| Briefstatement ofthe charity's policy on reserves |
Briefstatement ofthe charity's policy on reserves |
Briefstatement ofthe charity's policy on reserves |
Briefstatement ofthe charity's policy on reserves |
The choir's total funds less liabilities stood at 869,364at the year end, compared to 68,771 at the end of last year. |
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| It has again not proved necessary to use reserves to make up any |
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| shortfall over the season. |
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| The reserves policy did not change during the year. Reserves off33,000 |
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| are held to protect against future financial shocks and pressures. | ||||
| Designated funds ofF21,000 are held for the purchase of new equipment |
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| (f3,000), staging (F15,000) and website / system development (R3,000). f10,000 initially held for an event during 2022 is expected to be |
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| earmarked for a future major event. |
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| The budget for future seasons and the Reserves Policy will be reviewed |
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| following the appointment ofa Musical Director during 2022-23. |
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| No calls were made during the year on the Anne Garton Bursary Fund, | ||||
| that supports the bursary scheme to cover subscriptions in case of |
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| financial difficulty. The fund remains low atf915. New sources offunds |
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| still need to be obtained to fund bursaries in the medium to long term. |
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| Details ofany funds in deficit |
materially | None. | ||
| Further financial review details |
(Optional information) |
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| You may choose to | include | Basis ofAccounts | ||
| additional information, relevant about: |
where | The choir's accounts are prepared on a 'Receipts and Payments' basis and are prepared in accordance with Charity Commission requirements |
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| s | the charity's principal |
based on the CC16a template. | ||
| sources offunds any fundraising); |
(including | Financial Highlights |
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| how expenditure has supported the key objectives ofthe charity; |
Membership and subscriptions (atf16,418)are back to 75%oftheir pre- Covid level. Expenditure atf30,428 was about 55%ofthe pre-Covid level (excluding self-funded tour costs). Expenditure is expected to increase in future years as we get back to a complete programme of |
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| investment policy |
and | activities. | ||
| objectives inciuding ethical investment adopted. |
any policy |
Unrestricted funds received a surplus ofE1,884. The reduction ofP3,155 in restricted funds was caused by the repayment of member credits accumulated during the Covid years, and the use ofE1,230 raised last year to help fund the 80'" Anniversary concert. The anniversary was also |
