The D’Oyly Carte Charitable Trust
Report and Accounts
2014
Registered Office: 1 Savoy Hill, London WC2R 0BP
Company Limited by Guarantee No. 5638406 Registered in England C harity Registration No. 1112457
The D'Oyly Carte Charitable Trust
The D‘Oyly Carte Charitable Trust is a Company Limited by Guarantee No. 5638406 Registered in England Charity Registration No. 1112457 2
The D'Oyly Carte Charitable Trust
Report and Accounts for year ended 31st March, 2014
INDEX Page(s) Trustees' Report
Historical Background 5 Governing Document 6 Measuring Impact and Public Benefit 6 Charitable Objective 6 Grant-making Priorities 7 Grant-making Restrictions/Exclusions 8 Trustees 9 Governance 10 Administration 11 Application procedure 13 Overview 13 Monitoring and Evaluation 14 Investment Management 15 Financial Review 19 Reserves Policy 21 Internal Controls 21 Risk Management 21 Annual Review D'Oyly Carte Chair in Medicine and the Arts at King's College London 22 General Grant Activity for the year ended 31st March, 2014 26 Trustees' Responsibilities 51 Accounts for the Year Ended 31st March, 2014
Auditor's Report 52 Statement of Financial Activities 54 Balance Sheet 55 Notes to the Accounts 56 Appendix 1
Grants 2013 & 2014 61
The D‘Oyly Carte Charitable Trust is a Company Limited by Guarantee No. 5638406 Registered in England Charity Registration No. 1112457 3
The D'Oyly Carte Charitable Trust
Trustees’ Report for the year ended 31st March 2014
Trustees Jeremy Leigh Pemberton CBE, DL (Chairman) Henry Freeland RIBA Andrew Jackson Dr. Michael O’Brien FRCP Francesca Radcliffe Julia Sibley MBE Andrew Wimble
Executive Director & Company Secretary Jane Thorne
Auditors Baker Tilly UK Audit LLP Portland, 25 High Street, Crawley, West Sussex, RH10 1BG
Bankers Barclays Bank Plc 1 Churchill Place London E14 5HP
Investment Managers Lazard Asset Management Schroders 50 Stratton Street 12 Moorgate London W1J 8LL London EC2R 6DA
Solicitors Macfarlanes LLP 20 Cursitor Street London EC4A 1LT
Registered Address 1 Savoy Hill, London WC2R OBP Tel 020 7420 2600 Fax 020 7240 8561
The D‘Oyly Carte Charitable Trust is a Company Limited by Guarantee No. 5638406 Registered in England Charity Registration No. 1112457 4
The D'Oyly Carte Charitable Trust
Historical Background
The D’Oyly Carte Charitable Trust was established in 1972 as an endowed grant- making foundation by the late Dame Bridget D’Oyly Carte, DBE, the grand-daughter of Richard D’Oyly Carte, the theatrical impresario who famously built and opened the Savoy Theatre in 1881 and then the Savoy Hotel in 1889.
Dame Bridget was a Director and Vice Chairman of the Savoy Group (which included the Savoy Hotel and the Savoy Theatre) and founded The D’Oyly Carte Charitable Trust to support her personal interests other than the Gilbert & Sullivan operas. Certain charities in which she took a special interest during her lifetime continue to be supported by the Trustees.
Dame Bridget D’Oyly Carte, DBE 1908-1985
The D‘Oyly Carte Charitable Trust is a Company Limited by Guarantee No. 5638406 Registered in England Charity Registration No. 1112457 5
The D'Oyly Carte Charitable Trust
Governing Document
In 2005, the Trustees decided to operate the charity as a Company Limited by Guarantee. In November that year a new company (No. 5638406 Registered in England) was set up and subsequently registered by the Charity Commission as The D’Oyly Carte Charitable Trust under Charity Registration No. 1112457 in December 2005. The Company is governed by a Memorandum and Articles of Association dated 14th September, 2005 and the operations and assets transferred to the Company as from 1st April, 2006. The initial members of the Company were the subscribers to the Memorandum and Articles of Association, and, in relation to the Companies Act 2006, the Trustees are also Directors of the Company.
Measuring Impact and Public Benefit
As a grant-making Trust, providing public benefit is at the heart of the Trust’s activity, as demonstrated in the pages that follow in this Report. In exercising their powers and duties, the Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Trust’s aims and objectives and in planning future activities and setting grant making policy.
Charitable Objective
The Trust’s objective is to make grants to Registered Charities concerned with the advancement of such exclusively charitable objects as the Trustees shall from time to time determine, in particular (but not limited to) the advancement of the arts, health and medical welfare and environmental protection or improvement, especially within the priorities of its grants policy. The review of the past year on pages 22 - 50 and the full list of grants on pages 61 to 72 demonstrate that this objective continues to be achieved.
The majority of the Trust’s grant-making is reactive and is measured against what individual charities are seeking to achieve. In most cases the D’Oyly Carte Charitable Trust is one of several funders and cannot therefore take sole credit for the outcomes achieved. The Trustees aim to create impact by supporting work that changes people’s lives for the better and this is where public benefit is most directly achieved.
The D‘Oyly Carte Charitable Trust is a Company Limited by Guarantee No. 5638406 Registered in England Charity Registration No. 1112457 6
The D'Oyly Carte Charitable Trust
Grant-making Priorities 2012-2015
Notwithstanding the Trust’s overall charitable objectives for the public benefit, the Trustees regularly review their policies, objectives and guidelines, and, following a full review in November 2011, determined that their grant-making priorities for the three years 2012-2015 would continue to focus on:-
The Arts
Promotion of access, education and excellence in the arts for young people to increase their opportunities to become involved outside school and to build future audiences with special emphasis on choral singing for children and young people to encourage recruitment into choirs
Access to the arts for people who have least access to them
Performance development of graduates in the performing arts in the early stages of their careers and to encourage their involvement in the community through performances and workshops for the benefit of those with special needs and those who would otherwise have no opportunity to hear or participate in a live performance
Support for charities seeking to engage with young people on the fringes of society through music and drama projects to improve their employability and diminish the risk of social exclusion
Medical/Welfare
Promotion and provision of music and art therapy to improve the quality of life for the elderly and the disabled, and in palliative care
Support for charities concerned with alleviating the suffering of adults and children with medical conditions who have difficulty finding support through traditional sources
Support and respite for carers with emphasis on the provision of holidays for those carers who wouldn’t normally have a break from their responsibilities – and with special emphasis on projects and schemes that allow young carers to enjoy being children
The D‘Oyly Carte Charitable Trust is a Company Limited by Guarantee No. 5638406 Registered in England Charity Registration No. 1112457 7
The D'Oyly Carte Charitable Trust
Support for charities seeking to rehabilitate young people on the fringes of society to improve their employability and diminish the risk of social exclusion
The Environment
Preservation of the countryside and its woodlands – with emphasis on the encouragement of voluntary work and active involvement in hands-on activities
Protection of species within the United Kingdom and their habitats under threat or in decline
Conservation of the marine environment and sustainable fisheries around the United Kingdom
Heritage conservation within the United Kingdom based on value to, and use by the local community – the Trust favours projects that seek to create a new use for fine buildings of architectural and historic merit to encourage the widest possible cross-section of use. (The Trust does not normally support major restorations unless a specific element of the work can be identified as appropriate to the aims of the Trust.)
Rural crafts and skills in heritage conservation, with emphasis on increasingly rare skills that would otherwise be lost
Grant-making Restrictions/Exclusions
The Trust is unlikely to support the following: -
Animal welfare Campaigning or lobbying projects Capital projects (unless a specific element falls within the Trust’s remit) Community transport organisations or services Conferences and Seminars Drug abuse or alcoholism rehabilitation Exhibitions Expeditions and Overseas Travel Friend/Parent Teacher Associations
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The D'Oyly Carte Charitable Trust
General and ‘round robin’ appeals Individuals or applications for the benefit of one individual Large national charities enjoying wide support Local authorities and areas of work considered a statutory requirement Medical Research NHS hospitals for operational and building costs Projects taking place or benefiting people outside the UK Recordings and commissioning of new works Religious causes and activities Routine maintenance of religious buildings Universities, Colleges, Schools, Nurseries, Playgroups (other than those for special needs children)
The Trustees will next undertake a full review of their grant-making policy, priorities and exclusions in November 2014 which will become effective from 1st April 2015.
The Trustees do not consider requests from charities that have had an application turned down until two years have elapsed after the date of rejection.
The D’Oyly Carte Charitable Trust is entirely separate from the aims and objectives of The D’Oyly Carte Opera Trust.
Trustees
The Governing Document allows for up to a maximum of ten and a minimum of three Trustees (also Directors for the purpose of company law) and those Trustees who served during the year were Jeremy Leigh Pemberton, CBE, DL (Chairman), Henry Freeland RIBA, Andrew Jackson, Dr. Michael O’Brien, FRCP, Francesca Radcliffe, Andrew Wimble and Julia Sibley who the Trustees were delighted to congratulate on the award of MBE for her services to the hospitality industry in the 2014 New Year Honours.
The Trustees are also the Members of the Company and, under the terms of its Articles, every Member promises, if the Charity is dissolved while he or she remains a member, or within 12 months afterwards, to pay up to £10 towards the costs of
The D‘Oyly Carte Charitable Trust is a Company Limited by Guarantee No. 5638406 Registered in England Charity Registration No. 1112457 9
The D'Oyly Carte Charitable Trust
dissolution and the liabilities incurred by the Charity while he or she was a member. Trustees are selected based on the knowledge and skills they can contribute to the aims of the Trust. Potential Trustees are interviewed by the Chairman, one other Trustee and the Executive Director, and a recommendation is then placed before the Board of Trustees for approval. All Trustees are experienced and actively involved with other charities.
During the year, Trustees attended a range of governance and investment seminars, and, in particular, Jeremy Leigh Pemberton attended a seminar for Charity Trustees hosted by the newly amalgamated Schroders and Cazenoves charity teams (see Investment Management on page 15), and Andrew Wimble attended the 12th Charity Finance Charity Investment Forum.
Governance
The D’Oyly Carte Charitable Trust is committed to applying the highest standards of ethical conduct and integrity in its business activities. The Trustees, also being Directors of the Company, and the Executive Director (Company Secretary), recognise their duty to ensure that the charity is compliant with the law and are committed to good governance and to implementing and enforcing effective systems throughout the organisation to prevent any improper conduct arising in their business dealings.
Against the background of the Trust’s work as defined in its objects, the Trustees consider that the risk of the charity contravening The Bribery Act 2010 to be very small. For the avoidance of doubt, however, The Trustees of The D’Oyly Carte Charitable Trust expressly prohibit anyone associated with the charity from offering, giving, soliciting or accepting any bribe (of whatever nature) in order to advantage in any way the charity, applicant charities, themselves or persons/businesses connected with either.
Hospitality Register
A Hospitality Register is maintained to record visits made by Trustees and/or staff to beneficiaries to whom grants are made or from whom grants are requested so as to monitor performance and standards in relation to grants made or applications received.
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The D'Oyly Carte Charitable Trust
Register of Trustees’ Interests
In accordance with the Charity Commissioners’ recommendation that charity trustees who may have a personal interest in any matter before the trustees should declare that interest and refrain from taking part in any discussion relating to it, a Register of Trustees’ interests is maintained and updated annually. Trustees are required to disclose all relevant interests and register them with the Executive Director, and, in accordance with the Trust’s policy, withdraw from decisions where a conflict of interest arises.
In addition, the connection of any Trustee with any application for a grant is not only noted in the papers circulated prior to a Trustee meeting but also declared at the meeting and recorded in the minutes of the meeting afterwards. Any such Trustee takes no part in any decision regarding any such application.
Auditor Review
In line with good governance, the Trustees carried out a review of their audit arrangements during the year. As a result, Baker Tilly Audit UK LLP was reappointed as Auditor for the year ended 31st March 2014.
Administration
The Trust is operated from offices managed by The Savoy and the Trustees continue to be grateful for the facilities made available to them.
The day to day management of the Trust’s business is carried out by the Executive Director whose remuneration for the time she spends in managing the Trust’s affairs is charged through The Savoy. The Executive Director is neither a Trustee nor a Director of the Company.
The Trust’s accounting function has been outsourced to The Trust Partnership since 1st February 2013.
The Trust Partnership is a specialist organisation with a diverse range of service offerings for trusts and grant making charities. With a flexible approach to clients’ requirements, its ‘shared services’ infrastructure aims to reduce costs and increase efficiency. Its services to charities include Charity Administration, Grant Management, Book-keeping and Accounting.
The D‘Oyly Carte Charitable Trust is a Company Limited by Guarantee No. 5638406 Registered in England Charity Registration No. 1112457 11
The D'Oyly Carte Charitable Trust
For the year under review, total incoming resources amounted to £1,361,483 compared to £1,264,950 in the previous year, an increase of 7.6%.
Grants agreed during the year amounted to £1,257,351 which was an increase of 42.30% over 2012/13 when grants totalling £883,573 were agreed.
