N7 COMMUNITY CHOIR REPORT AND FINANCIAL STATEMENTS YEAR ENDED: 31st DECEMBER 2024 CHARITY NO: 1150514
N7 COMMUNITY CHOIR REPORT AND FINANCIAL STATEMENTS CONTENTS Page 1 Reference and Admini8trative Inlonnation Pages2-8 Trustees, Report Page 9 Independent Examlne¢8 Report Pago 10 Slatement of Flnancial Athltie8 Page11 Balanc• Sheet Pages 12- 15 Note8 lo tho Flnancaal Statements
N7 COMMUNITY CHOIR REFERENCE AND ADMINISTRATIVE INFORMATION Chwlty Nan N7 CommLnty Choir Chwlty Mumb•r 1150514 41 Foxharn Road London N19 4RR Tru8t••• During the year th• folltr*irvJ 80rv8d a8 tru•t688'. Polly Barker Truste8 Sheana Cru Trustee - S8u8tary Carolina Millar Trustee JOran SWd( Trustee - Treasurer Lucy Watson Truste8 . Ctropted Joshua Wirfield Tru$t80 . Co•8d Tricia Zipfel Truslee - Chair Bank•rn Lloyd8 Bank 4849 Str8nd London WC2N 5LL Ind•p•nd•nl Examln•r Gr8em8 Tait 35 Fortismwo Aver London N1038N Page 1
N7 COMMUNITY CHOIR TRUSTEES. REPORT 8truthr• and Organl•at14)n Vox Holloway Is a charitable unlnc(Yporated a380ciation, registered as charlty number 11 $0514 under the n0 'N7 Comnwnlty Cholrf, and adopted its con$trtution (goveming do(ment> on 25 September 2012. h is managad by a Committee of up to nine people, cfjmprising a Chair. Tr888urer and S8ry (th8 ); not than 2 other members (the Other Committse Members ); and not more than 4 ctsopted members (tho Cfroptad Member6). Committe• m8rnb8rs are Trustee8 of the Charity and mwnbors of th8 choir. Commrtiee rrffiibor8 wo nominated 1 elected by mambarn of Ihe cholr at ts Amual General Meetiw. The Committo• Is ro8ponsible tr the Strategic dlre(#lon, financial managemnt and day4orflay nmnirvj of the choir. Tru8tee8 are 8UPPOrtod by choir momborn, help to ensure ts smooth runnirYJ of r8hear8al8, performances. fund-raising. publicity and other activSti88. All Truste and thoir membern offer their services on a voluntary basis. We employ no staff membern bul contract on a FKOj8Ct by proJ8Ct b8818 for the seICe8 of our Mu8ical Dirocior enl Amociale Direct¢x, and the mu8ician8 and 1018 110 perfonn with u8. We are b888d at St Lukè'8 church, Wost Hol1cr thxl th• supp)rtS Us in various ways, Including by providiw rat9r881 arKI perfornwnce 8pace and by holpiw develop our link8 wlth the local community. Each year we make a donthion to the churth to covar 80m8 of the cojts involv8d. From tim• to tim• wè perform in other venu88, mainly in London. ObJ•¢dv•• of th• charlty a• •tat•d In th• ¢on•llttrtlon The Tru8te88 are corfid8nt that have furtherod our obJed8, tch are., 1) to pr(Mnote, imwove and advarKX wknlic education and partio'pation in, arKI th• appreciation of tho art d 8CFenco of mus•c in all It8 aspects within the communty by the pr08entation of as wide a range of rnusic as p08siblè, indudlw Speclfically wrltten rrk8, In public ccncfjrt8 arhd rocitals and in juth other way• as th• Choir shall d8twmin• from time lo tlme; and 2) to advan Or 8uth charltable purpow u the tru8tees in thoif absolute dl8cr•tion Shall think fi( in PartI14r by making of grants and donations. We a180 confirni that the Trustees have had regwd to Charlty Commi88ion'8 guidance on public Alm• olth• Crfty Vox Hollthvay is committed to belng a gerine 'communty and w8lcom88 any tK> love8 to sirKJ. Tfwe are no auditions arKI members are r#)t rewired to have w8viou8 singing werionce, belorva to faith, or live in a particular postcode. We recruit by word of mouth, and now members often come bause they have been inspired by ona of our concerts. We have a coro membership of around 180 8inger3. ound 100 of will sing with us each temi, and a much larger neith of SuppNters arKI occasional participanls. W• have a good balance of different voices, ind(Mling strong tenor and bas8 sections. At tim89 wa have had to limit re(xuitment in the alto SOprar se10n9. Wa are committed to achieving excellence in all we do and *ork hard to help members improve develop tsir skills. We want all our perfOrnian to be uplrfiing and. while ow main audience 18 our local community, we often sing in ottr rgar venues c¢n8t8ntly seek to reach out to new audienlx. Page 2
