LONDON WELSH MALE VOICE CHOIR (Cor Meibion Cymry Llundain) Report of the Trustees and Financial Statements For the Year Ended 31 December 2023 LONDON WELSH MALE VOICE CHOIR (Cor Meibion Cymry Llundain) ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees of the London Welsh Male Voice Choir present their annual ￿p)rt for the year ended 31 DecembeT 2023 under the Charities Act 2011, tO8ether w¥th the independently examined atcount5 for the year, and confirm that the latter compfy with the requirements of the Art. Constitution and in accordance with the Statement of Recommended Practice applicable to charities preparing their accounts in actordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS1021- I. OBJEcnvES AND AcrivmES Charitable Objects The Objects of the Choir are to benefit the publie in such charitsble manner as the Charity Trustees in their absolute discretion shall determirEe, and in particular bv: l. Advancing the education of the public through the promotion and perfom)ance of Choral Musb particularly, but not exclusively, by perfomiing works composed and lor written by those of Welsh origin and lor in the Welsh lan8ua8e. 2. Advancing publit knowledge and understandlng of the heritage and tradltion of Wekh Male Voice choral singing in particular, but not Èxclusively. by perfomiing in those places vthere familiarity and understanding of such Music is less prevalent. 3. Supporting and assistin& for the public benefft. other such charitsble organisations in the advancement of their own objects in such ways as the trustees shall from time to time determine. 4. Providing a diverse community of supportive and likeminded indNiduals to promote mental and physical wellbein8 through Singing and the development of individual musi(al capabilities and competencie5 Attivities During 2023, the choir performed in its Red Jackets on 20 occasions, 11 of which were public concerts. The choir picked up strongly after the pandemic and was able to pursue its active policy of developing productive links with several charittes enabling us to undertake concerts in both major (including two cathedralsl and smaller venues across the country. To delwer against its objectNes. the choir requires a healthy. sustainable singing group. In 2023, the average number of members remained at 80+, wtth an average COn￿rt attendance of 60 choristers. In a typical concert 51N of the item5 are of Welsh origin, with a mlnimum of 33% in the Welsh languase. The Choir is always looking to encourage people to take up choral singing and to enjoy the repertoire that the Choir performs in rehearsals 3nd corscerts. During the year we recruited over 20 new members. as part of our continuing drNe to attrart a new generdtion of choristers. Public 8enefrt The trustees have complied with their dirtyto have due regard to the guidance on public benefit published by the Charty Commission in exercisin8 their powers of duties. LONDON WELSH MALE VOICE CHOIR (Cor Meibion Cyrnry Llundain) ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 2. ACHIEVEMENTS AND PERFORMANCE We perfomied. over the course of 2023, to"li¥e- audiences totsllin8 over S.0￿, supporting 5 different charittes I good causes and helping them to raise in ￿55 of £40.(KK). The Trustees feel the concerts hel(1 during the year continued to be SUC￿$sfUl givin8 a Chance for promotifig Welsh Works. Wèlsh culture and Male Voice choral muslc to be performed to thè wider communitv. In shaplng the objectives and supportin8 activrties for the year the Trustees have considered the Charity Commission's guidance on public benefit. The artivtties h05ted by or facilitated via the Choir have been accessible to all and have been broad ranging in terms of repertoire and content. We work with charities in preparing for our toncerts to help maximise publK interest and in turn help to 8enerdte income for those charities. Public access to the choir is very important and our rehearsals continue to be open lat no costl to the public and several people from the local community also stt in on these rehearsals during the year. In ad(lition, we welcome and ￿Ceive visits from people from further afield. including visitors who are horisters with various choirs across the world- as ewdenced by the many entries in our Visitors. Book. Friends of the Choir gave generously of their time to support the Choirfs culturnl and fundraising activities to the extent of more than 31X) hours of voluntary service durin8 the year and the Trustees wish to say how much their valuable work is appreciated. The membership scheme cal￿d "Friends ot the choi￿ is