CHARITY REGISTERED NUMBER:286808
ADDISON GROUP OF SINGERS
TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020
NOEL & CO.
CHARTERED ACCOUNTANTS 4 PARLIAMENT CLOSE PRESTWOOD GREAT MISSENDEN BUCKINGHAMSHIRE HP16 9DT
ADDISON GROUP OF SINGERS
LEGAL AND ADMINISTRATIVE INFORMATION
Registered Charity Number: 286808 Treasurer: Colin Sherrington Accountants: Noel & Co. Chartered Accountants 4 Parliament Close Prestwood Great Missenden Buckinghamshire HP16 9DT
ADDISON GROUP OF SINGERS
FOR THE YEAR ENDED 31 AUGUST 2020
CONTENTS
| Page | |
|---|---|
| Charity - Examiners report | 1 |
| Trustees' report | 3 |
| Balance sheet | 4 |
| Statement of financial activities | 5 |
| Schedule of funds | 6 |
| Notes | 7 |
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF ADDISON GROUP OF SINGERS
FOR THE YEAR ENDED 31 AUGUST 2020
I report on the accounts which are set out on pages 4 to 10
Respective responsibilities of the
The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to:
The trustees who are also directors of the company for the purpose of
Examine the accounts under section 145 of the 2011 Act; follow the procedures laid down in the general directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act); and state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.
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 charity as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
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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.
Page 1
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF ADDISON GROUP OF SINGERS (Continued) FOR THE YEAR ENDED 31 AUGUST 2020
........................................ Dated:16 October 2020
Linda Noel FCA Noel & Co. Chartered Accountants 4 Parliament Close Prestwood Great Missenden Buckinghamshire HP16 9DT
Page 2
ADDISON GROUP OF SINGERS
REPORT OF THE
FOR THE YEAR ENDED 31 AUGUST 2020
The Charities Act 2011, together with the financial statements for the year, and confirm that the latter comply with the requirements of the Act, the Trust Deed and the Charities SORP 2005.
Structure, Governance and Management
Financial review
Approved by the trustees on 15 October 2020 signed on its behalf by:
.....................................................
Trustee
Page 3
ADDISON GROUP OF SINGERS
BALANCE SHEET
| Current assets Debtors Bank Accounts Creditors Amounts falling due within one year Net current assets Total assets less current liabilities Net assets Capital funds Unrestricted funds Total funds |
AT 31 AUGUST 2020 Note 2020 2019 £ £ £ £ 4 843 701 62,528 81,837 –––––– –––––– 63,371 82,538 5 7,775 7,837 –––––– –––––– 55,596 74,701 –––––– –––––– 55,596 74,701 –––––– –––––– £55,596 £74,701 –––––– –––––– 55,596 74,701 –––––– –––––– £55,596 £74,701 –––––– –––––– |
|---|---|
Approved by the trustees on 15 October 2020 and signed on its behalf.
................................................... Colin Sherrington
The annexed notes form part of these financial statements.
Page 4
ADDISON GROUP OF SINGERS
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2020
Unrest'd Funds £ Incoming resources Incoming Resources from generated funds: Voluntary income 58,633 Investment income 148 ––––––– 58,781 Other incoming resources 1,436 ––––––– Total incoming resources 60,247 ––––––– Resources expended Costs of generating funds 74,718 Governance costs 4,634 ––––––– Total resources expended 79,352 ––––––– Net movement in funds (19,105) Total funds brought forward £ 74,701 ––––––– Total funds carried forward £ 55,596 ––––––– Details of Incoming resources and resources used are given in the notes to the financial statements. |
Total Funds 2020 £ 58,633 148 ––––––– 58,781 1,436 ––––––– 60,247 ––––––– 74,718 4,634 ––––––– 79,352 ––––––– (19,105) £ 74,701 ––––––– £ 55,596 ––––––– |
Total Funds 2019 £ 117,812 184 ––––––– 117,996 5,452 ––––––– 123,448 ––––––– 142,719 2,494 ––––––– 145,213 ––––––– (21,765) 96,466 ––––––– £ 74,701 ––––––– |
|---|---|---|
Page 5
ADDISON GROUP OF SINGERS
STATEMENT OF FINANCIAL ACTIVITIES
DETAILED ANALYSIS OF MOVEMENTS IN FUNDS
FOR THE YEAR ENDED 31 AUGUST 2020
| 2020 | 2019 | |||||
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | |||
| General Fund | ||||||
| Balance B/fwd | 74,701 | 96,466 | ||||
| Deficit for the year | (19,105) | (21,765) | ||||
| ––––––– | ––––––– | |||||
| 55,596 | 74,701 | |||||
| ––––––– | ––––––– | |||||
| Total funds at 31 August 2020 | £ 55,596 | £ 74,701 | ||||
| ––––––– | ––––––– |
Page 6
ADDISON GROUP OF SINGERS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020
1. Accounting policies
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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 (FRS102) issued on 16 July 2014 (as updated through Bulletin 1 published on 2 February 2016), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102), the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015.
