CHARITY COMMISSION
FOR ENGLAND AND WALES
Trustees, Annual Report for the period
From 1.1.23 (Period start dats) to 31.12.23 (Period end date)
Charity name: DE PROFUNDIS
Charity registration number: 1156600
Objectives and Activities
SORP referenc
Para 1.17
Summary of the purposes of
the charity as set out in its
goveming document
To advance, improve, develop and
maintain public education in, and
appreciation of, the art and science of
music in all its aspects by any means the
trustees see fit. induding through the
resentation of ublic concerts and recitals
The main activity of De Profundis is
presenting concerts of Renaissance sacred
choral music from the continent, and, in
particular. Spain. In addition, we regularly
produce highqualrty CD recordings of this
repertoire.
Summary of the main
activities in relation lo those
purposes for the public
benefft. in particular. the
activities, projects or
ServIS identified in the
accounts.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit
Para 1.17 arKI
Para 1.18
I can confirm that the trustees have had
regard to the guidance issued by the
Charity Commission on public benefit.
Additional informatlon (optional)
You ma
choose to include further statements where relevant about:
SORP reference
NIA, De Profundis does not do this
Para 1.38
Policy on grant making
NIA, De Profundis does not do this
Para 1.38
Policy on social investment
induding program related
investment
Parn 1.38
Contribution made by
volunteers
Other
Achievements and Performance
SORP reference
2023 has been another very significant
year for De Profundis.
In the Spring we performed the 2rxJ concert
and recorded the 2Tra CD in our 'Morales
Project.. The concert was directed by
Eamonn Dougan ffhe Sixteen).
The music of this project is being newly-
edited for each concert and is being
perfomied according to principles of
historically-infomied performance practi.
This is an extremely ambitious project and
has never been attempted before. Our aim
is to raise the musical public's awareness
and appreciation of the music of this
master musician, and to expand the
repertoire for future groups and performers.
The music of each concert is being
subsequently recorded for international
release (and for posterity). This will allow
the fruits of our project to be available to
intemational music lovers and scholars in
perpetuity.
Summary of the main
achievements of the charity,
identifying the difference the
charity's work has made to
the circumstances of its
beneficiaries and any wider
benefrts to society as a
whole.
Para 1.20
In the Autumn we perfomied a concert of
music by Palestrina, directed by the world
renowned Andrew Parrott. We sang his
famous Missa Papa Marcelli (Soriano
double choir edition), also including music
by Francisco Guerrero, Juan Esquivel. and
Sebastian de Vivanco.
December saw the choir perfomiing two
concerts as part of the 3nl Annual Festival
de Thomas Luis de Victoria, at the
invitation of the festival. Both concerts were
extremely well received, and the choir was
directed b Robert Hollin
worth.
Additional Infomiatlon (optlonal)
You ma
choose to include further statements where relevant about:
De Profundis successfully completed the
second of its 12 Morales Project CDS.
which was enthusiastically taken up by
Hyperion (as were our previous 4 discs).
Achievements against
objectNes set
Para 1.41
Mid 2023 saw the roll out of our Regular
Giving scheme which brought in £1,040
during 2023.
Performance of fundraising
activities against objectives
set
Para 1.41
NIA. De Profundis does not have any
investments.
Para 1.41
Investment perfornance
against obj'ectives
Other
Financial Review
Review of the charity's
financial position at the end
of the period
Parn 1.21
De Profundis has £3.138 held in cash bank
account. Invoices totalling £6,632 are
outstanding at YE23.
All invoices for the Morales CD2 project
have been paid in 2023. totalling £17,830.
The Morales Project cash flow has been
fully modelled to ensure that the bank
balance always remains positive, taking
into account the time between project
expendrture and income received after the
CD Master has been made.
There is outstanding income totalling
23,963 due to De Profundis which will be
received in 2024. This is composed ot
- 202212023 Gift Aid Claim: £916
- Hyperion contribution towards costs of
Morales CD2 £3.000
- CEEH contribution towards costs of
Morales CD2 É14,000 This is part of CEEH
commitment to provide funding of É14,000
towards each of the 12 CD in the De
Profundis Morales Project
- É10,000 from Avila Town Council
Once the outstanding income is receNed,
and the outstanding invoices paid De
Profundis will have cash fvnds of £20,469.
De Profundis does not specifically hold
serves, however aims to hold a minimum
bank balance of £1,000 at any one time.
Minimum balance is intended to guarantee
that it is able to
all invoices when due.
