| At 31stDecembe | r the Society held the | following reserve |
|---|---|---|
| Unrestricted free |
reserves | 111,571 |
| Designated funds: |
||
| Development | project fund | 20,000 |
| Property fund |
180,000 | |
| Total unrestricted | reserves | 311,571 |
| STATEMENT OF FINANCIAL ACTIVITI | ES | ||
|---|---|---|---|
| Unrestricted | Unrestricted | ||
| 2021 | 2020 | ||
| Note | |||
| INCOME: | |||
| Voluntary income |
|||
| Subscriptions | 6,796 | 6,233 | |
| Donations (including Gift Aid) |
4,002 | 3,624 | |
| Charitable activities |
|||
| Sales and lending ofmusic | 4,168 | 2,338 | |
| AGM | 1,854 | 124 | |
| Other income | |||
| Miscellaneous income |
906 | 280 | |
| Investment income |
470 | 874 | |
| Grants received - COVID-19 | 24,143 | 27,00(1 | |
| TOTAL INCOME | 42,339 | 40,473 | |
| EXPENDITURE: | |||
| Charitable activities |
56499 | 47,664 | |
| TOTAL EXPENDITURE | 56,299 | 47,664 | |
| NET EXPENDITURE BEFORE GAINS | |||
| ON INVESTMENTS | (13,960) | (7191) | |
| NET GAINS ON INVESTMENTS | 20,279 | 21,791 | |
| NET MOVEMENT IN FUNDS | 6,319 | 14,600 | |
| RECONCILIATION OF FUNDS |
|||
| Total funds at 31stDecember 2020 | 305,252 | 290,652 | |
| Total funds at 31stDecember 2021 | 311,571 | 305,252 |
| BALANCE SHEET | |||||
|---|---|---|---|---|---|
| As at | As at | ||||
| 31stDecember 2021 | 31stDecember | 2020 | |||
| f, | |||||
| FIXEDASSETS | |||||
| Investments | 260,463 | 252,690 | |||
| CURIIENT ASSETS | |||||
| Debtors: amounts gdfing due |
230 | ||||
| within one year Cash in bank and in hand |
56,581 | 55,715 | |||
| TOTAL CURRENT ASSETS | 56,811 | 55,715 | |||
| LIABILITIBS | |||||
| Creditors: amounts falling due within one year |
5,703 | 3,153 | |||
| Net Current Assets | 51,108 | 52462 | |||
| TOTAL NET ASSETS | 311,571 | 30V52 | |||
| THE FUNDS OF THE SOCIETY | |||||
| Unrestricted Income funds |
311,571 | 305,252 | |||
| The fmsncial statements were approved by the Trustees on |
4 | ~4~~ | QC | Q-2. | |
| and signed on their behalf. | |||||
| TRACEY JOHNSON | |||||
| TRUSTEE | |||||
| The notes on pages 7and 9 form part ofthese financial statements. |
| CHARITABLE ACTIVITIES | CHARITABLE ACTIVITIES | CHARITABLE ACTIVITIES | CHARITABLE ACTIVITIES | 2021 | 2020 |
|---|---|---|---|---|---|
| DIRECT COSTS | |||||
| Library costs | 10,585 | 10,467 | |||
| Rent | 15,000 | 15,000 | |||
| Other premises costs |
5,889 | 6,500 | |||
| AGM | 2,747 | 57 | |||
| Magazine | 7,934 | 7,017 | |||
| Printing | 1,419 | 1,659 | |||
| Postage | 2,160 | 2,110 | |||
| Professional | fees | 3,740 | |||
| 49,474 | 42,810 | ||||
| SUPPORT | COSTS | ||||
| Computer | 1,096 | 518 | |||
| Stationery | 1,119 | 458 | |||
| Relocation | costs | 80 | |||
| Miscellaneous | 912 | 650 | |||
| Gifts | 30 | 28 | |||
| Investment | management | fees | 2,973 | 2,465 | |
| 6,130 | 4,199 | ||||
| GOVERNANCE | COSTS | ||||
| Independent | Examiners | Fee | 695 | 655 | |
| TOTAL CHARITABLE | COSTS | 56,299 | 47,664 |
| 2021 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|
| S | Glossop | f6,235 | f7,410 | - | secretarial work, magazine, |
office administration | and facilities | |
| management | ||||||||
| H | Ashton | 634 | f2,013 | - | oflice administration | |||
| D | Adams | K3,160 | f5,440 | - | magazine and website |
|||
| A | Webb | f264 | - | otiice administration | and music expenses | |||
| D | Greenhalgh | f125 | - | - | ofgce administration | and music expenses |
| NOTES | TO THE FINANCIAL STATEMENTS | ||
|---|---|---|---|
| 4 | INVESTMENTS | 2021 | 2020 |
| Market value at 1st Ianuary 2021 | 247,755 | 227,958 | |
| Additions | 197,787 | 177,158 | |
| Disposals Realised Gains |
(212,862) 11,307 |
(179152) 2,999 |
|
| Unrealised Gains |
8,972 | 18,792 | |
| Market value at 31st December 2021 | 252,959 | 247,755 | |
| Capital Account | 7,504 | 4,935 | |
| TOTAL INVESTMENTS AT 31STDECEMBER 2021 | 260,463 | 252,690 | |
| Historical cost at 31st December 2021 | 235,771 | 222,573 | |
| 5. | DEBTORS - DUE WITHIN ONE YEAR | 2021 f |
2020 |
| Prepayments | 230 | ||
| CREDITORS - DUE WITHIN ONE YEAR | 2021 | 2020 | |
| f, | |||
| Accruals and deferred income |
5,703 | 3,153 | |
| STATEMENT OF FUNDS -2021 | |||
| UNRESTRICTED INCOME FUNDS: |
| b/fwd | c/fwd | ||||||
|---|---|---|---|---|---|---|---|
| 1st lanuary | Gains on 31st | December | |||||
| 2021 | Income | Expenditure | Investments | 2021 | |||
| f, | f, | ||||||
| General unrestricted | 105,252 | 42,339 | 56,299 | 20,279 | 111,571 | ||
| Designated | -Project —Property |
fund fund |
20,000 180,000 |
20,000 180,000 |
|||
| Total funds | 305,252 | 42,339 | 56,299 | 20,279 | 311,571 |
| b/fwd | c/fwd | |||||||
|---|---|---|---|---|---|---|---|---|
| 1st January | Gains on | 31st | December | |||||
| 2020 | Income | Expenditure | Investments | Transfers | 2020 | |||
| General unrestricted | 290,652 | 40,473 | 47,664 | 21,791 | (200,000) | 105,252 | ||
| Designated | -Project -Property |
fund fund |
20,000 180,000 |
20,000 180,000 |
||||
| Total funds | 290,652 | 40,473 | 47,664 | 21,791 | 305,252 |