The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A.
The financial statements are prepared on a going concern basis under the historical convention (modified to include certain items at fair value). The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest pound.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years unless otherwise stated.
Incoming resources
All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources.
2. Investment Income
2020 2019 £ £ Investment income 1 148 184 ––– –––
Page 7
ADDISON GROUP OF SINGERS
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 AUGUST 2020
3. Debtors and prepayments
| Amounts falling due within one year: Prepayments and Accrued Income 4. Creditors Amounts falling due within one year:- Accruals And Deferred Income |
2020 £ 843 ––– 2020 £ 7,775 –––––– £ 7,775 –––––– |
2019 £ 701 ––– 2019 £ 7,837 –––––– £ 7,837 –––––– |
|---|---|---|
5. Funds received as an agent
During the year the charity received £0 (2019:£41,953) from members for their costs connected with concert tours.
Page 8
ADDISON GROUP OF SINGERS
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 AUGUST 2020
6. Incoming resources
| Unrest'd | Total | Total | ||
|---|---|---|---|---|
| Funds | Funds | Funds | ||
| 2020 | 2020 | 2019 | ||
| £ | £ | £ | ||
| Voluntary Income | ||||
| Donations and legacies | 1,000 | 1,000 | 0 | |
| Term subscriptions | 39,821 | 39,821 | 53,017 | |
| Concerts | 10,181 | 10,181 | 14,847 | |
| Gift aid | 6,375 | 6,375 | 8,455 | |
| Tour | 0 | 0 | 41,493 | |
| Workshop | 1,286 | 1,286 | 0 | |
| ––––––– | ––––––– | ––––––– | ||
| 58,633 | 58,633 | 117,812 | ||
| ––––––– | ––––––– | ––––––– | ||
| Investment income | ||||
| Investment income 1 | 148 | 148 | 184 | |
| ––––––– | ––––––– | ––––––– | ||
| 148 | 148 | 184 | ||
| ––––––– | ––––––– | ––––––– | ||
| Other incoming resources | ||||
| Other income 1 | 1,436 | 1,436 | 5,452 | |
| ––––––– | ––––––– | ––––––– | ||
| 1,436 | 1,436 | 5,452 | ||
| ––––––– | ––––––– | ––––––– | ||
| 8. | Costs of generating funds | |||
| 2020 | 2020 | 2019 | ||
| £ | £ | £ | ||
| Professional fees | 25,739 | 33,830 | ||
| Membership costs | 17,694 | 24,139 | ||
| Concerts | 16,100 | 26,909 | ||
| Workshop | 3,185 | 0 | ||
| Tour | 0 | 39,841 | ||
| Commissioning new works | 12,000 | 18,000 | ||
| ––––––– | ––––––– | |||
| 74,718 | 171,643 | |||
| ––––––– | ––––––– |
Page 9
ADDISON GROUP OF SINGERS
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 AUGUST 2020
| 9. Governance costs 2020 £ Independent Examination of Accounts 1,000 Administrative costs 3,634 ––––––– |
2020 £ 4,634 ––––––– |
2019 £ 1,000 1,494 ––––––– 2,494 ––––––– |
|---|---|---|
Page 13