## |Contents||||| |---|---|---|---|---| |||||Page| |Legal and Administrative|||Information|| |Report ofthe|Trustees|||2-9| |Independent|Auditors'|Report||10-12| |Statement of|Financial Activities|||| |Balance Sheet||||| |Cashflow Statement||||| |Notes forming|part ofthe||Financial Statements|16-27| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||Notes|Unrestricted
Funds|Restricted
Funds|Total
2022|Total
2022|Total
2021| |---|---|---|---|---|---|---|---| |Income:|||E|f|||E| |Donations and legacies
Charitable
activities|||2,547|325,000|327,547||21,461| |Investments|||||||1,025,000| |Rental income|||342,587|591|343,178||224,331| ||||59,315|1,859|61,174||62,087| |Total income|||||||| ||||404,449|327,450|731,899||1,332,879| |Expenditure:|||||||| |Raising Funds|||||||| |Investment
management
Property expenditure|||36,487
42,174||36,487
42,174||28,875
32,119| |Charitable
activities|||||||| |Grants payable
Grant related support costs
Welf'are and bad debt advice|||497,140
66,2S7
15,099|99,299|596,439
66,287
15,099||1,503,003
74,555
14,637| |Total expenditure|||657,187|99,299|756,486||1,653,189| |Operating
surplus/(deficit)|before other||||||| |recognised gains and losses|||(252,738)|22S,151|(24,587)||(320,310)| |Transfers between funds|||||||| |Other recognised gains and|losses:||||||| |Gains/(losses)
on listed investments|||||||| |Realised gains/(losses}
Unrealised
gains/(losses)
Gains/(losses)
on freehoid property||11
11|12,017
(165,164}||12,017
(165~164)||157,234
2.964IS51| |Unrealised
gains/(losses}|||100,000||100,000||| |Net movement
in funds for the year|||(305,885)|228,151|(77,734)||2,801,775| |Reconciliation offunds|||||||| |Total funds brought forvvard
Total funds carried forward||15|13,062,735
13,368,620|271,394
43,243|13,334,129
13,411,863|13,411,863
10,610,088|| ## ## |Balance Shee|t as at3IMarch 2022|||| |---|---|---|---|---| ||||Total|Totai| |||Notes|2022|2021| |Fixed assets||||| |Freehold property
Tangible assets
Investments:||10
10|1,800,000
1|1,700,000
1| |Listed investments||||| ||||10,966,737|10,956,352| ||||12,766,738|12,656,353| |Current assets||||| |Debtors: amount
Debtors: amount
Cash at bank|falling due within one year
falling due after more than one year|13
13|166,306
6,180|161,593
6,711| ||||630,272|651,795| |Current liabilities|||802,758|820,099| |Creditors: amounts|failing due in one year||{235,367)|{64,589)| |Net current assets||||| ||||567,391|755,510| |Total assets less current liabilities||||| ||||13+34&129|13,411,863| |Net assets||||| ||||13,334,129|13,411,863| |Funds||||| |Unrestricted
funds||||| |General fund
Designated
funds
Restrkted funds||14
14
14|13,054,909
7,826
271,394|13,361,185
7,435
43,243| |Total funds||||| ||||13,334,129|13'411,863| ## ## |Cashflovv Statement|||||||||| |---|---|---|---|---|---|---|---|---|---| |||||||||Total|Total| |||||||||2022|2021| |Cash used in operating
activities:||||||||f|f| |Net cash provided
by operating|activities||||||||| |||||||||(201,169)|(565,975)| |Interest
income|||||||||| |Dividend
income||||||||30|| |Purchase ofInvestments||||||||343,148|224,260| |Proceeds from sate ofinvestments||||||||(1,095,296)|(517,287)| |||||||||931,764|1054374| |Cash provided
by (used in) investing|||activities||||||| |||||||||179,646|761,417| |Change
in cash and cash equivaients|||in the reporting|||period||(21,523)|195,442| |Cash and cash equivalents
at the|beginning ofthe year|||||||651,795|456,353| |Total cash and cash equivalents|at|the end ofthe year||||||630,272|651,'795| |Reconciliation ofcash equivalents
Cash at bank||at|the||end ofthe|year:|||| |Cash awaiting
investment||||||||615,667|615,648| |||||||||14,605|14,624| |||||||||630,272|630,272| |Reconciliation ofnet income to net cash flow from operating
Net (expenditure)/Income
forthe reporting
period
Deduct interest income shown
in investing
activities|||||||activities|(77,734)|2,801,775| |Deduct dividend
income shown
in
