LLOYD'S ' CHOIRerffvtiVL 1922-2022 Lloyd's Choir- Report and Financial Statements for the year ended 31st August 2024 Charity Registration No: 1012519 CONTENTS Trustees, Report Independent Examiner's Report Income and Expenditure Account p.3 Balance Sheet Notes to Financial Statements
LLOYD'S 1922-2022 LLOYD'S CHOIR Trustees, Report For the Year ended 3 1st August 2024 The Trustees have pleasure in submitting their Annual Report for the above year. CONSTrfuTION Lloyd's Choir is a Charity under English Law and is registered with the Charity Commission - Charity number 1012519. The governance of the Trust is laid out in the Society's constitution. The constitution was adopted at the AGM held on the 19th January 2011. OBJECTIVES The Obj¢ctiv¢s 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 Choir through its Committee shall determine from time to time. ACHIEVEIIIENTS The choir performed its usual programme of AutUTnn, Christmas, Spring and Summer concerts, together with various small group ¢v¢nts. These were all well attended in tcrnis of audience, and gave our members the opportunity to sing a wide range of Tnusic. RESERVES The reserves are maintained in order for the objectives of the Choir to be achieved in future years. FINANCIAL INFORIVIATION The Choir's income for the year was £31,920 (2023: £54,772) The total expenses for the year were £29,169 (2023: £56,810) ACKNOWLEDGEIIqENr The Choir gratefully acknowledges the significant contribution of all those involved who have given both time and money in support of the Choir's activitics. 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 The Trustees who served during the year were as follows: Chairman Brian B¢ndle Hon. Secretary Jo Staphnill Hon. Treasurer David Houghton Registered Address. One Lime Street London EC3M 7HA Approved by the Trustecs and signed on their behalf David Houghton, Hon. Tr¢asur¢r 30 June 2025
LLOYD'S CHOIR&th . 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 2024 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 requirements of the Charities Act 2011 {'the Act'l. You consider that an audit is not required for this year under section 144121 of the Act and that an independent examination is needed. I report in respect of my examination of the Choirfs 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 145{5llb} 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 records were not kept in respect of the Choir as required by section 130 of the Act; 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: StÉve Stephen Mccann FCCA 3 Oxenden Wood Road Chelsfield Park Orpington BR6 6HR 30th June 2025
LLOYD'S CHoIKGAkntq3b i 1922-2022 LLOYD'S CHOIR INCOME AND EXPENDITURE ACCOUNT For the year ended 31st August 2024 2023-24 2022-23 Note Income 31,920 54,772 Expenditure (29,169) (56,810) Surplusl (Deficit) of Income over Expenditure 2.750 (2,038) There are no recogrAised gains or losses other than those passing through the Income and Expenditure Account Th¢ notes on page 5 forn part of these financial statements
LLOYD'S CHOIRGAOI ', 1922-2022 LLOYD'S CHOIR BALANCE SHEET For the year ended 31st August 2024 Asat Asat 3110812024 31108/2023 CURRENT ASSETS Cash at Bank 23,510 20,759 Pety Cash Debtors CURRENT LIABILITIES Creditors NET ASSETS FUND Fund as at 01109/2023(2024) 20,759 22,797 Surplusl(Deficit) of Income over Expenditure 2,751 (2,038) Fund Balance at 31108/2024(2023} The financial statement was approved by the Trustees and signed on their behalf David Houghton, Hon. Trcasurer 30 June 2025
LLOYD'S CHOIRGthth&y 1922-2022 LLOYD'S CHOIR NOTES TO THE FINANCIAL STATEMENTS For the year ended 31st August 2024 I. ACCOUNTING POLICIES Basis of Accountin The accounts have been prepared in accordance with the Financial Reporting Standard for Smallcr Entities. 2. Income and Expenditure Account 2023-24 2022-23 Income Member's subscriptions 14,854 12,443 Donations from Friends and Sponsors 7,125 19,700 Other Donations 3,124 10,000 Ticket Sales 6,070 11,917 Music Purchases 84 73 Gift Aid Other 663 639 TOTAL INCOME endxture Concerts costs 18,879 47,830 Fees 4,000 5,831 Music Purchase/Hire 897 1.500 Insurance 675 634 Other 4,718 1,015 TOTAL EXPENDITURE
CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From 01.09.2023 31.08.2024 Period start date Period end date Charity name: Lloyd's Choir Charity registration number: 1012519 Objectives and Activities SORP referen Summary of the purposes of the charity as set 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 of the main activities in relation to those purposes for the public benefit, in particuSar, the activities, projects or services identified in the accounts. Para 1.17and 1.19 Monday 4 September REHEARSAL Monday 11 September REHEARSAL Monday 18 September REHEARSAL Monday 25 September REHEARSAL Tuesday 26 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 Monday 30 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 6 November13.05 - 14.00 REHEARSAL Friday 10 November 10.15- 11.00 REMEMBRANCE CEREMONY Friday 10 November 11.15 - q2.45 REMEMBRANCE 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 TBA - Tuesday 12 December - 13.45 ROSTRUM CONCERT TBA - Wed 13 December TBA CAROL SINGING Wednesday 13 December 17.30 - 19.00 IIL CAROL CONCERT Thursday 14 December 17.30 - 19.00 CAROL CONCERT TBA - Monday 18 December - 14.30CHRISTMAS PARTY 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 12.50 13.00 Group TBA - Thursday 21 December - 19.00 MARKEL 17.30 Tuesday 16 January 2024 13.05 - 14.00 AGM 23-Apr-24 TBA INSURANCE ORCHESTRA CENTENARY SUMMER 2024 WEEKEND VARIOUS 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 13.05- 14.15 13.05- 14.15 13.05- 14.15 13.05- 14.15 13.05- 14.15
Tuesday 9 May REHEARSAL Monday 15 May REHEARSAL Monday 22 May REHEARSAL 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 13.05- 14.15 COME & SING Monday 31 July & SING Monday 7 August 13.05- 14.15 COME & SING The trustees regularly consider events to host or take 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 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 public benefit Para 1.18 Additional information (optional) You ma choose to include further statements where relevant about.. SORP referen There is no provision for grant making Para 1.38 Policy on grant making The charity does not have any material social investment polic
Policy on social investment including program related investment Para 1.38 Members of the Choir are all volunteers, giving up their time to support the activities of the choir through music making. Para 1.38 Contribution made by volunteers Other Achievements and Performance SORP refence The charity has taken part in numerous musical events (as summarised in the schedule referred to in relation to SORP para 1.1711.19). Some of these are the Choir's own concerts, attracting sizeable audiences. 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 ofthe main achievements of the charity. identifying the difference the charity's work has made to the circUmstanS of its beneficiaries and any wider benefits to society as a whole. Para 1.20 Additional information (optional) 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 objectives set Para 1.41 Performan of fundraising activities against objectives set Para 1.41 nla Investment performan against objectives Para 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 We continue to hold reserves in line with our reserve policy (see SORP para Para 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 account, we hold ase arate de osit account of £10 907. nla 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 Para 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 subscriptions {47 /0 this year), sponsorship (22 /0) and concert ticket sales (19 % ). This year we also had private donations that made up a further 100/0 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 venue. We do have a back up church if this were to ever happen. 2. Financially, the main risk is not being able to 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 (trust deed, ro al charter How is the charity constituted? (e.g unincorporated association, CIO Trustee selection methods including details of any constitutional 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 7.25 Unincorporated Society Para 1.25 The Committee shall consist of a Chairman, Hon Secretary, Hon Treasurer (together "the Officers"), together with the Representative of the National Federation of Music Societies (tla 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 information {optionall You ma choose 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 Para 1.51 Relationship with any related parties Para 1.51 other Reference and Administrative details Charit name Other name the charit uses Re istered charit 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 acted if not for whole ear Trustee name Office (if any Name of person lor body) entitlec toa oint trustee ifan Brian Bendle Chairman David Houghton Jo Staphnill Hon. Treasurer Hon. Secretary 10 12 13 14 15 16 17 18 19 20 Cor orate trustees - names of the directors at the date the re Director name ort was approved Name of trustees holding title to property belonging to 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 of the 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 such assets from the charity's own assets Additional information (optional) Names and addresses of advisers (Optional information) Type of Name Address adviser Name of chief executive or names of senior staff members (Optional inforniation) Exemptions from disclosure Reason for non-disclosure of ke rsonnel details Other optional information
Declarations The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Signature{s) Full name(s) Position (eg Secretary, Chair, etc} Ihvi)I rlow& HfoN Date 3D/ 06 jzf