## THE PARLIAMENT CHOIR 

Trustees ’ Annual report and Financial Statements For the year ended 31 March 2024 

## Registered Charity Number 1085042 

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**THE PARLIAMENT CHOIR FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** 

## **Reference and Administrative Details of the Charity** 

Charity Name: The Parliament Choir 

Charity Registration Number: 1085042 Contact Address: 4-17 Millbank House, 1 Millbank, House of Lords, London, SW1P 3LX. Constitution: Charity governed by Trust Deed dated 15 February 2001 (amended 18 January 2011, amended and consolidated 15 January 2013, amended 25 January 2016, 13 January 2020 and 25 January 2021) 

Trustees as at date report approved: Lord German OBE (Chair) Mary Macleod (Vice Chair) Hugh Merrill MVO (Vice Chair) Baroness Hayman of Ullock Sir Bernard Jenkin MP Michael Switsur Lesley Titcomb CBE Anna Yallop 

Trustees who resigned after the year end: Rt Hon Sir Oliver Heald KC MP (resigned 14[th] May 2024) Baroness Jolly (Treasurer) (resigned 31st July 2024) 

Bankers: 

Metro Bank plc, One Southampton Row, London WC1B 5HA 

Solicitors: Withers LLP, Third Floor, 20 Old Bailey, London, EC4M 7AN 

Chief Executive: Anna Yallop Choir Manager: Virginia Hawkins Music Director: Simon Over MA FRCO Chorus Master and Composer-in-Residence: Nicholas O ’ Neill MA FRCO Finance & Accounts: David McBride BA BFP FCA 

Independent Examiner Jane Spencer-Davis BA FCCA CTA **,** Spencer-Davis & Co., 4 - 6 Peterborough Road, Harrow, HA1 2BQ 

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## **THE PARLIAMENT CHOIR FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** 

## **Trustees ’ Report** 

## **Structure, Governance and Management** 

The Parliament Choir is a charity governed by a Trust Deed dated 15 February 2001 (amended 18 January 2011, amended and consolidated 15 January 2013, amended 25 January 2016, 13 January 2020 and 25 January 2021). 

Under a Memorandum of Understanding dated 11 February 2020 the Choir became an autonomous group under the patronage of the Speakers of the two Houses of Parliament. The Memorandum is subject to review biennially. 

The Board of Trustees has between three and twelve members comprising the Chair, up to three Vice-Chairs, Treasurer and up to seven other members elected at the annual general meeting. At all times at least one member of the Board of Trustees must be a member of the House of Commons and at least one a member of the House of Lords. 

The Chair, normally a Parliamentarian, is elected to serve for a three-year term, renewable once other than in exceptional circumstances. The Vice-Chairs and Treasurer are elected for a term of no longer than three years other than in exceptional circumstances. 

The Board of Trustees may appoint up to four trustees who are not Parliamentarians and in addition one or more coopted members to fill any skill or vacancy that may arise from time to time. Such appointments last until the next Annual General Meeting, where the appointment of the trustee must be put to the vote of the members of the Charity. 

Members of the Board of Trustees retire from office by rotation at the end of the annual general meeting three years after the date on which they came into office, but they may be re-elected or re-appointed for one additional term other than in exceptional circumstances. 

Nominations for election to the Board of Trustees must be in the hands of the Chief Executive at least 14 days before the annual general meeting.  Should nominations exceed vacancies, election is by ballot. 

The Trustees meet at least 3 times a year to review the charity ’ s plans, performance, finance and risk. 

Day-to-day activities are overseen by the Chief Executive and the Choir Manager. 

## **Objectives and Activities** 

The Charity's objects ("the objects") are: 

- (1) the study and practice of choral music in order to foster public knowledge and appreciation of such music by means of public performance. 

- (2) the promotion of the art of singing and music by means of assistance to young singers and musicians and by the provision of scholarships bursaries and prizes for singers. 

Approval was sought from the Charity Commission in 2021 to add a third object reflecting the new status of the Choir as an autonomous group under the patronage of the Speakers of the two Houses of Parliament. The Charity Commission ’ s response is awaited. 