Add back losses on investments|investing||||activities|||(31)
(343,148)|(7o.oo}
(224,260)| |Decrease
in debtors||||||||53,147
(3,122,085)|| |Increase
in creditors||||||||(4,181)|(4,488)| |Net cash provided
by/(used
in) operating||||activities||||170,778
(201,169)|(16,847)
(565,975)| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Charitable activities||2022|2021| |---|---|---|---| |Restricted Grants:|||E| |The Arts Councii
The Combined Theabical Appeals
Acting for Others
Audibles|Council||850,000
80,000
80,000| ||||15,000| |||0|2.0254)00| |Investments||2022|2021| |||E|E| |Dividends
and interest receiveable
Bank interest receivable|from investments|343,148
30|224,260
71| |||045,175|224831| ## |Grantsaable||||| |---|---|---|---|---| |py|||ZOZ2|ZOZ1| |Education 8 training grants to 52 individuals
(2021:66)
Welfare &benevolence
grants to 284 individuals
(2021:4Q7}
Education
grants to1institution
{2021;1)
Theatrical grants to3institutions
(2021:3)
iohn Femauld Award grants to Nil institutions
{2021.Nfl)|||E
87,808
299,332
90,000
20,000|E
107,661
389,759
45,000
75,000| |Arts Council grants to Nil individuals
{2021:694)
Audible grants to Nil individuals
(2021:30)
CAF Donor grants to65individuals
(2021:Nii)|||99,299|870„583
15,000| |Grants made to institutions
comprise:||||1,503,003| |Dancers' Career Development
Interact
Traverse Theatre
Kings Head Theatre
Theatre 502 - R Murrell
Alnwick Theatre|||90,000
10,000
5,000
5,000|45,000
25,000
35,000
15,000| ||||110,000|120,000| ## |6|Reconciliation ofgrants payable|2022|2021| |---|---|---|---| ||Commitments
at 1April 2019|44,071|58,889| ||Commitments
made
in the year
Grants cancelled and returned|596,439|1,503,003| ||Grants payable forthe year|596,440|0
1,503,003| ||Grants paid during the year
Commitments
at31Nlarch 2020|(436,892)
203,618|(1,517,822)
44,071| ||Commitments
payable:||| ||Within one year|203,618|44,0?1| ## ## |7|Total expenditure
Raising funds|Direct costs
f|Staff costs|Staff costs|Office support
costs
f|Total costs
2022| |---|---|---|---|---|---|---| ||Investment
management
investment
property|36,487
26,748||7,059|8,367|36,487
42,174| ||Charitable
activities|||||| ||Grants payable
Grant related support costs
Welfare and bad debt advice|596,439||40,896
4,220|25,391
10,879|596,439
66,287
15,100| |||659,674||52,175|44,637|756,486| ||Comparative
analysis|Direct costs|Staff|costs|Office support
costs|Total costs
2021| ||Raising funds||||f|f| ||Investment
management
investment
property|28,875
13,472||10,138|8,509|28,875
32,119| ||Charitable
activities|||||| ||Grants payable
Grant related support costs
Welfare and bad debt advice|1,503,003||54,123
4,524|20,432
10,113|1,503,003
74,556
14,637| |||1,545,350||68,785|39p054|1,653,189| ||Analysis ofsupport costs|Total costs
2022|Total costs
2021|||| |||f|f|||| |Professional
fees
Audit fees
Copier, telephone
and printing
Other administration
costs
Advertising||31,803
5,400
3,899
2,535
1,000|24,801
5,400
4,274
1,829
2,750|||| |||44,637|39,054|||| ## ## |tes formin|g pa|rt ofthe Financial Statements||| |---|---|---|---|---| |Governance|costs|||| |Governance
Staffcosts|costs|include:||2021
f| |Other|||10,588|15,207| |Auditors remuneration:|||3,527|2,411| |Audit fee||||| ||||5,400|5,400| ||||19,515|23,018| ## ## ## ## |Tangible Axed assets||| |---|---|---| |Freehold property
Market value at 1April 2021
Revaluation
Market value at31March 2022|2022
1,700,000
100,000
1,800,000|2021
f
1,700,000
0
1,700,000| |Historical cost representing||| |acquisition
and refurbishment|1,845,534|| |expenditure||| ## ## ## ## |||||2022|2021| |---|---|---|---|---|---| |Net book value||||f|f| |At 31March 2021|||||| |At 31March 2020|||||| |Fixed asset investments|||||| |Listed investments||||2022
f|2021| |Market value at 1April 2021
Additions at cost
Disposal proceeds
Realised investment
gains/{losses)
in
Unrealised
investment
gains/{Iosses)
Niarket value at31March 2022|||the year
in the year|10,9S6,352
1,095,296
{931,764)
12,01?
