crry OF LONDON CHOIR COMBINED FINANCIAL STATKMENTS 31 JULY 2024 REGISTERED CHARrrY N.: 1164955
CITY OF LONDON CHOIR COMBINED FINANCIAL STATEMET4TS FOR THE YEAR Ef+lDED 31 JULY 2024 CONTENTS CIMity Infomhation stees, Report 2to4 Indep¢t)d¢Tht Examiner's Rq>ort statellnt of Financial Activities Balan¢¢ Sheet Notes forniing part of the fmancial statements 8 ¢0 11
CITY OF LONDON CHOIR 31 JULY 2024 REGISTERED CHARrrY r4uMBER: 1164955 PATRONS iaily Brew OBE Humphrey Burton CBE Lord Chartres GCVO PC TRUSTEES D G Mansfield- Chairman J J Robinson- General Manager G P A Banner (retir¢d 07.09.23) C L Clark MSStGHill C T Matthews C Rayson A P Thompson J Withington (appointed 13.09.23) cor4DUCTOR EMERITUS Hilary Davan Wetton (From 01.08.23) MUSICAL DIRECTOR & PRINCIPAL CONDUCTOR Hilary Davall Wetton (until 31.07.23) Daniel Hyd¢ (from 01.08.24) PRINCIPAL GUEST CONDucfoR Mark Williams ASSOCIATE cof4DUCTOR Stephen Farr PRINCIPAL ADDRESS 20 High¢lere Road New Mald¢n Kfj 3HJ Royal Batth of Scotland pl¢ 4, Floor. l Hardman Boulevard Man¢hester M3 3AQ Ir4DEPENDENT EXAMINER Jason Hargaden, Bsc, ACA WEBsrr£ -cit oflondon¢hoAr.or
CITY OF LONDON CHOIR REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024 The Trustees present their report along with the financial statemets of the Charity for the year ¢nded 31st July 2024. Charitable Ineorpor&ted Or%*nlsadon These a¢¢ounts are prepared for the full year including the combined result5 of the Charity ond its wholly owned subsidiary, CLC Orchestral Promotions Limited. Constitution Ind Object5 The Cbarity's Gov¢ming Document is its Const&tution whid) was last amended on 30 Novemb¢r 2015. The objects of the CIO are to promote, improve, dev¢lop and maintain public education in the application of th¢ art and Science of choral music ITh all its aspects by the presentation of publi¢ choral concerts and by such oth¢r ways as the trustees shall determinc from time to time primarily in and around the City of Lonth>n. In pursuing such objects, th¢ City of London Choir aims to prnvide exciting musical experiences for members and audiences. In particular, it seeks to: Ellcourage atMaleur singers, especially those b&s¢d in the City. to develop th¢ir musical expertise and elljoy sitigittg together- Provide incr¢as¢d oppottunities for audiences to hear both establtshed and l¢ss well.kTh)wn Demonstrate ibat musi¢ of ¢he bi8hest quality Can be a¢hieved by natellI$ and professionals working together. Celebrate and share the of music-making and to encourage ny)re people to experience choral rnusic, whatever their age, backgrowid or previous musscal interest. And Support ¢h8rities al worthy causes. Development, Aellvltles and Aehievemen¢$ The City of London Choir is busy and v¢rsatile, regUl[Y performing in ensetnbles from 20 $iDgers to our fv11 strength of around 120. We have provided music for a wide range of social and corporate ¢v¢nts and we are particularly pl¢ased to support events organised by our sponsors. During the year the Choir promot¢d or co-promoted three conc¢rt programmes. In Dec¢mb¢r we had our anUal Christmas Carol concert, but for th¢ first time at The Cadogan Hall and not At St. John's Smith Square. with our own 'h&nd-picked' orchestra, Benjamin Pope as ¢ondu¢tor and Ca]nilla Kerslake as soloist. The high point of th¢ seastsn was a perforn)ance of Bach's Sf. John Passion at St. Giles Cripplegate in March with the Hanover Band, Mark Wslliams conductor, and soloists Samuel Boden, Themba Mvula, Augusta Hebb¢rt, Anna Harvey, Wil]iam Frost and William Whitehead.
