Unaudlted Finandal 5LHtements for the Period 2 October 2020 to 30 September 2021 {first set of accounts) for THE CHERYL KING TRUST Registered Charity number 1191604 Contents Trust Infomatlon......-... Trustees Report...........-............ Receipts and Payments.................................. Balance Sheet.... Appendix- Independent Examinerfs Report THE CHERYL KING TRUST Trust Information TRUSTEES: M E Windham (Chair) C W Grant S J Parker (retired 16 May 2021) A J Hennessey-Brown P J Brayne SECREfARY: C W Grant REGISTERED ADDRESS: 24 Litchfield Way Gulldford Surrev GU2 7QH The Cheryl King Trust was reglstered wlth the Charity Commission on 2 October 2020. followin8 submlsslon of a 'Constltution of o Chorltoble Incorpon7ted Organi5ation whose only voting members ore Its chority trustees ('Foundatlon' model constltution),. dated 16 September 2020. The object of the Charitable Incorporated Or8anisatlon (CIO) is "For the public benefit to promote and advance the muslcol educatlon of children and young people (the eneficiaries,) in particulor, but not exclusively, by the provision of gmnts and fvndlng to enable the beneficiaries to Start or continue with individual or qroup musical instrument lessons.. The CIO took over all the activities and the fvnds from an unregistered trust, Yhe Cheryl Kin8 (Hirst) Trust, which was then wound up. Page 2 THE CHERYL KING TRUST Trustees Report The Cheryl King Trust's alm is that no young person In Surrey should be prevented from learning a musical instrument because their parents or guardians cannot afford It, or through a lack of inspiration. This is achieved by providin8 bursaries for instrument or singing lessons and grants for performance5 that inspire youn8 people to take up music lessons. The Charlty Is named after Cheryl Klng who played alto sax and piano and was a wonderful musician and a very gifted and popular music teacher. She tragically passed away just before Christmas 2014. The Trust was set up in her memory to provide financlal asslstance for musical education for children and youn8 people. The current focus of the trust is to provide fvnding or ctrfunding to enable chlldren and youn8 people a8ed 18 and under to start or contlnue with indlvidual or group muslcal instrument or singlng lessons who may not otherwise be able to do so. It has been a very difficult year dueto the COVID pandemic which caused the cancellatlon of most face-to-face lessons. Although many were able to revert to onllne Instructlon, for some this was not Possible. In the period from 2 October 2020 up to 30 September 2021, the trust has undertaken the following diarltable actlvtties: During the year, the Trust had commitments to fund 22 youn8 people in association with 5urrey Arts. 19 students were able to receNe Instruttion, amountln8 to a total of £3,500 of support. The Awards for Youn8 Muslclans {AYMI "Cheryl King Award": AYM have been runnin8 their annual Awards pro8ramme for 18 years and to date have given Awards to more than I,(X)O exceptlonal youn8 muslclans, many of whom have 8one on to prestlglous music colleges and become professional musicians. Each year those In need of financial support t¢)wards the next step In thelr muslcal pro8ression can apply for the award and as well as provldlng financial assistance, AYM supports Award winners by provldln8 advice, 8uidance and access to a range of music-makin& mentorlng and performance opportunities throughout the Award year. We are deli8hted to have supported two students with the AYM Cheryl King Award. Support for the Future Talent Fled8llng Programme: Future Talent supports gifted youn8 musicians up to age 18 from challen8in8 back8rounds who need 8uidance to enable them to flourlsh on thelr musical journey. The Trust supported a bursary towards the Fledglin8 Pro8rammin8for younger muslcians. The trust had co-funded wlth Surrey Arts a visit from the National Youth Jazz Orchestra to provide inspirational performances and workshop5 for local state schoo15 in March. In the event the wstt had to be postponed because of the COVID pandemic but It thls has now been rescheduled forjanuary and February 2022. Future The Trustees fomied the Cheryl King Trust lout