THETEMPLE Music FOUNDATION
A company limited by guarantee
FINANCIAL STATEMENTS
For the year ended 31" December 2023
Registered Company No 4594413
Registered Charity No 1095141

The Temple Music Foundation
Financial statements for the year ènded 31st December 2023
Contents
Report of the Trustees
Report of the independent examiner
Statement of financial activities
Balance sheet
Notes tothe flnancial statements

The Temple Music Foundation
Financial statements for the year ended 31st December 2023
Report of the Trustees
Profile of the charlty
Governing
instrument:
Memorandum and Articles of Association dated 10 September 2002 and
amended by Special Resolutions dated 24 June 2011 and 11 May 2017
Directors:
Guy Beringer KC (Hon) CBE (Chairl
Michael McL8ren KC
Katie Bradford
lan Moyler
Si r Christopher Clarke
Sir Martin Spencer
Philip Havers KC
Daniel Toledano KC
Rosamund Horwood-smart KC
Robert Ven8bles KC
Jennifer Jonas
The directors of the company are also Trustees of the charity and are
referred to throughout this report as Yrustees" The charitable company is
referred to as the°charity".
Registered
Office:
The Treasury Office
InnerTemple
London EC4Y 7HL
Bankers:
Royal Bank of Scotland
St Paul's Branch
London EC4M 7EJ
Independent
Examiner:
David Wheeler F.C.C.A.
Cheeld Wheeler & Co
Chartered Certified Accountants
Redhill Chambers, 2d High Street,
Redhill, Surrey RH1 1RJ
The Trustees present their report with the financial statements of the charity for the year ended
31 December 2023. The Trustees have adopted the provisions of 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 United Kingdom and
Republic of Ireland {FRS1021. This report includes the report of the directors required by
company law.
Objective of the charity
The promotion of publlc appreciation and understanding of music by assisting in any way the
performance of music for the benefit of the public or any section of the public and in particular
the public performance of choral music in the Temple Church London.
The Trustees confirrn that they have complied with their duty under the Charities Act 2011 to
have due regard to the public benefit guidance published by the Charity Commission for
England and Wales. The Trustees further confirm that the activities of the charity are carried
out. in line with its objects, for the public benefit.

The Temple Muslc Foundation
Financlal statements for the year ended 31st December 2023
Report of the Trustees (continued)
Trustee Recruitment and Training
Because of the charity's close links with The Honourable Society of the Inner Temple and The
Honourable Society of the Middle Temple ("the Inns"), Trustees are recruited primarily from the
members of the judiciary and the Bar. Selection is made by the board on the basis of the
particular skilLsthat putative Trustees can offer.
Review of progress and achievements
The Temple Music Foundation had a full programme of approximately 40 concerts in 2023,
featuring a new series of international organ recitals. a new collaboration with London Mozart
Players who appeared in concert with Julian Bliss, a Holy Week Festival. a rare performance of
Sir John Tavener's Schuon Lieder to mark the charity's 20 anniversary, a William Byrd FestivaL.
Temple Song recitals by Julius Drake with Kate Royal & Christine Rice, lan Bostridge, and Gerald
Finley, two performances by the Early Opera Company of Henry Purcell's King Arthur plus a
performance for London primary Schools (for whom a guidebook was produced by Guy Fox
History Project), and performance platforms for students at the Guildhall School of Music &
Drama and the Royal College of Music. The growth in the charity's offering {from approximately
30 concerts in 20221, increased its audience to 8,000 (2022: audience of 6,000). The
sponsorship of concerts by individuals, chambers and corporations increased by 17%
compared to 2022, but remained relatively low compared to costs, Leading to a deficit of
£41,637 on the non-choir programme. A pool of 14 volunteers provided approximateLy 360
hours of assistance on concert days in 2023.
Temple Church Choir
As in previous years, donations amounting to £60,000 were received in 2023 from The
Honourable Society of the Inner Temple and The Honourable Society of the Middle Temple to
promote the Choir's non-liturgicaL activities including concerts, broadcasts, recordings, training
and tours (2022.. £60,000). Ticket sales contributed a further £23,870 {2022: £22.609). Choir-
related expenditure amounted to £78,028 (2022: £81,697) and a grant of £25,000 was agreed to
support the Church's Restoration and Renewal Project, resulting in a net deficit for the year of
£19,158 (2022 surplus: £912).
Future Plans
The charity is offering a full and well-attended programme for 2024 including concerts in
memory of the late Lord Judge. a rare performance by the Early Opera Company of Maurice
Greene's Jephtha. a Holyweek Festival. the Busch Trio, a new collaboration with Opera Rara. a
performance by London Mozart Players with Matilda Lloyd. the Temple Song series. and a Winter
Festival, among many others.
Financial Review
The charity had income of £299,294 {2022: £247,420) and expenditure of £359,592 (2022."
£303,489) resulting in a deficit of £60,298 {2022 deficit: £56.0691. There was an unrealised loss
on investments of £497 (2022 gain: £307), resulting in a net decrease in funds of £60,795 (2022
decrease: £55,762). In total, the Charitys reserves therefore decreased from £179,706 to
£118,911. The 2023 deficit of £60,795 comprises a deficit of £41,637 on the charity's general
concert programme and a deficit of £19,158 on the non-liturgical activities of the Temple
Church Choir.

