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2022-07-31-accounts

CHESTER MUSIC SOCIETY

TRUSTEES' ANNUAL REPORT for the year ended 31 July 2022

Reference & Administrative Details:

Charity Name: Chester Music Society Charity Number: 1099094 Company Number 4793760 Principal address: c/o Dr D Taylor, 77 Mill Lane, Upton, CH2 1BS Registered Office: UHY Hacker Young, St John's Chambers, Love Street, Chester CH1 1QN Main Banker: NatWest, PO Box No 8, 33 Eastgate Street, Chester CH1 1XA

Members of the Board of Trustees , who are also directors, on the date the report was approved or during the financial year:

Michael Clarke (Chairman) Penny Clarke (Vice Chairman) Sue Russell (Secretary) David Taylor (Treasurer) Sue Taylor (Assistant Treasurer) John Wishlade (Publicity) Co-opted John Ferrari Jon Penn Berkeley Ranby

David Woods resigned January 2022 David Parks-Smith resigned December 2021 John Herson resigned December 2021

Structure, Governance & Management

The Charity is a Company Limited by Guarantee, governed by its Memorandum and Articles of Association. It is registered as a Charity with the Charity commission. The Board of Trustees meets at least five times a year; day to day management of the activities is in the hands of three sectional committees and designated sub- committees of the Board. Any funds surplus to requirements are held in interest bearing deposit accounts or recommended investments which are reviewed on a regular basis.

One third of the trustees who are subject to retirement by rotation are elected annually at the Company’s Annual General Meeting. All Board Members are volunteers and unpaid. There is a simple vetting procedure for new Board Members and they are provided with an information pack about the charity and their responsibilities.

The Charity is a member of Making Music, the UK’s foremost umbrella group for amateur music. This assists with technical and developmental aspects of the Charity’s activities.

Objectives and Activities

The Charity’s objects are to provide, maintain, improve and advance education in the widest sense of the word by furthering public appreciation of music (Memorandum of Association para. 4).

The Charity aims to play a significant part in Chester’s on-going cultural life as one of the strategic arts organisations in the city. It provides a varied programme of predominantly classical music that would not otherwise be provided in the city and surrounding region by commercial organisations. It contributes to the cultural richness of the city and to diversifying the social life of the city centre.

The Charity is organised into three sections: -

Promotion and implementation of events outside the remit of the three sections are the responsibility of specific sub-committees of the Board of Trustees.

The Charity takes a leading role in the promotion and coordination of musical life in Chester and in cultural initiatives provided by Cheshire West and Chester Council.

The Trustees have full regard to the Charity Commission’s guidance on public benefit. The Charity’s aims and activities fulfil the public benefit requirement of the Charities Act, 2011. Its charitable purposes are concerned with the advancement of education and the advancement of musical culture. They also contribute to the advancement of citizenship and community development through the opportunities offered to all age groups to hear, participate in, and organise a varied range of musical events. The Charity’s beneficiaries are all those in the Chester region and elsewhere who wish to experience its activities as audiences, performers and members.

Ticket Prices and Subscriptions are set achieve break even against operating cost and expenses as far as is possible. Discounted tickets and subscriptions are offered to unemployed people, people with disabilities, school children and students.

The Society takes a robust and systematic approach to assessing and managing risk. The Risk Register identifies possible risks to the Company and is reviewed on a regular basis. Any new risks that have arisen and any ongoing risks already identified are discussed and acted upon where possible at each Board meeting. The main risks that the Society identified in the current period are the failure to recover membership post the pandemic with consequent loss of income and potential ongoing viability of all sections of the society. The Society has identified mitigation plans to deal with these eventualities both now and going forward.

A comprehensive range of Policies exist for implementation by the Board of Trustees and the wider society membership. These are reviewed on a regular basis and comprise the following topics,

New Trustees are usually recruited following a period as members of subcommittees or sections and in some cases are co-opted prior to appointment. This ensures, alongside the induction programme that new trustees are aware of their responsibilities.

Achievement & Performance

2021/2022 was another challenging season for the Society. A limited range of events were held starting much later than usual. There was no Young Musician Competition due to the ongoing pandemic affecting schools and colleges.

String Workshop: A financially successful and enjoyable string workshop was held in July at Abbeygate College and enabled 29 participants to play together in chamber groups with guidance from 3 experienced tutors.

