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||||Page|
|---|---|---|---|
|Legal and administrative||information||
|Chairman's
report|||2-3|
|Trustees'
report||||
|Statement oftrustees'|responsibilities|||
|Independent
examiner's||report to the trustees||
|Statement offinancial||activities||
|Balance sheet||||
|Notes to the accounts|||9- I I|
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|Trustees||Hugh Parry FCA||||||Chairman||
|---|---|---|---|---|---|---|---|---|---|
|||Elspeth Arden||||||||
|||Martin Brackenbury||||||||
|||Matthijs Broersma|B.Mus (Hons), Guildhall|||||||
|||School ofMusic &||Drama;||MA (Music||||
|||Performance),
Hochschule
der Kunste,|||||Bern|||
|||Arisa Fujita B.Mus||(Hons),||Guildhall|School of|||
|||Music &Drama||||||||
|||Wayne Kitcat||||||Treasurer||
|||Mark Woodcock||||||||
|||Susan Woodcock|(died||5 March 2021)|||||
|Artistic Advisor||David Waterman|PhD||MA|||||
|Management||Laurence Herbert||||||Accountant||
|||Kathryn
Newton||||||Marketing|coordinator|
|||Reisa Norris (resigned|||19June 2021)|||Concert coordinator||
|Registered|Charity Number|1167616||||||||
|Principal address||Mill Way House||||||||
|||Guildford
Road||||||||
|||Westcott||||||||
|||Surrey RH4 3LB||||||||
|Website||htt:
www. maiastra. or||||||||
|Examiner||Peter Dobree FCA||||||||
|||Rocking Horse Cottage||||||||
|||7 Cotmandene||||||||
|||Dorking||||||||
|||RH4 2BL||||||||
|Bank||CAF Bank||||||||
|||25 Kings Hill Avenue||||||||
|||Kings Hill||||||||
|||West Mailing||||||||
|||Kent ME194JQ||||||||
|||||Account number:|||00008685|||
|||||||Sort code: 405240||||
|Investment|manager|CCLA Fund Managers|||Limited|||||
|||Registered
in England|||No.|8735639||||
|||Senator House||||||||
|||85 Queen Victoria||Street||||||
|||London||||||||
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|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|INCOME||||||||
|Donations||||||7,535|29,553|
|Gift Aid||||||1,594|7,567|
|||||Total income||9,129|37,120|
|EXPENDITURE||||||||
|Grants and sponsorship||||||(1,000)|(11,213)|
|Course costs|||||||(29,395)|
|Ex gratia payments|to|performers|for cancelled||concerts|||
|due to COVID||||||(4,062)||
|Insurance
costs||||||(1,160)|(587)|
|Publicity||||||(1,876)|(7,307)|
|Administration||||||(1,461)|(921)|
|Bank charges||||||(120)|(60)|
||||Total expenditure|||(9,679)|(49,483)|
|Net income before gains/(losses)||||on investments||(550)|(12,363)|
|Gains and (losses)|on|investment|assets|||44,235|18,088|
||||Net movement||in funds|43,685|5,725|
|RECONCILIATION||OF FUNDS||||||
|Total funds brought|forward|||||517,972|512,247|
|||Total|funds carried||forward|561,657|517,972|
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||Republic o|fI|reland (FRS|102)and the Ch|arities Act 2011.||||
|---|---|---|---|---|---|---|---|---|
|2|Accounting||policies||||||
|2.1|INCOMING||RESOURCES||||||
||Recognition||ofincoming|resources|These are included
in the Statement ofFinancial Activities (SoFA) when:||||
||||||the Trust becomes entitled to the resources;||||
||||||the trustees are virtually|certain they|will receive the resources; and||
||||||the monetary
value can|be measured|with sufficient reliability.||
||Tax reclaims||on donations|and gifts|Incoming resources from tax|reclaims are|included|in the SoFA at the same|
||||||time as the gift to which they|relate.|||
||Volunteer|help|||The value ofany voluntary
help received is not included
in the accounts but||||
||||||is described
in the Chairman's|report.|||
||Investment|income|||This is included
in the accounts when received.||||
|2.2|EXPENDITURE AND LIABILITIES||||||||
||Liability
recognition||||Liabilities are recognised
as|soon as there|is a legal|or constructive|
||||||obligation
committing
the Trust to pay out resources.||||
|2.3|ASSETS||||||||
||Investments||||Investments
quoted on arecognised
stock||exchange|are valued at market|
||||||value at the year end.||||
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|3|Details ofcertain items ofexpenditure|Details ofcertain items ofexpenditure|Details ofcertain items ofexpenditure|||||||
|---|---|---|---|---|---|---|---|---|---|
||Trustee expenses|||||||||
||Reimbursement
ofout-of pocket expenses made|||to|trustees for expenses incurred||by trustees.|||
||||||||2021|2020||
||Number oftrustees|who were paid expenses|||||0|2||
||Nature ofthe expenses||||Course &|publicity||Course &publicity||
||||||||costs|costs||
||Trustees reimbursed|||||||||
|||||||||Elspeth Arden||
|||||||||Hugh Parry||
||Total amount
paid|||||||4,452||
|4|Investment
assets|||||||||
||Carrying
(market) value at I June 2020||||273,462|||||
||Add:|||||||||
||disposal ofCOIF units|||||||||
||net gain/(loss)|on revaluation
at year end||||44,235||||
||Carrying
(market)|value at 31 May 2021|||317,697|||||
||Analysis ofinvestments||as at 31May 2020|||||||
||||||||||Market|
||||||Market price||per||Value at|
|||||||unit at|||31 May|
||||||31 Ma|2021||Total units|2021|
||COIF Charities
Investment||Fund - Accumulation||Units|||||
||A/C 127510001R||||215.1980|||1,476.30|317,697|
|5|Instrument|||||||||
||||||||2021|2020||
||At cost|||||230,000||230,000||
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|6|Debtors and|prepayments|||||
|---|---|---|---|---|---|---|
|||||Amounts|falling due||
|||||within|one year||
|||||2021||2020|
||HMRC Gift Aid rebate|||1,594||2,498|
||Prepayments|and accrued income||660|||
||||Total|2,254||2,498|
|7|Creditors and accruals||||||
|||||Amounts|falling due||
|||||within|one year||
|||||2021||2020|
||Accruals and|deferred income||(330)||(160)|
||||Total|(330)||(160)|
|8|Transactions|with related parties|||||
|||||2021||2020|
|8 1|Remuneration|for professional|fees as permitted||||
||by the Trust|Deed to trustees|||||
||Arisa Fujita -|as course director ofresidential|||||
||chamber music courses|||1,885||3,750|
||Arisa Fujita -|as course director ofnon residential|||||
||chamber music courses|||||800|
||Matthijs Broersma - as course director ofnon||||||
||residential
chamber music courses|||||1,000|
||||Total|1,885||5,550|
|8.2|Donations
over f,1,000 made by||trustees||||
||Susan Woodcock|||||8,000|
||||Total|||8,000|