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2024-12-31-accounts

THE HANDEL INSTITUTE

REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Charity Registration No. 296615

THE HANDEL INSTITUTE

FOR THE YEAR ENDED 31 DECEMBER 2024

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
 12–16

THE HANDEL INSTITUTE

REFERENCE AND ADMINISTRATIVE INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2024

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 2024 (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 2024

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:

OBJECTIVES OF THE INSTITUTE

Summary of Objects

3

THE HANDEL INSTITUTE

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

Aims

Within the broad framework of its objects, the Institute has the following aims:

ACTIVITIES

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 2024

ACHIEVEMENTS AND PERFORMANCE

EDUCATIONAL INITIATIVES

International Research Collaboration

Council agreed that the Institute should collaborate with the Hallische Händel-Ausgabe by supporting the initial stage of a research project on Handel’s Italian texts.

PhD Scholarship

The Trustees and Council explored ways in which some of the Institute’s assets could be used for educational purposes. Council approved in principle a draft proposal for a scholarship to cover the tuition fees of a PhD student but referred it for further consideration in light of the lack of demand in tertiary education for specialists in Baroque music.

EVENTS

International Study Day

A Study Course committee was established to pursue the proposal, mentioned in last year’s Report, for a UK study course every other year, to complement the biennial Studienkurs in Halle. The result was an International Study Day at the Foundling Museum in November, entitled ‘Handel’s Deidamia : Myth, Literature and Music’. The event was master-minded by Reinhard Strohm; other speakers included Francesca Menchelli-Buttini (Conservatorio di Pesaro), Carlo Caruso (Università di Siena), and Matthew Gardner and Colin Timms (Handel Institute); a lecture-recital on Deidamia was presented by members of Muse’s Kiss. The event was booked to capacity and attracted a varied audience, including overseas visitors; the Institute awarded travel bursaries to two students.

Conference

Preparations began for the Fourteenth Handel Institute Conference in November 2025. The Thirteenth Conference in 2023 was so successful that Council had decided that conferences should become biennial rather than triennial events.

AWARDS

Research

Awards of £450 were made to Jack Comerford (University of Southampton) to enable him to consult research materials at the Royal College of Music, the Foundling Museum and the British Library, and £700 to Paul Feller-Simmons (Northwestern University) for the purchase of a digital reproduction of Cambridge University Library MS Add. 9467.

Conference

Awards were made to four scholars scheduled to speak at the American Handel Society conference in February 2025: Berta Joncus £852; Yseult Martinez £1,600; Ruth Smith £1,338; David Vickers £1,940.29, and to Yiyun Liu (£495.99), a speaker at the BSECS conference in January 2025.

Opera

One application was received. It did not meet the published criteria for an award and so was rejected.

Other

  1. The Institute would provide £1,000 in aid of a concert of music by Handel and others at the Biennial International Conference on Baroque Music, to be hosted by the Royal Birmingham Conservatoire in July 2025. 2. The Institute would donate £500 sponsorship towards the publication of a Festschrift for Professor Wolfgang Hirschmann, co-general editor of the Hallische Händel-Ausgabe.

5

THE HANDEL INSTITUTE

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

PUBLICATIONS

George Frideric Handel: Collected Documents

Work continued on volumes 5 and 6. The second proof of volume 5 was corrected and returned to Cambridge University Press, and a complete draft of volume 6 was submitted to the publisher. The project continued to be supported by grants from the Open University and the Handel Institute’s Winton Dean Fund.

Hallische Händel-Ausgabe (HHA)

Council members continued working as editors: Reinhard Strohm’s edition of Scipione was published during the year, and Donald Burrows submitted his new edition of Messiah . Andrew V. Jones’s edition of Cantatas for solo voice and continuo, vol. 1, was prepared for publication, and Natassa Varka’s edition of Belshazzar neared completion. Matthew Gardner, Carrie Churnside and David Vickers continued their work on Deborah , Muzio Scevola and Partenope , respectively.

Council members also continued acting as monitors: Donald Burrows for Schauspielmusiken , Deborah and The Triumph of Time and Truth ; Matthew Gardner for Siroe (published in 2024) and the Te Deums in D and A (HWV 280 and 282), and Colin Timms for Belshazzar , Giustino (published in 2024), Muzio Scevola and Partenope .

