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|||Page||
|---|---|---|---|
|Reference and Administrative<br>Betails||||
|Report ofthe Trastees|2|to|4|
|Report ofthe Independent<br>Anditom|5|to|7|
|Shtement ofVinancial Activities||||
|Balance Sheet||||
|Notes to the Financial Statements|10|to|20|
|Detailed Statement ofFinancial Activities|21|to|22|





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|Mrs HEAlexander MBEFRSA|Mrs HEAlexander MBEFRSA|
|---|---|
|TAJBumett||
|JC Hayes||
|JH Hughes||
|Mrs SMordaunt|Crook|
|Mrs LZeitlin||
|PFDegen (deceased 7.9.22)||
|IKeys (resigned|2.10.21)|



## 

|||12Crooms Hill|
|---|---|---|
|||Greenwich|
|||London|
|||SE108ER|
|RKGISTKRKID|COMPANY|02057180(England and %'ales)|
|NUMBER|||



## 

|AUDITORS||Xeinadin Auditing|Xeinadin Auditing||
|---|---|---|---|---|
|||Chartered<br>Accountants||and Statutory Auditors|
|||BecketHouse|||
|||36Old Jewry|||
|||London|||
|||EC2R 8DD|||
|SMOKERS||HSBCBank Plc|||
|||85Lewisham|High Street||
|||Lewisham|||
|||London|||
|||SE136BE|||
|&VESTMENT|MANAGER|SGKleinwort|Hambros|Bank Limited|
|||One Bank Street|||
|||Canary wharf|||
|||London|||
|||E144SG|||





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||f|orthe year|ended 31March 2|022|||
|---|---|---|---|---|---|---|
|||||||Period|
|||||||1.4.19|
||||||Year Ended|to|
||||||313.22|31.3.21|
||||Unrestricted|Endowment|Total|Total|
||||fund|fund|funds|funds|
|||Notes|K||||
|PlCOME AND ENDOWMENTS FROM|||||||
|Donations and legacies|||127,S30||127,830|138,641|
|Charitable<br>activities|||||||
|Fan Museum|||3,771||3,771|124|
|Investment<br>income|||118,971||118,971|12S,328|
|Other income|||49,96S||49,965|102,915|
|Total.|||300,537||300,S37|367,008|
|EXPENDITURE ON|||||||
|Raising funds|||22,049||22,049||
|Charitable<br>activities|||||||
|Fan Museum|||256,794||256,?94|229,948|
||||278,843||278,S43|250,640|
|Net gains on investments|||138,654||138,654|360,250|
|NET1NCOMK|||160,348||160,348|476,618|
|Transfers between funds|||(593)||||
|Net movement<br>in funds|||159,755|593|160,348||
|RECONCILlATlON|OFFUNDS||||||
|Total funds brought torward|||5,561,147|664,093|6/25,240|5,748,622|
|TOTAL FUNDS CARRIED FORWARD|||5,720,902|664,686|6,385,588|6/25,240|





## 

|||||2022|2021|
|---|---|---|---|---|---|
|||Unrestricted|Endowment|Total|Total|
|||fund|fund|funds|funds|
|~ASSETS|Notes|||||
|Tangible assets|12|6?,113||67,113|&2,298|
|Heritage assets|13|1,691,465||2,356,151|2,3SS,557|
|Investments|14|3,524,699||3,524,699|3,496,630|
|||5,283,277|664,686|5,947,963|S,934,485|
|CURRKNT ASSEIS||||||
|Debtors||55,040||55,040|48,585|
|Cash at bank||410,089||410,089|268,764|
|||465,129||465,129|317,349|
|CRKDITORS||||||
|Amounts<br>falling due within one year|16|(27,504)||(27,S04)|(26,594)|
|||437,625||437,625|290,755|
|TOTAL ASSETSLESSCURRKVI'||||||
|LIABILITIES||5,720,902|664,6&6|6/85,588|6o25,240|
|NKTASSETS||5,720,902|664,686|6,385,588|6,225,240|
|FUNDS|17|||||
|Unrestricted<br>funds||||5,720,902|5,561,147|
|Endowment<br>funds||||664,686|664,093|
|TOTAL FUNDS||||6,385,588|6,225,240|





