Charlty rnglstratlon numb•r 1123767 C•)mpany rnghtratlon numb•r 065020021England and Wale•} WANTAGE SILVER BAND ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024 WANTAGE SILVER BAND LEGAL AND ADMINISTRATNE INFORMATION M8 L Sc4)tt Mr A Sykes Mrs E Syk88 Mrs E Turnér Mr¥ AAnd8rson Mrs J Trindgr Mrs S Wallbrfdge Mr S Wyne Mr G Coulson Mr S S Sizel8nd Charlty numb•r 1123767 Company nuffll)•f 06502002 R•91*t•r￿ offl 4 Gar8ton Clo80 Wantage 0th8hire OX12 7AH Ind•p•nd•nt •x•mln•r Chapman Worth Llmlted 2 Th• Old Eat8ta Yard Hlgh Street Easl H8rKlred Wantage Oxford8hlr• OX12 8JY WANTAGE SILVER BAND CONTENTS P•g• Trustees, report Indopgndenl •xamlnarfs rnport Staternont of finantjal aclWs Ststsmont ol flnandal ￿tIon Notes to the financl81 $ts16ments 8-18 WANTAGE SILVER BAND TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 JANUARY 2024 The trustses pre.8ent tholr annual report 8nd financlal Statements for the year endéd 31 January 2024. Thè flnandol statsThnts have been prnp8rod In accordarth with thè accounting polidos set in note 1 to the Ilnanclal ststaments and ￿)mplY wlth thè charws tgovgrnlng d0￿mentI. the Companies Act 2006 8nd "A¢¢ountlng and Reporting by Charllles: Statement of Recommen￿1 applicable to charitie8 preparing thelr 8Lxounts in accordanL* *rylh the Finan(4al RapDrtlno Stsndard appllcable in the UK and Ropublk of Ireland (FRS 102). (offeclfve 1 January 2019). Objoctlvm and •etlvttl c*8rftrfs obi8Ctlves are.. To advance public educatknn In mu8lc In p8rt1(yJl•r through lh8 publlc pfrrformanco of brn88 band mu81C and tuitlon In tho samo and to or such chorftoble Pu￿0￿98 as tho Dlrectors shall derAde; The provlslon and maint8n8ncg of a communlty hall for the use of tho Inhabtsfrts of Wantsga and tho nelghbourtKod, wlthout dIS￿n¢00n of polltical. le1￿{0u$ or other oplnlon8. IndLKllng use for: M8•lng$,18cture8 arKI d8880s. and . Othor fomis of recrnatlon and lolsur8.tkn• oe£upatlon, wfth th• object of Improvlng tha condltlons of IW• lor the Inhabltants. Publk 8•nefit stat•ment The Trustees have paid du• rty•rd to guldance Issued by the Chartty c￿mI88￿ In deddlng vthat 8dlvltle8 they Bhould undortak6. DurlNJ the year. the Wantsgg Sllver Band ha8 cafflod oul tts duty wllh regard to obledv08 of tho charfty and has been able lo parfom) at many local evonts. Achl•v•m•nt• and p•rfomianc• Wantag6 Sllver B8nd18 now back lo playlr#J a full 8chodul8 of conc8rt8. c¥)ntosts. ¢ommunlty booklngs for Town Coundl, fot•8 and carolllng throughout Decem￿r. Teachlng: Teachlng of br888 Inslwrnonts. percu881on and readlng of muslc ha$ ￿)ntInUed as usual. Wth tutors going into the 8chools our Intaka ot school age chlldr8n ha8 increasgd. Thlo has mèant that FYograg8lon ha8 contlnued and we hav& many ngw and young Fdayers comlng on. Voluntoern: Most of the runnlng of the band Is done by %M)lunts•r8. All the players are nonY￿10n8I. Flnanclal rgvl•w Our exten8ion will b8 complato in tho next few wegks when w8 pIBn to hav8 more band pr8Ctko8 arKI bo0￿r￿j3 from outside hlrer8 from th8 communlty. W• have furKI8 to pay for th18. The band 19 now back to