REGISTERED CHARITY NUMBER: 1177736
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2020
for
Romford Drum and Trumpet Corps (RDTC)
Butlers Chartered Accountants Suite 6 Burley House 15 High Street Rayleigh Essex SS6 7EW
Romford Drum and Trumpet Corps (RDTC)
Contents of the Financial Statements for the Year Ended 31 December 2020
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 15 |
| Detailed Statement of Financial Activities | 16 | to | 17 |
Romford Drum and Trumpet Corps (RDTC)
Report of the Trustees for the Year Ended 31 December 2020
The trustees present their report with the financial statements of the charity for the year ended 31 December 2020. 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 Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The object of the charity is to advance the education of the public in the appreciation of marching band music and in particular to advance the education and training of young people in the playing of marching band instruments by establishing and maintaining a marching youth band.
Significant activities
The charity's main activities are:
1 - Romford Drum and Trumpet Corps - Youth Marching Band.
The band is open to any boy or girl who wishes to join. Uniform, instruments and tuition are provided free of charge with no subscriptions being payable. The corps performs at events all over the world in order to promote opportunities and development of the members and leaders.
2 - Taunton Hall.
Taunton hall was obtained by the charity in 2011 and funding was raised for the refurbishment. The hall is maintained as the headquarters and delivery base of the charity. Spare capacity at the hall is rented out to other local charities and community members of which the rental monies received helps to cover the running costs.
Public benefit
The trustees have considered the requirements to ensure the charity provides a benefit to the public. The Board have concluded that the work they provide to the youth of the local area demonstrates the benefit to the public.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the year the charity worked with over 50 young people within the marching band, providing musical tuition and instruction as well as performance opportunities.
Youngsters experienced various opportunities throughout the year including travelling within the UK and abroad for performance opportunities.
Fundraising activities
Various fundraising activities were conducted in the year to raise additional funds for use in charitable activities.
Fundraising activities were managed and operated by the main committee during the year and at no time was a professional fundraiser engaged.
FINANCIAL REVIEW
Principal funding sources
The charity receives the majority of its funds from donations towards the band performing as well as from venue hire from lettings of Taunton Hall.
Venue hire continued to increase in the year and was used to maintain the operation of the building.
The trustees were pleased that the band activities managed to realise a small surplus in the year, however continued to make a net deficit on the operation of the Taunton Hall after amortisation costs.
Page 1
Romford Drum and Trumpet Corps (RDTC)
Report of the Trustees for the Year Ended 31 December 2020
FINANCIAL REVIEW
Reserves policy
The Romford Drum and Trumpet Corps (RDTC) has four sources of income which are:
1 - Income fees from performances
-
2 - Local fundraising activities
-
3 - Ad hoc donations
4 - Rental income from leased property
None of these sources are guaranteed, it is crucial therefore to ensure there are sufficient reserve funds to allow the charity to continue to operate for a period of not less than 12 months whilst fundraising takes place to operate normally or to wind up the organisation allowing time for the organisation to meet its obligations to staff and service users if existing sources of income were to cease.
The charity is currently dependent on local fundraising and ad hoc donations and rental income to sustain its activities as earned income alone would not allow the charity to continue operating. This means that if there was no local fundraising or ad hoc donations it is likely that the charity would have to cease operating.
To avoid closure if funding difficulties were to happen, the trustees of the charity have agreed to keep a level of financial reserves to enable the charity to operate for at least 12 months.
Current funding has been secured until the end of December 2019 but if difficulties were to arise it has been estimated that £4,000 would be needed to function for the following 12 months.
The charity meets this policy at the balance sheet date. The policy will be reviewed at monthly board meetings or whenever there are significant changes in staff personnel.
Funds in deficit
The trustees are aware that the charity showed da deficit in 2019.
2019: The deficit in the year is caused by the amortisation of the leasehold improvements over the remaining years of the lease. The overall position for the year can be split into:
| 2019 | |
|---|---|
| Operating surplus for band activities | £ 401 |
| Operating deficit for Taunton Hall activities | (£1,086) |
| Amortisation for Taunton Hall activities | (£7,352) |
| Overall deficit for Taunton Hall activities | (£8,438) |
| Organisational deficit for the year: | (£8,037) |
The deficit before amortisation for the year is low in value and has arisen due to continued repair and maintenance costs of the property which are required to improve the compliance of the building to make it suitable for modern requirements.
