Confidentral external Inlomiatlon CHARITY REGISTRATION NUMBER: 1123118 Bath Abbey Muslc Society Unaudltsd Financlal Statoments 31 March 2025 Confident*al extunal Informailon Bath Abbey Muslc Soclety Flnanclal Ststements Year ended 31 March 2025 Page Trustee's Annual Report Independent examinerfs report to the trustees Statement of Financial Activities Statement of Financial Position 10 Notes to the Financial Statements 11 Conftdent?al external Inforniatkni Bath Abbey Muslc Soclety Trustee's Annual Report Year ended 31 March 2025 The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2025. Reference and admlnlstrdtlve detslls Reglstsred charity name BathAbbey Music SOc￿ty Charfty Reglstratlon Number 1123118 Prfncipal Office 9 Kingston Buildings Bath BA11LT The tru8toes Mr P Blackmore MrA Randall Mrs S Byme Ms D Cardy Mr R MGHugh Mrs E Commander Mrs D James Mr T Saunders (appointed 9 June 2024) Independent e￿Iner Richardson Swift 11 Laura Place Bath 8A2 4BL Confldentsl external Inlormatlon Bath Abbey Music Society Trustee's Annual Report (Contlnued) Year ended 31 March 2025 Structure, governance and management Constltutlon Bath Abbey Music Society is an unincorporated charity and is govemed by its constitution which was adopted on 24 February 2008. Oryanlsatlon ofthe charfty The trustees form an Executive Committee which is responsible for the management of Ihe charity. In making their decisions the Trustees tske advice from the Director of Music of Bath Abbey, ￿rrentlY Mr Huw Williams. The Society has no paid employees, and its administrative functions are performed by the Trustees and other volunteers. The President of the Society. who has no exeojtive role other than chairing General Meetings, is the Rector of Bath Abbey, and the Chaiity operates in close hamiony with the Abbey authorities. Appolnknent of trustees The charity elects the Trustees and offices of Chaiman, Secretary and TreaSU￿r at its Annual General Meeting. The trustees can appoint new trustees and (xn appoint such trustees to the office of Chaimian, Secretsry or Treasurer from time to time. All Trustees shall retire with effect from the conclusion of the Annual General Meeting next after their appointment but shall be eligible for re-eledion at that general meeting. Objectlves and actfvltles The Obpcts of the Society are defined in the Constitution and are: To advan￿ the mission of Bath Abbey by providing financial support for the Maintenance and improvement of the Abbey's choirs, music and musical equipment and facilities. b. To bring the music of Bath Abbey to the widest possible audience. c. To enhance Bath Abbey's capacity for charitable gNing by providing administrative and organisational support for fund-raising musical performan￿5 in the Abbey promoted by the Parothial Church Council {PCC), and d. To advance the musical and general education of the Choirs of Bath Abbey by providing financial and organisation support for choir tours and for perfonnances at venues other than Bath Abbey. Conftdendal external Infom￿tIon Confidentfal external Infomialjon Bath Abbey Muslc Soclety Trustee's Annual Report (Contlnuad) Year ended 31 March 2025 Achievements and perfommn The Society promoted a series of organ recital in partnership with Bath Abbey, called Bach@Bath275. These started in November 2024. to ￿lebrate the 275 anniversary of the composer Johann Sebastian Bach. The Director of Music at Bath Abbey (Huw Wlliams), played the complete organ works of Bach on Bath Abbey's magnificent Klais orrJan. Each recital had a bar selling drinks, all proceeds for ticket and drinks sales went to Bath Abbey Music Society. The Boys Choir visited Paris in May 2024. which included walking tours of Paris and a boat trip on the Seine. The Boys sang with boys from the College Stsnislas and sang at the chapel of College Stanislas Not￿ Dame sous Terre, Saint Sulpice and Sainl Eustache. They also visited St Paul's Cathedral in London in October 2024 and finished recording the new CD Everfasting L￿ht which was launched in June 2025 to ￿lebrate 150 years of the Boys Choir and Lay Clerks. In June 2024 Girts Choir and Lay Clerks were part of a joint Evensong with the Youth Choir of Brunswick (Ge￿any) to celebrate the Twinning of Braunschweig and Bath The Girfs Choir visited York in July 2024 and performed at York Minster. The Melody Makern led by Dewi Rees continued to thrive and had over 40 members during the year. They performed the Snowman in November 2024 and sand a combined cOn￿rt with Kingswood in the Spring. The Abbey Chamber Choir, established in 2022 continues to grow. It meets on a Thursday and sings about two services per month and was directed by Pewi Rees until April 2025, when the new directorAdam