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 di￿or$ for the PUfFoses of the Ccmpanies Art 20C6 and are ￿Sed iD prewrt the rrf(rt and acownts ts the year end￿1 31 August 2020. The unaudital fi￿nCial strta￿ts pr￿￿r￿j in with the actrAntirwJ Fob(ie5 s& out in I ID the ac(ounts, and (￿n￿Y with the OKxrfs a￿1 Artths of As￿iatIC￿, C(Nnpanies Act 2CQ6, the Charrbes kt 2011 and Accotrt]ng aTrJ by Charrtjes.. stateff￿rt 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 ]￿la￿l effecti¥e l January 2019 Cthe Charityes SORP (FRS 102)?. OBJEcfivES AND Acrz¥rrIES The Cfv)1rfs princwal Im arKI cèJecU¥e Is b t￿￿K￿e, Iryirn. devd(y and maintsn aducat￿ In the appreoath)n and knovrtedge of the ort and of MUSK by the presentstic#) of ￿t41C cOfi￿rts. In order to achEve this, ￿ CFKSr gives oloFd F*rfOM￿n￿, prinopally but exdusNely, In assc(otSJn with profes90￿1 on￿￿,. rt alg) pr￿ organises andlor FerfOrn￿ in other ojknral arKI Jucational attivtties rdevant to the study and aFprec53tion of ff￿SC, aThJ undertak£5 s￿h ottr￿r 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 n￿lber$ the cwNttJnlty to ￿hear￿ aTrJ perftHTh togetlw tD a w hhjh 4aTrJard and regukirfy Fwf0M￿ with vn)rkl dass ￿m￿juct0rs 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 IEF*rtc4"re conc￿. In a￿tion to large s(ak OYKeJts, p￿rn￿rreS a￿ giw in venLts whKh tKrth extends the audi￿￿ txi* aFK1 giv￿ n￿b￿S a d￿n￿ to exth and In different The Choir al￿ engages in re*vant 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 ind￿li￿j tre guidan￿, "Public knefft.. RunnirwJ Charity {PB2)" when revbewing the alm5 aThJ of tharity aThJ In tlannlng fij￿re 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 (cA￿W￿l by six concerts akJno9de the London PhllhaThrKm Orchestra ("Lp0￿ at the Royal Hall duriNJ Aubjmn of 2019 and January 2020. Ihe5e con￿rtS Induded Verdi's uThJer the t8ton of Edward Gardner, ￿garf$ AwstÈsunder i*ton of Maityn Bftbtmns, Walton'5 8etsh&7arf5 F&7k under the toton d Marin Ajxy, and P￿le￿¢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 perfOrn￿n￿ of Mahlerfs S￿?honY No 2 in concert featuriThJ Cdin Matth￿. the baton of Vkjjimir JurobyskF. AdditDrolly the Clb)ir joined the LPO In ￿TrI1￿j5, 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 '$￿U5, ck55Kal c(yKerts, the (l￿0r ds) perforTr*d In concerts and r￿dir￿j5 du￿ng the year InNY)Iving mre tryufar daSS￿ and ￿Tpts. and rnu￿c for festive pthj. The Choir rega￿5 O)ese as an ImF#Jtsrt addjtrjn to its ￿0)ra￿¥rE as tr a￿ alvrdys very well re￿￿ a￿d￿ll￿ ￿￿)Uld Tr)t te attracted to the fryrrEr ￿e of COn￿rt and who often a new Inte￿ in dassol music thrO￿h heanThJ w)ular a￿r[￿& Concats of twlar dassts and festive slc are always greatsy enjoyed by audience and CM"r nBnbers allke. The latter of sea￿￿ saw (Iff1￿1t￿5 fLY the ￿f￿ttMng arts In gEnwal, as concert halls arKJ other venues do*1 as ttE rtsult of the coronavinjs (COVID-19) pandemlc. The Chcmrfs ￿nne1j Ilve con￿rtS and engagenEnts for tst pen"￿1 with the LPO and ottET orthe5tras were can(dl8J. The c1￿￿r has the￿tr)￿ fcKus*l on ￿rd￿l and virtual perfc¢￿￿n￿s d￿rir￿ thls ktter brlngirNJ muslc app￿.at￿n to ￿ze0b￿ on-h'ne a￿dkn￿. Vlthl pthrftpn￿ incl￿1￿1 Poul Fintham's Awen, twnkra1 by the CIKJir at the muse￿ in 2018. in cdebrtion of Mhjsummerfs Day. The Ch(M'r ￿S contlnued ￿ engage Iwth memter5 thwh regular Wrt￿71 ￿lEarSalS and ￿￿nberShip events. The th)ir has ff£intsinoJ a Str(￿g rFthtshlp base durfiNJ the and has Conton￿j to f(MJJS on market(ng and recruibwit. r*entlon of nBnbers. IThlivKluals seekn'ng to pon the Choir are welcmd at a trial rel￿r501 and eno￿Ta￿￿ to audrt￿, with audrtions continulng to tske pla rgmcrtdy. Applicants for auditk)ns cfft frcth a wkle range of tkickgrounds, arKJ include young slngers who want to devekw th￿'r intere* in choral mus￿. as wdl as SC￿ Trfft eXpe￿er￿e￿ gnge k(ng to Mden thar reFert￿'re and e￿en￿ Und￿ the gU￿an￿ of the Chol￿$ ArtSsVc Dlrertor. Tr Ch)ir affords tterr￿ the Op￿rtUnIty to eni)y pwforyring Ydl known p￿e5 Wsth Y￿[kI dass ¢ychestras U[￿er the d￿erse dI￿110n of vK)rld das5 (Dnduciors, and ttE chal￿￿ of expbriThJ new or I￿ known vLwks. FINANCXAL REVIEW During the year Incon￿ frThn (k￿at￿)n5. charitable actvli￿5 arKI investrpnts arrKJunteJ to £81298, Increasal from £65,264 for the Itar 31 August 2019. This increase principally rell￿ts Increasal InoJThE frc*m ￿ErfO￿nanceS grven, ￿rtIallY Offr￿ by a r&JUtt￿n in tr￿r inccm £yndI￿re 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 rell￿ts an incTea5e in the d1￿ o)sts c( rerf0rrFmin￿ given and other costsi partialty offset ty a r￿lucts)n In Costs. The irKJeasexi ￿ve1 of inc4Jrne frcrfn f&s aTrJ in the current re￿ the dIff￿ent mix of corKerts arKI (orrert rerertuire as axrVar￿ *ith year. The n& Incon￿ for the year and rrThE￿￿nt In fuThts a￿￿nted to £12M3 (2019. net incane of £3,522). The balan￿ of funds, bvhKh ￿re all unre#ricted fvnds. stLX*J at £142.087 at the balan￿ s date (2019: £129,404). The Tnth a￿ ￿[X)nsIble for tts ff¢na0￿nt of ri5k5 fatyl by the Cholr. They consider that rr¢Jor risks are that the le￿ of Chjlr ￿nt￿rShip and star￿ard 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 mttig*e eXpM￿re tn these rlsh5. They are continulng tD fc(us on ￿r￿r￿t 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 perf0m￿nces, and retrrte r￿￿￿￿15, auditions and r￿rt￿r e¥￿ts. The TnJ*< is to b) hohj a minlmum of £90,(tyJO in funds as free re*rves, 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 On￿n9 ccsts dwing Wtr￿ fe&paying ￿certs Thoy nct be provid8J by PLANS FOR FimJRE PEAIODS The Cholr had an excttlro arnj schthfe of corKyts ryg￿lts pknn&1 for the 202￿21 se39)n, Indudlng éght o)nc&ts with the LPO. Fby*ye%er, with cororowrus (COVID.19) restrittions In place. tI￿Se concets and engagwents ha* teen ￿nC￿￿1. The UKir has nev&thekn undetsken several re￿rded and v7ffjthil perf0mpn￿, I￿luthng PAchmanlnoffs rrfithng Workj H¢)metess Day in 9JPtX)rt of IK)rth d￿Tty. The Pa￿ge. The Clhir is malntsbnlng ewagerrErt wlth though rvJukir vird471 rel￿rSalS a￿1 I￿r**thip e￿ts, arKI COntrn￿ to 7kn new The coronavlrus (cov1￿19) parthimc ha5 iwht Inio sharp f(us the signt[tsn￿ of the pwformlThJ arts, and ffluslc In partlcuLar, in I￿r 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 a￿￿rt 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 tA￿e to retum to