## **Trustees' Annual Report for the period**
Period start date Period end date 10 April 2020 9 April 2021
**From**
**To**
## Section A Reference and administration details
## **Charity name** Stile Antico Foundation
**Other names charity is known by** n/a
**Registered charity number (if any)** 1156615
**Charity's principal address** 17 Sussex Gardens
Fleet
**Postcode GU51 2TL**
## **Names of the charity trustees who manage the charity**
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Name of person (or body) entitled
Trustee name Office (if any) Dates acted if not for whole year
to appoint trustee (if any)
1 Stefan Paetke Chair n/a n/a
2 Emma Adlard n/a n/a n/a
3 Rebecca Chilton n/a n/a n/a
4 Christophe Kasolowsky n/a n/a n/a
5 Lindsay Kemp n/a n/a n/a
6 Jessica Robson-Hill n/a n/a n/a
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**Names of the trustees for the charity, if any, (for example, any custodian trustees)**
**Name Dates acted if not for whole year** n/a
## **Names and addresses of advisers (Optional information)**
**----- Start of picture text -----**
Type of adviser Name Address
n/a
**----- End of picture text -----**
## **Name of chief executive or names of senior staff members (Optional information)**
n/a
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**Section B Structure, governance and management**
## **Description of the charity’s trusts**
Constitution
Type of governing document (eg. trust deed, constitution) Charitable Incorporated Organisation How the charity is constituted (eg. trust, association, company) Trustees are elected by each other Trustee selection methods
(eg. trust, association, company)
(eg. appointed by, elected by)
## **Additional governance issues (Optional information)**
You **may choose** to include additional information, where relevant, about:
- policies and procedures adopted for the induction and training of trustees;
- the charity’s organisational structure and any wider network with which the charity works;
- relationship with any related parties;
- trustees’ consideration of major risks and the system and procedures to manage them.
The basic arrangements for the Stile Antico Foundation (SAF) are unchanged from those outlined in previous years’ reports. The Foundation supports the charitable activities of the Renaissance choral singing Group _Stile Antico,_ but its Constitution also allows support for other similar musical groups. To date, all funds granted by SAF have been to support and promote projects undertaken by _Stile Antico._ The Group’s objectives are to bring the Renaissance choral music repertoire to new audiences by means of innovative programming and a performance style almost unique to _Stile Antico,_ which sings one-to-a part and without a conductor. In the opinion of the Group and SAF Trustees, this offers a uniquely intense musical experience to audiences, enhanced by creating new ways to present the music and thus engage with wider audiences new to the repertoire.
To achieve these objectives, the SAF Trustees work closely with members of the Group, some of whom always attend Trustees’ meetings. By this means the Group shares information with Trustees about current and future projects, and Trustees offer guidance and help wherever their expertise allows them to do so. In deciding to offer financial support, Trustees always have the charitable purpose of each project as the major criterion for agreeing a grant at the forefront of their minds.
A Business Plan for SAF was drawn up when it commenced operations in 2014, and this has been regularly reviewed and updated since that time in line with changing economic circumstances. In particular this has led Trustees strongly to support the Group’s search for wider sources of funds, such as Arts Council England and other relevant providers.
A considerable matter for Trustees’ attention was Governance issues. As reported previously, a great effort was devoted to satisfying the requirements of the GDPR Directive, and a series of revised documents and procedures were effected. These documents and procedures are reviewed annually to ensure that they continue to be fit for purpose.
This entire financial year was under the influence of the COVID-19 global pandemic, which of course had a significant effect on the majority of the intended activities. This was dealt with in a variety of ways, which are further explained within Section C.
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## **Section C Objectives and activities**
|**Summary of the objects of the**
**charity set out in its**
**governing document**
**Summary of the main**
**activities undertaken for the**
**public benefit in relation to**
**these objects (include within**
**this section the statutory**
**declaration that trustees have**
**had regard to the guidance**
**issued by the Charity**
**Commission on public**
**benefit)**|To advance, improve, develop and maintain public appreciation of the
music performed by choral groups specialising in the Renaissance
repertoire. This is achieved by funding performances and concerts by
choral groups, including principally but not exclusively by_Stile Antico,_as
well as education workshops and projects designed to promote
appreciation of choral music at little or no cost to participants. SAF’s
commitment to supporting the development of new programmes has
been enhanced by providing funds to contemporary composers to write
pieces for incorporating into_Stile Antico’s_programmes so that modern
interpretations of common themes sit alongside those written by
composers such as John Dowland. During 2020/21 SAF’s support has
enhanced its charitable purposes via supporting activities online and
through the recording of new programmes on CDs through the Covid-19
restrictions.|
|---|---|
||Bursaries for Young Singers
SAF has funded bursaries for young singers since 2014. The scheme
was improved following feedback from previous participants, and its
scope extended to offer an award to a choral ensemble. The 2019-2021
Bursary was thus awarded to_Fount and Origin_a group of ten singers
who are receiving coaching from_Stile Antico_over a period of two years,
as well as a financial grant. The Foundation’s total contribution will come
to £2,000. It was possible to continue the intended coaching during the
COVID-19 pandemic thanks to virtual solutions, in addition to face-to-face
coaching at times where this was safe to undertake.
