## **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
**1**
**7**
## **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.|
1
## **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.|
2
## **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|
3
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|
4
|||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|
5
## **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||
6
## **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**||**-**|
7
**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|
8