Company registration No. 3020834 (England and Wales) Charity Registration No. 1044507
GOLDSMITHS CHORAL UNION
Annual Report and Unaudited Financial Statements Year ended 31 August 2025
GOLDSMITHS CHORAL UNION
Contents
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|Page|
|Statutory|information|1|
|Report of the management committee|2|
|Report|of the|independent|examiner|6|
|Statement|of financial|activities|7|
|Balance sheet|8|
|Notes to the financial|statements|9|
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GOLDSMITHS CHORAL UNION
Legal and Administrative Information
Trustees/Directors
Sharon Pierson — Chair Robin Happé— Secretary (resigned 5 March 2025) Charles Carter {resigned 5 March 2025)
Rosemary Burke — Treasurer (appointed 5 March 2025) James Piercy — Treasurer (resigned 5 March 2025) Irene !lias — Concert Manager Irene Clugston Jane Corkill
Arabella Stuart _ KellyMark MorganPakianathan(appointed(appointed5 March5 March2025)2025) Andre Serra (co-opted 16 June 2025) lan Stephenson Victoria Ware MBE (resigned 5 March 2025) David Willingham (resigned 5 March 2025)
Secretary
Charity number
Company number
Registered office
Independent examiner
Bankers
Charles Carter (appointed 5 March 2025)
1044507
3020834
c/o GMAK Services Ltd 5/7 Vernon Yard Portobello Road London W11 2DX
Ms Kay Morrow, ACA 107 Moring Road London SW17 8DN
HSBC UK The Helicon 1 South Place London EC2M 2UP
il:
GOLDSMITHS CHORAL UNION Annual Report and Unaudited Financial Statements for the year ended 31 August 2025 Report of the Management Committee
Structure, governance and management
Goldsmiths Choral Union (hereinafter referred to as “GCU” or “the Company”) is a company limited by guarantee, number 320834, and registered with the Charity Commission, number 1044507. It is governed by its Articles of Association and is managed by a committee whose members are elected annually by the membership. The Committee meets regularly throughout the year, normally with the Music Director in attendance. The Company has no paid employees and relies heavily on the voluntary support of its members to carry out its programme and objectives.
Objectives and activities
The Company’s objectives are to promote the study, practice and performance of choral works and other music, including contemporary and little-known works; and to foster and broaden the knowledge and appreciation of such music among its members and the public at large, through public performances and other activities, The Company’s principal activity is the operation of an amateur choir of which membership is by audition.
Bearing in mind the Charity Commission’s guidance on public benefit, and particularly on public benefit in relation to fee-charging, the Company is committed to enabling as many people as possible to benefit from its activities through choir membership, participation in workshops, concerts and other choral events and the Friends’ network. The choir’s varied programme of music is intended to appeal to a wide and diverse audience, as well as to give performance opportunities in major London venues to members, guest singers and up-and-coming professional singers. While the Company aims to make its concert and workshop activities self-financing through ticket sales and other performance-related income, generous sponsorship, legacies and donations help it to keep ticket prices affordable to the general public and to offer concessions to special groups. To cover its non-concert operating costs, the Company relies primarily on membership subscriptions and the choir’s own fund-raising activities. In setting subscription levels and payment schedules, the Management Committee is very aware of the need to remain accessible to members on low incomes and younger members.
Membership subscriptions
Apart from the reduced subscriptions during 2020/21 during the pandemic restrictions, the ‘headline’ rate has remained unchanged since before then, although additional concessions have since been introduced.
Achievements and performances
During the year, GCU’s 91st season, the Company performed and promoted various concerts and other singing events to further its objectives, including the following:
7 November 2024 at Cadogan Hail: This concert, entitled ‘Baroque Inspirations’, featured Vivaldi’s Gloria and Handel’s Four Coronation Anthems, in addition to contemporary American composer Caroline Shaw’s highly ingenious and creative work To the Hands. This latter piece took inspiration from Buxtehude’s Ad Manus, also included in the programme, from that composer’s sequence of seven cantatas, Viembra Jesu Nostri. A deficit of some £7,000 was incurred, reflecting the high cost of putting on concerts in such a prestigious venue with top : quality musicians and soloists, despite being relatively well-attended.
