Charity registration number 311088 

## The Williams Church Music Trust 

Annual Report and Unaudited Financial Statements For the year ended 5 April 2025 

[ GilbertGHARTERED AGQCGOUNTANTS 

## The Williams Church Music Trust 

## Contents 

||Page|
|---|---|
|Trustees’ report|1-3|
|independentexaminer's report|4|
|Statementoffinancial activities|5|
|Balance sheet|6|
|Statementof cash flows|?|
|Notestothefinancialstatements|8-16|



## The Williams Church Music Trust 

## Legal and Administrative information 

2 Te SSO ta ee Ce A Ae et lB ee lO Cc ce 

## Trustees 

Mr R W Hattrell - Chairman Dr DO Bird 

Mrs ® van Weede MrC § Prentice Mrs C Meilton Mrs J Brooke-Hughes 

{Appointed 30 June 2025) 

Charity number 

## 311088 

Principal address 

## Pendragon House 

65 London Road St Albans Hertfordshire ALi ilJ 

independent examiner 

Mr M P Attwood ACA Attwoods Chartered Accountants 12 Palfrey Close St Albans Hertfordshire AL3 SRE 

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## The Williams Church Music Trust 

## Trustees’ Report For the year ended 5 April 2025 

## The trustees present their annual report and financial statements for the year ended 5 April 2025. 

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the trust's governing document, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of ireland {FRS 102) (effective 1 January 2019)". 

## Objectives and activities 

The Trust Deed states that the objects of the Trust are:- 

{a) The promotion of the study, practice and improvement of instrumental music (including in particular organ music); and 

(b) The promotion of the study, practice and improvement of singing {in particular choral singing) especially in connection with the services of the Church of England and of Churches in communion with the Church of England. 

in addition the Deed provides for the creation and administration or assistance in the provision of scholarships, exhibitions, or prizes for the encouragement of Church Music or singing. 

The Trust Deed gives the Trustees wide discretion with regard to investment powers and they have power to apply both income and capital to the furtherance of the above objects. The Trustees’ present grant making policy is to use some of the capitalto enable them to sm **o** ut fluco **t** uationsh in the stock market and interest rates providedthat theamountso used is within the overall return that they are seeking to achieve. This policy is reviewed at regular Trustees’ meetings. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the trust should undertake. 

## Achievements and performance 

The notes attached to the accounts give full details of the grant commitments in the year. Grant commitments made during the year were in line with the objective set by the trustees. Commitment and payment of grants is made after applications have been considered at regular Trustees’ meetings. 

## Financial review 

## Financial position 

Full details of the Trust’s financial position are shown in the accounts attached to this report. The Charity's net loss for the year was £153,087 (2024 net income: £78,895). 

The trustees consider that the financial position and reserves of the charity are satisfactory. 

## Reserves policy 

As at 5 April 2025, unrestricted reserves were £1,537,103 (2024: £1,690,190). The reserves policy of the charity is to maintain sufficient reserves to enable the charity to meet effectively the needs designated by its Trust Deed. 

## Public benefit 

The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in planning future activities and setting the grant making policy for the year. 

» {> 

## The Williams Church Music Trust 

## Trustees’ Report (Continued) 

## For the year ended § April 2025 

## investment policy and performance 

The Trust's assets are held in a Charities Official investment Fund unit. The investment fund is reviewed at regular Trustees’ meetings and subject to an annual independent review, with the aim of achieving overall returns which enable the Charity to provide grants to charities and individuals where activities are within the objects of the Charity as set out above. 

## Structure, governance and management 

## Governing document 

The Trust is governed by a Trust Deed dated 20 May 1970 and is constituted as an unincorporated association. it is registered as a charity with the Charity Commission. 

## Organisation structure and management 

The trustees who served during the year and up to the date of signature of the financial statements were: Mr 8 W Hattreli - Chairman 

Dr OO Bird 

Mr R A Lovett 

{Resigned 31 March 2025) 

Mrs P van Weede 

Mr CS Prentice 

Mrs C Meilton 

## MrsJ Brooke-Hughes 

{Appointed 30 June 2025) 

it is with great sadness that the trustees report that Richard Lovett, former trustee and Chairman, passed away on 8th September 2025. Richard worked over many years to help secure the future of the Trust and ensure it could provide the funding to the many organisations and activities that the Trust now heips to support. 

## Related parties 

Mr R W Hattrell is a Partner in Gilberts, the firm of chartered accountants who prepare the accounts of the charity. 