The Trustees have had regard to Charity Commission guidance on public benefit and ensure that the objectives and activities of the charity are carried out for the benefit of the public. 

The Parliament Choir has an ongoing relationship with the orchestral academy Southbank Sinfonia (charity number: 1092461) which provides the orchestra for most of its concerts. 

At most of the Choir ’ s performances concertgoers are invited to contribute to a collection, the proceeds of which go either in full towards the charity ’ s work supporting young musicians or, if another relevant charity is involved in the event, are split between the organisations. 

The Choir tries to ensure that its performances are accessible to those on lower incomes and sets entry level ticket prices accordingly. Members of the Choir are encouraged to donate tickets to enable music students to attend the Choir ’ s concerts free of charge. 

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THE PARLIAMENT CHOIR
Fif4ANaAL STATEMENTS FIXI ThE YEAR ENDED 31 MARCH 2024
Trustee< Report lcortlnued)
hievernenty Performance and Future Plans
The centrepiece of the Cholfs programme was the long afflicipatcd performame in April of El8arfs The Dream ol
GerontlU5 in the Vatican at the Basilica of St Paul Outslde the Walls. Thi5 vfd5 d major ev(•nt fi)f the choir and was part ot
its public role of representlng the UK Parllan*nt by undertaking inleinational cultural event
The Choir ako pÈrfomied Elearfs The nrpam of Geron;ius at Srnith Square Hall Ifomierly SL John's Smith *uare) in
London, where 11 rcturned in June for a perfo￿￿an￿ of Hondel's Messloh and again for its Christmas carol concert in
Decernber.
In November the Cholr pertormed the Rachinaninoff Vespers at Coventry C3thedral and Southwark Cathedral.
2Q24-25 will see the C1￿￿T celebrate its 25" Anniversary with a perfonrance of Beet￿Ven'5 Missa Solemnis at the Royal
Festival Hall. In Nowember we wlll return to Smith Square for a perfomiance of Handel's Messjoh which will take place
instead of our normal Christmas (arol concert.
Financlal Revlew
Income and experidiLure (an vary sienifKJJntly from year to ycar. depending on the number a￿j Xdle uf the rnncert5 the
Choir organizes. In the year to 31 March 2024 the Choir touk part in six concerts {2023: six) of which it organised four
(2023: four).
The charit<s excess of expenditurc over Income for the year was £8.388 (2021: excess of Income aver expendlture
£2,4Ubl, Its unrestricted reserves at the year-end were £46.274 {2U23: £45.949Tr. Its restrirted resetves V￿re £12.915
12023: £21.6281,
The charity seeks donations and sponsorship frDm a wide range of Sntsrees to support the ambitlous coricerts it proouces.
It 15 partlctjlarly dependeFiI on sponsorship ar￿ donation5 when it is responsible for 5ta811￿ national events and
undertakin8 internat&onal cultural exchange5 as part of its publlc fole.
All donations, granis and 5ponsufship arp rnnsidered tor appropriateness by the trUStee5 to ensure ihere are no ethical
concern5 01 coI)fliCts of interest which mi8hi prcvent the Choir frorn ￿￿eptIng t￿rn. Thp %nurce of all donalions. grants
and spor￿)rship are reported to The Spea ker and Lord S￿a￿e.r annually. The C1￿1T continues to recruSt for Its FrieDd5
scheme to build a stream of incofne lu support its regular operating costs. The Choir receives no PUb￿C funding.
Risk mati3gernert and re5eYves pollcy
Part of the Ckivii's public role is to stage major national events such as Parllament's Arm15l1￿ Centenary tC•mmemorntlDn
in Westmirt%ter Hall and to undertake IniernatiDn411 iuliural exchanges such a% rts concerts at the Bundesiag In Berlin,
Notre Uame in Parys and the Vatican. These are expensive and carry significant risks but the Choir does not Cofnmit to
undertaking them until enough finantial support has been commftted. The trustees ére consciou5 of the npe.d to managc
the risks to which the charity is cxposed and these are re8ularly coiv)Klered at their meetings. Their risk mitigation Strategy
inc5udes seeking opportunities io take part iii cullaborativp Èvents and staging exciting and musically i4rribllious concerts
to increase the cl￿115 audience. The tnistees aim to Increase Ihe charlty's reserves lu provide bpttè.r protection against
Ihe risks it faces and ensure it remains on a sound financlal tootin8.
Lord German
Chair
Date: 21P January 2025
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## **THE PARLIAMENT CHOIR FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** 