13 December 2024 at Holy Trinity Sloane Square: This Christmas music concert included Britten’s Ceremony of Carols, accompanied by harp and a harp solo, together with a variety of carols, traditional and modern, including two composed by choir members. The concert was well attended and made a significant surplus, augmented by the sale of refreshments. GCU was pleased to arrange for this concert to be in support of The Lily Foundation. 28 December 2024 at Barbican Hall. As in previous years, GCU was engaged by the Raymond Gubbay organisation, for an agreed fee, to join other choirs in a performance of Beethoven’s 9% Symphony to a capacity audience.
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GOLDSMITHS CHORAL UNION Annual Report and Unaudited Financial Statements for the year ended 31 August 2025 Report of the Management Committee (continued)
Achievements and performances (continued)
28 March 2025 at Smith Square Hail: This concert, entitled ‘Hymns of Paradise’, featured the highly challenging Hymnus Paradisi by Herbert Howells and Hierusalem by George Dyson, for both of which GCU was most grateful to receive financial support from the Herbert Howells Society and the Sir George Dyson Trust, respectively. The programme also included Haydn’s exquisite Missa Brevis Sancti Joannis de Deo ‘Little Organ Mass’ and Brahms’s lyrical and serene Geistliches Lied. With our requirement for the maximum stage extension and only partial availability of the balcony, the limited audience capacity was almost filled, resulting in a predictable, though manageable, deficit.
13 April 2025 at St James Norlands Church, London W11: We were again invited to sing on Palm Sunday at this friendly church, on this occasion providing an opportunity to repeat the Haydn and Brahms pieces that we had recently performed at Smith Square Hall. Other works in the concert were Faure’s Requiem and Howells’s brief God be in my Head as an encore. The choir was accompanied by violin, cello, harp and organ. 20 June 2025 at Holy Trinity Sloane Square: Our Summer concert, The Passing of the Year, at this venue included what is arguably Rheinberger’s finest though rarely performed work, his Mass in Eflat for double choir, together with Stanford’s well-known 3 Latin Motets, Dove ’s The Passing of the Year and Lauridsen’s Sure on this Shining Night. The relatively high costs for a GCU concert at this venue, which included extra ensemble singers, resulted in a modest deficit despite generous member donations
Summer Sings at Queen’s Gate House: These informal sing-throughs, open to members and guests, took place on 25 June and 2 July 2025 at Queen’s Gate House, the works studied being Bach’s Mass in B Minor and Brahms’s German Requiem. As a result of good attendance and high refreshment sales, the events made a useful surplus to help offset losses on concerts earlier in the season.
Re-auditioning and membership
The re-auditioning of choir members in accordance with the choir’s rules, which had commenced during the previous summer, was completed in September 2024 and there have since been routine re-auditions of new and existing members.
Choir numbers
The average number of members during the year was 90, down from 99 in the previous year.
Post year-end
As in previous years, the choir promoted its own Autumn concert, this time on 14 November 2025 at Smith Square Hall accompanied by an all-brass ensemble, the works performed being for choir and brass (Poulenc’s Gloria, Rutter’s Gloria, Walton’s Coronation Te Deum, Finzi’s God is Gone Up and Macmillan’s Tu Es Petrus) and for brassonly (Copland’s Fanfare for the Common Man and pieces by Macmillan, Tower, Poulenc and Bliss). There has also been the habitual well-attended Christmas concert with its customary selection of traditional and modern carols (once again including two carols composed by choir members) on 19 December 2025 at Holy Trinity Sloane Square. This event produced a useful surplus.
In addition, GCU was again paid for its members’ participation in Raymond Gubbay Limited’s (RGL’s) performance of Beethoven’s 9 Symphony at Barbican Hall on 29 December 2025. RGL’s fee, combined with guest singer contributions, once again made a useful contribution towards offsetting the deficits on our own concerts.
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GOLDSMITHS CHORAL UNION
Annual Report and Unaudited Financial Statements for the year ended 31 August 2025 Report of the Management Committee (continued)
Financial review
The Company ended the financial year with a net surplus of £976 (2023/24: deficit of £581), consisting ofa surplus on the general income and expenditure account of £5,943(2023/24: £11,134) less a deficit of £4,967 (2023/24: £11,715) on concerts and other events.
