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← The London Symphony Chorus Endowment Fund

2025-08-31-accounts

REGISTERED CHARITY NUMBER: 1028304

Report of the Trustees and Unaudited Financial Statements for the Year Ended 31st August 2025 for London Symphony Chorus Endowment Fund

London Symphony Chorus Endowment Fund

Contents of the Financial Statements for the Year Ended 31st August 2025

Page
Report of the Trustees 1 to 5
Independent Examiner's Report 6 to 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Financial Statements 10 to 21
Detailed Statement of Financial Activities 22

London Symphony Chorus Endowment Fund

Report of the Trustees for the Year Ended 31st August 2025

The Trustees present their report with the financial statements of the Charity for the year ended 31st August 2025. 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).

As the London Symphony Chorus Endowment Fund's gross income does not exceed £250,000 and the value of its assets is less than £3.26 million, the Trustees have decided that the financial statements should be subject to independent examination (rather than audit), which is permitted by the London Symphony Chorus Endowment Fund’s Trust Deed and the relevant legal requirements and Charity Commission guidance.

MEETINGS OF THE TRUSTEES

During the financial year 2024/2025 the Trustees held four formal meetings. In addition, there were many informal exchanges and discussions involving the Trustees and the Treasurer and numerous email exchanges: these covered the full range of the London Symphony Chorus Endowment Fund’s activities.

TRUSTEES

Damian Day ceased to be a trustee on 11 June 2025 and Chris Straw was appointed as a trustee on 11 June 2025. The Trustees wish to record their thanks to Damian for his contribution as a trustee. The Council of the London Symphony Chorus has the sole right to appoint trustees to the London Symphony Chorus Endowment Fund. All the changes to the Trustees are shown on page 5.

OBJECTIVES AND ACTIVITIES

Aims and Objectives

The objective of the Charity is the furtherance of the objectives of the London Symphony Chorus (LSC), the public benefit of which is the study and practice of choral music aimed at fostering public knowledge and appreciation of such music through public performance.

Within the limits set by income and the Fund's investments, and in conformity with the London Symphony Chorus Endowment Fund's Trust Deed, the Trustees stand ready to support the LSC in consultation with the Council of the LSC. The Trustees make grants to the LSC following requests from the LSC Council.

The Trustees have had due regard to the guidance issued by the Charity Commission on public benefit when considering the funding requests made by the Council of the LSC.

The assets of the London Symphony Chorus Endowment Fund are in two separate funds - the original Endowment Fund and the General Trust Fund . In these financial statements, the original Endowment Fund is included within Restricted Funds and the General Trust Fund is included within Unrestricted Funds.

1

London Symphony Chorus Endowment Fund

Report of the Trustees for the Year Ended 31st August 2025

There are restrictions on the use of capital in the original Endowment Fund (which is not available for current expenditure except in extraordinary circumstances and subject to a unanimous decision of the Trustees); the General Trust Fund does not have a restriction on capital use.

Charitable activities

During the 2024/2025 financial year the Charity made grants to the LSC of £30,000 (2024: £15,000), including £15,000 as a first instalment towards the commission of a new choral work for performance in 2027. The Charity has committed to support the commission of this new work and for the payment of up to a further £20,000 before the end of the financial year 2026/2027 once it is completed.

FINANCIAL REVIEW

Investment performance and management

Details of the funds and accounts in which the London Symphony Chorus Endowment Fund and its constituent funds are invested are set out in note 14 of the financial statements. Changes in the value of these holdings on the previous year reflect a number of factors including fluctuations in the value of equities, receipts of dividends and interest, and expenditure.

The Trustees have an agreed set of investment policies and procedures. They regularly review the composition of the Fund’s investment portfolio, particularly the proportion of equities within total assets. They regularly assess market and legal risk. The aim is to have a long-term investment policy that mitigates market risk through a diversified portfolio and takes account of ESG factors.

Review of investment portfolio

Equity investments

During the 2023/2024 financial year the Trustees carried out a review of the equity-based investments and decided to allocate money previously invested in the BlackRock Charities UK Equity Fund to a larger number of funds investing in a wider range of assets (including equities and fixed income) with a wider geographical spread while meeting the Charity’s commitment to ESG investments. The execution of this change, begun in the financial year 2023/2024, was completed in the financial year 2024/2025. Note 14 to the financial statements shows the investment holdings of the Charity at the year end.

