Royston Choral Society
Financial Accounts
for the year ended 31st July 2024
Registered Charity Number 1090459
Royston Choral Society Financial Statements for the year ended 31st July 2024 Trustees' Report
Committee Members
Huw Jenkins Chair Jenny Leitch Tessa Rock Caroline Franks Treasurer Heather Howard Carole Kaszak Andrew O'Brien Musical Director Penny Morgan Sue Pegram Secretary Fay Skinner Part Representatives Brigid Hickey Soprano rep Chris Lee Tenor rep Sue Pegram Alto rep Anthony Pigg Bass rep Address c/o Mrs A C Franks 74 High Street, Standon, Herts SG11 1LB Bankers Lloyds Bank plc Independent Examiner Tom Furnival
Accounting Policies
The accounts are prepared on a receipts and payments basis with a statement of assets and liabilities.
The charity maintains a general unrestricted fund representing unrestricted income that is expendable, at the discretion of the committee, in the furtherance of the objects of the charity. Reserves are held against losses incurred from time to time in performing large scale concerts.
Governing Document and appointment of Trustees
The charity is governed by constitution. Trustees are elected by members at the Annual General Meeting.
Objects and achievements
The object of the charity is to promote public education in and appreciation of choral music by the presentation of public choral concerts and associated events.
This year, we welcomed a new Assistant Director of Music, Jonathan Lilley, who joined us during the spring term. We celebrated Michael's time with us and said goodbye at a choir meal in January.
We performed four concerts in the year, all in St John's. In November, we sang Bach's B Minor Mass. Our Christmas concert was well received and in March we performed Verdi's Requiem.
In June, we sang Vivaldi's Gloria along with two pieces by Finzi, Lo, the Full and Final Sacrifice and God is Gone Up, Purcell's Rejoice in the Lord and some shorter pieces by Mozart, Mendelssohn, Brahms and Faure. Members of the choir sang all the solo parts, and we were accompanied by a string quartert. We were delighted that both our November and March concerts were sold out.
Our membership has remained strong, and we ended the year with 86 singers on our books.
The Hundred Club was well supported, though there is space for more members, and ten monthly draws were made for prizes of £25 and £10.
Our sustained higher membership has meant that our rehearsal account has ended the year in surplus aga which helps fund our concerts. Substantial grants received have contributed to the financial success of the season and we are reporting a modest deficit on our concert account, considering the ambition of our programme.
Our fixed costs are predominantly our Making Music membership and insurance, and rental of storage space for our staging.
Our accounts are prepared on a receipts and payments basis. This means that some of the income relating to last financial year (often the gift aid tax reclaim) appears in this year's accounts, and when we buy music for our library, that cost is written off completely in the year of purchase, rather than over several years.
The amounts due at the end of the financial year are shown on the statement of assets and liabilities. In the year to 31st July 2024, the accounts show that we received £4,503 more than we spent.
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Royston Choral Society Financial Statements for the year ended 31st July 2024 Trustees' Report
Our financial position at the end of the year is sound. At 31st July, our reserves, represented by our bank account balances, totalled £33,702.
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Royston Choral Society Financial Statements for the year ended 31st July 2024 Trustees' Report
in,
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Royston Choral Society Receipts and Payments Account for the year ended 31st July 2024
| Note INCOMING RESOURCES Subscriptions received Donations received Gift Aid tax - previous year Gift Aid tax - current year Income from concerts 1 Income from activities for generating funds 2 Music sold to members 2 Bank Interest Total incoming resources RESOURCES EXPENDED Rehearsal costs Concert costs 1 Music purchased Costs of fundraising activities 2 Management and administrative costs Grant to Royston Parish Church Purchase of chairs & podium Total resources expended NET INCOMING / (OUTGOING) RESOURCES FOR THE YEAR Funds brought forward 3 FUNDS CARRIED FORWARD |
Total 2024 £ 14,159 623 1,017 1,260 15,365 946 1,122 424 34,916 9,307 17,856 1,157 370 682 1,041 30,413 4,503 29,199 33,702 |
Total 2023 £ 12,050 251 744 12,801 918 768 128 |
|---|---|---|
| 27,660 | ||
| 6,991 11,094 747 369 344 1,000 |
||
| 20,545 | ||
| 7,114 22,085 |
||
| 29,199 |
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Royston Choral Society Statement of Assets and Liabilities as at 31st July 2024
| Note Bank Balances and Cash Cash at bank - unrestricted Other Assets Staging & chairs at cost 2006 & 2024 Estimated valuation Music library at cost Estimated valuation (depreciated at 10% pa) Gift Aid tax to be claimed Other Liabilities Subs received for next season Performing Rights payments due on season's concerts |
2024 33,702 6,029 3,000 6,140 1,486 4,486 120 120 |
2023 29,199 |
|---|---|---|
| 4,988 2,000 6,050 1,562 1,017 |
||
| 4,579 | ||
| 250 190 |
||
| 440 |
These accounts were approved by the Royston Choral Society committee on 06.08 2024 and signed on its behalf.
Mr Huw Jenkins (Chair)
Mrs Caroline Franks (Treasurer)
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Royston Choral Society Notes to the Accounts for the year ended 31st July 2023
| 1Concert Account November Tickets 3,273 Bar 441 Programme advertising Sponsorship & grants 3,714 Musicians & expenses 5,528 Venue 250 Publicity, tickets, progs 247 Bar 252 PRS for 2022-2023 6,277 Surplus/(deficit) (2,563) 2Activities for generating funds Hundred Club Hire of Music |
December 1,938 115 2,053 650 368 227 115 1,360 693 Income 820 126 946 |
March 4,423 550 1,750 6,723 7,455 369 241 148 8,213 (1,490) Costs 360 10 370 |
June 2,448 427 2,875 1,320 250 216 114 1,900 975 Net 460 116 576 |
2024 Total 12,082 1,533 0 1,750 15,365 14,953 1,237 931 629 106 17,856 (2,491) |
2023 8,201 1,225 345 3,030 |
|---|---|---|---|---|---|
| 12,801 | |||||
| 8,421 975 1,078 565 55 |
|||||
| 11,094 | |||||
| 1,707 | |||||
| 490 59 |
|||||
| 549 |
Sale of music to members is shown separately in the receipts and payments account. Cost of music sold is included in music purchased. In 2023-24, the society raised £125 (2023 £132) by selling music to members at RRP and obtaining bulk buying discounts from suppliers. In addition, we bought music consting £70 to be sold to members next season. We also spent £90 on music for our own library (2023 £112).
3 Information regarding Employees and Committee Members
There were no employees in the year.
Andrew O'Brien, as Musical Director, received payments during the year totalling £5,375. Other trustees were reimbursed for expenses at cost.
4 Related Parties
There were no related parties during the year.
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