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2025-10-31-accounts

Trustees' Annual Report for the period

Period start date Period start date Period end date Period end date
01 November 2024 31 October 2025
**From ** To

Section A Reference and administration details

Charity name[The Cuddigan Oliver Trust (CIO) – (Formerly Michael ] Cuddigan Trust)

Other names charity is known by

Registered charity number (if any) 1158975

Charity's principal address

Sandhill Priors Hill Road Aldeburgh Postcode IP15 5EP

Names of the charity trustees who manage the charity

1
2
3
4
5
6		 Trustee name Office (if any) Dates acted if not for whole
**year **		 Name of person (or body) entitled
to appoint trustee (ifany)
Professor Dawn
Oliver
Paul Zisman Chairman
Jordan Hunt
Anne Cuddigan -
Deceased		 To 1.10.25
Martin Neild
Jan Schmolk

Names of the trustees for the charity, if any, (for example, any custodian trustees)

Name Dates acted if not for whole year

Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information) Names and addresses of advisers (Optional information) Names and addresses of advisers (Optional information)
Type of adviser
Name
Address
Accountant Monika Hazelton,
Winston Hazelton &
Co Ltd		 34 Arlington Road, NW1 7HU, London
Administrator Anne-Marie Norman

Name of chief executive or names of senior staff members (Optional information)

TAR

March 2012

1

Section B Structure, governance and management

Description of the charity’s trusts

Constitution as amended on 10 December 2024 Type of governing document

How the charity is constituted

A Charitable Incorporated Organisation - Trust

Trustee selection methods

Appointed by Chair at meeting

(eg. appointed by, elected by)

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

The Trust is under the overall control of the Trustees.

There must be at least three charity trustees. The maximum number of charity trustees is 12. Every trustee must be appointed for a term of three years (for maximum three serving terms) by a resolution passed at a properly convened meeting of the charity trustees.

The Foundation has an open recruitment procedure for new Trustees who have the appropriate skills, knowledge and experience needed for the effective administration of the CIO. The procedures for the induction of new Trustees are set out in the Constitution.

Each trustee is also automatically a CIO member. Membership of the CIO cannot be transferred to anyone else.

The Trustees consider the board of Trustees to be the key management personnel in charge of directing and controlling the Trust.

As the charity is a Charitable Incorporated Organisation, on winding up or dissolution, the members of the Trust have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities. However, the members must take every step necessary to minimise the potential loss to the creditors. Subject to the payment of all the ClO's debts the remaining assets must be applied for charitable purposes the same as or similar to those of the CIO

All Trustees give their time freely and no trustee received remuneration during the year. The constitution allows the trustees to be compensated charity trustee is entitled to be reimbursed from the property of the CIO or may pay out of such property reasonable expenses properly incurred by him or her when acting on behalf of the CIO.

Section C Objectives and activities

The object of the CIO is to promote, foster and maintain for the educational advancement and benefit of the public an appreciation of the Summary of the objects of the arts in general, with an emphasis on supporting and encouraging the charity set out in its creation of new musical works and performances, specifically but not governing document limited to the field of vocal chamber music.

TAR

March 2012

2

The Trust supports composition and performance of new vocal chamber music. Every year the Trust supports a small number of works by composers in this field with concerts and performances of the pieces.

The Trust has commissioned 18 pieces since its inception.

Public benefit

The Trustees have had due regard to the guidance issued by the Charity Commission regarding public benefit.

Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)

Additional details of objectives and activities (Optional information)

Cuddigan Oliver Trust Award

The Cuddigan Oliver Trust offers a small number of composers awards each year.

You may choose to include further statements, where relevant, about:

The award supports composers to create new vocal chamber music works with concerts and performances of the pieces by top musicians in the field. Since its inception in 2014, over twelve new pieces have been commissioned.

TAR

March 2012

3

Section D Achievements and performance

Summary of the main achievements of the charity during the year

2024/25 was a year of consolidation for the Trust, following the death of the previous Chair, Sir Stephen Oliver, in early 2024 and the death of our founder, Anne Cuddigan, in October 2025. Donations in her memory to the Trust were suggested at her funeral.

During the year we organised a fundraising concert at Blackheath Concert Halls to celebrate the life of Sir Stephen Oliver and to showcase some of the commissions made by the Trust under his leadership.

