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2023-04-05-accounts
| Reports |
|
| Referenceandadministrativeinformation |
1 |
| Trustees'report |
2 |
| Independentauditor'sreport |
8 |
| Accounts |
|
| Statementoffinancialactivities |
12 |
| Balancesheet |
13 |
| Principalaccountingpolicies |
14 |
| Notestotheaccounts |
17 |
| Trustees |
GeorginaNaylerMBE(Chair) |
|
SirMatthewFarrerGCVO(died21May2023) |
|
DavidBonham-Carter |
|
ElizaBonham-Carter |
|
JessieGrimond |
| Principaloffice |
Chelwood |
|
RectoryRoad |
|
EastCarleton |
|
Norwich |
|
NR148HT |
| Administrator |
JennyCannonMVO |
| Charityregistrationnumber |
292839 |
| Auditor |
BuzzacottLLP |
|
130WoodStreet |
|
London |
|
EC2V6DL |
| Investmentmanagers |
CazenoveFundManagementLtd |
|
12Moorgate |
|
London |
|
EC2R6DA |
| Solicitors |
Farrer&Co |
|
66Lincoln'sInnFields |
|
London |
|
WC2A3LH |
| Bankers |
CAFBankLtd |
|
25KingsHillAvenue |
|
WestMailing |
|
Kent |
|
ME194JQ |
|
|
Unrestrictedfunds |
Unrestrictedfunds |
|
|
2023 |
2022 |
|
|
Total |
Total |
|
|
funds |
funds |
|
Notes |
£ |
£ |
| Incomefrom: |
|
|
|
| Investmentsandinterestreceivable |
1 |
173,495 |
164,421 |
| Totalincome |
|
173,495 |
164,421 |
| Expenditureon: |
|
|
|
| Raisingfunds |
|
|
|
| .Investmentmanagementcosts |
|
15,062 |
18,393 |
| Charitableactivities |
|
|
|
| .Promotingandenhancingcharitablework |
2 |
189,399 |
139,673 |
| Totalexpenditure |
|
204,461 |
158,066 |
| Net(expenditure)/incomebeforeinvestmentgainsand |
|
|
|
| losses |
|
(30,966) |
6,355 |
| (Losses)/gainsoninvestments |
7 |
|
|
| .Realised(losses)onlistedinvestments |
|
(17,527) |
(2,329) |
| .Unrealised(losses)/gainsonlistedinvestments |
|
(327,836) |
375,702 |
| Net(losses)/gainsonlistedinvestments |
|
(345,363) |
373,373 |
| Net(expenditure)/incomeandmovementinfunds |
|
(376,329) |
379,728 |
| Fundbalancesbroughtforward |
|
|
|
| at6April |
|
6,569,109 |
6,189,381 |
| Fundbalancescarriedforward |
|
|
|
| at5April |
|
6,192,780 |
6,569,109 |
|
|
2023 |
2023 |
2022 |
2022 |
|
Notes |
£ |
£ |
£ |
£ |
| Fixedassets |
|
|
|
|
|
| Listedinvestments |
7 |
|
5,900,581 |
|
6,318,082 |
| Currentassets |
|
|
|
|
|
| Cashatbank |
|
149,032 |
|
202,684 |
|
| Cashheldbyinvestmentmanagers |
|
158,416 |
|
67,630 |
|
|
|
307,448 |
|
270,314 |
|
| Creditors:amountsfallingdue |
|
|
|
|
|
| withinoneyear |
8 |
(15,249) |
|
(19,287) |
|
| Netcurrentassets |
|
|
292,199 |
|
251,027 |
| Totalnetassets |
|
|
6,192,780 |
|
6,569,109 |
| Thefundsofthecharity: |
|
|
|
|
|
| Incomefunds |
|
|
|
|
|
| .Unrestrictedfunds |
|
|
6,192,780 |
|
6,569,109 |
| Investmentincomeandinterestreceivable |
|
|
|
2023 |
2022 |
|
Total |
Total |
|
funds |
funds |
|
£ |
£ |
| Incomefromlistedinvestments |
|
|
| .UKequities |
19,978 |
26,336 |
| .Internationalequities |
17,915 |
7,776 |
| .UKGovernmentbonds |
— |
303 |
| .UKproperty |
10,199 |
9,961 |
| .Unitisedfunds |
116,367 |
111,389 |
