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Fieri Consort
(A Charitable Incorporated Organisation)
Report and Financial Statements
Year Ending 31st May 2021
Charity number 1167419
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Trustees’ Annual Report
Reference and Administrative Details
Charity name: Fieri Consort Charity number: 1167419
Principal office
7 Regents Wharf Wharf Place London E2 9BD
Trustees (reporting period)
Richard Brown from 01/06/16 Hannah MacDiarmid from 01/06/16 David Rogers from 10/03/17 Michael Roberts from 29/03/18 Yvonne Eddy from 14/01/19
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Objectives and Activities
The object of the CIO is to advance, improve, develop and maintain the education of the public in the arts, and in particular (and without prejudice to the generality of the foregoing) the arts of choral and other music by the organisation and/or presentation of concerts, workshops, and recitals of high educational and artistic merit, and by other such means as the trustees shall from time to time determine.
The strategies undertaken to achieve these objectives include:
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Fundraising for the development of projects and for the administration of the group.
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Exploring ways of engaging new audiences.
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Making recordings available of lesser-known gems of the early repertoire and new works by contemporary composers.
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Commissioning works.
Our main areas of activity undertaken to further the charity’s purposes for the public benefit are as follows:
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Concert performances.
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Educational workshops.
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Recordings.
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Collaborating with other art forms
This financial year, the specific activities which follow under these headings were:
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A Short Walk - commissioning a film to accompany the music we had already recorded by Ben Rowarth
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The Destined Knot - recording the 7th book of madrigals by Marenzio and commissioning artist Eleanor Meredith to create an animated film.
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Working with Choir of the Earth (previously known as the Self-Isolation Choir)
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Continuing with the release of AMAVI, in collaboration with the Chelys Consort of Viols
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Achievements and Performance
Concert programmes
We developed new concert programmes collaborating with other art forms as well as instrumentalists and other ensembles, notably including some from outside of the UK. This year, as a result of the pandemic, we focussed on digital projects: A Short Walk, The Destined Knot and various recordings for the Choir of the Earth (previously known as the Self-Isolation Choir).
We received two grants for these from Angel Early Music and the Genesis Foundation.
Financial Review
Over the course of the financial year, the charity made a surplus of £2,994. This, together with the previously retained surplus, will be carried over into the next financial year to pay for ongoing projects, including some delayed as a result of the Covid-19 pandemic. We organised two fundraising concerts, raising money for Musicians for Musicians and Age UK.
Reserve Holding Policy
We will ensure there is at least £2,000 in reserve at all times.
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Structure, Governance and Management
Governing Document
The charity is a Charitable Incorporated Organisation, registered on the 2nd June 2016. It is governed by the Fieri Consort Charitable Constitution.
Trustee roles and appointment
The board of trustees is made up of no less than three members who meet twice a year to discuss current activities of the charity, assess the charitable performance of the group and advise on future plans and fundraising. New trustee members may be put forward by current trustees or members of the group and are considered based on experience and relevant musical and/or charitable knowledge.
Management
The trustees appoint a Consort Manager who is also a member of the Consort, Hannah Ely, to manage the day-to-day activities of the group and delegate as appropriate to other key members of the group. The Manager may also seek support for general administration and specific projects when financially viable to do so.
Remuneration
The trustees have approved remuneration for administration time for the Consort Manager and other members of the group who take part in the management of the Consort.
No individual received remuneration in excess of £60,000 in either year.
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Statement of Financial Activities for the year ending 31st May 2021
| 2021 | |||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Prior period | Further | |
| funds | funds | funds | total funds | details | |
| £ | £ | £ | £ | ||
| Income and endowments | |||||
| from: | |||||
| Donations and legacies | 26,393 | 5,000 | 31,393 | 36,179 | A1 |
| Charitable activities | 28,527 | 10,000 | 38,527 | 24,110 | A2 |
| Other trading activities | - | - | - | - | A3 |
| Investments | - | - | - | - | A4 |
| Other | - | - | - | - | A5 |
| Total | 54,920 | 15,000 | 69,920 | 60,289 | |
| Expenditure on: | |||||
| Raising funds | 5,995 | - | 5,995 | - | B1 |
| Charitable activities | 54,773 | 5,677 | 60,451 | 39,205 | B2 |
| Other | 480 | - | 480 | 480 | B3 |
| Total | 61,248 | 5,677 | 66,926 | 39,685 | |
| Net income/(expenditure) | (6,329) | 9,323 | 2,994 | 20,604 | B4 |
| Transfers between funds | - | - | - | - | |
| Net movement in funds | (6,329) | 9,323 | 2,994 | 20,604 | |
| Reconciliation of funds: | |||||
| Total funds brought forward | 29,139 | (3,562) | 25,577 | 4,973 | |
| Total funds carried | |||||
| forward | 22,810 | 5,761 | 28,571 | 25,577 |
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Statement of financial position as at 31st May 2021
| Current assets: Debtors Investments Cash at bank and in hand Total current assets Liabilities: Creditors: Amounts falling due within one year Deferred Income Total net assets or liabilities The funds of the charity: Restricted income funds Unrestricted funds Total unrestricted funds Total charity funds |
Total funds Prior year funds £ £ - - - - 29,051 26,057 |
|---|---|
| 29,051 26,057 |
|
| 480 480 - - |
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| 28,571 25,577 |
|
| 5,761 (3,562) 22,810 29,139 22,810 29,139 |
|
| 28,571 25,577 |
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Notes
Accounting Policies
The accounting policies adopted by the Fieri Consort are intended to enable a clear and transparent reading of the elements of the financial report.