Field tskes over. On 1 February 2025, a special Evensong took place whlth Induded a World Premiere by Francis Grier Psalm 67. It was especially commissioned to ￿lebrate the 150 anniversary of the Boys and Lay Clerks Choir estsblished in 1875. A Musical Soiree, was perfornied by the Bath Abbey cholrs ¢Jn 1 March 2025. Supported on the piano by Huw Williams and Dewi Rees, the choirs entertained a large audien￿ with a light-hearted programme of songs from the shows, opera arias and choruses. It was a great evening and a great opportunty for the choristers and lay cleths to show(ase their amazing talenL There were a number of Solo Soiree's he5d in the Abbey Song School to allow members of the boys and girfs thoir the opportunty to perform in an intimate setting. In November the Abbey choirs gave a moving perfomiance of Bfahms A Gemian Requiem, for Rernernbran￿ Day. Performed by carKllelight and induding the Piano duet and poignant readings. Confidentlal extemal Inforrr ifidential external infomuijon Bath Abbey Music Society Trustee's Annual Report (Contlnued) Year ended 31 March 2025 The BAMS concerts in December (A Christmas Celebration aThd Christmas Oratorio by J S Bach) were a g￿at success tsking record ticket and drinks sales. The Society plays an important role in the musical life of the Abbey and is always keen to encourage new members and provide opportunities to support music in the Abbey by helping as a volunteer steward or helper on the bar at music events, or as a Trustee for the Society. More recently the Society has supported successfvl bars at certain concerts throughout the year run by BAMS volunteers. The Society remains in good financial health and remains committed to supporting the musical life of the Abbey outside of the regular and necessary pattem of choral worship. The Society woukl like to take this opportunty to thank formally those who help its work; its volunteers who steward and run the bars at the Society's events. and the music shop, operations and finance staff of the Bath Abbey office who assist with the practical running of the Society. Financial Revlew The socid￿s income was £48,001 for the year. Following expenditure of £34,297 the Society ended the year with a surplus of £13, 703. Reserves in the Society at the end of the financial year remain healthy at £89,081. The Reserves Policy states that at least £30,000 should be held in a separate investment account, the balance of the CCLA investment account at March 2025 was £34.205.70. Donations and incoming grants were £5,260 for the year, which is less than the previous year due to specific donations re￿Ived in the previous year in relation to the Baroque CD and Chorister needs. Expenditure for the year was Slightly less than the previous year, due to increased cOn￿rt and tour costs, net off by a decrease in recording costs. The BAMS concerts in December 2024 and March 2025 were well attended and generated a surplus of £11,740. The costs and Inco￿ for the Bath@BACH275 Organ Recitals Series were partly shared belween the Society and the Abbey, there ￿re a number of recitals this year where all the proceeds were re￿Ived by the Society. The recital series generatsd a surplus of £4,870. Recording ￿sts In￿rred in the year (£2,473) relate to the final instalment for the Boys New 150 Years CD, Everlasting Light that was launthed in June 2025. General administration costs are low and cover the cost of incidental expenses, the distribution of Infonnation to members. and the costs of preparing the annual accounts. The Society beneffts from tax rebates under Gift Aid. c￿fidentIal erternal Irrforniat Confidentlal extemal Information Bath Abbey Music Society Trustee's Annual Report (Contlnued) Year ended 31 March 2025 Plans for the future The Boys Choir will tour Wales in May 2025, singing at St David's Cathedral. A special choral evensong will take pla￿ in June 2025 to launch the Boys New 150 Years CD, Everlasting Light. Alumni choristers will join the Bath Abbey Choirs in a Patronal Festival to mark the occasion. The Gids Choir will visit Belgium in July 2025, singing at the Menin Gate and in Ypres, Ghent and Oudenaarde. There will be a Rernernbran￿ Concert as well as the two regular Christmas con￿rtS. The trustees annual report was approved onl.q.o&d. f tDLunts falllng due wlthln one year 17,849 Net current a88ets 89,081 75,378 Totsl a¥#ets188s current Ilablllt186 Net a88ets Funds of the charlty Restricted funds Unrestrrcted funds 18,975 70.1( 21,849 53,529 Total Charlty fund8 The financial staternents were approved by the board of trustees arKI authorised for issue on..14 Gt*hr....qv.i( ..arKI are signed on behalf of the board by: Mrs D James MrR cHugh Treasurerrrrustee Chaimianrrrustee Th• n(ts• on p•ge• 11 to 17 forni wt olthue fina￿1 slatements. 