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2022-12-31-accounts

Handbell Ringers of Great Britain

Registered Charity Numbers 298945 (England and Wales) and SC038918 (Scotland)

Report and Consolidated Financial Statements Year ended 31st December 2022

HANDBELL RINGERS OF GREAT BRITAIN REGISTERED CHARITY NUMBERS 298945 (ENGLAND AND WALES) AND SC038918 (SCOTLAND)

CONTENTS

Page
Trustees’ Report 3 - 10
Statement of Trustees’ Responsibilities 11
Group Statement of Financial Activities 12
for the year ended 31 December 2022
Balance Sheet as at 31 December 2022 13
Notes forming part of the financial statements 14 – 25
Independent Examiner’s Report 26

Page 2 of 26

HANDBELL RINGERS OF GREAT BRITAIN REGISTERED CHARITY NUMBERS 298945 (ENGLAND AND WALES) AND SC038918 (SCOTLAND)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31[ST] DECEMBER 2022

Reference and Administrative Information

National Chair

Mr Tim Willetts Oak Cottages 4 Oak Lane Woking Surrey GU22 8BX

Telephone: 01483 760746 Email: tim@hrgb.org.uk

National Secretary

NEC Secretary Judy Gees

Ms Christine Reid (retired 09/04/2022)

8 Havelock Street AGM & Diary Secretary Glasgow Kate Worthington SCOTLAND G11 5JA International Secretary Jacky Cooper

Telephone: 0141 334 4412 Email: christine.reid@hrgb.org.uk Correspondence Secretary Sandra Winter

Independent Examiner

Robert Whowell & Partners

National Website

www.hrgb.org.uk & www.handbells.org.uk

Principal Bankers

CAF Bank Limited West Malling Kent, ME19 4JQ

Page 3 of 26

HANDBELL RINGERS OF GREAT BRITAIN REGISTERED CHARITY NUMBERS 298945 (ENGLAND AND WALES) AND SC038918 (SCOTLAND)

Charity Trustees

National Officers

Mr Tim Willetts - Chair Ms Christine Reid - Secretary * Retired 09/04/2022 ** Mr Anthony Hayes - Treasurer Mrs Diane Holt - Membership Secretary

Executive Committee

Patron, WHMF

Dr Alan Hartley North East Region (NE) Mr Anthony John Atkinson Mrs Sheila Christine Lazenby Scotland Region (SC) Mr John Elcock * Ms Laura Buist * East Midlands Region (EM) Mrs Judy Gees Mr Michael Johnson North West Region (NW) Miss Beth McCord Mrs Margaret Hubbard (Retired 07/05/2022) Ms Kate Worthington (Elected 07/05/2022) East Anglia Region (EA) Mrs Linda McCord Mr Keith Meader West Midlands Region (WM) Mr David Hampson Miss Coralie Paxton South East Region (SE) Mrs Gay Cooper Mr Alan Cooper South West Region (SW) Ms Amanda Jones (Resigned 18/01/2022) Mrs Veronica Jane Willis BEM (Elected 12/03/2022) Mr Edwin John Willis BEM

* resident in Scotland

** The position of National Secretary is currently vacant, but has (for the interim) been split into the roles of NEC Secretary, AGM Secretary, Diary Secretary, International Secretary and Correspondence Secretary. These specific positions are non-Trustee bearing (unless the person currently holds a Trustee state due to also being a Regional Representative).

Page 4 of 26

HANDBELL RINGERS OF GREAT BRITAIN REGISTERED CHARITY NUMBERS 298945 (ENGLAND AND WALES) AND SC038918 (SCOTLAND)

TRUSTEES’ REPORT

The Trustees present the annual report together with the financial statements of the charity for the year ended 31 December 2022.

Objectives and activities

Handbell Ringers of Great Britain (HRGB) is a Registered Charity and an unincorporated Society founded in 1967 and is the major organisation in the United Kingdom dedicated to the promotion of handbell tune ringing. It is governed by its rules which were last amended on 17th April 2010. The Trustees are pleased to report that for the year ending 31st December 2022 the Society remained financially sound, assisted by a financial rebate under the Gift Aid Scheme and prudent control of expenditure. The Trustees, mindful of the fact that the level of the Gift Aid rebate reduced in 2012 and the increased costs of running the organisation, last proposed an increase in the annual membership fees from 1st January 2013, which was agreed at the AGM in 2012.

The Charity continues to work in line with its objective: ‘To advance, provide and encourage for the public benefit, the art of handbell tune ringing in all its forms.’ Conformity with this objective is achieved across the country, including Scotland, through workshops, residential courses, concerts and handbell rallies organised by members for the benefit of members and the general public.

