Registered number: 05861490
Charity number. 1116233
THE IPSWICH HOSPITAL BAND LIMITED
(A Company Llmlted by Guarantee)
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

THE IPSWICH HOSPITAL BAND LIMITED
(A Company Limited by Guarantee)
CONTENTS
Pages
Reference and Administrative Details of the Companyi its Trustees and Advisers
Trustees, Report
Independent Examiner's Report
ststement of Financial Activities
Balance Sheet
9-10
Notes to the Financial Statements

THE IPSWICH HOSPITAL BAND LIMITED
IA Company Limited by Guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 OCTOBER 2024
Trustees
Andrew Mayhew, Chair
Maggie Porter, Vice Chair
Sarah Purbrook
Joy Williams, Band Secretary
Katherine Budgen, Treasurer
Sian Webster-Hirst (resigned 11 January 2024)
Am8nda Mayhew
Sara Hills (resigned 11 January 2024>
Corinne Rousham
Barbara Sampaio (resigned 20 October 2024)
Rosalyn Burrow
Robert Goodridge (appointed 13 May 2024)
Company registered
number
05861490
Charity registered
number
1116233
Registered offlce
St Peterfs By the Waterfront
St Peter's Church
College Street
Ipswich
Suffolk
IP418F
Company secretary
Julia Norman
Independent examiner
Scrutton Bland Limited
Chartered Accountants
Fitzroy House
Crown Street
Ipswich
Suffolk
IP13LG
Bankers
Lloyds Bank PIC
13 Cornhill
Ipswich
Suffolk
IP1 1DG
Solicitors
Kerseys Solicitors LLP
32 Lloyds Avenue
Ipswich
Suffolk
IP13HD
Page 1

THE IPSWICH HOSPITAL BAND LIMITED
IA Company Limited by Guarantee)
TRUSTEES. REPORT
FOR THE YEAR ENOED 31 OCTOBER 2024
The Trustees present their Annual Report together with the financial statements of the The Ipswich Hospital
Band {the "Charity" or the "Charitable Company") for the year ended 31 October 2024. The Annual Report
serves the purposes of both a Trustees, Report and a Directors, Report under company law. The Trustees
confirm that the Annual Report and financial statements of the Charitable Company comply with the current
ststutory requirements, the requirements of the Charitable Company's goveming document and the provisions
of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102)
(effective 1 January 2019).
Since the Charitable Company qLsalifies as small under section 382 of the Companies Act 2006, the Strategic
Report required of medium and large companies under the Companies Act 2006 (Strategic Report and
Directors. Report) Regulations 2013 has been omitted.
Objectives and activities
• Policios and objective$
To adv8nce the education of the public in Ipswich and the surrounding area in music;
To achieve this three separate bands exist. The Ipswich Hospital Band, St. Peter's Band to enhance the
musical education of the more experienced players in the organisation, together with a Street Band, Saints
Community Band, to provide an ensemble largely for less experienced players.
To promote the benefit of the inhabitants of Ipswich and the surrounding area by the provision of facilities in the
interest of social welfare for recreation and leisure time occupation with the object of improving the conditions of
life for the said inhabitants by puth'ng on such performances as the band think appropriate; and
For such charitable purposes as the band shall from time to time determine.
To meet its objectives the band performs a wide range of concerts and events at affordable prices and
accessible venues, both in St Peter's and elsewhere.
In April 2008 the St Peter's Centre was opened for public use. As a result St Peter's is now open regularly as
Heritage Centre for the enjoyment and education of all people in Ipswich and the surrounding area. The Centre
is also available as a music performance and rehearsal venue for interested groups based on cost recovery.
In setting objectives and planning for activities. the Trustees have given due consideration to general guidance
published by the Charity Commission relating to public benefit, including the guidance 'Public benefit.. running a
charity (P82)',
Page 2