CITY OF LONDON CHOIR REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024 The Beason ended in A ¢o-promotion with Kestrel Music as part of Summer Music in City Churches. The Choir perforni¢d at St. Giles Cripplegate. with soloists Rachel Nicholl8, Max Robbins, And Roderick Williams in a prograrnme entitled"Then Sing We All" with music by Horovitz, Eric Whitacre, Tippett, Dankworth and lain Farrington (who also accompanied the choir on the piano) conducted jointly by our Mvsi¢al Direetor Emeritus, Hilary Davan W¢tton, al our incoming Musical Director, Daniel Hyde. Th¢ choir was engaged by external protnot¢r5 on stveral occasions.. the IiPO at Cadogan Hall i November for Brahms. Gemort Requiem, with soloists Sophie Bevan and Gar¢tb Brynmor John ¢onducted by Daniel Hyd4 Raymond Gubbay Ltd for two perfornianrK$ of Holst's The Planets. Suit¢ (female voices only) at the Royal Albert Hall and th¢ Royal F¢stival Hall. and a Christmas concert for th¢ Carers. Tnt at St Paul'$ Knightsbrid8e. Daniel Hyde, Director of Music for the Choir of King's College, Cambridge. took up his p¢)siti¢)n as our Musical Director and Principal Conducttsr from l August 2024. The Choir is a member of Making Music, previously the National Federation of Mwic Societies. Reserves Pollcy The Choir needs to hold r¢s¢rves for a number of r¢asons.' to provide a Cushion ag8jllSt1055e5 ill the course of a year, to ertable it tts commit to expendÈture up to a year ahead and to give it flexibility in its long temi planning. The Choir's policy is to hold a level of r¢serve8 that is broadly equivalent to between one and one and 8 ha]f year'l Worth of plamied future ¢xpetllure.
crry OF LONDON CHOIR REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024 Trnstees, re5ponsibiiitle5 in relation to the finaneial stat¢ments We ¢hoose under the constitution of th¢ ChaTity to prepare f]nattGial statements for each financial year which give a true and fair view of ihe state of affairs of the Charity and of its fLnan¢ial a¢tlVLtJ for the period. In preparing these financial statements we.. s¢lect suithble aounting poli¢i¢s and apply them consistently. make reasonable a[ prudent jud8cmcnts and estimates. and prepare the finaucial stat¢ments on the going coll¢¢rn basis unless it is inappropriate to presullle that the Charity will continu¢ in bu5irtess. Tbe trustees are responsibl¢ for keeping proper accounting records which di$close with reasonable accuracy At any time the financiol positionof the charity. They are also r¢5ponsible for Safeguarding the ass¢ts of the charity and bence for takiug reasonable step5 for the pr¢vention and detection of fraud and other illegularities. Approved by the trustees and sign¢d on theirbehalf.. 29 May 2025 D G Matssfiell chai[nll
CITY OF LONDON CHOIR INDEPENDENT EXAlINER's REPORT Independeni Eximiner's Report to th¢ Trustees of the Clty of London Cholr I report to Ilie Trustees of tlie City ol Londoii Clioir oli iiiy exdiiiiiiaiioi) of Ilie combiiied a¢¢OLinis of Ilie Groiip, roijprising the Cily of London CIIoiT and its siibsidiary CLC Orrh¢51131 Proiiioiions Liinil¢d. fDI Ilie year elided 31 July 2024 Sel oul on pa$ 6 10 11. Respeclive re5ponslbillties of the Trusieu nd the liidependtllt ExRmlner As tli¢ Trustees of ilie City of Londoii Choir you are resp0115ibl¢ frw the preparation of a¢¢oiiiiis iii aecordan¢¢ with ilie rcqutTeii)¢iits of the Charitit5 Aci 2011 I'tlie 2011 Act") &iid yoii have Cli017 to pieparr ¢on)bined accoun15 for Ihe Groiip. Yoii Ar¢ Satisfied thai ihe a¢¢aJois of bDih the Ciiy of London Choir aiid tlit GToup are iiol required by cliarii) la to b¢ aiidited aiid yeu liavc chos¢ii iiistead 10 Iiave ali Independeni E.xaiiiinallOn. My rc5ponsibiliiy is lo r¢pori to >'ov on Iny ¢xarninaiion of Ihe coiiibiii¢d a¢toiinis. I have carried oiil my Charity Coimiiiission undeT seciion 14515llbl of tl)e 2011 A¢1. BA515 of Iht Independent Exgmliir's Report An Iiidepeiideni Examirwii¢# include5 a revieiv of ihe accounting r¢¢ords kew b)- tlie ¢liaTily oiid a ¢oinparisoii tsf tlie accouiils pr¢5¢Died ivitli 11105e record5. 