2

London Symphony Chorus Endowment Fund

Report of the Trustees for the Year Ended 31st August 2025

Cash management

The Charity uses the services of a cash management provider (regulated by the Financial Conduct Authority) which allows it to gain access to a wide range of counterparties to increase opportunities for the investment of the Charity’s cash funds, alongside established relationships, and make it easier to pro-actively manage the cash portfolio. Deposits are only made with counterparties which are covered by the Financial Services Compensation Scheme.

Reserves Policy

The charity holds reserves in restricted and unrestricted funds as follows:

arity holds reserves in restricted and unrestricted funds as follows:
Endowment funds
Trust Fund Endowment – Capital
Trust Fund Endowment – Accumulated Income
Unrestricted funds
General Trust fund		 2025
£
842,297
54,038
896,335
415,555
1,311,890		 2024
£
833,266
55,899
889,165
410,637
1,299,802

The charity holds reserves to fulfil its aims of furthering the objectives of the LSC. The major risk to the income of the charity is the source of dividend and interest income. The Trustees work closely with the LSC to ensure that the Charity retains sufficient reserves to support the work of the LSC on an ongoing basis.

On a regular basis, the Trustees review the balance between equities and other investments in the portfolio. The aim is for all the fund’s investments in bank accounts and deposits to be covered by the Financial Services Compensation Scheme, although for short periods this may not always be possible.

3

London Symphony Chorus Endowment Fund

Report of the Trustees

for the Year Ended 31st August 2025

POST FINANCIAL YEAR DEVELOPMENTS

Since the end of the financial year the Charity has made further grants to the London Symphony Chorus as follows:

£ Restricted Funds – Endowment Fund Income 15,000

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

The London Symphony Chorus Endowment Fund is constituted under a trust deed dated 27 October 1993 as amended by a deed of variation dated 20 March 2014 and is a registered unincorporated charity, number 1028304.

The Endowment Fund represents moneys given to the Trust in 1993 and income that was capitalised in 2014. The Trustees can only use the capital of this fund in extraordinary circumstances if all the Trustees agree. The General Trust Fund is not subject to any restrictions on the use of capital.

The Trustees and Officers who have served during the year and since the year end are set out on page 5.

No expenses or remuneration were paid to Trustees or Officers.

4

London Symphony Chorus Endowment Fund

Report of the Trustees for the Year Ended 31st August 2025

OS

STRUCTURE, GOVERNANCE AND MANAGEMENT

Trustees

The power to appoint and remove Trustees is vested in The London Symphony Chorus.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number 1028304

Principal address 4 Drax Avenue London

SW20 0EH

Trustees

Vanessa Knapp OBE Denise Hoilette

Jamie Broderick Elizabeth Webb Andrew Smith Damian Day Resigned 11" June 2025 Oliver Burrows Christopher Straw Appointed 11" June 2025

Officers

Treasurer Alex Kidney

Independent‘examiner = Lucy Hammond BSc FCA ; Kreston Reeves LLP

9 Donnington Park

85 Birdham Road

Chichester West Sussex PO20 7AJ

Approved by order of the board of Trustees on 26 January 2026 and signed on its behalf by:

? ¥ VKnapp - Trustee

5

Independent Examiner's Report to the Trustees of London Symphony Chorus Endowment Fund

Independent examiner's report to the trustees of London Symphony Chorus Endowment Fund

I report to the charity trustees on my examination of the accounts of the London Symphony Chorus Endowment Fund (the Trust) for the year ended 31st August 2025.

This report is made solely to the charity’s Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity’s Trustees those matters I am required to state to them in an Independent Examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s Trustees as a body, for my work or for this report.

Responsibilities and basis of report

As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2019.

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:

  1. accounting records were not kept in respect of the Trust as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

6

Independent Examiner's Report to the Trustees of London Symphony Chorus Endowment Fund

Independent examiner's report to the trustees of London Symphony Chorus Endowment Fund (Continued)

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.

Lucy Hammond BSc FCA Kreston Reeves LLP 9 Donnington Park 85 Birdham Road Chichester West Sussex PO20 7AJ

3 February 2026

Date: .............................................

