pip Patagonia Instrument Project REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31" March 2026
Patagonia Instrument Project Report Of the Trustees And Flnanclal Statements For the Period ended 31st March 2026 Contents Refatn¢e and thini5trniive detsils Rert ofthe Tnthees Stsifflieni of Financial A¢ii%ities Balance Shee( Notes to Financi stsiements 10
PATAC'()NI.4 INSTRI PR()JEC7 REPORT OF THE TRI"STEES FOR TFIE PEIUOD E.%DED Jl" %larch 2026 REFERENCE AND ADMINISTII4TIVE DFTAII Members of the t4)ard and professional advixrs TruJ¢tt¥ Mr C Si(Kk Ms R Ford Mr P Crirling Mr R Samuel Mr G C heesman Mr P Girling B*nkers
PATAGONIA INSTRI'MEYT PROJECT RF.PORT OF THF. TRI +bTEES FOR THE PERIOD EYDED 31" M•r¢h 2026 Th¢ tr¢¢$ pr¢5cnt their rqx)rt and the unaudid financial Xatrments of the charity for the period endd 31° March 2026 R¢fer¢n¢¢ •nd AdmlnlJlrath'¢ d¢¢alh Refer¢nL¢ and adminislniiii'¢ d¢&ils ore shown in the schedule of membu5 of the Ixjard prolcssional wJYiscr5 on page l of the financ1 swemen The Trujie The truMe¢s xrved the ChilY during the wtre as follows: Mr C" sCk Ms R Ford Mr P Girlin8 Mr R Swnuel Mr G Cheesm STRLICYL'RE. GON'EILIANCE A%D.MAIAGE.%IFNT Legal Jl•tuJ The Foundaiion ig a Churithbl¢ Incorwr Oryanization (CIO). li ¢ornm¢nc¢d IL8 Kliviti¢s in 2016 and achieNd Charlble swus on 5 jAnu, 2017. Governing documcnt Th¢ Pawionia Instrument Projeci {PlPl is Boverned by its CIO ¢on#itution d¢0 De¢¢mb¢r 7016. In the ei'enl of the orBani7Ation bein8 up the memlws are required to contribu an amount not cxcc¢ding L l. Re¢ruitmtn¢ ind ppointmeNI of Truilee MLmbers ol.the Eloard i)I"'fruslLYs are apwinled or remo%"ed h. res0110n of the trustees. TruMees are app)tnied 10 pro%'idc expertise in th¢ vartrI% sk.ills n¢¢ded lo run the or8aftirAtion eifi¢i¢nil) and cffectivel%. Truitce Inductlon and InininR irustCLS arc cn a briLlin¥ on the Work the ilIVidUal wojects of th¢ knard as part of th¢ir induLlion. appropria. traininJJ sessions are open ixwd members 'here the troinin8 is midered useful to rol¢.
