| CONTENTS: | PAGE: | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Trustees Report | 1-3 | |||||||||
| Independent | Examiners | Report | ||||||||
| Statement of | Financial | Activities | ||||||||
| Balance Sheet | ||||||||||
| Notes to the Financial | Statements | 7-9 | ||||||||
| TRUSTEES: | Hilary Ashton (Chair) |
|||||||||
| Peter Moody (resigned | 8th October 2022) | |||||||||
| Jan Menthe | ||||||||||
| Tracey Johnson (Treasurer) | ||||||||||
| Howard Rogerson | ||||||||||
| Alex Webb (resigned 27th July 2022) | ||||||||||
| David Greenhalgh | ||||||||||
| Catherine Tackley (appointed |
8th October 2022) | |||||||||
| James Cooke (appointed | 8th | October | 2022) | |||||||
| Christopher Browne (appointed |
8th October 2022) | |||||||||
| Paul Witkiewicz | (appointed | 8th October 2022) | ||||||||
| CHARITY OI I'ICES: | Magna House | |||||||||
| Main Street | ||||||||||
| Long Preston | ||||||||||
| North Yorkshire | ||||||||||
| BD23 4ND | ||||||||||
| CHARITY REGISTRATION NUMBER; | 1158472 | |||||||||
| INDEPENDENT | EXAMIN ER; | lan W Shipley FCCA | ||||||||
| For and on behalf of: | ||||||||||
| Prentis &Co LLP | ||||||||||
| Chartered Accountants |
&Independent | Examiners | ||||||||
| 115cMilton Road | ||||||||||
| Cambridge | ||||||||||
| CB4 IXE | ||||||||||
| BANKERS: | Co-Operative Bank Pic |
|||||||||
| I Balloon Street | ||||||||||
| Manchester | ||||||||||
| M60 4EP | ||||||||||
| Skipton Building | Society | |||||||||
| 99Fishergate | ||||||||||
| Preston | ||||||||||
| PR1 2AE |
| RESERVES | RESERVES | ||
|---|---|---|---|
| At 31stDecember the Society held the | following reserves as shown | in Note 7: | |
| Unrestricted free |
reserves | 49,574 | |
| Designated funds: |
|||
| Development | project fund | 20,000 | |
| Property fund |
180,000 | ||
| Restricted funds |
1,750 | ||
| Total eserves | 251,324 |
| STATEMENT OF FINANCIAL A | CTIVITIES | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Unrestricted | ||||
| 2022 | 2022 | 2022 | 2021 | ||||
| Note | |||||||
| INCOME: | |||||||
| Voluntary income |
|||||||
| Subscriptions | 8,754 | 8,754 | 6,796 | ||||
| Donations (including Gift Aid) |
3,590 | 3,590 | 4,002 | ||||
| Charitable activities |
|||||||
| Sales and lending ofmusic | 8,699 | 8,699 | 4,168 | ||||
| AGM | 520 | 520 | 1,854 | ||||
| Concert | 2,369 | 2,369 | |||||
| Other incorae | |||||||
| Miscellaneous income |
1,155 | 1,155 | 906 | ||||
| Investment income |
4,403 | 4,403 | 470 | ||||
| Grants received - COVID-19 | 24,143 | ||||||
| - Other | 1,750 | 1,750 | |||||
| TOTAL INCOME | 29,490 | 1,750 | 31,240 | 42,339 | |||
| EXPENDITURE; | |||||||
| Charitable activities |
2 | 56,867 | 56,867 | 56,299 | |||
| TOTAL EXPENDITURE | 56,867 | 56,867 | 56,299 | ||||
| NET INCOME/(EXPENDITURE) | BEFORE | (LOSSES)/GAINS | |||||
| ON INVESTMENTS | (27,377) | 1,750 | (25,627) | (13,960) | |||
| NET (LOSSES)/GAINS ON INVESTMENTS | 4 | (34,620) | - | (34,620) | 20,279 | ||
| NET MOVEMENT IN FUNDS | (61,997) | 1,750 | (60,247) | 6,319 | |||
| RECONCILIATION OF FUNDS |
|||||||
| Total funds at 31stDecember 2021 | 311,571 | 311,571 | 305,252 | ||||
| Total funds at 31stDecember 2022 |
249,574 | ],750 | 251,324 | 311,571 |
| BALANCE SHEET | ||||
|---|---|---|---|---|