in.r*son reheaFals and I￿rf￿nCeS when it is safe and aEproprkite to do 9), and WEII 0)rrtIn￿ to erw in vlrtLo1 èr*J ￿tr¥￿ie5 in ttE n￿ant1￿￿. The to m31ntaln a￿1 Thls reFQrt and urkiudi￿1 accounts have we￿r￿1 In accorda￿ wlth the spgya ￿lS7on$ of Part 15 of the co￿vanES Act 2fJ]6 r￿ati￿ to ￿11 c(￿PanIeS. with ￿nanCIal ReFor￿ng Stsndard applicable in UK and RepuLthc of I￿lall￿ efects￿ Januory 2019 (FRS 102> aThJ wtth the Strter￿t of R￿fN[￿rwO￿1 Practi￿ apklicatAe to d￿ritIeS pre￿ar4￿j treir acawnts in accordan￿ with the Finanaal Retorfj'ng Strndard in the UK arKI Repui4ic of Ireknd eff￿tive ￿n￿ary 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 end￿1 31 August 2020. Rtsp(M￿1l￿litl￿5 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 &CO￿ts In ￿(o￿on￿ ￿1th the Nulwnts of the Cthnpan￿S Att 2006 Cthe 2006 Att). Having sabsfi8J M￿lf that the a(c￿nts d the Cryany are nct required to te authtgj under Part 16 of the 20(6 Att a￿fj a￿ elKJible for independ￿t examinathjn. I repjt in resm of my examlnation of your chari￿5 accounts as can*d out un(kr section 145 of the Chartbe5 Att 2011 Cthe 2011 W. In L?￿Y7[￿j out my eJaminathJn I have f￿10￿1 firFth)ns by the Chaiity CIyMMS5ion sectic 145(5)(b} of the 2011 PLt with the ￿￿rrI￿ltI￿ gl*ng 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 r￿￿5. 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 n*r conSKler&Y as part of an indewdent exam1nat1f￿. or (4) the accounts have nct p￿ar￿j Hi accordan￿ with the nEtlb)ds arKI of the I have ￿ 0)n￿rn$ 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 dIr￿tr￿S ￿uIrt￿) an Ikis teen detb)st8J UfKler 476 of tre Cc¥npan*s Att The dirpLtors acknowbjge thekr ￿N￿￿111t1e5 ts: (i) surlNJ trot rtolitsble coThyany keeEs actourrtiNJ reoyds whlth o)mpty vath SeCuc￿ 3ei> ofthe CoyikNinles Att 2￿6. arKJ (il) prepariNJ firk2rKJal 5(at￿￿nts 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 r￿￿1￿r￿ts 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( Authtyi*J 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 Ba*5 of t￿parat￿)n The aCc￿nts ha￿ iren EX￿ared In a(£(Nda￿ wth AcC￿lntIng and Rep)rVng by CharitE5.' ststwwt of R￿ndaY Prattice ap[Aicab￿ to tharities prer&iring th8r acmunts In ￿COnjan wlth the FinarThl Re￿rting aN)IKab￿ in the UK and Rewblic of I￿￿4￿￿ effective l January 2019 fthe ChartÈs SORP (FRS 102)?, and the Financkl ReF¢JttwJ Stsndand applicab￿ In the UK and Reputdlc of I￿ranj effectNe l ￿nUary 2019 fFRS 102?. The financial sktwts are prePa￿d in ￿li￿j which is the fijndional cunency of the company. *Jrthry aff￿nts are r(wnded tD the nea￿SE ￿)und. b &)1￿ corKem The Choir has adaptsl to the dk7W enVircnr￿rt arnl raluced o[W￿nitieS 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 ￿h￿irSal methcKJs. The Trust￿ con9der that aUdI￿ceS and cho'r rrEmtvs a￿ keen to retum to Nve ￿n￿S of chordl music, and there re pkns in for the ChcAr to It Is safe and appwiate. The Cholr is maintsiniThJ gaggrtht wlth Ots w￿n￿erShip base, has ggnfficant unre5trthJ reserves. Trust￿ are 53tisf￿ with the CIM)irf5 atx.lty to o)nlinue as a concern a￿1 the acc￿nts ha teen pwared on the con￿rn ba&s. c Irmr Enc(￿ is remgnlsed when ￿irt is Inc￿ tsx