## **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: - 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. - members of the choir for the year ahead: Music Director; guest soloists; accompanist etc. - 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. - invest in professional development opportunities for the choir during it's 60th anniversary season. - 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 a￿Ord 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