110150 iiiclude5 COll5ideraiioii of aiiy uiiusual il¢iiis or dis¢losures iii the ae¢ouiii$ and seekiiig ¢yplaiiaiion5 froni yoii as Tnisi¢¢s concerning aTry su¢l) maiiei's. An Independenl ExaminRlion does noi involv¢ &iaih¢rin8 all Ihe evid¢n¢¢ Ihai would be I'eqiiired opinion on the Rccoiinis. The ylanning and condiiLI of an aiidit bJoe$ b¢i'ond Ihe limiled w$surance thai an Iiidep¢iideiii Eyaiiiiiiaiitsn ¢on provide. Consequeiiil).. l expre5S iio opiiiioii as 10 Mheiher the colisolidaied r¢¢¢oiints present N 'ti'iie and fair view and my Repon is liiiiiied 10 Iliose specifir m4tit¢i's s¢1 out in the Iiid¢p¢iid¢i)i Exaiiiiiier's Sial¢lMet)I beloiv. Ind¢p¢tsdetht ExAmiNer'5 Si#tem¢Dt wilh the exaiiiinalioii %4.hich give nie reasoiiable ctsiise to b¢lieve ihai iii aiiy iiiai¢rial r¢$p¢ci'. accoiinling r¢¢oids. with i'espEd lo the Cit). of London Choir, w¢re noi kept as reqiiired bi. S¢1017 130 of ilie 101 I Aci 8iid, Iviili r¢sp¢¢i 10 its siibsidiary. iYer¢ Iiot kept as required by Seelion 386 of Ihe Coiiipanies Act 2006.. OT 2 the acroiinis do noi accord with thos¢ records.. oi. Siè¢einekii of R¢¢oi)Iiiieiided Praciice for a¢¢oiiiiiiiix and reporting by cliariiies appli¢Able to charities preparing Iheir aecount5 in a¢cordanc¢ %viih lh¢ Financial Reporting stndl'd applicabl¢ i# Ilie UK aiid R¢publi¢ of Irelaiid IFRS 10?). I coiifiriii Iliai there are 110 otlier i))att¢rs to whicli yoiir aii¢Jiion 51ioLild be drawn enable o prop¢r uiidei'slanding of Ihe accou)Ils 10 b¢ l'eached. Jason Hai'8Aden. BS¢. ACA Signed.. Dale.. 29 May 2025
CITY OF LONDON CHOIR COMBINED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2024 iJNRESTRICTED RESTRICTED FUND 2024 TOTAL FUNDS 21J24 TOTAL FUNDS 2023 Notes 21124 INCOMING RESOURCES Subscriptions at Gift Aid refimd Friends Con¢erts Perfom)an¢¢ and other fees Music hire and resale Sale of CDS Recording income Donatim]s Sale of fold¢rs Fund raising Tenor Bursary S¢hem¢ Bank int¢rtst 32.011 2,0(10 39,232 4,661 5.770 10 32,011 2,000 39.232 4,661 5,770 10 29,865 1,590 40,943 8,580 3.998 6,118 56 2,948 450 492 2.948 450 492 1.000 4,466 575 10 624 1,000 2394 94.803 EXPETrIDITURE Rehearsal expense5 Making Music- iDsurance Con¢ert$ Music hire and r¢sal¢ Re¢ordin8 & CD expens Singing Day Cost of folders sold Audition costs Tenor Bursary S¢h¢m¢ Professional fees Committee expenses Bank Charges Concert Management Slldry Expenses Total resources ¢xpellded NET MOVEMENT OF FUNDS FOR THE YEAR TOTAL Fuf4DS BROUGHT FORWARD TOTAL FUNDS CARRIED FORWARD Th¢re are no recognised 8ains and losses in 2023 and 2024 other than tlwse included in the StatCTnent of Financial Adivili¢s. 15.780 675 41,244 5,427 430 15,780 675 41,244 5,427 430 26.857 634 46.221 4,887 13,227 1,095 575 2.012 450 450 693 385 800 693 385 800 2,461 205 3.600 2.696 2.461 205 90 370 2,520 3,600 385 101436 615 18,194 6.633 106,959 108659 115292 £124538 £2315 £126853 £108,659
CITY OF LONDON CHOIR COMBINED BALANCE SHEET AT 31 JULY 2024 UNRESTIUCTED RESTIUCTKD T(YfAL TOTAL FUND FUND FUNDS FUNDS 3110712024 3110712024 3V07121J24 31107121J23 Notts CURRENT ASSETS Stocks Debtors Cash at bank and in hat 845 845 27,025 100587 128.457 657 25,927 27,025 l26,142 2.315 116,106 Creditors.. amounts falling due within one years (1.604) (1,604) (7,447) r4KT CURRENT ASSETS 124538 126 853 TOTAL AssErs LESS CURRENT LIABILITIES 124 538 126853 108,659 UDre5trieted fullds 124,538 124,538 106,959 Restrl¢t¢d fuDdi TOTAL FUNDS £124 538 £126 853 £108 659 The financial statements on pag¢s 6 to I I wer¢ approved by the trustees on 29 May 2025 and Signed on its bchalf by: D G Mansficld Chairnian This balance sh¢et should be read in conjunction with th¢ a¢eompanying notes to the financial statements.
