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 2023 Foden's Band Contents Page For the year ended 31 December 2023 |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 2023 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 2023. 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 Mr Chris Finnigan Mark Greaves Alison Graham Gill Merry Robin Basu Stuart Geoffrey **Secretary** Mark Wilkinson **Independent examiners** David Nugent & Co Limited The Counting House 4A Moss Lane Swinton Manchester M27 9SA The trustees and officers serving during the year and since the year end were as follows: Approved by the Board of Trustees and signed on its behalf by > ............................................................................. 23 September 2024 Mark Wilkinson 1 of 12 ## Foden's Band Independent Examiners Report to the Trustees For the year ended 31 December 2023 I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 December 2023. ## **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 2024 2 of 12 ## Foden's Band ## Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 December 2023 |**Income** **and** **endowments** **from:**
**Notes**
Donations and legacies
2
Investments
3
**Total**
**Expenditure** **on:**
Charitable activities
4/5
**Total**
**Net** **income/expenditure**
**Reconciliation** **of** **funds**
Total funds brought forward
**Total** **funds** **carried** **forward**|**Unrestricted**
**funds**
**£**
175,254
1,738
**176,992**
(166,292)
**(166,292)**
**10,700**
157,893
**168,593**|**2022**
**£**
160,154
1,643| |---|---|---| |||**161,797**| |||(185,218)| |||**(185,218)**| |||**(23,421)**
181,314| |||**157,893**| 3 of 12 Registered Number : 09736878 ## Foden's Band Statement of Financial Position As at 31 December 2023 ||**Notes**|**2023**|**2022**| |---|---|---|---| |||**£**|**£**| |**Fixed** **assets**|||| |Tangible assets|11|59,787|57,709| |Investments|12/13|40,992|40,992| |||**100,779**|**98,701**| |**Current** **assets**|||| |Debtors|14|10,447|13,327| |Cash at bank and in hand||59,482|47,838| |||**69,929**|**61,165**| |**Creditors:** **amounts** **falling** **due** **within** **one** **year**|15|(2,115)|(1,973)| |**Net** **current** **assets**||**67,814**|**59,192**| |**Total** **assets** **less** **current** **liabilities**||**168,593**|**157,893**| ||||| |**Net** **assets**||**168,593**|**157,893**| |**The** **funds** **of** **the** **charity**|||| |Unrestricted income funds|16|168,593|157,893| |**Total** **funds**||**168,593**|**157,893**| For the year ended 31 December 2023 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 2024 4 of 12 ## Foden's Band Notes to the Financial Statements For the year ended 31 December 2023 ## **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: Instrument's 5% Reducing balance Computer equipment 15% Reducing balance Furniture,fittings, tools and 15% Reducing balance ## **2. Income from donations and legacies** |**Unrestricted** **funds**
Donations received
Legacies received
Grants received
Gifts in kind
Donated goods and services|**2023**
**£**
74,889
53,784
20,430
7,829
18,322
**175,254**|**2022**
**£**
68,106
28,524
42,160
7,829
13,535| |---|---|---| |||**160,154**| ## **3. Investment income** |**Unrestricted** **funds**
Income from listed investments|**2023**
**£**
1,738
**1,738**|**2022**
**£**
1,643| |---|---|---| |||**1,643**| 5 of 12 ## Foden's Band Notes to the Financial Statements Continued For the year ended 31 December 2023 ## **4. Costs of charitable activities by fund type** |**osts** **of** **charitable** **activities** **by** **fund** **type**||| |---|---|---| |**Unrestricted** **funds**
Activity 1
Support costs|**2023**
**£**
69,693
96,599
**166,292**|**2022**
**£**
87,137
98,081| |||**185,218**| ## **5. Costs of charitable activities by activity type** ||**Activities**|**Support**|**2023**|**2022**| |---|---|---|---|---| ||**undertaken**|**costs**||| ||**directly**|||| ||**£**|**£**|**£**|**£**| |**Support** **costs**||||| |Activity 1|69,693|-|69,693|99,287| |Activity 2|-|96,599|96,599|85,931| ||**69,693**|**96,599**|**166,292**|**185,218**| ## **6. Analysis of support costs** |**nalysis** **of** **support** **costs**||| |---|---|---| ||**2023**|**2022**| ||**£**|**£**| |**Activity** **2**||| |Other office costs|24,917|12,150| |Legal fees|3,289|3,204| |Insurance|950|1,076| |Subscriptions &|5,616|1,722| |registration fees||| |Hall Hire|55,557|67,604| |Cd's & Music|3,194|8,280| |Equip Repairs|1,340|2,335| |Accountancy|1,736|1,710| ||**96,599**|**98,081**| 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 2023 ## **7. Net income/(expenditure) for the year** This is stated after charging/(crediting): Depreciation of owned fixed assets |**2023**|**2022**| |---|---| |**£**|**£**| |3,289|3,204| ## **8. Staff costs and emoluments** Total staff costs for the year ended 31 December 2023 were: Salaries and wages Support Staff |**2023**
