LLOYD'S CHOIRfv-ffitqY, 1922-2022 Lloyd's Choir-Report and Finaneial Statements for the year ended 31st August 2023 Charity Registration No.. 1012519 CONTENTS Trustees, Report Independent Examiner's Report Income and ExpenditUTe Account p.3 Balan¢¢ Sheet Notes to Financial Statemcnts
j LLOYD'S CHOIRfvfvitV, 1922-2022 LLOYD'S CHOIR 'rrustees' Report For the Year ended 31 st August 2023 Thc Trustccs have pl¢asur¢ in submitting their Annual Report for the above year. CONSTITUTION Lloyd's Choir is a Charity under English Law and is registered with the Ch&rily Commission- Charity number 1012519. The governance of the Trust is laid out in tlie Society's constitution. Tlie constitution was adopted at the AGM held on the 4th February 1992, and amended July 2024. OBJECTtVES The Objcclives of the Society shall be to protnole, improve, develop and maintain piiblic education in and appreciation of the art and science of music in all ils aspects by the pr¢senlation of public coneerts and recital and by such other ways as the Choir through its Cominittee sliall detemiine froin time to time. ACHIEVEMENTS This being our Centenary year, the Choir put on a Gala Christmas concert, as well as its usual programme of Autumn, Spring and Slimmer concerts, together with various small groiip events. These were all well attended in tem)s of audience, and gave our memb¢rs the opportunity to sing a wid¢ rangc of music. RESERVES The reserves are inaintained in order for the objectives of the Choir to be achievcd in future years. FINAf4CL&L INFORIVIATION The Choir's income for ilie year was £54,772 (2022.. £18,702) The total expenses for the year were £56,810 (2022.. £24.689) ACKNOWLF.DGEMENT The Choir gralcfully acknowledges the significant contribution of all those involved who have given both time and money in support of the Choir's activities. The Choir is a charity and is recognised as such by H. M. Revenue & Customs for taxation purposes. As a result there is no liability to taxation on any of its income. Trustees Tlic Trustccs who strvcd during the year were as follows.. Chaim)an Brian Bendle Hon. Secr¢tary Jo Staphnill Hon. Treasurer David Houghton Registered Address.. One Litne Street London EC3M 7HA Approved by the Committee and signed on their behalf David Houghton, Hon. Treasurer 29, July 2024
LLOYD'S CHoIRGrfffii ', 1922-2022 Independent examiner's report to the trustees of the Lloyd's Choir I report to the trustees on my examination of the accounts of the Lloyd's Choir I'the Choirfl for the year ended 31" August 2023 Responsibilities and basis of report As the charity trustees of the Choir you are responsible for the preparation of the accounts in accordance with the reqijirements of the Charities Act 20111'the Act'l. You consider that an audit is not required for this year under section 144121 of the Art and that an independent examination is needed. I report in respect of my examination of the Choir'5 accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect-. accounting record5 were not kept in respect of the Choir as required by section 130 of the Art,. or 2. the accounts do not accord with those records. 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. Signed= Stephen Mccann FCCA 3 Oxenden Wood Road Chelsfield Park Orpington BR6 6HR 27, July 2024
ILLOYD'S ,CHOIRGtyt ', 1922-2022 LLOYD'S CHOIR INCOME AND EXPENDITURE ACCOUNT For the year ended 31st August 2023 2022-23 2021-22 Note Income 54.772 18,702 Expcnditure (56,810) (24,689) Surplus/ (D¢ficit} of Income over Expenditure (2,038) (5,987) There are no recogni5ed gains or losses other than those passing through the Income and Expenditure Account The notes on page 5 forn)s part of these financial statements
LLOYD'S CHoIRGittrtffj', 1922-2022 LLOYD'S CHOIR BALANCE SIIEET For the year ended 31st August 2023 Asat Asat 3110812023 3110812022 CURRENT ASSETS Cash at Bank 20,759 22,797 Petty Cash Debtors CURRENT LIABILITIES Creditors NET ASSETS FUND Fund as at 0110912022(2021) 22,797 28,784 Surplusl(Deficit) of Income over Expenditure (2,038) (5,987) Fund Balance at 3110812023(2022) The financial st2ternent was approved by the Committee on 26 July 2024 Signed on behalf of the Trustees
LLOYD'S CHoIRGittri ', 1922-2022 LLOYD'S CHOIR NOTES TO THE FINAIYCIAL STATEMENTS For the year ended 31st Augu¥t 2023 I. ACCOUNTING POLICIES Basis of Accoiintin The accounts have been prepared in accordance with the Financial Reporting Standard for Srnaller F.ntities. 2. Inconic }d Expenditure Account 2022-23 2021-22 Income Member's subscriptions 12,443 10,029 Donations from Friends and Sponsors 19,700 I,ioo Other Donations 10,000 Ticket Sales 11,917 3,231 Music Purchases 73 Gift Aid 3,519 Other 639 823 TOTAL INCOME enditure Concerts costs 47,830 12,680 Fees 5,831 4,701 Music PurchaselHire 1,500 1,935 Insurance 634 622 Other 1,015 4,751 TOTAL EXPENDITURE
CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From 01.09.2022 31.08.2023 Period stsrt date Period end date Charity name: Lloyd's Choir Charity registration number: 1012519 Objectives and Activities SORP refÈrÈn¢e Summary ofthe purposes of the charity as sel out in its governing document Para 1.17 The Objectives of the Society shall be 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 recital and by such other ways as the Society through its Committee shall detemiine from time to time Please see below schedule of rehearsals and concerts for the period in question, demonstrating active services to the public benefit.. Summary oflhe main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. Para 1 17and Monday 4 September REHEARSAL Monday 11 September REHEARSAL Monday 18 September REHEARSAL Monday 25 September REHEARSAL Monday 25 September 17.45- 20.00 AUTUMN EVENING REHEARSAL Wednesday 27 September 17.45- 20.00 AUTUMN EVENING REHEARSAL Monday 2 October 13.05 - 14.15 REHEARSAL Tuesday 3 October 12.30 - 14.00 AUTUMN CONCERT Monday 9 October 13.05 - 14.00 REHEARSAL Tuesday 10 October 13.05- 14.15 REHEARSAL Thursday 12 October LION SERMON Monday 16 October 13.05- 14.00 REHEARSAL Monday 23 October 13.05- 14.00 REHEARSAL 13.05- 14.15 13.05- 14.15 13.05- 14.15 13.05- 14.15 18.00 - 19.00
Monday 30 October 13.05 - 14.00 REHEARSAL Monday 6 November13.05 - 14.00 REHEARSAL Friday 10 November 10.15 - 11.00 REMEMBRANCE CEREMONY Friday 10 November 11.15- 12.45 REMENtBRANCE SERVICE Monday 13 November 13.05 - 14.00 REHEARSAL Monday 20 November REHEARSAL Monday 27 November REHEARSAL Monday 27 November RED CROSS Tuesday 28 November REHEARSAL Monday 4 December13.05 - 14.00 REHEARSAL Tuesday 5 December 17.00 - 20.00 MTS carols - Small Group Thursday 7 December 12.45 - 14.00 Insurance Carol Service Monday 11 December 13.05- 14.00 REHEARSAL Tuesday 12 December 12.50- 13.45 ROSTRUM CONCERT Wed 13 December CAROL SINGING Wednesday 13 December 17.30- 19.00 IIL CAROL CONCERT Thursday 14 December 17.30 - 19.00 CAROL CONCERT Tuesday 19 December 17.00 - 20.00 Little Ship Club Carols - Small 13.05- 14.00 13.05- 14.00 18.00- 20.00 17.45- 20.00 Group Thursday 21 December MARKEL Thursday 23 March 2023 SPRING CONCERT at St Giles 17.30- 19.00 Monday 3 April REHEARSAL Tuesday 11 April REHEARSAL Monday 17 April REHEARSAL Monday 24 April REHEARSAL Tuesday 2 May REHEARSAL Thursday 4 May 11.30 12.10 KING'S CORONATION Tuesday 9 May 13.05- 14.15 REHEARSAL Monday 15 May REHEARSAL Monday 22 May REHEARSAL 13.05- 14.15 13.05- 14.15 13.05- 14.15 13.05- 14.15 13.05- 14.15 13.05- 14.15 13.05- 14.15
Tuesday 30 May REHEARSAL Monday 5 June REHEARSAL Monday 12 June REHEARSAL Wednesday 14 June 17.30 - 18.30 RBL - small group by invitation Thursday 15 June 12.30 - 14.00 LANCASTRIA SERVICE Monday 19 June 13.05- 14.15 REHEARSAL Tuesday 20 June REHEARSAL Wednesday 21 June 17.30- 18.30 WRENATHON EVENSONG Monday 26 June 13.05- 14.15 REHEARSAL Monday 3 July REHEARSAL Monday 3 July 17.45 - 20.00 EVENING REHEARSAL Thursday 6 July 17.30 - 20.30 SUMMER CONCERT Monday 10 July 13.05- 14.15 PLATFORM CONCERT REHEARSAL Tuesday 11 July 12.50- 14.00 PLATFORM CONCERT Tuesday 18th July 13.00- 14.30 CHOIR SUMMER PARTY Monday 24 July 13.OS- 14.15 COME & SING Monday 31 July & SING Monday 7 August 13.05 - q4.15 COME & SING The trustees regularly consider events to host or tske part in, to support the main aimslpurposes of the Charity and having regard to the Charity Commission guidance. 13.05- 14.15 13.05- 14.15 13.05- 14.15 17.45- 20.00 13.05- 14.15 13.05- 14.15 COME Statement confirming whether the trustees have had regard to the guidan issued by the Charity Commission on publi benefit Paral 18 Additional information (optionall You ma choose to include further statements where relevant about.. SORP reference There is no provision for grant making Para 1.38 Policy on grant rnaking The charity does not have any material social investment policy Para 1.38 Policy on social investment including program related investment Members of the Choir are all volunteers, ivin their time to su ort the
Contribution made by volunteers Para 1.38 activities of the choir through music making. Other Achievements and Performance SORP reference The charity has taken part in numerous musical events {as summarised in the schedule referred to in relation to SORP para 1.1711.191. Some of these are th8 Choir's own concerts, attracting sizeable audiences. A number of our events are on behalf of third party organiserslcharities such as Lloyd'slmission to SeafaTersl Royal British Legion. All of these events bring joy to Members and audiences alike. Members of the charity represent various London City organisations through which the charity is spreading it's reach. Summary of the main achievements of the charity, identifying the difference the charity's work has made to the circumstances of its beneficiaries and any wider benefits lo society as a whole. Para 1.20 Additional information loptionall You ma choose to include further statements where relevant about.. The trustees carefully plan events at the beginning of each year, and closely monitor these events for financial and public interest. The trustees are very happy that objectives are being achieved. In addition to the subscriptions paid by Members, the main fund raising is for specific concerts and the charity is happy that targets are met and costs covered. Achievements against objeclives set Para 1.41 Perfomance offundraising activities against objectives set Para 1.41 nla Investment performance against objectives Par8 1.41 Other