## **STATEMENT OF TRUSTEES ’ RESPONSIBILITIES** 

The trustees, are responsible for preparing the annual report and the financial statement in accordance with applicable law and regulations. 

Charity law requires the trustees to prepare financial statements for each financial year. Under that law the trustees elected to prepare the financial statement in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under charity law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of allocation of resources, including the income and expenditure of the charity for that period. 

In preparing these financial statements, the trustees are required to: 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles in the Charity SORP; 

- make judgements and accounting estimates that are reasonable and prudent; 

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. 

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity ’ s transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011.  Trustees are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

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THE PARLIAMENT CHOIR
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
Independent Examlner's report to the trustees of The Parllament Choir
I report to the trustees on my examination of the financial statements of The Parliament Choir I'the charity,) forthe year
ended 31 March 2023 which comprise the Statement of Financial Activities, the Balance Sheet and related notes.
This report is made solely to the charity's trustees, as a body, In accordance with section 145 of the Charities Act 2011.
Our work has been undertaken so that we mi8ht state to the charity's trustees those matters we are required to state to
them in an independent examinels report and for no other purpose. To the fullest extent permitted by law, we do not
accept or assume responsibility to anyone other than the charlty and the charity's trustees as a body, for our work, for
this report, or for the opinions we have formed.
Responsibilitles and basis of report
As the trustees of the charitv vou are responsible for the preparation of the financial statements in accordance with the
requirements of the Charities Act 2011 (the 2011 Act),
I report in respect of my examination of the charity's financlal statement5 carried out under section 145 of the 2011 Act
and in carrylng out my examination I have followed all the applicable Directions given by the Charity Commission under
sectlon 14515llbl of the Act.
Independent examlnerfs statement
I have completed my examination. I confirm that no matters have come to my attentlon In connectlon wlth examlnation
8ivin8 me cause to believe that in any material respect:
accountlng records were not kept in respett of the charlty as requlred by sectlon 130 of the 2011 Act; or
the financial statement5 do not accord with those records; or
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 understandin8 of the financial statements to be reached.
lane Spencer
avis BA FCCA cfA
Spencer-Davls & Co.
Chartered Certified Accountants & Chartered Tax Advisers
4 - 6 Peterborough Road, Harrow, HAI 2BQ
Date: 201h January 2025
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## **THE PARLIAMENT CHOIR** 

## **FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** 

## **Statement of Financial Activities for the year ended 31 March 2024** 

||**Notes**|**2024**|**2024**|**2024**|**2023**|**2023**|**2023**|
|---|---|---|---|---|---|---|---|
|||**Unrestricted**|**Restricted**|**Total**|**Unrestricted**|**Restricted**|**Total**|
|||**Funds**|**Funds**|**Funds**|**Funds**|**Funds**|**Funds**|
|**Income and endowments**||||||||
|**from:**||||||||
|Donations/Grants||21,170|67,225|88,395|19,668|33,092|52,760|
|Charitable Activities|2|47,488|-|47,488|61,807|-|61,807|
|Other trading activities||4,467|-|4,467|492|-|492|
|Investments||125|-|125|6|-|6|
|**Total**||**73,250**|**67,225**|**140,475**|**81,973**|**33,092**|**115,065**|
|**Expenditure on:**||||||||
|Raising Funds|3|8,907|-|8,907|5,527|-|5,527|
|Charitable activities|4,5|64,018|75,938|139,956|94,436|12,696|107,132|
|**Total**||**72,925**|**75,938**|**148,863**|**99,963**|**12,696**|**112,659**|
|**Net income/(expenditure)**||||||||
|**& Net movement in funds**||**325**|**(8,713)**|**(8,388)**|**(17,990)**|**20,396**|**2,406**|
|**Reconciliation of funds:**||||||||
|Total funds brought forward||45,949|21,628|67,577|63,939|1,232|65,171|
|**Total funds carried forward**||**46,274**|**12,915**|**59,189**|**45,949**|**21,628**|**67,577**|



There were no other recognised gains or losses other than the net surplus/(deficit) included in the Statement of Financial Activities. 

