C(xnpany regislrabon number.. 06515248 Charity registration nurnber 1123716 Yorkshire Philharmonic Choir Limited (A company limited by guarantee) Annual Rewrt and FinwKial Statwrwits forts Year ErKl•J 31 A￿uSt 2022 Angda Riley FCA CTA Bsc AKR Associates Limited Lower Making Place Farm 6 Soyland T¢Jwn Ro*J Sowerby Bridge HX6 4NB Yorkshire Philharnionic Choir Limited Contsnts Reference and *￿mInIstrative Oetsi15 Trustees Rewrt 2to6 Independent Examiners Rewrt Statement of Financial Actmks Balance Sheet Notes to the Finan￿al Statements 10t015 Yorkshire Phllharnionlc Cholr Llmit•d Reference and Admin53tra￿v9 Detalls Tru81• Derek H(1￿11. - Chairman Jennrfer A Stephenson J¢)hn R Whek2n Antony Ostome ison M Elcock Wendy Nuttcm) S•cr¢knry Charlty Reg18tratlon Number 1123716 Company R•glstrntlon Numb•r C6515248 The charity is incorFtrdted in England. 3 Newfiekl ANtnue RwjlsteT￿ Offlce West Ywkshre WF6 1SL B•nkarn CAF Bank Ltd 25 Kiros Hill Avenue ngs Hill West Mwling Kent ME19 4Ja ShwAbrook Bank Limited Lutea House Warfey HIH Business Park The Drive. Great Warky 8rentlofd CM13 3BE Independent Ex•mlner Angela Rity FCA CTA Bsc Lcp••Er Making Pl*e Fami 6 Soylard T¢M R¢)3d HX6 4NB Page 1 Yorkshire Philharnionic Cholr Umltsd Trustees Report The Irustses, who are direct￿$ tr the purposes of company law, present the annual réFK)rt together wth the financial statements of the charitth company for the year ended 31 August 2022. OblKtlvM and a¢tlvttl•8 ObJ•¢ts and aims The objectNes of the charity are to promote, improve, devebp maintain public education in and appreciation of the art anLf science of choral arKI instrumental rnuS￿ iTTr all its asp8¢ts by the presentation of wblic concerts. Publlc benefit We have referred to the guidan￿ contained in the Charity COrnmi55h￿'5 general gu￿anCe on public benefit ￿en reviewing our aims and obJectsv￿ and ￿ pknning our fijture activf(ies. In particular. the Trustees consider hThv planned xtbvikn'es will contribute to the aims and obJ8ctryes they have set. The trustees confinn that they twe wnplied the r￿Uirements of ￿tK)n 4 of the Charib8s Act 2011 to have due regard to the pubjt t*nefft gupJaKe published by the Charty Commiwon for England and Wa￿. Achlev•m•nts and p•rformanc• R•vl•w of th• 2021r22 Season lrt Septemt*r 2021 we were at last ab￿ to wt Ihe fear of Covid 19 tehind us w*d. V￿th appropriate guid￿Ce. risk assessments and care. meet again for regular 'live' rehearsals and to onco more Gontemplate a retum to perforynarw. We established our rel￿arsal in the kqrger yJrrC￿rK1ings of the Quegn EIEabeth Grammar School IQEGS) main hall. allowtng sèattng to be spread and to take advantage of the greater ventil8twJ area the large hall wovths Rehearsals began at 1 'A hour durati￿, wthoLrt any LYeaK with a short break being intrLbJuced only nlty. It Ès our irrtentxjn next season to retum to a full 2 h￿r weekty reheat5al wth a full bwk m￿- way through. Rehearsal break bwng such an impcKtant part of our social *tivity vthich we have really missed. As stated in last yearfs rep)rt Chtyr numbers have been maintained despit# all the dk8ruption and POrtiCLTrlarty Suc￿91u1 'open' rehearsal has Meant a ￿nsiderab￿ addition of n•¥ and exeÉllent singers, so that now, as I writs, singing r￿Mt￿lsh￿ is at 100. the same as before the lockdowns