Treasurer’s Report 2022-23
The choir continued to be in a good financial position over 22/23 with our general income continuing to cover our running costs. We continued to spend a lot of money on new music to replace the older, photocopied music that we have in our library. But now that we’re a charity, our gift aid claims are helping to absorb some of these increased running costs.
Our 4 concerts during the year generated a net profit of approximately £875 plus another £300 in performance fees for the BBC Sunday worship radio programme, for a total of almost £1,200 in performance profit.
The full accounting of our income/expenses for the 22/23 financial year are outlined in the P&L statement circulated by Bex. All in all, we ended the year with a total profit of just under £1,300.
Now on to the subs increase. In the spring of this year, members of the committee and I conducted a review of what other choirs of similar calibre were paying their artistic staff and as a result we’ve agreed a new fee structure for our artistic team that is more comparable and more fairly compensates them for the work they do for us.
As a result, and in order for us to cover our new running costs, the committee has recommended a £2.50 increase to our monthly subs, bringing the total to £15/month or £180/year effective October 1[st] . We’re hopeful that this increase will fully cover the new costs so that no further increases will be needed in the near future. I believe we now need someone to propose the subs increase? A seconder?
That’s it from me. Does anyone have any questions?
Cantorion Ardwyn Caerdydd / Cardiff Ardwyn Singers
INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 30 JUNE 2023
| General Performances Social Merchandise Donations Running costs Performances Social Donations |
INCOME Subscriptions Gift Aid Gifts Music Making Music membership & insurance Bank interest H Braithwaite Memorial Concert - June '22 SDH Christmas '22 - All Saints Penarth Jan '23 - St. Augustine's Penarth March '23 - St. Peter's Roath Weddings/Funerals/Sunday Worship Rehearsal Day and Social - 12 Nov '22 Jan Ball Dinner - 12 May '23 Tuscany Tour - July '23 CDs and book Choir Non-Choir TOTAL INCOME EXPENDITURE Honoraria Music Gifts/Flowers Zoom / Rehearsal Venue Hire Making Music membership & insurance Website / Postage Subs Overpayment H Braithwaite Memorial Concert - June '22 SDH Christmas '22 - All Saints Penarth Jan '23 - St. Augustine's Penarth March '23 - St. Peter's Roath Breakfast after Sunday Worship recording Rehearsal Day and Social - 12 Nov '22 Jan Ball Dinner - 12 May '23 Tuscany Tour - July '23 Non-Choir TOTAL EXPENDITURE PROFIT FOR YEAR |
9,264 £ 2,553 £ 1,070 £ 172 £ 126 £ 74 £ 2,595 £ 2,622 £ 1,663 £ 1,063 £ 300 £ 350 £ 3,000 £ 25,940 £ 5 £ 2,000 £ 551 £ 53,348 £ 4,670 £ 3,485 £ 1,309 £ 940 £ 590 £ 207 £ 13 £ 1,245 £ 948 £ 2,867 £ 1,530 £ 477 £ 570 £ 3,012 £ 29,642 £ 551 £ 52,055 £ 1,293 £ |
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CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of Cantorion Ardwyn Caerdydd I Cardiff Ardwyn Singers On accounts for the year ended 30 JUNE 2023 Charity no {if any) 1127429 Set out on pages I report to the trustees on my examination of the accounts of the above charity (he Trust.) for the year ended 3010612022. Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordan with the requirements of the Charities Act 2011 ('Ihe Act.). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145{5)Ib) of the Act. I have completed my examination. I confim that no material matters have come to my attention (other than that dis¢losed below ') in connection with the examination which gives me cause to believe that in. any material respect.. accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with the a¢¢ounting records Independent examinerfs statement I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order lo enable a proper understanding of the accounts to be reached. Please delete the words in the braGkets if they do not apply. Signed: Date: 0510912023 Name: DAVID JAMES Relevant professional qualificationls) or body lif any): FCCA (2013246) Address: 2 CYPRESS CLOSE, CAERLEON, NEWPORT, NP18 3RN IER October 2018
Section B Disclosure Only complete if the examiner needs to highlight matters of concern (see CC32. Independent examination of charity accounts.. directions and guidance for examiners). Give here brief details of any items that the examiner wishes to disGlose. IER October 2018