Report for the year ended 30-9-21
Due to the covid situation an AGM again proved impossible to hold.
After another somewhat turbulent year, due to the resurgence of the pandemic; it proved impossible to continue with our usual programme of fund-raising concerts, we did manage to run one which helped finances.
However, Musicfest held some of its’ teaching sessions online and we were able to fund bursaries to support the students.
The festival itself did go ahead in 2021 in a much-reduced form, however this was very successful and the return of audiences to live music was overwhelmingly supportive.
Friends of Musicfest were also in receipt of donations to support Musicfest and these have been life saving for the festival.
We will be able to support the festival again in 2022 due to the extreme generosity of our supporters and to provide bursaries for 2021.
The Committee sends its thanks to all our members and the Chair thanked the Committee for their work.
FRIENDS OF MUSICFEST - Charity No 1118990
Income and Expenditure Account for the period to 30th September 2021
| Notes | 2020/2021 | 2020/2021 | 2019/20 | 2019/20 | ||
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | |||
| income | ||||||
| Donations | 1 | 12,617 | 2,658 | |||
| Concert/Specific Fundraising | 4 | 13,719 | 11,879 | |||
| Interest Receivable | - | 1 | ||||
| Gift Aid (HMRC) see Note | 2 | 4,756 | 4,276 | |||
| Other Income | ||||||
| 31,092 | 18,814 | |||||
| Expenditure | ||||||
| Bursaries for Students | 3 | 2,300 | - | |||
| Donations to Musicfest | 4 | 11,900 | 15,000 | |||
| . | AdministrativeExpenses | 14,200 | 150 | 15,150 | ||
| Net Profit | 16,892 | 3,664 | ||||
| Balance Sheet forthe yearended 30th September2021 | 2021 | |||||
| Assets | ||||||
| HSBC Current Account | 32,353 | 45,461 | ||||
| HSBC Business Account | 1,004 | 1,004 | ||||
| 33,357 | 16,465 | |||||
| CAF Bank - Byrt Bursary | 5 | 6,648 | 6648 | |||
| 6,648 | 6,648 | |||||
| “. | Total Assets | 40,005 | 23,113 | |||
| Funded by: | ||||||
| Assets at beginning ofthe year | 23,113 | 19,449 | ||||
| Profit in year | 16,892 | 3,664 | ||||
| ~~ | 40,005 | 23,113. |
Notes to the Accounts
-
The Donations figure includes a leagcy of £10,000 from the estate of the late Dr Elizabeth Derryan Paul. This will be used to help fund string concerts at Musicfest. -
-
This is proceeds form the HMRC Gift Aid scheme
-
This includes Bursaries paid for on-line courses in 2020 and 2021
-
This is donations and fundraising for Musicfest other than Bursaries 5. The Sarah & Bryan Byrt Bursary Fund has been depositied with us on the basis of a formal agreement that the Friends of Musicfest Aberystwyth will use these funds at a figure of no greater than £500 per annum. No funds were required in 2020/21 or 2019/20
----- Start of picture text -----
These Accounts for the year ended 30th September 2021 have been prepared on a receipts and payments
basis and comply with the legal requirements of the Charities Act 2011 and any subsequent amendments
Signed cee Reece SUC OWS cennnitttnnnnnenn Katrina Williams - Treasurer
—
Trustees
Pe banLUE Lelie’
Signdd
Signed” Act 4 Soe kta _ GhalrpaiKoll aml. RNeet esses SeCTEtary
Joan Rowlands Ffrangcox Lewis
----- End of picture text -----
|
~~
Independent examiner’s report to the trustees of Friends of Musicfest Aberystwyth
| report to the trustees on my examination of the accounts of the Friends of Musicfest Aberystwyth (the Trust) for the year ended 30 September 20271.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
| 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 | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
| have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records.
| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Aros. Signed: apin Name: (-(L_UI AN TIQNES .
Relevant professional qualification or membership of professional bodies (if any):
FRIENDS OF MUSICFEST - Charity No 1118990
Income and Expenditure Account for the period to 30th September 2021
| Notes | 2020/2021 | 2020/2021 | 2019/20 | 2019/20 | ||
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | |||
| income | ||||||
| Donations | 1 | 12,617 | 2,658 | |||
| Concert/Specific Fundraising | 4 | 13,719 | 11,879 | |||
| Interest Receivable | - | 1 | ||||
| Gift Aid (HMRC) see Note | 2 | 4,756 | 4,276 | |||
| Other Income | ||||||
| 31,092 | 18,814 | |||||
| Expenditure | ||||||
| Bursaries for Students | 3 | 2,300 | - | |||
| Donations to Musicfest | 4 | 11,900 | 15,000 | |||
| . | AdministrativeExpenses | 14,200 | 150 | 15,150 | ||
| Net Profit | 16,892 | 3,664 | ||||
| Balance Sheet forthe yearended 30th September2021 | 2021 | |||||
| Assets | ||||||
| HSBC Current Account | 32,353 | 45,461 | ||||
| HSBC Business Account | 1,004 | 1,004 | ||||
| 33,357 | 16,465 | |||||
| CAF Bank - Byrt Bursary | 5 | 6,648 | 6648 | |||
| 6,648 | 6,648 | |||||
| “. | Total Assets | 40,005 | 23,113 | |||
| Funded by: | ||||||
| Assets at beginning ofthe year | 23,113 | 19,449 | ||||
| Profit in year | 16,892 | 3,664 | ||||
| ~~ | 40,005 | 23,113. |
Notes to the Accounts
-
The Donations figure includes a leagcy of £10,000 from the estate of the late Dr Elizabeth Derryan Paul. This will be used to help fund string concerts at Musicfest. -
-
This is proceeds form the HMRC Gift Aid scheme
-
This includes Bursaries paid for on-line courses in 2020 and 2021
-
This is donations and fundraising for Musicfest other than Bursaries 5. The Sarah & Bryan Byrt Bursary Fund has been depositied with us on the basis of a formal agreement that the Friends of Musicfest Aberystwyth will use these funds at a figure of no greater than £500 per annum. No funds were required in 2020/21 or 2019/20
----- Start of picture text -----
These Accounts for the year ended 30th September 2021 have been prepared on a receipts and payments
basis and comply with the legal requirements of the Charities Act 2011 and any subsequent amendments
Signed cee Reece SUC OWS cennnitttnnnnnenn Katrina Williams - Treasurer
—
Trustees
Pe banLUE Lelie’
Signdd
Signed” Act 4 Soe kta _ GhalrpaiKoll aml. RNeet esses SeCTEtary
Joan Rowlands Ffrangcox Lewis
----- End of picture text -----
|
~~
Independent examiner’s report to the trustees of Friends of Musicfest Aberystwyth
| report to the trustees on my examination of the accounts of the Friends of Musicfest Aberystwyth (the Trust) for the year ended 30 September 20271.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
| 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 | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
| have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records.
| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Aros. Signed: apin Name: (-(L_UI AN TIQNES .
Relevant professional qualification or membership of professional bodies (if any):