1
## Fieri Consort
(A Charitable Incorporated Organisation)
Report and Financial Statements Year Ending 31st May 2022
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 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:
- Fundraising for the development of projects and for the administration of the group.
- Exploring ways of engaging new audiences.
- Making recordings available of lesser-known gems of the early repertoire and new works by contemporary composers.
- Commissioning works.
Our main areas of activity undertaken to further the charity’s purposes for the public benefit are as follows:
- Concert performances.
- Educational workshops.
- Recordings.
- Collaborating with other art forms
- This financial year, the specific activities which follow under these headings were:
- Releasing The Destined Knot - an album featuring madrigals by Marenzio with a specially-commissioned animated film by artist Eleanor Meredith.
- Working digitally with Choir of the Earth (previously known as the Self-Isolation Choir)
- Performing the modern world premiere of Casulana’s 5th book of madrigals on International Women’s Day, live on the radio.
- Performing abroad at the Utrecht Early Music Festival.
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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:
- We performed a version of the Il Pastor Fido programme with Lux Musicae at Brighton Early Music Festival.
- We completed the collaborative project on Michael East with Chelys Consort of Viols with a UK tour: Wales, Lichfield, Lincoln, London. This involved outreach work with the cathedral choir of Lichfield.
We performed abroad, reaching new audiences:
- Utrecht Early Music Festival (The Destined Knot)
We collaborated with musicologist Prof Laurie Stras on a new programme featuring the music of Maddalena Casulana:
- We performed the modern world premiere of her 5th book of madrigals at Kings Place, London, broadcast live on BBC R3 and internationally through the European Broadcasting Network.
- We began to prepare to record this music.
This year we continued to focus on digital projects, developing A Short Walk, The Destined Knot and undertaking various recordings for the Choir of the Earth (previously known as the Self-Isolation Choir).
We collaborated with the Chelys Consort of Viols for a tour of our Michael East programme. For this they received a grant from the Continuo Foundation.
## Financial Review
Over the course of the financial year the charity had a net deficit of income over expenditure of £16,068, as projects were delivered for which funding had been received in previous years. As a result, the overall surplus carried forward at the end of May 2022 was £3,660.
## 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 2022
|2022||||||
|---|---|---|---|---|---|
||**Unrestricted**|**Restricted**|**Total**|**Prior period**|**Further**|
||**funds**|**funds**|**funds**|**total funds**|**details**|
||**£**|**£**|**£**|**£**||
|**Income and endowments**||||||
|**from:**||||||
|Donations and legacies|10,699|6,712|17,411|31,393|A1|
|Charitable activities|36,721|-|36,721|38,527|A2|
|Other trading activities|-|-|-|-|A3|
|Investments|-|-|-|-|A4|
|Other|-|-|-|-|A5|
|**Total**|47,420|6,712|54,132|69,920||
|**Expenditure on:**||||||
|Raising funds|-|-|-|5,995|B1|
|Charitable activities|63,488|16,035|79,523|60,451|B2|
|Other|-|-|-|-|B3|
|**Total**|63,488|16,035|79,523|66,446||
|**Net income/(expenditure)**|(16,068)|(9,323)|(25,391)|3,474|B4|
|**Transfers between funds**|-|-|-|-||
|**Net movement in funds**|(16,068)|(9,323)|(25,391)|3,474||
|**Reconciliation of funds:**||||||
|Total funds brought forward|19,728|9,323|29,051|25,577||
|**Total funds carried**||||||
|**forward**|3,660|-|3,660|29,051||
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## Statement of financial position as at 31st May 2022
|**Current assets:**
Debtors
Investments
Cash at bank and in hand
**Total current asset****_s_**
**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**
**£**
**£**
-
-
-
-
4,140
29,531|
|---|---|
||**4,140**
**29,531**|
||480
480
-
-|
||**3,660**
**29,051**|
||-
9,323
3,660
19,728
3,660
19,728|
||**3,660**
**29,051**|
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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, individual giving or a grant-making organisation.