PAT.4GO%IA INSTRI;.ME%T PROJECT RF.PORT OF THF. TRI'STF.F.S FOR THF. PF.RI()D F.NDF.D 31" M•r¢h 2026 People wilb Significant Control There is no trus1 or T)n with $ignificanl control of the chfirity. Rijk mDi%emefj¢ The truceS have examined the rnajor risks that the Charity, fKe& in wicular those related io the orrtTuli0Ths and finance& and are sausfied SyMems are in place to mitige the exwsure lo significant risks. oF.ll.F.-S AI4D Acfii'iTIF.S In October ?015. the BBC N'ational Orchcsu8 of Il'oles INOWI made the firm ei'er i'isii bl. a pnjfessional s%'mphon> orchesira io PatA8oniA w ¢oin¢id¢ 47th the 150th anniversary celebrolion of the 'eI$h community. in ¢lrgeniin& The aim of the proje¢¢ is to provide a lew to this w(ffk. by pmidin8 musiul instruments ihat are Simplv not acce$5ible to pupils and kxher5 in Pats8oni& ¢iihff b¢¢aus¢ of financial ConrnIn1S or Iaik of ai'ailabilil).. This Aim is carried out ¢ither bi, sendin¥ specifjc in%lrumL'nls requL'sied b). 0uP$ tn the Qhubui are& directl), from Vialcs. or b). rnisin¥ lunds in th¢ LIK thrOh the sa]e of donaied goods. purchw Instru throu8h a neN'ork of srrtcialisl 5uppli¢r3 in Argentin Although the above ur proi'ided the initial ximu1 Pa4onia Instrumi Project is totslly independeni of the BBC. Publlc benellt The Trus eonfirni have referred 8uidan¢e in the charity. commijsion'j 8eneral 8uidance on publi¢ lnefil when reliewing the chan'ry's aims and obje¢iives and in plannin8 future aciivities. ACHIF%'F.ME%7S A%D PF.RFORMAliCE During the pa¥1 )tar financial donalion& shtti M81C. sUin83. initrumenis and other consumobles er¢ sent to N'outh groups a1 schools in Puerto Pirnmide& La80 Pu¢kn. GaimwL Es4u¢I. I"r¢l¢w and Trevelin iowllinB £IOJ94. Also included in this figure 'Cre l O pairs oftradiilorAal Il'elsh Dance clogs made in the IIK and thiP1 lo dan¢¢ wiups ID Trel'elin and GaiawL Thi5 15 in line Mith lasi >ear's srnenL Tnl¢c5 continu&ll!' aim ts) i¢hi¢v¢ 8 bAtance as 5Wed in the ReseTres Polic>'. however al the end oftk financial %'ear. funds. once agairn remain atK)N'e thi5 re5cf*'e Ic4'el in preparnion for a numbcr ofkn"gh¢r valu¢ instr Purchas propwd for firsi hr0( ry026.ty0?7 year.
P.4TAGO%IA INSTRI'.ME%T PROJF.C"T REPORT ()F THE TRI,'4iTEE.S FOR THE PERIOD E.NDED 31•1 Mrrh 2026 FINAITC"IAL RF.VIF.W The chtsrÉty rald £1.751 (Prnious Year. £950) through i'olunthry donatirns during the period io 3111 March 2(J?5 and other charithble actii'ilies faised a funhLY £10.769 (PY: £13:9(K)). gii'in8 a lotsl income for the year of £12.5?O IPY: £14.4401. Equipmcni rtpair 8nd pwrh&geg amounted t(y £953 (PY: £97) there £?01 cxrendiw on wchsile. murk¢iin8 and ad%'enising costs during the year {PY £746). Siornge and handlin8 cosls totallcd £3.733 IPY: £? 912). and insurance CO £163 (PY £160). Grants io Patsgonion schools and rn51¢ organilOn$ for local pUrCh&q Pl itrms shipped from UL 4mound to £ l O.J94 (PI.: £8.680) Overnll ex11ture for the >e8r £15.443 (PY: £12.595) leaiin8 1 balon¢¢ of £3.353 (PY: £6,277). Rttervej pulk). Lhariiy h&$ no pid cmplovc¢s. How¢ver. il r¢nt5 510T¢ spxe from a commercial organitsiion and thc Irusiees conslder il prudent lo mainlain a r¢sm'e of arou1 £1.51X) Io PP4)' Slorage charBcs. '¢b511¢ tiS and other swh exn5¢S wknen ¢a8htlo. is lo.. Truste Tn¢¢$ do not receive Temunerntion or exFnS for the day.iiHloy runnin8 of ¢hority.