Support costs were reduced during the year from £59,094 in 2012/13 to £55,685 (a decrease of 5.8%), and there was also a decrease in Governance costs from £30,725 in the previous year to £27,812, a reduction of 9.5%.
Costs of Generating Funds (Investment Management fees) increased by 6.98% from £170,020 in 2012/13 to £181,890 in 2013/14.
Annual Costs Comparison
The D‘Oyly Carte Charitable Trust is a Company Limited by Guarantee No. 5638406 Registered in England Charity Registration No. 1112457 12
The D'Oyly Carte Charitable Trust
Application Procedure
The Trustees make grants for charitable activity which they hope will improve the quality of life for people, in particular those who are disadvantaged in some way. The Trustees concentrate this activity by supporting charities in specific areas of interest, as reflected in their Grant-making Priorities, connected with the arts, medical welfare and the environment.
The Trust invites applications from charities whose operational area is within the United Kingdom. Applications from individuals are not considered. The majority of applications are considered by the Trustees three times a year in March, July/August and November/December. Charities wishing to apply for a grant are requested to write to the Executive Director with an outline proposal (two A4 pages is suggested). This is Stage 1, and guidance, if needed, can be obtained by telephone.
As the Trust receives a very large number of applications, and inevitably is unable to respond positively to each and every one, a filtering system is operated at this stage of the application process.
Applicants qualifying for further consideration (Stage 2) are then required to complete the Trust’s application form and to return it, with up to date annual accounts, by a specified date. Where funding is requested for a specific project, applicants should include information of the need the intended project is designed to meet and a budget.
Applicants are encouraged to study the Trust’s Guidelines before submitting an outline application (Stage 1) and again if they are invited to submit a full application (Stage 2) to ensure full compliance. Applications falling within the Trust’s stated grant-making priorities are given precedence.
Overview
The majority of grants made by the Trust are on a one-off basis although term grants are occasionally agreed for a maximum period of three years, particularly in respect of bursary funding for arts education.
The Trustees have continued their commitment to make grants to charities that do not enjoy a high profile in order to create significant impact on the work of the charity concerned; and, recognising the day-to-day funding needs of charities, the Trustees continue to consider applications for core costs.
The D‘Oyly Carte Charitable Trust is a Company Limited by Guarantee No. 5638406 Registered in England Charity Registration No. 1112457 13
The D'Oyly Carte Charitable Trust
Further information on grants made during the year under review follows in the Grant Activity section of this report and a full list of grants appears at the end of the financial section.
Monitoring and Evaluation
The public benefit of funding by the Trust is measured against the achievements of the charities funded by the Trust. Grant recipients are required to meet the Trust’s reporting requirements, which are communicated when a grant is awarded.
The Trust’s grant monitoring process aims to be ‘light touch’ and at present there is no formal monitoring or evaluation form to complete as some smaller charities can struggle under the burden of monitoring requirements.
The Trust seeks to avoid a disproportionate reliance on complex procedures both in the application process and in systematic attempts to evaluate the benefit achieved by its grants.
The benefit of understanding the impact of a small grant that has made a huge difference to someone’s quality of life is often outweighed by the effort in attempting to prove it. The Trustees endorse the belief that a good relationship between the funder and the funded should be based on trust and mutual respect on both sides.
Grant recipients are at present requested to submit their own short reports on the benefit achieved by the Trust’s grants and, as many of the Trust’s grants are contributions to projects also supported by one or several other donors, may submit information that has been prepared for another funder if this is appropriate.
“Not everything that is measured matters and not everything that matters can be measured.”
Debra Allcock-Tyler, Chief Executive of Directory of Social Change
The D‘Oyly Carte Charitable Trust is a Company Limited by Guarantee No. 5638406 Registered in England Charity Registration No. 1112457 14
The D'Oyly Carte Charitable Trust
Investment Management
The Trustees have the power to delegate discretionary powers of investment and all investments held by the Trust have been acquired in accordance with these powers.
Lazard and Schroders were re-appointed Fund Managers in June 2013 and continued to manage the Trust’s assets throughout the year under review. Cazenove Capital Management was acquired by Schroders in July 2013 to become a partnership of two charity and private client businesses with established heritages which will trade under the name of Cazenove Capital Management, as part of the Schroders Group.
Independent Investment Review
Mindful of their obligation under the Trustee Act 2000 to conduct periodic independent investment reviews, the Trustees continue to consider independent review of both incumbent Fund Managers on an annual basis. This year, in line with good governance, the Trustees agreed in March 2014 that a full review of their fund management should be undertaken in the next financial year, with a beauty parade of prospective fund managers to include both Schroders (now Cazenove Capital Management) and Lazard. Accordingly, Portfolio Review Services has been appointed by the Trustees to co-ordinate this review.
Investment Policy and Objectives
In accordance with the requirement under the Charity Commission Guidance for Trustees on Charities and Investment Matters (CC14) that charities should agree an overall written investment policy and objectives, the Trust’s updated investment policy and objectives in line with CC14 have been approved as follows.
Investment Policy Statement
The aims of this investment policy statement are to provide a framework for making investment decisions, to help the Trustees to manage the Trust’s resources effectively and to demonstrate good governance.
The financial objective of the Trust is to maintain the real value of the capital assets whilst generating a stable and sustainable return to fund grant making.
The overall total of the investment assets of The D’Oyly Carte Charitable Trust fluctuates depending on global market conditions. The value of the Trust’s total assets, as shown on the balance sheet as at 31st March 2014, was £48,279,781.
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The sole source of income for the Trust is derived from investment returns.
The Trustees take into account the professional advice offered by their Fund Managers regarding the market outlook, investment trends and yield, and the prospect for future capital growth when deciding on annual grant distributions.
The Trustees aim to distribute grants in the region of £1 million per annum and this varies from year to year depending on grant making opportunities and investment returns.
The Trustees of The D’Oyly Carte Charitable Trust have delegated decision making on investment matters to the Investment Committee.
During the year, the Trustees who served on the Investment Committee were Jeremy Leigh Pemberton (Chairman), Julia Sibley and Andrew Wimble (Deputy Chairman).
Investment Objectives
The Trust seeks to produce the best financial return within an acceptable level of risk.
The Trust’s investment portfolio is split between two Fund Managers, Lazard and Schroders, who were re-appointed for a further year in July 2013.
The current Investment Objective for Lazard is: to provide for increases in annual grant giving while preserving the portfolio’s capital base in real terms using a total return approach. The element of the portfolio that is managed by Lazard is currently fully invested in the Lazard Diversified Charity Fund (LDCF) and is therefore managed in accordance with the investment guidelines as laid out in the LDCF’s Scheme Particulars dated 22nd April 2009 as amended from time to time. The current benchmark for the LDCF is: 50% FTSE All-Share Index, 25% MSCI All Countries World Index and FTSE World ex UK Index and 25% FTA British Govt. All Stocks Index.
The current Investment Objective for Schroders is: to provide for increases in annual grant giving while preserving the portfolio’s capital base in real terms using a total return approach. This is to be achieved by adopting a moderate approach to risk and investing in a balanced and diversified portfolio of equities, bonds, alternatives and cash. The benchmark for Schroders is RPI +4% per annum over a 5 year period.
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The Trustees adopt a total return approach to investment, generating the investment return from income and capital gains. It is expected that if in any one year the total return is insufficient to meet the budgeted grant making expenditure, in the long term the real value of the Trust will still be maintained in accordance with the above investment objective.
Risk
Attitude to Risk. The Trustees rely solely on their return from the investments to fund their grant making. However, grants are generally one-off awards and the number and value of these may vary depending on circumstances.
The Trustees are able to tolerate volatility of the capital value of the Trust, as long as they are able to meet their short term grant making commitments through either income or liquid capital assets and are able to preserve the Trust’s capital base in real terms over the longer term.
Assets. The assets of The D’Oyly Carte Charitable Trust can be invested widely and are diversified by asset class by both manager and security. Asset classes include cash, bonds, equities, property, absolute return funds, private equity, commodities and any other asset as recommended by the Fund Managers that is deemed suitable for the Trust.
All of the Trust’s investments are held in the United Kingdom. No assets held in the portfolio represent 5% or more of the total portfolio value except for the Schroder Income Fund A Inc Unit (5.43%) and the Lazard Diversity Charity Fund units (46.82%).
The Investment Committee is responsible for agreeing a suitable asset allocation strategy with the Investment Managers, which is set and reviewed annually so as to ensure it is achieving the overall investment objective of the Trust.
Currency. The base currency of the Investment portfolio is Sterling. Investments may be made in non-sterling assets.
Credit. The Trust’s cash balances are deposited with JP Morgan Sterling Liquidity Fund. This Fund has a S&P credit rating of AAA, is traded daily and aims to offer a high level of security coupled with instant access and a competitive yield.
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The D'Oyly Carte Charitable Trust
Liquidity Requirements
The Trustees aim to distribute grants in the region of £1 million per annum. These grants can be funded from both income and capital.
A minimum of 2% of the total assets should be kept in cash or near cash investments at all times.
The Trustees aim to maintain free reserves in unrestricted funds at a level which equates to approximately six months of unrestricted charitable expenditure.
Time Horizon
The Trust is expected to exist in perpetuity and investments are managed on this basis. The Trustees therefore adopt a long term investment horizon.
Ethical Investment
The D’Oyly Carte Charitable Trust does not invest directly in tobacco related companies.
Lazard Diversified Charity Fund Stock Restrictions: Investments in companies where 5% or more of the revenue is derived from tobacco, military or firearms related industries is excluded, subject to Fund Manager override if deemed inappropriately restrictive.
These ethical restrictions will only be applicable to directly held equities and bonds and will not apply to exchange-traded funds or collective funds.
Fund Management, Reporting and Monitoring
The D’Oyly Carte Charitable Trust collaborates with another registered charity, The Savoy Educational Trust, for matters relating to Fund Management.
The two professional fund management firms, Schroders (now part of Cazenove Capital Management) and Lazard, manage the assets on a discretionary basis in line with their investment policy. The investment managers provide custody of assets.
The investment managers are required to produce a valuation and performance report quarterly. A joint Investment Committee comprising of representatives from both
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Trusts meets quarterly with representatives of both Fund Managers to review and monitor investment performance and asset allocation of the portfolios. Performance is monitored against the agreed market benchmarks and against the investment objective of RPI +4% per annum over a 5 year period. Notes of these meetings together with the quarterly investment reports from the Fund Managers are circulated to all Trustees. If any investment decisions have been taken at an investment committee meeting, or, for example, the asset allocation has been altered, these are drawn to the attention of all Trustees at the next Trustee meeting and minuted.
The Trustees have nominated a list of authorised signatories: two signatories are required to authorise investment instructions to the appointed Fund Managers, Lazard and Schroders, and one signatory is required to authorise the transfer of funds from the Fund Managers to Barclays Bank, the Trust’s bankers.
Financial Review
The bull market has now stretched to five years, with markets rallying strongly during the twelve months under review, and the experimental monetary policy, Quantitative Easing, introduced by central banks appearing to have been effective. However, the Trustees continue to be fully aware of risks, both geopolitical and economic, particularly the resilience of the recovery and the outlook for inflation – key factors in the performance of the different asset classes.
Global Equities made strong gains over the year due to ongoing accommodative global monetary policy, encouraging, albeit slow, progress of the US economic recovery, and signs of stabilisation in Europe. The MSCI AC World Index returned 6.72% in sterling terms and UK equities rose 8.81% with small cap stocks performing particularly well. In UK fixed income the Markit iBoxx Sterling Overall Index fell 1.28% over the year. The sell-off in government debt in the second half of the year was primarily driven by the strength of the economic recovery in the UK. Emerging markets lagged developed markets by some margin with investor concerns over falling growth in China and the impact of bond tapering in the US.
The US markets met and exceeded highs last seen in 2007 despite ongoing political uncertainty, as house prices continued to rebound, household assets and net worth rose, and federal fiscal deficits declined. Markets were increasingly volatile late in the second quarter amid uncertainty over US monetary policy.
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European markets rose as the euro zone exited its longest recession in over 40 years, giving investors hope that the region’s economy had stabilised. Euro zone finance ministers announced an agreement on a common “backstop” created to wind down failing banks, seen by many as a key step in the establishment of a long-awaited banking union for the currency bloc, while yields on sovereign debt continued to fall.
In the emerging markets, the prospect of a rising-rate environment in developed economies created currency volatility and capital outflows in many countries.
Investors had been drawn to emerging-market corporate and government bonds because of the high yields they offer relative to developed markets, providing emerging-market governments and companies with capital. More recently Russia’s annexation of Crimea and its potential economic implications for other regions also spurred global uncertainty.
The UK economy gained momentum over the period, with improving GDP figures, combined with falling unemployment and inflation. Equity markets continued to make progress with the FTSE All Share up 8.8% to 31st March 2014. Conversely, the 10 year Government Bond yield moved from 1.8% to 2.7% over the year meaning gilts generated a negative total return of -2.6%. Cash returns have again been minimal given a UK base rate of only 0.5%.
