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2023-03-31-accounts

Trustees' Annual Report for the period

Period start date Period end date 1 APRIL 2022 31 MARCH 2023 From To

Section A Reference and administration details

Charity name

THE SITAR MUSIC SOCIETY

Other names charity is known by

Registered charity number (if any)

1170299

Charity's principal address 93 EMPINGHAM DRIVE, LEICESTER

Postcode LE7 2DL

Names of the charity trustees who manage the charity

1
2
3
4
Trustee name Office (if any) Dates acted if not for
whole year
Name of person (or body) entitled
to appoint trustee (if any)
D. S. Dhadyalla Chairman
Atul Patel Treasurer
Anita Mistry

Names of the trustees for the charity, if any, (for example, any custodian trustees)

Name Dates acted if not for whole year
NONE

Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information) Names and addresses of advisers (Optional information) Names and addresses of advisers (Optional information)
Type of adviser
Name
Address
NONE

Name of chief executive or names of senior staff members (Optional information)

NONE – VOLUNTEERS ONLY

Section B Structure, governance and management

Description of the charity’s trusts

Type of governing document CONSTITUTION (eg. trust deed, constitution)

How the charity is constituted (eg. trust, association, company) CHARITABLE INCORPORATED ORGANISATION (CIO)

Trustee selection methods

CC Reg# 1170299

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Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

All Trustees give their time voluntarily and can receive reasonable expenses incurred in the course of their duties but do not receive any remuneration.

A number of Volunteers help to programme, promote and run our events. Volunteers can receive reasonable expenses incurred in the course of their duties and may receive token honoraria for services rendered.

Declarations of Interests are made by Trustees and Volunteers, as applicable, and maintained in a register. Payments to one related party have been previously cleared with the Charity Commission.

SMS is a member of Making Music through which it has access to training resources, policies, and various insurances.

Section C Objectives and activities

Summary of the objects of the charity set out in its governing document

SMS has no staff or premises but relies on volunteers, and
partnerships with established institutions. The programme is
carried out in hired premises, or volunteers’ homes, or the
Summary of the main premises of partner organisations.
activities undertaken for the
public benefit in relation to
these objects (include within
In devising our programme of activities, we have had regard to the
Charity Commission’s guidance on public benefit. Our events are
this section the statutory open to the general public, and some are free. Partner
declaration that trustees have organisations are public bodies or charities or non-profits.
had regard to the guidance
issued by the Charity
Commission on public
benefit)
We have an Artistic Policy and Strategy that informs each year’s
programme of events and performances. The Trustees have an
important role in maintaining artistic excellence. The Chairman is a
professional artist and educator of high standing. Other Trustees
and volunteers are also artists or have considerable knowledge,
experience and networks in their arts field.

CC Reg# 1170299

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Section D Achievements and performance

Summary of the main The year was again severely impacted by the aftermath of the Covid-19 achievements of the charity Pandemic and loss of volunteer support. Therefore, we were unable to during the year undertake any significant activities. However, we are pleased to say that we will be resuming activities in 2023-24. In July 2022 we changed our bank from HSBC which had begun the introduction of monthly charges even for small charities. Our new bank is Virgin Money which provides us with free banking. We did receive some donations and are grateful to our audiences, partners, and the artists who unfailingly give of their support to the Society.

Section E Financial review

At the end of the year, SMS has £6,986 in unrestricted reserves. Brief statement of the Reserves are presently maintained as a risk-buffer and for cash- charity’s policy on reserves flow management. Our aim is to grow that to up to £10k for these purposes, and to be able to provide match-funding in grant applications that we may choose to make in future. Details of any funds materially Not applicable. in deficit

Further financial review details (Optional information)

You may choose to include Income is sourced from charges for events, which are kept reasonable and affordable; and donations from companies and additional information, where relevant about: individuals. Some donations qualify for Gift Aid. SMS is registered • the charity’s principal with the HMRC for this purpose. We have a prudent financial strategy to ensure each event covers its costs and makes a small sources of funds (including any fundraising); contribution to the overall surplus. We do not receive any other • how expenditure has grants or public funding. supported the key objectives We aim to maintain high standards of financial prudence and of the charity; • investment policy and ethics. The Treasurer has some financial qualifications and experience. Other Trustees have more general business objectives including any experience. Our turnover is below the threshold for external ethical investment policy Examination or Audit. adopted.

CC Reg# 1170299

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Section F Other optional information

Section G Declaration

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

Dharambir S. Dhadyalla, MBE
Atul Patel, MBE

Chairman
Treasurer
22 September 2023
22 September 2023

CC Reg# 1170299

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THE SITAR MUSIC SOCIETY
Charity Name
THE SITAR MUSIC SOCIETY
Charity Name
THE SITAR MUSIC SOCIETY
Charity Name
THE SITAR MUSIC SOCIETY
Charity Name
THE SITAR MUSIC SOCIETY
Charity Name
1170299
No (if any)
1170299
No (if any)
1170299
No (if any)
CC16a
For the period
from
01 April 2022
Period start date
To 31 March 2023
Period end date
Section A Receipts and payments
A1 Receipts Unrestricted
funds
to the nearest £
Restricted funds
to the nearest £
Endowment
funds
to the nearest £
Total funds
to the nearest £
Last year
to the nearest £

DONATIONS
21 - - 21 92
BOX OFFICE - - - - -
GIFT AID 5 - - 5 23
PARTNERSHIP FUNDING - - - - -
OTHER - - - -
Transfer from reserves atyear end 608 - - 608 -
- - - - -
- - - - -
Sub total(Gross income for AR) 634 - - 634 115
A2 Asset and investment sales,
(see table).
-
- -
Sub total - -
Total receipts
A3 Payments
115

VENUE HIRE,PR & TECH FEES
- - - - -
ARTISTS FEES - - - - -
ARTISTS T&S - - - - -
INSURANCES 417 - - 417 98
OTHER/WEBSITE COSTS - - - - -
Transfer from reserves atyear end 0 - - 0 0
Bank Charges 23 - - 23 15
- - - - -
- - - - -
**Sub total ** 440 - - 440 113
A4 Asset and investment
purchases, (see table)
-
-
**Sub total ** - -
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
113
194 2
- -
6,792 6,792
6,986 6,794

Section B Statement of assets and liabilities at the end of the period

Categories
B1 Cash funds
Details
Total cash funds
BANK ACCOUNT
Petty Cash
Unrestricted
funds
to nearest £
6,986
-
-
6,986
Restricted funds
to nearest £
-
-
-
-
Endowment
funds
to nearest £
6,986 - -
- - -
- - -
6,986 - -

CC Reg# 1170299

02/11/2023

1

Signed by one or two trustees on
behalf of all the trustees
B5 Liabilities
B3 Investment assets
B2 Other monetary assets
B4 Assets retained for the
charity’s own use
Details
Details
(agree balances with receipts and payments account(s))
Details
Details
Signature
OK
OK
Unrestricted
funds
Restricted funds
to nearest £
to nearest £
-
-
-
-
-
-
-
-
-
-
-
-
Fund to which asset
belongs
Cost (optional)
-
-
-
-
-
Fund to which asset
belongs
Cost (optional)
-
-
-
-
-
-
-
-
-
Fund to which
liability relates
Amount due
(optional)
-
-
-
-
-
Print Name
ATUL PATEL, TREASURER
OK
Endowment
funds
to nearest £
-
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
-
-
-
-
When due
(optional)
Date of approval
ATUL PATEL, TREASURER 22-Sep-23

CC Reg# 1170299

02/11/2023

2