TRUSTEES ANNUAL REPORT (1[st] August 2023 - 31[st] July 2024) INVERURIE CONCERT BAND SCO49370
- Trustees during the period
Governance – The constitution of Inverurie Concert Band is followed.
Objectives and Activities –
The objectives of the Inverurie Concert Band are to promote, improve, develop and maintain public education in and appreciation of the art and science of music in all its aspects by the presentation of public concerts and recitals. In furtherance thereof but not otherwise, shall seek:
To provide an opportunity for instrumentalists of all standards to enjoy the musical and social life of the band.
To establish a profile in the Grampian area, through several public concerts and workshops.
To promote a positive equal opportunities policy and practice programme which is documented within our policy documents.
Summary of achievements and performance in the financial year –
The Inverurie Concert Band (ICB) had a very strong year. Our numbers have increased in both the main band and in the Youth Section, with the start of the Big Band. We have purchased new percussion equipment, building a stronger section. We maintain our weekly rehearsals for the three bands ending each term with a Christmas and Summer Concerts respectively. We are proud that our audience numbers have increased, bringing in more revenue for the organisation. We have secured performance dates and a performance venue for the next three years.
This is ICB's 10th Anniversary. We had a commissioned original work for our June 2024 concert written by local composer
Financial review
The bands funds on 31[st] July 2024 stood at £6,151.42 up from £4,256.20 on 31[st] July 2023.
Income was £21,857.23 and expenditure £19,962.66 with a net gain of £1,895.22.
Relating to income, subscriptions increased £12,077.10 from £8,329.80 in 2023.
Tickets sales and donations have increased to £5,148.64 and £1,1,061.03.
Relating to expenditure, the conductor’s remuneration was £4,350 and £5,924.81 was spent on the purchase of instruments due to the growing youth band.
Hall rental was up to £4,350.00. Sundry payments amounted to £326.40, refreshments for the band and conductor’s Xmas gift. Publicity costs were £520 for concert posters and the web site.
The charity’s main income is subscription income and we have also claimed £2,618.17 as gift aid and the aim is to hold sufficient cash funds to meet all expenditure due and anticipated in a 12 month period.
The Trustees receive no remuneration or expenses.
Declaration
The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees.
TREASURER 2023-2024, 14 October 2024
Page 3
INVERURIE CONCERT BAND SC049370
STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING RECEIPTS AND PAYMENTS ACCOUNT) FOR YEAR ENDED 31 JULY 2024
| INVERURIE CONCERT BAND SC049370 STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING RECEIPTS AND PAYMENTS ACCOUNT) FOR YEAR ENDED 31 JULY 2024 |
|||
|---|---|---|---|
| RECEIPTS Grants Donations Receipts from Fundraising Activities Receipts from Charitable Activities Investment Income Total Incoming Resources PAYMENTS Resources Expended for Fundraising Resources Expended for Charitable Activities Governance Costs - Independent Examination Total Resources Expended Net Incoming / (Outgoing) resources for Year Total Funds at 1 August 2023 Total Funds at 31 July 2024 |
Restricted Unrestricted Funds Funds £ £ - - - 1,061 - - - 20,796 - - - 21,857 - - - 19,770 - 192 - 19,962 - 1,895 - 4,256 - 6,151 |
Total Funds 2024 £ - 1,061 - 20,796 - 21,857 - 19,770 192 19,962 1,895 4,256 6,151 |
Total Funds 2023 £ - 939 197 12,059 - |
| 13,195 | |||
| 11,653 60 |
|||
| 11,713 | |||
| 1,483 2,773 |
|||
| 4,256 |
The statement of financial activities includes all gains and losses in the year.
P899 4 INVERURIE CONCERT BAND STATEMENT OF BALANCES AS AT 31 JULY 2024 SC049370 Totsl R•stri¢ted Unr¢stri¢t•d Funds Funds Funds 2024 Total Funds 2023 Total Funds at 1 August 2023 surpluslld8ficil) for the year 4256 1.895 4256 1,895 2.773 Totsl Funds at 31 July 2024 6.151 151 4.256 6 March 2025 The financial statements were appro¥ed by the Board of Twstees on.............................. and were signed on its behalf by:
Page 5
INVERURIE CONCERT BAND NOTES TO THE ACCOUNTS FOR YEAR ENDED 31 JULY 2024
SC049370
Nature & Purpose of Funds
Funds are generally raised through subscriptions, donations and ticket sales and are used to promote, improve, develop and maintain public education in, and appreciation of, the art and science of music in all its aspects by the presentation of public concerts and recitals.
Trustee Remuneration & Expenses
No remuneration was paid during the period to any charity trustee or person connected to a trustee in this period.
Direct reimbursement of purchases on behalf of the organisation was paid to 3 trustee on submission of receipts. These payments amounted to £827.86.
| RECEIPTS Subscriptions Performance Income/Ticket Sales Sponsorship Donations Gift Aid Fundraising Sundries Total Receipts PAYMENTS Music Director/Conductors' Fees Music hire/purchase Musician fees Rehearsal costs Concert venue Instruments Sundries (refreshments, gifts) Website Publicity (posters, printing) Bank charges Independent Examination Fees Insurance (Making Music) Total Payments |
Funds 2024 £ 12,077.10 5,148.64 900.00 1,061.03 2,618.17 20.19 32.10 21,857.23 4,350.00 2,514.72 - 3,251.99 420.00 5,956.80 1,984.21 227.99 520.00 83.30 192.00 461.00 19,962.01 |
Funds 2023 £ 8,579.80 1,926.30 - 1,050.00 1,442.06 197.29 |
|---|---|---|
| 13,195.45 | ||
| 4,000.00 208.95 750.00 1,535.00 1,602.00 2,133.88 488.87 252.00 359.20 59.60 60.00 263.23 |
||
| 11,712.73 |
Independent Examiner’s Report to the Trustees of
Inverurie Concert Band
Registered Charity Number: SC049370
I report on the accounts of the charity for the year ended 31 July 2024 which are set out on pages 3-5.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity trustees consider that the audit
requirement of Regulation 10(1) (d) of the 2006 Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention.
Basis of independent examiner’s statement
My examination is carried out in accordance with Regulation 11 of the 2006 Accounts
Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeks explanations from the trustees
concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In the course of my examination, no matter has come to my attention
-
which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations
-
to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations
have not been met, or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signe Nam
Designation: Finance & Administration Manager
Address: Aberdeenshire Voluntary Action, PO Box 18706, Peterhead AB42 9BA Date: 7 March 2025