7

London Symphony Chorus Endowment Fund

Statement of Financial Activities

for the Year Ended 31st August 2025

Unrestricted
funds
Endowment
funds
Notes
£
£
INCOME AND ENDOWMENTS FROM
Donations
-
-
Investment income
3
5,031
30,963
Other income
-
176

Total Income
5,031
31,139
EXPENDITURE ON
Charitable activities
London Symphony Chorus
-
30,000
Other
4
-
3,000
Total Expenditure
-
33,000
Net gains/(losses) on investments
(113)
9,031
NET INCOME
4,918
7,170
RECONCILIATION OF FUNDS
11
Total funds brought forward
410,637
889,165
TOTAL FUNDS CARRIED FORWARD
415,555
896,335		 2025
Total
funds
£
-
35,994
176
36,170
30,000
3,000
33,000
8,918
12,088
1,299,802
1,311,890		 2024
Total
funds
£
60,000
30,913
325
91,238
15,000
3,131
18,131
89,404
162,511
1,137,291
1,299,802

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

8

London Symphony Chorus Endowment Fund

At 31st August 2025

Balance Sheet

Balance Sheet
At 31st AugustAugust 2025		 Balance Sheet
At 31st AugustAugust 2025		 Balance Sheet
At 31st AugustAugust 2025		 Balance Sheet
At 31st AugustAugust 2025		 Balance Sheet
At 31st AugustAugust 2025		 Balance Sheet
At 31st AugustAugust 2025		 Balance Sheet
At 31st AugustAugust 2025
a
2025 2024
Unrestricted Endowment Total Total
funds funds funds funds
Notes £ £ £ £
FIXED ASSETS
Investments 7 299,128 845,976 1,145,104 1,213,079
CURRENT ASSETS
Debtors 8 1,893 5,764 7,657 7,912
Cash at bank 9 114,534 47,595 162,129 81,811
116,427 53,359 169,786 89,723
CREDITORS
Amounts falling due within oneyear 10 - (3,000) (3,000) (3,000)
NETCURRENTASSETS 116,427 50,359 166,786 86,723
TOTALASSETS LESS CURRENT LIABILITIES 415,555 896,335 1,311,890 1,299,802
NETASSETS 415,555 896,335 1,311,890 1,299,802
FUNDS 11
Unrestricted funds 415,555 410,637
Endowmentfunds r 896,335 889,165
TOTALFUNDS 1,311,890 1,299,802

The financial statements were approved by the Board of Trustees on 26" January 2026 and were signed on its behalf by:

V Knapp - Trustee

9

London Symphony Chorus Endowment Fund

Notes to the Financial Statements for the Year Ended 31st August 2025

1. STATEMENT OF COMPLIANCE

The London Symphony Chorus Endowment Fund is an unincorporated charity registered in England, charity number 1028304. The registered office is 4 Drax Avenue, London, SW20 0EH.

The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest pound.

The financial statements have been prepared in compliance with FRS 102 as it applied to the financial statements for the year ended 31st August 2025.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared 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' and the Charities Act 2011. The financial statements have been prepared on the accruals basis with investments stated at market value.

Going Concern

The Trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the Charity to continue as a going concern. The Trustees make this assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements and have concluded that the Charity has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the Charity's ability to continue as a going concern, thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Financial reporting standard 102 - reduced disclosure exemptions

The charity has taken advantage of the disclosure exemption within Section 7 Statement of Cash Flows in preparing these financial statements as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

10

London Symphony Chorus Endowment Fund

Notes to the Financial Statements - continued for the Year Ended 31st August 2025

2. ACCOUNTING POLICIES - continued

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.

Charitable activities

Costs of charitable activities are costs associated with supporting the London Symphony Chorus.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

The Trust Fund is an Endowment Fund established in 1993 and the General Trust Fund was established in 2015 when a donation was made by the London Symphony Chorus. The General Trust Fund and income generated by it, are kept separate from the original assets and income and expenditure arising therefrom for clarity of accounting.

Both funds exist to support the achievement of the charitable objects of the London Symphony Chorus.

