Company number: 07386243 Charity number: 1138820
SOUTH LONDON COMMUNITY MUSIC (A company limited by guarantee)
REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
SOUTH LONDON COMMUNITY MUSIC
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
| Charity Information Trustees' Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to Financial Statements |
Page 1 2 - 6 7 8 9 - 10 11 -14 CONTENTS |
|---|---|
SOUTH LONDON COMMUNITY MUSIC
INFORMATION
Company number : 07386243 Date of Incorporation : 23 September 2010 Charity No : 1138820 Date of Registration : 4 November 2010 Registered Office : Magnum House 133 Half Moon Lane London SE24 9JY Trustees/Directors : Samuel Murray Baker Marcus David Body (From 3rd September 2025) Sarah Breton (From 8 April 2025) Andrew John Condliffe Simon James Elliston Joshua Alexander Fernandes (From 24th February 2025) Nigel Grice (To 4th March 2025) Nora Kettleborough Lesley Khatibi (To 10th December 2024) Matthew Richard Oddy (To 10th December 2024) Emily Clare Powis (From 15th September 2024) Mary Sutherland (To 3rd September 2024) Ruth Elizabeth Taylor
Independent Examiner : Mrs D. Sequeira, B.A. (Hons), B.Ed. Leslie J. Sequeira & Co. Magnum House 133 Half Moon Lane London SE24 9JY
Bankers : CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ
1
South London Community Music
Registered Charity number 1138820 & company number 07386243
Trustees/Directors' Report
For the Year ended 31 December 2024
The Trustees/Directors of South London Community Music (SLCM) are pleased to present their Report and the Financial Statements for the year ended 31[st] December 2024.
I am pleased to report that South London Community Music (SLCM) is in good health. Membership is buoyant, there has been a strong schedule of rehearsals and performances across our ensembles, and our finances are in good shape. Impressively we have been able to keep our member subscription rates flat.
Looking back on 2024 it was a very energetic year with much music making happening.
London Sings enjoyed several great gigs in the year including in Sydenham, the London Marathon Big Half and at the RAC club. It was good to see that membership of London Sings grew with a 30% increase in member numbers in the year.
well and led the band through rehearsals and a variety of concerts in the year. Performance locations included Dulwich, the London Marathon, Clapham bandstand, Brighton Pavilion and Bermondsey. SLSW enjoyed another ‘away weekend’ near Chesham allowing for further rehearsals and bonding amongst members.
SLJO had another very active year in 2024. Its membership exceeded 100 with a core of over 40 members regularly attending rehearsals. It played a record number of gigs (35+) in 2024. Venues included Pizza Express jazz club Soho, Toulouse Lautrec, the National Army Museum, Brighton, Bath and Edinburgh where a large cohort rocked the Fringe.
SLJO welcomed Hugo Jennings as its new Music Director at the beginning of the year. Hugo has introduced SLJO to some great new venues and repertoire.
Our rehearsal space and store remain at Mostyn Road and we are very grateful to the Methodist Church for continuing to accommodate us. I would like to thank Kristin Markay, the minister, who is very supportive of our involvement.
One of our objectives of 2024 was to introduce a new ensemble to SLCM and thereby increase both the musical oFering of SLCM and the commercial support we oFer the Church for use of their space. During 2024 we advertised this opportunity and towards the end of the year we were approached by a newly formed ensemble, Geeky Beats (GB), who focus on video games music.
GB started to use the Church for rehearsals in January 2025 based on a six month trial basis which proved successful, and GB has now become part of SLCM. GB has approximately 22 members and has already started to perform live.
2
Trustees/Directors' Report
For the Year ended 31 December 2024 (Cont’d)
likely lead to a refreshing of the composition of our Trustees as we work on limiting Trustee membership to six years. This has now come into eFect and, as a consequence, three of our most long serving trustees have recently stepped down - Mary Sutherland (appointed November 2010), Lesley Khatibi (appointed November 2010) and Nigel Grice (appointed August 2017).
All three trustees made substantial contributions to SLCM during their tenures. Mary was most recently Secretary, Lesley was recently Treasurer and previously Chair, and Nigel was previously Chair of SLJO.
Since my last report we have welcomed three new Trustees; Josh Fernandes who joins as the SLJO representative, Sarah Breton who joins as the London Sings representative and Marcus Body who joins as the Geeky Beats representative.
The collective contributions and counsel of the Trustees we have lost are missed, but I am confident that our refreshed board of Trustees have the skills necessary to protect and grow SLCM in the future.
SLCM and its ensembles remain open to new members throughout the community subject to availability of relevant slots. We oFer a vibrant and welcoming environment to new members and, as new members join, we provide practical and musical support as they journey through rehearsals to live performances.
