CHARITY REGISTRATION NUMBER: 501558
Stannington Brass Band Unaudited Financial Statements 31 December 2023
ALLEN, WEST AND FOSTER Chartered accountants Omega Court 364-366 Cemetery Road Sheffield $11 8FT
Stannington Brass Band
Trustees’ Annual Report
Year ended 31 December 2023
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2023.
Reference and administrative details
| Registered charity name | Stannington Brass Band |
|---|---|
| Charity registration number | 501558 |
| Principal office | 701 Stannington Road |
| Stannington | |
| Sheffield | |
| South Yorkshire | |
| S6 6AH | |
| England | |
| The trustees | |
| L Dyson | |
| R Ball | |
| B Wilshaw (Resigned 14/11/23) | |
| R Slater | |
| P Attrill | |
| D McClure | |
| N Parris | |
| K Dowling | |
| F Riding | |
| Accountants | Allen, West and Foster |
| Chartered accountants | |
| Omega Court | |
| 364-366 Cemetery Road | |
| Sheffield | |
| $118FT |
Structure, governance and management
The management of the band is carried out by the officers and committee, and formal meetings are scheduled on a monthly basis, but more frequently if necessary. Trustees are appointed on a nomination and election basis at the Annual General Meeting (AGM).
Trustees have been recruited from within the organisation, either as current members (playing and nonplaying), those associated with the Band or those with association by association.
Objectives and activities
The band exists for the study and practice of brass band music in order to foster public knowledge and appreciation of such music by means of performance.
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Stannington Brass Band
Trustees‘ Annual Report
Year ended 31 December 2023
Achievements and performance
The band had a very successful year coming 8" in the Yorkshire Area Championship Section contest and 3° in the Senior Trophy of the Spring Festival gaining promotion to the Senior Cup. The band also won the Championship section of the Bolsover Festival of Brass.
The band took on a full schedule of engagements in 2023 the donations to the band in particular from our Christmas carolling season were again very generous. Our own concerts in June, October and December were very successful. The band played at a couple of well-paid private functions in 2023.
Subs income was steady through the year due to a stable band of players in both senior band and training band.
The bonus ball game continues to be a good source of fundraising income for the band.
The band secured £500 funding from Local Giving which paid for new music folders and a grant of £771 from Sheffield Council North Area Ward Pot to pay for printing our carol booklets.
Financial review
A profit of £5,372 was made during the financial year (2022: profit of £1,072) leaving unrestricted reserves of £23,026 (2022: £17,654) carried forward into the next financial year.
The trustees' annual report was approved on 19 February 2024 and signed on behalf of the board of trustees by:
_s
P Attrill Chair
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Stannington Brass Band
Independent Examiner's Report to the Trustees of Stannington Brass Band
Year ended 31 December 2023
| report to the trustees on my examination of the financial statements of Stannington Brass Band (‘the charity’) for the year ended 31 December 2023.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of the charity's accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination | have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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_ the financial statements do not accord with those records; or
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the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or
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the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicabie to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. .
Stephen Allen ACA FCCA Independent Examiner
Omega Court
364-366 Cemetery Road Sheffield S11 8FT
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Stannington Brass Band
Statement of Financial Activities
Year ended 31 December 2022
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||||||||||
|---|---|---|---|---|---|---|---|---|
|2023|2022|
|Unrestricted|Restricted|
|funds|funds|Totalfunds|Total|funds|
|Note|£|£|£|£|
|Income|and|endowments|
|Donations|and|legacies|3,115|-|3,115|3,044|
|Charitable|activities|4|23,994|-|28,601|18,218|
|Investment|income|8|79|-|12|10|
|Total|income|27,188|-|31,658|31,658|
|Expenditure|
|Expenditure|on|charitable|activities|6|21,816|-|29,955|29,955|
|Total|expenditure|21,816|-|29,955|29,955|
|Net|(expenditure)/income|and|net|
|movement|in|funds|5,372|=|5,372|1,072|
|Reconciliation|of funds|
|Total|funds|brought|forward|17,654|~|17,654|15,952|
|Total funds|carried|forward|23,026|-|23,026|17,654|
----- End of picture text -----
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages6 to 8 form part of these financial statements.