N7 COMMUNITY CHOIR TRUSTEES, REPORT Alm• of the charfty (a)ntinued) Our basic wograffffie is to perfonn three or more tim88 per year, singing an 8dectic rary of classical, ec¢l88ia8tical, folk, pop, and ld music. Vox ho8 1ft a reputation for daveloping exciting and innovativ8 . writton by our Musical Director, Harvéy BrryJgh our founder, Justin Butcher. The cornpo8ition8 have t8ckl8d contemporary themes such as mental health (Music on Mind>, slavery (The Year of Jubilee l Freedom Song), poverty (The Stony Field), and climate changé (Ona's Flood). Our aim is to strengthen that aspect of our and to extend the 8cope of what we can pr88ent, both to local audiencos and rnore widely. In addition to creative %KJrk of our Mu8iC81 Dlroctor arKd found8r, wo are greatly h•lped by rrking regularty wrth nationalty and intemationally recognised 8lnger8 and musicians, tK• are committed to thing with Vox in a cornmunity letting, and see this partnership as mutually beneficl81. Vox has always been committed to highlighting social i8sues and to supporting Olher chariti Ihrough our fund-raislng activities. Since began in 2009, we have 8UPPOrt8d moro than 20 parr charitabl8 organisations and rai88d over £80,WJ to 8UPPOrt tr1r worf(. Th18 r6main8 a eore part of our vislon and distinguishing feature of our choir. Our 8tory over the pa8t 15 year8 18 a very positive one, but do not wt to b• complacént. The wider contaxt tr the art8 in gor*ral 18 challenging and arn dear that need to thlnk carnfully about our future direction. Oponn8s8 to chawe 18 part of being a dynamlc arKI relevant organi8alion. So, buildirKJ on at believe to be strong foundati¢)n8, in 2024, Tru8t888 initiated a Strategic Review to look at tho airng and purpo88 of the charity, our govomanc• and op8ration8 and our longer-term vlsion. (See b8lowJ REVIEW OF PROGRESS Our 2024 wti8tlc pYogramm• was exciting and full of hlghlights. ft wa8 al80 Inttodibly busy, We began in February, with a packed concart, at St Luke'3, p•Yorniing In The Studk? The Sp8d81 AKA, Jorry Dammors hirnself attondad. After the concert he 8aid how moving it was to have his groundthaking music rovived by Harley and sung by Vox. In March, we took The Sun Does Sthne to Hackney Empiro for another thrilliro pwf(Ymance. With funding from the Art8 Councll and Backstage Trust we able to enhan th• 8tagilYJ to inere&qe tho drama and power d this 8mazirvJ 8tory. Rather than opting for a relaxed 8ummor tem), perfonrd Harvey's adaption of the Kinks, Village Green Preserv8tK)n Soo8ty and Arthur (Or Tha Deth'ne And Fall Of The Bntish Empire) at AlexarKlr8 Palace theatre. We rnanaged to achieve ¥ther packed hous8 and re thrilled to have Sir Ray Davies loin u8 for the second time with his team In the Autumn. we shifted our focjjs to classical music and porfOrnl Beryamin Britten'8 Cernmony ol Camls on 30 Novemb8r, th st Jarnes's Plccadilly alongside Harvey Brough's Now We arn &'x, an original work based on AA Milne'8 nurs rhy8. Earlier in November, the Chamber Choir had parformed Frnedom Sory at the Ragged School Museum in Tw Hamlet8, very near the gite where the Fisk Jubilee SirvJern perfOny to orphan thildren in 1873. Th venuè and intimate, old-fa8hioned dassroom 86tting was partIclarlY pcwerful, and we are building on w links wbth Ihe MuseLwn. Finally, in December, the Chamber Choir p8rf0rnd a beautifijl Christmas concert at St Luke'8, featuring a range of m6di8val 10 modem caro13. unfamiliar music a8 well as songs that everyone could ioln in $iNJing. We Y•pre supported .Ihroughout the year by the musician8 8ThY 8oIotsts vtho rewlarly wrrk with Vox, and the Christmas concert .. enabled some of our own choir members to step forward as soloists. Pag8 3
