Charity registration number 1170682 Company registration number CE009334 (England and Wales) THE FRAMLINGHAM FOUNDATION TRUST TIA THE ED SHEERAN SUFFOLK MUSIC FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
THE FRAMLINGHAM FOUNDATION TRUST TIA THE ED SHEERAN SUFFOLK MUSIC FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Trustees WAshursl S Camp S Hardwck Charlty number 117(82 Company number CE009334 Prlnclpal address 41 Greal Portland Street London W1W7LA Accountants HardvAck & Morris LLP 41 Greal Portland Stieet London W1W7LA
THE FRAMLINGHAM FOUNDATION TRUST TIA THE ED SHEERAN SUFFOLK MUSIC FOUNDATION CONTENTS Page Trustees, report Ac¢ountants' report Slalemenl of financial aclivrties Balance sheet Notes lo the financial statements
THE FRAMLINGHAM FOUNDATION TRUST TIA THE ED SHEERAN SUFFOLK MUSIC FOUNDATION TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 The trustees are pleased to present Iheii annual rwrt. tcgether wth the independently examined financial slalements ol the charity for the year ending 31 D&ember 2021. The trustees have adopted the provisions of the Accojnting and Rewrting by charit$. Statement of Recommended Practice applicable lo charities preparing their a¢counts in accordan¢e with the FinancBI Reporting Standard applicable in the UK and Rewblic of IrelaKI IFRS 1021 las amended for accounting Feriods (x)mmencing from 1 January 20161 Objectives and activities The objectivès ol the charity continue to te". 11 To Contritre towards or for the Èenefrt or futherance of such charitable inslrtutions or charitable purposes in such a manner and lif more than one) in such shares as the trustees shall in their absolute discretDn from lime to lime determine and in particular but wihout wejudice to the generalrty of the fofegoing to or Iowdrds or for all or any ol the charitable wrposes 21 To make grants principally in respect of drama. music and arts teaching al Thomas Milks School arHY. secondarily, lo make grants for other aieations by puyls alThomas Mills S¢hool in relation to sport5 and other activrties 31 To make grants lo persons under the age of 18 years lo assist with the costs of the study d mLL8iC and singing as well as Coaching in live mLtsical performance and to include wtthout limrtalion the cost of buying mLEical instruments. vocal aChing, associated musical equipment, the cost of rehearsal rooms and the cost of putting on of live performances. Achievements and performance Further grants were gwen to Thomas Mills High sch1. lo continue lo provide students and teachers with lop class learning resources The Mac computers previously wrchased for the Must department from prior year grants were upgraded to prolong their life, whi&t new heajphones were purLased lo allow for excellent sound qualty. For those students sitting public examinations for the first time sinc 2019. they found the access lo such equipment made a great difference to the wmpletion ol their GCSE and A Level coursework. Whilst the Music department utoraded, the Art department ao]uired new machines. lo allow them to aeate a progressive department thinking about the future trot can adapt to the changes By forward thinking, the school rs hoping that the struggles that such a sector in(JJrred due to the COVID pandemic wll be a thing of the past, as the pupils al the school can have wonderful artistic otwrtunities. he school has maintained lor a number for years a tBlan¢ed txjdget, despite rising costs and government funding strategies that have not ayS kept pace wrth this. The Framlingham Foundation Funding has prOVed a level of certainty would otherwse not have and rts. funding is superbly managed by Richard and Nikki lo ensure best value for our students and the long term plans of the dartMentS they run. Richard Hanley - Director of Music "Al a lime when Music and tlje Arts are under preswre and thre wrthin sc*ools it is so combrting lo know that the students of this school have a source of support wtsch enables access and equalty of opportunity for all. It sends a clear message that Music and the Arts are an essentr'al element of a broad and balanced education as well being an essentialpart ofthe human experience Thank you much.. "Al a lime when Music and the Arts are recognised as being so vrtal in pupils, well being after such an extended period of disruption. this school is very wellplaced. through the Framlingham Foundation donation lo support pupils, artistic development and ment81 health. Thank ytw..