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||||||Period|
|---|---|---|---|---|---|
||||||14.19|
|||||Year Ended|to|
|||||31.322|31.3.21|
|Donations||||35,448|31,138|
|Covenants|and|Gift|aid|92,382|107,503|
|||||127,830|138,641|





|||||||Period|
|---|---|---|---|---|---|---|
|||||||1,4.19|
||||||Year Ended|to|
||||||31.3.22|31.3,21|
||Income|&om listed investments|||118,891|125,251|
||Deposit|account interest|||80|77|
||||||118,971|125,328|
|4.|INCOME||FROM CHARITABLE ACHWIKS||||
|||||||Period|
|||||||1.4.19|
||||||Year Ended|to|
||||||313.22|31.3.21|
|||||Activity|||
||Grants|||Fan Museum|1,000||
||Museum|admissions||Fan Museum|2,771|124|
||||||3,771||
||Grants received, included in the|||above, are as follows:|||
|||||||Period|
|||||||1.4.19|
||||||Year Ended|to|
||||||31322|31.3.21|
||Circle ofArts||||1,000||
|||||||Period|
|||||||14.19|
||||||YearEnded|to|
||||||31.3.22|31.3.21|
||Sundry receipts||||6,657|6,000|
||Rental income||||25,800|27,984|
||Coronavirus||Job Retention Scheme||5,508|28,359|
||Government||mmts||12,000|40,572|
|||||||102,915|





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|||||Period|
|---|---|---|---|---|
|||||1.4.19|
||||Year Ended|to|
||||31.322|31.3.21|
|Portfolio management|||22,049|20,692|
|SUPPORT GUSTS|||||
||||Governance||
||Management|Finance|costs|Totals|
|Fan Museum|245,475|445|3,300|249,220|



## 

|||Period|
|---|---|---|
|||1.4.19|
||Year Ended|to|
||31.3.22|31.3.21|
|Auditors'<br>remuneration<br>Depreciation - owned assets<br>Hire ofplant and machinery|3,300<br>17@75<br>3,569|3,300<br>17,32'1<br>3,714|



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|||Period|
|---|---|---|
|||1.4.19|
||Year Ended|to|
||31.3.22|31921|
|KVages and salaries<br>Social security costs<br>Other pension costs|97,078<br>3,479<br>1,875|L<br>105,741<br>4,887<br>2,884|
||102,432||





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|The average monthly|number ofemployees|number ofemployees|during the year was|as follows:|||
|---|---|---|---|---|---|---|
|||||||Period|
|||||||1.4 19|
||||||Year Ended|to|
||||||31.3.22|31.3.21|
|Engaged in charitable|activities||||3|4|
|Administration|||||1|1|
|No employees received emoluments||in excess of$60,000.|||||
|CGMPARATIVKS FORTHE STATEiHNNT OFFlÃANCIAI||||ACIXVKHES|||
|||||Unrestricted|Endowment|Total|
|||||fund|fund|funds|
|INCOME AND ENDOW!RENTS||FROM|||||
|Donations and legacies||||138,641||138,641|
|Charitable activities|||||||
|Fan Museum||||||124|
|Investment<br>income||||125,328||125,328|
|Other income||||102,915||102,915|
|Total||||||367,008|
|EXPENDITURE ON|||||||
|Raising funds||||20,692|||
|Chaiitable activities|||||||
|Fan Museum||||229,948||229,948|
|Total||||250,640||250,640|
|Net gains on investments||||360+50||360,250|
|RKCONC1LIATIGN|GFFENDS||||||
|Total funds brought forward|||||664,093|5,748,622|
|TGTAI FUNDS CARR1KD FORWARD||||5,561,147|664,093|6,225,240|





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|TANGIBIL& FIXEDASSETS||||
|---|---|---|---|
||||Fixtures|
||||and|
||||fittings|
|COST||||
|At 1 April 2021|||141,643|
|Additions|||2,090|
|Disposals|||(320)|
|At31March 2022|||143,413|
|DEPRECIATION||||
|At 1 April 2021|||59,345|
|Charge foryear|||17,275|
|Eliminated<br>on disposal|||{320)|
|At 31March 2022|||76,300|
|NKT BOOKVALUE||||
|At 31March 2022|||67,113|
|At 31March 2021|||82,298|
||||Total|
|l&&&IARKKTVALUE||||
|At 1April 2021|||2,355,557|
|Additions|||594|
|At31March 2022|||2,356,151|
|NKTBOOKVALUE||||
|At 31March 2022|||2,356,151|
|At 31March 2021|||2/55,557|
|HXKD ASSETINVESTS&TS||||
||Sharm in|||
||group|Listed||
||undertakings|investments|Totals|
|5JARKKTVALUE||||
|At 1 April 2021|100|3,496,530|3,496,630|
|Additions||512,088|512,088|
|D&sposals||(6~673)|(6M~,673)|
|Revaluations||138,654|138,654|
|At 31March 2022|||3,524,699|
|NKTBOOKVALUE||||
|At 31March 2022|100|3.524,599|3„524,699|
|At 31March 2021|100|3,496,530|3,496,630|