Against this background, the portfolio managed by Lazard, which continues to be fully invested in the Lazard Diversified Charity Fund (LDCF) returned 7.04%, marginally outperforming its custom benchmark return of 5.35%. The LDCF is a Common Investment Fund which aims to provide charity investors, over the longer term, with a growing income stream and capital growth sufficient to protect against inflation, by investing in a balanced and diversified portfolio of UK and international equities and bonds.
The portfolio managed by Schroders produced a total return of 7.5% compared with the long-term target of RPI + 4% p.a., presently 6.5%. The portfolio has a diversified spread of assets, investing in a combination of equities, bonds, absolute return, property, private equity, commodities and cash designed to maximise total returns with due regard to risk. As a result, the portfolio has a lower projected level of volatility (or risk) than an all-equity portfolio.
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During the year, Schroders made a few changes to the portfolio. Given their improving view towards the UK commercial property market, they added the Charities Property Fund. Launched in 2000 the Charities Property Fund was the first Common Investment Fund available to all Charities that invests directly in UK commercial property. As a charity vehicle it also benefits from Stamp Duty exemption. In early January 2014, they reduced cyclicality within UK Equities by selling part of the holding in the Schroder Income Fund. The value strategy that the Fund adopts has performed well over the last 24 months (+66% vs. FTSE All Share +36% to end December 2013) with a number of the cyclical holdings generating strong returns. Schroders took the opportunity to take some of this outperformance and reinvested the proceeds in the Trojan Income Fund.
Reserves Policy
The Trust Fund represents an amount allocated by the Trustees to secure the long term future of the Charity by ensuring there are adequate resources to meet the Charity’s anticipated charitable obligations. The Trust Fund is held as a buffer to ensure that grant levels are maintained in the event of a sudden loss of income or unexpected expenditure.
It is the policy of the Trustees to award grants on the basis of the net surplus before realised/unrealised gains, thereby protecting a core of investments and cash assets to generate income for future years’ grant awards. The Trustees will continue to review the level of grants they make on an annual basis.
Internal Controls
The Trustees have a duty to ensure that adequate systems and procedures are in place to safeguard the Trust’s assets. The Investment Committee is empowered by the Trustees to ensure that appropriate internal controls are implemented and monitored and therefore that the risks are managed and controlled. The Investment Committee reports regularly to the Trustees.
Risk Management
During the year the Trustees reviewed and addressed the major risks to which the Trust is exposed: status and reputation; asset value and grant-making capacity, operational processes; IT systems and data; and Succession Planning. The Trustees are satisfied that the established systems are sufficient to mitigate those risks. A Business Continuity Plan with The Trust Partnership is updated annually.
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Annual Review
The D’Oyly Carte Chair of Medicine and the Arts
Professor Brian Hurwitz BA (Cambridge), MB, BS, MA, MSc, MD (London), FRCP, FRCGP
D’OYLY CARTE CHAIR IN MEDICINE AND THE ARTS (appointed February 2002)
The Trustees of The D’Oyly Carte Charitable Trust established The D’Oyly Carte Chair in Medicine and the Arts at King’s College London in 2001 to stimulate high quality teaching, research and public debate in the field of medicine and its relationship to literature, philosophy and other arts, including those of performance.
The D’Oyly Carte Professor, Dr. Brian Hurwitz, reports regularly to the D’Oyly Carte Trustees and to a KCL D’Oyly Carte Chair Advisory Board which acts as a source of guidance and advice for the Chair and as a financial audit and review body.
The Board membership includes The Principal of King’s College London or nominee, Head of the School of Humanities or nominee, the Teaching Dean for the King’s College London Health Schools or nominee, two members representing the D’Oyly Carte Charitable Trust (currently Jeremy Leigh Pemberton and Dr. Michael O’Brien) and other external and internal members as required drawn from the medical, arts and education fields. Membership of the Board is for a three year term, renewable thereafter.
Prof. Hurwitz attended the Trustees’ meeting in November 2013 to report on the academic year 2012/13, the Chair’s 11th year of activity.
D’Oyly Carte Chair Highlights 2012/13
Attending and giving papers at international colloquia at the following universities: Columbia, Harvard, Sao Paulo, Bergen, Ferrara, Oxford, Bristol & Birmingham
Directing and co-directing the KCL Centre for the Humanities and Health
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The D'Oyly Carte Charitable Trust
Research leave Jan-June 2013 during which Prof. Hurwitz was a Visiting Fellow at Green Templeton College, Oxford
Developing, proposing and chairing a Wellcome Witness Seminar on Narrative Practices in Medicine in June 2013
Preparing for and staging a 3-day Narrative Future for Health Care Conference at King’s Guy’s campus June 2013
Co-editing a themed issue of Notes and Records of the Royal Society devoted to new scholarship on Joseph Lister following KCL’s March 2012 centenary commemorations
Continuing to convene and teach on the KCL MSc in Medical Humanities
Performing Arts and Medical Education at King’s College London (KCL)
Access to the performing arts for undergraduate medical students continues to be an integral component of the Chair’s activities and the third of three special study courses (SSCs) for 3rd and 4th year students delivered by Clod Ensemble, and funded by the D’Oyly Carte Charitable Trust, was a great success in the Spring term of 2013.
Clod Ensemble’s Performing Medicine provides training to medical students and healthcare practitioners using the performing and visual arts (at undergraduate, postgraduate and a professional development level). The charity works with medical schools to discover ways that arts based teaching can enrich the curriculum and offer an open programme of extra-curricular courses and workshops. Performing Medicine is the only initiative of its kind - unique because it is led by professional artists in
collaboration with medical educationalists and health professionals.
Performing Medicine is based on the belief that engagement with arts can encourage:
Creativity and agility of body and mind An awareness of the effect one’s own behaviour has on others The ability to construct difficult questions and analyse information that has no simple solution A questioning of one’s own cultural and ethical assumptions
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The D'Oyly Carte Charitable Trust
Grounded in understanding the medical consultation as a live event which draws on skills of performance and stage presence, students are introduced to training in bodily awareness, balance, concentration, voice skills, confidence building, listening, projection and ‘readiness for action’ skills, taught by actors, voice and body work specialists and dancers.
The 2013 SSC attracted sixteen students who were all extremely committed in their attendance and participation. The course concluded with excellent final assessment shows which Dr. O’Brien and Prof. Hurwitz attended together.
Students’ Comments on the SSC
‘Performing medicine was a fantastic introduction to the wealth of art that is related to the body and how people can express themselves (including myself). It is a fantastic SSC and I would recommend it to all medical students, especially those who would like to improve all aspects of their communication skills within medicine.’
‘I believe that I have benefited greatly from this course and hope to use the knowledge and skills I have gained throughout my career as well as in my personal life.’
‘I feel that the SSC – through its novelty and its permission of personal freethinking – has rebooted my curiosity and passion for medicine in a way that allows me to be creative again and to develop as a person too.’
‘It has been valuable listening to other people’s thoughts and ideas and I have gained a better appreciation of seeking input from all members of the healthcare team, as well as from the patient.’
SSC Lead Tutor Feedback
‘This was my first time as Course leader of the SSC. Over the years I have heard a lot about Clod Ensemble's work with Medical Students (as well as being an avid fan of Performing Medicine) so had high expectations. The course didn't disappoint. The students were excellent – they not only approached the workshops with a maturity and respect that isn't always to be expected of young adults of their age but produced high calibre work.’
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The D'Oyly Carte Charitable Trust
Although these courses have been found to be highly valued by the small number of students who take them, the Head of Undergraduate Medical Education at KCL invited Clod Ensemble to modify and pilot a bespoke course for 3rd year medical students re-sitting their examinations (3-8% annually) many of whom it was thought would benefit from a Performing Medicine approach.
This reworking of the course took place over the summer and an application by Clod Ensemble to this Trust for further ‘pump priming’ funding of £6,000 per annum towards the course delivery in its first two years was successful. At the same time, a KCL bid to the Guy’s and St. Thomas Charity for contributory funding of £10,000 per annum for two years was also successful. The first full course commenced in Autumn 2013.
Performing Medicine
‘Performing Medicine engenders reflections and reactions to poetry and personae, professionalism and performance, paintings and pains. For the education of medical undergraduates today, there is no better preparation.’
Professor Brian Hurwitz D’Oyly Carte Chair of Medicine and the Arts, King’s College London
Professor Sir Rick Trainor, KBE
At the KCL D’Oyly Carte Chair Advisory Board on 4th December 2013, the last meeting to be chaired by Sir Rick Trainor, KCL’s retiring Principal, Jeremy Leigh Pemberton asked that the thanks of the Trustees of the D’Oyly Carte Charitable Trust to Sir Rick be recorded for the personal support and enthusiasm which he had given to them, and to the D’Oyly Carte Chair, during his distinguished term as KCL Principal and Chairman of the D’Oyly Carte Chair Advisory Board since 2004. The Trustees remain grateful for his special interest in the activities of the Chair during his tenure, and for his encouragement and support for the work that the Trust and King’s College London have been privileged to share.
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The D'Oyly Carte Charitable Trust
General Grant Activity for the year ended 31st March, 2014
During the year under review, the Trustees paid out grants totalling £1,117,851 to 290 charities. This was an increase in value compared to the previous year when 275 grants (to 273 charities) totalling £964,073 were paid. Grants agreed during the year but not yet paid at the end of the year amounted to £217,000.
Annual Grants Paid 2010 – 2014 £000’s
The Trustees’ decision-making on grants in the period continued to follow the procedures laid down and applied in past years. The distribution of grants between the sectors continues to favour charities in the Arts and Medical Welfare sectors with a smaller proportion going to Environmental charities.
Charitable Trusts and Foundations, as independent grant-makers, exist to create a better society - and have the distinctive opportunity to determine their own agenda. Whatever the cause, the Trustees seek to direct their funds to where they can make a major difference, and this aim steers them away from significant appeals. The Trustees realise the vital impact their funding can make, and the encouragement it can give, particularly to smaller charities seeking to provide desperately needed services in the community.
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The D'Oyly Carte Charitable Trust
An increasingly hungry voluntary sector, which continues to weather the impact of reduced government spending both at a national and local level, makes the role of a grant-making charity all the more challenging.
Nevertheless, the Trustees continue in their aim to make grants to address disadvantage and to supplement or enhance people’s lives – not to replace public services; and they continue to be sympathetic to applications towards core funding from charities whose work they know well.
Distribution of Grants by Sector
This year again the Arts took the largest proportion of Trust spending at £509,321 compared to £483,279 in the previous year, whilst spending in the Medical Welfare sector amounted to £484,490 compared to £362,527 in the previous year. In the third sector, the Environment, £124,040 was distributed in grants compared to £118,267 in the previous year.
Grants by Sector
2013/14 2012/13
£ %of No. of Grants £ % of No. of Grants total total
Arts 509,321 45.6 140 483,279 50.1 137
Medical Welfare 484,490 43.3 122 362,527 37.6 100
Environment 124,040 11.1 28 118,267 12.3 36
TOTAL 1,117,851 100 290 964,073 100 273
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The D'Oyly Carte Charitable Trust
The Arts
In this sector 140 grants were agreed to arts charities, involving a total distribution of £509,321 which was an increase on the previous year when a total of £483,279 was distributed to 139 charities. The average grant in this sector this year was £3,638 compared to £3,477 last year, and the grants detailed below are those that were above- average for the year. The remaining grants awarded in the Arts sector are included in the full list of grants which appears on pages 61 to 72.
Academy of Ancient Music £5,660 To subsidise youth participation under the AAMplify audiences scheme
Arts at the Old Fire Station, Oxford £5,000 Towards the Access and Training Scheme for the homeless in 2014
Bath Philharmonia £5,000 Towards a pioneering music project for Young Carers in 2014
Blue Elephant Theatre £4,800 Towards a Drama, Music and Theatre Arts Summer Scheme for young people in Camberwell in 2014
Blue Elephant Theatre develops relevant participation projects that respond to complex challenges faced by local people. Its work addresses key social problems, whilst providing essential respite. It motivates participants to develop aspirations, pride and achievement. Last year BET ran over 600 workshops and reached over 1,600 local participants aged 5-85.
Cahoots NI £5,000 Towards a mainstream theatrical experience, The Gift, to take place in Autumn 2014 for the benefit of children marginalised by visual disability
Carousel £4,975 Towards the Carousel Singers, a choir of learning disabled young people
Chickenshed Theatre Trust £5,000 Towards ‘An Awfully Big Performance’ showcasing the power of inclusive theatre, to mark the 40th anniversary of Chickenshed
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The D'Oyly Carte Charitable Trust
Children’s Discovery Centre East London (Discover) £5,000 Towards the Mighty Mega Saturday Arts Club, providing sessions for children aged 5 – 11 with disabilities/special educational needs
Discover provides creative, play and learning opportunities for children aged between 0-11 years old and their carers. The charity operates a story centre in Stratford, East London and delivers an extensive community and education programme targeting vulnerable and disadvantaged families. Each year Discover works with over 100,000 children and adults.