## 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
Restricted funds raised from a crowdfunding campaign raising funds towards Marenzio project.
## A2 Income from charitable activities
Comprised of payments from promoters to undertake charitable activities.
## Notes on Individual Projects
No specific notes on individual projects.
## B1 Expenditure on raising funds
No specific notes on raising funds
## B2 Expenditure on charitable activities
Restricted funds:
Funds raised through a crowdfunding campaign spent on the Marenzio project. Grant from Genesis Foundation carried forwards from y/ended 31.5.21 for Short Walk project spent on the Short Walk project.
Grant from Angel Early Music carried forwards from y/ended 31.5.22 for Marenzio project and spent on the Marenzio project.
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## Analysis of movement in restricted funds
|Restricted funds b/f at 1.6.21
Restricted income for y/ended 31.5.22
Restricted expenditure for y/ended 31.5.22
**Total restricted funds at 31.5.22**|£
9,323
6,712
16,035|
|---|---|
||-|
## B3 Expenditure on other
No specific notes on expenditure.
## B4 Net income
Expenditure of funds carried forwards from the last financial year on projects falling in the current financial year.
## C Creditors
No specific notes on creditors.
## Analysis of movement in unrestricted funds
|Unrestricted funds b/f at 1.6.21
Net unrestricted income for y/ended 31.5.22
**Total unrestricted funds at 31.5.22**|£
19,728
(16,068)|
|---|---|
||3,660|
## Description of unrestricted funds
Net surplus (after expenditure) is £3,660, 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.
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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 _________________7 April 2023 and are signed on their behalf by:
...............................................................................
## Michael Roberts
………………………………………………………... - Trustee
QVH
Cocke, Vellacott & Hill
CHARTERED ACCOUNT ANTS
Uni( 28 cily8usiS Cenrre
Lower Road
LONDON
SE16 2XB
Tel.. 020 7394 1717
Fax.. 0207740 1673
E-mail'.info@LvhacceuntsDts.co.uk
Web.. ww.cvhaccountsnts.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 1.the chariv) for the year ended
31 May 2022.
RESPONSIBILITIES AND BASIS OF REPORT
As the charws trustees you are responsible for the preparatlon of the accounts in accordance with the requlrements of
the Charities Act 20111.the 2011 Arfl.
I report sn respect of my examinatlon of your ¢hariWs accounts ascarried out under sectlon 145 of the 2011 Act 1.the 2011
Act"). In carrying out my examination I have followed the Dlrections glven by the Charty Commlssion under sertion
14515llbl of the 2011 ACL
INDEPENDENT EXAMINEWS STATEMENT
I have completed my examlnatlon. I conftrm that no materlal matters have come to my attentlon In connectlon wlth the
examlnation Blvln8 me cause to beSleve that in any materbal respect:
111 accountin8 records were not kept in respect of the chartty as required by se¢tlon 130 of the Act,. or
121 the accounts do not accord with those records; or
l?1 th¢ a¢coynt5 ¢Jo not comply wlth the applirHble requirements ¢onGefnin£ lh¢ form an¢J (ontenls of
accounts set out in the Charities (Accounts and Report51 Règvlatlons 2Crf)8 other than any requirement
that the 3¢¢ountS 8lve a "true and falrf wew which is not a rnattèr consldered as part of an independent
examination.
I have no concerns and have come across no other matters in connertion wtth the examlnation to which attention should
b¢ drawn in this report in order to enable a proper understandln8 of the accounts to be reached.
DAVID WARREN BA FCA
Cocke, Vellacott & Hill
Unit 28 Ctty Business Centre
Lower Road
LONDON
SE16 2XB
7 April 2023
D.K WARREN IP3therl
K.A. PANAYI (Partner)
JA. RVsSELLIConyJTht1
C.W. WLEY Ik¥ntI
Cocke, velkcotl & 14lN is 4 part[thp reostered tct (3ry out Ih the UK try tr* Insthte ot awrtered &1 wa*5. Detalh of our Judft