## |Contents|||Page| |---|---|---|---| |Legal and Administrative||Information|| |Report ofthe|Trustees||| |Independent|Auditors'|Report|10-12| |Statement
of|Financial|Activities|13| |Balance Sheet|||14| |Cashflow Statement|||15| |Notes forming|part ofthe Financial Statements||16-27| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---|---| |||Notes|Funds|Funds|2021|2020| |Income:||||||| |Donations
and legacies|||21,461||21,461|26,391| |Charitable
activities||||1,025,000|1,025,000|3,515| |Investments|||224,331||224,331|371,276| |Rental income|||60,228|1,859|62,087|70,519| |Total income|||306,020|1,026,859|1,332,879|471,701| |Expenditure:||||||| |Raising Funds||||||| |Investment
management|||28,875||28,875|29,452| |Property expenditure|||32,119||32,119|65,145| |Charitable
activities||||||| |Grants payable|||617,420|885,583|1,503,003|331,866| |Grant related support costs|||74,555||74,555|45,099| |Welfare and bad debt advice|||14,637||14,637|16,795| |Total expenditure|||767,606|885,583|1,653,189|488,357| |Operating
surplus/(deficit)|before other|||||| |recognised
gains and losses|||(461,586)|141,276|(320,310)|(16,656)| |Transfers between
funds|||139,417|(139,417)||| |Other recognised
gains and|losses:|||||| |Gains/(losses)
on listed investments||||||| |Realised gains/(losses)||11|157,234||157,234|219,962| |Unrealised
gains/(losses)||11|2,964,851||2,964,851|(2,006,474)| |Gains/(losses)
on freehold property||||||| |Unrealised
gains/(losses)||||||| |Net movement
in funds for|the year||2,799,916|1,859|2,801,775|(1,803,168)| |Reconciliation
of funds||||||| |Total funds brought forward||15|10,568,704|41,384|10,610,088|12,413,256| |Total funds carried forward|||13,368,620|43,243|13,411,863|10,610,088| ## ## |Balance Sheet|a|s at 31March 2021|||| |---|---|---|---|---|---| |||||Total|Total| ||||Notes|2021|2020| ||||||f| |Fixed assets|||||| |Freehold
property|||10|1,700,000|1,700,000| |Tangible assets|||10|1|1| |Investments:|||||| |Listed investments||||10,956,352|8,371,354| |||||12,656,353|10,071,355| |Current assets|||||| |Debtors: amount|falling due within one year||13|161,593|156,866| |Debtors: amount|falling due after more than one year||13|6,711|6,951| |Cash at bank||||651,795|456,353| |||||820,099|620,170| |Current
liabilities|||||| |Creditors; amounts||falling due in one year|14|(64,589)|(81,437)| |Net current assets||||755 510|538733| |Total assets less current liabilities||||13,411,863|10,610,088| |Net assets||||13,411,863|10,610,088| |Funds|||||| |Unrestricted
funds|||||| |General
fund|||14|13,361,185|10,561,660| |Designated
funds|||14|7,435|7,044| |Restricted funds|||14|43,243|41,384| |Total funds||||13,411,863|10,610,088| ## ## |Cashf low Statement||||||||| |---|---|---|---|---|---|---|---|---| ||||||||Total|Total| ||||||||2021|2020| |Cash used in operating
activities:||||||||| |Net cash provided
by operating|activities||||||(565,975)|(371,957)| |Interest income|||||||70|418| |Dividend
income|||||||224,260|370,857| |Purchase ofinvestments|||||||(517,287)|(2,215,674)| |Proceeds from sale of investments|||||||1,054,374|2261393| |Cash provided
by (used in) investing
activities|||||||761,417|416,994| |Change
in cash and cash equivalents|||in the reporting||period||195,442|45,037| |Cash and cash equivalents
at the||beginning||ofthe year|||456,353|411,316| |Total cash and cash equivalents||at|the end ofthe year||||651,795|456,353| |Reconciliation
ofcash equivalents|||at the|end ofthe|year:|||| |Cash at bank|||||||637,170|399,940| |Cash awaiting
investment|||||||14,624|56,413| ||||||||651,795|456,353| |Reconciliation