CMS activities enrich the experience of participants and contribute to the Society’s aim of “furthering the public appreciation of music”.

The board owes its volunteers a large debt of thanks and would like to take this opportunity to pay tribute to the hard work, dedication and enthusiasm of the many people who contribute to the success of the organisation.

Financial Review.

The financial resources held by the Society are sufficient to allow it to pursue its prime objective of furthering education and the public appreciation of music.

The Statement of Financial Activities for 2021/22 shows that the total available funds at year end stood at £152,658 with a net positive movement in funds of £12,403 compared with a net positive movement of £249 in 2020/21. Net incoming funds of £14,314 led to unrestricted funds of £106,950 compared with £92,636 in 2020/21. Net outgoing funds of £1,911 resulted in restricted funds of £45,708 against £47,618 in 2020/21. The Notes to the Accounts show that within the unrestricted funds two designated Funds, totalling £11,305, remained at year end. Restricted funds have four named Funds, required to be used for specific named purposes. There are no Funds materially in deficit.

Market uncertainty has resulted in our investments sustaining a loss of £5,121 to £67,507, compared to a gain of £3,580 in 2020/21. Overall, our attitude to investment risk is lower medium and we have a moderate ability to bear an investment loss. The Society does not take into account social, environmental or ethical considerations in its investment policy. The Society’s tangible fixed assets that could be disposed of to potentially provide resources for future activity are Choir staging currently valued at £36,630 and a Steinway piano currently valued at £12,671.

Our annual income comes from subscriptions, donations, ticket sales, fund raising and investments. Our expenditure is connected with both performing and promoting live concerts and necessary administration. This year a full programme of Choir concerts, a set of Celebrity Concerts beginning in January 2022 and a small set of Showcase concerts were planned. Due to the ongoing effects of Covid-19, audiences were much lower than budgeted for at the autumn Choir concerts. Thus, financial considerations caused us to redraw the Choir budget to include support from reserves, cancel one of our planned 2022 concerts and run a restricted rehearsal schedule for the remaining one. Aided by a substantial donation from a Choir member, this concert ran successfully with a good audience and resulted in a near break-even position for the Choir at season’s end with no need for support from reserves.

Throughout this last year regular on-line meetings of the Board of Trustees and sub-committees continued to ensure proper management of the Society and financial matters were regularly monitored and discussed. In particular no restricted funds were used inappropriately.

The resumption of Choir activities required us to proceed with the purchase of the Choir staging using the Designated Fund of £38,000. In addition, the Board applied for several grants from local charities and issued a staging appeal to members for donations towards the cost of the staging. This appeal was very successful and yielded £17,162, significantly reducing the impact of the cost of the staging on the Society’s reserves.

Overall, the financial position, including the reserves, of the Society are such that it is able to plan and run a normal season for 2022/23, whilst being aware that the remaining ongoing effects of Covid-19 and the Energy crisis require careful monitoring and vigilance in order to react where necessary to changing

circumstances and remain financially secure.

Policy on Reserves

The society has been in operation since 1946 and in order to continue to thrive it needs to set aside sufficient funds to continue to provide its programme of concerts and events in these challenging times.

The society will therefore aim to set aside sufficient reserves to continue to provide its programme of concerts and events to ensure it meets the charity’s aims.

The ongoing assessment and management of risk, prudent management of resources and planning to ensure sufficient reserves will ensure that services are maintained.

The society employs no staff, owns no buildings or any ongoing leases and therefore the effect of unplanned closure to beneficiaries is extremely low.

The society will aim to hold reserves of about £48,000.

Plans and Outcomes for 2021-22

Plans for 21/22 season

public regarding returning to normal activities such as concert going. As the Covid issue subsided over the period CMS was able to attract far greater audiences especially for the final Choir Concert of the Messiah (as mentioned in the Choir Report).

Plans for the Future

Plans for 22/23 Season

Funds held as Custodian Trustees;

The Charity does not hold funds on behalf of any other charity.

Responsibilities of Trustees

The trustees are responsible for preparing the Trustees Report and financial statements in accordance with applicable law and regulations and in accordance with the UK generally accepted accounting practices.

Company law requires the trustees to prepare the financial statements for each financial year which give a true and fair view of the state of affairs of the charity at the end of the year and of the incoming and outgoing resources for the year then ended.