THE IPSWICH HOSPITAL BAND LIMITED
(A Company Limited by Guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
Objectives and activities (continued)
• Activities undertaken to xhieve objectives
The Trustees have complied with the duty in Section 4 of the Charities Act 2011 to have due regard to the public
benefii guidance published by the Charity Commission.
Since Aprll 2008, when the Charity took over occupation of the renovated St Peter's Centre following the
successful conclusion of the project funded by the Heritage Lottery Fund, the centre has been open to the public
on a regular basis as a Heritage Centre.
In addition to regular rehearsal opportunities, a number of public rnusical events have been staged in St Peter'8,
both by the Bands and other groups and organisations.
The Charity was active in performing a varied series of events to publicise its work and raise fvnds for St Peter's
and other charities. There are now three bands undertaking outside performance, the Ipswich Hospital Band, St
Peter's 8and and Saints Community Band. The Saints Community Band provides musical education and
opportunities for advancement in ensemble playing from novices through to more experienced players.
Achievements and perfommnce
• Review of activities
The Statement of Financial Activities showE our net outgoing resources of £633 for the year (2023 - net
outgoing resources of £11,793).
During the year charitable donations amounting to £5,656 were made to SSAFA (£329), St Helena Hospice
(£544), Cancer Campaign in Suffolk (£3,840) and Colchester & Ipswich Hospitals Charity (£943).
Investment policy and performance
Under the Memorandum and Articles of Association, the Charity has the power to invest in any way that the
Trustees consider appropriate.
The Trustees, having regard to the liquidity requirements of operating the Charity and to the resepies policy,
have followed a policy of keeping funds in interest bearing deposit accounts, In an attempt to achieve a rate ol
deposit interest vthich mitigates the effect of inflation.
Financial review
Going concem
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate
resources to continue in operational existen¢e for the foreseeable luture, being a period of at least 12 months
from the date of approval of the financial statements. For this reason, they continue to adopt the going concern
basis in preparing the financial statements. Further detsils regarding the adoption of the going concern basi5
can be found in the accounting policies.
Page 3

THE IPSWICH HOSPITAL BAND LIMITED
(A Company Limited by Guarantee
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
• Reseryes policy
Restricted reserves - are those where fvnds have been donated to the Charity for specific purposes, and can
only be allocated to costs attributed to the relevant project.
Designated reserves - are those where fvnds have been set aside by the Charitys Trustees for fvture planning,
and for projects that the board deem appropriate,
General reserves - are reserves held by the Charity for general day to day running, and it is the policy of the
Charity to maintain unrestricted free reserves at such a level as the trustees Consider necessary to maintain and
to provide reasonable lunds against any unforeseen costs that may arise.
At the end of the year the free reserves, represented by the total unrestricted fvnds less fixed assets, amounted
to £63,341 (2023 - £66,808).
• Financial risk management oty"•ctives and pollcies
The Trustees have a risk management strategy which comprises an ongoing review of the risks the Charity may
face,. the establishment of systems and procedures to mitigate those Tisks identified., and the implementation of
procedures designed to minimise any potents'al impact on the Charity should those risks materialise. A key
element in the management of financial risk is the setting of a reserves policy and its regular review by the
Trustees.
Structurei govemance and management
Con$litulion
The Ipswich Hosprtal Band Limited is registered as a Charitable Company limited by guarantee and was set up
by a Memorandum ofAssociation on 21 August 2006.
Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees ￿0 are elected and Co-opted under the
terms of the Trust deed.
Organlsational structure and decisionwmaking policies
The Board meets six times a year on average, and there are sub-committees covering the running ofthe Bands
and of St Peter's by the Waterfront which meet vthen necessary.
Page 4

