Reglstered number: 07549890
Charity number- 1142138
THE TENEBRAE CHOIR
(A company limited by guarantee)
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

THE TENEBRAE CHOIR
IA¢ompany limit￿ by guarantee)
CONTENTS
Page
Reference and administrative details of the charity, its Trustees and advisers
Trustees. report
2-10
Indep•nd•nt auditors. report on th• finan¢ial statements
Statement of financial activities
16
Balance sheet
17-18
ststement of cash flows
19
Notes to the financial statements
20-36

THE TENEBRAE CHOIR
IA¢ompany limit￿ by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2024
Trustees
Elizabeth Andrews
Nicholas Bland
Andrew Halstead
James Kanagasooriam
Jonathan Lane, Chair
Nicola Oppenheimer
Kavi Pau
lan Ritchie (resigned 6 December 2023}
Sabrina Rodriguez
James Tumbull
Company reglslered
number
07549890
Charity registered
number
1142138
Rogisterod offi¢0
clo Lakin Rose Limited
Cambridge House
Camboro Business Park
Girton
Cambridge
CB3 OQH
Prlnclpal operatlng
office
clo Lyric Theatre
Lyric Square
King's Street
London
W6 OQL
Company Secretary
Alexandra Davies & Lydia Brookes
Chief executive
Alexandra Davies
Independenl audltors
Lakin Rose Limited
Chartered Accountanls
Statutory Auditors
Cambridge House
Camboro Business Park
Girton
Cambridge
CB3 OQH
Page 1

THE TENEBRAE CHOIR
IA¢ompany limit￿ by guarantee)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees (who are also Directors of the charity for the purposes of the Companies Act) present their annual
report together with the financial statements of The Tenebrae Choir Ilhe charity} for the period 1 April 2023 10 31
March 2024. The Trustees confirm that the Annual report and financial statements of the charity comply with the
current statutory requirements. the requirements of the charitvs goveming document and the provisions of the
Slatemenl of Recommended Practice ISORP) 'Accountsng and Reporting by Charibes" Isecond edition
October 20191.
Since the charity qualifies as small under section 382, the strategic report required of medium and large
companies under The Companies Act 2006 (Strategic Report and Director's Reportl Regulations 2013 is not
required.
Obj•¢tive$ and activities
Pollcles and objectlves
The charity was fomied for the advancement of the arts and culture. specifically by the presentation of concerts
and recordings. and by engaging members of the public from a broad range of backgrounds through ils Leaming
& Connection aclivilies.
In setting objectives and planning for aclivilies. the Trustees have given due consideration to general guidance
published by the Charity Commission relating lo public benefit. including the guidance 'Public benefit.. running a
charity IPB2)'.
b. Strategies for achieving objo¢tive$
The charity achieves its objectives principally by perfomiing concerts. making recordings, and delivering a wide
range of Leaming & Connection programmes for people of all ages. The activity of the charity is worldwide. The
Trustees are committed to the perfomiance and recording of new music and champion the work of up-and-
coming composers. performing it all over the UK and abroad, often bringing il to audiences for the first time.
Since its inception Tenebrae has striven for and achieved artistic excellence through dramatic programming.
flawless perfomiances and unforgettable experiences. Wherever possible. Tenebrae perfomis music by
candleli9ht and using the spatial opportunities afforded by the venue to create an immersive audience
experience. Tenebrae seeks lo continue lo innovate through ils engagement of core audiences and development
of artists and the expansion of its digital content and reach.
Page 2

THE TENEBRAE CHOIR
IA¢ompany limit￿ by guarantee)
TRUSTEES. REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
Obj•¢tive$ and activities l¢ontinuod}
c. Strategic D•v•lopment
The recent growth of our Learning & Connection programmes, as well as the introduction of the Artistic
Development Fund in the previous year. resulted in increased workload for our small management team. In
order lo address Ihis. éuring the financial year we inlr(x1uced two new roles..
In May 2023 we were joined by Nicole Artingslall in Ihe part-time role of Leaming & Connection Producer.
Not only did Nicole bring valuable expertise to this area of our work. but the creation of this role freed up
the Development & Learning Coordinator to focus entirely on fundraising; something which is increasingly
important as we continue to expand. Sadly (although not unexpectedly). Nicole moved on lo another role
at the end of the year. but this is now a permanent position within our team and we have since recwited
her successor (see 'Post Accounting Period Events and Plans for Future Periods'l.
In September 2023 we hired Eleanor Hunt in the ftjll-lime role of Operations Manager. This is a varied
role covering general operations. financial administration, and elements of marketing. and was designed
primarily to free up the Chief Executive lo focus less on day-l04ay administration and more on strategic
development. So far it has proven lo be very successful, and we are pleased with the overall shape of the
management team.
We continued to lake steps lo improve diversity and inclusion wherever possible. As reported last year. the most
prominent example of this is our work in slate primary schools in Wesl London. Our lalesl statistics show that
83 /0 of participants speak English as an additional language, and 43,/0 of children al Key Stage 2 qualify for free
school meals (compared to 19 /0 nalionallyl. Additionally. we have now begun to expand our 'Tenebrae Effect,
workshop programme. By being more flexible in our offer and subsidising the cost of these workshops, we can
actively engage with participants from a much wider range of backgrounds. For the first time. we also conducted
screened auditions. Applicants for our latest intske of Associate Artists were shortlisted on the basis of music
recordings only, and undertook their initial audition behind a screen. Only a final handful of candidates were
eventually invited lo a Tenebrae rehearsal so that we could assess their ensemble skills., something which would
be exceplionally difficutt to do anonyThously.
We continued to try and introduce music by composers from underrepresented backgrounds inlo our
programming. This remains challenging. simply because the vast bulk of choral music composed before the mid-
20th century was written by European men. Nonetheless, we were delighted wrth the warm reception for our
performances of A Prayer for Deliverance by Joel Thompson. a Black American composer of Jamaican heritage.
We also continued to champion works by a number of fantsslic female composers.
Finally, following the unexpected receipt of a significant legacy {£130.000 during FY 2023-24 and a further
£100.000 during FY 2024-251 the Board has approved a number of designated funds which will support our
strategic growth over the next few years..
Leamlng & Connectlon, £90,000- This fund is ring-fenced to safegtjard the delivery of our full Learning
& Connection programme for one year in the event that we miss our fundraising largels. This is
particularly important because our schools programme is designed lo run over 3 academic years.
Withdrawing from a school midway through their programme would compromise their overall
experience and risk devaluing the work already done.
Self-promoted ¢on¢ert$, £80,000- Over the next 6 years we will begin to self-promole concerts in 8-10
strategically chosen locations around the UK. Benefits of this include.. greater artistic autonomy.. partial
protection against a shrinking number of paid engagements due to the economic climate.. and the
opportunity to perfomi for new audiences in locations where we are unlikely to be booked by concert
promoters. In the longer term we expect these concerts to break even, bul first we must focus on
audience development. This fund represents an investment in building this self-promoled concert circuit.
Page 3

