Charity reglstratyon number.. 281016
ERNEST READ TRUST
TRUSTEES, REPORT AND
UNAVDITED FINANCIAL STATEMENTS
FOR THE YEAR Ef4DED 31 AUGUST 2025
MPN Charte￿d Accounrants

Ernest Read Trust
Contents
Page
Trustees, Report
Independent Examiner's RepDrt
Statement ol Financial Activrties
Con7parative Statement of Financial Activities
Starement of F5naTrc￿1 P051tion
Notes to the Financial Statement$
9-12
The following pages do not form part of the statutory accounts=
Det6ileLI Statement of Finantsal A¢tivities
13

Ernest Read Trust
Trustees. Report For The Year Ended 31 August 2025
The trustee5 pre*nt thttr rekK)rt and the financial Statements for the year enoeil 31 August 2025.
Objertives and Activities
Aims and Objertives
The purposes Ol the ¢harlty a$ Set outin 1¢$ 9overniftg do¢umen¢
The principle objective of the Ernest Read Trust 15 to encoui4ge the advancement of music education. By doin9 SO, It also
folloi%s the Ideals of the Ernest Reèd Mu51r A5SQClation If RMAI. Itself set up to continue the work of Ernest Read. Sif>ce the
Closu￿ of ERMA, the Ernesr Read Symthony Orchestra has conbsu*¢J to operate independently. The tru5tee5 now have as
thekr rnain aim. the support of this orchestra_
5i9nlficant Artivities
The main activlt1•5 undert•kén In r•l•tlon to tfv￿e purposes durln9 th• ywr.
The Trust supported the Ernest Read Symphony Orchestra with a total grant of £l7.71XI dunng the 2024-25 season.
Fu￿Jing fft)m the Trust has enabled the Emesr Re&J Symphony Orchestrn io work 44gain with children In the b¢rough
of Camden. It ha5 also enabled them to develop the relat￿nShip Wifh their main concert venue. St johns Churih Watedo¢.
bvho nave encouraged their local resK1wts to Join the audience.
Public Benefit
The mairt activltles underta*eR thitrthg the ye•r to further the dJarity'spurp•se for the publlc benellL
The trust supported the ap￿intMe￿ of a nev4 05$￿tant C+ywJurtor. Alice KnighL for t%W 5ea50rs 2024-26.
The Trustees have had regard to the Chanty Commission's gu#Jano on wblic ber*fit an¢J Cor￿[der that tlE principal
objettjve of the Charity Is con>stent with the provisK¢n of publit beneht.
A¢blevements and Pertorniance
Main Achie¥ements
The main aehievements •ndperfornMnre of the chaiityduring the year.
The trustees have fouThJ that the managed fvn¢ts operted by CCLA ￿ an appropnate forni of Inve5tTr£nt for the Emest
Read Trust.
The Ethic31 Investrnent Fund initially showed an Increase of £4.227.25. This was folbwed by a decrease of £38.539.31
between February and August 2025. g*ving an overall ¢Jecrea5e of £34,312.06 over the year 31 Au9USt 2024 to 31 Au9USt
2025 12024 Ir￿rease of £7L.808.291.
Overall, the Trusts InVestm￿t funds S￿>W a decrease of £25.$49.￿ (2024 I￿rease of £80.872.851.
The difference the charlty's perforM•Rj￿ 41urtn9 the ye*r Inade to the benellclarles olthe charlty.
The chanty's perfomiance has Continued to make a svjnificant Impart on the advancernent of music education. Its
performan￿ has continued to suwirt Ihe Emest Read Symphony Or(hestré.
The degree to which tlw Khlwements andperlornianee during the y••r h•v¢ b¢n¢rrft•d wider society.
Durin9 the 2024-25 seasm. ERSO once again rdn a cornposefs. competrtKJn a ￿)I01sts, compÈtition. TThey worked with
ChI￿ren at Camden Music Servite. with thwr new assisiant conductor. Al￿e KnKJht. conducting. They Intrcéuced sorne ne
orks or Iittle-knowll works ISeren&e by Grnnt Sfdl," Vienna c.1825 Cojoufisert by Nichc4as Gawleyl. Muycal hvjhlighrs
Included Bruch's Kol Ni¢ra. Petrushka, La Valse and Tod und VeTklaruno.
Pa9e I

