| Page | |||
|---|---|---|---|
| Trustees' | Annual Report |
2-6 | |
| Report of | the Independent | Examiner | |
| Statement | ofReceipts and Payments | ||
| Statement | ofAssets and Liabllltles | ||
| Notes to | the Accounts | 10-18 |
| Unrestricted Income |
Jean Flnzl Restricted |
Expendable Endowment |
Total 2023 |
Total 2022 |
||||
|---|---|---|---|---|---|---|---|---|
| Funds | Income | Funds | ||||||
| Funds | ||||||||
| ~ets | Notes | f | f | |||||
| Donations and Legacies Income from Charitable |
3,480 | 3,480 | 2,930 | |||||
| Activities | 75,722 | 75,722 | 75,285 | |||||
| Investment Income |
191 | 69,922 | 70,113 | 62,825 | ||||
| Total Receipts | 79 393 | 69,922 | 149,315 | 141,040 | ||||
| Costs of Charitable Activities |
5 | 22,412 | 49,884 | 72,096 | 38,575 | |||
| Support &Governance |
Costs | 9 | 6,202 | 4,656 | 10,858 | 17,461 | ||
| 3 | 0111 | 29614 | 54,340 | 82 954 | 58,036 | |||
| Assets and Investments | Purchases | |||||||
| Investment purchases |
11 | 25,000 | 25,000 | 90,000 | ||||
| Sub | Total | 25000 | 25 000 | 90000 | ||||
| Total Payments | 28,614 | 54,340 | 29,000 | 107964 | 146033 | |||
| Net of Receipts I(Payments) Transfer between Funds |
50,779 (24,400) |
15,582 (10) |
(25000) 24,410 |
41 361 | (4996) | |||
| Cash Funds Last Year | End | 48,747 | 68,843 | 590 | 117,980 | 122,976 | ||
| Cash Funds This Year | End | 75,126 | 84,215 | 159,341 | 117980 |
| Unrestricted Income |
Jean Flnzi Restricted |
Expendable Endowment |
Total 2023 |
Total 2022 |
||||
|---|---|---|---|---|---|---|---|---|
| Funds | Income | Funds | ||||||
| Notes | Funds | |||||||
| 6 | ||||||||
| Cash Funds Bank Balances |
12 | 75,126 | 84,215 | 159,341 | 117,980 | |||
| Total | Cash | Funds | 75,126 | 84215 | 159,341 | 117980 | ||
| Investment Assets UK Listed Investments |
1,592,503 | 1,592,503 | 1,567,503 | |||||
| 1 592 503 | 1 592 503 | 1 567 503 | ||||||
| Liabilities | ||||||||
| Grants & Scholarships Payable |
13 | 6,781 | 27,250 | 34,031 | 41,566 | |||
| Royal Academy | of Music - 5 | 5,000 | ||||||
| year Final Scholarship | scheme | |||||||
| 6781 | 27 250 | 34031 | 46 566 |
| 2. | Donation | and | Legacies | Legacies | Unrestricted Income |
Jean Finzr Restricted |
Expendable Endowment |
Total 2023 |
Total 2022 |
||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Funds | Income | Funds | |||||||||
| Funds | |||||||||||
| Donations | 3,480 | 3,480 | 2,930 | ||||||||
| 3480 | 3480 | 2930 | |||||||||
| income | from | charitable | activities Unrestricted Income |
Jean Flnzi Restricted |
Expendable Endowment |
Total 2023 |
Total 2022 |
||||
| Funds | Income | Funds | |||||||||
| Funds | |||||||||||
| 6 | E | ||||||||||
| Grants and donations Music publishing and royalties Performing rights |
11,151 23,958 40,613 |
11,151 23,958 40,613 |
30,682 44,603 |
||||||||
| 75,722 | 75,722 | 75,285 | |||||||||
| 4. | Investment | Income | Unrestricted Income |
Jean Flnzl Restricted |
Expendable Endowment |
Total 2023 |
Total 2022 |
||||
| Funds | Income | Funds | |||||||||
| Funds | |||||||||||
| Dividend | 69,922 | 69,922 191 |
62,804 21 |
||||||||
| Bank | interest | 191 | |||||||||
| 191 | 69 922 | 70 113 | 62 825 |
| Unrestricted | Jean Flnzl | Expendable | Expendable | Total | Total | ||||
|---|---|---|---|---|---|---|---|---|---|
| Income | Restricted | Endowment | 2023 | 2022 | |||||
| Funds | Income | Funds | |||||||
| Funds | |||||||||
| Notes | |||||||||
| Donations | 30 | ||||||||
| Trust projects | 1,200 | 1,200 | 5,000 | ||||||
| Grants | 11,365 | 49,684 | 61,049 | 30,125 | |||||