Restrictedfunds: There was a total of £2,525 in Restricted funds at the year-end (2023/24 Enil) (Note 16).
Unrestrictedfunds: The balance of £109,306 carried forward remains comfortably above the amount specified in the Company’s reserves policy (reviewed annually), which is designed to ensure that sufficient Unrestricted funds are maintained to protect the Company against any unforeseen financial demands. Asa result, the directors are confident that the Company will remain a going concern for at least the next 12 months. Total Funds: The Company’s total funds at the year-end, being the sum of restricted and unrestricted funds, amounted to £111,831 (2023/24: £110,855).
Trustees
The members of the Management Committee, who served as Directors of the Company and Trustees of the Charity during the year and up to the date of this report, are listed on page 1.
Management committee responsibilities
Company law requires the Management Committee to prepare accounts for each financial year which give a true and fair view of the state of the Company and of surplus or deficit for the period. In preparing these accounts the Management Committee is required to:
- e Select suitable accounting policies and apply them consistently; © Make judgments and estimates that are reasonable and prudent; @ Follow applicable accounting standards; and @ Prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will remain in business.
The Management Committee is responsible for keeping proper accounting records that disclose the financial position of the Company with reasonable accuracy at any time and enable the Committee to ensure that the accounts comply with the Companies Act 2006 and Charities Act 2011. The Committee is also responsible for safeguarding the assets of the Company and for taking reasonable steps for the prevention and detection offraud and other irregularities.
Public benefit statement
The Management Committee confirms that it has complied with the duty in Section 4 of the Charities Act 2011 to have due regard to the Charity Commission’s general guidance on Public Benefit ‘Charities and Public Benefit’.
Change of Independent Examiner
Angela Ktistakis resigned on 30 September 2025, and Kay Morrow was appointed on 10 October 2025 in her place. The Trustees are grateful to Ms Ktistakis for her services over many years.
independent examination
This report has been prepared per the Statement of Recommended Practice Financial Reporting Standard FRS 102 (2015), its update Bulletin 1 (2016) and the Special Provisions of the Companies Act 2006 relating to small entities. The Company has taken advantage of the small companies exemption in preparing this report. In line with Section 144 of the Charities Act 2011, these accounts are subject to Independent Examination. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The Directors declare that they have approved the report.
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GOLDSMITHS CHORAL UNION
Annual Report and Unaudited Financial Statements for the year ended 31 August 2025
Report of the Management Committee (continued)
Independent examination (continued)
Signed on behalf of the Company’s Trustees/Directors:
a
SE
Sharon Pierson Chair Date!) 15 Oy.2emw&
,
ee Rosemary Burke Treasurer Date: j5, O44. DONS,
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GOLDSMITHS CHORAL UNION
| |
|
Report of the Independent Examiner to the Trustees of Goldsmiths Choral Union
| | report on the financial statements, together with with supporting Notes 1 to to 16, of Goldsmiths Choral Goldsmiths Choral Choral Union for the the | year ended 31 August 2025, which are set out on pages 7 to 13. ended 31 August 2025, which are set out on pages 7 to 13. 31 August 2025, which are set out on pages 7 to 13. August 2025, which are set out on pages 7 to 13. 2025, which are set out on pages 7 to 13. which are set out on pages 7 to 13. are set out on pages 7 to 13. set out on pages 7 to 13. out on pages 7 to 13. on pages 7 to 13. pages 7 to 13. 7 to 13. to 13. 13. Respective responsibilities basis of report | As the trustees of the charity (and its directors for the purposes of company law) you 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 financial statements of the charity are not required to be audited under Part 16 | of the 2006 Act, and are eligible for independent examination, | report in respect of my examination of your charity’s accounts as carried out under Section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination, | have followed the Directions given by the Charity Commission under Section 145(5)(b) of the 2011 Act.
| report on the financial statements, together with with supporting Notes 1 to to 16, of Goldsmiths Choral Goldsmiths Choral Choral Union for the the year ended 31 August 2025, which are set out on pages 7 to 13. ended 31 August 2025, which are set out on pages 7 to 13. 31 August 2025, which are set out on pages 7 to 13. August 2025, which are set out on pages 7 to 13. 2025, which are set out on pages 7 to 13. which are set out on pages 7 to 13. are set out on pages 7 to 13. set out on pages 7 to 13. out on pages 7 to 13. on pages 7 to 13. pages 7 to 13. 7 to 13. to 13. 13.
