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2024-07-31-accounts

REGISTERED COMPANY NUMBER: 04793760 (England and Wales) REGISTERED CHARITY NUMBER: 1099094

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 July 2024

for

Chester Music Society

Johnstone Howell & Co 104 Whitby Road Ellesmere Port Cheshire CH65 0AB

Chester Music Society

Contents of the Financial Statements for the Year Ended 31 July 2024

Page
Report of the Trustees 1 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9 to 10
Notes to the Financial Statements 11 to 18
Detailed Statement of Financial Activities 19 to 20

Chester Music Society

Report of the Trustees for the Year Ended 31 July 2024

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 July 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES Objectives and aims

The charity's objects are to provide, maintain, improve and advance education by furthering public appreciation of music.

The charity aims to play a significant part in the on-going cultural life of Chester and its environs as one of the leading arts organisations in the area. It provides a varied programme of predominantly classical music that would not otherwise be provided by commercial organisations and contributes to the area's cultural richness.

The charity is organised into three sections:

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

Page 1

Chester Music Society

Report of the Trustees for the Year Ended 31 July 2024

OBJECTIVES AND ACTIVITIES Public benefit

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.

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 include the following topics:

- GDPR

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

Page 2

Chester Music Society

Report of the Trustees for the Year Ended 31 July 2024

ACHIEVEMENT AND PERFORMANCE

Charitable activities

2023/24 was generally a successful year despite some setbacks with lower audience numbers and the continuing lack of interest from school participation. However, the charity continues working towards reestablishing school participation wherever possible.

A successful and enjoyable string workshop was held in May at Abbeygate College. There were 33 participants playing together in various chamber groups with guidance from experienced tutors. The Young Musicians Competition returned to Abbeygate College in November, with another good level of entries across a wide range of instruments and ages. The category winners and overall winner performed in a special concert for the winners in the following January. This was well attended and appreciated by the audience.

Choir section

Four choral concerts were held during the year, in November, December, March and May. There was a minor loss against the budget over the year.

The section faced several challenges during the year. There was a decline in membership from 141 to 130. Fewer concert ticket sales and rising costs put pressure on the Choir section finances. Prices for hire of the main venue for choir concerts, Chester Cathedral, were raised significantly. To alleviate this problem ticket and membership prices had to be raised.

Ways of cutting costs and raising additional funds were actively pursued by the section. In January, the choir committee undertook a survey to explore ideas for fundraising. Following a review by the committee, several groups were launched, and volunteers were requested to join a group. These were: -

a) Sourcing Sponsorship (c. 10 members)

b) Setting up a 100 Club (2 members)

c) Organising a Sales Table at rehearsal (4 members)

d) Setting up Easy Fundraising (on-line purchasing) (1 member)

e) Tours Sub-Committee (3 members)

f) Increasing Ticket Sales (5 members)

The survey also indicated that there was interest in remembering the CMS Choir in legacies. Many members have made a provision in their will.

In summary, the 23/24 season has been one of consolidation despite decreasing audience sizes, membership numbers and increasing costs. Immediate and longer-term steps have been implemented to balance costs versus revenue. Generous donations and support were received from Choir members throughout the season.

The Celebrity concert section

There were six concerts starting on 12 October 2023 and concluding on 13 March 2024. With continuing post Covid uncertainty a cautious approach was again taken with budgeting of artists fees and the number of subscribers was again set at a maximum of around 80. In the event we had a total of 70 subscribers. Individual concert ticket sales were available for all concerts with varying results. Total audience numbers continue to remain well below the pre covid highs of 130 plus. All of the concerts were of an excellent standard and contained many fine moments of music making. The current situation for the section remains financially stable and artistically sound. We can still provide high level artists at reasonable costs, but like many other concert organisations we continue to struggle to attract new audience members or even to maintain audience levels. Finding new committee members has again proved difficult.

Page 3

Chester Music Society

Report of the Trustees for the Year Ended 31 July 2024

The Showcase section

There was a series of 5 concerts in the 2023/24 season. Schools' participation which in the past has been a significant part of Showcase series was again non-existent. Despite this the section continues to try and reincorporate school participation in its concerts. There was an increase in subscribers from 15 to 19 members, but audience numbers continued to drop, down by 30% from last season. All the concerts were of a high standard, and it is a pity that the local community show so little interest in their local talent. The low audience numbers resulted in a small deficit of around £230. In addition to the normal series of concerts a special one-off family concert was run which proved to be highly successful attracting a good audience including many children. This event was subsidised from a special reserve previously donated to the society.

General

CMS activities enrich the experience of participants and contribute to the society's aim of "furthering the public appreciation of music".