HRGB Promotions Limited is a company limited by guarantee, registered in England (company number 2128737) and a registered charity (number 800808). The company is controlled by its now three Directors who by virtue of its Articles of Association are the four Officer roles of HRGB. Accordingly, the company is deemed to be a subsidiary of the Society within the context of Financial Reporting Standard and its results have been consolidated into the Charity’s accounts. The subsidiary’s aims and objectives are: ‘To promote, encourage and educate the general public in the ancient art of handbell tune ringing.’ In particular the company manages the finances relating to the attendance of UK ringers at International Handbell Symposia which are held every two years.

Public benefit

The Trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Achievements and Performance

2022 has been “ the year of getting back to normal ” and has seen a full complement of national events and many regional events, increasing in number as the year has progressed. Most handbell groups have returned to their pre-Covid practice and concert arrangements, although, sadly, the membership of some groups has been affected by the pandemic.

Overall, the Society ’ s membership numbers are a little lower than in 2021, and the importance of regaining members remains a priority, so that the Society can maintain its programme of activities.

Page 5 of 26

HANDBELL RINGERS OF GREAT BRITAIN REGISTERED CHARITY NUMBERS 298945 (ENGLAND AND WALES) AND SC038918 (SCOTLAND)

TRUSTEES ’ REPORT (…continued)

Some new practices, established during 2020, have been maintained because they are beneficial to the Society. Prominent amongst these are the use of video-conferencing technology to run both committee meetings and webinars. The advantage of the former is that committee members do not have to travel long distances from around the country to one location. The advantage of the latter is similar - members who live long distances from the venues for events can still engage with other members and develop their knowledge and skills. It will be important to continue to develop this use of technology to enable, for example, the live streaming of concerts, so that more members of the public have access to handbell events and are thereby encouraged to attend a live event.

The Charity ’ s positive developments during 2022 include:-

Page 6 of 26

HANDBELL RINGERS OF GREAT BRITAIN REGISTERED CHARITY NUMBERS 298945 (ENGLAND AND WALES) AND SC038918 (SCOTLAND)

TRUSTEES ’ REPORT (…continued)

William Hartley Memorial Fund

During 2022, the WHMF continued with its support of new handbell teams across the UK. More than half the bells on lease from the WHMF are used in schools for the benefit of younger ringers, many with no other musical experience. The Society was pleased to receive two donations of handbells; a five-octave set of Whitechapel handbells and a three-octave set of Malmark handbells. The Whitechapel bells were overhauled and subsequently have been leased on short term. The Malmark handbells have been long-term leased to a school where they are now used on a regular basis by young ringers both in the school and in its feeder schools. The Society has one outstanding loan for financial assistance currently. The WHMF has now made 100 loans since its inception, all of which have been repaid on time. Small groups of bells are on loan to every Region of HRGB, to allow short term loans to teams who are looking for a small number of extra bells to enable members of the public to try handbell ringing

Vaughan Evans Bursary

The Bursary created by the Trustees for the support of young ringers to attend advanced ringing events last supported the attendance of two young ringers at the last National Residential Ringing Week (in 2019) and will support at least two for the next National Residential Ringing Week in 2023. The Trustees agreed no contribution was required in 2022 to the maintenance of the Bursary fund but would need to be considered in 2023 to ensure the fund contained adequate funds for the future events

Financial and Risk Review

The group statement of financial activities for the year ending 31[st] December 2022 shows a net excess of income over expenditure of £21,809.

The principal source of income of the Charity was from donations and membership subscriptions, together with a tax refund from H.M. Revenue and Customs Gift Aid Scheme.

Sales income increased on last year, bolstered by attendance at the National Rally. An increase in the cost of sales and sales related costs reflects this but has been offset in a decrease in the stock provision held. The provision against stock remains at what the Charity sees as a sensible prudent take on the stock provision.

The source of the subsidiary company’s income during 2022 was only from bank interest. Expenditure resulted from contributions for one member of HRGB to attend the International Handbell Symposium in Nashville, Tennessee, plus normal governance costs.

The Trustees have considered whether any major risks pertain to the subsidiary company and have concluded there are none. Further, the Trustees consider that there are systems in place to manage risks relating to the company.

Group investments decreased in value during the year by £7,867 compared with an increase of £9,094 the previous year. We accept that market conditions may still carry some uncertainty in 2023 due to circumstances out of the Charity’s control and so will monitor accordingly.

Page 7 of 26

HANDBELL RINGERS OF GREAT BRITAIN REGISTERED CHARITY NUMBERS 298945 (ENGLAND AND WALES) AND SC038918 (SCOTLAND)

TRUSTEES ’ REPORT (…continued)

The William Hartley Memorial Fund continues to provide interest free loans to members and registered teams to enable them to purchase additional bells, refurbish bells etc. During the year the WHMF generated funds from donations and bank interest. The Crescendo Scheme was relaunched in 2015 as a free scheme designed for new, young ringers which is staged to maintain enthusiasm and progression with four progressive certificates that can be won plus additional lapel badges (for a small charge).

