Trustees Annual Statement
09/01/2025
The Cherubim Trust continued to raise funds and acquire instruments for loan to students. It presented a number of musical events during the year, and expanded its social media coverage.
THE CHERUBIM MUSIC TRUST BALANCE SHEET AS AT 31 JULY 2024
| FIXED ASSETS (Note 1) Instruments at cost brought forward Additions at cost and valuation during year CURRENT ASSETS Current Account - Natwest Deposit Account - Shawbrook Deposit Account - CAF Gold Current Account - CAF 2 Deposit Account - Saffron Paypal Account Current Liabilities Balance on SaxOphone VAT Nett Current Assets ACCUMULATED FUND Opening Balance as at 1st August 2023 Instruments gifted Surplus for the year |
2024 £ 220 40000 30125 13148 85000 457 168950 0 344 |
£ 291029 30954 321983 168606 490589 331805 19000 139784 490589 |
2023 £ 270 10000 24917 2495 0 2863 40545 2370 -2598 |
£ 274311 16718 |
|---|---|---|---|---|
| 291029 40773 |
||||
| 331802 | ||||
| 328065 0 3740 |
||||
| 331805 |
Note 1:
Instruments are entered in the Balance Sheet at purchase price or estimated value if donated. At 31 July 2024 the total insured value of the Trust's instruments was £486850 and the insured value of third party instruments placed with the Trust for loan was £114200.
THE CHERUBIM MUSIC TRUST INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JULY 2024
| INCOME Donations and sponsors Subscriptions Interest Gift Aid Concerts/Events Instrument insurance Awardee Payments Instrument Rental Charges Instruments Sold Less: EXPENDITURE Sales and Marketing Instrument maintenance Website & promo Transportation School Workshops/Facilities General Expenses Concert promotion Concert fees ADMINISTRATION Salaries and fees Instrument insurance Management Expenses Bank charges NET SURPLUS FOR THE YEAR |
2024 £ 171500 3797 1802 81 8084 4758 7132 4085 4336 4465 1085 1086 4052 713 4475 20212 35708 3652 1715 168 41243 |
£ 201239 61455 139784 |
2023 £ 18285 4549 339 149 19405 2477 5865 1194 1247 2104 1413 3540 1164 5710 16372 26901 2727 975 354 30957 |
£ 51069 47329 |
|---|---|---|---|---|
| 3740 |
We have completed the above Income and Expenditure Account without carrying out an audit from the books, vouchers, information and explanations supplied to us.
3rd December 2024
PRYOR BEGENT FRY & CO.
97 Meneage Street, Helston, Cornwall
CHARTERED ACCOUNTANTS
Independent Examiner's Report to the Trustees of THE CHERUBIM MUSIC TRUST We report on the accounts of the Trust for the year ended 31 July 2024, which are set out on the attsched pages. Respective Responsibilities of Trustees and Examiner The Charity's Trustees are responsible for the preparalion of the accounts. The Charity's Trustees consider that an audit is not required for this period (under section 144 of The Charities Act 2011 (The Charities Act), and that an independent examination is needed. It is our responsibility to: Examine the accounts (under section 145 of The Charities Act), To follow the proLedures laid dowii in tlie General Directions given b). the Charity Commission (undci. sLction 145(5)(B) of Tlie Charities Act. and To state wliether particular mailers have come to our atlention. Basis of Independent Examiner's Report Our examination was carried out in aLLordanLe with thc GLneral Directioiis given by the Charily Commissioners. An examination includes a review of the aLcounting records kept by the C'liarity and a coniparison ot. the accouiits presenled with those rccords, It also includcs considL'ratioii of ali). unusual ilL'ms or disclosures in thL' accounts. and seeking explanations Irom thL trustee.% concLriiiiig any sucli Inatters, ThL proL'cdiirLs undcrtak'Ln do noi providL all ihL' Lvidcncc ihal would bL rLquirLd in ali audit. and L()nsequeiiily no opiiiioii is gijN'en as to whetlier the aLcounts prLscnt il true and fair view and ihe report is liinitcd to ihose niatters set out in the statement below. Independent FJxaminer's Statement In connection with our examination, no maller has come to our attention: which g)ives us reasonable cause to believe ilial in any material respect the requir¥ments.' To keep accoiinting records in accordan¢e w'itli section 130 of The Charities Act To prepare accounts which accord with the accountiiig records and comply with the accoiint requircments ot" The Charities Act Iiave iiot beei) niet (2) to which, in our opinion. attention sliould be drawn in order to enable a proper understanding of the accounts to be reached. ,FCA Pryor, Begent, Fry & Co CHARTERFD ACCOUNTANT 97 Meneage Street, Helston, Cornwall. TR13 8RE Dated.. 5 December 2024