CITY OF BIRMINGHAM CHOIR {A company lThited by guarantee) REPORT AND FINANCIAL STATEMENTS 30 JUNE 2022 C(ryany wrnber. 02081252 Chanty number. lo484 AByFv4G OWd023 COWANIES HOUSE *229
CITY OF BIRMINGHAM CHOIR {A company lrnrted ty guarantee) CONTENTS Page Diretkn. and Tees. Rewjrt Independenl E¥arninerfs ReFXt ststement of FaTrial ActMkn"es Ba18rte Shèèt Notes forming part ofthe Financxal Stets
CITY OF BIRMINGHAM CHOIR
{A company limited by gu¥antee}
DIRECTORS. AND TRUSTEES REPORT
Year erKled 30 June 2022
The directors and trustees a pleased to Fvesent their fepryl nCl* stalurwts ts ihe yeareThJed 30
June 2022.
Charlty Name
Clty of Birnilngham Cholr
Charity Regis0 Nwnber
1049684
Company R•glstratkon Number
02081252
33 Blackthorn Cloge
Bournville
81rn1ingham
830 1SB
The Board Members. WM) are dir•dors kn Ihe purpDse ol company L•4V trustees for the purpose of charity '
law, who sewed durn the year up to thè datè tsf thts port afe set ¢xrt below.
P.KB
CITY OF BIRMINGHAM CHOIR (A company limrted by guarantee) DIRECTORS. AND TRUSTEES REPORT Year ended 30 June 2tr22 Independent Eum•ner Sally.Ann FCCA SFMre Bam H11 Lane Tardebtgge Worcle15I B97 6QH Edgbaston Bra 30a Hartle Road 8imiirwJham 815 3AA Governing Oocu The organisal)n ts a tharibble compary lirrmled ty giiaratr. havirrfj no share captlal. tt was wKorporated S December 1986 and registered as a chanty C 6 Odober 15. The charrtable ujmpany was estat4ished under a Mernorandum ofAsscoation. estsb1S its objeds aid and rt is g)¥emed under its Artides of Asswaation. In the evenl ofthe ¢hwitabk c(wany bery wound up memb¢ts are rEquwed to contn.bute an arnount nol excwjing £1. It is exempt from usiThJ"Linrrited" uTrJer Sedw fAI ofthe CtywMe5 Act 2. Board members a au mwnbpJs of the thir are eid to 01 by dvr mernbers. Trlee Inductlw and Tr¥inin9 Risk management The chth"r is subject to risk in a nurnber ofareas. These c4ynFetstion in the bLWf Birmintsm arts mark pla. cornpetrtion for. and re(1119 in ts size of. the ptd from Tremb drawn, tht compl absence offfinancial support from professional arts b(#Js and general eCOrn1¢ unckrtainty. Lattety. reduced investment retums and o)st pressu$ resuftry from the (rrent PLthlr expenthlure environwwth i85tr the risk profi of the choir. The btsard these and other areas of rtsk on a re9ar tmsis takes appropriate a¢knon to mrtigate Ihem. Oryanisational Struciu The Board wes its strategy annualty. Day to day rnanage ofthe cknr 15 desegated by Board to offirS. who afe alj merrbers of the Board. ¥hx) oFer* within agreed strategy and pOrt to the Board regularfy Page2
CITY OF BIRMINGHAM CHOIR (A o)mpany limrted tty guarantee) DIRECTORS. AND TRUSTEES REPORT Year ended 30 June 2022 The City of Birrningham Choff extsts to a allol for ed1 in arJ promo11 and perfom)ance of choral music. In shawng the charitable ccmpany's obpthes for the year wjd rn9 its tlts, Tmstees hwe CLldered the Charty Comnwssion's tiance on put twefiL The choirwas at last able to meel in person in September 2021 atthoJh onginally in a different rehearsal vewe in orderto b& able to martain s(Yial distw'ng dwirwJ rehearsats.The thy"r promoted three concerts during Ihe year. The first..in November. n B¥mNngham Town Hall, was b"lled"Messiah The Insde Vithv. and was the culmination of a stknls whith involved our musrcal dIf10r wsrtiThJ kxal Schoo with a rnnge of teachirg materials to introduce youn9Sters to Ihe )r1d of Baroque mux. The perforrnan. which look place on the same date as the C¢S fitst ever concert 100 year5 earliw. induded a smal seleclron of cFh)ruses and $0105, selected prinopally to iuustsate the drrrwirwJ asp$ of Barcque sty. The 6cookhildren nVC4v We invited to the concert