perfomlng lo the publlc and oomlng money 08 w8 have done In tho pa8L Want8ge Sllver Band is very FM)pular In Wantsge and many organlsatlons book us for thelr èvents. The band's ¢*afitable alms are to provld8 nwslc, ond muslcal traSnlng 8nd oppothiity to th6 communlty. WANTAGE SILVER BAND TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 JANUARY2024 PRINCIPAL FUNDING SOURCES Whilst the band oxtinues to attract donations and grants In support of spocmc projects and 18 very grateful for them. such funds tsnd to be rather S￿radIC In nalure and aro dmficult to plan for. Generalty. the band pays its own way- by p8rfornlng. PRINCIPAL OLrrGOINGS Th8 major comporlent of tho band's èxp8nses Is In tho provlslon of a group of excollent condurlor8 for each of the organl88tlons' nlne bands. TW provlde the mLtslcal direction and drlvg and h8v6 ￿IntInUed to do 80 on line on Zoom vthere n8(*s8ary. The provlslon of tho lathrs vhlch 8UPPOrt the band's actlvltia8 h al80 key. The malntenance and In8uranc• of tho bandh811 Heats'ng and Ilghtlng The provlsK)n of Inslnjments arKI thelr In$urance (a good Ba¥¥ ¢xn cost £5000) Th8 cost of muslc. R•vry•8 Pollcy 1118 the pollcy of the charity that Lmf08trided fvnd8 whlch have nol been de8ignated for a specific use Should be maintainod at a lovel equivalgnt lo b8h¥e8n threo- and 8iX-months' expendlture. The trust8&8 conslder that resepoes at th18 level wlll •n3ure that, In the event of a 8lgnMeant drop In fundlng, thoy wlll b8 8bl8 to ry>ntlrwe th charity's current acllvlt196 whlle conBidgratlon Is glvon to W8ys In whkh addltbnal fuThJ8 may be ra18ad. Th1$ level ol reserves has boen exceeded Ihroughoul the y￿r whilst re8eFve8 acojmulated Sn antlclpauon of Incr68slng costs to complete con8truction works on Phase 2 of the B8ndhg11. The truBtegs h8ve 888essed the major flsks to **h5ch the charlty18 exposed and are 8atl8fled that sy$tsm8 are In place to mi1698te exposur6 to the major risks. We have practice8 81 th8 bandhall every evenlng ex(￿p1 Saturday8 and wo now have extr8 pracllc88 for tho Increased number of 86glnnars and Youth rAAyer8. WANTAGE SILVER BAND TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 JANUARY2024 Wantage Silv8r B8rKI18 8 c))mpany limited by gu8f8ntse 8nd a ch8rty, registered In EnglarKJ and e8t8bllshed on 19 Aprll 2008. Tho govemlng dO(yJrn￿ts 8rn tho ch8rltrfs Memor8rrtlum 8fKI ArticJ86 ofAssodth. The trust898, wl)o we also lh8 dlrectOY8 for the purpo86 of company law, and who 8eprfod durfng th6 yèar and up to th8 dat8 018lgnature of the fin8n¢lal ststements were.. Ms L Scott MrASykes Mrs E Sykes Mr8 E Tumer Mrn J Trinder Mrn S Wallbrklg• Mr S Wyne Mr G Coulson Mr S S Slzoland A8 88t out In our MomoraNJum and Arttdes. 