2025-07-31-accounts - The Cherubim Music Trust

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Trustees Annual Statement

16/02/2026

The Cherubim Trust continued to raise funds and acquire musical instruments for loan to students. It presented a number of musical events during the year, and expanded its social media coverage.

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 2025, which are out on the attached pages.

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Respective Responsibilities of Trustees and Examiner

The Charity’s Trustees are responsible for the preparation 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:

e Examine the accounts (under section 145 of The Charities Act), e To follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(B) of The Charities Act, and
e To state whether particular matters have come to our attention.

Basis of Independent Examiner's Report

Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a true and fair view and the report is limited to those matters set out in the statement below.

Independent Examiner's Statement

In connection with our examination, no matter has come to our attention:

(1) which gives us reasonable cause to believe that in any material respect the requirements:
e To keep accounting records in accordance with section 130 of The Charities Act
¢ To prepare accounts which accord with the accounting records and comply with the account requirements of The Charities Act have not been met
(2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
&, FCA Pryor, Begent, Fry & Co CHARTERED ACCOUNTANT

97 Meneage Street, Helston, Cornwall,

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THE CHERUBIM MUSIC TRUST INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JULY 2025

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|||||| |---|---|---|---|---| |2025|2024| |£|£|£|£| |INCOME| |Donations and sponsors|81750|171500| |Subscriptions|2838|3797| |Interest|6643|1802| |Gift Aid|10077|81| |Concerts/Events|10310|8084| |Instrument insurance Awardee Payments|3414|4758| |Instrument|Rental|Charges|15349|7132| |Instruments Sold|2338|4085| |Less:|132719|201239| |EXPENDITURE| |Sales| |and Marketing| |Instrument maintenance|4074|4336| |Website & promo|5926|4465| |Transportation|1824|1085| |School|Workshops/Facilities|4983|1086| |General|Expenses|4656|4052| |Concert|promotion|1937|.|713| |Concert fees|11404|4475| |34804|20212| |ADMINISTRATION| |Salaries|and|fees|41653|35708| |Instrument|insurance|4191|3652| |Management Expenses|1922|1715| |Bank charges|79|___168| |47845|82649|41243|61455| |NET SURPLUS|FOR THE YEAR|50070|139784|

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We have completed the above Income and Expenditure Account without carrying out an audit
from the books, vouchers, information and explanations supplied to® Regentinty&
10th October 2025 ae ot lake.
97 Meneage Street, Helston, Cornwall CHARTERED ACCOUNTANTS
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BALANCETHECHERUBIMSHEET ASMUSICAT 31 TRUSTJULY 2025

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£ 2025 £ £ 2024 £
FIXED ASSETS (Note 1)
Instruments at cost brought forward 321983 291029
Additions at cost and valuation during year 43483 30954
365466 321983
CURRENT ASSETS
Current Account - Natwest 304 220
Deposit Account - Shawbrook 41715 40000
Deposit Account - CAF Gold 55937 30125
Current Account - CAF 2 2652 13148
Deposit Account - Saffron 88901 85000
Paypal Account 892 457
190401 168950
Current Liabilities
Balance on SaxOphone 0 0
VAT 8 344
Nett Current Assets 190393 168606
555859 __490589
ACCUMULATED FUND
Opening Balance as at 1st August 2024 490589 331805
Instruments gifted 15200 19000
Surplus for the year 50070 139784
555859 490589
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Note 1:

Instruments are entered in the Balance Sheet at purchase price or estimated value if donated. At 31 July 2025 the total insured value of the Trust's instruments was £508900 and the insured value of third party instruments placed with the Trust for loan was £221200