2023-03-31-accounts - The Pilgrim Band Trust

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

		Page
Report ofthe Trustees	1	to	4
Independent Examiner's Report
Statement ofFinancial Activities
Balance Sheet	7	to	8
Notes to the Financial Statements	9	to	17
Detailed Statement ofFinancial Activities	18	to	19

	FOR	THE	YEARENDED 31STMA	RCH 2023
				31/3/23	31/3/22
				Unrestricted	Total
				funds	funds
			Notes
INCOME AND ENDOWMENTS FROM
Investment income				158,139	146,987
EXPENDITURE ON
Raising funds
Investment management	costs			1,922	828
				1,922	828
Charitable activities
Promotion ofthe playing ofmusical instruments,
the enjoyment ofmusic	by young people	by
giving the opportunity	to play in aband.			144,807	113,789
Provision ofgrants to schools, individuals		and
other organisations to promote the playing		of
musical instruments.				21,822	12,780
Total				168,551	127,397
Net gains/(losses) on investments				(246,622)	405,689
NET INCOME/(EXPENDITURE)				(257,034)	425,279
RECONCILIATION	OFFUNDS
Total funds brought forward				6,232,195	5,806,916
TOTAL FUNDS CARRIED FORWARD				5,975,161	6,232,195

	BALANCE SHEET 31STMARCH 2023
		31/3/23	31/3/22
		Unrestricted	Total
		funds	funds
	Notes
FIXEDASSETS Tangible assets Investments	11 12	850,991 5,082,980	852,314 5,029,602
		5,933,971	5,881,916
CURRENT ASSETS Debtors Prepayments and accrued income Cash at bank	13	10,680 2,998 47,486	2,351 1,883 361,904
		61,164	366,138
CREDITORS Amounts falling due within one year	14	(19,974)	(15,859)
NET CURRENT ASSETS		41,190	350,279
TOTAL ASSETSLESSCURRENT LIABILITIES		5,975,161	6,232,195
NET ASSETS		5,975,161	6,232,195
FUNDS	15
Unrestricted funds: General fund Designated Fund- Value oftangible fixed assets Revaluation Fund		3,047,959 850,991 2,076,211	3,057,048 852,314 2,322,833
		5,975,161	6,232,195
FUNDS		5,975,161	6,232,195

					31/3/23	31/3/22
	Investment	property	income		9,913	7,738
	Common	investment	fund income		147,660	139,178
	Bank and	Building	Society interest		566	71
					158,139	146,987
3.	INVESTMENT MANAGEMENT			COSTS
					31/3/23	31/3/22
	Investment	property	management		1,922	828

				Grant
				funding of
			Direct	activities	Support
			Costs (see	(see note	costs (see
			note 5)	6)	note 7)	Totals
Promotion ofthe playing ofmusical
instruments,	the enjoyment ofmusic by
young people by giving the opportunity
toplay in a	band.		105,644		39,163	144,807
Provision ofgrants to schools,
individuals	and other organisations	to
promote the playing ofmusical
instruments.				21,822		21,822
			105,644	21,822	39,163	166,629

	FORTHE	YEAR ENDED 31STM	YEAR ENDED 31STM	ARCH 2023
5.	DIRECT COSTS OFCHARITABLE	ACTIVITIES			31/3/23	31/3/22
	Staffcosts Professional music teachers Musical Instruments repairs and maintenance Music and concert expenses Depreciation				33,710 69,139 284 590 1,921	32,070 54,052 192 558 1,714
					105,644	88,586
6.	GRANTS PAYABLE				31/3/23	31/3/22
	Provision ofgrants to schools, individuals the playing of musical instruments.	and	other organisations	to promote	21,822	12,780
	The total grants paid to institutions during the		year was as follows:		31/3/23	31/3/22
	St Matthew's School, Redhill Reigate & Redhill Music Festival St Bede's School, Redhill (includes resources Reigate Parish Church Primary School		shared with other schools)		3,180 17722	2,916 1,500 4,975 791
					20,902	10,182
	The total grants paid to individuals during the		year was as follows:		31/3/23	31/3/22
	Individual tuition and support St Bede's School, Redhill (includes resources		shared with other schools)		920	1,444 1,154
					920	2,598
7.	SUPPORT COSTS				Governance
				Other	costs	Totals
	Promotion ofthe playing ofmusical
	instruments, the enjoyment ofmusic by
	young people by giving the opportunity play in aband.	to		32,928	6,235	39,163

			31/3/23	31/3/22
Independent	Examiners'	remuneration	1,650	1,700
Depreciation	- owned assets		1,922	2,160

STAFFCOSTS
			31/3/23	31/3/22
			E
Wages and salaries			32,402	30,840
Other pension costs			1/08	1,230
			33,710	32,070
The average monthly	number ofemployees	during the year was as follows:
			31/3/23	31/3/22
Average number of	employees		1	1

TANGIBLE FIXEDASSE	TS
				Office
		Improvements		and
	Freehold	to	Musical	computer
	property	property	Instruments	equipment	Totals
COST
At 1stApril 2022 Additions	850,000	40,951	18,194	7,306 599	916,451 599
At 31stMarch 2023	850,000	40,951	18,194	7,905	917,050
DEPRECIATION
At 1stApril 2022 Charge for year		40,951	16,030 1,724	7,156 198	64,137 1,922
At 31stMarch 2023		40,951	17,754	7&354	66,059
NET BOOK VALUE
At 31stMarch 2023	850,000		440	551	850,991
At 31stMarch 2022	850,000		2,164	150	852,314