Ernest Read Trust
Trustees. Report (continued)
For The Year Ended 31 August 2025
Financiol Review
Flnanclal PosStion
Financial revi•w of thepositlon at the reportffng date. 31 August 2025.
The trustees consider the financial perforrnance by the c*arity duriThJ the year to have been satisfactory.
Incorne showed a very rnarginal increase this year É26,942.16 12024 £26.764.561. COIF interest increased froffl £2,746.13
In 2023-24 to £2,786.48 in 2024-25.
Tho annual grant to the Emest Read Symphony Orchestra was maintained at £17,700 i￿luding funding ftjr the a$5&ant
conductor. The￿ was a surplus of income over expenditu￿ Of £8,762.16 {In 2023-24 surplus wa$ £9,064.56}.
Reserves Poliey
It Is the policy of the Trust that unrestricted funds %vhich have not been designated for a specific use should be maintained
at a level equivalent to three and six months expenditure.
The Trustee'5 consider that reserves at this level will ensure that. in the event of a significant drop of funding tFw will
able to continue the Trust'5 current attivities.
Plans fgr the fvture.
The Trust will continue to part sponsor ERSO section leaders whilst that remalns a productive way to retain mernbership.
They will also discuss further method5 of recruitment, such es orchestral alliances, workshops. funding reduced lesson5 for
E￿0 members etc. The Trust Is supporting ERSO'S female assistant conduttor, Alice Knight for two seasons. £1,200 each
season for 2024 to 2026. The Trust will use some funding to Improve and develop the Trusts archive.
Structure. Governance and Management
Trustee Selectlon Methods
The methgds t• re¢rult andappolntnew charlty trtsstees.
Trustees are appointed lor repliced) by invitation af the Trustees themselves.
structure Governaftce and Managernent
The Trust Was Set up as a permanent memorial to Ernest Read. by the Ernest Reèd Music A550ciation by a Deed ol
Settlement dated 24 June 1980 and reg15tered as a cha￿ty on 11 November 1980.
Trustees ar¢ app¢¥inted IOT repla¢¢dl by invitation of the Trustees thernselves. Trustees rnay number 3 up to a maxirnurn of
The Trustees meet by Conferen￿ call once a year to set out guidelines for the tonduct of affairs, which are under the day-
to-day control of the Secretary. The Trust is independent and has no subsidlaries or tsther relared organisatsons.
The TrustÈes are responsible for keeping proper accounting records which disclose with reasonable accuracy at any tirne the
financial position of the Trust and enable them to ensure that the financial 5tsternents comply with the Charities Act 1993.
The Trustees are a150 responsible for safeguarding Ihe assets of rhe Trust and hence for taking reasonable steps for the
prevention and Lletettion of fraud and other Irregulanties.
Trustees have assessed the rnajor nsk factor5 to which the Trust Is exposed and are satisfied that systems are in pla
to mitigate expo£ure to those risks.
Pa9e 2

Ernest Read Trust
Trustees, Report (continued)
For The Year Ended 31 August 2025
Reference and Administratlve Details
Try$tets
G Barnard Chair
D Barnard
P Fietther
RHav
A Long
Charity Number
281016
Prlncipal Address
6 Jewel Close
Grange Park
Svlindon
Wiltshire
SN5 6HP
Independent Examiner
Mike Neale
MPN Chartered Accountènts
Unit J The Byre
Hook Street
Royal Wootton Bassett
SN4 8Ef
Page 3

Ernest Read Trust
Trustees. Report (continued)
For The Year Ended 31 August 2025
The trust@es' report was approved by the board of trustees and signed on its behalf bv..
G Barnard
Trustee
Date U14116
Page 4