| Scholarship | awards | 9,847 | 9,847 | 3,420 | |||||
| 22 412 | 49,684 | 72,096 | 38,575 | ||||||
| 6. | Expenditure | on | Trust | Projects | |||||
| Unrestricted Income |
Jean Fmzl Restricted |
Expendable Endowment |
Total 2023 |
Total 2022 |
|||||
| Funds | Income | Funds | |||||||
| Funds | |||||||||
| Royal Academy | of Music - 5year | ||||||||
| Finzi Scholarship Design Raphael |
scheme Ltd- |
5,000 | |||||||
| International | Composing | ||||||||
| Competition | 1,200 | 1,200 | |||||||
| 1 200 | 1 200 | 5 000 |
| 7, | Grants | Ltnrestrlcted Income Jean Flnzl Restricted |
Ltnrestrlcted Income Jean Flnzl Restricted |
Expendabie Endowment |
Total 2023 |
Total 2022 |
||
|---|---|---|---|---|---|---|---|---|
| Funds | Income | Funds | ||||||
| Fundsf | ||||||||
| ~Gants | ||||||||
| General Grants | 200 | |||||||
| Arthur Bliss Society |
500 | |||||||
| Broomdasher Pub to Pulpit Project |
5,000 | |||||||
| Clapton Common Boys Club Coventry Cathedral Chorus |
200 500 |
|||||||
| David Nunn Havant Orchestra Ludlow Song |
140 | 4,590 | 140 4,590 |
300 | ||||
| NMC Recordings Orchestras for All Rodolfus Foundation Royal College of Music |
5,000 1,000 2,500 |
5,000 1,000 2,500 |
5,000 1,000 2,000 |
|||||
| Royal Welsh College of Music & Drama |
10,000 | 10,000 100 |
4,500 | |||||
| The Phoenix Voices | ||||||||
| Trinity Laban Conservatoire & Dance |
of Music | 240 | 10,000 33090 |
10,000 33330 |
19200 | |||
| Performance Grants |
1,000 | |||||||
| Alice Yoko All | 3,000 | |||||||
| Armonico | 800 | |||||||
| Bird S8,S [Alexander | Bird] | 2,000 | ||||||
| Bodleian - Dtgttizattcn Brklgenorth Sinfonia Charles Wood Summer Dartington Hall Trust Dunster Festival English Music Festival Harrogate Competitive Imogen Morgan |
of Finzl Letter Festival Festival |
250 200 250 |
2,000 1,000 794 |
250 2,000 1,000 200 250 794 |
375 500 250 1,000 |
|||
| Laura Moisey Gray Leeds Lieder Ltd Lindsay Clark [Veryan Clark] Little Missedxten Festival Megan Glover Mr AP Brown National Youth Choir of Great Britain Nives Angius 250 525 |
1,000 2,000 1,500 3,000 1,000 |
1,000 2,000 250 1,500 525 3,000 1,000 |
1,000 500 |
|||||
| Oxford Lieder Oxford Philharmonic Peebles Orchestra Roman River Music sing Finzt Fee Sound arid Music Stockton Concerts |
150 1,000 8,500 |
1,000 1,000 |
1,000 150 1,000 8,500 1,000 |
500 800 |
||||
| The organlsatioh for New Sound [Sound and Music] Thomas Metcalf |
Music & 11 125 |
500 1,000 16694 |
500 1,000 27719 |
10925 | ||||
| 11366 | 49664 | 61IO 9 | 30125 |
| Scholar | ship Awards |
|||||
|---|---|---|---|---|---|---|
| Unrestricted Income Funds |
Jean Flnzi Restricted Income |
Expendable Endowment Funds |
Total 2023 |
Total 2022 |
||
| Funds | ||||||
| SD Moorhead | 380 | 380 | 3,420 | |||
| Amends | Johnson | 2,438 | 2,438 | |||
| Monserrat Romero |
3,600 | 3,600 | ||||
| Matteo | Augello | 3,429 | 3,429 | |||
| 9,847 | 9847 | 3,420 |
| Support &Governan |
ce Cos |
ts | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Jean Finzl | Expendable | Total | Total | ||
| Income | Restricted | Endowment | 2023 | 2022 | ||
| Funds | Income | Funds | ||||
| Funds | ||||||
| Support Costs | ||||||
| Secretarial and administration Scholarship, publicity, event |
2,007 | 2,007 | 4,014 | 9,454 | ||
| and interview costs | 774 | |||||
| Website and publicity | 94 | 34 | 128 | 1,200 | ||
| Telecommmunlcatlons | 225 | 225 | 108 | |||
| Sundry costs | 30 | 30 | ||||
| Bank charges | 150 | 150 | ||||
| Legal and professional | fees | 414 | 414 | 828 | 1,140 | |
| 2,920 | 2,455 | 5,375 | 12676 | |||