In preparing those financial statements, the trustees are required to select suitable accounting policies and then apply them consistently, making judgements and estimates that are reasonable and prudent. The trustees must also prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue its activities. Company law requires that the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Declarations

The Trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees:

Michael Clarke, Chairman

Date: 8 November 2022

Independent Examiner’s Report

I report on the Accounts of the Chester Music Society, a registered charity and a company limited by guarantee for the year ended 31 July 2022. These are set out in the following pages.

Responsibilities and basis of report

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under company law, and is eligible for independent examination, it is my responsibility to:

Basis of Independent Examiner’s statement

My examination was conducted in accordance with the Directions and guidance given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view, and the report is limited to those matters set out in the statement below.

Independent Examiner’s statement

I have completed my examination. I confirm that no material matter has come to my attention,

Peter W Hurst FCMA CGMA Fellow of the Chartered Institute of Management Accountants

Cliff Cottage,Cliff Road,Acton Bridge,Northwich,CW8 3QP

Date 12[th] October 2022

CHESTER MUSIC SOCIETY STATEMENT OF FINANCIAL ACTIVITIES

(including summary income and expenditure account)

Company Number: 4793760 Registered Charity: 1099094 For the year ended 31 July 2022

Note
Income
Income and endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investments
Separate material item of income
Other
Total income
Expenditure
2
Expenditure on:
Raising funds
Charitable activities
Other
Total expenditure
Net income/(expenditure) before tax for
the reporting period
Tax payable
Net income/(expenditure) after tax
before investment gains/(losses)
Net gains/(losses) on investments
5
Net income/(expenditure)
Extraordinary items
Transfers between funds
11
Other recognised gains/(losses):
Gains and losses on revaluation of fixed assets
for the charity’s own use
Other gains/(losses)
Net movement in funds
Reconciliation of funds:
Total funds brought forward at 1 August
10
Total funds carried forward at 31 July
9		 2022
Unrestricted
£
45,723
27,495
11,278
38
0
84,533
1,676
63,263
1,624
66,563
17,970
0
17,970
(3,656)
14,314
0
14,314
92,636
106,950		 2022
Restricted
£
0
0
0
0
0
446
0
446
(446)
0
(446)
(1,465)
(1,911)
0
0
(1,911)
47,618
45,708		 2022
Total
£
45,723
27,495
11,278
38
0
84,533
1,676
63,709
1,624
67,009
17,524
0
17,524
(5,121)
12,403
0
12,403
140,255
152,658		 2021
Total
£
6,738
-1,747
15
63
0
5,069
0
7,717
683
8,400
(3,331)
0
(3,331)
3,580
249
0
0
249
140,005
140,255

7

DocuSign Envelope ID: 743BDCA2-65C8-4A23-A4B3-CD2EF3A8E351

CHESTER MUSIC SOCIETY

STATEMENT OF FINANCIAL POSITION

Company Number: 4793760 Registered Charity: 1099094 For the year ended 31 July 2022

Note

At 31 July 2022 At 31 July 2022 At 31 July 2022 At 31 July 2021 At 31 July 2021 At 31 July 2021
£ £ £ £
FIXED ASSETS
Tangible Assets 4 49,301 12,971
Investments 5 67,507 72,628
Total fixed assets Total fixed assets 116,808 85,599
CURRENT ASSETS
Debtors: amounts falling due within 1 year Debtors: amounts falling due within 1 year 6 16 369
Amounts falling due within more than 1 year Amounts falling due within more than 1 year 6 30
Pre-payments for next season 6 913
Cash at Bank & in hand 8 46,937 59,760
Total current assets 47,896 60,129
Creditors: amounts falling due within one year 7 (5,140) (644)
Amounts falling due within more than one year Amounts falling due within more than one year 7 (634)
Accruals 7 (6,272) (4,830)
Net current assets/(liabilities) 35,850 35,850 54,655 54,655
TOTAL NET ASSETS/(LIABILITIES) 152,658 140,255
THE FUNDS OF THE CHARITY
Restricted income funds 9 43,775 44,220
Revaluation restricted - Investments 9 1,933 3,398
Unrestricted funds: 9 101,376 83,406
Revaluation unrestricted - Investments 9 5,574 9,230
Total Funds 152,658 140,255

The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.