THE TENEBRAE CHOIR
IA¢ompany limit￿ by guarantee)
TRUSTEES. REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
Obj•¢tive$ and activities l¢ontinuod}
Infrastructure growth strategy, £50,000- In the past 18 months we have Created new roles {1.6
FTEI in order lo keep up with the charity's continued growth. It is probable that, at some point in the next
few years. we will need lo add further staff in the areas of finance and marketing. The Board has made
the decision to ring-fence these funds lo facilitate future appointments.
Artistic Development Fund, £50,000- Following the ongoing success of this fund over the past two
years, the Board have replenished it lo £50.000. As before. il is allocated to support projects which are
artistically or slralegically important lo further our aims. but do not generate revenue or fully cover their
cost. such as recordings. commissions and artistic R&D.
Dlgltal l Marketlng, £41,000- In the Trustees, report to the previous set of accounts, we identified the
development of our digital presence as a key strategic aim. Further to that, we have recently taken on
WildKat PR lo manage our digital strategy. as well as increasing our budget for online content and web
development. For the financial year 2024-25 we are forecasting a deficit due to the investment of
reseNes, so the Board has allocated £41,000 lo underwrite the full cost of this important strand of work.
25th annlversary prole¢ts, £25,000- A lump sum allocated to numerous artistic projects proposed for
Tenebrae's 25th anniversary season in 2026-27 (see 'Post Accounting Period Events and Plans for
Future Periods'l. This is in addition lo the rolling Artistic Development Fund.
Green tourlng, £20,000- Allocated to facilitate greener practices where possible and appropriate- e.g.
adding ground travel days rather than flying be￿een European engagements.
EDI strategy, £15,000- A small fund to kick-start initial work on a more comprehensive EDI strategy. In
the first instance this is likely lo involve commissioning some consultancy. and creating subsidised ticket
programmes to widen access for those from underrepresented backgrounds.
Page 4

THE TENEBRAE CHOIR
IA¢ompany limit￿ by guarantee)
TRUSTEES. REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
A¢hievoments and porfornian¢o
a. Main a¢hiov•m•nt$ of the charlty
Following an exceptionally busy year in 2022-23. the financial year 2023-24 fell like a retum lo stability following
several seasons of turbulence. That being said, we are aware that the combined economic impact of the
pandemic. Brexit and the war in Ukraine is being felt across Europe, and that many concert promoters (who
provide the largest portion of our revenue) are trying lo balance rising costs with stagnant or reduced box office
income. During the financial year we performed 56 concerts across 11 countries. as well as taking on a number
of recording projects and continuing to grow our Learning & Connection programme. We also focussed on
expanding our management team to ease pressure on existing staff. whose workloads had grown along with our
programme of work.
We remain immensely grateful to John Ellerman Foundation for their multi-year support of our core operations.
which underpin the delivery of all our artistic and educational work. We would also like lo reilerale our thanks to
John Lyon's Charity and Paul Hamlyn Foundation for their continued support of our work in Tenebrae's partner
primary schools in Ealing. West London.
rm
In April and May 2023 we gave 5 performances of a new programme of music by J. S. Bach and Sir
James Ma¢Millan. The first of these performances, which look place at St John's Smith Square (London),
was filmed by the BBC for broadcast on Easter Sunday. We concluded this lour at Snape Mallings
ISuffolk} in May when. thanks lo the generous support of those who donated via a crowdfunding
campaign. we were able to record our live performance for subsequent release as an album. We are
pleased that this programme has continued to be very popular with audiences and promoters alike. and
the choir has performed it multiple times in several different countries since this initial tour.
In the autumn we gave 3 performances of another new programme entitled 'A Prayer for Deliverance..
This programme was inspired by a musical work of the same name by the American Composer Joel
Thompson, who wrote il as a response to the murder of several Black men and women by the police in
the US. Written in 16 voice parts and requiring a virtuosic choir. il fell perfect for Tenebrae, and we gave
ils first UK performances at Windsor Festival, Wigmore Hall (London} and Bridgewater Hall
Imanchesterl. The other centrepiece of the programme is Herbert Howells, Requiem.. a stunning work
which is not performed as often as il should be. Alongside these major works the choir perfomieé music
by Caroline Shaw. Cecilia McDowall and Francis Poll among others.
Al Christmas 2023 we gave the first performances of a new programme for choir and actor.
commissioning the writer Garth Bardsley to create an original script which would be punctuated by choral
music for Advent and Christmas. The actor Clive Mantle played the role of a man recounting his
memories of Christmases past, including happy events as well as poignant moments. We perfomied it to
appreciative audiences al Sl Martin-in-the-Fields (Londonl, Saffron Hall IEssex}. Bury St Edmund's
ISuffolk} and Nottingham Royal Concert Hall. We were particularly pleased with the perfomiance in
Nottingham where, in spite of il being Tenebrae's debut performance in the city. Ihe audience numbered
around 700.
We would like to extend our grateful thanks lo The Marchus Trust for awarding us a grant towards this
new programme. and to The London Community Foundation and Cockayne- Grants for the Arts for
permitting us to rollover the unspent fvnds from a previous project to support the performance at St
Martin-in-the-Fields.
Page 5

THE TENEBRAE CHOIR
IA¢ompany limit￿ by guarantee)
TRUSTEES. REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
A¢hievoments and porfornian¢o l¢ontinuod}
During Holy Week 2024 we look our signalure work. Joby Talbot's Path of Miracles. lo St Marb'n-in-the-
Fields ILondonl, King's College Chapel in Cambridge, and Elbphilhamonie Hamburg. This was a very
special tour, featuring some incredible venues and a fantastic audience reception throughout. It was our
second perfomiance al Elbphilhamonie Hamburg following our debut there in late 2021. and we hope
that this relationship will continue lo develop over the coming years.
As usual, we toured extensively throughout Europe, with a couple of nolable developments. Our concert
in Namur in July 2023 marked our return lo Belgium for the first time since 2008. and we hope lo build on
this in seasons to come. In December 2023 we made our second ever visit lo Hungary. travelling to
Veszprem to perfomi our programme 'English Glories of the Renaissance,.
Recordin
As mentioned above. in May 2023 we recorded a live perfomiance of music by Bach and Macmillan at
Snape Mallings in Suffolk. This was a new way of working for us as, until now, we have always recorded
our albums in a number of closed sessions. The live recording model is significantly less expensive than
the session model. and we wanted lo ascertain whether it would produce a recording of adequate quality.
We released the album on Signum Records in October 2023 and. although the end result is not as
polished as an album made in closed sessions, overall we were really proud of how this recording turned
out.
In September 2023 we were invited to re-record the iconic UEFA anthem by composer Tony Britten. This
project was a lot of fun. and an encouraging boost for Tenebrae as we continue to seek more commercial
session work. The new version of the anthem was subsequently released in summer 2024 as part of a
wider re-branding by UEFA.
Aso in autumn 2023. we were delighted lo find out Ihat our most recent Christmas album, In Winter's
House. had won the choral category of the prestigious Edison Classical Music Awards.
min
nn
Our Tenebrae Schools programme continued to grow as we took on our third partner schcK)I, taking the
programme to capacity for the first time since its launch in 2021-22. Havelock Primary School enrolled on
the programme in autumn 2023, joining Tudor Primary School (who were beginning their second year)
and Clifton Primary School {who were embarking on their third and final year on the programmel. The
administration of the programme began to benefit from the creation of a dedicated Learning &
Connection role within our sm811 team. and in summer 2023 we were able to deliver some valuable
training for our growing workshops delivery team of freelance musicians. Across two days. they learned
new repertoire for the year ahead. recapped basic techniques for leaching young Children. and
considered ways in which we can contribute lo the decolonisation of the music Curriculum. In addition to
delivering fortnighlly workshops for our target year groups. in March 2023 we invited the participating
classes to a specially curated concert in St Mary's, Ealing. Athough Tenebrae performs regularly for the
children in their schools, we wanted them to experience the sound of a professional choir in a bigger
acoustic and more of a 'concert' setting.11 was a shame that one of our three schools was unable to
make il on the day due lo complications with transport. bul we received wonderful feedback from the
other two schools and will aim lo repeat this in the future.
In October and November 2023 we worked wth Streetwise Opera for the first lime. arranging some
activity around our performances of'A Prayer for Deliverance, al Wigmore Hall (London) and Bridgewater
Hall (Manchester). This was a light-touch collaboration.. we facilitated composer Joel Thompson to
contribute to workshops with Streetwise Opera performers in London and Manchesler, and were
also able to arrange for perfomiers from both locations lo obseNe Tenebrae in rehearsal and
Page 6