Colin Timms translated the German preface to Giustino .

Handel Institute Newsletter

The Spring number (35/1) included articles by Donald Burrows on Handel’s association with the singer Christina Avolio, Konstanze Musketa on the missionary Johann Andreas Manitius and his visit to London in 1734, Tina Vadaneaux on the Continuo Foundation, and Colin Timms on the translator George Oldmixon; Katharine Hogg reported on recent additions to the Gerald Coke Handel Collection. The Autumn issue (35/2) presented articles by Graham Cummings on Senesino’s relations with Handel and Peter Holman on the Cannons Ruckers harpsichord; Donald Burrows contributed an obituary of Terence Best, and Rashid-S. Pegah reported on the Telemann (and Keiser) festival in Magdeburg.

HANDEL INSTITUTE ARCHIVE

The collection of Handel Institute documents currently stored at the Open University would not be digitalised at present. Andrew V. Jones would manage an ongoing archive of physical documents, while Matthew Gardner would compile a digital archive for the future.

RELATIONSHIPS WITH OTHER ORGANISATIONS

Gerald Coke Handel Foundation

The Institute continued to be represented on the board of the Gerald Coke Handel Foundation by Sylvia Levi and Peter Smaill. The Council and Trustees continued also 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. They took a particular interest in developments concerning personnel and financial procedures.

The English Concert

Council responded positively to an approach from The English Concert about the possibility of collaboration. Any specific request for assistance or collaboration would be sent by the Secretary to an appropriate member of Council.

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.

6

THE HANDEL INSTITUTE

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

PERSONALIA

  1. Terence Best, a founder member of the Institute and joint general editor of the Hallische Händel-Ausgabe, died on 10 January 2024. An obituary by Donald Burrows appeared in the Institute’s Newsletter, 35/1 (2024). 2. We also record the death of the Czech Handel scholar Pavel Polka (16 August).

  2. The memoirs of Winton Dean, a founder member of the Institute, were published as An Engagement with Time (Brighton: Dynasty Press, 2024).

REVIEW OF FINANCIAL ACTIVITIES

Income in 2024 was markedly higher than in the previous year, principally because of generous legacies., One of these, from Terence Best, will be employed as a Designated Fund within the Institute’s Unrestricted Funds. Investment income was also somewhat higher, as a result of an increase in the interest that the Institute received on its bank deposits. The level of Newsletter subscribers has again remained largely static.

In respect of expenditure, there was no Conference this year, but there was, as noted above, a Study Day for the first time. Research and Conference awards were made, again as noted above, and bursaries to attend the Study Day were also awarded .An analysis of all expenditure is provided in Notes 4 to 8 to the Financial Statements.

The value of the Institute’s investments rose somewhat in addition, although it has fluctuated somewhat since the year end

The resulting increases in Unrestricted and Restricted Funds were respectively £35,298 and £4,549. The combined value of the Funds at 31 December 2024 was £982,741.

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:

