FINCHLEY CHILDREN'S MUSIC GROUP
Registered Charity number 1160096
TRUSTEES, REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2024
INDEX
PAGE
TRUSTEES, REPORT
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF
FINCHLEY CHILDREN'S MUSIC GROUP
STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR
ENDED 31 AUGUST 2024
BALANCE SHEET AT 31 AUGUST 2024
io
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024
li

FINCHLEY CHILDREN'S MUSIC GROUP
GENERAL INFORMATION
Address:
76 St James's Lane
Muswell Hill
London
NIO 3RD
Independent Auditors:
Leapman Weiss- Chartered Accountants
Unit 6
30 Friern Park
London
N12 9DA
Bankers:
CAF Bank Limited
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4Ja
CCLA Investment Management Limited
85 Queen Victoria Street
London
EC4V 4ET

FINCHLEY CHILDREN'S MUSIC GROUP
TRUSTEES, REPORT
The trustees present their report and audited financial statements for the year ended 31 August
2024.
Description of Group
Finchley Children's Music Group {'The Group,) is a Charitable Incorporated Organisation {ClOI
governed by a constitution adopted on 22 January 2015 and entered into the Register of Charities on
that date with the registered charity number 1160096.
The management of the Group is undertaken by a Board of Trustees consisting of a Chair, Secretary,
Treasurer and between one and nine other members. The trustees are elected by and out of the
Group's members at the Annual General Meeting.
Objective5 and activitles
The principal objective of the Group is to promote education in and appreciation of the art and
science of music by the presentation of concerts and recitals.
Achievements and performances
During 2023-24 the Group performed in many concerts, recordings and broadcasts involving singers
from all the choirs in the Group. In addition to FCMG'S own concerts the choirs performed in a number
of external events.
The Intermediate Choir singers were invited to take part in 'Girlguiding celebrates, at the ODEON Luxe
cinema in Leicester Square. It was a red-carpet event, supporting celebrations for Girlguiding
volunteers that had achieved special awards for their volunteering work.
A group of our Intermediate and Senior Choir singers joined the Aurora Orchestra to record two new
commissions for 'Aurora Classroom,, which offers a library of music resource5 aimed to support
exciting music-making in primary schools.
The older singers in Senior and Chamber Choirs shared a joint concert with Finchley Choral Society in
the spring and they showcased their amazing musicianship in the Late Spring concert with several
solos and ensembles.
Intermediate Choirjoined Genesis Sixteen for a workshop at the Sounds Sublime Festival in Stjames,
singing in a massed junior choir as well as showcasing their own work.
The Summer School residential week was a production of the Gondoliers, fully staged in just a week
with plenty of comedy and professional performances.
For the tenth anniversary of BBC Ten Pieces the focus was on female comp05ers through the ages. A
small group of Senior Choir singers filmed Magic from Judith Weir's new composition Storm, at
Alexandra Palace Theatre with members of the BBC Concert Orchestra and the BBC Singers.
A highlight of the year wa5 our celebration of 65 years. We held a celebratory day, inviting alumni and
parents of current singers to join a Come & Sing of Faure Requiem with Senior and Chamber Choirs,
learning from scratch and a lunch to catch up, before performing the full piece. This was swiftlv
followed with a concert of the younger choirs, Intermediate Choir and Beginner Choir and with singers

