| Trustees | Marsha Lee - Chairman | Marsha Lee - Chairman | |||||
|---|---|---|---|---|---|---|---|
| Michael Crystal - Vice Chairman | |||||||
| Chen Dalah | |||||||
| Dame Vivien Duffield |
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| Denise Esfandi | |||||||
| liana Fattal | (Appointed | 14 March 2022) | |||||
| Oded Gera | |||||||
| Tali Gottlieb | |||||||
| Linda Grosse | |||||||
| Hilary Newmark | (Appointed | 2 November 2021) | |||||
| David Olsson | |||||||
| Stephen Ross | |||||||
| Dr. Efrat Shaoulian | Sofer | (Appointed | 7April 2022) | ||||
| Charity | number | 1168735 | |||||
| Company | number | 09929867 | |||||
| Principal | address | 1st Floor | |||||
| 1 Bentinck Street | |||||||
| London | |||||||
| W1U 2EA | |||||||
| Independent | examiner | Hannah Sibley FCA |
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| Citroen Wells | |||||||
| Chartered Accountants |
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| Devonshire House |
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| 1 Devonshire Street |
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| London | |||||||
| W1W 5DR | |||||||
| Bankers | CAF Bank | ||||||
| 25 Kings Hill Avenue |
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| Kings Hill, West Mailing |
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| Kent | |||||||
| ME194JQ | |||||||
| Solicitors | Howard Kennedy |
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| 1 London Bridge |
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| London | |||||||
| SE19BG |
| The trustees, | who are also the directors for the | who are also the directors for the | who are also the directors for the | purpose | of company | of company | law, and who served | during | the year and up to |
|---|---|---|---|---|---|---|---|---|---|
| the date of signature | ofthe financial | statements | were: | ||||||
| Marsha Lee - | Chairman | ||||||||
| Michael Crystal - Vice Chairman | |||||||||
| David Cohen | (Resigned | 31 July 2021) | |||||||
| Chen Dalah | |||||||||
| Dame Vivien | Duffield | ||||||||
| Denise Esfandi | |||||||||
| liana Fattal | (Appointed | 14 | March 2022) | ||||||
| Oded Gera | |||||||||
| Tali Gottlieb | |||||||||
| Linda Grosse | |||||||||
| Hilary Newmark | (Appointed | 2 November 2021) | |||||||
| David Olsson | |||||||||
| John Porter | (Resigned | 10 November 2021) | |||||||
| Bianca Roden | (Resigned | 13November 2021) | |||||||
| Stephen Ross | |||||||||
| Dr. Efrat Shaoulian | Sofer | (Appointed | 7April 2022) |
| Year | Year ended | |||||||
|---|---|---|---|---|---|---|---|---|
| ended | ||||||||
| Unrestricted | Restricted | Endowment | 31 May | 31 May | ||||
| funds | funds | funds | 2022 | 2021 | ||||
| Notes | ||||||||
| ~ln ~mf~rm: | ||||||||
| Donations and |
legacies | 199,687 | 282,985 | 482,672 | 223,074 | |||
| Ex ni r |
n: | |||||||
| Raising funds | 27,862 | 27,862 | 1,274 | |||||
| Charitable activities |
||||||||
| Charitable activities |
44,880 | 91,523 | 136,403 | 199,475 | ||||
| Total charitable | expenditure | 44,880 | 91,523 | 136,403 | 199,475 | |||
| Total expenditure | 72,742 | 91,523 | 164,265 | 200,749 | ||||
| Net income for the year/ | ||||||||
| Net movement | in funds | 126,945 | 191,462 | 318,407 | 22,325 | |||
| Fund balances | at | 1 June 2021 | 21,898 | 16,300 | 10 | 38,208 | 15,883 | |
| Fund balances | at 31 May 2022 | 148,843 | 207,762 | 10 | 356,615 | 38,208 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | |||||||
| Current | assets | ||||||
| Other receivables | 10 | 12,750 | 7,268 | ||||
| Cash at | bank and | in hand | 347,573 | 38,622 | |||
| 360,323 | 45,890 | ||||||
| Current | liabilities | (3,708) | (7,682) | ||||
| Net current assets | 356,615 | 38,208 | |||||
| Capital | funds | ||||||
| Endowment funds |
- general | 10 | 10 | ||||
| Income | funds | ||||||
| Restricted funds |
12 | 207,762 | 16,300 | ||||
| Unrestricted funds |
148,843 | 21,898 | |||||
| 356,615 | 38,208 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Grant funding | of activities (see note 5) | 81,523 | 163,667 | ||
| Share of | support costs (see note 7) | 50,126 | 30,534 | ||
| Share of | governance | costs (see note 7) | 4,754 | 5,274 | |
| 136,403 | 199,475 | ||||
| Analysis | by | fund | |||
| Unrestricted | funds | 44,880 | 35,808 | ||
| Restricted | funds | 91,523 | 163,667 | ||
| 136,403 | 199,475 | ||||
| Grants payable | |||||
| 2022 | 2021 | ||||
| Grants to | institutions: | ||||
| Education | in | art of music | 81,523 | 163,667 | |
| Analysis | by | fund | |||
| Unrestricted | funds | ||||
| Restricted | funds | 81,523 | 44,194 | ||
| 81,523 | 44,194 |
| Support cos | ts | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Support costs | Governance | 2022 | 2021 | ||||||
| costs | |||||||||
| Donor development | 31,032 | 31,032 | 20,300 | ||||||
| Office costs | 989 | 989 | 292 | ||||||
| Donor database | management | 684 | 684 | 5,333 | |||||
| Website development | and | management | 11,190 | 11,190 | |||||
| Independent | examination | fees | 3,720 | 3,720 | 3,300 | ||||
| Legal and professional | 40 | 40 | 35 | ||||||
| Administration, | book-keeping | and | |||||||
| accountancy | 6,231 | 6,231 | 4,609 | ||||||
| Bank charges | 994 | 994 | 1,939 | ||||||
| 50,126 | 4,754 | 54,880 | 35,808 |
| 10 | Other re | ceiv | ables | |||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Amounts | falling due | within one year: | ||||
| Prepayments | and accrued income | 12,750 | 7,268 | |||
| 11 | Current | liabilities | ||||
| 2022 | 2021 | |||||
| Accruals | and | deferred | income | 3,708 | 7,682 |
| Movement | in funds | |||||
|---|---|---|---|---|---|---|
| Balance at | Incoming | Resources | Balance at | |||
| 1 June 2021 | resources | expended | 31 May 2022 | |||
| Israel Philharmonic | Orchestra | 28,460 | (10,460) | 18,000 | ||
| Musicians | Chair | 6,300 | 86,876 | (63,576) | 29,600 | |
| Bronfman | Foyer | 160,162 | 160,162 | |||
| Website | Development | 10,000 | (10,000) | |||
| 16,300 | 275,498 | (84,036) | 207,762 |
| Unrestricted | Restricted | Endowment | Total | |||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | ||||
| Fund balances at 31 May 2022 are | ||||||
| represented | by: | |||||
| Current | assets/(liabilities) | 148,843 | 207,762 | 10 | 356,615 | |
| 148,843 | 207,762 | 10 | 356,615 |