It is my responsibility to: . (i) Examine the accounts under Section 145 of the 2011 Act; (ii) Follow the procedures laid down in the General Directions given by the Charity Commission under Section 145(5) of the 2011 Act; and (iii) State whether particular matters have come to my attention.
Independent examiner's statement
| have completed my examination. | confirm that no material matters have come to my attention in connection with the examination which give me cause to believe that:
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e the accounting records were not kept in accordance with Section 386 of the Companies Act 2006; or e the accounts do not accord with those records; or e the accounts do not comply with relevant accounting requirements under Section 396 of the Companies Act 2006 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
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e the accounts have not been prepared in accordance with the Charities SORP (Statement of Recommended Practice) (FRS 102).
| 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.
Kay Mow
Kay Morrow, ACA
Date: n 5 |Hi o+| JU “,Z6 Address: ,,i : A a: ; | i" ‘ iOF mana Koadl Leudov SWI7 SDN
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GOLDSMITHS CHORAL UNION
|
Statement of Financial Activities
including Income and Expenditure Account for the year ended 31 August 2025
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|*|Note|2024/25|2023/24|
|Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|Funds|Funds|Funds|funds|funds|funds|
|£|£|£|£|£|£|
|Income|from:|
|Subscriptions|and|donations|4|33,504|2,000|35,504|40,905|-|40,905|
|Charitable|activities|5|38,785|5,613|44,398|51,769|-|51,769|
|Investments and|miscellaneous|6|9,528|-|9,528|2,837|-|2,337|
|Total|income|81,817|7,613|89,430|95,511|-|95,511|
|Expenditure|on:|;|
|Charitable|activities|vi|(83,366)|(5,088)|(88,454)|(96,092)|-|(96,092)|
|Raising funds|-|-|-|-|-|-|
|Total|resources expended|(83,366)|(5,088)|(88,454)|(96,092)|-|(96,092)|
|Net income/(expenditure)|for the|year|
|/net movement of funds|(1,549)|2525|976|(581)|-|(581)|
|Transfer between funds|-|-|-|1,000|(1,000)|-|
|Fund|balances|brought forward|110,855|-|110,855|110,436|1,000|111,436|
|Fund|balances carried forward|109,306|2,525|111,831|110,855|-|110,855|
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The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
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The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
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GOLDSMITHS CHORAL UNION
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Balance Sheet
31 August 2025
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|---|---|---|---|---|
|Notes|2025|2024|
|Total|Total|
|£|&|
|Fixed|assets|
|Equipment|2.6,|13|399|393|
|Current|assets|
|Stocks|Ae|one)|386.|544|
|Debtors|14|16,424|34,523|
|Cash|and|bank balances|97,020|79,939|
|113,830|115,006|
|Current|liabilities|
|Creditors|15|(2,398)|(4,544)|
|Net current assets|111,432|110,462|
|Net assets|111,831|110,855|
|Income funds|
|Unrestricted funds|109,306|110,855|
|Restricted|funds|16|2,525|-|
|Total funds|111,831|110,855|
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The Company is entitled to the exemption from the audit requirement contained in Section 477 of the Companies Act 2006, for the year ended 31 August 2025. No member of the Company has deposited a notice, pursuant to Section 476, requiring an audit of these accounts.
The Directors are responsible for ensuring that the Company keeps accounting records that comply with Section at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to. the company.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
he March 2026 2026 by: CNowle Rosemary——— Burke Treasurer
The accounts were approved by the Trustees/Directors on 5 March 2026 2026 by:
re Qa Sharon Pierson Chair
Company registration number 3020834
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GOLDSMITHS CHORAL UNION
Notes to the Financial Statements for the year ended 31 August 2025
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General information Goldsmiths Choral Union is a private company limited by guarantee and incorporated in England and Wales. The registered office is 5/7 Vernon Yard, London W11 2DX.