Signed by one or two trustees/directors on behalf of all the trustees/directors

Signature Print Name Date of
approval
D. J. TAYLOR 02-Nov-22
DocuSigned by:
Midacl Clarke		 M. CLARKE 02-Nov-22

Signature of director authenticating accounts being sent to Companies House

Signature Print Name
DocuSigned
by:
Sue Kussll		 S. J. RUSSELL
~~hr~~		 02-Nov-22
~~hr~~

8

CHESTER MUSIC SOCIETY

NOTES TO THE ACCOUNTS

For the year ended 31 July 2022

1.1 Company status

The charity is a company limited by guarantee. In the event of the charity being wound up the liability in respect of the guarrantee is limited to £1 per member of the charity.

1.2 Basis of Accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Charities Act 2011.

In preparing the accounts, the trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparitive items were required. No restatements were required.

The charity constitutes a public benefit as defined by FRS 102.

1.3 Going concern

There are no material uncertainties about the charity's ability to continue and so the going concern basis of accounting has been adopted.

1.4 Change of accounting policy

The accounts have been prepared in accordance with FRS 102.

1.5 Income

Income is recognised in the Statement of Financial Activities (SOFA) when the charity is entitled to the funds, the receipt is probable and the amount can be measured reliably. Grants and donations are included in the SOFA when the general income recognition criteria are met (5.10 to 5.12 FRS 102 SORP).

1.6 Expenditure

Expenditure and creditors are recognised when a present legal and constructive obligation exists at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required to settle the obligation, and the amount can be measured reliably. Expenditure is measured on an accruals basis. Resources expended are allocated to the particular activity where the cost directly relates to that activity.

1.7 Fund accounting

Unrestricted funds are shown separately in the SOFA. They are available for use at the trustee's discretion in furtherance of the general objects of the charity. Restricted funds are those subject to specific conditions imposed by the donors or have been raised for a particular purpose. The cost of raising and administering such funds is charged to the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statement. Designated funds are unrestricted funds earmarked by the trustees for particular purposes. Investment income and gains are allocated to the appropriate fund.

1.8 Assets and depreciation

Tangible fixed assets used for charitable purposes are stated at cost less depreciation and all repairs are written off as incurred. Depreciation is currently charged at 5%. Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.

1.9 Investments

Investments are stated at market value as at the balance sheet date. The SOFA includes the net gains and losses arising in the revaluation and disposals of investments during the year. Investment income is accounted for on an accruals basis. Unrealised gains and losses are calculated by comparing previous balance sheet valuation to the year end valuation.

9

2 Analysis of expenditure by activity

Activity
Society general
Celebrity Concerts
Choir
Showcase
Total
3
Fees for examination of accounts
Cost of independent examination
4
Tangible Fixed Assets
Cost
on acquisition
NET BOOK VALUE
At 31 July 2021
Additions in year
Value prior to depreciation charge
Depreciation on assets brought fwd
Depreciation on additions in year
Depreciation for year
NET BOOK VALUE at 31 Jul 2022
5
Investments
Quilter Cheviot Managed Portfolio
At 1 August 2021
Unrealised gain (loss)
At 31 July 2022
6
Debtors and prepayments
Debtors due within 1 yr
IncomeDebtors due more than 1 year
Pre-payments - next season
Total
7
Creditors, accruals & provision
Creditors due within 1 year
Creditors due more than 1 year
Accruals
Old Accruals written off >7 yrs
8
Cash at bank and in hand
Short term deposits
Cash at bank and in hand
Total		 Raising
Funds £
0
60
1,616
0		 Charitable
Activities £
2,003
5,963
55,136
607
63,709
2021
£
150
Fixtures
Fittings &
Equipment
£
PIANO
18,900
12,971
350
13,321
649
1
650
12,671
Restricted
£
23,398
(1,465)
21,933
2022
£
16
30
913
959
2022
£
5,140
634
6,272
12,046
0
2022
£
1,283
45,654
46,937		 Other
£
1,574
0
50
0
1,624
£
STAGING
37,554
0
37,554
37,554
0
924
924
36,630
Total
£
72,628
(5,121)
67,507
2021
£
30
339
369
2021
£
634
10
4,830
5,474
2021
£
37,554
22,207
59,760		 Total
£
3,577
6,023
56,802
607
1,676 67,009
2022
£
150
Unrestricted
£
49,230
(3,656)
45,574

