THETEMPLE Music FOUNDATION
A company limited by guarantee
FINANCIAL STATEMENTS
Forthe year ended 31" December 2024
Registered Company No 4594413
Registered Charity No 1095141

The Temple Music Foundation
Flnanclal statements for tha year ended 31st December 2024
Contents
Report of the Trustees
Report of the independent examiner
Statement of fin8ncial activities
Balance sheet
Notes to thefinancial statements

The Temple Muslc Foundatlon
Financial statements for the year ended 31st December 2024
Report of the Trustees
Proflle of the charity
Governing
instrum8nt:
Memorandum and Articles of Association dated 10 September 2002 and
amended by Special Resolutions dated 24June 2011 and 11 May 2017
Directors:
Guy Beringer KC (Hon) CBE (Chairl Michael McLaren KC
Katie Bradford
lan Moyler
Sir Christopher Clarke
Sir Martin Spencer
Philip Havers KC (to 14 February20251 DanielToledano KC
Rosamund Horwood-smart KC
Robert Venables KC
Jenniferjonas
The directors of the company are also Trustees ofthe charity and are
referred to throughoutthis report as"Trustees" The charitable company
is referred to as the "chariw.
Registered
Office:
The Treasury Office
Inner Temple
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 RH11RJ
The Trustees present their report with the financial statements of the charity for the year ended
31 December 2024. The Trustees have adopted the provisions of Accounting and Reporting by
Charities: Statement of Recommended Practice applicable to charities preparingtheir accounts
in accordance with the Financial Reporting standard applicable in the United Kingdom and
Republic of Ireland (FRS102). This report includesthe reportof the directors required bycompany
law.
Objectlve of the charity
The promotion of public 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.
TheTrustees confirm thatthey have complied with their duty underthe Charities Act2011 to have
due regard to the public benefit guidance published by the Charity Commission for Eng￿nd 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 Music Foundation
Financial statements for the year ended 31st December 2024
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 I'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 skills that putative Trustees can offer.
Review of progress and achievements
The Temple Music Foundation had a fuLI programme of approximateLy 50 concerts in 2024.
featuring 8 Holy Week Festival, a Winter Festival, the EarLy Opera Company in Maurice Greene's
Jephtha, a performance of Britten's Canticles byAllan Clayton, Julius Drake and others, the world
premiere of a newwork by Sirjames MacMilLan for French horn and piano, a performance byThe
Sixteen of the Monteverdi Vespers, performances by the chamber music collective, Temple
Soloists, including Beethoven's String Quartet Opus 132. and a new collaboration with Opera
Rara. The growth in the charity's offering (from approximateLy30 concerts in 2022 and 40 in 20231,
increased its audience to 9,000 (2023: audience of 8,0001. Sponsorship of concerts by
individuals, chambers and corporations increased by 39% compared to 2023, but remained
relatively low compared to costs, leading to a deficit of £20,860 on the non-choir programme
before receipt of a generous legacy of £105,430.
A pool of 12voLunteers provided approximately 450 hours of assistance on concert days in 2024.
Temple Church Choir
As in previou5years, donations amountingto £60,OOOwere received in 2024fromThe Honourable
Society of the Inner i empLe and The HonourabLe Society of the Middle Temple to promote the
Choir's non-liturgical activities including concerts, broadcasts, recordings, training and tours
12023: £60,000). ficket sales contributed a further £29,718 {2023: £23,870). Choir-reLated
expenditure amounted to £86.80312023: £103,028 including a grant of £25,000 to support the
Church's Restoration and Renewal Project) resuLting in a net surplus forthe year of £2.915 (2023
deficit: £19.1581.
Future Plans
The charity is offering 8 full programme for 2025 including a performance by Gabrieli Consort &
Players of Handel's Solomon, a fully-staged production of Parsifal IAct111 with the Prelude to Act
11, the Early Opera Company in Rameau's Pygmalion. plus chamber music. song recitals. and
choral concerts from the Temple Singers and the Temple Church Choir (featuring new works
commissioned forthose choirs) as welLas the Hoist Singers.
Financial Revlew
The charity had income of £479,975 {2023: £299,294) and expenditure of £393.698 (2023:
£359,592) resulting in a surplus of £86.277 (2023 deficit: £60,298). There was a realised gain
following the disposal of investments of £1.20812023 unrealised loss: £4971, resulting in a net
increase in funds of £87,485 {2023 decrease: £60,795). In total, the charity's reseNes therefore
increased from £118,911 to £206,396. The 2024 surplus of £87,485 compris&s a surplus of
£84,570 on the charity's general concert programme and a surplus of £2,915 on the non-liturgical
activities of the Temple Church Choir.

