WILLIAM ALWYN FOUNDATION
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 March 2023
Charlty Reglstratlon Number: 803294

WILLIAM ALWYN FOUNDATION
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2023
CONTENTS
Page No
TRUSTEES, ANNUAL REPORT
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES
STATEMENT OF FINANCIAL ACTIVITIES
10
BALANCE SHEEr
11-17
NOTES TO THE FINANCIAL STATEMENTS

WILLIAM ALWYN FOUNDATION
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 March 2023
REFERENCE AND ADMINISTRATIVE DEfAILS
Charity number
803294
Principal office:
Garden Flat
15a Clarendon Gardens
London
W3 1AY
THE TRUSTEES
The Trustees who served the Foundation during the year were as follows:
Mr A P Palmer (chair)
Mr R M Andrewes
Dr L C Broad (appointed 23 February 2023)
Mr J Gibbons
Mr A P Knowles
Ms M A Jones
Dr D J Matthews (resigned 6 April 2022)
Mr L Moore
Mr P Ramsbottom
Professor R Ramsden
Mr J B Tumer
ADVISERS
Bankers
Lloyds Bank plc
Beccles
Suffolk
Independent Examiner
HGA Accountants & Financial Consultants Ltd
t/a Chittenden Horley
Hyde Park House
Cartwright Street,
Hyde
SK14 4EH
Investment Managers
Castlefield Investrnents
9th Floor
111 Piccadilly
Manchester
M12HY

WILLIAM ALWYN FOUNDATION
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 March 2023
REFERENCE AND ADMINISTRATIVE DEfAILS
Charity number.
803294
Principal office:
Garden Flat
15a Clarendon Gardens
London
W9 1AY
THE TRUSTEES
The Trustees who served the Foundation during the year were as follows:
Mr A P Palmer (chair)
Mr R M Andrewes
Dr L C Broad (appointed 23 February 2023)
Mr J Gibbons
Mr A P Knowles
Ms M A Jones
Dr D J Matthews (resigned 6 April 2022)
Mr L Moore
Mr P Ramsbottom
Professor R Ramsden
Mr J B Tumer
ADVISERS
Bankers
Lloyds Bank plc
Beccles
Suffolk
Independent Examiner
HGA Accountants & Financial Consultants Ltd
t/a Chittenden Horley
Hyde Park House
Cartwright Street
Hyde
SK14 4EH
Investment Managers
Castlefield Investments
9th Floor
111 Piccadilly
Manchester
M12HY

WILLIAM ALWYN FOUNDATION
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 March 2023 (continued)
The Trustees present their report and the financial statements of the Foundation for the year
ended 31 March 2023. The financial statements have been prepared in accordance with the
accounting policies set out in note 1 to the accounts and comply with the Foundation's Trust
Deed, the Charities Act 2011 and the Statement of Recommended Practice: Accounting and
Reporting by Charities applicable to charities preparing their accounts in accordance with FRS
102.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governlng document
The Foundation is govemed by its Trust Deed dating from 5th April 1990 and last amended on
12th March 2013.
Recruitment and appointment of Trustees
New Trustees are appointed by deed by the existing Trustees. They are invited to act after
consideration of their potential contribution to the Foundation, whether by reason of musical
acumen or professional skills. The trustee body includes a retired solicitor and accountant on
whose advice the other Trustees draw in relation to appropriate matters.
Risk management
The Trustees have considered the major risks to which the Foundation is exposed, and
systems have been established to mitigate those risks. The implementation of these
procedures minimises those risks. These procedures are regularly reviewed to ensure that
they still meet the needs of the Foundation.
The Foundation makes grants for William Alwyn's and Doreen Carwithen's music from time to
time, but the Trustees will not commit themselves to any activities or projects which are not
fully covered by available resources. On occasions, the Trustees do promote concerts or
similar projects.
Reserves policy
The Foundation has significant reserves on its balance sheet (£487,335). However. the
majorty of these reserves are in the form of financial investments. The Foundation is reliant
on the investment income these reserves provide to meet the requirements of the Foundation's
charitable activities. However, despite this, the Foundation's long-term aim is to use its
reserves for its charitable activities, as opposed to growing its investment portfolio. Funds in
the form of cash deposits of approximately £20,000 are maintained with its bankers providing
sufficient funds to cover grant payments and administration costs over a three-month period.
Additional cash resources are available in the form of uninvested cash within the investment
portfolio which can be accessed to fund larger grant awards, rf so required.
All the Foundation's funds are unrestricted.

