Trustees’ Annual Report for the period
From 2-APR-2020 To 1-APR-2021
Charity name: Friends of Isca Linea Symphonia
Charity registration number: 1163019
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governingdocument |
Para 1.17 | The object of the charity is to further the musical education of young people for the public benefit. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
Supporting rehearsal and performance by the orchestra; purchasing instruments, music and equipment beneficial to the same; and providing financial assistance to those young people who would otherwise be unable to participate. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The trustees have considered the guidance, consider that the charity current meets the requirements, and continue to consider opportunities to enhance the public benefit. |
Additional information (optional) You may choose to include further statements where relevant about:
| SORP reference | ||
|---|---|---|
| Policy on grant making | Para 1.38 | The charity has a policy of providing grants to cover orchestra fees of those otherwise unable to attend. However, in recent years this has been in low demand and the trustees are likely to review grant-making options once the charities normal activities resume after Covid- 19, with a view to expanding the numbers of beneficiaries.. |
| Policy on social investment including program related investment |
Para 1.38 | |
| Contribution made by volunteers |
Para 1.38 |
Other
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | In a normal year, the charity supports orchestra rehearsal: providing refreshments for participant and selling near-cost t-shirts for performances. It is also able to provide financial assistance to participants otherwise unable to afford the orchestra fees and purchases of instruments, music, equipment and subsidised performance and travel costs for concerts. However, with Covid-19, rehearsals were suspended for the entire financial year and the charity was essentially dormant. |
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | |
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | No fundraising was performed this year, due to Covid. A small amount was received from regular monthly donations. |
| Investment performance against objectives |
Para 1.41 | |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The charity has built up a health balance, in comparison to recent outgoings. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | No specific policy, though the trustees feel that the charity is holding more in balance than is strictly necessary and are likely to aim to reduce this balance by expenditure on activities furthering the aims of the charity once activities resume. |
| Amount of reserves held | Para 1.22 | No reserves required – but holding sufficient balance to cover the costs of concerts ahead of ticket sales is advantageous. |
| Reasons for holding zero reserves |
Para 1.22 | The charity has no fixed operating costs and is, therefore, not at risk of insolvency. The trustees will not authorise spending of funds not alreadyinpossession of the charity. |
| Details of fund materially in deficit |
Para 1.24 | None. |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | No concerns. |
Additional information (optional) You may choose to include further statements where relevant about:
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | |
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Constitution adopted on 13.07.15 |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | CIO |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Elected by existing trustees |
Additional information (optional) You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction Para 1.51 and training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other
Reference and Administrative details
| Charity name | Friends of Isca Linea Symphonia |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1163019 |
| Charity’s principal address | 12 Greenfield, Caerleon, Newport NP18 3DN |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole **year ** |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Nathan Stone | Other trustees | |||
| CarlyStone | Treasurer | Other trustees | ||
| Alan Waters | Other trustees | |||
| Paul L’Allier | Chair | Other trustees | ||
– Corporate trustees names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets None held in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
Type of Name Address adviser
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
N/A
Other optional information
Declarations The trustèes declar• that they have approv8d the Iru818es' raport above. Slgned on behalf ol the charlty's trusleo8 Slgnature{s) Full name(s) Paul L'Allier Posltlon (eg Se¢rntary• I Chair Chair, etc) Date 1-FEB-2022
Friends of Isca Linea Symphonia Charity Number 1163019
Financial report for the period Apr 20 to Mar 21
This is the fifth full year of Isca being registered as a charity. The previous year’s report has been added for comparison.
For the year in question the charity made a loss of £93.89. This was due to COVID-19 pandemic causing all rehearsals to cease which prevented any profits from tuck shop and tea & coffee sales. There was also a HMRC Corporation Tax fine to pay. Prior to music center closures we hired somebody to design a logo in order to help with rebrand, marketing and to create products to sell, this cost £50.
We had £56.11 of donations.
Profit and Loss Report
From Date 01/04/2020 To Date 31/03/2021
| 2019 - 2020 | 2020 - 2021 | ||
| Sales | £ | £2 | |
| Donation | 60.00 | 56.11 | |
| T-shirt | 254.40 | 0.00 | |
| Tea & Coffee | 39.54 | 0.00 | |
| Tuck Shop | 331.64 | 0.00 | |
| 685.58 | 56.11 | ||
| Direct Expenses | £ | £ | |
| Music Costs | 438.11 | 0.00 | |
| T-shirts | 165.60 | 0.00 | |
| Tea & Coffee | 2.89 | 0.00 | |
| Tuck Shop | 222.65 | 0.00 | |
| Gwent Music(Historical Debt) | 609.75 | 0.00 | |
| HMRC CorpTax Fine | 0.00 | 100.00 | |
| 1,439.00 | 100.00 | ||
| Gross[Profit/Loss] | -753.42 | -43.89 | |
| Overheads | £ | ||
| General Expenses Marketing (Logo) |
|||
| Net[Profit/Loss] | -753.42 | -93.89 | |
Balance Sheet Report
Date 31/03/2021
2019 - 2020 2020 - 2021
| Fixed Assets | £ | £ | ||
|---|---|---|---|---|
| 0.00 | 0.00 | |||
| Current Assets | ||||
| Cash at Bank Cash in Hand |
10,285.71 | 10,191.82 | ||
| 49.69 | 49.69 | |||
| 10,335.40 | 10,241.51 | |||
| Total Assets | ||||
| Liabilities | £ | |||
| Total Liabilities | 0.00 | |||
| Net Assets Total Equity |