Charity number. 1093455 Company number. 4463793 THE LONDON PHILHARMONIC CHOIR (A COMPANY LIMrrED BY GUARAKfEE) TRusfEES' REPORT AND UNAUDrrED ACCOUNTS FOR THE YEAR ENDED 31 AUGusf 2020
THE LONDON PHILHARMONIC CHOIR (A COMPANY LIMrrED BY GUARANTEE) TRusfEES' REPORT AND UNAUDrrED Accouiirs FOR THE YEAR ENDED 31 AUGusf 2020 CONTENTS TrL&tt< annual Balano io Notes to the ntS li
THE LONDON PHILHARMONIC CHOIR (A COMPANY LIMrrED BY GUARANTEE) TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 AUGusf 2020 The Trustees of The Lontkn Phi[harmn ChcAr Cthe Cholff) a the dior$ for the PUfFoses of the Ccmpanies Art 20C6 and are Sed iD prewrt the rrf(rt and acownts ts the year end1 31 August 2020. The unaudital finCial strtats prrj in with the actrAntirwJ Fob(ie5 s& out in I ID the ac(ounts, and (nY with the OKxrfs a1 Artths of AsiatIC, C(Nnpanies Act 2CQ6, the Charrbes kt 2011 and Accotrt]ng aTrJ by Charrtjes.. stateffrt of RLYommerKI8J PractKe appI1(ab to charrtt.es prepBriThJ their accounts in accordan with the Finandal ReForting Stsndard a[?bIe In the LK and ReputlK of ]lal effecti¥e l January 2019 Cthe Charityes SORP (FRS 102)?. OBJEcfivES AND Acrz¥rrIES The Cfv)1rfs princwal Im arKI cèJecU¥e Is b tKe, Iryirn. devd(y and maintsn aducat In the appreoath)n and knovrtedge of the ort and of MUSK by the presentstic#) of t41C cOfirts. In order to achEve this, CFKSr gives oloFd FrfOMn, prinopally but exdusNely, In assc(otSJn with profes901 on,. rt alg) pr organises andlor FerfOrn in other ojknral arKI Jucational attivtties rdevant to the study and aFprec53tion of ffSC, aThJ undertak£5 sh ottrr thiThJs in fvrtherdn of its obie£bves, whtth are c(¥kJucive or in(idemtsl thereb). Memter5hip of the Chcir is suwt io aU(rit initialty and on an cngoiro bags, to malrrtaln the Choirfs high stsndards. Audthns are OFen to all and are rth requireJ to an annual subscriptrjn. The th)ir affords nlber$ the cwNttJnlty to hear aTrJ perftHTh togetlw tD a w hhjh 4aTrJard and regukirfy Fwf0M with vn)rkl dass mjuct0rs and (x(h&ths at putJic In the UK aThJ abroad. The CtK¥r has a current rrmibership of arcxjnd 300 singers but the numiEts perfoming on any given ¢xi3wn vary Cor{Mng to the ¥Enue and IEFrtc4"re conc. In ation to large s(ak OYKeJts, prnrreS a giw in venLts whKh tKrth extends the audi txi aFK1 giv nbS a dn to exth and In different The Choir al engages in revant d)artty and aducalional adiwbes in fvrtheftrKe of its obj'ectives. The Chc¥rfs purtwes are for the public benefft and the Tru ha referred tr) Charity Ccfflmisson'5 genernl guidan PublK Eaefit indlij tre guidan, "Public knefft.. RunnirwJ Charity {PB2)" when revbewing the alm5 aThJ of tharity aThJ In tlannlng fijre acuvitss. ACHIEVEMEIITS AND PERFORMANCE The CIK)irfs 2019-20 Sea gx off to a Lw arKI exotiThJ start with a ¢rforMan * the 2019 BBC PronLS at the Royal Hall, along seNEn othw thlys, EuroFean tvemth of John Luther P•Yarng the nan of the Eath. This was (cAWl by six concerts akJno9de the London PhllhaThrKm Orchestra ("Lp0 at the Royal Hall duriNJ Aubjmn of 2019 and January 2020. Ihe5e conrtS Induded Verdi's uThJer the t8ton of Edward Gardner, garf$ AwstÈsunder iton of Maityn Bftbtmns, Walton'5 8etsh&7arf5 F&7k under the toton d Marin Ajxy, and Ple¢S Sev Teneb wth FOU,$ Ra7uwI conductsl by Bertrand de Bllty. The and alto volces al fr)[r in Ft45ts' Pknas under the baton of ThonHs k1es. The Choir was delight8Y to ijin force5 with the Lon¢)n Youth CtrKdr a5 tly yJin8J Us for a perfOrnn of Mahlerfs S?honY No 2 in concert featuriThJ Cdin Matth. the baton of Vkjjimir JurobyskF. AdditDrolly the Clb)ir joined the LPO In TrI1j5, induding Vlath'fftr Matyiorfs UILW, alxj conducted Vladi¥r Jurowskt.
