**REGISTERED CHARITY NUMBER: 1164536**
**REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 FOR SYMPHONY CONSORT**
Levicks Chartered Accountants and Business Advisers 61 London Road Maidstone Kent ME16 8TX
**SYMPHONY CONSORT**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022**
||Page|
|---|---|
|Report of the Trustees and Statement of Trustees’|1 to 4|
|Responsibilities||
|Independent Examiner’s Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Notes to the Financial Statements|8 to 12|
**SYMPHONY CONSORT**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2022**
The Trustees present their report with the financial statements of the Charity for the year ended 31 July 2022. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) (FRS 102) 'Accounting and Reporting by Charities' effective from 1 January 2019.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Charity number**
1164536
## **Principal address:**
43 Lea Hill Road Birmingham B20 2AS
## **Trustees:**
D Ariyo J S Thompson S A L Brown
## **Independent Examiner:**
Julie Griggs FCA Levicks Chartered Accountants and Business Advisers 61 London Road Maidstone Kent ME16 8TX
1
**SYMPHONY CONSORT**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2022**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The Charity is controlled by its governing document, a constitution adopted 17 June 2015 as amended on 29 October 2015.
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
To advance the Christian faith for the benefit of the public by such means as the trustees see fit.
Symphony consort is a charity that seeks to build platforms and create spaces so that together we can do more to better serve the community, culture and the church. Our presence intends to be a bridge that connects these elements.
Significant activities undertaken by the charity include Christian based events and initiatives, services for vulnerable adults and children.
## **ACHIEVEMENT AND PERFORMANCE Charitable activities**
## **Introduction**
In 2022, our organisation faced and overcame unique challenges, navigating the aftermath of the 2020 pandemic with a focus on recovery, innovation, and resilience. This report highlights our key initiatives and the adaptability we demonstrated in continuing to serve our communities effectively.
## **Symphony Schools: Bridging Educational Gaps**
Our Symphony Schools program was pivotal in addressing educational disparities. Providing free GCSE tuition to young, gifted Black boys, we aimed to reduce educational inequalities and nurture future leaders, responding proactively to the educational disruptions caused by the pandemic.
## **Symphony Records: Adapting to a New Musical Landscape**
With live performances halted, Symphony Records creatively adapted by transforming the Seth & A New Thing's tour into a digital album, 'Songs and Stories.' This not only kept the spirit of music alive but also connected us with a global audience, offering solace and inspiration in difficult times.
## **Symphony Festival: Promoting Unity and Connection**
Despite cancelled events, our commitment to the Tribe Festival, a part of the Symphony Festival planned for 2025 in Birmingham's City Centre, remained steadfast. This initiative symbolises our effort to unite diverse communities, fostering empowerment and a sense of belonging.
## **Symphony Books: Amplifying Diverse Voices**
Through Symphony Books, we amplified the voices of minority authors, contributing to the cultural diversity in literature. This initiative aligns with our commitment to fostering understanding and empathy through creative expression.
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**SYMPHONY CONSORT**
**REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2022**
## **Partnerships and Collaborations**
A significant aspect of our work in 2022 involved partnering with various organisations. We provided them with essential support in the form of advice, guidance, project management, and facilitation. These collaborations were instrumental in extending our reach and impact, allowing us to contribute to a broader spectrum of community needs and initiatives.
## **Overcoming Challenges**
Despite facing challenges such as a decline in volunteer engagement and financial strains, our organisation adapted and persisted. We remained committed to our mission, exploring new opportunities for growth and impact.
## **Financial Impact and Recovery**
The decrease in donations necessitated a reassessment of our fundraising strategies. We explored new avenues for support, ensuring the sustainability of our initiatives and the continuation of our impactful work.
## **Conclusion**
Reflecting on 2022, we are grateful for the support of our community and the resilience of our team. The challenges of the past year have not only tested but also strengthened our commitment to making a significant impact. Looking forward, we are excited about the potential for continued service, growth, and positive change.
## **FINANCIAL REVIEW**
## **Financial position**
The net surplus for the year ended 31 July 2022 was £776 compared to a net deficit of £7,611 for the year ended 31 July 2021. As at 31 July 2022 the charity’s net liabilities were £13,156 compared to net liabilities of £13,932 at 31 July 2021.
The conditions indicate the existence of some uncertainty which may cast doubt regarding the charity’s ability to continue as a going concern. The charity has the continued support of its trustees and is satisfied that its creditors at the balance sheet date will continue to accept deferral of amounts due to them.
3
**SYMPHONY CONSORT**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2022**
## **STATEMENT OF TRUSTEES RESPONSIBILITIES**
The Trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales, the Charities Act 2016, Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed require the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to
- presume that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2016, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **STATEMENT OF DISCLOSURES TO THE INDEPENDENT EXAMINER**
In so far as the Trustees are aware at the time of approving the Trustees’ annual report:
- There is no relevant information, being information needed by the independent examiner in connection with preparing their report, of which the independent examiner is unaware; and The Trustees having made enquiries of the relevant staff, have each taken all steps that he/she is obliged to take as a Trustee in order to make themselves aware of any relevant information and to establish that the independent examiner is aware of that information.
