REGISTERED COMPANY NUMBER: 04793760 (England and Wales) REGISTF.RED CHARITY NUMBER: 1099094 rtofthe tees an dited Fi I Sta enls for Year En 2025 hester Johnstone Howell & Co Unit 2 Th¢ Oaks Stanney Mill Lane Chester Cheshire CH2 4HY
Chester usic Soci ntenis of the Financial Statement he Year B 31 Jul 2025 Page Repoi'i of the Trustees IndepcThdeni ExamineV$ Report Statement of Finan¢ial Activities Balance She¢1 Nows to the Financial Statements 12 10 19 D¢tail¢d Staiement of Financial A¢tivities 20 to 21
Ch Music Socie Re ort of ihe Trustees for the Year End¢ UI 2025 The trust¢e$ who ar¢ also directors of the charity for the purp05¢5 tsf the Companies Act 2006? pre5¢nt their report with the financial siatements of the cliarity for the year ended 31 July 2025. Tl)e trustees have adopted th¢ provisions of Accounting and ReportlDg by Chariiies.. Statetnent of Recommended Practice applicable to eharities preparing their accouDt5 in aecordan¢e with the Financial Reporting Siandard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJEcfIvES AND ACTIVITIES Objectives aiid alms 'I'h¢ charity's obje¢ts are to provide, Inaintain, improve and advance education by tsnhering public apprerialion of music. The charity aim$ to play a significant part in the on-going culwral life of Chester and its environs as one of th¢ leading arts organisatiojls in the ai'ca. 1¢ provides a vaTied programme of predominantly classical music thai would not othenvise be provided by commercial organisations and contributes ¢0 the area's cultural richness. Tlie chority is organised into Ihr¢e s¢ctions: Showcase Concerts provide a platforn] for local amateur and semi.prof¢ssioiial p¢rfonners from the Chester and n¢igl)bouring aT¢as. Opportunities for pei'fomian¢¢ experience are also given to local Schooly and colleges. The Choir.. provides musi¢al participation for up to ISO adults of all ages and perfonns high quality concerts usin8 aingieur and professional musi¢i8ns from the Cliester area and beyond. CBlebrity Concerts bring national and international professlonal chamber music artists to our Chester audience. The cliarity OTgani5es a Youn8 Musician of the Year competition. This provides 8 platform for local young ai'115tS LIP thc age of 18 to comp¢le and pcrform in public. In som¢ cases, bursaries Inay be awarded lo help promising young ailists further their music ¢are¢r or their Inusi¢¥l education. The clJariry takes a l¢ading I'ole in ¢h¢ promotion of musical life in Chester and in ¢ultur&l initiatives provided by Cheshir¢ Wegl #nd Che5t¢i' Council. Page I
Chester Music Soci Re ort of the Trustees for the Year Ended 31 Jul 2025 OBJECTIVES AND ACTIVITIES Publit benefit The trustees have full regard to th¢ Charity Commission's guidan¢e on public b¢n¢fit. The charity's aims and activities fulfil the public ben¢fit requiremcnt of the Charities Act 2011. Ils charitable purpose5 ar¢ concerned with ilie advancement of education and the advancement of musical culture. ThEy olso contributr to th¢ 2dvancemei)E of citizenship and community developEnent through the opportunities offered to all age group$ to hear. participate in, and organi5e a varied rantse of Inusical events. The charity's beneficiaries are all ihose in the Chestcr region and elsewhei'e who wish to experience its activities as audien¢esi perfomers and member5. Ticket prices and subscriptions are set achieve break even against operating cost and expenses hs far as is possible. Discounted tickets and sub5¢riPtions are offered to unemployed people, people with disabiliries. school children aiid studenls. The society lakes a robust and systematic approach to assc55inu and managing risk. The risk register identifies po55ible risks to the yociery and 1$ reviewed on a regular basis. Any new risks that have arisen and any ongoing risks ali'eady idencified are di3cussed and acted upon where p055iblc at each bourd meeting. Th¢ Inain risks tliat the society id¢ntified in the current period are the failure to recover members1)ip post the pand¢tnic witli consequent Ios5 of incoinc and potential ongoing viability of all sections ofthe so¢i¢ty in their curr¢n¢ fomi. Th¢ sociery has identified niitigaiion plans to deal with these issues. A comprehensive ran8e of policies exist f(>r implernentation by the board of tnisf¢es and the wider socicty m¢n)bei'ship. These are reviewed on a re8ular basis and include the following topics.. - GDPR Financial reserv¢s Investment SafeBuardin8 children and vulnerable adults He81ih and Safety Equality, diversity and in¢lusion Conflicts of interest Risk management New tru$t¢e9 are usually recrnited following a period as members of section committees and in some cases are co-tspted prior to appointment. This ei)8ures. alongside the induction programme that new trustees are aware of their r¢5POrtsibilitle5. Page 2