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| supported by further donations off200 and aE2,000 grant from the HR |
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| Taylor Trust. The Josephine Baker Trust again provided f300 of |
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| financial support for soloists at our spring concert. |
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| R2,075was raised in fundraising and donations this year, similar to last |
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| season. The summer BBQraised F458, sponsored walks f641 and the |
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| 100Club 2150. No corporate match or volunteer funding was obtained |
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| this year. |
| Statement ofReceipts | Statement ofReceipts | and Expenditure | for | the year ending | 31July 2022 | ||
|---|---|---|---|---|---|---|---|
| RECEIPTS | |||||||
| 2022 | 2021 | ||||||
| Category | Unrestricted | Restricted | Total | Total | |||
| f | f | ||||||
| Subscriptions | 16,418.67 | 16,418.67 | 9,766.00 | ||||
| Friends | 68.00 | 68.00 | 350.00 | ||||
| Anne Garton Bursary Fund Fundraising | 260.00 | ||||||
| Anniversary Fund Fundraising |
income | 680.00 | |||||
| Anniversary Fund Donations |
200.00 | 200.00 | 550.00 | ||||
| Other Fundraising Income |
1,327.19 | 1,327.19 | 273.73 | ||||
| Other Donations | 547.98 | 547.98 | 273.77 | ||||
| Dell match / volunteer | funding | 741.45 | |||||
| Season tickets | (128.00) | ||||||
| Concert receipts | 7,203.95 | 7,203.95 | |||||
| Josephine Baker |
Trust Grant | 300.00 | 300.00 | ||||
| HR Taylor Trust | 2,000.00 | 2,000.00 | |||||
| Workshop receipts |
256.05 | 256.05 | |||||
| Tour receipts | 2,000.00 | 2,000.00 | |||||
| Music hire income | 2,298.67 | 2,298.67 | 641.48 | ||||
| Music sales | 252.95 | 252.95 | 18.50 | ||||
| Advertising receipts |
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| Face masks, collections, sundry receipts | 142.00 | 142.00 | 1,251.00 | ||||
| External event receipts | 33.00 | 33.00 | |||||
| Tax refund | 4,905.76 | ||||||
| Bank interest | 33.82 | 33.82 | 4.99 | ||||
| .GROSS INCOME | 30,582.28 | 2,500.00 | 33,082.28 | 19,588.68 | |||
| Member credits | |||||||
| Credits given for tour | (2,000.00) | 2,000.00 | |||||
| Credits given for subs | 675.00 | ||||||
| Credits given for season tickets | 96.00 | ||||||
| Cash refunds Credits used Total |
(2,000.00) | (2,187.17) (1,738.00) (1,925.17) |
(2,187.17) 1,738.00) (3,925.17) |
(495.00) ~{2,415.00 (2,139.00) |
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| TOTALS RECEIPTS | f28,582.28 | f574.83 | f29,157.11 | E17,449.68 |
| EXPEND!TURE | ||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Category | Unrestricted f |
Restricted f |
Total | Total f |
| MD rehearsal fees | 5,109.26 | 5,109.26 | 5,180.00 | |
| Accompanist rehearsal fees |
3,531.64 | 3,531.64 | 2,649.80 | |
| Hire ofrehearsal hall |
1,788.64 | 1,788,64 | 815.00 | |
| Fundra ising expenditure | 263.48 | 263.48 | ||
| MD concert fees | 1,760.00 | 1,760.00 | 300.00 | |
| MD bonus | 950.00 | |||
| Accompanist concert fees |
745.00 | 745.00 | 145.20 | |
| Other concert expenditure | 8,121.94 | 8,121.94 | 1,012.38 | |
| HR Taylor Trust | 2,000.00 | 2,000.00 | ||
| Josephine Baker Trust Grant |
300.00 | 300.00 | ||
| Anniversary Event Fund |
1,430.00 | 1,430.00 | ||
