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|||||Page||
|---|---|---|---|---|---|
|Reference and administrative
details||||||
|Report ofthe|trustees||2|to|3|
|Independent|examiner's
report|||||
|Statement of|financial|activities||||
|Balance sheet||||||
|Notes to the financial||statements|7|to|13|
|TRUSTEES|SP Weil||||
|---|---|---|---|---|
||JFWeil||||
||Ms LA SWatkins||||
||Mrs C A KWard||||
|PRINCIPAL ADDRESS|5 Fleet Place||||
||London||||
||EC4M 7RD||||
|REGISTERED CHARITY|299600||||
|NUMBER|||||
|INDEPENDENT EXAMINER|Berringers LLP||||
||Chartered
Accountants||||
||Lygon House||||
||50London Road||||
||Bromley||||
||Kent||||
||BRI 3RA||||
|SOLICITORS|Charles Russell Speechlys LLP||||
||5 Fleet Place||||
||London||||
||EC4M 7RD||||
||Veritas Investment|Partners (UK) Limited|||
||Riverside House||||
||2a Southwark
Bridge Road||||
||London||||
||SEl 9HA||||
||Rothschild &CoWealth Management||||
||New Court||||
||St Swithin's
Lane||||
||London||||
||EC4N 8AL||||
||Stonehage
Fleming|Investment|Management|Limited|
||15 Suffolks Street||||
||London||||
||SW1Y4HG||||
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||||||2023|2022|
|---|---|---|---|---|---|---|
|||||Expendable|||
||||Unrestricted|Endowment|Total|Total|
||||fund|Fund|funds|funds|
|||Notes|f.||||
|INCOME AND ENDOWMENTS FROM|||||||
|Investment
income||2|184,925||184,925|129,506|
|EXPENDITURE|ON||||||
|Raising funds||||89,107|89,107|144,756|
|Charitable
activities|||||||
|Support costs|||64,102||64,102|41,470|
|Grants|||488,810||488,810|383,250|
|Total|||552,912|89,107|642,019|569,476|
|Net gains/(losses)
on investments||||(1,773,942)|(1,773,942)|246,969|
|NET INCOME/(EXPENDITURE)
Transfers
between
funds||1i|(367,987)
367887|(1,863)049)
(367,987)|(2431,036)|(193,001)|
|Net tnovernent
in|funds|||(2,231,036)|(2,231,036)|(193,00])|
|RECONCILIATION
OF FUNDS|||||||
|Total funds brought|forward|||16,8727757|16,872,757|17,065,758|
|TOTAL FUNDS CARRIED FORWARD||||14,641,721|14,641,721|16,872,757|
##
|||||||2023|2022|
|---|---|---|---|---|---|---|---|
||||||Expendable|||
|||||Unrestricted|Endowment|Total|Total|
|||||fund|Fund|funds|funds|
||||Notes||f|||
|FIXED|ASSETS|||||||
|Investments|||||14/13,516|14/13,516|16,689,996|
|CURRENT ASSETS||||||||
|Debtors|||||19,778|19,778|977|
|Cash at|bank||||411442|411/42|316,624|
||||||431,120|431,120|317,601|
|CREDITORS||||||||
|Amounts|falling due within|one year|10||(102,915)|(102,915)|(134,840)|
|NET CURRENT ASSETS|||||328405|328405|182,761|
|TOTAL|ASSETSLESSCURRENT|||||||
|LIABILITIES|||||14,641,721|14,641,721|)6,872,757|
|NET ASSETS|||||14,641,721|14,641,721|16,872,757|
|FUNDS||||||||
|Endowment
funds||||||14,641,721|16,872,757|
|TOTAL|FUNDS|||||14,641,721|16,872,757|
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|INVES|TME|NT INCOME|||
|---|---|---|---|---|
||||2023|2022|
|||||f|
|Income|from|investments|184,925|129,506|
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|Raising donations|and|and|legacies||||||
|---|---|---|---|---|---|---|---|---|
||||||||2023
f.|2022f|
|Stonehage Fleming/R||FTrustee||Co fees|||541|959|
|Rothschild
Investment|||management||fees||66,089|143,797|
|Veritas management||fees|||||22,477||
||||||||89,107|144,756|
|GRANTS PAYABLE|||||||||
||||||||2023|2022|
||||||||488,810|383,250|
|The total grants paid||to|institutions||during|the year was as follows:|||
||||||||2023|2022|
||||||||f|f|
|Britten Pears Arts||||||||25,000|
|Caritas|||||||27,500||
|Children's
Burns Trust|||||||25,000|25,000|
|Museum ofMusic History|||||||20,000|20,000|
|New English Ballet|Theatre||||||50,000|25,000|
|The Harnhill
Centre||||||||60,000|
|The English Concert|||||||20,000||
|Holy Trinity Sloane|Square||||||20,000|20,000|
|Hutnanitarian
Aid Fund|||Great Britain||||20,000||
|Disasters Emergency||Corruuittee||- Afghanistan||||30,000|
|Disasters Emergency||Comnuttee||- Ukraine|||40,000|40,000|
|Manchester
Global Foundation|||||||||
|British Red Cross||||||||15.000|
|Depaul International|||||||15,000|15,000|
|Save the Children - Pakistan|||||||50,000||
|St Christopbers
Hospice|||||||15,000|15,000|
|STCFPhilanthropy||||||||15,000|
|The UK Committee||||||||15,000|
|Other donations
made||(under f.15,000)|||||186,310|103,250|
