TrU8TEES' ANNUAL REPORT AND Acc¢Jupirs FRANCIS RoifThi TRUST The Francis Routh Trust was registered as a charity by the Charity Commission on 17th March 2023. Its object is th8 promotion of Brrtish Music and takes its lead from the Redcliffe Concerts of British Music. a r8gistereAI charity, which was established in 1964 a concert promotion society for the works of Britk8h compows. With the death of Francis RoLrth, the founder of the charity and its first chainnan. in Novembèr 2021, the Trust88s of the Redcliffe Concerts took the opportunrty to re&$$ the direction that the charity should tak8. Following tts advice of the Charity Commission. this has 1nv0fvj establishing this new charitable entrty. the Francis Routh Trust, as a Charitable Incorwrated Organisation, progressivety transtring the assets of the Redcliffe Concerts of British Music to this new charity. The Trust88s of the Trust are: Simon Routh {Ctiair) William Howard Rupert Flidgewell Rob8rt Summers Freya Waley-coh 224 saw the residual assets being transferred to the Trust from Redcliffe Concerts. bringing the totd assels of the Trnst lo around £750,000 The Trust awarded a totai of £20,150 in grants to a totai of 27 appli&gnts in year, bringing the totd the Trust has awarded nce inception to e30,070. This has supported the perfomiance of 122 woths by 101 compows. The Trust88s ar8 pursuing a rnediunFlow balanc1 risk approach lo the investments of th8 Trusts to seek to m&ntain the totsl rotum in tems. and thus seek to nwntain th8 income available for grants in the medium terni. The Trustees anticipate to be able to provide around £20,0(X) in grants in 2025.
FRANCIS RoufH TRUST (Aogistered Charity No 12022811 RECEIPTS AND PAYMENTS ACCOUNTS 1st jaary 2024 to 31st Doc•mbor 2(Y24 RECEIPTS Charl8s Stanley Dividends Give As You Live Royalties CD Sales Musc Sales Bank Interest 18,143 57 1S9 13,117 262 18 59 101 R•ceipts sUTOtal 76 £1&456 Grants paKI Audit & Accountancy CS Management Fee Bank Fees %kntte hosting Trust88 EXpSe9 Postage Printing 152(M) 108 5.012 1.013 120 26 35 Expon8•8 SUT01 £21282 Net VAT MovThits 23 (64) Net of ReCelpWPayntsj f4941 C88h Fund8 Beginning Year Cash FuThJ8 Yo8r End
STATEMEKf OF SEr5 AND UABIUTIES AT 3181 DECEMBER 2024 Cash Funds Investment Assets Charles Stanley Portlolio 729,963 sets Retained for brary of music 10,CKKI Uablllties Grants Awaiting Paymwrt TOTAL NEf ASSErs £737.042 2023 rureS adjusted to refiect R&Jcliffe Concerts figures and prolide more realistic comparison with 2(r24 figur8& Includes £1.955 transf from Redcliffe Conc• Estimated cost prfce of mlca1 assets. Sned on behalf of the Trustees .... 2QZ