COMPANY REGISTRATION NUMBER: 06515248 CHARITY REGISTRATION NUMBER: 1123716
Yorkshire Philharmonic Choir Limited Company Limited by Guarantee Unaudited Financial Statements 31 August 2023
KASHIF AKRAM FCCA, BA Chartered Certified Accountants KRA Accountants Limited Elsie Whiteley Innovation Centre Hopwood Lane Halifax West Yorkshire HX1 5ER
Yorkshire Philharmonic Choir Limited
## Company Limited by Guarantee
## Financial Statements
## Year ended 31 August 2023
||Page|
|---|---|
|Trustees’ annual report (incorporating the director's report)|1|
|Independent examiner's report to the trustees|7|
|Statement offinancial activities (including income and||
|expenditure account)|8|
|Statement offinancial position|9|
|Notestothefinancialstatements|10|
Yorkshire Philharmonic Choir Limited
## Company Limited by Guarantee
## Trustees’ Annual Report (Incorporating the Director's Report)
## Year ended 31 August 2023
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 August 2023.
## Reference and administrative details
## Registered charity name Yorkshire Philharmonic Choir Limited
Charity registration number 1123716
Company registration number 06515248 Principal office and registered 3 Newfield Avenue office Normanton West Yorkshire WF6 1SL
## The trustees
Mr D Howell Mrs A Elcock Mrs W Nutton Mirs J A Stephenson Mr J R Whelan Mr A Osborne
## Company secretary Antony Osborne
Independent examiner
Kashif Akram FCCA, BA KRA Accountants Limited Elsie Whiteley Innovation Centre Hopwood Lane Halifax West Yorkshire HX1 5ER
1
## Yorkshire Philharmonic Choir Limited
## Company Limited by Guarantee
## Trustees’ Annual Report (Incorporating the Director's Report) (continued)
## Year ended 31 August 2023
## Structure, governance and management
;
## Nature of governing document
The charity, as a company limited by guarantee, is governed by its Memorandum and Articles of Association dated 27 February 2008.
## Recruitment and appointment of trustees
All trustees are appointed on a voluntary basis, and do not receive any remuneration for their time. All expenses reimbursed to trustees are disclosed in the accounts.
## Induction and training of trustees
New trustees are briefed on: their legal obligations under charity and company law, the Charity Commission guidance on public benefit, and informed of the content of the Memorandum and Articles of Association, the committee and decision-making processes, the current plans and recent financial performance of the charity.
## Organisational structure
The Choir governance is undertaken by a committee consisting of all the trustees plus officers elected at the AGM to undertake specific functions and up to 4 choir member representatives proposed and elected at the AGM. The latter serve for 2 years.
The committee meets as and when required throughout the year.
The Committee on occasion will establish a sub-committee for specific tasks, this can include committee members but also others from the choir membership co-opted for the specific task. Each sub-committee reports back to the full committee and its decisions are ratified.
## Relationships with related parties
Please note:
The Choir annually sponsors the Margaret Markland Choral Bursary at the Leeds College of Music. This is made possible by a specific sponsorship by the Liz and Terry Bramall Foundation. Following agreement with the College and the Foundation, that the Bursary would not run in 2021/22 due to Covid, the Bursary restarted in the 2022/23 season.
## Major risks and management of those risks for small charities
The Trustees have identified that financial sustainability is the major financial risk for the charity and in particular a recurrence of a lockdown occasioned by any future world epidemic. A key element in the management of financial risk is a regular review to ensure that future concerts and tours are budgeted to cover costs and to ensure long term planning takes account the need to maintain reserves to cover costs in uncertain times.
## The Trustees and Committee receive a financial report on general account at every meeting.
As recommended for all music organisations the Choir has in place insurance, provided through ‘Making Music’ to cover risks surrounding concert production including cancellation, although Covid 19 was excluded due to the exceptional circumstances involved.