Fixed asset investments

The charity holds all investments at market value.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3. INVESTMENT INCOME

Dividends
Interest		 2025
£
19,529
16,465
35,994		 2024
£
19,689
11,224
30,913

11

London Symphony Chorus Endowment Fund

Notes to the Financial Statements - continued for the Year Ended 31st August 2025

4. OTHER

2025 2024
£ £
Support costs 3,000 3,131

Included within Support costs is £3,000 (2024: £3,000) for the independent examination.

5. TRUSTEES' REMUNERATION AND BENEFITS

There was no Trustees' remuneration or other benefits for the year ended 31st August 2025, nor for the year ended 31st August 2024.

Trustees' expenses

There were no Trustees' expenses paid for the year ended 31st August 2025, nor for the year ended 31st August 2024.

12

London Symphony Chorus Endowment Fund

Notes to the Financial Statements - continued for the Year Ended 31st August 2025

6. COMPARATIVES STATEMENT OF FINANCIAL ACTIVITIES AND BALANCE SHEET Year Ended 31[st] August 2024.

Comparative Statement of Financial Activities

Unrestricted
funds
Endowment
funds
Notes
£
£
INCOME AND ENDOWMENTS
FROM
Donations
60,000
-
Investment income
3
3,238
27,675
Other income
-
325

Total Income
63,238
28,000
EXPENDITURE ON
Charitable activities
London Symphony Chorus
-
15,000
Other
4
69
3,062
Total Expenditure
69
18,062
Net gains on investments
34,137
55,267
NET INCOME
97,306
65,205
RECONCILIATION OF FUNDS
11
Total funds brought forward
313,331
823,960
TOTAL FUNDS CARRIED FORWARD
410,637
889,165		 2024
Total
funds
£
60,000
30,913
325
91,238
15,000
3,131
18,131
89,404
162,511
1,137,291
1,299,802		 2023
Total
funds
£
-
22,938
-
22,938
-
2,640
2,640
31,919
52,217
1,085,074
1,137,291

13

London Symphony Chorus Endowment Fund

Notes to the Financial Statements - continued for the Year Ended 31st August 2025

6. COMPARATIVES STATEMENT OF FINANCIAL ACTIVITIES AND BALANCE SHEET Year Ended 31[st] August 2024 - continued

Comparative Balance Sheet

Unrestricted
funds
Endowment
funds
Notes
£
£
FIXED ASSETS
Investments
7
384,241
828,838
CURRENT ASSETS
Debtors
8
2,196
5,716
Cash at bank
9
24,200
57,611
26,396
63,327
CREDITORS
Amounts falling due within one year 10
-
(3,000)
NET CURRENT ASSETS
26,396
60,327
TOTAL ASSETS LESS CURRENT
LIABILITIES
410,637
889,165
NET ASSETS
410,637
889,165
FUNDS
11
Unrestricted funds
Endowment funds
TOTAL FUNDS		 2024
Total
funds
£
1,213,079
7,912
81,811
89,723
(3,000)
86,723
1,299,802
1,299,802
410,637
889,165
1,299,802		 2023
Total
funds
£
814,830
1,935
323,166
325,101
(2,640)
322,461
1,137,291
1,137,291
313,331
823,960
1,137,291

14

London Symphony Chorus Endowment Fund

Notes to the Financial Statements - continued

for the Year Ended 31st August 2025

7. FIXED ASSET INVESTMENTS

Managed funds
Fixed term deposit accounts
MARKET VALUE
At 1st September 2024
Additions
Disposals
Revaluations
At 31st August 2025
NET BOOK VALUE
At 31st August 2025
At 31st August 2024
There were no investment assets outside the UK.
Fixed term deposits were as follows:
Brought forward
Additions
Disposals		 2025
2024
£
£
913,148
904,204
231,956
308,875
1,145,104
1,213,079
Listed
investments
£
904,204
467,699
(475,717)
16,962
913,148
913,148
904,204
2025
2024
£
£
308,875
-
118,072
308,875
(194,991)
-
231,956
308,875

The cost of investment held as at 31st August 2025 is £943,028 (2024: £992,055). See Note 14 for further details and a breakdown of the investments held within each fund.