**£**
48,515
**48,515**
**2023**
0
**0**|**2022**
**£**
87,137
**87,137**
**2022**
0
**0**| |---|---| ## **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 that 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. ## **10. Comparative for the Statement of Financial Activities** The comparative year values on the Statement of Financial Activites are for unrestricted funds. 7 of 12 ## Foden's Band to the Financial Statements For the year ended 31 December 2023 ## Notes to the Financial Statements Continued ## **11. Tangible fixed assets** |**Cost** **or** **valuation**
At 01 January 2023
Additions
At 31 December 2023
**Depreciation**
At 01 January 2023
Charge for year
At 31 December 2023
**Net** **book** **values**
At 31 December 2023
At 31 December 2022|**Instrument's**
**£**
69,599
5,366
**74,965**
13,238
3,086
**16,324**
**58,641**
**56,361**|**Furniture,fitti**
**ngs,** **tools**
**and**
**£**
1,779
-
**1,779**
431
202
**633**
**1,146**
**1,348**|**Total**
**£**
71,378
5,366| |---|---|---|---| ||||**76,744**| ||||13,669
3,288| ||||**16,957**| ||||**59,787**| ||||**57,709**| ## **Investments** ## **12. Analysis of movement of commercial investments** |Market value at 01
January 2023
Market value at 31
December 2023|**Listed**
**investments**
**£**
40,992| |---|---| ||**40,992**| ||| ## **13. Analysis of investments between funds as at year ended 31 December 2023** ||**2023**|**2022**| |---|---|---| ||**£**|**£**| |**Unrestricted** **funds**||| |Listed investments|40,992|40,992| ||**40,992**|**40,992**| 8 of 12 ## Foden's Band Notes to the Financial Statements Continued For the year ended 31 December 2023 ## **14. Debtors** |**14.** **Debtors**||| |---|---|---| ||**2023**|**2022**| ||**£**|**£**| |**Amounts** **due** **within** **one** **year:**||| |Trade debtors|203|3,083| |Other debtors|10,244|10,244| ||**10,447**|**13,327**| |**15.** **Creditors:** **amounts** **falling** **due** **within** **one** **year**||| ||**2023**|**2022**| ||**£**|**£**| |Trade creditors|-|1,319| |Other creditors|1,461|-| |Accruals and deferred income|654|654| ||**2,115**|**1,973**| |**16.** **Movement** **in** **funds**||||| |---|---|---|---|---| |**Unrestricted** **Funds**||||| ||**Balance** **at**|**Incoming**|**Outgoing**|**Balance** **at**| ||**01/01/2023**|**resources**|**resources**|**31/12/2023**| ||**£**|**£**|**£**|**£**| |_General_||||| |General|157,893|176,992|(166,292)|168,593| ||**157,893**|**176,992**|**(166,292)**|**168,593**| |**Unrestricted** **Funds** **-** **Previous** **year**||||| ||**Balance** **at**|**Incoming**|**Outgoing**|**Balance** **at**| ||**01/01/2022**|**resources**|**resources**|**31/12/2022**| ||**£**|**£**|**£**|**£**| |_General_||||| |General|181,314|161,797|(185,218)|157,893| ||**181,314**|**161,797**|**(185,218)**|**157,893**| 9 of 12 Foden's Band Notes to the Financial Statements Continued For the year ended 31 December 2023 ## **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
**Previous** **year**
**Unrestricted** **funds**
_General_
General|**Tangible**
**fixed** **assets**
**£**
59,787|**Investments**
**Net** **current**
**assets** **/**
**(liabilities)**
**Net** **Assets**
**£**
**£**
**£**
40,992
67,814
168,593| |---|---|---| ||**59,787**|**40,992**
**67,814**
**168,593**| ||**Tangible**
**fixed** **assets**
**£**
57,709|**Investments**
**Net** **current**
**assets** **/**
**(liabilities)**
**Net** **Assets**
**£**
**£**
**£**
40,992
59,192
157,893| ||**57,709**|**40,992**
**59,192**
**157,893**| 10 of 12 ## Foden's Band Detailed Statement of Financial Activities For the year ended 31 December 2023 |**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)
Other office costs (Activity 2)
**Legal** **fees**
Legal fees (Activity 2)
**Insurance**
Insurance (Activity 2)
**Subscriptions** **&** **registration** **fees**
Subscriptions & registration fees (Activity 2)
**Hall** **Hire**
Hall Hire (Activity 2)
**Cd's** **&** **Music**
Cd's & Music (Activity 2)
**Equip** **Repairs**
Equip Repairs (Activity 2)
**Accountancy**
Accountancy (Activity 2)|**2023**
**£**
74,889
53,784
20,430
7,829
18,322
**175,254**
1,738
**1,738**
**176,992**
(69,693)
**(69,693)**
-
(24,917)
**(24,917)**
(3,289)
**(3,289)**
(950)
**(950)**
(5,616)
**(5,616)**
(55,557)
**(55,557)**
(3,194)
**(3,194)**
(1,340)
**(1,340)**
(1,736)|**2022**
**£**
68,106
28,524
42,160
7,829
13,535
**160,154**
1,643
**1,643**
**161,797**
(87,137)
**(87,137)**
(12,150)
-
**(12,150)**
(3,204)
**(3,204)**
(1,076)
**(1,076)**
(1,722)
**(1,722)**
(67,604)
**(67,604)**
(8,280)
**(8,280)**
(2,335)
**(2,335)**
(1,710)| |---|---|---| 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 2023 |**Total** **resources** **expended**
**Net** **Income**|**(1,736)**
**(166,292)**
**10,700**|**(1,710)**
**(185,218)**
**(23,421)**| |---|---|---| 12 of 12 This page does not form part of the statutory financial statements