THE TENEBRAE CHOIR
IA¢ompany limit￿ by guarantee)
TRUSTEES. REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
A¢hievoments and porfornian¢o l¢ontinuod}
performance. Nonetheless. it was a great success. with bolh parties feeling that the collaboralion was
mutually beneficial. We are already in conversation with Ihe team at Streetwise Opera about ways in
which we can build on this in future seasons.
so at Bridgewater Hall in November 2023. the choir gave a curated schools, performance for over 700
local school children, leading them in communal singing aclivities as well as performing a few pieces
from the evening's concert programme.
We began lo lay the groundwork for an expanded 'Tenebrae Effect, programme. Historically. we have
offered these vocal workshops to adult amateurs who already sing regularly and have strong sight-
reading skills. Going foN4ard, we aim lo offer them to a much broader range of participants. As well as
working with Streetwise Opera and with children in Manchester, during the financial year we gave
workshops for the cathedral choir in Sl Asaph (Wales) and amateur singers in Nottingham, facilitated
King's Junior Voices in Cambridge to observe a Tenebrae rehearsal, and opened productive
conversations with a number of groups with whom we arranged activity to take place after the financial
year-end.
Our sextet of Associate Artists continued to make significant contributions lo the choir, appearing in
concerts and recordings throughout the year as well as helping to lead workshops in our partner schools
and al London Youth Choir.
Financial review
. Going COn￿M
After making appropriale enquines, the Trustees have a reasonable expectation that the charity has adequate
resources to continue in operational existence for the foreseeable future. For this reason they continue lo adopt
the going concern basis in preparing the financial statements.
Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.
b. Surplu$
For the year under review the charity made a surplus of £182.784 which will be added lo the reserves broughl
forward. Reserves of £728,765 will be carried fotward including £113,548 of restricted funds and £371.000 of
designated funds.
The reseNes carried fO￿are were achieved by the careful management of costs and overheads, strong
surpluses on concert engagements. and successful fundraising for our Learning & Conneclion programmes.
c. Reserves poll¢y
The charty is maintaining sufficient reserves to cover six months of ils core organisational costs. reflecting the
long-temi nature of its forward contracts and commitments lo both musicians and promoters.
Page 7

THE TENEBRAE CHOIR
IA¢ompany limit￿ by guarantee)
TRUSTEES. REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
d. Prlnclpal rlsks and uncertalntles
The Trustees have assessed the major risks lo which the charity may be exposed through 8 Risk Register and
are satisfied that systems and procedures are in place to mitigate its exposure to those major nsks over which
the Trustees have a measure of control.
Structure. governance and management
a. Constitution
The charrty is registered as a charitable company limited by guarantee, incorporated on 3 March 2011. govemed
by ils memorandum and articles. The charity received ils charitable status on 27 May 2011. The charity is
constituted under ils memorandum and articles and is a registered charity number 1142138.
The Trustees of the charity are the Directors of the company.
b. Methods of appointment or election of Trustees
The Trustees have the power to co-opt additional Trustees. While there are no specrfic policies for the training
of Trustees. who would be skilled in their particular field before being appointed. the Trustees have regard to any
specialist skills needed when co-opting potential Trustees - for example, fundraising. musical knowledge. digital
marketing etc.
c. Organisational structure and decision-making policie$
The Trustees meet periodically lo discuss the matters affecting the charity and lo review the financial position of
the charity. In addition, the Trustees liaise wrth the Chief Executive about any specific points that they may be
interested in.
Individual Trustees are not allowed to vote on any remuneration or fees Ihat they may receive from the charity-
During the financial year covered by this annual report, lan Ritchie resigned from Ihe Board of Trustees after a
long and fruitful tenure. The remaining Twstees would like lo take this opportunity lo offer very grateful thanks to
lan for contributing his expertise over many years, particularly in the fields of choral programming and music
education.
Post accounting period events and plans for future periods
Since April 2024 we have undertaken several notable artistic projects as well as putting in place the building
blocks for future strategic development, with further exciting plans in the pipeline for future periods.
In June 2024 we appointed WildKal PR to help us deliver our digital strategy. Having previously identified
our digital platforms as a key opportunity for development. we are excited lo work with WildKat {inilially on
a 12-month contract) lo grow our online reach and engagement.
Eadier in this report we gave delails of one of our newest concert programmes. 'A Prayer for
Deliverance'.This is proving popular with promoters and, since year-end. we have given performances in
Perth (Scollandl, Ampleforth Iyorkshirel, Souillac (Francel, Bremen (Germany), Wiesbaden {Gemianyl
and Lucerne Iswitzerlandl. In July 2024 we recorded our perfom)ance at Ampleforth Abbey live in
concert, and expect the resulting album lo be released on Signum Records in July 2025. We are
particularly excited lo share the premiere recording of A Prayer for Deliverance by Joel Thompson.
Page 8