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|||||2022|2021|
|---|---|---|---|---|---|
||Bond holdings|||806,601|918,060|
||Equities holdings|||2,042,652|2,040,810|
||Alternatives<br>and related holdings|||675,346|537,660|
|||||3,524,599|3,496,530|
|15.|DEBTORS:AMOUNTS FALLING DUE WlTBIN ONE YEAR|||||
|||||2022|2Q21|
||Amounts<br>owed by group undertakings|||17,761|12,207|
||Other debtors|||16,523|19,318|
||VAT|||8,410|4,530|
||Prepayments<br>and accrued income|||12,346|12,530|
|||||55,040|48,585|
|16.|CREDITORS: AMOUNTS FALLPIG DUK%~ONK YEAR|||||
|||||2022|2021|
||Trade creditors|||8,484|12,422|
||Social security and other taxes|||2,355|3,606|
||Accruals and deferred income|||16,665|10,566|
|||||27,504|26,594|
|17.|MOVKMKNT IN FUNDS|||||
||||Net|Trails fers||
||||movement|between||
|||At 142]|in funds|funds|At31.3.22|
||Un~tricted<br>funds|||||
||General<br>fund|5,561,147|160,348|(593)|5,720,902|
||Endowment<br>funds|||||
||Endowment<br>fund|664,093||593|664,686|
||TOTAL FUNDS|6225 24Q|160,348|||





## 

## 

|Net movement|Net movement|in funds, included|in funds, included|in the above|are as follows:||||
|---|---|---|---|---|---|---|---|---|
||||||Incoming|Resources|Gains and|Movement|
||||||resources|expended|losses|in funds|
|Umestricted|funds||||||||
|General fund|||||300,537|(278,843)|138,654|160,348|
||||||300,537|(278,843)|138,654|160,348|
|Comparntives||formovement|in funds||||||
||||||||Net||
||||||||movement||
|||||||At 1.4.19|in funds|At 31.3.21|
|Unamhicted|funds||||||||
|General fund||||||5,084,529|476,618|5,561,147|
|Endowment|funds||||||||
|Endowment|fund|||||664,093||664,093|
|TOTAL FUNDS||||||5,748,622|476,618|6,225,240|
|Comparative||net movement|in funds, included||inthe above are as follows:||||
|||||||Resources|Gains and|Movement|
|||||||expended|losses|in funds|
|Unrestricteti||funds|||||||
|General fund|||||367,008|(250,640)|360;250|476,618|
|TOTAL FUNDS|||||367,008|(250,640)|360,250|476,618|
|Restncfed Funds:|||||||||





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## 

||forthe yearended 3|1March 2022||
|---|---|---|---|
||||Period|
||||2019|
|||Year Ended|to|
|||31.3.22|31.3.21|
|INCOME AND ENDOWMENTS||||
|Donations and legacies||||
|Donations||35,448|31,138|
|Covenants and Gift aid||92,382|107,503|
|||127,830|138,641|
|Investment<br>income||||
|Income from listed investments||118,891|125,251|
|Deposit account interest||80|77|
|||118,971||
|Charitable activities||||
|Grants||1,000||
|Museum<br>admissions||2,771||
|||3,771||
|Other income||||
|Sundry receipts<br>Rental income||6,657<br>25,800|6,000<br>27,984|
|Coronavirus<br>Job Retention Scheme<br>Government ants||5,508<br>12,000|28,359<br>40,572|
|||49,965|102,9]5|
|Total incoming tesomzes||300,537|367,008|
|Investment<br>management|costs|||
|Portfolio management||22,049|20,692|
|Charitable activities||||
|Museum<br>expenses<br>Exhibition expenses||7,393<br>181|2,164|
||||2,164|
|Support costs||||
|Management||||
|AVages||97,078|105,741|
|Social security||3,479|4,887|
|Pensions||1,875|2,884|
|Carried for~mrd||102„432|113,512|





## 

||||Period|
|---|---|---|---|
||||2019|
|||Year Ended|to|
|||31.3.22|31.3.21|
|Management||||
|Brought forward<br>Hire ofplant and machinery||102,432<br>3,569|113,512<br>3,714|
|Rates and water||791|767|
|Insurance||18,410|18,025|
|Light and heat||6,057|4,454|
|Telephone||1,240|1,653|
|Postage and stationery||2,020|1,383|
|Advertising||5,953|4,580|
|Sundries<br>Repairs &renewals -|equipment|5,359<br>4,225|1,308<br>5,464|
|Information technolo~ costs<br>Repairs &maintenance ofbuild ngs||5,314<br>26,212|3,457<br>15,691|
|Cleaning and general expenses<br>Bookkeeping &accountancy||10,007<br>19,040|5,412<br>19,040|
|Legal &professional|fees|17,572|8,311|
|Fixtures and fittings||17.274|17,321|
|||245,475|224,092|
|%nance||||
|Bank charges||445|392|
|Governance<br>costs||||
|Auditors'<br>remuneration||3,300|3,300|
|Total resources expended||278,843|250,640|
|Net income before gains and losses||21,694|116,368|
|Realised recognised gains and losses||||
|Realised gains/(losses)|on fixed asset investments|138,654|360,250|
|Net income||160,348|476,618|