Charity rezi5tration number 207324 The Delius Trust TRUSTEES. REPORT AND FINANCIAL STATEMENT5 fQrthey•arw1d 31st December 2022
Th¢ OdusTnJt Report and Flnanrlalstatements Year ended 31s1 DÈtember2022 legal & MiniStrate Informatian Report of theTruslees Indepet)denl EmIr.5 Report siatement of FinarKial Actmt Balance Sheet Notes tothefinanri41 ststements lo-ls Annexe l- grant5 awarded in theye•r 16 Annexe 2- 8rants outstanding 17
l>eNu5TfwI I &AdmlDi5trnti¥o Inforrnatlon TRUSTEE5 Help mUclan5 UK IRepresentstNe'. Mrjohn Awl Mr Martin Williams FSA Mr Paul Guinery ADVISERS Profe$50r Daniel Griml Mr Stephen Ligyd Mr Robert montg0wry ADVISER EMERITUS Mr David Lloyd-Jone5 Died June 2022 SECREfARY M5 Hden Fauner PRINCIPAL OFF 13 Calico Row. Pl4ntstion Wharf. L¢>ndw SWII 3YH Email.. deliustrust@deliusrntst.or8.uk Web.. ww.delius.ori.yk INDEPENDENT EXAMINER Jane AskewACA, Hay5macintyre LLP thartered acrowt4nts 10 Queen Street Place. London EC4R IAG BANKERS HSBC Bank pl4 City of London Commerual Centre, 601knnrtori¥ Street, London £C4M 4TR
The DelSusTfust Report olthe Trnstees Year ¢nded 315t Oecember 2022 Thetrustees present theirAnnual Rewrttogetherwth the Financial Stèternent5 of the Trust fortheyearendeL$ 31 December 2022. The financi4 stHtements compty with the CharltiesAcr 2011 and the Accounting and RÈports'n8 by Charities= Srètement of Recommenrted Practice applicable to£harities prepanngtheir in accwdance ¥J4th the Financial Reporting standard applicaNe in the UK and RepublK of Irelèhd (FR5 1021. Structure. G+wernance and Mm1Ment The Trusi was established bythe Will of Mad4mtJelka Delus whodied on 28 May 1935. tts constituti4fi was¥aed by igh Court StheThe In 1964 principally by the setting up of a panel of three music advisers. In 1991. the Charity Commission aPPrd a second Schèmt which consolédated theTrusVsconstitytion in one docurntnt. This permthd the Trust to undertake further activities. PaitukTty in thefield of education.. and to appoint a totsl of five adser$. In 1997, the Charitycommission approved a third Schemein muth the same terms but wth •dditional provisions, namely.. lal subjecr to priorityfor the promotion of DEIius'5 works. the Tfust's Obiectto include any other Brit¢5h tomposer born since 1860 to the present day with particular prelerence fof Contemporaries of Delius.. and Ibl the aPPDiThtmentol up to a t¢tal of seven adw5ers. DuiSn8the yearthetrustee5were'. Martin Williams Paul Gulnery Help Musidans UK Durin8 the year Help MusKians UK was represented byjohn AMof. a MeMrof HMUK'sCouncil. The tru5tee5 are responsible forthe administration and management of theTrust. Thtyare assisted by ihe panel ol AIlvi5ers. The trustees and Advisers tO8ether held three meetings (Suringthe year under Teview. The trustees kéep the sknlL% and experience rewired on thetrtsstee b(tr der re1. Tmst policyand guidelines can be found on the Deliuswebsite www.deliu5.org.uk Fr 1965 theTru5t's 3rchNe5 were in the care of the Honorary Archivist. Llonel Carley. Y4ho dled in lare 20ZI. The archi is now mana8ed by Hèlen Faulkner who. in 2022. oncpntrated particularly on incorwating man¥ of Liorl Carte5 papeis and ephemEra inlo the Trusvstoliection wth the a5SiStanEe of Katharine Ho8& Lsbrarian olthe Gerakl Coke Handel Cdledion. The Chairman would like to affirm the Trusvs yeat sorrowatthe death of his predece5$0r. Dad Lloyd-Jones, notin8 that.-Dawdwas Chairman of the DeliusTnl for wtyyear511997-201714nd admirabty steered it abn8 its course wlth the unbounded enihusiasm and ¢LMitMent that were 50 characleristic of him. A Delian tothe core. he brought tt> hi5 role the same quality olwsion that had marked his pioneering yearsat OpEra North. His Chalrmanship saw the omrAetion Df the collected works of Delius, a proiectwhich fflanvveèr5to athievE. His innate understanding of the composer was èll the more valuable in thai. as an eloquent interpreter In the concert hall, oppra house and recording Studio, itsternmed from the sIde. infom)ed by The Invaluable. highly practKal knowledge of a great interpreter. We were 8rateful to himfor stayin8 on as an adwsor. sinceTrust meetiryg5 btnefited enorrnoustylrom h15 e¥peripnce and insighi. His presen is much mtssed."