THE TENEBRAE CHOIR
IA¢ompany limit￿ by guarantee)
TRUSTEES. REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
Post accounting period events and plans for future ￿riOdS l¢ontinuod}
In September 2024. four new singers joined us as Associate Artists. replacing sopranos. an alto and
a lenor who had all completed their time on the programme. Al the same time, we welcomed Gifford
Primary School in Northoll (Ealingl as our newest partner school. Our target year group there will be Year
In December 2024 we will be working again with Ihe Academy of Ancient Music {AAMI on a short tour of
Handel's Messiah. Our last collaboration with AAM in 2021 was a great success, and we are looking
forward lo re-visiting Handel's iconic oratorio. This tour will include our debut performances al Het
Concertgebouw and SPOT Groningen (Netherlandsl as well as return visits to the Kurhaus Wiesbaden
(Germany) and Saffron Hall IUKI.
In lemis of staffing. in June 2024 we welcomed Gail Rimeika in the role of Leaming & Connecb'on
Producer. Gail brings a wealth of experience from her previous roles at organisalions including
Spitalfields Music and City of London Sinfonia. ané we are pleased that we have been able to increase
her hours from 2 10 3 days per week since we initially created this role last year. In September 2024 our
Chief Executive, Alexandra Davies. began a 9-month maternity leave. She will return lo work in July 2025
and. in the meantime, her role will be covered by Lydia Brookes. Lydia is well acquainted with
Tenebrae, having already covered the Chief Executive role when Alexandra took a short sabbatical lasl
year. and we are delighted that she is available to take on this longer period of cover.
Looking further ahead. and pending the outcome of several open grant applications. in April 2025 we
hope to work with three North Indian classical musicians via a collaboration with The Third Culture
Collective. Through a period of R&D. we will develop a new programme which taps inlo an entirely new
sound world, represenlative of the diverse musical landscape of m(Klern Britain.
The 2026-27 season will mark 25 years since the choir was founded by Nigel Short in 2001. We are
currently in the early planning stages and much will depend on the success of our forthcoming fundraising
campaigns. but planned activities include several new commissions. an anniversary recording, and a new
composition competition to identrfy new and diverse talent.
Al the same lime as planning for our anniversary celebrations, and as described above. we will be
focussing on building a self-promoted touring circuit. This marks a significant departure from our current
business model, which relies almost exclusively on paid engagements, and SLJch a development is only
possible because of improvements to the charills financial stability over the past few years.
Finally, in order to optimise our reserves. eartier this year we opened a COIF deposit fund with CCLA.
Cash levels will be reviewed by the audit committee on a quarterly basis, and we will aim lo retain around
6 months, operating costs in our current accounts with HSBC. Any surplus cash can be invested with
CCLA until such time as il is needed lo support operating cosls or specrfic projects.
Members, Ilablllty
The Members of the charity gu8r8ntee lo contribute an amount not exceeding £110 the assets of the charity in
the event of winding up.
Page 9

THE TENEBRAE CHOIR
IA¢ompany limit￿ by guarantee)
TRUSTEES. REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
Stat•mont of Tru$tee$' responsibilities
The Tnjstees (who are also the directors of the charity for the purposes of company law) are responsible for
preparing the Trustees, report and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel.
Company law requires the Tnjstees lo prepare financial statements for each financial year. Under company law,
the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair
view of the state of affairs of the charity and of ils incoming resources and application of resources. including its
income and expenditure. for that period. In preparing these financial slatemenls, the Tnjstees are required to..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles of the Charities SORP IFRS 1021..
make judgments and accounting estimates that are reasonable and pnjdent.,
stale whether applicable UK Accounting Standards IFRS 1021 have been followed, subject to any material
departures disclosed and explained in the financial slalements.,
prepare the financial statements on the going concern basis unless il is inappropriate to presume that the
charity will continue in business.
The Tnjstees are responsible for keeping adequate accounting records that are sufficient to show and explain
the charitys transactions and disclose with reasonable accuracy at any lime the financial position of the charity
and enable them to ensure that the financial statements Comply with the Companies Act 2006. They are also
responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention
and detection of fraud and other irregularities.
Disclosure of inforniation to auditors
Each of the persons who are Tnjstees at the lime when this Trustees. report is approved has confimied Ihal..
so far as Ihal Trustee is aware, there is no relevant audit information of which the charitys auditors are
unaware, and
that Trustee has taken all Ihe sleps that ought to have been taken as a Trustee in order to be aware of
any relevant audit infomiation and to establish Ihat the chariws audrtors are aware of that infomiation.
Auditors
The auditors. Lakin Rose Limited. have indicated their willingness to continue in office. The designated Tnjstees
will prosx)se a motion reappointing the auditors at a meeting of the Trustees.
Approved by order of the members of Ihe board of Tnjstees on
by..
05 Dec 2024
and signed on their behalf
Jonathan Lane (Thu, 5th D8c2024
J6hatfi¥fy Lane
Chair of Trustees
Page 10

THE TENEBRAE CHOIR
IA¢ompany limit￿ by guarantee)
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF THE TENEBRAE CHOIR
Opinion
We have audited the financial statements of The Tenebrae Choir (the 'charilll for the year ended 31 March
2024 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the
related notes, including a summary of significant accounting policies. The financial reporting framework that has
been applied in their preparation is applicable law and United Kingdom Accounting Slandards, including
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland, (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial stalemenls..
give a true and fair view of the slate of the charitable companls affairs as al 31 March 2024 and of its
incoming resources and application of reSoUr￿s. including its income and expenditure for the year then
ended-
have been properfy prepared in accordance with United Kingdom Generally Accepted Accounting
Practice- and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinlon
We conducted our audit in accordance with Intemalional Standards on Auditing IUKI IISAS IUK}l and applicable
law. Our responsibilrties under those standards are further described in the Auditors, responsibilities for the audit
of the financial statements section of our report. We are independent of the charitable company in accordance
with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom,
including the Financial Reporting Council's Ethical Standard. and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence Ke have obtained is
sufficient and appropriate to provide a basis for our opinion.
Con¢lusions r•latlng to going concem
In auditing the financial statements. we have concluded that the Trustees, use of the going concem basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work have performed, we have not identified any material uncertainties relating lo events or
conditions that, individually or collectively, may cast significant doubl on the charitable companrfs ability lo
continue as a going Concern for a period of al least twelve months from when the financial statements are
aulhorised for issue.
Our responsibililies and Ihe responsibiltties of Ihe Trustees with respect to going concern are described in the
relevant sections of this rewrt.
Page11

THE TENEBRAE CHOIR
IA¢ompany limit￿ by guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE TENEBRAE CHOIR ICONTINUEDI
Other information
The other information comprises the infomiation included in the annual report other than the financial slatemenls
and our auditors. report Ihereon. The Trustees are responsible for the other information contained within the
annual report. Our opinion on the financial statements does not cover the other information and, except lo the
exlenl othemise explicitly stated in our report. we do not express any form of assurance conclusion thereon. Our
responsibility is to read the other information and. in doing so, consider whether the other information is
materially inconsislenl with the financial statements or our knowledge obtained in the course of the audit, or
otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material
misstatements, are required lo delemiine whether this gives rise to a material misstslemenl in the financial
statements themselves. If. based on the work we have performed, we conclude that there is a material
misstatement of this other information, we are required lo report that fact.
We have nothing lo report in this regard.
Opinion on other matters pres¢ribod by the Companios Act 2006
In our opinion, based on Ihe work undertaken in the course of the audit..
the information given in the Trustees, Report for the financial year for which the financial slatemenls are
prepared is consislenl wrth the financial statements.
the Trustees, Report has been prepared in accordance wth 8ppIic8ble legal requirements.
Matters on whl¢h we are requlred to report by exceptlon
In the light of our knowledge and understanding of the charitable company and its environment obtained in the
course of the audit, we have not identified material misstatements in the Trustees, Report.
We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires
us to report lo you if. in our opinion..
adequate accounting records have not been kepl, or retums adequate for our audit have not been
received from branches not visited by us., or
the financial statements are not in agreement with the accounting records and returns: or
certain disclosures of Twstees, remuneration specified by law are not made., or
we have nol received all the infom)ation and explanations we require for our audiL or
the Trustees were not entitled lo prepare the financial statements in accordance with the small companies
regime and lake advantage of the small companies, exemptions in preparing the Trustees, Report and
from the requirement lo prepare a Slralegic Report.
Page 12

