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2021-07-31-accounts

CITY OF LONDON CHOIR

CONSOLIDATED FINANCIAL STATEMENTS

31 JULY 2021

REGISTERED CHARITY N°: 1164955

CITY OF LONDON CHOIR

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2021

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 2021

REGISTERED CHARITY NUMBER: 1164955
PATRONS Humphrey Burton CBE
Rt. Rev'd & Rt. Hon. The Lord Chartres
KCVO PC
TRUSTEES D G Mansfield – Chairman
J J Robinson – General Manager
G P A Banner
C L Clark
M S St G Hill
C T Matthews
C Rayson
A P Thompson
M J White
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 Dutch Barn
Bremhill Grove Farm
East Tytherton
Chippenham
Wiltshire
SN15 4LX
WEBSITE www.cityoflondonchoir.org

www.cityoflondonchoir.org

2

CITY OF LONDON CHOIR REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2021

The Trustees present their report along with the financial statements of the Charity for the year ended 31st July 2021.

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:

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 2021-21 season was again 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 was curtailed for the whole season.

However the choir managed to keep its spirits and standards up by taking the opportunity of rehearsing in person (socially distanced while allowed) for several weeks, and by Zoom for several others. Also in September we put to the test our ability to sing together, while socially distanced, by recording six English Partsongs which are now available for listening on the Spotify platform.

However, in June 2021, with a partially reduced Choir and audience (because of Covid-19 restrictions), we were able to perform in our first live concert for 16 months, in St. Giles Cripplegate, in a programme titled “Songs and Sonnets of Sunshine and Rain”. We were delighted to be joined by Njabulo Madlala as our soloist in a performance of Flanders & Horovitz’s “ Captain Noah and his Floating Zoo ”; the choir also performed George Shearing’s “ Songs and Sonnets of Shakespeare ”. The concert was conducted by our Musical Director, Hilary Davan Wetton, in front of an audience of approximately 100.

3

CITY OF LONDON CHOIR REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2021

.

We are extremely grateful to all those individuals and organisations that have provided essential support during these most troubled times. In particular we would like to thank our vocal coach, Rachel Nicholls, in rehearsing us “virtually” for the summer concert.

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 2021

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:

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:

----- Start of picture text -----
Daniel (Nov 15, 2021, 1:50pm)
----- End of picture text -----

2021 15 Nov 2021

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 2021 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:

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:

have not been met; or

Jessica Pillow

Jessica Pillow Jessica (Nov 15, 2021, 12:34pm) Pillow May Limited The Dutch Barn, Bremhill Grove Farm East Tytherton, Chippenham, Wiltshire SN15 4LX

2021 15 Nov 2021

6

CITY OF LONDON CHOIR

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2021

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
Music hire and resale
Recording & CD 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
2021
2021
£
£
-
-
-
-
-
-
716
-
688
-
80
-
-
-
3,873
-
50
-
579
-
-
850
23
-		 TOTAL
TOTAL
FUNDS
FUNDS
2021
2020
£
£
-
28,790
-
1,050
-
15,277
716
5,986
688
4,442
80
320
-
4,000
3,873
796
50
267
579
956
850
1,700
23
442
6,009
850		 6,859
64,026
14,984
-
613
-
2,234
-
933
-
3,431
-
504
-
50
-
-
-
-
800
160
-
-
-
15
-
1,080
-
2,947
-		 14,984
19,228
613
613
2,234
11,315
933
4,059
3,431
2,245
504
480
50
275
-
1,405
800
50
160
265
-
312
15
275
1,080
2,160
2,947
(21)
26,951
800		 27,751
42,661
(20,942)
50		 (20,892)
21,365
137,751
1,650		 139,401
118,036
£116,809
£1,700		 £118,509
£139,401

There are no recognised gains and losses in 2020 and 2021 other than those included in the Statement of Financial Activities.

