2021-09-30-accounts - The Concert Artistes Association Benevolent Fund

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REGISTERED CHARITY NUMBER: 211012

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2021

FOR

CONCERT ARTISTES' ASSOCIATION BENEVOLENT FUND

Raffingers LLP 19-20 Bourne Court Southend Road Woodford Green Essex IG8 8HD

CONCERT ARTISTES' ASSOCIATION BENEVOLENT FUND

CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 30 September 2021

	Page
Report of the Trustees	1 to 3
Report of the Independent Auditors	4 to 7
Statement of Financial Activities	8
Balance Sheet	9
Notes to the Financial Statements	10 to 16
Detailed Statement of Financial Activities	17

CONCERT ARTISTES' ASSOCIATION BENEVOLENT FUND

REPORT OF THE TRUSTEES

for the year ended 30 September 2021

The trustees present their report with the financial statements of the charity for the year ended 30 September 2021. 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 objective of the charity is to provide support for members who have fallen on hard times or who are faced with illness and disabilities.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

Income is mainly derived from investment in M&G Investment and COIF Charity Funds.

Incoming resources show a decrease in comparison with the previous year due to a reduction in investment income. Expenses increased in comparison with the previous year due to more grants being paid during the year.

Covid- 19 statement

The impact of the Covid-19 pandemic, which commenced towards the end of the first quarter of 2020 and has had a minor impact on the dividend received from COIF Charity Funds and the M&G Investment.

In order to ensure safety is maintained on-site, virtual meetings have been used where possible. Additionally, the charity has sought to improve awareness of the pandemic and best practice to ensure ongoing safety particularly for the older beneficiaries including; adequate hand washing methods and frequency, using face masks when in the vicinity of others and maintaining social distancing at all times particularly taking caution when using public transport. The Charity also sent out emails to its beneficiaries to make them aware of these issues, urging them to practise them to ensure their own safety and that of others.

Internal and external factors

The trustees have made full assessment of the internal and external factors that may affect these financial statements and do not deem any factors material enough to have an impact.

FINANCIAL REVIEW

Investment policy and objectives

Under its trust deed the charity has the ability to invest at the discretion of its board of trustees.

Reserves policy

The board of trustees have established the level of reserves (that is those funds that are freely available) that the charity ought to have. Reserves are needed to bridge the funding gaps between spending on grants and receiving resources through investment income. The trustees considered that the ideal level of reserves as at 30 September 2021 would be six months of resources expended which equates to approximately £20,800

Page 1

CONCERT ARTISTES' ASSOCIATION BENEVOLENT FUND

REPORT OF THE TRUSTEES

for the year ended 30 September 2021

The actual reserves as at 30 September 2021 were £31,229 after excluding fixed asset investments amounting to £686,465. Investments are held by the trustees so that the income can be used for charitable activities.

FUTURE PLANS

Concert Artistes' Association Benevolent Fund will continue to consider various sources of its charitable activities, including grant applications in the furtherance of its objectives.

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

Trustees are appointed due to their interest in the work of the charity and their recognised experience in specific fields which will support the work of the Concert Artistes' Association Benevolent Fund.

Organisational structure

The day to day operation of the charity is controlled and managed by the trustees.

Induction and training of new trustees

New trustees are given a full induction by the senior trustees. Trustees can retire when they wish as they do not serve under a fixed term of tenure.

Wider network

The charity was specifically established to meet the requirement of the qualifying members of the Concert Artistes' Association.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

211012

Principal address

20 Bedford Street London WC2E 9HP

Trustees

Mrs B Humphrey Stage name: Barbara Daniels Mr G Darling (resigned 30/09/2021) Stage name: Glen Hayes Mr C Emmett Stage name: Chris Emmett Mr P J M Lee (appointed 01/10/2021) Stage name: Patrick Lee

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CONCERT ARTISTES' ASSOCIATION BENEVOLENT FUND

REPORT OF THE TRUSTEES

for the year ended 30 September 2021

Auditors

Raffingers LLP 19-20 Bourne Court Southend Road Woodford Green Essex IG8 8HD

PUBLIC BENEFIT REPORT

The board have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the aims and objectives and in planning the charity's future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives set.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland

The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charity SORP;
make judgements and estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

........................................................................ Mrs B Humphrey - Trustee

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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF CONCERT ARTISTES' ASSOCIATION BENEVOLENT FUND

Opinion

We have audited the financial statements of Concert Artistes' Association Benevolent Fund (the 'charity') for the year ended 30 September 2021 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In our opinion the financial statements:

give a true and fair view of the state of the charity's affairs as at 30 September 2021 and of its incoming resources and application of resources, for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'; and
have been prepared in accordance with the requirements of the Charities Act 2011.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

the trustees' use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or
the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the charity's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated.

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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF CONCERT ARTISTES' ASSOCIATION BENEVOLENT FUND

If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or
sufficient accounting records have not been kept; or
the financial statements are not in agreement with the accounting records and returns; or
we have not received all the information and explanations we require for our audit.

