| Pages | |||||
|---|---|---|---|---|---|
| Trustees' | annual report |
1-2 | |||
| Independent examiners |
report | ||||
| Receipts | and payments | account | - Unrestricted | funds | |
| - Endowment | funds | ||||
| Statement | ofassets and | fiabffitles | |||
| Notes to the finandal statements |
| Registration | number | 1090945 | ||||
|---|---|---|---|---|---|---|
| Prlnclpagreglstered | ||||||
| address | Tozers LLP | |||||
| Broadwalk House | ||||||
| Southernhay | West | |||||
| Exeter | ||||||
| EX1 11JA | ||||||
| Board oftrustees | Mr A Miller | |||||
| MrJ Crawley | ||||||
| Mr D Batly | ||||||
| Mr D Chubb | ||||||
| Investment | Managers | Investec | ||||
| 30Gresham | Street | |||||
| London | ||||||
| EC2V 7QN | ||||||
| Hawksmoor | Investment | Management | ||||
| 17 Dix's Field | ||||||
| Exeter | ||||||
| EX1 1QA | ||||||
| Bankers | Tozers LLP dient account | |||||
| Independent | Examiner | J LCoombs | MA(Cantabk | FCA | ||
| Simpkins Edwards |
LLP | |||||
| Chartered Accountants |
||||||
| Michael House | ||||||
| Castle Street | ||||||
| Exeter | ||||||
| EX43LQ |
| 2023 | 2022 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| f 6 |
6 | 6 | ||||||||
| Receipts | ||||||||||
| Dividends and Interest |
General | Fund | 49,559 | 49,567 | ||||||
| received from Investments | ||||||||||
| Attenborough | Fund | 6,968 | 5,477 | |||||||
| Equallsatlon | General | Fund | 33 | 586 | ||||||
| Aitenborough | 236 | 199 | ||||||||
| Fund | ||||||||||
| Interest received | ||||||||||
| Total Receipts | ||||||||||
| 56,836 | 66,829 | |||||||||
| Payments | ||||||||||
| Donations: | General | fund | ||||||||
| Two Moors Festival | 12,000 | 12,000 | ||||||||
| Exeter Cathedral | 5,600 | 5,050 | ||||||||
| School | ||||||||||
| South West Music | School | 5,000 | ||||||||
| Organ lessons | 1,6OO | |||||||||
| Hgl Quartet | 422 | |||||||||
| Whlddon Autumn |
Festival | 5,000 | 3,500 | |||||||
| Budlelgh lllluslc |
Festival | 1,500 | ||||||||
| Exeter College | 20,000 | |||||||||
| Corvus Concert | 1,500 | |||||||||
| StBoniface Choral | Society | 500 | ||||||||
| Dardngton Summer School |
1,000 | |||||||||
| Blackdown EMP |
2,500 | |||||||||
| Music In the castle |
333 | |||||||||
| Devon Baroque | 1,500 | |||||||||
| 56,433 | ||||||||||
| Legal fees | 4,569 | 4,294 | ||||||||
| Porffogo management | fee | 7,646 | 8,947 | |||||||
| Independent Examination |
fee | 1,260 | 1,200 | |||||||
| Website costs | 834 | 720 | ||||||||
| Reimbursement | ofexpenses | 233 | 255 | |||||||
| 14,562 | 15,416 | |||||||||
| Total payments | 70,995 | 38,188 | ||||||||
| Net receipts/(paymentsI | for the year | (14,159) | 17,641 | |||||||
| Balance as at 6 April 2022 | 71,968 | 54,327 | ||||||||
| Balance as at 5April 2023 | 57,809 | 71,968 |
| 2023f | 2022f | ||||
|---|---|---|---|---|---|
| Capital receipts | |||||
| Miscellaneous | receipts | ||||
| Proceeds from sale of investments | 592,519 | 447,484 | |||
| Total receipts | 692,619 | 447,484 | |||
| Other expenditure | |||||
| Payments for Investments |
and other assets | ||||
| Purchase ofshares: |
|||||
| Investec | 604,151 | 360,183 | |||
| Havtksmoor | 50,152 | 32,798 | |||
| Total payments | 654,303 | 392,981 | |||
| Net receipts/(payments) | for | the year | (61,784) | 54,503 | |
| Balance as at 6 | April 2022 | 112,893 | 58,390 | ||
| Balance as at 6 | April 2023 | 61,109 | 112,893 |
| 2023 | 2022 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Monetary assets | |||||||||||
| Tozers Client Account (Unrestncted | Fund) | 81,458 | 95,208 | ||||||||
| Investec Client Account (Endowment | Fund) | 4,667 | 64,610 | ||||||||
| Hawksmoor | Earnings Account (Attenborough |
Fund) | 18,205 | 11,237 | |||||||
| (Unrestricted | fund) | ||||||||||
| Hawksmoor | Dealing Account | (Endowment | Fund) | 4,588 | 13,806 | ||||||
| 108,918 | 184,861 | ||||||||||
| 2023 | 2022 | ||||||||||
| Investment | assets | Cost | Market value | Market value | |||||||
| 6 | 6 | 6 | |||||||||
| Investments | (Endowment | Fund) | |||||||||
| General Fund |
1,600,162 | 1,929,141 | 2,047,403 | ||||||||
| Attenborough | Fund | 253,782 | 259,575 | 280,558 | |||||||
| 1,853,944 | 2,188,716 | 2,327,961 | |||||||||
| 2023 | 2022 | ||||||||||
| 6 | 6 | ||||||||||
| Liabilities —(Unrestricted | Fund) | ||||||||||
| Amounts falling due within |
one year | ||||||||||
| Professional | fees | 1,350 | 1,200 | ||||||||
| Amounts reserved |
for grants | (note | 4) | 24,525 | 34,075 | ||||||
| 25,875 | 35,275 | ||||||||||
| Amounts falling due after one year |
|||||||||||
| Amounts reserved |
for grants | (note | 4) | 5,000 | 13,550 | ||||||
| The financial | statements | were approved | by | the trustees | on | ||||||
| Mr A Miller | Mr 3 | Crawley | |||||||||
| Pi@ |
| Trustee expenses reimbursed for the |
Trustee expenses reimbursed for the |
Trustee expenses reimbursed for the |
year were 6233 | ( | 1 Trustee) ( | 2022;5255). | |||
|---|---|---|---|---|---|---|---|---|---|
| 4. | Amounts reserved for grants |
Due within | 1 | year | Due after | 1 year | |||
| South West Music | School | 11,425 | 5,000 | ||||||
| Exeter Cathedral | School | 4,100 | |||||||
| Topsham Music Festival |
500 | ||||||||
| Exeter Contemporary Sounds |
500 | ||||||||
| Exeter Cathedral | Music | 5,000 | |||||||
| Foundation | |||||||||
| Shaldon Music Festival |
500 | ||||||||
| Dartington Summer School |
2,500 | ||||||||
| 24,525 | 5,000 | ||||||||
| 5. | Analysis offunds |
||||||||
| Unrestrictedf | Endowment | 6 | Total | ||||||
| Investments | 2,188,716 | 2,188,716 | |||||||
| Balances at bank | 99,663 | 9,255 | 108,918 | ||||||
| Net liabilities due | within | 1 year | (25,875) | (25,875) | |||||
| Net liabilities due | aRer 1 | year | (5,000) | (5,000) | |||||
| 68,788 | 2,197,971 | 2,266,759 |