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|||Page|
|---|---|---|
|Trustees'
report||1-5|
|Trustees'
responsibilities
statement|||
|Independent
auditors'|report on the financial statements|7-9|
|Statement offinancial|activities|10|
|Balance sheet|||
|Notes to the financial|statements|12-21|
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|Structure, g|overnance
and m|anagement
(continued)|||
|---|---|---|---|---|
|Independent|auditors|MHA Maclntyre|Hudson||
|||Chartered
Accountants|||
|||Statutory Auditors|||
|||Moorgate House|||
|||201 Silbuiy Boulevard|||
|||Milton Keynes|||
|||Bucking hamshire|||
|||MK9 1LZ|||
|Bankers||Arbuthnot
Latham|||
|||7 Wilson Street|||
|||London|||
|||EC2M 2SN|||
|Solicitors||Withers
LLP|||
|||20 Old Bailey|||
|||London|||
|||EC4M 7AN|||
|Investment|Managers|Waverton
Investment||Management|
|||16Babmaes Street|||
|||London|||
|||SW1Y6AH|||
|Risk Management|||||
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||||Unrestricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
|||Note|2022
f|2022
f|2022f|2021|
|Income and endowments|from:||||||
|Donations
and legacies|||117||117|10,061|
|Investments|||265,321||265,321|134,518|
|Total income and endowments|||265,438||265,438|144,579|
|Expenditure
on:|||||||
|Raising funds||5||60,740|60,740|60,502|
|Charitable
activities||8|1,353,402||1,353,402|348,608|
|Total expenditure|||1,353,402|60,740|1,414,142|409,/10|
|Net expenditure
before net gains on|||||||
|investments|||(1,087,964)|(60,740)|(1,148,704)|(264,531)|
|Net gains on investments||||425,665|425,665|1,345,110|
|Net (expenditure)/income|||(1,087,964)|364,925|(723,039)|1,080,579|
|Transfers between
funds|||1,087,964|(1,087,964)|||
|Total transfers|||1,087,964|(1,087,964)|||
|Net movement
in funds||||(723,039)|(723,039)|1,080,579|
|Reconciliation
offunds:|||||||
|Total funds brought
forward||||9,589,319|9,589,319|8,508,740|
|Net movement
in funds||||(723,039)|(723,039)|1,080,579|
|Total funds carried forward||||8,866,280|8,866,280|9,589,319|
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|||||Note|||2022f|||2021|
|---|---|---|---|---|---|---|---|---|---|---|
|Fixed assets|||||||||||
|Investments|||||||8,843,726|||9,586,656|
||||||||8,843,726|||9,586,656|
|Current assets|||||||||||
|Debtors||||||75|||480||
|Cash at bank and|in hand|||||49,143||27,143|||
|||||||49,218||27,623|||
|Creditors: amounts|falling due||within one||||||||
|year||||13||(26,664)||(24,960)|||
|Net current assets|||||||22,554|||2,663|
|Total assets less|current liabilities||||||8,866,280|||9,589,319|
|Net assets excluding||pension|asset||||8,866,280|||9,589,319|
|Total net assets|||||||8,866,280|||9,589,319|
|Charity funds|||||||||||
|Endowment
funds|||||||8,866,280|||9,589,319|
|Restricted funds|||||||||||
|Unrestricted
funds|||||||||||
|Total funds|||||||8,866,280|||9,589,319|
|The
financial
/Q
QPrtvu ~&|statements
+02+||were|approved|and|authorised
for
issue
by
and signed on their behalf by:
!|||the|Trustees
on|
|Mrs J MHoope~~||||||Mrs C|Reihill j
~(|g~|/||
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||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2022f|2022|2021|
|Donations|||10,000|
|Royalty income|117|117|61|
||117|117|10,061|
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|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2022|2022f|2021
E|
|UK Equities and Unit Trusts||168,877|168,877|35,014|
|Overseas|Equities|96,444|96,444|99,504|
|||265,321|265,321|134,518|
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|||Endowment|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2022|2022f|2021|