ofnet income to net|||cash flow from||operating|activities||| |Net (expenditure)/income
for the||reporting||period|||2,801,775|(1,803,168)| |Deduct interest
income shown|in|investing||activities|||(70)|(418.00)| |Deduct dividend
income shown|in investing|||activities|||(224,260)|(370,857)| |Add back losses on investments|||||||(3,122,085)|1,786,512| |Decrease
in debtors|||||||(4,488)|6,088| |Increase
in creditors|||||||(16,847)|9,886| |Net cash provided
by/(used
in)|operating|||activities|||(565,975)|(371,957)| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |2|Donations
and legacies||||||||||||||||2021||2020| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||||||||||||||E||E| ||The Combined
Theatrical||Charities||||Appeals||||Council||||||||25,000| ||Other unrestricted
donations||||||||||||||||21,461||1,391| ||||||||||||||||||21.461||26.391| ||Dft
t tl
4
f
d|0|tl||4||dl||3|l||E26391(2019526139(|||||t
l t d||dENll(2019:| ||ENil) was restricted.||||||||||||||||||| |3|Charitable
activities|||||||||||||||2021|||2020| ||||||||||||||||||E||E| ||Restricted
Grants:||||||||||||||||||| ||The Arts Council||||||||||||||||850,000||| ||The Combined
Theatrical|Appeals Council|||||||||||||||80,000||| ||Acting for Others||||||||||||||||80,000||| ||Audibles||||||||||||||||15,000||| |||||||||||||||||1,025,000|||| ||The Arts Council awarded||the Trust||||E850,000to||||||distribute||to those individuals||working|within the|| ||industry
facing serious financial|||||hardship.||||The Trust received E80,000grant funding
from The Combined|||||||||| ||Theatrical
Appeals
Council||and||E80,000grant|||||||funding||from|Acting for Others.||These grants||were| ||designed to augment
the|Trust's||||exisitng welfare|||||||grants giving programme|||to support the|||increased| ||applications
for financial|assistance|||||from those individuals||||||||facing servere|financial
hardship|||caused by| ||the pandemic.||||||||||||||||||| |4|Investments|||||||||||||||2021|||2020| ||||||||||||||||||E||E| ||Dividends
and interest receiveable||||||from investments||||||||||224,260||370,858| ||Bank interest receivable||||||||||||||||71||418| ||||||||||||||||||224332||371,276| ||Oftotal income from Investments|||||E370,042|||||(2019:E408,117)was unrestricted||||||and E816(2019(E874)||| ||was restricted.||||||||||||||||||| ||Of total income from property||||E68,660(2019;E62,452) was unrestricted|||||||||||and|E1,859(2019:E1,859)was||| ||restricted.||||||||||||||||||| |5|Grants payable|||||||||||||||2021|||2020| ||||||||||||||||||E||E| ||Education
&training
grants|||to 66individuals|||||||(2020:58)||||||107,661||85,960| ||Welfare &benevolence
grants||||to 407|||individuals|||||(2020:170)||||389,759||164,906| ||Education
grants to 1institution|||||(2020(|||2)||||||||45,000||45,000| ||Theatrical
grants to 3institutions|||||(2020:9)|||||||||||75,000||31,000| ||John Fernauld
Award grants|||to|Nil institutions|||||||(2020:||Nil)|||||5,000| ||Arts Council grants to 694individuals|||||||(2020:|||Nil)||||||870,583||| ||Audible
grants to 30individuals||||(2020:||||Nil)||||||||15,000||| |||||||||||||||||1,5D3.003|||331,$66| ||Grants made to institutions|||comprise:|||||||||||||||| ||Dancers' Career Development||||||||||||||||45,000||45,000| ||Chipping
Norton Theatre||||||||||||||||||1,000.00| ||Queens Theatre Hornchurch||||||||||||||||||5,000.00| ||interact||||||||||||||||25,000||15,000| ||Exeter Northcote||||||||||||||||||5,000.00| ||Graeae Theatre||||||||||||||||||5,000,00| ||Theatre 502 - R Murrell||||||||||||||||35,000||2,500.00| ||Benjamin