PATAGOII.4 IN(iTRI %IF.NT PROJF.CT RF,PORT OF THF. TRI:STEF. FQR THF. PF.RI()D F.NDED 31" MArrh 2026 RTr=SP()%lplBILITILS OF THL TRUSTEES The trUe¢S are r¢spoTLsible for kyekwing the Trustee5' Rep)rt the financial sthkments in cordance applicable law ond Uniied Kingdom Accountin8 Stsndards (United Kingdom Generally A¢e¢pt¢d Accounllng Prathice). Charity law requires the io prepar¢ fin1 for exh finAncial year thtsi 81¥,¢ a true and fair i'ieTh of the siaie of affairs of the ch1. and of the incoming resourceg and appli14tion of reUrce& incIling income and ¢xFndilurc. of the clwitv for thai wiod. In prying these finEncial AaIeMcn the wusttts are required . selert suiwble acco1]ng w)licies and then apply them consisny. obxrve methods and principl¢s in the C.harsties S()RP: make jud¥ments and esiimates thai are re&wnablc and prudeni: stsie w.hether applicable LIK .4c¢ounting Sthndards hai'e ten followrd, 5ubj¢¢( to any mAterial deparnW. di8cloqed and explained in the financial SthIemen and prepare th¢ finan¢iAI stsi¢ments on the BoinB concern bgsis unless it Is IiiappTopriAle lo sume the chArity will conlinue in busin The tru<¢$ are reJpon5ibk for keepM18 thquak accouMin8 rerdS that discloge with r¢&qonabl¢ Cr5 at an!. time the financial w)$ition of the charit!.. Thev are also reS)nSIble for safeguardin8 &sseis of ihe chariP' and hence for tskin8 reasonfible steps for the VeN10n ond d¢i¢ction of traud and other irresiulariiies. In so far &$ tl% trustees are awe: there is relevant inforniation of which the chvitv's examiner is unaw'are; a1 th¢ tru51ee5 have tsken all steps thai ou8hi io IiAve taken lo mak¢ themselves awart of any relevani IntornllOn and estsblish th¢ ¢xBmin¢r is 4wart of th infomalio The irumees art responsible for the main*nantt and inie¥riN' of the financial inf0mtion inlludcd on ihc charit) s Mtbsiie. Lcgislaiion in thc Linii¢d Kingdom 801'¢rning ihe preparntion and di%5eminaiion of financial 51atements mah. ditTer from legislation in oiher jurifjdiciions. BY ORDER OF THE BUIIRD Phtlip Girlin8
RF.PORT OF TIIF. TRI"STF.F.S FOR THE PEIUOD E.%DED 31 .Manh 2026 ACCQI"fyTING POLICIF BaJ&i of prep¥ratloD of flnanclAI statemtnls "IIK" Iwiial >tuiemenis hai¢ b¢¢n prepared under the historicoi ¢0 convention and in cordance with thc Statrmeni of Recommended Prathice opplicable 10 charilics preparing their c¢oun15 in attordance 7th thc Financial Re1]ng Standard applicablc in the UK and RepubliL of Ireland i FRS 102). Al the bAlan¢¢ she¢t da. chlty hul an ¢xcess of assets o%¢r liabiliti¢5 of £3J53 On thi5 b1% th¢ tr¢S ion5ider it appropriale to prepare the financial striements on Ihe 8r)ing concern basis. Th¢ ¥¢ounts do not r¢tl¢ci th¢ adjusthicnts that 'OUld haN'c kcn made thould continuing finance noi bc availablc. namely rcducin8 the i'alue of the assets io their rea115abl¢ amounts, PTOI idin¥ for any, further liabiliti¢s w'hich mi¥hi arise and rff la55ifyin¥ all rixed w¢¢$ Jnd lon¥ l¢mi liabili(i¢s as Curre a55rf8 liabilities rylively. Fund Atcounilns (ien¢ral funds are unrestricted funds that ore available for u5¢ 81 the dire(lOn of the trle¢s in furtheranc¢ of the 8cnernl obj¢ciiv¢s of the charity aThl which have noi be¢n designated for other purrK)ses. Inromln% rernes All incoming resources included in the Sthiemeni of Financial Aciiviiies w'hen the chariiy has cntiil¢ment lu the funds. c¢rtaint%' of recciw and the amount can be measured 1th SU1¢1¢nI rrlittbility. No amounts are incIled in the finoncial 5ts1ements for 5er+'i¢¢S donuied by voluntrer5. Income recovernble sn relation to dOnlon$ received under Gift Aid or deeds of covenant is recogni7xd at the iimc of rcceipi from HKfRC. RlenUe grnnts are credited incoming Rsourccs Mthen thJ' arc receii'able proi'ided condilions for recei hai'c been complied with. unless the) relaie to a specitied futu peri<MI. in .hIch case the). are deferred. All other income 15 includcd in the 8wement of FinwKial Activilies received or when the Lharil). is lexall), entliled io the income. Resourc expended All exp¢ndilurc 15 uccountrd for on an crUI1$ blS and has been included under exrns¢ C8iegories thai og8re8ate all costs for ollocaiion actii'iues. Ilthere ¢05ts connoi directly aitribud (o particular actii.iues tho. have been allocatrd on a b&si$ consitAl M'ith the use of the resources. Fundraisin8 costs are those Iurred in seekin8 voluntary contriblOn5 and include the costs of di55eminatin8 infOrnll0n in supwrt of the clwitsble a¢tii'ilies.