Chester Music Socie Re ort of the Trustees ar Ended 31 Jul 2025 for ACHIEVEMENTS AND PFRFORMANCE Chgritable activities 2024-25 was generally a successful year despite some setbacks Wlth lower audience nutnbers. A positive resuli was achieved with a su¢¢essfvl school'5 workshop being held, the first for s¢veral years. All sections remained fiDancially viable. A successfvl and enjoyable string workshop was held in April at Abbeygale College. There were 36 participant$ playing together in various cliamber groups with guidance from experi¢Dced tOrS. The Young Musicians Competition wa5 again held at Abb¢ygate Colles¢ in November, with reasonable l¢vel of entries across a wide range of instruments and ages. The category winners overall winner perfornied in a Showcas¢ Con¢ert for th¢ winner5 in th¢ following January. This was well att¢nd¢d and appreciated by the audience. The Choir $¢¢tlon Four choral ¢on¢¢rts were held during the year. in Novernber, De¢einber. March and May. The section continued io face challenges relating io declining membership i)umber$ during the year. There was decreasc in Inembership from 130 to 126 and conscquently fewer concert tickels were sold. It is apparent that ticket sales for the thre¢ non-cliristmas conceits are proportional to Inembersl)ip numbcrs. The choir also had to contend wilh tlie staLing contractor going into adininistration in Autumn 2024. This resulr¢d in us needing to tind a new storage coinpany and a separate erection company which we managed by Spring 2025. Thus, we wuld not use our staging for th¢ first two ¢on¢¢rts of the year and had to use lower tiered but cheaper slaging provided by the Cathedral. We were able io use our own stagin8 for the final two ¢oiicerts but the hourly cr¢¢lion costs in¢reascd with the new ¢ompaiiy. How¢ver, overall, due to not usiiig our own staging foi. ttvo concerts. our yearly slaging ¢os¢s were lower than budgetcd. This reduction in expcndi¢ure on stasing, together with several fund-raising initiulives {idenlified in the previou5 season) that were put in place, enabled ihe choir to stay well withln budget. In summary the 24-25 $e8son hAS been onc of mainiaining our ¢onccn offcring whilst off-setting ri$in8 Costs and eclining in¢oin¢ through fund-raising s¢tiviti¢s. These activities will conlinue inlo the next season along with d specific iDiLiative aimed at iiicrcasing rncmbership numbers. The Celebrlty Concert 5e¢llon Ther¢ wcrc six excellent Lon¢erts starting on the 12 October 2024 and con¢luding on 12 March 2025. With continued uncertaillty of audience numbers, a ¢au¢ious approach was again taken. There were 60 subscribers, down froin 70 the previous year. Iiidividual eonceit tickets wei'e available lo non.sub5¢ribers with varying results. Three ¢oncerts produ¢¢d good audi¢nces of over 130, bul the other thiee rem&ined quite low At less than 8 100 each. The tolal door sales for th¢ six con¢ei1S were 254 which averas¢d out at just over 42 per ¢onccrt. The over411 financial situation for the seciion rcmained solid despite the de¢rease in Subscriber numbers, Nlore ifldividual cort¢ert ticket sal¢s were notgd for the sea50n. This year saw the retum o)f a Schools Workshop eyent which took place on 5 February 2025 at the Arches School. Blacon, working with children in years 3, 4 and 5. The artlsts were Flat Pack Opera includip8 l.leather Heighway piid Joe Bu¢kmaster. This proved highly succe55ful wiih the children and the teaching staff. The li¢ad teacher describ¢d the afternoon as umazing. A strategic review was carricd out by the CQTnmittee looking various ways w¢ msglit attrdct more audience and inierest in committee work. I'his was in lirte with a strategic review carried out by the CMS board of trustees. To thi5 ¢nd a queslionnaire wa5 cornpiled asking for members views on the Concert section. Results of th¢ questionnaire were not available at the time of thi5 report. The Showcas¢ sec(Son A seri¢5 of 4 concerts were held in the 2024-25 5easoD which at St Maiy's Creative Space, Chester. This season 19 people took up sub5crip¢ions, thc same as last season. There was a Éoial of 167 visitor5 who paid at the door. up from 147 last s¢ason. de$piie ihere beino one less concert. Page 3
