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2022-08-31-accounts

THE ABINGDON MUSIC CENTRE TRUST FINANCIAL STATEMENTS 31 AUGUST 2022

Charity Number 309181

THE ABINGDON MUSIC CENTRE TRUST

FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 202

CONTENTS PAGE Trustees Annual Report 1 Independent Examiner’s Report on the accounts 6 Receipts and Payments accounts 7

THE ABINGDON MUSIC CENTRE TRUST

TRUSTEES ANNUAL REPORT YEAR ENDED 31 AUGUST 2022

Section A Reference and administration details

Charity name THE ABINGDON MUSIC CENTRE TRUST

Other names charity is known by

Registered charity number (if any) 309181

Charity's principal address LARKMEAD SCHOOL, FARINGDON ROAD

ABINGDON-ON-THAMES

OXFORDSHIRE

Postcode OX14 1RF

Names of the charity trustees who manage the charity

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18		 Trustee name Office (if any) Dates acted if not for whole
year		 Name of person (or body)
entitled to appoint trustee (if
any)
Alison LANE Secretary Resigned 22 October 2022
Jim HINES Chair until 20.10.21
Katie DAVID Resigned 26 May2022
RosemaryBRUCE
David RIDDLE
Anne NEWTON
Amena HASSANALI-
SUTTON		 Chair from 21.10.21
Jonathan Mark
BENTLEY		 Appointed 21 October 2021
LucyEmma WEBBER Appointed 21 October 2021
Frances DAVID Appointed 26 May 2022

Names of the trustees for the charity, if any, (for example, any custodian trustees)

Name Dates acted if not for whole year

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THE ABINGDON MUSIC CENTRE TRUST

TRUSTEES ANNUAL REPORT YEAR ENDED 31 AUGUST 2022

Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information) Names and addresses of advisers (Optional information) Names and addresses of advisers (Optional information)
Type of advisor
Name
Address
Independent Examiners Vineyard Accountants 5 The Chambers, Vineyard, Abingdon-on-Thames, OX14
3PX
Name of chief executive or names of senior staff members (Optional information)

Section B Structure, governance and management

Description of the charity’s trusts

Type of governing document Declaration of Trust dated 1[st] October 1973, as varied by scheme of 5[th] (eg. trust deed, constitution) June 2001, as amended 16[th] June 2015, as amended 7[th] February 2019. How the charity is constituted The Trust is an unincorporated organisation. (eg. trust, association, company) Nominated by existing Trustees having consideration of relevant Trustee selection methods experience, interests, skills and likely contribution following discussion (eg. appointed by, elected by) with nominee.

Additional governance issues (Optional information)

You may choose to include The Trustees regularly review the major risks the Trust faces. Insurance additional information, where and Health and Safety issues are assessed annually. relevant, about: • A Trustee is nominated to act in the event of child safeguarding Policies and procedures concerns and to make referrals to the local authority's child protection adopted for the induction and training of trustees. team.

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THE ABINGDON MUSIC CENTRE TRUST

TRUSTEES ANNUAL REPORT YEAR ENDED 31 AUGUST 2022

Section C Objectives and activities

Summary of the objects of the charity set out in its governing document

To establish a centre for the performance teaching and appreciation of music both to children and adults to increase their knowledge understanding and love of music and their ability to play music to the most advanced standings of which they are capable.

Summary of the main activities undertaken for the public benefit in relation to these objectives (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)

Abingdon Music Centre Trust was established to make music available as widely as possible within the local community for both adults and children. The Trust runs music classes and workshops throughout the year and provides opportunities for local music makers and teachers to use its premises for music making.

The Trust has taken note of, and had regard for the guidance on public benefit issued by the Charity Commission and uses it to help with its current and future planning. Benefits to the public are real, and do not harm others. Access to benefits is unrestricted within practical constraints relating to the premises used. Disabled access is available at our activities.

We charge fees for our activities but hold those fees at the lowest possible levels consistent with continued solvency. The Trust runs music classes and workshops throughout the year for all age groups. We work with, schools and care homes for older people to enhance benefit to others. The Trust provides the opportunity for local music makers and teachers to use its premises for music making. The Trust offered a range of online lessons and activities throughout the Covid-19 pandemic, moving to outdoor sessions once restrictions allowed, and are continuing to develop and offer these as Covid-safe in person courses for the following year. The Trust’s work with the community of Abingdon through contributions to events in the town was able to start again since Easter of 2022 and our community groups have made various public performances which have showcased our provision and provided enjoyment to the public.

Additional details of objectives and activities (Optional information)

You may choose to include Volunteers make an important contribution to Abingdon Music Centre, further statements, where they give their time freely and we are grateful for their support. relevant, about:

Any surplus funds at the end of the year are retained by the trust to help further its aims.

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THE ABINGDON MUSIC CENTRE TRUST

TRUSTEES ANNUAL REPORT YEAR ENDED 31 AUGUST 2022

Section D Achievements and performance

Summary of the main achievements of the charity during the year

Particular emphasis is given to early music development, with classes running every weekday for children under school age. The Trust, as in previous years, provided administration support to the Frances Kitching Trust (Registered Charity 259127) and provided opportunities for young school-age musicians. We managed a limited amount of work in care homes due to the pandemic (over 70 adults in local care homes/community support service participated in our music sessions funded by Oxfordshire Adult Learning). We are now planning to return to care homes as the situation allows.

Section E Financial review

To ensure continuity of classes and facilities general reserves are held Brief statement of the charity’s at the level of three month’s salary costs and one year of premises policy on reserves commitments. Additional funds are constantly sought for the purchase and maintenance of musical instruments and equipment and for specified projects. Some funding obtained is specifically restricted to the purpose described below.