CITY OF LONDON CHOIR NOTES TO THK COMBINED FINANCIAL STATEMENTS 31 JULY 2024 Ae£ounting polieies Basls of accounthig The accounts have been prepared under the historical cost Convention and in aecordance with the Statement of Recommended Pra¢lic¢: Accounting and Reporting by Charities preparing thcir accounts in accordance with the Financial Reporting Standard applicabl¢ in the UK and Republic of Ireland (FRS 102) revised in October 20I9' th¢ Financial Reporting Standard applicAble in the Unit¢d Kingdom (FRS 102) and with the ChaTities Act2011. Fund A¢¢ounting The Charity's Unrestricted Funds consist of generdl funds wbich the Charity may use for its purposes al its discr¢lion. Restricted Funds are those where the donor has impos¢d reslriclions on the use of the Income arising on restricted fund5 and expenditure in¢urred in respect of these funds are reflect¢d through the Statement of Financial Activiti¢s with any surpluses or deficits being appropriated tolfrom restricted fimds. Stocks Stocks are valued at the lower of cost or nel rcalisable value. lrteome Voluniary income and donations ar¢ accounted for as received by the Charity. 3. Concer¢ Account Income Expendltyre 2024 Profit I (Loss) 2024 Cadogon Hall Cadogan Hall St. Giles Cripplegate St. Giles Cripplegate Other Brahms Carols Ba¢h SMICC (4,604) 328 (4,907) (5.909) 24,663 9,407 5.162 18,956 15.021 7,267 5,708 (5,614) {2,105) £39 232 £41244 5,278
CITY OF LONDON CHOIR NOTES TO THE COMBINED FINANCtAL STATEMENTS 31 JULY 2024 4. StodtS 2024 2023 Folders held forresale Music held for resal¢ 207 638 657 £845 £657 5. D¢btor5 2024 202J AMots falhn8 due within one year H M Revenue & Custon Con¢ert a¢eount 14,077 12,948 £27 025 19,815 6,112 6. Credltors: amoullts f8lllDg due wlthln one ye&r 2024 2023 Concert account Other creditors 1,572 32 825 6.622 7. Cash at b*nk and In hand 2024 2023 CCLA Deposit a¢¢ount Metro Bank accounts RBS accounts 86,612 l.626 12,349 £100,587 82,330 692 £89,522
CITY OF LONDON CHOIR NOTES TO THE COMBINED FINANCIAL STATEMENTS 31 JULY 2024 8. Perfonu8nee other fee5 21124 2023 Net surplus per enE*gement Raymond Gubbay Ltd The Garri¢k Club RPO The Carers, Trust Weddings 1,850 4.455 450 2.250 750 675 1.901 910 £4,661 £8,580 g. Recordlttg & CD account 2024 2023 tncome io Expenditure Net income (¢08¢) 430 10. Fund ralslllg 2024 2023 Eosy Futyl Raisin8 Amazon Royalti¢B 250 418 84 122 242 £492 £624 io
CITY OF LONDON CHOIR NOTES TO THE COMBINED NANCIAL STATEMENTS 31 JULY 2024 11. Trustee remuneratlon and benefits There were no trnst¢¢s' remuneration or other benefits for th¢ ycar ended 31 July 2024 nor for the year ended 31 July 2023. Trustees, eypens There were no tNst¢es' expens&s paid for the year ¢nd¢d 31 July 2024 nor for the year ellded 31 July 2023. In the y¢ar ¢nd¢d 31 July 2024 the Conllnittee also approv¢d various sundry expen8¢s incurred in relation to the recruitment process for the new Musical Director, non¢ of which were paid to trnstees. 12. Related Party Dlselosure The w¢r¢ no related party transaction5 for th¢ y¢ar ¢nded 31 July 2024 nor for ihe year ended 31 July 2023.