ThÈ DellusTFust AepDrt of the TNste¢s Itonttnued) Y¢4ronded alst Decefflber2022 Objerti¥es athd A¢tMiles The Object of the Trust is to promote the works of the composer. Frederic Delius. and subiert theretothE work5 of anv other comp05er bom orat anytime permanenriy reskDi in 6al Britain or Irend frorn 1860to the pre5prbt day with preference foi tontemporariesol Delius, bv.. 11 rEcordin8s of every descriptlon whether rnethani(al. electrical dectronic: 21 tht publicatK)n and i55ue... of ... all or any partof the complete work5,. 31 thetinancin8 and proy)tion... of public ConrtS3nd reritals- 41 the purchase DI Ittters and rnnuxriptsfor theTrusVs archNes. and memrakn.lia and ephemera relatingto 51 presenring and rna&in8avail•ble to the pubK and and diffusi knedge. of Deliu<5 life and works. The TrusV$ in¢¢)rnÈ is applied as follos.' il byencoura8in8 publt5hersto update part5 and sc0rest0weeh the Collerted Editton and maintaining unmarked parts for use if required.. bl by encoura•nethe a¥ailat41ity of hi5toriral recordings and 5ponstirin8those representin£ a ÉeneratJn of Interpreters-. cl by acqulring secondary archNe material depsitithe remlining prirny atthiveMth the British Library.. and dl by financin8 perfom)ancesof unusual or major works in the UK enrouraging more pErtormances in other countries. particularly thosehere the copyright continues to run. Trustees havt defined Ri detsil theywould fulfil the secondaryObiecL l.e.. the promotion of work5 Brit ¢omposefS btrrn from 1860onwards. They decided that In thls area They would noi, as a rule, 5UPPOrt the works of individual tomptssets but would cortsKlerapplicatksnsfrom rgantIOnSthe objertsof which indude the promotion ef th15 area of Tepèrtoire. Att98d Fe Plans Inevitabty. because of the restrittlons llIn8 from theCowd-19 paThdern a numberof projects towhich the Tru had rnadè funding commitmentswere delayed or cancelled. The trustees had agreed to honourall exist1rant cornmitments until perfDrrrnce resumed and were partitur pleased that the production of Margr>t la Rouge originally sChedud by Hdland Park Opera for 2020took platrto high crilical acclaim in surnrner 2022. Grants Drnmitted to a numbtrol projects which could not be revived have been written bac in these account5. rr105t Si8nificantty £40.C¥JO which has been committed to English Naiional Opera. As part of its extended object. the Trust curtinued to support the RLryal Philharmonic s0oe$ annual ytyjni composers 5cheT and the core <05ts0f NMC. a iegistÈred chality. whh issis recordin85 ol 8r•th muG TheTrust rnntsin5 an extensive 4rchNe of material rdatin8to DÈlius, includin8 Scor letters, ima8es. concert oyamme54nd other ephemer3. It hold5 a library of boDk5. j¢)umals, thE5e5 and retordin8s In a variety of forrnxts and has started to exploro oplions lor di8itisin8 appropriate partsof the collertionto Improveaccessfor researchers, During the year. researchers have again been able to Use the rdledK)n in pern or Lryremoteaccess. The cataloEuinE of scores. bjoks and periodKaL% w35 comrted.