| MD workshop fees | 375.00 | 375.00 | ||
| Accompanist workshop fees |
185.15 | 185.15 | ||
| Music hire expenditure | 1,684.10 | 1,684.10 | 430.60 | |
| Music purchase | 110.39 | 110.39 | 139.65 | |
| Face masks, collections, sundry expenses | 331.39 | 331.39 | 1,781.75 | |
| External event expenditure | 66.00 | |||
| Administration and insurance |
1,646.73 | 1,646,73 | 1,104.00 | |
| Lega Icosts | 2,070.00 | |||
| Hire ofgarage | 895.20 | 895.20 | 895.20 | |
| Storage | 150.00 | 150.00 | 400.00 | |
| TOTAL EXPENDITURE | 26,697.92 | 3,730.00 | 30p427,92 | 17,939.58 |
| SUMMARY | ||||
|---|---|---|---|---|
| Total Receipts | 28,582.28 | 574.83 | 29,157.11 | 17,449.68 |
| less Total Expenditure | (26,697.92) | (3,730.00) | (30,427.92) | (17,939.58) |
| Surplus/(Deficit) for year |
1,884.36 | (3,155.17) | (1,270.81) | (489.90) |
| Cash Funds at last year end | 66,659.10 | 4,070.32 | 70,729.42 | 71,219.32 |
| TOTAL CASH FUNDS AT YEAR END | 68~54346 | 91515 | 69p458 61 | 70,729.42 |
| MONETARY ASSETS | MONETARY ASSETS | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Unrestricted | Restricted | Total | Total | |
| f | f | f | f. | |
| Current Account (CAF Cash) | 17,912.05 | 915.15 | 18,827.20 | 20,505.85 |
| Deposit Account (CAF Gold) | 8,155.65 | 8,155.65 | 8,150.47 | |
| Deposit Account (CAF Gold) | 10.00 | 10.00 | 10.00 | |
| Long Term Deposit Account (CAF Platinum) | 41,825.77 | 41,825.77 | 41,799.17 | |
| Cash and cheques on hand | 639.99 f68,543.46 |
f915.15 | 639.99 f69,458.61 |
263.93 f70,729.42 |
| REPRESENTED BY | FUNDS | |||
| General Fund |
4,543.46 | 4,543.46 | 2,659.10 | |
| Reserves | 33,000.00 | 33,000.00 | 33,000.00 | |
| Designated Funds |
31,000.00 | 31,000.00 | 31,000.00 | |
| Anne Garton Bursary | 915.15 | 915.15 | 915.15 | |
| Anniversary Event Fund |
1,230.00 | |||
| Member Credits | 1,925.17 | |||
| f68,543.46 | f915.15 | f69,458.61 | f70,729.42 | |
| LIABILITIES | ||||
| Member Credits | 1,925.17 | |||
| Refunds Due |
94.00 | 94.00 | 33.00 | |
| f94.00 | f0.00 | f94.00 | f1p958.17 | |
| Notes |
| Statement ofReceipts | Statement ofReceipts | Statement ofReceipts | and Expenditure | forthe year ending | 31July 2022 | ||
|---|---|---|---|---|---|---|---|
| RECEIPTS | |||||||
| 2022 | 2021 | ||||||
| Category | Unrestricted f |
Restricted f |
Total f |
Total f |
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| Subscriptions | 16,418.67 | 16,418.67 | 9,766.00 | ||||
| Friends | 68.00 | 68.00 | 350.00 | ||||
| Anne Garton Bursary Fund Fundraising | 260.00 | ||||||
| Anniversary Fund Fundraising |
Income | 680.00 | |||||
| Anniversary Fund Donations |
200.00 | 200.00 | 550.00 | ||||
| Other Fundraising Income |
1,327.19 | 1,327.19 | 273.73 | ||||
| Other Donations | 547.98 | 547.98 | 273.77 | ||||
| Dell match / volunteer | funding | 741.45 | |||||
| Season tickets | (128.00) | ||||||
| Concert receipts | 7,203.95 | 7,203.95 | |||||
| Josephine Baker |
Trust Grant | 300.00 | 300.00 | ||||
| HR Taylor Trust | 2,000.00 | 2,000.00 | |||||
| Workshop receipts |
256.05 | 256.05 | |||||
| Tour receipts | 2,000.00 | 2,000.00 | |||||
| Music hire income | 2,298.67 | 2,298.67 | 641.48 | ||||
| Music sales | 252.95 | 252.95 | 18.50 | ||||
| Advertising receipts |
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| Face masks, collections, | sundry receipts | 142.00 | 142.00 | 1,251.00 | |||
| Externalevent receipts |