A significant item of expenditure is the cost of publishing “Reverberations” the Charity’s six-monthly journal which is an important source of communication with the members. Some of the cost is recovered through suppliers’ advertisements published in the magazine. After allowing for advertisement income, the net cost of the journal went down from £11,744 to £10,990. This decrease has come about mainly from some savings in publishing / distribution costs but also an increase of the advertising income year on year.

Regional newsletters continue to provide regions with news of local events and the cost of producing these (less advertising income) went up from £2,739 to £3,096. Regions continue to move onto digital platforms to send their news, but rising costs (primarily around Royal Mail) have offset this.

General Administration expenditure decreased during the year. Primarily savings have continued to be made due to NEC meetings being held via platforms (such as Zoom) as well as the completion of the membership database project, and reduced archivist storage costs. We are continuing meetings via Zoom for at least all 2023 and possibly further into the future. The licences held by HRGB have continued to be made available to regional activities and some regions have even purchased their own licences for use within their region.

We also accept that inflation is increasing the other costs within the charity and that this is something that we must continue to monitor.

Funds above and beyond those required for the day to day business of the Charity are placed in high interest accounts to maximise investment income. Financially, the Trustees consider that the Charity is in a strong position as a going concern.

Page 8 of 26

HANDBELL RINGERS OF GREAT BRITAIN REGISTERED CHARITY NUMBERS 298945 (ENGLAND AND WALES) AND SC038918 (SCOTLAND)

TRUSTEES ’ REPORT (…continued)

Statement regarding the effect of COVID-19 on the activities and finances of HRGB

The COVID-19 pandemic had a significant impact on the whole world and a particular impact in the United Kingdom. The health impacts have been felt disproportionately by people who are 70 years old and above. Our heartfelt condolences go out to anyone who has lost a relative or friend at this time.

Handbell Ringers of Great Britain (HRGB) had to cancel or postpone both large and small activities in 2020 and 2021. However, because of the care taken by our event organisers, and the constructive reactions of venue managers and our own members, the Charity’s financial state remained robust.

Our approach to re-starting handbell events in 2022 was careful and cautious, taking full account of all Governmental advice about gatherings, anti-Covid precautions and Covid testing in England, Wales and Scotland. However, by the end of the year, the types and numbers of events organised by the Society was almost back at pre-Covid levels.

The pandemic has had no impact on the financial situation of HRGB Promotions. It was the case that the cycle of international handbell events was disrupted – the event planned for Hong Kong in August 2020 had to be cancelled. However, as HRGB has made no bookings or payments relating to the next international event to be held in the UK (currently scheduled for 2026) we are confident that there will be no impact from this pandemic.

We are clear that our reserves and our financial procedures are robust. We are not aware of any consequences of the COVID-19 pandemic which will have a significant negative impact on our financial status.

Policy on Reserves

It is considered that the level of reserves held by the Charity and its subsidiary company is reasonable based upon the projections of the level of funding required for the UK preparation and hosting the next International Handbell Symposium. Additions to the countries that make up the IHC (International Handbell Committee) meant that an increase to the rotating countries hosting an International Symposium may have pushed the UK back to 2028, however Handbell Ringers of Singapore said they would prefer to host in 2028, thus keeping the UK with 2026. This will be 14 years after the last UK held Symposium due to the addition of a Symposium in Hong Kong being added into the rotation in 2020.

The Charity has also continued its policy of maintaining reserves at a level sufficient to cover the costs associated with the organisation of National Rallies in three consecutive years.

Page 9 of 26

HANDBELL RINGERS OF GREAT BRITAIN REGISTERED CHARITY NUMBERS 298945 (ENGLAND AND WALES) AND SC038918 (SCOTLAND)

TRUSTEES ’ REPORT (…continued)

Structure, Governance and Management

The Charity is governed by a National Executive Committee consisting of four elected officers, a patron for the William Hartley Memorial Fund (WHMF) and (up to) two representatives elected from each of eight branches. The Executive Committee is responsible for the prudent management of the Society and determination of policy in line with Governmental and Charity law. Day to day administration of the Society is carried out by the elected Officers. All members of the National Executive Committee are Trustees of the Charity. The Charity operates a branch in Scotland and in order to comply with legislation from the Scottish Parliament it was necessary for the Society to register as a Charity in Scotland with the Office of the Scottish Charity Regulator (OSCR) during 2007.

The Trustees are mindful of, and grateful for, the time and energy given by members of the Society who organise events, lead and serve on sub-committees and regional committees, carry out specific tasks (for example, editing, managing resources) and generally undertake a wide range of tasks to ensure that the organisation of the Charity and its charitable purpose are accomplished successfully.