Youth Consort
As indicated in previous reports, the Foundation intends to support
further editions of_Stile Antico_’s Youth Consort, a non-residential summer
school for talented young singers intended for participants aged 16-22 to
receive coaching from members of the Group with the aim of developing
their ensemble skills, musical interpretation, and knowledge of
Renaissance repertoire.
The Youth Consort was intended to take place in August 2020, but due to
the COVID-19 pandemic the plans for this needed to be put on hold.
Newsletter
_Stile Antico_produces and distributes a regular Newsletter which goes out
to Friends and to a mailing list of more than one thousand people.
Feedback from recipients identified the need to improve the
professionalism of the production process and therefore in 2018 a new
graphic designer was briefed to produce each edition. The Trustees had
previously agreed to fund this work at an annual cost of £1,000, but
during 2020 it was decided that a member of_Stile Antico_would use the
template produced by the graphic designer to create the quarterly
newsletter in-house, and therefore the amount contributed by the
Foundation towards this in 2020-21 was £250.
Development and performance of a collaborative project for touring in
2019, 2020 and beyond
_Stile Antico_decided to commence the planning and development of a
major ground-breaking new project in 2019/20. The lead time for the
preparatory work being long, considerable resources were devoted in|
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2018 and the early part of 2019 to the work necessary to be ready for a series of performances from April 2019 into 2020.
The title of the project is _Songs of Longing and Exile._ Its structure and content drew upon a number of earlier projects carried out by the Group, and as a result it is considerably more broad ranging. The fundamental theme is refugees, and their life experiences, so some of the activities were timed to coincide with Refugee Week in 2019.
The genesis of the project goes back to 2017 when the Group carried out research for a CD entitled _In a Strange Land._ This consists of pieces from the Elizabethan period by Dowland, Byrd and White. Resonances with twenty-first century contemporary issues became evident, particularly since migration was a hot topic. Dowland himself was in exile in Denmark for many years, and this gave rise to the idea of creating a project to explore this link between the past and the present. Early input came from the Group’s participation in the 2017 Dartington International Summer School, notably the commissioning of poet Peter Oswald to write a new text to sing to Dowland’s _Lachrimae._ Audience members at the world premiere commented that the juxtaposition of Dowland’s music with poetry based on modern migrants’ testimonies was extremely moving and effective.
The project evolved to include several elements:
- commissioning a new piece of music from composer Giles Swayne sung to revised texts originally produced by Peter Oswald.
- performing with a choir called _Woven Gold_ whose members are all themselves refugees in a venue new to this form of music, and thus to a new audience.
- introducing an oud (a lute type instrument commonly used in the Middle East and North Africa) into the programme, played by Rihab Azar, who is herself in exile, having left Syria in 2015.
- including atmospheric lighting and visual material to accompany the music.
The Foundation contributed £6,000 towards the overall cost of the project in 2019/20, a large part of which was for funding the new commission by Giles Swayne. The overall scale of the project was such that grants were sought from a number of funding organisations such as Arts Council England, the Golsoncott Foundation, the RVW Trust and the Leche Trust. Since such applications require specific expertise, Trustees had agreed to fund the services of a professional fundraiser for the Arts, which cost £2,722.50, and resulted in all four applications being successful.
Performances of the programme commenced in April 2019 and included one schools performance and five concert performances. Two additional concert performances had to be postponed due to the COVID-19 pandemic, and discussions with Lambeth Council regarding the possibility of an additional schools performance were halted due to the COVID-19 pandemic. The intention is to reschedule these in due course, but due to the extended nature of the COVID-19 pandemic it has not been possibly to reschedule these concerts within the April 2020-2021 financial year, so the project will be completed in 2021-2022.
Development of a new project for touring in 2020 to celebrate the anniversary of the Mayflower’s voyage The _Journey of the Mayflower_ project, commemorating the 400th anniversary of the Pilgrim Fathers’ voyage to America in search of
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religious freedom, encompasses a new programme and script telling the story of the voyage based on William Bradford’s first-hand account. The original intention was for a Youth Polyphony project, Dartington International Summer School 2020 and a variety of other performances to take place within the overarching project. However, unfortunately this was due to commence in May 2020 and therefore the plans for live performances were disrupted by the COVID-19 pandemic.