The Temple Muslc Foundation
Flnancial statements for the year ended 31st December 2023
Report of the Trustees {continued)
Grant Making Pollcy
The charity's policy is to make grants to supportthe musical education and activities of the
Temple Church Choir.
Reserv69 policy
At 31 Decetnber 2023 the charity's reserves were £118,911 (2022: £179.7061 of which £85.272 was
held in the General Reserve and £33,639 in the Choir Fund ReseNe. The Trustees consider the
charity holds an appropriate level of reserves to provide funding for activities during the remaining
part of 2024 and to enable the charity to continue operating beyond that date.
Risk
As a general policy, the Trustees review the risks to which the charity is exposed as part of the
process of considering and planning all events and activities. The principal risk to which it is
routinely exposed is that of security of funding. Consequently. no activities are undertaken unless
funding is in place (either directly or through reserves) or arrangements for the underwrtting of
costs have been made. The Trustees continued to pay particular attention in 2023 and 2024 to the
financial impact of sponsorship, audience numbers and the availability of performers and venues.
ststement of Trustees, responslbilities
The Trustees (who are also the directors of the charitable company for the purpose of company
lawl are responsible for preparing a Trustees, annual report and financial statements in
accordance wth applicable law and United Kingdom Accounting standards (United Kingdom
Generally Recognised Accountancy Practice).
Company and Charity Laws require the Trustees to prepare financial statements for each financial
year which give a true and fair view of the state of affairs of the charitable company as at the end of
the financial year and of the surplus or deficit of the charity. In preparing those financiaL
statements the Trustees are required to:_
Select suitable accounting policies and then applythem consistently.
Observe the methods and principles in the Charities SORP.
Makejudgements and estimates that are reasonable and prudent:
State whether applicable UK accounting standards have been followed, subject to any natural
departures disclosed and explained in the financial statements.
Prepare the financial statements on the going concern basis unless it is inappropriate to
presume thatthe charitabLe companywill not continue on that basis.
The Trustees are responsible for maintaining proper accounting records which disclose with
reasonable accuracy at any time the financial position of the charitable company and to enable
them to ensure that the financial statements comply with the Companies Act 2006 and the
Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence
fortaking reasonable steps for the prevention and detection of fraud and other irregularities.
The financial statements on pages 5 to 10 were approved bythe Trustees on34 September 2024 and
signed on their behalf:
Guy Beringer KC (Hon) CBE, Director and Trustee

Independent Examinar's Report to the Members of The Temple Muslc Foundation
I report on the accounts of the charity for the year ended 31 December 2023. which are set out
on pages 5 to 10.
Responsibilities and basis of report.
The charity's Trustees (who are also the directors of the charitable company for the purposes of
company lawl are responsible for the preparation of the accounts in accordance with the
requirements of the Comp8nies Act 2006 (the 2006Actl. and the Charities Act 2011 (the Act).
The charity's Trustees consider that an audit is not required for this year under part 16 of the
2006 Act and that an independent examination 15 needed.
I report in respect of my examination of the charitable company's 8ccounts as required under
section 145 of the 2011 Act and in carrying out my examination I have followed 8Llthe applicable
directions given by the Ch8rities Commission under section 145 {51{bl of the Act.
Independent Examln8r's Statement
As the charity's income exceeds £250,000 an examiner must be a member of a body listed in
section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because I
am a qualified m8mber of the Association of Chartered Certified Accountants, which is one of
the listed bodies.
I have completed my examination. I confimi that no matters have come to my attention in
connection with the examination giving me cause to believe that in any material respect:
1. Accounting records were not kept in respectof the Charity as required by section 130 of
the Act. or
2. Thatthe accounts do not accord with those records
3. Thatthe accounts do not compLy with the applicable requirements concerning the form
8nd content of accounts set out in the Charities (Accounts and Reports) Regulations
2008 other than the requirementthatthe accounts show a "true and fair view" which is
not a matter consider9d as part of an independent examination.
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 understanding of
the accounts to be reached.
Mr David Wheeler F.C.C.A.
Cheeld Wheeler & Co
Chartered Certified Accountants
Redhill Chambers
2d High Street
RedhilL,
Surrey. RH11 RJ
4pIp 1¢>