WILLIAM ALWYN FOUNDATION
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 March 2023 (continued)
Grant making
The Foundation fvlfills part of its objectives by awarding grants across a range of institutions
and individuals. Although the Foundation supports festivals and other annual events, it is on
the understanding that such support is not automatically renewable.
Applicants are asked to submit an application fom setting out a brief summary of their
organisation and an outline of the project for which they are seeking funding. Grant
applications are considered by the Trustees at their quarterly meetings and are approved or
rejected on the basis of their merit.
Investsnent pollcy
There are no restrictions on the Foundation's power to invest. The investment strategy is set
by the Trustees and takes account of recent and expected demand for funds. The Trustees
consider their cash requirements, the risk profile and the investment managerfs view of the
market prospects in the medium term. The Trustees, policy is to generate sufficient returns to
preserve the real value (after inflation) of the Foundation's assets and to meet distribLrtions,
which themselves will grow with inflation. Investments are managed on a total return basis.
There are no restrictions on asset dasses or investment sectors.
On the recommendation of our investment managers, Castlefield Invesknents, the Foundation
has made changes to its investment strategy during the year to offer potentially better long-
temi retums. The previous strategy defined as having a balanced investment objective and a
medium risk approach has been adjusted to one described as "Balance of Growth and
Incomelunconstrained RIS￿ which will provide a more balanced split between UK and Global
equities compared to the previous significant bias towards UK equities.
Castlefield Investments, are allowed a large amount of discretion to manage the portfolio
within the framework of the above policy. Normally the trustees meet with Castlefield
annually and monitor their perfornian￿ on a quarterly basis against agreed benchmarks.
OBJECTIVES AND ACTIVITIES
The object of the Foundation is to provide benefft to the public through the promotion and
education in the study, practice, knowledge and appreciation of music, more particularly the
music of William Alwyn and his wife, Doreen Carwithen by encouraging, promoting and
assisting in the publication, performance and recording of their music.
PUBLIC BENEFIT
We have referred to the guidan￿ contained in the Charity Commission's general guidan￿ on
public benefft when reviewing our aims and objectives and in planning our future activities. In
particular, the Trustees consider how planned activities will contribute to the aims and
objectives they have set.
ACHIEVEMENTS AND PERFORMANCE
The William Alwyn Foundation was established by a trust deed dated 5th April 1990 at the
instigation of the composerfs widow Mary Alwyn (née Doreen Carwithen) with the intention of
perpetuating the performance and broadcast of Alwyn's works, and fvrthering knowledge of
the composerfs achievements.
The Foundation has continued promoting the works of William Alwyn and Doreen ca￿lthen.

