Treasurers Report Year End 2021/22
Start of year accounts
The orchestra started the year with a total of £13,215 in the current account and £15,074 in the reserve account.
Funding
Subscriptions were collected from members on an annual basis with the option to pay in two instalments. Subscriptions amounted to £6,318. This is less than 2020/21 but this is due to £2015 being collected in advance of the 2021/22 financial year.
Expenses
The balance of £871 was transferred to Leo from wedding donations in the 2021/22 financial year.
End of year accounts
The orchestra ended the year with a total of £15,396 in the current account and £15,080 in the reserve account. This suggests a surplus across the year of £2186. However, the real surplus is actually £1186 after allowing for the £1,000 donation which is ‘ring fenced’ for a future project.
All three concerts during 2021/22 were financially successful and made a surplus, even the Summer concert which is unprecedented for recent years. However, the orchestra’s running costs (MD fees, St. Peter’s hire and administration) exceed the income from subscriptions by a considerable amount – this is not a problem whilst concerts are making a surplus but is a risk. To avert this, an increase in subscription to £150/year is proposed from September 2023.
The accounts were inspected and approved by Exeter Community Accounting in September 2022.
Rosemary Hakes
Treasurer – Devon Philharmonic Orchestra
Devon Philharmonic Orchestra Registered Charity Number 1064282 Annual Payments & Receipts Account Year Ending 31st August 2022
| This Year 1/9/21-31/8/22 RECEIPTS November Cathedral Concert 10,205.01 £ Cathedral Concert April 7,570.38 £ Summer Concert 1,505.07 £ St Stephens RAMM/COMA events Choral Subs Members Subscriptions £6,317.67 Friends' Subscriptions £248.00 Administration & Marketing £1,173.80 Gift Aid £1,572.64 Leo Donations General Donations Twinning Receipts Deposit Interest £6.06 Total Annual Receipts 28,598.63 £ PAYMENTS November Cathedral Concert 5,890.69 £ Cathedral Concert April 6,939.42 £ Summer Concert £1,332.94 St Stephens Twinning Visit Administration & Marketing £2,029.84 Last/next Seasons Costs 280.20 £ Rehearsal Venue Hire £2,155.20 Musical Director's & Associate AMD's Cost £6,618.53 Making Music subscription £295.00 Coffees etc Re-Branding Costs leo Donations £871.01 RAMM/COMA events Total Annual Payments 26,412.83 £ Surplus of Income over Payments 2,185.80 £ Opening Balances 01/09/2020 28,290.06 £ Add Receipts 28,598.63 £ Total 56,888.69 £ Less Annual Payments 26,412.83 £ Closing Balances 31/08/2020 30,475.86 £ Bank Balances 31/08/2022 HSBC 15,395.71 £ HSBC Deposit Account 15,080.24 £ Totals 30,475.95 £ Surplus 2,185.89 £ Andy Henderson Hon. Treasurer 31st August 2022 |
Last Year 1/9/20-31/8/21 £120.00 £1,507.00 £7,632.50 £35.00 £0.98 £968.75 £890.00 £1,000.00 £1.50 12,155.73 £ £44.99 £563.06 £687.60 £4,888.45 £407.00 £18.99 £862.50 7,472.59 £ 4,683.14 £ 23,606.92 £ 12,155.73 £ 35,762.65 £ 7,472.59 £ 28,290.06 £ 31/08/2021 31/08/2020 13,215.97 £ 8,534.33 £ 15,074.09 £ 15,072.59 £ 28,290.06 £ 23,606.92 £ 4,683.14 £ -£3,179.04 |
Last Year 1/9/20-31/8/21 £120.00 £1,507.00 £7,632.50 £35.00 £0.98 £968.75 £890.00 £1,000.00 £1.50 12,155.73 £ £44.99 £563.06 £687.60 £4,888.45 £407.00 £18.99 £862.50 7,472.59 £ 4,683.14 £ 23,606.92 £ 12,155.73 £ 35,762.65 £ 7,472.59 £ 28,290.06 £ 31/08/2021 31/08/2020 13,215.97 £ 8,534.33 £ 15,074.09 £ 15,072.59 £ 28,290.06 £ 23,606.92 £ 4,683.14 £ -£3,179.04 |
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Independent Examination info 10 Ive ecadevon.co.uk Tue. Sep27. 2022. 12'.35 PM Dear Rosemary I have examined the xwjnts as requested aThJ have F4easure m attachThJ Ihe Independent Examinafyon rert. Al figwes are In ordtr tArt I would suggesl that the year Is noied at the lop ol each cc4umn e 9 119121.3118122 $0 ihere is no Confusion atoJl reFthNJ pertod l also attach my InVoe With besl vnshes for Ihe coming year. Von Mathieson Exeter Commutw AccountsThJ 07814 881481