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Stannington Brass Band
Statement of Financial Position
31 December 2023
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|||||||||
|---|---|---|---|---|---|---|---|
|2023|2022|
|Note|£|£|
|Current|assets|
|Cash|at|bank|and|in|hand|23,026|17,654|
|Net|current|assets|23,026|17,654|
|Total|assets|less|current|liabilities|23,026|17,654|
|Funds|of the|charity|
|Restricted|funds|-|-|
|Unrestricted|funds|23,026|17,654|
|Total|charity funds|23,026|17,654|
----- End of picture text -----
These financial statements were approved by the board of trustees and authorised for issue on 19 February 2024, and are signed on behalf of the board by:
P Attrill Trustee
N Parris Trustee
The notes on pages6 to 8 form part of these financial statements.
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Stannington Brass Band
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 701 Stannington Road, Stannington, Sheffield, South Yorkshire, S6 6AH, England.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland’, the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the statement of financial activities.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for a particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal and fall into one of two sub-classes: restricted income funds or endowment funds.
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Stannington Brass Band
Notes to the Financial Statements (continued)
Year ended 31 December 2023
3. Accounting policies (continued)
Incoming resources
All income is included in the statement of financial activities when received by the charity as the accounts are prepared on a receipts and payments basis rather than the accruals basis as permitted by the Charities SORP.
Resources expended
Expenditure is recognised on a payments basis asa liability is settled. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
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expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
4. Charitable activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2023 | Funds | 2022 | |
| 52 | £ | E | E | |
| Subs | 4,067 | 4,067 | 4,062 | 4,062 |
| Subs (Training Band) | 1,768 | 1,768 | 2,002 | 2,002 |
| Engagement fees | 5,665 | 5,665 | 5,330 | 5,330 |
| Concert income | 5,590 | 5,590 | 3,788 | 3,788 |
| Fund raising | 2,463 | 2,463 | 7,662 | 7,662 |
| Gift Aid claims | 1,942 | 1,942 | 1,444 | 1,444 |
| Insurance claims | - | ~ | - | - |
| Patrons fees | 1,170 | 1,170 | 1,655 | 1,655 |
| Prize money | 1,000 | 1,000 | 2,400 | 2,400 |
| Recording sales | 266 | 266 | 217 | 217 |
| Other Income | 40 | 40 | 40 | 40 |
| 27,187 | 27,187 | 18,218 | 18,218 | |
| Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2022 | Funds | 2021 | |
| aE | £ | E | £ | |
| Bankinterest | 78 | 78 | 12 | 12 |
- Investment income
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Stannington Brass Band
Notes to the Financial Statements (continued)
Year ended 31 December 2023
6. Expenditure on charitable activities by activity type
| Activities | ||||
|---|---|---|---|---|
| undertaken | Total | funds | Total fund | |
| directly £ |
2023 £, |
2022 £ |
||
| Brass Band Activities | 21,816 | 21,816 | 29,955 | |
| Expenditure on charitable activities is as follows: | ||||
| 2023 | 2022 | |||
| £ | £ | |||
| Conductor expenses | 7,740 | 7,505 | ||
| Practice room hire | 4,271 | 3,883 | ||
| Music | 358 | 537 | ||
| Music (Training Band) | TUE | 68 | ||
| Instruments | - | - | ||
| instrument repair | 940 | 1,924 | ||
| Band equipment (non-instrument) | 746 | 3,216 | ||
| Uniforms | - | 1,926 | ||
| Hired players | 690 | 810 | ||
| Concertexpenses | 1,626 | 1,432 | ||
| Contest entry fees | 1,020 | 1,270 | ||
| Transportation | 579 | 3,629 | ||
| Recording expenses | = | = | ||
| Registration | 299 | 120 | ||
| Performing rights | 239 | 82 | ||
| Insurance | 1,772 | 1,639 | ||
| Sundries Donations |
889 . |
1,273 - |
||
| National Finals Accommodation | - | 641 | ||
| Spring Festival Accommodation | 523 | - | ||
| Total | 21,816 | 29,955 |
7. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
No trustee expenses have been incurred.
8. Financial instruments
| The carrying amount foreach category of financial instrument is as follows: | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Financial assets measured at fair value through income and expenditure | ||
| Financial assets measured at fairvalue through income and | ||
| expenditure | 23,026 | 17,654 |
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