began. Great thought VAS given to hcyw we might encour¥Je wr aUd￿￿S to retum lo a season of concert$ and, w)rking closely wth Wakefdd Cathedral 's guidel1￿$ in an innovative way, our pre- concert aftemoon 'dre55 rehear581s' became 'free enty walk4n Concerts. at our November and D￿mber ¢oncerts. These respectively featu￿ a short program of'choral Crackefs, and tradib.onal c8rols and Chfistmas Mus￿. These aftern￿n events proved very popular with both Tegular and new concert goers. Both were well attended and, if the retiring offerings Y￿re anyth'ng to go by. ￿re greaty appreaated. Both concerts were follo￿*d in the evening by a fuller. ticketed vers(on on the same themes. Taking these together, in numt*rs alone, saw there was an eagerness to On￿ awn experience the live music eV￿￿e had been missing for the 2 years of Cowd 1cckd0￿8. Page 2 York8hirn Philham￿nIC Choir Limltod Truste88 Roport Following the good responses to the first 2 concerts, 2022 saw us reverting b&k to ￿gUlar concert activity with Haydn's 'Creation' being our Spring c(￿Cert. perfrKmed ents'rely from memory and once again wth the joy of a full orchestral accompaniment. as Amici retumed to share the car￿t platro with Lts. It was a superb evening. surKJ to a cap*Jty Calhedral audien¢e. Our sumrr*r concert fuhllled a commitment whKh 'fdl ty the wayside. as a resujt of Covid - the 10th Anniversary Ferfmnce of 'This PreCi￿S Earlh. by Jonathan Bielby. Commissioned by the YPC in 2009 and given rts world wemier Fwforynance by the chow in 2010. the perfomiance was onginal planned for June 2020. As COVKJ prevented that ￿ dwded to perform il as soon as FOSSIb￿ after return. The work ftths8s on Ckmate Change. pollutN)n and ￿r part in it and in hopefulty successful reversing it. As topical rthv as when first written, rf Tr)t more so. it features wide resources including choir. children's choir. orchetra, 2 solry"sts, narrator and a dithjeridw. As at ts first perf0rna￿e, it was re￿I¥¢d lo a stsnding avat￿n. ackn(Mledged by the composer himself. The Evening also featured ' Eternal LhJhV, a requiem by Hcward Gxmlall. a work written at the same time at 'This Prec￿uS Earth, but ￿t F*eviousty Ferfomgj by the YPC. The concert began with a tribute to Her Majesty Queen Elizabeth. nwking her Pkqtinum Jubi￿￿. ￿th the cholr singin9 Benjamin Britten's arrangement of 'God save the Queen.. wignant n¢J4V. Sin￿ her recenl passing, that it was the last tsme we will be able to sing thc￿• to honour her. Without doubt the most notable point of this Seas￿ was the Fwsonal announc8m8nt in January by our MusKal ￿'TeCtor, Dr. Andrew P￿rnOre. that after 34 years at the hdm he had decided the time was now right to retire from his pxrtion as of June 2023 and that therefore n&xt season will be his last with us. Words fail to say just how much Andrew means to us as a ch(ir and mwh he has done in develoyng the YPC over that perThl lo the PreM￿r ch(xr of today. q a choir I guess we all knew sorneday that announ¢•r£nt would ineviiabty comè, however, it is no less sad when it does. It herabjs the start of a per*Jd of tremendous change in the life of the YPC. especially as, in June, Tcm Mor￿, our acL7)mpani%t for rm than 20 years, announ¢ed he would also be leaving us to tske up hLS new F(tsitK>n as DIr￿tOr of Music at SL