Registered charity number 1116635 l Fagiolini Charitable Trust Report and Unaudited Accounts 31 August 2025
l Fagiolinl Charitablo Trust Report and accounts Contents Page Cornpany inlormatson TnJ5tees' 18port Independent exaTniners' report Statement of financial activitses Balance sheet 10 Notes to the accounts 11
l Fagio1Sni Charitabl• Trust Company Informatlon Tru8t•è8 Kieran Coopor ICh8irm8nl Claire Pelly Iseeretaryl Simon Trist (Treasurer) John Macgrogor Judith Nash Ollver Piper Sam Price Bridget Ros8wg11 Naorni Taylor Catherin8 Dun¢on (appoinled 21/05r2S) Indop8nd•nt Examln•r Cathenne A William5 Ltd The Old 8ank Beaufort Street Crid(howell Poys NP8 1AD Charlty'i prlnclpal iddro1• Limes Court Silvèr Street Stansied Es8ex CM24 811E R•ql•t•r•d ¢harhy numbor 1116635
l Fagiollni Charitable Trust Règlstèrèd eharlty numb•r: Trustee5' Report 1116635 The trustees present their pOrt together the extemally examined financial 5tatern8nt5 for the year ended 31 August 2025. The finanaal statements comply with current statutory quIreMeThts and wth the requirements of the charity's governing document. The referen and administration details shown on the preceding page forrn part of this report. Structure, governance and management l Fagiolini Is an unincorporated ch8rity, registered with the Ch8fity Commissioners under registered nvrnber 1116635. It was registered as a charity on 3rd November 20[ and is governed by a ¢nJst detd dated 8th August 2006. The Tfustee5 who Served the charity during the pericKI were a$ follows.. "eran Cooper (Chairman) Claire Pelly Isecretsryl Simon Trist (Treasurer) John Macgregor Judith Nash Oliver Piper Sam Price Bridget R05ewell Naorni T8yIoT Catherine Ouncan I new Trustees are recrubtsd on the reoornrnendth.on of organisabons and peopk wilh whom the charity works, or by exi5ty.ng Tru5t£es. They are given induction information and ofted appropriate trainin9 in order to fulfil their ro, The Trustees have met in the year and have a150 had many conversats.ons by phone and email. M•mbernhlp Members of the public who mak8 an annual donation to ttte Trust tecDme Friends or Patrons of I Fagiolini. A higher level ol membership, known as"Faba81ous for people commrth'ng to give at loast £1,000 per year, is also available. Publlc 8enefit The purpose of the Trust falls wthin the desviptions Df purposes in the Charities Act 2011 for". 81 The advancement of tre arts, culturg, heritage or Saen bl The adv•nme[rt ol education The oty.ect of the Trust, set out in the gov8ming document. is to advance the education of the public in the appreciation of music.. In paiicular Music for choru5, vocal Consort or solo vol5 in all its aspects. and to further the development of the public appreciatson and taste in the said arts. The Trust achieves this by giwThJ grants to rErfomier5 and cornposars to enable the production of unique, invenb.ve and educative live p8rfomiances. reeoTdings and videos of music lor voice.