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025 2024
£ £
Prepayments and accrued income 7,657 7,912

15

London Symphony Chorus Endowment Fund

Notes to the Financial Statements - continued for the Year Ended 31st August 2025

9. CASH AT BANK

Cash
Investment accounts
10.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Accruals and deferred income		 2025
£
8,040
154,089
162,129
2025
£
3,000		 2024
£
1,069
80,742
81,811
2024
£
3,000

16

London Symphony Chorus Endowment Fund

Notes to the Financial Statements - continued for the Year Ended 31st August 2025

11. MOVEMENT IN FUNDS

Statement of funds:

At
1.9.24
Income
£
£
Endowment funds
Trust Fund Endowment
Income
55,899
31,139
Capital
833,266
-
889,165
31,139
Unrestricted funds
General Trust Fund
410,637
5,031
TOTAL FUNDS
1,299,802
36,170
Comparative statement of funds
At
1.9.23
Income
£
£
Endowment funds
Trust Fund Endowment
Income
45,961
28,000
Capital
777,999
-
823,960
28,000
Unrestricted funds
General Trust Fund
313,331
63,238
TOTAL FUNDS
1,137,291
91,238		 At
1.9.24
Income
£
£
55,899
31,139
833,266
-		 At
1.9.24
Income
£
£
55,899
31,139
833,266
-



Expenditure
£
(33,000)
-
(33,000)
-
(33,000)
Expenditure
£
(18,062)
-
(18,062)
(69)
(18,131)		 Gains
/(losses)
£
-
9,031

At
31.08.25
£
54,038
842,297
896,335
415,555
1,311,890
At
31.08.24
£
55,899
833,266
889,165
410,637
1,299,802
889,165
31,139
410,637
5,031
9,031
(113)
1,299,802
36,170		 8,918
Income
£

28,000

-



Gains
£
-
55,267

823,960
28,000
313,331
63,238
55,267
34,137
1,137,291
91,238		 89,404

17

London Symphony Chorus Endowment Fund

Notes to the Financial Statements - continued for the Year Ended 31st August 2025

12. RELATED PARTY DISCLOSURES

The London Symphony Chorus

During the year ended 31st August 2025 transactions with the London Symphony Chorus were as follows:

Unrestricted funds – General Trust Fund - Income
Donation from the London Symphony Chorus
Restricted funds – Trust Fund Endowment - Expenditure
Grant to the London Symphony Chorus		 2025
£
-
2025
£
(30,000)		 2024
£
60,000
2024
£
(15,000)

13. CONTINGENT LIABILITY

During the year the London Symphony Chorus Endowment fund made a grant of £15,000 to the London Symphony Chorus towards the cost of a downpayment for the commissioning a new choral work due to be premiered in 2027. The Charity has committed to the payment of up to a further £20,000 contingent upon the commission being completed and the unedited score being delivered. This is expected to be no later than February 2027.

18

London Symphony Chorus Endowment Fund

Notes to the Financial Statements - continued for the Year Ended 31st August 2025

14. LONDON SYMPHONY CHORUS ENDOWMENT FUND'S HOLDINGS

Investment Assets
Trust Fund Endowment
Managed Funds		 2025
Original
Cost
Market
Value
£
£		 2025
Original
Cost
Market
Value
£
£		 2024
Original
Cost
Market
Value
£
£		 2024
Original
Cost
Market
Value
£
£
BlackRock Charities Growth & Income
Fund Class A Inc_Nil_(2024:9,633.911)
units held
-
- 10,000 10,659
CCLA Charities Global Equity Income
Fund_5,861.66_(2024:5,861.66) units
held		 10,000
16,645		 10,000 17,044
BlackRock Charities UK Equity Fund A Inc
Nil(2024:59,828.661) units held -
-		 429,300 464,553
CCLA Charities Ethical Investment Fund
Income Units_37,301.252_(2024:
36.250.6502) units held		 116,160
111,311		 113,000 112,707
Rathbone Active Income and Growth
Fund Income Units 96,975.53 (2024:
Nil) units held		 138,524
145,987		 - -
M&G Equities Investment Fund for
Charities (Charifund) Income Units
7,567.62 (2024:Nil) units held		 112,516
121,604		 - -
SUTL Cazenove Charity Sustainable Multi-
Asset Fund Z Income 194,845.99 (2024:
Nil) units held		 113,048
114,706		 - -
Newton Ethically Screened Fund for
Charities Income Units 50,243.254 (2024:
Nil) units held
Fixed Term Deposit Accounts
Santander International
United Trust Bank
United Trust Bank
Aldermore Bank plc
Cambridge & Counties Bank
Sainsbury’s Bank
Aldermore Bank plc
Hampshire Trust Bank
Investment assets		 99,944
103,767