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Yorkshire Philharmonic Choir Limited
## Company Limited by Guarantee
## Trustees’ Annual Report (Incorporating the Director's Report) (continued)
## Year ended 31 August 2023
## Objectives and activities
Objectives and aims The objectives of the charity are to promote, improve, develop and maintain public education in and appreciation of the art and science of choral and instrumental music in all its aspects by the presentation of public concerts.
## Public benefit
We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives they have set.
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.
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## Yorkshire Philharmonic Choir Limited Company Limited by Guarantee Trustees’ Annual Report (Incorporating the Director's Report) (continueg)
## Year ended 31 August 2023
## Achievements and performance
## Review of the 2022/23 Season
All of us in the YPC began our 2022/23 season knowing just what a momentous year was ahead of us. The season itself marked our Platinum Jubilee. 70 years of music making should be rightly celebrated and a small team of Committee members and others, led by Wendy Nutton, ensured that would happen by the organising of special activities including, and most notably, the production of a beautiful book, simply entitled ‘Seventy’ containing photographic memories covering that time. This book was made available for sale widely and was well received by all. A superb souvenir of the event and the successes and high points of the YPC from years past.
Our platinum celebrations, though sweet, were also tempered by our knowledge that this would be the final season under the leadership our much loved and respected Musical Director, Dr Andrew Padmore, who at the end of the season would be retiring after 34 years at the helm - almost half of the choir's existence.
At the end of last season, Tom Moore, our accompanist of over 20 years, left to take up a new position as Director Music at St Matthew's, Northampton. However, he has been able to return to perform in the majority of this season's concerts, enabling his musical partnership with Andrew to continue right through to Andrew's retirement. So, this meant that Andrew's Farewell Concert in June 2023 was also to be Tom's full farewell to the YPC too.
For his retirement season, the Committee invited Andrew to select works which have had a special significance to him throughout his career and guest soloists and players who had worked with him closely.
This resulted in a truly epic year of music making including: Mendelssohn's Elijah, Handel's Messiah, Christmas ‘from around the world’, including several of Andrew's own Carol arrangements, Rossini's Petite Messe Solennelle before in June a spectacular Farewell Concert of Elgar's The Music Makers and a second half of choral favourites, all performed from memory by the choir, including Zadok the Priest, Cantique de Jean Racine, For the Beauty of the Earth as well as the stirring sounds of the Hallelujah Chorus and | was Glad. The Amici Orchestra, in full symphonic numbers, contributed Elgar's Pomp and Circumstance March No 4 and Walton's Crown Imperial.
The capacity audience, which included representatives of County and City, as well as family, friends and musical colleagues of both Andrew and Tom and former YPC members, revelled in the atmosphere and the superb quality of the music.
The evening included Tributes to Andrew, some printed in the programme, led by The Archbishop of York who is YPC's Hon President, and a number from some of the most eminent Choral composers, including John Rutter, Bob Chilcott, Eric Whitacre, Howard Goodall and Will Todd. In the concert, friend and soloist Gaynor Keeble paid tribute on behalf of all professional soloists who had sung under Andrew's leadership. Eileen Spencer, Amici Orchestra's organiser and long-time leader, spoke on behalf of the orchestra and Derek Howell concluded the tributes on behalf of the YPC, past and present.
Drawing this time to a close, Derek, on behalf of the YPC, presented Andrew and Tom with the choir's highest honour, making them both Honorary Vice Presidents for life. However, perhaps the greatest honour was left until last as on the very day of his Farewell Concert, 17 June 2023, we were able to announce that 'For Services to Music and as Director of the Yorkshire Philharmonic Choir, HM King Charles III, had awarded Andrew the British Empire Medal (BEM).
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Yorkshire Philharmonic Choir Limited
## Company Limited by Guarantee
## Trustees’ Annual Report (Incorporating the Director's Report) (continueg)
## Year ended 31 August 2023
A prolonged standing ovation followed, preceding the final, calming and on this occasion, emotional singing of John Rutter's The Lord Bless you and Keep you, bringing an unforgettable evening to a close.