l Faglollnl Charltablo Tru¥t Registered charity nUmr. Trustees, Report 1116635 The Trust has now 89r88d to pay the fees of l Fagiolini singers when indisposed through illness. In the freelan worfd this is 6xtremely unusual but we want to set a best practice lor others to follow and not make singers suffer financially wh6n they ara suffering physically, as in any oth&rjob. When making grants. the Trustees ol the charity have du8 regard both to the objectives ofthe charity. as set out above, anij a150 to the guidance on public benefit published by the Charity Comm15sion. The Trustees consider the following benefrts when evaluating requests for grants.. 1 Enabiing high-quality performan$ that would not othen¥ise be comrnercially wable. induding involving addit50nal Instrurnentsl for$ and c"ve media, a5 well as allowing an increased level of r8h8ars81 Keeping imFK)rt8llt histgrical repertoire alive, along Wlth its contemporary performancè practice 3 Cornmissioning new wo8 to add to the repertoire 4 Bringing mu51C to new audiences 5 Supporting the educats'on and developrnent ol young singers by &nabling Opportunities to parthpate in wortfshops 8nd perfomiances 6 Encouraging public parts"cipab"on in singing. Bigger projects are con51dered at rneetings of the Trustees. Authority to make grants for projects 15 not normally given at th8se rneelings, bul may be agreed in principle. All qUsts for grants are submitted by ernail to the Trustoes, who consider whether th8y meet the 0.ectIveS ol the charity and whether they are 8ffordable within the available resources. The Truste85 vote by email whether to approve or r8ject the grant r8ques( and If a majority tsf Trustees vote in favour, the grant is paid. The Public receive thesa bgnefits by being able to experience Fxrformances funded by the Trust in person at venues acrDSS the UK and abroad, through broadcasts on national radio, as well as online. The support of th8 Trust allows some ol th8 content to be provided to audiences tree of ¢harge. Oblo¢ts and actlvltl•8 The Trust's focus is primarily as the FrndS organisats'on of th8 professional vocal group .1 Fagiolini.. l Fagiolini is a British solo-volce ensemble directed by Robert Hollingworth founded in 1986. Its core repertoire is R8naissanc8, Baroque and contemporary solo-voice ènsemble r8pertoire. It has always pioneered infiovative staged presentsb'ons of this repertoire, l Fagiolini's performances of early rnusic are historically informed but at the Same time aim to bring the spirrt of the music to lif8 for new, non-specialist au(liences. Friends and Patrons join to be kept in touch wth what l Fagiolini do, to support their work and to have acce5S to selected professional rehears815 to meet the perfomers and gain an insight into what Is Involved in bringing a Musical work to a high perfomiing stsndard.
l Fagiolini Charitable Trust Register8d charity numb8r: Trustees, Report 1116635 The funds raised trorn subscripb.ons and donations trom Friends, Patrons, and other sources are used in futhering our purpose to èducate the public in vocal music by giving grants to l Fagiolini Projects Ltd and other bodies to support and enable the production of inspiring perfomiances of arb'stic merrt. The Trust also sponsors occasional wothshops for members ol the public to partiupate in performan$ ol vocal and choral music, helping them to 8xpgri8ncg the $8tisfathon of leaming, rehearsing and performing rnusic to a high stsndard. From tirne to time receive requests from other groups. and we airn to provide supportto prq'ects when the qUestS are eonsistenl wth the aiTns and g081s of the Trust and WÈ have the resources availalle. Achievomgnts and Perfonnance This yeaf saw the release of the second recording in the Benevoli $8ri88, faatunng his Missa Benevola, along wth pertormances of Benevoli In St Martins in the Fields, London. St George, Bristol linvolving Bristol University Singers) and at Stour Music festival as well as workshop run on the work by Robert Hollingworth. The third disc In the series. induding pertoIre for Pentecos( was recorded in July arKI will be rtsleased in Apri5 2026. A suc$$(U1 Friends weekend was run by the Trust at Hawkwood College. Stroud, the members of the l Fagiolini Friends We able to rehearse and perform Benevoli and 81s0 Works by Joanna Marsh. A Friends Oay wa¥ also held in Lon¢Jon which fe8turad l Fagiolini perfo1n9 the Vidoria Requiem, singing wotkshop led by Robert Hoilingworth. and the London d8bLrt of The Lyons Mouth. The Trust continued to support creation of more episodes of tre podcast Choral Chihuahua which are reaching 3000 listens a Tnonth. Th8 Trust has conb.nued to support the develolxnent of The Lyons Mouth, a group of former University of York students. enabling them to attend an audition in G8rrnany and tske p8rt in the Utrecht Earty Music Festival. Details ol all the projects the Trust has 5UPPOrted are detailed in Appendix A below. Flnanclal Rgvlew The Trust had totsl income, including tsx recoverable under the Gift Aid Don8ts"ons scheme. of £260,29812024.. E189,6221. This sum was raised trom subscribing Patrons and Friends, as well 89 non-mernb8r donors. including a gener81 donation of £125,000 from an Individual donoT, £33,271 raised for the MonteveFdi 1610 recording. £20.092 raised for the 8enevoli 00rdIng project, and £6.250 from a single donor for Choral Chihuahua. The Trust also received a grant of £7,270 from St Georgos Bristd and £2,339 from the Voces8 Foulldation.
