Medici Choir Report of the Trustees and unaudited financial statements for the year ended 31 August 2024 Registered Charity number 1182785 Tr.'W)ICI CHOIR RqK>rf oftheTnJstres *)d Una￿d￿e￿ fmanciaj skltunents 31 AuB￿st2024 C()N'I"Tr:NTS OF THE FINANCIAL STATEM£Krs F()11 THE YEAR ENDED 31 AUGUST 2024 Ilipi111 l>t' Ihe Tnisiee. 2to4 Si'iliiiirni of Financia l Activit￿S 6t07 lu thr FinaniMI Stai¢m¢rtti 8 to 10 InilLllindent Examin¢r's Report . lifkryi Charity Numixy I1¥77115 MTr-I)ICI CHOIR Rq￿ of thc Tr￿￿￿$ and unwjdited financ￿1 %th*nKnts 31 Aubtyst 2024 REPORT OF THE TRUSTEES PUR THE YEAR ENDED 31 AUGvsf 2024 The Trusl¢e& pres¢ni ih¢ir ￿poll Wbth th¢ fman¢ial stalements ol Ihe charity for the year ended 31 Augiiist 2024. The inL51ees have odopted the provi5ioThs of ihe Siarcment of Recomtncndcd Prarticc ISORPI jippli¢able dcc(Truniin¥ standards. The accounls have been P￿pa￿d on an ong¥)ing basi8. The hJriiy meets rhe delinit￿n of a publK benefrt erbithy under FRS102. No reyaiement wds ￿qUI￿d in Indkingihe tnnsiiion 10 FRSIO2. REFEREliCE AND ADMIPilSTRATIVE DETAILS RigislLfL,d Charilv nurnber 118?785 A new Charitable incowrdted Organisal￿n Wds established on 3 April 2019 Charily Number 1182785 10 rep￿ce the Orig￿81 charity Thumber. AU the ts of Charity Number 1014229 were trdnsferred ovcron l ￿ Sepiember 2019_ RL'#151ered office 33 KLnway Road London W5 ORP M Siniih S CJrahdm P C-uuk ' l)earing C tknub K FuliL"r R Cjrimshaw J Lejshinan reb4w¢d .4¢rouTht#nt$ Miihdil Smirh & Cv l)UJ W'a knii Lane Li)iidon NW2 4QY TRUCTURE, GOVERNATr*CE ANID MANAGEMENt (Inl'i'rniE)g dotumertt Tlii ilidrily IS ionirtslled by itb cons1ilulM)D and CQDSii¢Utrs a ¢baiitabk irtrorpora(ed owantSatMTrn. Rv¢ruitmtnl 31nd appointment of Aew trustee$ Any ncw appoinim¢Thls QTC at th¢ recommenda¢y)n vf ihe tnw¢¢s. Indurtivn and training of new trustees Illl new Irusiees Lire ¥iven. in Ihe of the boald. su￿￿]ent irninirtgand have enough knowledge or IhLir %pecilic t'jvld io underJland the natutr of th¢ ¢haiily artd fully comply wih the charities curren¢ w4 ol. 115 PfuyL55￿￿. They r¢qLL io be aware of boih kyal and pmf¢ssv)nal wsponsibiliL*s IiiiIILr chclrity Lind company knw. ltigisicrtxi Charity Number 11¥27¥5 MEDICI CH()IR Rq￿ vf theTnLSl￿S and uThaudiwl ￿￿leMen1$ I l August 2024 REPORT OF THE TRUSTELS- coKfiNUED FOR THE YEAR ENDED 31 AUGUST 2024 Organiz*tiom*l stnjcture ThL chariiy is run by the trus￿$ and has Th) full ¢mploy¢es. Related ￿rtIeS ThL'fL' are reldied panies. Risk managemellt Tht Irus(ees have a duty 10 identify atwj review th¢ risks io which ￿ Chariiy is ex1￿ aThJ io ensure apprtyriaie conirols ar¢ in plac¢ 10 provth reasonable ￿u[anC¥ againsi fraud a￿1 e￿or. OBJECTIVL% ACTtvrriES AND PUBLIC BENEFrr Charitable Objefts The Lhariiy ex15t5 1() promoit. improve. develop and mainiain public cduLdiioD in dpprcciation of ihe art atMI science ()I' Chor￿ music in all its a5FKcLS by ihc presentation of public chornl conceils and by SULh oiher way5 as the CIO through 115 charily Iwsiees shall dCtLr1ni￿ fn)m lime io lin￿. Ain￿ and Slratsgies to Achieve l)biects and ExteDd Public Benefil The 1rnsl¢e5 confirm ihai ihey havc complLed