and Jc4ned the chwkn the HaMefuJ'8h th¢)ws. The c4)ncrtVAS pthmed with the We51min5ter Chamber Orcestra together wth thé mKJhty T(Y4vn Halj rrfgan iifustrated thè Stylè of perf0rnale common when tF thoirwas founded. The concert was filmed and rncord8d. a lastir¥J $[Ce used to support schools in the future. In DetseT? was the trpAlitionJ perknnwce of H(le1,$ Messiah wilh CBSO SymFknony Ham. Birniingham. The third ofour pmmoted rertS was in Tthvkesbury Atw in June, )ce 4ain wrth lh• Westsninster Chamber Ortheslra and rtuded various PCeS by Mendelssohn. Byfd, Monteverdi, Harns, Handel at)d Weelkes. The thoir also wfomed in ts¥o (x)nwts promoted ty Ihe Raymond Gubbay OTganisatK)n, malinee and evenrng perfOMAn ofSpe(aor Ckqs5KS With the LorHkn Crt and a (¥and Chrislma¥ Classics concert wth the London Concert {tra and Alan Tilchmarsh. The ¢horf$ serJJnd cennlI edLThtion wqect in the year rell&J the hokjirwj ofthe Commonweamh Games Birmingham. Arfangernents were made for the three lMary schLK115 in¥(Av¢d to hgSt a musKion leathing them music from a C11mlIh c(NJntry-Alrtan drumrriry. Bhgra daw"tvJ aThJ lknl singiNJ, wrth the choir also expern(Ing sryne Gosrd srying o)athing. thoir and s(rAJkhl(Sren ttEn rne logether for the ttsy in Bimiingham's Gas SttÈet Chwch to spend the momir¥J reheaNng Yhe Rain QuÈen", a Lor81 piece for adult thoir chddren's choir commissK)ned by the ¢thJir in 2015. aEThJ wntten by a f(rner member. In the aftemoon the children's lamify aThl frienrts came along to see the chddw perforni ts pieces had leamed. Iheir coaching sessions and then toioin Ihe 1r in Ferfng The Rain Queen. Financial R•¥lv Net expenthture for the year Was £5.4. The chort LAritable pr&Ij a of £39,607. Donab"ons and Legacres, whth agan ixluded a substartial legacy from a former memter, lotalled £34,168. The Board made a Consci to cdebrate its ntenary by fvrKlry Iwo ed[Kati( proieds int1J srx West MidlarKls sdKds in ts total swn of£19.482. Fulure Plans The trustees plan to ¢ontinue with th•r present cljsecbvts as set in Ihis reKxwt. The coming year shoukl pn)ve to be s$ thsnjpted years aThJ should see a me tradrfi.onal promotn)n ofconcerts. The $tial centenary concert that was (%r9inalty Fdanned tr Novemiw 2021 trne a casualty ofthe paThJemic and was postponed uniil Novemtjer 2022 and gacy rtK>nies will te used to SUPFQrt tW promolion. There we alsc>plans.for a chanty Chrisknas concert and a tomè and Sing" event in the summer.
CITY OF BIRMINGHAM CHOIR (A c(xMpany limrted by guaraniee) DIRECTORS, ANO TRLISTEES REPORT Year erd 30 June 2022 Princi1 Funding S(xNces The rather limited post pandemic promotN)n of Lncerts d•J rMI£ a reasonatjle te4el of irrne from IiLet sales. bLrt a substsntial from a frymer menknwas the Fmwnary offunds in Ihe year. Invtsknert policy The Board has prev1wS ccnsidered the rnost ar¢Ilate Fthcy for in¥estiThJ fimds was in an iterest eaming bank account. 11$1 this will conlirM as a means of meeth.ng lryithty reqtlirements in relation to conort and project promotion, in the Ivjht ofthe o¥efa¥ offu[S the Board also inteThJs to exp[0 optsons the use of addrti.onal lonpr term investrThent. An InVesnt manager was apprynted after ihe year end and the trustees Reseryes pollcy The choir requi5 reseive5 to gi¥e rt Ihe tsa.lty lo progrdmme the full rdnge of works Trn the repertoire, to pri)vid• adeqiwte resowces to allow for the carrllatton ofa (xwwt Ihrowh events oulside rts o)ntrol. to provide adequate finance to support Ihe Cert plann9 cyde and to woted i( t(> wme exlent, frrn Ihe unrzrtainties of the markd place in vthich Ihe cKxr operates. The Board's pjlry historicalty is to plan for a mojest inrrn in EEServes year year, rÈciwtsmg