going from strength to strength. wtth its own websrte area linked to the Choirfs website and the provision of regular"Newsletters" to~Friend5" Via this websrte link. 3. HNANCIAL REVIEW 2023 was an att￿e year. with the Choir undertaking on average one public engagement per month. Over the year, there was a net movement lincreasel in unrestricted funds by year end 2023 of £7,053. Subscriptions and Donations income totslled £9.895. Income from product sales in 2023 was £1,549. Our stock level is estimated at £1,2￿. In 2019, the Choir receNed a bequest of £30.Cth which is hekl a5 restrirted funds. With interest, as at end of 2023 this fund stands at £17,201. In 2023. £8,337 of the bequest was used to supwrt the choirfs charitable objettives. The finan¢ial statements set out herein have been prepared from Xero Softwa￿ records maintained by the Choirfs Finance team. Reserves Poli(y The trustees review the choirfs requirernents for reserves in accordance with the main risks to the organisatson. It has established a policy of maintaining reserves of £50,(M)O which are tonsidered SLrfficient to meet the choirfs working capital requirements to cover expenditure for a period of i year. 4. SrRU￿uftE, fjOVERNANCE AND MANAGEMENT Governing Document The Choir was first registered a Charty on Istjuly 1971. As an unincorporated association under the LONDON WELSH MALE VOICE CHOIR (Cor Meibion Cymry Llundain) ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 1968 rule5 that were applicable at the time there was no requirement for a Trust Deed as the Charity 15 governed by its constitution and rule5 which were amended in 1989. February 21J)8. December 2009 and December 2014. At the end of 2016, the Choir converted to a Charttable Incorporated Organlsation. Govemlng 8ody The structure of the Charitycomprises of a Managing Commrttee of the111)Trustees plus ctropted members. Appointmeftt ond fmlning OA T￿￿ee$ The Trustees are elerted by the Choir at Its Annual General Meeting IAGMI for a 12-month period or by the Choir at an Extraordinary General Meeting IEGMI for the period from the date of the EGM until the date of the next AGM. Nominations are submÉtted to the Choir Secretary in accordance with the Choir Constrcution. It is the policy of the Choir to appoint Trustees who are mature indNiduals with considerable experience in fields such as Administration. Education. Finance, Marketing and Human Resources gained by holding responsible positions outside the Choir. It is Consequent￿ not necessary forthem to have extensive training apart from ensuring they are up to date with any new developments in the field of Charity Administration. Orgtynlsotional Monogement The Trustees are legally responsible for the overall management ¢)f the Choir and meet as the Mana8in Committee normally once a month with the QFOPted members in attendance rf required but not entltled to vote. The Trustees meet on an "as required" basis to deal with SLrch matters as the Approval of A¢￿￿nts and the remuneration of professional The work of implementing the policies agreed by the Managing Committee is delegated to the members of the Managing Committee and to nominated SubJrdance wth the Finanugl Reporting Standard applicab￿ in the Un￿ed lfjtyd(Mn arKI RepU￿1C of Ireland {FRS102). On Behalf of the Trustees of London Wel6h Male Voic¢ Choir Chairman Da￿d J Treasurer Alun E(tsards Apkyoved by the Commrttee on 11 London Welsh Male VoirA Cholr (Cor Meibion Cymry Uundaln) Notes to the financial ststements For the year ended 31 December 2023 Flnancial ststemeTrts These are the finan￿al statemerrts of The L￿don Wdsh Male VoKe Choir {COr M•"bion Cymry Llundain) (the Chanty), a Charitable Incorporated organisation constituted on 28 November 2016 aThJ registered with the Charities Commission numtw 1170727. The Charity is a publ￿ benefft enbty. 1 Accounting Policias Accounting Convenllon The finandal statements have been prepared under the historical c£6t conventson and indude the results of the chanty5 operatKins which are described in the Trustees ReF￿￿ and all ofwhth arn continuing. The financial statements have t*n prepared under the Chanties Act 2011 and in accordance wth the Statement of RecomffEnded P￿tt¢e applir2ble to charities preparing their acttjunts in acwrdance V￿th the Financial Reporh"ng standard aprdicable in the United Kingthi and Republ￿ of Ireland (FRS 1021. Incoms Voluntary in￿rne and donations are accounted for as recwved by the chanty. The income from fund raising ventures is ￿Unted for in the period in wh￿h the service ￿ provid&J and is shrywn grc6s, ¥￿1￿ the a5scKialed LX)sts included in fundraiyng costs. 