Chester ic Socie Re ort of the Trustees r the Year Ended 3 2025 The total number of attendees including visltors and subscribers was 215 averaging nearly 54 per Concert. This is up slightly from last year's total audience figure of 206. Th¢ YM winners and Ch¢5ter Cominllrtity Orchestra brought in good audi¢nGe5 which boost¢d overall attendance levels. All the concerts weT¢ of a very good stsndard. General CMS activities aim to ¢nrich the ¢xperience of participanis and contribute to the society's goal of "furthering the publi¢ appreciation of U$l¢, Th¢ boerd of trustees owes its volunteers a large debi of thank5 and would like to take this opportunity to pay tribute to the hard work, dedication and ent1iusias1 of the many people who contribute to the success of Ihe organisation. The board of truste¢$ are extremely grateful for all the donations and SUPPDrt received during th¢ season across all the sections. FINANCIAL REVIEW Financial po$ltlon The financial re50urees held by the society are sufficient to allow IE to pursue its primo objective of furth¢rlng education and th¢ public appreciation of music. The Statement of Financial Activities for 2024125 shows that the total available fvnds at year end stood at £170,096 with a net Positive moveinent in fund5 of £2,872 compared with a net positive movement of £16,239 in 2023124. Net ii)eomin8 funds of £4.108 lcd to unresirieied fjjnds of £126,4¥9 compared with £122,381 in 2023124. Net d¢¢i'ease in funds Df £1,236 resulted in restricted funds of £43,607 against £44.843 in 2023124. The Noles to th¢ A¢¢ounts show Ihat within th¢ unrestricted fvnds thrcc designated funds, totalling £14,217 remained at ycar end. Restricted fvnds liave four namcd nds. Itquired to be used for $pccific named purposcs. There are no funds Inalerially in deficit. Our invcsimcnts continue ¢0 inercase in value producing a gain of £4,977 to £79,290 compared to 8 gain of £9,074 in 2023124. We have a modcrate ability to bear an inves(nient 1055. Th¢ socicty does not take into accouii¢ social, cnVironental or ethical ¢unsidcrtLtioiis in its investinent policy. The society's tangible fixcd &ss¥ls ihat Lould be di$p05ed of lo potentially provid¥ resources for futur¢ aLtivity #r¢ choir staging Gurrcnily valued at £30.996 and a Steinway piano CuentlY valued ai £1 0,864. Our annual income comes from subscriptions, donations, le8acie$, lioket Sales. fund raising and inve5tm¢nt$. Oui. expenditure is ¢onn¢ci¢d with both performing and proinoiing live concerts and ne¢ess&ry adminislraiion. During the lost year our pl#nned pro8ramm¢s were all 5ucce55fully completed. Throughout this last year regular on-line meetings of the board of trus¢e¢s and sub.¢ommiltees continued to ensure proper management of the 50cicty and financlal Inatters were regularly moniloitd and discussed. In particular iJo restricied funds were u$ed inappropriately. Overall, the financial position. including the reserves, of the so¢iety are such that il is able to plan and run a normal season for 2025126, whilst beiiig aware that the effects of decreasin8 audience numbers and increaslng production c05t5 require careful monitoring f4nd vigilance in order to rea¢t where necessary to ¢h8nging circumstanc05 and remain tinancially secure. Page 4
hester Music So ort of the Trustee for the Year ed31 Jul 202 FINANCIAL REVIEW Re5¢rves policy The society continues to set aside sufficient Teserve5 to enable its programme of concerts and events in order to meet the harity's aims. The so¢iety employs no staff. owns no buildu)gs or an ongoing loases and iherefore the effect of unplanned closure to benefi£iari¢s is extremely low. The following ¢onsideration$ are monitor¢d regularly by ihe board of trustees: Some activities arc not income bearing or with low income (Young Musician Competition and the schools programme) but contribute significaiitly io the society's overall objeLlives. The age demographic of our audience and memb¢rship is on the older side with the potential lo see redu¢tions in both audience and membership nuinbers. We need io ensur¢ thai we have Sufficient res¢rve$ to cover a significant underperforinance on p1alln membership or audience figures. We need to hav¢ sufficicnt reserves to ensur¢ ihat we are able to manage our ca$h flow. We need io ensure ih41 we have sufficient Teserv¢s to cover any uninsured catastrophi¢ lo$se$ in the year. We n¢¢d io build unrestricted reserves to replace some of Ihc re5tricied funds thal cam¢ from a generous gift to the society. As we ¢xpand these resiri¢t¢d ndS towards the spccific activities for whi¢h Ilicy were donatcd th¢ increas¢ in unrestricted funds will eDablc the suciety io conlinue those activities for wlii¢h tlle funds ar¢ dcsignated as ihey become depleted, The ongoing 8s5es5m¢ni and management of risk, prudent managem¢nt of resources and planning to ensure sufficient reserves ensures that Services are maintained.The society aims to hold r¢serve$ of about £48,000. Page 5