The Temple Musl¢ Foundatlon
Financial statements for the year ended 31st December 2024
Report of the Trustees (continued)
Grant Maklng Policy
The charity's policy is to make grants to support the musical education and activities of the
Temple Church Choir.
Reserves pollcy
At 31 December2024the charity's reseNes were £206,39612023: £118,911) of which £169,842 was
held in the General Reserve and £36,554 in the Choir Fund Reserve. The Trustees consider the
charity holds an appropriate level of reseNes to provide funding for activities during the remaining
partof2025 and to enable the charityto continue operatingbeyond that date, and are in the process
of developing a more detailed reserves policyfollowing receipt of a generous legacy in 2024.
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 directlyorthrough resetvesl orarrangements forthe underwritingof costs
have been made. The Trustees continue to pay particular attention to the financial impact of
sponsorship. audience numbers and the availability of performers and venues.
Statement of Trustees, responsibilities
The Trustees (who are also the directors of the charitable companyforthe purpose of company law}
are responsible for preparinga Trustees, annual reportand financialstatements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Recognised
Accountancy Practice).
Company and Charity ￿wS require the Trustees to prepare financial statements for each financial
yearwhich give a true and fair view of the state of affairs of the charitable company as at the end of
thefinancialyearand of the surplus or deficit of the charity. In preparingthose financial statements
the Trustees are required to:_
Select suitable accounting policies and then applythem consistently:
Observe thg 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 company WILI 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 ensurethatthefinancialstatements complywiththe CompaniesAct 2006 andthe Charities
Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking
reasonable steps forthe prevention and detection offraud and other irregularities.
The financial statements on pages 5 to 10 were approved bythe Trustees on 17 July 2025 and signed
on their behalf:
Guy Beringer KC (Hon) CBE, Director and Trustee

Independent Examiner's Report to the Members of The Temple Music Foundatlon
I report on the accounts of the charityfortheyear ended 31 December 2024, which are set out on
pages 5t0 10.
Responsibilities and basls 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 Companies Act 2006 (the 2006 Act), and the Charities Act 2011 (the Act).
The charity's Trustees considerthat an audit is not required forthis year under part 16 ofthe 2006
Act and that an independent examination is needed.
I report in respect of my examination of the charitable company's accounts as required under
section 145 of the 2011 Act and in carrying out my examination I have followed allthe applicable
directions given bythe Charities Commission under section 14515){b} of the Act.
Independent Examiner'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 exarnination because I
am a qualified member of the Association of Chartered Certified Accountants, which is one of
the listed bodies.
I have completed my examination. I confirm 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 respect of the charity as required by section 130 of
the Act" or
2. Thatthe accounts do not 3ccord with those records
3. Thatthe accounts do not compLy with the applicable requirements concerningthe form
and content of accounts set out in the Charities (Accounts and Reports) Regulations
2008 otherthan the requirementthat the accounts show a.true and fair view" which is
not a matter considered 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 orderto enabLe a proper understanding of
the accounts to be reached.
LJL
Mr David Wheeler F.C.C.A.
Cheeld Wheeler & Co
Chartered Certiited Accountants
Redhill Chambers
2d High Street
Redhill.
Surrey. RH11RJ