N7 COMMUNITY CHOIR TRUSTEES. REPORT REVIEW OF PROGRESS (contirK1) Fundlng We did not make any fundiro applicati8 ring 2024, txrt our corKart3 were supported ty existing grants from the Arts CourKil and Bad(stage Trust. At ttrk8 request of Klatt Evan Smith'8 family. we established a FourKlation In hi8 name to help u8 rk more ext8Mivety with professlcrnl mu8ician8. Mauric• Wren was the first pernon to bonefft from this 8them8 18 funded by 8 r•gular donation from Matt'8 family, 8rtMnced by othw cMtribution8. Awards Another hith point in tha year was wlnning the MakiNJ Music Nallonal Award for best Proj8ct of the Year for our doojrnentary 8et¥w the Ba. 11 te118 the story of how we made The Sun Lkn8 Shine, and foll(xlrYJ th• award, Harvey arKI Tricia (chalr) C4fvibut8d io a 88minar organi80d by MakirKJ Mu3ic for people from thoirs around the county. On8 mMan18d.. I have heard you talk or read about tth's profftct a handfvl of times now and l onty tsel more in a9 of what you m8n8g8d to •Chve each lim81 This relnl(xc&J wr that Vox Hollthvay is brnaking new grnrKI in the topi are •ngaging with and Ihe mu8iC that w• are ueating. Radlo wiJ•ct Th8 origin8 of The Sun L43es Shirn go bad( to 2019. trArt it ha8 created ripples and proiocts that w8rn unfor&8een embarked on the oratorio. We had always been determined to get tho Story and th• music into pri8on8 and. with funding from the Arts Council. we worked diracily th Anthony Ray Hinton to creat8 a 30-minuto radio programm• that Combined hi8 voi(x and our music. In Summer 2024 Nati¢)nal Prison Radio broadcast th8 programm8 across the UK pn'son e8tat• three times. Shortly afterward8, it came to the 0tt6ntion ol a w0dLr at the BBC, arKI wern invited to adapt it for the Radio 4 Illuminated sYogramm8 in Novembor. Thls felt Ilk8 a erorSeMent d the proi8ct, made even morn fvilling when il was al80 Selected for Plck of th6 Week. The team who fjrk8d on this project includ8d Anthony Ray Hinton in Alab8m8. fiva Vox arKI an extemal co4iroCtor in London, arKI hls trainee editor8 based in Makenl in Sierra Leon8. Partn•rnhlp• From tha outset. wo hav8 Irfod to rolate Anthony Ray Hlnton'8 Story to lont8mi pri80T$ in the UK, and in %)24, we lirA(8d up with the Irene Taylor Trusl {lTh), an arts rtharity that takes music itho Prisons and supports OX4)ff8nders through the arts. Our Hackrw Ernpire COrt r81sed over £7LX) to support thelr rk. In additi¢)n, provided 50 freo tickets for 8x<fvKlarn, their families and vulnorable groups lir*8d to Irr and ¢XI)8r commLnity organisations. Irf mernbers ¢ontribLrted to the radlo programNNq their stories will form the ba8is of a second podc48t in 2025. In Febnjary, we again worked with staff at Vthittiwton Hospit81 to pul twher their annual service of remembrance for famili88 who have lost babi and children. P898 4
