REGISTERED COMPANY NUMBER: 02886300 (England and Wales) REGISTERED CHARITY NUMBER: 1033702
Report of the Trustees and
Unaudited Financial Statements
fr the Year Ended 30 September 2022
The Rodolfus Foundation Limited
Orcadia Chartered Accountants 1 - 3 East Road Kirkwall Orkney KW15 lHZ
The Rodolfus Foundation Limited
Report of the Trustees fr the Year Ended 30 September 2022
Registered office
Flat 2 68 Eccleston Square London SWlVlPJ
Trustees
M J P Cooke (resigned 30.11.21) AN Milner S G Toyne Revd W D N Weir PL Cann Ms S E Dunkley Ms J K Hasnip Mrs LE Oldfield B L K Philomin (appointed 30.11.21) Ms S A Taylor-Denton (appointed 30.11.21)
Company Secretary
AN Milner
Independent Examiner
Steven J Sinclair BA CA Orcadia Chartered Accountants l - 3 East Road Kirkwall Orkney KW15 lHZ
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on........[15][/][06][/][2023] ................... and signed on its behalf by:
P L Cann - Trustee
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ORCADIA
CHARTERED ACCOUNTANTS
Independent Examiner's Report to the Trustees of The Rodolfus Foundation Limited
Independent examiner's report to the trustees of The Rodolfus Foundation Limited[(] 'the Company'[) ]
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2022.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants of Scotland, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for 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 l 02)).
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.
Steven J Sinclair BA CA Orcadia Chartered Accountants
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Date:.....15/06/2023............... .
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ICAS::
Directors: Doris Hutchison CA, ATT Steven J Sinclair BA, CA Kazia J Watson CA, ATT Registered in Scotland number SC272848 Registered Office: 1-3 East Road, Kirkwall, Orkney, KW15 1 HZ Tel: 01856 872804 Email: accountants@orcadia-ca.co.uk Website: www.orcadia-ca.co.uk
Registered to carry out audit work in the UK by The Institute of Chartered Accountants of Scotland
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 65,366 | 28,053 | 93,419 | 80,491 | |
| Charitable activities | |||||
| Choral Courses | 297,750 | - | 297,750 | 213,569 | |
| Choral Concerts & Recordings | 11,668 | 11,668 | 6,481 | ||
| Total | 374,784 | 28,053 | 402,837 | 300,541 | |
| EXPENDITURE ON | |||||
| Raising funds | 11,966 | 11,966 | 14,752 | ||
| Charitable activities | |||||
| Choral Courses | 263,025 | 37,120 | 300,145 | 194,475 | |
| Choral Concerts & Recordings | 4,561 | 419 | 4,980 | 2,742 | |
| Cost ofProducing CD’s | 602 | 602 | |||
| Concert Management and Administration | 41,244 | 41,244 | 35,112 | ||
| Administrative Expenses | 22,865 | 22,865 | 22,433 | ||
| Total | 344,263 | 37,539 | 381,802 | 269,514 | |
| NET INCOME/(EXPENDITURE) | 30,521 | (9,486) | 21,035 | 31,027 | |
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 42,672 | 52,405 | 95,077 | 64,050 | |
| TOTAL FUNDS CARRIED FORWARD | 73,193 | 42,919 | 116,112 | 95,077 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Debtors | 4 | 1,936 | - | 1,936 | 8,996 |
| Cash at bank | 144,709 | 44,644 | 189,353 | 195,976 | |
| 146,645 | 44,644 | 191,289 | 204,972 | ||
| CREDITORS | |||||
| Amounts falling due within one year | 5 | (73,452) | (1,725) | (75,177) | (109,895) |
| NET CURRENT ASSETS | 73,193 | 42,919 | 116,112 | 95,077 | |
| TOTAL ASSETS LESS CURRENT | |||||
| LIABILITIES | 73,193 | 42,919 | 116,112 | 95,077 | |
| NET ASSETS | 73,193 | 42,919 | 116,112 | 95,077 | |
| FUNDS | 6 | ||||
| Unrestricted funds | 73,193 | 42,672 | |||
| Restricted funds | 42,919 | 52,405 | |||
| TOTAL FUNDS | 116,112 | 95,077 |
15/06/2023
| 3. | COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES | ||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| fund | funds | funds | ||
| £ | £ | £ | ||
| INCOME AND ENDOWMENTS FROM | ||||
| Donations and legacies | 43,053 | 37,438 | 80,491 | |
| Charitable activities | ||||
| Choral Courses | 184,354 | 29,215 | 213,569 | |