## Risk management 

The trustees are responsible for identifying the major risks to which the charity is exposed and ensuring steps are taken to manage the risks. 

## Conflict of interest policy 

F 

The charity has a conflict of interest policy that precludes any trustee benefitting from a financial gain arising from any activity of the charity. 

## The Williams Church Music Trust 

## Trustees’ Report (Continued) 

## For the year ended 5 April 2025 

## Statement of trustees’ responsibilities 

The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (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 whichgive a true and fair view of the state of affairs of the trust and of the incoming resources and applicationof resources of the trust for that year. 

in preparing these financial statements, the trustees are required to: 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles in the Charities SORP; 

- make judgements and estimates that are reasonable and prudent; 

~ state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and 

~ prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. 

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the trust and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are aiso responsible for safeguarding the assets of the trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 


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ViiwasAy by the Board ofTrustees.<br>Mir R W Hattreil - Chairman<br>Trustee<br>**----- End of picture text -----**<br>


Dated: 15 December 2025 

~3- 

## The Williams Church Music Trust Independent Examiner's Report 


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(G)<br>**----- End of picture text -----**<br>


## To the Trustees of The Williams Church Music Trust 

## etter enim 

| report to the trustees on my examination of the financial statements of The Williams Church Music Trust {the trust) for the year ended 5 April 2025 which are set out on pages 5 to 16. Responsibilities and basis of report As the trustees of the trust you are responsible for the preparation of the financial staternents in accordance with the requirements of the Charities Act 2011 (the 2011 Act). 

| report in respect of my examination of the trust’s financial statements carried out under section 145 of the 2014 Act. in carrying out my examination | have followed ail the applicable Directions given by the Charity Commission under section 145(5)ib) of the 2011 Act. 

independent exarniner's statement YourReportingattention by Charitiesis drawnpreparingto the fact theirthat accountsthe charityin accordancehas prepared with thefinancialFinancialstatementsReportingin accordanceStandard applicablewith Accountingin the UK andand Republic of ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulationsbut has now been withdrawn. 

> tGenerally understand Acceptedthat this Accountinghas beenPracticedone effectivein order for forfinancial reportingstatements periods beginningto provide on ora aftertrue 1and January 2015.fair view in accordance with | have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe thatin any material respect: 1 accounting records were not kept in respect of the trust as required by section 130of the 2014 Act; or 2 ‘the financial statements do not accord with those records; or 

- 3 __ the financial statements do 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 partof an independent examination. 


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drawn| have no concerns and have come acrossno other matters in connectionwith the examinationto which attention shouldbe<br>in this report in order to enable a proper understanding of the financial statements to be reached.<br>Mel KE:2? LL<br>Mir M P Attwood ACA<br>Attwoods<br>Chartered Accountants<br>12 Palfrey Close<br>: St Albans<br>Hertfordshire<br>AL3 SRE<br>JS KE Neca the 2025<br>**----- End of picture text -----**<br>


renee rome irapnoea eves nsession Tide cig ge ta ee a ie 

## The Williams Church Music Trust 

## Statement of Financial Activites including Income and Expenditure Account For the year ended 5 April 2025 

|||Unrestricted|Total|Unrestricted|Total|
|---|---|---|---|---|---|
|||funds||funds||
|income from:|Notes|2025<br>£|2025<br>é£|2024<br>€|2024<br>£|
|Charitable<br>activiti||||||
|investments|3|46,011|46,011|48,014|48,014|
|Expenditure<br>on:||||||
|Raisingfunds||||||
|Charitableactivities|4|133,453|133,453|117,439|117,439|
|Netgains/{losses)oninvestments|9|(65,645)|{65,645}|148,320|148,320|
|Netmovementinfunds||(153,087)|(153,087)|78,895|78,895|
|Fund balancesat6April2024||1,690,190|1,690,190|1,611,295|1,611,295|
|Fundbalancesat5April2025||1,537,103|1,537,103|1,690,190|1,690,190|
|||Eevroorrsvoronooenorrorrorenroa|==|—_—_—_—|Sicecsonena|



The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 

i ee ecto pies re iti ie eg i 

-§- 

## The Williams Church Music Trust 

## Balance sheet 

As at 5 April 2025 


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rer ie ayer oo pment ning iene aces nnn Se page<br>2025 2024<br>Notes £ f 4 3 £<br>Fixed assets<br>investments « Charities Ethical Investment<br>Fund 32 1,518,963 1,634,608<br>Current assets<br>Cash at bank and in hand 24,740 64,124<br>Creditors: amounts falling due within one<br>year 14 {6,600} {8,542}<br>Net current assets 18,140 §5,582<br>Total assets less current liabilities 1,537,103 1,690,150<br>income funds<br>Unrestricted funds 1,537,103 1,690,190<br>1,537,103 1,690,190<br>The financial statements were approved by the Trustees on 15 December 2025<br>AU « Chairman<br>Trustee<br>**----- End of picture text -----**<br>