| Governance Costs |
||||||
| Trustees' expenses | 1,654 | 573 | 2,227 | 787 | ||
| Trustee indemnity insurance |
488 | 488 | 978 | 1,898 | ||
| Independent Examination |
1,140 | 1,140 | 2,280 | 2,100 | ||
| 3282 | 2 201 | 5,483 | 4 785 | |||
| Total | 6 202 | 4,656 | 10,858 | 17,461 |
| Investments | Unrestricted Income Funds |
Jean Finzi Restricted |
Expendable Endowment |
Total 2023 |
Total 2022 |
|---|---|---|---|---|---|
| Income Funds | Funds | ||||
| 6 | E | ||||
| UK Listed Investments Opening balance Additions at cost |
1,567,503 25,000 |
1,567,503 25,000 |
1,477,503 90,000 |
||
| Disposals at cost | |||||
| Closing balance | 1,592503 | 1,692,603 | 1,667,503 | ||
| Market Value as on 31st March |
1,536,616 | 1 538616 | 1 595 604 |
| Movement in Fu |
nd | s | |||||
|---|---|---|---|---|---|---|---|
| Balance as | Receipts | Payments | Transfers | Balance as | |||
| on 01.04.22 f |
f | f | on 31.03.23 F |
||||
| Bestric~ted Jean Flnzi Restricted Income Fund Total Restricted Funds |
68,643 60,043 |
59922 09,922 |
~4 340 6434D |
~tD ~40 |
04 215 84,216 |
||
| end hie E dow e t Funds |
|||||||
| Jean Flnzi Fund (Restricted) | 590 | (590) | |||||
| Copyright Reserve |
Fund (Unrestricted) | 25 000 | 25 DD~ | ||||
| Total Endowment | Funds | 590 | 25,000 | 24,410 | |||
| ~tttl 0 7 |
|||||||
| Designated funds: |
|||||||
| Kenneth Leighton |
Fund (Designated) | 9,011 | 9,011 | ||||
| Harold Carter Fund | (Designated) | 5244 | 5244 | ||||
| 14255 | 14255 | ||||||
| General funds | 34,492 | 79,393 | 28,614 | (24,400) | 60,871 | ||
| Total unrestricted | funds | 40,747 | 79,303 | 20,614 | ~24400 | 75,120 | |
| Total funds | 117,980 | 'l49,316 | 107,954 | 159,34'I |
| 13. | Liabilities | 2023 E |
2022 E |
|||||
|---|---|---|---|---|---|---|---|---|
| ~Liab Itie Royal Academy of Music - 5 |
year Finzi | Scholarship | scheme (2018-2022) | 5,000 | ||||
| G a tean s holarshl s Performance grants Veryan Clark Imogen Morgan Aletander Bird Thomas Metcalf Dartlngton Festtvat Bound and Muslo Ozford Philharmonic leeds Lieder Charles Wood Festival |
a able | 1,000 | 2,000 784 800 1,000 1,000 500 1,000 1,000 2,000 10,100 |
|||||
| SlngFlnzi, 2021 Changing Tunes Noah Max Bridgnorth Slnfonla Little Missenden Festival Coventry Cathedral Chorus Harroga\e Music Festival Ashmansworth Churoh Brochures - production Costs Peebles Orchestra (Clarinet Conoerto) Wharfedale Concerts (Clarinet Concerto) Resonus Classios {Recording Lelghton fk Maconochy |
Piano Concertos) | 2,000 2,000 250 250 150 500 |
250 250 200 500 250 150 150 500 525 |
|||||
| Adrian Brown Dunster 'Festival |
1,000 | |||||||
| Roman River Festival English Mlusic Festival National Youth Choir GB Emma Ashby Orchestras for All Armonlco Consort |
3,000 150 |
1,000 250 5,000 |
||||||
| COXI-IEAD - Tom Dartlnglon Muelo Summer Ernson -Amber Frozen Light Theatre Gemini Trust |
School | 2,500 500 250 250 1,000 |
||||||
| HAO- ROB | 1,500 | |||||||
| Southwell Music Festival |
2,000 | |||||||
| Mazlero-Afi - Alice Yoke |
250 | |||||||
| Middleton - Rosie |
250 | |||||||
| Whlddon Autumn |
250 | |||||||
| Ryedale Festival Trust SLATER -TAMMAS |
1,000 3,000 |
|||||||
| Wlnfiekl Gemma | 800 | |||||||
| Ludlow Song NMC Recordings fhree Cholrs Festival Gloucester 2023 Waist'perry Opera Festival |
5,000 1,500 1,000 1,500 |
|||||||
| Harding Hannah |
||||||||
| Scholarship Awards FT Schotbrships Awarded Peter Davis Sara Ascenso Alice Barron |
September | 2021 | 781 300 100 450 |
8,190 300 100 450 2,307 |
||||
| Amanda Johnson |
||||||||
| 34031 |