Foden's Band,Ltd - AccountsChartiy- Accounts

Foden's Band,Ltd - AccountsChartiy- Accounts

FODEN'S BAND - Company Information

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2021-01-01 09736878 2021-12-31 09736878 2021-01-01 2021-12-31 09736878 uk-bus:Director1 2021-01-01 2021-12-31 09736878 uk-bus:Director1 2021-12-31 09736878 uk-bus:Director2 2021-01-01 2021-12-31 09736878 uk-bus:Director2 2021-12-31 09736878 uk-bus:Director3 2021-01-01 2021-12-31 09736878 uk-bus:Director3 2021-12-31 09736878 uk-bus:Director4 2021-01-01 2021-12-31 09736878 uk-bus:Director4 2021-12-31 09736878 uk-bus:Director5 2021-01-01 2021-12-31 09736878 uk-bus:Director5 2021-12-31 09736878 uk-bus:CompanySecretary1 2021-01-01 2021-12-31 09736878 uk-char:TotalUnrestrictedFunds 2021-01-01 2021-12-31 09736878 2020-12-31 09736878 2020-01-01 2020-12-31 09736878 uk-core:WithinOneYear 2021-12-31 09736878 uk-core:WithinOneYear 2020-12-31 09736878 uk-char:TotalUnrestrictedFunds 2021-12-31 09736878 uk-char:TotalUnrestrictedFunds 2020-12-31 09736878 uk-core:FurnitureFittingsToolsEquipment 2021-01-01 2021-12-31 09736878 uk-core:OfficeEquipment 2021-01-01 2021-12-31 09736878 uk-core:ComputerEquipment 2021-01-01 2021-12-31 09736878 uk-char:Activity1 2021-01-01 2021-12-31 09736878 uk-char:Activity2 2021-01-01 2021-12-31 09736878 uk-core:ComputerEquipment 2020-12-31 09736878 uk-core:FurnitureFittingsToolsEquipment 2020-12-31 09736878 uk-core:FurnitureFittingsToolsEquipment 2021-12-31 09736878 uk-core:ComputerEquipment 2021-12-31 09736878 uk-core:ListedExchangeTraded uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2020-12-31 09736878 uk-core:ListedExchangeTraded uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2021-12-31 09736878 uk-char:TotalUnrestrictedFunds uk-char:MaterialFund1 2021-01-01 2021-12-31 09736878 uk-char:TotalUnrestrictedFunds uk-char:MaterialFund1 2020-01-01 2020-12-31 09736878 uk-char:TotalUnrestrictedFunds 2020-01-01 2020-12-31 09736878 uk-char:MaterialFund1 uk-char:TotalUnrestrictedFunds 2021-01-01 2021-12-31 iso4217:GBP xbrli:pure 09736878 uk-bus:AuditExemptWithAccountantsReport 2021-01-01 2021-12-31 09736878 uk-bus:FRS102 2021-01-01 2021-12-31 09736878 uk-bus:FullAccounts 2021-01-01 2021-12-31
(England and Wales)
Company number: 09736878
Charity number: 1168556
Foden's Band
For the year ended 31 December 2021
Report of the Trustees and Unaudited Financial Statements
2
For the year ended 31 December 2021
Foden's Band
Contents Page
1
Report of the Trustees
2
Independent Examiner's Report to the Trustees
3
Statement of Financial Activities
4
Statement of Financial Position
5 to 10
Notes to the Financial Statements
3
For the year ended 31 December 2021
Foden's Band
Report of the Trustees
The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the
financial statements for the charitable company for the year ended 31 December 2021. The Trustees have adopted the
provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS
102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
REFERENCE AND ADMINISTRATIVE INFORMATION
Foden's Band
Name of Charity
Charity registration number
1168556
09736878
Company registration number
46 Newtons Crescent
Principal address
Winterley
Sandbach
Cheshire
CW11 4TS
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Mr Chris Finnigan
Mark Greaves
Alison Graham
Gill Merry
Robin Basu
Mark Wilkinson
Secretary
David Nugent & Co Limited
Independent examiners
The Counting House
4A Moss Lane
Swinton
Manchester
M27 9SA
.............................................................................
Approved by the Board of Trustees and signed on its behalf by
23 September 2022
Mark WilkinsonSecretary
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4
For the year ended 31 December 2021
Foden's Band
Independent Examiners Report to the Trustees
I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 December 2021.
Responsibilities and basis of report
As the charity Trustees, who are also directors for the purposes of company law, are responsible for the preparation of the accounts 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, I report in respect of my examination of your charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiners statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination
giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the 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
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended
Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I 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.
David Nugent & Co Limited
FCCA
David Nugent
The Counting House
4A Moss Lane
Swinton
Manchester
M27 9SA
23 September 2022
2 of 10
5
For the year ended 31 December 2021
Foden's Band
Statement of Financial Activities (including Income and Expenditure Account)
2020
Unrestricted
funds
Notes
£
£
Income and endowments from:
Donations and legacies
117,356
108,499
2
Investments
1,018
516
3
Total
118,374
109,015
Expenditure on:
Charitable activities
(109,820)
(89,309)
4/5
Total
(109,820)
(89,309)
8,554
19,706
Net income
Reconciliation of funds
Total funds brought forward
153,054
172,760
Total funds carried forward
181,314
172,760
3 of 10
6
09736878
Registered Number :
As at 31 December 2021
Foden's Band
Statement of Financial Position
£
£
Notes
2021
2020
Fixed assets
Tangible assets
49,474
46,438
10
Investments
40,992
