|
| Charity registration | number | 291535 | ||||
| Patron | Sir Kenneth Branag h |
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| President | Charles Weatherley Wall |
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| Past Presidents | Dame Ninette de Valois DBE | |||||
| Dame Alicia Markova DBE |
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| Vice Presidents | Sir Thomas Allen CBE |
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| Dame Merle Park DBE | ||||||
| Yevgeny Sudbin | ||||||
| Trustees | PendaBede Stally (Chairman) |
(alumnus | of RADA) | |||
| Elizabeth Susan Boyden (appointed |
5th | January 2020) | ||||
| Charles Weatherley Wall (retired 13th |
April 2021) | |||||
| Richard Milnes Mansfield |
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| Stephen Paul O'Hanlon |
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| Jane Alexandra Quin (Secretary) |
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| Secretary to the Trustees | Jane Quin &jane@thewalltrust. | org. uk& | ||||
| Contact Address | 71a Hiltingbury Road, |
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| Chandler's Ford, SO53 5NQ |
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| Registered Address | 112Barcombe Avenue | |||||
| London, SW2 3BA | ||||||
| Accountants | Kreston Reeves LLP, Second | Floor, | 168Shoreditch | High Street, | ||
| London, E1 6RA | ||||||
| Bankers | HSBC Bank pic, 8 Canada Square, | |||||
| London, E14 5HQ |
| UNRESTRICTED | RESTRICTED | TOTAL | TOTAL | |||||
|---|---|---|---|---|---|---|---|---|
| FUNDS | FUNDS | 2021 | 2020 | |||||
| Notes | f | |||||||
| Incoming resources | ||||||||
| Incoming resources from |
||||||||
| generated funds |
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| Voluntary income |
3.a | 31,250 | 31,250 | 12,500 | ||||
| Bursary income | 3.a | |||||||
| Investment income |
3.b | 343 | 343 | 538 | ||||
| Total incoming resources |
31,593 | 31,593 | 13,038 | |||||
| Resources Expended |
||||||||
| Costs of generating funds |
||||||||
| - Investment management |
||||||||
| costs | 4 | |||||||
| Charitable activities |
4,6 | 42,000 | 42,000 | 34,000 | ||||
| Governance costs |
4,5 | 4,312 | 4,312 | 3,795 | ||||
| Total resources expended |
46,312 | 46,312 | 37,795 | |||||
| Net incoming/(outgoing) | resources | (14,719) | (14,719) | (24, | 757) | |||
| Transfers between funds |
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| Other recognised gains/(losses) |
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| Gains and (losses) on investment | assets | 7 | 12,559 | 12,559 | (2,622) | |||
| resources after transfers |
(14,719) | (24, | 757) | |||||
| Realised and unrealised | ||||||||
| investment (losses)/gains |
||||||||
| Net movement in funds |
(2,160) | (2,160) | (27,379) | |||||
| Total funds brought forward |
113,879 | 1,000 | 114,879 | 142,258 | ||||
| Total funds carried forward | 10 | 111,719 | 1,000 | 112,719 | 114,879 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| Notes | ||||
| Fixed assets | ||||
| Tangible assets | ||||
| Investments | 102,207 | 110,530 | ||
| Total fixed assets | 102,207 | 110,530 | ||
| Current assets | ||||
| Cash at HSBC | 12,238 | 3,429 | ||
| Cash at Standard | Life | 31 | 99 | |
| Debtors | 163 | 2,741 | ||
| Total current assets | 12,432 | 6,269 | ||
| Creditors within one |
year | 1,920 | 1,920 | |
| Net current assets/(liabilities) | 10,512 | 4,349 | ||
| Net assets | 112,719 | 114,879 | ||
| Funds ofthe Charity | ||||
| General funds | 31,731 | 49,700 | ||
| Designated funds |
79,988 | 64,179 | ||
| Restricted capital funds |
1,000 | 1,000 | ||
| Tota I funds | 10 | 112,719 | 114,879 |
| ANALYSIS | OF INCOMING RESOURCES |
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|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| f. | |||||
| a) | Voluntary | Income | |||
| Donations | 25,000 | 12,500 | |||
| Gift aid reclaimed | 6,250 | ||||
| 31,250 | 12,500 | ||||
| b) | Investment | income | |||
| Dividends | and interest | 343 | 461 | ||