Matththvs, Northampton from 1 September. Andrew and Tom's musical partnership and leadership of YPC ha$ been the foUndat￿)n on wh￿h music81 standards and excelknce in perforrnan¢e has been bu1￿. To lose both so quickly wll be very real challenge. however, it is one detemired to the aHffidence and optimism. Next season is the thoirf$ Platinum JUbl￿e. 70 years of sirrfJmg. As we look t*k and celebrate the past, the YPC is eager to move fcvwaTd into thi% certain that there aTe ew mo memorable times ah8ad. The Pfocess of appointing a new MD will cornm￿￿ later Ihbs year. Page 3 Yorkshire Philhamionic Choir Limitod Trustees Report Flnanclal revlew The YPC began the Seas￿ from a wund financAal FK>siIKJn, T*lth the p)ssible expectats'on that finan￿$ mwjhl suffer this year 85p8aalty if aUd￿nCeS vRre reluclant to retum. It was also appropriate for Committee to grant a 'fm' year to Patrons thr(￿gh Covtd had paMI their fees for concerts which were T￿t performed. Despite this ho¥￿ver. finar￿$ ha￿ hekj up well. As indicaknj. above audiences dNJ return and the 2 'extra' innovab've walk4n conrArts also provKled inc¢)me not an￿1pated. Some Patrons, fees we receNed frcrfn those who had not contribuled the preyicrtjs year due lo the thkd(y￿n situat*)n. The Accounts reflect this Sh￿Trng an overall small defiut covered from eash balances. The UF¢oming season. YPC'S 70th Anniversary season and Andr￿ P*Jmore'$ final season as MD, wll feature S concerts some requiring signrficant musKal reswrces. Addibonal spjnsorship has atready te8n rec8N8d to assist Ihks a￿j mtye i8 being soughL The populanty of the music chosen as well a5 the signtficance of the season, shtyjld al￿ go(MJ audiences. The charity had incoming resources fof the year of £42,996 12021 - £20,058} and expeThditu￿ of £49,110 12021 - £17,367) giving a deficbt of £6.11412021- £2.691 surplus) for the year. Both income and expenditure in the current year are distcrfted ty the Canc￿￿t￿ of events ift 2021 and 2022 due to COVKI 19. Funds brought fopwsrd at 1 Septembw 2IY21 were £43.127 With furKls carried forward of £37.013. The trustees, rese￿eS pyjly continues to be to have the equlva￿nt of 3 to 6 months expenditure in unrestricted reserve at the eTvJ of the year. to ensure the future viability and contsnuation of the organisation in the event of signfftant losses on events. or Cuts in future fvnding, this is equivalent to befvfftn £12,277 and £24.555. tsking the 2022 expenditu￿ foure of £49.110. The equivalent T￿ureS for 2019, being the last year unaffected by Covid 19 were betr￿n £15.523 and £31,047 on a total expenditure figure of £62,093. The unrestricted reserves at 31 August 2022 we £25.013. 12021- £37.627) This ￿ghtlY exc*eds 6 months, worth of the 2022 expenditure although the 2022 expenditure was abnormalty res￿￿'n9 from reduced xtivity due tc Covid 19. It ts reassuring that the reserves are still within the 2019 tsrgel range. prtnclpal fundlnq sour¢•s When we are able to gr4e cc*Kerts our PWTVJ Fdicy reflects our strategy of enabling all wthin our communtty, whatever their means. to taka part in our activibes, and to attend our COr￿ertS. We achieve this wth the supwrt ol our sp¢￿90TS. Golng cone•m The trustees perceive that the Covid 19 restJrt￿S during th8 last year5 represented an exBtential threat tha