CHARITY NUMBER 501671 RHYL MUSIC CLUB ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024
RHYL MUSIC CLUB YEAR ENDED 31 MARCH 2024 CONTENTS Page Trustees Report Independent Examiners Report Balance Sheet Statement of Financial Activities Notes to the Accounts 5t06
TO THE MEMBERS OF RHYL MUSIC CLUB YEAR ENDED 31 MARCH 2024 Page 1 TNst••s' responslb1l1tl stst¢m&nt- unlncorporat•d charlty or CIO The Iftjstees are responsib for preparing the Trustees. Annual R8POrt and Iho financial statements in 4ccordanc with applicable 18w and United Kingdom A¢ntIng Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable lo charities in IEn9land & WaleslNorthern Irelandl requires Ihe Iruslees lo prepare finanual slalemenls for each financial year which give a Ifue and fair vw of the state of affairs of the charrty and of the Incoming wè50urS and application of r8soures of the charity for that period. In preparing these financial slatements. the trustees are required lo.. select suitable accounling polie$ and then apply them con$islenlly', observe the methods and principles in Ihe charrt5 SORP 2019 IFRS 1021,. make judgoments and estimates that are reasonable and prudent., state whether applicabi accounlhng stsndafd$ have been follow•d. subject lo any material departures disclosed and explained in the financial slalements", prepare the financial slatements on th• going conc•m basis uns rt is inappropriate lo presume that the charity will continue in operation. Thts Iru$t¢$ ar8 re$pon$ibie for keeping propor accounting records that disclose with reasonabki accuracy al any Ilme the financial pos¢tion of the chanty and enable them to ensure that the finanual statements comply with the Charrties Act 2011. the Charilits IAccounts and Reports) Regulations 2008 and the provisn5 of Ihe Iru$l deod. They afe also responsible for $afeguarding the asset5 of the charity and hène* lor taking ieasonabKI sleps for the prevonlion and dol•ction of fraud and other irregularrties. Tho registered charity numbèr is 501671 The Trustees n41n9 during the Or •nd Sin 1 April 2023 are as follow8'.- Mr D Lavin IChaimi8nl Mf D G¥nnon Mr B Churchill Mrs E ParyyJones Mr S Leeder Mr R Adam$ M$ L Oavie¥ Mr G Parry Mr D HoY
INDEPENDENT EXAMINER'S REPORT YEAR ENDED 31 MARCH 2024 Pag8 2 TO THE MEMBERS OF RHYL MUSIC CLUB We report on the accounts ofthe Club for the year ended 31 March 2024. are set out on pages 3 10 6. Respective responsibilities of trustees and examiner. The ¢harty's Irusle&s are responsibb for the preparatn of the accounts. The Trustees consider that an audit is not wuired for this year under sect)rt 144121 of the Charit5 Act 2011. Ilhe 2011 A(al and that an independent examination ts needed. It is our responsibilrty to- - examine the accounts under sedion 145 of the 2011 Act.. - lo follow the procedures laid down in the general Directions given by the Charity Commission under sectbon 14515llbl of the 2011 Act., and - lo state whelhei particular matters have come lo our attention Basis of independent examinerfs ststement Our examination was carried out in acCrdanCe wrth the genefal direction gNen by the Charity Commissioners. An examination includes a review of the accounting records kept by the charrty and a comparison ol the accounts presented with those record5. 11 also indudes consthration of any unusual items or disclosures in the accDunts, and seeking explanations from the trustees conceming any SLKh matters. The pr$xeduS undertaken do not provide all the evidence that woul¢J be required in an audit. and consequenlty no opinion is gtven as lo whether the aOUntS present a 'true and fair and the report is limried to those matters set out in the ststement below. Independent examinerfs ststement In the course of our examination, no matter has come to our attention 111 which gives us reasonable cause to believe that in. any material respect, the trustees have not met the requiMentS lo ensure that proper a(Inting records are kept lin accofdan? with section 130 of the Chanties Act) and accounts are prepared which ard with the accounting records and comply with the accounting requirements of the charit$ Ad. or 121 to which, in our opinion. attention shoukl be drawn in order to en8bb8 a proper urbder5tanding of the accounts to be reached. SAGE & COMPANY BUSINESS ADVISORS LIMITED CHARTERED ACCOUNTANTS 18 APRIL 2024 102 BOWEN COURT ST. ASAPH BUSINESS PARK ST. ASAPH LL17 OJE
Page 3 TO THE MEMBERS OF RHYL MUSIC CLUB BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Not• Fixed Assets Tangib assets 10.Lh)O 10.000 Totsl Fixed Assets 10.000 10,000 Investments General funds Memorial funds 199,999 3.776 87.756 3.709 203.775 91.465 Current Assets HSBC Cash in hand Debtors 26.367 145 19,984 166 amounts falling due within one year 26.512 20.150 L5abilities amounts falling due wrthin one year 690 Net Current Assots 25.822 19,460 Net Assets 239.596 120,925 Funds Restricted Restricted Piano and mlbs11 Inslrument unStricte£l 4.409 46.000 189.187 4,343 46,000 70,582 239.596 120.925 The notes on pages 5 10 6 fomi part of these accounls.