Approved by order of the board of Trustees on 5 January 2024 and signed on its behalf by:
James Thompson Trustee
Stefan Brown Trustee
Demi Ariyo Trustee
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**SYMPHONY CONSORT**
## **INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF SYMPHONY CONSORT FOR THE YEAR ENDED 31 JULY 2022**
I report on the accounts of Symphony Consort for the year ended 31 July 2022 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes set out on pages 6 to 12.
## _**Respective responsibilities of trustees and examiner**_
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Charities Act”) and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the Charities Act;
- to follow the procedures laid down in the general directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
to state whether particular matters have come to my attention.
## _**Basis of independent examiner’s statement**_
My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking of explanations the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
## _**Independent examiner’s statement – matters of concern identified**_
I have considered the adequacy of the disclosure in the financial statements concerning the charity’s ability to continue as a going concern. The charity made a surplus of £776 (2021 deficit of £7,611) for the year ended 31 July 2022 and has net liabilities of £13,156 (2021 net liabilities of £13,932) at the balance sheet date. These conditions indicate the existence of some uncertainty which may cast doubt regarding the charity’s ability to continue as a going concern. The financial statements do not include any adjustments that would result if the charity was unable to continue as a going concern.
In connection with my examination, no material matters, except that referred to in the above paragraph, have come to my attention which gives me cause to believe that in any material respect:
- the accounting records were not kept in accordance with section 130 of the Charities Act; or the accounts did not accord with the accounting records; or
- the accounts did 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 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.
## **J A GRIGGS FCA**
**LEVICKS Chartered Accounts and Business Advisers** 61 London Road Maidstone Kent ME16 8TX
11 January 2024
5
**SYMPHONY CONSORT**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2022**
|Unrestricted
funds
Notes
£
**INCOMING RESOURCES**
**Incoming resources from generated funds**
Voluntary income
**2**
18,278
**Other incoming resources**
**3**
1,961
**Total incoming resources**
20,239
**RESOURCES EXPENDED**
**Charitable activities**
**4**
16,658
**Governance costs**
**5**
1,080
**Other resources expended**
**6**
3,530
**Total resources expended**
21,268
**NET OUTGOING RESOURCES**
(1,029)
________
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
(24,234)
**Transfers between funds**
-
**TOTAL FUNDS CARRIED FORWARD**
(25,263)|Restricted
fund
£
24,642
-
24,642
22,837
-
-
22,837
1,805
________
10,302
-
12,107|31 July
2022
Total funds
£
42,920
1,961
44,881
39,495
1,080
3,530
44,105
776
________
(13,932)
-
(13,156)|31 July
2021
Total funds
£
50,897
24,367
75,264
66,870
1,500
14,505
82,875
(7,611)
________
(6,321)
-
(13,932)|
|---|---|---|---|
6
**SYMPHONY CONSORT**
## **BALANCE SHEET**
## **FOR THE YEAR ENDED 31 JULY 2022**
|Unrestricted
funds
Notes
£
**FIXED ASSETS**
Tangible assets
9
-
**CURRENT ASSETS**
Cash at bank
(12,131)
Debtors
10
1,446
(10,685)
**CREDITORS**
Amounts falling due within one year
11
(14,578)
**NET CURRENT ASSETS**
(25,263)
**TOTAL ASSETS LESS CURRENT LIABILITIES**
(25,263)
**NET ASSETS**
(25,263)
**FUNDS**
13
Unrestricted funds
(25,263)
Restricted funds
-
**TOTAL FUNDS**
(25,263)|31 July 2022
31 July 2021
Restricted
Total funds
Total funds
fund
£
£
£
-
-
1,500
12,107
(24)
(5,104)
-
1,446
12,994
12,107
1,422
7,890
-
(14,578)
(23,322)
12,107
(13,156)
(15,432)
-
(13,156)
(13,932)
12,107
(13,156)
(13,932)
-
(25,263)
(24,234)
12,107
12,107
10,302
12,107
(13,156)
(13,932)|
|---|---|
|||
|||
The financial statements were approved by the Board of Trustees on 5 January 2024 and were signed on its behalf by:
James Thompson Trustee
Stefan Brown Demi Ariyo Trustee Trustee
7
**SYMPHONY CONSORT**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022**
## **1. ACCOUNTING POLICIES**
## **Accounting framework**
The Charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019 and effective from 1 January 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK General Accepted Accounting Practice.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note below.
