REGERED CHARrrY NUMBEIL. 1014284 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL ATEmEfS FOR THE YEAR ENDED 30 SEFfEMBER 2024 FOR THE PARKHOUSE AWARD
THE PARKHOUSE AWARD REPORT OF THE TRusfEES FOR THE YEAR ENDED 30 SEwfEMBER 2024 The ttustees pttsent their rep)rt with the financial slatements of the charity for the year enda 30 Sepfrmber 2024. The Inte¢S have adopted the provisions of A¢)Unting and RetK)rting by Chariti&s". Sement of Recommended Practice appli¢able lo ¢harilies prqwlng their acwunts in accordance with the Financial Rep)rting Standard applicable in the UK and Republic of Ireland IFRS 102) (effe£tive l January 2019). 0KJEcfEs AND AcfMTIES Objetdves and aim5 The Parkhouse Award is a biennial International Chamber Music Comixtltion for pian(Fbased string ensembles fiom duos to piano quartets. Its pur[Ke is to assist one y(Ain8 ensemble to cstsbli5h itself on the musical s(%ne by pmviding recitals at prestigious concert halls in England and Wales over a period of two yew5. The competilion 15 judged by a panel of inlernationalty recognised adjudicators. There is no ca8h wize. The Parkhouse Award was fornied in memory of the outstsndin8 pianist David ParkIMX. It a150 celebTale5 the la Eileen Parkhouse, the founder of the Award and its la PresidenL Their contribution to the wforni8nce of chamber music in Britain and abroad with The Music Group of London (of which they were founder members). and their teaching at the Royal College of Music in Londo were an inspiration lo coun¢le5s audiences and studen ACHIEVEMENT AND PERFORMANCE Ch¥rltsbk activities Concerts opp)rtuniti&s for the 2023 winners during the year included the North York M(M Chamber Music FtiVal, at Wigmore Hall before which they were interviewed live on Radio 3 '1n Tune.. the Banste&l Arts Festival Society and for Richmond Music sIety. Preparations were made for the 2025 LX)mpetition held in April 2025. Prd of Trustees The were no changcs to the lwd of ttuslces in the ycar. FINANCIAL REVIEW Financial position The results for the year and the rent level of resCeS are wnSIder by the trustees to be satisfactory for the charity's CA)mmitments and future obligations. Prin¢ipal funding 8our¢¢s The trustees wish to express their thanks to The Tertis Foundaion and to The Adrian Swire Charitable Tn for their continued and generous supp)rt The tneeS would also like kn thank all the individual donors to the chwity. The rA)ntinued supp)rt of all groups is essential for the continuation of the award. Rwryes policy The charity holds reserves so that it can meet its commilments as they fall due in the short and medium tern and so that it aqn wntinue its charitable work. STRuuRE, GOVERNANCE AND MANAGEMENr Governing document The charity is controlled by its governing documenL a deed of tru51 and constitirtes an uninwrnted charity. The deed is dated l Augiisl 1990 and w&$ amended by supplementsry deeds dated 7 S¢pt¢mber 1991 and 24 October 1991. REFERENCE AND ADMINISniATIVE DETAIiS Reglstered Charity number 1014284 Princi1 address I Church Tetrace Richmond Surrey TWIO 6SE
THE PARKHOUSE AWARD REPORT OF THE TRusfEES FOR THE YEAR EIWED 30 SEFTEMBER 2024 Trustees K Hunter OBE. Cbirnjan N parkhOu FRCS R Pathuse J Unwin P Willan Hon RCM FCMA B G Smith CBE R Cohen J Hob50n KC Indedent Euminer Bi7Nav 86 Hi8h Street Carshalton SM5 3AE Treasurer Fraser Keen B.Se. FCA- T1$Ur Carpenter Kcen LLP Chartettd Accountants I Church Teffac¢ Richmond Surrey TWIO 6SE Administrator Gwenncth Bransby.Zthry MA GBZ Management Hamilton Ccthge WaterlLK) Ro Cranbr(K)k Kent TN17 3JJ Approved by order of the ixwd of trite on 18 June 2025 and si8ned on its lf by: K Hunter OBE. Chairman. Tn
INDEPENDE EXAMINER'S REPORT TO THE TRusfEFS OF THE PARKHOUSE AWARD Independent examiner's report to the ttee$ of The Parkhouse Award I rew)rt to the charity trustees on my examin&ion of the accounts of The Parkhouse Award (the Trust) for the year ¢nd¢d 30 S¢ptembtt 2024. Responslblllllu and basts of rIrt As the charity tnLStees of the Tntst you are rw71 Jle for the rKeparation of the aco)unts in accordance with the requiTements of the ChaTitie5 Ad 2011 Cthe ACV). I rewjrt in restKrt of my examination of the TnW's ac¢(Mmts carried out under kntion 145 of the Act and in Carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145{5Xb) of the Aa. Independent exminerfs ststement