| .Otherinvestmentholdings |
5,866 |
8,634 |
|
170,325 |
164,399 |
| Interestreceivable |
|
|
| .Bankinterest |
|
22 |
| .CazenoveFundManagement |
3,170 |
|
|
3,170 |
22 |
| Total |
173,495 |
164,421 |
|
2023 |
2022 |
|
Total |
Total |
|
funds |
funds |
|
£ |
£ |
| Grantspayabletoinstitutions(note3) |
172,974 |
125,782 |
| Grantandcharityadministrationcosts |
9,225 |
8,263 |
| Governancecosts(note4) |
7,200 |
5,628 |
|
189,399 |
139,673 |
| Grantspayabletoinstitutionsduringtheyearcomprisedthefo |
llowing: |
|
|
2023 |
2022 |
| Recipient |
|
|
| AnnaPlowdenTrust |
3,000 |
— |
| AshmoleanMuseum |
4,500 |
4,500 |
| BaronsCourtProject |
5,000 |
3,000 |
| Basingstoke&AltonCardiacRehabilitationCharity |
2,000 |
— |
| BereavementCounsellingCharity |
924 |
— |
| BirminghamRoyalBallet |
— |
1,000 |
| BrendoncareClubs |
— |
3,000 |
| TheBritishMuseum |
4,500 |
6,000 |
| CamdenArtCentre |
3,000 |
3,000 |
| Cancerwise |
1,500 |
|
| CarersUK |
3,000 |
|
| CavellNurses'Trust |
3,000 |
— |
| Challengers |
— |
1,830 |
| ChangingFaces |
- |
2,000 |
| ChurchArmy |
5,000 |
— |
| CityandGuildsofLondonArtSchool |
2,000 |
2,000 |
| CitizensAdvice-HartDistrictLtd |
3,000 |
— |
| CliftonCollege(fortheEdgarBonham-CarterScholarship) |
3,000 |
3,000 |
| ConnorsToyLibrary |
2,900 |
— |
| EdwardBarnsleyEducationTrust |
- |
2,500 |
| ElizabethFoundation |
— |
2,040 |
| EnglishTouringOpera |
— |
2,000 |
| Fareshare—SouthernCentral |
5,000 |
— |
| FinalStrawFoundation |
1,500 |
— |
| FitzwilliamMuseum |
4,000 |
4,000 |
| FriendsofHampshireCountyYouthOrchestra |
2,500 |
2,000 |
| GrayshottConcerts |
— |
3,000 |
| HelenArkellDyslexiaCharity |
2,000 |
— |
| Home-StartHampshire |
— |
3,000 |
| HoneypotChildren'sCharity |
3,000 |
— |
| HopeHousing,TrainingandSupportLtd |
5,000 |
1,500 |
| HotLineMealsServices(London) |
5,000 |
3,000 |
| InterActStrokeSupport |
2,000 |
— |
| IndependentProviderofSpecialEducationAdvice(IPSEA) |
2,000 |
2,000 |
| Carriedforward |
78,324 |
54,370 |
| 3 |
Grantspayable(continued) |
|
|
|
|
2023 |
2022 |
|
Recipient |
£ |
£ |
|
Broughtforward |
78,324 |
54,370 |
|
KIDS |
3,185 |
|
|
LawWorks |
3,000 |
— |
|
ListeningBooks |
1,000 |
1,500 |
|
LyricTheatreHammersmith |
- |
2,532 |
|
MultipleSclerosis(MS)Trust |
- |
1,260 |
|
TheNationalTrust |
10,000 |
10,000 |
|
NationalManuscript'sConservationTrust |
2,500 |
— |
|
NewForestMencap |
— |
3,000 |
|
OldVicTheatreTrust2000 |
2,000 |
|
|
OliveBranchCounsellingServiceLtd |
3,000 |
— |
|
OutsideEdgeTheatreCompany |
— |
3,500 |
|
OxfordLieder |
— |
1,000 |
|
PetersfieldMuseum |
3,000 |
|
|
PitzhangerManor&Gallery |
2,500 |
— |
|
Plantlife |
1,500 |
— |
|
PolkaTheatre |
2,000 |
2,000 |
|
PortsmouthSailTrainingTrust |
2,000 |
3,220 |
|
PrisonersEducationTrust |
4,000 |
4,000 |
|
ProvidenceRow |
5,000 |
4,000 |
|
QueenElizabethScholarshipTrust(forcraftskill) |
2,000 |
— |
|
RainbowCentre |
— |
1,000 |
|
TheRambertDanceCompany |