Trustee Induction and Training: Induction for new Trustees includes the provision of the relevant guidance notes, reports and accounts (Charity Commission and OSCR guidance notes on the responsibility of Trustees, the Society Rules and a copy of the most recent Trustees’ report which includes the most recent accounts for the Society) and a dedicated induction meeting which provides an opportunity to question and discuss these with officers, together with the regular Executive Committee Meetings which provide updates on aspects of Governmental and Charity law that may affect Society governance and management.

The Trustees have paid due regard to guidance issued by the Charity Commission under section 4 of the Charities Act 2006 regarding public benefit.

In accordance with the decision made by the Trustees in 2009, proposals to revise the procedures for voting for the post of Officers of HRGB at contested elections were introduced and approved at the Annual General Meeting in 2010. Following this approval, the Trustees agreed new voting procedures which were available, should they be required, from the beginning of 2011.

The annual report was approved by the Trustees of the charity on 01/07/2023 and signed on their behalf by:

Mr A. P. Hayes Trustee 01/07/2023

Page 10 of 26

HANDBELL RINGERS OF GREAT BRITAIN REGISTERED CHARITY NUMBERS 298945 (ENGLAND AND WALES) AND SC038918 (SCOTLAND)

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

Laws applicable to charities in England, Wales and Scotland require the Trustees to prepare financial statements for each financial year which give a true and fair view of the Charity’s financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the Trustees are required to:

The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and other associated and relevant legislation. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the Trustees of the charity on 01/07/2023 and signed on their behalf by:

Mr A. P. Hayes Trustee 01/07/2023

Page 11 of 26

REGISTERED CHARITY NUMBERS 298945 (ENGLAND AND WALES) AND SC038918 (SCOTLAND)

HANDBELL RINGERS OF GREAT BRITAIN

GROUP STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31[ST] DECEMBER 2022

Note
no
Income and endowments from:
Donations, legacies and subscriptions
4
Charitable activities
5
Investments
6
Total Income and endowments:
Expenditure on:
Charitable activities
7
Other
8
Total Expenditure:
Net gains / (losses) on investments
9
Net income / (expenditure)
Transfers between funds
Other recognised gains / (losses):
Gains / (losses) on revaluation
of fixed assets
10
Net movement in funds:
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
11		 Unrestricted
funds		 Restricted
funds		 Endowment
funds		 Total funds
All
£
36,757
92,329
3,658		 William
Hartley
Memorial
Fund
£
1,944
19
115		 £
13,800
-
-
132,744
114,764
2,847		 2,078
1,329
6		 13,800
-
-
117,611
(7,867)		 1,335
-		 -
-
7,266 743 13,800
(10,000)
5,458		 1,835
-		 8,165
3,755
2,724 2,578 25,720 31,022
421,162 12,284 95,581
423,886 14,862 121,301 560,049

Page 12 of 26

HANDBELL RINGERS OF GREAT BRITAIN REGISTERED CHARITY NUMBERS 298945 (ENGLAND AND WALES) AND SC038918 (SCOTLAND)

BALANCE SHEET AS AT 31ST DECEMBER 2022

Note
Fixed Assets:
Tangible Fixed Assets
10
Investments
9
Total Fixed Assets
Current Assets:
Stock
12
Debtors & Prepayments
13
Cash at bank, COIF and in hand
Total Current Assets
Current Liabilities:
Creditors: Amounts falling due within one year
14
Total Current Liabilities
Net Current Assets:
Total Assets less Current Liabilities
Creditors: Amounts falling after one year
15
TOTAL NET ASSETS:
The funds of the charity:
Endowment:
Restricted:
William Hartley Memorial Fund
TOTAL RESTRICTED FUNDS
Unrestricted:
General
Designated:
Vaughan Evans Memorial Fund
National Events Fund
South West Regional Bell Fund
South West Young Ringer Fund
South East Ring from Scratch
TOTAL UNRESTRICTED FUNDS
Revaluation Reserve:
Unrestricted: General
Endowment
TOTAL RESERVES
TOTAL CHARITY FUNDS
11		 Group Group Charity Charity
2022
230,508
61,846		 2021
186,642
70,713		 2022
230,508
61,846		 2021
186,642
70,713
292,354 257,355 292,354 257,355
10,871
15,279
277,656		 9,503
28,262
284,848		 10,871
15,203
259,934		 9,503
28,050
265,939
303,806 322,613 286,008 303,492
(35,891) (50,941) (35,653) (50,716)
(35,891) (50,941) (35,653) (50,716)
267,915 271,672 250,355 252,776
560,269 529,027 542,709 510,131
(220) - (220) -
560,049 529,027 542,489 510,131
93,627 73,012 93,627 73,012
14,862 12,284 14,862 12,284
14,862 12,284 14,862 12,284
378,446
9,630
23,772
1,339
2,304
426		 371,619
9,445
27,668
1,281
2,254
426		 360,886
9,630
23,772
1,339
2,304
426		 352,723
9,445
27,668
1,281
2,254
426
415,917 412,693 398,357 393,797
7,969
27,674		 8,469
22,569		 7,969
27,674		 8,469
22,569
35,643 31,038 35,643 31,038
560,049 529,027 542,489 510,131

