## **Trustees’ Annual Report for the period** ## **From 1 Jan 2022 Period start date To 31 Dec 2022 Period end date Charity name: Magnificat** ## **Charity registration number: 1147219** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|The promotion of the performing arts principally
choral music, in particular but not exclusively
choral music in the last six centuries, culture,
heritage and science (of music) for all age groups
and throughout the UK.| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.|Para 1.17 and
1.19|Public concerts, musical workshops, and audio
recordings.| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|The trustees have been mindful of the guidance
on public benefit.| ## **Additional information (optional)** You may choose to include further statements where relevant about: SORP reference N/A Para 1.38 Policy on grant making N/A Para 1.38 Policy on social investment including program related investment N/A Para 1.38 Contribution made by volunteers N/A Other ## **Achievements and Performance** SORP reference Through its musical performances, its coaching in music history, social context, and performance practice, its presence on public radio, and in making available recordings and printed Summary of the main Para 1.20 commentary, Magnificat has continued to bring achievements of the charity, music, culture, and the science of music to many identifying the difference the communities. charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. ## **Additional information (optional)** ## You may choose to include further statements where relevant about: |
Achievements against
objectives set|
Para 1.41|
N/A| |---|---|---| |Performance of fundraising
activities against objectives
set|Para 1.41|N/A| |Investment performance
against objectives|Para 1.41|N/A| |Other||N/A| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|As of 31 December 2022, our liquid assets
totalled GBP 7896.28, against zero liabilities.| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|Magnificat maintains sufficient assets to cover its
operating expenses, but does not set aside a
specific amount as a reserve| |Amount of reserves held|Para 1.22|None| |Reasons for holding zero
reserves|Para 1.22|Our costs are episodic and are funded on a per-
project basis. We do not undertake a project
without first raising adequate funds to cover its
costs. We do not run any general overhead
(e.g., real estate, capex, labour). As such,
reserves are not necessary to mitigate
fluctuations in income.| |Details of fund materially in
deficit|Para 1.24|N/A| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|N/A| ## **Additional information (optional)** You may choose to include further statements where relevant about: |
The charity’s principal
sources of funds (including
any fundraising)|
Para 1.47|
Private donations and fees for concert
performances.| |---|---|---| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|N/A| |A description of the principal
risks facing the charity|Para 1.46|N/A| |Other||N/A| ## **Structure, Governance and Management** |Description of charity’s
trusts:||**None**| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|Trust deed| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|**Trust**| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|By recommendation of professional musicians,
discussion with fellow trustees, and then
invitation. New trustees must be appointed by a
majority of the existing trustees.| ## **Additional information (optional)** ## You may choose to include further statements where relevant about: |
Policies and procedures
adopted for the induction and
training of trustees|
Para 1.51|
N/A| |---|---|---| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|N/A| |Relationship with any related
parties|Para 1.51|N/A| |Other||N/A| ## **Reference and Administrative details** |Charity name|Magnificat| |---|---| |Other name the charity uses|none| |Registered charity number|1147219| |Charity’s principal address|36 Florence Park Road, Oxford OX4 3PJ| ||| **Names of the charity trustees who manage the charity** |1
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20|1
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20|**Trustee name**|**Office (if any)**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---|---|---|---| |||Sarah Dunkley|Secretary||||| |||PhilipCave|Executive Director||||| ||||||||| ||||||||| ||||||||| ||||||||| ||||||||| ||||||||| ||||||||| ||||||||| ||||||||| ||||||||| ||||||||| ||||||||| ||||||||| ||||||||| ||||||||| ||||||||| ||||||||| ||||||||| |||Corporate trustees–names of the directors at the date the report was approved
**Director name**
N/A
Name of trustees holding title to property belonging to the charity
**Trustee name**
**Dates acted if not for whole year**
N/A|||||| |||**Director name**|||||| |||N/A|||||| ||||||||| ||||||||| ||||||||| ||||||||| ||||||||| ||||||||| |||**Trustee name**||**Dates acted if not for whole year**|||| |||N/A|||||| ||||||||| ||||||||| ||||||||| ||||||||| ||||||||| ## **Funds held as custodian trustees on behalf of others** Description of the assets N/A held in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets ## **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** |**Names and**|**addresses of advisers (Optional information)**|**addresses of advisers (Optional information)**| |---|---|---| |**Type of**