THE LONDON PHILHARMONIC CHOIR (A COMPANY UMITED BY GUARANTEE) TRusfEES' ANNUAL REPORT FOR THE YEAR ENDED 31 AUGusf 2020 In addraon to the range of mre '$U5, ck55Kal c(yKerts, the (l0r ds) perforTrd In concerts and rdirj5 dung the year InNY)Iving mre tryufar daSS and Tpts. and rnuc for festive pthj. The Choir rega5 O)ese as an ImF#Jtsrt addjtrjn to its 0)ra¥rE as tr a alvrdys very well re adll )Uld Tr)t te attracted to the fryrrEr e of COnrt and who often a new Inte in dassol music thrOh heanThJ w)ular ar[& Concats of twlar dassts and festive slc are always greatsy enjoyed by audience and CM"r nBnbers allke. The latter of sea saw (Iff11t5 fLY the fttMng arts In gEnwal, as concert halls arKJ other venues do1 as ttE rtsult of the coronavinjs (COVID-19) pandemlc. The Chcmrfs nne1j Ilve conrtS and engagenEnts for tst pen"1 with the LPO and ottET orthe5tras were can(dl8J. The c1r has thetr) fcKusl on rdl and virtual perfc¢ns drir thls ktter brlngirNJ muslc app.atn to ze0b on-h'ne adkn. Vlthl pthrftpn incl11 Poul Fintham's Awen, twnkra1 by the CIKJir at the muse in 2018. in cdebrtion of Mhjsummerfs Day. The Ch(M'r S contlnued engage Iwth memter5 thwh regular Wrt71 lEarSalS and nberShip events. The th)ir has ff£intsinoJ a Str(g rFthtshlp base durfiNJ the and has Contonj to f(MJJS on market(ng and recruibwit. rentlon of nBnbers. IThlivKluals seekn'ng to pon the Choir are welcmd at a trial relr501 and enoTa to audrt, with audrtions continulng to tske pla rgmcrtdy. Applicants for auditk)ns cfft frcth a wkle range of tkickgrounds, arKJ include young slngers who want to devekw th'r intere in choral mus. as wdl as SC Trfft eXpeere gnge k(ng to Mden thar reFert're and een Und the gUan of the Chol$ ArtSsVc Dlrertor. Tr Ch)ir affords tterr the OprtUnIty to eni)y pwforyring Ydl known pe5 Wsth Y[kI dass ¢ychestras U[er the derse dI110n of vK)rld das5 (Dnduciors, and ttE chal of expbriThJ new or I known vLwks. FINANCXAL REVIEW During the year Incon frThn (kat)n5. charitable actvli5 arKI investrpnts arrKJunteJ to £81298, Increasal from £65,264 for the Itar 31 August 2019. This increase principally rellts Increasal InoJThE frcm ErfOnanceS grven, rtIallY Offr by a r&JUttn in trr inccm £yndIre on charitsL aLtwtts aThl £Vernan costs for the year amurtsj to £68.615, an IncTease fr¢ £61,742 for the year end&J 31 Augijst 2019. Thls rellts an incTea5e in the d1 o)sts c( rerf0rrFmin given and other costsi partialty offset ty a rlucts)n In Costs. The irKJeasexi ve1 of inc4Jrne frcrfn f&s aTrJ in the current re the dIffent mix of corKerts arKI (orrert rerertuire as axrVar ith year. The n& Incon for the year and rrThEnt In fuThts anted to £12M3 (2019. net incane of £3,522). The balan of funds, bvhKh re all unre#ricted fvnds. stLXJ at £142.087 at the balan s date (2019: £129,404). The Tnth a [X)nsIble for tts ff¢na0nt of ri5k5 fatyl by the Cholr. They consider that rr¢Jor risks are that the le of Chjlr ntrShip and starard of rforManceS given is m31ntsined, and that fe&wrwJ FWf0rTron cyp)rtunrt]"es for the ChoFr are rK)t avathble and have tsken p5 to mttige eXpMre tn these rlsh5. They