raised uncartainties about the charws abilty to C￿tinUe as a going concem. Any such future uncertainty 1$ not consthred to affert the carryiThJ value of assets held by the charity. Fixed assets comprising of staging are sh(ywn at £1.209 (2021 - £1,511>. In the evant of a failure to continue for any reason the staging would probaw rnt realBe arything. Page 4 Yorkshire Philharnionic Choir Limitsd T￿￿te08 Report Strncture* govern•nce and manag•m•nt Naturo of govomlng document The charty. as a comparhy limited ty guarantee. 15 govwned by ts Mem(*arKlum and Articles of Associat*￿ dated 27 February 2008. I trustees are appointed C￿ a voluntary basis, and do not r￿e1Ve any remuneration for their time. All exFenses reirnbursed to trustees ara disclosed in the xcounts. Indu¢tion and tralnlng of trustees New trustees a￿ briefed ￿. Iheir begal ouwbons under ¢harit¥ and ￿mpanY law, the Charity ComMiss￿n guKlance on wblic benefft. and infwmed of the content of the Memorandum and Arts'des of Assctiation. the ¢ommittee and de￿￿￿-makIng Prr￿se$. the current plans and recènt financial performance of the charity. The Chtyr govemance ts undertaken ty a L7)mmlttee (￿sISting of all tnjskes plus officers elected 8t the AGM to undertake SFeafic fUnct￿￿s and up to 4 ch¢yr ffleM￿ ￿p￿SentativeS proposed and elected at the AGM. The latter serve for 2 years The Commrttee M s)ccashJn will establish a suboommittee for specific lasks. this can include Gommittae members bul also others from chw ￿￿trAShIp ¢(Fopted for the specific task. Each suIKommittee reports back to the fvll oynmiitee and its decish)ns are ratffied. R•latlonshlps wlth r•latod partlo Please nole.. The Choir annualty Sp￿Sor$ the Margaret MarklaThJ Choral Bursary at the Le8ds Collegè of Music. This is made wssible by a swific sponwship by ts Liz arKI Terry Bramall Foundal*)n. Follo￿n9 agreemonl with the College and the Foundaticrf). that the Bursary woukl not run in 2020f21 due to COVKI, the 8ursary ￿11 restart for 2022￿3 season. The Trustees have identified that finartial $ustain*lty is the mw financial risk for the charity and in particular a rKurranc¢ of a lockdNn occasioned by any fijture workl ew'demic. A key element in the management of financial risk is a regular review to ensure that future cx)ncerts aTrJ tour5 are budge18d to cover costs and to ensure long temi planning takes xcount ￿ need to maintain reserves to cover costs in uncertain times. The Trustees and Commiltee receive a financial report on general account at every meeting. As recomrr*nded for dl music oryani5ations the Choir has in fv inSura￿e, provided through 'Making Music. to Gover risks 5umunding ¢))ncert prc#Ju¢X¥)n induding cancellatKin. althO￿tt Covid 19 was exduded due to the eXcePti￿al circumstsnces involved. Page 5 Yorkshire Philharnionic Choir Limited Trustees Report Statement of Trustees, Responsibilities The trusiees (who are also dtrectors of YofkstM"re Philhrnic Choir Lsmited for trte purposes of company I￿) are responsitAe for preparing the financial staiements in accordance with apFAic*le law and United Kingdcln AccountiThJ SlaTrJards IUnit&Y lQng(kni Gen￿allY Accepted Accounting Practice). i￿￿diT￿j FRS 102 Fina)cial Reports'ng Standard appli¢able in the UK and Republic of Irdand" CtThpany law r8q￿reS Ihe trustees to F*epare