## **REGISTERED COMPANY NUMBER: 7893048 (England and Wales) REGISTERED CHARITY NUMBER: 1146715**
**REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 1 JANUARY 2023 TO 31 DECEMBER 2023 FOR THE PLATINUM CHORAL FOUNDATION LIMITED**
**THE PLATINUM CHORAL FOUNDATION LIMITED**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 1 JANUARY 2023 TO 31 DECEMBER 2023**
||Page|
|---|---|
|Report of the Trustees|1|
|Statement of Financial Activities|2|
|Balance Sheet|3|
|Notes to the Financial Statements|4-5|
|Detailed Statement of Financial Activities|6|
## **THE PLATINUM CHORAL FOUNDATION LIMITED**
## **REPORT OF THE TRUSTEES FOR THE PERIOD 1 JANUARY 2023 TO 31 DECEMBER 2023**
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the period 1 January 2023 to 31 December 2023. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities’ issued in March 2005.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
Registered Company number 7893048 (England and Wales)
**Registered Charity number** 1146715
## **Registered office**
13 Callows Orchard Rushwick Worcester WR2 5GU
## **Trustees**
Ms A V Foster - appointed 28.12.11 Mrs C Daffern - appointed 28.12.11 Mrs R Kinmont - appointed 20 12 23
## **Company Secretary**
Mrs C Daffern
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
## **ON BEHALF OF THE BOARD**
…………………………………
Mrs C Daffern – Trustee
Date: 17[th] March 2024
Page 1
## **THE PLATINUM CHORAL FOUNDATION LIMITED**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 1 JANUARY 2023 TO 31 DECEMBER 2023**
|**INCOMING RESOURCES**
**Incoming resources from**
**generated funds**
Voluntary income
Generated income
Investment income
**Total incoming resources**
**RESOURCES EXPENDED**
**Costs of generating funds**
Costs of generating voluntary income
**Charitable activities**
Charitable activities
**Governance costs**
Total resources expended
**NET INCOME RESOURCES**
**TOTAL FUNDS BROUGHT**
**FORWARD**
**TOTAL FUNDS CARRIED**
**FORWARD**|Unrestricted
funds
£
11,895
13,091
0
24,986
0
17,175
100
17,275
7,711
4,942
12,653|Restricted
funds
£
6,042
0
0
6,042
0
6,042
0
6,042
0
0
0|2023
Total
Funds
£
31,028
0
0
31,028
0
23,217
100
23,317
7,711
4,942
12,653|2022
Total
funds
£
12,442
0
0|
|---|---|---|---|---|
|||||12,442
0
18,778
0|
|||||18,778|
|||||-6,336|
|||||11,278|
|||||4,942|
The notes form part of these financial statements Page 2
## **THE PLATINUM CHORAL FOUNDATION LIMITED**
## **BALANCE SHEET AT 31 DECEMBER 2023**
|Notes
**CURRENT ASSETS**
Debtors
3
Cash at bank
**CREDITORS**
Amounts falling due within one year
4
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**PROVISION FOR LIABILITIES**
5
**NET ASSETS**
**FUNDS**
Unrestricted funds
6
Restricted funds
**TOTAL FUNDS**|Unrestricted
funds
£
0
12,653
12,653
0
12,653
12,653
0
12,653
12,653
0
12,653|Restricted
funds
£
0
0
0
0
0
0
0
0
0
0
0|2023
Total
Funds
£
0
12,653
12,653
0
12,653
12,653
0
12,653
12,653
0
12,653|2022
Total
funds
£
0
4,942|
|---|---|---|---|---|
|||||4,942
0|
|||||4,942|
|||||4,942
0|
|||||4,942|
|||||4,942
0|
|||||4,942|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.
The members have not required the charitable company to obtain an audit of its financial statements for the period ended 31 December 2023 in accordance with section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for:
- a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable company.
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).
The financial statements were approved by the Board of Trustees on 17[th] March 2024 and were signed on its behalf by:
Mrs C Daffern – Trustee
The notes form part of these financial statements Page 3
**THE PLATINUM CHORAL FOUNDATION LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 1 JANUARY 2023 TO 31 DECEMBER 2023**
## **1. ACCOUNTING POLICIES**
## **Accounting convention**
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
## **Incoming resources**
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
## **Resources expended**
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost relating to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **2. TRUSTEES’ REMUNERATION AND BENEFITS**
There were no trustees’ remuneration or other benefits for the period ended 31 December 2023.
There were no trustees’ expenses paid for the period ended 31 December 2023.