Page 13 of 26

HANDBELL RINGERS OF GREAT BRITAIN REGISTERED CHARITY NUMBERS 298945 (ENGLAND AND WALES) AND SC038918 (SCOTLAND)

These financial statements were approved by the Trustees on 01/07/2023 and signed on their behalf by:

Mr A. P. Hayes National Treasurer 01/07/2023

NOTES TO THE FINANCIAL STATEMENTS

1 Accounting policies

Statement of compliance

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 (FRS 102) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Charities Act 2011 and the Charities Accounts (Scotland) Regulations 2006.

Basis of preparation

The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

The presentation currency is pound sterling.

The consolidated financial statements consolidate the financial statements of the charity and its subsidiary undertaking drawn up to 31 December 2022.

A subsidiary is an entity controlled by the charity. Control is achieved where the charity has the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities.

Inter-group transactions, balances and unrealised gains on transactions between the charity and its subsidiary, which are related parties, are eliminated in full.

Intra-group losses are also eliminated but may indicate an impairment that requires recognition in the consolidated financial statements.

Accounting policies of the subsidiary have been changed where necessary to ensure consistency with the policies adopted by the group.

Exemption from preparing a cash flow statement

The charity adopted Bulletin 1 and have therefore not included a cash flow statement in these financial statements.

Page 14 of 26

HANDBELL RINGERS OF GREAT BRITAIN REGISTERED CHARITY NUMBERS 298945 (ENGLAND AND WALES) AND SC038918 (SCOTLAND)

NOTES TO THE FINANCIAL STATEMENTS (…continued)

Going concern

The Trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably. Donations of bells / equipment will be recorded at the recoverable amount of the item(s) at the time of transfer of ownership, to be completed by a qualified individual either within the society or an expert in their field. This will be specified within note 4.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category.

Support costs

SORP 2019 requires support costs such as administration, postage, telephone, depreciation etc. to be allocated to the relevant activity cost category they support. The Trustees do not consider it cost beneficial to set up systems to allocate such costs and accordingly have shown such support costs separately under charitable activities.

Governance costs

These costs are associated with the governance arrangements of the charity which relate to its general running and statutory obligations. These include the costs of holding Trustees’ meetings, bank charges incurred from our current account holders, transaction & service charges from our card processors and accountancy fees.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets and depreciation

Assets with a cost (or donated value) of £1,000 or more are capitalised.

Musical handbells and similar assets such as Handchimes and Belleplates[®] are valued at recoverable amount at the balance sheet date. Such valuation is carried out by the Officers of the relevant branch or National Officers who have the necessary expertise to determine such valuations. Any gain or loss on revaluation is taken to the Statement of Financial Activities.

All other assets are recorded at historical cost less depreciation on a straight line basis so as to write off the assets over their expected useful lives. The principal rates are: Office Equipment - 3 years, Plant and Machinery - 4 years. Currently the charity has no office equipment or plant and machinery which is capitalised.

The Trustees are aware that there is a requirement to show the reserve arising from the revaluation of fixed assets over the years on the face of the balance sheet. This evaluation of the assets was carried out in 2016 to reflect the revaluation reserve and is reviewed each year.

Page 15 of 26

HANDBELL RINGERS OF GREAT BRITAIN REGISTERED CHARITY NUMBERS 298945 (ENGLAND AND WALES) AND SC038918 (SCOTLAND)

NOTES TO THE FINANCIAL STATEMENTS (…continued)

Fixed asset investments

The fixed asset investments are income units that have been purchased by the charity from the COIF Charities Investment Fund. The investment aims to provide a long-term total return comprising growth in capital and distributions in quarterly dividends. These investments are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal.

Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end.

An explanation of the movement in the year is given at note 9

Stock

Stock consists of goods for resale and is valued at the lower of cost and net realisable value.

A breakdown of the different stock types held and related provisions is detailed in note 12

Trade debtors

Debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of this is established when there is objective evidence that they will not be able to collect all amounts due according to the original terms of the debtors.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of activities from suppliers. Accounts payable are classified as current liabilities if the trust does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Page 16 of 26

HANDBELL RINGERS OF GREAT BRITAIN REGISTERED CHARITY NUMBERS 298945 (ENGLAND AND WALES) AND SC038918 (SCOTLAND)

NOTES TO THE FINANCIAL STATEMENTS (…continued)

Fund structure

Unrestricted funds comprise those funds which the Trustees are free to use in accordance with the charitable objects. Designated funds have been created for the following purposes:

Vaughan Evans Memorial Fund

This fund has been set up in memory of Vaughan Evans a former National Chair, Secretary, Membership Secretary and Honorary Life Member of the charity. Its purpose is to provide funding to enable young ringers to be able to participate in events such as the National Residential Ringing Week. The Trustees intend to transfer an amount to this fund from general funds each year subject to availability and requirement.