The board of trustees 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. The BoT are extremely grateful for all the donations and support received during the season across all the Sections, and in particular from many members associated with the Choir section.

FINANCIAL REVIEW

Financial position

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 2023/24 shows that due partly to legacies received and investment gains the total available funds at year end stood at £167,224 with a net positive movement in funds of £16,239 compared with a net negative movement of £1,673 in 2022/23. Net incoming funds of £14,799 led to unrestricted funds of £122,381 compared with £107,582 in 2022/23. Net incoming funds of £1,440 resulted in restricted funds of £44,843 against £43,403 in 2022/23. The Notes to the accounts show that within the unrestricted funds two designated funds, totalling £10,584 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 recovery has resulted in our investments producing a gain of £9,074 to £74,313 compared to a loss of £2,268 in 2022/23. We have a moderate ability to bear an investment loss. Our investment portfolio has now been changed from two funds (one low risk, one low/medium risk) to a single charity-oriented investment fund aimed at yielding both income and growth at a medium level of risk. The society does not consider 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 £32,874 and a Steinway piano currently valued at £11,436.

Our annual income comes from subscriptions, donations, legacies, ticket sales, fund raising and investments. Our expenditure is connected with both performing and promoting live concerts and necessary administration. During the last year our planned programmes were all successfully completed.

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.

Overall, the financial position, including the reserves, of the society are such that it is able to plan and run a normal season for 2024/25, whilst being aware that the effects of decreasing audience numbers, the Energy crisis and increasing production costs require careful monitoring and vigilance in order to react where necessary to changing circumstances and remain financially secure.

Page 4

Chester Music Society

Report of the Trustees for the Year Ended 31 July 2024

FINANCIAL REVIEW

Reserves policy

The society continues to set aside sufficient reserves to enable its programme of concerts and events in order to meet the charity's aims. The society aims to hold reserves of about £48,000.

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

The following considerations are monitored regularly by the board of trustees:

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

FUTURE PLANS

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

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.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

04793760 (England and Wales)

Registered Charity number

1099094

Page 5

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Chester Music Society

Statement of Financial Activities for the Year Ended 31 July 2024

Unrestricted
Restricted
funds
funds
Notes
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
47,874
-
Charitable activities
Furthering public appreciation of music
41,413
5
Other trading activities
2
9,786
-
Investment income
3
842
-
Other income
-
-
Total
99,915
5
EXPENDITURE ON
Raising funds
2,949
-
Charitable activities
Furthering public appreciation of music
85,741
1,511
Other
2,554
-
Total
91,244
1,511
Net gains/(losses) on investments
6,128
2,946
NET INCOME/(EXPENDITURE)
14,799
1,440
Other recognised gains/(losses)
Actuarial gains on defined benefit schemes
-
-
Net movement in funds
14,799
1,440
RECONCILIATION OF FUNDS
Total funds brought forward
107,582
43,403
TOTAL FUNDS CARRIED FORWARD
122,381
44,843		 2024
Total
funds
£
47,874
41,418
9,786
842
-
99,920
2,949
87,252
2,554
92,755
9,074
16,239
-
16,239
150,985
167,224		 2023
Total
funds
£
38,394
38,138
13,180
390
255
90,357
3,385
83,815
2,562
89,762
(2,268)
(1,673)
-
(1,673)
152,658
150,985

The notes form part of these financial statements

Page 8

Chester Music Society

Balance Sheet 31 July 2024

Unrestricted
Restricted
funds
funds
Notes
£
£
FIXED ASSETS
Tangible assets
7
44,309
-
Investments
8
50,184
24,129
94,493
24,129
CURRENT ASSETS
Debtors
9
303
-
Cash at bank
35,590
20,714
35,893
20,714
CREDITORS
Amounts falling due within one year
10
(8,005)
-
NET CURRENT ASSETS
27,888
20,714
TOTAL ASSETS LESS CURRENT
LIABILITIES
122,381
44,843
NET ASSETS
122,381
44,843
FUNDS
11
Unrestricted funds
Restricted funds
TOTAL FUNDS		 2024
Total
funds
£
44,309
74,313
118,622
303
56,304
56,607
(8,005)
48,602
167,224
167,224
122,381
44,843
167,224		 2023
Total
funds
£
46,789
65,239
112,028
6,544
40,198
46,742
(7,785)
38,957
150,985
150,985
107,582
43,403
150,985

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 9

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Chester Music Society

Notes to the Financial Statements for the Year Ended 31 July 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Staging - 5% on cost Piano - 5% on reducing balance

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Investments

Investments are stated at market value as at the balance sheet date. The Statement of Financial Activities 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.

continued...