THE FRAMLINGHAM FOUNDATION TRUST TIA THE ED SHEERAN SUFFOLK MUSIC FOUNDATION TRUSTEES, REPORT IINCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 The charty donated further ftjnds lo Framlingham Paiochial Chureh Council, lo facilrf(ate the continuation of an educational program for chikjren of Sir Robert HrtLam CEVA Primary School as part of'sing Praise,. This donation continued to allow the expansion to the curriculum tsnefitting the children. Lastly. the foundation continued to grant youThJ aPl¢8n1S funds under The Ed Sheeran Suffolk Music Foundation, fund. ESSMF a charitable music foundalion which aims lo help young people under the age of 18, and living in Suffolk IUKI. with small but useful grants lo help wth studying or playing music These grants could be used for almost anything, such as bJying an instrument. funth'ng your music studs, or paying for rehearsal space. Financial review 11 is the policy of the charty that unrestricted fijnds which have not ken desgnaled for a swcific use should be maintained al a level to allow the work of the charty to continue going foard The trustees consider that resetves at this level wll ensure that, in the event of a ggnificant drop in funding or any unexpected bul necessary expenditure, that they wll be able to continue the tharty's ¢)Jrrenl actwrties. Ythile considerab'on ts gven lo ways in which add(tional funds may be raised Structure. governance and management The charity is a company limited by guarantee govemed by its Memorandum and Articles of association. It is registerèd as a charity wrth the Charty Commission and there are currently 3 trustees. all of whom do not have a beneficial interest in the company. The trustees, who are also the directors for the purt¥)se of company Law. and served during the pericMJ and up lo the date of signature of the financial slalements were.. W Ashurst S Camp S Hardwck The charty currently has no employed staff. with the routine business of the trust being carried OLrt by the trustees. The management of the charities assets are moni(oraJ by the board of trustees solely. The trustees nEel regularly throughout the year and communicate frequently by telephonelemail lo discuss trust matters and wlicies. The Trustees, report was apyoved by the Board of Twstees. AAX S Hardl¢k Trustee Dale.. Oct 31, 2022
THE FRAMLINGHAM FOUNDATION TRUST TIA THE ED SHEERAN SUFFOLK MUSIC FOUNDATION CHARTERED ACCOUNTANTS, REPORT TO THE TRUSTEES ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF THE FRAMLINGHAM FOUNDATION TRUST FOR THE YEAR ENDED 31 DECEMBER 2021 In order to assist you to fuffil your duties under the Companies Act 20C6. we have prepared for your approval the financial statements ol The Framlingham Foundation Trust for the year ervjed 31 December 2021. which comprise the slalemenl of financial activrties and the relaÈd notes from the charity's accounting records aThJ from information and explanations you have given us As a practising member firm of the Institute of Chartered Accountsnts in England and Wales, we are subject to its ethical and other professional requirements which are detailed al https".Il¥w icaew comlregulation Thi% report is made to the chartty's trustees. as a W. in accordance th the lemis of our engaJemenl lètter dated 12 December 2016. Our work has been undertaken solely lo prepare for your approval the financial statements of The Framlingham Foundation TnJst and state those maters that y have agreed lo slate to the charity's trustees, as a body, in this report in accordance wrth ICAEW Technical Release 07116 AAF. To the fullest exlert permitted by law, we do not accept or a&sume responsibilty to anyone other than The Framlingham Fournlation Trust and the charity's Iruslees as a bc*Jy. for our work or for Ihis rewrt. 11 is your duly to ensure that The Framlingham FouThYalion Trust has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liats'lilies, fnancial FK)Srtion and deficrt of The Framlingham Foundation Trust. You c(Y)sider that The Framlingham Foundation Trust is exempt from the statutory audit requirement for the year, and s not required lo obtain an independent examinefs report.} We have not been instructed lo carry out an audrt 01 a review of Ihe financial statements of The Framlingham Foundation Trust. For this reason, WÈ have not vertied the accuracy or completeness of the accounting records or information and explanations you have gwen lo us and we do not. therefore. express any opinion on the slalutory financial statements. 31 October 2022 Hardwck & Morris Chartered Accountants 41 Greal Portland Street London W1W7LA
THE FRAMLINGHAM FOUNDATION TRUST TIA THE ED SHEERAN SUFFOLK MUSIC FOUNDATION STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOMEAND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2021 2021 2020 Notes Donations and legacies Other income 136,070 51 374 Total income 136,121 374 Raising funds 20,500 17,054 Grants and donations 140,583 52,507 Other 1,902 534 Total resources expended 162,985 70,095 Net movement in funds 126.8641 169.7211 Fund balanees al 1 January 2021 460,122 529,843 Fund balances at 31 December 2021 433,258 460,122 All income and expendrture derwe from continuing &tivttie5. The statement of financial adivities a&0 COmFleS %Mth the requirements for an income aThJ expenditure account under the Companies Act 20(.
