CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From 1.1.24 (Period start date) to 31.12.24 (Perlod end date) Charity name: DE PROFUNDIS Charity registration number: 1156600 Objectives and Activities SORP reference 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, including through the resentation of ublic concerts and recitals The main activity of De Profundis is presenting concerts of Renaissan￿ sacred choral music from the continent, and, in particular, Spain. In addition, we regularly produce highquality CD recordings of this repertoire. Summary of the main activities in relation to those purposes for the public benefrt, in particular, the activities. projects or ServI￿S identified in the accounts. Statement confirming whether the trustees have had regard to the guidan issued by the Charity Commission on public benefrt Para 1.17 and 1.19 Para 1.18 I can confim that the trustees have had regard to the guidance issued by the Charity Commission on public benefit. Additional information (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 Policy on social investment induding program related investment Para 1.38 Para 1,38 Contribution made by volunteers Other Achievements and Performance SORP reference 2024 was another good year for De Profundis. In April we performed the 3rd concert and recorded the 3rd CD in our 'Morales Project,. The concert and recording were directed by Robert Hollingworth (I Fagiolini), The music of this project is being newly- edited for each concertlrecording and is being perfomied according to principles of historically-infomied performance practice. 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 benefits to society as a whole. Para 1.20 In the Autumn we performed a concert of Music from Renaissan￿ Portugal, directed by David Skinner. The concert featured Missa Veni Domine (Magalhaes) and Cardoso's Magnificat a5, in addition to music by Lobo, Cristo, and Morago. Additional inforniation (optional) You ma choose to include further statements where relevant about: De Profundis successfully completed the third CD of its 12 CD Morales Project, which was enthusiastically taken up by Coro, which De Profundis has moved to after a productive time with Hyperion. Achievements against objectives set Para 1.41 2024 saw the first full year of our Regular Giving scheme which brought in £1,080 (excluding Gift Aid). Performance of fundraising activities against objectives set Para 1.41 NIA, De Profundis does not have any Investments. Investrnent performance against objectives Para 1.41 Other Financial Review Revieiv of the charity's financial position at the end of the period Para 1,21 De Profundis has £1,480 held in cash bank account. No involces outstanding at YE24. All invoices for the Morales CD3 project have been paid in 2024, totalling £22,740. 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 expenditure and income received after the CD Master has been made. There is outstanding income totalling 17,028 due to De Profundis which will be received in 2025. This is composed of: - 2022-2024 Gift Aid Claim: £1,376 CEEH contribution towards costs of Morales CD3 É18.000 (415,652 @ 1.1W£) This is part of CEEH commitment to provide funding of E18,000 towards each of the CDS in the Morales Project Once the outstanding income is received, and the outstanding invoices paid De Profundis will have cash funds of £18,508. De Profundis does not specifically hold reserves, however aims to hold a minimum bank balan￿ of £1,000 at any given time. Minimum balance is intended to ensure 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 concern 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 expenditure. Addltlonal Infomiatlon (optional) You may choose to include furtlier stateiiients wliere relevant about: Ticket Sales from concerts (-£2.5- 3K p.a.) Subs from amateur slngers (-£1 K p.a.) Principal UK donor (£4.8K p.a.) CD Sales (-£1 K p.a.) CEEH Morales Project Donation (E14K per CD) Regular donations (£1,050p.a.) + GiftAid NIA, De Profundis does not participate in any investments. The charity's principal sources of funds (including any fundraising) PAfA 1.47 Investment policy and objectives induding any social investment policy adopted Para 1.46 None. Spending is well planned and controlled to ensure that all required fInan￿S are in place before committing to any expenditure. All activities are fully costed before being committed to. This ensures no financial 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 (trust deed. ro al charter How is the charity constituted? (e.g unincorporated association. CIO 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 NIA Para 1.25 NIA Para 1.25 Society Para 1.25 By appointment by unanimous decision of the Trustees (see below). Additional Infomiatlon (optlonal) You ma choose to include further statements where relevant about: No training required for trustees Policies and procedures adopted for the induction and training of trustees Para 1.51 The charity's organisational structure and an wider Pafa 1.51 network with which the charity works NIA. De Profundis does not have any related parties Relationship Ivith any related parties P3r8 1.51 Other Reference and Administrative details Cha name Other name the chari uses Re istered chari number Chanty's principal address De Profundis NIA 1156600 24 Cow Lane Fulboum Cambridge CB21 SHB Names ofthe charity trustees who manage the charity Dates acted If