with their duty und¥r.SLYii(Jn 4 of the Chariiies Aci 21 lo have due regard lor Ihe public tKnelil. Ovcr the year. IIK ITIL%IL¢s sei Out LhLir plans io Increa￿ and mdximise lh¢ value of ihe charity'5 work and assets for ihi5 purwse. id¢nLifyirbg a number nf streams of work int¢tKied it) achieve that i)￿re&SL. The puhlic ￿￿￿[1(5 d¢livercd by ihe chariiy's work and pldns (or current and fu¢ure 0￿￿allonS arL" ￿ laid down in Lhc following seciion. Achievement and Perlorniance. ACHIEVEMENT AND PERFORMANCE Rehea￿1$ & Conferts Term limc wcekly r¢h¥arsals in Coveni Garden {Church of St￿laImI Ha]l} during this period were well aiiet)d¢d and, for ihtkK unat>l¥ to aiiend in ￿rSOn on ￿CasIon. we recognised the iYTrefii of a conlinued Zwm ciinnectiTrn 10 e*h rLhcarsal. Public ￿r[OMiance$ each iCTTll coniinue 10 ¢fflhraced by m￿1¢¢1 Choir. This 2023124 se&son w&s again %omewhai experirncnLqI f￿ Medici, covering a joini c(bnL¢n with an old (avvuriie. a concert compri.sing words and music. io a lange of music from nKbre nNKlern ¢omp05ets. Alihough a departure from rhL usual rcpcrtoire the diverse prOgraMn￿ sel vut was approaC￿d by all with gre￿ enihusiasm and dediLaiion resulting in eaLh concen being extremely well receiv¢d by oui audience. For this we thank mL.m￿r$hip, David. Ph(*be. Conor and Tessa fuT ihe greai sw¢es5es. As wedicied. wc cxpcrier￿ed signif¢¢8ni ¢lwiges in relation io cosi uplifts a550¢taied wilh concert$ over reporting W1￿J. This is expeLird 10 coniinue inio ihe futu￿ ￿asOnS. Membership Wcekly. irt ￿rsOn schedule Saw a coniinued support from exisiing. returning and new rnernber5hip. Thi.% is retlLciLd in the incoTne from Mem￿rShiP which has" risen from £10.492 in ihc previou8 rinancial year ID £1 1.4CK) for 202.112024. We are panicularly pleased io stt Ihe 5UPlX)rt and loyally or mLmbLrship rLiurning during this peri￿ and io hav¢ w¢lcorned quite a few new ialented sin8Lrs i Medici. Wc continu¥ io en¢ovrage It￿M￿r5 Iv reLruii for rehearsa15 in the new financial yLar. R¢￿ster&I Charity Nurnber I18?78S MEDICI CHOIR RerMTrn of the Tru5tc¢s and unaudited fjnancial statcmcnts 31 August 2024 REPORT OF THE TRUSTEES- CONTINUED FOR THE YEAR EIYDED 31 AUGUST 2024 Key performance tveThts The Charity gave a public perfom)ance at the end of and a Supplementary charity carol concert in D¢cember 2023. Th¢se w¢re: Verdi Requiem. a joint concert with Portsmouth Choral Unior] in Holy Trinity Sloane Square 12 Decetnber 2023) Charity Carol Concert at ihe Royal Society of Medicine (13 December 2023) Death and Mozan- The comp(Tr5e¢s IL5t year in words and music. in Holy Trinity Sloane Square (22 March 20241 Bruckner and Brass in Si Gabri¢l's Pimlico (28 June 2￿24} Looking ahead to next season 2024r2025 the Charity welcomes a compleie return to in person reh¢arsals in its usual venue for the full memberthip. The benefit ofzoom conneclion lo rehearsals is being retained for occasional use. Our tnusical direction for ihe srason has been developed in conjunciion with David Gostick, wsth tnembership support. io explore beyond our usual 8entes while retaining a sirong link with popular, fatniliar music. This season srretched