## **Trustees’ Annual Report and accounts** 

## **Spinnaker Chorus – Charity no: 1177387** 

## **Period from 30 June 2021 to 30 June 2022** 

Spinnaker Chorus is a barbershop Chorus open to women aged from 16 years in the Portsmouth and surrounding area.  The Trustees oversee the day to day running of the club for members.  The Chorus does not employ any staff.  Spinnaker Chorus is a member of the Ladies Association of British Barbershop Singers (LABBS) which also has charitable status (no: 1151161). 

During this reporting period the Chorus continue to face significant challenges and constraints on our activities and ability to fulfil our charitable objects due to the global pandemic which included periods of government restrictions that prevented us from carrying out our normal activities. 

## **Our structure** 

We are a member’s organisation led by a Management Committee of volunteers from the Chorus. Our four Trustees are drawn from the Management Committee and include our Chair, Vice-Chair and Treasurer.  We hold ten Trustee meetings a year and an annual AGM which was held on zoom 23 February 2022. 

## **Our finances** 

Our primary source of income is from our members’ monthly subscriptions.  We also raise money through singing events and receive small donations.  Our financial year runs from 1 July to 30 June and our annual accounts to 30 June 2022 are enclosed.  Our accounts have been independently verified by Stuart Hoare, Chartered Accountants. 

## **Our activities** 

Summary of the main events and activities supporting our charitable objects as set out in our governing document: 

- **1 The development of skills in singing techniques at individual and group level through coaching, workshops, rehearsals and performance for the benefit and well-being of women of all ages and backgrounds in the Portsmouth area.** 

The Chorus meets weekly for rehearsals.  Each rehearsal is led by our Musical Director who is a Barbershop judge and educator.  Coaching in barbershop singing techniques is given by him to the Chorus as a whole, and to voice part sections by our Section leaders who are trained in barbershop techniques and giving feedback. 

For some of this period we were unable to meet for face-to-face rehearsals due to COVID 19 government restrictions.  We continued however to rehearse each week however on zoom or face to face with masks when possible. Our MD carried out educational sessions during some rehearsals to enhance the technical knowledge of our members. 

We continued to introduce a new song to learn every eight weeks throughout the year. Each member is required to audition each new song by singing against another voice part, 



recording it, and sending it to their section leader for evaluation and feedback.  Section leaders take time to give specific feedback on technique and areas for development. 

Our Musical Director works with our members to identify those with potential for leadership roles and he encourages members to join the physical and vocal warm-up team and to act as Guest Directors at rehearsal to try out directing and to receive feedback on their skills. 

In April 2022 we spent a weekend together at a retreat working with an International professional barbershop coach who, together with our MD, taught us singing techniques and helped us to improve our performance and vocal sound as a group. 

Chorus members are encouraged to develop their singing abilities by forming into smaller groups including octets and quartets.  These activities allow members to develop their singing abilities but also to gain self-confidence.  Whilst opportunities to sing in local Music Festivals and participate in competitions were limited during this period due to the pandemic, our groups continued to sing together and worked with professional coaches when they could. 

- **2 The advancement of education in acapella singing in barbershop style through workshops, and musical collaborations for the benefit of the Portsmouth community and across Hampshire and Sussex.** 

In October 2021 we were invited by our national Association LABBS (The Ladies Association of Barbershop Singers) to host a regional get together of local barbershop groups in the absence of a national convention that was cancelled due to COVID restrictions.  We hosted the event for over 150 singers drawn from your own Chorus and three other local barbershop choruses. Our MD organised a musical programme that allowed us to sing together and to learn from each other. We were joined by the LABBS National gold medal winning Chorus (Amersham Acappella) who provided a masterclass in barbershop excellence and who taught us how to include sign language to one of our songs for the benefit of the deaf and hard of hearing. 

During this period, we were also invited to Bosmere Junior School where we ran workshops for four groups of primary school children and their teachers in the art of harmony singing. These workshops were led by our MD and supported by around 40 members of our Chorus. 

We actively encourage people to come and see what we do, emphasising that singing is for everyone regardless of background or experience and offering support (Angel Fund) to those in financial difficulty.  We have an inclusive culture and value diversity in our membership and our audiences.  During this period, we appointed our first Diversity & Inclusion Officer to ensure that we reach out to as many groups as possible as potential members and potential audiences for our craft. 



- **3 The promotion of the craft and artistry of unaccompanied harmony singing through performances and concerts to the public to encourage high standards and bring music to new audiences.** 

Spinnaker Chorus normally performs regularly to audiences large and small as part of our public benefit programme.  We seek to educate, entertain, and improve individual and collective well-being through the joy of listening to and participating in singing events. 

In this period our ability to perform to audiences was curtailed at times by government restrictions.  We did however perform outdoors to the public on the steps of Portsmouth Guildhall and at the Winchester Christmas market and the Port Solent Christmas fayre. 