## ied 

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-§- 

## The Williams Church Music Trust 

## Statement of Cash Flows 

For the year ended 5 April 2025 


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2025 2024<br>Notes é € £ £<br>Cash flows from operating activities<br>Cash absorbed by operations 18 (135,395) (116,887)<br>investing activities<br>Proceeds from disposal of investments $0,000 $0,000<br>investment income received 46,011 48,014<br>Net cash generated from investing activities 96,011 98,014<br>Net cash used in financing activities « :<br>Net decrease in cash and cash equivalents (39,384) (18,873)<br>Cash and cash equivalents at beginning of year 64,124 $2,997<br>Cash and cash equivaients at end of year 24,740 64,124<br>**----- End of picture text -----**<br>


a i 

## The Williams Church Music Trust 

## Notes to the Financial Statements 

## For the year ended $ April 2025 a cg peace cca eae cee cea nie ee eS et 

## i Accounting policies 

## Charity information 

The Williams Church Music Trust is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Pendragon House, 65 London Road, St Albans, Hertfordshire, AL1 1Li. 

1.1. Accounting convention 

These financial statements have been prepared in compliance with FRS 102, ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of ireland (FRS 102) (Charities SORP (FRS 102}) and the Charities Act 2011. 

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Staternent of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. 

The financial statements are prepared in sterling, which is the functional currency of the trust. Monetary amounts in these financial staternents are rounded to the nearest £. 

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of certain financial instruments at fair value), The principal accounting policies adopted are set out below. 

## 1.2 Going concern 

At the time of approving the financial statements, the trustees have a reasonable expectation that the trust has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 

## 1.3. Charitable funds 

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. 

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 

## 14 Income 

income is recognised when the trust is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. 

Cash donations are recognised on receipt. Other donations are recognised once the trust has been notified of the donation, unless performance conditions require deferral of the amount, income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. 

Legacies are recognised on receipt or otherwise if the trust has been notified of an impending distribution, the amount is known, and receipt is expected. if the amount is not known, the legacy is treated as a contingent asset. 

«B®. 

: 

: 

## The Williams Church Music Trust 

## Notes to the Financial Statements (Continued) For the year ended 5 April 2025 


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1  — Accounting policies<br>**----- End of picture text -----**<br>



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{Continued}<br>**----- End of picture text -----**<br>


1.5 €xpenditure Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: 

- expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. 

- other expenditure includes all expenditure that is not part of its expenditure on charitable activities. 

All costs are allocatedto expenditure categories reflecting the use of the resource. Costs attributableto a single activity are allocated directlyto that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. 

1.6 Fixed asset investments Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/{expenditure) for the year. Transaction costs are expensed as incurred. 

- 1.7 Cash and cash equivalents 

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.8 Financial instruments A financial asset or a liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the the present value of the future payments discounted at a market rate of interest for a similar debt instrument. 

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. 

Where investments are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. 

- 2 Critical accounting estimates and judgements 

in the application of the trust’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. 

~§. 

## The Williams Church Music Trust 

## Notes to the Financial Statements (Continued) 

## For the year ended 5 April 2025 

|3|investments|||||
|---|---|---|---|---|---|
|||Unrestricted|Yotal|Unrestricted|Total|
|||funds||funds||
|||2025|2025|2024|2024|
|||£|£|£|€|
||Dividendsfrom listed investments|46,011|46,011|46,899|46,899|
||incomefrom cash investments|-|-|1,115|1,115|
|||46,011|46,011|48,014|48,014|
|||——|——|bd|bd|
|4|Charitable activities|||||
|||Charitable|Total|Charitable|Total|
|||Expenditure|2025|Expenditure|2024|
|||2025||2024||
|||£|£|E|£|
||ObjectivesoftheTrust{seenote5)|115,300|115,300|98,700|98,700|
||Shareofsupportcosts (see note 6)|13,608|13,608|14,132|14,132|
||Shareofgovernance costs(seenote 6)|4,545|4,545|4,607|4,607|
|||133,453|133,453|117,439|137,439|



