Annual Report

2024

Trustees

Susie Crow (Chair), Euton Daley, Susanna Graham-Jones, Lindsay Herford, Peter McMullin, Jose Phillips and Alex Tester.

Finances

The Exuberant Trust

Income & Expenditure as at 31st December 2024

	Annual	Cumulative
Income	£	£
Donations and Concert Receipts	3,869	93,914
Gift Aid Received - HMRC	194	9,882
Other Income and Bank/HMRC Interest Received	13	21
Total Income	4,076	102,517
Expenditure
Concert Expenses	356	5,203
General Expenses - Other	0	4,535
General Expenses - Banking Fees	66	130
Total General Expenses	66	4,665
Total Expenses	422	9,868
Net Income less Expenses	3,654	92,649
*Loan made to Pavillion Fund (2008, from PF donation)		10,000
Net Income before Grants	3,654	82,649
Grants Made	3,450	76,398
Net Income (Bank Balance as at 31/12/2024)	204	6,251
General Expenses as a percentage of Total Income	1.6%	4.55%

Grants awarded as at 31st December 2024

Awards totalling £3,450 were made to 8 young artists/groups in 2024. The grants were given to 3 flautists, 3 singers, an architect student and a Primary School band, as summarised below:

Flautist - funding towards a conservatoire grade flute for Diploma exam. £300

Flautist/music teacher - funding towards a baroque flute for concerts. £500

Flautist - funding towards a 5-day flute course (Voksenasen, Oslo). £500

Singer - funding for a new guitar/microphone to produce an EP of songs. £400

Mezzo Soprano - funding for lessons/expenses (National Opera London). £500

A Cappella Group - funding for concert expenses (Edinburgh Fringe Festival). £500

Architect - funding for software, Architecture MA course (Royal Academy). £168

Primary School Band - funding to buy new trumpet instruments for children. £300

*The grant for the singer was originally awarded in 2021, but the grant cheque wasn't cashed (and not included in the accounts for 2021). The grant cheque has now been re-awarded in 2024 (and included in the accounts for 2024).

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The Exuberant Trust opened a new, charity account with CAF Bank in June 2023, after the original charity account with NatWest was closed. Unfortunately, it was difficult to find a replacement charity account with free banking services. Therefore the Exuberant Trust now has to pay some monthly/transaction fees, but also earns interest on the account balance. These changes are reflected in the Accounts figures.

We are extremely grateful to all of our generous supporters who have made donations to the Exuberant Trust (either in person at concerts, online or in other ways), not only this year, but over the last 20 years since we launched as a charity in 2003. With the exception of a small percentage of necessary expenses, all of the funds that we receive are used to provide grants for young creative artists in Oxfordshire.

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* Note about the Pavilion Loan

The Exuberant Trust received a charitable donation of £10,000 in 2008, on the condition that it was then used as a loan to the Pavilion Trust Fund towards the cost of the construction of the Pavilion at The Limes in Standlake.

One of the conditions of the loan, was that the Exuberant Trust could use the Pavilion, free of charge, for its charitable Music at The Limes events. The Pavilion is directly beneficial to the Exuberant Trust as it provides a larger audience space for concerts than the formerly used Music Room at The Limes.

In the event of any future disposal of the Pavilion, the Exuberant Trust will be entitled to either a fixed sum, or some proportion of the proceeds.