are continulng tD fc(us on rrt and retenljon of ryEmters and nNAlntrinirKJ hhjh pthnAin SkThtsrds, and maintsining and develcpi rdatN)nships wth or(hestras and to wovhje pUfOrTren oprL)rtunrtie5. The thoir has adapts to the charwj drCumStsn during ktter part of the year by ur¥Jertaknng recorded and vfrttjal perf0mnces, and retrrte r15, auditions and rrtr e¥ts. The TnJ< is to b) hohj a minlmum of £90,(tyJO in funds as free rerves, trj e[kib trE CfyJ"r to futMI a numkr
THE LONDON PHILHARMONIC CHOIR (A COMPANY LIMITED BY GUARANTEE) TRusfEES' ANNUAL REPORT FOR THE YEAR ENDED 31 AUGusf 2020 of concerts and Onn9 ccsts dwing Wtr fe&paying certs Thoy nct be provid8J by PLANS FOR FimJRE PEAIODS The Cholr had an excttlro arnj schthfe of corKyts ryglts pknn&1 for the 20221 se39)n, Indudlng éght o)nc&ts with the LPO. Fbyye%er, with cororowrus (COVID.19) restrittions In place. tISe concets and engagwents ha teen nC1. The UKir has nev&thekn undetsken several rerded and v7ffjthil perf0mpn, Iluthng PAchmanlnoffs rrfithng Workj H¢)metess Day in 9JPtX)rt of IK)rth dTty. The Page. The Clhir is malntsbnlng ewagerrErt wlth though rvJukir vird471 relrSalS a1 Irthip ets, arKI COntrn to 7kn new The coronavlrus (cov119) parthimc ha5 iwht Inio sharp f(us the signt[tsn of the pwformlThJ arts, and ffluslc In partlcuLar, in Ir daity INes and ts irwrtarKe for heath aThJ hellteing. The ¢r k5 forward to beirMJ able to rttum to kntng in front of Ilve to briThJ the th)y and healiTra ers of li thoral twgc intD art halls and venues again. and e5pe(iolly to terformlng the Lon(k)n PhllharyrKsnt iknestJa at the Royal Festival Hall. The CIK)ir Kis conductsj risk a55e55ments and has pkns Sn tAe to retum to in.rson reheaFals and IrfnCeS when it is safe and aEproprkite to do 9), and WEII 0)rrtIn to erw in vlrtLo1 èrJ tr¥ie5 in ttE nant1. The to m31ntaln a1 <thh¥) relatth[p5 w6th orthe4Jas and IKcmTrkn, and to ftxS on rrtment aThJ retenticn crf and nBintsiniru hlgh refonrorKe st3rthrd5. The aWr has rAans for a and dl%fJse 2021.22 ws(x) IndLKling wlth the Lo PhuhanrIC Ord. srRUCWR4 GOVERNANCE AND MANAGEMEiir The CMr Is a Charrt3tde ty its ttsTh)rnrMlum a1 Artjdes of AS• dated 28 Iwil 2014 arKJ is Irtl ty guardntea The Ch)Ir Is n[e by a c(¥Fwnth of n, WIK) fijlffl sEB]fic rc4es 05 derIn time to thr. AJI of Corltht nrS a tJustees and di of the ctr4ititae c(xnpany, Comn¥Ltee nwnters are elected to the 0Ittee ty Choir merr$, and apiKX'nted as trusts and di, at the Annual Gg)eFal MtirKJ, to hcld Offi for the perKMI of one year. In the event of a trustee Signi[vJ id.year. a rcemt nkiy k ejtsj by ffembers, or apEKxntal by the trustees. to hokl Offi until the fcAlowing AGM. The coninottee jn$ Offi at eath AGM, an¢J all ([nIttee are elKJlble The C1rf5 Artistic Ditslor and the piano oNan15t retsive fees in ther profesgonal capaoty from the CPL)ir. Clh)tr lLEtS who are not trust ly0de hdp and as9slan wjth the day to day runnlng of the Chclr. No crrnittee ter or Chr is renwneratsd by the Chjr, Imht exFendlture Inrre by comnNtt or ottw Chjir in fijlfillry thefir ()IatM5 to ttE CIK)ir w I mbursed. and Artides of Asxmiation. rmst rt siattrtory accounts arxl NnuteS of COThree nRdiws. and a fompl harthvw trkes pl wlth tr fcKrw hc4(r of their F4)5t. Infom1 tsalning and inth(li( Is provkded to new memters ty exisb.ng cL¥rrfn6tt& nBnber5 on an on9)ing basis, aTrJ partulady duriThJ the flr5t 51x rrt)nths of Imr ap[ofntyL