The Oe¥¥sTru5t Report 0ftheT5teQ9 IntInued) Year Ènded 31st De¢embei Z022 Publlc Oenefrt The trvstees have referred to the Charity Commission 8uidance on pu1£ benefit and believe rhat the Trust's aCtIve5 as outlined Sn thi4 report contributed to pubc benefit 5pecifKalty by theathancetnenf ofeducatn in the arts Iparticularly musicl, cutture. heritaze and science. Flmncfjal Rv41ew There are no restrirted or endowrnent funds. TheTru5t Carr5 wt rn on8oin8fun&raisin8 artNity. Followini the lapse of the majollty of Delius'stOPVfiBhts. theTrusVs income from this source ha5 continued to decline and its income derives Main from investments purchased frorn the accumukited income of earlr years. In thtyear ended 31 December 2022 theTwsVskncome ated to£g).98112021.. £89.7741 •fid net expendlture was £65,09512021.. £117.7431. In 2022 theTntst awarded grants of £72.72512021.. £77.9SOI. There were unrealvsed1055e5 on the investmÈht pthlio of £263.61312021.' unrealised la$ 01 £322,525). The outturn lorthe year wa5 3 net outfiDW of funds of U37,72712021 net inflow.. £294.5561. Thetotal resources availaNe tothe Irustees at the ye3r-end We £2.85 million12021 £3.09 milli¢)nl. Fur over 40years Help Mu5ician5 UK Ifoffrertythe Musicians BenwIen1 FurKJI. a trusiee, provided accommodation at no chai8e to theTrust They ceased thisarrangernent in 2016. mitl8atin8the finanual effect to the trusi in 2016-18 by making a grant towards the cost of renbn8 an offKe. This reased in 2019 and since then the Trust has met rhe full cost of its accommodation. TheTrust offKe is shared the RVWTru5ttowhich il rèimburses a share ef ihe office ÈxpÈnsos at cost. Investment Pdlcy The trustees alm to preser¥e a balance between athievin8&rowth in th¢Tru5Y5 investments and producin8 income du81e to maintain the desired levd of Arant-moking. When necessary. In%Stment units de5i8ned for 8rowth will be sold to provide income abovethe Iv•l produced b¥inc¢yrt units. Reserves Pollry TheTrust's ateumulattd reserves afe invested mainly in coffwmon invesfmenifund5 (collective vehicles de5i$ned 5pecificallyfor charities) mènaged by CaienovE15throderl and by Newton. a subsidiary of The Bank of New Yark Melk)n CorporatK)n. Two investments lin yopertycommon inbsimenr fund4 a0 designed expre5styforchoritie51lotallinÉ £94.91012021.. É105.7501. are managed direttty bytht trusiees. The level of grant+making 15 e55entialty demand4ed and can VarytonslderafrQM year to year. Thetrustee5 do not aim to increase the amount held as reserves and are happyto reduce reserves when it is appropriate to do so. They have a pdic¥of keepinE suffKientosh holdirwto covershortto lIuM terni commitments. FuThdra1 Sinte the Trust's IrKome Is derlved from perforrninE fights of Frederick t>elius'5 COrnP05thon5 aThd invesiment Income, it does not undertake fundraising acttwities.. It 15 ne¥ertheless mindful ol the Code i55ued byt Fundnisin8 Re6ulator. Copyrl8ht Althou8h in the main copyryght in Deliu5's compoytion5 published durin8 his liletime expired on 31 December 2C#14. the situation is complicated bythe pretection accorded to posthumous publications, copyri8ht extensi$ for waryears In France and italy, and the Pomion Inthe USA. In order toclarifythe pitiOn, the Trust ha5 published a détailed mmaryon the Ddlus websSte at ¥.delIU*0rl.Uk.