Financial Review Review of the charity's financial position at the end of the eriod Statement explaining the policy for holding reserves stating why they are held Para 1.21 Despite larger than normal expenses, we conlinue to hold reserves in line with our reserve olic see SORP ara 1.22 Reserves are held such that we can continue to run for at least one year of normal activity, even if all income were to cease. Alongside our working accounL we hold a separate deposit account of £10,745.17. nla Para 1.22 Amount of reserves held Para 1.22 Reasons for holding zero reserves Details of fund materially in deficit Explanation of any uncertainties about the charity continuing as a going concern Part 1.22 Para 1 24 nla Para 1 23 nla Additional information (optional) You ma choose to include further statements where relevant about= Our main sources of income are members subscriptions123 % this year}, sponsorship132 /0) and concert ticket sales (22 % >. This year we also had private donations that made up a further 22°/• of our income. Due to liquidity concerns, all reserves are invested are in cash instruments. The charity's principal sources of funds (including any fundraising) Para 1.47 Investment policy and objectives including any social investment policy adopted Para 1.46 The main risks to the charity are.. 1. Being unable to access our weekly rehearsal venLte. We do have a back up church if this were lo ever happen. 2. Financially, the main risk is not being able lo attract sponsorship for our main concert. We have a number of regular sponsors and if we were to ever lose this income, we would just scale down our concerts. 3. Another pandemic. We have learnt lessons from Covid. A description of the principal risks facing the charity Para 1.46 Other
structure, Governance and Management Description of charity's trusts.. Type of governing document Ci. foy&l eli1LrI How is the charity constituted? le. q Linincorporaled asoociaiion, CIO) Trustee selection methods including details of any constilulional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees Para 1.25 Constitution Para 1.25 Unincorporated Society Par3 1.25 The Committee shall consist of a Chairman, Hon Secretary, Hon Treasurer Itogether'the Officers"), together with the Representative of the National Federation of Music Societies (Ua Making Music) and at least three other members. the Officers and other Committee members shall be elected by and out of the Society's members at the Annual General Meeting. they shall hold office for one year and be eligible for re- election. Additional infomiation (optional) You ma hoose to include further statements where relevant about.. Policies and procedures adopted for the induction and training of trustees Para 1.51 The charity's organisational structure and any wider network with which the charity works P8ra 1.51 Relationship with any related parties Para 1.51 Other Reference and Administrative details Charit name Other name the charil uses Re islered charil number Llo d's Choir 1012519
Charity's principal address LLOYD'S CHOIR LLOYDS BUILDING 1 LIME STREET LONDON EC3M 7HA
Names of the charity trustees who manage the charity Dates act8d if not for whole ear Trustee name Office lif any) Name of person lor body) entitlei toa oint trustee tfan Brian Bendle Chairman David Houghton Jo Staphnill Hon. Treasurer Hon. Secretary 10 12 14 15 16 17 18 20 Cor orate trustees- names of the directors at the date the re ortwasa roved Director name Name of trustees holding tille to property belonging lo the charity Trustee name Dates acted If not for whole ear
Funds held as custodian trustees on behalf of others Description of the assets held in this capacity Name and objects ofthe charity on whose behalf the assets are held and how this falls within the custodian charity s objects Details of arrangements for safe custody and segregation of suGh assets from the charity's own assets Additional information (optional) Names and addresses of advisers (Optional infomiation) Type of Name Address adviser Name of chief executive or names of senior staff members {Optional infomiation) Exemptions from disclosure Reason for non-disclosure of ke ersonnel details Other o tional information
Declarations The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Signaturelsl Full namels) Position (eg Secretary. Chair, etc) "IIvi)I HLJ£IHION HU Date