THE TENEBRAE CHOIR
IA¢ompany limit￿ by guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE TENEBRAE CHOIR ICONTINUEDI
Rosponsibilitios of trustees
As explained more fully in the Iruslees, responsibilities statement. the Trustees (who are also the directors of the
charitable company for the purposes of company lawl are responsible for the preparation of the financial
statements and for being satisfied that they give a true and fair view, and for such internal control as the
Trustees determine is necessary lo enable the preparation of financial slatemenls that are free from material
misstatement, whether due to fraud or error.
In preparing the financial slatemenls, the Tnjstees are responsible for assessing the charitsble companys ability
to continue as a going concern, disclosing, as applicable, mallers related to going concern and using the going
concem basis of accounting unless the Trustees either intend to liquidate the charitable company or lo cease
operations, or have no realistic alternative but to do so.
Auditors. rospon$ibilitie$ for th• audit of the financial $tstomont$
Our objectives are to obtain reasonable assurance about whether the financial stalemenls as a whole are free
from material misstatement, whether due to fraud or error, and lo issue an auditors. report that includes our
opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in
accordance with ISAS IUKI will always detect a material misslatemenl when it exists. Misstatements can arise
from fraud or error and are considered material if. individually or in the aggregate. they could reasonably be
expected to influence the economic decisions of users tsken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures
in line with our responsibilities. outlined above, lo delect material misstatements in respect of irregularities,
including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is
detailed below..
Extent to whl¢h the audlt was ¢onsldered capable of detectlng Irregularltles, Includlng fraud
We idenlrfy and assess the risks of material misstatement of the financial slatemenls, whether due lo fraud or
error. and then design and perform audit procedures responsive lo those risks. including obtaining audit
evidence that is sufficient and appropriate lo provide a basis for our opinion.
Identifying and assessing polential risks related lo irregularities
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-
compliance with laws and regulations, we considered the following..
the nature of the sector, control environment and performance,
results of our enquiries of management about their own identification and assessment of the risks of
irregularities.,
any matters we identified having obtsined and reviewed the company's documentation of their policies
and procedures relating to..
identifying. evaluating and complwng with laws and regulations and whether they were aware of
any instances of noncompliance.,
detecting and responding to the risks of fraud and whelher they have knowledge of any actual.
suspected or alleged fraud..
the intemal controls established to miligale nsks of fraud or non-compliance with laws and
regulations.,
the discussions among the audit engagement team and involving relevant internal specialists regarding
how and where fraud might occur in the financial statements and any potential indicators of fraud.
Page 13

THE TENEBRAE CHOIR
IA¢ompany limit￿ by guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE TENEBRAE CHOIR ICONTINUEDI
As a result of these Pro￿dUres, we considered the opportunities and in￿ntiveS that may exist wrthin the
organisalion for fraud and identified the greatest potential for fraud in relation lo revenue recognition. In common
with all audits under ISAS IUKI, we are also required to perform specific Pro￿dureS to respond to the risk of
management override.
We also obtained an understanding of the legal and regulatory frameworks that the company operates in,
focusing on provisions of those laws and regulations that had a direct effect on the determination of material
amounts and disclosures in the financial statements. The key laws and regulations we considered in this context
included the UK Charities Act, the UK Companies Act and UK tsx legislation.
In addition, we considered provisions of other laws and regulations that do not have a direct effect on the
financial statements but compliance with which may be fundamental lo the companls ability lo operate or to
avoid a material penalty. We identified no such laws and regulations applicable lo the company.
Audit response lo risks identified
As a result of performing the above, we identified revenue recognition as a key audit risk related to the potential
risk of fraud. Our procedures to respond lo risks identified included the following=
reviewing the financial stalemenl disclosures and lesling to supporting documentation to assess
compliance with provisions of relevant laws and regulations described as having a direct effect on the
financial st8lements',
enquiring of managemenl concerning actual and potential litigation and claims..
performing analylical procedures lo identify any unusijal or unexpected relationships that may indicate
risks of material misst8tement due to fraud;
reading minutes of meetings of those charged with governance.,
obtained an understanding of provisions and held discussions with management lo understand the basis
of recognition or non-recognilion of provisions., and
in addressing the risk of fraud through management override of controls, testing the appropriateness of
journal entries and other adjuslmenls- assessing whether the judgements made in making accounting
eslimales are indicative of a potential bias.. and evaluating the business rationale of any signbficant
transactions that are unusual of outside the normal course of business.
We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team
members including intemal specialists. and remained alert lo any indications of fraud or noncompliance with laws
and regulations throughout the audit.
A fvrther description of our responsibilities for the audit of the financial stalemenls is located on the Financial
Reporting Council's website at: ￿.frC.Or
.uklauditorsres
nsibiltties. This description fomis part of our
auditors, reporL
Page 14

THE TENEBRAE CHOIR
IA¢ompany limit￿ by guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE TENEBRAE CHOIR ICONTINUEDI
Use of our roport
This report is made solely to the charitys members. as a body, in accordan￿ with Chapler 3 of Part 16 of the
Companies Act 2006. Our audit work has been undertaken so that we might stale lo the charity's members
those matters are required lo slate lo them in an auditors. report and for no other purpose. To Ihe fullest
extent pemiitted by law. we do not accept or assume reswnsibilily lo anyone other than the charity and ils
members, as a body. for our audit work, for this report, or for the opinions we have formed.
Christopher Dougherty (senior statutory auditor)
for and on behalf of
Lakin Rose Limited
Chartered Accountants
Statutory Auditors
Cambridge House
Camboro Business Park
Girton
Cambridge
CB3 OQH
Date.. 5 December2024
Page 15

THE TENEBRAE CHOIR
IA¢ompany limit￿ by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 31 MARCH 2024
Restricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Note
Income from..
Donations and legacies
Charitable activities
Other income
154,456
204,774
700,786
24,914
359,230
700,786
24,914
180, 739
901,855
25,513
Total income
154,456
930,474
1,084,930
1, 108, 107
Expenditure on..
Charitable activities
147,676
754,470
902,146
965,554
Total expendlture
147,676
754,470
902,146
965,554
Net movement in funds
6,780
176,004
182,784
142,553
Reconciliation of funds:
Total funds brought fO￿ard
Net movemenl in funds
106,768
6,780
439,213
176,004
545,981
182,784
403,428
142,553
Total funds carried forward
113,548
615,217
728,765
545,981
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 20 to 36 form part of these financial slatements.
Page 16

THE TENEBRAE CHOIR
IA company limited by guarantee)
REGISTERED NUMBER: 07549890
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Note
Fixed assets
Tangible assets
Investmenls
11
7,391
539
12
7,391
540
Current assets
Stocks
Debtors
Cash at bank and in hand
13
14
2,680
98,466
699,481
2,345
100,522
502, 707
800,627
605,574
Creditors.. amounls falling due within one
year
15
179,2531
(60, 133)
Net current assets
721,374
545,441
Total net assets
728,765
545,981
Charity funds
Restricted funds
Unreslricted funds
16
113,548
106, 768
Designated funds
General funds
16
16
371,000
244,217
50,000
389,213
Total unrestricted funds
16
615,217
439,213
Total funds
728,765
545,981
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to
accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to
the small companies regime.
Page 17