WILLIAM ALWYN FOUNDATION
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 March 2023 (continued)
ACHIEVEMENTS AND PERFORMANCE (contlnued)
2022 ￿lebrated the centenary of Doreen Carwithen's birth and the Foundation awarded a
major grant to support the Carwithen Festival in Haddenham, Buckinghamshire, where she
was bom. The festival took pla￿ over 4 days from 30th June to 3rd July 2022 with con￿rtS at
St May's Church, Haddenham. Works performed included her ￿110 sonatina, the violin
sonata and for solo piano, the sonatina and 4 preludes. The opening cOn￿rt was devoted to
film scores adapted for string quartet and included her music for the films 'Men of Sherwood
Forest, and 'East Anglian Holiday, as well as William Alwyn's scores for'The Crimson Pirate,
and 'The Black Tent,.
The following smaller grants have been awarded for the perf0rrnan￿ of Alwyn and
Carwithen's music:
William Alwyn:
March - The True Glory and Ship's Waltz from 'ln Search of Castaways,
by Ealing Symphony Orchestra in Ealing in June 2022.
Con￿rt0 Grosso no 2 by Vale Royal String Orchestra at Vale Royal Abbey,
Cheshire in June 2022.
Con￿rt0 for oboe, string orchestrd and harp by The Oare Symphony
Orchestra in New Romney in September 2022.
Symphony no 5. March- The True Glory and Autumn Legend in Worthing in
October and November 2022.
Phantasy Trio (1928). String Trio (1939) and String Trio (1959)." recording by
Eblana String Trio in April 2023.
Sinfonietta forstrings by London Youth String Orchestra in Palmers Green in
February 2023.
SerBnade for orchestra by the English Music FestNal in Dorchester on
Thames and Radley College in May 2023.
Sonata Impromptu for￿110 and piano by the Rossetti Ensemble as part of the
Congress of the Intemational Association of Music Libraries, Archives and
Documentation in Cambridge in August 2023.
Doreen Carwithen:
Overture." Bishop Rock by Trinty Orchestra in Harrow in June 2022.
Suffolk Moms by Ealing Symphony Orchestra in Ealing in June 2022.
Suffolk Suite by Prometheus Orchestra at Aldeburgh Jubilee Hall in October
2022.
Concerto forpiano and strings by Luton Music in June 2023.
ODTAA by South Birmingham Sinfonia in Boumville in July 2023.
Sonatina for cello and piano by the Rossetti Ensemble as part of the
Congress of the Intemational Association of Music Libraries, ArchNes and
Documentation in Cambridge in August 2023.
Preludes nos 1 & 4 by the English Music Festival in Dorchester on Thames
and Radley College in May 2023.

WILLIAM ALWYN FOUNDATION
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 March 2023 (continued)
ACHIEVEMENTS AND PERFORMANCE (contlnued)
The Foundation had previously agreed a contribution towards the frfth recording of selections
from Alwyn's Film music being undertaken by the Chandos record company. In March 2023
Chandos informed us that because of a post-pandemic scheduling backlog affecting the
BBC Philharmonic Orchestra it was likely the project would be delayed until 2025 at the
earliest. Rather than transfer what would be the final volume of the series to another
recording label the trustees have decided to stay with Chandos in the hope that the series
can be completed in 2025 after the scheduling backlog has been cleared. The liabilty of
£14,000 for the contribution to the recording costs together with an ancillary commitment of
£4,000 for an orchestral run-through of the scores by Ealing Symphony Orchestra have been
recategorised in the balan￿ sheet from current liabilities to creditors falling due after one
year. The statement of financial activities (SOFA) is not affected.
FINANCIAL REVIEW
The Foundation's grant awarding activty is reliant on retums from its investment portfolio,
which is invested with the objective of producing an income stream and preserving the value
of the capital in real terms.
Continuing challenges in world markets- the war in Ukraine, higher inflation and rising interest
rates - resulted in the Foundation's portfolio ending the year at £478,321, down from £519,411
in the previous year.
Total income to 31 March 2023 rose to £54,231 from £49,938 in the previous year, largely
attributable to a significant rise in royafties, up from £29,728 to £39,168, with perfonnances of
Doreen Carwithen's works during her centenary year making a signrficant contribution to the
increase.
Total expenditure amounted to £26,141 compared to £115,297 for the previous year, the
decrease mainly due to savings from not mounting an Alwyn Festival. After net losses on
investments of £36,318 (2022: gains of £2,571) the Foundation made an overall deficit for the
year of £8,229 compared to a deficit of £62,788 for the previous year.
FUTURE PLANS
The Foundation intends to continue its objective of supporting the performan￿, broadcast and
recording of the works of William Alwyn and Doreen Carwithen.

WILLIAM ALWYN FOUNDATION
.TRUSTEES' ANNUAL REPORT
FOR THE YEAR ENDED 31 March 2023 (￿ntinued)
RESPONSIBILITIES OF THE TRUSTEES
The Trustees are required to prepare financial statements for each financial year which give a
true and fair view of the Foundation's financial activities during the year and of its financial
position at the end of the year. In preparing these financial statements the Trustees will have
due regard to:_
Selecting suitable accounting policies and then applying them consistently.
Making judgements and estimates that are reasonable and prudent.
Complying with applicable accounting standards and the Charities SORP, subject to any
material departures disclosed and explained in the financial statements.
Preparing the financial statements on the going concem basis unless it is inappropriate to
presume that the Foundation will continue.
The Trustees are ￿spOnSible for keeping proper accounting records which disdose with
reasonable accuracy at any time the financial position of the Foundation. They are also
responsible for safegua￿Ing the assets of the Foundation and hence for taking reasonable
steps for the prevention and detection of fraud and other irregularities.
Approved by the Trustees on 20 October 2023
and signed on their behalf by:
ADJOREhJ PHILIP PALn)F
ANDREW PALMER
TRUSTEE

