2021-03-31-accounts - Gerald Finzi Trust

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REFERE	NCE AND ADMINI	STRATIVE DETAILS
Charity	Number	313047
Trustees		Robert Gower (Chair)
		Andrew Burn (Secretary)
		Michael Rimmer (Treasurer		and Chair of Investment	Sub- Committee)
		Elizabeth Pooley (Administrator)
		Christian Alexander
		Judy Digney (Resigned	on	17December 2020)
		Orlando Finzi
		Alexander Patterson
		Stuart Ritchie QC
		Paul Spicer
		lain Norman Burnside
		Sara Garcia Ascenso
		Aileen Elisabeth Thomson
		Jonathan James (Appointed		on 28 September 2020)

REFERENC	E AND ADMINISTR	ATIVE DETAILS(Cont!d)
Independent	Examiner	Mr David Terry
		Ramon Lee Ltd, 93Tabernacle Street, London EC2A 4BA
Bankers		HSBCpic, 99-101Lord Street, Liverpool L2SPG
Solicitors		Penningtons Manches LLP, 125Wood St, London EC2V7AW
Investment	manager	M&G Investments, Laurence Pountney Hill, London, EC4R OHH

						Unrestricte	Restricted	Endowment	2021	2020
					Note	d Funds	Funds	Funds	Total	Total
						E	E	E	E	f
~Recei ts
Donations	and Legacies				2	7,505			7,505	2,480
Income from Charitable			Activities		3	60,513			60,513	72,294
Investment	Income				4	55	54,011		54,066	64,205
	Total			Receipts		68,073	54,011		122'084	138979
~Pa ments
Costs of charitable activities						2,820	97,626		100,446	43,877
Support 8	Governance	Costs				6,550	9,767		16,317	24,011
				Sub Total		9,370	107,393		116,763	67,888
Assets and	Investments		Purchases
Investment	purchases							80,000	80,000	181,538
				Sub Total				80,000	80,000	181,538
	Total		Payments			9,370	107,393	80,000	196,763	249p427
Netof Receipts/(Payments)						58,703	(53,382)	(80,000)	(74,679)	(110,448)
Transfer between Funds						(102p279)	52,279	50,000
Cash Funds	Last Year End					122,346	44,719	30,590	197p655	308,103
Cash Funds	This Year End					78,770	43,616	590	122,976	197,655

				Unrestricted	Restricted	Endowmen	2021	2020
			Note	Funds	Funds 6	tFunds	Total F.	Total 6
Cash Funds Bank Balances			12	78,770	43,616	590	122,976	197,655
	Total Cash Funds			78,770	43,616	590	122,976	197,655
Investment Assets UK Listed Investments						1,477,503	1,477,503	1,397,503
						1,477,503	1,477,503	1,397,503
Liabilties Grants IkScholarships		Payable	13	22,407			22,407	4,'l71
Royal Academy Finzi Scholarship	ofMusic- 5year scheme						5,000	10,000
				27,407			27,407	14,171

	Unrestricted	Restricted	Endowment	2021	2020
	Funds	Funds	Funds	Tote I	Tote I
	f	f	f	f
Donations	7,505			7,505	2,480
	7,505			7,505	2,480

			Unrestricted	Restricted	Endowment	2021	2020
			Funds	Funds	Funds	Total	Tote I
			f	f	f	f	f
Music publishing		and royalties	9,998			9,998	27,494
Performing	rights		50,515			50,515	44,800
			60,513			60,513	72,294

	Unrestricted	Restricted	Endowment	2021	2020
	Funds	Funds	Funds	Total	Tots I
	f	f	f		f
Diddend		54,011		54,011	63,641
Bank Interest	55			55	554
	55	54,011		54,066	64,205

			Unrestricted	Restricted	Endowment	2021	2020
			Funds	Funds	Funds	Total	Total
		Note		f	5	5
Donations			210			210	10
Trust Projects Grants			1,600	5,000 92,626		5,000 94,226	9,000 25,088
Scholarship	Awards		1,010			1,010	9,779
			2,820	97,626		100,446	43,877

		Unrestricted	Restricted	Endowment	2021	2020
		Funds	Funds	Funds	Total	Total
		5	f		f	F
Royal Academy of Music - 5year Finzi Scholarship scheme			5,000		5,000	5,000
Digitization	of Finzi Letters, Bodleian
Library						4,000
			5,000		5,000	9,000

Grant
							Unrestricted	Restricted		2021	2020
Grants							Funds f	Funds f	Endowment f	Tots If	Total 6
General Grants
Royal Academy ofMusic —Finzi Hardship Trinity Laban —Student Hardship Grant						Fund		50,000 15,000		50,000 15,000
Royal Welsh College ofMusic				—Student
Hardship Grant								15,000		15,000
Sound & Music								500		500
Orchestras for All Oxford Sound Thinking Ludlow English Song Weekend Armonico Consort Ltd								5,000		5,000	8,000 3,000 3,000
3 Choirs Festival								1,000		1,000	1,000
Gloucester Music Society Dorset Opera Roman River Festival											500 400 400
Clare Elton											400
West Dean I Chilingirian Rosie Middleton	residency										400 400
D Levi, Berlin Masterclass		Costs									250
3 Rivers Learning Trust								86,500		86,500	250 18,000
Performance Grants
Aurora Trio							400			400
Ben Johnson - Northern	Chords						300			300
C Alexander for Orchestration				(Intimations		of
Immoriality) Stockton Concerts Series											1,088 650
New Music Biennial											500
English Music Festival Monteverdi Chorus Wurzburg, Eversley Choir Chiswick Choir					Germany		150			150	300 200 200 200
Aberystwyth Choral Ely Choral Soiety							850			850	150 100 3,388
Individual Grants
Alex Woolf								500		500
Tom Good Jo Harris							500	300		300 500
Toby Thatcher Zeitgeist Leah M Hallinon							250	1,000		250 1,000
Brioni Crowe								550		550
Saskia Morion								350		350
JAntzac								1,000		1,000
Amber Emson								400		400
JTaylor Lesley Stalker Alex Wilson								1,500 526		1,500 526	1,000
Amber Emson (Violin Bow) Jauhara Oanali Jivanji											750 750
Harvey Kelly (Cello Bow) Philip Lancaster Fiona Laming for Tom Good Ruby Jones Stanley Godfrey			—Singing Lessons				750	6,126		6,876	300 250 200 250 200 3,700
Tots I							1,600	92,626		94,226	25,088