THE IPSWICH HOSPITAL BAND LIMITED
(A Company Limited by Guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
Plans for future periods
This financial year has been another busy year for the Bands, ensembles and the venue St Peter's by the
Waterfront, with the groups taking on engagements throughout the year at various events and the venue
hosting numerous events.
The Bands Continued wth their range of outdoor concerts at various fetes and shovts, which they are engaged
in annually as well as holding concerts at St Peter's, raising money for local and national charities, through ticket
proceeds and raffles. The ensembles also performed at events, including a lunchtime concert, care homes and
performing to the participants at a half marathon.
In August the Bands undertook a tour of Holland, playing concerts throughout the country, includlng the Kerk de
Bron Church in Amsterdam, down by the seaside at Noorthiijk and finally in front of the Old Town Hall in Delft.
The tour involved members from all 3 bands and was conducted by Lawrence lQ'llian.
Lawrence Killian stepped dovm as the musical director for the Ipswich Hospital Band after the trip to Holland,
but after a short interview process, the band was pleased to appoint Mike Waters as the new musical director in
October.
August saw the introduction of a new band to the organisation, the Rallentandos. which takes place on a
Wednesday morning and offeTS a more relaxed atmosphere for members to socialise and enjoy making music.
St Peter's by the Waterfront has continued to be very busy, with Concerts, rehearsals and private bookings
being made through the year.
St Peter's has been very fortunate to host Candlelight concerts by the international company Fever, with over 40
performances by string quartet and piano throughout the year, most sold out. These have been very successful
and have helped to boost the visibility of the venue and are a good income stream.
The Heritsge Centre, open Tuesday to Thursday be￿een May and September had around 849 people vlslt to
view the various heritage displays and the Ipswich Charter Hangings. This was a drop on the previous year of
around 6°/0, this is likely due to the inclement weather seen throughout the summer.
The next financial year promises to be equally as busy for both the bands and venue, with many engagements
already in the diary for the bands and the start of planning for the bands, 50th anniversary in 2026.
The venue continues to receive many bookings and is fully booked to the end of the 2024 and most of the first
half of 2025.
Approved by order of the members of the Board of Trustees on
their behalf by:
13-03- ZOL
and signed on
Andrew Mayhew
Chair
Page 5

THE IPSWICH HOSPITAL BAND LIMITED
(A Company Llmited by Guarantee)
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 OCTOBER 2024
Independent Examiner's Report to the Trustees of The Ipswich Hospital Band Limited ('the
Charity.)
I report to the Charity's Trustees on my examinats'on of the financial statements of the Charity for the year ended
31 October 2024.
This report is made solely to the Charity's Trustees, as a body, in accordance with section 145 of the Charities
Act 2011. My work has been undertaken so that I might state to the Charity's Trustees those matters l am
required to state to them in this report and for no other purpose. To the fvjllest extent permitted by law, I do not
accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my
work, for this report, or for the opinions I have formed.
Responsibilities and Basis of Report
As the Trustees of the Charity (and its Directors for the purposes of company law) you are responsible for the
preparation of the financial statements in accordance with the requirements of the Companies Act 2006 {Yhe
2006 Act,).
Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16
of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the
Charity's financial statements carried out under section 145 of the Charities Act 2011 ('the 2011 Act.). In
carrying out my examination I have followed the Directions given by the Charity Commission under section
145(5)(b) of the 2011 Act.
An independent examination does not involve gathering all the evidence that would be required in an audit and
consequently does not cover all the matters that an auditor considers in giving their opinion on the financial
statements. The planning and conduct of an audit goes beyond the limited assurance that an independent
examination can provide. Consequently l express no opinion as to whether the financial statements present
'true and fair, view and my report is limited to those specific matters set out in the Independent Examiner's
Statement.
Independent Examinerfs Statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause to believe:
accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act,. or
the financial ststements do not accord those records; or
the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act
other than any requirement that the financial statements give a 'true and fair. view whi¢h is not a matter
considered as part of an independent examination., or
the financial statements have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and reporting by charities applicable to charities
preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102).
Page 6

THE IPSWICH HOSPITAL BAND LIMITED
(A Company Limited by Guarantee)
INDEPENDENT EXAMINER'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
I have no concems and have come across no other matters in connects'on with the examination to vthich
attention should be dravm in this report in order to enable a proper understanding of the financial statements to
be reached.
Signed:
Dated,. 9Aprfl 2025
John Perry FCA
Scrutton Bland Limited
Chartered Accountants
Fitzroy House
Crown Street
Ipswich
Suffolk
IP1 3LG
Page 7