The Ilellu% Trust Report oftheTrusttts Year ended 31st De¢wnber2022 Grints The 8rants made may be 8rouped urxler Eh follon@ heathrw and more details ofthem Is thown in Annexe5 1 3j 2 at rhe end of the accounts accompany8th15 report- 2021 PubliCatnS Performances Books ènd manususpts Extended objects Gr4nts retovertd 103 71.242 516 74.881 53 2.500 1S1.CO) 21.ns 77.950 HerttaEeAssets The trustees ha¥e ac£umulated a colkdion of books. pampNet¥ manuxript% thotoqraphs, paintings and other item5 cortnect with FredefKk Deliu$ and his contemporaries. ThÈ trustets consider that the mainienance of Such collection is an integral part of their primary obiectr¥e and that a formal valuation would not be a good use of charty rèseurees. The cdlection is available for study prior arranBemerbt withthe Secfetaryl. from time to time item5 are loaned ro museums. artEalleriesaThJ 5irnilar orDnisation5 fly publk dlsk. Alsk Manwment The ffla1 risks tts which the charity t8exposed. as identified by the trustees. havt been rriewed and systems have bÈen establlshtd to mit4gate those rks. Robust banking and otherfinancral proctduresare In place at)d grants are tlosety monitored to managethe man risk of rnIsappropriat olthe tharity$funds. As noted below, these account5 are appreved durin8 a period of uncertèinty for both inflow and outflow otfunds. However, through appropriole ronsideration of risks as part ol its normal risk MateMent pr0tt55. the trustees consider it approwe forthe 8(Mn8con¢ern ba515 to adopied. as in previous years. forthe5e accounts. Golni Con£•rn and covirh19 Only a few works t>eliu5 remain in copyright so this no k)nyr a 4nthcant èlement of the trusvs income. Investment income held up well. The trustees are confidentthotthry have suffi£ieni tash holdi$ ro enable grants to be pald duriw 2023 and In subsequent yeatswith(rtrt the need forthe unplanned sale ol in¥ettments. Volt olThars Thetru5tees would like to rec¢rd their thènksto the Trusvs ad¥isors and to its Secretsry, Helen F¥ulkn*r. for all that theydidfor DÈliusand forthe Trusi durin8 the year.
Th¢ D¢llusTriist Report of TNsteès Itokitlnuedl Y•ar •nd•d Ilst DEcember2022 5titementof Trustees, Re5mIbIlItIes The Tru5teesare required to prepare hnanaal starementsforeach financi31 vearwhh give a true and tairwew of the state of affalrs of the Trust and of itssurplusor deficitfor that period. In preparing those financial staternent5. the Trustees are required to= select suitsble a£¢ounting Oiues and then apththem ¥iSten¥. make judgernents and estimatesthat are reasonab and F¥udeni. observe the methodsand prinople5 in the Charitie5 SORP. state whether applicable accounting standard5 ha¥e been fdlowed. 5ubipcl to any material departures dlsclosed and explained in the finanoal staiements. and prepare the flnancial statemenis on thezoiry concem bay5 Unle55 inappropriate to wesume that theTrust will tontinue in business. The Trustees are responsiNe keepin8 proper accountin8 rec(Yds whiEhdisd05e reasonable accuracy at any time the financial position of the Trust. The Tntstees are also respcKisibleforsafeguardin8 the assets olthe Trustand hence fortakn'n8 reasona stepslorthe kWLwention and ¢jeteCt of and other irre8ularitie5. Approved by theTrustee5 C............. - 2023 Paul Guinery Tntstee an¢J Chairman Martin B M Williams Trusteo