De Profundis does not specifically hold
financial reserves, but cash flow is
managed to maintain a minimum bank
balance of £1,000 as any one time.
Statement explaining the
policy for holding reserves
stating why they are held
Para 1.22
Amount of reserves held
Para 1.22
Reasons for holding zero
reserves
Details of fund materially in
deficit
Explanation of any
uncertainties about the
charity continuing as a going
concem
Para 1.22
See previous entries.
Para 1.24
No fund in deficit
Para 1.23
There are no concems about De Profundis
continuing as a going concem, due to the
detailed financial planning for all income
and expendrture.
Additional Inforniation (optlonal)
You ma
choose to include further statements where relevant about:
ricket Sales from concerts (•42.5- 3K
p.a.)
Subs from amateur singers (41 K p.a.)
Principal UK donor (£4.8K p.a.)
CD Sales (41K p.a.)
CEEH Morales Project Donation (É14K per
CD
NIA, De Profundis does not participate in
any investments.
The charity's principal
sources of funds (including
any fundraising)
Parn 1.47
Investrnent policy and
objectives including any
social investment policy
adopted
Parn 1.46
None. Spending is well planned and
controlled to ensure that all required
finances are in place before commrtting to
any expenditure.
All activities are fully costed before being
commltted to. This ensures no financlal risk for
any project.
A description of the principal
risks facing the charity
Para 1.46
Other
Structure, Governance and Management
Description of charity's
trusts:
Type of goveming document
NIA
Para 1.25
NIA
How is the charty
constituted?
Para 1.25
Society
Trustee selection methods
induding 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 appointment by unanimous decision of
the Trustees (see below).
Addftlonal Infomiatlon (optlonal)
You ma
choose to indude further statements where relevant about:
No training required for trustees
Policies and procedures
adopted for the induction
and training of trustees
Parn 1.51
The charity's organisational
structure and an
wider
Parn 1.51
network with which the
charity works
NIA. De Profundis does not have any
related parties
Relationship with any
related parties
Para 1.51
Other
Reference and Administrative details
Chari
name
Other name the chari
uses
Re
istered charit
number
Charity's principal address
De Profundis
NIA
1156600
24 Cow Lane
Fulboum
Cambridge
C8215HB
Names of the charity trustees who manage the charity
Dates acted If not for whole
ear
Trustse name
Office (If any)
Name of pernon (or body) entstjed
toa
Int trustee
Ifan
Mark Dourish
Chaimian
Treasurer
Stephen Pledger
Jones
Matthew Johnson
Sam Barrett
Secretary
Co
orate trustees - names of the directors at the date the re
Director name
ortwasa
roved
NIA, No Co
rate Trustees
Name of trustees holding title to property belonging to the charity
Dates acted If not for whole
Trustee name
ro
ear
held
Funds held as custodian trustees on behalf of others
Description of the assets
NIA
held in this capacity
Name and objects of the
charity on whose behalf the
assets are held and how this
falls within the custodian
charity's objects
NIA
Details of arrangements for
safe custody and
segregation of such assets
from the charity's own
assets
NIA
Additional Infom)atlon (optional)
Names and addresses of advlsers (Optlonal Informatlon)
Type of
Name
Address
advlser
NIA
NIA
NIA
Name of chief executive or names of senlor staff members (Optlonal Infonnatlon)
Exemptions from disclosure
Reason for non-disclosure of ke
rsonnel details
NIA
Other o
tional information
Declarations
The trustees declare that they have approved the trustees, report above.