In May 2022 we moved to a new rehearsal venue and organised a show for family and friends in celebration of a return to face to face singing and as a thank you to them for their support during a difficult period. 

JC 1 April 2023 



Splnnaker Chorus
Charlty No. 1177387
Trustee's Report and Unaudlted Account5
30June 2022

Spinnaker Chorus
Trustee5 Annual Report
The trustee presents their report wlth the unaudited financial statements of the charity for the year ended
30 June 2022.
REFERENCE AND ADMINISTRATIVE DETAILS
Charlty No. 1177387
Trustee
The following trustee served during the year:
Nuala Hobden
SHCA Limited
87 London Road
Cowplain
Waterlooville
P08 8XB
The trustee is responsible for keeping proper accounting records that disclose with reasonable accuracy at
any time the financial position of the charity and to enable them to ensure that the financial statements
Comply with the Charities Art 2011, the appllcable Charitie5 IAccounts and Reports) Regulations. and the
provisions of the TDJst deed. The Trustee Is also responslble for safeguarding the a55ets of the charity and
hence taking reasonable steps for the prevention and detection of fraud and other irregularttie5.
Signed
Nuala Hobden
Trustee
20 February 2023
Page I

Spinnaker Chorus
Independent Examiners Report
Independent Examinerfs Report to the trustee of Splnnaker Chorns
I report to the trustees on my examination of the financial ststements of Spinnaker Chorus for the year
ended 30 June 2022 which comprise the Statement of Financial ActiVFties, the Balance Sheet and the relate
notes.
Responsibilities and basls of report
As the charity's trustee you are responsible for the preparation of the financial statements in accordance
with the requirement5 of the Charities Art 20111'the Act'l. The trustee considers that an audit is not requlred
for this year under the Charities Art 2011, 5.14412) Ithe 2011 Act) and that an independent examinatlon is
needed.
I report in respect of my examination of the charity's financial statements carried out under section 145 of
the 2011 Art and in carrying out my examination I have followed all the applicable Directions given by the
Charity Commission under settion 14515llbl of the Act.
Independent examlner's ststemeTrt
I have completed my examination. l can tonfirm that no material matters have come to my attention in
connection with the examination giving me cause to believe that in, any material respect..
• the accounting records were not kept in respect ¢rf the charity as required by section 130 of the Art- or
the financial statements do not accord with those re¢ord5; or
the financial statements do not comply with the app5icable requirements concerning the form and
content of the financial statements set out in the Charities (Accounts and Reporlsl Regulations 2008
other than any requlrement that the financial Statements 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 wf(h the examination to which
attentiorTr should be drawn in this report in order to enable a proper understanding of the financial
statements to be reached.
Stuart Hoare
ICAEW
SHCA Limited
87 London Road
Cowplain
W8tedooville
P08 8XB
20 February 2023
Page 2

Splnnaker Choru5
ststemènt of Flnancial Actlviiles
for the year ended 30 June 2022
Unrestrirted
funds Total funds Total funds
2022
2022
2021
Notes
Income and endowments
from:
Donations and legacies
Charitable artivities
Other
21,334
9,409
4,499
21,334
9,409
4,499
17,802
3,242
4,500
Totsl
35.242
35,242
25,544
Expendlture on:
Raising funds
Charitable artivwties
Other
3,531
11,108
14,163
3,531
11,108
14,163
3,094
7,395
6.528
Total
28.802
28,802
17,017
Net gains on investments
Net Income
6,440
6.440
8,527
Transfers between funds
Net Incorne before other
8alns/{1055es1
6,440
6,440
8.527
Other gain5 and losse5
Net movement in funds
6,440
6,440
8,527
Reconciliatlon of funds:
Total funds brought forward
20,426
20.426
11,899
Totsl funds carrled forward
26,866
26.866
20,426
Page 3

Spinnaker Chorus
Balance Sheet
at 30 June 2022
Charity No. 1177387
2022
2021
Current assets
Cash at bank and in hand
26.866
26,866
26,866
20.426
20,426
20,426
Net current assets
Total assets less current Ilablllties
26,866
20,426
Net a55ets excludln8 pension asset or liabilrty
26.866
20,426
Total net assets
26.866
20,426
The funds of the charity
Restrirted funds
Unrestrlrted funds
General fund5
io
io
26,866
20,426
26,866
20,426
Reserves
io
Totsl funds
26.866
20,426
Approved by the trustees on 20 February 2023
And signed on their behalf by..
Nuala Hobden
Trustee
20 February 2023
Page 4

