## **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**| |---|---|---| |||| 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 re￿rt. 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 InVo￿e With besl vnshes for Ihe coming year. Von Mathieson Exeter Commutw AccountsThJ 07814 881481