The choir held a final farewell party for Andrew and Tom at Walton Hall on the following Tuesday when more personal gifts were given, and special time shared in a more convivial and informal way.
At the same time as we were preparing and undertaking all of the above and celebrating the previous 70 years, there has been the obvious need to look forward to the future. The primary necessity has been to appoint our new Musical Director and also a new Accompanist.
The process of appointment began in November 2022 and conciuded, after a full and competitive process, with the appointment of Thom Meredith in April 2023.
Thom has vast experience as a performer and leader of choral and orchestral music and is well known and respected throughout the UK for his outstanding musicianship and often innovative approach. It has been a delight to welcome Thom and to begin to establish that relationship which will build on the past and take the YPC on into a new era.
We have also welcomed Alexander (Alex) Woodrow as our permanent accompanist. Alex is a wonderful pianist and organist in his own right and also has substantial choral directing experience. He is currently Director of Music at Leeds Minster and also directs the Leeds’ based chamber choir, St Peter's Singers.
Thom and Alex are now beginning to establish their Musical partnership and we are certain that a bright and exciting future awaits the YPC under their guidance and leadership.
To complete the change this year we have redesigned the choir logos and adopted a new colour scheme on our information and publicity platforms.
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## Yorkshire Philharmonic Choir Limited
## Company Limited by Guarantee Trustees’ Annual Report (Incorporating the Director's Report) (continued
## Year ended 31 August 2023
## Financial review
This season, the YPC's 70th Anniversary season and Andrew Padmore's final season as MD, featured 5 concerts some requiring significant musical resources. Additional sponsorship was received to assist with this. The popularity of the music chosen as well as the significance of the season, attracted good audiences.
The charity had incoming resources for the year of £83,886 (2022 - £42,996) and expenditure of £75,875 (2022 - £49,110) giving a surplus of £8,011 (2022 - £6,114 deficit) for the year. Both income and expenditure in the 2022 year are distorted by the cancellation of events due to Covid 19.
## Funds brought forward at
1 September 2022 were £37,013 with funds carried forward of £45,024.
## Policy on reserves
The trustees’ reserves policy continues to be to have the equivalent of 3 to 6 months expenditure in unrestricted reserve at the end of the year, to ensure the future viability and continuation of the organisation in the event of significant losses on events, or cuts in future funding, this is equivalent to between £18,968 and £37,937, taking the 2023 expenditure figure of £75,875.
The unrestricted reserves at 31 August 2023 were £33,024, (2022 - £25,013). This is satisfactorily within the target range.
## Principal funding sources
When we are able to give concerts our pricing policy reflects our strategy of enabling all within our community, whatever their means, to take part in our activities, and to attend our concerts. We achieve this with the support of our sponsors.
## Going concern
The trustees perceive that the Covid 19 restrictions during the last few years represented an existential threat that raised uncertainties about the charity's ability to continue as a going concern. Any such future uncertainty is not considered to materially affect the carrying value of assets held by the charity. Fixed assets comprising of staging are shown at £968 (2022 - £1,209). In the event of a failure to continue for any reason the staging would probably not realise anything.
## Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. .
The trustees’ annual report was approved on 17 October 2023 and signed on behalf of the board of trustees by: oe
Mr D Howell Trustee
## cmanrnc near
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Yorkshire Philharmonic Choir Limited
## Company Limited by Guarantee
## Independent Examiner's Report to the Trustees
## Year ended 31 August 2023
| report to the trustees on my examination of the financial statements of Yorkshire Philharmonic Choir Limited (‘the charity’) for the year ended 31 August 2023.
## Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of the charity's accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination | have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## Independent examiner's statement
| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
2. the financial statements do not accord with those records; or
3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
- 4, the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
Ihave no concerns and have come across no other maiters 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.
