## **THE ABINGDON MUSIC CENTRE TRUST FINANCIAL STATEMENTS 31 AUGUST 2024**
**Charity Number 309181**
## **THE ABINGDON MUSIC CENTRE TRUST**
## **FINANCIAL STATEMENTS**
**YEAR ENDED 31 AUGUST 2024**
**CONTENTS PAGE** Trustees Annual Report **1** Independent Examiner’s Report on the accounts **8** Receipts and Payments accounts **9**
## **Trustees’ Annual Report for the year ended 31 August 2024**
**From** 1/9/23 **To** 31/8/24 **Charity name:** ABINGDON MUSIC CENTRE TRUST
**Charity registration number:** 309181
## **Objectives and Activities**
||SORP reference||
|---|---|---|
|Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|Abingdon Music Centre Trust was established to
make music available as wide s 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.|
|Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|To establish a centre for the performance
teaching and appreciation of music to children
and adults to increase their knowledge,
understanding and love of music and their ability
to play music to the most advanced level to
which they are capable.
We charge fees for our activities but keep those
fees at the lowest possible levels consistent with
continued solvency. The Trust runs music classes
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
worked with the community of Abingdon through
contributions to events in the town and our
community groups have made various public
performances which have showcased our
provision and provided enjoyment to the public.|
|Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|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.|
**Additional information (optional)** You may choose to include further statements where relevant about:
||SORP reference||
|---|---|---|
|Policy on grant making|Para 1.38|n/a|
|Policy on social investment
including program related
investment|Para 1.38|n/a|
|Contribution made by
volunteers|Para 1.38|Volunteers make an important contribution
to Abingdon Music Centre; they give their
time freely and we are grateful for their
support.|
|Other||n/a|
## **Achievements and Performance**
||SORP reference||
|---|---|---|
|Summary of the main
achievements of the
charity, identifying the
difference the charity’s
work has made to the
circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|Of particular note is our primary school
project undertaken with local partners.
Orchestral days involving over 200 children
were held in January and May and ongoing
outreach events took place throughout the
year in associated primary schools. Regular
sessions were held to support music-making
in smaller primary schools in addition to
established activities in larger schools.
Once again, we offered and ran a start of year
course for new Year Seven students to
support transition and continuing
instrumental playing on transfer to secondary
school.|
**Additional information (optional)** You may choose to include further statements where relevant about:
Achievements against Para 1.41 objectives set Performance of fundraising Para 1.41 activities against objectives set Investment performance Para 1.41 against objectives Other
2
## **Financial Review**
|**Financial Review**|||
|---|---|---|
|Review of the charity’s
financial position at the end
of the period|Para 1.21|At the 31 August 2024, total reserves stood at
£29,935 (2023 - £33,937), which was made up
of unrestricted funds of £32,298 (2023 -
£36,380) and restricted funds of: - £2,363
deficit (2022: £3,091 surplus).|
|Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|To ensure continuity of classes and facilities
general reserves are held at the level of three
month’s salary costs and one year of premises
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.|
|Amount of reserves held|Para 1.22|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 31
August 2024 amounted to £486 (2023:
£486).
•
Equipment Fund – this was set up to
help buy new equipment from a single
donation of £515 made during the last
year. The balance on the fund at 31
August 2024 was £nil (2023: £515).
•
Website, Community Development and
marketing – this relates to a single
donation in the last year for £1,000 for
the purposes of re-branding,
marketing, website development and
furthering our services in the
community. We also received a
donation of £500 in this year for
marketing materials. The balance on
the fund at 31 August 2024 was: £843
(2023: £1,000).
•
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 Abingdon Music
Centre Trust). The balance at 31 August
2023 amounted to: -£3,691 (2023 –
£1,040 ).|
|Reasons for holding zero
reserves|Para 1.22|n/a|
|Details of fund materially in
deficit|Para 1.24|The Frances Kitchin Trust fund was overdrawn
by £3,691 at the year end date. This was due
to a timing delay. This was cleared on 18th
September 2024 when a transfer to £8,000 was
made into this fund.|
|---|---|---|
|Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|There are no uncertainties that the charity
cannot continue as a going concern.|
|**Additional information (optional)**
You may choose to include further statements where relevant about:|**Additional information (optional)**
You may choose to include further statements where relevant about:|**Additional information (optional)**
You may choose to include further statements where relevant about:|
|---|---|---|
|The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|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|
|Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|The trust holds investments at 31 August 2024
totalling £26,730 (2023 - £24,481) 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.|
|A description of the principal
risks facing the charity|Para 1.46|The Trustees regularly review the major risks
the Trust faces. Insurance and Health and
Safety issues are assessed annually.|
|Other||Any surplus funds at the end of the year are
retained by the trust to help further its aims.|
|**Additional information (optional)**
You may choose to include further statements where relevant about:|**Additional information (optional)**
You may choose to include further statements where relevant about:|**Additional information (optional)**
You may choose to include further statements where relevant about:|
|---|---|---|
|The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|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|
|Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|The trust holds investments at 31 August 2024
totalling £26,730 (2023 - £24,481) 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.|
|A description of the principal
risks facing the charity|Para 1.46|The Trustees regularly review the major risks
the Trust faces. Insurance and Health and
Safety issues are assessed annually.|
|Other||Any surplus funds at the end of the year are
retained by the trust to help further its aims.|
4
## **Structure, Governance and Management**
|Description of charity’s
trusts:|||
|---|---|---|
|Type of governing document
(trust deed, royal charter)|
Para 1.25|Declaration of Trust dated 1 October 1973, as
varied by scheme of 5 June 2001, as amended
16 June 2015,as amended 7 February2019.|
|How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|The Trust is an unincorporated organisation.|
|Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|Nominated by existing Trustees having
consideration of relevant experience, interests,
skills and likely contribution following
discussion with nominee.|
## **Additional information (optional)** You may choose to include further statements where relevant about:
|Policies and procedures
adopted for the induction
and training of trustees|Para 1.51|A Trustee is nominated to act in the event of
child safeguarding concerns and to make
referrals to the local authority's child
protection team.
