| Page | |||
|---|---|---|---|
| Trustees' | Annual Report |
2-6 | |
| Report of | the Independent | Examiner | |
| Statement | ofReceipts and Payments | ||
| Statement | ofAssets and Liabilities | ||
| Notes tothe Accounts | 10 - 18 |
| Unrestricted | Restricted | Endowment | Total | Total | |||||
|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2022 | 2021 | |||||
| Notes | 8 | E | E | ||||||
| ~Recel ts | |||||||||
| Donations and Legacies |
2,930 | 2,930 | 7,505 | ||||||
| Income from Chantable | Activities | 75,285 | 75,285 | 60,513 | |||||
| Investment Income |
21 | 62,804 | 62,825 | 54,066 | |||||
| Total Receipts | 78,236 | 62,804 | 141,040 | 122,084 | |||||
| ~Pa nts |
|||||||||
| Costs of Charitable | Activities | 5 | 8,275 | 30,300 | 38,575 | 100,446 | |||
| Support &Governance |
Costs | 9 | 9,384 | 8,077 | 17,461 | 16,317 | |||
| Sub total | 17,659 | 38,377 | 56,036 | 116,763 | |||||
| Assets and Investments | Purchases | ||||||||
| Investment purchases |
11 | 90,000 | 90,000 | 80,000 | |||||
| Sub Total | 90,000 | 90 000 | 911 000 | ||||||
| Total Payments | 17699 | 38,377 | 90,000 | 146,036 | 196,763 | ||||
| Net ofReceipts I | (Payments) | 60,577 | 24,427 | (90,000) | (4,996) | (74,679) | |||
| Transfer between | Funds | (90,600) | 600 | 90,000 | |||||
| Cash Funds Last | Year | End | 78,770 | 43,616 | 590 | 122,976 | 197,655 | ||
| Cash Funds This | Year | End | 48,747 | 68,643 | 590 | 117,980 | 122 976 |
| Unrestricted | Restricted | Endowment | Total | Total | ||||
|---|---|---|---|---|---|---|---|---|
| Notes | Funds | Funds | Funds | 2022 | 2021 | |||
| E | E | E | E | E | ||||
| Cash Funds | ||||||||
| Bank Balances | 12 | 48,747 | 68,643 | 590 | 117,980 | 122,976 | ||
| Total | Cash Funds | 48.747 | 68,643 | 590 | 117,980 | 122,976 | ||
| Investment Assets |
||||||||
| UK Listed Investments | 1,567,503 | 1,567,503 | 1,477,503 | |||||
| 1 567 503 | 1,567.503 | 1,477 503 | ||||||
| LiabiTities | ||||||||
| Grants & Scholarships | Payable | 13 | 24,722 | 16,844 | 41,566 | 22,407 | ||
| Royal Academy Finzi Scholarship |
of Music - 5year scheme |
5,000 | 5,000 | 5,000 | ||||
| 24,722 | 21,844 | 27,407 |
| Donation and Legacies |
|||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | |
| Funds | Funds 6 |
Funds E |
2022 E |
2021 f |
|
| Donations | 2,930 | 2,930 | 7,505 | ||
| 2,930 | 2,930 | 7,505 |
| Unrestricted | Restricted | Endowment | Total | Total | |||
|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2022 | 2021 | |||
| 6 | 6 | E | E | 6 | |||
| Music publishing | and royaKies | 30,682 | 30,682 | 9,998 | |||
| Performing | rights | 44,603 | 44,603 | 50,515 | |||
| 75285 | 75285 | 60,513 |
| nvestment Income |
|||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | |
| Funds 8 |
Funds 6 |
Funds E |
2022 f |
2021 6 |
|
| Dividend | 62,804 | 62,804 | 54,011 | ||
| Bank interest | 21 | 21 | 55 | ||
| 21 | 62,804 | 62 825 | R tl68 |
| Unrestricted | Restricted | Endowment | Total | Total | |||
|---|---|---|---|---|---|---|---|
| Notes | Funds 8 |
Funds 8 |
Funds 8 |
2022 6 |
2021 f |
||
| Donations Trust projects Grants Scholarship awards |
6 7 8 |
30 4,825 3,420 |
5,000 25,300 |
30 5,000 30,125 3,420 |
210 5,000 94,226 1,010 |
||
| 8,275 | 30300 | 38,575 | 100,446 |
| Unrestricted | Restricted | Endowment | Total | Total | |||
|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2022 | 2021 | |||
| 8 | f | F. | 8 | ||||
| Royal Finzi |
Academy Scholarship |
of Music - 5year scheme |
5,000 | 5,000 | 5,000 | ||
| 5.000 | 5,000 | 5.000 |
| Grants | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | ||||||
| Funds | Funds | Funds | 2022 | 2021 | ||||||
| 8 | 8 | 8 | ||||||||
| Grants | ||||||||||
| General Grants | ||||||||||
