| CONTENTS | PAGES | |
|---|---|---|
| Advisors and administrative detals |
||
| Trustees' annual report |
2to 11 | |
| Trustees' statement ofresponsibilities |
12 | |
| Independent auditor's report to the members |
13to 16 | |
| Statement offinancial activities |
17 | |
| (Incorporating the income and expenditure |
account) | |
| Balance sheet | ||
| Notes to the financial statements | 1ato26 |
| ADVISORS AND ADI((IINISTRAT | IVE DETAILS | |||||
|---|---|---|---|---|---|---|
| REGISTERED CHARITY NAIIIIE | Universal Music |
UK | Sound | Foundadon | ||
| CHARITY NUAIIBER | 1104027 | |||||
| COMPANY REGISTRATION NUMBER | 05062390registered | In England | end Wales | |||
| REGISTERED OFFICE | 4 Pancras Square | |||||
| London | ||||||
| N1C4AG | ||||||
| TRUSTEES | Laura Arowolo | |||||
| Charles Ashcroft | ||||||
| Adam Barker (Chair) | ||||||
| Jim Beach (resigned | 24 January | 2022) | ||||
| Paul Gambacctnl | ||||||
| Keith I-lams OBE | ||||||
| Jo Hibbitt | ||||||
| Leslle Hill |
||||||
| David Hughes MBE | ||||||
| Rupert Perry CBE | ||||||
| Tony Wadsworth | CBE | |||||
| AUDITOR | Deloitte LLP | |||||
| 3 Rlvergete | ||||||
| Temple Quay | ||||||
| Bristol BS16GD | ||||||
| BANKERS | Barciays Bank pic | |||||
| 75 Kings Street | ||||||
| Hammersmith | ||||||
| London | ||||||
| W6 9HY | ||||||
| SOUCITORS | BDP Pitmans LLP |
|||||
| One Bartholomew | Close | |||||
| London | ||||||
| EC1A7BL | ||||||
| INVESTMENT MANAGERS | Evelyn Paltnera | (preVicualy | Smith &Vtlllltamecn) | |||
| 45 Gresham Street |
||||||
| London | ||||||
| ECZV 7BG | ||||||
| Rathbone Brothers |
Pic | |||||
| 8 Finsbury Circus |
||||||
| London | ||||||
| EC2M 7AZ |
| YEAR ENDED | 31 J | U | LY 2022 | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Rc tdctcd | 2ke f lclc4 |
Ittttn ted tk 4 |
Teda W | ||||||
| 2011 | 1021 | i!f11 | 2011 | ||||||
| 2 | II | 8 | 2 | 6 | |||||
| 04CORZFROII Do are I R etecok TttTAL INCOkls ION |
41499C | ct4439 ~0 ~437 4 |
IP9%0 | 15783 | NF,~I0 305576 4!5666 |
||||
| el2'0NDnnlls ON |
|||||||||
| Ia cakokdojtot009 Ckl 't al ~had |
tc f't6 | (60,830) ~o5 |
~336 | (604303 ~94 |
( F,I5t) ~434In |
513 | I92,137) ~433740 |
||
| TOTAI IBFINDRLRZ | ~(FII(388 | O36) | (6904co) | f493,410) | |||||
| (OCFORDITRO IINCIOIZ CADIA |
DOOkFhvtscat@rT | 0DI204) | Q79440) | O3204) | IOAI I) | ||||
| Z~g)'869MCI et k ~cd(Lccac)(la coa oocee 0 l4cttkac )'Fet t 49 ot mr~rjNCOIIZ IORTIIZ TZARI(txr 910008NNI' lN FLUIDS |
(69,4idj ada27n 152k! (Zd,cdrj |
t,7fd | (644!f53 f1454773 OI5443) f5954tt23 |
IacDtc 931,5I3 Itl715D «a!333 |
IttTN | IcI~ ox543 9964ll |
|||
| RFCCcNCS2AT03N 0FFntae Toklfeek oeetktl~ NltA~t Aedc |
1,00L21 (597,06tj |
l,ad | l4030sdt I) |
7,t02, I tdl Wft333 |
I.otI 16,2PII |
7.03423I Plt(631 |
|||
| TOTALR14DP CARRKO IORWARD | 7.402OI | ZRIte | 1415599 | Ztccatc | 10441 | Z0200u |
| 31 JULY 20 | 22 | |||||||
|---|---|---|---|---|---|---|---|---|
| Iueutcd 6 F~ |
EO cohnhd F d |
ace dated F~ |
||||||
| 2tl22 | 2D22 | 021 | XIII | ml | ||||
| 8 | 8 | |||||||
| Inm) ASSEIS | ||||||||
| bl c51ttc le |
a sebi ldledcl | 9 | 1 | I | ||||
| Abec stccsittdcu | 10 | 74ui905 741@%6 |
~72 I)S ~728 |
ttcu 378 | 8%8377 | |||
| ctslat)4 TAssErs | ||||||||
| neb tsee Ouh etboob |
11 | n- 5864 ~886 |
tbl 0353 "0352 |
222 ~26 I ~26 |
~020 | 12,3tl9 8 380 |
I3431 | |
| Camrmas:moeete | el)us deoedal ~ | 12 | i)9S)7) | tsat) | t)9,785) | 851.)80) | ta 3a) | 153,457) |
| NsrcbaaacTASSEIS | ItlAASILllaa) | ~tl 3sasl | DD ID4 | 18341 | ~76 | |||
| 148TASSEIS | ~7, 455 |
20.101 | 742M59 | aol2,521 | 18,341 | S,020m0 | ||
| 13 | 7,46,455 | 7405cccs | ||||||
| 13 | ~74I5dn | 0,101 ~a) Itu |
2tbl Dd ~79459 |
18,341 18541 |
18941 S0208tu |
| Unrestricted | Restricted | Total Funds | Total I'unds | ||
