OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-12-31-accounts

Docusign Envelope ID: E2743D43-A36D-4221-BA8A-540EA028F41C

Harrison/Parrott Foundation

Charity number 1186987; Charitable Incorporated Organisation number CE020030

HARRISON/PARROTT FOUNDATION

Harrison/Parrott Foundation CIO Registered Charity number 1186987

Trustees’ annual report and Unaudited Accounts For the year to 31 December 2023

1

Docusign Envelope ID: E2743D43-A36D-4221-BA8A-540EA028F41C

Harrison/Parrott Foundation

Charity number 1186987; Charitable Incorporated Organisation number CE020030

Trustees’ annual report and Unaudited Accounts

Pages
Trustees’ annual report 3-8
Independent examiner’s report 9
Statement of Financial Activities 10
Balance sheet 11
Notes to the Accounts 12-16

2

Docusign Envelope ID: E2743D43-A36D-4221-BA8A-540EA028F41C

Harrison/Parrott Foundation

Charity number 1186987; Charitable Incorporated Organisation number CE020030

Trustees’ annual report For the year to 31 December 2023

The Board presents its report and financial statements for the year ending 31 December 2023.

Reference and administrative information is set out on page 7 of this report. The financial statements comply with current statutory requirements, the Constitution and the Statement of Recommended Practice – Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Harrison/Parrott Foundation (HPF) is a Charitable Incorporated Organisation (CIO) incorporated and registered as a charity in 2019. The CIO was established under a Constitution which sets out the objectives and powers of the organisation.

The Trustees of HPF under charity law are also the Board Members. All Board Members give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in note 10 to the accounts.

The Trustees (and Board Members)

The charity trustees manage the affairs of the CIO and for that purpose exercise all the powers of the CIO. The charity trustees are also the members of the CIO. There is a maximum of 12 Trustees (and Board Members). The charity trustees are set out in the reference and administrative information on page 8 and are appointed for three years by a resolution passed by a meeting of the charity trustees. In selecting individuals for appointment as charity trustees regard is had to the skills, knowledge and experience needed for the effective administration of the CIO, and with the objective of promoting equal opportunities and reflecting and representing the diversity of the UK.

All incoming Trustees (and Board Members) will receive a current copy of the constitution, a copy of the CIO’s latest Trustees’ Annual Report and statement of accounts, and a copy of the current version of the Foundation’s Trustee Handbook. The Board currently plans to meet four times a year.

How the Board functions

The Board is, in law, ultimately responsible for all aspects of the performance of HPF, but in practice operational matters are delegated to Harrison/Parrott Limited’s (HPL) Chief Operating Officer supported by a number of HPL staff and the Foundation Secretary. No staff are directly employed by HPF.

The Board operates under a system of Policy Governance, set out in a single Board Policy Document defining:

Relationship with Harrison/Parrott Limited

HPL launched HPF as part of its 50[th] anniversary celebrations throughout 2019/20 to champion diversity and inclusivity in the arts. HPL provides annual funding and personnel to manage and operate HPF. The majority of the charity trustees must be independent and not employed in any way by HPL.

3

Docusign Envelope ID: E2743D43-A36D-4221-BA8A-540EA028F41C

Harrison/Parrott Foundation

Charity number 1186987; Charitable Incorporated Organisation number CE020030

Co-operation with Other Organisations

HPF has partnered with:

Managing risk

In accordance with best practice, the Board has established and will continue to review a Register of Risks facing HPF. There are risks associated with governance, finance, operations, environmental and compliance. All are reviewed as to probability and impact.

It is not possible or desirable to run HPF without incurring any risk and the Register of Risks allows the Trustees (and Board Members) to identify and focus on the most serious risks so that actions can be taken to mitigate the most serious risks, while at the same delivering a service to meet HPF objectives and the identified needs of stakeholders.

Key risks identified are loss of and issues with key project team (HPL staff and artists), fund-raising, lack of direction and strategy, and activities potentially outside objects, powers or terms of gifts. Until such a point as HPF develops and can recruit a dedicated staff member HPF cannot control HPL staffing or allocation of resources to HPF. Protocols, policies and strategies are being developed to address the other risks.

Statements of policies

HPF has Safeguarding (children, young people and vulnerable adults), Privacy and Grant-making policies established and will introduce further policies as appropriate as the charity grows and develops.

OBJECTIVES AND ACTIVITIES

Public benefit statement

HPF as a registered charity is required to report how its activities in furtherance of its charitable powers provide public benefit, and the Trustees confirm that they have had regard to Charity Commission’s guidance in this matter.

