Docusign Envelope ID: 6CA2AFC8-BAB4-8DBC-831C-109CB7799CF3 THE TROTT MUSICAL FOUNDATION Charity Reg. No. 1129182 TRUSTEES' ANNUAL REPORT AND UNAUDITED ACCOUNTS for the year ended 30 September 2025 Docusign Envelope ID: 6CA2AFC8-BAB4-8DBC-831C-109CB7799CF3 ## **The Trott Musical Foundation Charity Reg. No. 1129182 Contents** ||**Page**| |---|---| |Reference and administration details|1| |Trustees' annnual report|2| |Independent Examiner's report to the Trustees|4| |Receipts and payments account|5| |Statement of assets and liabilities|6| Docusign Envelope ID: 6CA2AFC8-BAB4-8DBC-831C-109CB7799CF3 ## **The Trott Musical Foundation Charity Reg. No. 1129182 Reference and administration details** ## **Charity's principal address** McGarry & Co 54 Main Street Sedbergh Cumbria LA10 5AB ## **Trustees** Wendy Preston Ysobel Sugden Kate Seymour Nicola Cann (Chair) John Seymour ## **Bank** Barclays Bank plc 9 Highgate Kendal Cumbria LA9 4DA ## **Solicitors** McGarry & Co 54 Main Street Sedbergh Cumbria LA10 5AB ## **Independent Examiner** Jackson & Graham 4 Finkle Street Sedbergh Cumbria LA10 5BZ 1 Docusign Envelope ID: 6CA2AFC8-BAB4-8DBC-831C-109CB7799CF3 **The Trott Musical Foundation Charity Reg. No. 1129182 Trustee's Annual Report for the year ended 30 September 2025** ## **Structure Governance and Management** ## The Charity's trusts The Trott Musical Foundation is an Unincorporated Association, governed by a Trust Deed dated 11 September 2008 and registered as a Charity on 16 April 2009. There must be at least three trustees. Apart from the first Trustee, every Trustee must be appointed for a term of 5 years by a resolution of the Trustees passed at a special meeting. All Trustees give their time voluntarily and receive no remuneration or other benefits. ## **Objectives and Activities** ## Objects The Trustees must apply the income of the Charity in furthering the following objects: Assisting any child, or children born, permanently residing in, or being educated at a school maintained by a local authority, or having grant maintained status, in any of the parishes of Sedbergh, Howgill, Firbank, Cautley, Garsdale and Dent and Cowgill in the county of Cumbria, to be educated in the appreciation of the art and science of music, and the teaching of the playing of any musical instrument to any such child or children. At their discretion, the Trustees may append all or part of the capital of the Charity in furthering the objects. Summary of main activities undertaken for the public benefit in relation to these objects In planning our activities for the year we kept in mind the Charity Commission's guidance on public benefit at our Trustee meetings. 2 Docusign Envelope ID: 6CA2AFC8-BAB4-8DBC-831C-109CB7799CF3 ## **Achievements and Performance** The standard work of the Trust in helping the local children to learn a variety of musical instruments has continued with an average of 49 (51 in 23/24) grants awarded per term. Grants are awarded to individuals for the Spring, Summer and Autumn terms. The number of individual grants has probably fallen because the Trust now funds Sedbergh Primary School to offer free string and wind lessons. All year 4 also have free brass lessons provided for by the Trust. The Head of Music at Settlebeck School, the local state secondary school, has been very active in encouraging pupils to learn to play an instrument. Their band performed an excellent concert this year. The Trustees monitor the progress of the applicants by reviewing the comments made by the music teachers on the application forms. It is pleasing to read these reports and to hear of the enthusiasm and progress being made by the students. Applications and the preparation of the termly grant reports are dealt with by an administrator. The Trott Musical Foundation website has been a great success. This has enabled applicants to apply online. There is an information section which gives details of: the rules governing who may apply, how to apply, frequently asked questions, and a synopsis of Freda Trott, the founder of the Trott Musical Foundation. All grants are paid directly via on-line banking by a Trustee, a second Trustee authorising the payment on-line. ## **Financial Review** As at 30th September 2025 investment funds managed by Charles Stanley & Co Limited had