## **THE HANDEL INSTITUTE** **REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023** **Charity Registration No. 296615** ## **THE HANDEL INSTITUTE** ## **FOR THE YEAR ENDED 31 DECEMBER 2023** |**CONTENTS**|**Pages**| |---|---| |Reference and administrative information|1–2| |Trustees’ report|3–8| |Independent Examiner’s report|9| |Statement of financial activities|10| |Balance sheet|11| |Notes to the financial statements
|12–15| ## **THE HANDEL INSTITUTE** ## **REFERENCE AND ADMINISTRATIVE INFORMATION** ## **FOR THE YEAR ENDED 31 DECEMBER 2023** |**Trustees**|Professor Donald Burrows| |---|---| ||Mr Laurence Cummings| ||Linda, Lady Davies| ||Professor John Deathridge| ||Mr John Greenacombe| ||Dr Andrew V. Jones| ||Professor Sir Curtis Price| ||Mr Peter Smaill| ||Dr Ruth Smith| ||Professor Colin Timms| |**Chairman**|Professor Donald Burrows| |**Secretary**|Professor Matthew Gardner (Council)| ||Professor Colin Timms (Trust)| |**Treasurer**|Ms Sylvia Levi, ACA| |**Council**|Professor Donald Burrows| ||Dr Terence Best (to 10 January 2024)| ||Dr Carrie Churnside| ||Dr Helen Coffey| ||Professor Matthew Gardner| ||Dr Berta Joncus| ||Dr Andrew V. Jones| ||Ms Sylvia Levi| ||Professor Sir Curtis Price| ||Dr Ruth Smith| ||Professor Reinhard Strohm| ||Professor Colin Timms| ||Dr Natassa Varka| ||Dr David Vickers| ||Dr Silas Wollston| ||Dr Lawrence Zazzo| |**Principal offices**|8 Bittell Lane| ||Barnt Green| ||Worcestershire| ||B45 8NS| ||254A Kew Road| ||Richmond| ||TW9 3EG| 1 ## **THE HANDEL INSTITUTE** **REFERENCE AND ADMINISTRATIVE INFORMATION** **FOR THE YEAR ENDED 31 DECEMBER 2023 (cont’d)** **Bankers** Co-operative Bank Plc PO Box 250 Delf House Southway Skelmersdale WN8 6WT **Charity registration number** 296615 2 ## **THE HANDEL INSTITUTE** ## **TRUSTEES’ REPORT** ## **FOR THE YEAR ENDED 31 DECEMBER 2023** ## **Structure, Governance and Management** The Handel Institute (‘the Institute’) was established by a Declaration of Trust made on 18 March 1987. The Institute is registered with the Charity Commission (registration number 296615) as a charity of which the purpose is the advancement of education through the promotion of the study and appreciation of the music and life of George Frideric Handel, research into the music of Handel and his contemporaries, and the publication of such research. The Trustees of the Institute possess a range of skills and experience. New Trustees are appointed by the existing Trustees, taking account of nominations or recommendations received: one Trustee is nominated by the Royal Musical Association and another by King’s College London; nominations and recommendations are made also by existing Trustees and by members of the Council. On appointment, Trustees are given a copy of the Trust Deed and the latest Report and Financial Statements of the Institute, and the Chairman and Secretary provide oral induction training. The Trustees delegate the day-to-day running of the Institute and its activities to a Council. The membership of Council currently stands at sixteen, of whom five are also Trustees. Council normally meets three times a year to plan and review the Institute’s publications (including online resources), its conferences and study days, and its collaboration with other bodies, especially the Hallische Händel-Ausgabe (HHA) and the Gerald Coke Handel Foundation (GCHF). ## **Relationships with Other Organisations** The Institute has specific responsibilities in relation to the HHA and the GCHF: - (a) under the terms of a collaborative agreement with the Georg-Friedrich-Händel-Gesellschaft, to nominate two persons to serve as British representatives on the Editorial Board of the HHA; - (b) arising from the will of Mrs Patricia Coke, which expressed the wish that the Gerald Coke Handel Collection be placed ‘in the care of the Handel Institute’, to nominate two persons to serve as Trustees of the GCHF. ## **Objectives of the Institute** ## **Summary of Objects** - (a) the study and appreciation of the music and life of George Frideric Handel; - (b) research into the music of Handel and his contemporaries, and encouragement of the publication of the results of such research; - (c) the advancement of related musical scholarship; - (d) collaboration with institutions, in Britain and other countries, having objects related to those of the Institute; - (e) international representation of British research on Handel. 