ester Music Soci f the Tn]stees for the Year E d31Jul 2025 PLANS AND OUTCOMES FOR 2024-25 Create a strategic plBft for the next ihree years to define how the future of the society will be maintained. OUTCOME: A strategic review was held which identified various COUTses of a¢lion to be pursued over the next few years in order to maintain th¢ viability and relevance of the society. Provide a range of concert5 and events suithble for the prevailing conditions of m¢TnbershipTr audience interest ai?d Ihe financial i'esiraints imposed by external factors. OUTCOME.. This was g¢nerdlly achieved with similar level$ of activity as previous year5. Endeavour to attract intere$t from local sthools in our workshops and the possibility of live perfom)ance. OUTCOME: One hi¥hly suc¢essfiJl Schools Workshop was l)eld at Arches School, Chester. Maintain thorough budgeting pro¢¢sses to ensure the society remains solvent. OUTCOME.. All sections reTnained in a good financipl position against a ba¢kground of challertg¢s from decreased audience numbers and rising cost5. Continue to 5¢areh for n¢w ¢oinmittee members. OUTCOME.. A new board member was recruited during the y¢ar. namely Jan Lea. Plans for the 2025-26 seyson Continue to consolidate the findings and actions of the 2024-25 Strate8i¢ Review. Continue to provide a rang¢ of concerts and events suitable for th¢ prevailing conditions of membership> Inte1 and the finYLncial restraints impos¢d by ¢xi¢rnal factors. audience Consolidat¢ the Celebrity and Show¢a$e sections into a single seciion to be call¢d Concerts. Endeavour to provide at least two schools workthops. Continu¢ to Search for new committee members. STRUCTURE, GOVERNANCE AND MANAGEMENT Gvverning doeumciit The ¢h¥rity is a company liinited by guarantee. goY¢rn¢d by 1¢$ M¢inorandutn and Arti¢l¢s of Associalion. It is regi5t¢red as a charity with ihe Cl)&rity Commission. The board of trustees meets al Icast five times a year: day io d8y management uf the activities is in the hands of three se¢iional committee5. Any fund5 SUTplus to requirement5 4r¢ hold in interest bearing deposit accounts or recommended investment5 which are reviewed on a regular basis. One third of the trustees who are 5ubjcct to retirement by rotation are elected annually at the companys Annual General Meeting. All board members #i'e volunteers and unpaid. There is a simple vettirlg procedure for new board meinbers. and they are 5ubjeEI to a short induction process. The charity is a member of Making Music, the UK'S fDremost umbrella group for amateur music. This assists with technical and developinenial aspocts of the chaTity'S activities. REFERENCE AND ADMINISTRATJVE DETAILS Registered Company number 0479376D (England and Wale$} Registered Charity number 1099094 Registered office Unit 2 Tht Oaks Stanncy Mill Lane Chester Cheshire CH24HY Page 6
ic theye 31J 1 20 Truibte M Clarke Chaynwi Mrs P F Cla0 Vi¢¢ thairman Mrs S J Russell Se¢relary Dr D J TaylorTt¢&surer Dr S MTaylorAssistanttre&surer DrJL Wi&hlade Publicity, cwpted {resign¢d 2111llS) J RFerrari JJP¢nn DrB B Ranby M5 J E Lea(Ippoln¢e412Jir23) Compwny Se¢r¢¢8ry Mrs S J Russell Independent Examlner MrA M Bmgnall FCA Johnstone Howell & Co Unit 2 The Oaks Stsnncy Mill Lano Chester CheshiT¢ CH2 4HY FUNJ)S HELD AS CUSTODIAN FOR OTHERS 'nw charity does not hold funds on bdwlf (Ff any othercharity. Apptovryj by orderof the bo of trugtets on 15 December 2025 and signed on b behalf by.. M CIArk¢- Tn Page 7