Gould||||||||||||||||||2,500.00| ||Alnwick Theatre|||||||||||||||15,000,00|||| ||||||||||||||||||12D,DOO||$1,0D~| ## ## ## ## |6|Reconciliation|ofgrants payable|2021|2020| |---|---|---|---|---| ||||f|E| ||Commitments|at 1Apri! 2019|58,889|40,145| ||Commitments|made
in the year|1,503,003|331,866| ||Grants cancelled
and returned|||0| ||Grants payable|for the year|1,503,003|331,866| ||Grants paid during the year||(1,517,822)|(313,122)| ||Commitments|at 31March 2020|44,071|58,889| ||Commitments|payable:||| ||Within one year||44,071|58,889| ## ## |||||||Office support|Total|costs| |---|---|---|---|---|---|---|---|---| |7|Total expenditure||Direct|costs|Staff costs|costs|2021|| ||||f||f||f|| ||Raising funds|||||||| ||Investment
management|||28,875||||28,875| ||Investment
property|||13,472|10,138|8,509||32,119| ||Charitable
activities|||||||| ||Grants payable||1,503,003||||1,503,003|| ||Grant related support|costs|||54,123|20,432||74,556| ||Welfare and bad debt advice||||4,524|10,113||14,637| ||||1,545,350||68,785|39,054|1,653,189|| |||||||Office support|Total costs|| ||Comparative
analysis||Direct|costs|Staff costs|costs|2020|| ||||f||f|f|f|| ||Raising funds|||||||| ||Investment
management|||29,452||||29,452| ||investment
property|||29,785|12,228|23 132||65,145| ||Charitable
activities|||||||| ||Grants payable||331,866||||331,866|| ||Grant related support|costs||0|30,043|15,056||45,099| ||Welfare and bad debt|advice||7,655|3,900|5,240||16,795| ||||398,758||46,171|43,428|488,357|| ||||Total costs||Total costs|||| ||Analysis ofsupport costs||2021||2020|||| ||||f|||||| ||Professional
fees||24,801||30,145|||| ||Audit fees|||5,400|5,435|||| ||Copier, telephone
and|printing||4,274|4,189|||| ||Other administration|costs||1,829|2,879|||| ||Advertising|||2,750|780|||| |||||39,054|43,428|||| ## ## |es formin|g part ofthe Financial Statem|ents|| |---|---|---|---| |Governance|costs|2021|2020| |Governance|costs include:|f|f| |Staff costs||15,207|12,229| |Other||2,411|5,435| |Auditors
remuneration:|||| |Audit fee||5,400|7,593| |||23,018|25,257| ## ||Three Trustees (2019:2)were
during the year (2019:f135)|reimbursed
f382 for directly inc|urred
out of pocket tra| |---|---|---|---| |9|Staff costs|2021|2020| |||E|| ||Salaries|58,224|39,752| ||Social security costs|6,140|3,462| ||Pension costs|4,421|2,957| |||68,785|46,171| |function wa|s:|||||| |---|---|---|---|---|---|---| |||||2021||| |Grant making, welfare||and|debt|||| |advice|||||1|1| |Governance|and property||manage(||1|1| ||||||2|2| ## ## |Tangible fixed assets||| |---|---|---| ||2021|2020| |Freehold property||f| |Market value at 1April 2019|1,700,000|1,700,000| |Revaluation||0| |IViarket value at 31IVlarch 2020|1,700,000|1,700,000| |Historical cost representing||| |acquisition
and refurbishment|1,845,534|1,845,534| |expenditure||| ## ## ## ## ## ||Furniture
and equipment|Furniture
and equipment||||| |---|---|---|---|---|---|---| ||||||2021|2020| ||||||f|| ||Net book value|||||| ||At 31March 2021|||||| ||At 31March 2020|||||| |11|Fixed asset investments|||||| ||||||2021|2020| ||Listed investments||||f|f| ||Market value at 1 April|2019|||8,371,354|10,203,585| ||Additions
at cost||||517,287|2,215,674| ||Disposal proceeds||||(1,054,374)|(2,261,393)| ||Realised investment
gains/(losses)||in|the year|157,234|219,962| ||Unrealised
investment|gains/(losses)||in the year|2,964,851|(2,006,474)| ||Market value at 31March 2020||||10,956,352|8,371,354| ||Cash awaiting
investment||||14,624|56,413| ||||||10,970,976|8,427,767| ||Historical cost||||6,082,641|6,082,641| ||investments
at market|value comprise:||||| ||Equity shares