## **3. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
## **4.**
## **5.**
|Other debtors
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors
**PROVISIONS FOR LIABILITIES**
Provisions
Members Guarantee|2023
£
0
2023
£
0
2023
£
0
0
0|2022
£
0|
|---|---|---|
|||2022
£
0|
|||2022
£
0
0|
|||0|
The notes form part of these financial statements Page 4
## **THE PLATINUM CHORAL FOUNDATION LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 1 JANUARY 2023 TO 31 DECEMBER 2023**
## **6. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
**Restricted funds**
Other fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as
follows:
**Unrestricted funds**
General fund
**Restricted funds**
Other fund
**TOTAL FUNDS**|At
1.1.23
£
4,942
0
4,942
Incoming
resources
£
24,986
6,042
31,028|Net
movement
in funds
£
7,711
0
7,711
Resources
expended
£
17,275
6,042
23,317|At
31.12.23
£
12,653
0|
|---|---|---|---|
||||12,653|
||||Movement
in funds
£
7,711
0|
||||7,711|
The notes form part of these financial statements Page 5
**THE PLATINUM CHORAL FOUNDATION LIMITED**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 1 JANUARY 2023 TO 31 DECEMBER 2023**
|**INCOMING RESOURCES**
**Voluntary income**
Gifts
Donations
**Generated income**
Ticket sales
**Investment income**
Deposit account interest
**Total incoming resources**
**RESOURCES EXPENDED**
**Costs of generating voluntary income**
Sundries
**Charitable activities**
Grants to institutions
Schools workshops
Concert Hall/Musicians
**Governance costs**
Insurance
Accountancy
**Support costs**
**Management**
Postage and stationery
Advertising
**Total resources expended**
**Net income**|2023
£
0
17,937
17,937
13,091
0
31,028
0
270
0
22,947
23,217
0
100
100
0
0
0
23,317
7,711|2022
£
0
5,548|
|---|---|---|
|||5,548
6,894
0|
|||12,442
237
6,241
0
12,300|
|||18,541
0
0|
|||0
0
0|
|||0
18,778
-6,336|
The notes form part of these financial statements Page 6
CHARITY COMMISSION
FOR ENGLAND AND WALIS
Independent examiner's report on the
accounts
+*+
Section A
Independent Examiner's Report
Rgport to tho trusto0s
Platinum Choral Foundation
On aGGounts for the year
ondod
31 December 2023
Charity no
(if anyl
114G715
Set out on pages
I report to the trustees on my examination of the accounts of the above
charity Illhe Trust") for the year endèd 3111212023.
Respon8ibilitie8 and
basis of report
As tha charity's trustoos, you are ro$ponsible for tho proparation of tho
accounts in accordance with the requirements of the Charities Act 2011
{'the Act").
I report in re3peGt of my examination of the Tru3t'8 account3 carried out
under section 145 of the 2011 Act and in carying out my examination, I
have followed all the applicable Directions given by the Charity Commission
under 98ction 145(5)(bl of the Act.
Independent tThe charity's gross income exceeded £250,000 and l am qualified to
oxamineI8 Statomont Iindp.rtakp. thp. p.¥aminAtinn hy bging A qijalifigd mp.mbpr nf lin8p.rt n2mp. of
applicable listed bodyll Delete I l if i?ot appliGable.
I have completed my examination. I confirm that no material matters have
come to my attention in connection with the examination {other than that
disclosed below ') which gives me cause to believe that in, any material
respect..
the accounting records were not kept in accordance with section 130
of the Charities Act., or
the accounts did not gccord with the gCCOLinting records., or
the a¢counls did not comply with the applicable requirements
concerning the form and ¢ontent of accounts set out in the Charities
(Accounts and Reports) Requlaiions 2008 other than any requirement
that the accounts give a 'true and fair, view which is not a matter
considered as part of an independent examination.
I have no concems and have come across no other matters in connection
with the examination lo which attenlion should be drawn in thi5 report in
order to enable 2 proper understanding of the a¢¢ounts to be reached.
Please delete the words in the brackets rf they do not apply.
Signed:
Date:
8° Auguiil 2024
Name:
Louise Ruane
Relevant professional
qualifiGation{s} or body
FCCA
IER
Oct 2018
(if any)-
Address:
Pear Tree Cottage, Yarrington Road, Alfrick, Worcester, WR6 SEX
Section B
Disclosure
Only complete If the examinei needs to highlight material matters of concern
(see CC32, Independent examination of Gharrty a¢¢ount$'. diredions and
guidance for examiners).
Give here brief detsils of
any items that the
examlner wlshes to
disclose.
IER
O¢t 2018