81 oath annuAI general moollng on8 thlrd of tho Dlrectors rnU￿ MU from office. The Olrnctors to r•tlrn by rotstlon 8h811 ba thos8 vtho hav• bfjén long8sl In office and may b recommonded for r+6lectlon by the Dlrector& A Dlrector appoSnted by a re801utlon of tho 0th8r dlrectors must rotlre 8t the next annual 98n8ral ffthtlng and must not b8 laken Inlo acrounl In d8témlnlrvJ the Dlrectors who are to re￿[e by rolatlon. Belwaen thlrty ftve and fourteen days before the meetlng notlce may be glven that Is syned by a m8mber 8ntiUed to vote 8t the meettng whith stales the ￿mber'S Intentlon lo propose the 8ppointm8nt of a person 86 8 Dirath. Thls mu8t be *ned by the r*rnon th Is to be proposed to show wlllingnes8 to b8 8ppoint80. Noné of the trustoe8 has any benefidol Intsr8St In the company. All ol the truste88 are member8 of tho compony 8nd guarantse to ￿nt￿b(rte £10 In th8 èvent of a windlng up. The Board of Wantspe Sllver Band rneets M(￿thty 8nd manages the nJnnln9 of the band wlth subca)mmlttees covertng the mafiag8menl of activltl8$ 8nd engagements th8 barKI take8 on (Players. Commiltee, Fundralsing and Health aNJ Safety). Each 8ubcx)mmltte8 report8 to the 8ofird. The truste88' report wa8 approved by the B08rd of Trustees. Mr• E Th4rn•r Trustee WANTAGE SILVER BAND INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WANTAGE SILVER BAND I report to the tNstaas on my examlnallon of the financial ststements of Wantsge Sllver Band (tl* charfty) for th8 yèar eThled 31 January 2024. R••pon•lbllltl•s and ba•1• of r•port AS tho tnJ$tee8 of lh6 charfty (and 8150 Its dlrncl(ff8 for the purpose8 of axnpany18w) you are rosponslbl8 for the preparatlon ol tho financlal 8tatemont8 In 8ccordan¢o wlth th6 r•qulroments of thè c(m￿nIeS Act 2006 (the 2006 Act). Having $8tlslled my8811 that the nnanclal ststements of thè charity are not requlred to be audltad under Part 16 of the 2006 Act and are elSglble for Ind8pendent examinatlon, I reFQrt in respod of my examlnatlon of the chanty's financial 8t8lem8nt8 ￿rrIed out under seC￿On 145 of the Charilies Act 2011 (the 2011 Act). In Ca￿n9 t my ax8m1n8tl(￿ I have followed all tho appllcBbl8 Dlroctk)ns gFv•n by tha Charty CommI￿lOn und section 145{5)(bl of the 2011 A Ind•p•nd•nt •xamln•f• •tat•m•nt I have corn￿•ted my examlnation. I conflm) that rK) mgtters hava comè to my •ttentlon In conr￿1￿￿ wlth the examination glvlng me ￿U89 to bell&ve that In any m8t8d81 respect: accountlng rec¥)rd6 were not kgpt In respect of the ch8rfty as rnqulred by sectlon 386 of tho 2008 Act. or the finandal ststem8nts do not accoril with those r8CAird8,' or the financlal 8tat8m8nts do r￿t compty wlth tho accounong r8qulr8mants of gedlon 398 of Ihe 2006 Act other than any requirement th81 the accounts glve a tNa and falr vlow which Is not a matter &)n81dered as part of an Independent examlnatk)n: or the flnanc1818tatemonts have not l)een preparod In 8ccord8nca wlth the methods and prfnclples of the ststernent of Recommended Practlce for a¢o￿nIOn9 and reportlng by charltle3 8ppllc¥blo to charttl&8 preparlng the5r accounts In 8cMrdanco t*Ath tho Flnandal R•portlng Standard 8pi4icabl8 in thè UK 8nd Republlc of IrelarKI (FRS 1021. I have no ¢oncem8 and have ￿rne auoss no other rnatteTS In ry)nnection wlth the examlnatlon to whith attgnllon should be draym In thls report In order lo enable a propgr understandlng of the finandal ststements to bè r88chod. Anna Chapman FCA Chapman Worth Llmited 2 Tho ijd Estalo Yard High