**adviser**|**Name**
**Address**|| |N/A||| |||| |||| |||| **Name of chief executive or names of senior staff members (Optional information)** N/A ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details N/A ## **Other optional information** N/A ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s) Full name(s)** Philip George Cave **Position (eg Secretary,** Executive Director **Chair, etc)** **Date** 26 October 2023 **Magnificat 1147219 Receipts and payments accounts CC16a For the period** 1-Jan-22 31-Dec-22 **To from** ## **Section A Receipts and payments** |**Section A Receipts and payments**||||| |---|---|---|---|---| |**A1 Receipts**
**33,154**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**33,154**
**-**
**-**
**_Sub total_ -**
**_Total receipts_ 33,154**
**A3 Payments**
**25,517**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**_Sub total_ 25,517**
**-**
**-**
**_Sub total_ -**
**_Total payments_ 25,517**
**_Net of receipts/(payments)_ 7,637**
**A5 Transfers between funds**
**-**
**A6 Cash funds last year end**
**259**
**_Cash funds this year end_ 7,896**
**Unrestricted**
**funds**
**to the nearest £**
**_Sub total_**_(Gross income for AR)_
**A2 Asset and investment sales,**
**(see table).**
**A4 Asset and investment**
**purchases, (see table)**|**to the nearest £**
**Restricted**
**funds**|**to the nearest £**
**Endowment**
**funds**|**Total funds**
**to the nearest £**|**Last year**
**to the nearest £**| ||**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**33,154**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**33,154**|| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||| ||**-**
**-**
**-**|**-**
**-**
**-**|**-**
**-**
**-**|| |||||**-**| |||||**-**| |||||| ||**-**|**-**|**33,154**|**-**| |||||| ||**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**25,517**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**25,517**|**-**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||| ||**-**
**-**
**-**|**-**
**-**
**-**|**-**
**-**
**-**|| |||||| |||||**-**| |||||| ||**-**|**-**|**25,517**|**-**| |||||| ||**-**
**-**
**-**
**-**|**-**
**-**
**-**
**-**|**7,637**
**-**
**259**
**7,896**|**-**| |||||**-**| |||||**-**| |||||**-**| ## **Section B Statement of assets and liabilities at the end of the period** |**Categories**
**B1 Cash funds**
**B2 Other monetary assets**
**B3 Investment assets**
**B5 Liabilities**
**B4 Assets retained for the**
**charity’s own use**
Signed by one or two trustees on
behalf of all the trustees|**Details**
**Details**
**Details**
**Details**
**Details**
Signature
**_Total cash funds_**
(agree balances with receipts and payments
account(s))|**to nearest £**
**to nearest £**
**7,896**
**-**
**-**
**-**
**-**
**-**
**7,896**
**-**
OK
OK
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
Print Name
**Unrestricted**
**funds**
**Restricted**
**funds**
**Unrestricted**
**funds**
**Restricted**
**funds**
**Fund to which**
**asset belongs**
**Fund to which**
**asset belongs**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**|**to nearest £**
**Endowment**
**funds**| |---|---|---|---| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||OK| ||||**to nearest £**
**Endowment**
**funds**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**When due**
**(optional)**| ||||| ||||| ||||| ||||| ||||| ||||| ||||Date of
approval| ||||| ||||| CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Rèport to the tntsteesl members of IL4. tv Na- i(- Magntfiot On accounts for the year ended 2022 Charlty no (ff any) 1147219 I report to the trust8es my examination of the accounts of the above charity ('the Trust") for the yearended 3 t 112 1 2022. Raspon8lblllt10s and As the charity trustees of the Trust. y¢)u are responsible for th8 basls of report preparation of the accounts in accordance with the reqUIre￿￿nts of the Charities Act 2011 (kne A(a'). I report In respect of my examinati(￿ of the Trusfs accounts carried out under section 145 of Ihe 2011 Act and in ￿ryIng out my examinatlon, I have followed the applicable Directlons given by the Charlty Commission und8r se¢ti)n 145(5)(b) of the Ad. Independent I have completed my examination. I confinn that no materfal matters •xaminerf8 Statement hav8 to my attention In connection with the examination which glves me cause to belleve that in. any material respecL' accounting recon18 were not kept in 8ox)rdance'I￿th section 130 of the Act or the accx)unts do not ac￿rd th the accountlrKJ records I have no concems and have ￿rne auoss no other matters in connection with the examination to which attention should b8 drawn In .order to enable a proper understanding of the ac￿unts to be rea¢hed. Slgned: 26 October 2023 Nam•: Peter M. Currie Relevant professlonal qualification(s) or body (If any): censed attomey Address: 116 Glendale Drive Chapel Hill, NC 27514 USA IER October 2018