WILLIAM ALWYN FOUNDATION
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES
I report to the Trustees on my examination of the accounts of the Foundation for the year
ended 31 March 2023.
Responsibllities and basis of report
As the charity Trustees of the Foundation you are responsible for the preparation of the
accounts in accordan￿ with the requirements of the Charities Act 2011 (the Act).
I report in respect of my examination of the Foundation's accounts carried out under section
145 of the 2011 Act and in carrying out my examination I have followed all the applicable
Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examinerfs statement
I have completed my examination. I confimi that no material matters have come to my
attention in connection with the examination giving me cause to believe that in any material
respect:
1. accounting records were not kept in respect of the Foundation as required by section 130
of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements conceming the fomi and
content of accounts set out in the Chaiities (Accounts and Reports) Regulations 2008 other
than any requirement that the accounts give a 'true and fairf view which is not a matter
considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the
examination to which attention should be drawn in this report in order to enable a proper
understanding of the accounts to be reached.
HGA Accountants & Financial Consuftants Ltd
Va Chittenden Horley
Chartered Accountants
Hyde Park House.
Cartwright Street
Hyde
SK14 4EH
Date:

WILLIAM ALWYN FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 March 2023
Totsl Funds
31 March
2023
5 April
2022
Notes
Income from:
Investments
Charitable activities=
William Alwyn Festival
Other trading activities:
Music sales
Hire fees
50,152
41,806
6,946
1,507
2,572
397
789
Total Income
54,231
49,938
Expenditure
Cost of generating funds
Investment management costs
3,828
5,953
Expenditure on charitable activities
22,314
109,344
Total expenditure
26,142
115,297
Net incomel(expenditure) before gains
on investments
28,089
(65,359)
Net (losses)Igalns on Investments
(36,318)
2.571
Net movement in funds
(8,229)
(62,788)
Reconciliation of funds
Fund balances brought forward
495,564
558,352
Fund balancos carried forward
487,335
495,564
All movements are in Unrestricted Funds
The notes on pages 11 to 17 fomi part of these accounts.

WILLIAM ALWYN FOUNDATION
BALANCE SHEET
AS AT 31 March 2023
31 March
2023
5 April
2022
As restated
Notes
Fixed assets
Investments
465,484
506,354
Current assets
Debtors
Cash held by investment
manager
Cash at bank
8,002
12,837
37,895
6.507
13,057
11,225
Credftors: amounts falling due
within one year
58,734
30,789
(18.883)
(23,579)
Net current assets
39,851
7,210
Credltors: amounts falling due
after one year
(18.000)
(18,000)
Net assets
487,335
495,564
Tho funds ofthe charlty
Unrestricted income fvnds
487.335
495,564
These financial statements were approved by the Trustees on
and are signed on their behalf by:
Andrew Palmer
TRUSTEE
PHIur PALrn6£
The notes on pages 11 to 17 fomi part of these accounts
10

WILLIAM ALWYN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 March 2023
ACCOUNTING POLICIES
(a) Ba818 of accountlng
The financial statements have been prepared under the historical cost convention as
modffied by the inclusion of investments at market value and in accordance with
applicable accounting standards. The financial statements have been prepared in
accordan￿ with the Statement of Recommended Practi￿. Accounting and Reporting by
Charities applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102 SORP)
(effective 1 January 2019) and the Financial Reporting Standard applicable in the United
Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Two grant commitments previously included in the balance sheet as-current liabilities
have been recategorised as creditors falling due after one year after a delay to a project
more fully described in the Trustees, Report. The previous yearfs balance sheet has been
restated to reflect the change in circumstance. "The Statement of Financial Activities is
not affected.
The financial statements are prepared in sterling, which is the functional currency of the
Foundation, rounded to the nearest £.
The Foundation has prepared ts financial statements to give a 'true and fairf view and in
doing so has departed from the Charities (Accounts and Reports) Regulations 2008 only
to the extent required to give a Irue and fairf view. This departure has involved following
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), rather than the Accounting and
Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005,
which has since been withdrawn.
In the opinion of the Trustees, the Foundation is deemed to be a going concem and will
realise its assets and meet its liabilities under the nonnal course of operation.
The William Alwyn Foundation is a registered charity and meets the definition of a public
benefit entty under FRS 102.
11

