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TheEI
ar Socie
Statement of Financial Activities
2023
General Reslricled
Fund
funds
2022
Total
Total
Income
Subscriptions
Gift Aid
Royalties
Investment income
Branch receipts
Lunch receipts
Donations and t£gacies
Total infome
26,388
2.704
147
12,812
8,099
750
12.079
62.979
26,388
2.704
147
12,812
8.946
750
12.079
63.826
23,968
2.493
762
10,907
18.817
56,947
847
Expenditure
Socieiy objeclll'es
Journals & Newsletters
17.366
17.366
12,(K)5
Branch Activitie5
AGM
PR & Advertising
Web site mainienance
On-line preseniations and Tneetings
Chairnian's lunch
Sundry
Elgar in perforn)ance
Grant io Elgar Fesiival
Grdnts for concerts at the Firs
Elgar Medals
Adminisiraiion
Auihorised exps Council & Executive
Membership adminisiration
Total Expenditure
16.211
16.211
22,040
99
522
468
591
1,176
914
8.665
522
468
591
1,176
914
8,665
596
557
723
io,IiJi
1.750
48
1.750
48
76
1.284
98
54.093
1.284
98
54,093
972
286
50,377
Surylusll)efieit
8.886
9,733
6.570
Branch account transfers
Balances b/f
{8441
93.251
101.865
195,116
188,546
Balances clf
101293
103,556
204,849
195,116
16

TheEI
ar Socie
Balance sheet
2023
2022
Curreni accounts
Deposii account
Investec inveslnient
Monmouth BS 90-day account
Branches. bank balances
Debtors and Accrued Income
Creditors
Net assets
7,612
75.345
33,466
54.125
86.027
34,090
6(K)
(13.192)
195,116
87,143
40,575
1,862
17.6881
204,849
Restricted Funds
Kay Trust
Branches (London & West Midlands )
81,407
22.149
107.556
81,407
20,458
101.865
General fund
101,293
93,251
Total funds
204,849
195,116
17

The Elgar Society
Notes to the Accounts for Ihe year ended 31 December 2023
Basis of accounlin
These accounts have been prepared on (he basis of hislorical cost in accordance with:
the Statement of Recommended Practice: Accounting and Reporting by Charities
preparing Iheir accounts in accordance wilh the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102): and
the Charities Act 2011.
The chari(y constitutes a public benefit entity as defined by FRS 102.
2. Accountin
icies
2.1 Subscription5
Sub.8criplions are accounted for in the year in which Ihey are received, excepi for
subscriptions received in advance which are carried forward (o Ihe next year.
2.2 Other incoming resources
These are included in the Statement of Financial Activities (SOFA) when-
the Society becomes entiiled io Ihe resources;
the iTUStees are virtually certain they will receive the resources. and
the monetary value can be measured with sufficient reliability.
Where incoming resources have relaied expendiiure (for example, subscription8) the
incoming resources and rela(ed expenditure are reported gross in ihe SOFA.
2.3 Donations and legacies
Donations and legacies are only included in the SOFA when the Society has unconditional
entitlement to the resources. During the year a generous donatioT] wa5 received from the
esiaie of the late MoiTa Davies. The Socieiy 18 very grateful for this gift.
2.4 T&x recoverable on subscriptions. donaiions and gifis
Incoming resources from tax recoverable are included in the SOFA at the same time as the
incotne to which ihey relate.
2.5 Branches
Although the regional branches of the Socieiy are constituted under separate rules Ihe income
and expenditure of the branches are included in these accounts.
2.6 Taxation
The Society 15 a registered charity no 298062 and accordiT]gly is exempi from taxatioT] OT] its
income and gains where they are applied for charitable purposes.
18

3. Trustees. ex
nses
During the year, travel and other out of pocket costs amounting to £1.284 were reimbursed to
members of the Council and the Executive when appropriate claims were made (2022 £972
Teimbursed to 3 individuals)-
No member of the Council nor any person connected wilh Ihem has received any
remuneration in the year.
4. Donations s
nsorshi
and
ro
ects
Grants and otheT financial sUp￿rt given to instilulions are a material part of the total
resources expended by the S(￿letY. Elgar in Perforniance and other granis amouniing to
£15,415 were made lo 13 organisations (2022 £15,6(X) to 15 organisations).
5. Restricted funds
Kay Trust
These fund8 were given with the proviw thai the fund% may not be used foT Toutine running
expenses bui should be devoied 10 capithl or other longer iem) projects.
19

Independent examiner's report to the tr￿SteeS of The Elgar Society
I report to the trnstees on my examination of the accounts of The Elgar Society (the Society)
for the year ended 31 December 2023.
Responsibilities and basis of report
As the charity trustees of the Society you are responsible for the preparation of the accounts
in accordance with the requirements of ihe Charities Act 2011 ('the Act,).
I report in respect of my exaTninalion of the Society's accounts carried out under section 145
of the 2011 Aet and in earrying out my examinaiic)n I have followed all the applicable
Direciions given by the Charily Commission under seciion 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have corne to my
attention in connection with the examination giving me cause to believe that in any material
Tespecl-
. accounting records were noi kept in respeci of the Society as required by section 130 of the
Act; or
2. the accounts do not accord with those records- or
3. the accounts do not comply wilh the applicable requirements concerning ihe form and
content of acLount5 set out in ihe Ch¢￿ille$ (Accounls Reports) Re(yulatioT]s 2008 other
than any requiremeni (hai the accounis give a 'irue and fair view which ig noi a mailer
considered as part of an independent examinaiion.
I have no concerns and have come across no other matters in connection with the
examination to which altention should be drawn in this report in order to enable a proper
understanding of the accounts to be reached.
Adrian Benselin
3 Maylands Avenue
Breaston
Derbyshire
DE72 3EE
14 July 2024
20