40,992
11/12
90,466
87,430
Current assets
2,419
647
13
Debtors
Cash at bank and in hand
89,131
91,591
91,550
92,238
Creditors: amounts falling due within one year
(702)
(6,908)
14
Net current assets
90,848
85,330
Total assets less current liabilities
181,314
172,760
Net assets
181,314
172,760
The funds of the charity
Unrestricted income funds
15
181,314
172,760
Total funds
181,314
172,760
For the year ended 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
23 September 2022
Mr Chris Finnigan
4 of 10
7
For the year ended 31 December 2021
Foden's Band
Notes to the Financial Statements
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: 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) (effective 1 January 2019)', Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006. Foden's Band meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Going concern
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
5% Reducing balance
Instrument's
15% Reducing balance
Computer equipment
15% Reducing balance
Furniture,fittings, tools and
2. Income from donations and legacies
2020
2021
£
£
Unrestricted funds
Donations received
32,923
49,112
Legacies received
12,443
8,699
Grants received
49,840
48,430
Gifts in kind
12,284
7,177
Donated goods and services
1,009
3,938
108,499
117,356
3. Investment income
2020
2021
£
£
Unrestricted funds
Income from listed investments
1,018
516
516
1,018
5 of 10
8
For the year ended 31 December 2021
Foden's Band
Notes to the Financial Statements Continued
4. Costs of charitable activities by fund type
2020
2021
£
£
Unrestricted funds
40,633
29,602
Activity 1
48,676
80,218
Support costs
89,309
109,820
5. Costs of charitable activities by activity type
2020
2021
Support
costs
Activities
undertaken
directly
£
£
£
£
Support costs
Activity 1
56,877
27,275
29,602
56,495
Activity 2
52,943
52,943
-
32,814
29,602
80,218
109,820
89,309
6. Analysis of support costs
2020
2021
Activity 2
Activity 1
£
£
£
£
Other office costs
27,275
-
27,275
14,024
Legal fees
-
2,740
2,740
2,444
Insurance
-
1,045
1,045
1,733
Subscriptions &
registration fees
-
1,398
1,398
289
Hall Hire
-
29,340
29,340
16,992
Cd's & Music
-
10,603
10,603
5,674
Equip Repairs
-
6,359
6,359
6,090
Accountancy
-
1,458
1,458
1,430
48,676
27,275
52,943
80,218
Management & support costs, relate to the profit on disposal of assets, as a result of the insurance claim made.
6 of 10
9
For the year ended 31 December 2021
Foden's Band
Notes to the Financial Statements Continued
7. Net income/(expenditure) for the year
This is stated after charging/(crediting):
2021
2020
£
£
Depreciation of owned fixed assets
2,740
2,444
8. Staff costs and emoluments
Total staff costs for the year ended 31 December 2021 were:
2021
2020
£
£
Salaries and wages
40,680
40,633
40,680
40,633
2021
2020
0
Support Staff
1
1
0
9. Comparative for the Statement of Financial Activities
The comparative year values on the Statement of Financial Activites are for unrestricted funds.
7 of 10
10
For the year ended 31 December 2021
Foden's Band
Notes to the Financial Statements Continued
10. Tangible fixed assets
Furniture,fitti
ngs, tools
and
Instrument's
Total
Cost or valuation
£
£
£
54,163
-
54,163
At 01 January 2021
5,775
1,289
4,486
Additions
At 31 December 2021
58,649
1,289
59,938
Depreciation
7,725
-
7,725
At 01 January 2021
Charge for year
2,739
193
2,546
10,464
193
10,271
At 31 December 2021
Net book values
At 31 December 2021
At 31 December 2020
48,378
46,438
1,096
-
49,474
46,438
Investments
11. Analysis of movement of commercial investments
Listed
investments
£
Market value at 01
January 2021
40,992
Market value at 31
December 2021
40,992
12. Analysis of investments between funds as at year ended 31 December 2021
2020
2021
£
£
Unrestricted funds
Listed investments
40,992
40,992
40,992
40,992
8 of 10
11
For the year ended 31 December 2021
Foden's Band
Notes to the Financial Statements Continued
13. Debtors
2021
2020
£
£
Amounts due within one year:
Trade debtors
203
-
Other debtors
2,216
647
2,419
647
14. Creditors: amounts falling due within one year
2021
2020
£
£
Trade creditors
48
48
Accruals and deferred income
654
6,860
702
6,908
15. Movement in funds
Unrestricted Funds
Balance at
01/01/2021
Incoming
resources
Outgoing
resources
Balance at
31/12/2021
£
£
£
£
General
172,760
118,374
(109,820)
181,314
General
172,760
118,374
(109,820)
181,314
Unrestricted Funds - Previous year
Balance at
01/01/2020
Incoming
resources
Outgoing
resources
Balance at
31/12/2020
£
£
£
£
General
153,054
109,015
(89,309)
172,760
General
153,054
109,015
(89,309)
172,760
9 of 10
12
For the year ended 31 December 2021
Foden's Band
Notes to the Financial Statements Continued
Purpose of unrestricted Funds
General
THE OBJECTS OF THE ASSOCIATION ARE TO EDUCATE THE PUBLIC IN THE MUSICAL ARTS AND IN PARTICULAR THE ART OF BRASS BAND PLAYING AND TO FURTHER THE DEVELOPMENT OF PUBLIC APPRECIATION AND TASTE IN THE SAID ART BY THE PERFORMANCE OF CONCERTS AND OTHER ACTIVITIES.
16. Analysis of net assets between funds
Tangible
fixed assets
Investments
Net current
assets /
(liabilities)
Net Assets
£
£
£
£
Unrestricted funds
General
49,474
40,992
90,848
181,314
General
49,474
40,992
90,848
181,314
Previous year
Tangible
fixed assets
Investments
Net current
assets /
(liabilities)
Net Assets
£
£
£
£
Unrestricted funds
General
46,438
40,992
85,330
172,760
General
46,438
40,992
85,330
172,760
10 of 10