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2024-07-31-accounts

Natural Voice Network Charitable Incorporated Organisation

Registered charity 1171644

Trustees annual report and Financial statements for the year ended 31 July 2024

Natural Voice Network CIO

Annual report of the trustees for the year ended 31 July 2024

The trustees present their annual report together with financial statements for the period under review. The trustees have adopted Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) and the Financial Reporting Standard applicable in the UK (FRS 102) in preparing the annual report and financial statements of the charity.

The attached financial statements cover the year ended 31 July 2024.

Objectives and activities

The objects of the charity, as stated in its governing document, are the advancement of the art of natural voice singing with the public through the maintenance, development and improvement of the practice of natural voice and community song, and in particular the development of practitioners.

These objectives are achieved by:

The trustees have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers and duties.

Achievements and performance

created and sold through Choir Community and passing these on to the composers, worldwide

Financial review

The principal funding source of the charity is membership subscriptions.

A summary of the charity’s financial transactions during the year is as follows:

22-23 23-24
£ £
72992 Incoming resources 80031
82044 Resources expended 80881
_____ _____
£ (9052) Net (defcit) £ (850)
32194 Balance at start of year 23142
_____ _____
£ 23142 Balance at end of year £ 22292
_____ _____
674 Membership at start of year 667
667 Membership at end of year 744

Reserves

The charity aims to hold a level of reserves to continue its activities by covering operational costs and emergency expenditure, to manage cash flow and mitigate any downturn in income. The charity is also obliged to pay advance deposits on venues for events and if an event did not take place, the charity might forfeit the deposits and be liable for other associated costs. The trustees have agreed that the charity’s bank account should not fall below a figure representing 50% of annual membership income. The trustees consider the current level of general reserves is necessary and appropriate taking into account continuing commitments.

Structure, governance and management

Natural Voice Network is a charitable incorporated organisation (CIO) with voting members other than its trustees, formed on 16 February 2017. It is a registered charity in England and Wales (number 1171644) and operates under a constitution adopted upon incorporation.

The charity’s principal address is 10 St. Albans Road, Sheffield, S10 4DP.

The charity is managed by trustees appointed at a general meeting by the members. Additional trustees may be co-opted by existing trustees, but must be confirmed in office by members at the subsequent AGM. The constitution limits the term of individual trustees to periods of four consecutive years. At each AGM one third of the trustees retire by rotation but are eligible for re-appointment if not at the end of their term. The trustees meet several times a year in person or by video call.

Trustees who served during the during the year under review were:

Co-opted Appointed Stood down
Jessica Baker 09.01.21 20.03.24
Tembre de Carteret 14.01.23 19.05.24
James Dawes-Hughes 09.01.22 11.01.24
Siobhan Donnelly 09.01.22 10.05.24
Lisa Doscher 30.09.22 14.01.23 20.03.24
Satnam Galsian 09.01.22 27.11.23
Rose Hodgson 14.01.23 19.05.24
Neal Jolly (treasurer) 08.06.22 14.01.23 19.05.24
Roxane Smith 11.01.20 13.01.24
Kate Valentine 14.01.23 19.05.24
Omolara Awen 19.05.24
Clara Clay 19.05.24
Rebecca Denniff 19.05.24
Aaron Evans 19.05.24 21.05.24
Sarah Harman 19.05.24
Una McCann 19.05.24
Lucky Moyo 19.05.24 19.08.24
Ryan O’Riordan (treasurer) 19.05.24
Andrea Small 19.05.24
Sorrel Wilde 19.05.24

No remuneration or waiving of subscriptions were given to trustees. Details of expenses reimbursed

The trustees declare that they have approved the above report. Signed on behalf of the Interim Trustee Board

Ryan O’Riordan Trustee

Date: 3 December 2024

Natural Voice Network CIO Statement of financial activities for the year ended

31 July 2024

22-23
note
£ £
Incoming resources
Charitable activities:
30123 Membership subscriptions 31980 1
37478 Events 41332 2
2146 Publications 2508 3
60 Workshops 500
3185 ARCH levy 3550 5
Donations 161
___ ___
£ 72992 £ 80031
___ ___
Resources expended
Charitable activities:
31782 General charitable activities 31850 4
43363 Events 43428 2
1036 Publications 1015 3
500 Workshops 1848
1774 Event bursaries including annual gathering 1000
3589 ARCH grants including annual gathering 1740 5
___ ___
£ 82044 £ 80881
___ ___
£ (9052) Net movement in funds (defcit) £ (850)
32194 Balance at 1 August 2023 23142
___ ___
£ 23142 Balance at 31 July 2024 £ 22292
___ ___

Natural Voice Network CIO Balance sheet 31 July 2024

Natural Voice Network CIO
Balance sheet
31 July 2024
22-23
note
£ £ £ £
Current assets
1644 Stocks 2258
3396 Debtors & prepayments 23449 6
36313 Cash at bank 17725
_ _
41353 43432
Creditors: amounts falling due within one year
17322 Amounts received in advance 20408 7
888 Creditors & accruals 732
18210 ______ ______ 21140
_ _
£ 23143 Total net assets £ 22292
_ _
Funds of the charity
1631 Restricted funds 3441 5
21511 Unrestricted funds 18851
_ _
£ 23142 £ 22292
_ _
Approved by the trustees on 27 November 2024
Signed on their behalf by
Ryan O’Riordan
Trustee/Treasurer