-16- 

% 

## The Williams Church Music Trust 

## Notes to the Financial Statements (Continued) 

## For the year ended 5 April 2025 

## § Grants payable 


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||||||
|---|---|---|---|---|
|2025|2024|
|£|£|
|Grants to institutions:|
|All Saints Church|Northampton|°|2,600|
|Beds & Herts Organists Association|4,000|-|
|Beth Hamten Exeter Cathedral|school|-|1,000|
|Bexhill Choral Society|1,500|1,500|
|Bradford Cathedral|-|3,000|
|Carlisle Cathedral|4,000|-|
|Charles Wood|Festival of Music|3,000|2,500|
|Church of St Mary the Virgin, Clopton|10,000|.|
|Creative Oundle|for Organists|3,000|3,000|
|Or Martin Clarke, Young Organ Scholar Trust|5,000|3,000|
|Ely Choral|Society|1,000|2,000|
|Eye|Bach Choir|.|2,500|
|Great Waltham and Ford End PCC|5,000|:|
|Guildford Cathedral Music Development|3,000|3,000|
|Harpenden Choral Society|2,000|2,000|
|Harrow|Philharmonic Choir|600|.|
|Hertfordshire|Chorus|2,000|2,006|
|Hertfordshire|Festival of Music|$00|.|
|Kent County Organists Association|-|1,000|
|Leicester Church Music Consort|1,000|2,000|
|Liverpool Cathedral|-|3,000|
|London|Pro Arte|Choir|2,000|2,000|
|Luton Choral Society|-|2,000|
|North Herts Guild|of Singers|2,000|$00|
|Pimlico Musical Foundation|5,000|-|
|Royal|Free Music Society|:|2,000|
|Royal School of Church Music|3,500|-|
|St Albans Abbey Organ Scholar|5,000|5,000|
|St Albans Cathedral|(Townsend|School)|1,500|-|
|St Albans Chamber Choir|2,000|3,500|
|St Albans Choral Society|-|2,000|
|St Albans international Organ|Festival|25,000|25,000|
|St Barnabas & St Paul PCC|5,000|.|
|St Mary Magdalend PCC|1,500|-|
|St Mary's|Church, Dedham|-|2,000|
|$t Mary's|Church, Wespall|-|2,500|
|St Mary's Clophili|-|1,500|
|$t.|Michael with St Mary St Albans|1,500|:|
|St|Paul’s Clifton|- One Equal Music|-|2,500|
|St Peter &|St Leonard,|Horbury|3,000|-|
|Steel City Choristers|5,000|§,000|
|The Lea|Singers|-|2,000|
|The Music Makers Choir of Harpenden|1,700|-|
|Three Choirs|Festival|-|3,000|
|Voix de Vivre|1,000|1,200|
|Windsor|Festival|-|1,506|
|Wingrave Singers|“|2,006|

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## The Williams Church Music Trust 

## Notes to the Financial Statements (Continued) 

## For the year ended 5 April 2025 

## 5 Grants payable 

(Continued) 


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|||||
|---|---|---|---|
|Woodham PCC|[All Saints Church)|§,000|>|
|115,360|98,700|
|Total grants|115,300|98,700|

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Grants agreed and paid or committed in furtherance of the Charity's objectives (all unrestricted funds) were as above. 

## Commitments 

There were no grant commitments brought forward at 6 April 2024 or carried forward at $ April 2025. 

## 6 Support costs 


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||||||||||
|---|---|---|---|---|---|---|---|---|
|Support costs|Governance|2025|Supportcosts|Governance|2024|
|costs|costs|
|£|£|£|£|£|€|
|Support|costs|- fegal and|
|professional fees|6,048|“|6,048|6,281|S|6,281|
|Support|costs|- other office|
|costs|7,566|-|7,560|7,851|-|7,851|
|Governance costs|-|legal|
|and|professional|fees|>|1,500|1,500|-|1,500|1,500|
|Governance|costs|-|other|
|office|costs|:|3,045|3,045|.|3,107|3,107|
|13,608|4,545|18,153|14,132|4,607|18,739|
|Analysed|between|
|Charitable activities|13,608|4,545|18,153|14,132|4,607|18,739|

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## 7 Trustees 

None of the trustees {or any persons connected with them) received any remuneration or benefits from the trust during the year. 

## 8 Employees 


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:<br>**----- End of picture text -----**<br>


The average monthly number of employees during the year was: 

## Total 


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2028 2024<br>Nurnber Number<br>« *<br>**----- End of picture text -----**<br>


There were no employees whose annual remuneration was more than £60,000. 

