2024-08-31-accounts - Furness Music Centre

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Trustees’ Annual Report for the period

From 1 September 2023 to 31 August 2024

Charity name: Furness Music Centre

Charity registration number: 1112934

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	a) to advance, improve, develop and maintain public education in, and appreciation of, the art and science of music in all its aspects by any means the trustees see fit, including through the presentation of public concerts and recitals. b) To assist and support such charitable institutions or purposes as the trustees shall from time to time determine.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	Furness Music Centre continued to hold weekly rehearsals for all ensembles in term time and a public performance at the end of each term. Further opportunities for members to make music and audiences to enjoy it were provided over the Christmas period, and 40 members joined a successful tour of North Wales in the summer of 2024. Furness Music Centre also provided instrument lessons in orchestral instruments for more than 45 children and adults throughout the year
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	Throughout this period the trustees have taken due regard of the guidance on public benefit issued by the Charity Commission

Additional information (optional) You may choose to include further statements where relevant about:

Contribution made by volunteers	Para 1.38	All of Furness Music Centre trustees, who carry out all of the administrative activities that support the charity, are unpaid volunteers. Without the contribution of its trustees, Furness Music Centre would not be able to operate. A number of members also volunteer their services at concerts and in organising the tour each year
Other

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	Making music in an ensemble, whether this be playing in an orchestra, singing in a choir or both, has multiple positive effects on both children’s education and adults’ education and mental well-being. The improvement in playing of all of the ensembles over time is evident for all to see and hear. A number of studies have demonstrated a statistically significant improvement in general educational outcome where children also learn to play an instrument (e.g.,Does learning to play an instrument have an impact on change in attainment from age 11 to 16?). Playing in an ensemble also improves teamwork, teaches collaboration skills, develops confidence and involves almost every sense and motor function in the body The health benefits of singing are also well documented, and Furness Music Centre is registered with the local social prescribing practitioner team. Our members also gain socially, with plentiful reference to the ‘Furness Music Centre family’. Some of our older members live alone and have significantly improved social lives from participating in the activities offered by Furness Music Centre. Finally our concerts educate the general public and bring pleasure to our audience members, many of whom attend all of our concerts throughout the year.

Additional information (optional) You may choose to include further statements where relevant about:


Achievements against objectives set	Para 1.41	The trustees set no formal objectives for the period
Performance of fundraising activities against objectives set	Para 1.41	Furness Music Centre does not raise funds from the public, and no fundraising objectives were set by the trustees

Furness Music Centre does not make Investment performance financial investments and the trustees against objectives Para 1.41 therefore did not make any such objectives Other

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	The financial records together with the information held on the website enabled Gift Aid to be claimed on members’ subscriptions. A Production Company, FMC ProdCo Ltd., with three trustees as directors, enabled Orchestra Tax Relief to be claimed for the first time. Resulting in additional funds of approximately £6,000 to the charity. The charity achieved an income of £55,515 during the period of operation, with an expenditure of £51,185. This does not include the cost of coach hire for the tour in the summer of 2024, which was £2,590, resulting in an effective surplus of £1,740. A balance of £15,950 was held in the charity’s account at the end of the year, with the liability for tour coach hire of £2,590 effectively reducing this to £13,360 A balance of £1,528 was held in the production company’s account at the end of the year The charity also owns a significant number of musical instruments which are used to support instrumental teaching and are available for members to loan. These are valued at approximately £14,000
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	The reserves policy of the charity over this period was changed to hold a minimum of £15,000 in reserves (an increase of £5,000 from the previous policy of £10,000. These are held in the charity’s and production company’s bank accounts
Amount of reserves held	Para 1.22	Total cash reserves of £15,950 were held, with a liability of £2,590
Reasons for holding zero reserves	Para 1.22	Not applicable
Details of fund materially in deficit	Para 1.24	No funds held by the charity have been in deficit during the period
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	The trustees believe that there are no material uncertainties about their charity's ability to continue as a going concern

Additional information (optional)