City and Guilds of London Art School £10,000 Towards bursary funding for students studying conservation and restoration skills in 2013/14
City Arts Trust Ltd. (City of London Festival) £4,450 Towards Musical Meeting Place, part of the 2014 Festival’s Education and Participation Programme
Clod Ensemble £6,000 First of two instalments towards a Performing Medicine Special Study Course at King’s College London in the academic year 2013/14
Customs House £4,345 Towards specialised music equipment and soundproofing of the music practice room in The Cave for the benefit of young people in South Shields
The Cave is accessed by over 8000 people each year. Local musicians and projects working with NEET young people, who use music as a way to re-engage them in learning, have benefited from the Trust’s grant as they are able to access the practice room throughout the day, regardless of who is using the building. Many of the young people who participate have music as their only way to express themselves; the specialist equipment allows them to push themselves and learn new skills.
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The D'Oyly Carte Charitable Trust
Dartington Hall Trust £4,000 Towards bursary funding for professional music development
Deafax £4,850 Towards the final module of the Inclusive Music programme, Structure and Dynamics, for the benefit of 10-16 year old deaf youngsters
Edinburgh International Festival Society £4,000 To support EIF's education work, specifically Rites of Passage, a pilot scheme designed to support the transition from adolescence to adulthood
Edward Barnsley Educational Trust £5,000 To support the Apprentice Training programme
The Edward Barnsley Workshop teaches apprentices to make the best quality furniture. With its distinguished history and high standards it is a centre of excellence for furniture making training. Since 1980 the Edward Barnsley Educational Trust has trained almost sixty people and nearly all of them continue to earn their living making high-quality furniture. Many of them have set up their own businesses.
Guildhall School Trust £4,000 Towards bursaries for a singer, an actor and a music therapist in 2013/14
Hackney Music Development Trust £4,500 Towards the Saturday Programme for the young people of Hackney
The Saturday Programme aims to enrich the lives of young people through exemplary music making. Established in 1995, it offers four different programmes and serves over 350 students aged 1-21. Alongside regular classes and programmes, students participate in individual projects involving guest visits, work with leading artists and arts organisations and a range of performing experiences both within the Programme and at concert halls and theatres.
© Clive Barda
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The D'Oyly Carte Charitable Trust
Hoddesdon (Community) Society of Performing Arts £4,800 Towards a replacement dance floor
InterAct Reading Service £4,000 Towards the reading service to stroke patients in the Lady Skinner Ward at Charing Cross Hospital
InterAct Reading Service aims to improve the speed and quality of rehabilitation through mood improvement and neural stimulation. An actor/reader visits three times a week, for two hours per visit, and reads to and talks with the patients on a one to one basis, tailoring the readings and conversation to the interests and comprehension levels of each patient. The charity interacted with 251 stroke survivors in the last complete year.
Jackdaws Educational Trust £4,000 Towards a project bringing together Young Artists and schoolchildren in Somerset to perform operas
Lincoln Arts Trust (Lincoln Drill Hall) £4,500 To support of a project to develop arts and drama participation, and talent development, with children and young people
London Children’s Ballet £5,000 Towards the creative costs of the 2014 production ‘Nanny McPhee’ and associated outreach work
London Music Masters £5,000 Towards Bridge to the Community, a project offering primary school children the opportunity to learn instruments through the Bridge Project and the chance to perform in community venues
Bridge to the Community combines performance opportunities and community outreach in a unique programme. It offers the children on the Bridge Project the chance to take part in local performances in hospitals, nursery schools, community groups and care homes. Performing to diverse audiences in such varied venues develops the concert skills of the Bridge Project students and provides them with invaluable experiences which demonstrates the power of music to enhance the lives of those around them.
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The D'Oyly Carte Charitable Trust
Longborough Festival Opera £5,,000 Towards Handel’s ‘Rinaldo’, a production specifically planned for young artists
(The) Lowry Trust £4,800 Towards the ‘GetInvolved’ project for young people aged 11-16 from disadvantaged areas in Salford
Magdala £5,000 Towards a programme of Opera Start workshops in a Primary School in Nottinghamshire
Music for Youth £5,000 Towards the MfY programme of activities for children and young people
Music for Youth works with providers of music education across the whole of the UK to present concerts, festivals and projects, that support young people’s music making in both the formal music education sector and community settings.
© Music for Youth
Music on the March (1952) Ltd. £4,700 Towards the provision of individual and group tuition to band members in 2014
National Children’s Orchestra of Great Britain £4,000 Towards the Bursary Scheme to enable talented children to join the NCO
The NCO is Great Britain’s premier symphony orchestra for children. It offers children a life-changing experience with training from top professional musicians. The orchestras’ performances are renowned for their intensity, vivacity and commitment, but above all their professionalism.
© Bill Hiskett
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The D'Oyly Carte Charitable Trust
National Theatre £5,000 Towards a BAME (Black, Asian and Minority Ethnic) Practitioner Training Programme in 2014
New Writing North £4,500 Towards the Cuckoo Young Writers’ Workshops for 12-19 year olds in Sunderland
North East Theatre Trust: Live Theatre £3,674 Towards the Write Stuff project to encourage creative potential in young people living in areas of significant and social disadvantage
Orpheus Centre Trust, Godstone £5,000 To upgrade the Barn Studio to ensure accessibility for students with sensory impairments
Orpheus uses the performing arts, and arts more widely, as a vehicle to promote learning and personal development. A diverse curriculum that covers the arts, independence, employment and functional skills is taught. Arts Awards and City and Guilds Qualifications are offered, as well as a range of short courses and outreach programmes.
Pallion Action Group £4,800 Towards performing arts sessions for disadvantaged children and young people at risk of social exclusion in Sunderland
Pimlico Opera £4,000 Towards musical projects in low achieving primary schools and prisons
Pimlico Opera aims to use music and drama to advance personal development, particularly with younger people. Artistic excellence is an essential part of achieving this aim. In low achieving primary schools, ‘Primary Robins’ uses songs and music to enrich lives and expand outlooks. In prisons an excellent piece of musical theatre is performed before a paying public. Prisoners work hard as a team, reassess their abilities and their future in society.
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The D'Oyly Carte Charitable Trust
Pimlott Foundation £5,000 Towards the ‘Hansel and Gretel’ project and a workshop programme and choir for Essex school children
Royal Academy of Dramatic Art £20,000 Towards bursary funding for undergraduates in 2013/14
Royal Academy of Music £4,000 Towards the D’Oyly Carte Memorial Fund, providing scholarships for Graduate students
The D’Oyly Carte Memorial Fund was established by Rupert D’Oyly Carte in 1913 in memory of his father, Richard D’Oyly Carte. This photograph shows Tristan Hambleton in the role of the King in Handel’s Ariodante in Autumn 2013. Tristan was selected by the RAM as the recipient of this year’s D’Oyly Carte Memorial Award - a happy coincidence as both Tristan’s great- grandfather and grandfather played their respective instruments in the D’Oyly Carte Opera Company’s orchestra.
Royal Northern College of Music £10,000 To provide bursaries for undergraduates and postgraduates in 2013/14
Samling £5,000 Towards the Masterclass Programme for the development of outstanding young singers and pianists in 2013
Scottish Ensemble £4,000 Towards a programme of Residencies taking classical music to new audiences and communities across Scotland
In order to engage more deeply with communities across Scotland, and to inspire greater access to and engagement with classical music, Scottish Ensemble delivers 4 annual Residencies in Aberdeen, Dundee, Inverness and Perth (2 in autumn, 2 in spring). At a recent residency in Aberdeen Scottish Ensemble performed to over 400 children and worked with the Primary 5s to create ‘variations’ on a Scottish melody which also featured in the end of residency concert.
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The D'Oyly Carte Charitable Trust
Sinfonietta Productions Ltd. £5,000 Towards the KX Collective Workshops for young people aged 13-18
Sing for Pleasure £4,890 Towards scholarships for young choral conductors
Sing for Pleasure encourages the enjoyment of choral song and offers singing courses and accredited conductor training. It works with schools by offering national curriculum compatible teaching resources and INSET training. It also publishes a wide spread of song collections, encouraging juniors, youth choirs and adults to progress their repertoire. The photograph shows Young Conductors from 2013/14 with the charity’s Head of Conductor Training, Manvinder Rattan.
Sounds New £4,000 Towards the Black Box Project, joint roadshows with Canterbury Christ Church University, visiting schools to explore new music, recorded sound, lighting and dance
Spitalfields Festival Ltd. (Spitalfields Music) £4,350 Towards the Neighbourhood Schools programme providing children from disadvantaged backgrounds the opportunity to participate in high-quality music experiences
Streetwise Opera £5,000 Towards a programme of creative activities for homeless people
The Trust’s grant is supporting people who experience homelessness across England and Wales through weekly music workshops in homeless centres which aim to improve confidence, self-esteem and well-being. Participants progress through the programme and go on to attend weekly opera workshops in arts/community centres and a range of progression activities including work placements and creative education opportunities. The aim of the programme is to support more people out of homelessness into independent lives integrated in their local communities. © Asa Westerlund
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The D'Oyly Carte Charitable Trust
Tell me a Tale £5,000 Towards touring a sensory theatre production for the 13-25 age group with Profound and Multiple Learning Disabilities
There are very few activities that are accessible for people with Profound and Multiple Learning Disabilities (PLMD). TUNNELLS is an age appropriate, accessible sensory theatre production created specifically for the 13- 25 age group and the Trust’s grant is supporting the production tour to ten theatres throughout the UK.
© Jemma Mickleburgh
Tunnell Trust for Young Musicians £4,000 Towards the Young Musicians’ Music Club Awards Scheme, providing performance experience for talented young musicians
Unexpected Opera £5,000 Towards nine performances of Opera Naked at the Brighton Fringe Festival in 2014
Opera Naked is an innovative performance piece based on the personal stories, aspirations and struggles of young singers today. Young emerging artists entertain audiences new to opera and uninformed about singers, by educating, entertaining and moving them with some of opera's greatest music.
© Robert Workman
Watermill Theatre Ltd. £5,000 Towards the 2014 Training Programme for two Assistant Directors, each working on one main house production
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The D'Oyly Carte Charitable Trust
Medical Welfare
During the year, £484,490 was distributed to 122 Medical/Welfare charities, compared to £362,527 in the previous year distributed among 100 charities. This year, the average grant in this sector was £3,971 compared with £3,625 last year, and the grants that follow are those that were above-average for this sector this year. The remaining grants awarded in the Medical/Welfare sector are included in the full list of grants which appears at the end of this report on pages 61 to 72.
Cystic Fibrosis John Batten Memorial Awards
A special grant was made this year to the Cystic Fibrosis Trust in memory of Sir John Batten, KCVO, a Trustee of The D’Oyly Carte Charitable Trust from 1988 to 2006 and a former President of the Cystic Fibrosis Trust. The grant of £10,000 is to be used to fund the first year of the Cystic Fibrosis John Batten Memorial Awards in the form of eight scholarships for promising medical undergraduates to cover their living expenses while they undertake ‘hands on’ Cystic Fibrosis research for 6-8 weeks in the 2014 summer vacation.
Acorns Children’s Hospice £5,000 To provide hydrotherapy sessions for children in the West Midlands
Action for Family Carers £4,800 Towards a programme of respite outings for young carers in Essex
Action for Famiy Carers’ objects are to promote the relief of persons who are ill, disabled, incapacitated or elderly by the provision of information, education, support, respite care, recreation and advocacy for their carers. Respite outings allow Young Carers to take a break, improve their health and wellbeing and ultimately to enjoy being children. The Trust’s grant will go towards a programme of eight respite outings in 2014 for young carers in the districts of Maldon, Colchester, Chelmsford and Braintree.
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The D'Oyly Carte Charitable Trust
Action for Stammering Children £4,800 Towards the expert consultation service at the Michael Palin Centre in London for children with stammering difficulties
Alive Activities Ltd. £4,200 Towards music and art workshops for the benefit of care home residents in the Bristol area
Alive provides a range of interactive workshops to stimulate the well-being of care home residents. A range of activities help to engage the mind, create well-being and combat loneliness, depression and the onslaught of dementia and other mental health problems. Alive also provides training to care staff in activity and reminiscence therapy.
Attend £5,000 Towards support services for carers of adults with an Acquired Brain Injury
Back Up Trust £5,000 Towards the Moving Forward course supporting young people with spinal cord injury
Blyth Star Enterprises £5,000 Towards a training programme for people in Northumberland who experience mental ill health and/or learning disabilities to introduce them to the principles of gardening and horticulture
Blyth Star is a local charity established in 1987 by families and carers, supporting people with mental health issues, learning and other disabilities to live and work within their local community. As well as working with people who receive services in a traditional way, the charity works to develop activities, groups and supports that are accessible to people before they enter these services, enabling them to maintain and improve their lifestyle within their community and hopefully avoid entering the ‘care’ system, including maintaining or returning to employment.
