2023-08-31-accounts

Reference and Administrative Details	Reference and Administrative Details
Trustees' Report		2 to 4
Statement ofTrustees'	Responsibilities
Independent Examiner's	Report
Statement ofFinancial	Activities	7to 8
Balance Sheet
Notes to the Financial	Statements	10to 22

The trustees and officers	serving during the year and since the	year e	nd were as follows:
Trustees:	Miss EA Bratton
	Mr TN Booth
	Dr M Chadwick
	Mr FJ BLe Brocq (appointed		21 September 2022)
	Mr JW A Lowe
	Mr S G Mason
	Mrs W McDonald
	Mr JM Saville
	Mrs EM Stevens
	Mr JE Stork (appointed	21 September 2022)

			and Lo	sses)
				Unrestricted	Restricted	Total
				funds	funds	2023
			Note
Income and Endowments		from:
Donations and legacies				1,091		1,091
Charitable activities				131,116		131,116
Investment income				5,569		5,569
Total income				137,776		137,776
Expenditure on:
Raising funds				(1,391)		(1,391)
Charitable activities				(153,317)	(3,206)	(156,523)
Total expenditure				(154,708)	(3,206)	(157,914)
Gains/losses on investment		assets		(4,101)		(4,101)
Net expenditure				(21,033)	(3,206)	(24,239)
Transfers between	funds			228,319	(228,319)
Net movement in funds				207,286	(231,525)	(24,239)
Reconciliation offunds
Total funds brought	forward			8,959	231,525	240,484
Total funds carried	forward		20	216,245		216,245

				Unrestricted	Restricted	Total
				funds	funds	2022
			Note
Income and Endowments		from:
Donations and legacies				1,530		1,530
Charitable activities				84,733		84,733
Investment income				8	4,334	4,342
Total income				86,271	4,334	90,605
Expenditure on:
Raising funds					(1,636)	(1,636)
Charitable activities				(105,080)	(1,891)	(106,971)
Total expenditure				(105,080)	(3,527)	(108,607)
Gains/losses on investment		assets			(19,393)	(19,393)
Net expenditure				(18,809)	(18,586)	(37,395)
Net movement in funds				(18,809)	(18,586)	(37,395)
Reconciliation offunds
Total funds brought	forward			27,768	250,111	277,879
Total funds carried	forward		20	8,959	231,525	240,484

		Note
Fixed assets
Tangible assets			7,210	9„370
investments			201313	221,762
				231,l32
Current assets
Debtors				5ll
Cash at bank	and in hand			11,688
			9„371	12,199
Creditors: Atnounts falhng due within one year			(1,649)	(2,847)
Net current	assets			9,352
Niet assets				240,484
Funds ofthe	Charity".
Restricted income funds
Restricted funds		20		231,525
Unrestricted	income funds
Unrestricted	funds		216,245	8959
Total funds			216,245	240,484

					Unrestricted
					funds	Total	Total
					General	2023	2022
Donations and legacies;
	Donations	from individuals			1,091	1,091	1,530
					1,091	1,091	1,530
4	Income	from charitable		activities
						Unrestricted
						funds	Total
						General	2023
	Gift aid tax reclaimed					11,460	11,460
	Subscriptions		-Members			64,390	64,390
	Concert income					13,365	13,365
	Other income					1,974	1,974
	Tours					18,067	18,067
	Orchestra	tax	relief			21,860	21,860
						131,116	131,116
						Unrestricted
						funds	Total
						General	2022
	Gift aid tax reclaimed					12,307	12,307
	Subscriptions		-Members			53,430	53,430
	Concert income					9,928	9,928
	Other income					(225)	(225)
	Orchestra	tax	relief			9,293	9,293
						84,733	84,733

			Unrestricted
			funds	Restricted	Total
			General	funds	funds
Other	investment	income	5,569		5,569
Total	for 2023		5,569		5,569
Total	for 2022			4,334	4,342

a) Investment m	anageme	nt c	osts
				Unrestricted
				funds	Total	Total
				General	2023	2022
Other investment	management		costs;
Other portfolio	management		costs	1,391	1,391	1,636
				1,391	1,391	1,636
7 Expenditure	on charitable		activities
				Unrestricted
				funds	Restricted	Total
				General	funds	2023
Conductors, tutors and rehearsals				60,951	2,757	63,708
Tours				20,693		20,693
Concert costs				10,510		10,510
Rehearsal rooms	hire			10,655		10,655
Events and workings				1,886		1,886
Orchestra administrator				3,755		3,755
Wages and pensions				24,693		24,693
Bursary payments				2,596	449	3,045
Insurance				290		290
Equipment repairs and renewals				127		127
Printing, postage	and stationery			220		220
Trade subscriptions				620		620
Sundry expenses				2,039		2,039
Advertising				675		675
Professional development		and training		1,187		1,187
Bank charges				60		60
Depreciation ofinstruments				2,160		2,160
Website costs				3,050		3,050
				146,167	3,206	149,373

