## **CITY OF LONDON CHOIR**
**CONSOLIDATED FINANCIAL STATEMENTS**
**31 JULY 2020**
**REGISTERED CHARITY N°: 1164955**
## **CITY OF LONDON CHOIR**
## **CONSOLIDATED FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 JULY 2020**
## **CONTENTS**
|Charity Information||1|
|---|---|---|
|Trustees' Report|2 to 4||
|Independent Examiners' Report||5|
|Statement of Financial Activities||6|
|Balance Sheet||7|
|Notes forming part of the financial statements|8|to 11|
**CITY OF LONDON CHOIR**
## **31 JULY 2020**
|**REGISTERED CHARITY NUMBER:**|1164955|
|---|---|
|**PATRONS**|Humphrey Burton CBE|
||Rt. Rev'd & Rt. Hon. The Lord Chartres|
||KCVO PC|
|**TRUSTEES**|D G Mansfield - Chairman|
||G P A Banner|
||C L Clark|
||M S St G Hill|
||C T Matthews|
||C Rayson|
||J J Robinson|
||A P Thompson (Appointed 26/09/2019)|
||M J White (Appointed 26/09/2019)|
|**MUSICAL DIRECTOR**|Hilary Davan Wetton|
|**PRINCIPAL GUEST CONDUCTOR**|Mark Williams|
|**ASSOCIATE CONDUCTOR**|Stephen Farr|
|**PRINCIPAL ADDRESS**|20 Highclere Road|
||New Malden|
||KT3 3HJ|
|**BANKERS**|Royal Bank of Scotland plc|
||5 - 10 Great Tower Street|
||London|
||EC3P 3HX|
|**INDEPENDENT EXAMINERS**|Pillow May Ltd|
||The Coach House|
||Bremhill Grove Farm|
||East Tytherton|
||Chippenham|
||Wiltshire|
||SN15 4LX|
**WEBSITE**
www.cityoflondonchoir.org
2
## **CITY OF LONDON CHOIR REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2020**
The Trustees present their report along with the financial statements of the Charity for the year ended 31st July 2020.
## **Charitable Incorporated Organisation**
These accounts are prepared for the full year including the combined results of the Charity and its subsidiary, CLC Orchestral Promotions Limited.
## **Constitution and Objects**
The Charity’s Governing Document is its Constitution which was last amended on 30 November 2015.
The objects of the CIO are to promote, improve, develop and maintain public education in the application of the art and science of choral music in all its aspects by the presentation of public choral concerts and by such other ways as the trustees shall determine from time to time primarily in and around the City of London.
In pursuing such objects, the City of London Choir aims to provide exciting musical experiences for members and audiences. In particular, it seeks to:
- Encourage amateur singers, especially those based in the City, to develop their musical expertise and enjoy singing together;
- Provide increased opportunities for audiences to hear both established and less well-known works;
- Demonstrate that music of the highest quality can be achieved by amateurs and professionals working together;
- Celebrate and share the fun of music-making and to encourage more people to experience choral music, whatever their age, background or previous musical interest; and
- Support charities and worthy causes.
## **Development, Activities and Achievements**
The City of London Choir is busy and versatile, regularly performing in ensembles from 8-12 singers to our full strength of around 120. We have provided music for a wide range of social and corporate events and we are particularly pleased to support events organised by our sponsors.
The 2019-20 season has been highly unusual due to the severe restrictions placed on us and our professional partners such as concert halls, orchestras and soloists due to the Coronavirus pandemic. In effect our performing season finished in February.
The choir's first engagement in the season was a recording at Henry Wood Hall with the Royal Philharmonic Orchestra and soloists Stephanie Corley, Marta Fontanals Simmons, Ed Lyon and William Berger, of a new work by living composer Michael Stimpson, concerned with climate change and entitled The Angry Garden.
As sole promoter we staged one concert during the season, our twelfth Christmas Carol concert in St. John’s, Smith Square, with soloist Rebecca Bottone, Richard Gowers at the organ and Timothy End at the piano.
3
## **CITY OF LONDON CHOIR REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2020**
As a co-promoter with the RPO, we completed our series of joint Mozart/Mendelssohn concerts at the Cadogan Hall. In November we performed Mozart’s _Laudate Dominum and Coronation Mass,_ together with Mendelssohn’s _Psalm 43_ and _Verleih uns Frieden gnädiglich_ with soloists Grace Davidson, Stephanie Wake-Edwards, Edward Ross and Jacob Philips. Chloë Hanslip was the soloist for Mendelssohn’s Violin Concerto.
As usual the choir also participated in several concerts promoted by other organisations. In December we were invited to sing at The Carers’ Trust fundraising concert held at St. George’s, Hanover Square and The Garrick Club Christmas Carol Service at St. Paul’s, Covent Garden. We also continued our relationships with both Raymond Gubbay Ltd at their Christmas Classics concert at the Barbican Hall with the London Concert Orchestra, and the Royal Philharmonic Orchestra at their Magic of Christmas Concert at the Cadogan Hall, both in December.
