Cardi& Ardwyn Singers – AGM Treasurer’s Report for FY 2023/24
our running costs. We’ve continued to spend a considerable amount of money on new music to replace the older, photocopied music that we have in our library.
Financially we broke even on the 6 performances that we gave during the year, including the BBC Sunday worship radio programme. Altogether, we ended the year with a total performance profit of just under £100. This is somewhat less that our usual performance profit, but we gave a couple of very expensive performances this past year.
There are 2 primary reasons why we ended the year with an overall loss of just over £4,000:
our professional staN. Prior to this we were paying an annual honorarium retrospectively. As a result, in this fiscal year we paid approximately £3,200 for the 2022/23 honorariums in addition to the 2023/24 fees that we paid out monthly.
2/ Deposits on future concert venues: we’ve had pay out over £1,100 in deposits for our concerts this year at All Saints, RWCMD and LlandaN Cathedral.
will cover our running costs at their current levels going forward and that no further increases will need to be considered for the foreseeable.
Going forward, the Committee has adopted a new reserves policy to help guide our spending over and above managing our general income and running costs. The committee confirmed that the range of the choir's reserves will be no lower than £5,000 and not exceed £40,000 which would allow the choir to continue operating for roughly one year in the unlikely event that all income streams ceased. It would also enable the choir to fulfill the wide range of commitments and obligations that it has in the short to medium term. These include:
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a review of the choir's music library, which is likely to result in purchasing additional parts to complete sets; ensuring our insurance is suNicient to cover the value of our music; improving the storage of music to ensure it long-term sustainability.
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members of the choir for the year ahead: Music Director; guest soloists; accompanist etc.
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continuing to be able to provide means-tested support for members that would like, but cannot aNord, to participate in choir activities or for whom the membership costs are prohibitive.
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invest in professional development opportunities for the choir during it's 60th anniversary season.
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engage the services of a professional recording producer/company so that the choir has a showcase recording to generate future publicity and commercial engagements.
Cantorion Ardwyn Caerdydd / Cardiff Ardwyn Singers
INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 30 JUNE 2024
| General Performances Ty Cerdd Grant Social Donations Running costs Performances Fees Social Equipment |
INCOME Member Subscriptions 11,858 Gift Aid 2,747 Gifts 202 Interest 361 Music - hire out 25 July '23, RWCMD - Feel the Spirit 2,845 November '23, RWCMD - Petite Messe Solonelle 2,638 December '23, All Saints - Christmas 4,507 February '24 - BBC Recording for St. David's Day 260 April '24, Eglwys Dewi Sant - Liebeslieder 1,645 5 commissioned pieces for 60th anniversary gala (75%) 1,500 Tuscany Tour '23 1,308 via TicketSource 5 TOTAL INCOME £29,900 EXPENDITURE Professional Fees 11,178 Music - purchase/hire/copy 2,683 Rehearsal Venue Hire 2,430 Making Music Membership 298 Insurance 151 Wardrobe 273 Gifts/Flowers 390 IT - Website 179 Admin/Miscellaneous 161 Subs Refund 38 July '23, RWCMD - Feel the Spirit 3,258 November '23, RWCMD - Petite Messe Solonelle 5,612 December '23, All Saints - Christmas 1,241 February '24, BBC Recording for St. David's Day 210 April '24, Eglwys Dewi Sant - Liebeslieder 1,491 July '24, All Saints - Chichester Psalms/Poulenc Gloria 100 December '24, All Saints - Christmas 150 April '25, RWCMD - 60th Anniversary Gala Concert 600 November '25, Llandaff Cathedral 266 Concert Posters/Programme Designs + Printing 250 PRS (Performing Right Society) 648 Ticketsource 435 Square (Point of Sale) 4 Tuscany Tour '23 1,608 Conductor Rostrum 263 TOTAL EXPENDITURE £33,918 |
|---|---|
-£4,018
PROFIT/LOSS FOR YEAR
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 2024 Charity no (if any) 1127429 Set out on pages I report to the trustees on my examination of the ac¢ounts of the above charity ('the Trust") for Ihe 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 accordance wrth the requirements of the Charities Act 2011 ('the Act')- I report in respect of my examination of the Tnjst's accounts carried out under section 145 oflhe 2011 Act and in carrying out my examination. I have followed the applicable Directions given by the Charity Commission under section 14515)(b} of the Act. I have completed my examination. l ¢onfimi that no material matters have come to my attention (other than that disclosed below ') in connection with the examination which gives me cause to believe that in, any material respect.. accounting records were not kept in accordan with section 130 of the Act or the accounts do not aOrd with the accounting records Independent examiner's statement I have no concerns and have come across no other matters in conneclion with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Please delele the words in the brackets rfthey do nol apply. Signed: Date: 3010912024 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 accounls.. directions and guidance for examiners). Give here brief details of any items that the examiner wishes to disclose. IER October 2018