Objects
The objects of the charity remain to advance, improve, develop and maintain public education in, and appreciation of, the art and science of music in all its aspects by any means the Trustees see fit, including through rehearsals and public performances; to further charitable purpose or purposes as the Trustees in their absolute discretion shall
The Trustees and the Music Directors/Conductors encourage the ensembles to form links with the local community and further afield, to work with local schools and community groups, and to take initiatives that will enrich people's musical experiences. SLCM also pursues a policy of open membership.
Trustees/Directors
The Trustees/Directors of SLCM are appointed or re-appointed at the charity’s AGM and serve a term of three years, after which they are eligible to serve a further 3-year term. Trustees are selected from within the SLCM membership. The Trustees' Committee also consults with experienced professionals where additional skills may be required from time to time.
3
Trustees/Directors' Report
For the Year ended 31 December 2024 (Cont’d)
The main functions of the Trustees are to encourage and develop the objects of the SLCM, exercise the Trustees' powers to raise funds, authorise payments, and delegate functions to the ensembles.
Trustee/Director training
New Trustees/Directors are trained on their legal obligations under charity and company law, the content of the Articles and Regulations, the Committee and decisionmaking processes, the history of the charity and its recent financial performance. All Trustees also sign up to a Code of Conduct formulated by the Charities Coalition, which gives further guidance as to the conduct expected of charity trustees. The Trustees of SLCM are as follows:
| Chair | Simon Elliston |
|---|---|
| Vice Chair | Sam Baker |
| Secretary | Ruth Taylor |
| Treasurer | Emily Powis |
| Marcus Body | |
| Sarah Breton | |
| John CondliFe | |
| Josh Fernandes | |
| Nora Kettleborough |
Corporate Governance
The Trustees of SLCM are committed to good corporate governance and continue to ensure that best practices are followed. The Charity has no employees and Trustees receive no remuneration for their services.
The Board of Trustees meets approximately six times each year. It delegates the day-today operational management of the ensembles to the Ensemble Committees and liaises closely with them. The Ensemble Committees also meet at least four times a year and have sub-committees as required which report back to them.
Ensemble expenditure is approved by the Ensemble Committee Treasurers. The bank mandate for cheque signatories and online payments requires approval by two signatories, one of whom must be a Trustee.
4
Trustees/Directors' Report
For the Year ended 31 December 2024 (Cont’d)
Financial responsibilities
The Trustees are required to take all reasonable steps to -
-
ensure that funds are used only for the purposes for which they have been given and in accordance with the SLCM Articles and Regulations, charity law and with the funding agreements and any other conditions which each funding body may from time to time prescribe;
-
safeguard funds from all sources;
-
safeguard the assets of SLCM and prevent and detect fraud;
-
secure the economical, eFicient and eFective management of SLCM’s resources and expenditure;
Risk management
The Charity regularly reviews its risk management policies and procedures. Key risks are identified and monitored by the Trustees.
Activities, Achievements and Future Plans
We aim to continue to strengthen the quality of the experience of our members and our community as they engage with the family of SLCM ensembles. We will do this by providing a welcoming and safe member environment, delivering an impactful musical experience that is enjoyed by many and reaching out across broad audience groups in our community.
Financial Review
The ensembles saw a large increase in performance fees, notably due to SLJO performing a record number of times during the year, and subscriptions also saw a small increase. Expenditure was lower than the previous year, specifically performance expenses, and there was no major outlay on equipment, resulting in an increase in funds of £12,634 on an accruals basis.
Bank balances remained healthy and at 31[st] December 2024 closing balances totalled £55,883.