Ernest Read Trust
Independent Examiner's Report to the Trustees of Ernest Read Trust
For The Year Ended 31 August 2025
I report to the trustees on my exarnination of the accounts of Emest Read Trust (the Trusii for the year ended 31 August
2025.
Responsibiliti¢s and Basis of Report
As the charity trustees of the Trust you are responsible for the preparatien of the accounts In accordance With the
requiretnents (>f the Chanties Art 2011 1.the Act").
I report In respect of my examinatign of tkE Tru5t'5 accounts carned out under section 145 of the 2011 Act and In carrying
out my examination, I have followed rhe applicable Directions given tyy the Chanty Cornmission under SeCt￿n 14515llbl ¢1
the Act.
Inilependent Examlnerfs Statement
I havÈ ¢¢mpleted my examination. I confirm that no material matters have come to my attention In connertbon wilh the
examination givsng me cause to believe that In any material ￿Spect..
l. accounting recoros were kept In respect of the Trust as required by $ection 130 of the Act. or
2. the accounts do not accord with those rectsrds,. or
3. the accounts do not comply with the applicable requI￿[￿ents concerning the form and contents of ¥counts set out In
the Chanries (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'tiue and
lair view, which Is not a matter conS￿ered as part of an Independent examination.
I have no concems and have corne across no other matters In connectson with the examination to Which attention should be
drawn sn this report In order to enable a proper understsndirKJ of the accounts to be reached.
MffN
Mike Neale
Date 21$1 April 2026
Unit l The Byre
Hook Street
Royal Wootton Bassett
Wiltshsre
SN4 8EF
Pa9e S

Ernest Read Trust
Statement of Financial Activities
For The Year Ended 31 Augllst 2025
2025
2024
Unrestrlcted Endowment
funds
fund6
Total
Total
funds
Notes
INCOME AND ENDOWME14TS FROM:
Investments
26,942
26,942
26,765
EXPENDJniRE ON:
Raising funds
118,1801
118,1801 118.1801
NET INCOME BEFORE INVESTMENT GAINS
8.762
8,762
134,3121 134,3121
134.3121 125,5501
8.585
71.808
Nei Ilosse5llgain5 ors Inve5trnent5
NETINCOMe
8,762
80.393
NET MOVEMENT 114 FUNDS
RecoNciuAllON OF FU14DS:
Toral funds brought forward
8.762
134.3121 125,5501
80.393
62,821
853.436 916,257
835.864
TOTAL FUNDS CARIUED FORWARO
71,583
819,124
890,707
916.257
The notes on page5 9 to 12 forrn part of these financ￿1 statement5.
Page 6

Ernest Read Trust
Comparatlve Statement of Financial Activities
For The Year Ended 31 August 2025
2024
Unrestrlcted Endowment
funds
Total
fun0$
IPICOME ANO ENDOWMENT5 FRO14:
Investments
26.765
26.765
EXPE14DZTURE ON:
Raising fun(ts
(18.1801
118,1801
NET INCOME BEFORE ip4vesTMENT GAINS
8,585
8,585
71.808
Net gèins on Investments
71.808
NET INC014E
8.$85
71,808
80,393
NET MOVEMENT IN FUNDS
8,585
71.808
80,393
RECONCZUATION OF FUNDS:
Total funds brought forward
54.236
781,628
83S.864
TOTAL FUNDS CARRIED FORWARD
li
62,821
853,436 916.2S7
The notes on pages 9 to 12 fomi part of these finarthl siatemeni

Ernest Read Trust
statement of Financial Position
As At 31 August 2025
2025
2024
Ilnr¢strirted Endowrhent
funds
fvnds
7ot•l
funds
Total
funds
Notes
FIXED ASSETS
Investments
819, 124
819,124
853,436
819.124
819,124
853.436
CURRENT ASSETS
Cash at bank and in haThJ
72.063
72,063
63,301
72,063
72,063
63,301
Creditor5: Amounts Falllng Due Wlthin One Year
io
14801
14801
14801
NET CURRENT ASSETS (LIA8ILmES)
71,583
71,583
62,821
TOTAL ASSETS LESS CVRRENT LIABILrrIES
71.583
819,124
890.707
916,257
NET ASSErs
71.583
819,124
890.707
916,257
FUNDS OF THE CHARfTY
Endowfflent Fur￿5
Unrestricted Funds
819,124
71,583
853,436
62,821
TOTAL FUNDS
li
890,707
916,257
On behalf of the ly)ar
G Barnord
Trustee
Date zi1412&
The note5 on pages 9 to 12 form part of these financi* $￿ernents.
P•Je 8