The notes on pages 9 to 15 form part of these financial statements. 

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THE PARLIAMEKf CHOIR
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IMRCH 2024
Balan￿ Shevt as at 31 March 2024
Notes
1024
2023
Flxed Assets
Instruments and performance equipment
1,200
Total fixed as%•ts
Debtors
Cash at bank and in hand
io
23,834
69,779
12,Jitb
Total current assets
93,613
67,947
Liabilities
Creditors: Amounts falling due within one year
li
35,224
1.570
35224
1,570
Net current liabilitles
58,389
Total assets less current Ilabllltlqs
and iotal net assets
59,189
67,577
The fvnds ol the charlty
Rcstrictcd funds
UnrestriLtp.d funds
12,13
13
12.915
46.274
21,628
Totsl charlty funds
59,L89
67.577
The* financial statoments were approved by the Trnslees on 2cP January 2025 and were sisned on their behalf by:
Lord Ger￿￿n
Chair
Tp￿ iK)Les oli Pdges 9 to 15 form Pdrt of tliese financial statements.
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## **THE PARLIAMENT CHOIR FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** 

## **Notes to the Accounts** 

## **1) Accounting Policies** 

## _i) The Basis of Preparation of Accounts_ 

The financial statements have been prepared in accordance with the charity's Trust Deeds, the Charities Act 2011 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) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102. 

The charity 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 are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. 

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 

## _ii) Incoming Resources_ 

Incoming resources are recognised as follows: 

- Performance fees, ticket income and programme income: in the period in which the performance takes place 

- Membership subscription payments: in the period in which the payment becomes due (subscription payment periods run from 1 April each year) 

- Donations: in the period in which the donation is received. Where the proceeds from collections at concerts are split with other charities, the amount due to other charities is not recognised as income of the charity. 

- Sponsorship payments: in the period in which the payment becomes due, provided the charity is sufficiently certain of receipt of the agreed amount 

- Study day fees: in the period in which the study day rehearsal takes place (not the period when the associated performance occurs, which may be different) 

- Sale of music scores to Choir members: in the period in which the sale takes place (not the period in which the associated performance, if any, occurs, which may be different) 

- Gift Aid: in the period in which the associated donation is received, provided the Choir is sufficiently certain that the donation fulfils all of the necessary requirements for a gift aid claim to be submitted in due course 

## _iii) Resources Expended_ 

Resources expended are recognised as follows: 

- Performance costs: in the period in which the performance takes place, provided the cost is related to the concert day itself and cannot be considered an activity in its own right (eg. a rehearsal or study day) 

- Rehearsal and study day costs: in the period in which the rehearsal or study day takes place (not when the associated performance takes place, which may be different) 

- Fees to music and administration staff: the period in which the work takes place (paid in arrears) 

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**THE PARLIAMENT CHOIR FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** 

## **Notes to the Accounts** _**(continued)**_ 

- Finance and accounting fees: the period in which the work takes place 

- Independent Examiner ’ s Remuneration: the period to which the work relates 

- – 

- Support costs: the period to which the expenditure relates this will usually be the period in which the expenditure takes place 

- Grants awarded: as soon as a constructive obligation is deemed to exist to make the award in a future period 

Support costs are apportioned across the activities as follows: 

- Administration fees and general office expenses: on the basis of the time spent by the Choir Secretary/Manager on each activity 

Governance costs are apportioned across the activities as follows: 

- Proportion of direct expenditure on each activity 

## _iv) Assets Policy_ 

Fixed assets which provide an ongoing benefit to the charity are capitalised at their cost value and depreciated according to the estimated useful lifetime of the asset, taken to be: 

- Instruments and performance equipment 

6 years 

## _v) Cash and cash equivalents_ 

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 

## _vi) Restricted and Unrestricted Funds_ 

Restricted funds are to be used for specific purposes as laid down by the donor. 

