Friends of Towcester Studio Band (FrOTS) Charity Registration Number: 1199110 Objectives and Activities The charity was established on 1 December 2015 and registered as a Charitable Incorporated Organisation on 27 May 2022. The objects of the Trust are: To promote brass band music for the benefit of the public by the provision of raising money for and grant funding Towcester Studio Band. Grantmakin Polic Friends of Towcester Studio Band seeks to support the additional needs of Towcester Studio Band through the provision of grants. Requests for Revenue and Capital Grants will be considered and areas of support wtll include but is not limited to: Sheet Music Equipment Instrument purchaselhire Instrument repair Uniforms Professional fees Training Bursaries Building maintenance (exceptional need) Achievements and Performance During 2022123, its first year of operation, the charity has been successful in raising donations sufficient to make grants to Towcester Studio Band in accordance with its grant making policy, towards the costs of items which would not constitute everyday activity. Two donations have been made totalling £1,259.31 covering the costs of replacing percussion equipment, and provision of concert music folders. Note: in addition, a payment of £133 was made in error to the charity and forwarded to Towcester Studio Band to rectify this. Snare drum - a donation was made to cover the purchase of a new snare drum to replace one that had broken. Concert folders - a donation enabled the purchase of a full set of concert folders to give a more professional presence on stage for formal concerts Reserves Policy The Trustees have not adopted a specific reserves policy since the demand for grants will be dependent on Towcester Studio Band's needs and request for support. Fundraising Activities The charity is supported by generous monthly donations from its membership and from donations received from other sources. The charity will seek to increase its income through approaches to charitable trusts and foundations, the corporate sector and lottery funds, as appropriate. Risk Management The Trustees have considered the risks the charity may be subject to and are working on a Risk Register to be reviewed annually. Financial Review The charity brought forward a balance of £21,714 from a previous non-registered charity, also named Friends of Towcester Studio Band. The Trust's income is entirely derived from donations and totalled £8,369. Expenditure totalled £1,393 and the Trustees awarded grants totalling £1,259 to support applications received from Towcester Studio Band. There were no admin costs. At the year end, the charity held funds of £28,691, which are represented by cash held in its bank account. During 2023124 the charity hopes to make applications to a range of possible supporters in order to support Towcester Studio Band's increased training needs, community work and, replacement equipment, if required. The Trustees thank our generous individual donors and Parias Commercial Interiors for their financial support during this first year of operation. Q JM-L-J CHARITY COMMISSION FOR ENGLANO ANO WAL£S 11SJ110 Receipts and payments accounts CC16a For the ￿rkn1 from To Section A Receipts and payments fvnds nds Toial fvnds Last )￿aT Al Recdpts InLfv•J￿I GiftAd 13J 21.714 21.714 Sth total(GtDss income ARJ A2 Ass•t lTrvestsnent ￿leS (see ts￿e). Sub to A3Pa rants 58 T58 Irtto%d wr+ 133 13J Sthto A4 As5etaKI Investment wrehast5, (see tablel Sub to Net of reedpWfPa￿nel1ts) 21.191 28.691 A6 Cash funds last year end a691 Section B Statement of assets and liabilities at the end of the period Unre5tiiciv Dds Categor*es funds B1 Cash fvrlds CCXX R1 accounts {SS) 08ffj9r2023 unreslTlC￿ Rosirlcted *Jnds Endo*Thent nds funds Doti.'Is Det3ils loptitywll 84AM•ts mt**)•d for th• charity¥ •y*m use Details BS Ll*biliti•s SpJned by cm ort*Dtru*eesM of ￿￿the tr￿￿ee &"gnotse Print N41T Date of apFKov81 CCXX R2 accounts (SS) 0810912023 8888888 4WQ ooothop 8.88880 ¢) wo oth oh) 8=8888 w o<• o o c¥ ui %8=88888 11111 I I owwoo 8888 **Independent examiner's report on the accounts** **Section A Independent Examiner’s Report** **Report to the trustees/** Charity Name Friends of Towcester Studio Band **members of On accounts for the year** 05/04/23 **Charity no** 1199110 **ended (if any) Set out on pages** (remember to include the page numbers of additional sheets) I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 05/04/23. - **Responsibilities and** As the charity trustees of the Trust, you are responsible for the preparation **basis of report** 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 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. **Independent** I have completed my examination. I confirm that no material matters have **examiner's statement** come to my attention (other than that disclosed below *) in connection with the examination which gives me cause to believe that in, any material respect: - accounting records were not kept in accordance with section 130 of the Act or - the accounts do not accord with the accounting records I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. * _Please delete the words in the brackets if they do not apply._ **Signed: Date:** 19/01/24 **Name:** Andrew Rigby **Relevant professional** Member of the Chartered Institute of Management Accountants (CIMA) **qualification(s) or body (if any): Address:** 5 Bramble Road Towcester Northants NN12 6US **Section B Disclosure** Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). 1 **October 2018** **IER** **Give here brief details of any items that the examiner wishes to disclose** . 2 **October 2018** **IER**