Ernest Read Trnst
Notes to the Financial Statements
For The Year Ended 31 August 2025
l. General Infornwtio
Emest Read Trust Is a chantsble Incorporated organisation re915tered Wilh the Charity Cotn¢ni5sion. registered chonty number
281016. The principal address Is 6 Jewel Close, Grange Park, Swindon. Wiltshio. SN5 6HP.
2. Accounting Polities
2.1. Baws of Pr¢￿T*tIOn of Flnanclal Statements
The financial statements have been prepared In a¢tordante the Chantles SORP IFRS 102} 'Accounting and
Reporring by Charities.. Statement of Recommended Prattice applioble to chant*s prepar￿9 their accounts In
accordance with the Financial Rer(rting StarKlard applicable In the UK and Republ￿ of lrtland (FPS 1021 leffettive I
January 20191" FinancKIl Reporting stsndarl 102 Fina￿la1 lieportir¥J StaThJard applicable In the UK and Republic
of Ireland" and the Chant￿5 Act 2011.
The charity is a Benefit Eniity as defined by FRS 102.
2.2. fvnd Acc¢>untlng
Fund Ac¢ountin9
unrestritt￿ funds ￿e available for use at of trustees in furtheronce of ttt general obFcb¥es of the
charity-
Thtre are no destgnat&1 funds.
There are no ￿#￿tted hjnds.
En¢lowment funds are fund5 donated to the chanty. the fvnds shall be Invested the charity still wjoy the
benefit frorn the capital furM1. where restnLtons are plac*J on tr* use of the capital.
2.3. Investments
Fixed Asset Investments
Fixed asset Investrnent5 in qvoted Shares, iradèy ￿TrdS. Invest￿Trt proptrties and Slrnilar Investments are shjwn
inithally at cost uwn acov&tK)n arHI at tt*ir rnarket value at the bobntr sheet date at the end of the financial period.
Investffjent properties are not depreciated.
FIKed 3sset Investments in unlsted equities are shown at the balance sheet date at the best estimate of market value,
where practicable. Where valution lethn￿￿ are consHaered ur￿e1￿b1e or where. In the opinion of the trustees. the
Costs outweigh the benefit to the user5 of the acctrjnis. the inve5tffent ¢s Included at cost. and a rev*Y4 is unthertaken
at each year end as to whether the asset should tE wnttw dohyn.
All gains ￿ fixed a$5et investments. whetlEr ￿lISed Cf uftrealtsed, are irKlude(S w¢thin the 5tstement of Financial
Acbvityes.
2.4. Cash and Cash Equi¥aleiits
Cash and cash equivalents are ba5K finafi￿1 assets ar￿ incbjde cash In hand and deposits heka at call with banks,
other short-term highly liquid Invesiments that mature in more than three month5 from the Oote of ac9U151tK7n and
are readily Convertible to a krrt)wn a￿K*Unt of cash with fftswnifKant risk of change in value. arKI bank overdrafts.
2.S. Taxatlo
The Trustees con51der that the charity satisfie5 rhe tests set out In Paiagfdph I schedu￿ 6 of the FInan￿ Act 2010 ftsr
UK corporation tsx pur￿. Accordingly. the Charity ts pot¢ntially exempt frorn taxation in respect of Ir￿me or
copital gains received within catewries coveTed by ctN3pter 3 part li of the Q)rsx)ration Tax Art 2010 tsr Section 256 of
the Taxation of Charge4ble Gains Act 1992. to the extent that suth Incorne or gains are applied exclusively on the
specifK Charitab￿ objects of the charty and for no other puYp)se. Value Added Tax ￿ ￿)t recoverable by the tharity,
and Is therefrKe Inciutled In the re*vant t05ts In the Statement of Financial Artivrties.
..CONTIt4UED
Page 9