FINCHLEY CHILDREN'S MUSIC GROUP
from Dots performing for the first time with the Group. It was particularly special to see such a variety
of different aged singers performing through the afternoon.
The Group had a very successful fundraising initiative through the Big Give Arts for Impact campaign
in March 2024 to raise money for the provision of musicianship tuition. This provides support to
singers in Intermediate Choir a nd for some older singers, to develop their musicianship and singing
skills. We were also very thankful for the support of the Loder Family Charitable Trust for their
contribution to the bursary fund to support singers who might otherwise be unable to participate. We
are particularly grateful to the Tioc Foundation, whose donation made our 65th Anniversary
Celebration possible.
Future Plans
We are looking forward to a number of upcoming events, including recording with Aurora Orchestra,
performing for the KIDS charity for disabled children for their Christmas concert, and to a recording
with the London Philharmonic Orchestra of Prokofiev Winter Bonfire,
Financial Review
The Group incurred a surplus on the General Fund of £4,204 {2023-. surplus £10,775} and a surplu5 of
£1,14112023: surplus £4,441) on the Restricted and Designated Fund which includes expenditure of
£5,44812023: £2,586) on bursaries for membership and for the residential Summer School.
The trustees aim to maintain reserves at a level which provides for foreseeable expenditure and any
significant fluctuations in receipts. Reserves were previously built up in anticipation of the 50th
anniversary celebrations and were subsequently drawn down,. similarly, the trustees took steps to
increase reserves to allow for projects, in particular recordings and commissions, to mark the Group's
60th anniversary. We are now planning towards requirements for 70th and 75th anniversarie5.
At 31st August 2024, the level of free reserves was £51,50812023'. £51,735).
Public benefit
The Group believes that singing and musical education is of benefit to all children and should not be
denied to those with low income. Funds are provided by donation and by fundraising specifically for
the purpose, as well as from the Group's funds. During the year, the Group enabled sixteen children
to be member5 of the choirs through bursaries of 33-80% reduced fees and supported eight places at
up to 50% cost for the residential Summer School.
Trustees
The trustee5 who Served during the year were:
Theresa Ward (Chairl
Spyridoula Kalodiki (Treasurer)
Paul Guenault (Secretary)
Sarah Phillips
Judith lacovou
Michael Brookes
Polly Richards (to 31 August 2024)
Julian Saipe (to 15 November 20241
Kunal Dutta (from 19 May 20241

FINCHLEY CHILDREN'S MUSIC GROUP
The trustees declare that they have approved the trustees, report set out on pages three and four
above.
Signed on behalf of all the trustees.
Theresa Ward
Chair
Spyridoula Kalodiki
Treasurer
Date:
15. 0<. 2OJS

FINCHLEY CHILDREN'S MUSIC GROUP
INDEPENDENT AUDITORS, REPORTTO THE TRUSTEES OF FINCHLEY
CHILDREN'S MUSIC GROUP
Opinion
We have audited the financial statements of Finchley Children'5 Music Group (the 'charity'l for the
vear ended 31st August 2024 which comprise the Statement of Financial Activities, the Balance Sheet
and the related notes. The financial reporting framework that has been applied in their preparation is
applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102
The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom
Generally Accepted Accounting Practice).
In our opinion, the financial statements:
st
'give a true and fair view of the state of the charity's affairs as at 31 August 2024, and of its
incoming resource5 and application of resources, for the year then ended,.
•have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice- and
•have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and
applicable law. Our responsibilities under those standards are further described in the Auditorfs
responsibilities for the audit of the financial statements section of our report. We are independent of
the charity in accordance with the ethical req uirements that are relevant to our audit of the financial
statement5 in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern
basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to
events or conditions that, individually or collectively, may cast significant doubt on the group and
parent charity's ability to continue as a going concern for a period of at least 12 month5 from when
the f inancia I statements are authorised for issue.
Our responsibilities and the responsibilities of the trustee5 Wlth respect to going concern are
described in the relevant sections of this report.
Other information
The other information comprises the information included in the annual report, other than the
financial statements and our auditorfs report thereon. The trustees are responsible for the other
information. Our opinion on the financial statements does not cover the other information and we do
not express any form of assurance conclusion thereon. In connection with our audit of the financial
statements, our responsibility is to read the other information and, in doing so, consider whether the