Inde endent Examinerfs Re ort to the Trustees of Chester Music Socie Independent examiner's report to the trustees of Chester Music Society ('tbe Company,) I report to the charity trustees on my examination of the accounts of ihe Company for the year ended 31 July 2025. Re5pon51bilities and basis of report As the charity's trustees of the Company (and also its directors for the purposes of company law) you are r¢sponsible for the preparation of the accounts in accordance with the requirements of the CoJnpanies Act 2006 {'the 2006 Act,). Having satisfied myself that th¢ accounis of the Company are not required to be audiied under Part 16 of th¢ 2006 Act and are eligible for independent examination, I report in respect of my examinatiuii of your charity's accounis as L&irried out under Section 145 of the Charitl¢s Aci 2011 {'the 201 l Act,). In carryii)g out Iny exainination I have follow¢d ihe Directions given by the Charity Commission under Section 145(5) {b) of the 201 l Act. Independent examiner's statement I have completed my examinaiion. I confimi that no matter5 have come w my atiention itj connection with the examination giving ine cause to believe.. accounting records were not kept in respect of the Company as reguircd by Section 386 of th¢ 2006 Act; or the accounts do not accord wilh ihose rc¢ords', or th¢ account5 do not comply wilh the accounting requiremenis of Section 396 of ihe 2006 Act o¢li¢r ilian any requirement ihat th¢ accounts giv¢ a true and fair view whi¢h is not a matter con5id¢red as part of an independ¢nl examination., or the accounts have not been prepared in accordaii¢e with th¢ meihods ond principles of the Stateiiiciit of Recommended Practice for accounting and reporting by ¢harities (applicable to charitie5 preparing their accouiils in accordance willi ihe Financial Reporting StaiJdard applicable in the UK and Republic of Irelènd (FRS 1021). I have no concerns and have come aeross no other Imaiiers in connection wi¢h the exaininaiion to which attention should be drawn in this report in ol'der to enable a proper undersianding of the accounts to be reached. Mr A M Bagnall FCA Th¢ Institute of Chartered A¢¢ountants in England and Wales Johnstone Howell & Co Unit 2 The Oaks Stanney Mill Lane Chester Cheshir¢ CH2 4HY 15 Dec¢mber 2023 Page 8
Chester Mu51¢ Socie t¢ment of Financial Activiti rEnd£d31 Jul 2 25 for 2025 Total funds 2024 Totlll funds Unrestricted funds Restricted funds Notes INCOME AND ENDOWMEF4TS FROM Donations and legacies 32,558 32.558 47.874 Charllable ActSvltle5 Furth¢ring publi¢ appreciation of music 41.556 41,501 41.418 Oiher trading activities Investment income Other income 11.508 857 264 11,508 857 264 9,786 842 Total 86,743 86,748 99,920 EXPENDITURE ON Raising fuiids 2.806 2,806 2,949 Chxrllable 8cllvltle5 Furthering public apprcciation of music 79,125 2.857 81,982 85,720 Other 4,065 4,065 4.086 Total 85,996 2,857 88,853 92,755 Net gains on investments 3,361 1,616 4,977 9.074 NET INCQMEI(CIXPENDITURE) Other recTrgnlstd galiisl(losses) A¢ttJarial gains on dered benefit schemes 4.108 (1,236) 2,872 16.239 Net rnovemenl In fund¥ 4,108 (1,236> 2,872 16,239 RECONCILIATION OF FUNDS 'rotal funds brought fonvard 122,381 44,843 167,224 150,985 TOTAL FUNI)S CARRIED FORWARD 126,489 43.607 170,096 167,224 The noles forn) part of these fanCIal statements Page 9
Chester usic Socie Balance Sheet 31 Jul 2025 Total funds 2024 Toial fui)ds Unrestricted fimds Restricted fund5 Notes FIXED ASSETS Tangible assets Investinents 41,859 53.545 41,859 79,290 25,745 74,i13 95.404 25.745 121,149 118,622 CURRENT ASSETS Debtors Lash ai bank 829 36,661 829 54,523 303 56,304 17,862 37,490 17,862 55.352 56,607 CREDITORS Amounts falling due within one year 10 16,405) (6,405) (8.005) NET CURRENT ASSETS 31.085 17,862 48.947 48,602 TOTAL ASSETS LESS CURRENT LIABILITIES 126,489 43.607 170,096 167,224 NET ASSETS 526.489 43,607 170,096 167,224 FUNDS Unrcstrictgd fvnds Restricted ndS 126,489 43,607 122,381 44.843 TOT AL FUNDS 170,096 167,224 The charitable Company is enlitled io exemption from audit under Se¢¢ion 477 of ihe Componies Act 2006 for the year ended 31 July 2025. The membtt have not r¢quired the ¢ompany to obtain #n audit of ils flnaneial siar¢ments for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006. The trllsiees acknowledge their responsibilities for (a) ensuring that the Cliaritable company keeps a¢counting records that comply with Sections 386 and 387 of the Companies A¢t 2006 and prepuring financial stotements which give a true and fair view of the state of affairs of the choritable company as at the end of each fmancial year and of its surplus or deficit for ¢ach financial year in a¢¢ordance with th¢ r¢quiremcnts of Sections 394 and 395 and which otherwisc eomply witl) the r¢quiremrnts of the Compani¢s Act 2006 relating to financial statements, su far as applicable to thc cliaritable company. (b) The notes form part of th¢se financial statemen¢5 Page 10 continued.-.