statements for eath finanrial year. Under company law the trustees musl not approve the statements Lmless they ¥e sabsfied that they give a true and fair view of the slate of affars ￿ th8 ¢h*#Jle cOMp￿Y the ino)ming resources *KI ap￿1¢abon of resources. irthj.ng its inccffie 8x￿di1Ure. of the charitable company for that penod. In wepan'ng Ihese finana* statements, th8 trustees are requir￿ to.. select suitabbe W￿nting p)licies aTrJ 4)pty theffl c￿￿1Stenty. observe the methods al￿ in the Chanties SORP, make JUdg￿ents e51imaes ¥e reaSon￿e and wjent: slate Whettr￿r apF4icable aCco￿ting standwds. ¢crfnFMsing FRS 1 ￿ haNp been followed. sutr4.ect to any mat￿* dePartl￿ disdosed aThJ expL4ined in the financia stalement5' and pr8pare thg financial statements IM the gory oJKem basis unless it is inappropriate to presume that lh8 charitable CC￿npanY will ry)nts"nue n busmss. The Iruslees are responsible ￿ keepirKJ accAxmtiTr3 r8cords Ihat Can disclose ￿1￿ re8sc￿able accuracy at any time the finarKia posiiion of the chant*e c(¥npJry and enatrAe them to ensure that the finarKid statements cOm￿Y with the CompwNes Act 2Cth. TW We 450 responsible for safeguarding the assels of the tharitabte wnp*y fthce taking reasonable st8ps for the preventson and detect￿ of fraLwJ olher irreg￿an1185. The trustees are resFonsible for the martworKe ￿ intyity of the Co￿Orate aF* fin￿Cial information induded on ￿ charitaL48 comwis *Bbsrte. Legiskb'm govemiryJ the weparation and dissemination of finana81 statements may (Mferfr(xn W'dation in otheriurisdictions. Iq oa22 a•J on its b8hatf by Apwovgd by the IrLtstee5 ￿the thanty ￿............... OJ/ Derek Hcwell Trustee Page 6 Yorkshirn Philhamionic Cholr Limitsd Inde￿ndent Examlnevs Report to the trustees of Yorkshlre Phllharmonlc Cholr Umited ('the Company,) I rep)rt to the charity trustees on my eX￿inab"On of Ih& accwnts rf the C(Wn￿Y for the year ended 31 August 2022. RMpon•lbllltle• •nd b••l• ol v•port As tho charfty's trustees of the Comwy aso its dirKtrKs for the Pa￿(￿e$ Lrf eomFony l•w) you are respon%ble for the preparation of the accounts in acoydance with the r8qUiTements of the Companies Ac¢ 20061'the 2LX6 Acf). Having satisfied myseK thai the accounts of the cC￿pa7Y are not required lo be audited under Part 16 of the 2006 Art and a￿ elig*Jl8 for indeperthnt examination. I rewt in respect of my examination of your Charity's accounts a5 c£fTied out under 5ecbM 145 of the Chartti8s kt 2011 I'th? 2011 A¢ti. In caThwng out my examinat¥)n I have folkyArd the Dyecti'ons gi%*n by the Charity Commis$icn under 8action 14SISI{b) of the 2011 Ind•p•ndMt •x•mkn•e• •t•tsm•nt I have ccffipSeted my examination. I C￿￿1M7 thal no matters come to my attenti¢x in connedon with Ihe examin*iM giving me cause to belie￿. 1. accounting records were not kept in TesFect of Yorkshire Philhamionic Cmir Limited as required by 8ect5Dn 386 of the 2￿% kt or 2. the accounts do not ac£fjrd wilh those ￿ or 3. the accounts do not COTnpty with the *counling raquirunents (A seclKfft 396 of the 20(% Act otheT than any requirement that the accounts give a 'true and fair ￿lch is not a matter ¢￿31de￿d as pwt of an independent e￿ni￿ation., LY 4. the accounts h8¥e not teen Prepared in accordartt V&ith the Charities SORP IFRS 102}. I have no concems and have come