THE LONDON PHILHARMONIC CHOIR (A COMPANY LIMrrED BY GUARANTEE) TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 AUGusf 2020 REFERENCE AND ADMINIsfRATZVE DETAILS Chaylty no: 1093455 Company n(K 4463793 Hln(le str Mettthlst Urch 19 Thayer stred London WIU 2QJ For and on tehalf of Mth)re ngstOn Smth LLP Charterej Accouniants De$hi 60 rs)511 Road LLth ECIM 7AD Martyn Atklns Te55a Ba Bethe3 HansoTrkne5 Martyn Athns Katharirt Bènkemship sUrt Thcm85 Jennifer Cressw Rachd ToEtham Chalrnmn (Ttrak¥K)int&l March 2020) Ch(xr frts9er (re-aFwint8J Marth 2020) HorYJrary 5ffttsry (aIntl Mard) 2020) Ho[ary Sary [99rd Marth 2020) HOrlary Treasurer (r&aAJ)intoJ Marth 2020) Marketing rger (a[Ints March 2020) Marketing nager (resgwj March 2020) mJ1p CorfKdlWr (rwkwinta1 lQirch 2020) srATEMENT OF TRiISTEEY RESPONSIBILMES The tnjstees (who are also dir&bNs of The LoFMtr)n PNlhamx)nK Chir for the pur[0 of ccKntiany law) are re5Pffi5ible for the Trustees, Rel the finanoal ststements in accordan wlth apkllcabte law and Unried c¢th9 StsrKlards (Unlted ianLthn New Cmaally knep[ Lcounb"ThJ prad1.) C(xnpany law requi trustees to wepare financial staienents &ith finarKial year whith glve a tn and fair of the sw of the affa.rs of the tharIke CLThpany and of the incoming re$cwr and ap[SIc3n of rU, indudng the Incoffe a1 expenditure. of dntable cc#npany for that [. In prep3ring the financi y2turts, tn are ts): obswve the nths aNI ryinci in the alab Chartves SORP; make JuthJtsts arxj estynats that are wsornib and w¢knL' state wlthr apFAficab UK ACntij 93nthrds have fdk)w&1, any tla1 depath dlscbsed arKI eypklirtsJ In the finarKlal statvwts; prepa the finanaal Staten on grAng concern t"S unkn it is Inawioprote to that the chantatle cOY wlm Contin In buynes&
THE LONDON PHILHARMONIC CHOIR (A COMPANY LIMrrED BY GUARANTEE) TRusfEES' ANNUAL REPORT FOR THE YEAR ENDED 31 AUGusf 2020 The tW5tee5 a resrongbÈ for keeplng prcfer Kcountr"rvJ r5 that dlsck)se wlth rea9y)ab accurdcy at any the financial kN)sllkni of the tharttatje C(xAnY and ble to ensure that the financ4?1 statwwts ¢tty wlth the cn[n6e5 kt 20C6. Try a alg) reswn9bÈ for saf83uardlng the assets of the cttarltsb hen for tskjng re3sonabk 5tw)s fw tre [meitn and dttection of and irrgJulartie> Thls reFQrt and urkiudi1 accounts have wer1 In accorda wlth the spgya lS7on$ of Part 15 of the covanES Act 2fJ]6 rati to 11 c(PanIeS. with nanCIal ReForng Stsndard applicable in UK and RepuLthc of Ilall efects Januory 2019 (FRS 102> aThJ wtth the Strtert of RfN[rwO1 Practi apklicatAe to dritIeS prear4j treir acawnts in accordan with the Finanaal Retorfj'ng Strndard in the UK arKI Repui4ic of Ireknd efftive nary 2019 fft Clk4rities SORP {FRS 102)?. (kn berolfof the PA13rd of Twstees Susan Thomas FCA CTA Lor PhllhanTr)nt CLJnpany linityl ty guar3rt, CLryany nmtrr 4463793 2oLI