We were also invited by Kestrel Music to sing at their promotion of Mendelssohn’s _Elijah_ at the Cadogan Hall in February, with The London Mozart Players and soloists Elin Manahan Thomas, Katie Bray, Ed Lyon and Colin Schachat in the title role.
We are extremely grateful to all those individuals and organisations that have provided essential support.
It was much sorrow that we heard during the season of the death, due to the pandemic, of Alvin Chua, a member of the choir since 2010, and Aleem Fakira, the Choir’s Independent Examiner for over 20 years. They will both be much missed.
The Choir is a member of Making Music, previously the National Federation of Music Societies.
## **Reserves Policy**
The Choir needs to hold reserves for a number of reasons: to provide a cushion against losses in the course of a year, to enable it to commit to expenditure up to a year ahead and to give it flexibility in its long term planning. The Choir’s policy is to hold a level of reserves that is broadly equivalent to between one and one and a half year’s worth of planned future expenditure.
4
## **CITY OF LONDON CHOIR REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2020**
## **Trustees' responsibilities in relation to the financial statements**
We choose under the constitution of the Charity 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 its financial activities for the period. In preparing these financial statements we:
- select suitable accounting policies and apply them consistently;
- make reasonable and prudent judgements and estimates; and
- 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. 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.
Approved by the trustees and signed on their behalf:
11 November 2020
D G Mansfield, Chairman
5
## **CITY OF LONDON CHOIR**
## **INDEPENDENT EXAMINER’S REPORT**
## **Independent Examiner’s Report to the Trustees of the City of London Choir**
I report on the accounts for the year ended 31 July 2020 set out on pages 6 to 11.
## **Respective responsibilities of trustees and examiner**
As the charity's trustees you are responsible for the preparation of the financial statements; you consider that the audit requirement of section 144(2) of the Charities Act 2011 ("the 2011 Act") does not apply and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the 2011 act
- to follow the procedures laid down in the general directions given by the Charity Commission under section 145(5)(b) of the 2011 Act
- to state whether particular matters have come to my attention.
## **Basis of independent examiner’s report**
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 explanations from you as 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 this report is limited to those matters set out in the statement below.
## **Independent examiner’s statement**
In connection with my examination, no matter has come to my attention:
- (1) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 130 of the 2011Act
- to prepare accounts which accord with the accounting records and comply with the requirements of the 2011Act
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Jessica Pillow Pillow May Limited The Coach House, Bremhill Grove Farm East Tytherton, Chippenham, Wiltshire SN15 4LX
11 November 2020
6
## **CITY OF LONDON CHOIR**
## **CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2020**
|**Notes**
**INCOMING RESOURCES**
Subscriptions and Gift Aid refund
Friends
Concerts
3
Performance and other fees
8
Music hire and resale
Sale of CDs
9
Recording income
9
Donations
Sale of folders
Fund raising
10
Tenor Bursary Scheme
Bank interest
**EXPENDITURE**
Rehearsal expenses
Making Music- insurance
Concerts
3
Singing Day/Weekend
Music hire and resale
Recording expenses 9
Examiner's fees
Cost of folders sold
Audition costs
Tenor Bursary Scheme
Vocal Coach
Committee expenses
Bank Charges
Concert Management
Sundry Expenses
Total resources expended
**NET MOVEMENT OF**
**FUNDS FOR THE YEAR**
**TOTAL FUNDS**
**BROUGHT FORWARD**
**TOTAL FUNDS CARRIED**
**FORWARD**|**UNRESTRICTED**
**RESTRICTED**
**FUND**
**FUND**
**2020**
**2020**
**£**
**£**
28,790
-
1,050
-
15,277
-
5,986
-
4,442
-
320
-
4,000
-
796
-
267
-
956
-
-
1,700
442
-|**TOTAL**
**TOTAL**
**FUNDS**
**FUND**
**2020**
**2019**
**£**
**£**
28,790
31,048
1,050
-
15,277
15,402
5,986
9,802
4,442
6,568
320
435
4,000
-
796
570
267
598
956
5,441
1,700
-
442
498|
|---|---|---|
||62,326
1,700|64,026
70,362|
||19,228
-
613
-
11,315
-
-
-
4,059
-
2,245
-
480
-
275
-
1,405
-
-
50
265
-
312
-
275
-
2,160
-
(21)
-|19,228
23,726
613
613
11,315
14,285
-
(24)
4,059
6,276
2,245
2,245
480
825
275
598
1,405
1,325
50
-
265
424
312
664
275
341
2,160
3,600
(21)
2,996|
||42,611
50|42,661
56,120|
||19,715
1,650|21,365
14,242|
||118,036
-|118,036
103,794|
||£137,751
£1,650|£139,401
£118,036|
There are no recognised gains and losses in 2019 and 2020 other than those included in the Statement of Financial Activities.