|Investment|management|60,740|60,740|60,502|
|||||Grants to|Total|Total|
|---|---|---|---|---|---|---|
|||||Institutions|funds|funds|
|||||2022|2022|2021|
|||||F|E||
|Grants,|prizes|8|donations|1,328,355|1,328,355|305,994|
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|Grants Payable for the year|||||
|---|---|---|---|---|
||2022|||2021|
||K||||
|Educational
Support|||||
|Garsington
Opera Education|8,000|||8,000|
|Annos Africa|4,300|||4,300|
|Achievement
for All|1,500|||3,000|
|Kiran Society||||30,000|
|Farms for City Children|10,000|||10,000|
|The Children's
Bookshow|20,000||||
|The Anne Frank Trust||||6,000|
|Royal Society of Literature - reading together programme|15,000||||
|Tristan Carter (cello tuition)|2,400||||
|Support for the arts|||||
|Garsington
Opera - Arts Hub|50,000||||
|Stephen Spender Prize/Trust|5,000|||5,000|
|Arkbound
Foundation|5,000|||5,000|
|St Stephen's
Church - music|15,000|||15,000|
|British Film Institute|20,000|||20,000|
|English
National
Ballet|15,000||||
|English Touring Opera|3,000||||
|Four Corners|5,000||||
|Deborah Rogers Foundation||||10,000|
|High Tide|6,000|||3,000|
|Royal Court Theatre|5,000|||5,000|
|National Opera Studio||||5,000|
|Holland
Park Opera|5,000||||
|Wiltons Music Hall||||25,000|
|British Library|10,469|||10,000|
|Soldiers Arts Academy|5,000|||5,000|
|LAMDA (London Academy of Music 8 Dramatic Art)|2,500|||2,500|
|Imperial War Museum|5,000|||8,000|
|National Theatre|25,000|||25,000|
|Sound & Music|5,000
gpss@,|||5,000|
|Royal College of Music|5,000||||
|Unicorn Theatre (Carol Jenner Productions)|5,000|||5,000|
|The Little Angel Theatre|1,980|||2, '/00|
|Wild Plum Arts|2,500|||4,650|
|Young Classical Artists||||5,000|
|StAnza, Scotland's
Poetry Festival|4,500||||
|Orchestra ofthe Age of Enlightenment|3,000||||
||||,|Page 16|
||PRACTICAL|TRUST
s'r.~|||
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|The T.S.Eliot Foundation|||1,000,000||
|---|---|---|---|---|
|Support for disadvantaged|groups||||
|The Book Trade Charity|||10,000|10,000|
|Autism
Bedfordshire
(covid crisis appeal)||||5,766|
|The Felix Project (emergency|funding)||25,000|25,000|
|MK Womens
Aid (emergency|funding)|||7,678|
|The Need Project (food bank)||||3,000|
|Refuge (emergency
funding)|||5,000|2,500|
|Hospital Rooms (Bethlem
Mental Health||Unit)|2,500|20,000|
|The Dalgarno
Neighbourhood|Trust (food bank)||3,000|3,000|
|Helen 8 Douglas Hospice|||2,550||
|The Daisy Garland|||5,656||
|Latymer Community
Church|||2,500|2,500|
|The Big Issue Foundation|||5,000||
|Grants payable
in the year|||1,328,355|305,994|
|Analysis ofexpenditure
on|charitable|activities|||
|Summary
by fund type|||||
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|||Total|Total|
|---|---|---|---|
|||funds|funds|
|||2022|2021|
|Salaries 8 social security||7,692|7,695|
|Bank charges||70|190|
|Sundry||35|35|
|Website costs||1,980|2,080|
|Legal fees||5,250|2,650|
|Governance|costs- Audit and accountancy|10,020|29,964|
|||25,047|42,614|
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|||Listed|
|---|---|---|
|||investments|
|||f.|
|Cost or valuation|||
|At 1 April 2021||9,586,656|
|Purchases/
accumulations/|equalisations|3,892,112|
|Net movement
in portfolio|cash on capital accoount|(313,492)|
|Sale proceeds from disposals||(4,T4T,215)|
|(Loss)/gain
in the year||425,665|
|At 31 March 2022||8,843,726|
|Net book value|||
|At 31 March 2022||8,843,726|
|At31March 2021||9,586,656|
##
|||2022|2021|
|---|---|---|---|
|||E||
|Due within|one year|||
|Prepayments|and accrued income|75|480|
|||75|480|
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