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|Advisors
and administrative
details|
|---|
|Trustees'
annual report|
|Trustees'
statement ofrespohsihilities|
|independent
auditor's
report tothe members|
|Statement offmanciat
activitiee|
|(Incorporating
tile inpome and expenditure. account)|
|Balance sheet|
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|ADVISORS AND ADIIIItIISTRATI|VE DETAI 8|VE DETAI 8||
|---|---|---|---|
|REGISTERED CHARITY NAME|Universal
Music UK Sound||Foundatibn|
|CHARITY NVMBER|1104027|||
|COMPANY REGISTRATION WVMBER|06062390'|||
|REGISTERED OFFICE|4Pencras Square|||
||London|||
||N.1C4AG|||
|TRVSTEES|Laora Arcwolo|||
||Charles Ashcrott|||
||Adam Barker (Chair)|||
||YolanDa Brown OBE(appointed 3 August 2023)|||
||Raut Gambaccini|||
||Keith.Harris OBE|||
||JoBibbitt.|||
||LealieBill|||
||David Hughes MBE|||
||Rupert Perry CBE(resigned||10October 2023)|
||Tony Wadswotth|CBE||
|AVDITOR|Cooper Fany Group Limited|||
||Storey at 1FA|||
||1 Finsbury Ave|||
||Broadgate|||
||EC2M2PF|||
||Barctays Bank pic|||
||75Kings Street|||
||Hammersmith|||
||London|||
||W6 9HY|||
|SOLICITORS|BDP Pitmans Ll.P|||
||One Berth o!omew|Ciuse||
||London|||
||EC1A 7BL|||
|INVESTMENT MANAGERS|Evelyn Partners|||
||45 Gresham Street|||
||'London|||
||ECZV 7BG|||
||Rathbone tarothers|Pto||
||8Finsbury
Circus|||
||London|||
||EC2M 7AZ|||
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||||Unrestricted
Fund|Restricted
Fund|Tetal
Funds|Unrestdcted
Fund|Restricted
Fund|Total Funds|
|---|---|---|---|---|---|---|---|---|
||||2023|2023|2023|2022|2022|202?'|
|||NOTE||||||6|
|INCOME|||||||||
|Donatiens||2|195.460|30,000|225360|212,560|2,079|2 1.4,639|
|Investments||3|197,938||19'/.938|202,425||202,425|
|TOTAL DSCOMK|||'393,398|30,000*|423498|414,984|2,079|'117,064|
|DEPEND ITURE|||||||||
|investment
management|coata||(54,344)||(54344)|(60,810)|-|(60/110)|
|Charitable
aetiv'ities|||(693,820)|(5,018)|(698,838)|(635,378)|(316)|(635,694)|
|TOTAL EXPENDITURE|||(748,164)|(5,018)|(753,182}|(696,188}|(316)|(696,$04)|
|ET(KEPENDITURE)/ VICOME|||||||||
|EEFDRE1NVESTMENT DA1N/8|||(354,766)|24,982|(329,784}|(281.204)|1,763|(279,440)|
|Reaiued (losses)/gsins|an disposal of||(56,S29)||(56829)|(69,41!5)||{69„485)|
|investmenls|||||||||
|Umest Ised (losses)/gsins|on investments'||.(85385)||(8&85)|(246277)||(246.3771|
|Nct (losses)/gsins
on invcstmcnts|||O42,714)||(142,'714)|(315,862)||(315,862)|
|NET (EXPENDITURE)l INCOhl EFOR|||||||||
|THE TEAR/IVKTMOVERIENTIN|||||||||
|FtlNDS|||(497,480)|24R82|(472,498)|(597,066}|1763|(59$,302)|
|RECONCHJAT!ON|OF FUNDS||||||||
|Total funds brendt
fora'ard|||7,405,45$|?Q 104|7/126 569|8,002,521|18,341|8,020,861|
|Nct mcvcibcnt in (ands|||'(497,480)|24,982|(472,49S)|(597,066)|1.763|(595,301)|
|TOTAL Fl/14DS CARRIED FORVVARD|||6,907,975|45,0S6|6,953,061|7,405,455|20,104|7,42$,559|
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|||||Unrestricted
Fund|Restneled
Fund|Total
Funds|Unrestricted
Fund|Reshicted
Fund|Total Funds|
|---|---|---|---|---|---|---|---|---|---|
|||||2023|2D23|2023|2022|2022||
||||NOTE|||||||
|FIRERASSETS||||||||||
|Investments|in subsidiaries|||||I|||I|
|Other investments|||10|6,933;125||6433,125|.'I,418C05||7,418805|