INDEPENOEPIT EXAMIIIEA'S REPORT theTrusthesof The Del$ Tru Year ended 31st Detmber 2022 I reporttothe Trusteeson my examinaiion ofthe accwnts of Ihe Trnsi Iihe Trust) for the yearended 31 December 202Z. 5PODsltI•sand ba5b ol rnwt As the charity trustees of the Trust you are responsible for the preparntion of the accounts in accordance th the requirements of the Charities Art 20111.the Act'l. Havtn8 5atisliEd myself that IhEaccounts of theTru5t are rt rewired to be audited under the Actand are eli8iblelor ndependent examination, I report in respert of my examination of yourcharivs accounts carried out under sectlon 145 otthe Chanties Att 20111'the 2011 Att'l. In £anwn8 out myexaminatK)n I havefollowed Ihe Dlrettions 8wen b¥ the Charity Commlssion under section 145151 Ibl of the 2011 Att. Independemt examlnw's statsment I have completed my exarninatioTr. I confvm that nty matters hav¢ tometo my attentknn In cohn¢¢tion with the ex¥minatOtsn 8ivini me tause to belvÈ'. ccountin8 rerords were not kept in respert of the Trust a5 required trtrfsectn 130of the Art,. or the accounts do not accord wrch tho&e record5.' 3. the accounts do not comptywith the apKable requirement5concerr4ng the Form ènd content of accounts set out in the Charitie5 (Accounts and Reports) Regvlation$ 2W8 otherthan any requirement ihat the accountsgive a 'true and fairview whKh is not a matter considered as part of an independent examlnation.: or 4. the accounts have not been prepared in ac£ordance 1h the methods and prinoples of the statement of Recommended Prattl for accouniinÉ and repth1ing by charities applKable to chaTrties prep3ringtheir accounts In a£coidance wlth the Finanoal Reporriry Standard applKable in the UKand Rewblic of Ireland IFRS 1021. I have ntstoheems and have tome atross noother m•ttÈrs 1rbtonnErt vAth the examination iowhith 8ttÈntion should be drawn in t$ report in orderio enatAe a prop uThJerstsndin8 ofthÈ atujuntsto be rtathed. 2.10.2023 aned...................................................-..-....................................... Date...................... Jane Ask•w ACA HaysmaeSntyrt LLP, lo Queen Street Place London EC4R IAG
The DellusTru5t sement ofFhwndalArtl¥llkn Ilndwllrw an IncomE and expend1 x¢ountl Yearonded 31st D¢¢¢mb¢r 2022 Unre51rkted Umestrlrted 1022 2021 Ihcomefrom: Chalitable activilies= Rtsyalties and performing right ltes Voluntary income lfivestments 4,952 5.741 86,029 84.033 Total intomÈ 90.981 89.774 Expendhure on: Charitable artMtie5'. 65,095 117.743 Tokl experrtllwre 65.095 117.743 Gain I Itossl on investmert as5et5 1263,6131 322.525 Nt mo¥•m•fftt in knbds 1237.7271 2Y,556 Total funds brou8ht foryRrd 12 3.086.109 2,791.553 Toi1 funds trrl•d forward 2,848,382 3,086,109 All trafisactwjns derfrOrn continuir 4cWe5. All recr*ani5ed gains and b5ses are included it) the Staternent of Finantl Artmties
The [le1Tn#t eport gftheTnbrteesl¢ontlnuedl Year ended 3151 DÈt•rnber202Z ststement olTrust•s' Re5W[bIlItIeS TheTrustee5 are required to prepwe rtnantial 5talements for each finanrial year which Irue and fair view of the state of affair5 of the Trustand of its surplusor deficit forthat period. Irb preparin8 th¢>se linancial statements, ¢he Trustee5 are required to= selert suitabk accounting pdKtes andlhen apptythem consistentty. rnakeiudiernenis and estirnates that art reasonable and prten( observe the meiws and principles in the thatsoRp, state whether apICable a£counting5tsndards hab been followed. subject to any maierial dopartures disck)sed and explained in the finanual