The Trustees were aware of the deficit position and are pleased to report that the charity moved to a surplus position during the year to 2020.
FUTURE PLANS
On 1st January 2020 the charity commenced activities due to the conversion of the previous registered charity Romford Drum and Trumpet (Reg Co. 278664) as part of a conversion process.
Page 2
Romford Drum and Trumpet Corps (RDTC)
Report of the Trustees for the Year Ended 31 December 2020
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Recruitment and appointment of new trustees
New trustees are sourced from trusted persons connected to the activities of the charity. The trustees are voted in at a meeting of the members.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1177736
Principal address
7 Spey Way Romford Essex RM1 4YP
Trustees
P Binder L Fearon (resigned 10.2.2020) V Horne J Jones (appointed 10.2.2020) Ms N Barrand (appointed 10.2.2020) Mrs K Milsom (appointed 3.7.2020) M Cook (appointed 3.7.2020)
Independent Examiner
Butlers Chartered Accountants Suite 6 Burley House 15 High Street Rayleigh Essex SS6 7EW
Approved by order of the board of trustees on 5 May 2021 and signed on its behalf by:
V Horne - Trustee
Page 3
Independent Examiner's Report to the Trustees of Romford Drum and Trumpet Corps (RDTC)
Independent examiner's report to the trustees of Romford Drum and Trumpet Corps (RDTC)
I report to the charity trustees on my examination of the accounts of Romford Drum and Trumpet Corps (RDTC) (the Trust) for the year ended 31 December 2020.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all 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 Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
H Meagher ICAEW 9130081 Butlers Chartered Accountants Suite 6 Burley House 15 High Street Rayleigh Essex SS6 7EW
5 May 2021
Page 4
Romford Drum and Trumpet Corps (RDTC)
Statement of Financial Activities for the Year Ended 31 December 2020
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 27,358 Charitable activities 5 Taunton Hall 34,155 Marching Band 241 Other trading activities 3 2,483 Investment income 4 49 Total 64,286 EXPENDITURE ON Raising funds 6 2,277 Charitable activities 7 Taunton Hall 36,029 Marching Band 8,909 Total 47,215 NET INCOME/(EXPENDITURE) 17,071 RECONCILIATION OF FUNDS Total funds brought forward 309,377 TOTAL FUNDS CARRIED FORWARD 326,448 |
Restricted funds £ - - - - - - - - - - - - - |
31.12.20 31.12.19 Total Total funds funds £ £ 27,358 2,124 34,155 34,700 241 15,417 2,483 9,297 49 92 64,286 61,630 2,277 3,335 36,029 43,725 8,909 22,607 47,215 69,667 17,071 (8,037) 309,377 317,414 326,448 309,377 |
|---|---|---|
The notes form part of these financial statements
Page 5
Romford Drum and Trumpet Corps (RDTC)
Balance Sheet 31 December 2020
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 11 224,608 CURRENT ASSETS Stocks 12 250 Debtors 13 3,393 Cash at bank and in hand 103,802 107,445 CREDITORS Amounts falling due within one year 14 (5,605) NET CURRENT ASSETS 101,840 TOTAL ASSETS LESS CURRENT LIABILITIES 326,448 NET ASSETS 326,448 FUNDS 16 Unrestricted funds TOTAL FUNDS |
Restricted funds £ - - - - - - - - - |
31.12.20 Total funds £ 224,608 250 3,393 103,802 107,445 (5,605) 101,840 326,448 326,448 326,448 326,448 |
31.12.19 Total funds £ 232,554 500 3,289 74,394 78,183 (1,360) 76,823 309,377 309,377 309,377 309,377 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 5 May 2021 and were signed on its behalf by:
V Horne - Trustee
The notes form part of these financial statements
Page 6
Romford Drum and Trumpet Corps (RDTC)
Notes to the Financial Statements for the Year Ended 31 December 2020
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared 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' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - in accordance with the property Fixtures and fittings - 10% on reducing balance
Instruments and other equipment have been valued at net realisable value and will be revalued each year. This is a departure from recognised accounting principles, but we consider it to show a true and fair view of the value.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
continued...