3 ## **THE HANDEL INSTITUTE** ## **TRUSTEES’ REPORT** ## **FOR THE YEAR ENDED 31 DECEMBER 2023** ## **Aims** Within the broad framework of its objects, the Institute has the following aims: - (a) to promote and assist the cultivation of Handel studies in general and to support Handel scholarship and performance in Britain; - (b) to bring together in the Council of the Institute a group of leading scholars who are based primarily in Britain and have research interests in the subject-area; - (c) to maintain the Institute’s archives in a manner that complements other resources in Britain; - (d) to establish and maintain links with appropriate British and foreign institutions, such as the Gerald Coke Handel Foundation, the Georg-Friedrich-Händel-Gesellschaft, Handel & Hendrix in London, the American Handel Society and the Japanese Handel Society. ## **Activities** - (a) Publishing a twice-yearly Newsletter: the _Handel Institute Newsletter_ is the principal organ for the rapid dissemination of new discoveries or information about Handel, his music and his circle. In addition to research articles on such topics, it includes reviews of Handel conferences and overseas festivals, information on forthcoming Handel conferences and study days in this country, obituaries of leading Handel scholars and performers, and news of important publications. The _Newsletter_ is circulated to any individual or institution who has become a Friend of the Institute by paying an annual subscription. Friends can also see every issue of the _Newsletter_ online at www.handelinstitute.org; the index to the _Newsletter_ and a selection of articles is accessible by the general public. - (b) Supporting the preparation and publication of the HHA, the modern scholarly edition of Handel’s collected works (in progress): this multi-volume edition, which is published by Bärenreiter in Kassel (Germany), is available for purchase by the public through the usual channels and for hire by performers from the publisher. - (c) Providing and administering funds for the furtherance of research into Handel and his contemporaries, for attendance at Handel conferences, and for productions of Handel’s operas: applications are invited by advertisements in the newsletter of the Institute and in that of the American Handel Society, on the Jiscmail musicology mailing list and on handelinstitute.org. Research awards are made annually but normally not in years when the Institute is providing financial support for an international conference; conference and opera awards are made on an occasional basis. - (d) Organising conferences and study days on Handel and his contemporaries: these events are open to the public on payment of a modest registration fee. - (e) Promoting the preparation and publication of works relevant to the study of Handel and his contemporaries. - (f) Assisting in the maintenance and development of the Gerald Coke Handel Collection at the Foundling Museum (London): the collection is open to the public and is supported by the Gerald Coke Handel Foundation. Two members of the Institute are nominated to serve on the board of the Foundation. The Trustees pay due regard to the Charity Commission’s guidance on public benefit in deciding which activities the Institute should undertake or support. 4 ## **THE HANDEL INSTITUTE** ## **TRUSTEES’ REPORT** ## **FOR THE YEAR ENDED 31 DECEMBER 2023** ## **Achievements and Performance** ## **Conference** The Thirteenth Handel Institute Conference took place on 17–19 November. An opening reception and a concert by Ensemble Molière at the Foundling Museum were followed by two days of papers at the Bridewell Centre and a reception at the newly refurbished Handel Hendrix House. This conference, the first to invite papers on any Handel-related subject, attracted an exceptionally large number of proposals, of which nineteen were selected. The speakers came from Austria, France, Germany, Ireland, Italy, the USA and the UK. ## **Awards** Research awards: two applications had been received. An award