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The D'Oyly Carte Charitable Trust
Brendoncare Foundation £4,500 Towards music therapy sessions at the Chiltern View Care Centre
British Forces Foundation £5,000 Towards morale-boosting entertainment to men and women of the British Armed Forces serving in Afghanistan
The BFF exists to boost the morale of British servicemen and women - principally on operations - primarily through entertainment with well-known stars. The shows, and the Charity's other projects, convey the gratitude of the British public for the work of the Armed Forces and the sacrifices they make. The visits can provide a high point to a serviceman’s deployment, supporting their mental health and easing stress. © Courtesy of MoD/Crown Copyright
Carers Gloucestershire £5,000 Towards the ‘Time-out for Carers’ service
Carers Network Westminster £5,000 Towards respite breaks for carers
CHICKS (Country Holidays for Inner City Kids) £4,410 Towards a respite break for six young carers
Children’s Adventure Farm Trust £5,000 To provide a respite break for children from Rochdale Young Carers
CAFT provides free holidays, daytrips and Christmas parties for groups of Northwest children. The charity aims to provide opportunities to children whose lives are limited due to illness, disability or personal circumstance, and provides the staff, experience and facilities to give these children a stimulating, fun and relaxing holiday.
Children’s Trust £5,000 Towards the Music Therapy programme for children with acquired brain injury and multiple disabilities
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The D'Oyly Carte Charitable Trust
Christie Charity, Manchester £5,000 Towards music therapy for patients on the Young Oncology Unit
Claire House Children’s Hospice. Cheshire £4,490 Towards the specialist play programme
Crossroads Care Bury £5,200 Towards Musical Memories sessions for people with dementia
Musical Memories is a service developed as a result of consultation with beneficiaries, aimed at improving quality of life and promoting wellbeing plus giving people, often on the edge of society, new creative opportunities which are not normally easy to access. The project delivers a weekly musical/singing group for people with dementia and their carers using live music and instruments enabling participants to explore new experiences.
© Lisa Brockway
Deafblind UK £5,000 Towards the London Outreach Programme, supporting the deafblind, their carers, family and friends
DEMAND – Design and Manufacture for Disability £5,000 Towards services to people with severe disabilities by creating bespoke technical solutions to their everyday living challenges
Dogs for the Disabled £5,000 Towards the delivery of PAWS (Parents Autism Workshops and Support) a series of workshops for parents of a child with autism on how a pet dog could benefit their child
The special chemistry shown between a child and dog through Dogs for the Disabled’s work providing assistance dogs for families with a child with autism, has led to the realisation that whilst for some children there will be a clear need for a fully trained assistance dog, a well trained family pet dog can also have a massively beneficial impact. Since the launch of the service in July 2010 over 450 families have attended the workshop series and 75% now have a pet dog in their home helping with the care of their child.
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The D'Oyly Carte Charitable Trust
Down’s Syndrome Association £5,657 Towards the bi-annual support sessions for a marginalized group of families who have children with dual diagnosis Down’s Syndrome/ Autism Spectrum condition
Enham Trust, Andover £5,000 Towards Radio Enham, a skills development project for disabled people
Enham Trust supports over 5,000 disabled people each year, principally throughout Wessex, by providing housing, support and care to over 200 disabled people; skills training for work and life (1,000+ people); work opportunities in the charity’s own and outside businesses (100+ people); and specialist information, advice and guidance (5,000+ people). Radio Enham is a hugely successful skills development project - a fully functioning radio station, which develops its participants’ creativity, expression and confidence, as well as their transferable life skills.
Escaping Victimhood £4,500 Towards photography and art sessions for those bereaved through murder
Factory Youth Zone £4,365 Towards a 12 month mentoring programme for young people in Harpurhey, Manchester
Factory Youth Zone aims to provide members with somewhere to go, something to do, and someone to talk to. It offers a purpose-built sport, recreation and learning facility plus a huge array of engaging activities to encourage improved self-confidence, positive relationships, higher aspirations and achievements plus greater self- discipline and resilience. The Trust’s grant will support the youth mentoring programme by contributing the crucial mentor training costs and reward and recognition tools.
Havens: London Hereford Leeds £5,000 Towards skilled counselling for women and their families, to help them cope with the impact of breast cancer
Headway – The Brain Injury Association £5,000 Towards the Volunteer Co-ordination project
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The D'Oyly Carte Charitable Trust
Helen & Douglas House £5,000 Towards music therapy for the children of Helen House
Music Therapy in Helen House offers children the opportunity to communicate and express themselves through the medium of music. Each session is designed to be as interactive as possible, and the aim is to respond to their physical, social, psychological, emotional and spiritual needs, using a combination of singing, playing and listening. Music Therapy has also proved to be a powerful method of connecting with children who have little or no verbal communication.
Help the Hospices £15,000 Towards education and training programmes to develop the specialist skills and expertise of doctors, nurses and hospice managers throughout the UK in 2013/14
Hollybank Trust £4,190 Towards the purchase of two shower beds for use in the charity’s care home, Rowan Court in Holmfirth, West Yorkshire, for the benefit of adults with profound physical disabilities
Honeypot Charity £5,000 Towards residential respite breaks and ongoing outreach support to young carers from within London, the South and South East England
HorseCourse £4,700 Towards training workshops to enable instructors to deliver the course to young people in Pupil Referral Units and schools
TheHorseCourse is an equine-assisted behaviour programme delivered in prisons and other settings in the UK. It aims to reduce social exclusion through horse-assisted interventions. The course is proving successful in improving outcomes for prisoners, young people either excluded or at risk of exclusion from school, and young people suffering mental health problems.
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Jennifer Trust for Spinal Muscular Atrophy, Stratford-upon-Avon £5,000 Towards core costs in 2014/15
Jewish Deaf Association £5,000 Towards Independent Deaf Support Services for profoundly deaf people of all religions
Julia’s House £5,000 Towards a music therapy programme supporting children with life- limiting illnesses and their siblings in Dorset
Jumbulance Trust £5,000 Towards the cost of transport for the chronically sick and disabled
The Jumbulance Trust is a small, national charity which “Makes Travel Possible” for sick, disabled and other disadvantaged individuals, known as VIPs. The Trust provides the vehicles and drivers at subsidised rates to groups around the UK. The groups provide holidays and pilgrimages that VIPs could never entertain without significant physical and medical assistance. Spouses are welcomed to join the holidays, enabling them to have a break without the caring responsibilities.
Kingston Carers’ Network £4,600 Towards the Young Carers’ Project
Limes Community & Children’s Centre, Walthamstow £4,500 Towards creative play opportunities for disabled children
The Limes seeks to challenge social exclusion and provides opportunities for stimulating play and leisure activities for disabled and non-disabled children and young adults. It is inclusive for all abilities, and is designed for children with specific needs and disabilities. It offers free play opportunities and more structured activities and is the only disabled access play provision in the area, created after parents and local service providers lobbied for a safe place for children to play in an inclusive environment.
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Livability £5,000 Towards Arts Week at the Victoria Education Centre in Poole for disabled students aged 3-25
Macmillan Cancer Support £5,000 Towards the South Tyneside Young Carers Project, providing respite opportunities and emotional support to young carers
Marie Curie Cancer Care £5,000 To support art therapy provision at the Marie Curie Hospice, Hampstead
Motability £5,000 To help disabled people aged 16-29 across the UK with the cost of driving tuition in adapted vehicles
Motability’s Driving Lessons programme operates in partnership with the British School of Motoring to provide lessons at approximately £24.50 per hour (there are minor regional variances) and a full cost of 40 hours tuition therefore costs approximately £1,000 per person. All lessons take place with qualified instructors who are trained to teach disabled people in adapted vehicles.
Music in Hospitals £5,400 Towards concerts for children and adults in hospice care in London and the South East
Music in Hospitals’ activities focus on the delivery of high quality live music for adults and children in healthcare. The concerts are given by individual or small groups of professional musicians, selected by audition. The charity consults with healthcare professionals to ensure that the concerts provided are enjoyable and have therapeutic benefit. The Trust’s grant will fund twenty concerts for children and adults in hospice care.
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National Gulf Veterans & Families Association £5,880 Towards respite breaks for veterans, their families and carers
Newlife Foundation for Disabled Children £5,000 Towards the ‘Just Can’t Wait’ specialist equipment loan project
Currently, one in three disabled children in the UK are living without a piece of essential equipment at any given time, and terminally ill children are particularly at risk of dying before they get what they need. These children may have to access hospice care early, due to lack of home-use equipment. Newlife Foundation for Disabled Children has created the Just Can’t Wait! service to combat the delays that hamper children getting the equipment they need, when they need it most. The Just Can’t Wait! service is specifically designed for children in the end stage of their life, who need equipment such as the specialist cot-bed shown here.
Rainbow Trust Children’s Charity, Leatherhead £5,000 Towards the cost of employing a Rainbow Trust Family Support Worker
Read for Good (ReadWell) £5,000 Towards a project to take books and story tellers to seriously ill children in Morriston Hospital, Swansea
Royal Brompton & Harefield Charitable Trust £5,000 Towards the Singing for Breathing programme
Royal Brompton & Harefield Hospitals’ Singing for Breathing programme helps people who struggle to breathe to adapt their breathing patterns to get as much oxygen as possible. However without expert tuition, this way of breathing can make the problem worse. To overcome this the singing workshops include techniques on how to relax the stomach muscles, allowing air to be drawn into the whole upper body, and then using the same muscles to support the out breath, which can increase oxygen absorption. © Alex Orrow
Second Chance Children’s Charity £5,000 Towards the provision of work experience for disadvantaged young people at the charity’s Rural Centre in Hampshire
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St. Barnabas Hospices (Sussex) Ltd. (St. Barnabas House) £5,000 Towards art therapy projects for patients
St. Margaret’s Hospice Somerset £5,000 To support the cost of a Community Nurse Palliative Care Specialist
St. Mary’s Wrestwood Children’s Trust (The Talking Trust) £4,930 Towards SMILE 2014, a summer respite scheme of fun arts activities in East Sussex for disabled children
St. Peter and St. James Charitable Trust £5,000 Towards the travel costs of Clinical Nurse Specialists across Mid-Sussex
Teenage Cancer Trust £5,000 Towards the Expert Care Programme, supporting young people diagnosed with cancer in the South West of England
Theodora Children’s Trust £5,000 Towards Giggle Doctor visits to improve the lives of children in Great Ormond Street Hospital Many children who are sick, disabled or who have life- limiting illnesses benefit from the Giggle Doctor visits, which is a time when they can forget about being in hospital and the stress and anxiety that comes with it. The opportunities for social interaction and play that the Giggle Doctors provide encourage confidence and improve communication skills for those who spend a lot of their childhood away from home. Giggle Doctors take the focus away from the illness and allow children to be children in the true sense of the word - to laugh, smile and play.
© Mike Kear
Tommy’s £5,000 Towards the reprint of a health publication for pregnant teenagers
Zoe’s Place Baby Hospice, Liverpool £4,890 Towards weekly art therapy sessions
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The Environment
In the environmental sector, 28 grants were made during the year totalling £124,040 compared to £118,267 in the previous year to 36 charities. This year, the average grant in this sector was £4,430 compared to £3,285 in the previous year, and the grants listed below are those that were above-average for this sector this year. The remaining grants awarded in this sector are included in the full list of grants which appears at the end of this report on pages 61 to 72.
Somerset Community Foundation
A special grant was agreed this year to the Somerset Community Foundation in response to the needs of the communities devastated by the flooding at the beginning of 2014. The Trustees’ grant of £10,000 will support the reinstatement and reinforcement against future flooding of community infrastructure (village halls etc.) and provide community services to help people cope with the emotional stress caused by the flooding in the short and medium term.
Conservation Volunteers Cornwall £4,940 Towards the delivery of practical conservation days and training for volunteers to improve countryside and woodland sites whilst improving practical conservation skills
The Conservation Volunteers helps many volunteers each year to reclaim local green places. In Cornwall, the charity aims to provide additional background knowledge and skills through extra training, to back up what is learnt through volunteering. The training includes key rural skills courses including dry stone-walling, tree planting, coppicing, scrub management, winter tree identification and plant identification.
© The Conservation Volunteers
Future Trees Trust £5,000 Towards core operating costs to enable the charity to develop its work to produce more disease resistant and better timber yielding trees
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Historic Chapels Trust £5,000 Towards the Transition Project which will bring new skills, new uses and increased earned income to historic chapels
People’s Trust for Endangered Species £5,000 Towards a woodland management training programme in Briddlesford Woods, Isle of Wight, with a specific focus on dormice preservation
This Trust was formed with the aim of ensuring a future for endangered species both in the United Kingdom and abroad. The Trust pursues this aim by funding and carrying out scientific research, which forms the basis of conservation strategies for endangered species, and supports conservation work in the field.
Plantlife – The Wild-Plant Conservation Charity £5,000 Towards volunteer conservation work at Plantlife’s reserves, including dry stone walling, hedgerow restoration, scrub clearance etc.