FINCHLEY CHILDREN'S MUSIC GROUP
other information 15 materially incon5iStent with the financial statements or our knowledge obtained
in the audit or otherwise appears to be materially misstated. If we identify such material
inconsistencies or apparent material misstatements, we are required to determine whether there is a
material misstatement in the financial statements or a material misstatement of the other
information. If, based on the work we have performed, we conclude that there is a material
misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Charities (Accounts and
Reports) Regulations 2008 requires us to report to you if, in our opinion:
•the information given in the financial statements is inconsistent in any material respect with the
trustees, report.
•sufficient accounting records have not been kept;
•the financial statements are not in agreement with the accounting record5 and returns; or
•we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
The trustees are responsible for the preparation of financial Statements which give a true and fair
view, and for such internal control as the trustees determine is necessary to enable the preparation
of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to
continue a5 a going concern, disclosing. as applicable, matters related to going concern and using the
going concern basis of accounting unless the trustees either intend to liquidate the company or to
cease operations, or have no realistic alternative but to do so.
Auditorfs responslbilities for the audit of the financial statements
We have been appointed as auditor under the Charities Act 2011 and report in accordance with
regulations made under the Act and relevant regulation5 made or having effect thereunder. Our
objectives are to obtain reasonable assurance about whether the financial statements as a whole are
free from material mi55tatement, whether due to fraud or error, and to issue an auditorfs report that
includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an
audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it
exists. Misstatements can arise from fraud or error and are considered material if, individually or in
the aggregate, they could reasonably be expected to influence the economic decisions of users taken
on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed
below:
We identified areas of laws and regulations that could reasonably be expected to have a material
effect on the financial statements from our sector experience through discussion with the Trustees
and other management {as required by auditing standards).

FINCHLEY CHILDREN'S MUSIC GROUP
• We had regard to laws and regulation5 in areas that directly affect the financlal statements.
• We considered the extent of compliance w¢th those laws and regulations as part of our procedu
on the related financial statement items.
With the exception of any known or possible non-compliance. and as reqUI￿d by auditing
standards, our work in respect of these was limited to enquiry of the Trustees.
We communicated identified laws and regulations and remained alert to any
indications of non-compliance throughout the audit.
We addressed the risk of fraud through management override of controls, by considering the
internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations
and testin8 the appropriateness of journal entries and other adjustments.
A further description of our responsibilities for the audit of the financial statements is located on the
Financial Reporting Counciys webslte at. www.frc.o
auditorsres
onsibilitie5. This description
forms part of our auditorfs report.
Use of our report
This report is made solely to the charivs trustees, as a body. in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2(X)8. Our audit work has been undertaken so that we might state
to the charity's trustee5 those matters we are required to state to them in an Audltors, report and for
no other purpose. To the fvllest extent permitted by law, we do not accept or assume responsibility
to anyone other than the charity and its trustees, as a body, for our audlt work, for this report, or for
the opinions we have formed.
Peter Weiss BSC, MSC, FCA (Senior Statutory Auditor)
for and on behalf of Leapman Weiss- Statutory Auditof Chartered Accountants.
Unit 6, 30 Friem Park, London, N12 9DA
Date:
15. 05. 2025

FINCHLEY CHILDREN'S MUSIC GROUP
STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31 AUGUST 2024
Restricted
General Designated
Fund
Funds
2024
Total
2023
Total
Income from charitable activities:
Subscriptions
Gift aid
Donations and fundraising
Royalties
Sundry income
65,407
11,507
318
179
12,658)
699
11,798
62,749
12,206
12,116
179
67,146
13,526
10,482
679
1,560
1,560
1,372
Total income
78,971
9,839
88,810 93,205
Expenditure on charitable activities:
Direct musical expenditure
Summer school {Note 31
Performances and recordings (Note 21
Music
3,197
{1,596)
3,146
8,998
33,292
2,790
3,941
5,987
2,345
3,146
8,998
35,259
1275)
{4,236)
2,267
9,855
37,672
Rehearsal c05ts- hire of hall and piano
Rehearsal costs.. fees to music staff
1,967
Direct charitable administration
Fees to administrator
Advertising and recruitment
Bank fees
Depreciation
Gifts
Insurance
Printing, postage, stationery, telephone
IT Cost
Sundry expenses
18,403
2,180
74
18,403
2.180
74
1,006
154
27,402
74
1,006
154
283
Iii
269
1,546
334
1,970
283
1,556
180
2,794
1,556
180
2,794
73,667
8,698
82,365
76,989
Governance costs
Audit
Total expenditure
1,100
74,767
1,100
83,465
1,000
77,989
8,698
Net income/{expenditure)
Gross transfers between funds
Net movement in funds
4,204
14,431)
(227)
1,141
4,431
5,572
5,345
15,216
5,345
15,216
Total funds brought forward
Total funds carried forward
There were no recoEni5ed gains or losses otherthan the result for the period.

