31ST MARCH %124 THE CARDINALL? MUSICK LIMTfED PAGE8 TRUSTE&% REPORT EWINER'S REPORT STATEMENTOF FINANCIALACTMTY BALANCE SHEET STATEMWOF CASH FLOWS NOTE8 TO THE ACCOUNTS 9-10 THE CARDINALLY MUSICK uraiTeD coDapANY INFORMATION REGI8TeRED OFHce Htshlaftd Hou8e bort Dth Burge85 Fun We6t Sumex RH15 9TN TRU8TeES and ￿RECToRS. 8. M. Darflngtsn Rov Dr Carolyn ￿￿￿mOnd HI8 Honour M. D. Kenngdy KC. P. J. R. Zl•man (ChAlr) L￿1* Morne A1180n Berllln C8E C¢JAIPANY 8ECREfARY: P. J. R. Z8man Andrw CaThK%od MBe ADMIN18TrATOR: COMPANY NufdBER; a405041 The compary18 Ilmlled by gu•ranloe CHARrrY NUMBER: ACCOUNTANT8: Man•or Hunot Hlghland Hou Albert Or 8urge88 Hlll West Su RH15 9TN BANKER8: HSBC PIC 28- 28 Sl Ann* Rogd Mkldlo HA11AL TRusfEES REPORT FOR THE YEAR ENDING 31st MAftCH 2024 THE TRUSTEES The Trustee5 are responslble for the flnanclal, admlntstratlve and moral welfare of The Cardlnall's Mu$ld¢ (TCM) and for ensurina that the charftsble alms of TCM are always belng met. The number of Trustees shall be not le5S than three13). In the perlod 2023-2024 the number was slx161-Allson Bertlln, Stephen Darflngtorn Carotyn HammorKI, Mlchael Kennedy, Loulse Morse and Paul Zlsman (Chalrnian of Trustee5). Responslbllltles Trustees are requlred to meet up to three tlmes a year, of whlch one such wlll constitute an Annual General Meetlng. At the AGM they wlll agree the rnlnutes of the prevlous AGM, scrutinise an Annual Report and the Annujl Accounts and deal wlth any matters arlsln8. At the remalnlng meetlry they are requlred to do the followlng- ensure that TCM funds are used In a manner corbslstent wlth the charltable alms of the ensemble,. enter Into contracts on behalf of TCM; aaree all concert and recordlng enBaBements undertaken by TCM on advlce from the Artlstlc Olrector; recefve updates from the Artlstlc Dlrector. In fvrtherance of these responslbllltles, the Trustees wlll r￿fve a set of fully up to date management attounts Includln8 the cash posltlon and a Ilst of concert and recordln8 engagements. The Trustees sole Ilmlted Ilablllty for TCM amountln8 to £10.00 per Trustee should TCM ta￿ ￿nkrUptCY or be dlssolved wfth debts remalnln Tm ofolllce Four ￿r$, renewab￿. Up to three per annum and addltlonally, If requlred. The Company Se￿•t•ry The Company Secretsry Is raqulred to adhere to the requlrements of the Charfty Commlssloners In callln8 an AGM and other meetln8s at the ￿qUest of the Trustee4 to oversee the preparatlon of an Annual Report and Annual A￿oun Ob tharws objects are: To advano publlc educatlon by the prry151on of dasslcal rnuslc In all m To advance publlc edufatton ty the provlslon of d￿1￿1 musk workslws etc., partkularty. but not exClus￿ly, for y¢xm8er pe*. The Cardlnifs Muskk ts a body set up for perfornunce of dasslcal musk throughout the worfd. It undertakes engaBements Iwlth the pefTnlsslon of the Trustees) on the concert platfomi. In the recordln8 Studlo and by broadcastln8.lts alm Is to take muslc of the hlghest quallty to the wWest posslble audlence arKI to communlcate wlth aUdIen￿ dlreth durfn8 wrttln8 the muslc Mi hlstorkal context In furtherance of Its second objec( The Cardthafs Mu*k and Its Artlstlc Director. Arrflrew Carwood undertakes workshops and mast•rdasse$ around the Unlted Klngdom. Both objects of the Charfty contlnue to be enhanced by the In-depth researth and art15tk experttse of Andrew Carwood, expressed throu8h prtrconcert talks# publlshed artldes. broadcast Intefvlews arHI Inforniatlve explan*lons between concert Item& The Charws objectlves forthe year 202>2024 were to malntaln the 8roup's profile In publlc perforniance. Artmths Induded a day of