THE FRAMLINGHAM FOUNDATION TRUST TIA THE ED SHEERAN SUFFOLK MUSIC FOUNDATION BALANCE SHEET ASAT31 DECEMBER 2021 2021 2020 Notes Current assets Cash al bank and in hand 457, 112 460,287 Creditors= amounts falling due within one year 123.8541 11651 Net current assets 433,258 460, 122 Income funds Unrestricted funds 433,258 460, 122 433,258 460, 122 The company i% entitled to the exemption from the audit reqU1ment ¢ontsined in section 477 of ItE Companies Act 2006, for the year ended 31 December 2021 The directors acknedge their responsibili(Es for complying with the requirements of the Comparies Act 2006 th respect to acctunting records and the weparatK>n of financial statements. The members have not required the company lo obtain an audit of rts financial statements for the year in question in accordance with section 476. These financial statements have been Fyepared in accordance the provisions appli¢2ble to comtBnies subject lo the small companies regime. Oct 31. 2022 The financial statements were approved by the TrusÈes on ......................... S Hardick Trustee Company regislralion number CE009334
THE FRAMLINGHAM FOUNDATION TRUST TIA THE ED SHEERAN SUFFOLK MUSIC FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 ACCOUnng polie$ 1.1 Accounting convention The financial statements have been prepared in aceordance vAth the charty's Igoverning documentl, the Companies Act 20(, FRS 102 "The Finanaal ReportirYJ Standard applicable in the UK and Republic of Ireland. I'FRS 1021 and the Charrties SORP Accounting and Reporting by Charities Slalemenl ol Recommended Practice applicat)le lo charrties preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republt of Ireland IFRS 1021" leffectNe 1 January 20191 The charity is a Public Benefrt Entity as defined by FRS 102. The charity has tsken advantage of the provtsions in the SORP for thar((ies not lo prepare a Slatanent of Cash Flows. The financial statements are prepared in sterling. lch ts the functional currency of the charty Monetary amounts in these financial slalemenls are rounded lo the nearesl £. 1.2 Golng concern At the lime of approving the financrdl statements. the trustees have a reasonable expectslion that the charty has adequate iesDurces t¢ continue in operational &ISten for the foieseeable future. Thus the IrLBtees continue lo adopt the going concern basis of accounting in preparing the financial statemènts. 1.3 Charitable funds Unrestricted funds are aVailae for use at the dEuetK)n of the trustees in furtherance of their charitable objectives 1.4 Incomlng resources Income is recognised in the Statement of Financ4al Actwi(ies. when the charty is legally enlitl&J to rt, can be measured reliably, and is probable that income will leNed. 1.5 Resources expended Expenses are recognised in the Statement ol Financial Activrties. vthen the charrty has a legal or conslruclive obligation, which can be measured reliably and rt s probable that a transfer of economic nerrtS 111 be required in settlement Expendrture Is accounted on an accruals basis and have been classified Lnder headings that aggregate all o)st related to the gOry. Donations and legacles 2021 2020 Donations 136.070 Other income 2021 2019 Other income 51 374
THE FRAMLINGHAM FOUNDATION TRUST TIA THE ED SHEERAN SUFFOLK MUSIC FOUNDATION NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Raising funds general 2020 2021 Fundraisin Staff costs an 20,500 17,054 20,500 17,054 Grants and donations 2021 2020 Grants to Thomas Mills School Donation lo Framlingham Parochial Church Council Donation lo Sir Richard Hrtcham Project Donations to Under 18 Suffolk based music students Donations to Suffolk Kodaly CIC Donations to Choral Foundalion 30,000 17,000 1,600 86,983 30,000 10,000 8,507 4.000 5,000 140,583 52,507 Trustees No trustees, nor any Fersons connected vAth them. received any remuneration or betpfits from the charty during the year lo 31 December 2021. Other 2021 2020 Insurance Other sts Postage Wet6ile costs Bank Charges 448 494 40 365 282 807 1,902 534
THE FRAMLINGHAM FOUNDATION TRUST TIA THE ED SHEERAN SUFFOLK MUSIC FOUNDATION NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Creditors.. amounts falling due within one year 2021 2020 Other taxation and social security Other creditors AccruaLs and deferred income 125 125 40 23,729 23,854 165 Related party transxtions There were no related paty transachons for the year ended 31 December 2021.