33.00 | 33.00 | |||||
| Tax refund | 4,905.76 | ||||||
| Bank interest | 33.82 | 33.82 | 4.99 | ||||
| .GROSS INCOME | 30,582.28 | 2,500.00 | 33,082.28 | 19,588.68 | |||
| Member credits | |||||||
| Credits given for tour | (2,000.00) | 2,000.00 | |||||
| Credits given for subs | 675.00 | ||||||
| Credits given for season tickets | 96.00 | ||||||
| Cash refunds Credits used |
(2,187.17) 1,738.00 |
(2,187.17) (1,738.00) |
(495.00) ~t2, 415.DD |
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| Total | (2,000.00) | (1,925.17) | (3,925.17) | (2,139.00) | |||
| TOTALS RECEIPTS | f28,582.28 | f574.83 | f29,157.11 | f17,449.68 |
| EXPENDITURE | ||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Category | Unrestricted f |
Restricted f |
Total f |
Total f |
| MD rehearsal fees | 5,109.26 | 5,109.26 | 5,180.00 | |
| Accompanist rehearsal fees |
3,531.64 | 3,531.64 | 2,649.80 | |
| Hire ofrehearsal hall |
1,788.64 | 1,788.64 | 815.00 | |
| Fundraising expenditure |
263.48 | 263.48 | ||
| MD concert fees | 1,760.00 | 1,760.00 | 300.00 | |
| MD bonus | 950.00 | |||
| Accompanist concert fees |
745.00 | 745.00 | 145.20 | |
| Other concert expenditure | 8,121.94 | 8,121.94 | 1,012.38 | |
| HR Taylor Trust | 2,000.00 | 2,000.00 | ||
| Josephine Baker Trust Grant |
300.00 | 300.00 | ||
| Anniversary Event Fund |
1,430.00 | 1,430.00 | ||
| MD workshop fees | 375.00 | 375.00 | ||
| Accompanist workshop fees |
185.15 | 185.15 | ||
| Music hire expenditure | 1,684.10 | 1,684.10 | 430.60 | |
| Music purchase | 110.39 | 110.39 | 139.65 | |
| Face masks, collections, sundry expenses | 331.39 | 331.39 | 1,781.75 | |
| External event expenditure | 66.00 | |||
| Administration and insurance |
1,646.73 | 1,646,73 | 1,104.00 | |
| Legal costs | 2,070.00 | |||
| Hire ofgarage | 895.20 | 895.20 | 895.20 | |
| Storage | 150.00 | 150.00 | 400.00 | |
| TOTAL EXPENDITURE | 26,697.92 | 3,730.00 | 30,427.92 | 17,939.58 |
| SUMMARY | ||||
|---|---|---|---|---|
| Total Receipts | 28,582.28 | 574.83 | 29,157.11 | 17,449.68 |
| less Total Expenditure | (26,697.92) | (3,730.00) | (30,427.92) | (17,939.58) |
| Surplus/(Deficit) for year |
1,884.36 | (3,155.17) | (1,270.81) | (489.90) |
| Cash Funds at last year end | 66,659.10 | 4,070.32 | 70,729.42 | 71,219.32 |
| TOTAL CASH FUNDS AT YEAR END | 68,543.46 | 915.15 | 69,458.61 | 70p729.42 |
| MONETARY AS | SETS | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Unrestricted | Restricted | Total | Total | ||
| f | f | f | f | ||
| Current Account | (CAF Cash) | 17,912.05 | 915.15 | 18,827.20 | 20,505.85 |
| Deposit Account | (CAF Gold) | 8,155.65 | 8,155.65 | 8,150.47 | |
| Deposit Account | (CAF Gold) | 10.00 | 10.00 | 10.00 | |
| Long Term Deposit Account (CAF Platinum) | 41,825.77 | 41,825.77 | 41,799.17 | ||
| Cash and cheques | on hand | 639.99 f68,543.46 |
f915.15 | 639.99 f69,458.61 |
263.93 F70,729.42 |
| REPRESENTED BY | FUNDS | ||||
| General Fund |
4,543.46 | 4,543.46 | 2,659.10 | ||
| Reserves | 33,000.00 | 33,000.00 | 33,000.00 | ||
| Designated Funds |
31,000.00 | 31,000.00 | 31,000.00 | ||
| Anne Garton Bursary | 915.15 | 915.15 | 915.15 | ||
| Anniversary Event Fund |
1,230.00 | ||||
| Member Credits | 1,925.17 | ||||
| f68,543.46 | f915.15 | f69r458.61 | f70r729.42 | ||
| LIABILITIES | |||||
| Member Credits | 1,925.17 | ||||
| Refunds Due |
94.00 | 94.00 | 33.00 | ||
| f94.00 | f0.00 | f94.00 | f1,958.17 |