10 Confidential external Inforn Confidentlal external inforniation Bath Abbey Music Society Notes to the Financlal Statements Year ended 31 March 2025 1. General Inforniatlon The Charity is a public benefft entity and a registered tharrty in England and Wales and is unincorporated. The address of the principal office is 9 Kingston Buildings, Bath, BA1 1LT. 2. Statement of Compllance These financial statements have been prepared in compliance with FRS 102, °The Financial Reporting Standard applicable in the UK and the Republic of Ireland., the Statement of Recommended Prnctice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)(Charitss SORP(FRS 102)) and the Charities Act 2011. 3. Accountlng policles Basls of preparation The financial statements are prepared on a going con￿rn basis under the historical cost convention, modified to indude ￿rtain items at fair value. The financial statements are presented in Sterling which is the functional currency of the charity and rounded to the nearest £1. The financial statements have been prepared to gNe a 'true and faiff view and have departed from the Charitss (Accounts and Reports) Regulations 2008 only to the extent required to provide a Irue and fairf view. This departure has involved following the Accounting and Reporting by Charities: Ststement of Recommended Practice applicable to charities preparing their accounts in accordan￿ with the Financial Reporting Standard for Smaller Entities published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. Golng Concern The society has no regular financial ￿MmItMentS other than the governan￿ costs, including the preparation and examination of annual accounts, and other small administrative co&s, and is currently not obligated to make any dorkqtions or grants. There are, therefore, no material unCertain￿S about the chanty's abilty to continue. Dlsclosure Exemptions The entity satisfies the criteria of being a qualifying entty as defined in FRS 102 and advantsge has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the chaiity (b) Disdosures in respect of financial instruments have nol been presented 11 Confidential ext￿1 InfOrn￿tiOn Confidentlal e¥temal InfOrn￿lson Bath Abbey Music Society Notss to the Financial Ststements Year ended 31 March 2024 3. Accountlng policles (condnued) Judgments and key sources of estlmatlon uncertalnty The charity makes estimates and assumptions con￿mIng the future. The resulting accounting estimates will, by definrtion, seldom equal the related actual results, The estimatss and assumptions that have a signfficant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below. Stock consists of CD'S for ￿Sale and an estimate of net realisable value has to be made for the slow moving or older CD'S. . Fund Accountlng General unrestricted income funds comprise those fvnds which the trustees are free to use for any purpose in the furtheran￿ of the Society's chantable objectives. Designated unrestricted funds are funds designated for a particular purpose by the trustees. Restricted fvnds are fvrKls received for purposes specified by the donors and those funds are spent in accordan￿ with the donor's wishes. Incoming resources Income re￿iVed in respect of concerts and recitals is recognised in the year in which the event took pla￿. Voluntary income is received by way of donations and gifts and is recognised when the charity is entitled to the funds, it is probable that the income will be received, and the amount can be measured reliably and is not deferred. Income tax reo)verable in on gift aid donations 18 recognised when the donation is received. Volunteer5 In donatsd servlces and facllltles The value of services provided by volunteer5 is not incoTporated into these financial statements. Resources expended Expenditure is recognised when a liability is incurTEd and includes irreix)verable VAT. Charitable activities include expenditure associated w(th specific organ recitals and concerts held during the year together with the costs of purchasiThJ, producing and Commissioning CD'S. Governan￿ costs include those incurred in the govemance of the chaiity and its assets and are primarily associated wÉth constitutional arKI secretsrial requirements. 12 Confidential extffnal Irrform￿O Confldentsal external Informatl Bath Abbey Music Society Notes to the Financial Statements:. Year ended 31 March 2025 3. Accounting policies (continued) Stock8 stocks are valued at the lower of cost and net realisable value. Flnanclal Instruments A financial asset or a financial liabilty is recognised only when the entity becomes a . party to the contractual provisions of the instnjment. The charity only has financial av6ets and financial liabilrties of a ￿"nd that qualify as basic financial instruments which are initially recognised at the amount receivable or payable induding any related transaction costs. Current assets and cxjrrent liabilities are subsequently measured at a cash or other consKleraa'on expeded to be paid or re￿iVed and not discounted. 