PtllRoni In$¢rnmenl Projtcl FinanclAI slatements for ibe perlod ended -Ilst Marrh 2U26 Statement of Financial Activities (ineorpon)ting the income nd expenditure ac¢ount) rolal Fundi 202&2026 Tothl Funds 2074 - 2025 ote IncomiDlI reiources Irwmin¥ rgJour¥Ys t.rom 8¢nernin8 fuThJs: Volunwy ineon 1mIng resources from ¢haritabk 1vIll¢S 1.751 950 10.769 13.9 TolAI la¢omlng r¢50uret% 12.520 14.940 Rejourm F.xptnded Low of generaiin8 fun(ts: Costs of 8enerntin8 volunlar) Inrne ()th¢r rcsour¢es expended 201 746 11.849 Total R¢sourcts ¢Jp¢nded 12.595 Movtmeni In lol#l funds for the yesr- Net Incomc for ihc J'car (2,924) 2.345 FUlS 31 March ?025 6377 3.932 Total fvDdJ It 31Jt March 2026 JJ53 6277 All of the nef incornin8 u[re9 are from continuing activities
p•tOnI• InslrumeDt Proje Ftnancial lalemtnls for ibe peiiod ended 31Jl March 2026 Balance Sheet 2025 - 2026 2024 - 2025 Current MetJ Debr5 C&%h in hand Lash ai bank 3,198 6.!77 C'rnliton: Amounis falling due within y¢4r el curr¢nt eIllIh111¢leA1 Nei AJetsl(Ilabllltkn) 3J53 6,?77 6.?77 Ch4rity Funds lJnr¥iri¢led income fiu Tol•l fund• 6.777 6.?77 IS/.1? kinoncial ythlemenls w'ere approved bv the T1(e£S0n ... .... ...... .... and si¥ned on their beh[ bv: Chrisiopher Stk Chairnwi Lharity. R¢8iJtration No: 1170987 The noles on p8e 10 fomi p8rt of finwKial sw¢ments.
Patagonia Instrument Project Financial statements for the period ended 31st March 2026
Notes to the financial statements
| 1 Voluntary Income Gift Aid Donations Non Gift Aid Donations Incoming resources from charitable activities 2 Sales of donated equipment Resources expended 3 Equipment repairs & purchases Marketing & Advertising Postage Storage Insurance Items shipped directly from UK Grants to Patagonia Schools/Music organisations |
Unrestricted Funds 2025 – 2026 £ 894 857 1,751 10,769 10,769 953 202 975 2,757 163 184 10,210 15,444 |
Unrestricted Funds 2024 - 2025 £ 400 550 |
|---|---|---|
| 950 | ||
| 13,990 | ||
| 13,990 | ||
| 97 746 819 2,093 160 1,003 7,677 |
||
| 12,595 |
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