l Fagiollnl Charitabl8 Trust Registernd charty number: Trustees. Report 1116635 The Trust made total grants 01 £123,57512024." £185,299). £105,60512024.' £174,912) was granted to l Fagiolini and £17.97012024.. £10.3881 was granted to other bodies to support projects as detailed in Appendix A below. No other requests were received. Other expenses included £2,222 of concert Costs. £1.95412024.. £2,961) ol publiaty expenses., and £2.691 of adrninistrative ¢¢)sts and bank th8rg85. The Trusttherefore ended the arWith reserves of £221,06212024'. £91,206), ofwhich £ 37.974 12024.. £ Nil) are restricted fvnds. Invtstment policy The Trust does not own any property or Inv85tmentS. as the majority of its funds need to be kept liquid to rn88t its ongoing obligations. The majority of the Tru5t'5 funds are held with CAF Bank, together wth a smaller balance at TSB, Princ8s Risborough, Buckinghamshira. Re•er¥e8 The trustees believe that the charity's assets are available and adequate to fulfil the obligats.ong of the charity as a whole. Rlsk Management The thanty trustses have given consideratyon to the major risks to whith th8 charity is exposèd and satisfied themselves that system5 or prOureS are eslab115hed in Order to manage those risks. As a grant-giwng body. the Trust only allocates funds that are already In hand. The Trust continues to have a steady stream of income, and a steady pipeline of new cre8ts"vÈ projects to support, $0 the Trustees have no doubts about tre continuation of IFCT as a going Con for at least twelve rnonths from the date of Signing this report, Plans for the Futur• The Trust expects to continue to raceive a liable 8ubscripts.on incorne from Friends and P8trons in the cotning year and will continue to raise rnore funds through donations towards Bpecific projects. The Trust has aged to SUPPOrt the following project5 in 2025-26". £70,000- Monteverdi 1610 Vespers recording £7.000- ChristTn2s cOnrt in Wiltshire and n98 Place £6.000- Mont8ver(li Ve5p8rs 1610 concert in Lon¢Jon £4.000- Monteverdi Vespers 1610 concert in Salisbury £3,000- Wi¢ton¥ concert in King5 Place £1.900- Anniversary concert in York £1,000- David Munrow concert in C8rnbridge- now not happening. In addition the Trust expects requests for further episodes ol Choral Chihuahua and support with ongoing administrative eypen5e5.
