2020-04-30-accounts - The Huddersfield Choral Society

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		Page
Officers, Committee	and Advisers
Trustees' Report		3-9
Auditors' Report		10-12
Balance Sheet
Statement of Financial Activities		14
Concert Account
Other Engagements		16
Summary of Income	8 Expenditure	17
Notes and Accounting Policies		18-26

Refer	ence and Ad	ministrative De	ministrative De	ministrative De	ta	ils o	fthe Charity, its Trustees	and Advise	and Advise	rs
1.	The name	ofthe Charity					-The Huddersfield Choral	Society
2.	Charity Registration		Number				- 1100851
	Company Registration			Number			-04925029
3.	Registered	Office					-Revenue Chambers, St	Peters Street, Huddersfield,
							HD1 1DL
4.	The Chadity	Trustees		and Directors as shown on the information					page have held office
	since 1 May 2019or			as indicated.
5.	The following also served as					a Director of the Company in		the financial		year ended 30
	April 2020:-
	Adrian Lee	(Treasurer)					resigned 12July 2019
	Susan Sandford (Librarian)						resigned 12July 2019
6.	The day to	day management				ofthe Chadity is delegated by		the Directors		to the Officers
	detailed on	the information			page,
7.	Principal Bankers						-Yorkshire Bank PLC, 40	New	Street, Huddersfield
							HD1 2BT
8.	Solicitors						-Ramsdens Solicitors LLP, Oakley House,
							1 Hungerford Road, Edgerton,		Huddersfield
							HD3 3AL
9.	Auditors						-Simpson Wood Limited,	Bank Chambers,
							Market Street, Huddersfield,		HD1 2EW
10.	Investment	Managers					- Investec Wealth &Investment		Limited,
							3Wellington Place, Leeds LS14AP

HUDD RSFIELD CHORAL SOCIETY	HUDD RSFIELD CHORAL SOCIETY	HUDD RSFIELD CHORAL SOCIETY	HUDD RSFIELD CHORAL SOCIETY	HUDD RSFIELD CHORAL SOCIETY	Com	Li	Guarantee
NSLANCE 8~ET
30APRIL 2020
						NOTES	2020	2019
								f
Current assets
Debtors and prepayments							26,462	11,896
Investments							84,383	90,436
Cash at bank	and in hand						145,812	174,908
							256,657	277,240
Creditors: amounts		falling		due within one	year	8	(29,015)	(57,703)
Net assets							221,642	216,631
Reserves
Unrsstr/cted
General Fund							152,993	144,927
HCS Friends'	Fund						3,337	4,795
Youth Choirs'	Fund						15,826	12,977
HCS Voices Academy			Fund				0	0
Development	Fund						8,251	8,029
Tours and Recordings			Fund				19,978	19,726
							200,385	190,454
R sfr/cfed
Coward/Sargent Memorial				Fund			1,501	1,492
Welfare Fund							756	2,591
John Harrison	Memorial		Fund				25,000	25,000
							27,257	29,083
Total charity	funds						222.642	2111,631

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			2020	2019
			K	E
Gross Income			241,933	368,981
Gain/(loss) on disposal of investment		assets held by income funds	(73)	(23)
Total income			241,860	368,958
Total expenditure			(229,006)	(347,267)
Net income/(expenditure)	forthe year		12,854	21,691

Statement	ofRecognised Gains and Losses		2020	2019
Net income/(expenditure) for the year			12,854	21,691
Unrealised	gain/(loss) on investment assets		(4,749)	1,456
Unrealised	and realised income/(expenditure)for	the year	8,105	23,147

THE HUDDERSFIELD CHORA OCIE YEAR ENDED 30APRIL 2020	THE HUDDERSFIELD CHORA OCIE YEAR ENDED 30APRIL 2020	THE HUDDERSFIELD CHORA OCIE YEAR ENDED 30APRIL 2020	TY A Com	TY A Com	an Limited	b Guar ntee
NOTES AND ACCOUNTING POLICIES			(continued)
Debtors and Prepayments						2020	2019
						E	6
Other debtors						17,994	8,148
Prepayments and accrued		income				8,468	3,748
						26,462	11,896
Investments			2020		2020	2019	2019
This investment	portfolio is held		E			S	8
with Investec Wealth &Investment			Cost		Market Value	Cost	Ilarket Value
Limited and can	be analysed
as follows:-
UK fixed interest	securities		17,090		18,949	24,135	25,251
Overseas fixed	interest securities		5,042		4,734	5,042	4,799
UK equities and	funds		19,661		18,357	19,269	21,927
Overseas equities and funds			25,993		32,217	21,501	30,044
Property &alternative assets			8,095		8,519	4,497	4,640
Cash ledger			1,590		1,590	3,735	3,735
Interest accrued				0	17	0	40
			77,471		84,383	78,179	90,436
						2020
						E
						Market Value
Market value at	beginning	ofyear				90,436
Acquisitions at cost						13,099
Disposal proceeds						(12,185)
Cash movement						(2,145)
Net gain/(lass) on revaluation						(4,749)
Profit/(loss)on disposal of		investments				(73)
Market value at	end ofyear					84,383
Creditors: Amounts Falling Due			Within	One	Year	2020	2019
						6	6
VAT payable						5,098	5,246
PAYE payable						107
Other creditors and provisions						13,910	32,240
Deferred income						9,900	20,217
						29,015	57,703