We also held a fundraising concert at the home of our new chair, Paul Zisman, at which a recent Trust commission was performed.

Both concerts raised money for a future programme of commissions which will start bearing fruit in subsequent years.

A partnership was entered into with the London Sinfonietta to support the composition and performance of a newly commissioned work for 2026.

A surplus of £8,505 (2024: £605) in the year was added to the surplus brought forward of £16,584 (2024: £15,979) making a surplus carried forward of £25,089 (2024: £16,584).

TAR

March 2012

4

Section E Financial review

Brief statement of the charity’s policy on reserves

The charity’s unrestricted reserves are represented by cash in a bank account with Barclays Bank PLC.

Trustees believe that the foundation’s unrestricted cash reserves to cover all administrative and professional fees should be at least £3,000. Currently the reserves stand at £25,089. The trustees plan to grow the reserves to be able to support more composition and performance of new vocal chamber music.

Details of any funds materially

in deficit

Further financial review details (Optional information)

You may choose to include additional information, where relevant about:

The charity’s principal sources of funding are:

Section F Other optional information

There was a significant spending during the year on the website which can be viewed here: https://www.cuddiganolivertrust.com/

The Trust can receive on-line donations via its website.

The Trust is set up for Gift Aid.

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Martin Neild Position (eg Secretary, Chair, Trustee etc) Date 31/8/2026

TAR

March 2012

5

Charity Name No (if any) The Cuddigan Oliver Trust (CIO) - (Formerly Micheal 1158975 Cuddigan Trust) Receipts and payments accounts For the period Period start date Period end date To from 01-Nov-24 31-Oct-25

CC16a

Section A Receipts and payments Section A Receipts and payments
A1 Receipts Unrestricted
funds
to the nearest
£
11,181
3,639
-
-
-
-
-
-
14,820
-
-
-
14,820
2,500
500
1,145
334
1,125
171
540
-
-
-
6,315
-
-
-
6,315
8,505
-
16,584
25,089		 Restricted
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Endowment
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total funds
to the nearest £
11,181
3,639
-
-
-
-
-
-
14,820
-
-
-
14,820
2,500
500
1,145
334
1,125
171
540
-
-
-
6,315
-
-
-
6,315
8,505		 Last year
to the nearest £
Donations 11,181 1,600
Concert income 3,639 -
- -
- -
- -
- -
- -
- -
Sub total(Gross income for
AR)		 14,820 1,600
A2 Asset and investment sales,
(see table).
-
- -
Sub total - -
Total receipts
A3 Payments
1,600
Concert in honour of Sir Stephen Oliver
(December 2024)		 2,500 960
Performer for Alasdair Spratt repertoire
(May2025)		 500 -
Public relations, marketing and website
costs		 1,145 -
Travel 334 -
Administrative fees 1,125 -
Bank fees 171 35
Accountancyfee 540 -
- -
- -
- -
**Sub total ** 6,315 995
A4 Asset and investment
purchases, (see table)
-
-
**Sub total ** - -
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
995
8,505 - - 8,505 605
- - - - -
16,584 - - 16,584 15,979
25,089 - - 25,089 16,584

CCXX R1 accounts (SS)

31/08/2026

1

Section B Statement of assets and liabilities at the end of the period

Categories
Signed by one or two trustees on
behalf of all the trustees
B1 Cash funds
B2 Other monetary assets
B4 Assets retained for the
charity’s own use
B5 Liabilities
B3 Investment assets		 Signature
Accountancy fee - Winston Hazelton & Co.
Details
Details
Bank current account
Stripe
Details
Details
Total cash funds
(agree balances with receipts and payments
account(s))
Details		 Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
25,089
-
-
-
-
-
25,089
-
OK
OK
Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
-
-
-
-
-
-
-
-
-
-
-
-
Fund to which
asset belongs
Cost (optional)
-
-
-
-
-
Fund to which
asset belongs
Cost (optional)
-
-
-
-
-
-
-
-
-
Fund to which
liability relates
Amount due
(optional)
Unrestricted
960
-
-
-
-
Print Name
MARTIN NEILD		 Endowment
funds
to nearest £
-
-
-
-
OK
Endowment
funds
to nearest £
-
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
-
-
-
-
When due
(optional)
30.9.26
Date of
approval
MARTIN NEILD 31/8/2026

CCXX R2 accounts (SS)

31/08/2026

2