across no other matters in ccfflneclirm ￿ Ihe ex*nMiation to vthich attenlion $houhJ be dr•*n in thbs report in Ofder to en8lJle a proper understandirwJ of the a¢¢ounts to be rnached. Riley FCA CTA Bsc AKR As¥ociates Limitsd Loww Making Place Fa 8 Sowand Town Road Soworby 8ridge HX64NB Yorkshire Phllharniontc Choir Limited Statement of Financial Activities for th• Y•ar Ended 31 August 2022 (Including Incom• and Exponditure Account and Ststement of Total Rocognisod Gains and Losses) Total 2023 Income and Endowments from: l)onats"ons and legacies Charitable xtivities Investment income 6.524 24.399 73 6.524 36,399 73 12.OCK) Total Income 12,000 42,996 ExpendStur• on: Charitable activiknes 43,610 5.500 49.110 Totsl Expenditure 43,610 5.500 49,110 Net movement in funds 112,614) 6.500 16,114) Reconclllatlon of funds Total funds brought forward Totsl fvnds carrigd f(Kward 37,627 43,127 11 25,013 12,000 37,013 Total 2021 In¢omo •nd End¢)*in•nts fr￿￿. Donations and legacaes Charitable xtivtts"e5 Investrnent income 7.167 12,718 175 7.167 12,716 175 Tc)tal Income 20,058 20,058 Exp•ndltur• on: Charitabb xtivitEs 15.367 17,367 Total Expenditure 15,367 2.000 17.367 Net movement in funds 4.691 12.000) 2.691 Rwn¢lllatlon of lundB Tolal funds brought forward Total funds carried foThRrd 32,936 37,627 40,436 43,127 11 All of the ch81ity's actrvitses derNe from C￿tinuIng OFVab￿S during the above tsvo Feriods. The funds breakdown is shown in note 11. The notes on pages 10 trj 15 form an integral part of these financk?I statements. Pagé 8 Yorkshire Philhamionlc Choir Limited {Rogistration number. 06515248) Balance Sheet as at 31 August 2022 2022 2021 Flxed assets Tang1t￿e assets 10 1,511 Current assets Stocks Debtors Cash at b￿k in hand 475 377 43,747 41.622 44,5¥J Credltorn: Amounts falllng du• w*hln one yw 7.181 2,983 Net cuffent assets 41.616 Nel as8ds 37,013 43.127 Funds of the charKy: Restrtcted 12.CMJ) Total unrestrlcted funds 25,013 37.627 Total fvnds 11 37,013 43.127 For the financial year ￿Ing 31 A￿USt 2022 thar7ty was to exemOK)n from audit UfKler $￿tiOn 477 of the c￿p￿e$ Act relatiro to smai comr￿eS. Dir￿lorS. ￿SponsIbl11￿eS'. The memLv5 have rKJt rewred the tximi to ijtthn rts accowts ft)r the year in question in accordance with sectirm 476.. and The directors ￿knO¥￿e&Je ther fe5ponsibblrt*s eLxnpNyng With the rwur8ment5 of the A¢t wilh respect to a¢countJ"ng records the preparaknc￿ of ￿Ounts. The naxial ststements on paJes 8 to 15 were by the trustees, ￿ aulh0ri5ed ft)r i$$ue on QL. !Land s￿ned on their tohaif by" 08rek H¢Thvell Twstee Aliscn M Elco¢k The tv)tes on pages 10 10 15 inW81 part of financial statemerbts. Yorkshlre Phllharmonic Cholr Llmlted Note8 to thé Financial Statsments for the Year Ended 31 August 2022 1 A¢￿￿￿tIng pollcle• 8umm•ry of $lgnlnc•nl •ccountlng polid•s •Trd k•y accounting •Btlm•t The principal accounting pDli￿e8 4>plied In the preparaticfft of these financial ststements are set out below. These pdicies heve been consistenty applied to all the Fyesented. unless Otherwise ststed. •tement of compllanco The financi81 statements have been pr￿r0d in aCcord￿ce with hmwnltng and Reporting by Charities.. Statemwtt of Recommended Pra¢tice applicable lo charthes preparing their accourrts in accordance with the Financial Reports"ng Standard