perfornmnces at Wknore Hall on Juty 4th 2023 to mafk 400th Amfversary ofthe death of Wllllam Byrd, a return to the Uwal at Cadyi Mrles at Cado8an Hall In October 2023 ind a perfomiance at the Passlontlde Festlval at Merton Colle8e, Oxford In Mafth 2024 fe*wlng muslc by FayrfaK Sthutz and Vlrtorla, and a collaboratlve performance of Tallw epk Spem In Allum wlth the ctrM)Ir of Merton Colle8e, Future plans Included a perfomiance Jt St. Nlchola< Chapel In Kln¢s Lynn for Muslc In County Churche5 In July 2024, J Chrlstmas pro8rarnme at London's Wl8more Hall In December 2024 and a perfornMn￿ In the BBC Radlo 3 Lunthtlme Conc•rt serles In 2025. The Frlends of The Cardlnall's Muslck contlnued to contrlbute to fuftdI￿ for the group. through molest rnem&rshlp subscrlptlons and donathns. A Frlends receptlon and recttal tLM>k pkn In May 2023 at the hlstorlc thurth of SL Mary-le-Bow In London. Durfng thls perlod. the flnances have been controlled by the Artlstk Dlrector Anthew Carwood and audlted by Manser HunoL Jane M3cArthur contlnues to act as bookkeeper. The Cardlnall's Muskk Intends to pursue its tharftable alms throughout the comln8 years. desplte thallen8lnB condltlons for muslc and the arts. The Cardlnaifs Muskk b a small charfty wlth low overheads arKI Is able to contlnue to operate at mlnlmal cost whlle there15 Ilmlted income*enernting actlvlty. The followln8 polnts were Identlfled a5 beln8 prlorltles for the future: Contlnulng to commlsslon new m￿k Contlnuln8 to 8lve perfonnances In the UK and elsewhfft and to malntsln the rektlonshlp wlth the Wl8more Hall In London Malntalnln8 relatlonshlps wlth supporters. Indudlnl a fundratslng event to ralse funds for admlnlstratl¢Jn costs and new commlsslons Idenfjfylna spedal projects to be presented wlth spedfic venues ftetumlnB to rnaklNA recordlnos on a proJect+proJect basls Company and Charlty law requlres the CourKII, a5 Dlrectors and Trustee4 to prepare accounts for each flnancial year whlth Bfve a true and falr vlew of the state of affalr5 of the Foundatlon and of the results forthat perlod. In preparln8 those accounts the Trustees are requlred to: Select sultsble accountlng pollctes and apply them conslstently MakeJud8ements and estlmates that are reasonable and prudent Stste whether appllcable accountlng stsndards have been followed, subject to any materlal departures dlsclosed and explalned In the flnanclal ststements; and Prepare the fInar￿la1 statements on the golng concern basls unless It Is Inapproprlate to presume that the Foundatlon wlll contlnue In buslness. The Trustees are ￿ponSIble for keeplng proper accountlng records whlch dlsclose woth reasonable accuracy at anv time the financlal posltlon of the Foundatfon and to enable them to ensure that the financlal statsments comply wlth the Companles Act 2006. They are also responslble for safeguardlng the assets of the Foundatlon and hence for tsklng reasonable steps for the preventlon and detectlon of fraud and other Irre8ularltle& To the best of our ablllty, the Trustees, who are also Dlrectors of the Company Umlted by Guarantee, confirni that we have glven the audftors all relevant Infomiatlon In connectlon wtth the preparatlon of the audlt reporL The above report has been prepared In accordance vAth the spedal provtslons of Part Vll of Companles ACL By Order of the Trustees o2Lr Paul Zlsman Companysecretary INDEPENOEKf EXAMINEVJ REpoirr I rwt oft Ihe a(>￿nts of Ihe Clwity ts the yw ended 31st 2024 *tiich are s* rArt M pages 6 to respon81ble for Ihe preparati￿ ofts ax•xmts In ac￿rda￿a YAlh the (equlTements of the Compantes A 2006 rfho 20[￿ fvtt). seGtlon 145(5)(b) of