Street East Hendr8d W8ntage Oxfordshire OX12 8JY 03 1s..1zcll4 ill, WANTAGE SILVER BAND STATEMENT OF FINANCIAL POSITION ASAT31 JANUARY2024 2024 2023 N¢)t•• Flxod as••ts Tanglblo assets Currnnt Cash at bank and In hand 13 856.526 771,465 55,238 42.046 Cr•dltorn: ifflounts f•lllng du• wllhln on• y•ar 14 (1.410) (1,320) Net I￿r￿n1 assets 53.828 40,726 Total au•t• l••s curnnt Ilabllltl•• 910.354 812.191 Cr•dllor•: •mount• f•lllng du• aft•r morn than one ymr Is {216,940) (161,(MXI) N•t aM•t• 893.414 651,191 In¢om• fund• De8lgnated fund8 Genor61 unrnstddad fund• 6,618 686.796 3.890 647.301 Unro8trlcted fund8 693,414 851.191 893.414 651,191 Th8 ccffipany Is entltled to the exemptlon from the audit requlrement contslned In sactlon 477 of thè Comp8nle8 Act 2006, for tho ye8r endod 31 January 2024. Tho dlre(lor acknowledges hbs r8sFonslblllti8s ft)r complylng wlth thg requlrnments of the CompanE•s Acl 2008 wlth rgspect to acwinling records and th8 pr•paratlon of tknancial statements. Th8 momtjers have not requlred th8 cornpany to obtaln an audlt of Ils flnanclal 8t8tement5 for thg y6ar In question In accordance with sectlon 478. Th88e finanraal statements have bèèn prepgred in accordance wth the provlslons appllcabla to companlo$ $ubJect to tho 8m811 companlès rnolrn•. ofr 04. Io*LF The finan¢lal statèments were approved by the TnJst809 on .......... . Mrs E Turner Trust•• Company Rogl•lr•tion ND. 06502002 WANTAGE SILVER BAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024 Aceountlng pollcl Ch•rlty Inforniatlon Wantsge Silver Band 5s a prfvate company limitsd by guarantee Inccwporated In England and WaFes. Tho reglstered offi￿ Is 4 Garst(m Clog0, Wantage. Oxfordshlre. OX12 7AH. 1.1 A¢eountlng Mnv•ntlon The financlal statements have been prepared In acrx*d8nc8 wlth th8 d￿ri￿/S Arlidgs of As8OC48tlon. the Companles Act 20C6 and "Ac£ounting and Rewrting by CharNies: Slatemant of R8commendod Prnctic applleAble to tharitles prep8rSng th8lr accounts in accordan￿ wth the Flnanclal Repordng Standard applicable In th6 UK arml Républlc of Ireland {FRS 102)" (as am8nd8d for a¢r¢unting porfc%16 comménclng from 1 January 2016). Th• charfty Is o Publlc B•nofft Entlty a8 dafin•d by FRS 102. The charfty has t8kon advantage of the provlslons In the SORP for chartU88 8ppWrvJ FRS 102 Update Bullettn 1 not to preparo a Statomont of C8sh Flo¥￿. Th8 finarKlal 8t8t8ments arn prgP8red In 8lèrllng. whlch 18 tho functSon81 turrancy of ts charty. Mon8tary amounts In lho￿ financlal 8t8tam8nts are foundéd to tho no8rn8t £. Th8 finandal 8lalomwts ha￿ bwi prep8red undor Ihe hlstorfcal cost conventi¢)n. The prindpal ac4x)untlng polldo8 adopted are set out below. Tho finandal statements h8va dop8rted from the Charft188 (Acry)unts and R8m) Regul8tloTr8 2008 only lo the exlent required lo provlde a tnJ• and fair view. This d8P8rture ha8 involved following the Stalemenl ol Recommended Pr8Ctlce for charflles applylng FRS 102 rath8r than the verslon of the Ststem8nt of Recornmended Practl¢e whl¢h18 referred to In the Regulatlons but whlth has 8bnce b88n vhthdravm. 