2022-12-31-accounts - The Susanne Beer Cello Corner Foundation

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Trustees’ Annual Report for the period

From 26 July 2023 Period start date To 31 December 2022 Period end date

Charity name: The Susanne Beer Cello Corner Foundation

Charity registration number: 1195303

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	The charitable purpose of the Foundation is: For the public benefit, the advancement of the art of music and the study of the cello for young musicians under the age of 26 years by such means as the trustees determine from time to time.
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	Including but not limited to: 1. The loan of cellos to individuals 2. Awarding such persons grants to further their musical education 3. The provision of workshops, masterclasses and public performances
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The Trustees confirm that they have had regard to the guidance issued by the Charity Commission on public benefit.

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38

Contribution made by volunteers Other

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	The Foundation has played an important role in the local and wider community in: 1. Loaning instruments to young students who would find it financially difficult to access such instruments; 2. Providing financial assistance in the form of grants to assist those students who would financially struggle to continue to pursue their musical education; and 3. Allowing students to participate in musical concerts in support of professional musicians to grow their confidence and musical knowledge.

Additional information (optional) You may choose to include further statements where relevant about:


Achievements against objectives set	Para 1.41
Performance of fundraising activities against objectives set	Para 1.41
Investment performance against objectives	Para 1.41
Other

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	As at 31 December 2022, the Foundation had a positive cash balance of £7,548 driven mainly by donations and after having invested £4,500 in additional instrument purchases to be able to loan more instruments to financially disadvantaged students. The Foundation is now starting to award grants for musical education assistance. We expect to award more grants going forward as more students become aware of the Foundation through various concerts held and sponsoring awards at well respected musical festivals (North London Music Festival) for young students.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	Reserves are not currently held as outgoings are never expected to exceed income. This balance is carefully monitored by the Trustees and this approach will be reviewed periodically.
Amount of reserves held	Para 1.22	Not applicable.
Reasons for holding zero reserves	Para 1.22	See above.
Details of fund materially in deficit	Para 1.24	The Foundation fund is not in deficit and has a positive cash balance at the end of the period with immaterial liabilities.
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	There are no concerns about the charity continuing as 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
Investment policy and objectives including any social investment policy adopted	Para 1.46
A description of the principal risks facing the charity	Para 1.46
Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed,royal charter)	Para 1.25	Charitable Incorporated Organisation (CIO) – Foundation Model Constitution
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	The Foundation has been established as a Charitable Incorporated Organisation (CIO).
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 appointed by the CIO. Trustees are selected on the basis of what contribution they can make in the achievement of the CIO’s objectives.

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 charity’s organisational structure and any wider network with which the charity works	Para 1.51
Relationship with any related parties	Para 1.51
Other

Reference and Administrative details

Charity name	The Susanne Beer Cello Corner Foundation
Other name the charity uses
Registered charity number	1195303
Charity’s principal address	179 Offord Road London N1 1LR

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Dates acted if not for whole year
Glen Thomas	Trustee - Treasurer	From 26 July2021
Heather Tuach	Trustee - Chairperson	From 26 July 2021
Jan Cowell	Trustee - Secretary	From 31 December 2022

– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity

Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)
Type of adviser Name Address




Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

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) Glen Thomas Position (eg Secretary, Treasurer - Trustee Chair, etc) Date 25 September 2022

THE SUSANNE BEER CELLO CORNER FOUNDATION 1195303 Receipts and payments accounts CC16a For the period Period start date Period end date To from 26-Jul-21 31-Dec-22

Section A Receipts and payments	Section A Receipts and payments
A1 Receipts	Unrestricted funds to the nearest £ 8,939 2,242 1,801 1,675 - - 14,657 1,100 - 1,100 15,757 2,010 400 459 486 354 - - - 3,709 4,500 - 4,500 8,209 7,548 - - 7,548	Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Endowment funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Total funds to the nearest £ 8,939 2,242 1,801 1,675 - - - - 14,657 1,100 - 1,100 15,757 2,010 400 459 486 354 - - - - 3,709 4,500 - 4,500 8,209 7,548	Last year to the nearest £
LPO Hosted Virgin MoneyGiving page	8,939				-
Concert Fundraising	2,242				-
Royalties(Legacy)	1,801				-
Donations	1,675				-
					-
					-
	-				-
	-				-
*Sub total*(Gross income for AR)	14,657				-

A2 Asset and investment sales, (see table).
Instrument sales	1,100
	-				-
*Sub total*	1,100				-
*Total receipts* A3 Payments
					-

Instrument Repairs	2,010				-
Grants / Educational Assistance	400				-
Concert Prizes	459				-
Instrument Insurance	486				-
Miscellaneous purchases, e.g. cello cases	354				-
					-
	-				-
	-				-
	-				-
**Sub total **	3,709				-

A4 Asset and investment purchases, (see table)
Instrument Purchases	4,500
	-
**Sub total **	4,500				-
*Total payments* *Net of receipts/(payments)* A5 Transfers between funds A6 Cash funds last year end *Cash funds this year end*
					-

	7,548	-	-	7,548	-
	-	-	-	-	-
	-	-	-	-	-
	7,548	-	-	7,548	-

CCXX R1 accounts (SS)

Section B Statement of assets and liabilities at the end of the period

Categories Signed by one or two trustees on behalf of all the trustees B1 Cash funds B2 Other monetary assets B4 Assets retained for the charity’s own use B5 Liabilities B3 Investment assets	Signature Instrument Deposits Details Details Instrument Purchases Main Bank Account Details Details *Total cash funds* (agree balances with receipts and payments account(s)) Details	Unrestricted funds Restricted funds to nearest £ to nearest £ 7,650 - - - - - 7,650 - Agreement Error OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - Fund to which asset belongs Cost (optional) 4,500 - - - - - - - - Fund to which liability relates Amount due (optional) 250 - - - - Print Name	Endowment funds to nearest £
			-
			-
			-
			-
			OK
			Endowment funds to nearest £
			-
			-
			-
			-
			-
			-
			Current value (optional)

			-
			-
			-
			-
			Current value (optional)
			4,500
			-
			-
			-
			-
			-
			-
			-
			-
			When due (optional)






			Date of approval

CCXX R2 accounts (SS)