Unaudited Flnanclal Statements
for the Period l October 2023 to 30 September 2024
(fourth set of accounts)
for
THE CHERYL KING TRUST
Registered Charity number 1191604
Contents
Trust Inform3tion...-.......
Trustees Report..............
Receipts and Payments......
Balance Sheet..........
NOTES............
Appendix- Independent Examiner's Report

THE CHERYL KING TRUST
Trust Information
TRUSTEES:
M E Windham (Chairl
C W Grant
A J Hennessey-Brown
P J Brayne (resigned 20 April 20241
SECRETARY: C W Grant
TREASURER: P J Brayne
REGISTERED ADDRESS:
24 Litchfield Wav
Guildford
Surrey
GU2 7QH
The Cheryl King Trust was registered with the Charity Commission on 2 October 2020,
following submission of a 'Constitution of t7 Charit(Jble Incorporated Organisotion whose only
voting members are its chority trustees ('Foundation' model constitution),, dated 16
September 2020. The CIO took over all the activities and the funds from an unregistered trust,
'The Cheryl King (Hir5tl Trust. which was then wound up.
The object of the Charitable Incorporated Organisation ICIOI is For the public benefit to
promote Gnd advonce the musical education of children and young people (the 'beneficiaries'J
in particular. but not exclusively. by the provision of grants and funding to enoble the
beneficiaries to stort or continue with individual or group musical instrument lessons.
Page 2

THE CHERYL KING TRUST
Trustees Report
Vision and Mission
The Charity was set up in memory of Cheryl King who played alto sax and piano and was a
very gifted and popular music teacher. She tragically passed away just before Christmas 2014.
The Trust's aim is that no young person in Surrey should be prevented from learning a musical
instrument because their parents or guardians cannot afford it.
The trust seeks to achieve this by bursaries for individual and group instrument and singing
lessons and grants for music and vocal ensembles which target children and young people
aged 18 or under living In Surrey wnose parents have iuw li ICOI 5 ies
Charitable Activities
In the period from l October 2023 up to 30 September 2024, the trust has undertaken the
following charitable activities..
We provided funding of £11,680 for individual bursaries to 39 students.
In addition to the above, as last year, the trust funded two young musicians through
Young Sounds UK (formerly Awards for Young Musicians) and one through the Future
Talent Junior Programme- however the payment for the later was still outstanding 3t
the end of the financial year.
We were able to 5UPPOrt two group teachin8/ensemble projects during the 2023124
academic year with total funding of £2,495- a group Strings tuition project for children
in year 4 of a Guildford prirnary school; a wind ensemble for year 7 in a Dorking
secondary school. This enabled us to help an additional 45 young people to make
music over the course of the 2023124 academic year; at the end of the financial year
we committed to fund a third group teaching project for brass players in 3 secondary
school on the Bellf ields Estate in Guildford.
Fund Raising
The trust continued to increase the amounts of funds raised notwithstanding the ending of
funding from the Guildford Spring Music Festival which had donated its final remaining
reserves to the Trusts in the previous financial year.
Our'give a gig" initiative continued to thrive with local music groups in Surrey raising £12,020
from a total of 11 events and Guildford Jazz's regular raffles. A highlight of the year was our
role as charity partner to G Live's International Concert Series.
We greatly expanded funds from donations from individuals on the back of a highly successful
fundraising event at the Guildford County Club in April 2024 and a sponsored cycle ride from
Surrey to Italy.
For the first time we successfully applied for a restricted grant from a local trust giving us £698
to f und bursaries for two young Guildford based musicians.
Finances and Reserves
During the year, the Trust had total receipts of £28,652 lup from £ 23.488 in 2022-231 and
payments of £15,126 lup from £11,422 in 2022-231 of which only £351 was for administrativo
costs and not used directly for funding bursaries or ensemble projects.
As of l October 2024, we liave reserve5 of £33,143.
Page 3