Reserves Policy
equivalent to three months' expenditure of rehearsal conductors, rehearsal venues,
5
TrusteeslDirectors' Report Forthe Year en(Jed 31 Dccember 2024 (Cont d) accountancy and affiliation fees. Ihe calculation is appr(Ned each year as part of the annual budgct. Ai 31si Oecemt)er 2024, the reserve fvnds requiietl blere calculated at £6,300 tor all the ensembles. SLCM 1$ available tunds of £49.$83 aftertaking account of these reser¥e lund& Appmeitytion As in previous yEars. Ihe Tru*ees are indebted to au the ¥tunieersho iheir lime 4enerously ro ensure that the ensembles a aomtnisiered weliand complywrth ail ppropriate Tegutstsons and g¢)J practice guidance. As Chair of SLCM I would particuiarty knke TO express my ihanks to my fellow Tfustees and io the otliceis and committces of the three ensembles torallthey have done in coniributingio the Succe ofSLCM in 2024. This will be my last reportas Chair as I entering rnytourth and it is time tor ch8nge. Considorablo depih ol taleni sts in our community and l am ploascd to report thatjohn Condiifle has agreed to take on ihe ¥oie ol Chair ellecttve October 21. 2025. Signed on behalf otlh¢ Trustee& Sirnon Ellion. Chair 29. Septefflber 2Q25
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SOUTH LONOON COMMUNITY MUSIC (Charity No 1138820} I report to the charity trustees on tny 8xaMInat of the accounts of the Company for the year ended 31 December 2024 which are #Èt r)ut on pages 8 to 14. Rosponsibilitie8 and basis of report As the charity's trustees of the Company Iwho are also the directors of Ihe wmpany for the purpu5es of company lawl. yoi are responsible for the preparats)n of ihe accounts In armrdance with the requirements ofcompanies Act ?0061"the 20( Acr'i Having sats"sfied myself Ihat the accounls of the Company are not required to be audite¢l for this year under Part 16 of the 2006 Act and are etIble for independent examination, I report In respect of my XamInation of your charity's accounts as carried out under section 145 of the Charities Act 2011 1"thé 2011 Acr'i. In carrying out my examination. I have followed the Directions gwen by the Chanty Commission {under section 14515llbl ol the 2011 Acti. Independent Examlnefs Statement I have completed my examination. I confinn that no material matters h2vÉ ¢ome io my attention vthich gives me cause lo believe that.. accounting records weie not kept In accordance with seclion 386 of the Companies A¢t 2006., or the accounts do not accor¢ wrth such records., Dr the a¢UnIS do not compty wÉlh relevant accountsng requirnents Jnder section 396 of ihe Companies Act 2006 other thar. any reqU1ment that Ihe accounts give a 'true and fair View is not a matter considered as part of an Independent examination.. Jr the accounts have not been Prepa In 1rdance wtlh the Charibes SORP IFRS1021. I have no o)ncem5 and have come ¥ross no other matters in c()nnection with the examination to which attention should be drawn In this port in order lo enable a proper understanding of the accounts lo be reached. Mrs D. Sequeira, B.A. IHons). B.Ed. Leslie J. Sequeira & Co. Accountants Magnum House, 133 Half bAoJn Lane LONDON SE24 9JY Date: 29th September 2025
SOUTH LONDON COMMUNITY MUSIC
Statement of Financial Activities (Including Income and Expenditure Account) for the year ended 31 December 2024
| Note Income Subscriptions Gift aid tax refund Donations Bank interest Charitable Activities Other Concerts Tours Fundraising gig Total Income Expenditure on Charitable activities: 2. Total Expenditure Net Income/(Expenditure) & Net Movement in Funds for year Net Movement of Funds in year Reconciliation of Funds Total Funds brought forward Total Funds Carried Forward |
Unrestricted Funds £ 28,275 6,027 452 91 - 18,661 4,394 - 57,900 45,266 45,266 12,634 12,634 127,323 139,957 |
Restricted Funds £ - - - - - - - - - - - - 1,552 1,552 |
|
|---|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
8
SOUTH LONDON COMMUNITY MUSIC
Balance Sheet as at 31 December 2024
| Note Fixed Assets Tangible assets 7 Current Assets Debtors 8 Cash at bank and in hand Creditors Amounts falling due within one year 9 Net Current Assets Net Assets Funds 10 |
£ £ 82,829 8,247 55,883 64,130 5,450 58,680 141,509 141,509 2024 |
£ £ 82,926 14,557 34,647 49,204 3,255 45,949 128,875 128,875 2023 |
£ £ 82,926 14,557 34,647 49,204 3,255 45,949 128,875 128,875 2023 |
|---|---|---|---|
| 128,875 | |||
| 128,875 |
In preparing these financial statements:
-
a) The Trustees are of the opinion that the company is entitled to the exemption from audit under Section 477 of the Companies Act 2006 and the Charities Act 2011.
-
b) No notice has been deposited pursuant to section 476, requiring an audit of these financial statements under the requirements of the Companies Act 2006.
-
c) The Directors acknowledge their responsibilities for:
-
(i) ensuring that the company keeps accounting records which comply with Section 386 of the Companies Act 2006, and
-
(ii) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial period and of its profit or loss for the financial period in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and with FRS102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland.
9
artl sw3t on its thl by Swrnri lStOn 10
SOUTH LONDON COMMUNITY MUSIC
Notes to Financial Statements For the Year Ended 31 December 2024
1. Accounting Policies
a) Basis of Accounting
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and with the Charities Act 2011. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
b) Fund Accounting
Unrestricted General Funds - These are funds which can be used in accordance with the charitable objects at the discretion of the trustees.
Restricted Funds - These are funds that can only be used for particular restricted purposes within the objects of the charity.
c) Incoming Resources
All incoming resources are included in the statement of financial activities when there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. The following specific policies are applied to particular categories of income:
Voluntary income, income from activities for generating funds and investment income are included in full in the Statement of Financial Activities when receivable.