THE TENEBRAE CHOIR
IA company limited by guarantee)
REGISTERED NUMBER: 07549890
BALANCE SHEET {CONTINUEDI
AS AT 31 MARCH 2024
The financial statements were approved and aulhorised for issue by the Tnjstees on 05 Dec 2024
and signed on their behalf by..
Jonathan Lane (Thu, 5lh Dec2024
Jéfialfiklh Lane
Chair of Tnjstees
The notes on pages 20 to 36 form part of these financial slatements.
Page 18

THE TENEBRAE CHOIR
IA¢ompany limit￿ by guarantee)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Ca$h Ilows from operating activities
Net cash used in operating activities
205,237
128,614
Cash flows from Investlng actlvltles
Purchase of tangible fixed assels
18.463)
Not cash (used lnllprovld￿ by investlng actlvities
18.463)
Change In cash and ¢ash ¢qulval¢nts In the year
Cash and cash equivalents al the beginning of the year
196,774
502,707
128,614
374,093
Cash and cash equlvalents at the end of the year
699,481
502, 707
The notes on pages 20 to 36 form part of these financial statements
Page 19

THE TENEBRAE CHOIR
IA¢ompany limit￿ by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
General information
The charity is a company limited by guarantee and is incorporated in England and Wales. The address of
the registered office is clo Lakin Rose Limited, Cambridge House, Camboro Business Park. Girton.
Cambridge, CB3 OQH.
A¢countlng pollcles
2.1 Basis of preparation of financial $tat8mont$
The financial slatemenls have been prepared in accordance with the Charities SORP IFRS 102}
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 102} leffectsve 1 January 20191 and the Companies Act 2006.
The Tenebrae Choir meets the definition of 8 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.
2.2 Charity $tstu$
The charity is a company limrted by guarantee. The members of the charity are the Iruslees listed on
page 1. In the event of the charity being wound up. the liability is respect of this guarantee is limf(ed to
£1 per member of the charity.
2.3 Going ¢oncem
The financial statements have been prepared on a going concem basis. which assumes that the
charity will continue as a going concem for the foreseeable future. The Trustees have performed a
going concern assessment and have specifically considered the resources available to the Charity
and the obligations expected to arise over the medium temi. taking into account expected operating
acb'vilies in line with ils charitable objectives and the investment of reserves in new hires and
strategic artistic projects. On the basis of the assessment perfomied. the Trustees have reasonable
expectation that the charity has adequate resources to continue to operate for the foreseeable future
and that il is appropriate lo prepare the financial statements on a going concem basis.
2.4 Income
l income is recognised once the charity has entillemenl to the income, it is probable that the income
will be received and the amount of income receivable can be measured reliably.
The recognition of income from legacies is dependent on establishing entitlement. the probability of
receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of
enlitlemenl to 8 legacy exists when the charity has sufficient evidence that a gift has been left to them
(through knowledge of the existence of a valid will and the death of the benefactor) and the executor
is satisfied that the propety in question will not be required to satisfy claims in the estate. Receipt of
a legacy must be recognised when it is probable that it will be received and the fair value of the
amount receivable. which will generally be the expected cash amount to be distributed to the charity.
can be reliably measured.
Other income is recognised in the period in which it is receivable and lo the exlenl the goods have
been provided or on completion of the service.
Page 20

THE TENEBRAE CHOIR
IA¢ompany limit￿ by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
A¢counting poli¢i•s l¢ontinuedl
2.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation lo transfer economic benefit
lo a third paty. it is probable that a transfer of economic benefits will be required in selllement and
the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs
of each activity are made up of the lotsl of direct costs and shared costs, including support costs
involved in undertaking each activity. Direct costs atlribulable lo a single activity are allocated directly
to that activity. Shared costs which contribute to more than one activity and support costs which are
not attributable lo a single activity are apportioned between those activities on a basis consistent with
the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation
charges allocated on the portion of the asset's use.
Expenditure on charitable activities is incurred on directly undertaking the aclivrties which further the
charitls objectives. as well as any 8SSOCl8ted support costs.
l expenditure is inclusive of irrecoverable VAT.
2.6 Tangible fixod as￿1$ and d•pr8¢iation
Tangible fixed assets are initially recognised al cost. After recognition, under the cost model, tangible
fixed assets are measured al cost less accumulated depreciation and any accumulated impairment
losses. All costs incurred lo bring a tsngible fixed asset into its intended working condition should be
included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their estimated useful lives, using the straighl-line method.
Depreciation is provided on the following basis..
Office equipment
33 % straight line
2.7 Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their
transaction cost and subsequently measured al fair value at the balance sheet dale, unless the value
cannot be measured reliably in which case il is measured at cost less impairment. Investment gains
and losses, whether re81ised or unrealised, are combined and presented as 'GainsllLosses) on
investments, in the statement of financial activities.
Inveslmenls in subsidiaries are valued at cost less provision for impaim)enl.
2.8 Stocks
Stocks are valued at Ihe lower of cost and nel realisable value after making due allowance for
obsolete and slow-moving stocks. Cosl includes all direct costs and an appropriate proportion of fixed
and variable overheads.
Page 21

THE TENEBRAE CHOIR
IA¢ompany limit￿ by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
A¢counting poli¢i•s l¢ontinuedl
2.9 Liabilities and provisions
Liabilities are recognised when there is an obligation al the balance sheet dale as a result of a past
event, it is probable Ihal a transfer of economic benefit will be required in settlement, and the amounl
of the settlement can be estimated reliably.
Liabilities are recognised al the amount that the charity 8nlicip8tes il will pay lo setue the debt or the
amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required lo settle the obligation. Where
the effect of the lime value of money is material, the provision is based on the present value of those
amounts, discounted at the pre-tax discount rate that reflects the risks specific lo the liability. The
unwinding of the discount is recognised in the statement of financial activities as a finance cost.
2.10 Pensions
The charity operates a defined contribution pension scheme and the pension charge represents the
amounts payable by the charity lo the fund in respect of the year.
2.11 Fund accountlng
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtheran￿ of the general objectives of the charity and which have not been designated for other
purposes.
Designated funds comprise unreslricled funds that have been set aside by the Trustees for parb'cular
purposes. The aim and use of each designated fund is sel out in the notes to the financial
stalemenls.
Reslricled funds are funds which are to be used in accordan￿ with specific reslriclions imposed by
donors or which have been raised by the charity for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is set out in the notes to the financial statements.
Page 22

THE TENEBRAE CHOIR
IA¢ompany limit￿ by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Income from donalions and legacies
Restricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Donations
Legacies
154,456
74,774
130,000
229,230
130,000
180, 739
154,456
204,774
359,230
180, 739
Total 2023
135,t50
45,589
180, 739
Income from charitable activities
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Concert income and music sales
700.786
700,786
901,855
Total 2023
901,855
901,855
Oth•r In¢omlng resources
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Royalties
YouTube income
15,488
9,426
15,488
9,426
17,454
8,059
24,914
24,914
25,513
Total 2023
25,513
25,513
Page 23