WILLIAM ALWYN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 March 2023
ACCOUNTING POLICIES (continued)
(b) Income
All incoming resources are included in the statement of financial activities when the
Foundation is entitled to the income and the amount can be quantified with reasonable
accuracy. The followlng specific policies are applied to particular categories of income:
Voluntary income is re￿iVed by way of donations and gifts and is included in full in
the Statement of Financial activities when receivable.
Donated ServI￿S and facilities are included at the value to the Foundation where
this can be quantified. The value of ServI￿S provided by volunteers has not been
included in these accounts.
Investment income is included when receivable.
Incoming resources from charitable activities are accounted for when earned.
(c) Expendlture
Expenditure is recognised on an accruals basis as a liabilty is incurred. Expenditure
indudes all VAT which cannot be recovered, and is reported as part of the expenditure to
which it relates:
Charitable expenditure comprises those costs incurred by the Foundation in the
delivery of its activities and services for its beneficiaries. It indudes both costs
that can be allocated directly to such activities and those costs of an indirect
nature necessary to support them.
Governan￿ costs include those costs associated with meeting the constitutional
and statutory requirements of the Foundation and include the examinerfs fees
and costs linked to the strategic management of the Foundation.
All costs are allocated between the expenditure categories of the statement of financial
activities on a basis designed to reflect the use of reSoUr￿s.
(d) Investments
Investments are stated at their current market value.
(e) Financial instruments
Financial instruments 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 incomd(expendtture) for the year. Transaction costs are
expensed as incurred.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially
measured at transaction price including transaction costs and are subsequently carried
at amortised cost using the effective interest method unless the arrangement constitutes..
a financing transaction, where the transaction is measured at the present value of the
future receipts discounted at a market rate of interest. Financial assets classified as
receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at
transaction pri￿ unless the arrangement constitutes a financing transaction, where the
debt instrument is measured at the present value of the future payments discounted at a
12

WILLIAM ALWYN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 March 2023
ACCOUNTING POLICIES (condnued)
market rate of interest. Financial liabilities classified as payable within one year are not
amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest
rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in
the ordinary course of operations from suppliers. Amounts payable are classified as
current liabilities rf payment is due within one year or less. If not, they are presented as
non-current liabilities. Trade creditors are recognised initially at transaction price and
subsequently measured at amortised cost using the effective interest method.
Dereco
ni
ion of financial liabilities
Financial liabilities are derecognised when the Foundation's contractual obligations expire
or are discharged or cancelled.
(fj Cash at bank and in hand
Cash at bank and in hand are basic financial assets and include cash in hand, deposits
held at call with banks, other short temi liquid invesknents with original maturities of three
months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in
current liabilities.
(g) Accumulated funds
The Foundation maintains a general unrestricted fvnd which represents funds which are
expendable at the Trustees, discretion in furtherance of the Foundation's objects.
(h) RealSsed gains and losses
All gains and losses are tsken to the statement of financial actNities as they arise.
Realised gains and losses on investments are calculated as the difference between sales
proceeds and opening market value (or purchase date if later). Unrealised gains and
losses are calculated as the difference between marketvalue atthe year end and opening
market value (or purthase date rf later).
(l) Grant policy
Grants for charitsble purposes are recognised when the offer is conveyed to the recipient
except in those cases where the offer is conditional, such grants being recognised as
expenditure when the conditions attaching are fulfilled. Grants offered subject to
conditions which have not been met at the year4nd are noted as a commitment, but not
accrued as expenditure.
ti) Crltlcal accounting estlmates and Judgements
In the application of the Foundation'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.
13

