THE CHERUBIM MUSIC TRUST BALANCE SHEET AS AT 31 JULY 2021
| FIXED ASSETS (Note 1) Instruments at cost brought forward Adjustments to reconcile inventory Additions at cost during year CURRENT ASSETS Current account Deposit account - Nat West Deposit account - CAF Bank (No. 1) current account - CAF Bank (No. 2) Paypal Account VAT ACCUMULATED FUND Opening Balance as at 1st August 2020 Instruments asset value adjustment Surplus for the year |
£ 341 3 15000 31502 1575 1813 -72 |
2021 | £ £ 237918 237918 26254 264172 217 3 15000 53457 1680 - 1453 50162 314334 309728 0 4606 314334 |
2020 | £ 186370 5752 |
|---|---|---|---|---|---|
| 192122 45796 |
|||||
| 237918 71810 |
|||||
| 309728 | |||||
| 199870 5752 104106 |
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| 309728 |
Note 1
Instruments are entered in the Balance Sheet at purchase price or estimated value if donated. As at 31 July 2020 the total insured value of the Trust's instruments was £286,700 and the insured value of third party instruments placed with the Trust for loan was £45,000.
THE CHERUBIM MUSIC TRUST INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JULY 2021
| INCOME Donations and sponsors Subscriptions Interest Gift Aid Concerts/Events Instrument insurance Awardee Payments Reimbursements Instrument Rental Charges Less: EXPENDITURE Sales and Marketing Instrument maintenance Advertising and web site Media & event promotion Transportation School Workshops/Facilities General Expenses Concert promotion Concert fees Catering ADMINISTRATION Salaries and fees General promotion Instrument insurance Management Expenses Bank charges NET SURPLUS FOR THE YEAR |
£ 19092 3253 138 0 2849 1885 146 5340 3485 - 986 - - 1677 - 2340 - 8488 15177 - 2689 1662 81 19609 |
2021 | £ 32703 28097 4606 |
£ 97851 3142 53 16723 6565 2305 - 2902 500 488 - 302 - 1910 176 3082 - 6458 13448 3062 2407 - 60 18977 |
2020 £ 129541 25435 104106 |
|---|---|---|---|---|---|
We have completed the above Income and Expenditure Account without carrying out an audit from the books, vouchers, information and explanations supplied to us.
31st January 2022 PRYOR BEGENT FRY & CO. 97 Meneage Street, Helston, Cornwall CHARTERED ACCOUNTANTS
Indepenilent Ex*Jniner's Report lo ¢he Trn5(ees of THF. CHF.RI,'BIM MUSIC TRL'ST 11 e report on ihe account% ()[ the Tru%1 for ih¢ I'¢Ir ended 31 Jul!. ?0? l. "hich are %el oui on Ihe aitsKhed pages. Respeetil'e Responqibilities of Tnjsleeg and F.xaminer 'IhL C'hariTh' s Trusiees are responsible lor ihe preparaiion of ihe a¢i(iunl%. (.'htsrii!' s "I'rusiccs consider Ihai an audil 15 not required lor Ihis period (under tseLlivn 144 of l-hc Chariiics Aci ?oii (The Q'harities Act). and that an ijidependeni e.Kdmination is nccdcd. li is our responsibiliTh- io: F.Yamine the accounts l under seLlion 145 01. The Charities .4ci). l () tolli)ii' Ihl proccdurLS laid dou'n in ihe (Tcncral DirLYiions gii'cn b! ihe Charill. Ciimmi%sion lundcr 8cclion 145151(Bl nf 'l'hc L hariliLS ALI. and "I"0 sthie 'hether partiLular mailers hai'e Lome io our aiienlion. Basis Independent F.JamiDer'$ Report Our eXin<{)n carricd out in accordancc with ihc Cy¢n¢ral Directinns gil-en h the ChariiN Commissii)ners. An examindii()n inLludes d rei lem ut. Ihe dLLOUI)iiiig ricords kept b!. Ihe Cliarii!. and a LOmpSOn ol. the accounts presenled M'ith those records. li also includes consideration ol" ani- unusual ilLms or disclosurcs in the aLLounls. Lind iLLking L'xplanalions frrom ihc irustCCS LonLL'minu dni. 4uLh maitcrs. The proLeaure5 undertaken dc) nnl prnN"ide all the ¢i"idenLe that H"()uld be required in an audil, and consequeiiil!, i)u opinion is gF jl'en to he1her Ihe dLLounls pre5ei)i a truc and fair lie. and the rewri is limiied io those matters sel oui in ihe siaiemenl below.. Independent Examiner's Stattment In Li)nneLli(?n 'th our cxamination. no mattcr has comc lo our attcnlion- .hiLh gii'L% us rcasonablc causc to bclici'c thai in anN' material rcspcct thc requirements: Tci kLYp accouniing records in accordance 'Ith seciion 1.10 ot"The Charilies ALI I'c) prepare accounts w'hich aLcord %%iih the aLcounling records and Lomply iih Ihc account requiremenls of I'he L'harities Aci hai"e noi beeli mel lu iihiLh. in ()ur opinion. allcnlion should be drawn in ordcr 10 cnablc a prOr under%ianding i)f thc accounts to k rcachcd. ,FCA Pnur. Begent, Fn" & Co C'H.4RI'LRLD ACC()LliTAYT (J? %ltneage Streei. C'orn¥4'all. IRli¥R l)ated.. l S Febrnary ?0??
Registered Charity 1088403
The Cherubim Music Trust
Patrons: Baroness Cumberlege CBE DL Alison Balsom Michael Collins FRCM HonRAM Sir Mark Elder Prof Guy Johnston Tasmin Little Chi-chi Nwanoku MBE Trevor Pinnock CBE Marisa Robles FRSM
Trustees Annual Report
25/3/22
The Trust continued to raise funds and acquired three instruments for loan to music students. It presented its concerts and recordings of its Cherubim Musicians in Tisbury and elsewhere.
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Sincerely
Clancy Steer
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Founder Clancy Steer Hon D Univ Chair David Ganderton Director Michael Maxwell Steer Trustees: J Brain D Budden S Foster D Ganderton MJ Gibbons Sir R Jack F Rigg J Scott-Clarke D Steer DC Steer
125 Duck Street, Tisbury. Wiltshire. SP3 6LJ, UK ~ 01747 870070 mms@cherubimtrust.org ~ http://www.cherubimtrust.org