Charity registration number: 1098381
London Cello Society
Annual Report and Financial Statements for the Year Ended 30 June 2024
Horden Accountancy Services Limited Hop Press Risebridge Farm Goudhurst Kent TN17 1HN
London Cello Society
Contents (continued)
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 3 |
| Statement of Trustees' Responsibilities | 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 to 12 |
London Cello Society
Reference and Administrative Details
Trustees S Gokcen R Baldock M S Bloomfield M Huber B Michaels Charity Registration Number 1098381 Principal Office 11 Goldwell Drive Newbury RG14 1HZ Independent Examiner Horden Accountancy Services Limited Hop Press Risebridge Farm Goudhurst Kent TN17 1HN Bankers HSBC 88 The Broadway London N10 3RX
Page 1
London Cello Society
Trustees' Report
The trustees present the annual report together with the financial statements of the charity for the year ended 30 June 2024.
Objectives and activities
Objects and aims
The aims of the Charity are to promote, develop and broaden public appreciation of music and specifically the art of playing the violoncello. It does so by holding concerts or recitals on aspects of cello performance and workshops about the instrument itself, by funding the specialised training of beginners, gifted young cellists up to the age of 18, and of adult learners whose interest and love of the instrument continues throughout their lives.
Activities and achievements
The opening event of the 2023-2024 season was the Society’s junior section, Cello Club’s regular "Adventures with My Cello: Lift-Off!" held on 8th October 2023 at the David Josefowitz Recital Hall of the Royal Academy of Music. Thirty-seven students up to Grade 5 encountered new musical challenges and opportunities with great enthusiasm. The event was led by Helen Neilson and Thomas Gregory and culminated in a short concert including a specially composed new work by Mr Gregory. At the other end of the spectrum and a month later, on 5th November 2023, eight members of the Society’s adult learners’ group explored works selected by tutor Kim Mackrell in an afternoon focussed on "Rhythm in my Fingers".
The major concert event of the year took place on 19th November 2023 at Duke’s Hall, The Royal Academy of Music. Curated by Justin Pearson, the event,"Cello Gold" introduced four extraordinary young European cellists identified as stars of tomorrow. Ben Michaels, first winner of the Society’s Keith Harvey Memorial Award, performed a newly-composed work by the British composer Colin Alexander: "Towards the Flame", a cello suite in four movements. The award-winning Welsh cellist Ben Tarlton played works by Janacek and Bartok, and the young Italian cellist Erica Piccotti performed Stravinsky’s "Suite Italienne". The German cellist, Philipp Schupelius, followed with Vivaldi’s "Cello Sonata in A Minor" and an arrangement of the extraordinary "Carmen Fantasie" by Franz Waxman. The evening was generously sponsored by J & A Beare and H Wood Insurance, and Julian Lloyd-Webber was presented with the Society’s Lifetime Achievement Award.
The Society’s final three live events of the year were: a presentation by the Dutch composer, improviser and cellist Ernst Reijseger "Dreams: A Cello Happening" on 14th March 2024; its annual all-day "Cello Day" on 21st April 2024 at The Royal Academy of Music, attended by 130 young cellists; and on 2nd June 2024, an exploration of the Popper Etudes "Popper a Deux" by Xavier Gagnepain, president of the Association Francaise du Violoncelle.
As in previous years, the Society’s charitable and public benefit commitment continued with In Harmony Lambeth, a programme within El Sistema England, providing tuition – by Molly McWhirter - to early learners in the borough and boosting the skills of string players in the Lambeth Youth Symphony Orchestra. Beyond all these live events, the Society continued to connect with its members and community through printed newsletters, concert alerts, social media outlets and a lively website.
Public benefit
The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
The annual report was approved by the trustees of the charity on 30 April 2025 and signed on its behalf by:
Page 2
London Cello Society
Trustees' Report (continued)
......................................... S Gokcen Trustee
Page 3
London Cello Society
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Approved by the trustees of the charity on 30 April 2025 and signed on its behalf by:
......................................... S Gokcen Trustee
Page 4
London Cello Society
Independent Examiner's Report to the trustees of London Cello Society
I report to the trustees on my examination of the accounts of London Cello Society for the year ended 30 June 2024.
Responsibilities and basis of report
As the charity trustees of London Cello Society you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the London Cello Society's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of London Cello Society as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give 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 order to enable a proper understanding of the accounts to be reached.
......................................
