Registration number: 6824932
## Camborne Town Band Music Society
(A company limited by guarantee)
Annual Report and Unaudited Financial Statements
for the Year Ended 31 December 2024
Keith Lyons Accountants Suite 1b Gateway Business Centre Barncoose Industrial Estate Redruth Cornwall TR15 3RQ
## **Camborne Town Band Music Society**
## **Contents**
**----- Start of picture text -----**
Company Information 1
Directors' Report 2
Accountants' Report 3
Profit and Loss Account 4
Balance Sheet 5
Notes to the Financial Statements 6 to 7
The following pages do not form part of the statutory financial statements:
Detailed Profit and Loss Account 8 to 10
**----- End of picture text -----**
## **Camborne Town Band Music Society Company Information**
**Directors** Mrs S Brown Miss A Retallack Miss M Smith Mr D Gifford Mr V Hawkey Mr J Watson Mr S Kendall **Company secretary** Mr R Cook **Registered office** The Band Room Camborne Community Centre South Terrace Camborne Cornwall TR14 8SU **Accountants** Keith Lyons Accountants Suite 1b Gateway Business Centre Barncoose Industrial Estate Redruth Cornwall TR15 3RQ
Page 1
## **Camborne Town Band Music Society**
## **Directors' Report for the Year Ended 31 December 2024**
The directors present their report and the unaudited financial statements for the year ended 31 December 2024.
## **Directors of the company**
The directors who held office during the year were as follows:
Mrs S Brown Miss A Retallack Miss M Smith Mr D Gifford Mr V Hawkey Mr J Watson Mr S Kendall (appointed 23 May 2024)
## **Small company provisions**
This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
Approved by the Board on 15 May 2025 and signed on its behalf by:
......................................... Mr R Cook Company secretary
Page 2
## **Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of**
## **Camborne Town Band Music Society**
## **for the Year Ended 31 December 2024**
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Camborne Town Band Music Society for the year ended 31 December 2024 set out on pages 4 to 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Camborne Town Band Music Society, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Camborne Town Band Music Society and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Camborne Town Band Music Society and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Camborne Town Band Music Society has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Camborne Town Band Music Society. You consider that Camborne Town Band Music Society is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Camborne Town Band Music Society. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
> ...................................... fi
Keith Lyons Accountants Suite 1b Gateway Business Centre Barncoose Industrial Estate Redruth Cornwall TR15 3RQ 15 May 2025
Page 3
## **Camborne Town Band Music Society**
## **Profit and Loss Account for the Year Ended 31 December 2024**
|**Note**
Turnover
Cost of sales
Gross profit
Administrative expenses
Operating loss
2
Other interest receivable and similar income
Amounts written off investments
Loss on ordinary activities before taxation
Loss for the financial year
5|**2024**
**£**
39,679
(19,329)
20,350
(24,646)
(4,296)
493
(651)
(4,454)
(4,454)|**2023**
**£**
37,819
(23,521)|
|---|---|---|
|||14,298
(29,415)|
|||(15,117)
424
(678)|
|||(15,371)|
|||(15,371)|
The notes on pages 6 to 7 form an integral part of these financial statements. Page 4
## **Camborne Town Band Music Society**
## **(Registration number: 6824932)**
## **Balance Sheet at 31 December 2024**
|**Note**
**Fixed assets**
Tangible fixed assets
3
**Current assets**
Stocks
Cash at bank and in hand
Net assets
**Capital and reserves**
Revaluation reserve
5
Profit and loss account
5
Shareholders' funds|**2024**
**£**
70,092
10,285
90,549
100,834
170,926
58,906
112,020
170,926|**2023**
**£**
67,383|
|---|---|---|
|||10,553
97,444|
|||107,997|
|||175,380|
|||58,906
116,474|
|||175,380|
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).
For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
Approved and authorised for issue by the Board on 15 May 2025 and signed on its behalf by:
......................................... Mr R Cook Company secretary
The notes on pages 6 to 7 form an integral part of these financial statements. Page 5
## **Camborne Town Band Music Society Notes to the Financial Statements for the Year Ended 31 December 2024**
## **1 Accounting policies**
## **Basis of preparation**
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
## **Turnover**
Turnover represents amounts chargeable in respect of the sale of goods and services to customers.
## **Depreciation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
|Depreciation is provided on tangible fix
esidual value, over their expected useful|ed assets so as to write off the cost or valuation
economic life as follows:|
|---|---|
|**Asset class**|**Depreciation method and rate**|
|Musical instruments|15% Reducing balance|
|Uniforms|25% Reducing balance|
|Furniture & equipment|10% Reducing balance|
## **Stock**
Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.
## **Hire purchase and leasing**
Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.