Ih3t there will be SicS when wll dra on to supwM1 that wll not c(Ner ¢x)sts from box Offi incon)e. The excepb.onal legacies reNd o?incKling ryth thè chorfs centenary leatrOn5 has enabled these fund$ to be used to some exlenl to ffinance thal wrAJkl othwwise he wv4ed to te loo coslly. wrrenl general reserve of£286,695 (2021: £271.843) is rxjnsidered to be •Je4uate. Ixrt ttE Board to &t to try lo grow it on a year to year basis. Thè desi9nated resÈNe of £1024012021: £29.7221 reFwÈs•ts funds set asidè ty the to support outreach activths, in parb'ojlar. ways ofenoyjrngng y(Kry people to sing, and to deveknp the skills of membtrrn, all part of rts continuing Voice F>aory initkative. The Board reviv this fvnd on an annual basis to assess its applopriate levd and usage. The restnded fund vras a to Sup1 the thoifs 11)Jih nNersary and was used in the year for that puwpose. Diyectorg. resptytsibili1S¢s The directors (who are also Injstees of City of Birmingham ChDir for the purFoses of tharty law} are responsib for prepanng the Anmal Report aThJ the Finantsal Statements in e0rdar Tnth aOicable law and Unrted Company lart requires the ¢thredors ts prepare anci statenEnts for eath firAncial yearwhich grve a tme and tsir view of the state of affaifs ofthe tharite cunpany arnl ofthe iro>)nNTrJ res(wJrces and appat of resources, including the irrc(xne arKI ¢xpenthlure, of Ihe chantable wnp3ny lorlhal pwJ"c#J. In preparin9 Ihose nancial ststements, the t"rectcKs are (equir&J to select suitable 2ccountiThJ rnlues and Ilpn ¥pty Ihem Colty observe the methods aThJ prmples in the Chaiities SORP nuke judggments and estimates lh are reasonable and pnthnt prep8re the financial on Ihe corK*m basis hl is to prne thal the ¢hafttae o)mpany wil contwwje in business and explaifted in the financMI statements. Page 4
CITY OF BIRMINGHAM CHOIR (A company Imnited ty guarantee) DIRECTORS. AND TRUSTEES REPORT Year ended 30 June 2022 Olrectors. r•4)on$ibllllt•s {eontlrndl at any ts'rrte the financial pogkn) of Ihe thantatle ccvrpany ar the grim and to enable tM to ensurè that ihe financi statements cthnpty with the Companies Act 2(t6. They are also restKJnsible for safeguarding the assets ofthe charitable compry and hen frytiTh) reasonth steps for the We¥tion arwj detectb)n offraud and other irregularities. The directors are responsible ftsrlhe maintenance and integlity of the corFir and financial rnfmtion induded on the tharitable panY'S web sire. Legi51ats"on in the United "ngdoM 9overnir¥ Ihe prEpara11 and Approved by Its rd 0fTnle5 afKI swJn•d on ils behaOn 1st Marth 2023. T.Siggins Secre Page 5
CITY OF 81RMINGHAM CHOIR IA Comp limited by guarantee) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CITY OF BIRMINGHAM CHOIR I re[ to the charity Injstees on my ofthe ofthe Cwny fcrf the year ended 30 June 2022. Respon>ibillties and basis report As the chanlys trustees ofthe Compayty land its ireL1ty5 for the of(xry#ny Iwl you are spon5ible for the prÈparatton ofthe arxwnts in a[darte Ihe requwemtrts Of Compan$ Act 2LX Ihe 20L% Acr). HavirKJ satisfied myself that the accojnts Of Cunp are reTed to be uThJer Parl 16 ofthe 2006 Act and a ellble for TrJeperYent examinaticffj. I rekKt in Tesrc# ol my eX1nat ofyour charity's accounts as caffled wt Lw*Jef Sed1 145 ofthè Chwthes Ad 2011 rtr 2011 Acf). In carrying ¢yJl my examination I have W¢>• ts Dwecliorts given iry the Chwiy conyr1s5i under se(XK)n 14515llbl of Ihe 2011 Indwndent •xaminetr$ statemert I have (Mpleted my examinaiion. I c4)nfirn that mattw5 ha¥e Cr to my attenlbjn in c%)nneth"on wth the ?xaminab"on gNiThJ mè cause to bÈheve:
tnn9 reeords were Thji kept vi resped oylhe as wuired ty *10 386 ofthe 2( Act,.
