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2022-05-31-accounts
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Page |
| Legal and administrative information |
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1 |
| Chairman's report |
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2 −3 |
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. |
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| Trustees' report |
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4 |
| Statement of trustees' responsibilities |
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5 |
| Independent examiner's report to the trustees |
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6 |
| Statement of financial activities |
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7 |
| Balance sheet |
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8 |
| Notes to the accounts |
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9−11 |
| Trustees |
• |
Hugh Parry FCA |
Chairman |
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• |
Elspeth Arden |
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• |
Keith Berry (appointed 6 November 2021) |
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• |
Martin Brackenbury |
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• |
Matthijs Broersma B.Mus (Hons), Guildhall |
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School of Music & Drama; MA (Music |
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Performance), Hochschule der KOnste, |
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Bern |
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• |
Arisa Fujita B.Mus (Hons), Guildhall School |
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of Music & Drama |
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|
• |
Wayne Kitcat |
Treasurer |
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• |
Mark Woodcock |
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| Artistic Advisor |
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David Waterman PhD MA |
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| Management |
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Laurence Herbert |
Accountant |
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Kathryn Newton (resigned 1 April 2022) |
Marketing coordinator |
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Sarah Baldwin (appointed 22 May 2022) |
Marketing and operations manager |
| Registered Charity Number |
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1167616 |
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| Principal address |
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Mill Way House |
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Guildford Road |
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Westcott |
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Surrey RH4 3LB |
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| Website |
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http://www.maiastra.org/ |
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| Examiner |
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Peter Dobree FCA |
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Rocking Horse Cottage |
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7 Cotmandene |
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Dorking |
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RH4 2BL |
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| Bank |
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CAF Bank |
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25 Kings Hill Avenue |
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Kings Hill |
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West Mailing |
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Kent ME19 4JQ |
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Account number: 00008685 |
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Sort code: 405240 |
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| Investment manager |
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CCLA Fund Managers Limited |
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Registered in England No. 8735639 |
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Senator House |
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85 Queen Victoria Street |
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London |
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EC4V 4ET |
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|
21/22 |
20/21 |
19/20 |
18/19 |
17/18 |
| Public concerts |
25 |
COVID |
16 |
25 |
29 |
| Students |
35 |
COVID |
17 |
35 |
40 |
| Residential courses |
3 |
COVID |
4 |
5 |
4 |
| Short courses |
5 |
COVID |
2 |
5 |
8 |
| Fundraiser for Ukraine |
1 |
n/a |
n/a |
n/a |
n/a |
|
|
2022 |
|
2021 |
|
| INCOME |
|
|
|
|
|
| Donations |
|
44,395 |
• 0− |
7,535 |
|
| Gift Aid |
|
9,763 |
|
1,594 |
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| Legacy |
|
96,700 |
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|
|
|
Total income |
150,858 |
|
9,129 |
|
| EXPENDITURE |
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|
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| Ukraine fundraiser grants |
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(17,270) |
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|
( |
| Fund raising concerts |
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|
|
(1,000) |
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| Course costs |
|
(41,958) |
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|
|
| Ex gratia payments to performers |
for cancelled |
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|
|
|
| concerts due to COVID |
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|
|
(4,062) |
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| Insurance costs |
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(835) |
|
(1,160) |
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| Publicity |
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(3,325) |
|
(1,876) |
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| Administration |
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(869) |
|
(1,461) |
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| Bank charges |
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(362) |
|
(120) |
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|
Total expenditure |
(64,619) |
|
(9,679) |
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| Net income before gains/(losses) on investments |
|
86,239 |
|
(550) |
|
| Gains and (losses) on investment |
assets |
13,064 |
|
44,235 |
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| Net movement in funds |
|
99,303 |
|
43,685 |
|
| RECONCILIATION OF FUNDS |
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|
|
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| Total funds brought forward |
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561,657 |
|
517,972 |
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| Total funds carried forward |
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660,959 |
|
561,657 |
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|
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2022 |
|
2021 |
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Notes |
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| Fixed assets |
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|
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| Investments |
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|
4 |
|
340,761 |
|
317,697 |
| Instruments |
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|
5 |
|
301,200 |
|
230,000 |
|
|
Total fixed assets |
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|
641,961 |
|
547,697 |
| Current assets |
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|
|
|
|
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| Debtors |
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|
6 |
7,457 |
|
2,254 |
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| Cash at bank and in hand |
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|
|
15,663 |
|
12,036 |
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Total current assets |
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|
23,120 |
|
14,290 |
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| Liabilities |
|
|
|
|
|
|
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| Creditors: amounts |
falling |
due within one yea |
7 |
(4,122) |
|
(330) |
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|
Net current assets |
|
|
|
18,998 |
|
13,960 |
|
|
Net assets |
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|
660,959 |
|
561,657 |
| The funds of the charity |
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|
|
|
|
|
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| Unrestricted funds |
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|
|
|
660,959 |
|
561,657 |
|
Total charity funds |
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|
|
660,959 |
|
561,657 |
|
Reimbursement o f out−of−pocket expenses made to tr |
ustees for expenses i |
ncurred by |
|
|
|
2022 |
2021 |
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|
Number of trustees who were paid expenses |
5 |
0 |
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|
Nature of the expenses |
Course & publicity |
Course & publicity |
|
|
|
costs |
costs |
|
|
Trustees reimbursed |
8,124 |
0 |
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|
Total amount paid |
8,124 |
|
|
| 4 |
Investment assets |
|
|
|
|
|
c |
|
|
|
Carrying (market) value at 1 June 2021 |
317,697 |
|
|
|
Add: |
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|
|
|
purchase of COIF units |
10,000 |
|
|
|
net gain/(loss) on revaluation at year end |
13,064 |
|
|
|
Carrying (market) value at 31 May 2022 |
340,761 |
|
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|
Analysis of investments as at 31 May 2022 |
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Market price per |
|
Market Value |
|
|
unit at |
|
at |
|
|
31 May 2022 |
Total units |
31 May 2022 |
|
|
£ |
|
£ |
|
COIF Charities Investment Fund −Accumulation Units |
|
|
|
|
A/C 127510001R |
223.2259 |
1,526.53 |
340,761 |
| 5 |
Instruments |
|
|
|
|
|
2022 |
2021 |
|
|
|
£ |
£ |
|
|
Goffriller violin at cost |
230,000 |
230,000 |
|
|
Instruments at probate valuation |
71,200 |
− |
|
|
Total instruments |
301,200 |
230,000 |
|
| 6 |
Debtors and prepayments |
|
|
|
|
Amounts falling due |
|
|
|
**within one ** |
year |
|
|
2022 |
2021 |
|
|
£ |
£ |
|
HMRC Gift Aid rebate |
6,143 |
1,594 |
|
Prepayments and accrued income |
1,314 |
660 |
|
Total |
7,457 |
2,254 |
| 7 |
Creditors and accruals |
|
|
|
|
Amounts falling due |
|
|
|
**within one ** |
year |
|
|
2022 |
2021 |
|
|
£ |
£ |
|
Accruals and deferred income |
(4,122) |
330 |
|
Total |
(4,122) |
330 |
| 8 |
Transactions with related parties |
|
|
|
|
2022 |
2021 |
| 8.1 |
Remuneration for professional fees as |
|
|
|
permitted by the Trust Deed to trustees |
£ |
£ |
|
Arisa Fujita −as course director of residential |
|
|
|
chamber music courses |
5,000 |
1,885 |
|
Arisa Fujita −as course director of non residential |
|
|
|
chamber music courses |
|
− |
|
Total |
5,000 |
1,885 |