Trustees’ Annual Report for the period
From 2-APR-2022 To 1-APR-2023
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. As a result, the trustees are planning to disperse the funds to a charity with an overlapping but broader remit, which should be able to put them to better use. This charity would then be dissolved. |
| 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 | The activities supported by volunteers remain on hiatus and not expected to resume. The trustees intend to dissolve the charity. |
| 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. The change of arrangements post-Covid has made the previous support activities unviable. The trustees are intending to disperse the funds to a charity with an overlapping but broader remit, and then closing the charity down. |
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 uncertainty about whether supported activities would resume in a viable way for the charity. |
Para 1.41 Investment performance against objectives 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 is likely to be difficult to spend. The trustees are intending to disperse the funds to a similar local charityand dissolve. |
| Amount of reserves held | Para 1.22 | No reserves required. |
| 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 (if any) |
|---|---|---|---|---|
| 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 trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
| Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date |
||
|---|---|---|
| Paul L’Allier | ||
Chair |
||
| 31-JAN-2024 | ||
| 31-JAN-2024 |
Friends of Isca Linea Symphonia Charity Number 1163019
Financial report for the period Apr 22 to Mar 23
This is the seventh 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 profit of £25. 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. We received £25 of donations.
Profit and Loss Report From Date 0110412022 To Date 3110312023 2021-2022 2022-2023 Sales Donation T-shirt Tea & Coffee Tuck Shop 65.00 0.00 0.00 0.00 65.00 25.00 25.00 nses Music Costs T-shirts Tea & Coffee Tuck Shop Gwent Music IHistorical Debt) HMRC Corp Tax Fine 0.00 0.00 0.00 0.00 0.00 loo.00 100.00 0.00 Gross [Profit/Loss] -35.00 25.00 General Expenses Marketing (Logo) 0.00 0.00 0.00 0.00 Net [Profit/Loss] -35.00 25.00
Balance Sheet Report Date 31/0312023 Fixed Assets 0.00 Current Assets Cash at Bank Cash in Hand 10,156.82 49.69 10,181.82 49.69 10,231.51 10,206.51 Total Assets 10,206.51 10,231.51 Total Liabilities 0.00 0.00 Net Assets 10,206.51 10,231.51 Total Equity 10,206.51 10,231.51