(165,164)
10,966,737|8,371,354
517,287
(1,054,3?4)
157,234
2,964,851
10,956,352| |Cash awaiting
investment||||14,605|14,624| |||||10,981,342|10,970,976| |Historical cost||||6,082,641|6,082,641| |Investments
at market|value comprise:||||| |Equity shares
UK
Equity shares overseas
Fixed interest securities
Property and aiternative|UK
investments|||7,871,250
2,056,077
786,410
253,000|7,805,072
2,111,487
822,793
217,000| |||||10,966,737|10,956,352| |Current asset: loan payable on demand|||||2021| |Included
within debtors|(Note 12) is|the following amount:-|||| |The Actors Professional|Centre Umited|||150,000|150,000| ## ## ## |No|tes formi|ng part of|the Financial Statements||| |---|---|---|---|---|---| |13|Debtors||||| |||||2022|2021| ||The Actors Professional
Centre Limited {Note11j
Loans due from beneficiaries
investment
income due from Charles Stanley
Prepaid expenditure
and accrued income|||150,000
6,180
14,292
2,014|f
150,000
7,230
9,804
1,270| |||||172,486|168,304| |14|Creditors: amounts|falling due within one year|falling due within one year|2022|2021| |---|---|---|---|---|---| ||Grant commitments
{note5j
Accrued expenditure
&income received
Other tax &social security
Rent deposit||in advance|f
203„618
20,450
1,201
10,098|f
44,071
8,402
2,024
10,092| |||||235,367|64,589| ## ## |||||||||||Transfers||| |---|---|---|---|---|---|---|---|---|---|---|---|---| |||||||||||and Other||| |||||||||||recognised||| ||Funds||||||2021|Incoming
Resources|Resources
Expended|gains/
(losses)||2022| ||Restricted funds|||||||E|E|E||F.| ||John Fernald Award
5inking
Fund - Tenants
CAF anonymous
Donor
The Combined
Theatrical
Council||||Appeals||23,115
20,128|591
1,859
250,QOO
75,000|(99,299)|||23,706
21,987
150,7Q1
75,000| ||Unrestricted|Funds|||||43,243|327,450|{99,299}||0|271,394| ||Accumulated
Designated
Charity|General
Fund
Funds - Sinking||||Fund|13,361,185
7,435|404,058
391|(657,187)|{53,147)||13,054,909
7,826| ||||||||13,368,620|404,449|{657,187}|(53,147)||13,062,735| ||Total funds||||||13,411+63|731,899|(756,486)|(53,147)||13@34,129| ||Comparative|analysis:||||||||||| |||||||||||Other||| |||||||||Incoming|Resources|recogmsed||| ||||||||2020|Resources|Expended|gains||| ||||||||E|E||E||| ||Restricted funds|||||||||||| ||John Fernaid
Sinking Fund
Way to Work|Award
-Tenants|||||23,115
18,269|0
1,859
0||||23,115
20,128| |Unrestricted
Accumulated||Funds
General|Fund||||41,384|1,025,000
1,Q26,859|(885,583)
(885,583}|(139,417}
{139,417)||43,243| ||Designated
Funds - Sinking|||||Fund||||||| |Charity|||||||10,561,660|305,629|(767,606)|3,261,502||13,361,185| ||||||||7,044|391||||7,435| |Total funds|||||||10,568,704|306,020|(767,606)|3,261,502||13,368„620| ||||||||10,610+88|1+32,879|(1,653,189)|3,122,085||13,411,863| ## ## ## ## |16|Analysis ofnet assets between|total funds||Unrestricted|Restricted|Total| |---|---|---|---|---|---|---| |||||funds|funds|2022| ||Fund balances at31March 2022 are represented||by:|f||f| ||Fixed assets including
freehold
property
Listed investments
Loans: amounts
falling in due in more than one||year|1,800,001
10,966,737
150,000|0
0
0|1,800,001
10,966,737
150,000| ||Cash at bank and in hand
Other net current
liabilities|||358,878
(212,8S1)|271,394
0|630,272
(212,881}| |||||13,062,735|271,394|13,334,129| ||Comparative
analysis:|||||| |||||Unrestricted|Restricted|Total| |||||funds|funds|2021| ||Fund balances at31March 2021are represented||by:|f.|f|f.| ||Fixed assets including
freehold property
Listed investments|||1,700,001
10,913,109|43,243|1,700,001
10,956,352| ||Loans: amounts
falling in due in|more than one year||150,000||150,000| ||Cash at bank and in hand
Other net current
liabilities|||651,795
(46,285)||651,795
(46,2S5)| |||||13,368,620|43,243|13,411,863| ## ## ## ## ## ##