Trustees’ Annual Report for the period
From 1 January 2023 To 31 December 2023
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 2023, the Foundation had a positive cash balance of £7,909 driven mainly by donations and proceeds from royalties. The Foundation is significantly increased the number of grants awarded for musical education assistance from £400 in the period ended 31 December 2022 to £1940 for the year ended 31 December 2023. We expect to continue awarding 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 and 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
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (if any) |
|---|---|---|---|---|
| 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 None held in this capacity Name and objects of the Not Applicable charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for Not Applicable 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) Position (eg Secretary, Chair, etc) Date |
||
|---|---|---|
| Glen Thomas | ||
Treasurer - Trustee |
||
| 28 June 2023 | ||
| 28 June 2023 |
THE SUSANNE BEER CELLO CORNER FOUNDATION 1195303
Receipts and payments accounts
CC16a
For the period Period start date Period end date To from 1-Jan-23 31-Dec-23
Section A Receipts and payments
| Section A Receipts and payments | ||||
|---|---|---|---|---|
| A1 Receipts Donations / Fund Raising 1,936 Royalties 1,594 Miscellaneous income 1,047 - - 4,577 Instrument sales - Sub total - Total receipts 4,577 A3 Payments Instrument Repairs 1,401 Grants / Educational Assistance 1,940 Concert Prizes 250 Instrument Insurance 625 Miscellaneous costs - - - Sub total 4,216 Instrument Purchases - Sub total - Total payments 4,216 Net of receipts/(payments) 361 A5 Transfers between funds - A6 Cash funds last year end - Cash funds this year end 361 Unrestricted funds to the nearest £ Sub total(Gross income for AR) A2 Asset and investment sales, (see table). A4 Asset and investment purchases, (see table) |
to the nearest £ Restricted funds |
to the nearest £ Endowment funds |
Total funds to the nearest £ |
Last year to the nearest £ |
| - - - - - - - - - |
- - - - - - - - - |
1,936 1,594 1,047 - - - - - 4,577 |
12,856 | |
| 1,801 | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| 14,657 | ||||
| - - - |
- - - |
- - - |
1,100 | |
| - | ||||
| 1,100 | ||||
| - | - | 4,577 | 15,757 | |
| - - - - - - - - - - |
- - - - - - - - - - |
1,401 1,940 250 625 - - - - - 4,216 |
2,010 | |
| 400 | ||||
| 459 | ||||
| 486 | ||||
| 354 | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| 3,709 | ||||
| - - - |
- - - |
- - - |
4,500 | |
| 4,500 | ||||
| - | - | 4,216 | 8,209 | |
| - - - - |
- - - - |
361 - 361 |
7,548 | |
| - | ||||
| 7,548 |
Section B Statement of assets and liabilities at the end of the period
| Categories B1 Cash funds B2 Other monetary assets B3 Investment assets B5 Liabilities B4 Assets retained for the charity’s own use Signed by one or two trustees on behalf of all the trustees |
Details Main Bank Account Details Details Details Instrument Purchases Details Instrument Deposits Signature Total cash funds (agree balances with receipts and payments account(s)) |
to nearest £ to nearest £ 7,909 - - - - - 7,909 - Agreement Error OK to nearest £ to nearest £ - - - - - - - - - - - - Cost (optional) - - - - Cost (optional) 4,500 - - - - - - - - 250 - - - - Print Name Unrestricted funds Restricted funds Unrestricted funds Restricted funds Fund to which asset belongs Fund to which asset belongs Fund to which liability relates Amount due (optional) |
to nearest £ Endowment funds |
|---|---|---|---|
| - | |||
| - | |||
| - | |||
| - | |||
| OK | |||
| to nearest £ Endowment funds |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| 4,500 | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| When due (optional) |
|||
| Date of approval |
|||