Annual Report

2011

Trustees

Sue Cave, Susie Crow, Jeremy Cunningham, Susanna Graham-Jones (Acting Chair), Lindsay Herford, Mark Hofman and Steve Pratley.

Susie Crow was appointed as a new Trustee in June 2011.

Finances

The Exuberant Trust

Income & Expenditure as at 31st December 2011

	Annual	Cumulative
Income	£	£
Donations/Concerts	12,429	54,147
Tax Rebate	2,132	4,603
Total Income	14,561	58,750
Expenditure
Concert Expenses	0	2,511
General Expenses	670	1,793
Total Expenditure	670	4,304
Net Income Before Grants	13,891	54,446
Grants Made	*15,300	38,083
*Loan made to Pavillion Fund (2008, from PF donation)		10,000
Net Income	-1,409	6,363
General Expenses as a percentage of Total Income	4.60%	3.31%

Grants awarded as at 31st December 2011

Awards totalling *£5,450 were made to 12 young artists from Oxfordshire in 2011. A further £10,000 was paid towards general costs for the **Commedia Project. The grants were given to 9 musicians, 1 designer, 1 jeweller and a Theatre Director, as summarised below:

Jeweller - to help with costs of tools. £300

Theatre Director - to help with stage training. £500

Guitarist - to help with cost of guitar lessons. £150

Commedia funding - general costs. £10,000

Commedia musicians and designer - 9 grants of £500 each. £4,500.

*Please note that the total figure for 'Grants made' reported in the accounts is £15,300, although the true total is £15,450. The understated amount of £150 is represented by a grant cheque of £150 awarded in 2009 which was never cashed. This amount has therefore been credited back to the accounts to keep the figures balanced.

**The majority of the funds paid for The Commedia Project came from donations, specifically intended for that purpose since 2005.

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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.