I have completed my eInatIon. I confirn) that no mrial mattas have wme to my attention in ¢onnpxtion with the examination giving me cause to believe that in any material resp1. acwunting records were not kept in rw ofthe Tnt as required by Sedion 130 of the ACL or the accounts do not acrd with those records. or the accounts do not comply with the applicable requirements concerning the f(xYn and contrnt of accounts set out in the Charilies (Accounts and Reprts) Regulwions 21x18 other than any requirement that the aUnts give true and fair view which is not a mall¢r cA)ftLsidered as part of an independent e2M1n81l0n. I have no wncems and have come N) other malteTS An connection with the examination kn whi¢h atkntion should be drawn in this reprt in order to enable a proper understsnding of the accounts to be reacheit Richard Morgan BizNav Charteffd Accounlants 86 High Street Carshalton sU¢Y SM5 3AE 18 June 2025
THE PARKHOUSE AWARD STATEMENT OF FINANCIAL AcrtvrriES FOR THE YEAR ENDED 30 SEFfEMBER 2024 2024 2023 UnrestriL%ed Totsl INCOME AND ENDOWME FROM Donations and legacies 25.105 748 Other trading activities Inv¢sthient inorme 262 2.799 1763 1,680 Total 28.166 5.191 EXPENDITURE ON Charitsble artfvltles Fundrnising and pron1 Management of cycles 16th cycle (2021) 17th cycle (2023) 18th cycle (2025) 8252 8.252 14,183 19.205 14,406 3,950 3.989 Totsl 30,554 45,629 NET INCOMFJIEXPENDrruRE) (2J88) (40.438) RECONCIUATJON OF FUNDS Totsl fimds brought fonyard 111.948 152J86 TOTAL FUNDS CARRIED FORWARD 109.560 111,948 The tK*s forni part of thcsc finmciaj sLqtrments
THE PARKHOUSE AWARD BALiNCE SHEET 30 SEFfEMBER 2024 2024 Unrestricted 2023 Tota] Nolts CURRE A&SETS Debtors 478 110,533 268 I l3.130 iii.oii I l3,398 CREDrroRS Amounts falling due within one year (J.451) (1,450) NET CURRE ASSETS 109560 111.948 TOTAL ASSEIS LE&S CURRENr LIABILITIES 109560 111,948 NET A&SETS 109.560 111,948 io 109,560 111.948 TOTAL FUNDS 109.560 111.948 The financial Statements were apprDved by the Board of TneeS and authorised for issue on 18 June 2025 and we signed on Its behalf by: K Hunter OBE- ChairnMI- The no*s forni part of thcse financlal ststanents
THE PARKHOUSE AWARD NOTES TO THE FINANCIAL STATEME FOR THE YEAR ENDED 30 SEvfEMBER 2024 AccouNfiNG POLlCtES sts of plyring the fmancial st*tements The financial siakments of the ¢harity. which is a publi¢ benefft entity under FRS 102, have been prepared in with the Charitie5 SORP (FRS 102) 'Acc4)unting and Rep)rting by Charities: Statement of ReMMended Practice applicable to charities prqjaring their accounts in accor with the Financial Ryrting Standard applithle in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Rewting Standard 102 The Financial Rwting Standard applicable in the UK and Rybli¢ of Ireland, and the Charities Ad 2011. The financial staements have been prepared under the historical LX)St convention. Ineome All income is rec4)gnised in the Stalement of Financial Aetivilies once the Charity entitlem1 to the fiu)ds. it is pn)bknle thal the inwme will be received and the amount can be mcasured reliabty. Expendlture Liabilities are recwised as expenditure as as thae is a leg81 or ¢onstnve obli8ati(M rillIng the ¢harity to that exwditur< it is probable that a transfer of e¢)Mi¢ benefits will be required in selllement and the amount of the obligation can be MsUred reliabty. ExIditiUe is accounted for on an a¢cnth]s basis and has been classified under headings that aggregate all c05t rclthj kn the category. WheTe LX15ts cannot be dillY attributed to particular healings they have allated to aCtitICS on a basis rThsistfflt with the use of Taxation The charity is exempt from tax on its Charitabk activities. Fund aceounting Unr¢stricted fimds can b¢ used in &cord with the Charile objectives at the dilon of th¢ trustees. Restricted funds can only be used for prticular 5]e1¢d purp)ses within the obj&ts of the Charity. Restrictions aTise when sp¢cified by the th)nor or when filluls are lSed for parti¢u]ar rcstricted puTSeS. Further explanation of the nature and PUTP)s¢ ofeach fill is included in the notes to the fuwKial statements. DONATIONS AND LEGACILS 2024 2023 25,105 748 Unrestri¢ted th)nations of £25,105 {2024 £748) were received during the year and these contribute to meeting the chwity's objectives and aims ovff the next few years. Page 6 continued...
