Trustees’ Annual Report for the period
From 2-APR-2023 To 1-APR-2024
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 |
The orchestra group the charity supports was suspended for Covid and eventually merged into another group. Since this group already has a “friends” charity associated with it, the Friends of Isca Linea Symphonia has become redundant. The trustees are in the process of closing the charity and dispersing the assets (cash) to the other friends group, to be used to support the strings ensembles within that larger arrangement. |
| 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, this is now better achieved by distributing the funds to another charity which can better support the same aims. |
| 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 in the process of dispersing 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 or last, other than a small monthly donation from one of the trustees, due to uncertainty about whether supported activities would resume in a viable way for the charity. |
| 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 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 |
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 | Not participated in fund raising for several years. Not intending to restart. |
| 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 and training of trustees |
Para 1.51 | |
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | |
| 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 adviser Name Address |
Type of adviser Name Address |
Type of adviser Name Address |
|---|---|---|
| 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 |
||
| 03-FEB-2025 | ||
| 03-FEB-2025 |
Friends of Isca Linea Symphonia Charity Number 1163019
Financial report for the period Apr 23 to Mar 24
This is the eighth full year of Isca being registered as a charity. The previous year’s report has been added for comparison.
For the financial year in question, the charity did not generate any surplus. The charity has not performed any fundraising activity and the group we used to support does not exist in the same form as before Covid 19.
The trustees are in the processes of closing the charity down.
Profit and Loss Report From Date 0110412023 To Date 31103/2024 2022-2023 2023-2024 Sales Donation T-shirt Tea & Coffee Tuck Shop 25.00 0.00 0.00 0.00 25.00 0.00 ses Music Costs T-shirts Tea & Coffee Tuck Shop Gwent Music IHi5tori¢al Debtl HMRC Corp Tax Fine 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Gross IProfit/Lossl 25.00 0.00 Overheads General Expense5 Marketing ILogol 0.00 0.00 0.00 0.00 0.00 Net [Profit/Loss] 25.00 0.00
Balance Sheet Report Date 3110312024 2022-2023 2023-2024 Fixed Assets 0.00 Current Assets Cash at Bank Cash in Hand 10,181.82 49.69 10,181.82 49.69 10,231.51 10,231.51 Tota l Assets 10,231.51 10,231.51 Total Liabilities 0.00 0.00 Net Assets 10,231.51 10,231.51 Total Equity 10,231.51 10,231.51