UK||||7,805,072|5,710,177| ||Equity shares overseas||||2,111,487|1,574,706| ||Fixed interest securities|UK|||822,793|759,781| ||Property
and alternative|investments|||217,000|326,690| ||||||10,956,352|8,371,354| |12|Current asset: loan payable
on demand||||2021|2020| ||Included
within debtors|(Note 12)|is the following amount:-||f|| ||The Actors Professional|Centre Limited|||150,000|150,000| ## ## ## |No|tes formi|ng par|t of|the Financial Statements||| |---|---|---|---|---|---|---| |13|Debtors||||2021|2020| ||The Actors|Professional||Centre Limited (Note 11)|150,000|150,000| ||Loans due|from beneficiaries|||7,230|6,951| ||Investment|income|due|from Charles Stanley|9,804|5,636| ||Prepaid expenditure||and|accrued income|1,270|1,230| ||||||168,304|163,817| |14|Creditors: amounts|falling due within one year|falling due within one year|2021|2020| |---|---|---|---|---|---| |||||f|| ||Grant commitments|(note 5)||44,071|58,889| ||Accrued expenditure|& income received|in advance|8,402|11,524| ||Other tax &social security|||2,024|942| ||Rent deposit|||10,092|10,082| |||||64,589|81,437| ## ## ||||||||||Transfers|| |---|---|---|---|---|---|---|---|---|---|---| ||||||||||and Other|| ||||||||||recognised|| ||||||||Incoming|Resources|gains/|| |Funds||||||2020|Resources|Expended|(losses)|2021| ||||||||f|f|f|f| |Restricted|funds|||||||||| |John Fernald|||Award|||23,115|0|||23,115| |Sinking
Fund|||- Tenants|||18,269|1,859|||20,128| |Way to Work|||||||0|||| ||||||||1,025,000|(885,583)|(139,417)|| |||||||41,384|1,026,859|(885,583)|(139,417)|43,243| |Unrestricted|||Funds|||||||| |Accumulated|||General|Fund||10,561,660|305,629|(767,606)|3,261,502|13,361,185| |Designated
Charity||Funds - Sinking|||Fund|7,044|391|||7,435| |||||||10,568,704|306,020|(767,606)|3,261,502|13,368,620| |Total funds||||||10,610,088|1,332,879|(1,653,189)|3,122,085|13,411,863| |Comparative|||analysis:|||||||| ||||||||||Other|| ||||||||Incoming|Resources|recognised|| |||||||2019|Resources|Expended|gains|2020| |||||||f||f|f|f| |Restricted funds||||||||||| |John Fernald|||Award|||27,299|816|(5,000)|-|23,115| |Sinking
Fund||- Tenants||||16,410|1,859|||18,269| |Way to Work||||||0|3,515|(7,655.00)|4,140,00|0| |||||||43,710|6,190|(12,655)|4,140|41,384| |Unrestricted|||Funds|||||||| |Accumulated|||General|Fund||12,362,894|465,120|(475,702)|(1,790,652)|10,561,660| |Designated
Charity|Funds - Sinking||||Fund|6,653|391|||7,044| |||||||12,369,546|465,511|(475,702)|(1,790,652)|10,568,704| |Total funds||||||12,413,256|471,701|(488,357)|(1,786,512)|10,610,088| ## ## ## ## ## |Analysis ofnet assets|Analysis ofnet assets|between|total funds||Unrestricted|Restricted|Total| |---|---|---|---|---|---|---|---| ||||||funds|funds|2021| |Fund balances at|31March 2021 are represented|||by:||f|F| |Fixed assets including||freehold|property||1,700,001||1,700,001| |Listed investments|||||10,913,109|43,243|10,956,352| |Loans: amounts
falling||in due in more than one||year|150,000||150,000| |Cash at bank and|in hand||||651,795||651,795| |Other net current|liabilities||||(46,285)||(46,285)| ||||||13,368,620|43,243|13,411,863| |Comparative
analysis:|||||||| ||||||Unrestricted|Restricted|Total| ||||||funds|funds|2020| |Fund balances at|31March 2020 are represented|||by:|f||F.| |Fixed assets including||freehold
property|||1,700,001||1,700,001| |Listed investments|||||8,329,970|41,384|8,371,354| |Loans: amounts
falling||in due in|more than one year||150,000||150,000| |Cash at bank and|in hand||||456,353||456,353| |Other net current|liabilities||||(67,620)||(67,620)| ||||||10,568,704|41,384|10,610,088| ## ## ## ## ## ## ##