1.3 Stocks Stock is valu&Y at the of cost aNI net realisabie value. after making due allowance for obsolète and slow mving items. 1.4 Fundralsing Costs Fundraising expendtiure comprises c¥3sts incurred in inducing Feople and Organisat￿n5 to contnbule financialty to the chanty's work and is accounted for on an accru21s basrs. This includes the cost of staging fund raising events. 1.5 Govgrnance Eyndlture Govemance expendrture on management and administratr.on of the charity indudes all expenditure not direcuy related to the charitalje activty of fundraising ventures. London Welsh Male Volce Cholr (Cor Melblon Cymry Llundaln) Notes to the flnancial stat￿ents for the year ended 31st December 2023 2 Oonalions and *cIos 2023 2022 Subs￿ptIOns 9,895 10,898 The Choir benefits greauy from the ir￿d¥en￿nI and enthuwslic 8uppcwi of its many vdunteers, detsils of whlch are givon in our annual r¢p)ri The e(xjrW)m￿ ￿nIn"t￿rtiOn of ￿lunteerS is not recc#3ni5ed in the awunts. 3 Charflable aGtivft•e¥ 2023 2022 Gross incLYne from various corwig 4 Other tradlng activltles 2023 2022 ProdLKt sales 5 Tolal ExpwditiFrè 2023 Total 2022 Total Cost of stagiNJ corKerts and Oire¢t Cost of prodLwig gtXKIs Direra 39,189 39.189 4.147 38,178 4,499 4.147 Support CQ8ts alloc•t•d to a¢livit Accountsncy Bookkeeping Choristers unifoFffts & presentAtKJr Publicty, marketirg, adverbsin9 a￿1 donatio Printing & CommuniLgb"t Other adnynistrats've ￿sts 2.160 2.160 3.168 3,168 351 814 53 3,469 17 3.207 17 3,207 4,147 39,189 8,719 52.056 49,163 London Welsh Male Voice Cholr (Car Meibion Cymry Llundain) Notes to the financial statements for the year ended 31st December 2023 STOCKS 2023 2022 Finishgj goods lor resale stock of doth for unrforms 565 635 1,565 63S 1,200 2,200 DEufoRS. Amoupifs FALUNG I)UE WITHIN ONE YEAR Prepayments other debtors 555 482 1.126 561 1.608 CREDITORS. AAiouKfs FALLING DUE WITHIN ONE YEAR Other credito Accruals 10.490 1.980 8,250 1.886 12,470 10.136 RESTRICTED FUND Legacy receNed CommissKJn of 4 Welsh Psakns Crowng the Bar Composit Salcombe Events Interest income 30.000 (5.000) (2,750) (5,5871 538 30,000 (5.0001 17.201 25,166 In 2019 the Tnjstees r￿eNed £30,000 un¢Jer a will whose lemis require the legacy rem8in anonymous. The ￿cy. both caprtal and income, is onty to be used to support the promotion of the Choir and is subi&t to the Obiects of the Lmlvc. The funds are to be separated from th$ "operational finarKe" ofthe Ch￿. io LONDON WELSH MALE VOICE CHOIR Independent Examiners Report to the Trustees of London Welsh Male Voice Choir I report on the accounts of the thaTTty for the year end￿ 31 December 2023 which comprise the statement of financial adiwties. the balance sheet and related notes 1 to g. Respective responslbilities 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 SeCt￿n 144 of the Charities Act 2011 {the Charitses Act) and that an independent examinats'on is need￿1. It is my responsibilty to: examim the accounts uThler SeCt￿n 145 of the Charities ACL follow the prOc￿ureS laid down in the general Directi￿5 given ty the Charity Commission urKler section 145(5)(b) of the CharitTres Ad. and stste whether particular matters come to my attention. Basis of Independent examine¢s report My examination was carrted out in accordano with the general Directions given by the Charity Commission. An examination includes a revEw of the ac￿nting records kept by the charity and a Gomparison of the accounts presented with those records. tt also includes consKJeration of any unusual items or disdosures in the accounts, and seeking explanations from you as twstees con￿mIre any suth matters. The prO￿dureS undertaken do not provide all thè eviden￿ thatwOU￿ be required in an audrt aThJ consequentty no opinion is given as to whether the a(￿oUnts present a Irue ana fair and the rewrt is limrted to those matters Set out in the statement below. Independent examinerfs statement In connection wrth my examination. no matter has come to my attenti￿. which gives me reasorkqble CAuse to believe that, in any material respect, the requirements.. to k￿p accounting ￿rdS in accordan￿ with section 130 of the Charitses Act", to prepare accounts whith accord with the accounting records and compty with the a¢￿￿nt￿l5 requirements of the Charitios Act nave not been me(. or to which, in my c¢)inion. attention should be drawn in order to ￿able a proper understanding of the accounts to be reathed. ZahKI Hussein For and on behaw of Z group Chartered Accountants Suite Lu.231 The Lightbulb 1 Filam8nt Walk, Wandsworth London SW18 4GQ 13 June 2024