| 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 |