N7 COMMUNITY CHOIR TRUSTEES. REPORT REVIEW OF PROGRESS (continued) Str4tsgl¢ r•vl Tho pace at 1¢h Vox ha8 developed, our level of ltIOn and cxjr capaw for innovation have bean managed io date by members K) are all volunt8er8 working with our musical director. We had decided in 2023 that We should tak8 a 8p bad( and a8808s h(hv lfr vm were doing 86 an organi8ation, hthv sustainable were, and at OLf Vl8ion for th8 future looked liko. OLW aim wa8 to be more proactrve in tern of planniro and fund-raising arKI to better manage both risk8 and opportuniti88. In Summer 2024, we commi&8ioned two consultant8 from Acc8nture to undartake $urvty of current and former mombws. Ttry offwed trtsir 8ervic88 pm l)ono and complelad thair %rrk in Dec•mb•r. We al80 hired a consultant to interview Tru8te98. our director and other prof888ional8 and key stakeIders, on a onethtNM basi8. Thi8 worf( began in Novembor 2024. Th8 respon88 from everyone has been irnpr888iV8 and planned to C47npl8to the by Marth 2025. Even we draw conclusion from the review. ideas for improvement have emerged the fact of asking memb8r8 for It1r vim ha8 had a positive impaca. P•r•onn•l, comThinlcatloM and dmlnl•tratlon Throughout 2024, numb8rn have r•main8d hith. Our 80cial m8dia prosonce 13 strongor, arKI w• ar• more focu8ed on promotiw the ctK)ir to widef audienc88 both within and beyond our local community. Batwe8n January and S8piember, Harvey wa8 8UPPOrtod by R£ Leigh, a formor Vox singer, Is a profe88lonal mullcian and accompanist. During the Autumn term, anothw long-term colleague. Jarn Murray. took on that rol• as VMII a8 a$8liAant conduclor. Othor Ihan our professlonal music leaders, Vox operat88 on a voluntary baJl• wlthout any paid administrative 8UPPOrt. Choir member3 are committed and always willing to tr1p, but the demands on tru8te88 ar considorable and cone8m atThrt sustalnability is one of the factors l•ading to the Stratogic RevtW. FINANCIAL REVIEW Financially 2024 was a strong y•ar. Vox put on four ll-attended concorts, one in St L0,3 three at larger venue3. and the fir8t The Sun Lkjes Sthne podcast was complot•d, culminating In BBC broadcast. Choir rshiP ha8 rnmainod •teady at b•tYMn 85 arKI 100 Slngers each term. Tho spring tem was popular with t4)th choir membars and 8LNJl8S With 100 8lngern signed up one or both of tha concarts. Audienco number8 re strong with ts Speaal AK4 concert filling St Luk8's ith around 320 tid(et8 sold and the staging CA The Sun Does Shine at tho Hackney Empir• achievin9 almost 8• of capacity. As pwt of the broader project to bring The Sun Llxs Shine story and mu8iC to 4 wider audierKo, wo received 98nerou$ funding Arts Council England and, wlh pwlicular emphasis on enhancod staging and presentation, the Backstage Trust. We are deeply grateful for thoir support for this project. StrorYJ mwnb8r8hip and tKkot income generated signifiGYrt Surplus for the tern. The 8umm8r terni was focused on takiw our lQ'nks prcgr8m to a widw audier9 at Alexandra Palace theatre. 91 thoir membern signed up - a strorvJ 8h(ywing for a summer tem), Iraditionally the quiete8t. An effective markating campaign h8lped achieve dose to 80% of seats in the theatre being sold, contributing to another surplus for the tenn. Pag8 5
N7 COMMUNITY CHOIR TRUSTEES, REPORT FINANCIAL REVIEW (contlnuod) The autumn term saw Vox retum to St Jamo8'8 Piccadilly for a concert of pieces by Beryamin Britten arKI Harvey Brough. 86 singers sigwl up and ticket sa108 were dose to 60% of capacrty. This conc•rt was the first to receive support from the Matt Evan Smith Memorial Fund {d8scYibad 8186th) and we are gratolul to th8 contribulors to th8 fuThd for th8ir generosity. We again 8th¥ 8 small surplus on tha temi. Complatlon of th8 Sun Does Shine podcast triggered ts draWdtr of balanco of Arts C¢Juncii funding and tho 8ubsoqu8nt adaption for BBC broadcast generated a 8mall 8urplus ft)r Vox. Vox continu88 lo Support tho Mus1 education of a local student and the infr88tructure of our homé venuo St Luke's through cntributIj to new lightir¥J 8yStem8 for the church. We a180 commi88ioned combsnation of prtrOn0 and paid a8Si8tarth to 8UPPOrt the Strategy Review, c08t waj partly tM)mo in the year With balance to