THE IPSWICH HOSPITAL BAND LIMITED
(A Company Limited by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES IINCORPORATING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 OCTOBER 2024
Unrestrlcted
funds
2024
Restricted
funds
2024
Total
funds
2024
Total
nds
2023
Notes
Income from:
Donab'ons and legacies
Charitable activities
26,022
68,838
22.016
1,867
2,963
28,985
68,838
22,016
1,857
22,294
36,698
13,554
424
Other trading activities
Investments
Total income
118,733
2,963
121,696
72,970
Expenditure on:
Raising funds
Charitsble activities
38,004
79,190
38,004
84,325
9,077
75,644
6,136
Total expenditure
117,194
6,135
122,329
84,721
Net incomel(expenditure)
Transfers belween funds
1,539
5,670
(2,172)
(5,670)
(633)
(11,751)
Net movement in funds
7,209
17,842
(633
(11,751)
Reconciliation of funds..
Total funds brought forward
Net movement in funds
101.874
7,209
21,333
(7,842)
123,207
(633)
134,958
(11.751)
Total funds carried fonNard
109,083
13,491
122,574
123,207
The Statement of Financial Activities includes all gains and losses recognised in the Current and prior years.
The notes on pages 11 to 29 form part of these financial statements.
Page 8

THE IPSWICH HOSPITAL BAND LIMITED
IA Company Limited by Guarantee)
REGISTERED NUMBER. 05861490
BALANCE SHEET
AS AT 31 OCTOBER 2024
2024
2023
Noles
Fixed assets
Tangible assets
Investments
13
14
62,839
53,677
62,841
53,679
Currnnt assets
Stocks
Debtors
15
16
17
1,611
13.885
40,189
40,302
5,756
41,805
49.943
Investments
Cash at bank and in hand
98,908
95,987
Creditors: amounts falling due withln one
year
18
(29,1751
(26,459)
Net current assets
Total assets less current liabilities being
net assets
69,733
69,528
122,574
123,207
Charity funds
Restricted funds
Unrestricted fvnds
19
19
13,491
109,083
21,333
101,874
Totsl funds
122,674
123,207
Page 9

THE IPSWICH HOSPITAL BAND LIMITED
(A Company Limited by Guaranteel
BALANCE SHEET {CONTINUED)
AS AT 31 OCTOBER 2024
The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the Company to obtain an audit for the year in question in accordance with
section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying ￿￿th the requirements of the Act with respect to
accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provislons applicable to entities subject to
the small companies regime.
The financial ststements were approved and authorised for issue by the Trustees on
and signed on their behalf by..
Andrew Mayhew
(Chair of Trustees)
Page 10

THE IPSWICH HOSPITAL BAND LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
General information
The Ipswich Hospital Band (the "Charity") is registered as a charitable company limited by guarantee and
was set up by a Memorandum of Association on 21st August 2006.
Accounting policies
2.1 Basis of preparation of financial statements
The financial statements 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 a¢counts in accordance the Financial Reporting Standard applicable in the UK
and Republic of Ireland {FRS 102) (effective 1 January 2019), the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The Ipswich Hospital Band Limited meets the definition of a public benefit entity under FRS 102.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise
stated in the relevant accounting policy. The Company's functional and presentational currency is
GBP.
2.2 Going concern
The financial statements have been prepared on the going concern basis.
The Trustees Consider that the Charity wll be able to continue to operate and meet its liabilities as
they fall due for the foreseeable future, being a period of at least 12 months from the date of
approval of these financial statements.
2.3 Income
All income is recognised once the Charty has entitlement to the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of Financial Activities on a receivable basis. The balance of
income received for specific purposes but not expended during the period is shown in the relevant
funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its
recognition is deferred and included in creditors as deferred income. Where entitlement occurs
before income is received, the income is accrued.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is
recognised at the time ofthe donation.
Income tax recoverable in relation to investment income is recognised at the time the investment
income is receivable.
Donated services or facilities, which comprise donated services, are included in income at
valuation which is an estimate of Ihe financial cost borne by the donor where such a cost is
quantifiable and measurable. No income is recognised where there is no financial cost bome by a
third party.
Page11