| Royal College of | Music | 2,000 | 2,000 | |||||||
| Royal Welsh College of | Music | 4,500 | 4,500 | 15,000 | ||||||
| Rodolfus Foundation |
1,000 | 1,000 | ||||||||
| Clapton Common |
Boys | Club | 5,000 | 5,000 | ||||||
| Orchestras for All |
5,000 | 5,000 | 5,000 | |||||||
| David Nunn | 500 | 500 | ||||||||
| NMC Recordings | 300 | 300 | ||||||||
| Arthur Bliss Socieiy Broomdasher Pub to Pulpit Project |
200 500 |
200 5X |
||||||||
| Coventry Cathedral Chorus |
200 | 200 | ||||||||
| Royal Academy | of Music | —Finzi | ||||||||
| Hardship Fund |
50,000 | |||||||||
| Trinity Laban - Student |
Hardship | |||||||||
| Grant | 15,000 | |||||||||
| Sound 8 Music | 500 | |||||||||
| 3Choirs Festival | 1,000 | |||||||||
| 1,200 | 18,000 | 19,200 | 86,500 | |||||||
| Performance Grants |
||||||||||
| Aurora Trio | 400 | |||||||||
| Ben Johnson - Northern |
Chords | 300 | ||||||||
| English Music Festival |
500 | 500 | 150 | |||||||
| Stockton Concerts | 800 | 800 | ||||||||
| Alice Yoko Ali | 1,000 | 1,000 | ||||||||
| Laura Moisey Gray | 1,000 | 1,000 | ||||||||
| Arrnonico | 3,000 | 3,000 | ||||||||
| Sound and Music | 500 | 500 | ||||||||
| Dunster Festival |
375 | 375 | ||||||||
| Oxford Lieder | 500 | 500 | ||||||||
| Nat Youth Choir | GB | 1,000 | 1,000 | |||||||
| Bodleian - Digitization | of | Finzi Letter | 2,000 | 2,000 | ||||||
| Harrogate Competitive |
Festival | 250 | 250 | |||||||
| 8 625 | 7,300 | 10,925 | 850 | |||||||
| Individual Grants |
||||||||||
| Alex Woolf | 500 | |||||||||
| Tom Good | 3X | |||||||||
| Jo Harris | 500 | |||||||||
| Toby Thatcher Zeitgeist |
250 | |||||||||
| Leah M Hallinon | 1,000 | |||||||||
| Brioni Crows | 550 | |||||||||
| Saskia Morton | 350 | |||||||||
| J Antzac | 1,000 | |||||||||
| Amber Emson | 400 | |||||||||
| J Taylor | 1,500 | |||||||||
| Lesley Stalker | 526 | |||||||||
| 6,876 | ||||||||||
| Total | 4,825 | 25,300 | 30,125 | 9~4228 |
| Unrestricted | Restricted | Endowment | Total | Total | ||||
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2022 | 2021 | ||||
| f | f | f | f | |||||
| SD Moorhead | 3,420 | 3,420 | ||||||
| William Carslake | 237 | |||||||
| James Watkins, | USA | 334 | ||||||
| Jay Richardson | 130 | |||||||
| LJ Bowler | 309 | |||||||
| 3,420 | 3,420 | 1,010 | ||||||
| Support &Governance |
Costs | |||||||
| Unrestricted | Restricted | Endowment | Total | Total | ||||
| Funds | Funds | Funds | 2022 | 2021 | ||||
| f | f | f | f | f | ||||
| Support Costs | ||||||||
| Secretarial and administration |
4,727 | 4,727 | 9,454 | 6,566 | ||||
| Travel and subsistence | ||||||||
| Scholarship, publicity, |
event | and | ||||||
| interview costs | 387 | 387 | 774 | 359 | ||||
| Website and publicity | 1,200 | 1,200 | 239 | |||||
| Printing, postage |
and | stationery | ||||||
| Telecommmunications | 108 | 108 | 109 | |||||
| Legal and professional | fees | 570 | 570 | 1,140 | 6,729 | |||
| 6,992 | 5,684 | 12,676 | 14,002 | |||||
| Governance Costs |
||||||||
| Trustees' expenses |
394 | 394 | 787 | 215 | ||||
| Trustee indemnity |
insurance | 949 | 949 | 1,898 | ||||
| Independent Examination |
1,050 | 1,050 | 2,100 | 2,100 | ||||
| 2,392 | 2,392 | 4,785 | 2,315 | |||||
| Total | 9,384 | 8,077 | 17,461 | 16.317 |
| Copyright | Jean Finzi | Total | Total | ||
|---|---|---|---|---|---|
| Reserve Fund | Bequest Fund | 2022 | 2021 | ||
| (Unrestricted) | (Restricted) | ||||
| E | E | ||||
| UK Listed Investments | |||||
| Opening | balance | 162,160 | 1,315,343 | 1,477,503 | 1,397,503 |
| Additions | at cost | 90,000 | 90,000 | 80,000 | |
| Disposals | at cost | ||||
| Closing | balance | 252,160 | 1,315,343 | 1,567 503 | 1,477503 |
| Market Value as on 31st March | 272,778 | 1 322 825 | 1,595 604 | 1 381,628 |