7

ThE HANDEL JNSTITUTE TRUSTEES, REPORT FOR ThE YEAR ENDED 31 DECEMBER 2024 to offer amards in sllpwrt of ￿Sta[Cl￿ conference atrNlaw¢ aThl the pwthctionof H2Th1el's to continue to mount HaNtI COnfere￿S 0￿] to t￿ public: to contll￿ to OtgaDise atKi conuibute to Siudy days on Hanthl. ￿lalIng paits"ctthly to perfOnna￿¢S of hts WO￿ a￿1 seeking io reach the Th'iik5t W￿1b]e audience. STATEMEN'f OFTRUSTEES. RESPONSIBiiniES Tr Trustees are responsible lor P￿patIng anmial ryrt aTKI fi￿cIal statenjents in xc0rda￿C with applicabk law and Ullited Kingdom Ge￿rallY Accepted Accouming P￿Ice. Tr law applicable to Chiitics in England and Wales TCqUi￿5 t}￿ Trustees to p￿p￿r f￿a￿la1 ￿aten￿llts for h financial yearwhich give a and fairvicw of the stste of affairs of the Cknty and of the incoming resources aThl applicion of Rsourc¢s of Clwity fortlBt peri(xl. In p￿paring tlrse fina￿la1 S￿¢m¢nts, the Tnths are to.. sele¢l witable counting pohci¢s aNlthen ￿lY tlrm consistentty: obserye the n￿tI￿NIS ajxl pri￿lpleS in tbe Cl]arittes Sthiement of ReCOm￿n<kd Prnctice. Tnakc judgen*nts and estirnates tbai are r&7sonable and pru(kllL state wI￿ll￿r applicable accounting staThlards hqve been follow¢¢ subj￿1 to any mat¢iial departures th"scloscd and explai￿1 in tk fi￿￿la1 ststem¢rns: ptEpar¢ fillanciai ststem¢AttS on the going cO￿¢mbaS1S wde&s it Is iropproixl￿ to presun tbat the Clwity continue ill operatiotL Tr Trnstees are forkeeping ptDkKr accourting records which di￿10$e with Teasomable accurdcy * any till￿ the fina￿la1 ￿sItiOn of tlk Charity and to enable ensure the fiN￿la1 statements compl!, with tk ch￿ltieS Acl 2011, Charity (Accounts a￿1 R4Y)rts) Regulations 2010 a￿1 thc provlsiong of Tntst Deed. also ￿S￿L81ble for saf¢gwding the a&sets of tlK Clty at¥J hell￿ fortaknllg rcasojjable steps for th¢ p￿VentIOn a￿1 deteclion of frnud and Oll￿rittegllEarItiC$. Approved by th¢ Twst¢es on ..?. .. .Q.cte&¢¥....2025 and signed &8 authorised on their behalf by.: Profe&wr Colin Timms

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 2024.

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:

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: 9[th] October 2025

9

THE HANDEL INSTITUTE

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2024

Note
Income from:
Donations and legacies
2
Investment income
3
Income from charitable activities
Other
Expenditure on:
Charitable activities
Grant-making
5
Other
Other expenditure
Total expenditure
8
Net income/(expenditure) before
gains and losses on investments
Net gains on investments
Net income/(expenditure)
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 2023
Unrestricted
funds
Restricted
funds
Total funds
Prior period
Total funds
£
£
£
£
10,844
-
10,844
258
23,406
2,589
25,995
24,522
1,600
-
1,600
1,650
-
-
-
-
35,850
2,589
38,439
26,430
8,831
-
8,831
17,040
2,262
-
2,262
3,046
6,547
-
6,547
8,440
17,640
-
17,640
28,526
18,210
2,589
20,799
(2,096)
17,088
1,960
19,048
70,957
35,298
4,549
39,847
68,861
-
-
35,298
4,549
39,847
68,861
853,974
88,920
942,894
874,033
---------------------
--------------------
--------------------
--------------------
£889,272
£93,469
£982,741
£942,894
==========
==========
==========
==========

10

ThE HANDEL INSTrruTE BALANCE SHEET AS AT 31 DECEMBER 2024 Unrestrictal Income Funds Restrirted Income Funds Total 2024 Total 2023 Nots Fixed ossets 767.265 94.938 862.203 843,155 Current assets Dèbtors Short term deposit Cash at bank 549 52.¢X(I 72.868 549 52,C 76.399 52.C(#) 53,109 3.531 Total current assets 125,417 3.531 128,948 105,449 Creditor& amounts falling due within one year li (3,4101 15.c((Il 18,4101 15,7101 Net ¢urrent a55&51{Ilabiltties) I22,￿7 IL4691 120.538 99,739 Net assets £889.272 £93.469 £982,741 £942,894 Income fvnd$ Restricted I￿orne Funds Unrestricted Incomo Funds 93,469 93,469 889,272 88,920 853.974 889,272 Total funds £889,272 £93,469 £982,741 £942,894 The financial statements were approved and authorised for issue by theTrustees on......... and signed on their behalf by- ortober 2025 Professor Donald Burrow5, Chaiman Sylvia Levi, Honorary Treasurer

THE HANDEL INSTITUTE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

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
Donations
Legacies		 £
2024
594
10,250
£10,844		 £
2023
258
-
£258

12

In 2023 one donation of £100 was made by a Trustee of the Institute.

