## **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**| |---|---|---|---|---| ## **Balance Sheet as at 28** th **. April, 2022** |**Balance Sheet as at 28**
th**. April, 2022**||| |---|---|---| |**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)