LONDON WELSH MALE VOICE CHOIR (Cor Meibion Cymry Llundain) Report of the Trustees and Financial Statements For the Year Ende(I 31st December 2021 LONDON WELSH MALE VOICE CHOIR (Cor Meibion Cymry Llundain) ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 3181 DECEMBER 2021 7Je Trustees of the London Welsh Mal8 Voic8 Choir pres8nt their annual report for the year ended 21st December 2021 under the Chartties Act 2011. together wtth the independendy examined acwunts for the year, and confirn that the latter ￿Mptyw[th the requirements of the Act, Consts"tution and in a(￿rdan￿ with the Statement of Recommended practi￿ applicable to charits'es preparing their accounts in accordan￿ wtth the Financial Reporting Stsndard applicable in the Unitsd Kingdom and Republic of Ire18nd {FRS1021. I. OBJECTIVES AND AcnvmES The Cholrfs Charltabh Objects wern updated in 2021 and accepted by Chailty Commission. Charnable Objects The Objects of the CIO are to benefft the public in such charitsble manner as the Charity Trustees in their absolute discretion shall detemine, and in particular by.. l. Advancing the educalion of the public through the promolion and performan￿ of Choral Music particularfy. but not exdusively. by perfomiing works composed and lor written by those of Welsh ongin and lor in the W8lsh language 2. Advancing public knowledge and understanding of the heritage and tradibon ofwelsh Male Voice choral singing in parkncular. but not &xclusively. by performing in those places where familiatrty and understanding of such music is less prevaFent. 3. Supporting and assisting, for the public benefit, other such charitable or9anisations in the advancement of their own obie(ts in such ways as the trustees shall from b'me to time detemiine. 4. Providing a diverse community of supportive and likeminded individuals to promot8 mental and physical wellbein9 through singing and the development of individual musical capabllities and CoMpeten￿eS Activities During 2021 there were a number of COVID restrFCtions in plac8 that impacted the abilty of the Choir to Derform in public. The Ghoir was able to perfomi only 3 ts'mes in public.. appearing on A League of Their ￿Vn, performing at Suss6x Gardens and at the 02. The Choir also worked wrth Andy Huntley on Find Yourself. The Chorus also appeared at three funerals and one wedding. The Choir started 2021 conducting wee￿Y on-line rehearsals. As restrictions eased rt was possible for the Choir to revert to in Derson weekly ￿hearsalS at the London Welsh Centre. The Choles flrst public concert performance was In September 2021 after an 18 month gap due to COVID. During the year we recrutted 4 new members, as part of our continuing drtve to attract a new g8nèratrJn of choristers. PubliG Benefit The trustees have complied wtth their duty to have due regard to the guidance on public benefit published by the Charity Commission in exerusing their rowers or duties. LONDON WELSH MALE VOICE CHOIR (Cor Meibion Cymry Llundain) ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 3181 DECEMBER 2021 2. ACHIEVEMEKfs AND PERFORMANCE In the èxceptional arcumstan￿ of 2020 and 2021. the fundamental objective and primary achievement of the choir was lo keep the choir loaethef. As restrictions eased the focus was on seeking to return to normal and to prepare for in pèrson concert perfomances again 3. FINANCIAL REVIEW 2021 was a relattvelv inactive year. There was a net movement (decrease) in unrestricted funds by year end 2021 of £15,148 from the year before to a figure of £66,750. In 2019, the Choir re￿iVed a bequest of £30,000 which is held as restricted funds. With interest. as at end of 2021 this fijnd stands at £25,070. £5.000 of the bequest was used to support the mposition of°Four Welsh Psalms.. Voluntary income (subs￿Iplions and donations) for the year was £8.685. Income from product sales in 2021 was £443. stC￿ is estimated in the aco)unts at £3.135. The financial ststemenls set out herein have been prepared from Xero sthare r8cords maintsirsed by the Choirfs Financè team. ReseNes Pollcy The trustees review the choirfs requirements for r￿8erVeS in aC£ordan￿ with the main risks to the organisalion. It has 8Stablished a policy of rnainlaining reserves of £50,000 which are considered sufficient to meet the working capital requirements of the choir to cover expenditure for a perM)d of 1 year. 4. STRUCTURE. GOVERNANCE AND MANAGEMENT Governing DoGument rhe Choir was first regist&r8d a Chartty on 1 st July 1971. As an uninCor￿rated 8SSOCi8tion under the 1968 rules that were applicable at the time there was no requirement for a Trust Deed a$ the Charity is govemed by its ￿nstItUtion and rules which were amended in 1989, February 2008, Decembér 2009 and December 2014. Al the end of 