Incoming resources from charitable activities are accounted for when earned.
d) Resources Expended
Expenditure is recognised when a liability is incurred and is included in the Statement of Financial Activities on an accruals basis, inclusive of any VAT which cannot be recovered.
-
Charitable activities expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
-
Governance costs include those incurred in the governance of the charity and its assets and are primarily associated with the constitutional and statutory requirements.
Certain expenditure is directly attributable to specific activities and has been included in those cost categories.
e) Fixed Assets
All fixed Assets are initially recorded at cost.
No depreciation is provided on music instruments and music library whose residual values are not expected to be less than their cost.
11
SOUTH LONDON COMMUNITY MUSIC
Notes to Financial Statements For the Year Ended 31 December 2024
e) Fixed Assets (cont'd)
Depreciation is provided on other fixed assets at rates calculated to write off the cost of the asset, less its estimated residual value, over its expected useful life as follows:
Sound system 15% reducing balance Furniture, music stands & others 15% reducing balance
2. Analysis of Expenditure on Charitable Activities
| Conductors & Tutors Rehearsal venue hire Rehearsal refreshments Performance expenses Repairs & Maintenance Insurance premium Other Donation Composition prize Depreciation Support Costs (Note 3) Governance (Note 3) |
2024 £ 10,762 10,700 98 15,051 228 385 1,502 - - 1,722 2,410 2,409 45,266 |
2023 £ 11,185 10,581 122 16,303 - 366 1,610 1,333 1,940 1,878 2,704 1,923 |
2023 |
|---|---|---|---|
| 49,945 |
| 3. Analysis of Expenditure of Support & Governance Advertising & Website AGM, Workshops & Training General admin Subscriptions Affiliations/BASBWE Meetings Bank charges Independent examiner's fees 4. Net Incoming Resources for the year This is stated after charging Depreciation |
Costs General Support £ 345 2,065 - - - - - 2,410 2024 £ 1,722 |
Governance Basis of allocation £ - Actual cost - Actual cost 786 Governance 392 Governance 31 Governance 300 Governance 900 Governance 2,409 2023 £ 1,878 |
|---|---|---|
12
SOUTH LONDON COMMUNITY MUSIC
Notes to Financial Statements For the Year Ended 31 December 2024
5. Trustee Remuneration & Related Party Transactions
There were no payments to trustees or related parties during the year
6. Taxation
The company is a registered charity and is exempt from tax on income and gains falling within sections 466 to 493 of the Corporation Tax Act 2010 or section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. On this basis, no provision is considered necessary for taxation.
7. Fixed Assets
| Cost At 1 January 2024 Additions Disposals At 31 December 2024 Depreciation At 1 January 2024 Charge for the year On disposals At 31 December 2024 Net Book Value At 31 December 2024 At 31 December 2023 |
Music instruments & Library £ 72,282 788 - 73,070 - - - - 73,070 72,282 |
Furniture, Sound Stands, System & Others £ £ 13,445 17,807 - 837 - - 13,445 18,644 9,250 11,358 629 1,093 - - 9,879 12,451 3,566 6,193 4,195 6,449 |
Total £ 103,534 1,625 - |
Total | |
|---|---|---|---|---|---|
| 13,445 | 105,159 | ||||
| 9,250 629 - |
20,608 1,722 - |
||||
| 9,879 | 22,330 | ||||
| 3,566 | 82,829 | ||||
| 4,195 | 82,926 |
8. Debtors
| Concerts proceeds and subscriptions Gift aid refund receivable Prepayments |
2024 £ 1,418 6,026 803 8,247 |
2023 £ 1,400 11,655 1,502 |
2023 |
|---|---|---|---|
| 14,557 |
13
SOUTH LONDON COMMUNITY MUSIC
Notes to Financial Statements For the Year Ended 31 December 2024
9. Creditors: Amounts falling due within one year
| Sundry creditors Accruals |
2024 £ 4,550 900 5,450 |
2023 £ 2,373 882 |
2023 |
|---|---|---|---|
| 3,255 |
10. Movements in Funds
| Unrestricted General Fund Restricted Fund |
Balance 01/01/24 £ 127,323 1,552 128,875 |
Incoming Outgoing £ £ 57,900 45,266 - - 57,900 45,266 Resources |
Incoming Outgoing £ £ 57,900 45,266 - - 57,900 45,266 Resources |
Balance 31/12/24 |
|||
|---|---|---|---|---|---|---|---|
| Incoming £ 57,900 - 57,900 |
|||||||
| £ 139,957 1,552 |
|||||||
| 141,509 |
11. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding-up, such an amount as may be required not exceeding £1.
14