| Movement in F |
u | nds | ||||||
|---|---|---|---|---|---|---|---|---|
| Balance as | Receipts | Payments | Transfers | Balance as | ||||
| on 01.04.21 | on 31.03.22 | |||||||
| E | 6 | 6 | 6 | |||||
| Restricted Funds |
||||||||
| Jean Finzi Restricted Income Fund |
43,616 | 62,804 | 38,377 | 600 | 68,543 | |||
| Total Restricted | Funds | 43,616 | 62,804 | 38,377 | 600 | 68,643 | ||
| Endowment Funds |
||||||||
| Jean Finzi Fund (Restricted) | 590 | 590 | ||||||
| Copyright Reserve |
Fund (Unrestricted) | 90,000 | 90,000 | |||||
| Total Endowment | Funds | 590 | 90,0M | 90,000 | 590 | |||
| Unrestricted Funds |
||||||||
| Designated funds: |
||||||||
| Kenneth Leighton |
Fund (Designated) | 9,011 | 9,011 | |||||
| Harold Carter Fund | (Designated) | 5,244 | 5,244 | |||||
| 14,255 | 14,255 | |||||||
| Generalfunds | 64,515 | 78,236 | 17,659 | (90,600) | 34,492 | |||
| Total unrestricted | funds | 78,770 | 78,236 | 17,659 | ~90,600 | 40347 | ||
| Total funds | 122,976 | 141,040 | 146,036 | 117,980 | ||||
| Movement in Funds Previous |
Year | |||||||
| Balance as | Receipts | Payments | Transfers | Balance as | ||||
| on 01.04.20 | on 31.03.21 | |||||||
| 6 | 6 | 6 | ||||||
| Restricted Funds | ||||||||
| Jean Finzi Restricted Income Fund |
44,719 | 54,011 | 107,393 | 52,279 | 43,616 | |||
| Total Restricted | Funds | 44 719 | 04,011 | 107393 | 5,2 279 | M,616 | ||
| Endowment Funds |
||||||||
| Jean Finzi Fund (Restricted) | 590 | 590 | ||||||
| Copyright Reserve |
Fund (Unrestricted) | 30,000 | 80,000 | 50,000 | ||||
| Total Endowment | Funds | 30,590 | 60000 | 50,000 | 590 | |||
| Unrestricted Funds |
||||||||
| Designated funds: |
||||||||
| Kenneth Leighton |
Fund (Designated) | 9,011 | 9,011 | |||||
| Harold Carter Fund | (Designated) | 5,578 | 5,244 | |||||
| 14,589 | 14,255 | |||||||
| General funds. | 107,757 | 00,073 | 9,036 | ~702,279 | 54,515 | |||
| Total unrestricted | funds | 122,346 | 68,073 | 9,370 | (102,279) | 78,770 | ||
| Total funds | 197,655 | 122,084 | 196,763 | 122,976 |
| Liabilities | ||||||||
|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||
| 8 | 8 | |||||||
| Liab!titles Royal Academy of Music —5 year Finzi Scholarship |
scheme (2018-2022) | 5,000 | 5,000 | |||||
| Graph an echo rsbi s |
able | |||||||
| Performance grants Veryan Clark |
2,000 794 |
|||||||
| Irnogen Morgan |
800 | |||||||
| Alexander Bird Thomas Metcalf Dartington Festival |
1,000 1,000 500 |
500 | ||||||
| Sound and Music Oxford Philharmonic Leeds Lieder Charles Wood Festival SingFinzi 2021 |
1,000 1,000 2,000 10,100 250 |
|||||||
| Bridgnorth Sinfonia |
250 | |||||||
| LiNle Missenden Festival |
200 | |||||||
| Coventry Cathedral Chorus Bodleian - Digitization of Finzi |
letter | 500 | 2,000 750 |
|||||
| Harrogate Music Festival Ashmansworth Church Brochures - Production Costs Peebles Orchestra (Clarinet Concerto) Wharfedaie Concerts (Clarinet Concerto) Resonus Classics (Recording Leighton 8 Maconochy |
Piano Concertos) | 250 150 150 500 525 |
250 150 150 500 525 |
|||||
| Adnan Brown |
375 | |||||||
| Dunster Festival Roman River Festival |
1,000 | 1,000 500 |
||||||
| English Music Festival |
500 | |||||||
| Oxford Lieder National Youth Choir GB |
1,000 | 1,000 800 |
||||||
| Stockton Concerts | 250 | 250 | ||||||
| Emma Ashby | 3,000 | |||||||
| Armonico Orchestras for All Laura lvloisey Gray: F1000towards new Alice Yoko Afi: F1000towards purchase |
viola of '/4 |
(JF) cello and bow (JF) |
5,000 | 5,000 1,000 1,000 |
||||
| Scholarship Awards FTScholarships ~"L+~~ |
8,190 300 |
300 | ||||||
| Peter Davis | 100 | 100 | ||||||
| Sara Ascenso | 450 | 450 | ||||||
| Alice Barron Amends Johnson |
2,307 | 2,307 | ||||||
| 46.566 | 27.407 |