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2021-12-31-accounts

Charity number: 1168556 Company number: 09736878

(England and Wales)

Foden's Band

Report of the Trustees and Unaudited Financial Statements

For the year ended 31 December 2021

Foden's Band Contents Page For the year ended 31 December 2021

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 2021

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 2021. 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 Charity registration number 1168556 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

............................................................................. 23 September 2022 Mark Wilkinson

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Independent Examiners Report to the Trustees

Foden's Band

For the year ended 31 December 2021

I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 December 2021.

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:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. 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

  4. 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

23 September 2022

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Foden's Band

Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 December 2021

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
£
117,356
1,018
118,374
(109,820)
(109,820)
8,554
172,760
181,314		 2020
£
108,499
516
109,015
(89,309)
(89,309)
19,706
153,054
172,760

3 of 12

Registered Number : 09736878

Foden's Band Statement of Financial Position

As at 31 December 2021

Notes 2021 2020
£ £
Fixed assets
Tangible assets 10 49,474 46,438
Investments 11/12 40,992 40,992
90,466 87,430
Current assets
Debtors 13 2,419 647
Cash at bank and in hand 89,131 91,591
91,550 92,238
Creditors: amounts falling due within one year 14 (702) (6,908)
Net current assets 90,848 85,330
Total assets less current liabilities 181,314 172,760
Net assets 181,314 172,760
The funds of the charity
Unrestricted income funds 15 181,314 172,760
Total funds 181,314 172,760

For the year ended 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The financial statements were approved and authorised for issue by the Board and signed on its behalf by:

Mr Chris Finnigan Trustee

23 September 2022

4 of 12

Foden's Band Notes to the Financial Statements

For the year ended 31 December 2021

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

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Instruments 5% Reducing balance Instrument's 5% Reducing balance Computer Equipment 15% Reducing balance

2. Income from donations and legacies

Unrestricted funds
Donations received
Legacies received
Grants received
Gifts in kind
Donated goods and services		 2020
2021
£
£
32,923
49,112
12,443
8,699
49,840
48,430
12,284
7,177
1,009
3,938
108,499
117,356

3. Investment income

Unrestricted funds
Income from listed investments		 2021
£
1,018
1,018		 2020
£
516
516

5 of 12

Foden's Band Notes to the Financial Statements Continued

For the year ended 31 December 2021

4. Costs of charitable activities by fund type

osts of charitable activities by fund type
2021 2020
£ £
Unrestricted funds
Activity 1 29,602 40,633
Support costs 80,218 48,676
109,820 89,309
osts of charitable activities by activity type
Activities Support 2021 2020
undertaken costs
directly
£ £ £ £
Support costs
Activity 1 29,602 27,275 56,877 56,495
Activity 2 - 52,943 52,943 32,814
29,602 80,218 109,820 89,309

5. Costs of charitable activities by activity type

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
£
£
27,275
-
-
2,740
-
1,045
-
1,398
-
29,340
-
10,603
-
6,359
-
1,458
27,275
52,943		 2021
£
27,275
2,740
1,045
1,398
29,340
10,603
6,359
1,458
80,218		 2020
£
14,024
2,444
1,733
289
16,992
5,674
6,090
1,430
48,676

Management & support costs, relate to the profit on disposal of assets, as a result of the insurance claim made.

6 of 12

Foden's Band Notes to the Financial Statements Continued

For the year ended 31 December 2021

7. Net income/(expenditure) for the year

This is stated after charging/(crediting):

2021 2020
£ £
Depreciation of owned fixed assets 2,740 2,444

8. Staff costs and emoluments

Total staff costs for the year ended 31 December 2021 were:

Salaries and wages
Support Staff		 2021
£
40,680
40,680
2021
0
0		 2020
£
40,633
40,633
2020
1
1

9. Comparative for the Statement of Financial Activities

The comparative year values on the Statement of Financial Activites are for unrestricted funds.

10. Tangible fixed assets

Instrument's Computer
Cost or valuation Equipment Total
£ £ £
At 01 January 2021 54,163 - 54,163
Additions 4,486 1,289 5,775
At 31 December 2021 58,649 1,289 59,938
Depreciation
At 01 January 2021 7,725 - 7,725
Charge for year 2,546 193 2,739
At 31 December 2021 10,271 193 10,464
Net book values
At 31 December 2021 48,378 1,096 49,474
At 31 December 2020 46,438 - 46,438

7 of 12

Foden's Band Notes to the Financial Statements Continued

For the year ended 31 December 2021

Investments

11. Analysis of movement of commercial investments

Market value at 01
January 2021
Market value at 31
December 2021		 Listed
investments
£
40,992
40,992

12. Analysis of investments between funds as at year ended 31 December 2021

Unrestricted funds
Listed investments
Debtors
Amounts due within one year:
Trade debtors
Other debtors
Creditors: amounts falling due within one year
Trade creditors
Accruals and deferred income		 2021
£
40,992
40,992
2021
£
203
2,216
2,419
2021
£
48
654
702		 2020
£
40,992
40,992
2020
£
-
647
647
2020
£
48
6,860
6,908

13. Debtors

14. Creditors: amounts falling due within one year

8 of 12

Notes to the Financial Statements Continued

Foden's Band

For the year ended 31 December 2021

15. Movement in funds

Unrestricted Funds

Unrestricted Funds
Balance at Incoming Outgoing Balance at
01/01/2021 resources resources 31/12/2021
£ £ £ £
General
General 172,760 118,374 (109,820) 181,314
172,760 118,374 (109,820) 181,314
Unrestricted Funds - Previous year
Balance at Incoming Outgoing Balance at
01/01/2020 resources resources 31/12/2020
£ £ £ £
General
General 153,054 109,015 (89,309) 172,760
153,054 109,015 (89,309) 172,760

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.

16. Analysis of net assets between funds

Tangible Investments Net current Net Assets
fixed assets assets /
(liabilities)
£ £ £ £
Unrestricted funds
General
General 49,474 40,992 90,848 181,314
49,474 40,992 90,848 181,314

9 of 12

Foden's Band

Notes to the Financial Statements Continued

For the year ended 31 December 2021

Previous year

Tangible Investments Net current Net Assets
fixed assets assets /
(liabilities)
£ £ £ £
Unrestricted funds
General
General 46,438 40,992 85,330 172,760
46,438 40,992 85,330 172,760

10 of 12

Foden's Band Detailed Statement of Financial Activities

For the year ended 31 December 2021

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)
Legal fees
Legal fees (Activity 2)
Insurance
Insurance (Activity 2)
Subscriptions & registration fees
Subscriptions & registration fees (Activity 2)
Hall Hire
Hall Hire (Activity 1)
Hall Hire (Activity 2)
Cd's & Music
Cd's & Music (Activity 2)
Equip Repairs
Equip Repairs (Activity 2)
Accountancy
Accountancy (Activity 2)		 £
2021
49,112
8,699
48,430
7,177
3,938
117,356
1,018
1,018
118,374
(29,602)
(29,602)
(27,275)
(27,275)
(2,740)
(2,740)
(1,045)
(1,045)
(1,398)
(1,398)
-
(29,340)
(29,340)
(10,603)
(10,603)
(6,359)
(6,359)
(1,458)		 £
2020
32,923
12,443
49,840
12,284
1,009
108,499
516
516
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)

11 of 12

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 2021

Total resources expended Net Income

(1,458) (1,430)
(109,820) (89,309)
8,554 19,706

12 of 12

This page does not form part of the statutory financial statements