Spinnaker Chorus
Notes to the Accounts
forthe year ended 30 June Z022
l Accounting policies
Basls of preparatlon
The financial statements have been prepared In accordance with Statement of Recommended Practice-
Accountin8 and RÈportin8 by Charities preparing their actounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic if Ireland IFRS 1021 issued on 16 July 2014 and the
Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 1021 and the
Charities Att 2011.
Change In basls of accountlng or to pre¥lous a￿aunt5
There has beers no change to the accounting policies (valuation rules and method of accounting) since
last year and no changes have been made to accounts for previous years.
Fund atcountlng
Unrestricted funds These are available for use at the dis¢retlon of the trustees in furtherance of the
general oblects of the charlty-
These are unrestricted funds earmarked by the trustees for particular purposes.
These are unrestricted funds which include a revaluation reserve representing the
restatement of investment assets at their market values.
These are available for use subject to restrictions imposed by the donor or through
terms of an appeal.
Designated funds
Revaluation funds
Restricted funds
Income
Recognition of
income
Income is included in the Statement of Financial Activitie5 ISOFAI when the charity
becomes entitled to, and virtually certain to receive. the income and the amount of
the income can be measured with SLsfficient reliability.
Income with related Where income has related expenditure the income and related expenditure Is
expenditure
reported gr05s in the SOF
Donations and
legacies
Voluntary income recelved by way of grants. donations and &fts is included in the
the SOFA when receivable and only when the Charity ha5 unconditional entitlement
to the income.
Tax reclaims on
Income from tax ￿￿&1m5 is included in the SOFA at the same time as the
donations and gifts gift/donation to which it relates.
Donated se￿iceS
These are only included in income (with an equlvalent amount In expenditure)
and facilities
where the benefit to the Charity is reasonably quantifiable, measurable and
material.
Volunteer help
The value of any volunteer help received 15 not included in the accounts.
Investment income This is included in the accounts when receivable.
Gains/llossesl on
This inclL*de5 any gain or loss resulting from revaluing investments to market value
revaluation of fixed at the end of the year.
assets
Gains111055esl on
investment assets
This includes any gain or loss on the sale of investments.
Page 5

Spinnaker Chorus
Notes to the Acwunts
Expendlturè
Recognition of
expenditure
Expendtture is recognised on an accruals basis. Expenditure includes any VAT which
cannot be fully recovered. and is reported as part of the expendfcure to which it
relates.
Expenditure on
These comprise the costs ass(Kiated with attracting voluntary income, fundraising
raisin8 funds
trading costs and Investment management costs.
Expenditure on
These comprise thè costs incurred by the Charity in the delivery of its aetivities and
charitable activities services in the furtherance of its objects, including the making of grants and
governance costs.
All grant expendlture Is accounted for on an actual paid basis plus an accrual for
grants that have been approved by the trustees at the end of the year but not yet
paid.
These include those costs a550ciated with meeting the constitutional and statutory
requirements of the Charity, including any audit/independent examination fees,
costs linked to the Strategic management of the Charity, together with a share of
other admlnlstratlon cost5.
These are support costs not allocated to a particular activity.
Grants payable
Governance cost5
Other expenditure
Taxation
The charity is exempt from tax on its charltable artivities.
Freehold Investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet
date and are not depreciated. All gains or losses are tsken to the Statement of Financial Aclivltles as they
arise.
Stocks
Stock is included at the lower of cost or net reallsable value. Donated Items of stock are recognlsed at fair
value which is the amount the charity would have been willing to pay for the items on the open market.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposlts with banks and other
short-term highly liquid investments wlth original maturities of three months or less and bank overdrafts.
In the statement of finantial position, bank overdrafts are shown wlthin borrowings or current liabilities.
In the Statement of Cash Flows, cash and Cash equivalents are shown net of bank overdrafts that are
repayable on demand and form an integral part of the company's cash management.
Trade and ot￿1 creditors
Short term creditors are measured at the transartion prlce. Other creditors and provisions are recognised
where the charlty has a present obligation resulting from a past event that will probably result in the
transfer of funds to a third party and the amount due to settle the obligation can be measured or
estimated reliably. Creditors and provlsions are normalty recogni5ed at their settlement amount after
allowin8 for any trade discounts due.
Page 6

