## **Trustees’ Annual Report for the period** **From 1 September 2023 To 31 August 2024** **Charity name: The Piano Teachers’ Course UK Trust** ## **Charity registration number: 1186328** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|**Advancing the education and support of**
**piano teachers to improve the quality of**
**piano teaching.**| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|**The Piano Teachers’ Course has**
**managed to survive and flourish**
**because the tutors have worked hard to**
**ensure students can take the course**
**either in person or virtually. This has**
**not been easy and we have needed to**
**support them and this will continue.**
**We were incredibly fortunate to receive**
**a substantial bequest of £10,000 from**
**Mr. Tayama, the father of the late course**
**Director, Masayuki Tayama.**
**This sum has been earmarked for the**
**new Masayuki Tayama Bursary Fund,**
**which will enable more students who**
**need financial support to attend PTC**
**courses.**
**The Cert PTC is currently in the process**
**of being accredited thanks to the**
**Matossian estate bequest from last year,**
**and three new courses have been**
**developed: 1. A foundation Course for**
**piano teachers who are not yet ready to**
**enrol on the full Cert PTC, 2. A fast track**
**course towards the new ARSM Teacher**
**Diploma for holders of the Cert PTC who**
**would like a Level 4 qualification, 3. An**
**advanced course for Cert PTC holders**
**who wish to continue to develop their**
**skills and work towards an ABRSM or**
**Trinity Level 6 piano teaching diploma.**
**Efforts to raise funds have continued**
**with the assistance of Sacha Glasgow-**
**Smith and Kieran Henderson and the**
**PTC Tutors.**| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity|Para 1.18|**We confirm that the trustees**
**deliberations were made with due**
**regard to the guidance issued by the**
**Charity Commission.**| Commission on public benefit ## **Additional information (optional)** ## You may choose to include further statements where relevant about: ||SORP reference|| |---|---|---| |Policy on grant making|Para 1.38|**We continue to have a constructive**
**dialogue with the Course team to ensure**
**they get the support they need from us**
**and that money is wisely spent and not**
**wasted. We are grateful that the PTC**
**Course Director and Administrator are**
**able to attend Trustees meetings and**
**contribute their points of view.**| |Policy on social investment
including program related
investment|Para 1.38|**Not applicable this year**| |Contribution made by
volunteers|Para 1.38|**We are grateful to the work of the tutors**
**and the students both in enabling the**
**course to continue but also to fund**
**raise, particularly in the events they**
**organise, e.g. students’ concerts and**
**competitions**| |Other||| ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|**Our primary achievements in this**
**financial year have been**
**1. The provision of bursaries for**
**four students to be able to attend**
**the Cert PTC course.**
**2. The provision of funds so that the**
**Cert PTC is in the process of**
**being accredited by The CPD**
**Certification Service.**
**3. The provision of funds for**
**marketing so the PTC courses**
**look more professional and have**
**a wider reach.**
**4. The provision of funds towards**
**the development of three new**
**PTC courses in line with the**
**evolving requirements of**
**students, and the ABRSM’s new**
**professional qualifications, so**
**that students can continue to**
**develop as teachers and receive**
**professionally recognised**
**qualifications.**| ## **Additional information (optional)** |**Additional information (optional)**|**Additional information (optional)**|| |---|---|---| |You may choose to include further statements||where relevant about:| |Achievements against
objectives set|Para 1.41|**With our help the Piano Teachers’**
**Course has continued to adapt and**
**develop, ensuring that it not only**
**continues but also has wider relevance**
**for today’s piano teachers.**| |Performance of fundraising
activities against objectives
set|Para 1.41|**We are very fortunate to still have funds**
**from last year’s Matossian bequest, and**
**this year’s Tayama donation. We are**
**continuing to explore fundraising**
**avenues.**| |Investment performance
against objectives|Para 1.41|**Not applicable**| |Other||**Not applicable**| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|**Our Sept 2023 -2024 accounts were**
**prepared per Charities Act 2011 and**
**audited by Iqbal Chowdhury FCCA. He**
**reported “no concerns” to trustees from**
**his examination, dated 10 September**
**2024.**| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|**The cash fund will be held to further**
**support the development of new**
**courses and marketing, to boost fund-**
**raising and provide bursaries. It will also**
**be used for the CPD accreditation**
**process which will validate the PTC’s**
**role in UK piano education and**
**encourage more students to enrol.**| |Amount of reserves held|Para 1.22|**£40,397.19**| |Reasons for holding zero
reserves|Para 1.22|**n/a**| |Details of fund materially in