not for whole ear Trustee name Office (if any) Name of pernon (or body) entitled toa olnt trustee Ifan Mark Dourish Stephen Pledger Jones Matthew Johnson Sam Barrett Chairman Treasurer Secretary orate trustees - names of the directors at the date the re Director name ortwasa roved NIA, No Cor orate Trustees Name of trustees holding title to property belonging to the charity Trustee name Dates acted If not for whole ear NIA no ro rt 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 information (optional) Names and addresses of advisers (Optional infomiation) .Type of Name Address adviser NIA NIA NIA Name of chief executive or names of senior staff members (Optional Infomiation) Exemptions from disclosure Reason for non-disclosure of ke ersonnel details NIA Other o None tional information Declarations The trustees declare that they have approved the trustees, report above. Slgned on behalf of the charlty's trust Slgnature(s) Full name(s) Position (eg Secretary, Chair, etc) Mark Dourish Stephen ones Chairman Treasurer Date 111712024 |||**Charity Name**|||||||**No (if any)**|**No (if any)**|||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||**De Profundis**|||||||**1156600**||||| |||**Receipts andpayments accounts**||||||||||**CC16a**|| |**For the period**
**from**
~~ee~~||||1st Jan 2024
Period start date
~~ee~~|||**To**
~~ee~~|||31st Dec 2024
Period end date|||| |**Section A Receipts and payments**|||||||||||||| |||**Unrestricted**
**funds**||**Restricted**
**funds**|**Restricted**||**Endowment**
**funds**|**Endowment**||**Total funds**||**Last year**|| |||**to the nearest**
**£**|**to the nearest**|**to the nearest £**|**to the nearest £**||**to the nearest £**|||**to the nearest £**||**to the nearest £**|| |**A1 Receipts**|||||||||||||| |Amateur Singer Subs||**800**||**-**|**-**||**-**|**-**||**800**||**1,550**|| |Concert Income (Tickets, CD &
Programmes)||**3,393**||**-**|**-**||**-**|**-**||**3,393**||**3,728**|| |Regular donations||**6,430**||**-**|**-**||**-**|**-**||**6,430**||**5,900**|| |One Off donations||**105**||**-**|**-**||**-**|**-**||**105**||**300**|| |CEEH RecordingDonation||**11,555**||**-**|**-**||**-**|**-**||**11,555**||**20,318**|| |UMG RecordingDonation||**3,000**||**-**|**-**||**-**|**-**||**3,000**||**3,000**|| |Dec 23 Tour Fee(Avila Town Council)||**8,463**||**-**|**-**||**-**|**-**||**8,463**||**-**|| |||**-**||**-**|**-**||**-**|**-**||**-**||**-**|| |**_Sub total_**_(Gross income for_
_AR)_|_(Gross income for_
_AR)_|**33,746**||**-**|**-**||**-**|**-**||**33,746**||**34,796**|| |**A2 Asset and investment sales,**
**(see table).**
n/a
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**_Sub total_ -**
**-**
**-**
**-**
**-**
**_Total receipts_**
**33,746**
**-**
**-**
**33,746**
**34,796**
~~——————~~|||||||||||||| |**A3 Payments**|||||||||||||| |Professional musician fees|||||||||||||| |(Concerts & Recordings)||**20,482**||**-**|**-**||**-**|**-**||**20,482**||**13,430**|| |Concert Costs||**3,329**||**-**|**-**||**-**|**-**||**3,329**||**2,329**|| |Recording Costs|||||||||||||| |(Engineer,church hire, producer etc.)||**11,464**||**-**|**-**||**-**|**-**||**11,464**||**3,563**|| |Tour Costs (Hotel, flight, per diem, pro|||||||||||||| |fees)||**-**||**-**|**-**||**-**|**-**||**-**||**13,376**|| |BankingCharges||**72**||**-**|**-**||**-**|**-**||**72**||**41**|| |Website Fees||**58**||**-**|**-**||**-**|**-**||**58**||**-**|| |||**-**||**-**|**-**||**-**|**-**||**-**||**-**|| |||**-**||**-**|**-**||**-**|**-**||**-**||**-**|| |||**-**||**-**|**-**||**-**|**-**||**-**||**-**|| |**_Sub total_ **||**35,405**||**-**|**-**||**-**|**-**||**35,405**||**32,739**|| |**A4 Asset and investment**
**purchases, (see table)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**_Sub total_ -**
**-**
**-**
**-**
**-**
**_Total payments_**
**35,405**
**-**
**-**
**35,405**
**32,739**
~~——————~~|||||||||||||| |**_Net of receipts/(payments)_**
**- 1,658**
**-**
**-**
**A5 Transfers between funds**
**-**
**- -**
**A6 Cash funds last year end**
**3,138**
**- -**
**_Cash funds this year end_**
**1,480**
**-**
**- 1,480**
~~===~~||||||||**-**
**- -**
**- -**
**- 1,480**
|**-**
**- 1,480**
|**- 1,658**
**2,056**
**-**
**-**
**3,138**
**1,082**
**- 1,480**
**3,138**
~~>>~~|||| 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
**Details**
Cash at bank
**Details**
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
Outstanding Gift Aid Claim for 2022-2024
Hyperion Contribution to Morales Disc 3
Recording Engineer (To Come in 2024)
CEEH Morales Project Disc 3 Contribution
(€14,000 @ 1.15 €/£)
**Details**
**Details**
**Details**|**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**1,480**
**-**
**-**
**-**
**-**
**-**
**1,480**
**-**
OK
OK
**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**1,376**
**-**
**3,000**
**-**
**12,174**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**
**-**
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|28/07/2025| |||Stephen Jones|23/07/2025| CCXX R2 accounts (SS) 2/2/2023 2 Inde endent examinerfs re ort 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" December 2024. Res onsibilities and basls of re ort 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 20111'the Act'l. 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{5llb} of the Act. Inde endent 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: 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 ILQ th Date: 29 October 2025