These fjn2ncial statements e been pr¢pwed tn 0[dance with the pmvisions applicable to oharlrable compgnies bj¢ct ¢0 the S1 eomponi¢s re8ime. Th¢ fthpJLGial statements We approved by th¢ Board of Trustees and authoriscd for issue 15 Dmnixr 2025 arvj We signed on its behalf by.. S J Russell- TN5te¢ D J Taylor- Thistee The notts fornp&rtof thes¢ fjnaDcial stat¢met Pwll
hester Music So¢i Note he Financial StateTnents for the Y Ellded 3 1 Jul 2025 ACCOUNTING POLICIES BASIS of prephring the flnancial statements The financial slatements of the chgritable company, wl)ich is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 102) 'Accounting and Reporting by Ch4ri¢ies.' StateTnent of Recommended Practice applicable to chariiies preparing their accounts in a¢¢ordanc¢ with the Financial Reporting Standard applicable in ihe UK and Republi¢ of Ire12nd (FRS 102) (effective l January 2019),, Fiiiancial Repoiting St8Thdard 102 'The Financial Reportiiig Standard applicable in the UK and Republic of Ireland, and th¢ Companies Act 2006. The financial statement5 havc been prepared under the historical CQbt convcntion, with th¢ ¢xception of investmcnis which are included at market value. as modified by the revaluation of certain assets. Income All income is recogni5¢d in the Statement of Financial Activities once th¢ charity has entiilement to the funds, it Is probable that the income will be rec¢lved and the amount can be measured reliably. Expenditure LiAbilitics are recognised as expenditure as soon as ihere is a l¢gal or constructlve obligatiort coinmiriing the charity lo that cxpenditure, it is probable that a transfor of ¢conoini¢ bencfits will be required in selilemcnt and the ainount of thc obli8aLion can be measured reliably. Fxpenditure 15 a¢¢ounted for on an a¢¢ruals basis and Ilas been classified undcr lietLdings tl)at aggre8ale all cost relatcd lo the category. WheTe costs cannot be directly attributed to parti¢ul&r hcadings they hav¢ been all¢x8ted to activities on a basis con$sStent with Ihe use of resour¢es. Tgng5ble fixed #ssets Depreciation is provided at the following annual r&t¢s in order to wriie off each asset over lis estimated usetkni Staging Piano 50/u 01) Cost 5Yo on reducing balance Taxatlon The chariiy is exernpt from corporation lax on its ¢harit?ble activities. Fund 8ceountlnK Unr¢slricted funds can be used in accordanc¢ with rh¢ charitable objectives at the discretion of the trustees. Restri¢ted funds can only be used for particular restricied puryoses within the objects of the charity. R¢strictioiis arise when specified by the donor or when funds are I'aised for particul&r re9tr1Cted purposes. Further explanation of the n&ture and purpose of each furld is included in the notes to the finan¢io1 statements. Investments Investments are stated at market value as at the balonce sheet date. The Statement of Financial Activiti¢s inLlud¢5 the net gains and losses arising in the r¢valuation and disposals of investments during the year. Investnient income is account¢d for on an accruals ba5l5. Unrealised gains and 1058es are calculated by COTnparing previou5 balance sheet valuation to the year end valuation. Pag¢ 12 continued...
r Music Soc Note5 to the Financial Statements- ¢oTrtinued for the Year E ed31Jul 20 OTHER TRADING ACTIVITIES 2025 2024 Fundraising a¢tivities Subscriptions (service elemertt ) Sponsor5hipg 6.564 4,344 600 4,426 4,860 500 11.508 9,786 INVESTMCINT INCOME 2025 2024 Depo$ii account interest 857 842 NET INCOMEI(EXPENDITURE) Net incom¢l{expendi(ure) is stated after Chargin(CreditIng)'. 2025 2024 Depreciation- owned asseis 2,450 2,480 TRUSTEES, Rfi MUNERATION AND BENEFITS Th¢re were no tru5tees' remun¢rotion or other benefits for tho year ended 31 July 2025 nor for the year ¢nded 31 July 2024. Trustee5' expenses There were no trusiees, expenses paid for the y¢ar ended 31 July 2025 nor for tlie yeur ended 31 July 2024. COMPARATIVES FOR THE STATEMFNT OF FINANCIAL ACTIVITIES Unr¢$tri¢ted funds Restricted (ut)ds Toial funds INCOME AND ENDOWMENTS FROM Donations and l¢8aties 47.874 47,874 Ch#ritible AclLVitI¢$ Furthering public appreciation of music 41,413 41.418 Other trading activities Investtnent income 9.786 842 9,786 842 Total 99,915 99,920 EXPENDITURE ON Raising funds 2,949 2,949 Charitable 8ttlvltie5 FurtheTing public appreciation of music 84,209 85,720 Other 4,086 4.086 Total 91,244 1,511 92,755 Page 13 continued..