THE PARKHOUSE AWARD NOTES TO THE FINANCIAL sfATEMENTS- eoollnued FOR THE YEAR ENDED 30 SEYfEMBER 2024 2024 2023 ricket & prOgrae sales Enty fee5 and other ino)me 262 1,930 833 262 2,763 INVEsfMENT INCOME 2024 2023 Inteffst on investments 1,680 CHAIUTABLE AcnvrfiES COS15 Direcl Fundraising and pro1100 Management of cycles 17th cycle (2023) 18th cycle (2025) 480 8252 14.406 3,466 26,604 TRusfEFS' REMUNERATION AND BENEFfis There were no ts7, TemunerntM)n or other benefits the year ended 30 Sepiember 2024 nor for the year ended 30 Sepmtr 2023. Tntels, expenses were no truste¢s' expenses paid for the year endol 30 S¢ptember 2024 nor for the year ¢nded 30 SeptembK 2023. COMPARATEVES FOR THE ATEMEr OF FINANCIAL AcfiviTIES Unrestricted funds INCOME AND ENIK)WMEIYTS FROM Donations and legacies 748 Ckher trading activiti&8 Investment inLX)me 2,763 1,680 5,191 EXPENDTniRE ON Charitsble 8¢tivides Managemeni of cycles 16th cycle (2021) 17th cycle (2023) 8252 14,183 19.205 3,989 Total 45,629 Page 7 continued...
THE PARKHOUSE AWARD NOTES TO THE FINANCIAL ATEMENTs- continued FOR THE YEAR EIYDED 30 SEFfEMBER 2024 COMPARATIVES FOR THE STATEME OF FINANCIAL AThTIES. Continued NET INCOMEIffjXPENDrruRE) {40.438) RECONCILIATION OF FUNDS Total funds bn)ught foTward 152J86 TOTAL FUNDS CARRIED FORWARD 111.948 DEwfoRS: AMouNfs FALLING DUE WllIN ONE YEAR 2024 2023 Other debtors (VAT) 478 268 CREDITORS: Amou FALLING DUE I[HIN ONE YEAR 2024 2023 Other Creditors 1,451 1.450 io. MOVEME IN FUNDS Net At .1023 At 30.9.24 in funds Unrestrleted 111.948 (2J88) 109.560 111948 (1388) 109560 Net movemenl in funds. included in the akne aff as fo]kn. 28.166 (30.554) (2.388) 28.166 (30.554) {2J88) Page 8 continued..
THE PARKHOUSE AWARD NOTES TO THE FINANCIAL STATEMEiYfs. conlinued FOR THE YEAR ENDED 30 SEFTEMBER 2024 io. MOVEMEKf IN FUNDS- contiwued Compar*lfves for move4n¢nt in funds Net movement in fillKIs At 1.10.22 At 30.9.23 Unr¢8trfcted fvnds 152J86 (40.438) 111,948 TOTAL FUNDS 152386 (40,438) 111,948 Comparalive net movement in fimd4 included in the aiM)ve are as follows: Incoming Resources Movement in funds Unres¢rkted fillMIs General fund 5.191 (45,629) (40,438) 5.191 (45.629) (40,438) A Current year 12 months and prioryear 12 months combined Fx)sition is a5 follows: Net movement in funds At 1.10.22 At 30.9.24 UDrestricted funds GeneTrl fiu)d 152.386 (41826) 109,560 TOTAL FUNDS 152J86 (42,826) 109.560 A current year 12 months and prior year 12 months combined net movement in fimds, included in the alx)ve are as follows: Incoming Resources Movement Unrnstrlcl¢d funds 33J57 (76,183) (42,826) TOTAL FUNDS 33J57 (76.183) {42.826) Page 9 continued...
THE PARKHOUSE AWARD NOTES TO THE FINANCIAL ATEmENTS. eontinued FOR THE YEAR ENDED 30 SEvfEMBER 2024 ii. RELATED PARTY DISClnSURES Thae were no related paty tranwlions for the year ended 30 S¢ptember2024. Page 10