| Choral Concerts & Recordings | 6,481 | - | 6,481 | |
| Total | 233,888 | 66,653 | 300,541 | |
| EXPENDITURE ON | ||||
| Raising funds | 14,752 | 14,752 | ||
| Charitable activities | ||||
| Choral Courses | 165,260 | 29,215 | 194,475 | |
| Choral Concerts & Recordings | 2,742 | 2,742 | ||
| Concert Management and Administration | 35,112 | - | 35,112 | |
| Administrative Expenses | 21,158 | 1,275 | 22,433 | |
| Total | 239,024 | 30,490 | 269,514 | |
| NET INCOME/(EXPENDITURE) | (5,136) | 36,163 | 31,027 | |
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 47,808 | 16,242 | 64,050 | |
| TOTAL FUNDS CARRIED FORWARD | 42,672 | 52,405 | 95,077 |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| £ | £ | |||
| Other debtors | 1,936 | 8,996 | ||
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2022 | 2021 | |||
| £ | £ | |||
| Other creditors | 75,177 | 109,895 | ||
| 6. | MOVEMENT IN FUNDS | |||
| Net | ||||
| At | movement | At | ||
| 1.10.21 | in funds | 30.9.22 | ||
| £ | £ | £ | ||
| Unrestrictedfunds | ||||
| General fund | 42,672 | 30,521 | 73,193 | |
| Restricted funds | ||||
| The Chris Bennie Fund | 101 | 1,234 | 1,335 | |
| Bursaries Fund | 12,579 | (3,955) | 8,624 | |
| Academies Fund | 39,725 | (6,765) | 32,960 | |
| 52,405 | (9,486) | 42,919 | ||
| TOTAL FUNDS | 95,077 | 21,035 | 116,112 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 374,784 | (344,263) | 30,521 | |
| Restricted funds | ||||
| The Chris Beimie Fund | 1,653 | (419) | 1,234 | |
| Bursaries Fund | 18,400 | (22,355) | (3,955) | |
| Academies Fund | 8,000 | (14,765) | (6,765) | |
| 28,053 | (37,539) | (9,486) | ||
| TOTAL FUNDS | 402,837 | (381,802) | 21,035 |
| Net | |||
|---|---|---|---|
| At | movement | At | |
| 1.10.20 | in funds | 30.9.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 47,808 | (5,136) | 42,672 |
| Restricted funds | |||
| The Chris Bennie Fund | 101 | 101 | |
| Bursaries Fund | 16,141 | (3,562) | 12,579 |
| Academies Fund | - | 39,725 | 39,725 |
| 16,242 | 36,163 | 52,405 | |
| TOTAL FUNDS | 64.050 | 31,027 | 95,077 |
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 233,888 | (239,024) | (5,136) |
| Restricted funds | |||
| Bursaries Fund | 25,653 | (29,215) | (3,562) |
| Academies Fund | 41,000 | (1,275) | 39,725 |
| 66,653 | (30,490) | 36,163 | |
| TOTAL FUNDS | 300,541 | (269,514) | 31,027 |
| Net | |||
|---|---|---|---|
| At | movement | At | |
| 1.10.20 | in funds | 30.9.22 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 47,808 | 25,385 | 73,193 |
| Restricted funds | |||
| The Chris Beimie Fund | 101 | 1,234 | 1,335 |
| Bursaries Fund | 16,141 | (7,517) | 8,624 |
| Academies Fund | 32,960 | 32,960 | |
| 16,242 | 26,677 | 42,919 | |
| TOTAL FUNDS | 64,050 | 52,062 | 116,112 |
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 608,672 | (583,287) | 25,385 |
| Restricted funds | |||
| The Chris Bennie Fund | 1,653 | (419) | 1,234 |
| Bursaries Fund | 44,053 | (51,570) | (7,517) |
| Academies Fund | 49,000 | (16,040) | 32,960 |
| 94,706 | (68,029) | 26,677 | |
| TOTAL FUNDS | 703,378 | (651,316) | 52,062 |
The Rodolfus Foundation Limited
Detailed Statement of Financial Activities for the Year Ended 30 Sel!tember 2022
| INCOME AND ENDOWMENTS Donations and legacies Subscriptions Donations Gift aid Charitable activities Contributions fom course participants Concert fees, ticket & CD sale Total incoming resources EXPENDITURE Other trading activities Fundraising Expenses Charitable activities Choral Courses Choral Concerts & Recordings Producing CD'S Concert Management and Administration Administration expenses Support costs Governance costs Accountancy fees Total resources expended Net income 2022 £ 6,855 80,659 5,905 93,419 297,750 11,668 309,418 402,837 11,966 300,145 4,980 602 41,244 21,332 368,303 1,533 381,802 21,035 |
2021 £ 5,874 69,782 4,835 80,491 213,569 6,481 220,050 300,541 14,752 194,475 1,836 906 35,112 21,117 253,446 1,316 269,514 31,027 |
|---|---|
This page does not form part of the statutory financial statements
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