2022-04-01-accounts

Trustees’ Annual Report for the period

From 2-APR-2021 To 1-APR-2022

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. Post-Covid, the format of rehearsals has changed and the way the charity previous supported these isn’t currently viable. The trustees had envisaged that they would revert to the previous format, but this now seems unlikely. Performances are starting to return, and opportunities to support these are likely to increase again. The trustees are considering alternative ways the charity can support the public benefit, and is not currentlyfundraising.
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 reviewgrant-makingoptions 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	The activities supported by volunteers remain on hiatus for the time being.
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, pre-Covid, 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, while rehearsals have re-started, post-Covid-19, the current format doesn’t map well with the support the charity was previously providing – this is being reassessed by the trustees.

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, primarily from one of the trustees.

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

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Friends of Isca Linea Symphonia Charity Number 1163019

Financial report for the period Apr 21 to Mar 22

This is the sixth 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 £35. This was due to COVID-19 pandemic causing all rehearsals to cease which prevented any profits from tuck shop and tea & coffee sales. When rehearsals reconvened, a change of venue and arrangements also ceased sales of tuck shop and tea/coffee. There was also a HMRC Corporation Tax fine to pay.

We had £65 of donations.

Profit and Loss Report

From Date 01/04/2021 To Date 31/03/2022

		2020-2021	2021-2022
	Sales	£	£2
	Donation	56.11	65.00
	T-shirt	0.00	0.00
	Tea & Coffee	0.00	0.00
	Tuck Shop	0.00	0.00
		56.11	65.00
	Direct Expenses	£	£
	Music Costs	0.00	0.00
	T-shirts	0.00	0.00
	Tea & Coffee	0.00	0.00
	Tuck Shop	0.00	0.00
	Gwent Music(Historical Debt)	0.00	0.00
	HMRC CorpTax Fine	100.00	100.00
		100.00	100.00
	Gross[Profit/Loss]	-43.89	-35.00
	Overheads	£
	General Expenses Marketing (Logo)
	Net[Profit/Loss]	-93.89	-35.00

Balance Sheet Report

Balance Sheet Report
Date 31/03/2022
Fixed Assets	2020 - 2021 2021 - 2022 £ £
	2020 - 2021	2021 - 2022
	£	£

		0.00	0.00
	Current Assets
	Cash at Bank Cash in Hand	10,191.82	10,156.82
		49.69	49.69
		10,241.51	10,206.51
	Total Assets
	Liabilities	£
	Total Liabilities	0.00
	Net Assets Total Equity