b8 in¢xrred in 2025 covered in Dosignat8d Fund8. As a rnsutt of ts 8trong tlnanclal porf0rnw. unre8trictod nol inc¢)m• for th8 year was £7,770, meaning that total reserves and cash b8lanco8 have ri88n Io ovor £22,C(KJ. Vox 18 w?11 placed to fund the plans for nthv rkS and other propd8 arlsing from th• Strat•gic Roview. Ind•pnt •xthmln•r Graeme Tait, a retired nwmber of thè Charterod Accountarrts of Australia and New Zealand ha8 no involvement In charity, has indicaiod h18 willingn888 to continue Indepdént Examinar. RISK MANAGEMENT Tho Trust008 rewlarly a888u tho ov•rnU rfsks to lthlch the charty 18 eXPO8ad, espocially those relating to the manapment of our r•hear8al pr¢)c838 and conc8rts, addrtlonal One Fwects, our rinancos and the gov8manc8 of the charity. 2022 was a transition year, following the parKl•miq 2023 was a tim to get the thoir bad( onto a norn1 footing. In 2024 seized several opportunltle8 io rai88 our profil6, expand Iho type of work we did, arKI incre880 our capacity for ambitious Careful manag•m•nt is crucial. Truste met six times dwing the year and held an AGM in Jw. Inavitably much of our attention foc#J888 on the Sogi8tiC8 of organising, promotlng and delivertno hlgh quality rrforrnances throUght the year, arKI on Magil¥j various relatod projects like tho radio podeajts. We work hard to build strong relationships with partner 0rgani8ationw1thOut their tru8t it woukl be Impossible to do many of ts more innovative proJecl8 that vm have undertaken. We ha aws put 8 lot of effort into rngul8r ¢onmiunkatlon8 with tho wldor membershlp and with th088 Ivbo are singiro 88ch temi. The woekly email Newslettef is much appreciated, and quality of our website continua$ to improve. Our Vox Instagram accthjnt ha8 strengthened our extemal wof•s6ional lirs, InLYoased the nLMnb8r8 who follow Vox and improved our intemal cornmunications with membors. The audio aids provid8d evary tann mean ihat ev•ryon8 can leam quickly whether or nol ttw read music, and this encourages many poople to Join Vox might bo intimidated by other Ch'r$. Page 6
N7 COMMUNITY CHOIR TRUSTEES, REPORT RISK MANAGEMENT (contlnued) We continue to review our datathse informlOn and update our records in line wth GDPR requirements. We also review Ir polici88 regularly arKI make incremental improvements to 8n8Urn high overall standards, good gov8manc8 and 8copg for futur8 succession. The TNst888 have bewn the proc8ss of InqJOtIng the (arity by transferriw its 8s88t$ to tharitable incorporated organisation. This will allow the charity to contract in it8 name, a8 11 a8 providing limited liabilty for the Trustee8. SUMMARY in 2024, exténded our read) by performing In fN8 key venu88 acro88 central, north and east London. We won a national award for our d0MentY, Jr radio podcast was broadcast on tho BBC, and it foaturnd on Pid< of the Week We our partrr6hjp8 both here and the thir¥J with tho Equal Ju$tic6 Initiative in Alabama, UK Prison Radio, th8 If10 Taylor TN8t and th• Ragged School Museum. W8 bl8rKled dassic41 rrk8 with our original roportoire. And we inits"at•d a Strategic Revithv thal agked dlfficAJlt que8tion8 and 8JtinlSOd operato with a view to an ev8n bettw future for the c*oir. Page 7