THE IPSWICH HOSPITAL BAND LIMITED
(A Company Limited by Guarantee
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
Accounting policies Icontinuedl
2.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic
benefit to a third party, 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 classified by
activity. The costs of each activity are made up of the total of direct costs and shared costs,
including support costs involved in undertaking each activity.
Expenditure on raising funds includes all expenditure incurred by the Charity to raise fvnds for its
charitable purposes and includes Costs of all fvndraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which fijrther the
Charity's objectives, as well as any associated support costs.
All expendllure is inclusive of irrecoverable VAT.
2.5 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the Charity. this is normally upon notification of the interest paid or payable by the
institution with whom the funds are deposited.
2.6 Taxation
The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act
2010 and therefore it meets the definition of a Charitable Company for UK corporation tax purposes.
Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains
received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section
256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are
applied exclusively to charitable purposes.
2.7 Tangible fixed assets and depreciation
Tangible fixed assets costing £300 or more are capitalised and recognised when future economic
benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model,
tangible fixed assets are measured at cost less accumulated depreciation and any accumulated
impairment losses. Ail costs incurred to bring a tangible fixed asset into its intended working
condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their estimated useful lives.
Depreciation is provided on the following bases..
Fixtures and fitttngs
Office equipment
Instruments and equipment
5 . 100kn Straight line
25 % Straight line
5 . 1 OOA Straight line
Page 12

THE IPSWICH HOSPITAL BAND LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
Accounting policies (continued)
2.8 Investrnent
The investment in its subsidiary undertaking is ststed at cost less provision for impairment.
2.9 Stocks
Stocks are stated at the lower of cost and net realisable value after making due allowance for
obsolele and slow moving items. Items donated for resale or distribution are not included in the
financial Statements until they are sold or dlstributed.
2.10 Debtors
Trade and other debtors are recognised at the recoverable amount.
2.11 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short
maturity of three months or less from the date of acquisition or opening of the deposit or similar
account.
2.12 Current asset investments
Current asset investments mature between 90 days and 12 months from the date of acquisition and
that are readily convertible to knovm amounts of cash with insignificant risk of change in value.
2.13 Liabilitie$ and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in setdement, and the
amount of the sethement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the
amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate ofthe amounts required to settle the obligation. Where
the effect ofthe time value of money is material, the provision is based on the present value ofthose
amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liabilty. The
unwinding ofthe discount is recognised in the Statement of Financial Activities as a finance cost.
2.14 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and
subsequently measured at their setuement value wtth the exception of bank loans which are
subsequently measured at amortised cost using the effective interest method.
2.16 Group financial statements
These financial statements have not been consolidated viith the results of the Charity's wholly owned
subsidiary St Peter's by the Waterfront Limited as the subsidiary is dormant.
Page 13

THE IPSWICH HOSPITAL BAND LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
Accounting policies Icontinued)
2.16 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Charity and which have not been designated for other
purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for
particular purposes. The aim and use of each designated fund is set out in the notes to the financial
statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by
donors or which have been raised by the Charity for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Income from donations and legacies
Unrestricted
funds
2024
Restricted
funds
2024
Total
funds
2024
Total
funds
2023
Donations
Donations
1,228
7,535
13,488
3,771
1,228
7,535
13,488
3,771
1,651
6,211
11,086
3,346
Christmas Carol Collections
Subscriptions
Gift Aid Receivable
Grants
Hobson Charity Grant
2,963
2,963
Subtotal
26,022
2,963
28,985
22,294
26,022
2,963
28,985
22,294
Total 2023
22,254
40
22,294
Page 14

THE IPSWICH HOSPITAL BAND LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
Income from charitable activities
Unrestricted
funds
2024
Total
funds
2024
Total
fijnds
2023
Income from charitable activities - Bands
Income from charitable activities - St Peterfs by the
Waterfront
34,356
34,356
7,391
34,482
34,482
29,307
68,838
68,838
36,698
Total 2023
36,698
36,698
Page 15

