## **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
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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** $w*d on b•h•ll ol th• 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||||