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|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||||||
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|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
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l4cttkac \)'Fet
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ot
mr~rjNCOIIZ IORTIIZ TZARI(txr
910008NNI' lN FLUIDS||||(69,4idj
ada27n
152k!
(Zd,cdrj|t,7fd|(644!f53
f1454773
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f5954tt23|IacDtc
931,5I3
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I)|7,t02, I tdl
Wft333|I.otI
16,2PII|7.03423I
Plt(631|
|TOTALR14DP CARRKO IORWARD||||7.402OI|ZRIte|1415599|Ztccatc|10441|Z0200u|
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|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
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~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|
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|||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|
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||||Uarestrlctad|Restricted|Total Funds|TotalFunds|
|---|---|---|---|---|---|---|
||||Fb ada|Fends|2022|2021|
|lnconM|fiom|invcstmcnts|290?425|||2 6|
||||202,425|||205,874|
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|||||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|
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|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|
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||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|
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|||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|
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