or 3. the aCUnts do not comply t•+th the aclxunting wuirements ofs&Xicffj ofthe 20(E Act ¢)ther than any requiremenl that the acwjnts give a a1 vie vthith is not a matter condered as part ol an independent exaMinatr. or 4. the accounts have Mt epa in ac0Ydan with the meth(MJs and prirriple5 ofthe Stslement of Re(xJmMded Prwct ft)r and ej by ¢hanltes lapplKable to tharities prepanThJ their accLwnts In accc¥tsnce Ihe FinK4 Re&KMtii¥J Stsrthrd in ts UK arKJ RtpublK of Ireland IFRS 10211. I have rko o)ncems and have come across r) ¢)Iher maltws in cmnecw with fv examination to whth attention Should be dra44n in this report in order to able a prw uThJetstandiThJ ofthe accounts to be rexhed. Salty-Ann Reeves FCCA Associots"on of Chartered Certrfd Accwnt Shire Bam Hewell Lane Tardebigge Worcestershire B976QH 1s1 Mardh 2023 Page 6
ciry OF BIRMINGHAM CHOIR (A company limrted by gv>antse) STATEMENT OF FIANCIAL ACTIVIMES (In(XNFX)raiing an Income and Expenditure A1)Unt) Year ended 30 June 2022 2022 Total Funds 2021 Total Fd5 General Incoming and eThyovmts from: Fundraising and Dcmations Legacies 1.580 32.$88 3.851 126,000 32,588 Invesiment inme- inte1 31 31 Charitable ath"viti"es 47.745 47.745 11,775 Tot•1 81.944 81,9M 141,637 Resources expended Expendilure on.. Charitable activibes 778 19.482 67.092 87,352 31.953 Total 778 19.482 67.092 87,352 31.953 Nel MOV in •Jnds being net incomel(expendilure) the year (778) (19.482) 14.852 15.408) 109.664 ReconcS1iation of funds Fund baknces at oftr 778 277.843 302.343 192,659 F•Jnd balances at the er ofth yèar 10.240 286,695 ,935 2,343 There were no recognised gairts or knsses for 2022 or 2021 other than in IhÈ StaterY*rt of Frn8nc4al ties. All income and eXTj•1u rektes lo ccffllimMrwJ (watKX Pa7.
CITY OF BIRMINGHAM CHOIR IA company limrted by guarantee) BAL4NCE SHEET As * 30 June 2022 2021 Currentassets Debtors Cash at bk aNI in hand 12,442 287. 28.595 278.921 293.951 307.516 Creditm.. amowts Irj due within o year 13.0161 (5.1731 Ngt eurrnnt assèts 302.343 302,343 Unre¥tricted funds: Gerteral Designated 271.843 29,722 10.240 301.565 Restricted 778 Tolal lunds 302.343 audit underthe prow5ions of e)n 477 oflhe Comparmes Acl 2cib fthe Acri and membets have not rèquired the charrtat cmpany to oblasn an audrt for the year in questicm in a(Lordance th section 476 of the Ac. . The DIt0$ acknty¥ledge tsr spobilrt1es ts ensuring that the tharilable coffpawty keeps arxouniir records vthich crynpty 5ethn 386 Of1 Art lor preparing finanrA81 stmerrts whth give a trve and fair view of the state of affairs ol the charitabk cJJwny as al 30 June 2022 an(J ofthe defi¢)t fr)r the year then ended in accordance wth the requirernents of seion5 394 and 395 ofthe ki and which comFty wth tr qu1mentS ofthe C¢ynpanies Ad 21kn relakn.ng to the finKial Statem so far as aprAicable to the The finanoal statements have been prepared in a0)Yd wrth the speoal provism relab.ng to i))mpanies sutrfj'ed to the smal cornpanw rwme wrllNn Part 15 oftt cOrnpan A(X 2(tr. The ancial stateThts We appro¥&J by the Bowd of on1st Marth 2023 aThJ signed on its behall by.. A.D.PaMell Direclor T.SKJ9ins P4è8