		Unrestricted
		funds	Restricted	Total
		General	funds	2022
Conductors, tutors and rehearsals		50,537		50,537
Concert costs		8,200		8,200
Rehearsal rooms hire		10,176		10,176
Events and workings		(87)		(87)
Orchestra administrator		2,996		2,996
Wages and pensions		22,419		22,419
Bursary payments			1,891	1,891
Insurance		276		276
Equipment repairs and renewals		315		315
Printing, postage and stationery		366		366
Trade subscriptions		465		465
Sundry expenses		3,267		3,267
Advertising		363		363
Bank charges		93		93
Depreciation ofinstruments		2,126		2,126
(Profit)/loss on disposal oftangible	fixed assets	(3,000)		(3,000)
		98,512	1,891	100,403

					Unrestricted
					funds	Total		Total
					General	2023		2022
								f.
Independent	examiner		fees
Examination		ofthe	financial	statements	732		732	714
Other fees	paid to examiners				959		959	854
Legal fees					5,459	5,459		5,000
					7,150	7,	150	6,568

11 Staffcosts The aggregate payroll costs were as follows:
	2023	2022
Staffcosts during the year were:
Wages and salaries	23,814	2],642
Pension costs	879	777
	24,693	22,419

2023	2022
No	No

12 Independent exa	miner's	remuneration
			2023		2022
Examination ofthe financial		statements		732		714
Other fees to examiners
All other tax advisory	services			720		720
All other services				239		134
				959		854

14 Tangible fixed assets
	Furniture and
	eqmpment	Total
Cost
At 1 September 2022	21,307	21,307
At 31 August 2023	21,307	21,307
Depreciation
At 1 September 2022	11,937	11,937
Charge for the year	2,160	2,160
At 31August 2023	14,097	14,097
Net book value
At 31August 2023	7.210	7,210
At 31August 2022	9,370	9,370

15 Fixed asset investments
		2023	2022
Other investments		201,313	221,762
Other investments
	Listed
	investments	Cash deposits	Total
Cost or Valuation
At 1 September 2022	216,384	5,378	221,762
Revaluation	(2,682)		(2,682)
Additions	71,729	87,777	159,506
Disposals	(89,196)	(88,077)	(177,273)
At 31 August 2023	196,235	5,078	201,313
Net book value
At 31August 2023	196,235	5,078	201,313
At 31 August 2022	216,384	5,378	221,762
16 Debtors
		2023	2022
Prepayments		214	358
Other debtors		430	153
		644	511
17 Cash and cash equivalents
		2023	2022
Cash at bank		8,727	11,688

18 Creditors: amounts falling	18 Creditors: amounts falling	due within one year
			2023	2022
Accruals			1,649	1,547
Deferred	income			1,300
			1,649	2,847
			2023	2022
Deferred	income at 1 September	2022	1,300
Resources	deferred in the period			1,300
Amounts	released from previous	periods	(1,300)
Deferred	income at year end			1,300

20 Funds
			Balance at I				Other
			September	Incoming	Resources		recognised		Balance at31
			2022f	resources f	expended	Transfers f	garne/(losses) f		August 2023 f
Unrestricted	funds
General
Income fund			8,959	137,776	(157,914)	231,525		(4,101)	216,245
Restricted funds
Bursary Fund			449		(449)
The Needham Fund Peter Horril Scholarship Total restricted funds			228,319 2,757 231,525		~[2,757 ~3.2D6)	(228,319) ~228,3f9
Total funds			240,484	137,776	(161,120)	3,206		(4,101)	216,245

		Notes to	the Financial Statements for the Yea	r Ended 31A	ugust 2023
			Balance at I			Other
			September	Incoming	Resources	I'ecoglllsed	Balance at31
			2021	resources f	expended f	gains/(losses)	August 2022
Unrestricted	funds
General
Income fund			27,768	86,271	(105,080)		8,959
Restricted
Bursary Fund			449				449
The Needham		Fund	246,905	4,334	(3,527)	(19,393)	228,319
Peter Horril Scholarship Total restricted funds			2,757 250,111	4!)4	~(3,527	~tl9, 'l9.	2,757 2IL525
Total funds			277,879	90,605	(108607)	(19393)	240,484

			Unrestricted	Total funds at
			funds	31August
			General	2023
Tangible	fixed assets		7,210	7„210
Fixed asset investments			201,313	201,313
Current	assets		9,371	9,371
Current	liabilities		(1,649)	(1,649)
Total net assets			216,245	216,245
		Unrestricted		Total funds at
		funds	Restricted	31August
		General	funds	2022
Tangible	fixed assets	9,370		9,370
Fixed asset investments			221,762	221,762
Current	assets	2,436	9,763	12,199
Current	liabilities	(2„847)		(2,847)
Total net assets		8,959	231,525	240,484