N7 COMMUNITY CHOIR TRUSTEES. REPORT Flnanclal •tat•Mt8 The financial st8tement8 have been prepared in accordanc with the aCunting policies set out in Note 1 to tha account8 and comply wth the charity's trust deed, the Charities Act 2011 and Acccyjnting and Reportirrd by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with th8 Financial Reporting Standard applicable in the UK and Republic of Ire[ar (FRS 102) (6ff8ctiv6 1 January 2019). Tru•tM•' rn8poMlbllltlM In r•latlon to th• flnanclal •tat•nwnt• The charity tru8t88s are responsible I preparing a trustees. annual re and financial gtstoments in accordan with applicable law and United Kingdom Accounting Standards (United KlrKJdom Generally Accepted Accounting Practice). The law 8pplic8bla to (arities in Eng18nd and Wales requires the tharity trust8es to prepare financial statements for each year Ithich give a true and fair vl8w of the state of affairs of the d)arity arKI of the incoming resources and application of resrceS, of the charity for that period. In preparing the finarrial statements, the truste83 are required to: - select 8Uitabl8 accounting policies and apply them consistently., - obseThe tho methods ar pyinciples in the applicable Charitias SORP., - mak8 judgements and estimates that are reasonable and prudent., - state whether applicabla accounting stdardS have bo8n folltr*d, Jubj'ect to ary material d8parture$ that must be disclosed and explained In the financial 8tatement8,' - prepare the financial statements on the going concem ba818 unl089 it 18 inappropriato to presume that the charity will continue in businos8. Th8 tru8tO88 aro rn8pon8ible for keeping propor a¢countirvJ r•cord8 that di8c108e with reasonabl• accuracy at any time the financial posilion of the tharity and to •nable Ihem lo ensure Ihat tho financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, ar the provisions of the Trust d88d. They aro a180 re8pon8ible for safeguarding the assets of the charty end takirKJ r08$0nable 8tep8 for prevèntion and dotection of fraud and other irregularitios. The tru8t8es are responsible for the maintenance and integrity of the charity and financial infomiation included on the charity's website in ardance with legislation in United Kingdom goveming the preparation dissemination of financial statement8. Approved by the trusteos and signed on their b8haff by: Signature rtA/A ) Nam8 .Pate j£f/l< Page 8
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF N7 COMMUNITY CHOIR I report to tnjstees on my examination of thé accounts of N7 Commuiyty Choir ('Tr Tru8t') (Registwgd Charity Numbar 1150514) for th6 year erKled 31 DeCbar 2024. RMpon•lbllldu and ba•18 of r•port As the chartys truste88, arn r88pon8th for th• preparation d the account8 in accordance wlth Iho rnqulrements of th8 Charliles Act 2011 Clhe Acr). I report In re8POCt of my •xamin8tkn of the T,8 accMts carf•d out undw son 145 of the 2011 Act and In carrylng out my gxamlnatlon, I have 101thd all the appllcable Dlreciion8 given by th8 Charfty ComnI88lon der 8OCtion 145(5)(b} of tho Ad. I have rnpted my examination, I confinn that no m8t•rtal mattern havo come to my attentlon In Conne wtth the examlnation lch Ov88 ma cause to E)011ov• thai, In any materlal respoct: . tho accountlng rec(Kd8 wwe not kept In accordanc6 sedon 130 al tho Charttl•$ Act; or - the aCcMIS did not with the accountlng record8; or - tha accounts dld not comply with tho applicable r8qulrements conc4mlng tho lorm and content of acc1$ 80t out In t Char6tle8 {Account8 and Reports) R8gulatth 2008 other than any requlrement that the aca)unts glve a Irue and faltr vlv•V lch[S not a m8tt o)n81dored as part of an Ind•pendont ex8mlnatlon. I have no concems and havè come acxo88 other matter8 In COM8ckn vlth tho ex8mknatlon to atttntlon ShOd b• dr•wn In thls report In order to enable a proper urKler8tanding of t aceount8 to be r8a&*d. Graeme Talt B Com (NZ) 35 Fortismere Aven LorKlon N10 3BN Oat• Page 9