Surrey Care Trust £5,000 To support environmental work and training on the Swingbridge Community Boats
Swingbridge1 operates on the River Wey for training in boating skills and an introduction to environmental work skills. It also runs accessible boat trips. Swingbridge2 is a year-round base for environmental volunteering and training for young people and adults on the River Wey, the Thames and the Basingstoke Canal as well as offering work placements for adult offenders.
Westonbirt, the National Arboretum £5,000 Towards the volunteer training programme of planting, pruning, weeding, mulching of young trees etc.
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Whale and Dolphin Conservation £5,000 To support volunteer skills development and training across northern Scotland
Wilderness Foundation £4,500 Towards the Imbewu Scotland project which provides training to foster employment through environmental education
The Imbewu Scotland project has been inspired by an existing programme successfully run by the Wilderness Foundation’s sister charity in South Africa, and has been designed to inspire urban/rural town young people to learn about opportunities for rural work and increase an enjoyment of the outdoors, develop understanding of Scottish natural heritage and the rural economy. Stewarding of the natural world will be a key outcome, as will leadership development and citizenship.
Wildlife Trust Avon £5,000 Towards grassland restoration and wildflower conservation
Yorkshire Dales Millennium Trust £5,000 Towards ‘A Buzz in the Meadows’ a volunteer project to conserve bumble- bees and other pollinators Yorkshire Dales Millennium Trust exists to look after the well- being of the whole of the Yorkshire Dales. Its mission is ‘to support the environmental, social and economic well-being of the Yorkshire Dales’ and it works in many different ways to achieve it. A Buzz in the Meadows will restore botanical diversity to 48 ha of degraded hay meadow using sustainably harvested seed from species-rich meadows and provide at least 10 volunteers with opportunities to contribute towards the conservation of bumblebees and other pollinators, by training them in bumblebee and plant identification, surveying and monitoring, and planting native wildflowers in community areas, gardens and schools. © Tanya St. Pierre YDMT
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Distribution of Grants Agreed by Sector 2009-2014 £000’s
£1,117.85 £975.72 £964.07 964.07 £ £849.63 £801.62 20013/14
£509,321 £484,490 £124,040
Distribution of Grants by Area Served in 2012/13 and 2013/14
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Trustees’ Responsibilities
The Trustees (who are also directors of The D’Oyly Carte Charitable Trust Limited for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:
select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP; make judgments and estimates that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the Trustees are aware:
there is no relevant audit information of which the charitable company's auditor is unaware; and the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.
This report is prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
Auditor: The auditor, Baker Tilly UK Audit LLP, Chartered Accountants, has indicated its willingness to continue in office.
Approved by the Trustees on 7th August 2014 and signed by:
(signed) (signed) Jeremy Leigh Pemberton Jane Thorne Chairman Company Secretary & Executive Director
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Independent Auditor’s Report to the Members of The D’Oyly Carte Charitable Trust for the year ended 31st March 2014
We have audited the financial statements of The D’Oyly Carte Charitable Trust for the year ended 31 March 2014 on pages 54 to 60. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
Respective responsibilities of Trustees and auditor
As explained more fully in the Statement of Trustees’ responsibilities set out on page 51, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view.
Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board’s (APB’s) Ethical Standards for Auditors.
Scope of the audit of the financial statements
A description of the scope of an audit of financial statements is provided on the Financial Reporting Council’s website at http://www. frc.org.uk/auditscopeukprivate
Opinion on financial statements
In our opinion the financial statements:
give a true and fair view of the state of the charitable company’s affairs as at 31st March 2014 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the Companies Act 2006.
Opinion on other matter prescribed by the Companies Act 2006
In our opinion the information given in the Trustees’ Report for the financial year for which the financial statements are prepared is consistent with the financial statements.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
the charitable company has not kept adequate accounting records, or returns adequate for our audit have not been received from branches not visited by us; or the financial statements are not in agreement with the accounting records and returns; or certain disclosures of Trustees’ remuneration specified by law are not made; or we have not received all the information and explanations we require for our audit; or the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies exemption from the requirement to prepare a strategic report or in preparing the Trustees’ report.
(signed) Keith Lickorish (Senior Statutory Auditor) For and on behalf of BAKER TILLY UK AUDIT LLP, Statutory Auditor Chartered Accountants Portland, 25 High Street, Crawley, West Sussex, RH10 1BG
Date 7th August 2014
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Company No. 5638406 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2014 Year ended Year ended 31-Mar-14 31-Mar-13 Unrestricted Unrestricted Funds Funds Note £ £
Incoming Resources Investment income 2 1,361,483 1,264,950
Total Incoming Resources 1,361,483 1,264,950
Resources Expended Costs of generating funds 3 181,890 170,020
Charitable activities Grants 4 1,257,351 883,573 Support costs 4 55,685 59,094
Governance costs 5 27,812 30,725
Total Resources Expended 1,522,738 1,143,412
Net (Outgoing)/Incoming Resources Before Other Recognised Gains and Losses (161,255) 121,538
Other Recognised Gains and Losses
Gains on revaluation and disposal of investment assets 1,993,669 4,618,386
Net Movement in Funds 1,832,414 4,739,924
Reconciliation of Funds
Total Funds Brought Forward 46,447,367 41,707,443
Total Funds Carried Forward 48,279,781 46,447,367 31,144
The notes on pages 56-60 form part of these accounts
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Company No. 5638406 BALANCE SHEET AS AT 31ST MARCH 2014
Note At 31st March 2014 At 31st March 2013 £ £ £ £ Fixed Assets Investments 6 48,321,611 46,327,804
48,321,611 46,327,804 Current Assets
Debtors 7 13,893 21,166 Cash at Bank and in hand 178,193 194,434 192,086 215,600
Current Liabilities
Creditors: amounts falling due within one year 8 (101,916) (88,037) Net Current Assets 90,170 127,563 Total Assets Less Current Liabilities 48,411,781 46,455,367
Creditors: amounts falling due after more than one year 9 (132,000) (8,000)
Net Assets 48,279,781 46,447,367
Funds
Unrestricted Funds 11 48,279,781 46,447,367
48,279,781 46,447,367 0 #REF! 0 These accounts are prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
These accounts were authorised and approved by the Directors on 7 - 08 - 2014 and signed on their behalf by:
(signed) (signed) ………………………… ………………………… Jeremy Leigh Pemberton Julia Sibley Director Director
The notes on pages 56-60 form part of these accounts
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NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2014
1 Accounting Policies
a) Basis of Accounting The accounts have been prepared under the historical cost convention, as modified by the inclusion of fixed asset investments at market value, and in accordance with the Companies Act 2006 and the Statement of Recommended Practice (SORP 2005 revised in 2008).
b) Income and Expenditure All income and expenditure arising during the year is dealt with through the Statement of Financial Activities. Accruals and prepayments are made where appropriate.
c) Grants Payable Grants payable are recognised when they are committed and included as creditors until they are paid.
d) Status The charity is a company (Registration Number 5638406) limited by guarantee and has no share capital. It is constituted under Memorandum and Articles of Association and has been granted charitable status by the Charity Commission (Charity Registration Number 1112457).
e) Taxation The trust is a registered charity and as such its income and gains falling within Sections 471 to 489 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 are exempt from corporation tax to the extent that they are applied to its charitable objectives.
f) Value Added Tax Value Added Tax is not recoverable by the charity and as such is included in the relevant costs in the Statement of Financial Activities.
g) Fixed Assets Fixed Assets are recorded at cost or, in cases where fixed assets have been donated to the charity, at valuation at the time of acquisition.
h) Depreciation Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows: Computer Equipment: 33.33% p.a. on a straight line basis
i) Investments Investments are stated at market value. Realised and unrealised gains and losses on investments are dealt with in the Statement of Financial Activities. Investment income plus associated tax recoverable is credited to income on an accruals basis, using dates of payments for dividends, and daily accrual for interest.
The notes on pages 56-60 form part of these accounts
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NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31ST MARCH 2014
j) Governance Costs of the Charity Governance costs relate to the general running of the charity including costs for compliance requirements, auditing and legal advice.
k) Costs of Generating Funds The costs relate to investment management fees for both income generation and capital maintenance.
l) Costs Allocation Administrative costs and other overheads are allocated by the Directors between direct charitable expenditure and governance costs on the basis of time spent on these activities. Other costs are ascribed directly to the relevant heading. m) Liabilities Liabilities are recognised when the entity has an obligation to transfer economic benefits as a result of past transactions or events. Year ended Year ended 31-Mar-14 31-Mar-13 £ £ 2 Investment income Listed investments 1,360,257 1,262,378 Interest on cash held as part of investment portfolio 1,226 2,572 1,361,483 1,264,950 3 Costs of generating funds Investment Management Fees 181,890 170,020
4 Charitable activities Grants Grants committed but not yet paid at end of period 217,000 77,500 Grants paid during the period (Appendix 1) 1,117,851 964,073 Grants committed but not paid at start of period (77,500) (158,000) 1,257,351 883,573 Support costs Administrative fees* 45,361 43,623 Accountancy fees 7,721 12,498 Sundry 2,603 2,973 55,685 59,094
Total of charitable activities 1,313,036 942,667
* Administrative fees represent a charge from Savoy Hotel Ltd for the provision of the services of the Executive Director. The D'Oyly Carte Charitable Trust has no employees.
The notes on pages 56-60 form part of these accounts
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NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31ST MARCH 2014 Year ended Year ended 31-Mar-14 31-Mar-13 £ £ 5 Governance costs Administrative fees* 15,120 14,541 60,481 Sundry 2,995 3,421 Audit fees 7,500 7,680 Accountancy fees 1,362 2,206 Other legal and professional fees 835 2,877 27,812 30,725
* Administrative fees represent a charge from Savoy Hotel Ltd for the provision of the services of the Executive Director. The Charitable Trust has no employees. Year ended 31-Mar-14 6 Investment assets £ Listed investment: Market value at 1st April 2013 45,892,516 Additions during the period at cost 2,140,904 Disposal proceeds (1,984,315) Realised Gain/(Loss) 161,908 Un-realised Gain/(Loss) 1,831,761 1,993,669 Market value at 31st March 2014 48,042,774 Cash held for Investment 278,837 -3,533 Total Investment value at 31st March 2014 48,321,611 0
Investment at market value comprised of: UK Overseas Total £ £ £ Equities - - - Pooled Investment Vehicles 39,778,374 6,046,318 45,824,692 Fixed Interest Securities 2,218,082 - 2,218,082 Cash 278,837 - 278,837 42,275,293 6,046,318 48,321,611
Historical Cost of Investments 39,722,544
All the Trust's Investments are held in the United Kingdom. Except for the following investments, no other assets held in the Portfolio represent 5% or more of the total Portfolio value: Schroder Income Fund A Inc Unit 5.43% Lazard Diversity Charity Fund Unit 46.82%
The notes on pages 56-60 form part of these accounts
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NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31ST MARCH 2014
Year ended Year ended 31-Mar-14 31-Mar-13 7 Debtors and prepayments £ £ Prepayments 1,817 1,817 Other debtors 12,076 19,349 13,893 21,166
8 Creditors: amounts falling due within one year Audit fee 7,500 7,680 Accountancy and bookkeeping fees 2,520 3,230 Administration charges 5,059 5,505 Grants payable 85,000 69,500 Other creditors 1,837 2,122 101,916 88,037
9 Creditors: amounts falling due after more than one year Grants payable 132,000 8,000 -27,000 10 Unrestricted Funds Balance Increase Balance as at during the as at 01-Apr-13 Year 31-Mar-14
£ £ £ General Funds 46,447,367 1,832,414 48,279,781
11 Analysis of Net Assets Between Funds Investments Other net Total Assets £ £ £ Unrestricted funds 48,321,611 (41,830) 48,279,781
12 Charity Trustee Insurance 0 A premium of £1,817 was paid during the year in respect of Professional Indemnity Insurance (as authorised by an order from the Charity Commission dated 13th April 1999).
13 Payments to Directors No director received any remuneration from the Trust for their services nor were reimbursed any expenses during the year (2013: £Nil).
The notes on pages 56-60 form part of these accounts
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NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31ST MARCH 2014
14 Ultimate Controlling Party The directors are of the opinion that no one party exercises ultimate control of the charity. No transactions have taken place between Directors and the Company that are reportable under Financial Reporting Standards.