Le 

## The Williams Church Music Trust 

## Notes to the Financial Statements (Continued) 

## For the year ended 5 April 2025 

EAA AD ec RN ee Ae 0m Peng eee ete 

E] Net gains/{iosses) on investments 


**----- Start of picture text -----**<br>
Unrestricted Total Unrestricted Total<br>funds funds<br>2025 2025 2024 2024<br>£ £ £ £<br>Gain/{ioss) on listed investments (65,645) (65,645) 148,320 148,320<br>as _SoceascnaaSacmnacoenanaee —— ened<br>**----- End of picture text -----**<br>


Gains comprised Realised Gains of £198 (2024 Realised Gains: £2,089) and Unrealised Losses of £65,843 (2024 Unrealised Gains of £146,231). 

160 = Taxation 

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. 

## 11 = independent examination fees 


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2025 2024<br>é 3<br>Fees payable to the independent examiner for:<br>Independent examination of the financial statements 1,800 1,500<br>—_ —aee,<br>**----- End of picture text -----**<br>


ai 13 ms 

P 

. 

## The Williams Church Music Trust 

## Notes to the Financial Statements (Continued) 

## For the year ended 5 April 2025 

## 12 Fixed asset investments 

Listed investments £ Cost or valuation At 6 April 2024 1,634,608 Realised and unrealised gains/(losses) (65,645) Disposals (56,000) At 5 April 2025 1,518,963 Carrying amount At 05 April 2025 1,518,963 At 05 April 2024 1,634,608 

## Fixed asset investments revalued There were no investment assets outside the UK. 

## All investments held are listed. 

## The historical cast of the investment is £924,559 (2024: £952,742), 

## 13 ~—Ss Financial instruments 

|13|~—Ss Financial instrumentsFinancial instrumentsinstruments|||
|---|---|---|---|
|||2025|2024|
|||£|£|
||Carryingamountoffinancialassets|||
||instrumentsmeasuredatfairvaluethrough profitorloss|1,518,963|1,634,608|
|14|~—sCreditors:amountsfallingduewithinoneyear|||
|||2025|2024|
|||£|£|
||Trade creditors|3,600|7,042|
||Accrualsanddeferred income|3,000|1,500|
|||6,600|8,542|



EE ete eer AI le CU nce MV ce ee 

-14- 

## The Williams Church Music Trust 

## Notes to the Financial Statements (Continued) 

## For the year ended 5 April 2025 RRRR A een 1S Unrestricted funds 

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject te specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. 


**----- Start of picture text -----**<br>
At 6 April 2024 incoming ResourcesGains<br>resources expended and losses At 5 April 2025<br>€ £ £ € €<br>General funds 1,690,190 46,011 (133,453) (65,645) 1,537,103<br>Poss smronorod Become Forerresrervrvorn——————9 — ‘trccomeaemnemmnarannaas<br>Previous year: At 6 April 2023 incoming ResourcesGains<br>resources expended and josses At 5 April 2024<br>Generai £ £ £ F 3 £<br> funds 1,611,295 48,014 {117,439} 148,320 1,690,190<br>16 = Analysis of net assets between funds<br>Unrestricted Unrestricted<br>funds funds<br>2025 2024<br>£ £<br>Fund balances at 5 April 2025 are represented by:<br>investments 1,818,963 1,634,608<br>Current assets/{liabilities) 18,140 55,582<br>1,537,103 1,690,190<br>**----- End of picture text -----**<br>


## 17 ~—s Related party transactions 

i 

Administration costs of £9,072 (2024: £9,421) and Professional Fees of £6,048 (2024: £6,281) were paid in accordance with clause 6 of the Trust Deed to Messrs Gilberts - the firm of accountants of which Mr R W Hattreill is a Partner. There were no other transactions with Trustees or related parties. 

## nnn nnn «7§- 

## The Williams Church Music Trust 

## Notes to the Financial Statements (Continued) 

## For the year ended 5 April 2025 


**----- Start of picture text -----**<br>
||||||
|---|---|---|---|---|
|48|Cash generated from operations|2025|2024|
|£|£|
|(Deficit) /surpus|for the year|(153,087)|78,895|
|Adjustments|for:|
|investment|income recognised|in statement of financial activities|{46,011)|(48,014)|
|Fair value gains and|losses on investments|65,645|(148,320)|
|Movements|in working|capital:|
|(Decrease)/increase|in creditors|{1,942)|552|
|Cash absorbed by operations|(135,395)|{116,887}|
|19|= Analysis of changes in net funds|

**----- End of picture text -----**<br>


The trust had no debt during the year. 

- 16 -