This project encompassed a ‘Youth Polyphony’ educational project which took place during the spring term of 2020. Three London state secondary schools received eight hours of coaching by members of Stile Antico, intended to be followed by an afternoon festival where all three choirs joined together with _Stile Antico_ for a performance of a three-choir motet. The performance scheduled for 19th March 2020 unfortunately had to be cancelled at the last-minute due to the COVID-19 pandemic reaching the UK.
As the concert performances were unable to take place as planned during 2020, and with it being an anniversary year postponing the concerts to 2021 was not of interest to concert promoters, it was decided that an abridged film of the Mayflower programme would be made for release in September 2020. This ensured that Mayflower content was released in the actual anniversary year of 2020, and enabled the project to reach new audience sectors including those interested in history and those studying the story of the Mayflower in schools and colleges. The Foundation contributed £8,500 towards this project and a substantial additional grant was provided by Arts Council England.
## Series of Recordings with Decca
_Stile Antico_ have been engaged by Decca to release three “anniversary” recordings over 5 years, which are as follows: - 2021 Josquin des Prez - 2023 William Byrd - 2025 Giovanni da Palestrina In order to produce each of these discs, _Stile Antico_ needed to raise some £20,000 to cover their preparation, rehearsal and performance fees for each recording. The Foundation has contributed £5,000 to the series of three discs, and the majority of the remainder of the funds has been raised via the Foundation from a range of generous donors. Further funds will be raised, as necessary, in future years. The des Prez CD was recorded in July 2020, released early in January 2021.
Lecture-Recital Series Due to the cancellation of live performances because of the COVID-19 pandemic, _Stile Antico_ used virtual mediums to undertake projects that would enable public benefit. Four short lecture-recitals (c. 45 minutes) were filmed covering different aspects of Renaissance polyphony, focussing on a broad range of topics researched and presented by members of the group. The lecture-recitals consisted of about 30 minutes of music interspersed with about 15 minutes of spoken explanations and were broadcast weekly from mid-late October 2020. The Foundation contributed £2,400 for the series of lecture-recitals. The lecture-recitals were very well received leading to the development of an additional lecture-recital series to be launched in May 2021, so this will be covered in the next report.
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## Self-promoted Christmas concerts
Again, due to the cancellation of the vast majority of live performances during 2020, _Stile Antico_ undertook to self-promote two extra sets of performances of Renaissance Nine Lessons and Carols (in addition to one in Leamington on 9th Dec, promoted by Leamington Music, and one in York on 13th Dec, promoted by the National Centre for Early Music which was also live-streamed).
The intention was that one set of performances - two successive performances the same evening in order to facilitate social distancing - would take place at the University Church in Oxford on 11th Dec and one set would take place at St Mary Abbot’s in Kensington, London on 18th Dec. The Kensington date was unable to go ahead, due to government changes to restrictions ahead of Christmas, however, the Oxford event was well attended and generously commended. The Foundation contributed £815.80 for this project.
You **may choose** to include further statements, where relevant, about:
- policy on grantmaking;
- policy programme related investment;
- contribution made by volunteers.
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Section D Achievements and performance
**Summary of the main achievements of the charity during the year**
The Foundation has developed its programme of grants in pursuit of its charitable object as outlined in the paragraphs above describing how funds were disbursed in the year.
The impact of Covid-19 restrictions on the Foundation’s activities, as for much of the performing arts sector, has been dramatic in 2020/21. Support from donors and grantors has, however, remained strong based on our clear objectives, strong governance, and delivery of high-quality charitable projects through new “channels” such as online activities. This has been achieved primarily through Stile Antico who have risen to the new challenges in a remarkable fashion.
Upon completion of each funded project, Trustees receive a report from the Group which describes the activities undertaken, and comments on how well the objectives were achieved. Apart from occasions such as commissions to composers where an upfront payment is normal, funds are paid following receipt of such a report. The knowledge gained from this feedback has been used to modify and improve projects undertaken subsequently.
