| Page | |||
|---|---|---|---|
| Administrative | Information and Trustees' |
Report | 1-3 |
| Statement of | Financial Activities | ||
| Balance Sheet | |||
| Notes | 6-8 | ||
| Schedule ofMusical Instrument | |||
| Independent | Auditor's Report |
10-12 |
| Administrative | Information | Information | |
|---|---|---|---|
| Principal Office gr Administrator: | Ms JoWhite | ||
| 47 Olive Road | |||
| London | |||
| NW2 6UE | |||
| Bankers: | CAF Bank Ltd | ||
| 25 Kings Hill Avenue | |||
| Kings Hill, West Mailing | |||
| Kent ME194JQ | |||
| Investment | Advisers: | Cazenove Capital Management | |
| I Wall Place | |||
| London | |||
| EC2Y 5AU | |||
| Independent | Auditors: | Couch Bright King &Co | |
| 2 Tolherst Court, Turkey Mill Business Park | |||
| Ashford Road | |||
| Maidstone, Kent |
|||
| ME14 5SF | |||
| Registered Charity No. | 1191904 | ||
| Trustees: | |||
| The Trustees | during the period were: | Charles Theodore Sydney Beare —resigned 31.08.21 | |
| Peter William Richard Beare | |||
| David Eric Long —resigned 31.01.22 | |||
| Andrew John Sindall | |||
| Norman Harold Starritt |
|||
| David ABen Woodrow Waterman | |||
| Lesley Clare Hatfield —appointed 07.12.21 | |||
| John Spencer McCuin —appointed 07.12.21 |
| 2022 | |||||
|---|---|---|---|---|---|
| Note | Total | ||||
| Unrestricted | |||||
| Funds | |||||
| Income | |||||
| Investment Income |
446,289 | ||||
| Total Income | 446,289 | ||||
| Expenditure | |||||
| Grants Payable | 171,600 | ||||
| Support Costs | 46,636 | ||||
| Total Expenditure | 218,236 | ||||
| Net income before investment | gains | 228,053 | |||
| Loss on disposal | ofmusical instruments | 7& | 11 | (39,305) | |
| Net gains on investments | 6 | 182,815 | |||
| Net Movement | in Funds | 371,563 | |||
| Balance brought | forward | ||||
| Transferred 23.11.20 | 14,344,690 | ||||
| Balance carried | forward at31"March | 2022 | f, 14,716,253 |
| Note | 2022 | 2022 | 23.11.20 | |||||
|---|---|---|---|---|---|---|---|---|
| g | ||||||||
| Fixed Assets | ||||||||
| Investments | 6 | 14,719,458 | 3,531,373 | |||||
| Musical Instruments | 7dt 11 | 10,768,071 | ||||||
| 14,719,458 | 14,299,444 | |||||||
| Current Assets | ||||||||
| Cash at Bank | 785 | 50,444 | ||||||
| 785 | 50,444 | |||||||
| Creditors: Amounts | falling due within | one year | ||||||
| Creditors | 9 | (3,990) | (5,198) | |||||
| Net Current | (LiabiTittes) | / Assets | (3,205) | 45,246 | ||||
| Total Net Assets | f. | 14,716,253 | K 14,344,690 | |||||
| Charity Funds | ||||||||
| Unrestricted | Funds | 14,716,253 | 14,344,690 | |||||
| Total Charity | Funds | f, | 14,716,253 | K 14,344,690 | ||||
| Approved by |
the Trustees | on | ||||||
| Date: 31"October 2022 | ||||||||
| Andr w John |
Sindall | n | encer McCuiu |
| T | HE | ED31sr | H2 22 | |||
|---|---|---|---|---|---|---|
| 2022 | ||||||
| Grants Payable | ||||||
| Chamber Studio |
17,000 | |||||
| Chetham's School ofMusic |
6,000 | |||||
| East Neuk Festival | 1,500 | |||||
| Foundation for Young Musicians |
5,600 | |||||
| Future Talent | 6,000 | |||||
| The Guildhall School Trust |
20,800 | |||||
| IMS Prussia Cove | 26,900 | |||||
| Magdalen Farm Strings |
4,100 | |||||
| Making Music, Changing | Lives | 5,000 | ||||
| Music Works | 14,000 | |||||
| Purcell School | 6,000 | |||||
| Royal Academy ofMusic | 20,000 | |||||
| Royal Northern College |
ofMusic | 24,000 | ||||
| The Tunnell Trust for Young Musicians | 5,500 | |||||
| Wells Cathedral School |
4,200 | |||||
| Yehudi Menuhin School |
5,000 | |||||
| 171,600 | ||||||
| Management and Administration |
of | the Charity | ||||
| Legal Fees —on establishment | ofthe CIO | 5,100 | ||||
| Audit Fees 2022 | 3,000 | |||||
| Investment Management |
Fees | 35,677 | ||||
| Insurance (refund) |
(198) | |||||
| Administration Fee |
2,540 | |||||
| Information Commissioner |
Registration | Fee | 35 | |||
| Sundry Expenses | 482 | |||||
| 46,636 | ||||||
| Investment Income |
||||||
| Interest received | 58 | |||||
| Unit Trust distributions | received | 446,231 | ||||
| 446,289 |
| 2022 | 23.11.20 | |
|---|---|---|
| Investments listed on a recognised Stock Exchange |
||
| Market Value at start ofperiod | 3,531,373 | |
| Transferred to CIO 23.11.20 |
3,531,373 | |
| Additions in the period |
10,618,072 | |
| Increase in market value | 182,815 | |
| Market value at31.03.22 | 14,332,260 | 3,531,373 |
| Cazenove Income Account | 387,198 | |
| Total Investments | 14,719,458 | 3,531,373 |
| Value at start ofperiod | 10,768,071 | |
|---|---|---|
| Transferred to CIO 23.11.20 |
10,768,071 | |
| Disposal proceeds | (10,728,566) | |
| Loss on disposal | (39,305) | |
| Market value at31.03.22 | 10,768,071 | |
| Cash at Bank | ||
| CAF Bank | 785 | 13,857 |
| Cazenove Income Account | 36,587 | |
| 785 | 50,444 |
| Creditors | |||
|---|---|---|---|
| Couch Bright | King &Co —05.04.2020 | 2,100 | |
| Couch Bright | King &Co —23.11.2020 | 2,100 | |
| Couch Bright | King &Co —Audit 2022 | 3,000 | |
| Administrator | Fees &Expenses | 990 | 998 |
| 3,990 | 5,198 |