r￿ble on ald donations Is r￿C￿jnI5ed 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 Th￿ntEr5 a5 ￿UnteerS have rM)t bew rectsJnts&1 as eth& incoffe or expd¥Jiture as the Trns&s ljot the o￿trIbutk)n tsnnrt iE mea9Jre rel4ibty or Und￿ o)st. Expendlture AN exp&iditiJre is accoun￿1 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 f￿efvJn ajrrencies i[KJu￿d 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 (0￿gn cu￿￿e5 are tsBnskt&1 irto sterfing at ckn&"ro rate5 at the balan￿ sheet date and exchange drfIa￿CeS are InchJdeJJ in the stat￿rt of thar￿jaI alrvilies. The Choir hokls sdettai mustcal Thes for ￿￿f0m￿r￿es and for sale to thoir rrffiIbe￿. Members are ￿Uired to purchase MUSK folders ts use durfng perf￿n￿ and a stcKk of these, and s**ed IKmXKJnal is hdd ty the thirity. CkJsOng stocks refth at the lo￿￿ ol hiyiirioj cost and rea￿Sable val THE LONDON PHILHARMONIC CHOIR (A COMPANY LIMrrED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGusf 2020 h Tay3￿ The d￿rity Is e¥eryt from tsx on and aains falling within S 46&493 of the c￿lati)n Tax 2010 arKi s 256 of the Taxa￿C￿ of CtswtAe Gain5 kt 1992 to tr extert these a￿ applÈd to bts dsiritabie tAX CthiNJes in ctorty. Cribol estirykites and Judg￿rEnts In pre￿ring the finan(ial st￿en￿￿ Th) ]uty￿ts or esti￿￿5 were requirql that Kwkl have a signlfiont eff￿t ￿ the awrfjunts I￿nIs81. j Finandl instrunEnts Cash and cash 8JuNalerts Cash and cash 8]uivat￿ts indude cath at bank5 a￿1 In haThl and tgm dw>ts with a trotyrity date of thr￿ nKJnths ￿ less. Debtors aEdtiors L*btDrs and Cr￿ltorS recelvatle Ix payabk wlthth one of Its fEPJrting are at th*'r tran>thon price. 2020 2019 506 60,040 2,020 T￿r 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 C￿dUtt01s and ACONn￿nl5ts 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 lThjek￿dent ExJninerfs f Insurafft and sut)scrikrtxThs m￿￿ng and prtyn(thn MIS￿lan￿js ex￿Se5 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 ￿whir￿j 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 ft￿7ber of Lond￿ FthiIha￿r0n CPKir. 13 THE LONDON PHILHARMONIC CHOIR (A COMPANY LIMrrED BY GUARANTEE) NOTESTO THE AccouKrs FOR THE YEAR ENDED 31 AUGusf 2020 Th￿e eJnpbyEes pr. Tfustees, WIK) a￿ con9det&l to LE rnanag8￿nt per9Jnnd. a￿1 ots Ch￿r ￿￿terS In the day to day mnnirKJ of the (Mir give thelr ttme for fr&. ￿e of t￿ trust￿ rmed remunerathjn duhng the year. E￿ndthre Inw[r￿ ty trust￿ and other C￿)Ir nBntws in fvIfiMing ther 01419at￿5 to ￿ cl￿fr rroy ￿ ￿1￿jurS&J. During year tTUStee Y￿5 r￿M￿lsed wenses Incurrej for travd totslling £207 (2019.. tvA) trust￿ were ranknr￿l for tr￿1 and sUbstst￿￿e 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 r￿ei¥&I rK) O)nations from tJustees). Th&e ￿la￿j party transadions requiri￿ disdosure du￿ng the year. 2020 2019 TJ* debtors Prepayffthts and Kuuay Inco 1,145 17,236 ¥399 18,2% rraje and ots debtors ￿e r￿nIs￿l & the sdtbnwt mnt du& PrepaYrn￿ts are valu8J at the arrKJunt prepaNJ. Indud8J In the atove a￿ firta￿l￿ 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 fr￿rt 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 {le￿s￿$ 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.. £19￿16) 14