Ernest Read Trust
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
2.5. Taxatbon- ¢ontinued
3. Investment Income
2025
2024
Unrestrtcted Unrestricted
fund5
funds
sank Interest reteivable
DIVidends from Investments
2.786
24.156
2,746
24,019
26,942
26,765
4. Analysis of Expenditure
2025
Grant
funding of
Support
activities
costs
(see note 51 (see note 61
Totsl
Ra151ng funds
17,700
480
18.180
2024
Grant
fundin9 of
Support
activities
osts
15ee note 51 (see note 61
Total
Raising funds
17,700
480
18.180
S. Grants Payable
2025
2024
Grants to
Grants to
Institutions Institutitsns
Ra151ng funds
17,700
17.700
Page 10

Ernest Read Trust
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
6. Support Cts$ts
202$
Ralslng
funds
Governance c05t5
480
2024
Rai$ing
funds
Govern?￿e ¢osts
480
7. Independent Exarnbner's Remuneratio
2025
2024
Independent examinatx>n of the finarKial 5totvnents
480
480
8. A¥erage Number d ernployees
Averdge number of employees 4JuriThg the year *os.' NIL 12024.. NIL)
9. Inveslments
Listed
Cost or Valuation
As at I September 2024
fair value adjustments
853,436
134,3121
As at 31 August 2025
819,124
Pro¥lslon
As at I September 2024
As at 31 August 2025
Net Book Value
AS at 31 August 2025
819,124
AS at i September 2024
853,436
IQ. Creditors: Amourts Falling Due Within One Year
202S
2024
Accruals antj deferred Incor
480
Page 11

ErDe5t Read Trust
Notes to the Flnancial Statements (¢ontinu¢d)
For The Year Ended 31 August 2025
11. Movement In Funds
A$8tl
September
2024
Asat31
Expenditure Au9USt 2025
Income
Unrestricted funds
General..
General unrestncted furKI
Endowment fund5
62.821
26,942
118,1801
71,583
Permanent..
Ethical Investment Fund
853.436
134,3121
819,124
Tot•1 fun41s
916,257
26.942
{52,4921
890,707
Asatl
Seprember
2023
A••t31
Ixp¢ndlture August 2024
Income
Unrestrirted funds
Gener61..
General Jnrestricted fund
Endowment funds
54,236
26,765
118.1801
62.821
Pefmanenr..
Ethical Investment Fund
781,628
71.808
853.436
Totsl funds
835,864
26.765
53,628
916,257
12. Transaetlons wlth Tru5tee5
None of the trustees received any rernuneration or any trther ber￿fitS from an employment with the charity or a related entity
during rh¢ current or previous year.
No trustee expenses have been Incurred.
13. Related P¥rty Dlsclosures
There have been no related pty transactions In the repo￿n9 penod that require d15cIosure.
Page 12

Ernest Read Trust
Detailed Statement of Flnancial Activities
For The Year Ended 31 August 2025
2025
2024
Total
funds
Total
funds
INCOME AND ENOOWMENTS FROM:
Investments
Dividends from other fixed a55et Investrnents listed
Bank Inte￿t re￿1vable
24,156
2,786
24,019
2,746
26,942
26,765
26,942
26,765
EXPENDITURE ON:
Ralsin9 funds
Grants to Institutions
Independent examiner'5 fees
117.7001
4801
117,7001
14801
118,1801
118,1801
118,180)
118,1801
NET INCOME YIEFORE 114VESTMENT GAINS
Net {l0$se5)/gJins on investments
8.762
8,585
Fair value Ideficitllsurplus on revaluation of investments
134,3121
71.808
134,3121
71,808
PIET (expENDrnJRE)IIMCOMe
125,5501
80.393
Page 13