Splnnaker Chorus
Notes to the Accounts
Research and development
Expenditure on research and developmentls written off in the year In which it is incurred.
Foreign currenties
Monetary assets and liabilities denominated in currencies other than the functional currency of the
charity are translated at the rates of exchange prevailing at the end of the reportin8 period.
Transactions in currencies other than the functional currency of the charity are recorded at the rate of
exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
Leased assets
Where the charity enters into a lease which entai15 taking substantially all the risks and rewards of
ownership of an zsset, the lease is treated as a finance lease.
Leases which do not transfer substantialty all the rlsks and reward5 Qf ownershlp to charity are classified
as operating leases,
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the
inception of the lease or, if lower, at the present value of the minimum lease payments. The
correspondin8 liabilty to the les50r is included in the balance sheet date as a finance lease obligation.
Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to
achieve a tonstant rate of interest on the remaining balance of the liability- Fin?nce expenses are
recognised immediately, unless they are dlrectly attributable to qualrfying assets, in which case they are
capitalised in accordance with the chartty's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognigÈd as an expense on a straight-line basis over the lease term.
In the event that le3se incentives are received to enter into operating leases. such incentives are
recognised a5 a liability. The aggregate benefit of incentlves is recognised as a reduction of rental
expense on a straight-line ba515.
Pension cost5
The charity operates a defined contribution plan for its employees. A defined contribution plan 15 a
pension plan under which the charity pays fixed contributions into a separate entity. on￿ the
tontributions have been paid the charity has no further payments obligations, The contributions are
recognised as expenses when they fall due. Amount5 not pald are shown in accruals in the balance sheet.
The assets of the plan are held separately from the charity In Independently adminlstered funds.
Receipt of donated goods, facilitles and services
All donated goods. facilitie5 and services received are recognlsed within incoming resources and
expenditure at an estimate of the value to the charlty.
Page 7

Splnnaker Chorus
Notes to the Accounts
2 Statement of Financial Acti¥itles- prlor year
Unrestrlcted
funds Total funds
2021
2021
Income and endowment5 from:
Donations and legacies
Charitable activlties
Other
17,802
3,242
4,5C¥J
17,802
3,242
4,5(KJ
Total
25,544
25,544
Expendlture on:
Raising fund5
Charitable activities
3,094
7,395
6,528
3,094
7,395
6,528
Other
Total
17,017
17,017
Net Income
8.527
8.527
Net Income before other
gainslllossesl
Other gains and1055es:
Net movement in fund5
8.527
.527
8,527
8,527
Recontiliatlon of funds:
Total funds brought forward
Totsl funds carrled forward
11.899
11,899
20,426
20,426
3 Income from donations and legades
Unrestricted
Totsl
Total
2022
2021
Subscriptions
Donations
15,034
4,300
2,000
21,334
15,034
4.300
17,752
so
legacies
21,334
17,802
4 IDcome from charitsble artlvftles
Unrestrleted
Total
Total
2021
2022
Conventions and events
7.188
2,221
9,409
7.188
2,221
9,409
200
FLtndraising
3.042
3.242
Page 8

Splnnaker Chorus
Notes to the Acc¢)unts
5 Other Income
UnrestriLted
Totsl
2022
Total
2021
HMRC gift aid tax recovery
Other income
2.986
1.013
500
2,986
1,013
5(K¢
4,375
125
Grants
4,499
4.499
4,500
6 Expendltuie on raisinE funds
Unre5trirted
Total
Total
2022
2021
Costs of generating voluntory
income
Subscriptions
Fundmi5ing troding costs
3,015
3.015
2,414
516
516
3,531
3,531
3,094
7 Expenditure on charitsble artivltie5
Unrestrlcted
Total
Total
2021
2022
Expenditure on charitoble
activities
Conventions and events
11,108
11,108
7.395
Governance costs
11,108
11,108
7,395
8 Other expendlture
Unrestrlcted
Total
Total
2022
2021
Dirertors expenses
Wardrobe & other costs
2,740
3.713
870
2,740
3.713
870
2.080
1,314
Coaching
Donations
1,000
3,588
2,252
14,163
1.000
3,588
2.252
14,163
Premises costs
699
General administrative costs
2.435
6.528
9 staff costs
No employee recelve(l emoluments in excess of £60,000.
Page 9

Spinnaker Chorus
Notes to the Accounts
10 Movement In funds
Incoming
resources
lincludlng
other
At l July gainsllosses
2021
Resources At 30 June
expended
2022
Restrlrted funds:
Unrestrlcted funds:
General funds
20,426
35,242
128.8021
26,866
Total funds
11 Analysis ol net assets between fvnds
20,426
35,242
128,8021
26.866
Unre#rlrted
funds
Total
Net current assets
26,866
26,866
26,866
26,866
12 Reeontillatlon ol net debt
At l July
2021
At 30 June
Cash flows
2022
Cash and cash equivalents
20.426
20,426
26,866
26.866
Net debt
20,426
26,866
Page 10

Splnnaker Chorus
Statement of Cash flows
for the year ended 30 June 2022
202Z
1021
Cash flows from operatln8 activitles
Net income per Statemènt of Finandal Artl¥ltbes
8,527
Adjustments for:
Olvldends, Interest and rents from investments
14.499}
14,5001
Net cash provided by operoting actlvltles
1.941
4,027
Cash flows from investing actfvltles
Dividends, interest and rents from inve5tment5
4,499
Net cash from Investlng activlties
4,499
4,500
Net cash from financlnz actlvltles
Net increase in cash and eash equivalents
6.440
8,527
Cash and &75h equivalents at the beginning of the year
20.426
11,899
Cash and cash equivalents at the end of the year
26,866
20,426
Componènts of cash and cash equivalents
Cash and bank balances
26.866
20,426
26,866
20,426
Page 11

