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|1|Report ofthe|||Trustees||||||||
|8|Report ofthe|||independent||auditor||||||
|12|Statement||of|financial|activities
(incorporating||the income and expenditure|||account)||
|13|Balance sheet|||||||||||
|14|Statement||of|cash flows||||||||
|15|Notes forming|||part of|the|financial statements||||||
|Reference||and administrative|||details|||||||
|Trustees/Directors||||||Sir Cameron
Mackintosh||||||
|||||||N D Allott OBE||||||
|||||||A P Constable||||||
|||||||A A Finch CBE||||||
|||||||N
I M Mackintosh||||||
|||||||R FS Noble OBE||||||
|||||||F R Pappas||||||
|||||||B G Peerless||||||
|||||||T T E Schonberg||||||
|General|Secretary|||||R T Knibb, ACA||||||
|Company||Secretary||||RT Knibb, ACA||||||
|Registered||Office||||1-2 Bedford Square, London, WC1B 3RB||||||
|Company||Number:||||2239812||||||
|Charity Registration||||Number:||327751||||||
|Auditor||||||BDO LLP, Arcadia|House,|Maritime|Walk, Ocean Village, Southampton,|||
|||||||SO14 3TL||||||
|Solicitors||||||Charles Russell Speechlys||LLP, 5|Fleet Place,|London,|EC4M 7RD|
|Bankers||||||National
Westminster
Bank||pic, Covent Garden||Branch,|London, WC2E 8NL|
|Investment||Advisor||||A J Hutton
Limited,|Third Floor, 20||Old Bailey,|London,|EC4M 7AN|
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|Achieveinsnts
and perfonnance|||||||
|---|---|---|---|---|---|---|
|The table below shows ihe split of the||donations|by category.||||
|Note: percentage
figures are rounded||to the nearest whole number.|||||
||||2023|2023|2022|2022|
|Category|||K)|(%)|(6)|(%)|
|Children
and Education|||36,854||72,909|53|
|Commur)ity
Projects|||129,500|14|5,000||
|The Environment|||78,000||||
|The Homeless|||44,600||||
|Medical|||50,795||6,700||
||||338,649|37|84,609|62|
|Theatre and The Performing
Theatre
buildings
Theatre company
development
Children's
theatre|Arts||150,000
10,400
1,000|16
1|3,000
6,000
350||
|Promotion
of new theatrical
and musical
works
Theatre related pastoral care
Theatrical
training
and education|||5,760
21,280
395,231|1
2
43|15,000
21,554
7,300|11
16
5|
||||683,661|63|53,204|38|
|Total Donations year ended 31 March 2023|||922,310|100|137,813||
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||||Unrestricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|
|||Note|funds|funds|2023|2022|
||||5|6|E||
|Income and endowments
Donations
and legacies
Investments|from:|2
3|162,291
444,614||162,291
444,614|13,678
56,881|
|Total income|||606,805||606,806|70,559|
|Expenditure
on:
Charitable
activities||4|1,007,485||1,007,486|179,327|
|Total expenditure|||1,007,485||1,007,486|179,327|
|Net expenditure
and net|||||||
|movement
in funds before
(losses)/gains
on investments|||(400,680)||(400,680)|(108,768)|
|Net (losses)/gsins
on investments||8|(568,466)||(658,466)|694,387|
|Net (expenditure)/Income|||(959,136)||(959,136)|585,619|
|Reconciliation
offunds
Total funds brought
forward|||14,224,055|640,000|14,864,055|14,278,436|
|Total funds carried forward|||13,264,919|640,000|13,904,919|14,864,055|
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|Company
number||2239812|2239812|Note|2023
E|2023
E|2022
E|2022
E|
|---|---|---|---|---|---|---|---|---|
|Fixed assets
Investments||||||11,869,952||12,041,678|
|Current assets
Cash at bank and|in|hand|||2,472,373||3,171,660||
||||||2,472,373||3,171,660||
|Liabilities|||||||||
|Creditors: amounts
within one year||falling|due|9|270,406||274,600||