You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including any fundraising)	Para 1.47	The charity’s principal sources of funds supporting the operation of the charity during this period are: • Membership Subscriptions • Grant funding from Cumbria Music Hub • Grant funding from local charitable trusts • Personal donations • Proceeds raised by concerts • Gift Aid • Orchestra Tax Relief • Fees for the provision of instrument lessons • Member’s tour fees
Investment policy and objectives including any social investment policy adopted	Para 1.46	Furness Music Centre does not have any financial investments, and therefore an investment policy is not required
A description of the principal risks facing the charity	Para 1.46	The two variable elements in terms of income and expenditure are concerts and the annual tour and these represent the main financial risks to the charity. In practice, concerts have always generated more income than they cost to stage, with both income and expenditure being relatively small and so this risk is considered minimal. The tour often represents over one third of the total turnover of the charity and so is the primary risk to the charity. The trustees manage this risk by setting budgets and monitoring member’s take-up of the tour. Risks are minimised by the fact that the financial commitment up to one month ahead of the tour is less than the cancelation insurance held by the charity.
Other

Structure, Governance and Management

Description of charity’s trusts:		Furness Music Centre holds no funds as trusts
Type of governing document (trust deed, royal charter)	Para 1.25	The governing document for Furness Music Centre is its Constitution
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	Furness Music Centre is constituted as an unincorporated association
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Trustees are nominated at the Annual General Meeting and elected by the members. No person or body is entitled to nominate or appoint a trustee

Additional information (optional)

You may choose to include further statements where relevant about:


Policies and procedures adopted for the induction and training of trustees	Para 1.51	Furness Music Centre has a ‘welcome pack’ for new trustees and offers an induction session. The charity commission guidance for new trustees is also signposted
The charity’s organisational structure and any wider network with which the charity works	Para 1.51	Furness Music Centre has a number of trustee roles, including Chair, Treasurer, Assistant Treasurer, Secretary, and Membership Secretary. A number of sub-groups, made up of trustees, including finance, concerts, safeguarding and publicity also support the work of the charity The charity engages a Musical Director and a Choral Director to lead the musical activities of the charity. It also engages instrument teachers to provide lessons.
Relationship with any related parties	Para 1.51	Furness Music Centre is a founder partner organisation within Cumbria Music Hub
Other

Reference and Administrative details

Charity name	Furness Music Centre
Other name the charity uses	FMC
Registered charity number	1112934
Charity’s principal address	Furness Music Centre, Dunnerholme Crossing, Kirkby-in-Furness Cumbria LA17 7TU

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Dates acted if not for whole year
Fiona MaryRoberts	Chair
Harriet Louise Hampshire
Madelaine Heslop
Simone Bernadette Huitson
Judith MaryWray
Janet Elizabeth Heffernan
Janet Aitken		Until 14 March 2024
Graham John Wood
Jean Ashworth
David John Gillam
TimothyJohn Baxter	Secretary
Peter Fitzpatrick	Treasurer








Corporate trustees–names of	the directors at the date the report was approved
Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of	Name	Address
adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Position (eg Secretary, Chair, etc) ate
	Fiona Mary Roberts	Peter Fitzpatrick
	Chair	Treasurer
	16thJanuary 2024
	16thJanuary 2024