THE IPSWICH HOSPITAL BAND LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
Income from other trading activities
Income from fundraising eV￿ts
Unrestricted
funds
2024
Total
funds
2024
Total
fvnds
2023
Sale of refreshmenls & instrument sundries
St Peter's Merchandise
Other
Sale of equipment
21,414
257
345
21,414
257
345
12,292
305
867
90
22,016
22,016
13,554
Total 2023
13,554
13,554
Investment income
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Interest receivable
1,857
1,857
424
Total 2023
424
424
Page 16

THE IPSWICH HOSPITAL BAND LIMITED
(A Company Limited by Guarantse)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
Expenditure on raising funds
Costs of raising voluntary income
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Drinks & instrument sundries
Fundraising costs
St Peter's merchandise
Cost of St Peter's events
Tour supplier payments
Library Sundry and Maintenance
Cost of Band tour
7,767
698
339
2,750
464
217
7,767
698
339
2,750
464
5,309
604
115
1,789
217
24.435
1,102
232
24,435
1,102
232
Other voluntary income cost - St Peter's
Website Hosting
1,020
240
38,004
38,004
9,077
Total 2023
9,077
9,077
Page 17

THE IPSWICH HOSPITAL BAND LIMITED
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
Analysis of expenditure on charitable activities
Summary by fund type
Unrestricted Restricted
fund$
funds
2024
2024
Total
2024
Total
2023
Bands
St Peterfs by the Waterfront
41,407
37,783
290
4,845
41,697
42,628
35,316
40,328
Total 2024
79,190
5,135
84,325
75,644
Total 2023
70,820
4,824
75,644
Summary by expenditure type
Staff costs Depreciation Other costs
2024
2024
2024
Total
2024
Total
2023
Bands
St Peter's by the Waterfront
890
538
10,280
40,269
28,100
41,697
42,628
35,316
40,328
4,248
5,138
10,818
68,369
84,326
75,644
Totsl 2023
4,732
10,085
60,827
75,644
Page 18

THE IPSWICH HOSPITAL BAND LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
Analysis of expenditure by activities
Activities
undertaken
directly
2024
Support
costs
2024
Total
funds
2024
Total
funds
2023
Bands
St Peter's by the Waterfront
41,697
42,058
41,697
42,628
35,316
40,328
570
83,755
570
84,325
75,644
Total 2023
75,644
75,644
Page 19

THE IPSWICH HOSPITAL BAND LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
Analysis of expenditure by activities Icontinued)
Analysis of direct costs
St Peterf$
bythe
Bands Walerfront
2024
2024
Total
funds
2024
Total
funds
2023
Staff costs
Depreciation
Musical Director's remuneration
Insurance
Music & library
Instrument repairs & maintenance
Equipment repairs & maintenance
Engagement & rehearsal expenses
Uniform
Donations
Subscriptions
Postage & ststionery
Photocopier rental & maintenance
Telephone
Heat & light
Rent
4,248
10,280
4,248
10,818
6,611
3,136
298
441
3,945
10,085
5,821
2,575
100
756
538
6,611
1,293
298
100
1,843
341
2.151
2,151
12,340
3,881
5,656
593
165
2,133
822
9,203
4,773
1,131
1,215
4,859
3,766
12,402
764
5,666
475
209
1,397
728
9,391
4,771
536
1,076
4,470
140
12,340
3,881
5,656
556
68
1,936
37
97
197
822
9,203
4,773
1,131
1,215
4,859
113
748
Rates
Refijse
Cleaning & security
Computer expenses
Loss on disposal of fixed assets
Governance Costs (Note 10)
748
8.420
8,420
6,571
Total 2024
41,697
42,058
83.755
75,644
Total 2023
35,316
40,328
75,644
Included within direct costs is restricted expenditure of £5,135. £4,347 (2023.. £4,824) relates to
depreciation, £748 (2023.. £Nil) relates to loss on disposal of fixed assets and £40 (2023.. £Nil) relates to
donations.
Page 20