10

9
Funds in the current reporting period
Balance
Brought forward
£
Restricted Funds
Choir Trips Fund
2,744
Celebrity Concerts Baxter Fund
28,070
Piano Maintenance Fund
4,400
Young Musicians' Fund
9,006
44,220
Revaluation (Deficit) Gain Investments
3,398
47,618
Unrestricted Funds
Designated:
- Showcase Activities Fund
10,762
- 2021 Fund
15,000
- Hallett Memorial Fund
914
- Choir Staging Fund
38,000
Other Charitable Funds
18,731
83,406
Revaluation (Deficit) Gain Investments
9,230
92,636
Total
140,255		 9
Funds in the current reporting period
Balance
Brought forward
£
Restricted Funds
Choir Trips Fund
2,744
Celebrity Concerts Baxter Fund
28,070
Piano Maintenance Fund
4,400
Young Musicians' Fund
9,006
44,220
Revaluation (Deficit) Gain Investments
3,398
47,618
Unrestricted Funds
Designated:
- Showcase Activities Fund
10,762
- 2021 Fund
15,000
- Hallett Memorial Fund
914
- Choir Staging Fund
38,000
Other Charitable Funds
18,731
83,406
Revaluation (Deficit) Gain Investments
9,230
92,636
Total
140,255		 Resource
incoming
£
237
17,162
67,135
84,533
84,533
84,533		 Resource
outgoing
£
96
350
446
446
607
37,554
28,402
66,563
66,563
67,009		 Transfers
between
funds
£
0
0
(15,000)
(17,608)
32,608
0
0
0		 Revaluation
Gain (Loss)
£		 Balance
At end
£
2,649
28,070
4,050
9,006
44,220
3,398		 (1,465) 43,775
1,933
47,618 (1,465) 45,708
10,762
15,000
914
38,000
18,731		 10,391
0
914
0
90,071
83,406
9,230		 (3,656) 101,376
5,574
92,636 (3,656) 106,950
140,255 (5,121) 152,658

The Choir Trips Fund is restricted to use by the Choir on their concert trips. The restricted Celebrity Concerts Baxter Fund contains donations restricted for use by the Celebrity Concerts section The restricted Piano Maintenance Fund is to help maintain the quality of the piano used in the Celebrity Concerts series The restricted Young Musicians' Fund is to provide bursaries for outstanding young musicians and to facilitate access to live classical music performance for young people.

The designated Showcase Activities Fund is set aside for the future stability of the Showcase Section. The designated 2021 Fund was set up for events associated with the 75th Anniversary celebrations of the Society. These did not take place due to Covid and Fund closed in 2022. The designated Hallett Memorial Fund is set aside for use in activities in memory of Geoffrey & Lila Hallett The designated Choir Staging Fund was set aside for purchase of the tiered choir staging. After purchase of staging, Fund closed in 2022.

10
Funds in the previous reporting period
Balance
Brought forward
(Funds defined above)
£
Restricted Funds
Choir Trips Fund
4,572
Celebrity Concerts Baxter Fund
30,500
Piano Maintenance Fund
4,400
Young Musicians' Fund
9,006
48,478
Revaluation (Deficit) Gain Investments
2,556
51,034
Unrestricted Funds
Designated:
- Showcase Activities Fund
11,062
- 2021 Fund
15,000
- Hallett Memorial Fund
914
- Choir Staging Fund
Other Charitable Funds
55,503
82,479
Revaluation (Deficit) Gain Investments
6,492
88,971
Total
140,005		 10
Funds in the previous reporting period
Balance
Brought forward
(Funds defined above)
£
Restricted Funds
Choir Trips Fund
4,572
Celebrity Concerts Baxter Fund
30,500
Piano Maintenance Fund
4,400
Young Musicians' Fund
9,006
48,478
Revaluation (Deficit) Gain Investments
2,556
51,034
Unrestricted Funds
Designated:
- Showcase Activities Fund
11,062
- 2021 Fund
15,000
- Hallett Memorial Fund
914
- Choir Staging Fund
Other Charitable Funds
55,503
82,479
Revaluation (Deficit) Gain Investments
6,492
88,971
Total
140,005		 Resource
incoming
£
(1,747)
(1,747)
(1,747)
0
6,816
6,816
6,816
5,069		 Resource
outgoing
£
82
2,430
2,512
2,512
300
5,589
5,889
5,889
8,400		 Transfers
between
funds
£
0
0
38,000
(38,000)
0		 Revaluation
Gain (Loss)
£		 Balance
At end
£
2,744
28,070
4,400
9,006
48,478
2,556		 842 44,220
3,398
51,034 842 47,618
11,062
15,000
914
55,503		 10,762
15,000
914
38,000
18,731
82,479
6,492		 2,738 83,406
9,230
88,971 2,738 92,636
140,005 3,580 140,255