| As at | As at | |||
| 31stDecember 2022 | 31stDecember | 2021 | ||
| Notes | ||||
| FIXEDASSETS | ||||
| Investments ~TASSETS |
182,837 | 260,463 | ||
| Debtors: amounts falling due |
||||
| within one year | 1,050 | 230 | ||
| Cash in bank and in hand | 71,854 | 56,581 | ||
| TOTAL CURRENT ASSETS | 72,904 | 56,811 | ||
| LIABILITIES | ||||
| Creditors; amounts falling due |
||||
| within one year | 4,417 | 5,703 | ||
| Net Current Assets | 68,487 | 51,108 | ||
| TOTAL NET ASSETS | 25],324 | 311,571 | ||
| THE FUNDS OF THE SOCIETY | ||||
| Restricted income funds | 1,750 | |||
| Unrestricted income funds |
249,574 | 311,571 | ||
| TOTALFUNDS | 251,324 | 311,571 |
| THE FINANCIAL STATEMENTS | THE FINANCIAL STATEMENTS | ||
|---|---|---|---|
| CHARITABLE ACTIVITIES | 2022 | 2021 | |
| DIRECT COSTS | |||
| Library and membership |
administration | 13,350 | 10,585 |
| Rent | 15,000 | 15,000 | |
| Other premises costs | 5,238 | 5,889 | |
| AGM | 352 | 2,747 | |
| Concert | 2,838 | ||
| Magazine and newsletter |
production | 9,211 | 7,934 |
| Printing | 1,646 | 1,419 | |
| Postage | 2,531 | 2,160 | |
| Professional fees |
168 | 3,740 | |
| 50,334 | 49,474 | ||
| SUPPORT COSTS | |||
| Computer and telephone |
1,006 | 1,096 | |
| Stationery | 1,268 | 1,119 | |
| Miscellaneous | 1,113 | 912 | |
| Gifts | 30 | ||
| Investment management |
fees | 2,358 | 2,973 |
| 5,745 | 6,130 | ||
| GOVERNANCE COSTS |
|||
| Independent Examiners |
Fee | 788 | 695 |
| TOTAL CHARITABLE | COSTS | 56,867 | 56,299 |
| to the offlce or work | done in the ro | le of truste | e. | |||
|---|---|---|---|---|---|---|
| 2022 | 2021 | lorn | ||||
| SGlossop | RO | 66,235 | - secretarial work, magazine, |
office administration | and facilities | |
| management | ||||||
| H Ashton | 8123 | f34 | —travel | |||
| D Adams | f0 | f3,160 | - magazine and website |
|||
| A Webb | 6191 | f264 | - conductor expenses |
|||
| D Greenhalgh | KO | K125 | - oflice administration | and music expenses | ||
| 3 Menthe | f73 | 60 | - travel |
| THE FINANCIAL ST | ATEMENTS | |||||
|---|---|---|---|---|---|---|
| INVESTMENTS | 2022 | 2021 | ||||
| Market value at 1st January 2022 | 252,959 | 247,755 | ||||
| Additions | 265,444 | 197,787 | ||||
| Disposals | (307,095) | (212,862) | ||||
| Realised (Losses)/gains | (27,356) | 11,307 | ||||
| Unrealised (Losses)/gains |
(7,264) | 8,972 | ||||
| Market value at 31stDecember 2022 | 176,688 | 252,959 | ||||
| Capital Account | 6,149 | 7,504 | ||||
| TOTAL INVESTMENTS AT 31STDECEMBER 2022 | 182,837 | 260,463 | ||||
| Historical cost at 31st | December 2022 | 180,004 | 235,771 | |||
| DEBTORS - DUE WITHIN ONE YEAR | 2022 | 2021 | ||||
| Prepayments | 1,050 | 230 | ||||
| CREDITORS - DUE | WITHIN ONE YEAR | 2022 | 2021 | |||
| Accruals and deferred |
income | 4,417 | 5,703 | |||
| STATEMENT OF FUNDS - 2022 | ||||||
| b/fwd | c/fwd | |||||
| 1st January | Losses on 31st | December | ||||
| 2022 | Income | Expenditure | Investments | 2022 | ||
| Restricted funds |
1,750 | 1,750 | ||||
| General unrestricted | 11],571 | 29,490 | (56,867) | (34,620) | 49,574 | |
| Designated -Project fund |
20,000 | 20,000 | ||||
| -Property | Rnd | 180,000 | 180,000 | |||
| Total funds | 311,571 | 31,240 | (56,867) | (34,620) | 251,324 |