Slaternents. and prepare the financial statements on the 80ln8cern ba$ n$S it 15 inapprowiate tp presume that the Trust will continue in business. The Tru5tee5 are reSpOne for keepin¢ propèr acmuntirrf recotd5 which disdcsewith re050nable accuraryat arw time the finanoal )11#n olthe Twst. The Trustees are also ièspon5iblefor safe8uardingthe assets of the Trust and hence for tan& reasonablesteps for the prtttnt and dete£tiw of fraud and Other lrre8ularl1 Approved by the TrL*tees on............................. ._ 2023 bJ Paul Guinery Tiustee and Chairman Martin B M Williams Trusiee
The DeHusTru# Balance She Ye•rended 31st Dtt•mber 1022 2021 Ffjxed assets IrwestmeThts 2,795.470 3.19.083 Ctstrentassets OebtL¥s 8ank balanc¢$ io 136.922 136.922 215.845 21545 Current Ilabllltles Creditors- arnount5 falllr thje within oneyear li 184.0101 IIB8,8191 N•t curr•nt assets 52,912 27.026 Total net assets 2.848.382 3,086,109 Unrestrleted funds 41.382 3,OB6,109 These at£ountsv4ere approved ondavth)redfor Issue tythe Board ol the Trustee5 .. 2023 and wert sr6ned belowon its behalf bv.. Paul GuinEry Trustee and Chairman Martinwilliams Trustee
The Ddlus Tru Noiestothe flnancral stsiemerts Year ended 3151 Detembei202Z A¢(ountSn¥ Pdides The principal accountin8 politiesad¢pted. jud8emenis and ke¥srte501 estimation uncertainty in the preparaiion of the finan£i31 statements arèas foll<rws'. Genernl Ibrformatlon and basfjs of preparatloh of attoun The linancial statements have been PTepaied in accordan¢eMth-Accounting3Trd Reporting tyCharitie5'. StatemÈnt ol rÈcomrnended pr4rtice applicable to the rhariue5 prepaiingtheir accounts In accordance with the Financial Reportin8Standard aPp1Kab in the UK and Aewwic of Ireland IFR$1021" (Effective l January 20191- Icharities SORP IFRS1021, the FiThènoal Reportin8 Stsndard5 applicable in the UK and Republic of Ireland (FR5 1025. Deliu5 Trust meetsthe definitw of a publx benefitentrty under FRS 102. Assetsand liabilrtiesare initièl recognised at historical cost orlransxtknn Value un1essotheSe stsied In the relant accountitw pdicy notelsl. GolnE concern TheTrustees haye assessed tht Charity's feluirèments fer ihe fore5eÈable future. including any likely 8rant requests. in light of thÈ COVID-19 pandÈmi£, a5 disclosed in theTru5tees' repwt on pa8e 5. n 15 unclearwhat the medium-ierm outlook for investment perforrnance is likelyto be. howe¥er theTrustees ha¥t tsen a conserwatwe approach to bud8e11r1d will continue to a55e55 the situation as it develop Fund a(u1]n1 Unrestricted funds £LMnpri5È atLumulated WSe54nd deficitson 8eneTrl fvnd They are available for use al the discretion Oft Tturteès In lurtherant¢ of th¢¢hartty5 gereral charitsbleobjertives. Imtame Intome represents thetotsl income recenthble durin8theyear. comprising royattie5. performing right fees and investment thtome. All income 15 rffo8nised once the charity h3$ entidementtothe resources, It is probable that Ihe resources will be received and the mDnetary value of incoming resources can be measured with sufficlent reliabilty. Expgndtture Li8kn"litles are reccenised as restyjrces eynded as soon asthÈre is a legal or tonstructNe obl1wat committing the chaflty to the expenditure. expenditure is accounted foron an xtruals basis and h$ ert dassified und headings thar a8¢reeate all costs relattd tDthe cate80ry. Grants are induded in ihe period of account whtn •re attUaltyapsO¥Pd ata meetin8 of the Tru5tee5. Charitable attiwlytosts Include c05tsa5sociated with8rant makin& promotion of the w¥Yks olthe composer aThd his coniemporaries. researth archMn& Support costs tomprlse ser¥ices ldentffiae 5wknltyorfflair in support of ch4ritsble purposes. Governance costs Governance costs comprise all tosts invthryrqtht publK aCcOtablIV0f thecharty and its complionce with re8ulatiM and g¢)od prxti£e. Th¢se¢osts ilUde independentexaminatiw and legal fee5. io