Restricted and unrestricted funds
Funds are restricted where they have been raised for a clearly communicated purpose or project or have been designated as such by the donor. Unrestricted funds may come from sales of tickets or CDs and payment for concerts and workshops, whereas restricted funds generally arise from crowdfunding or individual giving.
Allocation of income and expenditure
Income/expenditure are allocated by project. Sales of CDs or tickets are allocated to the recording or performance/workshop relevant to the sale item, regardless of whether that item was purchased during the course of a different project. For example, a CD purchased at the end of a concert would be associated with the recording project for that CD.
A1 Income from donations and legacies
A grant from Angel Early Music Trust towards Marenzio project.
A2 Income from charitable activities
Comprised of payments from promoters to undertake charitable activities. A grant from the Genesis Kickstarter Fund for the Short Walk project.
Notes on Individual Projects
No specific notes on individual projects.
B1 Expenditure on raising funds
Fee paid to Non-Profit Growth for fundraising over the following 12 months.
B2 Expenditure on charitable activities
Restricted funds:
A £5,000 grant from Angel Early Music Trust to be spent on the Marenzio project Cost spent on collaborative East project with the Chelys Consort of Viols.
B3 Expenditure on other
External examiner’s fee, deferred expense to be paid in 2022.
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B4 Net income
Income from donations to be spent on projects falling in the next financial year.
C Creditors
No specific notes on creditors.
Analysis of movement in unrestricted funds
| Unrestricted funds b/f at 1.6.20 Net unrestricted income for y/ended 31.5.21 Total unrestricted funds at 31.5.21 |
£ 29,139 (6,329) |
|---|---|
| 22,810 |
Description of unrestricted funds
Net deficit (after expenditure) is £6,329, comprising fees from promoters, CD sales, ticket sales, donations and Fieri Friend subscriptions minus expenses of performers’ fees, venue hire, promotion, general administrative expenses and CD manufacturing.
The financial statements have been prepared in compliance with the Charities SORP (FRS 102) and the Charities Act 2011.
The financial statements were approved and authorised for issue by the trustees on _____ and are signed on their behalf by:25th March 2022
...............................................................................
Michael Roberts
………………………………………………………... - Trustee
QV/H Cocke, Vellacott & Hill CHARTERED ACCOUNTANTS Unit 28 City 8usiness Centre Lower Road LONDON SE16 2XB Tel.- 0207394 1717 Fax.. 020 7740 1673 E-mall-.lttfo@tyh8tcountants co.uk Web.. www.c¥haccountants.co.uk INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FIERI CONSORT I report to the charity trustees on my examination of the accounts of the Fieri Consort I'the charitVI for the year ended 31 May 2021. RESPONSIBILITIES AND BASIS OF REPORT As the charity's trustee5 you are responsible for the preparation of the accounts In accordance with the requirements of the Charities Art 20111.the 2011 ACVI. I report in respect of rny eKamination of your charitls aetounts as tarried out under section 145 of the 2011 Act 1.the 2011 Act'l. In carrying out my examination I have followed thè Oirections given by the Charity Commission under section 14515llbl of the 2011 Act. INDEPENDENT EXAMINER'S STATEMENT I have cornpleted my examination. I confirm that no material matters have corne to my attentlon In Connection with the examination giving me cause to believe that in any material respect.. 111 accountlng record5 were not kept in respect of the charity as requlred by section 130 of the Act.. or 121 the accounts do not accord with those records; or 131 the accoLtnts do not comply with the applicable iequirements ¢oncernlng the form and contents of accounts set out in the Charities (Accounts and Reports) Regulations 2008 othèr 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 no coneems and have come acTOSS no other rnatter5 in connection with the èxamination to which attention should be drawn in this report in order to enable a proper understanding of the account5 to be reached. DAVID WARREN BA FCA Cocke, Vellacott & Hill Unit 3 Dock Offices Surrey Quays Road LONDON SE16 2XU 28 March 2022 D.K. WARREN IPartnerl LA. PANAYI IPartnerl J.A. RUSSELL (Conwdntj C.W. BAlEy IConwttaDrl Cocko, Vellacott & 15 a p4rtner5hlp re8&iered to carry out audht wotk h tht UX by the In5tttutq of ChatlerÈd Acc4untants In £nd and Walei Oetalls of our avdlt reii5trètiun(an bEMewed at wwW.4UdreP3ter.VrE.th underreferenre numberCIY)5310520.