S AND ACCOUNTING P	S AND ACCOUNTING P	O	LICIES (	co	ntinued)
Unrestricted Funds								2020	2019
								6	6
Balance brought	forward						190,454		168,856
Net income/(expenditure)								14,376	19,848
Gross transfers	between	funds						375	317
Unrealised Gain/(loss) on			investments					(4,749)	1,456
Realised Gain/(loss) on disposal of				investments				(73)	(23)
Balance carded	forward						200,385		190,454
Restricted Funds								2020	2019
								E	6
Balance brought	forward							29,083	27,534
Net income/(expenditure)								(1,451)	1,866
Gross transfers	between	funds						(375)	(317)
Balance carried	forward							27,257	29,083
Allocation ofAssets and			Liabilities		Between Funds
	2820 f		2020 f		2020		2018 8	2018 8	2018f
Unrestricted			Restricted		Total	Unrestricted		Restricted	Total
	Funds		Funds		Funds		Funds	Funds	Funds
Debtors and
prepayments	26,462			0	26,462		11,896	0	11,896
Investments	84,383			0	84,383		90,436	0	90,436
Cash at bank
and in hand	118,555		27,257		145,812		145,825	29,083	174,908
Creditors	(29,015)			0	(29,015)		(57,703)	0	(57,703)
	200,385		27,257		227,642		190,454	29,083	219,537

The average monthly number of employees (excluding trust (2019-1).	ees) during th	e year was
Incoming Resources from other Activities for Generating	Income
	2020 8	2019 f
Sale ofrecordings and other merchandise	1,019	2,210
Royalties on recordings	206	1,173
Sale ofbooks	332	12
Sale ofmusic folders	0	280
Sale of/refunds on dresses etc Sale ofchoral attire	0 705	(20) 120
Sale or hire ofmusic	1,394	1,021
Sundry	465	1,044
	4,121	5,840

YEAR ENDED 30APRIL 2020 i	YEAR ENDED 30APRIL 2020 i	YEAR ENDED 30APRIL 2020 i	b Guarantee
NOTES AND ACCOUhlTING POLICIES (continued)
13.	Managing and Administering the Society		2020	2019
			6	8
	Youth Chairs' donation		0	911
	Officers' and secretarial expenses		1,944	1,027
	Concert agent's fees and expenses		125	24,401
	Choral director's fees and expenses		18,361	0
	Music Director's fees and expenses		130	2,244
	Administrator salary and related costs		17,956	25,951
	Printing, stationery and postage		1,364	1,073
	Insurance and subscriptions		808	848
	Annual meeting expenses		5,387	3,877
	Other meetings expenses		193	789
	Purchase ofrecordings and other	merchandise	0	737
	Purchase ofbooks for sale		263	0
	Purchase ofgarments for resale		1,910	0
	Gifts and donations		333	547
	Music purchase and library costs		1,571	3,702
	Replacement music		0	12
	Investment manager's costs		1,355	1,344
	Bank charges		62	102
	Media support and website costs		4,384	3,314
	Recruitment expenses		552	281
	Subsidy from Development Fund		0	0
	Advertising and promotional material		1,146	0
	Business Voice: Media support and website costs		0	0
	Events and other expenses		116	556
	Sponsorship —HCSYCs		0	2,000
	Donation		2,500	5,000
	Support granted	—HCS	0	24,000
	Audit fees		2,400	2,599
	Bookkeeping and payroll costs		694	0
	VAT partial exemption annual adjustment		0	(386)
	Dressmaking costs		0	481
	Newsletter		892	1,393
	Currency accounts - losses/(gains)		(8)	9
	Sundry expenses		388	1,026
	Costs ofthe Friends ofthe Society		3,964	4,000
	Costs ofthe Youth Choirs		570	3,979
	Costs ofthe HCS Voices Academy
	-professional fees and expenses		5,742
	Costs ofthe Development fund		0
	Costs ofthe Tours &Recordings	Fund	0
	Costs ofthe Sir Henry Coward and
	Sir Malcolm Sargeni Memorial Fund		0	0
	Costs ofthe Welfare Fund		1,950	982
			77,052	116,799

14.	Gross Transfer tothe General	fund		2020	2010
				E
	Transfer from the John Harrison	Memorial	Fund	375	317