2,000 |
2,000 |
|
React |
— |
2,500 |
|
ReadforGood |
— |
1,500 |
|
Re-engage(formerlyContacttheElderly) |
— |
2,000 |
|
RoyalAcademySchools |
4,500 |
4,500 |
|
StMichael'sHospiceNorthHampshire |
— |
1,300 |
|
Society'sfortheProtectionofAncientBuildings |
2,000 |
|
|
StMungo's |
5,000 |
3,000 |
|
StepbyStepPartnershipLtd |
4,000 |
|
|
Carriedforward |
142,509 |
108,182 |
| Grantspayable(continued) |
|
|
|
2023 |
2022 |
| Recipient |
£ |
£ |
| Broughtforward |
142,509 |
108,182 |
| SupportThroughCourt |
— |
3,000 |
| TheTate |
4,500 |
4,500 |
| TheodoraChildren'sCharity |
2,000 |
|
| Turner'sHouseTrust |
3,000 |
— |
| VineCentre |
5,000 |
3,000 |
| WinchesterBeacon |
4,000 |
|
| WinchesterChamberMusicFestivalTrust |
5,000 |
— |
| WinchesterHospiceFundraisingCharity |
— |
2,000 |
| WinchesterStreetReach |
— |
2,100 |
| WinchesterYouthCounselling |
4,000 |
|
| Young&Inspired |
1,000 |
— |
| YPICounselling |
— |
3,000 |
| YouthOptions |
1,965 |
— |
| Total |
172,974 |
125,782 |
|
2023 |
2022 |
|
£ |
£ |
| Grantcommitmentsat6April |
10,000 |
— |
| Grantspayablefortheyearended5April |
172,974 |
125,782 |
| Totalgrantspayable |
182,974 |
125,782 |
| Less:grantspaidduringtheyear |
(178,474) |
(115,782) |
| Commitmentsat5April |
4,500 |
10,000 |
| Governancecosts |
|
|
|
2023 |
2022 |
|
Total |
Total |
|
funds |
funds |
|
£ |
£ |
| Auditor'sremuneration |
7,200 |
5,628 |
|
2023 |
2022 |
|
£ |
£ |
| Marketvalueat6April |
6,318,082 |
5,857,834 |
| Additionsatcost |
742,840 |
1,319,528 |
| Disposalsatbookvalue(proceeds:£814,978;realisedloss£17,527) |
(832,505) |
(1,234,982) |
| Unrealisedinvestment(losses)/gains |
(327,836) |
375,702 |
| Marketvalueat5April |
5,900,581 |
6,318,082 |
| Costoflistedinvestmentsat5April |
5,469,852 |
5,496,451 |
|
2023 |
2022 |
|
£ |
£ |
| Unitisedfunds |
2,997,759 |
3,187,357 |
| UKequities |
684,524 |
929,423 |
| Internationalequities |
1,330,339 |
1,347,230 |
| Otherlistedinvestments |
433,799 |
472,803 |
| UKproperty |
215,093 |
254,389 |
| UKGovernmentbonds |
239,067 |
126,880 |
|
5,900,581 |
6,318,082 |
|
Value |
%of |
| 2023 |
£ |
portfolio |
| SUTLCazenoveCharityResponsibleMulti-AssetFund |
2,745,609 |
46.53 |
| VanguardFTSEAll-WorldUCITSETF |
305,324 |
5d.17 |
|
Value |
%of |
| 2022 |
£ |
portfolio |
| SUTLCazenoveCharityResponsibleMulti-AssetFund |
2,927,690 |
46.34 |
| Thetotalunrealisedgainsasat5Aprilrelatetotheannualr |
evaluationofthepo |
rtfolio: |
|
2023 |
2022 |
| Reconciliationofmovementsinunrealisedgains |
£ |
£ |
| Unrealisedgainsat6April |
821,631 |
529,132 |
| Less:Inrespectofdisposalsintheyear |
(63,066) |
(83,203) |
| Less:Net(losses)/gainsonrevaluationarisingintheyear |
(327,836) |
375,702 |
| Totalunrealisedgainsat5April |
430,729 |
821,631 |
|
2023 |
2022 |
|
£ |
£ |
| Auditandaccountancy |
7,200 |
5,628 |
| Investmentmanagementcosts |
3,549 |
3,659 |
| Grantcreditors |
4,500 |
10,000 |
|
15,249 |
19,287 |