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which the audit was considered capable of detecting irregularities including fraud:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
we identified the laws and regulations applicable to the charitable company through discussions with management and from our commercial knowledge and experience of the sector the Charity belongs to;

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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF CONCERT ARTISTES' ASSOCIATION BENEVOLENT FUND

we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the association, including the Charities Act 2011, Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable to the United Kingdom and Republic of Ireland (FRS 102) (effective 1 January 2019), Trustees Act, Bribery Act and data protection;
we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and
identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the charity's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations, including the ones that ensure that the grants are used for intended purposes. To address the risk of fraud through management bias and override of controls, we:
performed analytical procedures to identify any unusual or unexpected relationships;
tested journal entries to identify unusual transactions;
assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and
investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

agreeing financial statement disclosures to underlying supporting documentation;
reading the minutes of meetings of those charged with governance;
enquiring of management as to actual and potential litigation and claims.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of noncompliance. Auditing standards also limit the audit procedures required to identify non- compliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF CONCERT ARTISTES' ASSOCIATION BENEVOLENT FUND

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Raffingers LLP Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 19-20 Bourne Court

Southend Road Woodford Green Essex IG8 8HD

Date: .............................................

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CONCERT ARTISTES' ASSOCIATION BENEVOLENT FUND

STATEMENT OF FINANCIAL ACTIVITIES

for the year ended 30 September 2021

		2021	2020
		Unrestricted
		Total
		fund	funds
	Notes	£	£
INCOME AND ENDOWMENTS FROM
Donations and legacies	2	10,245	40
Investment income	3	19,539	20,660
Total		29,784	20,700
EXPENDITURE ON
Charitable activities	4
Relief of distressed members of the Association		42,797	35,047
Net gains on investments		85,770	6,540
NET INCOME/(EXPENDITURE)		72,757	(7,807)
RECONCILIATION OF FUNDS
Total funds brought forward		644,937	652,744
TOTAL FUNDS CARRIED FORWARD		717,694	644,937

The notes form part of these financial statements

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CONCERT ARTISTES' ASSOCIATION BENEVOLENT FUND

BALANCE SHEET

30 September 2021

Notes FIXED ASSETS Investments 9 CURRENT ASSETS Prepayments and accrued income Cash at bank CREDITORS Amounts falling due within one year 10 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 11 Unrestricted funds TOTAL FUNDS	2021 Unrestricted Total fund £ 686,465 4,970 32,859 37,829 (6,600) 31,229 717,694 717,694 717,694 717,694	2020 funds £ 620,696 5,306 24,335 29,641 (5,400) 24,241 644,937 644,937 644,937 644,937

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. Mrs B Humphrey - Trustee

continued...

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CONCERT ARTISTES' ASSOCIATION BENEVOLENT FUND

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 30 September 2021

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, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the organisation qualifies as a small charity.

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.

Grants offered subject to conditions which have not been met at the year end date, are noted as a commitment but not accrued as expenditure.

Charitable activities

The cost of charitable activities confirm those incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs

Governance costs comprise those costs associated with meeting the constitutional and strategic requirements of the charity and the audit fees and other costs linked to the strategic management of the charity.

continued...

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CONCERT ARTISTES' ASSOCIATION BENEVOLENT FUND

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 30 September 2021

Allocation and apportionment of costs

Overhead and support costs have been allocated first between charitable activity and governance. Overhead and support costs relating to charitable activities have been apportioned based on usage.

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 board 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.

Creditors and provision

Creditors and provision are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Creditors and provision are recognised at the moment the charity anticipates it will pay to settle the debt. They have been discounted to the present value of the future cash payments where such discounting is material.

Cash at bank and in hand and debtors

Cash at bank and in hand represents such accounts and instruments that are available on demand or have a maturity of less than three months form the date of acquisition. Deposits for more than three months but less than one year have been disclosed as short term deposits.

Debtors are recognised at their settlement amount, less any provision for non-recoverability. Prepayments are valued at the amount prepaid. They have been discounted to be present value of the future cash receipt where such discounting is material.

Investments

Listed investments are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closed quoted market price.

Realised and unrealised investment gains (or losses) are combined in the statement of financial activities and are credited (or debited) in the year in which they arise.

2. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
	2021	2020
	£	£
Donations and legacies	10,245	40

continued...

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CONCERT ARTISTES' ASSOCIATION BENEVOLENT FUND

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 September 2021

3. INVESTMENT INCOME

Dividends CHARITABLE ACTIVITIES COSTS Relief of distressed members of the Association	2021 2020 £ £ 19,539 20,660 Grant Support Direct funding of costs (see Costs activities note 5) Totals £ £ £ £ 2,567 33,155 6,575 42,297

4. CHARITABLE ACTIVITIES COSTS

5. SUPPORT COSTS

	Office	Governance
	costs	costs	Totals
	£	£	£
Relief of distressed members of
the Association	2,975	3,600	6,575

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 September 2021 nor for the year ended 30 September 2020.