THE TENEBRAE CHOIR
IA¢ompany limit￿ by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Analysis of expondituro on ¢haritsbl• activitie$
Summary by fund typo
Restricted Unrestricted
funds
funds
2024
2024
Total
2024
Total
2023
Advancement of classical music
147,676
754,470
902,146
965,554
Total 2023
78,916
886,638
965,554
Summary by expondituro typo
Staff costs Depre¢latlon Other costs
2024
2024
2024
Total
2024
Total
2023
Advancemenl of classical
music
155,869
1,611
744.666
902,146
965,554
Total 2023
121,062
753
843, 739
965,554
Analy$is of 8xponditur• by activities
Activities
undertaken
directly
2024
Support
costs
Total
funds
2024
Total
funds
2023
2024
Advancement of classical music
851,395
50,751
902,146
965,554
Total 2023
921,234
44,320
965,554
Page 24

THE TENEBRAE CHOIR
IA¢ompany limit￿ by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Auditors, remuneration
2024
2023
Fees payable lo the charrtls auditor for Ihe audit of the charity's annual
accounts
7,875
Fees payable to the charivs audrtor in respect of..
All non-audit services not included above
5,474
2, 750
Staff costs
2024
2023
Wages and salaries
Social security costs
Contnbulion to defined contn'bulion pension schemes
144,614
8,453
2,802
112,500
6,034
2,528
155,869
121,062
The average number of persons employed by the charity during the year was as follows..
2024
No.
2023
No.
Employees
No employee received remtJner8tion amounting lo more than £60.000 in either year.
10. Trustees. remuneratlon and expenses
During the year ended 31 March 2024, no Trustees received any remuneration or other benefits (2023 -
£NIL).
During the year ended 31 March 2024, no Tnjslee expenses have been incurred (2023 - £NIL).
Page 25

THE TENEBRAE CHOIR
IA¢ompany limit￿ by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
11. Tangible fixed assets
Office
equlpment
Cost or valuation
Al 1 April 2023
Additions
7,331
8,463
Al 31 March 2024
15,794
Depreciation
Al 1 April 2023
Charge for the year
6,792
1,611
Al 31 March 2024
8,403
Net book value
Al 31 March 2024
7,391
At 31 March 2023
539
12. Fixed asset investments
Investments
in
subsldlary
companies
Al 1 April 2023
Disposals
(1)
Net book value
At 31 March 2023
Tenebrae Choir Trading Limited was dissolved on 30 May 2023.
Page 26

THE TENEBRAE CHOIR
IA¢ompany limit￿ by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
11 Stocks
2024
2023
Finished goods and goods for resale
2,680
2,345
14 Debtors
2024
2023
Due wlthln one year
Trade debtors
Other debtors
Prepayments and accrued income
54,109
2,880
41,477
43,141
2,880
54,501
98,466
100,522
1& Creditors: Amounts falling duè within one year
2024
2023
Trade creditors
Amounts owed lo group undertakings
Other taxation and social security
Other creditors
Accruals and deferred income
49,896
16,581
10,371
747
18,239
10,327
3,396
29,828
79,253
60,133
Page 27

THE TENEBRAE CHOIR
IA¢ompany limit￿ by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
1& Statement of funds
Stat•mont of fund$ - current y•ar
Balance at
31 March
2024
Balance at 1
April 2023
Transfers
inlout
Income Expendlture
Unrestricted funds
Designated funds
Leaming & Connection
Self-promoled concerts
Infrastructure Growth Strategy
Artistic Development
Digital l Marketing
25th Anniversary Projecls
Green Touring
EDI Strategy
90,000
80,000
50,000
90,000
80,000
50,000
50,000
41,000
25,000
20,000
15,000
50,000
41,000
25,000
20,000
15,000
50,000
321,000
371,000
Gèneral funds
General Funds
389,213
930,474
1754,4701 1321,0001
244,217
Total Unrestricted funds
439,213
930,474
1754.470)
615,217
Page 28

THE TENEBRAE CHOIR
IA¢ompany limit￿ by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
1& Stat•m•nt of funds (Continued)
Balance at
31 March
2024
Balance at 1
April 2023
Transfers
inlout
Income Expenditure
Restricted funds
Choral Development
Programme
Associate Artists Scheme
Josephine Stephenson New
Commission
Schools Fund l Tenebrae
Schools
Bach & Macmillan
A Christmas Conversation
Tenebrae Effect Wofkshops
CO￿ Operations
Sl Bartholomew-Ihe-Great
3,000
47,000
(3.000)
147,0001
45,000
45,000
4,684
(4,684)
37,500
19,584
87,500
2,686
4,770
3,500
5,000
1,000
166.6211
121,6011
(4.770)
58,379
669
3,500
5,000
1,000
106,768
154,456
1147.676)
113,548
Total of funds
545,981
1,084,930
1902,146)
728,765
Page 29

THE TENEBRAE CHOIR
IA¢ompany limit￿ by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
1& Stat•m•nt of funds (Continued)
Designated Funds forthe year ended 31 March 2024
Learning & Connection. £90.000 - This fund is ring-fenced to safeguard the delivery of our full Learning
& Connection programme for one year in the event that we miss our fundraising targets. This is
particularly important because our schools programme is designed to run over 3 academic years.
Withdrawing from a school midway through their programme would compromise their overall experience
and risk devaluing the work already done.
Self-promot•d conc•rt$, £80.000 - Over the next 6 years we will begin lo self-promote concerts in 8-10
strategically chosen locations around the UK. Benefits of this include.. greater artistic autonomy.. partial
protection against a shrinking number of paid engagements due to the economic climate.. and the
opportunity lo perform for new audiences in locations where we are unlikely lo be booked by concert
promoters. In the longer term we expect these concerts lo break even. but first we musl focus on
audience development. This fund represents an investment in building this self-promoled concert circuit.
Infrastructure growth strategy, £50,000 - In the past 18 months we have created new roles11.6
FTEI in order lo keep up with the charity's continued growth. It is probable that, al some point in the next
few years, we will need lo add further staff in the areas of finance and marketing. The Board has made
the decision to ring-fence these funds lo facilitate future appointments.
Artistic Development Fund: £50,000 - Following the ongoing success of this fund over the past two
years, the Board have replenished it to £50,000. As before, it IS allocated to support projects which are
artistically or strategically important to further our aims, but do not generate revenue or fully cover their
cost. such as recordings. commissions and artistic R&D.
Digital l Marketing.. £41,000 - In the Trustees, report to the previous sel of accounts, we identified the
development of our digital presen￿ as a key strategic aim. Further to that, we have recently taken on
WildKat PR lo manage our digital strategy, as well as increasing our budget for online content and web
development. For the financial year 2024-25 we are forecasting a deficit due to the investment of
reserves, so the Board has allocated £41,000 lo underwrite the fvll cost of this important strand of work.
25th annlversary proled& £25,000 - A lump sum allocated to numerous artistic projects proposed for
Tenebrae's 25th anniversary season in 2026-27 (see 'Posl Accounting Period Events and Plans for
Future Periods'l. This is in addition to the rolling Arbstic Development Fund.
Green tourlng. £20,000 - Allocated to facilrtale greener practices where possible and appropriate - e.g.
adding ground travel days rather than flying be￿een European engagements.
EDI strategy, £15,000 - A small fun(J lo kick-slart initial work on a more comprehensive EDI strategy. In
the first instance this is likely to involve commissioning some consultancy. and creating subsidised lickel
programmes to widen access for those from underrepresented backgrounds.
Restrl¢ted Funds for the year ended 31 March 2024
Choral Development Programme - these funds were received for and applied towards our outreach
work with our Choral Development Partners (London Youth Choirs and Music Centre London).
Associate Artists Scheme - Funds for expenses related to Tenebrae's flagship talent development
programme. This will subsidise the fees and training for the young professional singers enrolled on the
programme.
Page 30