Spinnaker Chorus
Detalled Statement of Financial Activities
forthe year ended 30 June 2022
Unrestrlrted
fund5 Total funds
2022
2022
Totsl funds
2021
lftcome and endowments from:
Donations and legacies
Subscriptions
Donations
legacies
15,034
4.300
2,000
21,334
15,034
4,300
2,0¢
21.334
17.752
50
17,802
Charitable activities
Conventions and events
Fundraising
7.188
2,221
9.409
7,188
2.221
200
3,042
3,242
Other
HMRC gift aid tax recovery
Other income
2,986
1,013
500
4.499
2,986
1,013
5th)
4,375
125
Grants
4.499
Totsl income and endowments
35,242
35.242
25.544
Expendlture on:
Costs of generatlng donatlons and
legacies
Subscriptions
3,015
3,015
3,015
3,015
2,414
2,414
Costs of other trading artivitie5
516
516
516
516
Totol of expenditure on raising
funds
3,531
3,531
Charitable artlvltles
Conventions and events
11,108
11,108
11,108
11,108
7,395
7.395
Total of expendlture on charitsble
actlvlties
11,108
11,108
7,395
Other expendityre
Directors expenses
Wardrobe & other costs
Coaching
Donations
2,740
3,713
870
I,OCrt)
8,323
2,740
3.713
870
2,080
1,314
8,323
3,394
Premises cost5
Rent
3,588
3.588
699
Page 12

Splnnaker Chorus
Detsiled Statement of Flnancial Artivities
3,588
3.588
699
General administrative costs.
including depreciation and
amort15ation
Software, IT support and related
Costs
324
324
551
Sundry expenses
1,928
2,252
14,163
1,928
2,252
14.163
1,884
2,435
6,528
Total of expendlture of other costs
Total expendlture
Net gains on investments
28,802
28,802
17,017
6,440
6.440
8,527
Net income
Net income before other
galnslllosses)
Other Gains
8.527
6,440
6.440
Net movemènt in funds
6,440
6.440
8,527
ReconcS1iation of funds:
Total funds brought forward
20.426
20.426
11,899
Total fvnds carrled forward
26,866
26,866
20.426
Page 13

Splnnaker Chorus
Charlty No. 1177387
Trustee's Report and Unaudlted Account5
30June 2022

Spinnaker Chorus
Trustee5 Annual Report
The trustee presents their report wlth the unaudited financial statements of the charity for the year ended
30 June 2022.
REFERENCE AND ADMINISTRATIVE DETAILS
Charlty No. 1177387
Trustee
The following trustee served during the year:
Nuala Hobden
SHCA Limited
87 London Road
Cowplain
Waterlooville
P08 8XB
The trustee is responsible for keeping proper accounting records that disclose with reasonable accuracy at
any time the financial position of the charity and to enable them to ensure that the financial statements
Comply with the Charities Art 2011, the appllcable Charitie5 IAccounts and Reports) Regulations. and the
provisions of the TDJst deed. The Trustee Is also responslble for safeguarding the a55ets of the charity and
hence taking reasonable steps for the prevention and detection of fraud and other irregularttie5.
Signed
Nuala Hobden
Trustee
20 February 2023
Page I

Spinnaker Chorus
Independent Examiners Report
Independent Examinerfs Report to the trustee of Splnnaker Chorns
I report to the trustees on my examination of the financial ststements of Spinnaker Chorus for the year
ended 30 June 2022 which comprise the Statement of Financial ActiVFties, the Balance Sheet and the relate
notes.
Responsibilities and basls of report
As the charity's trustee you are responsible for the preparation of the financial statements in accordance
with the requirement5 of the Charities Art 20111'the Act'l. The trustee considers that an audit is not requlred
for this year under the Charities Art 2011, 5.14412) Ithe 2011 Act) and that an independent examinatlon is
needed.
I report in respect of my examination of the charity's financial statements carried out under section 145 of
the 2011 Art and in carrying out my examination I have followed all the applicable Directions given by the
Charity Commission under settion 14515llbl of the Act.
Independent examlner's ststemeTrt
I have completed my examination. l can tonfirm that no material matters have come to my attention in
connection with the examination giving me cause to believe that in, any material respect..
• the accounting records were not kept in respect ¢rf the charity as required by section 130 of the Art- or
the financial statements do not accord with those re¢ord5; or
the financial statements do not comply with the app5icable requirements concerning the form and
content of the financial statements set out in the Charities (Accounts and Reporlsl Regulations 2008
other than any requlrement that the financial Statements 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 wf(h the examination to which
attentiorTr should be drawn in this report in order to enable a proper understanding of the financial
statements to be reached.
Stuart Hoare
ICAEW
SHCA Limited
87 London Road
Cowplain
W8tedooville
P08 8XB
20 February 2023
Page 2

