THE FRIENDS OF MUSIC IN WINCHESTER LTD 5TATEMENTOF FINANCIALAcnvTnES FOR ThE YEAR ENDED31 DECEMBER 2023 Tt)tsl Fund5 Incoming Resources Voluntary income Members 5ub5cripti0Th5 t)onation5 received Paul Bodiam and Anna Hedges, irh memory of their parents Other The LatÈ Dr Rosemary Wtsdom Income from toncert 4.801.IXI 4.80LC(I 5,071 20.Cm.LMJ 20.th7. 650.Tr) 650.fxj 300 974 1,590 IXK*.00 1,3CQ.OD Investment Inme COIF Deposit interest 610.97 610.97 97 GIftAid recovery 6.115.37 6,115.37 1.102 Total Incoming Resourtes 0.1 33.477.34 33,47734 Resources Expended Grants made Grants to 16young musiaans Hospitsl of St Cross Romsey chamber Musi¢ Festival Stherzo EnserEtble 6.115.CX) 6,115.iY) I.(.() i.(MX).(X) 4,249 1.79&64 1.798.64 31M.94 304.94 .40 .40 624.CQ 1,933 715 Webslts Sundry Depreaation of piano 624.(KJ 624 624. 9,417.98 10,04L98 9215 Net Incomi Resour 4. 24.059.36 23,435.36 -81 Balan Brought 5,616.CM) 39.017.56 44.633.56 44,714 Balan¢es Carrfed Forwwd 42.[1 63.076S2 68,W.92 44,633
THE FRIENDS OF MUSIC INWINQIESfER LTD BALANCESHEEfASAT31 DECEM8ER 2023 Funds Fixed Ass•t Piano 4392.( 4,992.fAI 5.616 CurrentAssetsniabillti•s Debtor- GiftAid Creditor 6.11[ 6.114.ry) 1,102 Bank balances Coutts Bank COIF ChaTiknes Deposit Fund 6,%192 6.962.92 27.916 So..fA) .(0).(X) th.( T4)tal a55éts 4,992.lJ) 63.076.92 68,068.92 Restrirted Urtrrestricted 42.ty) 4,992.CKI 63.076.92 KS,076S2 5,616 39,0 4.992.t 63.076.92 68.(M92 44,634 For the year ended 31 December 223 the companywès entitled to exemption from audit undersection 477 of the Companies Art llhe ACVI relating to small t¢>mpanies. No members have requlred the Company to obtaln an auditof ts accounts forthe year in gUeon in accordan with Section 476 of the A The tyrertors acknowledge their re5ponsibilitiesfor Ènsuring that the Company keeps accounting records whtch compty with the requirements of the Aet with respect to accounting records and for the preparation ofaccounts. These accounts have been prepared in accordarKe with the prrNisbons applicableto tompanies subjettto the Small Companies rewme. The Trustees declare thatthey have approved theTntstee5' Rewtabove. Signed on behalf of the Charltys Directors and Trustees Jonathan Newman, Chairman
THE FRIENDS OF MUSIC IN WINCHESTER LTD l. Accountin8 Policie5 Accounting Convention The financial statements have been prepared underthe historical cc6t Convention, modffied by the depreciation of fixed assèts, and in accordancè with the Statement of Recommended PracticÈ entttled "Financial Reporting Standard 102°. Company Status The Company (company no 5676444. tharrty no 1115278} is a company limtted by guarantee. The members of the Company are the Directors named as Trustees on Page i of the Report of the Trustees, to which these statements are attathed. In the event of the Company being wound up, the liability in respect of the guarantee is limited to £1 per member of the Company. Depreciation The fixed asset la piano situated in Pri(ws Hall. Winchester) is deprÈciatÈd * 5% per annum. Income All incoming resources are included vthen the Company is legally entitled to thè intome and the amount can be quantified wtth reasonable accuracy. Resources expended All expenditure is accounted for on an a(uuals basis and has beÈn dassrfied under headiTV that aggregate all Costs related to the category. Where costs cannot be attributed direcdy to particular headings they havè been allocated to activities consistent with the use of resources. Governance costs are those relating to the Q>mpany's Complian with constitsthonal and statutory requirements. Restricted funds areto be used for sp*ifiÈd purposes as laid dovm bythe donor. Expendtture meeting these Criteria is identified to the fund. together with a frdir allocation of support costs. Unrestrirted funds are made up of donations and other income received or generated for the furtheran of the objects ofthe Company wthout further specified purpose. and are awailable a5 eeneral resources. 2. Staff Costs There were no staff costs incurred in the year. No remuneration or expenses were paid to Directors nor to the Independent Examiner.
Independent Examinerfs Reixyt to the member5ltru5tees the Friends of Music in Winchester Ltd I report on the financial statements for the year to 31 December 2023. Respective responsibilities of the Direct4X5rfrustees and the Independent Examirw. The Charitys trustees are responsible for the preparation of the accounts. The trustees considèr that an audit is not required for this year under Section 144 of the Charities Art 2011 IThe Act) and that an independent examination is needed. Et is my responsibility to al examine the accounts {under Section 145 of the Act): b) follow the procedures laid down in the General Directions given by the Charity Commissioners lunder Section 145{511bl of the Act): and c} state whether particular matters have corne to my attention. Basis of Indepernlent Examin*s Statement My examination was carried Olrt in accordan with the General Dirertions given by the Charity CommissiLM. An examination includes a review of the accounting records kept by the Charity and a compari50n of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts. and seekin8 explanations concerning any such matters. The procedures undertaken do not promde all the evidence that would be required in full audit, and consequently I do not express an audit opinion on the accounts. Independent Examinees Statement In connection with my examination, no matters ha come to my attention al which give me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with Section 130 of the Act and to prepare accounts which accord with those accounting records have not been met b) to which, in my opinion. attention should be drawn in der to enable a proper understanding of the accounts to be reathed. Indepen ent Examiner