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Accounting policies 2.1. Accounting convention The accounts have been prepared in accordance with the Company's Memorandum and Articles of Association, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016). The Company is a Public Benefit Entity as defined by FRS 102. The Company has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements, which have been prepared under the historical cost convention, are prepared in sterling, which is the functional currency of the Company’s monetary amounts in these financial statements, rounded to the nearest £. The principal accounting policies adopted are set out below. 2.2 Going concern
At the time of approving the financial statements, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus, the Directors continue to adopt the going concern basis of accounting in preparing the financial statements. 2.3. Charitabie funds Unrestricted funds are available for use at the discretion of the Directors in furtherance of their charitable objectives unless the funds have been designated for other purposes. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in Note 16. 2.4 Incoming resources Income is recognised when the Company is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations and legacies are recognised on receipt. Other donations are recognised once the Company has been notified of the donation unless performance conditions require deferral of the amount. Tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donations. Membership subscriptions and donations are shown grossed up for tax recoverable. Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts. The Company is not registered for VAT. 2.5 Resources expended Resources expended are recognized in the period in which they are incurred and include attributable VAT which cannot be recovered. Governance costs include the independent examination of the statutory accounts. 2.6 Fixed assets — equipment Equipment is stated at cost less accumulated depreciation which is calculated to write off cost in equal annual instalments over five years. 2.7 Stocks Stocks are stated at the lower of cost and net realisable value.
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GOLDSMITHS CHORAL UNION
Notes to the Financial Statements for the year ended 31 August 2025
2. Accounting policies (continued)
2.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, and other short-term liquid investments with original maturities of three months or less.
3. Critical accounting estimates and judgments
In the application of the Company’s accounting policies, the Directors are required to make judgments, estimates and assumptions about the estimates and associated assumptions that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
- Subscriptions and donations
| Subscriptions and donationsand donationsdonations | ||
|---|---|---|
| 2024/25 | 2023/24 | |
| £ | £ | |
| Membershipsubscriptions | 27,723 | 31,573 |
| Donations—restricted (Note 16) Donations—unrestricted |
2,000 5,781 |
- 9,332 |
| 35,504 | 40,905 | |
| ——_—=== | SS | |
| Membership subscriptions are stated net of prior year total over-accruals amounting to £4,299 for tax | ||
| refunds underGiftAid. | ||
| Donations included the following: | ||
| £2,000fromtheJC HoggCharitableTrustfortwotenorscholarships inthe2025/6season (restricted). £1,000from theSirEdward Lewis Foundation forgeneral supportofthe choir. |
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| Incomefrom Charitable activities | ||
| 2024/25 | 2023/24 | |
| £ | £ | |
| Concerts—unrestricted income | 38,547 | 47,454 |
| Concerts—restricted income | 5,613 | - |
| Other | 238 | 4,315 |
| 44,398 | 51,769 |
Membership subscriptions are stated net of prior year total over-accruals amounting to £4,299 for tax refunds under Gift Aid.
£2,000 from the J C Hogg Charitable Trust for two tenor scholarships in the 2025/6 season (restricted). £1,000 from the Sir Edward Lewis Foundation for general support of the choir.
- Income from Charitable activities
All the above income was derived from the Company’s sole activity of operating an amateur choir. Restricted income included the following:
£2,000 from The Herbert Howells Society in support of GCU’s performance of Hymnus Paradisi. £1,000 from the Sir George Dyson Trust in support of GCU’s performance of Hierusalem.
These performances formed part of GCU’s concert on 28 March 2025 at Smith Square Hall (see Report of the Management Committee — Achievements and Performances on page 3 and Note 16, Restricted funds, on page 13).
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GOLDSMITHS CHORAL UNION
|
de
Notes to the Financial Statements
for the year ended 31 August 2025
6. Investment and other income
| 2024/25 | 2023/24 | |
|---|---|---|
| £ | £ | |
| HMRC interest received on tax refunds due under GiftAid | 1,806 | - |
| Interestreceived on CCLAdeposit account | 3,519 | 2,837 |
| Incomefrom vocal score hire/salesand sundrysales | 4,203 | - |
| 9,528 | 2,837 |
in 2023/4 the income from vocal score hire/sales and sundry sales was £3,238. This was netted off rehearsals expenditure (see note 7). The prior year has not been restated as adjustment would have no impact on net income/{expenditure) for the year.