Andrew Waltham, Horden Accountancy Services Limited Institute of Financial Accountants
Hop Press Risebridge Farm Goudhurst Kent TN17 1HN
30 April 2025
Page 5
London Cello Society
Statement of Financial Activities for the Year Ended 30 June 2024
| Note Income and Endowments from: Charitable activities Total income Expenditure on: Charitable activities Total expenditure Net income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 10 Note Income and Endowments from: Charitable activities Total income Expenditure on: Charitable activities Total expenditure Net expenditure Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 10 |
Unrestricted funds £ 29,583 29,583 (27,035) (27,035) 2,548 2,548 8,345 10,893 Unrestricted funds £ 24,616 24,616 (24,940) (24,940) (324) (324) 8,669 8,345 |
Restricted funds £ 452 452 - - 452 452 23,956 24,408 Restricted funds £ 168 168 (2,500) (2,500) (2,332) (2,332) 26,288 23,956 |
Total 2024 £ 30,035 |
|---|---|---|---|
| 30,035 | |||
| (27,035) | |||
| (27,035) | |||
| 3,000 | |||
| 3,000 32,301 |
|||
| 35,301 | |||
| Total 2023 £ 24,784 |
|||
| 24,784 | |||
| (27,440) | |||
| (27,440) | |||
| (2,656) | |||
| (2,656) 34,957 |
|||
| 32,301 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2023 is shown in note 10.
The notes on pages 8 to 12 form an integral part of these financial statements. Page 6
London Cello Society
(Registration number: 1098381) Balance Sheet as at 30 June 2024
| Note Fixed assets Tangible assets 6 Current assets Stocks 7 Cash at bank and in hand 8 Creditors: Amounts falling due within one year 9 Net current assets Net assets Funds of the charity: Restricted income funds Restricted funds Unrestricted income funds Unrestricted funds Total funds 10 |
2024 £ 4,000 250 34,851 35,101 (3,800) 31,301 35,301 24,408 10,893 35,301 |
2023 £ 4,000 250 34,601 |
|---|---|---|
| 34,851 (6,550) |
||
| 28,301 | ||
| 32,301 | ||
| 23,956 8,345 |
||
| 32,301 |
The financial statements on pages 6 to 12 were approved by the trustees, and authorised for issue on 30 April 2025 and signed on their behalf by:
.........................................
S Gokcen Trustee
The notes on pages 8 to 12 form an integral part of these financial statements. Page 7
London Cello Society
Notes to the Financial Statements for the Year Ended 30 June 2024
1 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
London Cello Society meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Taxation
The charity is a registered charity and is therefore exempt from taxation.
Tangible fixed assets
Individual fixed assets costing £0.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The German half-size cello that is recorded as a fixed asset is unlikely to be depreciated as its value is very unlikely to decrease over time.
Stock
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell, after due regard for obsolete and slow moving stocks. Cost is determined using the first-in, first-out (FIFO).
Trade debtors
Trade debtors are amounts due for Gift Aid claimed in connection with donations received.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
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London Cello Society
Notes to the Financial Statements for the Year Ended 30 June 2024 (continued)
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. The recently-established Keith Harvey Fund will provide a biennial scholarship for outstanding cellists at the start of their professional careers.
2 Income from charitable activities
| Donations and sponsorship Members' subscriptions Interest receivable - Keith Harvey Fund Revenues from concerts and events Donations and sponsorship Members' subscriptions Interest receivable - Keith Harvey Fund Revenues from concerts and events Expenditure on charitable activities Note |
Unrestricted funds General £ 13,122 3,491 - 12,970 29,583 Unrestricted funds General £ 12,157 3,796 - 8,662 24,615 Note Unrestricted funds General £ 24,940 |
Restricted funds £ - - 452 - 452 Restricted funds £ - - 168 - 168 Unrestricted funds General £ 27,035 Restricted funds £ 2,500 |
Total 2024 £ 13,122 3,491 452 12,970 |
|---|---|---|---|
| 30,035 | |||
| Total 2023 £ 12,157 3,796 168 8,662 |
|||
| 24,783 | |||
| Total 2024 £ 27,035 |
|||
| Total 2023 £ 27,440 |
3 Expenditure on charitable activities
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London Cello Society
Notes to the Financial Statements for the Year Ended 30 June 2024 (continued)
| Direct event costs Secretarial and administration expenses Website and IT costs Bank charges Accountancy and professional costs Charitable activities Insurance Keith Harvey Fund Award |
Activity undertaken directly £ 20,354 1,988 793 387 800 2,320 393 - 27,035 |
2024 £ 20,354 1,988 793 387 800 2,320 393 - 27,035 |
2023 £ 18,866 760 1,737 244 550 2,400 383 2,500 |
|---|---|---|---|
| 27,440 |
4 Trustees remuneration and expenses
During the year the charity made the following transactions with trustees:
J Pearson
£4,429 (2023: £3,490) of expenses were reimbursed to J Pearson during the year.
The expenses reimbursed were in connection with concerts and events in the normal course of business.
R Baldock
£Nil (2023: £96) of expenses were reimbursed to R Baldock during the year.
The expenses reimbursed were in connection with concerts and events in the normal course of business.
S Gokcen
£3,188 (2023: £521) of expenses were reimbursed to S Gokcen during the year.
The expenses reimbursed were in connection with concerts and events in the normal course of business.
M S Bloomfield
£Nil (2023: £45) of expenses were reimbursed to M S Bloomfield during the year.
The expenses reimbursed were in connection with concerts and events in the normal course of business.
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any other benefits from the charity during the year.