the 2011 ACL whlch 8lves me cause to be11tr4e thaL" (b) the aco)unts do not acGwd suth r￿. ttwi any requlrement that the accounts gNe a and faf is nol a mattw consldered as part of Recommended wackn for a(￿U￿ting ar￿ rwrtNJ by charilies [applIca￿e kn ¢harftie8 preparlng thelr Ireland (FRS 102)]. attenivjn Sh¢￿￿ Le d 81GNED: 7- 2024 H&hland HcA*e RH15 9TN F.C.CA 2023 INCOME FROM GENERATED FUNDS Donations and LegBd88 3.224 12 INCOME FROM CHARrrABLE ACTivmES 25,401 10,200 EXPENDMJRE ON RAISING FUNDS Venue and Music Fnre Management Fees 18.er 7214 1,470 3.811 TOTAL EXPENDrruRE 1371 13.1)50 28.636 NEf MOVEMEKf IN FUNDS RECONCIUATIOII OF FUNDS TOTAL FUNDS BROU(>rr FORWARD TOTAL FUNDS CARRIED FORWARD 716 £ 11858 The fK>les (ffl pogeB 10 and 11 fcrni part ofb*e a￿(X￿￿. THE CARDINALLY PAUSICK LIMrrED Company Nunthw. 3408041 CE SHEEf AS AT 31ST faARCH 2024 CURREMfASSErs 1,815 8.812 1,616 400 C88h at Bank 19,463 13.e43 CREDITORS: Arnounts fafllng due wlthln one year Nei AB8el8 lass Currnnt Llabllftle8 NEf A8SEfsi £ 12716 FUNDS OF THE CHARITY Unre8trlclod Income Fund8 Tho nates on pages 9 & 10 lom part of th88e accoun1& For the tlnandAI year ended 318t March 2024 th8 Compary wa• enllll•d to exempkn frcm audlt undw on 477 CompAnl88 Act 2008; and no noucè has d•po8llad undér 8Ktton 476. Tru8tee8 ￿knO¥￿ed￿• thelr re8pon8lbllltto8 for en8urfng tt￿t the Compwny ke8p8 accoundrw rec￿ld8 kh compty wlth Section 386 (of the Act) and prepaTlng accounts whlch glve a true 8nd falr vkw of the Slate of affalr8 of the Company as at tho end of Iha year and of tt8 prnfft or1088 for th• Ilnandal year In accordance wtth thè requlrements of Secuong 394 to 396 and whtch otheThvhe ￿mplY wlth the fequlrements of the Companles Act 2008 relatln9 to accounts. 80 far as appllcable to the Compony. Tho finandftl statements have been pr8￿Md In 4¢¢ordance wlth the provknlon8 appllcable to companles 8tsbject to the small C¢xnpgnleg' reglme and In accwdance wlth FRS 102 Tr Flnandal Roportlng Standard applkable In the UK arml Republtc of Ir•land'. 81g b•haWol the 8o•rd of Dlreclorn: DATED: 11 24 P. ZISMAN COAIPANY SECRETARY THE CARDINALLY IIIUSICK UMrrED 8TATEMEKf CASH FLOWS FOR YEAR ENDING 31 P•lARCH 2024 2024 2023 Nei cash used In opernttng athllles (3391 Ca8h Flow8 from Inve8tlng aclmu In¢xea8e l (decrewe) th cash and cash equlvalenb th the year Cash and cash equlvalents ai the beginnlng of Ihe year 11.628 11,266 Total (xsh and cxh equlvalents at the end of the year 11 NOTES TO THE ACCOUNTS AT 31ST &IARCH 2024 STATUIEiif OF AccouiinNQ POUCIES Thè fjnandal glatemefrt8 have been prepared In a￿OrdanCe & Repothw ty Chathie8: Statefflant of Recommended Praclice appllcabb to weparing tI￿r ary>Junts tn whh tho F(nan(aal Repordng Standard appllcable In the UK (FRS 102) . {th8rftt08 SORP (FRS 102). INCOMING RESOURce8 Incomlng (0￿u￿ are thduded grw. %thout nethg off 8nd related g￿endI￿Ne. Inwmlng re8our￿8 are generdly recogftlsed when thg charlty becomes enulled to the rnsourc vthan Rcelpt 1$ vlrtU81ty ￿rtaIn and when the monetsry am￿nI cAn be meawred wlth Guffld*l TAXATION AS a regiSteRd dwrfty, 18 grnatty exempl from Income la¥ and wltal gth IBX on Its d)arll8ble DONATIONS AU dorolon6 are 8ccounted forln tha pertod are raL*l¥ed. STOCKS Stod¢ Is valtsed at the l¢Mer of¢osl cy nd reallsoatslo Value. THE CARDII4ALL% MUSICK LIMITED 1407ES TO THE ACCOUNT8 A8 AT 318T MARCH 2024 coKllNUED 2 DEwfoRS ¢Jher Debtor8 and pryyments 8,612 3 CREDrroRS: knounts fatNng due wlthln one yoar 4 i1l1RE8TIUCTED IMCOME FUNDS Brougm F￿ward Net {OuwSngylnc4mtng Re￿urceS £ 11.858 £ 11,472 6 RECONCIUATION OF NEr MovMEpir IM FUNDS TO NEr CASH FL