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 1 of 12 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 2 of 12 ## 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 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 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