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London Cello Society
Notes to the Financial Statements for the Year Ended 30 June 2024 (continued)
5 Taxation
The charity is a registered charity and is therefore exempt from taxation.
6 Tangible fixed assets
| 6 Tangible fixed assets |
||||
|---|---|---|---|---|
| Cost At 1 July 2023 At 30 June 2024 Depreciation At 30 June 2024 Net book value At 30 June 2024 At 30 June 2023 7 Stock Stocks 8 Cash and cash equivalents Cash at bank 9 Creditors: amounts falling due within one year Other creditors Accruals |
Furniture and equipment £ 4,000 4,000 - 4,000 4,000 2024 £ 250 2024 £ 34,851 2024 £ 3,000 800 3,800 |
Total £ 4,000 4,000 - 4,000 4,000 2023 £ 250 |
||
| 4,000 - |
||||
| 4,000 | ||||
| 4,000 | ||||
| 2024 £ 250 2024 £ 34,851 2024 £ 3,000 800 3,800 |
||||
| 2023 £ 34,601 |
||||
| 2023 £ 6,000 550 |
||||
| 6,550 |
10 Funds
Page 11
London Cello Society
Notes to the Financial Statements for the Year Ended 30 June 2024 (continued)
| Unrestricted funds General Restricted funds Total funds Unrestricted funds General Restricted funds Total funds |
Balance at 1 July 2023 £ 8,345 23,956 32,301 Balance at 1 July 2022 £ 8,669 26,288 34,957 |
Incoming resources £ 29,583 452 30,035 Incoming resources £ 24,616 168 24,784 |
Resources expended £ (27,035) - (27,035) Resources expended £ (24,940) (2,500) (27,440) |
Balance at 30 June 2024 £ 10,893 24,408 |
|---|---|---|---|---|
| 35,301 | ||||
| Balance at 30 June 2023 £ 8,345 23,956 |
||||
| 32,301 |
11 Analysis of net assets between funds
| Tangible fixed assets Current assets Current liabilities Total net assets Tangible fixed assets Current assets Current liabilities Total net assets |
Unrestricted funds General £ 4,000 10,693 (3,800) 10,893 Unrestricted funds General £ 4,000 10,895 (6,550) 8,345 |
Restricted funds £ - 24,408 - 24,408 Restricted funds £ - 23,956 - 23,956 |
Total funds at 30 June 2024 £ 4,000 35,101 (3,800) |
|---|---|---|---|
| 35,301 | |||
| Total funds at 30 June 2023 £ 4,000 34,851 (6,550) |
|||
| 32,301 |
Page 12
London Cello Society
Statement of Financial Activities by fund for the Year Ended 30 June 2024
| Income and Endowments from: Charitable activities Total income Expenditure on: Charitable activities Total expenditure Net income/(expenditure) Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Total Unrestricted Funds 2024 £ 29,583 29,583 (27,035) (27,035) 2,548 2,548 8,345 10,893 |
Total Unrestricted Funds 2023 £ 24,616 |
|---|---|---|
| 24,616 | ||
| (24,940) | ||
| (24,940) | ||
| (324) | ||
| (324) 8,669 |
||
| 8,345 |
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London Cello Society
Statement of Financial Activities by fund for the Year Ended 30 June 2024 (continued)
| Income and Endowments from: Charitable activities Total income Expenditure on: Charitable activities Total expenditure Net income/(expenditure) Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Total Restricted Funds 2024 £ 452 452 - - 452 452 23,956 24,408 |
Total Restricted Funds 2023 £ 168 |
|---|---|---|
| 168 | ||
| (2,500) | ||
| (2,500) | ||
| (2,332) | ||
| (2,332) 26,288 |
||
| 23,956 |
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London Cello Society
Detailed Statement of Financial Activities for the Year Ended 30 June 2024
| Income and Endowments from: Charitable activities (analysed below) Total income Expenditure on: Charitable activities (analysed below) Total expenditure Net income/(expenditure) Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Total 2024 £ 30,035 30,035 (27,035) (27,035) 3,000 3,000 32,301 35,301 |
Total 2023 £ 24,784 |
|---|---|---|
| 24,784 | ||
| (27,440) | ||
| (27,440) | ||
| (2,656) | ||
| (2,656) 34,957 |
||
| 32,301 |
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London Cello Society
Detailed Statement of Financial Activities for the Year Ended 30 June 2024 (continued)
| Charitable activities Members' subscriptions Donations and sponsorship Revenues from concerts and events Interest on cash deposits Charitable activities Direct event costs Keith Harvey Award Insurance Secretarial and administration services Website and IT costs Charitable donations Accountancy and professional fees Bank charges |
Total 2024 £ 3,491 13,122 12,970 452 30,035 (20,354) - (393) (1,988) (793) (2,320) (800) (387) (27,035) |
Total 2023 £ 3,796 12,157 8,663 168 |
|---|---|---|
| 24,784 | ||
| (18,866) (2,500) (384) (759) (1,738) (2,400) (550) (243) |
||
| (27,440) |
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