N7 COMMUNITY CHOIR STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31st DECEMBER 2024 2024 2024 Tolal 2023 INCOME FROM: Voluntwy Income from Donors 31,054 21,662 61706 28,279 Charitable & Trading Activiti08 2b 48.201 48.201 19,741 TOTAL INCOME EXPENDITURE ON: Grants Made 1.924 1.924 2,235 Dir8ct Charltabl• Exwndilur• 390 24487 46,104 , C08t of Gen•ratlw Fundi 818 818 218 Other EXpdItur• 1360 1366 TOTAL EXPENDMIRE 71, NET INCOME I (ExpeN8E) 7.770 (&8351 4,935 (855) Balanc Brought Forward 12,078 6,236 17,313 18,168 Balanc08 Carried Forward Movements Reser8 arKI all recogni80d gain8 arKI108808 are 8hthvn above. All of the ch8riVs operations aro cla888d a8 continuing. Details of r88tricted incomo arKI expenditurn are set out in Notè8 2 to 4. notes on pages 12 to 15 lomi w1 of these financlal $tatrt$. Page 10
N7 COMMUNITY CHOIR BALANCE SHEET AS AT 31st DECEMBER 2024 2024 2023 Curr•nt A•••ts: Ca•h at Bank 23.578 19,678 D•btorn Pr8payment8 Accrued Income Other Debtors 1f 175 0.223 130 5,295 3,&S2 6,528 29,106 9,162 28,840 Total Curr•nt AM•t• Curr•nt Llablllll••: Cr•dltor• ' Defèrred Income Ac£ru818 19 (103) (g,(XX)> 2,527 (6.8681 111,527) NET ASSETS 17,313 CAPITAL AND RESERVES General Funds - Design8t8d General Funds - Other Restricted Funds Ih 11.7fy) 8,148 10,078 5,235 TOTAL CAPITAL AND RESERVES 22,248 17,313 proved by the trust888 of N7 Communty CtK)ir and signed on thair behalf by.. Signatur8 Nama --/,'1. -_.]!'[& , Dato Page11
N7 COMMUNITY CHOIR NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2024 1. ACCOUNTING POUCIES la) Ba•1• of prnparadon and as8•um•nt of golng conc•rn The accounts (financial statements) have been prepared Lmder the historical cost conventiiyi. Tho flnartial 3tatein8nts have been prepared in accordance with AUntIng arKI Reporting by Chariti•J: Statement of Reconmnended Pracico applicab io charities in preparing tfir account8 in acc¢xdanc• with the Financtal R•witng Standard applicablo in UK and Republic of Ir•larKI (FRS 102) (effective 1 January 2019)" (Chariti&8 SORP (FRS 102)), the Financial Roporting StarKlard appllcable in the UK and Republic of Ir6land (FRS 102) and th8 Charities Act 2011. Th8 chartty c¢)n81itute3 a public bongfft •ntlty a8 d8fin8d by FRS 102. The truste08 consider that there aro no material uncertainti88 ab the tharltys ability to c¥)ntinue as a goirKJ concem. 1b) Fund• Gerornl fund8 repre88nt the lund8 of the charity that are not to any restrictions reoardirvj their use arKI are available for appllcation on the g8wal purpo888 of tho charity. Fd• d•8iwat8d lor a P.lar purposa by tho charty ar8 al80 unre8tnct8d are 8hwi 8•pwatoly. R88trictod ar• those funds that mujt be 8p8nt on r08tricled wrpos88 arKI dothil8 of lh• fund• held and re8tri¢tion8 ar• provid8d 88 appropriate. 1c) Matchlng of Inconw and •xwdltur• to t•rn proJ•cts Each financial year crJnsi8t8 of Sprirw. Sunx71er and Artumn twrnj with wrfic projects in each. Incom and axpondrture r•laiing to •ath t•nii'8 proirf8) are recogni•ed within the financial year In vthich the term falls, subi8ct to tho notes b8lcM on timirg of recognition recoverabllty of affl0. Wnarn th• oxrffiitrnont of •xpgnditure relatlng to 8 project spans more than one financial yew th•n the expenditure 18 recognised In the yoar in lch it is incxjrrod with fund8 to cover the lator year8 eXpff1ture lh in reserves as Restricted or Designated as appropriate. 1d) Incom recoverable on Gfft Aid donations is rece188d the donation 18 r•cogn18ed. Grant8 and legaci88 to ts ¢anty are amntod for as 800n as the (wity 1$ notffied of it8 legal itlement, the amount d( ij quantifiable arKI it8 1Mate r8eeipt by the chwity is reasonably certain, 1088 relate to a Ipecffic project in a ftrture pwiod, in tch case rocognltion is d8ferred. l•) Exp•ndlturn Grants and donations are taccounted for when paid over, or 8ward8d, rf that award ueates a binding obligalion charity. Page 12