Page 11

Chester Music Society

Notes to the Financial Statements - continued

for the Year Ended 31 July 2024

2. OTHER TRADING ACTIVITIES

Fundraising activities
Subscriptions (service element )
Sponsorships
3.
INVESTMENT INCOME
Deposit account interest
4.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets		 2024
£
4,426
4,860
500
9,786
2024
£
842
2024
£
2,480		 2023
£
7,836
4,844
500		 2023
£
7,836
4,844
500
13,180
2023
£
390
2023
£
2,512

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 July 2024 nor for the year ended 31 July 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 July 2024 nor for the year ended 31 July 2023.

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
Restricted
funds
funds
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
38,394
-
Charitable activities
Furthering public appreciation of music
38,133
5
Other trading activities
13,180
-
Investment income
390
-
Other income
255
-
Total
90,352
5
EXPENDITURE ON
Raising funds
3,385
-
Charitable activities
Furthering public appreciation of music
82,255
1,560
Other
2,562
-		 Total
funds
£
38,394
38,138
13,180
390
255
90,357
3,385
83,815
2,562

continued...

Page 12

Chester Music Society

Notes to the Financial Statements - continued for the Year Ended 31 July 2024

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

Unrestricted Restricted Total
funds funds funds
£ £ £
Total 88,202 1,560 89,762
Net gains/(losses) on investments (1,518) (750) (2,268)
NET INCOME/(EXPENDITURE) 632 (2,305) (1,673)
RECONCILIATION OF FUNDS
Total funds brought forward 106,950 45,708 152,658
TOTAL FUNDS CARRIED FORWARD 107,582 43,403 150,985
7. TANGIBLE FIXED ASSETS
Staging Piano Totals
£ £ £
COST
At 1 August 2023 and 31 July 2024 37,554 19,250 56,804
DEPRECIATION
At 1 August 2023 2,802 7,213 10,015
Charge for year 1,878 602 2,480
At 31 July 2024 4,680 7,815 12,495
NET BOOK VALUE
At 31 July 2024 32,874 11,435 44,309
At 31 July 2023 34,752 12,037 46,789
8. FIXED ASSET INVESTMENTS
Listed
investments
£
MARKET VALUE
At 1 August 2023 65,239
Revaluations 9,074
At 31 July 2024 74,313
NET BOOK VALUE
At 31 July 2024 74,313
At 31 July 2023 65,239

There were no investment assets outside the UK.

continued...

Page 13

Chester Music Society

Notes to the Financial Statements - continued for the Year Ended 31 July 2024

8. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 July 2024 is represented by:

Valuation in 2022
Valuation in 2023
Valuation in 2024
Cost
9.
DEBTORS
Amounts falling due within one year:
Trade debtors
Prepayments
Amounts falling due after more than one year:
Trade debtors
Aggregate amounts
10.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
Accrued expenses		 Listed
investments
£
7,506
(2,268)
9,075
60,000
74,313
2024
2023
£
£
-
6,257
303
257
303
6,514
-
30
303
6,544
2024
2023
£
£
100
-
7,905
7,785
8,005
7,785

continued...

Page 14

Chester Music Society

Notes to the Financial Statements - continued for the Year Ended 31 July 2024

11. MOVEMENT IN FUNDS

MOVEMENT IN FUNDS
Net
movement
At 1.8.23 in funds At 31.7.24
£ £ £
Unrestricted funds
General fund 95,961 15,836 111,797
Hallett memorial fund 914 (804) 110
Showcase activities fund 10,707 (233) 10,474
107,582 14,799 122,381
Restricted funds
Choir trips fund 2,594 (56) 2,538
Celebrity concerts Baxter fund 28,862 1,973 30,835
Piano maintenance fund 4,145 (214) 3,931
Young musicians' fund 7,802 (263) 7,539
43,403 1,440 44,843
TOTAL FUNDS 150,985 16,239 167,224
Net movement in funds, included in the above are as follows:
Incoming Resources Gains and Movement
resources expended losses in funds
£ £ £ £
Unrestricted funds
General fund 98,026 (88,318) 6,128 15,836
Hallett memorial fund 408 (1,212) - (804)
Showcase activities fund 1,481 (1,714) - (233)
99,915 (91,244) 6,128 14,799
Restricted funds
Choir trips fund 5 (61) - (56)
Celebrity concerts Baxter fund - - 1,973 1,973
Piano maintenance fund - (450) 236 (214)
Young musicians' fund - (1,000) 737 (263)
5 (1,511) 2,946 1,440
TOTAL FUNDS 99,920 (92,755) 9,074 16,239

Page 15

continued...

