HITCHIN BAND
Advancing the art of music in Hitchin and surrounding area for public benefit by: Offering training and coaching to brass musicians of all ages to enable them to play to a standard ready for public performance and to develop their musical abilities; Performing public concerts of varied and informative programmes; Collaborating with other groups and individuals to enhance the offering to audiences.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure of £5,733 for the year, resulting in a decrease in total funds from £57,519 to £57,225. Despite the deficit, unrestricted reserves remain well above the trustees' informal working balance target of £5,000, with a current cash balance exceeding £16,000. The trustees confirm there are no concerns regarding the charity's ability to continue as a going concern.
What the accounts disclose
“Principle source of income in this financial year has been: - Income from concerts and events; - Member subscriptions; - Paid engagements; - Donations and public collections.”
“The CIO currently has no formal policy on holding minimum reserves, however, we would expect to maintain a working balance not less than £5,000.” — page 4
Trustees
- Dinah Margaret Birchchair
- Adam Ilott
- Allan Paul Hooker
- Andrew Richard Grady
- Hannah Landsman
- Keith Andrew Birch
- Robert Bush
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £26k | £31k |
| 31/03/2024 | £25k | £31k |
| 31/03/2023 | £34k | £37k |
| 31/03/2022 | £20k | £25k |
| 31/03/2021 | £59k | £14k |
Common questions
Is HITCHIN BAND financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net expenditure of £5,733 for the year, resulting in a decrease in total funds from £57,519 to £57,225. Despite the deficit, unrestricted reserves remain well above the trustees' informal working balance target of £5,000, with a current cash balance exceeding £16,000. The trustees confirm there are no concerns regarding the charity's ability to continue as a going concern. Its FY2025 accounts were independently examined.