The Waverley Ensemble
Registered Charity 1181014 in England and Wales
Annual accounts
| Annual accounts | ||||
|---|---|---|---|---|
| 1 January – 31 December 2023 | ||||
| 2022 | 2023 | |||
| Events: Concerts, Competition Rounds and Masterclasses | Income | Expenditure | Surplus | |
| £1,279.50 | Ticket sales including refreshment | £567.89 | ||
| £300.00 | Sponsorship and donations | £20.00 | ||
| less | ||||
| £1,728.96 | Musicians fees and expenses | £1,778.01 | ||
| £145.00 | Premises hire and instrument hire | £230.00 | ||
| £275.00 | Refreshments, programmes and miscellaneous costs | £100.00 | £90.00 | |
| **-£569.46 ** | Totals | £687.89 | £2,098.01 | -£1,410.12 |
| IYOB Project - See Note 1 | ||||
| £3,566.00 | Fees received for students | £8,485.00 | ||
| Sponsorship and donations | ||||
| less | ||||
| £525.79 | Musicians fees and expenses | £500.00 | ||
| £520.00 | Premises hire and instrument hire | -£200.00 | ||
| £1,526.94 | Miscellaneous costs, travel, advertising, | £8,305.00 | ||
| **£993.27 ** | Totals | £8,485.00 | £8,605.00 | -£120.00 |
| String Competition - See Note 2 | ||||
| £700.00 | Entry fees | £1,000.00 | ||
| Sponsorship of prizes | ||||
| Advertising income | ||||
| Programme sales | ||||
| less | ||||
| Prizes | £2,060.00 | |||
| £390.00 | Judges fees | £724.75 | ||
| £217.00 | Miscellaneous | £1,000.00 | ||
| **£93.00 ** | Totals | £1,000.00 | £3,784.75 | -£2,784.75 |
| Other income | ||||
| £0.00 | Paid engagements | £0.00 | ||
| £1,617.16 | Donations | £3,878.33 | ||
| Grants | £500.00 | |||
| £197.42 | Gift aid | £535.69 | ||
| Miscellaneous incl advertising | ||||
| Conversion of loans from previous years to gifts | £0.00 | |||
| **£1,814.58 ** | Totals | |||
| Other expenditure | ||||
| Publicity and Advertising | £0.00 | |||
| £153.44 | Insurance | £297.44 | ||
| £122.00 | Telephone and Internet | £268.80 | ||
| £148.29 | Bank charges | £74.58 | ||
| £170.00 | Office and miscellaneous | £144.00 | ||
| **£593.73 ** | Totals | £4,914.02 | £784.82 | £4,129.20 |
| **£7,660.08 ** | Total income | £15,086.91 | ||
| **£5,922.42 ** | Total expenditure | £15,272.58 | ||
| **£1,737.66 ** | Surplus | -£185.67 | ||
| Balance Sheet at 31 December 2023 | ||||
| General fund | ||||
| Balance at 1 January 2023 | £8,790.73 | |||
| Surplus for year | -£185.67 | |||
| Total | £8,605.06 | |||
| Total funds (unrestricted) | £8,605.06 | |||
| Represented by: | ||||
| Assets | ||||
| Cash at bank | ||||
| HSBC | £20,751.26 | |||
| PayPal | £0.00 | |||
| Total | £20,751.26 | |||
| Debtors (Printed programmes for March concert) | £385.80 | |||
| Liabilities (creditors) | ||||
| Payments received in advance for IYOB project - See Note 1 | -£12,532.00 | |||
| Amounts falling due in less than one year | ||||
| Amounts falling due after one year | ||||
| Total | £8,605.06 | |||
| Total net assets at year end | £8,605.06 | |||
| Accounts prepared on accruals basis | ||||
| Note 1: The IYOB Project is spread over several years with occasional major donations, | ||||
| phased payments from participants, regular tutorials, and the main expenditure expected in | ||||
| 2024. Expenditure is entered in the year that it occurs. Any excess of donations over | ||||
| expenditure in each year is rolled forward to the following year until the project is completed. |
Note 2: Income and expenditure are recorded on the date when they occur irrespective of the date of the competition itself
R J Horrocks Treasurer Date: 15 January 2024