Charity number: 1174674
THE SUMMER SCHOOL FOR PIANISTS
RECEIPTS AND PAYMENTS ACCOUNTS
FOR THE YEAR ENDED
31 OCTOBER 2020
THE SUMMER SCHOOL FOR PIANISTS
CONTENTS
| Report of the | 1 |
|---|---|
| Accountants' report | 3 |
| Receipts and payments account | 4 |
| Statement of assets and liabilities | 5 |
| Notes to the accounts | 6 |
THE SUMMER SCHOOL FOR PIANISTS
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2020
The Trustees present their report for the year ended 31 October 2020.
1 . Reference and Administrative Details
Registered charity number 1174674 Registered address 60 Waddington Way London SE19 3XJ Trustees C W Hyde M Zarb-Adami M J Phillips
Trustees are appointed by the Board of Trustees for fixed three-year terms. Trustees put themselves forward for re-appointment upon expiry of their existing term
The organisation is managed by a group of individuals collectively known as Artistic Directors. At the end of the year the Artistic Directors were as follows:-
Karl Lutchmayer Christine Stevenson
2. Constitution & Objects
The object of the Charitable Incorporated Organisation (CIO) is to promote, improve and advance public music education, by the provision of piano masterclasses, concerts and in other such ways as the CIO, through its trustees, shall determine.
The Trustees have due regard to guidance published by the Charity Commission on Public benefit.
3. Financial Review and Plans for Future Period
The Trustees have a policy of charging a fee sufficient to cover the costs of the event. Any surplus is held towards future events.
During the current year there was an excess of payments over receipts of £8,788 (2019: Excess of receipts over payments of £3,246).
Due to the COVID-19 pandemic the 2020 event was replaced with a successful digital event and any committed costs for the 2020 event were rolled forward to 2021. Although this has resulted in a cash flow impact on the CIO for the current period, the overall financial impact on the CIO once the 2021 event has taken place is expected to be modest. At the date of signing, the current indications were that 2021 would be able to take place and generate a surplus. The venue at which the Charity hosted its event had also indicated that it would continue to be flexible in the event that the pandemic affected the event in 2021. The trustees have considered a period of 12 months from the date of approval of the accounts and consider the CIO has adequate resources to continue in operational existence for at least that period, and expect the CIO's operations to return to normal thereafter. In view of this, the trustees continue to prepare the accounts on a going concern basis.
4. Reserves Policy
The trustees have a policy of ensuring that sufficient funds are available to meet the expenditure required in order to host the event in any given year, and annual overheads, and retaining a surplus towards hosting the event in following years.
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THE SUMMER SCHOOL FOR PIANISTS
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2020 (continued)
5. Risk Management
The Trustees and Artistic Directors have examined the major strategic business and operational risks which the organisation faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks.
6. Achievements and Performance
During the year, the event was held on 15 August to 21 August.
The results of the year are shown on page 4 of these accounts.
7. Responsibilities
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the organisation and to enable it to ensure that the financial statements comply with the organisations rules. They have general responsibility for taking reasonable steps to safeguard the assets of the organisation and to prevent and detect fraud and other irregularities.
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27/05/2021
C Hyde (Trustee) .
27/05/2021
M Phillips (Trustee) .
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THE SUMMER SCHOOL FOR PIANISTS
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 October 2020 which are set out on pages 4 to 6.
Responsibilities and basis of report
carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the accounts do not accord with those records.
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.
I Clark FCCA Chartered Accountants Kendal House Murley Moss Business Village Oxenholme Road Kendal LA9 7RL
Date 27/05/2021
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THE SUMMER SCHOOL FOR PIANISTS
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR ENDED 31 OCTOBER 2020
| Receipts FT Participants current year FT Participants next year Recital Tickets Gala Dinner Guests & Accommodation Donations Gift Aid Bank Interest received Sundry income Payments Website costs Advertising Postage Food, drink & gifts Insurance Accountancy Tutor fees/ staff costs Campus costs Sundry Net (expenses) / receipts for the year Bank and cash at 1 November 2019 Bank and cash at 31 October 2020 |
2020 2020 2020 2019 Unrestricted Restricted Total Total £ £ £ £ 7,215 - 7,215 49,167 6,480 - 6,480 9,005 30 - 30 176 - - - 54 321 - 321 1,260 268 - 268 - 14 - 14 19 - - - 847 |
|---|---|
| 14,328 - 14,328 60,528 |
|
| 249 - 249 215 528 - 528 1,918 17 - 17 32 - - - 548 - - - 266 660 - 660 780 9,557 - 9,557 7,226 12,000 - 12,000 45,990 105 - 105 307 |
|
| 23,116 - 23,116 57,282 |
|
| (8,788) - (8,788) 3,246 29,086 - 29,086 25,840 |
|
| 20,298 - 20,298 29,086 |
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THE SUMMER SCHOOL FOR PIANISTS
STATEMENT OF ASSETS AND LIABILITIES
AS AT 31 OCTOBER 2020
| Assets CAF Cash Account CAF Gold Account Paypal Account Liabilities Deposits received in advance Accountancy accrual |
2020 2019 £ £ 12,033 17,067 8,265 12,019 - - 20,298 29,086 |
|---|---|
| 6,840 9,005 690 816 7,530 9,821 |
These accounts were approved by the Trustees on
20/05/2021
and signed on their behalf
C Hyde Trustee
M Phillips Trustee
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THE SUMMER SCHOOL FOR PIANISTS
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2020
-
Accounting policies
-
a) Basis of preparation
The accounts have been presented on a Receipts and Payments basis.
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