Company number: 09736878 (England and Wales)
Foden's Band
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 December 2020
Foden's Band Contents Page For the year ended 31 December 2020
| Report of the Trustees | 1 |
|---|---|
| Independent Examiner's Report to the Trustees | 2 |
| Statement of Financial Activities | 3 |
| Statement of Financial Position | 4 |
| Notes to the Financial Statements | 5 to 10 |
| Detailed Statement of Financial Activities | 11 to 12 |
Foden's Band Report of the Trustees
For the year ended 31 December 2020
The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the year ended 31 December 2020. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity Foden's Band Company registration number 09736878 Principal address 46 Newtons Crescent Winterley Sandbach Cheshire CW11 4TS
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Mr Chris Finnigan Mark Greaves Alison Graham Gill Merry Robin Basu Secretary Mark Wilkinson Independent examiners David Nugent & Co Limited The Counting House 4A Moss Lane Swinton Manchester M27 9SA
Approved by the Board of Trustees and signed on its behalf by
09 September 2021
Mark Wilkinson.............................................................................
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Foden's Band Independent Examiners Report to the Trustees For the year ended 31 December 2020
I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 December 2020.
Responsibilities and basis of report
As the charity Trustees, who are also directors for the purposes of company law, are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiners statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
David Nugent FCCA David Nugent & Co Limited The Counting House 4A Moss Lane
Swinton Manchester M27 9SA
09 September 2021
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Foden's Band
Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 December 2020
| Notes Income and endowments from: Donations and legacies 2 Investments 3 Total Expenditure on: Charitable activities 4/5 Total Net income Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 108,499 516 |
2019 £ 227,080 - |
|---|---|---|
| 109,015 | 227,080 | |
| (89,309) | (172,732) | |
| (89,309) | (172,732) | |
| 19,706 153,054 |
54,348 98,706 |
|
| 172,760 | 153,054 |
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Registered Number : 09736878
Foden's Band Statement of Financial Position As at 31 December 2020
| Notes Fixed assets Tangible assets 11 Investments 12/13 Current assets 14 Debtors Cash at bank and in hand Creditors: amounts falling due within one year 15 Net current assets Total assets less current liabilities Net assets The funds of the charity Unrestricted income funds 16 Total funds |
£ 2020 46,438 40,992 |
£ 2019 48,882 40,992 |
|---|---|---|
| 87,430 | 89,874 | |
| 647 91,591 |
360 63,507 |
|
| 92,238 | 63,867 | |
| (6,908) 85,330 |
(687) 63,180 |
|
| 172,760 | 153,054 | |
| 172,760 | 153,054 | |
| 172,760 | 153,054 | |
| 172,760 | 153,054 |
For the year ended 31 December 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
The financial statement were approved and authorised for issue by the Board and signed on its behalf by:
Robin Basu Trustee 09 September 2021
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Foden's Band Notes to the Financial Statements
For the year ended 31 December 2020
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006.
Foden's Band meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Going concern
2. Income from donations and legacies
| ncome from donations and legacies | ||
|---|---|---|
| 2020 | 2019 | |
| £ | £ | |
| Unrestricted funds | ||
| Donations received | 32,923 | 132,909 |
| Legacies received | 12,443 | 55,905 |
| Grants received | 49,840 | 17,942 |
| Gifts in kind | 12,284 | 9,880 |
| Donated goods and services | 1,009 | 10,444 |
| 108,499 | 227,080 | |
| nvestment income | ||
| 2020 | 2019 | |
| £ | £ | |
| Unrestricted funds | ||
| Income from listed investments | 516 | - |
| 516 | - |
3. Investment income
4. Costs of charitable activities by fund type
| Unrestricted funds Activity 1 Support costs |
2019 2020 £ £ 70,158 40,633 102,574 48,676 172,732 89,309 |
|---|---|
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Foden's Band Notes to the Financial Statements Continued For the year ended 31 December 2020
5. Costs of charitable activities by activity type
| osts of charitable activities by activity type | |
|---|---|
| 2020 Support costs Activities undertaken directly £ £ £ Support costs Activity 1 56,495 15,862 40,633 Activity 2 32,814 32,814 - 40,633 48,676 89,309 |
2019 £ 99,787 72,945 |
| 172,732 |
6. Analysis of support costs
| Other office costs Legal fees Insurance Subscriptions & registration fees Hall Hire Cd's & Music Equip Repairs Accountancy |
Activity 2 Activity 1 £ £ 14,024 - - 2,444 - 1,733 - 289 1,838 15,154 - 5,674 - 6,090 - 1,430 15,862 32,814 |
2020 £ 14,024 2,444 1,733 289 16,992 5,674 6,090 1,430 |
2019 £ 15,221 2,573 1,390 1,957 68,522 6,537 4,824 1,550 |
|---|---|---|---|
| 48,676 | 102,574 |
7. Net income/(expenditure) for the year
This is stated after charging/(crediting):
Depreciation of owned fixed assets
2020 2019 £ £ 2,444 2,573
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Foden's Band Notes to the Financial Statements Continued
For the year ended 31 December 2020
8. Staff costs and emoluments
Total staff costs for the year ended 31 December 2020 were:
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Salaries and wages | 40,633 | 70,158 |
| 40,633 | 70,158 | |
| 2020 | 2019 | |
| Support Staff | 1 | |
| - | 1 |
9. Trustee remuneration and related party transactions
During the year, a number of transactions have taken place between the charity and the trustees and senior management team. The trustees consider thatm in certain circumstances, it is in the interests of the charity for the trustees to use the services of the charity's social enterprises rather than use alternative suppliers.