The Temple Muslc Foundatlon
Flnancial statements for the year ended 31M December 2023
Statement of financlal activities Includingthe Income and Expenditure Account
Total
Funds
2023
Total
Funds
2022
General Restricted
Fund
Funds
Choir
Fund
Notes
Income
Donations and similar
income
1{d)
93.391
40,083
60,000
193,474 164.908
Income from charitable
activities
Concerts
80,147
23.870
104,017 82.012
Investment income
1.803
1,803
500
Total income
175,341
40,083
83,870 299,294 247.420
Expenditure
Costs of raisingfunds
(9.488)
(9,488) 13.695
Charitable activities:
Concerts
(205,1431 (40,0831 178,0281 (323,254) 288,294
Grants
{25,0001 (25,000)
Governance costs
(1,850)
11,850)
1.500
Total expenditure
Net income I lexpenditurel
before other recognised
gains / (losses)
(216,4811 (40,0831 1103,0281 {359,592) 303.489
(41,140)
119.1581 160,298} (56,069)
Other (ios$es)I gains
Gains and (Losses) on
investment assets
(4971
(497)
307
Net movement in funds
{41.637)
(19,158) (60,795) (55, 762)
Reconciliation of Funds
Fund balances brought
forward at 1stJanuary
126.909
52.797
179,706 235.468
Fund balances carrled
forward at 31" December
85,272
33,639 118,911 779,706
The statement of financial activltl8s includes all gains and losses in the year. All in¢ome and expenditure
derive from ¢ontlnuing activities. The notes on page 7t0 10 form part ofthese financial stat8m8nts.

The Temple Music Foundation
Financial statements for the year ended 311t December 2023
Balance Sheet as at 31*1 December 2023
Registered Company No 4594413
Unrestricted
Funds
2023
Choir
Fund
2023
Total
2023
Total
2022
Notes
Fixed Assets
Tangible Fixed Assets
3,770
3,021
6,791
11,187
Investments
4,940
4,940
5,437
8,710
3,021
11.731
16.624
Current Assets
Stock
2,233
2,233
2.257
D8btors
22,012
22,012
30,808
Cash at bank and in hand
152,569
36,377 188,946
257, 727
174,581
38,610
213,191
290. 186
Credftors: amounts falling due
within one year
(98,0191
17,992) 1106,011) (127, 104)
Net current assets
76,562
30.618
107,180
163,082
Total assets less current liabilitlas
85,272
33.639 118.911
179. 706
The Funds of the Charity:
Total Funds
85,272
33,639 118,911
179, 706
The Trustees consider that the charity is entitted to exemption from the requirement to have an audit
under the provisions of section 477 of the Companies Act 2006 ("the Act°} and have confirmed that no
notice has been deposited under S8Ction 476 of the Act. The Trust88s have acknowledged their
responsibiiitles for ensuring that the charity keeps accounting records which comply with Section 386 of
the A¢t and for preparing accounts which give a true and fair view of the ch8rity and of its surplus for the
year then ended In accordance with the requirements of Section 394 and 395 of the Act and which
otherwise comply with the requirements of the Companies Act 2006 relating to the 8ccounts, so f8r as
applicable to the charity.
The financial statem8nts are prepar8d in accordance with the promsions of the small companies regime
within Part 15 ofthe Companies Act 2006.
The financial statements on pages 5 to 10 were approved by the Trustees onltr September 2024
and signed on their behalf:
Guy Beringer KC (Hon), CBE
The notes on page 7 to 10 form part of these financial statements.