614,020
-

41,669

31,000

49,875

35,462

-

10,000

63,950

231,956

845,976		 -
562,300
60,000
40,000
30,000
49,875
34,000
10,000
-
-
223,875
786,175		 -
604,963
60,000
40,000
30,000
49,875
34,000
10,000
-
-
223,875
828,838
590,192
-
41,669
31,000
49,875
35,462
-
10,000
63,950
231,956
822,148

19

London Symphony Chorus Endowment Fund

Notes to the Financial Statements - continued for the Year Ended 31st August 2025

14. LONDON SYMPHONY CHORUS ENDOWMENT FUND'S HOLDINGS - continued

Investment Assets
General Trust Fund
Managed Funds		 2025
Original
Cost
Market
Value
£
£		 2025
Original
Cost
Market
Value
£
£		 2024
Original
Cost
Market
Value
£
£		 2024
Original
Cost
Market
Value
£
£
CCLA Charities Global Equity Income
Fund Accumulation_49,981.85_(2024:
49,981.85) units held
110,880
284,982		 110,880 284,756
CCLA Charities Global Equity Fund
Income_4,981.57_(2023:4,981.57) units
held
Fixed Term Deposit Accounts
HSBC Bank plc
Investment assets
Investment assets by Fund
Trust Fund Endowment
General Trust Fund
Total investment assets
Investment assets by type
Total Managed Funds
Total Fixed Term Deposits Accounts
Total Investment Assets		 10,000
120,880
-
-
120,880
822,148
120,880
943,028
711,072
231,956
943,028		 14,146
299,128
-

-
299,128

845,976
299,128

1,145,104

913,148
231,956
1,145,104		 10,000
120,880
85,000
85,000
205,880
786,175
205,880
992,055
683,180
308,875
992,055		 14,485
299,241
85,000
85,000
384,241
828,838
384,241
1,213,079
904,204
308,875
1,213,079

20

London Symphony Chorus Endowment Fund

Notes to the Financial Statements - continued

for the Year Ended 31st August 2025

14. LONDON SYMPHONY CHORUS ENDOWMENT FUND'S HOLDINGS - continued

2025 2025 2024
Original Market Original Market
Cash at Bank and Investment Accounts Cost Value Cost Value
£ £ £ £
Trust Fund Endowment
Barclays Bank plc -Current Account 6,956 6,956 369 369
Cambridge & Counties Bank Ltd 13,251 13,251 12,445 12,445
United Trust Bank Ltd 8,546 8,546 7,714 7,714
Hampshire Trust Bank PLC 1,092 1,092 1,083 1,083
Standard Chartered Bank – Term Deposit 17,750 17,750 22,000 22,000
Investec Bank – Term Deposit - - 8,000 8,000
Investec Bank – Term Deposit - - 6,000 6,000
General Trust Fund
Barclays Bank plc - Current Account
HSBC Bank plc – Term Deposit
Standard Charted Bank – Term Deposit
Total Cash at Bank		 47,595
1,084
85,000
28,450
114,534
162,129		 47,595
1,084
85,000
28,450
114,534
162,129		 57,611
700
-
23,500
24,200
81,811		 57,611
700
-
23,500
24,200
81,811

21

London Symphony Chorus Endowment Fund

Detailed Statement of Financial Activities for the Year Ended 31st August 2025

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Investment income
Dividends
Other income
Bank Interest Received
Other income
Total incoming resources
EXPENDITURE
Charitable activities
London Symphony Chorus
Support costs
Governance costs
Accountancy and legal fees
Other costs
Total resources expended
Net income before gains and losses
Unrealised and realised gains /(losses)
Net income		 2025
£
-
19,529
16,465
176
36,170
30,000
3,000
-
33,000
3,170
8,918
12,088		 2024
£
60,000
19,689
11,224
325
91,238
15,000
3,000
131
18,131
73,107
89,404
162,511

22