Trustees' expenses

During the year, £376 of administrative expenses were reimbursed to the Trustees (2020 - £200).

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

	Unrestricted
	fund
	£
INCOME AND ENDOWMENTS FROM
Donations and legacies	40
Investment income	20,660
Total	20,700

continued...

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CONCERT ARTISTES' ASSOCIATION BENEVOLENT FUND

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 September 2021

	EXPENDITURE ON
	Charitable activities
	Relief of distressed members of the
	Association	35,047
	Net gains on investments	6,540
	NET INCOME	(7,807)
	RECONCILIATION OF FUNDS
	Total funds brought forward	652,744
	TOTAL FUNDS CARRIED FORWARD	644,937
8.	AUDITORS' REMUNERATION

Audit fees of £3,600 (2020 - £3,480) are included in the expenditure for the year.

9. FIXED ASSET INVESTMENTS

FIXED ASSET INVESTMENTS
	Listed
	investments
	£
MARKET VALUE
At 1 October 2020	620,696
Disposals	(18,322)
Revaluations	84,091
At 30 September 2021	686,465
NET BOOK VALUE
At 30 September 2021	686,465
At 30 September 2020	620,696

There were no investment assets outside the UK.

continued...

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CONCERT ARTISTES' ASSOCIATION BENEVOLENT FUND

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 September 2021

10.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
					2021	2020
					£	£
	Other creditors				6,600	5,400
11.	MOVEMENT IN FUNDS
					Net
			At	movement		At
			1.10.20	in funds		30.9.21
			£		£	£
	Unrestricted funds
	General fund		644,937	72,757		717,694
	TOTAL FUNDS		644,937	72,757		717,694
	Net movement in funds, included in the above are as		follows:
		Incoming	Resources	Gains and		Movement
		resources	expended		losses	in funds
		£	£		£	£
	Unrestricted funds
	General fund	29,784	(42,797)	85,770		72,757
	TOTAL FUNDS	29,784	(42,797)	85,770		72,757
	Comparatives for movement in funds
					Net
			At	movement		At
			1.10.19	in funds		30.9.20
			£		£	£
	Unrestricted funds
	General fund		652,744		(7,807)	644,937
	TOTAL FUNDS		652,744		(7,807)	644,937

continued...

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CONCERT ARTISTES' ASSOCIATION BENEVOLENT FUND

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 September 2021

Comparative net movement in funds, included in the above are as follows:

	Incoming	Resources	Gains and	Movement
	resources	expended	losses	in funds
	£	£	£	£
Unrestricted funds
General fund	20,700	(35,047)	6,540	(7,807)
TOTAL FUNDS	20,700	(35,047)	6,540	(7,807)

A current year 12 months and prior year 12 months combined position is as follows:

		Net
	At	movement	At
	1.10.19	in funds	30.9.21
	£	£	£
Unrestricted funds
General fund	652,744	64,950	717,694
TOTAL FUNDS	652,744	64,950	717,694

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

	Incoming	Resources	Gains and	Movement
	resources	expended	losses	in funds
	£	£	£	£
Unrestricted funds
General fund	50,484	(77,844)	92,310	64,950
TOTAL FUNDS	50,484	(77,844)	92,310	64,950

Unrestricted funds represent funds available to the trustees for the general purposes of the charity.

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continued...

CONCERT ARTISTES' ASSOCIATION BENEVOLENT FUND

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 September 2021

12. RELATED PARTY DISCLOSURES

Charges were made by the Concert Artistes' Association of £3,000 (2020 - £1,920) in respect of use of office at 20 Bedford Street, London, WC2E 9HP and for general administration expenses.

13. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many organisations of similar size and nature, the charity uses its auditors to assist with the preparation of its financial statements.

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continued...

CONCERT ARTISTES' ASSOCIATION BENEVOLENT FUND

DETAILED STATEMENT OF FINANCIAL ACTIVITIES	DETAILED STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 30 September 2021
	2021	2020
	£	£
INCOME AND ENDOWMENTS
Donations and legacies
Donations and legacies	10,245	40
Investment income
Dividends	19,539	20,660
Total incoming resources	29,784	20,700
EXPENDITURE
Charitable activities
Gifts and donations	1,367	687
Use of office	3,000	1,920
Administration expenses	475	200
Bereavement grants	1,200	1,550
Grants to individuals	33,155	27,210
	39,197	31,567
Support costs
Governance costs
Auditors' remuneration	3,600	3,480
Total resources expended	42,797	35,047
Net expenditure before gains and losses	(13,013)	(14,347)
Realised recognised gains and losses
Unrealised gains/losses fixed asset investment	84,091	6,051
Realised gains/losses fixed asset investment	1,679	489
Net (expenditure)/income	72,757	(7,807)

This page does not form part of the statutory financial statements

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