The Temple Music Foundatlon
Notes to the financial statements for the year ended 31st De¢ember2023
Statutory informatlon
The charity is registered in England and Wales as a company limited by guarantee, number
4594413. The registered off ice is at The Treasury Off ice. InnerTemple, London EC4Y 7HL.
1. Accounting policies
Basis of prep8ringth8 flnan¢ial statements
The financial ststements of the charity have been prepared in accordance with the
Charities SORP IFRS102) "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 United
Kingdom and Republic of Ireland (FRS102}" and the Companies Act 2006. The
financial statements have been prepared underthe historical cost convention.
The charity constitutes a public benefit entity as defined by FRS102.
b)
Income
Donations, interest and investment income are accounted for when receivable.
Legacies are accounted for when received or otherwise if amounts are known
with certainty.
Expenditur8
Direct charitable expenditure comprises services supplied and activities
und8rtaken. which are identifiable as wholly or mainly in support of the charity's
objectives. Grants. prizes and scholarships are accounted for when awarded.
Those costs shown as Governance relate to compliance with constitutional and
statutory requirements. Costs of Generating Funds comprise fundr8ising costs.
All support costs are allocated to musical events as those relating to grants are
deemed negligible.
d)
Restricted Funds
Donations received for a specific concert are reported as Restricted Funds.
Choir Fund
Following the transfer of responsibility for promotingthe TempLe Church Choirto
the charity in 2018, funds brought forward at the start of the year and anysurplus
I deficit from activities undertaken during the year are reported as part of a
segregated fund and may only be used forthe benefit of the Choir.
Investments
Investments are reported at market value in accordance with the Charities
SORP. See Note 5.
Flxed Asset8
Offlce equipment and software, including the website, are depreciated at a rate
of 25% on cost per year. The piano is depreciated at S% on cost peryear.

The Temple Music Foundation
Notes to the financial statements for the year ended 31st December 2023
(contlnued)
2. Expenditure
General Restricted
Fund
Fund
Choir
Fund
2023
2022
Charltabie activities
Costs of mounting
concerts
Direct costs of
concerts
Supportcosts
102.809
40,083 78,028 220,920 204,970
102,334
102,334
83,324
205,143
40,083 78,028 323,254 288,294
Grants
Grant to Temple Church
25,000
25,000
Governance costs
Independent Examiner's
remuneration
1,850
1,850
1,500
3. Trustees
None of the Trustees received any reimbursement of expenses or remuneration for their
Se￿iCe$ duringthe year.
4. Tan￿1ble Flxed Assets
Equipment
Costat 1 January2023
29,982
Additions
Cost at 31 December 2023
29,982
Depreciation at 1 January2023
{18,795}
Chargeforthe year
{4.396)
Depreciation at 31 December 2023
123.191)
Net bookvalue at 31 December2023
6,791
Netbook value 8t31 December2022
11,187

The Temple Music Foundation
Notes to the flnancial statements for the year ended 31•t December 2023
(contlnued)
5. Investments
2023
2022
130 shares in Unilever plc (donated in
20081
4,940
5,437
5,437
The statement of tinancial activities shows an unrealised loss on the revaluation of
investment assets of £49712022 gain: £308).
6. Stock
2023
2022
CD and DVD Recordings (Choir Fund)
4,485
4.502
Provislon for slow-movlng stock
(2,2521
2,233
(2,251)
2,251
7. Debtors
2023
2022
Trade debtors
3,000
Prepayments
31
211
Accrued incom6
10,000
Other
8.981
30.597
22,012
30,808
8. Creditors: amounts fallingdue within one year
2023
2022
Trade creditors
13,488
68.791
Accruals (of which. Choir Fund £7.992.
2022: £6.1291
Deferred income
69,019
14,710
14.550
17.290
Other creditors
8,954
26.313
106.011
127. 704
Deferred income relates to sponsorship income, ticket sales. donations and similar relating
to events that will take place in the following financial year. All amounts deferred are
released to income in the fi'nancial yearto which the income applies.

The Temple Music Foundation
Notes to the financial statements for the year ended 31" December 2023
(continued)
9. Movement in Funds
Net
Movement in
funds
At1.1.23
At31.12.23
Unrestricted
funds
General Fund
126,909
(41,6371
85,272
Restricted funds
Choir Fund
52,797
119,158)
33,639
Totalfunds
179,706
(60,795}
118,911
10. Related PartyTransactions
Duringthe year, the charity received generous donations from its President, Trustees, third party
trusts controlled bythe Trustees and its Members amountingto £29,83512022: £41,235).
11. Commitment5
At the year end, the charity had no contractual commitments to expenditure12022: zero).
12. Going Concern
The charitable company has substantial cash resources to ensure that it is able to meet its
financial obligations and there are no material uncertainties and consequently the Trustees are
satisfied th8t the charity continues to operate as a going Concern.
13. Taxatlon Status
The charitable comp8ny is exemptfrom the requirementto pay Income and Corporation Tax on
its income, but accounts for Value Added Tax on its ticket sales and the sales of music.
14. Employee Costs
During the year, two members of staff were employed, neither of whom was paid in excess of
£60.000.
Pension contributions in the year amounted to £5.637 (2022.. £4,548).
10-