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||||Page|
|---|---|---|---|
|Administrative|Information<br>and Trustees'|Report|1-3|
|Statement of|Financial Activities|||
|Balance Sheet||||
|Notes|||6-8|
|Schedule ofMusical Instrument||||
|Independent|Auditor's<br>Report||10-12|





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|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,<br>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<br>Harold Starritt|
||||David ABen Woodrow Waterman|
||||Lesley Clare Hatfield —appointed 07.12.21|
||||John Spencer McCuin —appointed 07.12.21|



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||||||2022|
|---|---|---|---|---|---|
||||Note||Total|
||||||Unrestricted|
||||||Funds|
|Income||||||
|Investment<br>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|






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|||||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<br>by|the Trustees||on||||||
|Date: 31"October 2022|||||||||
|Andr<br>w John|Sindall|||||n|encer McCuiu||





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|||T|HE||ED31sr|H2 22|
|---|---|---|---|---|---|---|
|||||||2022|
|Grants Payable|||||||
|Chamber<br>Studio||||||17,000|
|Chetham's<br>School ofMusic||||||6,000|
|East Neuk Festival||||||1,500|
|Foundation<br>for Young Musicians||||||5,600|
|Future Talent||||||6,000|
|The Guildhall<br>School Trust||||||20,800|
|IMS Prussia Cove||||||26,900|
|Magdalen<br>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<br>College|ofMusic|||||24,000|
|The Tunnell Trust for Young Musicians||||||5,500|
|Wells Cathedral<br>School||||||4,200|
|Yehudi Menuhin<br>School||||||5,000|
|||||||171,600|
|Management<br>and Administration||||of|the Charity||
|Legal Fees —on establishment|||ofthe CIO|||5,100|
|Audit Fees 2022||||||3,000|
|Investment<br>Management|Fees|||||35,677|
|Insurance<br>(refund)||||||(198)|
|Administration<br>Fee||||||2,540|
|Information<br>Commissioner||Registration|||Fee|35|
|Sundry Expenses||||||482|
|||||||46,636|
|Investment<br>Income|||||||
|Interest received||||||58|
|Unit Trust distributions|received|||||446,231|
|||||||446,289|



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||2022|23.11.20|
|---|---|---|
|Investments<br>listed on a recognised Stock Exchange|||
|Market Value at start ofperiod|3,531,373||
|Transferred<br>to CIO 23.11.20||3,531,373|
|Additions<br>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|



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|Value at start ofperiod|10,768,071||
|---|---|---|
|Transferred<br>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|





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