Page 7
Romford Drum and Trumpet Corps (RDTC)
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
| 2. | DONATIONS AND LEGACIES | DONATIONS AND LEGACIES | ||
|---|---|---|---|---|
| 31.12.20 | 31.12.19 | |||
| £ | £ | |||
| Donations | - | 1,640 | ||
| Grants | 26,998 | (1) | ||
| Subscriptions | 360 | 485 | ||
| 27,358 | 2,124 | |||
| Grants received, included in the | above, are as follows: | |||
| 31.12.20 | 31.12.19 | |||
| £ | £ | |||
| London Borough of Havering | 27,000 | - | ||
| Other grants | (2) | (1) | ||
| 26,998 | (1) | |||
| 3. | OTHER TRADING ACTIVITIES | |||
| 31.12.20 | 31.12.19 | |||
| £ | £ | |||
| Fundraising activities | 2,483 | 9,297 | ||
| 4. | INVESTMENT INCOME | |||
| 31.12.20 | 31.12.19 | |||
| £ | £ | |||
| Deposit account interest | 49 | 92 | ||
| 5. | INCOME FROM CHARITABLE ACTIVITIES | |||
| 31.12.20 | 31.12.19 | |||
| Activity | £ | £ | ||
| Venue hire | Taunton Hall | 34,155 | 34,700 | |
| Clothing Income | Marching Band | 21 | 415 | |
| Engagement Income | Marching Band | 220 | 15,002 | |
| 34,396 | 50,117 |
continued...
Page 8
Romford Drum and Trumpet Corps (RDTC)
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
6. RAISING FUNDS
Raising donations and legacies
| Fundraising expenses Other trading activities Opening stock Closing stock Aggregate amounts CHARITABLE ACTIVITIES COSTS Taunton Hall Marching Band |
31.12.20 31.12.19 £ £ 2,027 3,385 31.12.20 31.12.19 £ £ 500 450 (250) (500) 250 (50) 2,277 3,335 Support Direct costs (see Costs note 8) Totals £ £ £ 36,029 - 36,029 8,339 570 8,909 44,368 570 44,938 |
|---|---|
7. CHARITABLE ACTIVITIES COSTS
8. SUPPORT COSTS
| SUPPORT COSTS | |
|---|---|
| Governance | |
| costs | |
| £ | |
| Marching Band | 570 |
9. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019.
continued...
Page 9
Romford Drum and Trumpet Corps (RDTC)
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
| 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 2,124 Charitable activities Taunton Hall 34,700 Marching Band 15,417 Other trading activities 9,297 Investment income 92 Total 61,630 EXPENDITURE ON Raising funds 3,335 Charitable activities Taunton Hall 43,725 Marching Band 22,607 Total 69,667 NET INCOME/(EXPENDITURE) (8,037) RECONCILIATION OF FUNDS Total funds brought forward 317,414 TOTAL FUNDS CARRIED FORWARD 309,377 |
Restricted funds £ - - - - - - - - - - - - - |
Total funds £ 2,124 34,700 15,417 9,297 92 61,630 3,335 43,725 22,607 69,667 (8,037) 317,414 309,377 |
|---|---|---|
continued...
Page 10
Romford Drum and Trumpet Corps (RDTC)
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
11. TANGIBLE FIXED ASSETS
| Improvements to Plant and property machinery £ £ COST At 1 January 2020 135,732 146,615 Additions - 671 At 31 December 2020 135,732 147,286 DEPRECIATION At 1 January 2020 54,858 220 Charge for year 8,088 - At 31 December 2020 62,946 220 NET BOOK VALUE At 31 December 2020 72,786 147,066 At 31 December 2019 80,874 146,395 12. STOCKS Stocks 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Prepayments and accrued income 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 15. LEASING AGREEMENTS Minimum lease payments under non-cancellable operating leases fall due as follows: In more than five years |
Fixtures and fittings £ 15,027 - 15,027 9,743 528 10,271 4,756 5,284 31.12.20 £ 250 31.12.20 £ 3,393 31.12.20 £ 5,605 31.12.20 £ 13,124 |
Totals £ 297,374 671 |
|---|---|---|
| 298,045 | ||
| 64,821 8,616 |
||
| 73,437 | ||
| 224,608 | ||
| 232,553 | ||
| 31.12.19 £ 500 31.12.19 £ 3,289 31.12.19 £ 1,360 31.12.19 £ 13,124 |
The above operating lease is the lease held by the charity over Taunton Hall, which is held until March 2030.
continued...