THE TENEBRAE CHOIR
IA¢ompany limit￿ by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
1& Stat•m•nt of funds (Continued)
Josephin• Slephenson Now Commission - a surplus of £4,684 remaining from funding originally
received towards the cost of a new commission in 2022 was applied (with the consent of the funderl
towards our new Christmas Conversation programme, performed in De￿rnber 2023.
Schools Fundrrènebrae Schools - Funds raised lo support the cost of delivering regular singing activity
in our partner slate primary schools in Southall Iwest London). including major grants from John Lyon's
Charity and Paul Hamlyn Foundation.
Bach & Ma¢Millan - Donations from individual supporters towards the cost of touring and recording a
new programme of music by J. S. Bach and Sir James Macmillan in spring 2023.
A Christmas Conversation
funding lo support audien￿ growth for a new artistic programme
performed in December 2023, including in Nottingham and Bury Sl Edmunds.
Tfrnebrae Effect Workshops - these funds support the delivery of our singing workshops with adults
and young people.
Operational Costs- funding to support core operating costs.
St Bartholomew-the-Great- funding lo support an own-promolion cOn￿rt at St Bartholomew-the-Great
church in London in June 2024.
Stat•mont of funds - prlor y•ar
Balance al
31 March
2023
Balance al
l April 2022
Income Expenditure
Unrestricted funds
Dosignatod funds
Artistic Development Fund
50,000
50,000
General funds
General Funds
302,894
972,957
(886,638)
389,213
Total Unrestricted funds
352,894
972,957
(886,638)
439,213
Page 31

THE TENEBRAE CHOIR
IA¢ompany limit￿ by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
1& Stat•m•nt of funds (Continued)
Balance al
31 March
2023
Balance al
l April 2022
Income Expenditure
Restricted funds
Choral Development Programme
Overseas Concerts
Associate Artists Scheme
Josephine Stephenson New Commission
Swedish Tour
Schools Fund l Tenebrae Schools
Bach & Macmillan
3,090
(3,000)
(850)
(48,066)
850
45,tlk)
4,684
48,066
45,000
4,684
1,000
63,500
19,584
(1,000)
(26,000)
37,500
19,584
50, 534
135, 150
(78,916)
106, 768
Total of funds
403,428
1,108,107
(965,554)
545,981
Page 32

THE TENEBRAE CHOIR
IA¢ompany limit￿ by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
1& Stat•m•nt of funds (Continued)
Designated Funds forthe year ended 31 March 2023
The Artistic Development Fund relates to a designated fund of £50,000, the purpose of which is to enable
the charity lo underwrite some degree of financial risk on projects such as self- and co-promoted
concerts, and invest in projects which have historically been more difficult lo fund through Iraditional
fundraising.
Restrl¢ted Funds for the year ended 31 March 2023
Choral Development Programme
amateur singers of all backgrounds.
Funds for choral outreach with Tenebrae's education partners and
Overseas Concerts - Funds towards the costs of concerts overseas. The balance brought fO￿ard has
been used towards broadcast fees al a concert in Stockholm.
Associate Artists Scheme
Funds for expenses related to Tenebrae's flagship talent development
programme. This will subsidise the fees and training for the young professional singers enrolled on the
programme.
Josephine Stephenson New Commission - Brought forward donations of £4,375 towards the costs of a
new commission.
Swedish Tour - A grant from the Anglo-swedish Society towards the cost of concerts in Kalmar and
Helsingborg {Swedenl in March 2022. The funds were received in April 2022 after the lour was complete.
Schools Fund - Funds raised to support the cost of delivering regular singing activity in our partner state
primary schools in Southall (Wesl London). including major grants from John Lyon's Charity and Paul
Hamlyn Foundation.
Bach & Macmillan - Donations from individual supporters towards the cost of touring and recording a new
programme of music by J. S. Bach and Sir James Macmillan in spring 2023.
Page 33

THE TENEBRAE CHOIR
IA¢ompany limit￿ by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
17. Summary offunds
Summary offunds- current y•ar
Balance at
31 March
2024
Balance at 1
April 2023
Transfers
inlout
Income Expendlture
Designated funds
General funds
Reslncted funds
50,000
389,213
106,768
321,000
1754.4701 1321.0001
1147.6761
371,000
244,217
113,548
930,474
154,456
545,981
1,084,930
1902,146)
728,765
Summary of funds - prlor year
Balance al
31 March
2023
Balance al
l April 2022
Income Expendilu
Designated funds
General funds
Restricted funds
50,000
302,894
50, 534
50,000
389,213
106, 768
972,957
135, 150
(886,638)
(78,916)
403,428
1,108,107
(965,554)
545,981
18. Analysis of not a$sots botwe•n funds
Analy$is of not ass•ts between funds - curr•nt period
Restricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Tangible fixed assets
Current assels
Creditors due wrthin one year
7.391
687,079
179,253}
7,391
800,627
179.2531
113,548
Total
113,548
615,217
728,765
Page 34

THE TENEBRAE CHOIR
IA¢ompany limit￿ by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
18. Analysis of not a$sots botwe•n funds l¢ontinuod}
Analysis of not ass•ts between funds - prior period
Restricted Unrestricted
funds
funds
2023
2023
Total
funds
2023
Tangible fixed assets
Fixed asset investments
Current assets
Creditors due wrthin one year
539
539
106, 768
498,806
(60, 133)
605,574
(60, 133)
Total
106, 768
439,213
545,981
19. Reconclllatlon of net movement In funds to net cash flow from operatlng actlvltles
2024
2023
Net income for the per1￿j (as per Ststement of Financial Activiliesl
182,784
142,553
Adjustments for:
Depreciation charges
Decreasellincreasel in stocks
Decreasellincreasel in debtors
Increase in creditors
Loss on disposal of investment
753
1,950
(36,063)
19,421
13351
2,056
19,120
Net cash provided by operating activities
205,237
128,614
Analysis of cash and ¢a$h oquivalonts
2024
2023
Cash in hand
699,481
502, 707
Total cash and cash equivalents
699,481
592, 707
Page 35

THE TENEBRAE CHOIR
IA¢ompany limit￿ by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
21. Analysis of changes In net debt
At 1 April
2023 Cash flows
At 31 March
2024
Cash at bank and in hand
502,707
196,774
699,481
502,707
196,774
699,481
Pension commitments
The charity operates a defined contribution pension scheme. The assets of the scheme are held
separately from those of the charity in an independently administered fund. The pension cost charge
represents contributions payable by the charity lo the fund and amounted to £2,802 (2023 - £2,528)
Contributions of £nil (2023 - £nil) were payable to the fund at the balance sheel date and are included in
creditors.
Operating lease commitments
At 31 March 2024 the charity had commitments lo make future minimum lease payments under non-
cancellable operating leases as follows:
2024
2023
Not later than 1 year
6,420
6,000
Page 36