## **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
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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** 1 ## **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. - The charity’s organisational Where relevant all Trustees and teaching staff are DBS checked. structure and any wider network with which the charity All trustees give their time voluntarily and receive no remuneration or works. benefits. Expenses may be paid. - Relationship with any related parties. - Trustees’ consideration of major risks and the system and procedures to manage them. 2 ## **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: - policy on grantmaking; - policy programme related investment; Any surplus funds at the end of the year are retained by the trust to help further its aims. - contribution made by volunteers. 3 ## **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:- - Children Fund – set up to support our work with children (minors under the age of 18 years) and the residue at 31st August 2022 amounted to £536 (2021 =£536). - • Funds held on behalf of the Frances Kitching Trust and spent on purposes decided by the FKT Trustees (who are the same as those of AMCT). The balance at 31st August 2022 amounted to £239 (2021 – no funds held) - **Details of any funds materially** The funds were not in deficit during this or the previous year - **in deficit** 4 ## **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 charity’s principal sources of funds (including any fundraising). - How expenditure has supported the key objectives of the charity. - Investment policy and objectives including any ethical investment policy adopted. 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|| 5 **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. - Independent I have completed my examination. I confirm that no material matters have come examiner's to my attention. statement 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 6 **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**| 7 **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| 8