FIXEDASSETINVES	TMENTS
			Listed
			investments
MARKET VALUE
At 1stApril 2022 Additions			5,029,602 300,000
Revaluations			(246,622)
At 31stMarch 2023			5,082,980
NET BOOKVALUE
At 31stMarch 2023			5,082,980
At 31stMarch 2022			5,029,602
There were no investment	assets outside the UK.
Cost or valuation at 31st	March 2023 is represented	by:

13.	DEBTORS:AMOUNTS FALLING DUE WITHI	N ONE YEAR
			31/3/23	31/3/22
	Rental income and tenant
	deposits due Other debtors		10/08 372	2,351
			10,680	2,351
14.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
			31/3/23	31/3/22
	Social security and other taxes		1,586	1,551
	Accrued expenses		18/88	14,308
			19,974	15,859
15.	MOVEMENT IN FUNDS
			Net
			movement	At
		At 1/4/22	in funds	31/3/23
	Unrestricted funds
	General fund	3,056,450	(8,491)	3,047,959
	Designated Fund- Value oftangible fixed assets	852,912	(1,921)	850,991
	Revaluation Fund	2/22, 833	(246,622)	2,076,211
		6,232,195	(257,034)	5,975,161
	TOTAL FUNDS	6,232,195	(257,034)	5,975,161

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
Unrestricted	funds
General fund		158,139	(166,630)		(8,491)
Designated assets	Fund- Value oftangible fixed		(1,921)		(1,921)
Revaluation	Fund			(246,622)	(246,622)
		158,139	(168,551)	(246,622)	(257,034)
TOTAL FUNDS		158,139	(168,551)	(246,622)	(257,034)

				Net
				movement	At
			At 1/4/21	in funds	31/3/22
Unrestricted		funds
General fund			3,037,797	19,251	3,057,048
Designated assets	Fund- Value oftangible fixed		854,475	(2,161)	852,314
Revaluat'on		Fund	1,914,644	408,189	2,322,833
			5,806,916	425,279	6,232,195
TOTAL FUNDS			5,806,916	425,279	6,232,195

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
Unrestricted	funds
General fund		146,987	(125,236)	(2,500)	19,251
Designated Fund- Value oftangible fixed assets			(2,161)		(2,161)
Revaluation	Fund			408,189	408,189
		146,987	(127,397)	405,689	425,279
TOTAL FUNDS		146,987	(127,397)	405,689	425,279

			Net
			movement	At
		At 1/4/21	in funds	31/3/23
Unrestricted	funds
General fund		3,037,797	10,760	3,048,557
Designated assets	Fund- Value oftangible fixed	854,475	(4,082)	850,393
Revaluation	Fund	1,914,644	161,567	2,076,211
		5,806,916	168,245	5,975,161
TOTAL FUNDS		5,806,916	168,245	5,975,161

A current y as follows:	ear 12 months and prior year 12 m	onths combined n	et movement in f	unds, included i	n the above a
		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
Unrestricted	funds
General fund		305,126	(291,866)	(2,500)	10,760
Designated assets	Fund- Value oftangible fixed		(4,082)		(4,082)
Revaluation	Fund			161,567	161,567
		305,126	(295,948)	159,067	168,245
TOTAL FUNDS		305,126	(295,948)	159,067	168,245
Designated	Funds

			DETAILED STATEMENT OFFINA FORTHE YEARENDED 31S	NCIAL ACTIVITIES TMARCH 2023
				31/3/23	31/3/22
INCOME AND ENDOWMENTS
Investment income
Investment property Common investment	income fund income			9,913 147,660	7,738 139,178
Bank and Building Society			interest	566	71
				158,139	146,987
Total incoming resources				158,139	146,987
EXPENDITURE
Investment management			costs
Investment property	management			1,922	828
Charitable activities
Wages Pensions				32,402 1,308	30,840 1,230
Professional music teachers				69,139	54,052
Musical Instruments	repairs and maintenance			284	192
Music and concert expenses				590	558
Musical Instruments	depreciation			1,723	1,672
Computer equipment				198	42
Grants to institutions				20,902	10,182
Grants to individuals				920	2,598
				127,466	101,366
Support costs
Other
Rates and water				542	307
Insurance				2,882	2,508
Light and heat Telephone				2,666 862	1,482 1,179
Postage and stationery Sundries				544 639	603 1,064
Property maintenance Cleaning				16,556 2/09	2,207 872
Gardening				1,056	1,742
Computer costs				396	293
Photocopying Re&eshments				1,086 3@90	325 2,482
Depreciation ofproperty			improvements		447
				32,928	15,511
Governance costs
Independent Examiners'		remuneration		1,650	1,700
Carried forward				1,650	1,700

	DETAILED STATEMENT OFFINAN FORTHE YEAR ENDED 31ST	CIAL ACTIVITIES MARCH 2023
		31/3/23	31/3/22
Governance costs Brought forward Accountancy fees Legal fees Bookkeeping DBSchecks		1,650 1,530 410 748	1,700 1,515 3,953 505 186 50
Training costs Health and safety costs		1,897	1,783
		6,235	9,692
Total resources expended		168,551	127,397
Net (expenditure)/income losses	before gains and	(10,412)	19,590
Realised recognised gains	and losses
Realised gains/(losses) on over historical cost	fixed asset investments		(2,500)
dit/i		(10,412)	17,090