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Romford Drum and Trumpet Corps (RDTC)
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
16. MOVEMENT IN FUNDS
| Unrestricted funds General fund General - Taunton Hall Designated - Hall maintenance & groundworks fund Designated - Instrument and uniform maintenance fund Designated - Building depreciation fund Designated - Coronavirus fund TOTAL FUNDS Net movement in funds, included in the above are as Unrestricted funds General fund Designated - Building depreciation fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund General - Taunton Hall Designated - Hall maintenance & groundworks fund Designated - Instrument and uniform maintenance fund Designated - Building depreciation fund Designated - Coronavirus fund TOTAL FUNDS |
At 1.1.20 £ 176,184 27,319 5,000 10,000 80,874 10,000 309,377 309,377 follows: At 1.1.19 £ 185,783 28,405 5,000 10,000 88,226 - 317,414 317,414 |
Net movement in funds £ 25,159 - - - (8,088) - 17,071 17,071 Incoming resources £ 64,287 (1) 64,286 64,286 Net movement in funds £ 401 (1,086) - - (7,352) - (8,037) (8,037) |
Transfers between At funds 31.12.20 £ £ (5,000) 196,343 - 27,319 5,000 10,000 - 10,000 - 72,786 - 10,000 - 326,448 - 326,448 Resources Movement expended in funds £ £ (39,128) 25,159 (8,087) (8,088) (47,215) 17,071 (47,215) 17,071 Transfers between At funds 31.12.19 £ £ (10,000) 176,184 - 27,319 - 5,000 - 10,000 - 80,874 10,000 10,000 - 309,377 - 309,377 |
|---|---|---|---|
continued...
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Romford Drum and Trumpet Corps (RDTC)
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
16. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 26,930 | (26,529) | 401 |
| General - Taunton Hall | 34,700 | (35,786) | (1,086) |
| Designated - Building depreciation fund | - | (7,352) | (7,352) |
| 61,630 | (69,667) | (8,037) | |
| TOTAL FUNDS | 61,630 | (69,667) | (8,037) |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund General - Taunton Hall Designated - Hall maintenance & groundworks fund Designated - Instrument and uniform maintenance fund Designated - Building depreciation fund Designated - Coronavirus fund TOTAL FUNDS |
At 1.1.19 £ 185,783 28,405 5,000 10,000 88,226 - 317,414 317,414 |
Net movement in funds £ 25,560 (1,086) - - (15,440) - 9,034 9,034 |
Transfers between funds £ (15,000) - 5,000 - - 10,000 - - |
At 31.12.20 £ 196,343 27,319 10,000 10,000 72,786 10,000 |
|---|---|---|---|---|
| 326,448 | ||||
| 326,448 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 91,217 | (65,657) | 25,560 |
| General - Taunton Hall | 34,700 | (35,786) | (1,086) |
| Designated - Building depreciation fund | (1) | (15,439) | (15,440) |
| 125,916 | (116,882) | 9,034 | |
| TOTAL FUNDS | 125,916 | (116,882) | 9,034 |
Transfers between funds
During the year the trustees made a full review of reserves held and funds generated between separate activities.
continued...
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Romford Drum and Trumpet Corps (RDTC)
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
16. MOVEMENT IN FUNDS - continued
Transfers between funds - continued
The purpose of these designated funds are:
Building depreciation fund:
Designated funds to cover the future depreciation of the leasehold improvements over the remaining lease term of the charity.
Instrument & Uniform fund:
Designated funds to cover future planned overhaul or replacement of large pieces of instrumental equipment or uniform in future.
Hall Maintenance fund:
Designated funds to cover any non insured emergency maintenance or repairs required at Taunton Hall of which the charity is liable for.
Coronavirus income fund:
Designated funds to cover loss of earnings from rental income and fundraising income during the 2020 year end due to the Coronavirus pandemic.
17. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2020.
18. CORONAVIRUS - IMPACT UPON THE CHARITY
During the months following the balance sheet date and before the signing of these reports the charity has suffered a drop in rental income due to the restrictions associated with Coronavirus.
The charity have ringfenced £10,000 as a designated fund to cover the expenses of operation whilst the charity was closed.
Whilst the loss of income is unexpected and restrictions of operation have been imposed the trustees consider the financial risk to the charity to be manageable in light of the reserves held. .