## **2 Operating loss**
Operating loss is stated after charging:
|Operating loss is stated after charging:|||
|---|---|---|
||**2024**|**2023**|
||**£**|**£**|
|Depreciation of tangible fixed assets|2,015|1,308|
Page 6
## **Camborne Town Band Music Society**
## **Notes to the Financial Statements for the Year Ended 31 December 2024**
## _**......... continued**_
## **3 Tangible fixed assets**
|**Cost or valuation**
At 1 January 2024
Additions
At 31 December
2024
**Depreciation**
At 1 January 2024
Charge for the year
At 31 December
2024
**Net book value**
At 31 December
2024
At 31 December
2023|**Freehold**
**land and**
**buildings**
**£**
60,000
-
60,000
-
-
-
60,000
60,000|**Musical**
**instruments**
**£**
47,243
2,750
49,993
40,442
1,433
41,875
8,118
6,801|**Uniforms**
**£**
7,408
1,974
9,382
7,208
544
7,752
1,630
200|**Furniture**
**and**
**equipment**
**£**
2,058
-
2,058
1,676
38
1,714
344
382|**Total**
**£**
116,709
4,724|
|---|---|---|---|---|---|
||||||121,433|
||||||49,326
2,015|
||||||51,341|
||||||70,092|
||||||67,383|
## **4 Company status**
The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.
## **5 Reserves**
|At 1 January 2024
Loss for the year
At 31 December 2024|**Revaluation**
**reserve**
**£**
58,906
-
58,906|**Profit and**
**loss account**
**£**
116,474
(4,454)
112,020|**Total**
**£**
175,380
(4,454)|
|---|---|---|---|
||||170,926|
Page 7
## **Camborne Town Band Music Society**
## **Detailed Profit and Loss Account for the Year Ended 31 December 2024**
|Turnover (analysed below)
Cost of sales (analysed below)
Gross profit
Gross profit (%)
**Administrative expenses**
Establishment costs (analysed below)
General administrative expenses
(analysed below)
Depreciation costs (analysed below)
Other interest receivable and similar
income (analysed below)
Amounts written off investments
(analysed below)
Loss on ordinary activities before
taxation|**2024**
**£**
**£**
39,679
(19,329)
20,350
51.29%
(7,671)
(14,960)
(2,015)
(24,646)
493
(651)
(4,454)|**2023**
**£**
**£**
37,819
(23,521)
14,298
37.81%
(10,531)
(17,576)
(1,308)
(29,415)
424
(678)
(15,371)|**2023**
**£**
**£**
37,819
(23,521)
14,298
37.81%
(10,531)
(17,576)
(1,308)
(29,415)
424
(678)
(15,371)|
|---|---|---|---|
||||14,298|
||||37.81%
(29,415)
424
(678)|
||||(15,371)|
This page does not form part of the statutory financial statements Page 8
## **Camborne Town Band Music Society**
## **Detailed Profit and Loss Account for the Year Ended 31 December 2024**
|**Turnover**
Special efforts concerts and functions
Subscriptions and donations
Sales of CD's books fleeces and ties etc
Grants and subsidies
Other income
**Cost of sales**
Opening stock
Closing stock
MD & conductor fees
Sundry expenses
**Establishment costs**
Hall hire
Rent
Rates
Light, heat and power
Licenses & insurance
Repairs and renewals
General maintenance
**General administrative expenses**
Office expenses
Printing, postage and stationery
Entry fees and subscriptions
Sundry expenses
Accountancy fees
Parking charges
Special events
Travel, subsistence & accommodation
**Depreciation costs**
Depreciation of musical instruments
Depreciation of uniforms
Depreciation of furniture & equipment|**2024**
**£**
22,754
9,966
-
885
6,074
39,679
7,840
(7,680)
18,017
1,152
19,329
652
1,150
38
3,557
1,047
386
841
7,671
77
142
3,013
202
420
-
100
11,006
14,960
1,433
544
38
2,015|**2023**
**£**
23,109
9,101
232
1,700
3,677|
|---|---|---|
|||37,819|
|||5,807
(7,840)
24,387
1,167|
|||23,521|
|||409
1,225
37
4,420
1,904
1,759
777|
|||10,531|
|||297
348
1,764
517
420
30
245
13,955|
|||17,576|
|||1,200
66
42|
|||1,308|
This page does not form part of the statutory financial statements Page 9
## **Camborne Town Band Music Society**
## **Detailed Profit and Loss Account for the Year Ended 31 December 2024**
## _**......... continued**_
|**Other interest receivable and similar income**
Bank interest receivable
**Amounts written off investments**
Provision for deterioration of music|**2024**
**£**
493
493
651
651|**2023**
**£**
424|
|---|---|---|
|||424|
|||678|
|||678|
This page does not form part of the statutory financial statements Page 10