REGISTERED CHARITY NUMBER: 211012
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
FOR
CONCERT ARTISTES' ASSOCIATION BENEVOLENT FUND
Raffingers Holdings Limited Chartered Accountants 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 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 11 |
| Detailed Statement of Financial Activities | 12 |
CONCERT ARTISTES' ASSOCIATION BENEVOLENT FUND
REPORT OF THE TRUSTEES for the year ended 30 September 2025
The trustees present their report with the financial statements of the charity for the year ended 30 September 2025. 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.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
Income is mainly derived from investment in M&G Investment and COIF Charity Funds. Expenses increased in comparison with the previous year due to more grants being paid during the year.
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 2025 would be six months of resources expended which equates to approximately £35,000.
The actual reserves as at 30 September 2025 were £18,257 after excluding fixed asset investment amounting to £865,767.
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.
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CONCERT ARTISTES' ASSOCIATION BENEVOLENT FUND
REPORT OF THE TRUSTEES
for the year ended 30 September 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
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
Mr C Emmett Trustee Ms A A Gaynor Trustee Mr J R Pluck Trustee
Independent Examiner
Raffingers Holdings Limited Chartered Accountants 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.
Approved by order of the board of trustees on 12 March 2026 and signed on its behalf by:
Ms A A Gaynor - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CONCERT ARTISTES' ASSOCIATION BENEVOLENT FUND
Independent examiner's report to the trustees of Concert Artistes' Association Benevolent Fund
I report to the charity trustees on my examination of the accounts of Concert Artistes' Association Benevolent Fund (the Trust) for the year ended 30 September 2025.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation 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 Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Raffingers Holding Limited
Raffingers Holdings Limited Chartered Accountants 19-20 Bourne Court Southend Road Woodford Green Essex IG8 8HD
12 March 2026
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CONCERT ARTISTES' ASSOCIATION BENEVOLENT FUND
STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 30 September 2025
| 2025 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 1,042 Investment income 3 27,701 Total 28,743 EXPENDITURE ON Charitable activities 4 Relief of distressed members of the Association 53,197 Net gains/(losses) on investments (31,731) NET INCOME/(EXPENDITURE) (56,185) RECONCILIATION OF FUNDS Total funds brought forward 940,209 TOTAL FUNDS CARRIED FORWARD 884,024 |
2024 Total funds £ - 27,377 |
|---|---|
| 27,377 | |
| 69,937 | |
| 80,228 | |
| 37,668 902,541 |
|
| 940,209 |
The notes form part of these financial statements
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CONCERT ARTISTES' ASSOCIATION BENEVOLENT FUND
BALANCE SHEET
30 September 2025
| 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 |
2025 Unrestricted fund £ 865,767 7,303 16,354 23,657 (5,400) 18,257 884,024 884,024 884,024 884,024 |
2024 Total funds £ 927,498 7,106 14,606 21,712 (9,001) 12,711 940,209 940,209 940,209 940,209 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 12 March 2026 and were signed on its behalf by:
Ms A A Gaynor - Trustee
The notes form part of these financial statements
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CONCERT ARTISTES' ASSOCIATION BENEVOLENT FUND
NOTES TO THE FINANCIAL STATEMENTS for the year ended 30 September 2025
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.
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 company is considered to pass the tests set out in Sch. 6, para. 1 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Pt. 11, Ch. 3 of the Corporation Tax Act 2010 or s. 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the board of the trustees.
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continued...
CONCERT ARTISTES' ASSOCIATION BENEVOLENT FUND
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 September 2025
1. ACCOUNTING POLICIES - continued
Fund accounting
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 provisions
Creditors and provisions 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
| 2. | DONATIONS AND LEGACIES | ||
|---|---|---|---|
| 2025 | 2024 | ||
| £ | £ | ||
| Donations and legacies | 1,042 | - | |
| 3. | INVESTMENT INCOME | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Dividends | 27,701 | 27,377 |
continued...
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CONCERT ARTISTES' ASSOCIATION BENEVOLENT FUND
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 September 2025
4. CHARITABLE ACTIVITIES COSTS
5.
| Relief of distressed members of the Association SUPPORT COSTS Relief of distressed members of the Association |
Grant Support Direct funding of costs (see Costs activities note 5) £ £ £ 11,988 41,150 59 |
Totals £ 53,197 |
|---|---|---|
| Finance £ 59 |
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 September 2025 nor for the year ended 30 September 2024.