Natural Voice Network CIO Notes to Accounts

for the year ended 31 July 2024

22-23

1 Membership income

Number of members:
31 July 2022 674
31 July 2023 667
31 July 2024 744
£ £ £ £
29962 Membership subscriptions 31827
161 E-mail services 153
__ __
£ 30123 £ 31980
__ __
Subscriptions are allocated to each accounting year with the amount
relating to the subsequent year shown as received in advance (note 7).
2 Events
Annual gathering
37478 Fees received from participants (including bursaries) 41332
Less: expenses:
31383 Venue hire 34639
4313 Event organiser 3004
834 Organising committee accommodation 1080
2251 Tutor fees, travel & accommodation 656
1710 Recording, videography, streaming 900
335 Sundry expenses and offce costs 311
707 Payment processing fees 774
41533 __ __ 41364
__ __
£ (4055) Operating defcit for year £ (32)
Additional expenditure:
1560 Administration charge 1640
270 Accommodation for administrator 270
1830 __ __ 1910
_ _
£ (5885) Defcit after additional expenditure £ (1942)
_ _
Yorkshire Regional Day expenditure 154
_
Total
37478 Income 41332
43363 Expenditure 43428
__ __
£ (5885) Defcit for year £ (2096)
__ __

Natural Voice Network CIO Notes to Accounts for the year ended 31 July 2024

Natural Voice Network CIO
Notes to Accounts
for the year ended
31 July 2024
22-23
£ £ £ £
3 Publications
To Grace the Earth
690 Sales 940
Less : expenditure
14 Payment processing fees 20
__ __
£ 676 Surplus for year £ 920
__ __
This Room Sings
1456 Sales 1568
Less : expenditure
659 Production costs 721
168 Administration charge 183
169 Postage and packing 73
26 Payment processing fees 18
1022 __ __ 995
__ __
£ 434 Surplus for year £ 573
__ __
Total
2146 Income 2508
1036 Expenditure 1015
__ __
£ 1110 Surplus for year £ 1493
__ __
4a Resources expended on general charitable activities
8764 Contractor costs: administration 9483
2317 Contractor costs: bookkeeping 3621
302 General travel and related expenses 162
1946 Trustees' expenses (see note below) 1309
2430 Accommodation for trustees at annual gathering 2430
1791 Trustee training 0
Mediation and legal fees 1608
428 Room hire 0
7503 Members' insurance scheme 8116
168 Website management & hosting 2040
2948 Website development 150
225 Offce costs 239
625 Independent accounts examination 675
1017 Payment processing fees 848
835 Software costs 887
83 Subscriptions 82
400 Consultancy fees – ARCH levy 200
__ __
£ 31782 £ 31850
__ __

Natural Voice Network CIO Notes to Accounts for the year ended 31 July 2024

22-23

£

£

4b Trustees' expenses

Trustees are reimbursed for expenses incurred in the course of carrying out their duties: travel based on a mileage rate of 45ppm or fares incurred, other expenses based on invoices produced.

1088 Travel 904 444 Subsistence 405 414 Accommodation 0 1946 _ _ 1309 __

No remuneration or waiving of subscriptions were given. Attendance at a the annual gathering (accommodation cost £2430) is provided to enable attendance at the AGM and associated trustees meeting and facilitate interaction with members.

5 Restricted Funds

Anti Racism & Cultural Honouring 2035 Balance brought forward 1631 3185 Membership levy 3550 (3589) Less: grants made (1740) _ _ £ 1631 Balance carried forward £ 3441 _ _

6 Debtors and prepayments

2993 Annual gathering 20250 Insurance 2843 403 Subscriptions 356 _ _ £ 3396 £ 23449 _ _

Advance payment was made in respect of the Annual Gathering to be held in January 2025, which could be considered a material risk. At the date of accounts approval, the trustees are not aware of any realised risk.

7 Amounts received in advance

£ 17322

Membership subscriptions allocated to subsequent year £ 20408

Natural Voice Network CIO Accounting policies Year ended 31 July 2024

Summary of significant accounting policies

a) General information and basis of preparation

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) effective 1 January 2015 as updated through Update Bulletin 1, published on 2 February 2016, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, and UK Generally Accepted Accounting Practice (GAAP).

The charity does not include a cash flow statement as it is applying FRS 102 Section 1A.

The financial statements are prepared on a going concern basis under the historical cost convention modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the charity.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies are consistently applied to all years presented unless otherwise stated.

b) Funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised or allocated by the charity for particular purposes.

c) Incoming resources

All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

Membership subscriptions are apportioned to each accounting year with the amount relating to the subsequent year shown as received in advance (note 6).

d) Resources expended

All expenditure is accounted for on an accruals basis. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.

Where deposits are paid for services to be delivered after the year end, and at the time of accounts preparation have been delivered or there is reasonable expectation that the services will be delivered, these are allocated to the subsequent year and are therefore included as prepayments (note 5).

Grants payable to third parties are within the charitable objectives. Where unconditional grants are offered, this is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectation that the recipient will receive the grant. Where grants are conditional to performance then the grant is only accounted for when payment becomes due, but is noted as a capital commitment if significant.

e) Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for twelve months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

Independent examiner's report to the trustees of Natural Voice Network CIO for the year ended 31 July 2024

Respective responsibilities of treasurer and examiner

The charity’s trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

The charity’s trustees consider that an audit is not required for this year under section 144 of the Act and that an independent examination is needed. An audit is not required by the charity’s constitution.

Basis of independent examiner’s statement

It is my responsibility to:

My examination was carried out in accordance with 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 the 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

I confirm that in the course of my examination, no matters have come to my attention that give 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 content 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.

Christopher Lee Cider Mill Cottage, Haw Bridge, Tirley, Gloucester, GL19 4HJ 5 December 2024