4

Docusign Envelope ID: E2743D43-A36D-4221-BA8A-540EA028F41C

Harrison/Parrott Foundation

Charity number 1186987; Charitable Incorporated Organisation number CE020030

HPF has as its charitable purposes:

Main activities and plans

During the year and following the appointment in late 2021 of a part-time Foundation Manager there has been an increase in activities to broaden the foundations’ activities and collaborative relationships. The priority has been to grow these in a sensible and organic manner, such that HPF is enhancing its role as a connector or facilitator of other relationships, conversations, and partnerships, thereby enabling HPF’s mission, ultimately, to reach and impact on a greater number of young people.

HPF’s principal activities now span:

Towards the end of the year, the HPF fundraising strategy was reviewed in advance of preparation of an updated fundraising strategy for the following year.

ACHIEVEMENTS AND PERFORMANCE

The following activities were carried out:

5

Docusign Envelope ID: E2743D43-A36D-4221-BA8A-540EA028F41C

Harrison/Parrott Foundation

Charity number 1186987; Charitable Incorporated Organisation number CE020030

  1. A panel podcast about the musical and cultural landscape of Bristol (where our flagship event, the Symposium, was held in 2023).

  2. Infographics surfacing the crisis relating to access to music education and uptake at GCSE & A- Level.

  3. Social media posts promoting the Symposium which was the culmination of Music Access Awareness Week.

  4. Music Awareness Week Symposium in November held at St. George’s in Bristol, which focussed on ‘Music Education at Scale’ – i.e. how to we effectively use limited resources to scale up successful projects and programmes to serve larger populations, given the scarcity of music educators, and musical instruments in schools.

  5. Research project “Barriers to and Drivers of Adolescent Arts” in collaboration with Goldsmiths, University of London and Curious Minds was published in 2023 in the Journal of Psychology of Aesthetics, Creativity, and the Arts. Advance online publication. https://doi.org/10.1037/aca0000576

  6. Over 5 staff were hired from our partner, Creative Access.

A young international violinist (Leia Zhu), also deeply committed to education and access, joined the small number of Patrons.

Further invitations were extended to Matilda Lloyd (trumpet) and Randall Goosby (violin) to come aboard as patrons of the Foundation. These invitations should come to fruition in 2024.

FINANCIAL REVIEW

Results for the period and reserves

Incoming funds for the period to 31 December 2023 totalled £37,459 of which £13,607 were restricted (2022 - £33,532). Expenditure, primarily on seconded staff donated by HPL totalled £31,502 (2022 - £30,965), leaving a fund balance of £24,825 at the end of 2023 (2022 - £19,063).

At this early point in the charity the Trustees continue to plan to develop the working reserves to enable future projects and initiatives to be planned, including a grant-making policy.

All funds held at 31 December are ‘free’ reserves and funds which are freely available to spend on the charity’s purposes. There were no restricted or designated funds at 31 December 2023.

Fundraising

HPL donated £10,000 (2022 - £10,000) during the period and provided donated services in the form of seconded personnel valued at £24,173 (2022 - £20,254). HPL has pledged £10,000 of funding for the 2024 financial year, and continued support in the form of seconded personnel. Additionally, the trustees plan during 2024 to develop a fundraising strategy to widen the charity’s income base.

Gift Aid

The charity has registered with HMR&C to enable it to claim gift aid on UK individual donations.

Statement of the Board’s responsibilities

The charity trustees (who are Board members) are responsible for preparing the Trustees’ report and accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the CIO and enable them to ensure that the accounts comply with the requirements of the Act and relevant accounting standards. They are also responsible for safeguarding the assets of the CIO and taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Board Members have no beneficial interest in the CIO.

6

Docusign Envelope ID: E2743D43-A36D-4221-BA8A-540EA028F41C

Harrison/Parrott Foundation

Charity number 1186987; Charitable Incorporated Organisation number CE020030

REFERENCE AND ADMINISTRATIVE DETAILS

Registered office and principal address South Wing Somerset House The Strand London WC2R 1LA Web address www.harrisonparrott.com/foundation E-mail address Lissy.kelleher-clarke@harrisonparrott.co.uk Bankers National Westminster Bank 106 Finchley Road London NW3 5JN Solicitors Russell-Cooke 8 Bedford Row London WC1R 4BX Independent Examiner Steven Wakefield ACA Dixon Wilson 22 Chancery Lane London WC2A 1LS Charity Trustees (and Board Members) at 31 December 2023 Jasper Parrott Chair Lorna Aizlewood Lydia Connolly Ken Fairbrother (Stepped Down 26 July 2024) Jonathan Kuhles Ruth Minton Tom Northey Samir Savant Officers and Staff at 31 December 2023 Anna Rodrigues Charity Secretary Catherine Fairlamb Charity Treasurer

Funds held as custodian trustees on behalf of others

No funds are held as custodian trustees on behalf of others.