FINCHLEY CHILDREN'S MUSIC GROUP
BALANCE SHEET AT 31 AUGUST 2024
Note
2024
2023
Fixed assets
Current assets
Stock
Debtors
Cash at bank and in hand
1,907
12,134
102 650
644
13,523
101643
116,691
115,810
Creditors; Amounts falling due
within one year
Net current assets
91,439
86,094
Total assets less current liabilities
91,439
86,094
Net assets
Funds of the Charity:
Unrestricted fund
Restricted funds
Designated funds
51,508
14,872
25,059
51,735
10.341
24,018
Total
Signed on behalf of the trustees:
Theresa Ward
Chair
Spyridoula Kalodiki
Treasurer
Date.. lf.of JDkJ-
10

FINCHLEY CHILDREN'S MUSIC GROUP
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024
Accounting policies
1.1 The accounts have been prepared on the historic cost basis, in accordance with
Accounting and Reporting by Charities- Statement of Recommended Practice ISORPI;
applicable accounting standards and the Charities Act 2011. The following paragraphs
describe the main accounting policies.
1.2 Income represents choir member5, subscriptions and surpluses from performances,
the Group's Summer School and other workshop5. These incoming resources are
included in the statement of financial activities when the Group becomes entitled to
the income, the trustees are virtually certain they will receive the income; and the
monetary value can be measured with sufficient reliability.
1.3 Lia bilities are recognised as soon as there is legal or constructive obligation
committing the Group to pay out resources.
1.4 Depreciation has been provided on tangible fixed a55ets at a rate calculated to write off
the cost of these assets, less any estimated residual value, over their estimated useful
lives.
1.5 Stocks are valued at the lower of cost or market value, after making due allowance for
slow moving items.
1.6 Unrestricted funds represent funds which are expendable at the discretion of the
trustees for the furtherance of the objects of the Group. Such funds may be held for the
purposes of meeting the administration and operational costs of the Group. Designated
funds represent unrestricted funds that the trustees have set aside for a particular
purpose. Restricted funds represent grants which are allocated by the donor for specific
purposes. Irrecoverable VAT is charged against the expenditure heading for which it was
incurred.
Performances and recordings
2024
2023
Income
Expenditure before project costs
Surpluslldeficit)
9,626
(11,9711
26,787
122,5511
Summer School
2024
2023
Income
Expenditure
Surplus/lDeficit)
43,109
149,0961
40,050
139,7751
275
li

FINCHLEY CHILDREN'S MUSIC GROUP
NOTESTO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2023 (cont.)
Net income
Net income for the year is arrived at after charging:
2024
2023
Audit fee
Fixed Assets
Office
equipment
Cost
As at I Sept 2023
Additions
Disposals
As at 31 August 2024
3,025
1,006
Depreciation
As at I Sept 2023
Charged in period
Disposals
As at 31 August 2024
3,025
1,006
Net book value
As at 31 August 2024
As at I Sept 2023
Stock
2024
2023
Choir uniforms
644
12

FINCHLEY CHILDREN'S MUSIC GROUP
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 (cont.)
Debtors
2024
2023
Gift Aid
11,825
210
13,414
109
Other debtors
Prepayments
99
Creditors: Amounts falling due within one year
2024
2023
Other creditor5
Accruals
293
920
24,959
28,796
Restricted and Designated Funds
Balance Incoming Outgoing
01.09.23
Transfer
from
General
fund
Balance
31.08.24
Big Give Fund - Restricted
TA Fund- Restricted
Recording Fund - Designated
Bursary Fund- Designated
Concerts Fund- Designated
6,555
3,786
15,000
4,018
5,000
6,498
1397)
11,570)
12,656
2,216
15,000
4,000
6,059
1,000
5,000
15,4491
13,941)
4,43 1
The Big Give Fund covers for a musicianship tutor who provides support to singers to develop their
musicianship and singing skills. The TA Fund covers for a teaching assistant post. The Recording Fund
has been set aside to allow completion of the recording and commissions, to mark the Group's 60th
anniversary. The Bursary Fund provides financial support to those singers who would otherwise be
unable to participate in the activities of the Group. The Concert Fund will cover future performances.
13