|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|



##