4. Donatlons and legacles Unrestricted Restricted Totsl Funds Funds Funds 2025 Donations Donations Re￿iVed 2.310 2,950 5,260 Unrestrlcted Restrlcted Totsl Funds Funds Funds 2024 Donations Donations Re￿iVed 5,055 11,500 16.555 5. Charftable actlvrtles Unrestricted Totsl Funds Unrestricted Totsl Funds Funds 2025 Funds 2024 Membership subscriptions Con￿rtS and Drinks Organ recitals CD Sales Calendar Sales 2,385 28,888 5,370 4,483 2,385 28,888 5,370 4,483 1,923 21,866 2,031 6,033 1,923 21.866 2,031 6,033 998 41,126 13 Confidentlal external Informatlon Confidenoal aternal Infomat?( Bath Abbey Music Soclety Notss to the Financial Statsments Year ended 31 March 2025 6. Investment Income Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Deposit Interest Receivable 1.615 1,615 1,511 1.511 7. Expenditure on charltsble actlvltles by fund type Unrestricted Funds Restricted Funds Total Funds 2025 Con￿rtS Organ recitals CD Costs Tour Costs Support Costs (17,147) (500) (2.473) (4.107) 4.247 28,474 (17,147) <500) (2,473) (7,648) 6.530 34,298 (3.541) 2,283 5.824 Unyestricted Funds RestrScted Funds Totsl Funds 2024 Con￿rtS Organ recitals CD Costs Support Costs (10,172) (326) (10.269) 5,610 26,377 (1.500) (11,672) (326) (15,269) 5,946 (5,000) 336 6,836 Expenditure on charftablo activities by actfvlty type Concerts Organ CDS Grants and Tours Recltsls and Op. costs Total Funds 2025 Total Funds 2024 Concerts and Tours Organ Recitals CD Costs Grants Operating Costs Govemance Costs (24,795) (24,795) (11,672) (500) (326) (2.473) (15,269) (500) (2,473) (5,000) (5,000) (4,446) 1,530 1.500 6530 500 34,298 14 Confidentsal ts1ml Infontsijon Bath Abbey Music Society Notss to the Flnanctsl ststsments Year ended 31 March 2025 9. Independent examination fees 2025 2024 Independent examination Fees 1.530 1,500 10. Staff costs The tharity had no employees during ￿ current or P￿vIouS year. 11. Trustse Yemuneration and expenses No remuneration or other beneffts from employment with the charity or a related entty We￿ re￿iVed by the trustees and there were no expenses reimbursed to the trustees. 12. Stocks 2025 2024 CDS for resale 2,735 4,502 13. Debtors 2025 2024 Other Debtors 28.341 24,369 14. Creditors: amounts falling due within one year 2025 2024 Accruals and deferred Income 11,514 17,849 15 Confidenttal external inforrnat5on 15. Analysis of charltable funds Unrestrictod funds At1 April 2024 Income Expenditure At31 March 2025 General funds 53,529 45,051 28,474 70.106 Income Expenditure At31 March 2024 April 2023 General funds 26,376 39,416 53 529 Restrictsd funds At 1 April 2024 Income Expendlture At31 March 2025 Boys 150 anniversary fund Choral Scholarship Fund Choristers Robe Cleaning Fund Miss N E V Raisy Legacy Sandra Le Marchant 8.692 4,500 116 3,541 5,000 8.692 5,167 116 2,950 (2,283) (3,541) 5.000 2.950 At 1 April 2023 Income Expenditure At31 March 2024 Boys 150th anniversary fvnd Choral Scholarship Fund Messiah Concert fund Choristers Robe Cleaning Fund Miss N E V Raisy Legacy Andrew Fletcher Baroque Sandra Le Marchant 9,028 3,000 1,500 116 3,541 (336) 8,692 4,500 1,500 (1,500) 116 3,541 5,000 5,000 11,500 (5.000) 5.000 21,849 17,185 (6,836) 16 Confidenllal exttrnal Inftirmatlon Conlldenttal external Infomiatton 16. Analysis of charitsble funds (contlnued) The Boys 150 anniversary fund is to be used to support the costs of the boys, choir This includes choral tuition and transport. The Choral Scholarship Fund is to be used to support the choral scholars. The legacy Income from Ms NEV Raisy is used to create a restricted fund to support the fuiure development and participation of boys in the choir. including the funding of touts, concerts and recordings. The funds in the year to March 2025 were spent on the Boys Choir Tour to Paris. Sandra Le Merchant donated funds to be used to support children with the greatest needs to give them equal opportunity with the other choristers. It should be used to fur￿ transport both to Bath Abbey and on tour, as well as music lessons. 17. Analys18 of not assets between funds Unrestrlcted Restrlcted Total Funds Funds Funds 2025 Current Assets Credrtors less than 1 year NetAssets 81,621 11.514 70,106 18,975 100,595 18,975 89,081 Unrestricted Restrlctsd Total Funds Funds Funds 2024 Current Assets Creditors Jess than 1 year Net Assets 71,378 17,849 21,849 93,227 17.849 75.378 17