## **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|
||||||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.
**----- Start of picture text -----**
Sincerely
Clancy Steer
**----- End of picture text -----**
_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