2016, the Choir wnverted to a Charrtable Incorporated OrganisatioD.. Governlno Body The structure of tho Chartty comprises of a Committee of 11 Trustees and a Managing Commlttge of the Trusttres plus crTropted mernbers. Appolntment and Tralning of Tn￿te•S The Trustees are elected by the Choir at its Annual General Meeting {AGM} for a 12 month period or by the Choir at an Extraordinary General Meeling (EGM) for the Deriod from the date of the EGM until the date of the next AGM. Nominations are submtit8d to the Choir Secretsry in accordance with the Choir Constitution. It is the policy of the Choir to app)int Trustees who are mature individuals LONDON WELSH MALE VOICE CHOIR (Cor Meibion Cymry Llundain) ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st DECEMBER 2021 'Nith considerable eXper￿nCe in fields suth as Administration. Education, Finance, Marketing and Yuman Resources gained by holding ￿SpOnsible positions outside the Choir. It is cOnsequen￿Y not necessary for thém lo havè extensive training apart from ensuring they are up to date with any new developments in the field of Charity Administratson. Organisatlonal Alanagement The Trustees are legally responsible for the overall management of the Choir and meet as the Managing Committee normalty once a month (usually on the first Monday of the Month) with the Co- opted members in attendance rf required Present but not entitled to vote. The Trustees meet on an "as required" basis to deal WFth such matters as the Approval of Accounts and the remuneration of professionals. I he work of implementing the policies agreed by the Managing Committee is delegated to the members of the Managing Committee 2nd to nominated Sub-committees. Each SulFCommittee Chairman on request submits a reportlminute5 of meetings to the Managing Committee for their consideralion ana approval. Risk Management The Trustees are responsible for the management of risks ta￿d by the Choir. Detalled consideration of the Tisks is delegated to the members of the Managing Committee and Chaimien of the Sut Committees who are 8SSiSted by Committee or Choir members wth experbse in particular fields. Identffication, monrtoring and recommended mitigatson measures are 8mbodied in the monthly reports submitted to the Managing Committee. Discussions take placE wllh the InsuranGe Brokers spelling out risks and an Insuran￿ Policy arranged to ensure risks are covered. In addition, an independent Financial Risk Oversight Workn"ng Group is in pla￿ to review any major project {currenty wh8re kX)tential expenditure is greater than £10.000: (figure kept under review)). 5. REFERENCE AND ADMINISTRATIVE DETAILS Name of Charity- London Welsh Male Voice Choir (Other title known as- LWMVC and Cor M8ibion Cymry Llundain). Charity Registration No.. 1170727 PRINCIPAL ADDRESS: The London Welsh Centre 157-163 Gray's Inn Roa London WC1X 8UE Webstte . www.londonwelshm TRUSTEES The Trustees of the Choir have been elected by the Choir Members at the Annual General Meeting of the Choir or rf no￿Ssary at an Extraordinary General Meeting. They all served in office throughout 2021 unless shown otherwise below. LONDON WELSH MALE VOICE CHOIR (Cor Meibion Cymry Llundain) ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st DECEMBER 2021 chairn￿n David Jones Vlcè4hairman Richard Snowdo Secretary Richard Griffiths Treasurèr Alun Edwards ConGert Secretary David Sortop. Reglstrar Bripn Johnson Volce Representatives Nick Jor>es Eryl Davies Rhodri Morgan (Resigned AGM 20211 Tristan Wgst {Appointed AGM 2021 J John Edwards (Resigned AGM 2021) Phillip Gnffith (Appointed AGM 2021) STATEMENT OF TRUSTEES, RESPONSIBILrriES The charity trustees are reswnsible for preparing an annual report and financial statements In accordance with applicable law and United Ktngdom Accsjjnting Standards (United Kingdom Generalty Accepbj Accounting Practi￿1. The law applicable to charities in England and Wales requires the charity trustees to prepare finanaal statements for each year which give a tnje and fair vtew of the stste of affairs of the charity and of the incoming resources and the application of resources for that pencé. In preparing the financial statements. The trustees are required 10: Select Suitab￿ accounting wlioes and then apply them consistenty" Obs8rv6 the methods and princtples of the Charities SORP., Make judgements and estimates that are reasonable and prudent: State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements.. Prepare the financ￿1 ststements on the going concem l)ass unless it ￿ inappropriaie to presume that the chanty will conb'nue in business. The trustees are responsible for keeping proper accounting records that disclose wilh reasonable accuracy al any time the financial position of the