Support	&Governanc	e Costs
			Unrestricted	Restricted	Endowment	2021	2020
			Funds	Funds	Funds	Tote I	Tote I
~Srt	C		f	6	6	f	f
Secretarial and administration			3,966	2,600		6,566	8,984
Travel &	Subsistence						2,171
Scholarship publicity,		event and
interview	costs		359			359	1,417
Website	& Publicity		239			239	327
Printing,	postage and	stationery					190
Telecommunications			109			109	108
Legal and professional		fees	612	6,117		6,729
			5,285	8,717		14,002	13,198
Governance Costs
Trustees'	expenses		215			215	5,859
Trustee	indemnity insurance						724
Independent Examination			1,050	1,050		2,100	4,230
			1,265	1,050		2,315	10,813
Total			6,550	9,767		16,317	24,011

		Unrestricted	Restricted	Endowment	2021	2020
		Funds	Funds	Funds	Total	Total
		5	9	5	E	f
UK Listed Investments
Opening	balance			1,397,503	1,397,503	1,215,965
Additions	at cost			80,000	80,000	181,538
Disposals	at cost
Closing	balance			1,477,503	1,477,503	1,397,503

Movement in Fun	d	s
			Balance as	Receipts	Payments	Transfers	Balance as
			on 01.04.20				on 31.03.21
			f	f	f	f	f
Restricted Funds
Jean Finzi Restricted		Income Fund	44,719	54,011	107,393	52,279	43,616
Total Restricted	Funds		44,719	54,011	107,393	52,279	43,616
Endowment Funds
Jean Finzi Fund (Restricted)			590				590
Copyright Resene	Fund (Unrestricted)		30,000		80,000	50,000
Total Endowment		Funds	30,590		80,000	50,000	590
Unrestricted Funds
Designated funds:
Kenneth Leighton	Fund (Designated)		9,011				9,011
Harold Carter Fund (Designated)			5,578		334		5,244
			14,589		334		14,255
General funds: Total unrestricted		funds	107,757 122,346	68,073 68,073	9 036 9370	~102,279 ~,1D2,279)	64,515 78770,
		Tots I funds	197,655	122,084	196,763		122,976

Movement in Fund	s Previous Year
		Balance as	Receipts	Payments	Transfers	Balance as
		on 01.04.19 f	f			on 31.03.20 f
Restricted Funds
Jean Finzi Restricted	Income Fund	1,870	63,641	20,792		44,719
Total Restricted Funds		1,870	63,641	20,792		44,719
Endowment Funds
Jean Finzi Fund (Restricted)		99,968		99,378		590
Copyright Reserve Fund (Unrestricted)		30,000		82,160	82,150	30,000
Total Endowment	Funds	129,968		181,538	82,160	30,590
Unrestricted Funds
Designated funds:
Kenneth Leigh(on Fund (Designated)		9,011				9,011
Harold Carter Fund (Designated)		8,584		3,006		5,578
		17,595		3,006		14,589
General funds: Total unrestricted	funds	158,670 176,265	75,338 75, 338	44,090 47,D96	(82,160) ~82.160	107,757 122,340
	Total funds	308,103	138,979	249,426		197,655

Liabilities
								2021	2020
Liabilities								Totalf	Totalf
Royal Academy ofMusic - 5			year	Finzi Scholarship			scheme	5,000	10,000
Grants &Scholarshi		s Pa able
Performance Grants
Bodleian - Digitization		of Finzi	letter					2,000
Harrogate Music Festival								750
Ashmansworth Church		Brochures -		Production		Costs		250
Peebles Orchestra (Clarinet Concerto)								150
Wharfedale Concerts	(Clarinet		Concerto)					150
Resonus Classics (Recording			Leighton		& Maconochy		Piano Concertos)	500
Adrian Brown								525
Dunster Festival								375
Roman River Festival								1,000
English Music Festival								500
Oxford Lieder								500
National Youth Choir GB								1,000
Stockton Concerts								800
Emma Ashby								250
Armonico								3,000
Sound and Music								500
Orchestras for All								5,000
Laura Moisey Gray: f1000towards				new	viola (JF)			1,000
Alice Yoko Afi: f1000		towards	purchase		of '/4 cello and bow (JF)			1,000
Harrogate Competitive		Festival	(f250 per annum			for 3	years )		250
Aurora Trio									400
Tom Good									300
A~hi hl A 4
Peter Oasis								300
Sara Ascenso								100
James Watkins, USA									334
Jay Richardson									130
Alice Barron								450	450
Amanda Johnson								2,307	2,307
								27,407	14,171