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← Saddleworth Musical Society

2025-03-31-accounts

SADDLEWORTH MUSICAL SOCIETY: FINANCIAL REPORT 2024/25

(Registered Charity No. 503676)

Trustees (Committee Members)

In accordance with the Society’s Constitution, the following Committee Members were drawn from its membership and held office from the beginning of the financial year and until the Annual General Meeting on 17[th] October 2024.

Mr F Boocock President
Mrs M Lawton Chair
Mrs E Shaw Treasurer
Mr V Cressey Secretary
Mrs A Rea Business Manager
Mr S Banham Concert Manager
Vacant Show Manager
Mrs R Hall Fundraising Manager
Mrs L Edwards Publicity Officer
Mr M Bradbury General Member
Mrs J Reynolds General Member
Mrs M Rutter General Member

With effect from the AGM, the following positions became vacant:

Secretary Business Manager Show Manager Fundraising Manager Publicity Officer

At an extraordinary meeting of the Society on 9[th] January 2025 a proposal to reduce the number of trustees to as follows was accepted.

Chair Mirriam Lawton Treasurer Elaine Shaw Secretary Vacant

All other posts will remain as ordinary committee members with vacancies to be filled at the next AGM. The Society’s Constitution was rewritten to reflect this change.

Although this is the Society’s annual Financial Report, a current priority for the Society is in respect of the shortage of members willing to take responsibility for its organisation and decision making.

Public Benefit Compliance and Outcomes

As a registered charity with the Charity Commission for England and Wales, Saddleworth Musical Society has a duty to provide a public service. Our stated aim is “to provide resources for musical performance and training”.

In the 2024/25 financial year, the following has been successfully achieved:

As with the previous year. the priorities when determining the programme for 2024/25 were to consolidate current membership, encourage new members, attract bigger audiences and to take music and performance out into the Community. The programme has been successful in most respects. Active membership has been maintained. Ticket sales have been positive with many performances being sold out. The freely given community outreach has been particularly well received by both members and community groups.

The Committee continues to recognise the ongoing challenges regarding its priorities (membership, audience and community), particularly in respect of generating sufficient income to support a fresh, well-resourced and inviting programme of activity.

Receipts and Payments – Summary

At the close of 2024/25, the Society’s income exceeded expenditure by £784. A generous donation to the Society made this possible. Without this gift it would not have been possible to

Despite the small increase in the end of year balance, the Committee recognises that it is necessary to continue to address the financial pressures facing the Society and is working hard to establish a popular and financially viable programme going forward.

Assets and Liabilities

The Society has no material assets of any value. It operates out of hired premises and apart from the piano/speaker system (and a small music library), relies on the temporary purchase/hire of resources according to the agreed programme (new music/ performance venue, professional and technical support etc.). The Society does not employ anyone but utilises a number of Service for Hire Contracts as and when required.

Current financial liabilities include advance payments of subscriptions for the 2025/26 financial year (£4,500) and Gift Aid receipts against some of those donations (£940).

Reserves Policy

At the close of 2024/25, in addition to the current account sum of £11,380 the Society has a total of £20,155 (COIF Charity Fund Schemes) invested as a contingency/reserve sum. The Investment Fund may go up or down according to the market. Due to a generous donation received, it has been unnecessary to sell any investment funds. The level of reserves is annually reviewed in accordance with the Society’s Financial Procedures Policy and is currently deemed to be at a suitable level. It would allow the Society to call on sufficient funds in the event of cancelled performances or other unseen events. This funding may be used to support the Society’s priorities in the future. The Society’s funding and reserves is also kept under review at monthly Committee Meetings.

Access to This Report

A copy of this report is available to the public on request subject to a small administrative fee (to cover the cost of copying). Registered address for correspondence XXXXXXXXXXXXXXXXXXXXXXXXXX.

Date …………………………………………..

Signed

Chairman ……………………………………………………………………… Treasurer ………………………………………………………………………

Secretary ……………………………………………………………………….

SADDLEWORTH MUSICAL SOCIETY Income & Expenditure Account - Year Ended 31st. March 2025

At 31st March 2025 At 31st March 2025 At 31st.March 2024 At 31st.March 2024
GENERAL - INCOME £
£
£
4610
0
0
0
53
0
958
162
0
5782
0
(572)
(402)
(25)
(1995) Jan-Jul23
(221)
(133)
(139)
(3012)
0
(30)
(1130) Jan-Dec 23
(7660)
(1879)
(1923)
(898)
(923)
0
0
(865)
(4610)
(6488)
747
(910)
171
8
(6481)
2100
£
(4381)
s and totals have been rounded to nearest pound.
9930
1168
(384)
784
N.B. All sum arest pound.

SADDLEWORTH MUSICAL SOCIETY Balance Sheet - Year Ended 31st. March 2025

At 31st. March 2024 At 31st. March 2024
£
£
0
0
0
0
0
12106
1134
19349
570
0
0
33159
(4885)
0
(939)
(57)
(3065)
(8946)
24213
24213
28594
(4381)
24213
24213
24213
28594
(4381)
24213
Notes to Account
:
SCHEDULE OF FIXED ASSETS
(1) Members subscriptions colle~~cted in the calendar year 2024 have been~~carried forward to 2024- 2025
accounting period.
(2) The accumulated fund includes an amount of £57.25 which represents the fundsattribrutable to the Junior
Choir when it became inactive, less donations to Hulme Grammar School Choir (£50) & Diggle School Choir
(£225
(3)It was agreed at the close of 2021/22 to no longer express raffle income as an accumulated sum but to record

(1) Members subscriptions colle ~~cted in the calendar year 2024 have been~~ carried forward to 2024- 2025 SCHEDULE OF FIXED ASSETS accounting period.

(2) The accumulated fund includes an amount of £57.25 which represents the funds attribrutable to the Junior Choir when it became inactive, less donations to Hulme Grammar School Choir (£50) & Diggle School Choir (£225

(3)It was agreed at the close of 2021/22 to no longer express raffle income as an accumulated sum but to record

The Society maintains a catalogue of music and items, none of which hold any significant value for the purpose of these accounts,

Website &
Software upgr		 Guillotine Misc Item
& Organ		 sConductor
Stand & R		 Cupboard
aLadders		 Total
B/fwd value 0 0 0 0 0 0
Purchases 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0
Present value 0 0 0 0 0 0

Page 2

Annual Accounts 2024/2005

SADDLEWORTH MUSICAL SOCIETY

| have examined the Receipts and Payments which form the basis of the above accounts for the year ending 31° March 2025.

Nothing has come to my attention in connection with this examination that gives me cause to believe otherwise that the accounts show a true and accurate reflection of the SMS’s accounting records. | am not aware of any matter to which your attention needs to be drawn in order to obtain a proper understanding of the accounts.

The detailed records and logical manner in which these records were presented made it easy to check the relevant income and expenditure in order to finalise the check on the income expenditure & balance sheet.

Michael A. Clegg

External Examiner Dated : 4/07/2025 47 Palin Wood Road, Delph