charity and to enable them to ensure that the financial statements compty with Chartlies Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the Pfovisions of the ConStitu￿n and Rules. They are also responsible for safeguarding LONDON WELSH MALE VOICE CHOIR (Cor Meibion Cymry Llundain) ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st DECEMBER 2021 the assets of the charity and hence tsking reasonable steps for the prevention and detection of fraud and other irregularit he trustees are responsible for the maintenanc8 and integrity ofth8 charity and finan￿al infrjnnation included on the charity's website. Approved by the Trustees of the London Welsh Male Voice Choir on 6 Oraober 2022 and signeo on its behalf by.. OAVID JONES Chalrman London Welsh Male Volee Cholr (Cor Meiblon Cynyy Llundaln) Statement of Ilnanclal activitias for the year ondod 31 Docomber 2021 No*s 2021 2020 ￿￿￿trI¢l•d R•strKt•d Tt*al Uwgstrlctsd R•$irf¢tsd Total furxts tr*ome Oonaiions and legacies Charitsblo a￿￿ts"eS Othertrading acliwiti88 Totsl Inethn• 8.665 10.055 440 19.180 8.885 10.055 443 8.482 4.871 713 6,482 4071 737 24 24 12.090 19.183 12.066 Expvndlture Raising ￿ndS haritsbl& adwties Other costs 9.034 17.827 7,468 34.329 s.0￿] 14.034 17,827 7,468 5.000 39.329 7.fj86 15.803 6,728 30,216 7,685 15003 6.728 30216 Totyl•xp•ryllfyr• N•t In¢om•lJsts. Stocks Stock is valued at the lower of ry)5t and net realisable value. af¢r making due allowanc* for obsolete and dow moving items. 1A Costs ￿ raislng fuThJ5 Costs ofralslng fvnds are expenditure on goods purchased for resale. Costs of charitabl• actfviths Costs of charitable activibes princtpally indude expenditsjre on staging conixrts and other fund rdisino events and are accounted for on an acJxJal basio Other ¢osts Othef costs include govemance. managementand administration expenditure not dirèdly related to the tharitable adivity of Ajndraising vènbjres 8nd are accounted for on an a¢cnJal basTrs. London Welsh Alale Vo1¢8 Choir IC6T Melblon Cynry Llundaln) Notgs to the financial statements for tho ygar ended 31 O￿aMber 2021 2 Dry¥tkrn and1•ga¢b•¥ 2021 1020 &1b￿￿11)n$ and donabons Legacy-see note 9 8fi85 6.48 8,482 Th8 Charity benefits gr8alJytrorn Iho Inw)Iv8Thft1 and &nthusiasbCSUPIKJrtofits many voluntser5. dgtr118 ot which are given in ourannual ￿P￿l The eo)nomic contrTbutic￿ ol Volun*8￿ is notwngnised in the accounts 3 ChnrltalJl• aGli¥1kn6 2021 2020 I>os5 In(>Jrne frDm mncerts 10.055 4,871 4 Qth•rtrathw acthrti•• 2021 2,020 Produclsales 737 S T1*alex￿r￿* 8asL% ¢¢ allo¢. Ral>lrvJ ¥th11kn8 2021 Totsl 2020 Toi41 CL*ts (knety alk¢atsdtoa¢thTIt Gosl ofstsging ¢>)nLXrt8 and knurs Cost olpfoducing goods Direct Direct 17027 17B27 14.034 15.803 14.034 Support Costs Ac(Lunts examinati Bookkeeping Choristeis, unIbM￿ and ye8entstion5 Publi¢￿, marteL4ng, advartlsing and donafjon8 Printin9 al￿ ctrnrnunication 0th8r aiJrninistsb"v• costs 1555 2.1CKI 14801 2,496 2.496 175 175 85 3.177 250 426 4.432 3.1 14.034 17.827 39329 30216 London Welsh Male Volce Choir (Cor Meibion Cymry Llundaln) Notes to the financial statements for the year ended 31 December 2021 2021 2020 6 Stocks Goods for resale StOGk of cloth for uniforms 2.500 635 2,500 635 3,135 3,135 7 Debtors Prepayments other debtors 677 2.500 1,634 3,177 8 Credttors - amounts due within one year Other creditors Accruals 7.272 1.874 8.242 3.345 9.146 11.587 9 Restrlcted fund Legacy received Commission of 4 Welsh Psalms Interest income 30.000 (5,000 j 70 30,000 67 25.070 30.067 In 2019 Ihe Trustees received £30,000 under a will whose temis require the legacy remain anonymous. The legacy, both capital and income, is only to be used to supportthe promotion ofthe Choir and Is subject to the Objects ofthe LWMVC. The funds are to be separated from the 'operational finance. of the Choir. io ## **LONDON WELSH MALE VOICE CHOIR** ## **Independent Examiner's Report to the Trustees of London Welsh Male Voice Choir** I report on the accounts of the charity for the year ended 31 December 2021 which comprise the statement of financial activities, the balance sheet and related notes 1 to 8. ## **Respective responsibilities of trustees and examiner** The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to: - examine the accounts under section 145 of the Charities Act; - follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the Charities Act; and - 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 the 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 Charities Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act 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. ## Zahid Hussein For and on behalf of Z group Chartered Accountants Room 405 Highland House > 165 The Broadway, Wimbledon London SW19 1NE > 10 October 2022 11