The Temple Music Foundation
Financial statements forth8 year ended 31•t December 2024
Statement of financial activities includlng the Income and Expenditure Account
Total
Funds
2024
Total
Funds
2023
General Restricted
Fund
Funds
Choir
Fund
Notes
Income from:
Donations and legacies
Charitable activities:
Concerts
220,428
70.338
60,000 350,766
193,474
97,085
29,718
126.803 104,017
Investments
2,406
2,406
1,803
Total income
319,919
70.338
89,718 479,975 299.294
Expenditure on:
Raisingfunds
(14,085)
(14,085)
(9,488)
Charitable activities".
Concerts
(220,772} (70,338) 186,803} (377.913) (323,254)
(25,000)
Grants
Governance costs
(1,7001
(1,700) (1,850)
Total expenditure
1236,557)
(70,338) (86,8031 (393,698) (359,592)
Net galnsl(losses) on Investments
Transfers between funds
1,208
1,208
(497)
Net movement in funds
84,570
2,915
87,485 (60,795)
Reconcluation of Funds:
Total funds brought forward
85,272
33.639
118,911
179.706
Totalfunds carrled forward
169,842
36,554 206,396 7 18.911
The statement of financial activities includes all gains and losses in the year. All income and expenditure
derive from continuingactivities. The notes on page 7t0 10tomi partof thesefinancial statements.

The Temple Music Foundation
Financial statements forthe year ended 3151 December 2024
Balance Sheet as at 31"December 2024
Registered Company No 4594413
Unrestricted
Funds
2024
Choir
Fund
2024
Total
2024
Total
2023
Notes
Fixed assets:
Tangible assets
474
3.021
3,495
6,791
Investments
4,940
474
3,021
3,495
11,731
Current assets:
Stocks
2,233
Debtors
59,876
59,876
22,012
Cash at bank and in hand
261,054
34.151
295,205
188,946
320,930
34,151
355.081
213.191
Creditors: amounts falling due
within one year
1151,5621
16181 {152,180} (106,011)
Net current assets
169,368
33,533
202.901
107. 180
Total net assets
169,842
36,554 206,396
778,911
The funds ofthe Charity:
Totalfunds
169,842
36,554 206.396
718,911
The Trustees considerthat the charity is entitled to exemption from the requirement to have an audit under
the provisions ofsection 477 otthe CompaniesAct 20061.the Act'l and have confirmed that no notice has
been deposited under Section 476 of the Act. The Trustees have acknowledged their responsibilities for
ensuring that the charity keeps accounting records which comply with Section 386 of the Act and for
preparing accounts which give a true and tair view of the charity 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 relatingto the accounts. sofar as applicable to the charity.
The financial statements are prepared in accordance with the provisions 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 on 17 July 2025 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 Foundation
Notes to the financial statements forth8 year ended 31" December 2024
Statutory information
The charity is registered in England and Wales as a company limited by guarantee, number
4594413. The registered off ice is at The Treasury Office, InnerTemple, London EC4Y 7HL.
1. Accounting pollcl8S
Basi8 of preparingthe financial statements
The financial statements 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
accordancewith the FinancialR8POrtingstandard applicable inthe United Kingdom
8nd Republic of Ireland IFRS102)" and the Companies Act 2006. The financial
statements have been prepared under the 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 fDr when received or othe￿iSe if amounts are known
with certainty.
Expendlture
Direct charitabLe expenditure comprises services supplied and activities
undertaken, which are identifiable as whollyor mainly in support ofthe 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}
Restrlcted Funds
Donations received for 8 specific concert are reported as Restricted Funds.
Choir Fund
Following the transfer of responsibilityfor promoting the Temple Church Choir to
the charity in 2018, funds brought forward at the start of the year and any surplus
I deficit from activities undertaken during the year are reported as part of 8
segregated fund and may only be used forthe benefit of the Choir.
f)
Investments
Investments are reported at marketvaLue in accordance with the Charities SORP.
See Note 5.
Fixed Assets
Off ice equipment and 80ftware, including the website, 8re depreciated at a rate
of 25% on cost peryear. The piano is depreciated at 5% on cost per year.