Trustees' expenses
During the previous year, administrative expenses of £24 were reimbursed to the Trustees.
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Investment income | 27,377 |
| EXPENDITURE ON | |
| Charitable activities | |
| Relief of distressed members of the Association | 69,937 |
| Net gains on investments | 80,228 |
| NET INCOME | 37,668 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 902,541 |
| TOTAL FUNDS CARRIED FORWARD | 940,209 |
continued...
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CONCERT ARTISTES' ASSOCIATION BENEVOLENT FUND
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 September 2025
8. AUDITORS' REMUNERATION
During the previous year, audit fees of £6,360 were included in expenditure.
9. FIXED ASSET INVESTMENTS
| FIXED ASSET INVESTMENTS | |
|---|---|
| Listed | |
| investments | |
| £ | |
| MARKET VALUE | |
| At 1 October 2024 | 927,498 |
| Disposals | (30,000) |
| Revaluations | (31,731) |
| At 30 September 2025 | 865,767 |
| NET BOOK VALUE | |
| At 30 September 2025 | 865,767 |
| At 30 September 2024 | 927,498 |
There were no investment assets outside the UK.
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other creditors MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 28,743 TOTAL FUNDS 28,743 |
At 1.10.24 £ 940,209 940,209 Resources expended £ (53,197) (53,197) |
2025 2024 £ £ 5,400 9,001 Net movement At in funds 30.9.25 £ £ (56,185) 884,024 (56,185) 884,024 Gains and Movement losses in funds £ £ (31,731) (56,185) (31,731) (56,185) |
|---|---|---|
11. MOVEMENT IN FUNDS
continued...
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CONCERT ARTISTES' ASSOCIATION BENEVOLENT FUND
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 September 2025
11. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.10.23 £ Unrestricted funds General fund 902,541 TOTAL FUNDS 902,541 Comparative net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 27,377 (69,937) TOTAL FUNDS 27,377 (69,937) A current year 12 months and prior year 12 months combined position is as follows: At 1.10.23 £ Unrestricted funds General fund 902,541 TOTAL FUNDS 902,541 |
Net movement At in funds 30.9.24 £ £ 37,668 940,209 37,668 940,209 Gains and Movement losses in funds £ £ 80,228 37,668 80,228 37,668 Net movement At in funds 30.9.25 £ £ (18,517) 884,024 (18,517) 884,024 |
At 30.9.24 £ 940,209 |
|---|---|---|
| 940,209 | ||
| 884,024 |
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 | 56,120 | (123,134) | 48,497 | (18,517) |
| TOTAL FUNDS | 56,120 | (123,134) | 48,497 | (18,517) |
continued...
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CONCERT ARTISTES' ASSOCIATION BENEVOLENT FUND
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 September 2025
11. MOVEMENT IN FUNDS - continued
Unrestricted funds represent funds available to the trustees for the general purposes of the charity.
12. RELATED PARTY DISCLOSURES
Charges were made by the Concert Artistes' Association of £3,600 (2024 - £3,600) in respect of use of the 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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CONCERT ARTISTES' ASSOCIATION BENEVOLENT FUND
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 30 September 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations and legacies | 1,042 | - |
| Investment income | ||
| Dividends | 27,701 | 27,377 |
| Total incoming resources | 28,743 | 27,377 |
| EXPENDITURE | ||
| Charitable activities | ||
| Gifts and donations | 2,453 | 2,386 |
| Use of office | 3,600 | 3,600 |
| Administration expenses | 1,535 | 1,453 |
| Bereavement grants | 2,600 | 850 |
| Accountancy fees | 1,800 | - |
| Grants to individuals | 41,150 | 55,208 |
| 53,138 | 63,497 | |
| Support costs | ||
| Finance | ||
| Bank charges | 59 | 80 |
| Governance costs | ||
| Auditors' remuneration | - | 6,360 |
| Total resources expended | 53,197 | 69,937 |
| Net expenditure before gains and losses | (24,454) | (42,560) |
| Realised recognised gains and losses | ||
| Unrealised gains/(losses) fixed asset investment | (32,183) | 78,979 |
| Realised gains/(losses) fixed asset investment | 452 | 1,249 |
| Net (expenditure)/income | (56,185) | 37,668 |
This page does not form part of the statutory financial statements
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