The notes on pages 56-60 form part of these accounts
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APPENDIX 1: GRANTS AWARDED Year Ended Year Ended 31-Mar-14 31-Mar-13 £ £ Abbeyfield Reading Society Ltd. - 1,000 Academy of Ancient Music 5,660 - Acorns Children's Hospice 5,000 - Action for Family Carers 4,800 - Action for Stammering Children 4,800 - Actors Touring Company - 3,000 Age NI 3,237 - Aidis Trust - 3,000 Albrighton Trust - 3,000 Alive Activities Limited 4,200 - Alone in London (Circle Care and Support) - 2,166 Alternative Theatre Co. Ltd. (Bush Theatre) 2,700 - Alzheimer's Society - 3,000 Ambition - 3,000 Anthony Nolan Trust - 3,000 Archway Project - 7,675 ARCOS: Association for Rehabilitation of Communication and Oral Skills 3,000 - Armonico Consort Limited 3,000 - Artlink Central 3,000 - Arts at the Old Fire Station 5,000 3,000 Arts Care 3,000 - Arvon 3,000 - Ataxia-Telangiectasia Society - 5,000 Attend 5,000 - Avenues Community Association 2,000 - Averham Bell Education and Restoration Project - 3,000 Bach Choir 3,000 - Back-Up Trust 5,000 - BAND Ltd. 728 3,620 Barnwood Bell Ringers (St.Lawrence Barnwood) - 3,342 Bath Festivals Trust 3,000 3,000 Bath Philharmonia 5,000 - Battersea Arts Centre - 3,500 Berkshire Maestros 3,000 - Birchanger Wood Trust - 3,000 Birmingham Contemporary Music Group 3,000 - Birmingham Hippodrome Theatre Trust 3,000 - Birmingham Royal Ballet Trust - 3,000 Black Country Living Museum Trust 3,000 - Blind Independence Greenwich - 550 Blue Elephant Theatre 4,800 3,924 Blyth Star Enterprises 5,000 - Bolton Hospice 3,000 5,000 Brainwave Centre Ltd. - 3,000 Carried forward 98,925 71,777
The D‘Oyly Carte Charitable Trust is a Company Limited by Guarantee No. 5638406 Registered in England Charity Registration No. 1112457 61
The D'Oyly Carte Charitable Trust
APPENDIX 1: GRANTS AWARDED (continued) Year Ended Year Ended 31-Mar-14 31-Mar-13 £ £ Brought forward 98,925 71,777 Brandon Trust 3,000 - Brendoncare Foundation 4,500 - Brighton Early Music Festival - 3,000 British Association for Adoption & Fostering - 3,000 British Deaf Association 3,000 - British Forces Foundation 5,000 - British Youth Opera - 3,000 Brittle Bone Society 3,000 - BUDS: Better Understanding of Dementia for Sandwell 2,500 2,000 Burnbake Trust and Art Project 3,000 - Cahoots NI 5,000 - Calibre Audio Library - 3,000 Cambridge Summer Recitals 3,030 3,000 Camphill Communities Trust (NI) 4,122 - Carers Gloucestershire 5,000 5,000 Carers Lewisham - 2,476 Carers Network Westminster 5,000 - Carmarthen and District Youth Opera 3,000 3,000 Carousel 4,975 - CCHF all about Kids 2,576 - Chailey Heritage Foundation - 3,000 Changing Faces - 3,000 CHAT Children, Health and Therapy 3,600 3,000 Cheshire Autism Practical Support Ltd. (ChAPS) 2,500 - Chickenshed Theatre Trust 5,000 3,000 CHICKS (Country Holidays for Inner City Kids) 4,410 - Childhood First 3,000 - Children With Aids Charity 2,000 - Children's Adventure Farm Trust 5,000 - Children's Aid Team - 3,000 Children's Discovery Centre East London (Discover) 5,000 - Children's Trust 5,000 - Chipping Camden Music Festival 3,000 - Chipping Norton Theatre Ltd. 2,100 - Choir with no name 3,000 - Christie Charity 5,000 - Circus Space 3,000 - Cirencester Opportunity Group 4,000 - City and Guilds of London Art School 10,000 10,000 City Arts Trust Limited (City of London Festival) 4,450 3,000 City of Birmingham Symphony Orchestra 3,000 - Carried forward 228,688 127,253
The D‘Oyly Carte Charitable Trust is a Company Limited by Guarantee No. 5638406 Registered in England Charity Registration No. 1112457 62
The D'Oyly Carte Charitable Trust
APPENDIX 1: GRANTS AWARDED (continued) Year Ended Year Ended 31-Mar-14 31-Mar-13 £ £ Brought forward 228,688 127,253 Claire House Children's Hospice 4,490 - Classical Opera Company - 8,000 Clean Rivers Trust - 5,000 Clod Ensemble 6,000 6,000 Close House Projects 1,550 - Colchester Mercury Theatre 2,000 - Connect - the communications disability network 3,000 - Conquest Art - 2,500 Conservation Volunteers Cornwall 4,940 - Contact a Family - 3,000 Contented Dementia Trust 3,000 - Cornwall Disability Arts Group - 3,000 Cornwall Hospice Care 4,000 - Coroners' Courts Support Service 3,000 - Cotswold Canals Trust 3,000 - Countryside Restoration Trust - 6,000 Cowbridge Music Festival 1,500 1,500 Cowpen Quay Community Association - 3,155 Create (Arts) Ltd. 3,000 3,000 Crossroads Care Bury 5,200 - Crossroads Care Swansea Neath Port Talbot 3,000 3,000 Crossroads Caring for Carers NI Ltd. - 3,500 Cumbria Choral Initiative 2,000 - Customs House 4,345 - Cystic Fibrosis Trust 10,000 - Daisy Garland 3,000 - Dame Vera Lynn Trust for Children with Cerebral Palsy - 1,314 Dance United - 4,000 DanceEast 500 - Dartington Hall Trust 4,000 3,600 Deaf@x 4,850 4,727 Deafblind UK 5,000 - Deafinitely Theatre Ltd. - 3,000 DEMAND - Design and Manufacture for Disability 5,000 - Disability Challengers - 2,325 Disabled Living Foundation 1,900 - Dogs for the Disabled 5,000 - Donna Louise Trust 4,000 - Door Youth Project 3,000 - Dorset Opera 1,000 - Down's Syndrome Association 5,657 5,000 Drake Music Project 3,000 Drake Music Project Northern Ireland 3,000 Carried forward 338,620 201,874
The D‘Oyly Carte Charitable Trust is a Company Limited by Guarantee No. 5638406 Registered in England Charity Registration No. 1112457 63
The D'Oyly Carte Charitable Trust
APPENDIX 1: GRANTS AWARDED (continued) Year Ended Year Ended 31-Mar-14 31-Mar-13 £ £ Brought forward 338,620 201,874 DreamArts - 2,500 Dystonia Society - 2,000 Earl Mountbatten Hospice 2,500 - East Holton Charity (Holton Lee) - 3,000 East Neuk Festival - 2,500 East Sussex Association of Blind and Partially Sighted People - 3,000 Eden Court - 2,416 Edinburgh International Festival Society 4,000 - Edward Barnsley Educational Trust 5,000 - Elmhurst School of Dance - 5,000 Encephalitis Society 3,000 - Endometriosis UK 4,000 - English National Ballet 3,000 - English National Ballet School 3,000 - English National Opera 3,000 - English Touring Opera - 4,000 Enham Trust 5,000 - Epilepsy Society - 4,588 ERIC (Education and Resources for Improving Childhood Continence) - 4,000 Escaping Victimhood 4,500 - Ex Cathedra - 3,000 Factory Youth Zone 4,365 - Fauna & Flora International - 4,000 Fircroft Trust - 3,330 First Story 3,000 - Fishing for Heroes - 2,000 Foundation for the Study of Infant Deaths - 4,375 Foundling Museum - 3,000 Freedom from Torture - 3,000 Fressingfield PCC (Music Festival) 1,000 600 Friends of Kent Churches 250 250 Future Trees Trust 5,000 - Galloway's Society for the Blind - 3,295 Garden Science Trust - 1,250 Garsington Opera - 3,000 Gloucestershire Everyman Theatre Co. Ltd. - 3,000 Glyndebourne Arts Trust - 4,000 Greater Manchester Arts Centre - 4,000 Green Light Trust 3,000 - Greenhouse Schools Project Ltd. 4,000 3,000 Guild Care - 2,100 Guildhall School Trust 4,000 4,000 Carried forward 400,235 286,078
The D‘Oyly Carte Charitable Trust is a Company Limited by Guarantee No. 5638406 Registered in England Charity Registration No. 1112457 64
The D'Oyly Carte Charitable Trust
APPENDIX 1: GRANTS AWARDED (continued) Year Ended Year Ended 31-Mar-14 31-Mar-13 £ £ Brought forward 400,235 286,078 Gwent Ballet Theatre Ltd. - 2,500 Hackney Music Development Trust 4,500 - Halle Concerts Society - 5,000 Hampshire & Wight Trust for Maritime Archaeology - 3,000 Haven House Foundation (Children's Hospice) - 4,000 Havens Hospices 3,000 - Havens: London Hereford Leeds 5,000 5,000 Headway - The Brain Injury Association 5,000 5,000 Hearing Dogs for Deaf People - 5,000 Heart of Kent Hospice - 3,000 Hearts & Minds - 1,000 Hebridean Trust 4,000 - Helen & Douglas House 5,000 - Help the Hospices 15,000 15,000 Hereford Cathedral Perpetual Trust - 4,000 Historic Chapels Trust 5,000 - Hoddesdon (Community) Society of Performing Arts (Mayhem Theatre) 4,800 - Hollybank Trust 4,190 - Home Start Cotswolds - 5,000 Honeypot Charity 5,000 3,500 HorseCourse 4,700 - Hospice at Home West Cumbria - 5,000 Hospice of the Valleys - 1,915 Huntington's Disease Association - 3,000 In Harmony - Sistema England - 2,140 Inland Waterways Association 2,300 - Integrated Neurological Services - 4,534 InterAct Reading Service 4,000 - International Guitar Foundation & Festivals 3,000 4,000 Irene Taylor Trust - Music in Prisons 2,767 - Isabel Hospice Ltd. - 3,000 Isle of Jura Music Festival - 750 Islington Community Theatre - 4,000 Jackdaws Educational Trust 4,000 4,000 Jennifer Trust for Spinal Muscular Atrophy 5,000 - Jessie's Fund - 3,245 Jewish Deaf Association 5,000 - Julia's House 5,000 - Jumbulance Trust 5,000 - Katharine House Hospice Banbury 3,000 - Katharine House Hospice Stafford 2,500 - Kendal Brewery Arts Centre Trust Ltd. - 3,000 Carried forward 506,992 385,662
The D‘Oyly Carte Charitable Trust is a Company Limited by Guarantee No. 5638406 Registered in England Charity Registration No. 1112457 65
The D'Oyly Carte Charitable Trust
APPENDIX 1: GRANTS AWARDED (continued) Year Ended Year Ended 31-Mar-14 31-Mar-13 £ £ Brought forward 506,992 385,662 Kent Music - 2,500 Key Changes - 3,000 Kingston Carers' Network 4,600 - Kingston Theatre Trust 2,500 - Kirkwood Hospice - 4,291 La Folia Music - 2,000 Lakelands Day Care Hospice - 5,000 Leeds Lieder+ - 3,000 Leicestershire Chorale (Youth Find a Voice) 3,500 - Leonard Cheshire Disability Kendal - 969 Lewis-Manning Trust (Hospice) 3,000 - Limes Community & Children's Centre 4,500 - Lincoln Arts Trust (Lincoln Drill Hall) 4,500 - Livability 5,000 - Living Lively - 3,520 Living Paintings 3,000 - Living Well Trust - 3,000 Llandaff Cathedral Solo Organ Fund - 3,000 London Academy of Music and Dramatic Art - 3,000 London Children's Ballet 5,000 - London Music Masters 5,000 5,000 London Philharmonic Orchestra - 3,000 London Symphony Orchestra Ltd. 3,000 3,000 Longborough Festival Opera 5,000 - Lowestoft Signing Choir - 3,000 Macmillan Cancer Support (Hope Course) - 5,000 Macmillan Cancer Support (South Tyneside Young Carers Project) 5,000 - Macular Society 3,000 - Magdala 5,000 - Maggie's Cancer Caring Centres - 3,000 Magic Breakfast - 5,000 Manchester Camerata 3,000 - Marie Curie Cancer Care 5,000 - Marine Conservation Society - 4,000 Marlowe Theatre Development Trust - 3,000 Medical Artists' Education Trust - 5,000 Meningitis Trust 3,000 - Menter Rhosygilwen 2,000 - Merry Opera Company - 4,937 MERU (Medical Engineering Resource Unit) 3,995 - Mildmay UK - 3,000 Missing People - 3,000 Carried forward 585,587 468,879
The D‘Oyly Carte Charitable Trust is a Company Limited by Guarantee No. 5638406 Registered in England Charity Registration No. 1112457 66
The D'Oyly Carte Charitable Trust