The Temple Music Foundation
Notes to the flnanclal statements for the year ended 31" December 2024
(continued)
2. Expendlture
General Restricted
Fund
Fund
Choir
Fund
2024
2023
Charitable activities
Costs of mounting
concerts
Direct costs of
concerts
Support costs
103,743
70,338 86.803 260.884 220.920
117,029
117.029 102.334
220.772
70.338 86.803 377,913 323.254
Grants
Grantto Temple Church
25,000
Governance costs
Independent Examiner's
remuneration
1,700
1,71)0
7,850
3. Trustees
None of the Trustees received any reimbursement of expenses or remuneration for their
services duringthe year.
4. Tangible Fixed Assets
Equipment
Cost at 1 January 2024
Disposals
Cost at 31 December 2024
29,982
(6.0001
23,982
Depreciation at 1 January 2024
Disposals
Charge forthe year
Depreciation at 31 December 2024
123.1911
6.000
13.296}
(20.487}
Net bookvalue at 31 December2024
3,495
Netbook value at31 December2023
6.791

The Temple Muslc Foundation
Not88 to the financial statements for the year ended 31" December 2024
(contlnued)
5. Investments
2024
2023
130 shares in Unilever plc (donated in
2008}
4.940
4.940
The shares were soLd in November 2024. The statement of financial activities shows a gain on
revaluation to the point of sale of £1.208 (2023 unreaLised loss". £497).
6. Stock
2024
2023
CD and DVD Recordings (Choir Fund)
4,485
4.485
Provision for slow-movingstock
(4.485}
(2.252)
2,233
7. Debtors
2024
2023
Trade debtors
8,730
3,000
Prepayments
9,965
31
Accrued income
10,000
Other
41.181
8.981
59.876
22.012
8. Creditors: amountsfallingdue within one year
2024
2023
Trade creditors
41,544
13.488
Accruals lofwhich. Choir Fund £618, 2023: £7.9921
9,103
69.019
Deferred income
75,647
14.550
Other creditors
25.886
8,954
152.180
106.011
Deferred income relates to sponsorship income, ticket sales, donations and similar re18ting
to eventsthatwilLtake place in thefollowingfinancialyear. AILamounts deferred are released
to income in the financialyearto which the income applies.

The Temple Musl¢ Foundation
Notes to the financial statements for the year ended 31Jt December 2024
(continued)
9. Movement in Funds
Net
Movement in
funds
At1.1.24
At31.12.24
Unrestricted
fund5
General Fund
85,272
84.570
169,842
Restricted funds
Choir Fund
33,639
2,915
36,554
Total funds
118,911
87,485
206.396
10. Related Party Transactions
Duringthe year, the charity received generous donations from its President, Trustees, third party
trusts controlled bythe Trustees and its Members amountingto £67.775 (2023: £29.835}.
11. Commitments
At the year end, the charity had no contractual commitments to expenditure {2023: zero).
12. Going Concern
The charitable company has substantial cash resources to ensure that it is able to meet its
financialobligations and there are no material uncertainties and consequentLythe Trustees are
satisfied thatthe charity continues to operate as 8 going concern.
13. Taxation Status
The charitable company is exempt from the requirement to pay Income and Corporation Tax on
its income. but accounts forvalue Added Tax on its ticket sales and the saLes of music.
14. Employee Costs
Duringthe year, two members of staff were employed. neither of whom was paid in excess of
£60.000. Total staff costs and employee benefits wer8 £89,382 (2023: £83,564), made up of
salaries £70,990 {2023: £67,645); other benefits £4.00312023: £3.4651; social security costs
£7,290 {2023: £6.817}' and pension contributions £7,09912023: £5,637).
10-