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|Trustees'|Annual
Report||2-6|
|Report of|the Independent|Examiner||
|Statement|ofReceipts and Payments|||
|Statement|ofAssets and Liabilities|||
|Notes to the Accounts|||10 - 18|
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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)||
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|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|
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|||||||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|
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|||||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|
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||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|
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||||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|
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||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|
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||||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|
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||||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|
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|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|
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||||Unrestricted|Restricted|Endowment|2021|2020|
|---|---|---|---|---|---|---|---|
||||Funds|Funds|Funds|Total|Total|
||||6|6|6|||
|James|Watkins,|USA|334|||334|3,006|
|LJ Bowler|||309|||309||
|William|Carslake||237|||237||
|Jay Richardson|||130|||130|1,170|
|Alice Barron|||||||4,050|
|Amanda|Johnson||||||1,153|
|Darragh|Morgan||||||400|
||||1,010|||1,010|9,779|
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|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|
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|||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|
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|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|
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|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|
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|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|