During the year, sales of £0 were made by the subsidiary to the trustees/senior management in this respect. At the year end £0 was outstanding.
10. Comparative for the Statement of Financial Activities
The comparative year values on the Statement of Financial Activites are for unrestricted funds.
11. Tangible fixed assets
| Cost or valuation At 01 January 2020 At 31 December 2020 Depreciation At 01 January 2020 Charge for year At 31 December 2020 Net book values At 31 December 2020 At 31 December 2019 |
Instrument's £ 54,163 |
|---|---|
| 54,163 | |
| 5,281 2,444 |
|
| 7,725 | |
| 46,438 | |
| 48,882 |
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Foden's Band Notes to the Financial Statements Continued For the year ended 31 December 2020
Investments
12. Analysis of movement of commercial investments
| Market value at 01 January 2020 Market value at 31 December 2020 Analysis of investments between funds as at year ended 31 December 2020 Unrestricted funds Listed investments Debtors Amounts due within one year: Trade debtors Other debtors Creditors: amounts falling due within one year Trade creditors Other creditors Accruals and deferred income |
Listed investments £ 40,992 40,992 2019 2020 £ £ 40,992 40,992 40,992 40,992 2020 2019 £ £ - 360 647 - 647 360 2020 2019 £ £ 48 - - 687 6,860 - 6,908 687 |
|---|---|
13. Analysis of investments between funds as at year ended 31 December 2020
14. Debtors
15. Creditors: amounts falling due within one year
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Foden's Band Notes to the Financial Statements Continued
For the year ended 31 December 2020
16. Movement in funds
Unrestricted Funds
| General General Unrestricted Funds - Previous year General General |
Balance at 01/01/2020 Incoming resources Outgoing resources Balance at 31/12/2020 £ £ £ £ 153,054 109,015 (89,309) 172,760 153,054 109,015 (89,309) 172,760 Balance at 01/01/2019 Incoming resources Outgoing resources Balance at 31/12/2019 £ £ £ £ 98,706 227,080 (172,732) 153,054 98,706 227,080 (172,732) 153,054 |
|---|---|
Purpose of unrestricted Funds
General
THE OBJECTS OF THE ASSOCIATION ARE TO EDUCATE THE PUBLIC IN THE MUSICAL ARTS AND IN PARTICULAR THE ART OF BRASS BAND PLAYING AND TO FURTHER THE DEVELOPMENT OF PUBLIC APPRECIATION AND TASTE IN THE SAID ART BY THE PERFORMANCE OF CONCERTS AND OTHER ACTIVITIES.
17. Analysis of net assets between funds
| Unrestricted funds General General |
Tangible fixed assets Investments Net current assets / (liabilities) Net Assets £ £ £ £ 46,438 40,992 85,330 172,760 |
|---|---|
| 46,438 40,992 85,330 172,760 |
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Foden's Band Notes to the Financial Statements Continued For the year ended 31 December 2020
| Previous year Unrestricted funds General General |
Tangible fixed assets Investments Net current assets / (liabilities) Net Assets £ £ £ £ 48,882 40,992 63,180 153,054 |
|---|---|
| 48,882 40,992 63,180 153,054 |
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Foden's Band Detailed Statement of Financial Activities For the year ended 31 December 2020
| INCOME AND ENDOWMENT Donations and legacies Donations Concerts Grants receivable Gift Aid Prize Money & CD Sales Investments Income from listed investments Total incoming resources EXPENDITURE Charitable activities Cost of direct charitable activity (Activity 1) SUPPORT COSTS Other office costs Other office costs (Activity 1) Administration fees Depreciation (Activity 2) Insurance Insurance (Activity 2) Subscriptions & registration fees Subscriptions & registration fees (Activity 2) Hall Hire Hall Hire (Activity 1) Travel Expense Cd's & Music Cd's & Music (Activity 2) Equip Repairs Equip Repairs (Activity 1) Sundry Expense Accountancy Accountancy (Activity 2) |
£ 2020 32,923 12,443 49,840 12,284 1,009 108,499 516 516 |
£ 2019 132,909 55,905 17,942 9,880 10,444 |
|---|---|---|
| 227,080 - |
||
| - | ||
| 109,015 (40,633) (40,633) (14,024) (14,024) (2,444) (2,444) (1,733) (1,733) (289) (289) (1,838) (15,154) (16,992) (5,674) (5,674) - (6,090) (6,090) (1,430) |
227,080 (70,158) |
|
| (70,158) (15,221) |
||
| (15,221) (2,573) |
||
| (2,573) (1,390) |
||
| (1,390) (1,957) |
||
| (1,957) (13,851) (54,671) |
||
| (68,522) (6,537) |
||
| (6,537) (557) (4,267) |
||
| (4,824) (1,550) |
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This page does not form part of the statutory financial statements
Foden's Band Detailed Statement of Financial Activities Continued For the year ended 31 December 2020
| Total resources expended Net Income |
(1,430) | (1,550) |
|---|---|---|
| (89,309) | (172,732) | |
| 19,706 | 54,348 |
12 of 12 This page does not form part of the statutory financial statements