Splnnaker Choru5
ststemènt of Flnancial Actlviiles
for the year ended 30 June 2022
Unrestrirted
funds Total funds Total funds
2022
2022
2021
Notes
Income and endowments
from:
Donations and legacies
Charitable artivities
Other
21,334
9,409
4,499
21,334
9,409
4,499
17,802
3,242
4,500
Totsl
35.242
35,242
25,544
Expendlture on:
Raising funds
Charitable artivwties
Other
3,531
11,108
14,163
3,531
11,108
14,163
3,094
7,395
6.528
Total
28.802
28,802
17,017
Net gains on investments
Net Income
6,440
6.440
8,527
Transfers between funds
Net Incorne before other
8alns/{1055es1
6,440
6,440
8.527
Other gain5 and losse5
Net movement in funds
6,440
6,440
8,527
Reconciliatlon of funds:
Total funds brought forward
20,426
20.426
11,899
Totsl funds carrled forward
26,866
26.866
20,426
Page 3

Spinnaker Chorus
Balance Sheet
at 30 June 2022
Charity No. 1177387
2022
2021
Current assets
Cash at bank and in hand
26.866
26,866
26,866
20.426
20,426
20,426
Net current assets
Total assets less current Ilablllties
26,866
20,426
Net a55ets excludln8 pension asset or liabilrty
26.866
20,426
Total net assets
26.866
20,426
The funds of the charity
Restrirted funds
Unrestrlrted funds
General fund5
io
io
26,866
20,426
26,866
20,426
Reserves
io
Totsl funds
26.866
20,426
Approved by the trustees on 20 February 2023
And signed on their behalf by..
Nuala Hobden
Trustee
20 February 2023
Page 4

Spinnaker Chorus
Notes to the Accounts
forthe year ended 30 June Z022
l Accounting policies
Basls of preparatlon
The financial statements have been prepared In accordance with Statement of Recommended Practice-
Accountin8 and RÈportin8 by Charities preparing their actounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic if Ireland IFRS 1021 issued on 16 July 2014 and the
Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 1021 and the
Charities Att 2011.
Change In basls of accountlng or to pre¥lous a￿aunt5
There has beers no change to the accounting policies (valuation rules and method of accounting) since
last year and no changes have been made to accounts for previous years.
Fund atcountlng
Unrestricted funds These are available for use at the dis¢retlon of the trustees in furtherance of the
general oblects of the charlty-
These are unrestricted funds earmarked by the trustees for particular purposes.
These are unrestricted funds which include a revaluation reserve representing the
restatement of investment assets at their market values.
These are available for use subject to restrictions imposed by the donor or through
terms of an appeal.
Designated funds
Revaluation funds
Restricted funds
Income
Recognition of
income
Income is included in the Statement of Financial Activitie5 ISOFAI when the charity
becomes entitled to, and virtually certain to receive. the income and the amount of
the income can be measured with SLsfficient reliability.
Income with related Where income has related expenditure the income and related expenditure Is
expenditure
reported gr05s in the SOF
Donations and
legacies
Voluntary income recelved by way of grants. donations and &fts is included in the
the SOFA when receivable and only when the Charity ha5 unconditional entitlement
to the income.
Tax reclaims on
Income from tax ￿￿&1m5 is included in the SOFA at the same time as the
donations and gifts gift/donation to which it relates.
Donated se￿iceS
These are only included in income (with an equlvalent amount In expenditure)
and facilities
where the benefit to the Charity is reasonably quantifiable, measurable and
material.
Volunteer help
The value of any volunteer help received 15 not included in the accounts.
Investment income This is included in the accounts when receivable.
Gains/llossesl on
This inclL*de5 any gain or loss resulting from revaluing investments to market value
revaluation of fixed at the end of the year.
assets
Gains111055esl on
investment assets
This includes any gain or loss on the sale of investments.
Page 5