Expenditure on charitable activities
| Expenditure on charitableon charitablecharitable activities | ||
|---|---|---|
| 2024/25 | 2023/24 | |
| £ | £ | |
| Concert expenditure | 49,127 | 59,170 |
| Rehearsalsexpenditure | 35,307 | 33,369 |
| 84,434 | 92,539 | |
| Supportandgovernance costs (Note 8) | ||
| Support costs | 3,710 | 2,418 |
| Governance costs | 310 | 1,135 |
| 4,020 | 3,553 | |
| 88,454 | 96,092 |
In 2023/4 income from vocal score hire/sales and sundry sales of £3,238 was netted off rehearsals expenditure (see note 6). The prior year has not been restated as adjustment would have no impact on net income/(expenditure) for the year.
- Support and governance costs
| Support and governance costsand governance costsgovernance costscosts | ||||
|---|---|---|---|---|
| Support | Governance | |||
| costs | costs | 2024/25 | 2023/24 | |
| £ | £ | £ | £ | |
| Marketing | 772 | - | 772 | 973 |
| Insurance | 155 | - | 155 | 151 |
| Administration | 2,783 | - | 2,783 | 1,294 |
| Data protection fee | - | 35 | 35 | 35 |
| Independent examination | - | 275 | 275 | 1,100 |
| Total(Note7) | 3,710 | 310 | 4,020 | 3,553 |
- Trustees/directors
None of the Directors (or any persons connected with them) received any remuneration or expenses during the year.”
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GOLDSMITHS CHORAL UNION
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Employees
-
Stocks
;
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Notes to the Financial Statements for the year ended 31 August 2025
The company had no employees during the year.
- Taxation
The Company is exempt from corporation tax on its charitable activities under Ss.466 to 493 CTA 2010.
Stocks consist of choir equipment {mainly music folders and ‘leo’ pendants) and bottles of wine.
- ‘Fixed assets - equipment
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||||||
|---|---|---|---|---|
|2025|2024|
|£|£|
|Cost:|
|Balance|brought forward|655|655|
|Acquisitions|171|-|
|Balance|carried|forward|826|655|
|Depreciation:|
|Balance|brought forward|262|132|
|Charge for the|year|165|131|
|Balance|carried forward|427|262|
|Net book value carriedforward|399|393|
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Equipment consists of an electronic keyboard, together with its sustaining pedal and carry-case, plus two card readers.
14. Debtors
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|---|---|---|---|---|
|2025|2024|
|£|£|
|Amounts|failing due within one year:|
|Prepayments|and accrued|income|9,151|4,695|
|Tax recoverable under Gift Aid|6,836|29,538|
|Other debtors|437|290|
|16,424|34,523|
|Creditors|
|2025|2024|
|£|£|
|Amounts falling due within one year:|
|Trade|creditors|-|1259|
|Accruals and|deferred income|2,038|3,130|
|Other creditors|360|155|
|2,398|4,544|
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- Creditors
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GOLDSMITHS CHORAL UNION
Notes to the Financial Statements
for the year ended 31 August 2025
16. Restricted funds
| At01.09.24 | Income | Expenditure | At 31.08.25 | |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Donations tofundtenorscholarshipsfor2025/6 | - | 2,000 | - | 2,000 |
| Composer-trustgrantstofund performances of | ||||
| the respective composers’works | ||||
| Spring2025concert | - | 3,000 | (3,000) | - |
| Sponsorship ofmusiciansand contributions | - | 2,614 | (2,088) | 525 |
| towards sundryconcertexpenses | ||||
| Total | - | 7,614 | (5,088) | 2,525 |
Where applicable, the above amounts have been grossed up for tax recoverabie under Gift Aid.
See notes 4 and 5 for a description of the restricted donations.
The £525 donation towards the Autumnn 2025 concert was to cover the hire cost of an orchestral score set.
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