deficit|Para 1.24|**n/a**| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|**n/a**| ## **Additional information (optional)** You may choose to include further statements where relevant about: |The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|**We need to be cautious about the future.**
**We will need to work hard to fundraise**
**over the next few years.**| |---|---|---| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|**Not applicable**| |A description of the principal
risks facing the charity|Para 1.46|**We need to develop our fundraising**
**capacity. We have been fortunate and**
**benefited from the generosity of some**
**funders but recognise the need to**
**develop a steadier income.**| |Other||| ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|**CIO Foundation Constitution**| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|**Trust**| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|**appointed by founders**| ## **Additional information (optional)** You may choose to include further statements where relevant about: Policies and procedures adopted for the induction Para 1.51 and training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other ## **Reference and Administrative details** |Charity name|The Piano Teachers’Course UK Trust| |---|---| |Other name the charity uses|PTC Trust| |Registered charity number|1186328| |Charity’s principal address|Flat 2,
35 Bush Lane,
London EC4R 0AW| ||| ## **Names of the charity trustees who manage the charity** |1
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20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee (if any)**| |---|---|---|---|---| ||L S Ellis|Chair||| ||N Gray|||| ||HK Ignatius-Fleet|||| ||R Magub|||| ||D J Moss||1stSeptember – 17th
March|| ||R Morison||24thMarch – 31stAugust|| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| ## – Corporate trustees names of the directors at the date the report was approved **Director name** Name of trustees holding title to property belonging to the charity **Trustee name Dates acted if not for whole year** ## **Funds held as custodian trustees on behalf of others** Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets ## **Additional information (optional)** ## **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**||| |**Finance**|D P Baldwin|14 Benny’s Way, Coton, Cambridge CB23 7PS| |||| |||| |||| |**Name of chief executive or names of senior staff members (Optional information)**||| |Administration – Lucinda Sells||| Administration – Lucinda Sells ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details ## **Other optional information** ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s) Full name(s)** Ms Louise Stephanie Ellis **Position (eg Secretary,** Chair **Chair, etc) Date** 8 November 2023 |**The Piano Teachers' Course UK TRUST**|**The Piano Teachers' Course UK TRUST**|**The Piano Teachers' Course UK TRUST**|**The Piano Teachers' Course UK TRUST**|**The Piano Teachers' Course UK TRUST**| |---|---|---|---|---| |**CHARITY NUMBER 1186328 ACCOUNTS YEAR END 31 AUGUST 2024**||||| |||||| |||**2024**||**2023**| |**Turnover received**|**£**|**£**|**£**|**£**| |Donations and Legacies|10,318||55,000|| |Anciliaryincome|685||482|| |||11,003||55,482| |||||| |||||| |**Delivery costs and Project support expended**||||| |Instructor,bursaries and direct delivery|7,674||6,800|| |Equipment and Computer costs|1,107||2,250|| |Fundraisingand consulting|2,135||507|| |Marketing,advertisingand administration|6,574||960|| |||||| |**Total delivery costs and Project support expended**||17,490||10,517| |||||| |**Surplus/Deficit**||**(6,487)**||**44,965**| |||||| |||||| |||||| |||||| |**Movement and Reconciliation of Funds**||**Unrestricted **|**Restricted**|| |||**Funds**|**Funds**|**Total**| |||**£**|**£**|**£**| |As at 1 September 2023||46,884|-|46,884| |||||| |Current year receipts||11,003|-|11,003| |||||| |Current year payments||(17,490)|-|(17,490)| |||||| |Transfers between funds||-|-|-| |||||| |**As at 31 August 2024**||**40,397**|**-**|**40,397**| |||||| |||||| |All the funds of the charityare in the form of cash,held|in bank accounts.|||| ## **Independent Examiner's Report to the Piano Teachers’ Course UK Trust** I report to the charity trustees on my examina�on of the accounts of the charity for the year ended 31[st] August 2024. ## **Responsibilities and basis of report** The charity’s trustees are responsible for the prepara�on of the accounts in accordance with the requirements of the Chari�es Act 2011 (‘the Act’). I report in respect of my examina�on of the charity’s accounts carried out under sec�on 145 of the Act and in carrying out my examina�on I have followed all the applicable Direc�ons given by the Charity Commission under sec�on 145(5)(b) of the Act. ## **Independent examiner's statement** listed bodies, in sec�on 124 of the Chari�es Act 2011. However, as the charity’s gross income does not exceed £250,000, it has not been mandatory to assign an independent examiner from a listed body. the examina�on giving me cause to believe that in any material respect: 1. accoun�ng records were not kept in respect of the charity as required by sec�on 130 of the Act; or 2. the accounts do not accord with those records I have no concerns and have come across no other ma�ers in connec�on with the examina�on to which a�en�on should be drawn in this report in order to enable a proper understanding of the accounts to be reached. ## **Iqbal Chowdhury FCCA** 16 High Holborn London WC1V 6BX Date : 10/09/2024