At the 31st August 2022, total reserves stood at £34,302 (2021 =£41,181), which was made up of unrestricted funds of £33,526 (2021 =£40,645) and restricted funds of £776 (2021 =£536). Unrestricted reserves can be spent and are used in accordance with charitable objectives at the discretion of trustees. Our restricted fund at the year end related to:-

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THE ABINGDON MUSIC CENTRE TRUST

TRUSTEES ANNUAL REPORT YEAR ENDED 31 AUGUST 2022

Further financial review details (Optional information)

You may choose to include additional information, where relevant about:

The trusts principal funding sources in the year consisted of money received from outreach activities, grants, donations, room rental hire, workshops and classes and investment income.

The trust holds investments at 31st August 2022 totalling £30,399 (2021 =£32,080) which relates to reserve funding placed in investments with the CCLA. It is the policy of the trust to hold these surplus funds with the CCLA in order to maximise income. Sufficient funds are always readily available in order to enable the charity to achieve its objectives; the Trustees are committed to safeguarding these reserves whilst seeking any prudent performance enhancing initiatives. Investments are held at their bid market value. There were no additional investments purchased in the year.

The trustees review current and funding needs on a regular basis to ensure funds held are sufficient.

Section F Other optional information

No remuneration was paid to trustees in this or the previous year.

1 trustee incurred expenses totalling £489 for computer equipment and software (2021 =£1,038 for computer consumables and maintenance costs).

= Donations from trustees amounted to £679 from 4 trustees (2021 £ 726 from 3 trustees).

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s)

Full name(s)
Position (eg secretary, chair,
etc)
Date
MRS A HASSANALI-SUTTON		 J N HINES


CHAIR		 TRUSTEE
25thMay 2023
25thMay 2023

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THE ABINGDON MUSIC CENTRE TRUST

Independent examiner's report on the accounts

Report to the trustees/ members The Abingdon Music Centre Trust of On accounts for the year ended[31 August 2022 ] Set out on pages 7 and 8

Charity no (if any) 309181

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 August 2022.

Responsibilities and basis of report As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

I report to the trustees on my examination of the accounts of the above trust for the year ended 31 August 2022.

Responsibilities As the charity trustees of the Trust, you are responsible for the preparation of the and basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Signed: Date: Name: Helen Gee Relevant professional FCCA qualification: Address: Vineyard Accountants Chartered Certified Accountants, 5 The Chambers, Vineyard, Abingdon-on-Thames, OX14 3PX

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Charity No 309181

THE ABINGDON MUSIC CENTRE TRUST

RECEIPTS AND PAYMENTS ACCOUNTS YEAR ENDED 31 AUGUST 2022

Section A Receipts and payments

Unrestricted funds

to the nearest £

Restricted Endowment Total funds Last year funds funds

to the nearest £ to the nearest £

to the nearest £ to the nearest £

A1 Receipts

A1 Receipts
Associated Board exam fees -
Adult & school age class fees 31,945
Pre school & workshopfees 5,920
Music, tapes, books & CD's sold -
Room rentals 428
Sundryreceipts & refreshments 1
Donations 2,619
Investment income 882
Frances KitchingTrust 9,129
Outreach 9,583
CommunityPerformances -
Memberships 323
HMRC Job Retention Scheme 884
Sub total 61,714
A2 Asset and investment sales, etc.
Total receipts
A3 Payments
- - - -
61,714
-
25,403
295
-
3,205
2,619
2,075
-
25,261
594
970
6,730
-
67,152		 240
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Associated Board Fees -
Tuition fees 25,403
Musical instruments & equipment 295
Music, tapes, books and CD's -
Miscellaneous expenses & materials 3,205
Office & administration expenses 2,619
Rent, rates & room hire 2,075
Cleaning -
Staff salaries & honorarium 25,261
Accountancyfees 594
Insurance 970
Frances KitchingTrust 6,730
Memberships -
**Sub total ** 67,152
A4 Asset and investment purchases,
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
**Cash funds this year end **
- - - -
67,152
(5,438)
-
8,564
3,126		 -
240
-
536
776		 -
-
-
-
-
(5,438) 240 - (5,198)
- - - -
8,564 536 - 9,100
3,126 776 - 3,902

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Charity No 309181

THE ABINGDON MUSIC CENTRE TRUST

RECEIPTS AND PAYMENTS ACCOUNTS YEAR ENDED 31 AUGUST 2022

Section B Statement of assets and liabilities at the end of the period Section B Statement of assets and liabilities at the end of the period
Categories
B2 Other monetary assets
B3 Investment assets
B4 Assets retained for the
B5 Liabilities
Signed by one or two trustees on behalf of
all the trustees
(agree balances with receipts and payments account(s))
B1 Cash funds
Petty cash
NatWest current account
CAF cash account
Signature
COIF deposit account
Details
Details
Details
Total cash funds
Details
Details
CCLA Investment Fund		 Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
60
-
23
-
-
3,043
776
3,126
776
Unrestricted
f nds
Restricted
f nds
to nearest £
to nearest £
-
-
-
-
-
-
Fund to which
asset belongs
Cost (optional)
Unrestricted
-
-
-
Fund to which
asset belongs
Cost (optional)
-
-
-
Fund to which
liability relates
Amount due
(optional)
-
-
-
Print Name
MRS A HASSANALI-SUTTON
J N HINES		 Endowment
funds
to nearest £
-
-
-
-
-
Endowment
f nds
to nearest £
-
-
-
Current value
(optional)
30,399
-
-
Current value
(optional)
-
-
-
When due
(optional)
Date of
approval
MRS A HASSANALI-SUTTON 25-May-23
J N HINES 25-May-23

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