|||||6,933,126||6,933,126|7,418,906||7,418,906|
|CURRKIIT|ASSETS|||||||||
|Debtors|||Lb|222||222|222|(0)|222|
|Cash at bank||||8,355|45,086|53,441|5,864|20,353|26,"17|
|||||8,577|45,086|53,663|6„086|20,352|26,438|
|CREBITORS: amounts||fallingduervilhin||||||||
|ene yeas"|||12|(33;728)||(33,728)|(19'537)|(248)|(19785)|
|NKT CURRENT ASSETS/(LIABILITIES)||||(25,1517|45,086,|19935|{13,451)|20.104|6,653|
|ItKT ASSETS||||e,9D7,975|45,086|6$953,061|7,405,455|20,104|7425,s59|
|Ftliung||||||||||
|Uuresuicted|||13|6,907,975|-|6,907,975|7.405,455|-|7,405,455|
|Restricted|||13||45,086|45,086|-|20,104|20,104|
|TOTAL FUIRBS||||6,907.975|45,086|6,953,061|7,405,455|'20.104|7,425,559|
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||||||||
|---|---|---|---|---|---|---|
|.|DONATIONS||||||
||||Unrestricted|Restricted|Total Funds|Total Funds|
||||Funds|Funds|2023|2022|
|Donations||received|10,000|30,000|40,000|12,079|
|Donated.||services and facilities|185,460||185,46(l|202,560|
||||195„460|30,000|225,460|214,639|
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||||Unrestricted|Restricted|Total Funds|Total Funds|
|---|---|---|---|---|---|---|
||||Funds|Furltls|2023|2022|
||||f,|||5|
|Income|from|investments|197,938||197,938|202,425|
##
|rant expenditure
is in furtherance|ofthe Charity's objecti|ves.|||||
|---|---|---|---|---|---|---|
||V» aeeriatad|n|t ieted|Toe iF|d|Total rued|
||Funds||Funds|2023||2022.|
||f|||||f|
|Donations to schools|233,391|||233e391||165,077|
|Donations to individuals|93f220|||93,226||108,559|
|Blirssfles|65,000||5,000|70,000||65,000|
|SchOO(S PrOje~t|112,847|||II2e847||83,727|
|Other|||18|18||'r49|
|Grant expenditure|504,458||5,018|509,476||'422,612|
|Support costs (note 6)|170,460|||170,460||182,560|
|Governance
costs (note 5)|18,902|||18,902||30,522|
||693,820||5,018|698,838||635,694|
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|hiouement
in market val|ue|oflist|ed mvestm'ant|s|||||
|---|---|---|---|---|---|---|---|---|
|||||||2023|2022||
|Market value at 1 August||||||6&910,270|7,857,718||
|Acquisitions
at cost||||||2,262,506|740,952||
|Disposals atmarket value||||||.(2+34&905)|(1,372,538)||
|Net (losses)/gains
on revaluations'|||in the year|||(142,'714)|(315,862)||
|iviarket value at313uly||||||6&795357|6,910,270||
|Historicai cost at 31luly||||||5,951,318|5,776,447||
|Anstysis ofinvestments|asst31duty between|||funds|||||
|||||||Total Funds|Total Funds||
|||||||2023|2022||
|Listed investmeats|||||||||
|UK Quhted entitics||||||1,8562193|2,162,055||
|Non-(/K t)noted entities||||||3484,834|3,404,101||
|UKfixed interest||||||67,790|99,518||
|Non-UK fixed interest||||||90,256|92,790||
|UK —other investments||||||707,614|588&356||
|Non-UK- other investments||||||687,,770|563,450||
|||||||6,795,157|6,910,270||
|Other investmeuts|||||||||
|UK Cash held as part ofPortfotib||||||137&968|508;635||
|||||||6&933&125|7,418;905||
|11. DEBTORSi Amounts||falling due within||one year|||||
||||Unrestricted||Restricted|Total Funds|Total Funds||
|||||Funds|Funds|2023|2022||
|||||5|5|5|f||
|Amounts, oived by group undertakings||||222||222|222||
|Accrued donation income|||||||(0)||
|||||222|||221||
|||||||||20|
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