Where relevant all Trustees and teaching
staff are DBS checked.
Potential new Trustees are identified and have
a conversation with the Chair to explain the
post and give the incoming trustee an
opportunity to assess the post. This is followed
by attendance at the next Trustees’ meeting
and agreement of the appointment, subject to
completion of formal paperwork which
includes our code of practice and other
relevant matters including conflict of interest
and the gathering of references. Induction,
training and support are undertaken by the
Chair together with other trustees as needed.|
|---|---|---|
|The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51||
|Relationship with any
related parties|Para 1.51|The trustees of Abingdon Centre Music Trust
are also common trustee of The Frances Kitchin
Trust. Support in the year amounted to £8,426
(2023: 8,756) and expenditure in the year
amounted to £13,157 (2023: 7,956).
The balance on the fund at the year end was a
deficit of £3,691(2023 – surplus - £1,040).|
5
||||
|---|---|---|
|Other||All trustees give their time voluntarily and
receive no remuneration or benefits.
Expenses may be paid.
During the year, our main premises was
flooded, which meant we needed to find
alternative premises for three months. We
received a 50% rent reduction as
compensation, which was implemented from
September 2024.|
## **Reference and Administrative details**
|Charityname|Abingdon Music Centre Trust|
|---|---|
|Other name the charityuses|AMCT|
|Registered charitynumber|309181|
|Charity’s principal address|Larkmead School, Faringdon Road
Abingdon-on-Thames
Oxfordshire
OX14 1RF|
**Names of the charity trustees who manage the charity**
|1
2
3
4
5
6
7
8
9
10
11
12|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee(if any)**|
|---|---|---|---|---|
||Amena HASSANALI-
SUTTON|Chair|||
||Jim HINES||||
||Rosemary BRUCE||||
||David RIDDLE||||
||Anne NEWTON||||
||Jonathan Mark
BENTLEY||||
||Lucy Emma WEBBER||||
||Stephen WILSON||Resigned 24.10.23||
||Sandra Anne WALLIS||Appointed 21.10.24||
||||||
||||||
||||||
**Additional information (optional)**
6
## **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**
**adviser**
**Name**
**Address**|||
|Independent
Examiners|Vineyard Accountants
Ltd|5 The Chambers, Vineyard, Abingdon-on-Thames, OX14 3PX|
||||
||||
||||
|**Name of chief executive or names of senior staff members (Optional information)**|||
||||
## **Other optional information**
No remuneration was paid to trustees in this or the previous year. No expenses were claimed by trustees in this or the previous year. Donations from trustees amounted to £1,946 from 5 trustees (2022 - £894 from 4 trustees).
## **Declarations**
**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|
||23 May 2025||
||23 May 2025||
7
**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 2024 ] **Charity no (if any)** 309181 **Set out on pages** 9 and 10
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 August 2024. **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 2024.