of £1,500 was made to Peter Kohanski (University of North Texas) for research at the Irish National Archives into musical performances given by the Mercer’s and Rotunda hospitals. Conference awards were made to six scholars scheduled to speak at the Handel Institute conference in November (see above): Francesca Greppi (Bologna) £625; Minji Kim (Andover, Mass.) £1,110; Ina Knoth (Hanover) £650; Yseult Martinez (Angers) £550; Joe Nelson (Worcester, Mass.) $592; Cathal Twomey (Dublin) £550. Opera awards: two applications had been received. An award of £5,000 was made to Ensemble Grand Siècle for a production of Deidamia at the Unicorn Theatre, Abingdon, in September 2024. ## **Publications** ## _George Frideric Handel: Collected Documents_ Work continued on volumes 5 and 6, containing documentary evidence related to Handel’s last years. Following the closure of the Camden office of the Open University, the working files and papers relevant to these volumes were moved to the Gerald Coke Handel Collection at the Foundling Museum. The project continued to be supported by grants from the University and from the Handel Institute’s Winton Dean Fund. ## _Handel Institute Newsletter_ As usual, two issues were published. The Spring number (34/1) included articles by Simon Daniels on the restoration of 25 Brook Street, Michael Talbot on a keyboard fugue ascribed to both Handel and Bach, Yseult Martinez on the literary background to Handel’s _Alcina_ and Estelle Murphy on a violin concerto by Geminiani mistakenly attributed to Matthew Dubourg; Donald Burrows reported on a Walsh conference at Greifswald and the American Handel Society conference at Indiana University, Bloomington. The Autumn issue (34/2) presented the abstracts of the papers to be read at the Handel Institute conference in November, an article by Burrows on the ‘Great Catalogue’ of John Walsh and reports on the Halle Handel Festival (David Vickers) and Conference (Colin Timms). Following a number of changes at the University of Birmingham Printing Section, the production of Newsletters and conference booklets was transferred to the Bromsgrove Printing Company. ## **Hallische Händel-Ausgabe (HHA)** Council members continued working as editors: _Scipione_ , ed. Reinhard Strohm, and Cantatas for solo voice and continuo, vol. 1, ed. Andrew V. Jones, were being prepared for publication, while Donald Burrows made significant progress on a new edition of _Messiah_ . Work continued also on _Belshazzar_ (Natassa Varka), _Deborah_ (Matthew Gardner), _Hercules_ (Silas Wollston), _Muzio Scevola_ (Carrie Churnside) and _Partenope_ (David Vickers). 5 ## **THE HANDEL INSTITUTE** ## **TRUSTEES’ REPORT** ## **FOR THE YEAR ENDED 31 DECEMBER 2023** Council members also continued acting as monitors: Donald Burrows for _Schauspielmusiken_ , _Deborah_ and _The Triumph of Time and Truth_ ; Matthew Gardner for _Siroe_ and the Te Deums in D and A (HWV 280 and 282) and Colin Timms for _Belshazzar_ , _Giustino_ , _Muzio Scevola_ and _Partenope_ . Colin Timms translated the prefaces to _Siroe_ and _Schauspielmusiken_ from German and the texts of the Cantatas and of a version of _Siroe_ from Italian. ## **Educational Initiatives** The Trustees and Council considered a variety of ways in which some of the Institute’s assets could be used for educational purposes, with the aim of encouraging greater interest in Handel and in the editing of his music. No firm decision was taken by the end of the year, but there was considerable interest in proposals for a two-day study course every other September, similar to that held in Halle, and for a PhD studentship funded by the Institute. Discussion of these possibilities continues. ## **Gerald Coke Handel Foundation** The Institute continued to be represented by two nominees on the board of the Gerald Coke Handel Foundation (GCHF). Sylvia Levi was nominated to succeed Andrew V. Jones on his retirement; Peter Smaill continued to serve. The Institute continued to receive and consider written reports on the business of the Foundation and to assist in the maintenance and development of the Gerald Coke Handel Collection. The Council and Trustees discussed the GCHF’s procedures and the Foundling Museum’s