Unrestricted funds are general funds available for use in accordance with the charitable objects at the discretion of the Trustees. 

## _vii) Financial Instruments_ 

As per FRS 102 Section 11, the charity makes use of only basic financial instruments which are initially recognised at transaction value and subsequently measured at settlement value. Financial instruments held by the entity comprise debtors, creditors and cash. 

## _viii) Taxation_ 

No provision has been made for taxation as The Parliament Choir is a public benefit entity which is exempt from UK direct taxation on its charitable activities. 

## _ix) Going Concern_ 

The Trustees have reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future.  The Trustees continue to monitor the impact of COVID-19 and potential implications on future operations. Thus they continue to adopt the going concern basis in preparing the annual financial statements. 

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**THE PARLIAMENT CHOIR FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** 

## **Notes to the Accounts** _**(continued)**_ 

## **2) Analysis of income from charitable activities** 


**----- Start of picture text -----**<br>
2024 2023<br>4 concerts 4 concerts<br>Membership subscriptions  18,404 19,062<br>Performance fees/Ticket income 23,472 25,451<br>Study days 988 12,438<br>Music Scores/Red folder sales 4,476 1,791<br>Miscellaneous 148 3,065<br>Total  47,488 61,807<br>**----- End of picture text -----**<br>


## **3) Raising funds** 


**----- Start of picture text -----**<br>
2024 2023 Note<br>Direct costs  5,251 2,128<br>Support costs 3,405 3,221 6<br>Governance costs  251 178 7<br>Total  8,907 5,527<br>**----- End of picture text -----**<br>


## **4) Charitable activities** 


**----- Start of picture text -----**<br>
2024 2023 Note<br>Musical  Supporting  Total Musical  Supporting  Total<br>performances young  performances young<br>musicians musicians<br>Direct costs 122,209 - 122,209 89,361 - 89,361<br>Grant-making - - - - 600 600 5<br>Support costs 11,916 - 11,916 9,664 - 9,664 6<br>Governance costs 5,831 - 5,831 7,457 50 7,507 7<br>Total 139,956 - 139,956 106,482 650 107,132<br>**----- End of picture text -----**<br>


## **5) Grant-making activities** 


**----- Start of picture text -----**<br>
2024 2023<br>Bursaries - 600<br>Total  - 600<br>**----- End of picture text -----**<br>


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## **THE PARLIAMENT CHOIR FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** 

## **Notes to the Accounts** _**(continued)**_ 

## **6) Support costs** 


**----- Start of picture text -----**<br>
2024 2023<br>Administration  Total Administration  Total<br>fees and  fees and<br>expenses expenses<br>Charitable Activities: Musical Performances 11,916 11,916 9,664 9,664<br>Raising funds 3,405 3,405 3,221 3,221<br>Governance 1,702 1,702 3,221 3,221<br>Total 17,023 17,023 16,106 16,106<br>**----- End of picture text -----**<br>


## **7) Governance Costs** 


**----- Start of picture text -----**<br>
2024 2023<br>Charitable activities: musical performances  5,831 7,457<br>Charitable activities: supporting young musicians - 50<br>Raising funds 251 178<br>Total  6,082 7,685<br>**----- End of picture text -----**<br>


## **8) Net income/(expenditure)** 

Net income/(expenditure) is stated after charging: 


**----- Start of picture text -----**<br>
2024 2023<br>Accountancy fees  3,600 3,600<br>Independent Examiner ’ s Remuneration 780 864<br>Depreciation 400 400<br>Total 4,780 4,864<br>**----- End of picture text -----**<br>


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## **THE PARLIAMENT CHOIR FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** 