Slgned on behalf of the charlty's trustees
Slgnature(s)
Full name(s)
Posltion (eg Secretary,
Chalr, etc)
Mark Dourish
Stephen Jones
Chairman
Treasurer
Date
161312024
Camscanner":
|**Charity Name**|||**No (if any)**||
|---|---|---|---|---|
|**De Profundis**|||**1156600**||
|**Receipts andpayments accounts**||||**CC16a**|
|**For the period**
**from**|1st Jan 2023
Period start date|**To**|31st Dec 2023
Period end date||
|**Section A Receipts and payments**|**Section A Receipts and payments**||||||
|---|---|---|---|---|---|---|
|**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest**
**£**
**1,550**
**3,728**
**5,900**
**300**
**20,318**
**3,000**
**-**
**-**
**34,796**
**-**
**-**
**-**
**34,796**
**13,430**
**2,329**
**3,563**
**13,376**
**41**
**-**
**-**
**-**
**-**
**32,739**
**-**
**-**
**-**
**32,739**
**2,056**
**-**
**1,082**
**3,138**|**Restricted**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Endowment**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Total funds**
**to the nearest £**
**1,550**
**3,728**
**5,900**
**300**
**20,318**
**3,000**
**-**
**-**
**34,796**
**-**
**-**
**-**
**34,796**
**13,430**
**2,329**
**3,563**
**13,376**
**41**
**-**
**-**
**-**
**-**
**32,739**
**-**
**-**
**-**
**32,739**
**2,056**||**Last year**
**to the nearest £**|
|Amateur Singer Subs|**1,550**|||||**1,325**|
|Concert Income (Tickets, CD &
Programmes)|**3,728**|||||**3,331**|
|Regular donations|**5,900**|||||**4,440**|
|One Off donations|**300**|||||**-**|
|CEEH Recording& Tour Donation|**20,318**|||||**-**|
|UMG RecordingDonation|**3,000**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
|**_Sub total_**_(Gross income for_
_AR)_|**34,796**|||||**9,096**|
||||||||
|**A2 Asset and investment sales,**
**(see table).**|||||||
|n/a|**-**||||||
||**-**|||||**-**|
|**_Sub total_**|**-**|||||**-**|
|**_Total receipts_**
**A3 Payments**|||||||
|||||||**9,096**|
||||||||
|Professional musician fees
(Concerts & Recordings)|**13,430**|||||**15,935**|
|Concert Costs|**2,329**|||||**1,478**|
|Recording Costs
(Engineer,church hire, producer etc.)|**3,563**|||||**7,113**|
|Tour Costs (Hotel, flight, per diem, pro
fees)|**13,376**|||||**-**|
|BankingCharges|**41**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
|**_Sub total_ **|**32,739**|||||**24,526**|
||||||||
|**A4 Asset and investment**
**purchases, (see table)**|||||||
||**-**||||||
||**-**||||||
|**_Sub total_ **|**-**|||||**-**|
|**_Total payments_**
**_Net of receipts/(payments)_**
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_**|||||||
|||||||**24,526**|
||||||||
||**2,056**|**-**|**-**|
**2,056**||**- 15,430**|
||**-**|**-**|**-**|**-**||**-**|
||**1,082**|**-**|**-**|**1,082**||**16,512**|
||**3,138**|**-**|**-**|**3,138**||**1,082**|
CCXX R1 accounts (SS)
2/2/2023
1
## **Section B Statement of assets and liabilities at the end of the period**
|**Categories**
Signed by one or two trustees on
behalf of all the trustees
**B1 Cash funds**
**B2 Other monetary assets**
**B4 Assets retained for the**
**charity’s own use**
**B5 Liabilities**
**B3 Investment assets**|Signature
Outstanding Invoices from Dec 23 Spain
Tour
Ouitstanding printing invoices
CD2 Recording Engineer Invoice
Printing Invoices
**Details**
Cash at bank
**Details**
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
Outstanding Gift Aid Claim for 2022/2023
Hyperion Contribution to Morales Disc 2
Recording Engineer (To Come in 2024)
CEEH Morales Project Disc 2 Contribution
(€14,000 @ 1.17 €/£)
**Details**
€5,000 fee for 2 concerts in Avila Dec
2023, payment due in Jan 2024
**Details**
**Details**|**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**3,180**
**-**
**-**
**-**
**-**
**-**
**3,180**
**-**
Agreement Error
OK
**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**916**
**-**
**3,000**
**-**
**11,500**
**-**
**8,547**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**
Unrestricted
**2,782**
Unrestricted
**350**
Unrestricted
**3,500**
Unrestricted
**~350**
**-**
Print Name
Dr Mark Dourish
Stephen Jones|**Endowment**
**funds**
**to nearest £**|
|---|---|---|---|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||OK|
||||**Endowment**
**funds**
**to nearest £**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**Current value**
**(optional)**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**Current value**
**(optional)**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**When due**
**(optional)**|
|||||
|||||
|||||
|||||
|||||
|||||
||||Date of
approval|
|||Dr Mark Dourish|18/04/2024|
|||Stephen Jones|18/04/2024|
CCXX R2 accounts (SS)
2/2/2023
2
## **Independent examiner’s report to the trustees of De Profundis**
I report to the trustees on my examination of the accounts of the De Profundis (the Trust) for the year ended 31[st] December 2023.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 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 concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed:
Name: Rohanne Price
Relevant professional qualification or membership of professional bodies (if any): CGMA
Address: 274 Milton Road, Cambridge CB4 1LQ
Date: 26[th] October 2024