aPp[ub￿ in the UK and RepLsblic of Ireland IFRS 1021 (effective 1 January 20191 ICharrt*s SORP IFRS 1￿2)), the Financial Reportsng StarKlard appkable in the UK and R•pubk of Ir•land IFRS 1021 and the C*Ae Ihat Ihese ¢￿￿l￿on$ vjill fulfill&S in the reporting pervJd. I￿Ing resources Ircrfn lax redeims are induded in the &at￿ent of Financial Acti¥iti85 at the same time as the grfl to which they wlate. Exp•ndttuve AJI expendrture is recognised On￿ there ￿ ¥ legal or constructNe Obhgali￿ to Ihat expenditure. it 1$ ¢)bable settiement is requiTed and Ihe amount can be measured reliably. Al costs are allocated to the applKable expenditure heading that aggregate sin￿r costs to that category. Whtre costs cannot b• diredy ottrilxrted to paitul•r h•athTV they have been allocated on a basis consitytent with Ihe use of resources. Page 10 York3hlre Philharnionic Choir Limitod Not•8 to th• Financial Slaternents for the Year Endéd 31 August 2022 Ch•rft•bl• octlvftl•s Charitable expenditure comprises those costs KKUrr￿ by the charity in the delivery of rts a¢IN￿'e$ and seNices for its benefriaries. It I￿SUde5 bolYF ￿$ts that can be all￿ated directty to Such a¢tivikn"es and those costs of an indirect nature necessary to support them. Support Costs Support costs indude central fvndions and have been alk)cate(I to acts¥ty Cost Categor￿ on a basis nsislenl wrth the use of resources, for example. alocab'ng propety costs by flwr areas, or per ¢aprta. stsff costs ty the time swt other costs ty th*r usage. G0v•rnan￿ ca•ts These include the costs attributable to the charity's e4%npliance wth constitutional and statutory requirernents. including audrt, Strategic management and trustee5' meetr.ngs and reimbursed expenses. Tanglblg fix•d a•80ts Indmdual fixed a￿ets costing £200.00 or fmre are initialty r￿ed at (y)st, ￿ any subsequent umulated depreoalion and wjbsequent accumulated Impairr￿n1 k)sses. Dèpmelallon and amortlutlon Depreciab'on is provided on Lqngible fixed assets so as to wnte off me cost or valuat￿. less any estimated residual value, over exFected useful economtc lrfe as folkn¥s." A••ot class Oeprnclatlon and rnt• Fixtures fth.ngs and equIpn￿l 20% reducing balan￿ basis Stock is valued at the kyww of ¢ost and estim8ted sdling costs to complete and sell. after due regard for obsolete 8rrfl skmf moving St￿kS. Cost i% detemined u&ng the first4n, first-out (FIFO). Trade debtorn Debtors comprise deposits and payments in advance for expenses for a subsequent finonGiel year. Trad• crndltorn C￿dttorS indude accnjals for costs rdatir¥J to thè current fThncHI year that were not paid until the folthmng year aThJ incom8 rekb'n9 to fulure pernds le￿1￿ed n the CUf￿nt year. Fund •trudurn Unrestricted income fvnds are general funds that are available for use at the trustees, dIscret￿)n in furtherance of th8 objectives of the charity. Designated funds are unrestrcted funds sat a&de for spe￿￿ purposes at the discretion of the trustees. Restrrted Ir￿M6 lunds are those donated for use in a paitthlar area or lor specific purp)ses, the use of which is restricted to that area or purpose. Page 11 Yorkshire Philharnionic Cholr Limlted Notss to the FIr￿nCial Statements for the Year End•d 31 August 2022 2 Incom• from donatlons and l•g•GI•s Unrnthct•d funds Total 2021 2022 Donations and