7

CITY OF LONDON CHOIR

CONSOLIDATED BALANCE SHEET AT 31 JULY 2021

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
31/07/2021
£
1,632
753
115,785
RESTRICTED
TOTAL
TOTAL
FUND
FUNDS
FUNDS
31/07/2021
31/07/2021
31/07/2020
£
£
£
-
1,632
3,208
-
753
5,866
1,700
117,485
131,455
118,170
(1,361)		 1,700
119,870
140,529
-
(1,361)
(1,128)
116,809 1,700
118,509
139,401
116,809 1,700
118,509
139,401
116,809
-		 -
116,809
137,751
1,700
1,700
1,650
£116,809 £1,700
£118,509
£139,401

The financial statements on pages 6 to 11 were approved by the trustees on 15 Nov 2021 2021 and signed on its behalf by:

D G Mansfield Daniel (Nov 15, 2021, 1:50pm) 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 2021

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

St. John’s, Smith Square
Carols
St. Giles Cripplegate
SMICC
Other		 Income
Expenditure
2021
Profit /
(Loss)
£
£
£
-
1,100
(1,100)
-
1,134
(1,134)
-
-
-		 2020
£
4,559
-
(597)
£-
£2,234
£(2,234)		 £3,962

9

CITY OF LONDON CHOIR

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

31 JULY 2021

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		 2021
2020
£
£
1,632
3,208
£1,632
£3,208
2021
2020
£
£
753
5,665
-
211
£753
£5,866
2021
2019
£
£
123
123
1,238
1,005
£1,361
£1,128
2021
2020
£
£
79,765
79,747
11,020
10,606
26,700
41,102
£117,485
£113,455

10

CITY OF LONDON CHOIR

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

31 JULY 2021

8. Performance and other fees
Net surplus per engagement
Raymond Gubbay Ltd
The Garrick Club
The Carers’ Trust
Kestrel Music
Ahouwa recording
Weddings
Summer Music in City Churches
9. Recording & CD account
Income
Expenditure
Net income
10. Fund raising
Sandwich & Drink sales
Easy Fund Raising
Amazon
Royalties		 2021
£
-
-
716
-
-
-
-		 2020
£
1,390
550
421
2,250
970
256
149
£5,986
2020
£
4,000
2,245
£1,755
2020
£

333

582

40
-
£716
2021
£
-
3,431
£(3,431)
2021
£
-
331
83
165
£579
£956

11

CITY OF LONDON CHOIR

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

31 JULY 2021

11. Trustee remuneration and benefits

There were no trustees' remuneration or other benefits for the year ended 31 July 2021 nor for the year ended 31 July 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 July 2021 nor for the year ended 31 July 2020.

12. Related Party Disclosure

There were no related party transactions for the year ended 31 July 2021 nor for the year ended 31 July 2020.

Issuer

Issuer Pillow May Ltd Document generated Mon, 15th Nov 2021 12:31:24 UTC Document fingerprint b56f938e6d8ab8b33ded8d33ff534bbf

Parties involved with this document

Document processed Party + Fingerprint Mon, 15th Nov 2021 12:34:25 UTC Jessica - Signer (5c6e52e3e39d3c3ee5db4a891d32cc43) Mon, 15th Nov 2021 13:50:44 UTC Daniel - Signer (7090ad9314d0a45243441a7161fed923) Audit history log Date Action Mon, 15th Nov 2021 13:50:44 UTC The envelope has been signed by all parties. (86.13.16.119) Mon, 15th Nov 2021 13:50:44 UTC Daniel signed the envelope. (86.13.16.119) Mon, 15th Nov 2021 13:40:11 UTC Daniel viewed the envelope. (86.13.16.119) Mon, 15th Nov 2021 12:34:26 UTC Document emailed to daniel.mansfield@blueyonder.co.uk (13.40.51.184) Mon, 15th Nov 2021 12:34:25 UTC Sent the envelope to Daniel (daniel.mansfield@blueyonder.co.uk) for signing. (185.147.91.64) Mon, 15th Nov 2021 12:34:25 UTC Jessica signed the envelope. (185.147.91.64) Mon, 15th Nov 2021 12:34:06 UTC Jessica viewed the envelope. (185.147.91.64) Mon, 15th Nov 2021 12:33:47 UTC Document emailed to Jessica@pillowmay.co.uk (18.130.249.24) Mon, 15th Nov 2021 12:33:47 UTC Sent the envelope to Jessica (jessica@pillowmay.co.uk) for signing. (185.147.91.64) Mon, 15th Nov 2021 12:32:26 UTC Automatic reminders for this envelope have been set to occur every 5 days (185.147.91.64) Mon, 15th Nov 2021 12:32:22 UTC Daniel has been assigned to this envelope (185.147.91.64) Mon, 15th Nov 2021 12:32:22 UTC Jessica has been assigned to this envelope (185.147.91.64) Mon, 15th Nov 2021 12:31:41 UTC Document generated with fingerprint b56f938e6d8ab8b33ded8d33ff534bbf (185.147.91.64) Mon, 15th Nov 2021 12:31:24 UTC Envelope generated by Samantha Sollis (185.147.91.64)