7

Docusign Envelope ID: E2743D43-A36D-4221-BA8A-540EA028F41C

Harrison/Parrott Foundation

Charity number 1186987; Charitable Incorporated Organisation number CE020030

Declarations

As the gross income of the charity exceeds £25,000 in the accounting period there is a requirement by law to have an independent examination or audit.

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity trustees/Board Members

Signatures
Full names

Position
Date
Jasper William Parrott Samir Savant
Trustee Trustee
28 October 2024
28 October 2024

8

Docusign Envelope ID: E2743D43-A36D-4221-BA8A-540EA028F41C

Harrison/Parrott Foundation

Charity number 1186987; Charitable Incorporated Organisation number CE020030

Independent examiner’s report to the trustees of the Harrison/Parrott Foundation (‘the Foundation’)

I report to the trustees on my examination of the accounts of the Foundation for the year ended 31 December 2023.

Responsibilities and basis of report

As the charity trustees of the Foundation you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). You are satisfied that an audit is not required for this year under charity law and that an independent examination is needed.

I report in respect of my examination of the Foundation’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the accounts. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently, I express no opinion as to whether the accounts present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner’s statement.

Independent examiner’s statement

I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Foundation as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

STEVEN WAKEFIELD ACA Dixon Wilson 22 Chancery Lane London WC2A 1LS

2024

29 October

9

Docusign Envelope ID: E2743D43-A36D-4221-BA8A-540EA028F41C

Harrison/Parrott Foundation

Charity number 1186987; Charitable Incorporated Organisation number CE020030

Statement of financial activities for the year to 31 December 2023

Note
Income from:
4
Donations and legacies
Investments
Total
Expenditure on:
6
Raising funds
Charitable activities
Total
Net income /(expenditure)
Transfers between funds
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
Restricted
funds
2023
Total funds
2022
Total funds
£
£
£
£
23,701
13,607
37,308
33,504
151
-
151
28
23,852
13,607
37,459
33,532
195
-
195
556
16,870
14,632
31,502
30,409
17,065
14,632
31,697
30,965
6,787
(1,025)
5,762
2,567
(1,025)
1,025
-
-
5,762
-
5,762
**2,567 **
19,063
-
19,063
16,496
24,825
-
24,825
19,063

10

Docusign Envelope ID: E2743D43-A36D-4221-BA8A-540EA028F41C

Harrison/Parrott Foundation

Charity number 1186987; Charitable Incorporated Organisation number CE020030

Balance sheet at 31 December 2023

Note
Current assets:
Debtors and prepayments
8
Cash at bank and in hand
Total current assets
Liabilities:
Creditors: Amounts falling due within one year
9
Total net assets
The funds of the charity:
Restricted funds
Unrestricted funds
Total charity funds		 2023
Total funds
2022
Total funds
£
£
841
5,250
24,066
13,958
24,907
19,208
82
145
24,825
19,063
-
-
24,825
19,063
24,825
19,063

In accordance with the Charities Act 2011 and the charity’s constitution the charity was not required to obtain an audit or independent examination.

These accounts have been prepared in accordance with FRS 102 SORP.

Signed by a trustee on behalf of the
Board of Trustees		 Jasper William Parrott Date of approval
28 October 2024

11

Docusign Envelope ID: E2743D43-A36D-4221-BA8A-540EA028F41C

Harrison/Parrott Foundation

Charity number 1186987; Charitable Incorporated Organisation number CE020030

Notes to the accounts For the year to 31 December 2023

1 - STATUTORY INFORMATION

The Harrison/Parrott Foundation (HPF) is a Charitable Incorporated Organisation (CIO) incorporated and registered as a charity in 2019.

The registered office address and principal place of business is South Wing, Somerset House, The Strand, London WC2R 1LA.

2 - BASIS OF PREPARATION

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

These accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) which meet the requirements of the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.

3 - ACCOUNTING POLICIES

Income

Income is recognised when the charity becomes entitled to the resources, it is more than likely that the trustees will receive the resources, and the monetary value can be measured with sufficient reliability.

There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.

Income from grants and donations, whether ‘capital’ or ‘revenue’, is recognised when the general income recognition criteria are met. In the case of any performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met.

Legacies are included in the SOFA when receipt is probable, namely when there has been a grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met.

The charity has received no governments grants in the reporting period.

Donated services provided in the form of support on governance and carrying out the charitable activities from Harrison/Parrott Limited (HPL) personnel have been recognised as income in the SOFA based on the valuation provided by HPL, with an equivalent amount recognised as an expense under the appropriate heading. The time spent by HPL trustees has not been included in the SOFA.

The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.

Income from interest is included in the accounts when receivable and can be measured reliably.