||||||||488,810|383,250|
##
|SUPPORT|COSTS||||||
|---|---|---|---|---|---|---|
||||||Governance||
|||||Finance|costs|Totals|
|||||f.|||
|Support costs||||500|63,602|64,102|
|Support costs, included|||in the above, are as follows;||||
|Finance|||||||
||||||2023|2022|
||||||Support|Total|
||||||costs|activities|
|||||||f.|
|Bank charges|||||500|105|
|Governance|costs||||||
||||||2023|2022|
||||||Support|Total|
||||||costs|activities|
|Independent|examination||||3,840|3,420|
|Legal tk professional||fees|||59,762|37,945|
||||||63,602|41)365|
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|||||Expendable||
|---|---|---|---|---|---|
||||Unrestricted|Endowment|Total|
||||fund|Fund|funds|
||||f.|||
|INCOME|AND ENDOWMENTS|FROM||||
|Investment|income||129,506||129,506|
|EXPENDITURE ON||||||
|Raising funds||||144,756|144,756|
|Charitable|activities|||||
|Support costs|||41,470||41,470|
|Grants|||383,250||383,250|
|Total|||424,720|144,756|569,476|
|Net gains|on investments|||246,969|246,969|
##
##
||COMPARATIVES|F|ORTBESTATEMEN|T OFFINANCIAL ACTIVITIE|S -continued|S -continued||
|---|---|---|---|---|---|---|---|
||||||Expendable|||
|||||Unrestricted|Endowment||Total|
|||||fund||Fund|funds|
|||||||f||
||NET INCOME/(EXPENDITURE)
Transfers between funds|||(295,214)
295,214||102313
(295,214)|(193,001)|
||Net movement
in funds|||||(193,001)|(193,001)|
||RECONCILIATION||OF FUNDS|||||
||Total funds brought|forward|||17,065,758||17,065,758|
||TOTAL FUNDS CARRIED FORWARD||||16,872,757||16,872,757|
|8.|FIXEDASSETINVESTMENTS|||||||
|||||Listed|Unlisted|||
|||||investments|investments||Totals|
||MARKET VALUE||||||f,|
||At 6April 2022
Additions
Disposals
Revaluations|||16,687,488
19468,159
(17,926,001)
(3,816,263)|2408
(26,467)
24,092||16,689,996
19368,159
(17,952,468)
(3,792,171)|
||At 5 April 2023|||14313/83||133|14,313,516|
||NET BOOK VALUE|||||||
||At 5 April 2023|||14413383||133|14/13,516|
||At 5April 2022|||16,687,488||2,508|16,689,996|
||Analysis ofinvesnnent||assets:|||||
|||||f||||
||Held in the UK|||3,566,520||||
||Held outside the UK:|||10,746,996||||
|||||14/13,516||||
||Investments
greater than||5%ofthe total holding|(market value):||||
||Royal London Short Term MM Fund|||783,767||5.5||
##
||||||||Listed|Unlisted||
|---|---|---|---|---|---|---|---|---|---|
|||||||investments||investments|Totals|
|||||||||f|f|
||Valuation
in|2023|||||548,150|(26,714)|521,436|
||Cost|||||13,765,233||26,847|13,792,080|
|||||||14@13383||133|14&313&516|
|9.|DEBTORS:||AMOUNTS FALLING DUE WITHIN ONK YEAR|||||||
|||||||||2023|2022|
||||||||||f|
||Prepayments||and accrued|income||||19,778|977|
|10.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONK YEAR|||||||||
|||||||||2023|2022|
|||||||||f|f|
||Other creditors|||||||102,915|134,840|
|11.|MOVEMENT IN FUNDS|||||||||
||||||||Net|Transfers||
|||||||movement||between|At|
||||||At 6.4.22||in funds|funds|5.4.23|
||||||f.|||||
||Unrestricted||funds|||||||
||General fund|||||(367987)||367 987||
||Endowment||funds|||||||
||Expendable|Endowment||Fund|16872 757|(1|863&049)|(367987)|14641&721|
||TOTAL FUNDS||||16,872,757|(2431,036)|||14,641,721|
||Net movement||in funds, included||in the above are as follows:|||||
||||||Incoming|Resources||Gains and|Movement|
||||||resources|expended||losses|in funds|
||||||f,|||||
||Unrestricted||funds|||||||
||General fund||||184,925|(552,912)|||(367,987)|
||Endowment||funds|||||||
||Expendable|Endowment||Fund|||(89,107)|(1,773,942)|(1,863,049)|
||TOTAL FUNDS||||184,925|(642,019)||(1,773,942)|(2,231,036)|
##
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##
|||||Net|Transfers||
|---|---|---|---|---|---|---|
|||||movement|between|At|
||||At 6.4.21|in funds|funds|5.4.22|
|Unrestricted|funds||||||
|General fund||||(295414)|295414||
|Endowment|funds||||||
|Expendable|Endowment|Fund|17,065,758|102,213|(295,214)|16,872,757|
|TOTAL FUNDS|||17,065,758|(193,001)||16,872,757|
||||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|---|
||||resources|expended|losses|in funds|
|||||||f|
|Unrestricted|funds||||||
|General
fund|||129,506|(424,720)||(295,214)|
|Endowment|funds||||||
|Expendable|Endowment|Fund||(144,756)|246,969|102/13|
|TOTAL FUNDS|||129,506|(569,476)|246,969|(193,001)|
##