I report to the trustees on my examination of the accounts of the Francis Pouth Trust Itha Trust) foi ended 31 st December 2025. Rèsponsibilities and basis of roport As the charity trustees of the Trust YOU are responsible for the preparartion of the accounts in accordance Wlth the requirements of the Charities Act 20111'the Act'l- I report in respect of my examination of the Trust's 8ccounts carried out under 145 of the 2011 Act and in carrying out my examination I have followed allthe applicable Directions given by the Charity Commission under section 14515llbl of the Act. Independent Examiner$'s Statement I have completed my examination. l ¢onfirm that no material matters have come to rny attention in connection with the exarllination giving mr cause to believe that in any material respect.. 1. accounting records were not kept in respect ol the Trust as required by section 130 of the Act- 01 2. the accounts do not accord with those records. I have no concerns and have come across no other matters in conne¢yion with the 6xamination to which attention should be drawn in this report In orijerto enable a proper understanding of the accounts to b8 reached. Signed Name Pioressional Qualification Address Date Miss K Bolt FCCA 21 Angel Hill. Tiverton Devon EX16 6PE 26th February 2026
TRUSTEES’ ANNUAL REPORT AND ACCOUNTS FRANCIS ROUTH TRUST
The Francis Routh Trust was registered as a charity by the Charity Commission on 17th March 2023. Its object is the promotion of British Music and takes its lead from the Redcliffe Concerts of British Music, a registered charity, which was established in 1964 as a concert promotion society for the works of British composers. With the death of Francis Routh, the founder of the charity and its first chairman, in November 2021, the Trustees of the Redcliffe Concerts took the opportunity to reassess the direction that the charity should take. Following the advice of the Charity Commission, this has involved establishing this new charitable entity, the Francis Routh Trust, as a Charitable Incorporated Organisation, progressively transferring the assets of the Redcliffe Concerts of British Music to this new charity.
The Trustees of the Trust are:
Simon Routh (Chair) Cheryl Frances-Hoad (Appointed 30th September 2025) William Howard Rupert Ridgewell Robert Summers Freya Waley-Cohen (resigned 9th September 2025)
2025 was the first full year of operation since the transfer of assets to the Trust from the Redcliffe Concerts of British Music. The Trust awarded a total of £20,150 in grants to a total of 26 applicants in year, bringing the total the Trust has awarded since inception to £50,220. This has supported the performance of 196 works by 143 composers.
The Trustees are pursuing a medium-low balanced risk approach to the investments of the Trusts to seek to maintain the total return in real terms; and thus seek to maintain the income available for grants in the medium term. The Trustees anticipate to be able to provide around £20,000 in grants in 2026.
FRANCIS ROUTH TRUST (Registered Charity No 1202381)
RECEIPTS AND PAYMENTS ACCOUNTS 1st January 2025 to 31st December 2025
| RECEIPTS | |||
|---|---|---|---|
| 2025 | 2024 | Notes | |
| Charles Stanley Dividends | 24,469 | 18,143 | |
| Give As You Live | 84 | 57 | |
| Royalties | 139 | 159 | |
| CD Sales | 34 | 50 | |
| Music Sales | 338 | 66 | |
| Bank Interest | 26 | 101 | |
| Receipts Sub-Total | £25,090 | £18,576 | |
| EXPENSES | |||
| Grants paid | 20,300 | 15,200 | |
| Audit & Accountancy | 127 | 108 | |
| CS Management Fee | 5,558 | 5,012 | |
| Bank Fees | 5 | 2 | |
| Website hosting | 914 | 794 | |
| Trustee Expenses | 47 | 120 | |
| Postage | 80 | 26 | |
| Expenses Sub-Total | £27,031 | £21,262 | |
| Net VAT Movements | 51 | 23 | |
| Net of Receipts/(Payments) | £(1,890) |
£(2,663) | |
| Cash Funds Beginning Year | £5,929 | £8,593 | |
| Cash Funds Year End | £4,039 | £5,929 |
STATEMENT OF ASSETS AND LIABILITIES AT 31st DECEMBER 2025
| Notes | |||
|---|---|---|---|
| Cash Funds | Nat West Account | 4,039 | |
| Investment Assets | Charles Stanley Portfolio | 801,863 | |
| Assets Retained for | CDs | 3,500 | 1 |
| own use | Library of music | 10,000 | 1 |
| Liabilities | Grants Awaiting Payment | (12,200) | |
| TOTAL NET ASSETS | £807,202 |
Notes:
- Estimated cost price of musical assets, carried forward from previous years.
Signed on behalf of the Trustees ………………………………Date…19 March 2026… Name……Simon Routh……………………………………….