legacies; Donations from Companies, trusts and similar proceed5 Donations from irKlividuals Gift aid reclaimed Patrons 180 2,774 570 713 2,894 3.560 7,167 2.774 570 6,524 6,524 Page 12 Yorkshire Philhamionlc Choir Llmitod Notss to the Flnancial Statsments for th• Year Ended 31 August 2022 3 Inc¢xne fr¢Mn eharltablo •ctlvltlo8 Totsl 2022 Total 2021 G•n•ral De¥lgnat•d R•8trict•d Con￿rtS Sale of merchandise Refreshments Events and fundraising Bursaries Members'subscription5 18.094 1,254 76 351 70 1.254 76 259 3,000 13,079 36,399 13.079 12.036 12.716 24.399 12.000 4 Inv•slmont Incom• Total 2022 Total 2021 funds Inte￿$1 re¢eivable and similar incxjme.. Interest receNable on bank deFosits 73 73 175 6 Expondltur• on charltabh actlvltl•s Toial 2022 T¢>tsl 2021 Concerts Sak of merchandise Depreaation, amortisth'on and other simikgr ¢osts Allocated support 5ts Governance costs 21.IA7 2.1C(J 1,627 1,S27 302 378 19.729 19,729 14.062 827 43,610 49,110 17.367 6 An•ty818 of governanG• and 8upport costs Support costs ￿late to (Thcerts and t￿tfS as c￿nprise reh￿r581 and other running eosts. Page 13 York8hire Philharnionlc Choir Limitad Notes to the Financial Ststements for the Year Ended 31 August 2022 Govèrnan￿ costs Total 2022 Total 2021 nds Independent examiner fees ExaminatKsn of the finan¢BI statements Other govemance costs 750 135 750 135 730 97 885 827 7 N•t In¢omlngloutgolng r•sourc•s Nel loulgoing)fincoming resourees fortr£ year include.. 2022 2021 DepreCiat￿n of fixed assets 302 378 No trustees, nor any o)nnected Ihem. received any remunerat￿. exponses or other tenefits from the ¢harity during the yw. g Taxallon The charity is a registered chaity and is exempt tax*K￿. 10 Tanglble Ilxed aM•ts FUMI￿re and •4uipm•nt Total Co•t Al 1 S8Ptember 2021 At 31 August 2022 9,575 9.575 9.575 9.575 Deprn¢latlon At 1 September 2021 Charge for the year At 31 August 2022 N•t b¢)ok valu• 302 302 8.366 At 31 August 2022 At 31 August 2021 1,209 1,209 1,511 1.511 Page 14 Yorkshire Philharnionic Choir Limited Nots8 to tha Financlal Statements for the Year Ended 31 August 2022 11 Fund¥ Balanc• at 1 S•pt•mbBr 20 Incomlng ResourcM Balanc• al 31 expended August 2022 Unf••trIc￿ lund8 Gar￿81 32,681 143,6101 20,067 Designated Total unre•trlcled lund• 37.627 143,610) 5,500 25,013 12.OCKI R•strlct•d funds 12.fX)D Total fun 43,127 49,110 37,013 Balanc• al 1 S•pt•rnb•r 2020 Incoml r•wurc Re•ourco• Balane• at 31 •xp•nd8d August 2021 Unr•8tr1C￿ funds G8neral 27, 20.058 115,367) 32,681 Designated Total Unr••trI￿ lunds 32.936 20.058 115,3671 2,000 37.627 Roqtrletod fund8 5,500 Total fund• 40.436 17,367 43.127 Th8 SFQCrf￿ wrp)ses for vthi¢h the funds are lo be applied are as frlkm." Restrthd funds The restricted fund5 of the charity include £3,1)X) as a bursary fund which currently provides support to students at Leeds Conseryatoire If0m￿rIY Leeds College of Music). The Choir is indebted to the LrL and Terry Bramall Foundath"on lor fvnding these bursaries in the narr*t of the Choirfs frMJndÈr - Margarèt Markhamder- Ntrgaret Markha As at 31 August 2022 orcwd SFX)nsorship of £9.C4)0 12021 - £5,500) vras held in *Jvan¢e of the 2022123 season. Designated funds The £4,946 brought f(xward in the John Rutter Day dwnated furKI is carried fo￿rard to te spent at the discretion of the Trustee5. Page 15