## **Incoming resources**
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
## **Resources expended**
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings 50% of cost Computer Equipment 50% of cost
## **Taxation**
The Charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the Charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
8
**SYMPHONY CONSORT**
## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 JULY 2022**
## **2. VOLUNTARY INCOME**
|**VOLUNTARY INCOME**|||
|---|---|---|
|Donations
Gift aid
Donations - Symphony Schools (restricted)|2022
£
(2,427)
20,705
24,642
42,920|2021
£
22,390
2,793
25,714|
|||50,897|
An adjustment of £10,201 has been made for debtors that should not have been brought forward from previous years, consequently donations were previously overstated.
## **3. OTHER INCOMING RESOURCES**
|Fundraising events|2022
£
1,961
1,961|2021
£
24,367
24,367|
|---|---|---|
The aggregate amount of trustee donations without restrictions to the charity amounts to £nil (2021: £nil).
The aggregate amount of trustee donations by trustees with restrictions to the charity amounts to £nil (2021: £nil).
## **4. CHARITABLE ACTIVITIES COSTS**
|Symphony
Unrestricted
Schools
£
£
Consultancy
-
1,350
Staff and volunteer costs
12,000
-
Programme Activity Costs
10,837
15,308
22,837
16,658|Totals
£
1,350
12,000
26,145|
|---|---|
||39,495|
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**SYMPHONY CONSORT**
## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 JULY 2022**
## **5. GOVERNANCE COSTS**
|Accountancy fee
Independent Examiner’s fee|2022
£
540
540
1,080|2021
£
960
540|
|---|---|---|
|||1,500|
## **6. OTHER RESOURCES EXPENDED**
|Insurance, utilities, etc
Telephone
Advertising
Bank charges
Office costs
Bookkeeping
Depreciation
Other expenditure|2022
£
2,950
(2,257)
756
888
(307)
-
1,500
-
3,530|2021
£
1,770
4,808
2,893
709
1,530
1,240
1,500
55
14,505|
|---|---|---|
An adjustment of £9,825 has been made for creditors that should not have been brought forward from previous years, consequently programme activity costs, telephone and office costs were previously overstated.
## **7. TRUSTEES' REMUNERATION AND BENEFITS**
## **Trustees’ expenses**
There were no trustee expenses or remuneration during the year.
10
**SYMPHONY CONSORT**
## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 JULY 2022**
## **8. STAFF COSTS**
There were no staff costs during the year.
## **9. TANGIBLE FIXED ASSETS**
|**COST OR VALUATION**
At 1 August 2021
Additions
At 31 July 2022
**DEPRECIATION**
At 1 August 2021
Charge for year
At 31 July 2022
**NET BOOK VALUE**
At 31 July 2022
At 31 July 2021
**10.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
Gift aid
Other debtors
**11**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade Creditors
Other creditors|Fixtures
& fittings
£
1,804
-
1,804
1,804
-
1,804
-
-|Computer
equipment
£
3,000
-
3,000
1,500
1,500
3,000
-
1,500
2022
£
-
1,446
-
______
1,446
2022
£
10,498
4,080
______
14,578||Totals
£
4,804
-|
|---|---|---|---|---|
|||||4,804
3,304
1,500|
|||||4,804
-
1,500
2021
£
8,468
2,793
1,733
_____
12,994|
|||||2021
£
20,322
3,000
_____
23,322|
11
**SYMPHONY CONSORT**
## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 JULY 2022**
## **12. RELATED PARTY TRANSACTIONS**
There were no related party transactions for the year ended 31 July 2022.
## **13. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
**Restricted funds**
Restricted fund
**TOTAL FUNDS**
Net movement in funds, included in the above ar
**Unrestricted funds**
General fund
**Restricted funds**
Restricted fund
**TOTAL FUNDS**|Net
movement in
1 August
2021
funds
£
£
(24,234)
(1,029)
(24,234)
(1,029)
10,302
1,805
(13,932)
776
e as follows:
Incoming
Resources
Resources
expended
£
£
20,239
(21,268)
24,642
(22,837)
44,881
(44,105)|Transfers
between
funds
31 July
2022
£
£
(25,263)
-
(25,263)
-
12,107
-
(13,156)
Gains and
Movement in
losses
funds
£
£
-
(1,029)
-
1,805
-
776|31 July
2022
£
(25,263)|
|---|---|---|---|
## **14. RRESTRICTED FUNDS PURPOSES**
Symphony School funds are raised specifically for the project, to educate, equip and empower young gifted black boys by providing free core subject extra tuition classes in line with the National Curriculum.
## **15. GOING CONCERN**
The charity had a surplus of £776 (2021 deficit of £7,611) for the year ended 31 July 2022 and has net liabilities of £13,156 (2021 net liabilities of £13,932) at the balance sheet date. These conditions indicate the existence of some uncertainty which may cast doubt regarding the charity’s ability to continue as a going concern. The charity has the continued support of its trustees and is satisfied that the creditors at the balance sheet date will continue to accept deferral of amounts due to them.
12