of the former, unregistered Cheryl King (Hlrstl Trust) In order to increase the number of chlldren and young people that could benefit, knowing that the resource5 provided by the state are In decline. We belleve many Page 3 THE CHERYL KING TRUST children in Surrey are unable to experience the joy of making music because of financial disadvantage. We all know the joy that listening to and making music brings to us. It's Particularly Important for young people. Muslc tultlon from a young age Improves literacy. problem- solving skills. confidence, resilience and creativty. Music is even more important given the pressures all young people face today. To this end we are increasing our fundraising activity and extending our partnerships so that more children and young people can experience the life changing impact of music in their lives. We are delighted to be working with the National Youth Jazi Orchestra and Surrey Arts, delivering some inspirational events at several Surrey Schools in early 2022. We are also planning to double our 5pendinE in the coming year. Reserves The Trustees recognise their responsibility to retain sufficient reserves to ensure our beneficiaries do not experience a sudden break in their funding. To thi5 end, the Trustees plan to maintain a reserve equivalent to one yearfs funding commitments. M E Windham- Chair Pa8e 4 THE CHERYL KING TRUST Receipts and Payments for the Period 2 October 2020 to 30 September 2021 RECEIPTS Donation from The Cheryl King {Hirstl Trust £ 4,8821 Funds ralsed by events £ 3.261 Donations from individuals £ 2.472 Total Receipts £10,615 PAYMENT5 Surrey Arts Bursary Awards £ 3,500 Future Talent 8ursary £500 Awards for Young Musicians Bursary - -£5LK) Admlnlstratlon Costs £111 Total Payments £ 4,611 Surplus/lDeficitl for the period £ 6.(N)4 Balance brought forward - Totals funds as of 30 September 2021 £ 6,004 ' The Cheryl King (Hirstl Trust ceased once The Cheryl King Trust had ￿$te￿d with the Charity COMMI￿10￿ and passed all Its actlvltles and fvnds to the new charty- Page 5 THE CHERYL KING TRUST Balan￿ Sheet 30 September 2021 31 Sep 2021 FIXED ASSETS Tangible Assets CURRENT ASSErs Debtors Cash at bank- £ 6,LIM CREDITORS Amounts falllng due wlthln one year NET CURRERNT ASSETS - £ 6,004 TOTAL ASSETS LESS CURRENT LIABILITIES £ 6,Ll NET ASSETS -__--- £ 6,CX)4 The financial statements were approved by the Trustees on 6 January 2022 and were signed on its behalf by: M E Windham- Chair End. Pa8e 6 CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trusteegl members of The Cheryl King Trust On accounts for thè year ended 30° September 2021 Charlty no Ilf any) 1191604 Set out on pago• 1to6 I report to the trustees on my examinats'on of the accounts of the above charity fthe Tru8f) for the year ended 30ffjgn021. Responslbllftles and As the ¢harty trustees of th8 Trus( you are responsibl8 for the preparation basis of roport of the accounts in accordance with tha requirements of tho Chariti88 Act 2011 (kneAGn. I report in respact of my examination of th• Trusys a¢eounts earried out under sectlon 145 of Ihe 2011 Acl and In cafrylng out my examlnatlon. I have followed the applicable Dlrections glven by the Charlty Commission under section 145(5)(b) of the ACL I have completed my exarninalion. I confimi that no materfal matters hava come to my attention ") in connection with the examlnation whlch gives me rause to believe that In. any material respgct.. accounting records were not kept In ac¢ordan¢x with 8ection 130 of the Act or the accounts do not accord with th• accountirg record8 Independent examlnerf8 Statement I have no Concems and have come across no other matters in Connection wrth thè examination to which attention should be drawn in order to 8nable proper understsn of the accounts to be reached. . Pl88se de words in the brackets rfthey do not apply. Slgned." Dato: 2" March 2022 Nam•: Rogan Dixon R•l•vant prof•Mlonal l FCMA quallflcatlon(8) or body (If any): Address: l Dapples Lane Cranleigh. Surrey GU6 8FS Section B Disclosure Only complete rf the examiner needs to highlight matters of concem (see CC32, Independent axaminab.on of chanty accounts.. direth.ons and auidance for oxaminers).