CITY OF BIRMINGHAM CHOIR (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS Year ended 30 June 2022 Aeeounting poIiciÈ# 1.1 Basis of prepw4tion Thè fir)881 stateffl the Chl1)le Co. is a benefft entity under FRS102. hwe been pfepared in %(Xjrdare wrth the Charities SORP IFRS 102) 'ACCnting antl Reporting by Charities.. Statement of R)onended Practti apsAiGablÈ to tharrties prèparin9 their acc(xJnts in ¥Grdan¢¢ with the Fina181 ReFX)rting Standard aw)11¢b in the UK aThJ Repubtsc of Ireland IFRS 1021 lèffedivè 1 January 2019).. Finanrial RewJrtiNJ Standard 102 The FinaThial Reporting Standard appth'tsble in the UK and RepulAK of IrelarKY and the Companies h£t 2C(6. The finanaal slatements 1.2 Fund aountIng Re5th"cled fvnds represent grants arnl donatiorts whth ¥e subjed to restr"OnS their expendrture imFX)sed by the donor orthroLW th• temis of * apFeal. UnY•striet•d furMIs UnStrided fvnds eSent fvrnjs trt a ertdabIe at Ihe dtt.0ft oflhe eoawd ift Ihe lurthtranc• ot the objects of the thawitatjle corryany. fiJnds may be hekj in orderto ffinance both working caprtal and captal investment. Dw"Wed lunds are those knids whrh are unrestrKtl in nature Ixrt whtch have been deggnated by the Board to be used in ¥ part10[ m•)w. t.3 Incaming $OUrteS All iOlrj resowces are iAled in the Stsmentof FinaKial Activittes when the tharitab company ts enbued to the •KI the afflOt can be quantified with wsonable acoJracy. The Voluntary income by way of 9rants. and gifts is induded in fiAI in the Statement of Finanoal Aclivilies when reable. Grants. wlwe enlitlewnent rbot amlti1)nal on the delwery of a specfft performance by the thantaWe oynpany. a clsed th it beo)mes unconditicfflal entsued to the grl Donated seNres and fariStie5 are wKKKled at the value to the tharitae company wherethis (an be quantthed. The value of w¥1$ prDvKknJ by vclunteers has not been induded in these Incing resources grants. where related to FrfNfflan an¢J swfic t1elNerables, e accounted lof a$ the ¢ompany eams the right lo cy)nsNJeralion by its FerfOrn8n. Vlhere income is receNed in afvaKe of [f0[Ke rt Is treatwl as dèfeffa1 Irk xl induded CfedrtLKS. 1.4 ResOUe8 exth EXpwM1itU Ls rewised on on wuol bags as a liabikty wKurred. Charitable expenrt comprw those costs irthrred by Ihe charit)le c¥)mpany in the delNery of its activities and servi¢e$ for rts LYnefiw"es. Gr)vemce costs i1le tIKV costs assLN?ated meeting the ¢onstituDMal 8nd statut uirements ofthe ¢tharitable ¢yJffpany indLM1e art lees aThJ c4)sts linked to Ihe strategic ManageThnt ofthe tharitable coryany.
CITY OF BIRMINGHAM CHOIR IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS Year ended 30 June 2022 1.4 R¢8ouw expended leonlinuedl AJI Ix)sts are aNord between the expenthre categm (rfthe Statement of Fin8rtial Aclivths on a basis designed to refiect the use ofthe Costs relaiing to a partKJlaracbvty ccmprise both costs Ihat can be alktated diredly to activilies aTrJ tIKJse (J)sts of an indirect nalure recessary to support them. 1.5 VAT Value added tax ps not ro¥erable by the charilth company. arKt as sh in the relevant 1.6 Cash at bank and in hand Cash at bank and in hand inchjdes cash awmj shryt telm hyhty IKJuid in¥e5trnents witti shryt temi m8turrty of three montrts or le&s date ofaL4uith"on Lyopening of the deposit or Milar 1.7 Debtors" and ueditors leceile1paYabIE wilhin or year Deblots and Ixeditors with M $ed irtere5t rnle arml receNable or ptyab within one year are recorded at trans&aion price. Any kisses aming impaument we rwntsed in expenditura. 1.8 Going Concern The financAI statements fA¥e been wepared on a goiThJ o)ncem baS as the Injstees belwe Ihat no material nrtntS exist. The Irustees have consmlered level of tund5 hekl and the expethd bwel of income and expermlrture for 12 monihs wlhon"swyJ these finwKial statemts. The budgeted income and eXFenditU is suffwt with ts level of reserves for the cknrty to be ableto continue 8$ a 525 475 An•ly#i of incomè 2022 2021 Ticket sales and fees eamed Membership subscriptions Christmas TatS CD Saes Gth aid rthds 26.(1 16,565 215 4,204 8.050 15 2.595 1.115 47.745 11.775 Page 10