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**Section E Financial review**
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**----- Start of picture text -----**
Stile Antico Foundation Charity No 1156615
Company No
Annual accounts for the period
Period end
Period start date 10/04/2020 To date 09/04/2021
**----- End of picture text -----**
**Section A Statement of financial activities (including summary income and expenditure account)**
|Guidance Note
S01
S02
S03
S04
S05
S06
S07
**Expenditure (Notes 6)**
**Expenditure on:**
S08
S09
S10
S11
S12
S13
Tax payable
S14
S15
Net gains/(losses) on
investments
S16
S17
**Extraordinary items**
S18
S19
S20
Other gains/(losses)
S21
S22
**_Reconciliation of_**
**_funds:_**
S23
S24
Donations and legacies
**Income (Note 3)**
Raising funds
Separate material item of income
Other
Other
**_Total_**
**Recommended categories by activity**
Other trading activities
Charitable activities
Investments
Charitable activities
Separate material expense item
**Income and endowments from:**
**_Total funds carried forward_**
**_Total_**
**Net income/(expenditure) after tax**
**before investment gains/(losses)**
**Net income/(expenditure)**
**Transfers between funds**
Gains and losses on revaluation of fixed assets for the
charity’s own use
Total funds brought forward
**Net income/(expenditure) before tax for**
**the reporting period**
**_Net movement in funds_**
**Other recognised** **gains/(losses):**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**£**
**£**
**£**
F01
F02
F03
19,679
-
-
-
-
-
-
-
-
-
1,048
-
-|
**Total funds**
**Prior year funds**
**£**
**£**
F04
F05
19,679
21,808
-
-
-
-
35,096
1,048
20,727
56,904
-
830
17,091
15,060
4,000
41,096
587
60
21,678
57,046
951
-
142
-
-
-
951
-
142
-
-
-
951
-
142
-
-
-
-
-
-
42,338
-
41,387
142
-
29,886.00
30,028
71,273
29,886|
|---|---|---|
||20,727
-
-||
||-
-
17,091
-
4,000
587
-
-||
||21,678
-
-||
||||
||951
-
-
-||
||-
-
-||
||951
-
-
-||
||-
-
-||
||951
-
-
-||
||-
-
-
-
-
-
-
-
42,338
-
-||
||41,387
-
-||
||29,886
-
-||
||71,273
-
-||
Charity No 1156615 Company No
Stile Antico Foundation
## **Section B Balance sheet**
|**Section B Balance**|**sheet**|
|---|---|
|Guidance Note
**Fixed assets**
**Intangible assets (Note 15)**
B01
**Tangible assets (Note 14)**
B02
**Heritage assets (Note 16)**
B03
**Investments (Note 17)**
B04
**_Total fixed assets_**
B05
**Current assets**
**Stocks (Note 18)**
B06
**Debtors (Note 19)**
B07
**Investments (Note 17.4)**
B08
**Cash at bank and in hand (Note 24)**
B09
**_Total current assets_**
B10
**Creditors: amounts falling due within**
**one year (Note 20)**
B11
**_Net current assets/(liabilities)_**
B12
**_Total assets less current liabilities_**
B13
**Creditors: amounts falling due after**
**one year (Note 20)**
B14
**Provisions for liabilities**
B15
**_Total net assets or liabilities_**
B16
**Funds of the Charity**
**Endowment funds (Note 27)**
B17
**Restricted income funds (Note 27)**
B18
**Designated Funds (Note 27)**
**Unrestricted funds**
B19
**Revaluation reserve**
B20
**Fair value reserve**
B21
**_Total funds_**
B22|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total this**
**year**
**Total last**
**year**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
- - - -
-|
||-
-
-
-
-|
||-
-
-
-
220
- 220 4,001
-
-
71,053
-
71,053 70,509|
||71,273 -
-
71,273
74,510|
||-
- - 150|
||71,273 -
-
71,273
74,360|
|||
||71,273 -
**-**
71,273
74,360|
||- - - -
-
-
-
-
-
-|
||71,273 - - 71,273
74,360|
||-
-
30,233
30,233
19,925
19,925
52,445
21,115
- 21,115
22,065
-|
||71,273 -
-
71,273
74,510|
_**The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies.**_
_**The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.**_
_**The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.**_
_**These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.**_
|Signature of director authenticating accounts being sent to
Companies House
Signed by one or two trustees/directors on behalf of all the
trustees/directors|Date of
approval
dd/mm/yyyy
05/02/2022
Date
dd/mm/yyyy
05/02/2022
**Print name**
S PAETKE
Signature
C KASOLOWSKY
Print Name|
|---|---|
CC17a (Excel)
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## **Section C Notes to the accounts**
Note 1 **Basis of preparation**
_**This section should be completed by all charities** ._
**1.1 Basis of accounting** These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with: the Statement of Recommended Practice: Accounting and Reporting by Charities • and with* preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 • and with* the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) • and with the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102.* ☑
* -Tick as appropriate **1.2 Going concern**
## _**If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:**_
**----- Start of picture text -----**
An explanation as to those factors that
support the conclusion that the charity is a
going concern;
Disclosure of any uncertainties that make the
going concern assumption doubtful;
Where accounts are not prepared on a going
concern basis, please disclose this fact
together with the basis on which the trustees
prepared the accounts and the reason why
the charity is not regarded as a going
concern.
1.3 Change of accounting policy
The accounts present a true and fair view and no changes have been made to the accounting policies adopted in
note { }.
Yes*
* -Tick as appropriate
No*
Please disclose:
(i) the nature of the change in accounting policy;
(ii) the reasons why applying the new accounting policy
provides more reliable and more relevant information;
and
(iii) the amount of the adjustment for each line affected
in the current period, each prior period presented and
the aggregate amount of the adjustment relating to
periods before those presented, 3.44 FRS102 SORP.