## **Notes to the Accounts** _**(continued)**_ 

## **9) Fixed Assets** 


**----- Start of picture text -----**<br>
2024 2023<br>Instruments and  Total Instruments and  Total<br>performance  performance<br>equipment equipment<br>Cost or valuation<br>At beginning of the year 2,400 2,400 2,400 2,400<br>Additions - - - -<br>At end of the year 2,400 2,400 2,400 2,400<br>Depreciation<br>At beginning of the year 1,200 1,200 800 800<br>Depreciation 400 400 400 400<br>At end of the year 1,600 1,600 1,200 1.200<br>Net book value at beginning of the year 1,200 1,200 1,600 1,600<br>Net book value at end of the year 800 800 1,200 1,200<br>**----- End of picture text -----**<br>


## **10) Debtors** 


**----- Start of picture text -----**<br>
2024 2023<br>Other debtors 6,973 7,535<br>Prepayments 16,861 4,851<br>Total  23,834 12,386<br>Creditors<br>2024 2023<br>Accruals  10,467 1,345<br>Income received in advance 24,757 225<br>Total 35,224 1,570<br>**----- End of picture text -----**<br>


## **11) Creditors** 

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## **THE PARLIAMENT CHOIR FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** 

## **Notes to the Accounts** _**(continued)**_ 

## **12) Analysis of Restricted Funds** 


**----- Start of picture text -----**<br>
Balance at Income Expenditure Transfers  Balance at<br>1 April 2023 between funds 31 March 2024<br>Dream of Gerontius Vatican Concert<br>Fund  18,570 54,688 73,438 - -<br>Messiah Fund - 2,500 2,500 - -<br>Beethoven Fund - 8,925 - - 8,925<br>Piano Fund 422 - - - 422<br>Young Musicians ’  Fund 2,456 1,112 - - 3,568<br>-<br>21,628 67,225 75,938 12,915<br>Balance at Income Expenditure Transfers  Balance at<br>1 April 2022 between funds 31 March 2023<br>Durufl é  Concert Fund - 125 125 - -<br>Vaughan Williams Concert Fund 100 2,522 2,622 - -<br>Slovenia Concerts Fund - 9,824 9,824 - -<br>Dream of Gerontius Vatican Concert<br>Fund  - 18,750 - - 18,750<br>Rehearsals and Study Day Fund - 125 125 - -<br>Piano Fund 422 - - - 422<br>Young Musician ’ s fund 710 1,746 - - 2,456<br>-<br>1,232 33,092 12,696 21,628<br>**----- End of picture text -----**<br>


Income for the Young Musicians ’ Fund is raised from donations for programmes at the Choir ’ s concerts. The cost of producing the programmes is borne by the Choir so the whole amount of donations received go to the fund. The income of  £1,746 in 2023 includes £489 raised at a joint concert with the Bar Choral Society. 

## **13) Analysis of Charity Funds** 


**----- Start of picture text -----**<br>
Balance at Income Expenditure Transfers  Balance at<br>1 April 2023 between funds 31 March 2024<br>Restricted Funds 21,628 67,225 75,938 - 12,915<br>Unrestricted Funds 45,949 73,250 72,925 - 46,274<br>-<br>67,577 140,475 148,863 59,189<br>Balance at Income Expenditure Transfers  Balance at<br>1 April 2022 between funds 31 March 2023<br>Restricted Funds 1,232 33,092 12,696 - 21,628<br>Unrestricted Funds 63,939 81,973 99,963 - 45,949<br>-<br>65,171 115,065 112,659 67,577<br>**----- End of picture text -----**<br>


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## **THE PARLIAMENT CHOIR FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** 

## **Notes to the Accounts** _**(continued)**_ 

## **14) Trustees** 

The total amount of expenses reimbursed to Trustees in the year was £2,834 (2023: £854) 

Membership subscriptions and ticket sales made to Trustees were on the same basis as to other members of the Choir. 

None of the Trustees received any remuneration (2023: £Nil). 

## **15) Related party transactions** 

The aggregate amount of donations received from trustees and related parties during the year was £3,632 (2023: £8,167). No conditions were attached to these donations. 

There were no additional related party transactions other than those disclosed in the Trustees note above. 

## **16) Employees** 

The charity has no employees (2023: Nil) 

15 

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