Date

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Charity Name No (if any)
Furness Music Centre 1112934
Receipts and payments accounts CC16a
Period start date Period end date
For the period from 01/09/2023 To 31/08/2024
Section A Receipts and payments
Unrestricted Restricted Endowment
Total funds Last year
funds funds funds
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
A1a Donations, legacies and other minor receipts 17,100 - - 17,100 20,149
A1b(i) Operating activities to further charity's objects 38,348 - - 38,348 37,876
A1b(ii) Operating activities to generate funds - - - - -
A1c Investment income receipts - - - - -
A1d Other receipts (not counting as Gross Income) 67 - - 67 269
- - - - -
- - - - -
- - - - -
Sub total (Gross income for AR) [ 55,515 ] - - 55,515 58,294
A2 Asset and investment sales
- - - - -
- - - - -
Sub total [ - ] - - - -
Total receipts 55,515 - - 55,515 58,294
A3 Payments
A2a Payments for Generating Funds - - - - -
A2b(i) Charitable Payments - Grants Paid - - - - -
A2b(ii) Charitable Payment - Charitable Activities 49,398 - - 49,398 51,916
A2b(iii) Charitable Payments - Support Costs 807 - - 807 2,922
A2b(iv) Charitable Payments - Management & Administration - - - - -
A2c Other payments (not counting as "Expenditure") 980 - - 980 220
- - - - -
- - - - -
- - - - -
Sub total [ 51,185 ] - - 51,185 55,059
A4 Asset and investment purchases
Instruments to support tuition 755 - - 755 -
- - - - -
Sub total [ 755 ] - - 755 -
Total payments 51,940 - - 51,940 55,059
Net of receipts/(payments) 3,575 - - 3,575 3,236
A5 Transfers between funds - - - - -
A6 Cash funds last year end 12,376 - - 12,376 9,140
Cash funds this year end 15,951 - - 15,951 12,376
Section B Statement of assets and liabilities at the end of the period
Unrestricted Restricted Endowment
Categories Details funds funds funds
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B1 Cash funds B2 Other monetary assets B3 Investment assets B4 Assets retained for the charity’s own use B5 Liabilities

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

to nearest £ to nearest £ to nearest £ Current Account 15,951 - - - - - - - - ——= Total cash funds 15,951 - - (agree balances with receipts and payments account(s)) OK OK OK Unrestricted Restricted Endowment funds funds funds Details to nearest £ to nearest £ to nearest £ - - - - - - - - - - - - - - - - - - == SEE Details Fund to which Cost (optional) Current value asset belongs (optional) - - - - - - - - SjSS - SE Details Fund to which Cost (optional) Current value asset belongs (optional) FMCjuniors Musical Instruments - Flutes Unrestricted Funds 2,800 FMCjuniors Musical Instruments - Vioilins Unrestricted Funds 3,250 FMCjuniors Musical Instruments - Clarinets Unrestricted Funds 2,100 FMC Musical Instruments - Violin Unrestricted Funds 500 FMC Musical Instruments - Cellos Unrestricted Funds 3,850 FMC Musical Instruments - Double Bass Unrestricted Funds 700 FMC Musical Instruments - Trumpets Unrestricted Funds 700 FMC Musical Instruments - Xylophone Unrestricted Funds 150 = === Details Fund to which Amount due When due liability relates (optional) (optional) Payment for Tour Coach Transport Unrestricted Funds 2,590 - - - SSSS - EC Signature Print Name Date of approval Peter Fitzpatrick, Treasurer 25/03/2025 ee Simone Huitson, Assistant Treasurer 25/03/2025 a=] | L

Independent examiner's report on the accounts

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||||||| |---|---|---|---|---|---| |Section A Independent Examiner’s Report| |Report to the trustees| |Furness Music Centre| |On accounts for the year|31|[st]|August 2024|Charity no|1112934| |ended|(if any)| |Set out on pages|1 & 2| |I report to the trustees on my examination of the accounts of the above charity (“the| |Trust”) for the year ended 31/08/2024.| |Responsibilities and|As the charity's trustees, you are responsible for the preparation of the accounts in| |basis of report|accordance with the requirements of the Charities Act 2011 (“the Act”).| |I report in respect of my examination of the Trust’s accounts carried out under section| |145 of the 2011 Act and in carrying out my examination, I have followed all the| |applicable Directions given by the Charity Commission under section 145(5)(b) of the| |Act.|

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||| |---|---| |Independent| |examiner's statement|[I have completed my examination. I confirm that no material matters have come to my ]| |attention in connection with the examination.| |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 to enable a proper| |understanding of the accounts to be reached.| |Date:|23/01/2025| |Signed:|DK Aitken| |Name:|David Aitken| |Relevant professional|i) Chartered Institute of Management Accountants.| |qualification(s) or body|ii) Association of International Certified Professional Accountants| |(if any):|

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Address: 29 Ainslie St, Barrow in Furness

Section B Disclosure

Only complete if the examiner needs to highlight material matters of concern (see CC32,

Independent examination of charity accounts: directions and guidance for examiners).

Oct 2018

IER

Give here brief details of any items that the examiner wishes to disclose .

Oct 2018

IER