THE LIEDER IN ENGLISH FOUNDATION FINANCIAL STATEMENTS 31 DECEMBER 2021
Charity Number 1193023
THE LIEDER IN ENGLISH FOUNDATION
FINANCIAL STATEMENTS
PERIOD ENDED 31 DECEMBER 2021
CONTENTS PAGE
Trustees Annual Report
Receipts and Payments accounts
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Trustees’ Annual Report for the period
From 7 January 2021 To 31 December 2021 Charity name: The Lieder in English Foundation
Charity registration number: 1193023
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The objects of the charity is to promote the public’s appreciation of the art of classical music by producing and publishing English- language versions of German classical songs (Lieder). To have them performed and recorded, and to make the recordings available to the public, so as to foster a wider appreciation of Lieder among non- German speakers. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
The charity organises and pays for : -the rescoring of German classical songs with English lyrics and -the professional recordings of these songs. These recordings are then made available to the public, free of charge, on the charity’s website and Youtube channels. They are also published on streaming services. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The charity has taken note of and had regard for the guidance on public benefit issued by the Charity Commission and uses this to meet its objectives and in the forward planning of the charity. Access to benefits is unrestricted within practical constraints of the public having access to technology to enjoy pre-recorded performances. |
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Additional information (optional) You may choose to include further statements where relevant about:
| SORP reference | ||
|---|---|---|
| Policy on grant making | Para 1.38 | n/a |
| Policy on social investment including program related investment |
Para 1.38 | n/a |
| Contribution made by volunteers |
Para 1.38 | n/a |
| Other | n/a |
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | During the period the charity was able to produce recordings of the following classical works: -The Trout -The Rose -Winter Journey -Elf King The Trout and the Rose are available on the charity’s Youtube site for the enjoyment of the public. The other recordings are available on streaming services. |
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | n/a |
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | n/a |
| Investment performance against objectives |
Para 1.41 | n/a |
| Other – Plans for Future Periods |
Despite a challenging year with production of material being a slow process, there have been developments since the year end with regards to the website. The Trustees are hopeful that the recording of the performance of the Winterreise will be available on both the Youtube channel and the website in the coming months. The Trustees are hoping to completely revamp the Youtube site at the same time as instituting the website. |
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Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The accounts are showing a surplus for the period of £610. The charity’s only current source of income is through donations. The charity’s outgoing resources represent the costs incurred in recording and producing the works of Lieder in support of the charity’s key objective. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The charity closely monitors the balance of the bank account held to ensure that sufficient funds are available as working capital for the production of any individual performance. The charity also looks to ensure sufficient funds are available to cover any one off costs that may arise. |
| Amount of reserves held | Para 1.22 | All the funds of the charity are unrestricted and can be used in accordance with the charitable objectives of the trustees and the charity does not have any stipulation on how these funds should be spent. The amount of reserves at the end of the period was £610, which is solely made up of unrestricted funds |
| Reasons for holding zero reserves |
Para 1.22 | n/a |
| Details of fund materially in deficit |
Para 1.24 | n/a |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | The charity is a going concern. |
Additional information (optional) You may choose to include further statements where relevant about:
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | The charity’s only current source of income is through donations. |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | n/a |
| A description of the principal risks facing the charity |
Para 1.46 | The Trustees have assessed the major risks to which the charity is exposed, in particular those relating to the operations and finances of the charity, and are |
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satisfied that systems and procedures are in place to mitigate our exposure to the major risks.