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**----- Start of picture text -----**
1.4 Changes to accounting estimates
No changes to accounting estimates have occurred in the reporting period (3.46 FRS102 SORP).
Yes*
* -Tick as appropriate
No*
Please disclose:
(i) the nature of any changes;
(ii) the effect of the change on income and expense or
assets and liabilities for the current period; and
(iii) where practicable, the effect of the change in one or
more future periods.
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|Yes*
No*
**_(iii) the amount_**
**_earliest prior p_**
No material prio
**_Please disclose_**
**_(i) the nature of_**
**_(ii) for each pri_**
**_amount of the_**
**_affected; and_**
**1.5 Material pri**|r year erro
**or year e**|r have been identified in the reporting period (3.47 FRS102 SORP).
**rrors**|
|---|---|---|
||
|
* -Tick as appropriate|
||**_of the co_**
**_eriod pre_**
**_:_**
**_the prio_**
**_or period_**
**_correctio_**|**_rrection at the beginning of the_**
**_sented in the accounts._**
**_r period error;_**
**_presented in the accounts, the_**
**_n for each account line item_**|
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## **Section C Notes to the accounts (cont)**
## **Note 2 Accounting policies**
_**This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or additional policy has been adopted then this is detailed in the box below.**_
## **2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE**
**Please provide a description of the nature of each change in accounting policy**
## _**Reconciliation of funds per previous GAAP to funds determined under FRS 102**_
**Start of End of period period £ £**
**Fund balances as previously stated** _**Adjustments:**_
## **Fund balance as restated**
_**Reconciliation of net income/(net expenditure) per previous GAAP to net income/(net expenditure) under FRS 102**_
**End of £ Net income/(expenditure) as previously stated** _**Adjustments:**_
**Previous period net income/(expenditure) as restated**
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**Section C Notes to the accounts (cont)**
## **Note 2 Accounting policies 2.2 INCOME**
**Recognition of income** These are included in the Statement of Financial Activities (SoFA) when: the charity becomes entitled to the resources; it is more likely than not that the trustees will receive the resources; the monetary value can be measured with sufficient reliability.
There has been no offsetting of assets and liabilities, or income and expenses, unless **Offsetting** required or permitted by the FRS 102 SORP or FRS 102. Grants and donations are only included in the SoFA when the general income **Grants and donations** recognition criteria are met (5.10 to 5.12 FRS102 SORP). In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met (5.16 FRS 102 SORP). Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets **Legacies** in the estate and any conditions attached to the legacy are either within the control of the charity or have been met. **Government grants** The charity has received government grants in the reporting period Gift Aid receivable is included in income when there is a valid declaration from the **Tax reclaims on** donor. Any Gift Aid amount recovered on a donation is considered to be part of that **donations and gifts** gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. **Contractual income and** This is only included in the SoFA once the charity has provided the related goods or **performance related** services or met the performance related conditions. **grants** Donated goods are measured at fair value (the amount for which the asset could be **Donated goods** exchanged) unless impractical to do so. The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt and they are recognised on receipt. In the reporting period in which the stocks are distributed, they are recognised as an expense at the carrying amount of the stocks at distribution. Donated goods for resale are measured at fair value on initial recognition, which is the expected proceeds from sale less the expected costs of sale, and recognised in 'Income from other trading activities' with the corresponding stock recognised in the balance sheet. On its sale the value of stock is charged against 'Income from other trading activities' and the proceeds from sale are also recognised as 'Income from other trading activities'.
Goods donated for on-going use by the charity are recognised as tangible fixed assets and included in the SoFA as incoming resources when receivable. Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable.
**Donated services and** Donated services and facilities are included in the SOFA when received at the value of **facilities** the gift to the charity provided the value of the gift can be measured reliably.
Donated services and facilities that are consumed immediately are recognised as
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Yes* No* N/a*
Yes* No* N/a*
Yes* No* N/a*
Yes* No* N/a*
Yes* No* N/a*
Yes* No* N/a*
Yes* No* N/a*
Yes* No* N/a*
Yes* No* N/a*
Yes* No* N/a*
Yes* No* N/a*
Yes* No* N/a*
Yes* No* N/a*
Yes* No* N/a*
Yes* No* N/a*
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i ith i l t t i d d th i t
CC17 FRS 102 SORP
04/02/2022
5
income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA.
The charity has incurred expenditure on support costs.
## **Support costs**
The value of any voluntary help received is not included in the accounts but is **Volunteer help** described in the trustees’ annual report.
**Income from interest,** This is included in the accounts when receipt is probable and the amount receivable **royalties and dividends** can be measured reliably.
**Income from membership** Membership subscriptions received in the nature of a gift are recognised in Donations **subscriptions** and Legacies.
Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities.
Insurance claims are only included in the SoFA when the general income recognition **Settlement of insurance** criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other **claims** income in the SoFA.