THE IPSWICH HOSPITAL BAND LIMITED
IA Company Limited by Guarantse)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
10. Governance costs
Unrestricted
funds
2024
Total
funds
2024
Total
nds
2023
Independent examiner's fees
Other accountancy fees
Premises licence
Other administrative costs
Bank charges
Bookkeeperfs wages
2,612
2,623
180
800
1,315
890
2,612
2,623
2,376
2,587
201
800
33
587
787
1,315
890
8,420
8,420
6,571
11. Staff costs
2024
2023
Wages and salaries
5,138
4,732
The average number of persons employed by the Charity during the year was as follows..
2024
No.
2023
St Peter's by the Waterfront
Governan
No employee received remuneration amounting to more than £60,000 in either year.
Page 21

THE IPSWICH HOSPITAL BAND LIMITED
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
12. Trustees. remuneration and expenses
The Trustees are considered to be key management personnel. During the year, Trustees received
remuneration of £4.432 (2023: £3.945) for their qualifw-ng services to the Charity.
During the year, expenses of £1,079 were reimbursed to Trustees where they have used personal funds
for Charity purchases and £578 was paid to Trustees durin9 the year for their services.
13.
Tangible fixed assets
Instruments
and
equipment
Fixtures and
fittings
Total
Cost
At 1 November 2023
Additions
Disposals
150,110
10,703
15,026)
31,008
299
181,118
11,002
(6,026)
At 31 October 2024
166,787
31,307
187,094
Depreciation
At 1 November 2023
104,669
8,701
{4,003)
22,872
2,116
127,441
10,817
14,003)
Charge for the year
On disposals
At 31 October 2024
109,267
24,988
134,255
Net book value
At 31 October 2024
46,520
6,319
52,839
At 31 October 2023
45,541
8,136
53,677
Page 22

THE IPSWICH HOSPITAL BAND LIMITED
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
14.
Fixed asset investments
Investments
in
subsidiary
undertaking
Cost or valuation
At l November 2023
At 31 October 2024
Principal subsidiary
As at 31 October 2024 the following was a subsidiary undertaking ofthe Charity..
Name
Registered office
Principal activity Class of
shares
Holding
st Peterfs By The Waterfront
Limited
St Peter's by the Waterfront, Dormant
st Peter's Church,
College Street,
Ipswich IP4 1 BF
Ordinary
100%
15. Stocks
2024
2023
Finished goods and goods for resale
1,404
1,611
Page 23

THE IPSWICH HOSPITAL BAND LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
16. Debtors
2024
2023
Due within one year
Trade debtors
Other debtors
Prepayments and accrued income
1,737
151
3,868
3,286
26
10,573
5,756
13,885
17. Current asset investments
2024
2023
Cash held on deposit
41,806
40,189
18. Creditors: Amounts falling due within one year
2024
2023
Trade creditors
Other creditors
Accruals and deferred income
2,565
1,907
24,703
2,550
1,312
22,597
29,176
26,459
Page 24

THE IPSWICH HOSPITAL BAND LIMITED
{A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
19. Statement of funds
ststement of funds - current year
Balance at 1
November
2023
Balance at
Transfers 31 October
inlout
2024
Income Expenditure
Unrestricted funds
Designated funds
Equipment replacement fund
St Peter's by the Waterfront
Other fixed assets
8,000
20,199
40,325
8,000
33,332
39,346
62,066
148,933)
16,183)
5,204
68,524
62,066
(65,1161
5,204
80,678
General funds
Band
33,350
66,667
162,078)
28,406
Total Unrestricted funds
101,874
118,733
(117,194
5,670
109,083
Restricted funds
St Peter's project
Other
21,293
2,963
15,095)
140)
(5,670)
13,491
21,333
2,963
15,1351
15,670)
13,491
Total of funds
123,207
121,696
1122.329)
122,574
Page 25