11 Transfers between funds

Transfers between restricted and unrestricted funds £ 0 Transfers of funds between unrestricted funds and designated funds £ (32,608)

12 Designated funds The designated Showcase Activities fund is set aside for the future stability of the Showcase Section. Its current value is: £ 10,391 A designated 2021 Fund was set aside for events associated with the 75th Anniversary celebrations of the Society. Its current value is £ 0 A designated Hallett memorial Fund was set aside for activities in memory of Geoffrey & Lila Hallett. Its current value is £ 914

13 Trustee remuneration and benefits Trustees are not paid for their trustee activities and any reimbursments are not material. David Taylor was paid £0 (0 last year) for professional accompanist charges as allowed by Memorandum Clause 5 (1).

15 Related Party Transactions

None

11

CHESTER MUSIC SOCIETY MANAGEMENT ACCOUNTS

INCOME & EXPENDITURE OVERALL

For the year ended 31 July 2022

2022
Unrestricted
£
INCOME
Donations and legacies:
Donations
14,953
Gift aid
7,067
Grants
6,000
Subscriptions (donation element)
17,703
Charitable activities:
Sales of concert tickets and programmes
26,569
Educational activities
926
Other trading activities:
Subscriptions (service element)
4,233
Sponsorship
500
Fund raising income
6,545
Investments:
Bank interest
38
Other
0
TOTAL INCOME
84,533
EXPENDITURE
Raising funds
1,676
Charitable activities:
Artists/accompanists/conductors
32,116
Administration
449
Accountancy fees
150
Bank charges
267
Insurance
562
Adverts/publicity
796
Hall hire
21,375
Instruments/music
1,627
Printing programmes/tickets/ticket commission
3,164
Miscellaneous production costs
1,954
Educational activities
802
Other:
Depreciation
1,574
Other
50
TOTAL EXPENDITURE
66,563		 2022
Restricted
£
0
350
96
446		 2022
Total
£
14,953
7,067
6,000
17,703
26,569
926
4,233
500
6,545
38
0
84,533
1,676
32,116
449
150
267
562
796
21,375
1,627
3,164
2,304
898
1,574
50
67,009		 2021
Total
£
5,720
1,018
(1,747)
15
63
5,069
0
7,411
117
150
251
704
0
0
100
0
(1,098)
82
683
0
8,400

12

CHESTER MUSIC SOCIETY

INCOME AND EXPENDITURE SUMMARY

For the year ended 31 July 2022

2022
£
Overall summary
(As per schedules attached)
Relating to:
Unrestricted
a
The Society
surplus/(deficit)
18,362
b
Celebrity Concerts
surplus/(deficit)
385
c
Choir
surplus/(deficit)
(407)
Choir Trips
surplus/(deficit)
d
Showcase
surplus/(deficit)
(370)
17,970
Unrealised investment gain (loss)
(3,656)
Transfers between funds
Overall surplus/(deficit) for season
14,314		 2022
£
Restricted
(350)
(96)
(446)
(1,465)
(1,911)		 2022
2021
£
£
Total
Total
18,012
412
385
(2,530)
(407)
915
(96)
(1,828)
(370)
(300)
17,524
(3,331)
(5,121)
3,580
0
0
12,403
249