7
## **CITY OF LONDON CHOIR**
## **CONSOLIDATED BALANCE SHEET AT 31 JULY 2020**
|**Notes**
**CURRENT ASSETS**
Stocks
4
Debtors
5
Cash at bank and in hand
7
Creditors: amounts falling due
within one years
6
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS**
**CURRENT LIABILITIES**
**FUNDS**
**Unrestricted funds**
**Restricted funds**
**TOTAL FUNDS**|**UNRESTRICTED**
**FUND**
**31/07/2020**
**£**
3,208
5,866
129,805|
**RESTRICTED**
**TOTAL**
**TOTAL**
**FUND**
**FUNDS**
**FUND**
**31/07/2020**
**31/07/2020**
**31/07/2019**
**£**
**£**
**£**
-
3,208
1,656
-
5,866
7,746
1,650
131,455
118,865|
|---|---|---|
||138,879
(1,128)|1,650
140,529
128,267
-
(1,128)
(10,231)|
||137,751|1,650
139,401
118,036|
||137,751|1,650
139,401
118,036|
||137,751
-|-
137,751
118,036
1,650
1,650
0|
||£137,751|£1,650
£139,401
£118,036|
The financial statements on pages 6 to 10 were approved by the trustees on 11 November 2020 and signed on its behalf by:
___________________ D G Mansfield Chairman
This balance sheet should be read in conjunction with the accompanying notes to the financial statements.
8
## **CITY OF LONDON CHOIR**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS**
## **31 JULY 2020**
## **1. Accounting policies**
## **Basis of accounting**
The accounts have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities 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; the Financial Reporting Standard applicable in the United Kingdom (FRS 102) and with the Charities Act 2011.
## **Fund Accounting**
The Charity's Unrestricted Funds consist of general funds which the Charity may use for its purposes at its discretion.
Restricted Funds are those where the donor has imposed restrictions on the use of the funds.
Income arising on restricted funds and expenditure incurred in respect of these funds are reflected through the Statement of Financial Activities with any surpluses or deficits being appropriated to/from restricted funds.
## **Stocks**
Stocks are valued at the lower of cost or net realisable value.
## **2. Income**
Voluntary income and donations are accounted for as received by the Charity.
## **3. Concert Account**
|Cadogan Hall
Mozart/Mendelssohn
St. John’s, Smith Square
Carols
Barbican Hall
Verdi
Other|**Income**
**Expenditure**
**2020**
**Profit /**
**(Loss)**
**£**
**£**
**£**
3,865
6,885
(3,020)
9,179
4,619
4,559
2,233
3,737
(1,504)
-
(3,927)
3,927||**2019**|
|---|---|---|---|
||||**£**|
|||||
|||||
|||||
|||||
||£15,277
£11,315
£3,962||£1,117|
9
## **CITY OF LONDON CHOIR**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS**
## **31 JULY 2020**
|**4. Stocks**
Folders held for resale
**5. Debtors**
Amounts falling due within
one year
H M Revenue & Customs
Other debtors
**6. Creditors: amounts**
**falling due within one year**
Concert account
Other creditors
**7. Cash at bank and in hand**
CCLA Deposit account
Metro Bank accounts
RBS accounts|**2020**
**2019**
**£**
**£**
3,208
1,656|
|---|---|
||£3,208
£1,656|
||**2020**
**2019**
**£**
**£**
5,665
6,206
211
1,540|
||£5,866
£12,966|
||**2020**
**2019**
**£**
**£**
123
123
1,005
10,108|
||£1,128
£10,231|
||**2020**
**2019**
**£**
**£**
79,747
79,354
10,606
9,984
41,102
29,527|
||£113,455
£118,865|
10
## **CITY OF LONDON CHOIR**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS**
## **31 JULY 2020**
|**8. Performance and other fees**
**Net surplus per engagement**
Raymond Gubbay Ltd
The Garrick Club
RPO
The Carers’ Trust
Kestrel Music
Ahouwa recording
Weddings
Summer Music in City Churches
Rye Arts Festival
**9. Recording account**
Income
Expenditure
Net income
**10. Fund raising**
Sandwich & Drink sales
Easy Fund Raising
Amazon
Promises Auction|**2020**
**£**
1,390
550
-
421
2,250
970
256
149
-|**2019**
**£**
2.577
475
5.101
425
-
-
-
-
1.224
£7,696
**2019**
**£**
435
471
£(36)
**2019**
**£**
798
408
-
4,235|
|---|---|---|
||£5,986||
||**2020**
**£**
4,000||
||2,245||
||£1,755||
||**2020**
**£**
333
582
40
-
£956||
|||
£5,441|
11
## **CITY OF LONDON CHOIR**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS**
**31 JULY 2020**
## **11. Trustee remuneration and benefits**
There were no trustees' remuneration or other benefits for the year ended 31 July 2020 nor for the year ended 31 July 2019.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 July 2020 nor for the year ended 31 July 2019.
## **12. Related Party Disclosure**
There were no related party transactions for the year ended 31 July 2020 nor for the year ended 31 July 2019.