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 |
The Charity’s Constitution was adopted on 15th December 2020 . |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | The charity is a charitable incorporated organisation, registered on 7thJanuary 2021 |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | The trustees are nominated by existing Trustees having consideration of relevant skills, knowledge and experience needed for the effective administration of the CIO. |
Additional information (optional) You may choose to include further statements where relevant about:
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | The prospective Trustee will meet all the Trustees. Copies of the incorporation document, recent annual reports and accounts together with relevant Charity Commission publications are made available as required. Training is provided as required. |
|---|---|---|
| The charity’s organisational structure and any wider network with which the charity work |
Para 1.51 | n/a |
| Relationship with any related parties |
Para 1.51 | In the financial period ended 31 December 2021 £15,133 was received in donations from Oliver Wright, a Trustee. In addition payments were made to Oliver Wright, for the reimbursement of production costs totalling £218. The initial costs incurred establishing the charity were born by Oliver Wright, a trustee, personally. When the charity was established it proved difficult for the Trustees to open a bank account due to the restrictions imposed by the Covid 19 pandemic. Due to that fact the income was held in a bank account of the Trustee. A Trust deed was prepared at |
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| that time stating all funds in that account belonged to the named Charity. |
||
|---|---|---|
| Other: Average number of employees |
The charity had no employees during the period. During the period no remuneration or Trustee expenses were paid. |
Reference and Administrative details
| Charity name | The Lieder In English Foundation |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1193023 |
| Charity’s principal address | Sylvatica Hids Copse Road Oxford OX2 9JJ |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 |
Trustee name | Office (if any) | Dates acted if not for whole **year ** |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Oliver Wright | Chairman | Appointed 9 June 2020 | ||
| Kathleen Eldridge | Appointed 9 June 2020 | |||
| Eamonn Barrett | Appointed 9 June 2020 | |||
Funds held as custodian trustees on behalf of others
| Description of the assets held in this capacity |
n/a |
|---|---|
| Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects |
n/a |
| Details of arrangements for safe custody and segregation of such assets from the charity’s own assets |
n/a |
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Additional information (optional)
Names and addresses of advisers (Optional information)
| Type of adviser |
Name | Address |
|---|---|---|
| Independent examiners |
Vineyard Accountants Ltd |
5 The Chambers, Vineyard, Abingdon-on-Thames, Oxon |
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
| Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date |
||
|---|---|---|
| OLIVER WRIGHT | KATHLEEN ELDRIDGE | |
CHAIRMAN |
||
| 04/07/2022 | ||
| 04/07/2022 |
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THE LIEDER IN ENGLISH FOUNDATION
RECEIPTS AND PAYMENTS ACCOUNTS PERIOD ENDED 31 DEEMBER 2021
Section A Receipts and payments
| A1 Receipts | Unrestricted funds £ 15,133 15,133 |
Unrestricted funds £ 15,133 15,133 |
Restricted funds £ - - |
Restricted funds £ - - |
Endowment funds £ - - |
Endowment funds £ - - |
Total funds £ 15,133 - - - - - - - - 15,133 |
Total funds £ 15,133 - - - - - - - - 15,133 |
Last year £ |
|---|---|---|---|---|---|---|---|---|---|
| Donations | 15,133 | ||||||||
| Sub total(Gross income for AR) | 15,133 | - | |||||||
| A2 Asset and investment sales proceeds | |||||||||
| - | - | - | - | - | |||||
| Sub total Total receipts A3 Payments |
- | - | - | - | - | ||||
| - | |||||||||
| Production expenditure | 4,773 | ||||||||
| Musician fees | 9,750 | ||||||||
| **Sub total ** | 14,523 | - | |||||||
| A4 Asset and investment purchases | |||||||||
| - | - | - | - | ||||||
| Sub total Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end |
- | - | - | - | - | ||||
| - | |||||||||
| 610 | 610 | - | |||||||
| - | - | - | |||||||
| - | - | ||||||||
| 610 | 610 | - |
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THE LIEDER IN ENGLISH FOUNDATION
RECEIPTS AND PAYMENTS ACCOUNTS PERIOD ENDED 31 DEEMBER 2021
Section B Statement of assets and liabilities at the end of the period
| Categories B1 Cash funds B2 Other monetary assets B3 Investment assets B4 Assets retained for the charity’s own B5 Liabilities Signed on behalf of the charities Trustees Kathleen Eldridge Trustee Name Oliver Wright (agree balances with receipts and payments account(s)) Total cash funds Details Cash in Hand |
Unrestricted funds Restricted funds £ £ 610 - - - - 610 - OK OK Unrestricted funds Restricted funds £ £ - - - - - - Fund to which asset belongs Cost (optional) - - - Fund to which asset belongs Cost (optional) - - - - Fund to which liability relates Amount due (optional) - - - Signature |
Endowment funds £ |
|---|---|---|
| - | ||
| - | ||
| - | ||
| - | ||
| - | ||
| OK | ||
| Endowment funds £ |
||
| - | ||
| - | ||
| - | ||
| Current value (optional) |
||
| - | ||
| - | ||
| - | ||
| Current value (optional) |
||
| - | ||
| - | ||
| - | ||
| - | ||
| When due (optional) |
||
| Date | ||
| 04/07/2022 | ||
| 04/07/2022 |
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