1.2 Golng conc•m At the ￿ffle of approvlng the finandal stgtements. the trustees have a rg880nablo exp8¢tatksn that the tharfty has adequate resources to contlnu8 In op8ralM)nal ex18tence for the fore$eeablo fttlure. Thus the tru8teO8 contlnue to 8dopt the gdng coneorn basls of aCwUfi￿ng In prnparfng tho finandal st8tsmonts. 1,3 Ch•rll•bl• lun Unrethctod funds are available for u8e at dl8crellon of the trustees In lurttrthnc* ol thelr charttable oblectbves. Re8tActed fund8 are sublect to spgc5fic condltlons by donors or gfanlors 81 to how they rnay be usod. The purposes and u688 ofthè rè8trictod fvnds afo let out Sn tho notes to th8 finandal ststemont•. Endowment funds are subject to spedfic ry)ndttlons by donor8 Ihat tho capital mu•1 be rnaintalned by the ch8rity. 1A Incomlng ro•our￿$ Incom818 rncognlsod whon the tharfty Is legalty anliO8d to114fter any porforniance condltlons boon met. Ihe amounts CAn be measuréd reliably, and Itls probabie that In¢omo wlll be recelvod. Cash donation8 arg recognlsed on rec*lpt (Xher dLThtIiJ)$ ore recognlsed once the charity h88 bèen notified of th8 donatlon. unless perfonnance Conditions require deferral of th8 amount. Income tax recoverable In rèlallon to donatlon$ rocelved under GiftAid or d88ds of covenant Is recognl8ed at th8 Ilm8 of th8 donatlon. L8gade$ arg recognlsed on r8c8lpt or othÈrwi5e If the tharfty has bean nollfied of an lrnpendlng dlstrlbutlon. the amount Is known, and recalpt Is èmpothd. If the amount Is not known. Ih818gacy Is treated as a conting6nl a¥seL WANTAGE SILVER BAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2024 Aceountlng poll¢lth {C•)nilnuad) 1.5 R••ourc•¥ •xpndod Expendlture18 recognlsad once th8r818 a l•gal ty constructlve obllg8tkJn to transfer e(YJnomlc bènefit to a thlrd party, it 15 prot>able that a transfer of economlc boneffls will be roqulred In $8tllemant, aThd the arnount of the obli98tion c*n be rnea8u￿d rnliably. EXpordI￿re Is da$81fi8d by adlvlty. The costs of èach advlty are made up of the kntsl of dlrorA o)8ts and sh8r8d costs. indudlng support ￿8t6 Involved In Underta￿n9 eath actfvity. Direct ￿$ts atlrfbutable to a sSngle 8Ctlvlty are allocated In r08PeCt of le88. TnJstO88 recgfved total rdmbur88d exp8ndlture of £3.774 (2023 £1.668). Detslls are glven below: 2024 2023 A&ESyk6s E Tumèr 335 3.439 1,394 274 11 Employo 2024 Numbgr 2023 Numb•r Total There no employee¥ *those annual remuneralion was morn than £60.000. 12 Tax•tlon The ¢harlty Is exempt from tgxation on Its 8cli¥iti8s berAuse all its income Is applied for ¢harlt8ble purposes. 14- WANTAGE SILVER BAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2024 13 Tanglblo ilx•d a88•1• Land and bylldlng1 Cost At 1 FebNary 2023 Addltlons 829,685 94,764 At 31 January 2024 924,449 D•pMelatlon and IM￿lm￿nt At l February 2023 Deprg¢18llon Cha￿0d In th• 58,220 9,703 At 31 January 2024 67,923 Carrylng amount At 31 January 2024 858,526 At 31 January 2023 771.465 Tho tru8t808 •8tlmoto thg m8fkot value ol Instrum•nts. ovmed by the dwrlty, 8$ at the 31 January 2024 to total £292,535 (2023 £292,535). In$tnJm6nts 8re oxpgnsed to tho and l¢)$8 In tho y8ar of purcha89. 