THE HANDEL INSTITUTE

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2024

3. INVESTMENT INCOME £ £
2024 2023
Dividends 23,470 23,147
Interest on cash deposits 2,525 1,375
-------------- --------------
£25,995 £24,522
======= =======
4. GOVERNANCE AND SUPPORT COSTS £ £
2024 2023
Costs of meetings 1,809 1,614
-------------- --------------
£1,809 £1,614
======= =======
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 (2023 none).
5 ANALYSIS OF GRANTS PAYABLE 2024 2023
£ £
Payable to Institutions
The Open University - 5,000
Ensemble Grand Siècle - 5,000
Birmingham City University 1,000 -
Payable to Individuals (see also 7,831 7,040
Note 7)
----------------- -----------------
£8,831 £17,040
As at 31 December 2024 Ensemble ======= =======
Grand Siècle had not yet fulfilled
the conditions for payment of its
grant.
6 NET CONFERENCE EXPENDITURE 2024 2023
£ £
Income - 4,080
Expenditure - (10,985)
----------------- -----------------
£- £6,905
========= =========

13

THE HANDEL INSTITUTE

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2024

7 NET STUDY DAY EXPENDITURE

NET STUDY DAY EXPENDITURE 2024 2023
£ £
Income 335 -
Expenditure (4,996) -
----------------- -----------------
£(4,661) £-
Bursaries of £455 were also paid for ========= =========
the Study Day (see Note 8)

8 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 2024 2023
£ £ £ £
From unrestricted funds:
Grants for travel to conferences 6,226 6,226 5,540
Research grants 1,150 1,150 1,500
Study Day bursaries 455 455 -
Conference concert grant 1,000 1,000 -
Governance and support costs Note 4 1,809 1,809 1,614
Newsletter expenses 453 453 1,432
Website expenses 1,039 1,039 1,201
Festschrift donation 500 500 -
Sundry expenditure 47 47 34
Net conference expenditure Note 6 - - - 6,905
Net Study Day expenditure Note 7 4,661 4,661 -
Cost of independent examination 300 300 300
From restricted funds:
Documents project - - 5,000
Performance grant - - 5,000
------------------- -------------------- ----------------- -----------------
£8,809 £8,831 £17,640 £28,526
========== ========== ========= =========

14

THE HANDEL INSTITUTE

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2024

9. INVESTMENTS 2024 2023
£ £
Market value brought forward at 1 January 2024 843,155 772,198
Revaluation gains/(losses) 19,048 70,957
---------------- ----------------
Market value carried forward at 31 December 2022 £862,203 £843,155
======= =======
Historical cost £494,766 £494,766
======= =======
At the year-end the charity held 42,487.06 income shares in COIF Charities Investment Funds.
10. ANALYSIS OF CURRENT ASSET DEBTORS 2024 2023
£
 £
Other debtors - -
Gift Aid claimable 549 340
---------------- ----------------
All debtors in both 2024 and 2023 related to the unrestricted £549 £340
funds
======== ========
11. CREDITORS - DUE WITHIN ONE YEAR 2024
 2023
£
 £
Deferred income 430 410
Other creditors 7,980 5,300
---------------- ----------------
£8,410 £5,710
======== ========
In both 2024 and 2023 one creditor of £5,000 related
to a restricted fund. All other creditors related to the
unrestricted funds.

15

THE HANDEL INSTITUTE

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2024

12. ANALYSIS OF CHARITABLE FUNDS

Balance Income Expenditure Gains and Transfer of Balance 31
1 January losses assets December 2024
2024
£ £ £ £ £ £
Restricted Funds:
Winton Dean Fund 79,710 2,224 - 1,801 - 83,735
Cambridge Handel Opera 9,210 365 - 159 - 9,734
Group Fund
Unrestricted Funds:
Designated -Terence Best
Fund 0 10,000 - - - 10,000
Other Unrestricted funds 853,974 25,850 17,640 17,088 - 879,272
---------------- ---------------- ---------------- ---------------- ---------------- ----------------
£942,894 38,439 17,640 19,048 £–
£982,741
======== ======== ======== ======== ======== ========

16