| Income tax recoverable | 77 | ||||
| 343 | 538 | ||||
| 31,593 | 13,038 |
| Costs directly attributabl | e to activities |
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|---|---|---|---|---|---|
| Charitable | Governance | Year ended | Year ended | ||
| Activities | costs | 31 July 2021 | 31July 2020 | ||
| E | |||||
| Scholarships | 42,000 | 42,000 | 34,000 | ||
| Support costs allocated | to activities | ||||
| Accountancy compliance |
fee | 2,280 | 2,280 | 2,154 | |
| Investment Management |
fee | 1,294 | 1,294 | 1,353 | |
| Solicitors' fee | 738 | 738 | 30 | ||
| General expenses | 258 | ||||
| 4,312 | 4,312 | 3,795 | |||
| Total resources expended | 42,000 | 4,312 | 46,312 | 37,795 |
| Names | ofinstitutions | Purpose | No. | 2021 | No. | 2020 | |
|---|---|---|---|---|---|---|---|
| E | |||||||
| Royal College of Music | Music Scholars | 4,000 | 4,000 | ||||
| Purcell | School | Music Scholars | 6,000 | 4,500 | |||
| 10,000 | 8,500 | ||||||
| Central | School of Ballet | Dance Scholars | 10,000 | 7,500 | |||
| London | Studio Centre | Musical Theatre | 10,000 | 9,000 | |||
| Scholars | |||||||
| 20,000 | 16,500 | ||||||
| Royal Academy of Dramatic | Art | Drama Scholars | 12,000 | 9,000 | |||
| Total grants made via institutions | 20 | 42,000 | 21 | 34,000 |
| VESTMENTS | ||||
|---|---|---|---|---|
| 2021 | 2020 | |||
| F | ||||
| Disposals at open market value | (21,225) | (19,101) | ||
| Additions at cost |
343 | 152 | ||
| Equalisation | ||||
| Net Gain/(Loss) | realised/unrealised | gains | 12,559 | 2,622 |
| Market Value at | 31 July 2021 | 102,207 | 110,530 | |
| Historical cost at | 31 July 2021 | 90,948 | 109,099 |
| Details of individual investmen values at 31 July 2020: |
ts | held | at 31 July 2 | 021 are shown below, |
along with the comparativ |
e market |
|---|---|---|---|---|---|---|
| Market Value | 2021 | 2020 | ||||
| F | ||||||
| Allianz Straight Bond C | 3,052 | 6,783 | ||||
| BlackRock European Absolute |
Alpha | D Acc | 6,726 | |||
| HSBC American Index CAcc |
9,545 | 6,600 | ||||
| HSBC European Index |
4,100 | 6,595 | ||||
| HSBC FTSE250 Index CAcc | 9,230 | |||||
| HSBC Japan Index C | 7,915 | 6,119 | ||||
| HSBC Pacific Index C | 4,940 | 6,638 | ||||
| iShares Emg MktsEqlndx (UK) |
8,594 | 6,763 | ||||
| JP Morgan Global Macro Opps |
C | 5,125 | 7,745 | |||
| Legal 8 General Global Health | & Pharmaceuticals | Index Trust | 6,358 | 5,404 | ||
| Legal & General Global Technology | Index Trust | 9,640 | 6,672 | |||
| M&G UK Inftn Lkd Corp Bd I |
Acc | 5,075 | ||||
| ML Capital PuGIAdEqUCITS | 10,315 | 15,649 | ||||
| ML Crbl Gemini Ucits AIP GBP |
3,051 | |||||
| Trojan XAcc | 5,579 | |||||
| TwntForAbRtn Cr N |
5,089 | |||||
| Royal London Short Dur Gilts | M lnc | 5,086 | ||||
| Vanguard UK Inv Grade Bond |
Index | 8,839 | ||||
| Vanguard Global Small-Cap |
Index | 5,091 | 8,856 | |||
| Vanguard US Equity Index |
5,564 | |||||
| 102,207 | 110,530 |
| 8 | DEBTORS | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||||||
| F | ||||||||||
| Income tax | 2017/18 | |||||||||
| 2018/19 | 163 | 164 | ||||||||
| 2019/20 | 2,577 | |||||||||
| 2020/21 | ||||||||||
| 163 | 2, | 741 | ||||||||
| 9 | CREDITORS: AMOUNTS | FALLING DUE WITHIN | ONE YEAR | |||||||
| 2021 | 2020 | |||||||||
| F | ||||||||||
| Accruals: | ||||||||||
| Accountancy | charges | 1,920 | '/, | 920 | ||||||
| 1,920 | 1,920 | |||||||||
| 10 | FUNDS | |||||||||
| General | Designated | Funds | ||||||||
| Unrestricted | Funds | Funds | Scholarship | Development | ||||||
| Reserve | Reserve | Total | ||||||||
| f | f. | f. | ||||||||
| At 31 July 2020 | 49,700 | 41,750 | 22,429 | 113,879 | ||||||
| Net (outgoing) | resources before | transfers | (14,719) | (14,719) | ||||||
| Transfer between | Funds | (3,250) | 3,250 | |||||||
| Gains/(Losses) | on | investments | held | 12,559 | 12,559 | |||||
| At 31 July 2021 | 31,731 | 45,000 | 34,988 | 111,719 |
| Restricted | Funds | Capital | |
| Fund | Total | ||
| At 31 July | 2020 and 31 July 2021 | 1,000 | 1,000 |