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Independent Examiner
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| Independent Examiner KRA Accountants Limited Elsie Whiteley Innovation Centre Hopwood Lane Halifax CHARTERED CERTIFIED ACCOUNTANTS West Yorkshire ACCA Reg. No. 1181104 - Company Reg. No. 9272968 HX1 5ER www.kra-accountants.co.uk
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Yorkshire Philharmonic Choir Limited
## Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
## Year ended 31 August 2023
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||||||||||
|---|---|---|---|---|---|---|---|---|
|2023|2022|
|Unrestricted|Restricted|
|funds|funds|Totalfunds|Total|funds|
|Note|£|£|£|£|
|Income|and|endowments|
|Donations|and|legacies|5|12,627|—|12,627|6,524|
|Charitable|activities|6|49,050|20,000|69,050|36,399|
|Investment|income|7|416|-|416|73|
|Other|income|8|1,793|_|1,793|-|
|Total|income|63,886|20,000|83,886|42,996|
|Expenditure|
|Expenditure|on|charitable|activities|9,10|55,875|20,000|75,874|49.110|
|Total|expenditure|55,875|20,000|75,874|49,110|
|Net|income/(expenditure)|and|net|
|movement|in|funds|8,011|_|8,012|(6,114)|
|Reconciliation|of funds|
|Total funds|brought forward|25,013|12,000|37,013|43,127|
|Total funds|carried forward|33,024|42,000|45,024|37,013|
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The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 10 to 17 form part of these financial statements.
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## Yorkshire Philharmonic Choir Limited
## Company Limited by Guarantee
## Statement of Financial Position
## 31 August 2023
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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|2023|2022|
|Note|£|£|
|Fixed|assets|
|Tangible|fixed|assets|14|968|1,209|
|Current|assets|
|Stocks|15|360|568|
|Debiors|16|15|795|
|Cash|at|bank|and|in|hand|48,084|41,622|
|48,459|42,985|
|Creditors:|amounts|falling|due|within|one|year|17|4,403|7,181|
|Net|current|assets|44,056|35,804|
|Total|assets|less|current|liabilities|45,024|37,013|
|Net|assets|45,024|37,013|
|Funds|of the|charity|
|Restricted|funds|42,000|12,000|
|Unrestricted|funds|33,024|25,013|
|Total|charity funds|19|45,024|37,013|
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For the year ending 31 August 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
## Directors' responsibilities:
- e The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- e The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statemenis.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
These financial statements were approved by the board of trustees and authorised for issue on 17 October 2023, and are sianed on behalf of the board by: -
UiNa. Mr D Howell Trustee
VM Elk Mrs A Elcock Trustee
The notes on pages 10 to 17 form part of these financial statements.
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Yorkshire Philharmonic Choir Limited
## Company Limited by Guarantee
## Notes to the Financial Statements
## Year ended 31 August 2023
## 4. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 3 Newfield Avenue, Normanton, West Yorkshire, WF6 1SL.
## 2. Statement of compliance
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 Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.
## 3. Accounting policies
## Basis of preparation
Yorkshire Philharmonic Choir Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
## Going concern
## The financial statements have been prepared on a going concern basis.
The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of ihe financial statements.
## Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. .
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds. oo
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Yorkshire Philharmonic Choir Limited
## Company Limited by Guarantee
## Notes to the Financial Statements (continued)
## Year ended 31 August 2023
3. Accounting policies (continued)
## Incoming resources
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
Incoming resources from tax reclaims are included in the Statement of Financial Activities at the same time as the gift to which they relate.
## Resources expended
Expenditure is recognised on an accruals basis asa liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
- ° expenditure on raising funds includes the costs of ail fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
- e expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
- ° other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
- All cosis are allocated to expenditure categories reflecting the use of the resource. Direct costs atiributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a on a a reasonable, justifiable and and consistent basis. .
- ° other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All cosis are allocated to expenditure categories reflecting the use of the resource. Direct costs atiributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a on a a reasonable, justifiable and and consistent basis.
## Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
1
Yorkshire Philharmonic Choir Limited
## Company Limited by Guarantee
## Notes to the Financial Statements (continuea)
## Year ended 31 August 2023
3. Accounting policies (continued)
## Depreciation
Depreciation is calculated so as fo write off tne cost or vaiuation of an asset, iess its residual vaiue, over the useful economic life of that asset as follows:
Fixtures and fittings - 20% reducing balance
## Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
## Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell, Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
## Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
## Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
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## Yorkshire Philharmonic Choir Limited
## Company Limited by Guarantee
## Notes to the Financial Statements (continuea)
## Year ended 31 August 2023
3. Accounting policies (continued)
## Financial instruments (continued)
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Oiher financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For ali equity instruments regardless of significance, and other financial assets that are individuaily significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
## 4. Limited by guarantee
The charity is controlled by its governing document the memorandum and articles of association and constitutes a limited company, limited by guarantee as defined by the Companies Act 1985.
5. Donations and legacies
||Unrestricted|Total|Funds|Unrestricted|Total Funds|
|---|---|---|---|---|---|
||Funds||2023|Funds|2022|
||£||£|£|E|
|Donations||||||
|Donations from companies, trusts and|||,|||
|similar proceeds|1,500||1,500|3,000|3,000|
|Donations from individuals|174||171|180|180|
|Patrons|7,690|-|7,690|570|570|
|Gift aid reclaimed|3,266|—|3,266|2,774|2,774|
||12,627||12,627|6,524|6,524|
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Yorkshire Philharmonic Choir Limited
## Company Limited by Guarantee
## Notes to the Financial Statements (continuea)
## Year ended 31 August 2023
## 6. Charitable activities
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||||||||||
|---|---|---|---|---|---|---|---|---|
|Unrestricted|Restricted|Total|Funds|
|Funds|Funds|2023|
|2|£|£|
|Concerts|22,654|17,000|39,654|
|Sale|of Merchandise|2,848|_|2,848|
|Refreshments|_|~|~|
|Events|and|fundraising|5,678|_|5,678|
|Bursaries|—|3,000|3,000|
|Member's|subscriptions|17,870|=|17,870|
|49,050|20,000|69,050|
|Unrestricted|Restricted|Total|Funds|
|Funds|Funds|2022|
|E|£|£|
|Concerts|9,094|9,000|18,094|
|Sale|of|Merchandise|1,254|~|1,254|
|Refreshments|76|_|76|
|Events|and|fundraising|896|-|896|
|Bursaries|-|3,000|3,000|
|Member's|subscriptions|13,079|_|13,079|
|24,399|12,000|36,399|
|Investment|income|
|Unresiricted|Total|Funds|Unrestricted|Total|Funds|
|Funds|2023|Funds|2022|
|£|£E|£|£|
|Interest|receivable|on|bank|deposits|416|416|13|73|
|Other|income|
|Unrestricted|Total|Funds|Unrestricted|Total|Funds|
|Funds|2023|Funds|2022|
|£|£|£|£|
|Other income|-|General|348|348|-|=|
|Other|income|- AP|Retirement|1,445|1,445|_|-|
|1,793|1,793|~|_|
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## 7. Investment income
8. Other income
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## Yorkshire Philharmonic Choir Limited
## Company Limited by Guarantee
## Notes to the Financial Statements (continuea)
## Year ended 31 August 2023
## 9. Expenditure on charitable activities by fund type
||Unrestricted|Restricted|Total Funds|
|---|---|---|---|
||Funds|Funds|2023|
||£|a|£|
|Concerts|27,060|17,000|44 060|
|Sale of merchandise|2,391|_|2,391|
|Support costs|26,424|3,000|29,424|
||55,875|20,000|75,875|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2022|
||£|£|£|
|Concerts|21,067|5,500|26,567|
|Sale of merchandise|1,627|~|1,627|
|Support costs|20,916|-|20,916|
||43,610|5,500|49,110|
Support costs relate to concerts and tours as they comprise rehearsal and other running costs.