The OelSusTiiist NotsttsthÈffimfitial statements Itomtlhuedl Year endEd 31st DeteM 2022 Hqritai• osS•ts In accord3nce wrth the SORP depreciation has been alkKated on all dasses of trng1b flxed assets except those cla5sifd a5 Hwlta8e Assets. ¥estments Investments are shown in ihe financial statements 3t marker value. MtrrfemenES in thp market Yalueof investments are shown a5 unrealised gainsOSseS in the Statement of Financial Activities. Unrestricted funds Comprise¢uMUlateO surpluses and deficits on zener31 funds. They are availablefor w a¢ the dcretIon olthe Trustees In lurtherance ofihe charrtVs8eneral tharitsble obiectNes. EStInles•0]UdYmÈnts Estimates and judgements are ContinlIVeya1u•ied aThJ are based om hfjttorital experience Ind other fartors, Includingexpertations of future eventsthat are belved to be reasonable untler the circumstances. Atthough these tstimates are based on the tru5tee'5 best knedge of the arnount. events or action5. actual Te5u115 Ultimate drfferfrom thesetsrimates. The Trustees do not tonsiderthereto be amy estimates and jud8eme*ts. FIMNl•l The charity onty ha5 financial a55ets and financial liabilitres of a knnd thal qualify as b4C financial in5trument5. Basic financiol in5trument5. including trade antl otherdebtors and creditors are initialty reco8ni5ed attran$3cbon value and subsequently rneosu atlheir settlement ¥alue. The portfolio of investments held by the charity is Induded 3tfair Wae. li
Notestothe Ilhmtll $teMentS ItontlhI Year end Jlst 2022 Z RoyalSand perfonnkn8 rW fees 2011 pemI RiEhtSc< MKhanical Copyright Prolectn Soriety 8oosey& Hawke5 Otherroyalties 491 28 3.482 L433 3.016 1,397 4,952 741 J Voluntary Income Donations 4 Inve51ment income 2021 Newton Investmènt M3na8ement Cazenove ISchroder51 Inve5trnent Management Property funds Interest on tash deposits 35,417 46.076 2.076 35.061 44.678 2.195 86.029 84033 S CharitableActlvhles 2021 Grants awdrded (note 61 Managernent & admin15tration Advisors, fees and expense5 Archiwst'5 fee5 and expenses Seuetarial serwce5 Office expen5e5 Website. advertisin8& pmmotion Accountancy Governance Independent examiner's remunertion Trustee expenses Metih8 txpenses & hospitality 21.ns 77.950 4.715 3S4 20,057 13.454 4.5 2.918 18.6C 9.839 1.380 250 2.550 1.035 65.(Y45 117.743
Th¢ DdlysTntyt Notes trthe financtal 514tements Irontlnuedl Y•arend 31st D•umbw2022 6 Grntsand oth payThent5 In pursuan¢E of thg obA•rts of theTn15t Publlcations Performances 8ooks and manuscrépts Exrended objects Grants recvlered 103 71.242 516 74,881 53 1500 1S1.c(KJl 21,725 77.950 A Ilst of grants adrdÈrf is showh in Anntxe l atthe end of these accounts. 7 Truste•s' remunemkn and exper No remunerntion w#5 paid is payable eitherdIreCt orindirecttyforihe year io any trustee orto any person or person5 knowDto be connected with ofthem. Trustees were reimbursed £6S of Èxpenses in SpeCt)f theyearto 31 Decernber202212021.. £01. Related partytransaetitihs No Trustee or other per50Th lated lothe charity had any personal interest in anyconttstt or transactlon entered Into bythe charrtyduri the year12021.' norel. 