CHELTENHAM MUSIC SOCIETY
TRUSTEES’ REPORT FOR YEAR ENDING 31 MARCH 2022
The Cheltenham Music Society is a registered charity number 279209. It is governed by a written constitution which was last amended at the Annual General Meeting on 30 May 2013. The purpose of the Society is to promote public education in the art and science of music by the presentation of public concerts and in other ways. The Society’s correspondence address is Moat Corner, South View Way, Prestbury, Cheltenham GL52 5BH.
Governance
The Trustees are elected at the Annual General Meeting for renewable three-year terms. The officers are elected at the AGM from among the Trustees. Those entitled to vote at the AGM are members by virtue of having purchased a subscription for the current season. The Trustees during the past year were:
Sir David Pepper Chairman Mr Andrew Ellis Treasurer Mr John Beard Ms Penny Steer Mr John Wright
Dr Penny McCracken* Secretary Mr Michael O’Connell Membership Secretary Mrs Lindsay Tyndall
- Dr McCracken resigned for health reasons in June 2021
In accordance with section 17 of the Charities Act 2011, the Trustees have satisfied themselves that the Society’s purpose and activities provide a public benefit.
Activities
Resuming activity after the Covid lockdown, the Society again promoted a programme of seven concerts. Three of the concerts were by string quartets, and the remainder were by a variety of small ensembles. It also mounted a separate series of two concerts of contemporary music. The artists for one of the main series concerts withdrew because of Covid and were replaced by a cheaper ensemble.
Financial review
The Society this year had a net operating deficit of £271; this was much smaller than expected because of the late change of artists mentioned above and because the sale of single tickets rose significantly compared to previous years. The number of season tickets sold fell by about 13% from 2019-20, the most recent full season, continuing the long-term trend. The value of its investments increased by £4087. At the end of the year the reserves were £57683, which is more than adequate to cover any revenue deficit or other uninsured losses. Money previously held in a Trust Fund and shown separately in previous years’ accounts have now been combined into the main reserve and single balance.
The 2022 AGM was held online because of the uncertainties over Covid-19.
(Signed on behalf of the Trustees)
Sir David Pepper
31 July 2022
Cheltenham Music Society
Statement of Financial Activities for the period 1 st . April, 2021 to 28 th . April, 2022
| Incoming Resources Concerts Subscription Tickets Single Tickets Other Income Donations Investments CCC(please see note) Expenditure Artists Fees and Expenses 19218 Pump Room Hire 3640 Commission 1334 Piano Hire 528 Programmes 232 PRS Levies 881 Publicity 913 Administration 471 CCC (please see note) 3551 Recital (please see note) 1118 Net (Outgoing) Incoming Resources Increase in Value of Investments Trust Funds Balance, brought forward Balance, carried forward |
2021/22 13627 8892 3721 1323 4052 31615 429 432 31886 -271 4087 53867 57683 |
2020/21 212 1182 1394 861 533 1329 18591 23414 53867 |
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|---|---|---|---|---|
Balance Sheet as at 28 th . April, 2022
| Balance Sheet as at 28 th. April, 2022 |
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|---|---|---|
| Assets COIF Income Units Charifund Units Bank Current Account COIF Deposit Account Debtors Less: Creditors Represented by Accumulated Fund CCC |
28/04/22 | |
| 10985 21397 14259 11827 4499 62967 5284 57683 56733 950 57683 |
Notes:
Cheltenham Contemporary Concerts (CCC)
Recital
| Income Ticket Sales Grant – The Runge Trust Other Grant Expenditure Artists Fees and Expenses Room Hire Other Expenses Ticket Sales Expenditure: Artists Fees and Expenses Town Hall Hire Other Expenses |
802 3000 250 4052 2699 667 185 3551 1250 520 410 |
1062 2180 -1118 |
|---|---|---|
Investments at 31.3.22 valuation
a) c)