OpenCharities

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2022-10-31-accounts

Unrestricted
funds available
on 31/10/2021 were f16,823.
Brief statement
ofthe
charity's
policy on
reserves We do not have a policy on reserves;
currently
there is no requirement
to
do so. The trustees
will review this situation
ifthe need arises.
Details ofany funds
in deficit
materially None
Further financial
review details
(Optional
information)
You may choose to include
additional
information,
where
relevant
about:
Funding
ofthe band(s) has been severely affected by Covid-19 during
this year, where the band(s) have been unable to generate
funds from
concerts
until the Christmas
concert
in December 2021.
the charity's
principal
sources offunds
(including
An amount
ofdonated
funding
was achieved
through
the Christmas
carolling
period, even though
a reduced
number of bandmembers
were
any fundraising); able to participate
due to Covid-19 restrictions.
~ how expenditure has
supported
the key
ofthe charity;
objectives Additional
sources offunding
this year have been band member
subscriptions
and grants (Plymouth
Music Education
Hub).
~ investment
policy
and
objectives including any The income supports
the main activities ofthe band(s),
with the main
ethical investment policy costs including
purchasing
and refurbishing
musical
instruments
(this
adopted. enables
new members
to join the band(s)
ifthey do not have their own
musical
instrument)
the purchase
of new music and transport
costs,
however,
there has been little expenditure
made during
the year due to
Covid-19 restrictions.
One ofthe main objectives ofthe band is to generate sources offunds
through
fundraising
and grant applications.
The band was successful
in
receiving a grant for 819,974 from The Postcode Lottery to be used for
the purchase
of new instruments,
repair ofolder instruments
and the
urchase of additional
music and music stands.
S
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Full name(s) Sally Jeffery Kenneth Ayre
Position (eg Secretary, Band Secretary and Trustee. Chair of Trustees
Chair, etc)
Date
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Section Section Section Section 8 Statement ofassets and liabilities at the end ofthe period
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