2022-04-05-accounts - The Harding Trust

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Trustees		Mr John Paul Claude	Mr John Paul Claude	Fowell
		Mr Michael Norman		Lloyd
		Mr Geoffrey George		Wall
		Mr Richard David Platt
Charity number		328182
Independent	examiner	Jean Ellis BAFCA CTA
		Castle Chambers
		43 Castle Street
		Liverpool
		L2 9TL
Accountants		DSG Chartered	Accountants
		Castle Chambers
		43Castle Street
		Liverpool
		L2 9TL
Solicitors		Brabners LLP
		Horton House
		Exchange Flags
		Liverpool
		L2 3YL
investment	advisors	Canaccord Genuity		Wealth Management
		Saggar House
		Princes Drive
		Worcester
		WR1 2PG

			Page
Trustees' report			1-6
Independent examiner's		report
Statement offinancial	activities
Balance sheet
Notes to the financial	statements		10-17

			Unrestricted	Unrestricted	Total	Total
			funds	funds
			Revenue	Capital
			2022	2022	2022	2021
		Notes	8	8	8	8
Income from:
Investments		2	204,430		204,430	150,352
~E* do
Raising funds				20,120	20,120	18,335
Charitable activities		4	128,315	8,286	136,601	139,044
Total resources expended			128,315	28,406	156,721	157,379
Net gains/(losses)	on investments			207,621	207,621	1,006,119
Net movement in	funds		76,115	179,215	255,330	999,092
Fund balances at 6April 2021			248,367	5,464,700	5,713,067	4,713,975
Fund balances at	5April 2022		324,482	5,643,915	5,968,397	5,713,067

				2022		2021
			Notes			8
Fixed assets
Tangible assets			10		21,784		24,118
Investments			11		5,492,295		5,370,617
					5,514,079		5,394,735
Current assets
Cash at bank	and in	hand		477,622		345,128
Creditors: amounts		falling due within
one year			13	(23,304)		(26,796)
Net current assets					454,318		318,332
Total assets	less current liabilities				5,968,397		5,713,067
Unrestricted	funds
Capital funds					5,643,915		5,464,700
Revenue funds					324,482		248,367
					5,968,397		5,713,067

							2022	2021
							6	6
Income	from UK equities,	investment		trusts,	unit	trusts 8 OEICs	143,855	96,910
Income	from foreign equities,		investment trusts,			unit trusts 8OEICs	34,976	26,114
Income	from UK interest	bearing investments					19,490	18,817
Income	from foreign interest		bearing	investments			6,109	8,451
Interest	receivable							59
							204,430	150,352

Raising funds	Raising funds
		2022	2021
Investment	management	20,120	18,335
		20,120	18,335

					Grant	Piano hire	Total	Total
					funding		2022	2021
					8			8
Depreciation		and impairment				2,334	2,334	2,334
Gilberts Piano			Storage					576
Insurance								33
						2,334	2,334	2,943
Grant funding			of activities (see note 5)		115,028		115,028	118,500
Share of	support costs (see note 6)				4,839		4,839	3,933
Share of	governance			costs (see note 6)	14,400		14,400	13,668
					134,267	2,334	136,601	139,044
Analysis	by	fund
Revenue	funds				125,981	2,334	128,315
Capital funds					8,286		8,286
					134,267	2,334	136,601
Forthe year		ended		5April 2021
Revenue	funds				128,253	2,943		131,196
Capital funds					7,848			7,848
					136,101	2,943		139,044

		2022	2021
		5	8
Grants to institutions:
Musical donations	(see appendix)	104,528	108,000
Other donations	(see appendix)	10,500	10,500
		115,028	118,500

Supportcosts	Supportcosts
		Support	Governance	2022	2021
		costs	costs
		f	f
Secretarial	support fees	4,099		4,099	1,939
Travel expenses and costs ofmeetings		740		740	1,994
Accountancy			5,670	5,670	5,400
Examiner				444	420
Legal and	professional		8,286	8,286	7,848
		4,839	14,400	19,239	17,601
Analysed	between
Charitable	activities	4,839	14,400	19,239	17,601

			2022	2021
			6
Revaluation	of	investments	146,727	900,494
Gain/(loss)	on	sale ofinvestments	60,894	105,625
			207,621	1,006,119

Tangible	fixed asset	s
			Plant and equipment	(Piano)f
Cost
At 6April	2021			46,680
At 5 Apdil	2022			46,680
Depreciation and impairment
At 6April	2021			22,562
Depreciation charged		in the year		2,334
At 5April	2022			24,896
Carrying	amount
At 5April	2022			21,784
At 5April	2021			24,118

	Listed
	investments
Cost or valuation
At 6April 2021 Additions Valuation changes Profit/(loss) on sales Disposals	5,370,617 1,055,747 146,727 60,894 (1,141,690)
At 5April 2022	5,492,295
Carrying amount
At 05Apdil 2022	5,492,295
At 05April 2021	5,370,617

		nsrum	ns		2022	2021
	Carrying	amount	offinancial	assets
	Equity instruments		measured	at cost less impairment	5,492,295	5,370,617
	Carrying	amount	offinancial	liabilities
	Measured	at fair value through		profit or loss
	Measured	at amortised cost			23,304	26,796
Creditors: amounts falling due within one year
					2022	2021
					6
Trade Other	creditors creditors				5,533 17,771	5,533 21,263
					23,304	26,796

Analysis ofnet assets between funds
	Revenue	Capital	Total	Total
	Funds	Funds
	2022f	2022	2022f	2021 f
Fund balances at 5April 2022 are represented
by:
Tangible assets		21,784	21,784	24,118
Investments		5,492,295	5,492,295	5,370,617
Current assets/(liabilities)	324,482	129,836	454,318	318,332
	324,482	5,643,915	5,968,397	5,713,067

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DIX 1 DULE OF DISTRIBUTION	S
		2022		2021
l Donations
Barber Institute Recital Series
Birmingham Piano Festival		2,528.20
City of Birmingham Symphony Clonter Farm Music Trust	Orchestra	6,000.00		3,000.00
Codsag Arts Fesitval
English Haydn Fesitval
Early Music as Education
National Youth Jazz Orchestra		4,000.00
MILOS		6,000.00
Harding Trust Piano Recitals		25,000.00		25,000.00
Haydn Bridgnorth Festival Malvern Theatres Trust		10,000.00		13,000.00
Nantwich Choral Society				1,500.00
Nutcracker Project (Dariescu] Patrons Victoria Hall Organ				3000.00
Stoke on Trent Fesitval		45,000.00		45,000.00
Stoke on Trent Music Service
Stoke on Trent Repertory Theatre Syd Lawrence Orchestra Talon Music		3,000.00		5,000.00 3,500.00 3,000.00
Halle Concert Society
Yamaha International Piano Series
Askonas Holt				6,000.00
Wombou me Choral Society
Worcestershire Youth Theatre		3,000.00
Sandbach Concert Series
			104,528.20		108,000.00
Donations
British Red Cross
Donna Louise Trust				1,500.00
Douglas Macmillan Hospice Katharine House Hospice		3,000.00 1,500.00		1,500.00 1,500.00
Midland Air Ambulance		2,000.00		2,000.00
Kabanda Trust		3,D00.00		3,000.00
StJohn Ambulance		1,000.00		1,000.00
			10,500.00		10,500.00
			115,028.20		118,500.00