THE LONDON PHILHARMONIC CHOIR (A COMPANY LIMrrED BY GUARANTEE) INDEPENDEKf EXAMINER'S REPORT TO THE TRUSTEES OF THE LONDON PHILHARMONIC CHOIR CTHE COMPANY? I rem to the dkii1ty tm51ees my exarNnaUcm of tr ac£ourts of ttE Conpany for the year end1 31 August 2020. Rtsp(M1llitl5 and basis of As the thafWs tnjstees of the Cunpany (aThJ a19) tts for the pUr[m of ccthparry law) you a restonsib for the pretfjrath)n of the &COts In (oon 1th the Nulwnts of the CthnpanS Att 2006 Cthe 2006 Att). Having sabsfi8J Mlf that the a(cnts d the Cryany are nct required to te authtgj under Part 16 of the 20(6 Att afj a elKJible for independt examinathjn. I repjt in resm of my examlnation of your chari5 accounts as cand out un(kr section 145 of the Chartbe5 Att 2011 Cthe 2011 W. In L?Y7[j out my eJaminathJn I have f101 firFth)ns by the Chaiity CIyMMS5ion sectic 145(5)(b} of the 2011 PLt with the rrIltI glng cause tD (l) accwntlng wjnts we nct In w of the Co)yry as dNJn 386 oftr 2006 Ptt. or (21 the acc¢Ints 6) acco with those r5. or (3) the acccwnts (h) comF4y with the accounkng RoulraiBts of s&tKm 396 of 2006 Act other than any wuirernent that the accDunts fair vle41 wPKh is not a nr conSKler&Y as part of an indewdent exam1nat1f. or (4) the accounts have nct parj Hi accordan with the nEtlb)ds arKI of the I have 0)nrn$ and have o)rt acro55 m (her nwtler5 kn connecticfi wth the exanlnatIc to whfith attent1 StrK) be dFawn in thls rqxyt in ijrder to etwlje a worer uthstsnding of ts acc(nts to K, ruL L(t James Cross FCA DChA For and on behalf of Moove Kli415kn1 Smlth LLP Cevon5hire Ftmjse 60 GO[ Road London ECIM 7AD 26 February 2021
THE LONDON PHILHARMONIC CHOIR (A COMPANY UMrrED BY GUARANTEE) srATEMEKf OF FINANCIAL ACTivmES (INCLUDING INCOME AND EXPENDrruRE ACCOVN FOR THE YEAR ENDED 31 AUGUST 2020 2020 2019 Unrestrlcte4 Fun¢ts Income and Endofftwts fvom:. loo 80,070 ¥128 Charltabk artNirfces Investhnts 63.917 1.347 Totsl Income 81,298 65264 ExpeThliture on:. ChaTtsbfe acbvtE5 6$615 61,742 Total Expendltsre 68,615 61,742 Net Ino)me for the year and net movement In funds 12,683 3,522 Totsl hnds bmught forwavd (all Uftrastritt funds) 129,404 125,882 Totsl fvnds Carri forwdrd (all Ynre$lrk funts) 142,087 129,404
THE LONDON PHILHARMONIC CHOIR (A COMPANY UMrrED BY GUARANTEE) BALANCE SHEEr AS AT 31 AUGusf 2020 2020 2019 rrent assets Stock of music and for resa L378 1,399 40,000 103,935 2,180 18,296 30,C( Cash at ba arKI in 14irKI 146.712 149,474 CreAitor5: am(JJnts folliro wrftun year (4,625) (20.070) Total net assets 141087 129,404 nds rethctsy 141087 129,404 Totsl dwrty funds 141087 129,404 For the year e 31 ALWJU5t 2020 thaiitsble oJ)wany was to eXen und¥ Sects)n 477 of the Conpanks Att 2CVJ6. No no to the dIrtrS uIrt) an Ikis teen detb)st8J UfKler 476 of tre Cc¥npans Att The dirpLtors acknowbjge thekr N111t1e5 ts: (i) surlNJ trot rtolitsble coThyany keeEs actourrtiNJ reoyds whlth o)mpty vath SeCuc 3ei> ofthe CoyikNinles Att 26. arKJ (il) prepariNJ firk2rKJal 5(atnts whth and fair of the 51ate of affalrs of the charitstle c¢ynpany as at the