This includes any realised or unrealised gains or losses on the sale of investments and **Investment gains and** any gain or loss resulting from revaluing investments to market value at the end of the **losses** year.
## **2.3 EXPENDITURE AND LIABILITIES**
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
## **Liability recognition**
**Governance and support** Support costs have been allocated between governance costs and other support. **costs** Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
**Grants with performance** Where the charity gives a grant with conditions for its payment being a specific level of **conditions** service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output.
**Grants payable without** Where there are no conditions attaching to the grant that enables the donor charity to **performance conditions** realistically avoid the commitment, a liability for the full funding obligation must be recognised.
The charity made no redundancy payments during the reporting period.
## **Redundancy cost**
**Deferred income** No material item of deferred income has been included in the accounts.
The charity has creditors which are measured at settlement amounts less any trade discounts
## **Creditors**
A liability is measured on recognition at its historical cost and then subsequently **Provisions for liabilities** measured at the best estimate of the amount required to settle the obligation at the reporting date
The charity accounts for basic financial instruments on initial recognition as per **Basic financial** paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 **instruments** to 11.19, FRS102 SORP.
## **2.4 ASSETS**
**Tangible fixed assets for** These are capitalised if they can be used for more than one year, and cost at least **use by charity**
They are valued at cost.
**----- Start of picture text -----**
Yes* No* N/a*
Yes* No* N/a*
Yes* No* N/a*
Yes* No* N/a*
Yes* No* N/a*
Yes* No* N/a*
Yes* No* N/a*
Yes* No* N/a*
Yes* No* N/a*
Yes* No* N/a*
Yes* No* N/a*
Yes* No* N/a*
Yes* No* N/a*
Yes* No* N/a*
Yes* No* N/a*
Yes* No* N/a*
Yes* No* N/a*
Yes* No* N/a*
**----- End of picture text -----**
The depreciation rates and methods used are disclosed in note 14.
CC17 FRS 102 SORP
04/02/2022
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**----- Start of picture text -----**
The charity has intangible fixed assets, that is, non-monetary assets that do not have
physical substance but are identifiable and are controlled by the charity through Yes* No* N/a*
Intangible fixed assets
custody or legal rights. The amortisation rates and methods used are disclosed in note
15.
Yes* No* N/a*
They are valued at cost.
The charity has heritage assets, that is, non-monetary assets with historic, artistic,
Yes* No* N/a*
scientific, technological, geophysical or environmental qualities that are held and
Heritage assets maintained principally for their contribution to knowledge and culture. The depreciation
rates and methods used as disclosed in note 16.
Yes* No* N/a*
They are valued at cost.
Fixed asset investments in quoted shares, traded bonds and similar investments are
Investments valued at initially at cost and subsequently at fair value (their market value) at the year Yes* No* N/a*
end. The same treatment is applied to unlisted investments unless fair value cannot
be measured reliably in which case it is measured at cost less impairment.
Investments held for resale or pending their sale and cash and cash equivalents with a Yes* No* N/a*
maturity date of less than 1 year are treated as current asset investments
Stocks and work in Stocks held for sale as part of non-charitable trade are measured at the lower or cost Yes* No* N/a*
progress or net realisable value.
Goods or services provided as part of a charitable activity are measured at net Yes* No* N/a*
realisable value based on the service potential provided by items of stock.
Work in progress is valued at cost less any foreseeable loss that is likely to occur on Yes* No* N/a*
the contract.
Debtors (including trade debtors and loans receivable) are measured on initial
recognition at settlement amount after any trade discounts or amount advanced by the Yes* No* N/a*
Debtors
charity. Subsequently, they are measured at the cash or other consideration expected
to be received.
The charity has investments which it holds for resale or pending their sale and cash
Yes* No* N/a*
Current asset and cash equivalents with a maturity date less than one year. These include cash on
investments deposit and cash equivalents with a maturity of loss than one year held for investment
purposes rather than to meet short-term cash commitments as they fall due.
Yes* No* N/a*
They are valued at fair value except where they qualify as basic financial instruments.