APPENDIX 1: GRANTS AWARDED (continued) Year Ended Year Ended 31-Mar-14 31-Mar-13 £ £ Brought forward 585,587 468,879 Moor Trees - 5,000 More House School (Gard'ner Memorial Ltd.) - 3,000 Mornington Trust - 3,000 Motability 5,000 3,000 MS Society - 3,000 Muir Maxwell Trust 2,500 - Multiple Sclerosis Therapy Centre Norfolk 2,400 - Multiple Sclerosis Trust 3,370 - Multiple System Atrophy Trust - 2,662 Music First 3,000 - Music for Autism 2,500 - Music for Youth 5,000 - Music in Hospitals 5,400 - Music in the Castle (Huxham Charitable Trust) 2,000 - Music on the March (1952) Ltd. 4,700 - Musicians Benevolent Fund 2,500 - National Centre for Early Music - 3,000 National Children's Orchestra of Great Britain 4,000 - National Gulf Veterans & Families Association 5,880 - National Osteoporosis Society 3,000 - National Student Drama Festival 3,000 - National Theatre 5,000 - National Trust - Castle Drogo Appeal - 2,000 National Youth Ballet of Great Britain - 3,000 National Youth Choir of Scotland 3,000 - National Youth Jazz Collective c/o Sound and Music - 4,500 National Youth Wind Orchestra of Great Britain 3,000 - Nature Foundation 3,000 - Neuromuscular Centre 3,000 - New English Ballet Theatre - 3,600 New Harmonie - 3,000 New London Orchestra Ltd. - 4,000 New Perspectives Theatre Company - 3,000 New Sussex Opera 3,000 3,000 New Writing North 4,500 - Newham Music Trust - 3,000 Newlife Foundation for Disabled Children 5,000 - Noah's Ark Children's Hospice - 5,000 Nordoff-Robbins Music Therapy in Scotland - 3,000 Norfolk Hospice Tapping House 1,337 - North East Theatre Trust: Live Theatre 3,674 - North Northumberland Hospice Ltd. 3,000 - Carried forward 677,348 528,641
The D‘Oyly Carte Charitable Trust is a Company Limited by Guarantee No. 5638406 Registered in England Charity Registration No. 1112457 67
The D'Oyly Carte Charitable Trust
APPENDIX 1: GRANTS AWARDED (continued) Year Ended Year Ended 31-Mar-14 31-Mar-13 £ £ Brought forward 677,348 528,641 North Wall Arts Centre 2,500 4,000 Northern Ballet 3,000 2,000 Norwood Ravenswood 3,708 - Nottinghamshire Hospice - 4,000 NTC Touring Theatre Co. Ltd. 3,500 4,000 Only connect - 3,000 Opening Doors - 3,000 Opera East Productions 3,000 - Opera Group - 3,000 Opera Holland Park (Friends) - 3,000 Opera Minima 3,500 - Opera North Ltd. 3,000 - Opera Rara 3,000 - OPERAHOUSE Music Projects - 3,525 Orchestras Live 3,000 - Orpheus Centre Trust 5,000 - Oundle Music Trust - 3,000 Over the Wall 4,000 - Oxford Leider Ltd. - 4,000 Oxford Philomusica 3,000 - Oxford Playhouse Trust - 3,000 PACE Centre 3,000 - Painshill Park Trust - 5,760 Pallion Action Group 4,800 - Patina (Parents and Teachers in the Arts 2,000 - Paul's Cancer Support Centre - 2,950 Pavilion Opera Educational Trust - 5,000 Peace Hospice Care 3,775 3,000 Pegasus Opera Company 2,500 - Penny Brohn Cancer Care - 3,000 People's Trust for Endangered Species 5,000 - Peterborough Opera - 2,045 Pimlico Opera 4,000 - Pimlott Foundation 5,000 - Pituitary Foundation 3,000 - Plantlife - The Wild-Plant Conservation Society 5,000 5,000 Polka Theatre for Children 3,000 - Premises Music Education Programme - 4,000 Prince's Trust (Incorporating Fairbridge) - 3,720 Princess Alice Hospice Trust Ltd. - 5,000 Project Space Leeds (The Tetley) 3,000 - Propeller - 3,000 Prospect Hospice 4,000 - Carried forward 765,631 610,641
The D‘Oyly Carte Charitable Trust is a Company Limited by Guarantee No. 5638406 Registered in England Charity Registration No. 1112457 68
The D'Oyly Carte Charitable Trust
APPENDIX 1: GRANTS AWARDED (continued) Year Ended Year Ended 31-Mar-14 31-Mar-13 £ £ Brought forward 765,631 610,641 Prostate Cancer UK 4,000 - Puppet Centre Trust 3,310 - Pushkin Trust - 4,500 Queen Elizabeth Hospital Birmingham Charity 3,588 - Rainbow Centre 2,142 - Rainbow Trust Children's Charity 5,000 - Rainbows Hospice/Cope Children's Trust - 5,000 Rambert Dance Company 3,000 3,000 Ramsbury & Axford Parochial Church Council (Organ Fund) - 4,000 Reach Volunteering 3,000 - Read for Good (Readwell) 5,000 - Regent's Park Open Air Theatre Ltd. 3,336 - Rehearsal Orchestra - 2,500 Resources for Autism - 3,000 Richard House Trust 3,000 - Riverside Opera - 3,000 Roman River Music 3,000 - Roundabout (Drama and Movement Therapy) - 3,737 Royal Academy of Dramatic Art 20,000 20,000 Royal Academy of Music 4,000 4,000 Royal Ballet School 3,000 - Royal Botanic Gardens, Kew (Foundation and Friends) 3,000 3,000 Royal Brompton & Harefield Charitable Trust 5,000 - Royal Exchange Theatre - 2,890 Royal Northern College of Music 10,000 10,000 Royal Opera House Foundation 3,000 - Sacconi Trust - 2,500 Sadler's Wells Trust Company - 3,000 Salisbury Community Choir - 1,500 Samling 5,000 5,000 Scene & Heard 3,000 - Scottish Ballet - 3,000 Scottish Ensemble 4,000 - Scottish Opera 3,000 - Sebastian's Action Trust - 5,000 Second Chance Children's Charity 5,000 - Sensory Trust 3,000 - Shakespeare Hospice 2,500 - Shakespeare Schools Festival 3,000 - Shaldon Festival - 1,000 Shed@ThePark Ltd. 3,500 - Sherman Cymru - 2,500 Carried forward 884,007 702,768
The D‘Oyly Carte Charitable Trust is a Company Limited by Guarantee No. 5638406 Registered in England Charity Registration No. 1112457 69
The D'Oyly Carte Charitable Trust
APPENDIX 1: GRANTS AWARDED (continued) Year Ended Year Ended 31-Mar-14 31-Mar-13 £ £ Brought forward 884,007 702,768 SHINE (formerly Association for Spina Bifida and Hydrocephalus) - 3,000 Shooting Star CHASE 3,750 - Sick Children's Trust - 5,000 Sinfonia Cymru - 3,000 Sinfonietta Productions Ltd. 5,000 - Sing for Pleasure 4,890 2,337 Sittingbourne Heritage Museum - 2,500 Society of Architectural Historians of Great Britain 4,000 - Soho Theatre and Writers' Centre 3,000 3,000 Solomon's Knot Productions Ltd. 2,000 - Somerset Community Foundation 10,000 - sound Festival 3,000 2,800 Sound Waves South West Music and Music Therapy Trust - 2,875 Sounds New 4,000 4,000 Southampton Nuffield Theatre Trust - 3,500 Southbank Sinfonia - 3,500 Species Recovery Trust - 2,000 Spitalfields Festival Ltd. (Spitalfields Music) 4,350 4,000 St. Andrew's Hospice, Airdrie - 1,300 St. Barnabas Hospices (Sussex) Ltd. (St Barnabas House) 5,000 - St. Christopher's Hospice, Sydenham 4,000 - St. David's Hospice Care, Newport 3,000 - St. Elizabeth Hospice, Ipswich - 5,000 St. George's Hospital Charity, Tooting 3,000 - St. John's Hospice, North London - 3,000 St. Joseph's Specialist School & College 3,500 - St. Margaret's Hospice, Somerset 5,000 3,000 St. Mary's Cathedral Workshop - 3,000 St. Mary's Wrestwood Children's Trust (The Talking Trust) 4,930 4,192 St. Michael's Hospice, Hereford - 4,000 St. Peter and St. James Charitable Trust , Lewes 5,000 5,000 St. Raphael's Hospice , Sutton 2,500 - St. Richard's Hospice, Worcester - 2,500 Story Door 1,862 - Streetwise Opera 5,000 - Stroke Association - 5,000 Surfers Against Sewage - 3,000 Surrey Care Trust 5,000 5,000 Sussex Association for Spina Bifida and Hydrocephalus - 4,000 Teenage Cancer Trust 5,000 - Tell me a Tale 5,000 - Carried forward 985,789 792,272
The D‘Oyly Carte Charitable Trust is a Company Limited by Guarantee No. 5638406 Registered in England Charity Registration No. 1112457 70
The D'Oyly Carte Charitable Trust
APPENDIX 1: GRANTS AWARDED (continued) Year Ended Year Ended 31-Mar-14 31-Mar-13 £ £ Brought forward 985,789 792,272 The Art Room - 2,500 The Dukes 2,500 - The Legacy Rainbow House - 5,000 The Lowry Trust 4,800 - The One Handed Musical - 4,000 The Porch - Steppin' Stone Centre - 1,000 The Rifles Charities - Care for Casualties - 5,000 Theatre Centre 1,800 - Theatre Royal at Bury St. Edmunds 3,000 - Theatre Royal Bath (Egg Theatre) 3,000 - Theatre Royal Plymouth Ltd. 3,000 - Theodora Children's Trust 5,000 4,000 Three Choirs Festival Gloucester - 3,000 Threlkeld Village Hall Trust 3,000 - Tommy's 5,000 3,000 Toonspeak Young People's Theatre - 3,900 Topolski Memoir Ltd. - 3,000 Torbay and South Devon Music Centre - 1,200 Treetops Hospice 3,000 - Tricycle Theatre Company - 3,000 Trinity Hospice 4,000 4,000 Tunnell Trust for Young Musicians 4,000 - Tyneside Cinema (Tyneside Film Theatre Ltd.) - 3,000 Ulster Youth Orchestra - 2,500 Unexpected Opera 5,000 3,000 Unicorn Theatre for Children (Caryl Jenner Productions Ltd.) - 5,000 University of Oxford Botanic Garden (and Harcourt Arboretum) - 2,500 Vitalise - 4,968 ViVA Chamber Orchestra Ltd. (Sinfonia Viva) - 5,000 Wakefield Theatre Trust 3,322 - Wallfisch Band - 4,000 Walter Carrington Educational Trust 3,000 - Warley Woods Community Trust - 2,000 Warwickshire Association for the Blind 3,500 - Watermill Theatre Ltd. 5,000 - Wee Stories Theatre for Children - 4,000 Welsh Chamber Orchestra 3,000 3,000 Welsh National Opera - 5,000 Wessex Children's Hospice Trust (Naomi House) - 2,400 West Norfolk Carers - 3,800 West Norfolk Gilbert & Sullivan Operatic Society 1,000 - Westonbirt, the National Arboretum 5,000 - Whale and Dolphin Conservation Society 5,000 3,000 Carried forward 1,061,711 888,040
The D‘Oyly Carte Charitable Trust is a Company Limited by Guarantee No. 5638406 Registered in England Charity Registration No. 1112457 71
The D'Oyly Carte Charitable Trust
APPENDIX 1: GRANTS AWARDED (continued) Year Ended Year Ended 31-Mar-14 31-Mar-13 £ £ Brought forward 1,061,711 888,040 Where Next Association - 2,000 Whitechapel Gallery 3,000 - Whizz-Kidz - 5,000 Wilderness Foundation 4,500 - Wildlife Trust Avon 5,000 - Wildlife Trust Beds, Cambs, Northants 2,000 - Wildlife Trust Berkshire - 2,500 Wildlife Trust Durham 3,200 - Wildlife Trust Gloucestershire - 5,000 Wildlife Trust North Wales - 5,000 Wildlife Trust Northumberland 4,000 - Wildlife Trust Scotland - 5,000 Wildlife Trust Sheffield - 3,000 Wildlife Trust Staffordshire - 3,000 Wildlife Trust Sussex - 3,000 Wildlife Trust Wiltshire 4,000 - Wildlife Trust Yorkshire - 2,000 Willen Hospice 3,600 - Willow Burn Derwentside Hospice Care Foundation 3,500 3,000 Wiltshire Music Centre Trust 3,000 4,000 Wolverhampton Grand Theatre 3,000 - Woodlands Hospice - 3,000 Worcester Live (Huntington Arts) - 2,500 Worcestershire Building Preservation Trust Ltd. 3,000 - Wotton-under-Edge and District Recreational Trust 1,000 - Yehudi Menuhin School - 3,000 Yorkshire Dales Millennium Trust 5,000 - Young Epilepsy - 3,350 Young Musicians Symphony - 3,000 Young People's Trust for the Environment - 3,000 Young Vic Theatre 3,450 3,500 Youth Music Theatre UK - 5,000 YouthAction Northern Ireland - 2,018 Zoe's Place Baby Hospice 4,890 - Zoological Society of London - 5,165
1,117,851 964,073
The D‘Oyly Carte Charitable Trust is a Company Limited by Guarantee No. 5638406 Registered in England Charity Registration No. 1112457 72