dealings with the Foundation. ## **Relations with other Organisations** The Institute continued to work with the Georg-Friedrich-Händel-Gesellschaft, the American Handel Society, Handel & Hendrix in London, the Japanese Handel Society and others, and to offer advice and assistance when required. ## **The Institute’s Collections** The Institute was informed that its archive of papers, including agendas, minutes, briefing papers and correspondence of past chairmen, secretaries and treasurers, could continue for the time being to be held at the Open University, Milton Keynes. Meanwhile, Matthew Gardner would explore the possibility of digital storage for future papers. ## **Review of Financial Activities** The level of financial activity was slightly higher in 2023 than in the previous year, principally because of the Conference in November 2023. Investment income continued to grow slightly and total income for the year was £26,430, thus necessitating an Independent Examination of the financial statements for the year. The number of Newsletter subscribers rose slightly during the year, although the number using the Institute’s website has remained largely static. The main item of expenditure, as noted, was the Conference (£6.9k). There was a slight increase in the number of grants made, again many relating to the Conference, as detailed above. Once again, the Winton Dean Fund did not hold sufficient cash to make, when payable, the full amount of the grant made to the Open University in support of _the George Frideric Handel: Collected Documents_ project, and the balance was paid from the cash reserves of the unrestricted funds. Assets to the value of the amount paid by the latter were therefore transferred from the Winton Dean Fund. An analysis of all expenditure is provided in Notes 5 and 6 to the Financial Statements. 6 ## **THE HANDEL INSTITUTE** ## **TRUSTEES’ REPORT** ## **FOR THE YEAR ENDED 31 DECEMBER 2023** Pleasingly, after their very substantial fall in value at the year-end of 2022, the Institute’s investments recovered markedly during 2023 and at the year-end had risen in value by 9% to stand at £843,155. There was therefore a marked increase also in the year-end value of all Funds, as shown in the Statement of Financial Activities on page 10. ## **Risk Management** The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the Trust and are satisfied that systems are in place to mitigate its exposure to the major risks. The relevant risks are (a) that the Institute's investments may fall in capital value or fail to generate sufficient income, mitigated by the specialist nature of the relevant investment funds, being tailored to charities; and (b) that external factors beyond the Institute’s control may cause its major projects to be prolonged beyond their current target dates. The Institute’s representatives regularly liaise with its external colleagues about such matters. ## **Reserves policy** The Trustees aim to preserve the Institute’s reserves at a level that equates to at least seven years’ unrestricted expenditure. This would allow for the completion of the significant projects with which it is involved while continuing its other activities and allowing for an orderly wind-down of the Institute, should this become necessary. The current level of the Institute’s reserves is well above this amount. ## **Plans for Future Periods** The Institute intends to continue with all its activities as summarised at the beginning of this report. In particular, it intends: - to encourage the development of young Handel scholars; - to enhance its activities and promote the work of those interested in Handel (in the UK and elsewhere) by, for example, making greater use of the internet; - to support publications relating to Handel and his music, including the Hallische Händel-Ausgabe and _George Frideric Handel: Collected Documents_ ; - to offer awards in support of research, conference attendance and the production of Handel’s operas; - to continue to mount Handel conferences open to the public; - to continue to organise and contribute to study days on Handel, relating particularly to performances of his works and seeking to reach the widest possible audience. ## **Statement of Trustees’ Responsibilities** The Trustees are responsible for preparing the annual report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. The law applicable to Charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources of the Charity for that period. 