National Events Fund

This was a newly created fund in 2010 with a transfer from general funds of £7,000 representing the surplus on National Events during the previous four years. The Trustees intend that the fund will be used to provide some finance for certain national events which would otherwise not be financially viable to undertake based on delegate income alone.

South West Regional Bell Fund

This fund is used by the South West branch for the maintenance of its regional handbells.

South West Young Ringer Fund

This fund has been created by the South West branch in 2010 to support young ringers from the South West attending National events.

South East Ring from Scratch Fund

This fund is used by the South East branch to purchase music for 'Ring from Scratch' rallies, where member teams ring from previously unseen music.

Restricted funds comprise of funds raised for and their use restricted to a specific purpose or donations subject to imposed donor conditions.

William Hartley Memorial Fund (WHMF)

This fund exists principally to provide teams registered with the society with interest free loans for the purpose of renovating or augmenting their handbells, Handchimes and Belleplates® and to maintain and repair as necessary the handbells etc. which are held by the WHMF.

Endowment Funds comprise funds consisting of fixed assets (principally handbells) which have been left as bequests to the charity over a number of years. Some of these Endowments are permanent.

2 Trustee information

Trustees received no remuneration (2021 - £Nil). Expenses of £3,344 were reimbursed by the charity to 16 of the 23 Trustees covering travelling, telephone and similar costs (2021 - £1,811, 12 of the 22 Trustees). No expenses were reimbursed by HRGB Promotions Limited to charity Trustees (2021 - £1,556). The charity did not employ any staff during 2022 (2021 – Nil).

Page 17 of 26

HANDBELL RINGERS OF GREAT BRITAIN REGISTERED CHARITY NUMBERS 298945 (ENGLAND AND WALES) AND SC038918 (SCOTLAND)

NOTES TO THE FINANCIAL STATEMENTS (…continued)

3 Consolidation

The Charity Balance Sheet comprises the national society and its 8 branches. The Group Balance Sheet and Group Statement of Financial Activities comprise the national society, its 8 branches and HRGB Promotions Limited, the charity’s subsidiary company. The company’s accounts for 2022 were prepared under SORP 2019. Summary results of HRGB Promotions Limited for the year ended 31 December:

Turnover
Less: outgoing resources
Net outgoing resources		 2022
£
2021
£
171
2
(1,507)
(2,868)
(1,336)
(2,866)

4 Donations, legacies and subscriptions

Donations
Membership subscriptions
Gift Aid Taxation
Total		 Unrestricted
funds		 Restricted
fund –
William
Hartley
Memorial
Fund		 Endowment
funds		 Total funds
2022
12,155
22,476
2,126		 1,944
-
-		 13,800
-
-
36,757 1,944 13,800 52,501

Donations comprise of:

William Hartley Memorial Fund
Vaughan Evans Memorial Fund
General
Bells / Equipment
TOTAL
****Donations of Bells / Equipment consist of:
2022: Dr.Alan Collings Bells (2) (£6,500)(a)
The Tyler Bells (£7,300)(a)
NE Region: “Wharfedale Handbells” (£9,180)(b)		 2022
2021
£
£
1,944
136
92
145
2,883
975
22,980
-
27,899
1,256

(a) – Valuation by Alan Hartley (HRGB)

(b) – Valuation by Allianz Insurance

Page 18 of 26

HANDBELL RINGERS OF GREAT BRITAIN REGISTERED CHARITY NUMBERS 298945 (ENGLAND AND WALES) AND SC038918 (SCOTLAND)

NOTES TO THE FINANCIAL STATEMENTS (…continued)

5 Income on Charitable Activities

come on Charitable Activities
Sales Income
National Rally 2022
UK Bronze 2022
Rallies & Events
Regional Ensembles and Orchestra
Crescendo Scheme
Bell loan fee
Raffles
Advertising
Miscellaneous
Total		 Unrestricted
funds		 Restricted
fund –
William
Hartley
Memorial
Fund		 Total funds
2022
13,690
40,786
18,624
14,816
2,760
-
60
212
1,245
136		 -
-
-
-
-
19
-
-
-
-
92,329 19 92,348

6 Investments

Interest from bank and other deposits
Total		 Unrestricted
funds		 Restricted
fund –
William
Hartley
Memorial
Fund		 Total funds
2022
3,658 115
3,658 115 3,773

Page 19 of 26

HANDBELL RINGERS OF GREAT BRITAIN REGISTERED CHARITY NUMBERS 298945 (ENGLAND AND WALES) AND SC038918 (SCOTLAND)

