## **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:
- 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 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:
- 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:
**----- 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:
- 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
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)