a value of £537,650, and investment funds managed by the Trustees had a value of £116,419 giving a total value of £654,069 (2024 £621,779). At the year end, Charles Stanley held cash balances of £35,204 on the capital account (2024 £7,359) and £6,997 on the income account (2024 £7,562). The Trustees held a cash balance of £9,452 in a Barclays Community Account (2024 £10,900). The income of the Foundation, dividends and interest from the investments, has risen this year from £29,359 in 2024 to £31,195. Grants of £30,086 (2024 £30,981) were awarded in furtherance of the Charity’s objects. Grants totalling £23,611 (2024 £24,281 ) were made to the children having individual lessons. Grants were also awarded to: Sedbergh Primary School received £1,275 for violin and wind lessons for the Summer Term 2025. Sedbergh Pepperpot received £4,750 to support the violin tuition at Dent Primary School and Sedbergh Primary School ukuleles. The Trustees declare that they approved the Trustees’ report above and the Unaudited Accounts for the year ended 30 September 2025 on 22 July 2026 Signed on behalf of the Charity’s Trustees: Nicola Cann – Chair Wendy Preston – Trustee 3 Docusign Envelope ID: 6CA2AFC8-BAB4-8DBC-831C-109CB7799CF3 ## **Independent Examiner's Report to the trustees of The Trott Musical Foundation** I report to the trustees on my examination of the accounts of the above charity ('the Trust') for the year ended 30 September 2025 This report is made solely to the trustees as a body, in accordance with the Charities Act 2011. My examination has been undertaken so that I might state to the trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the trustees as a body, for my examination, for this report, or for the opinions I have formed. ## **Responsibilities and basis of report** As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent Examiner's Statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect: - the accounting records were not kept in accordance with section 130 of the Charities Act; or - the accounts did not accord with the accounting records; or - the accounts did not comply with the applicable requirements concerning the form and - content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. J Simon-Norris ACA Jackson & Graham Chartered Accountants 4 Finkle Street Sedbergh Cumbria LA10 5BZ Date: 27 July 2026 4 Docusign Envelope ID: 6CA2AFC8-BAB4-8DBC-831C-109CB7799CF3 ## **The Trott Musical Foundation Charity Reg. No. 1129182 Receipts and Payments Account for the year ended 30 September 2025** |Donations, Legacies and Grants
Dividends on Investments
UK Interest
**Asset and Investment Sales**
Stocks & Shares
**Total Receipts**
**Payments**
Grant Awards
Adminstrator costs
Admin expenses
Concert Expenses
Website
Charles Stanley Management Fees
Independent Examination Fee
**Asset and Investment Purchases**
Stocks & Shares
**Total Payments**
**Net Income/ (Payments) for year**
Cash funds brought forward
Cash funds carried forward|**2025**
**£**
-
24,701
6,494
30,086
2,475
-
-
209
7,251
450|

31,195
90,513
121,708
40,471
55,407
95,878
25,830
25,822
51,652|**2024**
**£**
719
26,176
3,183
30,981
1,100
48
49
241
6,978
420|30,078
15,035
45,113
39,817
16,742
56,559
(11,446)
37,268
25,822| |---|---|---|---|---| 5 Docusign Envelope ID: 6CA2AFC8-BAB4-8DBC-831C-109CB7799CF3 ## **The Trott Musical Foundation Charity Reg. No. 1129182 Statement of Assets and Liabilities as at 30 September 2025** |Barclays community account
Charles Stanley income account
Charles Stanley capital account
**Total**
**Investment Assets**
Stocks & Shares
Market valueof investments as at
1st October 24:
Portfolio Administered by Charles Stanley
Investments administered by the Trustees
Total
Purchases during year at cost
Less Disposals
Proceeds from the sale of shares
Gain on disposals
Gain/ (Loss) on revaluation of assets
**Market Value of Investments as at**
**30 September 2025**
Represented by:
Investments administed by Charles Stanley
Investments administed by the Trustees|**2025**
**£**
9,452
6,997
35,204
**51,653**
546,352
75,427
621,779
55,407
90,513
(30,660)
(59,853)
36,736
**654,069**
537,650
116,419
654,069|10,900
7,562
7,359
498,798
72,324
15,035
-|**2024**
**£**
**25,821**
571,122
16,742
(15,035)
48,950
**621,779**
546,352
75,427
621,779| |---|---|---|---| 6