**----- End of picture text -----**
**POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE**
**The charity has been using accrual accounting for some time. An error occurred when net funds (net of designation and net of restriction) was reported as funds brought forwarded. This has now been adjusted to ensure that Net Assets are equal to funds brought forward. The balancing figure reflected on the SOFA in item S21. This is a material adjustment of £42,388 which does not impact the underlying the financial health of SAF.**
CC17 FRS 102 SORP
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**Section C Notes to the accounts (cont)**
## **Note 3 Income**
**----- Start of picture text -----**
Restricted
Unrestricted income Endowment
Analysis of income funds funds funds Total funds Prior year
£ £
Donations Donations and Gift Aid 19,679 - 19,679 32,045
and legacies: Recording Fund Gift Aid 1 - 1,988
Recording Fund Gift Aid 2 - 1,063
Friends Donations/Donations into CAF Bank
- 13,286
CAF Donations - 5,009
CAF Donations Gift Aid - 1,630
SAF Gift Aid due - - 1,733
Donations Re-added - - 150
Newsletter reversal 750 - 750
Away Day Reversal 298 - 298
- -
- - -
Total 20,727 - - 20,727 56,904
Charitable
activities: - - -
- - -
-
-
-
-
- - -
- - -
Total - - - - -
Other trading
activities: - - - - -
- - - - -
- - - - -
Other - - - - -
Total - - - - -
Income from - - -
investments: - - - -
- - - -
- - - -
Total - - - - -
Separate - - -
material item - - - -
of income - - - -
- - - - -
Total - - - - -
Other: Conversion of endowment funds into income
- - - - -
Gain on disposal of a tangible fixed asset held
for charity's own use - - - - -
Gain on disposal of a programme related
investment - - - - -
Royalties from the exploitation of intellectual
property rights - - - - -
Other - - - - -
Total - - - - -
TOTAL INCOME 20,727 - - 20,727 56,904
Other information:
All income in the prior year was unrestricted except for:
(please provide description and amounts)
Where any endowment fund is converted into income in the
reporting period, please give the reason for the conversion.
Within the income items above the following items are
material: (please disclose the nature, amount and any prior
year amounts)
Where sums originally denominated in foreign currency have
been included in income, explain the basis on which those
sums have been translated into sterling (or the currency in
which the accounts are drawn up).
**----- End of picture text -----**
CC17a (Excel)
04/02/2022
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## **Section C Notes to the accounts (cont)**
|**Separate material**
**item of expense**
**Note 6**
**Expenditure on**
**raising funds:**
**Other information**
**TOTAL EXPENDIT**
**Expenditure on**
**charitable**
**activities**
**Other**|Advertising, marketing, direct mail and
publicity
**Expenditure**
**Analysis of expenditure**
Incurred seeking grants|Advertising, marketing, direct mail and
publicity
**Expenditure**
**Analysis of expenditure**
Incurred seeking grants|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**
-
-
-
-
-
-
-
-
-
- 830
-
-
-
-|
|---|---|---|---|
|||||
||**Total expenditure on raising funds**||- -
- - 830|
||||-
-
- 1,660
- 550
- 155
- 5,845
- 6,850
2,700
816
2,400
2,675
5,000
1,500
2,000
-
-
-|
|||||
||Away Day|||
||Youth Consort and
bursary|||
||Songs of Longing &
Exile Adjustment|||
||Songs of Longing|||
||Mayflower|||
||Grant: Spring 2021 Lecture
Christmas 2020 Venue Hire
Stile on Sundays Lecture Se
Stile on Spring Lecture Und
Recording Fund
Dartington 2021
Mayflower Film|Expenses||
|||||
|||ries Grant||
|||erwrite||
|||||
|||||
|||||
|||||
|||||
||**Total expenditure on c**|**haritable**|17,091
-
-
- 15,060|
||||-
-
-
-
4,000
-
- 4,000
6,000
-
-
- 35,096
-
-
-
-
-|
||
**Other**
Increase Reserve
Restrict Recording Fund|||
||**Total other expenditure**
**:**
**URE**
Bank Charges
**Total**
Gift Aid adjustment||4,000
-
-4,000
41,096|
||||69
-
- 69
60
518
-
- 518
-
-
-
-
-
-
-
-
-
-
-|
||||587
-
- 587
60|
|||||
||||21,678
-
-
587
15,950|
|||||
## **Analysis of expenditure on charitable activities**
**----- Start of picture text -----**
Grant
Activity or Support Total this Total
programme Activities undertaken directly funding of activities Costs year prior year
£ £ £ £ £
Total -
Prior year expenditure on charitable activities
Within the expenditure items above the
**----- End of picture text -----**
**Where sums originally denominated in**
CC17a (Excel)
04/02/2022
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## **Section C Notes to the accounts (cont)**
## **Note 13 Grantmaking**
_**Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.**_
## **13.1 Analysis of grants paid (included in cost of charitable activities)**
**----- Start of picture text -----**
Grants to Grants to
Analysis institutions individuals Support costs Total
£ £
- -
- [ - ]
Total - - - -
**----- End of picture text -----**
## _**Please enter “Nil” if the charity does not identify and/or allocate support costs.**_
## **13.2 Grants made to institutions**
|**13.2 Grants made to institutions**||
|---|---|