12

Docusign Envelope ID: E2743D43-A36D-4221-BA8A-540EA028F41C

Harrison/Parrott Foundation

Charity number 1186987; Charitable Incorporated Organisation number CE020030

Expenditure and liabilities

Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable clarity.

Support costs have been allocated between governance costs and other support. Governance costs comprise all costs including public accountability of the charity and its compliance with regulations and good practice.

The charity has creditors which are measured at settlement amounts less any trade discounts.

The charity has no deferred income or provisions for liabilities at the balance sheet date.

The charity accounts for basic financial instruments on initial recognition as per paragraph 11.7 FRS 102 SORP.

Assets

The charity has no tangible fixed assets, intangible fixed assets, heritage assets, investments, or stocks.

Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discount or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.

Cash at bank and in hand is held to meet short-term commitments as they fall due. At the reporting date all cash was held in a business reserve account.

Fund accounting

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.

Unrestricted funds are donations and other incoming resources received or generated for charitable purposes.

Designated funds are unrestricted funds earmarked by the trustees for specific purposes.

As at the reporting date the charity has only unrestricted funds.

4 – INCOME

Analysis of income
Note
Donations and legacies
Donations and gifts
Donated services
5
Total
Income from investments
Interest income
TOTAL INCOME		 2023
2022
Unrestricted
funds
Restricted
funds
Total funds
£
Total funds
£
12,085
-
12,085
12,250
11,616
13,607
25,223
21,254
23,701
13,607
37,308
33,504
151
-
151
28
23,852
13,607
37,459
33,532

13

Docusign Envelope ID: E2743D43-A36D-4221-BA8A-540EA028F41C

Harrison/Parrott Foundation

Charity number 1186987; Charitable Incorporated Organisation number CE020030

5 – DONATED SERVICES

Seconded staff
Pro-bono independent examiner fees
Total		 Raising
funds
Charitable
activities
2023
£
2022
£
-
24,173
24,173
20,254
-
1,050
1,050
1,000
-
25,223
25,223
21,254

Donated services are provided from Harrison/Parrott Limited (HPL) personnel in the form of support on governance, finance and administration, and carrying out the charitable activities. Donated services are recognised at the point of delivery and valued at the respective employment cost to HPL. An equivalent amount is recognised as an expense under the appropriate heading. The analysis between raising funds and charitable activities is based on time allocation information provided by HPL.

The time spent by HPL personnel acting as trustees has not been recognised.

The value of voluntary help received from artists of HPL is not included as income in the accounts but is described in the trustees’ annual report.

6 – EXPENDITURE

Analysis of expenditure
Note
Expenditure on raising funds
Incurred seeking donations
Total
Expenditure on charitable
activities
Contribution to Open Up Music
Symposium
Support costs
7
Total
TOTAL EXPENDITURE		 2023
2022
Unrestricted
funds
Restricted
funds
Total funds
£
Total funds
£
195
-
195
556
195
-
195
556
5,000
-
5,000
5,000
254
1,025
1,279
2,855
11,616
13,607
25,223
22,554
16,870
14,632
31,502
30,409
17,065
14,632
31,697
30,965

14

Docusign Envelope ID: E2743D43-A36D-4221-BA8A-540EA028F41C

Harrison/Parrott Foundation

Charity number 1186987; Charitable Incorporated Organisation number CE020030

7 – ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES

Activity
Partner activities (Tri-Borough Music
Hub ‘Artists for Inclusivity’; Orchestras
for All; Open Up Music
Symposium
Finance and administration
Governance
Total		 Activities
undertaken
directly
Support costs
2023
2022
£
£
£
£
5,000
6,019
11,019
12,397
1,025
13,607
14,632
14,107
254
1,603
1,857
444
-
3,994
3,994
3,461
6,279
25,223
31,502
30,409

8 – DEBTORS AND PREPAYMENTS

Prepayments and accrued income
Other debtors
Total		 2023
£
2022
£
438
5,000
403
250
841
5,250

9 – CREDITORS AND ACCRUALS

Trade creditors
Total		 Amounts falling due
within one year
Amounts falling due
within one year
2023
2022
£
£
82
145
82
145

10 – TRUSTEE REMUNERATION

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (2022 – none).

No trustee expenses have been incurred.

15

Docusign Envelope ID: E2743D43-A36D-4221-BA8A-540EA028F41C

Harrison/Parrott Foundation

Charity number 1186987; Charitable Incorporated Organisation number CE020030

11 – RELATED PARTY TRANSACTIONS

During 2023 no donations were received from trustees without conditions (2022 – £1,000).

There have been no other related party transactions in the reporting period (2022 – none).

12 – STAFF COSTS AND EMPLOYEE BENEFITS

There are no staff employed by the charity.

16