Spinnaker Chorus
Notes to the Acwunts
Expendlturè
Recognition of
expenditure
Expendtture is recognised on an accruals basis. Expenditure includes any VAT which
cannot be fully recovered. and is reported as part of the expendfcure to which it
relates.
Expenditure on
These comprise the costs ass(Kiated with attracting voluntary income, fundraising
raisin8 funds
trading costs and Investment management costs.
Expenditure on
These comprise thè costs incurred by the Charity in the delivery of its aetivities and
charitable activities services in the furtherance of its objects, including the making of grants and
governance costs.
All grant expendlture Is accounted for on an actual paid basis plus an accrual for
grants that have been approved by the trustees at the end of the year but not yet
paid.
These include those costs a550ciated with meeting the constitutional and statutory
requirements of the Charity, including any audit/independent examination fees,
costs linked to the Strategic management of the Charity, together with a share of
other admlnlstratlon cost5.
These are support costs not allocated to a particular activity.
Grants payable
Governance cost5
Other expenditure
Taxation
The charity is exempt from tax on its charltable artivities.
Freehold Investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet
date and are not depreciated. All gains or losses are tsken to the Statement of Financial Aclivltles as they
arise.
Stocks
Stock is included at the lower of cost or net reallsable value. Donated Items of stock are recognlsed at fair
value which is the amount the charity would have been willing to pay for the items on the open market.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposlts with banks and other
short-term highly liquid investments wlth original maturities of three months or less and bank overdrafts.
In the statement of finantial position, bank overdrafts are shown wlthin borrowings or current liabilities.
In the Statement of Cash Flows, cash and Cash equivalents are shown net of bank overdrafts that are
repayable on demand and form an integral part of the company's cash management.
Trade and ot￿1 creditors
Short term creditors are measured at the transartion prlce. Other creditors and provisions are recognised
where the charlty has a present obligation resulting from a past event that will probably result in the
transfer of funds to a third party and the amount due to settle the obligation can be measured or
estimated reliably. Creditors and provlsions are normalty recogni5ed at their settlement amount after
allowin8 for any trade discounts due.
Page 6

Splnnaker Chorus
Notes to the Accounts
Research and development
Expenditure on research and developmentls written off in the year In which it is incurred.
Foreign currenties
Monetary assets and liabilities denominated in currencies other than the functional currency of the
charity are translated at the rates of exchange prevailing at the end of the reportin8 period.
Transactions in currencies other than the functional currency of the charity are recorded at the rate of
exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
Leased assets
Where the charity enters into a lease which entai15 taking substantially all the risks and rewards of
ownership of an zsset, the lease is treated as a finance lease.
Leases which do not transfer substantialty all the rlsks and reward5 Qf ownershlp to charity are classified
as operating leases,
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the
inception of the lease or, if lower, at the present value of the minimum lease payments. The
correspondin8 liabilty to the les50r is included in the balance sheet date as a finance lease obligation.
Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to
achieve a tonstant rate of interest on the remaining balance of the liability- Fin?nce expenses are
recognised immediately, unless they are dlrectly attributable to qualrfying assets, in which case they are
capitalised in accordance with the chartty's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognigÈd as an expense on a straight-line basis over the lease term.
In the event that le3se incentives are received to enter into operating leases. such incentives are
recognised a5 a liability. The aggregate benefit of incentlves is recognised as a reduction of rental
expense on a straight-line ba515.
Pension cost5
The charity operates a defined contribution plan for its employees. A defined contribution plan 15 a
pension plan under which the charity pays fixed contributions into a separate entity. on￿ the
tontributions have been paid the charity has no further payments obligations, The contributions are
recognised as expenses when they fall due. Amount5 not pald are shown in accruals in the balance sheet.
The assets of the plan are held separately from the charity In Independently adminlstered funds.
Receipt of donated goods, facilitles and services
All donated goods. facilitie5 and services received are recognlsed within incoming resources and
expenditure at an estimate of the value to the charlty.
Page 7

Splnnaker Chorus
Notes to the Accounts
2 Statement of Financial Acti¥itles- prlor year
Unrestrlcted
funds Total funds
2021
2021
Income and endowment5 from:
Donations and legacies
Charitable activlties
Other
17,802
3,242
4,5C¥J
17,802
3,242
4,5(KJ
Total
25,544
25,544
Expendlture on:
Raising fund5
Charitable activities
3,094
7,395
6,528
3,094
7,395
6,528
Other
Total
17,017
17,017
Net Income
8.527
8.527
Net Income before other
gainslllossesl
Other gains and1055es:
Net movement in fund5
8.527
.527
8,527
8,527
Recontiliatlon of funds:
Total funds brought forward
Totsl funds carrled forward
11.899
11,899
20,426
20,426
3 Income from donations and legades
Unrestricted
Totsl
Total
2022
2021
Subscriptions
Donations
15,034
4,300
2,000
21,334
15,034
4.300
17,752
so
legacies
21,334
17,802
4 IDcome from charitsble artlvftles
Unrestrleted
Total
Total
2021
2022
Conventions and events
7.188
2,221
9,409
7.188
2,221
9,409
200
FLtndraising
3.042
3.242
Page 8