Chester Music Society

Notes to the Financial Statements - continued for the Year Ended 31 July 2024

11. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement
At 1.8.22 in funds At 31.7.23
£ £ £
Unrestricted funds
General fund 95,645 316 95,961
Hallett memorial fund 914 - 914
Showcase activities fund 10,391 316 10,707
106,950 632 107,582
Restricted funds
Choir trips fund 2,649 (55) 2,594
Celebrity concerts Baxter fund 29,365 (503) 28,862
Piano maintenance fund 4,205 (60) 4,145
Young musicians' fund 9,489 (1,687) 7,802
45,708 (2,305) 43,403
TOTAL FUNDS 152,658 (1,673) 150,985

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£ £ £ £
Unrestricted funds
General fund 88,284 (86,450) (1,518) 316
Showcase activities fund 2,068 (1,752) - 316
90,352 (88,202) (1,518) 632
Restricted funds
Choir trips fund 5 (60) - (55)
Celebrity concerts Baxter fund - - (503) (503)
Piano maintenance fund - - (60) (60)
Young musicians' fund - (1,500) (187) (1,687)
5 (1,560) (750) (2,305)
TOTAL FUNDS 90,357 (89,762) (2,268) (1,673)

Page 16

continued...

Chester Music Society

Notes to the Financial Statements - continued for the Year Ended 31 July 2024

11. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement
At 1.8.22 in funds At 31.7.24
£ £ £
Unrestricted funds
General fund 95,645 16,152 111,797
Hallett memorial fund 914 (804) 110
Showcase activities fund 10,391 83 10,474
106,950 15,431 122,381
Restricted funds
Choir trips fund 2,649 (111) 2,538
Celebrity concerts Baxter fund 29,365 1,470 30,835
Piano maintenance fund 4,205 (274) 3,931
Young musicians' fund 9,489 (1,950) 7,539
45,708 (865) 44,843
TOTAL FUNDS 152,658 14,566 167,224

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£ £ £ £
Unrestricted funds
General fund 186,310 (174,768) 4,610 16,152
Hallett memorial fund 408 (1,212) - (804)
Showcase activities fund 3,549 (3,466) - 83
190,267 (179,446) 4,610 15,431
Restricted funds
Choir trips fund 10 (121) - (111)
Celebrity concerts Baxter fund - - 1,470 1,470
Piano maintenance fund - (450) 176 (274)
Young musicians' fund - (2,500) 550 (1,950)
10 (3,071) 2,196 (865)
TOTAL FUNDS 190,277 (182,517) 6,806 14,566

Designated funds

The designated Showcase activities fund is set aside for the future stability of the Showcase section.

The designated Hallett memorial fund is set aside for use in activities in memory of Geoffrey and Lila Hallett.

continued...

Page 17

Chester Music Society

Notes to the Financial Statements - continued for the Year Ended 31 July 2024

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 July 2024.

Page 18

Chester Music Society

Detailed Statement of Financial Activities for the Year Ended 31 July 2024

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Gift aid
Legacies
Grants
Subscriptions (donation element)
Other trading activities
Fundraising activities
Subscriptions (service element )
Sponsorships
Investment income
Deposit account interest
Charitable activities
Sales of concert tickets and programmes
Educational activities
Other income
Other income
Total incoming resources
EXPENDITURE
Raising donations and legacies
Fundraising expenses
Charitable activities
Hall hire
Insurance
Administration
Advertising/publicity
Artists/accompanists/ conductors
Instruments/music
Printing/programmes/tickets/ ticket commission
Miscellaneous production costs
Educational activities		 2024
£
2,345
6,161
11,575
-
27,793
47,874
4,426
4,860
500
9,786
842
39,132
2,286
41,418
-
99,920
2,949
27,467
838
706
1,090
43,855
1,453
5,698
1,684
2,929
85,720		 2023
£
1,815
6,282
-
2,000
28,297
38,394
7,836
4,844
500
13,180
390
35,573
2,565
38,138
255
90,357
3,385
28,526
782
471
1,540
37,671
2,363
4,980
2,649
3,802
82,784

This page does not form part of the statutory financial statements

Page 19

Chester Music Society

Charitable activities
Other
Other
Staging
Piano
Support costs
Finance
Bank charges
Governance costs
Accountancy
Total resources expended
Net income		 Detailed Statement of Financial Activities
for the Year Ended 31 July 2024		 2024
£
74
1,878
602
2,554
332
1,200
92,755
7,165		 2023
£
50
1,878
634
2,562
311
720
89,762
595

This page does not form part of the statutory financial statements

Page 20