WILLIAM ALWYN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 March 2023
ACCOUNTING POLICIES (continued)
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions
to accounting estimates are recognised in the year in which the estimate is revised where
the revision affects only that year. or in the year of the revision and future years where
the revision affects both current and future years.
RELATED PARTY TRANSACTIONS AND TRUSTEES, REMUNERATION
During the year 5 (2022: n of the Trustees were reimbursed for personal travel and
Subsisten￿ expenditure incurred which amounted to £1,858 (2022: £4,179). The
Trustees received no remuneration in either year.
INVESTMENT INCOME
2023
2022
Dividends - UK equities
Interest - UK fixed interest securities
Royalties receivable
9,838
1,145
39,169
50,152
9,410
2,668
29,728
41,806
CHARITABLE ACTMTIES EXPENDITURE
2023
Dlrect costs
Grants payable
Publication costs
William Alwyn Festival
2022
16,929
1,857
55,450
49,235
104,685
Support costs
Other costs
Governance costs
18,786
70
3,458
22,314
1,075
3,584
109,344
14

WILLIAM ALWYN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 March 2023
5. ANALYSIS OF GRANTS PAYABLE
The Foundation undertakes some of its charitable activities through grant making and
awarded grants to a number of individuals and institutions in fvrtherance of its charitable
activities.
Grants to Grants to
Instfjtutlons Indlvlduals
Trinity Orchestra (Harrow)
Ealing Symphony Orchestra
Worthing Symphony Orchestra
Prometheus Orchestra
Oare String Orchestra
Eblana String Trio
Vale Royal String Orchestra
London Youth Orchestra
South Birmingham Sinfonia
Luton Music
English Music FestNal
Intemational Association of Music Libraries
Cancellation of 2 grants awarded in previous years
150
500
3,000
2,000
500
5,000
175
304
300
1,000
3,000
1,500
(500)
16.929
INVESTMENTS AND NET GAINS AND LOSSES
2023
2022
Balance sheet summary at markat value
Total portfolio
Less: Money market accounts shown as
current assets
478,321
519,411
(12,837)
(13,057)
Fixed asset investments
465,484
506,354
Summary analysis of portfolio
Propety funds
Fixed interest and fixed interest funds
Equities and equity funds
6,246
46,766
412,472
26,106
79,184
401,064
465,484
506,354
15

WILLIAM ALWYN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 March 2023
INVESTMENTS AND NEf GAINS AND LOSSES (eontlnued)
Analysis of SOFA gain
Realised (loss) Igain on disposals
Unrealised (loss) Igain on portfolio at end of
year
(2.888)
11,687
(33,430)
(9,116)
(36,318)
2,571
Movement In market value
Market value brought forward
Additions at cost
506,354
164,941
(172,381)
(33,430)
542,117
35,445
(62,092)
(9,116)
Disposals at market value
Unrealised (loss) I gain for the year
Market value carriéd fO￿ard
465,484
506,354
Included within the above are the following, representing 50A or more of the total
valuation:
2023
2022
CFP Castlefield Sustainablé European Fund
CFP Castlefield Real Retum Fund
First Sentier Investors Worldwide Sustainable Fund
Fundrock Parthers WHEB Sustainability B Acc
CFP Castlefield UK Smaller Companies Fund
Mayfair Capital in Propety Income Trust
40,922
39,501
39,354
34,865
33,796
26,106
188,438
26,106
On an historical cost basis the invesknents would have been included at an original cost
of £426,594 (2022: £404,857).
16

WILLIAM ALWYN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 March 2023
DEBTORS
2023
2022
Music sales
Royafties re￿1vable
Interest receivable
8,002
5,888
565
8,002
6.507
CREDITORS
2023
2022
Amounts falling due within one year:
Accruals
Grants payable
1,904
16,979
18,883
3,429
20,150
23,579
Amounts falling due after one year:
Grants payable
18,000
18,000
GRANT AND PROJECT COMMITMENTS
2023
2022
Commitments outstanding at the start of the year
New commitments charged to the SOFA in year
Paid during the year
Commitments outstanding at the end of the year
38,150
11,300
16,929
55,450
(20,100) (28,600)
34,979
38,150
10. INDEPENDENT EXAMINER'S REMUNERATION
Examinerfs remuneration in relation to the independent examination fee and other
financial services provided during the year amounted to £1,000 (2022: £2,352)
17