## 10. Expenditure on charitable activities by activity type
||Activities||||
|---|---|---|---|---|
||undertaken||Total funds|Totalfund|
||directly|Support costs|2023|2022|
||£|£|£|£|
|Concerts|44,060|28,450|72,510|46,598|
|Sale of merchandise|2,391|_|2,391|1,627|
|Governance costs|-|974|974|885|
||46,451|29,424|75,875|49,110|
## 11. Net income/(expenditure)
Net income/(expenditure) is stated after charging/(crediting):
||||||2023|2022|
|---|---|---|---|---|---|---|
||||||£|£|
|Depreciation|oftangible|fixed|assets||241|302|
|||||:|||
## 12. Staff costs
The average head count of employees during the year was Nil (2022: Nil).
No employee received employee benefits of more than £60,000 during the year (2022: Nil).
## 13. Trustee remuneration and expenses
No trustees, nor any persons connected with them, received any remuneration, expenses or other benefits from the charity during the year.
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Yorkshire Philharmonic Choir Limited
## Company Limited by Guarantee
## Notes to the Financial Statements (continue)
## Year ended 31 August 2023
## 14. Tangible fixed assets
|||||Fixtures and|
|---|---|---|---|---|
|||||fittings|
|||||£|
||Cost||||
||At 1 September 2022 and 31 August 2023|||9,575|
||Depreciation||||
||At
1 September2022|||8,366|
||Charge forthe year|||241|
||At 31 August 2023|||8,607|
||Carrying amount||||
||At 31 August 2023|||968|
||At 31 August 2022|||1,209|
|15.|Stocks||||
||||2023|2022|
||||£|£|
||Raw materials and consumables||360|568|
|16.|Debtors||||
||||2023|2022|
||||£|£|
||Prepayments and accrued income||15|795|
|17.|Creditors: amounts falling due within one year||||
||||2023|2022|
||||£|£|
||Accruals and deferred income||4,403|7,184|
|18.|Deferred income||||
||||2023|2022|
|||oo|£|£|
||Amountdeferredinyear||3,490|-|
16
Yorkshire Philharmonic Choir Limited
## Company Limited by Guarantee
## Notes to the Financial Statements (continued
## Year ended 31 August 2023
## 19. Analysis of charitable funds
|Unrestrictedfunds||||||
|---|---|---|---|---|---|
||At||||At|
||4 September|||31 August||
||2022|Income|Expenditure||2023|
||£|£|£||£|
|General funds|20,067|63,886|(55,875)||28,078|
|Designated Funds|4,946|~|—_||4,946|
||25,013|63,886|(55,875)||33,024|
||At|||||
||41 September|||At|31 August|
||2021|Income|Expenditure||2022|
||£|£|£||£|
|General funds|32,681|30,996|(43,610)||20,067|
|Designated Funds|4,946|-|_||4,946|
||37,627|30,996|(43,610)||25,013|
|Restricted funds||||||
||At||||At|
||1 September|||31 August||
||2022|Income|Expenditure||2023|
||£|£|£||£|
|Restricted Funds|12,000|20,000|(20,000)||12,000|
||At|||||
||1 September|||At|31 August|
||2021|income|Expenditure||2022|
||£|£|E||£|
|RestrictedFunds|5,500|12,000|(5,500)||12,000|
The specific purpeses for which the funds are to be applied are as follows:
## Restricted funds
The restricted funds of the charity include £3,000 asa bursary fund which currently provides support to students at Leeds Conservatoire (formerly Leeds College of Music). The Choir is indebted to the Liz and Terry Bramall Foundation for funding these bursaries in the name of the Choir's founder — Margaret Markham.
As at 31 August 2023 orchestral sponsorship of £9,000 (2022 - £9,000) was held in advance of the 2023/24 season.
## Designated funds
The £4,946 brought forward in the John Rutter Day designated fund is carried forward to be spent at the discretion of the Trustees.
17