Medici outside its comfort zones. musically. We worked with The Portsmouth Choral Union for our first concert to put on a gtand perforniance of Verdi Requiern with some 150 voices and 41 insinJm¢nts. It w&8 an expensive endeavour but wa5 an exceptional concert and wonderful experien¢e for all involved. Included in Ihe season plan. and offering mttnbership development and improvement opNTrrtunitie%. ate workshop events relating directly to ihe planned progrdmme for the Se￿on. W¢ ar¢ looking fon¥ard to further joini concerts in future seasons. For our Deaih and Mozart concert we realised the coftcepi of pieseniing Mozart's final year through choral singing and spoken word. by way of a discourse betwttn the composer and death. This would not have been possibl¢ without membership support and the willingne55 and dedications of Tessa lending her thlents and time to producin¥ the scripi and dire¢tlDg the actor5. It Is hoped ihat the magnitude of ihe Verdi concert and the change in concert design with the Mozart concert will prove popular wilh existing membership. will attraci new members inreresied in this repertoire and approach, and will appeal to an untapped audience base for perfomiances. We look forward ts> rcviewing the success of ihis upc(Nning season. A bursary, established 2022 to reciprocally benefit siudents in the ar¢a singin8 in a chornl setting and Medici gaining some supw)rtive, ialenied woices and fuiur¢ mernber5. remains in place. We have had our first sing¢r who started in ihe Spring iemi. We hope this continue5 to prove attractive to talentrd singers and encourage membership io share neiws of this with their networks. FINANCIAL REVIEW The Financial Statements show a net decrease in fund5 of £2.825 (2023.. decrease of £4.120) in the year after expending £36,944 (2023: £28.740). making totsl funds carried forward of £26,143 (2023- £28,968) Reserve5 poliey The charity has set a reserves policy that provide% financial stsbility and the rneans for the development and itnprovemeni of its principal activities. It requires maintaining free cash balan¢¢s in the general fund amounting io sixty five percent of one y*s nomial expenditure. Surplus fund5 are held on bank deposit. The charity regularly review5 th¢ amount of iesetve5 th￿ are required io ensure that they are adequate io fulfill continuing obligaiions. The charity considers the present lev¢1 of fundin8 and reserves is adequaie ￿ support the chariiy's xtivilie5 for the medium terni. and the truslees consider the financial tK)Sition of the charity to be saiisfaciory. Siobhan Graham Chair of the Trusie¢5 Rcgisier¢d Charity Number 1182785 ITr-DICI CHOIR of th¢ Trusts unthitrAI financial stsleN￿nts 31 Au8USt2024 IYf()ME thD E.XPENDITURE ACCOUNT F'fiR THE TrEAR ENDED JI AUGUST 2024 uthnst￿cttd Restricttd 2024 Tot81 rund5 2023 TotAI F￿ndS liliber%h￿ 5LibsLripiions Ihin£iltons 11.400 56 2237 13.700 3.956 872 1.414 484 1.400 56 2237 13.700 3.956 872 1.414 484 10.4Y2 250 1.994 10903 Cvnc¢rt tKkci sales Mi)%ic scores l.iinilK>ns lindT￿s Itit¢rest eamjngs 748 233 i)tal incomc. 34,IlY 34,119 24,620 EXPENSES F.xpi'ndituri' on rxi$img ftyttd$ Il¢lie