l Fagiolinl Charitable Trust R•glster•d charlty numbgr: Trusts•$' Roport 1116635 St•t•m•nt of Tru8toè8' r•spon¥lbllltl•• Thè Tru5tee5 are responsible for preparing the Annual Report and the fi'nancial ststements in accordanc& with app11c8ble 18w and for being satisfied that the financial st8tements give g true end fair view. The Trustees are also r88pon8lble for preparing the financial statements in accord8nc8 th UK Accounting Standards. Th• Trustèès are ro¥ponsible for keeping adequate accounting racordj IhBt show and exp¢ain the charty'j transactions and disclosa wth rn8S9nable accuracy ot any tr'me the fin8ncial p081tion ol th8 charity. The trustees are responsible lor s8feguardlng the charrtls assets and taking reasonable stap8 to prevent and detect freud and other irre9uIAritl•9. This report was approved by the boArd on 19fl.! ll025 8nd slgnsd on It8 b$h81f. Ki*rgn Coop¥r Ch8ir of the Tru8t8es
l Fagiolini Charltable Trust R8glsterod charY number: Truste•s' Roport 1116635 Appendlx A During th¥ year, the Tnjit 8UPPOrt•d the following prq'8ets'. IFP £73,092- Third recording in • 8erig$ of mull'choir rnasse8 by Roman rnid-17th eentury master, Orazio Benevoli, £g.000- Three concerts for the Larnmermuir1ostlV81 including Dldo & Aeneas, Monteverdi. and We're Not Dead Yel. £7,106- 20 episodes of th¥ Chorgl ChlhuBhu8 podcast hoBted by Robert Holllngworth, Eamonn Dou9an and Nicholas Mulroy. £3,500- Friends Day at St John'g, WatgAoo including l Fagiolini p*rfoming Victoria Requiem, a Choral workshop for Friends and members of th8 publi¢, and a concart by Lyon8 Mouth £2,800- Regular conlributs'on to adrninistrative 8xpens8S £2,500- Editing ol four Joann8 Marsh film8 01 perforynanc88 by l Faglolini and Th6 Lyon9 Mouth £1,535- Two perfom18nc•s of Ba¢h'8 8 Minor rna8S Put on Th6 24 and $oloi8ts fr¢)rn I Fagiolinl for York Concgrts and Manchgsler Baroque. £1,299-Various'. rècording producer att8nd8nce at rehearsal d8y, 8ubtiUing for Joanno Marsh films. entrance fees for Lyons Mouth for cornpetits'on £1,000- Experimenting wth Spatial Audio versions lor the Benevoli recording5. £1,000- Cowr VAT deducted lor a ¢oncert given In 2022 which l Fagiollni were unAbl• to redaim frorn the German government £920- Ro¢ording equipment t¢ provido hlgh quality contonl for Bocial rnodla and l Faglollni'8 online pw&&nc• £753- Cov•rinG shortf811 for VIoria Reqularn ¢oncert8 in th• C&nar8 £750- Website d8v8lopmenl £350- Contribution towards trav81 and time lor a rneeting Amy Bebbington lo diBUC99 8 Chcral Conducting MA at York 9ft6r the Birmingham MA closed down. £5.340- Lyons Mouth. Supporting reh&ar8als and sound Tecording for a n•w group ol èx- York students ca118d The Lyons Mouth. £4,668- Lyons Mouth- Friends Day concert £2,000- Lyons Mauth attandance al 8 live audition in Germany £3,217- Lyons Mouth- lo partiClP818 in Utrecht E8rfy Music Fo8tival £1,945- Adgm Hilton edlling and setting up a template for previously made SingThoScortr •pisodes to creats the Just The SCO videos Ithe seore from SingTheScore pluB a liwe trai18r 8dded at the enij which points people to the original whole 6pi#odel £800- Bheka Dlamini- lo cover usè of his muslc In concerts not cover8d by PRS