|---|---|---|---|---|---|
| Fnads | Fuarb | 2022 | 2021 | ||
| f | |||||
| Donations Donated |
received services and facrfities |
10,000 | 2,079 | 129079 ~266 |
25,785 184,025 |
| 2125(10 | 2.699 | 699 | 209,810 |
| Uarestrlctad | Restricted | Total Funds | TotalFunds | |||
|---|---|---|---|---|---|---|
| Fb ada | Fends | 2022 | 2021 | |||
| lnconM | fiom | invcstmcnts | 290?425 | 2 6 | ||
| 202,425 | 205,874 |
| Unrestricted | Restricted | Total Ftmds | Total Funds | ||||
|---|---|---|---|---|---|---|---|
| Funds | Funds | 2022 | 2021 | ||||
| 0 | 8 | ||||||
| Legal | fees | 3,780 | 3,780 | 1,683 | |||
| Audit | kes | 20,000 | 20,000 | 16,000 | |||
| Other | costs | 6,673 | 68 | 6743 | |||
| Total | 30,453 | 30,521 | 19,907 | ||||
| 5. | SUPPORT | COSTS | |||||
| 2022 | 2021 | ||||||
| f. | |||||||
| Management | cad | administration | 362560 | 168.025 |
| Grant expe | nditore is |
in iiuthcrance | ofthc Charity's ob |
jectives. | ||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Total Funds | |||
| Funds | Fun2b | 2022 | 2021 | |||
| 5 | 8 | 6 | ||||
| Donations | to schools | 165,077 | 1653177 | 63~ | ||
| Donations | tc individuah | 108,559 | 106459 | 55,195 | ||
| Bursarics | 65,000 | 65,000 | 65,000 | |||
| lastitute ofFducation | Bu2saltes | 1&539 | ||||
| Schools Project | 83,77.7 | 46368 | ||||
| Orh673 | 240 | |||||
| Cruet expenditure | 422,364 | 4224312 | 245.808 | |||
| Support costs (b)otc 5) Governance costs (Note 4) |
1&2,560 34434 |
68 | 182W0 ~30 22 |
168,025 19,907 |
||
| 635378 | 316 | 635,694 | 433,740 |
| Analysis ofinvest | ments | a | s at31 J | uly hetvveen funds |
||||
|---|---|---|---|---|---|---|---|---|
| Total Fuads | TotalFunds | |||||||
| 2022 | 2021 | |||||||
| Usted investments | ||||||||
| UK Quoted equities | 2,162,055 | 2,665,781 | ||||||
| Non-UK Quoted | equities | 3,404301 | 3,916,298 | |||||
| UKfond interest | 99,518 | 137,624 | ||||||
| Non-UK Ssed interest | 92,790 | 91,773 | ||||||
| UK - other invas | truants | 588356 | 450,798 | |||||
| Non-UK - other investments | 563,450 | 595,444 | ||||||
| 6,910370 | 7,857,718 | |||||||
| Other investments | ||||||||
| UKChsh held as | part | ofportfolio | 508,635 | 190,659 | ||||
| 7,418,905 | ||||||||
| 11. | DEBTORS:Amounts | falling due | within one year | |||||
| tlnrcstricrcd | Restricted | Teug Funds | Total Funds | |||||
| Funds | Fueih | 2022 | 2021 | |||||
| f | ||||||||
| Amounts oved by group |
undeitat333gs | 222 | 223 | |||||
| Accrued donation incoine |
||||||||
| (0) | 222 | 12,532 | ||||||
| 12. | CRED1TORS: Amounts | falling, due within oae year | ||||||
| Uarestrtcted | Restricted | Total Feeds | Total Funds | |||||
| Funds | Funds | 2022 | 2021 | |||||
| f, | ||||||||
| Graat Caanidtmcnts | ||||||||
| Brought fonvard | 46219 | 46,219 | 127,712 | |||||
| Grants approved | 502,654 | 102,654 | 306,580 | |||||
| c)3333tv paid Grants unclahred/csncetkd |
(455+37) ~73.391 |
(45spsv) ~73899) |
(326469) ~(6LIM |
|||||
| Canlcd fovvvsrd | 19,537 | 19,537 | 46,219 | |||||
| Accruals | ||||||||
| Deferred Donation Inconn | ||||||||
| 9137 | 9 33 | 33437 |
| BQlauce ett ~I (A ~ t 2020 |
'roun t cww | uatmce as at 31delrstlg( |
||||
|---|---|---|---|---|---|---|
| Itntestn ted Funds Fcetdcted Fends |
7,072, 158 2 043 |
399,901 ~157' |
(493,410) 513 |
1,073542 | 8,00252( 18341 |
|
| Tout Funds | ~jtu4. 731 | 415.686 | 4'l2, | 1,0734(2 | sa20,062 | |
| Btdancc as u | Total | Otdas sall | Be)ause as et | |||
| I AuguSt IIIII |
Szpstaanuo | (esses | 31dutr2022 | |||
| uetestdcted | Fuods | 8,002,521 | 414,984 | (ats,lot) | (315au) | 7c)054(53 |
| scott'ened Funds |
20 lot | |||||
| Total Feeds | ~020 562 | 4170(0 | ~696 | ~315862 | ~725 559 |