19. MERGER DETAILS
Romford Drum and Trumpet Charitable Incorporated Organisation (CIO) was registered on
28th March 2018 and charitable status was also achieved on this date, with registered charity number 1177736.
Romford Drum and Trumpet (charity number 278664), the unincorporated entity, was closed in due course as a result of the creation of the CIO.
Under an asset transfer agreement, all the assets of Romford Drum and Trumpet (unincorporated) were transferred to Romford Drum and Trumpet CIO CIO with effect of the 31st January 2020.
Romford Drum and Trumpet CIO also agreed to discharge the liabilities of Romford Drum and Trumpet as they fall due for payment and in return receive all debts due to Romford Drum and Trumpet as of 1st January 2020.
The financial statements have been prepared upon Charities SORP FRS102 Section 27, subsection 12 - Accounting for charity reconstructions as mergers. The details below show the unincorporated charity's net assets at the date of transfer. The comparative figures shown in the SOFA for the prior year all relate to Romford Drum and Trumpet (unincorporated) because the CIO was dormant during the year.
The net assets of the unincorporated charity were transferred on 1st January 2020 as follows:
continued...
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Romford Drum and Trumpet Corps (RDTC)
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
19. MERGER DETAILS - continued
1st January 2020 £ Fixed Assets 232,555 Stocks, debtors, prepayments and accrued income 3,789 Cash at bank and in hand 74,394 Creditors, accruals and deferred income (1,360) Total net assets 309,378
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Romford Drum and Trumpet Corps (RDTC)
| Detailed Statement of Financial Activities | |||
|---|---|---|---|
| for the Year Ended 31 December 2020 | |||
| 31.12.20 | 31.12.19 | ||
| £ | £ | ||
| INCOME AND ENDOWMENTS | |||
| Donations and legacies | |||
| Donations | - | 1,640 | |
| Grants | 26,998 | (1) | |
| Subscriptions | 360 | 485 | |
| 27,358 | 2,124 | ||
| Other trading activities | |||
| Fundraising activities | 2,483 | 9,297 | |
| Investment income | |||
| Deposit account interest | 49 | 92 | |
| Charitable activities | |||
| Clothing Income | 21 | 415 | |
| Engagement Income | 220 | 15,002 | |
| Venue hire | 34,155 | 34,700 | |
| 34,396 | 50,117 | ||
| Total incoming resources | 64,286 | 61,630 | |
| EXPENDITURE | |||
| Raising donations and legacies | |||
| Fundraising expenses | 2,027 | 3,385 | |
| Other trading activities | |||
| Opening stock | 500 | 450 | |
| Closing stock | (250) | (500) | |
| 250 | (50) | ||
| Charitable activities | |||
| Rent | 13,124 | 13,124 | |
| Venue hire | 250 | 250 | |
| Rates and water | 813 | 601 | |
| Insurance | 2,271 | 2,349 | |
| Light and heat | 6,769 | 9,718 | |
| Telephone & Internet | 697 | 1,185 | |
| Promotional expenses | 66 | 1,367 | |
| Sundries | 40 | 110 | |
| Instrument repairs | 192 | 1,369 | |
| Music and consumables | 496 | 342 | |
| Printing, Postage, Stationery | 836 | 467 | |
| Repairs and renewals | 4,994 | 9,950 | |
| Carried forward | 30,548 | 40,832 |
This page does not form part of the statutory financial statements
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Romford Drum and Trumpet Corps (RDTC)
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 31 December 2020 | ||
| 31.12.20 | 31.12.19 | |
| £ | £ | |
| Charitable activities | ||
| Brought forward | 30,548 | 40,832 |
| Uniforms and clothing | 2,305 | 1,481 |
| Coach and Travel | - | 4,100 |
| Tutor fees | 2,010 | 1,504 |
| Engagement Expenses | - | 9,711 |
| Training costs | 665 | - |
| Licences | 224 | 255 |
| Improvements to property | 8,087 | 7,352 |
| Fixtures and fittings | 529 | 587 |
| 44,368 | 65,822 | |
| Support costs | ||
| Governance costs | ||
| Auditors' remuneration for non audit work | 570 | 510 |
| Total resources expended | 47,215 | 69,667 |
| Net income/(expenditure) | 17,071 | (8,037) |
This page does not form part of the statutory financial statements
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