**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:**
**Name:**
**Relevant**
**professional**
**qualification:**
**Address:**||5 June 2025|
|---|---|---|
||||
||Helen Gee||
||||
||FCCA||
||||
||Vineyard Accountants||
||Chartered Certified Accountants,
5 The Chambers,
Vineyard,
Abingdon-on-Thames,
OX14 3PX||
8
**Charity No 309181**
## **THE ABINGDON MUSIC CENTRE TRUST**
## **RECEIPTS AND PAYMENTS ACCOUNTS YEAR ENDED 31 AUGUST 2024**
## **Section A Receipts and payments**
**Unrestricted Restricted funds funds**
**to the nearest £**
**to the nearest £**
**Endowment Total funds Last year**
**funds**
**to the nearest £ to the nearest £ to the nearest £**
|**A1 Receipts**||||||||||
|---|---|---|---|---|---|---|---|---|---|
|Associated Board exam fees|**-**||**-**||**-**||**-**||**-**|
|Adult & school age class fees|**36,904**||**-**||**-**||**36,904**||**34,569**|
|Pre school & workshopfees|**6,731**||**-**||**-**||**6,731**||**7,640**|
|Music, tapes, books & CD's sold|**-**||**-**||**-**||**-**||**15**|
|Room rentals|**1,087**||**-**||**-**||**1,087**||**1,200**|
|Sundryreceipts & refreshments|**-**||**-**||**-**||**-**||**2,015**|
|Donations andgrants|**4,623**||**500**||**-**||**5,123**||**2,330**|
|Investment income|**962**||**-**||**-**||**962**||**839**|
|Frances KitchingTrust|**-**||**8,426**||**-**||**8,426**||**8,756**|
|Outreach|**2,727**||**-**||**-**||**2,727**||**7,911**|
|CommunityPerformances|**125**||**-**||**-**||**125**||**13**|
|Memberships|**3,219**||**-**||**-**||**3,219**||**1,926**|
||**-**||**-**||**-**||**-**||**-**|
|**_Sub total_**|**56,378**||**8,926**||**-**||**65,304**||**67,214**|
|||||||||||
|**A2 Asset and investment sales, etc.**|||**-**||**-**||**-**||**5,000**|
|||||||||||
|**_Total receipts_ **|**56,378**||**8,926**||**-**||**65,304**||**72,214**|
|**A3 Payments**||||||||||
|**A3 Payments**||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|Associated Board Fees||**-**||**-**||**-**|||**-**||**-**|
|Tuition fees||**21,213**||**-**||**-**|||**21,213**||**22,176**|
|Musical instruments & equipment||**680**||**565**||**-**|||**1,245**||**387**|
|Music, tapes, books and CD's||**-**||**-**||**-**|||**-**||**-**|
|Miscellaneous expenses & materials||**2,180**||**446**||**-**|||**2,626**||**2,647**|
|Office & administration expenses||**1,095**||**211**||**-**|||**1,306**||**1,265**|
|Rent, rates & room hire||**7,946**||**-**||**-**|||**7,946**||**8,664**|
|Cleaning||**-**||**-**||**-**|||**-**||**-**|
|Staff salaries||**22,369**||**-**||**-**|||**22,369**||**21,919**|
|Accountancyfees||**684**||**-**||**-**|||**684**||**654**|
|Insurance||**970**||**-**||**-**|||**970**||**905**|
|Frances KitchingTrust||**-**||**13,157**||**-**|||**13,157**||**7,956**|
|Memberships||**41**||**-**||**-**|||**41**||**87**|
|**_Sub total_ **||**57,178**||**14,379**||**-**|||**71,557**||**66,660**|
|||||||||||||
|**A4 Asset and investment purchases,**|**etc.**|||**-**||**-**|||||**-**|
|||||||||||||
|**_Total payments_**||**57,178**||**14,379**|||**-**||**71,557**||**66,660**|
|||||||||||||
|**_Net of receipts/(payments)_ **||**(800)**||**(5,453)**||**-**|||**(6,253)**||**5,554**|
|**A5 Transfers between funds**||**-**||**-**||**-**|||**-**||**-**|
|**A6 Cash funds last year end**||**6,366**||**3,090**||**-**|||**9,456**||**3,902**|
|**_Cash funds this year end_ **||**5,566**||**(2,363)**||**-**|||**3,203**||**9,456**|
9
**Charity No 309181**
## **THE ABINGDON MUSIC CENTRE TRUST**
## **RECEIPTS AND PAYMENTS ACCOUNTS YEAR ENDED 31 AUGUST 2024**
## **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
**_Total cash funds_**
**Details**
**Details**
CCLA Investment Fund
**Details**
COIF deposit account
**Details**
**Details**
Signature
(agree balances with receipts and payments account(s))
**B1 Cash funds**
Petty cash
NatWest current account
CAF cash account|**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**60**
**-**
**637**
**692**
**-**
**4,177**
**(2,363)**
**5,566**
**(2,363)**
-
**Unrestricted**
**f**
**d**
**Restricted**
**f**
**d**
**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|**Restricted**
**funds**
**to nearest £**|**Restricted**
**funds**
**to nearest £**|**Endowment**
**funds**
**to nearest £**|
|---|---|---|---|---|
|||**-**||**-**|
|||||**-**|
|||**-**||**-**|
|||**(2,363)**||**-**|
|||**(2,363)**||**-**|
|||||**Endowment**
**f**
**d**
**to nearest £**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**Current value**
**(optional)**|
|||||**26,731**|
|||||**-**|
|||||**-**|
|||||**Current value**
**(optional)**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**When due**
**(optional)**|
||||||
||||||
||||||
|||||Date of
approval|
||MRS A HASSANALI-SUTTON|||23-May-25|
||J N HINES|||23-May-25|
10