Ch Music Socie Notes to the Financial Statements- continued for the Year En l Jul 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- continued Unrestricted Restricted funds funds Total funds Net gains on investments 6,128 2,946 9.074 NET INCOME Other reeoglli5ed galnsl(105ses) Actuarial gains on defined benefit Schemes 14.799 1.440 16,239 Net movement in funds 14,799 1,440 16,239 RECONCILIATION OF FUNDS Total funds brought forward 107,582 43,403 150.985 TOTAL FUNDS CARRIED FORWARD 122,)81 44,843 167,224 TANGIBLE FIXED ASSETS Staging Piano Tota15 COST At l Augusi 2024 and 31 July 2025 37,554 19,250 56,804 DEPRECIATION Ai l August 2024 Charge for year 4,680 1.878 7,815 572 12,495 2,450 At 31 July 2025 6,558 8,387 14,943 NET BOOK VALUE At 31 July 2025 30,996 10,863 41,859 At 31 July 2024 32.874 11,435 44,309 FIXED ASSE'f JNVESTMENTS Listed inyestmeiits MARKET VALUE At l August 2024 Revaluations 74,313 4,977 At 31 July 202S 79,290 NET BOOK VALUE At 31 July 2025 79.290 At 31 July 2024 74,313 There wer¢ no investmeTrt assets outside the UK. Pag¢ 14 continued...
Chester Music ie Notes to the Financial Statement5- continued for the Ended 31 Jul FIXED ASSET INVESTMENTS- continued Cost or valufttion at 31 July 2025 is represented by. Listed investments Valuation in 2022 Valuation in 2023 Valuation in 2024 Valu41ion in 2025 Cost 7,506 (2,2681 9,075 4,977 60,000 79,290 DEBTORS: AMOUNTS FALLLNG DUE WITHIN ONE YEAR 2025 2024 Trade debtors Pr¢paymcnts 80 749 303 829 303 io. CREDITORS: AMOUNTS FALLINC DUE WITHIN ONE YEAR 2025 2024 Othcr ¢reditors Accru¢d expenses 100 7,905 6,405 6,405 8,005 ii. MOVEMENT IN FUNDS Nel movement in funds At 1.8.24 At 31.7.25 Unrestrlcted funds General fijnd Hallett memorial fund Sliowcase a¢livities fund Choir fundraising fund 111,797 475 (60) 710 2.983 112,272 50 11,184 2,983 10,474 122.381 4,108 126,489 Restricted funds Choir trips fund Celebrity concerts Baxter fund Piano maintenance fund Young musicians, nd 2,538 30.837 3,930 7,538 (55) (614) 29 (596} 2,483 30,223 3,959 6,942 44,843 (1,236) 43,607 TOTAL FUNDS 167,224 2.872 170,096 Page 15 ¢ontinued...
Chester Music Socie Notes to the for the Ye ncial Statements- cont Ended 31 Jul 2025 ii. MOVEMENT IN FUNDS- continued Net movement in funds. includ¢d in the above are as follows.. Incoining resource5 Resources exp¢tkded Gains and 1055es Moveinent in funds Unrestrlcted funds GencraS fund Hallett memorial fund Showcase activities fund Choir fundraising fund 81,790 {84,676) (60) (1.260) 3,361 475 {60) 710 2,983 1.970 2,983 86,743 (85,996) 3.361 4,108 Restrlcted funds Choir trips fund Celebrity concerts Baxter fund Piano maintenance fund Young musiciaiis, fund (60) (1,697) (loo) (1,000) (55) (614) 29 (596) 1,083 129 404 (2,857) 1,616 (1,236) TOTAL FUNDS 86,748 (88,853) 4.977 2.872 Comparatives for niovement In funds Net movement in fijnds At 1.8.23 At 31.7.24 Unrwtrlctcd funds General fund Halleii memori81 fund Show¢a5e activities fund 95,961 914 10,707 15,836 1804) (233) 111,797 110 10,474 107,582 14.799 122,381 Restri¢¢ed funds Choir trips fund Celebriiy concerts Baxter fund Piano m8intenanc¢ fund Young musi¢ians' fund 2,594 28,862 4.145 7,802 {56) 1,973 (214) (263) 2,538 30,835 3.931 7,539 43,403 1,440 44,843 TOTAL FUIYDS 150.985 16,239 167,224 Pag¢ 16 ¢ontinued..
hesttr Music Socie Notes to th nLial Statements- continued for the Year ed 3 1 Jul 2025 MOVEMENT IN FUNDS- Contlnued Comparative net movement in fund5, included in the above are as follows.. Incoming I'e50ur¢es Resources expended Gain5 and losses Movement in funds Unrestricted funds General fund Hallett memorial fund Showcase a¢tiviiies nd 98,026 408 1.481 (88,318) (1,212) (1,714) 6,128 15,836 (804) (233) 99,915 {91,244) 6,128 14.799 Restrlcled funds Choir trips fvnd Celebrity ¢oncert5 Baxter fund Piano maintenance nd Young musicians, fund {61) {56) 1.973 (214) (263) 1,973 236 737 (450) (I,ooo) 2,946 1,440 TOTAL FUNDS 99,920 {92.755} 9,074 16,239 A cuTrent year 12 rnonihs and prior year 12 monihg ¢ombined position is as follows: Nel movement in funds At 1.8,23 Ai 31.7.25 Unrc5trlcted funds General fund Hallett niemorial fund Showcase actlVLties fund Choir fundraisin8 fund 95,961 914 10,707 16,311 (864> 477 2,983 112,272 50 2,983 107,382 18,907 126,489 Restricted funds Clioir trips fund Celebrity concerts Baxter fund Piano maintenjnee nd Young musicians, fund 2,594 28,862 4,145 7,802 2,483 30.221 3,960 6,943 1,359 (185) {859) 43.403 204 43,607 TOTAL FUNDS 150,985 170,096 Page 17 continued...