Splnnaker Chorus
Notes to the Acc¢)unts
5 Other Income
UnrestriLted
Totsl
2022
Total
2021
HMRC gift aid tax recovery
Other income
2.986
1.013
500
2,986
1,013
5(K¢
4,375
125
Grants
4,499
4.499
4,500
6 Expendltuie on raisinE funds
Unre5trirted
Total
Total
2022
2021
Costs of generating voluntory
income
Subscriptions
Fundmi5ing troding costs
3,015
3.015
2,414
516
516
3,531
3,531
3,094
7 Expenditure on charitsble artivltie5
Unrestrlcted
Total
Total
2021
2022
Expenditure on charitoble
activities
Conventions and events
11,108
11,108
7.395
Governance costs
11,108
11,108
7,395
8 Other expendlture
Unrestrlcted
Total
Total
2022
2021
Dirertors expenses
Wardrobe & other costs
2,740
3.713
870
2,740
3.713
870
2.080
1,314
Coaching
Donations
1,000
3,588
2,252
14,163
1.000
3,588
2.252
14,163
Premises costs
699
General administrative costs
2.435
6.528
9 staff costs
No employee recelve(l emoluments in excess of £60,000.
Page 9

Spinnaker Chorus
Notes to the Accounts
10 Movement In funds
Incoming
resources
lincludlng
other
At l July gainsllosses
2021
Resources At 30 June
expended
2022
Restrlrted funds:
Unrestrlcted funds:
General funds
20,426
35,242
128.8021
26,866
Total funds
11 Analysis ol net assets between fvnds
20,426
35,242
128,8021
26.866
Unre#rlrted
funds
Total
Net current assets
26,866
26,866
26,866
26,866
12 Reeontillatlon ol net debt
At l July
2021
At 30 June
Cash flows
2022
Cash and cash equivalents
20.426
20,426
26,866
26.866
Net debt
20,426
26,866
Page 10

Splnnaker Chorus
Statement of Cash flows
for the year ended 30 June 2022
202Z
1021
Cash flows from operatln8 activitles
Net income per Statemènt of Finandal Artl¥ltbes
8,527
Adjustments for:
Olvldends, Interest and rents from investments
14.499}
14,5001
Net cash provided by operoting actlvltles
1.941
4,027
Cash flows from investing actfvltles
Dividends, interest and rents from inve5tment5
4,499
Net cash from Investlng activlties
4,499
4,500
Net cash from financlnz actlvltles
Net increase in cash and eash equivalents
6.440
8,527
Cash and &75h equivalents at the beginning of the year
20.426
11,899
Cash and cash equivalents at the end of the year
26,866
20,426
Componènts of cash and cash equivalents
Cash and bank balances
26.866
20,426
26,866
20,426
Page 11

Spinnaker Chorus
Detalled Statement of Financial Activities
forthe year ended 30 June 2022
Unrestrlrted
fund5 Total funds
2022
2022
Totsl funds
2021
lftcome and endowments from:
Donations and legacies
Subscriptions
Donations
legacies
15,034
4.300
2,000
21,334
15,034
4,300
2,0¢
21.334
17.752
50
17,802
Charitable activities
Conventions and events
Fundraising
7.188
2,221
9.409
7,188
2.221
200
3,042
3,242
Other
HMRC gift aid tax recovery
Other income
2,986
1,013
500
4.499
2,986
1,013
5th)
4,375
125
Grants
4.499
Totsl income and endowments
35,242
35.242
25.544
Expendlture on:
Costs of generatlng donatlons and
legacies
Subscriptions
3,015
3,015
3,015
3,015
2,414
2,414
Costs of other trading artivitie5
516
516
516
516
Totol of expenditure on raising
funds
3,531
3,531
Charitable artlvltles
Conventions and events
11,108
11,108
11,108
11,108
7,395
7.395
Total of expendlture on charitsble
actlvlties
11,108
11,108
7,395
Other expendityre
Directors expenses
Wardrobe & other costs
Coaching
Donations
2,740
3,713
870
I,OCrt)
8,323
2,740
3.713
870
2,080
1,314
8,323
3,394
Premises cost5
Rent
3,588
3.588
699
Page 12

Splnnaker Chorus
Detsiled Statement of Flnancial Artivities
3,588
3.588
699
General administrative costs.
including depreciation and
amort15ation
Software, IT support and related
Costs
324
324
551
Sundry expenses
1,928
2,252
14,163
1,928
2,252
14.163
1,884
2,435
6,528
Total of expendlture of other costs
Total expendlture
Net gains on investments
28,802
28,802
17,017
6,440
6.440
8,527
Net income
Net income before other
galnslllosses)
Other Gains
8.527
6,440
6.440
Net movemènt in funds
6,440
6.440
8,527
ReconcS1iation of funds:
Total funds brought forward
20.426
20.426
11,899
Total fvnds carrled forward
26,866
26,866
20.426
Page 13