N7 COMMUNITY CHOIR NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2024 I. ACCOUNTING POUCIES (CoTrtlnu•d) lfj Currwrt a•••t• Arnts olng to the ¢arity the year end In respect of programme advertlthg or othar Incwiè aro 8hM 88 debtors.10 wovtsbn for amounts that ar• con8ld8red to be Unco•. Aoanc•s made In regpoo of materfal fty proJ•ct8 falling Into firture Ilnanclal perlods are a8 prepaymonts. The valuion of such advances18 rev58wed and wrttten d¢y4m as nece88ary. lg) Cuir•nt Ilablllti Amounts by the charlty at th8 year and In r08POCt of mu8kn8, concert ¥taglng or ott expendlture r8latir¥J to propcts in the year are Sho as credttors. Grants, donafjons and substti)tion8 recelved In the year ro18tlng to projacts or tsm18 lalllw into 1h) D••nthd fund• The balanc• shtr as designated fund8 lowesents exp8nd5ture on cwrant or prlor ar projects *filch It Is Intendad to In follcmlng Yrn. or on planned firturn proJ8cts. Th18 indude8 the costs of flnaHslng recordings made in pmr yearn for public release, the balance of the c08ts of the Stratsglc Rèview Ixojgct to be completéd earfy In 2025, mu8lcal development Costs for planned kn comm1661 and colts of a 8•cond podcast Ai part of the Sun C)oe8 Shlno outroath project. 2024 2024 TolAI 2023 I INCOIAE 21) Voluntary Incom• from l)onorn Voluntary Sub8crfpfjon8 from Cholr Donations received Grants recelved or recogn In thg year Raclalmable Gfft Akl 4860 4390 19.810 2,843 1.400 4,428 3.780 21,X2 21.262 2b) Charkabl• & Trndlng Pxtlvlu Sale of rickets Programmes, CDS & Merchandl8e sales Programm8 Advertlslng 36,617 1220 36,617 2,220 15.042 4,248 3,700 3.937 Radlo Programm8 Fee Bell The Bars film shIng net Bank Int6r88t eamod 3,780 116 Pffje 13
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2024 2024 2024 2024 Tot•1 3. EXPENDITURE 31) Grants Mad• St Luk8'8 Church Sale Passage Citizen's Theatre Young Musician SpM80rshlp 1.599 1,599 1,599 411 100 11)0 225 1,924 3b) Dlrnct Charttabl• Exp•ndltur• Purthaae of Refro8hments Scorn8 & Audlo Ald8 De8w & Photography Compo8ttion, Arrangamont & Llbrotto Mu81d8n8 (rnaln (*olr r8h8arnals) MusicAans (performar¥s) Mu8ldan8 (chamb8r cholr rehearsals) Venue Hlre & Servlc88 Hlre ol In8trument8 & Tun5ng Prlntsng Expenses Audiopvisual Professlonals Muglc Llcenc88 MercheThJlslrrtJ matertals Stage Management Profassionals Hire of Van, Staging & Chalrn Podcast l Outreach Prqect Costs Radlo Progr8m Co8t8 Audlo l Llghtlng for St Luke'8 CD Productlon Costs 8etween The Bars FHM Producti Maklng Music M8mber8h'p 1186 185 1,816 1,040 1,750 7.379 9.022 3.690 11,069 13,822 10,470 6,767 18.080 1,676 1,878 2,889 2,296 2,705 1.876 1,878 2,927 400 127 6,109 5,109 4360 3.360 2CKI 6,850 471 90.877 86.390 24,487 46.104 3c) Co•ts of G•n•ratlng Fund• Fundralsing & Publldty 816 816 816 816 218 216 3d) Ewndltur• I306 1366 l366 366 320 Page 14
N7 COMMUNITY CHOIR NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2024 MOVEMENT ON RESTRICTED FUNDS 2024 2023 Fund• Brwiht Forward 5.235 10,686 Fund• R•c•lv•d The Sun Does Shine Proi8Ct Arts Council England re 0reaCh Choir donation8 rn Podcast Arts Council England rn Film Art3 Council ErvJland re P8rfcnn8nc• Back8tago Trust Grant 915 9,547 10,8CMJ 21.462 Matt Evan Smith MernLYial FWKI Donatio Rec8iv8d Total R•c•lv•d 21.652 Fund• Dl•bur••d The Sun Do08 Shine R8hear8al I Concert costs Outr8ach I Podcast costs Bthveen the Barn film cos1• 18,997 5,340 24,337 6,750 Matt Evan Smlth Memorial Fund Musician Perfom)ance Fe88 100 Tolal Dl•l>ur••d 24,487 Balanc• ol R••trlct•d Fund• Hdd 6.236 Tho balance of Re8trict•d FurKJ8 r8pre3ents £1.LIJO for any remalning design In respect of the Freedom Song outroath project, £1,350 in re8pect of the Sun Does Shin8 pnson wrJrk8lY)p bolr¥J delivered in 2025 and a £50 balanca on the Memorial FurKI. Page 15