14 Cf•dltor•'. amounts f•lllng du• wlthln on• y••r 2024 2023 AccrualB and deferrod Sncomo 1,410 1,320 16 Cr•dltorn: amounts falllng du• •ft•r morn than one y•ar 2024 2023 Other credltor8 216,940 161,01)O Interest rate on b)rKls IS 2% per annum. Interesl of £4,240 w8s Charged during year. 15- WANTAGE SILVER BAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2024 16 UnrMtrl¢tsd fund•. d￿I9nat•d arn unrestrfcted funds vlhlch are rn8tertg1 to tho charws a¢thiltles. At 1 F•bruary Incomlng At 31 Januory 2023 r•Bour¢•• 2024 3,890 2,728 6.618 Prnvlou• y•ar. Al 1 F•bruary Incomlnq At 31 January 2022 r•soure•• 2023 1,602 2,388 3,890 17 R••trlct•d fund• The rgslrfctod funds of the tharity ￿mpriSe Ihg unexpended balances of donalk)n8 and grnnls hold on trust subjact lo specrfic conditlons by donor8 as to how thèy may be us8d. Al 1 F•lYu•ry 2023 In¢omlng r••oUr￿l Tran•t•r• Al 31 J4Th￿ry 2024 8ulldln9 ApFeal Fund 7,654 (7,654) Pr•vlou• y•ar: At 1 F•bruary Incomlng 2022 r••our¢•$ Tran8f•r• At 31 J*nu•ry 2023 Bulldlng Appgal Fund 103,769 21.945 {125,714> Dudng th8 year the tharlty r9celvod rethctod InMme for tho band hall axtantlon totslllng £7.654. Aso. £7,654 h9$ been ul4ll$ed on Ihe inltlal construction wort8 of the 8xt8ntN￿. These have have been caplta118ed and can be seen In notè 12. Thè restrictions on the Income are satisfied once expensed on Ihe extention work$. Thare are no resthctlons held on the propety or extention. A transfer of £7,654 has been Induded to redas81fy the restrictsd funds that have been utilis6d and salisfied during Ihe year. WANTAGE SILVER BAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2024 18 An•ty•l• of n•t as••ts b•twMn lund• Urbr••trl¢t•d Unro•trlctod fund• nd8 g•n•rnl d8•1gnal•d 2024 2024 Total 2024 Fund balanem at 31 Janu•ry 2024 ar• rnpMwnt•d by: Tangible assets Current a8setsl(IlablllUa8) Long term li8bilftl89 858.S28 53,828 {216.940) 47,210 1216.940) 6.618 686,796 6.618 693.414 Unr••trlct•d Unr••lrf¢t•d funds fund• gonornl d••lgnot•d 2023 2023 Total 2023 Fund ￿lanCe* at 31 JanuAry 2023 arn r•prnMnt•d by: T8ngibl6 assets Current 899ot81(118bllttl•$) Long term118bllitio5 771.465 36,836 (161.000) 771,485 40.728 (161,000> 3,890 647,301 3,890 651.191 19 D••lgnaiod fund• The unrostrlctod fund¥ of t￿ charlty ¢omprf80 the unexp•nd•d b818nces of donBkn8 arnl grnnts whlch ar• not 8ublect to spKlftc wndlllons by dth)rs and grantorB as to how they may be u88d. Those Includo designatod funds whlch have boen set 88lde out of unrtistric￿ lund$ by the tru8ie89 for gporjfic pu￿0$8$. Mov•m•nt In fvnd• IncoffAng RM•ur¢M 8*tsn¢• •t Incomlng R•wufw B•lIn￿ at rn•ourC￿ •j[P￿d*d 1 F•bN•ry r••wM* •xp•nd•d 31 J•nu•ry 2024 1 F•bnMry 2022 Alan Fund Regent Arcade FuThJ (Children's Instruments) Wantsge Youkh Band 3.119 3.119 (1,119) (2541 446 400 (302> 1.001 {676) 325 1250) 183 1,501 3,319 1930) 3.890 (1,671) 2,727 17- WANTAGE SILVER BAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2024 20 R•latad p•rty tr•n••¢Uon• There vAr6 no dlsclosable related paty trnns8Ctlon$ durtng the year (2023 - none). 18-