13

CHESTER MUSIC SOCIETY

INCOME AND EXPENDITURE ACCOUNT

For the year ended 31 July 2022

2022
£
a
Re: The Society
Unrestricted
Income
Sponsorship/Patrons/Donations
9,308
Subscriptions
2,484
Gift Aid
2,474
Grants
6,000
Bank interest
38
Projects: Piano income
360
Projects: Chamber Music Workshop
926
Projects: Young Musician Competition
0
Fund raising income
0
Miscellaneous
0
`
21,589
Expenditure
Administration, postage, meetings
121
Examination of accounts
150
Insurance
562
Bank charges
267
Advertising & Publicity
100
Training
0
Projects: Piano expenses
(350)
Projects: Chamber Music Workshop
802
Projects: Young Musician Competition
0
Artists - Bursary
Educational artists
0
Equipment
Depreciation
1,574
Fund raising expenditure
0
Miscellaneous
0
3,227
Surplus/(deficit)
18,362		 2022
£
Restricted
0
350
0
350
(350)		 2022
£
Total
9,308
2,484
2,474
6,000
38
360
926
0
0
0
21,589
121
150
562
267
100
0
0
802
0
0
0
1,574
0
0
3,577
18,012		 2021
£
Total
4,920
0
1,018
0
63
0
0
0
0
0
6,001
117
150
704
251
0
0
0
0
0
3,881
0
(198)
683
0
0
5,589
412

14

CHESTER MUSIC SOCIETY

INCOME AND EXPENDITURE ACCOUNT

For the year ended 31 July 2022

2022
£
b
Re: Celebrity Concerts
Unrestricted
Income
Sale of non-season tickets
510
Subscriptions/season tickets
3,763
Programme income
113
Sponsorship/patrons/donations
562
Gift Aid
303
Grants
0
Fund raising income
1,157
Bequest
0
6,408
Expenditure
Artists fees & expenses
4,400
Administration
0
Advertising & publicity
0
Hire of halls
887
Hire & maintenance of instruments
400
Misc inc PRS
175
Printing programmes & tickets
28
Ticket commission
24
Miscellaneous
109
Fund raising expenditure
0
6,023
Surplus/(deficit)
385
y		 2022
£
Restricted
0
0
0
0		 2022
£
Total
510
3,763
113
562
303
0
1,157
0
6,408
4,400
0
0
887
400
175
28
24
109
0
6,023
385		 2021
£
Total
0
0
0
0
0
0
0
0
0
2,430
0
0
0
100
0
0
0
0
2,530
(2,530)

15

CHESTER MUSIC SOCIETY

INCOME AND EXPENDITURE ACCOUNT

For the year ended 31 July 2022

£
£
c
Re: Choir
Income
Sale of tickets
25,035
Programme income
674
Sponsorship/patrons/donations
5,583
Subscriptions
15,690
Gift Aid
4,290
Miscellaneous
0
Members' music hire/purchase
984
Fund raising income
4,044
56,299
Expenditure
Conductors & Accompanist
6,446
Artists fees & expenses
8,367
Orchestral fees & expenses
12,503
Administration
328
Advertising & publicity
696
Hire of halls
9,026
Staging costs
11,462
Lighting
0
Hire & maintenance of instruments
0
Music
1,062
Printing programmes & tickets
926
Ticket commission
2,186
Miscellaneous inc PRS
2,038
Equipment
0
Charity donation
50
Members' music hire/purchase
50
Fund raising expenditure
1,566
56,706
Surplus/(deficit)
(407)
y
TRIPS ACCOUNT
(RESTRICTED FUNDS)
Surplus on agency payments
Cost of administration
96
Surplus/(deficit)
(96)
2022		 £
£
0
0
800
0
0
0
15
0
815
0
800
0
0
0
0
0
0
0
0
0
(900)
0
0
0
0
(100)
915
(1,747)
82
(1,828)
2021		 £
£
0
0
800
0
0
0
15
0
815
0
800
0
0
0
0
0
0
0
0
0
(900)
0
0
0
0
(100)
915
(1,747)
82
(1,828)
2021
915
(1,747)
82
(1,828)

16

CHESTER MUSIC SOCIETY

INCOME AND EXPENDITURE ACCOUNT

For the year ended 31 July 2022

e
Re: Showcase
Income
Sale of tickets
Subscriptions
Refreshments
Sponsorship/Donations
Misc
Fundraising income
Expenditure
Artists fees & expenses
Administration
Advertising & publicity
Printing
Hire of halls
Piano tuning
Refreshments
Miscellaneous, inc equipment & PRS
Fund raising expenditure
Surplus/(deficit)		 £
£
237
0
0
0
0
0
237
400
0
0
0
166
0
0
41
0
607
(370)
2022		 £
£
0
0
0
0
0
0
0
300
0
0
0
0
0
0
0
300
(300)
2021		 £
£
0
0
0
0
0
0
0
300
0
0
0
0
0
0
0
300
(300)
2021
(300)

17