1
Fieri Consort
(A Charitable Incorporated Organisation)
Report and Financial Statements
Year Ending 31st May 2024
Charity number 1167419
2
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
3
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:
-
Working digitally and live with Choir of the Earth
-
Performing and releasing our recording of Maddalena Casulana’s 5th book of madrigals.
-
Planning to record the music of Christoph Graupner abroad in Copenhagen in collaboration with Camerata Øresund.
Financial Review
Over the course of the financial year the charity had a net income over expenditure of £11,525. This was made up of funds raised for the Graupner recording project which will be spent in the following financial year. As a result, the overall surplus carried forward at the end of May 2024 was £17,809.
Reserve Holding Policy
We will ensure there is at least £2,000 in reserve at all times.
4
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.
5
Statement of Financial Activities for the year ending 31st May 2024
| 2024 | |||||
|---|---|---|---|---|---|
| Unrestricte | Restricted | Total | Prior period | Further | |
| d funds | funds | funds | total funds | details | |
| £ | £ | £ | £ | ||
| Income and endowments | |||||
| from: | |||||
| Donations and legacies | 5,934 | 16,479 |
22,413 |
28,185 |
A1 |
| Charitable activities | 43,879 | - |
43,879 |
54,044 |
A2 |
| Other trading activities | 2,768 | - |
2,768 |
- |
A3 |
| Investments | - | - |
- |
- |
A4 |
| Other | - | - |
- |
- |
A5 |
| Total | 52,581 | 16,479 |
69,060 |
82,229 |
|
| Expenditure on: | |||||
| Raising funds | - | - |
- |
B1 | |
| Charitable activities | 57,535 | - |
57,535 |
79,605 |
B2 |
| Other | - | - |
- |
- |
B3 |
| Total | 57,535 | - |
57,535 |
79,605 |
|
| Net income/(expenditure) | (4,954) | 16,479 |
11,525 |
2,624 |
B4 |
| Transfers between funds | - | - |
- |
- |
|
| Net movement in funds | (4,954) | 16,479 | 11,525 |
2,624 |
|
| Reconciliation of funds: | |||||
| Total funds brought forward | 6,284 | - |
6,284 |
3,660 |
|
| Total funds carried forward | 1,330 | 16,479 |
17,809 |
6.284 |
6
Statement of financial position as at 31st May 2024
| 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 £ £ - - - - 18,289 6,764 |
|---|---|
| 18,289 6,764 |
|
| 480 480 - - |
|
| 17,809 6,284 |
|
| 16,479 - 1,330 6,284 1,330 6,284 |
|
| 17,809 6,284 |
7
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 for the Graupner recording project.
A2 Income from charitable activities
Comprising 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
Analysis of movement in restricted funds
| Restricted funds b/f at 1.6.23 Restricted income for y/ended 31.5.24 Restricted expenditure for y/ended 31.5.24 Total restricted funds at 31.5.24 |
£ - 16,479 - |
|---|---|
| 16,479 |
8
B3 Expenditure on other
No specific notes on expenditure.
B4 Net income
No specific notes on income.
C Creditors
No specific notes on creditors.
Analysis of movement in unrestricted funds
| Unrestricted funds b/f at 1.6.23 Net unrestricted income/(expenditure) for y/ended 31.5.24 Total unrestricted funds at 31.5.24 |
£ 6,284 (4,954) |
|---|---|
| 1,330 |
Description of unrestricted funds
Net income/(expenditure) is (£4,954), 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 preparwj in compliance with the Charitses SORP (FRS 102) and the Charities Act 2011. The financial ststements were approved and authorised f¢y issue by the trustees on and are signed on tsir behalf by: - Trustee
Cocke, Vellacott & Hill
C H A R T E R E D A C C O U N T A N T S
Unit 28 City Business Centre Tel: 020 7394 1717 Lower Road Fax: 020 7740 1673 LONDON E-mail: info@cvhaccountants.co.uk SE16 2XB Web: www.cvhaccountants.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 (“the charity”) for the year ended 31 May 2024.
RESPONSIBILITIES AND BASIS OF REPORT
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the 2011 Act”).
I report in respect of my examination of your charity’s accounts as carried out under section 145 of the 2011 Act (“the 2011 Act”). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
INDEPENDENT EXAMINER’S STATEMENT
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
(1) accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
(2) the accounts do not accord with those records; or
-
(3) the accounts do not comply with the applicable requirements concerning the form and contents of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other 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 concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
DAVID WARREN BA FCA Cocke, Vellacott & Hill Unit 28 City Business Centre Lower Road LONDON SE16 2XB
7 February 2025
D.K. WARREN (Partner) K.A. PANAYI (Partner) J.A. RUSSELL (Consultant) C.W. BRAILEY (Consultant) Cocke, Vellacott & Hill is a partnership registered to carry out audit work in the UK by the Institute of Chartered Accountants in England and Wales. Details of our audit registration can be viewed at www.auditregister.org.uk under reference number C005310520.