end of the finarKial year, and of its irKorr and expendtture for tr financial ytsr, In accordan wrth the r&tuirerwts of SettKsns 394 and 395 and whlth conply with the r1rts of the Contk4nEs Att 2C(96 ting kn accounts, far as appllcab to the dwrltable c(ryany, The acc(xJnts have prepared wi accordan w6th tre s[e0 prrNIsKJns relatlrvJ to 9naU c(xrwanles wlthln Part 15 of ts Ccthpanies A( AuthtyiJ for iwe by the iThrd on 2oLI and slgn&d cffl Its tehaff try SllFan 71Jom*FCA cfA 10
THE LONDON PHILHARMONIC CHOIR (A COMPANY UMrrED BY GUARANTEE) NOTES TO THE AccouKrs FOR THE YEAR ENDED 31 AUGusf 2020 l AccountiwJ pollcles a Ba5 of tparat)n The aCcnts ha iren EXared In a(£(Nda wth AcClntIng and Rep)rVng by CharitE5.' ststwwt of RndaY Prattice ap[Aicab to tharities prer&iring th8r acmunts In COnjan wlth the FinarThl Rerting aN)IKab in the UK and Rewblic of I4 effective l January 2019 fthe ChartÈs SORP (FRS 102)?, and the Financkl ReF¢JttwJ Stsndand applicab In the UK and Reputdlc of Iranj effectNe l nUary 2019 fFRS 102?. The financial sktwts are prePad in lij which is the fijndional cunency of the company. Jrthry affnts are r(wnded tD the neaSE )und. b &)1 corKem The Choir has adaptsl to the dk7W enVircnrrt arnl raluced o[WnitieS for the perf0mWn of thryal music during the latter of the fvir, brrwht alm by colcmavirus (COVtD.19) P3Th1erriG ty ub"lisiThJ wirttja and rarrte perforff4ince and hirSal methcKJs. The Trust con9der that aUdIceS and cho'r rrEmtvs a keen to retum to Nve nS of chordl music, and there re pkns in for the ChcAr to It Is safe and appwiate. The Cholr is maintsiniThJ gaggrtht wlth Ots wnerShip base, has ggnfficant unre5trthJ reserves. Trust are 53tisf with the CIM)irf5 atx.lty to o)nlinue as a concern a1 the accnts ha teen pwared on the conrn ba&s. c Irmr Enc( is remgnlsed when irt is Inc tsx rble on ald donations Is rCjnI5ed with the natkn to which ft relate& Intwest on tmnk dem Is as Irm fr(m invethents a recetvaEle t4isis. Se donated by Trusts and othw Ch(k ThntEr5 a5 UnteerS have rM)t bew rectsJnts&1 as eth& incoffe or expd¥Jiture as the Trns&s ljot the otrIbutk)n tsnnrt iE mea9Jre rel4ibty or Und o)st. Expendlture AN exp&iditiJre is accoun1 an (Tual5 tmsos and has tr£en da55rf under headings that aggr8Jate all costs relatal to the categ(wy. As the tharty has only one charrtst4e actsvity, all supp)rt constytuthjnal and ststutyy rquireThn TransactK)ns in fefvJn ajrrencies i[KJud in the statarent of financial acbts are trdll51atal irto sterfing at the exchanoE rate ruling at ttE date of the tsBnsact•Jns. Assets and Irabililjes denonmnated In (0gn cue5 are tsBnskt&1 irto sterfing at ckn&"ro rate5 at the balan sheet date and exchange drfIaCeS are InchJdeJJ in the statrt of tharjaI alrvilies. The Choir hokls sdettai mustcal Thes for f0mres and for sale to thoir rrffiIbe. Members are Uired to purchase MUSK folders ts use durfng perfn and a stcKk of these, and s**ed IKmXKJnal is hdd ty the thirity. CkJsOng stocks refth at the lo ol hiyiirioj cost and reaSable val