|**_Yes_**
**_No_**
**_TOTAL GRANTS PAID_**
**_Other unanalysed grants_**
**_Total grants to institutions in reporting period_**
Recording Fund Gift Aid 1
Recording Fund Gift Aid 2
Recording Fund Donations
Mayflower
Annual Youth Consort
Away Day
**Purpose**
**Names of institution**
**_My charity has made grants to particular institutions that are material in the context of its grantmaking._**
**_Details of the institution supported, purpose of the grant and total paid to each institution is available on_**
**_the charity's web site._**|**_Please provide_**
**_details of charity's_**
**_URL._**
**_Provide details_**
**_below_**
**Total amount of**
**grants paid £**
-
-|
||**-**|
||-
-|
CC17a (Excel)
04/02/2022
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## **Section C Notes to the accounts (cont)**
## **Note 19 Debtors and prepayments**
## _**Please complete this note if the charity has any debtors or prepayments.**_
## **19.1 Analysis of debtors**
|**Total**
**Trade debtors**
**Prepayments and accrued income**
**Other debtors**|**This year**
**Last year**
**£**
**£**
220.0 4,001.3|
|---|---|
||220.0 4,001.3|
## _**Complete 19.2 where a material debtor is recoverable more than a year after the reporting date.**_
## **19.2 Disclosure of debtors recoverable in more than 1 year (included in debtors above)**
|**Total**
**Trade debtors**
**Prepayments and accrued income**
**Other debtors**|**This year**
**Last year**
**£**
**£**
-
-
-
-
-
-|
|---|---|
||-
-|
CC17a (Excel)
04/02/2022
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## **Section C Notes to the accounts (cont)**
## **Note 20 Creditors and accruals**
## _**Please complete this note if the charity has any creditors or accruals.**_
## **20.1 Analysis of creditors**
|**Accruals for grants payable**
**Bank loans and overdrafts**
**Trade creditors**
**Payments received on account for contracts**
**or performance-related grants**
**Accruals and deferred income**
**Taxation and social security**
**Other creditors**
**Total**|**This year**
**Last year**
**This year**
**Last year**
**£**
**£**
**£**
**£**
-
-
- - -
-
-
-
- - -
-
- -
-
- - -
-
-
-
**Amounts falling due**
**within one year**
**Amounts falling due after**
**more than one year**|
|---|---|
||-
-
-
-|
## **20.2 Deferred income**
_**Please complete this note if the charity has deferred income.**_
## _**Please explain the reasons why income is deferred.**_
_**Movement in deferred income account**_ **Balance at the start of the reporting period Amounts added in current period Amounts released to income from previous periods Balance at the end of the reporting period**
||**This year**|**This year**|**Last year**|**Last year**||
|---|---|---|---|---|---|
||**£**||**£**|||
|||-|
|-||
|||-|
|-||
|||-|
|-||
|||-|
|-||
CC17a (Excel)
04/02/2022
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## **Section C Notes to the accounts (cont)**
|**Other**
**Short term deposits**
**Cash at bank and on hand**
**Total**
**Note 24 Cash at bank and in hand**
**Short term cash investments (less than 3 months maturity date)**|**This year**
**Last year**
**£**
**£**
-
-
-
-
71,053 70,509
-
-|
|---|---|
||71,053 70,509|
CC17a (Excel)
04/02/2022
13
**Section C Notes to the accounts (cont)**
## **Note 27 Charity funds**
## **27.1 Details of material funds held and movements during the CURRENT reporting period**
_**Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds' (which should include revaluation reserve and fair value reserve, if applicable). The 'Total funds' figure below should reconcile to 'Total funds' in the balance sheet.**_
## _*** Key: PE - permanent endowment funds; EE - expendable endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds**_
**----- Start of picture text -----**
Fund Fund
balances balances
Type PE, EE Purpose and Restrictions brought Gains and carried
R or UR *
forward Income Expenditure Transfers losses forward
Fund names £ £ £ £ £ £
Recording Fund Designated fund 5,000 - 5,000 -
Grant: Spring Lectures Designated fund 2,700 2,700
Grant: Spring Lectures Underwrite Designated fund 2,675 2,675
Grant Bursary: Fount and Origin UR Designated fund 1,000 - 500 500
Newsletter UR Designated fund 1,000 - 1,000 -
Grant: Songs of Longing UR Designated fund - 1,350 1,350
Reserve UR Designated fund 6,000 4,000 10,000
Annual Youth Consort UR Designated fund 1,200 1,200
Grant: Dartington: 2021 UR Designated fund 1,500 1,500
Recording Fund Donations R Restricted for Recording fund 32,045 8,533 - 15,000 25,579
Recording Fund Gift Aid 1 R Restricted for Recording fund 1,988 1,603 3,592
Recording Fund Gift Aid 2 R Restricted for Recording fund 1,063 1,063
Other funds (balancing figure) N/a N/a - -
Total Funds as per balance sheet 49,296 22,362 - 21,500 - - 50,158
Yes* No*
Fund balances carried forward include assets and liabilities denominated in a foreign currency
If yes, please state the basis on which the assets and/or liabilities have been translated into sterling (or the
currency in which the accounts are drawn up).
**----- End of picture text -----**
CC17a (Excel)
04/02/2022
14