NOTES TO THE FINANCIAL STATEMENTS (…continued)

7 Expenditure on Charitable Activities

Cost of Goods Sold and other Sales Costs
National Rally 2022
UK Bronze 2022
International Symposium 2022
International Symposium 2026 (UK)
Rallies & Events
Regional Ensembles and Orchestra
Crescendo Scheme
Reverberations
Regional Newsletters
International Handbell Committee
Insurance
Society Membership fees
Donations
Grants
General Admin (stationery, postage etc.)
Rent
Miscellaneous
Total		 Unrestricted
funds		 Restricted
fund –
William
Hartley
Memorial
Fund		 Total funds
2022
6,749
44,774
18,144
1,087
-
15,005
1,435
-
12,235
3,096
236
1,516
465
803
-
8,661
367
191		 -
-
-
-
-
-
-
2
-
-
-
1,327
-
-
-
-
-
-
114,764 1,329 116,093

8 Other Expenditure

ther Expenditure
Bank charges
Accounting fees
Total		 Unrestricted
funds		 Restricted
fund –
William
Hartley
Memorial
Fund		 Total funds
2022
1,697
1,150		 6
-
2,847 6 2,853

Accounting fees comprise of:

Group (2022) Group (2021) Charity (2022) Charity (2021) £ £ £ £ 1,150 1,035 900 810

These fees relate to work carried out by independent accountants in providing the charity with advice regarding value added tax and completing examinations of accounts.

Page 20 of 26

HANDBELL RINGERS OF GREAT BRITAIN REGISTERED CHARITY NUMBERS 298945 (ENGLAND AND WALES) AND SC038918 (SCOTLAND)

NOTES TO THE FINANCIAL STATEMENTS (…continued)

9 Investments

Investments
Market value as at 1stJanuary:
Additions / (sales):
Gain / (loss) during year:
Market value as at 31stDecember:		 Group
2022
£
Group
2021
£
Charity
2022
£
Charity
2021
£
70,713
61,619
70,713
61,619
(1,000)
-
(1,000)
-
(7,867)
9,094
(7,867)
9,094
61,846
70,713
61,846
70,713

10 Tangible Fixed Assets (Group and Charity)

All figures
£’s		 Handbells
Chimes etc.
available for
loan to teams
as part of the
William
Hartley
Memorial
Fund		 Liversedge
Handbells		 Handbells
Chimes,
Cases etc.
for general
use by
regions		 Handbells as
part of the
“Bells Into
Schools”
Project
(2016)		 Total 2021
Book value
01/01/2022		 68,480 27,101 79,879 11,182 186,642 184,622
Additions 21,965 - 12,688 - 34,653 -
Disposals - - - - - -
Depreciation - - - - - -
Transfers - - - - - -
Increase
(Decrease) in
valuation		 3,755 - - 5,458 9,213 2,020
Book value
31/12/2022		 94,200 27,101 92,567 16,640 230,508 186,642

Page 21 of 26

HANDBELL RINGERS OF GREAT BRITAIN REGISTERED CHARITY NUMBERS 298945 (ENGLAND AND WALES) AND SC038918 (SCOTLAND)

NOTES TO THE FINANCIAL STATEMENTS (…continued)

11 Summary of funds

Movement of funds (Group)

Fund name Balances
brought
forward
£
01/01/2022		 Incoming
Resources
£		 Outgoing
Resources
£		 Transfers
£		 Gains and
Losses
£		 Balances
Carried
Forward
£
31/12/2022
Unrestricted Funds
General 380,088 72,711 (53,726) (10,250) (2,409) 386,414
Designated - National Society
Vaughan Evans Memorial Fund		 9,445 185 - - - 9,630
Designated – National Society
National Events Fund		 27,668 59,698 (63,593) - - 23,773
Designated - South West Branch
South West Regional Bell Fund		 1,281 100 (292) 250 - 1,339
Designated - South West Branch
Young Ringer Fund		 2,254 50 - - - 2,304
Designated - South East Branch_Ring_
from Scratch		 426 - - - - 426
Total Unrestricted Funds 421,162 132,744 (117,611) (10,000) (2,409) 423,886
Restricted Funds
William Hartley Memorial Fund 12,284 2,078 (1,335) 1,835 - 14,862
Total Restricted Funds 12,284 2,078 (1,335) 1,835 - 14,862
Endowment Funds 95,581 13,800 - 8,165 3,755 121,301
Total Funds 529,027 148,622 (118,946) - 1,346 560,049

Page 22 of 26

HANDBELL RINGERS OF GREAT BRITAIN REGISTERED CHARITY NUMBERS 298945 (ENGLAND AND WALES) AND SC038918 (SCOTLAND)

NOTES TO THE FINANCIAL STATEMENTS (…continued)