THE IPSWICH HOSPITAL BAND LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
19. Statement of funds (continued)
Statement of fvnds - prior year
Balance at
1 November
2022
Balance at
31 October
2023
Income Expenditure
Unrestricted funds
Designated funds
Equipment replacement fund
St Peter's by the Waterfront
Other fixed assets
8,000
25,154
40,325
8,000
20,199
40,325
43,847
{48,802)
73,479
43,847
(48,802)
68,524
General funds
Band
35,362
29,083
(31,095)
33,350
Total Unrnslricted funds
108,841
72,930
(79,897)
101,874
Restricted funds
St Peter's project
other
26,117
(4.824)
21,293
40
40
26,117
40
(4,824>
21,333
Total of funds
134,958
72,970
(84,721)
123,207
Page 26

THE IPSWICH HOSPITAL BAND LIMITED
(A Company Limited by Guarantee
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
19. ststement of funds (continued)
Designated Funds
Equipment replacement fvnd
These are funds set aside by the Board of Trustees for the replacement of instruments, equipment
including unlform, and when feasible new instruments.
st Peter's by the Waterfront
This represents the ongoing running of the Centre since the completion of the refurbishment project as
noted under restricted funds. The intention of the Board is to carry these forward in the designated
reserve and use the investment income to help towards the running Costs of the centre. The funds also
form an emergency fund for the Centre should the need arise during the duration of the lease, with the
agreement ofthe Board.
other fixed assets
This fvnd represents the assets acquired by the Charity including higher value musical instruments and
equipment, less depreciation to date.
General Fund$
These are funds held by the band for its day to day running expenses.
Restricted Funds
St Peters pmject
This project related to the conversion of the redundant church of St Peter's by the Waterfront into
concert and rehearsal venue and heritage Centre, completed in May 2008, and any residual funds held
are now shown in the St Peter's by the Waterfront designated fund. Funds were received to date by way
of donalions, grants, and other fundraising acts'vits'es to meet our obligations under the match funding
requirements for the Heritage Lottery Funding ofthe project.
The costs of the building refurbishment were written off as and when incurred. The removable fixtures
and fittings have been capitalised, and depreciated in accordance wilh the depreciation policy for the
assets Concerned. The balance remainlng in this fund represents the net book value of assets acquired
during the running of the project
other funds
These are funds donated to the band that were passed on to health related charitles during the year.
Transfers from restricted funds to designated funds arise where grants are given to purchase fixed
assets or the restricted conditions have been made.
Page 27

THE IPSWICH HOSPITAL BAND LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
20. Summary of funds
Summary of funds - current year
Balance at 1
November
2023
Balance at
Transfers 31 October
Inlout
2024
Income Expenditure
Designated funds
General funds
68,524
33,350
21,333
62,066
56,667
2,963
(55,116)
{62,078)
15,135)
5,204
466
{5,670)
80,678
28,405
13,491
Restricted funds
123,207
121,696
1122,329)
122,574
Summary of funds - prior year
Balance at
1 November
2022
Balance at
31 October
2023
Income Expenditure
Designated lund8
General funds
73,479
35,362
26,117
43,847
29,083
40
<48,802)
{31 ,095)
(4,824)
68,524
33,350
21,333
Restricted funds
134,958
72,970
(84,721)
123,207
21. Analysis of net assets between funds
Analysis of net assets between funds - current period
Unreslricted Restricted
funds
funds
2024
2024
Total
funds
2024
Tangible fixed assets
Fixed asset investments
Cu￿ent assets
Creditors due within one year
39,348
13,491
52,839
98,908
(29.175)
98,908
(29,176)
Total
109,083
13,491
122,574
Page 28

THE IPSWICH HOSPITAL BAND LIMITED
{A Company Lirnited by Guarantee
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
21. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior period
Unrestricted
nds
2023
Restricted
funds
2023
Total
funds
2023
Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
34,815
18,862
53.677
93,516
{26,459)
2,471
95,987
(26,459)
Total
101,874
21,333
123,207
22. Operating lease commitments
At 31 October 2024 the Charity had commitments to make fvture minimum lease payments under non-
cancellable operating leases as follows:
2024
2023
Not later than 1 year
Later than 1 year and not later than 5 years
Later than 5 years
4,773
19,092
35,403
4,773
19,094
40,176
59,268
64,043
Page 29