7 THE HANDEL ll¥STrrirrE TRUSTELS. REPORT FOR THE YEAR ENDED 31 DECEMBER 2•23 that ibe Chrny will in oF¢T￿LmL lime the fYMitiLm ofthe C?￿rity to en•bk them ￿ eDAlle the fir￿1￿ *alCtt￿ ¢Of41ly with ttr* C1wiiies Aci 2011. the Cblriry (Accouots Ird Rewrn) Re8uIAD'ons 2010 the provixiLm of th¢ lo 2Q24 (Xb their b¢1￿1(by. In ## **INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS** I report to the trustees on my examination of the accounts of the Handel Institute (“the Charity”) for the year ended 31[st] December 2023. As the Charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect: - the accounting records were not kept in accordance with section 130 of the Charities Act; or - the accounts did not accord with the accounting records; or - the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Name: Andrew Craig Address: 16 Cranmer Rd, Hampton Hill, Middlesex, TW12 1DW Date: 10[th] October 2024 9 ## THE HANDEL INSTITUTE ## STATEMENT OF FINANCIAL ACTIVITIES ## FOR THE YEAR ENDED 31 DECEMBER 2023 |Note
Income from:
Donations and legacies
2
Investment income
3
Charitable activities (Subscriptions)
Other
Expenditure on:
Charitable activities
Grant–making
6
Other
Other expenditure
Total expenditure
5
Net income/(expenditure) before
gains and losses on investments
Net gains on investments
Net income/(expenditure)
Transfer of assets
10
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward|2022
Unrestricted
funds
Restricted
funds
Total funds
Prior period
Total funds
£
£
£
£
258
-
258
195
21,817
2,705
24,522
23,369
1,650
-
1,650
1,340
-
-
-
70| |---|---| ||23,725
2,705
26,430
24,974| ||7,040
10,000
17,040
9,339
3,046
-
3,046
2,148
8,440
-
8,440
1,231| ||18,526
10,000
28,526
12,718| ||5,199
(7,295)
(2,096)
12,256
61,422
9,535
70,957
(101,608)| ||66,621
2,240
68,861
(89,352)| ||2,687
(2,687)
-| ||69,308
(447)
68,861
(89,352)| ||784,666
89,367
874,033
963,385
---------------------
--------------------
--------------------
--------------------
£853,974
£88,920
£942,894
£874,033
==========
==========
==========
==========| 10 THE ￿4M￿l IN5Trrt ASAT 31 [￿moER J123 Funds Flxed 055ets 750.1 92.978 843,155 772.198 Debttys Short term depjsll Cash at bank 2.555 32,¢XM) 67,966 52,(¥XI 52.167 52.(MX) 53.IlYJ 942 I￿.507 942 105,449 102,521 c￿dIt￿l. an￿￿rrtS f•11￿ d wiihin one year 17101 15.lJXII 15.7101 16861 103.797 99,739 101,835 £853.974 E88.920 £942,894 £874,033 Restrkted Incg>me Funds io io 88.920 81920 853.974 89.367 853.974 £853.974 £88.920 £942,894 74.033 The financial statements *tre apwtrrtd and autho￿ f￿ iv the Trusteeson_.-.....-............................2024 and signed on their i*hall. ￿. Professty Donakl &Jrrows, Chairman (L ia Lew, H￿orary Treasurer ## THE HANDEL INSTITUTE ## NOTES TO THE FINANCIAL STATEMENTS ## FOR THE YEAR ENDED 31 DECEMBER 2023 ## 1. ACCOUNTING POLICIES ## a) Accounting convention The accounts (financial statements) have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities published on 16/07/14, the Financial Reporting Standard for Smaller Entities (FRSSE), and the Charities Act 2011 and applicable regulations. The accounts have been prepared under the historical cost convention as modified by the inclusion of investments at market value. ## b) ## Incoming resources Legacies and donations are recognised when receivable or when the Charity becomes legally entitled to them. The income from Friends’ subscriptions to The Handel Institute _Newsletter_ is recognised in the year for which it is received. Investment income is accounted for in the period in which the charity is entitled to receipt. ## c) Resources expended Expenditure is included on an accruals basis. Grants payable are charged in the year when the offer is conveyed to the recipient. Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include independent examination fees and costs linked to the strategic management of the charity. ## d) Fixed asset investments Investments are included at closing mid-market value at the balance sheet date. Any gain or loss on revaluation is taken to the Statement of Financial Activities. ## e) Funds Unrestricted funds comprise those funds which the trustees are free to use in accordance with the charitable objects. Restricted funds are funds which have been given for particular purposes and projects. |2.|DONATIONS AND LEGACIES|£|£| |---|---|---|---| |||2023|2022| ||Donations (one donation of £100 was made||| ||by a Trustee of the Institute)|£258|£195| 12 ## THE HANDEL INSTITUTE ## NOTES TO THE FINANCIAL STATEMENTS (continued) ## FOR THE YEAR ENDED 31 DECEMBER 2023 |3.|INVESTMENT INCOME|£|£| |---|---|---|---| |||2023|2022| ||Dividends – UK equities|23,147|23,058| ||Interest on cash deposits|1,375|311| |||--------------|--------------| |||£24,522|£23,369| |||=======|=======| |4.|GOVERNANCE AND SUPPORT COSTS|£|£| |||2023|2022| ||Costs of meetings|1,614|1,410| |||--------------|--------------| |||£1,614|£1,410| |||=======|=======| The trustees have decided to meet all governance costs from unrestricted funds and so no allocation or charge is made to restricted funds for any governance related costs. No trustee received any remuneration during the year (2022 none). ## 5. ANALYSIS OF CHARITABLE AND OTHER EXPENDITURE The charity undertakes its work through the making of grants and other activities |||Direct|Grants|Total|Total| |---|---|---|---|---|---| |||Costs|Payable|2023|2022| |||£|£|£|£| |From unrestricted funds:|||||| |Grants for travel to conferences|||5,540|5,540|-| |Research grants|||1,500|1,500|339| |Newsletter expenses||1,432||1,432|736| |Website expenses||1,235||1,235|1,209| |Sundry expenditure||-||-|24| |Governance and support costs|Note 4|1,614||1,614|1,410| |Net conference expenditure||6,905|-|6,905|-| |Cost of independent examination||300||300|-| |From restricted funds:|||||| |Documents project|||5,000|5,000|9,000| |Performance grant|||5,000|5,000|-| |||-------------------|--------------------|-----------------|-----------------| |||£11,486|£17,040|£28,526|£12,718| |||==========|==========|=========|=========| 13 ## THE HANDEL INSTITUTE ## NOTES TO THE FINANCIAL STATEMENTS (continued) ## FOR THE YEAR ENDED 31 DECEMBER 2023 |6.|ANALYSIS OF GRANTS PAYABLE|2023|2022| |---|---|---|---| |||£|£| ||Payable to institutions:||| ||The Open University|5,000|9,000| ||Ensemble Grand Siècle|5,000|-| ||Payable to individuals|7,040|339| |||-----------------|-----------------| |||£17,040|£9,339| |||=======|=======| |7.|INVESTMENTS|2023|2022| |||£|£| ||Market value brought forward at 1 January 2023|772,198|873,806| ||Revaluation gains/(losses)|70,957|(101,608)| |||----------------|----------------| ||Market value carried forward at 31 December 2023|£843,155|£772,198| |||=======|=======| ||Historical cost|£494,766|£494,766| |||=======|=======| At the year-end the charity held 42,487.06 income shares in COIF Charities Investment Funds. |8.|ANALYSIS OF CURRENT ASSET DEBTORS|2023|2022| |---|---|---|---| |||£|£| ||Other debtors|-|2,340| ||Gift Aid claimable|340|215| |||----------------|----------------| ||All debtors in both 2023 and 2022 related to the unrestricted funds|£340|£2,555| |||**========**|**========**| |9.|CREDITORS - DUE WITHIN ONE YEAR|2023
|2022| |||£|£| ||Deferred income|410|490| ||Other creditors|5,300|196| |||----------------|----------------| ||In 2023, one creditor of £5,000 related to a restricted fund.|£5,710|£686| ||All other creditors in 2023 and all creditors in 2022 related to||| ||the unrestricted funds||| |||========|========| 14 ## THE HANDEL INSTITUTE ## NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2023 |10.|ANALYSIS OF CHARITABLE|FUNDS|||||| |---|---|---|---|---|---|---|---| |||Balance|Income|Expenditure|Gains and|Transfer of|Balance 31| |||1 January|||losses|assets|December 2023| |||2023|||||| |||£|£|£|£|£|£| ||Winton Dean Fund|75,940|2,313|(5,000)|9,144|(2,687)|79,710| ||Cambridge Handel Opera|13,427|392|(5,000)|391|-|9,210| ||Group Fund||||||| ||Unrestricted funds|784,666|23,725|(18,526)|61,422|2,687|853,974| |||----------------|----------------|----------------|----------------|----------------|----------------| |||£874,033|26,430|(28,526)|70,957|0|£942,894| |||========|========|========|========|========|========| 15