11 Summary of funds (continued) Analysis of unrestricted funds by national society, branches and subsidiary company as at 31[st] December:

National Society
South East
South West
North East
North West
East Midlands
West Midlands
East Anglian
Scottish
Total Charity
HRGB Promotions Ltd
Total Group		 2022
2021
£
£
252,694
262,815
29,158
27,550
42,779
42,802
15,175
5,781
4,873
4,862
3,077
3,376
12,214
9,139
39,476
39,771
6,880
6,170
406,326
402,266
17,560
18,896
423,886
421,162

Within the “Unrestricted fund” balances above are the following “Designated” funds:

Branch
Designation
National Society
Vaughan Evans Memorial Fund
National Society
National Events Fund
South West
South West Regional Bell Fund
South West
Young Ringer Fund
South East
Ring from Scratch
Total		 2022
£
9,630
23,772
1,339
2,304
426		 2021
£
9,445
27,668
1,281
2,254
426
37,471 41,074

“Endowment funds” comprise:

Fixed Assets
Bells, chimes etc. held for loan to registered HRGB teams
Liversedge handbells		 2022
£
94,200
27,101		 2021
£
68,480
27,101
121,301 95,581

An explanation of these funds is given at note 1.

Page 23 of 26

HANDBELL RINGERS OF GREAT BRITAIN REGISTERED CHARITY NUMBERS 298945 (ENGLAND AND WALES) AND SC038918 (SCOTLAND)

NOTES TO THE FINANCIAL STATEMENTS (…continued)

12 Stocks

National: Resale Stock
National: Mayola Music
Regional: Resale Stock**
Total		 Cost
2022
£
Provision
2022
£
Provision
% of value
5,632
(1,106)
20%
10,749
(6,510)
61%
2,414
(308)
13%		 Cost
2021
£
Provision
2021
£
Provision
% of value
5,775
(1,540)
27%
11,714
(8,846)
76%
2,756
(356)
13%
10,871
42%		 9,503
53%

*National stocks carry a specific provision based on age of stock, risk of slow / non-movement.

**Regional stock (unless accounted for at regional level) is a general 20% provision value of stock held within the national provision.

No stocks are held within HRGB Promotions Ltd.

13 Debtors and Prepayments

3
Debtors and Prepayments
Trade Debtors
Other Debtors
Prepayments and Accrued income
WHMF Loans***
Total		 Group
2022
£
Group
2021
£
Charity
2022
£
Charity
2021
£
711
696
711
696
125
40
125
40
13,143
25,526
13,067
25,314
1,300
2,000
1,300
2,000
15,279
28,262
15,203
28,050

***Included in the WHMF loans are instalments totalling £650 (2021 - £1,300) which are not due within one year.

14 Creditors (amounts falling due within one year)

Group Group Charity Charity
2022 2021 2022 2021
£ £ £ £
Trade Creditors 1,270 1,356 1,032 1,131
Other Creditors 30,991 47,040 30,991 47,040
Accruals and Deferred income 3,630 2,545 3,630 2,545
Total 35,891 50,941 35,653 50,716
15
Creditors (amounts falling after one year)
Group Group Charity Charity
2022 2021 2022 2021
£ £ £ £
Accruals and Deferred income 220 - 220 -
Total 220 - 220 -

Page 24 of 26

HANDBELL RINGERS OF GREAT BRITAIN

REGISTERED CHARITY NUMBERS 298945 (ENGLAND AND WALES) AND SC038918 (SCOTLAND)

NOTES TO THE FINANCIAL STATEMENTS (…continued)

16 Analysis of net assets between funds

Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
Non-current liabilities
Total net assets		 Unrestricted
funds
Restricted
funds
Endowment
funds
Total funds
£
£
£
£
109,207
-
121,301
230,508
61,846
-
-
61,846
288,944
14,862
-
303,806
(35,891)
-
-
(35,891)
(220)
-
-
(220)
423,886
14,862
121,301
560,049

17 Related party transactions

There were no related party transactions and no related party balances as at 31[st] December 2022.

18 Capital commitments

At 31[st] December 2022 there were no financial commitments.

19 Taxation

The charity is a registered charity and is therefore exempt from taxation.

Page 25 of 26

HANDBELL RINGERS OF GREAT BRITAIN REGISTERED CHARITY NUMBERS 298945 (ENGLAND AND WALES) AND SC038918 (SCOTLAND)

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE HANDBELL RINGERS OF GREAT BRITAIN

I report on the accounts of the charity for the year ended 31 December 2022 which are set out on pages 12 to 25.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s 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:

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

In connection with my examination, no matter has come to my attention:

have not been met; or

P. D. Johnson FCA

Partner

Robert Whowell & Partners Westwood House, 78 Loughborough Road, Quorn, Leicestershire, LE12 8DX

Dated: 17[th] July 2023

Page 26 of 26