|Net current assets||||||2,201,967||2,897,060|
|Total assets less
liabilities|current|||||14,061,919||14,938,738|
|Creditors: amounts
after more than one||falling
year|due|10||157,000||74,683|
|Total net assets||||||13,904,919||14,864,055|
|The funds of the charity
Expendable
endowment
General
fund|||funds|||640,000
13,264,919||640,000
14,224,055|
|Total charity funds||||13||13,904,919||14,864,055|
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||||Note|2023|2022|
|---|---|---|---|---|---|
|||||E|E|
|Cash (used in) operating|activities||14|(767,071)|(450,430)|
|Cash flows from Investing
Investment
income
Purchase of Investments|activities|||67,784|573
(5,600,000)|
|Cash provided
by/(used
in) investing||activities||67,784|(5,599,427)|
|(Decrease) in cash in the|year|||(699,287)|(6,049,857)|
|Cash at the beginning
of|the year|||3,171,660|9,221,517|
|Total cash at the end ofthe year||||2,472,373|3,171,660|
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|3|Investment|income||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||E|E|
||Bank interest
Amounts
received from
Income from investments||UK investment
(note 8)||||property|||11,476
66,308
376,730|573
56,308|
|||||||||||444,614|56,881|
|4|Charitable
expenditure|||||||||2023|2022|
|||||||||||E|6|
||Analysis of|expenditure||on charitable||||activities||||
||Donations to institutions
Support and governance|||costs (note 5)||||||922,310
85,175|137,813
41,514|
|||||||||||1,007,485|179,327|
||The number|of donations|||during|the year awarded|||to institutions|was 93 (2022 —22).
No|donations
were|
||awarded
to|individuals|(2022- nil).|||||||||
|||||||||||2023|2022|
|||||||||||E|E|
||Donations|by type of|activity|||||||||
||Children
and Education|||||||||36,864|72,909|
||Community
Projects
The Environment|||||||||129,600
78,000|5,000|
||The Homeless|||||||||44,600||
||Medical|||||||||50,795|6,700|
||Theatre
and|the Performing|||Arts|||||683,661|53,204|
|||||||||||922,310|137,813|
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|4|Charitable
expenditure
(coniinued)||
|---|---|---|
||Donations
during
the year greater and equal tof5,000were as follows:|2023|
||Donation
recipient|E|
||Theatres
Trust, The
Stephen
Sondheim
Foundation,
The
Mercury
Musical Developments
Majjistral Park (Heritage
Parks Federation)
Royal Welsh College of Music and Drama
DEC (Disasters Emergency
Committee)
Kiln Theatre|150,000
107,500
90,000
75,000
60,000
50,000
28,345|
||Felix Project, The
Trussell
Trust, The
British Youth Music Theatre|25,000
25,000
22,000|
||St Mungo Association
Charitable
Trust
Royal Academy
of Music
MGCfutures
Ltd|20,000
16,350
15,000|
||Royal Central School ofSpeech & Drama
BRITSchool, The
Hamilton
Education
Programme
Acting for Others
Centrepoint
Soho
Pimlico Opera
Regent's
Park Theatre
Ltd
Wilderness
Foundation
UK
Prior Park Educational
Trust
Musicians'
Union Benevolent
Fund|15,000
12,000
10,754
10,520
10,000
10,000
10,000
10,000
9,000
5,260|
||NHS Charities Together|5,260|
|||791,989|
||Grants of65,000or less|130,321|
||Total|922,310|
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|5|Support and governance
costs|Support and governance
costs|2023|2022|
|---|---|---|---|---|
||||E|E|
||Legal and administration
Auditor's
remuneration
Other costs
Donated services and|fees
—audit services
facilities|10,720
16,200
255
68,000|15,391
12,600
23
13,500|
||||85,175|41,514|
|to day management
of
and facilities figure.|the c|harity. These|costs are included