Chester M ocie Note he Financial Stdtem¢nÉs~ Continued for th ar Ended 31 Ju 25 ii. MOVEMENT IN FUNDS- Continued A current year 12 months and prior year 12 months combined net movement in funds, included in the aboye gre as follows.. Tncoining resources Resource5 expBnded GaiThs and 105S¢5 Movement in funds Unrestricted funds General fund Hallett memorial fund Showcase a¢tiviiies fund Choir fundraising fund 179,816 408 3.451 2.983 (172,9941 (1,272) (2,974) 9,489 16,311 (864) 477 2,983 186,658 (177,240) 9,489 18,907 Restrlcted funds Choir trips fund Celebrity concerts Baxter fund Piano maintenance fund Young mu5i¢ians' fijnd (121) (1,6971 (550) (2,000) 3,056 365 1,359 (185) (859) 10 {4,368) 4.562 204 TOTAL FUNDS 186.668 (181,608) 14,051 Desl%n9t¢d funds The designated Hallett meinorial fund 15 ser aside for us¢ in activities in memory of Geofftey and Lila Hallett. The designated Showcase activiti¢5 fund is set aside for the future stability of the Showcase section. The new d¢signAted Choir fundraising fijnd is set asid¢ to $upport the activities of ihE choir in thNre years. Any Surpluses froin choir fviidraising activiti¢$ that are not needed to balan¢e the annual choir in¢ome and expenditure coniribul¢ to thi5 fund. Re$trl¢led fund$ The Choir trips fijnd is r¢$trieted to use by th¢ choir on their concen trips. The restricted Celebrity concetts Baxter fund Contains donations restri¢ted for use by the Celebrity Concerts seciion. The res¢ri¢ted Piano maintenance fund is to help maintain the quality of the Piflno used in ihe Celebrity Concerts series. Thc restricted Young MusiciS, fund 1$ to provide bursaries for outstanding young musicians and to facilitate acces$ to live classical musi¢ perforniance for young people. Page 18 continued...
ter Music Socie Notes to the Financial Statements- conti for tlie Year End UI 2025 12. RKLATED PARTY DISCLOSURES There were no related party transactions for th¢ year ended 3 1 July 2025. Page 19
Che t Music Soci Detsiled Statement of Financial Activit. for the Year End l Jul 2025 2025 2024 INCOME AND ENDOWMENTS DonatioDs and legacles Donations Cyift aid I,ega¢i¢s Subscriptions (donation element) 1,464 5,459 6,161 11,575 27,793 25,635 32,558 47,874 Other tradlng 8etiYitie$ Fiindraising aclivities Subscriptions (service element ) Sponsorships 6,564 4,344 600 4,426 4,860 500 11,508 9,786 Investment incorne Deposit account intcresl 857 842 ChAritAble aclivitl¢s Sale¥ of concen tickeis and prograrnmes Educational activitie$ 39.320 2,241 39,132 2,286 41.561 41,418 Other Incorne Othcr income 264 Total Incomlng resources 86,748 99,920 EXPENDITURE Ral$lThg donAtion$ 8nd leg4ci¢s Fundraising expense5 2,806 2,949 ChJritAble actlvities 14all hire Insurance Admiiiislration Advertisinglpublicity Artistslaccompanistsl condu¢fors Instrumentslmusic PrIntinpy0grAMmeSlticketsI ticket commission Miscellaneous production costs Educatiopal activitics 22,527 889 593 2.859 41.935 3,377 5.784 519 3,499 27,467 838 706 1,090 43.85S 1,453 5,698 1,684 2.929 81.982 85.720 Olh¢r Other Carried forward 75 75 74 74 This page does not forni part of the statutory financial statemeDIs Page 20
Chester Music Socie Detailed Statement of financial Ae ivities f r the Year Ended 31 Jul 202 2025 2024 Other Brouoht forward Staging Piano 75 1.878 572 74 1,878 602 2,525 2.554 Support costs Flnance Bank charges 340 332 Governance costs Ac¢ountan 1,200 1,200 Total re50urc¢s ¢xpended 88,853 92.755 Net (expendlture)lin¢ome (2,105) 7,165 This page does not forni part of the statory financi81 statement5 Page21