l Faglollnl Charltablè Trust Ind•pond•nt gx4mlngr•' roport to the board of tru•t8os on the preparotlon ol tho unaudlted ccount$ ol l Faglollnl Chatabl& Trust forthe y?ar ¢nded 31 Augu•t 2025 We report on the examinats.on of the accountB of l Fagiolini Charitable Trust for the yaar ended 31 August 2025 which ore set out on pages 1 to 11. Re•ptI¥0 rn•pon8lbll1tl oltruoioe• •nd •¥amln•r The Charity's twstees are responsible for the preparats.on ol the aceounts. Th• Ch8llty's trustees consid&r that an audit 13 not required lor this ya8f (under $gction 144121 of the Charitie5 Act 2011 Ith8 2011 Act) and that an indONdent gxarnin8tion is needed. It is our responsibllity to., examine the accounts undar sa¢tion 145 of the 2011 Act., - to follow the procedures laicl down In the G¥neral Direct'on$ gIn by the Charity Cornmiy3ion under section 14515llbl of the 2011 Act,'and - to state whether particular matt•rn hav• ¢orne to our attention Bas1• of th• Ind•p•nd•nt •xmln•V• r•port Our examination was carried out in accordancè wrth th8 Gènèral dlreeth.ons glven by the Charlty Commissioners. An exemination indudes a rewew of the accounting record& kept by the chBrity and 9 comparison ol the accounts pres6nt•d with thos8 r&cords. It also inc1ude6 consideration of any unu8Ug1 items or disclosure5 in the account5 and seeking expl8natlons from you a5 trustee5 concerning such matters. The procedures undertaken do not provlde all thè 6vldence that would be required ol an audit, and ¢on$wuènUy I do not èxpress an audit opinion on the vlaw given by th• a¢¢tsunts. Ind•p•nd•nt •x•rnln•r'¥ •i•t•m•nt In the course of our examination, no mattar has come to our attention, IA) which 9ive8 us rèasonable cause to believe that in, any materlal respect. the tru8t••8 h•ve not rnet the quiremnts to ensure that., proper accounllng r•cords are kept in arLordanc• vAth sèth'on 130 of th¢ 2011 Act.. and accounts are prepared which #gr•e vMth the accounting rncord8 and comply wlth the accountlng requirements of the 2011 Aet,. or IBI to which. in my opinion, attention Should bo drawn in ord•r to •nable 8 prop•r understsnding of the accounts to be reatheil, Catherine A Williams Ltd Chartered Accountants The Old Bank Beaufort Street Cnckhowell Powyy NP8 1AD Z.1132025
)0 (ryo 7J 11113 111 (ruo
Faglolini Charltable Tru8t Reglgtered number: Statement of As3et5 and Llabllltles as at 31 August 2025 Total fund8 2026 Total fund• 2024 Nots8 Debtors Cash 8t bank and in hand 35,804 185.948 221,752 8,386 83,040 91,406 Cr•dltorn: amounts falllng due wlthln one ywr 16901 12001 Ntt current ••trt• 221,063 91.208 Totsl ••••ts l••• ¢urr•nt Ilabllltl•8 221,083 91,206 Provl•lon• lor Il•blllll•• Net a•••ts 221,083 91,206 Unrestricted lund8 Reslricled funds 183,089 37,974 91,206 Tot1 fund• 221083 91.206 Th8 trustees are $8tisfied that tho chgrity IB enlwed lo exempllon from the requlramenl to obtain 9n audit under th8 Charlties Ad 2011. The trustees acknovAedge their responsibllille5 for Complying wllh the requlrements of the Charities Act 2011 with resP&Ct to accounllng records and the preparation of accounts. Approved on 1911112025 Kieran Cooper Chair of th• Trustees 10