Page 4 TO THE MEMBERS OF RHYL MUSIC CLUB STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 Totsl Funds 2024 Total Funds 2023 Unrnstricted Restricted Funds Funds Incom8 and Expenditure Incomlng Resources M8mbers subscriptions Memb8rs donations Legacies received Sponsorships,grants and subsidiès Ticket sales Refreshments Pro9rammes Raffles Advertisement salgs Painting auctioned Investment income In¢reaselldecrease} in valuè of investments Profit on sale ol CD'S Gift aKI 7,069 2,703 120,000 837 1.653 142 91 7.9 2.703 120.000 837 1.653 142 91 6.336 8.025 2.530 1.912 445 113 12.309 122 509 12.243 624 624 1.206 T¢>tal Incomlng RQUr¢ 145.475 145.541 21,085 R•sourc•s Exp•nd•d Artists fees Artists expenses Hire of hall Piano èxp8ns8s Printing. poslages. stationery and adverts Other Admin Iwebsitel Raffle costs Accountancy Making music insuran Award to musician Arts & business fe Bank charges Officers expenses & honoraria Social account costs Doprècialion 11.678 2.607 3.892 420 1.360 1.438 11,678 2,607 3.892 420 1.360 1.438 11,300 3,159 3,170 1,413 1.465 834 672 449 4.000 150 73 131 672 449 4.000 150 73 131 690 300 200 150 77 Total Resources Exp•nd•d 26.870 26.870 22.761 N•t Incornlnglloutgolngi Resourc 118.605 118,671 -1.676 Accumulated funds brought forward Transl•r to Pl•no and Muslcal Instruments 75.582 45,343 120.925 122,601 Accumulatèd fund• ¢•rrI forward 194.187 45.409 239.596 120,925
Page 5 TO THE MEMBERS OF RHYL MUSIC CLUB NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 1. Accounting Policies lal Basis of preparation The accounts have been prepared under the historical cosl convention lexcept that inveslments are shown at market value) The charrty has taken advantage of the exemption in Finanual Reporting Standard No 1 from the requirement lo produ a cash flow statement on the grounds thal is a Small charity. The aUnIS have been piepared in accordance with applicab accounting slandafds. the Statement of Recommended Practice applicable lo chantbes ?paring ac¢otJnls in *co)rdance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 Ibl Funds employed Funds employed are expended in the fLbrtherance of the objects of Ihe dub. Restricted income funds are used in the furtherance of some specffic aspect of those obje¢Xs. Icl Oepreaalion Depreciation is provsded to write off the cost less estimated SidUal values of fixed assets over their expected useful lives. It is calculated on the original cost of the assets at the followng rate5 Equipment 20QA reduong balance Idl Grants Income from donations arKI grants. indLbding caprtal amounts, is induded in incoming resources when these are receivable. When donors speufy that donations and grants, including eaprtal amounts, are for particular restricted purposes which do not amount lo pre-conditions regarding entitMent. this income ts included in incoming resources of restrictfjd fLbnds when receivable. lel Trustees None of the Trustees rei¥$d any remunefation or benefits from the charity during the year. In Employees There were no employees during the year. Igl Related party trans8clions There were no disclosable related party transactn$ during the year12021-nonel 2. Tanglble fixed assets Piano Equipment Totsl Cost At 1 April 2023 10,10 6.859 16,859 At 31 March 2024 10.000 6,859 16.859 Depreciation Al 1 April 2023 Charge in year 6.859 6,859 Al 31 March 2023 6.859 6,859 Nel book value Al 31 March 2023 10.000 10,000 At 31 March 2024 10,¢XKI 10.000
Page 6 TO THE MEMBERS OF RHYL MUSIC CLUB NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 3. In¥estm•nt8 General funds al valuation". C.A.F. Equty GrO%h Iformerty Balanced Grovrthl CCLA Deposit Fund CCLA Global Equty 34.008 117,600 48.391 30,686 16,100 40,970 199,999 87.756 Memorial Funds at valuation.. CCLA Fixed Interest Ifomedy Mercury Assets) C.O.l.F.Fixed Interest 2.237 1.538 2.143 1,566 3.775 3,709 4. Current As8•ts - amounts falllng due t*Athln ono year Debtorn S. Llabllltl•s - amounts falllng du• wlthln on• y•ar Other creditors 690 690 690 6. Fund• •mploy•d Balance 8alanee 1 April Mov•menl in Resour5 31 March 2023 Inccwning Outgoing 2024 Restricted funds Muriel Lewis Memorial lund Mary Wool¢o¢k Memorial fund 1,954 2,389 28 1.926 2.483 4.343 41.000 75,582 28 4,409 41,000 194,187 Piano and musi1 Instrument fund Unrestriclod fvnds 145.475 26,870 120.925 145.569 26.898 239.596 Fixed Assets Invest ment Net Current Assets Total Restricted funds Piano and musi1 Inslrumonts funds Unrestricted funds 3.775 5.000 194.999 634 31.000 -5.812 4,409 46.000 189,187 10.CIXI 10.000 203,775 25.822 239.S96