9 Irbveslments Mirkei Value at isi January Additions Disposals Net gainsl Ilossesl on Mialuatitim 3,059.083 2.736,558 1263.6131 322.S25 m•tt¥aletJI$t Dtfember 1795A70 3.059.08J J5torfcal cost 1.540,590 1,540,590 M•rkrtvalue represented by. Newton Investment M3nagement Coienove Ischroderl Inve5tmeTht Management Property Fund investmeTrt5 L578.176 L122.384 94,910 1.701.797 1,251536 105,750 2.795A70 3M$9.083 13
The DdlusTrust Notes io the fihanchil Matements IcontiTbuEdl Ytarndtd 31$1 otctrnbèr 2022 10 Debtors 20 2021 other debtors 11 thdltors: ¥nouThts f•llinidue wlthinoneyear 2022 Trade creditors Actruals Grants pay•ble 360 345 2.250 186,224 79.150 Moio ISB19 Grants brtsu8ht fon¥ard Grant5 cornmitted In theye•r Grant5 poid In the year 186.224 72.725 1179.7991 162.343 77.950 154,C691 Grants outstandinE 79,0 186,214 A list of grants outstanding Issho in Anre¥e 2 atthe end of rheseaccounts. 12 Ststementollunds 2022 CaThled & plns Unrestricted funds 3.086.lTrJ 90.981 165.0951 1263.6131 2.848382 Totsl lunds 3.1)86.109 .981 165.0951 1263.6131 1,84&38Z 2021 BrouAht Carrled lortvard & k¥ssÈs Unrestncted funds 2.791.S53 89.774 1117.7431 322.52S 3.L6.109 Total fvnds 1791.553 89.774 1117.7431 321.525 3.1)86.109 14
Th¢ D¢MwTntyt Notés tothe IIna[lIsttemtnts Icontlnuedl Yè*reThl¢d 31st De¢tr 2022 13 Anal ol net assèts b•tw•en funds Total fund5 io Total funds 2021 Investments Currenta55ets 2.795.470 136.922 184.0101 3.059.083 215.845 1188,8191 1848.382 3,086,109 14 Totsl finan¢lal InStrnts Financi31 ¢n5truments he at 31 Decemberare= 2022 2021 Flnanckl assets held at f&rw41ue Financial assets held at amortised c05t Financ1 liabilities held at amorti5ed cosl 2.795,470 3.059,OB3 84,010 188,819 15
The DellusTnist Annexe l- GrantsAwarded Ye¥rtrthd 31st Oetember 2022 2021 Publlt•tlo11S Dr Frances Jone5 Wega Verfa8 53 516 103 103 Perform•ncw •od Dutton Epoch Self Isolation Choir Opera Kolland Park Three ChoSrs Festival Adderbury MusicTrust Engllsh Music Festival Guildford Symphony Orchestra Bromleysyrnphony Orthestra Huddersf1eld Music Society Mts)teverdi ChoirWueftbur8 Icurrencyadjustment51 NMC Re£ordinES Ltd Tommie HaElund Festival Villlers Quartet Royal Philham)onic Orchest Doreen Carwithen Ftstr¥al Lionel Handy Lake Districtsummer Music 12.C¥)J iO.L 7.545 150) 850 1.381 15.WJ Online British MUSK Festival IToiwanl Elw Sinfonv Englith MUSK Weekend at Hellen5 71242 7LO81 EeThd•d Objeeis Royal Philharmoni£ Sotiety Doreen Carwithen Festival 3,orKI 2,5 Books. Manustrjos Archive item5 from Cdin Coleman 1.380 Total (rants awa Inthe 72.725 77.950 EnBli5h Nalion?l Opera South Florida Symphonyorthestra Doreen C3rwithen FestNal 140.LD)I Iio.LK#)I I51*) 16
The [1$ Tr1151 Annexe 2- Giart5 OuistarthR Ye•r ended 31$1 Oeeembei ZOZ2 zoii Perlormanus and Aeu¥dkn85 English National Opera Britten Sinfonia NMC Recordings Dutton EpDch Royal Philharmonir Ovthestr• South Florida Symphony Orchestra Philh4rrnonic Charnber Orthestra of Lond¢)n Delius Society-j(Yntwete & womotion Sampson Orchestra Doreen Cèrwithen Fest31 Watford SymphoThy 0eStra 8rornley Symphon¥ Orchestra 8anbury Symphony OrchE5tra Opera Holland Park Tommie Haglund Festryal Monteverdi Choirwurthurg l*ll.IX)01 Dellus Society Online British Muslc Festival 20.(KK) 12.iXK) io.c io.Lll) io.( L300 5.(K)O i.(¥Jo 850 So.0 15,WO 9.924 Ttstsi outstakl¢ 17