CITY OF 81RMINGHAM CHOIR (A cornpany limrte¢J by guarantee) NOTES TO THE FINANCL4L STATEMENTS Year ended 30 June 2022 Analysis of expenth .2022. Tot 2021 Total P8rfomiance Govem¥ Conceri amd Voice Fadory Propcts Costs MarketrTrJ Conductows. fee5 mpantst fees Rehèèrsal room Printing and al ¢m¢S Music and foklw3 59.375 59.375 3,550 12,393 3,278 5,810 12 (290) 1.179 16.011 12.393 3.278 5.810 12 10,676 3.165 1.179 285 Support costs alCd to ac11vA.. In$ur8n¢e Legal and professional MiscellanetyJs 257 257 525 1,263 525 475 1.027 86.827 525 87.352 31,953 Staff costs The charty has no empbyees for the pericYs 21Y22 2021 other than Twstees. who did not recebve any munera"on12021 £NIL). No ernF4oyee re re[ThM amounlirmj to frve than £PAJ,(th ift either year. Trte¢' Trmuneralion and benefits Thefe were no trLk%tees' reffwnerab.on or ollr bènefits fortr end 30 Jum 2022 for the year ended 30 June 2021. Taxation As a chantstAe clynpany. City of &'miw)gham Choir is exempt frryn tsx on I)Co and gair fallirJ within sec1 478 ofthe Taxes Ad 2010 ty seclKM 256 ofthe Taxati of Charyeabk Gatns Act 1992 to the exient thal these are applied to caiitst4e rtyas. No lax tharyes have arisen thin the thwilab* (x>mpany. . DelAorn: amourrts due th1Th on• y•ar 2022 Gift ad redaimat4e Legac 2.595 26,OCQ 12.442 28.595 2021 Survjry ueditlXS 3,016 5,173 Page11
CITY OF BIRMINGHAM CHOIR {A CoMpY limrted by guarantee) NOTES TO ThE FINANCIAL STATEMENTS Year ended 30 June 2022 10 R•8trietsd Funda and grants, held ryi tr1, to aPF4ied for purposes. as lollLFrt." Balances at 30 June 2022 1 Juty 2021 EXplrtle RestrKted bjnts mafkirrfj the .$ 1tnh anrmvwsary. 11 Unrn5triet•d fund5 1 J1 2021 E¥pwKliture Balan5 at 30 Junè 2022 General funds 271.843 81.944 67.1)92 286.695 Designate(I 19.482 10,240 301.565 81.944 86.574 296.93S The deSprted fvnd is used tr ttE Fkny lIlaINe". whKth is used lo ftmd vor£ tiainry. and wowkshop5 frKolher spea81 prcieds. .Total Bank depwt acc(nt Other cash at bank arHI in hwvj Net debtors and ryedrtors 82.193 205,316 9,426 82.193 205.316 9.426 296.935 Page 12
CITY OF BIRMINGHAM CHOIR IA t))mpany limited by guarantee) NOTES TO THE FINANCIAL STATEMEMrs Year ended 30 June 2022 13. Comparati¥es forth• Sla•nt of Fift•ncial Athit Restricted Funds The funds oflhe th8r1t8 c(xnpw restric funds comwisry uwded b8lanLx of donations and gfants, held on trusi. to applièd wrww$. as fdlows.. Balae$ at 1 Juty2020 EX[litU Balances at 30 June 2021 Restn'cted fiJTrJs 778 778 The $11#ed ftwKls are athitxrtable lo the Voice Factory ilave- 7hthith is US to fvrwj training and choirwixkshops, and the FJ. a fvrhj be¥wJ &4xwnuled to 5W)port thities Ma1rj the dl¢S 1001h anniversary. iknrestrl¢ted funds Balae$ at 1 JY 2020 ExpeTrJiture Balances at 30 June 2021 161.8 141.637 31.693 271.843 Desunat&J fuThJs 29.722 191.881 141.&37 31,953 301,565 The de%gnated fvjnd is frythe V¢)Ke in1bi¥. is used to lund voKe trainrn9. Unrestrided Restrthd Totsl Bank tposit Cxher cash at bk and in haThJ Net deblOFS and ttellitors 82,167 195,976 23.422 82,167 196,754 23,422 778" 301.565 778 302,343 14 Trustees and Rglated Part•os exSe5 durirJ the year. thjriry the year the thoir recer4ed a d¢ti<M of£1.0Th) frcrfn trnbreck Charity of whtth Catskke vras a tlltee. Paje 13