in the|E58,000(2022 -E13,500)dona|ted services|
|---|---|---|---|---|---|
|Allocation
ofsupport|and|governance|costs|2023
E.|2022
E|
|Children
and education
Community
projects
The Environment
The homeless
Medical
Theatre and the performing||arts||3311
11,959
7,203
4,110
4,691
53,901|21,963
1,506
2,018
16,027|
|||||85,175|41,514|
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|Creditors:|amounts|falling due within one year|2023f|2022|
|---|---|---|---|---|
|Accruals
Donation
commitments
Other creditors|||16,000
204,500
50,906|12,600
262,000|
||||270,406|274,600|
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|10|Creditors: amounts|falling due In more than one year|2023|2022|
|---|---|---|---|---|
||||E|6|
||Donation
commitments
Other creditors||167,000|24,000
50,683|
||||157,000|74,683|
|Movement
in recognised
provision|an|d funding
commitments
during
the year||
|---|---|---|---|
||||Donation|
||||commitments|
||||6|
|Donation
commitments
recognised
at
Donations
paid during
the year
New donation
commitments
in year||1 April 2022|286,000
(347,000)
422,500|
|Amount
of donation
commitments|recognised as at 31 March 2023||361,600|
|There are no performance
conditions||attached to these donations.||
|Expendable
Endowment
Funds||||
|Market value offund at beginning|ofyear||640,000|
|Increase
in market va(ue
in year||||
|lffdatendofe|r||640,000|
##
|13|Analysis
of net|assets between|assets between|assets between|Funds|||Expendable||
|---|---|---|---|---|---|---|---|---|---|
||||||||General|Endowment||
||||||||Fundf|Funds
6|Total
6|
||Fund balances|at 31 March 2023|||are represented|by:||||
||Investments
current assets||||||11,219,952
2,472,373|640,000|11,859,952
2,472,373|
||Creditors: amounts
Creditors: amounts||falling due
falling due|within one year
in more than one year|||(270,406)
(157,000)||(270,406)
(157,000)|
||||||||13,264,919|640,000|13,904,919|
|||||||||Expendable||
||||||||General|Endowment||
||||||||Fund
6|Fundsf|Total
6|
||Fund balances|at|31 March 2022||are represented|by:||||
||Investments
Current assets||||||11,401,678
3,171,660|640,000|12,041,678
3,171,660|
||Creditors: amounts
Creditors: amounts||falling due
falling due|within one year
in more than one||year|(274,600)
(74,683)||(274,600)
(74,683)|
||||||||14,224,055|640,000|14,864,055|
|operating|acti|vities|||||
|---|---|---|---|---|---|---|
||||||2023|2022|
||||||6|6|
|Net movement||in funds|||(400,680)|(108,768)|
|Investment|income||||(444,514)|(573)|
|Increase/(decrease)|||in creditors||78,123|(341,089)|
|Net cash|used|in operating||activities|(767,071)|(450,430)|
##
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|Statement
offinancial
acti|vities as at|31 Ma|rch 2022||||
|---|---|---|---|---|---|---|
|||||Unrestricted|Endowment|Total|
||||Note|funds
f|funds|2022|
|Income and endowments|from:||||||
|Donations
and legacies
Investments||||13,678
56,881||13,678
56,881|
|Total income||||70,559||70,559|
|Expenditure
on:
Charitable
expenditure|||4|179,327||179,327|
|Total expenditure||||179,327||179,327|
|Net (expenditure)
and net|movement|in|||||
|funds before gains and losses on
Investments||||(108,768)||(108,768)|
|Net gains on investments||||554,387|140,000|694,387|
|Net income||||445,619|140,000|585,619|
|Transfers
between
funds|||||||
|Net movement
in funds||||445,619|140,000|585,619|
|Reconciliation
offunds|||||||
|Total funds
brought
forward||||13,778,436|500,000|14,278,436|
|Total funds carried forward||||14,224,055|640,000|14,864,055|