l Faglollnl Ch4rftsblo Tru•t Notes tothe Accounts lortho year 31 AulluJt 2025 The ¥CnIg have bBen wÈparJS on the bA$49 under the hlsictta ¢ost ¢Ven kt¢ordance th ChlthES SORP IFRS 102)Atn9 ReIng by Cttarrtle& St&ent01Rèc0mthde1 PrnttÈ 4)pllcAblÈ th%rfleg eparin9 ihBr gccatdance ilh Ihe F¢111 Aepthw thv UK ld Flwble Of leffe£bvE l January2018)d uie Chast&A¢i 2UI1. Inc4me from dcMhJng w grnM$ 16 recowlsed then b)we Is ol entsllement to the ghl. recelm * wobth It cAn borneasumd remotty. SMIAld ExpMdituTe li rncognisÉ¢ in the wod iwhK M islnttjred. Cosis aLtiYthe$ ofexpthlur• IdDmir w wdtyormoitryanFknble to Achn9 oflhe Am0$¢d dot4rn&iertuskng tho th1ecie hiernst méth. Llibilllie asic lnrtity recognised nel rl 5B¢be eoth nd wbsequentty meuur4d JDiorSe ¢USt dttermnlld kntertmJd. l of Incom• ZD26 2024 DonaOnI and l•4•d•i'. 248.LI6 8.610 180.183 186 125 FuMrAi$m 2,640 Othwln¢orn•'. 2.274 857 857 Totsi kncarn• 1E9622 3 An111 ot•xp•Thdllur• 202$ 2414 R•l•lw funth". FUnd[Bing 2.961 GrnNts AdMini6triyt C05 ConcertCvs1¥ Baik cfF$ 123,575 822 18S, 1.179 185.003 olhtr•xp•ndJrn'. Indep*idlkn8¢sTe Tot41 •XF•ndl¢ltr• 13ts.442
l Faglojlnl Charftable TnMt Notes to the Accounts forthfr y•arénd•d 31 Augugt 2Q26 4 Ind•p•ndQ •xthln4llon ThÈ kndependertownRIErS'feB¥fDrthelthg 31JtAuwst 202sre£69).CQdmrfrUnp16I qtthe S Dobt¢ 2026 2024 GMAhlDue 3S.804 3S B04 8.366 6 ¢r•Jtorn.' 4rnouniB f•llthg duo wlthln on•y 2028 2024 7 FuThY8 blinc• bmughtforY4rd InBomv Trn¥f•M ¢qth•d fOrAn Urnr4fuTrd• R•Kod Funds 91.2L 192.474 67.825 1irpJ.591} 129.8S1} 130.442 183.OBg 37,974 Ro•irkt•d rund To¢•1 fun Cwrnnl Cwrent liybil8s Nat asyets8yat 31 kl•th 25 183,778 Isy)) 183.oe8 J7,974 221.753 • rbli•d yrtytrnn••clon• No retbed or brfits fr(m the chwtyduthglhe ¢ndlng 31Aut 202S ltyihwi •5 12024.. thll. No expense3 rMrge1 10 aiy iNwee 12024. erdll Tho Tnblg ff3 Is mdnly on thg wark l Fay[1 Prole(as Ud IIFPLI. a Iimfted tompany ol¥%hkh Ilobert HdlingwDth. • fvrThertrLle olihe chthy. 1$ Pandt. TO1 vAe of IFPL prryertB In É10S.60512024. £174,912). 12
l F•glollnl ¢h•rlt•bl• Trusi Dotsiled statomont of financial activlti for th8 yoar 8nd8d 31 August 2026 Thi&sGhedul8 does notfonn partofthe stattorya¢C0Uts unrn•tct R•BtrlGted lun 2026 Total funds 2026 Totsl fund8 2024 2025 Income oon8l16 and ¢.. Grnn15 Received L8r9e DDnabon¥ Don811C8 Refund& FrK•nds sub9crtpbj Patrons Subscnplionl Fabwlc8 SubBU118 Gift Mjd ReStr•- Onlntr Ctsnteni Reslrud- BeM¥oll Rèstrict•d. Ihctonl Re&trithd- Jo M8r8h CO Rastricted. Friends Day Restricied- mon8rd1 1610 9.610 100.orij 2,583 9,610 10D,000 2.583 5.942 80.000 2.544 9.412 22.179 10.280 33.837 9,412 22,179 10,250 33,837 6,703 20,092 12.001 20.891 s.000 28,294 1,299 19,034 6,720 4,500 6,703 20,092 7.759 33.271 67,825 7,769 33,271 255,88 lJ7,871 186,125 Ch4ritgbl• 8ctwiU••'. Fundr8ino 2,329 2,640 0 inL>yna. Inlerell r¥1bk• 2.274 2,274 857 TotAI Incom• 192 474 2eo 299 169622 Exp•ndlturn on.. Raiwng knnd•' Fundr811iw gna t,954 1,954 2.9e1 ch•rib a¢blIes. Grants- Vnr•$inLt•d Grants- neV1 Gran15- Onlim ClteI Gr8nts- Mciona Gr8nis- Jo M8r8h CD GrAnts- Frtontts D miD151rAii¥e Costs Concert C¢918 BAnk charges 3,724 93,724 20.092 163,747 19,034 1,299 6.720 20.092 2,000 7.769 7,759 822 2.222 1.170 127.798 822 2,222 2,107 97.947 29,051 188.DD3 Other expendiiur•' Indeperthnt •xgminef8 le 690 200 Totsl oxynd+tyre 100 591 13