THE LONDON PHILHARMONIC CHOIR (A COMPANY LIMrrED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGusf 2020 h Tay3 The drity Is e¥eryt from tsx on and aains falling within S 46&493 of the clati)n Tax 2010 arKi s 256 of the TaxaC of CtswtAe Gain5 kt 1992 to tr extert these a applÈd to bts dsiritabie tAX CthiNJes in ctorty. Cribol estirykites and JudgrEnts In prering the finan(ial sten Th) ]utyts or esti5 were requirql that Kwkl have a signlfiont efft the awrfjunts InIs81. j Finandl instrunEnts Cash and cash 8JuNalerts Cash and cash 8]uivatts indude cath at bank5 a1 In haThl and tgm dw>ts with a trotyrity date of thr nKJnths less. Debtors aEdtiors LbtDrs and CrltorS recelvatle Ix payabk wlthth one of Its fEPJrting are at th'r tran>thon price. 2020 2019 506 60,040 2,020 Tr Inccffle &564 80,070 63,917 12
THE LONDON PHILHARMONIC CHOIR (A COMPANY UMrrED BY GUARANTEE) NOTES TO THE Accourirs FOR THE YEAR ENDED 31 AUGusf 2020 3 Expenditure an charftsble actmtles Dirttt Support Totsl 2020 2019 57,275 8,975 66,250 60,324 Ch(xr CdUtt01s and ACONnnl5ts Ham Hlre 36,534 16,878 28,156 15.323 Musr C(6ts Trdvd t(MJr c(sts 925 73 57,275 5,127 1,903 51,009 C)vernan element 2020 nan element 2019 Totrl 2020 T(al 2019 AGM ccfjts Bank tharges aThJ inter Chtir wdfare lThjekdent ExJninerfs f Insurafft and sut)scrikrtxThs mng and prtyn(thn MISlanjs exSe5 MUS I)rary c(sts 345 258 350 1.959 2,325 558 2,350 2,325 125 13 251 321 8,975 2,350 9,315 2,683 2020 1,065 &300 1365 2019 1.418 Must aKI rekttrj prrxluLts whirj 1.418 Total C(ffjts £ 68.615 E 61.742 DuMThJ ts year a (ksnatK]n of £1,2LYI vos to the Loth Ywth Ct4nts xholar5hl) fund, and £l(M) b) the Royal Festyv Hall In of a frn ft7ber of Lond FthiIhar0n CPKir. 13
THE LONDON PHILHARMONIC CHOIR (A COMPANY LIMrrED BY GUARANTEE) NOTESTO THE AccouKrs FOR THE YEAR ENDED 31 AUGusf 2020 The eJnpbyEes pr. Tfustees, WIK) a con9det&l to LE rnanag8nt per9Jnnd. a1 ots Chr terS In the day to day mnnirKJ of the (Mir give thelr ttme for fr&. e of t trust rmed remunerathjn duhng the year. Endthre Inw[r ty trust and other C)Ir nBntws in fvIfiMing ther 01419at5 to clfr rroy 1jurS&J. During year tTUStee Y5 rMlsed wenses Incurrej for travd totslling £207 (2019.. tvA) trust were ranknrl for tr1 and sUbstste tctallNJ £85). Tn engage CIK4r actmues on the sarre tws as otter rrmtss. DuriThJ the year I (harity no Ihjnatbms frcffl trustees (2019.. the charlty rei¥&I rK) O)nations from tJustees). Th&e laj party transadions requiri disdosure dung the year. 2020 2019 TJ debtors Prepayffthts and Kuuay Inco 1,145 17,236 ¥399 18,2% rraje and ots debtors e rnIsl & the sdtbnwt mnt du& PrepaYrnts are valu8J at the arrKJunt prepaNJ. Indud8J In the atove a firtal ass of £l,CK13 {2O19.£2.S). 6 Investments and Gish at bank and In hand InNestJMts (orry)rise iwnk dew)9ts with a matyrlty of kn than one )ear frrt the balan sh dats and are valuéj at the lISatIe arTr)unt at the balaft #*et date. Cash at LBnk and in haThd CLvnprtse5 osh bank {les$ held to slw)rt tenn ccvnmifftnts are Yalued at the anKwrt of cash hehj. 7 Creditors 2020 2019 254 19,816 4,625 4,625 20,070 Cr8Jitors m&1 at sdyeffet arTr)Jr In at ae fir4?01 liaknlths (I £4.625 [2019.. £1916) 14