THE CHERYL KING TRUST
The Trustee5 recognize their responsibility to maintain sufficient reserves so that the young
people who are the beneficiaries of the trust's charitable activity do not experience disruption
in their musical development. It is therefore the ambition of the charity to cre3te and
maintain reserves sufficient to ensure that the trust can continue to fund lessons for any child
or young person whose parents receive a CKT bursary until that child or young person reaches
the end of their junior or senior school as appropriate and can f und any ensemble or group
teaching projects currently being funded for one more year in order to allow time for the
project to try to secure alternative funding. The current level of reserves is essentially in line
with this policy.
Future
The resources available to help young people make music continue to decline and many
parents continue to struggle with the cost-of -living crisis. Both pressures disproportionately
affect parents on low incomes with the county music services under growing pressure to
reduce the support they provide for young people on free school meals.
Against that background we are aiming by 2026 to double the number of children and young
people from low-income families that we support to and double the grant money that we
provide for group teaching and ensemble projects targeting those children and young people.
,/,/
Zoz
M E Windham- Chair
Page 4

THE CHERYL KING TRUST
Receipts and Payments
for the Period l October 2023 to 30 September 2024
RECEIPTS
2023-24
2022-23
Unrestricted
Restrtcted
Funds raised by events
Donations frorn individuals
Donations from Trusts
Gift Aid reclaim
Bank Interest
£ 12,020
14,348
13,886
2, 762
6,464
306
698
1,321
265
70
Total Receipts £ 27,954
698
23,488
PAYMENTS
Unrestricted
Restricted
Individual Bursary Awards
Future Talent Bursary
Awards for Young Musicians Bursary
Special Projects
Administration Costs
£ 10,982
600
698
8,153
600
750
2,495
351
1.570
349
Total Payments £ 14,428
698
Jl,422
SurplusllDeficitl for the period
Balance brought forward
13,526
19.617
12,066
7,551
33,143
19,617
Page 5

Ib y4J>•
Ill l*¥ J!,.,
rMrD &•rn
(.•ah •1 b•ntr l•p• noip Zl
Nl I r Iinni't41 A551TS
Ini Al ASSfT5 L155 CURRI-NI I.1￿111T{[s
4 1!,lJJ
NI I ASSI TS
1 11,141
IINIII'5fHIC TI D I'.UNDS
I I'J41
I li¢, Iinxiii'iil il*l&*ments wtrt bw a• I I 1011 •MI -I￿￿tI
01) 115 boliall bv.
M I Wiiidham- Ch•ii
Pw6

THE CHERYL KING TRUST
NOTES
l. Donations from Trusts
Although the Trust income of £698 was restricted, it was expended in the same year as it
was received and therefore not restricted income is carried forward into the coming year.
2. Cash at Bank
Metro Bank Current Account-
£ 2,397
Metro Bank Instant Access-
-£ 30,746
Total
£ 33,143
3. Creditors
We hold two invoices, unpaid as of 30 September 2024.
Surrey Arts Ire Christ's College Special Project}-
Awards for Young Musicians (late invoicel-
-£472
-£ 750
Total
£ 1,222
End.
Page 7

CHARITY COMMISSION
| FOR ENGLAND AND WALES |
Independent examiner's
report on the accounts
Section A
Independent Examiner's Report
Report to the trustees1
members of
fk4E CfriLrtYi KINC. fIN￿.)T
On accounts for the year
ended
Charity no
(if anyi
Set out on pages
I report to the Ifustees on my examination of the accovnts of the above
charty Ilhe Trust") for the year ended ,4 ' 1 C> g I icL*
Responslbllltles and As the charity tfuslees of the Trust, you are responsible the preparation
basis of report of the accounts in aecordance with the requirements of the Charrties Act
2011 fthe Acri.
I report in respect of my examination of the Trust's accounts carried out
under section 145 of the 2011 Act and in carrying out my examination. I
have followed the applicable Directions given by the Charty Comrnission
under section 14515llbl of the Act.
I have completed my examination. I confirm that no material matters have
come to my attention {
} in connection with
the examination which gNes me cause lo believe that in, any material
respect.
accounting records were not kept in aecordants wth section 130 of
the Act or
the accounts do not accord with the accountin9 records
Independent
examinerfs statement
I have no eoneems and have come across no other matters in conneelion
with the examination to which attention should be drawn in order lo enable a
proper understanding of the accounts to be reache(S.
Please delele the vvords in Ihe brackets if they do not apply.
Slgned:
Date:
Name:
A. w. Lr
Relevant professlonal
qualificationlsl or body
Ilf any):
Fci
Address:
&K)i W LA
IER
October 2018

Sectlon B
Disclosure
Only complete rf the examiner needs to highlight matters of concern (see CC32.
Independent examination of charity accounts.. directions and guidance for
examineTSI.
Give here brief details of
any items that the
examiner wishes to
disclose.
IER
October 2018